Becareful of those talk alot but performance is shitty...

This botak is enjoying life until he has neglected his own fund under management. Big problems at temple! Read their review...
http://www.morningstar.pt/pt/funds/snapshot/snapshot.aspx?id=F0GBR06IH4&tab=11&reportlang=en

Well written!

Recent selldown could have been overdone. JCY’s share price has fallen 21% ytd amid the latest wave of selling in export-oriented companies. The intense selling momentum was largely driven by the strengthening of the ringgit to RM4.10/US$ (ytd average: RM4.24/US$). We believe the sell-down is overdone as UOB Global Economics & Markets Research’s latest forecasts suggest the ringgit would still hover around RM4.10-4.20/US$ through to 2Q16. We keep our earnings forecasts unchanged but note that every 1% weakening in the US$ (base: RM4.10/US$) would reduce JCY’s bottom line by 4%,

Attractive for yield seekers; potential special dividend? With a strong net cash of RM322m (or 16sen/share) as at end-Dec 15, and the recent no-go decision for a major M&A after due diligence, we do not discount the possibility that JCY would dish out a special dividend in the near future. Assuming a special dividend of one sen per share and the quarterly dividend remain at 1.25 sen per share, this would mean a full-year dividend of 6 sen/share, or a yield of 8.9% (vs our forecast of 6.2% based on a 50% payout). We believe JCY’s generous dividend payout is sustainable, given its strong capability in generating operating cash flow (1QFY16: RM127m, FY15: RM212m, FY14: RM140m) and no huge capex requirement (we expect capex of RM50m-60m p.a. in FY16-17).

Tune Protect
Better year ahead
Setting aside losses incurred by its Thai associate, Tune’s FY15 ended on a fairly
good note as TIMB broke even, coupled with sustained double-digit top-line growth
from its online unit. Despite recent gains, we see room for further upside underpinned
by earnings getting back on to a growth track and reasonable valuations. We keep
Tune as a mid-cap top pick and raise our target price to RM1.65.
In FY15, Tune saw its gross and net earned premiums jump by 7% and 14%, respectively,
the latter mainly due to higher premiums retained within the Group. Despite the
commendable top-line performance, earnings declined by 5% on losses incurred by its Thai
associate (TIPCL). Tune managed to grow its operating profit by 2% in spite of lower
investment income recorded, buoyed mainly by TIMB reaching a breakeven point in FY15 as
compared to a loss of RM2.3m posted in FY14. Combined ratio, the inverse of which is a fair
measure of an insurer’s underwriting profitability, were in line with FY14’s at 84%, even with
an increase in management expenses. Nevertheless, management expenses slowed
significantly in 4Q15, causing FY15’s core profit to coming in 10% above our forecast.
Following the stronger than expected FY15 results, we lift our FY16-17F forecasts by 11-
12% upon factoring in better growth prospects for the online segment, as well as lower
management expenses. These were partially offset by our expectations for higher net
commissions, lower income from its investment activities due to Tune’s conservative take on
the equities and bonds markets, and lower contributions from its associates/JV. While we
note that its Thai unit dipped into the red in FY15 on a mix of marketing, advertising and
personnel costs, management guides for a turnaround in FY16 driven by measures aimed to
rationalise its current product offering and distribution lines. As such, management is positive
that a turnaround for TIPCL is on the cards for FY16
Upon raising our estimates, our GGM-derived TP rises from RM1.40 to RM1.65 based on a
sustainable ROE of 16.7%. Following its latest results announcement, Tune’s share price
has appreciated by 14%. On revised estimates, valuations are still attractive at 11.9x FY16F
PER while we see a pick up in earnings growth (driven by stronger underwriting profit and a
turnaround for its Thai unit) as a key catalyst. Tune also offers a yield of ~4%.

Name TAN SRI DR ANTHONY FRANCIS FERNANDES
Address No. 37-21-7, Sri Penaga Condominium
Jalan Medang Serai, Bukit Bandaraya
Kuala Lumpur
59100 Wilayah Persekutuan
Malaysia.
Descriptions(Class & nominal value) Ordinary shares of RM0.10 each
Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
01/03/2016
1,000,000
1.560
Disposed
02/03/2016
1,500,000
1.601
Disposed
03/03/2016
500,000
1.700
Disposed
04/03/2016
500,000
1.706

Circumstances by reason of which change has occurred Disposal of shares
Nature of interest Direct and Indirect
Consideration (if any)
Total no of securities after change

Direct (units) 1,600,000
Direct (%) 0.058
Indirect/deemed interest (units) 525,042,082
Indirect/deemed interest (%) 18.867
Date of notice 04/03/2016

Tony also selling...Name TAN SRI DR ANTHONY FRANCIS FERNANDES
Address No. 37-21-7, Sri Penaga Condominium
Jalan Medang Serai, Bukit Bandaraya
Kuala Lumpur
59100 Wilayah Persekutuan
Malaysia.
Descriptions(Class & nominal value) Ordinary shares of RM0.10 each
Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
01/03/2016
1,000,000
1.560
Disposed
02/03/2016
1,500,000
1.601
Disposed
03/03/2016
500,000
1.700
Disposed
04/03/2016
500,000
1.706

Circumstances by reason of which change has occurred Disposal of shares
Nature of interest Direct and Indirect
Consideration (if any)
Total no of securities after change

Direct (units) 1,600,000
Direct (%) 0.058
Indirect/deemed interest (units) 525,042,082
Indirect/deemed interest (%) 18.867
Date of notice 04/03/2016

Thanks Cherry88 for update! cheong ah!!!

The Felda group was in talks to acquire a significant stake in Century Logistics, possibly from its largest shareholder, Datuk Richard Phua, who has a 26.4% stake in the company.

A FGV spokesperson said the company was currently evaluating several proposals from other logistics companies in its efforts to enhance and unlock the full potential of its logistics value chain.

http://klse.i3investor.com/blogs/undervaluedstocks/92835.jsp

Take a look at Tune Protect instead. Rides on Airasia excluding the fuel risks!

6% dividend yield

See rebound already

operating numbers turnaround already...getting more interest

On behalf of the Board of Directors of Gadang (“Board”), RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake a private placement of new ordinary shares of RM1.00 each in Gadang of up to ten percent (10%) of the issued and paid-up share capital of Gadang to investors to be identified and at an issue price to be determined by the Board and announced later.

Further details of the Proposed Private Placement are as attached.

I recalled Poh huat had a fire in their plant last year..investor sold off and after that stock recovered as earning showed improvement. Sell la...haha
Poh huat news on 25 Aug.. price fell from 3.00 to 2.40. By early Oct it was even higher at 3.50.
http://m.thesundaily.my/node/325653

The Board of Directors of the Company wishes to announce that there was a fire outbreak occurred this morning at Lot 6858, Jalan Matang, 34750 Matang Taiping, Perak which is the newly built three storey warehouse and packing department. The cause of the fire and actual extent of the damage are currently still unknown, pending the completion of the police investigations into the fire and issuance of their report.

The fire outbreak did not result in any death casualty and the production line is not affected. However, preliminary assessment reveals that the fire incident would not have a material impact to the financial and operations of the Company.

The Company will render their full assistance to the investigation and the Board of Directors will monitor the situation closely.

This announcement is dated 4 March 2016.

When results out.... this would bounce back. Today panic selling for nothing.

Fire affected only the warehouse. Insurance will cover them. Operationally nothing affected. Productions lines still running.

New report by cimb 1.85 target

Mr Koon, Would buying the Airports operators like Malaysia Airports be a better option instead of buying Airlines?

http://www.pressreader.com/belgium/the-wall-street-journal-europe/20160201/281956016813791/TextView

One concern. earning sustainability as it needs to constantly need to replenish its orderbook in cranes supplies which ties back to the construction sector cyclicality.

Well written analysis but sometimes cheap valuation could be a value trap despite the high roe, cash flow etc. Read about the skyscraper curse? http://www.economist.com/news/finance-and-economics/21647289-there-such-thing-skyscraper-curse-towers-babel
Perhaps as the co builds the highest tower out in the world, you have to be weary about the next financial crisis. Lastly, do comment on the Mac family's family track record in running Muhibbah and its impact on Favelle.

Watch Magni fly when they report 3rd quarter result in March 2016. Nike reported in the last results in Dec. As of the end of the quarter, worldwide futures orders for NIKE Brand athletic footwear and apparel scheduled for delivery from December 2015 through April 2016 were 15 percent higher than orders reported for the same period last year. Excluding currency changes, futures orders would have increased 20 percent.*

Reading through Nike future orders means Magni already received the orders last year and should be manufacturing for the client.

rule of thumb, stock can go up in down market means got potential demand and will rebound.

you will probably find a lot more interesting big stocks and boring banks especially in a downmarket but for undervalued and under owned stocks, UMS definitely commands demand even in a down market.

Long term upside based on valuation should be at least RM1.95.
http://klse.i3investor.com/blogs/undervaluedstocks/89860.jsp

Oh well. JTYeo, You have a fantastic point there. As Michael Porter competitor advantage economic theory is already well known. You have proven your point. Businessman like UMS-Niken have my respect because they run a business and support families by employing staff. The company also helps Malaysia in terms of providing trade and effectively contributing to GDP.

PS. Pls show us how to make the money ?

Based on the last few years, margins and ROEs have been improving. http://www.theedgemarkets.com/my/AA/dashboard?0=7227&exchange=KLSE
One can be a skeptic by judging a company based on the sector. As rising cost in China and rest elsewhere, a company which produces E&E components will find Malaysia to be cheaper than China to produce such products. China is going up the value chain.

Something brewing!!! upcoming result good making it fly or maybe topglove takeover target??

WOW. PNB the largest fund in town buys into Magnitech! Huat ah!!