Already priced in, along with all the furniture stocks. The results is as expected.

President Donald Trump is seeking to impose tariffs of up to US$60bn (MYR234bn) on Chinese imports and will target the technology and telecommunications sectors.

Any impact?

can copy paste the article here?

The author is smart to use the FD rate of 3.35% (which is one of the lowest by the way among the banks' offer) to distort the IV calculation, disregarding the risks involved in investing in HY..the busienss risk, financial risk, earnings visibility etc. etc.

i personally would demand a higher rate of return given the higher business risk of HY

10% discount rate assuming 6% risk premium on top of 4% risk free rate seems reasonable

Assuming worst case..the deal does not take off

IWC will drop back below 1.40 and Ekovest will trade above 1.20 (that’s the price before the announcement of the deal)

If the deal will take off, Ekovest should trade close to 1.50 in order for the minority shareholders in IWC to take up the offer

I see both win win situation for Ekovest

i think u guys imagination runs too wild. Wait for the takeover completes first then talk about IWH,

Arbitrage opportunity?

Competition for traffic may come from MRT.

Robert Kuok controlled Wilmar International is now looking to list its China unit on the Shanghai Stock Exchange in the second half of 2019, eight years after the initial listing plan was first announced.

In the original plan, announced in 2009, the company had outlined plans to list the unit on either the Hong Kong Stock Exchange or Shanghai Exchange. However the idea was shelved citing market volatility at the time.

In 2009, a 30% spin-off of Wilmar's Chinese operations was estimated to create a listed entity worth between US$3bil to US$4bil.

This was on the strength of Wilmar's huge presence in China's domestic where it is the manufacturer and producer of branded pack oils, rice and flour.

Among the world's largest palm oil trader, Wilmar now says the venue for the listing will be in Shanghai and the listing is set to be completed in 2019.

It said the “legal restructuring” of its businesses in China, to create the entity that will be listed, will be completed by the end of 2017, after which, Wilmar will apply for approval from Chinese authorities in 2019.

A senior executive from the company was quoted as saying that preparations for the revived initial public offering plan was “very much on track”.

Wilmar's China operations contributes to half of the group's revenue and a significant portion of the profits.
Read more at https://www.thestar.com.my/business/business-news/2017/11/14/kuok-wilmar-pushes-china-listing-to-2019/#d1uOOu48Xy0V2Jc8.99

first hurdle, acquisition of IWC is getting nearer.

second hurdle, potential spin off of highway assets

good thing about investing is that TIME is on your side. i can wait

Wow, insiders bought few days before and sold on news. Terrible.

When the stock got beaten down, Halite was bashed left right centre.

Stock decides to shoot up and all of sudden, the proud supporters shows up. and the cycle continues again with TP dropping from the sky, RM15 seems the consensus view.

Market sentiment over property sector as a whole is weak. When the sentiment on the industry itself is weak, all counters suffer as a consequence. You need to have a lot of patience. Or else, look at other stocks with better catalyst for efficient use of your capital.

Finally, its 29 MARCH

There is a reason why Petronas has 1000 stations and Petron is half of that. Let's be real, Petron would never catch up with Petronas in terms of numbers, the gap will remains there, in Malaysia for sure.

To most people, it is the habit or i would put it a devotion to the brand. It is the usual Shell or Petronas that u get to see full crowd at any single time of the day. Not Petron station.

Any coffee lover would tell u the worst coffee u can find is Starbucks. And yet Starbucks did extremely well. U can't exactly pinpoint the growth trajectory of, say Coffee Bean or San Fran, by simply referencing to the number of outlets Starbucks have and compared to CB or SF, and conclusion made basing on the wide gap and thus assuming CB or SF has of room to grow.

The question every contributor in this thread should ask themselves. Do ur goodself is a Petron consumer? If not, then ask urself why. And for whatever reason there is, then why would u think Petron petrol station can grow further?

No doubt there is room for Petron expanding its petrol station.

Do you know why? Try ask 10 of your friends, i bet 90% of them do not pump petrol at Petron. Lol


For myself, I only pumped once in Petron in my whole life. And that because my car is out of petrol and it is the nearest to my office.

Maybank is well supported.

Where is STOCKRAIDER??

Probability??

Futureyes??

"Only when the tide goes out do you discover who's been swimming naked."

I would advise to stop promoting HY. Keep your good homework to urself. Don't mislead the others, hoping ur article can convince ppl to push up so that u can exit urself.

A GOOD FUNDAMENTAL company does not need excessive promotions. Let the market decides.

As Howard Marks said, remain invested on the basis of value and its relationship to price. Refrain from timing the markets based on predictions regarding economies, markets or psychology.

bubba gump is closing shop. F&B business is challenging...it beats me to understand why management intends to venture into this area...

At current price, Maybank P/BV is 1.55 times, neither overly expensive or cheap, probably reasonable

Stock: [TGUAN]: THONG GUAN INDUSTRIES BHD
Jan 30, 2018 11:01 AM | Report Abuse

The raw material price i tracked for Q4 up by approximately 5.84% compared to immediate Q3 (mainly due to 1 off price surge resulted from in USA), there after the resin price has gone substantially lower and back to norm. Thanks to stable natural gas price.

I think will have some minor impact to the gross profit margin. However, i also expect more contribution in term of volume from new blown lines plus 2nd unit of 33 layer nano machine with better margin in Q4.

All in, i think up coming result should not be bad..but will not be outstanding either. Expecting Revenue to record historical high. Earning should be doing ok.

Share Split in the card?

cheers!



Posted by YiStock > Nov 14, 2017 08:48 PM | Report Abuse X

The raw material price i tracked for Q3 up by approximately 3.1% comparer to previous quarter. I think will have some minor impact to the gross profit margin. However, i also expect more contribution in term of volume from new blown lines plus 2nd unit of 33 layer nano machine with better margin in Q3.

All in, i think up coming result should not be bad..but will not be outstanding either


@YiStock, was the recent Q4 margin compression within ur expectations?

anyone did a track of Insas BV against its market value over the years?

Fed's new chair Powell sounds more hawkish...if Fed to raise rates more aggresively then high chance US dollar to strengthen

hng33 always have valuable analysis on the business fundamentals.

just curious why hng33 prefer to adopt the strategy of trading in and out

how much loss u made, khuen?

Management explanation merely refer to forex which i think its inadequate

Lower profit before tax for the current quarter was mainly due to the reduction of gross profit margin in plastic products
due to the lower selling price of USD sales when translated to MYR as a result of the depreciation of the USD against MYR
during the current quarter.

@riskabsorber

My mentioned PBT margin is merely for Plastic and petroleum products.

PBT margin for its plastic business drop from 10% to a mere 2.4%. Is the strengthening of MYR contributed to such big impact?

Marche restaurant did not do well last time at the Curve. restaurant business is challenging..just look at tim ho wan etc.

PBT margin for its plastic business drop from 10% to a mere 2.4%. Is the strengthening of MYR contributed to such big impact?

CEO should do less interview, not overpromise and not build sky market expectation and instead should focus in driving margin improvements, profitability and let the results speak for itself.

Am dumbfounded by 4Q result. Disappointed is an understatement.

waiting for Wilmar to list its China business....can't wait for bumper DIVIDEND

market is pricing in a good quarterly result...hope earnings do not disappoint. but i think Q1FY18 would be more important as we would know the impact of MFRS9

When their Printed Circuit Board Assembly business starts to show higher contributions then that can be the next growth driver.

RHB

Valuation becomes compelling. We make no major changes to our earnings forecasts post-3QFY18 results. Our DCF-derived TP is
maintained at MYR2.17, which implies a 15.5x P/E FY19F. That represents a discount from the implied FY19F P/E of 18x for VS
Industry (VSI MK, BUY, TP: MYR3.58), which has a more sizeable market capitalisation and diversified customer base. SKP’s recent
share price correction has presented an opportunity for investors to accumulate the stock at a more reasonable valuation with the
stock now trading at 13.5x P/E FY19F (below +0.5 SD over 5-year mean). Upgrade to BUY. Risks to our recommendation include
lower-than-expected new orders and a delay in the new production line rollout.

TA and Insas both qualify as assets play and also earnings play. Bargain value emerges P/E wise or P/BV.

calvin,

consider writing one article on Texchem?

Calvin,

There are plenty of missing points here....
For example
1) Sale of Little Bay Cove in Sydney
2) Landbank opposite KLCC (BV of 716/sq ft v. MV of above 3500/sq ft)
3) Bukit Bintang land (BV of 682/sq ft)
4) Hotel portfolio
i) Radisson Plaza, Sydney (5 star)
ii) Westin, Melbourne (5 star)
iii) Aava Whistler, Canada (4 star)
iv) Swissotel, Singapore (4 star)
v) Swissotel, Kushan, China (5 star)
vi) Movenpick, Phuket (5 star)
5) Trump tower

drop below 2, i'll start to collect

paperplane, i believe the spin off listing of its highways will be the MAJOR CATALYST to unlock the value

i have accumulated enough of Ekovest. Let's ride together now.

calvin...why do u have to promote in i3????

i have not finished collecting....shhhhhhhhh

why argue so much when u can have a better power exposure in MFCB.

the plant will commercialise in 2020. u have the Laos government support. there is much needed demand for household electricity there

MFCB is stand to enjoy a steady stream of stable income/ cashflows over the 25 years concession

EV/EBIT less than 7x for a growth stock. upside potential is there

managed to grab some at 1.74