Flirting with 1.30

Thanks Betta68 and Krystal Lee

There's an article titled "Why Brahmal bought into Palette" in StarBiz Premium. Anyone has access?

Finally the engine is turned on...

@MrPauper Those who buy at 4.00 and wait to sell at 6.00

When counter going down, everyone whacked DRwarrant. Now that it is going up, nobody thank DRwarrant. LOL

Hi davidtslim. Thank you for your hard work and willingness to share your research. Good job and well done. I have learned a lot and hope to continue reading your publications here in i3.

3Q GDP growth at 6.2%, and GDP growth is usually proxy to bank performance...

In line with expectation. No surprise.

KWAP starts to acquire again...

It's not just Palette.. FBMKLCI and most stocks across the board are in a sea of red.

@gamion FYI, the companies in FBMKLCI are determined based on the top 30 companies in Bursa based on market capitalisation, not "exciting or news driven" companies. No matter how exciting a stock is, if it's a small penny stock with low market cap, it will never enter the FBMKLCI. Hope this knowledge benefits you.

What the hell... Who just sapu all the way from 1.99 to 2.09 in 15 minutes time...

@Jeremiah Bizz Retailers throwing, fund/big shots collecting.

@Joshk I wasn't caught at RM0.50 and collected at RM0.395. Still feeling a bit of pinch though now that it is RM0.36. To answer your question above, I think many are full-time traders who have to survive with daily/weekly profit from the stock market. People who are doing passive investment and adopting value investing will have no crippling fear as we have no urgency to sell and have the time to hold. I'm also on your side on believing that earnings is ultimately what determines the share price. At this juncture of EPS RM0.095 for the latest quarter (I am assuming it can maintain its EPS for future quarters), price below RM0.40 is palatable for me. Also, commenters here seem to prefer to read and buy in baseless comments like "RUNNNNN" or "BUYY ATTACK SAPU ALL" which are baseless and without reasoning whatsoever. Hope everyone can turn on their thinking hat, filter out comments without reasoning and only absorb the ones with facts, figures, and reasonable logic. Happy investing!

@Uncle_Lim Retailers enter first. Then fund come in = Smart.
Fund comes in first. Then retailers enter = Stupid.

Collected at RM0.395. I'm buying the business, not buying TS Wong...

@Joshk Precisely what I said. Seems like most people are buying TS Wong, not buying Palette. HAHAHA!

Other than the announcement made by TS Wong, did any other thing change? Business nature? Fundamentals? Operating activities? Profitability? Future prospect? Nothing...

You have to ask yourself if you're buying the announcement or buying the company business and prospects. For me, I solely look at the business. With fundamentals remain unchanged, I view this as a 15% discount for me :)

Seems like there are people who confuse between PN17 and Paragraph 8.03A.

PN17
"The financial condition of a listed issuer on a consolidated basis must, in the opinion of the
Exchange, warrant continued trading or listing on the Official List. "

In layman term, it means that a company who has suffered huge financial losses for a long period of time may be issued PN17 whereby the company will be required to submit a plan to Bursa explaining how it plans to turn the company around to profit again.


Paragraph 8.03A (The one impacting Hua-An)
"A listed issuer must maintain an adequate level of operations to warrant continued trading or
listing on the Official List."

Hua-An was issued with paragraph 8.03A because it leased out its oven in 2016, making it inactive (No operating activity). In order to satisfy paragraph 8.03A and lift this up, the only simple requirement is to have operation activity.

Think for yourself if there is any chance that Hua-An's application will be rejected....

Next catalyst would be Bursa's approval of Huaan's regularisation plan. Wait for that...

https://www.icis.com/resources/news/2017/11/03/10160170/asia-bd-prices-look-set-to-fall-further-on-surplus-cargoes-from-china/

Looking at the graph in the link shared by @Invest1188, seems like raw material price (Butadiene) has peaked and resuming to its previous level.

@Invest1188 Thanks for sharing. Good news for Superlon when butadiene price falls

Asia butadiene (BD) spot prices may continue to fall further in the near term as supply outstrips demand. Surplus stocks unloaded by Chinese petrochemical major Sinopec had weighed on the spot market, forcing sellers with regional or deep-sea cargoes-in-hand to drop their prices this week. Spot prices plummeted to $1,100/tonne CFR NE Asia on 27 October, down by $125/tonne from the previous week, ICIS data showed.

@Uncle_Lim Damn dude...Don't dump rubbish info here. Show facts and good reasoning. Did you queue at 0.265 a few days ago, didn't get, and now sour grape?

@Uncle_Lim Mind sharing your source?

All the positive news are here:
1. Coke price uptrend
2. Coking coal price sustainable
3. Turnaround story (Loss making due to inactivity --> Profit making)
4. Respectable profitability (EPS 1.96/c for Q2 and 3.04/c for Q3)
5. Good valuation. With that kind of EPS, price below rm0.30 means a PE below 10 which is very attractive.
6. Company just submitted application to uplift it's status of being classified as an affected listed issuer pursuant with 99.9% approval (Because Hua An is now profitable)
7. Good prospect as company declared that it is environmental compliant and even the management is optimistic of outlook

Daily fluctuation of 0.5 cents, 1 cents is normal for this stock because it's just rm0.28 per share. As such, 3%-5% daily is also normal. If want to make big money, dumb dumb hold.

seems pretty attractive now

Lionind and Masteel show yesterday. Annjoo show today

Buaya already waiting for the T+4 traders cutting loss to throw to them and they eat, eat, eat

Daily fluctuation of 0.5cent, 1cent, 1.5cent is normal for a stock priced at rm0.28. calm down...

@klck23 On Hua An, they released their QR in end of October. Yoy profit up 435% and qoq up 55%. What are you talking about...?

@hanwen yeh lol. I like you.

Last call @RM0.295

@hanwen yeh All your predictions are so accurate, as though you are the shark hahaha

what the hell y'all... up a 1-2 cents, you all sell.. want to make big money or not??

LOL Ratman.. Newcomer, just bought, and so fast "Habis"?

@investorwannabe I was queuing at 0.29 the whole morning also cannot get. Correction is normal after a gap up before 2nd round of push. The smart ones know it and are queuing low for 2nd round push.

Now waiting for Hua An to announce that it's financial condition has been regularised, either today or within this week..

good closing. round 2 tomorrow.

RM0.50 wet wet water based on company's prospect and optimism:

Chinese economy has continued to beat expectations with the growth rate coming in
slightly ahead of analysts’ forecasts. From 6.9% growth in the first six months of the year,
China’s Central Bank governor, Mr Zhu Xiaochuan, forecasts that the economy could
grow at a rate of 7.0% for the second half of the year. Such economic growth are
envisaged to be achieved through continued robust public and private sector
infrastructure projects as well as real estate development pursuits particularly in the third
tiered cities, all of which will provide an impetus to the steel and coke industry. According
to a steel industry consensus, the domestic steel demand is expected to continue to be
robust and sustainable through the rolling out of several socio-economic initiatives, more
notably the expected RMB2 trillion steel consumption required to realise China’s highspeed
rail project from 2017 to 2030 as well as the spin-off effects of the massive OneBelt-One-Road
(OBOR) initiative which will be spearheaded by China. All these may be
seen as a catalyst to provide a compelling case on the prospect of the steel and coke
industry, moving forward.

In view of the above, the Group remains optimistic with the recovery seen in the steel
industry and will continue to be vigilant to relevant consequential circumstances that may
have perceivable effect on the metallurgical coke business, to which necessary action
steps will be taken to face those challenges as and when they arise.

This is a turnaround company. With EPS of 3cents/share currently priced at RM0.3, very attractive. TP RM0.50.

GAP UP

Rocket rider You have two options: (1) You sell all now (2) If you intend to hold, you should subscribe. Or else, you are giving up your entitlement.

NPAT expected to increase from 14mil to 38mil after acquiring SMHB. Accordingly, EPS expected to increase from 4.39c/share to 7.59c/share. Positive development.

Price plunged so much and made me relook Superlon again. Fundamentals seem to remain intact with decent dividend payoit ratio. Gonna accumulate some at this cheap price