@davidkkw79 - you are entitled to your opinion, however making a baseless comment is not beneficial to the community. Better back it up by reasoning / fact

below is Mandarin version of article:

https://klse.i3investor.com/blogs/InvesthorsHammer/201206.jsp

below is the Chinese Version

https://klse.i3investor.com/blogs/InvesthorsHammer/201206.jsp

I believe future trend is good for this company

https://klse.i3investor.com/blogs/InvesthorsHammer/201175.jsp

https://klse.i3investor.com/ptservlet.jsp?sa=pts&q=GENTING

these are the previous coverages by IB's, the most recent end February 2019. minimum TP 7.95 (Kenanga) and max 11.00 (Affin Hwang)

@uptrending - rights issue cancellation was in Sept 2017 (spinning old story..out of date)..i believe company had taken alternative funding forms to execute its projects hence reflected in the improving quarter results..

Omesti had bought back some shares in Dec 2018 and this reflects the increasing confidence in company’s performance..i believe more share buy ins from major shareholders are coming in near time

for mandarin readers, please refer below link

https://klse.i3investor.com/blogs/InvesthorsHammer/200296.jsp

Based on Feb 2019 quarter report, company expects a sustainable performance from following initiatives:
1.on going JDA entitlement with Pioneer Haven Sdn Bhd, based on its sales activities
2.intensify sales for higher priced units in The Crown, Kota Kinabalu
3.marketing of Aurora Duo,a high end condominium situated next to Aurora Place in Bukit Jalil
4.initial launch of Laman Iskandaria township development in Kulai

@ nckcm - based on latest quarter report, company has rm 21.6 million cash in bank and rm 9.6 million in fixed deposit..dont accuse company of having bad cash flow without proper backing..its net assets stood at 97c as of feb 2019

Below is chinese version of this article for chinese readers:

https://klse.i3investor.com/blogs/InvesthorsHammer/199189.jsp

Thanks for the sharing sir hope u dont mind if i translated this article to chinese version for all chinese readers out there

chinese version

https://klse.i3investor.com/blogs/InvesthorsHammer/198822.jsp

read my opinion on GREENYB

https://klse.i3investor.com/blogs/InvesthorsHammer/198822.jsp

@ahhui - there was not mention that the stock had breakout, please read carefully. What was mentioned is that the stock is bullish biased based on macd crossing, volume and RSI.

@guerillaranger - sure thing, starting from next week onwards, i plan to publish 2 articles a week to share my ideas and thoughts on undervalued gems..hopefully i can commit to this ya..thanks for the feedback

@ramada - thanks for the feedback. Do let me know how often would you like me to post my ideas per week

Do let me know how often do you guys like me to post my opinions on KLSE stocks ya guys

@Winmore88 - let's see how the market reacts to this movement ya..hope for the best

Read my opinion below on this counter:

https://klse.i3investor.com/blogs/InvesthorsHammer/198122.jsp

sentiment coming, i would like to see if TAS can test 40c to follow PERDANA soon

https://www.theedgemarkets.com/article/vertice-bags-rm100m-subcontract-lrt3-precast-viaduct

KUALA LUMPUR (March 6): Vertice Bhd has secured a RM100 million subcontract to supply labour and equipment for the precast viaduct (u-trough girder) of the Light Rail Transit Line 3 (LRT3).

The group's wholly-owned unit Vertice Construction Sdn Bhd (VCSB) accepted the subcontract offer from Reaptile Industry Sdn Bhd today, Vertice said in a stock exchange filing.

Reaptile is the main contractor for the precast viaduct for the construction of the LRT3 line from Bandar Utama in Petaling Jaya to Johan Setia in Klang via Shah Alam.

"The subcontract is expected to contribute positively towards the group's earnings and net tangible assets for the period of the subcontract," said Vertice.

The two-year construction period ends on March 5, 2021.

Shares in Vertice rose 4 sen or 4.7% to close at 90 sen today, giving the group a market capitalisation of RM168.22 million.

very strong interest..something brewing

funny claim by the JV..the agreement was terminate january 2018 but one year later only want to file summons? looks weird and they are trying luck..i dont think DRB will have much issue to settle this claim...anyway we wait for DRB management to respond

komark WB - a cheaper entry into KOMARK, currently priced 2/2.5 cents with expiry in 2020. worth to see

read this blog post on BTM and you should not miss this undervalued gem !

https://klse.i3investor.com/blogs/InvesthorsHammer/189763.jsp

https://www.thestar.com.my/business/business-news/2019/01/11/cimb-research-overweight-on-glove-makers-likes-kossan-supermax/

https://www.theedgemarkets.com/article/aminvestment-research-upgrades-glove-sector-overweight

https://klse.i3investor.com/blogs/InvesthorsHammer/189656.jsp

GNB - Getting New Buyer ?? Possible Take Over Target

BTM - i see potential to go further due to few reasons: 1.admitted into syariah compliant counters, 2.recently turn profit from 3 straight loss quarter, 3.TA shows prices at very low range, 4. NTA is 21c

https://klse.i3investor.com/blogs/InvesthorsHammer/178757.jsp

refer my blog write up for TFP

http://klse.i3investor.com/blogs/InvesthorsHammer/169095.jsp

good quarter report coming ?

MHB (BSKL : 5186)

TP 1 - 86c (short term), TP 2 - 95c (medium term), TP 3 - above RM 1 (for long term investors)

Recently, many oil & gas counters have been picking up steam. I would like to turn attention to a recent stock which has been picking up momentum due to many reasons, Malaysia Marine & Heavy Engineering Holdings Berhad (MHB).

1. Mega Project Potential - Kasawari Gas Development Project - Estimated USD 1.5 Billion Or More

Article by AmInvest Research titled "Oil & Gas Sector - Huge Kasawari Project Back on the Radar" is referred :

http://klse.i3investor.com/blogs/aminvest/162660.jsp

According to the article, PETRONAS has launched the Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) tender for its Kasawari giant gas field development off Sarawak that will likely be one of the largest platform jobs in Malaysia and the region this year.

MHB might be the favourite to secure this project as compared to SAPURA ENERGY as recently SAPURA ENERGY had been awarded the PEGAGA Project which is 19,500 tonne platform for Mubadala Petroleum (refer extract from article below):



Given the size of the project, they expect the EPCIC portion to reach over USD 1.5 billion which underpins the rising momentum of the region's offshore CAPEX spending.

Securing this project would be a big boost of earnings for MHB as it rides on the momentum of booming oil & gas upstream projects as crude oil price has stabilized over USD 70 / barrel.

2. Shareholding Analysis - Very Small Share Float

Below image referred taken from the MHB 2017 Annual Report on the shareholding analysis section



The first 2 largest shareholders already hold 75% of the company. Number 3 - 7 institutional holders own about 13% of the company. This totals to about 88% being held by long term shareholders.

This leaves balance float of 12% out of total 1.6B shares (roughly 192 million shares). As the potential prospect of oil & gas sector grows tremendously, there will be lesser sellers compared to buyers for this stock, as such possibility of price rising up will be much faster should such situation happen.

3. Technical Analysis Point of View - Double Breakout - Breakout of Downtrend and Kumo Breakout

Below daily chart of MHB as of closing 25/7/2018 is referred:



MHB recently had been on a downtrend since hitting peak of 98c on 8th January 2018. Since then it had tried to break downtrend 2 times in April and May 2018 but failed and resumed downtrend (refer circles 1 and 2).

Recently, MHB had hit low of 62c but the small volume of transactions tell us that the sellers were small in nature (possible retailers). Starting 12th July 2018, MHB had started uptrend momentum, however only recently MHB had successfully broken the double line downtrend band with significant increase in volume (refer circle 3). Today MHB had achieved an Ichimoku Cloud breakout above 75c attracting more prospective buyers to join in on the momentum.

Next immediate resistances are seen at 86c to 90c level, followed by 95c to RM 1.00. A breakout above RM 1 will suggest movement towards RM 1.20-1.30.

4. Very High Historical Price Compared to Current Pricing

Monthly Chart for MHB is referred below since IPO listing :



According to monthly chart, MHB had reached its peak in 2011 at RM 8.82 (refer circle 1). Since then it went on downtrend and consolidated at RM 3 - 4 area (circle 2) before further downtrending to below RM 1 since 2015 onwards until now (circle 3).

If crude oil resumes uptrend and hits above USD 100 per barrel, it wouldn't surprise me to see MHB trading at above RM 1.50 heading towards RM 2.50 - 3.00 levels as seen before during its glory old days.

Therefore, as compared to the historical prices, the current price levels seem dirt cheap for investors who believe that oil & gas sector will boom and once again achieve its glory days.

In Conclusion

It is my own opinion that MHB is a strong counter to buy and keep for long term capital appreciation due to:

-riding on overall trend of increasing CAPEX spendings in oil & gas sector due to rise in crude oil price

-huge potential to add order book of USD 1.5 billion (or above) for Kasawari Project

-low share float for institutional buyers to pickup and buy more shares

-strong momentum in the short and long term charts

https://klse.i3investor.com/blogs/InvesthorsHammer/166942.jsp

MHB - 3 months analysis - uptrend in tact-daily RSI and stoch oversold-level 80 - 82c strong and safe supports-first rebound will see 86c to be tested for resuming uptrend

HBGLOB- based on previous quarter result of RM 2 million profit, EPS of 0.43c, let's say we forecast profit this quarter around the same, this translates to EPS full year of 1.72c. taking basic PE of 12X earning, this translate to TP of around 20-25c (should earnings be consistent), and uplift PN17

buyers entered already today, pre AGM

2 brokerage house call for it already..UOB and M+..let's see today

M+ Online Morning Buzz - 16Nov17

Dow Jones: 23,271.28 pts (-138.19pts, -0.59%)
U.S. stockmarkets trended lower overnight as the Dow (-0.6%), dragged down by uncertainty over the proposed tax cuts coupled with renewed weakness in commodity prices. The immediate support is located at 23,000.

FBM KLCI: 1,722.99 pts (-10.62pts, -0.61%)
Once again, the FBM KLCI (-0.6%) ended in the negative territory in tandem with the weakness across global stockmarkets. The immediate support is located at 1,700.

Crude Palm Oil: RM2,732 (-RM5, -0.18%)
Crude palm oil prices extended its losses as the stronger Ringgit against the U.S. Dollars limit gains. The immediate resistance is envisaged around RM2,800.

WTI Crude Oil: $55.33 (-$0.37, -0.66%)
Crude oil prices closed lower amid the unexpected build-up in U.S. inventory data. The immediate resistance is located at US$60.

Gold: $1,278.14 (-$2.11, -0.16%)
Gold prices ended lower as its remains in the consolidation band. The immediate support will be pegged around US$1,250.

Economic Releases:
UK - United Kingdom's Retail Sales, 5.30PM
EU - Eurozone's Inflation Rate, 6.00PM
US - United States' Industrial Production, 10.15PM

Bursa Malaysia Trade Statistics - 15Nov17
Institutions: Net BUY 76.9 mln (56.2%)
Retail: Net BUY 32.8 mln (19.4%)
Foreign: Net SELL 109.7 mln (24.4%)

Potential Momentum Stocks - 16Nov17
Stock Name: ELSOFT (0090)
Entry: Buy above RM2.62
Target: RM2.78 (6.1%), RM2.95 (12.6%)
Stop: RM2.50 (-4.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SUPERMX (7106)
Entry: Buy above RM1.93
Target: RM2.06 (6.7%), RM2.15 (11.4%)
Stop: RM1.83 (-5.2%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Onlin

Stocks to watch:

1) HARBOUR (2062); Technical BUY on BREAKOUT (RM0.73) with +18.5% potential return
*Last: RM0.70 Target: RM0.81, RM0.865 Stop : RM0.665
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) PARAMON (1724); Technical BUY with +9.9% potential return
*Last: RM1.81 Target: RM1.93, RM1.99 Stop: RM1.69
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) SUPERMX (7106) ; Technical BUY on BREAKOUT (RM1.94) with +12.9% potential return
*Last: RM1.90 Target: RM2.14, RM2.19 Stop: RM1.83
*Timeframe: 2 weeks to 2 months
*Syariah: YES

Source: Uob Research.

Based on above, buying interest has been rising, we would see potential to 1.95 - 2.00 before quarter results announced

very little sellers already..just waiting next upmove

supermax..i believe will have better quarter this time..last quarter profit down because of tax adjustment..profit before tax was higher RM 36M but profit after tax was only RM 8.3M

looking at this quarter, if revenue and PBT is similar trending, and no more tax adjustment, we should be looking at Net Profit RM 25-30M (estimate only)

looking at first resistance 81c then 86c..let's see

No one can fight the tide, this company now turn from loss to profit

Company has cut its loss making duck division and now start to turnaround

I foresee trading above 12 next week..happy Merdeka to all!

thanks Kim for the good call

wow @ AdCool..its true anything is possible in market..but you cant compare MAS to FGV..its not apple to apple comparison

FGV has many assets (properties, land, plantation)..their revenue base in big (roughly 4-5B a quarter), although there is swing in profit and loss..but if managed well, their earnings should be in hundreds of millions RM per quarter..plus FGV core business is palm oil which is commodity based and has stable demand

MAS on the other hand was different..continuous loss making every quarter hundreds of million loss, declining passenger number, and not many asset to back up its NTA

hope u can give better comment than just talking bad on our own market