trader808

trader808 | Joined since 2019-12-09

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Stock

2023-12-11 16:19 | Report Abuse

Do not be overly discouraged. Profit from the lesson. Sell out,cut loss and move on.
Best wishes n happy trading
11/12/23

Stock

2023-12-11 11:46 | Report Abuse

1.Mudajaya is still continuing on its long term decline. There is no light at the end of the tunnel.
2.It is still struggling with its challenge to raise fund to pay off debts.
3. In the end the enlarged share capital could possibly balloon to 3b shares. It will hurt the EPS and hence the long term share price.
4. Investors would have to endure some scorching heat and brutal cold. The right issue will dampen company sentiment and share price.
5. all the best
Trade wisely
11/12/23

Stock

2023-12-09 11:27 | Report Abuse

You are like Warren Buffet who enjoys watching grass grows and his partner Charlie Munger who is excited watching paints dry.

2. There is nothing wrong with the strategy. It is a sacrify one has to endure to see her investment grows.
3 Happy trading.
9/12/23

Stock

2023-12-06 09:22 | Report Abuse

1.SDS has a spectacular rise from 25 sen and peak at 96sen in Mar 2023 on news for its transfer from the ACE market to the main market of Bursa.
2. After a blown out rally it started to correct itself and in July it has built a strong base at the support price of 58sen. Over the 4 months sds has soared an impressive
(71.5/58)= 23%
3.If you are among those of us who have longed the counter, you are better off today than you were yesterday.

4.Considering, that sds is a cyclical stock and its profit performance traditionally peaked in the 2nd Quarter that captured the mid autumn festival sales, it is therefore, not a bad
idea to take advantage of the rally and benefit from it.

5. SDS aspires to enlarge its manufacturing capacity and plan to open 3 cafes annually. While we appreciates its long term strategies, it is nevertheless not expected to experience explosive earning growth in the near term.

6. Hence, Sds will be a short term trading stock.
Happy trading.
6/12/2023

Stock

2023-12-04 11:47 | Report Abuse

1.Yes, you are correct. Just like what the market has expected, SDS reported substantial rise in revenue and profit in the 2nd quarter that captured the raising sales during the moon cake festival.

2.In about 2 months SDS has recovered from a low of 58sen in Oct to 69sen early this morning. During this period it has soared (69/58) an impressive 19%

3.SDS has declared 0.006 sen dividend and the dividend Ex date is on the 8/12/23

4.For the 2nd quarter sds achieved 84m in revenue and a profit after tax of 9.4m as compare to the preceding quarter of 71m and 4.9m respectively.

5. The counter is now trading at a PE multiple of 11x
6. It has attracted some buying interest. Volume has increased and share price has inched up.
It is hope that the momentum will persist and the continued buying could sustain the price at an elevated level.
7. All the best and
Happy trading
4/12/23

Stock

2023-12-03 21:36 | Report Abuse

1.It is a futile adventure and a fruitless endeavor in trying to explain how cold is snow in the winter to a worm that lives in the summer and dies early in autumn.

2.Likewise, for someone with a shallow mind will never understand the complexities of business in ekovest and much less its enormously huge potential and value. You will never comprehend.

3. I will not waste anymore time and this would be my last unkind, inconsiderate and harsh remarks on you.
4.I wish you well in your investment journey and all the best in the search of knowledge and wealth.
5. Happy trading
3/12/23

Stock

2023-12-02 23:11 | Report Abuse

1.Several years ago major shareholders of Mudajaya sold out and a Taiwanese tycoon called Jerry acquired a hugely substantial block of shares and embarked on a journey to reorganize, restrategize, refocus and revive the company.

2. Since than it has made many attempts to energize the company to improve the business operation, generate cash flow, strength of balance sheet, settle some debts and reduce its gearing,

3 The company has several years ago undertaken a fund raising exercise to pay debts and improve working capital.
4 With the new management, there had been some improvements in some quarters announcement with raising revenue and contribution. However, revenue and profit were erratic and inconsistent.

5. Over the years it has undertaken a massive geographical expansion and penetrated into china by acquiring Real Jade a cement company.

6 The acquisition cost for Real Jade was HK400m or about RM240m. Real Jade has begun and managed to contribute in some small way to the bottom line of Mudajaya.

7 Just as the market begins to see a green shoot of recovery in mudajaya, it announced a shocking news a week ago.

8. Apparently, the company is still owing the vendor of real jade RM119M and with added interest payment has ballooned to 127m. Mudajaya is having a tough time and facing a great challenge to repay the remaining acquisition cost.

9 Hence, it has announced a corporate exercise outlining a proposed variation and propose right issue with warrants to address the acquisition cost and debts problems

10 In the proposal, the seller has agreed to accept RM72m in cash and the remaining Rm55m in shares with consideration price at 22 sen or 250m new shares.

11. The company will offer 1 right issue for every 4 share held at an issued price of 17sen. For every right share subscribed, one would rewarded with a free warrant. The conversion price is 22 sen

12. In general, corporate exercise of fund raising through right issue is bad news. The fact that the fund raise is used to pay off debts makes it worse.
However, since its announcement, share price surprisingly still manage to hold on resiliently.

13.Mudajaya has issued share capital of 1875m. It will issue 531m right shares. it will also issue 250m consideration share to the vendor. The vendor will also subscribe 62.5m right shares and upon conversion of new warrant ,531m shares will be added and the total enlarged share capital would ballooned to 1875+531+250++62.5+531 =2999m

14 The enlarged capital would have a severely huge burden and seriously damaging to the EPS and the future share price.

15. The cement industry and business in china and to some extend Real Jade could possibly affected by the negative sentiment in the property and construction sector caused by Evergrander , country garden.

16. Mudajaya closed at 16,5sen last Friday. The reason why it did not fall much could partly because the right share has been priced at 17sen. If it allowed to fall to far below 17sen , than the right share will not be attractive. Existing shareholders will not subscribe to the right shares. The fund raising exercise will fail. Vendor will not be paid and there will be consequences.

17. This is the recent development in Mudajaya.
The company is still facing issues and challenges.
Can Jerry pull through? Would you stay invested. The choice is yours.

18. Hope it helps. Happy trading
2/12/23

Stock

2023-12-02 20:40 | Report Abuse

1.YES and strongly agree.
He is an insanely deranged imbecile who writes nonsense, untruth and misleading rubbish

2.This is a copy and paste version of his shamelessly brainless posting.

***But ekovest don't have real develop project. If they do some real things I maybe will support you***

3.Notice that Tan Sri said in the notes to the accounts ON PAGE 6 of the 1st quarter result announcement on Bursa days ago. He said,

***The revenue maintains stable as compared to 1Q
2023 as our Rapid Transit System Link (“RTS Link”) projects are progressing steadily.***

4.This real rich people is always fantasizing with and boosting about his s.k.p skinny kinky prostitute and absolute ignorant of the fact that Ekovest is the contractor for the JB-Singapore RTS link that is now 55% completed.

5 Work will go on until 2026 and is expected to open in Jan 2027. It will commute 10,000 passengers per hour each way.

6. The JB-Singapore RTS link is one of the biggest and hottest infrastructure in the states. Every other weeks there is update and write up in the press.
One must be mad and insane to claim ekovest has no project.

7. All Investors are proud to be associated with ekovest whose name and logo is a symbol of strength and trust.

7 Have a nice weekend.
2/12/23

Stock

2023-12-01 12:35 | Report Abuse

1.The forum is for sharing,learning and earning together. Hilariously, for someone who is Really Rich, every time he writes, he become famous as a clown. While many have definitely found his posting entertaining and amusing, they are nevertheless, misleading, inappropriate and downright disrespectful to the company and its investors.

2. To set the record straights Ekovest is not a PN17 company that you have irresponsibly claimed. On the contrary it has Rm1.165b reserve, investment fund 225m, short term deposit of 315m and cash balance of 89m.

3. Ekovest did not suffer losses continuously for 10 years as you have mindlessly claimed. Just like most companies during the covid years, ekovest sustained temporary losses in a few quarters and according to yesterday's announcement has triumphantly turned around with a small profit. For someone who constantly wish for pain and discomfort for others, and a strong passion to sell ekovest to fall from 50s to 15s you must be sadly disappointed for being deprived of the sadistic satisfaction.

4. You truly do not know EPF does not own DUKE highway. This is an assertion coming from some Really Rich guy who has too much alcohol. EPF paid 1.13b to acquire 40% of DUKE highway in 2010. This means 14 years ago just DUKE1 is already worth 2.82b.

5. When the alcohol fades and the hangover is gone and you become sober, kindly honor and respect the hard work of ymtan. Heed his advice, do your home work and post responsibly about Ekovest with facts and numbers and stop being a prolific liar. Tan Sri would not appreciate it. If you are his mistress, he would kick your ass and give you a mouth full.
6.There are many more misleading, misrepresentation, twist and distortion of facts in the Real Rich postings. You can read them but try not to waste too much time with it.

6. Dear friends and followers let us end this posting with a meaningful and joyful remarks to instill some confidence. The Setiawangsa - Pantai Expressway previously known as DUKE3 that is 100% owned by Ekovest and has been opened and tolled free for a month since Nov 2023. The grace period has ended. For its many years of remarkable and commendable devotion and hard work, today Ekovest can officially begin toll collection. It can go on for 53 years.
7. Tell the rich guy not to distort and twist the fact.
8. Happy trading
1/12/23

Stock

2023-11-18 12:35 | Report Abuse

1. Do you think Ekovest will fall from 50s to 15s?.

Stock market and share trading are not mathematical and engineering science. If you add 100 to 200 it must be 300 mathematically. Any other numbers are incorrect. You can drive a train at 300km per hour from KL and will reach JB in 1 hr 5 min and 40sec accurately. That is engineering science. Water will boil at 100 degree, not 99 and neither nor 101. In all these cases and many many more the outcome are known and expected precisely and accurately. This is engineering science.

3. Conversely, share trading is an art. Millions of people trade in the stock market and they buy and sell for thousand of reasons. The parameters that influence trading behaviors are huge, varied and uncontrollable. Some are consumed by greed, others are overwhelmed with fear. They are those who are irrational and impulsive, adventurous and risk seeking. Many are opportunistic and optimistic and some like Real is really pessimistic. Other factors include country and political risk. Sector outlooks and industry attractiveness company fundamentals and the list goes on.

4.Hence the outcome of a corporate exercise affecting share price are not known and expected or determined because share trading is not engineering science. For the same reason a proposal to reorganize , rationalize and merger of sister companies that result in a bigger entity with enlarged share capital in Ekovest may not necessarily dilute share price.

5. Notice that slightly more than a month ago, Ekovest issued 10% or 269m new shares at 43.5 sen to raise Rm117.27m and enlarged the share capital from 2690m to 2965m shares.

5. By conventional and REAL argument, the price must fall owing to share enlargement and dilution. On the contrary, following the fund raising and increase in share capital, price of ekovest did not dilute and fall . Instead it moved up from 43s to 50s to 55s and hit a height of 61s before it retracted and now building a strong base at 50s and above which is a far cry away from 43.5s. Why? Share trading is not engineering science.

6. Let's deviate momentarily and look at Capital A formally Airasia. During the covid years it lost more than RM7b and now has negative NTA of Rm2.01 per share and fell into PN17. Technically, the company has gone burst and insolvent. Again by conventional and REAL argument it should by down to 0.005s. Yet Airasia is hovering strongly at 80s and above. Why? Again, share trading is not engineering science. It is about investors' perception on the prospect and future of the company.

7. Now, the proposal has been accepted and TSLKH has a legally binding agreement and set it in motion. It is well received with excitement and anticipation.
Hence, Ekovest falling from 50s to 15s is highly improbable.

8.In the unlikely event that it is sliding down manipulatively, you can be assured that there would be damage control and strike back. Look at it this way. When you have a new car you would exercise great care to prevent it from scratches. When you have a new house you would equip and secure it against theft. That is how much you would protect your interest and love your assets.

9.Now when he owns a company with billion of shares in Ekovest and someone is going to burn it down by program selling to plunge it from 50 to 15 sen, don't expect Tan Sri to sit still. You have touched a live wire. And it has consequences.

He will mobilize all his friends and cronies, advisors and experts, financial and resources and walk in the corridor of power and use all the experience and skill of a shrewd businessman to take you on and teach you a REAL lesson you would never forget.
Prepare to be hurt. There will be broken bones and blood spilt figuratively.

10. In my layman opinion, it is safe to follow through the proposal,
ride on the free wagon and profit from it.
Happy trading
18/11/23

Stock

2023-11-16 14:40 | Report Abuse

1.The accounts of Ekovest are audited, verified and accepted to be true and fair with no qualifying statement by internationally renowned professionals and auditors. To say otherwise, is misleading and malicious.

2 In your closing statement which I copy and paste.
This is what you said
***But ekovest already 10 years more accumulated losses if want to become retained earning need to net off previous 10 years more accumulated losses. So I am saying if need to turn to positive returns earning need 15 years***

3. Had you read the accounts of ekovest, in the latest quarterly announcement in Bursa, you would have noticed that on the contrary, Ekovest has Share capital Rm1,138,871,000 (1.13b) and attributable retained earnings of 1,084,249,000 (1.08b) Yes, the company has retained earning 1.08b
By your expression, you have purposely created an untrue impression and statement of account of Ekovest that is misleading, damaging and vicious just because you dislike the counter. This is not the second times.

4. You write irresponsibly without facts, logic and basis. You elementary function as a worthy forumer in i3 to provide fair representations and accurate status is ghastly and horrendously neglected.

5 Had you post similar question at the AGM of Ekovest, the accountant will be angry with you. The auditor and the accounting fraternity will laugh at you. Tan sri would probably say he will not waste any time to enlighten small fly which hang around in toilet what bee does in the garden of Ekovest and Bursa. It is difficult for bee to explain to fly and make them understand why honey is better than shit.

6. Incidentally, in another posting you wrote and i copy and paste.
Here it is.
**But ekovest already 10 years more accumulated losses if want to become retained earning need to net off previous 10 years more accumulated losses. So I am saying if need to turn to positive returns earning need 15 years at least**

7. Ekovest was listed in 2003 and it has been continuing in business for 20 years since its debut in bursa. During these period Ekovest had a consecutive profit track record for 18 out of the 20 years. The company only recorded losses in 2022 and 2023 owing to complete lock down in the covid years with little revenue and income from the DUKE highway and construction. This is not surprising because most companies suffered losses in the covid years. Try not to hit too hard on a management that works hard.

8.As much as i respect you and your posting, i have begun to notice that despite your first name, yet many of the things you share in the forum is not Real but inventive and creative. This must stop for your own good and well being.

9.It is not a bad idea to heed the advice of a famous philosopher in which he said and i quote.
It is better to remain quiet and be thought a fool than to open your mouth and remove all doubts.
10.Think about and happy trading
16/11/23

Stock

2023-11-14 21:39 | Report Abuse

1.There are four 4 proposals initiated by TSLKH in his highly ambitious endeavor to reorganize, rationalize and merger of sisters companies. Besides, TSLKH, the companies involved are Ekovest Bhd, Ekovest construction sdn bhd, Knusford, IWCity, IWB,Credence SLP and others I may have omitted.

2.Let's talk about Ekovest and why?.Because in the end when the proposal and massive corporate exercise is completed this is the company in which Tan Sri has chosen to place and bet his money.
3 At the time of writing, Ekovest has issued share capital of 2965m shares, NTA of 0.86 and the closing price is 50sen.
4 The proposal entails and agrees that Ekovest shall buy 70% of Credence from TSLKH private company values at Rm1.14b or thereabout.

5 The method of payment involves Ekovest issuing 1900m new share to TSLKH at the consideration price of 60sen.
6. Next Ekovest will buy 2 parcel of lands about 15 acres along or adjacent Bukit Chargar for Rm310m. Again, the method of payment involves Ekovest issuing 517m new shares to the vendor or friendly party at the consideration price of 60sen.

7. In the end the enlarged share capital of Ekovest will be
2965m + 1900m + 517m = 5382m

8 We all know at its onset, TSLKH has 33% of issued shares or 2965 x 0.33 is 978m shares. Post proposal and upon completion of the massive corporate exercise TSLKH will have 978m + 1900m = 2878m shares. He will effectively hold 53% of the enlarged capital and new entity.

9. In one master stroke he has consolidated his position with a lion share and has a firmer grip in the company. Without the proposal, it will take up to eternity to acquire 1.9b new shares. Credits must be accorded to his team of advisors for the ingenious plan. And this in itself is sufficiently enough for us to follow and invest with the rich and famous and where they put their money.

10 Again to the skeptical, faint hearted who lack courage who also has a self fulfilling hypothesis that the enlarged share capital will dilute and collapse the share price from 50s to 15s is in fact a self indulgence and unrealistic fantasy. Here is why?

11. The NTA of Ekovest is 86 sen. TSLKH has strangely and reluctantly accepted the consideration price at 60sen. That is 70% P/BK value or 30% discount and than suffer another 10sen lower than the market price at 50sen.

12. One must be insane to even assume that TSLKH would sell any new shares to depress the market price further. Bear in mind , in the whole scheme of thing, all the shares are allotted to TSLKH or company and no other person. So, if he does not sell, the price will not fall.

13. To the existing shareholders, you will suffer percentage shareholding dilution because the number of shares will be enlarged by 2417m. Hence, your percentage shareholding in ekovest will reduce. On the contrary, TSLKH shareholding will consolidate from 33% to 53%.

14 Let's try to calculate the reference price RF on x date if there is an Ex - date which i doubt.
RF =[ (2965m X 0.5) + (1900m +517m) x 0.6 ] / 5382 ]= 54.5sen

15.This is the reference price and it is different from the market price. Hence, it does not mean that on the next day price will be adjusted upwards. The market price is determined by the natural forces of demand and supply. The equilibrium price is to a large extend will be base on the fundamental of the company that will determine the intrinsic value of the company.

16. In anyway it is unlikely that the price will collapse to 15 sen owing to share dilution in which someone has so confidently determined without basis and logic.

17. Your assumption is unwittingly reckless and somewhat insulting to the many funds and institutions that continued to stay invested and belittling to the transformation endeavor of TSLKH to bring Ekovest to a celebrity star status.

18 The attractiveness and intrinsic value of ekovest is believe to come from its DUKE123 expressway. In 2013 or 10 years ago, EPF paid Rm1.13b to acquire 40% of DUKE12. According to one investment bank DUKE12 is worth approximately 7600m and Ekovest's 60% stake is value at 4560m. In addition, the newly completed DUKE3 and just opened for traffic last week is 100% owned by ekovest and it is worth 5170m.

19. If this is accepted as a measure of value, than the concessionaires assets of ekovest is worthed Rm9.73b. Ekovest has borrowings and medium term note of 5.46b. Hence,the net value of expressway is 4.27b. Basing on the current issued shares of 2965m the expressway alone is valued at RM1.44 per share

20. It will take time for this value to be reflected in the share price. No one knows when. I am of the opinion that it will happen slowly, safely and surely.

20. This is my personal and layman expression of the counter and it is written and posted as a hobby and pastimes and in no way intended to influence your investment decision and strategy.

Happy trading
14/11/23




Stock

2023-11-11 18:36 | Report Abuse

1. The proposals had been accepted and TSLKH had a legally binding agreement and set it in motion.
2. To the one who is skeptical , faint hearted and lack courage, exercise your reasoning power and cognitive skill.
3. Look at it this way. A beautiful face could also come with a mole. Don't be obsessed and overly criticized the tiny black dot. Look at the face in its totality. There are forehead, eyes, nose, mouth, teeth and cheeks that make up the gorgeous face. If the proposal to reorganize, rationalize and merger of sister companies is akin to a face, TSLKH will not do anything to distort and disfigure it.
4. And likewise, share dilution could be the tiny black dot in the huge proposals of TSLKH to reorganize, rationalize and to merge sisters companies to become a respected conglomerate ,A seasoned investor will not be a coward and intimidated by a tiny black spot. Are you?
5. Happy trading
11/11/23

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2023-11-11 18:00 | Report Abuse

1.There is little quality and much less value in the securities perception and expression coming from the self- imposed professional who can't even tell the difference between paragraph 8.03 and practice note 17.

2. Be careful with who you follow and invite into your securities analysis and stock picks. If you invite and follow a clown, your portfolio will turn upside down.

3. The blind should not lead the blind.
Follow wisely N happy trading
11/11/23



Stock

2023-10-29 18:49 | Report Abuse

1. The proposal by Tan Sri entailed the reorganization, rationalization, merger of ECSB-Knusford, the acquisition by Ekovest of Credence a major shareholders of IWB and IWCity that own large plot of prime land in strategic locations at the Iskandar region with huge gross developmental value.
2.One of the proposals involves the merger of Knusford - ESCB a subsidiary of Ekovest Bhd.
ESCB is the construction outfit of Ekovest and it owns various properties, malls and hotels.
3.The value of ESCB has been fixed at a willing buyer willing selling basis at Rm450m and not 500m+. In addition, it will not involve cash payment but via a share swap. No cash involve the proposal entailed.
4.Ekovest has agreed in the binding agreement to accept an equivalent of Rm450m value in the numbers of new shares in Knusford for the merger. The price of share consideration has been fixed and mutually agreed at 60 sen

5. Prior to the Merger, Knusford will undertake a share split of 2 shares for 1 existing share and a bonus issue simultaneously. Thereafter, upon the completion of shares split and bonus, the merger will than proceed.
6. Knusford has 99m issued shares capital. Say 100m. It has NTA net tangible assets per share of Rm2.16

7. Because Knusford is a loss making company, it is inappropriate to value knusford base on earning multiple. Hence they relied on the value of NTA and aim at capitalizing its value through a split plus a bonus issue to the extend that the enlarged capital will arrive at a NTA per share of 60 sen.

8 Knusford now has 100m shares and a 2 for 1 split would enlarge the issued share capital to 200m and NTA reduce to Rm1.08. It is the intention of the company to enlarge the share capital to the extend that the NTA is 60sen or equal to the consideration shares
9.Hence the total number of share can be calculated as follows. That is 200m x1.08 divided by 0.6 is 360m shares. After the split it has 200m shares and after capitalization on NTA the maximum possible share enlargement is 360m.

10. Therefore the bonus shares can be as much as 160m bonus shares. So they can possibly announce a ratio 160 : 200 or 4 bonus for 5 existing shares.

11. Next kunsford will buy ECSB by issuing new shares. For the sake of discussion let us just use the last friday closing price of 84sen. Therefore, the number of new considering share to be issued to Ekovest Bhd will be 450m x 0.6 divided by 0.84 is 321m of knusford shares.

12 The total enlarged shares capital will be 360m + 321m = 681m

13. I believe the share split and bonus shares could improve market perception, liquidity and volume and generate positive buying interest for knusford.

14. This is my personal perception of the counter and the effect of its proposal.
I am not an expert and I analyse for personal enjoyment. I could be completely wrong. So take it with a pinch of salt and reserve any criticism.
Happy trading
29/10/23


Stock

2023-10-28 23:10 | Report Abuse

.IWCITY is affected by paragraph 8.03A of the main market listing requirement.
This is different from PN 17 which means a company has accumulated losses with shareholders' equity less than 25% of capital.
IWCity has 734m in equity.

Extract from the bursa announcement
On 17 March 2022 and 22 March 2022 respectively, the Company received emails from Bursa Malaysia Securities Berhad (“Bursa Securities”) referring to the announcement made by the Company on the latest quarterly report on consolidated results for the financial year ended 31 December 2021 (“Q4/2021 Results”) which has requested the Company to perform an immediate assessment and reassessment respectively on whether IWCity had triggered Paragraph 8.03A of the Main Market Listing Requirement of Bursa Securities (“MMLR”), in particular Paragraph 8.03A (7)(b)(i), and ensure compliance in relation thereto where necessary (“Bursa Requests”).

Stock

2023-10-28 22:20 | Report Abuse

1.On page 17 of the proposal there is an organization chart that clearly indicates Tan Sri current shareholdings in Ekovest is 33% and not 18%

2. Post completion of the corporate exercise as shown on page 18, Tan Sri will have 51% of Ekovest.
3.With the proposal that entails the reorganization, rationalization and merger of ECSB and Knusford , IWB IWCITY ,Tan Sri has apparently consolidated all his investment into the conglomerate status of new Ekovest.

4. To make it simple and without analyzing any further the massively complex and Tan Sri mega proposal to monetize the assets,just follow the rich and smart where he put his money.
5 Following the announcement on 27th Oct and establishment of a legally binding agreement with respective companies, One may want to take a chance with calculated risk on Ekovest.
6. I do not presently have any share in Ekovest but this could change in the days/ weeks to come.
6. Happy trading
28/10/23

Stock

2023-10-28 21:41 | Report Abuse

IWcity has shareholders' equity of 737.4m
The company has 1.36b in current assets and current liabilities of only 308m.
It NTA is Rm0.8 and share price 62.5sen
With these numbers it will take eternity to plunge the company into pn17

Stock

2023-10-28 21:26 | Report Abuse

Correction, IWCity is not a PN17 company.

Stock

2023-10-22 22:20 | Report Abuse

1.Fundamentally, Mahsing has been widely researched and analysed and strongly recommended stock by several investment banks. There is nothing much anyone could add to improve on the content material, quality and value of the research. It is all up to any individual to study and exploit the contents,act on it and in the process benefit and profit from it.
2. Sadly, it does not necessarily happens in this way. Some waited to long to buy when the price has gone up too much and too fast. Others are too greedy and waited too long and too slow to sell and eventually got stuck in a diminishing return or loss position.

3.Technically, Mahsing had an impressive and spectacular rise from 58 sen in July to reach a new height of 92sen in early Oct and then fell from its peak to close at 77.5 sen last Friday.
4. In a short span of time the share price has gone up [92- 58] / 58 = 59% Considering that the bank FD only pays 4% interest, therefore, 59% in 3 months is absurdly incredible.
5. No share can go up indefinitely. At some point in time it will retract. Hence, if you fail to square off the position and realize the gain on raising price, you have to suffer the consequences.

6.In the studies of securities analysis, it teaches you to take advantage and benefit from the knowledge and implication to liquidate and take profit on first reversal day according to the candlesticks chart.

7.What Is a Reversal? A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside.

8. I am not too enthusiastic to dwell into these details here. I have taken advantage and benefited from the knowledge and implication of first day reversal.

9. However, if you are stuck with Mahsing yet, all is not lost. while you may be disheartened, miserable and somewhat lost,perhaps knowing that Mahsing is widely researched and analysed with many IB having strong buy calls and that Mashing possessed all the valuable ingredients of a long term value investing stock should provide some warmth and comfort.

10. Looking at the candlesticks chart technically,Mahsing seem to take the pattern of a SHS top formation. The neckline is at 76sen and it is a strong support. If it is true, then price could advance up to 83 sen or higher to form the right shoulder in the immediate term. Hence, those without position could take a chance and those who are holding a loss position could add some risk and cost averaging.

10. I am not an expert.Because you ask, I analyse for fun. So, take it with a pinch of salt.
Happy trading
22/10/23

Stock

2023-10-22 18:19 | Report Abuse

1.In the last 3 months, the fundamentals of SCG had improved tremendously. It has managed to generate a net cash of 62m from operation and a free cash flow of 29m. The company now has 50.8m in cash and term deposit compare to 21.8m a year ago.

2. More impressively, it managed to reduce its debts from 221m to 186m. It has demonstrated excellent ability in repaying debts plus a positive trend and committed effort to reduce it further in the coming few quarters. The loans and borrowing are financed by banker's acceptance. The gearing has improved and risk is more acceptable.

3. The company has declared and paid Rm2.24m in dividend.

4. It has successfully won more projects and the order on hand has attractively exceeded Rm1.b that would keep the company busy and profitable from many quarters to come.

5. With several cable manufacturers going into receivership and Sarawak cable affected by PN17, SCG has in a short period of time become the leading and preferred supplier of cables in Malaysia. It potential is huge and the prospects is brilliant.

6 The investing public and possibly some funds and institutions have begun to see and recognize the great potential in SCG and its future intrinsic value.

7. Basing on the sudden spike in volume and persistent rise in share price, it is not surprising that SCG already has some impressive big funds or institution added into its shareholders list.
8. To steadfast and die hard investors, scg has begun to shine. Someday you endurance and perseverance will be rewarded. This time it is real. I think so.

9. I have selfishly remain silent and refrain from commenting on the positive and radical change in the fundamental of SCG since the most recent quarter result announcement.

10. It is not entirely a bad thing to get stuck with SCG. It is like been trapped in a terrible traffic jam in your Porsche with a girl friend of wife material.
11. The longer the better.
Happy journey and happy trading
22/10/23

Stock

2023-10-22 10:12 | Report Abuse

1.Nothing is static in operating and managing a business. The business environment is dynamic and ever changing. It is inherent and forming part and parcel of running a business. A little service tax is nothing new. It is a business operation parameter that came in different shape and form that need to be addressed. Although it is a challenge and shortcoming it is not alarming.

2.These are the normal issues and challenges of business management. Years ago manufacturing sectors had to absorb the mandatory minimum wage of RM1500. This item altered their balance sheet, profit & loss and cash flow of companies. It did not kill them. They responded and reacted to the issue and came up on top of it. Share price subsequently bounced back and conquered new height.

3.Again, if you are in the cable manufacturing sector, you have to face with the share rise and fall of copper price recently. A hedge in the wrong direction would kill your profit. Management is there to react and respond to issues and challenges in the dynamic business environment. SCG survived and share price is advancing sky high.

4.The depreciation of ringgit has made all input cost and all imported items costly and expensive. These too did not kill the business. The rising cost of fertilizers and chemical pesticides and fungicides did not kill them. Planters are generating higher revenue and profit. Why? The management manage the issues and challenges efficiently and effectively.
5. For these companies, their issues and challenges are far more damaging than a 2% service tax. They do not only survive and but triumph over it. If they can, so can sptoto.

5. Hence, one should not lose any sleep over the service tax. Let the expert handle it. The recent collapse from 158 to 143 and bounce back to 146 yesterday has in fact open up an opportunity for you to enter cheap and collect a huge position.
Happy trading
22/10/23

Stock

2023-10-16 20:55 | Report Abuse

1.Share buyback has strongly sustained the share price. Slowly and gradually it has again successfully elevated SPTOTO to the one fifty level today.

2. Even at Rm1.50 it is only valued at a PE multiple of merely 9 times. In addition , it has an attractive dividend yield of 6%. Therefore, the counter is somewhat undervalued. And for the same reason the management has been persistently buying back its own shares on a daily basis.

3.At the moment, Rm1.20 seem remotely unlikely and unthinkable. It would take a catastrophic phenomenon to collapse the share price to the miserable level.

4.Hence, waiting for 1.20 is like waiting for a ship to arrive at the airport.
It is a futile adventure and a fruitless endeavor.

16/10/23

Stock

2023-10-08 14:51 | Report Abuse

1. Someone converted 163333 warrants to acquire the same number of shares by paying the conversion price of 0.22 per share whereas the current market price of Mudajaya is 18 sen

2.The total amount paid was 163333 x 0.22 equaled RM 35,933. Conversely,anyone who is not so ignorant would have just bought the same number of shares directly from the market at 18sen. The total amount needed would be 163333 x 0.18 is Rm29399.

3.You could have saved 35933 minus 29399 is RM6534.

4. Hence, acquiring 163333 shares through warrant conversion in which the warrant is out-of money instead of buying directly from the open market by paying RM6534 more is unwittingly wasteful.

5. You arithmetic studies has been sadly neglected.

6.This costly lesson also reflected a complete lack of knowledge and understanding of the features of derivatives and the underlying securities plus a complete breakdown in communication and collaboration between clients and remiser.

7. Convert wisely
Happy trading
8/10/23

Stock

2023-10-07 00:39 | Report Abuse

1.Astro strongly persisted on a long term down trend and after many days of fall, yesterday on 4th Oct it successfully staged a 1st day bottom reversal technically on the candlesticks chart represented by a tiny green bar.

2.What Is a Reversal? A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside.

3. Hence, yesterday Astro has opened up a golden opportunity to buy at 41.5 sen to take advantage of the theory of bottom reversal.

4. True enough, the buying interest persisted on and the momentum gather strength. The counter closed impressively 2 sen higher with a bullish engulfing candlestick at 43.5sen.
5. Let it be forewarned, bottom reversal is akin to an organism that happens quickly and deliriously that is short lived.
6 Therefore, a transaction with Astro, which is a collateral damaged stock should be a short term relationship with no long term commitment.

7. Take your intra day or contra profit and run. Let it be forewarned.

8. This is my personal observation and trading base on the candlesticks chart and it is not intended to influence your trading method and strategy.
Happy trading
6/10/23

Stock

2023-09-12 10:13 | Report Abuse

1. 269.5 m new shares are added to the issued capital this morning. The revised price, arithmetically should be ( 0.52 x 2695m )/ (2695m x 1.1) = Rm0.47

2.Placement shares are earning per share destructive hence, it is logically expected to collapse the share price upon its listing.

3.Unless artificially supported by program buying, E company will in the short term retreat back to its placement price of 43 sen.

4.Money doesn't fall from the sky. Rising share price must be supported by rising profit or at least a story of potentially rise in profit

5 Have you an alibi that many are not aware?
Happy trading.
12/9/23.

Stock

2023-09-08 14:02 | Report Abuse

1.An investment in Mahsing is not a hundred meter sprint. It is akin to a marathon race in which everybody wins a price that commensurate with your effort. Even If you come to the marathon as a spectators, you get to enjoy the crowd and noise, the sporting environment and excitement. So if you did not buy Mahsing and but having it in your watch list, just by looking at it you get excited and amazed by the market noise, the volume and volatility.

2.If you participate the marathon as a competitor by jogging and running a short distance you get some exercise that boost your energy and health. This is akin to buying Mahsing and stayed invested in a few days to harness your investment skill and be happy with a small contra gain that boost your pocket.

3.If you run but did not complete, you get a price that commensurate with your incomplete effort may be a certificate of participation and a souvenir. Likewise, for those who bought Mahsing and sold out yesterday you enjoy short term but small capital gain. Those who stay on and remain invested until yesterday 7/9/2023 get the dividend.

4.If you finish the race in the top ten, you get a bigger price. If you finish the race and appear as number one, you get the champion price. Stock market investment require discipline and endurance and the courage to overcome the fear factors in market decline and correction.

5.The fundamentals and prospects in the property and construction sectors had positively changed and improved for the better. Mahsing has been widely and extensively researched and analysed. The counter is strongly favored and recommended by various brokerage houses.

6. It is experiencing a long term up trend. Those with energy and passion, endurance and perseverance will show up as champion.
If you ignore the market noise, stay away from the screen and remain invested over a longer horizon, some day you will be handsomely rewarded.

7.Today you get the dividend and the champion trophy awaits you.
Only endurance and perseverance prevail.
Happy trading
8/9/23

Stock

2023-09-07 10:08 | Report Abuse

1.In the last 2 days, Mahsing managed to overcome a setback and a intra - day decline from 82.5sen to hit 79sen over huge volume and sustained buying interest.

2. Yesterday, it staged a spectacular robust comeback to hit 83.5sen but closed encouragingly although off its intra day height at 82sen.

3.Would it continue with its upwards momentum and persist on to conquer new height on the eve of dividend x date remain to be seen.

4. If it does, it would be welcoming and pleasing.
5.The bulls seem to have been overwhelmed with fatigue after months of hard work and fine effort. In anyway by 5pm today, loyal and steadfast investors will be rewarded with 3 sen dividend plus the recent run up in capital gains.

6. One may expect more good things to come in the months ahead. Many Investment Banks, brokerage houses and Research outfits concur in their research and analyst reports with promising and raising target price.

7. Have a great day and happy trading
7/9/23


Stock

2023-09-04 23:41 | Report Abuse

1. Mahsing resumed its upwards momentum and overcome formidable resistance at 82sen to close impressively 2 sen higher at 825 over huge volume traded

2.Although its rise in share price is remarkable and commendable over the last few days, it is merely playing catch up comparatively with its peers as in, Ecoworld, Suncon and SPSetia which has sky rocketed spectacularly.

3.At 82.5 sen Mahsing is trading at a PE multiple of 10x where as Ecoworld has a significantly higher pe of 18x and Suncon 15x follow by SPSetia 14x.

4. Mahsing is therefore reasonably expected to move upwards and conquer new ground and new heights basing on the basis of price earning multiple. Besides,the 3% dividend would stabilize the higher share price and help sustain it at elevated level.

5.. There has been substantially rise in revenue and profitability in Mahsing. The fundamental for the property sector has positively improved. And the prospect of the company is bright and promising according to extensive research published by various brokerage house.

6. It has come a long way and Mahsing is aptly due for a re rating with target price RM1.00 from Rakuten.

7.Heeling Rakuten's excellent analyst report, one may resist the temptation to dispose and in stead sit back with folded arms watch the screen and let your profit grows.

8. This is just an expression of opinion and it is not intended to influence your investment plan and trading strategy.

All the best and Happy trading
4/9/23

Stock

2023-08-31 17:32 | Report Abuse

1.This is not intended to rub salt in a wound. Months ago, you have been forewarned with extensive analysis supported by facts and numbers. On hindsight, it is better to abandon *m* for M.
2. Wise up, be aware and take appropriate actions.
Trade wisely
31/8/2023

Stock

2023-08-31 16:38 | Report Abuse

1. Last year in 2022 the company reported a revenue of 808m and a loss of 124m. In 2023 according to the financial results that has just been announced yesterday, the company generated 1.117 billion in revenue and incurred a loss of 110.8m in two consecutive years.

2. Despite announcing a horribly disappointing result, market celebrated the performance by aggressively chasing up the share price from 43.5 sen three days ago to hit an intra day high of 56.5 sen and closed impressively at 54 sen over gigantically huge volume.

3. That is a massive 24% rise in 3 days.

4.Yesterday, the trading of Ekovest was ceased and After one hour of trading halt, the company inform its shareholders that it has proposed a private placement of up to 269m shares or 10% of the total number of issued shares at 43.5 sen representing a discount of 9.09% to the five - day VWAP

5. Traditionally, only announcement of huge profit, merger & acquisition award of project and other price positive and sensitive information would drive up share price. However, for Ekovest, a surprisingly rare private placement excites market and spices up its share price.

6. What is the implication and significance of a private placement PP?

7 PP involves the issuance of new shares. For Ekovest its PP would add additional 269m new share and would enlarge the current issued share capital from 2695m to 2964m shares
An increase and enlarged share capital would dilute earning per share EPS and accordingly reduce share price if not negatively impact share price. Hence, market chasing up share price over PP is unconventional but astonishingly true for Ekovest

8. PP is offered at a 10% discount, well almost and to a selected group of investors. They are usually friendly parties with deep pockets. These are shrewd businessmen to whom money is made at the time of buying. All of us only make money when we sell. This is a money game in which people of high net worth may benefit and enjoyed. So, think about it.

9. If you are a minority shareholders of ekovest the above two points would put you at a seriously disadvantage, shot- change and unfairly treated position and yet it is unavoidable simply because PP does not require shareholders' approval and EGM is unnecessary.

10. The advantages of PP enable the require money can be raised with speed and accuracy without tedious and lengthy process as in a right issue of shares and bonds and bank loans and borrowings.

11 In addition, there is no principle repayment and zero interest payment for the company. This would ease cashflow and improve working capital. This in itself would provide the minority shareholders with some comfort for being short changed.

11. It is hope that the management would use the fund wisely and mightily for the purpose of which it was meant to be used to generate earnings and wealth for the company.
12. This has been my thoughts on PP.
Happy trading
31/8/2023

Stock

2023-08-18 21:30 | Report Abuse

1. That does not mean SCG is precarious and hopeless. In simplicity, it means the opportunity cost of holding SCG is high and hence, if given a choice a serious and wise investor would look for a better alternative in his portfolio management and efficient allocation of resources and capital.

2 What has been lay out is the logic and basis of stock valuation. The value of share is simply EPS multiply by a PE multiple. On a long term prospective of 3 years and beyond horizon SCG must generate 3.6sen EPS or a profit of 43.2 m to worth 45 sen with 12.5x PE multiple.

3. What does this means and how much additional work they need to do?

4. The cable manufacturing and supply industry is highly challenging and fiercely competitive. Some of the big guys in the industry like Sarawak cable, Universal Cable, Leader Cable and others has been down sized,fallen into PN17 and gone into oblivion.

5. SCG is operating under very severely competitive nature of the business environment and facing enormous challenges to withstand the rapidly declining profit margin. In the 4Q 2022 its revenue was 238m and profit was 4.56m. Therefore its profit margin is a miserable 1.9%. Basing on the 1Q2023 the latest quarterly announcement it has a revenue of 240m and a profit of 5.14m. Again the profit margin is 2.1% which is pathetic.

6. It is undeniable, cable manufacturing is tough business. To further demonstrate the cost impact, SCG would need a yearly revenue growth from currently 875m to 2.057B
( 43.2m divided by 0.021) to generate 3.6 sen EPS for its share price to worth 45 sen

7. These numbers are prohibitive and again realistically unexpected.
It would take a seriously patient, uninformed and oblivious investor to stay invested.

8. That's why the funds are not buying and institution are avoiding. The IR is not promoting and the analyst is not briefing. Profit margin of 1.9% is simply unattractive and it means tough business. There is no room and tolerance for error.

9 On a year end prospective, if we annualized the 5.1m 1Q profit the annual profit would be 20.4m or an EPS of (20.4/800) = 0.0255 sen
Applying a PE on the higher range say 15x would price the counter at 38 sen at most.

10. Currently, at 35 sen SCG is somewhat fully valued.
Trade wisely
18/8/23

Stock

2023-08-16 22:52 | Report Abuse

1.Nothing will drive up share price except profit and earnings growth. And even so, profit must be sufficient to match the rising share price and sustain it.

2. This happens and very well explains SCG and the reasons why its share price remains lackluster and unresponsive. Even though the company has generated impressive improvement in profit unfortunately, it is inadequate and unqualified for a re- rating.

3. Successfully secured and awarded mega project leading into big order is not earnings. Until orders are transformed into earnings, share price does not move. This takes time and energy and most of all patience. So, the question is can you wait or rather is it worth waiting.?

4. SCG closed at 35 sen today. Do you think it can go up 28.5% to 45 sen. What does it take for SCG to trade at 45 sen?

5. As you are aware, SCG has 800m paid up share capital. Not long after listing it has rewarded its shareholders with 400m free warrant.The exercise price is 27.5 sen and upon full conversion the fully enlarged share capital will be 1.2b shares.

5. SCG whose market capital is far less than 300m is a small company. I therefore would envisage it to trade at Bursa PE of 12.5x and to trade at 45 sen it must generate an EPS of 3.6 sen.

6. Upon full enlargement with 1.2b shares would mean SCG has to generate a profit after tax of 1.2b x 3.6 sen is RM43.2m Considering the profit performance of scg over the last 3 years were between 10.9m to 14.5m, it would be an enormous challenge and incredible feat to achieve 43.2 m. It is realistically unexpected.

7.The enormous share capital structure at its inception has its drawbacks and the reward of free warrant has returned to haunt the share price and its performance in the long term.

8. I am of the opinion that SCG should courageously follow the foot steps of Ptrans and opt for share consideration and avoid being a penny stock.

9 Just talking only.
Happy trading
16/8/23

Stock

2023-08-13 20:52 | Report Abuse

1. According to the notes of the account the (-RM894,000) is not Cash Flow from Operating Activities. It is in fact the miserable and negative cash and cash equivalents of the company at the end of 1Q 2023

2. The notes to the accounts clearly specified that the company has 54.713m of which

1. Deposit held as securities value 41.630m
2.Bank balance held as securities value 2.737m
3 Debts service reserve accounts 11.240m

3. Hence the bank balance actually has a deficit shot fall of -RM894,000
Considering the horrendously critical situation of negative cash position, it is therefore, unlikely for Jaks to declare any dividend.

4. Those expecting a dividend will be sadly disappointed. The higher the expectation the greater the disappointment.
Happy trading
13/8/23


Stock

2023-08-13 18:06 | Report Abuse

This is the jewel of the crown. It is unlikely that Jaks would even entertain the thoughts of a disposal for an assets that has generated 156.2m and 140 7m in 2022 and 2021 respectively.
2. It will not happen for many many more years to come. It is akin to slaughtering the burgeon goose that lays the golden egg. It would be unwittingly foolish and reckless after many years of labour and hard work.

3. If it does happen some time in the future, there will be a huge proposal possibly 200 pages in length contained in a circular and disseminated to seek shareholders' approval in an EGM. Until then, do not jump the gun and unnecessarily burden your mind.

4. In anyway if you really must know and waiting to impress upon your girl friend
(just kidding) you can evaluate the asset in this manner.
Asset valuation is base on earning basis. So just take the earning multiply by a PE multiples of companies in the similar sector of industry.

5. Hence, if you arbitrarily assign a random number PE of say 11.43x similar to YTL Power today, then the asset is worth 156.2m x 11.43 =1.785b in a nutshell.

5. May you be informed and enlightened. Hope it helps.
Happy trading
13/8/23

Stock

2023-08-13 14:03 | Report Abuse

1.According to the 1Q result announcement ending Mar 2023, Jaks generated a revenue of 14.16m in its business operation on the company level and sadly an operating loss of (- 19.28m) for the listed entity.

2. The dismayed financial performance was fortunately cushioned by the share of profit of 28.32m from the JV and 30% ownership of a power generating and selling plant in Vietnam.
3. The heavy losses of the parent company has been off set by the profit contribution from the JV and resulted in a profit before tax of 9.04m.

4. Despite the seemingly good result, the company actually generated or facing a negative cash flow of ( -12.03m ) in addition to ,a negative cash flow of (-28.77m ) last year corresponding quarter.

5. Hence, the ability of the company to maintain and fulfill a healthy working capital requirement is weaken and seriously deteriorating. It is not surprising Jaks may have to resolve to some corporate exercise to raise fund through a right issue or private placement in the near future.

6. Should this happens,it is value destroying and therefore would seriously dampen the counter's sentiment and investors' spirit and interest.

7. The investment merits for Jaks over the past few years has been centered on the designing constructing, commissioning and selling of electricity in Vietnem. The much anticipated project has been successfully completed and in deed profit generating.

8. Ironically and unfortunately the share price performance of Jaks has fallen sharply and continued in is decline.
WHY??

9. Perhaps, one must understand that the JV with Chinese company in which Jaks has a minority stake of 30% ownership would categorize the investment in the JV as an associate company of JAKS.
10. Therefore, the revenue and profit were sadly not consolidated into the accounts. It shall be reported as gain or loss from JV.

11. Owing to the accounting practice, despite profit from JV company JAKS does not receive cash and as such in no way helping towards strengthening cash flow and working capital.
12.. It is like a swamp of bees coming into your garden feeding on the nectaries of your plants and flowers and fly home to Vietnam to produce the honey which you can see from a distance but cannot touch and much less taste it unless it declares a dividend or Jaks cash out on disposal.
13. Until then, Jaks will continue to face issues and challenges in its business operation. Expected to announce erratic financial performance and has to endure lackluster share price and struggle to sustain it at a hugely diminished level.

14. It is hopeful that the commitment and determination of the management and its desire for success would some day steer the company out of trouble water.

15. This is my personal perception of the counter and it is not intended to influence your investment plan and strategy

Happy trading
13/8/23

Stock

2023-08-11 11:32 | Report Abuse

1.Traditionally, HS is expected to announce its 2Q result on 25th Aug. Last year it has announced a profit after tax of Rm132.58m for the corresponding quarter.
What would you expect from the forthcoming 2Q announcement?

2.As you may be aware in a related party transaction, Tan Sri has successfully acquired HSMCL from HS. The transaction has been completed in June 2023 and it would be captured into the books and account of HS in Q2.

3.The selling price was RM837m or incredibly 3x the price to book value on a willing buyer willing seller basis.
The related party transaction would result in a one off disposal gain of Rm563.7m for HS. It is expected to improve the EPS by 22.6 sen

4. Hence, one would reasonably expects HS to at least report a profit on 563.7 + 132.5 = Rm696.2m in the forthcoming announcement. Any number lower than 696m would be deem a poor and inefficient quarter relatively. Should it happen, it will shake the counter out of consolidation and negatively and undesirously impact the share price. It will weaken and continue to slide.

5. It is undeniable that HS is undergoing a difficult moment in its business. The balance sheet , P&L and the cash flow statement depict its strengths and weakness. We say and analysis it as it is with a clear and unbiased mind.

6 Fortunately minority shareholders are blessed with Tan Sri who is willing to pay the illogical 3x the PBV for HSMCL to enable HS to receive Rm837m and primarily to repay loan amounting of 650m and to strengthen working capital.

7 HS is indeed facing enormous issues and challenges. The MSCI had excluded the counter in its regional index. The hedge funds had abandoned HS is a portfolio rebalancing and disposed in one go 56m shares at Rm3.62. Since than it has never recovered.

8 It is hope that Tan Sri who is educated and smart, resourceful and talented would persist on with its energy and passion to pull through and recover the loss in market capital exceeding (9.50 minus 3.20 x 2.489b shares) Rm15.68b

9 Best wish and happy trading
11/8/23

Stock

2023-08-10 11:29 | Report Abuse

1.The development for Mahsing over the past few days was truly and meaningfully encouraging. There was substantial rise in volume accompanied by an upwards swing in share price from 63 sen a week ago to reach an intraday high of 69.5 sen yesterday.

2. Technically ,Mahsing is going through a SHS bottom which is a bullish pattern and formation. It is continuing it its committed effort to scale and conquer new height possibly to hit 73.5 sen in the coming weeks

3. In the coming days, the 3 sen dividend which will go ex date on 8th Sept will support and sustain the share price at an elevated and profitable level.

4. In case Mahsing announces great results at the end of the month, the upwards movement will be swift and furious.

5. This is my personal perception of the counter and it is not a recommendation to buy or sell. I could be entirely wrong in my analysis.

Happy trading
10/8/23

Stock

2023-08-02 15:19 | Report Abuse

Last year Day3 made a profit of Rm6.2m. For the purpose of analysis let's assume there is an excellent earning growth of 15% for 2023. Therefore ,the year end profit would be 6.2 x1.15 is equal to RM7.13m

Hence the EPS is 7.13 / 480m shares is 0.0148 sen

The Bursa PE for the top 30 blue chips company in the country is averagely 12.5x
If Day3 is price at 12.5x PE multiple the amount that could be achieved is 18.5 sen
If Day3 is price at 15x PE multiple it is only good for 22 sen
If Day 3 is price at 20x PE it only deserves 29.5 sen

Day3 closed at 53.sen today. Hence it is selling at a prospective PE multiple of 53.5sen divided by 0.0148. That works out to be 36x .

At the current price of 53 sen , the valuation of Day3 with PE multiple of 36x is extremely astronomical. This explains why even directors are unable to resist the hot temptation. Sell and run with the profit.

IT is not surprising Day3 declines again today. It unavoidable.

Trade cautiously
2/8/23

Stock

2023-08-02 11:36 | Report Abuse

1.RSS , IDSS and PSS are totally not active anymore. The total RSS is less than 0.1% of issued share capital it is therefore insignificant and thus has been erased from the table of record of Bursa net shot position.

2.Short selling obstacle is removed and paving the way for brighter days
Happy trading
2/8/23

Stock

2023-07-31 21:21 | Report Abuse

Day3 falls on day four, will slide on day five, again tumbles on day 6 and continues to decline on Day 7 like a Porsche speeding down hill without break is not surprising and inevitable.

2.It is not entirely due to its directors'selling, rather it is valuation. This is because Day3 is simply over valued on day 1.

3. It is not difficult to size up Day3 and ascribe a value to its share price.

4.Last year Day3 made a profit of Rm6.2m. For the purpose of analysis let's assume there is an excellent earning growth of 15% for 2023. Therefore ,the year end profit would be 6.2 x1.15 is equal to RM7.13m

Hence the EPS is 7.13 / 480m shares is 0.0148 sen

5 The Bursa PE for the top 30 blue chips company in the country is averagely 12.5x
If Day3 is price at 12.5x PE multiple the amount that could be achieved is 18.5 sen
If Day3 is price at 15x PE multiple it is only good for 22 sen
If Day 3 is price at 20x PE it only deserves 29.5 sen

6. Day3 closed at 53.sen today. Hence it is selling at a prospective PE multiple of 53.5sen divided by 0.0148. That works out to be 36x .
At the current price of 53 sen , the valuation of Day3 with PE multiple of 36x is extremely astronomical. This explains why even directors are unable to resist the hot temptation. Sell and run with the profit.

7. in the coming days ,the bears will continue to charge violently ahead causing massive destruction in its path and aggressively conquering new territories in the southern region.
8. This is my personal perception of the counter and not intended to influence your investment strategy and plan.
Happy Trading
31/7/23

Stock

2023-07-30 20:21 | Report Abuse

1. Directors and insiders purchases of its own company shares are a sign of confidence and positive conviction in the prospects and future earning growth of the company. These are the people who know best and have the most up to date information about their company.

2.Hence, directors buying its own company shares and continuing in its efforts because they think the price will rise.

3. Conversely, insiders and directors might sell shares for exactly the opposite reasons. They think the price will fall.

X & Y might know something we don"t know.

Trade cautiously
30/7/23

Stock

2023-07-27 21:17 | Report Abuse

1, I never thought I would write again on DAY3 especially so soon after the last posting.
GUYS, You have the rights to be furious when you learned about it.. Your independent director abandoned you the moment the chairman strike the GONG on listing day.

2. He was entitled to a pink form and allotted 500,000 shares at 30 sen. According to the company's filing with Bursa and the details of the transaction on 26th July listing day, he disposed 250k shares on opening bell at 65 sen and subsequently in just a few minutes later sold another 250k shares representing his entire shareholding at 70sen.

3. That morning,before the board of directors could meet the media and bankers and public investors for a prearranged press conference, he has already served his own interest and enriched his pocket with Rm187.5k. Not bad for showing up and a day's work

4.Independent directors are lucky and fortunate because unlike founder and major shareholders the SC imposed moratorium of shares upon them. They can only sell some percentage of shares after 6 months and a year.

5.While there is no violation of law when independent director ID sells on opening bell, in stead it is seriously lacking in morale principles and ethical standard .His endeavor reflects a self serving interest and poor standard of conducts by an independent director. Like a deprived child who delightfully grab the drumstick before grace.

5.The roles and responsibilities of ID are bringing an independent judgement to the board for deliberations, especially on the issues related to strategy, performance, risk management, resources, key appointments and standards of conduct.

6. He is supposed to represents and speak up for the minority shareholders and people like you who has invested in the shares of Day3 and still holding onto.

7. Now, holding onto the share of DAY3 is akin to flying on a plane in which the co-pilot has jumped off with a parachute.

8. Some may think I have over reacted. What about you.
9. Tomorrow is T+2 What would you do?

Happy trading
27/7/23

Stock

2023-07-26 21:12 | Report Abuse

1.On its listing day on 26th July, Day3 opened at 65 sen and within the first 10 minutes hit an intraday high of 73 sen and quickly retreated back to 66 sen with 57m shares done.
2. In the next 10 minutes it continued with its decline to hit the intraday low of 60sen with 85m shares done cumulatively.

3. The counter ended the day with 147.5m shares changed hands and closed impressively at 62.5 sen or more than 100% gains on its IPO price of 30 sen.

4.Despite its first day remarkable and commendable performance, all except the boss and its company are losing money. Those who bought at 63 sen and higher are facing paper loss. At 62.5 sen you break even and only a handful are believed to be not even comfortable with a 2 sen paper gain.

5. Let it again be forewarned. At 30 sen IPO, DAY3 is selling at 23x PE multiple. At today's closing price of 62.5sen, the PE has suddenly shot up astronomically to 46x+

6. By this evening, the investors' feelings that the counter is severely over price is beginning to sink in. Come tomorrow, one would realize that the Bursa PE of all the blue chips counters are averagely 12.5x.
One would question, what on earth has the management of Day 3 done in one day to merit its sky high valuation.

7. Hence, more downside is realistically expected. Not surprisingly,on T+2 the selling pressure could amplify when many forgo their inflated egos to cut loss and move on.

8. In the end,the founder proudly listed its company and successfully raised RM33m for the company and enriched his pocket with RM3.6m. They are not in the business to goreng the share. By tomorrow the management will begin to work and aspire to deliver their promises as lay out in the prospectus.

9.The counter controllers will continue to distribute the remaining shares to naive and uninformed newbies and green investors. Today with 147.5 m shares changed hands, it is already bigger than the 122m number of shares in circulation. Many had contra off their positions.

10. As soon as the distribution is near completion, Day 3 will once again assume its original status being a small cap little known tech stock struggling but aspiring to make it big in the years to come.

11. Sadly, many will become long term investors caged in the highest floor of condominium overlooking the graveyard.

12. This posting is not intended to dampen your investment spirit nor a recommendation to buy or sell. It is purely my personal perception and opinion of the counter. I could be completely wrong.

Happy trading
26/7/23

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2023-07-26 18:16 | Report Abuse

1. Contrary to your unsubstantiated belief and little understanding ,Mahsing does NOT need promotion.
2. And neither does it seek attention. Not one in a billion chance.The counter has been widely researched and extensively analysed with overwhelming buy call from many investment banks.

3. Mahsing is a star in its own right and the invaluable opinions and perceptions of its Chairman pertaining to property sector are much sought after.

4. Be it investors,stakeholders, bankers and customers, they are proud to be associated with Mahsing whose name and logo is a symbol of trust, quality and professionalism.

5. The share price has inched up impressively since June 19th from 60sen to close at 67 sen today on July 26th with raising volume and continued buying interests.

6 .The bulls have rested and regained its strength. It the coming weeks it will charge upwards again with energy and power.

7. At 67 sen Mahsing is only trading at a PE multiple of 8.7x. The ROE is 5.17% and dividend yield is 4.48%. The net tangible assets is 1.49, therefore its share price is only 45% of NTA.
8. If you have been monitoring Mahsing and watching with folded arms and not lifting a finger this week at 67 sen is a second opportunity.

9. Mahsing has become a hot temptation and it is deliciously yummy.
Would you bite. ?
Happy trading
26/7/23

Stock

2023-07-25 07:26 | Report Abuse

Appreciate your polite and professional response. I am glad you have found an investing style and strategy that suits and works well. The discussion, sharing and learning together is continuing.
In the meanwhile, let's move on to elsewhere in which energy and passion could be more productive and beneficial.
All the best in our journey in search of knowledge and wealth.
25/7/23

Stock

2023-07-25 06:54 | Report Abuse

1.DAY3 is scheduled for listing on 26th July. Its IPO has created huge interest and received overwhelming response and has an over subscription of 129.2 times.

2. The company has a public issue of 110m new shares and offer for sale by major shareholders of 12m shares at 30 sen.

3.The listing exercise will raise proceed of Rm36.6m of which Rm33m will go back to the company and RM3.6m will go to the pocket of the major shareholders.

4. The company earned 6.2m in profit and has an enlarged share capital of 480m shares. The EPS is 1.3 sen and with initial public offering price of 30 sen it is therefore selling at a high PE multiple of 23x
Upon listing Day3 will have a market capital of 144m.

5. What will happen on listing day. Will DAY3 collapse spectacularly like RADIUM on debut and never recover or close disappointingly in the red like SKYWORLD ?

6. Considering that the bursa PE is 12.5x and Day3 selling at 30 sen with PE23x is therefore comparatively overvalued. Day3 is not generating sufficient profit to merit its high valuation. Going forward it has to work hard and announce great profit to compress its PE multiple to sustain its current price

7.This is only simple and naive theory of fundamental analysis and share valuation. However,for a small company with 480m enlarged share capital and only 25% or 122m shares are in circulation upon listing ,some opportunistic market players could easily seize the chance and take advantage of the small quantity of floating shares and the economic theory of demand and supply of shares in market circulation to control, manipulate and even dictate the market price.

8. Should Day3 be a targeted company, than its opening price will be sky high. It will be actively traded with volume and price volatility. If you have risk appetite, love excitement and enjoy the adventure of a roller coaster ride then, plan it properly and time it correctly you could be joyfully laughing to the bank.

9. The game could last for 6 months until the moratorium of founders' shares
is lifted. Day3 could mirror PTRB and burn a hole in your pocket.

10. Let's be forewarned and trade cautiously.
25/7/23







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2023-07-23 23:05 | Report Abuse

1.How on earth can someone handles 40 companies simultaneously while Jack Ma finds it so tough to manage just one Alibaba. Your portfolio is larger than the size of KLCI index comprising 30 stocks. It is an incredulous feat with no logic.

3. Nonetheless, you are not as dumb as what you have said and what the market has thought.

4. In anyway I choose to differ and, agree to disagree with this comments.
Stay focused and loaded on a few stocks to accumulate wealth. Avoid diversification with tiny weightage.
5. All the best
24/7/23

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2023-07-20 22:03 | Report Abuse

1.Having spent so much time, energy and resource in analyzing HS and yet only invest 3% of total capital depicts pessimism,absence of courage and a complete lack of self confidence and risk appetite.

2. Philosophically,nothing in life is worthwhile unless you take risk.

3.We cannot live our life too cautiously that we do nothing so that we make no mistakes, or only engage in very small things in which the result has no meaningful and significant impact whether success or failure.

4. In the spirit of Nelson Mendela he said and i quote

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.”

5.This is not intended to belittle you. It is hope that these words of wisdom would add to your courage, confidence and optimism.
6. It has enlightened and inspired me and so did you.
Happy trading
20/7/23

Stock

2023-07-20 18:29 | Report Abuse

1.Technically speaking and basing on the candle sticks chart, the period beginning June 2022 and Mar 2023 Mahsing was trading and forming a Shoulder Head Shoulder Bottom pattern and formation.
2.The left shoulder was completed in Oct 2022 at 54 sen and the bottom head was formed and completed in Dec 2022 at 49.5 sen whereas the right shoulder finished somewhere in Mar 2023 at 56 sen. The neckline was 61.5 sen.

3.Thereafter, Mahsing consolidated and traded side ways awaiting new catalyst to resume its upwards momentum. The moment has arrived in July 2023 following Mahsing's numerous announcement of land acquisitions, housing development, new project launching and JV.

4.As you may be aware several investments bankers have issued analyst reports with overwhelming buy calls. These have created awareness and enthusiasm and investors chased up the shares with interest and volume,advancement and gains.

5. Where do we go from here?
Technically in a candlesticks chart the SHS bottom is a bullish indicators. Once it is formed and share price breakout and breached the neckline, it is technically expected to continue its upwards momentum and the quantum of surge from the neckline is equal to the distance between the head and neckline. That is 61.5 sen minus 49.5 sen or 12 sen.

6. Hence, basing on the technical analysis, I courageously but shamelessly estimate that Mahsing will breach 61.5sen plus 12 sen that means it will hit 73.5 sen minimally in the weeks ahead.

7. Personally, I believe the forthcoming 3 sen dividend and the prospects of earning growth plus market enthusiasm and confidence would further drive up the share price and sustain it at an elevated level.
8. It is still early and those who dare would win.
Happy trading
20/7/23