Posted by peiyee > 2014-04-18 09:30 | Report Abuse

so fast it reaches affin target price.

Posted by Dong Yer > 2014-04-18 09:58 | Report Abuse

please do up so fast, very very danger ya

Posted by lching > 2014-04-18 10:20 | Report Abuse

walao run up so fast how to chase?

Posted by 3223 > 2014-04-18 10:36 | Report Abuse

This company is doing initial part of construction therefore payment collection safe side and it a lot of solid cash. Cash = King in construction line.

Posted by PeaceOfMind > 2014-04-18 10:55 | Report Abuse

new tp already out lo..

Posted by PeaceOfMind > 2014-04-18 10:56 | Report Abuse

why are you worried? http://www.theedgemalaysia.com/business-news/285720-hot-stock-pintaras-rises-6-on-tp-upgrade.html

Posted by JXRepcoBuffet > 2014-04-18 11:03 | Report Abuse

RHB new TP RM4.60....

Posted by PeaceOfMind > 2014-04-18 11:10 | Report Abuse

dong yer what so danger? pe still reasonable.. strong fundamental...

Posted by peiyee > 2014-04-18 11:17 | Report Abuse

no wonder. thanks peace of mind.

Posted by avant_upstart > 2014-04-18 11:19 | Report Abuse

Conservative average P/E ratio of 7.5 would still bring the price to 4.4

Definite good buy

Posted by Pak Lah > 2014-04-18 13:54 | Report Abuse

Bracoli, aku tak terdaya melakukan apa-apa. Mulut aku sentiasa senyum semenjak minggu lepas. Harap ko pun senyum macam aku.

Posted by Elvin Beh Chun Yen > 2014-04-18 15:33 | Report Abuse

its Friday. lets make it rm4 :)

Posted by Green Tea > 2014-04-18 16:21 | Report Abuse

Time to take some profit? http://gmmoneytree.blogspot.com/2014/04/pintaras-jaya-more-room-for-rally.html

Posted by up_up_up > 2014-04-18 17:17 | Report Abuse

Need guidance from sifu KC

Posted by kcchongnz > 2014-04-18 17:34 | Report Abuse

Posted by up_up_up > Apr 18, 2014 05:17 PM | Report Abuse
Need guidance from sifu KC

I fully agree with your statement below:

Posted by up_up_up > Apr 18, 2014 03:01 PM | Report Abuse
When I read back few articles comment about DSonic falls last two day while watching DSonic shooting up now, I realize there is really no expert in stock market. ;)

Nobody can predict the movement of share price correctly consistently, especially in a short term. That is a undeniable fact. If not there will be many people who get very rich doing so. In the long term, we can only gauge from the fundamentals of its business and make a view about its long term prospect. That is the only thing we have a higher probability, I said probability, of getting it right.

Posted by matrix6050 > 2014-04-18 17:37 | Report Abuse

kcchongnz: you're very likely to get it right for pintaras, may be another dcf calculation? ^^

Posted by KinSoon Kok > 2014-04-18 17:54 | Report Abuse

Can't forgive myself 4missing this1. EPS growth rate, ROE, cash flow all r 2good 2b true. 2late. Miss the flight.

Posted by houseofordos > 2014-04-18 17:57 | Report Abuse

KC what does your updated valuation look like ? Ptaras already doubled their order book valuation wise should be much higher now

Posted by kcchongnz > 2014-04-18 18:36 | Report Abuse

Posted by houseofordos > Apr 18, 2014 05:57 PM | Report Abuse

KC what does your updated valuation look like ? Ptaras already doubled their order book valuation wise should be much higher now


houseofordos, my opinion is expressed in the following thread:

http://klse.i3investor.com/blogs/kcchongnz/46864.jsp

What is yours?

Posted by Firebird2 > 2014-04-18 18:48 | Report Abuse

Thx kcchongnz, very much appreciated.

Posted by Pak Lah > 2014-04-18 18:49 | Report Abuse

Kinsoon Kok, don't regret your own action. Take this positively, learn something from here. Companies with good fundamentals would always react positively upon announcement of newly secured projects or release of analysis by research houses. Their share prices would always continuously move upwards even after days the announcement made. The concept of "sell on news" is only applicable for company with poor management, e.g. Salcon, Azrb to name a few. Pintaras Jaya moved from 2.65 on the 2nd Feb 2014 and closed at 3.95 today, resulting in a gain of whopping 50% within a period of less than 3 months. No counters that include the good ones would continue to go upwards. Time for profit taking? Wait for a retrace to add Pintaras. Good luck folks.

Posted by Pak Lah > 2014-04-18 18:52 | Report Abuse

I would like to express my gratitude to kcchongnz. What a brilliant man!

Posted by 3223 > 2014-04-18 21:58 | Report Abuse

Agree with u Pak Lah

Posted by KinSoon Kok > 2014-04-18 22:13 | Report Abuse

After 1:1 share bonus, the NTA diluted to 1.7. At current price of 3.95 it seems 2expensive. However, since it's a professional firm, and it's asset is the people, we ignore NTA and focus on earning.

Dividing the current EPS 0.33 (after dilution) by 3.95, we get initial rate of reture 8.35%. Sounds good.

Looking at the historical EPS 4the past 5yrs, I get an EPS growth rate of 16.7%pa. Assume it can sustain the same EPS growth rate, the projected EPS 5yrs from now is 0.70. Multiply the projected EPS of 0.70 to average PE for the past 5yrs, which is 6, we get future share price (yr2019) = $4.20

What did i miss? Pls correct me if my study sounds illogical.

Posted by Sapphire > 2014-04-19 01:43 | Report Abuse

div announce 10% soon..

Posted by Sapphire > 2014-04-19 01:54 | Report Abuse

ksl , hupseng and prebhd going up soon..

Posted by kcchongnz > 2014-04-19 05:26 | Report Abuse

Posted by KinSoon Kok > Apr 18, 2014 10:13 PM | Report Abuse
After 1:1 share bonus, the NTA diluted to 1.7. At current price of 3.95 it seems 2expensive. However, since it's a professional firm, and it's asset is the people, we ignore NTA and focus on earning.
Dividing the current EPS 0.33 (after dilution) by 3.95, we get initial rate of reture 8.35%. Sounds good.
Looking at the historical EPS 4the past 5yrs, I get an EPS growth rate of 16.7%pa. Assume it can sustain the same EPS growth rate, the projected EPS 5yrs from now is 0.70. Multiply the projected EPS of 0.70 to average PE for the past 5yrs, which is 6, we get future share price (yr2019) = $4.20
What did i miss? Pls correct me if my study sounds illogical.

Your reasoning is fundamentally sound. Yes, valuation of Pintaras should be based on earnings, not asset. The assets in its balance sheet does not include its growth assets.

Do you think a PE ratio of 6 is reasonable, or a little too low for Pintaras in view of its high margin, ROE, ROIC, dividend, cash flows etc? And also its high cash level? And also the bullish prospect of the construction industry in the next few years?

My opinion of Pintaras fair PE ratio is as followed link:

http://klse.i3investor.com/blogs/kcchongnz/46422.jsp

Posted by KinSoon Kok > 2014-04-19 09:49 | Report Abuse

TQ, Sir. Will refine my calculation.

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

Tq for info

Posted by KinSoon Kok > 2014-04-19 11:25 | Report Abuse

Dear kcchongnz,

Does Katsenelson’s Absolute PE applicable to all categories of stocks?

Take GAB as an example. It's EPS growth rate is 11.7% for the past 10yrs. The P/E at the chart corresponding to the growth rate is 15.6. Adding Div yeild of 4.8%, the basic P/E = 20.4. Applying 10% discount to business risk, financial risk & earning visibility we get P/E = 27.15. Intrinsic value = EPS (0.72) * 27.15 = $19.5. GAB share price droped from the peak value of $21 to $14 & doesn't show any sign of recovery.

What's wrong??????

Posted by KinSoon Kok > 2014-04-19 11:50 | Report Abuse

If we apply Lynch's PEG ( PE/ EPS growth rate) we get 19/ 11.7 = 1.15 > 1. We can't deny tat the growth rate can't support the high PE. This method seems 2b contradictory to Katsenelson's PE method. Pls advice.

Posted by kcchongnz > 2014-04-19 12:04 | Report Abuse

KinSoon Kok,

You don't seem to understand that valuation is an art, and not a maths or science.

Posted by ksng0307 > 2014-04-20 22:34 | Report Abuse

kcchongnz, i am using the PE of 6 too because that is their actual average PE, but i m using a projected eps growth rate of 15%, just wonder how u got 16.7%, i got it more, maybe i am wrong somewhere, hope to learn more from u. (I only started trading for 2 years, still consider newbies)

Posted by kcchongnz > 2014-04-21 03:02 | Report Abuse

Posted by ksng0307 > Apr 20, 2014 10:34 PM | Report Abuse

kcchongnz, i am using the PE of 6 too because that is their actual average PE, but i m using a projected eps growth rate of 15%, just wonder how u got 16.7%, i got it more, maybe i am wrong somewhere, hope to learn more from u. (I only started trading for 2 years, still consider newbies)

Finance and investment is an art, far away as a science. It is the judgement which is important. This can be achieved from some education through reading widely, experience and practice.

Posted by LATO' SELI > 2014-04-21 09:25 | Report Abuse

Yahoooooooo

Posted by Ravi Kumar > 2014-04-21 09:31 | Report Abuse

OTB was on the money with the stock. It was about more than 2 weeks ago it was hovering at 3.20. OTB thanks.

Posted by up_up_up > 2014-04-21 09:45 | Report Abuse

Awesome !!!

Posted by Lay Eng Teoh > 2014-04-21 10:16 | Report Abuse

Wow..uptrend..what is the target price to sell?

Posted by jpe15475 > 2014-04-21 22:32 | Report Abuse

keep for long term

Posted by bracoli > 2014-04-22 09:24 | Report Abuse

buyer at 3.98? seller at 4.03? wth..

Posted by PeaceOfMind > 2014-04-22 10:42 | Report Abuse

cheap sales~

Posted by Lay Eng Teoh > 2014-04-22 10:52 | Report Abuse

why today drop so much?

Posted by PeaceOfMind > 2014-04-22 11:24 | Report Abuse

profit taking?

Posted by dalpinia > 2014-04-22 22:39 | Report Abuse

Obviously PT.....tomorrow will up again till Fri.

Posted by Sapphire > 2014-04-23 00:47 | Report Abuse

switch to ksl. hehe...

Posted by Sapphire > 2014-04-23 00:56 | Report Abuse

just want to sell some to buy in ksl..

Posted by AhPek > 2014-04-23 02:05 | Report Abuse

Already peak. Change counter.

Posted by Pak Lah > 2014-04-23 06:44 | Report Abuse

Sign of technical reversal has emerged. Shooting star on Monday followed by a black candle the next day, MACD: 4G1R, Stochastic overbought. Sold half of holdings, add when selling has subsided.

Posted by Lay Eng Teoh > 2014-04-23 09:32 | Report Abuse

what is KSL?

Posted by dragonking > 2014-04-23 09:35 | Report Abuse

ksl is property counter