Customer's material supply issue has impacted KESM's burn-in and testing business. This issue has lasted for quite long due to shortage of wafers.

I believe market people don't care what is the actual reason and will sell-down KESM tomorrow based on this quarter's poor EPS.

Its valuation is getting attractive to enter.. but I think I will wait till the Q3 announcement is out.

One comforting factor for Hengyuan is brent crude oil price has increased from USD79 per barrel in end Jun to USD82.7 per barrel in end Sept. Thus, there would be stockholding gain for Hengyuan.
Having said that, the negative factors out-weight positive factor, and we will see another poor Q3 earning quarter for Hengyuan. Its stock price should not fall much after the Q3 earnings announcement as it has already fallen quite a lot in past few months.

Hengyuan's coming Q3 earnings should be very poor due to :
I) Its plant was undergoing major turnaround from early Aug'18 to late Oct'18. This means ~2 months in Q3 period would have lower production and sales revenue.
ii) RM has weakened against USD in Q3 period. Since Hengyuan has huge USD loan, the forex loss in Q3 will be significant.

Besides, next Q4 is "seasonally strongest quarter" for Deleum. One can refer to its historical earnings trend to verify this matter.
As such, I expect higher EPS in Q4.

Deleum's Integrated Corrosion Solution segment has turned from losses in Q1 & Q2 to small gain in Q3, mainly due to its MCM contract is gradually picking up pace. Management has hinted this segment will again be in green in next Q4.

This quarter's EPS is 2.28sen vs 2.29sen in preceding quarter. The EPS is just marginally lower QoQ, mainly due to RM1.1mil forex loss in this quarter compared against forex gain in preceding quarter. This means if exclude forex gain/loss, this Q's earnings would be higher QoQ.

The key is in resin price. If it is lower QoQ, then TGuan should post better earnings in July-Sept'18 quarter as USD has strengthened during this period.

If the coming quarter's earnings can be on par with preceding quarter. TGuan's fair value should be at RM3.20 per share if given PE=10x multiple.

Wow...up so fast. I prefer its upwards momentum to slow down a bit so that it can be sustained.
Too fast too scary..

Dayang's stock price surged before the quarterly earnings announcement is probably insiders already knew it will post another green and positive earnings.
Insiders are buying.

@DonaldTrumpMalaysia, No the signing of facility agreement between Bank Pembangunan Malaysia and PresBhd was in Sept 2018 (the date is after GE-14).
You can refer to PresBhd historical announcement to find out and verify the date.

---------------------------------------------------------
Posted by DonaldTrumpMalaysia > Nov 17, 2018 01:18 PM | Report Abuse

Bit poblem is thia finacing is before pH win right

If PH government has granted financing loan to SKIN, that means SKIN project is on track.

Securing financing from Bank Pembangunan Malaysia (BPM) is like securing financing from PH government because BPM is owned and run by Malaysia government.

@DonaldTrumpMalaysia. Yes, the existing concession company, eg. UKSB, is doing a bad job from preventing blacklisted foreigners from entering Malaysia. The existing e-immigration concession companies including UKSB is being investigated on the lax of national security issue.

PresBhd is NOT one of the existing e-immigration companies. It has never involved in government e-immigration business before until the SKIN project is awarded. SKIN infrastructure is still under construction and can only be ready to operate in 3 more years to come. So my point is the recent security lax issue reported has nothing to do with SKIN.

The SKIN project is very very unlikely to be terminated as what some people are worrying about. On 26 Sept'18, Bank Pembangunan Malaysia has entered facilities agreement with PresBhd to provide financing to SKIN project. Bank Pembangunan Malaysia is owned by Malaysia government through Finance Ministry. Its objective is to provide financing to development projects promoting Private Public Partnership (PPP) program.

The financing support from Bank Pembangunan Malaysia indicating SKIN project is on track. I do not rule out the possibilities of some adjustments or cost cutting on SKIN project, but termination is not in the agenda.

What having issue now and being investigated is current VLN online system including eNTRI and eVISA, and the eNTRI system is operated by Ultra Kirana Sdn Bhd (UKSB).

The above has nothing to do with PresBhd. The SKIN project is a new system that is still under development and construction. SKIN has nothing to do with eNTRI or eVISA, and PresBhd has no relationship with Ultra Kirana Sdn Bhd (UKSB).

It is okay for PresBhd's stock price to go down (stocks go up and down) but if it is because of eNTRI and Ultra Kirana Sdn Bhd, then people sell-down with no valid reason.

The coming quarterly earnings will see green (profitable). This would make up 2 consecutive profitable quarters. When the quarterly earnings is out by end Nov, there will be another lift for its stock price.

Yes, Ultra Kirana Sdn Bhd is the concession company operating the current e-immigration system and found to have issue for Chinese national entering Malaysia. The news has nothing to do with PresBhd.
In fact, the more fault found in current e-immigration system is good to propel the introduction of new system, which is SKIN.

The current immigration system is outdated and the current fault is another alarm bell for Home Ministry to develop a new one. This should help to accelerate SKIN implementation, I think.

The article also said Home Ministry proposed to upgrade the current immigration system before developing a new one.
The SKIN project's infrastructure will take 3 years to construct, and therefore, it is reasonable for Home Ministry to upgrade the current system to prevent fault to happen again before the new SKIN immigration system is ready in years to come.

TheEdge article is actually saying the current immigration system managed by existing concession vendor has fault. Home Ministry would then review those concession companies which do not include PresBhd because it is not one of the "existing concession company operating current immigration e-system".

Fantastic Q3 result. FPI achieved record high revenue and earnings in this quarter.
It is a net cash and growing company, its new plant is to ready in year 2019.
Let's see how market react to this positive earnings result tomorrow.

TeoSeng's good Q3 earnings can really give a projection to LayHong's coming Q3 earnings announcement. The reasons for TeoSeng's good earnings in Q3 was higher eggs price and lower feed cost. The same reasons should apply to LayHong. Besides, LayHong has processed food segment.
TeoSeng suffered loss in last Q2 because of low eggs price and high feed cost, while LayHong still made profit in Q2 albeit at lower magnitude. In Q3, LayHong should do even better than TeoSeng then.

I give a "like" because the author has his independent opinion on the future direction of US-China trade war and supported with reasons.
I do not know whether the US-China trade war will turn out to be like what the author claims. More important thing is I see the systematic and rational thinking process.

The next Q4 will also be good. Thus, its stock price will not perform ?
Let's see how it turns out..
Anyway, assuming next Q's core EPS is same as this Q3, Globtronics is selling at 22x PE multiple now, which is not cheap.

For the investor/trader who put bet by forecasting subsequent quarter's earnings (i.e. buy if expect next Q's earnings is good, and sell if expect next Q's earnings is bad), Globetronics would be a nightmare to them because one would not make money from Globtronics using this approach.

Two things i noticed about Globtronics are :
I) Globetronics used to have bad 1H and good 2H, so earnings would fluctuate wildly.
ii) Its stock price movement also not aligned with quarterly earnings...one can notice that before Q2's bad earnings result, its stock price rose, and after Q2's bad earnings result was announced, its stock price rose further. Conversely, before Q3's good earnings result, its stock price declined, and after Q3's good earnings result was announced, its stock price declined further..

Another wave of panic buy.
Its stock price should gradually and eventually climb back up to RM1 per share.

People panic buy now..
PresBhd's recent sell-down was not based on fundamental, people just "worry" about the termination of SKIN project which does not realise.
One important point to always keep in mind : PresBhd is a bumiputra company and our government, regardless former or new PH government, would take good care of the "few" bumiputra companies that exist in Bursa.

If one thinks LayHong's stock price has fallen to an unreasonable level, then take the opportunity to buy or add more lor. Why want to lodge complaint to SC ?

Econpile's infrastructure segment contributes merely ~25% of group revenue in FY18 (ends in Jun'18). They would not impact much by slowdown in infrastructure as they can switch to bid for non-infrastructure related projects moving forward. This is the strategy mentioned by management in FY18 annual report.

I think LPI and TunePro are few of the insurance companies which can make money from its insurance business. It is not difficult to make money from investment business, but not easy to profit from insurance business.

Good article. Good info.

PNB keeps disposing, but its stock price stands strong.

I am not sure what have caused PresBhd plunged so much but the reason is definitely not right issue is coming. PresBhd just secured RM869mil + RM109mil financing for SKIN project and announced on 26th Sept'18. Thus, PresBhd does not need to do right issue.
On last 4th July'18, PresBhd's CEO met the Council of Eminent Persons (CEP) and presented the progress of SKIN project. After the meeting, he told reporters that CEP didn't terminate SKIN and the project would proceed as stated in contract.
I don't see any wrong in PresBhd's fundamental as of now. The reason of recent price plunge may just due to excessive panic (hope so).

--------------------------------------------------------------------------------------------------------------------------------

investor12345 Will there be any Rights Issue (RI) or any equity injection next year???

23/10/2018 08:31

I am not sure what have caused PresBhd plunged so much but the reason is definitely not right issue is coming. PresBhd just secured RM869mil + RM109mil financing for SKIN project and announced on 26th Sept'18. Thus, PresBhd does not need to do right issue.
On last 4th July'18, PresBhd's CEO met the Council of Eminent Persons (CEP) and presented the progress of SKIN project. After the meeting, he told reporters that CEP didn't terminate SKIN and the project would proceed as stated in contract.
I don't see any wrong in PresBhd's fundamental as of now. The reason of recent price plunge may just due to excessive panic (hope so).

MACC has cleared MyEG's name. The panic seller this afternoon will turn to panic buyer in coming Monday.

Presbhd also just secured the financing for SKIN project and made the announcement on 26th Sept, thus it seems like no obstacle to proceed with the SKIN project.
The only reason I can see from recent stock price plunge is very negative and fearful market sentiment.

The SKIN project is based on Build, Operate, Maintenance, Transfer (BOMT) model. The first 3 years are Build stage, and government actually do not need to fork out any money during this period. Thus, the new government should not have concern to proceed with the SKIN project as there will be no financial burden to them from now till year 2020.

Who sold at limit down price this afternoon was the victim of unnecessary panic.

For the SKIN project, termination is unlikely but cut cost is possible. However, so far no news on SKIN project review.. I believe the uncertainty on SKIN project review is the main reason causing sell-down
The other reason is Kumpulan Wang Persaraan keeps disposing PresBhd's stocks causing market people to think that the instituition knows something negative that we do not know.

PresBhd able to secure contract extension for supplying Microsoft software to government in Sept and Oct'18. This means its management able to work with new government lo.
Besides, it is a bumiputra company and would be well taken care of.

Good news !
Hope the "sources" is a reliable source.

Buy and hold Ekovest.

The toll abolishment is a good news as it removes the worry that Duke Expressway will be taken over by government. But, its stock price didn't react positively to the good news probably negative sentiment overweights.

At this price level, Ekovest is definitely selling at depressed price.
Its coming quarters' earnings should remain bad due to the much higher interest expense and depreciation charges upon the completion of Duke2. It will take sometimes for Duke 2 toll income to increase and interest espense/depreciation to decrease until a level that Duke2 returns a positive income. Until then, Ekovest earnings will not look good. But, we know that it is very much undervalued now by looking at its future earnings prospect. Not many people can see that or not has the patient to wait..

It is okay not to abolish toll, bcos if that happens, the PH government will find new tax to burden rakyat, and that would be worse.
What I do not like is the PM said he knew that is not possible but still included in election manifesto. This is really really very disappointing.

Good video.
How can we be proud if we get foreigner to build our MRT, why not give the honour to Malaysian.

For this time, I agreed with KYY.
The stock market is in panic now when market sees how our new PH government in action. The analysts are in shock too.