Deep pocketed shark can press the share price by putting blockage. Haha

But the dynamic will change when its market capitalization breach RM 1 billion in 2-3 years time. During that time, the share base has expanded, which allow funds to take part in the shareholdings. Currently the shareholders are mainly individuals, based on annual report.

Comfort will add another 8 production lines this year in addition of 24 that they currently have. Based on annual report, they have another 4 hectares of adjacent land, which provide enough space for expansion. Their current factory is only taking up a portion of 2.45 hectares.

The current shareholder and management has done a good job of turning around the company and now preparing for growth. Glove manufacturing is a volume game. If they do not expand, they would be stagnant like Rubberex. But if they expand too fast, pile of borrowings would burden them, just like Careplus. I expect them to offer right issue with warrant, for expansion, which I am not hesitate to take up.

flag formation, MACD still bearish but about to cross the 50-day. Collect before limit up like Willowglen. haha

If you ask my opinion, Union suites would be doing well because of its strategic location. Easily accessible by KESAS, and few other highways, it is also surrounded by universities and colleges. Believe that it would be a preferred locations for students to rent especially for the smaller sizes. Would be appealing for investors instead of owner-occupiers. Don't worry la, it would sell like hot cakes.

too bad, focusmalaysia article is not posted online like the edge.

They pay interest only, not principal. Sigh

now almost reaching 30 cent. by the time Q1 result is announced it would surpassed 40 cent..

kancs3118, your news got featured in Focus Malaysia today. About Tower 3 50% en bloc sale. Slated to be officially launched by end of this month (April). Haha

probably he knows something coming ahead i.e M&A or big contract. If I'm not mistaken, ConnectCounty product are approved for Apple product.

not a bad result eventhough I'm expecting more than RM10 million net profit. The current EPS is 4.62cent, which should be higher if not for the losses due to fire at their factory in Q1 FY16.

PE is 15.5%, which is on the low side considering that they achieved same margin with Topglove & Kossan. Here is the breakdown of glove manufacturers PER and their margin percentage.

[Market Cap, PER, Margin, ROE]
Hartalega [RM7.965b, 31.2x, 15.00%, 24%annualized]
Topglove [RM6.278b, 28.7x, 9.77%, 16% annualized]
Kossan [RM4.028b, 23.7x, 11.00%, 18% average]
Supermax [RM1.346b, 19.64x, 8.30%, 8% annualized]
Comfort [RM0.400b, 15.5%, 11.24%, 12.5% actual]
Rubberex [RM0.181b, 8.7x, 6.73%, 8.3% actual]
Careplus [RM0.152b, 959x, 3.06%, 0.2% actual]

If it is accorded a PER of 20x (some discount as compared to Topglove and Kossan due to smaller size], the price shall be RM0.92, which is 20 cent upside from the current share price.

The management is very committed to enhance productivity and cost saving, which I think they will overtake bigger glove manufacturers by delivering on efficiency and productivity.

Tan Sri Ahmad Fuzi continues to mop up shares in the market, catapulting his direct stake to 12.55%. Apart from that, Ace credit in which he is the chairman, holds another 16%. Here is the breakdown of shareholding. Almost 45% is tightly held by these 4 biggest shareholders. Free float maybe less than 40%, which make it easy for the share price to go up.

Ace Credit Sdn. Bhd. - 16.08%
Tan Sri Ahmad Fuzi - 12.55%
Mr Chang Choon Ming - 9.61%
Mr Ang Chuang Jay - 6.71%

In addition, ConnectCounty had invested additional RM10 million to expand their capacity, reflecting the confidence of directors on the company outlook. They will not invest the huge sum of money if they are not expecting at least IRR of 10%, aren't they?

Can't wait on the Q1 2017. Probably limit up tomorrow?

Usually the commodities like rubber & latex will follow the oil price. Now that oil price has decline, their raw material become cheaper. Good news is currency exchange still hover between RM4.45 to RM4.42/USD. Meaning their margin will improve!

yes, quite disappointed when they do not declare any dividends for 2016. A small 5 cent dividend would be a sweetener. Something is better than nothing, right?

The management has indicated that KSL Mall 2+other developments within Klang would require investment up to RM 2 billion. As long as they do not call for cash (right issue), it is okay not to declare huge dividends. Look at L&G, where minority shareholders were shortchanged.

On the positive side, Kenanga has quietly increased the TP from RM0.99 to RM1.30, which you can see from this link.
http://cdn1.i3investor.com/my/files/dfgs88n/2017/03/21/1485850852--559830659.pdf

It is interesting that KSL has the highest RNAV of RM7.07, among the big guys.

The outbreak of diseases will always spurs the demand for gloves, as what happened to Kelantan this week. Just like consumer product companies, glove companies is recession proof. People get sick even it is recession, and hospitals need gloves as what people need water, food and shelter.

Comfort glove has a clean balance sheet as compared to another small glove company, Careplus. It is in net cash, with a big room for expansion as opposed to Careplus. Careplus has stretched their balance sheet just to keep in the game with big guys.

In addition, the average currency exchange between Nov 16' to Jan 17' is estimated to be around RM4.40/USD, while in the previous quarter, Q3 is approximately at RM4.10/USD (when they achieve RM8.3 million net profit). In Q2, the average is RM4.05/USD, where they achieved RM6.0 million net profit after deducting the proceed from insurance claim of RM12 million. Believe that they will post a higher revenue and net profit in Q4!! In long term, the share price will keep rising in tandem with EPS expansion. Remember that Top Glove was once a penny stock, unlike today. Short term TP RM0.90, while long term RM2.00 (probably can be achieved in 2-3 years)

Do not forget that Top Glove has openly declared their intention to acquire smaller player. Only god knows which company they are looking after.

30-40 cent.

Esort sounds like ascott. It is a major coup if they partner with a huge brand like ascott.

for malton, much of the hype is coming from the sales figure from Pavilion Damansara and bukit jalil. no wonder the price increase dramatically.

wow, another day of huge volume.

price is still holding well since only small amount contra players are selling today. May resume the upwward trend tomorrow or the day after. but believe the price will break the resistance at RM1.25 this time around, provided this quarter result is super amazing and supported by solid unbilled sales. Hopefully they managed to sell 50% of RT3 as said by kancs3118.

Huge volume today and the price absorb all shares thrown at 0.18 cent. Someone is collecting. Haha

One another news, Salutica has applied to transfer to main board from ACE market. It is in the same business as ConnectCounty but in bigger size. Who knows is Salutica interested to buy ConnectCounty to expand their product in China. Of course with the improving prospect of ConnectCounty, the takeover offer wont be cheaper than 30-40 cent.

DirecTV Latin America is under AT&T. Based on announcement from AT&T, they reported 200,000 net addition of subscribers for DirecTV Now and another 235,000 for U.S DIRECTV Satelite. http://about.att.com/story/att_fourth_quarter_earnings_2016.html

If 3ft HDMI cable is worth USD10 each, you can do your own math.

All johor based property companies were up today due to spill over from IWCity excitement. Believe that investment bank may reconsider the discount for KSL RNAV. KSL were discounted 90%! from their RNAV of RM7.07. If IWCity RNAV is RM4.50 and now fetch a price of RM2.08, KSL should be RM3.30.

With future HSR between KL and Singapore, potential REIT after completion of Klang KSL City Mall 2, KSL would fly. As other property companies are affected by slowdown of property sales, KSL continues to rack huge profit, higher than industry average due to KSL Mall & Hotel. Now their investment property contributes almost 30% to the profit!.

agree with uvlam. They posted moderate profit for Q4 due to increasing overhead cost, in preparation of capacity expansion for DirecTV Latin America HDMI cables supply contract. Revenue and net profit will increase sharply by then. They are in net cash and strong new shareholder (Ace Credit) behind them. Believe the share price will touch 30 to 40 cents by the time Q1 17' is announced.

balance few lots only. haha

great result supported by JV. They need to replicate the success by doing JV for Sg. Long. Cheers

The similarity of DUKE and LDP is both are intercity highways, which means high volume of vehicle passing by everyday. With the increment of toll rates and huge amount of vehicles passing by everyday, LITRAK (concessionaire for LDP) earns more than 50% NET PROFIT from REVENUE!!! Imagine the potential of DUKE Phase 2, 2A once all are completed and connected!!

haha. agree with hanting999.

well said by hanting999. I did only rough calculation, probably the negative goodwill will be lower. However, my point, they underpaid for OSKP and PJDev.

before you jump into the bandwagon, please note that the gain is actually extraordinary gain due to underpaying for OSKP and PJDev. Striping RM363 million from RM402 million, the actual profit before tax would be RM39 million which is lower than usual profit. Plus profit from RHBCap has reduced due lower profit reported by the bank.

profit increased due to negative goodwill. They pay for OSKP and PJDev RM363 million less than it should be. You can work out how much the price should be. In fact they extract RM300 million cash from OSKP alone. OLH is shit..

The result only include 4th August onwards, Q4 will show a clearer result.

as expected it will gain from weakness of Ringgit. haha

The last 2 quarters they posted profit due to currency exchange. With ringgit dropping further from around RM3.80 to RM4.30 right now, believe that they gonna post more profit due to forex profit.

Time for connect to get steam. hahahaha

paperplane is so negative. haha

err, actually I'm talking about Hapseng share price. it rose from RM2.00 to RM5.00 this year, not KSL. hehe

But, I agree KSL shall buy back it share and sell slowly when it reach higher price. This has been practiced by Hapseng, which netted them around RM400 million, without affecting the share price.

Hapseng. Hurm. I accidentally bought their shares when I actually wanted to buy Hap Seng Plantation. The price at that time was RM2.00 and sold off all their shares at a meagre profit. Little did I know that their share price will increase to RM5.00, plus huge dividend payout. Adoyai

Btw, sorry for lari topik. hehe

no wonder they can issue bonus issue. Cash increase by 50%!

that is possible looking from their balance sheet. suprised to see they distribute almost 90% of the profit!

They are among the beneficiary from bauxite mining in Kuantan, and the revenue of RM29mil is parked under property development revenue. That is why their property development margin is 36%! since cost for selling bauxite is meagre.

Last year I managed to get some shares from their IPO. If I'm not mistaken in their prospectus, they mentioned that the earning from bauxite mining will flow through until 2016. So expect good dividend income until then, unless, the state government decided to stop the bauxite mining license..

The best is to forget the offer and keep your shares. As of today, OSK only hold 40.9% of the shares.

wait for bursa announcement this evening. Independent advisor will issue their advice. Then you can decide.

Apart from residential housing, Matrix also is also selling industrial land, which is subjected to GST. This is why their Q1 net profit increased sharply, mostly due to pre-GST buying rush.

As for KSL, I believe that their net profit fluctuates due to the same reason, which is industrial land selling. Other property developers that develop only residential housing have more streamlined profit, provided that they have continuous project.

KSL has been conservative in the past, conserving a lot of cash. Thus they will have no problem in funding the KSL Mall Klang, without the need to borrow money.

On the other hand, being a Johor-centric property company is not bad at all. With the depreciating ringgit, more and more singaporeans are buying property in this state, probably through their relatives here.

In the long term, they will prevail.

If you are sitting on paper gain right now, my advice is to sell the shares and bought other stocks which have been beaten down. When market has rebounded, you will make more profit rather than holding this shares.

AmInvestment bank will release their advice circular on thursday .My gut feeling tell me that they will say the offer is not fair but reasonable due to weak market condition.

MIDF report will be out on Thursday since the dateline for them to produce the report will be 20th August. Don't be suprised if MIDF says the offer is 'fair' since the valuation of property stocks has come down eventhough the NTA is higher than the offer price. Just wait and see.

OSK managed to get add another 9 percent from the intial 31% holdings in PJDEV. Their target probably to get 50% of the shareholding.The current market has also work in their favour.

if you think to invest in this stock, think twice. Their asset has long been idle, with huge burning rate. The situation is like, you want to rent out your car, but your car engine could not even start. haha. Alam could be a better option, I guess.

Last week i went to Paradigm Mall PJ. Suprisingly there were many shops closed as what have being mentioned by research report last week. They loses 18% of the tenants. Even with the presence of Tesco below there does not help very much. Probably retail tenant have to close shop due to GST.

Thing might only improves once Azure development just beside Paradigm is completed or else they have to revise down the rental rate. only this way the mall can survive.

yesterday i read the research report from Hong Leong. It says that they projected Perisai's MOPU will be chartered from H2 2016 onwards, after being grounded last September 2013. I found this quite funny. Don't you ever wonder why O&G company did not charter the MOPU, even they can get good rate right now? Haha

This is why you should not believe to analyst. They are good making great presentation and projections, based on information available on the internet. What they should do is to do checking on the MOPU and get feedback from previous client before. Only then, they will know why is it difficult to get chartered. Don't ask me how I'm supposed to know all these. Haha

AmInvestment bank will issue their advice to minority shareholders latest by 20th August. For those who are still holding the shares, you may wait until 21st August to know the outcome. Then you have few days to think before the offer is closed on 1st September. By then, OSKProp would have announced its Q2 result.

OSKH is busy collecting PJDev since they want to secure at least 50% of their shares.

I dont think it is fair since Atria is booked only at meagre valuation and its potential. If it is valued at market price, the NTA will shoot up. Besides it has small share base with huge retained earnings/reserve, which has potential for bonus issue or special dividend.

Of course he does not want OSKp to convert and instead take the cash or sell directly in the market to avoid dilution for his stakes in OSKH.

reject offer since OSKP will pay good dividend for OSKH to sustain dividend payment..

Not to be pessimistic, but it has been reported that WCT only book RM300 million from performance bond and work that has been carried. If they managed to get another RM900 million it would a bonus.

haha. my friend told me.

TS Quek may regret about his decision later...haha