Posted by yangstyle10forms > 2017-07-02 08:21 | Report Abuse

Greeting Sifu VenFx, a quick scan on EG through ft.com are not so favorable.

https://markets.ft.com/data/equities/tearsheet/financials?s=EG:KLS&subview=Overview

1. Operating margin 4.21% & Net profit margin 2.5%. Very thin margin. Indication they are in a very tough market & their products can be replaced by any other manufacturers anytime. They cannot command price as there is no barrier to entry.

2. ROE 2016 at 8.97%. Moderate.

3. The debt level have been increasing constantly since 2012 to 2016. Not a good sign.

4. The EPS CAGR 5 years = 19.11% but there was a great fluctuation spotted in EPS between 2012 to 2016.

Your golden egg still got a lots to improve before it will attract any funds. Funds got better option outside there. For instance, listed at SGX

1. Valuetronics Ltd
2. Avi Tech Electronics Ltd

Posted by musangfoxking > 2017-07-02 15:25 | Report Abuse

yangstyle10forms, u mean stay away?

Posted by VenFx > 2017-07-02 15:48 | Report Abuse

Hi ! yangstyle10forms ,

To get in EG's biz, first of all ... u need to know what they are currently doing;

A.)
(Prospect / Growth)
1. Biz by segment (Pcba & Box-built)
2. Plant utilisation
3. Potential contract ahead.

B.)
Others domestic & macro front , i wont go into it .(But, i'll share to u my previous comments later )

C.)
While as the Debt concern, i juz leave it to EG's finance control .
There is no single 'default payment' since the new management take place 3 years ago.Yaa, 90% of the sum debt are Trade Finance.
Why do i worry about ?

Lastly, there are more & more Foreign EMS player invested in Malaysia, WHY ? again u may go & search for it.


LAST WORD !
TO DISCOVER A GEM, THERE IS NO SUCH WAY JUZ BY AN QUICK SCAN.
wether u going to overlooked them, or may probably read them wrongly :)


*** Now , will share my previous comment with u at below.

Posted by VenFx > 2017-07-02 15:50 | Report Abuse

EG INDUSTRY (8907)
♣♧◇■□□• 未來的 爆发股 º•○●■■

随著 亚洲最大 消费市场(中国), 的 崛起,
大品牌 Electronic Manufacturing 早就在 我国 部署 自己的 EMS provider 了。
哪些 有在 名单的 肯定会陆续 接到 大额 订单。
追不上的 肯定 被淘汰 出局 。
这也是 大马与 个国 和 中国 多年建立的良好关系的 果实。
加上 台湾 与 中国 的政治对抗, 直接加快了 EMS 的发展 来到了 一个
全面推进直 更高的 水平。
当然 大马 人才和管理成本 以及 相关科技连 的 陆续结合起来 也成了重要因素之一。

我想说, 竟然外资 都那么积极参与 本地 EMS 版块,,
,我们 还是快快 加码本地 集装与服务厂商(EMS) 吧。

(提高 盈利篇)

管理层 着手 物流这块,
相信是要 更能 让 'High mix Low volume' 能在 最快时间运到 客户们前。
也同时可 提升 'production per floor square' 产量与面积 最大化,

再借着 zero-effect 机戒 CoBot 的价入,
是 可以大大提高 公司 盈利的。

Posted by yangstyle10forms > 2017-07-02 15:51 | Report Abuse

@musangfoxking, yes. In short, not the time yet. EG got a lot to proof & improve on their parameters. The funds would be more efficient to be parted somewhere else. No harm to be later but safer.

Posted by VenFx > 2017-07-02 15:51 | Report Abuse

~~~ MANY STILL NOT YET PAY ATTENTION TO tech-ems ~~~

Sooner or later they will .
Since, Vsi / Skpres / Pie continue to deliver robust growth from their recently qtr results .

U may refer to the below Press Release :
***********************************************
1. V.S. - Better Margins Driving Earnings Growth
Author: MalaccaSecurities | Publish date: Wed, 14 Jun 2017, 06:03 PM
http://klse.i3investor.com/blogs/MplusOnline/125412.jsp

2. 增新生产线．中业务有惊喜．威城盈利料续强劲
http://klse.i3investor.com/blogs/sin_chew_hot_stocks/125405.jsp

3. 更多跨国订单到手．广宇今明年展望乐观
http://klse.i3investor.com/blogs/sin_chew_hot_stocks/125408.jsp

4. Hotayi Electronics (M) Sdn Bhd, a Taiwanese-owned electronic manufacturing services (EMS) company, is re-investing RM1 billion to expand its vertical integration (V.I.) segment
http://www.klsescreener.com/v2/news/view/245771
18/06/2017 22:36

Posted by VenFx > 2017-07-02 15:52 | Report Abuse

BEFORE ONE CAN UNDERSTOOD BOX BUILT, HE MIGHT NEED TO FIND OUT WHICH SECTOR FOR BOX BUILT ARE TO BE FITTED; SO, BY READING THE BELOW GIVEN LINK ,I THINK IT MAY HELP IN PAINTING AN OVERALL PICTURE.


[ Trends: Contract manufacturers worth a look ]
Kathleen Gallagher , Milwaukee Journal Sentinel 11:01 a.m. CT Nov. 5, 2016

The contract manufacturing industry, at $430 billion in 2015, is expected to grow to $580 billion in 2020, according to an analysis by New Venture Research.
http://www.jsonline.com/story/money/columnists/investment-trends/2016/11/05/trends-contract-manufacturers-worth-look/93215326/

【专访】BTU营销经理Bob Bouchard : 电子组装行业趋势发展
https://v.qq.com/iframe/preview.html?vid=b13110580kv&width=500&height=375&auto02:58

Posted by VenFx > 2017-07-02 15:53 | Report Abuse

EGg's Main dish is its Fantastically robust contribution (Box Build)
Capital: $ 180mil
Shares : 211.3mil

New (Sg Petani) Plant utilised / Box revenue generate & Growth %
+++++++++++++++++++++++++++++++++++++++++++++++++

Financial year 2015
[ 20% / $64mil No reference for Yoy growth ]

Financial year 2016
[ 35% / $128mil & Yoy growth by 200% ]

Financial year 2017 (Q4 is est.)
[ 50% / $250mil & Yoy growth by 195% ]

Financial year 2018
( i. $300mil Box built contract has secured for for 2018 & 19 so far, as announce in their Jun'17 p.r. ;
ii. EGgs has started searching for their 3rd new strategic production plant )

[ 85% / $425mil & Yoy growth by 170% ]

Financial year 2019
[ 100% / $500mil & Yoy growth by 118% ]

*** Remarks ***
Segment Net margin....................................................
i . Pcba : apprx. 1.9%
ii. Box Built : apprx. 5.1%

By End2017 financial, EGgs probably will has follow segment profit....
i . Pcba : apprx. $14.39mil (53%)
ii. Box Built : apprx. $12.80mil (47%)



[ $15MIL FROM THE RAISING FUND, EG TO ROBOTISE IT'S EXISTING FACILITIES & FURTHUR CURBING THE CURVE AT FASTEST SPEED, BIG LIKE ! ]

EG: Machinery upgrades to bring new sales of RM100m per year. EG Industries, which has secured shareholders' nod for its renounceable rights issue to raise up to RM63.9m for business expansion, says its planned upgrades of its machinery and equipment should generate additional sales of about RM100m a year. EG Industries said the approval was obtained at the group's EGM. The renounceable rights issue, which will be undertaken on the basis of one rights share for four existing EG Industries shares, is at an indicative issue price of 95 sen. (The Edge)

Posted by VenFx > 2017-07-02 15:54 | Report Abuse

{ EG'S " FAIR PRICE BY 2H 2017 - 1H 2018 " }
**************************************************
- Existing market cap is, $180 mil
- Existing shares is, 211.3 mil

(Net profit by segments) :

______________ i. PCBA = $14.0 mil (assuming no growth yoy.)
______________ ii.Box Built = $21.7 mil (Segment Yoy growth by 170%)

--------------------------------------------

Total Net Profit = [ $35.7 mil ]


Price to Earning (P.E.) / Before Ex-right / After Ex-Right
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

1. X 10 (P.e.) : $1.69 / $1.33
2. X 12 (P.e.) : $2.03 / $1.59 * THIS IS THE ONE, I'M LOOKING AT $$$

Posted by VenFx > 2017-07-02 15:58 | Report Abuse

没成长，不要买。有成长，不要卖。 成长长，长持有。成长短，短持有。

What Bid u will put for "EG-OR" upon listing dudes ?

[ PLS. VOTE ] TQ !

1. $0.14 (Sapu all u can)
2. $0.23 (* Hottest Bid )
3. $0.33 (Dared by Value )
4. $0.41 (Not for Amateur)

My Vote : # 2 & 3 ; What yours ?

Posted by VenFx > 2017-07-02 15:59 | Report Abuse

EG $1.56, in 2018

Sound nice ?
Not for everybody,
Only for those who willing to see, hehe !!!

Posted by yangstyle10forms > 2017-07-02 16:00 | Report Abuse

@ Sifu VenFx, I would keep development of EG parameters under observation. Perhaps time could proof me wrong like what you said. For conservative people like me, I would not initiate but no harm to observe for knowledge gain. TQVM for your responses.

Posted by VenFx > 2017-07-02 16:06 | Report Abuse

ESTIMATED TIME FRAME FOR COMPLETION
+++++++++++++++++++++++++++++++++++

The tentative timetable in relation to the R.i. Proposals is as follows:

Date Events
----------- ===================================================
15/6/17 *** EGM to approve proposals

End June *** Announcement of the Entitlement Date.

Early July *** Public release of the Abrided Prospectus for the
proposed R.i.

End July *** Listing of & qtn for the Rcps, Bonus Shares &
Additional Warrants -C

Posted by Ng Yg > 2017-07-02 16:50 | Report Abuse

If u do work in manufacturing before, then you will know the path to VI is not easy.... especially client "D". Anyway, good luck for EG. They are the only one who know where they are now. Hopefully they really develop this client "D".

Posted by VenFx > 2017-07-02 17:10 | Report Abuse

The resuts is Awesome, pls read the link here !

{ 戴森成长前景耀眼　大马3代工厂沾光 }
2016年11月20日 18时37分 • 王生旺
http://www.orientaldaily.com.my/s/171996

{ 2趋势加速成长　家电股迎盈利涨潮 )
http://www.orientaldaily.com.my/s/201900
最后更新 2017年06月23日 22时47分

Posted by VenFx > 2017-07-02 23:49 | Report Abuse

Sis & Bros ,

EG's " Box-Buit Segment " has been growth robustly ; If, everything work out as planned ...

Believing "Box-built" net profit to have a significantly ratio of 60% to toatal Eg's annual profit ,
While, the rest go to 'Pcba' by 2018 .
Thus, a 35% of CAGR yearly Net Profit is very much achievable !


My [ TP for EG at $1.59 ] after multiply 12x P.e. in 2018 , shall be expecting :)

Posted by coldinvestor > 2017-07-03 09:38 | Report Abuse

一只好股， 不用宣传 股价自然会升上来， 如果是只烂股， 再怎么喊叫也是徒劳。

Posted by musangfoxking > 2017-07-03 09:43 | Report Abuse

certainly not my ahmoi genting!!!! kikikikiki

Posted by aiboon > 2017-07-03 11:54 | Report Abuse

会跌破0.80吗 ？？？ 会吗？？？会吗 ？？？

Posted by klee > 2017-07-03 18:26 | Report Abuse

"Best" performer stock 2017.Wakakaka.

Posted by Mini Bull > 2017-07-04 00:50 | Report Abuse

hahahaha...0.81 !!!!

Posted by wsquare1287 > 2017-07-04 10:22 | Report Abuse

When RI? Anyone?

Posted by KLCI King > 2017-07-04 15:54 | Report Abuse

Not easy to hold by looking at the price trend, it need great mentality to hold on. Wish all good luck here.

Posted by Cimbnet > 2017-07-04 16:30 | Report Abuse

Seems like it has no bottom. Painful for all EG holders. Seeing other stocks fly but EG sinking is no joke

Posted by Anson Lee > 2017-07-04 16:46 | Report Abuse

@VenFx, may I know when is the Ex-R.i ?

Posted by Nizam Kksb > 2017-07-04 17:10 | Report Abuse

bodohlah ini kaunter,sudah setahun lebih sideway.

Posted by VenFx > 2017-07-04 19:06 | Report Abuse

U May Have Additional Clues by readingv Rooster EGgs' s Peer for -Customer D
¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤

http://klse.i3investor.com/blogs/sin_chew_hot_stocks/126740.jsp
拓印刷电路板业务．星光资源赚幅改善

Posted by Fly_universe > 2017-07-04 20:31 | Report Abuse

VenFx, it is interesting. EG initially as a pure PCBA company, has upgraded itself to do plastic injection molding. As a plastic injection company, Skpres now also wants to do PCBA.

Posted by Fly_universe > 2017-07-04 21:11 | Report Abuse

Many have overlooked the huge potential of vehicle tracking market.

http://www.bnm.gov.my/index.php?ch=en_announcement&pg=en_announcement&ac=529

Starting 1st July 2017, Malaysia has kicked-off the 2nd phase of de-tariffication (liberisation) of car insurance. Meaning to say, new car insurance is no longer rigidly offered based on the age of driver
(and car), and engine capacity. New insurance will take into more risk factor.

https://www.forbes.com/sites/sarwantsingh/2017/02/24/the-future-of-car-insurance-digital-predictive-and-usage-based/#3bf6c7ed52fb

As stated in the above website, the future of car insurance will move towards 'digital, predictive and usage-based.' This is where there will be a tracking device inside the car to track the information of the driver's driving behaviour and surrounding geographical condition, in exchange for a fairer insurance premium.

As a manufacturer and distributor for vehicle tracking company Tramigo. EG will surely benefit from this car insurance market transformation.

So, think twice before you throw EG.

Posted by pareto_8020 > 2017-07-05 09:48 | Report Abuse

I haven collect enough at 0.805!! sell pls

Posted by leslieroycarter > 2017-07-05 10:45 | Report Abuse

Everday dropped bit by bit until no eye see...

Posted by moneykj > 2017-07-05 13:21 | Report Abuse

Ven bro, I still hold some Eggs bot at high price. Still monitoring...

Posted by johnyeoyeo > 2017-07-05 16:23 | Report Abuse

when to buy ??

Posted by ivan9511 > 2017-07-05 16:29 | Report Abuse

but la. undervalued if base on qr and yoyo
this eg revenue profit is very stable like insas and trop superundervalue

Posted by Cimbnet > 2017-07-05 18:56 | Report Abuse

Ya ven sifu, wonder what's your cost too :)

Posted by Stock Kingdom > 2017-07-06 15:38 | Report Abuse

Warrant is good alternative but has not dropped much if compared to mother share

Posted by Stock Kingdom > 2017-07-06 15:50 | Report Abuse

The concerns highlighted in this article are genuine, may be it is the reason Market has valued it much lower if compared to VS

https://klse.i3investor.com/blogs/shareshare/118293.jsp

Posted by Fly_universe > 2017-07-06 16:10 | Report Abuse

The concerns about receivables are superficial. If you study well the QR of VS and Skpres, all their receivables spikes as well, this is due to their rapid expansion.

Expansion brings in more sale, just like what is mentioned by the management of Geshen. When sales increase, the rise in receivables is inevitable.

https://klse.i3investor.com/blogs/kianweiaritcles/125023.jsp

"至于Receivable的提高，这是在所难免的，一旦Sale提高，Receivable自然而然的一定会跟着提高，没有顾客喜欢用现金结帐的，我们也必须给予顾客一些条例与便利。"

Posted by leslieroycarter > 2017-07-07 11:01 | Report Abuse

Want t9 buy or sell also v difficult coz no vol at all. May b the punters have shy away from this counter. No more hope unless something extraordinary happens.

Posted by heata > 2017-07-10 22:51 | Report Abuse

when is the ex date..

Posted by Cimbnet > 2017-07-10 23:36 | Report Abuse

When R.I?

Posted by Vin Chuah > 2017-07-11 09:57 | Report Abuse

RIP

Posted by klee > 2017-07-11 10:59 | Report Abuse

Mana itu failed sifu tiap2 hari nyanyi one?

Posted by coldinvestor > 2017-07-11 11:09 | Report Abuse

附加股还没出来就已经跌破RM0.800， 如果公司现在宣布配股， 股价会跌成怎样， 祝各位好运。

Posted by Vin Chuah > 2017-07-11 11:32 | Report Abuse

pok kai

Posted by Nizam Kksb > 2017-07-11 11:53 | Report Abuse

ha..ha..ha...apa nak jadi la dgn kntr ni

Posted by KL_82 > 2017-07-11 12:43 | Report Abuse

Stock Kingdom, you may want to find out in details about EG's debt.

Over 230mil, the trade finance is approximately 190mil. I personally don't see trade finance as "real debt" as it is a tool for exporters to settle business with client, the bigger the revenue, the trade finance increases (maybe this is the reason everyone is worrying). Hence, if take trade finance out of the picture, the real debt (term loan, hire purchase & trust) is only 40mil.

If you check their cash flow statement, cash from operating activity roughly 50mil last quarter, minus trade finance interest still have 30mil. With this earning power, i personally think it is undervalued now. After the right issue with money flow in, situation will be much better.

By then... U guess.

Posted by coldinvestor > 2017-07-11 14:52 | Report Abuse

不要勉强哦！

Posted by lly316 > 2017-07-11 15:21 | Report Abuse

son still got hope?

Posted by VenFx > 2017-07-11 15:59 | Report Abuse

你搞清楚了 再说咯