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Home calvintaneng QL RESOURCES - Shocking Manipulation Revealed & Funds Are Selling & Getting Out, Calvin Tan Research

QL RESOURCES - Shocking Manipulation Revealed & Funds Are Selling & Getting Out, Calvin Tan Research

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Hi Guys,
Due to the Hype of QL Resources I went to take a look at QL. And to my surprise I found unsettling defects which many have overlooked. I also warned about Dufu because I saw Pump & Dump Scheme going on
At last Dufu collapsed
Will QL also collapse in a matter of time. Let's see what Calvin Tan Research has unearthed

First look ay Dufu Price Chart
 

DUFU TECHNOLOGY CORP. BERHAD [S] (7233)

Company Website
Annual Report
General Meetings
DUFU TECHNOLOGY CORP. BHD (7233) Chart
Chart Period:
 



















As you can see from the above DUFU was Pumped by Bonus Issue over Rm4.00 & Now collapsed to Rm1.59 (after 1 for 2 bonus)

Now look at QL Resources Manipulated Price Chart

QL RESOURCES BERHAD [S] (7084)

Company Website
Annual Report
General Meetings
QL RESOURCES BHD (7084) Chart
Chart Period:
 



















The Chart looks impressive as a great growth stock. Really?
Not until you dig deeper & SEE WITH OPEN EYES

1) QL IS NOW GROSSLY OVERVALUED

See these 4 Table of Contents for its last 4 quarterly results

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2018
 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2018
30 Sep 2017
30 Sep 2018
30 Sep 2017
$$'000
$$'000
$$'000
$$'000
1 Revenue
920,255
808,912
1,736,430
1,587,385
2 Profit/(loss) before tax
66,999
65,537
118,177
115,300
3 Profit/(loss) for the period
61,486
57,463
105,142
100,955
4 Profit/(loss) attributable to ordinary equity holders of the parent
60,517(About 6.5% profit)
54,663
104,379
96,695
5 Basic earnings/(loss) per share (Subunit)
3.73
3.37
6.43
5.96
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
3.7300
2.7000
 

So QL made 6.5% Profit which is 3.7 sen for November 2018 report

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2018
 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2018
30 Jun 2017
30 Jun 2018
30 Jun 2017
$$'000
$$'000
$$'000
$$'000
1 Revenue
816,175
778,473
816,175
778,473
2 Profit/(loss) before tax
51,178
49,763
51,178
49,763
3 Profit/(loss) for the period
43,656
43,492
43,656
43,492
4 Profit/(loss) attributable to ordinary equity holders of the parent
43,862( 5.4% Profit)
42,032
43,862
42,032
5 Basic earnings/(loss) per share (Subunit)
2.70
2.59
2.70
2.59
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1500
1.1100

In August Report QL Made 5.4% Net Profit which is 2.70 sen

UMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2018
 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2018
31 Mar 2017
31 Mar 2018
31 Mar 2017
$$'000
$$'000
$$'000
$$'000
1 Revenue
784,427
813,730
3,263,830
3,012,026
2 Profit/(loss) before tax
55,893
61,589
255,321
260,511
3 Profit/(loss) for the period
46,098
48,511
215,682
206,820
4 Profit/(loss) attributable to ordinary equity holders of the parent
46,364(5.9% net
profit)
47,234
206,236
195,921
5 Basic earnings/(loss) per share (Subunit)
2.86
2.91
12.71
12.08
6 Proposed/Declared dividend per share (Subunit)
4.50
4.25
4.50
7.25
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1100
1.0800
 

For May 2018 the Profit is 5.9% at 2.86 sen

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2017
 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
892,018
799,063
2,479,403
2,198,296
2 Profit/(loss) before tax
77,818
75,416
199,428
198,922
3 Profit/(loss) for the period
63,097
61,126
169,584
158,309
4 Profit/(loss) attributable to ordinary equity holders of the parent
57,855(6.5% Net Profit)
56,038
159,872
148,687
5 Basic earnings/(loss) per share (Subunit)
3.57
3.45
9.85
9.16
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1000
1.0800
 

February 2018 report is 6.5% profit at 3.57 sen

Now let's add up its profit in percentage for 4 quarters

6.5% + 5.4% + 5.9% + 6.5% = 24.3%
Divided by 4 = 6.1%
So QL Has A Yearly Profit of 6.1%
At 6.1% what is the Actual Profit of 4 Quarters?
3.73 sen (Nov 2108 table)
2.7 sen
2.86 sen
3.57 sen
Total for the Year = 12.86 sen Profit for Whole Year?


Now what about borrowing costs?
Refer to Balance sheet of November 2018
Long term borrowings (LT Debts/Total Equity) 31%  Rm587.786 Millions
Other short term borrowings   Rm349.813 Millions

So QL has a Total Borrowings of RM937.599 MILLIONS (THAT'S ALMOST RM1 BILLIONS DEBT. PHEW!)
What is the Bank Interest?
If 7% it will be Rm65.631 Millions or 4.04 Sen or a Mere RAZOR THIN 4.18% PROFIT ONLY? WHAT TERRIBLE PERFORMANCE IS THIS?

So 12.86 - 4.04 Bank interest = 8.82 sen NET
Now QL Resources closing price today is RM6.72

What is the P/E?
672 divides by 8.82 = 76.19 PE
AT THIS RATE THAT MEANS THAT IT WILL TAKE 76.19 YEARS TO DOUBLE YOUR MONEY
BETTER PUT YOUR MONEY IN BANK FD AT 3.5%
AT LEAST YOUR MONEY WILL DOUBLE IN 28.57 YEARS with PE of 28.57

BETTER SELL YOUR QL SHARES FIRST THING TOMORROW!!
BEFORE IT CRASHES LIKE DUFU!!!

WHY YOU MUST SELL
BECAUSE AMANAH SAHAM BUMI HAS SOLD AND LEFT ALREADY
See

[QL] Notice of Person Ceasing Substantial Shareholders - AMANAHRAYA TRUSTEES BERHAD-AMANAH SAHAM BUMIPUTERA on 25-Jun-2018

Stock [QL]: QL RESOURCES BHD
Announcement Date 25-Jun-2018

Substantial Shareholder's Particular:

Name AMANAHRAYA TRUSTEES BERHAD-AMANAH SAHAM BUMIPUTERA

Details of Changes:

Currency -

Date of Change Type Number of Shares
  21-Jun-2018 Disposed 560,500


Nature of Interest Direct Interest
Shares Ordinary share
Reason Sale of shares


EPF 1 IS ALSO SELLING
See

[QL] Notice of Person Ceasing Substantial Shareholders - EMPLOYEES PROVIDENT FUND BOARD on 14-Jun-2018

Stock [QL]: QL RESOURCES BHD
Announcement Date 14-Jun-2018 (EPF FUND ONE SOLD ON JUNE 14TH 2018)

Substantial Shareholder's Particular:

Name EMPLOYEES PROVIDENT FUND BOARD

Details of Changes:

Currency -

Date of Change Type Number of Shares
  11-Jun-2018 Disposed 648,800

Nature of Interest Direct Interest
Shares Ordinary share
Reason Disposal of shares

EPF 2 ALSO SELLING

[QL] Notice of Person Ceasing Substantial Shareholders - EMPLOYEES PROVIDENT FUND BOARD on 03-Jul-2018

Stock [QL]: QL RESOURCES BHD
Announcement Date 03-Jul-2018 (EPF FUND NO TWO ALSO SOLD ON JULY 3RD 2018))

Substantial Shareholder's Particular:

Name EMPLOYEES PROVIDENT FUND BOARD

Details of Changes:

Currency -

Date of Change Type Number of Shares
  27-Jun-2018 Disposed 877,600

Nature of Interest Direct Interest
Shares Ordinary share
Reason Disposal of shares
 

WHY GOT EPF FUND NO. 1 & NO. 2?

ANSWER:
EPF OUTSOURCE TO 3 or 4 ENTITIES TO MANAGE ITS FUNDS
IN THIS CASE CITICORP & KWAP ARE BOTH SELLING AND RUNNING AWAY!

WITH PE 76 BOTH ASB & EPF ARE SELLING. SO QL SHARES ARE TANKING

NOW SEE HOW QL INSIDERS ARE MANIPULATING AN ENGINEERED FAKE SUPPORT

IT DECLARED A 4.5 SEN DIVIDEND!
BUT WHERE TO GET THE DIVIDEND WITH SUCH RAZOR THIN  PROFIT & A BILLION RM DEBT LOAD?
NOW GO INTO THE ACCOUNTS AGAIN

Other short term borrowings Rm 349.813 Millions (30.9.2018)  Rm211.527 Millions (31.3.2018)
AHA In 6 short months BORROWINGS INCREASED BY ANOTHER RM138 MILLIONS!!! 

THIS IS ARTIFICIAL 
IT GAVE OUT DIVIDENDS BY BORROWINGS & BOOK COOKING
DID QL DIRECTORS LEARNT FROM THE CROOKS IN TABUNG HAJI?
USING DEPOSITORS MONEY TO PAY OUT DIVIDEND?
OR BERNARD MADOFF WHO PAID OUT DIVIDENDS FOR MANY MANY YEARS UNTIL HE WENT BURST. EVEN HONG KONG & SHANGHAI BANK GOT BURNT OVER USD1 BILLIONS!!
SO THIS MONEY GAME HAS BEEN EXPOSED
ASB & EPF ARE DUMPING
AND INSIDERS ALSO SELLING INTO STRENGTH
THEY ARE BUYING BUY TO GIVE IT A FINAL PUSH FOR DISTRIBUTION

SEE




SEE WHEN THEY SELL. THEY SOLD BY MILLIONS. LATELY THEY ARE BUYING BACK BY THE THOUSANDS. SO THERE IS CLEAR CASE OF DISTRIBUTION TO SORCHAI, SOTONG, IKAN BILIS & WATER FISH

BETTER SELL FAST BEFORE THEY DUMP THE REST

AND ONE MORE REVELATION

COMPANY BUSINESS HAS FACED SATURATION AND UNSOLD STOCKS (INVENTORIES ARE PILING UP)
THIS IS THE EXCUSE OF STARTING PHYSICAL STORE MART TO SELL UNSOLD CLOGGED UP INVENTORIES AS BUSINESS IS BAD
SEE INVENTORIES
Inventories 70 days for Year 2018 September 30th   RM548.117 MILLIONS
Imventories 53 days for Year 2018 31st March  RM376.289 MILLIONS
SO MUCH UNSOLD TIGER PRAWNS, FISH, SURIMI & CHICKEN
UNSOLD INVENTORIES IN JUST 6 MONTHS JUMPED FROM RM376 MILLIONS TO RM548 MILLIONS OR AN INCREASE OF A WHOPPING 45%

LAST TIME IT WAS KEPT REFRIGERATED FOR 53 DAYS. NOW DRAG TO 70 DAYS
THESE PERISHABLES CANNOT LAST SO LONG
IF NOT SOLD THEY WILL ROT UNLIKE RUBBER GLOVES
SO THE STARTING OF PHYSICAL STORES?
JUST AT THE VERY WRONG TIME WHEN E COMMERCE IS HITTING ALL HARD
SEE AMAZON CAPTURED THE FOOD MARKET ONLINE? ALSO IN SINGAPORE THERE REDMART ONLINE BY ALIBABA FOR FRESH GROCERY
THIS QL WILL FACE ALIBABA, REDMART, TABAO & LAZADA CHALLENGE SOON!!!
WHY SALES TO CHINA DROPPED?
AFTER MALAYSIA CANCELLED ECER & OTHER CHINA LINKED PROJECTS PLUS THE NEGATIVE PUBLICITY CHINA TOURISTS HAVE DROPPED. SO CHINA BUYING QL TIGER PRAWN AND OTHERS ALSO DROPPED
QL IS NOW IN GREAT DANGER OF A DOWNGRADE SOON

SO SELL BEFORE OTHER FUNDS FOUND OUT

THIS RESEARCH IS BROUGHT TO YOU BY CALVIN TAN RESEARCH
SINGAPORE

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/189675.jsp
calvintaneng
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