Dear Fellow Investors of i3 Forum,
While all love chasing Hot Air Balloon Stocks Calvin think these 10 Top Oversold Stocks are worth buying:
1) WTK (82 sen) Intrinsic Value Rm2.80. Target Price Rm1.60
This bombed out Timber/Oil Palm Stock is now near all time low.
Family dispute, low timber/cpo prices impacted its prices. So WTK is totally oversold. Time to load up for these reasons. CPO prices now moving up. WTK selling at deep discount of NTA at over Rm2.80. Dr Neoh Soon Kean is also in Top 30 Share Holders of WTK. Other catalyst are a) Canada Softwood impacted by drought & fire. b)Tokyo Olympic 2020 will spur logs/plywood sale.
2) BJ CORP (32 Sen) Intrinsic Value Rm5.00. Target Price Rm2.50
TSVT has sold many companies and monetized its Assets like MagniTech, Atlan, BJ Auto & now disposing 20 million BJ Asset shares at peak prices. The white elephant Great Mall of China has been sold off. Something is brewing again. So time to load up.
3) MRCB (Rm1.19) Intrinsic Value Rm5.00. Target price: Rm2.80
Recent sell down was due to Capital being used to support Bukit Jalil Stadium. RI was the cause of the sell down. The sell down is overdone. Expect BN Govt to give some nice Big Jobs to compensate MRCB. These are possible Job Awards: ECER's Rm55 Billions Job, High Speed Rail, Bandar Malaysia, sale of EDL Highway to EPF or other Surprises?
So Expect A Coming Windfall. After all Top Holder of MRCB is EPF.
4) BONIA (55.5 sen) Intrinsic Value Rm1.50. Target Price : Rm1.20
While price has fallen to all time low INSIDERS IS BUYING & BUYING. After Padini - Bonia stand to do well in JPO sales to China Tourists. This one stock has fallen to bargain level
5) MEDIA PRIMA (75 Sen) Intrinsic Value Rm2.00. Target Price: Rm1.50
This is another oversold stock. Now just bought 70% of Rev Asia. Morgan Stanley is buying and buying & its rich Cash Hoard will continue to give good dividends.
6) CBIP (Rm1.98) Intrinsic Value Rm6.00. Target Price: Rm4.00
Totally oversold. INSIDERS once again started buying. This upturn of CPO Prices will be good for CBIP. Its Plantations in Indonesia is now maturing for a bountiful harvest. Of all Oil Palm Stocks CBIP has the highest double digit growth rate
7) MUI BHD (16.5 sen) Intrinsic Value Rm1.50. Taget Price is 80 Sen
Fallen to only 16.5 sen now. Mui Bhd was once the darling at Rm24.00 in the GoGo Years. Now totally Bombed Out & Lost 99%
Divorce settlement will unlock Assets Sale. Just take position while cheap!
8) PBA (Rm1.26) Intrinsic Value Rm3.00. Target Price: Rm2.00
Selling at Deep Discount to NTA. This Rock Solid Defensive Utility is a Tsunami Shelter. It Survived the 2007/8 Subprime sell down. And PBA with its increased water tariff in Penang will see better earnings. Thus higher dividends could be expected. Again Grand Master Champion Sifu Dr Neoh Soon Kean is also Top 30 Shareholders of PBA
9) OPCOM (57.5 Sen) Intrinsic Value Rm1.50. Target Price: Rm1.20
Totally oversold. OPCOM has 20 Sen CASH. Another Rm300 Millions Job Award when completed by May 2018 will see another 30 Sen profit from Telekom. So Insiders are Loading up. For what?
FOR A NICE POSSIBLE "SPECIAL DIVIDEND OF AT LEAST 20 SEN?"
10) EIG (Esthetic International) (90 Sen) Intrinsic Value Rm3.00. Target Price Rm2.00
This is a cornered stock Top 30 Shareholders already own 94.9% Shares of EIG. Only a tiny weeny 5.1% Shares left in Free Float in the Open Market. And Insiders still buying and buying. Why? EIG gross profit is as high as 60% to 80%. Just like Bonia's gross profit. Padini's only 40%.
So EIG is a candidate for privatisation like WangZheng or TheStore. Better buy some while most still in the dark
SO HERE IS IT! OR THERE YOU GO!!!
10 TOP STOCKS SOLD DOWN TO BARGAIN LEVELS AND VALUE HAVE EMERGED
YOURS TO ANOTHER 1 or 7 BAGGARS!
From Calvin Tan Research
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