ABLE GLOBAL BERHAD

KLSE (MYR): ABLEGLOB (7167)

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Last Price

1.92

Today's Change

-0.03 (1.54%)

Day's Change

1.92 - 1.95

Trading Volume

102,200


16 people like this.

7,379 comment(s). Last comment by KPH5328 2 weeks ago

sapurakencana

1,144 posts

Posted by sapurakencana > 2019-11-13 21:53 | Report Abuse

Will you keep even drop back to RM1.35 due to uncertainty in trade war?

LuckyG

1,698 posts

Posted by LuckyG > 2019-11-13 21:57 | Report Abuse

If 1.35 I happy to add another 200k shares. Thanks

LuckyG

1,698 posts

Posted by LuckyG > 2019-11-13 21:59 | Report Abuse

Important is next few Q johotin break record sales and break record profit as I assume

sapurakencana

1,144 posts

Posted by sapurakencana > 2019-11-13 22:12 | Report Abuse

Thanks your comment.

sapurakencana

1,144 posts

Posted by sapurakencana > 2019-11-13 22:14 | Report Abuse

what i concern ,why until now the substantial shareholder still not increase their position from the open market?

sapurakencana

1,144 posts

Posted by sapurakencana > 2019-11-13 22:16 | Report Abuse

liquidity of this counter still very low,that is why volume only maintain at 2 to 6 mil.

LuckyG

1,698 posts

Posted by LuckyG > 2019-11-13 22:23 | Report Abuse

Yah liquidity is low. Not easy to play short trading. But if hold for years not much difference.

sapurakencana

1,144 posts

Posted by sapurakencana > 2019-11-13 23:37 | Report Abuse

hold for years not much difference.Does it means no changes in price even we hold for year?

Huat1

2,509 posts

Posted by Huat1 > 2019-11-14 04:54 | Report Abuse

Good investment stock. Revenue will continue to climb with new factory in Mexico started operating.
Remember that the cost of sugar, its raw material in Mexico is much lower than in Malaysia and they also having cheaper transportation cost.

Profit should improve. Slowly but surely moving higher with better prospects.

chai366

27 posts

Posted by chai366 > 2019-11-14 08:23 | Report Abuse

Hi sapurakencana, thanks for the infomation.Btw , I don' t have much experienced in the stock market.Willing to learn from you all

chai366

27 posts

Posted by chai366 > 2019-11-14 08:25 | Report Abuse

Hi Huat1,exaxtly , one of the major issues JOHOTIN faced right now is cost of raw material so thier profit margin is low.Hope their can improve further

bzeew

320 posts

Posted by bzeew > 2019-11-14 09:29 | Report Abuse

Trading Call: Buy upon breakout above RM1.50
Target: RM1.65, RM1.75 (time frame: 3-6 weeks)
Exit: RM1.43

Source: AmInvest Research - 14 Nov 2019

Posted by Hong Jun Lee > 2019-11-14 09:47 | Report Abuse

Up up up target 2.0 soon

Posted by Hong Jun Lee > 2019-11-14 09:48 | Report Abuse

Lets break 1.6 today

Posted by Armada An Quantum Leap Stock In 2019/2020 > 2019-11-14 10:08 | Report Abuse

Johotin real good now

paperplane

21,660 posts

Posted by paperplane > 2019-11-14 15:38 | Report Abuse

soon RM1.80

Posted by Happyman123 > 2019-11-19 16:01 | Report Abuse

I believe 3Q will be very good on F&B division!
Ready for take off!

newuser999

231 posts

Posted by newuser999 > 2019-11-19 16:35 | Report Abuse

4Q wil be better. 3Q is expected dissatisfied.

bsngpg

2,842 posts

Posted by bsngpg > 2019-11-19 17:41 | Report Abuse

Between Johotin and Krono, I chosed to add Krono today to catch up weightage as Johotin. Both are great for me.

ZStrader

832 posts

Posted by ZStrader > 2019-11-20 09:22 | Report Abuse

uptrend still intake.. with 2 good QR... 2020 annualy expected to be good ..

Posted by Hong Jun Lee > 2019-11-20 16:24 | Report Abuse

Gonna uptrend soon accumulate more before too late

Posted by wunyoong22 > 2019-11-20 19:40 | Report Abuse

I worry about coming quarter result, should be lower that causing down trend now

wan7075

239 posts

Posted by wan7075 > 2019-11-21 13:17 | Report Abuse

i'm out out johotin last week. will only decide after see the report.

bsngpg

2,842 posts

Posted by bsngpg > 2019-11-21 13:53 | Report Abuse

Wishing to see you in Johotin again. I have held it for 2 years so far. There are many even much longer term investors in Johotin.

Posted by Hong Jun Lee > 2019-11-21 15:13 | Report Abuse

Up

Posted by Hong Jun Lee > 2019-11-21 17:09 | Report Abuse

Tp-2.0 soon

ZStrader

832 posts

Posted by ZStrader > 2019-11-27 16:02 | Report Abuse

pls smone break 150

gemfinder

6,880 posts

Posted by gemfinder > 2019-11-27 16:49 | Report Abuse

accumulate at 1.47

sapurakencana

1,144 posts

Posted by sapurakencana > 2019-11-27 19:23 | Report Abuse

dont chase high

Posted by Happyman123 > 2019-11-28 08:51 | Report Abuse

guys, stay tuned for today board meeting... :p

Posted by kokchengkai > 2019-11-28 12:18 | Report Abuse

AGM start??? Anyone attend it , what their saying so far?

Posted by Investar2862 > 2019-11-28 12:42 | Report Abuse

Added somemore JOHORTIN in anticipation of a better QR

choe

15 posts

Posted by choe > 2019-11-28 13:38 | Report Abuse

May i know wat time is the agm?

Justin328

480 posts

Posted by Justin328 > 2019-11-28 15:06 | Report Abuse

board meeting is call AGM?

chai366

27 posts

Posted by chai366 > 2019-11-28 15:29 | Report Abuse

How.?lll

slts

2,236 posts

Posted by slts > 2019-11-28 15:42 | Report Abuse

qr tonight good

chai366

27 posts

Posted by chai366 > 2019-11-28 16:01 | Report Abuse

ok thanks

clown

25 posts

Posted by clown > 2019-11-28 18:07 | Report Abuse

Eps4.8!!

Posted by Investar2862 > 2019-11-28 18:08 | Report Abuse

Excellent QR for Johor Tin

Posted by kokchengkai > 2019-11-28 18:08 | Report Abuse

Eps 4.8‼ economic izzit recover oledi⁇hahaha

Posted by Investar2862 > 2019-11-28 18:12 | Report Abuse

B1. Review of Group Performance

a) Current Year Quarter compared with Preceding Year Corresponding Quarter

The Group achieved a revenue of RM143.43 million, which is the highest revenue per quarter ever recorded and profit before tax of RM20.16 million for the third quarter as compared to preceding year corresponding quarter of RM124.44 million and profit before tax of RM16.51 million respectively. The revenue increased by RM18.99 million and the profit before tax increased by RM3.65 million respectively as compared to the third quarter of the preceding year.

For the tin manufacturing segment, revenue increased by RM6.86 million from RM28.73 million to RM35.59 million mainly due to higher sales in the printing of tinplates services. Profit before tax increased by RM2.03 million from RM4.08 million in the preceding year corresponding quarter to RM6.11 million.

This is mainly due to higher sales in the printing of tinplates services in the current quarter.

For the F&B segment, revenue increased by RM12.14 million from RM95.71 million to RM107.85 million mainly due to higher sales from dairy products. The profit before tax increased by RM2.26 million from RM12.64 million to RM14.90 million for the current quarter, mainly due to higher sales in the current quarter as compared to the preceding year corresponding quarter.


b) Current Year-To-Date compared with Preceding Year-To-Date

The Group has recorded a revenue of RM426.02 million and profit before tax of RM45.17 million for the 9 months’ ended 30 September 2019 as compared to preceding year-to-date of RM343.98 million and RM30.19 million respectively. The Group’s revenue increased by RM82.04 million and the profit before tax increased by RM14.98 million respectively as compared to preceding year-to-date.

For the tin manufacturing segment, revenue increased by RM17.42 million from RM83.72 million to RM101.14 million mainly due to higher sales in the printing of tinplates services. Profit before tax decreased by RM0.71 million from RM11.36 million to RM10.65 million. This is mainly due to higher material costs and relocation costs incurred by KTCF which is completed in the second quarter of this year.

For the F&B segment, revenue increased by RM64.62 million from RM260.26 million to RM324.88 million mainly due to higher sales from dairy products. The profit before tax increased by RM16.13 million from RM20.00 million to RM36.13 million, mainly due to higher sales and higher production efficiency in the current year under review as compared to the preceding year-to-date.

Posted by Investar2862 > 2019-11-28 18:17 | Report Abuse

B2. Variation of Results against Preceding Quarter

For the current quarter under review, the Group’s profits before tax increased by RM8.13 million to RM20.16 million as compared to profit before tax of RM12.03 million in the preceding quarter ended 30 June 2019.

a) Tin Manufacturing Industry

Profit before tax increased by RM3.07 million from RM3.04 million to RM6.11 million mainly due to higher sales in the printing of tinplates services.

b) F&B Industry

Profit before tax increased by RM5.48 million from RM9.42 million in the previous quarter as compared to the current quarter’s profit before tax of RM14.90 million, mainly due to higher production cost from water supply disruption in the current quarter under review.

slts

2,236 posts

Posted by slts > 2019-11-28 18:20 | Report Abuse

dividend 0.02

Posted by Investar2862 > 2019-11-28 18:23 | Report Abuse

B3. Prospects of the Group

a) Tin Manufacturing Industry
Tin manufacturing industry will remain challenging due to an increasingly competitive market. Raw material prices are currently less volatile and this will help to maintain the stability in the market in the near future.

b) F&B Industry
Demand is expected to remain strong although we foresee a very competitive market. This segment will continue to be profitable although prices of dairy ingredients have been increasing and the uncertainties in global economies.

clown

25 posts

Posted by clown > 2019-11-28 18:35 | Report Abuse

这季度Q3关闭f&b工厂一个月以提升产能 下个季度增长值得期待!!

chai366

27 posts

Posted by chai366 > 2019-11-28 20:01 | Report Abuse

Prospect ,remain challenging due to increasing competitive , stay strong Johotin

Posted by kokchengkai > 2019-11-28 20:04 | Report Abuse

Last period prospect they write the almost same thing , then they collect share in market

gemfinder

6,880 posts

Posted by gemfinder > 2019-11-28 20:05 | Report Abuse

Yahoo good result. Yoy n qoq oso up

paperplane

21,660 posts

Posted by paperplane > 2019-11-28 22:47 | Report Abuse

Just buy n hold longterm. Shld be ok, unless cost control loss control

Posted by Happyman123 > 2019-11-28 23:04 | Report Abuse

Nice 3Q result! Just see how the market will be response!

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