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Bursa Master

Author: BURSAMASTER   |   Latest post: Sun, 25 Oct 2020, 7:31 PM

 

LION IN THE DEN SLEEPING, WAITING TO POUNCE !!!

Author: BURSAMASTER   |  Publish date: Sun, 25 Oct 2020, 7:31 PM


LIONIND - LION IN THE DEN SLEEPING, WAITING TO POUNCE !!!

Hello to all readers out there. Recently, I noticed that some steel counters had been picking up momentum as most of them had dried up the sellers at the support line. Also, commodity prices are picking up as China has resumed industrial and construction works.

Having said the above, the stock which I'd like to talk about today is LION INDUSTRIES CORPORATION BERHAD (LIONIND - Stock Code 4235, Main Market, Industrial Products & Svcs - Metals)

 

BASIC INFORMATION ABOUT LIONIND

LIOND was listed on BSKL in 1973, with core business in:

i) Manufacturing of long steel products

ii) Property Management and Residential Development

Market Capitalization : RM 190.25 million

Shares Float : 717.91 million

Website : http://www.lion.com.my/WebCorp/licb.nsf/corp_profile

 

 

 

1. STEEL PRICES RISING WORLDWIDE ON INDUSTRIAL REBOUND !!!

Refer below article by Reuters. Many mills had been closed down or affected due to the COVID19 pandemic in Q2 and Q3.

However, recently, a lot of steel mills have been back online as industrial activity picked up.

China, the world's biggest steel market, had seen strong demand picking up, as they recover from the pandemic. The rest of the world is also picking up.

Thus, I opine that Malaysia steel players would also see a better future ahead in the near to mid term, as ths COVID19 pandemic would be over soon once the vaccine has been approved for public use.

https://www.reuters.com/article/us-steel-outlook-graphic/steel-prices-to-keep-rising-on-industrial-rebound-margins-soft-idUSKBN2662ID

 

 

2. HIGH NTA RM 1.82, AND CASH IN HAND RM 333.5 MIL (46c) IS 

MUCH HIGHER COMPARED TO MARKET CAP OF RM 190.3 MIL !!!

Below is the Asset Versus Liability sheet as of latest QR. A few key points to note:

- Total Asset stood at RM 2.5 billion (NTA RM 1.82)

- Total Liability stood at RM 1.09 billion

- Assets Exceed Liabilities by RM 1.41 billion (Asset surplus company)

- Total Cash position is RM 333.5 mil (cash per share of 46.4c, which is 175% of market cap)

This means that the latest closing price of 26.5 cents is a 85.5% discount to its NTA.

Also, the cash pile itself is already 1.75 times higher than its total market cap. 

Best to say, that the company would be well prepared to weather the COVID19 pandemic.

 

 

3. TECHNICAL ANALYSIS - BUY AND ACCUMULATE AT SUPPORT,

PATIENCE PAYS!!!

Refer below the basic price and volume chart with key EMAs for LIONIND daily chart :

 

A few observations on the daily chart:

i. Refer Circle 1, the stock saw surge in volume entering in May 2020, after the Movement Control Order (MCO) was eased and Construction Sector was allowed to open. 

ii. Refer Circle 2, the stock spiked to a recent high of 37c in June 2020, on the back of strong volume, and nearly touched the R1 resistance area before reversing direction

iii. Refer Circles 3 & 4, where we see that the sellers have been dried up, at the support area S1, which is between 25-26c. This area seems to have a large support of buyers, waiting to enter the stock.

iv. Should buyers be interested in this stock, we might see an upmove back to test the R1 resistance around 38-40c, then R2 resistance at 54-56c

 

CONCLUSION

Considering all the above, I opine that current price for LIONIND is attractive due to below:

i) Global steel prices are recovering, as industrial activities are picking up as the world works in a new normal facing COVID19 pandemic

ii) Latest closing price offers a 85.5% discount to its NTA, and the company has a huge cash pile of 46.4c per share, which is 1.75 times is latest market cap

iii) Chart showing a good level to accumulate this stock at the S1 support price between 25-26c

 

LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEAR FUTURE FORBEARING ANY GOOD CORPORATE NEWS.

Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.

BURSAMASTER

Labels: LIONIND
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sensonic WILL MARKET RALLY TOMORROW DUE TO NO STATE OF EMERGENCY ??
25/10/2020 8:10 PM
Zolan2020 panic buy coz panic sell last friday i guess
25/10/2020 8:11 PM
sensonic I ALSO THINK PANIC BUY TOMORROW DUE TO PANIC SELL ON FRIDAY
25/10/2020 8:43 PM
tips888 TQ MR DIY 30K
26/10/2020 3:15 PM
holely 46.4 cents cash....?? how are they going to put that into use?
26/10/2020 4:34 PM
sense maker Many are still trapped in the lion den.
26/10/2020 7:27 PM
UnicornP In Bursa Master we trust.
27/10/2020 1:32 PM

THIS CO MIGHT RECEIVE A REVISED PRIVATIZATION OFFER AS THE CURRENT OFFER IS WAY BELOW NTA !!!

Author: BURSAMASTER   |  Publish date: Sat, 24 Oct 2020, 1:50 PM


MESB - THIS CO MIGHT RECEIVE A REVISED PRIVATIZATION OFFER

AS THE CURRENT OFFER IS WAY BELOW NTA !!!

MESB-此公司可能会收到修订的私有化报价由于当前报价低于先有的 NTA!!!

Hello to all readers out there. In recent weeks, I saw that apparel related counters had moved quite strongly, e.g. PRLEXUS, PCCS, JERASIA to name a few.

Having said the above, the stock which I'd like to talk about today is MESB BERHAD (MESB - Stock Code 7234, Main Market, Consumer Products & Svcs - Personal Goods)

大家好!最近几周,我发现与服装相关上市公司交易非常活跃,例如PRLEXUS,PCCS和JERASIA仅举几例。

综上所述,我今天要谈的股票是MESB BERHAD(MESB-股票代码7234,主要市场,消费品和服务-个人物品


BASIC INFORMATION ABOUT MESB

MESB was founded in 1995, with core business in:

i) Retail - Trading in quality leatherware products 

Some brands that they have exclusive license to sell in Malaysia is Alain Delon and Pierre Cardin. They also have in house brands, namely Giossardi and Giamax.

Market Capitalization : RM 45.09 million

Shares Float : 106.10 million

Website : http://mesbbhd.com/

关于MESB公司的基本面

MESB成立于1995年,主要业务在:

i)零售-优质皮具产品贸易

他们拥有在马来西亚独家销售的某些品牌是Alain DelonPierre Cardin。他们还拥有内部品牌,即GiossardiGiamax

市值:RM 4,509 million

流通股:106.10 million


网址:http://mesbbhd.com/

 

  

 

1. PRIVATIZATION OFFER FROM WONG SAK KUAN & YAU MING

TECK (DIRECTORS OF LOTUS KFM BERHAD) ON 12 OCT 2020 !!!

MESB rose to as high as 55c upon receiving take over offer by LOTUS KFM Directors - Wong Sak Kuan & Yau Ming Teck who jointly hold 44.14% stake in MESB after recently acquiring from existing major shareholders.

Looking at the NTA of 76c of this stock, I highly doubt that the take over offer will go thru. 

Therefore, the offerors might need to raise their takeover offer in order to privatize this company.

1.WONG SAK KUAN & YAU MING TECK(莲花KFM BERHAD董事)20201012

日献意私有化MESB!!!

最近从现有大股东手中收购后,LOTUS KFM的董事-Wong Sak KuanYau Ming Teck接手了MESB的股份后,MESB的股价升至 RM 0.55

看看这只股票的76c NTA,我非常怀疑收购要约是否会通过。因此,要约人可能需要提高他们的收购要约以将该公司私有化

 

https://www.theedgemarkets.com/article/mesb-and-structured-warrant-surge-active-trade-takeover-offer%C2%A0

 

 

2. NTA 76c, CASH IN THE BANK RM 32.3 MIL (72% OF MARKET

CAP)  !!!

Refer below the latest QR summary of MESB. The company made losses during most recent quarter due to impairment of goodwill and assets caused by COVID19 pandemic. I think this is a normal occurance in many companies listed on BSKL as the pandemic has affected their business.

However, we see that the latest NTA stood at 76c. As of latest close of 42.5c, the price is still at 44% discount to its NTA. Therefore, any takeover offer which is below the NTA, would highly likely be rejected by the shareholders of MESB.

2. NTA 0.76cRM 32.3 MILLION  现金(占市72 MARKET CAP!!!

请参阅下面的MESB最新QR。由于COVID19大流行导致商誉和资产减值,该公司在最近一个季度亏损。我认为这是在上市的许多公司中的正常现象,因为大流行影响了他们的业务

但是,我们看到最新的NTA76c。截至最近的收盘价RM 0.425,其价格仍比其NTA折价44%。因此,任何低于NTA的收购要约极有可能被MESB的股东拒绝

 

Below is the Asset Versus Liability sheet as of latest QR. A few key points to note:

- Total Asset stood at RM 132.7 mil (NTA 76c)

- Total Liability stood at RM 63.5 mil

- Assets Exceed Liabilities by RM 69.2 million (Asset surplus company)

- Total Cash position is RM 32.3 mil (cash per share of 30.4c, which is 72% of market cap)

The total cash position had improved from the previous year of RM 21.8 mil. Therefore, I believe the company is more than capable to weather and survive the COVID19 pandemic. 

以下是最新QR版本的资产与负债表。需要注意的几个关键点:

-总资产达RM132.7 mil(NTA 76c)

-总负债达RM 63.5 mil

-资产超过负债RM 69.2 million(资产盈余公司)

 -总现金头寸为RM 32.3 mil(每股现金30.4c,占市值的72%) 总现金状况比前一年的2180万令吉有所改善。因此,我相信该公司有足够的能力抵御COVID19大流行

 

3. TECHNICAL ANALYSIS - BREAKOUT OF 3 YEAR DOWNTREND,

WITH SIGNIFICANT VOLUMES ENTERING !!!

Refer below the basic price and volume chart with key EMAs for MESB weekly chart :

3.技术分析-突破3年的下降趋势。
请参阅下面的基本价格和数量图表以及主要EMAMESB每周图表:

A few observations on the weekly chart:

i. Refer Circle 1, recently MESB had broken thru the 3 years downtrend line, with significant volumes entering. At the same time, it had broken above the long term EMAs of EMA200 and EMA365. This indicates a significant bullish activity in this counter

ii. Refer Circle 2, the significant volumes are continuously entering this stock on a weekly basis after the breakout, indicating that interest in this stock is sustained 

iii. Should buyers be interested in this stock, we might see an upmove back to test the R1 resistance around 50-52c, then R2 resistance at 66-69c, before breaking upwards towards R3 of 87-90c

每周图表上的观察结果:


i)请参阅第1圈,最近MESB突破了3年的下降趋势线,进入了大量交易。同时,它已经突破了EMA200EMA365的长期EMA。这表明该柜台有大量看涨活动。

 

ii) 请参阅第2圈,突破后每周都会有大量交易连续进入该股票,表明对该股票的兴趣持续存在


iii) 如果买家对这只股票感兴趣,我们可能会看到升势回升以测试R1阻力在

 

RM0.50-RM 0.52附近,然后是R2阻力在RM 0.66-RM 0.69,然后向上突破至R3RM0.87-RM 0.90

CONCLUSION

Considering all the above, I opine that current price for MESB is attractive due to below:

i) LOTUS KFM Directors takeover offer is way below NTA, and a revised offer is necessary if they were to privatize MESB

ii) Total NTA stood at 76c, and total cash per share stood at 30.4c per share of 72% of market cap

iii) Chart showing breakout of 3 year downtrend and all key EMAs, with significant volumes continuously entering this stock

终结

考虑到以上所有因素,我认为MESB的当前价格具有吸引力:

i)LOTUS KFM董事的收购要约远低于NTA,如果他们要对MESB进行私有化,则有必要修改报价

ii)NTA总额为76C,每股现金总额为30.4,占市值的72% 

iii)图表显示了3年下降趋势和所有关键EMA的突破,大量交易持续进入该库存

 

LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEAR FUTURE FORBEARING ANY GOOD CORPORATE NEWS.

Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.

免责声明:以上观点绝不旨在成为买入通知。我仅基于基本面分享我的观点;过去的历史;当前的交易模式;图表等。在购买此股票或任何其他股票之前,请先做出明智的决定.

BURSAMASTER

Labels: MESB
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CharlesT they intend to maintain the listing status lah...no privatisation..so no chance of revised offer
25/10/2020 6:58 AM
CharlesT All yr recent calls tak boleh pakai langsung....
25/10/2020 7:00 AM
sensonic WILL MARKET RALLY TOMORROW DUE TO NO STATE OF EMERGENCY ??
25/10/2020 8:10 PM
tips888 TQ MR DIY 30K
26/10/2020 3:15 PM

SYF - DON'T FORGET TO WATCH THIS EXPLOSYF COUNTER CLOSELY !!!

Author: BURSAMASTER   |  Publish date: Sun, 18 Oct 2020, 2:10 PM


SYF - DON'T FORGET TO WATCH THIS EXPLOSYF COUNTER

CLOSELY !!!

Hello to all readers out there. In recent weeks, I saw that furniture related counters have rallied on the prospect of "Work From Home" as a new normal.

Having said the above, the stock which I'd like to talk about today is SYF RESOURCES BERHAD (SYF - Stock Code 7082, Main Market, Consumer Products & Svcs - Household Goods)

 

BASIC INFORMATION ABOUT SYF

SYF was founded in 1995, and listed in BSKL on March 2000, with core business in:

i) Manufacturing of Furniture 

i) Recent diversification into Property Development

Market Capitalization : RM 116.69 million

Shares Float : 569.24 million

Website : http://syf.com.my/

 

1. A NEW NORMAL. WORKING FROM HOME, BOOSTING FURNITURE

SALES FOR MALAYSIA FURNITURE PLAYERS !!!

Below is most recent analysis by PublicInvest which was published in the edge. It seems that the US-China trade war, has diverted a lot of USA order of furnitures to Malaysia.

Also, as the new normal of working from home is being practiced all over the world, Malaysia furniture makers are getting more orders due to the low cost of materials relative to other countries.

As such, SYF as one of the furniture manufacturers, shall benefit from this long term trend.

https://www.theedgemarkets.com/article/publicinvest-furniture-stocks-proxy-stronger-us-consumption

 

2. SMALL PUBLIC FLOAT, & DIRECTOR ADDING SHARES !!!

Refer below the latest list of Board of Directors in SYF:

Below list of latest major shareholders in SYF. As we can see, there is one shareholder holding a big chunk of shares, Dato' Sri Ng Ah Chai who is the Executive Chairman / CEO of SYF. He holds roughly 60% of total shares, this leaves an effective public float of 40% in the market.

Also, we notice that the Executive Director, Dato' Sri Chee Hong Leong, has been adding shares in SYF just recently in this month of October 2020. Total shares added is 600,000 units.

 

3. TECHNICAL ANALYSIS - BREAKOUT ABOVE KEY EMAs, SIGNAL OF

LONG TERM UPTREND

Refer below the basic price and volume chart with key EMAs for SYF daily chart :

A few observations on the daily chart:

i. Refer Circle 1, there was a surge of volume entering this stock since September 2020, when furniture stocks started trending. Price hit a high of 33c, before retracing downwards towards its Support S1

ii. Refer Circle 2, where the price had managed to break out above all key EMAs such as EMA200, EMA365, to signal a long term change in trend has happened

iii. Should buyers be interested in this stock, we might see an upmove back to test the R1 resistance around 35-37c, then R2 resistance at 52-55c, before breaking upwards

 

CONCLUSION

Considering all the above, I opine that current price for SYF is attractive due to below:

i) Furniture sales boosted due to new normal of "Work From Home"

ii) Low public float, 40%, as the EC/CEO holding 60% of total float. Also the ED, is adding shares in October 2020

iii) Chart showing breakout of key EMAs with significant surge in volume, signalling long term uptrend

 

LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEAR FUTURE FORBEARING ANY GOOD CORPORATE NEWS.

Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.

BURSAMASTER

Labels: SYF
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sensonic TOMORROW NEW IPO ANEKA JARINGAN EXPECTED TO OPEN AT RM 0.40 ?
19/10/2020 10:40 PM

PARAMON - INVESTORS SHOULD BE LOOKING OUT FOR THIS UNDERVALUED STOCK !!!

Author: BURSAMASTER   |  Publish date: Sat, 17 Oct 2020, 12:11 PM


PARAMON - INVESTORS SHOULD BE LOOKING OUT FOR THIS

UNDERVALUED STOCK !!!

Hello to all readers out there. In recent weeks, I saw that investors have been bargain hunting for stocks which are undervalued. One of the criteria to look at is the stock Net Tangible Asset (NTA).

Having said the above, the stock which I'd like to talk about today is PARAMOUNT CORPORATION BERHAD (PARAMON - Stock Code 1724, Main Market, Property)

 

BASIC INFORMATION ABOUT PARAMON

PARAMON was listed in BSKL in 1971,  with core business in:

i) Property Development 

i) Coworking Space

Market Capitalization : RM 448.54 million

Shares Float : 614.44 million

Website : https://www.pcb.my/

 

 

1. TRADING AT 68.5% DISCOUNT TO ITS NTA OF RM 2.32 !!!

Below is summary of PARAMON latest quarter results. The loss in Q2 of the year which was caused by the Movement Control Order (MCO), which made the company lose 2 months construction revenue due to closure of sites. This had caused the price of the stock to dive down to its recent low.

However, we notice that the NTA stands at RM 2.32. As at the latest closing price of 73c, this means that the stock is trading at 68.5% discount to its total NTA. Some long term investors might view this stock as undervalued and a bargain at current market.

 

2. ASSETS RM 2.7 BILLION VERSUS LIABILITIES RM 1 BILLION !!!

Refer below snapshot of the Assets Versus Liabilities summary taken from the latest QR.

As we can see, the total Assets stood at RM 2.7 billion, and total Liabilities stood at RM 1 billion.

Therefore, this means that the total Assets exceed the Liabilities by about RM 1.7 billion, which shows the company is a net asset company.

Also, cash position improved to RM 324 million cash compared to RM 135 million in the same quarter last year.

Take note that the company cash amount of RM 324 million, is equivalent to cash per unit of 52.7c, which is about 72% of its total market cap. Therefore, I believe that this company should not have any problems weathering the COVID19 storm.

 

 

3. TECHNICAL ANALYSIS - LOW RISK ENTRY, LOW DOWNSIDE, HIGH

UPSIDE POTENTIAL

Refer below the basic price and volume chart with key EMAs for PARAMON daily chart :

 

A few observations on the daily chart:

i. Refer Circle 1, there was a surge of volume entering this stock in June 2020, which caused prices to spike above the support line S1

ii. Refer Circle 2, price reached a year high of RM 1 at the Resistance, R2 before reversing downwards

iii. Refer Circle 3 & 4, where the price had retraced back to the S1 support line, and seems like buyers are rejecting further lower prices as there are strong buyers waiting up to support at 71-73c range. Volumes of sellers are also deteriorating

iv. Should buyers be interested in this stock, we might see an upmove back to test the R1 resistance around 85c, then R2 resistance at RM 1, before breaking upwards

 

4. LOWER CAPITAL ENTRY INTO PARAMON VIA PARAMON-WA

Refer below the basic profile of PARAMON-WA, for investors looking at a cheaper entry into the company :

A few observations:

i. Maturiy of the warrant is July 2024 (45 months life), which means a long time to go before expiry

ii. Premium of the stock is 159%, with strike price of RM 1.79, which is reasonable considering that the warrant still has 45 months life

iii. Latest closing price of the warrant is 10.5c, which allows for a cheaper entry as compared to the mother share of 73c.

 

CONCLUSION

Considering all the above, I opine that current price for PARAMON is attractive due to below:

i) Trading at 68.5% discount to its NTA

ii) Net asset versus liabilities of RM 1.7 billion showing a healthy asset backing

iii) Net cash of RM 324 million (52.7c per share)

iii) Chart showing low downside, and high upside potential

 

LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEAR FUTURE FORBEARING ANY GOOD CORPORATE NEWS.

Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.

BURSAMASTER

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CHONG Kong Hui Value trapped in the NTA, not good for small investors.
17/10/2020 8:40 PM
bitzero It's downtrend
17/10/2020 9:09 PM
Mcaresdk91 TA ,OBV downtred, momentum negative not good signs.rating 1 star.
17/10/2020 9:52 PM
greedy44444 Property stocks are dead...at least for two more years
17/10/2020 11:03 PM
SultanMelaka chee sin
18/10/2020 2:02 AM
VICTORYU37007 venture into health care gloves..
18/10/2020 8:07 AM
rogers123 Ur TA such
18/10/2020 10:50 AM
stockraider VERY IMPORTANT TRAINING POINT FOR SUCCESSFUL INVESTOR LIKE HAVING THOMAS EDISON SUCCESSFUL ATTITUDE LOH...!!

Posted by stockraider > Oct 18, 2020 11:27 AM | Report Abuse X

Just look at sifu calvin positive comment very smooth & practical mah..!

Not like sohai 3iii DO NOT understand "CASH is CASH" talking cock & misleading the readers loh...!!

As sohai mike...he is bitchy pondan with one only objective in mind..attack sifu calvin no matter what at all cost loh..!!

Come to scenery, he is just a newbies scare of everything including his own shadow loh..! Raider just forgive him being new loh..!!

U ALL MUST TRY TO EMULATE THOMAS EDISON SUCCESSFUL ATTITUDE OF NEVER GIVE UP MAH..!! REMEMBER SUCCESS IS BUILT WITH ALOTS OF PAIN A MAN ENDURE LOH!

Posted by calvintaneng > Oct 17, 2020 11:44 PM | Report Abuse

Dlady crashed from rm76,000 to Rm38,000 wiped off Rm38,000 more devastating for many more than Netx

What is Netx ?

Netx is a disruptive technology

The arrival of the 1st motor car wiped off thousands of years of chariots and horse drawn carriages

After 299 failures Thomas Edison invested the light bulb

Whole world laughed at him failing 299 times over but Edision Electric now General Electric is a household word in USA

From earliest time people used naked flame to light their homes

Today we have electric light. Later with new tech battery we put light in a torch

So is gardenia bread , grab taxi, grab food and Ecommerce

So will be Netx the new tech company

Doubters can get lost and go hide in dinosaur cave

We believe in Netx
18/10/2020 11:37 AM
sensonic TOMORROW NEW IPO ANEKA JARINGAN EXPECTED TO OPEN AT RM 0.40 ?
19/10/2020 10:40 PM

MKLAND - THIS STOCK IS TRADING WAY BELOW ITS NTA !!! BIG UPSIDE POTENTIAL POSSIBLE !!!

Author: BURSAMASTER   |  Publish date: Mon, 21 Sep 2020, 5:29 PM


MKLAND - THIS STOCK IS TRADING WAY BELOW ITS NTA!!! BIG UPSIDE

POTENTIAL POSSIBLE !!!

Hello to all readers out there. In recent weeks, I saw that investors have been bargain hunting for stocks which are undervalued. One of the criteria to look at is the stock Net Tangible Asset (NTA).

Having said the above, the stock which I'd like to talk about today is MK LAND HOLDINGS BERHAD (MKLAND - Stock Code 8893, Main Market, Property)

 

BASIC INFORMATION ABOUT MKLAND

MKLAND was listed in BSKL in 1999,  with core business in:

i) Property Development - Residential & Commercial

i) Property Development - Hotels, Resorts, Theme Parks

Market Capitalization : RM 181.09 million

Shares Float : 1.207 billion

Website : http://www.mkland.com.my/

 

 

1. TRADING AT 83% DISCOUNT TO ITS NTA OF 99 CENTS !!!

Below is summary of MKLAND latest quarter results. We can see that the company is still profitable despite recently Malaysia being under lockdown due to COVID19, therefore this shows us the strength and resilience of the company in facing hard times.

Also, we notice that the NTA stands at 99c. As of the latest closing price of 16.5c, this means that the stock is trading at 83% discount to its total NTA. Some long term investors might view this stock as undervalued and a bargain at current market.

 

 

2. NET ASSET VERSUS LIABILITIES ABOUT RM 1.2 BILLION !!!

Refer below snapshot of the Assets Versus Liabilities summary taken from the latest QR.

As we can see, the total Assets stood at RM 1.648 billion, and total Liabilities stood at RM 452.1 million.

Therefore, this means that the total Assets exceed the Liabilities by about RM 1.2 billion, which shows the company having a solid asset backing.

Also, cash position improved to RM 50.6 million cash compared to RM 46.68 million in the same quarter last year.

 

 

 

3. TECHNICAL ANALYSIS - BREAKOUT OF ALL KEY EMAs, WITH BULLISH

VOLUME INTEREST

Refer below the basic price and volume chart with key EMAs for MKLAND daily chart :

 

A few observations on the daily chart:

i. Refer Circle 1, the closing price for MKLAND today 16.5c has broken up above all key EMAs, including long term EMA200 and EMA365, indicating a change of the bigger trend.

ii. Refer Circle 2, this move up in price is backed up by significant volume, which is indicating a surge in buying interest in this counter

iii. Refer blue regions, as resistance areas. For first resistance, MKLAND needs to break out above 19c, before testing the further resistances at 26-28 cents, then possibly making way further upwards towards its NTA value.

 

CONCLUSION

Considering all the above, I opine that current price for MKLAND is attractive due to below:

i) Trading at 83% discount to its NTA

ii) Net asset versus liabilities of RM 1.2 billion showing a healthy asset backing

iii) Chart showing a breakout above all key EMAs, with significant volume interest

 

LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEAR FUTURE FORBEARING ANY GOOD CORPORATE NEWS.

Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.

BURSAMASTER

Labels: MKLAND
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evacla60 cashflow from operation is low. liquidity problem
22/09/2020 9:54 AM
TakeProfits Wei, wei, this one NEVER move. You will hold for 150 years. Tahu tak. Look at their share price history lar!!
22/09/2020 11:50 AM
paperplane PROPERTY TAK BOLEH LAH
22/09/2020 3:10 PM
apolloang PROPERTY KALAU TAK BOLEH= ECONOMY STILL BAD.IF ECONOMY IS GOOD ALL PROPERTY COUNTERS WILL FLY HIGH
22/09/2020 3:16 PM
Cyrogx6 wui sure or not ? tomoorrow buy confirm trap high for 10 yrs
22/09/2020 4:31 PM
paperplane who says. PROPERTY IS SUPPLY> DEMAND NOW, not even counting 2nd hand house loh..............too greedy loh, every TOM DICK HARRY DO PROPERTY.

NOW EVERY TOM DICK HARRY WANNA DO GLOVES, BUT STUPID LOH. NO FDA LICENSE PUN, SELL TO GHOST AH?
22/09/2020 4:38 PM
moneypedia ayoma apa amma appa ala yg plomote plopety kah ayoyoyo
22/09/2020 4:42 PM
investory321 many stocks trading below NTA especially in property counter...nothing special
22/09/2020 6:02 PM
Michael Kwok I find it timing weeks away.As usual.Please lah.Choose approximate right time.There other who take a few months.Weeks never mind.TQ.
22/09/2020 8:36 PM
rogers123 Buy Buy Buy 0.35 soon
22/09/2020 9:17 PM
DickyMe Next month all must start to pay their loan installment. Many properties will be on auction. Real estate dead for another 3 years!
22/09/2020 9:20 PM
rogers123 This bursamaster should change his name to bursamonster ler. Check his blog, sanichi, smtrack, Appasia,domlite, mtouche.............................most of the stocks he mentioned, fall badily, included Mkland today. I think he shouldnt write any blog. His TA is very lousy
22/09/2020 9:26 PM
Aaron_tan lol...bursaretard, it is normal for property to have high nta. as they got landbank.

and is normal for tech stock to have low nta
23/09/2020 11:22 AM
BBS Hollandmaster
09/10/2020 1:13 PM

HBGLOB - WILL THE POSITIVE MOMENTUM CARRY IT TO HIGHER GROUND ? ! ? !

Author: BURSAMASTER   |  Publish date: Sun, 20 Sep 2020, 8:08 PM


HB GLOBAL LTD

 

BREAKOUT INCOMING ? 

(HBGLOB - Stock Code 5187, Consumer Products & Services, Main Market)

HBGLOB posibility of momentum Breakout at 0.215 with Bullish Momentum coming that was traded last trading day at 0.210.

HBGLOB 52-week range : 0.03 - 0.22

 

1) HBGLOB TECHNICAL ANALYSIS

refer below the price and volume charts

The chart show the price Breakout Price at 0.215. With high volume of of two trading days.

 

2) PRICE UNDER NTA WITH HIGH VOLUME

HBGLOB traded with high volume at dicount price of its NTA of 0.420.

 

CONCLUSION:

Considering all the above, I believe that HBGLOB is attractive for BREAKOUT OPPORTUNITY  due to reasons below:

  1. Price near Beakout Price with High Volume follows

  2. Price under NTA with High Volume

 

LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEXT TRADING DAY WITH EXPECTED OF BULLISH MOMENTUM.

 

Disclaimer: The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.

 

BURSAMASTER

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YapPuaykee Which market forces can affect Malaysia Gloves Manufacturers' business PERFORMANCE more drastically?

(A) The lack of Fed's QE liquidity to stimulate Dow Jones and Nasdaq market indices or

(B) The governments around the world with failed efforts to uncheck the deadly ferocity of Corona Virus Pandemic, that even best known doctors and hospitals still can't stop infected patients from dying by the tens of thousands everyday?
21/09/2020 9:40 AM
speakup goreng counter
21/09/2020 3:58 PM


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