if annualized first qtr earnings, PE is very low!!

price surge on lower volume.....shares are highly concentrated in hands of shark?

coming?

TML rm1 can?

who is buying? No idea.... Uncle Koon?

surprise. How far can it go? Now PE is about on par with its peers.

break new high again!

wow!!!

When is d result coming out?

Next week result out, RM 0.90 can?

Fantastic result?

Some shareholders here have higher TP , 3.88, 4.00, 4.50, etc

congraz woulong!
You are in which counters? haha

Mr OTB, I got it. Thanks a lot!

Volume can still maintain, amazing. Who is accumulating non stop?!

today resting?

how come research report still not out yet?

RM 3 when?

Sifu in i3, this calculation correct ma?

PESB and PSSB are 100% fully owned subsidiary.
Audited net loss after tax for the FYE 31 December 2014 for PESB + PSSB is around (3mil).
Penta group FYE2014 PAT = 6mil.
Penta group FYE2014 PAT exclude PESB + PSSB = 6mil + 3mil = 9mil
Penta group FYE2014 PAT attributable to owners = 4.5mil + 3mil = 7.5mil
EPS = 7.5 / 133.243050 = RM 0.056 (actual FYE2014 EPS = RM 0.034)
Increase in EPS = 0.056/0.034 = 65%!
Current Price = 0.825
Historical PE = 0.825 / 0.056 = 14.7
Forward PE = 14.7 / 1.50 = 9.8 only. Conservatively assume FYE2015 EPS to increase by 50% after disposal of PESB and PSSB.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PENTAMASTER CORPORATION BERHAD ("PMCB" OR "VENDOR" OR "THE COMPANY") PROPOSED DISPOSAL OF SHARES HELD BY PMCB IN PENTAMASTER ENGINEERING (M) SDN. BHD. AND PENTAMASTER SOLUTIONS SDN. BHD.
PENTAMASTER CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description PENTAMASTER CORPORATION BERHAD ("PMCB" OR "VENDOR" OR "THE COMPANY")

PROPOSED DISPOSAL OF SHARES HELD BY PMCB IN PENTAMASTER ENGINEERING (M) SDN. BHD. AND PENTAMASTER SOLUTIONS SDN. BHD.

PENTAMASTER CORPORATION BERHAD (“PMCB” OR “VENDOR” OR THE “COMPANY”)
(I) PROPOSED PESB DISPOSAL; AND
(II) PROPOSED PSSB DISPOSAL
(COLLECTIVELY, THE “PROPOSAL”)

For consistency purposes, the abbreviations and definitions used in this announcement shall have the same meanings as those previously defined in PMCB’s announcement dated 10 July 2015.

Further to the Company’s announcement on 10 July 2015, PMCB wishes to provide the following additional clarification and information:-

1. With regards to paragraphs 2.2.4 and 2.3.4 on the proposed utilisation of the proceeds from the Proposed PESB Disposal and Proposed PSSB Disposal, it was mentioned that “additional surplus proceeds shall be redeployed for better investment and returns by PMCB Group”. The Company wishes to clarify that any proceeds that are not required to be utilised as working capital shall be redeployed to be used for other investment purposes such as acquisition of the land by the Company as announced on 19 March 2015, and, purchase of new machineries for the operations of PMCB Group.

2. The net profit after tax of PESB and PSSB based on their audited financial statements for the financial year ended (“FYE”) 31 December 2014 are as follows:

PESB


RM

Audited net loss after tax for the FYE 31 December 2014
(3,759,662.00)


PSSB


RM

Audited profit after tax for the FYE 31 December 2014
2,639,344.00

Less: Reversal of allowance for impairment loss on intercompany balance which has been eliminated at consolidation level as it does not form part of the audited Group profit after tax of RM6.04 million
(2,115,000.00)

Adjusted audited profit after tax
524,344.00



This announcement is dated 14 July 2015.









--------------------------------------------------------------------------------

Announcement Info
Company Name PENTAMASTER CORPORATION BERHAD
Stock Name PENTA
Date Announced 14 Jul 2015
Category General Announcement for PLC
Reference Number GA1-14072015-00023

Hi Rosmah, how you arrive at IV > RM 6?

Sir OTB, I remember your selection criteria are as below:

EBIT growth > 10%
EPS growth > 10%
PER < 10
EV/EBIT < 8.

Earnings growth > 10% is based on annual result, or applicable for coming qtr as well?
KESM July 2014 qtr has PAT of 8.95mil (before MI).
10% growth = 9.85mil for July 2015 qtr. Is this what you meant?

Thanks in advance.

Write a comment..what happen?

nice price nice volume today.

Qtr result will out next week right?

2013 july qtr is the best in fy2013;
2014 july qtr is the best in fy2014;
so can
2015 july qtr be the best in fy2015 and higher than results achieve in fy2014??

wow wow wow, 0.80! When will 0.90 come?

RECOMMENDED:BUY
TARGET PRICE: MYR 3.80
PRICE: MYR 2.78

The Federal and Selangor State Governments signed a supplementary agreement on the proposed consolidation of the state’s water industry last Friday. This, in our view, helps to overcome the final hurdle for Puncak to dispose of its water-related assets and operations. Upgrade to BUY with a higher TP of MYR3.80 (37% upside).

Salient details. The supplementary agreement was to complement the water restructuring master agreement signed initially on 12 Sep 2014. Official details are scant at this juncture. KiniBiz, however, reported that this new agreement essentially allows the proposed consolidation to be implemented without the Selangor State Government (SSG) giving up its land , while complying with the requirements of the Water Services Industry Act 2006. We believe this ultimately implies that the SSG will claim ownership of the land assets, on which the Semenyih and Bukit Nanas water treatment plants are currently situated.

Final hurdle sorted out. We are glad to finally see light at the end of the tunnel after eight years of protracted negotiations. With the duos having sorted out all their differences, we believe Puncak Niaga’s (Puncak)proposed disposal of its water-related assets and operations will be finalised in due course. According to the supplementary agreement, the exercise will have to be completed within the next 60 days.

Other implications. On a side note, our channel checks indicate that the Federal Government and the SSG could soon revive the shelved takeover of Syarikat Pengeluar Air Selangor (SPLASH) to complete the state’s water sector restructuring. We believe this could imply an improved offer for SPLASH’s existing shareholders Gamuda (GAM MK, NEUTRAL, TP: MYR5.35) and Kumpulan Perangsang Selangor (KUPS MK, NR), which hold a 40% and 30% stake respectively in the unit.

Earnings revision. In view of the continued weakness in global crude oil prices, we take the opportunity to slash our FY15F-17F EPS by 24-40% by factoring in lower contribution from its MYR1.8bn Package B Pan Malaysia integrated offshore installation contract.

Upgrade to BUY. All in, we are hopeful that the Federal Government and the SSG will expedite the takeover exercise to finally put an end to Puncak’s monetisation of its water assets and operations. As such, we upgrade our call to BUY (from Neutral), and lift our TP to MYR3.80 (from MYR2.61) despite our earnings revision, as we remove the 35% discount previously pegged to Puncak’s SOP valuation.

congraz!!! very informative and well written blog! next article pls....hahaha

off market! good~

disposal of loss making subsidiaries

tml research report come out hot hot TP 2.00!

how cm price not moving

up up up everyone happy

confirm ma?

hope got miracle after lunch. hahaha

Sir OTB, I know KESM is trading at lower valuation (after acquisition of KESMI) compare to other bigger semi con players.
How about its earnings growth propects? Does it meet you earnings growth criteria?


Posted by Ooi Teik Bee > Jul 8, 2015 08:54 PM | Report Abuse

Keep for a year, do not need to keep long term. This stock will perform.
Thank you.

Why still up when deal not on ??

Ok noted with thanks!

Sir OTB, what price is safe to top up? 0.8?

walao, today got miracle!

tml break 0.8 pls

today got miracle

Can I apply this to airasia? Yesterday heavy buying and heavy selling. lol

unclejoe it's common sense again, the number of buyers and sellers are equal; should ask why buyers bought >5 millions units yesterday, are they so silly?
09/07/2015 10:48

OUTLOOK
The prospect of the new financial year is expected to be very
challenging especially locally. Input costs has not gone down
and this may persist, if not worsen. Many of us are feeling
the pinch of rising utilities and other living costs. At the same
time, shortages of certain local materials are stripping away
the margin too. The outlook in the West Malaysia hasn’t been
very positive as well. Despite the media reporting that the
recent series of invasions and abductions in Sabah have not
affected the tourism segment, the market is slowing down. The
Group is therefore on the lookout for new market and product
developments.
The Management is undertaking more restructuring in its main
segment, which is the manufacturing and trading segment, to
enhance the competitiveness of its finished products. We are
also working on improving the food and beverage segment
further by consolidating some of the outlets. Nonetheless, the
Group continues to take mitigating steps to ensure impact of
negative factors are minimised whilst still focusing on improving
operational efficiency and cost effectiveness.

today volume scare die me... same pattern like airasia

pasar malam price, cheap sale just started!

Now everyone can buy !

TP 2.53, upside potential + 98%, according to PublicInvest Research... hehehe