Posted by DON_JUAN > 2016-05-01 20:40 | Report Abuse

HWGB moving side way >> 5 sen anytime.....

Posted by HYG > 2016-05-02 00:16 | Report Abuse

Old news about HWGB.
Ho Wah Genting to repay US dollar debts
Posted on 13 November 2015 - 05:37am
Ee Ann Nee
sunbiz@thesundaily.com

KUALA LUMPUR: Loss-making group Ho Wah Genting Bhd intends to repay its high interest debts denominated largely in US dollars as soon as possible, to reduce the debt burden that had affected the group’s bottomline.

As at Dec 31, 2014, its bank borrowings stood at RM47.52 million, with a gearing of 0.87 times.

Executive chairman Datuk William Teo Tiew (pix) said the proposals approved by shareholders at its EGM yesterday, including a par value reduction and rights issue with warrants will enable the group to recapitalise itself and lighten its debts.

The par value reduction of 15 sen of each share of 20 sen to 5 sen will result in a credit of RM92.64 million that can be used to offset the group’s accumulated losses, while the rights issue with warrants would raise RM49.5 million primarily to repay its debts.

“After the completion of the proposed exercises, based on the amount of money raised, we can pay off our borrowings, and this will allow us to look for new businesses.

“Going forward, it (losses) will be less. At least we don’t have to carry the burden of interests,” he told SunBiz.

Ho Wah Genting had been incurring losses yearly since the financial year ended Dec 31, 2011. The group is mainly involved in the manufacturing and trading of wire and cable, and moulded power supply cord sets. It is also in the tin mining, travel services and direct selling businesses.

About 97.81% of the group’s revenue is derived from the wire and cable business, with the US being the biggest market.
Teo reiterated that the group is in discussions to sell its loss-making non-core business.

Besides undertaking measures to improve performance in its primary segments as well as the repayment of debts, the group is also actively seeking new business opportunities of growth to further address the group’s financial concerns as well as to diversify into business opportunities of growth to reduce the group’s dependency on the manufacturing of moulded power supply cord sets and wire and cables.

“We’re looking for new ventures that can give us cashflow, can sustain and with a recurring income nature,” said Teo, but added that it is yet to identify any new ventures.

- See more at: http://m.thesundaily.my/node/337720#sthash.vP8xZsVa.dpuf

Posted by HYG > 2016-05-03 07:38 | Report Abuse

Please wait and the company will become profitable company soon.

Posted by DON_JUAN > 2016-05-03 10:11 | Report Abuse

sideways & NO HOPE !
5 SEN for sure !

Posted by Superb99 > 2016-05-03 10:38 | Report Abuse

zombie counter, bila mahu goreng???

Posted by HYG > 2016-05-03 12:49 | Report Abuse

Hope soon.

Posted by kinfatt999 > 2016-05-04 20:10 | Report Abuse

hwgb boss crying, this company give you all make until die

Posted by kinfatt999 > 2016-05-04 20:10 | Report Abuse

every sell,sell,sell

Posted by DRwarrant > 2016-05-05 04:31 | Report Abuse

Kinfat999....WHY SELL....selll ? ,,HWGB BOSS CRYINGGG ? ..., any bad news ?? disaster ?
arggghhhhhhh !

Posted by kinfatt999 > 2016-05-05 08:03 | Report Abuse

no hope d, sell la

Posted by si3nz > 2016-05-06 14:23 | Report Abuse

they just secure a deal...woohoooo

Posted by HYG > 2016-05-06 22:07 | Report Abuse

The director plan to sell out unprofitable business and only care for core business.

Posted by HYG > 2016-05-11 23:11 | Report Abuse

The Company is in discussion on the possible disposal of non-core businesses which are loss making. The terms of the possible disposal has yet to be finalized.

Posted by HYG > 2016-05-11 23:12 | Report Abuse

Wait for the announcement.

Posted by HYG > 2016-05-13 22:45 | Report Abuse

HWGB (9601) - 擴大收入來源 豪華雲頂進軍原產品貿易

May 08, 2015, 8:50:37 PM
　
（吉隆坡8日訊）主要業務涉及製造電線和電纜的豪華雲頂（HWGB，9601，主要板工業），通過進軍原產品貿易領域，希望多元化業務及擴大收入來源。

豪華雲頂董事經理兼總執行長拿督林偉雄說，公司通過與新加坡金屬與礦物（Singapore Metals & Minerals ）私人有限公司的合作，將向后者取得資源供應，然后公司將銷售給最終客戶，從而進軍原產品貿易業務。

“公司除了主要涉及電線和電纜製造業，也從事礦業、綠色科技及旅遊業。通過進軍原產品貿易業務，可擴大收入來源。”

他今日在合約簽署儀式結束后指出；列席者包括豪華雲頂總裁拿督林輝汶、執行主席拿督張，及新加坡金屬與礦物私人有限公司執行董事巨海軍。

林偉雄說，新加坡金屬與礦物在中國的廠房，產能最高達15萬公噸硅鐵（Ferro Silicon）。但在該合約下的首個階段，豪華雲頂只向前者簽購2萬5000公噸硅鐵，然后計劃出口至多個國家，包括日本、歐洲、拉丁美洲及西亞。

“公司已開始和潛在客戶洽談，但還沒落實任何協議，故不便透露潛在客戶的詳情。這是個具龐大需求的市場，只要是鋼鐵公司都需要有色金屬。”

針對有色金屬（ ferrous）目前市價來說，林偉雄認為，將介于每公噸1100美元至1300美元（約3598令吉至4678令吉）之間。

至于該合約下的第二和第三階段，巨海軍說，不排除供應非有色金屬（non ferrous）和基本金屬礦物給豪華雲頂。- 中国报财经,




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Posted by HYG > 2016-05-16 23:34 | Report Abuse

Don't need to run, please be patient.

Posted by DON_JUAN > 2016-05-17 10:23 | Report Abuse

RUNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

Posted by DRwarrant > 2016-05-18 10:05 | Report Abuse

COMINGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG $$$$$

Posted by HYG > 2016-05-18 21:30 | Report Abuse

Slow and steady. Please be patient.

Posted by DRwarrant > 2016-05-19 07:09 | Report Abuse

OPTIMIST !.....IT'S TODAY $$$$$$$

Posted by HYG > 2016-05-19 16:14 | Report Abuse

Please be patient.

Posted by HYG > 2016-05-19 16:15 | Report Abuse

Any good news for coming AGM!

Posted by HYG > 2016-05-20 07:41 | Report Abuse

6).要有耐心等待

　　如果你在股市里换手，那么可能错失良机。巴菲特的原则是：不要频频换手，直到有好的投资对象才出手。

Posted by HYG > 2016-05-21 23:16 | Report Abuse

Teo also revealed that the company had been in talks with potential mainland Chinese investors who want to acquire strategic shareholding stakes.

“These talks are not firmed up yet as we are talking to a few parties. We would like to also diversify our income stream,” Teo said.

“We will give more information to the market when we are ready to disclose it,” he added.

The company said that the lower revenue in FY15 was mainly weighed by the lower sales in moulded power supply cord sets division in Indonesia despite a favourable currency conversion effect from the US dollar to the ringgit.

Revenue was balanced by tin-mining operations as well as additional revenue from of the travel services and direct sales division.

“The United States is our biggest market and contributes about 80% of our group revenues. The extent of the economic recovery, political and government developments there may have a favourable effect to the sale of moulded power supply cord sets,” Teo said, adding that the company supplied to US retailers such as Walmart and Kmart.

The company’s second-largest market, Malaysia, had been affected by slow demand of housing wires due to fewer launches of new property projects.

Posted by HYG > 2016-05-21 23:28 | Report Abuse

Company executives chairman Teo say on the press on Feb 2016.

Posted by HYG > 2016-05-21 23:30 | Report Abuse

If the mainland investor acquire success then the price will move high.

Posted by HYG > 2016-05-24 07:49 | Report Abuse

Any new for coming AGM!

Posted by richman > 2016-05-25 10:09 | Report Abuse

turn now to goring kaw kaw today got signs of engine starting buy the Warrants ex price 8 cts expiry 2021.expect another palette in the making

Posted by richman > 2016-05-25 10:11 | Report Abuse

why I say it might move today .they sapu the mum 6cts at 9am itself and the warrants too went wholesale at 2.5cts

Posted by richman > 2016-05-25 10:12 | Report Abuse

probability of it moving today is above 90% and warrants may just test 4 cts and mum maybe 8cts

Posted by yukchian > 2016-05-25 10:13 | Report Abuse

coming!

Posted by richman > 2016-05-25 10:15 | Report Abuse

yes it has no where to go but UP

Posted by richman > 2016-05-25 10:16 | Report Abuse

warrants dirt cheap at 2.5cts and bought big today

Posted by richman > 2016-05-25 11:00 | Report Abuse

collection of warrants taking place

Posted by richman > 2016-05-25 11:00 | Report Abuse

sure up buy and hold

Posted by HYG > 2016-05-25 11:18 | Report Abuse

Yes, the price will move up for mother and WD.

Posted by Investlahhh > 2016-05-26 08:17 | Report Abuse

Volume not very impressive ler

Posted by richman > 2016-05-26 09:35 | Report Abuse

strong buy call for contra players no risk no gain but the timing now think is just right.my last prediction on XOX was right

Posted by richman > 2016-05-26 10:19 | Report Abuse

many finding out who the sellers are and if it is a brokerage of the big boys anytime UP

Posted by richman > 2016-05-26 10:20 | Report Abuse

Q WD at 2.5cts no regrets friends

Posted by richman > 2016-05-26 10:31 | Report Abuse

lim this is not forex forum can you please get lost

Posted by Angielim9955 > 2016-05-26 20:34 | Report Abuse

wow, today price still tahan at 0.06 to 0.065. anything new goods

Posted by HYG > 2016-05-27 07:59 | Report Abuse

Please be patient, the financial results as per expected. The company will aim to turn profitable company by end year. Once the main land investor acquire then the price will go highest.

Posted by richman > 2016-05-27 10:55 | Report Abuse

demand for warrants at 2.5cts very good ;indicator that they are bullish on the mum

Posted by DRwarrant > 2016-05-30 14:40 | Report Abuse

down again ..cehhhhh !

Posted by HYG > 2016-05-30 16:08 | Report Abuse

Down due to market not good, need to be patient.

Posted by MamakKutty > 2016-05-30 17:40 | Report Abuse

many already icu patient...kikiki

Posted by HYG > 2016-05-31 00:42 | Report Abuse

The company aim to turn to profit by end of this year.
Keep and hold. Sure will fly

Posted by richman > 2016-06-03 15:56 | Report Abuse

DON arsehole can you disappear from this forum forever

Posted by HYG > 2016-06-04 01:13 | Report Abuse

Why DON always give the same statement!
How can I get 5cent!!!!!