fong7

fong7 | Joined since 2013-07-23

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Stock

2014-10-20 16:45 | Report Abuse

hell yeah. rebound time. kekeke....

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2014-10-20 16:44 | Report Abuse

in its recent quarter report, asset value increased, EPS increased.
Previous year its dividend was way too high because of tax thing. Therefore the following year it "rationalized" and lower its dividend. I don't see any "issue" with this as the company shouldn't overpaid dividend.
bought some at 19.00 expecting RM1 dividend for the year and that will be 5% yield.

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2014-10-17 12:08 | Report Abuse

"To dispose at the discount price" is very dangerous words. How much discount? Never mentioned. Small caps sometimes disposing shares at 50% discount, remember iCar is still at net loss. So be carefully here.

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2014-10-17 12:06 | Report Abuse

The same senario can be found in almost every red chips listed in Bursa. They all "cash rich" but keep asking money from shareholders. The "cash" is multiple of their market cap, something must be wrong there. In recent years, we started seeing one after another of these stocks posting extremely lower revenue and profits, some even net loss. And the cash? Can't trust at all.

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2014-10-17 12:03 | Report Abuse

Not about privatise iCar, but privatise REV. Because if iCar stake is so valuation that worth more than market cap of REV, I can't think of any reason why the major shareholders won't privatize REV for a good profit, then re-list REV.

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2014-10-17 11:49 | Report Abuse

O&G hit hard. Perisai also PP at 1.53 and today only less than 1.00, even worst.

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2014-10-03 16:19 | Report Abuse

anyone has original doc of these two new report? I just wish to know their dividend and net gearing forcast numbers. thanks!

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2014-10-02 01:47 | Report Abuse

Modi seems quite high profile on India reform. Lets hope he moves faster and roll the ball of economy (aka energy demand).

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2014-10-01 20:43 | Report Abuse

it has high net gearing, can the dividend sustainable? cimb report gave a NR rating with 4 sen estimation yield. But it did not mention how its balance sheet can sustain that yield. IBs just expect it to successfully sell some of its assets.

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2014-10-01 17:01 | Report Abuse

malaysia increase toll fee. singapore also increase toll fee. Iskandar property will be bad in near term. stupid malaysia governemnt, loss big, earn small.

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2014-10-01 15:00 | Report Abuse

bought more mudajaya at 2.00 today.

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2014-10-01 02:54 | Report Abuse

The "real" reason? Because Mudajaya made a high risk investment on decided to invest in India. India is an undeveloped country, not an emerging country such as Malaysia. The bad about Mudajaya is the management team did not inform shareholders of that risk. Maybe, just maybe, the management themselves also did not expect India to be "that undeveloped".

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2014-09-29 04:00 | Report Abuse

To find another stock that can move up 30% from current price is not easy....actually, extremely hard. For Mudajaya, a 30% rebound is a piece of cake, if negative sentiment finally disappeared. Well, nobody knows when can this happen. But it's just too hurting to sell at current deep low price. Public bank just reported that the asset value of Mudajaya is 2.90, it's really a very cheap stock now.

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2014-09-29 03:57 | Report Abuse

I hope for good news. And I hope share price recovers strongly in near future. I still holding all my Mudajaya shares, so those who invite me (or us) to sell, I'm just thinking it's too late now. I wish it has reached bottom and about time to recover from here. God bless us (accidental) long term investors. :P

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2014-09-25 17:04 | Report Abuse

however, India is severely short of power, this is limiting the country's growth as it is on recovery phase. Optimistic point of view, we hope the government will speed up things and get it done fast. Otherwise it's also the India's fatal hit for their own country.

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2014-09-25 17:01 | Report Abuse

very high chances it is affected, in fact. So for this worst case scenario, the project may continue to delay as the company needed to reapply for the permit that may drag months if not years. Still pray it is not affected, then strong recovery. Where is our most aggressive Jonny Cash? He should had contacted the IR already now waiting for answer only. :P

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2014-09-25 16:09 | Report Abuse

no announcement today? they just keep quiet? anyone contact the IR ask this? The IR should give us accurate answer since the court case already closed.

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2014-09-25 16:08 | Report Abuse

i pray good news to inform us its company is the non-affected one, then rocket shoot up to 2.50 at least.

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2014-09-25 05:57 | Report Abuse

looks like this is the real deal for recent sharp drop on Mudajaya!

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2014-09-25 05:56 | Report Abuse

India’s Supreme Court has confirmed the cancellation of more than 200 coal licences held by dozens of private sector industrial groups, sending stocks in affected companies down sharply.
In a harsher than expected decision, the court on Wednesday also levied fines of about $1.2bn on the owners of the cancelled licences, and said that mines affected could be handed to state-backed mining group Coal India before being re-auctioned.
In August, the court declared as “arbitrary and illegal” the process by which 218 licences to mine coal had been handed out to businesses in sectors such as power and steelmaking, following allegations of irregularities brought by anti-corruption campaigners.
The formal cancellation of the licences hit shares in a range of Indian power, steel and aluminium groups, while dashing hopes that groups with operational mines would be allowed to keep them.
Jindal Steel and Power, an industrial conglomerate owned by billionaire tycoon Naveen Jindal, closed down 10 per cent shortly after the ruling.
A range of industrial groups, including energy venture Adani power and steelmaker Tata Steel, also fell on the news.
Companies that had begun mining under the now-cancelled licences now face fines of approximately $1.2bn, according to estimates from analysts at Macquarie.
Jindal Steel and Power, the worst affected group, is set to pay close to $500m.
Shares in Indian public sector banks also fell on worries that the ruling could lead to a jump in bad loans in sectors such as power and metals.
Concern over mine cancellations has cast a shadow over the recent tentative recovery of India’s industrial economy, and raised concerns about a knock-on impact on coal supplies, with many power companies facing fuel shortages.
The decision represented a defeat for India’s government, which had argued that operational mines should remain with their owners, potentially in exchange for a fine.
“This is a tough ruling, the companies were hoping that working mines would be in some ways protected, but this has not happened,” said Kameswara Rao, an energy specialist at consultants PwC in India. “But this does present a far cleaner slate on which the government can begin a new policy, in which everything will be re-auctioned, so it isn’t all bad.”
The ruling is also a blow for companies such as UK-listed Vedanta Resources, who now have to rebid for mining licences that they had previously acquired, but which had not yet begun operations.
Shares in Coal India closed up nearly 5 per cent, however, on news that it would take control of any operational mines by April 2015, giving India’s government breathing space to allow the mines to be re-auctioned.
Billionaire Anil Ambani’s Reliance Power also jumped more than 5 per cent, as the court said that a mine providing coal for a major power plant operated by the group would not be affected by the ruling.
Companies hit by the Supreme Court’s decision have said little in public about their plight since the first ruling in August, but anti-corruption campaigners welcomed Wednesday’s decision.
Environmental group Greenpeace called the decision “a victory for the environment and the people of India against rampant corruption and crony capitalism rife in the resource extraction industry”.

Copyright The Financial Times Limited 2014

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2014-09-19 22:51 | Report Abuse

I believe China's companies should be fierce competition.

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2014-09-19 22:50 | Report Abuse

Power is still a fast growing segment in Emerging economy. Hopefully Mudajaya can maintain its reputation and becomes one of the major winner riding on this potential.

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2014-09-19 22:49 | Report Abuse

However, if it able to get more jobs from foreign countries (be it highway or power plants), that would be nice.

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2014-09-19 22:48 | Report Abuse

The transitional period may at least need another 5 to 8 years ahead for Mudajaya, I guess. So it still required construction jobs other than those offered by its own group (power plants construction jobs), otherwise the EPS will be too low and share price may further de-rated.

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2014-09-19 22:44 | Report Abuse

Saw news on TV that Muhibah is the company responsible for recent MRT accident.

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2014-09-19 16:55 | Report Abuse

if mudajaya couldn't get any of these project, then we can eat wind already. :P

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2014-09-19 16:54 | Report Abuse

The government expects the construction sector to sustain double-digit
growth this year, riding on massive ongoing construction projects and potential
new investments from the private sector. Minister of Works Datuk Fadillah
Yusof said in the first half of this year the construction industry showed positive
results, posting a stronger growth of 14.3 per cent against 12 per cent in the
same period last year.
 "The construction industry will continue to be one of the prime movers of
the Malaysian economy. "The total growth of construction last year was
almost 12 per cent. Our projection this year is not less than 10 per cent," he
said. Meanwhile, Fadillah expressed hope that all seven highway
construction projects earmarked under the 10th Malaysia Plan including the
West Coast Expressway (WCE), with an estimated total cost of RM20 billion,
would commence by next year. (Bernama)

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2014-09-19 16:52 | Report Abuse

Work on seven new highways will start next year, offering jobs worth RM20bn
for the construction sector. This will also fill up the order books of construction
companies that have been waning following the tail-end of the RM23bn Klang
Valley mass rapid transit (MRT) project.
 The seven highway projects are the RM1.18bn Duta-Ulu Kelang Expressway
(DUKE) extension, the RM5.04bn West Coast Expressway (WCE) from
Banting to Taiping, the RM2.5bn Kinrara-Damansara Expressway (Kidex),
the RM1.5bn Kuala Lumpur Outer Ring Road (KLORR), the RM4.18bn
Damansara-Shah Alam Expressway (DASH), the RM4.3bn Sungai Besi-Ulu
Kelang Elevated Expressway (SUKE) and the Serdang-Kinrara-Putrajaya
Highway (SKIP).

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2014-09-19 16:09 | Report Abuse

mudajaya is asset rich, (current) profit weak.
everyone is waiting for the asset to generate reasonable profit.
some had been waiting for 5 years, and they gave up and sold.
some feel too hurt to cut loss at current price, they they close one eye.
i am the last group. :P

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2014-09-19 16:06 | Report Abuse

good news, UK. bravo!

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2014-09-18 03:32 | Report Abuse

company buyback so many stocks for what? malaysian companies rarely cancelled stocks, so....they private placement? or give stock dividend? wondering...

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2014-09-18 03:30 | Report Abuse

oh boy. 1.80 next stop....

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2014-09-10 19:58 | Report Abuse

support mr. koon. Malaysia needs people like you to voice out for the citizens.

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2014-09-10 19:42 | Report Abuse

0.90, i like. :P

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2014-09-10 06:59 | Report Abuse

EPF accumulating at low after sold at high. This is how they play, we should follow their steps and not the reverse. Sell low, buy high is retailers mostly done.

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2014-09-09 13:22 | Report Abuse

cavino, investing in stock, we don't look past and now, we look ahead in the future. :)

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2014-09-05 02:24 | Report Abuse

haha! good one, titus.

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2014-09-04 16:26 | Report Abuse

got AGM boh? should see big drama there....

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2014-09-04 16:25 | Report Abuse

haha...."delayed", now is trademark of this management. ya, 1.80 sounds nice.

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2014-09-02 15:29 | Report Abuse

agree with AhMoi, don't blindly follow other people's words to buy stock. Need to see the company's direction before buying any stock. If the direction persist, keep the stock. If it failed, sell. For Mudajaya, I see the direction is consistent from 2-3 years ago while I first bought it for the sake of transformation into utility stock. PE valuation for utility stock is about double of a construction stock.

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2014-09-02 15:27 | Report Abuse

we need to understand what we invested in, otherwise better go genting gambling. :)

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2014-09-02 15:26 | Report Abuse

this transformation plan has been happening since 2 to 3 years ago, what do you mean by "no concrete plan"?!
transformation period of course long term, how to transform in short term?!
well, this stock is not for short term holders, that's for sure. So, I'm holding my current stake and will not add more stake even if the share price drop further. Can't put all eggs into one basket. :)

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2014-08-22 11:02 | Report Abuse

Firing by end of 3rd quarter was told by the IR of Mudajaya as told by few forumers here who called up their IR. So who to trust now? Public Investment Bank or the IR? Haha!

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2014-08-21 16:35 | Report Abuse

very huge unbilled sales. very huge unused landbank. very huge re-rating ahead. only time will tell. :P

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2014-08-14 16:07 | Report Abuse

shame for share price depressing? you gotta be kidding me.

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2014-08-14 16:03 | Report Abuse

ooops....i mean, salary also no money to PAY (not buy :P )

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2014-08-14 16:02 | Report Abuse

if the management just wants to goyang kaki and take salary, why burned company's cash for share buy back? Later salary also no money to buy.