Posted by greatman9 > 2014-02-13 21:04 | Report Abuse

hopefully break 1.63 then can see 1.72

Posted by mysterious99 > 2014-02-14 17:04 | Report Abuse

NARR’s earnings are set to surge. NARR’s earnings are set to jump post the ongoing corporate restructuring. Although the consolidation of profits from the cement and concrete businesses are only expected to commence in FY15, we have prepared a proforma statement from FY12-15 (see Figure 18) based on NARR’s enlarged structure post the proposed exercise for your easy reference. As the company’s furniture business has barely hit breakeven levels over the past two years, the market will view the asset injection as a backdoor listing. HCement will contribute almost 90% of NARR’s enlarged FY15 earnings, with the synergistic concrete business generating the remaining 10% profit for the company. We think NARR will be rebranded as the new cement stock on Bursa Malaysia.

Posted by mysterious99 > 2014-02-14 17:04 | Report Abuse

Value creation already in the making in NARR. We opine that investors would agree that, in the past, NARR had little chance of appearing on the investment radar. Aside from being tiny, the company’s existing principal activities are in the mundane yet highly-competitive furniture industry. As NARR is set to carry on with its proposed 50% capital reduction before consolidating its two MYR0.50 shares into one MYR1.00 share, its theoretical share price will be double that of its present market value. NARR last closed at MYR1.56, which implies 20.6x P/E on our FY15 estimates. The company’s share price, post the proposed corporate exercise announcement, once again supports our view that the exercise is value-accretive, especially with NARR’s current valuation far exceeding HLI’s.

Posted by mysterious99 > 2014-02-14 17:05 | Report Abuse

NARR’s FV at MYR2.27. Cement stocks enjoy decent valuations inclusive of regional peers in the fast-developing South-East Asia (SEA) region, where valuations are now averaging at 14.6x one-year forward P/E. That said, due to the scarcity – and also partly due its generous dividend policy that pays in excess of 90% of net profit – both LMC and TC are generally trading at a premium to their regional peers. That said, as HCement is only a new kid on the block – via its greenfield plant – coupled with the possibility of its Phase 2 expansion limiting its ability to pay generous dividends when compared with its local peers – we prefer to estimate a 30% payout ratio vs the standard Hong Leong Group practice of paying almost half of earnings. Therefore, we think it may be more appropriate to value NARR at 15x FY15F P/E, which is a 15% discount to its West Malaysia peers. Hence, we derive a FV of MYR2.27. Although this is lower than its market price now, we suspect that a possible earnings surprise on the upside may justify a higher valuation.

Posted by JCool > 2014-02-15 10:22 | Report Abuse

M99..... r u trying to promote narra or wat?


......As NARR is set to carry on with its proposed 50% capital reduction before consolidating its two MYR0.50 shares into one MYR1.00 share, its theoretical share price will be double that of its present market value. NARR last closed at MYR1.56..................... so post consolidation d price shd b MYR 3.12 ie 1.56 x 2..


Then........... NARR’s FV at MYR 2.27.


MYR 3.12 now vs FV MYR 2.27.... is Narra b a good buy at current price?

Posted by JCool > 2014-02-16 10:09 | Report Abuse

FV MYR 2.27 ÷ by 2..... d price now shd only b MYR 1.135.......

Posted by dhuwit > 2014-02-16 10:37 | Report Abuse

i think as long the price below rm1.60 is worth it to buy

Posted by JCool > 2014-02-16 12:01 | Report Abuse

Well...... I suppose a lot of ppl r willing to pay extra... 50 sen now... RM 1 post .... as Quek Leng Chan premium....

Jz close to 50% extra for da man... ok wat...... but jz hope d da man himself wont sell again like wat he did some 2 3 mths ago....

Posted by tjhldg > 2014-02-17 01:58 | Report Abuse

kikikiiii

Posted by messi2u > 2014-02-17 06:59 | Report Abuse

how come still sleeping?

Posted by kelvinongbk > 2014-02-17 13:09 | Report Abuse

Just hold on to your stock and wait for the announcement...

Posted by rooney2u > 2014-02-17 13:11 | Report Abuse

kelvinongbk, what is the announcement?

Posted by kelvinongbk > 2014-02-17 14:18 | Report Abuse

that Bursa approve the injection of cemment into Narra and also capital reduction.

Posted by Mordecai > 2014-02-17 21:48 | Report Abuse

Is Narra a good buy at this price? Is it possible for the price go be reduced to 1.135? Any word of wisdom?

Posted by richcares > 2014-02-17 21:48 | Report Abuse

i think too high price now

Posted by Mordecai > 2014-02-17 21:52 | Report Abuse

Richcares, thanks. What do you is a reasonable price to enter?

Posted by richcares > 2014-02-18 05:39 | Report Abuse

Because of capital reduction, rm1.00 will be good. Unless you don't mind the premium now with the QLC factor. Still waiting for it to drop

Posted by thor88 > 2014-02-19 06:09 | Report Abuse

how come keep dropping?

Posted by calvintaneng > 2014-02-19 08:14 | Report Abuse

Dear Friend,

Narra has weak fundamental in HL Group. You should look at Southern Steel instead. The demand for steel in M'sia remain strong. HL Group once wanted to take Southern Steel private at RM2.00.

Posted by richcares > 2014-02-19 13:32 | Report Abuse

Southern steel under hl group too?

Posted by tjhldg > 2014-02-20 01:20 | Report Abuse

kikikiiii , not easy to play with quek counter one ...

Posted by 1Bull > 2014-02-20 09:24 | Report Abuse

coming back

Posted by tjhldg > 2014-02-21 01:36 | Report Abuse

kikiki

Posted by tjhldg > 2014-02-22 01:41 | Report Abuse

kikikii

Posted by Hafiz_444 > 2014-02-23 09:54 | Report Abuse

any news?

Posted by tjhldg > 2014-02-24 01:46 | Report Abuse

just kikiki

Posted by tjhldg > 2014-02-27 01:56 | Report Abuse

: )

Posted by Otto > 2014-02-27 14:12 | Report Abuse

Why was the volume for Narra is so little?

Posted by tjhldg > 2014-02-28 02:19 | Report Abuse

because share price running from 0.30 ++ till now ... most of the retailer sold kaw d ...

Posted by tjhldg > 2014-03-03 01:13 | Report Abuse

1.80 ... 1.80 ... 1.80

Posted by tjhldg > 2014-03-04 01:56 | Report Abuse

kikikikiii

Posted by tjhldg > 2014-03-05 01:52 | Report Abuse

ah quek ah quek u nak mikin apa ni

Posted by fcchenpg > 2014-03-05 11:17 | Report Abuse

hey guys, anybody knows what is resistant and support price

Posted by Fibo EX > 2014-03-05 13:29 | Report Abuse

institution accumulating slowly

Posted by tjhldg > 2014-03-06 15:28 | Report Abuse

huat aar ... huat aar ... narra pun mari liau .... go go go .. 1.80 1.80 1.80 break kaw hari ni

Posted by heng88 > 2014-03-06 16:56 | Report Abuse

is it good for long term ...or for short term trader?

Posted by tjhldg > 2014-03-07 02:21 | Report Abuse

huat aar ,,, tomorrow bbq 30 %

Posted by tjhldg > 2014-03-08 01:33 | Report Abuse

huhuhuhuhu .... offload 10 % only

Posted by AhHuatKopi > 2014-03-09 16:42 | Report Abuse

: )

Posted by tjhldg > 2014-03-10 00:43 | Report Abuse

aeh aeh aeh ... ah huat kopi pun ada ni ,,,, cheers ... huat aar

Posted by tjhldg > 2014-03-11 01:49 | Report Abuse

not bad

Posted by DickyMe > 2014-03-11 11:03 | Report Abuse

Time to dispose!

Posted by Ragha168 > 2014-03-11 18:40 | Report Abuse

What is TP, bro tjhldg ?

Posted by tjhldg > 2014-03-12 01:39 | Report Abuse

hi ragha ... this 1 hard to predict ... me 2 days 1.79/1.80 off load 25 % d ... rasa can go higher ... but now 1.80 resistant quite strong ... retailer holding few % only ... up to quek and big boy main .........

Posted by tjhldg > 2014-03-13 02:13 | Report Abuse

tomorrow gap up ?

Posted by Steven Yong > 2014-03-13 07:53 | Report Abuse

rm2 at least

Posted by DickyMe2 > 2014-03-13 15:44 | Report Abuse

RM1.25

Posted by thor88 > 2014-03-13 21:31 | Report Abuse

Regret not sell on 1.8 on earlier morning

Posted by tjhldg > 2014-03-14 01:17 | Report Abuse

i ada leh .. sell sikit at 1.80 and 1.81 , kira 5 % sell lagi la .. dia suka ni macam ma 3 kali liau

Posted by DickyMe3 > 2014-03-14 10:44 | Report Abuse

Waiting for RM 1.45 or lower :-D