Posted by jester > 2015-10-13 14:34 | Report Abuse

Hi OTB, thanks for the clarification. Let the KESM management have a thought about it. I also think increasing the liquidity of the stock will unlocked the value of this stock to a certain extent. Surely the management also benefits from this exercise should they decided to do just that.

Posted by ChasingDreamz > 2015-10-13 15:06 | Report Abuse

Mr OTB thnx so much!

Posted by bukithot > 2015-10-13 15:15 | Report Abuse

Thanks Mr Ooi for the favour!

Posted by Icon8888 > 2015-10-13 16:08 | Report Abuse

Wow going 16 soon

Genius

Posted by Sebastian Sted Power > 2015-10-13 16:13 | Report Abuse

cannot be the management never think of this. I think the management have their own plan

Posted by paperplane2 > 2015-10-13 16:18 | Report Abuse

16 cominh

Posted by paperplane2 > 2015-10-13 16:18 | Report Abuse

mgt tak kisah, why wanna share with you?

Posted by paperplane2 > 2015-10-13 16:19 | Report Abuse

thanks to OTB

Posted by Icon8888 > 2015-10-13 16:19 | Report Abuse

This stock lacks a compelling story

Don't waste time

Posted by paperplane2 > 2015-10-13 16:19 | Report Abuse

OTB help us here raising concerns. RM16 just matter of time

Posted by Icon8888 > 2015-10-13 16:22 | Report Abuse

I thought u r so smart u can do it alone ? Now u need OTB to help u ?

Then u better be more polite in the future

Posted by paperplane2 > 2015-10-13 16:24 | Report Abuse

I did not ask OTB for help, he kind enough offering help to others ok. Read carefully, son of moxxxx

Posted by paperplane2 > 2015-10-13 16:25 | Report Abuse

Posted by Icon8888 > Oct 13, 2015 04:19 PM | Report Abuse

This stock lacks a compelling story

Don't waste time

You MEANT OTB WASTING TIME??

Posted by yeekarwai88 > 2015-10-13 16:26 | Report Abuse

Ya lo!you claimed yourself are fund manager that control 1billion fund money.
What a huge amount!!!!
ONE BILLION!!!!!!!!
Straight push up to RM16 by yourself lo,still need OTB help you?

Posted by Icon8888 > 2015-10-13 16:29 | Report Abuse

Btw, I thought snake said corporate exercise doesn't create value ?

Now why he begging OTB to approach KESM for share split and bonus ?

Stoopeed snake

Posted by paperplane2 > 2015-10-13 16:31 | Report Abuse

SORRY! TO BE EXACT, I MANAGE 3BIL OF FUND

Posted by Icon8888 > 2015-10-13 16:33 | Report Abuse

I managed 5 billion

Talk everybody can talk

Posted by yeekarwai88 > 2015-10-13 16:33 | Report Abuse

Waaaaaaaa!!!!!!!!
3 BILLION fund.
Then can push up to RM50 by yourself.

Posted by yeekarwai88 > 2015-10-13 16:34 | Report Abuse

I managed the world.
Hihihi.

Posted by jester > 2015-10-13 16:36 | Report Abuse

Hi paperplane, yus management tak kisah. But if they announce bonus issue, the share price shoot up. Won't it benefit them then?

Posted by Icon8888 > 2015-10-13 16:40 | Report Abuse

U r right jester

The snake is stoopeed he can't even understand simple logic

Posted by Sebastian Sted Power > 2015-10-13 16:51 | Report Abuse

3 Billion fund but when kesm drop 3cents then scare liao

Hahaha!

Posted by lcth8888 > 2015-10-13 17:01 | Report Abuse

Maybe he really manage 3 Billion Fund, but in Rupiah

Posted by Jal 贾彬得 > 2015-10-13 17:04 | Report Abuse

MONOPOLY LOL

Posted by Icon8888 > 2015-10-13 18:01 | Report Abuse

Or Vietnamese Dong LOL

Posted by Ken Lim > 2015-10-13 18:20 | Report Abuse

Kesm form a doji
Scare scare

Posted by paperplane2 > 2015-10-13 22:28 | Report Abuse

3 bil nothing lah, compared kwap, EPF, pnb, khazanah, ltat...we need to work hard to get good return.

Posted by Icon8888 > 2015-10-13 22:29 | Report Abuse

3 billion rupiah is indeed not much

Posted by paperplane2 > 2015-10-13 22:43 | Report Abuse

Haha.

Posted by Springfield > 2015-10-14 20:06 | Report Abuse

16 is possible over 5 year

Posted by paperplane2 > 2015-10-15 01:01 | Report Abuse

I think 2 years

Posted by paperplane2 > 2015-10-15 09:32 | Report Abuse

Blog: V.S Industry, a Very Shining Idol kcchongnz

Oct 15, 2015 08:22 AM | Report Abuse

Posted by paperplane2 > Oct 15, 2015 01:52 AM | Report Abuse
Not just me notify this kcchongnz. OTB, rosmah, etc all identify this stock also. I just want your view on cash flows.
I saw high depreciation, but also high staff benefit. Pro can con here.


High depreciation is because of its high capital requirement in its business. More important, over a period of few years, is there positive FCF? Is its recent high capex justifiable?

The answer seems to tilt towards the affirmative. But still the future is uncertain and unknowable.

The difference between KESM and V.S are:

1) KESM is a net cash company whereas VS is net debt. A safer company to invest in. In investing, and as a "small investor", I care more of downside than the upside.
2) VS appears to earn higher return on capital now. But its cash flow is not pretty. Anybody just brushing off the peril of persistent poor cash flow, in my opinion, doesn't understand it.
3) KESM was cheap when it was selling at RM2.83 a few months ago when it was first written by a course participant of mine. It has gone up by a lot since then. Notice nobody peddles this stock then and now and tell you buy buy buy except some noises? You have to judge by yourself and make your own decision if the price is still cheap.

Always remember, even a good company is not necessary a good investment. It depends on the price. If you have bought Microsoft, one of the greatest companies in the world in early 2000, you may still be losing a substantial amount of money.

Posted by paperplane2 > 2015-10-15 09:32 | Report Abuse

Posted by paperplane2 > Oct 13, 2015 11:23 AM | Report Abuse
kcchong, can help do study on KESM?
I SAID RM16 much achievable they don't trust.
High depreciation is depreciation..........strong cashflow is main thing

One of the course participants of one of my online courses has made a detail fundamental analysis of KESM just a few months ago when it was RM2.83. He knows much more than me about KESM. See if he can help you.

KESM is cash rich which makes it appealing, besides a plausible growth story. But RM16 when it is trading at RM4.27 now?

"When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'" - Charlie Munger

Posted by paperplane2 > 2015-10-15 10:01 | Report Abuse

Even as the macro-economics is challenging, the Group will continue its efforts to further improve
its core competencies in technical, operational and production efficiencies in order to service
existing and new customers for our burn-in and testing services.

Posted by paperplane2 > 2015-10-15 10:19 | Report Abuse

Cash rich. Despite low net profit levels, KESM has been generating healthy operating cash flow, as its net profit is partly discounted by high depreciation costs. With the exception of FY03 and FY04, the group has been in a net cash position since 1997. As at end-April, KESM has a total net cash of MYR46.5m, or net cash per share of MYR1.08.

Posted by paperplane2 > 2015-10-15 11:57 | Report Abuse

Resilient Business

Relative to the industry’s cyclical nature, business operations have been stable and resilient.

Boasting a sturdy track record, all of its full year results have been profitable since listing in

1994. Moving forward, in line with plans to add an additional 5 to 10 testers annually, we

assume a capacity of 105/110/115 testers for FY15/FY16/FY17. This is accompanied by an

average utilisation rate of 80% (currently between 80-85%). Together, we estimate

FY15/FY16/FY17 earnings of RM11.4mn/RM12.5mn/RM14.1mn. This translates into a three

year CAGR of 9.0% between FY15 and FY17.

Posted by sky_sky > 2015-10-15 12:24 | Report Abuse

not fly but further drop...when it going to move up : (

Posted by paperplane2 > 2015-10-15 13:32 | Report Abuse

hehe, yeah! the more I said good, The more it drop, ah ha

Posted by Wondermama > 2015-10-15 13:39 | Report Abuse

Potential + proven results + attention - high price = torpedo.
Now high price and must wait wait consolidate like VS before

Posted by paperplane2 > 2015-10-15 16:17 | Report Abuse

Kchongnz said kesm better than vs.
If vs can return 100%, so will kesm.
To date kesm only 50% over.

Posted by Icon8888 > 2015-10-15 16:35 |

Post removed.Why?

Posted by paperplane2 > 2015-10-15 18:52 | Report Abuse

What did u wrote again icon? Vulgar language again?

Posted by paperplane2 > 2015-10-15 18:52 | Report Abuse

Kesm potentially can move up more than vs as they net cash

Posted by Icon8888 > 2015-10-15 18:53 | Report Abuse

I said have a nice day

Posted by Ooi Teik Bee > 2015-10-15 19:00 | Report Abuse

I do not care it is white cat or black cat, can catch a rat is a good cat.
Please note that the trading volume for KESM is very thin, it is very difficult to move up fast. It is a fact. Unlike VS, there is a Price and Volume breakout.
Growth of VS is higher than KESM, hence the price of VS moved up faster than Kesm.
I have more Kesm than VS, I want to give a fair statement. However, I made more money in VS than Kesm.

Thank you.

Posted by RosmahMansur > 2015-10-15 19:00 | Report Abuse

paperplane is a nuisance in this group. He should be blocked. I urge i3 administrator to permanently block this guy. TQ

Posted by paperplane2 > 2015-10-15 19:04 | Report Abuse

This is personally attack! I am writing views on risk only! What wrong I have? Compared to others only know keep shouting buy, sapu, at least I contributed more construct ively loh!

Posted by Icon8888 > 2015-10-15 19:04 | Report Abuse

Ya ya ya

Posted by paperplane2 > 2015-10-15 19:05 | Report Abuse

U have more kesm or vs, OTB....

Posted by paperplane2 > 2015-10-15 19:06 | Report Abuse

Rosmah, dun talk like u own the forum lah! I giving my view only also can't? What u so damn afraid of? Be cool like OTB loh! If you so damn confident, you should keep buying and ignore me mah. Please be fair to me!