Lucky the FDA no affect sales. Currency and cost of materials rise only which every company can't really control. Revenue increase shows good demand. Okay, will start buy tomorrow.

Remember their recent announcement that the sale and purchase of the breeder and broiler farm from Sinmah Group was already completed. Now they have the capacity to produce more poultry at higher selling price due to Ramadan and Hari Raya. Can't wait for their next quarter report. Below is their announcement on BURSA.

"On behalf of the Board of Directors of CAB, RHB Investment Bank Berhad wishes to announce that all the conditions precedent have been fulfilled and that the balance purchase consideration have been paid in full pursuant to the sale and purchase agreements in relation to the Proposed Acquisition of Breeder Farms, hence marking the completion of the Proposed Acquisition of Breeder Farms.

This announcement is dated 23 May 2018."

Bought more at RM0.97 today. Seems that not many people notice this counter. Hidden undervalued gem. Be patient. Once news article and analysts cover CAB, this chicken gonna fly!

Added more at RM4.72 average price. Sentiment for MAGNI-TECH positive. Let's ride on Nike's success this World Cup 2018.

Cash rich company with RM385 million and very little debt. D/E only 0.16. As long as can continue pay me dividends, I am glad to park my savings with L&G giving me 8% - 10% dividends than only 3% FD in the bank. One day when it's property market boom, this stock price will surely hit the roof.

Super undervalued based on NTA. And I got 8% dividend this time. So happy. Let's hope the 0% GST will help improve property market sentiment. Further sales profit from Astoria and Sena Parc will be included in the next quarter reports.

Glad it's a positive result. I am happy with it despite such tough economy now. Revenue definitely increased a lot and more to come now that their acquisition of the breeder and broiler farms from Sinmah’s Group is finally completed. The broilers output is expected to increase to 120 million kg per year in 2018 from 116 million kg in 2017.

"The increased in administrative expenses of the Group for the quarter under review was mainly due to the underlying costs associated with the expansion of breeder farms operation." So now we know why profit is only slightly higher because they are investing our profits back to expand and upgrade their newly acquired breeder and broiler farms. It's a very good sign.

Forex is out of their control so we can't blame management. At least the Directors are focusing on what they can control to grow and control costs. So fundamentally speaking, CAB is getting better and on the right track. Can't wait for their JV with Salim Group to bear fruit next year. Lots of growth potential.

We can't do anything if the price dropped a lot today because people are scared and throw cheaply. Will add more tomorrow if the price doesn't move up. Definitely undervalued already at this point. Buy when people are fearful... provided the company's fundamentals are still intact. Happy investing, everyone.

Saw a lot of their Astoria and Sena Parc advertisement on Facebook. Dropped by at their sales gallery in Senawang last weekend. Quite encouraging with 45% sales already despite such challenging economy. Maybe sales will increase next month once 6% GST no more. Gonna add more shares on Wednesday since it has dropped a bit.

Harga Daging Ayam 2018
http://www.dvs.gov.my/index.php/pages/view/440

High price of chicken still maintained.
Consistent revenue and profits.
Price may be even higher on Ramadan.

22.5.2018
DOC RM2.20
Poultry RM5.10

I think the Chairman and CEO are going to sapu more shares liao. Maybe good result this quarter due to higher orders from NIKE cos of World Cup 2018. Will buy more this coming Wednesday.

"The Company had, on 28 May 2018 received the notifications from Tan Sri' Dato' Seri Tan Kok Ping and Mr. Tan Poay Seng, the Directors of the Company that they intend to deal in the securities of MAGNI between 31 May 2018 to 28 June 2018 during MAGNI's closed period."

Wow, the price now is too attractive already. Dividend yield 5.3% at this stage. Highest among all banks. And their Maybank2u app is the best and most convenient. No wonder fee based income increased. Gonna buy on Wednesday to build some more passive income. Will definitely rise higher when the PH government clears up our economy.

"Despite of the rose in revenue, the Group’s profit before tax decreased 61%. This was mainly due to the higher raw materials cost, higher labour operating costs resultant from more hiring, more overtime claimed and extra overhead cost on foreign workers levy, coupled with the strengthening of RM in the current quarter."

Very bad situation for LIIHEN for this whole year. Even if RM down and USD up which I think it's only temporary, it's only one of the other headwind factors affecting LIIHEN's profitability. We can buy LIIHEN but not on a severe downtrend during troubled times. Plus our market sentiment is super bad now cos of 1MDB and US trade war. Go their AGM or wait for the next quarter and assess how the management handle these issues. The QR report doesn't disclose much info.

Substantial shareholder buy 250,000 shares again on 21 May 2018.

Eventhough the newspaper say MYEG's revenue 80% of it are non-government related, it's kinda misleading. This is because this revenue is ancillary and relates closely with government services i.e. insurance coverage and accommodation for foreign workers. So without any direct contract that deals with foreign workers, the other source of revenue may drop also. MYEG is walking on thin rope.

As for whether ROSMAH or ZAHID has any shareholdings in MYEG, it's hard to confirm in the annual report. They maybe hiding behind a holding company like Asia Internet Holdings Sdn Bhd.

Our new Home Minister, Tan Sri Muhyiddin Yassin has already pledged to focus on foreign workers issue. So I guess he will review all the concessionaires which relates to the ministry.

What worries me is MYEG's Directors, DATO’ RAJA HAJI MUNIR SHAH and DATO’ SHAMSUL ANUAR are from UMNO and their Chairman, DATO’ DR NORRAESAH served the previous BN government before.

This indicates projects are given strongly due to cronyism and direct political links.

What EPF and KWAP did by selling millions of MYEG shares speaks volume on their vote of no confidence in MYEG... or that they already knew something bad that we don't. Until then, it's best the Directors or Ministers say something to clear the matter once and for all.

Harga Daging Ayam 2018
http://www.dvs.gov.my/index.php/pages/view/440

Great. Price increased again for one month.
Higher demand on Ramadan and Hari Raya.
Increased profit will be reflected in Q3 2018.

15.5.2018
DOC RM2.20
Poultry RM5.10

Problems on LATITUDE will most likely reflect the same on its peers since they are in the same industry. Unfavourable exchange rate, acceleration of production costs, shortages of workforce and employers paying for foreign worker levy starting 1st January 2018. Still, let's hope LIIHEN's next QR will stay positive despite the issues stated.

MYEG has strong competitive advantage because a lot of Malaysians uses their service due to convenience. And it's difficult for the new government to totally overhaul their platform because of MYEG’s already deep-rooted infrastructure and database in their system. BUT let's wait for further developments first before buy.

Good news.

Substantial shareholder keep buying already. Positive sign.

Not to forget CAB now already expanded their oversea business in Indonesia with Salim Group which has 11,000 convenient stores and operates more than 500 KFC outlets. Very bright future prospect. It's just a matter of time before more profits come pouring in.

Harga Daging Ayam 2018
http://www.dvs.gov.my/index.php/pages/view/440

Price will further increase this month due to Ramadan and Hari Raya.

25.4.2018
DOC RM2.00
Poultry RM5.00

USD stronger and RM weaker now. World Cup coming this June 2018. Good tailwind and prospect for Magni-Tech to ride on Nike's growth this year.

Hidden treasure. Just wait patiently. Price gonna rocket soon when QR out.

Profitability of the business will be boosted by growth in capacity due to acquisition of the breeder and broiler farms from Sinmah’s Group. The broilers output is expected to increase to 120 million kg per year in 2018 from 116 million kg in 2017.

CAB’s total capacity for slaughtering has increased by about 36,000 birds per day to 110,000 birds per day, following the acquisition of Farm Best Food Industries Sdn Bhd.

CAB using closed house system when others are open, and small to medium farms will have to shut down due to government policy and high investment costs to upgrade.

CAB has signed a joint venture agreement with the Salim Group to set up an integrated poultry business in Indonesia in November 2017. The ground work under this joint venture to commence in 2018.

Maybe higher profit next quarter report.

Ringgit up which lowers feedstock cost.

ASP of poultry increased to RM5.20 (Jan - Mac 2018) compared to RM4.70 (Oct - Dec 2017).

ASP of one day chick increased to RM1.95 (Jan - Mac 2018) compared to RM1.80 (Oct - Dec 2017).

Then Ramadan and Hari Raya coming soon.

Another one month of increased demand and price.

Govt support is crucial in the expansionary rubber glove industry, says MARGMA -
http://www.theedgemarkets.com/article/govt-support-crucial-expansionary-rubber-glove-industry-says-margma?type=corporate

Gonna up more tomorrow for sure!

Consolation get more cash in hand ba. Haiz.

And why higher dividend still drop? Damn sien leh!

The Challenge of Tight Silicon Wafer Supply – Impacts and Implications
By Sungho Yoon, Sr. Market Research Analyst, and Dan Tracy, Sr. Director, SEMI
March 27, 2018

http://www.semi.org/en/challenge-tight-silicon-wafer-supply

"Chip makers continue to struggle to secure more silicon wafers to meet market demand as production capacity has reportedly fallen short of their needs, particularly in the 300mm wafer segment – a trend that has led to record-low DOI (Days of Inventory) levels since the second half of 2017.

The DOI level has shown no significant improvement since August 2017. Unlike the inventory rebound in 2007, the current inventory trough shows no signs of significant recovery soon.

Low wafer inventory levels could potentially hamper growth for semiconductor equipment market as it would be difficult for device makers to expand fab capacity without securing stable wafer supply chain in advance."

Dear joekit and victory015,

Despite resilient demand for automotive chip, there's a big problem in front right now for KESM and its customers that they have to solve immediately. Next QR report may not be good which will instigate further selldown and drop in price. May recover at the end of this year if you willing to hold and take temporary loss. KESM is still a fundamentally good company.

Research by CIMB as quoted below.

"Wafer supply constraints persist in 3QFY18F. We recently hosted a conference call with KESM’s Executive Director, Kenneth Tan, together with nine domestic fund managers. KESM is still facing wafer supply constraints as its customers face assembly and production yield issues. Wafer substrate is a key raw material for the fabrication of integrated circuit (IC) chips."

AND

"Expect utilisation to improve in 4QFY18F onwards. We expect KESM’s utilisation rate to fall from 80% in 2QFY18 to 70% in 3QFY18F due to lower wafer supply. Nevertheless, we expect the group’s supply constraint issue to improve in 4QFY18F."

AND

"Revise down FY18-20F EPS by 9-15 %. We had earlier expected KESM to deliver higher earnings in 2HFY18F in view of resilient demand in the automotive segment. However, we are now turning cautious on its nearterm earnings outlook due to the wafer supply constraints at its customers. Hence, we cut FY18-20F EPS by 9-15% to account for lower utilisation rate assumptions."

Hope this helps in your decision. Good luck.

Getting lower and lower day by day.

Damn, price keep falling non-stop!

The whole semiconductor industry in Malaysia are having issues now. Slow smartphone sales globally, wafer supply shortage, RM strengthened and USD weakened. Don't touch for now. Although KESM not involved in phones, price will still get dragged down for the next few weeks cos of severe wafer supply issue on their customers' side and very bad market sentiment. Good luck.

HENGYUAN price fell a lot too. Damn sien lah.

Dow posts 4-day losing streak as tech falls, rates rise https://cnb.cx/2qRmx6t

Tech stocks slide following sell-off in US last week - The Edge Markets
http://www.theedgemarkets.com/article/tech-stocks-slide-following-selloff-us-last-week

Keep on dropping. Sien. Haiz.

Although KESM is a solid company with good fundamentals, we sometimes will get dragged down by other people's bad sentiment and bad decisions.

Will definitely drop further for next 2 months until 3Q report released... and that's provided if there's no lower net profit reported YoY due to wafer supply issues... which will further instigate another selldown.

I guess only enter on 4Q hopefully their customer problems solved and collect when price has lowered a lot. Buy low, sell high.

Good luck.

Oh my, why the price keep on dropping?

Huge earnings on next quarter coming soon!

LAND & GENERAL: Looking forward to new launches
ALLIANCE INVESTMENT BANK BERHAD

http://www.bursamarketplace.com/index.php?ch=research&pg=research&ac=281052&bb=286392

More launches in the near term:

After an absence of more than a year since its last launch of Astoria phase 1, L&G is set to launch the second phase of Damansara Foresta called Damansara Seresta (RM480m GDV) and also its first township development in recent years with Sena Parc phase 1 (RM230m GDV) in Senawang where the former Tuanku Jaafar Golf and Country Club is located. A strong sales performance from both projects could help deliver impressive earnings growth given its small earnings base.

Maintain Buy:

We reiterate our BUY recommendation with a TP of RM0.28, based on a 65% discount to our RNAV. It is trading at an unjustifiably steep discount of 73% to its RNAV, thus giving a decent dividend yield of 4.5%. With a net cash position of RM218m (representing ~35% of its market cap), L&G is set to unlock its deep land value via more launches.

LAND & GENERAL: New lease of life
ALLIANCE INVESTMENT BANK BERHAD

http://www.bursamarketplace.com/index.php?ch=research&pg=research&ac=266479&bb=271556

Potential catalyst:

We expect an imminent turnaround, projecting its core earnings to grow exponentially at a CAGR of 226% over FY18-20F due to its small base. The redevelopment of its 36-acre Sri Damansara clubhouse land is set to fetch lucrative returns given its low land cost at RM2.40psf which is only a tiny fraction of its market price of >RM300psf. This RM1bn transit-oriented development with close proximity to MRT Line 2 could be launched by end-CY18.

Valuation:

Initiate with BUY and RM0.28 TP, based on a 65% discount to our fully-diluted RNAV. It is trading at an unjustifiably steep discount of 73% to its RNAV, giving a decent dividend yield of 4.5%. With a net cash position of RM230m representing ~35% of its market cap, L&G is set to unlock its deep land value via more launches.

The Challenge of Tight Silicon Wafer Supply – Impacts and Implications
By Sungho Yoon, Sr. Market Research Analyst, and Dan Tracy, Sr. Director, SEMI

March 27, 2018

http://www.semi.org/en/challenge-tight-silicon-wafer-supply

"Chip makers continue to struggle to secure more silicon wafers to meet market demand as production capacity has reportedly fallen short of their needs.

Low wafer inventory levels could potentially hamper growth for semiconductor equipment market as it would be difficult for device makers to expand fab capacity without securing stable wafer supply chain in advance."

Even car sales also fell. I guess demand for semiconductor vehicle will fall temporary too. So just lock in your profits and enjoy whatever profits that you all have. Invest again next time.

Vehicle sales fall 6.9% y-o-y in March
http://www.theedgemarkets.com/article/vehicle-sales-fall-69-yoy-march

"Malaysia's vehicle sales fell 6.9% or 3,733 units to 49,985 units in March, compared with 53,718 units in the corresponding month last year. This has been the third consecutive month of lower on-year sales. In February and January, vehicle sales fell 4.4% and 0.2% respectively."

Utilisation of their factory fall from 80% to 70%! Imagine how much revenue loss for the next 6 months! Quite high risk and possibility that next 2 quarters will have lower net profit, which in turn again will make the price fall further due to fear from irrational "investors", even if the company's fundamental are strong. Best to lock in profit than being dragged down by the market for the next 6 months.

Wafers supply shortage concerns affecting utilisation - CIMB INVESTMENT BANK BHD
http://www.bursamarketplace.com/index.php?ch=research&pg=research&ac=401732&bb=411268

"Expect utilisation to improve in 4QFY18F onwards

We expect KESM’s utilisation rate to fall from 80% in 2QFY18 to 70% in 3QFY18F due to lower wafer supply. Nevertheless, we expect the group’s supply constraint issue to improve in 4QFY18F as its customers gradually improve their production yield."

When KESM's Executive Director + 9 (NINE) fund managers had a conference call TOGETHER and AGREED there is wafer supply constraints and lower revenue & profit for the next 2 quarters, their views bears very heavy weight.

Wafers supply shortage concerns affecting utilisation - CIMB INVESTMENT BANK BHD
http://www.bursamarketplace.com/index.php?ch=research&pg=research&ac=401732&bb=411268

"Wafer supply constraints persist in 3QFY18F

We recently hosted a conference call with KESM’s Executive Director, Kenneth Tan, together with nine domestic fund managers. During the call, the group shared its view on the likely minimal impact from the escalation in protectionist tariffs between China and the US. In addition, KESM is still facing wafer supply constraints as its customers face assembly and production yield issues. Wafer substrate is a key raw material for the fabrication of integrated circuit (IC) chips."