Posted by yfchong > 2014-07-29 19:29 | Report Abuse

Go back to the basic the secret to successful investing is to figure out the value of something and then pay a lot less., fr j greenblatt

Posted by stteck > 2014-08-03 11:01 | Report Abuse

Anbz, we shared your experience, expertise, and happiness. But maybe lets come back to this forum and share the analysis and report of kfima only instead of showing personal portfolios. Ppl here are also intelligent enough to judge what to hold and what to sell. Happy investing

Posted by Diamond7 > 2014-08-12 15:54 | Report Abuse

Undervalue! Cash rich ! Get our 8 cents dividen at the end of the month ....wait for Fimacorp to ex date its bonus n split ! KFima will be wonderfully rewarded too...

Posted by yfchong > 2014-08-13 15:58 | Report Abuse

Kam sieh Kam sieh,

Posted by coolio > 2014-08-14 22:18 | Report Abuse

Discount Cash Flow Analysis
Valuation on KFIMA 8/14/2014

Table 6.1: Assumptions
Current stock price $2.31
Share outstanding (Mil) 273,497
This year FCF (Avg last 7 years) $55,567
Next year's FCF (mil) $60,013
Growth for the next 5 and 10 years 8.0% 3%
Teminal growth rate, g 3.00%
Discount rate, R 10.0%

Table 6.2: DCFA
PV of FCFF of core operations $1,009,000
Non-operating cash $242,798
Investment in Properties $71,805
Investment in Associates $42,906
Debts ($6,159)
PV of FCFE $1,360,350
Less minority interest ($298,778)
FCFE $911,435
Number of shares 273497
FCF per share $3.33 44%
MOS 31%

Intrinsic Value of KFIMA is RM3.33, potential gain of 44%

Using a Reverse engineering DCF calculation shows that at the current price, the market is expecting 0.5% growth in KFIMA free cashflow for the rest of its life which is very unlikely.

Posted by yfchong > 2014-08-14 22:35 | Report Abuse

@coolio the last 2years kfima was loaded with capex, par down the FCF, following years more $$ will be generated.,
I choose discount rate r:15 percent due to poor section fr tuna area., coming forward bulking will take the lead in $$ generation...., my 0.2 cts

Posted by Diamond7 > 2014-08-23 16:41 | Report Abuse

Ooooo dear!!! What do I do ???....sell or keep it in the freezer?

Posted by Diamond7 > 2014-08-23 21:46 | Report Abuse

....still got hope. Fimacorp giving bonus n split....

Posted by Diamond7 > 2014-08-23 21:48 | Report Abuse

ai yah...8 cents dividend good enough !!! Will keep until cum bonus

Posted by stteck > 2014-08-25 23:44 | Report Abuse

Good result announced! Div should be oct

Posted by Diamond7 > 2014-08-26 09:20 | Report Abuse

Profit up...NTA up...NTA 2.40 Hoping for a special dividend....

Posted by stteck > 2014-08-28 23:18 | Report Abuse

8% div on 15 oct

Posted by Diamond7 > 2014-09-26 17:47 | Report Abuse

Staying strong...hoping management will reward shareholders with bonus n share split like Fimacorp....

Posted by J2529 > 2014-09-27 12:39 | Report Abuse

up up

Posted by yfchong > 2014-10-01 11:24 | Report Abuse

Heads, we win. Tails, we don’t lose much…

Posted by musang_foxking > 2014-10-10 08:27 | Report Abuse

Time to die...

Posted by yfchong > 2014-10-10 09:52 | Report Abuse

no die lah sudah claim 8 cts fr dividend.

Posted by chongkonghui > 2014-10-10 13:35 | Report Abuse

Selling cheap and cheaper. I am waiting for RM1.90

Posted by yfchong > 2014-10-10 13:51 | Report Abuse

dun lah like tat...,i am out of bullets leh....,now is the best time to scout for FA fellows, if 1.90 need to break my piggy bank

Posted by Diamond7 > 2014-10-10 18:50 | Report Abuse

Hope .....reverse after budget

Posted by Diamond7 > 2014-10-10 18:59 | Report Abuse

Hope .....reverse after budget

Posted by yfchong > 2014-10-10 21:51 | Report Abuse

We dun hope......,we just wait............patience is prudence to success

Posted by yfchong > 2014-10-13 09:37 | Report Abuse

seems that i need to break my piggy bank

Posted by yfchong > 2014-10-13 12:06 | Report Abuse

@ chongkonghui............now can do bottom fishing..

Posted by chongkonghui > 2014-10-13 21:07 | Report Abuse

Let it touches 52w low, at least....

Posted by yfchong > 2014-10-13 22:41 | Report Abuse

I would like to add more no hurry.....,until it touch down less risky zone

Posted by Diamond7 > 2014-10-13 23:22 | Report Abuse

Will follow you...

Posted by chongkonghui > 2014-10-14 16:03 | Report Abuse

Almost there.... can ready to fish.

Posted by yfchong > 2014-10-15 12:44 | Report Abuse

dividend delivered..., next is to break piggy bank and.......,

Posted by Diamond7 > 2014-10-16 15:58 | Report Abuse

Buyer's market !!!.....

Posted by yfchong > 2014-10-17 10:33 | Report Abuse

just Q buy...buy...,

Posted by yfchong > 2014-10-17 12:27 | Report Abuse

"The risk in investing is the risk of paying too much for growth."....is the right time now..,

Posted by chongkonghui > 2014-10-18 00:12 | Report Abuse

Stock Price : 1.95 (2014-10-17)
EPS : 22.87
P/E Ratio: 8.53

Not that cheap...

Posted by Diamond7 > 2014-10-20 08:43 | Report Abuse

Chongkonghui....think no big buyers in market...price will move down ! Will wait a while n buy back when the klcindex is low !

Posted by yfchong > 2014-10-20 09:44 | Report Abuse

no need hurry.......,just prepare

Posted by Jeremy Chan > 2014-10-21 23:19 | Report Abuse

KFIMA has got plenty of cash to weather through the storm, unless they are meddle with risky investment/M&A, I'll be revaluate again. These days, cash is definitely king/queen.

Posted by yfchong > 2014-10-22 15:00 | Report Abuse

This one no worry one...,

Posted by Diamond7 > 2014-10-28 22:21 | Report Abuse

No stimulus....

Posted by yfchong > 2014-12-09 14:20 | Report Abuse

try to match also susah..,

Posted by Shrekk > 2014-12-09 17:41 | Report Abuse

No need to q for 1 n 2 cts just buy as this kind price below Rm2 is way too undervalue for kfima.good luck.

Posted by yfchong > 2014-12-10 12:12 | Report Abuse

yeah shrekk sometimes the 1 or 2 cts i see it very huge...,

Posted by chongkonghui > 2014-12-10 20:49 | Report Abuse

At 1.94 expected DY 4.12%, better than FD.
PE 8.58 not very low but rather not high.
Huge cash pile, safe haven.

Net asset per share RM2.37 (share price is 18% discount)
Net cash per share RM0.89 (PE ex-cash = ~4.4x)

Posted by calvintaneng > 2014-12-10 21:00 | Report Abuse

Useless stock?

Depends on your entry price. I got it at 35 cents years ago. Already up 600%

Now now still very resilient. See SapuraKencana crashing while kfima still holding up strongly

Posted by bsngpg > 2014-12-10 22:29 | Report Abuse

KFima at 35 cents? It must be many yrs ago. You are great in catching KFima at unbelievable low price.
My entry price is 1.50 in 2010. The return till today is so so only. I do not hold a lot as I have a concern in its mgt team with full "horses"..........
Thks.

Posted by beso > 2014-12-10 22:32 | Report Abuse

if 0.35 really happen klci crash to 500 de

Posted by yfchong > 2014-12-15 10:21 | Report Abuse

Can catch now...,

Posted by yfchong > 2014-12-15 10:43 | Report Abuse

A big punish for all counters

Posted by stteck > 2015-01-26 01:05 | Report Abuse

2015-01-25 19:18
 
未署名讀者問：
 
菲馬集團（KFIMA，6491，主板貿服組）的主要業務，最近業績表現如何？該公司的財務狀況如何，可以長期投資嗎？
 
答：菲馬集團主要業務包括製造業（保安文件，包括鈔票的生產與貿易（業務表現穩定）、種植、處理危險性液體與半液體產品，提供運輸與貨運服務、以及食品業領域（進行金鎗魚與馬鮫魚及罐頭魚的生產）。
截至2014年9月30日為止第二季，該公司淨利為1千584萬令吉（每股淨利為5.78仙），前期淨利為1千627萬9千令吉（每股淨利為6.02仙）。營業額為1億2千913萬1千令吉，前期為1億2千315萬9千令吉。
首6個月，該公司的淨利為3千313萬3千令吉（每股淨利為12.08仙），前期淨利為3千零78萬8千令吉（每股淨利為11.38仙）。首6個月的營業額為2億5千850萬6千令吉，前期為2億3千596萬5千令吉。該公司的每股資產值為2令吉37仙。
至於財務狀況，截至2014年9月30日為止，該公司的總資產為10億6千351萬7千令吉，包括現金及銀行余款為2億4千576萬1千令吉。該公司的總負債為1億8千161萬令吉。保留盈利為2億8千946萬令吉。它的股本為2億7千585萬1千令吉。
是否可以投資，可參考大眾研究於2014年11月24日對它的剖析。
大眾研究指出，該公司最新首6個月的淨利表現符合預測，即占其全年預測的46%。該公司旗下製造業務，料將會取得政府旅遊文件的合約，料將另外續約2年。
該公司的種稙業務料與原棕油價格起落息息相關。而該公司2016及2017年財政年的鮮果串產量將增加25%，主要是它發展及種植新的種植地。
該公司散裝貨運領域，將向客戶尋求更多長期合約，以增加處理更多較高賺幅的產品，以加強業務表現。至於該公司旗下食品業務，則主要在巴布亞新畿內亞銷售金鎗魚與馬鮫魚及罐頭魚。
大眾研究看好菲馬集團，主要是擁有多元化的5項業務及強勁資產負債表、估值強勁、以及深具吸引力的4%周息率。
當時該行給的目標價為2令吉26仙（當時市價為1令吉98仙），並給予守住評級。（星洲日報／投資致富‧投資問診‧文：李文龍）


點看全文: http://biz.sinchew.com.my/node/109380?tid=8#ixzz3PplKOpuB

Posted by Shrekk > 2015-02-06 19:08 | Report Abuse

This kind of stock will make a big surprise one day. We must be patient and put under the pillow.

Posted by brutusbeefcake > 2015-02-06 19:11 | Report Abuse

hah hahahah 3 years already. price is still 2.00