2721wow..congrats to mahsing able to sustain in a profitable way..
bsngpg2016 Nov : 下调全年销售目标，从23亿令吉调整至18亿令吉 2015 Aug : cut its sales target to MYR2.3bn from MYR3.4bn
====>"BIZ IS GOING DOWN HILL".
Golden Rule of Super investor : Buy only when profit of next qtr will be better than the last. Cold Eye's Formula : 反向+"成长"+时间=财富。
===>My big investment in Mahsing is neither meeting Golden Rule nor formula of Cold Eye, leaving to only one direction = DOWN.
Worst still : 3 Qtrs eps =9.92cents. Annualize it to get whole year eps at 13.22 cents. At 40% DPO, div for 2017 will be only 5.29 cents= which is 19% less than 2016(5.29/6.5).
"Cooler than water" for few years.
bsngpgAmong Mahsing, Tambun, Matrix, Huayang: Huayang : poor biz Matrix : higher earning visibility Mahsing : creative to fight macro environement Tambun : quiet but deliver
bsngpgFor those who plan to buy Mahsing, I would say please hold for while to get lower entry price.
henry9889why mashing price drop when quarter result is within expectation?
bsngpgI opine people who likes Mahsing can stand by now.
bsngpgMany research houses gave FV at the range 1.47-1.60. I personally do not think so instead my FV for Mahsing is about 1.32 +/- 10% with PE 10x.
bsngpgBeing said that, I am still holding my biggest investment in Mahsing although I foresaw it to sink as investing in a company is for long term where I "do not want" to drift along with the cyclical variation.
bsngpgBleeding likes hell from Mahsing. Crying!!! Will still hold on it tightly and foresee to bleed further, shit.
Last few weeks, Mahsing was traded at high RM1.65 before cutting sales target by 22% from 2.3 bil to 1.8 bil. After cutting sales by 22% announced on 25 Nov16, the price may adjust down 22% too, 1.65-22%=RM1.29.
bsngpgWelcome to Mahsing. Your entry price is not expensive. My long term experience in Mahsing told me that we have to be very patient with this "TortoiseSing". For short to mid term, we are likely to see neutral to negative value on our investment, but for long term we will eventually win just as quoted by Len Yan sifu that his friend got 10+ folds profit from Mahsing in 10+ years. I invest in Mahsing less than 10 years, thus that is not me but my profit from profit is significant thus far.