ft, I use simple FA for stock selection & TA to fine tune my timing in buying & selling.

smartguy, Maybank gave a TP of 87 sens on 6/1/2014

mhchai, I agree with ft, 55 sens is a very strong support level

It was a bad business decision. The management learned the lesson well.

The recent performance and dividend are commendable.

Better catch it early

Sorry FT, don't believe in Scheme Cepat Kaya. If the price goes up too fast, I do take trading profit but I believe in building a strong portfolio of investment.

Leverage with share fanancing? Yes. As long as you can serve the interest and don't get yourself 'Game Over'

To me, Buy low & sell high along the trendline & exit if price > fundamental value is the safest bet. But still a BET

Read Tan KW article and I agree that the PE is high.

Improving the profit margin alone is not enough. They have to raise the earning by increasing turnover. This is exactly what they planned to do by having the 3rd factory.

They paid out all the earning in dividend because there were no better use of the money in hand. This resulted in high ROE and dividend yield. The shareholders like it and willing to pay a premium for the share resulting in high PE.

They plan to borrow prudently and confident that future incomes will be higher than the on going low interest rate. Nothing wrong with it!

If they decided to have a lower dividen pay-out rate, so be it! The short term pain will only argue well for the long term.

What else can we ask for from the management? I am going to take a joylly ride on this air-cont coach well into the future. Ha ha ha Zzzzzzzzz.....

This is very similar to Superlon but a much more proven Horse

Yes Wishing all a prosperous year of Horse.

Sorry, I am experiencing very bad line in my office, so the delay.

I am not closing my book for holidays. Never shun your door on the 'GOD of Prosperity' LoL.

I am still buying superlon & Wellcall today

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1526225

Superlon announced its 1st interim dividend

I feel this stock has started to turn around and is heading north now

Good article by Tan KW, Firebird2. The share price has dropped quite a bit from RM4. 67 sens and > 15%. The question is "Is it time to pick up the falling knife?".

Maybe it is not quite laying on the floor, I see this as a golden opportunity to buy as it is not a case of deteriorating in fundamental value. In fact, the weakening Ringgit & rubber prices still pose as a very strong tail wind to boost its earning.

I am accumulating more at current level, Ipoh boys have BIG heart and appetite. Lol

honeydream, hang on there. Don't worry, it will soon get back to the level where it belongs. Next months? AGM, EGM and next Q results & dividend?

Thank again Firebird2, I think we all share the same philosophy of investing. Perhaps the only difference is stock selection in some instance. As long as we play within ourself and level of competence. We are OK!

Thanks Firebird2

Hi Firebird2, can you please post TanKW article here. Thanks

Modrian is a big factor. It was quite amazing how they manage to accumulate so many shares. If they put a higher valuation to the stock, the price will go up and stay high.

At this juncture, I am happy to collect 5 sens (2 sens after split) dividend a quarter until the 3rd factory is up & sunning. I am confident that they can do it at ease.

It is a pity that no more selling below 3.55.

firebird2, we are on the same page

I am gald I receive such prompt support from 2 sifu.

If you beleive the share still on its uptrend then now is a wonderful time to buy.

For this wonderful counter, we are paid well in dividend to wait for its expansion plan to bring us to a higher earning platform.

Good to talk to you again firebird. 1 or 2 NVM Lol

Alex Lu posted this

http://klse.i3investor.com/blogs/nexttrade/45115.jsp

I cannot agree with him. In fact, I think now is the last chance to get in before it take off to a much higher level.

http://klse.i3investor.com/blogs/kianweiaritcles/44252.jsp

TP : 80 sens

Interestingly, this article mention Lim Chai Beng, Major shareholder of CBIP (another of my favorite counter). I understand that Jessica & CB LIm are close business assocaite.

I am more interested in quality shareholder like Kirby International Private LTD which rank 8th in the Top 30 shreholders list of superlon

Firebird, yes superlon has taken off sooner than what I would like. I was buying at 52.5 on 31/12.

Look like a GAP start today

Firebird, I don't hv oldtown. I like the fundamental and its businness model but I don't invest in very young company and still skeptical about its management. Perhaps, they can prove me wrong later.

pillay15, not all biscuitcompany are good. Stay clear from London.

Investing in consumer product counter is a good way to beat inflation!

By nature, I am a very lazy person. I stay put in Ipoh most of the time but I make it a point to attend all the AGM of my investment if possible.

Sorry, Pwroot & Johotin not in my watch list. I can only handle < 15 counters

Firebird, Thanks. I attended Hup Seng AGM in Johore last year (2013). My observatioon is they are very good in production by lacking in marketing. Slow but solid growth.

I will be in Melbourne at that time. I bought Hupseng some time ago. It ia a good 'buy & forget' counter. The price just up too fast for my to buy more

Firebird, Great to see you here. Unfortunately, I think I have to miss Wellcall AGM in February.

Number 4, Yes

Firebird, so secret Meh? You see me too high. Ha ha

I jusy bought because their core business is good and they have exited the loss making steel pipes venture. Earnings will return to a more satisfactory level. Only thing I am not sure is their dividen pay-out policy

Firebird, can you tell me more on Superlon?

No hoarding. Only piles of sand and boundary (red) pegs on the ground. Agree, I will also start construction works after CNY. However, they still can complete the necessary piling b4 CNY. I understand that they already working on the factory layout and purchase of machinery way back in March.

Firebird, I attended the last 2 AGMs as well. Didn't notice any fireworks, can't recognise you. Just joking....

I agree that they are modest, hard working and down to earth businessmen. I do have a lot of condident on them.

? are you expecting something new? How can they have more goodies ?

Thanks Number4, I shall let you know when I see any commencement of construction works.

Yes Firebird, it is delayed. Their original plan is to complete inJuly 2014. I guess nothing will roll out of factory 3 in 2014.Maybe 2nd half of FY2015.

How are they going to cope with the higher production capacity (70%?)?

We can only sit and look pretty with the handsome dividends (5 to 6 more Q) before it is unveiled.

Firebird, yes, I live in Ipoh. No piling work on site. The imported sand I guess is for filling the pond at the back portion of the land.

I like Tomypak - solid business & earning. Very generous in dividend. 4 time a year like Wellcall

Any comments?

ipomember, I like Tomypak - solid business & earning. Very generous in dividend. Any comments?

I remember the management has indicated that the production line does not consume a lot of electricity.

After the split, 10 sens a year => 2.5sens per quarter is 0.5 sens more than what we are getting now. It will make me very very happy.

I went to check the site last week and pity that no work has started. They were only piling up the sand for more filling? We will not see any contribution from the new factory in FY14.

However, it is not bad being paid well (>5.5%) while waiting.

yuanomiyuki, welcome to the club

Firebird, you are good. I am in superlon

Mondrian buying is one big factor.

High US$ & Low rubber prices --> good quarterly earnings & dividend

Phase 3 expansion argue well for growth.

Shares split is a Bonus.

It has everything going at the moment.

Let's enjoy the ride.

http://klse.i3investor.com/blogs/kenangaresearch/43811.jsp

Well, I know Kenanga was selling lately but I do feel confident about its mid & long term prospect.

ipomember, I am a great fan of Wellcall. It has treated me well.

Pintaras is the only construction counter in my portfolio.

They are the top two in my portfolio. I am selling down on Pantech after 2 years of good run.

Are they in your portfolio?

I agree that this stock is not a 'Rocket'.

I am trying to build a solid portfolio of steady growth and yield stocks. This counter is a good choice.

aunloke, I am glad you are keeping faith with the stock.

whkwoon, Will you buy the stock, if EPS continue to maintain about 12sens for the next 2 years and dividend growing steadily, say 4-4.5 FY14 4.5-5 FY15............????

whkwoon, the prospect of YOCB looks good for the next 2 years.

Ipomember, is the earning or growth sustainable? A good question to ask but we can only guess at this juncture.

I hope the hotel clients will provide some stable revenue but the management only indicate that they account for 8% of the revenue.

My take is I hope the market will give the stock a more reasonable valuation in the near future. i.e. PE 8 TP > 1.20. consistance dividend growth. 4-4.5 sens for FY14.

Where is our economy heading? fingers crossed!

I feel that Quality of Management is very important. Their attitude, mindset and vision are what driving the company forward.I make it a point to attend AGM & Chat with them whenever possible.

In the case of YOCB, the four brothers are having major controlling stake in the company. They have the experience and are hard working. Above all, they have the shreholders' value in mind.

They are down to earth people and I am happy with their achievable target of 10-15% growth for FY2014.

Honestly speaking, I don't pay much attention to cash flow management as long as they are within reasonable boundaries. If I have confident with the management, I feel that they are the best person to be in charge of that.

Let us concentrate o finding the right stock that possess a good business and provide us with the best possible shareholders' value.

Earnings Summary
FYE 31 Dec (RMmn) FY12 FY13 FY14F FY15F FY16F
Revenue 153.9 178.6 205.4 230.0 264.6
EBITDA 27.0 31.6 36.1 40.8 46.9
EBITDA margin (%) 17.5 17.7 17.6 17.7 17.7
Pretax profit 23.5 27.7 31.7 35.8 41.2
Net profit 17.3 20.5 23.4 26.5 30.5
EPS (sen) 10.8 12.8 14.6 16.5 19.1
EPS Growth (%) (5.6) 18.2 14.5 13.0 15.3
PER (x) 8.4 7.1 6.2 5.5 4.8
GDPS (sen) 3.5 4.0 4.5 5.0 6.0
Div Yield (%) 3.8 4.4 4.9 5.5 6.6
ROE (%) 14.7 15.5 15.9 16.1 16.5

"YOCB derives most of their revenue from all these premier stores rather than from its own outlets or instituition"

We have a chance to talk to the directors after the AGM, the MD was very happy that they are already making 'good' profit from the 16 Home's Harmony outlets and intend to open up more. If you look under section 30 page 81 in the 2013 annual report, the column under "Retailing" is the performance of Home's Harmony. RM27,013,000 RM2,748,000 in revenue and profit repestively.
It is significant increase from 2012 and I would agree with Mr. Chew that it is 'satisfactory'

The other regret I have is we cannot agree on the "earning quality of YOCB".

My simple mind tells me that YOCB will be able to maintain its earning in FY2014 and the TA forecast of FY14 EPS of 14.6 sens is a bonus to me.

At yesterday closed price of 95.5. the PE is 7.55(EPS 12.65) or 6.54 (EPS 14.6). This is attractive to me.

ipomember,are you from Ipoh? or IPO --> Initial Public Offer?

Well said on negative cash flow & FCF which I don't want to repeat

Let me address your concern whether YOCB has a 'FRANCHISE' by hightlighting the following in TA report.

"among its clients in the hospitality-based segment include leading
global hospitality companies like Hilton, Ritz-Carlton, JW Marriott, Westin,
Renaissance, Parkroyal, Eastin and Mandarin Oriental.
Backed by almost 5 decades of hands on experience in the industry, YOCB has
built up its reputation for its quality and brands. It is a market leader among
about 20 local players in the industry, commanding more than 30% of the local
market share.
Over the years, YOCB has won numerous awards and recognition, especially
from its consignees for quality excellence and outstanding sales performance,
as shown in Appendix Exhibit 7."

It was my major concern as well before I decided to buy and willing to hold for long term

faberlicious, everyone have their own opinion. Time will tell!

There is no question about YOCB being a gem. It is in consolidation phase now. I can see that they are going to chalk up good next 2 Q results due to the coming festive session. I beleive they have more leg in it. Buy on weakness

AT PE : 8

brendonyeap, TA - TP : 1.24

Hi rookie8833 TA research is very comprehensive. I have it in pdf format but I don't know how to post it here. I attended YOCB AGM and visited Home's Harmony in Publika also yesterday.

TA securities recommend YOCB TP : 1.24 today

Hi aunloke, I need sifu like u to point us in the right direction although I did a lot of homework after that. It sure looks like the best found of the year for me. Thanks again! Let 's enjoy the ride now

maggitan, YES, the counter will only Ex-dividend on 2/1/2014