they should privatise the company for second time, and clean up the mess. probably re-listing few years later.

Outlook. The Group is likely to see margin pressures ahead, brought about by higher capital expenditures in preparation for adoption of the new Euro5 diesel requirements, while also managing the volatility of oil prices. Euro5 is due to reach the Malaysian market in 2020, but with investments having to be undertaken now including the changing of refinery specifications and all related pump station fittings (e.g. new tanks). In light of these challenges, our call on the stock is lowered to Neutral. Re-rating catalyst may come from lower volatility of oil prices however, especially towards the end of rate tightening in the US and the easing of geopolitical tension involving major global oil producers.

topline growth is still intact

Post removed.Why?

flbhd had turn into assets play

probably management foresee it might go lower

interestingly, no share buy back?

it's 80 sen now

since they won't increase dividends. can they do share buy back?

PNB sold before the quarter released!

why did u say so?


probability should slowly move to company like Flbhd...in just another qtr FLBHD may report higher earnings and better Div yield than Liihen.

doubt its restaurant business will turn profitable in the next quarter. good that the losses have reduced. hopefully with the zero rated GST, subdued inflation, will boast the consumer sentiment and in turn improve this business segment.

oops, quarter result is a loss

Just sharing for fun, dont take me too seriously.

I predict the coming quarter earnings would be a disappointment. Mainly due to rising raw material costs, expect profit margin to erode further. Hopefully they can maintain above 15% la.

yep, its been a while since the management rewarded its loyal shareholders


Posted by FAIRnREASONABLE > May 5, 2018 09:22 PM | Report Abuse

Pleased that 20 sens special dividend was declared in addition to 8 sens usual dividend.
Solid counter for long-term investors.

a bit disappointed that Insas did not drop much even with such disappointing results as mentioned by everyone here.

i would like to make it to 8-10% of my portfolio

USDMYR likely to breach 4 by early June

still queuing for 65 sen

If u observed carefully on the first page, Berkshire’s Performance vs. the S&P 500

You will notice that the per-share market value, over the long run, converge with the intrinsic value (which is the per-share book value).

perhaps management should teach the investment community to read Warren Bufffett annual letter.

Extract of it:
"After stating those fiscal facts, I would prefer to turn immediately to discussing Berkshire’s operations. But, in still another interruption, I must first tell you about a new accounting rule – a generally accepted accounting principle (GAAP) – that in future quarterly and annual reports will severely distort Berkshire’s net income figures and very often mislead commentators and investors.

The new rule says that the net change in unrealized investment gains and losses in stocks we hold must beincluded in all net income figures we report to you. That requirement will produce some truly wild and capricious swings in our GAAP bottom-line. Berkshire owns $170 billion of marketable stocks (not including our shares of KraftHeinz), and the value of these holdings can easily swing by $10 billion or more within a quarterly reporting period. Including gyrations of that magnitude in reported net income will swamp the truly important numbers that describe our
operating performance. For analytical purposes, Berkshire’s “bottom-line” will be useless.

The new rule compounds the communication problems we have long had in dealing with the realized gains (or losses) that accounting rules compel us to include in our net income. In past quarterly and annual press releases, we have regularly warned you not to pay attention to these realized gains, because they – just like our unrealized gains – fluctuate randomly.

That’s largely because we sell securities when that seems the intelligent thing to do, not because we are trying to influence earnings in any way. As a result, we sometimes have reported substantial realized gains for a period when our portfolio, overall, performed poorly (or the converse)."

Value trap?

Depending on how u see it.
I see it as Share price of RM1. Net cash per share is 96 sen.
Basically you pay nothing for the business.

i'll follow you to buy at 0.65

at least still profitable. lol

Hengyuan results out.

EPS 28.94 sen.
QoQ -52.71% YoY -68.94%

My question is would Govt compensation includes future earnings potential?

If yes, how would they come up with the valuation? Based on the min IRR?

1Q plant utilisation also lower than expected at 83% only. i read Pet Chem plant utilisation is maintained above 90%.

if you have long term view should be fine, but over shorter period, margin squeeze can be expected in view of rising feedstock cost.

everyday new low for this counter

Aberdeen has lost their patience. still selling

annualise the recent earnings will give rise to EPS of 42.96 sen
conservatively assume PE 12X = 5.15
not much margin of safety there

since their listing, 3 out of 4 quarters have been a disappointment.

EPS
Q2 2017 - 6.58
Q3 2017 - 10.42
Q4 2017 - 16.64
Q1 2018 - 10.74
TTM - 44.38

totally agreed. to be conservative, don't put such high hope...

dragonofdark dont forget this is the result for crude oil when below USD70, this company margin largely depend on naphtha price, which very depend on crude oil price. Naphtha price keep increasing, while product price will not able to catch up so soon, expect coming 1 to 2 quarter result will still under expectation. Demand will decrease if product price stood at high level.
01/05/2018 15:53

if everything also mana tau..then they are not fit to be in charge and should relinquish their positions soonest possible!

i would rate management integrity as poor.

wow, this is really unexpected. such a generous dividend!!!

thanks for putting more money into my pocket, Tony and Datin!!

PBT is consistent. It's the tax impact.

Tech rout continues

https://www.thestar.com.my/business/business-news/2018/04/26/tencent-wipeout-topping-us$118b-reveals-depth-of-tech-gloom/

EPS

Q4 2016 = 7
Q1 2017 = 6.12
Q2 2017 = 5.74
Q3 2017 = 5.51
Q4 2017 = 4.26
Q1 2018 = 0.82

Numbers dont lie. How to agree with management optimism?

But Unisem earnings is in a downtrend. Dropping for 6 quarters consecutively. Any thoughts?

@Patrick13

sentiment rules over rationality i'm afraid. its not only Gadang, Ekovest too

i'm comfortable to buy in if it drops below NTA

Bought some Favco. Lock in 5.6% yield.

Times like this require strategy to buy cash rich companies.

Kenanga giving a sell call with TP of 1.55.

Still waiting for CIMB.

I don't own any Unisem shares. But am eager to know how the IB analyst report outcome since CIMB has been strongly recommended a buy call.



HerbertChua Fabien Extraordinary still laughing at his own jokes?
24/04/2018 21:03

results are worse than expected. am eager to wait what CIMB Research will write. hehehe

If you have such a high conviction with ur wife, ignore the noises and stay away

At a glance, doesn't notice anyone replying you. More like you are talking to yourself.

Stay cool man..

@Halite

Petronm forum has become your own personal diary? syiok sendiri saja

Of course in a down market, many companies trading at cheap valuations. Plenty trading less than 6x PE.

There are many better investments too.

I mentioned SCGM as im happened to look at it at that point in time, and perhaps might get some view from any i3 members here. It doesn;t mean it is the best investment, don't get me wrong here. I'm that lazy to promote any stocks that i researched on.

And by the way, i don't own SCGM yet. It is in my shortlist.

Posted by Jon Choivo > Apr 24, 2018 04:13 PM | Report Abuse

They are good companies trading at less than 6PE now. That's 50% cheaper. And its a bird in hand, instead of a bird in bush.

Not attacking your picks. Just pointing it out. The goal is to make money after all. Who right or wrong don't matter.

Taking into account of projected growth, forward PE is less than 14x. Depending on risk profile, some might wait to go in say less than 10x PE, some buffer to cushion any adverse outcome.

Company has been aggressive in expanding their capacity, sales likely to grow in the next few years.


Posted by Jon Choivo > Apr 24, 2018 09:26 AM | Report Abuse

I can see the potential growth for it, but its a cost based industry, and supply seem to be more than able to meet demand judging by the margin compression.

14 PE seems a bit rich for a company undergoing margin compression in a cost based industry.

Just my opinion of course, you may see differently. Let me know if you think i missed out on something

there would be compensation no??

otherwise EPF lose money too