haha, while uncle is ikan bilis in glove stocks like supermax. He is a shark in tomei as its mkt cap is very small.

haha, while uncle is ikan bilis in glove stocks like supermax. He is a shark in tomei as its mkt cap is very small.

Bought some today just now...mega sales

Kyy bought so many stocks, like above 3, LC Titan, Dominant, KPS..... etc? This is difference KYY?

@Probability, look like LC Titan going to have explosive net profit next quarter...

Just bought some from RM 3.19-3.21, perhaps my price is lower than KYY.

Today is good time to buy. No need to chase high like few weeks ago...

Well said : I am not oblige to answer your questions.

If you do not do homework and do not ask politely or simply ask silly questions, pls do not expect people to answer your questions.

https://www.theedgemarkets.com/article/teck-guan-buys-510acre-land-rm12m-boost-oil-palm-output

https://www.malaysiastock.biz/GetReport.aspx?file=AR/2020/6/29/7439%20-%201714524289412.pdf&name=Annual%20Report%202020%20(TGP)_compressed.pdf

They have both palm oil and cocoa plantation. All plantation companies also have mixed plantations lah...

Teck Guan, discovered by the Edge boss in Tong's portpolio, current PE 7.6.

Perhaps the author forgot one more small and beauty plantation co : TECK GUAN PERDANA BHD

PE less than 10

Very likely Jaks will do another round of private placement or right issue to raise money for the balance 10% of power plant to 40%. Just hope it will do it fairly to minority as buying additional 10% is good for Jaks earning as another 10% may bring in additional RM 50m profit annually, if we assume 2 units of power plant based on 30% economic interest will give a conservative RM 150 million profit per annual. Unit 1 COD for about 35 days give profit sharing of RM 7.5 million. Moving forward efficiency will certainly be improved for 2 units of power plant post COD.

Good job. SSlee. Thanks for the information.

ASP starting to drop already expected by the market few months back...JPM is the pioneer lah...

From RM 1+ does not want to sell, now RM 0.85....

Remember HK gambler bought during right issue at around 60 sen. 20 sen is a fair price to own lah..

If you want for long term, Pchemical is better and can sleep well in next 1-2 year for steady uptrend due to its new plant doing specialty chemicals with better margin become operational middle this year

today uptrend is more healthy as not many chase during the opening not like last friday 2.30pm opening. You can get RM 3.04-3.05 at 9am -9.30am this morning, that is better for retail investors. In short term, the stock is a value buy at RM 3.04-3.10 just don't know how many quarters this kind of profit can last...

why still got so many "clever" traders chase high???

those chase high at open at 2.30pm is very clever, making it open at RM 3.20....closing only RM 2.99

KLCI 5 years return = - 8.4%. Source : Bloomberg as at end Mar 2021.

This is very sad. We need to choice right leader.

Interesting post. But nvidia is an american company. the founder is Taiwanese American.
TSMC is taiwanese proud. Bolehan really sad, till now still relied on petronas, which is gift of God. Top 30 companies, mainly domestic champion like Maybank, Petronas Chemical, TNB, Telekom etc. Over the past 10 years, only TG and Harta create value...

.....................................
30 years ago bolehland same level as korea and taiwan
now really back light also cannot see
korea has samsung skhynix, taiwan has nvidia, tsmc
all top notch in tech, nvidia alone = 20 maybank (the so called most valuable company in boleland)
petronas value rm 1 trillon? then need at least 1.5 petronas = 1 nividia
it's a shame

Foreign investors only interested in glove stocks esp Super and TG. They have been net selling of Msian equity since last year and net buy glove stocks.

not only for uncle, a lot of old fund managers are outdated as many mutual funds performed poorly last 5 years and their returns cannot even beat EPF. Even Warren Buffet's Berkshire cannot beat S&P return last 5 years.

Uncle never learnt new skills and still relied on past experience. Now people trade using HP, info/news easily available, many tools to work out stock intrinsic value etc...

KYY investing style is outdated nowadays.

If shorties panic buy, the price will shoot to the roof...

Something is on for supermax. Financial result, dividend, or more good news on US Plant?

Now it is in 30th position, a bit save now from kicking out from CI. Otherwise Stanley will become a laughing stock ie first time in history in bursa perhaps, just included from CI few months latter kena kicked out. To super rich tycoon, face is more important than money. He must give good dividend to boost share price just like kossan

https://www.theedgemarkets.com/article/investors-favour-retailer-affordable-goods-over-banks-mr-diys-market-cap-soars

How can a domestic champion Mr DIY( in 20th place) replace Super ( in 31th place) as CI index?

CI is useless index if include another useless share like DIY. Inside already got many useless shares with little or no growth prospects like petronas dagagan, Nestle, IOI, Sime Darby etc. CI index registered negative return over past 5 years and funds tracking CI give returns worst than FD. CI Index = Malaysia boleh.

after kossan results out, smart investors relook the valuation of gloves which were severely underpriced based on PE and DCF even based on ASP normalised in next few months.

Super will release good results and dividend and release surprised good news on its US plant soon, i believe.

Thank you Sslee for the information.

Haha, SS Lee is like fund manager nowadays. Can retire to be become full time investor. What is so good about BJ Land?

Mind to share?

US covid case rebound to 75k yesterday, brazil 90k, India 126k...Covid is still very serious.

Glove stocks are good for hedging

Jaks is not suitable for short term investors n traders. Its power plant is a gold mine with RM 180 m profit every year but with poor mgt led by ALP with many surprises. Investors need to watch closely mgt. It is high risk investment but has good value in the company. If not because of its bad mgt, it would not be selling at 63 sen now.

At current mkt cap of RM 1.1 b vs power plant profit RM 180m x 10 times, it should have mkt cap of RM 1.8 b assuming local business not making any losses. Latest quarterly result of RM 7.5m share of profit of the power plant for about 30+ days COD for Unit 1 already validated DK's working is accurate.

Glove has started its long overdue rebound since monday due to increase in covid cases and oversold position.

The Board of Directors of JRB (“Board”) wishes to announce that JSB, a wholly-owned subsidiary of JRB had on 29 September 2020 entered into a shares sale and purchase agreement with Island Circle Development (M) Sdn Bhd (“ICD”) in relation to the Proposed Disposal (“SPA”)
ICD was incorporated in Malaysia on 2 November 2000 under the Companies Act, 1965 as a private limited company and is principally involved in property development and management business. As at the LPD, the existing shareholders and directors of ICD are as follows:-
Chen Cheong Fat: 1,075,000: 65 %
Rasli bin Musamah: 575,000: 35 %


Jaks dealings with Chen Cheong Fat can be found in below articles to have more understanding of Island Circle Development Sdn Bhd.

https://www.thestar.com.my/business/business-news/2004/05/18/shareholders-give-nod-for-wing-tiek-debt-restructure

https://www.theedgemarkets.com/article/jaks-buys-51-mnh

https://www.edgeprop.my/content/steel-tycoon-cheng-sells-more-land

SSlee will be another idea candidate to be independent director of Jaks besides DK.

The Board of Directors of JRB (“Board”) wishes to announce that JSB, a wholly-owned subsidiary of JRB had on 29 September 2020 entered into a shares sale and purchase agreement with Island Circle Development (M) Sdn Bhd (“ICD”) in relation to the Proposed Disposal (“SPA”)
ICD was incorporated in Malaysia on 2 November 2000 under the Companies Act, 1965 as a private limited company and is principally involved in property development and management business. As at the LPD, the existing shareholders and directors of ICD are as follows:-
Chen Cheong Fat: 1,075,000: 65 %
Rasli bin Musamah: 575,000: 35 %


https://www.thestar.com.my/business/business-news/2004/05/18/shareholders-give-nod-for-wing-tiek-debt-restructure

FINANCIALLY distressed Wing Tiek Holdings Bhd has finally secured the last of its shareholders' approvals to finalise a group corporate debt restructuring scheme that would see another company taking over its listing status in two months' time.

Wing Tiek managing director Chen Cheong Fat told a press conference after the company EGM in Kuala Lumpur yesterday that JAKS Resources Bhd, will take over Wing Tiek's listing by July, “provided that all necessary documents are in place.”



Chen Cheong Fat and ALP in joint venture between jaks and LCD, which is loss making? Are both Chen and Ang buddies? Chen Cheong Fat last time were MD of financial distressed Wing Tiek and subsequently the listing status was taken over by Jaks.

The Board of Directors of JRB (“Board”) wishes to announce that JSB, a wholly-owned subsidiary of JRB had on 29 September 2020 entered into a shares sale and purchase agreement with Island Circle Development (M) Sdn Bhd (“ICD”) in relation to the Proposed Disposal (“SPA”)
ICD was incorporated in Malaysia on 2 November 2000 under the Companies Act, 1965 as a private limited company and is principally involved in property development and management business. As at the LPD, the existing shareholders and directors of ICD are as follows:-
Chen Cheong Fat: 1,075,000: 65 %
Rasli bin Musamah: 575,000: 35 %


MACC and LHDN should investigate ICD transactions between Ang LP and ICD directors, where there have so much monies for the joint venture property development project with Jaks for a private small company and any hanky panky arrangements between them. ALPah treats MI like ATM machine and into this "Share issuances the new get-rich-quick scheme in town" like what theedge article link below:

https://www.theedgemarkets.com/article/special-report-share-issuances-new-getrichquick-scheme-town

Thank you and good job SSlee for being MI. Jaks has a gold mine like what you said earlier and already seeing share of profit of RM 7.5m in Unit 1 of the Power Plant in just 36 days of COD. I believe you can make good profit in Jaks if you continue holding Jaks.

It is quite clear that Unit 1 has generated RM 7.57m profit after about 35 days of COD based on the quarterly report. This result was above expectation after taking into acc of initial start up costs and lower efficiency. Unit 1 and Unit 2 combined should be able to deliver at least RM 150m - 180m annual profit based on 30 equity interest.



Sslee In another 2 month time the next quarter financial result will give you the clear guidance as of the share of profit from Vietnam 30% JV power plant.

Share of Hai Duong Power Plant Is Now Fully Completed
Management has guided that both units of the 2x600MW Hai Duong power plant has been completed ahead of schedule and has started selling electricity to the grid. We estimate that with the full contribution from the power plant moving forward would be about RM120m to the group PAT. We believe that management is also exploring the option to take up the additional 10% stake, as the power plant is has been completed, and the option will expire 3 years from the Commercial Operation Date (COD). However, JAK would require additional equity to take up the option as they do not have sufficient cash to pay for the additional stake, in our view. The 10% stake would likely cost about US$50m.

According to Hwang analyst report, private placement or right issue is on the way if it is going to buy additional 10% power plant. Just about 5 months ago right issue, it seems that all monies almost used up according to latest quarterly results. It will be a joke in the history of Bursa if it is having a right issue again in just 5 months after right issue some time in Nov 2020.

Good thing is glove is making billions of profits and they are giving dividend. As such, glove is bottomed.

KLCI (the whole mkt) has not fresh funds to push higher. Tech stocks also lose steam. Foreign funds are leaving and people are cashing out mutual funds to invest in overseas. Mkt is zero sum game now without fresh funds either from local or foreign.

https://www.theedgemarkets.com/article/opportunity-buy-weakness-glove-stocks-says-kenanga-research

https://www.theedgemarkets.com/article/opportunity-buy-weakness-glove-stocks-says-kenanga-research

Those who bought high should consider cut loss and wait for dust to settle first. Very likely can get a much lower price soon and right issue. I will only consider to buy at gambler price of 60sen and be prepared to buy right issue heavily....

Vaccination will take over 1 year as such air travel can only recover after 1 year (whether fully or not in next years is a million question). Further, for child less than 12 years how to travel as there is no vaccine. With so many uncertainties, investing in air asia is like gambling. No wander private placement can only get a donkey gambler at cheap price of 60 sen.