Posted by Stock Kingdom > 2017-08-29 22:47 | Report Abuse

Fairly good result, only concern on the net profit margin & ROE, these are on the reverse sides of the increase in revenue.

Posted by Mini Bull > 2017-08-29 23:05 | Report Abuse

gap down @@

Posted by red_85 > 2017-08-29 23:09 | Report Abuse

what a bad result...another bad news coming out, quarter report below expectation...plus right issue bad news...surely we will see it below 0.60 soon..bye bye ...guys, leave earlier..trust me...nothing will sustain the share price anymore...whoever sell late surely gonna burn a big hole in the wallet

Posted by Tan Ah Yon > 2017-08-29 23:27 | Report Abuse

operating profit margin from 9% decreased to 5%. although the revenue achieved new high for Q4, but the the cost of sale getting higher. this is the point i worry whether company sustain profitable under critical circumstance

Posted by VenFx > 2017-08-29 23:27 | Report Abuse

Posted by Stock Kingdom > Aug 29, 2017 10:47 PM | Report Abuse
Fairly good result, only concern on the net profit margin & ROE, these are on the reverse sides of the increase in revenue.

ME:
-FOREX EXCHANGE LOST FOR THE QTR HAS RESULTED A PROFIT EROSSION OF RM2.88MIL .
-TO RELOOK, USD : RM OVER THE QTR PERIOD ,HAS BEEN STRENGTHENNING FROM RM4.42-4.29 (by as much as 3%). UNTILL THEN, RM VS USD HAS FLAT AT $4.27/USD GROUND .Let's hope EG management shall have a good Natural Hedge for 2018 financial year .

i. NET PROFIT MARGIN : (after mitigating the forex errosion)
************ PCBA = 1.9%
------------ BOX-BUILT = 5.0%

ii.REVENUE BY SEGMENT ENDED 2017 FINANCIAL YEAR :
************ PCBA = 84% by $846.8mil annually
------------ BOX-BUILT = 16.0% by $161.3mil per year

Posted by Fly_universe > 2017-08-29 23:34 | Report Abuse

Just a friendly reminder. Don't look at malaysiastock.biz (reported a yoy net profit drop of 21%). Read the attached QR with restated result of Q4 2016, there is actually a yoy net profit increase of 19%.

Posted by VenFx > 2017-08-29 23:44 | Report Abuse

MY VIEW ON Q4'17 RESULT
http://www.investalks.com/forum/forum.php?mod=viewthread&tid=36774&extra=

Posted by Fly_universe > 2017-08-29 23:53 | Report Abuse

VenFx, after deep study of the QR. I would say I am satisfied with the fairly good result, and this is achieved on the deficit of 2.882 mil of forex loss.

For the PCBA profit margin, my calculation is 1.57%. This is surprisingly good for me, as it has more than tripled the PCBA profit margin of around 0.2% in the old days.

It seems that the management has managed to increase their operating efficiency even for the conventional PCBA business. If they can sustain this kind of efficiency, the increased PCBA revenue next year:

846.8 mil + 20% = 1016.16 mil.

1016.16 x 1.6% = 15.95 mil.

PCBA business alone will generate net profit of 15.95 mil, unbelievable. (of course with better forex management)

Posted by VenFx > 2017-08-30 00:54 | Report Abuse

MY FORECAST FOR - EG's 2018 TP IS {RM 1.68}

******************************************************
REVENUE BY SEGMENT :-
1.[BOX-BUILT]
a. B/F o/standing orders from 2017... = $50mil
b. New box-built secured, so far..... = $300mil
2.[PCBA]
a. $846.8x1.20times Annual Growth factor = $1016mil


NET PROFIT MARGIN BY SEGMENT :-
1.[BOX-BUILT] = 5%
2.[PCBA]......= 1.9%

THE WORKING :
* Net profit;[$50+300]mil*5% + [$1016]mil*1.9% = RM36.8mil/year
* Shares after R.i.;apprx. at 264mil shares
* Earning per share (eps); $36.8/264 = 13.94 cents
* Say, market rating EG at x12pe

SO, 'FAIR PRICE' TO (EG) equal to $0.1394 X 12pe ........= {RM1.68}

Posted by invest turtle > 2017-08-30 08:47 | Report Abuse

Price will drop today. Time to buy when low.

Posted by Cimbnet > 2017-08-30 09:28 | Report Abuse

Result is fairly good excluding forex loss. Revenue also increasing steadily. Can keep

Posted by Buns > 2017-08-30 10:02 | Report Abuse

Result good but fall? This counter damn painful, not sure how much longer I can hold on since 0.89 till now.

Posted by leslieroycarter > 2017-08-30 10:06 | Report Abuse

binggung....

Posted by Leonardo12 > 2017-08-30 10:31 | Report Abuse

Venfx...... i am crying

Posted by GOD_OF_KLSE > 2017-08-30 12:04 | Report Abuse

WHEN IS THE RIGHT ISSUE ???

Posted by Haifahitcher > 2017-08-30 14:50 | Report Abuse

The qrt results can hardly convince investors.

Posted by leslieroycarter > 2017-08-30 15:28 | Report Abuse

Yes, time will tell .....

Posted by 谢家豪 > 2017-08-30 15:30 | Report Abuse

cash in hand + FD = 33.5m only , but the current liability is 408.6m

Posted by 谢家豪 > 2017-08-30 15:33 | Report Abuse

业绩是不错，只是有点担心最近的资金周转

Posted by VenFx > 2017-08-30 17:42 | Report Abuse

SELAMAT HARI MERDEKA, MALAYSIA .

Posted by Ng Thian Hooi > 2017-08-30 18:23 | Report Abuse

Right issue Ex date 18 sept

Posted by heata > 2017-08-30 20:34 | Report Abuse

Finallly

Posted by Leonardo12 > 2017-08-30 22:45 | Report Abuse

Venfx, hows your view on carepls result today?

Posted by leslieroycarter > 2017-08-31 11:34 | Report Abuse

Wednesday, 30 Aug 2017

6:14PM EG Rights Issue 1:4
6:13PM EG Important Relevant Dates for Renounceable Rights

Tuesday, 29 Aug 2017

6:15PM EG Financial year end net profit 22.980 million (increased 34.94%)

Monday, 21 Aug 2017

5:46PM EG 20,000 units of treasury shares sold

Friday, 18 Aug 2017

7:04PM EG 139,600 units of treasury shares sold
5:36PM EG OTHERS

Thursday, 17 Aug 2017

5:40PM EG 114,400 units of treasury shares sold

Wednesday, 16 Aug 2017

5:55PM EG 30,000 units of treasury shares sold

Posted by leslieroycarter > 2017-08-31 11:36 | Report Abuse

Rights @ 95c more expensive than mother share @ 78c?

Posted by leslieroycarter > 2017-08-31 11:37 | Report Abuse

No bonus issue?

Posted by Mini Bull > 2017-08-31 22:06 | Report Abuse

Gap down again - -"

Posted by John Chang > 2017-09-01 09:49 | Report Abuse

Hi newbie here. Anyone mind to explain the right issue? Will the price be adjusted after right issue? How much?

What I'll get if i subscribe?

Posted by 778899 > 2017-09-01 13:58 | Report Abuse

Mother Share
Every 4 shares pay 0.95 cents for 1 convertible preference share & 1 free bonus issue
4 x0.780(Closing price) + $0.95(subscribe fee) = 4.07 divided by 6 shares = RM0.678 (ex-right price after everything done)

you can refer to VenFx bro previous post

Posted by red_85 > 2017-09-01 16:02 | Report Abuse

buy at below 0.6 for safety

Posted by Flying Cloud > 2017-09-01 17:36 | Report Abuse

I wonder why the top lines were very good but the bottom lines were just unable to catch up, I will look into this later

Posted by Red_Apollo > 2017-09-01 17:38 | Report Abuse

30-Aug-2017 Entitlement EG INDUSTRIES BHD declared Rights Issue - 1 : 4, the ex-dividend date on 18-Sep-2017.
http://klse.i3investor.com/servlets/forum/800001671.jsp

Posted by Red_Apollo > 2017-09-01 17:39 | Report Abuse

Why need RI? Not cheating company? Should give dividend ma if good.

Posted by Stock Kingdom > 2017-09-01 21:27 | Report Abuse

Most right issues were offered at price lower than than market share to attract investors to subscribe, rarely go above market price. EG is the special one.

The difference on EG's Right Issue exercise was the free ordinary share given to the subscribers, but this is not attractive as stock price will be adjusted accordingly, making no gain no loss situations for all investors that take up the exercise.

It will be more attractive if it is free warrants rather than bonus issue.

Posted by Stock Kingdom > 2017-09-01 21:30 | Report Abuse

On financial side, the management has to work hard for not only getting more sales, but more profits via closing more better margin sales orders.

Posted by Stock Kingdom > 2017-09-01 21:33 | Report Abuse

VenFx has been very successful in promoting this EG everywhere, but the stock price may only be moved up via better profit records & possibly improved cash flow from its operations.

Posted by Stock Kingdom > 2017-09-02 00:49 | Report Abuse

True, flyingkite, the stock price will also be adjusted accordingly for warrant.

But market may give premium for warrant upon the listing of warrant & thus having greater potential of making money for investors.

Posted by Leonardo12 > 2017-09-02 19:53 | Report Abuse

Venfx, what is your verdict for next quarter, same result, new high?

Posted by Leonardo12 > 2017-09-03 23:10 | Report Abuse

http://klse.i3investor.com/blogs/GorengGorengEE/130438.jsp
This article does not talk about EG

Posted by Leonardo12 > 2017-09-03 23:33 | Report Abuse

If i am client, why should I choose EG as my supplier while there is already VS and Skypres? VS and Skypres cannot keep up with the demand? The capex is done? Will next quarter start reflecting the production from new equipment?
Mind enlighten?

Posted by WarrenColdeye > 2017-09-04 00:55 | Report Abuse

What will happen to EG-WC price aftet right issue and bonus issue? Worth buying wc now as far as the right issue is concerned?

Posted by beso > 2017-09-04 13:56 | Report Abuse

net profit & profit margin getting lower q by q with higher debt plus dilution from cash call bonus issue and going forward preference shares interest will further reduce company profit attributable to shareholders
sell before too late

Posted by Leonardo12 > 2017-09-04 14:15 | Report Abuse

Venfx, how is the expansion? When can it be done?

Posted by Cimbnet > 2017-09-05 12:36 | Report Abuse

Right issue ex 18th, means after 18th only can buy bank draft and subscribe is it?

Posted by gai > 2017-09-05 13:40 | Report Abuse

When will receive right issue form? After 18th?

Posted by Leonardo12 > 2017-09-05 16:18 | Report Abuse

Venfx... the price everyday drop. Mr. Market don care about its prospect

Posted by VenFx > 2017-09-05 16:20 | Report Abuse

hehe ! Once things evolved,
all forces shall unite at same direction again :)

Posted by CFTrader > 2017-09-05 16:20 | Report Abuse

Stock: [EG]: EG INDUSTRIES BHD
Oct 13, 2016 03:34 PM | Report Abuse

ask them deliver profit first before talk about share price rally.

___________________________________

Another one more month will reach 1 year anniversary , still can't generate cash and asking money from shareholder.

FCF/share = negative 9.0355 cent per share...

I won't surprised if they carry out another Right Issue next year ...

Sincerely,
CFTrader

Posted by Flying Cloud > 2017-09-05 16:21 | Report Abuse

This is very interesting counter, right issue at 0.95, way above current market price 0.76

Posted by Flying Cloud > 2017-09-05 16:24 | Report Abuse

Management was very smart, sold treasury shares before it dropped further

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