cooling

cooling | Joined since 2015-04-28

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Stock

2016-03-22 16:03 | Report Abuse

run for your lives!!!....nobody use gloves now....back to 1.80

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2016-03-17 11:02 | Report Abuse

ok...slow slow wait..hhaha

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2016-03-17 10:33 | Report Abuse

hhahaha...those who chase until 1.60 can shake themselves tonite...who wanna buy this company at that price man...only the company untung la...u think they gonna share u the money ah?!?!?....sohai

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2016-03-16 14:56 | Report Abuse

topglove is downtrending from today...will be heading to 4 on correction

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2016-03-16 14:54 | Report Abuse

whoa....BIG CORRECTION FOR GLOVE STOCKS

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2016-03-16 14:34 | Report Abuse

those chase 5.50..die...slowly heading to 4.50 soon

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2016-03-16 14:29 | Report Abuse

current price already factor in all the expectation

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2016-03-16 14:02 | Report Abuse

EPS dropped tremendously...be careful

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2016-03-16 13:42 | Report Abuse

not really...compared to previous quarter.....it has already dropped...means the current price is already fully valued...

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2016-03-13 22:50 | Report Abuse

better sell now while still can...fair value is only 0.90

http://www.thestar.com.my/business/business-news/2016/03/11/mbsb-rights-issue-to-lead-to-huge-eps-dilution/

KUALA LUMPUR: Malaysia Building Society Bhd’s (MBSB) proposed rights issue could dilute its 2016-17 estimates earnings per share by up to 40%, according to Affin Hwang Capital.

“We estimate a potential 39-40% dilutive impact on 2016-17 estimates EPS, barring any potential corporate enhancement exercises. The capital-raising is needed to recapitalise the group further,” it said.

MBSB is planning to raise up to RM2bil via a renounceable two-call rights issue of new shares to meet its capital requirement.

Under the proposed exercise, the issue price of the rights issue would be payable in two calls – the first call of which would be payable in cash on application by the entitled shareholders and/or their renouncees who wish to subscribe for the rights shares, while the second call shall be capitalised from the company’s share premium and/or retained earnings account.

The financial services provider said it would allocate about RM1bil in proceeds from the proposed rights issue to purchase liquefiable assets, while RM900mil would be used to expand its financing business, RM86mil as working capital and RM14mil for estimated expenses of the rights issue.

Affin said based on an illustrative Rights price of RM1, representing a 26.8% discount to the theoretical ex-rights price of RM1.12, there would be both a minimum and maximum scenarios.

The minimum scenario (8.5 Rights-for-10 shares) involving the issuance of 2,412.8 million rights shares, with the first call priced at 82 sen while the second call at 18 sen while a maximum scenario (8-for-10) with the full exercise of outstanding ESOS and warrants and the proposed dividend-reinvestment-shares, raising altogether 2,355.5 million rights shares, with the first call priced at 84 sen and second call at 16 sen.

“Assuming that MBSB’s earnings remain the same as our 2016-18E forecasts, EPS will likely be diluted by circa 39% to 40%. Return on equity (ROE) may decline by 0.7-1.7 percentage points,” Affin said.

Affin has maintained its “hold” rating on MBSB and an unchanged target price unchanged at RM1.38, based on a 0.75 times P/BV target premised on a 9.1% calender year 2016 estimates ROE.

“Ex-Rights, we estimate MBSB’s fair value to be 90 sen (at a 0.66x P/BV target), based on unchanged 2016-17 estimates profit forecasts. At this juncture, the deep discount of circa 41.7%-43% in the first call subscription price (82 sen-84 sen) to its current share price appears to be fairly attractive, but could potentially spark a selldown of the shares given this dilutive capital raising exercise,” it said.

Affin said the upside risks for MBSB was corporate exercises to enhance earnings while the downside risks was increased delinquency and more impairments on financing books and no implementation of turnaround plans.

Stock

2016-03-13 22:29 | Report Abuse

the is another bailout from epf after the failed merger.....it will drop further due to bad property sector....looks like Chua mah yu have sent many to Holland....

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2016-03-11 07:32 | Report Abuse

speedy boy...u can hold....but I will buy back lower

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2016-03-11 07:29 | Report Abuse

losing money like shit.....now use public money and epf money to bailout.....I'm gonna cutloss first thing in the morning..

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2016-03-10 19:51 | Report Abuse

means dilute shares la...tomolo sure drop..gone already..going back to 1.20

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2016-03-07 12:02 | Report Abuse

after the recent split...at current price Topglove is still expensive...only consider when it hits 4.50 because rubber price increased...and sales are dropping...oversupply ...better cutloss now

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2016-03-07 12:00 | Report Abuse

....no contract now...masuk p17 first

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2016-03-07 10:04 | Report Abuse

cutloss...else all the abalone you ate need to vomit all out...

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2016-03-07 09:27 | Report Abuse

OTB: FLBHD have reached my cutloss point...please discipline and follow strictly to the rule...thank you

Stock

2016-03-07 09:22 | Report Abuse

OTB: KESM have reached my cutloss point...please discipline and follow strictly to the rule...thank you

News & Blogs

2016-03-06 09:01 | Report Abuse

i3 has team up with the sifu and sidai to cover up the truth...that's why they removed his post twice... hahah

Stock

2016-03-05 12:46 | Report Abuse

of course it's bad news...genetec quarter results like shit...then with shares consolidation....at current price will become 1.50....tell me who wants to buy 1.50 shares at times like this??... it will fall until at least 0.08 cents before consolidation...Gluck to those still holding

News & Blogs

2016-03-05 10:48 | Report Abuse

gadang is showing weakness....beware...next coming

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2016-03-04 00:22 | Report Abuse

not fiberboard....any rattan counter?...

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2016-03-04 00:21 | Report Abuse

wee...that's rattan furniture...not wood...must be clear...

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Stock

2016-03-03 14:57 | Report Abuse

evergreen seems to be ever red now

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2016-03-02 00:41 | Report Abuse

princehero...please show us proof which fund is buying...sentiment is real bad...dont cakap kosong here and con retailers

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2016-03-02 00:34 | Report Abuse

PETRONM (Stopped Out @ RM6.47). Recall that we had previously issued a Trading Buy call on PETRONM back in 23-February, after the share price staged a technical breakout from its ‘Ascending Triangle’ chart pattern then. Unfortunately, the shares have undergone a tremendous sell-down (-24.8% since our issue date to RM5.35 yesterday) after they reported a rather disappointing earnings report card. All key momentum indicators (MACD, Stochastic and RSI) are trending south strongly to lend a hand on the bearish technical picture. As the share price has met our conservative stop-loss level of RM6.47, we are forced to stop out from the stock. Meanwhile, interested investors who are looking to accumulate on weakness should be aware of catching the falling knife at this juncture. Instead, they could look to enter at a more compelling level near the RM4.50-RM4.56 (S2) level. We strongly advise investors to look for a convincing technical rebound from the aforesaid support level before entering the stock.

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2016-03-01 13:02 | Report Abuse

wah u bought 0.95....those who buy at 1.00 and above damn sohai...haha

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2016-03-01 12:11 | Report Abuse

listen to bloggers die faster

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2016-03-01 11:48 | Report Abuse

leslie is right....stay away

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2016-03-01 11:16 | Report Abuse

OTB: Please practice your cutloss skills

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2016-03-01 10:28 | Report Abuse

ppl are exiting the market

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2016-03-01 10:20 | Report Abuse

yesss ahhh????....hahah then u buy lor

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2016-03-01 09:43 | Report Abuse

who bought Holland ticket today??

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2016-03-01 09:28 | Report Abuse

here comes another rumour...at times like this...we can't believe rumours...the risk is not worth it...

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2016-03-01 09:13 | Report Abuse

don't worry...2nd wave selling coming...Rm3 first support

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2016-03-01 08:25 | Report Abuse

nasi sudah jadi bubur

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2016-02-29 18:49 | Report Abuse

superb99...u really superb la collected at 3.94....tomorrow u can collect at 2.80 also ..not too late

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2016-02-29 18:49 | Report Abuse

the forum is quiet...means tomorrow a lot will throw 1st thing in the morning... ..gluck!

Stock

2016-02-29 18:39 | Report Abuse

Dr M keluar...besok drop another Rm 1

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2016-02-29 15:30 | Report Abuse

....anybody who holding OTB stocks....better run

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2016-02-29 15:29 | Report Abuse

this is johotin kosong la

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2016-02-29 15:21 | Report Abuse

kianjoo already showed bad results...flbhd...genetic....geshen...already dead.....johotin......next incoming canone

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2016-02-29 15:15 | Report Abuse

LTA also have to cut half out first