Highlights

Bursa Master

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

 

A GEM OVERLOOKED : POTENTIAL DARLING OF THE MARKET

Author:   |    Publish date:


A GEM OVERLOOKED:  POTENTIAL DARLING OF THE MARKET
 

Investors and funds alike might have overlooked this counter MASTER-PACK GROUP BHD or MASTER (Code:7029); The price & volume has been creeping up slowly since early this month but the underlying fundamental of this company has been grossly overlooked.

It caught my attention today as this counter entered my radar net yesterday (Friday 15-Mar 2015) with a 1st day substantial increase in volume after being a normally quiet counter for some time. On Friday the volume spurt to 4.6 mil and the counter closed at the highest of the day at 0.84 which is also its 52-week high.

 

WHAT COULD HAVE TRIGGERED THE SUDDEN INTEREST?
 

After doing some homework; I realised that MASTER has on 27 Feb 2019 announced a Revaluation of Non-Current Assets of the group yielding a revaluation surplus of RM11,615,000 which will be captured into the unaudited consolidated financial statements for the financial period ended 31 Dec 2018.

Being one of the smallest paid up capital on the Main Board of Bursa Malaysia with only 54 million shares issued and small public float; together with stellar financial performance; I believe this gem should attract a lot of investors interest.

At the price of RM0.84 /share; it is trading at a P.E. of only 7.97  with EPS of 10.54.
The NTA stands at 1.67 which is grossly undervalued.

It has been paying dividend year after year and registered profit without fail
 

Additional based on the Asset Revaluation Surplus of RM11.615 million which should be captured into the Earning Per Share(EPS) ; This counter should be price much higher; my personal TP is between RM1.50 to RM2.00.

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

I WILL PLACE MASTER INTO MY INVESTMENT PORTFOLIO BEFORE FUNDS START BUYING INTO IT.
I ANTICIPATE A GOOD RETURN ON THIS INVESTMENT.

LET'S SEE HOW THIS COUNTER PERFORM NEXT WEEK COMES MONDAY 18-FEB-2019; HOPEFULLY ANOTHER NEW HIGHS AND CONTINUED THEREAFTER

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


https://klse.i3investor.com/servlets/stk/annqtyres/7029.jsp

https://klse.i3investor.com/servlets/stk/annqtyres/7029.jsp



regards 

BURSAMASTER


 

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Labels: MASTER

Related Stocks

Chart Stock Name Last Change Volume 
MASTER 1.44 -0.01 (0.69%) 483,500 

  Be the first to like this.
 
uptrending Have you bought?
17/03/2019 9:35 AM
ktsk88 Which stocks you try to point out?
17/03/2019 11:40 AM
tah16600 Too high aldy löl ! better buy Benalec
17/03/2019 12:02 PM
dompeilee When it was in the 50c range, never recommend. Now over 80c then only recommend lol
17/03/2019 12:27 PM
ramada Good counter, but wrong theme to play.
17/03/2019 5:09 PM
(HK1997 again) Philip Hhhmmmm, if you wanted to play microcaps, why not invest in PPHB instead. The management is much more amenable, they will begin paying out dividends soon, they have an upcoming hotel in Penang getting ready this year, they have a lot of industrial warehouses and factory in Penang Island which hasn't been revalued since 2007, they have expanded to Philippines, the profit earnings and revenue is growing steadily and more than master,, and the pe is even lower than master.

They even do the same business.

But one is in Sarawak with slow growth, and the other one is in Penang, which is the fastest growing industrial zone in Malaysia today. Plus LGE is supporting export business in Penang, and plans are being made to upgrade the airport into an international one soon.
17/03/2019 6:40 PM
Yi Heng vis also microcaps valuable stocks too haha..
17/03/2019 7:06 PM
dompeilee Trap was set...luckily I used the syndicate's $$$ to run...! TQ!!! =)
18/03/2019 3:26 PM
UnicornP Why you so scared hold Master?
18/03/2019 3:29 PM
dompeilee I still hold Master...but less than b4 =)
18/03/2019 3:35 PM


 

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