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2016-03-17 10:33 | Report Abuse
hhahaha...those who chase until 1.60 can shake themselves tonite...who wanna buy this company at that price man...only the company untung la...u think they gonna share u the money ah?!?!?....sohai
2016-03-16 14:56 | Report Abuse
topglove is downtrending from today...will be heading to 4 on correction
2016-03-16 14:54 | Report Abuse
whoa....BIG CORRECTION FOR GLOVE STOCKS
2016-03-16 14:34 | Report Abuse
those chase 5.50..die...slowly heading to 4.50 soon
2016-03-16 14:29 | Report Abuse
current price already factor in all the expectation
2016-03-16 14:02 | Report Abuse
EPS dropped tremendously...be careful
2016-03-16 13:42 | Report Abuse
not really...compared to previous quarter.....it has already dropped...means the current price is already fully valued...
2016-03-13 22:50 | Report Abuse
better sell now while still can...fair value is only 0.90
http://www.thestar.com.my/business/business-news/2016/03/11/mbsb-rights-issue-to-lead-to-huge-eps-dilution/
KUALA LUMPUR: Malaysia Building Society Bhd’s (MBSB) proposed rights issue could dilute its 2016-17 estimates earnings per share by up to 40%, according to Affin Hwang Capital.
“We estimate a potential 39-40% dilutive impact on 2016-17 estimates EPS, barring any potential corporate enhancement exercises. The capital-raising is needed to recapitalise the group further,” it said.
MBSB is planning to raise up to RM2bil via a renounceable two-call rights issue of new shares to meet its capital requirement.
Under the proposed exercise, the issue price of the rights issue would be payable in two calls – the first call of which would be payable in cash on application by the entitled shareholders and/or their renouncees who wish to subscribe for the rights shares, while the second call shall be capitalised from the company’s share premium and/or retained earnings account.
The financial services provider said it would allocate about RM1bil in proceeds from the proposed rights issue to purchase liquefiable assets, while RM900mil would be used to expand its financing business, RM86mil as working capital and RM14mil for estimated expenses of the rights issue.
Affin said based on an illustrative Rights price of RM1, representing a 26.8% discount to the theoretical ex-rights price of RM1.12, there would be both a minimum and maximum scenarios.
The minimum scenario (8.5 Rights-for-10 shares) involving the issuance of 2,412.8 million rights shares, with the first call priced at 82 sen while the second call at 18 sen while a maximum scenario (8-for-10) with the full exercise of outstanding ESOS and warrants and the proposed dividend-reinvestment-shares, raising altogether 2,355.5 million rights shares, with the first call priced at 84 sen and second call at 16 sen.
“Assuming that MBSB’s earnings remain the same as our 2016-18E forecasts, EPS will likely be diluted by circa 39% to 40%. Return on equity (ROE) may decline by 0.7-1.7 percentage points,” Affin said.
Affin has maintained its “hold” rating on MBSB and an unchanged target price unchanged at RM1.38, based on a 0.75 times P/BV target premised on a 9.1% calender year 2016 estimates ROE.
“Ex-Rights, we estimate MBSB’s fair value to be 90 sen (at a 0.66x P/BV target), based on unchanged 2016-17 estimates profit forecasts. At this juncture, the deep discount of circa 41.7%-43% in the first call subscription price (82 sen-84 sen) to its current share price appears to be fairly attractive, but could potentially spark a selldown of the shares given this dilutive capital raising exercise,” it said.
Affin said the upside risks for MBSB was corporate exercises to enhance earnings while the downside risks was increased delinquency and more impairments on financing books and no implementation of turnaround plans.
2016-03-13 22:29 | Report Abuse
the is another bailout from epf after the failed merger.....it will drop further due to bad property sector....looks like Chua mah yu have sent many to Holland....
2016-03-11 07:32 | Report Abuse
speedy boy...u can hold....but I will buy back lower
2016-03-11 07:29 | Report Abuse
losing money like shit.....now use public money and epf money to bailout.....I'm gonna cutloss first thing in the morning..
2016-03-10 19:51 | Report Abuse
means dilute shares la...tomolo sure drop..gone already..going back to 1.20
2016-03-07 12:02 | Report Abuse
after the recent split...at current price Topglove is still expensive...only consider when it hits 4.50 because rubber price increased...and sales are dropping...oversupply ...better cutloss now
2016-03-07 12:00 | Report Abuse
....no contract now...masuk p17 first
2016-03-07 10:04 | Report Abuse
cutloss...else all the abalone you ate need to vomit all out...
2016-03-07 09:27 | Report Abuse
OTB: FLBHD have reached my cutloss point...please discipline and follow strictly to the rule...thank you
2016-03-07 09:22 | Report Abuse
OTB: KESM have reached my cutloss point...please discipline and follow strictly to the rule...thank you
2016-03-06 09:01 | Report Abuse
i3 has team up with the sifu and sidai to cover up the truth...that's why they removed his post twice... hahah
2016-03-05 12:46 | Report Abuse
of course it's bad news...genetec quarter results like shit...then with shares consolidation....at current price will become 1.50....tell me who wants to buy 1.50 shares at times like this??... it will fall until at least 0.08 cents before consolidation...Gluck to those still holding
2016-03-04 00:22 | Report Abuse
not fiberboard....any rattan counter?...
2016-03-04 00:21 | Report Abuse
wee...that's rattan furniture...not wood...must be clear...
2016-03-03 15:22 | Report Abuse
this counter die oredi la
2016-03-03 14:57 | Report Abuse
evergreen seems to be ever red now
2016-03-02 00:41 | Report Abuse
princehero...please show us proof which fund is buying...sentiment is real bad...dont cakap kosong here and con retailers
2016-03-02 00:34 | Report Abuse
PETRONM (Stopped Out @ RM6.47). Recall that we had previously issued a Trading Buy call on PETRONM back in 23-February, after the share price staged a technical breakout from its ‘Ascending Triangle’ chart pattern then. Unfortunately, the shares have undergone a tremendous sell-down (-24.8% since our issue date to RM5.35 yesterday) after they reported a rather disappointing earnings report card. All key momentum indicators (MACD, Stochastic and RSI) are trending south strongly to lend a hand on the bearish technical picture. As the share price has met our conservative stop-loss level of RM6.47, we are forced to stop out from the stock. Meanwhile, interested investors who are looking to accumulate on weakness should be aware of catching the falling knife at this juncture. Instead, they could look to enter at a more compelling level near the RM4.50-RM4.56 (S2) level. We strongly advise investors to look for a convincing technical rebound from the aforesaid support level before entering the stock.
2016-03-01 13:02 | Report Abuse
wah u bought 0.95....those who buy at 1.00 and above damn sohai...haha
2016-03-01 11:16 | Report Abuse
OTB: Please practice your cutloss skills
2016-03-01 10:20 | Report Abuse
yesss ahhh????....hahah then u buy lor
2016-03-01 09:43 | Report Abuse
who bought Holland ticket today??
2016-03-01 09:28 | Report Abuse
here comes another rumour...at times like this...we can't believe rumours...the risk is not worth it...
2016-03-01 09:13 | Report Abuse
don't worry...2nd wave selling coming...Rm3 first support
2016-03-01 08:25 | Report Abuse
nasi sudah jadi bubur
2016-02-29 18:49 | Report Abuse
superb99...u really superb la collected at 3.94....tomorrow u can collect at 2.80 also ..not too late
2016-02-29 18:49 | Report Abuse
the forum is quiet...means tomorrow a lot will throw 1st thing in the morning... ..gluck!
2016-02-29 18:39 | Report Abuse
Dr M keluar...besok drop another Rm 1
2016-02-29 15:30 | Report Abuse
....anybody who holding OTB stocks....better run
2016-02-29 15:21 | Report Abuse
kianjoo already showed bad results...flbhd...genetic....geshen...already dead.....johotin......next incoming canone
2016-02-29 15:15 | Report Abuse
LTA also have to cut half out first
Stock: [SUPERMX]: SUPERMAX CORPORATION BHD
2016-03-22 16:03 | Report Abuse
run for your lives!!!....nobody use gloves now....back to 1.80