Bonus issue declared. 1 to 1 bonus share, subsequently 3 to 1 warrant.

1 of the top 5 insulator manufacturers in the world, servicing HVAC-R industry. Raw material price remained low, couple with better operational efficiency in Vietnam plant. This year superlon should perform better. Global warming, extreme weather means demand is always there for their products. I m not sure whether they will benefit from the storage of vaccine as vaccine fridge or store, even logistic facilities will require insulation for extreme low temperature facilities.

https://www.klsescreener.com/v2/news/view/715497

DKSH itself is a trustable brand for many MNCs in whom they can rely on distributing their products and avoid credit loss from trade receivables by appointing DKSH as their sole distributor. The advantage of DKSH is its presence in over 60 countries in europe and esp. in Asia. It has also established significant network and logistic facilities in Msia for over 90 years. I dont think government can give vaccine to all of us. At the end, some ppl will pay for vaccine themselves from private healthcare facilities. There will be also various brands of vaccine from China and famous pharma companies like pfizer with proven track record. DKSH may or may not become the distributor for vaccine. Regardless of the vaccine, the company has been growing at CAGR of ard 20% for the past 10 years based on Dynaquest. Last yr, it only bought AURIC which could be the next phase of growth for the company. So investing in DKSH is not solely depend on vaccine

Freight is the cheapest logistic stock with steady growth and generous dividend payout

Mkh is 1 of the most efficient oil palm planter. Its landbank of 18k hectares is located at 1 large piece of land which in different from some planters with scattered landbank. Its tree profile is also at the most prime age 9-12 years, that's why it can produce ffb of 30mt/hectare which is above average. Plantation arm will provide a very good profit and cashflow for it, esp when property market is not good. Furthernore, Its landbank for property development in kajang is very undervalued at this price. At current price, it is very cheap and attractive. The boss and icapital has been collecting till now

A very good company that has been overlooked by investor. This company has been growing with CAGR of 11% for the past 5 years. Its products hold a strong margin at 40% and sold in fast-growing nations like Indonesia apart from msia, SEA countries and ocenia. Last year Sept japanese company kitz corporation bought 25.1% share at rm 1.65. Kitz is 1 pf top valve company in the world with global sale channels. It is an almost 70 year-old company. i believe the strategic investment of them in Unimech will provide synergistic effect as unimech products which is middle end can be distributed through kitz distribution network and Unimech can be the sole distributor of kitz products. I hope this will further increase CAGR of unimech in the near future. At current price, it is deems very2 cheap compared to what kitz paid for it

Very impressive latest quarter result and solid cash flow. It has been giving dividend in every quarter. This shows how solid the company is

Solid result despite mco period. Good cash flow as well

My personal view, it is impossible for the government to provide vaccine to all high risk groups. At the end, the government will need private hospitals or clinics' help for vaccination once available, and only certain ppl will be given vaccine free by government. The rest who wanted to be vaccinated need2pay for it. So distributors for MNCs like DKSH may play a role there. Nobody knows. Regardless whether got vaccine or not, this company is undervalued for its in house brands and other famous brands it represent

https://www.klsescreener.com/v2/news/view/707771

Not only pfizer products, it also distribute Astrazeneca products who is also actively involved in vaccine R&D. 1 week ago, it was appointed by Heinz as the sole distributor of its products in Msia

Good company and the only DKSH listed outside of switzerland where its parent company listed. It distribute various famous brands in consumer and pharmaceutical companies which their products are essential to daily life. Hopefully, it can distribute covid vaccine from all these MNC once it is available.

Foreign exchange loss of around rm 40 millon which is out of control. Otherwise, the company is generating operating profit and good cash flow. Rupiah has strengthened from 1: 16k to 1: 14k. Good new is plantation segment is operating as usual. Public bank will continue to hold its 10% share

Commandable result. Next quarter will be affected by MCO no doubt. However, management is quite optimistic of achieving satisfactory performance in 2020. MRT 2 is progressing well. Installation of escalators and elevators should commence this year. Service segment will continue to contribute as it is an essential service to maintain lifts during MCO period

Based on Fred, paper price remained at 10 year low. Orna will continue to benefit from low material price. Rising activity of E commerce is a plus to Orna

https://www.klsescreener.com/v2/news/view/680379

DKSH is 1 of the largest healthcare/pharmaceutical products distributors worldwide, covering over 60 countries, including msia. Because of local law, malaysia is the only country it is listed outside Switzerland where its parent company is listed. We are lucky to have the opportunity to participate in this world class company. It represents well known international pharmaceutical companies like Norvatis, Sanofi, AstraZeneca, abbot and many more. And all these companies are involved in developing covid 19 vaccine. I hope DKSH will be benefited if the vaccine is available in d future

Good stock. Earning in the past 2 years have been impacted by the initial start up cost of the newly opened vietnam factory. It is d top 5 insulator producer in d world

Master and PPHB reported reduced earning, in contrast to Orna, who has more stable income. I guess Orna has more diverse groups of customers, covering food, paper, furniture, E&E and other industries. Julie's biscuit with common shareholder will also provide stable income. Whereas PPHB and master's presence is in northern region penang, which mainly focus on E&E. Current low paper price will still benefit Orna and the management is cautious optimistic of achieving positive result in 2020

Orna would be a better option. It has more diverse groups of customers including a stable customer in julie's biscuit which share the common shareholder. It also has wider presence in d country covering northen, central and southern regions. Low paper price will still benefit it next quarter. PPHB and master are present more in the northern region in penang, which is more focus on E&E sector i guess. Orna covers furniture, paper, E&E, food and other industries. This might explain why orna's income is more stable

As i said in ornai3 page before, muda is not a pure corrugated box producer, it also produce industrial paper price. Industrial paper price is at 10 year low, that's why muda earning is on downtrend since early last year. U can refer to fred PPI paper price. In contrast to orna which is pure corrugated box manufacturer with diverse customer base, low paper price will translate to low material price. Therefore, u should avoid Muda. Dun follow blindly. Orna will benefit from low paper price and i believe next Q result will also be good. Orna will be a better option

Good result. Next quarter should be better with higher CPO selling price. For Q4, CPO selling price average around rm 2100. Next quarter will be higher. USD borrowing also came down substantially, brought down by self-sustaining plantation business.

Excellent result. Service segment is really impressive and a cash cow to d company. This yr onwards MRT2 and LRT3 will start2contribute too

Master is valued at PE of 12, Orna only 7.8...

Orna is indeed very undervalued even at current price. At industrial PE of 10-12, it should worth rm 1.7 to rm 2.0. Business value wise, if based on the price OJI paid to buy HPI 10 years ago at around rm 250 million, then Orna should worth above rm 3

Be cautious if u plan to buy MUDA. MUDA is not a pure corrugated box manufacturer, it also involves in producing industrial paper. Currently, industrial paper price is low, so it may affect the profit of MUDA. In contrast to Orna, which is pure corrugated box producer. So if indutrial paper price low, it will increase its profit margin and earning due to low material price. Must do proper research and dun follow blindly

Excellent result with EPS of 7.16. DPS also grows. Ppl start selling it when pphb reported lower profit. However, orna has diverse groups of customers, including paper industries, food, tobacco, furnitures, E&E and others. This might explain its steady income. Not2forget it has stable customer in Julie's biscuit which shares the common shareholder. Its factories also located at different areas in northen, central and southern regions to capture different market. PPHB only has foothold in penang. As i said before, i prefer it because the management owns more than 30% of share as opposed to MASTER where management is not the substantial shareholder and it consistently pays dividend as opposed to PPHB. Based on Fred PPI up to January this year, paper price has remained 10 year low. I believe next year ORNA will be able to perform well too. The company also mentions that it is cautiously optimistic of maintaining positive result for 2020

https://www.vstecs.com.my/download.php?type=news&file=rhb-report-my_vstecs_trading-idea_20191227.pdf

Very good result. The contribution from its 40% associate really impressed me, nearly rm 1.5 million per quarter. For me, it is a good investment. They paid rm 19 million for it and in return get back around rm 5-6 million per year. With our government emphasizes on digital transformation and 5G, these will bode well for VSTECS. The company is also in net cash position of 71million, rising from 50million. Dividend also increases from 2.5 cent to 3 cent for current quarter

Orna's current PE is 7.6. Master is 11 and PPHB is 10. The ppl who manage Master are not the substantial shareholders, Yayasan Bumiputera Pulau Pinang is d substantial shareholder. I prefer the management themselve are the substantial shareholders like orna, the management collectively owns more than 30% of share. PPHB has not been paying dividend since 2011. I prefer company that pays dividend regularly like orna, meaning the cashflow is good which is true in orna. It is a matter of time the company will be revalued at higher share price

Coverage by RHB. It gave target price of rm 1.78 with PE of 10, which is much lower than the peers with average PE of 17. That's mean it is very undervalued with good safety margin

https://www.vstecs.com.my/download.php?type=news&file=rhb-report-my_vstecs_trading-idea_20191227.pdf

Looking forward Q4 result. Among the peers, it is the cheapest with PE of 7, compared to industrial average PE of 10. Current share price provides good opportunity to accumulate with good safety margin and plenty of room for share appreciation. Cold eye has 1500k shares in it, bought at around current share price

Q4 2019 earning should be boosted by higher CPO price and high unbilled sale. But i m more looking foward to 1st quarter of 2020 as CPO is higher and rupiah started to strenghten further in early this year

Rupiah has strengthened against usd. It is almost 2 year high. This would be great to its plantation in indonesia

Oji is 1 of the largest competitors in malaysia for corrugated box and paper. Many years back they bought a company called HPI at the cost of rm 250 million. At that time HPI has 5 factories for corrugated box and 1 paper mill, about similar size as orna. Now orna market cap only valued at 80 million. It deserves much higher valuation

MKH has 2 main engines in property and plantation. All its plantation is in kalimantan, indonesia. In fact, it will benefit from india's ban on malaysia palm oil buy. The price of CPO in indonesia fares higher than malaysia, around usd 800/mt. Rupiah has strengthened significantly and this will reduce fertilizer cost. It is true property market is not good. But looking at mkh development where majority of them are transport orientated development (TOD) at affordable price, it is doing quite well in term of sale as evident by record unbilled sale

https://www.msn.com/en-my/money/other/julies-targets-up-to-20pct-sales-growth-in-2020/ar-BBYzPbD

It has stable customer in Julie's biscuit as both has the same owner. And Julie's biscuit targets up to 20% growth in 2020. This will benefit ornapaper as well

https://fred.stlouisfed.org/series/WPS0911

Based on producer price index by FRED, wood pulp price and related products has dropped to 10 year low

Ornapaper is 1 of the top 5 corrugated box manufacturers in Msia. To date, raw material prices (paper roll) has dropped to 52 week low. This will translate into higher margin and profit. EPS has improved since q1. Q1: 2.85, Q2: 3.15, Q3: 4.64. Q4 should be better with lower material price and higher consumer spending, esp from e commerce spending (11.11 and 12.12).

Rupiah has strengthened to 52 week high against usd, this will significantly reduce the fertilizer cost and its usd borrowing. This coupled with high CPO price and record unbilled sale will significantly boost the earning for this year. India stops buying palm oil from malaysia. This will benefit Indonesian planter including MKH. Finger cross targets to break rm 2 in near future and reach its peak at rm 2.50

https://www.klsescreener.com/v2/news/view/622038
This will further enhance the connectivity to kajang and the land value there

FCPO is around rm 3100. Still a lot of room for appreciation of share price, from previously peak of rm 2.50 2 years back. 2 years later now the land of mkh is more valuable with mrt2 and future ecrl and hsr

FCPO now breaching rm 3100, heading to rm 3200

There are a few factors that will contribute to increased earning in next few quarters. Rise of CPO, high unbilled sale and strengthened of rupiah vs usd. This happened before in 2017. During that time, earning was 50-60 miliion. That translates into eps of 8-9. I hope it will even better next year as the plantation is more mature now compared to 2017

The current share price is still far from its peak at rm 2.5 2 years back. I had sold it before at close to rm 3 before right issue. Plenty of room for the share price to climb. Public bank retirement fund has been holding it close to 10%

FCPO broke 3k and approaching rm 3100. The Group also expects a better contribution from its Sandakan Biogas plant following the
completion of the replacement of the 3 Biogas engines in March 2019 with an approved
incremental FiT rate of RM0.0699/kWh with effect from 1 October 2019.