Wednesday, January 13, 2010
Tuesday, January 12, 2010
Stock Tips??
SERNKOU
Rumour: The major shareholding change hand might trigger the need for mandatory takeover.
Current price: 0.33
Target price: 0.70
Too bad I bought it at a bit high price (0.38) when the price moving down cheaper & cheaper.
watch out SEACERA !!
now 36 sen.....T.P. 1.00
going 2 place out share at 1.00......BOSS going 2 push up to 1.00
if not, nobody will take up the private placement !!
i bought at 41 sen....going 2 buy more
the price stil cheap....
NTA 1.36, making profit 1.588 million for the last quarter
T.P. 1.00
WINSUN
Speculation basic: Contract worth RM20-30 million from Maanshan Steel Group which was in deferment last year will be re-activated again & more contracts from China will be realised soon.
Current price: 0.08
Target Price: 0.30
I got 0.07 last time, & plan to sell some 0.10. :D
Hope today can rally to 0.10! :mrgreen:
Possible?
MAXTRAL
25 sen should b a good buy....
Maxtral net assets per share 95 sen, latest 1/4 report registered
4.623 million profit, cash at hand 14.6 million....TAIWAN connection
so, 25 sen is a very good bargain price,
grab it fast !!
after profit taking, MAXTRAL will continue its journey towards 50-54 sen.
dont believe ??
better believe it !!
UDSCAP. Bro making loss one wor this company.
Boleh keep?
buy 16-18 sen....dont chase,
loss making but results improving...cash in hand minus overdraft still
got 3.8 million n debt level decreasing.
short term target 20 sen.
ASB
buy around 15-16 sen....their NAPS 90 sen n cash in hand 75 million,
tis stock at current level consider cheap....good 4 long term buy.
T.P. > 20 sen.
Rubber stock performance 12 Jan 2010
Rubber Gloves: Strong start to the year but share prices still have room to run Overweight
Top Glove - Fair value RM13.80 - Outperform
Kossan - Fair value RM10.22 - Outperform
Adventa - Fair value RM4.34 - Outperform
Hartalega - Fair value RM7.36- Market Perform
Monday, January 11, 2010
Sarawak-related stocks in focus
KUALA LUMPUR: Sarawak-based companies came under the radar of investors on Jan 11 following news that foreign direct investment (FDI) from China of up to US$11 billion (RM36.74 billion) will be flowing into the country’s largest state.
Some Sarawak counters ended the day higher compared to their closing prices for 2009 just over a week ago.
HOCK SENG LEE BHD [], which specialises in reclamation and dredging, ended on Jan 11 up 7% at RM1.13 versus RM1.06 on Dec 31, 2009.
DAYANG ENTERPRISE HOLDINGS BHD [] rose 5% to RM1.82 from RM1.73 on Dec 31. The oil and gas services provider’s shares touched a 52-week high of RM1.84 last Wednesday.
Also on the rise is Kuching-based engineering company KKB ENGINEERING BHD [] whose share price jumped 6% within a span of six trading days to close at RM3.20 on Jan 11. Ending last year at RM3.01, KKB had touched its 52-week high of RM3.24 last Tuesday.
Sarawak PLANTATION [] Bhd closed at RM2.20 on Jan 11, up nine sen from Dec 31 while TRC SYNERGY BHD [] ended at RM1.38, up three sen over the same period.
State-controlled CAHYA MATA SARAWAK BHD [] (CMSB) closed 20% higher at RM1.78 on Jan 11 compared with its close of RM1.48 six trading days ago.
While the jump in its stock price could be due to the positive vibes surrounding Sarawak of late, it could also be because of CMSB’s recent corporate development.
Last Friday, CMSB announced that it would be selling its 37.21% stake in UBG BHD [] to PetroSaudi International Ltd for RM465.52 million which CMS had noted could be used for higher-yielding investment opportunities.
Not only are investors excited by the Sarawak play, even heads of research too are singing the Sarawak tune.
“We are quite positive on the Sarawak theme play. Unlike some of the other growth corridors that are dependent on attracting investment in services, Score (Sarawak Corridor of Renewable Energy) is fashioned on the tried-and-tested formula of attracting investments in manufacturing, specifically heavy industries.
“Our stock picks for this are Hock Seng Lee, Naim (Holdings Bhd), KKB and Leader Universal Bhd … they’ll likely be beneficiaries of Score and even from the potential US$11 billion foreign direct investment that is said to flow into the state. CMSB is also a potential beneficiary from all this,” OSK’s head of research Chris Eng told The Edge Financial Daily.
“Looking at Sarawakian boys, they have not gone for big things but have been quietly running their respective businesses and been profitable year after year.
“They are not into big-scale projects… but focus on projects like flood mitigation, roads. They have been quietly doing their jobs and delivering it in the process. They have been generally focused on Sarawak jobs and that itself is quite a large market,” Eng added.
Kenanga’s head of research Yeonzon Yeow also believes things are looking up for Sarawak companies.
“Score is the only real economic corridor where there are natural resources that will be tapped to create value, and that is cheap power. That itself is a huge catalyst for the growth of the state.
“Also, with quite a large part of the state still under-developed, there is a need for the development of ancillary infrastructure to tap the cheap power source and for the development of the Score projects, thereby providing potential contracts for the local companies,” he said.
Meanwhile, Maybank Investment Bank Research said it expected CONSTRUCTION [] awards in Sarawak to be stronger in 2010 with a higher development expenditure by the federal government.
“The 10th state election is due by May 2011; the last state election was on May 20, 2006. This may speed up the award of basic social-infrastructure works for roads, schools and healthcare centres in the state in 2010.
“In addition, PM Datuk Seri Najib Razak had in September 2009 reaffirmed a higher development allocation for Sarawak under the 10MP (10th Malaysia Plan). Allocation for Sarawak rose 18% during the 9MP with the state taking up 7% of the total allocations for the country,” it said in a recent research note.
http://www.theedgemalaysia.com/business-news/157267-sarawak-related-stocks-in-focus.html
Some Sarawak counters ended the day higher compared to their closing prices for 2009 just over a week ago.
HOCK SENG LEE BHD [], which specialises in reclamation and dredging, ended on Jan 11 up 7% at RM1.13 versus RM1.06 on Dec 31, 2009.
DAYANG ENTERPRISE HOLDINGS BHD [] rose 5% to RM1.82 from RM1.73 on Dec 31. The oil and gas services provider’s shares touched a 52-week high of RM1.84 last Wednesday.
Also on the rise is Kuching-based engineering company KKB ENGINEERING BHD [] whose share price jumped 6% within a span of six trading days to close at RM3.20 on Jan 11. Ending last year at RM3.01, KKB had touched its 52-week high of RM3.24 last Tuesday.
Sarawak PLANTATION [] Bhd closed at RM2.20 on Jan 11, up nine sen from Dec 31 while TRC SYNERGY BHD [] ended at RM1.38, up three sen over the same period.
State-controlled CAHYA MATA SARAWAK BHD [] (CMSB) closed 20% higher at RM1.78 on Jan 11 compared with its close of RM1.48 six trading days ago.
While the jump in its stock price could be due to the positive vibes surrounding Sarawak of late, it could also be because of CMSB’s recent corporate development.
Last Friday, CMSB announced that it would be selling its 37.21% stake in UBG BHD [] to PetroSaudi International Ltd for RM465.52 million which CMS had noted could be used for higher-yielding investment opportunities.
Not only are investors excited by the Sarawak play, even heads of research too are singing the Sarawak tune.
“We are quite positive on the Sarawak theme play. Unlike some of the other growth corridors that are dependent on attracting investment in services, Score (Sarawak Corridor of Renewable Energy) is fashioned on the tried-and-tested formula of attracting investments in manufacturing, specifically heavy industries.
“Our stock picks for this are Hock Seng Lee, Naim (Holdings Bhd), KKB and Leader Universal Bhd … they’ll likely be beneficiaries of Score and even from the potential US$11 billion foreign direct investment that is said to flow into the state. CMSB is also a potential beneficiary from all this,” OSK’s head of research Chris Eng told The Edge Financial Daily.
“Looking at Sarawakian boys, they have not gone for big things but have been quietly running their respective businesses and been profitable year after year.
“They are not into big-scale projects… but focus on projects like flood mitigation, roads. They have been quietly doing their jobs and delivering it in the process. They have been generally focused on Sarawak jobs and that itself is quite a large market,” Eng added.
Kenanga’s head of research Yeonzon Yeow also believes things are looking up for Sarawak companies.
“Score is the only real economic corridor where there are natural resources that will be tapped to create value, and that is cheap power. That itself is a huge catalyst for the growth of the state.
“Also, with quite a large part of the state still under-developed, there is a need for the development of ancillary infrastructure to tap the cheap power source and for the development of the Score projects, thereby providing potential contracts for the local companies,” he said.
Meanwhile, Maybank Investment Bank Research said it expected CONSTRUCTION [] awards in Sarawak to be stronger in 2010 with a higher development expenditure by the federal government.
“The 10th state election is due by May 2011; the last state election was on May 20, 2006. This may speed up the award of basic social-infrastructure works for roads, schools and healthcare centres in the state in 2010.
“In addition, PM Datuk Seri Najib Razak had in September 2009 reaffirmed a higher development allocation for Sarawak under the 10MP (10th Malaysia Plan). Allocation for Sarawak rose 18% during the 9MP with the state taking up 7% of the total allocations for the country,” it said in a recent research note.
http://www.theedgemalaysia.com/business-news/157267-sarawak-related-stocks-in-focus.html
Rubber stock performance 11 Jan 2010
CIMB Research ups Latexx Partners (7064.KU) target to MYR5.44 from MYR4.36 based on unchanged 30% discount to rival Top Glove's (7113.KU) target market PE of 16.5x; this, after raising house FY10-11 earnings for Latexx by 23-25% after getting updates on company's expansion plans; keeps Outperform call, which is premised on the potential re-rating catalysts of the company's move towards higher-margin premium products, latest JV agreement produce, market and distribute protein-free natural rubber gloves.
In Latexx, it is teaming up with Amsterdam-based Budev BV to market and distribute protein-free gloves. The JV company would treat natural rubber latex examination and surgical gloves using Budev's TECHNOLOGY [].
The proposed JV would enable Latexx to venture into a new era of technology to treat natural rubber latex examination and surgical gloves with extremely reduced levels of proteins and allergens to non-detectable level to prevent users from having an allergic reaction.
Sunday, January 10, 2010
Which Rubber Stock Has Best Value - Part 2
Here are the details to my analysis of the rubber stocks best value: Hope this helps in your stock picking.
Ratio Rv = today opening price/fair price
1. Supermax ( Qtrly eps 12.6 sen, fair value RM5.07***). Rv = RM5.39/fair value = 1.06
2. Top Glove (Qtrly eps 21.0 sen, fair value RM7.90). Rv = RM10.40/fair value = 1.32
3a. Latexx (Qtrly eps 6.3, fair value RM2.52). Rv = RM3.40/fair value = 1.35
3b. Harta (Qtrly eps 12.3, fair value RM4.96). Rv = RM6.70/fair value = 1.35
4. Kossan (Qtrly eps 8.7, fair value RM 3.48). Rv = RM5.93/fair value = 1.70
5. Adventa (Qtrly eps 4 sen, fair value 1.60). Rv = RM3.50/fair value = 2.19
Oooops... I din't grabbed the best valued rubber stocks.. Well then, it's time to add Supermax....
Sorry I didn't include IRCB (loss making?) and Rubberex (industrial/household gloves) in my analysis. Rubberex (latest eps 6.8 sen) may follow the path of Adventa (both were at the initial RM1.80 range prior to making their big moves). Oh btw, Adventa will declare dividend (4 sen.???) soon..
*** Psst...
How I assume my fair value is interestingly simple.
Assume annualised PER (price/earnings) = 10, then quaterly PER (price/quarterly earning) = 40, meaning quaterly PER = 40 sen/ 1 sen.
So I'm willing to pay 40 sen on the price of a stock when it can earn 1 sen per quarter or 4 sen per year. Make sense...?
Take GenM (Resort) as an example
Latest Quaterly eps is 7 sen, so I'm willing to pay 40 x 7 sen = RM2.80 as fair price..
I'll accumulate more of GenM at below RM2.80 for now
Posted by Remnant 613 at 1:13 AM
Labels: Fair price
3 comments:
David Ng said...
Personally I own some rubbers (Supermx & Kossan) and I like the way you analyze them based on "best value". Just sharing why I took Kossan instead.
Yes, I have kossan and my data shows me that latest quater earnings is 9.61. Bad news from Kossan was because of their forex losses and 2 fire incidents. That probably put off a lot of people.
Kosan's forex loss for the last quarter was Rm 11.271 million or about 7 cents per share. Management says this is the last quater for the forex lost.
I then exclude this forex lost from their last quarter earnings... then their earning should be more than 16 cents per share .
CIMB report also indicates that the foreign funds are not at the top level.
Then using back your calculation
0.16 * 4 * 10
$ans = 6.400000
Last trade 5.90
5.90 / 6.40 = 0.92 (even less than Supermx)
The other company that mentioned with forex loss was Adventa with a loss of Rm 2.4 million or 1.6 cents PS. USing the same formula...
(3.720 + 1.6) * 4 * 10 = 212.80
Last trade 3.69
3.690 / 2.1280
$ans = 1.734023
I am for long term and have entered into Kossan. Short term traders will find it difficult to trade Kossan because of low volume.Hopefully it will not dissapoint.
January 8, 2010 3:50 PM
David Ng said...
On second reading, Kossan's Management say 4QFY09 will be their last forex loss. They are in 4QFY09 now.
January 8, 2010 4:23 PM
Remnant 613 said...
It's rather unfortunate that Kossan's quarterly eps suffers from a recent forex loss and fire mishap.
Otherwise, Kossan may have risen to RM8.30 range, medium term (within 2010).
It was prudent of you to add/hold Kossan to your portfolio on the prospect of improving quarterly EPS.
I know we'll be well rewarded coz I'm buying into it too....!
Thamk you very much.
January 9, 2010 8:16 PM
http://remnant888.blogspot.com/2010/01/which-rubber-stock-has-best-value-part.html
Ratio Rv = today opening price/fair price
1. Supermax ( Qtrly eps 12.6 sen, fair value RM5.07***). Rv = RM5.39/fair value = 1.06
2. Top Glove (Qtrly eps 21.0 sen, fair value RM7.90). Rv = RM10.40/fair value = 1.32
3a. Latexx (Qtrly eps 6.3, fair value RM2.52). Rv = RM3.40/fair value = 1.35
3b. Harta (Qtrly eps 12.3, fair value RM4.96). Rv = RM6.70/fair value = 1.35
4. Kossan (Qtrly eps 8.7, fair value RM 3.48). Rv = RM5.93/fair value = 1.70
5. Adventa (Qtrly eps 4 sen, fair value 1.60). Rv = RM3.50/fair value = 2.19
Oooops... I din't grabbed the best valued rubber stocks.. Well then, it's time to add Supermax....
Sorry I didn't include IRCB (loss making?) and Rubberex (industrial/household gloves) in my analysis. Rubberex (latest eps 6.8 sen) may follow the path of Adventa (both were at the initial RM1.80 range prior to making their big moves). Oh btw, Adventa will declare dividend (4 sen.???) soon..
*** Psst...
How I assume my fair value is interestingly simple.
Assume annualised PER (price/earnings) = 10, then quaterly PER (price/quarterly earning) = 40, meaning quaterly PER = 40 sen/ 1 sen.
So I'm willing to pay 40 sen on the price of a stock when it can earn 1 sen per quarter or 4 sen per year. Make sense...?
Take GenM (Resort) as an example
Latest Quaterly eps is 7 sen, so I'm willing to pay 40 x 7 sen = RM2.80 as fair price..
I'll accumulate more of GenM at below RM2.80 for now
Posted by Remnant 613 at 1:13 AM
Labels: Fair price
3 comments:
David Ng said...
Personally I own some rubbers (Supermx & Kossan) and I like the way you analyze them based on "best value". Just sharing why I took Kossan instead.
Yes, I have kossan and my data shows me that latest quater earnings is 9.61. Bad news from Kossan was because of their forex losses and 2 fire incidents. That probably put off a lot of people.
Kosan's forex loss for the last quarter was Rm 11.271 million or about 7 cents per share. Management says this is the last quater for the forex lost.
I then exclude this forex lost from their last quarter earnings... then their earning should be more than 16 cents per share .
CIMB report also indicates that the foreign funds are not at the top level.
Then using back your calculation
0.16 * 4 * 10
$ans = 6.400000
Last trade 5.90
5.90 / 6.40 = 0.92 (even less than Supermx)
The other company that mentioned with forex loss was Adventa with a loss of Rm 2.4 million or 1.6 cents PS. USing the same formula...
(3.720 + 1.6) * 4 * 10 = 212.80
Last trade 3.69
3.690 / 2.1280
$ans = 1.734023
I am for long term and have entered into Kossan. Short term traders will find it difficult to trade Kossan because of low volume.Hopefully it will not dissapoint.
January 8, 2010 3:50 PM
David Ng said...
On second reading, Kossan's Management say 4QFY09 will be their last forex loss. They are in 4QFY09 now.
January 8, 2010 4:23 PM
Remnant 613 said...
It's rather unfortunate that Kossan's quarterly eps suffers from a recent forex loss and fire mishap.
Otherwise, Kossan may have risen to RM8.30 range, medium term (within 2010).
It was prudent of you to add/hold Kossan to your portfolio on the prospect of improving quarterly EPS.
I know we'll be well rewarded coz I'm buying into it too....!
Thamk you very much.
January 9, 2010 8:16 PM
http://remnant888.blogspot.com/2010/01/which-rubber-stock-has-best-value-part.html
Saturday, January 9, 2010
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