Based on the latest financial results, an analyst told The Edge Financial Daily that VisDynamics was valued relatively cheaper than its peer Vitrox Corp Bhd. "Assuming they could maintain a net profit of RM2 million per quarter, the stock is trading at five times its PER compared with Vitrox (which is) over 15 times," said the analyst.
- The Edge Financial Daily 16/1/2017

If i am not wrong, Digistar had issued bonds of RM270 million to build this Malaysian National Technology Advancement Centre & need to service the interest.

Just lucky :)

Superb......fund managers all go hiding !!!

http://www.thestar.com.my/business/business-news/2017/01/07/november-semicon-sales-rise-at-highest-rate-in-nearly-2-years/

ibot super efficient, thumps up !!!

http://www.thestar.com.my/business/business-news/2017/01/09/rce-capital-continues-to-attract-investors/

Our base case fair value of RM0.60 is premised on a DCF valuation of Hibiscus? 50% stake in the Anasuria cluster with a 11.0% WACC. We are also positive on a further upside boost of an additional RM0.55 with the potential acquisition of the North Sabah asset. The total fair value of Hibiscus would therefore be RM1.15 if the acquisition is successful, pending approvals from Petronas. The base case scenario however of RM0.60 still offers a potential 37.1% upside from current share price.

Contingent consideration. We do note that there is a contingent consideration to the vendors, if oil price is above USD75/bbl, but only for between 2018-2021. The contingent consideration is 15cents per USD/bbl. Factoring in this consideration and with the assumption that oil price is at USD75/bbl from 2018 to 2035, Hibiscus? portion of the Anasuria Cluster is worth RM1.03 with the above assumptions remaining unchanged.

PublicInvest Research

http://klse.i3investor.com/blogs/bursakakis/113265.jsp

http://klse.i3investor.com/blogs/bursakakis/113286.jsp

Perfect !!!

Excellent job

Reach earnings starts from QA S&P since Oct 2015.

Reach Energy MD Shahrul said the company had started to recognise earnings from its QA from October last year, as per the sale & purchase agreement inked with MIE Holdings. 

"We are (already) in the business, and the operator ships and management of assets will be phased in within the next six months from the vendors to Reach. The hard work begins now," he said. 

According to MIE Holdings' interim financial disclosure for the six-month period ended June 30, 2016 (1HFY16), Emir-Oil's sales climbed 11.4% year-on-year to 659.42 million yuan (RM417.95 million) from 592.18 million yuan a year earlier. 

Based on the stake Reach is acquiring, the compny should be able to book in 395.65 million yuan during the period. 

The Brent Crude Index slipped 0.38% to US$46.77 per barrel as at 4.41pm yesterday. At the current level, Shahrul said the company is 'very comfortable" even if the price stays at the current level. 

"There is no pain yet,"he said, not unless oil price falls below US$30 per barrel. 

- The Edge Financial Daily Nov 17, 2016

" Although the company is looking at raising the additional funding of about RM180 mil, it will consider a rights placement only at a last resort . We don't want to upset shareholders who might face dilution of the shareholders base if we do this. We don't want them to be unhappy and place more share in the market. There are other options that we can explore for additional funding such as refinancing or third financing from banks. Oil prices are improving and we have zero gearing, which is to our advantage when seeking financing." - Shahrul MB Reach Energy.

- Focus Msia 6/1/2017

I haven't buy in Sign-wa. Waiting for the co business to rebound.

I am holding all the counters except Sign-wa ;)

Last yr those picked Petron also leading with a wide margin but ending short of petro to end the race.

Tq all, long way to go.... VenFx, keep it up !!!

Tq moneykj, the journey is long & full of traps ;)

Hi connie i no pro. Running a free telegram channel for sharing, learning & passion.

http://www.theedgemarkets.com/my/article/rhb-strategy-2017-if-nothing-else-lower-oil-prices-will-boost-overall-sentiment-oil-gas

Cruz, Sumatec produced only Gas n no Crude Oil. It's not in the same league as Reach n Hibiscus. In football, it's 2nd division. Read my earlier comments.

Hehe i didnt see anyone there.

Bro hawk, kaki flag closed shop ? Me busy with my telegram channel. Dropped in i3 once a while to give comments.

Happy New Year to Connie, Hawk n everyone here.

Hi bro skyhawk long time no see

Ibot, error on 1lottrade calculation. His portfolio is negative rm239, thus should not be in 1st position.

Too early to celebrate. Need to have the stamina to complete the race.

System wrong calculation. 1lottrade is negetive rm239, should not be in the 1st position.

Congrats sifu Icon8888

http://www.theedgemarkets.com/my/article/global-semicon-sales-74-y-o-y-november-us31b-says-sia

I see this stock doubling in value if next 2 quarter results can be maintained. Co is very clean with 7.5 million net cash.

Hehe, need to diversify. Consumer domestic sales. Hopefully Ktc recover this year.

Hehe VenFx, Vis my saviour today.

Congrats VenFx & tkp2 sifu ;)

http://klse.i3investor.com/blogs/hleresearch/113006.jsp

Paperplane, salute you if you have submitted your picks to Mr Tan KW. You are at the same level playing field with the rest. Taday alone there are more than 15 picks by IBs/Newspapers & many more will be called by analyst the next few days.

Paperplane being one of the top 20 Stock Pick winner has 1 week advantage bcoz his closing date for 2017 contest is 6/1/2017 whereas others was 30/12/2016. Salute to Icon8888 & Luvluv for picking their stocks on 30/12/16 eventhough they are also top 20 winners.

Furniture Exporters

1) Liihen - Net Cash RM82.9M
2) Hevea - Net Cash RM94.6M
3) Pohuat - Net Cash RM42.6M
4) Latitude - Net Cash RM139.8M ( Includes Investment Securities Of RM46.4M )

USD is expected to appreciate 10 % if they implement 5 % tariff on imports. On the bright side, our exports will still be 5 % cheaper after the tax.

No. 19 error - also Genetec share consolidation 10:1 not adjusted.

No. 11 error - Genetec share consolidation 10 : 1 not adjusted.

Congrats Up_down !!!

Mr Tan KW

My Picks for 2017

1) Reach-Wa 30 % @ 0.115
2) Hibiscus 20 % @ 0.410
3) Vis 20 % @ 0.365
4) VS-Wa 10 % @ 0.250
5) Sign-Wa 10 % @ 0.250
6) Ktc 10 % @ 0.240


Thank You,
rikki

Adjusted by adding RM6,091.50 to cash. Portfolio total value now RM100,325.12.

Dear Paperplane/Mr Tan, as a result of Tianwah rights issue 1 : 2 @ RM1 per share my average cost should be 2.051 instead of 2.576. Cost RM29,883.10 + RM5,800.00 (Rights Price) = RM35,683.10. No of shares 11,600.00 + 5,800 ( Rights Shares) = 17,400.00. Adjusted price 35,683.10/17,400.00 = 2.051 or difference of RM6,091.50 to be added to my portfolio. Thank you.

Reach booking of revenue from Oct 2015 upon signing of S&P. Read my earlier postings.

Further upside potential from prospective reserves. Emir-Oil has yielded positive results during the initial testing phase for its first exploration well located in the Aidai block. In a June update, the operator was studying the use of large scale fracturing and horizontal well technology to increase the well productivity in order to prepare for the development of the field. The exercise confirmed the presence of oil and gas in the Triassic formation. The findings are new proven resources that were not calculated in the current reserve report, which could provide upside potential. Its un-risked prospective resources, estimated at 222.9 million barrels (MMbbl), will be a bonus.

- MIDF Research

Expect cost savings from infrastructure enhancement. Upgrades of the production facility are on-going to increase oil capacity from 6,458 barrels of oil per day (bopd) to 12,000 bopd under Phase 1 and 23,000 bopd under Phase 2. Phase 1 is scheduled for completion by end-2016 while Phase 2 is slated for construction in 2019. As it is, most of the oil and gas produced are being trucked to the Mangyshlak Processing Station. After the completion of phase 1, a 25km oil pipeline and 35km gas pipeline will be construction to be connected to the new central processing facility and then to the state-owned trunk pipelines. The pipelines, which are expected to be completed in 2018, could cut transportation cost by USD4 per barrel from the current USD12 per barrel. The increased capacity as a result of the upgrades will also enhance its output and scale. General and administrative cost is at USD1.5 per barrel now and once production ramps up, it could be reduced to USD1 per barrel. Receivables from the operations are in US Dollars (USD) and payables in Kazakhstani Tenge (KZT), which is an advantage to the operations.

Reach Energy is fairly valued at RM0.98 per share. All in, we are valuing Reach Energy based on the discounted cash flow methodology. Our fair value of RM0.98 assumes a full field lifespan of 20 years (until 2036) based solely on the field’s 2P oil reserves. In addition, our prudent valuation only takes into account Phase 1 infrastructure enhancement. Assuming full production after Phase 2 infrastructure enhancement is completed, Reach Energy could be valued up to RM2.31 per share. Our oil price assumption is between USD50-91 per barrel for 2017-2036.

- MIDF Research