Eurobeater

Eurobeater | Joined since 2020-10-21

Investing Experience -
Risk Profile -

Followers

0

Following

0

Blog Posts

0

Threads

25

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
25
Past 30 days
0
Past 7 days
0
Today
0

User Comments
Stock

2021-05-10 12:33 | Report Abuse

Weird. The AGM terminated even before the results were finalised. Now cannot log back in. Anyone have the same issue?

Stock

2021-05-10 11:48 | Report Abuse

No. It was the 40 sen special dividend declared as part of their FY2020 final dividend. I wish the interim is that high lol

Stock

2021-05-10 11:35 | Report Abuse

True. One shareholder even asked about it. Can consider voucher? The Cosec say, regret to say cannot give, but we give you all 40 sen special dividend instead

Stock

2021-05-10 10:38 | Report Abuse

No door gift based on TNB's admin notice on the website

Stock

2021-02-23 14:37 | Report Abuse

7 sen dividend proposed. Not bad at all

Stock

2021-01-18 12:25 | Report Abuse

Anybody know how did Bank Pembangunan ended up with so many shares in Maybulk. They don't look like a bank that would buy quoted shares like investment bank so what gives?

Stock

2020-12-31 16:38 | Report Abuse

At this rate, any plantation stock is probably in danger of being banned by the US kek

Stock

2020-12-02 18:30 | Report Abuse

Why the steel counters suddenly got so much interest? And why the TP is RM 2.50? Seems a bit excessive.

Stock

2020-11-17 23:03 | Report Abuse

@Maxpowar Thanks for the info. I had a hunch it was them. But needed to confirm it.

Stock

2020-11-16 00:46 | Report Abuse

Also, does anyone happen to know who is the big customer of Magni? The one that gives them 90% of its revenue. It seems like a big global company of some sort, but I have no idea who.

Stock

2020-11-15 23:22 | Report Abuse

One interesting thing I find about this company is how the executive directors are rewarded. Unlike the companies I've seen, the directors of Magni-Tech are paid mostly via bonuses or incentives. About 70% of the executive director's remuneration are from bonuses and incentives, with the rest being the standard fixed salary and BIK. Most companies I've seen only have tiny bonuses, maybe around 10% only.

This seems to have driven the executive directors to deliver, and they indeed have done so over the years. A sign of a very good company imo

Stock

2020-11-15 21:26 | Report Abuse

@AllanTingAS The figures I put in are the emoluments (with some EPF put in but that's not very significant). The shares owned by the directors have not been taken into account.

Another thing, unlike most other companies I've seen, KSL doesn't breakdown the director's emoluments into executive and non executive. They just amalgamated all the emoluments into a single category, Director's remuneration with just 3 categories, salary, SOCSO and EPF. They don't even break down the BIK.

Stock

2020-11-15 00:20 | Report Abuse

I initially thought this was a bargain counter...until I saw their director remuneration policies. For some reason, after 2009 when Haji Ishak was replaced as chairman by Ku Hwa Seng, the director's salary started increasing like crazy. The other directors had no change.

I present the 10 year history of their remuneration of their executive directors based on their Annual reports (in RM '000)

2008: 3,920 (Dividend: 5 sen)
2009: 3,913 (Dividend: 5 sen)
2010: 3,890 (This is the year Ku Hwa Seng takes over as Chairman. Dividend: 5 sen)
2011: 5,559 (No dividend)
2012: 22,551 (No dividend)
2013: 34,437 (No dividend)
2014: 34,890 (Dividend: 10 sen)
2015: 37,569 (Dividend: 2 sen)
2016: 38,41 (No dividend)
2017: 38,43 (No dividend)
2018: 38,45 (No dividend)
2019: 38,67 (No dividend)

Why are their salaries growing at CAGR of 25% a year? When their revenue has only grown by CAGR 14% p.a?

Plus, I noticed they had been doing share buybacks over the past 10 years. They didn't do any in from 2019 onwards. I feel like the management of this company is more interested in helping themselves then the shareholders.

Stock

2020-11-13 12:30 | Report Abuse

Oh nice. I was wondering when they were finally going to get rid of this useless vacant building. Hopefully they use this money to pay down on their borrowings or give to us unit holders

Stock

2020-11-12 22:47 | Report Abuse

Why is TG buying back so many shares? They want to protect investors or Tan Sri, lol

Stock

2020-11-12 10:50 | Report Abuse

Anybody know why suddenly MQREIT wants to change their name?

Stock

2020-11-11 15:56 | Report Abuse

Those that bought at RM 9.50 last week must be feeling damn happy lol.

I'm just happy that its in the green even. Long time no see like this

Stock

2020-11-10 20:13 | Report Abuse

Damn. Lucky I just sold Harta yesterday during the morning surge. Now I can buy back at a cheap cheap price lol

Stock

2020-11-09 16:44 | Report Abuse

Suddenly this stock attracted quite a bit of interest

Stock

2020-11-02 16:35 | Report Abuse

I wonder if I should average down? Then again TNB already takes up about 15% of my portfolio. Duwan to keep throwing money here if there are still foreigners selling kek

Stock

2020-11-02 16:24 | Report Abuse

Company is in net cash position. Net current asset per share around RM 1.08 - RM 1.14. Historically profitable, but net margins quite thin (NPM around 2% - 4%). Still, quite a worthy buy. The only major issue with this stock is the recurring loss-making associate, Hanwa Steel. Don't know when the turn around is gonna work.

Stock

2020-11-02 16:20 | Report Abuse

This counter looks good. Loss making for one or two year sure, but historically very high ROE >12%. It also has no debt and selling incredibly cheap currently compared to its net current assets of around RM 1.08 per share. Seems to stand out from the other lumber or plywood manufacturers imho.

Stock

2020-11-01 21:43 | Report Abuse

Why is the annual report for this company report using RMB currency instead of MYR? This is allowed meh?

News & Blogs

2020-10-29 23:25 | Report Abuse

Nice analysis. Am looking at this stock too.

I have another candidate. Focus Lumber Berhad. It also has been undervalued by the market and it also produces plywood and venner in Sabah like Eksons. My back of the envelope calculation says Focus Lumber Net Cash per share should be around RM 1.08 compare with its current price of RM 0.77 now.

Would be interesting to know what you think about this particular stock as well.