It was rm3... Where were you @shearer202?

Don't get emotional with his comments. He will be too delighted to know. Just ignore and skip his comments. Why be bothered with someone who has delusion?

Not an issue to me at all.

SOLD. After having so much hope for the past 4 months, I decided to give up on this counter.

Please check out ASTINO... TP2. 40

Thanks for selling. Managed to accumulate more today! Will collect more next week!

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.

On board 83sen..

KLSE has been in red since last Friday... What do you expect? I think our market iis one of a kind. We are back to 1560 while other markets are at their highs.

This is good as funds will be in when the time is right.

Today is a great day to buy. KLSE bloodbath!

On board 1.095

Hahaha, i3lurker is one of a kind. He delivers daily jokes.

$CHINWEL - Breakout with strong volume, MCDX turned strong, FiFt Spike with no sign of divergence. Very bullish counter and should be able to continue its momentum. Seems to rest on key fibo lines.
https://www.tradingview.com/x/oxZqt7Vb/
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R: 1.550/1.640/1.850
S: 1.470/1.400
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@ZykeDiscussionChannel
@ZykeChartReviews
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Disclaimer : All ideas and discussion are for educational purposes only. There is strictly no buy/sell call. Trade at your own risk.

I won't bother with AA for a while until the state boarders are opened for travelling.

As mentioned by KJ, that's only possible when 70% of the targeted 27M population has been vaccinated.

So, if you sokong AA please encourage more people to be jabbed. No point talking with no constructive action here.

Me and 3 in my family are in the healthcare team. All of us have been fully vaccinated.

See you in a few months later!! Stay safe and good luck! #vaccinessavelives

@Dickyme Well, as long as you won't become someone else's meat why bother?

Pbb is truly customer service oriented. My loans get approved within 2 hours 80% of the time. Sometimes on the next working day. Other banks take minimum 24 hours or 3 days to approve.

Hit on multiple fronts in 2020, here are 5 key indicators to gauge how top banks fared - The Edge Markets http://www.theedgemarkets.com/article/hit-multiple-fronts-2020-here-are-5-key-indicators-gauge-how-top-banks-fared#.YEhLe6NUq78.whatsapp

Public bank has the lowest NPLs among all local banks.

Vaccination program will speed up in June, when the vaccine supply is sufficient. C19 cases will significantly drop in August. After August, recovery stocks will lead BURSA.

They are in the news. I am more aware of them because I am part of the healthcare team.

ASTINO

I have rerated the earning estimate of Astino from range of 16 Sen to 18 Sen stated to 20 Sen. PE 9 to 12 valuation will be RM1.80 to RM2.40.

From the same analyst.

Oil usd50 uzma 60sen.
Oil usd66 uzma 66sen.

Oil usd69 uzma 88sen. This happened when uzma announced it secured the new contracts.

It requires market sentiment to go up, not really dependent on the oil price.

Now Covid-19 is still serious. Boarders are not opened yet.

Just buy more or hold until things turn better. It should reach 88sen by December 2021.

Same here. But it is ok.
Just hold. It is a very good company. TP1. 0 in 2022.

August

Will close at 84sen if not 83sen.

First batch of AZ vaccines (268000 doses) were completely snapped up in just 3 hours!!

That's a positive sign that our people are growing in awareness in the benefits of the vaccines to take us out of the pandemic!

Next batch of 1M doses is coming in this month. Malaysia BOLEH!!

---------------------------------------------------------------------No MCO 3.0 will be announced.
Tightened SOPs will be made.
Affected areas will be imposed Targeted MCO (TMCO).

Meanwhile....
No inter district / state travel.
No dine in.
No schools.
No gatherings of all sorts.

For Selangor, Johor, Penang, Perak and Sarawak.

No MCO 3.0 will be imposed.
Tightened SOPs will be made.

No inter district / state travel.
No dine in.
No schools.
No gatherings of all sorts.

For Selangor, KL, Johor, Penang and Sarawak.

No worries. I have many other shares in my portfolio too. Let nature takes its course. Everyone has different risk appetites. I will wait at 60sen.My respect to you with guts. My comments are meant for all of us to re-think before committing.

Short term, there will be turbulences. Long term there will be hopes.

The market never sleeps. Your money, your choice.

I don't worry at all. Why should I? I don't hold any AA share at the moment. It's a relief actually.

Nobody is saying AA has no future x3. Or else we don't waste our time commenting here.

We are ONLY saying that its share price is on DOWNTREND. Because of the seen and unforeseeable uncertainties. You may buy at 90sen. I am waiting at 60sen.

YOUR money. YOUR choice.

MCO 3.0 is coming

Good luck Airasia! Tomorrow is Friday. 87sen closing.
29/04/2021 10:14 PM

I was right!!

https://themalaysianreserve.com/2021/04/30/airasias-recovery-remains-an-uphill-battle/

Such low vaccination rate when can interstate travel be allowed?

Not just pbb, red sea across all local banks.

It will move between 85sen to 88sen tomorrow.

Good luck Airasia! Tomorrow is Friday. 87sen closing.

Hockwhapbb You've got that right bro! Our vaccine is pbb, the gloves supporters are C19.

Just let them post anything they like. Not affecting me anymore. Coz I have become accustomed to their existence LOL. They are like C19, just learn to live with them :)

Interstate travel will only be possible when a substantial number of the population has been vaccinated.

August..... the earliest, provided the vaccine supply meets the schedule. October, the latest.

3142 cases.. No highest, only higher!

45sen is coming?

@fightingdragons Yes, price will go up after the announcement of dividend ex-date on 6th May.

http://bursadummy.blogspot.com/2011/06/rights-issue-good-or-bad.html?m=1

RI in the making.. Price must go up before its announcement.

Good luck to all.

Vaccination started in February (23/2). In theory, the positive outlook becomes obvious after 4 to 6 months. After August, the recovery stocks will rock. Long term holders just sleep tight with no worries. Pbb is meant for long term investors.

EPF is pressing down the price to collect cheap, that's why.

The next uptrend is coming.

No interstate travel continues...

Bull trap.

Here are the facts. Pfizer will be given to 60%+ of the targeted 27M population in the country. SinoVac to 30%+ and AZ 6%.

@py1818 What's your ideal price to go in? Please give a few scenarios. Thanks.

Up up up!!