OptionOracle

I saw roger at ANEKA. I think he will show up when Danco drops like it, or else he will continue hiding

1 month ago

foreverchung

Day 129487235, still waiting for the return of Messiah 🤣

4 weeks ago

foreverchung

While waiting for lordmessiah, let me share a little from the AGM today that is ACTUALLY useful rather than 'DANCO is trash' 'O&G is better' 'I have decided to go hide until DANCO is red'.

Do bear in mind that this is not the exact wordings of the meeting, but carries similar if not exact quotes. I was in attendance of the AGM. The response was shared either via Mr. Aik Swee Tong, Mr. Aik Cwo Shing, or Mr. Tang Yuen Kin in no particular order or order of appearances by the board members. Please excuse my mistake if I have attributed the response to the wrong board members.

- Directors point out that currently MTL is undergoing double shift as a temporary measure to meet demands.

- New machineries and equipment are being brought in to resolve longer term target of meeting demands.

- Directors are expecting the year and subsequent year to be good, with HVAC demands are raising, but anticipates do not go as high as during the post-covid moments percentage of jump.

- JusEV has been contributing sales and revenue to the company, but it is still not significant enough for the group as it almost completes its maiden year, but still within allocated expectations or budgeting.

- Mergers and acquisitions are one of the non-organic growth opportunities to the company, making up the 2 pronged approach to expand the company's business. But the M&A would not be done hastily, whereby there will be a focus on presence of capable team in place, correct pricing as well as a good complement to the existing business line. Acquisitions would not take place as 'just because'.

- In regards to the UTC's business line getting involved with Data Centres, DANCO does not have any active contracts with related entities and business lines. Although DANCO would pursue related aspects and open to explore opportunities where applicable. This was a response to question regards UTC/DANCO's involvement in Data Center spaces.

- Indonesia market would be explored further either through the existing partners or to set-up an office on site to explore further opportunities. As Indonesia is the second target for exploration after Malaysia. This is response to the question of whether Indonesia's capital relocation would be seen as an opportunity point for DANCO.

4 weeks ago

4ever5

Thanks foreverchung for the sharing.

4 weeks ago

DG_Invests

tq foreverchung. didnt get to join agm as i just realised i haven't registered myself for the agm. thanks for the answer on data center. appreciate it alot

4 weeks ago

DG_Invests

tq foreverchung. didnt get to join agm as i just realised i haven't registered myself for the agm. thanks for the answer on data center. appreciate it alot

4 weeks ago

bearcomebullgone

Terima kasih sifu foreverchung btul btul infomasi yg sgt berguna, nmpknye director danco konfiden jgk blh improv biz... chung ada dapat tgk atmosfera agm? bgus ka?

ada director mention ttg acquisition next? atau fokus itu organik grow?

4 weeks ago

roger3210

told u junk result

4 weeks ago

bearcomebullgone

Oh my god, lordmessiah is back! But hor, we waited for lordmessiah so long, he only gave us 'told u junk result' wth?

Lordmessiah why so noob? Why at this juncture? We expected so much for you 🤣😂

4 weeks ago

bearcomebullgone

apesal roger x reply? siap aku ikut sifu format kasi welcome back

sia sia je ptui

4 weeks ago

hornbill

Stay away this china apek firm.. bad management.

4 weeks ago

foreverchung

Thank you bearcomebullgone. But its 'We expected so much from you', instead of 'for'. And please refrain from copying in future to prevent unwanted allegations. Thanks again bearcomebullgone.

Meanwhile, I think it is naive to not TP when high and reenter again when low. This quarter is expected not to have dividends in. So why not take the dividend yourselves and reenter when suitable? Indeed not a strong QR considering that revenue dropped marginally. But didn't that got mentioned in QR about MTL's expectation? Well, citing the board, I will retain cautiously optimistic.

4 weeks ago

OptionOracle

Told y'all 🤣

xxxxxxxxxxxxxxxxx
OptionOracle

I saw roger at ANEKA. I think he will show up when Danco drops like it, or else he will continue hiding

1 day ago

4 weeks ago

foreverchung

hornbill, as much as you are making sense, 'cinapek' companies are doubled edged sword

1. Old school management; BUT
2. It's hard for them to lose money, as they are always the 'slow & steady' kind.

That, you cannot deny. As you can see from the historical data.

4 weeks ago

bearcomebullgone

duhhh chunggg chill la skt, u sifu ma mesti belajar on sikit relek mantap

speking sikit nnt org igt ako x fasih bhasa omputeh

mcmne roger? mnghilang ghaib lg ke?

4 weeks ago

bearcomebullgone

ako baca baca skit ada ka DANCO mau beli E&E compeni mcm tu UTC lg? mcm ada news wo

BIMB ada insider ka?

4 weeks ago

SmallSexyPig

YoY up for PAT but slightly down for Revenue. A little disappointing but not terrible.

3 weeks ago

bearcomebullgone

wui chung apa lg stock bagus sifu bg tips skt la weh

jgn la marah

3 weeks ago

foreverchung

New EV roadtax tariff out. Very reasonable and affordable.

Expecting EV sales to ramp up in Malaysia, which would then benefit Point Charging Operators. Good news.

3 weeks ago

SmallSexyPig

I am exiting DANCO to invest in another opportunity I have spotted. Thank you all and good luck (except roger).

3 weeks ago

Albukhary

DANCO next quarter result are expected to be very good.
I still holding tight my DANCO share... As I believe this share at least value 80sen.

3 weeks ago

patrick5612

hope so

3 weeks ago

OptionOracle

So next dividend payout will be on Sept ?

3 weeks ago

foreverchung

Anticipated on the 2nd and 4th quarter of FY, OptionOracle.

Do take note that usually the dividend payout is roughly 40-45% depending on issued shares and earnings.

3 weeks ago

bearcomebullgone

hijauhijau! chung boleh bg tips x?

3 weeks ago

OptionOracle

Thanks for the info, foreverchung 😊

2 weeks ago

Albukhary

https://ak-industries.com/en/

2 weeks ago

HengyuanZai

U sure is this ah.. 100 share RM 100 only er

2 weeks ago

HengyuanZai

Can be JV on new subsidiary

2 weeks ago

MayTanT

Danco 's products related/ similar to ak-industries ?

2 weeks ago

foreverchung

Albukhary

Are you sure this is related? Or are you just posting randomly?

So far we have not received any naming on the company that is under negotiation or acquisition under the name of "AK-Industries". The last check this company is founded and currently located in France. And apart from Indonesia and Malaysia, there has been no ongoing negotiations of acquisitions outside of these 2 countries in DANCO.

If you are meaning to discuss about its industries and similarity, it does have some resemblance towards UTC + MTL (but more of CNC portion only). Seems experienced but a young team of management too.

2 weeks ago

lonelybunney

So far pretty good

2 weeks ago

HengyuanZai

This is newly registered company, guess they selling electrical appliances lol.. shareholder is from hong kong

2 weeks ago

Albukhary

AK Industries now become AK47 d.
Very powerful.

2 weeks ago

foreverchung

Would you mind explaining, Albukhary, how does AK Industries link to DANCO?

So far we don't manage to see any connections here so help us out.

2 weeks ago

OptionOracle

This AK industry? https://www.akindustries.com/

2 weeks ago

foreverchung

Don't think so. It's a HK based company established in 1977. Their nature of business seems to be related to trading of industrial & electrical products. To me this looks more like a trading company, in which I can relate that DANCO/MTL is establishing a trading relationship with HK, which is good.

But what I am really interested to find out, is what is the connection of AK Industrial Limited, to its ultimate shareholder, DANCO as well as who is their directors. Seems little to no visibility of the company based on my simple google search.

2 weeks ago

HengyuanZai

I think something more like EV related things..

2 weeks ago

OptionOracle

or they might provide water treatment & sewerage services to data centers?

2 weeks ago

foreverchung

OptionOracle, I don't think DANCO provides water treatment / sewerage services. If any, they are providing the valves and pumps that are related. That said, again, I do not think DANCO has any direct correlation to Data Centre space. The closest that we have, at the moment, is UTC.

However, it does seem like DANCO is moving towards electrical components, manufacturing electrical appliances / parts, as well as electrical engineering. I won't be surprised if the incoming announcements would be related to acquisitions of E&E manufacturers or providers. Manufacturers would be more hard-components rather than semi-conductor related.

2 weeks ago

DG_Invests

hi foreverchung, just wanna ask r u looking into eca as well?

2 weeks ago

foreverchung

Hi DG_Invests, thank you for seeking my views. I've looked into ECA in the past before before 1Q 2023, where through proxy, attended AGM. Objectively, the company is looking at fluctuating business (during that period of time, considered as fluctuating as there is only historical + 3Q's). Was slightly concerned on how the management is tackling the issue of costs, however the balance sheet of the company looked relatively healthy.

But as the FY continues to 3Q/4Q, the fluctuation did not stop, but widened further to more than >50%, which is more than my personal liking for this industry (semi-con/EMS/ATE etc) while understanding its cyclics. This to my opinion, shows that the management is unable to confidently bring consistency to costs -leading to erosion of margin and to pursue bigger clients (top-down), on top of failing to identify emerging opportunities.

Of course, similar industry players faced such issues, however, ECA did not standup to the what we considered concentrated market here in Malaysia. With more and more players coming into fray, it really stands to be seen whether ECA will rise. Fundamental wise, ECA does possess high potential since its in a sunrise industry, but whether the management can guide it to higher profitability catching the trend, remains an issue. Their recent acquisition of land for expansion looks to be a positive growth for the company. However, if you look at the charts, market did not buy well enthusiastically into the news as evidenced within 5 days before and after announcement. Utilization rate seems to be of higher impact question at the moment.

On top of that, management wise, I did not appreciate the albeit bombastic and positive phrasing of the outlook by the management, the description of prospects was more ambiguous than I would have liked (as compared to tackling their problems).

Lastly, looking purely in technical terms, they do stand to benefit from the peer boom rather than of their own accord. Might be looking at challenging 0.495 with high breakout volume needed to break this. Personally, except for new announcements / rumors, I don't think it would happen without intervention of larger shareholders, as other peers might be more attractive. Since ECA does not promise dividend payout like DANCO, hence TA or pricing is more higher priority rather than staying and investing like for DANCO.

That's my opinion on ECA. I shall stop commenting on ECA on this page as this page is meant for DANCO. Should you have further inquiries you may PM me / quote me in ECA page. I will do my best to share what I can (but I have to mention, since I am not holding nor I do plan to hold ECA for investing purposes, I think I have shared most of my views here). Good day.

1 week ago

OptionOracle

Thanks for your sharing, foreverchung. I will keep holding it😊

1 week ago

Albukhary

I hope 1 day DANCO can fly like Notion..
From RM0.40 all the way to RM2.30.
Can't imagine if one day DANCO share price reach RM2.30..

1 week ago

lcng123

Danco profit hit new high record every year

1 week ago

DG_Invests

thank you foreverchung, appreciate it alott~

6 days ago

thundery

Hope is hope, no doubt everyone thought it is good profitable, however regardless what, Market is always right and it always not as predictable like what we will think

5 days ago

OptionOracle

I have that hope on Danco too, Albukhary. You are not alone

4 days ago

loneranger

Beside hoping, let's pray. Haha.

4 days ago

foreverchung

Well I can say everyone invest for different reasons and hold/buy/sell for different reasons. For myself, I am used to be a 'trader' mindset, easily manipulated by market sentiment. Everyday looking at news and hoping for some big news and big profit. But I realize that did not tally with the market that I am investing in. I am investing in FBM KLCI instead of US NASDAQ/DJONES; I am investing in companies that have low volume, which is susceptible to more volatile movements and less susceptible to news as the exposure is less.

So I cannot apply what I did to covid times, where daily trading based on rumors and TA alone is sufficient. I hold many stocks today, but only a few that I actively check on due to its potential burst of growths. DANCO, SPRITZER, RANHILL, NOTION, FOCUSP are some of few. Some had flew and TP has been done, some has been giving consistent dividends and some gave bonus issues. But all the same thing is that the company is profitable, and the management is at least somewhat willing to expand and improve by action, not just talks.

Maybe one day we will see a wind of change for BURSA when there is more volume that allows us to trade daily. But until then, daily trading for me will remain in FX.

For DANCO, I will be honest in saying that what I am not satisfied with, is the management's lack of proper communication of directions. They should hire a better IR to represent the company. Those that knows the company well enough can make an educated guess which direction this company is heading therefore willing to hold, dividends definitely make it worthwhile, but those who do not, will think that DANCO is stagnant.

Good luck all.

4 days ago