dksh, gtronic and so on all 100% return

must be public invetment bank want to sell the share. there is no research for it.

very soon. every body down but the share is active

yeap

4.29

something is brewing the co

short term is at 8.50

next AEON in the making

See at 10.00

7.03

Start selling again

6.60

6.39

6.68

still buying some just to increase the no of share

bonia dividend today in

no body sell. good

yeap.

6.49. this morning low 6.37

look like no hope for pharma
will drop further unless volume pick up. maybe will up tomorow

still hold but will by more if is drop to 1.60

all the manufacturing sector will be affected and cost will go up again.

because is shariah complicance. but valuation not cheap

director is selling.

noraml lah up and down.

see at 1.25

Maybe VT want to merge with Cosway Pharmacy

6.49

buy dksh, bonia, hovid-wb

so wait for RM12.00 or even higher

yeap. buy more. my cost 2.00

i tell you vincent tan is laughing for who have supported. maybe he is selling. or wait drop below 70 sen than he will take private again.

may reach TP 8.00 1-2 years

pay on august 22, 2013

dividend pay already

Performance Review
B18.
Material Changes in Quarterly Results Compared to The Results of the Immediate Preceding Quarter
B19.
Prospects
B20.
Notes on variance in actual profit and shortfall in profit guarantee
Forthethirdquarter,theGroup’sunauditedrevenueofRM440.8millionwas3.4%highercomparedwithRM426.5millionrecordedinthecorrespondingperiodlastyear.However,theGroup’sprofitbeforetax(PBT)ofRM13.5millionforthequarterunderreviewsawareductioncomparedwithRM28.5millionrecordedinthepreviousyear’scorrespondingquarter,onthebackoflowergrossprofitandhigher operating expenses. Revenueforthenine-monthperiodrosetoRM1.38billion,a3.7%increasefromRM1.33billionforthesameperiodin2012.Thisimprovedrevenuewasattributabletostrongercontributionsfromnon-concessionbusiness,whichincludedtheprivatesectorandGroup’s Indonesian operations.Cumulatively,PBTfortheperiodwasRM60.0millioncomparedwithRM99.1millionforthecorrespondingperiodlastyear.ThiswasduetoreducedordersfromtheconcessionbusinessasaresultofbudgetreviewsbyGovernmenthospitalsandhigherprovisionfordoubtful debts.TheLogisticsandDistributionDivisionpostedalowerPBTofRM10.7millionforthenine-monthperiod,comparedwithRM58.6millionforlastyear’scorrespondingperiod.Thiswasaresultoflowercontributionsfromtheconcessionbusinessandhigherprovisionfor doubtful debts.TheManufacturingDivisionrecordedanincreasedPBTofRM49.3millionforthefirstninemonthscomparedwithRM40.5millioninthepreviousyear’scrrespondingperiod.Thiswasattributabletothehigheroff-takeforin-houseproductswhichledtoincreasedproduction volumes.
Thedisclosurerequirementsforexplanatorynotesforthevarianceofactualprofitaftertaxandnon-controllinginterestandshortfallinprofit guarantee are not applicable.
Inlinewithitslongtermgrowthstrategy,theGroupcontinuestopursueopportunitiestoexpandtointernationalmarkets.Towardsthisend,duringthequarterunderreview,theGroupwasawardedEuropeanUnion(“EU”)certificationforoursmallvolumeinjectablemanufacturingplant.Asaresultofthiscertification,theGroupwilleventuallybeabletoacceptcontractmanufacturingprojectsfrommultinational companies in the EU.
Onthedomesticfront,theGroupiscognisantthatseasonalmarketforcesmayresultindownwardpressureondemand,whichcouldhaveanimpactontheGroup’sperformancefortheremainderoftheyear.Inordertomitigatethis,theGroupwillmaintainprudentriskmanagementpracticesandcontinuouslybuildourcorebusinessesbyimplementingmarketstrategiestomeetstakholders’requirementsand expectations.
TheGroup’srevenueofRM440.8millionforthecurrentquarterunderreviewwasmarginallyhighercomparedwithRM437.6millionintheimmediateprecdingquarter.TheGroupregisteredanincreasedPBTofRM13.5millionforthequarterunderreviewcomparedwithRM9.6 million in the previous quarter, primarily due to improved revenue from the non-concession business.TheLogistics&DistributionDivisionregisteredalossbeforetaxationofRM3.4millioncomparedwithaPBTofRM1.5millionintheimmediate preceding quarter, as a result of higher overheads and provision for doubtful debts.TheManufacturingDivisionrecordedahigherPBTofRM16.9millioncomparedwithRM8.1millioninthequarterunderreview,mainly attributable to higher off-take for in-house products.

so watch out. anything can happen. look like fundamental co is not moving whereas penny stock is charging over.

6.45. no research on it and the share still can go up

6.54.

DKSH, BONIA

ok

In neighbouring Singapore, the government is expanding the capacity of
NEWater from the existing of up to 30% of the nation’s water needs to 55% by
2060, before the expiry of the second agreement in 2061 for water supply from
Malaysia. Engtex could benefit from the sizeable pipe orders in Singapore,
expanding its product range exported to Singapore, on top of the existing
ductile iron pipes and wire mesh supplies to Singapore.

Being: 1) an established pipeline system provider with integrated
manufacturing and distribution arm, 2) a dominant player in the domestic
market who is able to manufacture large diameter mild steel cement lined
(MSCL) pipe, as well as 3) one of two players in the duopolistic ductile iron
(DI) pipe manufacturing in Malaysia, we believe Engtex is poised to benefit
from the pent up demand for MSCL pipes in Malaysia. Despite the share
price appreciating 15.9% since our previous report dated 27 September
2013, we still see value in Engtex as it is trading at an undemanding
forward P/E multiple of 5.1x based on the current share price of
RM1.60/share. Based on target P/E multiple of 6.5x, we arrive at a fair
value of RM2.03/share for Engtex.

trends that Globetronics has bet on.

The current trend it has invested heavily in to build capacity is around the use of sensors in smartphone and tablets, especially proximity sensors to save battery life, and gesture sensors.

“New sensors such as gesture sensors are coming very soon and here we have a very good partner from Switzerland with whom we have co-developed the technology, and herein lies our competitive advantage,” claims Heng.

Globetronics is also claiming to be the first company in the world to integrate the proximity sensor and emitter into a single chip. Apparently, most companies cannot package this into an integrated chip due to limitations in sensitivity and limitations in technology to package it small enough.

But Globetronics has, with its sensor (pic: smart phone sensors on a 8" wafer substrate) being the smallest in the world.

“This is our competitive advantage and is not an easy technology for people to try and take away our market share. That’s why no one can replace us,” claims Heng.

Its efforts in research have not gone unnoticed. MIDA (the Malaysian Investment Development Authority) has granted it an RM20-million (US$6.3-million) Domestic Investment Strategic Fund in 2012, which is claimed via reimbursement.

MIDA is a government agency that promotes the manufacturing and services sectors in Malaysia.

The funding will likely used for enhancing Globetronics’ sensor technologies and smartphone imaging products.

It was not an easy journey. It took 15 months of convincing to get its Swiss customer to co-produce this sensor. Along with the global smartphone customer, “the process has been very demanding, and particularly in terms of them assessing our company systems and people,” says Heng.

But Globetronics has passed all the meticulous tests and is not resting on its laurels. Heng shares that it has a small war-chest of up to US$20 million for a ‘first bite’ to invest in interesting companies.

“So far, we have not seen anything that we have been unable to resist,” he says, eager to emphasise that Globetronics is still as hungry as ever. It will grow via the acquisition method or organically.

For now, with its focus on the LED and sensors market, Globetronics is looking at between 15% and 20% annual growth over the next three to four years.

“We are very confident that we have the right products in the right growing segments. Coupled with that, if we can translate all our major efforts in development and R&D to some new products, the next three to five years will be very exciting for us,” says Heng

http://www.globetronics.com.my/index.php?option=com_content&view=article&id=222:pioneering-semiconductor-player-globetronics-still-hungry&catid=35:press-releasecoverage&Itemid=123

see can reach 1.60

3.00+0.40 = 3.40

will star up or drop

One of the things which I like to do in investment is to do some comparison among the players and have a feel in the stock. Well, the word "feel" sounds scary as it is more of an art rather than a science. There is no PE or any other valuation methods involved. My "feel" is largely successful in picking DKSH and before this blog was up - Digi. When I said feel, DKSH was not going to be a RM200 million company with what they have done. So was Digi after Telenor took over and we started to see good management (especially the early very successful marketing strategy of the yellow man, if you remember), it was not meant to be a RM3 billion company when Maxis was much larger.

Now, that same comparison is I am going to do with Westport. What do I feel as in comparison against Northport (NCB) and PTP (under MMC Corp). What do I feel about it getting listed after so many years? Just note that the listing is a way for the current shareholders to sell part of their shares - parties such as Li Ka Shing's Hutchison, Gnanalingam's family etc.

On business perspective, I really like Westport as you can see from its financial results. I like it for its focus, maybe older (first generation) management. It has however a second generation whom dwells in the largely failed QPR initiative, selling some of their stocks (after first generation did not) but with a good follow through results. Its financial performance does say something as below:



At its market capitalization of around RM8.5 billion, it is trading at slightly below 24x PE and maybe a forward PE of around 21x.

The question is this - Westport with only port operations is worth RM8.5 billion. Against its competitors, NCB which manages Northport (at RM1.7 billion, while also owning Kontena Nasional) while PTP (among the group of companies under MMC Corp) which is now worth around RM7.8 billion). Just for your information MMC Corp besides owning 70% of PTP, these are what it owns.




With that comparison, should Westport be worth RM8.5 billion? Westport is handling around 7 million TEUs while PTP (around 7.7 million TEUs) and Northport (around 3 million TEUs). This shows that Westport is largely efficient as in managing a similar volume versus PTP and with its parent's other very significant holdings, Westport's value alone overwhelms MMC Corp.

One can argue, we should not look at MMC Corp as it never really bother to price its shares to market anyway. One should not look too far beyond the practice in Tradewinds Plantation where it was later delisted with very good delisted price for the buyer.

But what about Northport? It has been a company which has been largely unexciting in terms of share price although over the last few years, dividends were good. Between the management, I would however vote for Westport but should it be priced that highly against Northport?

The sale by owners

This particular IPO by Westport is quite unique as in they do not raise capital, but it was more of a partial sale by its shareholders. My question is that, why? Pump in more money into QPR? Or is it just that they are able to garner a very good price? If that is the case, then at RM8.5 billion, Westport is very fully valued.

Potential

There is still good growth to come out of port operations, but this business is still very competitive. On top of that, the business is also one which needs large capital expenditure which makes me wonder on the non-capital raising thingy through the IPO.




You know what is the other weird thing, the second gen (young - below 40s) sells more than the first gen...(much older - 70 year old). Or could it be not as simple as that?

Just a note, the last few large IPOs in which case the owners have been largely the ones selling rather than raising capital were underperforming against the ones mainly concentrated on capital raising. In investment, I believe in feeding the hungry rather than the fully fed

the question is if there is no revalution than how.