Quiet, then buy slowly

Hi hng33:

3. 15 April - 15 May
Manufacture selling price marked up to USD 70/1000pc, ASP hike 205%
Distribution marked up selling price to USD 80/1000pc, ASP hike 116%

4. 15 May - 15 June
Manufacture selling price marked up to USD 100/1000pc, ASP hike 335%
Distribution marked up selling price to USD 60/ 1000 pc, ASP hike 62%

Why distribution price down from USD80/1000pcs (15 Apr - 15 May) to USD60/1000pc (15 May - 15 June)? But manufacture selling price is increasing from USD70 to USD100 for Apr - June....

KYY article dated Aug 10th :

If Top Glove has increased its ASP by 15% for June, 15% for July and 30% for Aug. it is very safe and conservative to assume that it will increase its ASP by 15% per month for 12 months of the next financial year. Top Glove also reported that its production will be increased by 25% to achieve 100 billion gloves for 2021.

Total PBT for 12 months Rm 22,700 million

PAT 22700 X 0.75 = Rm 1703 million

EPS 1703 divided 2.704 billion = Rm 6.30

Based on P/E 20 target price Rm126

Now I can believe Affin Hwang Capital Research analyst Mr Ng Chi Hoong’s Rm 100 as Top Glove’s target price is achievable.

Price adjusted bcoz ex date bonus

profit rm38million....+4%

Macquarie Equities Research (MQ Research) released another report on My E.G. Services (MYEG) this morning following the termination of MYEG’s contract with the Immigration Department, for the rehiring of undocumented foreign workers, by end June 2018. MQ Research maintains their target price (TP) of RM1.00 as they expect that this termination will not impact MYEG’s earnings from FY19 onwards.

(April 13): Macquarie analyst Anand Pathmakanthan upgraded the recommendation on My EG Services Bhd (MyEG) to outperform from neutral.

* Price target (PT) raised to RM3.15...

ok, i will sell at 16.90

Maybank TP RM2.02

QR +4%

QR GG liao...

Will Dlady touch RM100, and Nestle touch RM200?

Run ....to buy

Down

Target price of RM0.46-RM0.58 based on targeted blended PER range of 11.7x-14.5x.



Binasat Communications Berhad (BINACOM) will be raising RM39.6m with a market capitalisation of RM119.6m. The proceeds arising from the IPO is mainly for setting up a teleport, enhancing operational efficiency and regional expansion. With nearly half of its turnover on average derived from recurring income, this will provide earnings certainty during the contracts’ duration. With a targeted PER range of 11.7x-14.5x, we have derived our fair value range of RM0.46-RM0.58.

BINACOM - telecommunication support services specialist with a proven track record in supporting services across satellite, mobile and fibre optics networks. With the group’s edge of having diverse capabilities, it has become a strong telecommunication networks supporting services partner to MAXIS, U Mobile and HUAWEI.

Dominate market share. The group is currently servicing c.1,750 VSAT (Very small Aperture Terminal) ground stations installed at petrol stations, 4,500 overall VSAT ground stations, and 11,000 mobile BTS sites, representing a market share of 57%, 64% and 28% in the respective area. Note that, VSAT is generally a two-way satellite ground station with a dish antenna that is usually less than three meters in diameter. It is mainly used to connect remote sites for specific industries, applications or geographic areas.

Recurring Income for sustainability. The group’s recurring income makes up of c.49% of total revenue on average, widely owing to its operations and maintenance services for the satellite (including uplink and downlink services), mobile and fibre-optic segments. The recurring income contracts’ duration, however, appears short as it merely comes in at an average 1-4 years.

Fund raising for future expansion. BINACOM expects to raise RM39.6m based on 86.0m new shares at IPO price of RM0.46/share. The IPO proceeds will be utilized mainly for funding of new teleport facility, which could give rise to new satellite services offerings while reducing internal reliance on overseas satellite downlink services. Likewise, existing O&M and fibre optics services capability will be enhanced through establishment of new warehouse, R&D facilities as well as procurement of new vehicles and equipment.

Earnings forecast. Although half of BINACOM’s earnings depends on telecom projects flow (which tends to fluctuate), we expect the group’s top-line to perform better than the country’s GDP growth in FY18. However, its staff costs and depreciation are expected to trend higher in tandem with the higher project flow coupled with more assets acquired. All in, we expect the group’s net profit to grow by 3% in FY18 (to RM10.3m) on the back of 6.8% YoY climb in revenue coupled with similar GP margin of 37%. Although management has yet to outline the dividend policy, we expect BINACOM to continue rewarding its shareholders. By assuming a similar dividend pay-out ratio of c.20% (similar to FY17) in FY18, BINACOM is expected to declare a DPS of 0.8 sen, translating into 1.7% dividend yield.

Target price of RM0.46-RM0.58 based on targeted blended PER range of 11.7x-14.5x. We have decided to use the blended PER basis to better reflect the group’s business nature as the mobile segment tends to enjoy higher PER post listing. Thus, with a segmental mix of 60%/40% ratio (60% on non-mobile (i.e. VSAT, which should be value based on the FBMSC’s valuation) and 40% on the mobile segment), we have derived a blended PER of 11.7x-14.5x (implied a targeted fair value of RM0.46-0.58 range) for BINACOM.

Risks to our call include: (i) higher-than-expected project flows and margins, and (ii) impact from the on-going spectrum reallocation plan.

Source: Kenanga Research - 8 Jan 2018

Sui

continue wash kaw kaw....later up kaw kaw....

Profit 39%

+547%

wow

EPS 120

Offer offer

From peak 0.685 drop to now 0.40
Good entry point?

Offer offer

Gravity force, F=mg

Buy back

exit when no more growth.

oh...drop so much, -5.7%

here you go....

http://www.intellecpoint.com/2017/11/lim-kang-hoos-reverse-psychology.html

waiting felicity comments +100

Both bagus

Run...to buy warrant

WA now is 0% premium at mother rm2.93
Not even 10% premium
Still can catch up?

waiting CD to reach rm0.46 (highest in 52 weeks range)......

我漂向北方

我漂向北方

tomorrow panic selling vs panic buying

oh....no good.

认真你就输了！

Valuation

We increase our TP to RM0.74/share based on SOP valuations after accounting for change in earnings. Maintain BUY on DNeX as in our opinion, it expanded into the O&G sector at the right time. Furthermore, high margin, recurring income from its government-linked contracts should cushion any downside risk.

Source: TA Research - 19 Jun 2017

B.U.Y

why reserve 200k to 100k for bonus 1:1?

There is no free lunch.
Bonus shares are issued by cashing in on the free reserves (accumulated profits) of the company. A company builds up its reserves by retaining part of its profit over the years (the part that is not paid out as dividend). After a while, these free reserves increase, and the company wanting to issue bonus shares converts part of the reserves into capital.

http://www.sharemarketschool.com/declaring-bonus-shares-is-a-positive-sign/

Yistock please write something about TGuan latest QR + 1

Buy... Don't be 执输惨过敗家

Long term 8.50

Stock price: 50
Stocks outstanding: 10,000
Reserve: 200,000
Face value: 10
Market capital:50×10,000 = 500,000

Bonus 1:1
Stock price: 25
Stocks outstanding: 20,000
Reserve: 100,000
Face value: 10
Market capital: 25×20,000 = 500,000

Split 2:1
Stock price: 25
Stocks outstanding: 20,000
Reserve: 200,000
Face value: 5
Market capital: 25×20,000 = 500,000

EPS 21.2
PE 16 = RM3.39
PE 20 = RM4.24

Go go go.....

自5月23日，大使路—淡江第二大道（Duta-Ulu Klang Expressway 2，Duke）衔接Jalan Tun Razak到Jalan Tuanku Abdul Halim及Karak大道的Tun Razak Link（TR Link）正式开通。根据 马新社 报道，采用这条Duke 2新的分道前往Batu收费站或Sentul Pasar收费站可节省15分钟的路程。

新的Tun Razak Link是从吉隆坡中央医院附近的Jalan Tun Razak衔接到Sentul Pasar交汇处附近的Jalan Gombak，全长9公里。新大道将有助于舒缓首都Pahang交通圈的交通堵塞状况。

根据Duke大道管理层表示，自新的Tun Razak Link开发通车以来，该道的交通流量为每天平均3,000辆。这项耗资11.8亿令吉的Duke 2大道全长16.4公里，其中包括了7公里长的Sri Damansara Link，及9公里长的Tun Razak Link分道，并与现有的Duke大道衔接。

完整的Duke 2大道预计将在今年8月或9月正式竣工，新大道将由Konsortium Lebuhraya Utara-Timur (KL) 私人有限公司，与承包商Ekovest合作经营。


https://paultan.org/cn/2017/06/01/duke-2-tun-razak-link/#dfE2wdsfrM4LlBxc.99

Must be good news lor

shopping time

if up 80% is not the end of the journey, still can buy....