Bought Yinson 4.76

Believe in the management that they will come back up from this setback.

If Titan does 300mil-400mil in the next 2 quarters. IPO price of 6.50 is achievable. This is the best case scenario.

To make money, it's more important to understand market psychology, the prevailing bias, fundamentals aside.

No one gets poor by taking profit.

You guys enjoy the run while it lasts

Well, on hindsight, I should have buy more. That's easy to say after the fact.

I guess if I pen my thoughts down in a public forum, like Choivo did, may lead to higher conviction. Second level of skin in the game!

Anyway, i'm holding tightly to my 1.68 batch.

Despite profit taking, Harta has remained steady.

Next week onwards will be interesting as we await a slew of earnings announcement from Supermax, Careplus and Harta.

If earnings exceed expectations, I foresee massive re-rating ahead, possibly testing the previous high.

There is no other sector apart from gloves that can provides such earnings visibility in the next 2 years at least.

The prevailing bias is still in favor of gloves. We have seen a resurgence of cases worldwide and we are just about to enter the cold season. This rising second-third wave would re-accelerate the ASPs growth further.

Watch this space.

I rather look at my bet with a long term view (5 years)

The EIA predicted that, by 2025, a barrel of Brent crude oil's average price will rise to $79/b.

SKPRES is a proxy to investing in Dyson.

The company is well positioned to record explosive earnings growth this year, mainly driven by higher demand for Dyson products.

Can the demand be sustained?

2 emerging trends are in favor:

First, thanks to Covid and the resulting shift to WFH trend, has resulted in increased demand for both household and hygiene products

Also bear in mind, there is a natural replacement cycle for household appliances.

there is a healthy pipeline of new products, more innovative products to automate more household chores

Second, Covid + trade war has prompted many MNCs to diversify their supply chain and reduce reliance on China

I see this as a permanent structural change in the supply chain where more manufacturers are relocating into ASEAN

PCBA is also contributing positively, gestation period is over, which would contribute to improvement in margin in coming quarters.

I am optimistic.

I believe the market is right to be cautious. Since its listing, for whatever reasons, LCT has disappointed time and again.

On valuation, i do note its parent in Korea is also valued on P/BV basis.

Anyway, I do think LCT will benefit in 3Q20 due to the strength in the PE/PP-Naphtha spreads. Likely, the petrochemical prices may remain strong until year end, helped by the hurricane disruptions. But i'm wary of the incoming new supply, especially the anticipated big increases in China PE productions & Pengerang coming on stream.

Good thing is the demand has seen its trough. One big plus factor is the Chinese economy is recovering strongly.

Buying below net cash is a no brainer though.

Thanks for the write up, Choivo.

You seem more optimistic than i do, but good for my convictions.

Had bought a bucket at 1.68

https://klse.i3investor.com/blogs/shareseatreasure/2020-09-15-story-h1513495819-HARTALEGA_Most_Undervalued_Currently_All_research_houses_are_badly_wron.jsp

This guy is good.

Both Harta & Kossan are deep laggards.

It take years to build reputation. But it only takes one moment of foolish act to lose credibility

We have seen this cycle before.

The liquidity flush from easing monetary policies + stimulus = weakening US dollar in turn leads to commodities bull cycles including gold

First, you need to separate out which are noise and which are signals.

Whatever newsflows, be it about vaccine, windfall tax, shifting of funds to recovery play, all these are noises.

Focus on the signals, i.e. the earnings. All that matters are earnings.

Glove is one sector you can be sure to see earnings growth q-o-q. In comparison to tech, which valuation has gone off the roof in my view, gloves valuations remain reasonable, backed up by numbers, the forward earnings.

PCHEM is my largest holding. One for the long term, easily looking at 10 years down the road.

If it drops more, won't hesitate to add further.

Buy when no one wants it.

Record quarterly profit of 147.8mil

Cheers!

Why bother arguing?

I have both Supermax and Kossan

Both issuing bonus issue
Both to be included in MSCI Index
Both to be included in FBMKLCI Index
Both best quarter yet to come

RHB raised TP to 3.77

Post earnings adjustment, our TP is lifted to MYR3.77 from MYR3.46, pegged to unchanged 14x FY21F P/E. We are upbeat on this stock, as it offers strong earnings growth. This, in turn, is premised on the potential doubling of its orderbook by end-FY21, superior ROEs, and its undemanding market valuation of 10.6x

Orderbook anticipated to hit RM2bil by end 2021

Very good results

q-o-q Profit increased by 173% and NTA increased by 135%

Net cash = 77.8mil (35% of market cap)

You are right.

It's time to look at plantation counters.

The dynamics seem favourable to the industry, increased demand and uptrending CPO prices.

So far, TopGlove, Supermax and Riverstone had announced bonus issue

Harta and Kossan will follow

These 2 are laggard compare to the rest

Kossan has always been a laggard

I bought more of Supermax at 16.38 and 17.58

Anyway, i did bought back Kossan at 15.70

Since last Thursday until today morning were the perfect opportunity to collect on weakness.

And I did.


Stock: [SUPERMX]: SUPERMAX CORP BHD

Aug 18, 2020 4:17 PM | Report Abuse

Bought at 16.38 and 17.58

Cheers, guys!

Bought at 16.38 and 17.58

Cheers, guys!

Careplus announced another land acquisition

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=105767&name=EA_GA_ATTACHMENTS

The Proposed Acquisition is undertaken in line with the Group’s future and immediate expansion plans to increase its existing manufacturing capacity via Careglove, due to current strong demand, by commissioning new production lines. The Building would be demolished and reconstructed, together with a new building to be constructed on the Empty Land, will be able to house up to 15 new production lines. In addition, the Group would also benefit from the strategic location of the Property, which is neighbouring its existing production plants, which will facilitate and streamline management control, resulting in operational synergies and efficiency.

RHB raised target price to 91 sen

https://www.theedgemarkets.com/article/rhb-says-mah-sings-diversification-healthcare-products-should-pay-raises-target-price-91-sen

Sold all my positions at 19.50

Sold all my positions at 10.90

Tenaga has drop below 11. This is interesting

Another record today.

15.6bil in volume and 10.1bil in value

Average trading value for 1st half is around 3.19bil translating to EPS of 18.7sen
If can maintain throughout the year, annualised EPS of 37.4sen (PE 30x = RM11.22)

If average trading value to increase by 20% to around 3.96bil, EPS = 43sen (PE 30x = RM13)
If average trading value to increase by 40% to around 4.62bil, EPS = 50sen (PE 30x = RM15)

July has been a very good start to Q3, highest trading volume recorded on 20 July of 12.5bil. But August has started even better, we have seen 13-15bil.

Analyst have been quick to underestimate retail participation. But robust trading volume should be supported by short selling ban until year end and not forgetting, potential catalyst includes election flows and further rate cuts by the central bank.

Over the longer term, i do believe the Fed's unlimited QE to spill over to emerging markets including Malaysia, just like post GFC.

When shares are being pushed to sky high valuations.

Market does occasionally provides reality check.

No doubt, PE multiple is a function of market sentiment. It may continue to be high as long as the story remains believable but no one can predicts the tipping point in reversal of psychology.

At the end of day, share price is by and large driven by earnings. It's the earnings executed by the management that matters.

The right question to ask then, it's the implied valuation given by the market reasonable vis-a-vis the earnings growth? Take the annualised earnings of 26sen as the base, and given that management has guided a gradual increase in ASPs in the coming months, would you think Harta can double its earnings in the coming quarters?

This is sooner than expected.

Have traded TITAN twice, both on the basis of its balance sheet value.

Looking to enter for the 3rd time.

Stock: [LCTITAN]: LOTTE CHEMICAL TITAN HOLDINGS BHD

Jul 17, 2020 9:17 AM | Report Abuse

If it drops back below 2, i will buy back again

2 key catalysts that will propel the next upleg

1) Possible inclusion into FBMKLCI index component
2) Potential announcement of bonus issue

Watch this space

I'm late to discover this gem.

Bought at 1.88

Almost 20% return in less than 2 days

Stock: [CAREPLS]: CAREPLUS GROUP BHD

Jul 29, 2020 11:33 AM | Report Abuse

Managed to grab some at 3.0

Keep accumulating.

I have disposed all my holdings at 4.85

It was a good ride

Managed to grab some at 3.0

Average trading value for 1st half is around 3.19bil translating to EPS of 18.7sen
If can maintain throughout the year, annualised EPS of 37.4sen (PE 30x = RM11.22)

If average trading value to increase by 20% to around 3.96bil, EPS = 43sen (PE 30x = RM13)
If average trading value to increase by 40% to around 4.62bil, EPS = 50sen (PE 30x = RM15)

July has been a very good start to Q3, highest trading volume recorded on 20 July of 12.5bil

Robust trading volume should be supported by short selling ban until year end and potential catalyst includes election flows and further rate cuts by the central bank

Key financial highlights:

Profit After Tax and Minority Interest at RM151.0 million, increased by 62.0%
Annualised Return On Equity at 39%, increased by 18 percentage points
Basic earnings per share at 18.7 sen, increased by 7.2 sen
Operating revenue at RM320.7 million, increased by 33.6%
Operating expenses at RM127.1 million, increased by 3.7%
Cost-to-income ratio at 39%, improved by 10 percentage points
Average daily trading value for Securities Market’s on-market trades at RM3.1 billion, increased by 52.8%
Market capitalisation as at 30 June 2020 at RM1.6 trillion, decreased by 9.9%
Securities Market velocity at 50%, increased by 21 percentage points
Average daily contracts traded for Derivatives Market at 76,956 contracts, increased by 55.9%
Average daily trading value for BSAS at RM33.0 billion, increased by 2.5%

Managed to grab some at 6.93 this morning.

2Q20 results already known to be a record. Looking at the start of Q3, perhaps Q3 can be even better.

Reasonable estimates of EPS between mid 30sen to 40sen at least.

Thong Guan share price all time high was reached on 27 Feb 2017 at 4.87

1 billion market cap is within reach

why chasing high now?

only few months ago i bought KAWAN at 0.975

https://www.theedgemarkets.com/article/better-prospects-plastic-packaging-companies-economy-reopens

To achieve 1bil market cap, the share price has to reach

SCIB - RM8.13
KPOWER - RM8.85

To achieve 1bil market cap, the share price has to reach

SCIB - RM8.13
KPOWER - RM8.85

Global semiconductor sales are forecast to increase 3.3% y-o-y in 2020.

Refer to this week The Edge issue


Posted by hoh13 > Jul 20, 2020 11:45 AM | Report Abuse

Rm5bil kpower? Whr to get this, is it really?

KPOWER - renewable energy play

- RM5bil market value in 5 years
- order book of 1.2bil with target of another 2bil next year
- 9M2020 net profit 5.48mil on revenue 56.5mil. net profit margin 9.7%
- Gross margin EPCC contracts 15-18%
- Net cash 11.8mik

SCIB - Sarawak construction thematic play

- order book 1.0bil target to reach >1.5bil by year end
- anticipating strong 2H2020 earnings recognition
- leveraging on Dato Karim's established experiences and connections from Serba stronghold markets especially Middle East
- potential order wins include Qatar World Cup 2020, Indonesia - relocation of capital from Jakarta to East Kalimantan, Sarawak 2021 election - state budget allocations