This morning someone bought at 74 as first trade to initiateprice for today. Didn’t work. Bad sign when this resorted to. People still having a profit should quit NOW.
The Board of Directors of the Company wishes to announce that PT Tropicana Healthcare Indonesia (“PTTHI”), a 95.57% owned indirect subsidiary of TMC LIFE duly established under the laws of the Republic of Indonesia had on 15 January 2019 commenced the members’ voluntary winding-up process and appointed PT TMF Indonesia as the liquidator of PTTHI.
PTTHI is currently dormant and have no intention to carry on business or operation in the future.
The members’ voluntary winding-up of PTTHI is not expected to have any material financial and operational impacts on TMC LIFE Group for the financial year ending 31 August 2019 and no material losses are expected to arise from the members’ voluntary winding-up of PTTHI.
None of the Directors and/or major shareholders of the Company and/or persons connected to them have any interests, direct or indirect, in the members’ voluntary winding-up of PTTHI.
who is having the most share in the company the one will still have the power on the top of management ! ! you will see someone will deliberately pressing down the price to accumulate more in order to increase shareholding at a cheaper price !!!
gogreen, FYI, I have been holding this stock for many months and if you don't believe, pls do some homework check back the chart then you will know that whenever price up some one (the culprit) will press down the price !!!
gogreen, if you can comprehend the chart, then easily you can notice that most of the time this stock up for 1 or 2 days then pressed down back to square one, even they throw out with no profit margin !!!
The company profit grew at around 8% in FY18 which is a lot lower when compared to the high growth seen in FY17 and FY16 (45% and 48% respectively). This might signal the start of a lower growth rate going forward to more sustainable rate which is still good given that most companies at the moment are finding it hard to deliver growth to their shareholders.
However, at the current market cap of almost RM1.3bil and 12-month trailing profit of RM29mil, the company is already being valued at more than 44x PE. Any future potential growth would have already been price in. Assuming the company managed to deliver a profit of RM40mil in FY19 (meaning the next 3 quarter will need to achieved a profit of RM11mil/ quarter. This level of profit has only been achieved in 4Q18 and 4Q17 only) the company would still carry a high valuation of 32x PE. Some investors might be a bit too bullish on the potential growth rate going forward and will potentially be disappointed if the profit growth slows down even further.
If you are looking to diversify your portfolio outside of TMC Life (due to its relatively high valuation) I would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.
FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.
Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.
Good luck.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2938 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Myeye
1,373 posts
Posted by Myeye > 2019-01-03 12:09 | Report Abuse
+0.725 ~.~