Group executive chairman and managing director Datuk Tan King Seng said after a shareholders’ meeting that JHM would supply signature lighting lamps for the rear end of branded cars of a North American customer.
Whereas, the said deal shall be generates US$50mil ( x 4.10 = RM$205mil), per annum starting next year. So, try to put that in a simple calculation..
[Contribution impact from new North American customer]
- Annualized profit (excluded existing income) > Rm$205 x 0.10 average gross margin = $20.5mil - Earning per share (e.p.s.) > $20.5 / 123mil shares = $0.167 eps. - After Bumi special issue dilution > $0.167 / 1.125 = $0.148 eps. - Fair valued to JHM, apply x10 p.e. > $0.148 x 10 = $1.48 ( my another winner counter)
( Hope to get a more oficial announcement from the management; btw, Jhm got to need more funding source to support their huge capex this round. Probalby, a right issue ? hmmm,,interesting )
Chart still looks good, short MA still on top of long MA, line still trending upwards, although these 2 days doji appears, as long as it does not go below 5MA, 10MA, 20MA(depending on your risk tolerance) is safe to hold.
JHM' Ta chart were indicated a mildly overheating during morning session. When the 1Mdb default has triggered the alarm, Jhm has a good chance to deep to its 20 Sma support line and manage to bounced back to 10 sma .As long Jhm stay above its Mid bollinger band. Trending line is seen on the healthy path.
SINGAPORE (April 27): Rating agency Fitch said on Wednesday it does not expect that the developing situation at 1Malaysia Development Bhd (1MDB) will have an immediate negative impact on Malaysia's sovereign ratings.
The statement came after 1MDB said on Tuesday it did not pay a US$50.3 million coupon on a US$1.75 billion bond following a stand-off with Abu Dhabi sovereign fund IPIC, triggering cross defaults on some of its other bonds.
Fitch said it believes there is an increasing likelihood that at least some of 1MDB's debt will be formally assumed by the Malaysian government, but added it has long viewed 1MDB as a close contingent liability of the sovereign.
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....
VenFx
14,784 posts
Posted by VenFx > 2016-04-25 12:21 | Report Abuse
joelyk : bargain price <0.50
25/04/2016 12:17
Me : Hahaha