Quan Fu Gan The current price is based on current sentiments 29/11/2017 22:07
it is sad, but the outlook for school publishing companies is very bleak for next year, due to MOE decision to strictly enforce rule on ' no workbooks' for yr. 1,2,3 students n limit use of workbooks for yr 4,5,6.
many publishers have printed the SJKC workbooks before this was announced in late Sep. (? , no sure actual date, but was in the papers) , for SK, not printed but the turnover will be much reduced.
also, the trend of decreasing sale of ref. n opt. workbooks in retail bookshops past few yrs, due to parents cut down spending here n the higher cost of books, also affect the book publishers.
probably another round of disposal by EPF today. Funny how EPF keep selling Sasbadi after one poor q result. But yet increase its stake in Sapura Energy - a highly geared loss making company, who also reported a poor q result. sabadi that bad?
it makes sense to EPF, to keep Sapura as rising oil prices , will have +ve effect for Sapura n
bcause it own 10.06 % of Sapura Energy (market capitalisation of rm4.8 billion) based on latest ann rpt, which is rm 480 million invested, n Sapura also owes the banks rm17.27 billion debt.
EFP owns 4.53% of Sasbadi (market capitalisation of rm281 million) which is rm12.7 m, not significant to EPF, whc is rebalancing its investment for nxt yr.
This is a summary of what happened to SAS in the past 40 days You may get these info from the SAS wedsite. Have a look at how EPF has continued to disposed this stock.
remember EPF, trying to sell down last yr, but not many buyers ? wonder if this is their strategy to pump,pump..attract new players, dump , to clear some stks ?
they use this tactic v. well in Sapura recently..just a thought,.hope is wrong..
HLBank Research Highlights Sasbadi Holdings - 1QFY18 Results – In Line
Valuation We maintain our HOLD recommendation on the stock to with a lower TP of RM0.62 (from RM0.75 previously) based on 15x revised CY19 EPS of 4.0 sen. We lower our target P/E on the sector by 2x P/E multiple to 15x, as we believe the core business is deteriorating and will face more challenges going forward.
Source: Hong Leong Investment Bank Research - 19 Jan 2018
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Hafid
1,135 posts
Posted by Hafid > 2017-11-30 19:09 | Report Abuse
die lah