Anyone knowing when the new terengganu hospital will be operate?

After SILK highway disposed successfully, SILK will become a pure O&G player.
It will ride on the uptrend oil.

Forward PE = 8.6 x 4 = 34.4 sen

Based on PE 9 times, the share price can go as high as RM3.10.

Let put a discount of 30%, SSTEEL should be at RM2.16 level.

So short term target RM1.60 is achievable.

Long term target is RM2.16, if next quarter SSTEEL produce the same or better result as current quarter.

Yup, old news. But what moneykj try to highlight here is there is very high possibility that the RM66 mil will be reflected in coming QR.

My 6 cents told me that the result will be same like CSCSTEEL, it has been reflected in the share price since last month.

Calvin Tan, don't you think that a company who has RM1 billion assets, but only can generate RM13 mil revenue, and RM1 mil profit per quarter is very lousy?

Compare with Inno, that company only have around RM400mil assets, but can generate RM41 mil revenue and RM13 mil profit per quarter.

But anyway, your above portfolio is much much better than tiger, I'm glad you didn't buy Tiger.

Erm... I remember that day you said you have bought 1 million unit of TIGER.
Why it is not in your portfolio?

Two years ago, there is one forumer name "Datuk", last time he always claim he know Vincent Tan very well, and "Datuk" made a lot of money from BJCORP.

Where is the Datuk now?

newbb, as I mentioned last time, SSTEEL increase its borrowing to payoff its trade payable. This is because majority of its trade payable are in foreign currency, as MYR is weakening every month, it is a smart decision made by the management, to reduce the exposure in foreign exchange.

Now the company back on the track and can continue generate more profit, so I believe very soon company can announce bonus issue. (unlikely will declare high dividend, as this company need to reserve more cash on hand).

Once bonus issue announce, many ICULS holder will convert their ICULS to mother share, and company can save the interest cost, but EPS will be diluted as well.

I also BIG Like!! Thumbs up for Zefftan

Be aware that rubber raw material price has increased a lot recently..
All glove counter profit margin will be eaten by the raw material price..
Hard to transfer price to buyer, as now glove market are very competitive, supply more than demand.

TheContrarian, I found that you are much much more smarter than the headless chicken Calvin.. I agreed with your comments, the all plantation land that Dutaland hold is treeless, that why its revenue contributed from Plantation segment are so low.

Last year Dutaland got some announcement on the Kenny Height land right (together with Olympia), do you mind to further elaborate the transaction to us, such as what is their plan on the land, so far any development project carried on there, what is the profit sharing between olympia and dutaland?

Beside that, do you have any update on the Grand Duta Hyatt Hotel? Last year I passed by I saw got worker putting on the safety net on the construction area, but not sure what is the current progress. If you know, please share more to us.

MrPauper, I'm just small potato, my 30% gain is less than 3% gain that you made, haha! But anyway, let's hope SSTEEL present a nice quarter report, and hope it can be the first counter that limit up in Year 2017. Cheers!

MrPauper, good to know that got ample of time to collect, but sad to said that I got no $$ to collect.. All $$ went in d

Sherlock, don't worry, my vietnam freight forwarder friend said the pollution case doesn't affect the operation of Chin Well Factory. However, as mentioned earlier by the ChinWell Director, the export to Europe are dropping, due to competitive from China, and slow demand for industrial fasterner. So now their Euro Market mostly depends on the DIY product.

1 billion market cap doesn't mean share price sure will hit RM2.86, maybe company achieve it through right issue, private placement, Esos..etc. I am not familiar with this company, so I can't comment more,

MrPauper, I though Southern Steel HRC plant has shut down since the new production line cannot operate? Did Souther Steel have other HRC Plant? Please advise.

Chong Chin Meow, did you notice Datuk disposed 32 million share @ 4sen, and now you bought 1 million @ RM0.045.
Did you ask yourself, why Datuk dispose so many share?

WealthWizard, are you still on CNY Holiday leave?
We are waiting for your report, hope can see you publish it as soon as possible.

who is lexcts, why you keep looking for him/her?
He/she can help us to push CSCSTEEL to RM2.50?

Datuk, you are the one who goreng Tiger, don't pin-point to other people ok?
Please look at bursa disclosure yourself, then you will realised how many transaction you have traded over the years. Please spend more time to focus on your business, don't always goreng share, company pay you the salary is for you to work, not for you to trade share everyday.

BUKIT MINYAK: Steel production curbs in China is good news for manufacturers around the world.

Chin Well Holdings Bhd, a Penang-based maker of industrial grade fasteners, sees a strong pick-up in demand next year as clients in Europe stock up in anticipation of a further increase in prices.

“The price of wire rods has gone up by more than 80% since early 2016 because China has cut back on steel production,” Chin Well group executive director Tsai Chia-ling told StarBiz.

“Customers expect the price of steel to continue to go up in 2017,” she added.


The stocking-up by customers in Europe also coincided with the seasonal surge in demand.

“We can also expect more buying from Europe next spring because that is when a lot of construction activities start to happen,” Tsai said.

“The weakened ringgit will also help to make our products more attractive to customers,” she added.

Zai Zai, last time you said you confirmed Ann Joo and SSteel wont merge.
Any reason made you to think so? Can share more info with us?

One day SAB will become like AJINOMOTO.
Its assets value will be release, EPS will be increase, and share price will follow up.
Give it few years, sure it can break RM10

Where is boneschythe?

Why CSCSTEL drop so much in the past few weeks? Any specific reason?
1) Company sell treasury share?
2) KYY dispose?
3) Quarter result below expectation?

Why rely on chart?
Today got good news, many people buy, so MA20 cross above MA200, so you go and buy.
Then tomorrow overall market down, many people sell, so MA20 cross below MA200, you sell again.
Then another day market rumour said company got new contract, many people buy, MA20 cross above MA200 again, then you buy again.
One week later, 1MDB got bad news, KLCI drop heavily, MA20 cross below MA200, you sell again.

Revenue stagnant = No Growth
Revenue stagnant, and profit decrease = Margin Squeeze
ROI < 10 = Not efficient
Based on 10 times PE, the share price is reflect its value d.

However, if the coming quarter revenue can exceed 35mil, and net profit above 3 mil, then it can reach 26 sen.

SILK's oil and gas division is JASA MERIN.
Jasa Merin brand name is a very strong and reputable brand in OIL & GAS Support industry.
As oil price start to recover, JASA MERIN will be able to turn into profit very soon (within 1-2 years). And if the sale proceed use to payoff the debts, the JASA Merin will be very profitable in future, as majority of its cost is the loan interest.

Last time IJM announce to buy at RM398mil, silk's price surge to RM1.20.
This round PNB announce to buy at RM380mil, silk's price will surge to RM1.15.

Will this abort again? NO NO NO, because it is PNB, not IJM.

moneykj, please do more homework.

MoneyKJ, is bond la, not internal fund la.

Good to have Chin Well = 有你”真好“

Haha, wealth wizard's report is now more popular than Investment Bank report d.
I believe many Research House is waiting for your report, so they can copy and paste into their own report..

Can anyone share with me how much revenue Vietlot has contribute to BJCORP in the last quarter result?

Mother price drop, warrant also drop.. Many warrant holder will give up to convert it into mother share. Haih.. Useless management...

Waiting for Wealth Wizard article

cooldownguy86, if you look at the last quarter report, you will realised that the Trade Payable has reduced substantially. The company has increase its borrowing in RM to payoff its trade payable in USD or EUR. The company made a good decision, as USD has strengthen so much compare with few months ago.

When i was young, I work in an audit firm.
That time I was assign to participate in a due diligence project (Company A being acquired by Company B, both listed company).
I was very happy and I ask my brother to accumulated the Company A share.. From that day I bought until I left the audit firm and change few jobs, the deals is still not on. If not mistaken, it was only done after 3-4 years.

What I try to say is, maybe KS55 need 3-4 years to prove what he said today is truth.

mjy88, the new hospital is only 130 only la. For a Hospital, 130 beds consider very good d.
For reference, all Columbia Asia Hospitals have less than 100 beds.
Prince Court KL Hospital have 277 beds only.
SJMC have 393 beds only.

So for TDM Terengganu, 130 beds are very suitable size.

Corporate merger... haha.. then I think SSTEEL at least worth RM2.60.

投资有风险，25年里小杰可能面对2次大经济风暴和无数的小风暴，所以到头来小杰的资产可能剩下200千。

Anyone holding Digista-wa? As it is going to be expired soon, May I know what is your plan, to sell, to convert, and let it become waste paper.

I have spend sometime to study the entire history of the company, and I can summarize it as below:-

The fact are as below:-

1) Digista-wa has around 100 million unit, and all this 100 million is hold by retail investor, Datuk Wira already sold all his Digista-wa few years ago.

2) If we assume all this 100mil WA holder convert it to mother share, then Digista will raised RM13million cash at no cost.

3) However, if all convert, then EPS will be diluted by 20%, and Datuk shareholding will also be diluted by 20% (current Digista's ordinary share is around 500mil, if all converted, then will increased to 600 mil)

4) As digista's gearing is already very high, it is very difficult for the company to get financing anymore.

5) As Digista already have few round of private placement in the past few years, all almost all the private placement subsriber are facing loss, as the share price keep dropping, so I think it is very difficult for the company to raise new capital anymore.

6) Looking at the uncertainty economy for 2017, every business holder would prefer to have more cash on hand, especially if this cash are non-interest bearing.


My opinion are as below:-

1) Since Datuk Wira no longer hold Digista-wa, so the expired are unlikely to force him to have any movement.

2) Digista mother share are unlikely to drop below RM0.13, because if do so, then the company will lost its opportunity to raised RM13million fresh capital.

3) In Sep 2013, Datuk sold off all his Digista-wa, around 40 million unit, so where is this 40 million warrant now? If you look at Digista-wa volume, it is very unlikely for the market to absorbed 40 million warrant in few day, so there must be some invisible market player swallow it.


Conclusion:-

I believe the share price might go up in coming few weeks, so that people will interested to convert the warrant into mother share.

Hi Mr Tan KW

My stock pick for Year 2017 are:-

1) CHINWEL- 25%
2) TDM - 30%
3) SSTEEL - 20%
4) DIGISTA - 15%
5) SILK - 5%


Reason:-
1) CHINWEL - This company has strong market share, cash flow is stong, dividend yield is good

2) TDM - Palm Oil + Hospital business will never get wrong

3) SSTEEL - This is a sleeping iron dragon. Once it wake up, its share price will on par with AnnJoo

4) Digista - Worst has over, it will start received consistent monthly concession income.

5) SILK - Waiting for someone to buy its SILK highway.

I lost not less than RM500k in the past 11 years in stock market, I have being cheated by so many listed company, I learned a lot of trick they play, how they con retail investor, so I think my comment to you carry some weight, please do consider, no harm ya.

Beside that, the RM652 million is also a trap for those who not familiar with accounting standard.

This is a PFI project, that mean Melati have to incurred it own cost to build the building, then only lease back to government for the next 30 years. After 30 year, the building below to government.

That mean, during this 3 years of construction period, they wont be any net profit earned from this project. And the cash flow will be very weak, as it will only have money outflow, but no money inflow.

To finance this type of big project, Melati have to borrow loan and it will incurred loan interest.
If I assume Melati borrow RM400mil loan @ 5%, then average interest per year is RM20mil.
This RM20million incurred dutring the construction period (3 years) is not able to capitalised, it will directly charge to Profit & Loss.

Therefore, since the price still ok, you better quit yourself first, wait until 3 years later, the project completed, then only you come and enjoy the fruit. I'm sure you can buy at cheaper price than now.

erkongseng, why you trust this Melati Ehsan so much?

If you are free, please spend a little bit of your time, go to find out what happen on its project at Taman Ehsan Jaya, Pandamaran.

After you know the issue and problem face by this developer, you might change your mind on this counter again.

maybe we should question who bought the 55 mil warrant from him?
I think retailer maximum take up 20% of the 55 mil, balance 80% must go to another big shark hand, right?

For investor who know well of Digista, they should know that Digista like to adjust the account at the Q4, no matter how good the result in the past 3 quarter, when come to Q4, it will be adjusted to heavy loss.

Why Digista like to adjust it on Q4? The answer is very simple, Q4 is the last quarter, this is the only chance for company to make sure its quarterly report would not vary from it audited account.

Conclusion, based on this Q4 report, we can sure that Digista now is on the track. All the net profit it declare in Q1, Q2 and Q3 are reliable, it annual EPS is roughly 2.30 sen.

Based on 10 times PE, it share price should be minimum RM0.23.