Currently PNB and the EPF together own approximately directly and indirectly 67% of the equity in the Battersea Power Station development. PNB holds majority stakes in S P Setia and Sime Darby Property which jointly own 80% of the equity in the Battersea Power Station development whilst the EPF directly owns 20% of the Battersea Power Station development.

Battersea, UK. As the UK economy was also hit by Covid-19, combined take-up rates for the Phase 2 and 3a now hovers around the 70% range (from 91% and 71%, respectively as of FY19) with buyers withdrawing their bookings. Management has yet to confirm any delays in handovers of the projects and maintain its target for now. We note that the construction progress is ongoing at c.75% with social distancing measures in place. To recap, Phase 2 is expected to be delivered in 2QFY21 and Phase 3a in 3QFY21.

simeprop is the the highest dividend stock among prop stocks and also penny stocks

DY~9%+++ based on current lelong price :)

Ann. Date
Ex Date
Type
Subject
Amount
View
26-Feb-2020 30-Mar-2020 DIVIDEND Second Interim Dividend RM 0.0200 Dividend Detail
28-Aug-2019 27-Sep-2019 DIVIDEND Interim Dividend RM 0.01 Dividend Detail
27-Feb-2019 27-Mar-2019 DIVIDEND Interim Dividend RM 0.01 Dividend Detail
28-Aug-2018 26-Sep-2018 DIVIDEND Second interim dividend RM 0.03 Dividend Detail
26-Feb-2018 12-Apr-2018 DIVIDEND Interim Dividend RM 0.02

Also best buy :)


Date Close
17/07/2020 0.64
16/07/2020 0.635
15/07/2020 0.66
14/07/2020 0.675
13/07/2020 0.67
10/07/2020 0.69
09/07/2020 0.705
08/07/2020 0.71
07/07/2020 0.72
06/07/2020 0.715
03/07/2020 0.69
02/07/2020 0.68
01/07/2020 0.67
30/06/2020 0.68
29/06/2020 0.68
26/06/2020 0.70
25/06/2020 0.69
24/06/2020 0.70
23/06/2020 0.695
22/06/2020 0.72

Another hidden gem by sime Darby group :)


Sime Darby Property Bhd - Below Our Expectation
Date: 22/05/2020

Stock : SIMEPROP Source : KENANGA
Price Target : 0.88
Last Price : 0.64


1QFY20 CNP of RM19.6m came in below our (3%) and consensus (5%) on a weak top-line and associate as well as JCE losses. 1QFY20 sales of 245m were also below at 14%. We trim earnings for FY20-21E by 37-29% to RM410-497m on lower property sales targets and recognitions from slower work progress. Maintain OUTPERFORM and TP of RM0.88 based on -1.5SD of 0.64x to its adjusted BV/share of RM1.38.

Below expectations. 1QFY20 CNP of RM19.6m came in below our and consensus expectations at 3% and 5%, respectively. The reason for the deviation was due to weaker-than-expected top-line that came in at 15% of our estimate, and associate and JCE losses of RM11.3m. 1QFY20 sales of RM345m also came in below at 13.8% of our FY20E sales target of RM2.5b. Sales were mainly driven by Kota Elmina, City of Elmina and Bandar Bukit Raja townships. No dividends, as expected.

Results’ highlights. YoY, topline was down by 17% on lower recognitions from the property segment mainly on weak performance at its Negeri Sembilan and Johor and integrated townships. All in, CNP declined by 93% on; (i) associate and JCE losses of RM11.3m (vs. RM3.5m profit) from lower contribution from PJ Midtown and higher share of losses from Battersea, (ii) other operating expenses of RM5.4m loss (vs. RM204m gain in 1Q19 driven by the sale of Darby Park), and (iii) a high effective tax rate of 81% (vs. 9% in 1Q19). QoQ, top-line was down by 46% due to stronger recognitions in 4Q19 which cascaded straight to bottom-line which declined by 85% due to similar reasons mentioned above.

Outlook. We lower FY20-21E sales target to RM1.7-2.1b (from RM2.5b each) as the Covid-19 pandemic may impact buyer sentiment going forward. Upcoming launches include mostly of landed residential projects in townships. The Group has secured total bookings of c.RM900m thus far which is primed to be converted to sales. Unbilled sales of RM1.5b provide c.1-year visibility.

We lower FY20-21E CNP by 37-29% to RM410-497m as we opt to be more conservative expecting lower sales on weaker buyer sentiment and the signing pace of SPAs, while future construction progress may see delays going forward as a result of Covid-19. We also expect weaker contribution from the leisure segment as events and functions have declined following the Covid-19 pandemic outbreak. FY20-21E dividend of 1.8-2.2 sen imply yield of 2.7-3.2%.

Maintain OUTPERFORM and TP of RM0.88. We maintain our conservative adjusted P/BV valuation method to ascertain the trough valuations of property stocks amid the prevailing market down-cycle. Our TP remains unchanged despite lowering our P/BV multiple SD to -1.5SD of its 3-year historical band at 0.64x (from -1SD of 0.63x post updating our bands), and on an adjusted BV/share of RM1.38 (from RM1.40) after imputing a 40% discount to its latest available inventory level of completed properties. We believe SIMEPROP remains an OP as we have priced in most negatives to our earnings and valuations given its oversold position (-25% YTD, trading at a 52% discount to BVPS), while coming quarters should see better earnings as work progress is resuming gradually post MCO and on expectations of lumpy land sale gains ahead. We continue to like SIMEPROP for its healthy balance sheet and low gearing levels of 0.25x which bode well during times of uncertainty, and its active inventory clearing efforts to RM6.5b (from RM6.6b in 1Q19).

Source: Kenanga Research - 22 May 2020

Good price !

Date Close
17/07/2020 0.91
16/07/2020 0.915
15/07/2020 0.97
14/07/2020 1.00
13/07/2020 1.01
10/07/2020 1.01
09/07/2020 1.00
08/07/2020 1.00
07/07/2020 1.01
06/07/2020 1.01
03/07/2020 1.01
02/07/2020 1.00
01/07/2020 1.00
30/06/2020 1.01
29/06/2020 1.01
26/06/2020 0.995
25/06/2020 1.01
24/06/2020 1.01

:)

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
24/06/2020 1.30 1.25 -0.05 (3.85%) HOLD PUBLIC BANK
24/06/2020 1.30 1.42 +0.12 (9.23%) HOLD MIDF
24/06/2020 1.30 1.30 0.00 (0.00%) HOLD KENANGA
24/06/2020 1.30 1.22 -0.08 (6.15%) HOLD HLG

Attend EGM next thursday and ask CCP directly :) Share price will fly if the new substantial shareholders not only cash rich conglomerate but also able to add value to GP.

Hope to know before or on the EGM next thursday. :)


@coolinvestor it also boogles the mind why until now there is still no announcement as to who took the kendalls shares, the pp buys and the 300mil shares sold by ccp.
18/07/2020 1:29 PM

coolinvestor why no info? the secretive agenda is making ppl lose patience. i really wonder why they do this
18/07/2020 1:29 PM

coolinvestor the amount spent to buy those shares are about 166mil. so why no info?
18/07/2020 1:31 PM

coolinvestor unless there are a group of ppl who bought those shares? their shareholdings are so little below 5% that they do not need to disclose?
18/07/2020 1:33 PM

coolinvestor weird
18/07/2020 1:33 PM

coolinvestor this silence does not help gp reputation....goodness

https://www.klsescreener.com/v2/news/view/703993

There are many glove companies that are unlisted. It’s only natural for unlisted companies to emerge in the capital markets when valuations are ballistic.

It’s better to put money in the new names instead of the current basket of companies on Bursa Malaysia where valuations and trading volumes are dangerous for retail investors.

Trading of glove stocks is not for the uninitiated and faint-hearted

BURSA Malaysia is not a market for retailers. Some 30% of the index weighting is on glove stocks – namely Top Glove Corp Bhdand Hartalega Holdings Bhd.

On a single day, the price of the four glove stocks can gyrate anywhere between 20% and 30% and it is accompanied by huge volumes, which suggests that it is a playing ground for the funds as well as punters.

In a single day last week, Supermax Corp Bhd, which is among the top four glove companies, gyrated as much as RM5.30. It went as high as RM17.80 and as low as RM12.50, before closing the day at RM15.90.

A normal investor would probably have had a heart seizure. Anybody who had bought the stock at the peak with the view of selling on the same day would have lost his or her pants.

The story is the same for all the other glove stocks. The price gyration is scary, to say the least. The stocks are up in the morning before coming down late afternoon and picking up strongly by the end of the trading day.

Clearly, it is not the kind of market for retailers. It’s only for those who are really experienced in trading and understand the dynamics of jumping in and out without getting hurt.

Some research houses have tagged unprecedented valuations on glove stocks. It’s surprising that even the foreign houses have raised the price of the top-notch glove companies such as Top Glove and Hartalega to more than RM30. Credit Suisse’s target for Top Glove is RM37.

Glove stocks are trading at historical price earnings (PE) multiple of between 75 time and 170 times at current prices. Among the four glove manufacturers, the stock with the highest PE multiple is Supermax while Kossan Rubber Industries Bhdis at the lowest end at 75 times PE.

If the stocks hit the price targets as set out by the research houses, we are looking at Supermax possibly trading at almost 200 times PE and Top Glove at more than 120 times PE. The mind-boggling valuations are jaw-dropping but analysts seem to suggest that the stocks have the earnings potential.

Are analyst reports reliable?

The upgrade in price targets by research houses suggests that there is an impending earnings explosion of the companies in the second quarter. But what the research houses fail to stress is the sustainability of the earnings.

To the pessimist on glove stocks, they would say that analyst reports certainly are not a yardstick as they are just forecast numbers and not any indication to buy or sell the stock.

However, to be fair, some research houses had predicted Top Glove to be RM25 a month ago when it was barely touching RM15. Then, many had dismissed the price target as nonsensical. Now, RM25 seems to be a reasonable price for Top Glove for some.

Amidst the optimism surrounding glove stocks, it’s interesting to note that the major shareholders of Kossan have disposed of a little of their holdings in the market. The family of Tan Sri Lim Kuang Sia, who control Kossan and are known for not selling their shares even when prices were high, sold a few million shares in recent weeks.

The family still retains a substantial 47% in Kossan. Their move to take some money off the table is something that should not be dismissed. It’s a clear signal that glove stocks are looking over-valued.

The interest on glove stocks is so huge that it is said to be responsible for the crash of Bursa Malaysia’s trading system on Thursday. The crash came as there was heavy selling on glove stocks following news that the US authorities have stopped some shipments of Top Glove’s exports to that country.

The US market accounts for 25% of Top Glove’s exports and gives the highest average selling prices for the gloves. Hence, the impact is significant on Top Glove.

The announcement was out during the lunch break although news of the consignment being stopped seeped into the market in the morning. Top Glove resumed trading at 3.30pm. Shortly later, the system crashed.

Brokers feel that the crash came about because of the heavy sell order for glove stocks, which is not surprising considering the volume these stocks garner.

The run on the glove stocks is a reminder of the dotcom run in 1999 when semiconductor producers namely Malaysian Pacific IndustriesBhd and Unisem Bhd were the darlings of the stock market.

The stocks were on an uptrend for almost a year before the dotcom crash in 2000. The two stocks hit ballistic valuations that not many fund managers had envisaged. Until today, the two stocks are still considered the bell-weather for the tech sector.

But now there are many more players in the tech sector. They are diversified into several segments within the sector and Technology is an index within Bursa itself.

Similarly, the play on glove companies is now focused on the top four stocks. The others are enjoying the run on the sector. If demand for gloves continues, the sector will likely see more new names emerging on the stock market.

I believe that gp has more potentials than xox which had risen from 1sen to 15sen now. GP should rebound soon.

XOX Quarter Report History

FY No. Rev PBT PAT EPS YoY
Sep20 2 58,922 -4,085 -4,011 -0.37 1211%
Sep20 1 65,158 381 358 0.03 122%
Sep19 - 61,556 -20,816 -20,813 -1.95 40125%
Sep19 - 74,097 383 682 0.06 1212%
Sep19 - 74,097 383 682 0.06 0%
Jun19 3 60,476 241 361 0.03 108%
Jun19 2 58,770 -1,380 -1,597 -0.16 187%
Jun19 1 57,391 276 52 0.01 94%

Tak mau sentuh, Tunggu right issue dulu. Sekarang belum sampai harga lantai lagi.

Sk Korea tak mau, private placement tak jadi.

Target prices by analysts were below 50sen.

Probably right issue at 50sen or below Bagi existing shareholders

Tak tau, Ada orang Kata stok bank belum sampai lantai lagi. Selepas tempoh masa monotorium bank berakhir, banyak hutang lapuk, bank Akan mengalami ke rugian luar biasa, tak pasti :)

Expecting above 60sen after the EGM, certainty is back :)


Date Close Volume
17/07/2020 0.505 76,782,000
16/07/2020 0.505 53,151,800
15/07/2020 0.545 54,514,100
14/07/2020 0.53 53,887,100
13/07/2020 0.55 47,340,400
10/07/2020 0.59 48,954,500
09/07/2020 0.585 126,220,500
08/07/2020 0.66 156,894,800
07/07/2020 0.50 17,845,200
06/07/2020 0.515 17,754,000
03/07/2020 0.52 17,293,200
02/07/2020 0.52 44,511,400
01/07/2020 0.525 81,453,400
30/06/2020 0.50 28,031,900
29/06/2020 0.515 28,597,500
26/06/2020 0.545 38,328,700
25/06/2020 0.565 91,827,400
24/06/2020 0.62 83,504,200
23/06/2020 0.675 73,776,400
22/06/2020 0.685 104,867,500

For remembrance. Good night! :)


KUALA LUMPUR (July 8): Shares in Green Packet Bhd, which have generally been on the downtrend since their May 18's limit-up, rose by as much as 16% in active morning trade today.

The telecommunications stock was up eight sen at 58 sen, with 50.38 million shares changing hands, as at the time of writing. This gave the counter a market capitalisation of RM500.71 million.

On May 18, Green Packet's share price soared to a multiple-year high of RM1.51, gaining as much as 30 sen or 24.79%, before paring some gains to close the day at RM1.44.

The stock's value has since declined by nearly 60%. Year to date, the counter is trading at a discount of 15.22% or 10.5 sen.

Last week, Green Packet reported a net loss of RM34.07 million for the first quarter ended March 31, 2020 (1QFY20), much wider than the RM13.88 million net loss a year earlier, as a result of higher costs and a fair value adjustment for an investment during the period under review.

The higher loss was mainly due to the fair value adjustment provided for the investment as at March 31, 2020 of RM17.25 million, coupled with higher business development costs incurred for the digital services and communications retail business, the group said.

This was despite a 50% increase in revenue to RM147.05 million, from RM97.94 million a year ago, on the back of higher sales across its business segments.

Green Packet designs and produces wireless broadband devices, user-centred products, applications and services that enable the delivery of valuable digital experiences, according to its website.

The firm is headquartered in Kuala Lumpur and has regional offices in Singapore, Taiwan and China. Its client base spans across 70 countries worlwide.

Tomorrow is friday (last trading day of the week). Weekends - probably more news about GP. Then, Mon to Wed - expecting active trading before Thursday (EGM).

Tomorrow should be an exciting trading day too! :)

Everyone wanted to know the buyer, right? Should be announced soon probably :)

{[30mil + 100mil + 100.134mil] / [1,109mil]} x 100 ~ 21% stake , very substantial indeed!


Shareholding Changes

Date of change Shares Director/
Substantial Shareholder

08 Jul 2020 Disposed at 65sen?
30,000,000 MR PUAN CHAN CHEONG "Who was the buyer?"

19 Jun 2020 Disposed at 80sen?
100,000,000 SUMMIT SYNERGY LIMITED "Who was the buyer?"



***********100,134,000 Placement Shares issued at 52 sen under the First Tranche, representing 9.99% of the issued share capital of the Company (excluding treasury shares) as at 2 July 2020
"Who was the buyer?"

Don't Worry, Be Happy! :)

30 Largest Registered Holders as at 1 June 2020

1) Green Packet Holdings Ltd: 145,200,000 shares [15.62%]
2) UOB Kay Hian Pte Ltd (A/C Clients): 114,469,990 shares [12.31%]
3) Summit Synergy Ltd: 100,000,000 shares [10.76%]
4) Puan Chan Cheong: 95,474,570 shares [10.27%]
5) Chin Boon Long: 26,731,900 shares [2.88%]
6) Gemtek Technology Co., Ltd: 26,273,280 shares [2.83%]
7) Green Packet Holdings Ltd (3rd Party): 24,000,000 shares [2.58%]
8) Chan Swee Ying: 19,252,400 shares [2.07%]
9) Kon Tek Yoong: 17,013,000 shares [1.83%]
10) Great Eastern Life Assurance (M) Bhd (LGF): 15,917,700 shares [1.71%]
11) Great Eastern Life Assurance (M) Bhd (LBF): 14,508,400 shares [1.56%]
12) Eng Mok Hock: 10,988,080 shares [1.18%]
13) Kenanga Investment Bank Bhd IVT-(EDSP-OTC/ESH): 10,000,000 shares [1.08%]
14) Smart Wisdom Sdn Bhd: 9,330,700 shares [1.00%]
15) Loo Swee Weng: 8,484,040 shares [0.91%]
16) Grandstead Sdn Bhd: 8,445,700 shares [0.91%]
17) Twinstar Century Sdn Bhd: 7,776,500 shares [0.84%]
18) Yong Mong Huay: 7,157,300 shares [0.77%]
19) Lim Boon Hong: 6,630,000 shares [0.71%]
20) Pentagon Parade Sdn Bhd: 6,526,100 shares [0.70%]
21) Chang, Jin-Yi: 6,379,000 shares [0.69%]
22) Kenny Khow Chuan Wah: 6,000,000 shares [0.65%]
23) Tan Yew Sing: 5,514,800 shares [0.59%]
24) Master Knowledge Sdn Bhd: 5,350,800 shares [0.58%]
25) Loh Lee Yin: 5,000,000 shares [0.54%]
26) Kon Tek Yoong: 4,757,800 shares [0.51%]
27) Alies Anor Bin Abdul: 4,730,000 shares [0.51%]
28) Tan Chong Swee: 4,503,900 shares [0.48%]
29) Khan Bin Mohd Akram Khan: 4,406,400 shares [0.47%]
30) Chan Weay Chia: 4,150,000 [0.45%]

TOTAL: 724,972,360 SHARES [77.99%]



Source: Annual Report 2019

restlah, enough screen fatigue... enjoy your weekends!

Tadi, harga murah, korang tak mau beli, isnin depan, takda murah lagi :)

Bagus bagus, baca berita, dll tentang GP hujung minggu ini. Mulai isnin, lagi menarik :)


Boleh rehat secukupnya hari :)

The taker of this new PP must be happy :)

10-Jul-2020 Additional Listing Private Placement - 100,134,000 shares at 0.520.

Expecting similar big volume like July 8 & 9 will happen next week before or after EGM :)

Date Close Volume
15/07/2020 0.545 54,514,100
14/07/2020 0.53 53,887,100
13/07/2020 0.55 47,340,400
10/07/2020 0.59 48,954,500
09/07/2020 0.585 126,220,500
08/07/2020 0.66 156,894,800
07/07/2020 0.50 17,845,200
06/07/2020 0.515 17,754,000

at 3sen, post consolidation price ~ 75sen. private placement as indicated was at 80sen.

probably could make few cents after share consolidation, just an opinion!

anyway, wait till after consolidating the share for those who had bought it. personal opinion

if u think about it, if doh family drives the share price higher, it seems disadvantage to them because they will get less shares for selling their projects, etc to DBE/Lagenda Properties Bhd

Dow: Stocks surge on hopes for Moderna vaccine, Goldman ...www.usatoday.com › story › money › 2020/07/15 › do...
3 hours ago - Stocks jump on hopes for coronavirus vaccine, upbeat Goldman Sachs earnings ... Global markets got a boost overnight on news that scientists will soon ... Petition drive to repeal governor's emergency powers starts this week.

Vaccine hopes drive Asian stocks, oil higher, but risks remain ...www.aljazeera.com › ajimpact › vaccine-hopes-drive-as...
May 18, 2020 - There was good news in Europe too, after France and Germany called for the creation of a 500 billion euro ($543bn) Recovery Fund able to offer ...

Dow: Stocks surge on hopes for Moderna vaccine, Goldman ...www.usatoday.com › story › money › 2020/07/15 › do...
3 hours ago - Stocks jump on hopes for coronavirus vaccine, upbeat Goldman Sachs earnings ... Global markets got a boost overnight on news that scientists will soon ... Petition drive to repeal governor's emergency powers starts this week.

Vaccine hopes drive Asian stocks, oil higher, but risks remain ...www.aljazeera.com › ajimpact › vaccine-hopes-drive-as...
May 18, 2020 - There was good news in Europe too, after France and Germany called for the creation of a 500 billion euro ($543bn) Recovery Fund able to offer ...

Expecting a strong rebound today :)

Vaccine hopes drive gains for European stocks - MarketWatchwww.marketwatch.com › story › vaccine-hopes-drive-gai...
16 hours ago - Stocks climbed in Europe after positive news from Biotech Moderna about its coronavirus vaccine candidate.

Dow Jumps Over 200 Points After Moderna's Coronavirus ...www.forbes.com › sites › sergeiklebnikov › 2020/07/15
4 hours ago - Moderna's vaccine news sent markets higher. ... Vaccine hopes and better-than-expected earnings are helping drive stocks higher, but the ...


Moderna soars 18% after early coronavirus vaccine trial ...www.businessinsider.com › moderna-stock-price-positi...
5 hours ago - Moderna stock surged as much as 18% on Wednesday after the ... The optimistic trial news also pushed the broader market higher as ... Goldman Sachs' 2nd-quarter earnings beat estimates as trading desks drive revenue ...

Bottom fishing :)

MBSS Historical Data
Time Frame:

Monthly
07/27/2018 - 07/16/2020

Date Price Open High Low Vol. Change %
Jul 20 0.575 0.630 0.650 0.575 4.58M -7.26%
Jun 20 0.620 0.660 0.765 0.600 117.81M -6.06%
May 20 0.660 0.630 0.700 0.620 79.30M 3.94%
Apr 20 0.635 0.560 0.645 0.550 80.53M 13.39%
Mar 20 0.560 0.780 0.785 0.460 108.56M -27.27%
Feb 20 0.770 0.785 0.805 0.745 42.37M -3.14%
Jan 20 0.795 0.830 0.850 0.790 35.51M -4.22%
Dec 19 0.830 0.840 0.885 0.830 42.16M -1.19%
Nov 19 0.840 0.875 0.890 0.835 34.32M -4.00%
Oct 19 0.875 0.835 0.900 0.820 55.04M 4.79%
Sep 19 0.835 0.850 0.875 0.825 18.81M -1.76%
Aug 19 0.850 0.870 0.885 0.820 43.40M -2.30%
Jul 19 0.870 0.910 0.915 0.865 45.87M -3.33%
Jun 19 0.900 0.920 0.985 0.890 55.28M -2.17%
May 19 0.920 0.995 0.995 0.915 54.08M -7.54%
Apr 19 0.995 0.955 1.010 0.940 54.41M 4.19%
Mar 19 0.955 1.020 1.020 0.930 82.97M -8.17%
Feb 19 1.040 0.995 1.080 0.985 47.07M 4.52%
Jan 19 0.995 0.925 1.020 0.915 51.19M 8.15%
Dec 18 0.920 0.960 1.000 0.915 39.46M -3.16%
Nov 18 0.950 0.940 1.050 0.920 61.68M 1.06%
Oct 18 0.940 1.020 1.020 0.890 80.35M -6.93%
Sep 18 1.010 1.060 1.060 1.000 60.40M -4.72%
Aug 18 1.060 1.120 1.130 1.050 149.25M -5.36%
Highest: 1.130 Lowest: 0.460 Difference: 0.670 Average: 0.850 Change %: -48.661

Revenue 771.16M Open 0.585 52 wk Range 0.46 - 0.905 EPS 0.08 Volume 4,582,200 Market Cap 3.76B Dividend (Yield) 0.03 (5.22%) Average Vol. (3m) 6,228,420 P/E Ratio 7.2 1-Year Change- 35.91% Shares Outstanding 6,533,037,000

Director purchased mbsb shares between 80sen and RM1.15 last time :)

If we keep this the islamic bank is spinned off/listed via IPO next year, very likely the share price will return to RM1+ :)

TAN SRI ABDUL HALIM BIN ALI 23-Jul-2019 Acquired 15,647 0.800
TAN SRI ABDUL HALIM BIN ALI 03-Aug-2018 Acquired 11,699 1.020
TAN SRI ABDUL HALIM BIN ALI 22-Jun-2017 Acquired 6,067 1.150

High Dividend Yield and NTA per Share

Current NTA per share is MYR 1.26. Share price is only MYR 0.575 Price to book ratio is only ~ 0.48. Suppose dividend remains MYR 0.03, this represents dividend yield ~5% which is more attractive than current deposit rate. When the economy recovers and the company's earnings improve, should the dividend payout increase to MYR 0.05, dividend yield will grow to 8.20% (Of course this is just a simplified assumption).

Furthermore, the company's ROE has been improving since 2016.

The share price is deeply undervalued now.

Best entry point is now :)



Last Price Today's Change
0.575 -0.005 (0.86%)

Avg Volume (4 weeks): 8,064,650
4 Weeks Range: 0.575 - 0.70
52 Weeks Range: 0.46 - 0.905
Average Price Target: 0.80
Price Target Upside/Downside: +0.225

Date Close Volume
14/07/2020 0.58 5,584,200
13/07/2020 0.59 8,754,600
10/07/2020 0.61 21,884,900
09/07/2020 0.61 13,555,700
08/07/2020 0.615 9,860,000
07/07/2020 0.61 13,262,500
06/07/2020 0.615 24,806,500
03/07/2020 0.62 11,172,000
02/07/2020 0.62 11,409,900
01/07/2020 0.635 5,710,200
30/06/2020 0.62 1,536,000
29/06/2020 0.61 4,482,500
26/06/2020 0.63 5,956,400
25/06/2020 0.655 4,899,100
24/06/2020 0.66 1,665,900
23/06/2020 0.655 5,213,100
22/06/2020 0.675 3,277,200
19/06/2020 0.675 4,285,600
18/06/2020 0.69 1,305,200
17/06/2020 0.695 2,671,500

agreed. go for it :)


Malaysia Building Society Bhd - Turning Red From Higher ECL
Date: 26/06/2020

Source : MIDF
Stock : MBSB Price Target : 0.70 | Price Call : HOLD
Last Price : 0.58 | Upside/Downside : +0.12 (20.69%)

Back

KEY INVESTMENT HIGHLIGHTS
Results were below expectation as MBSB posted net loss
Net loss was due to higher ECL
PPOP was within expectations
Gross financing declined marginally but deposits was stable
Earnings revised downwards by -63.5%/-37.8%/-21.8% for FY20/FY21/FY22
Maintain NEUTRAL with revised TP of RM0.70 (from RM0.80) as we rollover our valuation to FY21
Below expectations. Malaysia Building Society Bhd (MBSB) 1QFY20 results were below expectations as it posted net loss of -RM73.3m.

Turned red from higher ECL. The main attributor for the net loss in the quarter was the higher ECL. Provisions went up by +90.7%yoy due to an increase in Stage 2 and Stage 3 financing. MBSB’s two retail financing portfolios also suffered from Stages 2 and 3 deteriorations due to legacy accounts. GIF ratio went up +21bp to 5.51%.

PPOP within expectations. For 1QFY20, PPOP came in RM252.8m. This represented a -6.0%yoy decline. Main contributor was the drop in total income, where it fell -0.7%yoy. The OPR cuts and flattish gross financing were the factors that dragged total income down.

Gross financing was relatively flat. MBSB’s gross financing book declined marginally by -0.1%yoy to RM35.4b. Its personal financing portfolio, which is contributes the most, fell -3.2%yoy to RM19.8b as there were lower disbursement and in our opinion cautious sentiment from would-be borrowers. However, this was moderated by housing portfolio where both Islamic and conventional combined grew +11.5%yoy to RM6.2b. Corporate financing grew +0.2%yoy to RM9.3b.

Stable deposits growth. Total deposits grew +2.2%yoy to RM26.8b. This was led by CASA deposits which more than tripled, as it came to RM871.8m from RM250.4m as at 1QFY19. Meanwhile, fixed deposits decreased -0.2%yoy to RM25.9b. We opine that MBSB also took advantage of its banking license to reorganize its deposits.

Earnings revision. We are revising downwards our earnings forecast for FY20/FY21/FY22 by -63.5%/-37.8%/-21.8% as we take into account the higher ECL.

Valuation and recommendation. We recognize that the operating environment is currently tough. We expect ECL and GIF ratio will spike up in the coming quarters, especially post loan moratorium. Nevertheless, we expect MBSB to be stable operationally as PPOP came in within our expectation. All-in, we maintain our NEUTRAL call, with a revised TP of RM0.70 as we rollover our valuation to FY21. Our TP is derived by pegging its FY21 BPS to PBV multiple of 0.5x.

Source: MIDF Research - 26 Jun 2020

Be calm :)

WCT Holdings (HOLD, Maintain) - 1Q20: Core Loss
Date: 29/06/2020

Source : AffinHwang
Stock : WCT Price Target : 0.54 | Price Call : HOLD
Last Price : 0.485 | Upside/Downside : +0.055 (11.34%)

Back

WCT reported disappointing 1Q20 results, only breaking even at the bottom line. Excluding land sale gain of RM16m and other one-off gains, the group incurred a core loss of RM17m. Its operations were severely impacted by the government’s Movement Control Order (MCO) and we believe it could go into losses in 2Q20 before recovering in 2H20. We cut our core EPS by 18-47% in 2020-22E to reflect slow progress billings and lower profit margins. We maintain our HOLD call with a lower 12-month target price of RM0.54, based on a 40% discount to our reduced RNAV.

Below Expectations
WCT only managed to break even in 1Q20 vs. consensus 2020E of RM90.4m in profit and our previous estimate of RM98.8m. Our previous core net profit forecast of RM66.8m is unlikely to be achieved given the weak 1Q20 and potential core losses in 2Q20. The sharp fall in revenue and squeeze in profit margin led to the soft result. Revenue fell 29% yoy to RM363m as all divisions had lower revenue: construction (-36% yoy), property development (-13% yoy) and property investment (-7% yoy). Operations were disrupted by the MCO.

Boosted by Land Sale Gain
WCT sold a piece of land, generating revenue of RM25m and PAT of RM16m in 1Q20. The land sale offset the net loss of RM17m in 1Q20. Construction works stopped during the MCO except certain works on its LRT Line 3 project that would be hazardous if not completed. Sales galleries were closed and there were no new launches of property projects. Operations only resumed in May 2020. WCT focused on cutting costs including staff costs as revenue declined and managed to generate EBIT of RM24m in 1Q20.

High Order Book to Sustain Operations
WCT secured RM1.2bn in new contracts in 1Q20, mainly contributed by the Pavilion Damansara Heights Phase 2 project. This lifted its remaining order book to RM6bn, equivalent to 4.8x of 2019 construction revenue. WCT achieved property sales of RM120m in 1Q20 with the continued focus to clear its inventories. Unbilled sales of RM177m and unsold completed stock of RM742m will likely sustain its property development activity but the property market remains challenging due to weak buyer sentiment. We reduce our RNAV/share estimate to RM1.35 from RM1.50 previously to reflect a lower construction segment valuation. Applying the same 40% discount to RNAV, we cut our 12-month TP to RM0.54 from RM0.60. Maintain HOLD

Source: Affin Hwang Research - 29 Jun 2020

13-Jul-2020 Insider TAN SRI LIM SIEW CHOON (a substantial shareholder) acquired 400,000 shares on 10-Jul-2020.
13-Jul-2020 Insider TAN SRI LIM SIEW CHOON (a substantial shareholder) acquired 500,000 shares on 09-Jul-2020.
13-Jul-2020 Insider TAN SRI LIM SIEW CHOON (a company director) acquired 400,000 shares on 10-Jul-2020.
13-Jul-2020 Insider TAN SRI LIM SIEW CHOON (a company director) acquired 500,000 shares on 09-Jul-2020.
09-Jul-2020 Insider TAN SRI LIM SIEW CHOON (a substantial shareholder) acquired 700,000 shares on 08-Jul-2020.
09-Jul-2020 Insider TAN SRI LIM SIEW CHOON (a substantial shareholder) acquired 600,000 shares on 07-Jul-2020.
09-Jul-2020 Insider TAN SRI LIM SIEW CHOON (a substantial shareholder) acquired 200,000 shares on 06-Jul-2020.
09-Jul-2020 Insider TAN SRI LIM SIEW CHOON (a company director) acquired 700,000 shares on 08-Jul-2020.
09-Jul-2020 Insider TAN SRI LIM SIEW CHOON (a company director) acquired 600,000 shares on 07-Jul-2020.
09-Jul-2020 Insider TAN SRI LIM SIEW CHOON (a company director) acquired 200,000 shares on 06-Jul-2020.

Moving towards RM1 semula

Anyway, be confident, EPF dumped AirAsia shares but continue to accumulate aeon shares. In addition, more than 85%+ of aeon shareholders were institutional funds like EPF, etc.

Harga saham AEON Japan dah pulih , time for AEON Malaysia to rebound :)

8267 Historical Data
Time Frame:

Monthly
07/25/2018 - 07/14/2020

Date Price Open High Low Vol. Change %
Jul 20 2,443.0 2,527.0 2,585.5 2,374.5 2.03M -2.48%
Jun 20 2,505.0 2,366.0 2,541.0 2,347.0 1.98M 5.10%
May 20 2,383.5 2,143.5 2,407.5 2,090.5 3.14M 9.76%
Apr 20 2,171.5 2,358.5 2,360.0 2,030.5 3.28M -9.48%
Mar 20 2,399.0 1,989.5 2,485.5 1,809.0 4.82M 19.09%
Feb 20 2,014.5 2,210.0 2,379.5 1,980.5 48.60M -10.61%
Jan 20 2,253.5 2,230.0 2,399.0 2,210.0 36.46M -0.09%
Dec 19 2,255.5 2,240.0 2,321.0 2,172.0 31.87M 1.01%
Nov 19 2,233.0 2,170.0 2,327.0 2,156.5 33.50M 2.20%
Oct 19 2,185.0 1,984.5 2,257.0 1,960.0 49.33M 10.33%
Sep 19 1,980.5 1,880.0 2,065.0 1,845.5 45.33M 5.12%
Aug 19 1,884.0 1,880.5 1,947.5 1,794.0 56.20M -0.42%
Jul 19 1,892.0 1,862.5 1,974.0 1,820.0 51.02M 2.22%
Jun 19 1,851.0 1,852.0 1,911.5 1,813.5 44.20M -1.41%
May 19 1,877.5 2,056.5 2,066.0 1,875.5 54.08M -8.62%
Apr 19 2,054.5 2,340.0 2,368.0 1,998.0 53.30M -11.31%
Mar 19 2,316.5 2,349.5 2,372.0 2,216.0 44.60M -1.26%
Feb 19 2,346.0 2,208.0 2,416.5 2,204.0 52.63M 6.23%
Jan 19 2,208.5 2,110.5 2,244.0 2,094.0 63.78M 2.74%
Dec 18 2,149.5 2,732.0 2,732.5 2,078.5 93.47M -21.00%
Nov 18 2,721.0 2,585.5 2,792.0 2,555.0 52.71M 5.06%
Oct 18 2,590.0 2,735.5 2,740.0 2,513.0 60.91M -5.39%
Sep 18 2,737.5 2,393.0 2,746.0 2,343.5 48.43M 13.75%
Aug 18 2,406.5 2,269.0 2,481.5 2,245.5 57.02M 6.18%
Highest: 2,792.0 Lowest: 1,794.0 Difference: 998.0 Average: 2,244.1 Change %: 7.8

Tomorrow, last day for dividend

Tomorrow, before and after egm, more interesting

dapat dividen sementara menunggu kenaikan harga saham eaon :)

seronoklah, beli aeon sekarang, terima dividen pada julai 30. berbaloi

[AEON] Final Dividend on 21-May-2020
Stock [AEON]: AEON CO (M) BHD
Announcement Date 21-May-2020
Financial Year 31-Dec-2019
Subject Final Dividend
Type Dividend - Normal or Special
Description Final dividend of 4.00 sen per ordinary share in respect of the financial year ended 31 December 2019
Amount RM 0.0400
Ex Date 15-Jul-2020
Entitlement Date 16-Jul-2020
Payment Date 30-Jul-2020

beli sekarang dapat dividen bulan ini.... pulangan dividen jauh lebih tinggi daripada kadar bunga simpanan tetap di bank juga

21-May-2020 15-Jul-2020 DIVIDEND Final Dividend RM 0.0400
29-Apr-2019 13-Jun-2019 DIVIDEND Final Dividend RM 0.04
24-Apr-2018 12-Jun-2018 DIVIDEND Final Dividend RM 0.04
27-Apr-2017 13-Jun-2017 DIVIDEND Final Dividend RM 0.03
26-Apr-2016 14-Jun-2016 DIVIDEND First and Final Dividend RM 0.0400

kwsp percaya dan anggap harga kini murah, beli secara berterusan :)

EMPLOYEES PROVIDENT FUND BOARD 30-Jun-2020 Acquired 353,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 29-Jun-2020 Acquired 800,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 17-Jun-2020 Acquired 263,600 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 12-Jun-2020 Acquired 580,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 24-Apr-2020 Transferred 3,510,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 23-Apr-2020 Acquired 66,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 31-Mar-2020 Acquired 51,600 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 26-Mar-2020 Acquired 787,387 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 25-Mar-2020 Acquired 400,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 25-Mar-2020 Acquired 300,900 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 24-Mar-2020 Acquired 360,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 24-Mar-2020 Acquired 304,400 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 23-Mar-2020 Acquired 403,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 23-Mar-2020 Acquired 300,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 20-Mar-2020 Acquired 1,552,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 20-Mar-2020 Acquired 800,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 20-Mar-2020 Acquired 13,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 19-Mar-2020 Acquired 345,100 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 19-Mar-2020 Acquired 196,300 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 18-Mar-2020 Acquired 350,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 18-Mar-2020 Acquired 90,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 18-Mar-2020 Acquired 87,400 0.000

dijangka akan balik ke harga 1.30 - 1.5+ tak lama lagi :)

AEOM Historical Data
Time Frame:

Monthly
07/24/2018 - 07/13/2020

Date Price Open High Low Vol. Change %
Jul 20 1.010 1.020 1.030 0.995 3.69M 0.00%
Jun 20 1.010 1.020 1.080 0.990 54.65M 0.00%
May 20 1.010 1.120 1.200 1.000 21.98M -10.62%
Apr 20 1.130 1.130 1.160 1.000 29.83M 0.00%
Mar 20 1.130 1.350 1.350 0.910 34.52M -18.12%
Feb 20 1.380 1.340 1.400 1.280 18.78M 1.47%
Jan 20 1.360 1.430 1.450 1.330 30.22M -4.23%
Dec 19 1.420 1.510 1.540 1.410 16.31M -5.33%
Nov 19 1.500 1.650 1.660 1.500 9.27M -9.64%
Oct 19 1.660 1.460 1.660 1.450 18.69M 13.70%
Sep 19 1.460 1.480 1.560 1.450 10.35M 0.69%
Aug 19 1.450 1.700 1.790 1.450 33.71M -16.18%
Jul 19 1.730 1.720 1.830 1.660 22.39M 2.37%
Jun 19 1.690 1.500 1.780 1.480 33.12M 11.92%
May 19 1.510 1.440 1.550 1.380 12.69M 4.86%
Apr 19 1.440 1.500 1.530 1.410 12.11M -2.04%
Mar 19 1.470 1.650 1.660 1.430 18.59M -10.91%
Feb 19 1.650 1.570 1.690 1.510 55.85M 6.45%
Jan 19 1.550 1.470 1.570 1.390 37.42M 5.44%
Dec 18 1.470 1.660 1.700 1.470 12.05M -10.91%
Nov 18 1.650 1.690 1.930 1.650 25.24M -2.37%
Oct 18 1.690 1.710 1.790 1.510 37.33M -0.59%
Sep 18 1.700 1.920 2.060 1.670 27.51M -11.46%
Aug 18 1.920 2.270 2.270 1.860 18.18M -15.79%
Highest: 2.270 Lowest: 0.910 Difference: 1.360 Average: 1.458 Change %: -55.702

recently, mat salleh jual, mungkin mau bawa duit balik eropah :)

ABERDEEN ASSET MANAGEMENT PLC 05-Mar-2020 Disposed 22,400 0.000 View Detail
STANDARD LIFE ABERDEEN PLC AND ITS SUBSIDIARIES 05-Mar-2020 Disposed 22,400 0.000 View Detail

ABERDEEN ASSET MANAGEMENT PLC 04-Mar-2020 Disposed 335,800 0.000 View Detail
STANDARD LIFE ABERDEEN PLC AND ITS SUBSIDIARIES 04-Mar-2020 Disposed 335,800 0.000 View Detail

ABERDEEN ASSET MANAGEMENT PLC 03-Mar-2020 Disposed 177,800 0.000 View Detail
STANDARD LIFE ABERDEEN PLC AND ITS SUBSIDIARIES 03-Mar-2020 Disposed 177,800 0.000 View Detail

at Rm1.01, ex-dividend price will be 97sen, expecting it to rebound above RM1 quickly :)


aeon unlike airasia, tak perlu right issue, tak perlu berbilion-billion wang pinjaman untuk hidup :)

aeon masih untung dan ada jumlah tunai yang kuat/banyak.... div 4sen sesaham