dear investor , i do not ask to buy sell or hold. That is not my intention. My only wish is for all of you to understand more. Other than that, it is up to all to judge and make your own decision. All of us combine will not shake up the value. It is up to all of you to take it openly. With proper research and not influenced by any emotion or whatever. Wish all the best.
To be exact the PE is 47. For those that doesn't know how to count PE or lazy to count, I'm telling you this. Don't rely 100% on the ratios given in KLSE screener or other websites as it could be easily distorted by rights issues, bonus issues, share issuance etc. Count the damn thing yourself!
Dear friends, my thanks to all of you. Understand my intention, please. I am not a stock promoter. I am just an investor like all of you. For the new idsmember that keep attacking ghl kakis, i believe it's from those that i previously engage and my friend before. Anyway, I dont care what people say about me. I trust my research won't be wrong. Let's see the result and their announcement. That is the time for all of you to judge me.
Its okay Christine. Those early investors of GHLSYS are already in good unrealised profits. Don't mind waiting till the time when the full-blown effect comes in by the year end once TPA starts to show meaningful returns.
This joker non stop la. 3 weeks ago I told you all to enter IFCA Msc and Sumatec. And I think Sumatec and Ifca both has 40-60% more upside before the end of the year. If you wanna make money, exit from this and move some funds into those two winners. Ifca will go over 10% tomorrow, mark my words. And don't listen to this joker here, she doesn't even know simple finance 101. TQ.
Look at Ifca Msc berhad latest results and tell me which the is the no.1 tech stock in Bursa now. Get on my level, I already made 70% from Ifca in 2 months, aiming for 150% return within this year. Come and follow me and win or you can stay here and keep waiting lawl
Come post your returns here la talk so much..I'm already looking forward to buy my an F30 3 series soon after I make my landslide windfall from Ifca Msc, Sumatec and Smrt (already made 100% there) OSK Prop(made 70% in 3 months)..don't get trapped on a lousy stock. That is your choice. Don't blame anyone for your failures. Good luck everyone.
Performance of the current quarter (2Q 2014) vs corresponding quarter (2Q 2013) by geographical segment
2Q 2014 revenue increased +178.7% yoy with growth being recorded in all three of our main operating subsidiaries in Malaysia, Thailand and Philippines. GHL’s Australian operations remain insignificant at this juncture. The largest contributors to GHL group’s net profit were Malaysia and the Philippines. Thailand operations recorded a small EBIT loss of RM0.04 million for this quarter. Given the stagnant demand caused by the current political uncertainty in Thailand, the subsidiary tightly contained its operating expenditures. Overall, GHL group recorded a net profit after tax in the quarter of RM3.04 million vs RM1.56 million in 2Q 2013.
With e-pay’s full quarter financial results reflected in this quarter, Malaysia operations accounted for 85.1% of group revenues for 2Q2014 (2Q2013: 66.0%). Excluding TPA, which was mostly derived from e–pay, Malaysia’s revenues from both Shared Services and Solution Services were down yoy due to lower EDC hardware and card sales as well as lower software maintenance fees collected during 2Q 2014 vs a year ago. This reflects lower demand from the banks in terms of the outright purchase of EDC hardware and the deferment of some card sales. Malaysia is in advanced discussions with an acquiring bank to launch a TPA business centred around credit card acceptance. It is likely that this new TPA business will commence by 4Q this year.
Philippine operations were the second largest contributor to Group revenue, accounting for 9.8% of 2Q 2014 total revenues. This second quarter saw revenues improve +12.5% yoy to RM4.42 million (2Q 2013 – RM3.93m) supported by higher growth in annuity income derived from the rental and maintenance of EDC terminals as well as higher non-recurring software sales from the Solution Services segment. The Group is presently laying the ground work to commence TPA on a wider scale and is presently awaiting approval from the bank regulators for a TPA arrangement similar to that signed with the Thailand bank earlier this year.
Thailand saw 2Q revenue increase +44.4% yoy to RM2.03 million (2Q 2013 RM1.41m) mostly due to an opportunistic sale of EDC terminal sales to a bank. Business has been negatively impacted by the political uncertainty in the country which continues to cause major corporations and banks to defer expenditure on payment infrastructure. In addition some contracts involving the government have been stalled pending the execution of required legislation. The TPA business commenced cautiously in the start of the 2Q as the group felt it prudent to scale back on marketing and sales programs in order to save costs given the uncertainty surrounding the country’s political impasse. These programs will be extended once the political environment becomes clearer and banks and merchants start to re-grow the economy.
To all Ghlsys long term holders, i attach some research on EPS and PE calculation for sharing purposes. For punters, and novice analyst, sorry not for you. Thank you.
Facebook Defies the Law of EPS
Posted on September 27, 2012 by Dustin Lewis
Undoubtedly, Facebook stock is a topic that intrigues me – not because I’ve finally found the right moment to “cash in” on a little piece of social networking heaven, but because the stock price has been (and remains) a complete enigma. In my last post, Owning a Piece of the Largest Social Network, I argued against purchasing Facebook stock during its May IPO – primarily because the valuation (especially for a company with no sustainable business model and/or revenue stream) was insane. Fast forward five months later, Facebook stock has dropped 40% since its opening price of $38 a share and presently hovers around the high teens to low twenties – for many, this begs the question: “Is it finally time to purchase a few Facebook shares?” Well my friends…sadly…the answer is a simple “no” – at least in my opinion. Facebook stock continues to trade at ungodly multiples of their EPS (earnings per share) and its only a matter of time until the market adjusts – sending Facebook stock price plummeting to the low to mid teens.
Let’s break this down a bit. Earnings Per Share is the portion of a company’s profit that’s allocated to individual shares of outstanding, common stock – EPS is important because it gives investors insight into the overall profitability and health of the company. Recently, Facebook has traded as high as 47 times their projected 2012 profit of 48 cents a share (or, alternatively, 36 times estimated 2013 earnings of $.63/share.) Sound a bit high? Well, it is. To put this in perspective, let’s compare Facebook with two other giant, established technology companies: Google and Apple. With Google stock price at a whopping $757 a share and Apple trailing close behind @ $676, both companies trade around 16x of estimated 2012 earnings. Case in point – if Facebook is valued at $61 billion, that’s more than 10x their estimated 2012 revenue of $5 billion…Google trades at half this valuation. Don’t ask me why, because I don’t have an answer.
What makes Facebook stock valuation more puzzling is that it almost seems to ignore the flood of restricted stock the company has issued into the market (I’m assuming to prevent Facebook employees from debunking to Google/Apple/Amazon.) Again, let’s crunch some numbers: Facebook issued $1.4 billion of restricted stock in 2011 (or almost $500K per employee) while dishing out another $1 billion of restricted stock thus far in 2012. If the stock expense is amortized in the following years at, say, $.20/share that still leaves the company with an estimated $.43 ($.63 (-) $.20) EPS for 2013 that will have the company trading at 35x EPS if the stock falls to the mid teens in the future – this is still a high valuation. This high valuation also fails to ignore the continued dilution of Facebook stock as more shares move from restricted to unrestricted status.
Facebook has the ability to generate a great deal of revenue, but whether or not the company is able to develop a sustainable strategy to turn potential into reality is another question – I’m talking about Mobile. Facebook now gets, on average, $5 in revenue annually from each user – multiple this by a 955 million user base and that’s a good chunk of change. However, Facebook is far from solidifying a Mobile strategy that’s capable of driving large revenue streams – a notion that became apparent when the company shelled out $1 billion for Instagram (Facebook was apparently having trouble with the whole uploading mobile pics, thing.) Facebook needs to develop a mobile strategy, and fast – and by mobile strategy I don’t mean blasting users with Shared Stories every time they open the app on their smartphone. As more and more users move from checking Facebook on their PCs to Mobile, the importance of a Mobile strategy will only grow. It’s clear that Mobile is a “must” for Facebook, but it also acts somewhat as a double edged sword for the company – as more and more users switch to jumping on their iPad/iPhone/Android to update their status’ and check their walls, isn’t Facebook just giving Google and Apple a piece of the revenue pie? Think competition…
Second quarter revenue for Facebook had risen 32%, but expenses (including stock based compensation) rose 60% – I expect to see more of the same fluctuations if the company continues to flood the market with common stock and fails to put a dent in their Mobile strategy. Don’t get me wrong – I’m not saying that Facebook is incapable of generating revenue long term; however, for a company without a solid strategy… do I think the stock trading at twice the valuation of Google is a little, uh, odd? Yea, yea I do. My advice – buy Facebook when the price falls to the mid teens.
yawn those who bought ifca and listened to me last week rdy huat like hell today. 30+ % today. Listen to this person and you will forever not make money. Go in Smrt now and you will make money, go in Sumatec and you will certainly make money. Go in Seacara and you will be guaranteed to make money. TQ
lol IFCA already up 40% this week. What a loser. You think I would go in big if I didn't have advantages ah. I am an investment banker not a retard like you, of course I am way superior than almost all of you. listen to me and you will win.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sbg3106
360 posts
Posted by sbg3106 > 2014-08-19 11:52 | Report Abuse
already loaded