Posted by Chua Boon Chin > 2014-07-19 22:04 | Report Abuse

Those inggeris educated , pls use google translate to understand ! appreciated ! u will realize me better , u definitely support me end of my initiative to enhance the Dream Goal .MARCO DREAM >

Posted by koi koh > 2014-07-20 07:47 | Report Abuse

CBC, Salute u a thousand times

Posted by Chua Boon Chin > 2014-07-20 11:26 | Report Abuse

The greatest glory in living lies not in never falling, but in rising every time you fall." – Nelson Mandela, Former President of South Africa
「生命的最棒的榮耀不在於永遠都不曾失敗，而是在於每次我們失敗後再站起來。」— 曼德拉 , MARCO WILLING TO TRY AND NEVER GIVE UP , CONSISTENT TO TRY UNTIL ARCHIVE THE GOLDEN TASK . VERSION 0.20 is compulsory and necessary .

Posted by Chua Boon Chin > 2014-07-20 11:32 | Report Abuse

STAND UP ! life is like road block , we challenge it and one by one we across it . Life only meaningful .

Posted by Chua Boon Chin > 2014-07-20 11:39 | Report Abuse

MARC is the exclusive Casio consumer electronic products distributor in Malaysia with an established distribution network of >800 customers.Backed by steady 5.5-6.7% annual earnings growth and sturdy balance sheet (Sept 2013: 3.7 sen net cash/share), it offers an attractive annual dividend yield of 9.2-10.2%. MARC is NOT RATED, with a fully diluted MYR0.22 FV. We ascribe a 10x FY14F P/E to value its core business.

Timepiece distributor. MARC has been the exclusive distributor of Casio timepieces since 1972, with established series such as G-Shock, Baby-G and Edifice under its umbrella. Over the past 2-3 years, the group started carrying timepieces from other brands to diversify its offerings. These include Caterpillar, Movado, Hush Puppies and Dunlop. We estimate the timepiece division as a whole currently makes up >70% of MARC’s topline, of which a significant 80-90% is contributed by Casio watches. The remaining 30% of its revenue is mainly sourced from its distribution of Casio Computer Co Ltd (6952 JP, NR) consumer electronic products like calculators, musical instruments, label printers and digital cameras.
Management team. MARC’s operations are currently led by Mr Siau Hock Cheng and Mr Wong Hock Yim. Both are executive directors of the company and have been with MARC for >10 years. Its largest shareholder, Tan Sri Dato’ Tan Hua Choon (24.4% stake), sits on its board as a non-executive chairman.
Attractive dividend play. We are forecasting MARC’s FY14F-16F earnings to register reasonable growth of 5.5-6.7% per annum, led by its timepiece division, as we expect continued innovation and creativity under Casio’s G-Shock, Baby-G and Edifice series to propel sales. We note that management has declared a hefty YTD DPS of 2.4 sen (which translates into a YTD payout ratio of 150%), given its healthy net cash balance of MYR39.4m as at 3Q13. Going forward, we are forecasting for DPS of 1.5-1.6 sen for FY14F-FY16F, based on a projected payout ratio of 90%. This is in view of its sturdy balance sheet, coupled with potential cash infusion of MYR26m from the conversion of its outstanding warrants. This will translate into a lucrative yield of 8.6-9.6% per annum.

Posted by Chua Boon Chin > 2014-07-20 11:43 | Report Abuse

The Best Of Times
Brief history. MARC is the exclusive distributor of Casio timepieces, calculators, electronic musical instruments and digital still cameras in Malaysia. The partnership first started in the 1970s when the company was established. As of today, MARC distributes Casio’s products to over 800 customers in Malaysia. Casio-related sales made up >90% of 2012 sales.

Management team. MARC was listed on Bursa Malaysia in 1999 when it took over the listing status of Khong Guan via a backdoor listing. Operations are currently led by Siau Hock Cheng and Wong Hock Yim. Both are executive directors of the company and have been with MARC for over 10 years. Its largest shareholder, Tan Sri Dato’ Tan Hua Choon (24.4% stake), sits on the company’s board as a nonexecutive chairman. Tan Sri Tan is a fairly well-known entrepreneur with several reported holdings in listed companies like Goh Ban Huat (GBH MK, NR), FCW (FCW MK, NR), and PDZ (PDZ MK, NR).Mass market pricing. The jewel in the crown of MARC’s operation is its distribution of Casio timepieces, which made up >60% of the company’s sales in FY12. Among the well-known brands of Casio timepieces that the group distributes are the GShock, Baby-G and Edifice series. Based on our on-the-ground survey, Casio watches carry a MYR50-MYR2,000 per piece price range, with the latter price point
representative of some of its limited edition timepieces . Judging from the pricing, we believe Casio watches are mainly catered for the mass to middle-upper income markets.

Sunset industry? Not quite. While some may argue that the watch industry could soon be a sunset industry, given the increasing prevalence of smart phones, we foresee a relatively stable demand growth for Casio watches. W e like the brand’s three-pronged approach of:
i. being a must-have fashionable item for the youth market on its Baby-G series, which are typically priced at MYR150-MYR350 per piece;

Posted by Chua Boon Chin > 2014-07-20 11:49 | Report Abuse

Marco may rally after the firmer close yesterday. Traders may buy the stock if it stays above MYR0.175 today, with a close below MYR0.17 as a stop-loss. The price target is MYR0.23, if the MYR0.20 resistance is broken. However, note that the stock could trend lower if it fails to stay above MYR0.175, while further support is at MYR0.165.

Source: RHB 17/07/14 CBC analysis .

Posted by bovun2014 > 2014-07-20 18:00 | Report Abuse

Datuk Tan's theme play next week? gpa, MARCO, KELADI

Posted by Chua Boon Chin > 2014-07-20 18:16 | Report Abuse

bovun2014 = little 3 ?

Posted by Chua Boon Chin > 2014-07-20 19:53 | Report Abuse

give high hope ! OUR REAL DREAM .

Posted by KAHFIEHLAI > 2014-07-20 20:09 | Report Abuse

Marco can change name to CBC

Posted by dragonking > 2014-07-20 20:44 | Report Abuse

CBC,, u make name in focus recently, you like robert tan hua choon hor?

Posted by Chua Boon Chin > 2014-07-20 21:26 | Report Abuse

Marco equal my blood ! My money ! Understand .

Posted by Chua Boon Chin > 2014-07-20 21:42 | Report Abuse

Marco is legend last century fighter ! Never give up and consistent do their duty in order archive the new revolution task . Garmateh .

Posted by Chua Boon Chin > 2014-07-20 22:07 | Report Abuse

Partner Networking
In line with Marco's corporate culture which encourages partner networking, Marco has extended its reach to a new horizon. Marco has its affiliated timepiece retail chain network,namely Time Galerie. Time Galerie was awarded the largest timepiece retail chain in Malaysia by the Malaysian Book of Records.

Beyond Malaysia, Marco has spread its network wings to the ASEAN region. To date, Marco has established the partner network and offices in Singapore, Thailand, Vietnam, Cambodia.


Marketing Driven Organization
Sound marketing is the very instrument that enables Marco to maintain its pole position.

We are conscious of the ever-changing nature of marketing patterns and techniques, and while updating our marketing programs and public-oriented strategies we set strategic partnerships along the way.

Familiar with the industrial and consumer milieu, we carefully plan every aspect of our marketing strategy, from positioning to sponsorship, distribution channels, trade shows and events, nothing is left to uncertainty. Naturally, given Marco team, its aptitudes and intimate understanding of marketing and customer needs.


Management Information System
In order to achieve operation excellence, Marco capitalizes on its state of the art Management Information System.

Information and data are available and accessible anytime for business reporting, decision making and business planning.

Marco implemented the Enterprise Resource Planning System (ERP) in its Malaysia operation system. ERP is an online ordering system, which provides the trade a speedy order fulfillment advantage.


Talent Development
Marco strongly believes in investing in its people. Employee development is a critical success factor in achieving Marco's vision.

Marco constantly develops its talents through the latest skill development programs. Contemporary business thinking, personal development skills to environmental consciousness have always been Marco's focuses in developing its talents.

This is one of the driving forces that have contributed to the success of Marco.

Posted by Chua Boon Chin > 2014-07-20 22:12 | Report Abuse

Tired of waiting
Well, looking at KLCI that move up higher and higher is a very tiring process especially when already sold out most of the stock in my portfolio. So I decided to buy in some hidden gems again. This time the stock is MARCO. http://www.marcoholdings.com.my

Marco Holdings Berhad is a Malaysia-based company engaged in investment holding and the provision of management services to its subsidiaries. The Company, through its subsidiaries, is engaged in the distribution of electronic calculators and timepiece including the brand of Casio, Catterpilar, Movado, Hush Puppies and Dunlop . Within 5 years from 2007, Marco's eps from 0.56 cent had rise to almost four times at 2.04cent in 2012.

MARCO's major operation can be divided into local market and regional market (thailand, singapore, vietnam, brunei, cambodia, myammar). In local market, it is further divided into timepiece division, calculator division and musical keyboard and digital camera division. In 2012， timepiece division's revenue covered 56%， calculator division covered16%， musical keyboard and digital camera division covered by 7% and regional market covered 21%.

Since Malaysia government started to distribute BRIM in 2012 to students from all level including primary, secondary and tertiary, this drived MARCO's calculator division revenue to rise 4.2million or 29% from 14.2million in 2011 to 18.6million in 2012. Although calculator division is only the third contributor，I believed Marco's Casio calculator has indispencible position in Malaysian education system. I personally have few of this and still usable until this days. I bet every Malaysian have one because it has become a neccessity in studying Mathematics in the secondary.


SWOT Analysis

Strength
1. Marco has operated since 1972 and 41 years of experience prove the company can go through any economy crisis.
2. Government every year provide book voucher and allowance for students to buy stationary and indirectly increase the purchase of calculators.
3. Casio calculator is well known for its quality and long lasting which increase its brand awareness.
4. The table for quarter financial result above shows a steady increase in EPS proving that the company is in the right track.
5. The dividend given in 2012 was 1.4 cent which equivalent to DY of 9% based on share price of 15 cent.
6. The company is cash rich with 5.6 cent per share equivalent to more than 30% of the share price.
7. Casio calculator is the main preference for all secondary and tertiary students.
8. Marco had achieved positive earning since 2002 and continue to increase in EPS according to http://klse.i3investor.com/servlets/stk/fin/3514.jsp


Weakness
1. Marco does not possess the monopoly in the market as consumer can get Casio from other suppliers.
2. There will be competitors for its watches since Marco only distribute few brands.
3. Marco's warrant will reach due date in 2014 and will sure dilute its EPS. Marco's share issued is 794,589,500 units, Marco's wa is 272,484,780 units. Let say all the WA is exercised and the total share unit will be 1,067,074,280. If company maintain the profit like 2012 which was RM14,872,000, then EPS will be RM14,872,000/1,067,074,280= RM0.139 which still make Opportunity
1. The number of students in Malaysia is the potential client for Marco's calculator.

Number of students in Malaysia
Boy Girl
Preschool 97,158 94,784
Primary 1,411,082 1,332,067
Secondary 1,134,792 1,144,378
Total 2,643,032 2,571,229
Total amount : 5,214,261
source :http://www.moe.gov.my/

Posted by Chua Boon Chin > 2014-07-20 22:14 | Report Abuse

Tired of waiting
Well, looking at KLCI that move up higher and higher is a very tiring process especially when already sold out most of the stock in my portfolio. So I decided to buy in some hidden gems again. This time the stock is MARCO. http://www.marcoholdings.com.my

Marco Holdings Berhad is a Malaysia-based company engaged in investment holding and the provision of management services to its subsidiaries. The Company, through its subsidiaries, is engaged in the distribution of electronic calculators and timepiece including the brand of Casio, Catterpilar, Movado, Hush Puppies and Dunlop . Within 5 years from 2007, Marco's eps from 0.56 cent had rise to almost four times at 2.04cent in 2012.

MARCO's major operation can be divided into local market and regional market (thailand, singapore, vietnam, brunei, cambodia, myammar). In local market, it is further divided into timepiece division, calculator division and musical keyboard and digital camera division. In 2012， timepiece division's revenue covered 56%， calculator division covered16%， musical keyboard and digital camera division covered by 7% and regional market covered 21%.

Since Malaysia government started to distribute BRIM in 2012 to students from all level including primary, secondary and tertiary, this drived MARCO's calculator division revenue to rise 4.2million or 29% from 14.2million in 2011 to 18.6million in 2012. Although calculator division is only the third contributor，I believed Marco's Casio calculator has indispencible position in Malaysian education system. I personally have few of this and still usable until this days. I bet every Malaysian have one because it has become a neccessity in studying Mathematics in the secondary.


SWOT Analysis

Strength
1. Marco has operated since 1972 and 41 years of experience prove the company can go through any economy crisis.
2. Government every year provide book voucher and allowance for students to buy stationary and indirectly increase the purchase of calculators.
3. Casio calculator is well known for its quality and long lasting which increase its brand awareness.
4. The table for quarter financial result above shows a steady increase in EPS proving that the company is in the right track.
5. The dividend given in 2012 was 1.4 cent which equivalent to DY of 9% based on share price of 15 cent.
6. The company is cash rich with 5.6 cent per share equivalent to more than 30% of the share price.
7. Casio calculator is the main preference for all secondary and tertiary students.
8. Marco had achieved positive earning since 2002 and continue to increase in EPS according to http://klse.i3investor.com/servlets/stk/fin/3514.jsp


Weakness
1. Marco does not possess the monopoly in the market as consumer can get Casio from other suppliers.
2. There will be competitors for its watches since Marco only distribute few brands.
3. Marco's warrant will reach due date in 2014 and will sure dilute its EPS. Marco's share issued is 794,589,500 units, Marco's wa is 272,484,780 units. Let say all the WA is exercised and the total share unit will be 1,067,074,280. If company maintain the profit like 2012 which was RM14,872,000, then EPS will be RM14,872,000/1,067,074,280= RM0.139 which still make MARCO's PE around 10 now.

Opportunity
1. The number of students in Malaysia is the potential client for Marco's calculator.

Number of students in Malaysia
Boy Girl
Preschool 97,158 94,784
Primary 1,411,082 1,332,067
Secondary 1,134,792 1,144,378
Total 2,643,032 2,571,229
Total amount : 5,214,261
source :http://www.moe.gov.my/

2. Government had assure there will be BRIM for students annually increasing student's purchasing power.

Threat
1. Economy downturn decreasing sales of Marco's watches and calculators.
2. Government may not be able to continue BRIM for long term.

Posted by Chua Boon Chin > 2014-07-20 22:17 | Report Abuse

Current P/E Ratio (ttm) 8.9005
Estimated P/E(12/2014) 8.5000
Relative P/E vs. FBMKLCI 0.5322
Earnings Per Share (MYR) (ttm) 0.0191
Est. EPS (MYR) (12/2014) 0.0200
Est. PEG Ratio -
Market Cap (M MYR) 179.23
Shares Outstanding (M) 1,054.31
30 Day Average Volume 5,420,250
Price/Book (mrq) 1.3359
Price/Sale (ttm) -
Dividend Indicated Gross Yield 4.71%
Cash Dividend (MYR) 0.0080
Dividend Ex-Date 02/11/2014
5 Year Dividend Growth 33.67%
Next Earnings Announcement 08/15/2014

Posted by Chua Boon Chin > 2014-07-20 22:18 | Report Abuse

BURST IS COMPULSORY ! GENUINE .really the BULL RUN .

Posted by Chua Boon Chin > 2014-07-20 22:19 | Report Abuse

TRADE MARK RECOGNITION >MARCO TRADE .

Posted by Chua Boon Chin > 2014-07-20 22:20 | Report Abuse

0.20 NOT a DREAM is DOUBLE genuine .

Posted by Chua Boon Chin > 2014-07-20 22:22 | Report Abuse

MARCO BEING u BETTER living .LUXURY and HARMONY .

Posted by Chua Boon Chin > 2014-07-20 22:24 | Report Abuse

BETTER LIFE , THINK MARCO .IMAGE DISPLAY ! FUTURE EXCELLENCE .

Posted by Chua Boon Chin > 2014-07-20 22:27 | Report Abuse

DEPARTURE FOREIGN FUND TOMORROW ! WORLDWIDE INSTITUTE INVESTOR PARTICIPATED ON TIME TOMORROW SESSION MORNING <WAVE IT TO ITS LEVEL , above 0.20 .ki ki

Posted by johnnytensai > 2014-07-20 23:55 | Report Abuse

@CBC, thank you for your comment~
let's pray for it to happen^^

Posted by Steven Yong > 2014-07-21 00:43 | Report Abuse

Can it run high？ without corp events, dun think so.

Posted by oopstikus > 2014-07-21 00:46 | Report Abuse

you must be buying big in MARCO Boon Chin. Anyway, I think 0.16~0.17 is a good entry price and keep till 0.20. Realistic.

Posted by Chua Boon Chin > 2014-07-21 06:09 | Report Abuse

FANTASTIC sound . GOOD luck to Your ....

Posted by ahbeng77 > 2014-07-21 09:19 | Report Abuse

i am buying additional 50lots to test water... any comments on the next quarter report CBC?

Posted by Johnson Tan > 2014-07-21 09:19 | Report Abuse

Some statistics - there are a total of 3130 comments prior to this message and more than 60% of these messages are written by the same person with similar remarks pertaining to the target price of the aforementioned stock (3514) - setback is the current pricing is still more than 20% off the said-targeted pricing

Posted by fatjim > 2014-07-21 09:41 | Report Abuse

Jahson you make a good point here ..... also looking at the current turbulence it might not be a good time to enter the market ......

Posted by sslim > 2014-07-21 11:36 | Report Abuse

yeah.. soon will hit my buying target,,, 15ccc

Posted by koi koh > 2014-07-21 11:46 | Report Abuse

just added 50k at 0.17

Posted by sky2 > 2014-07-21 11:53 | Report Abuse

Koi KOh, I also added 25k just now........and dream on...

Posted by koi koh > 2014-07-21 11:59 | Report Abuse

One day marco will fly cos the others had moved . Just wait for marco term cos the game is on. Sweet dream always to everybody

Posted by sky2 > 2014-07-21 12:05 | Report Abuse

Do not forget, Marco has about 50m Cash n 50m paid up lands, anything is possible.....

Posted by koi koh > 2014-07-21 12:15 | Report Abuse

Next q may give dividend, hope to get 5%

Posted by sky2 > 2014-07-21 12:21 | Report Abuse

IF it is RTO or corporate restructuring, then comes our bonus...

Posted by oooooo88 > 2014-07-21 12:40 | Report Abuse

bought 100 lot :)

Posted by fatjim > 2014-07-21 12:40 | Report Abuse

I have many times advise people not to listen to the false news created by these people .... they create news like the little 3 and bird-bird....... they have planed for many month to get to this level, I strongly believe they are trying to unload at 0.17 ...... this is the reason why the price could not get pass the current level.

Posted by sky2 > 2014-07-21 12:45 | Report Abuse

Fatjim, if do not know how the big fish play up a stock, then better not to talk like an Expert......ok if u want to line up lower at 15.5sen to buy...chance is u might not get it at all.........wait lah

Posted by koi koh > 2014-07-21 13:03 | Report Abuse

When marco can reach 15.5 sen, i definately will not be in the market cos the whole board will be useless and pure red in colour. So use your intelligence to trade an up trending position. My one million shares are still with me

Posted by koi koh > 2014-07-21 13:16 | Report Abuse

if u want to make fast money , u should go to ifcamsc counter. i already profit 25k from ifcam

Posted by sky2 > 2014-07-21 13:22 | Report Abuse

Well said Koi Koh...nice advice

Posted by snake_eye > 2014-07-21 14:11 | Report Abuse

marco would not back to 15.5 sen or even 16sen..

Posted by sky2 > 2014-07-21 14:48 | Report Abuse

Raya is not too far off.............

Posted by fatjim > 2014-07-21 15:30 | Report Abuse

Raya is not too far .... yes we know that ......

Posted by sky2 > 2014-07-21 15:40 | Report Abuse

when sharks clear off 17.5sen later , then I think u do not know....

Posted by fatjim > 2014-07-21 15:53 | Report Abuse

U think those sharks are stupid .... they will unload before Raya to bring down their risk during the KLSE close period

Posted by ahbeng77 > 2014-07-21 16:27 | Report Abuse

17.5cents coming.... woooooohoooo