undervalued stock. fair valeu 0.42

http://quotes.morningstar.com/stock/analysis-report?t=XKLS:7164&region=mys&culture=en-US&productcode=MLE&cur=

Dataprep plans multiple proposals to eliminate losses, trim borrowings
By Chester Tay / theedgemarkets.com   | January 13, 2016 : 11:11 PM MYT   

Translated by Google Translator: 
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KUALA LUMPUR (Jan 13): Dataprep Holdings Bhd ( Valuation: 0.00, Fundamental: 1.65) is planning to undertake a reduction of its share premium account, the cancellation of 15 sen from the 25 sen par value of each existing share to reduce its issued and paid-up share capital, and a private placement to raise up to RM7.09 million.

The first two exercises will give rise to credit that it intends to use to eliminate its accumulated losses, which stood at RM57.31 million as at Sept 30, 2015, while the private placement is primarily to raise funds to reduce borrowings, with the remainder to be used for working capital.

In a filing with Bursa Malaysia today, Dataprep said the share premium reduction will involve the reduction of RM5.49 million from its share premium account, while the par value reduction will give rise to a credit amount of about RM57.46 million.

"Any remaining credit (from the par value reduction) after the reduction of the accumulated losses will be credited to the retained earnings of the company," said the information technology services consultant.

After the proposed share premium and par value reduction, Dataprep will see retained earnings of RM5.34 million (group-level) and RM1.38 million (company-level).

Dataprep said these reductions would enable it to rationalise its balance sheet by eliminating its accumulated losses, which would better reflect the present financial position of the group.

The proposed private placement, which involves 38.31 million shares representing 10% of its issued and paid-up share capital, will be placed out to its controlling shareholder, VXL Holdings Sdn Bhd, which has a 60.62% stake in Dataprep.

Through its subsidiaries, VXL provides communication and technology, property development, and tourism development services in Malaysia, Hong Kong, and China.

At an indicative issue price of 18.5 sen, the private placement would raise some RM7.09 million; RM6.5 million of that has been earmarked for the repayment of borrowings, while RM287,000 will be for working capital, with the remainder for the defraying of expenses.

Dataprep shares rose one sen or 4.76% to close at 22 sen today, valuing it at RM80.5 million.

Hi Bonescythe, could you share your views on these corporate proposals. Sounds logical in line with your article. =)

Monday show time ! ! !

Yeah Ringgit depreciation very favourable to semi industry like inari. Good show then... Tomorrow 3.4.

taking off now - to 3.00 level

opportunity...
http://stocktangerine.com/

Be patience...

Should you read the latest report it shall be noticed...

Should you read the latest report it shall be noticed...

Should you read the latest report it shall be noticed...

Be patient...

No news but it was a fundamental strong company and time will prove. Just wonder research from osk has yet to out after meeting with ock management...

Time to harvest next week.

Time to harvest next week.

After cut loss by contra players it shall up next week

https://research.osk188.com/videos

Resistance broke and in uptrend. TP1.00.

Hoseh liao...

court case, sigh...

（吉隆坡26日訊）MYEG服務（MYEG，0138，主要板貿服）接獲由消費稅Smart Solution私人有限公司律師，發出的傳票及索賠清單。

　MYEG服務向馬證交所報備，消費稅 Smart Solution發出傳票與索賠清單有多個原因，其中包括消費稅Smart Solution的銷售點遭侵權等等。

　MYEG服務已指示律師審查接獲的傳票及索賠清單，並建議未來該採取的行動。該公司有意要為此提出辯護申請，若有進展，將再作宣布。

hold first

downtrend heading due to bad sentiment.

bets result ever, dont miss the boat...

best result ever... engine starts...

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=Y&securityCode=0086

Not a good news... =(

KLUANG: The Immigration Department counters for foreign workers’ permits will stay open beyond the government deadline Feb 28 until a more comprehensive plan to resolve the issue is achieved, Transport Minister Liow Tiong Lai said.

Liow said the decision was made at the Cabinet meeting yesterday.

Thirty-four business associations have expressed unhappiness over the closure of immigration counters on Feb 28.

“They want the counters to remain open as it is costly to do the renewal process online and wanted to stick to the old method,” The Star quoted Liow as saying in a press conference after attending the Kluang MCA Chinese New Year celebration dinner in Kampung Paya here last night.

The online renewal system, which began on Jan 5 by MyEG (My E.G. Services Berhad), has led to diverse opinions, especially on its RM38 service charge for each worker.

Liow said this would give the businesses an alternative to choose whether they wanted to renew their employees’ permits online or manually over the counter.

The MCA president also said the Cabinet suggested the government form a centralised body to provide one-stop service for foreign worker permit matters soon.

“We all know that the process to register and renew foreign workers’ permits is long and tedious, so a centralised body will provide a lot of convenience to employers and save costs as well,” he said, adding that the proposal was first brought up by MCA in the Cabinet.

Watch it out...

4th Q result iimproves significantly to - 45k vs - 299k last year.

engine starts!

If notice properly, its margin is getting improved qoq for 5 quarters consecutively even still in red.

Just pray... Haha...

TP 0.6 in this week

result shall out tomorrow. get ready!

get ready... it shall spike in these few days.

lousy stock...

Good TP by SJ Securities

http://www.bursamarketplace.com/index.php?ch=33&pg=133&ac=9874&bb=research_article_pdf

shall rebounce next week.

it has broken its NTA of 0.57...

good result will announce soon. keep hold and bearing handsome capital along the way! =)

（吉隆坡5日訊）益納利美昌（INARI，0166，主要板科技）估值仍具吸引力，加上業績表現亮眼，獲券商調高目標價，可提供36%揚升空間；利好激勵股價金一度揚10仙至2.96令吉，為十大上升股。

　該股起5仙以2.91令吉開盤，在開盤1小時內漲10仙或3.5%至2.96令吉，並以2.96令吉掛休；半日成交量433萬2700股。

　該股午盤稍微收窄漲幅，閉市報2.94令吉，起8仙，成交量744萬7200股。

　股價方面，儘管益納利美昌逼近多年新高水平，但艾芬黃氏資本研究認為，該股有望提供36%上漲空間，仍具吸引力。

業績超越預測

　雖然估值吸引，但隨著該公司近期進行8配1附加股帶來的稀釋效應，將2015至2017財年的每股盈利預測下修12%。

　馬銀行投銀指出，益納利美昌業績超越預測，分別佔該投銀和市場全年預測的50%和53%，看好該公司可在美元走強及擴充計劃這兩項短期催化劑下加速成長。

　該公司將在本財年第3季投入運作的新廠房，因為無線電頻率（Radio Frequency）業務，額外新增80台至90台測試處理器，具備龐大潛能。

　馬銀行投銀因而維持“買進”評級，目標價格為3.70令吉。

　考量估值吸引，及作為無線電頻率市場迅速成長中的主要受惠業者，艾芬黃氏資本研究亦維持“買進”投資評級，目標價格從3.62令吉，上調至3.89令吉。 http://www.chinapress.com.my/node/597522

Inari, GO...

global semicond sales uptrend!

KUALA LUMPUR (Feb 5): Unisem (M) Bhd ( Financial Dashboard) rose as much as 5% on reports 2014 world semiconductor sales rose 10% to a record high from a year earlier. The better numbers have reaffirmed analysts' positive outlook on the sector.

Unisem (fundamental:0.4; valuation: 0.6) rose as much as 10 sen to RM2.13 before reducing gains. At 3:16pm, the stock changed hands RM2.10 with some five million shares done.

Rival semiconductor producer Malaysian Pacific Industries Bhd (MPI) ( Financial Dashboard) rose as much as seven sen or 1% to RM5.76 before trading at RM5.74 at 3:18pm. MPI (fundamental:1.8; valuation:2.4) saw 154,400 shares traded.

MIDF Amanah Investment Bank Bhd, quoting the US-based Semiconductor Industry Association (SIA), reported that global semiconductor sales in December 2014 amounted to US$29.1 billion (RM104 billion ), an increase of 9.3% from US$26.6 billion a year earlier.

Full-year sales rose 9.9% to US$335.8 billion from US$305.6 billion a year earlier, according to SIA.

MIDF said SIA continued to post optimistic sales figures, and that this level of optimism was expected to continue into 2015 and 2016.

“Double digit growth in sales was recorded for the Americas and Asia Pacific regions at 12.7% year on year(yoy) and 11.4%yoy respectively, while sales from the European region grew by 7.4% yoy. The positive growth will be mainly supported by higher demand from the smartphones and automotive industries.

"In the foreseeable term, the adoption of smartphones remains one of the key driving catalysts for the sector. The transition from 2G to 3G and 4G will inevitably create stronger demand for low to mid-priced smartphones, especially in emerging markets," MIDF said.

http://www.chinapress.com.my/node/594504

saw it in paper.

TA Securities TP7.60, Affin TP5.20.
http://www.bursamalaysia.com/market/listed-companies/research-repository/research-reports