This is second best comment I think:

eskaylien Based on Q3's more realistic profit margins, it then be reasonable to use it as a base to annualise its profits. This would give RM40m or 14sen EPS.

At current price, its only trading at 5.5x PE.

Please note, the earnings estimate has not yet taken into account the longer term potential of import substitution production and sales growth.

Another point - with its parent not doing well, Mycron will probably be required to declare high dividends to its parent. Minority shareholders like us will benefit accordingly.
07/12/2016 19:45

This is most valuable comment for today, worth to read:

eskaylien Mycron's recent sharp fall is NOT due to management integrity, but to over-promotion by bloggers.

Also, investors in Mycron are mainly short-term players eg. OTB followers whom were advised to cut loss at the 84 sen trigger. In contrast, CSCsteel has more solid investors and institutions who were willing to look beyond one quarter's results.

Vis-a-vis CSC, both companies reported similar profit trends - Q-on-Q, both reported roughly 35% drop in pretax profit. (for like-to-like comparison, Mycron's pre-tax profit is adjusted for the impairment for fixed assets in Q2). Thus Mycron's financial performance and/or management expertise are not be inferior.
07/12/2016 19:35

After special dividend, it will adjust to below 2, it will be safe then :)

Forget about QR2015-06-30, it was inflated by gain in subsi acquisition.

To be flank & fair, the latest Q is the best QR since 2010

Support you, RUOutOfUrMind

Now I restrict myself buying at fixed quantity everyday no matter what price if down

Good one, 明天会更好

Agreed, buy slowly as it is not falling, but it's just in a buyer's market now.

Sellers are willing to let go with cheaper price & buyers are looking for cheaper price. Buyers know market is no good, so willing to wait for better offers. Simple as that

Very good observation, Can't agree more with what you said, SJSOON, invest in the business.

Will those real businessmen in real world talk about TA or FA before venturing into a business?

moneySIFU Hi guys, I will be away for 2 weeks. I'll see you in two weeks time.
Market is volatile now, buy/sell cautiously. Good luck to all including me. ヾ｜￣ー￣｜ﾉ
29/11/2016 10:24

I don't think moneysifu sell any & suspect his entry price is quite low, he has so much purchasing power to buy & keep :)

So quiet here today.....

明天会更好 Latest EPS was 4.69, annualised = 18.76, at current price RM2.23, PE only 11.9
If adjust for special & final div 28 cents, adjusted price will be RM1.95, giving adjusted PE at 10.4!!!
OBVIOUSLY UNDER-VALUED!
06/12/2016 23:32

Agreed with 明天会更好

The price chart is showing really bad shape of pattern

Price drop will trigger more panic sale

Yes, it is getting deeper under-valued day by day

If 60c I sapu pakai lorry

When it was 1, someone said it's cheap. When it came to 0.80, got people said it's discount sales. Now come to 0.60, what is it now? I don't know. I only know the business is in the dead end tunnel without any light while a bunch of zombies are approaching, matilah kali ini.

Selling china business, closing vietnam business, dying malaysia business, where to go now?

No one in Toyota showroom like seeing someone else selling Honda, right?

Even though you are telling the facts of Honda

Ok, will look into it tonight, thanks, Calvin

Bought some warrant just now, market is abandoning this ekovest

Not necessary must set high tone for all articles, sometimes keep low key is also part of the show. You will tire if the movie keep bombing from the beginning until the end.

Writing too many articles with too little or worthless points, it will disappoint readers & will encourage readers avoiding your articles in future, Calvin.

Also, since you also agreeable on the impact will be IMMATERIAL, so this article is not as good as what you have expressed in the article, it's kind of misleading.

If that's the case, would it be better if direct invest in POS rather than indirect hold via DRB? DRB has too many hidden things & may not be good option.

Just look at Melewar & Mycron. Mycron is doing extremely well but Melewar gave bomb to its shareholders.

Posted by calvintaneng > Dec 5, 2016 10:48 AM | Report Abuse
Yes, impact is small. The bigger impact will come from JV by POS/DRB with Alibaba soon.

The direct competing model should be Avanza, but even Avanza did not do go all these while. Unless Proton is willing to sell cheap. But market for this segment still small.

For size of DRB, Impact will be small.

Yah, Jay is correct, see yourself, Calvin Tan

http://paultan.org/2016/07/22/proton-ertiga-ckd-kits-ready-for-export-to-malaysia/

http://www.carandbike.com/maruti-suzuki-cars/ertiga

Posted by Jay > Dec 5, 2016 10:04 AM | Report Abuse
that's suzuki ertiga. proton ertiga is just again rebadging an old model, just like proton inspira was mitsubishi lancer. there is a reason why these foreign companies allow proton to rebadge these models they considered old

I add little by little everyday, the price movement is funny, gives chance to add more for those brave one

Thank you, paperplane

Wealthwizard should have his magic stick to know, but where is he now? Long time didn't see him.

Everyone know CRC price in China, but does anyone know what is CRC price in Malaysia?

LIKED, Let's close the chapter & move on, both are trying to do things which they think best at their own ways, both proven right in certain degree.

Sorry, should be profit taking already?

Thought you have position in Ekovest, cut loss already?

Best quote of the day!

probability lets preserve 'Sostupid' brain in a jar just like Einstein' brain...
it may be one of the rarest wiring available on planet earth.
03/12/2016 11:24

Salute! Salute for the responce & give chance to all to learn how to defend professionally.

Buy rates were weak for many days. Buy if you think it is undervalued. Sell if you think it is overpriced now. I trust this is good company but now choose to see if can get even at cheaper price.

Ok, Jason33, it is subjective topic, you may be right that downside is not limited but instead huge.

Stock market is a place where seller always found buyer to buy its shares, it mean someone always think too high & the other think good to buy, that's the deal closed.

We will not know who's right or wrong, we can only see how the price moves in few months time to know.

I found that this old man love to live under the limelight (出风头)

To be fair, saying KC possesses no business sense is stupid statement, it proved this KYY low IQ old man.

KYY said: I sacked him because he has no business sense at all. I am not telling you a fairy tale because many people in CIMB know this episode.

This is not first time to have war between the 2, empty tong articles by KC were interesting to read.

Posted by Whey Whey > Dec 2, 2016 01:04 PM | Report Abuse
When KYY reveal some reader ic here he commit suicide after that. Now KC Chong turn.... i wonder if kcchong will suicide too or he will fight back. Shall wait for the next episod" KC CHONG vs KYY". Stay tune.

Although I am not with Mycron, but we will see if what you said is correct in future.

Posted by stockraider > Dec 2, 2016 03:18 PM | Report Abuse
Mycron is a shiok sendiri stock....no matter how good the profit...the owner will not share with u loh.....!!

After sometime....they will scheme....something....and take all...the accumulated cash and profit out....all for their own benefit...without sharing with u mah...!!

Talking about moat, it is vital for long term investment, but seem like "long term" does not applicable to most of the active members in this forum as their stock holding periods are believed to be less than 1 year.

haha, agreed, stockraider, i think more than 80 mil, the highest paid CEO in Malaysia

Talk kok & promise failed company, rated too high, it pays price to talk big, shareholders are the one who pay for it. Long term hold or long term trapped?

Are they con man company, genting fit your criteria, director take most, div peanut only

Stockraider, How about Genting? Good or not good?

If you just look at the price to make decision, them it has indeed appreciated in last few months. But why it's gone up? Because Profits drive it up.

But I am not sure about Mycron on current valuation.