AME-WA (5293WA) Stock Forum and Discussion

MY Stock MarketDetailed Quotes

5293WA AME-WA

Watchlist

0.170
-0.005-2.86%

15min DelayNoon Break Aug 15 09:13 CST

0.170High0.170Low

Greenbanana

Jul 29 18:40

$AME (5293.BMS)$ AME looks like in distribution now

laucsh77

Jul 28 21:29

5293 AME waiting break out higher and higher.

Moomoo News MY

Jun 2 19:36

Columns MY Morning Wrap | CIMB Group Reports 18% Increase in Q1 Net Profit as Income Growth Outpaces Provisions and Costs

Good morning mooers! Here are things you need to know about today's market:
●Nasdaq, S&P 500 soared in final minutes despite selloff in tech megacaps last Friday
●Malaysia's official reserve assets at US$112.79bil as of end-April
●DOSM: Median monthly wages for formal sector up 4.9% y-o-y to RM2,900 in December 2023
●Stocks to watch: CIMB, TNB and Petronas
-moomoo News MY
Wall Street...

Moomoo News MY

May 13 19:16

Columns MY Morning Wrap | PTT Synergy Group Secures Two Contracts Worth RM169.85 Million from Sime Darby Property

Good morning mooers! Here are things you need to know about today's market:
●Meme stock volatility sends indexes up, but market falls flat by close
●Malaysia and Qatar agree to enhance investment cooperation
●RHB Research Finds Small- and Mid-cap Stock Valuations Attractive Despite Q1 Rally
●Stocks to watch: Sime Darby Property, Dialog
-moomoo News MY
Wall Street Summary
On Monday, the market...

Momentum Trader

Apr 11 22:10

$AME (5293.BMS)$ need vol to push this to new ATH

Momentum Trader

Mar 28 20:06

$AME (5293.BMS)$ 👀 🔥 sector in play. Tight pivot seen

laucsh77 : good or bad ??

Report
Reply

Cancel Reply
Momentum Trader OP laucsh77 : Not seeing follow tru yet and Bursa market is in consolidation mode. Caution advised.

Report
Reply

Cancel Reply
laucsh77 : Platinum — Is this developer too conservative to keep up with the Johor industrial boom and keep steady on its cash?
05/07/2024
Real estate is booming in Johor, fueled by the DATA CENTRE (DATA CENTRE), and industrial sites are in high demand; many developers are scrambling to rush into industrial land development.
Some developers are quickly divesting their industrial land, while others are preparing to come and build data centers.
A developer from Johor stayed on hold, insisting on only developing the projects they already have, and not chasing the craze.
Is this a conservative or sensible approach?
“Nine Point Stock” compiles company information for Platinum members as a reference for Platinum members.
This “calm” developer is Tengyu Group (AME 5293). The latest stock price is RM1.70, with a market capitalization of RM89.1 million.
Based on RM1.70, Tengyu Group's capital to profit ratio is 11.70 times, and net tangible assets per share are RM1.37.
Chen Derong, CEO of Tengyu Group, said in an exclusive interview with the authoritative financial weekly THE EDGE, that the company adheres to the “design and construction” strategy, will not acquire a large number of industrial sites, and quickly launch more industrial land products.
He said that having a huge treasury is like two sides. If it cannot be built and sold quickly, land holding costs will be a heavy burden when the industrial market declines.
He pointed out that the industrial park development plan introduced by Tengyu Group has a cycle of 7 years.
“For example, our newest industrial park is the “Southern Industrial and Logistics Park” and “SILC” (SOUTHERN INDUSTRIES & LOGISTICS CLUSTERS), which will be completed in a short 7-year cycle due to intense market demand.”
The company recently spent RM0.1 billion 6.17 million in cash to acquire three sections of land leasehold in Kulai, Johor, with a total area of 37.5 acres.
Chen Derong said that Teng Yu will develop these three sections of land into another industrial park.
After completing the acquisition, Tengyu Group's basement in Johor was 302.2 acres, which is double that of the Penang basement.
Tengyu Group crossed states to Penang in August 2022 to acquire 175.98 acres of industrial land in Victoria, and spent RM0.1 billion 30 million.
This section of land is a joint development with MAJESTIC Group, with a development value of RM1 billion.
Chen Derong reminded investors to understand whether the demand for industrial land in Johor is it a real market demand or a short-term effect of the Sino-US trade war.
Tengyu recorded a net profit of RM93.1 million for the fiscal year ending March 31 this year, a year-on-year decrease of 8.3%.
The largest shareholders of Tengyu Group are Lin Youjin and Li Cai. The two jointly hold 19.16% of the shares, and Jiang Yazhi holds 18.86% of the shares, making them the second largest shareholder.
Of the three major shareholders, only Li Cai is on the board of directors. He holds the position of managing director.
Tengyu Group previously packaged the industrial industry and listed it through AMEREIT 5307 (AMEREIT 5307). Tengyu Group held 49.62% of Tengyu Real Estate's shares.
Tengyu Group is a net cash company. Cash on hand is RM0.2 billion79.74 million, and short-term credit is RM0.1 billion37.7 million.
The total development value of the group's plans is RM1.2 billion40 million, and the order received is RM0.2 billion76 million.
Instead of stealing the Johor data center boom, some investors believe that Tengyu Group has a conservative style of work, let alone make good use of cash, and step up development efforts.
However, staying calm in the midst of the boom could have a different outcome.
Phillip Securities advises customers to “buy”. The target price is RM2.15.
Tengyu Group is steady and stable. Is it your favorite target target?

Report
Reply

Cancel Reply

Moomoo AI

Feb 5 21:18

The REIT's manager credits the improved financial results to its full occupancy rate and new industrial properties. CEO Chan Wai Leo highlights the addition of multinational corporations to their portfolio and plans for expansion in Johor and other industrial hubs.

AME REIT Says 3Q Net Income up 19%, Declares Distribution of 1.88 Sen per Unit

Moomoo News MY

Nov 23, 2023 17:55

Columns MY Morning Wrap | PetDag 3Q Net Profit Tumbles 33% to RM184.7mil

Good morning mooers! Here are things you need to know about today's market:
●The U.S. stock market was closed on Thanksgiving.
●Business confidence improves in 4Q - DoSM
●Stocks to watch: PetDag, TM, Genting, GenM
-moomoo News MY
Wall Street Summary
The U.S. stock market was closed on Thursday, November 24th for Thanksgiving Day.
Breaking News
Business confidence improves in 4Q - DoSM
Business confidence indicator increased by 3.2 p...

Malaysia's Earnings Season: Explore investment opportunities with mooers!

Moomoo AI

Oct 26, 2023 05:36

AMETEK's shares trade above industry price multiples, painting an unrealistic picture considering its optimistic future outlook. Perhaps not the ideal time to enter the stock unless further upside is foreseen.

What Is AMETEK, Inc.'s (NYSE:AME) Share Price Doing?

No comment yet