Thks for the info. Very attractive(seducive) to buy more.

Wow, shi Bo? 1.60, 1.83 and 2.15. Then I would Fa Tat lol.

Nevertheless as a long term investor who believes in growth story of the company, I like Right Issue very much. Right issue is normally comes with a significant discount to the prevailing market price to attract subscription. This will provide me a lower price to invest more in the company. It would be ever much better if it comes with sweetener with warrant and bonus issue.
So, let us sit back, relax and wait for RI/BI/Wa.

Personally I think Huayang is unlikely to do Right Issue as its RM250 million facility via Sukuk Program with PB has not been fully utilized.

Generally, investment community does not welcome Right Issue as it is a cash call, meaning investors need to lend more money to the company. Learning from the case of Mahsing last year, when RI was announced, share price was pressed down significantly albeit it came with sweetener with Bonus Issue and Free warrant. Therefore for short term and medium term investors, RI does matter to share price.

惊喜！知道你懂华語。没想到原来你也可以写很好、很长的华語。

你也是星爷粉丝?

如沒记错，星爷也说过“梦想与鹹鱼”。

看到心经，有特别好感。希望以后可以多交流。

开个玩笑：

“你做蜜吔，罗條鹹魚当上方宝剑?”

猜出自那部经典电影？

I like your humor.

黄玉郎的"龙虎门"里的老祖宗是不吃人间烟火的.

Hi : all believers in Mahsing

Some forumers commented Mahsing is too slow and too low. Even myself sometimes also confuse if it is "TurtleSing" or "HorseSing". For this, I spent half day finding data to check if the critics are valid. Let us see:

Initial Date/Initial Value/Years of investment/CAGR(return)
1) 24Sep09 / 1.27 / 4.9yr / 14.3%
2) 1Jul10 / 1.14 / 4.2yr / 20.2%
3) 25Jan11 / 1.53 / 3.6yr / 14.0%
4) 10 Feb11 / 1.89 / 3.6yr / 7.6%
5) 3 Feb12 / 1.57 / 2.6yr / 18.9%
6) 13Dec12 / 1.66 / 1.7yr / 25.6%
7) 7Feb13 / 1.78 / 1.6yr / 22.8%
8) 12Mar13 / 1.85 / 1.5yr / 21.1%
9) 24Jun13 / 2.17 / 1.2yr / 10.8%
10) 4Jul13 / 2.30 / 1.2yr / 5.6%

The above CARG excludes the around 3.8% dividend yield each year and free Warrant in 2013. If adding back both, the actual return will be even higher.

Historical data (adjusted with bonus) were retrieved from Yahoo Finance.
Formula of CAGR= (Current Value/Initial value)^(1/years)-1.
Initial values were my actual investments which were random.
Current value=2.45, 29Aug14.

So do you think our beloved Mahsing delivers good return ?

Hi inwest88: thks for yr greeting. I am fine, how about u?
Lately I follow a big fish speculating some counters. It was very accurate and quick for them but not for me as I do not know how to play quick game even though I was informed early. Win some, lose some. Like playing roller coaster, I think it is not suitable for me. Waiting to clear those stuck counters then will stop following big fish.

I wish my day of catching my own pink elephant will not be too far. I have laid groundwork since 5 years ago. Ooh, maybe mine is a pink Turtle.

When seeing the self-analyzed “baby” growing big unabatedly as expected, the joy and satisfaction cannot be described in words. It is like catching a rare quick moving pink elephant after plenty of perspiration, preparation, calculation and long waiting.

恭喜! 你发达啦!

Leng Yan(冷眼) said it is very fair to ascribe PE 15x for high growth company especially during the hot bull market. If our beloved "TurtleSing" ready commands PE 15x in near future, its share price would be RM3.3(TTM eps 22 x 15).

As expected, another 20% growth on net profit. It is very difficult to find company with consistent 20% growth rate each year. If you already have it, you should appreciate and keep it for long term albeit its share price performs likes turtle temporarily.

I would be satisfy if bouncing up to 1.58.

I did the same but with lower starting price than yours. Nevertheless, I am trapped in Trop too. Hopefully, this set of good result plus the proposed 4% div can push it up to where you first bought.

Do you think YTL will sustain this dividend payout going forward ?

I hope it will so that I can "lam tiau tiau".

Hi lching : nice to see you here. Do you you have Padini ? I have invested a lot in Padini lately. Wishing you to join us for long term.

Very daring, I bought again at 1.89. Padini is now my second largest holding. I see it as a 5 stars counter.

Star 1 : reliable and efficient management
Star 2 : consistent profitability
Star 3 : consistent growth
Star 4 : healthy balance sheet
Star 5 : High dividend
Star 6 : Cheap. umm I do not think it is now under fire sale(charismas sale).

What do you think?

Dividend of Bonia was 5 cents before bonus. Thus div yield should be 50/4(bonus+split)=12.5, 12.5/1340=0.93% only.

Thank you for your effort and sharing.

As long term investors we should have high faith on Mahsing; if the price ups, we “shiok sendiri”, if the price downs, we just sit and wait. Along the time, the high growth Mahsing will grow big becoming number #1 property player in M’sia. RM3.50 should be the TP within 1-3 years. We do not aim for quick money but BIG MONEY. Cheers !!!

Would like to highlight that the ex-date for 8 cents div is on 10Sep14. Some short term traders will be attracted to here by the dividend and this may create pseudo push on share price.

分享冷眼名句精华：
“不了解，不买”
“深入了解，勤以追踪跟进公司发展。若是只流以表面，似懂非懂，最是危险”

I can testify that she did not give hindsight comment( 马后炮) because months ago when many people including myself "hu-ha"(optimistically keen on), she did highlight the overvalue of JT.

I never said that I would laugh all the way to bank, but now I am crying all the way to bank. I like salted fish, I will bear with the thirst.

Wow! Mr benson911: you are one of the big buyers. I am curious to know who is bigger betw Power and Benson.
I will trail behind you, queuing behind you too.

Your wish will come true. 承你貴言。

It is a logical comment but I chose to disagree as I am optimistic with its performance.

You understand the industry very well and had made very logic and good assessment. Although this does not guarantee 100% accuracy, at least we have used our best know-how to assess. I believe you must able to make good return if you have investment in gloves counters. Today, I am lucky to have chance talking to people who really know the industry.
Good luck.

JT Yeo: thank you very much for speaking out what I have in my mind but do not want to spell out directly. You know the industry very well. You are great. Thks.

Thks

You are most welcome. Do you have Trop too?
I am not shy to admit that I was actually trapped by its land value, from the originally short term play become long term play. Sigh!

The blog was not mine, I just copied it to here for easy reference.
In fact, I have the same confusion as yours. For the context of our discussion, I chose to read the upside of the statement only.

scenario=case study=assumption.

In this case, I assume Spmx worths PE 10x with estimation on eps 4.5x4=18 cents, thus I derived its fair value at RM1.80.

The pertinent questions are
i) how much does you value spmx? at PE7x?, 10x? 12x? or 17x ?
ii) how much do you estimate its eps? 4.5x4=18cents? 8x4=32cents ?

Good luck.

How about this scenario:
Q2FY14=4.5cents. Annualized 18cents. PE at 10x(less efficient and second tier gloves mfger), thus fair value=rm1.80.

I do not need 3.3. 1.8 is a very good profitable price already.

Post removed.Why?

承你贵言

Hi Power: 1.89 was matched too. How low should I place another buy order? I hv collected enough, please reverse the direction and going north.

Hi Power: after months of queuing, at last, my buy order at 1.91 was matched. He! He!, the next buy order in q is 1.89. Happy trading.

Hi Beautiful sister and handsome brothers : I have gotten my tiny and quick profit and contented with it. Thus I have unloaded all GHLsys today. Thanks for your kind and generous sharing and wish you make BIG MONEY soon.

Bye ! See you elsewhere.

Proposed bonus 1:2. Expected to complete in Q4 2014.

Q2-Q2 : Rev(45.3Mil) ups 179%, PAT(3.04Mil) ups 94%, BUT eps downs 33%.

eps of Q2 at 0.72cents and 1H FY14=1.36cents.

I think the downtrend of plantation counters will continue due to the lackluster price of CPO. Luckily there is news on bonus issue supporting TSH. Anyway I am preparing new fund while waiting to collect more TSH if it drops 10% from now.

If Padini is to mirror the the uptrend of Bonia, 2.18 is within reach very soon.

GG : you are very great.

Aha.... I have sixth sense that I will make good fast money from here, he! he!

Good afternoon to you too.

sense money mali mali...

I think the 2.40 will be broken easily in the next couple weeks with the ex date of 7 cents dividend around the corner.

Happy dividend day.