European markets are down. So too is the Dow Jones - minus 175 before their noon break. Have to see how it ends. If there's a big fall, BSKL is bound to go down too tomorrow. At the same time it would offer an opportunity to buy cheaper and jump in when there's a rebound. Timing the rebound is the key.

Mohd Shuk: Betul. Mujur tak masuk minggu lepas. Tolong tengok technical indicators ye - bila time boleh masuk? Nampak ada potensi upside.

jacklew: Quite a number of painful experiences although there were those adrenalin-filled moments too. There was one company in the late 90's - Zaitun (whatever happened to it?): I went in after it had suffered sharp drops for two consecutive days to 1.00-something, hoping for a rebound from the oversold situation. It did, and I made more than RM1.00 per lot over just 2 days. Thrilling! But most of such trades ended in losses. The ones that I actually made money on were those that I had settled and held on to. There's a lesson here somewhere.

1.5 sen up today. That's good - just go up slowly and steadily. By the way, Kimlun has been going down slowly last week, and then suffered a 6 sen drop to 1.55 today. Wonder what's the problem? The reports I've been reading say it's a good company too, with upside potential from the MRT project.

Been going down bit by bit last week, and a 6 sen drop today. At 1.55 Kimlun looks attractive. Or is there some nasty bit of news waiting to come out?

cmlooi: I'm also a small fry:-) There are merits to going it technically, of course, and I will jump in buying more when there's an upswing. But I'll be very cautious, with one foot to the door. The problem with trying to catch an upswing is this: we don't *really* know if it's real - the upswing can easily turn the other way. Based on previous painful (and also sweet) experiences, I've become rather conservative. Right now I'm sticking with fundamentals, holding and waiting, and selling when I get a certain x% profits. Not so exciting as watching for trends and regular trading but this system seems to be more profitable for me.

cmlooi: If it goes down to below that, I think I'll scrape the money to buy more and keep. Have to look at the longer term (i.e. 3 months up at least). I'm also encouraged by what Su Jackie mentioned above, especially about the loan stock. These investors are willing to accept a 70 sen strike price, which means it is at a bargain right now. Hiaptek is now quiet, `semi-dormant'. But this is one counter speculators will jump on to when it moves again, as seen last month.

Mohd Shuk: Link ni saya TER-jumpa. Banyak maklumat yang kita tak tahu mudah didapati, tapi orang lain tahu. Itu sebab kita kena sama-sama tolong. By the way, saya tertarik dengan company-company yang small-cap ni - biasanya harga bawah 1.00, kerap `diam' aje. Tapi bila ada rumour takeover etc, meletup. Yang 20 sen mudah-mudah aje sampai 40-50 sen... 100%. Tapi nak tahu jugak lah fundamentals dia, boleh Keep in View. Research papers macam kat sini memang helpful.

By the way, there are some informative research papers available at Bursa Malaysia's website under the CBRS programme. These could be useful if you want some informed opinion and analysis on small-cap companies, which tend to be neglected by analysts:
http://www.bursamalaysia.com/website/bm/listed_companies/cmdf_bursa_research_scheme/eResearch.jsp

Mohd Shuk: Impossible to say. Kita tak tahu apa yang akan jadi masa depan. Tapi saya rasa boleh ambik reasonable risk lah dengan harga ni dengan potensi Hiaptek. Tapi kalau contra, tak jamin time ni - dia agak passive. Bila turnover tinggi, boleh lompat masuk macam bulan lepas.

From OSK 30/3/2010. Affin has also recommended a Buy today. By the way, I have vested interest here - bought some lots at 59.5 today.

[Cut & Paste]
30/03/2012 HIAPTEK 0.6 0.74 +0.14 (23.33%) TRADING BUY OSK

Hiap Teck Venture's (HTVB) 2QFY12 results were below our andconsensus estimates. Net profit was weaker q-o-q at RM1.6m (1QFY12: RM8.1m) butstronger y-o-y, while 1H net profit stood at RM9.7m (1HFY11: RM3.3m).The weak results are no cause for alarm as we had expected a soft performance in 2Q due to the festive seasons. We think the company may see a better 2HFY12 activities pick up. Although newson the iron ore concession has beenquiet for some time, we don't think that will affect HTVB's core operationsas this was supposed to be an unexpectedbonus anyway. We maintain our Trading BUY call, with a lower revised FV of RM0.74, as we lower the iron ore concession value-add factor to 10%from 20% in tandem with our house view.

Weaker asanticipated. HTVB reported a 2QFY12 net profit of RM1.6m (-80.3% q-o-q), whichis below our and street estimate estimates when annualized. Having said that, we are not surprised as wehad earlier anticipated HTVB's 2Q numbers to fall in the months whichexperienced festive seasons (Nov, Dec and Jan), during which businessactivities generally slow down. The lower production in the manufacturingdivision resulted in a higher cost of production, which further dampened theGroup's performance. Nevertheless, its overall 1H performance still lookspromising as the reported earnings were three times that in the same periodlast year.

A brighter 2HFY12 ahead. We believe HTVB's future prospects remain intact asthe local steel industry may see activities gather pace when more projectsunder the Tenth Malaysia Plan and Economic Transformation Programme are rolledout. Elsewhere, the continuous improvement in the company's API steel pipes making venture that fetches more robust margins and which exports 5CT pipes may seea pick-up, with orders expected to flow in after the festiveseasons. This further supports our view on a better 2H for HTVB.

Iron ore concessionmay materialize only later. It has been 3 months since Terengganu's MBannounced that an iron ore concession will be given to Eastern Steel during aground breaking ceremony in December last year. However, so far we have yet tosee the state government issue an official letter to this effect. Nonetheless,we are not too concerned about the delay in the concession awards because: (i) the company's BF plant is still underconstruction, and (ii) we believe that HTVB already has plans to source for iron ore to feed into itsBF plant and did not take into consideration the Bukit Besi concession when itventured into the BF plant project. As we mentioned earlier, the local iron oreconcession would be an unexpected bonus to Eastern Steel and/or HTVB

Source: OSK188

Went down 3 sen today to 1.42, which makes it even more attractive if the 10 sen dividend is approved. Kenanga's TP is 1.65. The main problem seems to be weak holders who'd sell every time it goes up a bit. But eventually there won't be many of them left and the price should go to a higher level. At 1.42, it's definitely not at a sucker's price.

By the way, the figures come with ,000 at the end. Profit is 1,601,000.

Second Quarter report: Revenue 252,906; Profit 1,601; EPS 0.40 sen, which is low and some might interpret as disappointing. However, the price remains at 0.60, which means Hiaptek has strong holders who are looking at the longer term. Let's see whether the price still holds tomorrow.

Closed at 1.87. Looks very attractive now. Let's see how the European and US markets are tonight. If they are okay, I think MRCB should stage a rebound from tomorrow. It has gone down too much from last week, in my opinion.

Heavy volume today. Looks like it's on an upward trend. Jupiter's TP is 0.28. Maybe it's now worth a risk(?)

Regardless of whether it is Najib's or whoever's son, I feel it's dangerous to jump in without also considering fundamentals. A company won't automatically make big profits just because the major shareholder is the PM's son. And especially nowadays when its affairs will gain even closer scrutiny since there are many who are just waiting to scream "Favouritism!" at the slightest hint. But if you have the guts to punt, hey, go ahead. I'm the cautious kind:-)

@powerwk: It announced a 2.75 sen dividend on 22/3. No ex date yet. OSK's most recent TP is 1.04. This is a good company and selling at a reasonable price right now. But I feel there might be other stocks that look a bit better than Glomac in terms of price movement. Like MRCB for instance.

@theews82: Thanks for the information and link.

TP 2.45 by HwangDBS... Wonder why nobody here is interested in it(?)

Ab Razak: Ada, 10 sen. Tapi kena tunggu AGM approve dulu.
aunloke: I'm of the same opinion too. At this price, the downside risk is very low. At the same time, as quite a few have pointed out, there seems to be an obstacle at 1.60. But maybe most of the weak holders have already sold(?) Good turnover today. I feel if it gets past 1.60, it should go to near 2.00 again. That 10 sen dividend is crucial - if we get that, buying it at this price and keeping for a while looks like a reasonable move.

OSK Research 8/6/2011 report: "Fair Value of UOA Development is 3.57".

This is one of the craziness in the stock market. Its offer price in June last year was 2.52 and it's now just 1.46! Wonder what's the problem - is there something that we don't know?

Oops! "Would it go down further to 10 sen? It's definitely impossible." Should be "...definitely not impossible."

@talk2pkc: This is a high risk stock, which means there's a strong possibility of investors/speculators making a lot of money or, as you say, getting ashes. Which is why I'm attracted to buying it:-P

What's the worst case here? Being a PN17 by itself might turn out to be a good thing because it will be restructured. "Delisted" - This is the biggest worry. However, it won't be in the near term, right? And this only applies if restructuring is viable in that there's no hope for its business. However, it appears that Silver Bird's business is good enough - its High 5 is a household brand.

The issue here is mismanagement and possible fraud, not the business itself. It now depends on the major shareholders - if they decide to cut loss, the price will plummet even further. But I don't think they will do so at this price (17 sen). I *hope not* Heheh! If they think it's still viable, Tabung Haji, Berjaya and Felda can easily take over - and they just might.

17-20 sen for a 50 sen par company that has a household name product - looks attractive. Would it go down further to 10 sen? It's definitely impossible. However, a stronger possibility is that it's at or very near the bottom - those who wanted or forced to sell have already done so. Some rebound looks likely - just getting to 30 sen will bring in a tidy profit.

This are merely my predictions (and hopes), of course, so don't come looking for me with a club should they be wrong:-P However, I'm putting my money where my mouth is - going to buy some as early as this Monday.

I feel the downside risk is low and the potential of it reaching 80 sen in the next few months is reasonable to expect. Compared to its net tangible assets, 60.5 sen is a bargain. I'm going to divide my lots of it into two: sell half at 80 sen and keep the other half. This is one of the shares that I'm comfortable keeping for more than a year.

This is a company with a good and sustainable business as a manufacturer of iron and steel products. It had also expanded by getting an iron-mining concession in Terengganu. The price was going up steadily until mid-Feb when investors started selling due to concerns of dilution after the company's cash call made for its business expansion.

This slide, however, appears to have been checked. Investors know that it is a good buy to keep and speculators will also jump in. Hiap Teck's volume is high enough to help push the price to at least 70 sen in the next few weeks.

zemen: I'm thinking about that aspect too. There aren't too many public-listed toll operators so SILK might be attractive. It's currently not profitable yet which is why the price is at this level. Have to study this company's financials - there's potential for it to start going up.

MK Chng: It's a quiet stock which doesn't seem to go anywhere... for now. But as we have seen so often with so many other counters, it doesn't take much to see it go way north.

In my opinion, the downside risk is low. And based on its financial report, it's on a solid-enough footing. If the land banks are revalued, the NTA will go up for sure - probably more than 30 sens per share. If you can wait it out, I have the feeling its time will come. As consolation while you wait, there's the dividend that's better than FD. At 20 sen now, it's not impossible to make 100% profits within the next couple of years.

Could be good for a speculative play. Khazanah is considering a few bids for it. This is a Umno-related company and might go up if the BN does well in the next General Elections. Business-wise, it has been making profits, and giving dividends.

Agreed. It's a company that's growing and busy with various projects. I feel Kimlun reaching RM2 within this year is a reasonable target.

Came out in the NST yesterday and it immediately adds 5 sen.I will surely buy if it goes near 1.55 again.

Dull stock but safe. Low PE Ratio with reasonable dividends. Around RM2.00 would be a great buy to keep.