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Moolah
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Posting #31: Sun Jun 3rd, 2007 11:24 |
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My Dearest Waikiat,
LOL!!! Seriously... i have no idea... :s35:
Performance wise.. it was a decent performance for me.
Balance Sheet issue. You be a judge.
As it is, the balance sheet is DECENT.
However... the main concerns... diversification into property. That's a no-no for me. (see the earlier postings and alos blog posting made long ago, http://whereiszemoola.blogspot.com/2006/07/eksons.html )
rgds
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stockraider1
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Posting #32: Mon Jun 4th, 2007 02:40 |
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Dear Moolah,
I do not want to start an arguement with u. Frankly u are too sensitive in this issue.Ur comment on Waikiat analysis alone by saying is it 'decent performance is a financial risky comment without looking at the diversification risk and balance sheet'
Furthermore i suspect there may be management integrity involve!
Some innocent people may just follow your earlier comment!
i ask u to do further investigation with hint to look on balance sheet and business diversification is with good intention, as u have better understanding on this stock since u have followed this stock for a long time as i maybe wrong.
It is actually worthwhile to investigate further.
Finally i have no quarrel with u, diffent in 'investment opinion in earlier Daiman' does not mean i do not like u.I do not know where u get this impression.I feel really hurt when u say i twist ' my word earlier' which is uncalled for and nothing do with Ekson analysis.
Moolah u are doing a great job providing us with analysis and i appreciate it.
For me i just try to contribute when i feel, thats is a need to give supplementary analysis or to cover area i think may need further analysis or lacking.Is it not this way ?
Moolah,if i have insulted u in any way please accept my apology .
best regs
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Moolah
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Posting #33: Mon Jun 4th, 2007 03:16 |
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stockraider1 wrote: Dear Moolah,
I do not want to start an arguement with u. Frankly u are too sensitive in this issue.Ur comment on Waikiat analysis alone by saying is it 'decent performance is a financial risky comment without looking at the diversification risk and balance sheet'
Furthermore i suspect there may be management integrity involve!
Some innocent people may just follow your earlier comment!
i ask u to do further investigation with hint to look on balance sheet and business diversification is with good intention, as u have better understanding on this stock since u have followed this stock for a long time as i maybe wrong.
It is actually worthwhile to investigate further.
Finally i have no quarrel with u, diffent in 'investment opinion in earlier Daiman' does not mean i do not like u.I do not know where u get this impression.I feel really hurt when u say i twist ' my word earlier' which is uncalled for and nothing do with Ekson analysis.
Moolah u are doing a great job providing us with analysis and i appreciate it.
For me i just try to contribute when i feel, thats is a need to give supplementary analysis or to cover area i think may need further analysis or lacking.Is it not this way ?
Moolah,if i have insulted u in any way please accept my apology .
best regs
My dearest Stockraider1,
My.. you do wish to turn this into a personal vandetta eh?
LOL!!!
Sad to tell you.. I will not entertain you.
Best regards,
:s18:
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stockraider1
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Posting #34: Mon Jun 4th, 2007 04:08 |
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Dear moolah,
what personal Vandetta ?
Don't waste time concentrate what we know best!
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Moolah
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Posting #35: Mon Jun 4th, 2007 04:44 |
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My dearest Stockraider1,
LOL!!!
My oh my.... i rest my case!
rgds
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waikiat
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Posting #36: Tue Sep 11th, 2007 15:50 |
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Results out but not much ac-tion (ek-son)... Lets see how is her performance qtr to qtr
Cash 1Q07 v 4Q06 : $38 million v $71 million (20c cap repayment of $32 million, fair enough!)
Borrowings 1Q07 v 4Q06 : $45 million v 37 million (yikes... good profit but still need to borrow money, how come ah?! high receivables or hutang not collected yet...? get the tailow n help get the money lar since sabah n sarawak many taiko...) 
EPS 1Q07 v 4Q06 : 8c v 8c (flat...)
Profit Margin 1Q07 v 4Q06 : 13% v 16% (uh oh... profit margin coming down)
Revenue 1Q07 v 4Q06 : $114 million v $95 million
clearly that the margins are deterioting.... if its to invest into a seasonal stock like eksons, would one exit the stock now just because a decline in their profit margin or should one hold on to it...
latest contact with the company, they noted they are commencing on the earthwork on the JV project now and the property will be launch mid next year.... also they hinted there will be a dividend coming soon....shhh!! shhh!!
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Moolah
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Posting #37: Wed Sep 12th, 2007 02:36 |
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Waikiat,
I would exercise caution.
Take this blog posting: http://whereiszemoola.blogspot.com/2007/09/random-musing-on-timber-sector.html
It highlights the clear decline in earnings in the timber sectors shown by timber leaders such as WTK and Ta Ann.
And most of all, Ekson's bread and butter thin plywood, was exported mainly to USA. With the huge mess in the current US housing market, I do believe that there is a possibility that Ekson future immediate prospect could be hampered.
And if you read the company's earnings notes, it's pretty much confusing.
Page 3.
Higher sales volume achieved during the quarter under review mitigated the impact of a margin squeeze arising from lower plywood selling prices and higher production costs during the quarter.
The lower plywood prices since January 2007 were due to high stock levels in some major plywood purchasing countries.
Here Eksons explains the margin squeeze from lower plywood prices. And this margin squeeze is reflected in its earnings as described by yourself.
Now in the next page, the company describes it future prospects.
We expect plywood prices to remain at current levels for the next few months. Demand for the Group’s plywood is expected to remain good due to demand from the Middle East, USA, North Africa and Taiwan.
Plywood prices to remain at current levels. Current levels as explained above by Ekson is said to be low. So lower plwood prices is expected, yes?
Secondly.. demand to remain good. Ok, there is no indication nor is there any explanation from Ekson on its Middles East Market BUT what about their ealier explanation about HIGH STOCK LEVELS? If stock levels are said to be high, surely demand would be affected, right? Kinda confusing here.
In the current financial year, the Group will see significant savings in power generation costs following the commissioning of its 3MW biomass power plant in Tawau. Investments in new equipment are also expected to enhance production efficiencies and maintain production cost at competitive levels.
Nice to read this development.
The Board expects the next few months to be challenging due to softer plywood prices and possible squeeze on profit margins arising from further strengthening of the Ringgit. Nevertheless it should be another positive year for the Group.
Ah.. the last paragraph.. board expects challenging times ahead.
So for me.. the sector looks rather challenging at this moment of time. Yes, in general, Ekson performed much better than others. Kudos to them. However, given the current scenario, with lower plywood prices, margin squees, high stock levels and possible lower demand from the US Market, the immediate future as admitted by Ekson, should be rather challenging.
rgds
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Moolah
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Posting #38: Wed Nov 21st, 2007 10:55 |
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Eksons Corp. Bhd (9016.KU) - Malaysia
2nd quarter ended Sep. 30:
Figures are in Ringgit (MYR).
2007 2006
Revenue MYR56,601,000 MYR82,662,000
Pretax Profit 12,212,000 12,123,000
Net Profit 9,921,000 10,730,000
Earnings Per Share 6.04 Sen 6.53 Sen
Dividend 2.50 Sen Omitted
6 months ended Sep. 30:
Revenue 170,668,000 172,051,000
Pretax Profit 27,415,000 20,125,000
Net Profit 23,602,000 18,510,000
Earnings Per Share 14.37 Sen 11.27 Sen
Dividend 2.50 Sen Omitted |
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Moolah
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Posting #39: Fri Feb 22nd, 2008 10:58 |
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Eksons Corp. Bhd (9016.KU) - Malaysia
3rd quarter ended Dec. 31:
Figures are in Ringgit (MYR).
2007 2006
Revenue 124,843,000 62,061,000
Pretax Profit 9,373,000 18,903,000
Net Profit 10,068,000 17,156,000
Earnings Per Share 6.13 Sen 10.45 Sen
Dividend 2.50 Sen Omitted
9 months ended Dec. 31:
Revenue 295,511,000 234,112,000
Pretax Profit 36,788,000 39,028,000
Net Profit 33,670,000 35,666,000
Earnings Per Share 20.50 Sen 21.72 Sen
Dividend 2.50 Sen Omitted |
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waikiat
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Posting #40: Sun Jun 29th, 2008 05:33 |
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anybody has any idea wat are the progress of their "property venture"? 20%? 50%? or 0%? how come no more news? stopped half way? no $ pay salary? no $ buy diesel?
anybody kind enuf to drop by seri kembangan n see how are their progress? moomoo? random? both of you "one, two, juice lar..." kekekke
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