# mc121534 - thanks for the information !

# CT - perhaps you may recall that on 1st Oct both of us have exactly the same number of postings at around 1,200 but since then your active participation in this thread has rocketed to 2,230 which far exceeds mine by 646 (I am at 1,584). Keep up the good work, especially in taking care of the wonderful ladies here !

# mc121534 - it seems you you are very confident in GHL. I will surely include in my radar next week. Thamks !

# CT - so you are in into Willow. Note that this is another stock pick by kcchongnz who has done a splendid job. Just look at his selection which has far outperformed the KLSE as well as trust funds in the last 3 months. My gains in Fibon and Homeritz were indirectly linked to his selections. However I only trade in those counters below RM 1. His other picks like Datasonic and Pintaras are doing exceptionally well too. I reckon he is being followed by even the fund managers. Take another example, I entered FLB on Wednesday at 81 sen and subsequently seek his views on this stock yesterday. His feedback is that it is a good stock to invest and straightaway it shot up to 89 sen yesterday. Having said that do bear in mind that most, if not all of his selections are for long term investment using FA but surprisingly counters like Fibon and Homeritz etc which are normally thinly traded have seen high volumes in recent weeks.

# Good morning to all and Happy Deepavali. Just back from the market. After a hard week's work in the office, or in the site or in the stock market, it's time for us to relax from stress, to renew our trading portfolio and to recharge our energy levels and to be ready for next week's challenging tasks !

sensemaker - every "sentence" of yours makes "sense". And every "sen" it drops provides a buying opportunity. Your logic is much more "sensible" than the tirade group who I reckon is "sending" the wrong signals. All the best !

Good night everyone. Have a nice pleasant week-end though to me I prefer weekdays like what CT says - excitement with the stock market !

choolooi, ya not only I play numbers (small bets only) but I am very good at numbers also since I was young. For numbers less than 1,000 I do not need to use a calculator for additions, subtractions and multiplications. However a bit slow for division. At times my mental maths is faster than someone using a calculator.

scjm3, this is one of the 3 counters in my radar but didn't go in as the price gap at that moment is wide.

CT - I thought your function is with the big tycoons so that you can get some information on Sarawak counters - Naim. CMSB, Dayang, KKB, Scable, Instaco, WTK, SOP etc.

Anyway I reckon you have seen hidden gem's posting where he has tasked you to check out the identities of the other ladies in this thread.

from Kinibiz -

Analysts have reiterated their calls on Tenaga Nasional Bhd (TNB), after the government linked utility company released its financial year 2013 fourth quarter (4Q13) and full year results yesterday.

This is despite TNB’s profits falling in 4Q13 on the back of higher operating expenditure to the tune of RM940.1 million and a RM200 million capacity payment for the Tanjung Bin power plant in the preceding quarter, said a Kenanga Investment Bank (Kenanga) report. TNB’s quarterly earnings were also impacted as TNB made a provision of RM348.9 million provision in 4Q13 to account for the market gas price as it required more than the guaranteed Petronas’ supply of 1,250mmscfd.

Full year results however were very positive for TNB, as it recorded a stronger full year financial performance on the back of favourable exchange rates and fuel costs overall, gas supply resolution (Malacca regasification plant), and was awarded new power plants, said an Public Investment Bank (PIVB) analyst report – as TNB saw its full year ended Aug 31, 2013 net profit grow to RM4.61 billion (RM4.41 billion in FY12) on the back of increased revenue of RM37.13 billion (RM35.85 billion in FY12).

According to the bank backed research house, revenue growth was driven by higher electricity sales; while profits were also helped by lower fuel costs which fell 6.1% year-on-year (y-o-y) to RM14.8 billion from RM15.8 billion in FY12.

power-grid-electricMeanwhile a RHB Investment Bank (RHB Investment) report said that going forward, structural reforms could see the fuel cost pass through (FCPT) formula being implemented as the government recently reiterated its stance on subsidy rationalisation during the Budget 2014 announcement. As this formula would mean that any changes to fuel costs being pushed on to the consumer, TNB will be insulated to a greater degree from the volatility of the market.

Furthermore, the report also noted that the company’s management is also hopeful that there will be a rollout of incentive based regulations and possibly the setting up of a stabilisation fund; should these measures be put into place it will be positive for TNB.

On the back of TNB’s latest earnings results, Kenanga has raised its FY14 ans FY15 earnings assumptions by 3% and 4%, on the back of USD/MYR forex adjusting to RM3.16 and RM3.05 from RM3.00 and RM2.95, the effective tax rate being reduced to 25% from 30% and its issued share base growing from 5.45 billion to 5.64 billion.

Kenanga is maintaining its ‘outperform’ call on TNB, and keeping the stock as its top pick in the power sector, while in line with the earnings upgrade and the understated position of TNB’s issued share base previously, Kenanga is lowering its target price to RM10.45 from RM10.48 previously.

PIVB meanwhile reiterated its ‘outperform’ call with an unchanged target price of RM10.48 based on a discounted cash flow (DCF) model, which implies FY14 price earnings ratio of 14x. The research outfit also highlighted that TNB is likely to be the biggest beneficiary of structural reforms in the power sector and that its valuations are undemanding at this juncture.

Finally RHB Investment maintained the utility giant at ‘buy’, while trimming its FY14-FY15 estimates slightly by 0.5% and 0.6% respectively in light of the recently released results. That being said with structural reforms likely to be instituted soon, RHB Investment says it is revising TNB’s fair value higher to RM10.65 from RM10.13 previously.

Understand swee88. Hopefully the light swill shine next week !

That's what I think. Just a typo error.

swee88, not really funny la. This thread is set up for the purpose of exchanging trading ideas as well as cultivating a sense of friendship amongst the people visiting here. We can also share songs and jokes. Although I am the one who set up the thread (with the help of hello), it is a combined effort with Trustme932, City Trader and Hidden Gem. Thus it is our duty and responsibility to keep track of some statistics. Good effort hidden gem !

A belated welcome to michelle722.

matrix - Hap Seng 1.47 ? Huh ?

CT - GHL also up ma !

Wow- UMWOG 3.15, FLB - 87.5. Hopefully can sustain ! Need money for single malt !

Poh Huat - played before when it was below 50 sen. About breakeven ! Hard to predict. You need to get the experts (TM(#@ or CT) to look at the charts

Agree ! But I am rather conservative. Probably sell at 90 over sen and buy back if drops back !

Handal - another O&G play !

I pun rugi on Menang !

Sorry, Q at 60 sen, not 69.5 ! Now thinking of cancelling order !

Missed Orna. Q at 69.5 sen 1 hour before lunch ta dapat !

Moon - I do not set any specific TP. I just monitor the movement. Probably i will sell around 34 sen and but back on dips. I played a few rounds on this counter !

my trading portfolio today (short to medium term)

Up - FLB, Instaco,
Even - Greenyb, LeeSK, Penta. Tenaga C5. GSB
Down - UMSNGB, Digistar

DFSB just another penny stock in the ACE market. Nothing great but was watching the movement. However some may be a one day play. Use your own discretion.

Sorry, sephiroth, didnt see your earlier posting. I went in at 81 sen before I asked kcchong for his input. I made a bit in the 1st round - 4 sen. Haha !

Great news ! Sephiroth - you got any at a low price !

Watch out for EAH - another wave coming. Also DGSB !

FYI, RHB always set very high TP !

moon - i am still using the old method, 1 lot = 1,000 units.

dagoo - i bought 50 lots earlier. Wanted to increase but held back !

To all Tenaga C5 holders - here's HwangDBS's highlights today :-

Tenaga Nasional; Buy; RM9.43
Price Target: RM10.80; TNB MK
Improving outlook

FY13 core profit within our and market expectations.Beneficiary of subsidy rationalisation and lower coal price. Key catalysts: capacity growth and implementation of fuel cost pass through mechanism. Maintain BUY rating and RM10.80 TP.

dagoome - It's still at 39.5 to 40.0 sen level !

swee88 - I reckon Tenaga C5 is strongly supported at 15 sen - ready to take off anytime. I thought of increasing my stakes this morning but held back.

Christine - probably you are right. about 2 years plus back I bought Daya at 29 sen and averaged all the way down to 19 sen. Average cost was 23 sen. When it moved up I cleared all at an average of 26 sen. Since then I have no more interest in this stock - once bitten twice shy !

TM932, have a pleasant trip to India.

Tessa - I see, thanks !

Anyway I just entered 3 lots of UMWOG at 3.03 - just testing !

TESSA, oops but I thought you mentioned Hot T is an O&G guy (see below)

Posted by TESSA > Nov 1, 2013 08:43 AM | Report Abuse

Hot.t how to get intouch with u. Emails tel nos...anything lol. So that someone can meet up with u. O&g guy working in kl.

Hot T, since you are in the O&G sector, what are your thoughts on UMWOG. It's hovering between 3.00 to 3.05 this morning !

mc, sorry didnt realize you are a lasy. A belated welcome to this thread !

Good morning to all. The DOW is down but major European markets up. Have a profitable trading day ahead.

Free Think - just go read kcchong's postings. He gave his views on PM Corp !

CT - I thought you did not re-enter. Anyway good for you - congrats !

Free Think - No, kcchongnz did his own analysis and bought the stocks and not because of calvin but I have to agree that calvin had done very well in his promotion. He's a super salesman if I may say.

Free Think, yes I saw in one of kcchong's postings that he bought for his family members. But as you know, kc is a long term investor.

CT - ya I recmemebered you make some money on PMCorp but I kalah a bit.

CT - the plunge in in the quarterly results. Bernama's news is for the whole financial year.

swee88 - from Bernama

Tenaga Nasional Bhd has posted a higher net profit of RM4.61 billion for its financial year ended Aug 31, 2013 from RM4.41 billion a year earlier on the back of the strengthening ringgit, higher demand for electricity and lower coal price.

Revenue for the year soared to RM37.13 billion versus RM35.84 billion last year, reflecting a 3.8%unit electricity demand growth in Peninsular Malaysia during the financial year.

Operating expenses rose by 1.8 per cent from the previous year. TNB Chairman Tan Sri Leo Moggie said the pattern of the electricity demand growth in Peninsular Malaysia tracked the growth of the country’s gross domestic product.

“In the medium term, we continue to expect steady electricity demand growth in tandem with the projected economic growth by commercial sectors,” he said at the fourth quarter results announcement today.

For the financial year 2013, TNB announced a total dividend of 25 sen per ordinary share. Savings in electricity generation costs were mainly derived from the lower average coal price during the financial year of US$83.6 per metric tonne as compared to US$103.6 per metric tonne during the last financial year, registering a decline of 19.3 per cent over the 12-month period.