Conversion of warrants got to pay money, my dear friend and Cash can be put to develop their 15 acres of land . It never be the end of the world just because of warrant conversion....

U have to buy more than 2000 lots, then only u start to comment that it is a good stock, otherwise all negative remarks here and there

Highlights :-

【拥有2片土地】
公司拥有2片土地
1片位于setapak ，15acre，1995年以0.16亿买入，至今还未重估
1片位于melaka，2.5acre，1998年以0.13亿买入，至今还未重估
事隔18年，个人推算这两片土地目前市价超过1亿

Read here

顺势投资marco

现价：0.165
目标价：0.25
信心指数：65%
行业属性：消费股（手表，计算机，钢琴，数码相机）
同行本益比：15

投资看点：
1）手表部门，公司负责销售手表
包括casio，hush puppies ，dunlop，baby G等多项著名品牌
在2012年，配合公司40周年庆，推出多项新款式手表，而且拥有6家G Factory outlet

2）计算机部门，主要是销售casio calculator，在年报，公司明确写明计算机部门受惠于 1 malaysia book voucher

3）电子钢琴和数码相机部门，公司努力推出新款式的电子钢琴，以提升公司营业额

【营业额贡献】
～手表部门：60%
～计算机部门：20%
～电子钢琴和数码相机部门：10%
～其他：10%

【本益比】
单季净利：4.9million
把单季净利全年化，4.9*4=19.6million
以目前市值1.4亿，本益比：7.5左右

【现金】
持有0.38亿现金，0.02亿总银行贷款，属于net cash company

【股息】
公司这五年都有派发股息，这三年，公司非常慷慨，net dividend yield>7%
2011年：1.65分
2012年：1.20分
2013年：1.80分

【net profit margin】>14%

【ROE】>14%

【未来展望】
1 malaysia book voucher有望提升计算机部门的销售额
强劲品牌是公司最大的王牌

【情牵marco】
-我记得我人生第一支手表是baby G（是我舅舅送我的）
-我爸爸的手表都是casio（他说特别耐用）
-我上中学，第一架计算机是casio 350（additional math课要用的）

【抗跌性强】
257位股东持有90%的票
外面流动量不多
股价都徘徊在0.12-0.165
抗跌性强

【拥有2片土地】
公司拥有2片土地
1片位于setapak ，15acre，1995年以0.16亿买入，至今还未重估
1片位于melaka，2.5acre，1998年以0.13亿买入，至今还未重估
事隔18年，个人推算这两片土地目前市价超过1亿

【弱点】
1）warrant要到期，预计会冲淡公司净利25%
2）泰国水灾曾经导致公司supply chain出现问题，这次泰国政治动乱，不知会不会影响公司运作

【后语】本益比低，股息高，net cash company，roe和net profit margin维持在双位数，拥有强劲品牌，拥有两片非常价值的土地，是不可多得的二线优质消费股

共勉之

If Macro gives 3 times ( dividends ) , others give only once a year, Macro is considered as bad and inconsistency ?

Remember it is a Net Cash Co, and properties held ( fully paid ) might not be revalued upwards for a long time to reflect a true n better picture ....so it is undervalued in one way or another

sold my Ecofirs bought at 19sen, thanks Ecofirs........

That might explain why the bulk 80% of the investors are noise creators and most probably would not making any good money......

Nice comment Invest 1818, infact I just sold my Ecofirs bought at 19sen and put the money in this company. As usual. the initial stage like Ecofirs is full of noises........with one or 2 wise comments like yours.

Nice , their cash value about 293million that is 0.489/share. Net Net Cash company...

On behalf of the Board of Directors of ECB, KAF Investment Bank Berhad wishes to announce that Curah Bahagia Sdn Bhd, a wholly-owned subsidiary of ECB, had on 31 December 2013 entered into a conditional sale and purchase agreement with Zurich Insurance Malaysia Berhad in relation to the Proposed Acquisition.


TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS ECOFIRST CONSOLIDATED BERHAD (“ECB” OR “COMPANY”) PROPOSED ACQUISITION BY CURAH BAHAGIA SDN BHD, A WHOLLY-OWNED SUBSIDIARY COMPANY OF ECB, FROM ZURICH INSURANCE MALAYSIA BERHAD, OF TWO (2) PIECES OF FREEHOLD LAND HELD UNDER H.S.(D) 24220, P.T. NO. 14250 AND H.S.(M) 10339, P.T. NO. 14251, TEMPAT 5½ MILE ULU KLANG RESPECTIVELY, BOTH WITHIN MUKIM ULU KELANG, DAERAH GOMBAK, NEGERI SELANGOR MEASURING A TOTAL AREA OF APPROXIMATELY 61.64 ACRES, FOR A TOTAL CASH CONSIDERATION OF RM145,000,000 (“PROPOSED ACQUISITION”)

Any news on Ulu Klang land Deal , directors say anything in AGM ?

Nice Blog , Bones. Updates us if u have more info . Thanks

I buy Ecofirs cos I like the turnaround company, hope more to come .....

Nice updates , Alex

Well WB is a good choice , by right should be trading at above 20sen aka at a premium.....

Caring only markets drugs, but Hovid is a real drug producer, surely more value added , right ?

Just need to keep the uptrend in intact, more people would jump in sooner or later........

Ya, many hidden values in Hovid. Another Fibon coming the way ....

Hovid W is kinda 30sen when Hovid hits 50sen .......

Good , u have our supports . 40sen is coming, then comes 50sen T/P

Good Call Brother Chong