No matter how, Fajar still got RM925 mil construction projects and 2 property projects worth RM730 mil (Puchong & Sentul) to be launched next few months. We looked at these 2 property projects, the main contractors of these 2 property projects are Fajar subsidiaries construction company, so it can generate higher margin for Fajar. RM730 mil can generate net profit RM73 mil (estimated 10% net profit or may be even more) with EPS 38sen. Whatever loss in FY2012 can cover easly by this margin. Fajar has changed his strategy where construction & property sectors work together to generate higher margin for the group. So I planned to buy in more when price drop further.

Gold price go back to above USD1,700 currently closed at USD1,711.62. Tomei's 3Q 2012 will be better compare to Q2 2012 due to bulan puasa in July & Aug. Tomei recorded EPS 7.54sen Q3 2011. Any comments ?

euscilyn, I give you an idea. To decide whether buy Hua Yang before ex-bonus or after ex-bonus, you have to study the market trend a few days before ex. If market is in uptrend, the price probably be up after ex otherwise you better buy it after ex. However, all these depend on market investment climate after ex date.

euscilyn, do not ask people when should buy in or sell out. Make your own decision. Nobody will know when is the correct time to buy in or sell out.

Very close to its IPO price.

I agreed. FGV will drop to below IPO price soon.

online trading's brokage rate as low as 0.1% with min RM8 compare to traditional trading 0.7% with min RM40, which one is better?

euscilyn, luckly you didn't buy Hua Yang yesterday. You will save some money if you buy at RM1.85 now compare to yesterday's price at RM2.02 although you can receive RM112.50 (after less tax).

euscilyn and jantzen: regarding the dvidend issue, you just fill up the info in Hk3 based on the dividend slip that you had received. You no need to show the original dividend slips to income tax officers unless they request you to do so. The refund will be received within 2 months. For bonus issue, the reference price of the counter will be adjusted and Earning per share (EPS) of the counter will be affected too. So don't be happy if a counter declare bonus issue.

FAVCO received purchase orders for 2011 & 2012 :
17/02/11=123.2 mil
12/04/11= 89.5 mil
19/05/11= 50.3 mil
09/06/11= 70.3 mil
27/07/11= 79.3 mil
04/08/11= 93.4 mil
19/12/11= 72.3 mil
Total in 2011 = RM 578.3 mil (contribute to FY2011, FY2012 and FY2013)

05/04/12=102.1 mil
18/05/12= 60.1 mil
25/06/12= 71.5 mil
08/08/12=110.4 mil
04/09/12= 89.6 mil
Total in 2012(so far) = RM433.7 mil (contribute to FY2012, FY2013 and 2014)

euscilyn, you are very new to the market. You have to learn how market practice with dividend declare, bonus issue, right issue and etc. All these will affect the reference price of a counter. If you are not a income tax payer, and you wanna enjoy the dividend issue, you better buy counters with dividend tax-exampted because you will unable to claim back the 25% tax dividend. So Hua Yang case, Gross dividend was RM150/1.000 unit, but the netpay was RM112.50 only (less income tax RM37.50). You can claim back RM37.50 in HK3 when you submit borang B/BE.

Today closing price was RM2.02. If you buy today, you can get RM112.50/1,000 unit of Hua Yang's dividend (after 25% less tax). Tomorrow the reference price will be RM1.87, it will be better if you can buy at this price.

Dato' Ir. Low Keng Kok has disposed 2mil units n Aug and transfer 4.1mil units to Dato' Sri Ir. Kuan Peng Soon. We don't know the story behind this transaction, but one thing be sure is the other major shareholders is still holding the company's share.

Result not that bad. Thanks to Property's contribution. Sharply decrease from Plantation's contribution.

According to the company's announcement, the drop in revenue in the current quarter was due to deferment in site possession and the delay in handover of full work areas for 4 awarded projects as well as slower progress at site for several construction contracts undertaken by the group. The group has uncomplete construction project of RM925mil and going to be launched the property projects in Puchong (RM500mil) in 2nd half of 2012 and Sentul (RM203mil) in 2013, so all these will contribute positively to the group in the next financial year.

I do agreed Hap Seng is a fundalmental stock and for long term it worth to be invested, but Q2 2012 result will be not so good compare to Q2 2011. This is my point of view and we wait and see.

If you talking about the harvesting of palm oil, I have you the figures. Q2 2011 (Apr+May+June)total FFB=199,805ton, CPO=45,055ton, PK=10,387ton and Q2 2012 total FFB=133,118, CPO=30,688, PK=6,781ton. FBB drop 33%, CPO drop 32% and PK drop 35%. Furthermore, CPO price just getting up recently, not in Q2 2012. Please compare average CPO price Q2 2011 (RM3,300) and Q2 2012 (RM3,000). With this figures, do you think Hap Seng will get good result in Q2 2012 compare to Q2 2011?

Yes, you are right. They have very diversified biz, but if you look at Q1 2012 Result, plantation sector occupied 37% (RM59Mil) of the Profit before tax (RM158Mil). Property 35% (RM56Mil) and credit financing 13%, Fertilizer trading 9% and others 6%. For Q2 2012, almost all the palm oil companies profit drop 50% or even more. Just imagine if Hap Seng plantation sector profit drop to below RM30Mil from RM59Mil...

所以我很不喜欢阿南达这个人，他就是喜欢玩上市，下市，然后又上市。所以他的公司我从来不买。MAXIS重新上市了，最近ASTRO又要重新上市了，接下来还有.....

若要投资没失误，各位要仔细阅读年报，特别是Profit & Loss, Balance Sheet及 Cashflow这几项。有些公司呈报年年赚大钱，股息却给少许，NTA越来越高，有得看没得吃，那你们就要小心，他可能是下一个Tranmil或Megan了。

I don't think so. Their 2Q profiit going to be drop especially HSP Plant as you can see almost all the palm oil companies profit drop.

I agreed with KC Loh. palm oil companies will get better result in Q3 2012 as the production of FFB and CPO price are in the uptrend.

Favco just declare 6sen dividen 13/07/12 and paid on 10/08/12. I don't think they will declare dividen again later this year.

Ivory RM10bil project was approved by DAP Penang government. If DAP lost in Penang, then Ivory may have big problem.

If you all wanna invest in plantation company, why not consider TDM? Currently TDM already drop from year high of RM5.00 to RM3.90 yesterday due to poor result in 2Q 2012. Poor result in Q2 2012 was due to low FFB, CPO and PK production and low CPO price during that period. I have noticed the FFB, CPO & PK production in July 2012 was sharply increased compare to June 2012. If Aug and Sept can maintain the output like July plus the CPo price increase in 3Q 2012, I can foresee the result in Q3 2012 was excellent.

you all still remember that Kretam major share holder has acquired 2 companies that belong to the major share holder (abedon & green edible oil) worth RM511Mil. I think this is not a good deal. These 2 companies didn't contribute too much to Kretam.

cold eye just talk about Zhulian today, his portfolio already added RM56,000.