Stochastic Oscillator and RSI shows Overbought situation....should be correction on Monday!

Monday start...CNY rally!

Monday will start.....CNY rally!

Monday start .....CNY rally.........

very good comment by humbled and smaltimer.......Thanks.

just fund readjusting portfolio the past few days. Market in Europe and DJI FUTURE now positive. Likely next week bursa will rebound for trading days, this month is shortened. Holidays on 14/1/14 & 17/1/14 and 31/1/14. Market will will rebound on Monday 6/1/14.

Consider property!.....
Property (Overweight): Prices may go up by 10% on higher costs, say developers. Property prices could see an increase of up to 10% this year due to rising costs incurred by developers, according to Andaman Group managing director Datuk Seri Vincent Tiew. He said it is likely most of the contributing costs – including labour, utilities, raw materials and toll charges – will be passed on to consumers. (Financial Daily)

Property (Overweight): Prices may go up by 10% on higher costs, say developers. Property prices could see an increase of up to 10% this year due to rising costs incurred by developers, according to Andaman Group managing director Datuk Seri Vincent Tiew. He said it is likely most of the contributing costs – including labour, utilities, raw materials and toll charges – will be passed on to consumers. (Financial Daily

Property (Overweight): Prices may go up by 10% on higher costs, say developers. Property prices could see an increase of up to 10% this year due to rising costs incurred by developers, according to Andaman Group managing director Datuk Seri Vincent Tiew. He said it is likely most of the contributing costs – including labour, utilities, raw materials and toll charges – will be passed on to consumers. (Financial Daily)

sorry hepitrade: I am also in learning stage

Hepitrade: refer this free download software http://www.chartnexus.com/

Hepitrade: refer these book...
1. How to Make Money from your stock investment - Ho Kok Mun.
2. Money in warrants - Leverage your way multiply profit - Alan Voon.
3. 99 Lesson for profitable stock trading - Success tips for making money in the stock market - Wong yee.
4. I Love stocks - Pauline Yong.
5. The Intelligent Investor - Benjamin Graham.

psd57; if inari-w up what about inari. goup?

Please include my name in this forum...
how about SILKHLD

ASTM disposal info...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1505089

still Calvin moving around some other counter in this forum........
http://klse.i3investor.com/servlets/cube/post/calvintaneng.jsp

change 2.5 1 stock split
proposed stock split plan earlier, the 50 cents per share in each, subdivided to 2.5 share of 20 cents in stock.

All along, WELLCAL volume has not been high. Stock split good and bad, good will increase its liquidity, the bad will dilute its net income per share.

In any case, the plan to accomplish anything, still require special shareholders to vote, but it seems it should be easily attained.

Good to invest....cny rally > 4.50!

WELLCAL hot buy.......cny rally! reach >4.50

WELLCAL good to invest....going to share split!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1496877

WELLCAL also consider to invest..........going to share split!

Q4,2013 should be good result....
http://klse.i3investor.com/blogs/rhb/44049.jsp

WELLCAL also good to invest...........price uptrend! same like KRETAM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1496877

asiapac NTA is 0.365

Stochastic Oscillator oversold signal... there is correction up trend!

wellcal good to invest....next week above 4.15
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1496877

wellcal good to invest....next week above 4.15
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1496877

wellcal good to invest....next week above 4.15
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1496877

wellcall good to invest....next week above 4.15
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1496877

sklyte, Hevea is a undervalue share.....Net assets per share attributable to ordinary equity holders of the parent ($$)RM2.4500.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1460461

Stochastic Oscillator shows over sold signal.... there is a price correction may be uptrend!

Just for information only....copy the information from history.......
My analysis ROE 8.45% Debt ratio 7.84%, profit margin growing to 4.01%, PE 20.79, Fair Value 0.18 cent.........
I think 4th qtr 2013 result should be good.

contd.....
Stock: [PMCORP]: PAN MALAYSIA CORPORATION BHD
Sep 27, 2013 03:59 PM | Report Abuse

calvin is very convincing. Most of the things one can check himself from the financial statements. Not bullshit or just shout for nothing. Those you can't, he also present them very convincingly.

There is all the upside potential for PMCorp, little or none downside. I have added some into my portfolio.


Stock: [PMCORP]: PAN MALAYSIA CORPORATION BHD
Sep 27, 2013 02:41 PM | Report Abuse

Yeah something like that. so how can you go wrong when you pay 17.5 sen and get 18.5 sen cash, plus other non cash assets?

Important thing is make sure PMCorp is not burning cash each year. Last two years it did in a small way.

If what calvin say is true about the special dividend, its small but profitable chocolate business etc, PMCorp is definite a good bet with little downside risk.


Stock: [PMCORP]: PAN MALAYSIA CORPORATION BHD
Sep 27, 2013 02:21 PM | Report Abuse

calvin, how did you get PMCorp "cash position" of 18.5 sen?

Its latest balance sheet as at 30/6/13 shows it has cash of 94m, and a total liability of 15.5m. Total number of shares is 773m. So net cash is (94-15.5)/773 = 0.10 or 10 sen.

This does nor include its investment of 82m though.

From KCChongz analysis
Stock: [PMCORP]: PAN MALAYSIA CORPORATION BHD
Sep 29, 2013 12:14 PM | Report Abuse

Graham Net-Net Investment Strategy and Pan Malaysia Corporation Berhad

In 1932 at the bottom of the Great Crash, Ben Graham wrote an article on Forbes about the cheapness of the market and how companies are being quoted in the market for much less than their liquidating value, as if they were all destined to be doomed. He called these types of stocks, "net nets", companies that sell for less than its net current asset value, or net net working capital. Graham used the following formula to compute the liquidation value of a company.

Net Net Working Capital = Cash and short-term investments + (0.75 * accounts receivable) + (0.5 * inventory) – total liabilities

It's the lowest form of valuation you could possibly do because it ignores everything about the business and just focuses on tangible assets. The formula states that;

• cash and short term investments are worth 100% of its value
• accounts receivables should be taken at 75% of its stated value because some might not be collectible
• take 50% off inventories, due to discounting if close outs occur

PMCorp’s latest balance sheet as at 30 June 2013 was used to compute the net tangible asset and Graham net net values. Besides cash, the net net values of quoted and unquoted investments owned are also taken as 100% of the book value. This is a fair assessment as it is believed that these assets are likely to worth more than their book value than otherwise. Note that tax assets, property, plant and equipment, Goodwill and “other assets” are taken as worth nothing.

The appended table shows that the Graham net-net value of PMCorp is 24 sen. This is 33% above its closing price of 18 sen on 27 September 2013.

PMCorp BS Amount Weight Net-net
Cash and equivalent 93950 100% 93950
Investments 81977 100% 81977
Receivables 21475 75% 16106
Inventories 18433 50% 9217
PPE 48040 0% 0
Goodwill 63190 0% 0
Other assets 1652 0% 0
Total assets 328717 x 201250
Less total liabilities -15471 100% -15471
Equity 313246 x 185779
x
Number of shares 773356 x 773356
NAB 0.405 x 0.240
NTA 0.323 x 0.240

Today fly high !
http://www.thestar.com.my/Business/Business-News/2013/12/23/AirAsia-wants-to-be-the-Emirates-of-low-cost-carriers-flying-to-all-corners-of-the-globe.aspx

Technical analysis by Mr.Ooi Teik Bee...........
http://klse.i3investor.com/blogs/OoiTeikBee/

contd.....From Star BIZ....

It is also looking to hire about 15% more management staff to support the business as it grows, he adds. “We can use the (enlarged financial) resources to look into other areas. As our base cost is covered, it will be easier for us to expand,” he elaborates.
Azman says it is easier to qualify for other international jobs with the new record while its expansion will also spill over to other supporting businesses like its subcontractors.
Going forward, it will study the viability of investing in new assets to complement its existing services depending on its job flow, Nik shares.
Among some of the possible future investments include a diving support vessel worth about RM96mil to RM160mil (depending on the size and specifications) and another pipelay barge, if it receives more major contracts.
Nevertheless, it does not have much concerns sourcing for vessels and barges because the company has good business relationships with the marine services providers.
“Even though we do not own these marine assets, we will still be able to carry out the jobs without much hiccups because we had been working closely with them since 2006,” he says.
Rome was not built in a day
The businessman notes that the company size did not balloon overnight. While the major projects it secured happened just before and after it was successfully listed, the founding team had been building the company from strength to strength since it was incorporated in 2000.
“When we were a private company, we had been building the company quietly,” he says.
Nik points out the company’s commitment in meeting the requirement of the tender even way before it receives any major T&I contract, one of which, is its investment in crown jewel Kota Laksamana 101 (KL101).
The company’s commitment to build the 137meter pipelay barge with eight points mooring system, 300 meter crane, helideck and accommodation for 300 pax, was a crucial stepping stone in helping the O&G player clinch the award.
Nik says that with KL101, the company not only meet Petronas’ asset requirement for the contract, it is also the first pipelay barge to be built in Malaysia.
“We opted to build it locally so that the flow of resources remain in the local market. Undeniably, building the barge overseas can be cheaper in other countries, there might be other risks that come with it,” he says, adding that the core local team in charge of building the barge can communicate directly with the vendor so that the specifications are built to match its requirements.
Contract a re-rating catalyst
Kenanga Research deems the T&I Package A as a game changer for the O&G outfit and re-rated the stock while UOB KayHian Research notes that new contracts and better margins will set the stock for an upgrade in earnings per share as well as price-toearnings ratio.
UOB KayHian Research says that financial year 2014 (FY14) will not be the year Barakah realises its full earnings potential from the contract win as because it needs time to mobilise KL101 before ramping up activities.
“Hence, we incorporate work orders for four to five months in FY14 and nine months in FY15 for T&I works.
“For the remaining seven to eight months in FY14 and three months in FY15, we expect KL101 to be used as an accommodation barge.”
The research unit also notes the need for the O&G firm to charter a second pipelay barge and other supporting vessels for work that cannot be performed by KL101. Due to the additional outsourced work, its net margins are estimated at lower rates of 10% to 12% versus 15% to 20% for work done by KL101.
The brokerage also forecast its earnings to grow at three-year compounded annual growth rate of 46.3%.

Maybank IB Research and UOB KayHian Research called a “buy” on the counter with target prices of RM1.85 and RM1.70 respectively.

From 21 Dec 2013The Star Malaysia By NG BEI SHAN beishan@thestar.com.my

1 Barakah invested some RM300mil in pipelay barge Kota Laksamana 101. Nik Hamdan: ‘We started the year having an order book of RM 00mil.

Barakah ends year with RM2.2b jobs

Firm morphs into turnkey transport and installation contractor

BASED on the listing price of 65 sen per Barakah Offshore Petroleum Bhd share, the company that was floated on the Main Market of Bursa Malaysia via a reverse takeover listing exercise slightly over a month ago would have an indicative market capitalisation of RM405.7mil.

Today, the market cap has more than doubled to RM915.8mil.
Investors’ sentiment towards the stock was so positive it made a debut at 98 sen, a hefty 51% above the listing price. It closed lowest at 95 sen during its second trading day. The stock was trading at an average of RM1.35 to date.
After winning the Pan Malaysia transport and installation (T&I) package A awarded by Petroliam Nasional Bhd (Petronas) recently, the company is set for more contracts going forward.
“We started the year having an order book of some RM200mil but closed the year with a record of about RM2.2bil,” founder Nik Hamdan remarks.
Historically, its order book is in the range of between RM200mil and RM300mil per annum.
Excluding the latest T&I award, the company has RM700mil worth of jobs in hand. A significant chunk of that is contributed by the hook-up and commissioning job valued at RM480mil.
“Winning this contract is a meaningful milestone. We have morphed into a turnkey contractor in the T&I segment from being a sub-contractor previously,” he tells StarBizWeek.
Not only does clinching the award mean that it will have a sustainable flow of revenue for the next few years, its earnings base will be enhanced through the contract.
In a report yesterday, UOB KayHian Research says the stock is a good investment in the long run underpinned by the additional pipeline commissioning jobs and upside from its tender book worth RM3bil-RM5bil.
“We understand there could be an additional RM300mil to RM400mil upside to the RM1.5bil contract, given that pipeline commissioning jobs are not included in the T&I contract’s scope of works,” the research house notes.
Going overseas
Nik says its main contractor status serves as a boost of credibility when it ventures overseas.
In the short to medium term, the group will like to focus on Saudi Arabia and Indonesia while remaining cautious as it does not want to over expand, he adds. The management previously indicated that it was studying other markets in the region such as Brunei, Vietnam and Myanmar having allocated RM5mil to scout for opportunities abroad from the funds it raised through the flotation.
Notably, it is one of the three prospective bidders for a T&I contract in Saudi Arabia.
Co-founder and executive director Azman Shah Mohd Zakaria says due to the importance of oil and gas (O&G) industry in the Middle East, the rates there should be higher, thus providing better margins.
Maybank IB Research says in a recent report: “We gather that Barakah is bidding for a T&I job, relatively similar to Petronas’ T&I Package A in Saudi Arabia that offers a longer fixed duration (five years) and improved day-rates.” The research house also noted that the results of the tender will be known in February next year and that Barakah will likely deploy an external pipelay barge should it win the contract.
Plate is not full yet
While the contracts it has in hand will keep it busy for the next few years, the company is looking forward to win more contracts through open bidding.
Nik says although the contract, estimated at RM1.5bil and spanning over the next three years is its biggest job to date, the company still has the room for more jobs.
“The scope and value for T&I contracts are greater compared to hook up and commissioning and pipeline pre-commissioning so the segment will definitely be a leading revenue contributor going forward,” he says.
With the steadier flow of income, the company will also be able to plan and expand their capacity more efficiently.

Translate from the link...http://bblifediary.blogspot.com/2013/12/barakah.html

Oil and gas stocks recently emerging star BARAKAH (Baraka offshore, 7251, the board trade clothing group), the initial listing of its shares from RM0.65, had opened just a few pages of a month, the current price is RM1 .55.

BARAKAH the pre-existence is VASTALX (VASTALUX energy), listed on the second board in the year 2008, but not long before the listing, the company's performance began to deteriorate.

When in 2010, VASTALX even suffered a fatal blow, the contractor's license by the National Petroleum (Petronas) terminates, then the company will be a dedication of appetite, and thus was included in the PN17 company ranks.

Fortunately, the company later got a BARAKAH this white knight, and ultimately to 3 ratio of 65 shares for equity swap inverted acquisition BARAKAH, then after the listing is transferred to BARAKAH.

VASTALX Since then reborn, later renamed BARAKAH, the company also began to get good results.

In the six months ended September 30, 2012 fiscal year, BARAKAH get 200 million turnover of 98.9 million ringgit, as the terms of the net profit achieved 41.06 million ringgit.

Core business BARAKAH for commissioning works, offshore transport and installation, connection and commissioning, and construction of the onshore pipeline construction and commissioned works (EPCC), as well as ship management and chartering business.

At the time of listing, BARAKAH has many works contracts (information provided by users):
1) to PETROFAC, NEWFIELD & TALISMAN provide HUC project, worth 495 million ringgit;
2) provide for the KPOC T & L project, worth 74 million ringgit ;
3) provide for the country oil pipeline commissioning works, worth 73 million ringgit;
4) to provide procurement, construction and commissioning services for Petronas PRAI 2 lateral gas pipeline, worth 94 million ringgit;
5) provide for the KPOC pumping, drying and dry preservation services, worth 20 million ringgit;

these contracts totaling 700 million 56 million ringgit a year to earn enough to make BARAKAH 40 million ringgit net profit in the next two years, and replaced with a minimum net income of 8 cents per share.

Originally the company's share price should have reached the apex of the (j19 times PE ratio), but recently a new contract letting analysts to re-evaluate the company.

December 13 (Friday), the national oil worth 10 billion ringgit awarded the Pan Malaysian oil and gas program (Pan Malaysia) offshore transport and assembly (T & I) contract, a total of three companies benefited, BARAKAH is one of them.

It is reported that the total value of BARAKAH matching obtained about 1.5 billion ringgit, the contract for a period of three years. Coupled with the previous contract, the company is currently in the hands of the total contract has reached more than 2.2 billion ringgit.

This new contract in the future be able to make much contribution to the company?

According BARAKAH earnings for analysis, its net profit margin (net profit margin) is approximately 13.7%, 1.5 billion over three years to perform the contract, that is to contribute to the annual turnover of 500 million ringgit, if still maintaining 13.7% of net Vice-earned, that company will be netted from 68.5 million ringgit a year of this contract.

So just this new contract, the company's net annual contribution has been made ​​by 11 cents, plus 8 cents other contracts, BARAKAH future performance will likely reach 19 cents per share net income. Of course, when the real implementation of the contract, the contribution they bring may not necessarily so.

If we take 19 cents net income for future reference value to 20 times PE ratio to calculate the oil and gas sector, the future of its share price to rise to RM3.80 not impossible.



Disclaimer:
The above investment analysis, purely my personal views and opinions.

Before buying a company's shares, please do your homework and understand the company, any person who read this article for any investment losses caused, I will not be responsible. Remember, the sale of your own!

Barakah anoter link....
http://bblifediary.blogspot.com/2013/12/barakah.html

Mike, Suggest you to go thru Maybank IB's document.
http://research.maybank-ib.com/pdf/document/Barakah_CU_20131216_MKE_5565.pdf

Mike, Thanks, noted your stock pick for 2014!

Mike, Stock Pick Year 2014 from Mr. Ooi Teik Bee...read this link
http://klse.i3investor.com/blogs/stock_pick_2014_otb/blidx.jsp
please share your opinion.

Mike, you are right they file to bursa.....inform the mistake.

Mike, please try this link....
http://klse.i3investor.com/servlets/anpth/959588.jsp

then click Read the full announcement

sorry I got it....
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1498745

davidkkw79, Please can you put the link in this forum.... where you get this info?

Calvin nice move... to find people in the forum........to invest pmcorp/ mui....good

afternoon price go up....

afternoon session.......uptrend!

tomorrow uptrend!