yes, alam will still move up...

up now, should sell now or later?

will go up

us drop, what about market here?

looks like have to steer clear of EnO until further updates

civil servants are here to stay, and they will buy property and houses with loans from MBSB

more good news to come, buy or sell, price will still fly high.

everything to gain, nothing to lose.

Go after the mother share.

thanks bro kcChongnz. Sori, I missed your earlier update of March 5th, at that time Ivory did not come under radar.
True, a lemon is a lemon....

extract from Kiasutrader, dd 28th May 2013:
Alam Maritim (AMRB)’s 1QFY13 results whizzed past our and consensus estimates. More upside surprises are likely if the company secures more IRM and OIC contracts. We continue to like AMRB’s stable outlook and improving earnings visibility. Maintain BUY, but at a higher revised FV of MYR1.65 (from MYR1.25), pegged to 14x FY14 EPS (previously 13x FY13 EPS).

Above estimates. AMRB’s 1QFY13 earnings of MYR22.2m exceeded forecasts, making up 29.1% of our and 28.5% of consensus’ full-year estimates. Revenue across its three divisions of offshore supply vessel (OSV), offshore installation and construction (OIC) and subsea improved significantly, resulting in an overall 68.6% y-o-y revenue surge.....

Pls go read the whole article.

yes either way, MBSB is very OK!

so many eager buyers for GPckt and price will go skyhigh, not only TM. Better to buy in now..

sure other plans after cash disbursement, waiting for Goldis management to announce

merger game heating up!

1.46

bro Kcchongnz, thank you very much on the Mercury update. Properties now heating up, and lighted on Ivory. What do you think of this counter? thanks for your feedback.

at 1.45, price already shoot up, I will wait to go in

now time for GPacket to shoot up.

ok to go in, price already up by 10cents ?

Gpacket's turn to shoot up...

Hi KcChong, any possibility you can comment on Mercury?
thanks very much.

disappointing!

count me in pls

buy now or still wait?

can go down somemore?

yes, bought at 2.88

strong buying, am going in now at 0.88+

can start buy in again now?

buy when others profit taking

naga2013, you are absolutely correct in call to open the 30%IGB stake to tender, that way the returns will even be higher. The watchdog minority interests should be invited to investigate the management's decision. Similar situation as the MBFH case where the takeover price was readjusted higher.

Extract from Alex Lu: Looking back, we could have said that Adventa at RM1.92-1.93 was fairly attractive as it has a cash backing of RM2.10 [from the sale of its rubber glove business] plus the Excluded Business consisting of Sun Healthcare (M) S.B. and Electron Beam S.B.
After the payout of RM1.70 per share, Adventa would have a cash backing of RM0.40 per share & the Excluded Business consisting of Sun Healthcare (M) S.B. and Electron Beam S.B.

PureBull, I have always found your postings interesting. Would you be kind enough to accept me in your group? Agree with passerby: some people really sincerely share their picks & i think Purebull is one of them.
thank you.

extract CIMB Research:
Thanks to its strong growth and good qualities, MBSB has been attracting strong buying interest with its share price up by 41.2% YTD. Still, its FY14 P/E remains attractive at 7.4x (based on consensus). We like MBSB for its 1) swift loan growth, 2) superior margin, 3) high ROE, and 4) improving asset quality. Assuming a 10-20% discount to Malaysian banks‟ CY14 P/E of 11.4x, the target P/E for MBSB could be between 9.1x and 10.3x. Applying this to the consensus FY14 EPS of 40 sen for MBSB, the stock could be valued at RM3.66-4.12.


We like MBSB for its 1) swift loan growth, 2) superior margin, 3) high ROE, and 4) improving asset quality. Assuming a 10-20% discount to Malaysian banks' CY14 P/E of 11.4x, the target P/E for MBSB could be between 9.1x and 10.3x. Applying this to the consensus FY14 EPS of 40 sen for MBSB, the stock could be valued at RM3.66-4.12.

Source: AmeSecurities- MBSB’s closest competitor is Bank Rakyat, which is a dominant player in the personal financing domestic market. In FY07, Bank Rakyat’s personal loan book was at RM22bil, which was close to where MBSB’s current personal loan size is currently, at RM20bil as at endMarch 2013. Just on the RM22bil personal loan size alone, Bank Rakyat’s net earnings hit RM679mil in FY07, vs. RM562mil in FY06. In the following year, Bank Rakyat’s net earnings leaped to RM1.1bil in FY08.

- MBSB has hinted at the likelihood of a rights issue in the immediate term. We have now reflected a rights issue in our forecasts. We have assumed a rights issue on a 7-rights-for-5-shares basis, at RM1.15/rights share. ROE remains strong at above 20% for FY13F with the rights issue. We believe the company may possibly consider a higher dividend payout. We have revised upwards ourdividend forecasts, translating into net DPS yield of 4.5% FY13F, 5.1% FY14F and 6.1% FY 15F.

- We expect the following new fundamental rerating catalysts for MBSB:- (a) sustained NIM in its upcoming quarterly net earnings; (b) strong net interest income; (c) low impaired loans from its new business; (d) generous dividend yield; (e) new record net earnings of at least RM600mil for FY13F.

Source: AmeSecurities

market moving up, time also for Adventa.

Goldis unit gets China concession
Goldis Bhd’s Singaporean unit Crest Spring Pte Ltd has signed a build, operate and transfer (BOT) concession agreement with Yantai Economic and Technical Development Zone City Management and Environmental Protection Bureau to undertake a sewage treatment plant concession in Shandong province, China. In a filing with Bursa, the company said a project company, with a capital of RM15mil, would be established to undertake the upgrading and expansion of the existing sewage treatment plant in Yantai Economic Development Zone, operated by its other subsidiary, Yantai Xin Cheng Wastewater Treatment Co Ltd. (Source: The Star)

price moving up..

looks like Paul Low has given up the fight when he accepted the cabinet position and said he has no power ...his colleagues at TI-M must feel betrayed.

it's a money making concern

it's strange, TI declined to be part of the GE13 process. Now Paul Low has agreed to be a cabinet minister without being elected. He could have made a bigger and better contribution as an independent voice; let's see how he judges himself, and the people will also judge him in return.

MPHB price too high to go in now?

where does it say we can get back 98sen after capital repayment, and when can get back? I read only the offer for sale of 1 MPHBC for every existing 2 MPHB ? pls clarify, thanks.

yes, cash distribution 1.72 after dispose IGB stake, and we still own Goldis shares after.

TP is above 3.20, should reach there soon...

when a bet is publicly made, both sides have to honour the challenge and both being gentlemen, when the deadline is reached, let's see a good closing.

Ooi Teik Bee, there was a challenge to you from Rupert that if the closing price on 10 May 2013 5pm <= 0.52, he wins, if more than 0.52 OTB wins. Is this bet still on? Wait until 5pm? What happens then?

I like the idea of special dividends to shareholders :)

adventa is really cash rich

Extract from the proposed distribution plan:
FUTURE PROSPECTS OF GOLDIS GROUP
Moving forward, IGB would cease to be an associated company of Goldis and Goldis would no longer account for any contribution from IGB to its earnings.
Notwithstanding the latter,the Goldis Group continues to hold property investment and private equity investments which are
contributing positively to the Goldis Group’s earnings, such as GTower which has a high occupancy rate of more than 90%, as well as its investment in other businesses such as the information and communication technology, waste water treatment and food and beverage.
In addition,the Goldis Group will continue to evaluate potential investments in line with its strategy to further expand and grow the Goldis Group and to create sustainable returns on its investment to its shareholders.