Un Tong

100003370532218 | Joined since 2013-12-27

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Watchlist

2016-12-30 22:18 | Report Abuse

Congrats up down!
It came to my surprise REXIT is one of your pick! It is like small myEG among general insurance players. Kind of monopoly and it should do well in coming years due to motor detariffication.

Congrats again!

Stock

2016-12-01 22:34 | Report Abuse

alot construction player die hard want to venture into recurring income business, mostly power sale and toll concessionaire or mall management, look at gadang/bina puri etc, they trying hard to increase their recurring income from these business, to cushion the construction cyclical nature, their recurring income business still very small, mudajaya just transformed much earlier than those players, and suffer the pain of transformation earlier

Stock

2016-12-01 22:31 | Report Abuse

Anything below 500M market cap is no brainer buy. 40-70M recurring income for 20 years, get me another investment that is better than this.

look at the size of the power sale for mudajaya vs other smaller power player
360MW x 4 is no joke
coal power is still one of the cheapest power generation, much better than solar power at the moment.

Stock

2016-11-19 15:19 | Report Abuse

receivables fully collected, so more cash but it was from historical business

News & Blogs

2016-11-18 01:04 | Report Abuse

Calvin just stating the obvious to AA holders..
AA has huge USD denominated debt, high USD is BAD for AA
AA has high foreign shareholding (about 45%), foreign fund leaving is BAD for AA
as simple as that.. dont bother to do maths~

News & Blogs

2016-10-25 00:26 | Report Abuse

buy cyclical stock when PE ratio is high, sell when its PE ratio is low

Stock

2016-10-13 13:30 | Report Abuse

@HighRiskInvestor
my view is investing is taking care of downside before look for upside potential, but when you taking extra risk, make sure you are rewarded with very high returns
for Bpuri, from their historical profit (2006 until now), there are not many quarters that fell into big losses although their profit margin is thinner and thinner, i think due to two reasons:
1) lesser profit attributable to shareholders due to more payout to minority shareholders
2) higher financing cost
are these issue addressable?
1) they can up their stake in their holdings companies, like what KESM did
2) reduce their gearing, do PP, listing on Indonesia exchange for their power supply in indonesia, sell land, sell building etc

i will not overly worried about low profit margin by them as i think it is not smart when government is your client, you dont want to earn high profit margin from government, not to mention more under public scrutiny.
But why still do business with goverment? you may get concessionaire, land, right to develop things in prime area, business opportutinities etc, but these rewards may not immediate and may only surface after many years.

of course the risk is huge too, high gearing, potential cost overrun. so the return required is very high. so if not for the potential court award of up to RM900+ mil i will wait and see too

just sharing. high return always associated with highest risk especially with government related companies.

Stock

2016-10-11 00:53 | Report Abuse

i think bpuri is bad fundamentally, but i still buy as it is pretty straightforward for a firm with just 100m+ market cap can have all these
1) approximately RM2 billion construction work in hand "which is expected to provide a steady stream of revenue for the Group over the next three (3) years"
2) Property development project "an estimated projected
gross development value of RM3 billion. The above is expected to contribute a better profit margin for the Group in comparison to the construction business segment of the Group."
3) improving recurring income from power supply (0.8m > 2.7m in latest quarter report)
4) private placement above market price, remember when airasia was RM1.40 Tony do PP at RM1.60? the difference is bpuri director use their own money, but Tony is waiting for special dividend from sale of leasing arm
5) potential court award on claim from NHA approx RM950mil
"The hearing proceeded on 29 January 2016 and further fixed for continue hearing on 26 February 2016.
Cross-examination of our witnesses was concluded on 2 April 2016. The arbitration proceedings is
completed, pending parties to submit their transcripts and written arguments before award to be delivered
by the Arbitrator."
"Based on facts of the case, BPPPL’s Pakistan lawyer is of the opinion that BPPPL has a strong case with
a reasonable likelihood of success upon conclusion of arbitration proceedings leading to an award in
BPPPL’s favour."

but dont all in la.. malaysia government maybe too poor to pay all the projects worked on by bpuri =)

Stock

2016-09-28 14:44 | Report Abuse

90% of outstanding shares not owned by them, not 90% of total shares

Stock

2016-08-14 17:23 | Report Abuse

what is your guys opinion on piece of land he bought recently in seremban?

News & Blogs

2016-04-11 15:19 | Report Abuse

author got his point too. Dividend not distributed as cash is not really a dividend per se, its nature sound more like a "retained earnings"

Stock

2016-04-11 13:32 | Report Abuse

and out of 7 cents for the biz, eps at 5 cents =D

Stock

2016-04-08 10:14 | Report Abuse

unless you go approve their director fees payout in the agm without looking at the amount.

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2016-04-06 11:05 | Report Abuse

bought some at 0.38..
backed by almost 30 sen cash per share.. even profit drop 50% PE still less than 15
what else to scared

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2016-03-11 21:52 | Report Abuse

just few more months to power plant COD announcement dont want to wait?
not to mention on going tender of malaysia construction book

Stock

2016-02-26 10:01 | Report Abuse

pay RM1 per share and convert it into mother share

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2016-01-18 11:16 | Report Abuse

i am not staff even i am staff i wont disclose the insider news.. it is not ethical ok...
i just notice that everytime the announcement made on project won, mudajaya already rise day or days before.. look at the recent pengerang project won recently and the price movement..
it is just logical reasoning for the story behind price hike.

for the power plant most issue already settled i believe,
environmental issue - solved
infrastructure nearby power plant - not sure
coal supply - solved
financing - with the help of Modi gov, solved
biz viability - look at the coal price now vs 5 years ago, and india is benefiting from low oil price as country net import of oil, gov should be able to pay for the power purchased :)
regulatory - power is a necessity to grow economy, i think they have no choice but to build more power plant. dont be surprise if mudajaya managed to win more power plant project there...hehehe
last hurdle is the technical issue - i dont know about this.. hope they solved it asap la!

Stock

2016-01-15 15:04 | Report Abuse

perhaps some staff from Prolintas is buying..

Stock

2016-01-11 23:38 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/01/11/seacera-prequalified-for-dash-and-suke-highway-projects/

i think the recent hike in price has something to do with prequalifying process for DUKE and SUKE highways tender

Stock

2016-01-11 11:03 | Report Abuse

what you smell loan_shark?

Stock

2016-01-08 13:52 | Report Abuse

Today market cap 728mil.
retained earning as at Dec 2014 = 798 mil
RKM recurring profit for 25 years = 60-80 mil/year
RKM unrealised one off profit = 200mil+
growth potential coming from SUKE,DASH, power plant projects 3A... worth over billions order size
300% upsize or RM5-RM6 TP is definitely achieveable :)

Stock

2015-06-08 17:12 | Report Abuse

& aircraft disposal also shown too, it is a loss in Q1 2015. the cash only come in Q2 2015

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2014-08-27 11:58 | Report Abuse

share buyback also cant help dy...

Stock

2014-08-21 14:21 | Report Abuse

net cash from operating activities**

Stock

2014-08-21 14:19 | Report Abuse

i think the key reason is this quarter is having -ve cash flow from operation, thats very scary. No cash means no money to service debt/loan although AA still have cash balance of 1.2-1.3bil.

Stock

2014-08-12 14:57 | Report Abuse

TP - 2.80 (2014), 2.60 (2015), 2.80 (2016)...hahaha

Stock

2014-07-30 14:59 | Report Abuse

india gain profit at least 2 years..lol
just like indonesia gain profit > 1 year

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2014-07-22 12:17 | Report Abuse

no idea why recently mudajaya has alot of weird acquisition

Stock

2014-05-20 20:54 | Report Abuse

but net operating profit drop 23%, not really a good result

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2014-04-26 21:04 | Report Abuse

"for the past few years mudajaya was really really in the shit hole"
AhMoi, mind sharing more what kind of shit they got in past?

Stock

2014-04-20 01:44 | Report Abuse

why? i dont think so. USD will keep appreciate against RM given FED signal to raise interest rate. means bad for airasia with huge USD deno debt

Stock

2014-03-14 15:15 | Report Abuse

becox many Asia airline thought they can be Rynair airline oneday~

Stock

2014-01-23 20:57 | Report Abuse

no.. ppl hold back because of USD appreciation against RM..3.3 now...

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2014-01-23 20:32 | Report Abuse

how about RM4.20 by end of year..lol

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2014-01-18 11:37 | Report Abuse

among 3 billion people in Asia, 1.3 billion from China, 1.2 billion from India
overcapacity issue needs to be solved near term by klia2, long term from India market.
so Airasia live or death will depend largely from the progress of these two event