I thought hng is bid until 2015 4Q Result reliase. :P

I agree cold in term of explaining 'justice'

Where is our National Team?

希望今天不会跌破1,600点...

AmProp seen to be significantly undervalued

Amcorp Properties Bhd
(Sept 25, 88.5 sen)
Initiate coverage with a target price (TP) of RM1.53: Amcorp Properties (AmProp) ( Valuation: 2.40, Fundamental: 2.10) is a niche property developer that will likely see its London and Tokyo property projects driving its robust 64% earnings compound annual growth rate (CAGR) over financial year 2015 (FY15) to FY17.

Meanwhile, its recurring income stream both from its investment property, Amcorp Trade Centre, and renewable energy projects in solar and hydro with a combined 16mw, is growing.

At a 2016 price-earnings ratio of 4.9 times, we believe AmProp is significantly undervalued and ripe for a rerating given: 1) its improved earnings profile; 2) upside to valuations on greater stock awareness; and 3) dividend upside potential in view of non-core asset disposal. We initiate coverage with a “buy” call, with an upside potential of 88%.

Since 2009, AmProp has been investing in the London property market, taking advantage of depressed prices and the weak pound sterling, post the global financial crisis.

From a mere investor, AmProp has ventured into property development, together with strategic partners, with more sizeable projects both in London and Tokyo. Currently, unbilled sales from its London projects amount to a substantial £386 million (RM2.58 billion), or £79 million for AmProp’s portion, set to be recognised over FY17 and FY18.

We believe AmProp’s earnings from FY16 are set for a quantum leap as contribution from its overseas property projects kicks in. We project FY17 and FY18 earnings to jump between 31% and 49% and achieve a three-year core earnings CAGR of 64%.

For the first quarter of financial year 2016 (1QFY16), AmProp has recorded a net profit of RM57 million, exceeding its full-year FY15 earnings. For FY16, 75% of group earnings will be derived from London, while contribution from overseas projects should jump to 88% to 91% over FY17 and FY18.

We initiate coverage on AmProp with a “buy” rating and a sum-of-parts-derived TP. On the whole, we like AmProp for its: 1) standout three-year earnings CAGR of 64%; 2) attractive valuations at 4.9 times 2016 earnings per share and dividend yield of 4% to 8%; 3) growing recurring income base; 4) potential for disposal of non-core assets; and 5) forward-looking management team. Backed by a cash/share of RM0.49 and management’s active stock buy-back programme, we believe that AmProp is significantly undervalued. — Affin Hwang Capital, Sept 25

太阳晒到屁股了... :)

But i believe have to wait few day to lower down RSI before move...

ManagePay falls 2% after gaining on cybersecurity specialist stake buy


KUALA LUMPUR (Sept 25): Electronic payment specialist ManagePay Systems Bhd ( Valuation: 0.00, Fundamental: 1.30) erased gains after rising on its planned diversification into the cybersecurity business.

At 4.13pm, ManagePay, the eighth most-active stock on Bursa Malaysia, shed 0.5 sen to 25.5 sen on some 30 million shares. Earlier, ManagePay reached an intraday high of 26.5 sen.

At 25.5 sen, ManagePay shares had gained 19% year-to-date, significantly outperforming the FBM KLCI's 8% decline.

Last Wednesday, ManagePay announced it was acquiring a 29.5% stake in cybersecurity firm Trustgate Bhd for RM1.8 million.

ManagePay said Trustgate already had an established clientele, which included financial services providers here.

Thank daydream... u help alot...

I dun hv the source coz I'm not 3 of them, I'm work in one of listed company, that y i know PLC will have full shareholder list.

If like that , only Mpay, Sec n Bursa know whether F.Silling got buy

Really bo? Normally Fong Silling buy alot and become top 30 shareholders o~

Any 1 have Affin Report?

KUALA LUMPUR (Sept 25): Shares of Amcorp Properties Bhd (AmProp) ( Valuation: 2.40, Fundamental: 2.10) jumped 5.52% in early trade today after AffinHwang Capital Research initiated coverage on AmProp with a “Buy” rating target price of RM1.53 and said AmProp is a niche property developer that will likely see its London and Tokyo property projects driving its robust 64% earnings CAGR over FY15-17E.

At 9.07am, AmProp rose 4.5 sen to 86 sen with 79,600 shares traded.

In a note today, the research house said AmProp’s recurring income stream both from its investment properties (Amcorp Trade Centre) and renewable energy projects (solar and hydro with a combined 16MW) is growing.

“At a 2016E PE of 4.9x, we believe AmProp is significantly undervalued and ripe for a re-rating given: 1) its improved earnings profile; 2) upside to valuations on greater stock awareness; and 3) dividend upside potential in view of non-core asset disposal.

“Initiate coverage with a Buy (upside potential 88%),” it said.

Today can close at 0.30?

:)

好久没有看到价钱超过0.85了 :)

hehehe...intangible meaning...

When amcrop come out medical product ?

:)

buffet: y say so?

吃团圆饭吧

RSI is too high...

I no idea, izzit e money start commence d?

bruce: how is the meeting just now ?

i still haven turn to profit

good to see price back to 26cent

any update?

bruce, later update us AGM outcome o~

无奈...

:)

wont break 20cent ba?

Nope, if u accept offer by cash mean is 195 d...

Any is going to AGM tomoro?

strong support at 20Cent ba

today close 1.64, 2 cent different with my forecast :(

Sell and buy oskh ba~

:)

If today can close at 1.66 above then good d :)

haha...agree with hanting~

If very big issue, then any client under tricor will face big issue d? btw, who is tsj?

Agree but i still dun have bullet to buy :(

sec move office only... no a big issue

meaning hng33 this time no aiming for contra is mid term d

Good to see close above $0.80

up up up

Wave still haven come i think

ya...

Come on, pls push until same level with MPAY...

But the group consolidated will adjust in 3rd quartet?