The earning and dividend is getting better also, it's definitely a growing stock. It will be hard to get at this price once the employees clear their stock obtained from the ESOS scheme.
Be patient with this stock, not all of their employees will cash out, it's only those who need the money sell. Given time it'll adjust to its FV which should be in the region of 2.20. Anyway the support of 1.80+ is very strong so the downside is quite limited.
Kfima and Fima Corp will give you hefty profit if you have patient. If the NTA and the NEt cash of the company keeps rising. it will be reflected in the share price ultimately.
Volume is coming, waiting for breakout. Btw,they will announce the ex date of 8% dividend next month. KFIMA Date Announced : 17/05/2012
Type : Announcement Subject : OTHERS
Description : Final Dividend for the financial year ended 31 March 2012
Announcement Details/Table Section : The Board is pleased to recommend payment of a final dividend of 8% less 25% Malaysian Tax for the financial year ended 31 March 2012. This final dividend is subject to shareholders' approval at the 40th Annual General Meeting scheduled to be held in September 2012 and will be payable on a date to be determined.
Fandi, buy good and undervalued stock you will not go wrong. Kfima is still very much undervalued. The company net cash is RM255 million and the company market capaitalisation is RM500 million. That means half of the company's market capitalisation is cash. NTA is 2.07. It is very difficult to find such company in Bursa Malaysia now.
Rose,counter in my watch list is Zhulian another cash rich and weel managed company that is expected to announce result and dividend by 13/07. If the counter drop to RM2.00 you can buy.
Ram, my target for Kfima is at least RM2.15-RM2.20 conservatively. Again why I put this target is that Kfima NTA now stood at 2.07 and net cash per share is 0.90. Based on the record, NTA for KFima had increased from RM1.67(FY 31/03/2011) to RM2.07(FY31/03/2012) that means the increase of 0.50 in a year. If the history repeating this year, that means Kfima's NTA can easily reach RM2.57, even if you chop the increase of NTA by half you will still get RM2.32. Do not forget that the capability of the company generating huge cash flow in one year. Last year alone te net cash of the company has increased from RM196 million to RM270 Million.
If one company NTA and Net Cash keeps increasing, the share price ultimatley has to follow.
I do not think any one can challenge me on my finding. Please let me know if you can get another medium size company with such solid fundamental in Bursa Malaysia.
Also, monitor Fima corp closely. I think both companies are very hot under privatisation list. If you still ask me why? thate means you still cannot get my explanation.
Najib, FYI, Plenitude (Ard RM1.30 in cash) and KESM (Ard RM2 in cash)can beat Kfima in term of cash per share and their share price also below KFima. U can check yourself. There are too many good shares out there!
Jian Bin, net cash is only one of my criteria. low P/E, sector of the stock in,NTA and most important how fast can the business grow that will translate in net cash and NTA to the company. If you are convinced that Plenitude and KESM can fulfill the above conditions by all means inveting in these companies.
Fandi, have patient. Kfima is not a stock like Ariantec & Metronic. This is not a speculative stock. I will not be surprised if corporate exercise is looming for Kfima and Fima Corp. As I said before by controling these two companies you are controlling net cash of RM500 million.
My another favourite counter Zhulian has announced another fantatsic result. EPS 6.34 if annualise RM2.53, based on current price RM2.10 the stock is only trading around p/e 8+ compare with Haio p/E 12 and Amway p/e 17. Good dividend yield at 5.3%
I also agree that both of the shares u like are good, I also have Kfima. Just want to share to u guys there are many others good stock out there. FYI, Weida and L&G will have very good future. When u free, have a look in Weida, EPS will increase very soon in year 2013 as the oil palm tress are mature.
wah, you talk more like a politician, please give us your proof so that we can learn from you in terms of share fundamental analysis like p/e operating cash flow, NTA, EPS.
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Posted by pradeep > 2012-02-23 22:27 | Report Abuse
Kumpulanfima is a fundamental stock and the cash is growing