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PROFIT GUIDANCE FOR THE GROUP' S UNAUDITED HALF YEAR FINANCIAL RESULTS FOR THE SIX MONTH PERIOD ENDED 31 DECEMBER 2021
The Board of Directors (the ' Board' ) of CFM Holdings Limited (the ' Company' , and together
with its subsidiaries, collectively the ' Group' ) wishes to issue a profit guidance for the Group' s
financial results for six month financial year ended 31 December 2021 (' HY2022' ).
Based on the preliminary figures, the Group expects to record a profit after tax for HY2022 as
compared to the net loss after tax for HY2021. The improvement in financial performance in
terms of profit after tax for HY2022 was mainly due to higher revenue by the metal stamping
segment due to ramp up of customer' s orders, increase in unit price to customers due to
global material price increase and a slightly higher revenue from the cleanroom segment,
whilst lower revenue was generated by the toolings, warehousing and logistics segments.
Despite incurring higher operational costs and tax, the company is expected to record a profit
after tax for HY2022 as compared to a net loss after tax for HY2021.
Further details of the Group' s performance will be disclosed when the Company announces
its unaudited financial results for HY2022 on or before 14 February 2022.
The Board of Directors (the ' Board' ) of CFM Holdings Limited (the ' Company' , and together
with its subsidiaries, collectively the ' Group' ) wishes to issue a profit guidance for the Group' s
financial results for six month financial year ended 31 December 2021 (' HY2022' ).
Based on the preliminary figures, the Group expects to record a profit after tax for HY2022 as
compared to the net loss after tax for HY2021. The improvement in financial performance in
terms of profit after tax for HY2022 was mainly due to higher revenue by the metal stamping
segment due to ramp up of customer' s orders, increase in unit price to customers due to
global material price increase and a slightly higher revenue from the cleanroom segment,
whilst lower revenue was generated by the toolings, warehousing and logistics segments.
Despite incurring higher operational costs and tax, the company is expected to record a profit
after tax for HY2022 as compared to a net loss after tax for HY2021.
Further details of the Group' s performance will be disclosed when the Company announces
its unaudited financial results for HY2022 on or before 14 February 2022.
UPDATE ON THE LITIGATION SUIT
The Board of Directors (the ' Board' ) of CFM Holdings Limited (the ' Company' , and
together with its subsidiaries, collectively the ' Group' ) refers to the Company' s
announcements (' Announcement' ) dated 4 July 2013, 10 February 2014, 26 August
2014, 4 February 2015, 27 August 2015, 5 February 2016, 26 August 2016, 9 February
2017, 25 August 2017, 9 February 2018, 6 April 2018, 24 August 2018, 1 February
2019, 28 August 2019, 12 February 2020, 2 March 2020, 27 August 2020, 2 October
2020 and 18 August 2021 relating to a claim by T-Net International (H.K.) Co. Limited
(formerly known as Showa International (HK) Co., Ltd) (' Showa' ) against Hantong
Metal Component (Penang) Sdn. Bhd. (' HTPG' ), a wholly-owned subsidiary of the
Company for the purported cost of producing new tooling due to HTPG purportedly
withholding Showa' s tooling for outstanding receivables.
As set out in the Company' s announcement on 12 February 2020, the Court of Appeal
of Malaysia had on 29 January 2020 allowed our appeal and set aside the decision of
the High Court.
Showa exercised its right to file an application to the Federal Court for leave to appeal to
the Federal Court on the decision of the Court of Appeal on 28 February 2020. The
leave to appeal was approved by the Federal Court of Malaysia.
The Federal Court had on the 17th January 2022, as informed by the HTPG solicitors,
allowed Showa' s appeal with costs of RM20,000 and the matter is now deferred to the
High Court for the assessment of general damages before the Deputy Registrar. The
claim is for general damages related to conversion, breach of contract and loss of
reputation. Showa will have to prove all these claims and HTPG is seeking advice from
its solicitors. The Federal Court restored the decision of the High Court dated 4 April
2018 including
i) the award of special damages amounting to USD334,520.32 (equivalent in
Ringgit Malaysia),
ii) nominal damages of RM5,000
iii) interest at 5% p.a. on item (i), (ii) and (iv)
iv) general damages
In view of the High Court Judgement dated 4 April 2018 (FY2018), HTPG had already
in 2018 made a provision of S$0.6 million (RM1.8 million).
The Company will make further announcement to update the public if there are material
developments on this matter.
Pending the High Court' s assessment of the general damages, the financial impact on
the Group' s NTA per share and EPS up to the point of this announcement will be
RM20,000 plus other costs that are yet to be determined at the point of this
announcement. The known financial exposure has an immaterial adverse impact on the
EPS and NTA per share of the Group for the financial year ending 30 June 2022. As of
the date of this announcement, the directors have assessed that additional liabilities will
be accrued as and when the amount is definitive.
The Board of Directors (the ' Board' ) of CFM Holdings Limited (the ' Company' , and
together with its subsidiaries, collectively the ' Group' ) refers to the Company' s
announcements (' Announcement' ) dated 4 July 2013, 10 February 2014, 26 August
2014, 4 February 2015, 27 August 2015, 5 February 2016, 26 August 2016, 9 February
2017, 25 August 2017, 9 February 2018, 6 April 2018, 24 August 2018, 1 February
2019, 28 August 2019, 12 February 2020, 2 March 2020, 27 August 2020, 2 October
2020 and 18 August 2021 relating to a claim by T-Net International (H.K.) Co. Limited
(formerly known as Showa International (HK) Co., Ltd) (' Showa' ) against Hantong
Metal Component (Penang) Sdn. Bhd. (' HTPG' ), a wholly-owned subsidiary of the
Company for the purported cost of producing new tooling due to HTPG purportedly
withholding Showa' s tooling for outstanding receivables.
As set out in the Company' s announcement on 12 February 2020, the Court of Appeal
of Malaysia had on 29 January 2020 allowed our appeal and set aside the decision of
the High Court.
Showa exercised its right to file an application to the Federal Court for leave to appeal to
the Federal Court on the decision of the Court of Appeal on 28 February 2020. The
leave to appeal was approved by the Federal Court of Malaysia.
The Federal Court had on the 17th January 2022, as informed by the HTPG solicitors,
allowed Showa' s appeal with costs of RM20,000 and the matter is now deferred to the
High Court for the assessment of general damages before the Deputy Registrar. The
claim is for general damages related to conversion, breach of contract and loss of
reputation. Showa will have to prove all these claims and HTPG is seeking advice from
its solicitors. The Federal Court restored the decision of the High Court dated 4 April
2018 including
i) the award of special damages amounting to USD334,520.32 (equivalent in
Ringgit Malaysia),
ii) nominal damages of RM5,000
iii) interest at 5% p.a. on item (i), (ii) and (iv)
iv) general damages
In view of the High Court Judgement dated 4 April 2018 (FY2018), HTPG had already
in 2018 made a provision of S$0.6 million (RM1.8 million).
The Company will make further announcement to update the public if there are material
developments on this matter.
the Group' s NTA per share and EPS up to the point of this announcement will be
RM20,000 plus other costs that are yet to be determined at the point of this
announcement. The known financial exposure has an immaterial adverse impact on the
EPS and NTA per share of the Group for the financial year ending 30 June 2022. As of
the date of this announcement, the directors have assessed that additional liabilities will
be accrued as and when the amount is definitive.
SALE AND PURCHASE AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF 51%
OF THE ISSUED SHARE CAPITAL OF SING-SWE MM BIOTECHNOLOGY PTE. LTD. &ndash LAPSE ON
LONG STOP DATE
OF THE ISSUED SHARE CAPITAL OF SING-SWE MM BIOTECHNOLOGY PTE. LTD. &ndash LAPSE ON
LONG STOP DATE
SALE AND PURCHASE AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF 51% OF THE ISSUED SHARE CAPITAL OF SING-SWE MM BIOTECHNOLOGY PTE LTD -- LAPSE ON LONG STOP DATE
https://links.sgx.com/1.0.0/corporate-announcements/3493YS1BGY3DXWZB/696360_SPA%20-%20Lapse%20on%20Long%20Stop%20Date-31.12.2021.pdf
https://links.sgx.com/1.0.0/corporate-announcements/3493YS1BGY3DXWZB/696360_SPA%20-%20Lapse%20on%20Long%20Stop%20Date-31.12.2021.pdf
7 series coming.. how to buy?
HappyQueen ( Date: 16-Dec-2021 10:53) Posted:
|
Company is not doing anything to defence the share price!
This fellow is dropping everyday...hopeless
Ok ok tomorrow will start to buy again. Everyone please join in. Good luck
HappyQueen ( Date: 09-Dec-2021 17:51) Posted:
|
Dear Santas, we need you to push up the price for this counter. Now dropped more than 50% of what I bought 
lp2000 ( Date: 09-Dec-2021 17:03) Posted:
|
Interesting day today. Up more than 13%, i think it may go up more soon, but do not jump in if you are not prepared to keep it for longer as well in case it goes south...
TokKong71 ( Date: 07-Dec-2021 14:52) Posted:
|
Who Dare to enter now? The price is so irresistible. 😂 😂 😂
Wah Lao..dying counter..
Going. Back original pre covid price
@1330
| Last Done Price |
0.106
|
Volume |
185,600
|
| Change |
-0.008
|
%Change |
-7.020
|
| High |
0.116
|
Low |
0.105
|
| Price | Trades | Volume | Sold to Buyer | Bought from Seller | *Other |
|---|---|---|---|---|---|
|
0.105
|
5
|
70,000
|
40,000
|
30,000
|
0
|
|
0.106
|
1
|
8,200
|
8,200
|
0
|
0
|
|
0.108
|
3
|
10,500
|
7,100
|
0
|
3,400
|
|
0.109
|
1
|
2,100
|
2,100
|
0
|
0
|
|
0.110
|
2
|
13,700
|
13,700
|
0
|
0
|
|
0.111
|
1
|
12,600
|
12,600
|
0
|
0
|
|
0.114
|
3
|
6,600
|
0
|
6,600
|
0
|
|
0.115
|
7
|
50,000
|
20,000
|
0
|
30,000
|
|
0.116
|
1
|
11,900
|
0
|
11,900
|
0
|
|
TOTAL:
|
24
|
185,600
|
103,700
|
48,500
|
33,400
|
| Bid Volume | Bid | Ask | Ask Volume |
|---|---|---|---|
|
12900
|
0.092
|
0.106
|
20300
|
|
20000
|
0.091
|
0.107
|
22200
|
|
35100
|
0.090
|
0.108
|
27200
|
|
30000
|
0.089
|
0.109
|
107200
|
|
30000
|
0.088
|
0.110
|
25200
|
|
90000
|
0.084
|
0.111
|
7200
|
|
20000
|
0.075
|
0.112
|
7200
|
|
|
|
0.113
|
25300
|
|
|
|
0.114
|
7200
|
|
|
|
0.115
|
7200
|
|
|
|
0.116
|
105300
|
|
|
|
0.117
|
7200
|
|
|
|
0.118
|
7200
|
|
|
|
0.120
|
10000
|
TheMatrix ( Date: 06-Dec-2021 16:48) Posted:
|
Thats what I suspect too.. This is no crypto stock, how dropped so much? More like insider know something happened and quickly dump this stock.
Luckily, I do a day trading of this, sold with small profit last 2 week.
Luckily, I do a day trading of this, sold with small profit last 2 week.
idwish ( Date: 03-Dec-2021 14:05) Posted:
|
If the directors are not supporting and let it dropped like shit, you know is junk
As said much earlier, on 29th, you are still able to sell it off at 0.18x..take care..cheers..
chiachiawee ( Date: 20-Sep-2021 17:48) Posted:
|
last few days medical was running this one no reaction..
really gone case
really gone case
lp2000 ( Date: 03-Dec-2021 13:25) Posted:
|
I wish we could see 200 again...but it seems to be getting harder to get there unless the company comes out with a good response to the SGX Notice to them...fair enough, it depends if there is BBs' interest to move this down or up again now or wait for its management waters to calm first... Meanwhile, it looks like it is sinking slowly...asking myself the daily question: is it at bottom, or not yet...
@1320
@1320
| Last Done Price |
0.120
|
Volume |
521,400
|
| Change |
-0.006
|
%Change |
-4.760
|
| High |
0.130
|
Low |
0.120
|
| Bid Volume | Bid | Ask | Ask Volume |
|---|---|---|---|
|
12000
|
0.120
|
0.123
|
5000
|
|
50000
|
0.119
|
0.124
|
90000
|
|
24000
|
0.118
|
0.125
|
112300
|
|
56900
|
0.117
|
0.126
|
4800
|
|
90000
|
0.116
|
0.128
|
22000
|
|
20000
|
0.112
|
0.129
|
6000
|
|
90000
|
0.110
|
0.130
|
161100
|
|
30000
|
0.109
|
0.131
|
72200
|
|
50000
|
0.108
|
0.132
|
52200
|
|
30000
|
0.101
|
0.133
|
7200
|
|
100000
|
0.100
|
0.134
|
22200
|
|
|
|
0.135
|
67200
|
|
|
|
0.136
|
17200
|
|
|
|
0.137
|
27200
|
|
|
|
0.138
|
87200
|
Blue_Dragon ( Date: 03-Dec-2021 12:57) Posted:
|
Everyday drops a few percent. . 😭