Posted by EatCoconutCanWin > 2024-03-29 15:08 | Report Abuse

Buy in 0.280.. is time back to 50sen

Posted by Stock4Real > 2024-04-01 19:10 | Report Abuse

bottoming up now

Posted by N4rc0t > 2 months ago | Report Abuse

business is good before raya

Posted by Profit101 > 2 months ago | Report Abuse

Longway to go b4 50 sen

Posted by Dividend4You > 2 months ago | Report Abuse

support steady now...

Posted by Hoot9ee > 2 months ago | Report Abuse

Time to go back 0.50

Posted by Coleman77 > 2 months ago | Report Abuse

Business good during raya?

Posted by Profit101 > 2 months ago | Report Abuse

25sen coming

Posted by EatCoconutCanWin > 2 months ago | Report Abuse

Gogo buy 0.29

Posted by AlanToast > 2 months ago | Report Abuse

buy below 0.29

Posted by Coleman77 > 2 months ago | Report Abuse

25 sen is coming, why buy now

Posted by goody99 > 2 months ago | Report Abuse

There was an announcement on March 6th, 2024:

Reference is made to the announcement dated 22 December 2023 whereby M&A Securities had on behalf of the Company, announced that the additional listing application for the Proposals and the draft circular to shareholders in relation to the Proposals have been submitted to Bursa Securities for approval on the even date (“Listing Application”).

On behalf of the Board, M&A Securities wishes to announce that the Company has submitted an application to Bursa Securities for the withdrawal of the Listing Application (“Withdrawal Application”).

The decision of the Board was made in order to review the structure of the Proposed Acquisition (and consequently the Proposed Variation). The Board shall make the necessary announcement on the revised proposal in due course.

hope they will review and lower the acquisition price...

Posted by AlanToast > 2 months ago | Report Abuse

Ok i wait 0.25

Posted by lonelybunney > 2 months ago | Report Abuse

doctor opening more & more clinic, business is good!

Posted by sonyx123 > 2 months ago | Report Abuse

share price dropping and dropping. chong better don't do biz

Posted by goody99 > 2 months ago | Report Abuse

I just read the press release on April 18th.

In 2024, DC Healthcare has expanded its reach by opening four Dr. Chong Clinics located in
- Taman Molek (Johor Bahru) opened in 2024 February
- Bandar Seri Botani (Ipoh) opened in 2024 February
- Auto City (Pulau Pinang) opened in 2024 February
- Publika (Kuala Lumpur) opened in 2024 April

as well as four DC Body outlets in
- Auto City (Pulau Pinang) opened in 2024 February
- USJ Taipan (Selangor) opened in 2024 March
- Publika (Kuala Lumpur) opened in 2024 April
- Bukit Indah (Johor Bahru) opened in 2024 April

With these latest additions, DC Healthcare now operates a total of 17 medical aesthetic clinics and 4 DC Body outlets nationwide

Posted by goody99 > 2 months ago | Report Abuse

The annual report was out on April 30th, 2024.

Regarding expansion, management noted that:

Opening new clinics generally entails significant initial costs, such as leasing of properties, obtaining medical equipment, recruiting, hiring, training of medical and support staff. Such initial set up costs for new clinics can be a considerable expense before these facilities reach their full operating potential. These expenditures contribute to the challenge of achieving optimal financial performance until the new facilities reach full operational capacity.

... Additionally, the launch of new clinics necessitates robust marketing campaigns to establish a presence in new markets, impacting short-term financial performance. It’s important to note that new clinics may require time to attain the patient volume needed for optimal financial outcomes, leading to thinner margins during the initial phase.

Posted by kritikos > 2 months ago | Report Abuse

still 28 sen ............ neck long dy.

Posted by fortunefire > 1 month ago | Report Abuse

delisting soon?

Posted by Thealanor > 1 month ago | Report Abuse

new clinic are still opening, how to delist

Posted by Stock4Real > 1 month ago | Report Abuse

Doctor eating good lately

Posted by Birdie > 1 month ago | Report Abuse

10 cents?

Posted by Thealanor > 1 month ago | Report Abuse

20 sen at most

Posted by G-boy > 1 month ago | Report Abuse

this stock will drop to 100m market cap...

Posted by fortunefire > 1 month ago | Report Abuse

so did the company utilize 70mil from the reserve to acquire the 2 small clinics?

Posted by Jettson8 > 1 month ago | Report Abuse

Get ready for the rally when its Q1 results are announced. Capture the coming rally at current cheap prices 😉

Posted by fortunefire > 1 month ago | Report Abuse

waiting at 0.19

Posted by MULTIEVER > 1 month ago | Report Abuse

call ambulance for Dr Chong!

Posted by fortunefire > 1 month ago | Report Abuse

can tabao already. adjust tp to 0.0x

Posted by Abram66 > 1 month ago | Report Abuse

There's a change of revenue recognition from 3 months to 12 months btw ...

Posted by ksyewks > 1 month ago | Report Abuse

Dr Chong become Dr Con, spending money on all useless acquisition and revenue drop by almost 50%, exit while its not too late

Posted by Jettson8 > 1 month ago | Report Abuse

Ouch.... Thought it would be good ... let's see how it goes when the market is open later

Posted by Jassie26 > 1 month ago | Report Abuse

I love Dr Chong, after TP , now when people sell off, then is my time to buy it back.

Posted by goody99 > 1 month ago | Report Abuse

revenue was down 44% , "mainly due to the lower redemption rate in aesthetic services."

not sure what it means... totally unexpected

Posted by goody99 > 1 month ago | Report Abuse

profit was expected to be lower because of the costs of new outlets and marketing cost. Anyway, revenue was down 44%, now that's a different story. It's horrible!

Posted by fortunefire > 1 month ago | Report Abuse

ipo prospectus shows past results were profitable. Now seems they face challenges in making profits after ipo....

Posted by Jassie26 > 1 month ago | Report Abuse

The change of revenue recognition from 3 months to 12 months is simply a matter of time and a different point of view, as most of the stock will also not instantly reflect the result.

Posted by ATmexys02 > 1 month ago | Report Abuse

Seems like 0.22 is the bottom price.. 2nd half of the year business should slowly improve

Posted by EatCoconutCanWin > 1 month ago | Report Abuse

Good result. Should add on

Posted by mudaBubu > 1 month ago | Report Abuse

They sell aesthetic products in packages. The low redemption rate indicates that people have purchased the packages but have not yet used them. They can only recognize revenue when the customer redeems the package.

Posted by MULTIEVER > 1 month ago | Report Abuse

@mudaBubu
then where do you check those un-recognize revenue in the report? if not hard convince us as the revenue slump 50%~ which is terrifying

Posted by goody99 > 1 month ago | Report Abuse

@mudaBubu
is there a way to find out the amount of money customers brought in in the previous quarter (3 months):
amount of money customers brought in and redeemed
amount of money customers brought in and not yet redeemed

we can add these 2 figures to know the amount of money customers brought in

or is there any figure that will help us to know how much revenue (recognized and unrecognized) is generated in previous 3 months.

Thank you in advance!

Posted by fortunefire > 1 month ago | Report Abuse

why can't the company recognize the revenue from the product packages paid by the customers where the amount of money paid is not refundable?

Posted by Hatiharihari > 1 month ago | Report Abuse

It's due to Malaysian Financial Reporting Standards, fortunefire. Under this MFRS, revenue can only be recognized when clients redeem their services.

Posted by goody99 > 1 month ago | Report Abuse

There is a blog explaining the unrecognized revenue

The Truth Behind DC Healthcare Results!!
https://klse.i3investor.com/web/blog/detail/faizaleyes/2024-05-27-story-h-160716431-The_Truth_Behind_DC_Healthcare_Results

Contract liabilities

There are 2 Contract liabilities figures in quarterly report. The figure 9,591(000) in the balance sheet as at 31.03.2024 must have included unrecognized revenue in the last quarter and also quarters before that.
as at 31.12.2023 3,709 (000)
as at 31.03.2024 9,591(000)
there is an increase of 5882 (000) from Q4FY2023 to Q1FY2024

This Contract liabilities figure of 5,882 (000) found in the cash flow statement for the first quarter ended 31.03.2024 is the unrecognized revenue generated in the last quarter ALONE.

for Q1FY2024:
total sales = revenue 9,454 (000) + Contract liabilities 5,882 (000) = 15336 (000)

not too bad. This figure is lower than last year Q1FY2023

for Q1FY2023
total sales = revenue 16,811 (000) + Contract liabilities 68 (000) = 16879 (000)

Posted by Jettson8 > 1 month ago | Report Abuse

Then we can anticipate DCHCARE's financial performance will improve in the next quarter

Posted by MULTIEVER > 1 month ago | Report Abuse

dont be naive, such niche market hardly grow significant in 1 or 2 quarter. it take years and years to prove it.
better find something that more promising with history performance record

Posted by Cipta > 1 month ago | Report Abuse

Facial and slim program like consumable item, you must go for treatment every month. I dont understand why the half of previous package buyer suddenly didn't turn out during the past quarter. One possible is DC doing buy one free one promotion pre-IPO, so the clients paid pre-IPO and thus now DC has higher liability. My wild guess.

Posted by Income > 1 month ago | Report Abuse

Like my wife does not go after bought the package. Now needing Rm for more important essentials in life. My wife forfeit the package la. I think maybe that’s the reason why…
You connect the dots laaa

Posted by Income > 1 month ago | Report Abuse

Time is getting tougher now. Rm is allocated for essential now. Non essential.. need to set aside for now. Haizzz