Icon8888. you goreng this morning?

Finally, it started to strike back. Not bad in such a short time. Go Go Go

It looks share price consolidation will be over soon. I don't buy much too but I want to bet its coming QR results .Let's see how the big players control the price.

Extracted :

The face and spirit of Imaspro has consistently been that of its managing director and founder, Tong Chin Hen.

Some people view Imaspro as a one-man show as Tong has more or less been solely responsible for the growth of Imaspro to becoming a leading exporting pesticide player in Malaysia.

Tong is known to fly across the globe every other week selling fertilisers and closing deals. Imaspro exports to 30 countries.

Tong has been solely responsible for the growth of Imaspro into a leading exporter of pesticide in Malaysia.
Tong has been solely responsible for the growth of Imaspro into a leading exporter of pesticide in Malaysia.

He has single-handedly led Imaspro to break new markets and increase its overseas presence despite growing protectionism in this segment. “He is very savvy and can talk to anybody. His networking in the international agrochemical business is very strong,” said the fund manager.

Tong is also the biggest shareholder of the company, and holds 40% in the company via his vehicle Swiss Revenue Sdn Bhd.

Business-wise, Imaspro is principally involved in the manufacture of pesticides and plant micronutrients, and the distribution, agency and trading of pesticides and other agrochemicals.

It has a further edge in the form of 277 product registrations in the domestic and overseas markets.

It is this 277 product registrations that has enabled Imaspro to secure new markets, particularly in the eastern European countries.

It also has a 43-acre research centre in Jasin, Malacca.

Information extracted from The Star " Executives close to Dr Yu said he was keen on Imaspro because it had cash backing per share of about 64 sen each and a stable business in supplying fertilisers and pesticides.

“Imaspro is the only Malaysia company whose Glyphosate product is of proven equivalent in the EU countries. This enables Imaspro to export to Europe. As a medical doctor, Dr Yu would appreciate the proven equivalent factor,” said the fund manager."

I don't know how long the machine can be for this industry. Is could be mixers are very simple and cheap machine. They are highly relying on its own formulation by having an inhouse R&D.

I' don't know why Imaspro can fetch such a high margin. Any input?

Jeremiah, the company does not publish any information of its business segment other than breaking down by countries. The growth could be come from overseas market but bear in mind the export sales is volatile. Will it growth further in next Qtr? I don't know. That's the risk I have to take for entering at price 1.48.

Jeremiah, According to the recent QR, export sales (up 270% from average of RM3.9 mil per quarter to RM14.5 mil in latest quarter).

Ckwan11d, you are right. Ancom is the competitor to Imaspro in this business. But Ancom is unable to deliver higher margin. Agricultural chemicals business is competitive. However, Imaspro has been consistently delivered net margin more than 10%. I believe Imaspro has established a strong foothold in this business.

So far Stockraider has been doing well in recommending growth stocks. Yspsah jumped by 55% in less than 2 months. Superlon increased by 23% within one month. I believe that Ahealth would follow suit in near future.

This is a very illiquid stock. Big players can push up the price easily. Good to know that Stockraider has included Ahealth in his portfolio. He put this counter in the growth stock category.

Who's Imaspro competitors in the market?

Icon8888, when I want to look for information of a company, I would search company name in this blog. I don't have to read one by one.

Already read your article to understand the business. I told you before your research blog is my small library. It was too high to join crowd while the hare price riding high in the past few months.

Imaspro financial facts:

PER: 12x
DY: 2.35%
NTA: 1.46
Borrowing: NIL ( net cash 50 cents/share)

Turnover
31 Mar 15 - 38.1m ( + 17% )
31 Dec 14 - 25.4m ( - 9% )
30 Sep 14 - 18.8m ( - 13% )
30 Jun 14 - 26.2m ( - 3% )
31 Mar 14 - 32.6m ( - 14% )
31 Dec 13 - 28.0m

Profit (EPS)
31 Mar 15 - 5.68 cents ( + 43% )
31 Dec 14 - 3.05 cents ( - 8% )
30 Sep 14 - 2.30 cents ( - 13% )
30 Jun 14 - 1.51 cents ( - 38% )
31 Mar 14 - 3.97 cents
31 Dec 13 - 3.30 cents

It has given us the opportunity for accumulating since the last rally. Its turnover was trending downward except last quarter for the past 15 months. There's a suddenly surged in turnover by 17% comparing with last year. It must be something change has triggered demand for the products. If Imaspro deliver EPS 4 cents in coming QR, share price would surpass 2.00.

OSKH's share price seems trending south after the recent sell-down. OLH may press the price down to 1.75 soon. This will translate to 10% extra to OSKP's minorities intending to switch the share.

With 177 million cash to receive from dividends and disposal of warrant in OSKP & PJD, OLH got more power to play the game with minorities. Sigh...

The deal is actually more in favor to OSKP & PJD shareholders in term of NTA valuation. OSKH minorities have accepted the deal because of dividend 15 cents and free warrants. Now, OLH intends to pull down the share price of OSKH to attract minorities of OSKP & PJD. Minorities of OSKH have not received dividends and free warrants yet. Some would face margin call when the price goes lower in the next 10 days. Is it a trap set up by OLH?

Who knows OLH could be fabricating the chart and trying to scare the TA followers away in next few weeks.

OLH is calculative in making a deal. He has given way by disposing its stakes cheap in OSKP. Want more? It could be a fat hope.

This deal seen fair to minorities of OSKP at least from the NTA point of view.

It would be more attractive to some minorities of OSKP if the share price of OSK pressing below 1.80. They can switch to OSKH through disposing OSKP at price about 1.93 and buy OSKH at cheaper price.

The existing offer terms and conditions to OSKP's shareholders are relatively attractive in term of NTA. Currently, NTA of OSKP is RM 2.22 whereas NTA for OSKH RM 2.33 even though after taking into consideration of OSKH's warrants and Cash dividends, Cash payout for OSKP's & PJD's warrants (OLH & PAC portion).

I noticed a seller suddenly threw out 100 lots at 1.46 last minutes and 97 lots had not traded yesterday. This fellow can actually dump partially 1.45 at that time if he really want to run away. I don't see this seller show up in the morning. He was probably trying to confuse us.

The problem is he wanted to keep its average costs as low as possible. He is very very reluctant to let punters to take a free ride.

He would probably attack OSKH first to get a strong foothold. OSKH will issue 143 million warrants to shareholders not controlling by OLH. This quantity of warrants represent 11.4% of total shares assuming all minorities of OSKP & PJD don't interested converting into OSKH shares. It's quite a big quantity. No matter how, OLH would try to secure substantial quantity of warrants before jacking up OSKH's share price if necessary.

OLH may want to collect warrant C in cheap price. If i were him, i would have thrown the OSKH share price below 1.80 to squeeze the weak holders out and collect more warrants at low price after listing.

Big players kept suppressing the share price in the past 2 days. Can they tame it all the times? Hope it would go wild soon.

Here are the PER of pharmaceutical companies:

Ahealth - 15x
Biohdg - 18x
Caring - 22x
CCMdbio - 22x
Hovid - 23x
Kotra - 37x
Pharma - 18x
YSPsah - 21.5x

Rotation play. Ahealth is the cheapest stock in pharmaceutical industry in term of PER.

Skills, knowledge & experience count on punting or invest in Bintai. Will it really turnaround in next few quarters? It's tempting but not the normal traders able to handle it. They can be very flexible when to punt and let it goes due to micro, macro economy factors and TA.

Don't keep in the heart la. It's torturing to look back again. He is a businessman in "trading" securities business. He would go for the counters offering him high potential generating future profits. This trait give him an edge to make big money in stock market over time.

It's good if you can list down the facts supporting your points ie corporate governance, business risk, financial risks & etc.

There is no right or wrong in investing. We can hardly 100% sure that a stock can bring us profit or loss. I believe flexibility would offer more opportunity to consider other alternatives. Stock raider used to punt high risks counters few years ago.

Bintai is a high risk and high gain stock. You can rarely find a stock high returns and low risk at the same time. We need to take certain level of risks which is depended on individual tolerance. We don't have to be too rigid sticking with excellent FA (good track records). It's all about portfolio allocation. Some prefer to take higher risks through a small exposure size. Of course, the best is to use certain portion profit generated from other counters to punt on it by maximizing overall portfolio returns. Creating more fun in investing life.

Icon8888 has contributed a lot in i3i throughout sharing his research of many companies. If you are smart enough then you would know how to utilise his researchs to make a better decision without a need to digging up all the information ourselves. He really got the passion in this field and willing to share his hardwork. Ask yourself, are you willing to share these researchs after spending plenty of time to do the hard job? I take his research as a small library when I need it. I can goyang kaki a bit. Thanks Icon8888.

Uncle did mention clearly that he treats 'investment' as a business. I prefer 'trading' technique used in his approach. It's all about making profit in the stock market. High egoism by ignoring mistakes may get us kill in the market. We have to learn from uncle about forgetting the past mistakes. No point punishing ourselves by carrying the heavy bags behind.He is good at spotting investment theme available in the market. As a businessman, he would come back to plantation sector once opportunity has emerged.

OLH would shake out punters and weak holders so that he can collect the shares and warrants at cheaper price before heading north. I am waiting him to squeeze the price lower than 1.8.

Some downstream industries are enjoying windfall profit as commodity prices cheaper comparing with few years ago ie poultry, furniture, rubber glove, plastic packaging & etc. Cheap commodity prices will not last long due to deflation concern. Palm oil upstream will start to shine again once current El Nino phenomenon develops into strong or extreme level.

In business world, it's all about profit. He would come back when the opportunity is available especially strong El Nino in the making nowadays. That's why I have started accumulating slowly at 1.50. The risk is much lower now.

All depends on the weather for judging whether Green Eagle Holdings is a good deal or not. People would say it would be a good deal when strong or extreme El Nino returns in coming months.

Not many interested in plantation business now. Time to start support uncle Koon a bit.

Tan, The warrant was expired today. I scored number 1 counting up from the bottom. Am I still got the chance to continue the game through using remaining 100% of funds punting FBMKLCI-HW at price 10.5 cents. Thanks

After achieving another round of excellent performance, Superln seems proven stepping into high growth zone. Top line has been growing more than 17% for the last 3 quarters. Bottom line jumped between 28% and 198%. It could be another high growth company in the making. Currently, the share price is traded at 12.5 times.

Share capital: 79 million shares
NTA: 1.00
DY: 5.4%
PER: 12.5 times
Nil borrowing with Net Cash: 13 cents/share

Turnover
30 Apr 15 - 20.9m ( + 24% )
31 Jan 15 - 19.3m ( + 32% )
31 Oct 14 - 17.1m ( + 17% )
31 Jul 14 - 17.2m ( + 8% )
30 Apr 14 - 16.8m
31 Jan 14 - 14.6m
31 Oct 13 - 14.6m
31 Jul 13 - 15.9m

Profit (EPS)
30 Apr 15 - 4.08 cents ( + 198% )
31 Jan 15 - 3.70 cents ( + 143% )
31 Oct 14 - 2.62 cents ( + 28% )
31 Jul 14 - 1.41 cents ( -39% )
30 Apr 14 - 1.37 cents
31 Jan 14 - 1.52 cents
31 Oct 13 - 2.05 cents
31 Jul 13 - 2.33 cents

Superln has continuously posted good profit in the last 3 quarters. It has proven track records and very likely would be another growth story company.

wow! it has cleared the block and on the way to 2.69.

A Quiet stock. No catalyst to spike the share price. May consider accumulating slowly.

Feelgood factor. 6.5 cents dividend to be paid in July 2015. Big players are joining the game. Expecting research reports from IB & OTB. Go GO GO