Bravo

@logitrader @Joel, They just exercise their ESOS options ...

Dear II, you're really an expert in Excel :)

Hi KC, pls add me chyithong@gmail.com

I enquired before but I didn't receive any email from you, just want to double confirm. Thx

Keven, I think your PE calculation is wrong. Pls take note the counter is just split. The no.of outstanding shares had increase

Ok. Noted. Thanks, KC.

Dear KC, thanks. I get the calculation same with you this time. Thanks for it. But one more question, since the discount rate and growth rate are same at 10%, all present FCF values for each forecast year are same from first year to 10th year. Is it okay?

Hi KC & BS,
Need your help here. I can produce all the numbers for the DCF model for Presbhd except PV of FCFF of core operations of $751,000. I get the total future value of all cash flow (10 years FCF + terminal value) of Rm1,692,441. When I convert it back to present value, the value is not %751,000. I'm using the formula of (total FCF + terminal value)/(1+0.1)^10 . Did I do anything wrong?

A good update from the CIMB report for the oil & gas training company, autodesk distribution as well as the intake for the group's UniMy. Thumbs up for Prestariang

last year had special dividend ..

last year because of special dividend, I dont think so this year will have since the group need some cash for the acquisition

EPS is around 20 cents. RM1.80 is little bit too high for me, to apply a PE of 9 to prolexus whose market capital is around RM100million is little bit too high. Else, I would like to hear from Knavi regarding his justification.

@ipomember If spins off its property segment and plastic packaging, what it left? consumer packaging?

The company's manager director aims to double its market capital in 5 years time.

http://chyithong.blogspot.sg/2013/11/scientex-prestariang-ceos.html

The group's CEO aims to double its market capital in 3 years time to reach Rm1billion company

http://chyithong.blogspot.sg/2013/11/scientex-prestariang-ceos.html

http://chyithong.blogspot.com

Prestariang 柏斯達亮 Q3FY13 High High High

Prestariang Berhad just released its latest quarter report this evening and guess what? It records all time high quarter result in terms of revenue and net profit. That's really high man ..


In terms of revenue, the group records similar result with corresponding quarter last year. But in terms of profit before tax, the group records a 26% improvement, that's the group highest record so far. This boast its quarter EPS to 5.61 cents too. The increase is mainly caused by increase revenue from its ICT training & certification which help to offset the lower revenue from its software license distribution.

On the other hand, the education segment as expected is still suffering loss close to RM2m. Anyhow, it's still in initial stage and it's a long term project to bring recurring income to the group in future.


By comparison with preceding quarter, both segments also record improved result. Management team stated that this was due to higher amount of classes being conducted during the quarter for 3P program. Furthermore, the training and certification carry higher gross profit margin if compared to license distribution, this caused a higher bottom line result. But, they did specify that the 3P and IC Citizen program have seasonal factor as the execution of the programs are based on pre-schedules and will experience peak during the semester breaks. This will probably cause certain low in some quarter due to lower class conducted which in turn lower revenue recorded during the respective quarter.

In terms of balance sheet, due to the light asset nature, ROE for the group remains high. Low borrowings and high cash in hands. Retained earnings are almost 3 times of share capital. Perhaps a chance of bonus issues to increase the share liquidity? Little bit greedy since the management is quite generous on giving dividend already :)

Apart from that, the group also has RM26m short term investments. Based on my email enquiry to them earlier, it's the group's investment in 2 asset management and the objective of this is to maximize the company's profit and avoid from idle cash. That's a good move to avoid to just let the cash sit comfortably inside the bank.

Glad to see that 9months EPS is 14.25 cents compared to 12.22 cents last year. Assume a full year EPS will be around 19 cents, this applies a PE of 13.15 based on RM2.5 share price. I foresee limited growth unless revenue from the oil & gas training and university segment become more certain and valid. But it's still good as the group diversify into new business.

Else way, the management did not provide any update on the 2 newly development programs Smartgreen (green IT principles) and PREC (English language training). Perhaps still in the progress on marketing.

3.5cents dividend is declared. Another quarter dividend like an income received every 3 months

@bsngpg No la .. just suddenly push up from RM3.xx until now in few weeks time. But the PE is little bit high in general but still lower if compared to Amway

Expected full year EPS for 2013 will be around 50 cents. Current PE is only around 6.5. There is still room to grow in terms of price.

unstoptable

It's normal for the funds managers to do portfolio rebalancing at quarter and year end

Wow ... RHB bank give 3.37 target price ..

any exact date?

This acquisition is smaller if compared with GW Plastics but it's a good way to further strengthen its market share.

volume is there .. prior to budge 2014

Another investment bank, Kenange initiated coverage on Scientex .. Scientex getting the attention. Good

suddenly up too much .. dividend less than 5% ady

Q4 traditionally higher for the pass 5 years .. Let's wait and see

EPS should be around 50 cts this year ... and why you want to compare with CBIP and prkcorp? All 3 companies come from different industries and their market capital are in different categories.

must rmb analyst is paid to work and write out analysis

http://www.thestar.com.my/Business/Business-News/2013/08/26/Matrix-Concepts-to-seal-KL-land-deal.aspx

Matrix buy land again

@Fockwah its profit margin quite low, ~5%. And to apply a PE ratio of 10 on a company with less than 100m market capital is unjustifiable.

Profit taking lo

revenue from university will only start realizing in the 3rd quarter. Furthermore, revenue contribution from the university very low only at this stage.

@ilman101 how you know the announcement will fall on 20/8?

slowly slowly move up

@uncleZ good to hear that, latest quarter report will be announced soon ..

@shabudin, 10 lots will get RM20.2 at which rm6.8 is taxable .. 10 lots need around RM1330, if 10 lots get around RM202, everyone here will be v rich loo

Price is fluctuating man .. always goes up, who want to be the buyer?

long term also never mind ...

good result!

quarter report should be out within this week

Hmmm, it's still under training and certification department, just the oil & gas is a new market for the group. Based on the latest annual report, first batch of students around 60 already completed the oil & gas program at the end of April 2013.

acquired fully on its oil & gas to become its wholly owned subsidiary

It's getting higher and higher ady

That day price range is around RM2

Okay. Thanks for the info.

Based on the latest quarter report, GW Plastic only contributed around RM100m revenue and Rm3.6m net profit to Scientex for one quarter. Annualized net profit contribution will be around RM15m.

bursa website

Koay, how you calculate extra RM15-20m from the new machine? Currently, GW Plastic contributed around RM15m net profit annually. If the machine able to increase the productivity by 50%, it only able to contribute extra RM7.5m.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1327805

Treasures share being sold off to market to increase share liquidity again ..