Good results. nice. topline still growing quarter on quarter

Good job ibhd

YTL are institutional play. so that means -> be friendly with folk in EPF, khazanah for directional swings. posturing wise, govenment has been slowly moving away of this company due to political pressure.

Question is whether YTL is truly a global conglomerate and can make up the short fall from global deals

It's only Tuesday. Good momentum and volume to lead into Thurs before profit taking kicks in.

It should have risen yesterday. So odd with the delay. Investment houses getting lazy.

NOT saying there will be a rights issuance.

Just mentioning that have seen manouvres which will pocket major shareholder proxies handsomely.

And yes. Timing is less than practical given stock price is so low.

BUT...

Their cash position is low. And CEO is overpaid. And with overpaid folks they tend to get 'ideas' like I need more money to BUY/takeover something to grow my business from investment bankers and consultants...

AI lIn's background is from channels relationship. The CMO stint is kinda short with Prudential. And IMHO don't see anything news. Like zero impact.

So to some degree probably says not much operations background. So can't fixed inherent problems in marketing and ops. So a strong warchest could be used to acquire parties that she has worked with while managing the channels or setup some form of incentive schemes to direct otherwise open-ended channels to sell more Tune.

And if you understand insurance you'd know that to increase top line you need the channels.

And with a degree in banking and finance she would have peers in high places whispering...that while stocks may be decimated; Once the numbers come in they will recover. Plus the acquisition will burn a good 2 years into CEO stint.
Looks good in resume

Sorry. Didn't get to the conclusion
A) cut CEO salary. The business is too easy and the entity is spoonfed by AirAsia.
B) fire all those people they call digital officers. Waste money fly here and there see Google and Amazon but still can't transform an essentially online business but just drive cost base up.
C) may need to replace the chief investment officer.
D) move out of the fancy office near KL sentral and go back to good old startup days.

Then cost base will be better and net profit will be better.

From valuation standpoint although NTA is approx 70 cents But given EPS is approx 6 to 7 cents so the market in general tends to follow EPS. Especially at stock price of Rm1.
So I think the price is very attractive.
---
Were from the outside so can't tell what's happening in the inside.

Am not saying they are but have seen incidents where folks are selling cause potentially there's gonna be a right issuance coming to increase the low cash base.

Then pickup once stabilized. So try to look at the volume in your indicators after rights. Especially when it's relatively high.

If that's the case that's when dividend will be announced and price will go up. Easy money for major shareholders.

well, 31-mar-2017 results are pretty ok, the indicator that am looking at is insurance receivables.
as that shows how much more money theyre making from direct insurance busniess versus other stuff. and compared to same period last year, thvey manage to maintain better ratio versus their Insurance liabilities.

Meaning, theyre charging and earning more with lower sum assured that needs to be paid out. Which is a really good thing. topline is plateuing so while insurance business si doing well, other earningds are not. e.g. reinsurance earnings, and investments. also the cost base is higher which eats into their net earnings.

Compared against the last few quarters though their cash position seems to have gone down. and management fee as well as commissions have gone up. Also

I mean from 30+mil to 8+ mil.

he opt out options has always been there. so i don;t think it's a big factor.

At RM1.00 it's lower then release price.

EPS roughly at 12mil net income / 750mil shares =~ 1.6cents per share per quarter

so roughly they'd end the Financial year with about 5-7 cents per share.
keeping some spare change and keeping some investors happy, perhaps 3-4 cents per share dividend for this financial year. assuming trajectory stays equal.
i miss the days where they were crazy lean and mean in some dingy office near leboh ampang.
crazy easy money.

No. the topline dropped from RM127mil to RM47mil.
Basically not that many new projects. And being very careful given softer and overcrowded market.

I checked out Aesthetica yesterday. 500+ units. Average 550-600per/sq feet at average 1000 sqfeet per unit. Staggered releases with only Block A for now and also to ensure unpopular floors are sold first before releasing higher floors and upper floors.

Roughly within expectations from the growth.
Based on trajectory the revenue numbers will be pretty soft this year.

So roughly GDV of RM300mil for Aesthetica. And since only block A this year. Only Rm100-125mil potential upside for this project for 2017 given that we only have 9 months to go for their financial year. Assuming Meritus residensi also another 100-125mil. we'll probably end the year with top line of only ~RM200-250mil (increase it abit) by the end of financial year. at probably 15-18% operating margin or about 30mil.

perhaps give out 2-3 cents dividend maximum or another bonus issue as it's only 352 million shares. quite small.

Guestimating the overall revenue for this financial year will be probably.


share price wise. it's definitely a discount from a valuation standpoint given their asset base.

they're stilling on a pile of cash and inventory/landbank at 90 cents.
if am a larger company i'd buy it. seems like a good discount from a valuation standpoint.

market cap only RM300mil.

oh that means the 1.88 cents dividends are approved. not much but atleast there's a 3% at current price of 61 cents.

@richboy oversold yes. But it's rather cyclical on profit taking.
Rough guestimate the last time this happen; it should go on a roughly Rm2.0 to rm2.3 trading band before popping again.

and if the numbers still solid moving forward it'll still be a good dividend stock.
The NTA is still rather low becoz of the dividend policy.

And seriously between you and me; i don't find Padini concept store particularly happening. The materials are rather poor but on the plus side they're cheap.

Secondly, the products placements are fairly messy. (i.e. a concept); u walk abit; guy's stuff; then somemore female stuff..

Need more fundamentals about what's going on in padini. any news?

did some digging and found tha those lawsuits have been going on forever. the codes for the sivil no: tells u when it was filed. surprised it hasn't been closed yet to warrant a material litigation report/

The plantation works are suing FGV for apparently defrauding them during the weighing. should be easily closed when they just get paid off. super weird to allow drag on so long

noticed that every q4. lotsa profit taking. and also Trump will be president. expect TPPA dead on water so maybe all those FGV exports numbers will be impacted.

Anyone know why there's few thousand ppl suing FGV? broken up into multiple lawsuits. each of these jokers are leading like 500-700 ppl

looks like this year all the bullets on ytlpower instead of ytl. profit taking so early .

Am buying in cause they have historically been strategic in launches and weigh in earnings to dividends. I also like this strategy as a precaution given how soft the market it.

That's on top of that launching or soon to be very strategic unit in front of mines.
so if economy gos well will sit on a bunch of dividend shares

insider trader sold first on rights issuance. yes. 10c by end of the week

lol. mbsb to go up gott wait for impairment to complete. looking at cost cutting measures in gomen. prolly later. Unless that 2b more valuecap injectuion comes in end of the year to prop up market changes focus from FGV to MBSB.

but looking at how 2018 is election year, potentially target is to push FGV back close to listing price. (Just speculative guessing)

watch for major bankruptcies or companies that has loans with Maybank going for regularization and delisting. if the oil price stays sub USD50 more will come.

the management also super sneaky. in order to make their books look good. every monday or fridasy they will purposely buy just 10 shares. the bare minimum at the highest price of the day. Usually during closing, such that the ratios look nicer for the annual report.

despite losing money they still wanna offer dividends. Usually this behaviour is ver prevalent with
a) Old managemnet
b) stingy and people with zero vision
c) do not trust developing talent
d) already made enough thta they wanna milk the cow.
e) risk averse

hit near Tangible book value per share of 6.50 perhaps?

holy cow 0.61 already! the question is when will it climax!

pretty good dividend counter despite changing policies to once a year. been buying on weakness and looking forward to the next dividend release. value investing is indeed the key, especially for shares with consistent dividend payouts.

Q3 dividend time again as we enter Q3. And from the looks of it, the company has expanded with a ton of top heavy General Managers. Question is whether they're delivering value or just occupying space.

Does the company need a mobility General Manager?
What's the difference between Service Delivery vs Systems Engineering?
There's a CFO but also a General Manager of Finance?

There's Technical Presales General Manager vs Products, Solutions & Business Development vs Telecommunication Solutions and a CIO?

Looks like company haven't sorted out how to become a technology delivery organization at this juncture and compete with the indian players.

Almost 3 percent at current prices

Suspension but no news

too many new projects to buang so soon. still progressing. plus the company has hinted on the dividends... but quantum am not so sure

zafrul is smart, but his track record isn't actually fantastic. essentially he's a deal maker and follows through on deals. which works well in sourcing for funds in the investment world for listing. u can check with folks in tune money, kenanga investment and maybank investment. he's not a make the company a better operating beast which CIMB sorely needs.

Especially with poor showings from indonesia and thailand investments recently. Largely due to market forces, but when external factors are poor the ship needs to be in tip top shape to weather the storm.

when the economy is gangbusters naturally u can put any joker up there and they'll do ok.
With CIMB, i'd prefer Nazir to still be in charge, which I hope being a chairman he can extend his reach.

Coz honestly, unless Zafrul hires a strong no.2 CIMB is not gonna do very well despite the number of deals he can swing.

wonder what all the analyts are smoking. targetting RM2.X that's like a 1-2 year horizon!

Tp3...? That's gonna be very far in the future.

EPF is buying CIMB now but yet it is being hammered down. comparing the two EPF should support MBSB cause of the smaller volume and better dividend returns. Not to mention supported by gomen loans.

unless EPF knows something we don't and the exclusive deal is ending.

play the 3% bounce between 0.99 and 1.03 ?

awesome Q1/15 result. below NTA. keeping all my shares for now.

Darn weird logic la you guys.either way the price will go down la. It needs to be averaged out.

Oddly folks buying at 1.7. Price too far below nta? Needs to be raised for rights issue izzit?

anyone did analysis on the new issuance of shares? seems like a shit load of shares that will be dumped causing dilution.

yeah. been holding mbsb for a long time. everytime low collect. dividend yield throughout history pretty awesome.

consistent slow and steady dividend giver. folks are anticipating that Q1 numbers will be better due to pre-GST shopping. but i think the impact will jsut be marginal. how much clothes can u buy anyway.
Just keeping it for another yaer for the dividends.. my zzz counter.

still waiting for the dividend announcement. zzzz

am I right to say we're half way there? there's about 750mil shares now. the ICULS will bump it up to 1.4bil shares?

NTA is 1.4 but since they tend to give out dividends as it is a highly bumi rent seeking organization the prices should hover above NTA "PROVIDED"

1) they still make money.
2) the share holdings have not been cornered (which can happen at lower prices)

once several "millionaire/billionaire" jelmaan takes loan (at heavily discounted interest) and wallop the shares through proxies, the individuals will just sit on the shares, take in dividends and go into semi retirement mode.

Liquidity will drop rapidly as well as the volatility of the shares. it may gradually go up slowly if the business performance is good but dun expect 10-20% jump in a week kinda thing with good liquidity.

Yeah. Usually with strong momentum downwards I wait for rsi to hit at least 20. Don't celebrate until second half of day. Cause on the way down there's usually dead fish flopping. If you time then you can hope to time the flop of the spread is large enough. But it's risky trading behaviour.

gotta look at it as a group. question is whether airasia-x can perform and after firing the gwailou CFO will perform better in forex and fuel hedging. with the crash in indonesia volume is bound to go down a bit.

but in general brent should be about USD65 this year. so still good prices for operating an airline but ive decided to quit investing in airlines cause the risk is higher compared to other industries.

Around 2 is about right. Commodity prices on recovery mode. And if can maintain 10 cents dividend per year it is already better than FD. All depends on klse too. If market goes south after GST next month overall bear will pull this below 2

long candlestick is not as bad as a big gap between two red candlesticks... lol

I lowest point was 2.09 which i collected some. Sold some at 2.90 then bought back again 2.85 before aselling all yest at 2.91. Now waiting for it to panic sell. Bought back one trench at 2.60 against my better judgement to collect back at 15‰ drop or abt 2.5X. Expecting to fall to about 2.1 until q1eresults come out. And or better palm and rubber commodity prices

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/26E8D7DB15E3A89B48257DF600330C50/$File/FGVH_4Q2014_24.2.15.pdf then read directly the report from FGV.

told ya. net profit drop almost 50% , only 4 cents dividend. may as well sell off and put money on MBSB 12 cents dividend at 2.20. let FGV nose dive to about 2.1X then buy back.