Thank you for your comments brother Icon8888. But frankly when they said fair value, I really don't trust them . I remember before there are so many instances that like they offer very low price when they take over etc etc, that is after they said FAIR VALUE, and all appeals have gone to deaf ears.

so brother Icon, there's nothing to fear about our warrant becoming waste paper.

Icon8888 Oh I answered just now

Thought you have read so I deleted
02/04/2019 4:15 PM

Sorry brother Icon8888, I didn't see it at all. Could you please post it again for the benefit of the holders, thank you,

Icon8888 ,what have you to say on this by AmInvest

I quote your saying....


Icon8888 If they share swap, the standard practice is to issue replacement warrants (with adjusted exercise price) instead of forcibly take away your warrants at depressed price

In the event of demerger involving distribution of Takaful, you will see Mother shares of BIMB spikes while its warrants exercise price will be adjusted downwards (to reflect capital repayment)

Then we Huat like pig head

I am looking forward to that
01/04/2019 1:14 PM


Icon8888, why you kept quite with the question I had for you in relation to your remarks.

what say you Icon8888 to this from AmInvest...

Nevertheless, the group is still expected to settle off the warrant holders based on the outstanding market value of the warrants. This is necessary in order to move forward with the restructuring as the warrants have yet to expire.

Icon8888 ,what have you to say on this by AmInvest

I quote your saying....


Icon8888 If they share swap, the standard practice is to issue replacement warrants (with adjusted exercise price) instead of forcibly take away your warrants at depressed price

In the event of demerger involving distribution of Takaful, you will see Mother shares of BIMB spikes while its warrants exercise price will be adjusted downwards (to reflect capital repayment)

Then we Huat like pig head

I am looking forward to that
01/04/2019 1:14 PM



From AmInvest.....
Besides, there are 426.7mil warrants outstanding with an exercise price of RM4.72 for a 1:1 conversion to ordinary shares. These warrants were listed in Nov 2013 and will expire on 12 April 2023. Market price is circa RM0.25/warrant. The warrants are not likely to be exercised in the near term as they are out of money. Nevertheless, the group is still expected to settle off the warrant holders based on the outstanding market value of the warrants. This is necessary in order to move forward with the restructuring as the warrants have yet to expire. This will require circa RM100mil from the proceeds raised through the placement exercise, assuming that the warrants’ price remains near current level.

CIMB give a TP of $1.10 , it said buy from 85 cents upwards, so I am starting to collect, hope the best for all

Posted by ChefSaham > Mar 26, 2019 9:55 AM | Report Abuse

public bank tp: 0.43
macquarie: 0.56
ambank: 0.5
kenanga: 0.43
maybank: 0.5


wow, these TP looks attractive, count me in, thanks brother.

Friends, QES anyone, TP at least 35 cents to 40 cents but I expect it to go higher, please see below.

This is a company with a cheaper entry to automation, test and equipment (ATE)
segment with solid balance sheet and earnings growth.

And if were to compare with it's other peers,you will find that QES is rather undervalue.

Take a look at one of it's peers, Aemulus....see pic below

https://ibb.co/VBxrwZX

And what is Aemulus, same as QES?

Aemulus, EPS is less than QES, for PERatio QES is very much better than Aemulus

Compare Aemulus price with QES

So, all in all QES is a better company which is greatly undervalued.

Time for you to ponder and decide if you need to buy QES for solid future growth too.

Good luck to all.

This is a company with a cheaper entry to automation, test and equipment (ATE)
segment with solid balance sheet and earnings growth.

And if were to compare with it's other peers,you will find that QES is rather undervalue.

Take a look at one of it's peers, Aemulus....see pic below

https://ibb.co/VBxrwZX

And what is Aemulus, same as QES?

Aemulus, EPS is less than QES, for PERatio QES is very much better than Aemulus

Compare Aemulus price with QES

So, all in all QES is a better company which is greatly undervalued.

Time for you to ponder and decide if you need to buy QES for solid future growth too.

Good luck to all.

Posted by michaelwong > Mar 20, 2019 7:57 PM | Report Abuse

FGV rebounded and next is JAKS on the radar screen. Strong support!!! Hope for the next run to break.85cents .


;
LET US ALL HOPE FOR THE BEST.

Let's give it some time. Patience .

is it going North or further South? Let's wait & see.

Thank you Huat1 for your fair comment. Let's hope today will rise further to make up the losses for the past few days. Good luck to everyone.

still 15 cents to go to it's target price of 89 cents.

johnny cash PE how much this counter, orion??
18/03/2019 00:01

PE 143.87 EXTREMELY HIGH INDEED , JUST BE CAUTIOUS

cybergreen today 79c and monday 81c? gogogoggo.
15/03/2019 08:19

This will be great cybergreen

cybergreen lol O&G ppl come again. Here is flour not Oil... today pls fly over oils.. hehe
15/03/2019 08:11


cybergreen, today up and up away beautifully.

Posted by goldminerich > Mar 15, 2019 08:10 AM | Report Abuse

Up up and away =)


Up up and away = in my beautiful balloon

today market down but Prestariang goes up, couldn't ask for more.

puntters like i have said, patience is the key for success.

Yes, patience, worth waiting for it to become better.

UnicornP The 10am rise is to lure anymore panic buyers into it and trap them again by pressing down again. These panic buyers are 100% not long term holders because they chased high for quick gain. Operator will do a few more this fake rise until they are sure no more opportunistic buyers interested then only will sincere buy.
14/03/2019 16:17

Yes UnicornP, you got a point here. Yes, there are many want-to-get-rich-fast kakis here. Drive them away and all will be safe it seeing it rises to 89 cents target.

Today I fell the price will be going up. Let us all hope for the best to come. Remember, Amsecurities give a TP of 89 cents but I feel it could be more because the company is expending it business and possible next quarter results will be best.

Good luck to everyone.

Calvin, no point shouting, let the quarter results speaks for itself, enough Calvin of this shouting.

BS, if VELESTO OWNS THE NEWEST & MOST EXPENSIVE RIGS, doesn't mean it's going to make money, correct me if I am wrong, thank you.

SEE THIS FRIENDS.....




3662 MFLOUR MALAYAN FLOUR MILLS BHD
Additional Listing Announcement /Subdivision of Shares

1. Details of corporate proposalWhether the corporate proposal involves the issuance of new type and new classof securities? NTypes of corporate proposal : Conversion of Loan StocksDetails of corporate proposal : Conversion of Redeemable Convertible UnsecuredLoan Stocks (RCULS) to Ordinary SharesNo. of shares issued under this corporate proposal : 8,094,000Issue price per share ($$) : 0.5000Par Value ($$) (if applicable) : 0.000Latest issued share capital after the above corporate proposalIn the followingUnits : 961,306,041Issued Share Capital ($$) : Malaysian Ringgit (MYR) 506,176,262.000Listing Date : 13/03/2019Remarks:You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com

INITIATE COVERAGE WITH BUY, FAIR VALUE
OF RM0.89/SHARE
We initiate coverage on Malayan Flour Mills (MFM) with a
fair value of RM0.89/share. Our fair value for MFM is
based on a fully diluted FY19F PE of 15x.
Our PE assumption of 15x for MFM is 20% below the
poultry sector’s (eggs and broilers) simple average PE of
18.8x for FY19F (see Exhibit 1).
Excluding QL Resources, the poultry sector’s (eggs and
broilers) simple average PE is 14.9x for FY19F.
An alternative exposure to MFM would be via its warrants.
Based on Bloomberg’s Option Pricing Model (assume 30%
volatility) and our fair value of RM0.89/share for MFM, we
estimate the fair value of the warrant to be RM0.31. The
current price of the warrant is RM0.255.
Currently, MFM has 137.6mil warrants with an exercise
price of RM0.68/share. The warrants are expected to
expire in January 2024.
MFM has been around for a long time, setting up
Malaysia’s first flour mill in 1966. MFM’s founder was the
late Datuk David Song, who came from Hong Kong.
In May 1976, the late Teh Liang Teik acquired the
controlling interest in MFM from Song. Teh Wee Chye
succeeded his father in 2002. Wee Chye opwns 20.27% of
MFM currently.
PEER VALUATION COMPARISON
 MFM’s PE valuation is undemanding
In the poultry industry, some companies produce broiler
chickens and some produce eggs. Broilers are young
chickens raised for their meat.
We believe that MFM’s FY19F PE is undemanding. MFM’s
current FY19F basic PE is 9.4x compared with CAB
Cakaran’s 12.8x and PWF Consolidated ’s 10.0x (see
Exhibit 1). In comparison, the egg producers are currently
trading at FY19F PEs of 6.9x to 42.4x (see Exhibit 1).
Compared with the flour producers, MFM’s FY19F basic
PE of 9.4x is cheap. PPB Group, which owns Federal
Flour, is currently trading at a FY19F PE of 21.1x while
Kuantan Flour is making losses (see Exhibit 1).
 Average PE of 15.9x from FY13 to FY17
According to Bloomberg, MFM’s PE ranged from a low of
10.1x to a high of 34.9x from FY13 to FY17. Average PE
was 15.9x from FY13 to FY17. We disregarded FY18 as
the PE ratio would be distorted by MFM’s poor earnings
performance.
Our PE assumption of 15x is close to MFM’s five-year
average PE of 15.9x from FY13 to FY17.

everybody very happy today as both mother and especially son goes beyond expectation.

Me buy higher and higher to help all. hope you all like it. Cheers.

today good performance.

Posted by Trump > Mar 11, 2019 06:22 PM | Report Abuse

Direct disposed again. Not a good sign.
http://malaysiastock.biz/Company-Announcement.aspx?id=1126748


Nothing to worry brother, what they sold is only a tiny percentage as total warrants issued is 137.57 million . Moreover one of them sold last week at a lower price and another sold later but today sill warrant goes up 6 cents, still powerful so to say. In fact mother price today it's price is more than the conversion price [ this is excellent] and as they said got 5 years to go some more, so very very safe, nothing to worry, it's a guaranteed.

So, carry on as usual, nothing really to worry about. This counter is still very hot and tomorrow it warrant and mother price will move high I presume. Good luck brother.

remember TP 85 cents by Amresearch. CIMB gave also 85 cents but warrants will go higher like today up 6 cents, tomorrow will be more for warrants. I presume warrants opens tomorrow at 33 cents is DJ tonight performs well.

Posted by UnicornP > Mar 11, 2019 12:20 PM | Report Abuse

walao WC..


brother, you happy now? I am extremely happy, I got a few containers of warrants, yahooooo

let's hope for the best today

Brother UnicornP, INTERESTED in GBGAQRS (5226) warrants? big sharks sapu 17684, 2500,etc etc, please see snapshot I made for you. Son moves faster than mother and bigger volume too, hahaha....so something must be up otherwise the big sharks won't be buying so much.

see snapshot

https://ibb.co/Y3XvDVG

GBGAQRS is the main contractor for ECRL before and the project was temporary shelved but next week I heard there will be an announcement.

All the best brother.

buy buy buy next week should be better. TP 85 cents and above.

still sleeping, come on wake up you sleepy head.

Brother UnicornP, you happy today with good price coming in?

collect cheap this early morning, make good money too in this counter.

today me happy with warrants performance. Mother too make me happy as sold off early in the morning at a very good price. Collect back in the afternoon. Next week earn more hopefully.

me got more than 10 containers of warrants already at a cheap price, today already make good money when it moves up, next week more that's for sure.Join in the fun everyone.

good performance coming next week. Me sapu alot of warrants for the past week and today bear fruits....I am confident there's more to come.

sapu alot for the past few days, today good performance.

Lukesharewalker Maybe its to goring to dispose warrants
05/03/2019 16:06


dispose warrants, you must be out of your mind as warrants was just issued and still got 5 years to go. it's not those warrants that had 5 months of life left.

don't worry, still got 1 hour to go before closing. sure more will come

24.5 cents, people wallop 1 million shares at 2 goes

brother UnicornP, more than 1 million warrants at 24 cents was wallop at 2 goes, so I presume we should expect more of the price moving up as there is some big kakis here at warrants.

more to come brother UnicornP

brother UnicornP, someone just eat 7811 warrants at 24 cents, wow

thank you UnicornP. Maybe somebody controling it now to push up later after collecting enough.

UnicornP Manyak tipu punya WC..
05/03/2019 15:00


how come? everybody wants to sell only, very limited buyers?