Fed to taper their Balance Sheet next month. The expectation for the coming hike in interest rate is either in Nov or Dec. Based on FOMC minutes, Fed seems more hawkish. Expect USD to strengthen.

its normal for market to make such correction after the disappointing quarter results. this is call MEAN REVERSION

Based on latest price @ 8 Sept:

Insas @ 1.02, P/E = 3.74x & P/BV = 0.44x

TA @ 0.675, P/E = 3.75x & P/BV = 0.46x

Based on the above valuation metrics, we can observed both stocks are trading at extremely cheap valuations, and thus presents an attractive investment for investors looking for value.

Both stocks qualify as earnings-based play - low P/E and assets-based play - low P/BV.

A look at their balance sheets, you will notice that there is much hidden value yet to be reflected in their respective share price. For instance, Insas's 20% stake in Inari (latest market cap - RM5,116million) alone translates to RM1.39 per share, above their current share price of 1.02. On top of that, Insas owns Ho Hup (13%), Omesti (10%) and SYF Resources (9%) - all recorded at BV in the balance sheet, in addition to cash & cash equivalents of RM0.72 per share.

Based on latest price @ 8 Sept:

Insas @ 1.02, P/E = 3.74x & P/BV = 0.44x

TA @ 0.675, P/E = 3.75x & P/BV = 0.46x

Based on the above valuation metrics, we can observed both stocks are trading at extremely cheap valuations, and thus presents an attractive investment for investors looking for value.

Both stocks qualify as earnings-based play - low P/E and assets-based play - low P/BV.

A look at their balance sheets, you will notice that there is much hidden value yet to be reflected in their respective share price. For instance, Insas's 20% stake in Inari (latest market cap - RM5,116million) alone translates to RM1.39 per share, above their current share price of 1.02. On top of that, Insas owns Ho Hup (13%), Omesti (10%) and SYF Resources (9%) - all recorded at BV in the balance sheet, in addition to cash & cash equivalents of RM0.72 per share.

ladahitam....where u got the news of privatization?

since everyone starts to become expert on currency movement...

let's ponder..

do u think US economy is on the rise? if yes, what would happen to interest rates? if inflation rises then most likely Fed will raise rates and in the worst case may taper their balance sheet concurrently.

then what would happen? capital outflows....what is the effect on MYR then?

MFCB!

management already highlighted "operating environment to remain challenging and competitive due to greater presence of imports from overseas, in addition to the volatility of Ringgit Malaysia against the United States Dollar". This is a structural issue, i.e. heightened competition, whereby the company is unable to pass through the production cost hike to customer why may not be easily resolved. I foresee a period of lower profit

dividend payout may not be sustainable if the profit continues to go lower. looking at the high tin prices, more likely the profit continues to spiral downwards.

they need to find a way to monetise these valuable assets then perhaps market may re-rate BJCorp's valuation accordingly

Look at the FREE CASH FLOWS instead of accounting profit to value this company

"I still respect you all despite you are wrong in your forecast. Try hard and make a good and correct forecast next time. You will do well in your investment."

Does it means OTB made the wrong forecast as well? Seems like it..

Annualised EPS yield 18 sen, Based on current price, P/E is 3.6 times. NTA increased to 1.47, P/BV is at 0.44 times. Along with Insas, TA is one of the most undervalued stock in Bursa.

The best solution is for the management is to take the company private since the market has under-appreciated the company anyway.

Company still generates healthy free cash flows. RM36 million in this first half against RM5.5 million a year ago.

Bigbull99 I liquidate already, something is not right with the company. Better exit before they announce the bad news and it will sink to RM3.
24/08/2017 19:27

May i ask what is not right with the company? What kind of bad news are u referring to?

Anyway, best wishes in your investment journey. And don't come back here since u no longer hold MFCB shares.

360Capitalist's "Why Heng Yuan's EPS possible to touch RM1.00

What is HRC reported EPS again? Oh it's 28sen only, even lower than previous year of 36sen.

Then again, half year EPS is 1.21 but then again Q3 has always been a loss quarter in previous years.

Earnings based valuation also looks dirt cheap.

If focus lumber is trading at high valuation then i would understand if the market would adjust downwards due to the lower earnings. But the fact is it's not. In fact, it is extremely undervalue based on its cash position and free cash flow generation.

Insas is easily the most undervalued stock in Bursa. P/E less than 4x. P/BV is 0.43x.

Insas is easily the most undervalued stock in Bursa. P/E less than 4x. P/BV is 0.43x.

why panic? given the share price has gone up more than 300% it is logical for funds to realise some profit

hi guys, when is the result out?

at 33 sen eps, PE is 28x+. a point to ponder

any stocks hold by old man, u better be careful. He won't announce when he starts selling. His big stake will put enormous pressure on the stock. Just look at Focus Lumber or LiiHen

this is simply misleading, you cant make such comparison based on the absolute EPS alone. there are many other factors to consider such as market leader, competitive advantages, efficiency, pricing power, earnings sustainability, free cash flows, dividend yield etc etc...before u come to a conclusion how much PE multiples should the market be pricing in...

to compare with DLady and Nestle, well....speechless

PE is below 10x. P/BV is even more astounding less than 0.5x (whereby its investments in Inari, Ho Hup, Omesti all recorded at BV). It's liquidation value per share is around 1.60. Just take into consideration of the potential revaluation of its holdings in Inari alone, should add up to 2.64 per share, ignoring investments.

Hengyuan Q2 result will be lower than Q1. So please trade carefully.

Based on latest Inari market cap of 4.7bil, Insas holding is worth 1.28 per share...close to 35% more than Insas current share price

A negative enterprise value stock...where to find in Bursa??

i have respect for 3iii...have been following and reading his posts in investlah with great interest..

i would like to ask 3iii, what would do u think is the fair PE multiple for Hengyuan?

let's ponder a while, despite recording 2 good quarterly result, Hengyuan has been trading at low single PE multiple...let's say in a weak form of efficient market, do u think that the market has actually priced in fairly?

market sentiment is not good. second liners drop a lot in these few days. perhaps August is indeed a correction period. i have a feeling HRC downtrend is just a start, anything rise up fast would eventually come down fast too.

optimism has die a natural death

always safe to be cautious, don't over confidence in projecting its tp

always remember market will always surprise you

Price always moves ahead prior to announcement of quarter result...based on market movement, it is anticipated that Hengyuan will report good result. There is a possibility that the share price will be adjusted upwards (only if the EPS is surpise on the upside, perhaps >90 sen reported in the previous quarter) or downwards (more bias towards downwards) if the result is below 90sen.

It is important to differentiate between facts and rumours.

If indeed your mind can be easily swayed and influenced by anyone remarks, i suggest you to stay away from this site.

If you have done enough homework, you should have enough conviction in your own ability.

Read a lot of hated comments. All i can say that at the end of day the INVESTMENT DECISION RESTS ON YOU, that's because it is your hard earned money, no one is pointing a gun towards you demanding you to buy the stock. It is YOUR DECISION and ONLY YOUR DECISION. Please be brave enough to OWN YOUR DECISION..take ownership...and not taking the easy way out by pointing other people and trying to smear their reputation.

Don;t be sour grape. There is nothing certain in investments. You should have known the risk and should have done adequate homework before you decide to put your money in.

It is just not right by blaming other people for your own mistake/losses.

Learned from your mistakes and try to improve. Blaming and destroying people's name/reputation would NOT HELP YOU in anyway. It only REFLECTS BADLY ON YOUR CHARACTER.

I'm not backing anyone here, purely basic ethics. OTB has no obligation to prove to you. In fact, no one in the world has the obligation to prove to you. It is YOUR DECISION, simple as that. You are the one made the call and you are the one responsible for your own decision/investments/money.

Read a lot of hated comments. All i can say that at the end of day the INVESTMENT DECISION RESTS ON YOU, that's because it is your hard earned money, no one is pointing a gun towards you demanding you to buy the stock. It is YOUR DECISION and ONLY YOUR DECISION. Please be brave enough to OWN YOUR DECISION..take ownership...and not taking the easy way out by pointing other people and trying to smear their reputation.

Don;t be sour grape. There is nothing certain in investments. You should have known the risk and should have done adequate homework before you decide to put your money in.

It is just not right by blaming other people for your own mistake/losses.

Learned from your mistakes and try to improve. Blaming and destroying people's name/reputation would NOT HELP YOU in anyway. It only REFLECT BAD ON YOUR CHARACTER.

heart must be steady. price is indeed volatile but think ahead...then u will stay calm

dropping now

This guy is a real joker, KYY wanna-be or more like a KYY copycat

thong guan is definitely a buy at current price

First of all, Herbert Chua...pls get someone to check ur write-up before posting because there were just too many grammatical errors

thats very good...>100% return for u

how much u holding btw?

probability The crack spread, i,e the margin is based on USD from Singapore Mean of Platts

if the crack spread is in USD, how does strengthening of RM benefits HRC?

omfgggggggggggggg

formula 1 engine starts nowwwww

alright, KYY has gone public on HRC

why needs to pay dividend when the company can reinvest and earn more profits in the future!!

so headache now.....should i average upppppppp...hahhahahaha

aiyooooo now Icon article makes me think hard whether to add more position or not...