Your head NTA is RM1.11!!! You need to minus RM1.4bil from non current assets to get NTA since there is RM900mil goodwill and RM500mil "other intangible assets".

Therefore NTA is actually only at RM0.46 per share! Do the calculation yourself lah, don't just talk nonsense.

That buy queue is so thin...worries me! Sell queue pulak so strong...

kilrathi, I have moved the goalpost down though, queued at 0.76 for now (this whole week actually, tomorrow it might hit that). If 0.76 is not hit, then I will re-analyze over the weekend and re-queue on Monday for the week ahead.

Might be a good contrarian play to put in 5% of your portfolio to UMWOG at these levels (plus subscribe to RI). Seems a bit like oversold.

Are UMWOG shares deposited on Tuesday or Wednesday? What "payment" does you refers to sir?

Has UMW already given out the UMWOG shares to its shareholders? If not means, then Susah loh. Rights issue might have to be scrapped or done at a lower price. Bad to worse.

So what's going on here? Why continually drop recently? What has changed? What am I missing? Serious discussion please.

WTF buy rate at 94% with 12,500 lots done!! I have rarely seen this except in cases where there is very positive newsflow!

Can't you read?

"The Board of AFC wishes to inform that Bursa Securities had, vide its letter dated 21 June 2017, approved a lower PSS of 24.14% pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities."

They don't have to rectify anymore, Bursa has approved the lower spread. Take note in March the spread was at 22.5%, so AsiaFile has improved in that regards. AmanahRaya/PNB selling every other day has helped.

Walao eh...some people ahh....

Sell queue is thin. This will bounce back easily tomorrow if the buyers return after flushing out the short term players.

Joetay, respectfully disagree. PRGL is not a penny stock in any definition. It has a market cap of HKD3.5+ bil. It's majority shareholder is PHB, stable at 53.5% shareholding. I don't disagree, might be some hanky panky going on, but PRGL is far from a penny stock. It is an actual company, and unlike the companies listed in that article it is trading below its book value.

What a shame, not one soul sold yesterday! :(

Not sure what's going on, PRGL at $1.50. Seems pretty fishy...I don't know.

Up 8 cents PRGL...what's going on? https://www.bloomberg.com/quote/3368:HK

If you have read Benjamin Graham, you know well enough to stay away from "hot issues". Lotte Chem Titan was overpriced from the first day, and it is overpriced today as well. Besides the IPO is to fund Indonesian expansion...why the heck support such a company?

The business venture is out of left field...but they are apparently using by products of their manufacturing process, hence if it does prove to be workable, we are looking at rather high margins here...and that's all that matters.

Dead cat bounce is possible. The stock freefall continually from RM1.55...this is just a minor rebound. Go look at the Top 30 shareholders in the annual report and count how many Islamic funds there are...look at the shares they are holding. They MUST dispose all their shares (even at a loss) within 6 months latest.

Always fastest to post results?

Very weird, might be due to Maybank Research issuing a "take profit" strategy call on Bumi Armada this morning? All in all, there is no fundamental reason for Armada to decline from 76.5 to 73.5 in two days in the absence of adverse news.

Walao what's going on...? Irrational market in action...

@king36, that's debatable. It is quite likely undervalued relative to its future earnings potential. The bigger issue is due to the shaky confidence in the stock how low can it fall?

You must understand, Prolexus consumer demand doesn't follow Malaysia pattern (just 1-2% of sales are local), it follows the consumer demand flow of developed countries and regions like US and EU.

Higher USD rate doesn't benefit Hevea. Read the statement from their CEO/MD. Already said it is capped by their clients. No upside if the FX rate slides further. And as a Malaysian don't be so greedy hoping for a further fall in the FX rate lah!

Cool your jets bro. Just enjoy the ride. What's the point Hevea fly to RM1.80 tomorrow then drop back to RM1.50, then yoyo up and down like AirAsia? I rather have small incremental movements backed by increasing confidence in the fundamentals. Whatever rises fast, can fall just as quickly.

I share this investment advice with all of you:

https://s-media-cache-ak0.pinimg.com/736x/72/fc/15/72fc15785f773e104617cb00456818ee--paul-samuelson-finance-business.jpg

Link: http://www.thestar.com.my/business/business-news/2017/07/07/ram-tan-chong-motor-losses-to-persist-before-recovering-in-2018/

RAM downgrades Tan Chong outlook to negative, but reaffirm P1/A1 bond and corporate ratings.

Will be interesting if this results in a small sell-off on Monday. Anything below RM1.70 will be a nice buying opportunity and to top up for me (initial entry at RM1.82). Turnaround is not far off now, with a company like Tan Chong and its Nissan connections, it is hard to go wrong!

@DickyMe, nonsense. Every company should borrow money to maximize returns. Tenaga's gearing is at below 0.4X, which is VERY, VERY conservative. Tenaga's assets far outstrip its liabilities and debt.

I am not well versed in sukuk/bond issuances, but this is neither good nor bad. A company as large as Tenaga raising RM5bil in the debt market is absolutely nothing to fret over. In fact, it might even signify imminent capital expenditure.

Toto2009, KLCI movement is ONLY based on 30 companies movement, not that of the entire market. For example KLCI YTD is 8%, FBM 70 YTD is ~12%, and FBM SCAP YTD is around 15%. All the indexes measure different range of companies based on market caps.

joetay, quality companies of course is very subjective. Parkson is hard to say lah, it has a weak balance sheet and is a declining industry. I have invested in it, but in hindsight I might not have done it. Seems a bit risky now. But in general "quality" refers to companies backed by solid fundamentals - I consider those like Tenaga to be such companies.

Toto2009, what does any individual security have to do with the KLCI, much less a microcap stock like Prolexus? Even in a "bearish" market, quality companies will rise. If the KLCI stays around 1750-1770, that means it will be rangebound and to the advantage of enterprising investors.

Today I queued at 1.26, sadly was not fulfilled. There is a small chance for a minor rebound on Monday, but most likely weakness will persist. I will queue at 1.24 on Monday for the week ahead. I do believe the bottom is near.

Skliew, I am not holding Prolexus, yet. It has been on my buy list for a while now. But I am a patient man. I have read a number of investment books, and one lesson I have learned is to be patient and use the market volatilliy to your advantage. Now is such a great time to buy...but there can be an even better time if you're patient enough cause the share price has a weakness. At some point you have to pull the trigger, cause once depressed enough the fund managers will come in and push the price up quickly. If you're too slow you miss the boat and regret it. If you're too fast you might regret it too. Difficult to time an entry, but you maximise your return s I feel you do it right.

At the moment Prolexus is the company I am monitoring most closely, MMHE is another company. Two very different sectors and situations. I will end up buying only one of these two. Need to keep spare bullets to average down on my recent purchases if the opportunity presents itself.

MBM just announced that June 17 was their best month ever in terms of sales, same with YTD sales being best ever in their history. Surely that would show with CCB achieving better topline and bottomline, no?

Use Google Maps to find the location of the Kluang and Vietnam mill.

Based on Abridged Prospectus, it says Vietnam done in Q3 2017 and mill done in Q4 2017. How? Can or not?

Also, any reason for the decline in topline sales? What could they be? We have favourable FX somemore...

Quote: The price we buy is important but the price at which we sell, most of the time, determines our returns of our investments!!

Sir, with all due respect, this is false. When you read what the best in the business have to say (people like Peter Lynch and Benjamin Graham), they say the opposite is true rather. Our buying price determines our eventual returns.

2 tranche could be from same company too. Futile to find out who. Just be ready for prolonged weakness. Be ready to pounce when Prlexus breathes its last.

No worries. Healthy correction. Just show me next quarter results and the reaction. Aim for RM1.80 minimum. Cost at RM1.29. Holding period just about 1.5 months for now. So far 16% returns (including dividend, net returns at ~14.5%, which is decent).

Damn, I am ready to buy at 1.30, but there is a seller with 11000 lots and I think the weakness can persist to tomorrow. Plus Fridays are always down days with thinner buying interest. Queued at 1.28 for now.

Long term is good. Tutup mate we know that the mill and plant in Vietnam WILL BE COMING. Supposed to be H2 2017, but worst case by H1 2018 it will be operational. Margin expansion and topline growth IS A GIVEN. Question is, can you see the big picture? Are you able to discount a short/mid term price decline and look at the bigger picture?

What a beauty. The patient man will be rewarded.

Does anyone have any kind of data for plant utilization rates? I read somewhere that discounting the double plant expansion, Prolexus has been running close to max capacity. How true I say this? And figures? Thanks!

Enid888, this is why these are UPSIDE POTENTIAL. You have to anticipate them. If you wait for it to be in the news, the share price would have reacted already.

Now, these are not a given. Which is why you must also do a risk analysis and establish a sufficient margin of safety.

Very big disconnect lah between research house TP and the stock performance. The current stock price is over 20% below Bloomberg consensus. And Tenaga is not some obscure company...it's the second largest company in Malaysia by market cap! But alas I'm in for the long haul. Bought at 13.68, will hold until at least 16.50.

Hevea is considered one of the best furniture stocks though, and besides their focus is different from most of the rest. The best is yet to come from Hevea, that much I see certain. But in the near term there could always be a correction to ~1.42. No issue though,see the big picture. RM1.80 by year end.

Now I think no point cut loss already. Time to cut loss was on Monday at 1.42...now at ~1.36 the stock will be nearing the bottom. Hard to see the stock fall below 1.24. So the best thing is just hold and wait and even double down for the inevitable resurgence late this year/early next year.

nich0las, at 2.50 I tutup mata sell. Doesn't mean I will wait for that. Buy as long as the share price is going up and fundamentals are strong, I will ride...until 2.50. When fundamentals change, of course I may sell off at RM1.80-RM2.20.

Come ob lah, don't be so deft. RM1bil or USD300mil...these are just company targets to boost their employee morale and for management to aim for. As investors we should not pay any more attention than in passing to these targets. You are supposed to cover your self but taking care of margin of safety, not aim for the stars and fall into the deepest depths of the ocean.

Strong possibility that Hevea which was laggard in Q1-Q2 with declining share price will be a leader in Q3-Q4. If it hits RM2.50 by year's end I'm out. I bought it at RM1.29 a month or so ago.

Enjoy: http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=169049&bb=172500

Where is the HLIB report?

"At the same time, talks are continuing with six potential operators of the jets, including an Asian low-cost airline that would fly them in a 700-seat single-class layout, Chief Executive Officer Anselm Gehling said in an interview."

Is this AirAsia? Sounds like it!

https://www.bloomberg.com/news/articles/2017-07-03/breaker-s-yard-beckons-for-airbus-a380-if-new-homes-aren-t-found

Q4 report should be out within 3 weeks. How will it be? Can they get back on track or will costs keep eating into the margins? Ayuh, kita nantikan!