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Overview
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Business Background Imaspro Corp Bhd is an investment holding company, engages in the manufacture and distribution of pesticides and related agrochemical products. It operates through the following geographical segments: Malaysia, Indonesia, Bulgaria, Vietnam, and Others. It offers plant micronutrients, herbicides, insecticides, anti-fouling agents, termite chemicals, cypermethrin for wood borer, foliar fertilizers, fish emulsion, and seaweed extracts. The company earns most of its revenue from Malaysia.
  Diamond7 M&A securities call buy at a target price of RM 2.26 on 15/3/2016 Target price ...call buy by M&A on 27/4/2016 is RM2.38 Anyone with news??? 30/04/2016 2:07 PM Mii Mii THEIR ACCOUNTING DOCUMENTS ARE SO MESSY!! THEY HIRE NON PROFESSIONAL ACCOUNTING TEAM TO MANAGE THE COMPANY!! 02/05/2016 9:51 AM Mii Mii THEY PURPOSELY VIOLATE RULES & REGULATIONS TO WASTE SHAREHOLDERS MONEY!! MESSSY ACCOUNTING RECORDS WHICH CAUSE DOUBLE EXPENSES OR REDUCE INCOME TO WASTE SHAREHOLDERS MONEY! 02/05/2016 9:52 AM Diamond7 Volume up! Mysterious! Someone keep buying! Anybody with news?............ 04/05/2016 4:59 PM Diamond7 oooOOO !!! Wa! Great ! Small capital.....80 million!!!! Cash rich...... 14/05/2016 12:14 AM winPLUSwin management keep buying, sooner or later to explode. 3.00 TP no problem. 17/05/2016 5:46 PM commonsense 2Q19 result marks the 4th consecutive disappointing quarter for its shareholders. The company had only managed to record a dismal profit of RM1.5mil in 1H19 which is a fall of more than 75% vs the RM6.1mil profit achieve in 1H18. The causes of the fall in profit are due to 1) the falling revenue due to slower sales from Malaysia which dropped by more than 30% during the period 2) the fall of gross profit margin from 30.6% in 1H18 to now of only 20.8% Given that the 2 reasons mentioned above are most likely to remain in the near term, investors will need to be prepared for the company to continuously post profit level similar to 1H19 result for the rest of FY19 and most probably in FY20 as well. Assuming the company could deliver a profit of RM5mil for FY19 (remaining 2 quarters will need to deliver at least RM1.8mil profit per quarter), at the current price, Imaspro would have already been valued at 34x PE which is high given the doubts in the company ability to deliver consistent profit growth in the future. If you are looking to diversify your portfolio outside of Imaspro (due to its weak earnings outlook and relatively high valuation), I would recommend you to look at MBMR. MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 7.2x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE. Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50. Good luck. 07/02/2019 10:42 AM MF0001 SUPER CHEAP ECONOMY COME BACK THIS PRICE N COMPANY EARNING FUI FUI FUI PEW PEW PEW :DDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 28/03/2021 11:26 PM ipohwhitecoffee It's time for Dr. Yu to make a come back. Build position in Imaspro to pledge my support. 10/05/2022 4:41 PM ipohwhitecoffee Fantastic. Stay invested since May and proven my support towards Dr Yu was right after all :D 25/10/2022 4:41 PM Wealthy99 so you know what to do before too late amazing up then should be or likely to be or possibly to be amazing down too 21/02/2023 9:10 PM  | |
