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2017-05-09 23:16 | Report Abuse
Damn real bad luck. I missed it at RM1.48. Haiz, I think have to let go of this lah.
2017-05-09 21:49 | Report Abuse
2ez4 AirAsia is in cyclical industry.
2017-05-09 21:13 | Report Abuse
Yes Kevin, but in the near term Esceram is still overvalued. Book value is flattish. It needs to grow!
2017-05-09 21:04 | Report Abuse
I mean I feel you want returns, then at some point you have to be prepared to sell AA. AA will soon get into overbought territory, and the underlying performance may no longer hold up in H2 2017
2017-05-09 19:45 | Report Abuse
Red means just delay lah. Fundamentals still intact. I hope it drop again to 65 sens, haha
2017-05-09 19:13 | Report Abuse
Today buying interest due to rotational play on the glove companies
2017-05-09 19:09 | Report Abuse
Bad quarter for Parkson Retail Asia. Turnaround has to come around soon, hopefully. Not sure if it will have a huge impact or not though tomorrow.
2017-05-08 22:56 | Report Abuse
Seems cheap, no? 1.2X P/BV with consistent ROE of 20%?
2017-05-08 22:35 | Report Abuse
Anybody got their Annual Report? Is it hardcopy or CD? I have Direct CDS but so far nothing. Any idea how to request for a hardcopy? Thanks!
2017-05-08 22:33 | Report Abuse
Guys, how can I ask for a hardcopy of the Annual Report? Armada is my first ever stock purchase. I want to keep it as a memory. I have a Direct CDS account. Thanks!
2017-05-08 22:13 | Report Abuse
Number of shares is based on their Weighted Number of Shares (listed at the bottom of the notes section for basic/diluted EPS)
2017-05-08 20:38 | Report Abuse
Tomorrow margin calls will lead to a fire sale. No hope of moving out of limit down price.
2017-05-08 20:35 | Report Abuse
What happens if it limits down for two more days? Tomorrow already going to kena margin call. Will it lead to a 4th day of limit down? Worth to queue at the down limit of 4th day?
2017-05-08 20:25 | Report Abuse
Pakistan contract is just tiny fish. About USD15mil per year, which is RM70mil revenue per year. Of course little things add up, but on its own this is just less than 0.2% of TNBs revenue.
2017-05-08 20:11 | Report Abuse
JS Goh, you may back test the formula with previous quarters. It doesn't match up.
The usual formula is (Total Assets - Total Liabilities - Non-Controlling Interest)/Number of shares outstanding
Plus with you formula it is 1.34 not 1.33.
You can backtest your formula, it won't work. Mine if I backtest to 2013-2014 it works, but ever since they did the bonus and rights issue it stopped working.
2017-05-08 18:53 | Report Abuse
R40s and JS Goh, that is incorrect as Net Assets per Share Attributable to the Owners of the Parent exclude non-controlling interests.
2017-05-08 01:23 | Report Abuse
Is China going to abandon all their projects in Malaysia ah? So far we know TRX is gone case. What about ECRL? That also gone? Walao, if like this Bursa will take a beating in the short term. Damn the China government man!
2017-05-07 23:58 | Report Abuse
Nobody want to buy, queue also no point. Who will buy your stocks at RM2.16? Only idiots, that's who. At least Ekovest when limit down people buy because it is a company with sound fundamentals. IWCity? Huh, nothing to see here man. Maybe on the second day when limit down again also not easy to find buyers...they will wait till third day, then only come in.
2017-05-07 23:03 | Report Abuse
Can anyone please clarify as to how does Prolexus get the figure of Net Assets Per Share of RM1.33 from their latest quarterly statement ended 31 Jan 2017? I would greatly appreciate it. My calculations just don't work out.
Link: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5376413
2017-05-07 17:03 | Report Abuse
Ok thanks. I wasn't aware of that. So is it fair to say that the P/NAPS of 1.71X on this website is being overstated? It should be lower right?
2017-05-07 16:24 | Report Abuse
Valuegrowth, why's that so? Would appreciate some more clarity. Where do the RM1.006 bil in additional assets come from?
That means, the i3Investor's T4Q NAPS is understating the actual NAPS, correct? Which consequently means the P/NAPS (i.e. P/B ratio) is being overstated, correct?
2017-05-07 14:55 | Report Abuse
Guys, I have something very urgent. Why is there discrepancies in the Net Assets Per Share for Prolexus?
In Q4 2016 (ended 31 Jul 16) financial statement they have the Net Asset Per Share at RM1.17. However for the annual report 2016 they have the NAPS at RM1.23.
Similarly, for the latest Q2 2017 (ended 31 Jan 2017) financial statement their NAPS is listed at RM1.33. However on i3Investor's T4Q NAPS is listed as RM1.27.
Can somebody please explain the discrepancies? These matter.
Thanks!
2017-05-07 13:07 | Report Abuse
Guys, I'm just wondering, why is the Net Assets Per Share reported as RM2.38 on the AirAsia Financial Statement for the previous quarter?
Isn't Net Asset Per Share as follows: Total Equity / Number of Outstanding Shares
Using that formula I get Net Assets Per Share of RM1.98 (same as i3) but AirAsia states it as RM2.38. Hope someone can clarify this!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5346261
2017-05-07 12:19 | Report Abuse
I'm willing to take my chances on this. It will never reach RM5 or RM10, but RM1-RM2 is achievable.
2017-05-07 12:18 | Report Abuse
Don't disagree, Parkson is past it's prime. But if Parkson continues to exist, albeit with lower profitability, the current valuations are unjustified. It's either Parkson bungkus, or turns things somewhat around and the share price doubles/triples.
2017-05-07 11:21 | Report Abuse
Overvalued. CEO on BFM was like a bloody proudy person, everything he say "I, I, I" and not "we, we, we".
2017-05-07 01:40 | Report Abuse
Parkson's fundamentals are actually really bad, that's why it's selling at 0.28X P/BV. They are rated B-/B3 by the rating agencies. Their debt:equity ratio is at 1.7:1. Their current ratio is below one.
Parkson has got absolutely terrible fundamentals, which is why it is so "cheap". Find me another stock trading at 0.28X P/BV? But I'm willing to take my chances that Parkson will ride this out in China and SEA. It's a risky bet. This is nothing like AirAsia at 80 cents, which still had solid fundamentals and a P/BV of about 0.8X at the time.
Long story short, Parkson is a gamble with poor fundamentals, but with the downside already heavily priced into the stock valuations. So you can kinda say it is gambling with the odds in your favor, to some extent. Allocate some money to this company, but don't go all in cause it may not end pretty. Set an exit if in 2 quarters time their balance sheet deteriorates even further and they fail to achieve any kind of Same Store Growth in China and SEA.
2017-05-07 01:27 | Report Abuse
Guys, what's your exit? I'll leave at RM3.80. But if it never hits that and starts retreating with bad news, I will exit by RM3.40 on the way down.
2017-05-06 20:19 | Report Abuse
Tenaga will move slowly but surely. One of the safest long term investment in the stock market that's for sure.
2017-05-06 17:00 | Report Abuse
Magni Tech seems almost fairly valued. What's the long term ROE? If it will be sustained above 25% then current P/BV of 2.1X makes the stock undervalued. But that seems risky, no, expecting long term ROE of 25% which is higher than the historical norm? This could explain why P/BV is lagging increase in ROE. If Magni keeps ROE above 25% expect the P/BV to catch up. But if it hits any major issues and if ROE falls expect a selloff to ensue. Long story short, not much margin of safety here. Could be a good play but sensitive to a decrease in profit.
2017-05-05 21:44 | Report Abuse
All depends on Kraken. But likely trade around RM0.75-RM0.78.
2017-05-05 21:17 | Report Abuse
Queued at RM1.44, didn't get anything.
2017-05-05 21:15 | Report Abuse
We know Q1 is a record quarter. Market has already priced that in pretty much. Question is...how good is Q2? Can it be sustained? If Q2 is reasonably good, then I can expect us to march towards RM3.80 - RM4.00.
2017-05-05 20:39 | Report Abuse
Walao, whats with the ending spike there?
2017-05-05 01:29 | Report Abuse
I don't do short term. Sorry. I invested on fundamentals and will keep until the fundamentals are fulfilled and will sell to cut loss if the fundamentals change adversely.
2017-05-05 01:11 | Report Abuse
So weak those who thought of selling due to the drop. Always go out in top you nuts.
2017-05-04 22:23 | Report Abuse
Why you don't get the hardcopy? You're not a shareholder?
2017-05-04 21:47 | Report Abuse
Seems pricey. P/B of 2.34, even if we assume ROE of 16% that's kinda high. Unless of course you have reason to believe that the ROE will rise even higher in the near term.
2017-05-04 19:51 | Report Abuse
Go to 0.4X BV then I come in.
2017-05-04 19:49 | Report Abuse
No issue, profit taking, yesterday very high run up. Now I'm in two minds. Should I keep or sell? Seems expensive, but there is such a large potential for rise in earnings given last year's very low base.
Also, got my annual report today. My first ever annual report! :)
2017-05-04 19:47 | Report Abuse
Gone. Along with the Affinity Hwang Small Cap Fund. Gone gone gone.
2017-05-04 19:40 | Report Abuse
Quite a shocker there in the afternoon. I was searching the Internet to see what bad news happened. Alas it's just mr market. I'm holding this till P/B 1.8 is hit, then I start thinking about exits slowly. I do believe AA could run up to 2.0 P/B.
2017-05-04 19:15 | Report Abuse
I mean Parkson HK also up around 10% today. So Parkson Bhd still has room to run. It is indeed considered undervalued relative to the underlying values of the two listed subsidiaries (SOP with 30% holding co. discount).
I think best idea for Parkson is to just sell off their entire China business (they can get a very substantial amount, just for the prime buildings), then de-list SG, and consolidate the SEA operations under Parkson Bhd.
^^Referring to the guys above, I am actually a long-time Parkson fan. I buy my shirts and pants from there for many, many years. Reasonable price. No fuss returns/exchanges when things don't fit. No hanky panky T&Cs for their vouchers.
I just wish they brought online shopping to SEA. I already know the shirt + size I want...I rather buy from my home.
2017-05-04 01:00 | Report Abuse
Coming qtr should be positive lah...
2017-05-03 21:54 | Report Abuse
I will say if you don't want to sell, don't buy either for the time being. This stock was actually running ahead of itself. I made a mistake buying at such a value. When I bought I just saw at RM0.465 it was at a low point. Didn't do much analysis. In fact now I have to revise downwards to RM0.33 my re-entry point to average down at 1.5X P/BV.
Damn. What a mess! Still think long term this company will do good, but might need to suffer some pain in the short term.
2017-05-02 21:47 | Report Abuse
Mahorse, yeah I think hibernate. It will probably get a second chance in the coming quarter. If it doesn't hit ROE of 3.5% I will sell, no point holding cause if the ROE can't keep up with the book valuation then it is overvalued. I will also sell if it hits RM0.48 for whatever reason this Q. Exit with no loss then.
Stock: [CAPITALA]: CAPITAL A BERHAD
2017-05-10 09:59 | Report Abuse
AA has breached consensus target price. Now question is, will consensus revise upwards or not? Could signal trouble for AirAsia meaning it will be susceptible to any kind of negative news. I am going to exit at RM3.60 now (will revise it once we get there depending on the data available) but will set RM3.30 as a downside exit if RM3.60 is not hit.