Warrenky Ng's comment on PLABS. All Comments

Warrenky Ng
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今天收0.2,好预兆!!!!
cheng
what to expect post Q2FY22 earnings - net margins increasing comparing to the quarterly performance in FY21 at the back of revenue growth contributed by ToT, returns of dividend at 3.2% yield and trending to positive free cash flow for FY22 comparing to FY21.
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1 Like · 1 year · translate
cheng
Interesting business decision - switching from renting the property which is currently the ToT disti to owning it via the sales and purchase agreement announced :)
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Gerald Loo
slowly plabs will be growing wait for a proper announcement will do
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Time and Space
Gerald, can you share your view how plab will be growing?
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Gerald Loo
ask cheng he has stated already just waiting for the right timing can buy and keep at lower point for dividend as of now
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cheng
I am in for the long run as long as it’s fundamentals remains intact. I am interested to observe the development of the latest announcement especially the rationale behind the business decision. Make or break?
1 Like · 1 year · translate
Gerald Loo
same here to me is the good fundamentals with net cashflow too with the attractive price hence invest and not trading this counter cheng :)
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cheng
Thanks for the sharing, Gerald Loo.
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Gerald Loo
haha no worries bro later when people seeing this counter suddenly spike up then we know what to do lol all the negative comments become nice comments hahaha
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cheng
noted :) good price to collect slowly as market valuation lagged its fundamentals. top 30 holding it tightly though there is some interesting shifts in the shareholdings :)
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Ricardo Siau
Cheng, what's your view on the sudden change of auditor?
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Warrenky Ng
How about Monday.................???
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cheng
Hi Ricardo, the management announced the auditor's resignation and the reason for the resignation. Fy2021 auditor's fees amounting to approx RM100k if I recalled correctly. perhaps a higher number is projected for FY2022 that led to the disagreement.
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cheng
there aren't any key audit matters or going concerns highlighted in FY21 annual report and there isn't any MUGC highlighted this year either. Normally, auditors will probably highlight audit matters to management attention and if nothing is done about it, they may quit perhaps. in this case, Plabs management mentioned that they are not aware of any other matters that need to be brought to shareholders attention.
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Ricardo Siau
Hi cheng, hopefully it is just a pure and simple audit fee dispute and a creditble replacement firm nominated by the management
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cheng
Agreed, Ricardo. positive publicity for this illiquid asset is always welcomed :) the margins are comparable to it's peers from both the animal nutrition and consumer nutrition/products but being priced relatively lower.
1 Like · 1 year · translate
cheng
new auditor identified and appointed; smaller firm but it has presence in more than 50 countries.
1 Like · 1 year · translate
Ricardo Siau
Not bad... At least an international firm
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cheng
I would like to see the numbers/margins continue to grow and increases the values for shareholders.
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Ricardo Siau
Initiated a position at 18 today
Like · 11 months · translate
cheng
That's nice, Ricardo. It has been hovering near 18 cents for the past one month :) Thats 20% discount from 0.22 fair value for the new shares issued for the 60% equity interest in ToT. FY2022 annual report should be coming out by end of the week.
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3 Like · 11 months · translate
cheng
sleeping giant; dormant but not dead.
Like · 10 months · translate
Time and Space
Let us wait at the end of the month qr
Hopefully the company will be able to divert the cost to the customer
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cheng
Sounds good, Time and Space. And hopefully appearance of substantial shareholder :)
2 Like · 10 months · translate
cheng
okay - pretty decent performance at the back of inflationary pressure.
2 Like · 10 months · translate