Posted by Jolin Lai Chi Pet > 2018-08-17 12:02 | Report Abuse

buy it while cheap................ later above 30 cents

Posted by commonsense > 2019-01-29 12:38 | Report Abuse

Since FY16, the company has only managed to deliver very small profit to its shareholder. 9m18 result only manged to record a profit of RM1.8mil. Even if the company manged to deliver a higher than average profit of RM2.5mil for the full FY18, at the current share price, it would have already been value at almost 30x PE. To think it can deliver a higher profit in FY19 might be a bit of a wishful thinking on the part of some investors especially given the depressing property market at the moment.

If you are looking to diversify your portfolio outside of Sycal Ventures (due to its earnings uncertainties and relatively high valuation) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

Posted by Heng Chai > 2019-03-29 16:58 | Report Abuse

Something brewing. Hehe

Posted by teo2894 > 2019-04-01 09:53 | Report Abuse

Take profit and run

Posted by Investhor > 2019-04-05 19:24 | Report Abuse

https://klse.i3investor.com/blogs/InvesthorsHammer/201175.jsp

Posted by Investhor > 2019-04-05 19:24 | Report Abuse

I believe future trend is good for this company

Posted by Investhor > 2019-04-06 08:02 | Report Abuse

below is Mandarin version of article:

https://klse.i3investor.com/blogs/InvesthorsHammer/201206.jsp

Posted by stncws > 2019-04-06 21:46 | Report Abuse

bursamaster eat lot ?

Posted by BURSAMASTER > 2019-04-06 22:11 | Report Abuse

yes, i took some at 0.25 yesterday

Posted by Furlala > 2019-10-17 13:00 | Report Abuse

Bursamaster, and all, any comment or latest update for this?

Posted by CatchThe Bull > 2020-03-02 17:26 | Report Abuse

If possible stay away from this type of counter.

Posted by thesteward > 2020-04-29 12:46 | Report Abuse

This counter is truely overlooked such a high nta and making good profit trading so cheap .
What a gem

Posted by RedEagle > 2020-05-05 21:40 | Report Abuse

Pity pattern chart

Posted by volks2 > 2020-05-14 14:35 | Report Abuse

Comin now.

Posted by thesteward > 2020-05-14 14:39 | Report Abuse

Don’t miss lo

Posted by jaynetan > 2020-07-13 10:45 | Report Abuse

sycal attracts me.
buying some to try my luck

Posted by thesteward > 2020-07-13 14:47 | Report Abuse

I think will move soon

Posted by jaynetan > 2020-07-14 09:43 | Report Abuse

so, moved

Posted by Peace99 > 2020-07-15 21:50 | Report Abuse

hello, jaynetan, good to see you here! So, looks like this counter will be rewarding just like VSolar!

Posted by jaynetan > 2020-07-16 00:42 | Report Abuse

oh p99 meet you again here.
nice
sycal attracts me.
buying some to try my luck

13/07/2020 10:45 AM

Posted by jaynetan > 2020-07-16 00:45 | Report Abuse

looks like vsolar but much differences , hope it helps me to retire early

Posted by Peace99 > 2020-07-16 10:14 | Report Abuse

Would be nice to retire early and healthy! Just wonder what you think of dolphin international as it is also doing right issues to acquire Uncle Don. Ex-date 23 July. It's quite active trading now.

Posted by jaynetan > 2020-07-16 10:51 | Report Abuse

market active many cash calls. to be cautious , i only prefer minimum risk which is in favor of me and able to shoulder the downside.
i wait see .
in the mean time, i prefer sycal with several self satisfaction reasaons, or shiok sendiri only.
just a laugh

Posted by Peace99 > 2020-07-16 11:44 | Report Abuse

Would you mind to share your reasons for sycal? Just as a reference, as I should do my homework too! Cheers

Posted by jaynetan > 2020-07-17 15:39 | Report Abuse

its proposal
egm 6/8

Posted by Peace99 > 2020-07-17 22:45 | Report Abuse

Thanks, and iIndeed, the fund to be raised will be mainly used in the housing and condo projects which look good to me. I know of this ICPS thing just now and the share price now is about 3-5 sens higher than last week when the price was less than 20sen, so I lose out a bit, but this extra 3-5 sens when spread over the 15 ICPS is just about 0.3 sen/ICPS. With egm on 6 Aug means the ex-date will be soon. Conclusion: I will definitely buy too.

Posted by Peace99 > 2020-07-17 22:48 | Report Abuse

I am hopeful that these ICPS thing will bring the good profit just like the VSolar right issues:)

Posted by jaynetan > 2020-07-17 22:50 | Report Abuse

We met at vsolar
Haha

Posted by jaynetan > 2020-07-20 21:40 | Report Abuse

The rm 20 m subscription of icps by major share holders to be a good catalyst

Posted by sweng88 > 2020-07-20 22:52 | Report Abuse

hi Jaynetan, i understand abt RI, but i still dun understand abt ICPS, can you teach me, i also want to retire earlier thanks

Posted by jaynetan > 2020-07-21 05:13 | Report Abuse

a few types of loan stocks
icps , rcps are two fo them
icps, irredeemable convertible preference shares.

Posted by Peace99 > 2020-07-28 12:44 | Report Abuse

Sweng88 and all, Below is copied from Bursa Announcement. Pls check there for more details.

The Proposed Rights Issue involves the issuance of up to 6,244,866,420 ICPS on the basis of 15 ICPS for 1 Share.

Based on the Conversion Mode, the ICPS can be converted into new Shares at the Conversion Price in the following manner:
(a) by surrendering for cancellation twenty (20) ICPS for conversion into one (1) new Share
(“Conversion Ratio”) (“Conversion Mode 1”); or

(b) by surrendering for cancellation one (1) ICPS together with a cash payment of RM0.19 for one (1) new Share (“Conversion Mode 2”).

Posted by Peace99 > 2020-07-28 12:50 | Report Abuse

Each ICPS costs 1 sen to subscribe.
In short, if you choose Conversion MOde 2, you get 1 share by paying 1sen +19sen=20sen. Now the price is 26sen, so potentially major earning.

Jaynetan, is this the main idea?

Posted by jaynetan > 2020-08-15 06:47 | Report Abuse

Hopefully born at the right time

Posted by jaynetan > 2020-08-27 00:57 | Report Abuse

interesting

Posted by Peace99 > 2020-08-28 16:53 | Report Abuse

Wow, fly, not selling:)

Posted by Peace99 > 2020-08-28 16:54 | Report Abuse

Just managed to login today and nice surprise!!

Posted by jaynetan > 2020-08-28 17:25 | Report Abuse

happyholiday

Posted by Peace99 > 2020-08-29 18:09 | Report Abuse

Happy holidays, RI going well!

Posted by BURSAMASTER > 2020-08-31 10:09 | Report Abuse

https://klse.i3investor.com/blogs/Bursa_Master/2020-08-31-story-h1512603328-COULD_THIS_STOCK_BE_ANOTHER_TAKEOVER_EPISODE_OR_IS_IT_JUST_A_GUESSING_G.jsp

Posted by jaynetan > 2020-08-31 16:36 | Report Abuse

Why not said earlier

Posted by BabyAce > 2020-08-31 17:48 | Report Abuse

This stock actually got potential. Sudden breakout takut. Btw, I'm staying in one of the properties they built, really not bad actually.

Posted by Peace99 > 2020-12-13 10:49 | Report Abuse

Yes, although the icps stuff got postponed. Demand for housing seems moving up....

Posted by Peace99 > 2020-12-13 10:53 | Report Abuse

@BabyAce Thanks for sharing Sycal properties not bad, giving us more confidence to hold.

Posted by maxstore769 > 2020-12-19 08:46 |

Post removed.Why?

Posted by thesteward > 2021-03-18 19:27 | Report Abuse

This co making profits past few years . Nta above 60 sen . Not bad

Posted by Peace99 > 2021-04-01 20:15 | Report Abuse

ICPS called off, see announcement 30 march. It says the Perak project is making" net development proceeds of 24mil"....looks like it can do without the ICPS, that's why called off! Can expect share price up sooner or later?

Posted by Alphawolf > 2021-04-08 21:04 | Report Abuse

Keep dropping, kns!!!

Posted by BigZakar > 2021-07-22 12:03 | Report Abuse

now is time to buy!!!!!!!!!!!!

Posted by BigZakar > 2021-10-21 07:04 | Report Abuse

last call before the rocket launch ..............tp 32cents