Sia lang?!

Another KYY related stock. Look at last year annual report.

RM200m is a ‘gift’ given by Airbus. It’s up to you to spend it on your luxury hobbies, or declared & spent the money on the companies, especially when the company did not do well at that time.

成龙说他犯了全男人都会犯的错。如果他们都知道有被抓的一天，试问有谁敢犯？难道他们都不懂家庭比外边的野花更重要？

有没罪老马说了算。就等亚航买马航

In corporate world, no one is irreplaceable, including the founder cum CEO.

I feel so sorry for you cause you’re more famous now!

I see better chance for him to buy Khazanah’s stake in MAS. Less issues on the pricing & staff union.

He is just another greedy businessman. Still remember he got discount for the private placement given to him when Airasia share price was cheap & don’t really need the money. Subsequently, he sold off the fleet of airplanes at premium & paid back the shareholders with special dividend. He pocket few hundred million easy money by doing this.

Another reason of the cheap petrochemical price is due to raw material using by products of shale gas. Plant using oil is hard to compete.

The feedstock of the new plant is oil compared with their existing plant which use gas. Margin is much thinner. Hence, the profit will be volatile depend highly on oil price movement.

The outlook is bad for mid term (2-3 years). Petrochemical price keep dropping due to excess supply & drop in raw material price.

The real FA show will begin soon. Now is just the warm up.

Sellers know it too, reluctant to sell... Investors are looking at paper packaging stocks. Box pack is the underdog

Hopefully good year is coming with fantastic result for coming quarters!! :-)

Finally the sellers are back.

Can-one just announced that the company has received tranche 2 amount payment consists of RM153.5m principal amount plus RM2.5m interest.

It means the minimal selling price of F&B Nutrition is RM900m & the company has earned other income of RM2.5m. Also, additional interest saving of RM1m per quarter from this RM153.5 m received).

The remaining balance of tranche 2 amount will be known & be paid soon in 1Q2020 after audited the financial statement.

Hi Mr Tan KW, my picks are as follows


1. BOXPAK 30%
2. CANONE 20%
3. CEPAT 10%
4. NTPM 30%
5. SCGM 10%


THANK YOU

Sometimes it’s good to shake out the weak hands... Only FA knows what shares are they buying into & will wait till the reaping time comes

The sale of F&B Nutrition was completed in early Oct 19. The profit will be booked in 4Q19. It will be fantastic.

Its a waiting game. Management has logged in higher raw material price for a longer period (higher than year 2018). Drop in paper pulps & waster paper is yet to reflect in the account.

Sales increase is coming soon. Please refer to earlier post on the interview video clip with the founder. To have some clues if the low resin price sustainable, please refer to LCTitan & PetChem share price...

Expect a better result than last quarter, follow suit Daibochi.

Agreed with William Wang. Have been building my portfolio on this stocks from 47 sen. Their expansion will pay off well coincide with the drop of paper price. The profit margin easily go back to early 2018 level.

Thanks for correcting my mistake on the edible oil segment.

After a more detailed study, edible oils & fats is a new business segment that the company has venture in to tap on some existing assets after the divestment of milk powder segment. Yoy, revenue grows a whopping 183x from 789k to 145m, while asset grows 130m, from 579m to 709m. Qoq, revenue grows 84.5m based on the notes quoted from 2Q19 below.

(Contract Manufacturing division registered revenue of RM512.8 million in YTD Q2, 2019, an
increase of RM84.5 million compared to YTD Q2, 2018, mainly contributed by edible oils and
beverages segments)

The losses i suspect should be one off set up costs incurred of moving machinery & perform re-calibration on the machinery computer setting to swift from milk powder to edible oil, & hiring costs of the new staff.

This will be a new revenue stream to partially off set the impact after divest of milk powder segment once the setting up expenses stabilized.

Dont be too pessimistic. We are almost at the end of the tunnel and will see light in the next quarter result based on the following facts:

1) The tranche 1 of the selling price of F&B Nutrition of RM750m was paid on 15th Oct 2019 directly to AmBank & AmBank Islamic to settle the borrowings. This will translate to RM8.4m interest savings per quarter from 4Q19 onwards based on interest 4.5% p.a.

2) The profit for 3Q19 was pull down mainly by loss of RM8.7M in 3Q19 in the Edible Oils & Fats segments in Contracts Manufacturing Division. As we all know, crude palm oil price has strongly rebound. A positive return in 4Q19 is almost certain.

3) Boxpak, the subsi of Canone, has break even after many years of losses. This is due to drop in the corrugated paper price, resulted from the drop in the paper pulp price. Next quarter result should remain the same or a more positive return if the downtrend of corrugated paper price continues.

The combine of 1) + 2) will gives a profit of RM17m, which enough to offset the impact of the discontinued operations of dairy segments.

International bulk carriers co this quarter result also not so rosy... eg seroja investment, maersk & eagle bulks

Realised loss at 60 cent. Even though Baltic Dry Index hit 2500 at one point, it didn’t translate into profit. It’s TCE & hire days still around RM10k average & 1300 days, about the same like past 1 year.

Result will be out on 14th Nov. It’s available on Bloomberg website. FOC

For margin financing, you can also pledged your asset play/ long term shares as collateral for additional financing, eg MAA or Kbunai, for your other short term high profit growth stocks.

You don’t need to dispose your current shares. Margin financing now is in a way ‘monetise’ your asset that you intend to hold long term.

Margin of financing is like borrowing money for business, ie gearing. No one will dispute whether business should or should not borrow.

The key questions are whether:
1) the business is profitable (your share selection)
2) how you manage the cashflow/ margin
3) whether are you over gear (margin again)

I'm not sure if trade dispute settle is good/ bad for Master in long run, as it has Vietname operation.

Paper pulps price has increase 1% quarter to quarter, impact should be negligible.

Haha do you trust politicians?

My expectations on next q result should be about the same or slightly lower than last quarter. The current price more or less has reflected its fair value.

This stock is to hold medium to long term to maximise the profit.

Thanks bro. I'm also a cyclical player & like to catch turn around stocks.

Take a break now & give your mind a rest.

Never give up on investment & just take it as a good lesson. Its never easy.

Confident of making good profit?

Just bought, fundamental change next year due to demand & supply of bulk carriers.

Follow master of cyclical Cold Eye. He made RM5m to RM6m fr Armada & RM500k from Maybulk shares this year alone.

The company profit will boost by depreciation of CNY in 2 aspects:
1) cheaper raw material imported from China for its Malaysia & Cambodia operations, and
2) higher profit for its exports business in China

Good profit ahead in the coming quarter...

Disposal of F&B Nutrition completed today. Company's borrowing power freed. Raw material tin price dropped. A good selection of asset play with good monetisation/ privitization prospect.

Gold is long term bullish if more developed countries adopted -ve interest rate for now.

Try to think, who will be so stupid paying money to buy -ve bonds & yet need to pay them (-ve interest). Definitely not China. China wont be fooled by these western financial theories, instead they will soon show the world how they re-engineered the financial theories the China way. Dont forget, China ppl's maths are not worst off then westerners.

China is already the biggest owner & trader of most metal commodities. Million question now is what will they buy next to park their money?

A better quarterly result for Q3 is expected

Get ready for one more good quarter result to be announced in Dec

Hhmmm... bull run following SCGM?

Good quarter result with higher dividend pay out of 1.2 sen. If not due to higher tax rate for this quarter, the result is even much better.

好样的！

Degem shares suspended today. The directors has swiped the shares in the open market. General offer on the way?

Historically Poh Kong has the highest q result in Jul due to festive season. Let wait & see

The peak of oil price is over. The down trend of oil is resumed back. Unless there is any war in middle east