Posted by kcchongnz > 2013-01-04 07:56 | Report Abuse

I will start with the first one, Kumpulan Fima. Kfima has a few good business, security printing, palm oil plantation, bulking, food and others. Its revenue and profit attributed to shareholders has been growing at a CAGR of 10% and 27% respectively for the last 10 years. It is believed that the business will continue to grow albeit at a slower pace. For the financial year ended 31 March 2012, its revenue and net profit amounts to 470.8 m and 80.9 m respectively. Earnings per share amounts to 30.5 sen. It has a healthy balance sheet with NAB and excess cash per share of RM2.13 and 99 sen respectively as at 30th September 2012. It gives 8 sen dividend last year which amount to a dividend yield of 4.2%, higher than the bank fixed deposit. If we give a PE ratio of 10 to Kfima, its ordinary business would be worth RM3.05 per share. Including the excess cash of 99 sen the intrinsic value of Kfima should be RM4.04. As Kfima is trading at RM1.90, the margin of safety of investing in this company is huge at 47%! I don’t see any problem with the management as they have been creating value for its shareholders all these years.
Oh yeah, I am not promoting the stock here although Kfima forms a big proportion of my portfolio. I know I have been talking about it very often in i3investor. It is because of the conviction I have in this company. Besides sharing is caring, isn’t it? Hehe.

Posted by King Kong73 > 2013-01-04 08:18 | Report Abuse

thh heavy,scomi,sealink

Posted by tptan45 > 2013-01-04 08:25 | Report Abuse

Out of the different businesses Kfima is involved in, which one is the main one? Plantation?

Posted by kcchongnz > 2013-01-04 08:27 | Report Abuse

King Kong73. Thanks for the recommendations. Could you tell us why you think so?

Posted by iafx > 2013-01-04 08:57 | Report Abuse

kfima counter has no liquitity.

Posted by davesingh > 2013-01-04 08:57 | Report Abuse

>>>>>singh is in the house....lets see what are the "sifus" talking about here....

Posted by davesingh > 2013-01-04 08:59 | Report Abuse

iafx Kfima is a good company but i agree with you there is no liquidity...its a small cap with potential to go up... low volume is characteristic of small cap companies and there is where the most money is to be made...but dont but it for too long and also dont think its going up immediately...

Posted by davesingh > 2013-01-04 09:00 | Report Abuse

anyhow thanks kcchongnz for a nice analysis.. u really do put an time into writing for us..

Posted by davesingh > 2013-01-04 09:02 | Report Abuse

i also got hidden gems.....

Posted by kcchongnz > 2013-01-04 09:05 | Report Abuse

iafx, thank you million times for telling us Kfima has no liquidity. do you have something to share here?

Posted by Fat Cat Tim Buddy > 2013-01-04 09:12 | Report Abuse

kfima have no huge liquidity , thats why it is a hidden gem.

but since kcchongnz non stop hard selling on kfima hahaha.. i bet many people already starting to notice this gem.

Posted by iafx > 2013-01-04 09:16 | Report Abuse

small cap with decent div will get small long term investors attention to buy & keep - this is the potential but on the other hand, once goes down (due to broader market or whatsoever), it will dive for a long long long time - especially if the div does not keep up. its stock price only started to raise since 09'09

note since 1996, kfima only resumed its div payout since 2005 (0.02c)

data on paper looks good, but don't bet everything on it. there is enough example of such BS, especially statement like "I thing..." "I believe...", all this is promoter language.

Posted by kcchongnz > 2013-01-04 09:21 | Report Abuse

iafx, thanks million times of your comments. Do you have anything to share? Please please please show us. We are dying waiting for your recommendations.

Posted by davesingh > 2013-01-04 09:32 | Report Abuse

iafx... sorry to say .. this is a public forum for ideas and thoughts for anyone wanting to share.. i think and i believe is english for people who think and have thoughts that they believe in.. We dont represent any institution and we are not paid.. please remember that is why we say i think and i believe.. also... please look up examples of counters similar to this ...... they were all once small, very cheap and did not pay much dividend if any...

Posted by Fat Cat Tim Buddy > 2013-01-04 09:37 | Report Abuse

no need waste time explaining la, just look at his/her posting history, what counter he/she commenting , then you will know what kind of person he/she is.

:p agree?

Posted by iafx > 2013-01-04 09:39 | Report Abuse

there is a million reasons of saying "I xxx ...", juz remember market never follow that personal ego, but it's good to have faith, market needs faith too, sometimes.

there is nothing in the comment said cannot do "I xxx ...", no worry, it's just an opposite view - example, liquitity on one hand is good, on the other can be really bad.

of cos, there are almost 500+- at least, everyday, has no trading in klci, u bet there is a lot of gems like this. Again, there is nothing in the comment suggest gem is bad or so, ya...juz a different view, that's all.

Posted by whkwoon > 2013-01-04 09:48 | Report Abuse

Anybody invest in Kuchai Devp ?? ANY COMMENT

Posted by pathew > 2013-01-04 09:52 | Report Abuse

this year OnG theme will be played... lots of Petronas contracts to be dished out :)

My bets are on SKPetro, SCOMI, ALAM, DAYANG, THHeavy

Posted by kcchongnz > 2013-01-04 13:09 | Report Abuse

One gem here, icap. At 2.36, it is selling at 19.2% discount to its NAV of 2.92. The hope is that a raider comes in, I don't care WTF, sell all the stocks and liquidate the company and distribute all the money. Close shop. Straight away 19% profit instantly, twice that you can get from the historic return of Bursa in a year. Hei, whose interest you are talking about? Mine of the fund manager's? Killing the goose which lay the golden eggs? No way else to get good return? Anybody?

Posted by wayne1982 > 2013-01-04 13:23 | Report Abuse

Not all company can take NTA as guidance. Better look at its business prospect.

Posted by kcchongnz > 2013-01-04 13:28 | Report Abuse

wayne1982, icap's stocks and cash, not real? Yes, good business prospect is very important. Any company to share?

Posted by stock5678 > 2013-01-04 13:43 | Report Abuse

wondering not seeing below stock in list.
Permaju, Harvest, Tiger, NICorp, HWGB, XOX, TMS and etc

Posted by kcchongnz > 2013-01-04 13:54 | Report Abuse

stock5354, why are those listed by you are gems? Can substantiate?

Posted by davesingh > 2013-01-04 14:51 | Report Abuse

these are my recommendations..........XXXXXXX..... muahahahaha

Posted by davesingh > 2013-01-04 14:52 | Report Abuse

oh sorry cant tell you all la... secret... you all ungrateful...

Posted by reyes430 > 2013-01-04 14:57 | Report Abuse

Wellcal

Net Cash
Debt Free
High ROE
High Div Yield
Positive operation cash flow with free cash flow
Decent Profit Margin

Preliminary check on its financial is good. Anyone free to comment on this counters? Thanks

Posted by kcchongnz > 2013-01-04 15:05 | Report Abuse

reyes430, all those metrics listed are the important ones. Interested to do a thorough financial analysis and a valuation? We can discuss about it.

Posted by reyes430 > 2013-01-04 15:10 | Report Abuse

Alright. need some time coz the coming weekend might not be free. Will share after that.

Posted by Siew Jian Bin > 2013-01-04 15:10 | Report Abuse

What about NAIM (5073), own >30% of Dayang share, with cash and > 2000 acres of landbank in Sarawak plus lot of construction works in hand. If you guys free, can have a look.

Posted by bryan_su > 2013-01-04 15:12 | Report Abuse

yes, naim... but the 13th GE is the issue...

Posted by Siew Jian Bin > 2013-01-04 15:13 | Report Abuse

Landmrk also is another hidden gem for me. Once Treasure Bay in Bintan Island operate, the EPS will increase. With NTA more than RM3.50, RM1 is really a good price. Genting hold more than 30% in this share.

Posted by davesingh > 2013-01-04 15:14 | Report Abuse

tell us more about landmark?????

Posted by davesingh > 2013-01-04 15:15 | Report Abuse

landmark is heard about that too... but its taking forever to move...

Posted by ccy123 > 2013-01-04 15:27 | Report Abuse

FACBIND, YINSON, JOHOTIN, MBSB,

Posted by kcchongnz > 2013-01-04 15:28 | Report Abuse

The catalyst for landmark is that Treasury Bay. Don't know when that thingy going to execute. NTA has no meaning if that thingy not going to be done. If it is carried out, could be a multi-bagger for landmark in the long term.

Naim, anybody give some comments. I have never looked at it before. Taib's counter? Don't like it if it is.

Posted by Siew Jian Bin > 2013-01-04 15:32 | Report Abuse

For Landmark, refurbishment work at The Andaman, Langkawi to be completed soon; Phase 1 Treasure Bay to open in 2013. Earnings irrelevant for now. But, the earning will increase next year if everything is in place. BTW, this is not a fast moving counter, you have to wait it to bear fruit. The fruit shall be harvested in year 2013 after 4 years long waiting time. FACB, MBSB, cold eyes recommended in Nanyang, price is no longer cheap in my opinion.

Posted by sephiroth > 2013-01-04 15:32 | Report Abuse

landmark report losses 9 out of 10 quarters, low revenue

Posted by davesingh > 2013-01-04 15:38 | Report Abuse

yeah landmark is ok i think but never goes up.. better by on the way up... then hold for too long...

Posted by Fat Cat Tim Buddy > 2013-01-04 15:38 | Report Abuse

believe cold eyes recommendation? snake also die ah... lol

Posted by kcchongnz > 2013-01-04 16:03 | Report Abuse

Johore Tin is doing very well after the acquisition of Abel Dairies. Most corporate acquisitions are value destroyers, but for Johore Tin's acquisition of Able Dairies is a rare exception. Margins actually improved and operation efficiencies jumped by leaps and bounds. If you do a discount cash flows analysis, you will see that the present price of RM1.75 provides a high margin of safety.

Posted by Siew Jian Bin > 2013-01-04 16:36 | Report Abuse

I think if you buy the share at the low price and wait, you will ultimately earn money, cold eyes introduce ASAS, Kfima, DKSH, TDM, HuaYang, FACB, Plenitude and Zhulian, mostly provide positive earning if you buy few years back, don't buy when the price is up. We need to think whether the price is right when we buy the share. Just use the method and prinsip, I guess we can earn slow but steady money! =)

Posted by alexliaw > 2013-01-05 01:59 | Report Abuse

PANTECH - Good Dividends (7-8%) and low PE Ratio.

Right industrial - Oil & Gas

Good Luck!

Posted by kcchongnz > 2013-01-05 03:42 | Report Abuse

Pantech? Sure.
It was flying high with its good operation efficiencies in 2009 and 2010 when ROIC was 20%, and an adjusted share price of above RM1.00. It then embarked on huge capital expenses in its new manufacturing plant in Pasir Gudang and margin and ROIC contracted by huge amount, probably because of the expenses on the high new plant. There is clear signs that revenue and profits are improving steadily for the last few quarters. If it can revert back to its old day of revenue, profitability and efficiencies, this stock can explode. The market price of 69 sen (ttm Pe of 7.2 and TEV/Ebit 0f 6.3) is undemanding considering its potential growth. No issue in its balance sheet. Cash flows not too good last year mainly because the capital expenses but I am sure it is improving. Still give good dividend yield.

Posted by alexliaw > 2013-01-05 04:24 | Report Abuse

Fitters also a good bet.
Cash rich and expecting corporate deal.

Posted by kcchongnz > 2013-01-05 05:05 | Report Abuse

alexliaw, thanks for the information. I thought Fitters is good too but haven't analysed it before. Could you elaborate and if possible, with some numbers and its business moat, management efficiencies etc? Or somebody else?

Posted by moven00 > 2013-01-05 07:00 | Report Abuse

Kcchong, I'm keeping my finger cross in Cepat.

Use to be a speculative shares, but now with the change of management, they are more prudent company.

MHC management team has taken over since 2005 if I'm not mistaken. And Cepat do have its sunshine days especially in 2008-2011 when the eps and profit increase double fold every year.

With the fear and bad news in palm oil, it represent an opportunity to buy into this palm oil company.
One of the most difficult thing to do is to identify good and undervalue company. Then after you have identify it, are you discipline enough to continuously buy and keep this counter for long run?
I experienced it first hand as recent as yesterday. I sold half of my PPB seeing it going up. I have collected it during its recent deep.

Posted by skyland > 2013-01-05 08:16 | Report Abuse

menang buy & hold

Posted by King Kong73 > 2013-01-05 08:31 | Report Abuse

thheavy,scomi,sealink...all oil n gas related counter with good order book, making money,strong cash flow and strong mgmt team. Gem bcoz i have made money with all these stocks in 2012 and will continue for 2013. I am not a fa or ta guy...more of talking to their finance and marketing guy type of investors

Posted by kcchongnz > 2013-01-05 08:54 | Report Abuse

skyland, why menang? Nanti kalah how? Please share with us your reasons and analysis, if any.

Posted by kcchongnz > 2013-01-05 08:59 | Report Abuse

kingkong, thanks you for the recommendations. At least we have some potential counters here. For those who are interested, I suggest you read more about them. Study their annual reports etc before making an informed decision. I always advocate doing your homework before action. Hey you are putting your money at risk man. Btw, all equity investments are risky. The risk of losing money or return not as expected. Just hope that if you have done your homework, bought the good shares recommended, then share what you know with us. I will look at them someday.