Jarklp

Jarklp | Joined since 2017-09-14

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Stock

2020-08-11 00:11 | Report Abuse

Good results despite lower selling price, manage to improve margin with better efficiency and product mix to generate a record profit. Strong operational cash flows. Cash is building up...hope more dividends in future.

Stock

2020-08-08 20:52 | Report Abuse

There are many views here on how to value JAKS, but everyone seems to agree that ALP is a crook and a useless leader.. LOL

Stock

2020-07-29 23:00 | Report Abuse

I beleive it is a good time to accumulate. It is similar to BPPlas, boring with stable earnings and good dividend yield.

General

2020-06-21 12:25 | Report Abuse

Your statement shows how stupid you are. For every religion, it is about how you practice it. Take a look at the clip below.

https://www.youtube.com/watch?v=3ivHBv3QXBw

Stock

2020-05-06 16:13 | Report Abuse

Back to RM1....long queue buying today...

News & Blogs

2020-04-15 20:38 | Report Abuse

I am not a KYY's fan. I don't think he makes good stock recommendations.

Somehow I do believe he is telling the truth. He is such a unique person. He is arrogant but he tells what he thinks. He is so confident that his views are always right and those who disagree with him must be a fool and should not be rich.

It is very bold for him to admit openly that he lost 90% of his wealth in the stock market given his "advisor" status. I respect that. You can expect all kinds of criticism aiming at him on/off line after the announcement. Whether you believe or not is not important as he doesn't really care!

His remaining 10% wealth is more than enough for him to live comfortably. The only sad thing is that he may not be able to help as the poor as much going forward. All the best to him!

Stock

2020-04-15 00:07 | Report Abuse

Don't forget the 11 cents dividend in your pocket...

General

2020-03-08 19:31 | Report Abuse

Indeed, it is about the survival of the fittest.

US Shale oil has been taking a free ride from Opec. Opec members are cutting production to support oil price while US shale oil companies pumping up their production to capture the market.

Stock

2020-02-24 20:51 | Report Abuse

Again, no surprise. Another 2 cents of dividend...

Stock

2020-02-20 21:43 | Report Abuse

wow, operating cash flows increase more than RM55m in Q4. Good quarter, good dividend.

News & Blogs

2020-01-16 21:16 | Report Abuse

Purely on productivity loss, I believe the impact is around 10%-20% of 200m RHB business (as estimated by HLinvest, if they are correct!). Their wakalah fee is about 35% overall, minus administration expenses about 10%. There should be some savings in marketing expenses and bancassurance fee paid to RHB under management expenses.

So, 20-40m vs their full year profit before tax of 300m-400m. Big or small impact? This is before underwriting income/loss (profit sharing) which I believe is not significant in 2020.

Stock

2020-01-06 21:42 | Report Abuse

If it doesn't go up, you get 6% yield. If it goes up, you get more...

News & Blogs

2020-01-05 17:15 | Report Abuse

Please note that "The life insurance segment recorded a higher profit before tax of RM 268.1 million for the nine months ended 30 September 2019, an increase of 74.0% or RM114.0 million as compared to the preceding nine months ended 30 September 2018 of RM154.1 million due mainly to fair value gain arising from change in interest rate and contribution from protection business."

You can see a sharp reversal of YTD fair value gain from -147m a year ago to +362m in the first nine months of their P&L statement. It is not clear how much of the fair value change is absorbed by the policyholders.

10-year government bond yield has dropped from 4.095% (dec 2018) to 3.345% (Sep 2019). We also saw another 30 bps drop in bond yield in the 3rd quarter 2019, that could continue to push up the profit of life business in short-term.

In reality, lower MGS yield is bad for life business in long-term as they need to invest the premiums to fund long-term guaranteed liabilities.

Having said that, I believe Allianz is good company, it is well diversified into life and general business. Good luck!

News & Blogs

2020-01-03 21:15 | Report Abuse

It is amazing that the US can openly kill a foreign citizen in a foreign country and call it a defensive move to save American lives.

Stock

2020-01-01 10:25 | Report Abuse

Did Andy Ang get a free ride here ? Didn't come up much capital and sold everything back to JAKS before the LAD? From what I read so far almost everything is delayed under his leadership except the power plant which is not developed by JAKS.

Posted by hng33 > Dec 31, 2019 10:11 PM | Report Abuse

As the pacific star is JV between 51% own by Jaks and 49% own by CEO Andy, the development cost are consolidate in Jaks financial books. The inter-company borrowing between Jaks and CEO Andy is now settle through Andy 49% entitlement in Pacific star unit in office tower and car park. In short, Jaks get back its borrowing in JV company via transfer Andy ownership in pacific star to Jaks. Therefore, Jaks will get full ownership in entire pacific star mall car park and additional office tower unit.

Stock

2019-12-23 21:22 | Report Abuse

Performance of YTL group in the last 5 years was miserable. Revenue was up but year net profit went down 5 consecutive years. If this is not a family owned business, the CEO is gone long time ago...LOL

Stock

2019-12-12 21:29 | Report Abuse

There won't be any offer at this point. It is cheaper to let the warrants expire and make an offer later. I think it will be more interest after the warrants expire.

News & Blogs

2019-12-04 21:37 | Report Abuse

not sure why you compare life with general insurance, they are valued based on completely different methodologies.

Stock

2019-11-30 11:34 | Report Abuse

Only 11,000 shares traded after quaterly result. The result is actually not bad, stable earnings, stronger operating cash flows, expected to deliver better than last year, new shareholder from Japan... they can afford to increase the dividend to above 4%.

The Japanese paid RM1.65 for the 25% share of the company. LOL

Stock

2019-11-25 23:26 | Report Abuse

Good, no surprise, another 2 cents of dividend. Just keep repeating that each quarter. Enjoy the 5.5% dividend yield.

Stock

2019-11-21 22:14 | Report Abuse

Good results, record quarterly revenue and PBT, higher dividend. We can expect higher contribution from Phase 2 of Kampar terminal and hopefully lower borrowing costs from issuance of sukuk going forward.

Stock

2019-11-12 22:04 | Report Abuse

Insas should get rid of some of their small businesses. Those businesses (car renting) are training grounds for his children. THey have little value to the shareholders. Should merge with TA, they have many similar lines of businesses. Just my view.

Stock

2019-11-09 12:46 | Report Abuse

funny, no picture of the board and the management in their annual report, do they really exist ? LOL.

Stock

2019-11-08 22:10 | Report Abuse

You should go and visit their site. THey are different. Their reputation is really good. I am confident that they will deliver. I am going to hold this for as long as they continue to get new contracts.

Stock

2019-11-07 23:46 | Report Abuse

good volume today...

Stock

2019-11-05 20:56 | Report Abuse

GDB always deliver projects ahead of schedule.. strong execution from management, they won't disappoint us...

Stock

2019-11-05 00:26 | Report Abuse

RM65m cash (35 cents!), no debt, record revenue last quarter, positive cash flows, 6% dividend yield. No one interested...

Stock

2019-07-02 22:38 | Report Abuse

Anyone holding Yinson USD perp 7.85%?

Stock

2019-05-04 00:50 | Report Abuse

Today i also yam cha with my friend, WB, we talked about ARBB. He told me, "Yeah, I've been a fan, and I've been an idiot for not buying,"

Stock

2019-04-19 11:59 | Report Abuse

newbie... i meant the details terms and conditions, not just the commercial benefits.. I believe it is P&C lah. Can you trust the management based on the developments in the past?

Stock

2019-04-19 11:41 | Report Abuse

Put aside the valuation, can you trust ALP? Do you believe the management is able to execute the plan if they can't even complete the Star project on time locally? They failed to dispose the mall for years. Keep asking for money like a spoilt kid. No one really knows the details terms of the agreement except the management. They were so scared to let Kyy joins to board last time.

Good luck!

Stock

2019-04-13 11:18 | Report Abuse

Worked once with GDB a few years back before they got listed, I was impressed. If you visit their site where the foreign workers stay, you will notice it is very well kept. Their reputation is really good.

Stock

2019-04-10 15:11 | Report Abuse

High dividend yield, breakout from long term down trend, resonable valuation, record revenue in the last two quarters, and the management is super optimistic in their outlook for 2019. No one interested ?

Stock

2019-04-08 14:30 | Report Abuse

This company manages to gets contracts and provides good earnings visibility with its existing long term contracts. They also get profit guarantee from the newly acquired company. Valuation is not expensive with positive cash flow. Downside risks seem to be limited . What is holding it back ?

Stock

2019-03-17 18:50 | Report Abuse

I am impressed by the new management team. They grew the business aggressively over the last one year through acquisitions and partnerships. They carried out private placement, issued new shares and right issues to fund the acquisitions. They expand outside their core business and go beyond Malaysia.. what a busy year.

Straits is not cheap even with RM 8 million profit guarantee from the acquisitions this year.

News & Blogs

2019-03-16 09:07 | Report Abuse

Driverless car will be a headache for general insurer. Motor insurance premium will drop.

News & Blogs

2019-03-15 23:47 | Report Abuse

Insas should merge with TA, combine their property and stock broking business. Get rid of non-core/non-performing assets and return cash to shareholders...

Stock

2019-03-14 22:04 | Report Abuse

buy on weakness...wait fo the next earning announcement...

Stock

2019-03-12 21:08 | Report Abuse

They don't seem to hedge their currency risk. If you normalised the impact of currency gain/loss, they are still profitable in the last two years. In fact, 2017 was a good year. I guess positive and consistent cash flows from operating activities give a better insight .. EV/EBITA is super low...

Stock

2019-03-12 14:47 | Report Abuse

Just wait for the next quarter .. let them unwind the earnings

Stock

2019-03-12 09:10 | Report Abuse

Going through the quarterly reports….
 
1.           Marketing and administrative expenses have reduced substantially especially in the last two quarters. They managed to slash their marketing/admin costs from an average of RM20m/quarter (Jan2017-Jun2018) to RM13m/quarter (July 2018 -Dec2018). The cut contributed positively to the PBT. This is the main reason they are profitable in the last few quarters.
 
2.           FCF continues to improve in the last 2 years. In fact it is more than RM40m in this financial year alone so far, and has been consistently positive in the last 5 quarters. Their market cap is only RM70m ?
 
3.           Cash position increased to RM70.4m or 34 cents , the highest level in the last 3 years. This explains why they can afford to pay dividend.
 
4. There was one off gains of Rm3.5m (after tax) from asset disposal in 1Q. This is relatively small as compared to the RM40m cash generated from the operation in the first 9 months this year.

Cutting expense is very much within the control of the management. As long as they can keep the expenses low like what they did in the last few quarters, PBT should be sustainable. It will give around 2 cents EPS each quarter, or 8 cents EPS if we annualize it. 
 
At yesterday’s closing price, we are effectively paying for their cash only. Good luck !

Stock

2019-03-10 13:29 | Report Abuse

Consistent performance... record revenue in the last 3 consecutive quarters with improved margin, higher dividend in 2018, effective no debt. Keep growing..

Stock

2019-02-27 21:01 | Report Abuse

What are these unquoted securities?

News & Blogs

2019-02-19 00:22 | Report Abuse

ALP is a crook lah, why bother investing in his company? Look at how he rewards himself through LTIP. Nobody knows the details of the Vietnam project and the arrangements with the banks. KYY claimed that "it is too good to be true" (really?). The management's execution is poor judging from previous projects. You can expect more surprises along the way. You need a big heart for this stock.

Stock

2019-01-08 01:05 | Report Abuse

Agree with Eukandsoft. If DS Thong cannot grow the company and reward the remaining shareholders. He should just leave it to others who can. He also benefits from any takeover. Honestly who cares if he loses control. He also doesn't really care if his shareholders are making money. We are not investing to make him happy.

News & Blogs

2018-12-04 23:16 | Report Abuse

Thanks SSLee. Somehow I feel the management and BOD are too conservative. The same group of people give the same answers and resolutions every year. There is no push factor for them to do their job better. Sad to say rewarding shareholders is not in their agenda.

News & Blogs
News & Blogs

2018-10-29 23:02 | Report Abuse

Jon, you can't simply compare credit, life and general insurance business in the analysis. The nature of their business is completely different.

General insurance companies rely on insurance/underwriting income, life insurance companies rely mostly on investment income. It is unlikely to see a positive "cost of float" for life companies unless they sell only pure protection plans like reinsurers. All life companies in Malaysia are selling mostly investment related plans like investment linked and profit-sharing plans. Protection plans are relatively small in their portfolio. LPI and Tune are showing positive "cost of float" because they are general insurance companies and of course their claim ratios are good.

No doubt LPI is one of the best managed general insurance companies in town. They have a relative high fire(which is highly profitable) insurance from PBB and relatively small motor insurance (which is not that profitable). They have the best combined ratio in town. In fact, they are also the one under a lot of pressure under de-tariff environment as many will start cutting price to get into their fire insurance portfolio.

For composite insurers like Allianz, Etiqa, MNRB and Takaful, you need to breakup the account into life/general and analyse it separately to get a better picture.

News & Blogs

2018-10-07 11:24 | Report Abuse

When others are suffering from the mishap, this insensitive idiot is taking advantage of the incident to praise their god, failing to recognize the suffering others are going through. No one chooses to live in poor conditions if they can afford a better one. No one chooses to go through this kind of disaster if they are given a choice.

Stock

2018-10-03 01:09 | Report Abuse

Thanks Contrarian. He can easily double his wealth by taking the company private. Am I right to say either case buying the warrants is risky ? He can wait for 2 years to let the warrants expire or makes a lousy offer now? So, any reason for him to give high dividend to push up the price if he wants to takeover?