to be more conservative, i'll take the lower range 4.20 to Public's TP of 4.48

@theintinvestor Implied share price for MFCB is ranging fr 4.20 - 5.91

Wilmar is carrying out an internal restructuring of its China operations and plans to list in Shanghai. Valuation of the China operations - USD9.1 - 13.7bil. PPB will reaps the benefits from this exercise from its 18% interest in Wilmar.

nta is 2.30...revalued nta is xxxxx....

Fantastic results

Dylan...Hevea is a good stock...dont sell too fast. And with MFCB, it has much room to go up more...its still very undervalued at current price

this hebeifortune is spreading false call

Accidentally unload??? sell means sell laaaaa.....where got by accident!

if u have a long term view, u wont even bother to look at its share price

"We believe that the Group’s financial performance
and quality of earnings will improve significantly when
the Don Sahong Hydropower Project commences
commercial operation in year 2019. The earnings from
this project will contribute a long term steady income
stream to the Group, enabling it to take on business
opportunities that arise and create long term sustainable
growth for shareholders."

http://klse.i3investor.com/blogs/stockify/118088.jsp

Yes, optimus...you are right

Q1 2016 Q2 2016 Q3 2016 Q4 2016
Revenue 218,310 197,575 215,021 283,329
PBT 40,309 47,993 51,451 59,872
Net Profit 23,595 26,653 35,908 34,585
PBT % 18.46% 24.29% 23.93% 21.13%
NP % 10.81% 13.49% 16.70% 12.21%
EPS 10.56 8.54 10.74 10.01

Q1 2016 Q2 2016 Q3 2016 Q4 2016
Revenue 165,394 144,150 145,050 168,506
PBT 27,787 22,248 21,221 22,355
Net Profit 21,024 17,019 16,178 20,515
PBT % 16.80% 15.43% 14.63% 13.27%
NP % 12.71% 11.81% 11.15% 12.17%
EPS 11.68 9.46 8.99 11.40
DPS 4.00 4.00 4.00 10.00

Q1 2016 Q2 2016 Q3 2016 Q4 2016
Revenue 53,286 52,737 30,923 64,530
PBT 4,358 6,075 4,107 10,717
Net Profit 3,312 4,641 2,878 8,350
PBT % 8.18% 11.52% 13.28% 16.61%
NP % 6.22% 8.80% 9.31% 12.94%
EPS 3.21 4.50 2.79 8.09

Stripping of last year shares disposal, Insas results are commendable...more importantly its NTA is at 2.18 now!

Results exceeded my expectations! Was targeting EPS of 10 sen. Liihen has proven its strong performance for a good few years, its earning visibillity. Its time for the market to appreciate its strong fundamentals and hopefully we will see an expansion of its PE multiple. With such strong growth and healthy balance sheet, strong cashflows etc etc...Liihen should command at least a 10x PE which should yield at least RM4. Thats a very minimum target by the way.

NTA & EPS to increase by 28 sen. Let's see what Parkson is going to do with that cash...

No brainer. TA is a perfect stock for assets play. So undervalued....so much value to be unlock!

Lets wait for the Q4 results. I believe 40 sen EPS is achievable. Based on 9.6x PER, MFCB should value at 3.8

Its already known in Q3 prior to today announcement.

Expecting provisions in 4Q. The Group has been slapped with additional taxes and penalties amounting to RM22.8m by the Inland Revenue Board of Malaysia., of whch it is required to recognize the provision though the Group is in the midst of making an appeal.

Wow, that's very interesting...thecontrarian can time his selling in July!

DCF analysis implies share price @ 4.51 assuming their FCF grows at inflation rate of 2%

net net working capital/share is 1.44. And that is based on BV of all its investments. If they realised their holdings of Inari is already worth more than RM1/share (net gain!), not to mention their other investments in Ho Hup, Omesti, SYF Resources, investment properties, unlisted securities etc etc

Insas net net working capital/share = 1.44

based on homeritz recent quarter announcement, average USDMYR is 4.21 for Q4...much higher compared to 4.04 in Q3

RM strengthening a bit...can notice all export counters dropped...that's normal for traders to sell their positions....on the contrary, investors should hold and if possible collect more...let's wait for the quarter results announcement next month

Based on homeritz recent quarter results, average USDMYR is 4.21 for Q4. This would boast well for all exporters...

Good riddance of weak holders. Then only the price stabilises and reflects its fundamentals in the long run.

Target price based on various valuation methods ranging from 3.00 to 3.46 (very conservative estimate and assuming no growth).

how can fair value is 1.83...and they never explain their basis

A strong buy if u have a long term view. Moving forward, their hydropower project in Laos will be their key growth driver. As at 3Q FY16, completion stage is only 11.5% but we have already seen its contribution to MFCB earnings in the last 2 quarters.

Insas NTA = 2.13. Very conservative valuation of its net net working capital = 1.44 (all investments are valued at its book value). Can u imagine how much Insas worth is if their investments in the public listed co are being realised. As stated in their 2015 AR, their gain/share of their investments in Inari is 0.89 based on their market cap of 2.8 billion. Inari;s market cap has risen to 3.4 billion!

Anyone has the latest information of Insas holdings/stake in Inari, Ho Hup, SYF and Omesti? Thanks for sharing

think long term. FLB implied share price is ranging from 2.28 to 2.75

It's merely the disparity arising from accounting treatments, TA and TAGB are required to recognise the losses from their foreign currency denominated loans whereas nothing is required to be done on the assets.

And even at this price, TA is trading at P/BV of 0.39 and that's not even taking into account of their assets realisable value (huge capital gain).

TA owns substantial amount of assets overseas and with the weakening of RM (though they have debts in USD) are actually better for TA and TAGB and these appreciations in value are not reflected in the books.

Conservative valuations of MFCB:
1) Based on annualised EPS = 39.79 sen (Q4 forecast EPS to be 9.95 sen) and average PER of 7.55, TP = 3.00
2) Assuming average FCF of 70 mil (lower than latest FY 2015: 87 mil) growing at inflation rate of 2% (very conservative) with WACC of 9.8%, FCF per share = 3.65
3) SOP valuations by Public Bank = 3.16

I think we can safely conclude that the intrinsic value of MFCB is at least RM3.

What does it say? Can translate to english

Good performance!

Kenanga: Yesterday, FLBHD’s share price rose 4 sen (+2.3%) to finish at a 5-month high of RM1.76. Consequently, the share price appears to have broken out of its sideways trend between RM1.42-RM1.70. At the same time, the 20-day SMA has just completed a “Golden Crossover” with the 50-day SMA to signal the start of a new uptrend. Expect the share price to be biased to the upside from here, with overhead resistances RM1.84 (R1) and RM1.95 (R2). Investors looking to buy into the stock may do so now, or on any weakness towards the RM1.70 (S1) resistance-turned-support. Failing which, further support is located just below at RM1.60 (S2).

better be careful before enter. like i said, there will be reputation risk with long term repercussion, potential claim from customers due to non delivery of contracts, loss of production and revenue as such closures can last potentially 2 months,

Good picks. Agreed with some and not so with some. What's your target price for these stocks and how much is your MOS?

This license revocation issue takes time. Need to factor in the reputation risk. Also potential claims from customers for failure of delivery.

A decisive breakout above RM1.73 could take the next leg up towards RM1.84 (200-d SMA) before reaching our LT objective at RM1.96 (50% FR) levels.

Insas only trading at 35% of its book value.

MFCB will benefits from the continue strengthening of US dollar too as the earnings from the Hydropower project is denominated in USD.

The existing PPA of the Tawau plant will expire in December 2017. Discussions for an extension of the PPA are currently underway with Sabah Electricity Sdn Bhd (“SESB”) and an announcement will be made once the PPA extension has been signed.

Expecting a strong quarter result!