Very solid company with NTA 1.88 but I get some information that chuan huat utara having a big amount bad debts owe by a Taiping most high end condominium developer ,and the project now still unable to complete and rumours come that this contractor and also developer is unable to pay back the millions ringgit . I believe chuan will have effect on this .
Building material supplier Chuan Huat Resources Bhd has disposed of its entire 6.03% indirect stake in loss-making Amalgamated Industrial Steel Bhd (AISB) to privately held Telaxis Sdn Bhd for RM3.15 million or 38 sen per share.
The disposal will give rise to a gain of RM1.24 million.
Chuan Huat said the gain on disposal is expected to have a positive impact on the group's earnings per share, net assets per share and gearing for the financial year ending Dec 31, 2019.
Useless steel counter. All steel counters rose 100% already but not Chuan Huat. Dato Lim not pushing his own counter. Only waiting for mama to give him free shares due to old age. Despite having a very high nta, this counter is still at 40 sen. If Follow Masteel, Chuan Huat should be at least over 60 sen by comparison.
By comparison, all steel related counters rallied strongly but not Chuan Huat. Dato. Dont wait for Mama to pass down her shares to you. You must grab them cheap from the market now. What are you waiting for?
Moving today. At last I see someone big interested to buy into Chuan Huat today, a very much under-valued stock with NTA ( Net Worth ) per share of RM1.75 now available in KLSE at 40 sen + only. All other steel counters already up surpassed 100% since March 2020 Covid-19 lockdown.
Chuan Huat biz is picking up lately and the last qrtly report is back to profit zone. New tie-up with Akisama Group building up the whole city of Razak City Residences with 6,000 units of medium cost service apartments just located across the Prime Land of 1MDB KL Old Sg Besi Airport helps Chuan Huat to produce some good results soon. Together maybe a proposal of Dividend plus Bonus Issue is on the way too. Just Imagine, a small public listed company like Chuan Huat owning a few large pieces of Industrial Lands in KL, Shah Alam as well as some in Nilai too. Cheers. To me, buying into Chuan Huat is a Sure Win. Please also do your own investigation into Chuan Huat yourself before investing. Chuan Huat is still cheap and investing now is at 437% discounted from its real value.
Good news. Dato Lim Khoon Heng is buying up 234,000 shares on the 18/1/2021. Keep it up, Dato Lim. You have my support. An MD buying back his own company shares from the open market is a very good sign and trust we can see for ourselves.
No lah, Musang King. You have misread the announcement. Lim Khoon Heng did not buy 234,000 shares from the open market. Maybe he bought them from his sister or grand mother shares off market married deal 233,869 units.
OK to buy more into Chuan Huat now at 42.5 sen with NTA of RM1.75 per share. All investors must buy long here in order to help Chuan Huat to move up to at least over 60 sen per share. I really hate the latest ruling that allows Short Selling by the SC. We all small investors must hold long and teach the short sellers a big lesson like Stop Game small investors did in the US.
Buy Chuan Huat now at huge discounted price now. Chuan Huat shares very small. Can easily go up to 80 sen looking at all other steel counters are moving up too. Leon Fuat now over 60 sen already.
Do not sell Chuan Huat shares now as LF shares are moving higher than 64 sen currently. Chuan Huat shares are definately double the value of Leon Fuat shares in its intrinsic NTA value of RM1.75 per share.
Leon Fuat is now at 80 sen a share market value. But Chuan Huat is still at 44 sen. A study done on both entities found that LF did not report any loss due to depreciation of value of stocks during the period 2018 to 2020 ( hidden or silent about it but Chuan Huat is more transparent that they reported the stock loss of RM15 Million.) Both LF and CH have the almost the same kind of businesses except Chuan Huat's stocks are easier to count and stock take while Leon Fuat (because of their added procession) their stocks are difficult to stock take. Leon Fuat did not report any loss during the same period but in fact all the same industry suffered during this period. Just looking at Ann Joo and Southern Steel, their losses are massively reported during the same period.
Buy Chuan Huat now. You won't go wrong. The only advantage LF has is their Bank has a positive balance of RM33 Mil. extra due to their 2017 land compensation from the MRT Line 2 acquisition.
All Steel Dealers in Malaysia will gain from the current prices increase of the raw materials in 2020 and 2021 onwards. Chuan Huat is one of them, apart from Leon Fuat, Choo Bee, Ann Joo, Pantech and many Stockists of Steel Products. It is time to buy into any Iron and Steel Distributors shares now. Do not be left behind. Chuan Huat to me is still the best counter to buy into at the current price of RM0.48 a share compared to its Net Worth of RM1.75 a share.
Good to see Chuan Huat moves up to 72 sen today. Still lagging behind Leon Fuat which is now trading at RM1.01 already. A long awaited move really. Now trading at 62.5 sen in the afternoon opening while Leon Fuat is at RM1.01 gives a lot of room to move in tandem with Leon Fuat share prices. Bravo every body here. Keep watching.
In fact, Chuan can easily moves higher than Leon Fuat as LF 310 million shares are double that of Chuan Huat shares of 169 million while Chuan Huat NTA is also 1.5 times of LF's NTA.
Leon Fuat now trading at RM1.20 but Chuan Huat is still halfway behind at 0.60 sen. We are glad that Leon Fuat can make it and Chuan Huat can also make it too. Afterall, both entities businesses are almost the same. Everybody knows.
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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....
Fulam88
2 posts
Posted by Fulam88 > 2019-09-28 19:24 | Report Abuse
Very solid company with NTA 1.88 but
I get some information that chuan huat utara having a big amount bad debts owe by a Taiping most high end condominium developer ,and the project now still unable to complete and rumours come that this contractor and also developer is unable to pay back the millions ringgit .
I believe chuan will have effect on this .