https://m.economictimes.com/markets/stocks/news/time-to-be-worried-about-overvaluations-in-equities-other-assets-jim-rogers/articleshow/108548546.cms
WORRIED ABOUT OVERVALUATION

https://m.economictimes.com/markets/stocks/news/time-to-be-worried-about-overvaluations-in-equities-other-assets-jim-rogers/articleshow/108548546.cms
WORRIED ABOUT OVERVALUATION

https://www.businessinsider.com/recession-4-times-more-likely-than-expansion-david-rosenberg-economy-2024-3

https://www.businessinsider.com/recession-4-times-more-likely-than-expansion-david-rosenberg-economy-2024-3

MY WORRIES
https://news.bitcoin.com/robert-kiyosaki-warns-biggest-bubble-in-history-will-crush-boomers-advises-buying-real-assets-like-bitcoin/

Hi

Waiting for its 1Q results. Scheduled to be announced latest by 31/5/2020.

Anyone got any idea ?

Good

Can start to accumulate.

Pantech : PETRONAS PERPETUAL MAINTENANCE CONTRACTOR AND EQUIPMENT/PARTS SUPPLIER

CORRECTION/UPDATE
KPF ALREADY SOLD 18M SHARES ON 24/7/19.
ALREADY CEASED AS A SUBSTANTIAL SHARE HOLDER.
BALANCE OF SHARE HOLDING IS NOW MUCH LESS < 23M.
MOREOVER EPF HAS BEEN BUYING/ACCUMULATING AND HAS NOW BECAME THE LATEST SUBSTANTIAL SHAREHOLDER

The sole one stop manufacturer/supplier of specialty stainless steel pipes, valves, etc for the Oil & Gas Industry on Malaysia . Also distributes to and represented in 68 overseas countries.
Licenced Maintenance and Upkeep Contractor for Petronas’s oil & gas fields’ drilling platforms as well as for its RM40 billions Saudi Aroma- Petronas PetroChemical Refinery in Pengerang, Johore
(completed and to commence commercial production soon)

Hence Pantech is a very safe, sound and viable proxy to investing in the Oil & Gas Sector as all the O&G companies (plus the Palm Oil Refinery companies) are sourcing their parts from Panech

Strong fundamentals and financials with growing profitabilities, low gearings and consistently high dividend yields.

Future business growth and profit prospects are good especially with the US Govt uplifting of restrictions to its exports to USA effective June (hence will improve sales n profits for its coming 2Q results (June – August) Plus increasing revenue contributions from the up and running operations of the huge Pengarang PetroChemical Plant.
(Petronas is among the top 30 largest share holders)

ASSUMING THE ORIGINAL DEPOSIT WAS RETURNED TO THE J/V CONSORTIUM, 40% HAD TO BE RETURNED TO THE CHINESE J/V CO.

ALSO, IWH'S PORTION OF THE ORIGINAL DEPOSIT WAS LIKELY FROM BANK LOANS WHICH RIGHTLY WOULD HAD TO BE USED TO REPAY THE BANK (SINCE THE J/V PROJECT WAS NEGATED)

ARE WE USING THE CORRECT FIGURE OF RM500M ADDITIONAL AMOUNT THAT THE J/V CONSORTIUM HAS TO PAY FOR THE REVIVED PROJECT ? IT IS ONLY LOGICAL THAT THE ORIGINAL REQUIRED AMOUNT OF RM741M HAS NOT BEEN PAID YET. EVEN IF PAID (THE LAST TIME BEFORE IT WAS CANCELLED) THIS ORIGINAL DEPOSIT MUST HAD ALREADY BEEN RETURNED UPON CANCELLATION.
HENCE IWH HAS TO FORK OUT RM744.6M (60% OF J/V) AND NOT JUST RM30M.

SUCH A HUGE CASH OUTLAY.

IS IT FEASIBLE FOR IWH?

(CORRECT ME IF I AM WRONG)

LEONG HUP SUFFERED LOSSES IN ITS 1ST Q RESULTS?

Recall what the "wise ex-banker said " in the interview :-

Mflour's big growth is in its flour milling business with its 5 mills (in Malaysia its the 2nd largest after Robert Kuok's Federal Flour ) PLUS 2 in Vietnam and 2 in Indonesia.

Mflour's businesses are diversified and that's good

CHICKEN PRICES FLUCTUATES AND ARE SEASONAL. PRICES WILL GO UP AGAIN NEXT MONTH AS WE APPROACH HARI RAYA FESTIVE SEASON.

THE OTHER POSITIVE FACTOR IS THAT FEED MEAL COSTS HAD ALSO COME DOWN THUS REDUCING OPERATING COSTS. (AIDED BY OUR HIGHER RINGGIT AGST USD

Anyway there are no sales of MFLOUR mother shares. Some Directors are only only selling some of their WARRANTS .They have lots of Warrants.

Also they are converting their Iculs to mother
. shares

rihc. You are mistaken.

The Rights issue had already successfully completed last year ( in December 2018 )

Raised about RM285M which had been productively utilised to expand by 3 times the production capacity of its Intergrated Poultry Segment in Lumut Perak.

Currently some shareholders and Directors are only exercising and converting some of their Warrants and Iculs into Mflour mother shares. Such conversions are positive indications of their bullish views in the bright business growth and increasing profitability of Mflour

My positive views :-
(CHOIVO CAPITAL) A conversation with a very wise Ex-Banker
Author: Choivo Capital | Publish date: Sat, 30 Mar 2019, 5:49 AM
Agrees with this ex-banker on his bullish view of Mflour's flour milling business (and I quote)

“Most of MFLOUR’s chickens are sold to Texas and KFC, so they don’t lack demand. The real growth however, for me is going to come from the Flour factory in Vietnam.
Vietnam is very influenced by the French, every morning they eat croissants and baguettes.
There is this dish called Banh Mi that is made using baguettes or croissants. As the country gets richer, they are going to eat more of this.
And to top it off, there is only one other competitor in Vietnam when it comes to flour. So, for me, I’m quite happy with it”.
Aminvest also gave a very good fundamentally based report on 11 March 2019 :-

MALAYAN FLOUR (MFL MK, MFMS.KL) 11 March 2019 POULTRY AND FLOUR

Chicks rule the roost Company report BUY Gan Huey Ling, CFA gan-huey-ling@ambankgroup.com 03 2036 2305 (Initiation)

Note that Mflour have got 2 flour mills in Vietnam (1 each in the North and the South) Plus another 2 flour mills in Indonesia. Both Vietnam and Indonesia have huge populations with good demand for flour for their staple diets.

And Mflour is the 2nd biggest Flour Mill in Malaysia (after Robert Kuoks’s Federal Flour)

Combined with Mflour’s large capacity expansion in its Intergrated Poulty Segment, eg, :-

3x poultry processing capacity to be completed in 1Q of 2019 in phases (As at 31 October 2018, the construction of the additional poultry processing is approximately 83% completed (from 80k birds to 240k birds per day). Running at full capacity of 80k bird in 4Q18.

50% Malaysia fast food restaurant chicken supply come from Mflour (McDonald’s, Texas Chicken, Nando’s and Domino’s Pizza.) (source: CFO mentioned this in BFM interview)
The prospects for Mlour’s business growth and profits are indeed very bright

Sincere thanks to all, to esp Puntters , for all your invaluable contributions on Mflour.
Its exciting growth prospects and potential will be great to watch in the months and years to come. It will be greatly rewarding to all its investors

SUPPORT LINE11h ago
Malayan Flour Mills
Bullish return for Malayan Flour Mills spotted at 200-day SMA
Malayan Flour Mills
________________________________________
• SUPPORT LINE
• Tuesday, 2 Apr 2019
8:00 AM MYT
•
• by fong min yuan

MALAYAN Flour Mills Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png
is gaining momentum as it approaches the 200-day simple moving average (SMA).

this year. Its gradual positive retracement has seen it cross over the 50- and 100-day SMAs in what can be seen as a return to more positive sentiment.

T7Global has got a Factory and land in Serendah engaged in Aerospace business.

The huge RM16B revenues to be generated by the Govt for the Aerospace industry will benefit T7Global.

Additionally, when the ECRL gets the greenlight to go ahead in early April (as indicated by Tun Diam who was invited to go to China to sign the revised agreement ) one of the most important train station stop of the ECRL line will be Serendah.

Double boost for T7Global business and profits

Confession. Did added a bit more (a wee bit only since only a small investor)

Thank you very much for the info and clarification.
Very useful info

Another correction. The Iculs were issued at the cost price of RM0.50 each.

Can be converted to mother shares at the ratio of 1 for 2

Sorry !!

OK. Double check. Correction.

There is no conversion fee set for ICULS.
Just the exchange ratio.

The exercise price is set only for the Warrants.

Alto the warrants and Iculs were issued free the holder must still pay the conversion price besides surrendering them.

If not payable then why set the conversion price ?

This is my understanding

Hope someone can confirm

Smart move by Directors.

Positive as this signify their confidence Mflour's prospects.

Positive bcos their Iculs conversions will bring in more cash flows into Mflour

Directors have both Warrants and Iculs.

They are selling some warrants and then use the sales proceeds to pay/convert their Iculs to mother shares. A positive sign

janetchiam8 Huge Business Catalysts for T7Global and Pantech

1st we have the near completion of our huge Petronas-Saudi Aramco Oil Refinery (RAPID in Pengerang, Johor)
This will provide huge business potential and profits for companies like Pantech (specialty Steel Pipes and other parts for Oil & Gas industries) and T7Global Tanjung Offshore (for its O&G offshore expertise and services)

Now we are going to have 2 more multi billions Oil&Gas projects in Sabah and Johor (per reports below)

Sabah poised to be on world map with RM13 bil petrochemical plant plan
Durie Rainer Fong
-
March 6, 2019 8:21 PM
Burel is a partnership of Swiss, Saudi, Chinese and Malaysian interests.
“Chemicals have become Sabah’s single largest industrial sector going forward,” he said.
Brandtzag said according to a major study by the International Energy Agency (IEA), petrochemicals were becoming the largest driver of global oil demand, ahead of automobiles, planes and trucks.
“Petrochemicals are set to account for more than a third of the growth in world oil demand by 2030, and nearly half the growth by 2050, contributing to the production of nearly seven million barrels of oil a day by then.
“They are also poised to consume an additional 56 billion cubic metres of natural gas by 2030, and 83 billion cubic metres by 2050,” he said.
Newsbreak: Li Ka-shing-backed venture to build STS hub in Johor

Kamarul Azhar
/
The Edge Malaysia

March 04, 2019 17:00 pm +08

A new ship-to-ship (STS) marine gas oil (MGO) and marine fuel oil (MFO) storage and supply hub will be built off the Port of Tanjung Pelepas in southern Johor, say sources familiar with the matter. It is touted to be the largest in the world.
The construction cost of the hub — to be developed by little-known KA Petra Sdn Bhd, partnering Hong Kong tycoon Li Ka-shing’s Hutchison Port Holdings Ltd — is estimated at RM500 million, a Hutchison Port official tells The Edge.
Hutchison Port will have an up to 30% stake in the completed STS hub, the official adds. The project will have a gross development value of RM8 billion to RM12 billion.
07/03/2019 19:43
janetchiam8

Huge Business Catalysts for T7Global and Pantech

1st we have the near completion of our huge Petronas-Saudi Aramco Oil Refinery (RAPID in Pengerang, Johor)
This will provide huge business potential and profits for companies like Pantech (specialty Steel Pipes and other parts for Oil & Gas industries) and T7Global Tanjung Offshore (for its O&G offshore expertise and services)

Now we are going to have 2 more multi billions Oil&Gas projects in Sabah and Johor (per reports below)

Sabah poised to be on world map with RM13 bil petrochemical plant plan
Durie Rainer Fong
-
March 6, 2019 8:21 PM
Burel is a partnership of Swiss, Saudi, Chinese and Malaysian interests.
“Chemicals have become Sabah’s single largest industrial sector going forward,” he said.
Brandtzag said according to a major study by the International Energy Agency (IEA), petrochemicals were becoming the largest driver of global oil demand, ahead of automobiles, planes and trucks.
“Petrochemicals are set to account for more than a third of the growth in world oil demand by 2030, and nearly half the growth by 2050, contributing to the production of nearly seven million barrels of oil a day by then.
“They are also poised to consume an additional 56 billion cubic metres of natural gas by 2030, and 83 billion cubic metres by 2050,” he said.
Newsbreak: Li Ka-shing-backed venture to build STS hub in Johor

Kamarul Azhar
/
The Edge Malaysia

March 04, 2019 17:00 pm +08

A new ship-to-ship (STS) marine gas oil (MGO) and marine fuel oil (MFO) storage and supply hub will be built off the Port of Tanjung Pelepas in southern Johor, say sources familiar with the matter. It is touted to be the largest in the world.
The construction cost of the hub — to be developed by little-known KA Petra Sdn Bhd, partnering Hong Kong tycoon Li Ka-shing’s Hutchison Port Holdings Ltd — is estimated at RM500 million, a Hutchison Port official tells The Edge.
Hutchison Port will have an up to 30% stake in the completed STS hub, the official adds. The project will have a gross development value of RM8 billion to RM12 billion.

Consistently registered profits for many years including 2018.

Petronas is one the Top Shareholders

Joint Venture Petroleum Hups and Supply Base with Petronas
More contracts from Petronas will come

Just got a contract RM150.5M from Petronas to refurbish and upgrade its Kemaman Complex

Recent contracts won include RM197m civil construction jobs in KL from the new PH Federal Govt

Will contribute to increase profitability in the coming quarters

Look at the healthy improved fundamentals and facts :-

• TOTAL REVENUES: is up (increasing to RM1,228M (from Rm960M in 2017)

• CASH HOLDINGS : is up (increasing to RM531M (from RM202m IN 2017)

• FULL YEAR NET PROFITS IS positive at RM9.018m

2018 continues to be profitable.
Fundamentals are strong and prospects for GROWTH are good

Calvin, Thanks for the very comprehensive comparitive analysis.

Provided very important facts and figures to support the solid fundamentals of PANTECH.

Very valuable financial insights of Pantech expertly and honestly presented.

Attested to the solid fundamentals and bright business prospects of Pantech.

All pointing positively towards Pantech having all the merits in fast becoming a leading Oil & Gas related Growth Stock.

Petronas is also in Top 30 of Pantech. Petronas owns 4 million Pantech shares

More than that

Petronas has appointed Pantech to maintain and service the Rapid Refinery in Pengerang

AND this is a perpetual contract which means for forever.

So Pantech has a built in stability that is Rock Solid

OTHER MAJOR INSTITUTIONAL SHAREHOLDERS (IN ADDITION TO PETRONAS)
INCLUDE ROBERT KUOK'S WILMER (GIANT OIL PALM PLANTATION CO) AND
FELDA

PANTECH FAST BECOMING THE OIL & GAS RELATED GROWTH STOCK
PANTECH HAS VERY STRONG FINANCIALS :
• CONSISTENT QUARTERLY PROFITS
•
• LAST 4 QUARTER PROFITS
•
• 1.51 SEN
• 1.46
• 1.90
• 1.51
•
• TOTAL 6.38 SEN
SO PANTECH HAS An earning growth OF 11.9% OR P/E 8.38?

but that is not all

Pantech is also into PROPERTY INVESTMENT ( Investment in Factories, Industrial lands & warehouse )

and NTA has also grown quietly from 74 sen to 78 sen. SO there is a growth of another 4 sen

now add 4 sen to 6.38 = 10.38 sen

then the equation will be

Pantech Earnings Growth (EPS) is 10.38 divides by 53.5 sen or 19.4%

And a P/E of 5.15

SO IN JUST 5 SHORT YEARS YOU CAN DOUBLE YOUR MONEY IN PANTECH!!
CONSISTENTLY PAYING DIVIDENDS

17-Jan-2019 20-Mar-2019 DIVIDEND_SHARE Second interim dividend 1 : 100
24-Oct-2018 27-Dec-2018 DIVIDEND First Interim Dividend RM 0.005
27-Jun-2018 31-Jul-2018 DIVIDEND Final Dividend RM 0.005
26-Jan-2018 28-Mar-2018 DIVIDEND Interim Dividend RM 0.005
24-Oct-2017 27-Dec-2017 DIVIDEND Second interim dividend RM 0.005
26-Jul-2017 27-Sep-2017 DIVIDEND First Interim Dividend RM 0.01
28-Jun-2017 02-Aug-2017 DIVIDEND Final Dividend RM 0.005
12-Jan-2017 29-Mar-2017 DIVIDEND Interim Dividend RM 0.003
05-Dec-2016 19-Dec-2016 BONUS_ISSUE Bonus Issue 1 : 5
05-Dec-2016 19-Dec-2016 BONUS_ISSUE Bonus Issue 1 : 10
18-Oct-2016 29-Nov-2016 DIVIDEND Second interim dividend RM 0.005
21-Jul-2016 28-Sep-2016 DIVIDEND First Interim Dividend RM 0.005
29-Jun-2016 27-Jul-2016 DIVIDEND Final Dividend RM 0.005
29-Jun-2016 27-Jul-2016 DIVIDEND_SHARE Final Dividend 1 : 100
20-Jan-2016 16-Mar-2016 DIVIDEND Interim Dividend RM 0.0050

GOOD NTA
AT 53.5 SEN WITH NTA OF 78 SEN PANTECH IS SELLING AT A NICE 32% DISCOUNT TO NTA WHICH QUALIFIES BEN GRAHAM 30% MARGIN OF SAFETY.
RNAV OF NTA WILL BE MUCH HIGHER WHEN ITS LARGE LANDBANK COMPRISING WHAREHOUSES AND LAND (ESPECIALLY THE ONE NEAR PENGERANG JOHOR ) ARE REVALUED) SEE
PANTECH WAREHOUSE IN BOOMING PENGERANG
refer to ar
10 HS(M) 135, Lot LO129 (1433), Mukim Pantai Timor, District of Pengerang, Johor Darul Takzim
Lot LO129, Kampung Bukit Gelugur, 81600 Pengerang, Johor Darul Takzim
(127,617) Freehold A parcel of industrial land 1,800 – 31.12.2015
PANTECH BOUGHT A FREEHOLD 127,617 sq ft INDUSTRIAL LAND FOR RM1. 8 MILLIONS
THAT IS ONLY RM14.10 per sq ft
(Note: Freehold industrial lands are very rare in Pengerang RAPID. Mostly leasehold. Price anywhere from rm30 psf to Rm100 psf today)
So buying into Pantech is an opportunity to invest into Real Esate in Pengerang at Old book value.
THIS IS ONLY ONE OF PANTECH 10 LISTED ASSETS. AND ALL THE ASSETS ARE INDUSTRIAL & MANY ARE WAREHOUSES. SO GOOD THAT NTA HAS APPRECIATED FROM 74 to 78 sen for a 4 sen gain in one year
SO GOOD THAT PANTECH BOSSES HAVE BOUGHT THE RIGHT INDUSTRIAL LANDS & WAREHOUSES AND AVOIDED SHOPPING MALLS NOW HIT BADLY BY ECOMMERCE

PANTECH FAST BECOMING THE OIL & GAS RELATED GROWTH STOCK

PANTECH’S VAST BUSINESS POTENTIAL DUE TO INCREASINGLY EXPANDING OIL & GAS REFINERIES IN ASIA

(1)PENGERANG RAPID COMPETED: NEXT PHASE WILL BE DOWNSTREAM PETROL CHEMICAL COS, Calvin Tan Research
Author: calvintaneng | Publish date: Fri, 22 Feb 2019, 02:49 PM
________________________________________
With the completion of RAPID The Next Phase Will Be Downstream Petroleum Chemical Companies
ALL THE 300,000 BARRELS OF CRUDE OIL GOING INSIDE THE REFINERY WILL COME OUT AS FINISHED PRODUCTS

PANTECH WILL ALSO BE DOING ROARING BUSINESS

Why is it so?
Answer:
Oil Pipes will connect the finished products to Chemical Industries nearby (INCLUDING THOSE IN SINGAPORE)
See the Success in Singapore
THERE IS
common pipeline corridors to make plant-to-plant transfers easier and more cost efficient.
PIPE LINE CORRIDORS MEAN LOTS AND LOTS OF BUSINESS FOR PANTECH
WITH 30,000 TYPES OF OIL PIPE LINES & VALVES IN PENGERANG ITSELF PANTECH GOING TO DO VERY WELL!!
A BIGGER FACTORY IN PASIR GUDANG ONLY 80 KM AWAY WILL GIVE SUPPORTING NEEDS

LOTS OF BUSINESS MEAN THE FUTURE OF DIALOG & PANTECH LOOK BRIGHT

PANTECH WILL GET PERPETUAL MAINTENANCE JOB FROM PETRONAS FOR ITS OIL PIPES MAINTENANCE

(2)Singapore’s world-class petrochemicals hub in Jurong Island
Needs lots of specialty carbon steel oil/gas pipes and valves to connect to Rapid Refinery

(3)Saudi agrees US$10 billion China refinery deal as crown prince visits
Reuters
-
February 22, 2019 5:34 PM
BEIJING: State-owned oil company Saudi Aramco signed a US$10 billion deal to build a refining and petrochemical complex in China on Friday, as Saudi Crown Prince Mohammed bin Salman wrapped up a two-day trip to Beijing.

(4) & (5) AND ALSO IN INDIA AND PAKISTAN
The Saudi delegation, including top executives from Aramco, arrived on Thursday on an Asia tour that has already seen the kingdom pledged investment of US$20 billion in Pakistan and seek to make additional investments in India’s refining industry.
(CONSOLIDATION OF VARIOUS NEWS/ANNOUNCEMENTS AND WITH FACTS DERIVED FROM CALVINS’ WRITE-UPS. IN ORDER TO FOCUS ON THE VERY BULLISH IMMEDIATE BUSINESS PROSPECTS AND THE VAST EXPANDING MARKETS FOR PANTECH’S PRODUCTS)

Both MRCB and NAIM WILL BE GOOD.

AZRB too

Tq

Thank you. Bro Calvin. A very happy CNY to you and your family.

Thanks again for your very well researched write up on NAIM. Its definitely very undervalued and has lots of prospects and upside potential

I had faithfully invested in it.

GEARING

YOUR calculation is wrong
It's hearing is now REDUCED to a much lower and VERY comfortable 0.22× DOWN FROM PREVIOUS 1.59×
Going to be in net cash after remaining loans which comprised mainly self liquidating REVOLVING CREDIT FACILITIES ARE PAID OFF

But 1Qresults already down and its upcoming 2Q is likely to be weak due to property recession in Malaysia.
Also the Taiwan project had been hit by continuing legal problems . As said its already a 12 year legal issue. Can this be resolved anytime soon?

4Q/FULL YEAR PROFITS TO BE ANNOUNCED NEXT MONTH IS EXPECTED TO BE GOOD.

BUMPER PROFITS = TO HIGHER DIVIDENDS

MBSB HAD ACHIEVED GOOD PROFITS FOR ITS PAST 3 QUARTERS REGISTERING PROFIT INCREASE BY 21%.

ITS 4 Q PROFITS IS EXPECTED TO BE GOOD ESPECIALLY WITH THE PROSPECTS OF SIGNIFICANT ADDITIONAL EXTRAORDINARY INCOME FROM WRITE BACKS FROM ITS LEGACY RM600M IMPAIRMENTS PREVIOUSLY PROVIDED FOR (TO BE DERIVED FROM ITS SALES OF SUCH HARD CORE LOANS) :-


MBSB can enjoy write-backs after disposal of RM600mil bad loans
CORPORATE NEWS
Tues


Read more at https://www.thestar.com.my/business/business-news/2018/06/26/mbsb-done-with-cleanup/#L55mztWHeh6vG0Tq.99
KUALA LUMPUR: Malaysia Building Society Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(MBSB), which has been writing down its bad loans which it claims were legacy lending for more than two years, has finally cleared its books.

The former non-bank lender, which became a full-fledged bank after a merger with Asian Finance Bank Bhd, said that a chunk of RM600mil worth of “hardcore” bad debts would be disposed of by the end of this year.

President and chief executive officer Datuk Seri Ahmad Zaini Othman said that the disposal of the RM600mil tranche of non-performing loans (NPLs), which are legacy loans, would effectively conclude the exercise of cleaning up its books.

“These are hardcore distressed assets to the tune of about RM600mil and this will basically conclude our whole (impairment) programme. We have already provided for it and the sale of the bad debts would allow us to write back some portions,” he told a press conference after its AGM here yesterday.



MBSB third-quarter profit higher by 21%
CORPORATE NEWS
Wednesday, 14 Nov 20


Read more at https://www.thestar.com.my/business/business-news/2018/11/14/mbsb-thirdquarter-profit-higher-by-21/#EtISUC5iuLu4sbP4.99

PETALING JAYA: Malaysia Building Society Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(MBSB) saw a 21% jump in net profit for the third quarter ended Sept 30, due to a lower charge of impairment allowances on loans and financing.

In a filing with Bursa Malaysia yesterday, the group said its impairment allowances for the third quarter decreased by RM65.4mil, driven by favourable forward-looking macroeconomic variables forecast by an external agency applied to the retail portfolio.

TH cutting exposure to stock market
Author: savemalaysia | Publish date: Wed, 12 Dec 2018, 02:13 PM

KUALA LUMPUR: Lembaga Tabung Haji (TH) is targeting to reduce its exposure to the stock market next year, which will see the pilgrim fund divesting a portion of its stakes in 103 listed companies on Bursa Malaysia.

At a half-an-hour press briefing, group managing director and chief executive officer Datuk Seri Zukri Samat said that about half of TH’s assets were in the stock market and that it was targeting to reduce this to 20%.

The mid-sized companies where it has stakes in include Malakoff Corp Bhd, Malaysian Resources Corp Bhd.

TABUNG HAJI HOLDS A SIZEABLE 7.02% OR 303M SHARES IN MRCB

SOME WORRIES

Posted by janetchiam8 > Dec 8, 2018 12:33 AM | Report Abuse X

My personal investment principles are simple and very sound based on which I had managed to avoid many pitfalls and financial losses :

Avoid those with
1) complicated business models
2) poor financials especially companies with high gearings
3) businesses relying on projects/contracts with LONG GESTATION PERIODS
during which many unforeseen and serious business/economic/financial
problems/uncertainties can arise.

Item (3) above is relevant for JAKS

My personal investment principles are simple and very sound based on which I had managed to avoid many pitfalls and financial losses :

Avoid those with
1) complicated business models
2) poor financials especially companies with high gearings
3) businesses relying on projects/contracts with LONG GESTATION PERIODS
during which many unforeseen and serious business/economic/financial
problems/uncertainties can arise.

Item (3) above is relevant for JAKS

3Q RESULTS WILL BE RELEASED THIS WEEK. LATEST BY THIS FRIDAY 30/11/18

CS STEEL BEING A PURE FLAT STEEL MAKER IS IN THE RIGHT SUB-SECTOR OF THE STEEL INDUSTRY. SELLS ITS FLAT STEEL PRODUCTS TO MANUFACTURERS OF MOTOR VEHICLES (THE EXPANDING AUTO SECTOR BEING ITS LARGEST BUYER), AND OTHER CONSUMER PRODUCTS LIKE FRIDGES, WASHING MACHINES, FANS, OVENS, KITCHEN GAS STOVES, STEEL/ALUMINIUM POTS & PANS AND MANY ELECTRICAL / ELECTRONIC PRODUCTS.

WITH MEGA STEEL OPERATIONS DORMANT, CS STEEL IS THE BIGGEST N LEADING MANUFACTURER / VENDOR OF SUCH FLAT STEEL PRODUCTS

Doing some basic fundamentals checking and drawing my very own assumptions and personal conclusions based on CSSteel's financials :-

MANY POSITIVE CATALYSTS INCLUDING :

CASH RICH COMPANY WITH ZERO DEBT/GEARING

CONSISTENT HIGH DIVIDENDS (7 SEN TO 14 SEN YEARLY) / HIGH DIVIDEND STOCK (NOW ONE OF THE HIGHEST DIVIDEND YIELD STOCK)
2017 STARTED TO PAY INTERIM DIVIDENDS (IN RESPONSE TO SUGGESTIONS BY MINORITY SHAREHOLDERS)
POSSIBLE FOR AN INTERIM DIVIDEND TO BE DECLARED WHEN IT RELEASE ITS 3Q RESULTS (FOR FY2018) NEXT WEEK

COURT APPROVAL OBTAINED FOR THE CAPITAL REPAYMENT OF RM139M BY ITS WHOLLY OWNED SUBSIDIARY(DORMANT) TO HOLDING CO. (CS STEEL)
WITH THE ABOVE CASH INFUSION RM139M, CS STEEL’S CASH HOLDING WILL BE OVERFLOWING WITH CASH (present cash holdings 194m + 139m = total cash hoard RM333M)
WE COULD LIKELY GET A CAPITAL REPAYMENT OR A SPECIAL DIVIDEND IN ADDITION TO AN INTERIM D

LARGE RETAINED EARNINGS OF RM399M

CS STEEL IS THE DOMINANT PURE FLAT STEEL MANUFACTURER AND ITS PRODUCTS ARE USED BY MANUFACTURERS OF MOTOR VEHICLES, FRIDGES, WASHING MACHINES, AND ALL CONSUMER PRODUCTS . AS OUR AUTO PRODUCTION HAD INCREASED DURING THE PAST FEW MONTHS RIDING ON BIGGER DEMAND FOR MOTOR VEHICLES (SPURRED ON BY THE 3 MONTH GST CANCELLATION) AND THE RAMPING UP PRODUCTION BY GEELY-PROTON AND WITH MORE INVESTMENTS POURING INTO OUR AUTO SECTOR, PROSPECTS ARE BRIGHT FOR FLAT STEEL PRODUCERS LIKE CS STEEL

Proton invests RM1.2b to expand Tanjung Malim planterak estment Corridor Development chairman by ZUNNUR AL SHAFIQ
By Lizam Ridzuan - October 10, 2018 @ 10:36pm
TANJUNG MALIM, Perak: National automaker Proton Holdings Bhd is investing a further RM1.2 billion here for the expansion of its existing plant to produce new car models.
Proton chairman Datuk Seri Syed Faisal Albar said the expansion is in line with the strategic partnership between Proton and Chinese multinational automotive manufacturing company Geely sealed in 2017.
He said Proton has committed to increase sales and export of cars and this factory in Tanjung Malim will also be the global production hub for Geely's right-hand drive models

(JUST SHARING)