My cost is <2. My target is 3.5. No harm buying more :)

Wow....cny sales :)

Whoever manage to buy this week will laugh all the way to the bank next mth :) big cny angpao

Min 1.5!!! :)

Dont worry. It is not gonna last. Shh will rocket up soon. Pre-quarter report release effect. Dont miss the boat. Buy on weakness :)

Hahaha. If crude oil keeps dropping, i won't rule out that possibility. You gonna keep your words. :)

I just realised that you are only 21 years old? nowadays young chaps so smart. u have a bright bright future ahead :)

I see. My dcf is simpler. I assume flat growth rate of 3%, discount rate of 9%, taking average fcf(cffo-capex) of recent 4 years, plus cash minus debt, the IV is ~Rm3.24.
Your high discount rate offset the over-optimism in high growth :)

All in all, all these are just for our reference. not cast in stone. TP of min RM3 is well seconded by many analysts though :)

Cagr 40% is crazy... probably you could try to show us any company in bursa with such spectacular growth?

Why do u use ebit instead of fcf? This is discounted cash flow. Not discounted ebit? I am confused. Plz shed some light on me.

This kind of kindergarten comment. Plz la brother. :)

Why 94? Not 93? Not 80? Talk some sense plz. :)

When market is in downturn, you will see all kind of funny nonsense comments. Their numbers are derived out of the air. No basis. Without justification. But, can't deny the fact that bursa is being dragged down by the dip of oil price. Lets pray harder that pasar malam aunty uncle dont panic sell shh. Haha

:) :) :)

Sell because of? Follow herd? Pasar aunty uncle sell then u follow them? I will sell only if you can confirm next quarter report not up to expectation. :)

Buy buy buy :)

Wow. Really ar? Why 1.9? Not 1.8? Not 1.7? :)

I am learning too, bro :) this forum is really a good platform for us to learn from each other. A place of crouching tiger hidden dragon :)

you must remember that valuation is very subjective. Not rocket science. But so far it is the best reference for small timer amateur value trader like us :)

leelc99, I am in Mieco as well :) It is a good turn-around bet as it has been showing significant earning improvement since 2014. Its cash flow is healthy, debt is being reduced in stages , cash reserve is improving. All these have been well explained by Yistock. However, its efficiency measured in ROIC is not attractive; it is not cheap if we look at its earning vs enterprise value. I am betting that it will continue deliver improving quarter results consistently and my tp @ min RM1.5 is achieve-able.

For SHH, based on my newbie DCF model, assuming flat growth rate @ 3%, rate of return @ 9%, taking 4 years average cash flow to start, my target price is around RM3.2. :)

Rosmah, i thought u were not interested? Haha

All other export oriented furniture lumber related counters are flying. This is a real laggard. Although only 30% revenue from usd. What is happening? :)

Guys, take a look at shh. Will follow flbhd footstep :)

So hedging cant help to reduce impact of the abovementioned issue?

Bro, they dont do hedging at all?

wow...too much in-depth accounting thingy...just a few greenhorn questions:
1) chinwell doesnt do any hedging at all to prevent whatever u mentioned from happening?
2) For Q2 (oct-dec), usd-myr has increased close to 20% quarter-to-quarter (3.5 to 4.2 in average). Will it help to improve its revenue as well as margin purely due to this forex effect?
Appreciate advice from fellow sifus.

Haha joker of century

This muscle always talk basedlessly. God bless u

Valuation is very subjective. Value is in the eyes of the beholder.

Go go go 2.50

Also, one important hint from the management. They increased dividend from 2c to 10c. :)

Why expensive? In which aspect? :)
Business is growing, cash flow is solid, heathy balance sheet + beneficiary of usd
Not expensive if we look at pe and enterprise value :)
Based on my greenhorn calculation, it is worth at least rm3. Of course provided they are able to deliver improving quarter results consistently

Rosmah, plz take a look at shh. More than 30% upside margin :)

Buy buy buy fly to rm3 :)

buy buy buy. IV min RM3. steady cash flow & solid balance sheet. Beneficiary of strengthening usd. Expecting a big surge before quarter released next mth. :)

fellow sifus, why there is no correlation at all between CPO price with its profit?
Since the business is integrated from plantation to process to sales, its profit should move in tandem with CPO price? The higher CPO price is, the higher its profit is? Please correct me if i am wrong.

fellow sifus, why there is no correlation at all between CPO price with its profit?
Since the business is integrated from plantation to process to sales, its profit should move in tandem with CPO price? The higher CPO price is, the higher its profit is? Please correct me if i am wrong.

HAR???

Good to know sifu paperplane is here. Rm8 is not a dream:)

Haha. Dont invest based on "hope" leh. Lol

3.50 lah :)

Where got think think think one. Is a sure thing la :)

2.50 min. Stay calm guys :)

Dont talk with lung..no need so much theory...petronm will make you rich next year. Buy! Haha :)

Mr Koon, could you take a look at petronm? It has started to turn over a new leaf since early this year.
1. The first 3 quarters results are outstanding
2. Superb cash flow with healthy balance sheet
3. Low pe due to overshadowing of negative crude oil outlook
4. Is a 100% refiner thus benefitting from low crude oil cost
5. Earning yield n roic >12%
6. All in all, every aspect of the company is showing sign of improvement

With my nerdy greenhorn guesstimation, it should be worth easily more than rm6. Optimistically rm8 :)

Appreciate your kind advice.

based on dcf model, discount rate of 11%, growth rate of 3%, IV stands at ~Rm6.30 :)

a must buy for 2016. min RM6. Pure refining business benefiting from low price of crude oil. :)

Till rm8 of course

Year end bull is here. Bear is hibernating now. :)

No need to hope. It is going to actualize soon. :)