QUOTE(boonhan @ Aug 11 2016, 10:34 AM)
big rock barrier at 1.00 .....Dancomech Holdings Bhd, Danco 5276
Dancomech Holdings Bhd, Danco 5276
|
Aug 11 2016, 11:15 AM
|
Junior Member
258 posts Joined: Nov 2011 |
|
|
|
|
Aug 11 2016, 11:20 AM
|
Senior Member
1,919 posts Joined: Jul 2009 |
|
|
Aug 18 2016, 07:20 PM
|
Junior Member
310 posts Joined: Jul 2010 |
New high guys at 1.10 and closed at 1.09 . Anybody still holding?
|
|
Aug 19 2016, 11:10 AM
|
Elite
4,285 posts Joined: Jan 2003 |
Finally 1.10
|
|
Oct 17 2019, 10:05 AM
|
Junior Member
444 posts Joined: Jan 2012 |
Just dump some $ saving here. Seems a good buy as the company financial report quite good.
|
|
Feb 18 2023, 12:20 AM
|
Junior Member
511 posts Joined: Jul 2011 |
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 |
|
Feb 27 2023, 10:38 PM
|
Junior Member
511 posts Joined: Jul 2011 |
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. |
Change to: | 0.0147sec
0.48
6 queries
GZIP Disabled
Time is now: 28th March 2024 - 04:55 PM |