@Jay
You are positive with Ekovest, Triplc and now Prestariang. It seems like you like to invest in companies where the future is secured but details are not so straightforward and very complicated to work out.
Am I correct ? Any comment on WCE ?

@Up_down Make sense.
Probably Rozali wants the everything to be in place for the Triplc Medical before selling to Puncak to fetch a higher price. The issuance of Sukuk from Triplc Medical may be one of the few outstanding items to be closed. If there is anything left open, there may be a discount in valuation due to risk.
Or it could be that Puncak demand the project to be in a phase where they will not suffer from any risk before taking over. Look at the deal between EPF and EKOVEST. EPF added in clauses to protect the return. It is almost like a profit guarantee.
The fact that the deal was delayed for 2 times but never cancelled suggests that we should see a completion of the deal, just not sure when.

PE close to 16. Not worth the high PE unless there is some unique strength within the company.

Without TPPA, MAGNI and PROLEXUS registered spectacular growth over last 5 years. TPPA is unlikely to increase revenue because TPPA will not increase the sales of NIKE. What TPPA will likely affect is the profit margin. Without TPPA, MAGNI and PROLEXUS will lose opportunity of further improving profit margin, but should not affect current business.

Apparel production is a labor intensive, low value add manufacturing. Even in Malaysia Prolexus is struggling to get enough workers. As a result it is unlikely for apparel to be shifted back to US. Malaysia is not so high up in the value add chain. Companies in SG/TAIWAN/KOREA would have higher chance of being impacted.

A very sad news. I don't think I like Mr Kueh but I wish him Rest In Peace.

Why quarrel ? Those in for short term, sell and take a rest.
Those in for long term, hold and sit tight.

Only 1 more week. I think definitely delay again another 3 months.
Deal maker can go for Christmas and Chinese New Year already. Come back again in FEB 2017.

xuewen, which info convinces you that EKOVEST is undervalued ? You were skeptical initially.

We diam diam make money here.
Later all the experts come then kacau kacau again.

Wah, almost 30sen dividend !
Responsibility of management is to put resources into good use to generate return for shareholder. If they have excess resources such as cash and they have no good way of investing it, returning it to shareholder is correct.
Good Job EKOVEST !!!

Short term, share price is affected by sentiment.
Long term, share price will correlates to earnings and fundamental.
Those who have bought Gadang for a short ride, time to leave. There is no earning recovery in 2017.
I still believe Gadang is not bad. I plan to buy some if cheap enough.

I don't mind if EKOVEST will go into hibernation.
Listing the tolls too early will reduce our gain.

After dividend definitely will go down for the short term. Long term everything backs to the fundamental.

@calvintaneng Gadang is better than London Biscuit or Talam.

First cold eye sold his gadang stake.
Now KYY come out to say that next 12 months will be dull for Gadang(which is true).
Next few weeks may be a good time to buy gadang when stampede happens.

I agree with Jay. I don't think Ekovest highway spinoff will happens in the near term. Probably 5 years from now. Ekovest is for long term and steady investment. Probably 2.5 x current price 5 years from now.

Listing should only be done when cash flow is strong but growth is tepid. That will fetch the best valuation.

xuewen, my calculation is very crude.
1). EKOVEST would be able to pocket around 1.1 billion from EPF.
2). This 1.1 billion can be used to offset close to 300 million of debt.
3). Essentially EKOVEST will have close to 800 million net cash WITHOUT CONSIDERING BOTH THE ASSET AND DEBT OF KESTURI WHICH EKOVEST STILL OWNS 60%.

Not correct in accounting terms. I assume KESTURI should be able to at least self sustain from now on or else EPF will not purchase a 40% stake.
This 800 million will be important to EKOVEST because DUKE III(SPE) is not under KESTURI.

http://www.marc.com.my/index.php/marc-rating-announcements/543-marc-affirms-its-aa-is-and-a-ratings-on-konsortium-lebuhraya-utara-timur-kl-sdn-bhd-s-rm2-3-billion-senior-sukuk-and-rm180-million-junior-bonds-respectively-31122015

A big majority of both the asset and debt actually belongs to Kesturi.

xuewen, upon disposal of 40% of Kesturi, EKOVEST will be :
1). Net cash position of 800million.
2). Market Cap of 1.9 Billion.
3). Enterprise Value of around 1 Billion.

At 1 Billion you will get :
1). 60% of Kesturi which owns Duke I , Duke II operation.
2). Duke III(also known as SPE) construction and operation
3). Construction and Property order book.

Just the 3 tollway operations is enough to attract me. I am lazy to check through the land banks.

Is it a hype or a gem, you make your own decision. If Disposal of Kesturi to EPF falls apart, then there is risk of right issue but that would not make EKOVEST less valuable.

CCB is too closely tied to domestic consumption. Malaysia domestic consumption is too weak.

Do we expect Ekovest to do a right issue ?

Vivo please help to dump until limit down. I will switch my CSCSTEEL to add more TRIPLC ! Thanks.

7 months waiting.........

Aiyo I already unloaded most of mine at 2.3.

http://www.morningstar.com/news/dow-jones/TDJNDN_201610215638/british-american-tobacco-offers-to-buy-remaining-reynolds-stake-for-47-billion-5th-update.html

If the takeover can increase brand name available from BAT in South East Asia, then TienWah will benefits.

This counter is weak in terms of share price thanks to KYY.

Ya, I also hope Puncak come in fast. I am stuck at 2.8.

If US or Europe impose Anti Dumping on China product and CSC get ready for export, then sky is the limit for CSC. Choo Bee is already mulling the possibilities of export.

How many shareholders here hold from January until now ?

RM 2.6 only ? A bit disappointed !!!

It seems to me that BAT forced TIENWAH to buy their subsidiaries in exchange for the printing contract.
This may not be such a good deal, but definitely help to remove uncertainties.

Very little research about this counter, probably due to the bad image of TALAM and long delay associated with WCE.
Buy WCE and EKOVEST and can keep for 10 years !

不懂这篇文章提到的股是哪一个， 不过MAGNI 肯定可以投资。MAGNI 其实有EXPANSION PLAN， 可是不懂为什么没什么人知道。

Probability, no. I am referring to a quarter where CSCSTEEL experienced a drop in revenue and the drop in revenue was due to MEGASTEEL not able to deliver material on time. Apparently CSCSTEEL did not mitigate with import but I do not know the reason behind.

CSCSTEEL will definitely also benefits from closure of MEGASTEEL. As of February 2016 they still purchase from MEGASTEEL.

http://www.stockhut.com.my/news/89041

One of CSCSTEEL's bad quarter was due to inability of MEGASTEEL to deliver material on time.

How to accumulate quietly if price shoot up like that ?

At current level of valuation, cash flow and cash on hand, no growth is required to propel the share price.
The only thing to watch out in the short term : KYY dumping.

deal delay ?

Kahhoeng You do not understand the underlying value of TRIPLC. Puncak will fly after eating up TRIPLC.

Rozali will definitely do something to enrich himself. :-)

Hello jayloh. Thanks for your research on Triplc all this while.

Selling force is strong in HEVEA.

close to NTA. No power already.

leecuteguy This is asset play. This is not simple buy and hold investment. There is certain risk associated with both investment in TRIPLC or PUNCAK.

I am in both Puncak and Triplc. The deal will be sweet for both groups of shareholder. However, Rozali needs to know how to make it sweet enough for both parties.
I wonder if Puncak will look at Menang next. Same nature of business.

I would prefer a complete takeover. Can cash in earlier !

dungudog There is no long suffering holder in TRIPLC because the previous all time high was at RM 1.91. Almost everyone holding TRIPLC are making profit.

dungudog There is no long suffering holder in TRIPLC because the previous all time high was at RM 1.91. Almost everyone holding TRIPLC are making profit.

dungudog There is no long suffering holder in TRIPLC because the previous all time high was 1.91. That is why now almost everyone holding TRIPLC are making money.