tag:blogger.com,1999:blog-5452987871758437082024-02-18T19:03:07.395-08:00KLSE Stocks Trading - by MIVCOInvestment Training/Tutorial for Stocks Analysis
Speaker/Trainer for Fundamental and Technical Analysis
Business Consultation for Valuation and Investment Advice (corporate and individuals)
Real Estate Investments and Market Analysis Consultation
Real Estate Investment Planning (Investors Group & Developers)
Speaker/Trainer for Real Estate Groups Investments
Investment Holdings for MIVCO
Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.comBlogger71125tag:blogger.com,1999:blog-545298787175843708.post-15066550431999424462017-05-10T08:37:00.004-07:002017-05-10T08:39:31.889-07:00Dancomech Holdings Berhad – Betting on the Upcoming Free Warrants ! <div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">CO-Written by: Kar Jun & Humblepie</span></b></div>
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<!--[if !supportLists]--><b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">1.</span></b><!--[endif]--><b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Company Profile:<o:p></o:p></span></b></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">It is a Malaysia-based company that was incorporated
in Malaysia on 17 June 2013 as a public limited company lead by both its
managing director Daniel Aik Swee Tong and executive director Johnson Aik Cwo
Shing who have made it debuts in Bursa Malaysia in 2016. <o:p></o:p></span></div>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">2</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">.
<b>Principal Activities of the Company:</b><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">The Group is engaged in the business of trading and
distribution of process control equipment and measurement equipment such as
valves, switches, actuators, bursting discs, float, gauges, recorders, pressure
transmitters and so forth. Its products are either sourced from third party
suppliers or original equipment manufacturers (OEM).<o:p></o:p></span></div>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Pricing
Analysis:<o:p></o:p></span></b></div>
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<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">a)<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;"> </span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Growth
Potential:<o:p></o:p></span></div>
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<span style="background: white; font-family: "times new roman" , serif; font-size: 12pt; line-height: 150%;">In January 2017, Dancomech announced that it ventures
into the business of pumps manufacturing. The Group paid RM4.25mil to have its
own pumps business along with a factory that produces the pumps</span><span style="border: 1pt none; font-family: "times new roman" , serif; font-size: 12pt; line-height: 150%; padding: 0in;"> via</span><span style="background: white; font-family: "times new roman" , serif; font-size: 12pt; line-height: 150%;"> acquiring
Chun Khong Engineering Works Sdn Bhd, a company which owns a 99-year leasehold
industrial land with single-storey industrial buildings in Perak. The earnings
are expected to grow as this acquisition is immediately earnings accretive. The
pumps business is largely controlled by two main players and the Group is now
buying one of them, hence instantly making them a pump player</span><span style="border: 1pt none; font-family: "times new roman" , serif; font-size: 12pt; line-height: 150%; padding: 0in;">. Also, the pumping business in Malaysia has a market size of
approximately RM30 mil to RM40 mil per annum which the Group is anticipating to
record 20% from the market or RM6-8 mil of the new business in 2017. Thereby,
the group can record a further 10-20% of the market yearly. </span><span style="background: white; font-family: "times new roman" , serif; font-size: 12pt; line-height: 150%;"><o:p></o:p></span></div>
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<span style="border: 1pt none; font-family: "times new roman" , serif; font-size: 12pt; line-height: 150%; padding: 0in;">Source from: </span><a href="http://www.thestar.com.my/business/business-news/2017/01/09/dancomech-ventures-into-valve-manufacturing/"><span style="border: none 1.0pt; font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%; padding: 0in;">http://www.thestar.com.my/business/business-news/2017/01/09/dancomech-ventures-into-valve-manufacturing/</span></a><span style="border: 1pt none; font-family: "times new roman" , serif; font-size: 12pt; line-height: 150%; padding: 0in;"> <o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">b)<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Financial Health Analysis:<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">i.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;"> </span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Income
Statement:<o:p></o:p></span></div>
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</span>i.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Net Profit Margin = 29.34%, - Very Good <o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;"><span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span>ii.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Interest Coverage = 4,908 / 2 = 2,454x –
Very Good ! <o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiE52mDwRAfl5D6xnod3G9e-m077K1gb_LEoqlzK8TfHHD-p18r369dazgKyoH2TiPUNRWF2V0Cr9V96vxuUtuDCgpOWcLgFOiNnHvmpcON9FYAzPDIgZ5B_lcbEZbaUZkSlSVak3PZOuE/s1600/Danco+2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="262" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiE52mDwRAfl5D6xnod3G9e-m077K1gb_LEoqlzK8TfHHD-p18r369dazgKyoH2TiPUNRWF2V0Cr9V96vxuUtuDCgpOWcLgFOiNnHvmpcON9FYAzPDIgZ5B_lcbEZbaUZkSlSVak3PZOuE/s640/Danco+2.png" width="640" /></a></div>
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<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;"><span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span>iii.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Profit for the past 5 years= Not
available, but by comparing 2 years’ revenue growth, it shows -12.09%
year-to-year.<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">c)<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Balance Sheet:<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;"><span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span>i.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;"> </span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Current
Ratio = 4.87, Healthy! <o:p></o:p></span></div>
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</span>ii.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;"> </span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Debts
to Equity Ratio= 0.21, Healthy! <o:p></o:p></span></div>
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</span>iii.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;"> </span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Trade
and other receivable= declined slightly (Positive Note)<o:p></o:p></span></div>
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</span>iv.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;"> </span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Bank
borrowings= Declined (Positive Note)<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">d)<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
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</span>i.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Positive at least 1 year – Positive cash
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</v:rect><![endif]--><!--[if !vml]--><span style="height: 26px; left: 0px; margin-left: 39px; margin-top: 38px; mso-ignore: vglayout; position: absolute; width: 553px; z-index: 251666432;"><img height="26" src="file:///C:/Users/User/AppData/Local/Temp/msohtmlclip1/01/clip_image010.png" v:shapes="Rectangle_x0020_15" width="553" /></span><span style="height: 26px; left: 0px; margin-left: 39px; margin-top: 38px; mso-ignore: vglayout; position: absolute; width: 553px; z-index: 251666432;"><br /></span><span style="height: 26px; left: 0px; margin-left: 39px; margin-top: 38px; mso-ignore: vglayout; position: absolute; width: 553px; z-index: 251666432;"><br /></span><span style="height: 26px; left: 0px; margin-left: 39px; margin-top: 38px; mso-ignore: vglayout; position: absolute; width: 553px; z-index: 251666432;"><br /></span><!--[endif]--><!--[if gte vml 1]><v:shape id="Picture_x0020_14"
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</v:shape><![endif]--><!--[if !vml]--><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;"><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Therefore,
Dancomech passed all my financial health ratios except for the revenue growth
as only 4 quarters result are available.<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;"><br /></span></b></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6hvNopFNqALz82Do11AaGvsEEHb3jWDIBUpMt6dt7hP7en6GZMIR1DE0VhvjzJ-k0OATYCeS6wypTWAhRAaTwt-aNX7o-_eIBKAPy-WfdfWt6J55Lzjhk_55aaC6wT7hkY95v_PpwvTA/s1600/Danco+5.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="496" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6hvNopFNqALz82Do11AaGvsEEHb3jWDIBUpMt6dt7hP7en6GZMIR1DE0VhvjzJ-k0OATYCeS6wypTWAhRAaTwt-aNX7o-_eIBKAPy-WfdfWt6J55Lzjhk_55aaC6wT7hkY95v_PpwvTA/s640/Danco+5.png" width="640" /></a></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify; text-justify: inter-ideograph;">
<b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;"><br /></span></b></div>
<div class="MsoListParagraphCxSpFirst" style="line-height: 150%; margin-left: 31.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -27.0pt; text-justify: inter-ideograph;">
<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">e)<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Pricing Analysis:<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-left: 1.0in; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -.25in; text-justify: inter-ideograph;">
<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">i.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;">
</span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Price to Book Value= 2.18 (high but
acceptable as the company is growing)<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-left: 1.0in; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -.25in; text-justify: inter-ideograph;">
<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">ii.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;"> </span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Dividend
Yield= 1.01% (<span style="background: white;">for a company in high expansion
mode, any dividends payout is a bonus)</span>.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-left: .75in; mso-add-space: auto; text-align: justify; text-indent: .25in; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;"> <span style="background: white;">Dancomech has a 30% dividend payout
policy.<o:p></o:p></span></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-left: 1.0in; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -.25in; text-justify: inter-ideograph;">
<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">iii.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;"> </span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;"> PE Ratio = 17.29, high pricing as at
13/03/2017<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-left: 58.5pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -4.5pt; text-justify: inter-ideograph;">
<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">iv.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;"> </span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;"> Forecast future pricing by taking the average
of 4 quarters and multiply on its growth rate as mentioned in the below:<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-left: 49.5pt; mso-add-space: auto; text-align: justify; text-indent: 22.5pt; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Forecast Future Price= PE ratio divided by EPS * Growth
rate<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-left: 49.5pt; mso-add-space: auto; text-align: justify; text-indent: 22.5pt; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Averaged EPS (2.20+3.5+1.8+2.4) * 15% growth rate =
11.385 sen<o:p></o:p></span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; margin-left: 112.25pt; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 118.35pt;" valign="top" width="158"><div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-bottom: .0001pt; margin: 0in; mso-add-space: auto; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">P/E Ratio<o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 129.15pt;" valign="top" width="172"><div class="MsoListParagraphCxSpLast" style="line-height: 150%; margin-bottom: .0001pt; margin: 0in; mso-add-space: auto; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Forecasted Price<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 118.35pt;" valign="top" width="158"><div class="MsoListParagraphCxSpFirst" style="line-height: 150%; margin-bottom: .0001pt; margin: 0in; mso-add-space: auto; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">X14<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 129.15pt;" valign="top" width="172"><div class="MsoListParagraphCxSpLast" style="line-height: 150%; margin-bottom: .0001pt; margin: 0in; mso-add-space: auto; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">RM1.59<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 118.35pt;" valign="top" width="158"><div class="MsoListParagraphCxSpFirst" style="line-height: 150%; margin-bottom: .0001pt; margin: 0in; mso-add-space: auto; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">X15<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 129.15pt;" valign="top" width="172"><div class="MsoListParagraphCxSpLast" style="line-height: 150%; margin-bottom: .0001pt; margin: 0in; mso-add-space: auto; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">RM1.70<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 118.35pt;" valign="top" width="158"><div class="MsoListParagraphCxSpFirst" style="line-height: 150%; margin-bottom: .0001pt; margin: 0in; mso-add-space: auto; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">X16<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 129.15pt;" valign="top" width="172"><div class="MsoListParagraphCxSpLast" style="line-height: 150%; margin-bottom: .0001pt; margin: 0in; mso-add-space: auto; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">RM1.82<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 118.35pt;" valign="top" width="158"><div class="MsoListParagraphCxSpFirst" style="line-height: 150%; margin-bottom: .0001pt; margin: 0in; mso-add-space: auto; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">X17<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 129.15pt;" valign="top" width="172"><div class="MsoListParagraphCxSpLast" style="line-height: 150%; margin-bottom: .0001pt; margin: 0in; mso-add-space: auto; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">RM1.93<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<div class="MsoListParagraphCxSpFirst" style="line-height: 150%; margin-left: 49.5pt; mso-add-space: auto; text-align: justify; text-indent: 22.5pt; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-left: 49.5pt; mso-add-space: auto; text-align: justify; text-indent: 22.5pt; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: 150%; margin-left: 58.5pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: 0in; text-justify: inter-ideograph;">
<!--[if !supportLists]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">v.<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal; line-height: normal;"> </span></span><!--[endif]--><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;"> What is the main catalyst that driving the
company to score such earnings?<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="line-height: 150%; margin-left: 1.0in; mso-add-space: auto; text-align: justify; text-indent: .5in; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">The
Group is expected to add an additional gross profit of RM1.8mil to RM2.4mil that
derived from 30% typical margins of RM6-8mil of the new pumping business
venturing for 2017. The Group aims to have a revenue growth of 5-10% at least
for Indonesia this year. With a strong net cash position of RM44.9mil as at
Sept 30 coupled with an annual operating cashflow of RM12-17mil, this allows
management the flexibility to meet its annual capex requirement of RM3-4mil
while maintaining a consistent dividend payout of 30%.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; margin-left: 1.0in; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">The Group is eyeing to register its
growth of about <span style="background: yellow; mso-highlight: yellow;">15%</span>
this year. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpFirst" style="line-height: 150%; margin-left: 1.0in; mso-add-space: auto; text-align: justify; text-indent: .5in; text-justify: inter-ideograph;">
<br /></div>
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<br /></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgR9xah2jCyIHowCYwTS5XsNwyKzw-21qQYaiO7WNAeTp180MwPnsgzBF5aYQaZVYEK2KRm1RiZqq3CecOgPNi1PuIHRYgqfZ_hIwX_5b5kGBNW_1QOrGxwS46BQCqUXYhholXpeYUfeCI/s1600/Danco+6.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgR9xah2jCyIHowCYwTS5XsNwyKzw-21qQYaiO7WNAeTp180MwPnsgzBF5aYQaZVYEK2KRm1RiZqq3CecOgPNi1PuIHRYgqfZ_hIwX_5b5kGBNW_1QOrGxwS46BQCqUXYhholXpeYUfeCI/s640/Danco+6.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKTlo0xWay609aoA4B1AldKYSIPt5Y0-f7hhtEE3X-pTsl43voPx-fNKJlK4gV0OkIimsqC3Ul9kqKInB4YhvKeFtV3OGXm0eiCGb5MeuBbQTmeKPsVGXYClJWlwPo3tKyfdML8VJY3hY/s1600/Danco+7.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="112" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKTlo0xWay609aoA4B1AldKYSIPt5Y0-f7hhtEE3X-pTsl43voPx-fNKJlK4gV0OkIimsqC3Ul9kqKInB4YhvKeFtV3OGXm0eiCGb5MeuBbQTmeKPsVGXYClJWlwPo3tKyfdML8VJY3hY/s640/Danco+7.png" width="640" /></a></div>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;"><br /></span></b></div>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">4.
Conclusion & Personal Opinion:<o:p></o:p></span></b></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">The 2 main catalysts of 2017 for
the Group have identified by the management which are 1) venturing into pumping
business thereby selling it to local and Indonesia market where it aims to
capture 5-10% revenue growth this year; 2) Catering potential customers from
oil and gas players in Johor (Peninsular Malaysia) for RAPID project and, Lahad
Datu and Bintulu (East Malaysia) by setting up distribution hub that is
proximity to the key areas. <o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12.0pt; line-height: 150%;">Warrants will be given for free on 18 May with the
exercise price of RM0.30. Without the info of Implied Volatility, Effective Gearing
and Delta, I am not able to calculate the Fair Value for the warrants. But looking
at the current situation, the first trading should be able to hit limit up for
the warrants follow by the next day trading range of 40 cents plus minus. The assumption
for FV can’t be determined clearly as information is incomplete. For the
shareholders, maybe you can look forward for the free warrants rather than to
sell to market now! <o:p></o:p></span></div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com6tag:blogger.com,1999:blog-545298787175843708.post-85093693428814258312017-05-10T07:32:00.001-07:002017-05-10T07:32:15.051-07:00OCK- How Much Does The Warrant Worth?<div dir="ltr" style="text-align: left;" trbidi="on">
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Co- Written: By Alvin L & Humblepie (BBO Value Investing) </div>
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After another record year in 2016, what’s next? OCK had successfully venture into Vietnam market, by acquiring Southeast Asia Telecommunication Holding Pte Ltd (SEATH), the largest independent base transceivers station (BTS) owner in Vietnam. SEATH holds 100 per cent of three BTS owners in Vietnam: the VNC-55 Infrastructure JSC, the Mobile Information Service JSC, and the Global Infrastructure Investment JSC. They own and lease 1,938 BTS and over 150 in-building systems (IBS) for mobile network operators in Vietnam. SEATH average net-profit from 2013-2015 is RM7.4 mil, 2017 will be the first full year profit from SEATH.</div>
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Another successful strategy that OCK did was entering to Myanmar market, a population of 54mil and an average GDP growth rate of 7%. OCK having a Master Service Agreement with Telenor Myanmar for the construction and lease 920 telecommunication towers. It is believe that OCK will finish all the towers and pass to Telenor Myanmar this year. The deal is in a long-term "build and lease" business model that will deliver OCK rental income for 12 years, according to the agreement. Partnership with Telenor Myanmar is an advantage as the company currently operated the largest 3G network in Myanmar, and serves more than 12 million customers, and covers with its network over 60% of the population. For your information, Myanmar awarded its fourth - and final - telecoms license to Myanmar National Tele& Communication (MNTC). It could increase the tenancy ratio of OCK to build and lease telecommunication towers to the company, as OCK had already established her name in Mynamar.</div>
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Telecommunication services still remains as the largest contributions for OCK, so venturing into emerging markets provides tons of opportunities for OCK. In Cambodia, the group’s project involving dredging and laying works for 800km of fiber for Telecom Cambodia, is at the tail end. So we won’t see much contribution for the group in 2017. On the other hand, Instead of owning its own telecoms towers and competing head-on with the giant tower companies in Indonesia, OCK will participate in the local market by providing the telcos there tower-management services, although the market was attractive. Today, OCK are the largest telecoms-managed services company in Indonesia, commanding 23% of the market by number of towers.</div>
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Key Question: Mother Price selling at 0.895 , how much does the warrants worth?</div>
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With the Implied Volatality of 29.52%, the Fair Value for OCK-Wa should be at 0.33 which is exactly the current closing price of OC-Wa. The market has priced in the the FV with no arbitrage opportunity. Talk about Efficient Market Hypothesis! </div>
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Lately, RHB Research came out with the Target Price of OCK @ RM1.05. So, the golden question would be:</div>
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What is the FV for the warrants if OCK is trading at RM1.05?</div>
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The OCK- Wa will be worth RM0.46 which is is potential 40% upside from 0.33</div>
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Mother price will be gaining 16.6% with the same TP of RM1.05.</div>
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P/S: One of the reason on top of the leveraging concept for warrants trading, I am choosing the OCK Wa instead of the mother is because the low/negligible dividend payout. If you know what i means =)</div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com3tag:blogger.com,1999:blog-545298787175843708.post-60523318810984178412017-01-02T22:43:00.001-08:002017-01-02T22:43:05.375-08:00Oceancash Pacific - Story That Many Have Overlooked<div dir="ltr" style="text-align: left;" trbidi="on">
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<u style="color: #333333; font-family: verdana, arial, helvetica, fantasy, sans-serif; line-height: 16px;">Company Profile</u></div>
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Oceancash is founded and led by Mr. Tan Siew Chin since year 1997 (Oceancash Felts Sdn Bhd) and listed on Bursa Mesdaq Market in year 2004. From 1997 to 2004, it is indeed a short 7 years to build a company from a Sdn Bhd to a Bhd.</div>
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What Oceancash do?</div>
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Extracted from Oceancash's Corporate Website:</div>
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<span arial="" font-size:="" unicode=""><span style="background-color: yellow;">Oceancash Felts Sdn. Bhd. (OFSB), a wholly owned subsidiary of Oceancash Pacific Berhad (OPB), is principally involved in the manufacturing of resinated felts and thermoplastic felts for heat insulation and sound insulation which include but not limited to; interior and exterior trims in automobiles, noise damper for compressors of split unit air conditioners as well as insulation in buildings including roofs, walls, partitions, and carpet underlay.</span></span></div>
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<span style="background-color: yellow;">Oceancash Nonwoven Sdn. Bhd. (OCN), a wholly owned subsidiary of Oceancash Pacific Berhad (OPB), was incorporated on December 21, 1999 in Malaysia. The principal activities of OCN are in the manufacturing and trading of air-through bonded nonwoven, and thermal bonded nonwoven, which are widely used in the disposable hygienic products industry. Its application include top-sheets, second layer, acquisition distribution layer (ADL), and back-sheet for diapers, sanitary napkins, wet wipes, and surgical apparels including caps, masks, and gowns.</span></div>
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Why I like this company? She fulfilled the FA requirements that I am looking for and has a good growth story to tell. </div>
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<strong><u>1<sup>st</sup> Growth Potential After Additional RM14m Spend on PPE </u></strong></div>
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She has spend RM12.56m in year 2015 for PPE purposes (Figure 1). Talking about improving their upcoming revenue for the group level. =)<br />
<strong>Key word :</strong> According to the Chairman, the PPE will be contributing postively in 2nd half of 2016. To look at the info in details, the breakdown for the 2 more signifinact investments for PPE are as per below:<br />
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RM9.1m for Plant and Machinery<br />
RM4.1m for Building Under Construction<br />
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Under Accounting Treatment for Cash Flow, the column for 'Investing Activities' is good if it is in negative value. It means the company is spending monies to increase the potential income in the near future for Investment Activites via PPE. Definately it is fair for us to expect the company to achieve higher revenue and profits for 2nd half of 2016 onwards after much monies spend. By the way, we are waiting for 4th QR Report for 2016 right? =)<br />
Additional note, receivables has gone down from Rm3.1m to Rm1.6m. </div>
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Figure 1<br />
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Figure 2:<br />
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<strong><u>2<sup>nd</sup> Financial Health Analysis</u></strong><br />
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Figure 3:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKzl4l2Q48ib-TEMBCDO-ZTqphl4SDpZJPUAIAmRSEQVFjxUSftZmJWYIEGcO_r1gZa7ZmuQqjx_uJa9ouPGhPvpzvGIifSZVE2DJrhVpd1LQQ3tH_CQEp6w-2zLKv4gXlpKAuaR4DmvU/s1600/OCN+9.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="362" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKzl4l2Q48ib-TEMBCDO-ZTqphl4SDpZJPUAIAmRSEQVFjxUSftZmJWYIEGcO_r1gZa7ZmuQqjx_uJa9ouPGhPvpzvGIifSZVE2DJrhVpd1LQQ3tH_CQEp6w-2zLKv4gXlpKAuaR4DmvU/s640/OCN+9.png" width="640" /></a></div>
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<u>Income Statement</u></div>
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Profit Margin = 8.57% - pass (<5% fail)</div>
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3.7% in year 2011 to 11% in year 2016 – It is in an increasing manner for the past 5 years (A job well done). From here i can see a good growth pattern.<br />
CAGR of 19.9% from 2011 to 2016. (N =5, PV = 3.7, FV = 11)</div>
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Interest Cover = 8.7x - pass (<3x fail)</div>
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Profit for the past 5 years = Yes, steadily grow from RM2.15m in year 2011 to RM8.57m year LTM 12 months of 2016. Profits are compounded at 38.6% for the last 5 years. The profits are compunded at a slow and steady position. </div>
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<u>Balance Sheet</u></div>
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Current Ratio = 1.88x – pass (<1x fail)</div>
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Debts to Equity Ratio = 0.4x – pass (>3x fail)</div>
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Don't see the company is having liquidity problem for now.<br />
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<u>Cash Flow</u></div>
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Positive at least 1 year = Pass<br />
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<strong>OCEANCASH PASSED ALL MY FINANCIAL HEALTH RATIOS !</strong></div>
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<strong><u>3<sup>rd</sup>. Pricing Analysis (Acceptable low PE!)</u></strong></div>
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Price to Earnings or PE Ratio for 2016 = </div>
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Using the Rolling 4 Quarters EPS: 3.932 = 0.395/3.932 = PE 10x (affordable and acceptable)</div>
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Forecast Future PE by using EPS 3 Quarters for 2016 and annualized it =4.13 </div>
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Forecast Future P/E = 0.395/4.13 X 100 = 9.5x (slightly lower than rolling 4 QR PE)</div>
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<strong>Let's look at the potential plus point: </strong><br />
The projection of increase of EPS for final Quarter 2016 is doable. Why I say so?<br />
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Historical numbers:<br />
9 months PAT for 2016 (Figure 4) = RM 6.932m<br />
9 months PAT for 2015 (Figure 5) = RM 7.086m<br />
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<strong>A shortfall of RM0.154m for year 2016 compared to year 2015. </strong><br />
<strong>THE BEST PART MOST OVERLOOK IS AT FIGURE 6, item B3: </strong><br />
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Figure 4:<br /><br />
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Figure 5: </div>
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Figure 6:<br />
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Look at what the Management Team said:<br />
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<strong>Baring unforeseen circunstances, performance for FY 2016 to be better than FY 2015.</strong><br />
Current 9 months of P&L, PAT for year 2016 is lower than 2015 at RM154k!<br />
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Assuming worst case scenario: If the Management guidance/projection is correct, the forecasted Final Quarter of 2016 should be AT LEAST to match the same earnings as 2016 (4th QR 2015) RM 1.836 + RM 0.154 (short fall of 9 months 2016 VS 2015)<strong>= RM1.99m </strong><br />
<strong>BY RECORDING A PAT OF MINIMUM RM 1.99M FOR 4TH QR 2016: The 4th QR 2016 results will be better than 4th QR 2015. </strong><br />
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<strong>4. Catalysts for 2017:</strong></div>
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There are 2 catalysts which catches my eyes for possible medium term investment. I have boxed it in black on Figure 7:<br />
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<strong>CATALYST 1: Potential good 4th QR 2016 Report</strong><br />
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<strong>'Nonwoven division has ordered a spooling machine to upgrade its production capability'</strong></div>
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<strong>'Expected increase in sales during the 2nd half of 2016'</strong><br />
<strong>From Figure 8: We can see that the QR Report for Q3 2016 is the highest Recorded which matches the statement given as per Figure 7. What do you think about the upcoming Q4 2016 Results? </strong><br />
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<strong>Figure 7:</strong><br />
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Figure 8</div>
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<strong>Catalyst 2: Meeting the Profitability Test Record for Transfer to Main Market</strong><br />
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Under Bursa Listing Requirement for Main Market, a company is qualified to be transferred to Main Board if the company is able to achieve an aggreagate of RM20m PAT from the lastest cumulative 3 years of annual report.<br />
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PAT 2014 = RM 4.91m (Figure 3) <br />
PAT 2015 = RM 8.72m (Figure 3)</div>
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9 Months PAT 2016 = RM 6.932 (Figure 4 & 8)<br />
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Total PAT = RM 20.562m</div>
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The good part is, the <strong>RM20.562m has already being achieved without adding the final 4th QR 2016 report ! </strong><b>Any profits recorded in 4th QR 2016 Report will be a bonus.</b><br />
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<strong>Conclusion & Personal Opinion:</strong></div>
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I like the solid fundamental numbers recorded since the year 2011 and having a continuous growth every year for the past 5 years. It has both Healthy Financial Ratios and Good Pricing. Involvement in overseas business has help her in increasing the forex gain in year 2016. The catalyst to be upgraded from ACE to Main Market entitles this company a chance to be a potential good stock to watch in 2017. It is a company suitable for low risk takers and medium investors. You can bank on the growth stories from her enlargement of PPE and Nonwoven business. Introduction of Bezza and Pesona in 2nd half of 2016 might potentially help this company too but I do not have the statistics of contribution to be added in to support this point. </div>
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The bad side is the company is exposed to the currency risk. If RM is strengthening in 2017, then it will impact and reduce their P&L. The slow growth of vehicles sales in 2017 might dampen the growth for the Felts Division.<br />
Another limitation is the forecast for 4th QR 2016 is based on personal opinion from the guidance from the Annual & Quarterly Report.<br />
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Please like us at our facebook page - Bursa Blue Ocean and complete the survey form and join out telegram group chat room!</div>
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Sincerely,</div>
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Humble Pie</div>
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Disclaimer and Declaration</div>
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The information is meant for the members of Bursa Blue Ocean (BBO). Disclosure and distribution of the message without the permission of BBO is prohibited. The full content of the article and write ups are for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss.</div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com6tag:blogger.com,1999:blog-545298787175843708.post-12182737971572745672016-08-04T07:21:00.002-07:002016-08-08T06:54:08.297-07:00OCK - Expanding to a Regional Footprint: Asean Player in The Making<div dir="ltr" style="text-align: left;" trbidi="on">
<u style="background-color: white; color: #333333; font-family: verdana, arial, helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">Company Profile</u><br />
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OCK is founded and led by Mr. Ooi Chin Koon in year 2000 (OCK Setia Engineering Sdn Bhd) and listed on Bursa Ace Market in year 2012. I guess now you can see where the 'OCK' name come from. =)<br />
From 2000 to 2012, it is not bad for a cool 12 years from 0 to a listed entity right? It took another 2 short years for OCK to upgrade herself from ACE to Main Market (20m PAT in 3-5 years with the latest financial year not less than RM6m PAT).</div>
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What OCK do?</div>
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Extracted from OCK's Corporate Website:</div>
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<span style="color: #777777; font-family: "open sans" , sans-serif; font-size: 16px; line-height: 26px;">OCK Group is principally involved in the provision of telecommunication services equipped with the ability to provide full turnkey services. Our service offering comprehensively covers services from all six segments of the telecommunication network services market: network planning, design and optimization, network deployment, network operations and maintenance, energy management, infrastructure management, and other professional services. As a Network Facilities Provider (NFP) Licensee, we are able to build, own and rent telecommunication towers and rooftop structures to the eight telecommunication operators in Malaysia.</span></div>
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Why I am looking at this company?<br />
They are some info I would like to share for this stock.</div>
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<u>1. 3x Cash Call in 4 Years </u><br />
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In a short span of 4 years of listing (2012 to 2016), she already did 2x of cash call and now calling for the 3rd round. The 3rd and latest round of cash call was announced in June 2016. What actually happened?<br />
For a listed company, the main reason for an IPO is to sell/place out min 25% of their enlarged shareholding to raise cash (to meet the minimum 25% public spread). The cash raised should be sufficient to cater for the next few years business expansion purposes.<br />
Surprisingly;<br />
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i. 2 years post listing, RM74m was raised through 'Private Placement' on June 2014<br />
ii. The subsequent year, RM132m was raised though 'Right Issue' on Dec 2015<br />
iii. The following year, they announced the 3rd round of fund raising exercise on June 2016<br />
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Extracted from Bursa Malaysia, 'Company Announcement' column;<br />
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<span style="background-color: #f7f7f7; color: #464646; font-family: "arial" , "helvetica" , sans-serif; white-space: pre-wrap;">PROPOSED PRIVATE PLACEMENT OF UP TO 105,632,181 ORDINARY SHARES OF RM0.10 EACH IN OCK REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF OCK ("PROPOSED PRIVATE PLACEMENT").</span><br />
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For a simplistic calculation, let's say I am taking the last closing price @ 5/8/2016 which is RM0.83 and multiply by 105.6m shares, the amount to be raised will be RM87m. (Generally, to do a Placement, PVWAP of 5 days will be used).<br />
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Raising so much of funds via Equity do dilute the shares and EPS, moreover it is barely 4 years old in Bursa. Many Investment Managers definitely will raise their eye browse on this. Let's map the chronology of the fund raising:<br />
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Fundraising i:</div>
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It was being done at the same time /year with the acquisition of PT Putra Telecommunications in Indonesia.</div>
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A new venture to overseas business. </div>
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Fundraising ii:</div>
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The 2nd cash call was being done at the same time /year with the acquisition of 920 telecommunications towers contract from Telenor Myanmar. Another new country she ventured in. </div>
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Fundraising iii:<br />
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The 3rd cash call was being done at the same time /year with the acquisition of SEATH (owned 1938 towers in Vietnam. Another new country she is venturing in.<br />
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Look at how the money flows as at 1st Quarter of 2016:<br />
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For 1st Cash Call:<br />
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There is a balance of 16.11% to be used. The mandate to utilize the money has expired on June 2016. I believe OCK has fully utilized the 100% of the 1st cash call for now.</div>
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For 2nd cash call:<br />
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There is a balance of 87.3% to be used for business expansion which I believe for Myanmar's Project.<br />
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What to look at for OCK?<br />
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<u><span style="color: #333333; font-family: "verdana" , "arial" , "helvetica" , fantasy , sans-serif;"><span style="font-size: 12px; line-height: 16px;">1</span></span><sup style="color: #333333; font-family: verdana, arial, helvetica, fantasy, sans-serif; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 16px; text-transform: none; white-space: normal; word-spacing: 0px;">st</sup><span style="color: #333333; font-family: "verdana" , "arial" , "helvetica" , fantasy , sans-serif;"><span style="font-size: 12px; line-height: 16px;"> Growth Catalyst: Potential Improvement of Earnings from Indonesia & Myanmar</span></span></u><br />
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<span style="color: #333333; font-family: "verdana" , "arial" , "helvetica" , fantasy , sans-serif;"><span style="font-size: 12px; line-height: 16px;">Monies already spend but earnings only started to crystallized. This is to say, monies spend since year 2014 has starting to yield the positive numbers to the top and bottom line of the latest QR Report. For the funds raised in cash call 2 has yet being fully utilized. Believe it will give a further boast in their upcoming QR Reports.</span></span><span style="color: #333333; font-family: "verdana" , "arial" , "helvetica" , fantasy , sans-serif; font-size: 12px; line-height: 16px;"> The overseas venture done is bearing fruits for her. During the Indonesia acquisition, it was 6000 sites, 2 years later it is 20000 sitess. Not bad at all.</span><br />
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<span style="color: #333333; font-family: "verdana" , "arial" , "helvetica" , fantasy , sans-serif; font-size: 12px; line-height: 16px;">The current weakening of RM against the US dollar is beneficial to her as well. </span><span style="color: #333333; font-family: "verdana" , "arial" , "helvetica" , fantasy , sans-serif; font-size: 12px; line-height: 16px;">What do you think for the upcoming 2</span><sup style="color: #333333; font-family: verdana, arial, helvetica, fantasy, sans-serif; line-height: 16px;">nd</sup><span style="color: #333333; font-family: "verdana" , "arial" , "helvetica" , fantasy , sans-serif; font-size: 12px; line-height: 16px;">, 3</span><sup style="color: #333333; font-family: verdana, arial, helvetica, fantasy, sans-serif; line-height: 16px;">rd</sup><span style="color: #333333; font-family: "verdana" , "arial" , "helvetica" , fantasy , sans-serif; font-size: 12px; line-height: 16px;"> and 4</span><sup style="color: #333333; font-family: verdana, arial, helvetica, fantasy, sans-serif; line-height: 16px;">th</sup><span style="color: #333333; font-family: "verdana" , "arial" , "helvetica" , fantasy , sans-serif; font-size: 12px; line-height: 16px;"> Quarter of 2016 numbers would be ? =)</span><br />
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<span style="color: #333333; font-family: "verdana" , "arial" , "helvetica" , fantasy , sans-serif;"><span style="font-size: 12px; line-height: 16px;">Please refer below of the details highlighted in blue:</span></span><br />
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<u>2<sup>nd</sup> Financial Health Analysis</u></div>
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<u>Income Statement</u></div>
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Profit Margin = 7.84% - pass (<5% fail)</div>
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Interest Cover = 4.31x - pass (<3x fail)</div>
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Profit for the past 4 years = Yes, steadily grow from RM13.15m year listing year 2012 to RM24.75m in year 2015</div>
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<u>Balance Sheet</u></div>
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Current Ratio = 3.32x – pass (<1x fail)</div>
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Debts to Equity Ratio = 0.59x – pass (>3x fail)</div>
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<u>Cash Flow</u></div>
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Positive at least 1 year = Pass - Yes from RM12m (2012) to RM164m (2015)</div>
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OCK PASS ALL 6 FINANCIAL HEALTH RATIOS.</div>
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<u>3<sup>rd</sup>. Pricing Analysis</u><br />
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Price to Earnings: </div>
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Using the Rolling 4 Quarters EPS: 3.197 = 0.83/3.197 = 26x (not cheap at all)</div>
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Looking at continuous income from Indonesia and Myanmar, it should be better for the few upcoming quarters.</div>
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Price to Book Value – 1.95x (not cheap but acceptable)</div>
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Dividend Yield – 1.45% (for a company in high expansion mode, any dividends payout is a bonus)<br />
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Do look at her Compounded Annual Growth Rate (CAGR) for Revenue and PAT (extracted from Annual Report):</div>
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Net profit has tripled for the past 5 years. From a RM9.2m to Rm27.1m. Talking about consistent high growth for her!</div>
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4. Catalysts for 2016:</div>
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1. The main catalyst which catches my eyes for possible long term investment:<br />
The consolidation of income from Seath Vietnam. Assuming 2016 yield about the same like 2015: 60% of 2015 PAT of RM7.44m will be around RM4.5m added in to the bottom line.<br />
The additional incoming revenue from Indonesia and Myanmar. Monies raised from the upcoming placement definitely will be a great usage to improve the following few 2016 Quarterly Report results. <br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimkTSVaHD4tB8WrSSX2VEpJnGwkRw9rVO-SZNqRNPMF0f6ogLKqAIhJj6xnHU1TIOmhbbQ6NKO7gch8fj-hV57IaYfujfa-c9OXEWAK6zG8nDg7JbRzVmwC6Bn7oIftxSmSjwxTQubLbQ/s1600/OCK+8.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimkTSVaHD4tB8WrSSX2VEpJnGwkRw9rVO-SZNqRNPMF0f6ogLKqAIhJj6xnHU1TIOmhbbQ6NKO7gch8fj-hV57IaYfujfa-c9OXEWAK6zG8nDg7JbRzVmwC6Bn7oIftxSmSjwxTQubLbQ/s640/OCK+8.png" width="530" /></a></div>
Technical Chart Perspective:<br />
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She has touched the resistance level @ 0.84 for the 7th time! Talk about long consolidation. Look at the triangle (blue line) recording Higher Low for the last 6x support level. The latest few days closed with a high volume. Something to see for technical chartist?<br />
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For those who likes to see for a longer time frame, lets look at below, it might look interesting for you. It is trading at the new high, trying to break the old resistance set in July 2014 ! Wonder what would it be in the near future ? =) <br />
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<strong>Conclusion & Personal Opinion:</strong></div>
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I like the strong management team lead by Mr. OCK and solid fundamental numbers recorded. As now the company has been in the overseas business for the 3rd year, I believe the numbers will be good for the near future. Let's hope that the name OCK also stands for Orang Cepat Kaya.</div>
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Potential risks involved are the slowdown in Malaysia economy as most of her revenue currently still in Malaysia and fluctuations on USD currency (Indonesia, Myanmar and Vietnam's Project). For those conservative FA followers, this stock might not be suitable for you as it has a high valuations. I am looking at 'Growth Investing' and not 'Value Investing'. Our perspective and risk tolerance might be different. </div>
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Please like us at our facebook page - Bursa Blue Ocean and complete the survey form and join out telegram group chat room!</div>
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Sincerely,<br />
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Humble Pie</div>
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Disclaimer and Declaration</div>
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The information is meant for the members of Bursa Blue Ocean (BBO). Disclosure and distribution of the message without the permission of BBO is prohibited. The full content of the article and write ups are for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss.</div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com6tag:blogger.com,1999:blog-545298787175843708.post-12821011307922431982016-07-18T08:12:00.001-07:002016-07-18T08:19:11.610-07:00GHL Systems Berhad - The Hidden Gem<div dir="ltr" style="text-align: left;" trbidi="on">
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<u>Company Profile</u></div>
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GHL is led by Mr. Simon Loh (Executive Vice Chairman) who joined in 2010. He spend 2 years to revamp the company till it is profitable and is has been running well since.</div>
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There are some interesting info that I like about this company and believe it might be suitable for investors who can tolerate higher valuation stocks.</div>
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The GHL AGM was held at 29 June and I was contemplating to either go to Kuala Lumpur Country Club or HSS IPO Launching. Ended up I went to KL Country Club at Bukit Kiara to join her AGM. =)</div>
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What GHL System do? </div>
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Extracted from the corporate website:</div>
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<span style="color: #38414c; font-family: "tahoma"; line-height: 14.4px; text-align: justify;">Provides integrated end-to-end payment solutions encompassing physical and virtual payments on sale and rental basis, including Electronic Data Capture (EDC) terminals compliant to the Europay-Mastercard-Visa (EMV) platform, contactless readers, network access routers, and online payment gateways.</span></div>
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Why I like this company? She fulfilled 3 requirements that I am looking for and has a good growth story. She only failed one of my 4 personal investment requirement. </div>
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<u>1<sup>st</sup> Growth Potential</u></div>
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She has successfully penetrated the Philippines market in May 2016 for Transaction Payment Acquisition TPA with Rizal Commercial Banking Corp Philippines and targeting to acquire 3000 merchants for 2016. May and June alone, she has successfully acquired 1000 merchants! The new earnings are yet to be captured in the latest QR and the FY End 2016.</div>
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<u>2<sup>nd</sup> Financial Health Analysis</u></div>
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<u>Income Statement</u></div>
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Profit Margin = 5.28% - pass (<5% fail)</div>
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4% in year 2014 to 5.28% in year 2015 – increasing for the past 3 years</div>
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Interest Cover = 3.55x - pass (<3x fail)</div>
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Profit for the past 5 years = Yes, steadily grow from RM4.37m year 2012 to RM11.33m year 2016</div>
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(it has made rights and bonus in year 2013 and 2014, so EPS was diluted) </div>
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<u>Balance Sheet</u></div>
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Current Ratio = 1.73x – pass (<1x fail)</div>
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Debts to Equity Ratio = 0.55x – pass (>3x fail)</div>
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<u>Cash Flow</u></div>
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Positive at least 1 year = Pass - Yes from RM45m to RM59m</div>
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The Trade receivables has declined from RM34m to Rm12m which is a positive note. Bank Borrowings dropped from RM26m to Rm 8.8m. A good effort to par down debts and saving the interests cost. The good thing is the cash flow is being managed well. It is at a increasing manner! Please refer below:</div>
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GHL PASSED ALL FINANCIAL HEALTH RATIOS</div>
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<u>3<sup>rd</sup>. Pricing Analysis (Failed the Pricing Analysis - High Forward PE)</u></div>
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Price to Earnings </div>
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Using the Rolling 4 Quarters EPS: 1.737 = 0.96/1.737 = 55x (not cheap at all)</div>
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Forecast Future PE by using 1<sup>st</sup> Quarter 2016 and annualized it by X4 = 1.737x4 = 2.68</div>
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Forecast Future P/E = 0.96/2.68 X 100 = 35.8x (still very expensive)</div>
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Looking at TPA secured in Philippines, it is possible for her to repeat the 1<sup>st</sup> Quarter 2016 result and might be better.</div>
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Price to Book Value – 2.46x (not cheap but acceptable)</div>
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Dividend Yield – 0 (don't expect to get anything from her)</div>
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4. Catalysts for 2016:</div>
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1. The main catalyst which really catches my eyes for possible long term investment is the penetration into new countries and capturing new TPA market. She is also potentially to embrace to technological change, participating mainly in Fintech technology according to Simon. </div>
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2. Creador has remained as the major shareholder since Oct 2014 at the entry price of 42 cents. His initial block was at 20 cents and latest filing as at 2015 annual report was 28.42%. Guess what, during the latest AGM, the representative from Creador Ms. Lim Sze Mei (ED for Creador) was sitting with the GHL board. I get some feeling of comfort from this situation knowing most likely Creador will be there for some time in the near future. </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit5nyqftSwSqFyaWCINcCoUo0L4F79EhDkkhzUbXscImKEzo1Xq8pJNX4zl9fwskMm_rgoxxHP9iHMPt3XL3g_k6iMwMIBh5Fz4uhuuZr8VvShgYN9TG9ZjcptyiClWUavId1bg9NvwSg/s1600/GHL+2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="424" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit5nyqftSwSqFyaWCINcCoUo0L4F79EhDkkhzUbXscImKEzo1Xq8pJNX4zl9fwskMm_rgoxxHP9iHMPt3XL3g_k6iMwMIBh5Fz4uhuuZr8VvShgYN9TG9ZjcptyiClWUavId1bg9NvwSg/s640/GHL+2.png" width="640" /></a></div>
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<u>Technical </u><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_ADDNlvlHdz6u4KyzIKsDTxi_bjI5Sjk5UAfkDL4mF9aoRRpJSd85fOBcePRw7kHPehQPOwVfO6UqMZs_GvZ3o3_J0xfy2g3URUezXo9Og9ZR96giKhWhVkDdqrhXZd-tIc682r_qaXA/s1600/GHL+6.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="380" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_ADDNlvlHdz6u4KyzIKsDTxi_bjI5Sjk5UAfkDL4mF9aoRRpJSd85fOBcePRw7kHPehQPOwVfO6UqMZs_GvZ3o3_J0xfy2g3URUezXo9Og9ZR96giKhWhVkDdqrhXZd-tIc682r_qaXA/s640/GHL+6.png" width="640" /></a></div>
From the technical perspective, it has touched the resistance level of 0.96 which is also the wave C. May take a look if you are a keen TA practitioner.<br />
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<strong>Conclusion & Personal Opinion:</strong></div>
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I like the strong management team lead by Mr. Simon and Mr. Kanagaraj. The solid fundamental numbers recorded since Simon took over on year 2010 and revamp the company till it is profitable. With the potential Fintech technology to be explored for e payment, I believe it is a good stock to watch for 2016. Creador stays definitely makes her a sexy stock to watch out.</div>
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But mind you, the potential risks involved are the high valuations she has for now. The P/E is at staggering 55x which does not make sensible Pricing Analysis entry. It only has Healthy Financial Ratios but Poor Pricing Analysis. Involvement in overseas business also exposing her to the currency risk. For the rich valuations she has, it is not a company that suitable for low risk takers. You can only rely on the growth stories from her ventures in overseas to offset the rich valuations in the near future. For those who follow FA Rules strictly, this is not the stock for you. </div>
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Please like us at our facebook page - Bursa Blue Ocean and complete the survey form and join out telegram group chat room!</div>
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Sincerely,</div>
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Humble Pie</div>
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Disclaimer and Declaration</div>
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The information is meant for the members of Bursa Blue Ocean (BBO). Disclosure and distribution of the message without the permission of BBO is prohibited. The full content of the article and write ups are for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss.</div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com2tag:blogger.com,1999:blog-545298787175843708.post-77691667699492327152016-01-29T23:30:00.001-08:002016-01-29T23:30:02.706-08:00Humblepie Watchlist for Value Investing as at 29 JAN 2016:<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkZolDMr8KjS2aLVIo_GcgQCFrE0TxULvtKc_Rpk3HRpkT1-y9an8_C9OdruaWysQdRKZ25u-4KCM0LprlOGTt3ubJMUY1vVIIzKknamCqlh-fkrFwvnmjV3J9uzGjDHSiJ0qoLiFX-LM/s1600/29+JAN+2016.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkZolDMr8KjS2aLVIo_GcgQCFrE0TxULvtKc_Rpk3HRpkT1-y9an8_C9OdruaWysQdRKZ25u-4KCM0LprlOGTt3ubJMUY1vVIIzKknamCqlh-fkrFwvnmjV3J9uzGjDHSiJ0qoLiFX-LM/s640/29+JAN+2016.jpg" width="640" /></a></div>
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The week has been quite volatile with the last trading day of the month ended with 33 points / 2% up to mark a good window dressing. Net buy from Foreign 706m on 29 Jan. As mentioned earlier yesterday that the issue from Wan Emdibee is over, money already 'return', RM strengthen and if oil price rebounds, everything will goes back to normal.<br /><br /><br /><br />
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For my portfolio, I have sold Inari and Unisem and effectively Reduced my return for Crystalized Profits for an Average of 1.9% per stock from the initial 4.2% per stock. It is equivalent to Money Market interests for 6 months which if you annualized it will be 3.8% (FD Ratefor 1 year). The Paper Gain for Stocks on Hand has dropped from 17.8% to 15.9%. I was not spared from the market volatality. <br />
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Selling out Inari & Unisem:<br />
This is a good stock and looking forward for another round of good QR Report (at least for 4Q 2015). A cross check at Bursa announcement, the Director has been selling aggresively since Mid Jan till end Jan 2016 (DS Thong Kok Khee) with no sign of slowing down. Apple as well has issued early warning on first sales decline in a decade earlier last week. Samsung Electronics follow suit and issued a warning on gloomy 2016. I think the Value has changed and I decided to take the hit.<br />
For Unisem, although the Directors is accumulating the shares but it is in a small block. I believe the next 4th QR should be ok looking at our RM/USD FX but I would rather step a side temporary.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2cDy2fOpbE-h-Sl1YefsncTD-eThGOTPoNorlOsZyTmMlq8kuu2auSOg_UxTE5g4ubXEvi0Y7AYyk25yeJXuGsa5xNUWKZcjbP_3Bk1Dvj2Mw0YBDOIqeKBo5OCYybplfLOswI78NCbM/s1600/Samsung.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2cDy2fOpbE-h-Sl1YefsncTD-eThGOTPoNorlOsZyTmMlq8kuu2auSOg_UxTE5g4ubXEvi0Y7AYyk25yeJXuGsa5xNUWKZcjbP_3Bk1Dvj2Mw0YBDOIqeKBo5OCYybplfLOswI78NCbM/s640/Samsung.jpg" width="640" /></a></div>
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What's next?<br />
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DOW closed up 396 points on last Friday but Malaysia is celebrating her Federal Day which is a Public Holiday. As the air has been cleared up a bit in Bolehland, I stand neutral on the market and currently analyzing some beaten down stocks with good FA. With the revised Budget announced, there are not much impact to the investors for stocks. I will post up another write up soon! Till then I am looking forward for a rebound on Tuesday for the balance 9 stocks on hand.<br />
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Happy Trading<br />
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Humblepie</div>
Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com1tag:blogger.com,1999:blog-545298787175843708.post-54919447746408701262016-01-05T17:09:00.001-08:002016-01-05T17:09:44.132-08:00MIKRO MSC BERHAD: THE NEXT BIG THING<div dir="ltr" style="text-align: left;" trbidi="on">
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<u>Company Profile</u></div>
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MIKROB is a listed small cap led and founded by Mr. Yim Yuen Wah in 1997. I found some of the criteria I like in this company and believe it will be her next catalyst. </div>
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What Mikrob do?</div>
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Extracted from Annual Report:</div>
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Manufacture and sale of analogue, digital, and computer controlled electronic devices for the purpose of protection, monitoring, and programming in electrical systems. Its products include protective relays, such as overcurrent (OC), earth fault (EF), earth leakage, combined OC and EF, voltage and current control, and reverse power relays; digital meters, including ammeters and voltmeters; current transformers; and power factor regulators. Mikro MSC Berhad also provides related technical support and maintenance services.</div>
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Why I like this company?</div>
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She has fulfill all 4 requirements that I am looking for and has a good growth story.</div>
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<u>1<sup>st</sup> Theme Play</u></div>
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Needless to say, 2<sup>nd</sup> half 2015 is Export Play and I believe it will be carried forward to 2016 at least for another few months. For year 2015, she has been able to increase the export sales to Vietnam, India, Indonesia and Australia by 67%. The export done is bearing fruits for her. The current weakening of RM against the US dollar is beneficial to the Group because she derived 37% of the revenue of the company in export.</div>
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Look at the Cash USD in deposits for year 2014 @ RM 1.6m vs 2015 @ RM5.9m. A jumped of RM4.3m. Bear in mind, the 2015 Annual Report was published for Year End June 2015. The USD sharp spiked up was from July 2015 onwards and started to contribute to 1<sup>st</sup> Quarter 2016 results. What do you think for 2<sup>nd</sup>, 3<sup>rd</sup> and 4<sup>th</sup> Quarter of 2016? =)</div>
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<u>2<sup>nd</sup> Financial Health Analysis</u></div>
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<u>Income Statement</u></div>
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Profit Margin = 21% - pass (<5% fail)</div>
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14% for year 2011 to 21% year 2015 – increasing every year without fail</div>
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Interest Cover = 127x - pass (<3x fail)</div>
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Profit for the past 5 years = Yes, steadily grow from RM3.4m year 2011 to RM8.26m year 2015</div>
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<u>Balance Sheet</u></div>
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Current Ratio = 5.4x – pass (<1x fail)</div>
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Debts to Equity Ratio = 0.17x – pass (>3x fail)</div>
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<u>Cash Flow</u></div>
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Positive at least 1 year = Pass - Yes from RM3.9m to RM8.4m</div>
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MIKROB PASS ALL 6 FINANCIAL HEALTH RATIOS!</div>
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<img height="331" src="http://klse.i3investor.com/files/my/blog/img/bl1939_mikrob_2.png" width="600" /></div>
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3<sup>rd</sup>. Pricing Analysis</div>
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Price to Earnings –</div>
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Using the Rolling 4 Quarters EPS: 3.084 = 0.415/3.084 = 13.4x (not cheap but acceptable)</div>
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Forecast Future PE by using 1<sup>st</sup> Quarter 2016 and annualized it by X4 = 1.01x4 = 4.04</div>
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Forecast Future P/E = 0.415/4.04 X 100 = 10.3x</div>
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Looking at current USD/MYR exchange rate, possible for her to repeat the 1<sup>st</sup> Quarter 2016 result.</div>
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Price to Book Value – 2.88x (not cheap but acceptable)</div>
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Dividend Yield – 2.67% (for Ace market this is consider good, she has been paying good dividends since 2011 which most Ace could not make it)</div>
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Do look at her Compounded Annual Growth Rate (CAGR) for Revenue. 10.6% average for the past 5 years. It looks very good for an Ace counter like her. Most of the main board companies also cannot maintain their CAGR in double digit growth. What makes me even like her more? Look at her CAGR for Profit After Tax (PAT). It is at a staggering 19.4% for the last 5 years! Talking about consistent high growth for her! (extracted from Annual Report)</div>
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<img height="532" src="http://klse.i3investor.com/files/my/blog/img/bl1939_mikrob_3.png" width="523" /></div>
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<img height="535" src="http://klse.i3investor.com/files/my/blog/img/bl1939_mikrob_4.png" width="472" /></div>
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4. 3 Catalysts for 2016:</div>
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1. The main catalyst which really catches my eyes for possible long term investment is the adoption of M2M (Machine 2 Machine) connectivity and IoT (Internet of Things). MIKROMB is embracing this technological change, not only because it is inevitable but also because it promises new frontiers and rewards.</div>
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2. She just bought a piece of freehold industrial land together with a single storey warehouse, for a total cash consideration of RM11,720,000 for business expansion earlier this month. This was following through with the Private Placement done on 22 Dec 2015 with RM10m raised for their business war chest. Monies raised from the placement definitely will be a great usage to operate the new warehouse in 2016 and improve the following few 2016 Quarterly Report results. </div>
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3. Potential to be upgraded to Main Board. (this is what I like)</div>
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PAT for 2014 = RM 5.6m</div>
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PAT for 2015 = RM 8.2m</div>
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1<sup>st</sup> QR 2016 = RM 2.8m (annualized for 4 Quarters will be RM11m)</div>
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Under Bursa Main Board listing requirement, latest 3 years PAT must be minimum RM 20m with the latest Financial Year not less than RM6m. Looking at this scenario, she just need another 2 quarters to make it. Theoretically she already strong and fit to join the bigger boys in Main Board. </div>
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<strong>Conclusion & Personal Opinion:</strong></div>
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I like the strong management team and solid fundamental numbers recorded. As now the market is focusing on export play, I believe with the 3 catalysts she has, it is a good stock to watch for 2016. The potential of upgrading to Main Board and export theme play definitely makes her a sexy stock to watch out.</div>
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Potential risks involved are the slowdown in Malaysia economy as she derived about half of her revenue in Malaysia and fluctuations on USD currency. </div>
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Please like us at our facebook page - Bursa Blue Ocean and complete the survey form and join out telegram group chat room!</div>
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Sincerely,</div>
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Humble Pie</div>
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Disclaimer and Declaration</div>
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The information is meant for the members of Bursa Blue Ocean (BBO). Disclosure and distribution of the message without the permission of BBO is prohibited. The full content of the article and write ups are for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss.</div>
</div>
Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com3tag:blogger.com,1999:blog-545298787175843708.post-79953153502574453782016-01-03T00:17:00.001-08:002016-01-03T00:17:15.079-08:00Humblepie Watchlist For FA as at 31 Dec 2015:<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj__fnYKmRJNz4zo_R75LM1JY-UmQSDlbTh3i31r83kOuGfims_Ka0h86_v3CObxVlXUhJa9O9xTRB1A3AYNU9PHUsyE-3B73KW4Scn5bS9taIEDgzQY0dOX4xKluZ-0kwOS4DonDJTlOM/s1600/31+Dec+2015.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="334" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj__fnYKmRJNz4zo_R75LM1JY-UmQSDlbTh3i31r83kOuGfims_Ka0h86_v3CObxVlXUhJa9O9xTRB1A3AYNU9PHUsyE-3B73KW4Scn5bS9taIEDgzQY0dOX4xKluZ-0kwOS4DonDJTlOM/s640/31+Dec+2015.jpg" width="640" /></a></div>
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<br />
The year ended with a good effort of window dressing done. From a low of 1629 on 21 Dec to close 1692 on 31 Dec, a rise of 3.9% for a better financial report card. The year of 2015, KLCI recorded a (3.4%) vs my FA profile of 16.5% average per stock. Personally I believe this year will more or less focusing on export industries, oversea construction base who receive monies in USD, companies with strong cash flow to do M&A (good time to phase out your weak competitors and spreading your wings) and companies with strong prudent management team to sail through a challenging 2016.<br />
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Industry to avoid / keep in view until further improvement seen in their industry results and market sentiment - oil & gas, property, importers, highly impacted by GST and highly relying on government contracts / awards to name a few.<br />
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One thing to note, becareful on companies that recorded on high profits but worse off cash flow and trade receivables. No point if you can do businesses but you dont know how to collect the monies after that. Becareful with companies that have a problematic Management Team and Bad Track Record. Good times, everyone is happy and no one cares about the book whether is cooked or genuiene. During the bad times, it is always the best time to see who is swimmming naked.<br />
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Those who went through 2007 Subprime Mortage will know the Lehman Brothers, AIG, Citigroup either went bust or bailed out by Uncle Sam. No such thing as too big to fail anymore. It created a history in US Investment Bank World when the world big 5 Investment Banks left with only 2 and 1 being bought over. <br />
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Be prudent with your cash. it is hard earned money and don't gamble it. We shall see many more house keys will be handover in 2016 to 2017 during the DIBS time when buyers buy without collateral from developers. With all the domestic issues ongoing, it will be an exciting year to do good stocks accumulations and perhaps bargain hunting in properties.<br />
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Till then Happy Trading!<br />
<br />
Regards,<br />
<br />
Humblepie</div>
Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com0tag:blogger.com,1999:blog-545298787175843708.post-68132372828406762072016-01-03T00:15:00.003-08:002016-01-03T00:15:38.082-08:00End of Year Message And Appreciation<div dir="ltr" style="text-align: left;" trbidi="on">
Dear All Members of BBO Telegram Group,<br />
<br />
On behalf of the Management Team, I would like to wish all of you a Happy New Year and Prosperous 2016. It is a time for reflection on things done for 2015:<br />
<br />
The BBO Private Telegram Group was started on early October 2015 by a group of professionals and businessman from various investment background. Initially is was a closed group for the selected and invited few to share their investment opinions and research done for the benefit of the members in early 2015. Fast forward 3 months, we have a small family of 700 plus in the Telegram Group as at end 2015 and 2.7k likes in FB Page. <br />
<br />
How is BBO Group different compare to the other Groups you are joining?<br />
<br />
1. We are run by professionals (members with the background from Corporate Finance, Fund Management, CFO of listed entity, Investment Bankers, Full Time Traders, Savvy Businessman). Posting and info done are base on figures and facts.<br />
<br />
2. We do not condone the act of :<br />
i. Pump and Dump Activities<br />
ii. Operators Stocks / Syndicated Activities<br />
iii. False Rumor Spreading and Distribution of Shares<br />
iv. Analysis base on numbers and info pluck from the sky<br />
<br />
3. Sharing and analysis done is a mixture of 3 elements:<br />
i. Fundamentals & Tecnical Analysis.<br />
ii. The Listed Company's Management Team (background, success stories and trustworthiness)<br />
ii. Theme Play (are they on the right rotational play & Fund Manager's Radar)<br />
<br />
Moving Forward for 1st Half 2016:<br />
<br />
1. BBO Technical Trading Team will be doing monthly sharing/education for aspiring Traders who love charts. Tentative date January 2016.<br />
2. Enlarging BBO Working Committee Team for events / roadshows and other BBO Private / Public activities. Tentative date January 2016<br />
3. Creation of BBO Fundamental Analysis Team. After CNY 2016.<br />
4. BBO Investment Day 2016 - 2nd Quarter 2016. <br />
<br />
We would like to take this opportunity to say thank you for those members who have been contributing consistently on the daily information posting and sharings:<br />
<br />
CH Seow, Nuren, Quantum, Ong Ah Sun, Fang, David Ting Ting, Su Kwok Tung, Augustine Bong, Tan Gim Hong, Pinko Heng, Sean Yong, Teo Kim Soon, Selina Loh, Anthony Ng, Steven Lee, D Salman and others that in our BBO telegram Group. Hope to see more of your sharings in 2016!<br />
<br />
For BBO Committee Members:<br />
<br />
Thank you for your hard work done on year 2015. We have a commentable year as our own investments and group portfolio is above KLCI Index. Let's work hard as a team to achieve a greater 2016. With the current team we have, I believe more people will be benefitted from what we are doing and sharings done.<br />
<br />
Till then Happy 2016 and let's start the challenging 2016 year with a positive note and mindset.<br />
<br />
Thank you<br />
<br />
Regards,<br />
<br />
Management Team<br />
BBO Group</div>
Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com1tag:blogger.com,1999:blog-545298787175843708.post-37816291964216473842015-12-02T23:14:00.000-08:002015-12-03T04:00:08.668-08:00Wantan Mee Case Study: How Investment Bank Protocols Affects Traders<div dir="ltr" style="text-align: left;" trbidi="on">
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Once a company not able to submit its Quarterly Report, the counter will be suspended after 5 trading days in Bursa. Take Wantan as a case study, assuming 30 Nov last day to submit and Wantan failed to do so. Add another 5 working days is 8 Dec to be suspended from trading. 7 Dec is the last day to trade. What does it mean?</div>
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If you see the price this morning, it was dived to lowest 0.045. Why? Once the counter confirmed to be suspended on 8 Dec, today all the Credit Controllers natiowide irregardless of broking houses will impose a condition which is BUY ON CASH in the Trust Account only. Cheques are not acceptable. In another word which we are familiar with is 'designated counter' (bursa term). </div>
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First issue, today cash upfront buy is T+0. next Tuesday 8 Dec is T3 so the buyer confirm must have cash in the Trust Account to pick up the shares once the counter is suspended. You will be a shareholder of a suspended listed company. The panic occurs and people dumping the shares from 0.065 to 0.045. NO CASH NO TALK WILL LIMIT THE GORENG KAKIS/TRADERS TO ENTER THE TRADE. It works the same for the PDTs.</div>
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2nd issue, this one you MUST TAKE NOTE. Once it reaches 4.pm to 4.45pm, 2nd wave comes. Those who trade/operate with Margin Accounts / Limits from Remisiers or Limits from Paid Shares in CDS will not be able to continue to roll. Once force sold you can't buy back as you do not have CASH IN THE TRUST to continue to buy. All lines will be jammed.</div>
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There are key board warriors out there saying the bosses wanted to press down the price and submit the Quarterly Report by Monday so that they collect cheap ask you continue to hold and buy more to average down. I do not have the crystal ball with me to answer this question. I suggest not to speculate base on own opinion and defamation to the bosses that pressing their own share prices. The decision to trade should be solely yours. </div>
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Conclusion:</div>
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The article is to share the protocols of stock broking houses on controlling the credit limit at the same time for education purpose. It is not a suggestion for members to trade or not to trade certain counters.</div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com3tag:blogger.com,1999:blog-545298787175843708.post-91879296179885888142015-11-11T07:27:00.000-08:002015-11-11T07:27:29.063-08:00Basic Sharing on Warrants<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="line-height: 19.32px;">Call/Put warrants are being traded due to their leveraging concept in nature. Leveraging means they share exactly the same risk with derivatives. FYI, call/put warrants are created by Structured and Derivatives Department. Leveraging means you trade using a fraction of the mother price to control exactly the same market value.</span></div>
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A lot of investor mistakenly thought that low upfront capital means suitable for new investors with limited capital to start with. It is a very wrong concept. Leveraging concept in a nutshell means it MAGNIFIES YOUR WINNINGS AND LOSSES AT THE SAME TIME! It is for professional traders and not newbies.</div>
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I would like to touch few financial jargons which you may seldom/may not be using when you are trading warrants. Not to scare you guys but to point out the complexity and technical skill required to trade warrants.</div>
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Delta Value:<br />Delta = Change in warrant price / Change in underlying share price.<br />Meaning how many % the warrant price change vs the changes of the mother price. You need a higher delta so that when the mother price moves, the warrants will moves in a higher %</div>
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Effective Gearing (Very important)<br />= Gearing X Delta Value<br />% change of price of warrant vs the change of 1% in the mother price. You need a higher EG to have a meaningful fluctuations of warrant price.</div>
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Implied Volatility<br />It is a probability/estimation of future prices, rather. The higher IV, the probability of warrants futures price moves in tandem with mother price will be correlated. Higher IV, the better.</div>
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How to combine and use this few parameters?</div>
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1st Choose the warrant which has a longer expiry dates (theta value)<br />2nd Choose higher Delta, EG and IV compare to peers<br />3rd Do not choose illiquid shares as the Issuer will do arbitrage trading<br />4th Do not trade if you are no good. Do paper trade and buy mother share instead.</div>
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Case Study: MRCB vs MRCB WA</div>
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Step 1 Calculate the Basic Intrinsic Value:<br />Mother / Underlying Price = 1.41<br />Warrant Price = 0.22<br />Exercise Ratio = 1 to 1<br />Exercise Price = 2.30<br />Breakeven price = 2.52<br />Moneyness = OTM 38.7%<br />Option Style = American<br />Expiry Date = 18 Sept 2018</div>
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Exercise Ratio is 1 to 1.<br />Buy 1 warrant at RM 0.22 (you have the right to convert become mother share from the date issued until expiry date – that is American Style. For European style can only be exercised after expired in 2018)</div>
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Case study:<br />Buy 1 Warrant at 0.22 and Add Exercise Price 2.30 = 2.52 (total cost of owning the mother price that worth 1.41 now (it is called dumb)</div>
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Moneyness is Out of The Money 38.7%<br />Exercise Price 2.30- 38.7% = 1.4099 / 1.41<br />Means you are buying at the price of 38.7% higher than the market price (it is also dumb)</div>
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Step 2: Input the IV, EG, Delta, Theta</div>
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It is for forecasting purpose<br />1. Check and test the similar wa for bench mark to find the most value for money<br />eg. CA CB CC CD</div>
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2. Do back test to check their IV, EG, Delta Theta for all the warrants for one mother share</div>
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3. Do a back test to check the Mother Price for the past 3 to 5 years on their price movement and correlation between Mother Price and Warrants</div>
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4. Set your entry price, if the Warrant touches your entry price, execute, if not ignore and find other warrant.</div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com0tag:blogger.com,1999:blog-545298787175843708.post-1699401132305550472015-11-10T01:34:00.002-08:002015-11-10T01:36:47.344-08:00Kungfu Penta<div dir="ltr" style="text-align: left;" trbidi="on">
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Ex CEO Tan Boon Teik resigned and disposed his 3.997m shares on 23 June 2015. Another announcement filed with Bursa stated the total 3.997m shares were acquired by Mr. Chuah Chong Ewe. One thing I like about the management is they file the relationship of the shareholders. I perceived that there is a Management change in Penta although the shareholders are related. The price did went up for awhile from 0.75 to 0.90 then soften back. Perhaps it might due to the feel good factor of new CEO. </div>
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Semicon and exports related has been doing good this year. I expect the Penta's price should be OK for the rest of this year. Revenue
/ Profit expected to be stable for 2015 due to the other income gains reported in the Latest Quarterly Report. </div>
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For normal fundamental analysis, as long as Current Quarter is better than Previous Quarter means good? Theoretically yes. But under Good Accounting Analysis, we prefer to look at Current Quarterly Report VS Last Year Quarterly Report. For Penta, it is 5.4m for Q3 2015 vs 2.0m for Q3 2014.</div>
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We minus out the 2.6m from other income means it is left with 2m plus profit. Slightly better compare to Q3 2014. Neutral.</div>
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<u>Income Statement<o:p></o:p></u></div>
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Profit Margin : 14% pass (<5% fail)<o:p></o:p></div>
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Interest Cover : 17x pass (<3x fail)</div>
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Profit for the past 3 years (pass)<o:p></o:p></div>
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<u>Balance Sheet<o:p></o:p></u></div>
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Current Ratio : 1.91 pass (<1x fail)<o:p></o:p></div>
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Debts to Equity Ratio : 0.44x pass (>3x
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<u>Cash Flow <o:p></o:p></u></div>
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Positive at least 1 year: Pass<o:p></o:p></div>
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Price to Earnings – Q3 2015 is a inflated by the one off gain. To reflect a better valuation, ill use Q1 and Q2 and annualized it. <o:p></o:p><br />
(1.31 + 2.44)2 = 7.5<br />
P/E = 0.795/7.5 = 10.6x (acceptable)<br />
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Price to Book Value – 1.49x (not cheap)<o:p></o:p></div>
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Penta's Management's Comment on her Latest Quarterly Report:</div>
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<b>Pentamaster is expected to benefit from Origo's platform to showcase the new venture given the huge potentials from growing IoT concepts.<br />Subject to the external market conditions and macroeconomic factors, the overall business performance in 2015 remains promising with better cost structure and wider sales base.</b></div>
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Conclusion:</div>
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Penta pass all the Financial Health Analysis Ratios and the Price appear to be acceptable but not cheap. Things we need to put in consideration:</div>
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1. New CEO appointment. We are not aware of his Management style and track record.</div>
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2. Venture into new field of development.</div>
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3. Placement of 10% to new investor whom we are not sure of his background and profile.</div>
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As I am expecting a weaker RM vs USD, it should benefiting her for the next 1 or 2 quarters. I am willing to nibble a little bit for Penta but putting a cautious view and constant monitoring. </div>
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Please like us at our facebook page - Bursa Blue Ocean and complete the survey form and join out telegram group chatroom!</div>
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Sincerely,</div>
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Humble Pie</div>
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Disclaimer and Declaration</div>
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The information is meant for the members of Bursa Blue Ocean (BBO). Disclosure and distribution of the message without the permission of BBO is prohibited. The full content of the article and write ups are for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss.</div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com1tag:blogger.com,1999:blog-545298787175843708.post-13496373162474929702015-11-09T21:32:00.001-08:002015-11-09T21:32:58.772-08:009 Nov - 13 Nov Market Outlook “Weakening Ringgit & Lower Crude Oil Continue to Pressure The Market<div dir="ltr" style="text-align: left;" trbidi="on">
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Weekly Trend: Sideway with downward bias</div>
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The FBMKLCI closed at 1685.7 after a light rebound from its recent low 1659 level. The USD/MYR exchange rate quoted at 4.36 after a spike seen during Friday night which it's now approaching to previous high 4.48 level. In addition, the Crude Oil price extended its three straight day losses which could further pressure our local market sentiment. This week we re-select export related counters as our sector in focus, meanwhile we are also looking into some oversold counters.</div>
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Support: 1659</div>
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Resistance: 1727</div>
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</div>
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Sector in focus: Export related Counters</div>
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Stocks to watch:</div>
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Last week (2/11-6/11)</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
PESTECH TP:7 SL:5.90 (Reached TP, remain) </div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
SUNCON TP:1.45 SL:1.25 (Remove)</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
HOHUP TP:1.10 SL: 0.95 (Remain)</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
OLDTOWN TP:1.43,1.50 SL:1.25 (Reached 1st TP, remove)</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
FGV TP:2.30 SL:170 (Remove)</div>
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MITRA TP:1.42 SL:1.18 (Remove)</div>
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MYEG TP:3.30 SL:2.71 (Reached TP, remove)</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
SUPERMX TP:2.50 SL:2.17 (Remain)</div>
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TUNEPRO TP:1.58 SL:1.38 (Remove)</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
SUNWAY TP:3.20 SL:3.05 (Triggered SL, remove)</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
JAKS TP:1.34,1.43 SL:1.11 (Remain)</div>
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</div>
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**This week (9/11-13/11)**</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
PESTECH TP:7 SL:5.9 </div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
HOHUP TP:1.1 SL: 0.95</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
SUPERMX TP:2.5 SL:2.22</div>
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JAKS TP:1.34,1.43 SL:1.11</div>
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AEMULUS TP:0.67 SL:0.53</div>
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DSONIC TP:1.80 SL:1.45</div>
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PENTA TP:0.84,0.9 SL:0.76</div>
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SCICOM TP:2.1,2.2 SL:1.98</div>
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HOMERIZ TP:1.23 SL:1.06</div>
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Price as at Monday closing 9 th November:</div>
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<img height="270" src="http://klse.i3investor.com/files/my/blog/img/bl1939_9_nov.jpg" width="600" /></div>
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</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
Please like us at our facebook page - Bursa Blue Ocean and complete the survey form and join out telegram group chatroom!</div>
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</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
Sincerely,</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
Bursa Blue Ocean (by MIVCO)</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
Disclaimer and Declaration</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
The information is meant for the members of Bursa Blue Ocean (BBO). Disclosure and distribution of the message without the permission of BBO is prohibited. The full content of the article and write ups are for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss.</div>
</div>
Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com1tag:blogger.com,1999:blog-545298787175843708.post-67757438460435414012015-11-01T04:09:00.002-08:002015-11-01T04:10:13.258-08:002 Nov - 6 Nov 2015: Market Outlook “Weakening Malaysia Ringgit Continue to Pressure the Stock Market<div dir="ltr" style="text-align: left;" trbidi="on">
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Weekly Trend: Downtrend</div>
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<br />
The FBMKLCI closed lower at 1665.71 last Friday after the violation of 1700 psychology level on 27th October. This week, Bursa Malaysia is likely to consolidate with downside bias.<br />
Support: 1660, 1630<br />
Resistance: 1700-1720</div>
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Sector in focus: Export related Counters</div>
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Stocks to watch:</div>
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Last week (26/10-30/10)</div>
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<i class="_4-k1 img sp_UkKp2mjPS47 sx_8e1e7c" style="background-image: url(https://fbstatic-a.akamaihd.net/rsrc.php/v2/yp/r/aeO1ik7i7-T.png); background-position: 0px -7276px; background-repeat: no-repeat; background-size: auto; display: inline-block; height: 16px; vertical-align: -3px; width: 16px;"><u style="left: -999999px; position: absolute;">❌</u></i>ENGTEX TP: 1.22, 1.30 SL:1.10 (Remove)<br />
✅PESTECH TP:6.40, 6.50 SL:5.90 (Remain)<br />
✅SUNCON TP:1.45 SL:1.25 (Remain)<br />
✅HOHUP TP:1.10 SL: 0.95 (Remain)<br />
✅OLDTOWN TP:1.43,1.50 SL:1.25 (Remain)<br />
✅FGV TP:2.30 SL:170 (Remain)<br />
<i class="_4-k1 img sp_UkKp2mjPS47 sx_8e1e7c" style="background-image: url(https://fbstatic-a.akamaihd.net/rsrc.php/v2/yp/r/aeO1ik7i7-T.png); background-position: 0px -7276px; background-repeat: no-repeat; background-size: auto; display: inline-block; height: 16px; vertical-align: -3px; width: 16px;"><u style="left: -999999px; position: absolute;">❌</u></i>PMETAL TP:2.69 SL:2.07 (Remove)<br />
✅MITRA TP:1.42 SL:1.18 (Remain)<br />
✅MYEG TP:3.30 SL:2.71 (remain)</div>
<div style="color: #141823; font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 19.32px; margin-bottom: 6px; margin-top: 6px;">
**This week (2/11-6/11)**</div>
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<i class="_4-k1 img sp_UkKp2mjPS47 sx_24aba1" style="background-image: url(https://fbstatic-a.akamaihd.net/rsrc.php/v2/yp/r/aeO1ik7i7-T.png); background-position: 0px -2839px; background-repeat: no-repeat; background-size: auto; display: inline-block; height: 16px; vertical-align: -3px; width: 16px;"><u style="left: -999999px; position: absolute;">👉</u></i>🏻SUPERMX TP:2.50 SL:2.17<br />
<i class="_4-k1 img sp_UkKp2mjPS47 sx_24aba1" style="background-image: url(https://fbstatic-a.akamaihd.net/rsrc.php/v2/yp/r/aeO1ik7i7-T.png); background-position: 0px -2839px; background-repeat: no-repeat; background-size: auto; display: inline-block; height: 16px; vertical-align: -3px; width: 16px;"><u style="left: -999999px; position: absolute;">👉</u></i>🏻TUNEPRO TP:1.58 SL:1.38<br />
<i class="_4-k1 img sp_UkKp2mjPS47 sx_24aba1" style="background-image: url(https://fbstatic-a.akamaihd.net/rsrc.php/v2/yp/r/aeO1ik7i7-T.png); background-position: 0px -2839px; background-repeat: no-repeat; background-size: auto; display: inline-block; height: 16px; vertical-align: -3px; width: 16px;"><u style="left: -999999px; position: absolute;">👉</u></i>🏻SUNWAY TP:3.20 SL:3.05<br />
<i class="_4-k1 img sp_UkKp2mjPS47 sx_24aba1" style="background-image: url(https://fbstatic-a.akamaihd.net/rsrc.php/v2/yp/r/aeO1ik7i7-T.png); background-position: 0px -2839px; background-repeat: no-repeat; background-size: auto; display: inline-block; height: 16px; vertical-align: -3px; width: 16px;"><u style="left: -999999px; position: absolute;">👉</u></i>🏻JAKS TP:1.34,1.43 SL:1.11</div>
<div style="color: #141823; font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 19.32px; margin-bottom: 6px; margin-top: 6px;">
Please like <i class="_4-k1 img sp_UkKp2mjPS47 sx_aca62a" style="background-image: url(https://fbstatic-a.akamaihd.net/rsrc.php/v2/yp/r/aeO1ik7i7-T.png); background-position: 0px -2907px; background-repeat: no-repeat; background-size: auto; display: inline-block; height: 16px; vertical-align: -3px; width: 16px;"><u style="left: -999999px; position: absolute;">👍</u></i>🏻 us at our facebook page - Bursa Blue Ocean and complete the survey form and join out telegram group chatroom!</div>
<div style="color: #141823; font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 19.32px; margin-bottom: 6px; margin-top: 6px;">
<br /></div>
<div style="color: #141823; font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 19.32px; margin-bottom: 6px; margin-top: 6px;">
Sincerely,</div>
<div style="color: #141823; font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 19.32px; margin-bottom: 6px; margin-top: 6px;">
Bursa Blue Ocean (by MIVCO)</div>
<div style="color: #141823; font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 19.32px; margin-bottom: 6px; margin-top: 6px;">
<br /></div>
<div style="color: #141823; font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 19.32px; margin-bottom: 6px; margin-top: 6px;">
Disclaimer and Declaration</div>
<div style="color: #141823; font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 19.32px; margin-bottom: 6px; margin-top: 6px;">
The information is meant for the members of Bursa Blue Ocean (BBO). Disclosure and distribution of the message without the permission of BBO is prohibited. The full content of the article and write ups are for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss.</div>
</div>
Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com1tag:blogger.com,1999:blog-545298787175843708.post-81836410406963704922015-10-19T06:58:00.001-07:002015-10-19T06:58:38.012-07:00Top Glove on Top of The World<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
1. <span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Management Team / Major Shareholders:</span></div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Tan Sri Lim humble beggining since 1991 has made Topglove the largest rubber glove manufacturer in the world commanding 25% market share. Company is paying consistent dividends. Renewal of mandate buying back her own shares is a good news. Proposal of Bonus Issue and Share Grant Plan is indeed a good move to maintain the performers.</span></div>
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<img height="505" src="http://klse.i3investor.com/files/my/blog/img/bl1939_topglove.png" width="600" /></div>
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<span style="color: #222222; font-family: Arial, Verdana, sans-serif;">2. Financial Health Analysis </span></div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
<u>Income Statement</u></div>
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i.Profit Margin = 11.2% / PASS (if < 5% fail)</div>
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ii.Profit for the past 5 years = PASS </div>
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iii.Interest Cover = -29 / FAIL (if <3x fail)</div>
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<br /></div>
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<u>Balance Sheet</u></div>
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iv.Current Ratio = 1.73x/ PASS (if < 1x fail) </div>
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v.Debts to Equity Ratio = 0.38x / PASS (if > 3x fail)</div>
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<br /></div>
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<u>Cash Flow</u></div>
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vi.Positive at least 1 year = YES / PASS</div>
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<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">3. Pricing Analysis</span></div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
i. P/E Ratio: </div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
Nov 14 + Feb 15 + May 15 + Aug 15</div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
7.85 + 9.09 + 11.7 + 16.68 = EPS 44.8</div>
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Price 8.81 / 44.80 = PE 19.5x Higher than PE for FD (Not Cheap)</div>
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ii. P/BV 3.35 (Not Cheap)</div>
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iii. Dividend Yield 2.3% - Negligible</div>
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<img height="339" src="http://klse.i3investor.com/files/my/blog/img/bl1939_topglove_2.png" width="600" /></div>
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<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">4. Economic / Industry - Theme play for now?</span></div>
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Yes. The volatility of RM/USD definately gives a good impact on TopGlove forex gain. The suprise EPS for Q4 2015 gives us the confident that the next quarter will be better due to the impact from forex gain for the period of June to Sept. We believe it has not been factored in. The challenging environment in Malaysia will be a minor issue to Topglove as most of their businesses are in oversea. The PE is 19x is indeed not cheap but it climb up from RM7.99 till 8.81 is well supported by their spetacular Quarterly Result.</div>
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Conclusion</div>
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Northcape Capital was a net sell while KWAP is accumulating from the market. From FA (di li)perspective, it is pricey and difficult to gauge. When we quoted on 'Stocks to Watch' on 11 October 2015, it was base on Theme Play (tian shi) and Price Volume Action (ren her). We were expecting a good Quarterly Report but it came out as an excellant Quarterly Report. For those investors who bought earlier last week, congratulations and do prepare to take profit. Happy Trading.</div>
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<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Disclaimer and Declaration</span><br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;" /><br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;" /><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">The full content of the article is for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss. Examples of specific shares is citied for illustration purposes.</span><br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;" /><br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;" /><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Regards,</span><br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;" /><br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;" /><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Humblepie188</span></div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Bursa Blue Ocean (by MIVCO)</span></div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Please like us at our facebook page - Bursa Blue Ocean</span></div>
</div>
Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com1tag:blogger.com,1999:blog-545298787175843708.post-61159917979973026382015-10-11T08:36:00.002-07:002015-10-11T08:36:06.240-07:00Fundamentals Is Not By Financial Analysis Alone<div dir="ltr" style="text-align: left;" trbidi="on">
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Dear Members, to do thoroughly analysis on the targeted company, looking at the Financial Report card are insufficient. There are more to look at besides the company’s numbers. Most of them did not share the whole picture on how a stock being selected by using a complete checklist. We are sharing some of the commonly used parameters by Fund Managers to screen the stocks.</div>
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1. Management Team </div>
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Good companies are being run by great management. Those involved before in scandals and hanky panky practices will be avoided. Their reliability and trustworthiness are low. For the announcement/speeches made by the MD/CEO, it must be in line with the company’s direction. If they say one thing and do another thing, it is a no go. Be careful on those syndicated counters. Companies go for listing to raise funds and not making money from the market. Remember that.</div>
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2. Financial Health Ratios</div>
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Companies must be in good health. Generally this is the main factor being used by FA clan practitioners to do their analysis. Tell me one thing; if the company is in bad shape, do you still want to put your hard earn money into it? Putting your money in the company means you are a shareholder. You share the upside and also the downside if the business.</div>
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3. Pricing Analysis </div>
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You found a healthy company with good management, so what is next? Buy? Not really. Look at the price. Cheap or expensive. FD’s PE in Malaysia is around 18x, only blue chips with high dividends yield can command that valuation. Generally main board PE should be around PE10x to 14x while ace is around PE 7 to 10x. Anything more or less than the amount, you need to have a good reason / story to back your purchase.</div>
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4. Theme Play / Industry in Action</div>
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This is a subjective manner, people buy a stock because of the upside value. Generally funds will rotate base on what is hot now and not few years down the road. Why? If we buy base on FA, we can keep it for months and years but how about Fund Managers? For you to know they have 12 months only to invest. By the time November comes, they have to finalize their trades and cut some losing stocks to show better year end results with not much losses carry forward and some spare cash to start the next year. Basically 10 months. For your understanding, theme play is for midterm. Pure FA play is definitely more than 10 months.</div>
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Conclusion:</div>
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Some FA clan will argue this PE is cheaper than that PE and the forward EPS is better than that EPS. So buy A stock and not B stock. Remember, listed company is there for business purposes. It’s the Management Team who runs the day to day business. Do not rely only to Financial Health to make the investment decision. It is just a part of the Fundamental Analysis.</div>
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Disclaimer and Declaration</div>
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</div>
<div>
The full content of the article is for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss. Examples of specific shares is citied for illustration purposes.</div>
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</div>
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Regards,</div>
<div>
</div>
<div>
Humblepie188</div>
<div>
Bursa Blue Ocean (by MIVCO)</div>
<div>
Please like us at our facebook page - Bursa Blue Ocean</div>
</div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com1tag:blogger.com,1999:blog-545298787175843708.post-9879651839854262662015-10-11T07:57:00.000-07:002015-10-11T07:57:20.990-07:00Pestech: My Darling Stock<div dir="ltr" style="text-align: left;" trbidi="on">
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1. <span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Management Team / Major Shareholders:</span></div>
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<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;"><br /></span></div>
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<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">After Humblepie188 sharing on 17 July @ Price 5.15,</span> we did notice the CEO/ED Mr. Lim Pay Chuan made another purchase on 2nd Sept at the price of 5.31. This further enhances our believe that Mr. Lim has confident with his listed vehicle to continouously generating good profits. </div>
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<img src="http://klse.i3investor.com/files/my/blog/img/bl1939_pestech_5.png" height="481" width="600" /></div>
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<span style="color: #222222; font-family: Arial, Verdana, sans-serif;">2. Financial Health Analysis </span></div>
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<u>Income Statement</u></div>
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i.Profit Margin = 14% / PASS (if < 5% fail)</div>
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ii.Profit for the past 5 years = Profit since listing in 2012 and growing / PASS </div>
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iii.Interest Cover = 6.27x / PASS (if <3x fail)</div>
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<u>Balance Sheet</u></div>
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iv.Current Ratio = 1.7x/ PASS (if < 1x fail) </div>
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v.Debts to Equity Ratio = 1.3x / PASS (if > 3x fail)</div>
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<u>Cash Flow</u></div>
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vi.Positive at least 1 year = YES / PASS</div>
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<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">3. Pricing Analysis</span></div>
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i. P/E Ratio: </div>
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Sept 14 + Dec 14 + Mac 15 + June 15</div>
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5.06 + 5.18 + 5.37 + 16.78 = EPS 32.1</div>
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Price 5.95 / 32.10 = PE 18.5x Comparable to PE for FD (Not Cheap)</div>
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ii. P/BV 3.65 (Not Cheap)</div>
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iii. Dividend Yield 1% - Negligible - Comstruction companies rarely pay dividends </div>
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<img src="http://klse.i3investor.com/files/my/blog/img/bl1939_pestech_2_2.png" height="360" width="600" /></div>
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<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">4. Economic / Industry - Theme play for now?</span></div>
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The past few months we had seen the volatility of RM/USD. From 3.50 to 4.20 It definately gives a good impact on Pestech's forex gain. The suprise EPS for Q4 2015 gives us the confident that the next quarter will be better due to the impact from forex gain for the period of June to Sept. We believe it has not been factored in. Pestech main revenues mainly comes from Cambodia and it is quoted in USD. The challenging environment is Malaysia will be a minor issue to Pestech's outlook. For construction companies like Pestech, she is defensive for current market scenario.</div>
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Conclusion</div>
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As long as Paul Lim still accumulating from the market, I'm confident with him. PE 18.5x is not cheap. For those investors who are willing to look at this counter, do prepare to hold mid to long term with less dividends. Congratulations again to Pestech who has joined the billionaire club.</div>
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<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Disclaimer and Declaration</span><br />
<br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;" />
<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">The full content of the article is for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss. Examples of specific shares is citied for illustration purposes.</span><br />
<br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;" />
<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Regards,</span></div>
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
<br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;" />
<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Humblepie188</span></div>
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Bursa Blue Ocean (by MIVCO)</span></div>
<div style="color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 18.48px;">Please like us at our facebook page - Bursa Blue Ocean</span></div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com1tag:blogger.com,1999:blog-545298787175843708.post-51462617865023390832015-10-11T07:19:00.001-07:002015-10-11T07:19:53.396-07:0012 Oct - 16 Oct 2015 Malaysia's market outlook - How long the rally can last?<div dir="ltr" style="text-align: left;" trbidi="on">
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Weekly Trend: Uptrend </div>
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The weekly trend was bullish as the FBMKLCI up more than 200 points in less than 3 months time due to previous oversold sentiment, the recent strong Ringgit versus the US dollar and the possible delay of US rate hike. However, there is a “Shooting Star” candlestick pattern spotted in the index after 5 straight day’s gain which suggests possible short-term trend weakness or price consolidation.</div>
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Support: In between 1647-1652</div>
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Resistance: 1740</div>
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Support level pledged at 1647-1652 (rising window gap) while resistance level at 1740.</div>
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Sector in focus: Undervalued GLC linked counters, and water and piping related counters.</div>
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👉ENGTEX TP: 1.22, 1.30 SL:1.10</div>
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👉TOPGLOVE TP:8.60, 8.90 SL:7.70</div>
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👉OLDTOWN TP:1.42, 1.58 SL:1.24</div>
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👉FGV TP:1.80 SL:1.4</div>
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👉BONIA TP:0.81 SL:0.675</div>
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👉UEMS TP:1.45 SL:1.13</div>
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👉SUNCON TP:1.31 SL:1.16</div>
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👉PMETAL TP:2.40 SL:2.03</div>
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👉HOHUP TP:1.10 SL: 0.95</div>
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👍 Please like us at our facebook page - Bursa Blue Ocean</div>
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Sincerely,</div>
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Bursa Blue Ocean (by MIVCO)</div>
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Disclaimer and Declaration</div>
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The information is meant for the members of Bursa Blue Ocean (BBO). Disclosure and distribution of the message without the permission of BBO is prohibited. The full content of the article and write ups are for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss</div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com1tag:blogger.com,1999:blog-545298787175843708.post-9631168499140049992015-10-04T06:04:00.001-07:002015-10-04T06:04:04.922-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
5 Oct-9 Oct 2015 Malaysia's Market Outlook<br />
<br />
"Will it be a Bull Trap?"<br />
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Weekly Trend: Trending up with downside bias<br />
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FBMKLCI formed higher low and lower highs in the past 6 weeks. This suggests a bullish signal from technical point of view.<br />
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Support: 1620<br />
Resistance: 1655<br />
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Support level pledged at 1620 while resistance level at 1655. we shall see further correction if 1620 level being violeted.<br />
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Sector in focus: Consumer. Drought causing the hike of raw food prices amid haze issues.<br />
<br />
Stocks picked for next trading week:<br />
1. Oldtown: TP 1.42, 1.58 SL 1.24<br />
2. Bonia: TP 0.81 SL 1.24<br />
3. Supermx: TP 2.20, 2.30 SL 1.92<br />
4. Penta: TP 0.84, 0.90 SL 0.75<br />
5. Unisem: TP 2.23, 2.30 SL 2.01<br />
6. Comform: TP 0.865 SL 0.790<br />
7. SunCon: TP 1.31 SL 1.16<br />
8. Armada: TP 1.15 SL 0.885<br />
9. Malakof: TP 1.86 SL 1.59<br />
<br />
Please like us at our facebook page - Bursa Blue Ocean<br />
<br />
Sincerely,<br />
Bursa Blue Ocean (by MIVCO)<br />
<br />
Disclaimer and Declaration<br />
<br />
The information is meant for the members of Bursa Blue Ocean (BBO). Disclosure and distribution of the message without the permission of BBO is prohibited. The full content of the article and write ups are for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss.</div>
Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com1tag:blogger.com,1999:blog-545298787175843708.post-87510839122215016172015-07-23T07:11:00.001-07:002015-07-23T07:11:13.765-07:00Pestech - Joining the Bursa Billionaire Club<div dir="ltr" style="text-align: left;" trbidi="on">
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Congratulations Pestech! She is no longer a Small and Mid cap player. When I first posted about Pestech it was 5.15 @ 17 July , the market cap of RM 956m, fast forward 4 working days it has break the billion dollar company mark. Today closing @ 5.56 with a market capitalization of RM1.033b. About 8% increased for a quick 4 trading days.</div>
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It has touched 1 billion mark. What's next? If the price is sustainable in another few trading days without huge force selling/profit taking, I am in the opinion that some bigger boys shall come in. Generally for larger Institutional Funds, they can only come in for company bigger than 1b. </div>
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Looking at their company's strategy of accumulating shares and cross it to the Institutional Funds, it would not suprise me if currently they are talking to the larger Institutional Fund House to join their journey. </div>
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Personally for myself, I will keep the share and continue my exciting journey with Pestech.</div>
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Posted on 17/7:</div>
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http://klse.i3investor.com/blogs/humblepie188/80032.jsp</div>
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Conclusion:</div>
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PE 17x is not cheap. For those investors looking for a very safe and high dividend yield stock, this is not for you. For investors who are willing to look at this counter, do prepare to hold mid to long term with less dividends given (it is normal for construction company to give less dividends). Personally I am monitoring this counter, if the bosses keep accumulating from the open market eventhough it touches RM5, I do not mind to follow his foot steps. </div>
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I believe Pestech is joining the billionaire club soon. </div>
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<span style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">Disclaimer and Declaration</span><br style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;" /><br style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;" /><span style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">The full content of the article is for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss. Examples of specific shares is citied for illustration purposes.</span><br style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;" /><br style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;" /><span style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">Regards,</span><br style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;" /><br style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;" /><span style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">Humble Pie</span></div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com2tag:blogger.com,1999:blog-545298787175843708.post-9269023831926912852015-07-17T03:16:00.002-07:002015-07-17T04:05:44.847-07:00Pestech International Bhd - Prudent Strong Management Team<div dir="ltr" style="text-align: left;" trbidi="on">
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Dear Readers,</div>
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Selamat Hari Raya to all Muslim friends in Malaysia! While enjoying a cup of latte, I am browsing through an interesting company with 3 years of listing record.</div>
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Today sharing will be a bit different. Generally sifus will be using Fundamentals to analyze a company moving forward for their future growth. My 2 cents are included other factors for sharing purposes.</div>
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1. <span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">Management Team / Major Shareholders:</span></div>
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<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">i. Bear in mind, good company is run by Great People. The brains and movers behind. If the bosses are reliable and generally sincere in doing business, you shall see their words/promises are kept.</span></div>
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Back to May 2012 IPO, if you browse through their Annual Report, one weird issue generally normal people won't notice, Pestech's Principle Advisor is Bank Islam. Why Bank Islam and not the other Investment Banks that are Small and Mid Cap IPO Specialist? Personally I guess if they are engaging 'The Small Cap IPO Specialist', the IPO valuation might be slightly better considering their ability/database available to push the Private Placement to Institutional Clients. </div>
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Bank Islam is one of the best practitioner of Shariah Principle in Malaysia and it carries a premium in the eye of our Muslim Institutional Funds and Muslim Investors. An engagement with Bank Islam generally it carries the understanding of prudent business.</div>
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ii. For the past 2 years, the CEO/ED Mr. Lim Pay Chuan has been buying back his own shares. He is doing Dividend Reinvestment Plan too. For lay man like us, dividend means income from investment received. For him to exercise this activity, he himself would not be getting monies from the dividends declared, only shares. For this idea to be successful, the owners must have confident with their own listed vehicle to continously generating good profits. </div>
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iii. A lot of young investors have not heard about Share Grant Plan (SGP). SGP is different from ESOS. ESOS is to be given to staffs who work about 3 years and above for their loyalty and a scheme to hold the staff for another few years. SGP is free shares to be rewarded base on achievement/KPIs met. </div>
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<img src="http://klse.i3investor.com/files/my/blog/img/bl1939_pestech.png" height="398" width="600" /></div>
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<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">2. Fundamental Analysis</span></div>
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Sept 14 + Dec 14 + Mac 15 = EPS of 22.29 for 3 Quarters</div>
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(22.29/3) X 4 = 29.72 (annualized 4 Quarters)</div>
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Price 5.15 / 29.72 = PE 17x </div>
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For the pricing, definately it is not cheap. Comparable to PE for FD of 18X.</div>
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<img src="http://klse.i3investor.com/files/my/blog/img/bl1939_pestech_3.png" height="308" width="600" /></div>
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<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">3. Economic / Industry</span></div>
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Pestech's business rely on Tenaga a lot. For the past few years they have diversified to few countries especially Cambodia and their reputation there is recognize by the government. They have reduced their dependancy to Tenaga for the past few years. I would not want to touch the FA in details, you may read it @ </div>
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http://www.bursamarketplace.com/index.php?ch=44&pg=158&ac=16504&bb=research_article_pdf</div>
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TP: 6.11</div>
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Being a construction company focusing on utilities, this sector are generally defensive and niche. For their competitors to emulate what Pestech can do, it is tough. </div>
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4. A quick glance on their shareholdings, Mr. Lim Ah Hock and Lim Pay Chuan controls more than 55% of the shares. Inclusive of their Directors and Friendly Institutional Funds who enjoy the ride for the past 3 years, I believe collectively they can reach up to 75% of the public spread. As long as the bosses keeps on accumulating from the market, I believe he would not bring me to Holland. Sellling the shares to institutional I believe it part of their strategy to introduce their company to Foreign Institutional Funds as they are actively involving business in Asean Market.</div>
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</div>
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<br />
<img src="http://klse.i3investor.com/files/my/blog/img/bl1939_pestech_4.png" height="337" width="600" /></div>
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<br /></div>
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Conclusion:</div>
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<br /></div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
PE 17x is not cheap. For those investors looking for a very safe and high dividend yield stock, this is not for you. For investors who are willing to look at this counter, do prepare to hold mid to long term with less dividends given (it is normal for construction company to give less dividends). Personally I am monitoring this counter, if the bosses keep accumulating from the open market even though it touches RM5, I do not mind to follow his foot steps. </div>
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I believe Pestech is joining the billionaire club soon. </div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
<br /></div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">Disclaimer and Declaration</span><br />
<br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;" />
<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">The full content of the article is for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss. Examples of specific shares is citied for illustration purposes.</span><br />
<br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;" />
<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">Regards,</span><br />
<br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;" />
<span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px;">Humble Pie</span></div>
</div>
Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com1tag:blogger.com,1999:blog-545298787175843708.post-88406901604771919692015-07-15T07:16:00.005-07:002015-07-15T07:16:57.858-07:00Reviewing Stocks Shared Since May 2015<div dir="ltr" style="text-align: left;" trbidi="on">
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Dear All,</div>
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<br /></div>
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I have selected some stocks since May 2015<strong> :</strong></div>
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<br /></div>
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YSP - First posted @ 21/2 = Price 1.42 </div>
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2nd time highlighted @ 1/5 = Price 1.58 </div>
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Price has run up to 2.90 @ 15/7 = From 1.58 to 2.90 =<strong><span style="color: lime;"> </span><span style="background-color: lime;">Profit of 84%</span> </strong></div>
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<br /></div>
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CCMDuo - First highlighted @ 21/2 = Price 2.83</div>
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2nd time highlighted @ 1/5 = Price 3.84 </div>
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15/7 Adding the right issue @ 1.80 on 1/5 purchase ( 2nd purchase date), my cost around 2.83 = <strong><span style="background-color: lime;">Profit of 2%</span></strong></div>
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15/7 closing price 2.88 </div>
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Hovid - First highlighted @ 21/2 = Price 0.44</div>
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2nd time highlighted @ 1/5 = Price 0.5</div>
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Using the 2nd purchase date @ 0.5 vs 17/5 closing 0.485 =<strong><span style="background-color: red;"> Loss of 3% </span></strong></div>
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</div>
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Can One - First posted @ 2nd May - Price RM 2.71 - Now @ 2.52 - <strong><span style="background-color: red;">Loss of 7%</span></strong></div>
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I am preparing to hold this counter as posted. </div>
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<br /></div>
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BJauto - First posted @ 20/2 = Price 3.45 </div>
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2nd time highlighted @ 2/5 = Price 4.04 </div>
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15/7 Adding the right issue @ 1.80 on 1/5 purchase, my cost =</div>
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3.45 + 4.04 = 3.75 (after dividend and bonus issue, cost is = RM 2.68 ,<span style="background-color: red;"> </span><strong><span style="background-color: red;">Loss of 2%</span></strong></div>
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Focus Lumber First discovered @ 2/6 = Price 1.34</div>
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15/7 = Price 1.48 - <strong><span style="background-color: lime;">Profit of 10.5%</span></strong></div>
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UEMS - Trading Buy @ RM 1 now RM 1.02 =<strong><span style="background-color: lime;"> Profit of 2%</span></strong> (will take out as it does not uses FA Model) </div>
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Matrix Concept posted on 22/5 @ 3.33, after Bonus Issus of 1 for every 6 held = Average Price 2.63</div>
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= After adding the free warrants, my <strong><span style="background-color: lime;">Profit should be around 2 ~ 3%</span></strong></div>
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To be meaningful, I am not using the 1st calling Price on YSP, CCM DUO and Hovid on Feb 2015. It would be more fair by using May's closing price. Generally during the tough time on May ~ July period, my portfolio still giving me a stabilize return. </div>
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<br /></div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
Why we are using FA for analysis and stock picks?</div>
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<br /></div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
Simple: 'Head I win, tail I won't lose much'</div>
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<br /></div>
<div style="background-color: white; color: #333333; font-family: Verdana, Arial, Helvetica, fantasy, sans-serif; font-size: 12px; line-height: 16px;">
Happy Trading ! </div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Disclaimer and Declaration</span></div>
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<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;">The full content of the article is for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss. Examples of specific shares may be citied for illustration purposes.</span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
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<span style="font-family: Arial, Helvetica, sans-serif;">Regards,</span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
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<span style="font-family: Arial, Helvetica, sans-serif;">Humble Pie</span></div>
</div>
Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com0tag:blogger.com,1999:blog-545298787175843708.post-40688689261475657372015-06-30T06:32:00.001-07:002015-06-30T06:34:53.585-07:00Margin for Single Counter Financing - Expensive Yet People Still Using It. Why?<div dir="ltr" style="text-align: left;" trbidi="on">
Dear Readers,<br />
<br />
This article is meant to share on Margin Financing for Single Counter. It is not an encouragement / promotion for readers to invest using SMF.<br />
<br />
Generally in Malaysia, the interest rate for Single Counter SMF ranges from 7% to 9%. The rollover fee is about 1% per quarter.<br />
If your relationship (your business status) with the bank is good, you may get it around 7% plus 0.5% rollover fees per quarter. End up to be around 9% per annum all in. <br />
<br />
If my holding cost is so high, why I am still using it? My dividend income definitely can't cover the cost of fund! Why still borrow and invest? Those who borrow have their objectives to be met. Let's look at some of it.<br />
<br />
1. During IPO Listing <br />
Certain parties would like to support the share price. Not all are IPOs are eligible for Green Shoe Option. For those who are RM500m and below for market capitalization post IPO and certain investors are aware the company is without a Green Shoe Option, they might need a plan. This investor group would like to see the share price to increase.<br />
Assuming IPO price RM1, post listing down to RM0.80, your SMF will comes in handy.<br />
<br />
2. To meet Corporate Exercise Objective<br />
Company announcement follow by Private Placement, Right Issues and follow by Free Warrants to entice you to subscribe for the Rights. Insufficient monies to subscribe the Rights, the Margin just fit the bill. Short term financing, getting the loan, exercise the rights, sell the warrants, pay back the bank for Margin expenses.<br />
<br />
3. Pending some contracts / awards / business announcement<br />
Certain parties might receive the rumors that the company 'will be awarded' or 'will be posting good financial results'. They use the Margin to collect more shares before announcement.<br />
<br />
4. House the Shares before selling to 3rd party<br />
Certain investors will use it to house the shares and place it to 3rd party afterwords.<br />
Eg. Fund House, Institutional Investors and Corporate Clients looking to buy a bulk for the listed shares.<br />
<br />
5. Short Term Cash Rolling<br />
The shares owner can pledge the shares to the bank and get a Short Term Loan for rolling purposes.<br />
Bank will give a 'Hair Cut' generally 50% of your pledged shares value and gives you cash to settle your other business needs.<br />
<br />
That is why you see, Single Counter Financing Account is for meeting your short term objectives with an EXIT PLAN. You can't keep using the Margin Account Forever without an Exit Plan.<br />
<br />
For general retailers like us, we might not me having this Single Counter Financing Issue. Hope you have more understanding on usage of SMF after this.<br />
<br />
Happy Trading !<br />
<br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Disclaimer and Declaration</span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
</div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;">The full content of the article is for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss. Examples of specific shares may be citied for illustration purposes.</span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
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<span style="font-family: Arial, Helvetica, sans-serif;">Regards,</span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
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<span style="font-family: Arial, Helvetica, sans-serif;">Humble Pie</span></div>
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<br /></div>
Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com0tag:blogger.com,1999:blog-545298787175843708.post-57874319411828975182015-06-27T22:09:00.005-07:002015-06-27T22:12:59.337-07:00Matrix Concept Holdings Bhd - Looking Forward for Free Warrants & Dividends<div dir="ltr" style="text-align: left;" trbidi="on">
Dear Readers,<br />
<br />
Matrix - Price traded at high of 3.33 @ 22nd May 2015. Since then retraced to RM 3.05 (8.5%)<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiU6hWCxtpZgbE_IVwyVVFXg2eBAfqK75AT0KK8lrL_9mbQLZT2EMKHjTK2hizmSLxrz6OPrhJdK3d3kuOj2qGwQDUEWtK21y7opDcOg0bpKK4dWpPCf-qShBQRAdVD0zD4VWPuERhuNPE/s1600/Matrix+2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiU6hWCxtpZgbE_IVwyVVFXg2eBAfqK75AT0KK8lrL_9mbQLZT2EMKHjTK2hizmSLxrz6OPrhJdK3d3kuOj2qGwQDUEWtK21y7opDcOg0bpKK4dWpPCf-qShBQRAdVD0zD4VWPuERhuNPE/s640/Matrix+2.png" width="640" /></a></div>
<br />
<br />
4 Quarters 2014 EPS -<br />
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Q1 2014 EPS = 12. 8<br />
Q2 2014 EPS = 14<br />
Q3 2014 EPS = 10.5<br />
Q4 2014 EPS = 12.4<br />
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Total 2014 EPS= 49.7<br />
Let's assume I am using current price to divide 2014 's EPS = Price 3.05/49.7 = P/E = 6.13 (personal forecast).<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQAfmTisMAiwMHpDrokf17WaT4iLmqATeMuLesMzWmEs8lHUr7_6OfY2foWllnMHvYTvkgtuhfO6oXQsxfjHvvHqKHiEKtbGJXyS_vszG-_YXAltXrsC5DfizxWiCPzZaP8TobrN4LCLQ/s1600/Matrix+4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="310" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQAfmTisMAiwMHpDrokf17WaT4iLmqATeMuLesMzWmEs8lHUr7_6OfY2foWllnMHvYTvkgtuhfO6oXQsxfjHvvHqKHiEKtbGJXyS_vszG-_YXAltXrsC5DfizxWiCPzZaP8TobrN4LCLQ/s640/Matrix+4.png" width="640" /></a></div>
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1st Quarter 2015 EPS - 25.2 (can't use it for calculation)<br />
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FYI, I am not using Matrix's 1Q 2015 EPS to do assumption due to the one off higher contribution from industrial land sales and higher billings from property development before GST.<br />
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Let's assume the balance 3 Quarterly Reports from Matrix earnings are the lowest in 2014 which is Q3 @ 10.5.<br />
Q1 2015 @ 25.2 + 10.5 + 10.5 +10.5 = EPS of 56.7<br />
Price = 3.05 / 56.7 = P/E = 5x<br />
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The good thing is the Management Team has reaffirmed the Dividend Payout of 40%. I am using let's say 0.20 to pay out for the 2015's dividend is work out to be 6.5%. I am looking for the Bonus Issue and Free Warrants of 1/6 shares held.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMZUPg5sSUWE4i5r9rVsWq7CbyNg8us1JhZLMNbFuzqWV1W21Nm9YIVuBCAVqW1_04-F1kcFkEY9vDVyVvhg9OGZ66PDO4rnVscwipEzoeklNBcIMi1GzlsZx9XviPwxSbrVf_OKNK-Cg/s1600/MAtrix+1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMZUPg5sSUWE4i5r9rVsWq7CbyNg8us1JhZLMNbFuzqWV1W21Nm9YIVuBCAVqW1_04-F1kcFkEY9vDVyVvhg9OGZ66PDO4rnVscwipEzoeklNBcIMi1GzlsZx9XviPwxSbrVf_OKNK-Cg/s640/MAtrix+1.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg03c3canbJ-jtOzDdnPy4wXfKzbe6Wj_A6LvnokpTdwkb-inPVoAxJ3vbmX_YLX7iG4nvjKuGIgUrCtpLNbIZdEjS9vP4cO7tCyQIbvtCgEHhNn4rqTTwqGch8KnJt4wV2U1I2IwUVkOU/s1600/Matrix+3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg03c3canbJ-jtOzDdnPy4wXfKzbe6Wj_A6LvnokpTdwkb-inPVoAxJ3vbmX_YLX7iG4nvjKuGIgUrCtpLNbIZdEjS9vP4cO7tCyQIbvtCgEHhNn4rqTTwqGch8KnJt4wV2U1I2IwUVkOU/s640/Matrix+3.png" width="640" /></a></div>
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As the management already paid 4 cents last week, I am expecting another 16 cents balance for 2015's dividend which work out to be around 5%.<br />
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As the property sector is not looking this year, the decision is up to you. One thing I like about this company is the Big Boss Dato' Lee donated 5m shares to Chung Wah High School in PD post IPO.<br />
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If the man is willingly share his success and wealth with those who are in need, I believe in his Prudent Management and Leadership.<br />
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<span style="background-color: white; color: #141823; font-family: Arial, Helvetica, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px;">Disclaimer and Declaration</span><br />
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;">The full content of the article is for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss. Examples of specific shares may be citied for illustration purposes.</span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Regards,</span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Humble Pie</span></div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com0tag:blogger.com,1999:blog-545298787175843708.post-62072532564630013402015-06-22T09:38:00.000-07:002015-06-22T09:40:04.443-07:00UEMS @ RM1 - Buying on GOOD SUPPORT!<div dir="ltr" style="text-align: left;" trbidi="on">
Market has not been good to UEMS for the past few months.<br />
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Why?<br />
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77% of her land bank are at Johor, challenging property market outlook, removal from MSCI Malaysia Index.<br />
<br />
The most important:<br />
<br />
When she Pull Out / Cancellation of MOU with China Chinamall on 27 May in a development in Nusajaya Johor, she is being hit badly.<br />
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After the announcement, the share price dropped from 1.11 to 1.03. It was hovering there since. Lowest was 1.01 closed.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuN1WLqAS4gz3eTLoQiKXeSflbUxrDlGlBpbS8SbEc1i4rjSiBhPdeZ1jEo5Hxo6DnpUc3KrD0ElOqffvqEkCx8Br1k2EsejPxnEUSAW5bRrcGtGh1XJLO_8K8oApOXL_FVfqfvBWBiF8/s1600/UEMS+2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="504" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuN1WLqAS4gz3eTLoQiKXeSflbUxrDlGlBpbS8SbEc1i4rjSiBhPdeZ1jEo5Hxo6DnpUc3KrD0ElOqffvqEkCx8Br1k2EsejPxnEUSAW5bRrcGtGh1XJLO_8K8oApOXL_FVfqfvBWBiF8/s640/UEMS+2.png" width="640" /></a></div>
What attracted me to look at this counter is not her Good FA.<br />
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(latest Q1 2015 EPS = 1.17, annualized is 1.17 X 4 = 4.68: P/E = 1.01/4.68 = 21x)<br />
<br />
Look at another graph as below:<br />
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Whenever it touches 0.995 at it's low, it bounce back and closed above RM1.<br />
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Total 3x it touched 0.995. I am not a fan of UEMS looking at current property market outlook, but I am interested to nibble when it touches RM1 and do a little of swing trade. It reminds me of Bumi Armada few months back. =). Too big to drop below RM1 perhaps?<br />
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If this trick does not work, remember your stop loss/cut loss position. THIS TRADING COMES WITH RISK !<br />
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As there is no TA or FA to support this trading methodology.<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifRv_hZWpEFoKWTCiht65xIfoeBVVFJipyLW9cQzvr5DzkAxOGxCrBx1Abf8hW31xlGfq5Z9mNkPHUbqDnH1x8M-dSiYUX6VmV5cR26-wM3-tLpkaEHDMhKczaZxaSPtEjn3ht5QEooVo/s1600/umes+3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifRv_hZWpEFoKWTCiht65xIfoeBVVFJipyLW9cQzvr5DzkAxOGxCrBx1Abf8hW31xlGfq5Z9mNkPHUbqDnH1x8M-dSiYUX6VmV5cR26-wM3-tLpkaEHDMhKczaZxaSPtEjn3ht5QEooVo/s640/umes+3.png" width="400" /></a></div>
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<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Disclaimer and Declaration</span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;">The full content of the article is for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss. Examples of specific shares may be citied for illustration purposes.</span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Regards,</span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div style="background-color: white; color: #141823; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.1999998092651px; line-height: 19.3199996948242px; margin-bottom: 6px; margin-top: 6px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Humble Pie</span></div>
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Anonymoushttp://www.blogger.com/profile/01055766848242156624noreply@blogger.com0