5 people like this.

50 comment(s). Last comment by paperplane2016 2016-05-18 00:21

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2016-04-13 18:54 | Report Abuse

My first target price for Pensonic => RM0.77 (13% upside from today close price RM0.68)

PE ratio @ 10 times 0.97 43%
PE ratio @ 9 times 0.87 28%
PE ratio @ 8 times 0.77 13%

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-13 20:39 | Report Abuse

Ah. Superman. Ccb!

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-13 20:39 | Report Abuse

Now superman pensoni?

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-13 20:41 | Report Abuse

Pensoni=笨傻你。。。。

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-13 20:43 |

Post removed.Why?

Ven Felix

2,182 posts

Posted by Ven Felix > 2016-04-13 20:51 | Report Abuse

Trailing on uptrending band. Good Counter with 5% yield. Roe attractive at above 20.

Ven Felix

2,182 posts

Posted by Ven Felix > 2016-04-13 20:54 | Report Abuse

Pensonic are technically sound above all the counter that has Tootootplane2016 made. Looki at his call; kesm, bornoil,...all masuk Longkang.
Pong Pong Pong should go hide in her cave. Don't disgrace yourself here.

VenFx

14,784 posts

Posted by VenFx > 2016-04-13 20:57 | Report Abuse

Looser Plane2016 only good on chicken run with her Pink Tootoot,
while I challenge him.

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-13 22:51 |

Post removed.Why?

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-13 22:52 |

Post removed.Why?

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-13 22:54 |

Post removed.Why?

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-13 22:57 | Report Abuse

This commercial kampung standard punya! Low, cheap, lousy

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-13 23:00 | Report Abuse

I never said airasia my baby! It is rmoi baby.

VenFx

14,784 posts

Posted by VenFx > 2016-04-13 23:14 |

Post removed.Why?

Posted by Ezra_Investor > 2016-04-14 01:09 | Report Abuse

At first glance, I only looked at the ROE, and man, I already don't like it.
Seems like a red flag to me.

lian999

9 posts

Posted by lian999 > 2016-04-14 03:19 | Report Abuse

Pensonic is low quality good compare to Panansonic. If you buy expect to change after warranty period. Good buy?

sherlock

306 posts

Posted by sherlock > 2016-04-14 04:03 | Report Abuse

SuperMan 99.very good and fair analysis.

sherlock

306 posts

Posted by sherlock > 2016-04-14 04:17 | Report Abuse

panasonic=toyota camry
pensonic=honda city
i am wondering can we compared camry and city directly while ignore the price different?or can we simply concluded demand for city should lower then camry,just because quality of camry is better?
target market is totally different man.
if wanna goes for premier brand and quality,then go for CORNELL,which also own by pensonic and comparable with panasonic.

Ricky Yeo

1,637 posts

Posted by Ricky Yeo > 2016-04-14 09:55 | Report Abuse

PE Ratio - The PE might goes up slightly but I doubt it will hit 9-10. Look it this way, this company has been making a return below cost of capital for a decade, would any investor ascribe it a higher PE because the ROE has improve just for a year? Let's see why the ROE improves to find out how real it is.

ROE - ROE is made up of margin, turnover and leverage. Leverage and turnover yoy remain pretty much the same with some improvement. So the focus is on margin. Operating margin is 1.5%. Oh but net profit margin jumped to 4% from 0.77% in 2014. Throw in high leverage, you can see why ROE rocket from 3% to 17%. But where do their get that high margin? it's not from their core business but from 'other profit' namely forex gain of 16 mil.

Dividend - For a company to distribute dividend, it has to come from somewhere, something has to give, in this case book value. Dividend reduce book value. And for a company that cannot earn more than cost of capital, it is destined to sell below book value. So if book value doesnt grow, which is the case of Pensonic ($0.7 in 2006 to $0.75 in 2016), it doesnt really matter how much dividend yield there is, you are going to 'lose money' in the long term.

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2016-04-14 10:04 | Report Abuse

Ricky Yeo, the ROE is 10%, not what you said of 17%, you have to take out the gain on disposal of property which amounted to RM8.4m.

I don't like to count this kind of windfall gain, that's not normal operating profit.

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2016-04-14 10:06 | Report Abuse

One more thing, Ricky, since when Pensonic has forex gain of 16 mil?

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2016-04-14 10:07 | Report Abuse

If using your principle, should we not to buy Airasia now?

tksw

12,598 posts

Posted by tksw > 2016-04-14 12:11 | Report Abuse

waa.. superman sifu got blog one arr. this time can get tipsy liao.

skyz

1,650 posts

Posted by skyz > 2016-04-14 13:38 | Report Abuse

superman, good and fair write up, especially when u negated the gain from property disposal in forecasting the TP.

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2016-04-14 18:05 | Report Abuse

Hi, tksw, welcome to visit.

Thank you, sherlock & skyz.

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-15 01:10 |

Post removed.Why?

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-15 01:12 | Report Abuse

Now i know why certain ppl keep losing money. Cant see the tree and the wood. Thts why so msny noobies being lured by some fantastic report and so promising forecast like 170% upside, sapu now etc. Sell car, sell house, sell wife, sell sons and all in!

What kind of stupid advise are those?

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-15 01:14 | Report Abuse

By the way, remind u all, if tht person not licensed or wualify and make statements on investment recommendations like con con did,, he should get ready to be sued.! A person can be sued by providing wrong analyses openly.

Ven Felix

2,182 posts

Posted by Ven Felix > 2016-04-15 01:58 | Report Abuse

Pplane2016 a true idiotic.

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-15 02:19 | Report Abuse

So?

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-18 23:08 | Report Abuse

Come on, your title not interesting enough lar!
Must write like icon.
Sell your car, your house, sai Lang!

VenFx

14,784 posts

Posted by VenFx > 2016-04-18 23:11 | Report Abuse

Pplane2016 snake out as a loser and start shouting crazy.

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2016-04-18 23:12 | Report Abuse

Hi paperplane, sound good.

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-18 23:16 | Report Abuse

Highly suggest

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-25 23:00 | Report Abuse

Lousy result

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2016-04-26 09:43 | Report Abuse

Yes, paperplane, it is a disappointing result

Posted by Ezra_Investor > 2016-04-26 11:49 | Report Abuse

The result is not unexpected.
Looking back at the key ratio over the years, they have been rather poor.
Thin NP Margin, Low ROE, Poor and inconsistent FCF, Low EY, etc.
They may have been doing better in 2015, but one year of improvement is not sufficient enough to proof anything yet.

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-26 11:52 | Report Abuse

told ya, lousy company, lousy results.

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-26 12:28 | Report Abuse

(TP = 0.77, 0.87 & 0.97)

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-26 12:28 | Report Abuse

hshshss

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2016-04-26 14:06 | Report Abuse

paperplane, why you always behave like that?

GODinvest

377 posts

Posted by GODinvest > 2016-04-26 14:24 | Report Abuse

Paperplane is 24 hour 处于兴奋状态

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-26 14:28 | Report Abuse

: (SuperMan 99) PENSONIC HOLDINGS - Consumer Stock with Attractive Valuation (TP = 0.77, 0.87 & 0.97)

SuperMan 99

1,178 posts

Posted by SuperMan 99 > 2016-04-26 16:22 | Report Abuse

Investing or buying stocks are always up & down, but the way you treat people is just sometimes unbelievable.

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-04-27 13:49 | Report Abuse

(SuperMan 99) PENSONIC HOLDINGS - Consumer Stock with Attractive Valuation

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-05-18 00:12 | Report Abuse

Pensoni woh, undervalued woh.... jokes of the year.

Icon8888

18,658 posts

Posted by Icon8888 > 2016-05-18 00:19 |

Post removed.Why?

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-05-18 00:20 |

Post removed.Why?

paperplane2016

21,623 posts

Posted by paperplane2016 > 2016-05-18 00:21 |

Post removed.Why?

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