Posted by limyauc > 2020-05-27 11:03 | Report Abuse

Moving forward, Lau, says the company is aggressively looking to expand the company’s customer base in the region.

This, he says, is in view of the company’s increasing output, on the back of higher productivity and the new, more efficient machinery it plans to acquire.

“We are currently providing samples of our products for several potential clients, and we are very confident of securing a few new deals in the near future,” he says.

The ongoing trade tensions between the US and China, he adds, has benefited the company, with US-based firms looking for new suppliers outside China.

For now, Lau says the company’s cost cutting measures will continue, across all its operations and processes to ensure that PA Resources operates at the best of its capability.

“While we have already managed to pull off a turnaround of the company, the work is far from done. This is a new beginning for PA Resources, and there is much more that we hope to achieve in the years ahead,” he says

Posted by rodneychin > 2020-05-27 18:53 | Report Abuse

GG

Posted by birkincollector > 2020-05-27 19:13 | Report Abuse

Good results but heavy boat

Posted by Smilday > 2020-05-27 20:19 | Report Abuse

Today shows a baby step, with much higher volume but too bad, price remains the same (as expected). Anyway, happy to see 0.06 again, not to mention 0.065.

Posted by Smilday > 2020-05-27 20:42 | Report Abuse

Limyauc, thanks for sharing the info. I have few comments on them.

1. Expand customer base is day-to-day Sales roles.
2. On output, believe the PA teams have done a good job.
3. There should have been contracts signed as of today. "Providing samples of our products for several potential clients" is kind of late when early 600 mil contract is going to end soon.
4. Agree that trade tension has benefited PA. The extra output is useful now.
5. [“While we have already managed to pull off a turnaround of the company, the work is far from done. This is a new beginning for PA Resources, and there is much more that we hope to achieve in the years ahead,” he says] - Is a good turnaround. But, not sure how many of the stakeholders still can wait. I see richardteh_9813 already patiently waited/invested for 3 years; don’t know how long he can still wait (including me). Hope he is not an elderly investor, so that he still have the time to enjoy his investment return.

Just personal's opinion.

Posted by richardteh_9813 > 2020-05-27 20:48 | Report Abuse

I trust Datuk Seri guide PA will fly.. however, he need to push stock a bit lah...give us some confident

Posted by richardteh_9813 > 2020-05-27 20:49 | Report Abuse

good results 6 Q but but but....stuck at 0.055...haiz...

Posted by Smilday > 2020-05-27 21:03 | Report Abuse

Hi richardteh_9813,

Already 7 quarters, not 6.

Posted by limyauc > 2020-05-27 21:31 | Report Abuse

Smilday ,
If u look into PA's Q results in 2018, vol only start shoot up in 1q 2019(June to sept 2018). Look like PA only start supply in this Q. This mean 600m may last till May 2021.still got 1 more year. Relax la, MD already mentioned they are working with few potential clients on new projects. May b already got projects but not make announcement to bursa. During AGM in Oct/Nov can confirm with MD on contract status.Just give them some time to perform. Turnaround a company is not easy & continue to perform is even tougher.

If u free just go & screen all the results out today, almost no com. perform like this com. continue grow in profit even during MCO.Soon or later investors will notice this com, & price may go up. With this type of performance & downside risk is LOW. Furthermore coming Q should b gd due to AL price drop by 7.5 to 10%, RM weaken & diesel price drop.

Like "cold eye" (Foong siling) mentioned before to build a house may take 3 year, plant durian tree also take 5 years to harvest. Just give the com. another 6 months then we will know the results.

Posted by Peter2357 > 2020-05-27 21:41 | Report Abuse

at this price of 5.5 cts...you can hardly find any stock in Bursa with financial as good as p.a.resources...colkect

Posted by richardteh_9813 > 2020-05-28 11:37 | Report Abuse

limyauc... like to have some discussion with you. can I hv your email?

Posted by richardteh_9813 > 2020-05-28 11:40 | Report Abuse

and also bro whkwoon...

Posted by richardteh_9813 > 2020-05-28 11:43 | Report Abuse

跟你们学习一下

Posted by Smilday > 2020-05-28 15:01 | Report Abuse

Hi Limyauc, thanks for your reply.

1. Turnaround a company is not easy & continue to perform is even tougher - I totally agree with you, super tough job.
2. Performance & downside risk is LOW - Personally, i follow PA not a month or two. The problem is "Stagnant stock price". If during turnaround period, business was bad / uncertain, is understandable. But, continuous with positive results for 7 quarters still stays at the same stock price, something is not right. For quarterly positive results, good job.
3. Furthermore coming Q should b gd due to AL price drop by 7.5 to 10%, RM weaken & diesel price drop - Although expecting better profit in coming quarter, based on past 7 qtr experience, the chances for stock price to move up is slim. my worry.
4. Long time to harvest - this triggers me to look at this portfolio again. 3 years gone... what is next, wait again 6 months?... haha, this is the question to me...

Thanks

Posted by Smilday > 2020-05-28 15:09 | Report Abuse

To Peter2357,

"at this price of 5.5 cts...you can hardly find any stock in Bursa with financial as good as p.a.resources...colkect".

This what i did long ago... and continuously buy in like investing in Unit Trust... with the same thinking "Cheap and good company", where to find???

The problem is never move.

Very very "Pek Chek" in Hokkien

Posted by peacefully > 2020-05-28 16:52 | Report Abuse

1. Traditional industry (aluminium), less attractive as compared to glove (now), IT and O&G.
2. No other significant shareholders like EPF, Tabung Haji etc... only Tan Sri.
3. No big shark goreng, somemore major shareholder don't want sapu.

How to move ? just hope them declare dividend better. haha

Posted by Smilday > 2020-05-28 21:51 | Report Abuse

The the Board of Directors need to work more to promote the company. During the last Private Placement,they managed to get Tan Sri to buy some...

Dividend, cannot lah, better keeps the fund for rainy days...uncertainty ahead...

Posted by rodneychin > 2020-05-28 22:20 | Report Abuse

Their inventory increased more than 50% compare with last year....

Posted by valuebuy8888 > 2020-05-29 16:59 | Report Abuse

Inventories up good for company, buy cheap raw material sell at same US dollar make more $$$$$. C comments from limyauc


limyauc https://markets.businessinsider.com/commodities/aluminum-price

https://www.bloomberg.com/quote/USDMYR:CUR

i)Aluminium price drop in the month of Apr & May - drop by close to 7.5% to 10% VS AVERAGE JAN TO MAR- margin win will increase due to 70 to 80% of Raw mat cost is AL ~2.6M SAVING/PROFIT

ii)Forex gain around 3% in APR & May VS AVERAGE JAN TO MAR. ~ 1.5M

Posted by rodneychin > 2020-05-29 18:45 | Report Abuse

Meaning the management is confidence and order is strong only will increase their inventories. Also they spent 10mil for increase their factory machineries to improve their productions.

Posted by Lewis Lim > 2020-05-29 20:39 | Report Abuse

7个Qr 都赚钱 不知骗到多少散户进场了，半年后宣布Share Consolidation 5合1或者10合1 过后，在来压低价钱收票 哈哈哈 投资者全部去荷兰卖鸭蛋

Posted by rodneychin > 2020-05-29 21:21 | Report Abuse

If this company is doing well, and u have holding power and confidence to this company y worry about share consolidation? To me, share consolidation is positive.

Posted by Lewis Lim > 2020-05-29 21:40 | Report Abuse

我没说不好， 以往的记录告诉我 Share Consolidation过后股价都跌回原点。然后休息在推高。可以看看这几年的Share Consolidation公司，7013/0150/7243是什么样的结果。只有9601做了Share Consolidation后 拉低的速度和推高的比较快 。 只是如果公司选择在这样的情况下做Share Consolidation ，很不利于现在的投资者。这是我的个人看法。

Posted by rodneychin > 2020-05-29 23:20 | Report Abuse

U have your point...great to learn more here.....

Posted by Smilday > 2020-05-30 12:47 | Report Abuse

i)Aluminium price drop in the month of Apr & May - drop by close to 7.5% to 10% VS AVERAGE JAN TO MAR- margin win will increase due to 70 to 80% of Raw mat cost is AL ~2.6M SAVING/PROFIT

How can people forecast about future? Maybe Aluminum price will down further. PA is doing "hedging" if per what Limyauc mentioned.

Per my understanding, most companies will based on raw material (Aluminum) market price to adjust the selling price to their customers. Which means when Aluminum price is up, the will sell with higher price to their customers, as agreed in the agreement. Why I say so is because PA profit margin is low, any price hike for aluminum will wipe out all the hard work.

Just sharing.

Posted by Smilday > 2020-05-30 12:50 | Report Abuse

spent 10mil for increase their factory machineries to improve their productions.

The management has mentioned they need to increase their output. I believe related to the RM 600 mil agreement. And, ready for future businesses (although no news until today, quiet as usual, only guessing games to external people like us).

Posted by richardteh_9813 > 2020-05-30 13:49 | Report Abuse

smilday....good comment....

Posted by Smilday > 2020-05-30 17:31 | Report Abuse

Hi Richardteh_9813,

Good comment no value/use - still under water.
Regards...

Posted by rodneychin > 2020-06-04 19:32 | Report Abuse

Brewing!!!!

Posted by whkwoon > 2020-06-04 19:51 | Report Abuse

Ha Ha wait another 6 months

Posted by rodneychin > 2020-06-05 13:03 | Report Abuse

6 months later will be 0.20

Posted by Smilday > 2020-06-05 16:47 | Report Abuse

Rodneychin, any insight/news to share with us? Thanks
0.20 is a big dream, 300%. It happened in 2011 and never come back even once.

Posted by rodneychin > 2020-06-05 17:10 | Report Abuse

As I know they are operating during MCO and going to secure new contract with US client. Next qr report should be positive..hopefully is true. To my opinion, many company losing huge money but their price still same as PA. Where you can get other profit company with current share price now?

Posted by rodneychin > 2020-06-05 17:14 | Report Abuse

Above is my opinion only....

Posted by Smilday > 2020-06-05 17:53 | Report Abuse

Thanks for the reply.

I totally agree with you on the profit record for the past 7 quarters, consider very very good for a turnaround company. The problem is the stock price is not moving per performance.

Since the stock price is not moving, I need to move since investment is without returns. Made some switches to other stocks, so far so good.

Hope to see PA flies soon.

Posted by rodneychin > 2020-06-05 19:07 | Report Abuse

Smilday , maybe this is because many had con by this counter 3 years ago and the share capital is too much which is around 20b shares....however, now their CEO has changed and we can see their business is in good track after diversify into aluminum sector. I believe solar sector will be one of the important sector in future and they need high quality of aluminum which can sustain more than 20 years for the solar panel. Hope I’m correct. Hope to know your opinion as well..

Posted by rodneychin > 2020-06-05 19:09 | Report Abuse

Sorry, should be 2 billions of shares.

Posted by Smilday > 2020-06-05 19:38 | Report Abuse

Yes, i think so, new CEO has made the company alive again. Agree with solar panel as well, understand one of the big customer in Kulim is in good business. While Greatech is their supplier too for some machinery as i understand. Greatech has flourished, for a new company and not PA.

I believe if the management has no intention to show/promote PA's true value, nobody can. We are shy to promote PA to our investment communities, for them PA is a "beautiful girl who never wakes up".

Furthermore, no news from the management team since Jan '20 this year.

2 billion shares is a lot but the share price is also not much. Just increased 20%, cannot blame on others but current management team, to gather funds for development.

Posted by Smilday > 2020-06-05 19:44 | Report Abuse

many had con by this counter 3 years - 李逸 - 三年

https://www.youtube.com/watch?v=Zup4EWtffHg

Enjoy this old song, maybe can reflect the feeling of those who have hold for 3 years...

Posted by whkwoon > 2020-06-05 19:52 | Report Abuse

Give another 6 months we shall able to know the truth

Posted by Smilday > 2020-06-05 20:35 | Report Abuse

Hi whkwoon,

I believe will be step by step up (gradually up) from now till end Dec '20 to reach 0.20.

Please correct me if I am wrong. Thanks.

Posted by Smilday > 2020-06-05 21:15 | Report Abuse

Just your opinion. No one can predict future.

Posted by Johnswk > 2020-06-05 21:15 | Report Abuse

Hi all , I m newbies here. hope to learn more from u guys

Posted by whkwoon > 2020-06-06 12:39 | Report Abuse

After MCO their production and sale shall improve greatly , just wait and see, As you can see they obtain permit to operated during MCO mean that they got urgent order to full fill.

Posted by Smilday > 2020-06-06 20:27 | Report Abuse

In Penang, many factories also open during MCO with 50% capacity.
Basically, I do not worry about their Production and Sales. The did't do the 20% Private Placement siok-siok to expand their capacity. There must be something in the pipeline, my guesstimate.

Very sorry to say it bluntly, got balls to drive the price up is my only worry.Just align to the performance will do. Why need to wait for another 6 months?

Capacity - Improve
Production - running good
Sales - Improve
Results - Good for 7 qtrs
Affected by COVID-19 - Minima
Cash flow - RM 13 mil

Posted by valuebuy8888 > 2020-06-07 18:51 | Report Abuse

Investors are collecting at 0.055, buyers start to become more & since last week. Hopefully engine will start soon. Long term players will laughing look at the bank ACC later. Company open during MCO really is a good news. well done! you are really do homework!!!

Posted by richardteh_9813 > 2020-06-07 22:19 | Report Abuse

past 2 yrs many investors also collect at 0.05, and continue collect until now....seem no movements at all...a bit boring n frustrated

Posted by richardteh_9813 > 2020-06-07 22:21 | Report Abuse

I wish authors change the movie story a bit...like taiwan movie many series haven't finish story...haha...

Posted by Smilday > 2020-06-07 22:47 | Report Abuse

richardteh_9813,

No need to be so sad. You should have invested in ANZO, 9 quarters continuous losses, share price will beat PA soon.From 2 cents before MCO to today 4.5 cents. I guess you are the movie Director (joke only).

Posted by freddiehero > 2020-06-07 22:49 | Report Abuse

boleh tahan..