raw material cost of paper for Asiafile as noted in quarterly report increases. The increase of cost yet to transfer to customer, perhaps a slight negative for time being
Icon8888 Plane orna looked good. Buy now or buy later ?
Icon, we all miss you lah. Orna i myself bought some to hold longterm, i like the boss as he is the owner of a famous biscuit brand himself. no worry on cashflows so far.
But timing of buying is tricky. Now global trade wars, i don't suggest to buy or sell anyway. do own study is always best, feel comfortable, can sleep well at night
Valuation wise its pretty ok. But given the bad market environment now, there are cheaper.
I'm not sure how long this condition of cheap raw material will last. Current PE of 6.7 is due to record earnings. Normal earnings is more like 12. Not take into account the debt yet as well.
And end of the day, this is a cost based business with very little to zero moat. Pretty good as a 3-6 month trade, maybe a year. But probably a bad idea to hold long term.
I would suggest timecom, guaranteed 20% increase in rev and operating earnings this year.
But PE is 27 hahahaha. So its at FV, and fail at kyy less than 10pe requirement.
As for RCECAP. I'd rather he stay away. That one no need his help to fry. Sooner or later will go up.
Rcecap I am rather concern. Their income 8ncreases this few years is mainly due to the sukuk? I doubt also if can last long, not sure about the sukuk things, maybe you can help us understand more as your auditor field so has more insights and understanding on this.
If you look at their earnings from 2004 to 2012. Every single year they make more money.
Only after 2012 there was a major impairment as BNM, forced personal loans to be maximum 10 year and cap the loan payments to 60% of salary.
Before this, they were loaning them at 20-25 year tenure. And more than 60% cut. Imagine this, people paying you 20% effective interest rate for 20-25 year. Wow. Just wow.
After that impairment (when BNM forced the tenure short, they had to ask for the money back from all their debtors, making a significant portion of them bankrupt), its back to business. Just less lucrative, but still very lucrative. Personal finance etc is just one of the best business in the world.
They are a few basic factors on why i think their revenues and earnings will generally go up on a longer period. A lot of it is human nature, some of it is due to the nature of their customer base.
On the sukuk issue. That is a money raising method, a way for them to leverage up. Not make money. And the method they use to raise money is just, wow. You pay a little bit more compared to a bond issue or loan. But your risk is so much lower, all of it is apportioned to other people.
Take a look at the report by maybank if you want to understand further.
Posted by paperplane > Apr 3, 2018 11:38 AM | Report Abuse
Rcecap I am rather concern. Their income 8ncreases this few years is mainly due to the sukuk? I doubt also if can last long, not sure about the sukuk things, maybe you can help us understand more as your auditor field so has more insights and understanding on this.
Every time it drop, i get more excited and i want to top up. My cost is RM1.55. I keep thinking wont get chance to buy at this price, and always scared it shoots up.
But on the other hand, i know PH is going to win elections, and cause market to drop for a few weeks to months from May onwards. So i better save money to shoot during then. Right now, i'm 92.5% invested with no margin. Id like to be at 80-85% invested when market dives.
you forgot to put 1 thing; which is "profit growth prospect" , which for me is "forecast for 2018/2,2018/3...2019.." ,only those banker hardworking enough to do site visit and do audit check to selected company.
Hi! Plane gor From an economics perspective and government fiscal policies impact what secotr likely under protect and hurt despite the Us vs China war trade chaos ....
What best strategies to well protect our hard earn money beside just deposit in for mesirable fd interest earning ?
For me safest assets based on history is tollroads. Last time powerplant also ok,thts why ytl managed to grow so big. But I don't like power plant now. Tollroads, Duke, and wcehbd.
If trade wars not ending, I guess no one can be sparred. Those sector which self sustain will be relatively less hurt I guess.
I manage to identify few good recently IPO listed, Which their earning power and moats are most competitvely with a plus 1 to its peer but at lower valuation currently .
MFRS 9 changes impairment recognition completely. Instead of recognizing impairment as and when they come.
You now have to provide an impairment the moment you make a loan or buy an asset. The impairment % made is based on historical analysis or whatever you have on hand.
And the key thing is that your expected impairment cannot be less than 1% if im not mistaken. this means, banks which own alot of government bonds etc, which they say have zero impairment previously, now need to impair 1%.
While companies like RCE, while they will be affected, should be not that drastic, since they dont have these "zero impairment" assets to begin with.
In addition, the last year quarter and report will also need to be restated under the new standard. So no diff really. Just an accounting standard.
paperplane Will MFRS9 going to impact their book significantly for RCECAP? another concerns also, they would need to allocate some impairments there. 03/04/2018 12:58
Actually only malaysia market drop day by day making new low 。 80% stock already fall from the top to new low 40~ 70% 。 what the hell malaysia, now no any country in bear market , only malaysia in bear market ? This never happen b4 history。
Rce is good, i understn as an investor we should look into earning and not price. But sometimes we cant neglect price also. The past 10 years trend for rce is very very bad even with good earning
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Posted by paperplane > 2018-04-03 08:57 | Report Abuse
there is nothing fancy about this things, a good tool suggestion for all
https://www.klsescreener.com/v2/