For the last 2 FYE Gkent paid 5 sen dividend when they announced Q report in March. Hopefully they will repeat the same dividend next month. Wait and see guys

I believe on long term potential on fgv but sometimes u have to take profit especially when the price rise too fast. Out at 1.28 few days ago and profited about 35% in about 6 weeks. When i said potential downtrend based on candlestick reading, gravestone doji somebody bashed me but it is ok. At the end of the day we take charge our financial and dont blame others for something that we do. All the best guys

Finger cross everybody for Q report. Currently, more sell Q, hopefully trend will reverse

Best Buy
2030 1.270
7863 1.260
8359 1.250

Best Sell
1.280 12151
1.290 8234
1.300 5880

last Q loss mostly due to impairment of RM513 million (APL acquisition)

http://www.astroawani.com/berita-malaysia/kualiti-lrt-3-baik-meskipun-kos-kurang-rm15-bilion-guan-eng-199288

shares issued 3.65 billion of which about 34% (1.23 billion shares) owned by FELDA. So if u minus FELDA the remaining shares are 2.42 billion shares. So to get the total cost of privatisation u just times 2.42B with the price. I dont want to give example on the price as it will be subject to bashing from haters or somebody who cannot accept others' views.

if u look at top 10 shareholders, CIMB Bank ranked no 8 with 1.8% or 36.6 million shares. Is it because of settlers cannot pay the loan which they pledge fgv shares, then the shares were transferred to CIMB Bank?

@kaka22 pls dont use such words. We are here to have healthy discussion. Fyi, i am still holding fgv which i bought below 95 sen. Pls use normal name as kaka22 just registered with only i post. If you cannot accept others view better not discuss here.

The chart shows bearish trend in the near term. But whatever it is, it is your money and u have to decide and dont blame others.

What is a Gravestone Doji
A gravestone doji is a bearish reversal candlestick pattern that is formed when the open, low, and closing prices are all near each other with a long upper shadow. The long upper shadow suggests that the bullish advance in the beginning of the session was overcome by bears by the end of the session, which often comes just before a longer term bearish downtrend.

Not shooting star it is gravestone doji as opening as the same price of closing.

Candlestick

https://youtu.be/C3KRwfj9F8Q

29.1 enjoy the dividend first

My understanding on SBL

Note: Not my view on future price of gkent. Just for understanding. Pls correct me if I am wrong.

1. Principle is you have to return the borrowed stock.

2. For example lending fee: 4% p.a. (owner of stock will receive). Borrowing fee: 6% p.a. (borrower will pay). Current price= RM1.00 (of course today's closing is RM1.10). Borrowed units=10,000 units worth RM10,000

3. T30=RM1.20 (borrower sells 10,000 units = RM12,000.

4. T60: Owner of stock receives dividend of RM100 (1 sen per unit)

5. T90=RM1.10 (borrower buys 10,000 unit=RM11,000) and return the stock.

6. Effect: Borrower get profit of RM850 (RM12,000 - RM11,000 - RM150). RM150 is the cost of borrowing for 3 months at 6% p.a. (RM10,000*0.06*3/12)

Bank get income of RM50 (RM150 - RM100). RM100 is fee paid to the lender of stock for 3 months at 4% p.a. (RM10,000*0.04*3/12)

Owner of stock net worth increase by RM1,200 (RM1,000 + RM100 + RM100). RM1,000 for increase of value of share (RM1.10 vs RM1.00 for 10,000 units). RM100 for dividend and another RM100 for fee received for lending the stock.

Comments: Everybody is happy but owner lose the chance to sell at higher price as he has no control over the stock for 3 months

The only way syndicate to gain is sell the share then buy lower. Just my opinion. By the way, i am still holding gkent as i believe fundamental is strong. Seen the price touching 75 sen and luckily did not dispose.

Possibly affin borrow the stock and lend to a trader and charge the fees. The trader then will sell the stock in hoping that to buy lower and make profit then return the stock to affin.

Oasischeah: thanks

Just found out.

Second Interim Single-tier dividend of 1.5 sen per ordinary share

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 04 Jan 2019
2) The last date of lodgment : 08 Jan 2019
3) Date Payable : 29 Jan 2019

Tomorrow is div ex-date of 1.5 sen right? Ref price for tommorrow is 89.5 sen

Thinking to cut loss if approaching 75 sen

Yes Datasonic and Myeg got burn and hopefully no hanky panky with Gkent

Now is 1.27 (+5sen). Buy is 71%

atarah: the report was out about two months ago and i dont think it will affect tomorrow's price

https://www.bharian.com.my/berita/nasional/2018/09/469092/malaysia-dikecualikan-bayar-rm500-juta-tangguh-hsr

Next qr is sept

there will be a cabinet meeting to discuss ecrl today, let see

water meter business is less than 30% so mostly from construction

Entry 1.42 still holding

As Putrajaya mulls the options for the East Coast Rail Link (ECRL), Prime Minister Dr Mahathir Mohamad revealed that they have received offers to do it for as low as RM10 billion.

"Some even said they can do the ECRL for RM10 billion instead of RM55 billion. Some are Chinese companies, some are local companies.

"We have to talk with them if there is a possibility of reducing the cost from RM55 billion to RM10 billion. We would be stupid not to accept

Now 1.27 dropped more than 10%. Not sure whether to cut loss

Expect dividend of 2-3 sen to be announced in Sept and payment in Nov 2018

Malpac63: ur nightmare comes true. The lowest was 1.37 but it closed 1.40. Did not match mjne as i withdrew the q of 1.39 and bought at 1.42. Never mind got potential

Hope can i but at 1.39 today.

Waiting to buy at 1.39 but it seem like very difficult. Otherwise may buy at above 1.45 before q result next month. Maybe dividend announcement?

Profit taking at 1.45. Will enter hopefully below 1.40

“Following the up close on Aug 8, the stock is likely to move higher again with immediate hurdle at RM1.52.

“A crossover of RM1.52 should see further price rise to the next overhead resistance zone, RM1.62 - RM1.66.

“The support is pegged at RM1.39. A fall below RM1.39 would put pressure on the stock down to the subsequent support at RM1.29,” it said.

AllianceDBS Research said stock volume traded on Aug 8 was 14.8 million shares compared to the 3-month average volume of 15.8 million shares.

There are no plans to source for new project delivery partners (PDPs) for the light rail transit (LRT3) project, says Finance Minister Lim Guan Eng.

“If we have to call for a tender again, we have to pay more than RM4.2bil in compensation.

“This would be a cost that will be too heavy for the Government to bear,” he said when replying to a question by Datuk Seri Reezal Merican Naina Merican (BN-Kepala Batas) in Parliament on Tuesday (Aug 7).

FYE is 31 Jan so next q is 31 July which will be released in Sept

In line with the Group’s long-stated Strategic Plan to broaden its income base, the Group has successfully expanded the contribution of its Metering business over the last three years at a compounded annual growth rate (“CAGR”) of 24%. The quarter ended 30 April 2018 saw water meter demand outstrip supply in both local and export markets. Besides Hong Kong and Singapore, the Group exports its water meters to over 40 countries worldwide.

Gkent is a market leader in domestic water meter so have advantage over small suppliers regardless who own water company. Am I right to say that?

Still maintain my target price of RM2 by year end. Buyback just to generate interest to the public not so much on to push price. If the latter, then might as well spend more than 9% of shares base. Timing is important. By the way, trade at ur own risk.

Yup. Dont fall in luv. Long term is bright but maybe got to have stop loss price. Maybe 1.27

Bought at 1.41 on 13.7 as I believe this stock is grossly undervalued, PE less than 10 (of course pretty much less, u need to calculate to get the actual PE) and dividend yield more than 5%. Fundamentally strong. Stock has been oversold after GE14. I dont dare to put the target price but RM2 sound not asking too much by year end. Whatever it is, invest at your own risk. Nobody force you to buy or sell. It is your own money, anyway.

kena sabar dengan padini. as long as we know the company has fundamentally strong, i dont think we should worry

Most likely profit taking today

PETALING JAYA: Fashion retailer Padini Holdings Bhd’s shares rose to an all-time high to close at RM4.51 yesterday, as analysts remained optimistic on the homegrown company’s outlook and ahead of its 2.5 sen dividend payout on Sept 29.

The stock rose 26 sen or 15.35% to close at RM4.51 yesterday, with 3.19 million shares being traded.

On a year-to-date basis, the stock is up 77.63% and trading at a historical price earnings ratio of 18.85 times. It also offers a dividend yield of some 2.22% at its market capitalisation of RM2.96bil.

Padini sells clothing, shoes and accessories, and its most prominent brands are Padini and Vincci.

Amid weak the consumer sentiment, Padini continued to perform well.

The retailer posted a 14.6% hike in net profit to RM157mil for the financial year ended June 30, 2017 (FY17), against a net profit of RM137mil a year ago.

Revenue was up 21% to RM1.57bil from RM1.3bil previously, supported by positive growth from existing stores with an 8% same store sales growth.

.Another reason for the improved performance was because Padini opened 14 new stores in FY17. They included six Padini Concept Stores boutiques, seven Brands Outlets and one free-standing store.

A Bloomberg poll showed that Padini had six “buy” ratings, six “hold” and no “sell” calls.

According to Kenanga Research analyst Wan Mustaqim Wan Ab Aziz, Padini’s share price rally could be due to its much-anticipated dividend payout and the company’s strong fundamentals.

He said the steady fundamentals were mainly backed by its good financial performance and the retailer’s focus on the value-for-money market, especially for its Brands Outlet.

“Padini has also announced the closure of some of its Vincci outlets and Seed brand locally and abroad, as part of the company’s plans to restructure its business.

“This resulted in lower operating expenses for Padini during the last financial results (FY17),” he said.

While the sentiment is still soft, Wan Mustaqim, who has kept an “outperform” call on the stock, opined that the outlook for Padini was resilient, as the retailer has plans to open 12 value-for-money stores in FY18.

Another analyst also concurred with Wan Mustaqim and felt that Padini’s prospects remained healthy because of the company’s strategy to market fashionable yet value-for-money items.

Padini had said in a May report that about 90% of its products were sourced from China and just like other retailers, the unstable ringgit may pose a downside risk to the group’s growth.

Read more at http://www.thestar.com.my/business/business-news/2017/09/08/padini-shares-at-alltime-high-of-rm451/#pDkbyRD0K2kQxk53.99

KUALA LUMPUR: Shares of fashion retailer Padini Holdings Bhd rose to a record high of RM4.45 on Thursday as analysts were upbeat about its outlook and ahead of its dividend of 2.5 sen per share going ex on Sept 16.

At 11.05am, it was up 19 sen to RM4.44 with 1.09 million shares done.

The FBM KLCI was up 3.09 points or 0.17% to 1,775.57. Turnover was 1.01 billion shares valued at RM608.50mil. There were 379 gainers, 263 losers and 329 counters unchanged.

In the financial year ended June 30, 2017, Padini's earnings rose 14.5% to RM157.38mil from RM137.38mil a year ago. In the fourth quarter, earnings edged up to RM39.48mil from RM37.35mil.

At the current price of RM4.44, it is trading at a price-to-earnings of 18.48 times and for the FY ending June 30, 2018, it is trading at a forward P/E of 15.56 times.

KAF Seagroatt & Campbell has a Hold call with a target price of RM4.20 while Credit Suisse and Kenanga Investment Bank Research have Outperforms calls at RM4.80 or RM4.60. DBS Vickers has a Hold at RM3.55.
Read more at http://www.thestar.com.my/business/business-news/2017/09/07/padini-at-record-high-ahead-of-dividend-going-ex-upgrades/#ImzU6GRjILJ5TMGS.99

Malaysia's Padini Plans To Invest MYR20 Mln In Cambodia, Open Up To 4 Stores - Official

By Gho Chee Yuan
Nikkei Markets
KUALA LUMPUR (Sep 05) -- Padini Holdings, a Malaysian apparel retailer, plans to invest up to 20 million ringgit ($4.66 million) to expand its footprint in Cambodia amid tepid consumer sentiment at home market, its chief financial officer said.

The company aims to maintain same-store sales growth of least 8% in the current fiscal year to Jun. 30, Sharon Sung told Nikkei Markets. Padini also hopes to maintain a gross profit margin of about 38% this fiscal year, she said.

"In the first phase, we planned to open two to four stores in the next 12 months [in Cambodia]," Sung said. "We hope to see positive contribution after one year."

Padini's regional expansion comes at a time when Malaysian consumers continue to trim discretionary spending and delay purchases of big ticket items to weather a rising cost of living.

Consumer Sentiment Index rose to 80.7 points in the second quarter, but still below the optimism threshold of 100 points, according to Malaysian Institute of Economic Research.

In Malaysia, Padini has set aside about 10 million ringgit to open 12 more stores, said Sung. "We will continue our current marketing strategy and will have more efficient processes to reduce lead time for the time being," she added.

Padini, currently operates 126 stores, which consists of 42 Padini Concept Stores, 47 Brands Outlet Stores, and 37 stand-alone stores.

For the fiscal year 2016, Padini's net profit grew 71.30% on year to 137.39 million ringgit from 80.22 million ringgit a year ago as sales volume grew faster than operating expenses. Revenue rose 33.10% to 1.30 billion ringgit.

Shares of Padini, which have gained 44.23% over the past year, are currently trading 0.24% lower at 4.14 ringgit apiece, while the benchmark FTSE Bursa Malaysia KLCI is down 0.4%.

Padini announces registration in Cambodia http://www.thestar.com.my/business/business-news/2017/08/07/padini-completes-registration-in-cambodia/

Still holding bought at 2.03 (apr 16) and 2.82 (aug 16)

For 9M net profit up 18%. Com place rm95m in unit trust funds. I believe padini dont know where else to invest

Under current asset "Financial assets at fair value through profit or loss" the value is rm94.96. This might be value of unit trust compared to initial investment of rm95 million