Posted by asdf > 2016-04-29 11:15 | Report Abuse

Is it a break out?

Posted by cbsupporter > 2016-06-13 15:21 | Report Abuse

Come on please...

Posted by samyew1234 > 2016-06-14 09:49 | Report Abuse

cbsupporter, why you have so much confidence on this counter, volume is so low

Posted by samyew1234 > 2016-07-01 14:05 | Report Abuse

We spoke with Century Bond’s management last week and came away with positive guidance over its FY17 outlook. The company managed to sustain its earnings in FY16 despite experiencing cost pressures particularly from rising distribution expenses, a result of improved efficiencies and greater economies of scale from running its plants at an 80%-90% utilization rate. Completion of the Lafarge–Holcim merger has benefited the company through the securing of more orders from the enlarged entity, increasing its production further by 10%-15% in FY17. We are lowering our fair value of the company slightly to RM2.18 (RM2.29 previously) to account for lower cash levels which still stand at an admirable RM73m or RM0.61/share post-payout of a bumper special dividend of 20sen per share in 1QFY16.

FY16 numbers a mixed bag, though generally positive. Revenues inched 2.4% higher YoY, mainly led by stronger overseas sales contribution, up 12.2% YoY which offset a 1.1% YoY drop in Malaysia. Cement paper packaging, which makes up more than 77% of the Group’s earnings, saw contributions fall 14.9% however, while plastics packaging and contract manufacturing packaging showed improvements. Pre-tax margin weakened from 13.0% to 11.8%. Meanwhile, the Group’s net cash level has fallen from RM95.4m to RM73.3m after declaring a 20sen per share special dividend in 1QFY16. A further 3sen per share final dividend, which is subject to shareholders’ approval in the forthcoming AGM, has been proposed recently. Management guided that it will continue to maintain its dividend payout of 30%-50% going forward.

Utilization rate at a high 80%-90%. The Group’s cement paper bag segment has a production capacity of 12m/mth. Attributed to the integration in Lafarge Malaysia and also vibrant construction activities in Thailand and Indonesia, the Group has been receiving more orders for its cement paper bags in recent months. Additionally, some cement producers are also slowly switching from plastic to paper bags which are more environmental-friendly, heaping on the demand. The company is currently running at 80%-90% of its production capacity, almost deemed as full.

Updates on JV tie-up in Indonesia. Given that it’s a new venture for the company, management has adopted an extremely cautious stance, biding its time in sorting out all pertinent issues with its Indonesian partners before embarking deeper into the project.

Undemanding valuation for its core businesses. Stripping out the net cash of RM73m, the existing core businesses are only valued at a 7x PE multiple, which is not justifiable considering i) its steady earnings margin (pre-tax margin: 11%-13%), ii) 60% market share in Peninsular Malaysia and iii) steady operating cash flows.

Posted by samyew1234 > 2016-07-01 14:07 | Report Abuse

Good news and I can see recently packaging companies (both plastic and paper) are in the radar of many people, first target RM1.80 first

Posted by samyew1234 > 2016-07-01 14:07 | Report Abuse

can anyone comment a bit, very boring here,

Posted by ckwan11d > 2016-07-01 14:23 | Report Abuse

http://klse.i3investor.com/blogs/PublicInvest/99442.jsp

Posted by samyew1234 > 2016-07-01 15:29 | Report Abuse

ckwan, how do u see the company? can buy more at this price ?

Posted by cbsupporter > 2016-07-01 21:16 | Report Abuse

Buy more and wait

Posted by samyew1234 > 2016-07-02 13:10 | Report Abuse

Okay, Cbsupporter, Monday I will buy more to keep it and wait for the dividend and share price to move north, thanks

Posted by shareguru > 2016-07-03 16:21 | Report Abuse

Buy more n wait for announcements

Posted by cbsupporter > 2016-07-03 20:29 | Report Abuse

Samyew1234..I really enter at 1.48 on 23nd june now wait it's move...

Posted by samyew1234 > 2016-07-05 10:38 | Report Abuse

shareguru, what announcements ? profit, dividend or any corporate exercise ?

Posted by samyew1234 > 2016-07-05 10:55 | Report Abuse

I went to see the announcements made by Cenbond, recently there's some internal transfer of shares from father to son, what they are trying to do

Posted by samyew1234 > 2016-07-05 23:47 | Report Abuse

Can shareguru share?? what announcement?

Posted by husky88 > 2016-07-14 22:17 | Report Abuse

Cenbond why move so slow?

Posted by shareguru > 2016-07-15 07:27 | Report Abuse

Cannot share . Don't worry announcement very soon

Posted by samyew1234 > 2016-07-15 10:55 | Report Abuse

Thanks shareguru, I will buy more today and hope for good news on the announcement, thank u

Posted by samyew1234 > 2016-07-15 11:27 | Report Abuse

Buy more at RM1.57, shareguru, eat rice or porridge this time depends on you already

Posted by shareguru > 2016-07-15 15:41 | Report Abuse

Eat rice with abalone

Posted by samyew1234 > 2016-07-15 16:06 | Report Abuse

wah, normally Friday no volume one, what happened today, something good is coming or just the overall market is good

Posted by samyew1234 > 2016-07-15 16:06 | Report Abuse

shareguru, I can be contacted at samyew1234@gmail.com, can u drop me an email ? appreciate it

Posted by cbsupporter > 2016-07-15 17:16 | Report Abuse

I got duit raya liao... very nice..

Posted by husky88 > 2016-07-15 21:12 | Report Abuse

Ha ha. Actually i knew what news.

Posted by samyew1234 > 2016-07-15 21:57 | Report Abuse

wah, husky88, can pm me? samyew1234@gmail.com. If it is real, I belanja u rice with abalone

Posted by asdf > 2016-07-16 15:10 | Report Abuse

samyew he does not know.
read his previous post.

Posted by husky88 > Jul 14, 2016 10:17 PM | Report Abuse

Cenbond why move so slow?

Posted by cbsupporter > 2016-07-16 20:29 | Report Abuse

ha..ha..ha

Posted by husky88 > 2016-07-17 12:35 | Report Abuse

Asdf, i ask why move slow not mean i dont know.

News on the way coming, just keep.

See your at oldtown and bpplas.

Posted by samyew1234 > 2016-07-17 20:54 | Report Abuse

Asdf, husky88 is so pissed off, I guess the news must be true, lol,

Posted by samyew1234 > 2016-07-17 20:58 | Report Abuse

I go and check the announcements, 5 announcements on internal transfers, what they are trying to do ? Privatisation? Instead of share the cash of 70m with shareholders, better privatise it lo

No of securities disposed 8,043,066
Price Transacted ($$)
Circumstances by reason of which Securities Holder has interest

TRANSMISSION OF SHARES TO NEXT OF KIN

Posted by tjhldg > 2016-07-17 23:56 | Report Abuse

:)

Posted by chrisyap > 2016-07-18 08:36 | Report Abuse

today whack and celebrate ?

Posted by cbsupporter > 2016-07-18 11:02 | Report Abuse

Congratulations for all..

Posted by samyew1234 > 2016-07-18 11:41 | Report Abuse

Hold until 1.75 then sell, can ?

Posted by cbsupporter > 2016-07-18 11:43 | Report Abuse

My target price is Rm 2. he..he..

Posted by samyew1234 > 2016-07-18 13:25 | Report Abuse

wah, then I sell at RM1.90 first

Posted by cbsupporter > 2016-07-18 13:30 | Report Abuse

I still have cb share enter at Rm 1.88 so....

Posted by samyew1234 > 2016-07-18 15:52 | Report Abuse

Huh? so high, since when you bought it ?

Posted by cbsupporter > 2016-07-18 19:56 | Report Abuse

Since 2013 July i buy its .

Posted by samyew1234 > 2016-07-19 10:20 | Report Abuse

oh, okay okay, no wonder

Posted by miketyu > 2016-07-19 10:26 | Report Abuse

Privatization at RM1.80 per share

Posted by samyew1234 > 2016-07-19 11:03 | Report Abuse

Miketyu, sure or not, don't create rumours here

Posted by cbsupporter > 2016-07-19 11:10 | Report Abuse

Really i also heard something...

Posted by samyew1234 > 2016-07-19 11:39 | Report Abuse

wah, okay, I will just keep and maybe consider to buy more at this price, hope for the best

Posted by cbsupporter > 2016-07-19 12:04 | Report Abuse

Now i enter again at 1.59, and get ready...

Posted by cbsupporter > 2016-07-19 16:32 | Report Abuse

Contral player kena tangkap liao

Posted by samyew1234 > 2016-07-19 16:34 | Report Abuse

Ya, who sell down suddenly, really kena play by them

Posted by cbsupporter > 2016-07-20 15:45 | Report Abuse

Need more volume

Posted by samyew1234 > 2016-07-20 15:58 | Report Abuse

Something is brewing, someone collecting slowly

Posted by leong1188 > 2016-07-20 18:32 | Report Abuse

but if it is RM1.80, upside not much leh. unless it is pivb's TP of RM2.18.. Haha