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6,376 comment(s). Last comment by stupid at Aug 19, 2019 10:02 AM
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jl88
1412 posts

Posted by jl88 > Aug 9, 2019 5:16 PM | Report Abuse

Initial I thought buy small mirror is enough, but after above comment, pretty sure u need super big one that can reflect yourself..


trader
102 posts

Posted by trader > Aug 11, 2019 12:43 AM | Report Abuse

this company has trade receivable amounted to RM40 million in FY ended 2018. The increment in FY2018 is RM16mil. In FY2017 PTRANS has trade receivable amounted to RM24mil. RM24 mil +RM16mil =RM 40mil. Which mean trade receivable incurred in FY2017 and before is remain unpaid. So, PTrans may need to write off the bad debt.


trader
102 posts

Posted by trader > Aug 11, 2019 12:51 AM | Report Abuse

it might be the reason why the group is changing the dividend payment periodic cycle


jl88
1412 posts

Posted by jl88 > Aug 11, 2019 2:12 AM | Report Abuse

thanks trader for sincere sharing


trader
102 posts

Posted by trader > Aug 11, 2019 3:12 PM | Report Abuse

I dont understand why the business model like PTRANS has such high trade receivable. lessons from tranmill and londonbiscuit should not be forgetten


trader
102 posts

Posted by trader > Aug 11, 2019 3:20 PM | Report Abuse

The only possible contributor(s) i think of is/are the project facilitation fee and/or gov facilitation fund. As these two factors are lack of transparency


stupid
187 posts

Posted by stupid > Aug 13, 2019 11:23 AM | Report Abuse

Trade receivable is profeesional fee for the construction of the integrated public bus terminal, Gst refund and rental of space.credit period of rental of space is 90 days. 2017 is up to 180days. u guy no read report.


trader
102 posts

Posted by trader > Aug 13, 2019 12:24 PM | Report Abuse

no clear indication of debtor period in the report


stupid
187 posts

Posted by stupid > Aug 13, 2019 4:21 PM | Report Abuse

Omg gg la u. Annual report la. Trader some more...


trader
102 posts

Posted by trader > Aug 13, 2019 8:46 PM | Report Abuse

The credit period mentioned in AR is specific for other receivable. Pls dont confuse other investors. I am here to share the truth. I had email the management but the IR representative seem refuse my questions. I may try phone the IR representative later day.


trader
102 posts

Posted by trader > Aug 13, 2019 8:49 PM | Report Abuse

I also holding huge chunk of it so dont worry i will spread fake facts here.


freddiehero
7504 posts

Posted by freddiehero > Aug 13, 2019 9:25 PM | Report Abuse

ini bus ade.slow.. untung pun slow..


Applepen
576 posts

Posted by Applepen > Aug 13, 2019 9:25 PM | Report Abuse

The ir manager very lausy...
Sometimes she won't answer...
Only give surface answer to skimp


Applepen
576 posts

Posted by Applepen > Aug 13, 2019 10:02 PM | Report Abuse

I guess is new kampar terminal...
Normally company will offer free 3 months period is no need pay rental fee..is for renovation purpose..
Will become trade receivable abit stuck??

2。2017 is up to 180days
Also is a point


stupid
187 posts

Posted by stupid > Aug 14, 2019 9:51 AM | Report Abuse

Pls see page 101 note 17

Trade receivables of the Group comprised amounts receivables for the sales of goods and services rendered. Other
receivables comprised mainly advance payment of professional fee for the construction of an integrated public
transportation terminal, GST receivables and rental of space receivables. Credit period granted for rental of space was
90 days (2017: 90 days)
The trade transaction of the Group are on cash terms or credit period which ranged from 30 to 180 days (2017: 30 to 180
days).


stupid
187 posts

Posted by stupid > Aug 14, 2019 9:52 AM | Report Abuse

Pakatan harapan is returning gst. So that receivable will get soon.


stupid
187 posts

Posted by stupid > Aug 14, 2019 9:58 AM | Report Abuse

Pls dont read the financial report by section. You should read the balance sheet with cash flow together. Cash flow is strong and you can see the change of receivable and payable.


stupid
187 posts

Posted by stupid > Aug 14, 2019 10:02 AM | Report Abuse

Please be informed that the increase in trade receivables corresponded with the increase in revenue and our company is continue to receive the payment from the receivables.


Applepen
576 posts

Posted by Applepen > Aug 14, 2019 10:14 AM | Report Abuse

Agree
Actually
ptrans cash flow is strong
Every month got rental n advertisement fee coming


pakabu
21 posts

Posted by pakabu > Aug 14, 2019 4:41 PM | Report Abuse

Nevertheless, we continue to like PTrans for its:
1) proven track record in the niche, underserved bus terminal business;
2) strong earnings profile from its existing core business; and
3) growth prospects led by Terminal Kampar and upcoming expansions.

Full article :

https://www.theedgemarkets.com/article/perak-transits-terminal-kampar-seen-fully-operational


vvliang
2 posts

Posted by vvliang > Aug 15, 2019 11:32 PM | Report Abuse

News on May'2019

https://www.chinapress.com.my/20190524/%E3%80%90%E4%BB%8A%E6%97%A5%E9%9C%B9%E9%9B%B3%E5%A4%B4%E6%9D%A1%E3%80%91%E6%80%A1%E4%BF%9D%E4%B8%AD%E7%8E%AF%E8%BD%A6%E7%AB%99-%E4%BB%8A%E5%B9%B4%E6%9C%89%E6%9C%9B%E7%AD%BE%E7%BA%A6%E6%96%BD/


trader
102 posts

Posted by trader > Aug 16, 2019 1:33 AM | Report Abuse

I had done the calculation on trade & receivable in FY2018 quarter by quarter the trade & receivable paid to ptrans is amounted to RM 20.1 million. So PTRANS does not pose risk on bad debt write off. So sorry if my sharing caused confusion.


Jacky Lim Hung Sheng
13 posts

Posted by Jacky Lim Hung Sheng > Aug 17, 2019 7:13 PM | Report Abuse

Hello everyone. Please enlighten me if I'm wrong. For my understanding, this company is having a healthy expansion through its investing activities in the Kampar Terminal which seems to be a strategic location that is near to the student campus. But, there is a delay in getting the CCC, meaning that the profit for the FY19 might have a high chance to remain as flat or consistent compared to FY18 right? Also, the share capital is keep on increasing through the private placement, and there might be a chance that the director will issue more shares to raise for capital in the future.
To sum up my opinion, I feel that PTRANS is a consistent earning company but due to its rising in the share capital has basically diluted its earning throughout the year. That's why the share price is keep on dropping right? For me, I will continue to hold until the full operation of the Kampar Terminal. There is no offense to anyone here as I just want to share out my own opinion as a newbie here. Thank you. Wish everyone here has a great and enjoyable weekend!


AudemarsPiguet
1 post

Posted by AudemarsPiguet > Aug 17, 2019 7:19 PM | Report Abuse

The market cap is RM 270m with 1.4 billion shares outstanding. There are simply too many shares floating around. For this company, the elephant in the room is the project facilitation fees. The management did not provide much explanation even in the prospectus regarding PFF. The fund managers know this and hence avoided buying in a big way.


Jacky Lim Hung Sheng
13 posts

Posted by Jacky Lim Hung Sheng > Aug 17, 2019 8:14 PM | Report Abuse

If I'm not mistaken, one of the reasons that contribute to the higher profit in FY18 is due to the higher facilitation project fees. It is something that the company do their own project and thereby stated out this project facilitation fees?


stupid
187 posts

Posted by stupid > Aug 19, 2019 10:02 AM | Report Abuse

if you are asking and questioning what is pff, then i know you didn't read the annual report and company presentation...

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