Wah fat cat... 3000 shares also you know? Where you find :P

Also encouraging that the CEO is not the owner of the company. He is being paid to run the company professionally 9to the tune of 1.5 mil p.a). If does not increase shareholder value, the Basir family is going to fire his @ss.

So the major shareholders and minority shareholders' interest are both aligned... very rare we have company the CEO who is not a majority shareholder.

The trees all going to mati.. the company will also follow lah...

Oh there is someone doesn't know about Kfima...

Puan Sri only have 1 share, but that share is a super preferred which can VETO any board decisions....

There are 2 controlling shareholders in Kfima.

BHR enterprise - 56%, two Basir sister & Puan Sri Basir. (Controlling shareholder). The two Basir sisters are the director of the company.

Subur Rahmat - 7%, Belongs to the WIFE of the Basir brother who is not a director of the company. Subur Rahmat has been continuously raising the stakes from <2% in 2010, 3% in 2011 and now up to 5% in 2012 and now up to 7%.

Interesting...

Usually Subur Rahmat buys 10k-20k shares each time. They have not even breach 100k shares before. This is the first time I see purchase in millions of units.

Either it is a typo or something compelling is coming. Subur Rahmat belongs to the controlling shareholder (Basir family).

why the fuss? 70% of their trees are going to die sooooonnn. Bye bye FGV...

Something is funny, Subur Rahmat submit bursa filing that they bought 1.48 million shares on 11/03 at RM 1.86.

However total shares traded in open on the day market is 270,500 shares. Did Subur Rahmat bought those shares in off-market transaction that day?

WCT WB will expire by then is more like it...

RM 3 hit... can it go through?

kcchongnz.. you missed out our super investor Hooi is also major shareholder of icap..later he will stand for election as director. Once become director, he will kick out TTB and liquidize the fund.

Dangerous corporate raider this guy Hooi...:P

Something happening... stock going up steadily...

This Kiram II is already left 25% life (old/sick/penniless)... so sure got discount one mar...

So.... if I pay P5000, then your life is mine, KC? :P

Jamalul Kiram III lost all his fortune in the 2007 election in his hometown, but the lost since the people of sulu actually rejected him.

How can you call yourself sultan, when your OWN people don't want to vote for you? And you expect Sabah to kowtow to you? Must be senile already...

CV for Jamalul Kiram III

Name of Candidate: Jamalul D. Kiram III
Position Sought: Senator

ACCOMPLISHMENTS:

- Forged the century ? old relationships between Sulu and China during the royal visit in Dezhou, Shandong Province, PR China in September 1999 with 87 ? man entourage. The visit concluded with the signing of the agreement between Hebei Province and the Sulu Sultanate on agricultural technology exchange.

- Forged bilateral relationship between the Don Sasagawa Foundation of Japan and the Sultan Jamalul Ahlam Foundation. Sultan Jamalul Ahlam was the recipient of various hospital equipments from Japan which were in turn donated to the Sulu Provincial Hospital in 1992.

- Responsible for the release of the American and the German nationals from the captivity of the lost command of the MNLF in 1984.
-
- Established livelihood programs in Sulu, Tawi-Tawi and Palawan through the Sulu-Marine and Seven Seas Corporations

PERSONAL DATA:

- Eldest son of the late Sultan Punjungan Kiram and Sharif Usna Dalus Strattan (both parents are Sulu royalties)

- Direct lineage from the first Sultan of Sulu, Sultan Shariful Hashim from the Bano-Hashimite tribe, the direct descendants of Prophet Mohammad (SWA)


- Member of the Ruma Betchara (Council of the Sultan) during the reign of his late uncle, Sultan Esmail Kiram (1962-1974)

- Acted as ?Interim Sultan? during the absence of his father Sultan Punjungan Kiram while in Sabah (1974- 1981)
- Rajah Muda (Crown Prince of the Sultanate of Sulu during the reign of his late father, Sultan Punjungan Kiram from 1981-1984

- Proclaimed in 1984 as 33rd Sultan of Sulu and was crowned on June 15, 1986 in Jolo, Sulu

POSITIONS HELD:
- Program Director, DXSM, Jolo (1963-1969)
- Station Manager, DXSU, Jolo (1969-1971)
- Project Officer, DPWH, Jolo ( 1972-1974)
- Vice President and Corpoprate Treasurer Greenfields Golf and country Club(1974-1977)
- Board of Regent, Mindanao State University (1974-1976)
- President and Chairman of the Board, Sultan Jamalul Ahlam Foundation (1979 to present)
- Appointed Chairman of the Board, Seven Seas Corporation
- President and Chairman of the Board, Seven Seas Corporation
- President and Chairman of the Board Sulu Marine Corporation(1989-1993)
- President and Chairman of the Board Philippine Pencak Silat Association (PHILSILAT) (1991-present)
- Executive Council Member, Philippine Olympic Committee (POC) (1996-2000)
- Supreme Regent, Philippine Islamic Council (1986-present)
- Chairman and President, Sulu Sabah Foundation (1993 to present)
- Appointed Member by the President of the Philippines on the joint Legislative and Executive Advisory Council (LEDAC) on Sabah Claim (Dec. 16, 2000-June 31, 2004)
- Presidential Adviser on Muslim Royalties Concern (March 5, 2005 ? June 30, 2005)
- Executive Council Member, POC (Jan 1- present)
- Consultant to the President of the Philippines (June 1, 2005 to present)

PERSONAL BACKGROUND:
Age : 68 years old
Date of Birth : July 16, 1938
Place of Birth : Maimbung, Sulu

City Address : Blk 47 Lot 6 Maharlika Ave. cor. Mindanao Ave., Maharlika Village, Bicutan, Taguig City
Provincial Adress: : Kasanyangan Village, Jolo, Sulu
Res. Telefax/ Cel No. : (632) 8375491 ? 09178427956
Email Adress : celia_kiram@yahoo.com
Name of Spouse : Dayang Hadja Fatima Celia H. Kiram

EDUCATIONAL BACKGROUND:
Elementary : Jolo Central Elementary School
(1946-1951)
High School : Sulu High School (1951-1955)
College : Notre Dame of Jolo
Pre-Law (1956-1958)

Bachelor of Law-Manuel Luis Quezon University (MLQU) 1964

AWARDS/CERTIFICATES RECEIVED:
- Citation Award for the released of the Japanese hostage in SUlu in 1986 from Pres. Fidel V. Ramos then Chief of the Armed Forces of the Philippines
- Senior Fellow, Royal Institute of Higher Education (Singapore)
- International Advisory Council Member, RIHED of Singapore

I think the so call sultan Kiram is already 70+ years old and is on welfare for dialysis & penniless...since he is going to be goner soon, might as well have some fun.. :)

http://www.freemalaysiatoday.com/category/nation/2013/03/06/pro-pakatan-blogs-link-najib-to-sulu-sultan/

The Umno member is Eslam Kiram II whi is brother to the Jamalul Kiram III.

The sulu sultan. Kiram fella is a Umno member lar.. he was 'invited' to join Umno AGM in 2012. You think there is repercussion meh?

No need so difficult, even his house you can locate on google map, just send 1 JDAM to his house enough lar... :P

Dayang = princess in sulu language...

I rather Kfima concentrate to make the business better rather than concentrate to make the price higher...

Just saw this today.. heh.

Re-evaluation is done by property appraisals, it has nothing to do with building 'sold' as there are currently no buyers yet and also no intention from WCT to sell. All these re-evaluation gains will only go towards book value. Until the building is sold, the gain does not materialize. Can see but cannot touch.

If it is sold higher then book value it WILL be booked as gain. However if the property is sold at below book value, the company will need to take LOSS.

EPS calculation for PE purposes, usually deducts one-off gain or loss as in this case, and treated as core PE or 'normalized' PE. WCT FY13 PE is somewhere in the range of 12x-13x so it is not cheap but not expensive also. The future earnings to unlock all these 'book value' will be listing of REIT at later time, which is the long term value we are looking at.

I do hold some WCT shares, and I do think it is a fair company, but not to your extend of mashing of numbers. The KLIA gateway earnings should materialize at 2H13 which would add some earnings.

Anyway since you are so positive on WCT, please buy more, :P

Yes, DCF is not a definitive guide but mere a glimpse into the intrinsic value of the share. Share value can not be calculated, it is estimated. And most of the estimates is wrong, even warren buffet admits that hence he buys easy to understand business.

So I believe those TA signals, TP, over bought/sell etc etc is all 'noise'. If you cannot or not willing to keep the shares for longer term prospects (ie. short term gain) better don't touch it.

For me I rather approach purchasing of shares like I am buying the whole entire company. If the entire company looks good enough after doing due diligence, and have margin of discount then it is a good buy.

Buy shares like you buy steaks in the supermarket, buy when they are on sale. :)

If it is sooooo easy to estimate future earnings 'accurately'... everyone will be millionaire by now. :P

DCF theory is easy to learn, the calculations is easy to do.

But it's the 'assumptions' of future returns cause most DCF calculation to veer into 'longkang'.

Also opening up a new plantation from scratch is not cheap as you need cost to build facility, land clearing, etc etc...all these have to be paid.

You can have any analysis you want, but back it up with facts...

Yeah, and you need to check on why the EPS is dropping. You cannot just draw a straight line based on CPO price. The EPS drop recently is due to the planting cost for plantation at Kalimantan starting 2008. Palm oil needs about 4 years to bear fruit, until then they 'eat' extensive amount of fertilizer and money, with no contribution.

Currently 9,000 ha is planted, total 17,000 ha to be planted end of FY13. Remaining 15,000 ha is to be planted in stages until 2018. Also a new palm oil mill will be operational at end of FY13 as the Kalimantan plantation bear fruits to support the mill. Also TDM is replanting 5% per year on it's older plantation is Terengganu.

All these have effects of lowered earnings in the early stages, but will contribute to EPS later on once they bear fruit (starting end FY12)

LOL you can't get refund for the 10% REIT tax... all goes to government.

Last Q EPS is already 14 cents with Average CPO selling price at RM 2,522.

How on earth you can predict the FY13 EPS to fall by half with CPO at RM 2,400 which is only 5% less in price compared to last quarter?

Calculator rosak kah? Back up with facts lar, don't simply shoot.

Dilution is relatively minor as the warrants are currently out of money (ie they cost higher to exercise than the share). Only 2013 warrants are in the money, but based on ex-1.85 and the warrants cost RM 0.20 intially, there is very very little dilution. So EPS stays as it is...

Lol anbz... of the 38.61 cents earning in 2012, a FULL 20+ cents is a one off gain from asset revaluation of paradigm mall. Revaluation gains is not actual gains. ie. not cashable until the asset is sold.

Actual re-curring EPS for WCT for FY2012 is about 18.6 cents only.

Read before you shoot. Otherwise the sharks will eat you alive.

Actually this company's bane is that it has wayyyy too much cash. If they deploy the cash for expansion or distribute to shareholder, he price will jump significantly.

Anyway I look left, look right all over KLSE, I cannot find a share with so excellent FA results selling at PE 6x... at PE 20x however there are plenty. :P

Market is irrational, get over it.

If the market give a discount, you also want to sell? or you rather buy?

The business is growing steadily, so far there is no sign of lowering growth. All fundamentals are positive.

Is no one looking at value of the business? Everyone is looking at the price only?

No big boys? Aberdeen Investment and Mitsubishi UFJ not big boys ah?

TDM reported a so-so quarter slight reduction from last quarter.

As expected plantation revenue is lower but strong growth in healthcare division. PBT heathcare +150% from last quarter.

Expect minimum 13 cents dividend...

KFima reported a better quarter.

3Q12 vs 3Q11 - 8.53 vs 5.6
3Q12 vs 2Q12 - 8.53 vs 7.16
NTA increased from 2.13 to 2.22

Strong growth in bulking division offset the loss in plantation revenues.

I think you have lost money until 'sot jor'... haha. Quit spamming lar.

Haha I am not worried, it is just all your spamming is messing up the forum. :P

You everything also scream sell.. go sell yourself lah.. jalan alor that way --->

Faber announced higher profit and higher than expected 10 cent dividend. :)

As expected fantastic results from WCT, in which gains from the revaluation of Paradigm mall is included.

That would be 'musang'....

Time to get rid of 'pek moh' he has harvested billions from Sarawak already...

As long as they fast fast sign the 21 year concession with TNB then ok... :)

Sabah - Faber 40%, 60& I-care Consortium Sdn Bhd
Sarawak - Faber 40%, 30% Metrocare services Sdn Bhd, 15% Simfoni Dua Sdn Bhd & 15% Yayasan Sarawak (SEDC)

If the negotiation is completed.

Sabah & Sarawak consortium Faber 40% - Others 60% and then fully subcontracted to Faber at 100%. Faber will get 100% but have to cut maybe 10-20% as 'profit fee' to the other 60% consortium owners,

RHB mentioned that faber is currently negotiating with the other 60% consortium to act as subcon. This is because the 60% Sabah & Sarawak consortium holders have zero experience, no assets & no workforce.

Bloody rent seekers....

The Renewable Energy Act & FiT mechanism is approved unanimously by both BN and opposition party. So the rate should not be a problem.

The problem is the allocation....so far opposition raised the issue only on Petronas Chairman's daughter who get the lion share of the concession on RM 2 companies. So far no opposition talked on Cypark...

Razali is also owner of Iris Crop Bhd and Leader Universal Bhd...also sit on board & shareholder of Allianz Malaysia Bhd, Bright Mission Bhd & Gerbang Perdana Bhd...

Could be they take T+3 loan to exercise their esos....

Think risk, before profit.

Missed opportunity can always get later. Lost money hard to get back loh. :)