Posted by hw0706 > 2014-04-09 15:55 | Report Abuse

look like up 5.10

Posted by siewfu > 2014-04-09 16:46 | Report Abuse

Wat happened to bonia??

Posted by unemployed > 2014-04-09 17:13 | Report Abuse

Institutions buying Bonia due to very positive outlook

Posted by asamlaksa > 2014-04-09 17:19 | Report Abuse

9 April 2014: RM5.15. Excellent.

Posted by valuemaster > 2014-04-09 19:28 | Report Abuse

cimb tp RM8, crazy

Posted by jackson87 > 2014-04-09 19:31 | Report Abuse

Any link on cimb tp8
Valuemaster?

Kekekekeke

Posted by johnny cash > 2014-04-09 19:43 |

Post removed.Why?

Posted by johnny cash > 2014-04-09 19:45 | Report Abuse

Bonia Corporation COMPANY NOTE
BON MK / BONI.KL
Current RM5.00

Market Cap Avg Daily Turnover Free Float Target RM8.11
US$293.5m US$0.21m 43.7% Prev. Target N/A
RM951.0m RM0.71m 201.6 m shares Up/Downside 62.2%
Conviction| |

Posted by johnny cash > 2014-04-09 19:46 | Report Abuse

5. VALUATION AND RECOMMENDATION
5.1 Massively undervalued
Although Bonia’s share price has risen by 25% YTD, we believe that the stock is
still trading at a huge discount to its intrinsic value. Given that Bonia has laid a
strong base for growth, we expect its net profit to more than double in three
years’ time. We forecast that net profit will increase by 124% from FY13 to FY16.
As such, we are of the opinion that Bonia’s current valuation does not reflect
the company’s earnings growth trajectory, as it is trading at only 13.2x FY15
P/E and 10.8x FY16 P/E.
Padini Holdings Bhd (Padini), Bonia’s closest competitor among the local listed
fashion retailers, is trading at 10.4x FY06/16 P/E. This is higher than Bonia’s
10.2x FY16 P/E. However, Padini has a much lower earnings growth trajectory
(see Figure 23). Padini’s 3-year EPS CAGR (FY13 to FY16) is 13.5% based on
consensus estimates but Bonia’s EPS CAGR during the same period is 31.1%
based on our forecasts. Bonia’s EPS CAGR is a whopping 130% higher than
Padini’s. In other words, Bonia is currently trading at a FY16 PEG ratio of 0.33x,
much lower than Padini’s 0.77x. Therefore, we strongly believe that Bonia is
significantly undervalued and its large valuation discount to Padini is highly
unjustified.

Posted by johnny cash > 2014-04-09 19:47 | Report Abuse

5.2 Initiate with Add rating
Based on our analysis above, we believe that Bonia deserves to trade at higher
valuations. We have strong conviction that Bonia should trading at a large
premium over Padini due to its significantly higher projected earnings growth
in the next three years. Although Bonia’s 3-year EPS CAGR (FY13-16) forecast
is 130% higher than Padini’s, both stocks are trading at the same 10x FY16 P/E.
This indicates that Bonia has been significantly mispriced.
We initiate coverage on Bonia with an Add recommendation and target price of
RM8.11, based on 19.3x CY15 P/E. Our valuation was derived from a 20%
premium over our target market P/E of 16.1x, due to the relatively higher
earnings growth trajectory of Bonia compared to the market. In our opinion,
there is potential 62% upside to Bonia’s current share price. We advise
investors to accumulate the stock.

Posted by jackson87 > 2014-04-09 19:48 | Report Abuse

Johnnycash
Thanks for sharing it
Let kill in this counter sharply
So that we can have a sharp gain from this counter
Bonia go go go~

Lim are u interested?
Sell ur aeon buy this la
Kekekkekekke

Posted by johnny cash > 2014-04-09 19:49 | Report Abuse

Figure 25: sector comparison
Company
Bloomberg
Ticker Price
Market
Cap
(RM) (US$ m) CY2014 CY2015 CY2014 CY2015 CY2014 CY2015 CY2013 CY2014 CY2015 CY2014 CY2015 CY2014 CY2015
Bonia Corp Bhd BON MK 4.96 311.2 34.2 42.0 14.5 11.8 2.6 2.2 17.9% 21.0% 22.0% 8.8 10.5 1.8% 2.1%
Padini Holdings Bhd PAD MK 2.00 403.3 15.4 17.7 13.0 11.3 3.1 2.9 24.3% 25.1% 26.5% 11.2 12.1 5.6% 6.0%
Parkson Holdings Bhd PKS MK 2.82 942.1 16.7 18.1 16.9 15.5 1.1 1.1 8.2% 6.1% 6.2% 9.8 11.7 3.5% 4.2%
Aeon Co (M) Bhd AEON MK 15.4 1,671.3 73.0 79.3 21.1 19.4 3.0 2.7 14.8% 14.4% 14.0% 23.6 25.7 1.5% 1.7%
Asia Brands ABB MK 4.02 98.5 46.3 N/A 8.7 N/A 1.3 N/A 14.5% N/A N/A 5.0 N/A 1.2% N/A

Posted by johnny cash > 2014-04-09 19:52 | Report Abuse

TARGET 8.11 LO

Posted by johnny cash > 2014-04-09 19:54 | Report Abuse

ROCKET up lo

Posted by johnny cash > 2014-04-09 20:03 |

Post removed.Why?

Posted by tanyuethan > 2014-04-09 20:40 | Report Abuse

wat is P/E?

Posted by valuemaster > 2014-04-09 21:50 | Report Abuse

stupid cimb, simply value at 8.11, pe 19x, ask them dream on la

Posted by johnny cash > 2014-04-09 21:54 | Report Abuse

valuemaster is it to high?

Posted by acdc > 2014-04-09 23:13 | Report Abuse

Tomorrow will continue to move forward. 8 is not a dream

Posted by asamlaksa > 2014-04-10 00:41 | Report Abuse

3优势点亮前景　宝利股价飆涨

（吉隆坡9日讯）强劲的盈利表现、更大的业务版图、以及在皮革產品市场的优势，是分析员看好宝利机构（BONIA，9288，主板消费股）的3大利好因素，因此將其目標价格从之前的4.50令吉，调高至5.40令吉。

宝利机构在本周急速飆升，尤其是今天的涨势更为凌厉，相信是因为分析员看好该公司前景，从而刺激该股在今天的走势。

上周五，宝利机构以4.40令吉闭市，成交量只有1000股；但是，本周一和周二，该股开始受到投资者青睞，成交量分別增至10万4800股和37万3700股，分別以4.60令吉和4.73令吉掛收，本周首两个交易日涨33仙或7.5%。

今天，该股在投资者追捧下，不但交易量激增，股价也飆涨。

虽然该股在今天以4.66令吉低开，並进一步走跌至4.65令吉全天最低价位；但，隨后扭转跌势，而且节节攀升，盘中一度升至最高的5.20令吉，最终更以5.15令吉掛收，全天起42令吉或8.88%，是全场第5大上升股，成交量为153万6500股。

大马研究分析员指出，宝利机构是大马较为便宜的消费股之一，除了拥有强大的品牌知名度和盈利潜力，其估值也十分吸引。

同时，宝利机构在大马皮革製品市场中，几乎处在垄断的地位。

与巴迪尼控股（PADINI，7052，主板消费股）比较，分析员认为，巴迪尼控股面对来自优衣库和H&M等，中端服装领域市场的激烈竞爭；而宝利机构的竞爭者大多数是国际顶级品牌，如意大利皮革品牌Furla和美国配饰时尚品牌寇驰（Coach），这些產品的价格往往比宝利机构的高档品牌（宝利和Braun Buffel）高出40%至50%。

在大马市场中，该分析员称，宝利机构2014財政年上半年（截至去年12月31日止）的同店销售成长（SSSG）达到6%的正面增长，而巴迪尼控股则在同一时期蒙受负成长，其概念商店和品牌专卖店的同店销售分別下滑0.3%和4%。

拓展业务版图

此外，隨著宝利机构强大的盈利支撑和拓展业务版图，分析员预测，该公司未来3年的每股盈利年复合成长率（CAGR）为35%，高於巴迪尼控股的10%。

分析员说，宝利机构管理层对海外扩张採取谨慎的做法，以减轻在酝酿期的损失，它的主要市场仍然在大马、新加坡、越南和印尼地区。

不过，该公司仍不断地寻求亚洲有潜力的新市场。

据了解，宝利机构可能分拆旗下的其中一项业务，分析员认为，此举动可以释放相关业务的价值。

一直以来，大马研究分析员对於宝利机构的估值预测较为保守，但与该公司管理层会面后，他对该公司的增长策略更为清晰，使到他调整宝利机构的本益比估值。

按2014財政年预测，分析员料该股可达到15倍的本益比，高於同是消费股巨头--巴迪尼控股的12倍本益比。

另外，宝利机构的机构投资者持股比重提高至40%（包括进行长期投资的私募基金--CREDO企业持有7%），高於巴迪尼控股的机构投资者持股比重36%。

因此，大马研究重申该股「买进」投资评级，並在调整其本益比后，將该股的目標价从4.50令吉，上调至5.40令吉。

Posted by acdc > 2014-04-10 07:16 | Report Abuse

Today up another 25 sen to reach 5.40 ..can or cannot ?

Posted by johnny cash > 2014-04-10 08:00 | Report Abuse

if GST is a negative to this counter,,maybe can reach 6.. i think 6.50

Posted by johnny cash > 2014-04-10 08:01 | Report Abuse

6 or 6.50

Posted by acdc > 2014-04-10 08:48 | Report Abuse

Gst ? Got relation with stock price ?

Posted by excelyou > 2014-04-10 09:42 | Report Abuse

cimb gave TP RM8.00

Posted by excelyou > 2014-04-10 09:42 | Report Abuse

60% up to go

Posted by johnny cash > 2014-04-10 12:34 | Report Abuse

this is a consumer stock,,,so GST sucks their earnings

Posted by alphajack > 2014-04-10 17:22 | Report Abuse

Bonia lai liao, TP 8.00 by end of the year. everyone please pump in money, trust me I am an investment banker (I have no direct interests with CIMB) ALL PIKERS COME ENTER BONIA THIS IS A VERY STRONG COUNTER with backing from strong winning PE firms like Creador. lai lai HUAT AHHHHHHHH

Posted by alphajack > 2014-04-10 17:23 | Report Abuse

Recently another Hedge Fund also bought in a considerable amount in this stock, if someone else can see potential in this company, then it is better for us to go in early. GO IN BEFORE IT HITS RM6. If not that time you cry like me, sohai. I wanted to go in at RM4 a month ago but I had no balls. NOW I RUGI but at least I managed to buy 50k yesterday lai lai lai HUAT AHHHHHHH

Posted by asamlaksa > 2014-04-10 17:35 | Report Abuse

10 April 2014: RM5.37. Bravo!!!

Posted by excelyou > 2014-04-10 18:02 | Report Abuse

PNB BOUGHT AT LEAST 5% SO FAR

Posted by excelyou > 2014-04-10 18:03 | Report Abuse

GST is not an expenses

Posted by excelyou > 2014-04-10 18:06 | Report Abuse

Bonis manafucturing raw material purchase already paying 10% Sales Tax. GST will replace ST and only 6%, thus it will not affect their selling price, but might able to reduce pricing.

Posted by excelyou > 2014-04-10 18:09 | Report Abuse

Braun Buffel, the German designer and maker of premium leather handbags and
accessories with more than 100 years of tradition, a brand will continue boost Bonia revenue.

Posted by excelyou > 2014-04-10 18:13 | Report Abuse

KUALA LUMPUR: Just over a year after expanding its brand portfolio to include rights for Braun Büffel in the Asia-Pacific, homegrown fashion label Bonia Corp Bhd is taking a bigger step abroad by taking a 49% stake in the Germany-based leather goods maker in a deal worth €3.2 million (RM13.1 million).

In an announcement to Bursa Malaysia, Bonia said its 70%-owned subsidiary Jeco Pte Ltd has signed a sales and purchase agreement with Christiane Brunk for the purchase of a 49% equity stake in Braun Verwaltungs-GmbH and Braun GmbH & Co KG (Braun KG) for €980,000 cash.

Brunk, who is the great granddaughter of Braun Büffel founder Johann Braun, is the director and sole shareholder of the companies.

Jeco also entered into a loan receivable sale agreement with several parties to restructure the total debts of €3.15 million owed by Braun KG to Sparkasse Rhein-Nahe, which will be settled through a lump sum of €2.2 million.

Other parties in the loan agreement are Brunk, Braun Büffel Retail GmbH & Co KG, Braun Büffel Retail Management GmbH and Braun Büffel Suisse GmbH.

Jeco also entered into a trademark purchase and transfer agreement with Büffel Markenverwertungs GmbH & KG, Karl-Heinz Braun and Frau Liesel Braun for the purpose of acquiring the Braun Büffel trademark for €20,000 cash.

The entire deal will be funded by internally generated funds.

Essentially the agreements will allow Jeco, which is the brand representative and owns the trademark for Braun Büffel in Asia-Pacific up until June 30, 2034, an opportunity to work closer with Braun KG to help build the brand in Europe, Asia as well as other parts of the world, according to the announcement. Under the agreement, Jeco is now the rights owner of the Braun Büffel trademark in the UAE, the US and Canada.

“The company believes that with the long established brand of Braun Büffel, the Bonia group will be able to further grow its market share and recognition in the Asia-Pacific region and the rest of the world.

“The acquisition is expected to widen earnings base of the Bonia group and this will eventually enhance the company’s shareholders value,” said Bonia.

Posted by excelyou > 2014-04-10 18:13 | Report Abuse

KUALA LUMPUR: Just over a year after expanding its brand portfolio to include rights for Braun Büffel in the Asia-Pacific, homegrown fashion label Bonia Corp Bhd is taking a bigger step abroad by taking a 49% stake in the Germany-based leather goods maker in a deal worth €3.2 million (RM13.1 million).

In an announcement to Bursa Malaysia, Bonia said its 70%-owned subsidiary Jeco Pte Ltd has signed a sales and purchase agreement with Christiane Brunk for the purchase of a 49% equity stake in Braun Verwaltungs-GmbH and Braun GmbH & Co KG (Braun KG) for €980,000 cash.

Brunk, who is the great granddaughter of Braun Büffel founder Johann Braun, is the director and sole shareholder of the companies.

Jeco also entered into a loan receivable sale agreement with several parties to restructure the total debts of €3.15 million owed by Braun KG to Sparkasse Rhein-Nahe, which will be settled through a lump sum of €2.2 million.

Other parties in the loan agreement are Brunk, Braun Büffel Retail GmbH & Co KG, Braun Büffel Retail Management GmbH and Braun Büffel Suisse GmbH.

Jeco also entered into a trademark purchase and transfer agreement with Büffel Markenverwertungs GmbH & KG, Karl-Heinz Braun and Frau Liesel Braun for the purpose of acquiring the Braun Büffel trademark for €20,000 cash.

The entire deal will be funded by internally generated funds.

Essentially the agreements will allow Jeco, which is the brand representative and owns the trademark for Braun Büffel in Asia-Pacific up until June 30, 2034, an opportunity to work closer with Braun KG to help build the brand in Europe, Asia as well as other parts of the world, according to the announcement. Under the agreement, Jeco is now the rights owner of the Braun Büffel trademark in the UAE, the US and Canada.

“The company believes that with the long established brand of Braun Büffel, the Bonia group will be able to further grow its market share and recognition in the Asia-Pacific region and the rest of the world.

“The acquisition is expected to widen earnings base of the Bonia group and this will eventually enhance the company’s shareholders value,” said Bonia.

Posted by acdc > 2014-04-10 22:56 | Report Abuse

Tomorrow new high 5.57

Posted by asamlaksa > 2014-04-11 09:34 | Report Abuse

In bad market sentiment like this it's not easy to find a true fighting champion like BONIA.

Keep calm and Stay invested :)

Posted by siewfu > 2014-04-11 09:35 | Report Abuse

Looks like possible to reach 6

Posted by Hightea > 2014-04-11 12:35 | Report Abuse

Bought at 5.61.. :(

Posted by moneysucker1 > 2014-04-11 16:30 | Report Abuse

Hi guys.. :) bought few lots at 5.18 and still holding. should be able to reach 6 by end of next week cheers~~~

Posted by alphajack > 2014-04-11 17:44 | Report Abuse

7 ringgit within 3 months. Mark my words. LAI LAI HUAT

Posted by 林俊松 > 2014-04-11 17:53 | Report Abuse

Walao, everyday up 1?
I want to buy but not dare.
Sad~
Keep wait but din't in.
=(

Posted by moneysucker1 > 2014-04-11 17:57 | Report Abuse

Cimb tp is actually easily attainable. Rm7.0++ should be it's fair value in mid term. Their sales are still very strong and achievable: )

Posted by alphajack > 2014-04-12 12:57 | Report Abuse

Have been under the radar for so long and now it is time to realize the value. In one month, short term tp with current PE of 16 should be around 6.50. RM8 by the end of the year

Posted by johnny cash > 2014-04-12 13:11 | Report Abuse

http://www.cnbc.com/id/101574024?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=101574024%7CGartman:%20Stay%20out%20of%20stoc


Dennis Gartman: Avoid stocks for a month or more

Posted by johnny cash > 2014-04-12 13:21 | Report Abuse

http://finance.yahoo.com/blogs/talking-numbers/the-correction-is-on--here-s-how-bad-it-s-going-to-get-212313355.html

Posted by johnny cash > 2014-04-12 13:41 | Report Abuse

http://www.smh.com.au/business/markets/wall-street-crash-even-worse-than-1987-is-coming-says-marc-faber-20140411-36gok.html

Posted by alphajack > 2014-04-12 22:23 | Report Abuse

BUY more Bonia next week. The good thing about Bonia is it not so much affected by the tech sell-offs in the NASDAQ, as pointed out by the lowly-educated piker above. Keeping loading up on more BONIAs and avoid tech and high-growth stocks for the moment.

Posted by acdc > 2014-04-13 10:08 | Report Abuse

I was told Ah Chip Co. (Cimb n family) is in the game of bonia ? True or False ?

Cimb report ? An indirect evidence ?!