if you strip out the solarvest IPO effect. The stock range should be around 0.65 - 0.75 range if full year earnings come in more or less the same as last year. To buy or not depend on how optimistic you are on the business and the its future earnings.
Solarvest market cap is 330m now and chin hin is 430m with 33% stake in the former company. This stock is wayyyy undervalued now based on market valuations fundamental. But weirdly the stock price goes inverse against each other. Any sifu can enlightened why this happen ?
out chinhin and bought solar. chinhin ceo clever as he know chinhin no future, only way is let;s chinhin business aside and concentrate on solar business.
No news, no excitement, no volume to punt or speculate. So just like that cruising along. Maybe nearer to annual report or some big headlines will create movement.
According to Solarvest, Bursa Main Market-listed Chin Hin owns a 45% stake in Solarvest. Upon completion of Solarvest's IPO, Chin Hin's shareholding in Solarvest will be approximately 33.6%.
Bought some for keeping, good price point. Seeing the movement from EPF into large infra player such as Gamuda, IJM, Suncon made me think Chin Hin AAC will be a beneficiary soon as large infra project such as LRT tracks usually favours AAC concrete. Maybe some construction sifu can enlighten this.
Was supposed to wait for audited annual financial report before deciding as this year sure bloody but all time low cannot resist. Hope this is not the wrong choice haha
You trade with margin on this counter sure die very fast. Anyway if you go through their QR there is still gem inside. To me in terms of value it is attractive now
still feel it is undervalued. 1b+ in trading revenues, capability in manufacturing and a substantial stake in solarvest. To be valued at 320m is abit too low in my opinion.
from the 400m, almost 300m of it are banker acceptance. It's a form of short terms borrowings that are common for trading / distribution businesses for the company to purchase inventory and resell them to their customer later on. You need to balance this debt against their accounts receivable and inventory on hand.
Different chin hin counter. That is their property group aka last time Boon Koon. That one also pretty undervalued. Future eps should be better once income from prop dev come online
Looking forward to see stabilization in earnings from core activities while positive growth contribution from solar associate and possible spill over effect from government soon to announce stimulus package. Resumption on infra spending at west malaysia could also benefit them.
Oh boy, suncon and both malayan cement revenue is down. Meaning most likely Chin Hin revenue will also be down.
Also increase in cement price actually has negative effect on Chin Hin as they deals in concrete and the main raw material is cement. An increase in cement price will mean increase in cost and impact towards bottom line.
Most likely this year result is not good. The optimistic part is that most construction counter see better result FY2020 as infra spending resume and possible stimulus action by gov.
Not sure whether gov confirmation on the go ahead for East Coast Rail Link (ECRL), Mass Rapid Transit Line 2 (MRT2) would benefit or not. But at least we got confirmation PN will go ahead with infrastructure investment in the country.
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....
newbie128
233 posts
Posted by newbie128 > 2019-11-27 15:25 | Report Abuse
if you strip out the solarvest IPO effect. The stock range should be around 0.65 - 0.75 range if full year earnings come in more or less the same as last year. To buy or not depend on how optimistic you are on the business and the its future earnings.