this forum still so active

any chance go below 0.30?

noted on that

vanbasten9 > Aluminum futures on a year has zoom past 2700 n will reach 2800 this year.. grab
14/11/2021 7:56 AM

RM6.8 still holding well

Q RM4.5 since last week, but doesn't drop there

BoomBoomChak > Let is drop somemore to 4.55.
01/11/2021 3:44 PM

Serba still in MSCI?

UEMS still in MSCI?

wait for IB to write something, it shall react.....

CIMB RESEARCH December 21, 2015
Only World Group Holdings Bhd (Dec 18, RM2.68)

Maintain add with an unchanged target price of RM4.93: We visited Komtar recently for a progress update on the state of launch-readiness. Our earlier expectation was for a launch in two phases — December 2015 and February 2016.

It appears that this has now been changed to a single grand launch on April 1, 2016, so that the project becomes a single coherent destination where all attractions and destinations are ready. As a result, we lower our financial year ending June 30, 2016 (FY16) earnings per share (EPS) by 10% to account for the delay.

Only World Group Holdings Bhd (OWG) project director Kenny Yap took us on a tour of the site. Although Komtar will be launched on a single date, the various components are still targeted to be completed in two phases. In phase one (end-January 2016), the themed attractions I Love Penang gallery, Doraemon, Haunted House, 5D Sea Explorer and Playoke will be completed.

In phase 2 (mid-February 2016), Jurassic Park, Zodiac Park, Mirror Maze, Milliondollar Carousel and 7D Planetarium Dome will be ready.

Our current assumption of a blended ticket rate of RM15 (at one million visitors per annum) for the observation deck is conservative. Based on the comparative pricing for tickets in the Kuala Lumpur Tower and Petronas Twin Towers, Komtar could potentially earn a blended ticket rate of RM40. This would lift our FY16 to FY18 EPS forecasts by 11% to 46%, and could raise our share price valuation to RM6.95.

If we include the upside potential both from higher ticket prices and the themed attractions, our FY16 to FY18F EPS could rise by 16% to 71%, which could lift our share price valuation to RM8. As with all construction projects, the biggest risk to our earnings projections is further delays in the launch of Komtar. — CIMB Research, Dec 17


https://www.edgeprop.my/content/komtar-opening-could-lift-owg%E2%80%99...
22/01/2021 1:20 PM

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josephn > OWG worth Rm6.95 in history, now super cheap to buy, maybe wait another few years may rebound back to highest peak of RM 6. Genm recovery stock already rise, I think is this OWG turns
16/02/2021 3:01 AM

Bro TreeTopView is here. Interesting counter to watch. Planning to buy some.


TreeTopView > Valgrovest, another 501,000 shares shorted yesterday (Wednesday 3rd), taking the last two day total of shorting to 1.35 million.

I'd be careful making a buy call at the moment.....all IMO, of course.
Check the chart and add in a few indicators to see if you are confident about buying right now.

My opinion is that it's not a buy on chart analysis.....but I could be wrong.
04/11/2021 11:29 AM

really ?


newtrader1989 > Abdul Karim of Serba Kon group of companies is the new ceo of Takaful?
05/11/2021 5:46 PM

wooow, AmInvest TP RM4.70

Investment Highlights
We maintain our BUY call on Syarikat Takaful Malaysia Keluarga (STMK) but lower our fair value from RM6.20/share to RM4.70/share. Our valuation is now based on FY23 P/BV of 2.4x supported by ROE of 23.5%. We have reduced our FY23 earnings by 15.8% to factor in the impacts of FRS 17.
We normally base our FV on FY22 numbers before rolling over valuation to FY23 after the end of 1QCY22. However, to be conservative, we have accelerated our valuation on STMK to be based on FY23 estimates which have incorporated the impacts of FRS 17.
With the recent share price weakness, we see value emerging on the stock. Nevertheless, potential upside is seen narrower than before after taking into account the potential impacts of FRS 17.
Based on our channel checks, FRS 17 which will replace FRS 4 is likely to be implemented on 1st Jan 2023. At this juncture, regulatory authority has yet to issue the finalized guidelines. Changes may still occur between now and the implementation date of the new accounting standard.
The adoption of FRS 17 requires retrospective adjustment. Looking ahead, there will be a day 1 adjustment, impacting the opening balance of STMK’s shareholders’ funds in FY23. Unearned profits will be reversed out from its retained earnings. It will then be recognized under insurance contract liabilities in balance sheet.
We see FRS 17 to be largely impacting STMK’s family takaful business. In 1H21, credit related contributions (MRTT including LPPSA MRTT and personal financing) made up a significant 75.2% of the total gross contributions for the group’s family takaful business. In view of the strong focus on bancatakaful products with single premiums collected upfront covering long term liabilities, FRS 17 will impact STMK’s recognition of revenue moving forward.
From FY23 onwards, contributions will only be recognised by STMK when it is earned. This will prolong the recognition of revenue from the contributions collected. It will change from the current way of fully recognising contributions in P&L to a recognition on earned basis. As a result of this, unearned profit or contractual service margin (CSM) will gradually be amortised over the liability period of the insurance contract and recognised as insurance revenue in the P&L. This will coincide with the insurance services provided.
For FRS 17, we expect both our earlier estimated FY23 shareholders’ funds and BVPS to be impacted by 28.5%. Meanwhile, FY23 profit after tax (PAT) and dividend per share is projected to be affected by -15.8% and -15.6% respectively. In regards to ROE, the impact is anticipated to be minimal as the denominator will be lower. This is due to the day 1 adjustment to the opening balance of shareholders’ funds in FY23 (see Exhibit 1).
As of end 1H21, STMK retained its no.1 ranked position in family takaful business among 11 takaful operators with a commanding market share of 24.0%. Meanwhile, on a combined basis of 25 life operators in total (conventional: 14 and takaful: 11), it ranked 3rd with market share of 9.0%.
In contrast for general takaful business, the group was ranked 2nd among 4 takaful operators with a market share of 23.0%. From a combined perspective of 25 general insurance operators (conventional: 21 and takaful: 4), STMK sits in the 11th spot with market share of 3.7%.
Sales from online portal grew 19.0% YoY to RM48.3mil in 1H21 contributed largely by motor products followed by general non-motor and family takaful products.
The group has recently rolled out a new usage-based motor takaful cover (Pay as you drive). This product is seen to be profitable as the policyholders tend to be lower mileage drivers with potentially low claims. Nevertheless, this product is seen to be intensely competed in the market with competitors offering similar coverage.
STMK introduced its revamped ‘click for cover’ app with new look and features in Mar 2021. ‘Tele bantuan’ app was also launched at the same time to assist motor policy holders for tow truck assistance, panel workshops and windscreen services.
To expand its digital reach, the group has been involved in social media engagements with campaigns done through Facebook, Instagram, Google Ads, Google Display Network and Youtube.
STMK is also collaborating with LLPSA to cross sell new online accidental protection plans leveraging on the latter’s customer base.

As at End of Sept 21, Foreign Shareholdings of STMK Stood at 8.21%.

Our net profit estimates are based core or normalized earnings. The estimated impact to STMK’s FY22 reported earnings from the one-off imposition of “Cukai Makmur” (additional 9% tax to 33%) applied on profits in excess of RM100mil is a circa 8.4%.
Source: AmInvest Research - 5 Nov 2021

towards RM3?

wooow... 102 lots


jeffchan1901 > haha.. matched all 102 lots at 7.99
01/11/2021 4:50 PM

the current price looks sustainable

the new tax has big impact?

meistsk3134 > run for what? this stock got potential. see how many bonus it give
28/10/2021 8:25 PM


meistsk3134 > pmtel big drop, government implement new tax
29/10/2021 6:56 PM

emmm !!!!

Look like HLIB TP RM8.93 difficult to achieve...)

Forecast. Unchanged – our existing forecast already pencils a weaker 2H21.

Maintain BUY but lower TP to RM8.93. Despite unchanged earnings forecast, we moderate down our TP from RM9.91 to RM8.93 as we (i) roll forward EPS from FY21 to mid-FY22 (lower earnings base) and (ii) lower PE multiple of 24x (from 25x) still based on +1SD above 5Y mean. While the upcoming results present another sequential earnings decline, this has already been baked into our forecast. We continue to like Bursa’s outlook, backed by (i) ADV recovery prospects in 4Q21, (ii) potential for another round of special-D (to recap, the previous earnings upcycle in FY17-18 saw 2 consecutive years of special dividend), on top of a decent normal yield of >4% and (iii) still the cheapest exchange – PE is at a 21% discount to regional peers (SGX, HKX, ASX and NZX). For a sanity check using an alternative valuation yardstick, Bursa’s MC/ADV of 2.0x isn’t excessive at -0.5SD below 10Y mean.


Source: Hong Leong Investment Bank Research - 13 Oct 2021

:)

mhanaS > Tenaga seems resilient to the recent pandemic. Very good defensive stock with good payout too. Bought some at RM9.61, added at RM9.66 today. TP RM10.15
28/10/2021 10:01 PM

noted with thanks


TreeTopView > Just a friendly reminder, the Quarterly will be released tomorrow.
28/10/2021 5:17 PM

HLIB raise buy call Astro. Hopefully not like Pmetal.

Exactly. when HLIB raise buy call, time to sell.

Kevin Tam > Those strong supporters of Press metal n those buying Pmetal at RM5.30-5.80 should blame HLG n their research team........GIven TP of 7.30 even Press metal has climbed up from RM3-3.50 12-15months ago to now, share prices at more than RM5.50 n market cap of RM46-48 billion.....Whatever counters or producers of products, metal products gone up more than 100-150% in 1-1.5 years time, time to be cautious, dont trust those research houses more than 60% should be safer nowadays...
27/10/2021 3:34 PM

thanks for sharing

Kevin Tam > What happened to head of analysts of HLG ? Given higher n higher TP to Press metal ( like last year those research houses given super high TP to Topglove) whereas the shortage of copper n aluminium actually being exaggerated by the West/ top investment banks… With the rich valuation of Pmetal n the prices of aluminium can drop back to USD2600-2800 in next year if those top producers of China n Asia boost their production, don’t see any point those research houses given high valuation of PE 40-45 of next year earnings to Press metal …
25/10/2021 1:13 PM

HLIB still giving good TP

We are ecstatic and upbeat about Press Metal’s earnings prospects in the next 12-18 months, primarily due to: (1) soaring LME aluminium spot prices; (2) the progressive ramping up of the group’s Phase 3 Samalaju expansion project which will boost its overall smelting capacity by 42% to 1.08mil tonnes annually (from 760K tonnes previously); and (3) additional earnings boost from its 25%- owned PT Bintan alumina refinery (Phase 2) which is targeted to fully commission in 1HFY22. Maintain BUY with TP of RM7.42 (25x P/E on FY22F EPS).

Soaring LME aluminium spot prices. YTD aluminium prices have averaged at US$2,398/tonne and last chalked at c.US$2,915/tonne. It has recovered significantly by c.+100% from a low of US$1,465/tonne in April 2020 (when Covid-19 broke out).

Only the beginning of a multi-year bull cycle. We are expecting a sustained bull run in global aluminium prices over the next 12-18 months with the synchronised decarbonising movements to achieve net zero carbon emission and the general recovery post-pandemic across most countries. We envision the world at large to enter into an aluminium deficit in 2022-23F, in which demand would severely outstrip supply globally. This would ultimately lead to a drop in aluminium inventory in the London Metal Exchange (LME), lifting aluminium spot prices.

Phase 3 Samalaju and PT Bintan update. The Phase 3 Samalaju is targeted for full commissioning by Oct 2021, boosting its effective smelting capacity by 42% to 1.08mil tonnes (from 760K tonnes currently), which is a vital catalyst for earnings growth in FY22-23. Also, the group’s PT Bintan alumina refinery project has begun phase 1 (1.0mil tonnes annually) commissioning in 3QFY21 and is targeting completion of phase 2 (an additional 1.0mil tonnes) in mid-FY22.

Long-term business sustainability from investments in 25%-owned PT Bintan and 5% effective stake in Worsley. Combined, PMetal’s effective total alumina exposure via these two strategic holdings would be 355k tonnes, 605k ton nes and 730k tonnes for FY21-23F respectively (based on our assumptions). From a long-term business sustainability perspective, PMetal will be able to hedge against the volatility in alumina prices from its strategic stake in PT Bintan and Worsley.

Favourable alumina-to-aluminium ratio. YTD 2021, alumina prices have averaged at US$296/tonne and they were last seen at US$373/tonne (Figure 1). On average, alumina was trading at 12-13% of LME aluminium price YTD (current: 12.8%), which is significantly lower than the norm of 16-17%, signalling upside potential.

Forecast. Our earnings forecast is based on an average LME aluminium selling price per tonne of US$2,550, US$3,150 and USD3,250 for FY21-23F respectively. We have imputed these few key hedging assumptions: (1) 65% hedged at US$2,050 for FY21; (2) 55% hedged at US$2,200 for FY22F; and (3) 35% hedged at US$2,300 for FY23F. Our alumina cost per tonne forecasts are US$334, US$385 and US$444 for FY21- 23F respectively.

Maintain BUY with TP of RM7.42. Our TP is based on FY22F EPS of 13.7sen pegged to a P/E multiple of 25x, which is in line with its 3-year historical mean P/E. We may increase our ascribed P/E multiple for Press Metal as we note that the group deserves a premium in its valuations to reflect: (i) the group’s favourable cost structure as bulk of its energy costs are locked in via 15-25 year power purchase agreement (PPA) with Sarawak Energy Bhd; and (ii) its low carbon footprint as its smelters are hydro powered, making its ESG profile more favourable to investors.


Source: Hong Leong Investment Bank Research - 7 Oct 2021

going below RM5 ?

3.99 broken

Nice move

simeprop already move higher, uems still far behind

the price looks attractive

HLIB TP RM8.93 nanti kacau lagi

Aim higher, RM9 :)

Posted by yfchong > Oct 13, 2021 6:52 AM | Report Abuse

Huat every one... 8 50 OK boh

:)


kl_guy > dialog rm3.30 on the way
07/10/2021 11:23 AM

she is an experienced trader. Occasionally I followed :)

Posted by risktoreward > Oct 6, 2021 10:38 PM | Report Abuse

@thesteward, I see you're everywhere ;)

Dialog and Westport same operator?

Nice movement


gohkimhock > i think can break RM3..

Parabolic SAR should reverse to uptrend today.
06/10/2021 3:03 PM

:)


Godofgambler > Wait.. This econpile will reach Rm1 soon.
Economy slowly opening up
04/10/2021 6:57 PM

Nice

Kenanga TP 0.07 can it or not?

price is well supported. Great :)

Floating at No.32 since last month

OldWiseMan100 > Dialog is a good company, but at this moment I will not touch. They are already about to be kicked out of KLCI30.
30/09/2021 7:45 PM

thanks

KimSua > This year EPF trend is to sell Qtrly ends and stabilized and uptrend within the next month. Consistently in Dec, Mar, Jun, sept... High potential on the I-Citra and other bantuan withdrawal . I citra ends sep 30, until furhter annoucement. It has a good accumulation month as it will rebound back above 10. This year we can only rely on the ~8-10% dividend . Still 3 months to go and this can be the last price below 9.8 ...Low risk entry. Good luck October.
01/10/2021 9:10 AM

Before Dividend close below RM10, after Ex-Date adjustment lower again

Noted with thanks @TreeTopView

my friend says HLIB issue buy call. Whenever HLIB issue call, can see big block ahead

very useful info.

woow, Genetec 2.0 ? Good price

NatsukoMishima > https://youtu.be/28VC4t4IhK4

Pls jump to 10.33 n starts listen u will know why this stock will be genetech 2.0 !
22/09/2021 11:42 PM

Noted with thanks

thesteward >Pls watch close these 2 weeks
22/09/2021 4:40 PM

why add $1.56 & 2.1% ?


bullmarket1628 > Walaoeh, Oil price continue to spike up like mad !
Brent closed at=> $75.9‪2 +$1.56 +2.1%‬

‪Huat ah, Heng ah, Ong ah !‬
23/09/2021 7:12 AM

correct, you are right. Got DIV. twice a year. 1.9 & 1.2 cts

lotuseater > Pls get your facts right before commenting.. who says this is a 0 dividend stock - they have been paying dividend every year.
22/09/2021 8:29 PM

thanks for sharing


NatsukoMishima > Dialog share price is not relevant to brent oil price ! Take note before u step in this 0 dividend stock n study carefully their business model !
22/09/2021 2:10 PM

so difficult to go below RM7


TreeTopView > Currently trading in the "danger zone" area right now.
Expect either a bounce or a move down towards the next Fib point of 6.80.
17/08/2021 3:38 PM

this counter thicker than great wall

Posted by Mikesinoda283 > Sep 22, 2021 1:43 PM | Report Abuse

Confirm this counter will be rebound soon after new CFO coming

those are his close buddies