Somebody is a paranoid, got easily agitated in a personal discourse. All along the writer is just giving his personal comments and views on the stock which may or may not concur with the view of others including HJey's. In no way is the writer's comments making or attempting to make any deliberate act to discredit HJey's comments. Her personal attack on the writer is unprofessional and deemed vexatious.Be professional, HJey!

Right on buddies!!! When institutional funds buy, they will normally beat up the price to some
25-30% gain. Price may be temporary rattled by Vincent Tan's proposed application for a casino licence at his resort near Genting. I doubt very much his application will be successful

As investor, what are you looking for as return in an invested stock? Obviously, it is the good dividend payout, appreciation in share price and/ or bonus issue.( with capital gain after ex-date ). If none of these happen, then what is the purpose of investment

What is so great about mere 3 cents dividend payout per share ( now rm1.79 or 179 cents) when the company is raking in EPS about 19 cents for the FYE 2013. With little or no appreciation in share price, might as well invest in bank's fixed deposit which pays higher than 3% p.a.for every 100 cents

Hi, Candygirls. Sorry, don't understand mandarin. Can you translate your main point in English

Ha, ha,ha!!! That is a good and humorous one

Hi, Eric, I wish your dream comes true!!! However, i am skeptical about the prospect of share price short- term, mid- term or otherwise. With the implementation of GST next year, prices of items including cooking oil and mineral water will go up. With inflationary pressure and reduced household disposable income, many households will naturally switch to cheaper products which may cause adverse demand of the company's core products cooking. Simple economics will tell you that when prices of products go up, demand fall ( cheaper brand may experience increase in demand ). What then is the long term plan of the company to address and mitigate the adverse impact. If i am not mistaken, the company had recently purchased some land in Sabah for cultivation of oil palm. It may be a blessing or it may be a sour investment. You see, currently oil palm industry is facing the following problems : (1) over production causing build up of stocks and inventories (2 ) low oil palm prices , even below break-even price (3) threat of alternative soya bean oil (4) drop in global demand of palm oil (5) increasing global oil palm production as yield from Indonesia increase. If price of oil palm is below cost break-even price, then the company may have serious profit implication and it may be cheaper to buy from external source rather than bearing the higher cost of maintaining the oil palm plantation. I may be wrong, but friends, you evaluate the prospect yourself.

That is great, so many of you are very bullish in Genting price. I certainly agree with you all. Not to forget, me and many of my friends usually patronize the casino and are great contributors to Genting bottom line.

You are right and realistic, Jolie. Thumbs up for you!!! Can somebody explain how a fast turnover product such as the cooking oil with low margin contribute significantly to the company bottom line. Slow and steady perhaps, historically but not at the present time. In the current annual report, the company has warned about rising costs, competitive market for cooking oil squeezing profit margin?

I can bet with you over a cup of coffee that come July 2014, Yee Lee will still be sluggish. Long wait for two or more years before we can see bonus issue.

Never be too trusting on fund managers. Some might purchase stocks not for the interests of the fundholders. I have a nasty experience with one of the unit trust funds i bought some years ago. It is suppose to be safest investment fund - retirement balance fund. There was one period when the market crashed some 2 decades ago. All the NAVs of the unit trust funds went down but the safest fund, the retirement balance fund, nose dived worst than other riskier funds. This suppose not to happen. When I examined the investment portfolios, to my horror i found that the fund had invested substantially in a well known very speculative counter rather than other counters which pay rock solid dividends and stable share prices. The NAV of the fund plunged mainly due to the significant erosion of the speculative counter.Be careful not to be too trusting on analysts ( who likes to dazzle laymen with all shorts of charts and ratios ) and fund managers.

Sure mah!!! We invest to make money either via good dividend payout or appreciation in share price, not to lose money

My wife did, thinking it was a good share with relatively low PE and decent profits. But it was an investment mistake. Should the price regain lost ground ( I think it will be a long long wait ) she will dispose off the shares at the slightest opportunity

Excitement and speculation will build up again sometime this coming July and August when the final quarterly result is going to be announced. Let us hope the directors know how to reward the minority shareholders justly by giving out good dividends unlike some "cina apeh" company who hold the profits tightly as if it is their own money

If this is the mental attitude of the directors, it is better that they take the company private rather than become a public listed company. I remember a case of Mr Scrooge, a rich and extremely stingy old man. He keeps on enlarging his treasure chest, holding it very tight and not wanting to share out all the monies he is hoarding. He smokes but cigarettes are usually taken free from friends. All this children can only see his treasure getting bigger and bigger, can dream of but cant squeeze a dime out of it, many perhaps wishing the old man to die faster so that they can inherit the treasure chest. So when the old man passed away, he cant carry his treasure chest with him and in the end somehow his female servant gets to inherit all his treasure chest. This is the real story

Agree with you that PE is low. Share price has the potential to go further up but will institutional investors shore up the price?

What is the point. A very conservative company can achieve significant profits annually. But if the dividend payout policy is always maintained at very dismal amount and the share price is always not reflective and lagging behind the annual increase in NTA value, then shareholders particularly the minority shareholders cannot realize /unlock the benefits accrued to the company. It is just like we are watching the fruit getting bigger, flagrant and juicier each day but if it always hang up in the tree and wont drop , we cant get to taste the fruit . Regardless of how hard working the directors are is this the type of of company ( which has no interests and responsibility to the minority shareholders ) we want to invest. Charity begins at home and from what Jolie describe, i think there is no future for minority shareholders.

We should be looking for very favorable dividend payout for next FYE 2014. Barring unforeseen circumstances, next final quarter profit should be commendable and we should be looking at net profit and EPS exceeding RM50m and 50 cents per share for the full financial year. I reckon the dividend payout should be not less than 15 cents per share!!!

Don't declare any dividend. Keep the cash!!!

You are right Jolie. What to expect from the conservative board members. Conserving cash and more cash. Does not know how to reward minority shareholders with fair share of profits. Pure frustration!!!

Jolie, you are right. What can the minority shareholders expect from "cina apeh" company? Conserving cash and more cash. Pure frustration!!!

Just sold all my Harnlen shares. Disappointing first quarterly result. Company making loss despite receiving substantial cash from disposal of property and using the proceeds to repay bank loans. Turnover for the quarter also declined to about 50m plus compared to preceding quarter. Why?Received the annual report for FYE 2013. What is most perturbing is the company which itself operating an oil palm plantation is purchasing oil palm from other parties ( at higher cost ). Does the company has any good controls to prevent leakage of its oil palm output? Don't see much prospect in the company and will dispose all my shares.

Just received the audited annual report for 2013. I think the company is just too "kedukut" in denying the rights of the minority shareholders to get just reward of its profits. EPS at FYE is almost 19 cents per share. Final dividend payout is only meagre 3 cts per share!!! . What is the justification? NTA is almost RM 1.80 per share but the share price is underperforming, below the NTA!!! As an investor, you get quite a bad deal, not profiting from conservative dividend policy on one hand and appreciation in share price. Perhaps it may be due to the age of the board members. Most of them are past late 60s, gets good remuneration and may be quite frugal in living style. That may be the reason why minority shareholders are not getting good deal from investing in the company.