tag:blogger.com,1999:blog-155065572011-10-20T18:33:31.219+08:00It is not too hard to make money from Bursa Malaysia. There are many undervalued companies that are easy pickings. Just remember not to get involved in the speculative stocks because on the long run, you will lose money. This blog will comment on analysts reports and provide recommendations for everyone to share. Feel free to share your thoughts.Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.comBlogger5941100tag:blogger.com,1999:blog-15506557.post-1167065319526483982006-12-26T11:33:00.000+08:002006-12-26T11:44:19.243+08:00

After 17 months, I have decided to stop blogging. The reason is because I will be setting up and managing a private investment fund in the near future. Since I will be charging a performance fee for the fund, it would be unfair to shareholders of the fund for me to offer my comments for free on the blog. Although I wont be posting anymore, I hope that the chatbox can be a useful place for

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com54tag:blogger.com,1999:blog-15506557.post-1167044135912344612006-12-25T18:52:00.000+08:002006-12-26T00:57:26.510+08:00

The Investssmart portfolio rose by 0.68% for the week, outperforming the KLCI that lost 0.88%. The outperformance was largely due to the sharp contra gains from MAXIS-CB during the week. During the panic sale on Wednesday which is due to the sharp decline in Thai stocks, I managed to purchase some MAXIS-CB at 57c. At that price, it was trading at just about 2% premium based on MAXIS share price

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com6tag:blogger.com,1999:blog-15506557.post-1166885179051504402006-12-23T22:33:00.000+08:002006-12-24T14:37:56.500+08:00

KFC is the franchise holder of Kentucky Fried Chicken restaurant chain in Malaysia, Singapore and Brunei. With over 350 outlets, it is the largest fast food restaurant chain in Malaysia. It is almost a fully integrated player with its poultry division involved in breeding and hatching operations, poultry processing as well as feed milling operations. It also owns the Ayamas retail outlets and

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1166405607767960262006-12-18T08:59:00.000+08:002006-12-18T23:07:53.183+08:00

The Investssmart portfolio decline by 0.32% for the week but still outperformed the KLCI which lost 0.84% and the Second Board Index that dropped even more. Despite rising at a lower rate compared to the KLCI, the Second Board Index somehow managed to drop almost 3x as fast as the KLCI during the week. Judging from the latest quarterly results, I can assure you that the Malaysian economy is

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1166291846563497622006-12-17T01:09:00.000+08:002006-12-17T01:57:27.046+08:00

DJ MARKET TALK:PPB,Wilmar Will Form 'Compelling Union'-Citi - 2006-12-15 02:39:00.00240 GMT [Dow Jones] STOCK CALL: Planned merger of PPB Oil Palms (6823.KU) and Wilmar (F34.SG) will form "a compelling union", says Citigroup; says enlarged entity will be an integrated agribusiness group with operations in most major markets, and will be a leading processor of edible oils in China and one of top

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1165775195334258212006-12-11T02:08:00.000+08:002006-12-11T09:25:01.526+08:00

The Investssmart portfolio rose 1.14% for the week, underperforming the KLCI which gained 1.71%. However, it was still better than the 2nd Board Index that gained just 0.71%. The number of losers often outnumber that of gainers despite the rise in the KLCI as it continues to outperform the Emas and 2nd Board Index. In a bullish environment, this is not supposed to happen. Small caps in Malaysia

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1165541464095107832006-12-08T08:56:00.000+08:002006-12-08T11:32:53.750+08:00

DJ MARKET TALK: S&P Ups Maybulk To Strong Buy From Sell - 2006-12-08 00:28:00.00028 GMT [Dow Jones] STOCK CALL: S&P Equity Research ups Malaysian Bulk Carriers (5077.KU) to Strong Buy from Sell, ups target to MYR3.70 vs MYR2.34 after 3Q06 net profit came in 30% above expectations; ups FY06 forecast by 13% to MYR273.1 million, FY07 forecast by 24% to MYR282.7 million on stronger-than-expected dry

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com3tag:blogger.com,1999:blog-15506557.post-1165203544542566082006-12-04T11:04:00.000+08:002006-12-04T12:30:31.163+08:00

The Investssmart portfolio rose 3.33% for the week, outperforming the KLCI which gained 1.86%. The top gainers during the week were ORIENT, which released a strong quarterly result, and LITRAK, which rose on the announcement that its LDP concession will be allowed a toll hike in January 2007. Over the week, all the remaining counters in the portfolio rose except for MAXIS, which had risen sharply

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1164762114992798242006-11-29T08:28:00.000+08:002006-11-29T09:01:55.276+08:00

ORIENT posted a superb quarterly result with EPS at 23.8c. Earnings were impressive across all its segments. The automotive segment flourished despite the poor market condition in Malaysia and this is mainly because of ORIENT's impressive sales in Singapore. According to its latest quarterly report, ORIENT expects its automobile retailing in Singapore to perform at current level. This is likely

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1164759977351010392006-11-29T08:01:00.000+08:002006-11-29T08:26:17.753+08:00

There is nothing to shout about LITRAK's latest quarterly result since it is very much similar to that in the previous quarter as well as the corresponding quarter last year. There was hardly any growth in earnings although revenue grew a little and much of this can be attributed to the higher losses at its associate, SPRINT, and the increasing interest rates.Its half year EPS stood at 7.48c.

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1164676075228829502006-11-28T08:39:00.000+08:002006-11-28T09:07:55.790+08:00

TALIWRK's latest quarterly result is very much similar to that in the previous quarter if we exclude the exceptional item in the previous quarter. On an annualised basis, EPS would be about 10c, translating to a PE of about 17x. However, unlike in 2005, there is no contribution from the construction segment as the construction of water supply works was completed in early 2006.TALIWRK has secured

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1164472604359235272006-11-26T12:32:00.000+08:002006-11-26T22:27:57.663+08:00

The Investssmart portfolio rose 3.34% for the week, outperforming the KLCI which gained 1.89%. The KLCI is now at 1060.43, its highest in a long time. On the other hand the Second Board Index is still hovering at about 90 points. It does not seem to be able to outperform even as the KLCI surges. Instead of small caps, punters seem to have preference for the more volatile call warrants. Over the

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com2tag:blogger.com,1999:blog-15506557.post-1164452579101574572006-11-25T18:26:00.000+08:002006-11-25T19:02:59.146+08:00

After two quarters of very ordinary results, PPB came back with a bang, thanks to the turnaround in its sugar refining business. The sugar refining segment, which contributed 15% of its profit before tax in 2005, made slight losses in the first half of 2006. However, in the latest quarter, it posted an impressive profit of $72m, which turned out to be 29% of the quarter's profit before tax.

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com3tag:blogger.com,1999:blog-15506557.post-1164245888890506862006-11-23T08:56:00.000+08:002006-11-23T09:38:09.186+08:00

Except for its Indonesian operation, which is still in its infancy, MAXIS fired on all cylinders this quarter. Revenue and profit before tax grew by 4.5% and 3.7% q-o-q, respectively. The major contributor to its profits is still the mobile phone operations in Malaysia. The number of suscribers grew by 4-5% compared to the previous quarter but most importantly, ARPU held up well. Its India

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1164184358352668662006-11-22T15:13:00.000+08:002006-11-22T17:28:14.943+08:00

DJ MARKET TALK: EONCAP Keeps Buy On Malaysian Bulk22/11/2006 07:21:00 AM0722 GMT [Dow Jones] STOCK CALL: EONCAP Research keeps Buy on Malaysian Bulk Carriers (5077.KU), or Maybulk, with target price between MYR3 and MYR3.15/share. "We believe earnings will be seasonally stronger in FY07 than in 2H06 as bulk rates average levels are 30% above rates prevalent over 2H05." Adds tanker rates have

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1164125994235630892006-11-21T23:20:00.000+08:002006-11-22T00:19:54.536+08:00

MAYBULK posted another commendable quarterly result with EPS very similar to that in the previous two quarters. EPS for the first 9 months of 2006 is 25.97c. Should it post a similar result in the last quarter of the year, which it should easily achieve, EPS for 2006 will be about 35c. Just conservatively rating it at a PE of 10x will value MAYBULK at $3.50, which is about 30% higher than its

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1164092524991076892006-11-21T13:53:00.000+08:002006-11-21T15:25:25.716+08:00

DJ MARKET TALK: S&P Cuts ICP To Hold; Ups Target By 40 Sen21/11/2006 05:08:00 AM0508 GMT [Dow Jones] STOCK CALL: S&P Equity Research cuts Industrial Concrete Products (6829.KU) to Hold from Buy after recent share price strength; raises target price by 40 sen to MYR1.80 after earnings upgrade. 2Q net profit beat expectations on higher-than-expected sales of piles, EBIT margin; thus ups FY07 profit

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1163956842961502552006-11-20T13:07:00.000+08:002006-11-20T19:45:15.496+08:00

The Investssmart portfolio rose another 3.07% for the week, outperforming the KLCI which gained 1.81%. The KLCI is now at 1040.79 and some people are already calling it a bull run. During bull runs, small caps tend to run faster. However, 2nd Board Index only gained 0.91% during the week. In fact, it has underperformed the KLCI for quite some time and I doubt it will change as the economic

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1163922616162570512006-11-19T14:50:00.000+08:002006-11-20T01:21:29.986+08:00

I am sure by now many would have read the latest article by Michael Backman, which was published by TheAge Australia. It is without a doubt the reality that Malaysians should wake up and face. Every Malaysian must read the article because that is the sad truth. According to the article, "Few countries are as good at wasting money". That is the truth.According to the article, "Most Malaysians are

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com4tag:blogger.com,1999:blog-15506557.post-1163906010887137412006-11-19T10:52:00.000+08:002006-11-20T01:05:53.586+08:00

KOSSAN announced a strong quarterly result with revenue and profit growing 22% and 13% q-o-q. However, this is very much expected due to its capacity expansion. Earnings is expected to increase further in the next quarter as another 13 production lines comes into operation. With its 9-month EPS at 17.43c, I would forecast its 2006 EPS to be about 25c.KOSSAN has grown by about 30% for the last few

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1163861878128215292006-11-18T21:36:00.000+08:002006-11-19T01:33:22.543+08:00

MAGNUM reported a less than aspiring quarterly result mainly due to a higher prize payout ratio. With its 9-month EPS of 12.31c, full year EPS would be expected to be about 16c if we do not take into account any potential earnings from disposal of its properties. Based on that and its share price of $2.30, MAGNUM is trading at a PE of 14.4x, which would appear fully valued at a glance. However,

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1163855618336705282006-11-18T20:32:00.000+08:002006-11-19T01:33:57.550+08:00

ICP recorded another sterling quarterly result, confirming that its strong first quarter result was not a one-off event. Revenue and EPS for the first half of 2007 showed improvements of 33% and 77% respectively compared to the first half of 2006. This is largely due to the increased production capacity for its PSC piles manufacturing as well as contributions from its subsidiaries in India and

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1163850739834113832006-11-18T19:22:00.000+08:002006-11-20T01:05:41.513+08:00

IJM's latest quarterly result was very much as expected. Revenue showed an improvement of 12.5% but the growth was mainly due to the consolidation of IJMPLNT, which was previously its plantation associate. EPS however, declined by 14.4% but it is largely because IJM recorded an exceptional gain on disposal in the previous quarter. Not withstanding the exceptional gain, EPS would be similar.As a

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1163337665903865752006-11-12T21:03:00.000+08:002006-11-13T03:17:24.473+08:00

The last few weeks have been quite hectic for me so this portfolio update is for the last 3 weeks commencing from after the Hari Raya break. The Investssmart portfolio rose 3.97% over the last 3 weeks, slightly underperforming the KLCI which gained 4.40% but very much in line with the FBM100 and 2nd Board Index, which gained about 4%. The KLCI staged a strong rally over the weeks as it became so

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com2tag:blogger.com,1999:blog-15506557.post-1163096940186917292006-11-10T02:25:00.000+08:002006-11-10T02:29:01.226+08:00

JTINTER’s latest quarterly result looked disappointing at first glance with revenue and profit declining by about 18% and 20% respectively, compared to the corresponding quarter last year. Some may think that it may be losing out badly in the market but it is not as bad as it seems. For the same period, BAT, the market leader, reported approximately 14% decline in revenue. Its net profit would

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1162972693883244892006-11-08T15:57:00.000+08:002006-11-08T18:54:29.263+08:00

STAR reported a sharp increase in quarterly earnings but that was only due to the sale of a piece of land in Perth. Not withstanding the exceptional item, net profit would have been just $31.5m compared to $40m in the preceding quarter and $38m in the corresponding quarter last year. Revenue has also been stagnant over the quarters. As the smaller profit was derived from the same revenue, it

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1162303842782523252006-11-02T09:55:00.000+08:002006-11-02T13:40:31.920+08:00

MPHB is most widely known for its 40% stake MAGNUM. In recent times, investors are starting to warm up towards MAGNUM but the same cannot be said about MPHB. Since the quarter ended 30/06/06, MAGNUM has rose from about $1.90 to $2.30. On the other hand, MPHB is still stagnant at 85-90c. Besides, the 40% stake in MAGNUM, MPHB also owns about 230m shares in SARAWAK and the Menara Multi Purpose

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1162346824413574642006-11-01T09:47:00.000+08:002006-11-01T10:07:05.176+08:00

DJ MARKET TALK:Pos May Surge To MYR5.50; MYR1.50 Cash Return - 2006-11-01 00:24:00.00825 [Dow Jones] Pos Malaysia (4634.KU) likely to surge past record high of MYR5.05, possibly test MYR5.50 psychological resistance on requotation today; company proposes MYR1.50/share cash return to shareholders, which much more than MYR1.20/share expected by market. "It's (a) generous (payout) and the share

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1161795345331491712006-10-26T00:27:00.000+08:002006-10-26T01:45:39.130+08:00

This week, the Investssmart portfolio rose 0.37%, outperforming the KLCI which lost 0.44%. The KLCI failed to rally further despite the strong performance by the Dow Jones and STI during in the week. At the time of writing, STI has breached past the 2700 mark, ending the day at a record high. The Dow has risen beyond the 12000 barrier. Such is the strong economic conditions worldwide and I am

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1161789709008814512006-10-25T23:09:00.000+08:002006-10-26T00:16:51.746+08:00

At a glance, DIGI's latest quarterly result may seem to have deteriorated compared to the previous quarter but earnings was lower only because of higher depreciation cost, which does not actually affect its operating cash flow. During the current quarter, depreciation was $170m, an increase of $35m from the previous quarter. Although EPS dropped by about 9%, revenue and EBITDA both increased by

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1161548570973059032006-10-23T04:12:00.000+08:002006-10-23T04:22:51.020+08:00

NCB produced another good quarterly result, reporting an EPS of 5.4c, which is a slight improvement compared to the corresponding quarter last year. However, earnings for the current quarter was impacted by the one-off payment made by the haulage subsidiary for its drivers' rationalisation scheme of $8.4m. Notwithstanding the one-off payment, EPS would have been comparable to the excellent EPS of

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1161309944834200882006-10-20T09:56:00.000+08:002006-10-20T11:48:01.106+08:00

PBBANK as usual produced a spectacular set of result. Revenue grew by almost 18% compared to the preceding quarter. Although earnings showed a slight dip, it has to be noted that the previous quarterly result included an exceptional gain of $22m whereas the current quarter result included a specific allowance of $12m. Notwithstanding the one-off events, profit before tax actually grew by about

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1161022484884622502006-10-17T02:08:00.000+08:002006-10-17T05:15:00.883+08:00

This week, the Investssmart portfolio rose by a significant 2.61%, outperforming the KLCI which gained 1.29%. The market seemed to start turning bullish with the increase of trading volume in speculative counters but it is important to note that there has been little fundamental change in the country’s economic condition. The leaders are still more concerned with their pocket than the nation as

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1160635032140720352006-10-12T14:13:00.000+08:002006-10-13T01:32:29.833+08:00

In the latest report by OSK today, it upgraded MAYBULK's target price by 10c to $3. Some of the comments extracted from the report are as follows:- The Baltic Dry Index (BDI) remains surprisingly strong outperforming earlier doomsday prophecies that excess vessel capacity would lead to its collapse this year.- Looking forward to more pleasant surprises. Given our conservative forecast for Maybulk

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1160327603035903892006-10-09T00:49:00.000+08:002006-10-09T01:17:12.256+08:00

This week, the Investssmart portfolio was stagnant, thus, underperforming the KLCI which gained 0.35%. The KLCI rose to its highest level in 6.5 years but the optimism is hardly felt in the market. The rise in the indices only reflects the performance of the laggard blue chips like TENAGA and COMMERZ. The broader market is generally weak and it is not expected to change course with the poor

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com3tag:blogger.com,1999:blog-15506557.post-1160306306520010262006-10-08T18:32:00.000+08:002006-10-08T20:21:37.923+08:00

TANJONG's latest quarterly result was very much below expectations. Earnings declined from 31.5c in the previous quarter to just 19.5c. As a result, it has been under strong selling pressure. Its share price reached a low of $12.30 recently, which is a far cry from its one year high of $15.60. Have the fundamentals of the company changed so much to deserve such a sell-off? An observation of the

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1159726848826858032006-10-02T02:08:00.000+08:002006-10-03T09:25:18.056+08:00

This week, the Investssmart portfolio gained 0.48%, thus, outperforming the KLCI which gained 0.24%. On the other hand, the Second Board Index dipped sharply, losing 0.79%. Compared to other markets, Bursa Malaysia is still very much a laggard despite strong rises over the last few weeks. Oil prices have remained low, which is good for equities except for those oil-related counters such as

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1159517403255422762006-09-29T15:41:00.000+08:002006-09-29T16:10:03.496+08:00

TRONOH's latest quarterly result looked quite good at a glance. I have not done much researchon TRONOH but a quick look on its quarterly report found something disturbing. A section in the report shows:"The Australian tax authority had issued a notice of assessment dated 23 May 2003 and subsequently amended its assessment on 7 February 2006 to Golden Solitaire (Australia) B.V. (“GSA”), an

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com3tag:blogger.com,1999:blog-15506557.post-1159286345333930662006-09-26T23:27:00.000+08:002006-09-27T00:14:40.966+08:00

I came across an article on contrarian investment recently and thought it is a nice article to share. According to Investopedia, the contrarian approach is an investment style that goes against prevailing market trends by buying assets that are performing poorly and selling when they perform well. A contrarian investor believes that the people who say the market is going up do so only when they

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1159120214220177242006-09-24T23:43:00.000+08:002006-09-25T01:53:32.130+08:00

This week, the Investssmart portfolio lost 0.08%, thus, significantly underperforming the KLCI which gained 0.65%. The KLCI benefited from the 5% rise by TENAGA, which is one of the index heavyweights. News reports are saying that the rise was due to funds purchasing the shares because of improved fundamentals. Analysts gave many reasons for the improvement in fundamentals such as the scrapping

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1158767835229388072006-09-20T22:11:00.000+08:002006-09-21T00:07:00.653+08:00

In recent times, YTLPOWR seemed to have increased its amount of shares buyback. On average, it purchased 500000 shares a day, which is equivalent to almost $1m spent each day. For YTLPOWR, $1m is peanuts since it makes near $1b each year. However, 500000 shares a day is quite a significant portion of the number of YTLPOWR shares that are out of the hands of major shareholders. At the moment, the

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com5tag:blogger.com,1999:blog-15506557.post-1158494865406582362006-09-17T20:03:00.000+08:002006-09-17T20:07:45.456+08:00

This week, the Investssmart portfolio lost 0.37%, thus, underperforming the KLCI which gained 0.18%. For the first time in 12 weeks, the Second Board Index, outperformed the KLCI as it benefited from the recovery of speculative stocks like IRIS and MOBIF . A sharp rebound is unlikely as punters fear a plunge in the speculative counters once the SC makes a query. Unlike before, when punters would

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1158311293960560872006-09-15T23:02:00.000+08:002006-09-16T19:16:26.313+08:00

Many would have came across recent articles on the problems faced by the Penang Port due to the IT system upgrade. It has been over two weeks since it surfaced but apparently, it has not been solved. Judging from the complaints by various parties, it seems that Penang Port is not doing enough to overcome the problem, resulting in some shippers diverting vessels to Port Klang. The two ports at

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1158125564290469402006-09-13T13:13:00.000+08:002006-09-13T14:44:26.873+08:00

At the time of writing, all other major Asian indices are on the rise. The Nikkei 225, Shanghai Composite and BSE 30 all rose close to 1%, reflecting the positive sentiment today. The best performer for today at the moment is unsurprisingly our neighbour, Indonesia! In fact, it has been the top performer in the region for the last 1-2 years ever since its president took the initiative to revamp

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com6tag:blogger.com,1999:blog-15506557.post-1158074494467627742006-09-12T22:32:00.002+08:002006-09-13T00:19:49.036+08:00

I have always believed that MAYBULK is grossly undervalued and today, I came across an article on Bloomberg, did some research and found even more reasons for me to increase my stake in MAYBULK. I have included some extracts from the article, which I posted in italics below."China's growing economy, and the demand it's creating for commodities such as steel and coal, is driving the surge in

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com14tag:blogger.com,1999:blog-15506557.post-1157991223678834392006-09-12T00:08:00.000+08:002006-09-12T00:33:39.246+08:00

EUROSP is an export-oriented company involved in furniture manufacturing. Its products are manufactured locally and exported mainly to Europe. Despite its strong earning growth, it has been very much overlooked by investors. It hardly ever made the headlines and I doubt there are any brokers or analysts covering the company. EPS has grown from 3.98c in 2004 to 11.98c in 2005 to 14.46c in 2006.

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com2tag:blogger.com,1999:blog-15506557.post-1157904938333541342006-09-11T00:12:00.000+08:002006-09-11T00:15:38.396+08:00

This week, the Investssmart portfolio performed very much in line with the KLCI which lost 0.35%. The Second Board Index lost another 0.60%, thus, underperforming the KLCI for the 11th consecutive week. It is just amazing how much it has lost over the last few months despite the strong performance in the KLCI. For those who hope for a recovery, I am afraid that the rebound is nowhere to be seen,

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1157701595146217962006-09-08T15:19:00.000+08:002006-09-08T15:46:35.496+08:00

PPB's result for the first half of 2006 is slightly lower than that of 2005 and that is mainly attributed to the high raw sugar price. Sugar refining contributed about 15% of 2005 profits but it has contributed nothing to its 2006 profits so far. However, this could be about to change. CSR, a listed Australian company which is the world's fifth-largest raw sugar producer, warned that a plunge in

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1157680474037348972006-09-08T09:27:00.000+08:002006-09-08T10:28:21.556+08:00

At a glance, TALIWRK's latest quarterly result looked excellent with EPS at 3.73c. However, the earnings included a one-off gain of $4.6m from an associate company. Without the exceptional gain, EPS would have been about 2.5c, translating to an annualised EPS of about 10c. It has to be noted however that earnings for this quarter is likely to be the base case since there was no contribution from

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1157527289410991832006-09-06T14:53:00.000+08:002006-09-06T15:21:29.446+08:00

DJ MARKET TALK: Citi Ups DiGi Target To MYR14; Keeps Buy - 2006-09-06 05:27:00.01327 [Dow Jones] STOCK CALL: Citigroup ups DiGi.Com's (6947.KU) target price to MYR14 vs MYR12.25 as is cheapest telco (P/E FY07 10.4X), thinks discount "unwarranted given attractive growth prospects" of 11.8% EPS CAGR over 3 years, "generous" dividend yield (predicts total 12.9% yield). Raises EPS forecasts for FY06

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com3tag:blogger.com,1999:blog-15506557.post-1157354291477546952006-09-04T15:17:00.000+08:002006-09-04T20:59:41.500+08:00

MTD posted another disappointing quarterly result with EPS at just 2.68c. Based on its annualised EPS and share price of $1.80, it is trading at a PE of 16.8x. A PE of 16.8x would be reasonable for a highway concessionaire with steady revenue but too expensive for a construction company with poor track record like MTD. Should MTD be valued as a highway concessionaire or a construction company?

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com7tag:blogger.com,1999:blog-15506557.post-1157339249027229482006-09-04T10:35:00.000+08:002006-09-04T11:07:29.546+08:00

This week, the Investssmart portfolio underperformed the KLCI significantly, losing 0.08% compared to the KLCI that gained 1.07%. Despite the strong gain by the KLCI, the market was far from bullish. The rise was mostly supported by the rise of only the handful of the index-linked heavyweights. The market condition is better reflected by the Second Board Index which succumbed for the 10th

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com4tag:blogger.com,1999:blog-15506557.post-1157030668662977842006-08-31T20:27:00.000+08:002006-08-31T21:24:29.086+08:00

EKSONS posted a steady quarterly result with EPS at 4.74c, which is similar to the previous year. Some investors are probably disappointed that it did not post strong earnings although plywood prices have risen sharply. However, it has to be noted that prices of plywood started outperforming the rise in log prices in July, which would therefore, be reflected in the next quarterly results. The

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com14tag:blogger.com,1999:blog-15506557.post-1157024990969055412006-08-31T19:32:00.000+08:002006-08-31T20:20:39.780+08:00

Everyone should know that MAMEE is involved is the food industry. Some of its more famous products are Mamee Sllrrrp and Mister Potato. There are quite a few local food manufacturers listed on Bursa Malaysia but what differentiates MAMEE from them is its product branding. Majority foreign-owned companies like NESTLE, DLADY and F&N trade at PEs of at least 15x due to its superior branding and good

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com14tag:blogger.com,1999:blog-15506557.post-1156991336147415752006-08-31T10:22:00.000+08:002006-08-31T10:30:35.316+08:00

LITRAK’s quarterly result was slightly below expectations with EPS coming in at 3.74c. After earning over 4 cps in the last two quarters, earnings would have been expected to stay above 4c. According to management, the lower income is because to the higher loss of SPRINT, which is due to the higher finance cost. On the brighter side, the MRR2 has been reopened in August 2006 and should increase

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1156749770828639432006-08-28T14:58:00.000+08:002006-08-28T15:22:51.186+08:00

Despite posting a strong quarterly result, response towards JOBS shares has been largely muted. Revenue and earnings grew by 27% and 19% compared to the corresponding quarter last year. Compared to 1Q06, revenue and earnings grew by 12% and 9% respectively. In other words, its growth has continued unabated. EPS for the first half of 2006 is 4.63c and with some growth in the second half, EPS for

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1156478763477402072006-08-27T21:34:00.000+08:002006-08-27T21:56:48.140+08:00

DJ MARKET TALK: YTL Corp +4% On FY Results,YTL Power ROS - 2006-08-25 03:46:00.01146 [Dow Jones] YTL Corp (4677.KU) +4% at MYR5.20 after posting 63% on-year rise in 4Q net profit to MYR197.7 million. FY net profit more than doubled to MYR1.39 billion, beating Thomson Financial's consensus forecast of MYR1.08 billion. Also, plan to reward shareholders via renounceable offer for sale (ROS) of

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com3tag:blogger.com,1999:blog-15506557.post-1156685441376891362006-08-27T21:25:00.000+08:002006-08-27T21:30:41.406+08:00

After a strong performance last week, my portfolio underperformed the KLCI, gaining just 0.28% compared to the KLCI that gained 0.90%. The Second Board Index underperformed the KLCI for the ninth consecutive week and by a huge margin. It lost 1.49% despite the KLCI gaining 0.90%. In fact, the sentiment in the market is weak, mainly attributed to the sharp falls in speculative counters like IRIS,

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1156438721481733222006-08-25T00:34:00.000+08:002006-08-25T00:58:41.750+08:00

YTLPOWR posted an excellent quarterly result, which is attributed mainly to the higher contribution from Wessex Water. EPS was an impressive 5.34c compared to 4.41c in the previous quarter. YTLPOWR's profit before tax improved by just $9.4m but its profit after tax increased by $46m. This is because of the lower income tax, which I believe it likely to be due to the deferred tax credit recognised

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1156411092774303182006-08-24T16:34:00.000+08:002006-08-24T17:18:13.486+08:00

PPB posted a reasonable quarterly result, which included an exceptional gain of about $120m from the disposal of its stake in Konsortium Abass. Notwithstanding the exceptional gain, earnings dropped by about 10% compared to the previous corresponding quarter mainly due to the downturn in the sugar refining segment. For the first half of 2006, the segment posted a little loss compared to a $52m

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1156352898510545562006-08-24T00:46:00.000+08:002006-08-24T01:08:19.200+08:00

Similar to KLK, BKAWAN reported a good quarterly results. EPS grew by 13% to 19.23c compared to the corresponding quarter last year. EPS for 2005 was 77.84c and with earnings growth of 13%, EPS for 2006 should be about 88c. Based on its share price of $9.30, BKAWAN is practically trading at a PE of just 10.6x, which should easily make it the cheapest plantation counter on Bursa Malaysia. Is this

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1156351338119834212006-08-24T00:05:00.000+08:002006-08-24T00:42:18.513+08:00

KLK lived up to its expectations, posting an impressive quarterly result. EPS improved by 18% to 15.19c compared to the corresponding quarter last year. This is likely to be due to the sharp increase in rubber prices as well as the increase in FFB production. FFB production increased by about 10% y-o-y and is expected to increase further as more of its young plantations move into their prime age.

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1156348834801457652006-08-23T23:36:00.000+08:002006-08-24T00:00:35.430+08:00

MAGNUM reported a good quarterly result with EPS of 4.6c. Revenue grew by 11% compared to the corresponding quarter last year despite some worries that the World Cup would have affected its sales. Payout ratio also improved compared to the previous quarter. Based on its share price of $2.04 and annualised half year EPS of 8.7c, MAGNUM is trading at a PE of 11.7x. Its net cash position improved to

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1156299259384678392006-08-23T09:55:00.000+08:002006-08-23T10:14:19.433+08:00

DJ MARKET TALK: Maybulk May Fall 2-3%;2Q Net Profit Down 60% - 2006-08-23 00:21:00.00821 [Dow Jones] EARNINGS WATCH: Malaysian Bulk Carriers or Maybulk (5077.KU) may fall 2-3% in knee-jerk reaction to 60% on-year drop in 2Q net profit to MYR70.3 million. Company says weak results due to 16% fall in tanker and 8% fall in dry bulk rates; "while the remaining months of 2006 look positive, the board

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1156270574469320882006-08-23T01:41:00.000+08:002006-08-23T02:16:15.426+08:00

ICP, which is a 66.29%-owned subsidiary of IJM, is involved in the manufacturing of building/construction materials. It has pretensioned spun concrete piles, pretensioned concrete bars, rubber underlay, quarrying, ready made concrete and scaffolding rental businesses. Its businesses started off in Malaysia but it has ventured overseas into India and China. Its overseas ventres have paid off as

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1156263833787752062006-08-22T23:53:00.000+08:002006-08-23T01:37:30.596+08:00

MAYBULK's latest quarterly result showed no effects of the low shipping rates during the quarter. EPS rose slightly compared to the preceding quarter due to the increase of its fleet hire days. In addition to the 5 panamax bulkers purchased in 2005, MAYBULK took delivery of another tanker, which is the first of the four purchased. The remaining three are expected to be delivered in 2007. For the

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1156088763006372032006-08-20T23:39:00.000+08:002006-08-20T23:58:12.236+08:00

This week, my portfolio gained 2.17%, significantly outperforming the KLCI that lost 0.03%. The Second Board Index underperformed the KLCI for the eighth consecutive week, losing a whopping 3.35% during the week. As I have always said, small caps outperform during bull runs but it is likely to underperform at any other times. During the week, 11 of the counters in my portfolio rose, 8 went down

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1156065259447637402006-08-20T16:51:00.000+08:002006-08-20T17:23:03.936+08:00

MNRB posted a reasonable quarterly result, which is an improvement of 90% y-o-y but a drop of 52% when compared to the bumper profit in the preceding quarter. Its reinsurance segment performed up to expectations but it is a surprise that its takaful operations fail to show any profit after recording a small profit in the previous quarter. Insurance companies derive some of its profits from its

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1156010683204040442006-08-20T01:07:00.000+08:002006-08-20T02:11:16.870+08:00

PLENITU posted a steady profit in the fourth quarter, bringing its 2006 EPS to 38.78c. Based on its share price of $1.44, it is trading at a ridiculous PE of 3.7x and a 59% discount to its NAV. The property sector may be softening but it should not be trading at such a low valuation, especially since its NAV is based on valuations that were done mostly in 2000. While property related stocks in

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1155878746833071302006-08-18T15:01:00.000+08:002006-08-18T15:14:51.760+08:00

KOSSAN showed strong growth in earnings for the first time in 6 quarters. EPS improved by 33% y-o-y and 30% q-o-q in tandem with sharp growth in revenue. According to the quarterly report, the growth in revenue is due to the additional 13 production lines commencing operation. Another 13 lines will commence production at the end of the year. EPS for 2006 is expected to be about 24c and it is

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1155878537804190302006-08-18T14:38:00.000+08:002006-08-18T14:45:35.160+08:00

The latest quarterly results by UMW were reasonable despite an unconvincing performance by its automotive division. It is the oil and gas division that is making its mark, contributing about 45% of profits. EPS for the first half of 2006 showed a growth of 33% compared to the previous year. However, it remains to be seen whether UMW can maintain the growth in the second half of the year (2H05).

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1155875820287185412006-08-18T14:19:00.000+08:002006-08-18T14:42:38.640+08:00

SHELL posted a bumper after tax profit of $146m this quarter but it is largely due to its stockholding gain, which amounted to $79m. Not withstanding its stockholding gain, EPS came in at about 22c. Despite its strong result, net gearing increased to $487m compared to $171m in the previous quarter. This is mainly due to its dividend payment of $169m and a sharp increase in receivables and

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1155736975645214122006-08-17T08:45:00.000+08:002006-08-17T08:47:16.916+08:00

IJM posted a sterling quarterly profit of $54.3m, which included an exceptional gain of $9.3m. Not withstanding the exceptional gain, EPS would have been 9.21c, which is a growth of 7% q-0-q and 19% y-o-y. Based on its share price of $5.80, IJM is trading at an annualised PE of 15.7x. At such PE, IJM would appear fully valued. However, it has to be noted that earnings from its plantation

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1155546043757982302006-08-14T16:54:00.000+08:002006-08-15T09:09:19.640+08:00

DJ MARKET TALK: Plantations Shrs Surge;OSK Ups Target Prices - 2006-08-11 02:39:00.01039 [Dow Jones] Plantation stocks up sharply as brokerages begin to raise valuations to reflect anticipated rise in CPO prices. OSK keeps overweight call on sector, convinced palm oil inventory levels set for steep decline, leading to surge in CPO prices; revises average CPO price forecast for 2007 to MYR1,750/

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1155514533637596702006-08-14T08:03:00.000+08:002006-08-14T08:37:51.470+08:00

This week, my portfolio outperformed the KLCI, gaining just 1.59% compared to the KLCI that gained 0.46%. The Second Board Index once again underperformed, losing 1.8% during the week. During challenging times like this, I believe that it would be best to stick with the blue chips as they usually have stronger pricing power and in most circumstances, are able to pass own increase in costs to

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com3tag:blogger.com,1999:blog-15506557.post-1155200853502957152006-08-10T16:47:00.000+08:002006-08-10T17:07:33.553+08:00

JTINTER produced a reasonable quarterly result very much in line with expectations. Revenue and profit remained similar compared to the corresponding quarter in the previous year. Despite the lower sales volume, revenue did not decline as the price hike of cigarettes made up for it. Judging by its half year earnings, JTINTER is expected to repeat its performance last year and record an EPS of

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1155016013287142482006-08-08T13:24:00.000+08:002006-08-08T13:46:53.383+08:00

After a few quarters of disappointing results, MPLANT finally delivered something for its shareholders to cheer about. Earnings improved both q-o-q and y-o-y in tandem with revenue. Provisions for losses seem to be coming to an end after making some hefty ones over the last few quarters. With its current net asset value at $1.54, MPLANT is trading at 1.3-1.4x net asset value, which is closer to

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com3tag:blogger.com,1999:blog-15506557.post-1154877497108105142006-08-06T22:47:00.000+08:002006-08-06T23:18:17.870+08:00

This week, my portfolio outperformed the KLCI, gaining just 0.57% compared to the KLCI that gained 0.35%. The Second Board Index once again underperformed, losing 0.27% during the week. During challenging times like this, I believe that it would be best to stick with the blue chips as they usually have stronger pricing power and in most circumstances, are able to pass own increase in costs to

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1154593456726285972006-08-03T16:22:00.000+08:002006-08-03T16:24:16.770+08:00

The latest quarterly result by TM was disappointing to say the least. EPS was only 12.9c with revenue growing just marginally compared to the preceding quarter. Based on an EPS of 55c and its share price of RM9, TM is valued at a PE of 16x, which is pricey for a telco with little growth. TM’s management is currently boasting its strong growth of overseas subsidiaries, namely PT Excelcomindo and

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1154481761639382312006-08-02T09:16:00.000+08:002006-08-02T12:45:06.373+08:00

DJ MARKET TALK: Oct CPO Faces Resistance At MYR1,668/MT - 2006-08-01 07:54:00.01554 [Dow Jones] Benchmark October CPO futures contract facing mild technical resistance at MYR1,668/ton (high of June 2004), traders say. If barrier successfully breached, chance for contract to extend rally in near term toward next major resistance at MYR1,720/ton (high of mid-May 2004). October last traded +MYR21 at

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1154246697213369852006-07-30T16:01:00.000+08:002006-07-30T16:08:16.513+08:00

This week, my portfolio underperformed the KLCI, gaining just 0.50% compared to the KLCI that gained 1.08%. Despite the solid gain achieved by the KLCI, the Second Board Index rose by just 0.06% during the week. Small caps have been underperforming the blue chips over the last few weeks. However, it has to be noted that the plantation sector pushed the KLCI index substantially while other sectors

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1154078371703701072006-07-28T17:15:00.000+08:002006-07-28T17:40:47.940+08:00

STAR posted a quarterly result which is very much within expectations. EPS dropped compared to the corresponding quarter last year although the net profit increased marginally. This is because of the increase in the number of shares due to the exercise of its warrants last year. Despite the rise in printing costs, STAR managed to contain its operating cost and thus, profit margin remained the

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1153991660099615082006-07-27T16:54:00.000+08:002006-07-27T17:14:20.290+08:00

DJ MARKET TALK: Citi Keeps Buy On IJM; Ups Target To MYR7 - 2006-07-27 06:59:00.01459 [Dow Jones] STOCK CALL: Citigroup keeps Buy call on construction outfit IJM Corp (3336.KU), raises target by 8% to MYR7 to reflect stronger contributions from construction, property arm in India. IJM on track to post 3-year CAGR of 16% with outstanding orderbook of MYR3.6 billion, MYR230 million in unbilled

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1153898014889683682006-07-26T15:04:00.000+08:002006-07-26T15:29:22.433+08:00

DJ MARKET TALK: EON Down 0.4%; VSS Suggests Poor Prospects - 2006-07-26 06:44:00.01444 [Dow Jones] Edaran Otomobil Nasional (4774.KU) down 0.4% at MYR2.36 on concerns over declining Proton car sales. EON says it announced company-wide voluntary separation scheme (VSS) for its 2,500 employees to rationalize ops for greater efficiency to face increasingly challenging auto market. While move not

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com0tag:blogger.com,1999:blog-15506557.post-1153808567176381402006-07-25T13:50:00.000+08:002006-07-25T14:38:02.896+08:00

DJ MARKET TALK: TGOffs +3.7% On 1:2 Bonus, Transfer Nod - 2006-07-25 02:56:00.01056 [Dow Jones] Oil & gas concern Tanjung Offshore (7228.KU), or TGOffs, +3.7% at MYR2.79 in thin volume of 65,000 shares on Securities Commission's approval for its planned 1-for-2 bonus issue, transfer to Main Board; TGOffs Warrants (7228WA.KU) +2.9% at MYR1.80 with 2,900 shares traded. Although fairly illiquid,

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1153668803385718462006-07-23T23:28:00.000+08:002006-07-24T20:13:05.673+08:00

This week, my portfolio outperformed the KLCI, gaining 2.21% compared to the KLCI that gained 1.21%. Despite the gain achieved by the KLCI, the Second Board Index actually dropped during the week as sentiment towards speculative stock plunged. I would advise investors against purchasing these speculative shares in the hope for a rebound. The current volatile market will not be so forgiving and it

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1153462563057987312006-07-21T16:14:00.000+08:002006-07-21T16:28:35.673+08:00

DJ MARKET TALK:Citi Keeps Buy On AirAsia;Cuts Tgt To MYR1.70 - 2006-07-21 03:57:00.01157 [Dow Jones] STOCK CALL: Citigroup keeps buy call on AirAsia (5099.KU) but cuts target price to MYR1.70 from MYR1.98. Believes most of bad news already priced in after 29% drop from April peak. Cuts FY07-08 net profit forecasts by 22%-44% due to expected lower yields, huge A320 aircraft deliveries. Keeps view

Investssmarthttp://www.blogger.com/profile/14888133179822099190noreply@blogger.com1tag:blogger.com,1999:blog-15506557.post-1153469977928217772006-07-21T15:47:00.000+08:002006-07-21T16:19:38.350+08:00

PBBANK reported quarterly results that marginally beat expectations. Despite the poor sentiment surrounding the banking counters as foreign players enter the market, PBBANK proved that it is not losing ground to them. It is important to note that PBBANK is involved mainly in the consumer segment and has less exposure to the investment banking segment, which I believe will be cutthroat business

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DIGI produced another sterling quarterly result, which is at the top end of my forecast of 24-27c. Earnings grew in tandem with revenue both q-o-q and y-o-y. Revenue was 4.9% higher than the previous quarter whereas EPS rose 8.5%. DIGI is experiencing the benefit of economies of scale, as proven by the earnings growth outpacing revenue growth. DIGI has produced growth in both earnings and revenue

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DJ MARKET TALK: Speculative Stks Hammered; May Fall Further - 2006-07-20 07:29:00.01529 [Dow Jones] Speculative issues and stocks usually associated with syndicates sharply lower; Iris (0010.KU) down 29% at 71 sen with 108.7 million shares traded, Poly Tower (7175.KU) down 16.8% at 86.5 sen, Sugar Bun (7036.KU) down 8.6% at 96 sen. "It looks like the syndicates used this morning's knee-jerk

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DJ MARKET TALK: DiGi 2Q Pft Needs To Target At Least MYR116M - 2006-07-20 06:20:00.01420 [Dow Jones] EARNINGS WATCH: DiGi.Com's (6947.KU) 2Q net profit needs to target at least MYR115.7 million to meet Thomson Financial's predicted FY net profit of MYR600.8 million (vs FY05's MYR471 million). But analysts say DiGi likely to outperform as has already beaten expectations for 1Q on annualized basis,

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DJ MARKET TALK: S&P Keeps Eksons At Buy, MYR1.28 Target - 2006-07-18 00:29:00.00829 [Dow Jones] STOCK CALL: S&P Equity Research keeps Eksons (9016.KU) at Buy, ups target price to MYR1.28 from MYR1.07 after factoring in 20 sen planned capital repayment. Keeps FY07 EPS forecast at 19.7 sen but ups FY08 EPS to 22.1 sen (from 20.6 sen) after accounting for profit contribution from Puchong property

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DJ MARKET TALK: Wellcall May Rise 10-15% On Debut - 2006-07-18 00:50:00.00850 [Dow Jones] STOCK CALL: Rubber hose maker Wellcall (7231.KU) expected to rise 10-15% vs IPO price of MYR1 on Second board debut; but poor underlying sentiment may cap stock's rise, says dealer. Public offer of 6 million shares attracted moderate subscription rate of 4.4X. Wellcall's hoses used in 6 main sectors, namely

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DJ MARKET TALK: OSK Downgrades Titan To Sell; MYR1.06 Target - 2006-07-17 03:06:00.01106 [Dow Jones] STOCK CALL: OSK Investment Research downgrades Titan Petrochemicals (5103.KU) to Sell from Neutral; cuts target price to MYR1.06 from MYR1.21 as concerned about margin squeeze. Polyethylene and polypropylene prices relatively flat since 1Q while naphtha prices posted double-digit gains; situation

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DJ MARKET TALK:Top Glove Dn 0.6% Despite Bullish Pft Targets - 2006-07-11 03:34:00.01134 [Dow Jones] Top Glove (7113.KU) down 0.6% at MYR9 in razor thin trade but may attract fresh buying interest; at analyst briefing, company says targets FY06 net profit of MYR81 million, FY07 net profit of MYR113 million vs MYR58.1 million in FY05; profit growth based on production rising to 22 billion gloves

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This week, my portfolio underperformed the KLCI, losing 1.63% compared to the KLCI that lost 1.29%. However, it still easily outperformed the Second Board Index, which plunged on Friday and as a result, lost 3.59% for the week. Speculative stocks were thrashed as retail investors rush for the exit door. There was panic selling all over the market as oil prices rose to US$78 a barrel. With a long

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BAT's result shows its resilience even when consumers' disposable income drops sharply due to soaring oil prices and a higher cost of living. Both revenue and EPS grew despite sales volume contracting, indicating that the tobacco business is almost insensitive to the price of cigarettes. BAT's Pall Mall is gaining the majority of the market share in the lower end segment as consumers go for

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DJ MARKET TALK:SapuraCrest May Rise 3-5%;Eyes MYR3B Projects - 2006-07-12 00:54:00.00854 [Dow Jones] SapuraCrest Petroleum (8575.KU) may rise 3-5% after executive vice chairman Shahril Shamsuddin says company bidding for oil & gas projects in Asia worth MYR3 billion. "There are works everywhere, in terms of construction (of oil rigs) and drilling due to (high) oil price," he says, according to

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DJ MARKET TALK: Time dotCom May Fall 2-3%; Denies DiGi Plan - 2006-07-12 00:19:00.00819 [Dow Jones] Time dotCom (5031.KU) may fall 2%-3%, reversing some of gains earlier this week after it tells Bursa, "we are not aware of any plans by DiGi.com (6947.KU) to buy into Time dotCom". Time dotCom rose 5.3% Monday on The Edge weekly report DiGi may tie up with Time dotCom, citing source; Khazanah

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DJ MARKET TALK:Analysts Bullish On Tenaga;Rate Stock As Buy - 2006-07-10 00:28:00.00828 [Dow Jones] STOCK CALL: Tenaga (5347.KU) to further outperform broader market this year, analysts say, as investors bet recent cost-cutting measures (including talks to buy electricity from IPPs) and power tariff hike will make stock more attractive. All 21 brokerages polled by Thomson Financial have buy call

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