I am still holding on it. Why should I sell?

A lot of people making silly mistakes by comparing current situation with 2008. 2008 was a damn bad year for stock markets for the whole world. This year the stock market in regional still perfoms very well.

Foreign investors have been the net equity buyers with accumulated net purchase of RM2.8 b for the last 3 months only net sold RM1.8m worth of equity yesterday.

The local funds are pushing it down now so they can push it up again for the "feel good factors" before CNY.

Time will proof whether I am right or wrong.

Their MLM is back on track after dismay results for last few quarter. Definetly one of my gem!!!!

Latest,Mark Mobius's Templeton fund also accumulates Kfima.

Uptrend continues. Right on the target.

Uptrend remains intact. Most stocks in the owner's hand.

Same to you bro KC.

This deeply undervaled stock just catching up,nothing to shout about. Corporate exercise intact.

KC ChongNZ, if the guided profit for Kfima for this year is RM80 million, what will be the impact to the NTA and net cash per share of the company. Even if I chop the profit half to RM40 million/year for next few years due to bad economy(very bad case scenario), one can calculate how much is the company worth.

KC ChongNZ, actually with the financial strengh of Kfima & Fima Corp, alot of things the major shareholder can do ...range from Privatisation,M&A and even Bonus Issues that retailer really love. They prefer not to do anything above but as I said the big shark will force them to do so something now.

My next target.....

Tuniamasingh,when time is come you will know.

ChongKongHui,You will not regret holding Kfima.

and I still stay firm with my RM2.80 target and I can wait.

KC Loh and KC Chong NZ,

When I enter the market, I want to make sure that I will make money for 100% sure. It might sound absurd but what is the point entering market when one even have no faith in one stock pick and the end of the day donate the hard earned $$$$$ to Mr.Market?

That is no short cut for that. One must do their own homework fisrt. With some "connection",discipline and little bit of luck, I believe
everyone can do that.

The major shareholder who refuses to do anything at first now realise that they have to do something. When profit keeps increasing that translate in real net cash inflow, the NTA will accelerate accodingly. Even a stupid fellow will tell you that share price will not stay there forever as this will attract the attention of big shark especially with the fact that Kfima is sitting with huge cash pile of RM250 million.

Once they shake out the weak holders, the show time is coming.

For those who wants to play contra, I can say good luck to you.

Again may target is RM2.80. You do not have to trust me.

2.80 is pending corporate exercise target 1-2 months

I still put my target at RM2.80 at least....

Uptrend will continue for sure

No need to guess.... 100% it is coming? Why ? Stay tune

Tuniamasingh,I still stand firm because I know will laugh all the way to the bank.

Another privatised candidate?

Tuniamsingh, sharimng is caring. More to come if you have patience. I still target RM2.80 soon.

Fandi, you understand me very well

If Syed Mohktar privaties TWS because he can see the value that others cannot see....Bahsir family will do the same...Can you see the value while others cannot?

Almost up 8% if you buy yesterday, the best thing is that you do not have to fork up any money at all.

Fandi and all, take half of the profit and let the other half roll.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=H&securityCode=7668

Wow look at Haio's fantastic result...

(1) Net Profit 2 quarter RM16.01m vs RM 7 mil
(2) EPS = 8 sen annualise 32 sen
(3) Announce RM 4sen interim and special RM 2sen
(4) P/e 7 at current price RM2.17
(5) Net Cash RM60 sen per share......

Ha Ha...this ku ku bird hopefully will see a transformation in 2013 and beyond.

Fandi, Hope you will get your best Christmas presents for this year...

Haio going to announce result tonite.

My prediction:-

(1) RM11 million profit (2n quarter this year) vs RM7.8 million (2nd quarter last year)

(2) cash per share 54 sen

(3) Special dividend in the offering? will boast dividend yield to 5.4%

Privatised on card?

They have set the road block at 1.78-1.80, everything within that range they will sapu..What's up Buddy?

When ever Malay shouted " Hidup Melayu", the country is going backward 3 times. Why? slogan very loud but how many grassroot Malay benefited from the so called transformation or DEB programme?

Projects and land given only to the cronies. Are you saying that none of the ordinary Malay can match Sharizat's husband or Syed Mokhtar that every project must be given to them? How to angkat martabat bangsa Melayu if the ordinary Malay is only needed when election is near and will be forgotten when the election is over?

Looking around, Indonesia and Thialand are even ahead of us in many aspects and people still have not waked up. Later Myanmar will take over us. Have youi waked up?

Latest update: Bahsir Family buying at 1.77-1.78...insider buying while outsider selling?

KC, do we have differences? I never remembered that.
If yes, let bygone be bygone.

May be time has come when I should sit down and review my investment strategy. Making huge paper loss is a bitter pill to swallow, frankly speaking.

Just wish you and everyone have a great weekend ahead.

Need to go and pick up my kids now.

No problem Tuniamasingh.You have a good weekend.

Tuniamasingh, do you think that I buy KFIMA because I got inside news from Bahsir Family. Dun be like that, otherwise I will not be sitting at RM6,000 loss until now.

KFima recorded a +9.6% y-o-y revenue increase for 2QFY13 to RM127.8m from RM116.6m in the previous corresponding year. Net profit slipped marginally to RM19.0m (-8.2% y-o-y, +12.4% q-o-q) attributed to lower revenue from palm oil production and processing coupled with declining CPO prices, dampening profit margins. The group‟s YTD performance is in line with our FY13F estimates (9MFY13 YTD 55% revenue, 48% net profit) despite headwinds experienced in the respective divisions.
Our Outperform recommendation with TP of RM3.21, implying forward 5.8x PE multiple is derived by our sum-of-parts valuation with conservative PE multiples for the respective segments.

Manufacturing (+4.1% y-o-y, +4.6% q-o-q) and bulking (+6.3 y-o-y, +13.4% q-o-q) revenues are stable. KFima‟s first and third largest revenue and earnings contributors are expected to maintain previous year‟s performance with slight growth as i.) manufacturing volume increases, but average margin is reduced due to different product mix‟s margin yields, ii.) higher throughput from increased utilisation (current utilisation – 80%) of tanks for mainly edible oil and base oil product. By FY2014, the group will build new storage tanks for extra capacity which would translate to RM2m-RM3m in extra earnings per month for the division.

Unpredictable CPO prices. The plantation division is earning good profit margins (27% for this quarter) but due to lower CPO prices however, the “optimum” historical highs were not met. KFima‟s Indonesian subsidiary moreover only sold 19,939mt of CPO YTD with no crude palm kernel oil (CPKO) compared with 19,813mt CPO and 2,489mt of CPKO sold last year. Average net CIF selling price of CPO decreased -15.6% to RM2,421/mt from RM2,869/mt YTD causing the shortfall for the division. KFima has actually sold more CPO this year, but as profit is purely determined by CPO‟s market price, the outlook of this division depends on a favourable price scenario. The group continues to acquire palm oil lands which would expand the division‟s contributions in the near-term.

Canned tuna to take-off by 1QFY14. The division is taking on new tuna canning orders from Europe. By 1QFY2014, RM6m to RM7m of revenue is expected, with potential RM20m sales per quarter as of 4QFY14 onwards (operating at c. 30% capacity). We are estimating additional c.80% revenue for the group based on these new orders.

Still undervalued. For FY13F, KFima's forward PE multiple of 6x, for a 5 welldiversified core business entity is regarded as a discount. We believe the group remains undervalued considering they are i.) meeting earnings expectations, ii.) undertaking exciting plans to grow its tuna manufacturing operations in Papua New Guinea by 2014, expanding bulking storage and new plantation acquisitions, iii.) hold a healthy cash pile exceeding RM250m for acquisition and/or expansion.

Source: PublicInvest Research - 30 Nov 2012

Now we should understand why Schroder Ivestment,Bessemer, ING Investment are collecting the stocks quietly. For those who have bloomberg machine should be able to see that.

Gark, you are right. I used to ask the management this question when I visited them that the current share price has not reflected the fundmamental of the company. The management replied that it depends whether the investors are punters or investors. The management is not too concerned with the share price rather the business model and the ability to generate consistent growth for the shareholders and at the end of the day the believe the earnings will reflect in the share price.

KFima 2nd quarter results:-

Kfima has recorded Profit After tax of RM19.03 million vs RM16.938 million same quarter last year.(15% increase q vs Q )

EPS stood at 7.16 sen for this quarter and Total EPS for 1st 6 month stood at RM14.96 if annualise 29.92 sen.

My only concern is that they might park some ESOS expenses to make the profit lower. Otherwise operating profit should see Q to Q(compare this quarter with last year and also last quarter this year)increase.

Fima Corp this quarter result has told all since it is Kfima's subsidiary. Both Manufacturing and Plantation has chalked up good profit.

My prediction for Kfima result tomorrow:-

Profit Before Tax this quarter:
(1) Manufacturing RM16.09 million

(2) Plantation RM8.7 million

(3) Bulking RM8 million

(4) Foods 4 million

Total Profit Before Tax for this quarter before MI should be around RM37.6 million or net profit after tax around RM22 million.

For this quarter, my take is that they can achieve EPS 7.8 sen or 31.2 sen per share per year which is better than 6.8 sen per share same quarter last year. The prediction has not taken into account of ESOS expenses.

(1) & (2) contributed by Fima Corp EPS 21.98 sen per share per quarter annualise 88 sen. Fima corp just annoumced the result tonite and surprisingly the planatation sector has recorded 12% increase in Profit before tax if compare last year same quarter.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1130613#13540961154211&1549

When Malay has given up on UMNO, our big sister talks nonsense again...


Shahizat: Kuasa Melayu 'bagai telur di hujung tanduk'
11:22AM Nov 28 2012

Ketua Wanita Umno Malaysia Datuk Seri Shahrizat Jalil menegaskan Umno berdepan dengan cabaran getir untuk menjaga kuasa Melayu yang dianggapnya "bagai telur dihujung tanduk" selepas pilihan raya umum 2008.

Tegas bekas menteri kabinet itu, jika parti itu tidak bertindak mulai sekarang, kuasa Melayu "akan semakin terpinggir" kemudiannya.

"Bayangkan sahaja sekarang ini kuasa politik Melayu di Parlimen adalah amat marginal sekali. Keadaan ini perlu kita tangani dari sekarang jika kita tidak mahu menjadi pelarian dibumi sendiri.

"Pepecahan undi Melayu akan melunturkan kuasa politik Melayu yang sedia ada. Pada hari ini kuasa ekonomi bukan ditangan orang Melayu. Adakah kita sanggup hilang kuasa politik juga?" katanya.

Berucap dalam Perhimpunan Agung Pergerakan Wanita Umno di Dewan Merdeka hari ini yang bertemakan "Anjakan Untuk Melonjakkan Kemenangan", Shahrizat berkata jika Umno lemah, maka percayalah risikonya akan dirasai oleh semua kaum.

"Jika Melayu bersatu, dan kuat dan mejadi tulang belakang kerajaan yang dipilih, apatah lagi jika majoriti dua pertiga kerusi Parlimen, maka insya-Allah suamua kaum, semua lapisan masyarakat akan dapat meraih kestabilan politik negara," katanya.

Fat cat I will let you know if I can get the hints of the result soon.

KCCHONG, I believe Kfima will outperform and time will prove that I am right.
Whether we like it or not, we still have to go back to a FUNDAMENTAL of one company.

MAS story is a good lession to all. Avoid high debt company and huge loss making company. buy at your peril.

KC Chong, I am still sitting at good profit for Perisai and Weida while incurring loss for very good stocks like Kfima. What an Irony sigh!!!!!

Ha Ha minor profit. I hardly trade any stock but rather holding for long term view. My friend told me my buy and hold good and fundamental stock's principle has no longer applied in this fluctuate market. Sigh!!!!! Anyway, I still have strong conviction on the stock that I pick.

Place my first 10% bet at Kfima at 1.78. Still sitting at RM5,000 loss(not include 8% dividend received in Oct) since I have not buy sold any Kfima since my last posting.

It’s the system that turns good leaders bad


Mohd Ariff Sabri Aziz | November 28, 2012
Free Malaysia Today

Malaysians think that by changing the present set of bad people with good ones everything will be all right, but nothing is farther from the truth.

COMMENT

People do not want to believe that if you have an intrinsically bad system, you are good at the beginning, but you are eventually going to degenerate.

But people don’t want to accept this.

Let’s assume Prime Minister Najib Tun Razak is a good person (he probably is) but the system which sustains him is bad. It will eventually cause him to turn bad.

So it isn’t enough to transform society by changing the people leading it, but the system that structures our society must be changed too.

That is our (Pakatan Rakyat’s ) agenda now. Not just changing of guards, but changing the system that structures our society.

Just as a free market requires a libertarian system or liberal democracy, so do good people at the top who can stay good but only if we have a good system of government.

The leader who respects the opinions of the people he leads stays a good leader but only if the system sustains him so.

But Najib can’t stay a good leader because Umno structures the world around us in a bad way.

Najib’s New Economic Model (NEM) in reality is just an extension of former prime minister Dr Mahathir Mohamad’s way of renouncing the NEP and choosing to jump-start Malay economics by picking and choosing winners.

He, at that point, chose mostly devils he knew and enriched them.

Najib is now continuing to do the same by his market-driven affirmative action that forms his NEM.

Dangerous thinking

Author Fredrik Hayek makes an interesting point in his book, “The Road to Serfdom”. He explains why the worst get to the top.

If we interpret his observation against modern terms, it is that people are willing to suspend reality in exchange for a sanitised world.

Hayek opines that it is dangerous to think that “good men can overcome a bad system”. It is simply wrong thinking.

Malaysia unfortunately appears to be in that situation.

We adjust ourselves and accommodate totalitarian tendencies believing that such a system or political arrangement is not at fault.

We think that by changing the present set of bad people with good and decent people, everything is all right.

But nothing is farther from the truth.

The agenda the opposition seeks is not only changing the bad people on top, but reforming the structure of this country.

If we don’t put the correct structure in place, even when good men lead, they will soon be overwhelmed by the system.

That's why Badawi lost the elction because he is a weak leader....