In EnO it's foreign investor is Dimensional Fund from US. This fund is in most PD. may not be a big concern as the % can easily be absorb by Sime.

Kimlun's foreign buy in exposure as Grandma can see is only NBIM ( Norges Bank Investment Management). It is a Norwegian pension fund much like EPF. This may not be much of a concern yet firstly Grandma think they will continue to monitor the improvement base on the tapering in US and Secondly, Europe is still not out of the crisis yet.

It's strange the behavior of the market seem to suggest the tapering is meant at removing the "policy oif easy money" altogether however in reality it will be in stages. Now what it also means in that statement is longer term monitoring and sustainence in our market because the changes with be felt on emerging market first. As we sit on that boundary of emerging market, we have seen this before. So the real question Grandma feel is what is the proportion this time.
So the next best step is to check who are the funds buying into your counter. BNY, Dimension fund, etc.
the bigger the % caution need to be taken.

As long as KLCI below the 174x and noninitiative from. 1719 to rise, the shares will be going down south. The initiative has got to be solid and passing at least 1735 to be convincing. Grandma can rest until 3.30 at this rate of action

That's the nature of construction as mentioned earlier. Their Avg Net Profit is at 5.3% and OP at 7.2% . Overall use of their asset is par above but can still push with ROE at 18%. Grandma feel the company has intensity but has a lot of pressure being construction and not an overall construction services to include PD.

Grandma like the intent here shown in opening. Buyer has intent but market has other idea. In tis type of cases, watch the share when the situation is recovering.

Here we go

Property development. In this line, the announcement are crucial because if you announce too early on intent, competitor may forward their launch announcement earlier to catch the market. So their thought are always align to this.

Grandma also foresee a lot of launches may be fast forwarded by all PD towards end of the year to catch the buyers before 2014. It's now in a catch 22 situation as Loan, mortgages, eligibility, credit, credit card, pre approve, etc all tighten by BNM and will b further tighten. The developers have to go the extra mile now like what they did for Country Garden Danga with coaches to fetch potential buyers and expensive door gifts on top of all the free SPA, MOT, legal etc.

Their margin will b affected without doubt.

Grandma believe Danny Tan calculate risk and is a very shrewd dealer in a complimentary way. He won't waste bullets on a card shown unless he intends to show it deliberately with an objective. This will also be Grandma last investment in PD. owing to the 4.1% GDP first half achieved, the second is forecasted at 4.7%. This is growth only but the Govt didn't show their gearing. Risk is too high!

Grandma like KC kungfu analogy. But sometime singing wildly on the pretext of accidentally killing internal rivals.

Good chance to see ROA improve. Construction business Icahn be erratic and ROA can be badly affected. Grandma would like to see better ROE and TOPline since nature of a construction, margi, asset and receivables turnover are key.

Almost RM100 Million a year for the contract up to 2016 and this will be very big leveraging

Grandma happy to see this. 296 million contract to be completed by 2016. That's less than 3 years contract technically.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1382189

Tomorrow should be fair like today.. Just monitor tonight if any adverse news. BNM has come out to give assurance. Grandma see a rebound but next week will be challenging.

Grandma thinks tomorrow market should be back . Whether market is waiting for the official Cmmt buy over we will see then.

They need new injection of money.

Cplee, nice sharing. Cmmt buying very central of PJ property is encouraging as their portfolio cannot see any deterent and grandma think so too. At 550 to 600 million should see some impact on the stock price if not today.

Coming back to fundamentals, Grandma has covered the Sales Target, expected presentation of numbers for coming report however what will support this towards the report is this. A low PE (below 7) a low P/C (below 9) and a below P/BV ( below 0.7 indicating undervalue)

However as oppose to Kimlun, P/S higher than 2. A preferred number is below 1. This however is only an indication as shared in Kimlun case and must be supported by other indicator because Price to Sale Ratio has no expense (ie Sales Rev is at Topline)

Now with the reduction of gearing addressed earlier, the new launches similarly, only left is the supported trending and pattern towards the result date.

Grandma is spending sometime here because, the price has fallen below the Sma20 and also the first PP price of 1.78. So now their next move will show all together with the coming result and Grandma thinks its a positive one!

The lower net profit for Q1 was because of a start up cost for concrete production in Seremban. With tht out of the way, the Q2 result for the bottom line will be much anticipated. Grandma expecting at least a 25% to 30% of annual forecast If it hits 30%, it will cover the earlier shortcoming at the profit side.,

Grandma thinks that a good Net Profit in the coming result will support the P/S which is indicating a buy currently together with the PE and PC. This is especially true because the last quarter reported higher Revenue but lower net profit.

Time to play waiting game for Grandma. Awaiting RSI 50 to 60

Next accumulation below 2.00

On the back of this chart, monitor the RSI has increased to the 40 region. This is good inline with the trend mentioned

Nevertheless, the formation is coming nicely No 1. Grandma's No 2, avoid the formation of Jian too early. This can cut both ways. Anything that resembles upward with a short shadow low. This is preferably to happen on the 29 or nearing. For now a repeat of today will be very encouraging.
Mind you, charting does not tell you the exact time a price jump happens and how long it stays top Maybe some system will allow drill down to hrly. (Grandma not familiar) Volume hike can be seen against time on chart which helps. The least ability to see is towards the last 30 minutes or an hr before closing. Only way to see this is price hike like a hammer or a Jian against the volume in the charting. Eg within the last hour, Volume High but price stay stagnant vs Volume High and Price Hike vs Volume High Price Drop. So most failure to predict, in Grandma opinion is price hiking in mid volume towards the end of day ( last hour or last half hour) unless its monitored real time or having to look up by line item.

Grandma, uses this method towards the end of expected consolidation, or quarterly report where RSI or normal charting may not show accurately.

Grandma will sell at 2.35.

Nice would have been a balance hammer formation 2 shadow down 2 cents up.

" Hammer Time"?

The best it can do today is a hammer in last 10 minutes

Grandma happy to be in Jtiasa now. Small investment here hopefully calculation here vs logging makes sense as a large proportion in logging would have taken 7 years as veneer was much required as some point vs the 4 years on for Palm harvesting.

Grandma managed to buy a little back at 2 03 but support at 2.04 still strong. Will continue to queue.

Second the new ROI to be calculated more accurately. .

What Grabdma would like to see is 2 things moving forward this week and next. The first being candle chart for this week and starting tomorrow Monday to reveal a short low and short high shadow or no shadow or with short high or short low shadow and with an open and higher close price in short range. For those who understand, Grandma hope to see a positive consistent march towards 29 Aug. Any large escalation in range and long high shadow up to 29 the result date may have a large correction.

With the increase in Palm oil for month of June and their avg age of their tree at 5 to 6 years and every 4 years they can do 7.7 tons FFB/ha. Grandma is assuming to take least apse calculation 7.7 multiply by 60,000 divided by 4 (quarters) and multiply by 2370 (avg per ton) for a avg quarter earning though Grandma know that the harvesting time maybe different
But note also the production increases exponential between 4 and 10 years. Example if linear 4 years 7.7 by right 8 years should be 15.4 and 10 years should be around 19 tons FFB/ha but 10 years can produce 27.2.

Grandmas suggestion in calculation above by taking the line and actual calculation will show you the difference in the price leap ( assuming price difference is a mere -+ 5%), this year onwards, the 8 years and 10th years would see some difference.

Grandma will be stepping up the investment next week. The only thing still requiring more precision is the ROI which Grandma thinks is way off if not factored using the latest results as the monies obtain from sale, private placement, and gearing reduction needs to be presented to reflect the initiative correctly. ROE is standing at 12.9% and with dividen out of the way, the rest is pretty clear cut.

Grandma wonder if KYY did indeed buy all 34 Million shares on open market. If he did, you can calculate when exactly he started accumulating and see the price difference backwards. Grandma already know the answer, but you can check to find the margin he has done since. You should be able to tell their continuous growth with Palm Oil coming in again especially June month.

For those intending to buy, go through the first quarter result first. Then look at the price historically followed by Sma then only RSI. Then count the days and monitor before 29 Aug ( result date) Reason for you to check this first is because you have already missed the dividend of 4.8 c which means you cannot factor that into your current share price to mitigate risk.

Out of the 4 reports, 3 voted. 1 Outperform, 1 Buy, 1 Hold. Generally local investment institution reports normally you can guess the partner with interest (or skewed more to the company rreported) rather than impartial analysis. So if really interested, Grandma advice to read at least 3 reports. At least One independent n foreign.
Generally, Grandma don't like to look at those too far down the RSI or one that does not have proven ability to rise. In the case of Tropicana, it has one but not the other at this point. In this case RSI.
Just as posted by someone earlier Grandmas pick for EnO, And the others like Kimlun, LBS, MNRB and Now Tropicana was purely base on Baseline FA and proven ability. Kimlun and LBS was a great short run and grandma hope to get in to Kimlun for the same reason again.( hopefully 2.03 and below) As for MNRB Grandma would not be going in again as objective is achieved as the price is much above the dividen. The time Grandma commented on LBS was the time Grandma bought. I think the rest on LBS Grandma already shared on the forum

Ok now back to Tropicana, while some look at TA, some on FA, some on Politics, and some on background changes, grandmas view of this counter on the backdrop of a decline share price and low RSI is still a positive one. Just as some of the example shared of those counter, their RSI too increase very rapidly. The backdrop of the RM2billion sales target against the RM3 billion launches for 2013 show a very good idea of what they are trying to achieve and knowing what they are talking about especially in line with the rest of the targets. While some see gearing as reducing debt, Grandma see it as moving forward planning for longer term of prudent management. Every company that move forward and know how to look back and improve areas of weakness like the one mention is worth looking at even more so whe. Growth is tremendous. They will have some Net income to make back for the short coming in Q1 but nevertheless, the interest expense and higher tax was not some that could be predicted at the tip of finger.

Conclusion, Grandma think this is a potential counter with many indicator pointing toward positive initiative and q1 revenue also pointed similarly positive with good increase.

While Grandma like the idea of surprises, and they have found a better income fr plantation rather than forestry and taken the bold step 10 years ago, but the liquidity in transaction. Grandma check also reveal before April 16 2012 the volume was even more atrocious. Grandma knows that in Malaysia more so, a company with good bookbuilding, political connection, and speculative excitement do better than a company with purely good fundamentals.
While Koon Yew Yin is old school without relying too much on TA (am sure he does look at it) and a lot on Managment and conversion and leadership (not afraid of change) this share is good truly for investors but for traders?? It's a Buy rather than trading buy .....

Grandma tried queuing, but got an egg for two days already. Similarly if you are trying to sell, make sure you peel down 2 notches at the rate of transaction. Price wise Grandma belief it is hard to drop because KYY and family already have 34 Million of it in account

Grandma notice total buying/selling volume still high. This is bringing the oversold status earlier to the RSI 30+ region ie the median region. This mean more buyers are coming back in from an oversold stature. If next week movement is fast (which can because of the up coming result) this will also be reflected in the daily movement/measurement. There are 4 reports favorable now.

Cheeseburger, you are reading a script from Cimb Research. Pls also read RHB research which states 18 to 20 Billion. But most of all read the actual coming fr Eric Chan and also find out the 20% request fr State Govt but 10% has been allocated.
Taking exactly fr the script Grandma notice 12 weeks required actually is EIA (reported by CIMB Reserach) because a true DEIA will include EEA, EPA, EAA, EIA etc. will not be 12 weeks. what they really want to say is EIA. You will also require at least 2 years before any launch and launch to development is another timeline.

While you read at very top end of a report, Grandma advice you to check base on each item and not jump before E&O conclude the actual fr the RM 12 Billion announce by them earlier. Once you have done all that find out what what is the new escalation of price due to. If your answer is STP2, you have not read enough reports.

Grandma monitor the movement under Yau and notice they don't follow the day of the week. This means that Friday can also be a good day though most of activity happen on Wednesday. Grandma is happy to switch fr LBS to Tropicana as the exertion on the share is way too high at this point. Remember Grandma called on sell for Kimlun at the end of the dividen entitlement for same reason. Those who play using margin facility should be cautious not to over exert.

Now price at 1.73/1.74 ( volume 3Million)......let see if they make a break last minute.

Grandma happy to get in more at 2.19. This batch will be short for grandma.

Cheeseburger, price drop today. Grandma already said it will happen today. Btw there is no detailed assessment as you claim. Its just an assessment. A detailed assessment can take up to 3 year before for anything can start.

Cheeseburger
Stock: [E&O]: EASTERN & ORIENTAL BHD Aug 15, 2013 11:43 PM | Report Abuse Not sure where you get the GDV value but the stp2 estimation of GDV of the project is at RM25B to RM30B. There is timeline to get all approval in terms of detailed environment impact assessment, traffic impact assessment. By then, it would be a little late to start accumulating as all coming newsflow on stp2 may excite the share price few months down the road.

Good luck to all!

Sensible....thank you young man.

FD, what was the message? Grandma has recheck on the performance and their number for 1st Q is actually good against those unforeseen only.

Cheeseburger, STP2 has been in talks since 2011 and approved since 2012. Grandma is puzzle where u are getting your info from and not to mention 25 to 30 Billion?? Firstly check your facts first young man. Find out also reclaiming land and period it need to settle the reclaim before any activity can proceed. Once you find that out, also check % allocated to state govt. After which only you will understand the period required to start the selling and billing and approx project with Retail, commercial, minus out also allocation to state.

Who is he?

Grandma will wait for 2.03 to buy in again. This will be last round on this counter for Grandma before result.