i actually thought Wahid did a very good job at PNB

icon wrote in his article to avoid stock with long gestation period yet himself pick WCEBHD. lol

Both Eksons and Focus Lumber are good buys.

time to add more

yep, time to revisit some furniture companies

USDMYR has been strengthening...US economy remains vibrant, Fed sounded more hawkish, funds flowing out from emeerging markets

aiks, bought too early at 8.85

Abolishing the tolls only help the urban area. Even if the govt intends to do so, you will be looking at 3-4 years down the road given our current financial predicament.

surely, u would have noticed that the likelihood of toll abolishment is highly unlikely

AGM today at 11.30am.

Hope to hear some good news.

Yup, REITS will fetch higher valuation thus unlocking value for us shareholders

abang_misai has a point there. it's really a cost-based industry...they cant pass on the cost to the end consumers.

anyone has Insider Asia report on SCGM to share?

In my opinion, Magni is fairly priced. PE of 8x is just about right.

wow...expected the results won't be good but this is quite disastrous, no?

Interesting. Bought a bit to support Calvin.

0.041 sen going ex on 27 June.

at current price, you can lock in yield of 6.17%.

qqq3 damn good la...both flbhd and sendai moves up

suddenly moved up today,
must be qqq3 effect

wow directors keep selling

mine is 4mil before i can quit my job.

wow, why the drastic drop today?

no, you should ask why someone so desperate to sell?

any good news?

suddenly up 19 sen.

30% discount seems fair

u will still get 1.50

next pivotal moment, on high probability basis, seems to point downwards la...that Trump is very itchy...

trade war is inevitable...then everyone starts currency war

This JP Morgan analyst Modi also downgraded CIMB and RHB.

Performance Metrics

* Investors who followed Modi's recommendation would have received a negative 2.8 percent return in the past year, compared with the 6.1 percent return on the shares.


Conclusion is to go against him? LOL

USDMYR to breach 4 soon, just a matter of time

Leno return is pretty impressive. Hahaha

OSK earnings are pretty consistent and they paid dividends annually with yield above 4%.

Calvin, for turnaround stock...we need u back in Texchem forum!

But i have to say need a lot of patience. Perhaps i'm lucky.

Not so much patience for FACBInd though. Hahaha...gave up on the company. Return over 3 years barely beat FD.

Oh ya, i also made decent profit on Paramount.

I think that's all i had in regards to assets play, over my 9 years of investing journey.

By the way, I also owned TA.

Oh, I owned Plenitude and Daiman 6 or 7 years ago. Liquidated my positions with decent profit. I also made good profit from Kuchai, KSeng, Goldis and PMCorp.

So assets play have been quite a success to me personally.


Posted by Jon Choivo > Jun 11, 2018 08:18 PM | Report Abuse

Id suggest you take a look at plenitude, daiman and KSL as well.

do share what you have studied. always welcome another point of view.

I think PANAMY current price is not expensive @ PE 17x. It's reasonably priced.

Sebastian Sted Power I think the author next will blow about PANAMY with titled "THE JEWEL OF THE EAST". Hahahaha..

Did u managed to buy at 99 sen?

Posted by Jon Choivo > Jun 11, 2018 12:38 PM | Report Abuse

Just queued for some at 99sen.

I can wait. Im fine with how he does business.

He has a reputation of being a very hard and unfair negotiator with other people. But it will be stupid for him to anything to his flagship company.

let's see how things pans out. i think the next few years would be interesting. with the Melbourne Square and the listing of Cable business.

FAIRnREASONABLE there seems to be a "trust deficit" with OLH. Anyway good also lah, otherwise, you and I would not be able to take advantage of buying cheap

Management also plan to monetise some of their assets

http://www.theedgemarkets.com/article/newsbreak-osk-holdings-puts-faber-towers-sale

Of all the assets, RHB is the crown jewel. OSK is an indirect proxy to owning RHB.

As everyone aware, it's just a matter of time before RHB being taken over, they failed with CIMB and more recently with AmBank.

Currently, RHB is trading at 1x BV. Historically, any takeover of banking institution has taken place around 1.4x BV.

At current price, you get the property business, investment property, construction business etc. for free.

Insas


Posted by Jon Choivo > Jun 10, 2018 07:38 PM | Report Abuse

Other than Orient and OSk, what do you have? For net asset plays?

no need to insult people. u can share ur comments OBJECTIVELY.

you can share ur thought as to why PE of 24x is undervalued. Assuming earnings are constant, PE of 24x means you will need 24 years to recoup your initial investments.

PE of 24x also means the company earnings are growing by 24%. so if the company can grow their earnings by more than 24% then PE 24 may not seems expensive or even a bargain.


SUMATECRM1 Nestle PE 52x , industry PE 40x, Aji PE 24X...
Looks like fabien and newbie has no brains...
Dont touch this share pls.. or sell me cheap cheap i sure buy
Good sharing.. next time just PM me i go buy !
Dont need to share to people who dont see true value.. haha thanks.
10/06/2018 17:49

assets play consists 25% of my portfolio

but these companies must be profitable and at least decent growth

PE of 24x and this guy is screaming UNDERVALUED. Amazing.

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.

maybe calvin and friends can make it happen? lol

thanks for the info, Patrick13

perhaps Oriental can follow the footsteps of Sime Darby by unlocking much of the hidden assets, make it leaner and at the same time increase the dividends payout, ROE etc.

but seriously, you won't find a cash generating machine elsewhere that is comparable to Oriental

possible, as their assets have not been revalued since the 1970s. if u add in the hotels as well.

Jon Choivo RNAV is closer to 20.

most of its debts are in yen to finance the plantation business. therefore appreciation of yen will have much negative impact. anyway, its FX translation losses.


tsohg why forex loss so much at plantation segment in q1 2018?