Slowly creeping up...haha..rm1 soon:)

Its revenue cagr since 2013 is about 15% though.

72c based on assumption that constant growth at 3% (discount rate @ 10%) with dcf model. Am i right?

Sifu paperplane, plz try to look mmsv. Roic improved from 28% since 2013 to >40% now. Its cash flow looks perfect. Fcf/revenue is superb. Current ratio ~4. It turned over a new leaf since 2013. What say you?

Wait for bonus issue? :)

I am behind you sifu paperplane. Rm6 sayonara :)

My DCF is based on FCF. Start from average 6 years FCF (~15mil),
Assume growth rate 6% for 1st 10 years only, then 3% terminal growth after 10 years. (6% calculated from reinvestment rate & ROIC)
Assume discount rate of 9%
Consider its cash @ 50mil & debt @ 2mil

Intrinsic value about RM1.23.

Appreciate your comments.

Hi RicheHo, just wonder why are you using CFFO instead of FCF in your DCF analysis? I think FCF would be more appropriate coz it is the only real cash going into shareholders' pocket.
And may i know what is your rationale for the discount rate of 7%? To me, 7% is quite optimistic. I would use 9% instead (4% fd + 6% bursa risk - 1% its outstanding earning & balance sheet).
Are you using one stage constant growth model @ growth rate 5%?
Did you consider its cash and debt as well?

Thank you.

Sifu paperplane, why did you say cycle almost finish? Based on what? Big+old timer gut feeling? :) Appreciate if you could share your reasonings. Tq.

Bearbear always buy high sell low. Funny guy lol. Like pasar aunty playing stock. Drop a bit like end of the world. Lol

God knows :)

Btw cik rosmah, how did u figure it will drop to 5.50-5.70? U reading the chart? Fibonacci? Or saja pluck from the air? :)

Rm strengthens? Wait for them to resolve the bloody 1mdb issue first. Then only we can start dreaming. :)

Dcf based on 3% constant growth rate & 9% discount rate, intrinsic > rm7. Hopefully corporate exercise could unlock its full value:)

Jonbravo, how many lots you holding now? Haha

So strong. Cant think of any reason not to keep until bonus issue.

Respected rosmah mansur, the stock will rocket up whenever i see you. Could u plz look at hexza n homeriz? Haha

Magni fundamental much more solid than vs la lol. Dont compare prime with non prime. Anyway, corporate exercise always unlock value easily

Wait for bonus issue la. So hurry to sell for what. Unless u can find another gem to beat magni.

Salute rambo jonbravo :)

Kasih lu dua like pingdan Lol

Ebit/EV is one of Joel Greenblatt' magic formula; another one is roic. Both EY n ROIC have been proven to be effective metrics to spot cheap+efficient company with good fundamental.

EV = theoretical takeover value of the company = market cap + debt + minority interest - cash - non operating investment

Mr ooi, why magni so slow? :)

Rosmah, the results will be up by 50%? Reasonable assumption based on the acquisition?

I sincerely hope you are right rm :)

Pure speculation la lol

Zazalam split la lol

Rosmahmansur, mind to share how you derived your iv of rm7? What kind of model you are using? Dcf? Absolute pe? Tq

Mr Lim, i did not subscribe mr otb's service. But based on the most conservative "earning power value" model (assuming no growth), the intrinsic value is about RM5.3.
Perhaps we can ask sifu otb himself? :)

Increase interest rate = usd up
Its business almost 95% traded in usd. Long run sure good for sam.
But short term will be migration of foreign fund from msia to US. But i think it has been factored in already for the drop from 1800 to 1570. Ppl wont be surprised with the hike of interest rate. So impact will be minimal.
To me, keep buying before it announce share split :)

Once mr otb recommends to his followers, price will surge up :)

Tomorrow touch rm4.9? :)

Of course :) you wont know when it is going to surge up.

Agree. They will spend on capex instead of div payout. Btw, any chance for share split?

Dont worry bro. Just keep until rm7. As long as the fundamental stay intact, just sit back n chill. If drop, buy more :)

May be sifu rosmahmansur could give you better advice :)

Drop more plz...for me to buy :) intrinsic value easily >rm7. MOS>20%

Dear mr OTB, has bursa touched it btm? Bull is coming soon? Appreciate your advice.

What say fellow sifus? :)

Bad news:
The Group recorded a lower turnover of RM37.17 million for the current quarter, 11.6%
lower compared to RM42.08 million in the previous corresponding quarter. Profit before tax
at RM3.68 million was also lower, by 16.9% as compared to RM4.43 million previously.

Manufacturing segment – Turnover for resin division dropped by 22.5% from RM27.07
million to RM21.00 million mainly due to lower sales volume and lower average selling
price. Turnover for ethanol division jumped by 15.0% from RM13.12 million to RM15.09
million mainly due to increase in average selling price. Profit before tax dropped by 6.2% to
RM2.72 million from RM2.80 million previously.

Prospects in the current financial year are expected to remain challenging. However, the
Group will continue to focus on improving productivity and tighten cost control by
increasing market shares of its products and production efficiency in its manufacturing
divisions.

Good news:
A first and final dividend of 4.5 sen per ordinary share of 50 sen each comprising
single-tier dividend of 9.0% in respect of the financial year ended 30 June 2015 has
been recommended by the Directors which is subject to the approval of the shareholders
at the forthcoming Annual General Meeting.

With the commencement of the lease income from sale and leaseback of
equipment in Myanmar, the Board expects the performance of the Group for the current
financial year to be comparable to the financial year just ended 30th June 2015 bearing in
mind the current economic environment.

Alphajack, i wish to buy at next support of 0.35. Possible? :)

Mr Ooi, try to take a look at hexza. Meet your requirement to buy? :)

So temporary bullish now? Haha

Fellow sifus, which put warrant is the best? Nvr touch this thing before. But seem attractive now based on current lousy market sentiment. Nk vs sk, wti breaking 40, ringgit value like crap, us interest hike, bersih, etc endless bearish factors :) appreciate your advice.

Coming quarter report will be superb ? :)

Buy when index hit 1500? :)

Mr Otb, 1600 support is gone. What is the next support then? Appreciate your kind sharing.

Sure bo. Can sustain through all kind of political jokes? Plus some experts forecast that yuan will further plunge another 8%. Too many bearish factors....:)

nope. didnt dare to enter after announcement of yuan devalue. next support 1.15? haha..any chartist here.