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 Dancomech Holdings Bhd, Danco 5276

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kamrulbj6107
post Aug 11 2016, 11:15 AM

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QUOTE(boonhan @ Aug 11 2016, 10:34 AM)
rm1 above possible? hmm.gif
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big rock barrier at 1.00 .....
boonhan
post Aug 11 2016, 11:20 AM

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QUOTE(kamrulbj6107 @ Aug 11 2016, 11:15 AM)
big rock barrier at 1.00 .....
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Yah. Many profit taking already. Wait and see for afternoon any continue buying.
birdboy
post Aug 18 2016, 07:20 PM

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New high guys at 1.10 and closed at 1.09 . Anybody still holding?
Lurker
post Aug 19 2016, 11:10 AM

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Elite
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Finally 1.10
mhisyam6
post Oct 17 2019, 10:05 AM

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Just dump some $ saving here. Seems a good buy as the company financial report quite good.
sadukarzz
post Feb 18 2023, 12:20 AM

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Necro thread for further discussion, counter still active, not intending to open up a new thread for this, allows past references easily as well.

Came across a small but exciting announcement by the company:

Based on yesterday's announcement, an exciting acquisition received green light, with potentially a few more to come.

Announcement - Attachment

Completed my short review of the potential acquisition.

Here's the input. If there are demands and requests from interested people, then I will put in a more thorough review.

JusEV Charging Network Sdn Bhd (Acquisition by UTC, subsidiary of DANCO).
- Provides all in one solution from consultation, installation to after sales services for personal use, while also integrating payment solutions into their chargers products for commercial bands.
- Products are AC based chargers, ABB / C series chargers, suitable for home / commercial EV charging solutions.
- Products are well catered for digitalization with controls enabled over web-based solutions, allowing monitoring as well as control of the charge while being notified upon transaction.
- Currently customers installed in condominiums as well as commercial lots.

Input:
> Would have a mass market to penetrate in Malaysia as government commits more into EV and more EV products being introduced to the market.
> Well spear headed with funds available from DANCO / UTC primary for expansion if needed.
> Potential risk would be costs passed on from supplier based on market demands / lose out to larger companies with larger cash injections.
> The next direction / portion of acquisition could see DANCO integrate MTL as well as UTC's expertise moving into producing in-house AC charger instead to have a greater control of the product's supplies and pricing.
> DANCO's cash rich status allows company to utilize cash for either expansion of MTL/UTC, for fuel for more acquisition down the road.

References:
- JusEV Charging Network - Website (Coming soon)
- JusEV Charging Network Malaysia: Intro
- JusEV Facebook
sadukarzz
post Feb 27 2023, 10:38 PM

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Short review QR (3Q vs 4Q 2022):

- Costs of sale decreased marginally despite higher revenue; This is attributable to trading division recording higher revenue.
- Metal stamping revenue dropped marginally, but profit margin increased leading to a higher gross profit.
- Pump manufacturing also recorded marginally lower revenue as well as profit.
- E&E engineering recorded a higher QoQ revenue and profit, with increased profit margin as well.

Financials:
- Inventories increased by Rm4.2m
- Receivables increased by Rm4.3m
- Payables increased by Rm6.2m
- Cash & cash equivalents increased by Rm11.2m
> DANCO's c&ce now stands at RM100.7m, equivalent to roughly 55% of current market cap.
- Borrowings increased ~RM7m to a total of RM18.7m; from previous ~RM11m, this is due to the recent acquisition of property for factory expansion of MTL.
- Net cash generated from operating activities increased from RM10.6m to RM16.1m, once again demonstrating healthy cash flow.

Overall review + review of segments:
- DANCO demonstrated organic growth of trading, E&E segments; but a marginal decline for manufacturing and metal stamping division.
- Metal stamping division is likely to encounter bottleneck from the capacity / manpower related shortages, which the new factory 3 for MTL would help to alleviate and support expansion.
- Geographical diversity in terms of revenue source has decreased as seen on decline towards Indonesian sale; While others (presumably SG) decreased significantly after the completion of Jurong MHS project.
- Potential acquisition to further fuel DANCO's expansion ahead as talks are ongoing.
- Overall organic growth remains well within expectations; with profit margins exceeding initial expectations.

#personal thoughts#
- Am quietly excited for the next acquisition in talk to be completed.
- Also pleased to see that trading division returns to healthy profit as margins improve.
- Also pleased to see that MTL expansion is well due as capacity hits max with current factory reaching max. MTL factory 3 to hugely benefit production.

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