i believe the disparity has to do with quality of management. MFCB management is top class. Over the years, they have demonstrated their ability create shareholder value. they are very shareholder oriented.

just check their track record over the past 10 years or so.

next weekend i'm going to Genting. just a night stay but definitely will hit the casino.

stay tune...for site visit report

Worth RM1.50 at least

EPS 40sen @ PE 12x

RM4.80

Arbitrage play?


Posted by TheContrarian > Feb 13, 2020 4:46 PM | Report Abuse

MGO definitely trigger. Bought today at 59 sen.

better protect your capital and move to a better buy in BAUTO. DY is 6-7%.

i'm queuing at 70sen. Hope it gets done.

Currently, there is an average order backlog of 7-9 years for Boeing and Airbus aircraft.

Airbus Global Market Forecast 2018-2037 report estimates that over the next 20 years, 37,390 new passenger and freight aircraft will be needed. Of these, 10850 are to replace old aircraft and the remaining 26,540 new aircraft to cater for rising demand.

the minorities have to seriously reflect why on earth they rejected 2.20

the law of mean reversion will bring it back to 1.20

Technically TA should be above 0.665 right

else TAGB holders would not swap

did i missed the boat?

the korean frenzy is back. 4 oscars win.

This is a high growth stock in an industry with high barriers of entry. Yet, it is trading at trailing PE of 13x. Not even 15x.

While market is unrealistically valuing, even smallish tech stocks at 50x PE.

You are spot on!

Indeed, it is.


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=100819&name=EA_GA_ATTACHMENTS

singh1 Interesting !! Maybe TAE will offer to buyout TAGB.
11/02/2020 10:11 PM

any corporate exercise to be announced?

thought there's risk arbitrage opportunity here

seems weird that the SCR was rejected by the minorities

or it could be an attempt to push up the share price, never an intention to privatize it

Good quarter ahead

40sen EPS is achievable

Posted by RainT > Feb 5, 2020 10:54 AM | Report Abuse

@Fabien

can share the article about MUHIBAH is inside the top 10 buy for next decade ?


What i have is the hardcopy of weekly The Edge

wow this is interesting.

Muhibbah listed in Insider Asia top 10 buy for the next decade.

what has coronavirus has to do with electricity demand in an electricity-starved country?

perhaps those who pitch for sell call has an answer?

Bought 7.68

More sell down pls.

well, you guys should know hng33 trades on small spread, few sens. he closed his position in matter of days. ignore whatever news he shared in the forum to support his case, it is a farce.

it's not as simply as vaccine developed than share price will rebound

pscyologically, people would travel less. if you take out the millions of tourist from China
surely, it will have massive impact on the economics

Check back during SARS outbreak previously and find out how it impacted Genm share price.

Dividend yield is getting close to 10%

I'll buy some when PE drops below 20x.

The potential profit to be derived is mind blowing, and with higher certainty.

Currently, the stock market is not valuing companies with strong balance sheet with net cash position. This can be contributed by the low interest rate environment. Where the excess liquidity has been deployed to highly leveraged companies with explosive earnings growth. Over the last few years, growth stocks have largely outperformed value stocks.

Having strong cash position doesn’t add value to the company’s valuation, as implied by the market.

Take Poh Huat as an example. Current PE multiple is 6x. Adjusted for net cash, PE multiple is only 4x. This is for a company that has grown its earnings by 7% in its latest financial year. However, the current PE multiple implies that Poh Huat earnings are in a decline. To put it another way, if you set a minimum target return similar to the long term market return of 10% and compared that required return against Poh Huat earnings yield of 30%, is that market valuation justifiable?

Even looking from the balance sheet perspective, it’s P/BV is only 0.9x for a company that earns ROE of 15% and ROIC of 28%. It’s cash yield is around 9% based on average FCF, almost 3 times of what you get from risk free rate.

anyone picking up a falling knive?

Gemfinder has found its ultimate gem in Evolve concept mall.

Trading calls by IBs (arrange by hurdles)

AmInvest 1.56
HLIB 1.65
RHB 1.60-1.70
Affin 1.84

Following my previous comments.

When he bought at 1.34, i'm 100% certain that his investment thesis then was not based on the performance of Evolve Concept mall.

The underperformance of the mall was nothing new. It has been largely priced in, in the past.

Rather than focusing on the investment merits, he allows the share price to dictate his action. He was too fixated at share price and allow mr.market to tell him what to do.

Price is what you pay, value is what you get. But if you are clueless of the value that you bought, the only source of value you get is from mr.market himself.



Posted by Fabien "The Efficient Capital Allocater" > Jan 20, 2020 10:04 AM | Report Abuse X

If only he has a bit more conviction, he would be "in the money" now.



Stock: [JAKS]: JAKS RESOURCES BHD
Nov 23, 2019 10:33 AM | Report Abuse

Hope for the best. I enter 1.34



But sadly, he get scared by the share price movement.

Stock: [JAKS]: JAKS RESOURCES BHD
Nov 25, 2019 12:22 PM | Report Abuse

shivering now!!!!


As the typical saying goes:
"A man who knows the price of everything and the value of nothing."

Interesting thesis by 888next

Conclusion: MGO is inevitable?

If only he has a bit more conviction, he would be "in the money" now.



Stock: [JAKS]: JAKS RESOURCES BHD
Nov 23, 2019 10:33 AM | Report Abuse

Hope for the best. I enter 1.34



But sadly, he get scared by the share price movement.

Stock: [JAKS]: JAKS RESOURCES BHD
Nov 25, 2019 12:22 PM | Report Abuse

shivering now!!!!


As the typical saying goes:
"A man who knows the price of everything and the value of nothing."

Sourgrapes, trying to spread lies here. Only making yourself look more idiotic.

"The big money is not in the buying and the selling, but in the waiting."

Learn from Charlie Munger.

SKPRES is under the radar. Creeping up nicely.

Should be looking at RM2.

still buying the FEAR and selling the GREED?


https://klse.i3investor.com/blogs/TheCatalysts/2019-12-29-story-h1481950249-BAT_The_Potential_WINDOW_DRESSING_Candidate.jsp

wow PE below 15x

The new power plant is relatively small compared to other assets.

Based on Affin's estimates, the enterprise value of the Attarat plant is 1.2bil v. Power Seraya 4bil & Wessel Water 19bil

Yes Communications losses will be a drag to overall earnings. Key risk is potential capital injection to fund for new capex.

YTLP has more downside risks. the continuing losses of YES, weak performance from Power Seraya

Bought some 2.02

funds cannot afford to be patient. they can't afford to have capital lock in for years while stock is not performing and the fund is underperforming relative to its benchmark

there is no catalyst in sight. no value creation situation to unlock the value

as a retailer, we can afford to have bit more patience. the way i see it, it's yield of 6% at 6.50 is attractive enough. my capital is not earning nothing. it's better than FD but of course one has to decide the risk reward situation relative to your appetite

my view is that the net cash of 60% should give a cushion to downside risk

take care of downside, and let upside take care by itself

even after adjusting for apparently "riskier" asset profile, ABMB capital ratios are still very healthy

at current valuation, it's a good bet to get through this "difficult period" while waiting for the earnings (normalization of its annual loan loss provision) and hence valuation multiple to normalize

Aberdeen is still selling. perhaps partly explain why the share price hardly move

actually, the company can create more value to shareholders. their net cash position is 60% of market cap

they should initiate some buy back, increase dividends or even seek acquisitions with such big hoards of cash

Outliar
Why is ABMB your biggest position besides it being dumped down to the price it is now because of impairment losses. Currently trading at 0.7x P/B but ROA comfortably less than 1% now, barely 1% at its peak, gearing ratio currently 8.8, I don't know, I don't see it being that superb? Is it purely because of the impairments which may or may not be a one off provision?


Obviously, you don't understand banking much.
Some fundamental knowledge:
1) P/B is tied to its ROE. ABMB ROE is projected around 9% v. 0.7x P/B
2) Instead of ROA, banks look at RORWA (return on risk weighted assets). Despite the lower earnings recorded in first half, ABMB RORWA is still at 1.04% (commendable)
3) Instead of gearing, to gauge the Bank's liquidity/funding and capital structure, these are the ratios to look at, as regulated by BNM

Liquidity: ABMB liquidity coverage ratio is 161.5% (way above BNM requirement of >100%)
Capital: ABMB CET1 and Total Capital ratio at 13.5% and 18.6% (way above BNM requirement of 4.5% and 8% respectively)

Say 50% discount on EV/ha based calculation, you are looking at RM1.87

bear in mind, zero value is absribed to its timber business.




Posted by Fabien "The Efficient Capital Allocater" > Jan 5, 2020 10:08 AM | Report Abuse X

Back in 2012, JTiasa was valued at an EV/ha of RM68000 (CPO around RM3300)

From JP Morgan's report, Malaysian peers average EV/ha = US25,500 (say at USDMYR 4, RM equivalent = RM102,000)

To be conservative, let's value it at RM65000 EV/ha

JTIASA planted area 69,589ha = RM4,523mil in EV

Less net debt of RM883mil

Implied market cap = RM3,640mil

FV/share = RM3.74