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3,109 comment(s). Last comment by 5877max at Oct 4, 2020 11:22 AM
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smtrdr
2 posts

Posted by smtrdr > Sep 19, 2018 4:43 PM | Report Abuse

KTC is on rocket mode :D


Xeno
428 posts

Posted by Xeno > Sep 19, 2018 4:59 PM | Report Abuse

Huat ah!


Xeno
428 posts

Posted by Xeno > Sep 19, 2018 5:25 PM | Report Abuse

KTC Strong growth company


SAStockAlliance
54 posts

Posted by SAStockAlliance > Sep 19, 2018 8:00 PM | Report Abuse

https://klse.i3investor.com/blogs/stockalliance/174641.jsp
KTC by SA stay tune


paperplane
20308 posts

Posted by paperplane > Sep 19, 2018 9:31 PM | Report Abuse

Stay tune or stay die


paperplane
20308 posts

Posted by paperplane > Sep 19, 2018 10:21 PM | Report Abuse

Wait to die lah


getonwithit
92 posts

Posted by getonwithit > Sep 19, 2018 10:47 PM | Report Abuse

Non independent director resigned as per their last two announcements....what do you all think


SAStockAlliance
54 posts

Posted by SAStockAlliance > Sep 19, 2018 10:51 PM | Report Abuse

Thats why you are typical stupid retailer @paperplane. Know why? Doesn't know anything but love to comment negative things.


SAStockAlliance
54 posts

Posted by SAStockAlliance > Sep 19, 2018 10:53 PM | Report Abuse

Management is confident that their receivables are recoverable and already recover more than 20%. Thats a good news to everyone.


paperplane
20308 posts

Posted by paperplane > Sep 19, 2018 10:59 PM |

Post removed. Why?


paperplane
20308 posts

Posted by paperplane > Sep 19, 2018 11:02 PM | Report Abuse

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Kim Teck Cheong says audit committee chairman quit over trade receivable dispute
TheEdge Wed, Sep 19, 2018 - 2 hours ago


KUALA LUMPUR (Sept 19): Kim Teck Cheong Consolidated Bhd (KTC) said today the dispute which led to the resignation of the chairman of its audit and risk management committee recently was because the majority of the board of directors had agreed not to impair the trade receivables as the management was confident that they were recoverable.

"Management had taken rigorous collection action and has to-date successfully collected approximately 20% of the long outstanding debts as highlighted by external auditors. In addition, the management has also taken further actions in securing the remaining balances (such as obtaining personal guarantee from owners of the customers, initiating legal action against the customers and more rigorous visit to the customers)," KTC said in a filing with Bursa Malaysia today.


paperplane
20308 posts

Posted by paperplane > Sep 19, 2018 11:03 PM | Report Abuse

Board audit chairman resign and you still think ok.... Hahahahahahaha


paperplane
20308 posts

Posted by paperplane > Sep 19, 2018 11:03 PM | Report Abuse

SA, you bought a lot isit.
Now panic waiting


SAStockAlliance
54 posts

Posted by SAStockAlliance > Sep 19, 2018 11:05 PM | Report Abuse

Hahahah thats why we mention you are funny. First thing is that the resignation already annouce few days ago. Throw if you scare. Second is you are nobody to compete with us. Your ekovest having heavy loss dont talk bull shit at here :)


paperplane
20308 posts

Posted by paperplane > Sep 19, 2018 11:05 PM | Report Abuse

In his resignation letter to the chairman of the board, Wee had stated that he had no choice but to step down due to the recent development in the boardroom which saw his role as the chairman of the committee being undermined.

"The board had rejected the advice of the audit and risk management committee on a significant accounting matter (a significant audit finding on impairment reported by our external auditors in their audit review memorandum) that my committee considers it cannot compromise over; and all means to resolve the disagreement had been exhausted," Wee had written.

He had also raised concern about the group's disclosure and financial reporting for the fourth quarter ended June 30, 2018 (4QFY18) unaudited results.

Wee's letter of resignation was served on Sept 4 and accepted by the board on Sept 10.

In its reply today, KTC's board dismissed concerns from Wee and the audit and risk management committee, saying the board and management are confident that these trade receivables are recoverable.

"Total third parties receivables for more than 270 days in the audit review memorandum stood at RM4.93 million. The management had subsequently recovered RM1.05 million.

"The remaining balance is recoverable through personal guarantee from owners/customers and initiating legal actions against the customers," it said.

"Thus, there is no impairment raised on the unaudited 4QFY18 results announced on Aug 30. Hence, the board is of the view that the group's 4QFY18 results will not be impacted," it added.

KTC shares closed up 1.5 sen or 8.33% at 19.5 sen, with 2.23 million shares done, bringing a market capitalisation of RM99.5 million.


paperplane
20308 posts

Posted by paperplane > Sep 19, 2018 11:10 PM |

Post removed. Why?


paperplane
20308 posts

Posted by paperplane > Sep 19, 2018 11:21 PM | Report Abuse

Dont wanna talm so muxb with sorhaj. Waste my time only. You continue you cibai stoxk pump and dhmp, non my fuxking biz. K drafting letter to sc and bursa, very busy


thesteward
4978 posts

Posted by thesteward > Sep 20, 2018 12:55 AM | Report Abuse

Tomorrow price will show Who is more credible .
Let’s see what if tomorrow price.


paperplane
20308 posts

Posted by paperplane > Sep 20, 2018 6:55 AM | Report Abuse

Tomorrow? Wtf. Brain tak pakai.
How bout 5 yr


Xeno
428 posts

Posted by Xeno > Sep 20, 2018 9:01 AM | Report Abuse

Ktc up 0.205, paperplane who is no brainer now?


darksoul
359 posts

Posted by darksoul > Sep 20, 2018 9:05 AM | Report Abuse

fly high...


Xeno
428 posts

Posted by Xeno > Sep 20, 2018 9:07 AM | Report Abuse

Took profit, buying another counter


thesteward
4978 posts

Posted by thesteward > Sep 20, 2018 11:48 AM | Report Abuse

Why need to use foul language ?


paperplane
20308 posts

Posted by paperplane > Sep 20, 2018 12:18 PM |

Post removed. Why?


paperplane
20308 posts

Posted by paperplane > Sep 20, 2018 12:18 PM |

Post removed. Why?


darksoul
359 posts

Posted by darksoul > Sep 20, 2018 3:17 PM | Report Abuse

koyak... zzz


paperplane
20308 posts

Posted by paperplane > Sep 20, 2018 10:27 PM | Report Abuse

Mana itu otak cacat now... Hahahahaha


paperplane
20308 posts

Posted by paperplane > Sep 20, 2018 10:28 PM |

Post removed. Why?


Jasper Coo
2178 posts

Posted by Jasper Coo > Sep 21, 2018 10:43 AM | Report Abuse

Very confident stock, good to invest it and then can buy more car HAHAH!


chyeoh1972
1320 posts

Posted by chyeoh1972 > Sep 21, 2018 1:06 PM | Report Abuse

Not all SA recommended is good...this one need to screen out....


perseushermes
329 posts

Posted by perseushermes > Sep 21, 2018 10:11 PM | Report Abuse

It’s at a “No Confidence” lebel


davidkkw79
4707 posts

Posted by davidkkw79 > Sep 24, 2018 10:22 AM | Report Abuse

Not dare to buy after saw its auditor new... management too bias at their interest but ignore the accounting laws


3579753
27 posts

Posted by 3579753 > Sep 24, 2018 3:39 PM | Report Abuse

https://klse.i3investor.com/m/blog/stockalliance/174641.jsp


3579753
27 posts

Posted by 3579753 > Sep 24, 2018 3:40 PM | Report Abuse

Sell better... no confidence


3579753
27 posts

Posted by 3579753 > Sep 24, 2018 3:41 PM | Report Abuse

Wee is a good man


3579753
27 posts

Posted by 3579753 > Sep 24, 2018 3:43 PM | Report Abuse

KTC looks more like scam


3579753
27 posts

Posted by 3579753 > Sep 24, 2018 3:44 PM | Report Abuse

Going down to 0.01 soon


3579753
27 posts

Posted by 3579753 > Sep 24, 2018 3:44 PM | Report Abuse

Good luck, everyone


Bot NoRegret
170 posts

Posted by Bot NoRegret > Sep 25, 2018 9:28 PM | Report Abuse

@davidkkw79 .... imagine it ..if u is dexter, u shout so loud say no problem. where is ur face need to put if u can't cover the debts after that lol


3579753
27 posts

Posted by 3579753 > Sep 26, 2018 10:59 AM | Report Abuse

Any news on whether Ktc would be under any investigation for corruption with the Najib government?


davidkkw79
4707 posts

Posted by davidkkw79 > Sep 26, 2018 12:55 PM | Report Abuse

There is a compusolry accounting rule must be need to follow and compliance. There is no compromise as your management self explanation. Must follow rule, not as youself define it.


SuperBest
233 posts

Posted by SuperBest > Sep 27, 2018 9:49 AM | Report Abuse

going to test 20sen soon. on the verge of a bullish breakout.


3579753
27 posts

Posted by 3579753 > Sep 27, 2018 1:31 PM | Report Abuse

Still too low tho


3579753
27 posts

Posted by 3579753 > Sep 27, 2018 1:32 PM | Report Abuse

Any news on whether Ktx would be protected from any investigations related to Najib's corruption charges?


getonwithit
92 posts

Posted by getonwithit > Sep 30, 2018 9:04 PM | Report Abuse

http://www.klsescreener.com/v2/news/view/434172


TnF289
2 posts

Posted by TnF289 > Oct 3, 2018 7:16 PM | Report Abuse

1- The price has moved up and stabilized. Looks like the mkt has decided not to punish KTC for its long overdued receivables. Bad debts n Receivable are part n parcel of doing business. Even big banks like Rhb Pbb has NPL non performing loans.
The question to ask is does 4.9m overdue receivables affect KTC as a going concern and damage the survivability of the company.
KTC achieved close to 450m in revenue. The overdue receivable after recovery of 1.07m is 3.83m is 0.83% or less than 1% of sales.
In my opinion it is not alarming. But KTC has to be more aggressive and make greater effort n better startegy to reduce the average collection days in accounts receivable.

2- On the positive side KTC has successfully signed distributorships agreement and started selling Nestle ,Heniken ,Power Roots ,Oriental Food and L Oreal products.

This is an incredible feat. And to get all of them in one go is a heculean task.

Just imagine this secnerio, in the morning when you wake up you brush your teeth the oral B tooth brush is from Nestle. The Colgate tooth paste is from nestle. Next you make your morning coffee. The Nescafe or the Alicafe is Nestle/ Power root. For lunch you eat maggie mee it is from nestle. Than you have a kit kat or other chips for snack for tea break afternoon it is Nestle/ Oriental Foods
In the evening you dine with beer. The Tiger n Guiness are from Helniken.
See nobody can escape from Nestle and Helniken and the other three unless human beings stop brushing teeth n avoid food and drinks altogether. That also means KTC a company that distributes their products will also benefit from the supply chain management.

3- This is just the beginning. With Nestle and the rest that came onboard recently KTC was able to realise a full qtr contribution in the 4th qtr. Sales has jump form 93m to 122m to 136m for the last 3 qtrs.

To cut a long story shot KTC despite its receivable issues that has no impact on its survivability has actually greatly improved the business situation and its prospective enormously brighten with the new distributorships.
Fundamentally it has improved and worthy for a serious investor to take a second look.

In my opinion KTC is in the onsett of recovery and betters result is realistically expected if it execute its business strategies efficiently n effectively in logistic control and improvement in cost and margin.


bunuhsateman
770 posts

Posted by bunuhsateman > Oct 4, 2018 9:50 AM | Report Abuse

my friend's said this is lAbIsH sharE. going to HoLLaNd veRy VErY SoOn...SAyoNara.


bunuhsateman
770 posts

Posted by bunuhsateman > Oct 11, 2018 12:09 PM | Report Abuse

KTC is going to HOLAND soon... , sell before too late !!!!!!!!!


darksoul
359 posts

Posted by darksoul > Oct 15, 2018 10:26 AM | Report Abuse

ktc otw to HOLAND


bunuhsateman
770 posts

Posted by bunuhsateman > Oct 15, 2018 10:36 AM | Report Abuse

haha.. yes agreed... holand share ...

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