Posted by Invest123 > 2015-04-22 11:25 | Report Abuse

Property market still so good meh?

Posted by Invest123 > 2015-04-22 14:26 | Report Abuse

1.30 is ok. Goreng up too much, very much overvalued now.

Posted by redpeople > 2015-04-22 16:20 | Report Abuse

181 break can fly again lor... go go go

Posted by limayseng > 2015-04-24 12:14 | Report Abuse

Is the TP 3.06 quoted too high?

Posted by CFTrader > 2015-04-24 22:45 | Report Abuse

I am wondering how they going to issue the share ? Directly issuance to mr tee will trigger mgo as he will hold larger than 90 percent of the sharebase...

Hihi. Issuance by right issue (i welcome this too , but need to sell my ass to raise cash lolx) ? Or placement to mr tee's friendly party ?

Posted by tonylim > 2015-04-24 22:47 | Report Abuse

One more option.
Restricted offer for sale to shareholders at 1.27

Posted by lai81533 > 2015-05-01 12:31 | Report Abuse

fututec go down to rm1.64 next week and down further due to correction until at 15% discount

Posted by i3i2i1 > 2015-05-06 14:51 | Report Abuse

@lai81533: 15% discount from which price?

Posted by CFTrader > 2015-05-09 08:38 | Report Abuse

Come come, Any dip is a buy ... hehehe , it's an no-brainer business with guarenteed 150m earnings over 3 years from the acquired company, with the basic 15m profit per year.

It will be 65m per year. With consideration of enlarged sharepool 371m , EPS will attained 17.1c per year..

The EPS of 17.1c is a "95% guaranteed" profit .... not to mention the bonus $$ from the property development kicks in ..

Posted by RosmahMansur > 2015-05-09 08:41 | Report Abuse

But the guaranteed profit will only appear 3 years later right?

Posted by tjhldg > 2015-05-09 08:58 | Report Abuse

Mean any short fall of profit within the time period of 3 Years the guarantor will paid right after the end of 3 year .. Doesnt mean only get the guaranteed 150 m profit after 3 years .. From the day completed the acquisition will start generate income from the target company d :)

Posted by RosmahMansur > 2015-05-09 09:08 | Report Abuse

which means, the fruits will be seen only after 3 years in 2018? so 150m in profit + interest too?

Posted by tjhldg > 2015-05-09 09:10 | Report Abuse

Of course only if the company doesn't generate any income from the ongoing project in the first 2 years then need to wait for the third years to see how the company doing by then or claim from the guarantor at the end of the period lo .... Kikikiii
Just the details of the ongoing corporate exercise not clear yet like how the placement of shares going , 1for 3right issue 1.16 according to share holding ka?or after kasi tee bro then how they going to place out the shares ka ? so now consolidating la .. Patient la

Posted by RosmahMansur > 2015-05-09 09:13 | Report Abuse

I see, so its not that certain for now yet regarding the 150mil profit to be obtained by the 3rd year.

Posted by tjhldg > 2015-05-09 09:19 | Report Abuse

No la rosmah .. Will start generate income liau ma .. So only the short fall from the 150m will pay after 3 year lo..
Example year 1 30m year 2 40m year 3 50m total 120m then the short fall of 30m will paid by the guarantor lo.
If year 1 till year 3 50m per years then nothing to do with guarantor liau lo ..doesn't mean only can get it on year 3 aeh ... Faham bo.. Year 1 dapat all 150m also can aeh ma ... Hahahahahah.. Highly unlikely la..hehehehehh

Posted by tonylim > 2015-05-09 12:50 | Report Abuse

Kikiki
tj wu restricted offer to existing shareholder bo

Posted by RosmahMansur > 2015-05-09 13:16 | Report Abuse

I see i see...thanks for enlightenment tjhlg. But why short fall? where does the 150mil come from?

Posted by CFTrader > 2015-05-10 00:08 | Report Abuse

The guarantor guarantees 150m profit , for the next 3 years.

It means if the Kerjaya Prospek - the vehicle that they going to inject in , unable to attain a total profit of 150m , the guarantor will pay up the remaining sum of money as compensation.

If the Kerjaya Prospek attained 150m profit and above, then the guarantor will pay nothing.
So we are very very very fair to consider that 150m is already in our hands.

For conversion , 150m divided by 371m share, that will be around 40c profit already in hand.
This is shown in 1.13 , the day before announcement. Rally up to current price.

1.13 + 0.40 = 1.53 , at least.

Any price fall below 1.53, is an ABSOLUTE undervalue.

Posted by CFTrader > 2015-05-10 00:16 | Report Abuse

The thing that can gets FUTUTEC values higher is the synergism between their subsidiaries.

Property Development (maiden project)+ Kitchen + Lightning

Now with injection of KPSB,
Property Development + Construction + Kitchen + Lightning

Semua dia earn habis .

Posted by RosmahMansur > 2015-05-10 00:27 | Report Abuse

So now at 1.76, Fututech is considered expensive?

Posted by Ravi Kumar > 2015-05-10 14:17 | Report Abuse

You don't know the TP? I am sure you know already

Posted by RosmahMansur > 2015-05-10 20:38 | Report Abuse

This stock doesn't have borrowings, u must be kidding!

Posted by tjhldg > 2015-05-10 20:59 | Report Abuse

Rasa and wish ada la tony .. If not then tee bro end up more than 90 % then how .. Become compulsory worr.. According to the placement to tee then also place out 3 right for 1 to existing share holder the best la .. Hahahahahah

Posted by tonylim > 2015-05-10 23:55 | Report Abuse

Aun ni ma ho seh lIao
with warrants lagI best

Posted by Ravi Kumar > 2015-05-11 08:04 | Report Abuse

Odd to see you here in this stock too Rosmah? So happened to be recommended by .....

Posted by DannyC > 2015-05-18 23:15 | Report Abuse

gogogo... construction sector start to be bullish...

Posted by limayseng > 2015-05-19 11:01 | Report Abuse

Beware of glut in property ? The supply has exceeded demand many times! This has been reported in foreign media.

Posted by tjhldg > 2015-05-21 23:16 | Report Abuse

Kikikikikiiiiiii

Posted by skybird > 2015-05-26 21:12 | Report Abuse

Quarter Result good

Posted by RosmahMansur > 2015-05-26 21:40 | Report Abuse

Intrinsic value = rm2.35

Posted by goldenluck16 > 2015-05-26 22:10 | Report Abuse

Should rebound tomorrow..interim dividend 3 sen. Target price in the medium term 2.00.

Posted by Invest123 > 2015-05-26 22:51 | Report Abuse

With the proposed acquisition, good management, results, dividend.... buy and keep.

Posted by CFTrader > 2015-05-27 00:38 | Report Abuse

Hihi ... drop lah drop lah... i want to buy more

Posted by ccs999 > 2015-05-28 19:34 | Report Abuse

results tak announce tak jatuh, announce saje with both revenue/profit increase, all panic force selling, apa cerita ni

Posted by citylight > 2015-05-28 21:16 | Report Abuse

hi.... any one know if warrant share got any dividend pay out?

Posted by ccs999 > 2015-05-28 22:54 | Report Abuse

Hi city light, no, that is no div for warrant. thank you.

Posted by CFTrader > 2015-05-30 00:15 | Report Abuse

still waiting for the KPSB injection news

Posted by ccs999 > 2015-05-30 08:05 | Report Abuse

Hi CF Trader, can u pls tell me more about the KPSB news? what is KPSB? thank you, regards

Posted by citylight > 2015-05-30 21:44 | Report Abuse

Thank you ccs999, KPSB is family owned by controlling shareholder Datuk Tee, and proposed acquisition for 380 million via issuance of 280M new shares and has an order book of approximately RM2.3 B.

Posted by CFTrader > 2015-05-31 00:26 | Report Abuse

sorry for the late reply. KPSB is what citylight describe for us.

The highlights :
(1) KPSB has no debt with orderbook of 2.3b.
(2) Issuance of 280M share at price of RM 1.14

The most important stuff :

(3) Profit guarentee of 150m for 3 years. - Dato Tee say Rm 200m cumulative profit is "sap-sap-water" for the future 3 years.

RM 200m / (280m new issuance share + 95m share cap+ 25m warrant conversion ) = RM 200m / 400m (roughly estimate) = RM 0.50 already on hand for the next 3 years.

Posted by CFTrader > 2015-05-31 00:27 | Report Abuse

Highlights again .

(4) Mr. Tee told that FUTUTEC will doing business with CASH only, without debt. Because that gives FUTUTEC a superb profit margin. With the "cash" only business, we can expect there will be a healthy healthy cashflow kicking in

Cashflow = Hard Cash in company = Dividend

And a company with strong cash position won't tumble easily during downturn =D

Posted by benz10 > 2015-05-31 11:08 | Report Abuse

The business is just normal construction and property developement.

With such a good profit making company, what is the benefit for Dato to list his company?

Posted by Invest123 > 2015-06-01 21:35 | Report Abuse

So many cos. wanted to get listed. He must have his good reasons.

Posted by Invest123 > 2015-06-01 21:36 | Report Abuse

Price kept coming down. This is not Fututec!

Posted by gift > 2015-06-02 12:16 | Report Abuse

Time to collect? The price is keep dropping. What do u think?

Posted by Joel > 2015-06-03 15:17 | Report Abuse

Today is it suspend？
can buy directly by now ?

Posted by ccs999 > 2015-06-03 15:27 | Report Abuse

Hi Joel, where you see the suspend news?

Posted by sofea > 2015-06-03 19:15 | Report Abuse

I juz know that no one wants to sell at this price! I hv been queueing all day to buy at market price.

Posted by Joel > 2015-06-03 21:00 | Report Abuse

no, I juz asked for comfirm.
I saw price hang at 1.58/1.65......Peliknya, langsung tak jalan.

Posted by CFTrader > 2015-06-06 01:17 | Report Abuse

Joel, Sofea, you are not getting the shares because you are in the queue. There is no one to sell to you at that price, hence, you get nothing.

For relatively new investors here.. you need to watch the prior price movement BEFORE the announcement. Prior KPSB injection HoA announcement, this stock is thinly traded ... sometime not even 100 shares is traded.