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KLSE: QL       QL RESOURCES BHD
Last Price Avg Target Price   Upside/Downside Price Call
6.84 6.70     -0.14 (2.05%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
02/07/2019 6.83 6.66 -0.17 (2.49%) HOLD PUBLIC BANK Price Target News
06/06/2019 6.85 6.00 -0.85 (12.41%) SELL HLG Price Target News
31/05/2019 6.82 6.61 -0.21 (3.08%) HOLD PUBLIC BANK Price Target News
31/05/2019 6.82 7.06 +0.24 (3.52%) HOLD MIDF Price Target News
31/05/2019 6.80 6.05 -0.75 (11.03%) SELL KENANGA Price Target News
31/05/2019 6.82 6.00 -0.82 (12.02%) SELL HLG Price Target News
31/05/2019 6.82 7.15 +0.33 (4.84%) HOLD BIMB Price Target News
31/05/2019 6.82 8.00 +1.18 (17.30%) BUY AffinHwang Price Target News
23/04/2019 6.82 6.05 -0.77 (11.29%) SELL KENANGA Price Target News
22/04/2019 6.89 6.00 -0.89 (12.92%) SELL HLG Price Target News
12/04/2019 6.82 5.70 -1.12 (16.42%) SELL KENANGA Price Target News
14/03/2019 6.82 6.00 -0.82 (12.02%) SELL HLG Price Target News
01/03/2019 6.97 6.61 -0.36 (5.16%) HOLD PUBLIC BANK Price Target News
01/03/2019 6.97 7.35 +0.38 (5.45%) HOLD MIDF Price Target News
01/03/2019 6.97 5.70 -1.27 (18.22%) SELL KENANGA Price Target News
01/03/2019 6.97 5.10 -1.87 (26.83%) SELL HLG Price Target News
01/03/2019 6.97 7.15 +0.18 (2.58%) HOLD BIMB Price Target News
01/03/2019 6.97 8.00 +1.03 (14.78%) BUY Affin Hwang Capital Price Target News


Price Target Research Article/News (past 6 months)
02/07/2019  PUBLIC BANK QL Resources Berhad - Convenience Store Segment to Remain Exciting
06/06/2019  HLG QL Resources - Recovering Fish Catches Saves the Day
31/05/2019  PUBLIC BANK QL Resources Bhd - Within Expectations
31/05/2019  MIDF QL Resources Berhad - Earnings Growth Hampered by Higher Tax Expense
31/05/2019  KENANGA QL Resources Bhd - FY19 Within Expectations
31/05/2019  HLG QL Resources - Recovering Fish Catches Saves the Day
31/05/2019  BIMB QL Resources - Bidding adieu to an excellent year
31/05/2019  AffinHwang QL Resources - FY19: In-line With Expectations
23/04/2019  KENANGA QL Resources Bhd - Building Up FY20
22/04/2019  HLG QL Resources - Surimi Giant Getting Bigger
12/04/2019  KENANGA Vietnam Study Trip - Hustling and Bustling
14/03/2019  HLG QL Resources - Resourceful Company But Rich Valuations
01/03/2019  PUBLIC BANK QL Resources Berhad - In-line With Expectations
01/03/2019  MIDF QL Resources Berhad - Strong Growth From Marine Product Segment
01/03/2019  KENANGA QL Resources Bhd - 9M19 Broadly Within Expectations
01/03/2019  HLG QL Resources - Premium Valuations
01/03/2019  BIMB QL Resources - Growing steadily
01/03/2019  Affin Hwang Capital QL Resources - Good Showing in 9MFY19



  4 people like this.
 
stockraider FM is good but QL is still overvalue & overrated loh....!!

That means all its good needs already fully discounted ,leaving high risk of sharp fall when it did not manage to perform up to its high expectation loh....!!

In Law of probability if u buy....win little but lose will be very big scenario mah....!!
08/06/2019 12:54 PM
Choivo Capital Haha welcome back CharlesT, long time no see.

If people want these kind of extremely high PE growth stock, look at these.

Align Technology - The maker of invisalign
Shockwave Medical Inc - Big potential
Intuitive Surgical - Maker of the Da Vinci Machine
Beyond Meat - Vegetarian meat that taste like real meat with similar health content
Visa
Master
Boeing
Airbus
09/06/2019 11:25 AM
qqq3 between "valuation" and perception of "quality", which is more reliable?

I would argue that perception of quality is more reliable.

Quality refers to the full spectrum of stuffs like sustainability and reliability of earnings, of management quality, of business risk etc.

The so called valuation based on last reported earnings? so easy to find a high quality company in Malaysia meh?
09/06/2019 11:39 AM
Sslee Qqq3, Beyond Meat now is 600% up from IPO price of USD 25.
11/06/2019 9:17 PM
qqq3 value investors have under performed Beyond Meat........
11/06/2019 9:26 PM
Sslee Hahahaha,
Qqq3 Beyong Meat is still a loss making company with tripple digit growth in expected revenue and current valuation is close to 50X revenue.
11/06/2019 9:47 PM
qqq3 there must be a lot of value in the name then
11/06/2019 11:16 PM
Sslee Hahahaha,
Qqq3, "whom the gods would destroy they first make mad"
The stock is cornered to punish short sellers.
12/06/2019 7:55 AM
qqq3 u can believe what u see but don't believe the reasons given
12/06/2019 8:13 AM
enigmatic [Breaker of Speculative Investing] Even FamilyMart has joined the bubble milk craze.

https://www.facebook.com/FamilyMartMY/photos/a.1178131662271531/2288934911191195/?type=3&theater
12/06/2019 9:32 PM
pussycats TP 5.70 SELL by KENANGA
13/06/2019 8:01 AM
calvintaneng Kenanga is correct to call for a sell on Ql as it is now overvalued

Best wait at Rm4.00

That is a fair price

Anything above you are over paying
13/06/2019 11:21 AM
shpg22 This stock is cornered by big shark la. Just like RAPID, YNHPROP. Its up to Cartel to price it. Unlike NESTLE, QL has no moat. Nobody go to the market insisting on buying QL eggs or surumi. Nobody gave a damn shit about the brand for this type of products. So P/E 50x is nonsense.
13/06/2019 10:33 PM
tealeaf first time tried FM Oden, really surprised it taste so well... tested the bubble tea as well, ok for me...not a big fans of bubble tea. Certain FM mart really good biz during rush hour times...
21/06/2019 1:19 PM
tealeaf for those not favour in QL, PE50, no moat, not like nestle, etc... just stay away lo..what for keep arguing ...
21/06/2019 1:20 PM
shpg22 Everyone can give their opinion whether positive or negative. If all the comments is positive only it is like shiok sendiri. So pls stop asking people to stay away just because they dont agree with you. Be mature and accept critism
22/06/2019 11:37 AM
Rwkl Totally agree anyone can state their opinion.
However, I can’t recollect ever reserving you the right to make claims on my behalf.
Yes, I only buy QL eggs......and for that you of course can choose to call me whatever you wish...
22/06/2019 4:44 PM
qqq3 so tempting to start with valuations. Everybody does that including the IBs and sifus.

Better approach is to start with quality .........

look at i3's OTB who starts with low PEs.....look at his Lion Industry , Hengyuan and his Dayang.....certainly not for the masses.......
22/06/2019 4:56 PM
shpg22 Those that own QL share will most probably buy QL products. Others (majority) will not bother much about the brand. We are talking about 99.9% of the population here that don't own QL share.
22/06/2019 5:36 PM
James Ng https://klse.i3investor.com/blogs/general/212301.jsp
[转贴] [Facebook live:浅谈QL Resources Bhd (QL)] - James的股票投资James Share Investing
25/06/2019 9:17 PM
calvintaneng PHILIP HAS MISSED THE POINT

CALVIN ONLY PROMOTE TALAMT NOW BECAUSE IT IS BOMBED OUT AND CHEAP!!

JUST LIKE CALVIN PROMOTED PM CORP WHEN IT WAS 15 SEN TO 9 SEN

CALVIN ALSO PROMOTED

CARIMIN AT 39 SEN (MORE THAN 100% UP NOW)

NAIM AT 50 SEN (THIS DOUBLED TO RM1.00 & STILL GO LIMIT UP)

AZRB AT 34.5 SEN (HIGH WAS 57 SEN LATER)

LAFARGE AT RM2.25 (TOUCHED RM4.50 UP 100%)

ALWAYS BUY LOW

CALVIN WARNED QL (Quickly lock up) at Rm7.00 VERY HIGH CANNOT CHASE

AND WARNED GREATEC (GREAT TRAP NOW) OVER RM1.00 MUST SELL

ALL HONEST PEOPLE CAN "SEE" FOR THEMSELVES

THE FACTS AND FIGURES SPEAK LOUD AND CLEAR!!!
28/06/2019 6:55 PM
stockraider Correctloh...u only promote, when it is make sense and worth it with big margin of safety loh....!!

Not u simply promote overvalue QL with PE above 50x loh....!!

Posted by calvintaneng > Jun 28, 2019 6:55 PM | Report Abuse

PHILIP HAS MISSED THE POINT

CALVIN ONLY PROMOTE TALAMT NOW BECAUSE IT IS BOMBED OUT AND CHEAP!!

JUST LIKE CALVIN PROMOTED PM CORP WHEN IT WAS 15 SEN TO 9 SEN

CALVIN ALSO PROMOTED

CARIMIN AT 39 SEN (MORE THAN 100% UP NOW)

NAIM AT 50 SEN (THIS DOUBLED TO RM1.00 & STILL GO LIMIT UP)

AZRB AT 34.5 SEN (HIGH WAS 57 SEN LATER)

LAFARGE AT RM2.25 (TOUCHED RM4.50 UP 100%)

ALWAYS BUY LOW

CALVIN WARNED QL (Quickly lock up) at Rm7.00 VERY HIGH CANNOT CHASE

AND WARNED GREATEC (GREAT TRAP NOW) OVER RM1.00 MUST SELL

ALL HONEST PEOPLE CAN "SEE" FOR THEMSELVES

THE FACTS AND FIGURES SPEAK LOUD AND CLEAR!!!
28/06/2019 7:02 PM
calvintaneng MORE WEAKNESS IN FAMILY MART BEING GROSSLY OVERPRICED IN MALAYSIA

FAMILY MART UNCOMPETITIVE

EMPLOYS LOCALS AT RM1,800

7 ELEVEN EMPLOYS NEPALEE AT RM900 PER MONTH

ABOUT HALF THE WAGE

FRANCHISE OF FAMILY MART IS 300% TO 400% MORE EXPENSIVE THAN A FRANCHISE FOR 7 ELEVEN

FOOD = ICE CREAM

FAMILY MART IMPORTED WASABI POWDER ICE CREAM SELLS FOR RM3.00 PER CONE
WHILE MCDONALD SELLS FOR RM1.00 FOR MILK ICECREAM

HOW TO COMPETE WITH MCDONALD

SWISS ROLL CAKE SOLD BY FAMILY MART IS RM3.00 WHILE 7 ELEVEN IS SELLING AT RM1.00

ALL BUNS & OTHERS ALSOI VERY MUCH CHEAPER IN 7 ELEVEN THAN FAMILY MART

FAMILY MART WITH SUCH HIGH PRICED GOODS & LOW QUALITY WILL TURN INTO FOOL MART LATER

ALSO THE THIN EGG SHELLS SHOW LACK OF CALCIUM IN THE CHICKEN FOOD

TRY THIS

PUT EGG INTO WATER

IF THE EGG SINKS TO THE BOTTOM THEN THE EGG IS FRESH

BUT IF THE EGG FLOATS UPWARD THEN THE EGG IS NOT FRESH AND SHOULD NOT BE EATEN AS SUCH

FAMILY MART INVENTORIES NOW MORE THAN 70 DAYS SHOW THAT THE FOOD IS NOT FRESH. SO THEY PUT LOTS AND LOTS OF AJINOMOTO TO COVER UP THE STALE TASTE

BE CAREFUL NOW!!

YOU GUYS AND GIRLS WILL HAVE YOUR HAIR DROP OFF BY CONSUMING SUCH UNHEALTHY FOOD
28/06/2019 7:04 PM
Sslee Hahaha,
Qqq3 EPF still got 116.8 million of QL share to sell.
28/06/2019 7:46 PM
Rwkl Phew..... my weeks old QL eggs are still fresh. Thanks for the tip Calvin
01/07/2019 12:01 AM
(S=QR) Philip https://klse.i3investor.com/blogs/phillipinvesting/212928.jsp
01/07/2019 7:48 AM
(S=QR) Philip Here comes Calvin again with his half truths and wonderful lies. QL does not care about shpg22 not Calvintaneng who try to bomb and say QL is not good etc. It doesn't care. It is an 11 billion dollar company. Not some 400-500 million ringgit microstock which Calvin so called value investor buys so often.

For those who say family mart has no future and mix with fake news, I invite you to visit any of their 108 locations ( and adding more each day) around Malaysia to taste and make up your mind on the quality, freshness and good taste. One thing I can guarantee, QL will have its 300 locations in Malaysia before long, and as usual ahead of expectations and ahead of schedule.

QL will continue to grow and grow and grow, while Calvin favourites like TALAMT, o&g stocks, ASB will continue their cycle of ups and downs and uncertainties.

It is easier to lead the camel through the eye of a needle than to teach Calvin how to invest in wonderful companies.
01/07/2019 7:59 AM
stockraider EXCELLENT GOOD COMMENT LOH....!!
YES SOHAI PHILIP HAD OVERVALUE QL LOH....!!

Posted by GrahamNewman > Jul 1, 2019 2:47 PM | Report Abuse

Also, on your preference for QL Resources, I can definitely see the company quality in terms of management and the growing food industry, but I have trouble projecting such a high growth rate with such a long period into the future in my calculation of its intrinsic value to the extent I think the current valuation verge on a dangerous bet on a presumably bright future. The same could be said of Top Glove and Yinson, which I think the current valuation is just fair or slightly undervalued, but not exactly one to make a bundle. This is what I think of them as I also look at how these companies make use of their incremental capital(as oppose to old capital), which I deem a very important proxy for projecting future growth rates. Of course, I could be missing out in reading correctly their industry conditions but high growth rates for a prolonged period is an assumption that I can hardly make.

It reminds me of Buffett saying he could have made a small mistake by overpaying in the Kraft Heiz deal.

Anyway, please do not contrue the above as critisicm, I would love to learn your perspective on this as well.
01/07/2019 6:53 PM
stockraider Look here & read properly lah, where got raider use single metric to say your overvalue QL overvalue leh ??

The problem of QL is it is in the commodities business really no business moat at all loh....!!

furthermore beside PE of more than 50x, dividend yield less than 1% pa, Nta only Rm 1.20 and in the commodity business, do u think can justify such an extreme valuation leh ??

USE YOUR BRAIN THINK LOH....!!

THE GLUT CAN HAPPEN TO ANY BUSINESS NOT ONLY PROPERTY BUSINESS LOH...!!

1.TAKE FOR EXAMPLE YOUR SOCHAI OVERVALUE QL WITH PE 50X....THEY EXPANDED THEIR PALMOIL PLANTATION BUT IT IS NOT DOING WELL BCOS OF OVER PRODUCTION AND GLUT THUS THE PRICE DEPRESSED LOH...!!

2. THIS MAY HAPPEN TO THEIR CHICKEN AND EGG BUSINESS, WHEN THEY OVER EXPAND OR THEIR COMPETITOR EXPANDED THEIR CAPACITY OR WHEN IMPORTS IS ALLOW TO COME IN IN THE NAME OF FREE TRADE MAH...!!

3. THE SAME CAN HAPPEN IF U OPEN TOO MANY FAMILY MART STORES NEARBY EACH OTHERS ....THESE ARE POTENTIAL GLUT NOT FORSEEN BCOS CURRENT SALES ARE GOOD, THE SAME POSITIVE ENVIRONMENT EXPERIENCE FEW YEARS BACK LOH..!!
01/07/2019 7:00 PM
stockraider Thats why until today your sohai overvalue QL { Pe 50x} still underperform against our insas and MNRB despite Sohai EPF keep buying to support the stupid QL share price loh...!!

There must be a reason why QL underperformed mah, the reasons point to huge overvaluation loh....!!

The problem of QL is it is in the commodities business really no business moat at all loh....!!

furthermore beside PE of more than 50x, dividend yield less than 1% pa, Nta only Rm 1.20 and in the commodity business, do u think can justify such an extreme valuation leh ??
01/07/2019 7:01 PM
shpg22 QL is a stock that no matter which angle you look at doesn't worth that much. Price highly manipulated and control by sharks. Just a matter of time before a big dive.
02/07/2019 12:01 AM
(S=QR) Philip Very funny comments, if we were talking about a 200 million microcap stock I would totally understand. This however is an 11 billion ringgit company.

Maybe the angles you are looking at is merely quantitative, you have probably missed the qualitative aspect of the business.

Stockraider has been wishing for the price to crash for a very long time now. It still eludes him.
02/07/2019 12:16 AM
tealeaf indeed.... i c the crowd more at FM rather than 7-11.... have anyone c 7-11 long q to buy stuff... but FM yes..... last week when i landed at KLIA2 in the morning, wanna buy some light meal in FM, unfortunately many sold out even mineral drinking water.....

i may not want to attend the oden if i seen nepal/bangla preparing it....
02/07/2019 7:45 AM
stockraider THIS IS PHILIP NAIVE BRAINLESS LOGIC LOH....!!

TOO BIG CANNOT FAIL MEH ??

I REMEMBER BUMI ARMADA & SAPURA ENERGY, USE TO BE A VERY BIG MKT CAP COMPANY RANGING FROM RM 30B TO RM 50B LOH....!!

ASK YOURSELF WHAT IS THEIR MKT CAP TODAY LEH ??

SAMETHING CAN HAPPEN TO QL TOO LOH....!!

US/CHN trade war doesn't matter) Philip Very funny comments, if we were talking about a 200 million microcap stock I would totally understand. This however is an 11 billion ringgit company.

Maybe the angles you are looking at is merely quantitative, you have probably missed the qualitative aspect of the business.

Stockraider has been wishing for the price to crash for a very long time now. It still eludes him.
02/07/2019 10:43 AM
shpg22 TRANSMILE also big last time until the accounting scandal pop up.
02/07/2019 12:39 PM
(S=QR) Philip So now QL practices accounting scandals and is the same as sapura and bumi Armada? Wonders never cease.
02/07/2019 4:51 PM
stockraider Please note there are no scandal at sapnrg and armada loh....this Philip like to make sweeping statement....Partly due to Brainless loh...!!
02/07/2019 7:10 PM
stockraider JUST SELL OVERVALUE QL AND SWITCH TO INSAS HATHAWAY MAH....!!

INSAS A VERY GOOD MARGIN OF SAFETY INVESTMENT; THERE IS A GOOD OPPORTUNITY TO MAKE A BIG KILLING WITH VIRTUALLY VERY LOW RISK, BCOS THERE IS HUGE MARGIN OF SAFETY AND INSAS HAS TECHNICALLY BREAKOUT TO SHOW VERY BULLISH SIGN LOH....!!

BUY BUY BUY B4 TOO LATE LOH....!!

IT WILL RUNUP VERY SOON MAH...!!

For its nine months ended March this year, Insas registered a net profit of RM63.91 million on RM133.96 million in revenue.

While its share price is languishing at 72 sen, the company’s net asset per share as at end-March was RM2.59.

A few months ago, Kok Khee is said to have told a group of friends, “Insas is the most undervalued company on Bursa Malaysia”.

As at end-March this year, Insas was in a net cash position and had deposits with licensed banks and financial institutions amounting to RM553.68 million and cash and bank balances of RM114.63 million. On the other side of the balance sheet, Insas had short-term debt commitments of RM309.83 million and long-term borrowings of RM20.48 million.

Considering Insas’ share base is 663.01 million shares, this means that Insas has net cash of 54 sen per share.

It is also interesting to note that Insas is diversified, having stakes in stockbroking company M&A Securities Sdn Bhd, property development held under Insas Properties Sdn Bhd, car rentals under Insas Pacific Rent-A-Car Sdn Bhd, 43% in the fashion retailer Melium group and Dome Café in its stable of companies. Also under Insas is moneylending and project financing outfit Insas Credit & Leasing Sdn Bhd, just to name a few of its businesses.

Its shareholdings in listed companies include 19.1% in semiconductor manufacturer Inari Amertron Bhd. Inari at its close of RM1.59 last Friday had a market capitalisation of RM5.05 billion. Thus, Insas’ stake in Inari is worth RM964.55 million, which is more than double Insas’ market capitalisation of RM477.4 million as at last Friday’s close.

Other companies Insas has stakes in include 10.18% in software outfit Omesti Bhd, which closed at 40.5 sen last Friday for a market capitalisation of RM193.7 million, 7.98% in furniture company SYF Resources Bhd — which ended trading last Friday at 20 sen, translating into a market value of RM119.1 million — and 25.48% in computer software and hardware consulting company Diversified Gateway Solutions Bhd, which finished Friday at eight sen, valuing it at RM59.7 million.

Omesti, meanwhile, has a 5.65% stake, or 42.14 million shares, in Diversified Gateway Solutions, 61.53% in software company Microlink Solutions Bhd and 13.29% in construction player Ho Hup Construction Co Bhd.
02/07/2019 7:42 PM
stockraider Remember if u invest in margin of safety stocks, for fast return u must look for catalyst loh....!!
A good example of catalyst for insas is as below loh..!!

Newsbreak: Insas’ controlling shareholders may seek a waiver

This article first appeared in The Edge Malaysia Weekly, on June 24, 2019 - June 30, 2019.

THE controlling shareholders of Insas Bhd, Datuk Seri Thong Kok Khee and his brother Datuk Thong Kok Yun, are said to be mulling seeking a waiver from making a general offer for the company if they decide to convert the company’s warrants in February next year.

The “if” comes about as the warrants issued in end-February 2015 are out of the money, trading at 3.5 sen, while the strike price to convert the warrant to a share when it expires on Feb 25 next year is RM1.

Insas’ mother share, however, closed last Friday at 72 sen, a 28% discount from the warrant’s strike price, which makes it more meaningful to buy direct into the mother share as opposed to buying the warrant and converting it.

“I do not think any of the warrant holders will convert,” one warrant holder says.

Insas’ October 2014 circular to shareholders says that should Kok Khee and any of his related parties, “exercise their warrants such that their shareholdings in Insas increase to more than 33%, whether on an individual basis, Datuk Thong Kok Khee and/or any of his related parties is obliged … to undertake a mandatory offer for all the remaining Insas shares not already held by them after the exercise of the warrants”.

Kok Khee has a 25.05% stake in Insas and his brother Kok Yun controls 11.19%. Another 18.77% is held by M&A Investments International Ltd, which, according to Insas’ 2018 annual report, is linked to Kok Khee. This would mean that the brothers have about 55% equity interest in Insas at present. Meanwhile, Kok Khee has 31.45%, or 83.41 million, of the warrants while Kok Yun has 31.74 million, or 11.97%.

If Kok Khee and Kok Yun pay RM115.15 million to convert their warrants and, assuming that none of the warrant holders convert, they would control 61.66% of Insas.

To put things in perspective, over the last 10 years, Insas has traded above RM1 for only a few months in 2014 and a brief period in 2017.

Insas’ warrants came about in July 2014, when it issued 138.7 million preference shares at an issue price of RM1 a preference share, on a basis of one preference share and two warrants for five shares held. In a nutshell, Insas was looking to raise RM138.7 million, largely for M&A Securities.

There are 265.2 million warrants still trading and 132.6 million preference shares have yet to be redeemed. But it is not that Insas needs the warrants to be converted to raise funds to redeem the preference shares.

For its nine months ended March this year, Insas registered a net profit of RM63.91 million on RM133.96 million in revenue.

While its share price is languishing at 72 sen, the company’s net asset per share as at end-March was RM2.59.

A few months ago, Kok Khee is said to have told a group of friends, “Insas is the most undervalued company on Bursa Malaysia”.

As at end-March this year, Insas was in a net cash position and had deposits with licensed banks and financial institutions amounting to RM553.68 million and cash and bank balances of RM114.63 million. On the other side of the balance sheet, Insas had short-term debt commitments of RM309.83 million and long-term borrowings of RM20.48 million.

Considering Insas’ share base is 663.01 million shares, this means that Insas has net cash of 54 sen per share.

It is also interesting to note that Insas is diversified, having stakes in stockbroking company M&A Securities Sdn Bhd, property development held under Insas Properties Sdn Bhd, car rentals under Insas Pacific Rent-A-Car Sdn Bhd, 43% in the fashion retailer Melium group and Dome Café in its stable of companies. Also under Insas is moneylending and project financing outfit Insas Credit & Leasing Sdn Bhd, just to name a few of its businesses.

Its shareholdings in listed companies include 19.1% in semiconductor manufacturer Inari Amertron Bhd. Inari at its close of RM1.59 last Friday had a market capitalisation of RM5.05 billion. Thus, Insas’ stake in Inari is worth RM964.55 million, which is more than double Insas’ market capitalisation of RM477.4 million as at last Friday’s close.

Other companies Insas has stakes in include 10.18% in software outfit Omesti Bhd, which closed at 40.5 sen last Friday for a market capitalisation of RM193.7 million, 7.98% in furniture company SYF Resources Bhd — which ended trading last Friday at 20 sen, translating into a market value of RM119.1 million — and 25.48% in computer software and hardware consulting company Diversified Gateway Solutions Bhd, which finished Friday at eight sen, valuing it at RM59.7 million.

Omesti, meanwhile, has a 5.65% stake, or 42.14 million shares, in Diversified Gateway Solutions, 61.53% in software company Microlink Solutions Bhd .
02/07/2019 7:44 PM
stockraider IF THIS CAN HAPPEN TO LAY HONG, IT COULD HAPPEN IN QL, AFTERALL THEY ARE IN THE SAME INDUSTRY LOH....!!


Lay Hong Director sold 30% of warrants during the period his chicken farm was culled and no announcement was made

Author: HerbertChua | Publish date: Wed, 3 Jul 2019, 12:59 PM

The news was only found out after victim shareholders waited honestly for the quarter result for quarter 2.

Why victim? Because the share price fell like waterfall before the quarter result for quarter 2.

After that, pitiful analyst of Hong Leong and Kenanga cease coverage after praising Lay Hong as if it will be the star performer in 2019.

Should the director have sold so many warrants during the period the farm was culled? When the farm was culled, public victim funds and shareholders were kept in the dark until much later when found out in quarter 2 result.
03/07/2019 1:03 PM
rajachulan “走了40年,未来40年怎么走?基本上我们的董事是兄弟和妻舅,因为我太太也姓谢,所以董事们基本都姓谢。为了走好未来40年,我认为我们的股份制模式还不够,我们要学习欧美,转变成信托模式。”就在今年,全利集团的谢氏股东们把他们所控股的42%股权拿出来,成立了信托基金会。如此一来,家族每个成员不再传承公司的控股权决策权,而是传承每个人部份的收益,从拥有权转向收益权,从而避免潜兄弟姐妹股权纷争的风险。

https://finance.sina.com.cn/chanjing/gsnews/2018-12-05/doc-ihprknvt1494038.shtml

fisherman's son is no longer a fisherman

but chicken farmer still a chicken farmer...
03/07/2019 1:43 PM
(S=QR) Philip Comparing layhong management to QL management shows how smart stockraider is. He didn't understand how I bought ql when it was around 1b networth and watch my investment grow to 11b.

Even today he measures performance with share price movement instead of business growth of revenue and earnings.

Small office boy thinking, forever only look at what is in front.

Share price is volatile. Competitive business advantage is not.
04/07/2019 7:48 AM
stockraider Philip very sochai mentality loh....!!

QL Pe 50x management may be good...but overvalue what is the point leh ???

Good management does not deserve PE 50x....maybe PE 20x to 25x acceptable mah....!!

Beside high PE 50x...it only can afford to pay 0.75% div...only sochai like Philip is happy loh...!!

QL must show ability to pay div to confirm it do well loh...!!

Why raider compare poor performance layhong v QL leh ??

To reflect the poor performance of chicken will come to haunt QL eventually loh....!!

Furthermore palmoil also not doing well mah...!!

Just imagine got 3 engine....2 engine not functioning...do u think can fly well leh ??
Furthermore PE 50x sky high...do u think it will crash leh ??

Need to understand the risk of overvaluation mah...!!

Posted by (US/CHN trade war doesn't matter) Philip > Jul 4, 2019 7:48 AM | Report Abuse

Comparing layhong management to QL management shows how smart stockraider is. He didn't understand how I bought ql when it was around 1b networth and watch my investment grow to 11b.

Even today he measures performance with share price movement instead of business growth of revenue and earnings.

Small office boy thinking, forever only look at what is in front.

Share price is volatile. Competitive business advantage is no
04/07/2019 9:49 AM
stockraider Safer to Sell QL Pe 50x to buy insas hathaway a veli safe n undervalue stock with huge margin of safety loh....!!
04/07/2019 9:50 AM
stockraider Posted by (US/CHN trade war doesn't matter) Philip > Jul 6, 2019 12:15 PM | Report Abuse

The figures tell me a wonderful story. How a company is able to take less outside capital than it's peers to grow with far more efficiency. How a company grew:

From 1.4 BILLION in REVENUE AND 106 MILLION PROFIT 10 YEARS AGO
TO. 2.4 BILLION REVENUE AND 159 PROFIT 5 YEARS AGO
TO. 3.6 BILLION REVENUE AND 216 PROFIT TODAY

CEO is telling you projections 8 billion revenue and 600 profit 10 years from now.

So if you are conservative and look at 6 billion revenue and 400 profit 10 years from now with no major competitor to disrupt your business or undersell your prices ( numbers also tell me QL is the lowest cost producer), how would you value QL then? Buy or sell?

I know everyones answer.

Problem is most professional investors know how to value INSAS. Only the amateur ones think they know better.

Good luck.


>>>>>>>>>

QL Balance sheet:
Trade receivables: RM 300,876,000
Cash and cash equivalents: RM 260,331,000
Long term borrowings (LT Debts/Total Equity: 30%): RM611,313,000
Short term-bankers acceptance RM 279,923,000:
Other short term borrowings: RM 297,368,000
Payables: RM 342,799,000
So what all these figures tell you about QL:
06/07/2019 1:38 PM
stockraider Posted by Sslee > Jul 6, 2019 1:00 PM | Report Abuse

Dear Philip,
If you, professional investors, big fund managers and INSTITUTIONS holder ready to pay RM 11 billion now with current profit of RM 216 million and will only growth into RM 400-600 million profit in 10 year time then go ahead as no one going to stop you but it is not my cup of tea nor qualified my owner boss demand "rate of return".

Thank you
06/07/2019 1:38 PM
stockraider Correctloh a bird in hand is much better than 2 in the bush mah...!!

Insas has an NTA of Rm 2.54 (even if we exclude revaluation like inari} and it got good profit & reasonable dividend too plus it is positive net cash mah and u can buy it for rm 0.815 with big margin of safety and with PE less than 10x....all these value are real mah..!!

On the otherhand QL overvalue with PE 51x and with market cap of Rm 11b and in 10 yrs time can only make rm 400m....don u think it is extremely overvalue and sohai to invest leh ??

Insas value of Rm 2.54 are real whereas QL value is speculation...can they really make Rm 400m in 10 years time...even if they can make Rm 400m....this stock PE 25x in 10 yrs time still overvalue loh...!!

Philip is really a sohai loh....!!

Posted by Sslee > Jul 6, 2019 1:00 PM | Report Abuse

Dear Philip,
If you, professional investors, big fund managers and INSTITUTIONS holder ready to pay RM 11 billion now with current profit of RM 216 million and will only growth into RM 400-600 million profit in 10 year time then go ahead as no one going to stop you but it is not my cup of tea nor qualified my owner boss demand "rate of return".

Posted by stockraider > Jul 5, 2019 10:29 PM | Report Abuse X

This Philip is the salesman type of personality no financial management Skills loh...!!
No matter how good is your sales growth u must always convert it to profit loh..!!
That call for prudent financial management & use of quantitative analysis as suggested by raiders as a defensive safeguard for investor loh.....!!

Raider had met many growth orientated business men like Philip type, they can talk of exciting grandiose sales growth, but at the end ,their business went bankrupt, just bcos they do not know how to exercise financial restraints , management & prudent quantitative analysis loh...!!.
06/07/2019 1:39 PM
stockraider Remember loh...Insas is a fundamental investment, u are paying Rm 0.815 for and enormous value above Rm 2.54 mah...!!
This difference is call big margin of safety loh...insas is a very very safe investment loh...!!

On the otherhand u r speculating on QL overvalue with PE 51x and with market cap of Rm 11b and in 10 yrs time can only make rm 400m....don u think it is extremely overvalue and sohai to invest leh ??

Can they really make Rm 400m in 10 years time...even if they can make Rm 400m....this stock QL PE 25x in 10 yrs time is still overvalue now loh!!

Philip is a sohai to make comment below loh...!!

"NO ONE IS WILLING TO OVERPAY FOR INSAS BECAUSE WE KNOW THE PAST HISTORY, THE PAST BAGGAGE, AND THE FUTURE OF INSAS. NOT EVEN RAIDER AND SSLEE. WHY? IF YOU ARE CONFIDENT RETAINED EARNINGS WILL BE RM5 3-5 YEARS FROM NOW, WHY SELL AT 80 CENTS? WHY DOESN'T INSTITUTION BUY UNTIL REALIZED VALUE OF RM1.25 AND ABOVE? 100% RETURN NOT GOOD? UNLESS IT IS THEORETICAL AND NOT CERTAINTY.

FOR QL WHY AM I AND OTHER INSTITUTIONS HOLDING AT PE51? AND GIVING REALIZED VALUE TO QL AT 11 BILLION? ARE WE BUILDING CASTLES AND CHASING NUMBERS IN THE AIR? OBVIOUSLY NOT."

Raider says:
always remember when u invest start with margin of safety 1st mah...!!
Start with Buying Insas Hathaway loh...!!
06/07/2019 1:39 PM
MrFox Insas is Insaf!!!!!!

kikiki
06/07/2019 1:46 PM
Fabien "The Efficient Capital Allocater" Leong Hup looks interesting at current price. LHI is trading at about half of QL's PE. It's profit margin is comparable, even slightly better than QL (poutry segment). of course, QL is more diversified hence more resilient as compared to LHI which is very sensitive to changing demand and supply dynamics.
15/07/2019 10:31 AM


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