Wta is ur view again on US Fed Interest Hike? Remain the same, 1500 pts??? I see Malaysian Banking performance..... It is a great burden for KLCI to hit 1700 for Q1 2016...
Exactly.... 0.25-0.5% is starter..... next move will surely kill alot.
But on the other hand. By Mathematic count:
US Interest Rate(projected gain): 1% for 9 months
Malaysia: Currency appreciation: 15% per year Equity market: 3.5% per year..................
Global investors shall make balance investment plan to "park" their money in Malaysia market. UNLESS MALAYSIAN GOT REVISED TO --NEGATIVE FEW GRADES ABOVE BRAZIL....
Thanks for sharing.... Same view long term suffering...
U are most welcomed...... Promise I am ur silent reader & supporter forever... A very good fren from i3.....
See.... give u two LIKE liao..... so far I haven see anyone can get my 3 LIKEs............. the most is YOU! ada happy bo??? If happy then treat me Steamed Sour Sotong + Black Tilapia....
Duit that day I eat steam giant black tilapia (they brand it Norway Tilapia) in sweet and sour sauce.... eat until saliva wet the table cloth.. fuiyoh....
A lot of investors miss a lot of points, comintel can go much further, why?
(i) the company is not fully driven by forex gain alone, check out their statement, volume actually improved, and the company in fact reported a forex loss, why? because they hold USD loans, so if you said that the forex drive the company performance, your guess is not so correct, BCM (look at below) is actually funded in USD, while revenue is all based in USD too
(ii) "Our continuous cost improvement initiatives, shipment of better margin products and strengthening of US dollar have helped in contributing an improved profit margin", this was highlighted in annual report too, the company has been cutting down cost, and product switch has also improve the profit margin
(iii) Icon's way is a simple way to value the company, but if you dig further, the company manufacturing has been making 3% margin last year, and now 6% due to change in product mix and usd gain, but look at their other division as well, the losses had reduced, thus double booster to pat
(iv) green energy is expected to contribute to pat next year, especially second half, a 1MW normally could add rm1.5m profit to the company, the company has 2MW, this has not been factored in
(v) Info on their manufacturing arm, BCM, a Malaysian Electronics Manufacturing Services (EMS) entity that provides turnkey manufacturing services, was incorporated on 20 August 1993. BCM has since evolved from merely a cost effective local manufacturing entity to a world class EMS provider servicing multi-national and international companies currently. BCM possess RF engineering know-how with box-build and product development capabilities, comprehensive supply chain management in the high-mix low volume niche manufacturing segment. The company is also accredited with the certifications of MS ISO 14001:2004 Environmental Management System, MS ISO 9001:2008 Quality Management System, ISO/TS 16949:2009 Manufacturing of Telecommunication PCB Assembly and Box-Build Assembly for the Automotive Industry (without product design and development) and EN ISO 13485:2003+AC:2007 Contract Manufacture of Power Supply Modules for Medical Devices.
Another EG in the making, doing BOXBUILD /PBCA ASSEMBLY FOR AUTO/MEDICAL, for information check out here
(v) If i were the company, i will dispose all the non related asset that was loss making like how GESHEN did it and keep the EMS division, this division is making like RM8m per quarter, which will value the company at RM320m market cap instantly, instead of pity market of RM80m, definitely a gem that could be worthwhile held for
IF I AM AS RICH AS KOON YEW YIN I WILL BUY UP THE WHOLE FREE FLOAT AND TELL THE MGM TO DISPOSE NON RELATED ASSET AND RERATE THE COMPANY, a 3-4 BAGGER IN THE MAKING, i just dint understand why management is so silly to keep the non related division in the listed co, should have just privatise it
People like kk123 totally got no business sense. I recommend such a good stock, instead of zoom in to study carefully, he nag nag nag non stop and keep harping on negative things.
People like OTB and Alpha Trader are like Hawks. I talk a little bit, they already can smell the money, immeidtely dig out all the info to figure out how to make money
That is the difference between a seasoned investor and a dead wood
Well Said Icon Sifu. In the nutshell , no matter how good u give ; still people complain one. Just ignore. Continue do the good job and earn the respect from everyone which u are right now. U are our "The Last Mohigan in KLSE"
I do not think this stock meets otb's strict selection criteria
read his comment carefully
he did not mention a word this stock at this price is a good buy
he praised icon for his hard work,
he advised that we should be thankful to those willing to share, esp icon, he had made many to make money , including me
icon indeed had done a good job and shared with us at the earliest time possible . a noble act, can't find any fault, no reason to doubt his truthfulness.
let's come back to comintel, if the potential upside is 170% , then if you buy at 70 sen , it is still cheap. but be aware, all the exciting stories as mentioned by some of the forum members are future sort of thing and is hard to tell the outcome
I do not make a in-depth study of this counter, I just browsed through some basic financial data at bursa market place, I feel this counter is definitely not my cup of tea because of low net income margin, just about 2%, less than the interest you get form the bank and the company FCF especially the receivable also a big problem
so my advice is
1. main sikit-sikit for thrill is ok, overconfident is better not
2. RGB is a better buy. this counter is also recommended by icon
Anyone who spend a lot of time reading the annual report can translate it into human language I had a weak memory to digest every single number on the report
the market will always reward the brave, who actually invested goshen last year when they were making lousy profits? who actually held eg at 50cents before it rallied and rights with warrants? eg has a lousy margin as well, yet they deliver, and who actually bought tasking warrant when they fell to 16cents this year? even with fcf negative, if future prospect are good, cash flow will turn positive is just a matter of time, of course when your sales are picking up, your cash flow will be negative initially
again is about risk reward, even you buy now, you are buying at historical p/e of 10x, that is ignoring what management had guided, future is gonna be better, and improving margins with cost cutting efforts, just like eg/geshen in the past
calvintan has his own style, but the fact that he always became red eye and condemned other stocks only makes him more enemies, what is bjcorp price now by the way haha
When VS started to move, it is also the same pattern.
Many FA sifu also said that VS is worth 3.00 to 3.80 base on historical data. I told them it is future earning that determine the market price not historical earning. I told them let time tells who is right, no point to condemn me at that time. Presently the price of VS is 8.00. Please learn this lesson, it is the future earning that determine the market price not historical earning. I will not buy any no growth company even FA is very .. very good. It is not up to us to determine the market price, it is Mr Market. Please follow Mr Market. I hope all of us should learn this strategy. Do not go against Mr Market. Thank you.
I had bad feeling it may drop because if I was to compare it with EG, it's surging is leading EG by too far. Even if Comcorp has many division and higher eps. The valuation won't be going too far too.
To be frank, look at the whole investment thesis. The whole thesis is build on one thing - MYR vs USD to stay at current level. What is the probability of that? I doubt you can give any subjective probability where the forex rate is going to be in 2016. This is not risk, this is uncertainty.
Do you want to speculate based on that one single event? If you have many catalyst going at the company for example like business growing, ROE improving, winning new contract etc. Then if one fail to materialise, there are few others catalyst that protect your downside. Invest in something by assuming where forex rate will be is like predicting the weather for 2016 christmas.
OTB you are correct it is the future earnings that determined the stock price. But you do notice you didnt explain if future earnings expectation has been priced into the share price. It isn't how much the future growth will be, it is about how much surprise there is.
People that buy in VS at the price now by assuming future earnings will continue to grow, their fate is very different from your entry price or KYY. Your entry price can survive a 5% earning growth, but for ppl entering at current price, 5% growth is dead zone for them. Why? Because at current price, the market is pricing VS to grow 20% or more.
Yea alright Johotin and SIGN continue to grow their earnings too, but what happen to ppl that bought at the peak?
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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....
Tkoklin
162 posts
Posted by Tkoklin > 2015-12-19 17:42 | Report Abuse
Talk cok again.