I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!
Latest News Highlights - This is not a buy or sell call lol
SILK Holdings Bhd's subsidiary Jasa Merin (Malaysia) Sdn Bhd is selling a vessel for US$7.92mil (RM25.36mil) cash as part of its replacement plan. SILK said on Thursday Jasa Merin had signed a memorandum of agreement to sell the M/V JM Damai, which is a 5,444 brake horsepower anchor handling vessel, built in 2006. UMW Oil & Gas Corporation Bhd (UMW-OG) has awarded a US$218mil contract to Keppel Corporation Ltd's subsidiary to build a rig vessel as it seeks to expand its drilling operations. It said on Thursday the contract awarded to Keppel FELS Ltd was for the design, engineering and construction of the rig vessel KFELS B Class jack-up rig. Minetech Resources Bhd had on Thursday been issued with an unusual market activity (UMA) query by Bursa Malaysia due to the recent increase in its share price and volume. The quarry services provider’s stock closed Thursday down 2.5 sen to 25.5 sen with some 84 million shares done between 22 sen to 26 sen.
Ya tessa, was v tired catching up with sleep & rest and cny things.. am going to airport now, talk to you tomorrow if delay trip to kl tomorrow morning, else weekend.
MKH Bhd: Don't miss the boat • Exponential earnings growth (3-year CAGR of 31%) driven by property and plantation • Potential listing of plantation operation upon full maturity of oil palm estates will unlock value • Maintain BUY with RM5.40 SOP-derived TP Above the rest. Our recent meeting with the management reinforced our conviction that MKH is on the horizon of a multi-year rerating. Contrary to market expectation of a slowing property market, MKH’s affordable housing projects continue to gain traction among its buyers which are typically genuine homebuyers/upgraders. Its RM890m launch pipeline for FY14 includes the impact of recent cooling measures by the federal government, and is expected to further boost its record high unbilled sales of RM503m (as at Sep13). Meanwhile, cost pressures should be mitigated by its established track record with internal project management expertise and building materials trading arm. Not resting on laurels. Coming from a low base, MKH’s plantation profits will be growing at an astounding 69% CAGR over FY13-16F. Nevertheless, MKH is still seeking more plantation land in Indonesia, potentially emulating the resounding success of its 14.4k fully-planted oil palm estates (16MT/ha FFB yield despite a young age profile of c.4 years). The management is confident of its well-managed estates hitting 30MT/ha yields upon full maturity. In the longer term, MKH may float its plantation operation to unlock value for shareholders. MKH’s current valuation implies its plantation business (>RM1bn market value) is accorded zero value, which is unjustified. High conviction pick. MKH is a rare gem that offers both deep value and strong earnings growth. Its current bargain valuation at 5.5x PE is an attractive entry level given visible, exponential growth potential. The solid earnings delivery will be a strong rerating catalyst as investors start to see value in the stock.-HWANGDBS
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....
Posted by Fortunebull > 2013-12-03 20:12 | Report Abuse
I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!