Posted by pang72 > 2024-07-21 14:56 | Report Abuse

Wow! The boss like one by one?
How come Facebook spreading the one by one news?

Posted by G-boy > 2024-07-22 23:01 | Report Abuse

lol..one by one news is old news 2022 oct..
but boss is helping that old man stand properly..

Posted by G-boy > 2024-07-22 23:02 | Report Abuse

suspected is who jealous boss business will success soon...
spread the fake rumor...

Posted by G-boy > 2024-07-22 23:08 | Report Abuse

haha..facebook is useless..all the page on facebook are fake page which anyone can get it if u paid...
haha..u can buy the page package depend on how many followers u want..

Posted by G-boy > 2024-07-23 00:08 | Report Abuse

利空不跌 你們懂得 哈哈

Posted by xiaolongbao > 2024-07-25 17:01 | Report Abuse

why suddenly gt rumor? goreng soon?

Posted by howardmark > 2024-07-25 20:18 | Report Abuse

Of course goreng. this time goreng sampai hangus back to 1.40, bad news waiting to explode and limit down!!!! Don't say I never warn you all.

Posted by howardmark > 2024-07-31 12:42 | Report Abuse

Already told you all, this bloody counter is useless. Limit down coming. Those who heard my advice and sold at high prices, thank me.

Posted by G-boy > 2024-07-31 17:05 | Report Abuse

thank howardmark.. u so good..haha

Posted by emc2garylow > 2024-07-31 18:02 | Report Abuse

我喜欢这个forum，因为小丑一直有表演哈哈

Posted by emc2garylow > 2024-07-31 18:03 | Report Abuse

非常卖力的表演：）

Posted by howardmark > 2024-08-01 15:02 | Report Abuse

Don't play with fire, surely will get burnt. Sell the useless stock.

Posted by howardmark > 2024-08-02 13:21 | Report Abuse

Ha ha... Many kena trap at high prices again.

Posted by emc2garylow > 2024-08-05 10:02 | Report Abuse

Some people comments without brain, 99% of bursa share are drop, they thought only this share drop. 小丑连世界局势都不知道

Posted by G-boy > 2024-08-06 16:56 | Report Abuse

haha.. that why emc2gary, u just can earn from stock market..
we need more fool's blood money

Posted by emc2garylow > 2 months ago | Report Abuse

Bombastic result

Posted by howardmark > 2 months ago | Report Abuse

Good profit, but price drop. Bulls kena trap again.😂🤣

Posted by emc2garylow > 2 months ago | Report Abuse

Someone must be bought at 1.5 1.6 then cut loss at 1.1 1.0,then now price at 2 already he feel not balance, heart pain, become hatred to this stock, see drop 2 cents already very happy

Posted by howardmark > 2 months ago | Report Abuse

So many stuck above RM 2.00. just waiting to cut loss when the price hit 1.80. you better sell before the blood bath starts.

Posted by emc2garylow > 2 months ago | Report Abuse

That's why u always loss money in stock

Posted by howardmark > 2 months ago | Report Abuse

Mexico JV is a failure. Smart investors sell all before it is announced as total impairment.

Posted by Cockcroach > 2 months ago | Report Abuse

Howardmark. Stop bad-mouthing a good stock. Please move on.

Posted by donald770 > 2 months ago | Report Abuse

Technically it is slow moving but patience will pay off.

Posted by howardmark > 2 months ago | Report Abuse

I speak with data. Already 5 years, tell us how much is the profit from Mexico JV ???

Posted by Cockcroach > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/705812
.Edge Weekly

Able Global eyes US market to optimise Mexican factory output

By Liew Jia Teng / The Edge Malaysia

Posted by howardmark > 2 months ago | Report Abuse

I guess you haven't read the quarterly reports of profit/loss of the joint venture.

Posted by Cockcroach > 2 months ago | Report Abuse

Did read. There is no issue

Posted by emc2garylow > 2 months ago | Report Abuse

Someone must be hurt badly by serbak, that's y he think every company is running by conman

Posted by donald770 > 2 months ago | Report Abuse

I read the qr report again n there is no mention of the loss in the Mexican venture.

Posted by observatory > 2 months ago | Report Abuse

In 2021 Public Bank wrote that management targeted Mexico to breakeven by year end. Breakeven utilization set at 30%.
Latest report shows utilization is 35%-40%. However, there have been 2 continuous quarters of share of loss for JV as shown in the P&L. The results over the past 15 quarters have been inconsistent.
Given the company's fortune depends on commodity prices, and with the run up in share price since the last few months, IMO the risk reward is no longer appealing.

Posted by solaris80 > 2 months ago | Report Abuse

Q2 2024 Mexico JV was making profit, but the Mexico peso depreciation caused the JV making loss after unrealised forex loss take into account.

Posted by observatory > 2 months ago | Report Abuse

Good point. Can you share how you deduce that JV was making profit but peso depreciation turned it into a loss? I couldn't find those info.
When I checked the Mexican Peso to Ringgit chart, it shows Mexican Peso has been strengthening against Ringgit from 2019 to mid 2024. The recent peso depreciation happened after mid 2024. But the quarter report is up to Jun 2024 only. In other words, the recent peso depreciation hasn't started during the reported quarter (worse to come in next quarter?)
Rightfully during the period when Peso was strengthening, it took fewer Peso profit to translate into each Ringgit profit. I wonder how the company turned a favourable forex condition (until mid 2024) into an unfavourable result.

Posted by solaris80 > 2 months ago | Report Abuse

Mexican Peso to USD.

Posted by observatory > 2 months ago | Report Abuse

Reporting currency is in MYR. Anyway, a two-step exercise of Peso to USD, then USD to MYR, the effect is the same.

Posted by solaris80 > 2 months ago | Report Abuse

You may refer to Public Bank analyst report issued on 29th Aug.

Mexico operations. On the other hand, AGB’s Mexico operations slipped into a loss of RM0.4m, mainly due to unfavourable currency fluctuations. We gather that exports from its Mexico operations have been increasing steadily and is currently running at a higher utilization rate of 35-40% (previously 25-30%) as the group has started to export full range of products (full cream and filled milk) to US.

Posted by howardmark > 2 months ago | Report Abuse

Those who claimed to have read the results and said no issue or no mention of loss and accused me of badmouthing were trying to fool people into buying or holding this useless company stock while themselves quietly offloading their shares... Thankfully there are still some honest people around who admitted it's still a loss after so many years. By the way, do you guys notice the same song the management is playing regarding the land conversion, each quarter still the same old song, "still in process of conversion"...oh yea...the debt clock is ticking yo, and the bank interest is also ticking yo!!! Wake-up from the abracadabra hypnosis before it's too late to.... otherwise when one day you suddenly wake up, it will be tripple limit down, then you'll be a true long term investor until it goes to zero...just like the sad story of serbak. By the way I didn't have a single share nor loss a single cent in serbak coz I could sniff the hanky panky from a hundred miles away before the first bad news broke out!!

Posted by observatory > 2 months ago | Report Abuse

Thanks for sharing the source. I missed the Public Bank report that “Mexico operations
slipped into a loss of RM0.4m, mainly due to unfavourable currency fluctuations”
So it means the operation was close to breakeven during Q2.

If I look back past 15 quarters since they started reporting the JV results, not only the Mexican progress was behind time, but the performance was also erratic. For example, loss in 3Q23, profitable in 4Q23, then loss again in 1Q24.

Have they really turned the corner?

Posted by solaris80 > 2 months ago | Report Abuse

Yes, last quarter, Q2 Able Mexico had granted the full range of product export licenses. CEO did mentioned it during AGM.

Posted by howardmark > 1 month ago | Report Abuse

Dead fish remains very dead. 💀☠💩

Posted by emc2garylow > 1 month ago | Report Abuse

Alamak today +3%, next week u come comment again will up another 3%,better u come comement everyday

Posted by KPH5328 > 1 month ago | Report Abuse

about 65% export market, import raw mat in USD, impact due to weakening USD should be minimum, anyone can shed some lights?
Expect better performance by JV as Mexico Peso against USD rebounds.

Posted by howardmark > 1 month ago | Report Abuse

dead fish wants you to be dead together 💩💩

Posted by xiaolongbao > 1 month ago | Report Abuse

wait next result out

Posted by howardmark > 1 month ago | Report Abuse

Everyday drops a bit... Boiling the frogs slowly...when the frogs realise that it's getting too hot, it would be too late to jump out.😂

Posted by howardmark > 4 weeks ago | Report Abuse

Killing you all slowly slowly

Posted by dawchok > 3 weeks ago | Report Abuse

The boiling water consists of solid earning each year and good prospects of growth. It is about the investor’s financial capability to stay long enough for the final win with consistent Div yield higher than FD.

Posted by dawchok > 3 weeks ago | Report Abuse

This counter meets RenYan investment criteria and is one of the main holding of him since N years ago

Posted by Happyman123 > 1 week ago | Report Abuse

is ableglob going to have another Bombastic QR result?

Posted by howardmark > 1 week ago | Report Abuse

keep dreaming 🤧☠💩

Posted by KPH5328 > 5 days ago | Report Abuse

Exporters esp tech jump due to USD strengthening, about 65% revenue of Ableglob is export, no benefit? Current share price weakness due to DT will hike 25% of Mexico goods?
Mex JV reported 1.8mil in Q4 2023, only quarter reported profit in past 1 year.