Posted by backspace > 2015-12-10 09:11 | Report Abuse

they sell non core asset to take the gain and pay back borrowings, save interests, and lower the company's gearing.

which is a good move for long term. please read the full announcement.

Posted by babypost > 2015-12-10 09:13 | Report Abuse

up up up !

Posted by Aero1 > 2015-12-10 10:19 | Report Abuse

Gain RM0.77 sen per share!
Is this right?

Posted by Aero1 > 2015-12-10 10:20 | Report Abuse

This deal is not significant but is good in term of allocating its resources to best use.

Posted by Aero1 > 2015-12-10 10:23 | Report Abuse

Oh .. it is right only 0.77 sen per share.

Posted by backspace > 2015-12-10 10:23 | Report Abuse

from the report:

RATIONALE OF THE LAND DISPOSALS
The Land Disposals is part of EG on-going restructuring exercises to dispose non-core assets in order to focus the resources on its core Electronic Manufacturing Services (EMS) business. The Land Disposals would also enable EG to strengthen its balance sheet and improve its gearing.

The gross proceeds of RM8.5 million arising from the Land Disposals would be utilised by EG
mainly for repayment of bank borrowings with estimated interest savings of RM425,000.00 at an
annual interest rate of 5%.

Posted by backspace > 2015-12-10 10:29 | Report Abuse

Net gearing ratio
before land disposal:1.22
after land disposal: 0.73

low gearing = better

DEFINITION of 'Gearing Ratio'
A general term describing a financial ratio that compares some form of owner's equity (or capital) to borrowed funds. Gearing is a measure of financial leverage, demonstrating the degree to which a firm's activities are funded by owner's funds versus creditor's funds.

Read more: Gearing Ratio Definition | Investopedia http://www.investopedia.com/terms/g/gearingratio.asp#ixzz3tsgvpHUX

Posted by PlsGiveBonus > 2015-12-10 11:01 | Report Abuse

The gross proceeds of RM8.5 million arising from the Land Disposals would be utilised by EG mainly for repayment of bank borrowings with estimated interest savings of RM425,000.00 at an annual interest rate of 5%.
425000 for 5%
1. Their borrowing is only approximate 8.5m?
2. How much money can the SMTT generate in one year, less than 5% ?
3. If the SMTT can generate 7-10%, I think saving a 5% interest isn't a good decision

Posted by PlsGiveBonus > 2015-12-10 11:08 | Report Abuse

Refer to the latest interim
Long term borrowing of 190m
Short term of 28m
They prefer to reduce the renevue and improve in profit margin
I think it is the best thing to do in a poor market demand for electronic

Posted by backspace > 2015-12-10 11:11 | Report Abuse

they not selling the subsidiary: SMTT la..they selling the land and buildings account under SMTT.

Posted by kentrade888 > 2015-12-10 17:01 | Report Abuse

http://www.sharetisfy.com/2015/12/eg-8907-eg-eg2vs.html

Posted by Ven Felix > 2015-12-10 17:49 | Report Abuse

Hahaha, lots of fan of Eg. So, rich woth info ; GRABS IT and think simple will prevail u unnecessary temptation. This is a winner counter dont sell , juz hold.

Posted by chonghoo81 > 2015-12-10 17:54 | Report Abuse

Ven Felix got any target price?

Posted by force > 2015-12-10 18:03 | Report Abuse

What happened this counter keep bomb bomb... can adjust a bit ... then I can got chance to join...

Posted by Ven Felix > 2015-12-10 19:23 | Report Abuse

Hi! Chonghoo81 , d only reason to sell is only d chart give me the advantages to sell; But, not necessarily I'm always right. So, all I can say is The uptrending still persistent . Sorry for not giving u the direct answer. Coz it changing every tradubg sessions. And believe me, I'm not enjoy it that way.

Posted by Ven Felix > 2015-12-10 19:24 | Report Abuse

Beware of what u wish for Eg, it might happen to test $2.00 .

Posted by Pakcik Saham > 2015-12-10 19:25 | Report Abuse

iam not TA expert, but congratulation D7zul your 2nd target price..For FA this counter strong. .. for long term unless the net profit for next quarter loss
The institution fund also invest this company (refer the 30 large stock holder)
EV/EBITDA
0.76 Todate <8 (can fly high)
Graham Number =RM3.13 < Curent price
MOF from graham number 66%
ROA =14%
Problem high gearing or Debt /equity ratio 1.40

Posted by Ven Felix > 2015-12-10 19:27 | Report Abuse

Any of u here get a touch with Rolex ? Its accumulation stage rite now. buy bfor it break $0.68 ; why vol. Come Rolex becoming of precious .

Posted by D7zul > 2015-12-10 20:01 | Report Abuse

Congratulations shareholders, your counter is in the Top Gainers List today (10dec15)

Posted by D7zul > 2015-12-10 20:02 | Report Abuse

Thanx Pakcik Saham, All my TP is at minor resistance.. if price can't break above it, it'll become a stronger resistance

Posted by Ven Felix > 2015-12-10 21:31 | Report Abuse

On Ta application D7zul did a very persistence work and he is very focus. So, juz take his sharing instead doing it my self. Hehe thx for your unselfish sharing.

Posted by Pakcik Saham > 2015-12-10 21:51 | Report Abuse

D7zul... Thanks for sharing info on TA

Posted by kahfai211 > 2015-12-10 22:07 | Report Abuse

what is the tp for EG?

Posted by Sapphire > 2015-12-10 22:28 | Report Abuse

gogogogo up up up....1.50 plssssss

Posted by force > 2015-12-11 08:22 | Report Abuse

This counter everyday boom, dont know when will adjust

Posted by Jeff Lee > 2015-12-11 09:08 | Report Abuse

flying!

Posted by D7zul > 2015-12-11 09:33 | Report Abuse

Thanx, Ven Felix

Posted by D7zul > 2015-12-11 09:35 | Report Abuse

No prob, Pakcik Saham =)

Posted by alphajack > 2015-12-11 10:16 | Report Abuse

1.20 by end of the year

Posted by sklyte > 2015-12-11 11:07 | Report Abuse

check out shareholder list - CIMB small cap - maybe they will become substantial shareholder?

other counters hold by CIMB substantial I noticed - sedania (not yet move), success (moved like a nigga from RM1.30 to RM2.30 in 2 months), latest ktc jugak masuk substantial

???

Posted by wunan > 2015-12-11 11:11 | Report Abuse

sklyte where to check the shareholder list?

Posted by alphajack > 2015-12-11 14:09 | Report Abuse

Eg will be like Success soon...1.50 in a few months

Posted by Ven Felix > 2015-12-11 14:28 | Report Abuse

Rolex raise the bid .

Posted by force > 2015-12-11 14:47 | Report Abuse

Flying again

Posted by red_85 > 2015-12-11 14:51 | Report Abuse

no la..overvalued jor ...time for profit taking and correction

Posted by alphajack > 2015-12-11 15:12 | Report Abuse

hahaha last time I also black hearted like you red_85..go to hevea forum and shout overvalued jor at 1.10-1.15..see hevea now 1.60

Look at the biz and ask yourself this why does eg deserve anything below 1.20 when success transformers is over RM2? :)

Posted by alphajack > 2015-12-11 15:14 | Report Abuse

Ah Koon inside this stock also, heard he keeping until RM2, may take a year. Me 1.50 happy jor kekekekeke

Posted by 1155023541 > 2015-12-11 16:44 | Report Abuse

i all in Hevea when 0.9 last few month and sell at 1.5. Now all in EG. thanks for who sell to me below1. Surely 1.2 before Chinese new year.

Posted by 1155023541 > 2015-12-11 16:45 | Report Abuse

cold eye and uncle koon buy this stock together okay!

Posted by kimandsu > 2015-12-11 18:44 | Report Abuse

Im extremely worry, Next week US生息will have big impact to this stock....

Posted by Ven Felix > 2015-12-11 19:07 | Report Abuse

Sama2 Ong ah huat la ...no sign of exhausted yet. Bull take control.

Posted by 1155023541 > 2015-12-11 23:25 | Report Abuse

FED will make ringgit fall like no tomorow then this stock got tomorow

Posted by Jimmy Tham > 2015-12-11 23:25 | Report Abuse

How did you know cold eye & uncle koon had bought EG? Where can I find cold eye & uncle koon's news?

Posted by Sapphire > 2015-12-11 23:30 | Report Abuse

that's her spouse told me they bought...!!!!joking...

Posted by Sapphire > 2015-12-11 23:43 | Report Abuse

must buy keep 2 year become rm3.

Posted by Sapphire > 2015-12-11 23:44 | Report Abuse

2018 become rm3.. u dun listen later fly like liihen pohuat...

Posted by 1155023541 > 2015-12-11 23:49 | Report Abuse

pls check annual report Nov

Posted by honey > 2015-12-12 10:34 | Report Abuse

just ask for advice, DJ -309 . would EG got big impact on Monday?

Posted by qwerty > 2015-12-12 15:21 | Report Abuse

Likely sideway trading

Posted by Jimmy Tham > 2015-12-12 18:01 | Report Abuse

Thanks