If you are still skeptical about the award, think again

https://www.thestar.com.my/business/business-news/2019/01/26/mesiniagas-rm19bil-job-under-the-microscope/

https://www.freemalaysiatoday.com/category/nation/2019/01/22/firm-linked-to-brother-of-ex-th-boss-questions-wan-azizahs-denial-over-launch-speech/

Thanks to some bearish articles about Mesiniaga as I can buy the stock at a lower price now

I don’t believe that Mesiniaga dare to file misleading and fake news with Bursa. The concern is whether they can deliver it in time as they have until 30 March 2020 to complete the job. Bravo if they can as on completion their image will be greatly enhanced. By then, I won’t be surprised if the stock price hit above RM5

At the AGM held on 30.8.17, the management said that the poor quarter was because they were focusing in building up Lumiqs at the expense of the other sectors. They didn't give any guidance for the next quarter. This, I think, is why the stock has such a drastic drop in its price. The fundamentals of the company is intact. Its balance sheet is very strong with lots of cash and zero borrowings. Smart LED lighting is for the future. And this is what the company is focusing on now. The stock price is down, but the company is definitely not out. TA-wise, the downtrend is not reversed yet. Support is likely to come in at 2.50. Now is the time to watch the stock closely. Until you see a bullish buy signal, keep your gun powder dry.

1MDB is the victim. It is being cheated by corrupt officials of the company. These corrupt officials are the ones who must be answerable to the cheating. Let no stones be unturned to identify these culprits and have them brought to face the music.

We are all entitled to our own opinion. Learn from everyone; follow no one.

The improvement in earnings from 15.30 sen to 52.70 sen is 244.44%. It was wrongly stated as 70.97%

Your always buy at your own risk. Never blame anyone for your own stupidity

The arrival of UBER will affect this stock

Agreed that IQ is cash-rich with no borrowings. But its 3rd Qtr earning is a poor show when compared to the corresponding period of the previous year. It has dropped 31.85%. It's a good stock to monitor. Watch the chart for a good entry point.

Use your phone and send me a telegram message. My phone is 016 932 1849

Horror story!

China-based stocks are scary!!! Don't look at XinQuan alone, look at all those listed not only in Bursa, but in Singapore and US as well.

KimHin looks a good bet. It's FA & TA are in accord. At RM2.23, it has further upside going forward. Thanks for a good analysis , LTA

The move to hive off NRSB is good for the company. Leasing the US$6m equipment to Tembusu is a good move as well.

TQVM for a great article on Uchitec

Dividend is only for roti canai & Teh tarik when your capital invested is very small. If it is big, then it is different.

KC, Great article! You are the best among all the analysts I know of. Thanks for your unselfish sharing. I salute you!

Effective from April 01, 2015, the company has a new CEO who is touted to a proven leader with competency in business. This is positive for the stock. At the present price of RM3.77, the stock is at a steep discount to its book value of over RM6. My bet is on.

FY 11, Div:7sen. FY 12, Div: 7sen. FY 13, Div: 8 sen. For FY 14, an interim div. of 3 sen was paid on 27.6.14. Fiamma has never paid a dividend of 15 sen for any one FY so far.

David, RM27.29 million came from the sale of logs. GP has 129,134 ha of timber concession land under its jurisdiction. So how can revenue from sale of logs be considered a one-time-off gain?

Thanks, Jen. If management acts with integrity and competence, then its timber forest concession is definitely a gold mine. But if the management is unable to unlock the value of land, for whatever reason, then, no matter how valuable the land is, it will not be of much use to the company.

Do check well before deciding what decision to take as a wrong understanding could cause you to lose a lot of money.

Please note that KPKKT is a wholly-owned subsidiary of GP.

The above filings with Bursa did not say for how long the 6 compartments in the concession will last. Hence, we can only guess. Please note that GP is not going into mining. The mining rights are given to LTAWNT that is a shareholder of GP.

Hope what is appended below is useful:
Operating revenue
The segment's operating revenue increased by 222% to RM38.84 million in the current quarter as compared to RM12.05 million reported in the previous year's corresponding quarter. The increase in revenue was contributed by the logs sales proceeds amounting to RM27.29 million from the concession of the Group's timber management subsidiary, Kumpulan Pengurusan Kayu-Kayan Trengganu Sdn. Bhd. ("KPKKT") during the current quarter under review. The six (6) compartments in the concession were part of a land area in KPKKT's concession that was awarded to the Group's shareholder, Lembaga Tabung Amanah Warisan Negeri Terengganu ("LTAWNT") by the Terengganu State Land Office for mining purposes. In return, KPKKT was given the right to extract and sell the logs therein.

The result for 2Q14 matters much. For those who wish to play safe, they should wait. For me it is: Nothing ventured, nothing gained.

Hot.T, thanks for your comment.

sunztzhe, Sustainability of earnings is also my main concern at GP. But I am prepared to give it the benefit of doubt. I am long on the stock; I intend to buy more, depending on how the stock moves. In the stock market, one should go after strength, not weakness.

500plus, I agree the numbers are suspicious. I wish to highlight that JTiasa is a much bigger company. As at 31.03.14, its number of shares issued was 973.718 ml and Treasury shares was 13.679 ml. At GP, the number of issued shares was only 134.546 ml. Moreover, JTiasa had interest bearing loans and borrowings of RM845.885 ml., whereas PG had borrowings of only RM1.070 ml.

Jaack1, I share your thought. I think there was a change in the top management. That probably did the trick.

It appears that there is a change of fortune in GPharos. Its cash position as at 31.3.14 has improved to 29m, and its current ratio is 1.539 which is okay. It has little borrowings. It has 128,720 ha of forest timber concession to extract for logs. What is of concern is whether its earnings can be sustained. Insiders may have some idea about this. So it's best to follow its chart and go after strength. The company has not been doing well for many years. I wonder if there is a change of management. Please share if you know.

good analysis, thanks

KC, Seldom go back to Bentong. I am now staying in Bandar Puter, Puchong. Do you know me personally?

Dato'Tan Kok Ping was the former Managing Director and Deputy Chairman of Berjaya Sports Toto Berhad. I have no idea whether he is related to Vincent Tan or not.

KC, Thank you for your excellent article on Magni-Tech.

One other thing that I like about this company is that the executive chairman of the board of directors, Tan Sri Dato' Tan Kok Ping is not an ordinary person.

He is the President of Penang Chinese Chamber of Commerce, Chairman of Penang Joint Chambers of Commerce, Deputy President of The Associated Chinese Chambers of Commerce and Industry of Malaysia and Director of Institut Intergriti Negeri Pulau Pinang.

Wealthy people realize that what you do today determines your future status.

The company has plenty of cash, over RM700 million, but don't know what to do with it. It should buy back its own shares and distribute them to the shareholders. The problem with KSeng is that it does not have a heart for the minority shareholders.

The Group has made great advances to position itself as one of the largest rubber-wood furniture manufacturers and exporters in Malaysia and Vietnam. Approximately 99% of the Group's products are exported overseas to the United States of America, Canada, Europe, South Africa, Australia and the Middle East countries.

Teh, Good article! When I was young, I used a bicycle even though I could afford a motor bike, and when I could afford a car, I used a motor bike. Now I can afford to use a Mercedes but I am only using a Honda Civic.
Frugality is a way to riches, I agree.

As at 31.12.13, it has cash amounting to RM154.17 million and borrowings of RM106.57; Current Ratio=1.593 &
NTA = RM2.78. Financially speaking, this is okay. The only concern is whether its earnings can be sustained after its latest two quarters of excellent showing. I am giving it the benefit of doubt. I think the stock is under-valued at the present price of around RM2.70 per share.

The more a place is developed, the more will come. That's for sure. Iskandar will be great.

From my calculation, net cash remained after special dividend is about RM775.8 million.

In other words, the NTA of RM2.68 per share is made up of what?

After the special dividend, how much cash does the company still have? What is the breakdown figure of its current and fixed assets? If anyone knows, please share.

No way a layman is able to work out how much TM will benefit or lose from its partial acquisition of P1. I do not believe that TM did not do its homework, and I assume it is not stupid as well. As such, I shall give it the benefit of doubt and hold on to my shares.

There were a lot of talks about KSeng having lots of tax credit with the Inland Revenue to be used for the payment as special dividend to its shareholders before the end of 2013.

We are well into 2014 and nothing happen in this respect. The management of KSeng is the most stingy when it comes to dividend payment. The company has a hugh amount of cash but do not know what to do with it except to put it in the form of fixed deposit with some banks.

Unless there is a change of guards at the top, KSeng is likely to continue to frustrate its minority shareholders. What a shame!

Less than mediocre earnings in the last five quarters; high debt; current ratio less than 1; Calibre of management: incompetent to doubtful because of poor showings in earnings; dividend yield: less than 1. There are just too many red flags in the stock. Wait until you are close to the tunnel and can see the light more clearly. Better to buy high and sell higher than to buy low and sell high for those who do not have the financial muscle to buy and hold.

Nothing is certain in the stock market. Maybe, the CEO of CSL is purposely pushing the stock down so that he can collect them for a song. Watch this fat tycoon carefully. He is not simple.