Posted by hornbill > 2020-11-12 13:17 | Report Abuse

CPO price break rm3300..more good news to Danco all eyes waiting Q3 result.

Posted by FundaStronk > 2020-11-17 21:05 | Report Abuse

are you ready for the QR? i am.

Posted by LeftHand_of_God > 2020-11-23 17:34 | Report Abuse

QR out - https://malaysiastock.biz/Company-Announcement.aspx?id=1275640

Posted by LeftHand_of_God > 2020-11-23 17:34 | Report Abuse

Record profit and revenue.

Posted by LiimInvest > 2020-11-23 17:43 | Report Abuse

Not bad not badc

Posted by probability > 2020-11-23 19:04 | Report Abuse

Fantastic results... a gem yet to be discovered. Wonder can limit up?

Posted by amateurJR > 2020-11-23 19:05 | Report Abuse

Might retrace tomorro

Posted by hornbill > 2020-11-23 19:30 | Report Abuse

MTL result not fully calculated in Q3 yet 4Q will be more suprise. This quarter profit mainly from Trading division CPO price now is hit 8 years high.

Posted by LeftHand_of_God > 2020-11-23 19:49 | Report Abuse

its also not inclusive of the contract won earlier

Posted by LiimInvest > 2020-11-23 23:55 | Report Abuse

Hornbill n Lefthand both are right: will calculated start from coming Q

1) The acquisition of MTL was sealed in early August and will be contributing to the profits of the Dancomech group.
“The full impact of this will be reflected in the ****coming quarter *****and the quarters ahead

2) its 55%-owned subsidiary, Arah Edar (M) Sdn Bhd, accepted the letter of acceptance from SH Design & Build Pte Ltd for the project.Damcomech lands Jurong Port project.

Posted by LiimInvest > 2020-11-24 00:02 | Report Abuse

Will accumulating more

Posted by anarchysons > 2020-11-24 08:12 | Report Abuse

DANCOMECH - Wows the market with BEST EVER results in Q3

The Company posted record-high quarterly revenue and net profit in Q3 ended Sept 30, despite CMCO and economic slowdown.

Revenue jumped 121% to RM36.71mil, while net profit jumped 61.38% to RM5.65mil.

The strong results were helped by Dancomech's 70%-owned subsidiary MTL Engineering, which was acquired in August.

With the 70% stake in MTL, Dancomech should be able to recognize about RM3mil to RM4mil in net earnings per year.

Based on this new acquisition, Dancomech could deliver some RM18mil in earnings next year.

At that earnings, Dancomech is only trading at a PE of 10.5 times at Monday's closing price of 61.5 sen.

That's pretty undervalued considering that Dancomech is a net cash company with cash of RM32.85mil as of Sep 30, 2020.

At 15x PE, it would trade at 88.5sen. (41.6% upside)

At 20x PE, it would trade at RM1.18. (88.8% upside)

Dancomech also has a 30% dividend payout ratio policy and pays dividends twice a year.

This means the next dividend should be coming in the NEXT QUARTER.

Read more here:

https://klse.i3investor.com/blogs/anarchysons/2020-11-23-story-h1536581017-DANCOMECH_Wows_the_market_with_BEST_EVER_results_in_Q3.jsp

Posted by Bullbursa > 2020-11-24 09:53 | Report Abuse

Buy warrant disc

Posted by LeftHand_of_God > 2020-11-24 10:08 | Report Abuse

yup warrant now -3.7% discount

Posted by Bullbursa > 2020-11-24 11:20 | Report Abuse

If mother .70

warrant should be .40

Posted by lks1118 > 2020-11-24 11:30 | Report Abuse

Dancomech:- https://youtu.be/BqAoYiVc0ko

With a stock name of Danco and stock code of 5276, Dancomech is involved in the trading and distribution of process control equipment, measurement instruments and industrial pump. They also manufacture industrial pumps, and provide material handling system solutions.

Their customers are mainly from palm oil and oleochemicals, oil and gas, water and wastewater industries. Currently, they are the market leader in the valve business and its gross profit margin is quite attractive at about 35%.

Financials wise, the company registered a revenue of RM80.87 million with a profit after tax of RM15 million for the financial year ended 31 December 2019.

About 70% to 80% of the Group’s revenue comes from domestic market and the remaining comes from overseas markets, especially Indonesia. With RM40mil cash to play with, the company is said to be on a shopping spree for the right assets.

It is important to note that Danco has a dividend pay-out policy of up to 30% of its profit. For FY2019, it paid a total dividend of 1.75 sen per ordinary share, which represents a pay-out ratio of 37.3%.

Posted by lks1118 > 2020-11-24 11:31 | Report Abuse

Dancomech Malay Video: https://youtu.be/UZqXVtNTTYI

Dancomech Chinese Video: https://youtu.be/eE0wk1re0kQ

Posted by hornbill > 2020-11-24 12:29 | Report Abuse

Short term looking good 80 sen

Posted by Kaching > 2020-11-24 12:53 | Report Abuse

希望。。这个是我portfolio 里唯一青色的

Posted by hornbill > 2020-11-24 13:25 | Report Abuse

Put money in this counter is safe as FD.

Posted by Bullbursa > 2020-11-24 16:20 | Report Abuse

Warrant deeply disc

Posted by LeftHand_of_God > 2020-11-24 17:12 | Report Abuse

Finally, first time since 2017 DANCO close above 70sen!

Posted by hornbill > 2020-11-24 17:36 | Report Abuse

Handsome close today those invest earlier bear fruit.

Posted by Doushan > 2020-11-24 21:28 | Report Abuse

awhhh yeaa Resistance 0.68 has been broken !!!

Posted by fullblack28 > 2020-11-24 21:57 | Report Abuse

well3... those who waited at this counter long enough... finally... our days have come

Posted by GreatWarrants > 2020-11-24 22:07 | Report Abuse

DANCO - WA HUGE DISCOUNT !
Do take note as valuations are attractive at these price levels.

Posted by Bullbursa > 2020-11-25 09:15 | Report Abuse

Mother share undervalue, warrant huge disc. Buy warrant...

Posted by LeftHand_of_God > 2020-11-25 09:25 | Report Abuse

Unrelated news: Pakistan approves Chemical Castration for Rapists.

I just want to say.. Although they deserves it but.. as a man.. ouch..

Posted by hornbill > 2020-11-26 16:06 | Report Abuse

Budget just pass in parliament engine will stat soon.

Posted by bearcomebullgone > 2020-11-27 23:38 | Report Abuse

apa ni cilaka blm naik ke?????

Posted by bearcomebullgone > 2020-11-30 11:38 | Report Abuse

sape nakk main game???? msuk danco bli jee... target 500 continue buying

Posted by LeftHand_of_God > 2020-11-30 11:55 | Report Abuse

which asshole sell at 11:52:17am @ 300 lot ur mum is green

Posted by LeftHand_of_God > 2020-11-30 14:52 | Report Abuse

which asshole sell at 2:50:47pm @ 1000/653 lot ur mum is green

Posted by hornbill > 2020-11-30 16:29 | Report Abuse

Big guys start accumulate the share..

Posted by LeftHand_of_God > 2020-12-01 14:57 | Report Abuse

I shall be waiting for my TP at 0.84, until then, see you when it hits 0.8. Please don't PM me for when to buy or sell lol, I am not my sifu I only follow my own estimation based on sifu's teachings. Good luck ~

Posted by foreverchung > 2020-12-02 16:00 | Report Abuse

UK becomes first country in the world to approve widespread Vaccine use for Pfizer.

https://www.bbc.com/news/health-55145696

Posted by probability > 2020-12-03 11:46 | Report Abuse

UWC PE 64......danco can be like that too one day


Dancomech gears up for expansion

https://www.thestar.com.my/business/business-news/2020/09/05/dancomech-gears-up-for-expansion


its newest acquisition, MTL Engineering Sdn Bhd – completed just last month – has allowed it to go into metal fabrication, metal stamping, tool and die making.

Posted by probability > 2020-12-03 11:48 | Report Abuse

https://www.mtl.com.my/

https://www.uwcberhad.com.my/our-services/

Posted by probability > 2020-12-03 11:52 | Report Abuse

From Nomura - UWC

Current order book stands at ~MYR100mn
UWC hosted an earnings call today for 1QFY21 results. Revenue of MYR71.5mn was up
52% y-y and 16% q-q due to strong demand in the semiconductor segment and
expansion in the life science segment. Higher revenue, cost efficiencies and better
product mix helped core profit rise 94% y-y and 16% q-q to MYR21.7mn. Management
highlighted that its current order book stands at ~MYR100mn (~MYR70mn last quarter).

New product launches and capacity expansion on track to handle strong demand
Management ordered 50 CNC (computer numerical control) machines, which are
expected to arrive by 1QCY21. Its cleanroom facility, to be used for front-end
semiconductor equipment assembly, will be completed by Jan-2021. To accommodate
these, the company has converted 20-25k sqft of new production space in its current
facility while leasing another 2 acres near the factory to build ~60k sqft production space
(to be ready by mid-2021). This increase in capacity is intended to support growth under
its revenue run-rate given its record high order book of MYR100mn. On the
semiconductor segment, UWC will start supplying autonomous vehicle chip testers in
1QCY21, while it is also developing a new manipulator model with its existing customer. It
has also developed new 5G radio frequency testers, currently being qualified at the
customer’s site. As for the front-end semiconductor segment, management expects
revenue to pick up (8% of 1QFY21 revenue) upon completion of its cleanroom facility. It is
also looking to venture into DRAM testers by engaging with potential customers. In life
science segment, the group has secured orders on COVID-19 testers and is now working
on the assembly of DNA analyzer with one of its customers. 1QFY21 effective tax rate
was 24%. Management believes there is room for a <20% tax rate as the company is
applying for tax incentives for some of its products. Overall, given the strong order book,
demand outlook and capacity growth, we raise FY21F-22F EPS by 17% each.

Upgrade to Buy with TP raised 50% to MYR10 (26% upside)
In addition to EPS revision, we also raise the target CY2021F P/E to 45x (35x earlier) to
factor in UWC’s strong growth outlook with EPS CAGR of ~44% for FY20-23F. With an
upside of 26%, we upgrade the stock to Buy (from Neutral). It currently trades at 36x
CY2021F P/E. Key risks include prolonged impact of COVID-19 outbreak, change in USChina trade relations, slowdown in key customers’ business, and competition.

Posted by Doushan > 2020-12-06 20:24 | Report Abuse

please sell guys i gotta add my position

Posted by hornbill > 2020-12-07 13:13 | Report Abuse

Oil price close to usd50, CPO price hit rm3300.. both oil price surge sure will benefit danco.

Posted by Sailangking > 2020-12-07 16:49 | Report Abuse

apa la danco..

Posted by FundaStronk > 2020-12-09 13:52 | Report Abuse

its buy time again thx guys

Posted by Sailangking > 2020-12-10 12:07 | Report Abuse

sleeping

Posted by FundaStronk > 2020-12-16 11:48 | Report Abuse

go back to sleep

Posted by RainT > 2020-12-22 11:51 | Report Abuse

why frm uptrend now become down trend ?

qtr result is good but why down trend ?

who is selling DANCO cheap?

Posted by RainT > 2020-12-22 11:55 | Report Abuse

MTL metal stamping just start to recognise in qtr result recently

just start only.. coming qtr shall be better more

Posted by LeftHand_of_God > 2020-12-22 16:06 | Report Abuse

wui dun play.. let them sell lol.. sell lower abit first

Posted by andr > 2020-12-23 20:52 | Report Abuse

BBB

Posted by foreverchung > 2020-12-24 00:57 | Report Abuse

Big amount of warrants converted to mother share.

Could it indicate a bumper dividend incoming?
Could it indicate a bonus issue incoming?
Could it indicate a share split incoming?
Could it be nothing / good / bad?

Only time will tell.