PM Corp made 20 Millions last quarter. About 3.2 cents for a 24 cents share. And MUI Berhad (3891) Assets Are Very Superior. Much more valuable than Brem or Keck Seng dollar for dollar or cent for cent. Check it out carefully.
comparing kseng vs pmcock? pmcock earning was made up by selling asset and not sales. sooner or later the $$$ will be used to save pm/pui ass rather than building the business nor return to share holders.
I bought Kseng at RM2.60. Also bought UMW in year 2004. See my 10 Year Celebration comment in UMW Forum. Bought RM2.40 in 2004. Now in year 2014 UMW is a Blue Chip at over RM10.00.
So talkking, check these out whether they are true or false.
Cash pay out delayed. Just wait. As to conman. I told TigerShark to buy PM Corp at 20.5 cents. You can check this out at PM Corp Form Tread and find my advise.
PM Corp shot up to 37 cents and retraced to 21.5 cents lowest. Still higher than the 20.5 cents I told him to buy. So if he had taken my advise to buy at 20.5 cents he should do well. In fact I told all to buy at 15 cents on 20th September 2013. All who did still make money till now.
So the advice is still good. Longer term like UMW - PM Corp should be good.
Don't buy based on NTA, useless. NTA high so what ? it's not like they will be privatized and give you cash also. What goes up will come down. Brem also being gorenged up by syndicate and I'm looking for the doomsday for Brem.
leslieroycarter, RM 160 million is just about everything that PM Corp has. Syndicates will make charts beautiful for you to jump in. Counters losing hundreds of millions can also have beautiful charts. That is how syndicates trap naive investors.
previously many analysts painted a rosy picture on kseng that the share may worth more than a fortune but sadly all became myths ....punters began to discard shares of kseng irrespective it has accumulated more than a Billion cash ! Either Cash, NTA , Tangible assets , undervalued assets will not lure any more people into the fold unless and until the management do something positive for the minority shareholders...
It's on a downtrend since early November `13. Doesn't matter what the NTA or whatever is. The 6.00 support is crucial - if it slips below 6, then we'll have to wait until it does find the support and form a new base. It may be a good company as some say but there's no compelling reason to buy it at the moment.
From about RM 4 to almost RM 8 and back to RM 6, Keck Seng has already given up 50% of its gains. This is a very serious correction. It can't be more serious.
@pi, why not ? the major part of the so called gains from the low of 3.52 in Sep11 to high of 7.97 in nov 13 were more or less due to the rigmarole of a "special dividend"eading to 31 Dec2013. All these came to nought ! Now, the rout should continue .........
babu, when Keck Seng was at RM 3.52, the KLCI was lower than 1300 points. Keck Seng's net cash and its share investments are already worth more than RM 3.75 today. I do hope it can drop back to below RM 4 again.
At RM 6.00 , Kseng is really cheap considered it is still RM1 par compared with others which had done the splitting from RM 1 to 20 cts or 10 cts..If you were to calculate properly that Kseng at par 10 cts only equate to 60 cts which is comparable to most of the penny stocks in Bursa...irrespective whether they are cash rich, asset rich and in addition it is really undervalued compared with others.. Now is the right chance and opportunity to to own one ...the choice is yours.
no need to worry at all, kseng is net cash, enjoying favorable forex in its biz. kseng this fiscal year is certain to perform better than last year already. some correction is actually good.
Keck Seng has undergone a far too long and far too serious correction over the past 2 months. The only natural thing is its shares would rebound strongly, given the right conditions.
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calvintaneng
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Posted by calvintaneng > 2014-02-04 11:55 | Report Abuse
No lah, PM Corp has Net Net CASH 24 cents. Share less inflated like KSeng. PM Corp is trading at only 24 cents cash value.
So PM Corp is KING of kings.