for Q2/Q3'17 , capacity utilization is below 50% as Oven 4 & Oven 5 only kicked start during end of Q3'17.

Huaan... with 1.8 million tonnes capacity and strong coke price (CNY2600), production profit can hit RM200mil / EPS 18 cts per year. (if coke price can sustain at CNY1900).

If coke price can sustain at CNY2600 ), then the likely result will be RM360 Mil Per Year (EPS 36 Cts Per Year )or RM90mil Per Qtr (EPS 8 cts per Qtr) .

At P/E 5 times, the fair price should be 90 cts to RM1.80

This is the best stock under 50 cts category.
Good Luck to all Huaan's investors.

Good one..

yes... your figures is quite close to mine..

Factors you should consider to buy during pull back or Panicking Selling:-

1) Q4 Crack Spread higher than Q3 level ( Profit Margin Increase ),
2) Oil price Higher than Q3 ( Profit Margin Increase + Inventory Gains ),
3) Malaysia Ringgit is Stronger ( Selling Price in MYR, Profit Higher, Loan in USD, Forex Gains)
4) Market is generally Bullish ( Favor Higher Valuation)
5) Price at P/E below 8 times, reasonably priced.
6) ANY BAD NEWS that affect HENGYUAN FUNDAMENTAL = NO
7) Considering the above Factors, do you think Q4 Profit is higher than Q3'17, If yes = Buy more.
8) World refinery companies stocks prices, is it in 52W high. If yes, HengYuan should follow the trend.
9) From day peak of RM19.20 to day low of RM15.94, do you think correction overdone caused by panicking selling? If yes = Buy.

Basing the above factor, I will buy Hengyuan as I believe Hengyuan should register higher profit in Q4 than Q3. And, I strongly believe Hengyuan's share price will go above RM20.00 within first half of January 2018 due to limited free float in market.

Good luck and Happy New Year.

Agree with Windcloud.
Qtr 4 Profit Projection : If with PPE write back of RM152mil ( Written off in Q4' 2016) + production profit (conservatively, RM50mil to RM60mil) , the profit can be very high... maybe around RM200 million or EPS of 17.8 cents.

By February possible to hit 80 cts.

Why HengYuan is worth minimum RM37.00 and more?
Author: 360Capitalist | Publish date: Wed, 16 Aug 2017, 11:23 AM

A) Out of 1863 Companies listed in Bursa Malaysia, only 4 companies is able to make minimum Earning Per Share (EPS) RM2.00.

Name Price P/E

PANAMY 37.10 17.73

DLADY 59.00 25.67

NESTLE 84.10 30.49

BAT 44.28 16.42

HengYuan ? ?

Note :-

Ajinomoto is not include in the list due to one off gain event via land disposal.



B) So far, no company in Bursa Malaysia is reporting EPS RM3.00 per annum.

Heng Yuan has high possibility to report EPS RM3.00 per annum as strong crack spreads will drive profitability in refinery business. (Crack Spread for Mogas USD4.00 jumps to USD12.00 per barrel for August, Heng Yuan's daily capacity is 120K-156 barrels, huge additional profit while crude oil cost remains low)



Fair Valuation :-

HengYuan will be the next Super Star with higest EPS earner in Bursa Malaysia.

1) Based on minimum EPS RM2.00 per share, the lowest share price quoted in Bursa Malaysia is PANAMY at RM37.10.

2) Minimum EPS RM2.00, lowest P/E Ratio is 16 times which is 7 to 8 times higher than Heng Yuan's P/E less than 3 times.

3) If based on EPS and P/E ratio, the fair price for company EPS at RM3.00 at 16 times should be RM48.00

4) Heng Yuan's high gearing concerns is not an issue as majority is in liquidity form to fund the working capital (inventory) of the business. If the business is able to generate profit of RM 600 mil to RM900 mil, it should be debt free within two years period and cash cow from third year onwards.

5) Dividend pay-out is just a matter of time.

6) Corporate exercise like bonus issue is possible to boost liquidity in market.


HOLD TIGHT and SEE YOU AT RM37.00+++

http://klse.i3investor.com/blogs/Bursa%20Darling/130093.jsp

Coke prices hit new high today...

http://www.52steel.com/market/2017-12-27/cff4bb80-2016-4042-81f7-c6252aad99b9.html

Major China coking companies share prices up on positive coke prices.. This is a very good indicator for us to ride along

Now premium coke prices traded at CNY 2500 per MT as compared to CNY600 per MT during early 2016. So, we should see good profit margin for Q4' 2017..

2018.. TP.. 90 cts

The near term prospects in 2018 should be very bright,, Huaan has great possibilities to achieve Earning Per Share in the range of 16 cents to 28 cents .... Full year basis... EPS per quarter 4cts to 7 cts,,, FYI, Q2 and Q3' 2017 revenue and profit of 210,000 MT is based on less than 50% capacity utilization.

Huaan has 450,000 MT capacity per quarter.

1) We should start to see `Oven 4` contributions start from Q4 results.
2) Revenue and profit in Q4 should be higher than Q3 based on Q3 Notes in the financial report that increase in production volumes and also inventory level. In Q3, revenue is based on 210,000MT and Q4 should be able to achieve 300,000 MT.
3) The near term prospects in 2018 should be very bright,, Huaan has great possibilities to achieve Earning Per Share in the range of 16 cents to 28 cents if we include volume increase from Oven 4. Good luck and Happy New Year.

Huaan.. The Penny Superstar in 2018

yes... if can cross 35, the next target will be 49 cents..

Hopefully HY announces bonus issue ....

My Target RM37.00 within 36 months.
Heng Yuan just announced the quarterly earning with EPS RM 1.20 yesterday.
In fact when I said, HengYuan has capability of making EPS RM3.00 this year not many people believe including OTB.

With yesterday announcement, HengYuan is ranked among the Top 5 Best Stocks listed in Bursa Malaysia with EPS above RM2.00. Anyone can challenge, argue and comments in whatever manners they would like to, but time will tell the true value of this super undervalued stock.

...................................................................................................................................................
Read my appended posting on Aug 16, 2017..
...............................................................................................................................................


Why HengYuan is worth minimum RM37.00 and more?
Author: 360Capitalist | Publish date: Wed, 16 Aug 2017, 11:23 AM

A) Out of 1863 Companies listed in Bursa Malaysia, only 4 companies is able to make minimum Earning Per Share (EPS) RM2.00.

Name Price P/E

PANAMY 37.10 17.73

DLADY 59.00 25.67

NESTLE 84.10 30.49

BAT 44.28 16.42

HengYuan ? ?

Note :-

Ajinomoto is not include in the list due to one off gain event via land disposal.


B) So far, no company in Bursa Malaysia is reporting EPS RM3.00 per annum.

Heng Yuan has high possibility to report EPS RM3.00 per annum as strong crack spreads will drive profitability in refinery business. (Crack Spread for Mogas USD4.00 jumps to USD12.00 per barrel for August, Heng Yuan's daily capacity is 120K-156 barrels, huge additional profit while crude oil cost remains low)


Fair Valuation :-

HengYuan will be the next Super Star with higest EPS earner in Bursa Malaysia.

1) Based on minimum EPS RM2.00 per share, the lowest share price quoted in Bursa Malaysia is PANAMY at RM37.10.

2) Minimum EPS RM2.00, lowest P/E Ratio is 16 times which is 7 to 8 times higher than Heng Yuan's P/E less than 3 times.

3) If based on EPS and P/E ratio, the fair price for company EPS at RM3.00 at 16 times should be RM48.00

4) Heng Yuan's high gearing concerns is not an issue as majority is in liquidity form to fund the working capital (inventory) of the business. If the business is able to generate profit of RM 600 mil to RM900 mil, it should be debt free within two years period and cash cow from third year onwards.

5) Dividend pay-out is just a matter of time.

6) Corporate exercise like bonus issue is possible to boost liquidity in market.


HOLD TIGHT and SEE YOU AT RM37.00+++

EPS for 9 months at RM2.40, with strongest EPS recorded in Q3 at RM1.20. It is possible to achieve RM3.00 for 12 months. My target price of RM 37.00 is reasonable and possible to achieve within 36 monthsif EPS can sustain.

Heng Yuan : Investors should take long term view 18 months to 36 Months, Huge Upside Potential
Author: 360Capitalist | Publish date: Thu, 17 Aug 2017, 12:12 PM

Be patient, I didnt say overnight HengYuan's share price can reach RM37.00.

I agree. The key question is profit sustainability. The target price is set based on holding period of 18 to 36 months.
At price below RM8.00, it is very safe to hold on with huge margin of safety.

The track record after Heng Yuan took over the ownership is very impressive, due to management taking the right approach to sustain the earnings of the company with solid Gross Refinery Margin:-

Q4'16.. NTA 3.37, Profit RM207 mil, EPS 69.27
Q1'17.. NTA 4.25, Profit RM279 mil, EPS 93.16

Note:-
Same case for Petron Malaysia after the changed of ownership from Esso to Petron, the profit jumped.

Refinery Business Model and Change of Ownership ???
Many us us not really understand Refinery Business for the case of Shell (Heng Yuan ) and Esso ( PetronM). I believe this is due to complexity of business involving tax, investment allowance, and transfer pricing ( Buyer and Seller, same related party) and volatility of commodities price..

SHELL MAJOR PROBLEM 2011-2014 .. Not Allow to Hedge
Shell is not allow to hedge using market instruments.
For Shell, it had expected to sell Shell Malaysia. A former report showed that Shell Malaysia had a continuous deficit from 2011 to 2014, which even reached a deficit of 2.079 billion Yuan in 2014. After continuous deficit, Shell Malaysia was planning to sell its refining business in Malaysia or transform its refining business terminal into import, export and storage terminal. Chairman Luo Yuan of Shell Malaysia once revealed his idea to sell it in July, 2014.

We had also noticed such a problem. The international petroleum market was quite depressed in 2014. The company started a new project of 1.1 billion Yuan.( Besides, limited by regulations, Shell Malaysia could not make hedging, which expanded the deficit, said Wang Youde.) He still focused on the significance of “overseas export of domestic petroleum products, since Shell had realized a profit of over 90 million USD in the first three quarters last year.

http://www.hyshjt.com/English/ShowArticle.aspx?id=362

Forward Looking
1. Earning Capability
If you take longer perspective view, let say for another 6 quarters, very likely Heng Yuan can achieve EPS 50 cents per quarter. For the last 2 quarters, the EPS was 69 cents and 93 cents, which is in average 81 cents per quarter and much higher than what we are projecting at 50 cents. It is quite realistic and achievable.

2. Moat of Business
Malaysia has 3 refinery players, namely Petronas, PetronM and Heng Yuan.
That is always shortage of supply and the barrier of entry is high with huge capex investments. ( For example, Petronas new refinery in Pengerang cost RM20Billion for 300,000 bpd.) With China owner backing, Heng Yuan can always sell its products to China mass market.

3. Crack Spreads Rally and Gross Refinery Margin
The recent crack spreads rally is mainly due to low crude oil proce and under investments in refinery facilities since 2014. Supply cannot cope with demands due to huge jump on industrial and fuel oil consumption. The under investment were mainly caused by depressing O&G market and business outlook with more electric cars target to hit mass market after 2020. This had caused many big O&G companies to slashed the investment and capex expenditures since 2014.

With strong crack spreads in decade, Asia's Gross Refinery Margin is expected to improve the profit margin of refinery business.

Just imaging crack spread from USD4.50 per barrels average in Q4'16 to current USD12.50 per barrels in August '17. With 120,000 to 156,000 refinery capacity per day, it is not surprising to see huge jump in Heng Yuan's profit and EPS in Q3'17, double or triple jump ???

(Note : Management can always use hedging instruments to sustain its profit and market risks)

The BIG factor to look at valuation for VS and SKP is Capacity Expansion which has been ignored by KC Chong by purely look at historical data.

good news coming...

The bulk conversion of warrants will create cash flow to VS to reduce bank borrowings. By 2019, VS will be net cash company, this will boost its ability to pay dividend,

sooner.. we will see analysts come out with higher TP above RM4.00-4.50 when profit for Q1'18 beat analyst estimates. We should see further upgrade 5.00-6.00 when VS formalise the new contracts with clients for second half of 2018.

The current box build capacity is 6 lines and another 12 lines is being planned, so altogether VS will has 18 Box Build VI lines by second half of 2018. The new lines will come into optimum stage by second half of 2019. Based on lines capacity it is additional 200% new capacity. So, we should see huge jump in revenue from RM1 Billion per quarter to RM3 Billion quarter ranges. By 2019, the earning should be able to hit RM450 to 500 million (5% net margin) based on simple mathematics calculation. It is not surprise to see VS's share price moving towards RM6.00-9.00 range by 2019.

By 2019-2020, VS will be RM10 Billion market capitalization company.
Good luck to all..

AllianceDBS Research

Summary of Daily Focus 17/10/17

SKP RESOURCES (7155) - BUY / TP RM2.50
- Joining the global stage
· Rising institutional investor's interest to re-rate stock due to strong earnings growth
· Benefiting from government initiatives to help export-based manufacturing companies on foreign labour policies

VS INDUSTRY (6963) - BUY / TP RM3.80
- Set for international stage
· High earnings growth momentum with rising foreign investor's interest have re-rated stock
· Support from government will back progress in securing export-based contracts from new and existing customers


Source: - AllianceDBS Research.Please refer to full report for details

Please do not try to predict and speculate the price. VS will continue spectacular performance with growing top and bottom lines into 2018, 2019 and 2020. Any correction will be short-lived and provide good opportunity for accumulations.

http://www.thestar.com.my/business/business-news/2016/03/22/vs-industry-takes-12pc-stake-in-london-listed-technology-firm/

Breaking News, will VS poise to further upgrade with new target price by analyst soon ?

Seeing Machines technology bolsters safety in GM 2018 Cadillac CT6 Super Cruise system

10 October 2017

Seeing Machines (AIM: SEE), an industry leader in computer vision based technologies which enable machines to see, understand and assist people, announces the automotive production debut of its FOVIO driver monitoring technology in the 2018 Cadillac CT6. The FOVIO based driver monitoring system (DMS) forms an integral part of General Motors’ industry leading Super Cruise hands-free driving system for the highway, ensuring safe and confident vehicle operation.

Overcoming the challenges of reliable driver monitoring is critical in hands-free driving systems to address the need for keeping drivers engaged and prepared to re-take control of the vehicle when required. The Cadillac Super Cruise system uses FOVIO vision technology, developed by Seeing Machines, to enable a gumdrop-sized infrared camera on the steering wheel column to accurately determine the driver’s attention state. This is accomplished through a precise measure of head orientation and eyelid movements under a full range of daytime and night-time driving conditions including the use of sunglasses. If the driver looks away from the road or closes their eyes for more than a few seconds, a light bar integrated into the steering wheel will flash to guide the driver’s attention back to the road. If the system determines that the driver is continuing to ignore
the road, intentionally or otherwise, a series of escalating visual, audible, seat vibration alerts are employed. This is followed, eventually, by an automatic safe stop of the vehicle if the driver does not, or cannot, return their attention to the road.

The launch of Super Cruise marks the beginning of Seeing Machines mass deployment of DMS technology in the automotive industry. This is coincident with the company’s ongoing work with a growing range of OEM and Tier 1 partners, as demand increases for the FOVIO DMS platform and processor in support of semi-autonomous driving, driver safety, comfort, and convenience applications.

Mike McAuliffe, Seeing Machines CEO commented: “The Seeing Machines team has worked very hard on this breakthrough DMS technology for a number of years and is proud to have helped GM bring to market the world’s first hands-free driving system for the highway, with the Cadillac CT6 Super Cruise. We look forward to continuing our GM partnership as we continue to advance the development and integration of our DMS technology to complement GM’s leadership in autonomous driving systems going forward.”

Looking at the accumulation by fund houses,,, we should expect further good news to entice further upgrade by analysts

Totally agree with KC Chong

http://www.theedgemarkets.com/article/new-timber-concession-game-changer-%E2%80%94-priceworth

If PWorth can achive RM100 mil profit in FY2018, it should be worth at least 80 cents.
Must have patient to hold

Analysts will upgrade TP once company announce new major contracts for VSIHK and Malaysia. I believe this will happen before bonus issue ex-price (If bonus issue coming).

Tomorrow big gap down

many investors took profit before quarterly announcement..

Stronger earnings growth momentum for VS Industry
TheStarThu, Sep 28, 2017 - 5 hours ago


KUALA LUMPUR: Maybank IB Research expects even stronger earnings growth momentum for VS Industry Bhd as the latter beat expectations at 110% of its and consensus forecasts.

"Coming quarters, we expect even stronger earnings growth momentum, driven by much larger orders at its box-build segment as its key client roll out new products in FY18. On that, we lift FY18/FY19 earnings forecasts by 14%/22%, TP to MYR3.18 (+14%), pegged to unchanged 17.5x CY18 FD EPS (in line with peers),
" it said in its research note on Thursday.

Fourth quarter FY2017 headline net profit included negative one-offs, mainly on impairments in its Indonesian properties and its stake in Seeing Machines.

"Ex- one-offs, 4QFY17 core earnings was sequentially higher (+5% QoQ); we believe that VSI has yet to showcase its true earnings potential, especially for the Malaysian ops.

"There was a one-time blip in 4QFY17 PBT for the Malaysian ops (-29% QoQ) despite a 20% QoQ surge in revenue; recall that VSI was required to switch its transactional currency to MYR (from USD) for components sold to local vendors following the introduction of Bank Negara’s FX
measures.

"VSI should be able to recoup its margin going forward. A fourth interim and proposed final DPS of 1sen each will take FY17 DPS to 5.9sen (+26% YoY), representing 60% DPR – above our forecast."

Maybank IB Research expects VSI to further ramp up its capacity for the box-build segment to suport its key client's demand growth globally.

"We continue to like VSI for its ability to win contracts for new products notwithstanding potential manufacturing localisation in markets where its clients are experiencing phenomenal demand growth. At 14x CY18 PER currently, valuations are undemanding for a growth stock with expected 3-year earnings CAGR of 30%."

Uchi is good but earning flat. Limited growth prospect

we should see further upgrade on Target Price by analysts soon..
The new contracts from clients should be announce soon

Q to Q down expected.. but year to year up strongly 236%...

As reported by few analysts recently, for Q4'2017 the PAT will be lesser than RM40 mil due to foreign exchange losses. It is still 200% upside on year to year basis.

Huge bad debts from middle eastern countries' projects, another victims after LCL is WCT, will Sendai the next one ???

http://www.thestar.com.my/business/business-news/2017/03/14/wct-faces-legal-hurdle/

With raw material's costs such as steel riding high now and near future, we will see eroding of profit margin or in losses situation. We won't see any growth and betterment of prospects for the company. I doubt the share price can be sustain as the company has lost its convincing power to retain existing shareholders to continue holding the shares.

Investors will sell when the company fail to sustain or grow the profits of the company by applying Koon Yew Yin's golden rules of investment.

I haven't see any Malaysia companies in construction has good ending by taking up projects in middle eastern countries. Many companies suffer huge losses cause by failure to collect back the monies on job done or being terminated for unknown reasons.

Good luck for investing in Eversendai.

By 2018., RM4.00 also possible as new customers projected revenue not disclose yet and analysts not factor in yet

IF VS Q4'17, can achieve RM35mil profit is good enough as seasonal low period and incurred forex losses. Last year it made RM 10.9 mil only.

If exclude forex losses, it may hit RM50mil,,

https://calvinayre.com/2016/10/24/casino/donaco-online-gambling-cambodia-star-vegas/

https://calvinayre.com/2017/09/11/casino/donaco-asia-pacific-expansion-plans/

Mr. Gerald Nicholas Tan, Donaco director holding 50 million shares in MQTech

MQTech will be venturing into online gaming by new owner.. ???? Linked to Joey LIm ????

Donaco or Joey LIm will be partnering world largest online betting operator, approval should be granted by authority by end of September...

Please read the Edge weekly, Page 22, 23 & 65

MQTech : The new on-line gaming and betting business injection by Joey Lim ? Casino Magnate Lim Gong Tong's grandson...

Revenue down is expected as oil price weaker, next quarter revenue will increase n also profit

PetronM profit up by 47.9% Q2Q