guys,its too risky to buy stocks based on speculation. So far, the acquisition talk is purely speculation. Please look at the 5 years share value history and so far none of the financial institution recommended this counter, i guess all the fund managers are dumb;)or i might be wrong;)i wonder why EPF also dont know this news else for sure they will buy or increase their stake...i think EPF also dumb;)hmmmmm
san miguel , mother of petron is eyeing valuable company and mtd forays into Philippines and with PE just 2.8,were known to them, so this mtdacpi is to be bought by them to expand their biz in Malaysia , mtd to be privatized at RM 1.00 !!!
Volume still very small. Only 23% share floated. With strong fundamental reported most major holders will keep their shares. As such, the direction is bias upward.
Substantial Shareholders Share Holders Holding Date Shares Held Held (%) · MTD Capital Bhd 31/07/2012 117,269,410 50.77 Alloy Consolidated Sdn. Bhd. 39,295,999 17.01 Lembaga Tabung Haji 21,799,300 9.44
Last November, the DOTC’s special bids and awards committee cleared the participation of the Light Rail Manila Consortium, MTD-Samsung Group, San Miguel Infrastructure Resources Inc., and DMCI Holdings Inc. after beating the Oct. 22 deadline.
The Light Rail Manila consortium is led by First Pacific’s Metro Pacific Investments Corp. (MPIC) with 33 percent, followed by diversified conglomerate Ayala Corp., while the MTD-Samsung group is composed of MTD Capital Bhd. and Samsung C&T Corp.
Diversified conglomerate San Miguel Corp., through San Miguel Infra Resources Inc., lead the group composed of GS Engineering and Construction Corp. and POSCO Engineering and Construction Co Ltd, while DMCI has tied up with Marubeni Corp. and Sistema Tranporte Collectivo Metrorey.
Of the total project cost, the government is spending P30 billion for the acquisition of 39 new light rail vehicles (LRVs) for the project through an official development assistance (ODA) loan from the Japan International Cooperation Agency (JICA).
It is not a recommendation to buy, I just want to show you the Intrinsic value of this stock (MTDACPI). This analysis was done when the price was at 0.545.
MTDACPI IV Calculation
Total Net Profit Years 2/10
Total Positive Operating Cash flow Years 5/10
Total Dividend Payout Years 10/10
Total Positive free Cash flow Year 5/10 22/40 Growth% 10 Years Average Turn Over 511281 Latest 4 quarters 258241 -49.49%
10 Years Average Net Profit -33273 Latest 4 quarters 36705
2011 2012 2013 Net Profit -15024 -31797 36705 Total equity 183710 155078 201982 ROE -8.18% -20.50% 18.17%
Price CAGR % (Buy and Hold) Average Return History -6.72% 3 yrs Return 6.96%
Method 1 EPS 0.16 g 10.00 Y 7.0 IV= (EPS*(8.5+1.5g)*4.4)/Y 2.34 Current price 0.545 Margin of Safety 76.72% Potential gain 329.59%
Method 2 Discounted Cash Flows Calculator Discount rate 12.00% EPS 0.16 Earning expected to grow (annually) 10.0 for the next (? Years) 3.0 before leveling off to an annual growth 3.00 Calculate Stock Value per share 2.20 Current price 0.545 Margin of Safety 75.23% Potential gain 303.67%
Method 3 ROE 18.17% Rr 8.00% NTA 0.87 IV= ROE/ Rr*NTA 1.98 Current Price 0.545 Margin of Safety 72.42% Potential gain 262.57%
Method 4 (22.5*EPS*Book value per share)^0.5 EPS 0.16 Total equity 201982 Number of shares 231633 (22.5*EPS*Total Equity/share)^0.5 1.76 Current price 0.545 Margin of Safety 69.09% Potential gain 223.57%
Conclusion If the price of MTDACPI is 1.76, potential gain is 224%
According to accounting standard, debt to equity should be < 1.00.
Please note that MTDACPI is a turnaround company, this company had been losing money for last few years, hence debt ratio is high. If the growth can be sustained for next few years, this debt ratio will come down.
I select it because it is a turnaround company, growth is very high.
I am not expert in FA, please check with Kcchongnz.
If good quarterly result is due to write back of LAD, then I believe we have reason to be cautious! Write back of LAD is just like write back of bad debts, it would not happen everyday, and it's one off thing like extraordinary gains! I think the next quarter's result would not be that great any more!
As Ooi says, his input is just for our information. It's up to the people who wants decide. We should appreciate his effort to come out with the stock analysis. And we should be thankful to people like him and kcchongnz.
Yes. We should be thankful to people like ooi and kcchongnz or anyone who have put effort to come out with the stock analysis. One can then use one's own decision to decide to buy or not.
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....
anbz
5,163 posts
Posted by anbz > 2013-06-07 16:33 | Report Abuse
not pushing the price but the force selling has pass