U have more kesm or vs, OTB....

This is personally attack! I am writing views on risk only! What wrong I have? Compared to others only know keep shouting buy, sapu, at least I contributed more construct ively loh!

Koon, go buy KESM, it is better than VS. Switch all your vs to kesm!
Also buy RGB, genting, lfecorp.

Kesm potentially can move up more than vs as they net cash

What did u wrote again icon? Vulgar language again?

Coodrisks don't disclose so much lah! U see some selling 0.28, really got idiots in bursa, lots of them

No new order vbook, tht is danger! Look at mudajaya as the best example!

Still can't break, lame stock for me.

Reluctant to buy or sell???

Kchongnz said kesm better than vs.
If vs can return 100%, so will kesm.
To date kesm only 50% over.

0.35 coming

Aiya, it is in the plan submit to SC and Bursa liao mah, this yr wanna get out PN17, and Shapadu to inject further if everything smooth.

not lah, tht company is just investment, they privatise. JOBST no choice but to accept

MYR back 4.10-4.15 level, very soon above 4, sell!

WAH

MYR back 4.10-4.15 level, very soon above 4, sell!

MYR back 4.10-4.15 level, very soon above 4, sell!

MYR back 4.10-4.15 level, very soon above 4, sell!

YEAH

one thing u din check---PROPERTY SLOWDOWN!

MYR back 4.10-4.15 level, very soon above 4, sell!

MYR back 4.10-4.15 level, very soon above 4, sell!

MYR back 4.10-4.15 level, very soon above 4, sell!

MYR4.15, Oil 46

MYR to 4.10-4.15 level liao, is it still good to buy export stocks?

hehe, yeah! the more I said good, The more it drop, ah ha

so little, I have many funds to sell lah, please buy more.

Resilient Business

Relative to the industry’s cyclical nature, business operations have been stable and resilient.

Boasting a sturdy track record, all of its full year results have been profitable since listing in

1994. Moving forward, in line with plans to add an additional 5 to 10 testers annually, we

assume a capacity of 105/110/115 testers for FY15/FY16/FY17. This is accompanied by an

average utilisation rate of 80% (currently between 80-85%). Together, we estimate

FY15/FY16/FY17 earnings of RM11.4mn/RM12.5mn/RM14.1mn. This translates into a three

year CAGR of 9.0% between FY15 and FY17.

Cash rich. Despite low net profit levels, KESM has been generating healthy operating cash flow, as its net profit is partly discounted by high depreciation costs. With the exception of FY03 and FY04, the group has been in a net cash position since 1997. As at end-April, KESM has a total net cash of MYR46.5m, or net cash per share of MYR1.08.

Even as the macro-economics is challenging, the Group will continue its efforts to further improve
its core competencies in technical, operational and production efficiencies in order to service
existing and new customers for our burn-in and testing services.

hng33, buy more please, I wanna sell little here......

GREAT! Charlie, how much you think can go? After right maybe rM0.40

0.135 damn cheap!

Posted by paperplane2 > Oct 13, 2015 11:23 AM | Report Abuse
kcchong, can help do study on KESM?
I SAID RM16 much achievable they don't trust.
High depreciation is depreciation..........strong cashflow is main thing

One of the course participants of one of my online courses has made a detail fundamental analysis of KESM just a few months ago when it was RM2.83. He knows much more than me about KESM. See if he can help you.

KESM is cash rich which makes it appealing, besides a plausible growth story. But RM16 when it is trading at RM4.27 now?

"When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'" - Charlie Munger

Blog: V.S Industry, a Very Shining Idol kcchongnz

Oct 15, 2015 08:22 AM | Report Abuse

Posted by paperplane2 > Oct 15, 2015 01:52 AM | Report Abuse
Not just me notify this kcchongnz. OTB, rosmah, etc all identify this stock also. I just want your view on cash flows.
I saw high depreciation, but also high staff benefit. Pro can con here.


High depreciation is because of its high capital requirement in its business. More important, over a period of few years, is there positive FCF? Is its recent high capex justifiable?

The answer seems to tilt towards the affirmative. But still the future is uncertain and unknowable.

The difference between KESM and V.S are:

1) KESM is a net cash company whereas VS is net debt. A safer company to invest in. In investing, and as a "small investor", I care more of downside than the upside.
2) VS appears to earn higher return on capital now. But its cash flow is not pretty. Anybody just brushing off the peril of persistent poor cash flow, in my opinion, doesn't understand it.
3) KESM was cheap when it was selling at RM2.83 a few months ago when it was first written by a course participant of mine. It has gone up by a lot since then. Notice nobody peddles this stock then and now and tell you buy buy buy except some noises? You have to judge by yourself and make your own decision if the price is still cheap.

Always remember, even a good company is not necessary a good investment. It depends on the price. If you have bought Microsoft, one of the greatest companies in the world in early 2000, you may still be losing a substantial amount of money.

RM2 also I wont amdui

I will skip this stock

for comparison, I think it is more apple to apple if you compare Elsoft vs KESM, as they both have similar business right?

Also, one thing I don't like is the high staff benefit, wiping lots of profit there.......I think it can breech RM6 if it can show consistent profit over next few quarters. Yet, can this be sustainable, I am not very sure.

KCChongnz, how you define Capex? capex is very subjective things....

tht's what I don't understand. Their biz shld be light assets required for tech company. Yet they need so high impairment yearly.
Also, after impaired, assets still there running right, unless they sell it. But even sell it also got money right.

shit...........increase LDP to 2.10, damn it..................fxxxxxxx

No need to keep on mentioning what ppl wrote refer to who n who. These are small ppl negative thoughts

Ri not so simple, needapprovals

Write a comment..Holand stoxk

Not just me notify this kcchongnz. OTB, rosmah, etc all identify this stock also. I just want your view on cash flows.
I saw high depreciation, but also high staff benefit. Pro can con here.

"When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'" - Charlie Munger

Can show us or share with us? Kcchongnz?

Only crazy ppl buy wct now

In your dream maybe