Posted by wkc5657 > 2020-11-05 13:43 | Report Abuse

MBMR or POS better?

Posted by Choivo Capital > 2020-11-05 13:44 | Report Abuse

I have both, MBMR is bigger size though. Because lots of money coming out as div.

Posted by soojinhou > 2020-11-05 14:20 | Report Abuse

Another note, many people say that the sales volume is boosted by the sales tax exemption. If one is to study the quantum of discount before and after the exemption, it is on average 3% savings of 2-3k only. I don't think such a minor discount can drive such strong sales. Therefore, I think it is credible that avoidance of public transport is also responsible in driving the strong sales, playing straight into the private transport theme. Therefore, should the sales tax exemption be removed next year, I think sales should still be resilient at around 20k unit per month.

Posted by speakup > 2020-11-06 09:20 | Report Abuse

Choivo still around? not arrested by SC for giving out stock recommendation without license?

Posted by ITreeinvestor > 2020-11-06 09:54 | Report Abuse

Choivo, where is icon8888?

Posted by Gidstock > 2020-11-06 11:33 | Report Abuse

Hi Choivo, what do you think when electronic vehicle become common in the future and selling at affordable price? Is perodua R&D working towards electronic vehicle? Oil will deplete one day and electronic vehicle is the effort human is taking towards green and renewable energy.

Posted by KevinL > 2020-11-06 18:54 | Report Abuse

MBMR 0176
Plus point:
- Reducing debt level since FY17.
- Low P/B in FY20 of 0.56. However, average P/B since FY15 is 0.57.
- DCF (discounted at 15%, growth rate of 8%) based on past 3 years average is RM 3.24.
- Positive liquidation price of RM 0.51.

Negative point:
- Slim net profit margin. 5 years median of around 5%
- Low 5 years average core ROE of 4.55%
- Annualised P/E in FY20 is 22.1. Average P/E since FY15 is 8.4. Despite the current price has drop significantly in FY20, it is still relatively higher than the price pre-FY19 even though its FY20 annualised net profit is much lower than pre-FY19 net profit.
- Negative expected return: Downside RM 0.51, upside RM 3.24. Current price RM 2.86. (-2.35 x 50% = -1.175) + (+0.38 x 50% = +0.19) = -0.985
- Expected return vs current price: -34%

Conclusion:
- Unattractive from long-term valuation perspective.
- Require sentiment and catalyst i.e. very strong boost in QR earnings to invigorate market interest.

Posted by Zuliana > 2020-11-07 18:07 | Report Abuse

After what happened to Choivo Lctitan prediction .. no more looking at another Choivo prediction.
Once bitten, still want to be bitten again???

Posted by stockraider > 2020-11-07 18:28 | Report Abuse

Posted by Victor Yong > Nov 7, 2020 4:53 PM | Report Abuse

Too strong the tsunami in volume, traders yang negatif rugi saja :). Big Dana sapu, tiada dapat stop it

Date Close Volume
06/11/2020 0.14 210,315,400
05/11/2020 0.125 157,969,200
04/11/2020 0.115 170,114,300
03/11/2020 0.10 22,745,700
02/11/2020 0.10 15,774,400
30/10/2020 0.105 8,089,700
28/10/2020 0.12 653,000
27/10/2020 0.12 3,567,700
26/10/2020 0.115 2,413,300
23/10/2020 0.12 3,333,300
22/10/2020 0.13 6,231,200
21/10/2020 0.13 8,978,900
20/10/2020 0.14 4,131,700
19/10/2020 0.14 7,777,700
16/10/2020 0.14 7,777,700
15/10/2020 0.15 3,656,000
14/10/2020 0.15 14,174,900
13/10/2020 0.16 3,426,000
12/10/2020 0.155 13,841,200

Posted by stockraider > 2020-11-07 18:30 |

Post removed.Why?

Posted by stockraider > 2020-11-07 18:30 | Report Abuse

Remember With Rm 126m to Rm 131m net cash in Netx with the RI completed ,u can find big opportunity mah...!!

In addition there is a bigger skin in the game, where management confidently buyout netx & had put in rm 36m of its own hard own money to be the new substantial shareholders loh...!!

Everything is reset for Netx, it is the beginning of a New Era & a new prosperous technology NETX Mah....!!

Very Bullish scenario mah...!!

Posted by stockraider > 2020-11-07 18:31 |

Post removed.Why?

Posted by stockraider > 2020-11-07 18:33 | Report Abuse

Remember Technology business high growth sector must have some exposure when they are opportunity get it for a song like Netx mah..!

Posted by bursakid > 2020-11-08 21:18 | Report Abuse

My EP is 2.85, I will come back and have a look at it again after 2 more QR's