This stock is for smart fellow who can see value....Are you smart?

Look at stock pattern for DKSH,Pos Malaysia, Oriental Holdings,Glomac and this will happen to Kfima too.

KCCHONG NZ, dun trust me as I can be a crook. Unless you believe that Kfima's NTA stood at 2.22 and the company is sitting at huge cash pile of RM250 million is fake, otherwise I can say that it will be another MBF Holdings in the making.

sabar sabar dan sabar and you will laugh all the way to the bank...

Fandi,this is the beautiful of value investing plus good timing ...when everyone is fearful be gready....

Agree with you Mr. OOI

Fandi, nothing to shout about. More uptrend tomorrow

Fandi, make sure you got the copyright from the idiot Sharifah. LOL

Do your research by looking at annual report and company website is applaudable but it is not good enough....

Attend the GM is the only way to get the latest update for small shareholder.

As mentioned in the AGM, Kfima will pay at least 10 sen per share nett dividend this year since they have equivalent 10 sen per share of tax credit. If they do not pay by this year, the whole amount will be forfeited.

Would CPO price affect the result performance of Kfima? check their second quarter result announced in Dec 2011 which actually shows 10% increase in profit. Dun ask me why there was such an increase while the other so called plantation company recorded significant drop in profit? If you still think that Kfima is a pure planatation company than good luck to you man.

One can do creative accounting with their profits but it would be very difficult to manipulate their net cash flow. Just check how Kfima able to record good positive net cash flow for the past 5 years then you will know what I mean.

Again, please do not meddle with this stock if you have no confidence at all as there are still many stocks out there.

Do you know better than Mark Mobius whose Templeton Funds( Emerging Asia Equity funds) quietly accumulating this stock since 1.80? Dun ask me where I get the info and I am sure you have way to find it. If being kampung investor I can find the info, then you can do it too.

Please don not waste your valuable time here.

Everyone has their own strategies, so there is no right or wrong.

If one do not comfortable just sell it...

KC and Passerby, I damn love panic selling the more the better so that I can buy more fundamental good stocks. Definetly buy only with your spare cash.

Bought Pos Malaysia 3.38 10,000 shares
Bought Kfima 1.87 10,000 shares
Bought Axia 6.32 10,000 shares

whether erection or election for me is a non issue.

I am still holding on it. Why should I sell?

A lot of people making silly mistakes by comparing current situation with 2008. 2008 was a damn bad year for stock markets for the whole world. This year the stock market in regional still perfoms very well.

Foreign investors have been the net equity buyers with accumulated net purchase of RM2.8 b for the last 3 months only net sold RM1.8m worth of equity yesterday.

The local funds are pushing it down now so they can push it up again for the "feel good factors" before CNY.

Time will proof whether I am right or wrong.

Their MLM is back on track after dismay results for last few quarter. Definetly one of my gem!!!!

Latest,Mark Mobius's Templeton fund also accumulates Kfima.

Uptrend continues. Right on the target.

Uptrend remains intact. Most stocks in the owner's hand.

Same to you bro KC.

This deeply undervaled stock just catching up,nothing to shout about. Corporate exercise intact.

KC ChongNZ, if the guided profit for Kfima for this year is RM80 million, what will be the impact to the NTA and net cash per share of the company. Even if I chop the profit half to RM40 million/year for next few years due to bad economy(very bad case scenario), one can calculate how much is the company worth.

KC ChongNZ, actually with the financial strengh of Kfima & Fima Corp, alot of things the major shareholder can do ...range from Privatisation,M&A and even Bonus Issues that retailer really love. They prefer not to do anything above but as I said the big shark will force them to do so something now.

My next target.....

Tuniamasingh,when time is come you will know.

ChongKongHui,You will not regret holding Kfima.

and I still stay firm with my RM2.80 target and I can wait.

KC Loh and KC Chong NZ,

When I enter the market, I want to make sure that I will make money for 100% sure. It might sound absurd but what is the point entering market when one even have no faith in one stock pick and the end of the day donate the hard earned $$$$$ to Mr.Market?

That is no short cut for that. One must do their own homework fisrt. With some "connection",discipline and little bit of luck, I believe
everyone can do that.

The major shareholder who refuses to do anything at first now realise that they have to do something. When profit keeps increasing that translate in real net cash inflow, the NTA will accelerate accodingly. Even a stupid fellow will tell you that share price will not stay there forever as this will attract the attention of big shark especially with the fact that Kfima is sitting with huge cash pile of RM250 million.

Once they shake out the weak holders, the show time is coming.

For those who wants to play contra, I can say good luck to you.

Again may target is RM2.80. You do not have to trust me.

2.80 is pending corporate exercise target 1-2 months

I still put my target at RM2.80 at least....

Uptrend will continue for sure

No need to guess.... 100% it is coming? Why ? Stay tune

Tuniamasingh,I still stand firm because I know will laugh all the way to the bank.

Another privatised candidate?

Tuniamsingh, sharimng is caring. More to come if you have patience. I still target RM2.80 soon.

Fandi, you understand me very well

If Syed Mohktar privaties TWS because he can see the value that others cannot see....Bahsir family will do the same...Can you see the value while others cannot?

Almost up 8% if you buy yesterday, the best thing is that you do not have to fork up any money at all.

Fandi and all, take half of the profit and let the other half roll.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=H&securityCode=7668

Wow look at Haio's fantastic result...

(1) Net Profit 2 quarter RM16.01m vs RM 7 mil
(2) EPS = 8 sen annualise 32 sen
(3) Announce RM 4sen interim and special RM 2sen
(4) P/e 7 at current price RM2.17
(5) Net Cash RM60 sen per share......

Ha Ha...this ku ku bird hopefully will see a transformation in 2013 and beyond.

Fandi, Hope you will get your best Christmas presents for this year...

Haio going to announce result tonite.

My prediction:-

(1) RM11 million profit (2n quarter this year) vs RM7.8 million (2nd quarter last year)

(2) cash per share 54 sen

(3) Special dividend in the offering? will boast dividend yield to 5.4%

Privatised on card?

They have set the road block at 1.78-1.80, everything within that range they will sapu..What's up Buddy?

When ever Malay shouted " Hidup Melayu", the country is going backward 3 times. Why? slogan very loud but how many grassroot Malay benefited from the so called transformation or DEB programme?

Projects and land given only to the cronies. Are you saying that none of the ordinary Malay can match Sharizat's husband or Syed Mokhtar that every project must be given to them? How to angkat martabat bangsa Melayu if the ordinary Malay is only needed when election is near and will be forgotten when the election is over?

Looking around, Indonesia and Thialand are even ahead of us in many aspects and people still have not waked up. Later Myanmar will take over us. Have youi waked up?

Latest update: Bahsir Family buying at 1.77-1.78...insider buying while outsider selling?

KC, do we have differences? I never remembered that.
If yes, let bygone be bygone.

May be time has come when I should sit down and review my investment strategy. Making huge paper loss is a bitter pill to swallow, frankly speaking.

Just wish you and everyone have a great weekend ahead.

Need to go and pick up my kids now.

No problem Tuniamasingh.You have a good weekend.

Tuniamasingh, do you think that I buy KFIMA because I got inside news from Bahsir Family. Dun be like that, otherwise I will not be sitting at RM6,000 loss until now.

KFima recorded a +9.6% y-o-y revenue increase for 2QFY13 to RM127.8m from RM116.6m in the previous corresponding year. Net profit slipped marginally to RM19.0m (-8.2% y-o-y, +12.4% q-o-q) attributed to lower revenue from palm oil production and processing coupled with declining CPO prices, dampening profit margins. The group‟s YTD performance is in line with our FY13F estimates (9MFY13 YTD 55% revenue, 48% net profit) despite headwinds experienced in the respective divisions.
Our Outperform recommendation with TP of RM3.21, implying forward 5.8x PE multiple is derived by our sum-of-parts valuation with conservative PE multiples for the respective segments.

Manufacturing (+4.1% y-o-y, +4.6% q-o-q) and bulking (+6.3 y-o-y, +13.4% q-o-q) revenues are stable. KFima‟s first and third largest revenue and earnings contributors are expected to maintain previous year‟s performance with slight growth as i.) manufacturing volume increases, but average margin is reduced due to different product mix‟s margin yields, ii.) higher throughput from increased utilisation (current utilisation – 80%) of tanks for mainly edible oil and base oil product. By FY2014, the group will build new storage tanks for extra capacity which would translate to RM2m-RM3m in extra earnings per month for the division.

Unpredictable CPO prices. The plantation division is earning good profit margins (27% for this quarter) but due to lower CPO prices however, the “optimum” historical highs were not met. KFima‟s Indonesian subsidiary moreover only sold 19,939mt of CPO YTD with no crude palm kernel oil (CPKO) compared with 19,813mt CPO and 2,489mt of CPKO sold last year. Average net CIF selling price of CPO decreased -15.6% to RM2,421/mt from RM2,869/mt YTD causing the shortfall for the division. KFima has actually sold more CPO this year, but as profit is purely determined by CPO‟s market price, the outlook of this division depends on a favourable price scenario. The group continues to acquire palm oil lands which would expand the division‟s contributions in the near-term.

Canned tuna to take-off by 1QFY14. The division is taking on new tuna canning orders from Europe. By 1QFY2014, RM6m to RM7m of revenue is expected, with potential RM20m sales per quarter as of 4QFY14 onwards (operating at c. 30% capacity). We are estimating additional c.80% revenue for the group based on these new orders.

Still undervalued. For FY13F, KFima's forward PE multiple of 6x, for a 5 welldiversified core business entity is regarded as a discount. We believe the group remains undervalued considering they are i.) meeting earnings expectations, ii.) undertaking exciting plans to grow its tuna manufacturing operations in Papua New Guinea by 2014, expanding bulking storage and new plantation acquisitions, iii.) hold a healthy cash pile exceeding RM250m for acquisition and/or expansion.

Source: PublicInvest Research - 30 Nov 2012