ALPHA TRADER PLEASE GIVE YOUR OPPINION ON TP ON THIS COUNTER? IS IT STILL A BUY AT 1.16?

400523 the info you had shared with us on mudajaya so far is very very helpfull to us, be patience mudajaya will be on uptrend soon

400523 actually you are a smart investor but how can loose 90k on mudajaya is it panic selling, contra play or something else? I m surprise to hear this

Actually the whole bursa is on downtrend n correction on political n 1mdb case..

Thanks pavillion of putting some life into this counter, thanks again

Top up guys myeg government s anak angkat lol

Why suddenly 400523 you are losing hope? WHY you are saying going for broke? I notice always you have confident on this counter?

Did skpetro involve in 1mdb

If daily directors are selling that means earning report coming not so good maybe then rhb might give a new lower target price, so the directors are smart but the public or retail investors are always in a TRAP

Thanks mocics

PriyankaC One such small little message you use such big envelope.
11/05/2015 07:45

at least newbies can learn something from this???? other stocks are also included..

Just cannot understand why people are still buying, property sector for johor is long term recovery already in a glut.

calvintaneng

your e mail address please? thanks

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not so soon rebound will take TIME

TARGET PRICE STILL MAINTAIN 1.88 BY CIMB

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US marketing
Maccagno and Ariesza sat down with 10 fund managers representing nine fund
management companies in San Diego, Los Angeles, Santa Barbara, Salt Lake
City, Boston and New York City. It was largely a series of introductory meetings
as only three out of the 10 fund managers had met with management before,
although all were familiar with Wah Seong’s competitor Bredero.
With a market capitalisation of US$269m, Wah Seong was generally perceived
as an emerging-market small-cap. Valuations were viewed as cheap at 7-8x
FY15-16 P/Es, but liquidity was deemed insufficient with an average daily
turnover of only US$0.07m.
In FY13, Wasco contributed 62% and 85% to Wah Seong’s revenue and pretax
profit, respectively (Figures 1 and 2). The two businesses under Wasco are
pipe-coating and engineering. The former is mostly carried out at the
company’s world-class facility in Kuantan, while the latter entails the design,
fabrication and engineering of mostly offshore structures, such as gas
compressors, at yards in Singapore, Batam and Dubai.

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target price of cimb reduced to 50 cent from 61 cent....looks like delays

Deferred PP102 delivery?
Perisai reported a net profit of RM7m in 1Q15 (vs. a loss in 1Q14), which
broadly met our expectation at 20% of our FY15 forecast but missed consensus
at just 11%. However, as the company is unlikely to take the delivery of
yet-to-be-contracted PP102 next month, we reduce our FY15-16 EPS as we
remove the asset from our forecasts until Jun 2016. Management is now
scouting for three contracts as Rubicone and E3 are also unemployed. Our
target price falls due to the EPS cuts. We continue to value the stock at 10.5x
CY16 P/E, still at a 30% discount to the oil & gas big caps. Maintain Reduce
with a potential de-rating catalyst being a prolonged contract search for the
three assets. Switch to our top oil & gas small-cap pick Perdana.
A turnaround yoy
Perisai booked a net profit of RM7m in 1Q15, an improvement on a net loss of
RM3m in 1Q14, mostly due to the contribution from drilling rig PP101 that
started operations in Aug 2014. Perisai’s 51%-owned floating production,
storage and offloading (FPSO) vessel Perisai Kamelia, which started production
in Nov 2013, chipped in as well, helping to soften the blow caused by the
unemployment of mobile offshore production unit Rubicone and pipelay barge
E3 since 1 Oct 2013. The absence of a dividend payment was expected.
Three assets yet to be contracted
We removed Rubicone and E3 from our forecasts in Dec 2014 as management
continues to look for contracts for these assets. We now also remove PP102
from our forecasts until Jun 2016 as management is unlikely to take the
delivery of PP102 next month as the rig has yet to be contracted. This results in
EPS cuts of 14% in FY15 and 19% in FY16. Our forecasts now include only these
assets: PP101, Perisai Kamelia and various offshore support vessels under
51%-owned Intan.
Rubicone for PM9?
We understand that Rubicone has been earmarked for work at the PM9 gas
field in offshore Terengganu. The MOPU is suitable for the job because it has
gas facilities. However, a decision on the operatorship of PM9 has been delayed
for more than a year and we understand that the earliest a decision will be
made is in mid-2015. Meanwhile, management is bidding for at least three
domestic contracts for PP102.

it will go towards 2,, anyway when is the earning report????

target price still maintain 1.61 by CIMB......

All systems GO?
As highlighted in our 26 Mar note, we think that a general offer (GO) for
Perdana shares by Dayang is possible, more so following separate
announcements by Perdana and Dayang today on the trading suspension of
their shares tomorrow. We maintain our Add call and target price on Perdana,
although its share price has rallied by 25% since we released our 26 Mar note
- leaving just a 7% upside to our target price - pending the release of details.
We continue to value the stock at 10.5x CY16 P/E, still at a 30% discount to the
oil & gas big caps. Perdana remains our top oil & gas small-cap pick.
What Happened
Perdana announced today that the trading of its shares will be suspended
tomorrow. Earlier today, the company received a letter from its largest
shareholder Dayang that intends to enter “into a material corporate transaction
involving Perdana”. Dayang also announced that the trading of its shares will
be suspended tomorrow. No further information was disclosed.
What We Think
We think that Dayang is set to launch a GO for Perdana shares it does not
already own. We highlighted this possibility in our 26 Mar note following
Dayang’s aggressive buying of Perdana shares the week before. Currently,
Dayang owns a 29.9% stake in Perdana. To recap, Dayang became Perdana’s
shareholder in Dec 2011 through a 10% private placement and has since
increased its stake to the current level.
The synergies between the two companies are in the area of brownfield services,
which require workbarges and workboats. Perdana currently has five
workbarges and a workboat deployed to Dayang on long-term charters. More
than 70% of Perdana’s vessels are on long-term charters. The control of
Perdana would give Dayang better access to Perdana’s young fleet of 19 vessels,
of which 17 are in operation and two are due for delivery in FY16. The fleet’s
average age is 4.8 years. Perdana has an order book of around RM1.1bn up to
FY19.
Perdana’s share price has rallied by 25% and outperformed the KLCI by 26%
since we released our 26 Mar note. The current share price of RM1.50 – the
highest YTD – is just 7% shy of our RM1.61 target price, which we are
maintaining for now pending the release of transaction details.
What You Should Do
We advise shareholders to hang on to their shares.

Eric Lim Over reaction of market due to Singapore warning their people on buying the properties in Iskandar.
13/05/2015 15:48


please give link? thanks

good on uptrend

target is still 3.14

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NOW THE QUESTION IS, IS IT OVERVALUED AT THE MOMENT??????? LC CHONG TALKS EXTREMELY OVERVALUED

http://www.theedgemarkets.com/my/article/ci-holdings-shares-and-volume-rise-possible-investment-negotiation

STRONG REPLY

nice to see our hero is back here.. hello Mr Koon

something is going on in this company,, but by the time they announce it s already late price already high

http://klse.i3investor.com/servlets/forum/800001018.jsp

BJ FOOD IS BOOSTING UP, BUT WHY BJ CORP STILL SLEEPING??

yes why BJ CORP is not boosting up? even i m also thinking the same thing

Taking on Track 3B?
If Tenaga takes on Track 3B, we think that it is likely to do so under revised
terms as the previous bid by 1MDB suited the latter company’s capital costs
and returns, not Tenaga’s. We maintain our Add call on the stock with an
unchanged target price of RM18.42.
What Happened
The Star reported on Saturday that Tenaga has taken over the mandate to build
the 2,000MW coal-fired power plant Track 3B from 1MDB. The news report
cited sources from the consortium that won the engineering, procurement and
construction (EPC) contract for the project. The report also highlighted that
Tenaga will set aside around RM500m in equity to start the project that is
estimated to cost RM11bn. 1MDB currently owns a 70% stake in Track 3B,
while the other 30% is owned by Mitsui Co Ltd. 1MDB won the project in Mar
2014 through an open tender, beating the other bidders such as YTL Power and
Tenaga.
What We Think
The news was a surprise although we believe there may be some truth to the
news. Assuming the news is true, we believe that it will be neutral for Tenaga in
the longer-term. If Tenaga were to undertake Track 3B, we think that it would
be given the opportunity to revise the terms of the agreement as the original
bid's tariff suited 1MDB's cost of capital, which we estimate implies an internal
rate of return (IRR) of 6%. We think that this news may seem negative to the
public, given the association with debt-laden 1MDB and the impression that it
is another bailout. However, we believe that Tenaga would benefit in the long
run if it takes on Track 3B under revised terms. The construction of the power
plant has been delayed due to issues with 1MDB's funding. If this is prolonged,
the power plant may not meet its commercial operation date (COD) target,
which would have negative impact on the nation's electricity grid and cause
problems for Tenaga in the future.
What You Should Do
We think that if Tenaga does participate in Track 3B, it would be given the
opportunity to revise the terms of the agreement in order to ensure a fair return
for the capital costs and risks that it would undertake. We maintain our Add
call on Tenaga, as its earnings continue to recover from the previous slump and
its future earnings outlook appears stable, underpinned by the implementation
of the fuel cost pass-through (FCPT) mechanism. Our target price remains
unchanged at RM18.42, based on 15x FY16 P/E.

WOW WOW CIMB UPGRADES BERJAYA FOOD TO NEW TARGET PRICE OF 3.27 FROM 2.77

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Focusing on profitability in Indonesia
Management has indicated that the operating environment in Indonesia is
tougher than expected as the strategic locations and prominent malls are
dominated by the big local players. Hence, it will focus on profitability instead
of expansion. It plans to introduce more new products and close down a few
non-performing stores (6-7 stores) in Indonesia in the following years. The
company estimates that it will take another 2 years for its Indonesian business
to break even as it needs a minimum scale of 40 stores.
Beefing up Jollibean’s performance
In 3QFY15, Jollibean made a small loss of RM0.2m versus RM0.7m profit in
1HFY15. Management does not expect it to turn around in 4Q. Jollibean is
projected to report profit in 4Q due to the rebate given by the government in
hiring employees aged >50 and for giving employees pay rises. Excluding these
rebates, the company is likely to remain in the red. Nonetheless, BFood is
confident that the newly-hired CEO, replacing the previous individual who was
bogged down by personal issues, can turn the company around.

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WHY suddenly into property??? target price still at 3.54 by cimb no changes

Buying an office building in
Klang Valley for new HQ
We were taken by surprise when MyEG announced its plan to acquire an
office building for its new headquarters (HQ). We are neutral on this news, as
it makes sense for the company to have its own HQ given its rapid growth in
the past few years. MyEG is currently renting its offices. We maintain our
FY15-17 EPS forecasts and target price, based on an unchanged 21x CY16 P/E
(in line with the average of its peers). The stock remains an Add. Potential
re-rating catalysts include the recent news that all employers must use foreign
workers’ permit renewal (FWPR) from May onwards and the successful
launch of its customs service tax monitoring (CSTM) project by year-end.
What Happened
On Friday, MyEG announced that it proposed to acquire 22 storeys of a
45-storey building, Iconic Office (block N) at Empire City@Damansara for
RM155.4m cash. The building is expected to be completed by end-2015.
Building purchased net lettable area is 238,932 sq ft. The company’s HQ in
Bandar Utama and other offices are currently rented and in view of future
expansion, MyEG would require bigger premises to house its operations. The
company will need to get the approval of Bursa and its shareholders.
What We Think
We were surprised by MyEG’s proposal to buy an office building for its new HQ.
We are neutral on this development. We think that the average purchase price
of RM650 per sq ft for the building is fair and in line with market prices.
Post-acquisition, MyEG would be in a net debt position of RM125m (from net
cash of RM25m) or 0.5x net gearing. However, we estimate that the company’s
operating cash flow should be more than RM500m over the next three years,
which is more than sufficient to fund the new HQ. In our view, it makes sense
for MyEG to have its own HQ now. The company will have 3,000 employees by
end-2015 and its staff members are currently located at various rented
premises. We think that it is wise for MyEG to consolidate its operations in one
place for higher productivity and efficiency. Cash flow impact is minimal as the
loan instalment amounts should be similar to the savings from rentals
(estimated RM10m-12m annually).
What You Should Do
We expect investors to react negatively in the near term to this acquisition, as it
is likely to be seen as poor use of capital. However, any resulting share price
weakness would offer investors the opportunity to accumulate.

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It s normal ma, buy n sell

she is cooling of overheated markets

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