The above comment is base on current standing. Grandma advice buyers to wait for in between news to go in.

This is too high already. Grandma will wait before buying more. All signal are in high red. 35% disc fr RNAV is 2.60 add back it is 3.50. Value wise still below but the stretch may take longer to reach. This time, Grandma think it will be less than 60% premium if a MGO happens compared to the first buy of 30% bloc at that premium. Reason being no new expected sizable projects after STP2 though the GDV is 12B.

Sold of this one ......profit .above the 26 cents dividen already

Grandma confident on this one. Will wait. No news is good news as it heighten the expectation .

Grandma finally sold at 1.86.

Late buying is share buyback. Target 10% for treasury.

Grandma awaiting 1.80

Good call on 2.16. Grandma thinks should peak on Thursday. Should have selling on Friday?

Expecting earning result this Friday . Grandma note, this time is early.

Grandma doesn't think it will take long. 2014 gearing must be down to 0.5 and Dato Yau won't come cheap. It must be something non futile and you can see they are trying to do everything at a go. Buying , selling asset, marketing, lowering debt, raising money, agressive launches, rebranding, all within the last 9 mths.
Dato Yau's reputation and experience on the line. That's why Grandmas earlier statement on PP to reduce the gearing first.

Tomorrow will be interesting with the news officially reported of the completion of disposal of 2 assets in China.

Grandma like 1.80.

Grandma thinks the price should have settled since Jul 24 and earlier announcement at 1.77. Technically Grandma believe they should announce the Private Placement before results. The last they did took approx 7 days after May 28 calculation of PP price. While the justification of PP was to acquire land, Grandma think it will be use for the lowering of gearing numbers for the coming financial report.
As they would already hve close the books for last quarter report if Grandmas story is right, the first PP will be use to lower Gearing and the second PP for the actual activity.

Trillion and KCchong, your earlier comment makes much support for the FA needed during these times of uncertainty. Grandma enjoyed your info sharing to and fro. Ignore the noices.Grandma now like CBIP fr that conversation. Grandma will sell balance of LBS soon and will look for continuity.
Grandma appreciate the info on revenue per head count angle which we don't normally see here which has added more weight on the management focus. Very convincing both of you.
Also mentioned on PC which is an area Grandma like to use standing at 8 and very close to PE 7.7 pointing supporting a growth possibility with good cash low.

Grandma only ask a simple question and got more answers. Young man Trillion, Grandma use the % by sector as a guide too. Your argument is valid. This is why when you read some financial sites, their calculation goes haywire affected by the incidentals. And Tan KW,a Grandma like your Nasi Lemak example.

The Net Profit is higher % than the Operating profit?

For those who have not read this, Grandma advice all to know where we are headed.

http://www.theedgemalaysia.com/mobile/article.php?id=249308

Imagine this. outflow of money and loses in forex, this means money that will not come back in. Few ways to get liquidity back in
1. Print more money
2. Get more foreign investors in
3. Increase borrowing and flood the market
Etc

What do you think will happen if assuming 1. was prevalent. Someone personal pocket will be enrich? But the money will still be flowing out! We have done this and result is obvious

No 2 is more realistic because if you cannot succeed, use someone else who has a more business ability and drive to help you push through your objective. We are doing that now but what will happen once we have move to 3 rd gear and so on? It's always inherent that we change policies here and dump ppl who help build it? Tis is what LKY meant

No 3 is also already done deal and we know we don't have the ability and discipline to bring debts down. We have seen what happen to states that use revenues and money allocated or money save fr kickbacks or debt notes to bring down the debts. This was done in Penang by DAP but the dungus who do not understand gearing and reduction in gearing because they are so use to kickbacks will continue to say this money is from federal Goverment. All money are fr taxpayers (whether income tax, service tax, excise etc) country's commodity ( Petrolium or Palm or etc) so on.

If you understand 1,2 and 3 you would also see what will happen as more and more foreign investors starts buying in. We control 51/49 by rule of policies so we think. But what happens if more outflow and debts get surmounted? Do we think we have a choice to say 51/49? What happens when there is no liquidity, we continue with 1 again and our debt will increase and outflow follow suite. There will be a saturation point when these keeps repeating itself. Wen that happens, the policy of 51/49 will no longer apply especially when they depend on a few top 10 in Malaysias rich to support but eventually continue to give projects to Syed Mokthar instead of those who support Malaysia?

Young man, investment is personal and one where you use your judgement because gain is also personal. You will not use your gain to buy shares for someone else and similarly your loses by blaming someone else. So choose wisely.

In short, Grandma feels, Singapore in caught in a catch 22 situation and the immediate action is to come in and join the bandwagon! But that does not mean they are solely dependent here. ( Just like the case of water solution in the 90s) So malaysia especially Najib should not think we have conquered Singapore into investment. Today there was another gangland style murder in Penang Anson street and this will also deter investors alike.

Grandma foresee Indonesia may come up with its own Iskandar type theme parks or some sort of catchment and then Singapore will be all in too. Placing bets in a company is easirer than running the company isn't it? So the same putting investment in diff end places is easier than running the whole place like Iskandar.

While Grandma agree that it looks very tempting in Iskandar, and the question often asked is "who is not there in Iskandar" rather than the opposite, and also more investment pouring in. It's also a catchment area for Malaysian, Singaporean, and Indonesian visitors. Currently there are 2 theme parks there (Lego and hello Kitty) and they are building another one soon. Opposite Traders hotel. The contractor is Encorp which Grandma see is partnering with some Singapore development.

They need the money from Singapore to pour in to kick start and vice versa as Singapore position as hub is already affected. So what best than to join the new bandwagon. A large part of the tourist are from Indonesian. So this is good as all the holidays Malaysia, Singapore and Indonesia apart from the other nationality will ensure the in flow is smooth. That of course if all abide by agreement and concession and etc. any failure into that may slow the whole process and create non commital and fear amongst investors.

LKY as oppose to his son's pack with Najib, doesn't believe Malaysia will honor the agreement just like the sand and water. Singapore was smart under LKY, they already saw this coming and in the 90s were looking for alternative fr membrane technology to various other technology to solve the water issue even though there was an agreement. They offered a prize amt for anyone who could solve their problem on water. However then, it took time to get the solution moving. Similarly, for the sand, they had to pay a higher price (taking fr Vietnam) which he claim was what Mahathirs intention to punish Singapore even after having the agreement because Singapore did not Kow tow to Malaysia with some unintended differences.

Grandma will b weary as LKY warning is not without base. If you have a look at Iskandar, it's still at a very initial stage for those who have been there. So far Medini area, you can see E&O, PIV, WCT, Mahsing, UMland very obviously as you drive in to Kota Iskandar. Mah Sing's Meridin is the most obvious both ways driving in and out especially into Legoland. While almost all the rest apart from Mah Sing are still red solid and doing their due diligence and demarcation, construction wise Grandma see Sunway being very prominent there especially in Legoland. There will be a Mall a coming up soon there.
For those who have caught a glimpse of LKYs opinion on Iskandar and have experience the controversy in the sand and water agreement between Singapore and Malaysia would understand the concern.

Grandma see very good work of this counter. Overall at this point a better escalation than Kimlun. Their net profit margin of close to 10% and OP margin of close to 15% is within the construction sector performance though most of this type of counter carry the 4 pillars which include some PD.
When comparing with Kimlun, to be fair, Kimlun over the last 5 years have a much better track record than LBS in overall ROE, ROA, ROI.
While Grandma is currently in LBS, this will b very short term here base on the above info. In short, Grandma feel Kimlun is steadier than LBS in terms of growth but for now its LBS.

Young man Apprentice, 100 days is too long.

Grandma see no wow factor in Farid. No excitement here.

FD, after Aug you may have to wait for it to settle to new support price.

5 out of 6 giving green. Grandma also feel net income slightly lower in ratio to Revenue. 50 million would be just right.

Good call OTB. Grandma like this counter too. Both PE and PC below 7 and PS is below 1. Also couple with Low PB indicating undervalue. Receivable turnover is balance within its class ie PD but asset ratio not fully utilise still very low.

Nice commentary Russ. I notice many indicators are resetted which makes the bench mark easier for measurement. So comparatively Grandma don't have to search many place to compare them and the KPI handed to CEO is also clear.

In addition, their website is immaculate with the stakeholders information clearly filed. Just have to calculate for todays measurement how it will hold up.

Anyway pls keep the info coming. Good job!

Kimlun dropping with low volume. Grandma will reconsider buying in again after Tropicana. This round timing is good.

Grandma notice it has stablise on the first session.

Similarly the asset turnover also too low....

Grandma thinks Benalac got to improve on AR turnover......it's too low

The rest of the other parameters/indicator are within and marginal but if you check all these while they are a player who delivers and moreover Grandma like PD counter to do avg Nett near or equal or more 25% of Revenue. This means they need to push a little harder and Penang seem to be delivering. KL and Iskandar slower but Grandma believe is picking up.

FD, pls read the earlier post by Grandma on RM2.48 if all goes ahead as plan towards 2016 and price not tandem should see the PB lower if market price is lower compared to book value. Currently at 1.59. Grandma not worried as niche market affilliation is Asian market buyers.

Ohhh this is indeed bad! Hope Sri survives

Why is Grandma looking at this counter? Looking at the PE, PB, PS, PC at this point may not exactly be exciting especially PE 17. However, looking at Penang and Medini potential is exciting. Grandma will leave out Medini becoz there is a lot of info you can get if u do your homework. Everyone is now awaiting the 4 major approval. 2 of it will affect the stock greatly.

Approval 1. STP2 which will carry a GDV 12 billion. The location is on north east of Penang Island Tanjung Tokong side. This will definitely see a PB and PS improve greatly because the last take up of this project receive an overwhelming response. Something like 2 weeks 75% take up mostly foreigners, Taiwan and Singaporean.

Approval 2. Penang - Butterworth tunnel. If this one happens , this will b near Tanjung Tokong as well. Immediate prop of the value to the properties in Penang Island couple ith the 2 other bypass highways within Penang due for approval.

On the political part, would it be better to get STP 2 approved first? After all Sime is still a GLC status and maybe a hindrant ith the Penang state govt. So in short, get STP 2 done and announce first before any other announcement . So base on this, Grandma believe strongly on the above share over and above the immediate FA and TA

If after August is alright. The I factor is high now.

Grandma see some of the companies are up to few % under this company and they are consistent. More consistent than Mellon.

Young man, you can check the name of the company Grandma mentioned.

Again when comparing these indicators especially P/B,compare against the sector and not against the general companies.

Young man FD, Grandma monitoring LBS and MNRB. MNRB has very good PE, P/B, P/C and P//S. LBS is marginal in this area with better indicator in PE at 10.8 P/S at 1.06. Both are good, just need to monitor the timing of RSI and the avg movement %

Technically LBS looks good at PE 10.8 and P/S at 1.06. Grandma see this as very good potential as the rise in the price is also consistent and gradual. Also very decisive in movement compared to some hovering at price for very long.

Another Gem? Grandma see indicator PE at 5.57 ( very good) Monitoring the Price/ Sales still at 1.82 high. If P/S can come down would be good!

Price to Book still low at 0.7369. This means still undervalued

Grandma see this US fund company Dimensional Fund Advisor investing in all construction and PD counters. Anyone has info on this??

Yes , but closer to approval

If what young man Russ predict is accurate, this should be the catalyst for the fair price also. All in all they have to compensate also for the delays in Mews and Iskandar. Hope the timing is permissible for Grandma to enter

Grandma will be looking at this once Kimlun is done next 4 days. Recalculate RNAV adjustment to expected increase of 20% to RM3.10. Factor the same discount should be worth RM2.48. Target doubling market cap by 2016 is around approx RM4 should still land around RM2.48 for 2013.

Grandma is old school young man. We don't do charts though we go thru them on trending. Ok, grandma appreciate good info fr you