Hi, Can i know where did you get the orderbook amount of RM700mil +=

Well, If the upcoming QRs do not perform (because it has achieved its maximum capacity for its aerospace segment) as what the investors are expecting, then share price might just collapse.

Disclosure: i am very sure they will remain profitable. But with a PE of 15x and ICULS outstanding, surely investors are expecting a good growth, atleast a growth rate > a company that is currently at its maximum capacity.

Anyway, just my opinion. Dont have to bother with my opinion.
But, i do agree it is a fundamentally sounds company, with strong shareholder profile, balance sheet and dividend yield, just that i remain alittle bit neutral before the commencement of upcoming expansion :)

While i believe SAM Engineering is still a very good fundamental company with relatively decent valuations, I think it was reported that they have already achieved maximum capacity for their aerospace segment.

Current order book stands at RM3.5 billion. They are currently expanding their capacity, which it expected to complete at the end of 2017. Until the completion of the capacity expansion to further absorb the order book at a faster pace, i do not foresee any jump in profit for the upcoming few quarters.

Hopefully can accumulate at a lower price sometime in the future before the commencement of the new factory!

Primarily involved in designing, developing and manufacturing standard or nonstandard automated equipment, PENTA is poised to take advantage over the rising labor cost theme (Minimum wages)

Notably, more than 60% of their sales are generated outside Malaysia, with most of the receivable denominated in USD.

They have recently acquired a property management company (The company awarded a new property management contract for a developer, whereby the remuneration of the project shall equate to 60% of the net profit generated from the development)-- > Not sure if this is too good to be true tho..

With the PE-ex cash of 9x, P/B OF 1.6x and ROE of 20%.

As i believe the rising labor cost and the adoption of automation are inevitable, i quite like the company, with good numbers, export exposure, and better yet, with good future prospects with respect to its current price tag.

While I believe the cost could be more than USD50/oz, 60.8k oz of gold is equivalent to almost RM320mil worth of gold. (What about phrase 2?)

Also, they currently have 900mil worth of gold inventory (from trading), note that gold price has surged up so much after Brexit (timeframe for the upcoming QR). I believe the upcoming QR should outperform the previous Q. Also, I believe the gold price should continue to go up, looking at the jitters around the world.

Purchase Warrant (0.31 + Exercise price of 0.80) and Sold my original position at (1.17), nailed down a profit of 6sen per share without changing my exposure! Treat it as dividend la.. since no dividend :(

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=73708&name=EA_GA_ATTACHMENTS

SAM is an indirect proxy? SAM supplies to AirBus

http://smr.theedgemarkets.com/article/st-aerospace-wins-770-mil-contracts-incorporates-german-subsidiary-component-manufacturing?utm_source=Singapore+Market+Report&utm_campaign=a7f67cc815-13072016SMR&utm_medium=email&utm_term=0_46b7beec93-a7f67cc815-87407877

ST engineering shares the same major shareholder (Temasek) as SAM. This should further increase SAM aerospace's order book!

clarification: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=73666&name=EA_GA_ATTACHMENTS

WELCOME TO THE BILLION DOLLAR CLUB!

Results coming out either today or tomorrow! Gold inventory has increased significantly --> means they are still not selling their gold yet. While net profit may not be very good, gold mining will continue to enhance the company balance sheet.

In addition, i am quite comfortable with their established sugar bun and pezzo pizza F&B business. Not to mention, Hap Seng as the major shareholder!

HOLD & WAIT

Steady

Still waiting for the conversion of my PA to mother shares.. Gonna take the market price and realize my lost once i got it.
Lesson learnt: no free money in the market! Just lost a bottle of single malt to the shark behind!

If your cost of PA was the peak which is around 11.5sen, your total cost per share (11.5 + 54) should be at today mother share closing price @65.5sen ! Well just hope that storm has gone! I am more than happy to TP at anything above 65.5sen!

Anyone here waiting for his/her conversion of PA? ahaha! Converted mine on last week Thursday!

Anyone here waiting for his/her conversion of PA? ahaha! Converted mine on last week Thursday!

Go promote their new product: http://www.hsib.com.my/Products_Cookies.html
Then they make more money = we make more money :D

I like SAM, KMloong and Liihen! All cash rich and give relatively good dividend :D

Please be reminded that there's no guideline from SC or bursa regarding the liquidation period! While it is very likely that you will get back your investment @73sen, it could potentially take up to 6-8 months, in which case it will lower down your annualized return due to longer holding period!

Ambang Wira (That company that hold the concession agreement) have been making 50-70mil a year since 2011, the new concession contract with yearly amount of RM55mil doesnt look like it will give a big boost to the earning!

Warrant A will expire on next month!
Source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5023825

Cliq is already in the process of liquidation... sorry to all the warrant holders but the warrant will cease to exist soon!

Liquidation in process! Congratulation to all shareholders who entered below cash value with an intention of voting against the QA!

Hi Sherlock, thanks alot for your effort! Anyway, just wondering where did you obtained the information for this part "New concession with higher rate might sign soon"? Especially about the rate revision! Thanks!

Hng33, good pick on UOA! I like them too! Net cash and gives good dividend! but i am quite worry about the sustainability of the revenue in the next few q!

Anyway, good luck to all KSL shareholders! Dont think it will be fantastic, dont get panic! keep for long term :D

Agreed that the upcoming Q4 is full of uncertainties or may even perform badly. However, i see KSL as a safer property choice due to its cash cow, KSL city mall + resort (located 10min away from MY-SING immigration) which parked under property investment, which many would see this as recurring income!

With more than 700k square feet lettable area, it generates around RM70mil a year, and it is currently only valued at RM300mil in the book! WIth a conservative capitalization rate of 8%, it should worth atleast RM875 million!

Not to mention, they have around 2100acres of landbank in Malaysia, with a relatively low gearing!

With a dividend policy of 40% and 9month net profit of RM202 million, assuming a annualized profit of RM269 million, a 40% dividend payout will result in RM107.6 mil or 10.7 sen per shares.

As i am expecting a slower property sales in Q4, and hence a lower 12month net profit as compared to the annualized profit of RM269million.

As such, I am expecting a dividend pay out of atleast 6sen in the upcoming announcement. (Note: KSl has already distributed 2 sen during October for FY2015.)

At the current price of RM1.31, 6 sen is equivalent to 4.58%.

Well, you cant be expecting all picked stocks are on point! However, for the past 1 year, it does have good selection of stocks ---> very good success rate!

Subscribed to them too! it picked IJMP yesterday! lets see!

FYI, CSL has been very cash-rich for quite awhile, and hasnt been distributing dividend since 2013. , hence resulting in an extremely low ROE (around 3%),

Also they are alot china companies out there with cash> market cap since forever, namely XINGQUAN, XIDELANG, etc. (All of them do not declare dividend)

All these red flags have raised my concern about trading China company listed in Bursa.

Please exercise extra cautious when trading the stock of CSL!.
With a market cap of only RM140 million, balance sheet recorded a net cash of more than RM1 billion --> too good to be true?

Assuming the above statement is true, standing from the management perspective, why wouldnt you use RM140mil today to privatize the company and, in turn, own a company with RM1 billion of cash? --> Something fishy?

Bursa Wolf, (Wrong thread, this is for KTC!)
Anyway CLIQ warrant can only be exercised upon the approval+ completion of the proposed acquisition of qualifying asset. On the other hand, the warrant will expire or cease to exists if no acquisition is completed!

For current year-to-date (6months), net profit totaled RM31 million or RM62 million (Annualized profit).

Asumming a div policy of 70%, this equates to RM43.4 million or 50 sen a share (based on 82.32 million shares outstanding).

This will give you a decent 7.8% dividend yield at the current price of RM6.6.

The earning of KSL is backed by its strong recurring income generating from its cash cow KSL City.

It is an integrated commercial development in the city centre of Johor Bahru, comprising KSL City Mall and the five-star KSL Hotel & Resort.Established on 2010, KSL city mall is strategically located 10min away from the Malaysia-Singapore immigration. It has a net lettable area of almost 750k sqft. The mall is currently only valued at RM300mil at book. (KSl currently trading at 0.7 book) The mall generates around RM75 million a year in the form of rental. Using a capitalization method at a conservative rate of 8%, KSl city mall should worth around RM937.5mil, which is almost 3x above the current book value.

For Q3, revenue generated from rental + food & beverage (KSL city mall + hotel ) totaled RM100 mil or RM133 mil (annualized revenue). This should provide a good buttress for the slow-down in property market.

Furthermore, it has a dividend policy of 40%. Together with the strong recurring income, capability to distribute dividend should remain intact.

It is currently trading at only 3.5x PE!

With most of the sales derived from its major shareholder (with 68.5% stake) SAM Singapore, which is, in turn, owned by Temasek Holding (Private) Limited, this should continue to underpin the company future growth!

It is currently sitting on a strong net cash position and (according to 2015 AR), order book stood at RM3b- (should last more than 6 years!)

Most importantly, it is currently trading at 9 times PE and have a TTM dividend yield of almost 5%!

Although the performance is heavily depending on egg, corn and soya bean milk prices, from a long-term perspective, it is the most essential staple in an average Malaysian dining table. Due to its resilient nature and its ability to pass down the cost to consumer, these will mitigate any negative impacts of high feed costs.

Therefore, for any quarter where the feed prices are high, although TS may make lesser revenue or even fall into the red, the ability to pass down the cost will turn TS back to black in the next quarter.

As for the expansion plan, the management is looking to invest in biogas plant (Using chicken manure to generate electricity)- in order to reduce electrical consumption.

It is also wise to compare TS with its competitors: Layhong, QL and HuatLai. As a comparison, most of the competitors are trading at a higher PE and gearing ratio. For the case of LTKM, although it has better fundamentals and valuations, it appeared that the management is gravitating toward landbanking (property) instead of focusing on its core egg business. Hence, if i have to invest in a poultry company today, TS would be the first and only choice