HI Chinaman,Salcon is lefting the last piece of water assets in China to be disposed (RM 40m) and thus their cash level likely will not reach RM 400m.But no worry,Salcon FV will be above RM 0.85.just be patient.

SUPERMAX will reach RM 4 not far from now,stay tune

ERKONGSENG,your valuation is reasonable as mine was Rm 6.45.I am very confident as realization of kianjoo on q1 2016 will be one of the 轮滑剂.

I am agree with you cashonhand as mine FV is (0.8-1.2) but may I know how you derived your IV?

Hi Michelle.Merry Christmas to you at the first place.Stagnant is actually good sis.But I think the booster will not solely depends on the fin report but rather management intention.Lets patient and see.

TSRCAP will be stocks that 可攻可守 although the its lack of spark.But at least still got something.Stay tune.Looking forward for it to come towards 75-80 cents by May 2015

bro sharktank increase TP,great!!!

TP 18 is a bonus for me then market388,haha.thanks buddy

Hi TK,aware you are an professional and qualified finance industry participants as compare to mine (pls check my background) and thus your words will need to be given higher credits and place more attention.

But with my limited knowledge,putting an avg PE of CANONE at 10 will marked him above RM 6.5 do not forget the current price was now restrained by Kianjoo issue but looking forward it will be booster for canone next year stay tune.

Back to TK,since you are involve in family office,I do not know what it your funds mandate but I am hoping your funds is a comprehensive one which covers both listed co investment as well as private Equity as Malaysia PE industry was far below average .

Keep it up all buddies.

HI Sharktank,your view is correct but I have a more bold TP (RM 0.85-RM 1.20) due to

[1]REV and PAT improving with good CF
[2]Increment cash value and reduction in TL
[3]Low PE,PE should be justified at 15 for good PEG

Pls be advise that my opinion may be wrong too due to my background (pls check my profile).

FV of INIX should be 14.5 and above while INIX WA should be 5.5 and above due to its participation of reclamation industry.

Tiger will be a good buy below 10.FV of Tiger should above 0.16

RUN!!!!!!!Faster Run!!!!haha

Buying more XOX,no worry.

It is interesting to observe how big player manage their accounts.High Hand in generating risk free gain and cash!!!!worth to observe and learn.For retail investor,we just tag along-symbiosis no worry

pls check whether MAYBANK etc on the list bo?So that means INSTI SELL THEM TOO?

Sell!!!,faster sell!!!!haha

Capital repayment will have effect on share price!!!!!!!

OR is your rights of entitlement in subscribing the shares,you can choose to subscribe or not to,if not then you can sell at market starting Oct 19,2015.If you do not subscribe and not sell your rights,your shares will be diluted then.Sure if you subscribe,then your total investment will be increasing over Bornoil.Cheers.

Haha,Murali.Ya,I repeat,I am so happy to see Bornoil to trade worthless,got chance oh.haha.

I am so happy to see OR will worthless

110,000 lots,low vol?haha

Looking forward mbmr wa could fetch 0.75 by sept 2015 as state by luvluv

Looking forward mbmr wa could fetch 0.75 by sept 2015 as state by luvluv

apini 不经 一番惊和怕, 焉得股价几倍翻
18/03/2015 20:00
.
Yes,I have marked it down as a phrase collection in my notes.

Dear Friends

A wise investor will not be affected by what others said as we should have see what others dont see in the co especially if we are also involve in private Equity and venture capital as the same methodology of value investing is applicable anywhere.

Bro ICON8888,I am understand bro concern but I also wish said a few words.if readers are confuse and making their own stance shaking by just looking at the statement,then I think the reposting will be worthwhile as it will be serve good training for their own psychology and also the retest of their investment philosophy because value investor are in many situation need to be tahan "loneliness" and be holding a contrary view against most of the players in the market.And I am believe bro should is already one of them in the list of wise investor and I am also see that many of the investors in i3 also possess a positive investment attitude which is valuable nowadays as many of them especially youngsters are looking forward a fast money without understand the real meaning of investment.

Dear Apini,we are no need so care about Wong's comments but rather just treat it as an ordinary conversations or opinions because time will tell and water will find its level one day as long as we are buying the company that meeting our own selection criteria.

Cheers

Dear ICON888

Here you go

Posted by wongchowsang > Oct 13, 2014 05:23 PM | Report Abuse

apini, share not only mathematic, not only see pe, nta, profit or loss. share was about fund and investor, even there was a bankrupt share there still can up to some level. if your assumption was right, then so many stock was undervalue and look of many stock of PE, do you think only gadang was the great share?

you confidence in gadang because u focus on gadang, but how long you in the share market? if you long time in the share market, you should know there was many impossible happen.

i just want to said, RM1.20 best buy, u trust or not trust depends on you, and gadang will never go up to RM2.00 again between 2014 and 2015. sorry for guys who dont like to listen the fact.

gadang story end already, many fund manager start the sell call, i not lie you, you got fund manager friends, please go ask, i cant talk much, just share what i know.

Pls re-read my ex post.i have stated clearly.it is that difficult to interpret.

Dear friends,icon888 and apini

Haha.gadang story will not end until and unless they incapable of securing new contracts or property launh which I do not foresee in the new future 3 years.the above is a cut and paste from a member call Wong in i3 since bro icon888 mention that Wong seems to have close link with the the insider for the issue of price maintenance.so that I dig out the Wong comments and repaste it here.no other intention.pls relook the last line of my last comments as I have indicated clearly there.for my comments towards apini chinese phrase,it is really a great phrase and I have copy down those word in my notes so that I can used them as an expressions for my future usage.

Temporary uptown Is not my concern at all as gadang fundamental still intact as mentioned by icon888.the lower they go the more happier I am.i am holding a big part of warrant at the moment and have been conditioned my self for conversion now while slowly accumulating some mother.

Conclusion.gadang is a good buy now and we should buy more if mr market is irrational.our patience will be rewarded fruitfully.remember,water will finds its level.

Cheers.

apini 不经 一番惊和怕, 焉得股价几倍翻
18/03/2015 20:00

Great phrase.

Stock: [GADANG]: GADANG HOLDINGS BHD
Oct 13, 2014 05:23 PM | Report Abuse

apini, share not only mathematic, not only see pe, nta, profit or loss. share was about fund and investor, even there was a bankrupt share there still can up to some level. if your assumption was right, then so many stock was undervalue and look of many stock of PE, do you think only gadang was the great share?

you confidence in gadang because u focus on gadang, but how long you in the share market? if you long time in the share market, you should know there was many impossible happen.

i just want to said, RM1.20 best buy, u trust or not trust depends on you, and gadang will never go up to RM2.00 again between 2014 and 2015. sorry for guys who dont like to listen the fact.

gadang story end already, many fund manager start the sell call, i not lie you, you got fund manager friends, please go ask, i cant talk much, just share what i know.

Digging back some info by some member as mentioned by bro ICON888 and tonylim.Enjoy

Dear Annchua

Since we are the share owners,how much that we willing to sell "our" biz per share to the next buyer if such a biz generating a EPS of 50-60 cents per annum.By asking this simple question,I believe you have come out with your own number.Would you?

Cheers

Dear Calvin and Paperplane

Indeed ILB is traded below its NCAV,but however,co efficiencies is definitely in doubt.After disposal of China assets,their remaining ops still operating in a unfavorable performance,thus while we are practicing NCAV methods,it do definitely works worldwide (my previous experience in NCAV was in Watta and Gmutual and hoover In Malaysia about 1.5-2 years ago)but we should never undermined the effects of qualities issues too.Just for sharing.

Calvin and Paperplane,from the quality of wordings that you guys posted in i3,I found that you guys are good and keep it and nice to know someone who are interest and yet knowledgeable int investing journey.

Cheers

You have not taken into of the dilution by NCI.cheers.Please take note in future.But indeed AWC is a good buy now due with improving financial performance.

Conclusion;BJCORP is undervalue from my analysis and how fast we can reap the fruits.It depends on our personal investment strategy and targeted returns as well as derivation of BJCORP value.

How much you weight BJCORP value then?

However,from my eye,this can be short (one year) and long term play (more than 5 years play) or perhaps we could have free shares play post June 2015.

Cheers

BJCORP is not qualify as the ordinary value stocks in which they are stable in Biz performance (ie.ROE and net margin etc) but however as a investor,we should able to get our eye deep into co value.Remember,there are many forms of value investing and there is no right or wrong but results will proves it self

As written by some of the members here (ie Calvintaneng as well as hng and others),BJCORP is an asset play stocks in which we are getting our safety net via ok discount over its NTA while we can get another layer of protection via clear biz prospect (as they are likely to be turning around this year) and thus enabling us to sit on the "sampan" while we in the process of attacking war ship with lesser risk.This is not exactly like a traditional net net play etc as investor should have "clear eye" in understand BJCORP operation and its underlying value.

Coming back to the worry of value traps.This is some of the question often posting towards me by my peers as well as research team as almost of them are worry about value trap.For me,it is pretty easy to understand this.First of all,we should ask our self,what is the real meaning of investment?Then what is the real meaning of value trap?Most of the people are worrying on that is because of being worried to be caught in the long investment realization horizon and fundamental reason for that to reason is because nowadays investors is more prefer for so called FAST MONEY and thats is the fundamental different between professional investor with ordinary investors.My intention in writing this is just to highlight the importance of patient and investing psychology and there is no right and wrong again for short term trading.I myself do sometimes trade for stocks and futures although I am not doing that frequently.But it is unfortunate to see any punters able to make it successful history till now from my 16-17 years investment journey although I am just 26 years old now.

Again,investment is not about how smart are we and how resourceful we are.but rather do we see others do not see.A wise investment decision is not a guarantee for a sure win bet but if we able to master the skills rather than solely paying attention to the results,I strongly over the long term,we can see the different on that.

Cheers

IREKA will be a good buy now.Cheers

THANKS Mr Tan KW.

Deat Tan KW.

Sorry to bother. how can I adjust the cash ya?

maintain.

Yes lai63.Kulim special div will affect exe price because it arise as the result of capital reduction and not the same with Puncak.Cheers

Gadang WA will be a better buy even though it will expire on Sept 2015.We wait and see.

Dear TAN KW

I have created a portfolio and would like to participate.Thanks

http://klse.i3investor.com/servlets/pfs/42220.jsp
Cheers

Dear Friends

I think most of us have known contrarian investing but however do we really understand the essence behind it?

First of all,yup,the current downturn in oil price makes the O&G industry player looks doom but again water will finds its level and reach its equilibrium price (which the level is much more higher than current level)(perhaps in 6-one year time) then we will see the spark of investor ignite again and thus pushing up the valuation of the player.Moreover,we should understand that Puncak is not exactly is the O&G player but rather for me I will treat them as a contractor/constructor for the project etc as Puncak is not in the exploration.Thus investing in Puncak is also a contrarian investing against the peers (as we are investing in the co which most of the people have negative outlook of the industry)

Secondly,if not because of the sale of water assets I will not invest in Puncak as I viewed that the valuation of Puncak is relatively high before.However,the recent sales will spare the co with huge cash pile and the recent market turbulence has pressing down the price.With the ok order book of RM 2.5B,the visibility of Puncak is clear.I believe Hng33 has explained the changes in cash hoard very clearly in his previous posting.

KESM and KSENG no doubt is a good balance Sheet co but however their share price will not get some spark due to below par earnings power.For me,both of them is a asset play (RNAV or NET NET PLAY) and it will be a good buy if those fall by 30% from current price.Another reason why I am investing in Puncak is because I opined that ROZALI is not a man who are satisfy with current situation and he will keep on enterprising to fully maximize the potential of the co while KESM biz is static (although they have make an initiative to take part in auto equipment testing biz) while KSENG is basically no spark over its expansion plan.

Thus,in conclusion.I am looking forward to participate in a less risky (strong cash and low liablities post disposal) with ok valuation (our cost can be as below RM 1.60 post dividend if we have buy before RM 2.60) and we could have a chance to participate in the recovery of O&G industry.

Cheers

http://klse.i3investor.com/servlets/pfs/42220.jsp

Dear Friends

Rather we should getting angry with OLH offer,we should say thank you to OLH thanks for his kindness offer and thus providing us a cheaper entry cost for PJDEV as well as PJDEV WC,with the duration of 6years and not much premium,it is good value buy

悟道，悟性，悟心智

Dear Friends

The computation of BSM model is useful but this advance tools might not necessarily be the sole valuation method for warrant especially for MRCB WA.

We can simply took check through via its parity and compare the gearing as well as premium which in the approx range with the parity of MRCB. Then we can easily see the relationship between MRCB and MRCB Wa and thus valuation of MRCB WA

Cheers.

Dear Friends

TalamT loss quarter result is within expectation as per interview statement of Theedge lately as they will have a process of kitchen sinking is which they will recognized all accounting losses this financial year and start fresh next year.

TalamT is a long time stagnant equity in Bursa due to its poorly manage financial performance and bad reputation in development line.However,TalamT is now on going an transformation plan that will thats them move forward.With the completion of the unfinished projects last year (with the help of IJM),TalamT will start a fresh light 2nd Half with new developments in several areas with partnering well known developer.

With the change of majot shareholders in Keuro.I believe TalamT will regain its momentum soon to make a great come back to the market.

I understand that there are still many critics throwing over TalamT but from my eyes TalamT is the distress reversal play (like previous keuro) in which they are gradually turning around.

Cheers

Dear Friends

It is great to see that JImYeoh,kiter as well Shacks has start the move to protect one of the valuable members here in i3.

Although I just joining this forum not so long ago,but I had reviewed through many postings and there many of them which I think is a unprofessional and some even had a means of personal attack.

From my perspective,for those who blame anyone because of its inaccuracy in predicting the movement of stocks prices,it is a shame actually for me if I am in your position as you cannot dig out the value stocks while depending on other people opinions and then turnaround bad mouthing people which is reflection of immaturity and I believe you cannot go far and become a master or in chinese it means 大师.Note,the word of master is not solely measure by the success but rather also the philosophy its carry.

Coming back to PJDEV.For those who likely to be disappointed if the result of Mar had not reflected the gains from the previous two proposal,then I think it is better for you to leave stock market (especially for those who just entered one two weeks before) as I believe you will not going far in the investment journey.In simpler terms,can you name me one of the short term investor (holding period not more than a month) who can consistently beating the market with significant gap or consistently generating a 7, 8 and even 9 figures in the market over the long run.But I had seen many of them since I am starting investment at the age of 9 even from the the global market.You are right,from 9.

I do not know whether the above comments will attract any negative comments or not,but my intention is just to voice out one of the core elements in investing-the patience.

Again,for someone who continue blaming anybody for not reaching target price within the particular timeframe.Please think twice when you voiced it out.I am very appreciative that many of the forumers willing to share their picks (especially for value stocks-ie.ICON8888,Uncle Koon,leeyinhov,cytew as well as Mr Ooi.) without any cost and they do not have obligation to do so.It is not easy to meet someone in the public space who had the interest in stocks or warrant investing (as many of them are just followers),thus we should very thankful that we can exchange each other info and we can share with open heart the investment philosophy that each of us carry then only we can learn from each other.Wouldn't it?

Cheers

Dear Friends

Selling off non-core assets is one of the strategy for short and mid term booster for companies.
Yup,they had sold off MRCB IT but I do not know the want to sell construction arm as well,whether they intent to do or not,from my point of view,it is great news as construction are the laggard as well as margin stripping operations for MRCB thus if they really sold it off then the overall margin of the company will be improve.

Coming back to our investment,buying equities provide us an opportunity to dispose off the shares easily as compare to we involve directly in the business,thus we can decide to get in a great company while we can exit when they are overvalued.For MRCB,may be you are right Zeeai,as they just repeat the asset dumping process (like MAS) but we as an investor can ride on this process when the profits are recognized on asset disposal.

I do not know your holding cost as well as holding period when you first bought MRCB or MRCB WA.However,I am strongly recommend you to convert the mother shares to MRCB WA as there is a high gearing here.

Cheers