Posted by GenghisHoe > 2014-02-03 19:31 | Report Abuse

hmmm how come the company management wanna raise debts to pay out the special dividend? Please kindly share your insight.

Posted by Patrick Ngian > 2014-02-03 20:21 | Report Abuse

Too much cash without being utilized in a company is not good for investor. So to increase leverage and pay out cash dividend is way to use the company source of fund efficiently . Just like ppl will borrow housing loan to fund their property. ROE will be increased significantly when net profit increase . If profit drop to negative then ROE will be dropped significantly as well. It's a double edge sword. Normally interest cost will increase due to the leverage.

Posted by GenghisHoe > 2014-02-03 21:32 | Report Abuse

Thank you, Patrick.

But still wondering why don't just pay out the available cash rather than raising a huge short-term debt to pay dividend?

Posted by rlch > 2014-02-03 21:44 | Report Abuse

GenghisHoe you mean special dividend in 2012? Maybe major shareholder Tiong Hiew King need the money that time as his other stocks like Jaya Tiasa & RSawit not doing well to give good dividend. Recently he even sold RSawit to raise fund. Will there another special dividend for MediaC in 2014?

Posted by GenghisHoe > 2014-02-03 21:49 | Report Abuse

Hi rlch, yeap. Alright. It's unlikely that the company will pay another special dividend again. XD

Posted by Patrick Ngian > 2014-02-04 12:14 | Report Abuse

Again if they only pay dividend without borrowing, then ROE=ROA meaning no leverage, just like asking why some people buy property with cash some buy through borrowing. If u r investor looking for higher return & can accept the risk you would seek to buy a company with high ROE .

Posted by Patrick Ngian > 2014-02-04 12:17 | Report Abuse

Of course some very good companies can achieve high ROE with no borrowing. As their ROA is very high. But for these newspaper companies generally has low ROA.

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

Rumors said that they borrow to paid special dividend in order to maintain the share price,since most of the company will deposit their company share at the bank to get loan.

Posted by Patrick Ngian > 2014-02-04 16:32 | Report Abuse

em... maybe.. as i know the Rm500 M loan they got from Maybank was unsecured loan. which mean no collateral. And they MTN bond they are issuing now is unsecured too.

Posted by Hustle > 2014-02-04 16:37 | Report Abuse

No wonder Tiong buy so much at 0.93,may be he want to absorb all the special dividend :)

Posted by GenghisHoe > 2014-02-04 23:05 | Report Abuse

Good info from Patrick -- unsecured loan -- I will take note to improve my analytical mind. Thanks!

Posted by teklim50 > 2014-02-15 22:18 | Report Abuse

The launching of digital media by Mediac on 14/2/2014, is the pioneer movement of Chinese newspaper of M'sia/Asean countries.

Posted by rlch > 2014-02-15 22:28 | Report Abuse

Why many Chinese educated forumers in i3 not interested in this stock?
Is it they no longer read Nanyang Siang Pau or Sin Chew in print? Or don't know what MediaC stock is about?

Posted by rlch > 2014-02-16 11:16 | Report Abuse

TTM PE 9.46, DY 5.81%, ROE 25.05%, all point to good numbers plus YOY increase revenue.
http://klse.i3investor.com/servlets/stk/fin/5090.jsp

Posted by rlch > 2014-02-16 20:57 | Report Abuse

If fair PE for MediaC is 15 like O&G company fair value for MediaC is RM1.50 or if PE 20 like Datasonic fair value for MediaC is RM2. MediaC is around for so long unlike Datasonic a company I feel blur blur. Despite the availabilty of free online paper, hardcopy of newspaper is still read by many especially older people.

Posted by Patrick Ngian > 2014-02-17 17:34 | Report Abuse

I think so too. But this is stock market, price is driven by supply and demand. Only those who have patient will be rewarded at the end.

Posted by teklim50 > 2014-02-17 21:51 | Report Abuse

Ref. the launching of digital media by Mediac on 14/02/2014 ,the pioneer step taken by the company undeniable is a great challenge to the company, but if we think in optimistic future....the covering area spread to world wide Chinese community, more than 1.4 billion Chinese population in China, just think of today's Google...Yahoo...Facebook...You Tube ..may be I'm day dreaming.....The early bird catches the worms.

Posted by Lew Chin Hoong > 2014-02-18 21:27 | Report Abuse

teklim, any link please?

Posted by teklim50 > 2014-02-18 22:44 | Report Abuse

Last year I discovered a web page www.newchinesenet.com which is the combination of Mediac and Chinese government press media www.xinhuanet.com,this silver lining telling me that's not a difficult barrier if Mediac wants to enter the country with the population of 1.4 billion Chinese peoples as the connection/relation already existing there.

Posted by rlch > 2014-02-19 07:34 | Report Abuse

MediaC is not a newspaper name unlike Star. Perhaps should change name to Sin Chew or Nanyang to gain attention.

Posted by Patrick Ngian > 2014-02-19 15:13 | Report Abuse

I think for them to enter into the press market of chinese is still uncertain. I don't know what's the management intention to change chief editor of Ming Pao. If Ming Pao can be Pro- Bei Jing. Then maybe there is a change for them to do media biz there. However it will cost them to lose ming pao readerships too. From biz point of view, I would rather they pro china.

Posted by cheeseburger > 2014-02-24 21:46 | Report Abuse

this stock need viagra...

Posted by wploun > 2014-02-25 11:06 | Report Abuse

Will move upward very soon ? Tp 0.95

Posted by wploun > 2014-02-25 11:58 | Report Abuse

Up already, eat vigra

Posted by accheah > 2014-02-25 14:49 | Report Abuse

Any news about special dividend ?

Posted by Gusen > 2014-02-28 10:51 | Report Abuse

so big sell Q @ 0.9...wait first.

Posted by Gusen > 2014-02-28 11:43 | Report Abuse

brought @ 0.88

Posted by Lew Chin Hoong > 2014-02-28 15:57 | Report Abuse

Tp 0.95??? not 1.06?

Posted by Patrick Ngian > 2014-02-28 16:05 | Report Abuse

wah Gusen u very good at catching good price :)

Posted by Gusen > 2014-02-28 16:10 | Report Abuse

bro, i take risk u know...:)

Posted by Patrick Ngian > 2014-02-28 16:13 | Report Abuse

Hang on there mediac shareholder. After they issue the MTN bond on this February ,the interest expense should be dropping next quarter. Lower interest rate cost due to tax benefit and issued at AA1 bond.

Posted by Gusen > 2014-02-28 16:55 | Report Abuse

what a green hammer draw by artist. I bet Monday up

Posted by wploun > 2014-03-01 21:35 | Report Abuse

http://klse.i3investor.com/blogs/amresearch/47491.jsp. Monday up..up..uppp

Posted by rlch > 2014-03-01 22:53 | Report Abuse

Many forumers here read Sin Chew and Nanyang newspapers(only don't know is it online or hard copy) as can be seen from their postings here but none are interested in this counter.

Posted by Hustle > 2014-03-03 17:12 | Report Abuse

This one interesting http://www.chinapress.com.my/node/503364

Posted by teklim50 > 2014-03-03 23:08 | Report Abuse

On 2007,Ming Pao Daily News ( Hong Kong ),Sin Chew Daily ( M'sia ) and Nanyang Siang Pau combined to become Mediac today. Generally Mediac is the only Chinese press media listing in KLSE.

Posted by AmigoJJ > 2014-03-04 14:53 | Report Abuse

Go Go Go !!!

Posted by Hustle > 2014-03-06 11:34 | Report Abuse

This is too much,used our M'sia investors money RM450,000 to rewards for the arrest of the Ming Pao ex-editor attacker, duration of the rewards will be effective for 10 years. Our M'sia investors really looks like soh hai by the Hongkee.

http://www.chinapress.com.my/node/504219

Posted by wploun > 2014-03-06 12:17 | Report Abuse

This company 3 year dividend increase, mean company earn money. Dividend (2013) = 46,15cent, Dividend (2012)= 8.33cent, Dividend (2011) = 6cent. Can hold for longterm ????

Posted by Hustle > 2014-03-06 13:24 | Report Abuse

wploun seems like you forget to type -40sen at the 2013 dividend :)

Base on the China Press daily reporting, seems like the ex HK editor already conduct some conflict with the HK thugs, hope that it won't affect their oversea business.

Posted by Patrick Ngian > 2014-03-06 14:43 | Report Abuse

that's why he has been replaced..i don't believe there is no true freedom to speech now in hong kong... at least china won't allow them to say or disclose anything they want..

Posted by vaentec > 2014-03-07 16:21 | Report Abuse

Balance sheet looks ugly. Everything else is fine.

Posted by vaentec > 2014-03-08 15:29 | Report Abuse

I think..many people has been fooled by the dividend paid out of 41 cents. Dividend paid out was borrowed from others. There should be no increase in the intrinsic value of the stock but as decrease of 41 cents. Plus the long term effect of the high debt will doom this company. An increase of interest will see this company fall and it is very likely there will be interest rates hike by2017. IIt's a good business model but the financial position is just too risky an investment.

Posted by rlch > 2014-03-08 15:58 | Report Abuse

Latest quarterly report has shown net gearing reduce from 33% to current 21% so expect reduction in interest expense going forward. Those buying now is not a fool as downside risk is limited as it is supported by attractive dividend yield above 5%.

Posted by Patrick Ngian > 2014-03-08 16:03 | Report Abuse

Interest rate increase will be good for the company. But not good for the bond holder as price of bond will drop. And they already issued Aa1 bond to pay back their short term borrowing. It will reflect on the next financial report.

Posted by vaentec > 2014-03-08 16:13 | Report Abuse

Frankly, i am eyeing on this company as it has some kind of monopoly on Chinese media in malaysia,however, my criteria for a stock is for it to have very low debt. Would love to own this company but for now, i need to see improvement on the financial position before i am comfortable to invest heavily. Good luck.

Posted by Investeye > 2014-03-11 15:04 | Report Abuse

This is one of the counter under my radar, these are few positive factors: few by election and incident put up the sell; and venture into epaper. Negative: wages up, Malaysia currency (paper/ink cost) and transportation.

Posted by Investeye > 2014-03-19 10:20 | Report Abuse

Bought few lots for "water testing" at RM0.895 few days ago Likes it half yearly dividend & special bonus ( for past 2 years). The return should more than 6% so far. With this price, it is quite attactive buy!

Posted by Investeye > 2014-03-19 10:25 | Report Abuse

Kenanga is rated below (latest infor) : Media - No Surprises ; UNDERWEIGHT call on the media sector
We reiterated our MARKET PERFORM call on ASTRO (TP: RM3.10) and Media Chinese Intl’ (MEDIAC, TP: RM0.94)

Posted by Lew Chin Hoong > 2014-03-20 21:23 | Report Abuse

Recently alot big news (mas, war, kajang election), should help to boost the hit for online china press, sinchew and nanyang.