Posted by rc15 > 2014-10-03 16:40 | Report Abuse

Kenanga Investment Bank Berhad
c/o Equity Derivatives and Structured Products
5th Floor, Kenanga International
Jalan Sultan Ismail
50250 Kuala Lumpur

Tel: 03-2161 4059
Fax: 03-2713 1378

Posted by Cowboy > 2014-10-03 16:57 | Report Abuse

After less 1.08*Narra price; the first refer price of HLI is current price less 1.08*Narra price as well, which is about 3.70, cheap cheap.

Posted by happyman > 2014-10-03 17:03 | Report Abuse

cowboy , are u confusing everybody .?

Posted by Cowboy > 2014-10-03 17:06 | Report Abuse

Kenanga is confusing everyone.

Posted by 8wpwtmt8 > 2014-10-03 17:08 | Report Abuse

I have called the market operation of Bursa Malaysia, Puan Wan Ezrin, telephone number 03-20347548. It is 100% confirmed that HLI share price after ex-date will only be minused RM1.08 and not the price of Narra. You all can contact her yourself to reconfirm.

Posted by Steven Tan > 2014-10-03 17:20 | Report Abuse

T_T... Still holding CA... i went in at 0.265... now 0.155.... Cut loss also too late already.... So disappointed.....

Posted by Novice168 > 2014-10-03 17:24 | Report Abuse

Have a good long weekend everyone. Drive safe, and see you again next Tuesday. Happy Hari Raya Haji; This is a festival to celebrate prophet Ibrahim's obedience to Allah. Same story in the Christian faith.

Posted by Cowboy > 2014-10-03 17:27 | Report Abuse

OK, thank you.
If it is so, it is clean to have free Narra share at the price of par value rm1.00, 1.08 share.

Posted by Cowboy > 2014-10-03 17:28 | Report Abuse

At the price of rm1.08 price adjustment of HLI current price.

Posted by rc15 > 2014-10-03 19:02 | Report Abuse

Do u think hlind will trade at last closing price of 13 Oct minus 1.08.on 14 Oct?????that is only reference price set by bursa due to some funny reason which is only known to them.....unless Quek decided to be an early Santa Claus in Oct.....u pray hard....-amen

Posted by Steven Tan > 2014-10-03 19:14 | Report Abuse

http://theantdaily.com/Main/Brace-for-volatile-trading-times-and-shocks

Posted by ericoconut > 2014-10-03 19:32 | Report Abuse

Where got so many big frog jumping in the street?
After the Ex-date, Narra share price will get adjust. (due to share issued increase). Market will decide both shares price.
Personnelly, current HLIND price is already reflects and factor in Narra price. I bought this counter since initial announcement. For me, the current HLIND price is already buy 1 get 1 free. Durian sudah runtuh.

Posted by ericoconut > 2014-10-03 19:35 | Report Abuse

But for sure, I don't mind Narra & HLIND price keep increase after Ex. Just an extra bonus.

Posted by Cowboy > 2014-10-03 20:05 | Report Abuse

Whatever is it, just focus on the sum of two prices after ex. As mentioned earlier, both are at historical low level.
This means need to prepare to hold long term.
The low side work out as HLI's DY last year is rm 0.35. 7.5% interest return (better than FD, ASN, rental, etc... and able balance off the infration rate.) work out the price as rm 4.67. The high side work out as EPS=0.54 and PE=15, Price = rm 8.10. These will be the reference prices after ex.
Narra no DY yet, need to use the PE from others similar cement plant. 90m / 480m =0.1875; PE=25 (with plant expension in progress), price = rm 4.68
Total = rm 9.35 (low side); rm 12.78 (high side)
Whatever lower than is a good buy and keep.

Posted by Novice168 > 2014-10-03 20:07 | Report Abuse

Estimate of post distribution: HLind EPS 0.54 + Narra est EPS 0.23= 0.77. Say market rate PE @ 12; then combine value = RM 9.24. ? Question is : the estimate EPS of 0.23 is based on what issued share quantity? Anyone know?

Posted by Cowboy > 2014-10-03 20:11 | Report Abuse

Oh..... missed out one item. Buy at this moment earn additional premium of 0.08 share of Narra, which is about rm 0.37.

Posted by ericoconut > 2014-10-03 20:37 | Report Abuse

Cowboy, refer to "Whatever is it, just focus on the sum of two prices after ex. As mentioned earlier, both are at historical low level."

Last time HLIND acquired MPI, now MPI already not part of HLIND. Therefore we can't refer to the historical price chart.

Please refer: https://www.amesecurities.com.my/gc/doc/HLIND%20Capital%20Distribution%20and%20Capital%20Reduction.pdf

Posted by ericoconut > 2014-10-03 20:48 | Report Abuse

Just keep HLIND for long term, who's know HLIND will announce "Hong Leong Yamaha Motor Sdn Bhd" capital distribution in the future.

Posted by Cowboy > 2014-10-03 20:49 | Report Abuse

Sorry, 2013's lowest.

Posted by Cowboy > 2014-10-03 21:03 | Report Abuse

EPS does not need to consider no of share issue. The no of share issued has been divided off.

Posted by happyman > 2014-10-05 19:14 | Report Abuse

cowboy , HLI s divedend is rm0.26 not rm 0.35

Posted by Steven Yong > 2014-10-07 11:26 | Report Abuse

bye bye HLIND liao

Posted by Jane Yen Shiang Cendol > 2014-10-07 11:33 | Report Abuse

HLIND should now going up again b4 ex or heading south further?
a sharp drop of 80sen from its highest, and after ex price adjustment will make a lot of investor cry. T.T

Posted by DANIELSKS > 2014-10-07 11:34 | Report Abuse

Novice, the projected earnings for Narra for FY2015 is 90M. The eps of 0.23 is computed from the paid up of 379M shares.

Posted by Cowboy > 2014-10-07 11:34 | Report Abuse

Just accumulate.

Posted by Steven Yong > 2014-10-07 11:35 | Report Abuse

They purposely want to chase off those contra players, opportunity seekers. Should up a lot once EX.

Posted by Cowboy > 2014-10-07 12:09 | Report Abuse

Hit the bottom already.......

Posted by Novice168 > 2014-10-07 12:19 | Report Abuse

DANIELSKS , so what will be the projected EPS if include the new Narra shares issue?

Posted by moisking > 2014-10-07 12:19 |

Post removed.Why?

Posted by ericoconut > 2014-10-07 16:27 | Report Abuse

Dear KC,
Yes, should buy more. Because your TP is RM12 and than RM15.

Posted by DANIELSKS > 2014-10-07 16:30 | Report Abuse

Novice, the 0.23 is the projected eps with the increased share base. If you divide the earnings of 90M with the 379M shares, you will get that figure.

Posted by bearguy > 2014-10-07 16:44 | Report Abuse

sell it now

Posted by bearguy > 2014-10-07 16:44 | Report Abuse

i kutip later

Posted by Novice168 > 2014-10-07 16:59 | Report Abuse

Thank you Danielsks, Now I don't have to worry about this crazy sell down. The fundamental of HLIND and Narra is good.

Posted by 8wpwtmt8 > 2014-10-07 19:58 | Report Abuse

This cunning Quek can push down Narra price 20 sens each market day. When investors got their Narra shares, it might be left with only RM1.00. As Ericoconut said "Where got so many big frogs jumping around in the street?" That is what my remiser said too.

Posted by Novice168 > 2014-10-07 20:52 | Report Abuse

If Narra is earning 0.23 EPS; then at modest 10xPE will be RM 2.30. Other cement company has higher PE like around 20; so take 15xPE for Narra, it should be 3.45. ....yes?

Posted by Steven Yong > 2014-10-08 02:48 | Report Abuse

The same way hlcap played. Suddenly drop, many chased out. Then boom. 300% return.

Posted by Steven Tan > 2014-10-08 08:48 | Report Abuse

http://www.theedgemalaysia.com/business-news/310644-asian-stocks-extend-global-selloff-as-platinum-gains-oil-slides.html

Buckle Up

Posted by KClow > 2014-10-08 09:33 | Report Abuse

i told u all market going to correct.. hope u listened to me.. cheers

Posted by Steven Yong > 2014-10-08 09:42 | Report Abuse

Go F yourself KCLow, ask ppl buy, then ask ppl sell. No standing at all.

Posted by Steven Yong > 2014-10-08 09:51 | Report Abuse

sapu HLIND, 30% over return in down fall mkt

Posted by Novice168 > 2014-10-08 09:56 | Report Abuse

Hi Steven,what happened in HLcap case?

Posted by Steven Yong > 2014-10-08 10:09 | Report Abuse

nothing. I should keep quiet

Posted by DANIELSKS > 2014-10-08 10:11 | Report Abuse

Stay with the fundamentals, you won't go wrong. Due to the bearish sentiment it will need a bit longer to realise its value though. Am still collecting.

Posted by hevea > 2014-10-08 11:36 | Report Abuse

looks like the downward movement is controlled , to frighthen panic seller

Posted by Cowboy > 2014-10-08 11:43 | Report Abuse

Super offer price at this moment.

Posted by Cowboy > 2014-10-08 12:26 | Report Abuse

No contra kaki at this moment, those dont have holding power will not participate in these couple days.

Posted by ericoconut > 2014-10-08 14:12 | Report Abuse

Steven Yong, HLCAP price up is different scenario from HLIND. It is a game between tycoon Quek and Dr Yu.

http://www.thestar.com.my/Business/Business-News/2014/08/23/Dr-Yu-Im-a-longterm-investor-in-HLCap/

Posted by Duitlai > 2014-10-08 15:13 | Report Abuse

Add to fast this morning,will add again

Posted by Cowboy > 2014-10-08 15:26 | Report Abuse

Narra has not announce 2nd line expension yet. After confirmed, it is also a good plant to go privatization.