http://www.thestar.com.my/Business/Business-News/2014/04/28/Property-OG-in-RHB-list-Scientex-Tambun-Indah-make-return-to-Top-30-SmallCap-jewels/

RHB 30 JEWELS CAPS,,,PMETAL IS MENTION HERE

http://www.thestar.com.my/Business/Business-News/2014/04/28/Property-OG-in-RHB-list-Scientex-Tambun-Indah-make-return-to-Top-30-SmallCap-jewels/

RHB 30 JEWELS CAPS,,,PMETAL IS MENTION HERE

so long no see uncle, how are you

did you notice how this counter moved today? first forward fast, then retreat back wards,, putting fear into speculators or contra players, do not come near me.. this counter needs genuine investors.. if it just go forward blindly, wow this will attract speculators...directors are also the actors today,,suddenly start selling,to push the counter downwards, to send fear to speculators.. what they are doing actually are healthy for the stock

FROM THE STYLE THE STOCK IS PLAYED NOW,, IS NOT THE SAME LIKE BEFORE.. COUNTER IS BECOMING SMART LIKE CMSB.. CONTRA PLAYERS N SPECULATORS WON T GO NEAR IT ANYMORE LIKE BEFORE.. IT S PUMPING IN FEAR IN THE MIND OF SPECULATORS N CONTRA PLAYERS.. THIS STYLE IS SURELY HEALTHY.. TO ADD TO THIS SCENARIO, SOME DIRECTORS ARE SELLING, SENDING SOME MESSAGES TO SPECULATORS DO NOT COME NEAR IT...IT NEEDS GENUINE INVESTORS.. NOW THIS COUNTER IS BECOMING SMART,, NOT LIKE A MAD DOG LIKE BEFORE..IT S GOOD-------this message i put at 13.08 today

Post removed.Why?

Posted by Cweed > Apr 28, 2014 07:18 PM | Report Abuse

Posted by johnny cash > Apr 28, 2014 07:14 PM | Report Abuse
actually what you are hoping for, worst to happen?
---
Dunno wat 2 expect.... Quite rare, such bad market day...


market looks overbought,,so since 2 news are coming out this week PMI REPORT from china,,,n also the fomc,, so it is the best time to correct the OVERBOUGHT CONDITION... always cannot go high in a straight line,,it s dangerous

thanks you are very helpfull

Posted by Cweed > Apr 28, 2014 07:11 PM | Report Abuse

Johnny cash, r u sure tats d reason 4 d jittery market 2day? Quite rare.... anything else happened that v r not aware of...anyone? Pls exchange real news only? :)


actually what you are hoping for, worst to happen?

CHINA DATA IS COMING OUT ON THURSDAY,,N FOMC IS ON 29 N 30,,,so market is quite jittery to it,,,it s only temporary

KENANGA MONDAY REPORT


Eyes on U.S. FOMC Meeting, Again

The FBMKLCI is expected to continue to trade in a sideway consolidation mode ahead of
the upcoming 3rd U.S. FOMC meeting. Should the next quantitative easing measures be
higher than expected, it could potentially spark off another round of fund outflow from
the emerging markets. The benchmark index is still trapped in the 1,840-1,869 range;
only a breakout from either side could provide a clearer technical picture. Our model
portfolios were mixed last week. On YTD basis, THEMATIC (+481bsp) and GROWTH
portfolios (+463bsp) outpaced the benchmark index, but DIVIDEND YIELD
underperformed the market by 54bsp.
All eyes will be on U.S. FOMC meeting, again. The outcome of the US FOMC meeting,
scheduled to be held on 29th-30th April, is expected to provide some sort of a direction to the
local as well as the global market this week. Market is expecting the Fed to maintain its rate
decision (at 0.25%) but continue with the QE tapering, albeit at a slower pace (USD45b vs.
USD55b in March). Meanwhile, China is scheduled to release its April’s manufacturing PMI
data on Thursday, where consensus is expecting the indicator to come in at 50.4 (vs. 50.3 in
March). Failure to meet with market expectation could lead the market to higher trading
volatility. The benchmark index is expected to continue to be trapped in the sideway
consolidation mode, at between the 1,840 to 1,869 range, before the conclusion of US FOMC
meeting. A clearer technical picture will emerge when the barometer index breaks out from
either side of the range.
A lacklustre week as expected. The local market experienced another tight range trading last
week as the broader market continued to favour rotational plays on the small-cap and penny
stocks rather than the big-cap counters. At last Friday closing bell, FBMKLCI finished at
1,860.98 points (+0.45% WoW). The top three index leaders include CIMB (+1.0% WoW);
PUBLIC BANK (+1.1% WoW); and YTL (+7.2% WoW) while the laggers were MISC (-6.4%
WoW); PCHEM (-1.5% WoW) and SAKP (-1.8% WoW).
Wall Street ended the week with marginal change as the heightened tension in Ukraine took
the shine off the better-than-expected U.S. corporate earnings and M&A-driven gains in both
European and U.S. stocks. U.S. corporate earnings profits are seen rising 2.9% in 1Q14, down
from the 6.5% growth rate estimated at the start of the year, but above the low 0.6%% seen last
week, according to Thomson Reuters data. At last Friday closing bell, the DJIA remained
relatively unchanged WoW at 46,361.50 while the S&P 500 closed flattish at 1,863.40
GROWTH and DIVIDEND YIELD portfolios gaining traction. Two of our model portfolios outperformed
the FBMKLCI last week on a week-on-week basis, with the GROWTH recording 1.1% WoW gain (vs.
+0.45% in the FBMKLCI) followed by the DIVIDEND YIELD (+0.8% WoW). The former was mainly
fuelled by PESTECH (up by +6.6% WoW) and RHBCAP-CR (+4.4%) while the latter was driven by
DIGI (+2.3%) and BJTOTO (1.6%). The THEMATIC portfolio, meanwhile, was merely up by 0.1%, no
thanks to some mild profit-taking activities in TSH (-2.1%). YTD, THEMATIC portfolio continued to
take the lead and registered +6.9% return (vs. +2.1% in the FBMKLCI), followed by GROWTH
(+6.7%) and DIVIDEND YIELD (+1.5%) portfolios.
Total Return
(%)
Key economic events to watch Date Consensus
WoW YTD
FBMKLCI 0.45 2.08 US FOMC Rate Decision – Apr 30 1-May 0.25%
Thematic 0.11 6.89 China Manufacturing PMI – Apr 1-May 50.4
Growth 1.14 6.71 US Change in Nonfarm Payrolls - Apr 2-May 210k
Dividend Yield 0.78 1.54 US Unemployment Rate – Apr 2-May 6.6%

KENANGA MONDAY REPORT


Eyes on U.S. FOMC Meeting, Again

The FBMKLCI is expected to continue to trade in a sideway consolidation mode ahead of
the upcoming 3rd U.S. FOMC meeting. Should the next quantitative easing measures be
higher than expected, it could potentially spark off another round of fund outflow from
the emerging markets. The benchmark index is still trapped in the 1,840-1,869 range;
only a breakout from either side could provide a clearer technical picture. Our model
portfolios were mixed last week. On YTD basis, THEMATIC (+481bsp) and GROWTH
portfolios (+463bsp) outpaced the benchmark index, but DIVIDEND YIELD
underperformed the market by 54bsp.
All eyes will be on U.S. FOMC meeting, again. The outcome of the US FOMC meeting,
scheduled to be held on 29th-30th April, is expected to provide some sort of a direction to the
local as well as the global market this week. Market is expecting the Fed to maintain its rate
decision (at 0.25%) but continue with the QE tapering, albeit at a slower pace (USD45b vs.
USD55b in March). Meanwhile, China is scheduled to release its April’s manufacturing PMI
data on Thursday, where consensus is expecting the indicator to come in at 50.4 (vs. 50.3 in
March). Failure to meet with market expectation could lead the market to higher trading
volatility. The benchmark index is expected to continue to be trapped in the sideway
consolidation mode, at between the 1,840 to 1,869 range, before the conclusion of US FOMC
meeting. A clearer technical picture will emerge when the barometer index breaks out from
either side of the range.
A lacklustre week as expected. The local market experienced another tight range trading last
week as the broader market continued to favour rotational plays on the small-cap and penny
stocks rather than the big-cap counters. At last Friday closing bell, FBMKLCI finished at
1,860.98 points (+0.45% WoW). The top three index leaders include CIMB (+1.0% WoW);
PUBLIC BANK (+1.1% WoW); and YTL (+7.2% WoW) while the laggers were MISC (-6.4%
WoW); PCHEM (-1.5% WoW) and SAKP (-1.8% WoW).
Wall Street ended the week with marginal change as the heightened tension in Ukraine took
the shine off the better-than-expected U.S. corporate earnings and M&A-driven gains in both
European and U.S. stocks. U.S. corporate earnings profits are seen rising 2.9% in 1Q14, down
from the 6.5% growth rate estimated at the start of the year, but above the low 0.6%% seen last
week, according to Thomson Reuters data. At last Friday closing bell, the DJIA remained
relatively unchanged WoW at 46,361.50 while the S&P 500 closed flattish at 1,863.40
GROWTH and DIVIDEND YIELD portfolios gaining traction. Two of our model portfolios outperformed
the FBMKLCI last week on a week-on-week basis, with the GROWTH recording 1.1% WoW gain (vs.
+0.45% in the FBMKLCI) followed by the DIVIDEND YIELD (+0.8% WoW). The former was mainly
fuelled by PESTECH (up by +6.6% WoW) and RHBCAP-CR (+4.4%) while the latter was driven by
DIGI (+2.3%) and BJTOTO (1.6%). The THEMATIC portfolio, meanwhile, was merely up by 0.1%, no
thanks to some mild profit-taking activities in TSH (-2.1%). YTD, THEMATIC portfolio continued to
take the lead and registered +6.9% return (vs. +2.1% in the FBMKLCI), followed by GROWTH
(+6.7%) and DIVIDEND YIELD (+1.5%) portfolios.
Total Return
(%)
Key economic events to watch Date Consensus
WoW YTD
FBMKLCI 0.45 2.08 US FOMC Rate Decision – Apr 30 1-May 0.25%
Thematic 0.11 6.89 China Manufacturing PMI – Apr 1-May 50.4
Growth 1.14 6.71 US Change in Nonfarm Payrolls - Apr 2-May 210k
Dividend Yield 0.78 1.54 US Unemployment Rate – Apr 2-May 6.6%

KENANGA MONDAY REPORT


Eyes on U.S. FOMC Meeting, Again

The FBMKLCI is expected to continue to trade in a sideway consolidation mode ahead of
the upcoming 3rd U.S. FOMC meeting. Should the next quantitative easing measures be
higher than expected, it could potentially spark off another round of fund outflow from
the emerging markets. The benchmark index is still trapped in the 1,840-1,869 range;
only a breakout from either side could provide a clearer technical picture. Our model
portfolios were mixed last week. On YTD basis, THEMATIC (+481bsp) and GROWTH
portfolios (+463bsp) outpaced the benchmark index, but DIVIDEND YIELD
underperformed the market by 54bsp.
All eyes will be on U.S. FOMC meeting, again. The outcome of the US FOMC meeting,
scheduled to be held on 29th-30th April, is expected to provide some sort of a direction to the
local as well as the global market this week. Market is expecting the Fed to maintain its rate
decision (at 0.25%) but continue with the QE tapering, albeit at a slower pace (USD45b vs.
USD55b in March). Meanwhile, China is scheduled to release its April’s manufacturing PMI
data on Thursday, where consensus is expecting the indicator to come in at 50.4 (vs. 50.3 in
March). Failure to meet with market expectation could lead the market to higher trading
volatility. The benchmark index is expected to continue to be trapped in the sideway
consolidation mode, at between the 1,840 to 1,869 range, before the conclusion of US FOMC
meeting. A clearer technical picture will emerge when the barometer index breaks out from
either side of the range.
A lacklustre week as expected. The local market experienced another tight range trading last
week as the broader market continued to favour rotational plays on the small-cap and penny
stocks rather than the big-cap counters. At last Friday closing bell, FBMKLCI finished at
1,860.98 points (+0.45% WoW). The top three index leaders include CIMB (+1.0% WoW);
PUBLIC BANK (+1.1% WoW); and YTL (+7.2% WoW) while the laggers were MISC (-6.4%
WoW); PCHEM (-1.5% WoW) and SAKP (-1.8% WoW).
Wall Street ended the week with marginal change as the heightened tension in Ukraine took
the shine off the better-than-expected U.S. corporate earnings and M&A-driven gains in both
European and U.S. stocks. U.S. corporate earnings profits are seen rising 2.9% in 1Q14, down
from the 6.5% growth rate estimated at the start of the year, but above the low 0.6%% seen last
week, according to Thomson Reuters data. At last Friday closing bell, the DJIA remained
relatively unchanged WoW at 46,361.50 while the S&P 500 closed flattish at 1,863.40
GROWTH and DIVIDEND YIELD portfolios gaining traction. Two of our model portfolios outperformed
the FBMKLCI last week on a week-on-week basis, with the GROWTH recording 1.1% WoW gain (vs.
+0.45% in the FBMKLCI) followed by the DIVIDEND YIELD (+0.8% WoW). The former was mainly
fuelled by PESTECH (up by +6.6% WoW) and RHBCAP-CR (+4.4%) while the latter was driven by
DIGI (+2.3%) and BJTOTO (1.6%). The THEMATIC portfolio, meanwhile, was merely up by 0.1%, no
thanks to some mild profit-taking activities in TSH (-2.1%). YTD, THEMATIC portfolio continued to
take the lead and registered +6.9% return (vs. +2.1% in the FBMKLCI), followed by GROWTH
(+6.7%) and DIVIDEND YIELD (+1.5%) portfolios.
Total Return
(%)
Key economic events to watch Date Consensus
WoW YTD
FBMKLCI 0.45 2.08 US FOMC Rate Decision – Apr 30 1-May 0.25%
Thematic 0.11 6.89 China Manufacturing PMI – Apr 1-May 50.4
Growth 1.14 6.71 US Change in Nonfarm Payrolls - Apr 2-May 210k
Dividend Yield 0.78 1.54 US Unemployment Rate – Apr 2-May 6.6%

CHINA TO RELEASE IT S REPORT ON THURSDAY,,AND FOMC ON 29 N 30... MARKET IS BEHAVING QUITE JITTERY TO IT

KENANGA MONDAY REPORT


Eyes on U.S. FOMC Meeting, Again

The FBMKLCI is expected to continue to trade in a sideway consolidation mode ahead of
the upcoming 3rd U.S. FOMC meeting. Should the next quantitative easing measures be
higher than expected, it could potentially spark off another round of fund outflow from
the emerging markets. The benchmark index is still trapped in the 1,840-1,869 range;
only a breakout from either side could provide a clearer technical picture. Our model
portfolios were mixed last week. On YTD basis, THEMATIC (+481bsp) and GROWTH
portfolios (+463bsp) outpaced the benchmark index, but DIVIDEND YIELD
underperformed the market by 54bsp.
All eyes will be on U.S. FOMC meeting, again. The outcome of the US FOMC meeting,
scheduled to be held on 29th-30th April, is expected to provide some sort of a direction to the
local as well as the global market this week. Market is expecting the Fed to maintain its rate
decision (at 0.25%) but continue with the QE tapering, albeit at a slower pace (USD45b vs.
USD55b in March). Meanwhile, China is scheduled to release its April’s manufacturing PMI
data on Thursday, where consensus is expecting the indicator to come in at 50.4 (vs. 50.3 in
March). Failure to meet with market expectation could lead the market to higher trading
volatility. The benchmark index is expected to continue to be trapped in the sideway
consolidation mode, at between the 1,840 to 1,869 range, before the conclusion of US FOMC
meeting. A clearer technical picture will emerge when the barometer index breaks out from
either side of the range.
A lacklustre week as expected. The local market experienced another tight range trading last
week as the broader market continued to favour rotational plays on the small-cap and penny
stocks rather than the big-cap counters. At last Friday closing bell, FBMKLCI finished at
1,860.98 points (+0.45% WoW). The top three index leaders include CIMB (+1.0% WoW);
PUBLIC BANK (+1.1% WoW); and YTL (+7.2% WoW) while the laggers were MISC (-6.4%
WoW); PCHEM (-1.5% WoW) and SAKP (-1.8% WoW).
Wall Street ended the week with marginal change as the heightened tension in Ukraine took
the shine off the better-than-expected U.S. corporate earnings and M&A-driven gains in both
European and U.S. stocks. U.S. corporate earnings profits are seen rising 2.9% in 1Q14, down
from the 6.5% growth rate estimated at the start of the year, but above the low 0.6%% seen last
week, according to Thomson Reuters data. At last Friday closing bell, the DJIA remained
relatively unchanged WoW at 46,361.50 while the S&P 500 closed flattish at 1,863.40
GROWTH and DIVIDEND YIELD portfolios gaining traction. Two of our model portfolios outperformed
the FBMKLCI last week on a week-on-week basis, with the GROWTH recording 1.1% WoW gain (vs.
+0.45% in the FBMKLCI) followed by the DIVIDEND YIELD (+0.8% WoW). The former was mainly
fuelled by PESTECH (up by +6.6% WoW) and RHBCAP-CR (+4.4%) while the latter was driven by
DIGI (+2.3%) and BJTOTO (1.6%). The THEMATIC portfolio, meanwhile, was merely up by 0.1%, no
thanks to some mild profit-taking activities in TSH (-2.1%). YTD, THEMATIC portfolio continued to
take the lead and registered +6.9% return (vs. +2.1% in the FBMKLCI), followed by GROWTH
(+6.7%) and DIVIDEND YIELD (+1.5%) portfolios.
Total Return
(%)
Key economic events to watch Date Consensus
WoW YTD
FBMKLCI 0.45 2.08 US FOMC Rate Decision – Apr 30 1-May 0.25%
Thematic 0.11 6.89 China Manufacturing PMI – Apr 1-May 50.4
Growth 1.14 6.71 US Change in Nonfarm Payrolls - Apr 2-May 210k
Dividend Yield 0.78 1.54 US Unemployment Rate – Apr 2-May 6.6%

PJBumi (PJSB MK)
Technical BUY with +26.1% potential return
Last price : RM0.345
Target Price : RM0.390, RM0.435
Support : RM0.320
Stop-loss: RM0.315
BUY with a target price of RM0.320 with stop
loss placed below RM0.315. Following a
correction from the recent high of RM0.390,
PJSB’s downward movement was halted upon
meeting the “cloud” as selling pressure has
been continuously absorbed in the last 4 days.
A positive closing above the 50.0% Fibonacci
retracement on the back of the higher trading
volume of 1.2m shares (vs 20-day average of)
recorded last Friday signals the creation of a
new up-leg and thus could advance higher
subsequently. A bullish crossover in both
MACD and Stochastic should, in our view,
translate into an apparent rise in momentum
which will likely contribute to a surge in the
share price in the medium term.

Willowglen MSC (WLW MK)
Technical BUY with +20.7% potential return
Last price : RM0.895
Target Price : RM0.995, RM1.08
Support : RM0.860
Stop-loss: RM0.830
BUY with a target price of RM1.08 with stop
loss placed below RM0.830. WLW’s share
price has been consistently trading above the
rising trendline since 22 Oct and looks set to
accelerate it upward curve following a breakout
from the recent high last Friday. Given the
higher trading volume of 3.7m shares recorded
(vs 20-day average of 1.0m) and a bullish
crossover in MACD, we expect the share price
to nudge higher, backed by surging momentum
as flashed by an uptick in RSI. Moving forward,
WLW is expected to continue its uptrend.
Thus, we peg our upside target at the 1.61x
Fibonacci extension level of RM1.08 over the
medium term.

Oriental Holdings (ORH MK)
Technical BUY with +13.8% potential return
Last price : RM8.00
Target Price: RM8.32, RM9.10
Support : RM7.50
Stop-loss: RM7.48
BUY with a target price of RM9.10 with stop
loss placed below RM7.48. ORH’s share price
has been trading below the medium-term
downtrendline since 22 Oct 13 until it breached
above the “cloud” on 24 Apr 14, suggesting the
end of the previous downward and potentially
the start of a new up-leg. Given the breakout
which marked a positive follow-through last
Friday, we expect the emergence of fresh
buying interest as shown by the higher trading
volume of 0.9m shares (vs 20-day average of
0.36m) to ensure upward continuation
hereafter. Supported by surging momentum as
flashed by positive readings in MACD and
Stochastic, we expect the share price to retest
the previous high of RM9.10 over the medium
term.

FROM THE STYLE THE STOCK IS PLAYED NOW,, IS NOT THE SAME LIKE BEFORE.. COUNTER IS BECOMING SMART LIKE CMSB.. CONTRA PLAYERS N SPECULATORS WON T GO NEAR IT ANYMORE LIKE BEFORE.. IT S PUMPING IN FEAR IN THE MIND OF SPECULATORS N CONTRA PLAYERS.. THIS STYLE IS SURELY HEALTHY.. TO ADD TO THIS SCENARIO, SOME DIRECTORS ARE SELLING, SENDING SOME MESSAGES TO SPECULATORS DO NOT COME NEAR IT...IT NEEDS GENUINE INVESTORS.. NOW THIS COUNTER IS BECOMING SMART,, NOT LIKE A MAD DOG LIKE BEFORE..IT S GOOD

Posted by kcchongnz > Apr 27, 2014 07:46 PM | Report Abuse

Posted by johnny cash > Apr 27, 2014 06:26 PM | Report Abuse

please give a list of this value stocks? is it pintaras only?? do you have other picks? thanks

I wrote a lot about Pintaras Jaya. Seriously I am not peddling the stock. Few see my real intention of trying to educate the fundamentals about true investing here.

What will be my purpose of giving a list of value stocks here? Again not many will understand my real intention of educating people about investing in the psychological aspect. Few bother about the message in the article.




thanks for the reply, i understand now your style on value investing. thanks sir

sorry some can be read some cannot,,i did it fast cause at workplace...uob kay hian report today

HOLD

Current Price RM1.89
Target Price RM2.00
(Previous TP RM1.50)
Upside 5.8%

COMPANY DESCRIPTION
Gadang provides earthwork, civil engineering
services and is involved in construction
projects. The company also has exposure in
the property development and utilities divisions.

GICS sector Construction-
Bloomberg ticker: GADG MK
Shares issued (m): 196.7
Market cap (S$m): 371.7
Market cap (US$m): 113.7
3-mth avg t’over (US$m):

Bloomberg Consensus
Recommendation Buy Sell Hold Valuation Ratios 5/12 5/13 5/14E 5/15E
24/04/2014 50% 0% 50% P/E 7.8 9.1 11.8 7.6
Target Price 2.00 EV/EBIT 8.3 4.4 - -
Upside 6% EV/EBITDA 6.4 3.9 - -
P/S 0.5 0.5 0.7 0.5
Income Statement 5/12 5/13 5/14E 5/15E P/B 0.5 0.7 1.4 1.4
Revenue 246 354 521 752 Div Yield 3.5% - 2.1% 3.3%
Gross Income 43 57
Operating Income 19 30 Profitability Ratios %
Pretax Income 18 31 46 100 Gross Margin 17.3 16.0 - -
Net Income Adjusted* 15 20 32 52 EBITDA Margin 10.2 9.6 - -
EPS Adjusted 0.08 0.10 0.16 0.25 Operating Margin 7.9 8.6 - -
Dividends Per Share 0.02 0.04 0.06 Profit Margin 5.9 5.6 6.1 6.9
Payout Ratio (%) 20 25 25 Return on Assets 3.0 4.1 - -
EBITDA 25 34 Return on Equity 6.1 7.8 11.6 23.7
Peer Comparison Ticker Price @ Market -----PE----- -----P/B----- Yield
24 Apr 14 Cap
(RMm)
FY13F
(x)
FY14F
(x)
FY13F
(x)
FY14F
(x)
FY14F
(%)
Gamuda GAM MK 4.62 10,645 17.5 18.2 2.4 2.2 2.6
IJM IJM MK 6.33 9,095 21.2 20.8 1.6 1.6 2.1
WCT WCTHG MK 2.27 2,468 6.0 12.3 1.2 1.1 4.4
Kim Lun KICB MK 1.65 496 8.7 12.0 1.6 1.4 1.7
Average 13.3 15.8 1.7 1.6 2.7
Gadang GADG MK 1.89 372 25.7 18.7 1.5 1.4 n.a

STOCK IMPACT
 Next key driver would be its Tampoi Land. In Dec 13, Gadang entered into a JV
agreement with Capital City Property Sdn Bhd (CCPSB) to co-develop a site in
Tampoi, Johor Bahru. Gadang would act merely as a landowner in this deal. In
exchange, it would receive RM57.5m (or RM110psf) for the proposed land that is
to be redeveloped and also a GDV share towards the development. Gadang would
receive additional gross GDV proceeds of up to RM324m, or 16.7% of the final
GDV of RM1.8b, which translates to a net gain of about RM219.7m, or 73
sen/share.
 In terms of financial impact, assuming the Jalan Tampoi development is
progressively launched over the next five years, Gadang could recognise RM40m
yearly. However, we have conservatively included these incremental earnings that
will come in from FY15 onwards.
 Unbilled property sales of RM170m. In 2014, the group targets to launch
RM425m worth of properties. These include Jentayu Residensi in Johor, The Vyne
in Salak South and the PR1MA housing scheme.

EARNINGS REVISION/RISK
 We are maintaining our earnings forecasts for FY14 pending a meeting with
management, but increase our FY15 and FY16 forecasts by 26% and 32%
respectively to include the incremental earnings from the Tampoi land deal.

RECOMMENDATION
 We downgrade the stock to HOLD with a higher target price of RM2.00 after
the recent stellar performance in share price (up by 98% since our initiation in Oct
13). In our new SOTP valuation, we have taken into account the NPV of future
earnings coming from the recently approved JV agreement with CCPSB with
regard to the Jalan Tampoi land. Our target price implies a 8x fully diluted FY15F
PE, on a par with its FY12-13 average forward PE. Entry Price: RM1.80

GADANG SOTP
SOTP RMm RM/share Remarks
Construction 136.0 0.63 Pegged at 8x FY15F construction profit.
Property RNAV 169.8 0.78 50% discount to RNAV.
Concession Assets 45.0 0.21 NPV of water assets and IPP assets.
Jalan Tampoi Land Deal 139.0 0.64 60% discount to NPV.
Warrants Conversion Proceeds 19.669 0.09
Total SOP 509.4
Sharebase 196.7
Warrants 19.7
Enlarged sharebase 216.4
EV/share 2.30
Discount 10%
Target Price (RM) 2.00
Implied PE 8.1

MONEY TALK
GADANG HOLDINGS (GADG MK)
3QFY14: Profit Surge
Gadang recently reported 3QFY14 net profit of RM19.7m, bringing 9MFY14 net profit to
RM35.6m. Earnings were mainly boosted by a surprisingly strong property division. The
company’s construction orderbook remained healthy at about RM1b with an additional
orderbook that is expected to come in from new earthworks packages that we believe
Gadang could win. However, we downgrade the stock to HOLD with a higher target
price of RM2.00 after the recent stellar performance (+98% since our initiation in Oct
13). Entry price: RM1.80.
3QFY14 RESULTS
Year to 31 May (RMm) 3QFY14 2QFY14 qoq % yoy % 9MFY14 yoy %
chg chg chg
Revenue 147.5 141.0 5% 212% 402.0 183%
Construction 110.3 117.2 -6% 203% 317.3 191%
Property 34.2 19.8 73% 431% 73.3 279%

EBIT 28.1 13.0 116% 547% 51.6 296%
PBT 28.5 12.9 121% 668% 51.5 363%
Construction 12.3 6.6 87% 806% 24.4 497%
Property 17.1 4.4 287% 1610% 25.8 763%
PATAMI 19.7 8.5 132% 202% 35.6 162%

Construction pretax margin 11.2% 5.6% 7.7%
Property pretax margin 49.9% 22.3% 35.2%
Source: Bursa, UOB Kay Hian
RESULTS
 Gadang reported 3QFY14 revenue of RM147.5m (+5.0% qoq, >+100% yoy) and
core net profit of RM19.7m (+>132% qoq, +202% yoy). 9MFY14 net profit of
RM35.6m was about 95% of our full-year forecast, which most likely includes
exceptionals that could be driven by the property division that we have yet to
confirm.
 Construction division grew 87% qoq. This quarter, the construction division grew
impressively by 87%, which was mainly due to the recognition of ongoing
construction projects of the MRT Line 1 and the earthworks package in Pengerang.
Construction pretax margins stood healthy at 11.2%, which we believe was due to
greater quantum of recognition of the earthwork projects, which typically carry
higher margins.
 Earnings were also further boosted by higher contribution from its property
development segment. The property development segment’s performance was
mainly driven by the improvement of profit margin for both the commercial and
residential developments of Phase 1 of the Tampoi development.
 Construction orderbook remains healthy at RM1b. Currently, Gadang’s
construction orderbook is mainly led by the MRT construction works, followed by
the construction of the Shah Alam hospital and the Pengerang Earthworks with a
combined orderbook value of about RM1b. Currently, we estimate these
construction jobs would contribute about 6% PBT margin for FY14.
KEY FINANCIALS
Year to 31 May (RMm) 2012 2013 2014F 2015F 2016F
Net turnover 246 354 458 509 657
Operating profit 21 33 46 54 72
Net profit (adj.) 14 20 36 53 68
EPS (sen) 7 10 19 27 34
PE~ (x) 13.0 9.4 5.1 3.5 2.8
P/B (x) 1.2 1.3 1.4 1.7 2.0
Dividend yield (%) 0.8 0.7 0.7 0.6 0.5
Net margin (%) 2.0 3.0 3.0 3.0 3.0
Net debt/(cash) to equity (%) 2.1 3.1 Net cash Net cash Net cash
ROE (%) 17.0 17.8 12.7 9.6 9.7

maintaining 3.50 level

http://nexttrade.blogspot.com/

TAS---------TOP LINE N BOTTOM LINE, SPIKED UP

CAN PMETAL BREAKS STRONG RESISTANCE LEVEL OF 3.65 ??????????

ON FACEBOOK ON SOME RELIABLE SITES, HAD GIVEN PMETAL NEXT BREAKING RESISTANCE LEVEL 3.65...SO CAN IT BREAK IT STRONGLY TODAY?? LET S SEE TODAY OK

Post removed.Why?

Posted by KelvinT > Apr 26, 2014 09:18 PM | Report Abuse

If anyone want to invest in this counter better get in next Monday don't wait until after the Agm meeting because if you wait until after the Agm meeting, I don't think you still able to get it at this price anymore, of course invest at your own risk, good luck everyone.

YES EARLY BUYERS WILL BE SMART,, NEWBIES USUALLY WILL WAIT WAIT N WAIT,, BY THEN TOO LATE, PRICE ALREADY NEAR 4....

https://sites.google.com/site/whatisgoodatklse/1-financials/1-3-best-stocks

BEST STOCKS

https://sites.google.com/site/whatisgoodatklse/5-from-the-analyst/my-daily-watch-list-for-april-2014

Watch-List For April 2014

CHECK CHECK CHECK DAILY PLEASE

like it, it s very helpfull

please give a list of this value stocks? is it pintaras only?? do you have other picks? thanks

https://www.facebook.com/photo.php?fbid=780041748673770&set=a.228820880462529.68340.228799620464655&type=1&theater

Will KEURO (3565) breakout RM1.32 resistance ?

https://www.facebook.com/photo.php?fbid=780469655297646&set=np.85221964.100002496753938&type=1&theater&notif_t=notify_me


INARI (0166) forming ascending triangle pattern ?

https://www.facebook.com/photo.php?fbid=780468741964404&set=np.85221964.100002496753938&type=1&theater&notif_t=notify_me

MUDAJAYA SUPPORT LEVEL 2.59

MUDAJAYA SUPPORT LEVEL 2.59

so the only news coming for this counter,,is earning report in may...i do not think any news on projects is coming? please correct me if i am wrong

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8wpwtmt8-------oh from edge.. thanks for your kind help

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they really want to get out of construction sector, and pay more attention on recurring income business like power sector..margins are high here.. so just be patience guys

actually i am not very negative on this mudajaya.. only at the moment it is on downtrend a little due to sentiment.. slowly things will get back to track, but not soon, it will take some time.. so when it retreat a little, there is already an opportunity to buy.. all this are just temporary sentiments only..rhb given a target price 2.71,,so the counter is adjusting itself.. so directors that bought it above 2.80, will start selling it slowly.. they know it is going down a little.. when going down that does not mean a doomsday for this counter.. slowly CIMB RESEARCH will also publish their reports on mudajaya.. this year is a consolidation time for mudajaya.. that does not means a permanent doomsday for this counter.. sometimes i also get piss out with this counter, because of emotions.. thinking that the market is so bullish other counters are going up and why this ccounter still in deep meditation---mudatidur.. so i do not blame others who are on emotions because i also do go into unbalance emotions sometimes... for mudajaya we have to be very very very patience.. i think it s not easy in doing business with indian business thugs in india.. now just wait for CIMB report...be patience..if any pick up in earnings it will be next year.. that doesn t mean taht this year it is heading towards bancruptcy,,it is just consolidation..

no press metal ha

looking at the trend this counter is moving recently,,it is killing off contra players

http://www.insage.com.my/ir/cmn/NewsAlertInfo.aspx?NewsID=201404253000362&Symbol=5216