Hellooo, can anybody tell.me what is happening to this look like DEAD COUNTER. NO LIFE IN IT. Anyne knows anything please comment. Nothing happening this counter...
Mohd Danni, you are here too, giving your negative comments with "gap down" here. Other places you call the stock "RIP".. What's your reasons for such comments ..
2Q19 result marks the 5th consecutive quarterly losses by Hume Industries. And things are not expected to be any better in the near to mid-term given the depressing cement price (of around RM186/tonne) which was affected by the softer demand from the construction and property sectors but also due to the oversupply of cement in the Peninsular market. Most cement companies had decided to expend their capacity earlier to take advantages of the potential high demands from mainly the big government projects (MRT, LRT, ECRL, HSR etc). But all these demands evaporated when the new government had decided to cancel, hold off or scale down most of these projects.
Investors need to be prepared for the company to continue posting losses for the rest of FY19. Any turnaround will depend on the improvement of the cement price which will only happen if the government decides to refocus back on infrastructure spending. This is not expected to be in the near future.
If you are looking to diversify your portfolio outside of Hume Industries (due to perceived future negative earnings in the near to mid-term), I would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.
FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.
Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.
Hey, JayneTan, you know who owns Hume. It's the smart Quek Lang Chan..he is owner of HL,Bank, HLIB, HL industries. Trust him or else don't invest in Queks listed companies. Hey, Jane, are you collecting more, to ask us to sell. What are your intentions. Hehe.. Do more research before you comment lar...hehe...Kikiki..
Ooi yar..tak dak olang cakap cakap ini launder kah...Semua olang sudah prego mana. This counter gonna fly to the moon, believe me...Mr Quek will see to it..mr$1.50 and above ,very soon..very very soon..
Why, Jane...Why you think Hume is good investment? Would like to hear your viewpoints....Please hurry , I am small in an bilis, want to buy a bit more. So I make a bit more in the days to come..Thank you..
me simple. no charts no talking about fundamental at this moment for this counter. I believe the rculs proposed to be subscribed by hong leong group.secondly if ecrl to revive, then I am safe as I not greedy
When quite nobody talk. When down starts cursing. When up talk the other way. This is human. You see MFLOUR n aturmaju(my star),read those talked like insiders, talked liked experts.
Yar agree with you, Jayne. Down all curse. Up, they all gila . Haha..When price Up , all the so called experts come back and talk as though they know everything ...
You are right Jayne, I.just went to mflour, and read all the experts and pandai punya people talking 3, talking 4 and how clever they are. Haha. Many got bitten in mflour, bought at around mr2. Haha..thing is nobody know about markets behaviour
I bougth both mflour n its LA since listing , in and out ,converting its LA to its mother . I m not expert even I im in this line for twp decades, I also lost some the previous many years ago. this forum ,if supplies with market information on stocks ,good reasoning to trade at own risk, not matter what stocks, then it is helpful to those who are willing to learn from others. otherwise, some comments , as I see, besides incorrect but l laugh when I read, how come I never know and become an idiot for so many years.,
Ooh, ok, Jayne, you ajar saya lar. As far as I know is the rights you don't want to take up also can. That means can sell the rights when it traded for a few days. It's renounceable rights. I think to take up the rights is to pay mr1 per right. Or if don't want to take up, SELL it off during rights trading Correct me, if I am wrong .. Thank you. But no date set yet for trading of rights..
Here. I take humeind rights of rcul for you to study n Understand what is 1. Rights 2. Rcul 3. Nominal value 4. Interest or zero coupon 5. Conversion ratio 6. Undertaking 7. Minimun n maximum subscription 5. Underwriter 6. Renounceble
Above are all therms or defination that used to appear in any corporate proposal. Need to Understand, may be with the help of your remisier (some might not Understand, Sorry to say ).
Trading of shares might be whole life, with hard earn money. To study is better than those arguing or commenting uneducationally, cheer or curse like wathing games, no help. Best regard
You are right, Jayne. By the way , can buy mflour at today's prices. Mflour every few years always ask for money by rights issue. If management no good, they don't know how to manage company funds. That's why I no like mflour. Board always have high directors fees. So if you think can buy mflour, please kindly let me know why? Also what about layhong? Lagging very low already!
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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....
TakeProfits
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Posted by TakeProfits > 2017-12-18 23:28 | Report Abuse
Hellooo, can anybody tell.me what is happening to this look like DEAD COUNTER. NO LIFE IN IT. Anyne knows anything please comment. Nothing happening this counter...