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Bursa Master

Author: BURSAMASTER   |   Latest post: Sat, 3 Aug 2019, 2:41 PM

 

AN UPDATE - STORMING FORWARD VIA STRATEGIC ALLIANCES !!!

Author: BURSAMASTER   |  Publish date: Sat, 3 Aug 2019, 2:41 PM


POS MSIA BHD - STORMING FORWARD VIA STRATEGIC

ALLIANCES !!!

 

(INVESTMENT GRADE -  MY PERSONAL TP 3.00 Mid to

Long Term)

Recently I had written about this big cap company; which I believe has an interesting future ahead  -POS MALAYSIA BERHAD (Stock Code 4634, listed on MAIN BOARD, TRANSPORTATION & LOGISTICS, market cap RM 1.362 Bil  as at writing)

Refer my previous write up here:

https://klse.i3investor.com/blogs/Bursa_Master/215930.jsp

I noticed considerable interest starts to build in on 2nd August Friday when the volume registered a sizeable increase to 2.8 million, when the overall KLCI was in a bearish sentiment.

AN UPDATE - FORGING NEW STRATEGIC ALLIANCES

1. POS teams up with STO EXPRESS INTERNATIONAL CO LTD

Refer latest article on 2nd August from The Edge online. The Collaboration Agreement was signed to explore cross border cooperation.

https://www.theedgemarkets.com/article/pos-malaysia-teams-china-firm-explore-crossborder-cooperation

They will be targeting businesses in South East Asia (SEA), especially SMEs, for an end-to-end logistics platform with improved efficiency in international courier services at an affordable rate, positioning Malaysia as a gateway to the ASEAN region.

The above agreement is seen positive to both parties, due to below:

i. Exchange of best practices and technology

ii. Providing a one stop solution platform for ASEAN businesses, hence speeding up their growth

iii. Cross leveraging on each other infrastructure and assets to minimize cost in providing the services

iv. Cross promotion of products into home country (Malaysia to China, China to Malaysia)

POS said that the project kick-off will start with integration of information technology system between both companies, and the launch of pilot delivery model plan by mid August 2019.

Hence, we can expect more interesting announcements to come as both parties work towards achieving this collaboration.

2. Potential for POS to substatially grow its INTERNATIONAL segment

Refer below latest segmental information of POS business as of latest quarter report. 

The INTERNATIONAL segment had only contributed to RM 147.2 million of revenue from a total of RM 2.355 billion recorded. This represents only 6.2% of the total revenue.

Also the segment had recorded a loss of RM 16.2 million.

With the above collaboration, POS will be able to potentially grow further the size of its international business and turn around the segment into profitability.

https://malaysiastock.biz/Company-Announcement.aspx?id=1144249

3. A brief introduction on STO EXPRESS INTERNATIONAL CO LTD

Refer below brief business overview of STO :

STO EXPRESS  CO LTD is a China based company, principally engaged in the integrated logistics services, with expess business as the core business. The Company and its subsidiaries are mainly engage in the provision of fast delivery of municipal items, inter-provincial and international items, and information inquiry services. The Company also provides envelopes, paper bags, cartons and other express packaging sale services. The Company operates its business in China, Korea, the USA, Australia, Canada, the UK and Japan.

Refer below website for basic financials and info on STO. As we can see the market cap of STO is RMB 46.27615 million (which translates to RM 27.786 billion. POS current market cap is RM 1.362 billion. The market cap of STO is about 20 times that of POS.

Also, take note that STO is a profit making company with EPS of 1.36, whereas POS has been making loss for 3 consecutive quarters.

https://www.reuters.com/finance/stocks/overview/002468.SZ

From the profile above, also we see that STO has business presence in major countries outside China such as USA, UK, Japan and Canada, as compared to POS which mainly focuses on Malaysia domestic business.

Therefore, I see that the collaboration would provide more upside and benefit for POS as POS would be able to maximize its potential gain from working together with STO which is a big logistics profit making giant in China.

Also, we take note that recently, ALIBABA had invested USD 693 million to take a 14% stake in STO. ALIBABA had commented that its investment made in "one of the top 5 express delivery companies in China". 

https://www.reuters.com/article/us-sto-alibaba/alibaba-invests-693-million-for-stake-in-chinese-courier-sto-express-idUSKBN1QS0D8

4. TA Point of View - Inverted Head & Shoulders Pattern, and Pending Breakout of Bull Flag Pattern

Let's look at daily chart of POS below from November 2018 to August 2019. Below observations:

1. Current price is well supported at RM 1.68 - 1.70 area

2. Forming an inverted head and shoulders pattern with long term break-out above RM 2.00 area

3. Stochastics oversold now, and turning upwards indicating buying momentum entering

4. Price is currently near the lower Bollinger Band area, indicating a low risk entry

5. Price is above ICHIMOKU cloud, indicating a bullish region activity

Let's look closer at the daily chart from June 2019 to latest. We notice a few things:

1. During its recent down days, the volume was very low, indicating long hands are still inside and waiting for higher prices

2. Candles had formed a bullish flag pattern, and nearing the end of consolidation phase

3. Significant volume increase on 2nd August 2019, when the news on collaboration with STO was released (even though overall market sentiment was bearish)

CONCLUSION

Considering all the above, my personal TP for POS is maintained at RM 3.00 (Mid to Long Term) pending the official rate hike announcement & beneficiary of the collaboration with STO. Funds & Investors should consider POS to add to their long term portfolio.

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: POS
  Be the first to like this.
 
Trouble Huat STO deliver 1/6 parcel in china. imagine if they work with POS, 1/6 parcel deliver by pos in ASEAN. good future growth
04/08/2019 9:49 PM

WHY I THINK THE GOVT SHOULD BE OBLIGED TO SUPPORT THIS COMPANY ??!!!

Author: BURSAMASTER   |  Publish date: Sat, 20 Jul 2019, 11:50 AM


POS MSIA BHD - SUPPORT BY THE GOVT, VIA RATE HIKE

(SOONER OR LATER) !

 

(INVESTMENT GRADE -  MY PERSONAL TP 3.00 Mid to

Long Term)

Recently I had spotted this big cap company; which I believe has an interesting future ahead  -POS MALAYSIA BERHAD (Stock Code 4634, listed on MAIN BOARD, TRANSPORTATION & LOGISTICS, market cap RM 1.393 Bil  as at writing)

DON'T you miss your old fashioned birthday card sent to you by your crush last time in school ?

DON'T you miss counting those raya cards sent to you by your school friends in the fasting month, and to compare with other friends on who had received more ?

I know that I do miss those old times..well we are not in that time anymore..and times have passed..now we are in the technology era where a lot of documents are being sent electronically..however, hard copy mail still plays an important part in our daily life today..

I noticed considerable interest starts to build in on 2nd July when the volume registered a sizeable increase to 10 million, and then on 10th July when the price hit a high of RM 2.00 on the back of 6.7 million volume.

With this positive momentum & enthusiasm ahead, I believe, should spillover to next week. I foresee it trending to the next resistance of 2.25 before heading to my personal TP of  3.00 on the intermediate to long term.

WHY I THINK THIS STOCK WOULD RECEIVE SUPPORT FROM THE GOVERNMENT (SOONER OR LATER) VIA A RATE HIKE

In summary, below are the 4 reasons why..I will elaborate in detail in the following paragraphs:

1. POS to deliver their Universal Service Obligation (USO) as per POSTAL SERVICES ACT Malaysia, hence cannot be continuously loss making further (POS has recorded 3 consecutive quarter losses)..POS at least needs to make enough money to cover expenses and worker welfare, and pay dividend to its shareholders

2. It has been 9 years since last tariff hike in 2010, and costs have escalated since then to justify for a tariff hike (can be seen in the recent losses made by POS)

3. DRBHCOM took over POS 32.21% stake from Khazanah in 2010 at RM 3.60 per share (value RM 622.79)..government should be returning the favour by lending a hand in troubled times

4. TA point of view - Volumes do not lie..big volume of buying started early June 2019 up to RM 2.00 highest price, a tree does not move if there is no wind

1. POS to deliver their USO as per POSTAL Services Act - In order to do it they must stop making losses

Definition of Universal Service Obligation (USO) taken from GOOGLE - 

"The purpose of the Universal Service Obligation (USO) is to ensure that the Postal Service provides a minimum level of service to all areas of the country. There is no set and clear definition of the Postal Service's USO; it is generally assumed to be a collection of various laws and regulations"

In Malaysia, the applicable law is POSTAL SERVICES ACT 2012.

POS Malaysia has been making 3 consecutive quarter losses in a row now. In order to ensure that they deliver the minimum required postal services to registered addresses (which are growing year by year), POS needs to ensure that they have the required funds to run day to day operations. Some simple things that I can think off are : Management and Workers Salary, Fuel, Office Leases, Agent & Middle Men Costs, etc.

Therefore, the minimum obligation could not be served if they keep on making losses. Refer example news write up below which explains how POS cannot simply shut down underperforming outlets even though they are making a loss.

http://www.focusmalaysia.my/Mainstream/pos-m-sia-unlikely-to-shut-underperforming-outlets

There was one articcle in December 2016 that said POS had proposed to government to revise the tariff (refer article below). However, I believe due to POS still making a profit at the time, the government had probably delayed the decision until further notice.

https://www.thesundaily.my/archive/2087643-FTARCH413454

In August 2018, POS had renewed talks with government for the rate hike (refer article below). By this time, POS still made a profit but the profit had shrinked to the lowest level in a few years.

https://www.theedgemarkets.com/article/pos-malaysia-renews-talks-govt-postal-tariff-hike

In April 2019, again DRBHCOM CEO had mentioned that due to increasing costs the POS had to bear, POS is waiting for the government to approve its postal tariffs in order to get back in the black.

https://www.malaymail.com/news/malaysia/2019/04/11/pos-malaysia-wants-to-raise-stamp-prices/1742190

Earlier this month, we saw again news highlighting that the recent rise in POS share prices might have been due to the tariff hike is nearing the official announcement. 

https://www.thestar.com.my/business/business-news/2019/07/03/quick-take-pos-malaysia-rises-6pc-on-potential-postal-tariff-hike/

2. Its been 9 years since last tariff hike !!! (in 2010)

The last time tariffs was increased was in 2010. Now it has been 9 years since the tariff hike. Therefore, costs of manpower and expenditures have increased in these 9 years time, which justify for a rate hike to ensure POS survives and delivers its minimum obligation under the Act.

Let us have a look at the share price reaction when the announcement was made in 2010 on the rate hike (for study purposes). On the day the rate hike was announced, the price had moved from RM 2.17 to close at RM 2.63 (gain of 46 cents on the day). The stock then continued to further climb until it hit a high of RM 3.18. After that the stock went to rally continuously until it had hit the peak of RM 6.05 in November 2013.

3. DRBHCOM took over 32.21% POS stake from Khazanah in 2010 at RM 3.60 per share (value RM 622.79) - govt to at least lend a hand in hard times

Refer below news link of 23rd April 2010 of the above mentioned title.

The current trading price of POS is RM 1.78, but DRBHCOM has not sold a single unit even though they are now in a paper loss. As a reasonable government, they should be lending a hand in these troubled times, as how DRBHCOM had offered to take over the big stake from government previously.

At the end of the day, majority shareholders of DRBHCOM and POS, are mostly big funds which are servicing the public (either GLCs like EPF, KWAP, and also mutual funds)..therefore, the government should support POS, for the benefit of the greater good of the people

https://www.thestar.com.my/business/business-news/2011/04/23/khazanah-sells-pos-malaysia-stake-to-drbhicom/

4. TA Point of View - Volumes do not lie - Big volume buying started early June 2019 up to RM 2.00 highest price

If we look at the daily chart, POS is starting to rebound after hitting the trend support. We see the recent rally to RM 2, then the price retraced to RM 1.68 before starting to pickup pace again at today's closing. 

If we analyze the volumes on the upday, compared to the down days, we notice that majority of volumes are still holding on to their shares as if  they are expecting a big announcement to come soon.

In this recent month of July 2019, we see that buying volume has substantially picked up, and on a down day there are not many sellers appearing to throw down. With the strong volume of 4.95 million units transacted on Friday 19th July 2019, the market players have seen that there is more upside room compared to downside, until the first resistance of RM 2.00 is reached, after which the next resistance is at the year high of RM 2.25.

Should the tariff hike be announced soon, I am expecting a surge in volume and price hence why I set my target at RM 3.00 in the long term. 

IMPORTANT SIDE NOTE - Why are we focusing to highlight on the traditional part of the business e.g. domestic and international mail (which are losing)?

 

Refer below latest quarter report in May 2019 on the breakdown of segmental revenue of POS.

Some of you might wonder, why am I only talking about POS traditional business which is the domestic and international mail segment ? From below, it is evident that POS has about 5 business segments, and the other 3 besides the traditional mail segment are doing profitable, namely the courier, logistics and aviation business. Hence why there is no need for us to highlight those good segments are the results will speak for themselves.

However, the need to highlight the losing segments is important, as when these 2 segments can turn around their losses into profits, then POS will be back in overall profit as soon as possible. This will ensure POS to be able to deliver its services to the people and deliver some returns for its shareholders. 

CONCLUSION

Considering all the above, my personal TP for POS is set at RM 3.00 (Mid to Long Term) pending the official rate hike announcement. Funds & Investors should consider POS to add to their long term portfolio.

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: POS
  3 people like this.
 
cheoky i support parkson
20/07/2019 1:00 PM
Chris Wong wewitt. first IB fund enter, now bursamaster also notice this share. prepare for upside on next week
20/07/2019 2:51 PM
speakup knm already super power rebound
scomi already rebound
next is parkson?
20/07/2019 4:14 PM
Chris Wong parkson wont rebound. it will stagnant at that price as no news will improve the share price
20/07/2019 4:15 PM
Trouble Huat Even blogger start to realise IB fund enter this stock. Next week will be excited week
20/07/2019 11:59 PM
BURSAMASTER https://www.theedgemarkets.com/article/pos-malaysia-teams-china-firm-explore-crossborder-cooperation
02/08/2019 3:26 PM

EVERYBODY CAN POWER UP AND FLY TOGETHER !!!

Author: BURSAMASTER   |  Publish date: Sat, 13 Jul 2019, 11:42 AM


PWROOT - EVERYBODY CAN POWER UP AND FLY

TOGETHER !!!

(INVESTMENT GRADE -  MY PERSONAL TP 2.50 Mid to

Long Term)

Recently I had spotted this mid cap company; which I believe has a bright future ahead  -POWER ROOT BERHAD (Stock Code 7237, listed on MAIN BOARD, CONSUMER PRODUCTS & SERVICES - FOOD & BEVERAGES, market cap RM 729.11M as at writing)

In summary, PWROOT is leading company which develops and promotes herbal energy drinks fortified with two main rainforest herbs : Eurycoma Iongifolia Jack (Tongkat Ali) and Labisia Pumilia and Pathoina (Kacip Fatimah).

I noticed considerable interest starts to build in on 5th and 11th July 2019; which has triggered my Investment Radar;  the volume registered a sizeable increase to 3.1 million & 2.4 million units respectively.

With this positive momentum & enthusiasm ahead, I believe, should spillover to next week. I foresee it trending to the next resistance of 2.00 before heading to my personal TP of  2.50 on the intermediate to long term.

LINKS TO READ :-

https://www.theedgemarkets.com/article/power-root-may-climb-higher-says-rhb-retail-research-0

Power Root may climb higher, says RHB Retail Research

https://www.theedgemarkets.com/article/selangor-sultans-exmilitary-aidedecamp-power-root-cochairman

Selangor Sultan's ex-military aide-de-camp is Power Root co-chairman

WHY I THINK THIS STOCK COULD HAVE GREAT POTENTIAL TO RISE FURTHER? 

1. Notable Long Term Shareholders in the Top 30 List

Refer below latest shareholding report as of taken from latest Annual Report.

Among notable funds inside KWAP, EASTSPRING INVESTMENTS and Bank Islam Malaysia Bhd (BIMB). Long term funds inside a stock means that the effective float will be less as these funds will be holding on to the shares as long as the company keeps performing and paying them dividends.

 


2. Director Continuously Adding Interest in the Company 

Refer below latest shareholding changes for the past few months (refer link for more details). It is noted that there has been a continuous accumulation by one of the PWROOT directors on both mother shares and warrants. 

This signals strong confidence in the company future and potentially might have a big announcement coming soon.

https://www.malaysiastock.biz/Bursa-Announcement.aspx?code=7237&cat=5&page=1


 

3. Consistently Paying Quarterly Dividends Since FY 2015

Refer below dividend history for the past 3 years. As we can see, the company has paid dividend to shareholders every quarter, without fail, as the company is in F&B business which is quite immune to economical fluctuations.

After all, every man needs his TONGKAT ALI & woman needs her KACIP FATIMAH despite how our financial status :P

From the below, this stock should be a no brainer for all those looking for quarterly consistent dividend payments, at the same time providing capital appreciation in the longer term.

4. Technical Analysis - ICHIMOKU CLOUD Breakout on Daily

Refer below WEEKLY chart of PWROOT. It has been on a downtrend since hitting its all time high of 2.88 on November 2015. 

Recently, we saw that the stock had broken its downtrend and rebounded from its triple bottom (W Shape) formation. Judging from the bullish volume and bullish MACD cross, next week the price might trend up past the RM 1.88 resistance formed in July last year, and test its first psychological resistance at RM 2.00. 

In longer term, I view the target of this stock around RM 2.50.


CONCLUSION

Considering all the above, my personal TP for PWROOT is set at RM 2.50 (Mid to Long Term). Funds & Investors should consider PWROOT to add to their portfolio 

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: PWROOT
  Be the first to like this.
 

IS IT TIME TO ROCKET UP!!!!

Author: BURSAMASTER   |  Publish date: Sat, 29 Jun 2019, 1:27 PM


ABLEGRP - WILL THIS COMPANY ABLE TO ROCKET SOON

(MY PERSONAL TP 0.12 Short Term, 0.20 Mid to

Long Term)

Recently I had spotted this small cap company; which I believe has a bright future ahead  -ABLEGROUP BERHAD or ABLEGRP (Stock Code 7086, listed on MAIN BOARD, INDUSTRIAL PRODUCTS/SERVICES, BUILDING MATERIALS, market cap RM 22.43M as at writing)

In summary, AbleGroup Berhad is an investment holding company, with two (2) wholly owned subsidiaries, namely Syarikat Bukit Granite Sdn Bhd which is involved with the processing of high quality granite and marble for supply and installation to the domestic market, and Atlas Rythm Sdn Bhd which is in the property development business.

I noticed considerable interest starts to build in on 28/6/2019 where the volume registered a sizeable increase to 2.4million units.

With this positive momentum & enthusiasm ahead, I believe, should spillover to next week. I foresee it trending to the next resistance of 0.10 before heading to my personal TP of  0.12 (short term) to 0.20 on the intermediate to long term.

WHY I THINK THIS STOCK COULD HAVE GREAT POTENTIAL TO RISE FURTHER? 

1. Major Shareholder With Tight Grip & PNS as a Shareholder to be Noted

Refer below latest shareholding report as of 29th March 2019 taken from latest Annual Report. The major shareholder is Dato' Lim Kim Huat (via Parallel Pinnacle Sdn Bhd) who holds 140.816 million units (53.359%) of the company. We also noted PERBADANAN NASIONAL BERHAD (PNS) as the 2nd largest shareholder with 4.01 million (1.5%) stake.

With such a tight holding in the company by the MD, the balance float which is tradeable is 46.641% only. This implies a less resistance on the uptrend path should the price decide to trend upwards in near time.

It is worth to note Dato' Lim Kim Huat profile as below taken from the Annual Report. A few important points to note:

i. He is a Certified Public Accountant by profession with experience in diverse business fields

ii. He also sits on board of Widetech (M) Bhd and Golden Agro Plantation (Mukah) Bhd

iii. He was formerly Deputy Executive Chairman of Sunrise Bhd (now known as UEM-Sunrise after merging with UEM Construction Bhd). He had led few known development in KL area such as "10 Mont Kiara", "28 Mont Kiara" and "Solaris Dutamas - Publika".


2. NTA of 17 cents (Potential Takeover Target for Backdoor Listing) and Bright Prospect Ahead as Beneficiary of MEGA PROJECTS in Malaysia

Let's see ABLEGRP latest results. The company had reported increase in revenue, and reduced losses compared to similar quarter last year.

Also to be noted its NTA of 17 cents and therefore at the current price of 8.5 cents, the company is trading at less than half of its full NTA value.

This makes the company a highly possible takeover target for companies looking for backdoor listing in BSKL due to it trading at significantly low price compared to the NTA value.

Refer below management analysis taken from latest Annual Report. 

Key Prospects for Marble and Granite Segment :

i. RM 3.53 million orders secured and to be delivered in FY 2019

ii. To pursue new jobs that meet their stringent quality criteria

iii. With MEGA PROJECTS resumption (ECRL and Bandar Malaysia), the outlook of marble and granite suppliers look to be in higher demand from all the construction of buildings and houses

Key Prospects for Property Development Segment :

i. 1.214 hectares of freehold land ready for development (part of it in Mont Kiara area)

ii. Expecting to win bids for new projects in 2019 given their track record in delivering quality stone works to prestigious projects

iii. Buyer sentiments to improve due to stamp duty exemption on purchase


3. Technical Analysis - ICHIMOKU CLOUD Breakout on Daily

Refer below WEEKLY chart of ABLEGROUP. We see that since 2017 it has been on a downtrend and had tested resistances about 4 times and did not succeed to break out.

From recent closing of this week, we can see that the candle had formed a breakout of the trend and thus highly likely to continue uptrending in future. 

We can also see stochastics at the oversold point and turning upwards, with volume building up.

Refer below DAILY chart of ABLEGRP. We could see the surge in volume today, and that the price had closed above the ICHIMOKU Cloud, signalling a bullish momentum ahead.

Upon breakout of 10 cents resistance, I see the target at recent high of 12 cents which was achieved in August 2018 (last year). 

CONCLUSION

Considering all the above, my personal TP for ABLEGROUP is set at RM 0.12 (Immediate & Short Term ), and RM 0.20 (Mid to Long Term).

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 only 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: ABLEGRP
  2 people like this.
 
stteck Don’t twist, perbadanan nasional berhad is PNS but not PNB. Lol
29/06/2019 1:48 PM
Goh Kim Hock Teach people to invest, don't teach people to speculate la..
29/06/2019 1:52 PM
Winmore88 Wowow! Another new articles from Bursa Master! Monday gonna take some!
29/06/2019 4:02 PM
DickyMe Potential delisting company.
29/06/2019 4:06 PM
moneykj They will sell all at 0.085 and 0.09. Good profit for this small timer syndicate. Sometimes it works. Depend on wind on next week.
29/06/2019 6:19 PM
bnmacai all cook up stories to induce buyer. lol. someone better report this to SC.

no need. you report to bursa. bursa do their investigation then report to SC.
29/06/2019 6:26 PM
john when ever bursa master promote the stock. the next day.. will the price will go down. heavy selling from their subcriber. haha..
29/06/2019 7:20 PM
Investhor @Goh Kim Hock - market consists of investors and traders..if everyone is an investor there will be no volume in market..

traders are the majority making up our market volume..and traders will move based on latest trends / buzz / momentum..

i believe the article is meant as an information sharing and not for speculation purpose..
29/06/2019 8:28 PM
Investhor @PureBULL - so sad that such a post coming from you..

i know Bursamaster personally in real life and he has a lot of influence / followers..

his article is number #1 due to genuine readers and not fake clickers..

don't simply accuse people without proof..you are making a fool of yourself in front of other community here

if you think generating fake traffic can make your article number #1..then go ahead and try..newbie
29/06/2019 8:31 PM
Investhor @bnmacai - another sore loser..accusing of cooking up stories..

all the above information are all based on facts from company ANNUAL REPORT..volume and charts numbers are also accurate..

if the community here reads this post, then they know who they should report, which is you..blindly accusing people without proof..
29/06/2019 8:35 PM
Investhor i realized that a lot of comments are just attacking the writer instead of giving constructive comment / feedback on the article content..

sad to see that this is the standard of mentality/thinking of some Malaysia traders (those mentioned above..not all in general..personally i know a lot of good people too)

market bull is coming..new highs..it is better to make friends than make enemies..be smart, don't hate..
29/06/2019 8:43 PM
FoolsGold a stock market is make up of all kinds of folks and all types/ styles of making money.

Speculations on stocks will always be there.
One man's preferred style is another's abhorrence.

Everyone is free to promote whatever he/she wants and let I3 evaluate whether it is chun chun or pump n dump, or of no value.

Frankly, i think this writeup is fair speculation n not like some of the persistent hardsell that I3 is so often exposed to, on a v regular basis by some 'famous' blogger, that sadly turn out to be way out.
29/06/2019 9:00 PM
FoolsGold It is always Caveat emptor /let the buyer beware, there is always high risks of losing money in stock market.
it is often blind greed of easy quick gains ,that cause one to rush in where angels fear to tread..
29/06/2019 9:10 PM
FoolsGold even got a disclaimer ! a responsible guy, so buy at own risk,(i'm not buying, holds no shares here)
29/06/2019 9:36 PM
Nlloyd Thanks bursamaster for a good article and fark those naysayers who keep condemning the article if you are damn bleary good try to show your credibility dont just condemn.
29/06/2019 10:15 PM
AtanTrader i m a trader, mostly intraday. ..most of the time i trade on speculative penny stocks as i don't hv much capital to trade hogh price counters.

i have followed many blogs especially by KYY, CalvinTan, OTB and sometimes Bursa Master.

Sometimes i make from the information sharing which are a good avenue for me to garner needed information for my trading.

i never bame anybody for times when i lose as decision to buy/ sell was totally mine.

Most of these people are giving/ sharing their views. ..so you are solely to nlame for your losses.
We should appreciate their efforts in creating awareness.
Many factors influence the market directions...beyond the control of any particular individuals.

KYY for instance has loss big especially JAKS...though he being a seasoned investor.
i loss on DAYANG recently but i never put the blame on KYY.

Decion was mine...my loss is solely my own decision.
29/06/2019 10:19 PM
yahootrader I'm agreed with Bursa Master. Some haters just hate the author for no issue. Author didnt ask u to buy, its your decision to buy. Just like G3,this stock previously is low in volume and price. What happen after the stocks when it got buying interest? it shoot up! For haters, U can just stay aside and no one asking u to follow. Remember,buy /sell button is u press, not others.
29/06/2019 10:46 PM
yahootrader U can key stay negative while others making money :)
29/06/2019 10:48 PM
fauzia its just a bubble up , it doesn't show a proper movement to go with the market upside.
01/07/2019 7:47 PM
smartinvestorbuffet What the heck! not a safe bet at all. Forget ablegrp. Better switch into this stock here (https://klse.i3investor.com/blogs/investsmartway/213065.jsp)!
01/07/2019 8:42 PM
Sniper86 dont trust this con man
01/07/2019 11:42 PM

LETS CLIMB THE MOUNTAIN TOGETHER !!!

Author: BURSAMASTER   |  Publish date: Wed, 19 Jun 2019, 6:08 PM


GUNUNG - LETS CLIMB THE MOUNTAIN TOGETHER !!!

(PERSONAL TP 0.40 mid to long term - No Contra)

 

Recently I had spotted this small cap company; which I believe has a bright future ahead  -GUNUNG CAPITAL BERHAD or GUNUNG (Stock Code 7676, listed on MAIN BOARD, TRANSPORTATION & LOGISTICS, market cap RM 64.89M as at writing)

In summary, GUNUNG is an investment holding company whose core business is in chartering out land-based transportation assets. Its subsidiaries also involved in the development of mini hydroelectric power plants as well as property development and construction.

I noticed collection mode and considerable interest starts to build up today, 19/6/2019 where the volume registered a sizeable increase to 256.5 thousand units. This counter has been exceptionally quiet over some time.

 

With this positive momentum & enthusiasm ahead, I believe, should carry forward tomorrow. I foresee it trending to the next resistance of 0.35 before heading to my personal TP of  0.40 mid to long term.

MARKET TALK SAYS  THAT A REVERSE TAKE-OVER (RTO) MIGHT BE TARGETING THIS COMPANY AND BELOW ARE THE REASONS I BELIEVE TO CONTRIBUTE TOWARDS IT :

1. DBT at 45 cts (13 cts premium) Acquired by Director Dato Syed Abu Hussin Bin Hafiz Syed Abdul Fasal

Refer below images of DBT under this counter. We see that on 25 January 2019 and 12 March 2019, there was 2 DBT totalling up to 5.048 million units was performed at 45 cts (13 cts premium to closing price at the time). 

And if we further check, this acquisition was made by the largest shareholder / director of GUNUNG which is Dato Syed Abu Hussin Bin Hafiz Syed Abdul Fasal.

This brings his total shareholdings up to 27.98% of the company as at latest annual report. 

https://www.malaysiastock.biz/GetReport.aspx?file=AR/2019/4/30/7676%20-%201328103541875.pdf&name=GUNUNG%20AR2018-Bursa%20(Final)).pdf

2. Financials - NTA of 41.9 cts and Low Debt Make it a Delicious Target for Takeover or Backdoor Listing

Refer below latest QR for GUNUNG. As we can, revenue had climbed while loss had been reduced compared to last quarter. 

NTA is at 41.9 cts which is a 12.4 cts premium to current closing price.

If we further dive into the financial statements, we can see that the company has a strong cash balance of RM 34.5 million, and total net assets of RM 106.3 million. 

On the liabilities section, we note that the company only has about RM 9.8 million in liabilities (RM 4.8 million in current liabilities and RM 5 million in non current liabilities). Hence, the company has a high net asset value of 41.9 cts, whilst having very low debt.

Market talk, is that there is a potential Reverse Talk Over (RTO) in motion for this company. I would not be surprised if this characteristic of company is being targeted for takeover.


 

3. Bright Prospect Ahead - Transport & Hydro Electric Businesses

Refer to below prospects comment in latest QR. Group has following bright prospects ahead:

i. Shuttle bus service for IIUM

ii. Contract to ferry school children for Ministry of Defense

iii. Other ad-hoc charters

iv. Commissioning of hydro projects in Perak in FY2019

v, 5 sites of hydro power with installed capacity 34.25 MW (at various stages of construction)

vi. 4 sites of hydro power with installed capacity of 97.8 MW to start construction in FY 2019

vii. Kerian site with capacity 14 MW and Sungai Slim site with capacity 6 MW is generating power based on its TNB energy purchase agreement


4. Technical Analysis - Accumulation in Progress Towards Breakout of Downtrend

Refer below weekly chart of GUNUNG.

If we look at its history, GUNUNG has been on a downtrend since May 2017 (about 2 years now). The current trading price is nearly at the year low price, hence implying very minimal downside risk. 

Once the stocks breaks the downtrend channel, the first resistance seen at 35 cts, then higher towards 40 cts. 

We can see that volume is building up reasonably, and MACD has recently crossed signal line upwards implying a bullish momentum ahead.

CONCLUSION

Considering all the above, my personal TP for GUNUNG is set at RM 0.40 (mid to long term).

I have started collecting this counter slowly as i see the downside risk very minimal as it is trading near its year low. Market talk of a possible RTO which needs to be affirmed through reliable sorces.

 

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

Disclaimer : The above opinion is not a BUY CALL but only sharing my observations.

BURSAMASTER

 

Labels: GUNUNG
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KAQ4468 Lu lagi
19/06/2019 7:57 PM
KAQ4468 That day analyst Huayang


Jahanammmmmm
19/06/2019 7:58 PM
KAQ4468 Now what next ?? Gunung Kinabalu ka ??


Lagi mau Jahanam ka ?
19/06/2019 8:00 PM
VSOLAR Sailang Margin All In title always like con man
20/06/2019 5:44 PM
KAQ4468 Post removed. Why?
20/06/2019 11:03 PM
bnmacai aiya buy a bit and i wait you goreng. boss dia bn people, i kasih support sikit.
21/06/2019 8:12 AM
bnmacai but this bursamaster tabuli picaya... macam pecah amanah.. pecah amanah di bursa malaysia..
21/06/2019 8:14 AM

WHITE KNIGHT TAKING OVER THE CASTLE ??!!

Author: BURSAMASTER   |  Publish date: Sat, 15 Jun 2019, 12:57 PM


 

MTRONIC - WHITE KNIGHT TAKING OVER THE CASTLE ??!!

(PERSONAL TP 0.15 Short Term, 0.20 Mid to Long Term)

Recently I had spotted this small cap company; which I believe has an interesting story ahead  -METRONIC GLOBAL BERHAD or MTRONIC (Stock Code 0043, listed on MAIN BOARD, INDUSTRIAL PRODUCTS/SERVICES, market cap RM 84.89M as at writing)

In summary, MTRONIC is a company whose core business is in intelligent building management systems (IBMS) and integrated security management systems (ISMS), e-Project Management (e-PM) and provision of online administration service for healthcare sector.

I noticed considerable interest starts to build in on 7/6/2019 where the volume registered a sizeable increase to 100.3 million units.

With this positive momentum & enthusiasm ahead, I believe, should carry forward next week. I foresee it trending to the next resistance of 0.10 before heading to my personal TP of  0.15 (short term) to 0.20 on the intermediate to long term.

WHY I THINK THIS STOCK COULD HAVE GREAT POTENTIAL TO RISE FURTHER? 

1. Entry of White Knight - Tan Sri Lee Kim Yew (COUNTRY HEIGHTS CHAIRMAN & MAJOR SHAREHOLDER)

Refer below image of the recent change in major shareholdings. As we can see Tan Sri Lee Kim Yew, had bought in a total of 204 million shares of MTRONIC up to 30th May 2019. But the announcement was made on 7th June 2019 which explains the spike on volume on that particular day. So who is Tan Sri Lee Kim Yew?

Tan Sri Lee Kim Yew (TS LKY) is Chairman and largest shareholder of COUNTRY HEIGHTS HOLDINGS BHD (5738, MAIN BOARD, PROPERTY). As at 2018 CHHB annual report, he holds 68.8% of the company. So why is a property magnate interested in MTRONIC ? Does he has some plan in mind for MTRONIC???  !!!!!

 


Recently, we see that TS LKY is becoming more interested in blockchain. Recently, they held a vote at CHHB EGM and shareholders voted in favour of an Initial Coin Offering (ICO). Refer article below. My guess is that he might want to make MTRONIC his listed vehicle to further pursue his passion in tech, Internet of Things (IoT), smart buildings & blockchain.

https://www.edgeprop.my/content/1442684/tycoon-lee-kim-yew-gets-country-heights-shareholders-nod-ico-issue

2. EGM Called on 1 July 2019 to Remove Existing Directors

https://www.theedgemarkets.com/article/metronic-global-shareholders-seek-egm-kick-out-directors

Above news article is referred. Major shareholders had called an EGM on 1st July 2019 to remove existing directors and replace with new ones.

From the above move, I see that the new major shareholder, would like to protect his interests by appointing his people to the board, to ensure all the policies and missions align with his interests; visions & missions. 

 

Further announcements will be made in due time by MTRONIC on this matter. 

Looking at this matter further, I had studied the existing shareholdings of all directors. Refer below image taken from latest annual report. It seems that all directors do not have any shares in the company, except for Dato Kua Khai Shyuan who holds 1 million shares. 

Since the amount of shareholding of current directors are very small and insignificant, it would be very likely that they will be voted out and replaced with new board members who have more interest in the company.

3. 71.09 million warrants exercised at 8 cents (RM 56.87 million capital going into the company)

Refer below image on the 13th June 2019 announcement of listing of new shares. There had been a conversion of 71.09 million warrants at strike price of 8 cents (implying cash amount of RM 56.87 million capital going into MTRONIC). 

There was no mention of who had converted these warrants into shares. However, from this action we can see that someone is willing to convert their warrants at 8 cents a piece instead of buying them in open market, which shows the support they are putting in strengthening the company's capital strength, at the same time increasing their shareholdings in the company. 

It is worth to monitor, in due time, who was the person who made this conversion.

4. Technical Analysis - Accumulation in Progress Towards Breakout of Downtrend

Refer below weekly chart of MTRONIC.

If we look at its history, MTRONIC has been on a downtrend since 2012 (7 years downtrend). Looking closer, we see that huge volumes have been appearing at the lower range pf prices between 0.05 - 0.07. I see this as a positive accumulation at bottom price, which when completed, would allow MTRONIC to jump up strongly to higher prices.

I see 0.10 as an important resistance to be broken in near term, so that the price may trend towards 0.15. Longer term resistance is seen at 0.20.

CONCLUSION

Considering all the above, my personal TP for MTRONIC is set at RM 0.15 (Immediate & Short Term ), and RM 0.20 (Mid to Long Term).

 

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

Disclaimer : The above opinion is not a BUY CALL but only sharing my observations.

BURSAMASTER

Labels: MTRONIC
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moneykj Mtronic not yet. Buy Orion and Orion wa.
16/06/2019 9:08 AM
Alex™ Hehe... Buy first, publish later
16/06/2019 4:47 PM
Jim Tan 71mil warrant exercised to 56mil or 5.6mil
16/06/2019 5:13 PM
John Lu Mr Ooi Chieng Sim inside too
17/06/2019 5:45 AM
kyosan PureBULL ..new joiner not burn too severe rather than buy after price already up more than 30%+...
17/06/2019 3:02 PM
Gtrade for the info of newbie, major shareholders can PRETEND to inject money into company, but he CAN EASILY SIPHON OFF THEMONEY THROUGH A conman scheme,legally sanctioned by SC. The conman scheme is called RELATED PARTy TRANSACTIOn.
17/06/2019 4:38 PM
Mnorhazlan Yusoff EGM to remove Existing director rejected. Whats next?
15/07/2019 6:55 PM
charles pang kah keet WAIT LEE KIM YEW TAKE ACTION NOW, EITHER YOU CAN REPORT COMPLIANT TO BURSA MALAYSIA SAID EGM NO FAIR TO VOTING. LET BURSA TO INVESTATION.
20/07/2019 9:05 PM
charles pang kah keet NOW MARKET FOCUS MTRONIC GLOBAL BERHAD 0043 LEE KIM YEW TAKE OVER THE COMPANY.
20/07/2019 9:07 PM


 

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