QR out in July.

@1invest1 Agreed. Targeted moratorium is in place and is most appropriate for the economy.

A few IBs forecast KLCI to close at 1690 and 1780 in 2021.

On Friday 11/6 it closed 1575 with pbb at 4.21. By calculation, pbb will close between 4.52 and 4.76.... with another dividend payout in August.

That certainly looks very good to me. Pbb guarantees you sleep well at night. Just hold tight tight. Buy more if you can afford.

Just hold tight tight... No worries

Hold tight tight. The day will come. As long as this is a good company making profit.

Hopefully O&G counters can leave the Serba effect behind and move higher.

Brent Oil USD72+

https://kingsleyinvestment.blogspot.com/2021/06/46-cimb-group.html

Time to buy bank stocks. Comparing PBB to CIMB. Very detailed analysis.

We are still going through FMCO, of course banks are undervalued. When vaccination covers 50% of the targeted population in August, and daily C19 comes down to below 3000, is the time they fly.

Company share buy back continues.

Let's pray that Uncle Teh gives good dividend in August.

My agent advised to hold tight tight until the next qr.

Thank you @Sharefisher. I have been holding pbb for near a year now. I always keep your advice in mind HOLD TIGHT TIGHT. Just that recently cimb outperforms all other local banks. Cimb share price went up 11% in 30 days. I was taken by surprise. First time seeing cimb with such performance. Touch n' Go is under cimb.

It will be interesting to see if cimb keeps up to this performance in the future. As for pbb, it has been strong and solid throughout the decades!

As Malaysia’s daily Covid-19 vaccination rate surpases 150,000, Khairy eyes 200,000-jab mark | Malay Mail https://www.malaymail.com/news/malaysia/2021/06/09/as-malaysias-daily-covid-19-vaccination-rate-surpases-150000-khairy-eyes-20/1980756#.YMBDoo-knvc.whatsapp

@Sharefisher May I ask for your opinion on pbb and cimb? I always value your unbiased comments. Pbb has 19B share issued while cimb only 10B.

@1invest1 Despite so, their share price in HK has increased 20% this year, while pbb only 2%!

That's something I want to understand more. Local banks are rather dissapointing so far. Not sure about 2H2021 .

Right issue is coming. Just be prepared to subscribe.

Company buyback again.

KLSE index in 2021

6/1 --1592
3/5 --1590
3/6 --1590

ZERO growth. The ONLY one in the regional market.

@Xxxting Those words are copied and pasted from Google ( searched under ACQUISITION OF A COMPANY AND SHARE PRICE).

Suspended for more than a fews days doesn't sound too optimistic to me. Anyway it is too early to talk, Tuesday is still far away.

Google may not be correct all the time.

As a rule, acquisitions tend to drive up the value of a target company's stock. The rationale here is clear: buyer (ie HIBISCUS) is invariably forced to pay a premium (i.e. a price above the current market price) to acquire the company.

If a counter is suspended for more than 1 day, the outcome is usually negative.

Share price will go up and beyond RM1 before its announcement. Right issue will be priced at 60sen.

Be ready to subscribe if you continue to hold your tickets. No sell or buy call.

Dear all, I am back. Right issue is coming soon.

Company continues to buy back.

I rather move to UZMA which was granted 2 new green energy projects this year.

When one company acquires another, the stock price of the acquiring company tends to dip temporarily, while the stock price of the target company tends to spike. The acquiring company's share price drops because it often pays a premium for the target company, or incurs debt to finance the acquisition.

It depends on the acquisition price.

Pbb isn't going after the digital bank licence. Its management says all dealings can be done on the current Internet banking system, which upgrades from time to time.

@Sharefisher I have been very good boy. I hold tight tight since day 1... All of us deserve a treat. I hope Uncle Teh feels us and sees our endurance.

As of 1/6, 3.1M had been vaccinated. 51.2% had registered for the vaccination program.

Keep it UP!!

Panamy is how much per share.

Pensonic only how much.
Both have how many share issued??

Which one has a bigger share price appreciation??

Aiyooo, complain must come with facts too.

Accumulated 150K pensonic shares.

Vaccination program is speeding up.

By end June to target 150k per day.

By end July to target 200k per day.

To complete full vaccination by October instead of December, as instructed by the PM.

Any update on pbb going for the digital bank licence?

Not too late to position into banks, say analysts - The Edge Markets http://www.theedgemarkets.com/article/not-too-late-position-banks-say-analysts#.YLR0x0iCiCh.whatsapp

PBB TP 5.10
MBB TP 8. 90
RHB TP 5. 90

Investors are getting more mature. Panic selling is limited. In fact, many have been waiting for the golden opportunity to buy on weakness.

It's probably the final lockdown before the pandemic is over as vaccination is speeding up.

Your mind is either your friend or your enemy LOL

Tomolo closes 0.795...I am waiting at 0.705 LOL

As of 28th May, near 2.8M had been vaccinated, of which 1M had completed 2 doses.

Overvalued stocks will be hit the most next week. Others should be rather safe.

As for KLSE, we have not experienced much surge since January LOL.

Shopping time is coming but how much discount will depend.

There will surely be some fear among some investors but I doubt it is great enough to bring about a crash (-30 on Monday and - 20 on Tuesday perhaps) . Support will be at 1550. Most importantly vaccination is in place and is speeding up. We, the KKM are vaccinating over 100k pax per day as of ystd. We are targeting 150k pax per day in June. By end-June, there will be enough vaccines for 70% of Malaysians.

The light is at the end of the tunnel, unlike last year. It really depends on the investors' vision on this.

You either look forward to ending this pandemic, or you choose to think that it's the end of the world.

YOUR MIND IS EITHER YOUR FRIEND, OR YOUR ENEMY.

Yes, that's why I said PENSONIC will give us a pleasant surprise too.

Just keep buying. With so few free shares, you know it will be a shooting star!

The revenue towards profit ratio... PBB 5:1 MBB 6:1

The quarter report in July will definitely be more handsome. The lockdowns helped to create huge online sale for Pensonic. Money from i-Sinar have big portion spent on household electronics.

Pensonic is a stock I am willing to keep for at least 6 months.

Yes, a few more buyers will push the price up easily. Just have to wait for its wake up call. The more shares you hold in hand the better. Buy in stages or else the price goes up quickly.

Company buybacks.

I have accumulated 100,000 shares so far. Patience is a virtue.

It takes time brother... The company is making profit and is growing. That's confidence.

The market is sluggish. Just wait for its turn. Or do you have any better stock to recommend?

@satha44 It is taken from the koonyy investment group.

4 May 2021
Pensonic Stock Code: 9997 Review of Q3 (FY 31 May 21)

Opportunity to buy into a valued stock with strong profit growth reported in recent 2 quarters.

Using our estimated FY 2021 EPS of 13.5 Sen to 15.5 Sen, the valuation using PE 9 could range from RM1.22 to RM 1.40 with an upside of 48.8% to 70.7% compared to today closing at 82 Sen.

At 82 Sen, it is trading at PE 9.64 based on 4 rolling qtrs EPS of 8.51 Sen. We understand from industry sources that demand is strong for household appliances, cookware and whiteware. The Group recent successful launches of new products with better margin are driving its top and bottom line. Its peer Khind is also seeing similar growth in revenue and profit.

Based on FY 2021 9 mths YTD Pensonic Group delivered its best performing year to date result, with revenue of RM247.9 mil and record PBT of RM13.9 mil and a net profit after tax of RM11.4 mil compared to FY 2020 9 mths revenue of RM217.7 mil with PBT of RM4.5 mil and net profit after tax of RM3.3 mil respectively. The 9 mths YTD EPS was 8.97 Sen.

The Q1, Q2 and Q3 EPS were 1.2 Sen, 3.91 Sen and 3.86 Sen respectively. The quantum leap improvements were due to higher revenue, better margin and lower expenses after cost improvement programmes were implemented during the MCO period

The Group registered revenue of RM83.7 million for the current financial quarter Q3 compared to RM79.2 million reported in the preceding financial quarter Q2 ended 30 November 2020. The Group recorded a profit before tax of RM6.2 million compared with profit before tax of RM5.7 million in the preceding financial period due to higher revenue in the current quarter.

We are expecting Q4 to be better than Q3 given the Raya Festive is in May which had traditionally been a strong quarter during the festive season. We have accordingly projected Q4 EPS to be 4.5 Sen to 5.5 Sen. Based on our analysis with a projected FY 2021 EPS of 13.5 Sen to 14.5 Sen. We see a realistic valuation of RM1.21 to RM1.35 using forward PE range 9 to 10 with EPS of 13.5 Sen. However, if EPS is 14.5 Sen, the valuation could range from RM1.30 to RM1.45.

We are inclined to use a lower PE 9 for the valuation as the Group has just commenced a quantum leap in delivering record high profit for Q2 and Q3 FY 2021. A higher PE valuation will be accorded if the profit growth is sustained moving forward.

Thus, using the FY 2021 estimated EPS of 13.5 Sen to 15.5 Sen, the valuation using PE 9 could range from RM1.22 to RM 1.40 with an upside of 48.8% to 70.7% compared to today closing at 82 Sen.

Company has commenced share buyback in Oct 2020. In April 2021, Co has been aggressively doing share buyback and also in recent months prior to April. Today the Co had acquired 2,924,900 shares. The recent share buyback in 2021 were:

28 April 200k share at 74 Sen
27 April 37.9k shares at 74.9 Sen
26 April 172.7k shares at 75.6 Sen
15 April to 23 April 312.7k share from 70.5 Sen to 73.5 Sen

The buyback could mean that the share is undervalued.

Pensonic is a thinly traded share with 41.9 mil (32.3%) “Free Float Shares” – Number of issued shares less treasury shares, less Chew Family, less other top 30 major shareholders where most have been shareholders since FY2019. The availability of shares in the market is small number and any strong buying could push share price up by 10 Sen to 20 Sen.

Share Price: 82 Sen
Market Capital (RM): 106.33 m
Number of Share: 129.67m
EPS (cent): 8.5 * (4 rolling qtrs)
P/E Ratio: 9.65
ROE (%): 8.59


Net Asset/share: 99.0 Sen
Dividend Yield: 1.52% (1.25 Sen)

Merits of investment

• Low risk investment with strong financial

Given its business model with a wide spectrum of products of various reputable brands for household appliances and serving a diversified customer locally (about 70%) and abroad (30%) with 10% of revenue coming from Philippines, business risks are well managed with no single customer contributing close to 10% of revenue.


-----REPOST-----

Bought more at 72sen.

101,200 shares purchased into the treasury on 20/5.