Lenson Tan's comment on ARBB. All Comments

Lenson Tan
5 Like · Reply
关于ARB狂赚8.6mio的迷思:
1)8.6mio profit 里有3.6mio的income是以RM2卖dormant subsidiary company给AY Brothers Sdn Bhd.
2) 为什么卖给对方区区RM2会有RM3.6mio的income?这是因为被卖的子公司有负资产(shareholders fund deficit) 3.6mio, 当子公司被卖掉,3.6mio的负资产会从consol balance sheet拿掉,就会产生3.6mio 的income.
3) 为什么AY Brothers 要去买负资产3.6mio 的空壳/dormant的公司呢?而且AY Brothers 的缴足资本(paid-up capital) 只有RM100并有两个私人股东痴有. 这不竟让人怀疑这3.6 mio 的 income 是不是创造出来的?
4)关于Trade receivables有点高,这是因为公司给的账期是3-4个月,再加3个月的账期(参阅报表), 一共是6-7个月的账期。那么长的账期,合理不合理你们自己判断
5)那么长的账期,公司哪来的现金运营,用的就是PA conversion 的钱
6)为什么财报是中午公布,而不是下午公布?也许中午公布投资者没时间细读8.6mio profit是包括3.6mio卖子公司的income, 然后一窝蜂的追高?!!!

以上只是本人的个人观点和对ARB的疑点,并无任何买卖的建议。
Show more
Jean Jong
A good feedback. But i will still invest conservatively
1 Like · 5 years · translate
Jean Jong
Reason was that, up to now, i have converted almost 6 rounds. All of them 100% gain from arbitrage (average 4.5sen per round). And the PA price is very stable hovering @ 0.20 to 0.22.
1 Like · 5 years · translate
Jean Jong
this counter is ensuring investors make money. as long as we invest in PA, it is quite safe and i hv no problem continue throwing 0.19 conversion $ to them as long as the arbitrage stays. Win-win
1 Like · 5 years · translate
joseph law
Thx for sharing really helpful
Like · 5 years · translate
joseph law
Jean long what PA stand for
Like · 5 years · translate
Jean Jong
7181PA (ICPS)
2 Like · 5 years · translate