Walao...so nice. Today another cycle is taken out.

Mieco is so overvalued. Hevea has several times the terminal profits of Mieco but Mieco is valued at around 2/3rds of Hevea, which is unrealistic.

Damn, this one can sink to below RI RM0.30 with the bad performance and the certain sell-down from UMW owners in the future.

Maybe it should just be shut down, sell the rigs, and call it a day.

This is a shit company lah. They consolidated Khee San's Assets into their books. Now they are unconsolidating. Shitty margins, terrible ROE. This stock is overvalued I tell you. Lots of related party hanky panky going on as well.

Wow you guys so ignorant of rights issue meh? Plus this is one of the largest, if not absolute largest rights issue exercises in recent times.

First day heavy selling, of course got technical correction lah. Now see this week how. Sell now, buy later. Sleep better.

Today only rise because of article in The Edge I think.

What means?

Let's see same thing happen before will happen again or not. I.e. Up before results, then down a while. I might choose to exit at 3.72 if we hit there before results.

Fair enough, they had extraordinary gains both in Q12016 and Q42016. Normalized profits are considerably higher. Good omen for Hevea!

Mieco out...how correlated is Mieco results with Hevea? http://www.bursamalaysia.com/market/listed-companies/company-announcements/5432893

Quite bad, the profits shrink badly. May need to study it later.

Eh why suddenly so many people follow me to wait for RM1.42?

I can bet this will be RM1.32 if not low by the ex-date. Hold your horses men!

If go by past Rights Issues such as AAX, Prolexus etc, the hare will downtrend 20-30%. Now just went down by 10%. Still some ways to go. Be patient, will for the ex-date, it's likely you buy in at a much better price then. Rights Issues are always hated by the Malaysian public, cause we cannot trust our local corps, always doing fishy things that don't maximize shareholder values (at least in the near to mid term).

Not to mention dilution from the "free" (what a cancer!) warrants. So 1 share now will be worth less than 0.5X in the new enlarged share base. That's sad.

@rojakinvestor, it is not 50% of existing shares, it is 100% of existing shares. It is 1 rights share for 1 current share held. Which means share base will double.

It's stupid and silly to fight against the currents. Look at AirAsia X, Prolexus, Land & General...and many other Rights Issues in recent times. In those cases the stocks were in downtrend mode from the time the rights issue was made. Surely, rights issues will be of benefit in the long term, but on the short term they are a drag on investors and they tend to flush out all short and medium term holders.

Worst thing is, MRCB plans further cash calls in the future. Those guys are stupid. 1:1 cash call is largely unheard of, especially after the 20% share placement. The Bukit Jalil stadium project isn't really going to be that profitable either.

"It points out that it would still need to raise funds in the future to finance its future projects, but it would be at levels that are palatable to the market."

Link: http://www.thestar.com.my/business/business-news/2017/05/20/righting-a-rights-issue/

LOl, those that trade on tips and rumours will not last in these markets...

Parkson8888, but if you held PRA from their high point of SGD1.00++ till now, it's dumb. An investor should not be afraid to sell his position in a business in terminal decline or at the beginning of a down cycle. But if you bought in at SGD0.12 then to sell now is kinda short-sighted. It all depends on the perspective. As for myself, I will always be at the ready to sell any of the companies who stock I own should the fundamentals deteriorate. I'm only in the "buy and hold" so long as the company's fundamentals are sound enough at that price level.

Projecti, you're the typical retailer who loses in the markets.

skng74, yes I request for AR. But it is excessive. How about you request and see for yourself? Annual report is usually just a simple 200 page booklet. This is not a mere booklet, it's a hardcover premium quality stuff. It's like 5kg heavy. Sent by express mail. It's the first time I encounter this...

Oh yeah, sorry got mixed up. It's Perkasa that's being sold.

I bought Armada because the stock value was depressed (rightly so!) but there was light at the end of the tunnel (with the 4 major projects that were due to come onstream in the near term). When I did an upside/downside risk analysis, I felt that most of the downsides were fully priced in. As such, feeling that there was an adequate margin of safety, I first bought in on Jan 3 2017 (RM0.60) and then again in early Feb 2017 (RM0.63).

Coffee table book means the really thick hardcover large book you see with very high quality photos. Just do a google search. This thing costs AirAsia only much money. Just email the IR if you want it. If you have direct CDS you are entitled to a copy. I have never seen a company AR like this before.

Congrats to all.

@lordng, I don't care about start-up costs lah. I invested for the long term, I bought it at RM0.60. I have holding power. Nothing will scare me off. I have done my research and am comfortable with my level of exposure.

Read annual report, refer page 42, column 3, row 3.

"In the case of Amni, this has resulted in the sale of the Armada Perkasa FPSO post year end 2016."

I emailed them and they have confirmed Perkasa selling agreement has been reached, deal to be closed end of June. I think it will be positive as they weren't making anymore profit on the Perkasa FPSO.

Lion, too simplistic. Share price will follow performance. If there is a positive turnaround, they will return to PRA. Don't be worried. Parkson is a notable brand. It just needs the turnaround, stock price will increase accordingly. You can't simply expect the stock price to increase now, cause then it will not reflect the current situation of the company anymore.

EPF has got 10+ independent fund managers. That's why sometimes you see they are buying and selling on the same counter.

AirAsia waste so much money on their stupid annual report. I request for it and they send to me via PosLaju, and it is a COFFEE BOOK! Waste of money!

They have sold Armada Perdana. Read their annual report.

Ah ok. I personally don't see this going to RM1.20 anytime soon...simply impossible if you know the tendered projects and when they're due to announce the winners. MMHE will be among the last O&G companies to recover due to the nature of their billings. Not to forget they have poor earnings visibility till Q3 2018, as that's when Bokor 3's first steel cut is due (to collect the initial portion of the RM1b contract payment).

Anyway, all the best!

Lion88 so you're a Singaporean? You bought it and sticked with it...hard to say man. You sell now and you won't even get 10% of your initial capital. Never hold a company in terminal decline. You should have cut your losses long ago. Now, you got no choice but to keep invested and buy more once the turnaround is in sight. It will never reach the glory days of past years, but it can be profitable once more at the very least.

If you're writing to PRA tell them to get online shopping lah. That's so dumb they DO NOT have online shopping or mobile shopping till now. At least PRGL has a basic online/mobile shopping platform.

Good quarter, no? Why the sell off?

I bought 1.29 will hold to 50% at least.

Likely the end is near. When did you buy in? It's I still the darkest before dawn.

Fair enough. When did you start collecting? I'm waiting for RM0.75-0.85 at any timr, or RM0.92 in October to make my move.

Insiders also, they are hopeless. Those are kuci mayam fellows, don't know much. Those that do know, will keep it to themselves and not waste their time on KLSE i3

tht1 those were block trades conducted off market

PE is such a useless metric. Look at PB in conjunction with ROE (together they get you PE).

Problem with Tambun is near term it is still very shaky. Look at their unbilled sales and new launches for 2017. The reward will only come in 2018-2020, so I'm in no hurry. I wait for a bargain or look elsewhere. Opportunities abound.

Lol you can't just delist if it is not making money. For many years PRA was profitable (albeit with declining profits). It just so happened PRA was listed right before the e-Commerce revolution.

You underestimate the impatience of mankind. Patience, is a virtue. If not here, then a bargain is to be had elsewhere, if only you were to wait.

Look, Parkson Bhd is a holding company with two listed subsidiaries - PRGL for their China operations, and PRA for their ASEAN operations.

PRA has suffered losses and will likely continue suffering losses. It has failed to innovate. Parkson is a strong brand in Malaysia to some extent, but it is losing badly in Indochina and Indonesia. PRA has got not many notable assets.

PRGL meanwhile started to decline before PRA due to the competitive e-Commerce scene in China. Their decline started in 2013. So in these past 4 years management has been able to implement turnaround measures to diversify away from the core departmental store business. This is unlike PRA where the decline has started later and turnaround as such could come later (i.e. next year).

PRGL has managed to get costs under control. It has got multiple billion dollar yuan fixed assets in strategic locations. It has diversified into owning and operating malls, grocery stores and creating theme-based malls. It owns exclusive rights to hundreds of international apparel/cosmetic brands. And it could be a takeover target or JV partner for an online retailer or e-Commerce giant who wants a better on-the-ground presence.

So yeah PRA will bleed a bit more, but PRGL seems to have the worst behind it. It won't fly, but it won't drop any further. HKD0.61 lowest, it's now maintaining at HKD1.07 after the results came out. China economy is finally growing at a faster pace YoY again.

I think Parkson is now kinda stuck in between. China has stopped heavy losses...it now needs to return to strong profitability and perhaps then we can finally see Parkson Bhd share price rising.

I personally think the AAC sale is not fully priced in. AA is rising due to improved fundamentals and performance that exceeds expectations. Also, for the future hope of Vietnam/China/Cambodia. Indonesia listing is now impossible. AAC possible delay. ASEAN listing likely taken off. Only thing that seems realistic is the listing of PAA on the PSX.

Headline GDP growth at 5.6% YoY, beating all analyst expectations. Hang in there boys, the party's just got started! Bursa was in terminal decline for 3 years but we're now in the beginning of a bullish cycle. Should/could last us another 2-3 years. Buy undervalued stocks, hold them, don't get too attached, sell them...rinse and repeat. Have long holding periods. Good luck!

Nice, come down to RM1.42 please.

Hevea is inherently cyclical. You can't hold it forever. A time to sell will come. Don't get overly attached to the company. And at some point in the future you will buy it again. To me Malaysia's most havoc cyclical stock is Press Metals. Make sure you buy it when it hits 0.8X BV in the next 3-5 years!

I rather like a less diversified business. Which is why I stay away from conglomerates.

That idea to me sounds way better than listing the group in HK or SG. I support a secondary (TopGlove)/dual(IHH) listing abroad, but only if the AA Group remains listed on Bursa Malaysia.

I will support merging of AAX and AA into one gigantic listing in Bursa Malaysia (encompassing ALL AirAsia operations). I will also support a separate spinoff of the Malaysian unit. So we have MAA and AA Group. Separately list every unit when possible in their home market.

What's current price? I can't view live

How stupid. Successful twice before doesn't mean will successful again. Doing things like this is madness. Evaluate the company, not the individual holding its shares.