As Long as fresh genco, profit can be expected to be good

Armada is a good one

Cost 16 Sen

CIMB buy call target price 70 Sen

I have enough high beta to deliver good performance in a hot market, so I am now looking into Low profile stocks that can’t hurt much in the event that market turns sour

More of “think of safety first, only then return” kind of stocks

Oh no offence taken

These few stocks are indeed quite dinosaur

I pick them because I have already got adequate high potential high beta stocks

recent lousy performance and CPO down cycle provides opportunities to accumulate on the cheap

one day, CPO price will recover

so will profitability

that is why it is a contrarian move

September 2018 quarter lousy result also due to forex loss RM10 mil, land donation RM9 mil

those are not recurrent

In September 2018 quarter, CPO price achieved RM1,872 per MT

Now is RM2,223 per MT

next q should be good

September 2018 quarter commentaries :

Despite the increase in revenue for the current quarter of RM333.5 million as compared to the preceding quarter of RM228.4 million, the group recorded lower profit before tax of RM26.1 million as compared to the preceding quarter of RM31.2 million mainly due to lower CPO sales volume of 26,500 MT and lower average selling price of RM1,872 per MT in the current quarter as compared to 33,000 MT and RM2,173 per MT respectively in the preceding quarter.

只欠 CPO

eggtart you make me hungry... please stop walking around or I will bite you.. slurp

Triple my holding by buying more at 285

70 sen

Still dreaming of warren Buffett ah ? Come join us party

Is it owned by Malakoff ? The article mentioned pawanteh

(2) Malaysia tariff for power concession actually is two tier structure.

Tier one is usually very high. Because the generating companies (gencos) need to service the debts they raised to fund the construction of the plants. Those debts will typically mature by lets' say 10 years. Once they mature, Tier Two will kick in. Tier Two is usually lower because now the gencos only need to serve the interest of equity holders.

Against this backdrop, a logical thing for MMC to do is to list Malakoff shortly before Tier One expires and Tier Two kicks in, which was exactly what they did in 2014. That is why you see Malakoff earnings dropped from RM500 mil in 2014 to RM300 now in 2018.

That is the reason why Malakoff 's earning now is so weak compared to fresh genco like Jaks' Vietnam IPP.

I hope you are happy with my explanations.

two reasons :

(1) in 2007 (you were probably sitting for SRP) , MMC took Malakoff private through a Leveraged Buyout (LBO).

https://www.thestar.com.my/business/business-news/2006/05/16/mmc-set-to-take-malakoff-private/

Basically MMC made use of Malakoff power subsidiaries' free cash flow to raise a bond that raise cash to be distributed to Malakoff minority shareholders as consideration. Those bonds will never really expire. When closed to maturity, they will be refinanced, and the cash raised will be distributed to MMC (everybody loves cash). And then those bonds will be serviced again by malakoff power subsidiaries future Free cash flow.

This is the standard practice. That is why the bulk of Malakoff's profit goes now to service interest payment. In other words, Malakoff's' low profitability is not because the power subsidiaries are not generating high return, as you incorrectly assumed. It is because there are two layers of debts there sucking out most of the profit. One level at gencos (generating companies) and one level at corporate

This is point number one. Please read on for point (2) below

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Posted by newbie8080 > Jan 18, 2019 11:09 AM | Report Abuse

@ Icon8888

Malakoff currently earns net profit around RM230mil in last 4 quarters.

How J@K$ can earn that much since it has only 1 power plant(1,200MW) as compared to Malakoff's 10 power plant(Total=7000MW) & 5 water desalination plant????

it will happen before you know it

all it takes is for equity market to remain ok, then come end February BIMB announced good result, the stock will climb to lets say 4.20

what price will BIMB-WA be ? 30 sen ? 35 sen ? 40 sen ?

those selling now at 18 sen ARE EXTREMELY UNWISE

THEY WILL REGRET IT

=====

Posted by samyew1234 > Jan 18, 2019 01:03 PM | Report Abuse

20 cents coming


samyew1234
926 posts
Posted by samyew1234 > Jan 18, 2019 01:03 PM | Report Abuse

then 25 cents

Every laggard will have its day

When it happens , 兵败如山倒

Don't be so sure about ekovest

There is a risk that the government will force them to reduce profit margin for the new highway

This is in line with PH government policy of making toll rate affordable

you can monitor it by checking your portfolio

but don't look at it at the trading screen flashing green and red, very bad, will tempt you to do all kind of stupid things

paperplane taught me this

dumb dumb hold don't look at it, go and do your chores

then it will move up very fast

a typical example of tailor making opinion based on sentiment

instead of being guided by fundamentals, people turn bearish when price is bearish, turn bullish when price is bullish

a very common shortcoming among i3 members

almost 99% are like that : lack of independent thinking



Posted by KLCI King > Jan 12, 2019 12:11 AM | Report Abuse

Rapid KL management is mostly changed entirely after the GE14, all projects talks from Rapid KL are halted, according to my source closed to RapidKL.

Just apply the same concept to all other Government Departments/Agencies/Companies. Can AWC continue to get government projects based on open tender basis? You guess it.

Unless AWC can speed up/grow its other divisions to off set the future falling of its government projects, or else, its revenue & profits will be at its best as what it was for past 2 years.

It means, future potential = doubt.

That's my 2 cent opinion, and I stay away from all government-related business companies, not worth to argue & won't reply.

Good luck.

I am in

contrarian

and PB forecast DPS jumps to 30 sen next year

slurp

Can aim higher

RM4 by year end

Sometime no need to think too much. Just dumb dumb hold

To be honest my stake not big so I don't mind if it is not very sexy

it is a matter of managing cashflow mah

at 29 I finally settle down on a job that has good prospects so I know repayment not a problem

that time market happened to be bearish so I didn't want to wait for capital accumulation

it all worked out well

28 I started punting with 1.4k

29 I drew down credit card cash advance 15k to punt the market, 18% interest rate per annum

Yes under its 25% associate company

I think it is cheap

So if it moves , no harm jump in, right ?

Bought more at 80 Sen this morning

Average now 75

董明珠 is my hero

https://cdn1.i3investor.com/my/files/st88k/5983_MBMR/pt/MIDF/5983_MBMR_MIDF_2019-01-16_BUY_3.80_MBM%20Resources%20-%20Cheapest%20Proxy%20to%20Perodua%20TIV%20Expansion_-303948875.pdf

Market hot mah

Could be both of us. Sometime him sometime me

By Year end I will dump it down to 1 Sen

Just a plan


Icon8888 said he was the one did the odd lot... But kite bro also claim by him. So confused
16/01/2019 15:10

I started investing 28 also !

My portfolio 35 Malaysia stocks

2 foreign stocks : Taiwan semicon and Nvidia

11 Jan 2019
500,000
Acquired Direct Interest
Name of registered holder Ang Lam Poah

Description of "Others" Type of Transaction
2 14 Jan 2019
300,000
Acquired Direct Interest
Name of registered holder. Ang Lam Poah

good, get it over and done with

lets move on

==============


This announcement is made by JRB pursuant to paragraph 9.03 of the Listing Requirement.

Reference is made to the Company’s announcement on 7 January 2019 and the Board of Directors of the Company wishes to inform that after the dismissal by the Federal Court of JAKS Island Circle Sdn Bhd (“JIC”)’s application and after consultation with its legal advisors, JIC has released the payment on the bank guarantee of RM50.0 million to STAR on 9 January 2019. As JRB has 51% equity interest in JIC, RM25.5 million will be charged off in the financial statements of JRB Group for the quarter ended 31 December 2018.

This announcement is dated 16 January 2019.

wah our portfolio very similar woh

Lctitan, hlind , oriental, sam

I bought at 42

Sold at 62

I walk out of the door, never look back

Talk no use

Must be able to win real battles

We are blood brothers

When the whole world abandon me, only qqq3 and musangking stand by me

Whoever makes money in the market is the winner. Talk no use

(Warren Buffett , Omaha, Dec 2018)

This stock is my big mama

It moves I huat

Positive of course

seriously, nobody knows

bet a bit, no harm