Faster abandon
I want to get in

Actually Puncak needs the concession income from Triplc but not the land of Triplc.
If Puncak allows Triplc to just sell the land at open market and only buy the concession at a lower price it may be beneficial to both parties.

With steel price going berserk, good luck to Sendai

https://www.mswg.org.my/sites/default/files/16.09.2017 Newsletter 9 September 2017 to 15 September 2017_final.pdf

No worry Stockraider, if Triplc does not propose special capital return during EGM, I will vote against it.
Just 25% of vote will be enough to abort the deal

Hopefully the circular for EGM will indicates the amount of capital return.
I am hoping for RM 2.0 and above

Actually I salute Kahheong's effort to engage SC. However, I don't feel that he has a case.

rogers123 if you look at triplc as a minority shareholder of course 2.05 is the current value. You can buy more Puncak and vote against the deal.

Kahhoeng , your compliant is on what basis ?
The deal will make Puncak more undervalued, provided Puncak can sell all triplc land

Once the deal is complete Puncak will be extremely undervalued

come on lah this shitty stock.

@John Lu

We can only make sure that we buy a company with cheap valuation based on past and current information. How the market will response to the company, we will have no idea. In addition, we are not always correct, so we need to diversify our portfolio.

As a result, asking for 300% growth in Market Cap is beyond our knowledge. If you ask for 300% growth in revenue, that will be more likely to be possible.

Good insight.

@kahhoeng Both Puncak and Triplc are in the same situation.
Valuable asset at a steep discount to their market cap.
For the case of Puncak, the cash pile and
for the case of Triplc, Land and Concession.
Downside : Management who pay little respect to minorities.
Both can be considered value trap.

@kahhoeng, return from triplc will be much much faster than puncak. Puncak will only provide return after a long gestation period. There will be no option for minorities to pull out now.

In terms of % growth, PROLEXUS might be stronger than Magni in the next 3-5 years,
PROLEXUS are currently on a very aggressive expansion plan. There is however, more risk in PROLEXUS because going Vietnam is new and going upstream also new.
MAGNI is at a progressive growth stage.

The increase in inventory is already a clear sign that sales will increase.
If I recall correctly, NIKE did not forecast for a sales drop but rather a slow down in growth.

kahhoeng I believe base on the response that you have received there is no case. No case does not mean fairness, but that means external parties cannot exert any actions. Capital repayment, if it comes, will only act as a sweetener to enable the RPT. Complaining to SC will not make any difference.

麻烦你介绍一个可以赚钱的股票。谢谢！

老兄 , 巴菲特 就算没有 十万美元的 薪水, 可以有其他方面的收入啊。

Actually Puncak do not need the land from Triplc.
Getting Triplc to dispose the land to 3rd party and only buy the concession is a better deal for Puncak.

One thing for sure, Puncak not worth RM 2.50 at this moment.

I am expecting a weak result for Prolexus. I will only invest in Prolexus after August..

What a bullshit article. Please study London Biscuit cash flow first.

I consider CSCSTEEL and CHOOBEE undervalue. However, I will only buy CHOOBEE at the moment.
After Ah Pek sell I will consider buying. I don't want to sambut Ah Pek unloading!

An Ah Pek keep on nagging CSCSTEEL management to do this do that so the management pissed off and report a surprisingly bad result to get rid of him.
Same goes to Gadang.
Same goes to Latitude.

Hi Hi Hi.
Very soon Choo Bee will catch up with CSCSTEEL.

Hi Hi Hi.
Very soon Choo Bee will catch up with CSCSTEEL.

Looking at Puncak's share trend, there may be sweetener offered to encourage approving the deal.

RM 6 is only PE 10. Please take into consideration that :
1). Magni is a net cash company, with dividend close to FD interest.
2). Magni is a growth company. From 2013 to 2017 Revenue doubled.
3). Magni has additional capacity coming up in 2nd half 2017. Magni already set the right footing at Vietnam. Prolexus only plan to follow lately.
4). Magni supplies to NIKE. Revenue of NIKE never went down in the past, not even during 2007 - 2008.

Please forgive me. I have really happy to watch CSCSTEEL post a surprisingly poor result.

kahhoeng If Puncak and BJCorp are your major investment, I feel a bit worried for you.

I play both Pucat and CCC. Hopefully buaya will not bite me.

The most feasible approach I believe would be to try to convince more shareholders that Puncak BOD is not doing enough to unlock value of Puncak.
Going to SC would probably be useless.

Kahhoeng good luck. I don't know for sure if Triplc will be sold to Pucat but I almost know for sure your case will be rejected.

Hopefully 6 months from now we will know who is right : R'MOI or JAY.

younginvestor92 The person who speculates Magni fake profit is not klse.8k but rather 8年。Two different person.

My pick as follow
1). Magni – 15%
Capacity Expansion
2). Prolexus – 5%
Capacity Expansion
3). Complete – 10%
Warehouse Expansion
4). TAANN – 10%
Palm population in Prime Age.
5). Triplc – 15%
Potential of Capital Return at > RM 2.5
6). YKGI – 5%
Strong CRC pricing
7). Latitude – 10%
High Cash Level.
8). Tongherr – 10%
Turn Around.
9). CHOOBEE – 10%
Strong CRC pricing
10). EKOVEST – 10%
Strong Order Book.

I agree with KYY that there are some weakness in the Annual Stock Selection rules and criteria.
The solution :
The contest that KYY proposed with minimum capital is RM 100K is actually a good option.

Actually, to keep everything simple, Rozali can proposed a dividend of RM 2.55 per share along with the EGM. That will push the deal through.

Jay, thanks for all the details about puncak and triplc.

壳值点钱啊!

Is FA perfect ? No. To be exact there is no perfect method. Using FA will cause one to miss out on Google, Tesla and MYEG.
Is missing out on these companies an issue ? No. There are other companies that can generate good returns. We don't have to swing at every pitch.
Can FA weed out all the lousy companies ? Again no. But FA can reduce the possibilities of lousy companies getting into our portfolio and if we apply adequate diversification there is no problem at all.

A lot of people can come up with Business Ideas/Sense or Hypothesis. A tough question will be how do we measure the effectiveness of these ?
FA is the answer. FA will allow us to gauge the result of all these. FA is a measurement of the result of implementation and execution of all these business ideas/plans.

The only ugly sight was that there is a student who seem not able to comprehend what his teacher was teaching and decided to throw a temper tantrum.
KC you should probably give him a refund.

It is very nice for KC to come out with an article to explain clearly how he helped KYY to disposed all the dead wood. That may be the first step how KYY could have set himself free from those debt-ridden company.
It is even better for both KYY and KC to come out with another cool article and have them settling their differences.
KYY is around 80 years old. At 80 years old, I would be very happy to be able to remember what company I have bought 3 weeks ago.

WB will have adjustment matching the special div.

Let's put our hands together to welcome Mr OTB joining us.
As for Mr OTB's good buddy, please don't invite him.

@Stockmanmy Both CSCSTEEL and CHOOBEE will benefit from closure of Megasteel.
1). MEGASTEEL is both supplier to CSCSTEEL and CHOOBEE, not a major competitor.
2). Closure of MEGASTEEl will allow CSCSTEEL and CHOOBEE to import cheaper HRC from international market.
3a). If an investor is looking for quality, then CSCSTEEL is the right choice.
3b). If an investor is looking for undervalue stock, then CHOOBEE is the right choice.
3c). If an investor is looking for technology leader, then probably ANJOO would be the correct choice.

Triplc in Berserk mode for few days and now back to normal.
Wondering what will be the next hurdle to clear for the deal..