Posted by stockraider > 2017-02-17 18:15 | Report Abuse

I think choobee...will surpass CSC next week loh.....!!
Choobee has great balance sheet, profits and cashflow whereas CSC only have good cashflow only loh....!!

Valuation Choobee much undervalue as compare to CSC loh....!!

Posted by chonghai > 2017-02-17 18:18 | Report Abuse

An Ah Pek keep on nagging CSCSTEEL management to do this do that so the management pissed off and report a surprisingly bad result to get rid of him.
Same goes to Gadang.
Same goes to Latitude.

Posted by Invest1188 > 2017-02-17 18:40 | Report Abuse

Same to flb, dunno why his recent recommendations cannot last long with gap down, really could not understand,

Posted by lkoky > 2017-02-17 18:56 | Report Abuse

strong performance in latest q. well done to all shareholder.

Posted by pingdan > 2017-02-17 19:06 | Report Abuse

pribability: im thinkin about possiblity, i know that cscsteel directly import their steel from their holding company. is it because of their steel imported effected by the implementation of import duty?

Posted by popo92 > 2017-02-17 19:35 | Report Abuse

Yes stockraider, choobee is very undervalue with its balance sheet... it already provide us a great margin of safety before we invest.. anyway, this investing style doesn't fit "dynamic investing"

Posted by stockraider > 2017-02-17 19:40 | Report Abuse

DYNAMIC INVESTMENT HAD FAILED AS REGARD TO CSC....ASKING PEOPLE TO CHASE AT HIGH RM 2.38 CSC LOH.....!!

Posted by MrPauper > 2017-02-17 19:49 | Report Abuse

I doubt if choo bee can rise a lot on monday coz nearly half of the profit is due to other income - realised gain on forex at note B12

Posted by MrPauper > 2017-02-17 19:50 | Report Abuse

Otherwise the eps will only be around 4 - 5 cents.. too early for celebration

Posted by moneySIFU > 2017-02-17 19:50 | Report Abuse

Congtrats to all, it is very good result indeed, well done, choo bee!

Posted by moneySIFU > 2017-02-17 19:51 | Report Abuse

Old man eyes should be like this now @_@

Posted by moneySIFU > 2017-02-17 19:52 | Report Abuse

He used to be like this ._.

Posted by probability > 2017-02-17 19:57 | Report Abuse

Pingdan...if you see their report below (CSCSTEL), they can't even raise their selling price (CRC) despite the huge rise in HRC - their raw materials as we all know from the graph of sunsirs.com...it had risen phenomenally...

This partly answers why those local CRC buyers who make their whatever end product out of it...still can afford to improve or maintain their marginx.....as always it is the end consumer who dictates and the profit margin has to rise first (becomes reasonable) from the downstream END PRODUCT PRODUCERS like Choo Bee (Steel Tubes), Prestar (Railings), Southern Steel (Rebars), etc...before it can trickle to midstream ( CSCSTEL , MYCRON) and the upstream manufacturers eventually.


CSCSTEL report current qtr vs preceeding:

The Group’s revenue has increased by 11.4% from RM257.6 million in the preceding quarter to RM286.9 million this quarter. The increase in revenue is due to significant increase in the sales volume albeit at marginally lower selling prices of all our steel products. The Group registered a significantly lower profit before tax of RM7.9 million this quarter compared with RM24.8 million achieved in the previous quarter due mainly to substantially higher cost of production due to higher raw materials cost exacerbated by rapidly weakening Ringgit vis-à-vis US Dollar during the quarter under review.


Posted by pingdan > Feb 17, 2017 07:06 PM | Report Abuse

pribability: im thinkin about possiblity, i know that cscsteel directly import their steel from their holding company. is it because of their steel imported effected by the implementation of import duty?

Posted by Yipman > 2017-02-17 20:09 | Report Abuse

Sound like csc should re strategise to get optional raw materials source which is not impact by forex usd.

Posted by probability > 2017-02-17 20:14 | Report Abuse

manufacturers like CSCSTEL has a plant capacity to fill-up...they can't afford to run idle....so they dont mind absorbing all the margin damage...unlike traders or the end clients who has inventory store to starve their hunger for a moment and dictate the price they want.

Posted by geary > 2017-02-17 20:19 | Report Abuse

Strong earnings growth to around 0.22 per share TTM. If there is no more erratic growth, the price will be uptrend!!! Strong fundamental of NCAV n NNWC of 2.60 n 1.80 respectively. Strong TTM Free Cash Flow of whopping above 1.00 per share. Fantastic Cash Cow at present!!! Will outperform!!! Good luck!!!

Posted by Yipman > 2017-02-17 20:41 | Report Abuse

Fully agreed with probability. i was previously from manufacturing sector also.

Posted by Invest1188 > 2017-02-17 21:57 | Report Abuse

I cannot sleep, results too good

Posted by leoting > 2017-02-17 22:19 | Report Abuse

5797 ChooBee http://leoting81.blogspot.my/2017/02/5797-choobee-2016.html

Posted by PlsGiveBonus > 2017-02-18 10:43 | Report Abuse

:D
Mind f*ck result

Posted by younginvestor92 > 2017-02-18 10:47 | Report Abuse

Koon Yew Yin really 'good business sense', so far chinwel,flbhd,gadang,cscsteel have not done well after his recommendations, can anyone tell me any of his recent recommendations done well?

Posted by stockraider > 2017-02-18 10:48 | Report Abuse

Kyy bodoh punya loh.....!!
Choobee such a fine company cannot see, some more bad mouthed loh...!!

No Investment Sense loh....!!

Posted by ooihk899 > 2017-02-18 10:57 | Report Abuse

Everyone is entitled to their opinion. No need to bad mouth ppl.

Posted by stockraider > 2017-02-18 11:01 | Report Abuse

We speak fact loh.....!!
Choobee such a fine company strong balance sheet with close to Rm 100m cash.....!!
Strong profits and growth.....!!
Nta more than Rm 4.00....sure got big margin of safety and very good what ?

Like that also KYY want to bad mouthed ??

Posted by ooihk899 > 2017-02-18 11:20 | Report Abuse

Sometimes old ppl are like that, we might behave like him when we are at his age, who knows!! Let's enloy the Choo Bee show this coming Monday. Anyway thanks again raider for your advice on magni few months ago.

Posted by YiStock > 2017-02-18 11:57 | Report Abuse

2016 full year:

cost of sales to revenue
Q4: 84.6%
Q3: 85.2%
Q2: 79.04%
Q1: 88.9%

2016 reported earning:
Q4: 7,482 (incld: net forex gain +2,673)
Q3: 4,428 (incld: net forex gain +42)
Q2: 9,953 (incld: net forex gain +588)
Q1: 2,852 (incld: net forex loss - 206

2016 Core earning (ex forex)
Q4: 4,809
Q3: 4,386
Q2: 9,365
Q1: 3,058

Note:
2016 achieve much better result compared 2015
Gross margin should have normalized after sudden spike in Q2

Posted by stockraider > 2017-02-18 12:26 | Report Abuse

The core earnings still give EPS exceed rm 0.20 loh.....!!

Posted by probability > 2017-02-18 12:29 | Report Abuse

yistock...you should note that CB is till operating below ~ 45% of their rated Manufacturing capacity. Considering this Potential growth coupled with the already compressed margin currently...means it is a superb investment now.

the only question is liquidity...can you acquire it at the qty & price u need.


Posted by YiStock > Feb 18, 2017 11:57 AM | Report Abuse

2016 full year:

cost of sales to revenue
Q4: 84.6%
Q3: 85.2%
Q2: 79.04%
Q1: 88.9%

2016 reported earning:
Q4: 7,482 (incld: net forex gain +2,673)
Q3: 4,428 (incld: net forex gain +42)
Q2: 9,953 (incld: net forex gain +588)
Q1: 2,852 (incld: net forex loss - 206

2016 Core earning (ex forex)
Q4: 4,809
Q3: 4,386
Q2: 9,365
Q1: 3,058

Note:
2016 achieve much better result compared 2015
Gross margin should have normalized after sudden spike in Q2

Posted by YiStock > 2017-02-18 12:31 | Report Abuse

Probability, you are absolutely right. Investment is about buy low sell high.

Posted by probability > Feb 18, 2017 12:29 PM | Report Abuse

yistock...you should note that CB is till operating below ~ 45% of their rated Manufacturing capacity. Considering this Potential growth coupled with the already compressed margin currently...means it is a superb investment now.

the only question is liquidity...can you acquire it at the qty & price u need.

Posted by popo92 > 2017-02-18 13:05 | Report Abuse

First level thinking: property and construction sector is slowing down revenue will go down.
Second level thinking: my analaysis tell me that gross margin will increase compare before q2, this company will be profitable.
Common sense thinking: oh wait, buying this company is still cheap right now even with market weak demand and sales.

Posted by stockraider > 2017-02-18 13:12 | Report Abuse

U cannot go wrong, when all the positive factors with u and ur stock have huge margin of safety loh.....!!

EPS exceeding Rm 0.20 with strong growth

Strong cashflow.....with net cash above rm 0.90 per share

Nta exceed rm 4.10 per share loh....!!

Surewin if buy below rm 1.80 this choobee loh.....!!

Posted by geary > 2017-02-18 13:31 | Report Abuse

Bill n Melinda Gates identify the secret to Warren Buffett's success, n science agrees! The secret is his unceasing Optimism. "Optimism is a huge Asset." Bill n Melinda Gates foundation's annual letter. "We see this in you Warren. Your success didn't create your Optimism, your Optimism led to your success." "No matter where things are right now, he knows in the long run they are getting better." Bill & Melinda Gates Foundation has more than 50% of Berkshire in its portfolio's of more than 10 companies. What a conviction to invest more than half of their money into BRK!!!

Posted by stockmanmy > 2017-02-18 14:10 | Report Abuse

super investors are focused. All of them.
optimism and focused...your licence to unimaginable wealth.........together with sailang.




geary > Feb 18, 2017 01:31 PM | Report Abuse

Bill n Melinda Gates identify the secret to Warren Buffett's success, n science agrees! The secret is his unceasing Optimism. "Optimism is a huge Asset." Bill n Melinda Gates foundation's annual letter. "We see this in you Warren. Your success didn't create your Optimism, your Optimism led to your success." "No matter where things are right now, he knows in the long run they are getting better." Bill & Melinda Gates Foundation has more than 50% of Berkshire in its portfolio's of more than 10 companies. What a conviction to invest more than half of their money into BRK!!!

Posted by RUOutOfUrMind > 2017-02-18 14:33 | Report Abuse

I suspect this stockmanmy is actually another ID of KYY, talk like him, act like him & behave like him. Keep defending like he is KYY.

Posted by probability > 2017-02-18 14:41 | Report Abuse

aiya..that one is buddyinvest aka 'bodekinvest'...i think he communicates via email to KYY and is a postman who posts KYY's posting...

Posted by RUOutOfUrMind > 2017-02-18 14:45 | Report Abuse

I have never seen any accountant look at things without thinking of figures. All accountants are commonly well known to see everything in figures. Yes, EVERYTHING.

If someone claimed himself as accountant but never talk figure, that's extremely suspicious. Either he is liar or he is just an admin clerk, merely know how to key in invoices into accounting system.

Posted by RUOutOfUrMind > 2017-02-18 14:45 | Report Abuse

I have never seen stockmanmy talk figures, everything he talked is DYNAMIC, it means nothing & empty, no one know what he is talking about, only he himself know what is that meaning.

If DYNAMIC investment is something in his mind without any supporting from figures or something can not be told, then it is just another rubbish theory no one will ever understand except stockmanmy himself.

Posted by stockmanmy > 2017-02-18 14:45 | Report Abuse

well...you are out of your mind...sure explains a lot.

Posted by RUOutOfUrMind > 2017-02-18 14:45 | Report Abuse

Don't talk about feng shui, taiji, yingyang in investment, all are rubbish. DYNAMIC investment is no different to those things that want to make simple thing looked complicated.

Posted by stockmanmy > 2017-02-18 14:47 | Report Abuse

Dynamic Investing...your license to unimaginable wealth.

Posted by RUOutOfUrMind > 2017-02-18 14:48 | Report Abuse

From all comments from stockmanmy, he is just purely loyal fan to KYY & will defend KYY with his own life. So, I wonder if this stockmanmy is actually KYY

Posted by RUOutOfUrMind > 2017-02-18 14:49 | Report Abuse

stockmanmy, don't claim yourself as accountant, you never behave, talk & act like accountant.

Posted by weng > 2017-02-18 15:27 | Report Abuse

Why ChooBee have so much forex gain (2.8M). Do they have a lot of forex exposure?

Posted by probability > 2017-02-18 15:28 | Report Abuse

i think they started exporting their products...

Posted by Invest1188 > 2017-02-18 22:53 | Report Abuse

Exporting to singapore

Posted by PlsGiveBonus > 2017-02-19 10:35 | Report Abuse

TP revised to 5.00
:)

Posted by didi2005 > 2017-02-19 11:26 | Report Abuse

Tomorrow break RM2.00, then new high, this is the best scenario i wish to see~~~

Posted by PlsGiveBonus > 2017-02-19 14:12 | Report Abuse

5.00 in the making

Posted by zoizai > 2017-02-20 09:13 | Report Abuse

can break RM2 today?

Posted by dompeilee > 2017-02-20 09:23 | Report Abuse

My months-long faith in this counter is rewarded... :D