Posted by Logic Trading Analysis > 2015-11-23 23:42 | Report Abuse

you all did not do detail analysis. u will missed this train.

Posted by JT Yeo > 2015-11-24 04:14 | Report Abuse

WTF never know flowers has anything to do with the company performance, u should check the toilet too.

Posted by JT Yeo > 2015-11-24 04:18 | Report Abuse

I think i can go around all the companies in bursa, all give them PE 10-12, 80% will be undervalued

Posted by AllWin > 2015-11-24 07:09 | Report Abuse

Profit should be consistent at 10-11M after the Australia company acquisition last year. Reasonable pe is 10-12 for current economic. Thanks for analysis.

Posted by pingdan > 2015-11-24 13:43 | Report Abuse

Too much part of the profit of kimhin consists of investment income.

See below:

30/6/2015 3.3mil out of 10mil consist of fair value gain on investment
31/3/2015 2.45mil out of 11.1mil consist of fair value gain on investment
31/12/2014 2.8mil out of 5.8mil consist of fair value gain on investment
30/9/2014 3.1mil out of 1.28mil consist of fair value gain on investment

From the latest rolling 4 quarter, 11.65mil (EPS7.9sen) out of 28.18mil (EPS19.32 sen) consists of fair value gain on investment, which is 41% of the company profit.
Hence the real earning for Kimhin business is EPS11.42sen.

Are kimhin doing business of investment? You buying kimhin because of investment income or their business.

Currently, the company trading at RM2.56 and the rolling 4 quarter for EPS11.42sen, which mean the company currently trading at PE22.42.

Cannot ignore that Kimhin have expansion in Australia, drop in oil price will help the cost of sales decrease and usd earning trading but because of the price now trading at PE22.4, I dont tink it is a good investment.

Just my own opinion. Im might be wrong. Trade at your own risk

Posted by yktay1 > 2015-11-24 14:35 | Report Abuse

Thanks for sharing

Posted by Logic Trading Analysis > 2015-11-25 19:05 | Report Abuse

KIMHIN result better than my blog's expectation !! Hurray !!
6:12PM KIMHIN Nine-month net profit 31.690 million (increased 51.30%)
Revenue RM 91,817 Mil (Increase!) Net profit RM 9,945 Mil (increase!) EPS 6.79 cent ..woahhhhhh !

Posted by Ben Gan > 2015-12-23 04:11 | Report Abuse

KimHin looks a good bet. It's FA & TA are in accord. At RM2.23, it has further upside going forward. Thanks for a good analysis , LTA

Posted by soros228 > 2015-12-23 07:57 | Report Abuse

Well said. Currently in the process of taking over Johan Ceramic.

Posted by paperplane2016 > 2016-01-03 00:39 | Report Abuse

The gas price just announced increased, bad news??

Posted by cumcumshot > 2016-01-26 08:32 | Report Abuse

Interesting write up from Logic. Just wonder how you could visit the factory, are you related person to Chua? Instead of going up and up, my guess is KImHin will be privatised by Chua.