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2014-07-22 20:45 | Report Abuse
Parker ! Low class citizen . At school u never learn properly the moral ! Respect is important before keep critize people ! If u really bravo ! I guarantee u tomorrow earn non stop cause u bravo take challenge with me , bought in Marco in huge volume . U cannot blame people when u not there to participated . I willing to admit your critize provided u really willing to challenge with me . Fair fight . I there guarantee when u there to participated only appropriate .not only me alone play the game ,u just wait and relax . Stupid and shame u .
2014-07-22 18:28 | Report Abuse
Today just leak energy by certain people ! Being down the sentiment ! Really waste !
2014-07-22 09:30 | Report Abuse
TRACE the frequency wave already . GENUINES .
2014-07-22 09:29 | Report Abuse
COMING . I feel it . TODAY CONFIRM WAVE . Totally WAVE . I shut down my pc now . HUNDRED PER CENT WAVE . ENERGY IS FULL and LEAK OUT . Inilah Kali lah . GOOD LUCK to u . See u .
2014-07-22 09:26 | Report Abuse
U CAN DO IT AND DO IT WELL . In side your heart ! important . ENERGY will did it .
2014-07-22 09:25 | Report Abuse
NICE DRAWING ALWAYS PUT HARD WORK . IMAGINE YOURSELF IS A ARTIST . OUTCOME will be FANTASTIC DONE .
2014-07-22 09:21 | Report Abuse
ONE SHORT PULL ! KEEP IN MIND . SUCCESS JUST AHEAD .
2014-07-22 09:20 | Report Abuse
Remember positive energy ! Shareholder . Practices it u feel proud .
2014-07-22 09:17 | Report Abuse
Accumulate shareholder energy now ! If hit the extra energy ! Heavy duty power will pull non stop the share price to across next level high ! Above 0.18 . Let us pray and accumulate more energy now . In order really across the resistant boundaries at 0.175 . Garmateh . One short pulls process like delivery baby . hard pull !
2014-07-22 09:09 | Report Abuse
Any moment is possible ! Radar trace the frequency already , just leak little big energy , hope shareholder pray and putting the extra energy to this stock , I think before u having morning tea break already burst ......... Non stop .........Inilah energy ....
2014-07-22 06:43 | Report Abuse
ENERGY and Psychology both event is IMPORTANT to enhance SHOOT .
2014-07-22 06:40 | Report Abuse
Some people will follow the market, change in time, and some people always believe in yourself, and does not adjust. Because human behavior is not fully [reason], therefore, sophisticated investors, in addition to mastering the market rules, but you still have to understand investors ' mental state, as well as their psychological weaknesses, so that at different stages of investment may differ to take different strategies of investment operation. "The United States has been doing a study like that, will have a background in psychology and economics background of Forex trader to compare results showed former operations performed significantly better than the latter. Investment activity is essentially a psychological game, is also a process of continuous improvement of human personality. Psychological conflicts of the smaller people, the likelihood of success.
2014-07-22 06:08 | Report Abuse
SAVAGE with your ENERGY ! MARCO SURE PERFORM !
2014-07-21 21:58 | Report Abuse
ENERGY MARCO .one new approach to achieve the positive adjustment in pricing , target pricing , focusing pricing .
2014-07-21 21:56 | Report Abuse
gravity will settle the out come of energy ! SUPPORT the stock with energy .
2014-07-21 21:54 | Report Abuse
magnetic energy will enhance the goal ! must be positive , not other way .important .........
2014-07-21 21:52 | Report Abuse
accumulate energy ! let the energy to pull the stock ! energy come from every way , enough energy will pull the stock to the right trend ! believe me .
2014-07-21 21:50 | Report Abuse
positive comment really help ! think about it ! energy
2014-07-21 21:48 | Report Abuse
Pls note, it is not necessary for you to have bought this counter for it to work. Just send positive message out. A simple one will do. Believe energy cannot be created or destroyed. What you are doing is changing the energy to positive!!
Also pls note positive thinking means you don't think of selling the shrs while focusing. Just think abundance, think a lot of everything for this counter and think a lot of money....
Good luck !!!
2014-07-21 06:09 | Report Abuse
FANTASTIC sound . GOOD luck to Your ....
2014-07-20 22:27 | Report Abuse
DEPARTURE FOREIGN FUND TOMORROW ! WORLDWIDE INSTITUTE INVESTOR PARTICIPATED ON TIME TOMORROW SESSION MORNING <WAVE IT TO ITS LEVEL , above 0.20 .ki ki
2014-07-20 22:24 | Report Abuse
BETTER LIFE , THINK MARCO .IMAGE DISPLAY ! FUTURE EXCELLENCE .
2014-07-20 22:22 | Report Abuse
MARCO BEING u BETTER living .LUXURY and HARMONY .
2014-07-20 22:20 | Report Abuse
0.20 NOT a DREAM is DOUBLE genuine .
2014-07-20 22:19 | Report Abuse
TRADE MARK RECOGNITION >MARCO TRADE .
2014-07-20 22:18 | Report Abuse
BURST IS COMPULSORY ! GENUINE .really the BULL RUN .
2014-07-20 22:17 | Report Abuse
Current P/E Ratio (ttm) 8.9005
Estimated P/E(12/2014) 8.5000
Relative P/E vs. FBMKLCI 0.5322
Earnings Per Share (MYR) (ttm) 0.0191
Est. EPS (MYR) (12/2014) 0.0200
Est. PEG Ratio -
Market Cap (M MYR) 179.23
Shares Outstanding (M) 1,054.31
30 Day Average Volume 5,420,250
Price/Book (mrq) 1.3359
Price/Sale (ttm) -
Dividend Indicated Gross Yield 4.71%
Cash Dividend (MYR) 0.0080
Dividend Ex-Date 02/11/2014
5 Year Dividend Growth 33.67%
Next Earnings Announcement 08/15/2014
2014-07-20 22:14 | Report Abuse
Tired of waiting
Well, looking at KLCI that move up higher and higher is a very tiring process especially when already sold out most of the stock in my portfolio. So I decided to buy in some hidden gems again. This time the stock is MARCO. http://www.marcoholdings.com.my
Marco Holdings Berhad is a Malaysia-based company engaged in investment holding and the provision of management services to its subsidiaries. The Company, through its subsidiaries, is engaged in the distribution of electronic calculators and timepiece including the brand of Casio, Catterpilar, Movado, Hush Puppies and Dunlop . Within 5 years from 2007, Marco's eps from 0.56 cent had rise to almost four times at 2.04cent in 2012.
MARCO's major operation can be divided into local market and regional market (thailand, singapore, vietnam, brunei, cambodia, myammar). In local market, it is further divided into timepiece division, calculator division and musical keyboard and digital camera division. In 2012, timepiece division's revenue covered 56%, calculator division covered16%, musical keyboard and digital camera division covered by 7% and regional market covered 21%.
Since Malaysia government started to distribute BRIM in 2012 to students from all level including primary, secondary and tertiary, this drived MARCO's calculator division revenue to rise 4.2million or 29% from 14.2million in 2011 to 18.6million in 2012. Although calculator division is only the third contributor,I believed Marco's Casio calculator has indispencible position in Malaysian education system. I personally have few of this and still usable until this days. I bet every Malaysian have one because it has become a neccessity in studying Mathematics in the secondary.
SWOT Analysis
Strength
1. Marco has operated since 1972 and 41 years of experience prove the company can go through any economy crisis.
2. Government every year provide book voucher and allowance for students to buy stationary and indirectly increase the purchase of calculators.
3. Casio calculator is well known for its quality and long lasting which increase its brand awareness.
4. The table for quarter financial result above shows a steady increase in EPS proving that the company is in the right track.
5. The dividend given in 2012 was 1.4 cent which equivalent to DY of 9% based on share price of 15 cent.
6. The company is cash rich with 5.6 cent per share equivalent to more than 30% of the share price.
7. Casio calculator is the main preference for all secondary and tertiary students.
8. Marco had achieved positive earning since 2002 and continue to increase in EPS according to http://klse.i3investor.com/servlets/stk/fin/3514.jsp
Weakness
1. Marco does not possess the monopoly in the market as consumer can get Casio from other suppliers.
2. There will be competitors for its watches since Marco only distribute few brands.
3. Marco's warrant will reach due date in 2014 and will sure dilute its EPS. Marco's share issued is 794,589,500 units, Marco's wa is 272,484,780 units. Let say all the WA is exercised and the total share unit will be 1,067,074,280. If company maintain the profit like 2012 which was RM14,872,000, then EPS will be RM14,872,000/1,067,074,280= RM0.139 which still make MARCO's PE around 10 now.
Opportunity
1. The number of students in Malaysia is the potential client for Marco's calculator.
Number of students in Malaysia
Boy Girl
Preschool 97,158 94,784
Primary 1,411,082 1,332,067
Secondary 1,134,792 1,144,378
Total 2,643,032 2,571,229
Total amount : 5,214,261
source :http://www.moe.gov.my/
2. Government had assure there will be BRIM for students annually increasing student's purchasing power.
Threat
1. Economy downturn decreasing sales of Marco's watches and calculators.
2. Government may not be able to continue BRIM for long term.
2014-07-20 22:12 | Report Abuse
Tired of waiting
Well, looking at KLCI that move up higher and higher is a very tiring process especially when already sold out most of the stock in my portfolio. So I decided to buy in some hidden gems again. This time the stock is MARCO. http://www.marcoholdings.com.my
Marco Holdings Berhad is a Malaysia-based company engaged in investment holding and the provision of management services to its subsidiaries. The Company, through its subsidiaries, is engaged in the distribution of electronic calculators and timepiece including the brand of Casio, Catterpilar, Movado, Hush Puppies and Dunlop . Within 5 years from 2007, Marco's eps from 0.56 cent had rise to almost four times at 2.04cent in 2012.
MARCO's major operation can be divided into local market and regional market (thailand, singapore, vietnam, brunei, cambodia, myammar). In local market, it is further divided into timepiece division, calculator division and musical keyboard and digital camera division. In 2012, timepiece division's revenue covered 56%, calculator division covered16%, musical keyboard and digital camera division covered by 7% and regional market covered 21%.
Since Malaysia government started to distribute BRIM in 2012 to students from all level including primary, secondary and tertiary, this drived MARCO's calculator division revenue to rise 4.2million or 29% from 14.2million in 2011 to 18.6million in 2012. Although calculator division is only the third contributor,I believed Marco's Casio calculator has indispencible position in Malaysian education system. I personally have few of this and still usable until this days. I bet every Malaysian have one because it has become a neccessity in studying Mathematics in the secondary.
SWOT Analysis
Strength
1. Marco has operated since 1972 and 41 years of experience prove the company can go through any economy crisis.
2. Government every year provide book voucher and allowance for students to buy stationary and indirectly increase the purchase of calculators.
3. Casio calculator is well known for its quality and long lasting which increase its brand awareness.
4. The table for quarter financial result above shows a steady increase in EPS proving that the company is in the right track.
5. The dividend given in 2012 was 1.4 cent which equivalent to DY of 9% based on share price of 15 cent.
6. The company is cash rich with 5.6 cent per share equivalent to more than 30% of the share price.
7. Casio calculator is the main preference for all secondary and tertiary students.
8. Marco had achieved positive earning since 2002 and continue to increase in EPS according to http://klse.i3investor.com/servlets/stk/fin/3514.jsp
Weakness
1. Marco does not possess the monopoly in the market as consumer can get Casio from other suppliers.
2. There will be competitors for its watches since Marco only distribute few brands.
3. Marco's warrant will reach due date in 2014 and will sure dilute its EPS. Marco's share issued is 794,589,500 units, Marco's wa is 272,484,780 units. Let say all the WA is exercised and the total share unit will be 1,067,074,280. If company maintain the profit like 2012 which was RM14,872,000, then EPS will be RM14,872,000/1,067,074,280= RM0.139 which still make Opportunity
1. The number of students in Malaysia is the potential client for Marco's calculator.
Number of students in Malaysia
Boy Girl
Preschool 97,158 94,784
Primary 1,411,082 1,332,067
Secondary 1,134,792 1,144,378
Total 2,643,032 2,571,229
Total amount : 5,214,261
source :http://www.moe.gov.my/
2014-07-20 22:07 | Report Abuse
Partner Networking
In line with Marco's corporate culture which encourages partner networking, Marco has extended its reach to a new horizon. Marco has its affiliated timepiece retail chain network,namely Time Galerie. Time Galerie was awarded the largest timepiece retail chain in Malaysia by the Malaysian Book of Records.
Beyond Malaysia, Marco has spread its network wings to the ASEAN region. To date, Marco has established the partner network and offices in Singapore, Thailand, Vietnam, Cambodia.
Marketing Driven Organization
Sound marketing is the very instrument that enables Marco to maintain its pole position.
We are conscious of the ever-changing nature of marketing patterns and techniques, and while updating our marketing programs and public-oriented strategies we set strategic partnerships along the way.
Familiar with the industrial and consumer milieu, we carefully plan every aspect of our marketing strategy, from positioning to sponsorship, distribution channels, trade shows and events, nothing is left to uncertainty. Naturally, given Marco team, its aptitudes and intimate understanding of marketing and customer needs.
Management Information System
In order to achieve operation excellence, Marco capitalizes on its state of the art Management Information System.
Information and data are available and accessible anytime for business reporting, decision making and business planning.
Marco implemented the Enterprise Resource Planning System (ERP) in its Malaysia operation system. ERP is an online ordering system, which provides the trade a speedy order fulfillment advantage.
Talent Development
Marco strongly believes in investing in its people. Employee development is a critical success factor in achieving Marco's vision.
Marco constantly develops its talents through the latest skill development programs. Contemporary business thinking, personal development skills to environmental consciousness have always been Marco's focuses in developing its talents.
This is one of the driving forces that have contributed to the success of Marco.
2014-07-20 21:42 | Report Abuse
Marco is legend last century fighter ! Never give up and consistent do their duty in order archive the new revolution task . Garmateh .
2014-07-20 21:26 | Report Abuse
Marco equal my blood ! My money ! Understand .
2014-07-20 19:53 | Report Abuse
give high hope ! OUR REAL DREAM .
2014-07-20 11:49 | Report Abuse
Marco may rally after the firmer close yesterday. Traders may buy the stock if it stays above MYR0.175 today, with a close below MYR0.17 as a stop-loss. The price target is MYR0.23, if the MYR0.20 resistance is broken. However, note that the stock could trend lower if it fails to stay above MYR0.175, while further support is at MYR0.165.
Source: RHB 17/07/14 CBC analysis .
2014-07-20 11:45 | Report Abuse
Increasing brand awareness. To further increase Casio watches’ brand awareness, MARC has embarked on a partnership with one of its major customers, Time Galerie (M) SB, to develop the G-Factory concept store, which only carries premium and limited edition Casio timepieces. Currently there are 10 G-Factory stores nationwide.The outlets are sited in premier shopping malls at high foot traffic locations. Based on our experience of visiting three out of the 10, we noted that the outlets had a very modern interior layout and an eye-catching exterior. Reflective of their strategic locations, we believe these concept stores are targeted mostly at the younger and fashion conscious demographics, as well as the growing upper-middle class consumer segment.
2014-07-20 11:43 | Report Abuse
The Best Of Times
Brief history. MARC is the exclusive distributor of Casio timepieces, calculators, electronic musical instruments and digital still cameras in Malaysia. The partnership first started in the 1970s when the company was established. As of today, MARC distributes Casio’s products to over 800 customers in Malaysia. Casio-related sales made up >90% of 2012 sales.
Management team. MARC was listed on Bursa Malaysia in 1999 when it took over the listing status of Khong Guan via a backdoor listing. Operations are currently led by Siau Hock Cheng and Wong Hock Yim. Both are executive directors of the company and have been with MARC for over 10 years. Its largest shareholder, Tan Sri Dato’ Tan Hua Choon (24.4% stake), sits on the company’s board as a nonexecutive chairman. Tan Sri Tan is a fairly well-known entrepreneur with several reported holdings in listed companies like Goh Ban Huat (GBH MK, NR), FCW (FCW MK, NR), and PDZ (PDZ MK, NR).Mass market pricing. The jewel in the crown of MARC’s operation is its distribution of Casio timepieces, which made up >60% of the company’s sales in FY12. Among the well-known brands of Casio timepieces that the group distributes are the GShock, Baby-G and Edifice series. Based on our on-the-ground survey, Casio watches carry a MYR50-MYR2,000 per piece price range, with the latter price point
representative of some of its limited edition timepieces . Judging from the pricing, we believe Casio watches are mainly catered for the mass to middle-upper income markets.
Sunset industry? Not quite. While some may argue that the watch industry could soon be a sunset industry, given the increasing prevalence of smart phones, we foresee a relatively stable demand growth for Casio watches. W e like the brand’s three-pronged approach of:
i. being a must-have fashionable item for the youth market on its Baby-G series, which are typically priced at MYR150-MYR350 per piece;
2014-07-20 11:39 | Report Abuse
MARC is the exclusive Casio consumer electronic products distributor in Malaysia with an established distribution network of >800 customers.Backed by steady 5.5-6.7% annual earnings growth and sturdy balance sheet (Sept 2013: 3.7 sen net cash/share), it offers an attractive annual dividend yield of 9.2-10.2%. MARC is NOT RATED, with a fully diluted MYR0.22 FV. We ascribe a 10x FY14F P/E to value its core business.
Timepiece distributor. MARC has been the exclusive distributor of Casio timepieces since 1972, with established series such as G-Shock, Baby-G and Edifice under its umbrella. Over the past 2-3 years, the group started carrying timepieces from other brands to diversify its offerings. These include Caterpillar, Movado, Hush Puppies and Dunlop. We estimate the timepiece division as a whole currently makes up >70% of MARC’s topline, of which a significant 80-90% is contributed by Casio watches. The remaining 30% of its revenue is mainly sourced from its distribution of Casio Computer Co Ltd (6952 JP, NR) consumer electronic products like calculators, musical instruments, label printers and digital cameras.
Management team. MARC’s operations are currently led by Mr Siau Hock Cheng and Mr Wong Hock Yim. Both are executive directors of the company and have been with MARC for >10 years. Its largest shareholder, Tan Sri Dato’ Tan Hua Choon (24.4% stake), sits on its board as a non-executive chairman.
Attractive dividend play. We are forecasting MARC’s FY14F-16F earnings to register reasonable growth of 5.5-6.7% per annum, led by its timepiece division, as we expect continued innovation and creativity under Casio’s G-Shock, Baby-G and Edifice series to propel sales. We note that management has declared a hefty YTD DPS of 2.4 sen (which translates into a YTD payout ratio of 150%), given its healthy net cash balance of MYR39.4m as at 3Q13. Going forward, we are forecasting for DPS of 1.5-1.6 sen for FY14F-FY16F, based on a projected payout ratio of 90%. This is in view of its sturdy balance sheet, coupled with potential cash infusion of MYR26m from the conversion of its outstanding warrants. This will translate into a lucrative yield of 8.6-9.6% per annum.
2014-07-20 11:32 | Report Abuse
STAND UP ! life is like road block , we challenge it and one by one we across it . Life only meaningful .
2014-07-20 11:26 | Report Abuse
The greatest glory in living lies not in never falling, but in rising every time you fall." – Nelson Mandela, Former President of South Africa
「生命的最棒的榮耀不在於永遠都不曾失敗,而是在於每次我們失敗後再站起來。」— 曼德拉 , MARCO WILLING TO TRY AND NEVER GIVE UP , CONSISTENT TO TRY UNTIL ARCHIVE THE GOLDEN TASK . VERSION 0.20 is compulsory and necessary .
2014-07-19 22:04 | Report Abuse
Those inggeris educated , pls use google translate to understand ! appreciated ! u will realize me better , u definitely support me end of my initiative to enhance the Dream Goal .MARCO DREAM >
2014-07-19 21:51 | Report Abuse
人生有夢,築夢踏實」每個人都有屬於自己的夢想,而支持著這些夢想的動力來便是''堅持'',唯有堅持自己的信念,才有實現夢想的可能,但在動盪不安的大環境下,堅持往往會受到名利等事物的影響,這時,應冷靜下來好好思考「自己真正的夢想、真正想要的是什麼」,之後確立目標,訂定計畫,奮不顧身地往自己的夢想努力。不必擔心夢想落空,只要確定自己的決定與選擇是對的,因為至少曾經自己的夢想努力過,這就足以證明自己的成長及毅力,這種成長是最值得、也最難能可貴的。 MARCO DREAM .
2014-07-19 18:35 | Report Abuse
sure future prefect life ! ugorkim ,mak kor
2014-07-19 18:26 | Report Abuse
give a life ! support us ! hows life .
2014-07-19 18:21 | Report Abuse
privatise is impossible ! concerning big align the business prospect is true and due with . any way positive movement ! healthy and under progress !
2014-07-19 18:04 | Report Abuse
ugorkim really changed ! now day little condemn ,like ho kaur kan...last condemn is cos lost patient waiting , but i realize that he is the gentle guy , after go through realise me in term of the crowded content with the supporting document i putting in this forum .hard work ! , meanwhile i think ugorkim temporary satisfy the answer / home work did my me . ki ki
Stock: [MARCO]: MARCO HOLDINGS BHD
2014-07-22 21:39 | Report Abuse
JUSTIN NGO REALLY TOP ANALYST cos (SMALLCAP KING)ROBERT TAN doing some things big at MARCO . PROJECT ! garmateh .