Careplus went from 20 cents to almost RM2 which is about 1000% increase in stock price in a span of 3 month of which the profit grow from 783k to 1.1M which is within its previous profit range even before the pandemic. Historically, the most profitable qtr was one in 2015 with profit of 2.5M and the stock price is about 50 cents. My take is that this liquidity driven pump has gone too far. But as most pump, we never know how high it can go or when will the music stop. My advice would be trade with care. 1000% increase in stock price is definitely not normal

Total debt is about 386.85 millions according to The Wall Street Journal. Right now the market cap for LONBISC is about 90 millions. Cant imagine how much more PP need to issue to cover the debt.

On top of that, the accounting scandal issue still have not been resolved yet. The audit should be finished by July 2019. Until then, might be risky to enter.

One thing I am concerned with company that appoint too many family members into the key positions is that it limit the real potential of the business. Should hire real talent instead then can unleash real potential and bring in real profits.

The news regarding special dividend has been out since Nov 17 2018.

https://www.klsescreener.com/v2/news/view/458254/kps-shareholders-eye-dividend-after-splash-stake-sale

As you can see, after the news out, it pushes the stock upwards already from the low of 1.20. You can say that now, the special dividend has already been priced in to the current stock price. This special dividend is one of the factor that drive this stock uptrend.

1.20 + 0.326 = 1.526

You can buy if you have holding power. Preferably more than 1 year. Seems like Dutaland still dont know which direction to go with its business. No solid business core yet since their last disposal. For me personally I think its dangerous to hold for that long since the world economy seems to be breaking apart and at the brink of recession.

Bursalord, did you really just put HLIB research from last year to fit your agenda? That is very misleading and unethical.

Here is this year reasearch from HLIB, (27 March 2019):

Although LRT3 project is expected to commence in 2HCY19, we understand that meaningful profit contribution to MRCB-GKent JV will only kick in from FY21 onwards. GKent is currently bidding for a few water infrastructure projects in Kedah and Johor with contract size of RM100-200m for each contract and 2 hospital projects with unspecified contract value. Maintain forecast and HOLD but with higher TP of RM1.10.

GKent Held An Investor’s Briefing Yesterday With the Following Key Takeaways:

4Q19 results. The exceptionally high gross profit margin in 4Q19 results (c.61%) was mainly due to recognition of VOs from LRT2 extension and management guides that this will not continue going forward. The amount of other expenses increased significantly (QoQ: +238%, YoY: +165%) mainly due to tendering costs incurred for the HSR and Singapore MRT projects.

LRT3. JV contributions slipped into losses of RM6m due to minimal revenue recognition for the LRT3 (MRCB-GKent JV) and reversal of profits due to downwards adjustment in contract value of the job. Although the project is expected to commence in 2HCY19, we understand that meaningful profit contribution will only kick in from FY21 onwards. MRCB-GKent JV is actively engaging with the work package contractors and encouraging the bigger construction players to negotiate with smaller subcontractors to help out on the latter’s work packages in order to mitigate construction risk and shorten completion time of the project.

Potential construction jobs. Focus on potential jobs would be on regional rail related opportunities and GKent is studying on possibilities to participate in Singapore’s rail related job bidding. We opine that GKent would face an uphill battle as construction bidding is very competitive in Singapore. For domestic front, a near term opportunity for GKent would be Klang Valley Double Track 2 (RM5bn) and we understand that the company is looking for a JV partner to participate in the tender. GKent is also bidding for a few water infrastructure projects in Kedah and Johor with contract size of RM100-200m for each contract and 2 hospital projects with unspecified contract value.

Smart meters. GKent’s automated meter reading solution (a.k.a. smart meters) is undergoing pilot testing in several states with commercialisation set for CY19. We opine that the sales of smart meters will benefit from the government’s effort to curb non-revenue water (NRW) given their ability to provide customers with real-time access to water consumption data for billing and monitoring consumption patterns as well as detecting leakages in the water supply system.

Outlook. GKent is targeting to grow profit contribution from metering division to 50% (from 20%) in the short term and to 75% in the longer term given the slowdown in domestic construction industry. The company is looking for potential M&A opportunities and also may form strategic alliances to expand geographical markets and diversify products range.

Forecast. Maintained as the briefing yielded no major surprises.

Maintain HOLD, TP: RM1.10. Despite unchanged earnings, we raise our SOP based TP to RM1.10 (from RM0.97) after updating its latest net cash position. Our SOP valuation for GKent is based on (i) NPV (WACC: 12%) for its engineering division with nil orderbook replenishment, (ii) 8x P/E for metering assuming no YoY growth and (iii) net cash per share. While valuations are undemanding, sustainability of its current earnings level is an issue post completion of LRT3 given the scale back in rail jobs.

Source: Hong Leong Investment Bank Research - 27 March 2019

Trump new tariff threat of $11 Billions on EU would have impacted this company negatively should it materialize.

Very bearish. Its better not to buy today at Trading at Last.

Just covered my short at 5.13. Looking forward to Trading at Last.

CIMB always has a failed morning spike. So the pattern is still strong. Regarding blue chips, I only play big with blue chips only, if anything goes wrong you can hold. I would not dare to play like this with penny stocks or any other speculative stocks.

If possible do not queue to sell, the market makers can see your queue.

I only trade one stock at a time until the pattern fade away or until there is another good pattern to ride along.

Yeah. Good job. Pattern trading is always fun. A certain stock will repeat the same pattern for a certain period of time until there is catalyst for it to broke out of pattern.

yclai118, there are two parts as I have explained. One is buy at Trading at Last yesterday and sell today peak. The other part is short at today peak and buy back at bottom and Trading at Last. None has failed yet.

Same strategy guys. It still havent broke out of the pattern yet.

Wait for Trading at Last if consider buying. It will either be the lowest price or close to the lowest.

Seems like they cant wait to dump it. They will drag it until 4pm.

It is not a perfect strategy but so far the winning percentage is about 94%. To make the strategy double edge swords, you can double the profit by shorting it at morning peak, if your account can do IDSS. This is the only way to play for now until the outlook improve.

Thats true, fund will dump like tsunami soon since theres much more volume to be filled. Easy way to make money with CIMB is that you just buy at Trading at Last and sell the next morning. Works every time. Just repeat this step everyday until there is positive catalyst. Easy money.

Today all green across the region, only KLCI in the red, not just red but bloodbath red.

Sooner or later if this is how the government is interfering with business, foreign fund might no longer interested to invest in this kind of business environment. And thats when we gonna have a real big problem.

Hopefully next quarter wont be a disaster as well. So many terrible things happened

Nothing good has happened to a company that use unethical accounting techniques before. Take Enron and WorldCom as an example. They all went bankrupt pretty quick as people fear for the loss of their money. I would say wait for the verdict of the accounting scandals first before buying in so that you would not risk losing all of your money.

Havent seen such a heavy selling since five years. What is going on

Still waiting to enter since last week. The lower the better.

So, another 7 cents more discount today perhaps more. Lol

At this rate, another gap down on Monday Lol. Better buy penny stocks

Yup. Make sense

True. Today Im guessing gonna have another round of 7 cents discount? Lol. Especially near the closing.

Global economics concern looks pretty gloomy. Cheaper everyday. I'll just wait for Monday, maybe cheaper.

oregami thanks. Swift move by the bank management to buyback its own shares since the price has gone significantly lower. PE is about 9 at the moment, surprisingly low.

Anyone know why Cimb hasnt declared dividend yet? It has announced in the news that the dividend would be 12 cents but hasnt declared it yet on Bursa it seems

Last time it is making a loss is during 2012 and the share price at that time is about rm6. Of course, cannot be compare directly but it is hard to fathom this giant monopoly company worth 70+ Billions making a loss. Should the share price fall more to reflect the current performance that is eroding?

It looks like the dividend payout keep the share afloat for now until the ex date when the real fall is going to take place. Just my two cents

News out share starts falling. Buy on rumors sell on news I guess. No other sensible reason as of yet

Will it fall like the ol' Gkent style, one week up two week fall. Two week up one month fall. Or is this just a short technical retracement before it shoots up since it is mostly undervalue and massive profit margin for a small company.

In my opinion, if you think about it, let say the qtr result is bad, why would the company do share buy back at this price if they know the price gonna go down anyway once the bad qtr result is announced. It would be smarter for them to buy back at much lower price and can buy even more shares.

Unless they suspected that once the qtr result is announced, the share price gonna go up and now is the bottom. That is why they are buying back as much as they can but not to the point it can push the price up so that they can buy back even more at this range.

SBB is a rather a puzzle to figure as why they do it and why they do it at a certain time and range. It is difficult to figure out why as are there so many assumptions can be made. But one thing for certain is that, SBB is beneficial to shareholders as the number of shares in the market would be reduce. Therefore, your percentage of ownership will increase.

Just my two cents.

Based on the many previous trend, today would be the last day to buy at a price this cheap. But you never know where the trend will lead next otherwise everyone would be rich already. There's so many external factors affecting bursa these days.

As of now, MRCB PE is 17 while Gkent PE is 5.

MRCB market cap is about 3 Billion whereas Gkent market cap is about 600 Million. If their net profit is about the same for LRT3 then net profit margin per market cap for Gkent is very high compared to MRCB.

Manage to grab some at 1.00 and 1.05 last month. Waiting to grab some more if it drops further. The dividend is pretty consistent now sitting at average 8%++. Good prospect for medium to long term.

Huge IDSS volume today. What will happen to the price when they need to buy back before 4pm :)

400 millions new shares, then share split 1 to 2. The price should went down soon. Lets see how the sentiment would be.

Bought some at 0.64 but I wonder why Yongtai PE is so high compared to the other counter of the same sector.

Good time: RM0.18 (PE10)
Bad time: RM0.085 (PE5)

This company book value is about RM0.06

Based on chart, its tempting to enter but the risk is way too high not worth it.

Head and shoulder pattern. Very risky

Not just 52 weeks but rather an all time low

Buy on Rumors - Sell on News. The rumors was out more than month ago which should now already be incorporated into the share price as of now. On July 3 you can see the share spike on the rumors. In has increased about 30 cents from there all the way to July 24th. Should the same deal increase the share price again? We'll see. You never know what is the direction of the market sentiment.

Good company. I wonder why it has been on downtrend since May 2017

Collected some at 1.12. Aint selling it yet

Looking at the past trend. BIG profit is coming on its way!