people also tend to forgot that the major shareholder can anytime offer privatization when the company is traded below it's net value. mmccorp and amcorp are the recent examples

of course, ability to generate profit is also important, but not without NTA as it's basic for price valuation

let's say 2 company has the same EPS (equal ability to generate profit and future prospect as well), but one is above NTA, the other is below NTA, of course we should choose the below NTA one when both are traded at the same price

nevetheless, people tend to overlook the company future prospect, applying those to the current trade price, making it has no room of improvement when the future really came by, let alone the future is never promised

imo, is better to only buy the *currently* performing and undervalued companies

technically, EPS and PE translates into each other, you can't evaluate EPS alone without refering to the current price

@KKH "If invest in stock base on NTA or PE, you will never buy all the consistent growing company even their price drop 50 %."

yes, I will never buy all those, but that doesn't stop me from making money investing in other companies I deem as undervalue

@Dvbarbarian khind, uoadev, mrcb (umno / political), mmccorp (privatize at RM2, still good return if buy at 1.82 now), trc

take your example, PANAMY= 32.3/13.3, that's why we should buy khind / fiamma / pensoni instead

NTA is the current worth of the company, the rest are future prospects

@KKH "Who started the NTA game?" Warren Buffett

but of course, market is unpredictable, that much only we can be done at valuation part, just don't be too optimise, there are plenty of other choice out there, which is far more undervalued

that is too much valuation into the future, who actually gonna buy when the price actually reached RM1? as the upside is very limited at the price, so it is unlikely that it will actually archieve that price at first

imo, the current profit is moderately good, so the fair intrinsic value should be at it's NTA, around RM0.76, anything below is discount. but at current price, there is still room for further discount, so it is 40 (downside) 60 (upside) to me

@icst1975 DY 3.2% I would rather invest my money at fixed deposit (let alone I am someone who have ASB account)

@ruslimz yea agreed~! 5 sen final dividend from the boss, give us the earning of this final QR before he taking back this precious company is not to much to ask for right? hehe

to be honest, I only start paying attention to this stock since it's latest QR release, realising that it's price is downtrending while there is improvement in the QR

I actually planned to move away from this stock already after it's price keep moving further up even after I took my day trade profit last friday, but now then I am back lurking for opportunity see if I can reenter

@miscoh "no point if the boss keep the huge cash in bank and not distribute as dividend to shareholder"

at some point if the price is below NTA and the profit keep improving or at least maintain, eventually the price will start to move toward NTA, or even the boss can offer privatization, see MMCCORP.

that's why I am more emphasized in NTA than PE, NTA is the current worth of the company, but PE, espeicialy high PE is future expectation of this company but it's future value is already materialised in the current price, while the future is never guaranteed, in other words, there is limited room for growth, but huge room for discount

for me currently at 0.61 the upside of this stock is just slightly above it's downside, due to it's NTA and not so clean debt condition, so I will still wait for price with better room of upside, if any how I missed it, sure will let it go, definitely not going to buy when it's is traded at PE10 above, many other better potential companies outside

@dchin472, I agree with you that so far the room for discount is seem to be limited to 0.50 currently, unless there is change in prospect

let's see how the mr market decide

although many other stock that is already way above NTA and still uptrending, but value investors strategy is not try to chase those stock, hunt for the discounted ones only

@micsoh just my 2 cents, no company is cheap when it is traded above NTA, 90 sen that time is above NTA so... you may disagree though, but warren buffett himself also emphasized a lot at buying at NTA discount

@dchin I day trade this stock the day after QR release, enter at open price 0.59, sold at 0.63, it is not guaranteed that the improved QR can bring the price back to consistent uptrend back to 0.90, so I rather just take profit as my target is reached

yea don't rush, imo currently the price is already considered cheap, but still has plenty of room to discount especially considering it is not way below NTA. if the price goes up before I can reenter then I will let it go, but if the price continues to drop further, then I will consider to reenter, maybe for longer period this time

no one can predict bottom, but with proper fundamental analysis, you can tell whether the current price is discounted (low), near it's instrictic value or above (high)

although all this cannot guarantee one can make money, at least it is the basic and proper way to do fundamental value investment, otherwise you are just betting blindly.

another improved QR ^_^ possibly the last QR before EGM

just no need to worry much in case the mother share price dip again like previously when C23 near expiring

@shivawerer, bankers who issue the CW loses more money the higher the mother price of this company when the CW expires, so bankers will tend to push down the price by selling it's mother shares when the CW is close to expire

C24 call warrant is expiring very soon (27-8-2021), don't panic if there is another wave of sell down by the banker

anyway, it is always good to know that this company actually worthed RM4, or even RM3, as those sifu claimed, it can serve as plan B in case the SCR failed. but this plan B definitely require patience and time for it to be materialized in the form of trade price

I am not 1 of those optimise that believe this company worth RM4 though, as it is not important if the price hardly materialized in the form of market trade price, I am just glad and positive that we all will be able to exit at good price of RM2 once the SCR go though without any accident

I am very positive that the SCR will go through, but nothing is 100%, I invest based on risk vs reward management

@500bilis, yes, the reward become lower and risk become higher when the price reached rm1.85 (esepcially for those portion that I bought at around RM1.6 during the panic sell)

regardless I already reentered yesterday at RM1.8, so I avoided loss of RM0.05 for that portion in this operation, will sell again if the price reach 1.85 again for safety purpose

retailers invest to earn money, not fight for justice

for retailers it is never about fair or reasonable, what matter is the implication of the outcome

managed to sold a portion at 1.85 today (Queue with 1 month good till date since BOD deliberation passed) ^_^ previously all in this counter rm1.7 and below

the rest hope for privatization go through for another 8% profit

there are so many other undervalue companies in bursa, not just mmc, some investors bought the others are making losses, simply because of bad market valuation, but nothing we retail investors can do about it, but accept loss.

as for MMC, be grateful that SM offer us an exit plan? you all don't really expect SM pay you at full valuation (of anything close) of this company right?

to those still consider to reject the SRC, my sincere sugesstion to you is just go all in at current market price, since you value this company that much

imo just don't be too greedy, this company is traded below R1.3 before privitization announcement. even after the announcement, it can goes as low as RM1.5+ due to fear

regardless how much the company actually worth, it is not worth to be greedy and take the risk at this point, the open market simply don't value the company that much.

be grateful that if we can exit succesfully at RM2

@ruslimz yes you are correct, thanks for correcting me, I mistakenly used the offer price as the denominator, should have used the purchase price as you suggested

@karlos amcorp offer price is 90 sen + 3sen dividend = 93sen

margin gain prior EGM is merely 1.5sen / 93sen = 1.6%

while currently the margin gain for mmc is 0.19 / 2.00 = 9.5%

still got a lot of improvement room moving closer to EGM date

mmc price should be at least above RM1.90 prior EGM

can vote online? investor from Sabah here with direct account. not possible to attend or appoint proxy to cast my bilis vote. but I sure won't feel hassle if can do it online to help it go through for the beneficial of all retailers

since before SCR announcement this operator non stop manipulating this counter the same style

the same operator manipulating again, see the buy and sell queue, no retailers enough share to queue volume like that. we need to punish the operator by only buying and not selling any until the SCR complete

I am currently still all in state in this counter, purchased multiple times during it's dip, not going to sell any at this point when I am promised another 10% return by the boss himself

as long as the EGM passed, the rest are just techinical waiting period, 100% risk free

@ruslimz still need 6 months from now on? i thought it is 2 or 3 months the most? after independent advisor then EGM is the next isn't it?

anyway political instability should not affect this counter as well, as at this point it is all up to entitled shareholders to decide, which the only bad decision to do is to vote against the SCR, especially in amidst of political uncertainty. you are not proposed a RM2 exit door anytime

people still being so cautious at this point / unwilling to wait for few more months for extra 10% profit lol

yay 1 step closer towards exiting at RM2 ^_^

@kinuxian that means those who sold mostly are retailers right? so nothing to do with any insiders' news / trade?

tldr: privatization at RM2 is the best exit plan for retailers

@DingHai888 regardless of what the video say, if the privatisation failed, retailers has the most to lose, short term wise that is for sure, long term? too many uncertainty also.

talking about how much the company is worth above RM2 is delusional when it is traded below RM1.8 at the market now.

rather than suggesting that we should reject the privatisation at RM2, why don't you sell everything u got and borrow everysen of money you can borrow now to all in when it is below RM1.8? that would at least make a little more sense

I am not saying that there will be price revise, I am just saying that there won't be any limit at this point without any price revise for the privatization

for limit up to happen, the revised price has to be rm2.30 or above