Bandar Malaysia is a crucial piece of jigsaw for China's Belt n Road initiative and for Malaysia's vision for improved connectivity. It was never in doubt that this mega-project would be revived.

Obviously the two resigned directors know that what the company is doing is against the best interest of its major shareholder.
BoDs have a implicit fiduciary duty to shareholders and not for their own personal agenda.

Keep up the good work Kcchongnz.
I am also a big advocate on the concept of margin of safety.

According to calculations, average long-term intrinsic value is in the 1.50 range.

DTWL has a good eye for undervalued assets
Unfortunately this CEO is trying to kick out its major shareholder by defaulting on its loan interest

Gadang's intrinsic value as a company should be worth roughly 91c

If you read through the annual report carefully
You will see that the coming months will have higher topline growth

Zul must be a very lousy accountant
Whose interest is only his self-interest
Fall into PN17 for a measly RM253,541 debt
Is like saying Tony Fernandes has no money to pay for lunch

Some of you may not know this as it was before your time
But Abu Hasan and Tun M go back a long way
Even before KLIA became the main airport and Cyberjaya the MSC hub of Malaysia

Is Siggas a bet worth taking?
If offer is accepted, it will trade close to 1.20 offer price.
If offer is rejected, it will likely retrace to 80c level.
Ultimately, the decision whether to invest or not is subject to your tolerance to risk.

Nothing is certain in business
After this latest statement by Mcmc, Xiddig may wiggle its way out of the deal
Or worst case close shop.

The latest statement by Gobind's department is that the EM-IIG developed by Xiddig is a commercial endeavour, and does not involve MCMC.

The thing that is worrying is Gobind Singh's non-appearance at the Enhanced Malaysia International Internet Gateway (EM-IIG) High-Speed Broadband project launch in Shah Alam especially as the Minister of Communications & Multimedia.
But as far as Msniaga is concerned they will proceed with the job as per terms of contract.
Unless Xiddig goes under halfway from lack of political/financial support or from poor business sense.

If Mesiniaga were to be covered by analyst report
It most probably won't be trading below 2.00
Low Price to Book, and manageable debt levels
Better to eliminate debt than to pay out cash in the form of dividends

I disagree that analyst find it difficult to evaluate conglomerates
It is actually not rocket science to evaluate Airasia Berhad's worth
Just need to breakdown its various subsidiaries accounts
Conglomerates are valued based on sum of parts of their various businesses
And the Beta in investing in a conglomerate is actually much lower
So I also disagree that most people shy away from investing in conglomerates

Current PE accorded to Airasia Bhd is among the lowest in aviation for a forward-thinking company
The board needs to keep a close watch on the business operations of their associate companies in Japan and India.

It takes a brave man to risk their savings at 52x earnings and without a clear dividend policy.
HSR has been suspended indefinitely until 31 May, 2020.

TS Lee back to his old tricks?
Crypto currencies work bcos of its ease, low cost of transaction cost and anonymity function
So it is a favourite for money launderers, not the other way round
At the very least, when the board approves, get SC Approval first before wasting shareholders time & money on an EGM to approve hiring consultants, technology partners and the works/

Ping Petroleum & Hibiscus both co-own Anasuria Cluster 50-50.
Anasuria Cluster was valued at USD$105m back in 2015.
Since Dnex owns 30% of Ping, Dnex effectively owns 15% of Anasuria valued at USD$15.75m.
And that was when oil prices were depressed below USD$50 per barrel.
Not bad for a USD$10m initial investment.

Buyer will always offer low
While seller will always want a higher price
Pe 14x based on 2017 Pat of RM159.44m

Tan Sri Shahril better buck up
All eyes are on him to deliver and not just milk the company dry

Mokhzani's friends Dato Hamzah & Tan Sri Shahril still there
At this price, it has gone back to pre-election prices

Supermax becoming Pn 17 won't happen anytime soon
Besides you will never be able to catch a stock at its lowest point nor can you sell at its highest

Often times, I cannot comprehend the absurdity of certain statements.

Top glove record profit:
PE 38
Supermax:
PE 26
Supermax is also trading at a lower EBITDA multiple.

Ringgit depreciating against USD will help to boost latex exports.

Floor space expansion undertaken by Management and Ringgit expected to weaken against the Dollar in anticipation of more rate increases in the US.
Seems that Management are expecting an increase in orders n production volume.

No better time to buy new car than now
No GST, No SST
https://www.thestar.com.my/news/nation/2018/05/20/car-sales-to-jump-with-big-savings-from-zero-gst/

Datuk Zakaria is a no nonsense CEO and also well-liked as he is a son of a settler
He will not tolerate any shenanigans in the company
The fact that his services was retained speaks volumes

A further fall in Felda will only stir up resentment among anak-anak Felda
And could be detrimental to BNs chances of retaining stewardship

@Spermax5y5m
Tbh I am surprised that Malakof is heading south
Eventually the yield would be too attractive to ignore if it isn't already

In times of volatility and uncertainty,
Look for counters with dividend yield
At this price yield is higher than Litrak

I noticed that price targets from several research houses are being omitted.

For instance, RHB price target for Gadang listed as 1.48 in Jan 2018.
https://www.thestar.com.my/business/business-news/2018/01/25/rhb-research-raises-gadang-target-price-to-rm1pt48/

I3 admin needs to do something about the Price Target updates.

Recommendations from several research houses are being omitted.

For example, RHB Recommendation for Sapura Energy in Dec 2017:
RHB Investment Bank downgrades stock to Neutral from Buy, cuts target price to MYR1.05 from MYR2.00. "The E&C and drilling divisions are expected to remain weak in FY19, as order-book replenishment remains insufficient and demand for tender rigs remains weak," says house in investor note; cuts FY18-FY20 forecasts to MYR362 million, MYR336 million, MYR151 million net loss.

Sorry I made a mistake:
Imagine owning a home, where it has 6 rooms being rented out and delivering yields of 6.8% and where total sum of parts of the entire home is MORE than what u paid for. Wouldn't that be a good deal?

In 2015 at an IPO price of 1.80, a 5c dividend implies yield of 2.9%.
Now at 87c, a 6c dividend implies yield of 6.9%.
At current price levels, FY18F EV/EBITDA is below 7x, compared to its peers at 11x
and is at a huge 74% discount compared to its SoP valuation of RM1.54/share.

This reminded me of HLind back in 2016 when it was trading at 6.00 at yields of 4.7% and at huge discount compared to its sum of parts value of 10.00.

Imagine owning a home, where it has 6 rooms being rented out and delivering yields of 6.8% and where total sum of parts of the entire home is less than what u paid for. Wouldn't that be a good deal?

Betkaukau is right
Yes it is short sellers that are pushing the price down
And not necessarily they need to buy back from the market for delivery
I know of EPF, KWAP, Tabung Haji and other institutions lending out their massive shareholdings at nominal interest rates to these short sellers

The problem with family-run listed companies in Malaysia is they treat the company as something they created to pass on to their next generation
Be it Jaks, Tropicana, etc so they will always be wary of outside parties who try to get on the inside and tell them what needs to be done or ought to be done

Agree with DK66
"Why is KYY's intention to get on the board of directors is being taken so negatively? While KYY intention is clearly to safeguard his investments, his entry will definitely make the company more transparent. Isn't this what minorities want?"

My 2 cents is if the single largest shareholder can't even get a representative seat on the board
Shows that the owner is afraid of strong opinionated directors & has things to hide.
Koon Yew Yin is not a corporate raider who buys companies and strip them off assets, he merely wants the management to focus their business concentration on highly profitable ventures.

Fully agreed Kcchongnz
Margin is a high risk tool which I personally do not advocate.
Learned a lot from your sharing. No one is ever too old to learn.

Does one really need to “kill” others in the stock market in order to live a reasonable comfortable life?
That is the nature of capitalism. Money is never enough. Even wealthy families fight over inheritance discrepancies. There are Research Analysts working in cahoots with owners, CFOs. Everyone is fighting their own battles.

Dufu reminds me of a Toyota Vios
Stable, Reliable but nothing exciting
But at this price, I have to say is pretty good value

It is good to hear they retrieved back the Jalan Semarak land.
Next they have to catch the perpetrators to this fiasco
Someone has to be held accountable.
If Synergy Promenade did not have the ability to finance their development obligations to FELDA they should not have been appointed in the first place.
It is down to weakness of management during Isa Samad's tenure.
Credit to Tan Sri Sharir, Zakaria and the current management team.

Both Hibiscus & Dutaland are undervalued,
Anasuria Cluster and North Sabah recovery project will double its production & revenue.
Hibiscus Petroleum remained profitable over the last seven quarters when oil prices ranged between US$45 and US$51 per barrel. Take note that they are in the business of exploration and production. Oil prices for the first week of Jan is at $68/bbl and oil traders expect Brent crude oil prices to trade between US$80-90/bbl during the next two years

Dear Kcchongnz,
Ignore the naysayers, your pragmatic approach towards investing is invaluable. Fully agree with every point you have made.
Timing is everything. You can buy a good company but at a wrong price.
Hence with Fair Value Investing and diversification, your risk is spread out. It is like buying many houses at auction prices.
Keep up the good work!

Digital disruption is here to stay.
Traditional business models that worked in the past now have to co-exist with E-commerce business models
Companies need to know the importance of Big Data, and new age jargon such as Click Thru Rate, Cost per Acquisition, Organic Growth etc. or risk getting left behind

Almost every business model that can be disrupted will be disrupted.
Ewallet, Ecommerce, Ecurrency, even cigarettes has evolved to Ecigarette.
It is up to respective company management whether or not they are willing to embrace change.
Jack Ma was laughed at when he first started a B2B market place online.

Not one to speculate,
But so far, Boustead Rimba has already paid Earnest Deposit and Balance Deposit for more than RM50m and the only condition for the refund of the deposit is if the transaction doesn't go through due to Dutaland failing to deliver the title of said plantation land free from charges, encumbrances and defects.

The BoDs generally would not go into a deal knowing that they are unable to fulfil the conditions. But as always, nothing is certain in business deals and there is a risk that it may fall apart due to unforeseen reasons, ie dealing with land office, settler issues etc.

TS Yap should just take Dutaland private at current market price of 55c, sell the plantation land for 750m, wipeout debts of 90m and still be left with 78c in cash and carry on with their property division or pursue other business interests.

Duta Yap should offer to take his company private
The whole point of investing in equities is to buy a company that will be worth more in the future.

Couldn't agree more @FullTimeTrader
Having Mukhriz as substantial shareholder could have been detrimental to Sapura's business ambitions.
Have a read on Tun Mahathir's recent grumblings on how he was forced to give up his role as Petronas advisor, Proton chairman, and other perks such as bodyguards and security escorts being reduced.

Only time will tell if Mokhzani did a good move liquidating his shares.
Would be ironic if the price drops further and he buys back at a lower price.

It can't be the Yap family selling
Otherwise it will constitute insider trading

89c company going for 66c
If you think about it objectively,
The Yap family will never sell their stake at this price level