The money (which was raised through IPO) has been allocated accordingly as to what mentioned in IPO prospectus for the real purpose. Thus, I reckon that the money is parked in the money market temporarily. Amount utilised has also been mentioned in the report.

One of the best value companies we can find in Bursa. Strong cash pile. Also, it is great to be in Malaysia, a developing nation with strong focus in construction and building more houses. Thus, consumer products are a great industry to be in. Been sitting on good capital appreciation and dividend. The only challenge is to grow faster and bigger.

Hi johnkhoo0904, money market is the most liquid form of investment, as compared to leaving the money to fund managers, buying bonds, real estates or the high risk forex. Investment can be easily divested for cash, most of the time it is even easier than selling unit trusts or cashing from fixed deposits. But due to high liquidity, returns tend to be low compared to those mentioned. So it is more a matter of when you need your cash, how fast you can get it back and how much returns you're targetting.

Coastal seems to be another out-of-favour stock that comes to our radar recently. Compression in margins across both business segments are something that we need to worry about. However, we like the dynamic and superior management in this company. Hopefully the recurring income from FRU and JUGCU can offset the prolonged bad oil price environment. Happy Investing!

Penta seems to share similar pattern as JHM. Strong business growth will catalyze stock price appreciation. But, we rather see Penta going towards Inari way rather than JHM. Yup, someone pointed out to me that big diff will be dividend payout. Thus, it is for us to see how Penta transform into a resilient and sustainable player, esp after the new factory start operating and Smart segment turns huge. Mind you that Penta is building cash pile secretly (If you care to find it out, just check the cash and debt level). So patience will be key as an investor for this counter.

There is zero tendency for this stock to go up as there is zero concrete evidence for its revenue and profit to rise. EnergyPark Peterborough and Thailand’s renewable energy business currently need financing rather than start contributing to the group. RAPID projects are going through cost rebasing post oil price plunge.

There are too many white knights and turnaround promises stories come about in Malaysian publicly listed companies. Worse still, Lee had to appear as his own white knight for this stock. And he failed to create excitement after so many failed promises (Please go through what happened in the last 10 years for this stock). As mentioned earlier, it's never too late to invest in stocks. If Peterborough and Thailand project have recurring income as said, then wait till the first income kicks in. You don't have to buy and pay for the borrowing costs for these 2 years.

If you're a short term trader, by all means go trade as I've no idea how to. But you're a long term investor, or hoping to see your investment appreciate as time goes, please read into my comment.

Is Penta in IOT? The strong factor still relies on Automated Equipment segment, which now tends to have much higher margin after they've discovered how to provide complete ecosystem to clients, and the new Smart Solution, which the new CEO will be bringing the now fruit-bearing segment to whole new level.

Hi VenFx, you are not wrong. We compared the growth story, but not the business divisions.

However we did some deep research on the business models and found several strong catalysts that led to our confirmation that Penta is at the early stage of Growth Mode in Business Cycle, which we think is years away from Peak (at least until the optimised level operation of new factory). We particularly like that Automated Equipment segment is doing well due to product mix. We understand that such offering can derive much higher margins. Secondly, is the new segment: smart control solution. If project management were to do well, there will be a boost in this segment. Coupled with good mix of serving different industries, specific industry downturn will not have strong impact for this stock. Few more things which we decide to keep it too. Pardon for long business talk as we specialise in business modelings thus we tend to focus a lot more on how one does business. Hope this helps your decision.

While it is not close to distressed situation, we recently looked into Gtronic for a bargain hunt. We are in firm position that the management will do better for this out of favour stock. Bear in mind that distressed investing situation does not always result in strong profit. Some will liquidate or be acquired, while others can languish with depressed stock prices for years.

Our research shows that most turnaround stories happen in companies of this size (among stocks in Bursa Malaysia), rather than those you always listen to or read in news (most, if not all, tend to be penny stocks). White knights come in with great promises, only to see nothing happened or project failed. Thus, we rather believe in strong current management that have serious will to bring us through. Forget about those that prefer to come out in limelight, rather than spend time working on the business.

We believe that Penta is in the Growth mode of a business cycle. While it is at its early end, we will need longer time to see it through how it transforms itself into a bigger player, esp after the operation of the new factory. Let's see if it can emulate the great success of Inari. All the way to a better future!

Congrats for those deciding to hold on. Please look forward to the next quarter. For us, we decide that this stock will be in our portfolio for 2-3 years to see how the company deal with the increased order and new factory setup. If it could cope and have continuous orders, we will be happy to be long term shareholder.

Technical Breakout for this stock. Our fund is looking to sell RM1.10 for small portion, then re-look at RM1.30 region in few coming quarters. Good Luck, guys.

Thinks will be a bad market to release such fantastic result. Let's see if it's out by the end of August. Good Luck and Happy Investing.

It is always not too late to buy into a turnaround business. BUT IT IS ALWAYS too early to buy into a turnaround story.

Have fun looking intro resilient and growing business!

Please wait to look for attractive valuation. Refer to my previous comments regarding this stock. Be patience and hang on. Thanks.

Rather than TP, let's see if the price is attractively valued (within Margin of Safety) or in a fairly valued situation. PE is still attractive for anything below RM1 for now. I think it will look nicer with improved revenue and profits in the coming 2 quarters. Will continue to hold for long term.

Eventually this stock will find its equilibrium below RM1.30, prices fluctuating as like a year ago. The simply reason being the competitive business model, lack of growth factor, uncertainties in the markets that the business is in and more importantly prudency of management. Our fund loves the high ROE yet remain cautious with so many negative aspects of this stock. Will consider when it falls below RM1.20 to give us a comfortable margin of safety. NOTE that we are still not buying even if it reached that price range.

There's one huge problem in KC Chong strategy, or I shall term it as financial analysis. It is just a component of a thorough analysis but he seems to make it as though financial analysis is everything else in investment. As much technical as his articles sound, you can easily learn all this by going through CFA books, Joel Greenblatt, Howard Marks, Seth Klarman, Walter Schloss and of course Buffett & B Graham. There's no reason to email him to follow his courses. Everything you can learn from him, you can learn from the few investors and CFA books that I've suggested. BUT, the underlying problem is his failure in finding great business moats and sustainable business models. Or that he lacks analysis in this area. This, coupled with local economic understanding, will prove to be greater key to investment. Regardless of KYY's personality, his golden rule of "higher earning in the coming QRs" seems legit. Just that behind this rule, are all the tedious research that one has to go through.

Please refer to my past comments on the company's business models. With the exposure on the European market, we are unconvinced with the outlook for this company.

I don't see why 0.90 cannot be reached. But our small fund is looking forward to the next 2 quarters with TP RM1 in mind so that we can adjust our portfolio. In the meantime, hold on, accumulate on weakness, while we enjoy the good results in the coming weeks.

Fundamentally, this will be a great stock when medium of exchange in SEA moves towards electronic. If cash is still the preferred medium, it will be difficult to see a great impact. Valuation is truly too high at this price. Hope this helps.

Hi R40s, I also wonder about the forex losses but I can't seem to find any plausible explanations. I certainly hope "apparels production costs was based on mainly above 4.0" is not the case. It will be tormenting and disastrous.

Why is the company experiencing forex loss?

http://www.thestar.com.my/business/business-news/2016/06/24/broadcom-ltd-invests-us$250mil-to-boost-pensng-operations/?utm_source=dlvr.it&utm_medium=twitter

Will buy below RM2.60, patience is key.

Getting excited after Brexit? I think the share price growth will be simultaneous to the profit growth in the coming QR reports. After digging deep into their business (which are pretty confusing), we are confident to see improvement in the report coming out in weeks.

Be like JHM or Inari? Aemulus does have the traits and potential. Now all relies on whether they could come up with products other than RF testing and move ahead in the enterprise storage game. Sector diversification could be another game changer. Wish they could see that automobile and smart home/office building would be huge market to tap into.

Still, Aemulus is a startup company and hopefully the management could grow and mature so that the business could also grow like JHM and Inari.

Hi rayloo, yes you understand how we relate bottleneck in production to business maturity (in whole business cycle). We wouldn't say wait till the operation of new factory to begin another cycle, but based on current business model, it is one huge factor. Perhaps, new models, new customers, or new economic environment ( like e-commerce in China) would be strong catalysts.

Hi R40s, we do get accurate info on the number of clients. I'll just be straight to the point, that this firm relies heavily on a single client (pretty sure you know who). And that's what we meant, particularly how much revenues is derived from them. Good day! :)

You mentioned this in 9th of June
"Another point on Prolexus' expansion plan, they have stated in their RI's Prospectus that their factories are currently running at full steam, operating at more than 90% capacity (technically, 90~95% is as good as Full Capacity, because of inevitable machinery downtimes and workers stoppage)".

As you understand, we don't wait till 100% capacity to call it matured. We mean now, at current level. Full capacity contributes to maturity in terms of production, but after our analysts checked around with the number of clients, we're set about putting this company's at business maturiy.

We don't see any high growth element in Prlexus (based on financial reports and production level). Hence, without it, we compare this stock to its peers like magni who is generous in divident (again due to business nature).

Expansion plan is a tough time as it is enduring tough economic climate. What if Nike is reducing orders after factory is built?

Every business has a cycle. To reap better returns, sell the warrants to get the mother share so that we can enjoy the dividends and capital gains. Value increases with time for mother share, while warrant declines due to decreasing time value.

*We've yet to fully value this stock, but will continue to monitor how RI and WA will affect the share price as well as issues affecting the business.

We are in the view that it is downtrending as its business is reaching maturity. Any expansion will take time, and within this period of time will see difficult period of high capex and low dividend yield. Please only enter at the end of this period and when the cycle turns to growth.

Converting to bank does not change its lack of business acumen and quality management personnel. Redtapes, inefficiency and lack of growth catalyst are all main issues. Converting to bank does not solve any of these, rather creates more problems and competitions against the established bank players.
Goodluck to those believing in this stock.

It will be a steal if we could get this counter at RM1 (given the current fundamentals remain unchanged). But our fund is comfortable within the range of RM1.60-RM1.80, perhaps I will share more thoughts if we could find more info about this stock.

We stand still with our valuation and play the patience game in order to minimize our losses and maximize our gains (There's no sure thing in this game!). There is no need to rush in to buy at current price.

Got informed by our analysts about the downtrending fever going on here. We had always loved rubber players due to its sector resilience and sustainability. In fact, we had Top Glove and Supermax in radar and ready to enter when it falls within our acceptable margin of safety. We kept TG at a halt due to its secondary listing but closely monitor Supermax.

With a great business model, the only concern remains is the attitude of management. Thus, we discount this by widening our margin of safety. We are ready to enter between RM1.60 and RM1.80. With bearish sentiment ahead, I shall remind that placing a BUY at RM2 is unnecessary.

Patience in buying, quickness in selling. Happy Investing!

I mentioned months ago regarding the business model and how it has no moat. Please only buy if it's within margin of safety. As per our valuation, we will queue to enter around RM1.20 (with only financial valuation taking into considerations).

There is no rush and need to enter a downtrending stock since CW has no competitive advantage over its competitors. Thus, our fund will issue a BUY when it falls into our price range of RM1-Rm1.20 with a wide safety margin and considerable ROE.

Will offload some at RM1 after picking more at RM0.80. Hold remaining for 2 quarters to hopefully reap more returns.

Operators will try to push it past 0.915, in anticipation of the coming QR report. Thus, traders will come in upon the breakout. Investors shall start accumulation below 80 to reap higher returns, albeit a longer duration.

Good profit after few days. Few of us are ready to go. Thanks aemulus. Goodbye.

Why bother to buy now when it can go lower? Why bother to buy now when you know coming quarters will be bad? We all know how fundamentally challenged are for OnG companies. It has been damaged and will take some time to recover.

Long term wise will be great definitely. 5-10 years time frame.

Cold Eye is still in. Company is doing well.

Ready for the new announcement later. Goodbye Penny!

He just gave 4 reasons to show how idiotic one can be. Another 4 reasons to show people no longer to need to click in to read what DannyTanSiongKee write. He no longer spreads lies, but goes around showing his idiocity.

Specifically love how soup3333 can sit in AGM when the AGM is tomorrow morning, starting at 9.30. Wonders if you could tell more.

PE is about 70x at RM2.5, which is pretty much overvalued. Fair Value at RM1.50, while we will consider if it comes below RM1.50 for a wider safety margin. If profit does not catch up to its price, we shall see a huge selloff.

Happy Investing!

We advise for a small accumulation at current price. It has been rated as "future" BUY as some policies in our managed funds do not allow us to buy for future. We need more improving quarter reports (both revenue and PATAMI).

Happy Investing!

Please consider this stock when it is priced below RM4. The lower the better for a higher safety margin.

I'm not sure on what basis 5.50 you're expecting, maybe technically? I'm also not sure if CIMB is a good counter but as an analyst in banking sector (though I was previously working in Europe), my only concern is if CIMB's ASEAN growth is intact. CIMB Niaga’s gross NPL ratio rose again to 3.90% end-Mar 2016. Credit costs increased at 285 bps in 1Q16. It is a worrying figure which highly reflects how bad a banking business (and the local economy) could be.

Let's hope CIMB is doing better in Malaysia and other markets.

Price is what you pay. Value is what you get. As an investor, I would be happy to help out on valuation but please do more research on fundamentals (Business models, working culture, management expertise, political links etc). Forget about financial valuation as most bank stocks are deemed undervalued (if you merely use financial ratios). The sector will continue to trade at such valuation because of mess and complications we are seeing. One example will be macro issue like interest rate, national issue like poor housing market (low loan approval rate).

Hope this helps.

I am confident enough to bet with you that the block of buyers are EPF, while Mitsubishi UFJ could still be selling. Business is good? Good Div Stock? 2 points mentioned easily lose out to Maybank and Public Bank. Read and research before you invest. It is not hard to lose money in investing if you're not careful enough with stock selection. Best regards/

That's exactly what I wanted to bring out. Who are there to buy 51 millions which will be dumped in the coming weeks till last day of May? Like Usd888 said, surely EPF will be there. But every season investor/trader knows that EPF will not only buy but they also SELL at the same time. Please be aware of this.

Few of us research analysts certainly recommend Maybank over CIMB due to many reason. But 1 specific and fundamental one will be its moat in terms of reputation. CIMB is infamous for its lacklustre attitude by employeees and poor system. I personally visited a couple times to their offices for investors presentation.

He doesn't need to execute trades with his many accounts and remisiers, yet he has to fill the form all by himself.
He has undermined the digital world. It doesn't work like being a columnist in printed newspaper. People get to discuss and share opinion in social media. With that, people talk about your intention more than what's in your article.

''It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. ''
-Warren Buffett