So many newbies, so many oldies with minimal experience... when a substantial shareholder keeps selling .... ask, why isn't the price dropping .... when you have the answer (and there is only ONE right answer)... you will buy 100x w confidence n gusto

Before you read on, pls read my previous 3 comments for the past 2 weeks. Vivocom will be the darling stock for 2021. No need for any vaccine, glove, sand, ... the key is what is yet to be revealed. This has more going for it than 10 stocks put together. See you at 2.50 within days.

Pls read my last two comments over the past 5 days .... the announcement is only the second gear in the revitalisation of V. Mark my words, there is likely to be a charge to limit up tomolo. The self imposed moratorium for 3 years by owner says a lot. 2.00 very soon...

Now that I have your attention... thesis not a goreng counter. If it wanted to goreng, the last 4 months sentiment would have been excellent. Look out for more things to come. The sellers all gone because they had bad memories and have dumped most holdings. 1.00 this week easy.

It is unfortunate when investors only remember bad memories as part of their decision making process.... companies evolve... look at Denko before, and now ATAIMS... V is looking clean after conso. Mark my words, multi bagger of the year 2021 and stock darling of 2021.

How da-macha? The massive downgrade report had a substantive upgrade in revenue and profit. SUDDENLY the valuation parameters changed???

It is not even funny, when within 15 days one can revised the profit UPWARDS from 4.64bn to 10.259bn (+110%) for 2021 and from 850m to 2.022bn (+138%) for 2022 ... and at the same report downgrade the TP from RM10.13 to RM5.40 (-46%).

Please explain.

YAZ: The way this particular report is laid out also isn't comprehensive. The analyst showed his different assumptions for FYE20 - FYE22, including all baseline figures (revenue, profit, et al). But then he gives his base case price target based on FY23 earnings, which is not stated in the report. Kindly go kira yourself it seems! Then in an impressive of cover your ass (CYA) mentality, he also outlines two other cases on page 2 of the report. Bull case shows a price target of RM20.40 based on multiples of FYe22 earnings! (FYE22, not FYE23!) Finally his bear case of RM2.80 shows the price target based on multiples of FYE21 earnings! Shenme the f**k! Is he saying then his house is giving price targets of RM2.80, RM20.40 and RM5.40, based on the estimated earnings for FYE21, FYE22, and FYE23? Since there's a time lag dilation between expected results and price movements (in a rational market), it's up to the investor to use their own respective crystal balls to target their entry points lah, based on the estimated price targets provided by this house. The part that's amazing though, his main target price catalyst (as shown on page 1 of this report) is: 12-month price target RM5.40 based on a PER methodology. And that PER methodology is based on FYE23 earnings! Holy sweet bejesus. You're ascribing a target based on financial results for the year ending August 2023. Buy today because my estimate for what is 3 full financial year results away starting from after FY20 shows a downtrend. If one assumes glove stocks is going to rebound (and it probably will with the upcoming results, albeit to what extent up to the individual to figure out lah), he's going to have to eat humble pie. And it really makes one wonder if there's really a Chinese wall between the research side and the other divisions in his house.

https://malaysiafinance.blogspot.com/2020/09/theres-company-research-downgrade-and.html

How da-macha? The massive downgrade report had a substantive upgrade in revenue and profit. SUDDENLY the valuation parameters changed???

It is not even funny, when within 15 days one can revised the profit UPWARDS from 4.64bn to 10.259bn (+110%) for 2021 and from 850m to 2.022bn (+138%) for 2022 ... and at the same report downgrade the TP from RM10.13 to RM5.40 (-46%).

Please explain.

YAZ: The way this particular report is laid out also isn't comprehensive. The analyst showed his different assumptions for FYE20 - FYE22, including all baseline figures (revenue, profit, et al). But then he gives his base case price target based on FY23 earnings, which is not stated in the report. Kindly go kira yourself it seems! Then in an impressive of cover your ass (CYA) mentality, he also outlines two other cases on page 2 of the report. Bull case shows a price target of RM20.40 based on multiples of FYe22 earnings! (FYE22, not FYE23!) Finally his bear case of RM2.80 shows the price target based on multiples of FYE21 earnings! Shenme the f**k! Is he saying then his house is giving price targets of RM2.80, RM20.40 and RM5.40, based on the estimated earnings for FYE21, FYE22, and FYE23? Since there's a time lag dilation between expected results and price movements (in a rational market), it's up to the investor to use their own respective crystal balls to target their entry points lah, based on the estimated price targets provided by this house. The part that's amazing though, his main target price catalyst (as shown on page 1 of this report) is: 12-month price target RM5.40 based on a PER methodology. And that PER methodology is based on FYE23 earnings! Holy sweet bejesus. You're ascribing a target based on financial results for the year ending August 2023. Buy today because my estimate for what is 3 full financial year results away starting from after FY20 shows a downtrend. If one assumes glove stocks is going to rebound (and it probably will with the upcoming results, albeit to what extent up to the individual to figure out lah), he's going to have to eat humble pie. And it really makes one wonder if there's really a Chinese wall between the research side and the other divisions in his house.

https://malaysiafinance.blogspot.com/2020/09/theres-company-research-downgrade-and.html

https://malaysiafinance.blogspot.com/2020/09/theres-company-research-downgrade-and.html

https://malaysiafinance.blogspot.com/2020/06/top-gloves-quarterly-results-bellwether.html

https://malaysiafinance.blogspot.com/2020/06/top-gloves-quarterly-results-bellwether.html

http://malaysiafinance.blogspot.com/2020/06/the-markets-disconnect-to-real-economy.html

http://malaysiafinance.blogspot.com/2020/06/the-markets-disconnect-to-real-economy.html

http://malaysiafinance.blogspot.com/2020/01/coronavirus-impact-on-local-stocks.html

http://malaysiafinance.blogspot.com/2020/01/coronavirus-impact-on-local-stocks.html

brilliant, absolutely brilliant letter.... cheers

http://malaysiafinance.blogspot.com/2018/07/thats-not-way-share-market-works.html

http://malaysiafinance.blogspot.com/2018/07/the-tide-has-turned.html

http://malaysiafinance.blogspot.my/2018/04/a-brilliant-deal-for-axiata-celcom-and.html#more

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5746637

Ex date for 1 for 2 free warrants 17 April... Exercise price 38 sen... do the math.

http://malaysiafinance.blogspot.my/2018/03/eah-renewed-beast.html

http://malaysiafinance.blogspot.my/2018/01/sobering-figures-for-cryotocurrencies.html

REPOST from 5/12... Sumika - This is such a simple stock to decide ... look at price chart for last 2-3 years, high of 63 sen ... struggling for past 2 years. Look at last few QR... pathetic, lose underwear in biz, or is it loose undies? Key is no big goreng at all. Till today ... only bugger interested is takeover guy. It has only 78m shares. Key figure is NTA, no need to look too deeply into assets liabilities, may even write off debtors as a precaution. NTA are RM1.00... sure got premium ... takeover if it happens should be at least 1.30-1.50 at least. EVEN if nothing happens, owner selling is a matter of time... hence buying at below 60 or even 65 is very safe. If taken over... will fly past 1.00.
05/12/2017 17:28

I think its fair to warn on potential collapse of a stock is pure goreng... but thats not why some ppl are calling for sell... its mainly use they have sold. Can't fault them cause the Bursa had been full of pump and dump stocks, they have not met one which actually was going through a credible biz model change... I can cite MyEG as one. Its easy to pour cold water but if you wish to make a sell call, please justify... NOT how many % the stock has risen (that just reveals your stupidity). Those who cite extreme PER are stupider, when a stock is undergoing a biz overhaul, PER makes no sense... otherwise you would NOT have invested in FB, Alibaba or Amazon 5 years ago.

there are too many asshxxles making silly comments.... who would have bought at 4 se 2 years ago.... the last CCC was still around, you would have PUNTED based on his biz model... power generation... you are lucky to have held on...
if you have bought below 15 sen mother share and sold above 30, good for you... but why are you condemning it ... is it because you have sold??!! You made money, go away la... obviously you don't believe certain things ppl who are still long on the stock. These are the "littlest people, smallest ppl you can find"... they make money and got out and DO NOT WANT ANYONE ELSE TO MAKE... they NEED to be right, they need to be geniuses to have sold and the stock collapse... what kind of heart you have... because obviously you have no idea why you bought and why you sold.
Those who are still long, in my objective analysis, there are still a couple of announcements which would complete the complete overhaul of the biz model... and would start attracting funds to the stock. I have no objective to lure anyone, but hold for 2 more weeks and you will be pleasantly surprised. You will have protection on the downside as they are issuing shares at 32.5 sen... kapich.

http://malaysiafinance.blogspot.my/2017/12/pucs-33-purchase-of-pictureworks-opinion.html

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5649137

Horizon123 ... next few days... spectacular ride up

If you guys think the rise for the past 3 weeks had been spectacular... just wait for the next few days

Jennychin, Pls do not make assertions if you are not familiar with SC/Bursa rules, it just makes you look stupid (1), not that important for you to look stupid, couldn't care less... but to give out fake/false advice that could cost people money or make bad decisions.

In cases of changes in utilisation of funds, all listed companies would have had to approach Bursa/SC first on its viability. Then the ground rules would have to be set ... in this case, they needed 50% attendance and 75% of the votes for the resolution to pass. Once these have been passed, SC/Bursa only need to rubber stamp the resolution to be legit. It is not up to SC/Bursa to dabble on approving or not if the resolutions have been voted, attended properly by shareholders, in this case Iculs holders.

I have read AsiaPay's comments ... and its 85% accurate ... enough said. Those who bought and sold, should not go asking others to sell. Its like ppl who bitch about Bitcoins because they did not buy. Everybody buys and sells for their own reasons... technical levels are just basic bs. Every level, everyday also got buyers and sellers, are all idiots or are all geniuses... no. Just make your own decision. We make ours based on how much info we have and the risk we are able to take. We assess the stock based on whatever thats available .. so be it.

If it was me, I don't think there will be a pullback. The trouble with Malaysian traders and investors is that we ARE TOO FAMILIAR with similar pump and dumps... even the current DGSB went above 10 sen before, and has gone back down below 5, before coming back... look at the gyrations of Palette, etc... everybody is familiar with volatility, scared to be holding the bag because thats how big speculative goreng stocks operate. You think all will behave the same.

Why PUC is different... it is the biggest trap when you say "this time its different"... no PUC is not that different, its just fundamentals based and changing of business model. Look at the way the share has moved over the last 3-4 weeks. Its gradual, never making anyone sweat, no squeezing of shorts or contras. Just inching up by long term buyers.

Go re read AsiaPay and Dali's write up... and think for yourselves.

that has no effect as it is a processing point for wechatpay ... the critical link up involves being the local partner for Tencent... i.e. signing up retailers, merchants... which is more important...
what HLB is processing .... if there local retailers do not sign up with the right scanning device, HLB has nothing to process... This is HLB interface and settling with Tencent.... what PUC is involved in is interfacing MERCHANTS with wechatpay users.

http://malaysiafinance.blogspot.my/2017/12/puc-assessment.html

so much for haters... don't even think we are trying to convince you to buy ... don't buy, pls don't buy... come back here after egm - its stupid to think the stock has been rallying on the release of an app... pls la ppl...

Tried the Presto app, its actually very good. When you use HappyFresh for groceries or buy from Lazada, there is still the middleman layer. Presto puts us in contact with the actual producers and manufacturers of products and services - which allows them to give better discounts. Quite a number of SELLERS have signed up, and I think its silly for most of retail/producers not to sign up - costless, ease in marketing, huge savings... Loyalty is further encouraged with points and cashbacks.

They have to offer those who do not agree in the revised usage of money raised by ICULs... but nobody is going to opt for that cause they will get back maybe 4 sen, instead of selling it at 16 sen now. Its a formality.

This is such a simple stock to decide ... look at price chart for last 2-3 years, high of 63 sen ... struggling for past 2 years. Look at last few QR... pathetic, lose underwear in biz, or is it loose undies? Key is no big goreng at all. Till today ... only bugger interested is takeover guy. It has only 78m shares. Key figure is NTA, no need to look too deeply into assets liabilities, may even write off debtors as a precaution. NTA are RM1.00... sure got premium ... takeover if it happens should be at least 1.30-1.50 at least. EVEN if nothing happens, owner selling is a matter of time... hence buying at below 60 or even 65 is very safe. If taken over... will fly past 1.00.

To each his own. You think you can make an assessment of PUC's ability, I am not certain what that is based on? Do you have any idea who they have hired, what the last 3 companies jv entails, how far up the curve is their product, how far Tencent has tested and nego terms with PUC? If you are guessing, then pls say so. But anyway... this wechat deal is probably only 30% of the real "catalysts" propelling the stock. If you do not know the other two upcoming events, then good, the rest of the market doesn't as well. The other two catalysts are a lot bigger than the wechat deal. Will reveal in due time.

The spike in interest in PUC has little to do with QR. It has to do with reinvention, repositioning and re-engineering of biz model. Turn to page 2 of today's Edge with the article on Tencent/Malaysia. Everybody's harping on Alibaba. Alibabapay already made inroads but their partners are taking a bloody long time to line everything up. Wechatpay, which is the numerouno in China will use Malaysia as their regional platform as well. Look at the last 3 companies PUC has JV/MOU with. They have laid the groundwork, with the right licenses. Its not just to process Wechatpay users in Malaysian, it also involves securing vendors and retail outlets and community. It also involves yuan/ringgit/other currency transactions and conversions. Tencent is better prepared and more viable, and guess who is likely to be the local partner.

the stock has zero links to Ali Baba or the new logistics, its a silly linkage ... key is try to find of the late owner's brother, who has gotten all his shares after his untimely demise ... then try to find out who the two placees for the new 10% share issue..

remember my comment last week... I said those who sold will regret... my comment now, this is just initial day 1-2 ... 20 sen within the next couple of days. Trade at your own risk. If you can hold 1 month, you should be looking at 26-28.

those who sell now will regret big time within 1-2 weeks

UMA nowadays are triggered by a mathematical formula over a few trading days .. company replied ... stock held up very well even after the 3pm UMA ... leaving plenty f time for sell down but it was paltry ... indicating that bulk of the buying over past 4 days does not look like coming back into market ... upside intact to 1.50 at least ... assess your own risk before buying or selling, not just form info you hear

those who buy Bornoil should be comforted with the ann of latest corp exercise ... the injection of quarry for slightly less than 200m for cash not share is significant ... why would you pay cash, it is very likely that these will be assets that can be minted almost immediately ... if you survey whole of Sabah, now more than 95% of quarries available are under Bornoil ... hint... could be good export contract for its high grade marble and as supplier for "cement plant"... rumours have been on that a license has been issued, and that Bornoil will be the sole supplier ... expect fireworks after the exercise has gone through

this counter should surpass 1.50 before the month of feb is over ... maybe not rto but might be change in control ... if change control the price transacted won't be just 1.00 cause that is barely 1x book ... who would sell a profitable company at 1x ... maybe 1.5x to 2.0x book ... what you have to ask from a technical point of view is that the 52 week high has been breach for 3 straight days with increasing volume... does not look like goring, looks more like what I surmised above ... anyways everyone be responsible for their own risks, good luck

Reading daily commentary on a non trading stock is a silly venture. Look the company only raised over RM200m for gold mining activity late last year ... you want them to produce stellar results within a year. You read from the notes, they have used up only RM80m so far for "preparation and explorative studies". So far the first geological inferred reserves is already worth over RM300m assuming an 80% extraction rate, as sources put their extraction cost at USD730-760/oz. The new machinery should start operation come September which should see monthly production jump from 3-4kg to 25-30kg a month. They have 2 other mines and apparently another geological study is being done positively, the purported find is even more than the first.

The inferred reserves is just the first 1-25 meters, the percentage of gold improved the deeper the dig. In most cases this is an indication thither will be even better quality reserves deeper down. Its easy to overhype, but those are facts. I wish the company would engage the media/public more as there are some more questions that needed to be answered. Maybe they are waiting for more proper geological reserves reports before doing that.

Current mkt cap is less than RM500m ... the first inferred reserves is already well over RM300m ... there are F&B and quarries plus two other mines ... even the first one should have even more reserves than that as they dig further. Looking at price trend, it looks like no syndicate or owner is operating at all but there seems to be very big buyers every bloody day. Follow the money they say, follow the money.

Buying back is one thing, what they do with it is another ... looking at the sum so far, the company could declare the treasury shares as dividend, at this juncture its about 1 for every 12 shares... it is unlikely they would sell back into the market as they have turned profitable for the last 3 quarters already

with the amount monetary easing, there is currency bastardisation ... Bret will lead to a slow painful disintegration of EU ... hence the scenario for stocks is bumpy at best ... as long as you invest in a decent gold mining company with low production costs, plus good earnings growth... you get the best of both worlds, and protect yourself in a calamity... any calamities will see gold price testing 1900 usd again

Chinaboleh,

The massive rights was to raise the capital to undertake the gold mines, and that was how the Hap Seng group came in largely, via subscribing for the rights. Why raise funds just to pay dividends??? Later la...

soojinhua,

You are right, no point in getting "good quality" finds ... it all boils down to cost of extraction. Give you a great quality find but if it costs USD1100/oz to extract, then pointless. I rather have poor quality but low extraction cost.

soojinhua,

I have asked around and Bornoil's cost currently is hard USD730/oz owing to initial need to get new equipment from Australia ... it is likely to go lower from hereon. Another sniff is that this is only the first initial study (easy to get at) on the first mine. Apparently they have gotten the experts to start on the other two mines, and one is expected to show even better "reserves" than the first one.