Glove Bull run just started in March 2020, based on PE of top glove 68.65 and harta 75.77, comfort is valued RM3. 9 to RM4. 31. Covid 19 is increasing at alarming rate every day. There is no cure or vaccine for covid 19 except prevention by using Glove and sales order from customers already done at full capacity up to April 2021. Great great great demand for at least 1 to 1.5 years at low crude oil production cost and sell at USD4. 35 for good profit margin.

The PM should approve instantly to create employment and increase the export for foreign exchange as glove and related sector now is the best to save malaysia economy.

This is a laggard stock with the lowest PE among all the glove related stocks, a lot to catch up.

A good performing company and is very profitable with RM10.5M in the last quarter and with so much cash on hand. Quite similiar size to Careplus but in terms of profit and cash, MTAG is much stronger but share price is behind Careplus, a lot to catch up.

There are 3.73m cases of covid 19 todate and is alarming increasing. Glove is a necessity for prevention covid 19 and is great great great demand worldwide. Vaccine will take 1 to 1.5 years to cure covid 19.

A lot to catch up for comfort as Top performers Harta PE 63, Top glove PE 49 and based on their valuations, comfort is valued RM2. 8 to RM3. 5.

Why glove is the best?
1. Great great great demand world wide.
2. Very short supply of glove in the world market.
3. Very high exchange rate @ 4.5 for 1 USD for export.
4. Very low crude oil now @ USD 15 per barrel for production cost.
5. No vaccine for covid 19 for at least 1 to 1.5 years.
6. It is a necessity in daily life.

Why top glove is the best?
1. Great great great demand world wide.
2. Very short supply of glove in the world market.
3. Very high exchange rate @ 4.5 for 1 UDS for export.
4. Very low crude oil now @ USD 15 per barrel for production cost.
5. No vaccine for covid 19 for at least 1 to 1.5 years.
6. It is a necessity in daily life.

Perhaps the board of directors should consider giving free warrant or dividend since the last dividend was given on 16 march 2015 as the company has made impressive profit todate of RM150m and will continue to make more and more profit with the existing work order of RM4.8 b

Great improvement from a loss of RM5.4m in the previous quarter to a profit of RM18m and also great improvement from the crossponding quarter profit of RM6.5M to a much much higher profit of RM18. Since the son is performing so well, the parent company, Dayang should do very well.

Quarterly rpt on consolidated results for the financial period ended 30 Sep 2019
PERDANA PETROLEUM BERHAD

Financial Year End 31 Dec 2019
Quarter 3 Qtr
Quarterly report for the financial period ended 30 Sep 2019
The figures have not been audited
Attachments
PPB Q3 19 Interim Report (FINAL).pdf
432.5 kB
Default CurrencyOther Currency
Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2019

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2019
30 Sep 2018
30 Sep 2019
30 Sep 2018
$$'000
$$'000
$$'000
$$'000
1 Revenue
87,409
61,214
175,953
125,577
2 Profit/(loss) before tax
18,707
7,783
-18,747
-47,224
3 Profit/(loss) for the period
18,087
6,533
-20,295
-50,025
4 Profit/(loss) attributable to ordinary equity holders of the parent
18,087
6,533
-20,294
-50,024
5 Basic earnings/(loss) per share (Subunit)
2.32
0.84
-2.61
-6.43
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.5800
0.5900

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

Announcement Info
Company Name PERDANA PETROLEUM BERHAD
Stock Name PERDANA
Date Announced 21 Nov 2019
Category Financial Results
Reference Number FRA-19112019-00002

Quarterly rpt on consolidated results for the financial period ended 30 Sep 2019
PERDANA PETROLEUM BERHAD

Financial Year End 31 Dec 2019
Quarter 3 Qtr
Quarterly report for the financial period ended 30 Sep 2019
The figures have not been audited
Attachments
PPB Q3 19 Interim Report (FINAL).pdf
432.5 kB
Default CurrencyOther Currency
Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2019

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2019
30 Sep 2018
30 Sep 2019
30 Sep 2018
$$'000
$$'000
$$'000
$$'000
1 Revenue
87,409
61,214
175,953
125,577
2 Profit/(loss) before tax
18,707
7,783
-18,747
-47,224
3 Profit/(loss) for the period
18,087
6,533
-20,295
-50,025
4 Profit/(loss) attributable to ordinary equity holders of the parent
18,087
6,533
-20,294
-50,024
5 Basic earnings/(loss) per share (Subunit)
2.32
0.84
-2.61
-6.43
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.5800
0.5900

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

Announcement Info
Company Name PERDANA PETROLEUM BERHAD
Stock Name PERDANA
Date Announced 21 Nov 2019
Category Financial Results
Reference Number FRA-19112019-00002

Management years of track records of dilivery and productivity for Dayang is much much better than other competitors, hence the revenue and profit growth are certain and of course the growth of its shares.

Management years of track record of delivery and productivity for Dayang and Perdana is much much better than other competitors, hence the revenue and profit growth are certain and of course the value of the shares.

Budgeted 2019 capital expenditure for petronas is RM50 billion and as at 30.6.3019, petronas has spent only RM16b and is committed to spend RM50b. This will benefit dayang as the key maintenance service contractor with excellent track record. Existing work orders have exceeded RM3b and more and more jobs will be coming in from petronas, this will shoot up and reflect in the revenue, profit for the coming quarter results and share price.

Dayang has given out dividend every year until the last dividend on 14.4.2015 as the company has been making profit every year except 2017 of RM143m loss. 2018 made a profit of RM164m and 2019 profit is expected to be much much more than 2018 in view of multi billions of work order and high utilisation of vessels. The board of directors should seriously consider Mr Koon proposal of 1 free warrant for every 4 shares in view of increasing profit and no dividend has been given out to shareholders since 14.4.2015. By giving out free warrant of 337m and assuming based on the exercise price of RM1.90, the company should have RM641m cash for future expansion if the warrants are fully exercised.

Naim is an undervalued stock with NTA of RM2.49 against the current price of 0.99 cents. Profit for Dayang is expected to be better for the coming quarter and hence with 26% of dayang, profit of Naim is expected to be also better. However, there is little increase in share price as both dayang and perdana have both shoot up. Accordingly the price should be up to reflect the 26% shareholding of the current market capitalisation of Dayang.

Perdana is a debt free company upon the issue of preference shares to Dayang as Dayang will take over all the debts from Perdana. Perdana is certain to save the interest cost of at RM35m annually plus the profit from core business of chartering, the prospect is certainly good for perdana and dayang. As dayang shares have increased more than 100%, the shares of perdana should be up accordingly as the above exercise will benefit perdana. Both are having the same boss and similar business and can complement and supplement each other to increase the business and thus the profit and share price.

Mr Koon Yew Yin, thank you very much for writing the great articles for Dayang as many investors have made money from this company. You are a great investor. I would like to recommend CYPARK to you as this company has not making any loss for any quarters since 2010. For the last 5 years, profit, revenue, NTA and latest few quarters profit have been increasing. Prospect is very good to align with government direction of renewable energy and waste to energy for clean environmental.

Maximum of 50% discount for right issue to the existing shareholders of 1 share to 10 shares is indeed a very attractive bonus offer to the shareholders. If the share price is RM2 , the right issue price is RM1.

If you have 10 shares, you will get 1 share for right issue which has little impact but is good for The company and shareholders as the existing Profit growth is excellent which is the most important factor for share price increase especially even under the current economic situation. How many companies in Bursa have reported increased profit recently for the latest quarter?

This revival of Bandar Malaysia, one of the largest mega projects in Malaysia worth RM140 billions is certainly a good news to Malaysian economy and definitely will benefit Iwcity for many years to come. At the current price of RM1.02 is cheap as the company has few thousands acre of land and the mega project of Bandar.Malaysia. Long term value of this company should worth at least RM3.

The son has contributed too much effort and profits to the father as reflected in the last 3 quarters and the share price of the father have shoot up 200% but the effort of the son is not well recognised and rewarded as its share price only up by 50%

Dayang who holds 60% of perdana must nurture its son who is young and energetic as they are exactly doing the same business. Once the son is improving well as in the last 3 quarters, the father will enjoy the fruits of increasing profits in the last 3 quarters. The mother, Naim who holds 30% of Dayang still have to depend on the son and father.

After a major scheduled production downtime from 6/8/2018 to 21/10/2018 the company is geared towards full production in 2019. The loss has reduced substantially from RM122m for quarter ended 30/9/2018 to a small loss of RM72k for quarter ended 31/12/2018 due to scheduled production downtime. As the crude oil has recovered from USD 50 per barrel at the beginning of the year to the current USD 67, the profit for this coming quarters should be very good. This will repeat the share price movement in 2017 from the current RM6.30 to hit above RM10 in 2019.

Perdana is the son of Dayang doing exactly the same business as mother, Dayang. Since Dayang is doing very well, Perdana will do very well and the share price of Perdana has not started yet despite dayang has shoot up 80%.

Perdana is the son of Dayang and the mother have shoot up 80% already. Perdana should perform under the subsidiary of Dayang and doing exactly the same business as Dayang. Since Dayang is doing very well, Perdana will do very well under the same mother.

After the GE 14, the Bursa index have surpass 1,800 and many good stocks of construction sector like Gamuda and CMS have recovered quite a lot already. The Chairman and board of directors have requested the shareholders to approve the share buy back because they believe Gkent is highly undevalued and shareholders have approved it in June. For the past 2 weeks this stock was falling to todate of 1.22. Many investors are wondering why the top management is not taking action to buy back as you have mentioned in your Addendum to the Notice of 67th AGM dated 8June 2018, the rationale of buying back is preserve the fundamental value of the company which in turn have a favourable impact on the share price of the company.

The Chairman with controlling interest more than 30% and the company secretaries have confirmed on 12.6.2018 that the company is optimistic for the rest of the year which means they are optimistic for the financial performance.

It is ridiculous for the landowner, Star to own an office block with 96% completed and a profit of 50m in exchange for his land unless nothing has been done to the building to date. Hope Federal court will give a fair judgement or win win situation for the landowner and the developer.

Based on the latest press release by the chairman and company secretaries on 12 June 2018, the company balance sheet is very strong with zero borrowing and net cash of RM343.5M. Where to find another water & construction company in Bursa with a net cash of RM343.5M and continue to give dividend ??? It has an outstanding orders of 5.3B. Water metering business has a compounded annual growth rate of 24% for the last 3 years and export to 40 countries. Revenue has not been recognised yet for the 50% share interest in LRT3 as the government has confirmed to continue this project. If the government continues or postpones MRT3, HSR & ECRL and G KENT is a participant to these projects, it will be a surplus to Gkent. If the government cancelled these projects, the government has to pay penalty to the participants as well. The top management is very committed to buy back 10% of the company shares to reward the shareholders in the long term and to date it has bought back 0.9% company shares.

Mr Koon and his wife are the largest shareholders of Jaks with about 30%, he is also the most experience businessman and professional engineer in construction industry, he should lead this company to strengthen the management. The existing top management should consult Mr Koon first for big decision making. That is why even the Perak government is now appointing him as the adviser for business and economic development to grow the Perak. Why not Mr Ang and his team appoint Mr Koon as the leader/adviser in Jaks???

Tan Sri VT has been blessed with so much businesses in the past and it is crucial for him to deliver good financial performance moving ahead. He needs to do a detail examination why Bjcorp cannot perform for the last 8 years and in fact is one of the worst performers lately in Bursa.

The MD should be responsible and accountable for failing to do a supplement agreement to extend the completion of office block as it is requested by Star to alter from residential to office and also fail to extend the BG of RM50m.

If the office block is almost completed, it is ridiculous for star to claim RM50m and why Mr Ang allow this contract agreement to claim in such manner? Even the mega projects are now reviewed or deferred or cancelled if it is not justifiable?

I suggest the current board of directors especially Mr Ang's family to buy 10% shareholding from Mr Koon's family as Mr Koon said he had bought too much of Jaks. As the biggest shareholder of Jaks, he should be appointed as a member of the board of director of Jaks for big decision making.

It is unusual for the landowner to claim RM50m from the developer especially if the landowner wants to change from residential to office block as it will take time to approve by the authorities unless the developer wants to do free of charge for the landowner which is unlikely.

Since 2010, the world stock market is enjoying the bull market for 8 years including Bursa from 900 points to almost 1900 points. This is not happening to Bjcorp which has been crashing since 2010 from almost RM 2 to the current price of RM0.305 for the last 8 years. Why crashing for 8 years ????? though Tan Sri Vincent Tan business have been growing in Vietnam, China, Japan and so on. This represents one of most undervalued stocks in Bursa now and will be his term to rebound for the next 8 years as Tan Sri now is hands on to his business.

BJCORP is definitely a very highly undervalued listed company or the cheapest in terms of NTA among the listed companies under Bursa as many properties were bought 20 years ago recorded at 20 years ago price. The company is supported by many cash business such as bjtoto, cosway, umobile and many so on. I strongly believe Tan Sri VT will walk the talk and invest heavily in Malaysia by selling of his overseas businesses to boost up his BJCORP profitability and share price and not only to reward the PH government but also reward the shareholders of BJCORP by way of dividends and capital gain of his shares.

ECRL will proceed according to LGE as RM20b had already paid.

Let examine the track record of this company why the share price plunged 75% from year high of RM4.52 to year low of 1.12. This company had been accumulating profits every quarter since 31.10.2003 with unbroken profits for 15 years. Latest audited report as at 31.1.2018 had shown that it had accumulated profit of RM265m, cash of RM511m and borrowing of RM56m. This is a solid listed company with very good track records and is competitive to win big projects for open tendering. It is hard to believe the share price will be falling forever and in fact is a Good time to accumulate buying after plunging 75%.

The profit of Hengyuan has shoot up by 271% from RM335m to RM909m for year ended 31.12.2017. The profit of Petronas has shoot up by 91% to RM45.5b for year ended 31.12.2017. This has clearly demonstrated the productivity and efficiency of Henguan as compared to Petronas. It is not the size of the company but the EPS of RM3 for Henguan which is still the best among all the listed companies in Bursa. As long as the the OPEC and Russia are united and committed to its production cut until 31.12.2018, the outlook for oil and gas sector like Hengyuan and Petronas should be good.

The fundamental of Hengyuan will get stronger upon the 4th quarter result announced which is expected to be RM1.30 EPS making a total of EPS of RM3.7. AT the current price of RM13.04 the PE is only 3.5 making it one the cheapest stocks in Bursa. The payment of statutory tax of 25% tax in 2018 is the indication of strength of the company. The more the company pay the tax, the more capable and the management is. Factory shut down for maintenance is part and parcel of all the manufacturing plants of all business sectors and will not reduce the productivity of the staff and will increase the efficiency of the company after maintenance . The outlook of oil and gas sector is presently control and stabilised by OPEC and Russian and should be good at least until end of 2018.

Kong Xi Fatt Choi 2018 to all investors and readers of Hengyuan.

Will fundamental, technical, refinery business outlook and profit growth win over emotional play for Hengyuan? The answer is yes. Hengyuan fundamental remains intact and getting stronger, technically is oversold since 29/12/2017, refinery business outlook remains good as oil is controlled and stabilised by OPEC and Russia and profit of hengyuan is still growing. The emotion is controlled by each player and investors. Our decision to buy and sell is based on facts and not by emotion and rumour play.

The purpose of this USD 430m loan is to refinance the existing USD 300m loan and its planned upgrade and maintenance projects for the refinery. The new loan must be cheaper as chairman said is to maximise the cost saving and efficiency and also more favourable and flexible to enhance cash and debt management. 3 bankers, Maybank(largest bank in Malaysia) China construction bank(2nd largest bank in China) and Ambank must have analysed in details and have full confident before approved USD 430m to Hengyuan. Even Bank Negara Malaysia must have done all the due diligence by looking at all aspects and their financial statements and its business outlook and profit growth before approving this USD430m loan. This is very positive to shareholders as there is definitely no right issue anymore and dividend payout to shareholders become very certain now. Where to find such a low PE and such a high EPS listed company in Bursa with a paid up capital of RM300m supported by 3 big bankers and Bank Negara Malaysia?

Hengyuan has been undergoing correction since 29/12/2017 and has been over reacted especially in the last 2 days as many players and investors have not checked the fundamental of this company which was founded in 1960 at port Dickson. With a share capital of RM300m, it had made a net profit of RM726m for 9 months. As at 30/9/2017, it had an inventory of RM1.26b which will generate even more profit in the last quater ended 31/12/2017. It also had trade receivables of RM1.13b which will turn into more cash as it had RM900m already at 30/9/2017. Despite huge volume of sellers in the last 2 days, it was absorbed by many smart investors and fund managers as it is one of most undervalued companies in Bursa. Where to find another listed company in Bursa which can make such a huge profit of RM726m for 9 months , with huge cash of RM 900m and with such a low PE of 4.61?

Let compare how competitive is Hengyuan with its brothers and sisters companies in China. SINOPEC CORP current PE is 15.12, PETROCHINA is 132.96, CNOOC is 1108.66. HENGYUAN PE is only 4.87 is still the cheapest and the most efficient and competitive company in China.

Why Hengyuan is one of the most undervalued companies? The price of Hengyuan has recently been significantly corrected from RM19.20 to RM15.14. However, looking at the earning per share of RM3.1116, Hengyuan is the highest in the refinery industry in Malaysia and among all the listed companies in Bursa and the price earning now at 4.87 is the lowest in the refinery industry in Malaysia and in the world. This means Hengyuan is the most efficient and most competitive refinery company in Malaysia and in the world. As at 30/9/2017, it had cash of RM900m and by now should have RM1.2b. What to do with flooded cash of RM1.2b? Dividend is the best option for investors/shareholders. Based on current Petronm PE of 8.25, Hengyuan should now be valued at RM25.67 as Petronm and Hengyuan are similar industries and their refinery plants were founded at Port Dickson in 1961 and 1960 respectively.

Panic selling is always a good time to buy as the fundamental of Henyuan is getting better and better. Hengyuan was founded in 1960 at port Dickson and has 58 years good track records in Malaysia.