Wells Fargo & Co
41.08 USD
-12.79 (-23.73%)past 5 years
10 Jun, 9:31 am GMT-4 •

Wells Fargo & Co
41.22 USD
+40.36 (5,454.05%)all time (1982)
10 Jun, 9:31 am GMT-4 •

Adobe Inc
426.42 USD
+288.58 (209.36%)past 5 years
Closed: 10 Jun, 9:25 am GMT-4 •


Adobe Inc
426.42 USD
+426.20 (193,727.27%)all time (1986)
Closed: 10 Jun, 9:25 am GMT-4 •

Okta Inc
94.92 USD
+68.44 (258.46%)past 5 years
Closed: 10 Jun, 9:25 am GMT-4 •


Okta Inc
94.92 USD
+71.41 (303.74%)all time (2017)
Closed: 10 Jun, 9:25 am GMT-4 •

Crown Castle International Corp
179.63 USD
+78.45 (77.54%)past 5 years
Closed: 10 Jun, 9:23 am GMT-4


Crown Castle International Corp
179.63 USD
+166.63 (1,281.77%)all time (1998)
Closed: 10 Jun, 9:23 am GMT-4

Danaher Corporation
258.76 USD
+174.28 (206.30%)past 5 years

Danaher Corporation
258.76 USD
+258.70 (431,166.67%)all time (1982)
Closed: 10 Jun, 8:59 am GMT-4

Morgan Stanley
81.16 USD
+36.68 (82.46%)past 5 years
Closed: 10 Jun, 9:05 am GMT-4

Morgan Stanley
81.16 USD
+78.34 (2,778.01%)all time (1986)
Closed: 10 Jun, 9:05 am GMT-4

Carnival Corp
11.73 USD
-53.91 (-82.13%)past 5 years
Closed: 10 Jun, 9:20 am GMT-4

The smart investosr do their your own analysis and valuation. They do not blindly follow the TP given by investment brokers or analysts, eg, Kenanga Research.

Those with long term investing horizon actually decrease their risk when they invest long term into great companies like PBB. With a short investing horizon, they actually increased their risk in their investing. Risk is defined as the probability of loss.

Public Bank Berhad
4.53 MYR
+3.31 (271.31%)all time (2006)


Public Bank Berhad
4.53 MYR
+0.45 (11.03%)past 5 years
10 Jun, 5:00 pm MYT

PBB has rewarded its shareholders who kept this for the long term. Short term prices can be very volatile (voting machine) but in the long term, the share prices reflect the improving fundamentals and earnings closely (weighing machine of Graham).

The above returns did not include the dividends.

Maintain OUTPERFORM and TP of RM1.90 based on FY22E PER of 11x and 1.0x prospective FY23 NTA of RM1.87 after imputing the RM422m divestment gain. Risks to our call include: (i) adverse weather, (ii) revision in Indonesia’s biodiesel levy and export tax structure, and (iii) volatile CPO prices.

Source: Kenanga Research - 8 Jun 2022

US is fighting a proxy war against Russia through Ukraine.
Eventually, the war has to end.
The world order will no longer be the same after that.
We can expect a new world order to emerge.
Many are hopeful this will be a better one than the past one.

Calvin has become infamous for his unthinkable fixated delusional promotion of Netx. This is history and fact.

However, TSH is a better company than Netx. I don't think it will go the same way as Netx.

In investing, it is important to know:
1) What is the intrinsic value of the company?
2) Can this company be purchased at a significant discount to its value?

All values MYR Thousan
2021
2020
2019
2018
2017 5-year trend

Net Operating Cash Flow
16,110.7
30,617.5
19,341.1
1,170.1
7,687.5
Capital Expenditures
(848.0)
(377.1)
(2,519.3)
(1,441.2)
(3,544.5)

Cash Dividends Paid - Total
(4,028.3)
(4,028.3)
-
-
-

Cash Flow
15,262.7
30,240.4
16,821.9
(271.1)
4,143.0

Free Cash Flow Yield 11.62%


KEY STOCK DATA
P/E Ratio (TTM)
33.33(06/10/22)
EPS (TTM)
RM0.01
Market Cap
RM161.13 M (@ RM 0.21 per share)
Shares Outstanding
N/A
Public Float
246.93 M
Yield
03016 is not currently paying a regular dividend.
Latest Dividend
N/A
Ex-Dividend Date
N/A

CRG Incorporated Sdn Bhd
0.21 MYR
+0.19 (950.00%)past 5 years
10 Jun, 3:43 pm MYT


Insiders buying regularly.

calvin
What is the intrinsic value for TSH?
When or at what price should your followers sell?
When or at what price shoud they buy?

KEY STOCK DATA
P/E Ratio (TTM)
6.88(06/10/22)
EPS (TTM)
RM0.18
Market Cap
RM1.79 B (@RM 1.22 per share)
Shares Outstanding
N/A
Public Float
448.53 M
Yield
2.46%(06/10/22)
Latest Dividend
RM0.0299999993(04/15/22)
Ex-Dividend Date
03/30/22

Insider Trading TSH Resources Bhd
Transaction Summary
Total Insider Purchases and Sales Reported to the SEC
Timeframe Transactions Shares
Last 3 Months
8 Purchases
0 Sales
17,050,000
0
Last 6 Months
36 Purchases
0 Sales
29,000,000
0
Last 12 Months
77 Purchases
0 Sales
47,025,000

TSH Book Value Per Share 1.26

What is the intrinsic value of TSH Resources Bhd?

TSH Resources Berhad
1.22 MYR
-0.28 (-18.67%)past month
10 Jun, 12:29 pm MYT

TSH Resources Berhad
1.22 MYR
-0.28 (-18.67%)past month
10 Jun, 12:29 pm MYT

Cheaper today than last month.

Bonia Corporation Bhd
2.66 MYR
+0.36 (15.65%)past 5 years
10 Jun, 11:18 am MYT

calvintan is so myopic. Does he understand investing?

Golden Agri-Resources Ltd
0.28 SGD
-0.09 (-22.97%)past 5 years
9 Jun, 5:04 pm GMT+8 •

Wilmar International Limited
4.17 SGD
+0.65 (18.47%)past 5 years
9 Jun, 5:06 pm GMT+8

But exciting entrance into CAR-T technology for treating cancers. Will need to take a further look here.

Gruesome business

Overpriced

High P/S
High P/B
High P/E

How long will it for the company to payback your capital invested?

MGRC

All values MYR Thousands.
2021
2020
2019
2018
2017 5-year trend

Retained Earnings
(22,784.3)
(18,231.4)
(12,559.4)
(8,719.6)
(2,502.6)


All values MYR Thousands.
31-Dec-2021
30-Sep-2021
30-Jun-2021
31-Mar-2021
31-Dec-2020 5-qtr trend

Retained Earnings
(21,598.0)
(22,609.0)
(22,784.3)
(20,418.0)
(20,618.0)

Most Recent Insider Transactions
October 2021 - May 2022
Filing Date Name/Title Shares Transaction Value
05/26/22
Razali bin Ismail
4776500 Disposition at $0.40 per share 1,912,988
05/25/22
Abdul Munir bin Abdullah Rafaie
100000 Acquisition at $0.41 per share 40,500
05/25/22
Razali bin Ismail
500000 Disposition at $0.45 per share 225,000
05/25/22
Daud bin Ahmad
1750000 Disposition at $0.40 per share 707,000
05/25/22
Daud bin Ahmad
4503000 Disposition at $0.44 per share 1,961,957
05/24/22
Razali bin Ismail
1979900 Disposition at $0.60 per share 1,182,990
05/23/22
Daud bin Ahmad
9999300 Disposition at $0.40 per share 4,012,719
05/13/22
Razali bin Ismail
500000 Disposition at $0.74 per share 367,500
05/12/22
Daud bin Ahmad
2000000 Disposition at $0.74 per share 1,481,200
03/09/22
Malek bin Abdul Aziz
150000 Disposition at $0.80 per share 120,000
03/09/22
Malek bin Abdul Aziz
150000 Disposition at $0.80 per share 120,000
10/26/21
Headir bin Mahfidz
100000 Disposition at $0.97 per share 97,240
10/26/21
Headir bin Mahfidz
100000 Disposition at $0.97 per share 97,240

Account receivables increasing faster than the increase in sales.

Taking in more debts to finance its growth, which is lack-lustre at best today. With interest rates rising due to inflation, interest payment to service debt will rise.

Still require huge capital expenditure to grow and maintain its business. Young businesses will need huge capex in its early phases.

Net operating cash flows were negative.

Dividends omitted the last 2 years due to need to conserve. Not able to pay dividend, this might have impacted on its share prices too.
Free cash flows continue to be negative, and increasingly so.


Where are the owners' earnings?
When will the net operating cash flows and FCFs turn positive?

Fiscal year is November-October. All values MYR Millions.
2021
2020
2019
2018
2017 5-year trend

Cash & Short Term Investments
298
359
524
92
109

ST Debt & Current Portion LT Debt
258
234
185
133
120

Long-Term Debt
1,314
1,111
989
476
448

Total Accounts Receivable
960
818
576
397
263


Total Liabilities
1,768
1,542
1,418
870
809

Total Shareholders' Equity
980
831
757
659
507

Total Shareholders' Equity / Total Assets
35.64%
34.98%
34.81%
43.10%
38.52%


Asset Turnover 0.12
Return On Average Assets 2.47%


Income statement

ANNUAL
Fiscal year is November-October. All values MYR Thousands.
2021
2020
2019
2018
2017 5-year trend

Sales/Revenue
315,323.0
304,000.0
376,739.2
352,818.4
301,684.4

Gross Income
105,077.0
111,973.0
135,694.6
114,079.1
87,776.0

Gross Profit margin 33.32%

Net Income
63,163.0
69,548.0
91,283.7
81,753.8
57,604.0

Net margin 20.03%


Operating Activities
Fiscal year is November-October. All values MYR Thousands.
2021
2020
2019
2018
2017 5-year trend

Net Income before Extraordinaries
96,635.0
96,621.0
118,583.3
100,393.1
69,589.8

Funds from Operations
59,663.0
105,372.0
114,062.3
79,441.4
41,198.0

Changes in Working Capital
(201,472.0)
(314,334.0)
(199,876.8)
(119,180.6)
(40,813.2)

Net Operating Cash Flow
(141,809.0)
(208,962.0)
(85,814.5)
(39,739.2)
384.8

Capital Expenditures
(220,377.0)
(116,533.0)
(53,105.6)
(88,412.7)
(129,994.6)

Cash Dividends Paid - Total
-
-
(4,866.7)
(4,524.9)
(2,801.0)

Net Financing Cash Flow
302,852.0
159,915.0
573,308.3
110,012.8
127,505.6

Free Cash Flow
(341,275.0)
(298,337.0)
(86,387.5)
(40,774.4)
(538.2)

KEY STOCK DATA
P/E Ratio (TTM)
2.65(06/09/22)
EPS (TTM)
RM0.12
Market Cap
RM211.98 M
Shares Outstanding
596.46 M
Public Float
491.87 M
Yield
5184 is not currently paying a regular dividend.
Latest Dividend
RM0.0390000008(06/28/19)
Ex-Dividend Date
05/30/19

Deleum Bhd
0.65 MYR
-0.26 (-28.57%)past 5 years
9 Jun, 5:00 pm MYT


In the short term, the market activity is like a voting machine, and in the long term, a weighing machine.

Share prices already adjusted for capital changes.
Dividends not included in the overall returns.

American Express Company
165.96 USD
+85.65 (106.65%)past 5 years
Closed: 9 Jun, 8:54 am GMT-4 •

*****

Visa Inc
213.50 USD
+118.94 (125.78%)past 5 years
Closed: 9 Jun, 8:37 am GMT-4 •

*****

Mastercard Inc
362.33 USD
+239.29 (194.48%)past 5 years
Closed: 9 Jun, 8:50 am GMT-4 •

*****

CVS Health Corp
93.88 USD
+14.17 (17.78%)past 5 years
Closed: 9 Jun, 8:20 am GMT-4 •

Tesla Inc
725.60 USD
+654.14 (915.39%)past 5 years
Closed: 9 Jun, 8:47 am GMT-4 •

Occidental Petroleum Corporation
69.03 USD
+8.02 (13.15%)past 5 years
Closed: 9 Jun, 8:45 am GMT-4 •


Turnaround play by Buffett based on increasing oil prices.

Advanced Micro Devices, Inc.
101.90 USD
+89.62 (729.80%)past 5 years
Closed: 9 Jun, 8:44 am GMT-4 •

*****

Intel Corporation
41.23 USD
+5.52 (15.46%)past 5 years
Closed: 9 Jun, 8:40 am GMT-4 •

NVIDIA Corporation
186.48 USD
+149.08 (398.61%)past 5 years
Closed: 9 Jun, 8:43 am GMT-4 •


*****

Target Corporation
156.70 USD
+99.80 (175.40%)past 5 years
Closed: 9 Jun, 8:35 am GMT-4 •

*****

Walmart Inc
122.30 USD
+42.88 (53.99%)past 5 years
Closed: 9 Jun, 8:30 am GMT-4 •

Costco Wholesale Corporation
467.99 USD
+287.61 (159.45%)past 5 years
Closed: 9 Jun, 8:16 am GMT-4 •

*****

Amazon.com, Inc.
121.18 USD
+72.26 (147.71%)past 5 years
Closed: 9 Jun, 8:39 am GMT-4 •


*****

Apple Inc
147.96 USD
+110.72 (297.31%)past 5 years
Closed: 9 Jun, 8:38 am GMT-4 •

*****

Merck & Co., Inc.
89.48 USD
+28.08 (45.73%)past 5 years
Closed: 9 Jun, 8:00 am GMT-4 •