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KLSE: ELKDESA       ELK-DESA RESOURCES BHD
Last Price Avg Target Price   Upside/Downside Price Call
1.65 1.98     +0.33 (20.00%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
20/11/2019 1.73 1.98 +0.25 (14.45%) BUY AffinHwang Price Target News
23/08/2019 1.69 1.98 +0.29 (17.16%) BUY AffinHwang Price Target News
17/06/2019 1.43 1.98 +0.55 (38.46%) BUY AffinHwang Price Target News


Price Target Research Article/News (past 6 months)
20/11/2019  AffinHwang ELK-Desa - Another Favourable Quarter
23/08/2019  AffinHwang ELK-Desa - a Robust Start in 1QFY20
17/06/2019  AffinHwang ELK-Desa - Plenty of Room to Gain Grounds



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Meng wow, i didn't expect we have same thought! last agm management set a new direction, i see their are really doing well on that from last quarterly result. i have confidence the company will have good results this year
10/02/2019 9:43 PM
tracylim True. Not too many investors realise the value of ELKDESA, and don't you think that's a good thing? That's the reason why we still can buy in at the current price, and I really feel good accumulating along side with the big boss, if you understand what I mean.. I rather do it now than start accumulating when it is 2.00 3.00..
14/02/2019 9:55 AM
Yi Heng just drop more please, u all know what i mean haha
17/02/2019 9:37 PM
Yi Heng chairman allocate 2000000 shares within 2 months :)
18/02/2019 8:11 PM
tracylim Wow, not bad! Cancellation of treasury shares! This shows that Elkdesa has strong cash flow.. it reduces the total of shares available in the market which is definitely a good thing! Yes!
24/02/2019 3:31 PM
Meng i disagree the action on cancellation of treasury shares. they can make good use from it instead of just cancelled it. it is worth more then RM17m. the company was right issues few times in the past, but why not they just sell the treasury shares to get more fund? if that conflict with the chairman buying share from open market recently, they can look for funds institution or other investor to buy over. now the shares are wasted just to push up the share price slightly. im surely going to address out the issue in agm
25/02/2019 1:12 PM
James Yeo Elk-Desa Resources Bhd has a track record of consistent dividend payouts over last 5 years. Check out other 2 similar stocks at https://klse.i3investor.com/blogs/small_cap_asia/195122.jsp
26/02/2019 11:01 AM
tracylim Well Meng, I guess the boss has his own planning on this. You may voice up your opinion in the AGM, but for me, it's definitely a good sign and I hope they will cancel more share in the future.. anyway for the time being, let's wait and see what's in the boss's head..
08/03/2019 11:22 PM
Meng i personally think that the management want to improve the company reputation and strengthen the confidence of share holders. i have seen them have intention to improve the awareness of the public to the company too. but still i think they can have better use of the treasury share.
11/03/2019 2:14 PM
Meng im happy to see the share price go up, but im more happy to see the net profit go up and the cost go down
11/03/2019 2:17 PM
sleang There are 3 things that the co. can do with treasury shares, 1. re-sell to the market at higher price to gain profit; 2. distribute to shareholders as share dividends; 3. cancel it off. Among the 3, the only option which will reduce the number of shares is #3 as the first 2 options will release the shares back to the market...
11/03/2019 2:29 PM
Meng as a financing institution, funds is important to company. there was a few times company having rights issue to increase the funds. although the treasury is not a big amount as past rights issue, but still worth good amount of money which can help the company business. if they can make use of it, selling to get some funds drive more sells or reduce financing cost, i think that is much better option
11/03/2019 4:51 PM
smissions Rights issue, rights issue, rights issue, cancel shares. Also advertises on Google Ads.
04/04/2019 2:54 PM
tracylim If not mistaken the management already promised no more right issue...
04/04/2019 6:28 PM
sleang another set of fantastic results! well done~!
21/05/2019 6:22 PM
tracylim Really proud of ELK, particularly in the midst of uncertainties. Now we know why the boss kept on buying. Well done!
23/05/2019 7:52 AM
Meng profit can be go higher but drag down by the furniture business. they can maintain a lower impairment on the hire purchase business, i think they should be able to do the same to the furniture business too.
23/05/2019 9:32 AM
Meng by comparing the annually result, the hire purchase business really doing great which revenue and profit before tax increased 16% and 23% from financial year 2018. the company really doing well to improve the loan quality and significant reduce the impairment allowance. total hire purchase receivables grow 23% but the impairment reduced instead, well done. block discounting increase intact with company direction. but there is not perfection, the increase of workforce recently not yet see to have any positive effect to the business yet.

for furniture business, i think after all these years, although see the improvement, but still the profit margin still very low, just passed 2.5% this year, most of the expenses go to cost 60%+ and other expenses 30%+. now the impairment allowance come to a concern level 1.5% from the revenue, this is quite high if compare to the profit margin 2.5%.. hopefully the management will put some effort in the furniture business, improve the dealership, or find other better dealers.

overall the business seems to be positive, wish coming year business can grow more and stable
23/05/2019 5:33 PM
thanaraj ELK- RESOUCES BHD share is a worthwhile investment in terms of its dividend Dy=4.61% and ROE at 8.0% which is better than your bank FD interest rate at 3 to 4 %. The Agm is on 8/8/2019.The annual report for year 2019 will not be mailed to you ( lazy lot these days) unlike other years and you have to contact the company Registrar which is Tricor. Or you can request Tricor (at Bungsar South) by phone to mail to yr home address. A.David
10/07/2019 4:47 PM
EricHoe any special news about this share, last week till now keep on rise, nowI all time high
16/07/2019 11:09 AM
Meng business growing up...
16/07/2019 4:41 PM
chwong28 https://www.thestar.com.my/business/business-news/2019/07/16/elkdesa-establishes-rm1bil-mtn-programme/
16/07/2019 11:00 PM
chwong28 Elkdesa, same industry as Aeon Credit and Rcecap, providing Hp loan for used car. Going to issue MTN medium term note of RM100m to increase their business, high capacity for leveraging up
16/07/2019 11:01 PM
chwong28 TP 1.98, could be higher with issuance of MTN, expected revenue and profit growth 20% per year
16/07/2019 11:02 PM
RainT wah
13/08/2019 2:16 PM
PenguinDad no more game. run out of steam. ha...
18/08/2019 8:12 AM
Kingfisher Know nothing about this very steady and resilent counter..Somemore want to comment !!!
Real Penguin lah..
19/08/2019 11:21 AM
PenguinDad Slowly distributing and than say good bye! Ha....
20/08/2019 8:05 AM
sleang another set of good results! steady..
22/08/2019 7:03 PM
tracylim Indeed.. I will just keep Elk as a mini blue chip.
22/08/2019 8:27 PM
Meng better than many blue chips in the market
23/08/2019 9:03 AM
PenguinDad distributing again! fooling everybody.
23/08/2019 9:31 AM
Meng the hire purchase receivables grow 7.67% this quarter. compare to previous year average quarterly grow rate at 5.32%. expect will have better performance next quarter.
23/08/2019 10:37 AM
PenguinDad wait for 3 more months and continuous distributing...will u hold. ha....
23/08/2019 11:08 AM
Meng i din sell since the day i bought.
23/08/2019 11:28 AM
PenguinDad we got a investor here.
23/08/2019 1:40 PM
RainT @meng

so will keep until u die?
10/09/2019 3:22 PM
Meng my way of investment is as long as company still good, and there is no other better investment, there is no reason to sell. unless need $ urgently la.
11/09/2019 9:31 AM
tracylim Wait for a year or two and we will all know.
18/09/2019 1:22 PM
tracylim Good to see Elk going slow but steady...
30/10/2019 1:11 PM
Meng just patiently waiting for quarter report
05/11/2019 9:46 AM
Jackiee Double digit growth guaranteed by director.. Let's see
18/11/2019 10:50 AM
sleang yet another set of steady results! good work
19/11/2019 6:45 PM
Meng results is good and steady grow. but dividend is lower than expected. did not meet 60% of the net profit. 3.5sen / 6.25sen (diluted eps) = 56%. next dividend pay out expect to be more
19/11/2019 8:10 PM
newuser999 Meng:EPS mana ada 6.5 cent? 3.24 only, but give 3.5 div
20/11/2019 12:10 PM
Meng first half year. June and Sept report
20/11/2019 1:55 PM
wongck Hope shareholders are rewarded faithfully
20/11/2019 8:35 PM
factslim1 ELK-Desa Resources Bhd net profit for the second quarter ended Sept 30, 2019 rose 11.6% to RM9.62 million from RM8.62 million a year earlier, due to the improved performance in its hire purchase portfolio for the quarter under review.

In a filing to the stock exchange Nov 19, the firm said revenue for the quarter rose to RM36.62 million from RM30.99 million previously.

Earnings per share was 3.24 sen versus 2.94 sen earlier.

ELK-Desa declared an interim dividend of 3.50 sen per share for the financial year ending March 31, 2020 to be paid on Jan 15, 2020.
21/11/2019 3:02 PM
Meng The hire purchase receivables increase 77m in first half financial year 2020 (Jun 2019 & Sept 2019), compare to last financial year, whole year hire purchase receivables increase 89m, this year the grow rate is consider super fast. with this rate, i guess this financial year net profit will be very close to 40m, and dividend should be around 7.5 ~ 8sen whole year.
23/11/2019 2:47 PM
Sarawakian60 Why PH allow monopoly? Their manifestos again lying?
25/11/2019 9:42 AM


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