My prediction it will consolidate at current level today, before moving up again.

0.80 today???? Better change broker. Heheheh

Lampi, why you sell? Dividend of RM0.02 coming once approved at the AGM. Giving a yield of almost 3.5% in a couple.of months. Talk of Bonus issue next year. This is confirmed news that will drive the share higher. Is there something we don't know about that make you sell? Or has stock hit your personal target price?

Read that the Public Shareholding Spread has not been met. What happens if Bursa does not give an extension?

As for opensys, I sold off everything at RM0.43. Concerned about the bank mergers recently announced. Would result in less ATM/CRM and increased competition.

Since we are sharing, Last week I went into L&G. It is now breaking out. 10~20% short term return from here. A RM0.02 dividend will be announced once approved at AGM. Good luck to all.

Cut my loss yesterday. :(

I reckon that Proton is a major drag on DRB. Their local market share has been falling and Toyota is at a close number 3 rather than a distance number 3. Their export market sales has been dropping, almost negligible to overall sales. Previously launched 2 global cars, Preve and Suprima, both failed to reverse the the export sales down trend. Lotus is also bleeding the company. These 2 companies are plagued with high R&D cost and high production cost.

On the AV8, hopefully their costs is under control. If it has the same issues as Proton/Lotus, there might not be any major contribution from these unit to the bottom line.

At any rate, at these level, the stock seems to be under valued. Not sure to buy into DRB again.

I like 71 sen!!!

Recently volume has been on a up-trend. Johnny, hopefully soon the stock will go up towards your indicated target price.

Proton is bleeding the DRB group. Preve and Suprima are global cars too, which have failed miserably. Export market share has been dropping. Lotus also loosing millions. Proton high cost of R&D, high cost of parts. They need to turn-around Proton for the share go go upwards. Hopefully, Tun as chairman, can work some sort of magic.

Good to know both of our valuation is pretty close. See you at 0.48 and beyond ;)

That would be more conservative, but if we use last 12 month results/average EPS, than this share is already over valued at current prices. This is not the case, in fact, we can factor in a 20% bottom line growth and the target price would be much higher.

Last quarterly result, the EPS for the quarter was 0.83 sen. If we annualize this it will be 3.32 sen. For a growth stock, we can apply a conservative P/E ratio of 14~16. This will give a current fair value of 46.48~53.12 sen. With this, I bought back into this stock at 40 sen and have a revised short term target price of 50 sen.

I am waiting at 0.33.....maybe have to go back in higher :(

Sold some at 0.355. Waiting to collect back after got correction.

I collected more at 0.30

Agreed, chairman report says it all. If the price dips, would be good to accumulate some more.

Difficult to break 0.275 today......too many lining up to sell. Based on recent financials, this stock should have crossed 0.30 already. What am I missing? Why are there so many sellers?

2 big purchases. One for 300k shares and 9 minutes later 200k shares. With higher profits, we could be looking at higher dividend payout. This is push the price up further. I am long term on this stock.

Wonder what is the option price?

ECM has got over 28 million Pelikan shares. With the recent run-up of Pelikan shares price of about RM0.50 from recent prices, ECM is able to realize gains of over fourteen million Ringgit. Translating to about a RM0.05 increase in ECM NTA per share. I would expect the price of ECM to go up correspondingly but this is not happening. Wonder why????

Agree with George Poros.....queue at 0.895. I took profit yesterday, now wait to get back in.

Is anyone going for the AGM end of this month?

Sell on news buy on rumors. LOL

3. FINANCIAL EFFECTS


The Award is expected to contribute positively towards the earnings and net assets per share of the Company for the financial year ending 31 December 2014 and thereafter over the entire lease period.

Will have to wait for the next quarterly result that will be out within the next 2 weeks. If there is a spike in the revenue, means the CRM machines are selling. Profits will only start rolling in later once revenue from the servicing starts coming in. Good luck to all.

HLB Had the highest target price of RM1.28 recently. Now they have also reduced the target price to RM1.01 in line with other investment bank targets.

Successfully secured a series of structural steel projects collectively worth ~RM172.2m in the Middle East and India.

Details of the projects are:

(1) Dana Island complex in Doha and substructure portion for the connectivity to Lusail City Development, Qatar;

(2) Facility for International Airport in Jeddah, Saudi Arabia,

(3) Entertainment centre and architectural landmark in Dubai;

(4) Grand mosque in Al Ain, Abu Dhabi, and

(5) Sky bridge in Kolkata, India

Comments
1st major announcement win… The collection of contracts secured is a welcomed development for Eversendai after failing to meet its annual order book replenishment target of RM1.5bn over the past 2 years whereby only RM669m worth of projects was secured for FY13.

Decent size... The latest orders are of significant size as it represents 15.7% of Eversendai’s previous outstanding order book of RM1.1bn and 17.8% of FY13’s revenue.

Earnings visibility… Estimated outstanding order book has been lifted slightly to RM1.27bn, translating to 1.3x FY13’s revenue.

Risks
Execution risk; Regulatory and political risk; Rising raw material prices; Unexpected downturn in the construction cycle; and Sharp fluctuation in forex.

Forecasts
FY14 earnings slashed by 32.8% to RM66.5m (8.6 sen/share), mainly due to slower execution progress for its projects and lower margin assumption while introducing FY15 earnings forecast.

Rating
HOLD

Too much expectation for earnings growth and contract flows have been priced in Eversendai’s share price and it will take earnings recovery in the subsequent quarters to regain back investors’ confidence. Hence, we are maintaining our HOLD call on the company until signs of improvement.

Valuation
Target Price reduced by 21.1% to RM1.01 from RM1.28 previously as we rollover Eversendai’s valuation based on unchanged 10x FY15 earnings.

Source: Hong Leong Investment Bank Research - 30 Apr 2014

This stock is not moving, it has value but taking too long to get to it's full potential. Wondering to sell and move to other counters that are also under value but are on the way up?????

Lim, My dividend was bank in 2 days ago.

What's the target price?

Too many waiting to sell between 0.29~0.30....more than the last 4 weeks average daily volume. Need some big guys to come in and sapu the shares.

What price should we send in the fishing trawlers?

Tried to pick up some more at 0.25 yesterday but tak kena. See what happens today.

Hopefully, will hold and go above 1.55. Couple times already hit 1.55 than turun. Frustrating!!

CK don't give to much information, I am waiting for gaji before buying somemore. After go up, will make less money. Hahaha

Why share going down? Hope not bad news???

Kukuman: Sold as not sure the direction of the stock, per my earlier comment, not sure if will go down towards the RM0.77 new 'agreed value' or will go up based the big Johor project with this 'new strategic' partner. Since I am not sure, I am staying on the side-lines and will be ready to jump back in once have some direction.

I have sold, will wait on the sidelines once have a clearer picture. Will be buying back once have better direction. Good luck to all.

The transfer at RM0.77 has got me worried. Will the price go down towards this 'agreed value' and later rise when more details of the strategic partner comes out? Should we sell now and buy back later?

Or with news of a strategic partner increase the price? Not sure what to do????

Waiting at RM0.25....but no luck yet.

What goes up must come down.....after coming down only than can go up higher. I am long on this stock. I agree with CKInvest, take the opportunity to accumulate on weakness. Good luck guys.

Thank you taciturn, looks like I learned something new today.

I have never heard of looking at revenue vs market cap as a way to evaluate stocks. There are so many good stocks where the market cap is higher than the annualized revenue; not only in various industries but across the globe in various markets. I disagree with posby comments and agree with imoogi99 analysis.

I am hoping this stock will be the next GHLSYS. A year ago, GHLSYS was trading at around RM0.28 and today it is around RM1.03. I don't think OPENSYS will do as well, but believe it can go up by 250% from here to about RM0.69 if it can command the same P/E ratio of 33.23 as GHLSYS. If we have improved earnings over the next few quarters, than it could touch RM1.00 in a years time. Patience, my fellow investors. Buy this stock and forget about it. Next year, look again and you will have a good bonus.

With the private placement, as stated in the announcement, company will have cash to start running it's operations above the break-even point. There is no guarantee that this will turn the company around. Green Ocean blames it's trouble on a fire that occurred in November 2011. But if one would study it's financials, it has been making losses since 2009, two years before the fire broke out.

The new directors have done a lot to reduce cost and loan their own money, interest free, to keep the company running. My concern is that the current depressed prices of palm oil, increasing competition, recent minimum wage, increase in electricity tariff etc. Can they turn it around even with the additional funds?

My strategy would be to watch this stock over the next 2 quarters, if figures look good, than buy. Higher than today's prices also ok, better safe than sorry.

But if you treat KLSE as a casino, there could be an initial increase based on the news of the corporate exercise and turn-around strategy. Than the strategy would be to go in, up a bit, and sell.

This stock got a lot of potential. First you will need to understand the nature of the business. They are in the cash dispensing (ATM), cash deposit machines (CDM) and now a combination of the 2. They will sell the machines at low margins, but the return is long term with the maintenance of the machines. This is a business like a snow ball rolling down the hill. Over time, as more machines get out there, the business will increase and gets bigger in size. Got to hold long term to get the full benefit of this stock. I don't mind holding as the dividends are good while holding this stock.

Can someone explain to me the capital reduction announcement? Why need court approval if declaring dividend? What am I missing?

A lot of warrants was converted to Mother Share recently at less than half of the current price. Could these shares be sold and causing the price to drop?