No doubt today volume will hit more than 1 million. and quite possibly the 2million. The buying interest is obvious. No shark is willing to push with so much volume with little profit like today. Get ready to ride the wave. stay out if you do not have the risk appetite. those who bought on 26 august. sit tight, cause if there is a shark. you are on about the same starting ground. Cheers!

You judge with the volume. The demand is better than real. I have a feeling the company is buying back for them to pay PITI. it made total business sense. from yesterday to today price, they could pay piti at so much discount. just saying.

Here is the deal. Buy the company at the price of PE<8. and the realize profit will evaluate at 21x PE. you do the math by assuming 4 million profit a year. and do remember 12 million of the deal is profit guaranteed. which to be paid 4million every year.

Im actually worried when someone claim there will be announcement. I realize some profits at the end. Im may be paranoid. but safety first.

Good Job Everyone!

Hmmm...TruthPrevail. sounds like you know something.

But now I'm worried. Be careful guys.

I think no announcement. is only the price has been over-depress. people lose their mind on their loses. when they realize how crazy the value is now. They buy.

However, it will also swing wildly if the market continue in correction mode tomorrow. a lot is depend on China and US. The competitive currency devaluation does play it's part. the Market said so.

It will be not wise to take profit now. not today. not too soon. Volume is very promising now.

Think of the worst possibilities for KLCI. Najib Undur. it might send KLCI to 1400 in short term. Game of throne is definitely not good for business. but good thing is we are half way there. So deploy 30-50% cash might be a good strategy. just in case. But we don't see Najib is moving out from putrajaya soon. Judging from the money he took from the donor, there is no way he will make a voluntarily step down. and he still need to fulfilled what is promised to the donor. That amount of bribery will make sure you do your part. FED raising interest rate is not possible anymore in view of China recent attack on USD. We took the stand US will have no choice but to stay with easing policy. Simply because when the world is having the party, you cannot simply stop the music. recent sell down in stock are overwhelming. a drop like this has already price in lots of negativity and panic. Buy undervalue good stock now. there is of course possibilities the market can go lower if FED do decide to leave the party (but cant see the reason why they will).

Good Job Ifca. Another day of good volume buying. Today it has show a beautiful reversal trend for IFCA. Uptrend confirm and is poised to test 80sen in very near term. possibly next week. Below PE 10 for a growing company. no way! Too much pressure from Market volatility, be patient and you will be rewarded.

There is massive massive of liquidity in the market right now. and yet people are talking about further delay of interest rate rise from yellen. with china cutting interest rate yesterday and potential QE4 in the making. if all this money has to go somewhere, big pile of it will be equity and on market with cheap valuation. this make Malaysia very attractive for now, KLCI took a beaten earlier and more severe than our peers, and ringgit slide more than our peers. and yet we have great GDP number of 4.9 which stand up better than most of asian market.

If you arrive at the wrong conclusion, you will lose opportunity. In terms of valuation, IFCA is robust. Price at PE 9 for a growing company is indeed attractive. from technical perspective, the selldown is overdone. support has found yesterday base on the incredible volume. and today the the buying volume command 70% of the ifca trades. accumulation is on the way. of course, you can sell if you think the downfall from RM1.86 to 56cents have not digest the lower revenue result this quarter. mind you, it is still a big leap from last year quarter.

Turnaround confirm

The current quarter though do not possess the quality of positive surprise. however it does confirm the company turnaround is intact. hence it's valuation remain robust. The current sell down should be a good opportunity to collect.

The strong USD impact shall be seen in the coming quarters.

For why this quarter isn't benefited from strengthen USD? It is stated in the current quarterly report.

"The preceding quarter saw a higher other operating income as realisation of forex gain resulted from the strengthening of USD against the RM was greater in that quarter since most receivables denominated in USD were booked in at much lower rates before the drastic hike. No major fluctuations were noted in current quarter’s administrative expenses as compared to preceding quarter. "

https://www.youtube.com/watch?v=K7KMRBoqQUg

Good luck friends...!

Elsoft is very interesting as well. Revenue improve more than double, Profits jump more than 300%. 12month PE 13. Profits margin 40+%. ROE 30%. Im making adjustment for my portfolio, love this two company a lot.

do expect it to fall further.

The Strongest First Quarter of MMSV. Revenue up 50% and Profits up 116%. Do note the first quarter are historically weakest quarter since turnaround. This is not unique to MMSV, similar industry player like Vitrox are having the same trend. Also worth noting Sales in Malaysia and America has improve significantly as compare to the preceding quarter. This confirm the growth momentum for MMSV to supply LED tester to the American counterparts namely Osram & Phillip. Best of all, the group has no borrowing and has 16 million cash in hand awaiting for expansion.

if you attended the AGM today......

http://www.klse.my/stock/insider/director/all/0113.jsp#stockDetailDiv

I find this site helpful. Click on option and you can know the "Total interest %".

http://www.klse.my/stock/insider/director/all/0113.jsp#stockDetailDiv

The directors is merely selling the portion they bought in during bad times. If you were them wouldn't you want to keep some cash just in case?.

Year 2005
Goh Kim Hock 21.12%
Sia Teik Keat 21.12%

Year 2015
Goh Kim Hock 21.82%
Sia Teik Keat 21.78%

yesterday news.

Phillips new LED light-bulb to cost only USD 2.5 each while most of the current LED-bulb to cost USD 10 each.

http://www.wired.com/2015/04/philips-cheap-led-bulbs/

I think This will boost market share for Phillip LED and MMSV will be indirect beneficiaries of this trend since Philip is one of MMSV client.

Some last year interview for your convenient. LED tester are important to reducing LED production cost.

MMS’ customised LED test equipment are capable of performing vision inspection, test handling tasks, and laser-marking identification codes on the LEDs and checking the brightness and colour of LEDs.

“These multi-function equipment cuts down the need for our customers to outsource processes such as vision inspection and laser-marking tasks. Fewer operators and engineers would also be required to man the production process of LED modules. Generally, our LED test equipment reduces cost of producing LED by 20% to 30%,” Sia said.

There is no stock with ROE above or around 30% with Profit for rolling 12 month has valuation this cheap. Average we should be looking at P/E16-18. Strong fundamental and partnership with Phillip & Osram should indicate MMSV solid turnaround. LED tester will only get more demand as LED prices are starting to be comparable to conventional lightbulb. There are still a lot growth potentials in the future as 80% or more of the current lighting user are still on conventional light-bulb. Way to go. way to go.

@Haan, sorry I do not know when is the best time to enter. But I'm positive it is currently undervalue when compare to peers. And what the heck you guys did. What had just happen!!! I want to buy!!! Why run so fast!!!

re-post for your convenient.

MMS VENTURES BHD Summary

When Compare to Peers (Inari,Globetronic, Elsoft,Vitrox)

ROE 33.74 Highest ROE
P/E 11.5 Cheapest PE
EPS 6.41
DPS 1.00
DY 2.72% Just started to pay Dividend in may 2014
PTBV 3.39 Cheapest price to book
PSR 2.65 Cheapest price to sales

No Borrowing
Cash position from RM2.517million to RM15.714million, from early 2013 to end 2014.

Waiting for a bigger correction. Sold my other holding and prepared to go long with MMSV.

http://www.theborneopost.com/2015/04/10/big-demand-for-led-testing-equipment-to-spur-growth-for-mms/

MMS’s net profit grew at a compound annual growth rate (CAGR) of 192 per cent from 2011 to 2014. supported by strong demand for its LED testing equipments, Affin Hwang believed that the company will be able to maintain its steady earnings growth momentum in the future.

Sell Sell Sell....If you contra you better run.

But don't have to rush and buy. Buy on correction. safer.

Repost for those who is still in doubt. The fundamental is strong for MMSV.

MMS VENTURES BHD Summary

When Compare to Peers (Inari,Globetronic, Elsoft,Vitrox)

ROE 33.74 Highest ROE
P/E 11.5 Cheapest PE
EPS 6.41
DPS 1.00
DY 2.72% Just started to pay Dividend in may 2014
PTBV 3.39 Cheapest price to book
PSR 2.65 Cheapest price to sales

No Borrowing
Cash position from RM2.517million to RM15.714million, from early 2013 to end 2014.

Disagree with Nsyee. no offence. The volume traded is very low. not enough trigger a major selldown.

At 54cents, it's about 4-5% discount to book value, fairly low risk from valuation standpoint. Prospect looking great with Solar 1st production line (Revenue increase from Rm12mil in 2013 to 47mil in 2014) and worth mentioning 2-3 new production line coming up this year. With such growth potential, the company is only selling at PE 10. Fairly good value.

MMSV is poised for growth, current management team are able to secured LED tester and handlers contract with international manufacturer. The reason? Their machine are 40-50% cheaper to Japanese and Korean maker. And...Still able to make 25%-40% profit out of it. And...by the way, they are entitled for 10 years tax exemption. Can you see the prospect yet?

People often fail to appreciates value. especially when they got it for free. Tekseng-WA may be a good example.

opps...

"MMSV is not worth it. trust me"

52w 0.185 - 0.680 When Compare to Peers
ROE 33.74 Highest ROE
P/E 10.06 Cheapest PE
EPS 6.41
DPS 1.00
DY 1.55% Just started to pay Dividend in may 2014
PTBV 3.39 Cheapest price to book
RPS 24.35
PSR 2.65 Cheapest price to sales
Market Cap 105.1M

No Borrowing
Cash position from RM2.517million to RM15.714million, from early 2013 to end 2014.
Still in ACE Market/Big fund cannot buy.

MMSV is not worth it. "trust me"

Given the obvious good fundamental comparison. people are still easily confused by simple statement. Ok my bad, I shouldn't have joke about it.

https://www.youtube.com/watch?v=ohXI3po8hK0

MMSV (0113) [s]
MMS VENTURES BHD Summary
0.645


52w 0.185 - 0.680 When Compare to Peers
ROE 33.74 Highest ROE
P/E 10.06 Cheapest PE
EPS 6.41
DPS 1.00
DY 1.55% Just started to pay Dividend in may 2014
PTBV 3.39 Cheapest price to book
RPS 24.35
PSR 2.65 Cheapest price to sales
Market Cap 105.1M

No Borrowing
Cash position from RM2.517million to RM15.714million, from early 2013 to end 2014.
Still in ACE Market/Big fund cannot buy.

MMSV is not worth it. trust me.


Listed the peers for your consideration.


ELSOFT (0090) [s]
ELSOFT RESEARCH BHD Summary
1.760


52w 0.675 - 1.810
ROE 27.15
P/E 15.81
EPS 11.13
DPS 4.00
DY 2.27%
PTBV 4.29
RPS 24.94
PSR 7.06
Market Cap 318.6M




GTRONIC (7022) [s]
GLOBETRONICS TECHNOLOGY BHD Summary
5.400


52w 3.440 - 5.550
ROE 22.68
P/E 23.57
EPS 22.91
DPS 21.95
DY 4.06%
PTBV 5.35
RPS 126.33
PSR 4.27
Market Cap 1,517.6M




INARI (0166) [s]
INARI AMERTRON BERHAD Summary
3.310

52w 2.120 - 3.390
ROE 31.70
P/E 18.37
EPS 18.02
DPS 5.12
DY 1.55%
PTBV 5.82
RPS 120.06
PSR 2.76
Market Cap 2,386.1M

RM 1.2 million tukar tangan @ 0.325. hanya dalam sepuluh minit.

Please press down. I want to buy lower. who doesn't. right?

Technical looking very bad. Head and shoulder. Death cross. weak support at current price. support at 0.50 If it break 0.54. and is not a very strong one. Be very cautious.

Zelan was hit due to plummeted oil price and speculation Petronas will be cutting CAPEX and affect Zelan's RM248.5m involvement in RAPID Pengerang with Petronas. Now as Najib clear the sky saying RAPID will not be affected by the revised budget. Means there is no cutting project in Rapid. Zelan should surpass 37cents in no time.

Price below NAV. oversold. bought some.

damn. by the time I wrote this, KLCI is already reversed it's 10 points gain to 6 points loss!

Today KLCI rebound on technical, high chances a trap. Because there is no solid fundamental improvement on Malaysia economy. Mostly bad news. and what Zeti talk about "oil price still sustainable" is only to sprinkle water on fire. The damage is already there, Petronas already decided to cut Capex, O&G company already started retrench process. SKpetro too cut Capex. nothing is good really. Saudi expect oil to stable around 60. means they wont take any production cut measure until oil price breach below 60. and current oil prices still proven sustainable for Shale producer. means current capacity still potentially oversupply. Ringgit can be extremely vulnerable against the dollar due to ended QE and potential interest rate hike in the US. Carry trade has some very bad reputation and is closely link to 1997 crisis. Becareful. if you exited your position, you dont want to get burnt amid this negative market. I like Fitters, but now is simply not the time to invest in KLSE.

On Technical. Fitters already break Oct 16 low. Just like KLCI does. It is a time to be cautious. On Fundamental, there is potential to go lower since Pipe replacement business is closely link to Gomen budget. My two cents.

Maybe you want to think again. KLCI is in double top mode, death cross. and when was the last time you see 38 points drop in 2 and a half hours? This is only a beginning.

Like. (Where is the "Like" Button!?)

But godbless what do you think of Zelan? I think this is the bottom. 32sen. it will be weird if it break this, given the company valuation is so low now.

The domino effect. more bad load will surface if property market make a downturn. more default. O&G retrench may make substantial impact to this. the current housing market are likely to support by two person salary. it can quickly go sour if unemployment surfaces. ohhhhhh.....damn, the more i think. the more negative it gets!

Let's hope I am terribly wrong. No one wants to see Malaysia get into another major financial meltdown.