Posted by Jessie Teoh > 2012-03-07 22:00 | Report Abuse

Anyone monitor this counter?

Posted by tptan45 > 2012-03-07 22:07 | Report Abuse

Good figures....if you trust the accounting.

Posted by Jessie Teoh > 2012-03-08 10:14 | Report Abuse

do u have any information on this counter?

Posted by Darren Kho > 2012-03-08 12:13 | Report Abuse

I just went in @0.405

Posted by Ad Edward > 2012-03-08 12:42 | Report Abuse

well done...

Posted by changooi > 2012-05-23 17:27 | Report Abuse

good luck.. keeping watch

Posted by tan gk > 2012-05-31 14:50 | Report Abuse

up!up!soon.

Posted by kcfan > 2012-06-11 22:17 | Report Abuse

Net profit year by year improved
Raise funds listed China shipped holding has in the prospectus that the money raised from eligible, will also be looking for a suitable acquisition, investment and joint venture opportunities.
According to the 2011 annual report data show that China shipped holding's turnover for the past five years showed strong growth in 2007 from 300 million to 700 million yuan, 300 million to 85 million yuan, 400 million to 74 million yuan, 600 million to 13 million yuan in 2011 of the 800 million to 62 million yuan.
The net profit is also the same increase year by year, from 76 million yuan in 2007 to 92 million yuan, 100 million to 14 million yuan, 100 million to 39 million yuan and 2011, 100 million to 61 million yuan.
From 2007 to 2011, its turnover and net profit compound annual growth rate (CAGR), the respective 29.5% and 20.7%.
In the first quarter of 2012, China shipped holding the turnover year-on-year growth of nearly 32 percent, reaching 100 million to 94.96 million yuan (94.55 million euros), compared to 100 million to 47.98 million yuan (71.77 million euros).
On the net profit, from 24.58 million yuan (11.92 million euros), up 39 percent to 34.29 million yuan (16.63 million euros) earned rate improved from 16.6% to 17.6%.
From past performance, the performance in the first quarter is generally weak than the other quarter, for Looking ahead, the group remain optimistic for the immediately preceding three quarters.

Posted by jameslim88 > 2012-07-06 22:00 | Report Abuse

Wat happen to this counter

Posted by bvc100x > 2012-08-15 17:27 | Report Abuse

I think this counter is undervalue and everybody know it. The problem is no body believe this counter will goreng or believe the report is too good to be true. China company = risk = emerging market. Maybe they think the risk is too high.

Posted by jpleow > 2012-08-15 18:10 | Report Abuse

Net dividends for FY10 & FY11 were 2.5 sen & 3.11 sen respectively, that translates to net dividend yield of 6.7% & 8.3% at today closing price of 0.375. PER (FY12) = 2.1x.

A company which gave out cash dividend is less likely to have accounting fraud since they need hard cash to back it up. Those who did accounting trick are likely to give out bonus or shares dividends since nothing is really given out!

As long as its earning is growing at double digits rate as it did in the last few years, they are likely to increase the cash dividend in the future. A long-term investor should hold MSports for its dividends & potential capital gain once the market recognize its value!

Posted by jpleow > 2012-08-16 08:45 | Report Abuse

Oops, I mean PER(FY11)=2.1x (not FY12)

Posted by James Lim > 2012-08-20 16:15 | Report Abuse

Hope the 2nd quarter result is within expectation . China GDP from from 9% to 7.1 %. Will this effect the business of m sports

Posted by bvc100x > 2012-08-23 00:44 | Report Abuse

In contrast, the risk of oversea stocks (china) is way higher than domestic stocks. This stocks is very hard (still possible) getting recognize its value by domestic institutions and investors. Reason? 肥水不流外人田!

Posted by James Lim > 2012-08-23 18:32 | Report Abuse

Can I offer .50 per share to buy over the company?

Posted by jpleow > 2012-08-23 18:50 | Report Abuse

Smart move :). From my calculation, it has RM0.44 net cash/share in Mar12 results, if you can buy at RM0.50 then you actually spend only RM0.06/share to buy it :).

Posted by ledzepp > 2012-08-23 19:54 | Report Abuse

If you're buying over the company , I'll join as well, after all I already own some shares. I can afford, no problem 0.06

Posted by James Lim > 2012-08-23 20:07 | Report Abuse

Stupid md , keep so much cash for what? Borrow from bank la, then capital repayment to shareholder, everybody happy. Or use share back back la, so rich then don know invest.

Posted by ros8911 > 2012-09-04 07:10 | Report Abuse

Noted.

Posted by samsam > 2012-09-04 20:44 | Report Abuse

if buy every penny that have now and can wait for another 2 years, i'm sure will come out as a winner. This stock 1 year flat no movement hovering around few cents.

Posted by Fat Cat Tim Buddy > 2012-10-04 04:47 | Report Abuse

im not sifu, but i would advise observe for few more quarter first, if the dividend payout is constant, revenue and profit up, then only put money in.

If the company is for real and pay dividend, even the PE ratio x3 to the current PE, it is still considered dirt cheap.

Posted by jpleow > 2012-10-04 09:59 | Report Abuse

I agree with Fat Cat.

I think the reason why the price drop is due to worst than expected earnings in 2QFY12(Jun12). It still profitable but PAT drop 28.8% year-on-year & drop 3.2% quarter-on-quarter. Also due to worry of China hard landing. However, EPS(2Q12) is 3.11 sen & annualized to 12.44 sen & PER=2.4x(at RM0.30). Net cash is now RM0.49.

According to OSK Research: “The dip in 2Q revenue was mainly due to lower orders due to more rigorous client screening by the company in order to prevent bad debts. We expect the group’s revenue to normalize around 4Q and the full year performance to be generally slower compared with last year.”

This shows that the management is prudent & conservative & preparing for the worst case scenario (China hard landing). Hence, even if the worst do happen in the future, it will not suffer that much! If the revenue can normalize around 4Q as expected by OSK then there’s still hope. Revenue downturn could be temporary.

In the past 2 years, the company recommended dividend when they announced the 1Q results in end May. So watch it carefully, if they give >= 3.11 sen dividend then the dividend yield is still very good!

Posted by Packardbell1980 > 2012-10-19 21:45 | Report Abuse

New investor acquiring these counter... they currently holding 5% of MSport. Any Sifu to advise on this matter? Whether good or bad??

Posted by jpleow > 2012-10-20 17:18 | Report Abuse

I’m no sifu, just share my analysis on this stock.

From the announcement, the new substantial shareholder is CIM Dividend Income Fund Limited, British Virgin Islands. It is a foreign fund. Its last bought was 1,150 lots on 11/10/12 where market prices was $0.295-0.30. (unlike directors, substantial shareholders don’t have to report their transaction prices & we can only guess them from the market prices). It must be accumulating recently until it has >5% shares & become a substantial shareholder. However, we can’t guess its earlier buying prices since it doesn’t have to report those transactions before it becomes a substantial shareholder.

Since its name suggests that it is an Income Fund, it must be aiming for the dividends. This is logical since if MSports gives same dividends as last FY (3.11 sen net), the net dividend yield would be 10.4% (at $0.30). In addition, it has RM0.49 net cash as at Jun12. Funds usually has professionals to do research & analysis for them, if they have confidence with MSports, most likely MSports is worth buying.

However, there are still risks like whether MSports’ earning growth will resume to previous double digit rate, whether China economy will slowdown or even hard landing. Dividend is not guaranteed & it depends on the earnings of the company, if the company earnings weaken, it may not give good dividends.

We may need to watch closely whether this foreign fund continue to buy in the future. If so, then they have very high confidence & may worth following especially if the price drop below its buying prices.

Posted by Packardbell1980 > 2012-10-22 09:28 | Report Abuse

Thanks for the info , jpleow...
Need to look on the Q3 financial result which will announce in November. To see any further weaken earning for MSport before buying in...
Hope CIM Dividend Income Fund will buying further into MSport counter... As i saw last time, CIM Dividend Income Fund got purchase in NV Multi Corp Bhd share which been privitised in 2010.

Posted by jameslim88 > 2012-10-23 20:51 | Report Abuse

going to increased my stock level from .5% to 1 %

Posted by jpleow > 2012-10-24 12:14 | Report Abuse

Summary of foreign fund transactions in MSports:
{in brackets are announcement date, total & % shareholding, market low-high prices & total # lots. L=lot.}

(23/10/12) CIM Dividend Income Fund Limited: (26.9M shares, 5.2%)
Buy, 22/10/12, 317 L, ($0.32-0.325, 1118 L)
----------------------------------
(22/10/12) CIM Dividend Income Fund Limited: (26.9M shares, 5.19%)
Buy, 19/10/12, 975 L, ($0.315-0.33, 2675 L)
Buy, 18/10/12, 1900 L, ($0.31-0.325, 5568 L)
Buy, 17/10/12, 2186 L, ($0.30-0.31, 3377 L)
Buy, 16/10/12, 1500 L, ($0.30-0.305, 3960 L)
Buy, 15/10/12, 969 L, ($0.29-0.30, 4800 L)
Buy, 12/10/12, 2045 L, ($0.295-0.30, 7275 L)

This fund is buying quite aggressively recently, they must have a lot of confidence in MSports! Probably they have done a company/plant visit & interviewed the management & their analysis on the industry outlook & China economy is positive.

Posted by packardbell1980 > 2012-10-24 19:27 | Report Abuse

Look like Msport justify as dividend play counter under the portfolio of CIM Dividend Income Fund Limited... It should provide support for the share price & credibility for this China based counter listed in Bursamalaysia... As we know many ppl fear to invest in china based counter due to accounting fraud... Isn't this the sign to buying in this counter??

Posted by jpleow > 2012-10-25 08:47 | Report Abuse

Limited downside due to buying support of foreign fund, high dividend yield, potential capital gain, recent signs of China economy stabilizing, … hmm, sound like good time to bargain hunt / bottom fishing for long term investors! :)

Some recent news on China economy:
http://finance.fortune.cnn.com/2012/10/23/china-growth/

http://biz.thestar.com.my/services/printerfriendly.asp?file=/2012/10/18/business/20121018114846.asp&sec=business

Posted by jpleow > 2012-10-25 12:13 | Report Abuse

Today news in StarBiz titled 'China industrial output may be faster in fourth quarter vs third':
http://biz.thestar.com.my/services/printerfriendly.asp?file=/2012/10/25/business/20121025110817.asp&sec=business

Posted by packardbell1980 > 2012-10-31 13:20 | Report Abuse

Hi jpleow , any idea on who are the seller around price 32-33sen??? Do you know if Msport founder acquire or dispose the share, do Msport need to announce in bursa on the changes in substantial shareholder ???

Posted by jpleow > 2012-10-31 15:17 | Report Abuse

No idea, it could be anyone. Anyway the volume are small, could be just some small fish cutting loss.

If MSports founders acquire or dispose shares, they will have to report to Bursa in both 'changes in substantial shareholder interest' & 'Changes in Director's Interest' since they are both directors & substantial shareholders.

Posted by jameslim88 > 2012-11-01 07:59 | Report Abuse

Klse new high but all the Chinese stock new low y , really don understand . Hai....

Posted by jameslim88 > 2012-11-01 08:01 | Report Abuse

NTA almost 80 cents , now share price only .32 yyyyyyyyyyy

Posted by jameslim88 > 2012-11-01 08:03 | Report Abuse

M Director please buy back own company please ......

Posted by charlie chia > 2012-11-01 08:04 | Report Abuse

Ok let buy n make profit

Posted by Packardbell1980 > 2012-11-04 14:23 | Report Abuse

Msport Quarter result will be announce in November.... If good result, sure the share price will have impact...

Posted by jameslim88 > 2012-11-05 21:22 | Report Abuse

how it able to good result if the pmi below 50...

Posted by jameslim88 > 2012-11-05 21:23 | Report Abuse

unless it is doing the fake account

Posted by jpleow > 2012-11-06 19:48 | Report Abuse

For Sep results, if improve quarter-on-quarter then it is a good sign - the worst may be over. For year-on-year, sure drop.

Posted by Packardbell1980 > 2012-11-06 21:00 | Report Abuse

We wait n see the result announcement ..... as Msport got 20% of the earnings payout as dividend by management... better result maybe higher dividend payout, lower result will get lesser dividend ...

Posted by James Lim > 2012-11-17 13:10 | Report Abuse

xinquan post a expectation frist quater report, msport should be follow

Posted by Packardbell1980 > 2012-11-23 19:09 | Report Abuse

Saw CIM dividend income fund start disposing Msport share 21 & 22 Nov... What is their intention of disposing it now? anybody to advise.. Or they want to push the share to lower price & buying it back at lower price ??

Posted by jpleow > 2012-11-23 20:01 | Report Abuse

It's really puzzling. Maybe they just sell some of those shares that they bought at around $0.29-0.30, takes some profit in view of uncertainty? Or maybe they just want to trade MSports?

However, the most important thing is still the upcoming quarterly results. If it improves at least QoQ then price should remain firm.

Posted by Packardbell1980 > 2012-11-25 20:45 | Report Abuse

Yes, agree with you , jpleow... the quarter result will be the impetus to the share price of Msport.... Should be announce by this week.... The company mgt. should do share buy back exercise to support the price of the company as it always keep dropping ..

Posted by choonhock > 2013-01-07 22:37 | Report Abuse

Will main share holder privatized it since the price is quite cheap now?

Posted by leelc70 > 2013-02-04 16:16 | Report Abuse

price keeping lower at 0.27 now, profit margin getting lower over year. Even in term of PER, price/NTA is seems good buy but lack of corporate new to spur the price. May as the acquired target since piling of cash now. They need more renovative idea to make their company more sexy in front of investor

Posted by jameslim88 > 2013-05-14 22:11 | Report Abuse

MSPORTS stand above 120 days line

Posted by leelc70 > 2013-05-22 15:08 | Report Abuse

waiting news of its dividend declare. If above 3.11 cent as last year. its yield will be around 10%.

Posted by Jeff Lim > 2013-05-22 23:06 | Report Abuse

Don't wait for div. When price sudden shot just take profit n put the money in other more potential counters