Healthcare related business ... is very human capital intensive...
Aesthetic is very lucrative, yes, but the pusher behind must hire good capable doctors..

It is not like manufacture, you get recipe and you do all for the same recipe...

Price of Wellcall Going back to 2015 level ...
The only regret i did is i sold half of my holding during the covid dip...

Huh ... they deliver good result when people least expecting it.
Still holding it with a loss, dividend as compensation of holding cost.

the IDRP at a price of 65c per share is like ..... hmmm.. i don't know to comment.
If you subscribe the IDRP, it just means that you are forgoing your dividend to maintain same % of the ownership in the company.
If you cashout as dividend/income distribution, your % in company is reduced, future dividend is reduced.

In future the total share will be broaden, the EPS is more diluted ...

I have a mixed response with IDRP , specially in REIT as the income of REIT cannot be exponentially growth

you can see the supply is dried up already ... even with small volume also can trending up...

ughhh ... so heartless the operator..
despite i do not own any HEKTAR yet but this kind of volume with downbar ...
so ugly

actually i can't see the growth prospect of OPENSYS... the major contribution is the CRM machine ..
10 years ago, if you talk about replacing all the ATM machine with CRM to cut cost, it may sounds like a growth.

However, at this current era, we are talking about competition of using paper money aka Credit card / Debit card / QR code / Ewallet usage... these usage may corrode the usage of cash in hand form, which may limit the potential usage of CRM

I believe this company is rightly valued and have some upticks chance.
I accumulated recently for potential growth

it looks great on FCF generation, i like it very much ,
the technical looks very dry af.... like absorbing phase (lean upwards) ...

Getting a degree or not a degree is totally different.
While honing your skill in university, you are taught on "Critical thinking" and "Problem solving".
Due to the mushrooming of university student, not everyone has really equipped with such skill = hence subpar university graduate.

Does that mean University doesn't work well ? It depends on individual.

A simple example is roadside amateur investor will only use Price Earning Ratio (PER) to gauge a company valuation...
With a more "Critical thinking skill", you discovered not everything is PER... there is DCF, there is EBIT/EV , there is Sum-Of-Part valuation blah blah blah ...

I always welcomed people not to take degree...
so in future my son/daughter equipped with proper degree can compete in the workforce.
A person with degree vs non-degree , similar problem solving skill.... who will think will be hired ?

Sincerely
CFTrader

Basically he is telling you to jump ship to Australia / Singapore and become low class servant there , hard earn money and save money and come back Malaysia (or not)

Typical narrow sight person.

Sad to say people still have hopes in this counter...

"Fintec stuck in Malaysia .." , if they can list in NASDAQ, they already list like how GRAB list it...
"apa mahu check? tunggu naik half of a cent all happy!" - u better go Genting there play Baccarrat, at least u have pretty PRC girl + all the drinks served by Genting group before u win/lose at 45/55 chance.

MusangKing, i'm deeply saddened with your loss, but i think you shouldn't put your "good" money into the "bad" money in FINTEC anymore... Go and find other better company to invest.

EnlistCapital, well said on the Steel industry...
But Chinwell is involving in a screw/nut/bolt business involving worldwide .

Wire division comprises of manufacturing of precision galvanized wire, annealing wire, bright wire, hard drawn wire, PVC wire and grill mesh.

It's like Apple farm vs Apple Juice manufacture comparison.

Anyone didnt concern about the adaptation of e-wallet will affecting how CRM works .... ?
from CDM/ATM to CRM is an upgrade... Like a CD to VCD to Blue-Ray
but CRM vs e-wallet/mobile banking is a totally different game comparison ... it's like VCD -> Pendrive.

Cash on hand is 121M ,
FCF generated is 40M for this 9 month , with capex of only 3M.

BUT they only declare 6 Million as dividend ... yet they didn't use the money to generate more cash...

This is what causes it's poor valuation...

HOMERIZ has excellent FCF flow ... but they were unable to use their cash on hand to expand their operation or to generate value ....

Now with warrant conversion, there will be a lot of cash on hand...

Tell me this is rubbish again ? Hahahaha.
By reading balance sheet you can easily spot a gem like this

Hahaha tell me is that a rubbish ?

LMAO you dont even see the balance sheet and you call it garbage hahaha

i positioned some in CHINWEL anticipating a better profit

Bought at 1.49
Expectation A. USJ tenant C will expire on 2022
Add on ASA4 at 2023 , will +approximately 1.3c EPS per year .

Assumption done, will have +1c EPS per year.

Few times fake breakdown below 9.00 , May is coming , let's see how 9.00 support holding.

lol, despite the so called political fund linking etc etc , please be aware .. your PNB , your EPF ... how will they respond to the market... you and i even can't absorb a meagre RM 100 million churning volume ...

Good luck for disrupting market confidence , SERBADK
And i wish you guys able to earn fortune from this vehicle.

I like CHINWEL very much, but there is 1 issue on the market.
Very very very poor liquidity and trading volume

Company that producing
- around RM 160 million worth of revenue
- churning out around RM 40 million of profit
- among that, literally all the profit is in Free Cash Flow
- little to minimal Capex is required
- growth story : JV with Trelleborg + factory 3 kick in (+70% of production)

Selling at a price of RM 622 million

____________________
I bought this stock since 2016 , still waiting for the damn growth ...
万事具备，只欠东风....
(Everything is ready, just waiting for the chance)

Wellcall兄, 你的成长在哪里呢 ....
(Where are your growth, bro WELLCAL)

Personally, I think the base is forming, will try to accumulate some when dip.

^ your portfolio is too small to play active trading...
The transaction cost will kill most of your profit even you earn from uptrend....
Not worth for active trading

Dumb dumb hold for rental income.

Quote : Pirates only know rent seeking

Don't we all LOVE to rent seeking ? No ?
Everyone of us here, buying shares, wanna hold it and wanna it raise like no tomorrow without doing actual contribution to the economics.
I do admit that i LOVE rent seeking.
Maybe more than LOVE, i shall rephrase it, I am very OBSESSIVE with rent-seeking module.

Sincerely
CFTrader

Out-of-topic-post.

Suddenly i feel emotional after reviewing this post. The name i recognize is mostly either gone, or not exist anymore.

Even i'm still green and still a student of the market (my experience started from 2013), I've saw so much so called pro, super trader, Da Shi aka DaiSi aka Sensei aka Teacher or some weird name being washed away by the sheer wave of market...

Only few survived...
How many survived the big tumble of oil price in early 2015 ?
How many survived the Shringgit post-1MDB incident in middle 2015 ?
How many survived after the under-expectation of export stock in 2016 ?
How many survived after the fall of construction stock in 2017 ?
How many survived through the wavering KLCI post election 2018 ？

Sincerely
CFTrader

the fundemendals are still intact with this company.
The problem is valuation is getting cheaper, hence, the reduction in the share price.
I'm one of those who bought when the price is priced at a higher valuation price.

Sincerely
CFTrader

Quote : Trump
Just ban these fellows. Some ID in idle mode, some so BIG NAME（大牌）, must invite them few times.

Your seat have been reserved until 07-Jan-2020 8:00 am.

___
Wow, That's a very diagnostic level of attitude you have over here.

Dear Tan KW,
Please release my name from the future competition.
I am semi-retired from the stock market (more lean towards passive investor) as I had to develop my career properly, and you can say I'm too busy to monitor stock market. :) After all, my current career will grant me prosperity and blessings from making good deeds.

Please give my place to someone who is credible.
I believe in your judgement.

Sincerely
CFTrader

just trust Temasek

Quote 1 : I figure that we need about a monthly income of RM8k in retirement

Quote 2 : We have RM1.8m money in our EPF

Let's do some calculation.
RM 1,800,000 x 6% (Assumption of EPF declaring 6% dividend) = RM 108,000 per year
That is RM 9,000 per month.

RM 1,800,000 x 5.5% (Recent ASM rate) = RM 99,000 per year
That is RM 8.250 per month

RM 1,800,000 x 5% (i think this consideration bad enough) = Rm 90,000 per year
That is RM 7,500 per month

______________
You better live off with EPF's dividend rather than staking the capital invest in the market.

Just an amateur point of view.

Thank you.
CFTrader

I was interested in PPHB as it was a small-cap company with reasonable growth over the years.
But why the price is still 0.555 ? Why a company is trading at a market cap of 105 million when it earns 19 million for the past year ? Why it is trading at a mid-single-digit PE ?

I believe this is due to "market perception".
The participant doesn't believe in the 19 millions per year as they can't promise a single cent of dividend.

And could they deliver the dividend to the shareholder ?
Looking at the cashflow, i believe PPHB is unable to deliver a single cent of dividend.
* Cash from operation is outstanding at 30 million FYE2018
* Then everything is devoured at PPE - 33 million.
* PPE ballooned from 121.5M to 148.65M in 1 year.
* There are 21M of capex approved and still not yet contracted. = All the profit goes to capex.


As long there are no dividend policy decided, this share is going to be having a very very depressed valuation.

Even in my investment experience, London Biscuit with the super "idiotic" profit to capex to PPE also borrowed to declare dividend in order to lift up the sentiment/perception of the company. In other words, this company doesn't give a damn about the shareholder.



SIncerely
CFTrader

* For this quarter (reflect the end of March), please do notice that PPE - WIP (For those who don't know what is WIP , it mean Work In Progress) is RM 4.8 Million.

* Previous Quarter was RM 0.644M.

* WELLCAL decide to devote RM 9.2 Million for the JV.

* My crude estimation of completion of the new JV will be end of this year.


Sincerely
CFTrader.

never disappoint me , WELLCAL.

Sincerely
CFTrader

did anyone still reviewing this article ?
Too bad a lot of players getting burned and left the market...

So much asked for a great general (Good stock), but when they discovered a great general, their Commanding skill is mediocore or subpar (bad Portfolio management)

Sincerely
CFTrader

Oh no, the YoY profit dropped 14%. By this trend, after 7 quarter, KIPREIT profit will be zero ! SELL now. TP 0.10
Familiar with this kind of quote ? Teehee...

Note for fellow investors.
Lower total comprehensive income mainly due to higher borrowing cost incurred on the back to date of higher bank borrowing to finance solar PV system as well as the Kinta acquisition deposit. On top of that, the higher management fee charged from 0.30% of TAV in corresponding quarter to 0.60% of TAV in current quarter.

You should question why management fees doubled at shareholder expenses.

Sincerely
CFTrader

did ATRIUM even issue private placement ?
Please....

Sincerely
CFTrader

With the acquisition of the Kinta Mall, i don't see any reason of dropping.
Please make KIPREIT 就死得很难看 (die in a very horrible way)
I'm waiting to collect KIPREIT and die with KIPREIT together if it is selling at 50c.

If you think KIPREIT will drop suddenly to 70c or 60c, then you must mistaken REITs as a normal company share or whatsover securities...


Sincerely
CFTrader


(previous excerpt)_____________________________________

malinfan is now salivating because of missing the boat as he/she/it sold at a lower price and now the price had gained to 86.5c.

He/She/It is still waiting for 55c KIPREIT which in my humble opinion , with a probability of 99% he wont get the stock at that price.

Sincerely
CFTrader

lol, this is ATRIUM, not AXREIT...

I wish everything will be well for you in your DAYANG sailing, abang_misai.

I would really wish you the very best.

But please be wary when you swim with that operator.

Sincerely
CFTrader

1. The spot price of the resin dropped since December 2019, it being consistently hovering at a lower price and further dropped to 1 year low ... currently...

2. Plastic ban and biodegradable food wrapping/tray demand will be getting bigger and bigger due to the rise of the environment consciousness... How SCGM capture the market and outbeat their competitor, yet is still an unknown.

3. Cost passing mechanism of these product is NOT high... imagine if you sell 10c for a wrap, and by tomorrow you say , oh i'm sorry , it's 20c now because the cost of producing those stuff escalated... I bet most of their customer will switch to their competitor that has a more stable pricing mechanism...

4. Those whom worried about rising inventory/receivable and decreasing cash balance , i just want to inform you that this is the nature of "trading" business... they rely on credit to revolve. Look at other "trading" business and you will see such cashflow is quite a norm... example SAMCHEM or the previous ECS .

5. I haven't tracked this counter for a long time, but base on the track record and the management attitude (willing to distribute the profit and dividend), i think you can consider this company ... when it is on it's upleg cycle again.

Sincerely
CFTrader

I'm always a fan of a company that always suffered from pressure to declare dividend , but I always check if they really need to loan/borrow money to declare dividend.
One of the fine example is MAYBANK .. The largest shareholder is PNB .. PNB need cash for other operation, that makes MAYBANK very generous with their dividend policy .. because the owner needs it. Haha.

Sincerely
CFTrader

Taiwanese-run company in Bursa , they will have a similar trait. They will earn money, then declare the profit as dividend, so that they can enjoy it (as most of them are substantial shareholder)

Instead of Malaysian-run company that declare fat renumeration and don't declare a single shit dividend to shareholder, Taiwanese run company is very suitable for those who invest for dividend (and future dividend growth) .

Sincerely
CFTrader

I have only have 1 sentence to say to this company.

Screw this rubbish company.

Sincerely
CFTrader

sapurakencana, we all know who is behind the scene of DKSH. But what is the relationship between P&L and the shareholder behind DKSH ?

What you trying to imply is waiting for the holding company to inject fund (via PP or whatsoever method) to pare down the debt ?

The fact is , acquisition is 485M, profit is 25M, and the entire acquisition will rely on borrowing...
That is some interesting acquisition method....

Sincerely
CFTrader

This acquisition of Auric is an interesting proposal ... I should read more and study in-depth about DKSH ...
Thank you.

oh wow, no VSS , planned to absorb everyone ... ermm...
Sifu-sifu sekalian, any view on these ?

Sincerely
CFTrader

lol, ex-Cash PE .. wtf is this valuation...
If you want similar valuation, please use Enterprise Value / EBIT multiple ....

Sincerely
CFTrader