GUH BHD GUH at 64 Sen with NTA of Rm1.87 is selling at a Huge 66% Discount which is twice the margin of safety required by Ben Graham
Now with US & China in trade war GUH printed circuit boards should do well as it supplies to KOrean & Japanese Businesses like National Panasonic.
The removal of GST should also augur well for sales of Goods like Washing Machine, Aircond & Refrigerations which use PCB (printed circuit boards)
But the Main Catalysts will be GUH’s 3 Very Prime Plots of Lands in Kedah (one) and Penang Mainland (two)
The Big Guns of new PH Govt are in the New Northern Golden Triangle of
LANGKAWI (Tun Dr Mahathir is MP)
KEDAH (Datuk Mukhriz is MP)
PENANG (Both Finance Minister Lim Guan Eng (former Chief Minister of Penang) & Anwar Ibrahim from Permatang Pauh)
SO THE WIND OF DEVELOPMENTS WILL NOW BLOW HERE. So fortunate is GUH as it will be launching New Housing Projects here early next year.
Another New Growth Factor is the NEW IKEA IN BATU KAWAN….to be folowed by a New Water Theme Park.
So GUH is expected to see a Turn of Fortune.
A check with GUH Accounts showed it is in a Net Cash Position
Its Properties already undervalue will Be Revalued again every 5 years. And that is very near. It should be revalued by December 2018 (as they were last revalued in December 2013, 5 years ago)
NO WONDER SAVVY VALUE INVESTORS LIKE
YEOMAN of SINGAPORE has Increased its shareholdings (Pls refer to Annual Report of GUH 2017)
Coming in at no. 5 DB (Malaysia) Nominee (Asing) Sdn Bhd Deutsche Bank AG Singapore for YEOMAN 3-Rights Value Asia Fund (PTSL)…….. 8,500,000 shares at 3.10%
This is an improvement of Yeoman’s stake from Year 2016
5. DB (Malaysia) Nominee (Asing) Sdn. Bhd. Deutsche Bank AG Singapore For Yeoman 3-Rights Value Asia Fund (PTSL) 7,000,000….. 2.65%
In year 2016 Yeoman has 7 millions GUH shares and it increased its shareholdings to 8.5 millions or up another 1.5 million shares
THIS IS THE CORRECT APPROACH
As price gets cheaper Value can only get better.
So a Great Bargain now!
2) HEXZA
Another Cash Rich Company with Good Dividend. And its business is defensive. Only set back was the default of Bad debt from rental payment in Myanmar.
This is a One-off and won’t happen again. Since price already adjusted downward its downside will be very limited while its dividend yield by percentage improved.
Another BIG BOOSTER is HEXZA supplies resin for Plywood Manufacturers. With the Banning of Logs Export in Sabah & cessation of further logging license in Sarawak Plywood Companies are expected to ramp up productions both in Sabah & Sarawak. This will boost usage of Resin from Hexza.
3) CSCSTEEL
CSCSTEEL is another Cash Rich Company with good dividends
Primarily in Cold Roil Steel production.
It supplies steel sheets to Proton, Perodua & other Car Manufacturing Companies to make Bonnets, Roofs, Doors & Other Flat steel products.
With GST removed the demand for TV panel, Bed Metal Frame (Furniture), Fridge & Fridge Door, Washing machine, Electric Oven will improve. All these are made from Flat Steel Products from CSCSTEEL.
And even more Catalyst will come when Geely starts production in Tanjung Malim PLUS the Possible Setting Up of a 3rd National Car as proposede by Tun Dr Mahathir
So these are the ones
GUH for its superb landbanks & factories in Penang new Boom Zone HEXZA for its upcoming good Resin sales CSCSTEEL for the overall improvement of Consumer sentiments Please buy/sell after doing you own due diligence
CSCSTEEL is another Cash Rich Company with good dividends
Primarily in Cold Roil Steel production.
It supplies steel sheets to Proton, Perodua & other Car Manufacturing Companies to make Bonnets, Roofs, Doors & Other Flat steel products.
With GST removed the demand for TV panel, Bed Metal Frame (Furniture), Fridge & Fridge Door, Washing machine, Electric Oven will improve. All these are made from Flat Steel Products from CSCSTEEL.
And even more Catalyst will come when Geely starts production in Tanjung Malim PLUS the Possible Setting Up of a 3rd National Car as proposede by Tun Dr Mahathir
My friend the Awning Boss said that Astino bought flat steel from CSCSteel to manufacture Roofing materials 12/08/2018 20:19 12/08/2018 20:19
1) PURE CASH SURPLUS COM 2) CONSISTENT GOOD DIVIDENDS 3) DR M PENCHANT FOR CARS AND MORE CARS GOOD FOR COLD ROIL STEEL 4) US CHINA TRADE WAR BENEFITS MALAYSIA AUTOMOTIVE
Doing some basic fundamentals checking and drawing my very own assumptions and personal conclusions based on CSSteel's financials :-
MANY POSITIVE CATALYSTS INCLUDING :
CASH RICH COMPANY WITH ZERO DEBT/GEARING
CONSISTENT HIGH DIVIDENDS (7 SEN TO 14 SEN YEARLY) / HIGH DIVIDEND STOCK (NOW ONE OF THE HIGHEST DIVIDEND YIELD STOCK) 2017 STARTED TO PAY INTERIM DIVIDENDS (IN RESPONSE TO SUGGESTIONS BY MINORITY SHAREHOLDERS) POSSIBLE FOR AN INTERIM DIVIDEND TO BE DECLARED WHEN IT RELEASE ITS 3Q RESULTS (FOR FY2018) NEXT WEEK
COURT APPROVAL OBTAINED FOR THE CAPITAL REPAYMENT OF RM139M BY ITS WHOLLY OWNED SUBSIDIARY(DORMANT) TO HOLDING CO. (CS STEEL) WITH THE ABOVE CASH INFUSION RM139M, CS STEEL’S CASH HOLDING WILL BE OVERFLOWING WITH CASH (present cash holdings 194m + 139m = total cash hoard RM333M) WE COULD LIKELY GET A CAPITAL REPAYMENT OR A SPECIAL DIVIDEND IN ADDITION TO AN INTERIM D
LARGE RETAINED EARNINGS OF RM399M
CS STEEL IS THE DOMINANT PURE FLAT STEEL MANUFACTURER AND ITS PRODUCTS ARE USED BY MANUFACTURERS OF MOTOR VEHICLES, FRIDGES, WASHING MACHINES, AND ALL CONSUMER PRODUCTS . AS OUR AUTO PRODUCTION HAD INCREASED DURING THE PAST FEW MONTHS RIDING ON BIGGER DEMAND FOR MOTOR VEHICLES (SPURRED ON BY THE 3 MONTH GST CANCELLATION) AND THE RAMPING UP PRODUCTION BY GEELY-PROTON AND WITH MORE INVESTMENTS POURING INTO OUR AUTO SECTOR, PROSPECTS ARE BRIGHT FOR FLAT STEEL PRODUCERS LIKE CS STEEL
Proton invests RM1.2b to expand Tanjung Malim planterak estment Corridor Development chairman by ZUNNUR AL SHAFIQ By Lizam Ridzuan - October 10, 2018 @ 10:36pm TANJUNG MALIM, Perak: National automaker Proton Holdings Bhd is investing a further RM1.2 billion here for the expansion of its existing plant to produce new car models. Proton chairman Datuk Seri Syed Faisal Albar said the expansion is in line with the strategic partnership between Proton and Chinese multinational automotive manufacturing company Geely sealed in 2017. He said Proton has committed to increase sales and export of cars and this factory in Tanjung Malim will also be the global production hub for Geely's right-hand drive models
(JUST SHARING)
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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....
Is HY Dead?
562 posts
Posted by Is HY Dead? > 2018-05-05 17:06 | Report Abuse
CSC is a C1BAI STEEL COMPANY
C1BAI PRICE KEEP DROPPING, C1BAI COMPANY NOT PERFORMING WELL IN FUNDAMENTALS.