assuming zero growth in FCF, you get RM1.88 by paying 10x of its latest financial FCF

assuming zero growth in earnings, you (surprisingly) still get RM1.88 by paying 8.5x (Ben Graham formula) of its latest TTM earnings

and above are very conservative estimates

good results. exceeded my expectations.

continue to hold.

good results.
BV increased to 10.57

as usual, market continues to ignore Orient

exactly, more people getting out.

that's when i'm coming in. hahaha

considering to add more

management has plans to monetize its assets

highway REIT
and now,

For the property segment, Lim said Ekovest’s latest mixed project — EkoCheras — will provide positive contributions to the company going forward. Th e project was launched in 2013 and comprises three residential blocks, one offi ce tower, one hotel and a shopping mall.
Lim said the mall has been well received since its soft opening in September this year, and that
Ekovest expects it to provide a recurring income stream to the group in the future. To date, the
mall has a committed occupancy rate of 85%.
Going forward, Lim said Ekovest is looking into setting up a real estate investment trust in
three to four years once “we think [the shopping mall] is fully tenanted”. “Th e potential revenue coming from the rental of the shopping mall — that is a very good future business for Ekovest,” Lim said.

wah...cheap sales...

Latest NTA 2.34
P/BV 0.37x

being conservative, in theory, the IV should reflect its net assets valuation. but given the bad sentiment, current market cycle, and weak liquidity, 30%-40% discount seems reasonable.

even at 50% discount, u still get 1.17.

market cap is 1.27bil against potential GDV of 46.6bil

plenty of MOS for any "unforced errors", if u willing to take position la...

at current price, carlsberg is overpriced la...

wah....such unexpected results.

those quarter predictions totally out...lol

chicken king...moneysifu....

you, the new fortune teller? price will go up 10.50pm onot?


Posted by Outliar > Nov 26, 2018 10:20 PM | Report Abuse

Yup, tomorrow at 9.00 - 9.27 price will go up, after that until 11.40 will go down, then go up until 3.17 then stay the same until 4.45, then will sharebuyback up again until closing

Jon, noticed u kept asking ppl to put money in FD and China index.

what's ur intention, really? lol..

yes, read it for fun.

i'm hopeful one day, LCTitan get enlisted in the index component.

http://tefd.theedgemarkets.com/2018/TEP/20181126cl51li.pdf


Just an opinion by the Edge Daily.

U can refer to the article "Bursa an attractive hunting ground for privatisation".

Today The Edge mentioned LCTitan as potential privatization.

Analyst target price is always 12 months forward extrapolating recent earnings into the future.

On other hand, the company's intrinsic value rarely change much due to one or two quarters of earnings. Having said that, taking into current market cycle or risk/volatility, you should demand a higher market risk premium in your assumptions to derive the IV.


Alex™ Ask yourself la.... What kind of analyst is this... Overnight qr then fundamental revised from rm18 to rm10? Like that I also know how to be analyst... All horse cannon
24/11/2018 09:14

overconfident or self denial?


Posted by hstha > Nov 23, 2018 12:31 AM | Report Abuse

I don't think it will drop much.The bad QR has been already priced in. That's why the stock price plunged before.

lol...u guys r real entertainers. entertain me during night before i go to sleep.

stock price will go up bcoz of capex...new PPE

laugh die me...

you own the market ah??? so geng, can predict the movement in such detail. so night time will up or down ah????


dalpinia Tomorrow will up may be early morning will drop a bit then noon will up
22/11/2018 19:04

Just hold la...

why went up so much?!!

i haven't buy enough!!!

this guy write up sometimes negative sometimes positive depending on the mood. more volatile than woman period.

if i remember correctly, sensitivity analysis done by RHB points out to positive correlation between Petron earnings and crude oil. crude oil down will affect earnings negatively.

correct me if im wrong.

hope market rerating downwards so i can get it at decent valuation

Teoseng and LTKM reported excellent results.

let's wait on LayHong, bias towards optimism & upsides. lol

Looking back at my previous comments. When FLBHD drops to c.RM1, that was the best chance to buy.


Stock: [FLBHD]: FOCUS LUMBER BHD
May 22, 2018 08:41 PM | Report Abuse

Value trap?

Depending on how u see it.
I see it as Share price of RM1. Net cash per share is 96 sen.
Basically you pay nothing for the business.


Stock: [FLBHD]: FOCUS LUMBER BHD
Jun 10, 2018 01:31 PM | Report Abuse

FLBHD net cash position amounts to 96 sen per share

stripping out the net cash, PE ratio (ex cash) is 1.94 times. Which means you will earn back your initial investment within 2 years at current price.

that's achievable even in the worst case scenario assuming FLBHD only manage to earn 6 sen EPS for the next 2 years.

Price = 1.08
Net cash =0.96
Ex cash = 1.08 - 0.96 = 0.12sen

Anything above 6 sen EPS is a gain to investors.

Actually, buying at current price is already a gain to investors because FLBHD pays 6 sen dividend annually. Any earnings recorded are a bonus.


Stock: [FLBHD]: FOCUS LUMBER BHD
Nov 12, 2018 03:49 PM | Report Abuse

Just trying to gauge a rough estimate of value (syiok sendiri calculation)

Latest net cash position is 88.58mil
5 year average FCF is 15.10mil

Assuming u want to acquire FLBHD now, what is the prospective price
case 1: multiple of 10x its 5 yr average FCF, that will amount to 151.04mil
Total value including net cash = 239.62mil (2.28 per share)

case 2: multiply of 10x its latest reported FCF (10.86mil), that will amount to 108.62mil
Total value including net cash = 197.2mil (1.88 per share)

u will get a range of 1.88 to 2.28 with zero assumption implied for its future FCF growth

any thoughts on the land sales?

China holds more than 1 trillion US treasuries. This is their triumph card.

Just trying to gauge a rough estimate of value (syiok sendiri calculation)

Latest net cash position is 88.58mil
5 year average FCF is 15.10mil

Assuming u want to acquire FLBHD now, what is the prospective price
case 1: multiple of 10x its 5 yr average FCF, that will amount to 151.04mil
Total value including net cash = 239.62mil (2.28 per share)

case 2: multiply of 10x its latest reported FCF (10.86mil), that will amount to 108.62mil
Total value including net cash = 197.2mil (1.88 per share)

u will get a range of 1.88 to 2.28 with zero assumption implied for its future FCF growth

Astro?

Good DY at current price.

petdag is pure retail player, like a consumer staples.

there's a good element of goodwill (bcoz of its moat) factored in its valuation multiples

if you look at its capitalisation per hectare, SOP is cheap. but not very cheap yet. can monitor..

Trop is at 70% discount to BV. Cheapness defined...lol

If u assumed that the market is pricing it right.


Posted by sheldon > Nov 7, 2018 11:37 AM | Report Abuse

petdag PE is about 17+; petron PE is about 4+.Something's seriously wrong. Maybe we're missing out something.

Ben Graham or Peter Lynh would have love Oriental.

nope, i bought AirAsia instead.

Posted by Outliar > Oct 31, 2018 06:41 PM | Report Abuse

What do you mean also, Fabien you dont have TunePro

had a quick glance on the quarterly report, i think the results are ok.

this author mood swings aligned with the share price movement. when price is down his write up will reflects the company badly and vice versa. classic example of mr.market influencing his emotions, thinking process and decisions.

wow Jon, u also bought Tune Protect. interesting...

chill la guys, why so worked out over share price?

take some time off and read good articles, like below...


http://aswathdamodaran.blogspot.com/2018/10/an-october-surprise-making-sense-of.html

Look at operating profit instead of PAT.

either you got no brain or ur brain is severely limited.

is investing that easy ar??? take one quarter earnings and annualised for full year.

and why PE 10x? because ur stupidty tells u so???

Lukesharewalker annualised eps 1.2 cents even pe 10 worth 12 cents only...reason for disposal?
25/10/2018 14:16

this counter is very steady

steady. times like these calls for flight to QUALITY

its in watchlist now.

if im not mistaken, i read that ur target price is above RM1?

Posted by moneySIFU > Oct 22, 2018 03:59 PM | Report Abuse

AlanNga, to be honest with you, I made profit from the previous increase in Lay Hong Price when it reached 70 cents.

any chance of KFima getting back the contract won by Datasonic?

if it drops below 40 sen things may get interesting. risk reward favours me..

wow what is the reason for the continuing selldown?

both kesm and layhong

what about Nestle? lol