Jackson dont forget about the long term bonds for Mah Sing ya. Its about 1b + plus.

Instead of assuming, I suggest you listen to what they have to say in that link i shared. All the cash which is not a lot will be gone soon for investment into Marigold / Sunflower and they will might have to borrow if their JV doesnt raise enough capital.

So many sifu here but no 1 can reply me whats the cost of production of Anasuria cluster and North Sabah. I found the info here so u decide if its good or bad

https://www.youtube.com/watch?v=iLebQI_P54o&feature=youtu.be

What ever happens Trump has been responding in the right way thats why the US market is still holding.

i think you better read more coz some of things you share are not accurate. Trump is asking states to open and some are going to. Its only places like NYC that probably wont follow. You have your hero Cuomo there that blames everyone but himself on how he has managed the crisis when he accounts for half of all the cases and deaths or more. He talks everyday but ppl look at results

My cousin lives in NYC. There is no lockdown there coz the police cannot even control the crime there even before COVID there. They havent even charged 1 person for non abiding with their lockdown as they feel its their constitutional right.

Huatexpert : Financial year end December means last Q was Dec 2019. Next Q is Mar2020. SC requirement is 60 days from the Q so they will announce 31 Mar 2020 + 60 days grace period.

Im just sharing on the analysis part and not saying you wont make money. Due to sentiment it will likely go up still coz alot of funds just follow the herd and depend mainly on insider trading. Its a sickening truth thats why I will never buy into a fund.

Its the same thing for so called Tech stocks. I actually knew quite a few these before like DUFU, UWC, etc. But seriously these are not TECH companies. There are no patents, no intangibles, what technology are they referring to. They are just a sub contractor that does some design & build. They use CNC machines + metal stampign to do metal casings for assembly test equipment. You could do it too if you get the contract and buy the machines.

IF they supply to NASA Aerospace, now that ill say its tech then

haha if you take out future growth then how to analyze and compare those with higher PE. High PE means high growth story, then your analysis will only be skewed that the lowest PE is the best buy

I only i have one question, hope someone can share. What is the hibiscus cost of oil production in anasuria cluster and north sabah asset ?

You know what is interesting. Glove companies never had much excess capacity even before COVID. They were always building to accommodate future growth and this always takes time.

If every industry whether steel or manufacturing related needs time to increase capacity, glove is no different. each line to refit or add takes potentially 6mth end to end ( from ordering new machinery line, construction, production, test-run, etc ) to 2 years if its a new building. So if demand does increase, are we correctly factoring that these new profits can be recognized immediately.

Also, i think u guys really don't know glove industry and simple analyze. Today, if u got excess capacity, you can sell to anyone at all. All the medical buyers take time to evaluate your product and do factory audit which normally takes 6-12 mths to complete before they can place an order. Most large companies these SOPs in place and cannot bypass these processes. It is because of this, buyers try not to change suppliers due to lead time taken for all this due diligence and audit and also buyers do sign contracted prices with glove manufacturers. So uptrend in demand doesnt mean glove companies make more. Buyers will also ask for price reduction every quarter when they find latex / nitrile prices go down. So dont wrongly jump into the wrong conclusion.

Also, my observation but more ppl are buying face masks and sanitizers instead of gloves

moneyfind this is not a O&G stock. I earlier shared my view on stocks on hibiscus here as an example and the reason i didnt post on hibiscus forum is i have no intention to pour cold water when ppl are hoping their stocks go up. If you dont have anything good to share, dont just pour cold water here and be sour grapes.

Anyway the reason why things can be different for LCTitan is you have to look at the demand and supply for the stock. Last time i wouldnt have bought LC Titan at RM3+ and wasnt looking for such a defensive counter. Now i think its way oversold, ppl are taking interest in this counter and i strongly believe there is upside on their business and i bought for the dividend ex 8th May.

you need some volume to stabilize price whether its uptrend or downtrend. if it rises too fast without volume, it wont be able to sustain and rest of participants of market will know it wont hold

I just joined the party :-)

Huatexpert : 22m is actually about 3% and yest about 5% of free float shares in market. Assuming its 2.3b shares ( and you discount 70% of that coz Lotte Chemical Korea is not going sell shares at this price ), this counter is actually not too bad. Speculators don’t buy this kind of shares la, They go for Hibiscus, Dayang, Etc

And those you need to worry even more about coming QR coz no 1 really knows the impact. For e.g. when oil price was USD 65, Hibiscus was 80-90 cents i think ? Now oil price is USD20-30 and its 48 cents. Don’t forget there is a cost and breakeven for oil extraction. For LCTITAN there demand and production might drop but there is upside already and anyway they will benefit from lower cost due to oil higher selling prices now due to PP.

My take is some local funds are increasing their stake ( most of shares held by funds anyway ) to average their high costs and coz dividend is coming.

Kelvin most ppl are going for tech ( vitrox, inari, UWC, Penta, etc ) and gloves which i dont want to. PE is so high and i think its ridiculous.

Almost everything that is moving up everyday has high PE now and no 1 has factored in probably worst earnings for Jan to Mar 20 quarter.

Im also looking for stuff that is reasonably priced with upside. Genting actually can buy and keep coz it will go back up later.

If its HDA money, technically they are holding in trust for the development.

jackson : u dont analyze just purely like that. you have to look at the type of business. first of all you missed that they have sukuk bonds and other long term borrowings of 1.2b. Remember a 2-3 years ago they were half dead and raise this sukuk bond to save them. Secondly, some of the deposits are due to HDA accounts. I will just tell you that they got crap reputation ( ask your contractor friends ) and most ppl who bought their developments didnt make money over the past 2 years. They are good in managing their financials to keep financiers happy.

Dont touch Mah Sing and Ecoworld. Most developers are not doing well and these 2 in particular have high debt and running too many projects at the same time.

Profit take for weekend ah. now MCO no where to spend money anyway. I bought less than 4 days already up 50%. I thought i have to hold 2 years

Ochai : Promoter is Lotte Chem and local Funds who are the main shareholders. Not anyone here in this forum la. You better go back to your Hibiscus and Dayang forum and spam there

Gemini for someone who was sharing a lot earlier, im surprised you sold this quickly. Anyway never wrong to lock in profit.

Im prepared to hold long term for this counter.

Everything else is over priced i.e. Glove, tech, O&G, etc. Wait until quarter earnings come in see which companies still report good profit.

This is the only company I can sleep well. no borrowing, high cash, top 30 players in industry worldwide ( Lotte Chemical group ), low PE and got dividend. And they have shown to be able to sit on cash too, a lot of ppl cannot be conservative and sit on cash. must spend. And oil price drop from 65 USD to current price ? margins will be coming up even though u say demand might drop.

They shouldnt banned short selling. Let ppl make both ways of the market and let market forces decide.

i hope you guys know what your buying. If you think construction contractors are pathetic, solar EPCC are even worst. its not a high tech business they are installers, anyone can do it just import the panels yourself, inverter and apply for feed in tarriff from TNB

Experienced solar farming like Cypark who do themselves now coz its so low tech instead of going to solar installer now trading at 4 P/E. Over here you guys will to invest at this P/E for this smallish company and no one knows how much they will make

i just joined you guys this morning :-)

Anyone knows why Insas Receivables are so high and why bulk of profit comes from other opeating income ?

WTI Crude just went up 22USD which is less than 10% but our all professional fund managers are going in. Most companies will still have huge losses or drop in earning based on this price or even if price goes back to 30 USD

no real track record as developer and even top tier developers are now suffering. u look at the article also u shake ur head. even the name cannot be more creative. every idiot calling their place damansara until today. Shah alam also can be damansara. Embayu ? Sounds like a copy from IJM Rimbayu

business out there all dying due to MCO now as it is, not even mentioning about taking additional loan to buy more properties

Post removed.Why?

I read the article. It's says preliminary stage and will roll out in 2019.

And it also says no more NGO, which means either ahfad u don't know what ngo means or u think myeg is a governmental body

Either way I don't really care coz in 2 weeks when the price is at the new low, you will be missing like nazri

Your basing your decision on UOB Kay Hian who is giving an opinion ("they believe") that they will win if this system even gets implemented.

I read and listen to news and reports to get factual news not opinions. Anyway look their last 10 analyst calls and u decide if u want to trust them

They are so many ebidding marketplaces online over the past 10 years and yes its not high tech and doesn't cost an arm and a leg. And yes it will be one off with no recurring income as why would DOT give the contractor recurring income at all?

Last chance to exit while Ts Wong and company is still trying to support share price. Im surprised that there are still retailers going in when KWAP and EPF are selling down ? They still have plenty to sell and they will likely clear everything..

When prices crash, they will be support at every level. So you wont see it dive start to zero at one go. Every level will have support and once its broken the next level will be tested. So dont take this temporary recovery as a sign of strength.

Look at the overall trend whether its a graphical or statistical one that you choose and try and use that to justify yourself buying.

Dont listen to all these silly analysts who are been asking you to buy ( including Macquarie Group ), look at their recommendation and basis. They only can talk about historical PE and earnings but no one dares to comment on reliability of future earnings.

If you are a shareholder of MyeG, i just want to remind you that Ts Wong has lost close to RM20M of your company cash buying back shares the past 2 weeks and he has also lost a fair bit himself.

I dont know why people can think of buying just because they think its cheap. I only buy things because i think it can go up, whether cheap or expensive. If its cheap, and upside is limited. How to buy ?

Its clear KWAP is selling and still got a lot more to sell and EPF buy back volume is not enough to sustain. The truth is most funds not should be selling, but have to sell. Arent they bound by policies if a stock or investments drops by more than 30%, they have to justify keeping it. So funds are unloading to retail investors likely.

For those still holding, better recoup some and fight another battle. If there is another limit down, you will not sell anymore coz once you lose enough, you will be blinded by emotion and you will leave it there.

Over the past week or so, they have bought 32m shares back under company, and already lost 20-30% which is approx 7-8m for you.

For those that think govt contract signed is no risk, all the construction companies with existing govt jobs are under scrutiny especially those that were awarded without open tender. We only thought the big megaprojects but even the smaller ones are in question. VOs will definitely be an issue and payment from govt for contract works can be deferred until they are satisfied.

With big funds exiting, it means they managed to con retail investors the past few days to go and buy / support.

No more announcement for related party buying or company buying back share price which indicates they gave up supporting at least for now and probably knew funds are exiting. As a courtesy I think funds would normally informed before selling down.

I doubt any upside, better recover capital and redeploy somewhere else.

UOB Kay Hian. Whats a stupid recommendation. Buy 92 target 1.06. Might as well dont write a buy report. Especially for this kind of stock, either your strong believer that it will rebound 30-50% or drop. No even the char koay teow seller is looking at 15% for this stock.

This is why all these analyst fail to create any impact.

Angwk, I don't know about you but I definitely invest into companies that focus growing their core business and not try and make money via share buy backs etc, as should let market forces decide the value of your shares. Coz it will ultimately be decided by market anyway

Even if they climb up from this market to market loss ( as they are currently losing on 30m Shares on higher costs) and make a profit, I don't know what to think of it.

I don't know which is worse. Pay 20 PE for mgmt that needs to gamble on share buyback or the fact they have cash of 200m plus is sitting there and generating a poor Fd return.

You can ask around other investors about their feel on special dividend if they have offered one. Don't take my view alone.

Anyhow, Im surprised how silly the management of the company is. It is was me, instead of using so much cash to buy back 30m own shares and now lose money, just announce to a big special dividend to support your own stock since they have the cash anyways. This would better support the stock.

Im sure he going to continue using company funds now to continue supporting the share if it gaps down or limit down.

Its these kind of bad decisions that make me think this company has really weak management

Interesting. TS Wong disposed and bought on the same day. No time signature so you can only assume either he sold first then bought back cheaper, or he was trying to defend and bought 16.5m and later cut loss selling back 5.6m

If he sold 5.6m at higher price, then later bought back more at cheaper price i think a lot of people would be pissed.

Next question is the 20m shares company bought back, was this part help him sell out 5.6m at a higher price? or just a failed support operation.

Read the interview. TS Wong admitted that this is not 'rocket science' and this is not really a TECH company per say. Its more like a govt contractor.

Many companies even in Malaysia can easily bid for the same piece of pie, Datasonic, Iris, DNEX just to name a few and not forgetting that there a ton of of ACE counters are mostly tech / software companies that can also JV with foreign parties to get the job done.

If you really think its they have superior capabilities, just share with us what they can do that others cant. Where is their intangible / intellectual properties in ? Coz previously PE was 40 times, now its 20 times.

IF you pay 20 times PE, at least know what your paying for.

http://klse.i3investor.com/servlets/staticfile/328651.jsp

George kent does construction really ? I didnt go into detail but lets see this key facts:

1) Since becoming a 'rail specialist' their balance sheet does not reflect it or any sort even if JVs are on a 50:50 basis. Look at their PPE machinery assets growth over the past 5 years, look at the receivable growth. Doesnt look like they took on a large construction project. If you say all the figures are not consolidated, you dont see any large cash out to associates for these JVs.

2) Contract or even turnkey margins are not that high( avg is 10-15% GP for normal jobs, for highly skilled maybe 20%GP ). You can use the 'real specialist in construction' like IJM, Gamuda, WCT as benchmarks on what kind of margins to expect. If it was so profitable, why do all the big construction companies like those mentioned above now try to diversify to other businesses.

3) What does GKent actually bring to the table for JVs like with Gamuda. Its the Najib connection i would assume, why does Gamuda even need to JV with GKent

4) HLIB report link above for a different view. However, this so called analyst doesnt even know GKent doesnt really do construction or even if they do, you cant call them a 'rail specialist' just after doing a few jobs over a short period.

5) Yes fundamental on historical look good. Even today if Gkent was as good as IJM, Gamuda, etc, there is a tendency that new govt would want to not give it them all things being equal due to previous affiliation with previous govt. Unless of course, you say better and cheaper and better track record then to be objective ill say yes.

THis is why Najib stocks are all down. Not coz they got no fundamental based on historical, but its the future.

should be fair to retail investors and let them sell. i would be damn pissed. why they control the price

KUALA LUMPUR: Bursa Malaysia Securities has frozen the lower limit price for My EG Services and George Kent with effect from Wednesday after their shares were battered over the past two days.

In an announcement on Wednesday, the regulator said the lower limit for MY EG was RM1.27 and George Kent at RM1.94.

Energiser follow the simple rule. If you buy whatever at whatever price, whom do you plan to sell to and at what price

Normally we hope that funds will buy at a higher price so we sell out, provided its a good counter. In this case, construction related is now on the negative list together with property stocks.

You have to assume that there are a lot of smart people in the market and they are normally smarter or sharper than us.

Here, look at Annual Report 2017 last few pages. All the top 30 shareholders including Tan Sri + wife account for 69%

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=180989&name=EA_DS_ATTACHMENTS

That should be already aggregated. Anyone who is deemed related party shareholding will be consolidated.

You have to look who are the shareholders of Kwok Heng Holdings Limited, Kin Fai International Limited, Suncrown Holdings Limited and Star Wealth Investment Limited.

Major shareholders of those companies should be both Tan Sri and wife.

Similar to MyEG, many want to sell cant even sell coz the moment it opens, its limited down. I have friends trying to cut loss also cant and the question is tomorrow what price to put to sell.

From a industry point of view, now is exit all construction especially infra / govt related. You can ask your friends in supporting industries like steel, hardware, building materials what they think.

Why catch a falling knife when there is limited upside.

You can check your sources coz mine told me ( who knows Tan Sri himself ) already flew out on the 10th of May after the result. There is confidence for you.

They were reporting good profits previously but with the re-negotiation of contracts margins will only come down and eventually the 'fat' will be removed from the equation and then actual contractors that actually do the work will then ask why do we need Gkent anymore, what do they bring to the table.

I doubt Tan Sri holds 80% as that would in breach of minimum shareholder spread and also breach the threshold to call for General offer.

anyone know how is the new mall in Paradigm mall in JB doing ?

1MDB contracts exposure for WCT doesnt seem large, a few hundred vs their orderbook.

Stop pretending that anyone here has any influence on the demand of this stock. Its institutional play and hence price will be supported as long as they want to hold it. Also, look at how many sellers on board.

You can go ahead and sell. We be collecting from you.

That is exactly why Insas at such a low PE. They don’t have a good reputation but do make money. I won’t comment if their model is sustainable but they won’t give good dividends so no point writing to them. They are good in doing deals, so you can forget about it if you think they are going to do us any favors.

If you only look to value companies based only PE you would definitely be inclined to buy this counter. Think about all those stocks that are severely undervalued and why they are actually discounted by the investment community.

A lot of those are strongly recommended by Calvin Tan like MUI, BJcorp, Etc.