Too cheap just all in ivan9511 must buy rich until billions many good assets inside this company\
comfirmupppppp
ini sudah mau limit uppppppppppppppppppppppppppppppppppppppppppppppppppppppp watch ini good asset company is limit upppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp
If the business is so good, why should they list it and share the profit with the public? For fund raising? Another obsolete and toxic brainwashing content from the capitalist who set the rule of the money game. :)))
Right issue is to collect more money from the public and existing shareholders for the company to spend. Old stupid Cina apek always think the right issue is the "son" or "children" of the mother share. Laugh die me. :))))))
Dato is credible person, that's why my mum withdrawn her epf money subscribe the right issue in 2014. Right issue price 0.18 and free warrant also not enough to cover the avg price dropped from 34cts-35cts. Friday closing 11cts and 2cents, we totally crumble :( pls help dato
Remarks 1: Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 23 January 2019 with bonus issue of LONBISC shares, any shareholder who is entitled to receive LONBISC bonus issue shares, may sell any or all of his LONBISC shares arising from the bonus issue beginning the Ex-Date (18 January 2019).
For example, if Mr X purchases 400 LONBISC shares on cum basis on 17 January 2019, Mr X should receive 400 shares on 23 January 2019. As a result of the bonus issue, a total of 500 LONBISC shares will be credited into Mr X's CDS account on the night of 23 January 2019 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 500 on or after the Ex-Date ie from 18 January 2019 onwards."
Remarks 2: The date of listing and quotation for the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad will be on 24 January 2019, being the next market day following the Entitlement Date. The notice of allotment for the Bonus Shares will be issued and despatched to the entitled shareholders at the address as per the Record of Depositors within 4 market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad. This announcement is dated 8 January 2019.
The company only managed to record a profit of RM320k in the 1H19 which is a 86% fall vs 1H18 profit of RM2.3mil. 12 months trailing profit was only at RM1.6mil which means at the current share price, the company is being valued at a PE of 27.2x. Given the depressing outlook for the construction industry (due cancelation, delay and review of big infrastructure projects), the company FY19 result is expected to be a lot lower than FY18 profit. Until the government decides to increase back the infrastructure spending, expect the profit level to remain depressed for the near future.
If you are looking to hedge your portfolio outside of Prinsiptek (due to its weak earnings outlook and relatively high valuation), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.1x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.
FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).
MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.0x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.
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....
BlackWhite
1,053 posts
Posted by BlackWhite > 2018-08-27 15:40 | Report Abuse
Happy it dropped ,