Its INTRINSIC value is Rm55.77. At current price of Rm13.96 ( 12pm of 21-6-13 ), it is trading at 80% discount to its intrinsic value. ( valuation wise it is very very cheap )
Its ROE is 16% > 15% (good management)
Its net profit margin is 20% > 20%(has very strong business competitive edge)
Its free cash flow growth rate is 19% > 15% (healthy cash flow)
Its Neff ratio = 2.0% > 2.0% (valuation wise it is very cheap) Its dividend is Rm250 per 1000 shares, giving a yield of 1.6% (below average)
As on 21-6-13, it is RM 13.96 and is over sold by market ( bottom of trend line ) and is waiting for price rebound any time despite US’s announcement of QE withdrawal soon by 4Q2013
Kevin,if I decide to keep for long term, or minimum three years,what is your advice, I bought some amcorp recently and decide to keep for minimum three years.thank you!
Nine banks agree to pay US$2 billion to settle forex rigging suit Publish date: Fri, 14 Aug 2015, 08:25 PM NEW YORK: Nine major banks accused of foreign-exchange rigging have agreed to pay more than US$2 billion to investors in settlements, a law firm involved in the process said Thursday.
Plaintiffs have "reached settlements totalling more than US$2 billion with Bank of America, Barclays, BNP Paribas, Citi, Goldman Sachs, HSBC, JPMorgan, RBS and UBS," legal firm Hausfeld said in a statement published after a hearing in New York.
Hausfeld, which represented investors, gave no indication how the sum would be divided between the banks and said that the agreements were preliminary and must still be approved by US District Judge Lorna Schofield.
In June, sources close to the situation reported that Barclays would pay US$375 million, HSBC US$285 million, BNP Paribas nearly US$100 million and Goldman Sachs about US$130 million. But they also specified that the amounts were subject to change.
None of the banks responded immediately when contacted by AFP.
Some of the banks in Thursday's announcement had already agreed to specific sums.
US banking giant JPMorgan Chase agreed to pay US$99.5 million in January, followed by Bank of America at US$180 million, Citigroup at US$394 million and Swiss UBS at US$135 million.
"In addition to the billions of dollars in compensation, these settling banks have agreed to cooperate with investors in their continuing litigation" against other institutions, Hausfeld said.
Thursday's agreements are distinct from proceedings led by US and British regulators, which in May ordered US$6 billion in fines on six major banks - Barclays, JPMorgan Chase, Citigroup, Royal Bank of Scotland, UBS and Bank of America - for rigging foreign exchange market and Libor interest rates.
Barclays, JPMorgan Chase, Citigroup and the Royal Bank of Scotland all pleaded guilty to US Justice Department charges of conspiring to manipulate the massive currency market.
"While the recoveries here are tremendous, they are just the beginning," said Hausfeld chairman Michael Hausfeld.
"Investors around the world should take note of the significant recoveries secured in the United States and recognize that these settlements cover a fraction of the world's largest financial market," he said.
The firm also noted that it was considering "concerted action" in London. -- AFP
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.
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....
gdinvest
2 posts
Posted by gdinvest > 2013-06-02 23:47 | Report Abuse
Hi, Have u any idea why HLFG share price drop so much suddenly.?