not quite KC Loh, I met this Shah at the last AGM, they did partcipate at the tender, with entry level models with drivers rather than what MRT wanted in driverless system, Shah's word. I read between the line, from his sigh... lack political clout...
yes, i know Scomien tried to make the jump for MRT in India and Philippines too because that's where the money is. but they are not capable yet! That is why i think its good they have IJM, because civil construction plays a big part in the overall scheme! :)
and yes, the driverless system is mentioned very vividly when Mitsubishi got it! Shah is only back in favor recently, as mentioned previously in one of my earlier postings. For Najib, i think he is banking on the O&G play to pull the economy out of external shocks next year besides the tried and tested big construction tenders. so waiting to see what happens especially with Scomimr & IJM :)
the market going to be spook tmr. Us market down,DuPont was the one report that really seemed to spook investors. The diversified U.S. manufacturer’s third-quarter profit fell 98% from a year ago, due to weak industrial demand around the globe.
whilst we both have come to an agreement that 60sens is reachable, where i differ is when the awarding of MOF will influence the balance for upward bias or not. You state with MOF, 60sens is only arrived.
it is in my opinion, that the MOF will increase the price due to the fact that the disposal is already gaining back about near 60 sens. current ratio will have a calculated value of 0.99, ie almost one dollar asset for one dollar debt! This is in FY 2011. What Scomi's mistake is in the acid test ratio, being cash strap by a big margin causing it to nearly default in debt rating.
with the incoming 60 sens, a turnaround of business and the awaited news of MOF, surely we can deduce that 60+ sens and above is possible.
Of course, the most salient point is how management play its cards.
whilst analysts and CFAs and what have you are paid top dollars cannot agree on a same TP, i think its ok if we have a difference of valuation also. So please continue with giving us your inputs! So far, it is my conviction that it is definitely above 62 sens FV before the MOF.
The American giants are preparing for the fiscal cliff because by next year the rich and corporate giants will be taxed more. In all probability, they are starting to adjust their accounting for future along with the current weak sentiments both in Europe and East Asia. They are adjusting revenue downward for the upcoming US fiscal cliff. I only hope the Republicans dont get the Presidency or they will cause massive problems if they choose not to bite the bullet and swallow the bitter pill of limited spending and higher tax now! On the other hand, i have this distrust of Democrat Obama! Freemason? hehehe
aiya KC stop whinning lah u know we all here cannot argue with value investor such as u especially with a proven track record but definitely can take on punters lah hehe if u want us to make some noise please dun come up with all the numbers and backed it up mah. just like Jack's grandma used to tell me & jack if u have nothing to say just keep your mouth shut or in this case if u dun know what the hell is going on dun post here hehehe 4-1=3 Leos :)
Dear KC Loh, u r our most 'pleasant guy' in this forum. Always hanging around. Hoping to see us n to be seen by us all ! Your valuable texts r been read by all, I believe.
Valuation, I will guess it at 3 x 31 = 91. 3 x IJM's entry n with their coming active mgmt participation over time.
KC - good morning. It's not that we all are not replying to your post. It is too intellectual for us and we need time to digest. Anyway in the middle of the night only the eyes are working overtime but the brain refuse to work.
Also our friend Frank must had too much drink he's sleeping in his job. he he he
well, Mr Market, time to wake up and prove KC Loh's hypothesis! Bro KC, i agree with your insights and analysis. Valuation of RM0.60 is arrived at with the disposal of the assets and not taking into account valuation of MOF contracts.
However, how did you arrive at the valuation of the MOF contracts? We don't know the value that will be dished out by Petronas, yes?
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 903 views | 6 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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....
rocket
1,191 posts
Posted by rocket > 2012-10-23 22:06 | Report Abuse
:)