EKSONS CORPORATION BHD

KLSE (MYR): EKSONS (9016)

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Last Price

0.57

Today's Change

-0.01 (1.72%)

Day's Change

0.55 - 0.58

Trading Volume

116,500

Financial

Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
1 person likes this. Showing 50 of 577 comments

Tipster

Management all busy punting shares using shareholders monies. No wonder biz is shit n losing money at all fronts. Give us a good premium n take it private. U can eo whatever u wan then!

2021-11-30 22:38

Michael Kwok

Post removed.Why?

2021-12-08 22:05

Michael Kwok

Nta rm 2.40.Now 69cents.If have patient wait for 2-5 years.Recommend buy.

2021-12-10 16:18

Michael Kwok

Buy Ekson 69-75 cents.Buy rm 5-10k each.If have patient like 2-5 years.Once economy recover big time it will at least double the price.Many country need specislize wood for constructioGovernment boost economy usually contruction of need it.

2021-12-14 12:19

amateurJR

Lol hold 2-5 yrs?

2021-12-14 16:53

TheContrarian

@ Michael Kwok, buying to hold for 2-5 years is not a good investment strategy.

2021-12-14 18:18

Michael Kwok

If early takeover ket say rm 1.20 or higher very rich.Some-more lumber up to over 1000.

2021-12-16 16:44

Michael Kwok

Less thn 1 year also can.

2021-12-16 16:47

BigZakar

one more self call genius..........

2021-12-17 16:00

Questionking

Wat the he'll Mk keep.mention how good of ekson

2022-01-25 11:28

Michael Kwok

Duh,many wood related goes to its previous high or near its NTA.Tq.Somemore this counter nta rm 2.40.Previous high over rm 1.People still sell.

Posted by BigZakar > Dec 17, 2021 4:00 PM | Report Abuse 

one more self call genius..........


Questionking 
50 posts

 Posted by Questionking > Jan 25, 2022 11:28 AM | Report Abuse 

Wat the he'll Mk keep.mention how good of ekson

2022-01-31 10:50

Michael Kwok

Some-more my buy call of woodland before so many time.People can see using chart.

2022-01-31 10:51

BigZakar

see glomac forum...........who will trust u again???

2022-02-03 14:41

TheContrarian

Michael Kwok born in 1978, started investing in 1993? 15 years old can buy shares?

2022-02-03 18:36

Michael Kwok

Yup.through nominee.

2022-02-07 15:43

Tipster

Core biz still shitty....

2022-03-01 12:34

Michael Kwok

Buy ekson 68 cents.buy rm 10k.if got big shot buy rm 50k above also can.NTA 2.60.So if take over at least rm 1.20-rm 1.30 if 50 percent discount.if more a bonus.

2022-03-22 10:49

Icon 888

Buy n keep

2022-03-24 02:03

Michael Kwok

Please go and buy and keep.buy rm 10k.Before end 2022 above rm 1.

2022-03-24 14:56

Icon 888

Buy n keep.. hit n run lo

2022-03-29 08:45

Michael Kwok

Last call say buy rm 10k.Tp rm 1 above.Brewing in company shareholder.

2022-03-30 16:07

Michael Kwok

I challenge people throw and dun buy.but there buy.i also buy.if takeover at least rm 1.30.u know at least few hundred people holdingb at least few hundred million cash.assume 300 people.minimum 200 million.so at least rm 60 billion not include borrowing secure from bank.

2022-04-13 18:34

Let's Gooooo

Bought 0.71. Earned some cash in FLBHD, trying Eksons.

2022-04-14 15:31

Michael Kwok

The lumber is going shortage.once fully recover is going to usd 2000 above.world need lot of lumber for property,building and other.it need thing for construction.

2022-04-27 22:45

BigZakar

self genius blow water again......................if got money, better buy Tenaga

2022-04-28 08:05

Michael Kwok

Excuse me.u do not know wht i do in march 2020 till now.please see the record.if this stock do not up above rm 1 before cny 2023.i resign from here.tq.people want fast but do not wanted learn.there no such thing as jump stage in reality world.many do not wanted to learn but making continously mistake.

BigZakar

self genius blow water again......................if got money, better buy Tenaga

2022-05-23 00:15

TheContrarian

CNY 2023 so long time.

2022-05-23 08:57

BigZakar

QR loss!!!!!!!!!!!!!!! will dive below 50cents soon..........michael in deep trouble

2022-05-31 08:48

Questionking

Hahahaah no sound from Mk

2022-05-31 13:33

asd88

AR shows cash + liquid 200+ mil but market cap now only 100mil

2022-07-31 15:36

asd88

Im accumulating this counter, moving up soon

2022-08-07 00:55

asd88

Haha see, finally volume is here

2022-08-19 12:32

Tipster

Loss > 20 million in stock market, they think the company money is their money to gamble?

2022-08-30 18:27

Michael Kwok

When quiet sometimes is surprise.This counter can be ge 15 ply.

2022-09-16 01:45

asd88

Anyone knows where is the michael that claimed eksons will be above rm1 before cny? I guess he really resign like he said haha.

2023-01-26 17:49

Michael Kwok

Got patient,wait.i do not go.maintaining above rm 1.tq.dun forget its from sarawak.sarawak cash rich.few hundred million takeover,its peanut for them.

2023-04-13 10:59

i4value

Post removed.Why?

2023-06-13 12:00

Dehcomic01

Eksons is a Bursa ex-plywood manufacturer cum property developer trading below its Graham Net Net.

The Graham Net Net (current assets minus total liabilities) is often used as a short-hand for liquidation value. The general view is that if you have a company trading very much below its Graham Net Net, you have found an investment opportunity.

Eksons is currently trading at RM 0.52 per share compared to its Graham Net Net of RM 2.02. You may think that this is a bargain.

But Eksons currently does not have any significant operations and is a cash holding company. This makes it a cash-holding value trap.

A value trap is a company that appears cheap but instead of being a bargain turns out to be a dud. Normally if you have a Graham Net Net, it is not a value trap. But this applies only if there are operations.

For a company with lots of cash but without significant operations, you have to assess it differently. This is the case with Eksons

For details on how I assessed this company, go to Eksons is now a value trap (Oct 2023) https://www.youtube.com/watch?v=g1byo-eO4CM

2023-10-02 09:26

Dehcomic01

You have a stock portfolio to provide a balanced and risk-adjusted exposure to the stock market. But for this to be meaningful, the stocks in a portfolio should not be correlated.

This then begs the question. Should the correlation be based on price or some business fundamentals?

The ideal case is to have uncorrelated stocks based on both market price and business performance correlation. This will achieve diversification that addresses short-term volatility and aligns with long-term investment objectives.

In practice I seldom look at price correlation in my stock portfolio as I am a long-term investor. I look at correlation from a business perspective. https://www.youtube.com/watch?v=7T7of46Q1Ww

Take the example of Eksons and Annum. The former was in the plywood and is now attempting to be a bigger property developer. Annum is still in the plywood business although it has ventured into construction and property development. The top chart shows the ROE trends of the 2 companies while the bottom chart shows the share price trend.

Should they be in the same portfolio? https://i.postimg.cc/xCngD2cF/Eksons-vs-Annum.png

2024-02-01 10:12

Dehcomic01

You may think that company with lots of cash can be a good thing. Afterall many would not challenge the mantra that “cash is king”
But in the case of Eksons, you may have to think differently. As of the end of 2023, Eksons had about 2/3 of its total assets held in cash and short term securities. The huge cash position is because the company had scaled down its plywood business and its property development business had yet to scale up.
So it ended with tons of cash where a significant amount is now invested in securities. Unless they have a Warren Buffett in the company, you should worry about whether this is an effective deployment of cash.
My point is that the large cash holding is because of the lack of operations. This large cash holding has been there for many years. I used to think it was a good thing. But it a company is holding onto cash for years, it may not be a good thing. In this case, cash is actually a value trap.
https://focusmalaysia.my/eksons-dont-be-mesmerised-by-the-cash-hoard/

2024-03-02 09:45

Dehcomic01

Bursa Malaysia Eksons used to have 2 business segments – timber (mfg of veneer and plywood) and property development. But in early 2023, it closed down the timber business. At the same time, there is no new property development projects. The company is merely selling off its stocks of plywood and unsold properties.

But the company is cash rich due to the closing down of the timber business. It has RM274 million in cash or cash equivalent (investment securities) as of Dec 2023. But cash can also be a value trap as explained in page 21 of INVEST https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol201-Invest-29Mar.pdf

2024-04-01 12:35

TheContrarian

On 3rd May managed to grab some Eksons at 0.485.

2024-05-12 20:58

TheContrarian

Pleasant surprise of 2.5 sen interim dividend.

2024-06-07 22:55

dompeilee

Fortunately, I ameliorated my 'stuck' position in Eksons from 2021 by averaging down 1/5 of my original position @ 61c just b4 ex-divvy, lowering the average to 68.6c so was able to SELL for a profit using a low commission trading a/c even after bagging the rare dividend ! 973 days of trading gains in a row!! 🤗

2024-07-04 09:07

dompeilee

Bought back for 67c becos chart looks like a high tight flag is developing. Better get on board before it takeoff back to 80+ c!☝

2024-07-29 15:24

asd88

Big boss keep accumulating, possible privatization?

2024-07-29 23:17

asd88

Finally got volume after zero transaction over 1 month

1 month ago

TheContrarian

There's hardly any volume. Now price below 60 sen.

3 weeks ago

asd88

Only matter of time, big boss behind already accumulated alot

2 weeks ago

TheContrarian

Eksons still below 60 sen, unable to break 60 sen barrier.

1 week ago

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