nice result.meet my expectation.i believe the mid-to-long term recovery had just started.2nd half should do even better.
price should continue hovering around 40cen level.

for those who haven own the share.keep observing,don chase high,unless u are prepared to hold for 6-12 month.

result should come out within this week,operating statistic should be reasonable good,but i am not sure whether the cost of moving plant will continue to drag profit,just as what had happened last quarter.

it will be safer to wait till quarter result come out.if good,buy at a bit higher also never mind,cos upside is huge.and if it is no good due to exceptional item,then you will have chances to collect at lower price again.

before consider buy into notion,make sure u had holding power and ready to hold it for 6-12month.

financial should improve further in coming 1 to 2 quarter,after rationalizing klang's operation and capacity.good buy at 0.38-0.385.

@@23th February 2016:mr.koon write up an article,telling the whole world that VS is good buy and he is buying,VS was selling at RM1.34 at that time.
http://klse.i3investor.com/blogs/koonyewyinblog/91678.jsp

@@during 18th march to 11th april 2016,Mr.koon offloaded 44m share, VS was hovering between RM1.18 To RM1.27 during the period.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5084225

@@4th may 2016,Mr.koon explained why he disposed VS share,and claimed he is buying back VS at lower price.during 12th april to 4th may 2016,VS traded between RM 1.18-RM1.26.
http://klse.i3investor.com/blogs/koonyewyinblog/95922.jsp

@@6th may 2016,Mr.koon said he started to sell VS since 6 month ago,and he had stop posted any articles on VS since then.
http://klse.i3investor.com/blogs/koonyewyinblog/96035.jsp

judge it by yourself with the facts above.

i think latest result had fully reflected.should hovering around 65cen in near term unless general market continue to crash,stronger movement will only appear if 4th q result rebound timely,i'll collect more if price drop further.

just done detail study on 3rd q result.

--generally,revenue remain stable but flat due to slower export sales.
--margin keep improving,gross profit margin of 20.89%,compared with 18.26% previously.
--Net profit margin of 1.98%(core NP margin of 2.44%),compared with 2.15% previously.
--net profit of RM1.83m,down 16.14% y-o-y mainly due to RM0.424m write-off in plant and equipmen,as well as RM0.406m of forex losses.
--if excluded exceptional item(write-off),core NP will be RM2.258m(EPS of 1.74cen).
--profit's uptrend remain intact,new venture in fonebud may create excitement,as well as bring in new income stream going future,after pensonic collaborate with japan softbank to market fonebud.
--http://www.kangtaodeal.com/?p=650
--http://www.20qu.com/jingxuan/2016/46/1457364.html
--https://www.facebook.com/fonebud/
--i believe and hope pensonic could achieved core NP margin of 3%-4% going forward,based on operating statistic till date.

if pensonic's product really so bad,they wont be able to survive 33 year in malaysia,with revenue and business size keep growing.
do you ever think,why pensonic are able to achieved RM380m sales per year,if their product quality really so bad?
currently,i am using pensonic's water heater,boiler,fan and refrigerator for more than one year.the price is lower than other imported brand,and i am satisfy to products quality,no issue so far,i gain fair value from my spending.
recently,i found 7-11 and mini-market nearby my house also using pensonic's refrigerator,their are manage by very smart and calculative businessman,why dont their used panasonic if pensonic really so lousy?
thats why i believe pensonic can keep growing with the right management and strategies.

just for reference,no guarantee,if 3rd Q Net Profit...

>less than RM2m,consider bad,all speculator will sold, price might drop back below 70cen.
>>between RM 2.1-2.9m, no surprise,price might drop as well due to recent rally.
>>>between RM3.0-3.9m,good result,price might go higher but upside for short term is limited.
>>>>between RM4.0-4.9m,very very good result,price will goes up higher,80cen is easy target.
>>>>>above RM5m,no doubt,all shareholder will smile like this(^o^),RM1.00 also possible.

and of course,if you are long-term holder,there are much more to look on beyond NP figure...

probably no.but dividend payout might go higher if result improve further,since their capex is lower now.

i don really care whether prices will goes up or down tomorrow,but very care bout the degree of improvement in coming results.
if result continuously satisfactory,share price should keep growing,and i will be rewarded much more in longer term.

hehe.if i am holmes,i will definitely share pensonic's 3rd Q result with you all now,then we can decide whether to buy more or not;-)

for those who are interested on pensonic's new plant,here is the link:
https://www.youtube.com/watch?v=IYMkNl9OGrc
https://www.youtube.com/watch?v=-b0LBtofIb8

azura 11.higher debt was due to the company spend RM50 million in last 4 year to build new headquater at bukit minyak.
however, the high capex cycle was come to the end,since the new HQ was started up 4th q 2015.
as you can see,Pensonic's only spend RM1.8 million for property,plant and equipment during 1st half FY2016.compare with RM9.5-22m p.a during last 4 year.
furthermore,operating cash flow also strong,generated RM10m in 1st half.
so,with the debt of RM97m and cash in hand of RM27m,i believe gearing is not an issue,otherwise they wont be able to consistently payout dividend.

panasonic=toyota camry
pensonic=honda city
i am wondering can we compared camry and city directly while ignore the price different?or can we simply concluded demand for city should lower then camry,just because quality of camry is better?
target market is totally different man.
if wanna goes for premier brand and quality,then go for CORNELL,which also own by pensonic and comparable with panasonic.

SuperMan 99.very good and fair analysis.

cheap or expensive,we will know when 3rd q result released.
but,if you wanna outperform the market,you have to make reasonable prediction for future,and started invest while others still don see the hidden value yet.
for me,pensonic is a good buy,cos the company had successfully improved their business operation,and the financial effect haven fully reflected yet.
IF pensonic able to achieve EPS of 3-4cen in coming quaters,then at 68cen,was is expensive?

very good analysis.
3rd q result will release by end of this month.
if not mistaken,coming result should very good,and much better than 1st half,driven by stronger ringgit and steady sales.
with margin been improved steadily,what i am concerning now is whether the revenue will break RM100m mark with fans and coolers demand increased strongly in past few month.
if everything goes smooth,pensonic could be next rocket counter.
but,no contra for this counter.

technically,had to break 23.5cen then can only go higher.

i am also believe keyasic should return to black this year,due to Mcard is the only wifi enabled SD card for medical industry worldwide,and the sales was kick off last week with 10k unit order from a taiwan medical equipment company.

fixed operating cost of keyasic is low,so additional revenue should help to improve bottomline meaningfully.

correct or not,lets just wait and see.

got chance.financial improved for two consecutive quarter.latest report shows revenue growth significantly,this is very encouraging trend for a technology company like palette cos volume is needed to cover fixed expenses and amortization.

if revenue goes up further to RM2.5-3.0m per quarter.shareholders will LOL for sure.

keep monitoring.

there are several fact that should take into consideration:

1.)one acre of oil palm can only produce only 1-1.2 ton of FFB(now even low due to cyclical low season.）
2.）in order to produce one ton of palm oil,3.5-3.8 ton of FFB was needed.
3.)plantation lands wont mature at same time.some might old,some might immature.thats why clearing and replanting is needed each year.
4.)FFB output of jtiasa was only around 55,000 tonnes per month,and their produce about 8,000 tonnes of palm oil per month.
5.)palm oil business only contribute about RM400 million or 30% of revenue to jtiasa,the rest still come from logging and wood business.

with revenue of only RM400 million per year,how do Jtiasa earn RM630 million extra profit in a year,even CPO really goes up to RM 3000 per ton？

hi kusmitea.u can found it part B3 of the quater report of AWC.

good job anonymousinvestor.

bingo..as i guess..kenanga said notion will incur 2.4m losses this year due to FOREX LOSSES.what a funny comment,i am wondering do their analyst know how to calculate P/L of FOREX HEDGING correctly?

Val-Elta,probably u should write a more comprehensive report on notion.

1st Q profit was "hidden" by factory relocation cost,part of production line down temporary for relocation,inventory write off and abnormal tax provision.

kenanga will issue their analysis report soon,but i think their will continue to write bad comment.their never read and analyze operational statistic comprehensively,simply used headline figure to create the whole story.

so far,i strong believe Val-Elta is fair and the best analyst for notion.

haha!!!bjcorp's stock code:3395 was winning special price on SPORT'S TOTO drawing yesterday.if all the lucky person "reinvest" their money into bjcorp,price might move up a bit;)

actually,bjcorp only involved technical support services(rent equipment to real lottery license holder) in Philippine,so latest venture in Vietnam was their 1st oversea lottery license,cant compared with philippine business at all.

Example,can we compare OPENSYS with MAYBANK,or PERISAI with PETRONAS?

happy chinese new year TSVT!

new plant in bukit minyak are ETP project,pensoni is choosen as one of the EPP leader.upon completion,new plant should serve as catalyst fo future earning.

cos their are buying most of raw material in USD,but only export 30% of finished goods.

looks like contra kaki are hard to make money from this counter.however,those with holding power should hold tight,given that 2nd half result could do much more better with the strengthening of RINGGIT.

REMEMDER,pensoni is one of the beneficiary when RINGGIT appreciate.

hello bone,wanted to correct that appreciation of USD is actually negative to pensoni,atless for now,cos their bought raw material with USD,but only export 30% of products.

thats why pensoni suffer with RM3.9m forex losses in 1st half,cos extra cost haven fully past to customers yet,otherwise net profit for 1st half should much more higher.

surprising good quarter,even after deducted RM1.9m forex loss still able to achieve RM 2.7m NP or 2.11cen EPS.

if RM vs USD maintain at 4.3-4.4,or appreciate further,future result should perform much more better.looking forward for SONIC BOOM.

haha..SuperMan 99..excellent example!

FLBHD's shareholder started selling share from RM1.30,but price keep raising till RM2.90

MAGNI's shareholder started selling from RM2.30,price also keep moving up till RM4.60 today,even after bonus issue

just 45day ago,CHEEWAH's shareholder started selling share from RM1.12,all the way till today,but the share today closed at RM1.90.

same thing happen on NOTION,MR.TCF sold his share at RM0.38-0.39 three month ago,but today,NOTION closed at RM0.435.

think harder, u should know rationale behind.

top pick from investment banks means top avoid.

Dear Mr.Tan,here is the portfolio link of may self manage portfolio,
http://klse.i3investor.com/servlets/pfs/54186.jsp
thank you and wish you happy new year.

two weeks ago,only YTL-E and IFCAMSC are qualified for main board listing,but now,K-ONE has joining them since net profit for last 2 and 3/4 year aldy break RM20 million mark.

this might be one of the catalyst going forward.main market counter could obtain higher valuation,given most securities firms not allow margin play in ace market company.

look at cash flow statement,1st Q profit was deducted RM5.703million of "non-cash item",which means some provisions or write-off occur during 1st Q(definitely not depreciation) and drag down bottomline,even management doesn't mention this in notes B1.

otherwise,1st Q profit should much higher y-o-y,since operating profit gone up 120% to RM7.856million, compare with RM3.576million last year.

generally,operation remain intact and keep improving,i believe full year net profit of RM15 million or 5.78cen EPS target still very achievable.

thanks guys,appreciated for the support,i'll keep sharing while try hard to improve my english;)

q-o-q,sales increased by 9.9%,even with the impact of GST.

however,with headline figure not sexy enough,price might retreat temporary on profit taking and speculative cut loss.be patience guys,chances to buy at lower price is there.

margin keep improving,good sign,unfortunately RM2.1million of forex losses recognize in current quater,q-o-q,RM1.5million forex gain recorded last Quater,otherwise NP will higher.

interesting counter.profit is brewing for better 2016.worth to monitor closely

investment perspective,Notion looks very attractive now because:

1.)financial outlook are improving,should return to black from 3Q FY2015 onward.
2.)share price is attractive,only trade at P/BV of 0.34X,low 1yr Forward PE of 5-7x.
3.)generating very strong cash flow.at current market cap of RM120million,if you privatize Notion,its only take 2-3 year for you to recover the full investment amount from business operation,and u will still gain few hundred million worth of asset in the company.
4.)good dividend potential.(well,u can check their records in bursa website)
5.)depreciation charges which stood at RM40 million should reduce meaningfully from FY2016 onward,due to asset lightening exercises and various assets almost fully depreciated,any reduction will contribute positively to future earning directly.
6.)beneficial to stronger USD.cos most of the hedging contracts expired in may,and management disclosed wont hedge against forex,at less not now,the effect of stronger USD will be reflect in coming results.
7.)lagged counter under stronger USD theme play.(will it catch market attention after strong USD reflected in financial results?)

however,Val-Elta is right,in order to fully capture potentials above,you had to BUY and hold for medium term.

what should really really been aware is,the ability of Notion to generate cash,cos they are able to generate RM21 million from business operation in 1st half 2015,if we annualized the figure,there will be RM42 million cash generated from business operation,around 33% of its market capitalization.

actually,if notion successfully return to black,they can generate much more higher cash from operation.

tats means,Notion's business are operationally VERY profitable,with sustainable high margin,i am pretty sure the company can turn into net cash position within 1 year,and resume dividend payout.

just done a quick calculation,concluded with "notion 3rd Q result will be surprisingly good".

my forecast is,Notion will definitely return to black with Net Profit between RM10-12million,which equal to quaterly EPS of 3.69-4.43cen.seems like hard to believe especially when the share are trading at only 47cen,but it is indeed a very logical prediction.

mr.xind,i will definitely continue to hold if i was you,cos the company are right at the turnaround spot,future earning should keep improving,don miss the uptrend since u already suffered downtrend for so long.

notion should release 3rd Q result by middle of this month,hope my prediction are proven then.

if you apply golden 10x PE of 1st quarter annualized EPS,which stood at 1.39cen.fair value was around 56cen(1.39x4).

but,had to remember that the growth momentum had just came in,so higher valuation is deserved in opensys case,since the EPS will keep on growing for at less next 3-5year,depending on the speed of CRM order execution.

tats why i am now talking about the fair value of 70-75cen with upside bias.if you buy at current price or even lower.please continue to hold it for 2-3 month.at less don dispose below 50cen.stock like opensys are difficult to find in bursa right now.

opensys is clearly the king in sun raising CRM market.the company is now come to the explosive growth stage with local bank are trying hard to reduce fixed cost by adopting new technology,ATM are one of the area that need to transform,since local bank are spend multi hundred million yearly just to maintain their ATM/CDM.

CRM machine was selling at Rm 40,000-Rm50,000 per unit.given that most of the banks going to replace ATM/CDM with CRM within next couple of years,Rm600-750million worth of CRM order just ahead!

the most crucial things is,no other players in the market are capable to deliver the huge order,due to limitation of capacity,but only opensys!

please calculate yourself,with revenue of only Rm 45million in 2014,how much opensys actually worth with the coming orderbook and 12-13% historical net margin?as well as the recurring maintenance income for CRM?

i am writing an detail analysis report about opensys,given its unbeat outlook and deep undiscovered value.i believe the uptread of share price will continue,due to the stock had attracted eyeball of media,investor,and well-known investment consultancy firm like grandpine capital.

technical analysis supportive to my point of view as well,since the strong resistance of 40.5cen was broken last week.

fundamentally,opensys is definitely worth much more than current price,which stand at 44cen after last week rally.

PERSONALLY,i believe the intrinsic value was around 70-75cen with strong upward bias.

i advise everyone go and do a deep study with opensys.then you'll know the reason of my confidence and optimistic.the next techno star in bursa malaysia,could be this one.

opensys is clearly the king in sun raising CRM market.the company is now come to the explosive growth stage with local bank are trying hard to reduce fixed cost by adopting new technology,ATM are one of the area that need to transform,since local bank are spend multi hundred million yearly just to maintain their ATM/CDM.

CRM machine was selling at Rm 40,000-Rm50,000 per unit.given that most of the banks going to replace ATM/CDM with CRM within next couple of years,Rm600-750million worth of CRM order just ahead!

the most crucial things is,no other players in the market are capable to deliver the huge order,due to limitation of capacity,but only opensys!

please calculate yourself,with revenue of only Rm 45million in 2014,how much opensys actually worth with the coming orderbook and 12-13% historical net margin?as well as the recurring maintenance income for CRM?

i am writing an detail analysis report about opensys,given its unbeat outlook and deep undiscovered value.i believe the uptread of share price will continue,due to the stock had attracted eyeball of media,investor,and well-known investment consultancy firm like grandpine capital.

technical analysis supportive to my point of view as well,since the strong resistance of 40.5cen was broken last week.

fundamentally,opensys is definitely worth much more than current price,which stand at 44cen after last week rally.

PERSONALLY,i believe the intrinsic value was around 70-75cen with strong upward bias.

i advise everyone go and do a deep study with opensys.then you'll know the reason of my confidence and optimistic.the next techno star in bursa malaysia,could be this.