Nuzul Al-Quran holiday
http://publicholidays.com.my/

People buy less house and buy more furniture?

8LA = 56sen. If convert still make 3sen gain.

They dispose around RM1.54 maybe buyback RM1.48? 6sen different because now no big news. Good counter because PE still low and in good time or bad time people will still use electricity and water, YTL Power main income.

Why these 3 companies never ask to raise petrol pump price since losing money or reduced profit?

Compare to Petron and Shell only Pet Dag make money this year. Can look forward to dividend every quarter.

Shares buyback stop price drop. Meanwhile Parkson still continue shares buyback. I notice this counter because when I check Bursa daily announcement on sharebuyback Hapseng, Parkson likely appear but recently Hap Seng no more appear.

Project 4A update.
http://www.thestar.com.my/Business/Business-News/2014/07/14/SIPP-No-approach-to-Malakoff-Company-says-it-has-not-made-any-overtures-over-Project-4A/

I think 8LA = 52sen convert method better can gain 7sen.

What I like this stock is revenue never stop increasing every year. Should share price follow?
http://klse.i3investor.com/servlets/stk/fin/5681.jsp

We invest base on what we get from the stocks ie dividend or capital gain if any. DY for MediaC is 5.02%, PE 9.96 so this stock is still cheap compare Malaysian market PE around 16 or 17 times. I believe MediaC business is sustainable because those like to read newspaper will continue reading day after days and years after years unlike some stocks recommended here eg Dsonic, KNM or property stocks. Tanleechoo I check you interested in Armada because price has dropped but I check further EPF is selling and PE 24, DY 1.02% so not cheap. Armada business getting worse some more with revenue and profit dropping. Dividend for Armada 3.25sen in 2013 vs MediaC 4.67sen despite being 3X more expensive. Somebody mention Armada want to have right issuekah? No special dividend but half yearly dividend you can get from MediaC not good enough?
http://klse.i3investor.com/servlets/stk/fin/5090.jsp
http://klse.i3investor.com/servlets/stk/fin/5210.jsp

Latest TP RM2.99
PARKSON HOLDINGS BERHAD - Investing In F&B, Gift and Fashion Entities

Date: 11/07/2014

Source : PUBLIC BANK
Stock : PARKSON

Price Target : 2.99

Price Call : BUY

Last Price : 2.52

Upside/Downside : +0.47 (18.65%)

Parkson Holdings (PHB) announced the following acquisitions: (i) 60% in AUM Hospitality group (AUM), an F&B and entertainment company, for RM48m; (ii) 60% in Giftmate, a gift-related company, for RM8m; and (iii) 50% in Valino, a menswear & fashion company, for RM3m. We are neutral on the acquisitions. While the new businesses will be complementary to PHB‟s shopping mall and retail operations, we remained cautious on the integration of the new businesses and relatively expensive valuation of AUM acquisition. We maintain our Outperform call with a lower target price of RM2.99 (previously RM3.42) mainly due to a 23.6% cut in our FY15 (Jun) projected earnings of PHB‟s China unit (Parkson Retail Group) in light of continued operating weakness and retail industry challenges in China.

Details on AUM. AUM was incorporated on 28 September 2011. It is principally involved in food & beverage (F&B) and entertainment. AUM operates 12 brands including „Johnny Rockets‟& „Quiznos from the United States, „Bumbu Desa from Indonesia and its proprietary brands – „The Library Coffee Bar and "The Library Restaurant & Bar‟. In 2013, AUM reported net profit of RM3.1m and revenue of RM73.3m. The purchase price of RM48m implies a valuation of 25.8x of 2013 net profit. However, the vendor (AUM Equity) guarantees net profit of AUM shall not be less than RM8.5m for a period of 12 months from the acquisition, which translates to a P/E of 9.4x. Nevertheless, we remain cautious on the profitability of AUM subsequent to the profit guarantee period.

Details on Giftmate and Valino. Giftmate was incorporated on 2 October 2007. It is principally involved in producing branded premium and OEM premium gift related products including items such as „GoldArt and „Zhuai Mao‟. For FY13 (Jun), Giftmate reported audited revenue and net profit after tax of RM5.74m and RM0.32m respectively. Valino was incorporated on 17 May 2010. It is principally involved in menswear and owns the „Kent brand from Indonesia targeting young fashion office and leisure wear. In 2013, Valino reported audited revenue and net loss after tax of RM3.02m and RM0.12m respectively.

Our take on the acquisitions. While we believe the acquisitions are in line with management‟s strategy to venture into areas that are complementary to its retail and shopping mall operations, we have our reservations on the integration of acquired businesses and relatively high valuation of AUM. Previously, management had indicated they were looking into F&B segment and private labels.

Maintaining Outperform. We maintain our Outperform call on PHB as we believe its current price has already priced in the challenges faced by the group. We like PHB for: i) its strong balance sheet with net cash of RM1.1bn; and ii) its growth plans to increase PRA‟s contribution, particularly in Indonesia and to grow its property investment portfolio. We believe its NAV of RM2.69 as at end-3QFY14 and its active share buy-back will provide continued support for its share price. PHB will distribute 3 treasury shares for every 50 shares held (ex-div: 23 July).

Source: PublicInvest Research - 11 Jul 2014

7.5sen for LA meaning 60sen for Iretex susah nak capaikah? Iretex directors has bought at 65sen before. As CWeed said selling 1 factory mean trim fat(more cash less workers) meaning good for shareholders.

TP 7.5sen next week. 15% upside. Buy.

One of Malaysian richest man Tan Sri Tiong Hiew King is holding tight to his MediaC why are we afraid to buy if he is not selling.

Property boom time Mulpha cannot make money what to expect time when interest rate are increased like now.

Mulpha is losing money. Latest interest rate increase will cause people to borrow less to buy property. However good or bad time I think people will still read newspaper.

Despite KLCI record high recently, MediaC share price is very disappointing although DY is still at above FD rate. If anyone go to AGM, ask following questions:
1) What will MediaC do to increase revenue and profit and finally dividend
2) Will shares buyback be carried out
3) What steps management will take to ensure MediaC become Syariah compliant

Merger suppose to be good news for acquirer but latest round seem like CIMB is the loser. Why?

China with 1.5billion population has 50 times bigger market than Malaysia, Xdl shoes will always in demand.

EPF selling. Can drop to RM1.50 because interest rate increase can affect construction and property business.

Datuk Nazir if you read my post here can I apply for high post in CIMB because I am fighting for CIMB despite many people in these forum support OSK, RHB and MBSB. Like you I have cashed out my CIMB and waiting for lower price to reenter.

Iretex now is 59sen. If use 8LA convert method now LA is underpriced. Fair value LA is 7.38sen or 13% upside.

TP RM1.80 or 20% upside because PE now only 10 . How long? One year OK?

TP RM2.80 or 10% upside because share dividend this month.

My thinking is if people no money they will buy more Toto to hope strike rich faster. Toto jackpot now how much? So Toto dividend is not one off but can continue every quarter. Even interest rate up Toto DY is still far attractive than bank increased FD rate.

Up to you to decide. Meanwhile Parkson is still continuing its shares buyback implying its share is still undervalued. Other stocks which conduct almost daily shares buyback has stopped their buyback activities eg Hap Seng and Rce Capital meaning their shres is not so undervalued now.

If opposing shareholder tarik harga just cancel merger because Maybank is not pursuing RHB.

HLIB in NST today say merger deal to be in lower range of 1.5 to 1.6 times book value(versus Eon Bank 1.4 times via all-cash acquisition). Why must CIMB overpay like people in OSK, MBSB and RHB thread say? Maybe only Aabar Investment(entry cost RM10.80) need to be paid more not other shareholders.

kwl8888, thanks for your information.

Why nobody want 7sen dividend next week?
http://klse.i3investor.com/servlets/stk/annent/1562.jsp

kwl8888, nice to meet you. So we can convert LA to mother share(8 to 1 is it)on our own by calling their registrar even using nominee account like myself? Need to pay anything? Who to submit registration form(share registrar, can e-mail?).

jackson yes you partly right although my calculation is 1700unit you can get 102 share dividend unless you don't mind 2 shares because 2 shares is considered odd lot.

Yes time to buy. This is cheapest stock which pay dividend.

Monthly minimum RM2.5 million, maximum RM4.25million led lighting products contract.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1660277
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1565305

Commision also higher. That's why I say you must buy minimum 5,000 shares.

Maybe tactic by CEO Datuk Nazir Razak to let it drop a lot before collecting back and announce pricing? After all he has sold during recent run-up.

So far no news on pricing yet. It is hoped that merger with RHB and MBSB will result in benefit for CIMB shareholders not like what happen today, otherwise better call off merger.

EPF fund manager sleeping during puasa month? They suppose to buy but key in sell?

Five (5)-year, 1%, irredeemable convertible unsecured loan stocks (“ICULS”) issued pursuant to the Rights Issue of ICULS with Warrants (as defined below)
Can someone explain how much dividend can one get?

Lai liao.

Only retailers who don't have holding power or impatient selling. EPF and Yeoh family still holding tight like myself. Undervalued with PE only 9.69.
http://klse.i3investor.com/servlets/stk/fin/6742.jsp

Parkson to boost in-house brands
http://www.thesun-epaper.com/fri/11072014/index.html#20/z

Less than 5000 shares you still can get share dividend but you end up with odd lot. Eg 1000 share you get 60 shares as share dividend if hold until 23 July 2014. But 60 shares is less than 100 shares(minimum amount one can trade on our own).

Today reach 37sen even no shares buyback. Is MBSB merger with CIMB good news for Rce Cap? One less competitor for Rce business.

CIMB to power KLCI above 1900 tomorrow?

Minimum must have 5,000 shares(or multiple) so that can get 300 share dividend(no odd lot).

OPR increase by 25basis point to 3.25%. Cash rich stock like Parkson should benefit by earning higher interest income. 2nd time declare share dividend within 4 months. Total share dividend so far 12% in 2014.

Wait for privatisation news. Ding Peng-Peng has bought at 40sen, now we buy half his bought price.

Better switch to Amedia, 4.5sen cheaper than EA. Director Wong bought heavily in Bursa announcement today.