it is obvious Cloudboy has sold his shares and hope that Lat drop further to collect again, i don't quite understand why he said that Lat is expensive, how can a PE 4 company be expensive? so what are the stocks to buy? DSONIC? If you are a trader, just trade at other counters, I guess this counter does not suit your appetite.. If you say currently is expensive, then you are saying management is stupid for buying Singapore's operation , because they value at 2 times higher than Latitude's current share price.. the fact they privatised it, its value is RM450m, and Lat's current market cap is only RM250m..

Sell on news buy on rumours only works for traders, so sorry dude, I think you can make your money elsewhere

that means you dont trust the management, totally, you should get out asap..management bought lat international at RM110m for 23%.. work it out at 100% meaning that subsidiary alone is worth RM450m, is management so stupid to buy at such a high price?

Lat's Enterprise value is currently RM260m..it shouldnt be traded at such low valuation, if not the management would be so stupid to privatise its international ARM

why, if HLIB analyst is covering the stock, he should have given the stock a BUY CALL, not HOLD, he should help Quek to goreng this stock instead, am I right?

What is his plans?

dont worry man, got buyer sure got seller..

Last year Latitude recognised 70%
Lat International profit from Jul-Dec 2013 = SGD18m x 70% x 2.5 = RM31.5
And total they did RM33.4m, EPS 34c for half year

How about Jan-June 2014? Lets say we factored in the weaker demand at 30% discount of 34c = EPS 24C

TOTAL FY2014 EPS = 58c

This year 100%
If I replicate its results for this year, factor in a 5% increase in exchange rate = SGD18x 2.6 = RM46.8m
So total they can minimum do RM47m, EPS 47c for half year

30% discount of 47c = 33c

TOTAL FY2015 EPS = 80C

where got business can give you such a growth? I am just assunming no organic growth from its business next year, just 5% increase in interest rate

Even at 5x P/E = Latitude should be trading at RM4

Noneed to keepo on posting now, i cant see why u want to do that, if u have sold just get lost, my forecast 40pc is 100pc from lat international, in fact i am recognising no growth from lat , to do 26c for second half is no brainer too, u might want to collect cheap but so sorry

3.28 is just temporary, after next month taper again expect 3.4 to happen, and too they will be recognising 100pc of lat international instead of 70pc, that is 40 pc of growth upside, even i do a forecast for this year eps at 60c, next year will grow by 40pc, thus, next year growth will be 84c, at current price, just a pe of 3, u can sell it but rm3 will be fast and soon

last 2 years dividend was 3 cents, last year 6.3cents, this year 12 cents? still got some 5% yield here

2 quarters and they had make 34cents per share..man, PE 3.75X = where can you get such a stock in Malaysia? those fellas who sold will regret

drop is totally unjustified, whole market is panic selling

topep up at 2.50

wait for results , coming out soon

game over, too little money to deploy

HEVEA is doing at 5x P/E, Latitude potentially 4x, results will be out soon, just see siapa menang this time?

RM1? haha .. do not hope

42cents sound like a good buy, I believe Quek sure have his reason to invest in SCOMIES

just hold, RM3 within 2 months

volume is getting less, price has retracted to 20MA, look for signal for buying opportunity

ya, he posted the link, there is no mentioned P/E nor flow rate, not sure who is the loser now? I can't imagine a petroleum engineer will say that flow rate determines the value of hibiscus, hibiscus is no where near to production stage. As their model is skewed towards getting the value from exploration upside, production from Australia is just a move to diversify their holdings, even that so, hibiscus is still a very much exploration company, you can't use P/E or flow rate as mentioned by ogre

I think I better stop contributing my thoughts here, someone is just unhappy when I mentioned the truth and share my knowledge here

You buy a company based on its prospects not current situation, if you could apply that on hibiscus, why not sumatec or sona? what I am emphasizing again is news flow, explain why did hibiscus' share price collapse before announcing the first well results?

these are call newsflow, if you got it earlier, you could make the profit regardless in any counters, whether sona/sumatec/pos malaysia/hibiscus/zhulian/barakah/umwog, all of them have signs of insider buying/selling it before announcement

It is funny that you think I am promoting sona/sumatec, your understanding need to be sharper, bro

I am just giving my opinion on management of hibiscus because insider trading did happen, yet this guy, flowerpower, protects the management as if they are his wives or father/mother, now he starts to attack me personally, but I don't really give a damn of his childish comments

Uptrend riding despite TAIB's resignation, should its cement division priced at the same as Lafarge, TP should be about RM9

I just think that skylte has better points than you, most of your words does not add value to any investment research, full of words yet no value added, since the first day you did not answer how do you get to value hibiscus at that price and taking my 1 day effort to run through your previous comments, what I can tell the forumers here that, goodluck to you if you want to trust this fella

One more thing, oil flow rates are not important valuation yardstick to value a field, the proven reserves are the one which is important, what can oil flowing at 15,000 bopd can do when its proven reserve is only 5 million boe?

2 scenarios : A) Proven reserves of 10million BOE / Oil flow rate of 10,000 per day
B) Proven reserves of 1 million BOE/ Oil flow rate of 10,000 per day

If you can answer this question, therefore investors out there should know who is the one bullshiting people around

I guess despite found oil, price didn't move up is because lesser and lesser investors trust hib's management anymore cause they did insider selling last year for the first well, only hardcore investors like fp and forumers are holding.. I guess hibi really have to perform and deliver what they promise to gain back investor's confidence

mark my word, above RM2 after march

Once the offer is closed, the game will start

Kenanga came out with a report, TP 0.82

Disposal of Pulau Indah land worth RM317m to totally clean up balance sheet. On
20th February, Tadmax entered into an agreement with Ivory Merge to dispose off Tadmax
Power Sdn Bhd, a wholly-owned subsidiary of Tadmax, which owned 310 acres of land in
Pulau Indah. The land disposal’s price tag is RM317m in which Tadmax will pocket a net
gain of about RM138.4m (or 37sen/share). More importantly, the Group will utilise about
71% of total proceeds to settle the Group’s entire debts of about RM226.2m. The Group
will also place RM50m into cash reserves with Tadmax ending up in a net cash position of
about 8.9 sen/share after the disposal. We estimate its net asset/share to improve
significantly to 92 sen from 56 sen.

Earnings will improve significantly after the disposal of Pulau Indah land. Postdisposal,
Tadmax will enjoy about RM12m interest expense savings every year. This will
improve the Group’s earnings significantly. We estimate if the disposal can be concluded
by this year, the Group’s earnings will improve significantly to RM22.0m in 2015.

More disposals in store? We understand that Tadmax owns another 60 acres of land in
Pulau Indah. Management mentioned that this land has been disposed to Inai Kiara Sdn
Bhd vide sale and purchase agreement dated 9 April 2013 and completion is presently
pending fulfillment of conditions precedent. That will bring additional RM40m cash to
Tadmax’s book. Secondly, Tadmax is currently in talks with several parties, including Felda
Global Ventures (FGV) to dispose its 80k ha plantation landbank in Papua, Indonesia.
From a quick check in the 2012 annual report, the land’s net book value is at RM67.0m,
timber concession at RM218m and goodwill of RM66.8m set-off by deferred tax of
RM71.3m and minority interest of RM28.8m which will arrive at a net carrying amount of
RM251.7m. Hence, if the Group manages to sell the land at USD100m (appx: RM320m),
the Group will pocket about RM68.3m net gain. This amount will be much higher if the sale
of the 80k ha land excludes the timber concession.

Turnaround in the making and targeting more than RM1.0b revenue in the next 3
years? We have witnessed that Tadmax has undertaken several corporate exercises (i.e.
par value reduction & land disposals) to pave the way for the Group to restructure and turn
around Tadmax after the “Wijaya Baru-PKFZ scandal”. Management mentioned to us that
they aspire to make Tadmax a billion-dollar revenue company in the next three years. It
might be a tall order since we have only seen the Group reporting less than RM10m
revenue for the past two years. Nonetheless, management is confident that this target is
achievable via (i) acquiring strategic assets, including local plantation companies or
landbanks, (ii) landbanking for property development, and (iii) expanding its construction
business by bidding for RM400m – RM1.0b contracts every year which, in fact, the
management is confident of securing at least RM400m building-related job this year.

Reward to shareholders soon? The management also mentioned that they intend to
reward shareholders by paying dividends whenever the Company has “extra cash”. We do
not rule out potential dividend payments to shareholders once the definitive agreements of
sale for the 80k ha plantation land in Irian Jaya, Indonesia are inked.

Tadmax should be fairly valued at RM0.82 based on 30% discount to RNAV. We think
the best valuation method for this asset-rich company is asset-based valuation. Currently,
Tadmax’s net asset is at 56 sen. Post-disposal of the 310 acres Pulau Indah land, the
Group’s net asset will increase to 92 sen. If Tadmax manages to conclude the deal for the
Indonesia land bank, we estimate its net asset will further increase to RM1.17. Using that
as our valuation basis and imputing a 30% discount (based on average price-to-book value
for the past three years), the stock is fairly valued at RM0.82.

45.5c breached, i guess this would be a coffin stock again till quek's next move?

to hit RM35million profit for 6 months is easy for latitude, we shall see a breakout above RM2.82 soon

hmm, would it be like a short term rebound only? how come so pricy, qlc wants to get in?

This might be a long term stock this year, but why QLC enters scomies?

As I said, game over, maybe next 3 months?

manipulated by QLC, haha you guys got the bite

malaysia's style is play on news flow, I guess it does not matter whether it is third tier or first tier as long as there are money to be made, fund managers tend to avoid counters like hibiscus due to its risk profile, while they prefer more towards stable profile like SONA or even SUMATEC after they are out of PN17, hibiscus needs to put in alot of hard work to deliver the numbers for fund managers to convince themselves or their bosses to buy, so far most of the assets held are intangibles, alot of fund raising will be upcoming, of course it will be exciting, but share price exciting or not is hard to tell

Look at examples like Krisenergy, RH Petrogas, REX , all of them have high target price set by brokers , yet they are trading at 50-60% of their valuation, I guess the market has not matured yet to even accept E&P into their profile, take years man

cannot be no buyers mah, 1 week more profit to double, what are you guys waiting for?

Ahairytrader, according to 2012 annual report, the land tenure is only 35 years, why is this so?

ying luck might be stepping down , zhulian is moving fast now, is best to buy now

Look who is back here, I thought he went disappear, good job

RM1.50 or RM2.00? it would be a 4billion company, i doubt so... game over?next week i heard got..

is time to correct, support at 20MA, RM1.35

The company is gonna do a rights issue, so price would be sustained at top to fix its price, dont think the price will collapse

sona will have QA first definitely, CLIQ's RM300m cant do nuts, seriously, this counter is quite good to trade, sell when green buy when red that's all, tomorrow expect 35c

Scomi market cap = RM700m
Scomies market cap = RM2.5b
Scomi's holding in Scomies = 65%
Potential upside? You do the math?

Easily TP for SCOMI = RM0.70 ?

Target after announcement should be RM3

didnt move up as expected, should silently collect this stock

Latitude tree international holdings reported Dec 2013 result, earning a total of SGD18million, and going forward latitude will own LTIH 100% from Jan 2013, work out the math, in FY2015, assuming no growth, this would easily translate into SGD30million in FY2015, which results in a PAT of RM75m? a PE of 6x will be close to RM450m valuation

Another point to mention, Latitude bought LTIH remaining interest of 22% at RM110m, work out yourself, going forward LTIH will be fully owned by Latitude, this subsidiary alone valuation by management is RM550m.

A RM450m-550m valuation would translate into a stock price of RM4.50-RM5.50 . Cheers! Undervalued counters hard to come by

beware! UMA is coming soon, once caught a knife, it could drop 30cents per day

After completed the acquisition of Latitude tree international, CY2014 should provide full recognition of PAT,

My forecast for FY2014: Rev (RM600m) , PAT (45m)
Forecast for FY2015: Rev (660m), PAT(55m) - after including the full year contribution by Latitude tree international

At current price, Latitude is trading about 4.7x FY2015 PE, note that their financial year ends on June.

I use a rather conservative assumption, as Q3 and Q4 typically will be weaker, revenue should be adjusted downwards.

My target PE for Latitude is 6x -7x - 28% - 48% upside - RM3.33 - RM3.94

looks like hibiscus has been trending down and down, does this have to do with the disappearance of flowerpower?

A 50% discount stock is better than a 30% stock, if the market crashes, I would have better margin of safety in REX

I am skyte?haha, that guy also don't know what is he talking about, more like a trader

I am just a value guy, only speaks whatever I think is correct in terms of valuation stand point, if apple A and apple B 's satisfaction are the same, will you buy apple A at 50cents or apple B at 70cents? You would know my answer here

I look on for value, if I were to buy I would own REX instead

Market cap for REX = RM1800m
Market cap for Hibiscus+warrants net cash = RM1800m too

REX owned a bigger portion of LIME petroleum, REX has their GOM operation like Hibiscus have their Australia as well, based on this alone, REX is undervalued, UOBKH valuation for REX is close to RM4b market capitalisation and my valuation for Hibiscus is about RM2500m, of course REX has higher upside

Based on Flowerpower approach, his valuation for Hibiscus for Australia alone is close to RM4000m, valuation for OMAN too is close to RM4000m as well, plus Hirex all those ventures, as he said Hibiscus have a value of RM10billion which is nonsense to me, if Hibiscus worth that much alone, brokers would have recommended a superb buy call or someone would have privatise their Australia operation, therefore so sorry to disappoint his followers, whatever he said is crap,