watch out of MAS Q2 result 2moro

steady....not for contra players

just want to add. if the mother share move v fast to RM1.16 this few months, the WA may also jump by similar margin.
Mother RM0.91 + 0.25 = RM1.16
WA RM0.495 + 0.25 = RM0.745

Mother Share TP RM1.16 by Alliance Research.
WA sb around RM1.16 - 0.51 (exercise price) = RM0.65.
However, we need to give some discount for the WA since the maturity date is quite short 19/12/2014.
Therefore TP for WA pending any revision sb about RM0.62.

Follow HDBS TP of 0.45. Up n coming lucrative upstream O&G company. Good potential for TP being revised upwards in the medium to longer term.

Daya 2nd quarter result will come first most probably before month end followed by Siem Daya 1 contract in Sep 2013 and Siem Daya 2 contract in Dec 2013. Stay tune for the announcement.

Sorry guys, unable to share coz its not online. U need to buy The Edge weekly newspaper of Aug 19, 2013. It cost RM5.00 in Penisular n RM6.00 in Sabah n Sarawak.

Excellent article on Daya by The Edge Weekly. Do not miss.

tsurukame is absolutely right.

Sona-Wa time value is very bullish due to the speculation that the mother share will jump upon received of QA. Investors have the comfort of 5 years warrant exercise period.

I belief there is still plenty of room for upside.

http://www.incademy.com/courses/Traditional-corporate-equity-warrants/Analysis---time-value-and-premium/10/1068/10002

Can Sona price climb to 5.00 just like Yinson with similar 500 million invesment???

http://www.thestar.com.my/Business/Business-News/2013/08/14/Yinson-nears-completion-of-Fred-Olsen-Production-takeover.aspx

Yinson price climed from 3.35 on 31/5/2013 to 5.05 now.

SKPetro price dropped from 4.50 on 31/5/2013 to 3.76 now.

Yinson better or SK Petro better ???

Mokhzani concentrating on Yinson instead of SKPetro. Yinson price keep going up ! Minority shareholders have complain on the conflict of interest n still awaiting for SK's reply.

Moody have just warned msia of rating cut if govn do not improved on public finances. If this were to happen then SKPetro will fall like tinpins.

Mother Share TP RM1.16 Alliance Research

https://www.eallianceshare.com.my/aibbecos/Research/researchview.asp?ResID=6202

Fair Value RM1.16 Alliance Research

https://www.eallianceshare.com.my/aibbecos/Research/researchview.asp?ResID=6202

Still awaiting for news on RSC bidding of USD500 million contract?

http://www.thestar.com.my/story.aspx?file=%2f2013%2f6%2f4%2fbusiness%2f20130604104203

Good article by TanKW.

http://klse.i3investor.com/blogs/kianweiaritcles/34783.jsp

According to recent Alliance Research, MAS have not hedged their Foreign Currency Loan. With the US Dollar appreciation against the ringgit, MAS need to repay more in ringgit terms for their foreign currency loan. Jet fuel is also quoted in USD. Therefore, there is a double effect.

According to recent Alliance Research, MAS have not hedged their Foreign Currency Loan. With the US Dollar appreciation against the ringgit, MAS need to repay more in ringgit terms for their foreign currency loan. Jet fuel is also quoted in USD. Therefore, there is a double effect.

TP 0.38 by Kenanga 13/8/13

Sona-W trading at 40 % premium ?

Yesterday hotstock Malton-W was trading at 60 % premium.

strong selling at 0.34 all eaten up, sb bidding at 0.345 soon

Fighting for so long already, range from 0.30 - 0.315.

Khazanah with controlling stake of more than 70 % and rights issue price of 0.26 is laughing all the way to the bank

Sorry, just like Hibuscus not Cliq

Steady climb is better than fast. If the QA is announce slower, then the rumours will keep pushing up the price and when the QA is announce, the mother will jump 100 % and warrant 200 % just like Cliq.

Since Mokhzani bought Yinson, this stock has been heading south.

Do not be afraid to take profit. Can always buy back when market is bullish or upon profit taking :)

Sold 7m with profit of RM595k.....wow

Sorry, should be May 2013.

Daya is sailing now...hehe

Awaiting for 3 good news.

1) Chartering of Sime Daya value about RM600 million sb this month.
Besides TP of 0.45 cts by HDBS, PublicInvest have on 21 May 2015 given a target price of 0.40 cts after the above contract is materialize.

PublicInvest 'Reiterate Outperform call. We are maintaining our target price of RM0.28 for now. Further re-rating is possible pending clarity in the securing of new O&G contracts, especially the long-term charter which would increase our prospective fair value to about RM0.40 upon the rollover of valuations to FY14. We do believe Daya has room to grow considering better the O&G sector growth outlook. Our current valuation of Daya is based on a 12x multiple to FY13 EPS of 2.34 sen.

2) 2nd Quarter result end of this month.

3) Listing of SPAC Reach Energy hopefully by year end.

Sona or Sona-W ???

Both are equally good, if we based on the promoter or management of company who are all experience and experts in their own fields. However, they do not have track records on doing business yet. In order to make money, you must have good business sense and able to take calculated risk. Many of our tycoons are not experts but they have excellent business sense.

Okay, now should we buy Sona or Sona-W.

It all depends on your risk appetite. Sona for lower risk and lower returns or lower losses. Sona-w for higher risk and higher returns or higher losses.

Let's take an example of both Sona & Sona-W gaining 20 cts by end August and calculate the returns.
Sona - 0.45 + 0.20 / 45 = 44 % return
Sona-w - 0.305 + 0.20 / 0.305 = 66 % return.

Sona-w provide higher returns with much smaller capital. But, warrant shares are not guaranteed. However, Sona shares are guaranteed 90 pct of the IPO prices if the company is unable to find a QA in 3 years. Warrant shares are not entitled to dividend if any. (Guess Sona won't be paying dividend for another few years).

Let's compared Sona-W with Cliq.

Sona-w 0.305 + 0.350 (ex price ) = 0.655
Premium over Sona 0.655 - 0.450 = 0.205

Cliq-w 0.40 + 0.50 (ex price ) = 0.90
Premium over Cliq 0.90 - 0.705 = 0.195

The difference is only 0.01 cts.

Please do not compared with Hibiscus-w due to the warrant having about 1 year to maturity.
Therefore to buy Sona or Sona-w all depends on your risk appetite.

Wishing all my friend Selamat Hari Haya and Happy Holidays.