Posted by VenFx > 2017-08-17 23:51 | Report Abuse

Not realistic at all .

Posted by red_85 > 2017-08-18 00:16 | Report Abuse

this is based on normal right issue style for most stock..i already warn you guys since eg price at 0.9x when they announce right issue news..if you do some basic analysis, you will know that this right issue is bad news, hence many sites will quit the investment on this stock....thats the reason you saw price down until today..i am not really sure when is the bottom, but based on the price chart, still not a good time to in yet..this is because right issue still havent start..in summary, right issue drag longer, price down more..after right issue done, then only real investor will slowly buy in....because real investor always think of that would be a good time to in due to they get cheaper price and there are other ppl who pay for the right issue for the company expansion, hence they take this benefit to only ride the share after right issue

Posted by red_85 > 2017-08-18 00:27 | Report Abuse

if you really really want to ride with EG for long term..trust me...buy after ex-date of right issue..surely that would be a good bargain price and safe price to enter...

Posted by Shines > 2017-08-18 04:16 | Report Abuse

Treasury shares are not entitle for RI, resale now and buy back after xd, very logical.

Posted by Lukesharewalker > 2017-08-18 08:13 | Report Abuse

All shares are available for RI

Posted by Lukesharewalker > 2017-08-18 08:17 | Report Abuse

Just when you thought it's the worst, it never disappoint to provide another bottom..

Talking from 90 to 77, not bad enough? Long term 5, 10 or 20 years?

This counter missed the entire bull run 2017 plus negative movement of price.

Is there still hope?

Posted by Lukesharewalker > 2017-08-18 08:17 | Report Abuse

Admit defeat and don't pull others to Holland

Posted by coldinvestor > 2017-08-18 08:48 | Report Abuse

2017年是全球科技股的牛市， EG白白错失了这轮顺风车。 凡是有国际大集团Dyson加持的公司， 股价没有不上升超过一倍以上的， 如 SKPR, VS and Denko。 为什么EG 不起反跌？ 除了公司即将配售附加股这个原因之外， 会不会有一些我们不知道的事情呢？

Posted by VenFx > 2017-08-18 09:01 | Report Abuse

哈哈哈
Hantus tetap hantu...
Why so kan jiong ?

Hmmm time to bring on my another review this weekend.

Posted by coldinvestor > 2017-08-18 09:09 | Report Abuse

0080 & 0080WA 真的太美了。

Posted by gai > 2017-08-18 09:26 | Report Abuse

wow, all hantus come out already. :)

Posted by gai > 2017-08-18 09:30 | Report Abuse

Venfx bro at least provided a chart. Can others provide info to support your point?

Posted by ryan_och > 2017-08-18 10:01 | Report Abuse

look like the bull run very soon liao

Posted by ryan_och > 2017-08-18 10:21 | Report Abuse

for those shareholder that capable to pay for the rights issue, waited until now, do you think they will sell with cheap price? see the low transacted volume recently, now only left long term investor, those short term investor already out long long time already. Wait to buy cheap, you will see once the right issue date fixed, there is the lowest of EG

Posted by Rapidinvest > 2017-08-18 10:23 | Report Abuse

The Right Issue is the killer for EG. Nobody interest to invest.

Posted by Rapidinvest > 2017-08-18 10:24 | Report Abuse

Ask EG to borrow from bank better or private placement

Posted by Lukesharewalker > 2017-08-18 10:48 | Report Abuse

Why sell treasury shares, banks don't want to lend anymore? No overdraft facilities?

Posted by Lukesharewalker > 2017-08-18 10:49 | Report Abuse

Don't forget where is the investment opportunity? Many holes to fill....

Posted by Lukesharewalker > 2017-08-18 10:53 | Report Abuse

If the management don't want the shares, they expect public to buy?

Posted by Lukesharewalker > 2017-08-18 10:58 | Report Abuse

Or the coming QR is bad?

Posted by Lukesharewalker > 2017-08-18 11:38 | Report Abuse

From the chart, its potentially 61 cents, something bid about to happen...

Posted by Fly_universe > 2017-08-18 12:04 | Report Abuse

VenFx, wanna speculate the coming QR profit for some fun?

Posted by leslieroycarter > 2017-08-18 16:44 | Report Abuse

Yes right issue is the culprit , why not scrapped the idea totally then something good may turn out.

Posted by Fly_universe > 2017-08-18 16:59 | Report Abuse

VenFx, my calculation is about 5.8 mil - 6 mil, depending on how much box build orders are recognized...

Posted by Fly_universe > 2017-08-18 17:09 | Report Abuse

Do you expect the full financial year revenue to hit 1 billion? The procurement senior manger in their latest newsletter mentioned about this....

Posted by Fly_universe > 2017-08-18 17:27 | Report Abuse

This is my naive calculation, first I give a discount to the total revenue, say 970 mil.

970 mil – 747.5 mil = 222.5 mil

Out of 222.5 mil, 50 mil is box-build and 172.5 mil is PCBA.

Box-build : 50 mil x 10% = 5 mil net profit

PCBA: 172.5 mil x 0.45% = 0.78 mil net profit.

Total = 5.78 mil net profit.

Posted by yeong55 > 2017-08-18 17:30 | Report Abuse

This year financial year revenue already reached 1 billion. Very sure bcos
last month they hv function for these achievement in one of the hotel near Eg factory.

Posted by zombie321 > 2017-08-18 17:40 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5519137

Posted by Fly_universe > 2017-08-18 17:43 | Report Abuse

Thanks for the info, yeong55. What about GoGo Color Run Carnival, is it part of the function?

Posted by Fly_universe > 2017-08-18 17:50 | Report Abuse

Thanks, zombie321. Management has confirmed on that.

Posted by Fly_universe > 2017-08-18 17:58 | Report Abuse

Discover the article already.

http://www.focusmalaysia.my/Mainstream/eg-industries-banks-on-box-build-for-growth

Posted by heata > 2017-08-18 19:08 | Report Abuse

resell treasury share again..

Posted by Sharon Chok > 2017-08-18 19:30 | Report Abuse

any sifu can tell if it's still worth to keep this stock?why go down all the time?

Posted by Sharon Chok > 2017-08-19 16:18 | Report Abuse

thanks, Venfx! but coldinvestor said that 公司要配售附加股 is one of the reasons it drops?isn't it?

Posted by Investor 9999 > 2017-08-19 19:03 | Report Abuse

I am writing on EG again. I have nothing against EG. But I opine its recent actions of selling treasury shares warrant some critial thinking on the Co's action. I have written on its excessive trade debtors greater than QTR sales based on march reporting.

Kindly note that Co can only sell treasury shares thru the market and the share cannot be sold for less thant the share buyback price.

16 Aug sold 30,000 shares (buy in price 78) for probably 78.5 to 79 as high for 16 Aug is 79 sen

17 Aug sold 114,400 shares (buy in price 77.48) for probably 77.5 to 78 as high for 17 Aug is 78 sen

18 Aug sold 139,600 shares (buy in price 76.2) for probably 77.to 78.5 as high for 17 Aug is 78 sen

Total number of shares sold back into the market 284,000. Assuming all sold at 78 sen. The amount of cash raised is RM221.5K

Does the EG need to sell the 284k treasury shares to raise RM221.5k? I am worry the Co is really strap of cash and its cash flow must be so bad to resort to this action.

What is its objective of treasury shares, the Co selling of its treasury shares need deeper analysis. Its right issue had been held back and share price heading south.

it is very unusual to have 2 right issues within 2 years???

Becareful Investors

Posted by VenFx > 2017-08-19 22:46 | Report Abuse

Juz do a little fine tuning to its Balance sheet, i dont see any wrong doing .

The cash account on the asset side of balance sheet shall increased .

Furthuremore, THE MAIN FOCUS SHOULD BE the ' rapidly growth of eg's box-built ' .
Thus, normal lar with streamlining a bit before the r.i. rolling out .

Posted by Sharon Chok > 2017-08-19 23:55 | Report Abuse

both of you have your points! I am confused! can any of you give further explanation?

Posted by red_85 > 2017-08-20 01:03 | Report Abuse

when you are confused, just avoid this stock la..tons of good stock which pay good dividend , why have to fight on such confused stock? because stubborn?

Posted by Investor 9999 > 2017-08-20 01:07 | Report Abuse

Ask yourself what is a share buyback scheme? My little understanding, a share buyback scheme is to buy when the the share price is too cheap or undervalued. EG is selling its treasury shares at about 1 sen above its buyback price about 77 sen. If it is undervalued, Co should be buying more from the market and not selling. It does not make sense to sell. The only motivation is needing cash

In addition, the total receivables at 31 March of RM 308 mil is greater than Q3 sales of RM 285 mil.The RM 308 mil include other debtors and there is no breakdown of trade and other debtors. Other debtors cannot be material or significant percentage out of the RM 308 mil receivables. EG is dealing with export business where payment probably by LC or term of 30 to 60 days and also with MNC where credit term cannot be more than 90 days. The mounting debtors increasing every Q for last 3 quarters is another concern. Has the Co got collection problems?, or had customers reject EG products and refuse to pay. We do not know other than the management. Perhaps management reading this concern can clarified. .

Posted by VenFx > 2017-08-20 01:13 | Report Abuse

ya kah ?

Posted by Flying Cloud > 2017-08-20 01:19 | Report Abuse

EG - Borrowing Up, Receivables Up but Profits Not Up?

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

Posted by Flying Cloud > 2017-08-20 01:24 | Report Abuse

I had said in Mar, the results for 31 Mar & 30 Jun will be weaker, the Mar QR proved I was right. What about Jun QR? I still quite confident in my prediction that I made 5 months ago


1H STRONGER 2H WEAKER, ANNUALISED LAST Q RESULT MAY GIVE FALSE HOPE
Sales & profits in 1H of the year were always stronger & were WEAKER in 2nd half financial year of EG. It can be seen from the last 3 years (2014, 2015 & 2016)

https://klse.i3investor.com/servlets/stk/fin/8907.jsp

Posted by Flying Cloud > 2017-08-20 01:36 | Report Abuse

The price was 0.86 in Mar at the time of my writing, now already 0.77, 10% gone.

If the management is still unable to deliver in this Jun QR , better run before boat sink further.

Posted by Flying Cloud > 2017-08-20 01:37 | Report Abuse

Ya kah for what? Don't pretend don't know all these since you are the one has been here for long time.


VenFx ya kah ?
20/08/2017 01:13

Posted by Flying Cloud > 2017-08-20 02:20 | Report Abuse

I am talking facts & figures based on financial reports & this is your response?

Posted by VenFx > Aug 20, 2017 02:18 AM | Report Abuse
No one interested to know wether your are right or not ...

Your points are too brief, do not embarrasse yourself with your your low level article .

Your article doesnt show completely view in EG's truely conditions .
But, u are framing it for the sake to jump on your bias conclusion; Of which, is entirely make your article become valueless .

Not helping readers to understand furthur EG's thouroughly situation as a whole.

Posted by VenFx > 2017-08-20 02:20 | Report Abuse

No one interested to know wether your are right or not ...

Your article doesnt show completely facts in EG's overall conditions.

But, u are framing it for the sake to jump on your biasly conclusion; Of which, is entirely make your article become valueless.

Not helping but trying to discourage or confuse readers to understand furthur EG's thouroughly situation as a whole.

Posted by Flying Cloud > 2017-08-20 02:21 | Report Abuse

Are you trying to say, only those talking positive to the company is constructive & helpful.

Those bringing out the negative issues are useless & NOT HELPFUL?

Posted by VenFx > 2017-08-20 02:23 | Report Abuse

Yes, u see my response ...
pls stop do your discouraging act .

Not neccessary at all .
I doubt your motive .

Posted by VenFx > 2017-08-20 02:25 | Report Abuse

apparently yes ...
before u start criticsing, make sure u bring on your facts right .

Then, u earn reader's respect .

Posted by Flying Cloud > 2017-08-20 02:28 | Report Abuse

It is nothing personal, it is purely on financial figures & analysis, I have not even given any prediction & judgement. AND YET YOU SAID IT IS NOT FACT???

EG - Borrowing Up, Receivables Up but Profits Not Up?
https://klse.i3investor.com/blogs/shareshare/118293.jsp

Posted by VenFx > Aug 20, 2017 02:25 AM | Report Abuse
apparently yes ...
before u start criticsing, make sure u bring on your facts right .

Then, u earn reader's respect .