by the way, anyone can share some info on their investment in associates.

the share of loss of their associates have increased tremendously from RM4mil to RM37mil.

yeah minutes need to be discussed at the Board and confirmed as such/amended before releasing to public

what is ur basis to think their 4th qtr able to match 3rd or better?

since listed, there has always been surprises to their earnings, water disruption, unplanned shutdown etc etc

valuations may seem cheap now but if earnings continue to slide then it may not seem to be the case

Osk owns 10% of RHB

Based on their stake, it is worth RM1,935million which is more than OSK's current market cap.

hahahahaha U-TURN so fast

what a joker

waiting on the sidelines

If below 4, i would jump in. Enough margin of safety for me to protect any downside risks from earnings.

Will see bigger contribution from sales of its luxury villas in Bintan

perhaps what happened to Bali has benefited Landmark

tomorrow ex date. just collect div

US new home sales increased 6.2% to a seasonally adjusted annual rate of 685,000 units in Oct, the highest level since Oct 2007.

US new home sales increased 6.2% to a seasonally adjusted annual rate of 685,000 units in Oct, the highest level since Oct 2007.

where is our champion Leno?

artificial push up the KLCI index?

slowly accumulate more. lock in dividend of 1.6sen

Refining margins are expected to be lower in the near term based on market published forward
prices and refining margins. Operational efficiency, product quality, hydrocarbon and financial risk
management continue to remain key areas of focus in optimising the Company’s performance for
the current financial year.

Very consistent results

EPS
Q1 4.86
Q2 4.14
Q3 4.61

Annualised earnings 18.15sen, a growth of 1296% compared to last financial year
Book value grow by 17.19%

You have to understand the nature of business Insas is in. It is inevitable that their earnings will be volatile but having said that, they managed to deliver consistent earnings.

It's better to look at Insas from asset-based investing approach.

moneypedia oic good2 @sslee..i believe sustainability of Insas is important to it investees also...
25/11/2017 10:35

Continuing from my previous post:
Here's another perspective to look at.
Cash balances and money market funds amount to RM105,719,000 which is equivalent to RM1.02/ share

At current price of RM1.30++, the rest of the business is valued at 20++ sen.

This time i provide a simple valuation

Price = 1.32
Net cash/share = 1.02
Annualised EPS = 13.65sen

ex-Cash PER = 2.2 times

i know some of u sharing ur so called expert advice/pessimism to educate the audience in the hope of collecting it cheaper

depends on ur investment horizon

if u have a short term view, there's no catalyst in place for u and i suggest that u stay away from flbhd

Leno TP has been upgraded from RM2 to RM3. Time to sailang on this company!!

It's not too far fetched if you take into consideration in the unrealised gain in its investment securities which currently booked at book value.


dunspace In my opinion, RM3 intrinsic value is too far fetched.... his just blowing him own trumpet unless there is a hidden associate/subsidiary that can grow like Inari.
23/11/2017 17:34

Level of TP

Ben Graham net-net asset valuation = 1.68
NTA = 2.41
Dato Sri Thong = 3

Do you think at current price, the company is trading at a tremendous bargain?

Value is in the eye of the beholder. I may see value and yet you disagree.

So the key question is whether the management is competent and capable to drive the company through this difficult period? What is your assessment of the management?

Another question is whether these supply problem is a prolonged structural issue?

Business prospects seem challenging, that's true.

Here's another perspective to look at.
Cash balances and money market funds amount to RM105,719,000 which is equivalent to RM1.02/ share

At current price of RM1.30++, the rest of the business is valued at 20++ sen.

immediate target price is 60 sen before eventually touch RM1

Hengyuan did well.

Have a look at BJCorp too.

just my opinion, i believe the selldown could be due to the strengthening of RM.

nothing to worry about as this is macro-related variable which the company to an extend can only mitigate via hedging.

business fundamentals unchanged and prospect seems bright.

take a longer term view then u will be fine, just enjoy the high dividend payout in the meantime which is fully supported by its strong FCF generation.

Liihen is a very safe investment.

Short term price weakness is normal. Not every share can go up like Hengyuan. It;s better to inch up slowly and let the market dictates it.

More importantly, fundamentals are good.
Strong B/S: Net cash 54 sen per share, FCF/share > 4.5% (above risk free rate), DY > 6%
Strong earnings visibility: riding on US economic growth and the hurricane effect

time for re-rating perhaps?

BJCorp share still some way to go to its intrinsic value

Looking at their equity investments, to me, they act like private equity firm. They build sizeable stake in the company and account them as associates. Their businesses are diversified because of their strategic holding in these investee companies.

In a typical treasury function, there are full time employed professionals carrying out the investment activities (doing research, site visit, buying, selling etc), with each team set-up specialising in equities, bonds, money market etc. What u need to know is what is the governance structure in place overseeing this investment function. I don’t think Thong is the one who made the call, and if so, is his discretionary authority is approved by the Board and or is there a check and balance function to mitigate such situation.

I believe there is someone heading this division who is full time observing the function. The next question is whether they have an investment committee to meet regularly and evaluate the performance of the investments and whether the investing strategies/process meets the investment objective.

Why do u want to recommend OTB? He is more a trader.

Insas investments are of long term nature, 3-5 years as stated in the AR. Apart from equities, they do invest in fixed income, money market and options.

Pls check Thong's background, he is a prominent Investment Banker. And also, i do remember in the past AR, they did mention about having investment team set-up overseeing this function.

anyone has any idea of how much Insas's stake in IGB Corp and whats the COI?

if privatisation goes through, how much gain would Insas book?

Accumulated more of Insas.

Where to find negative enterprise value stock in Bursa.

It's a very safe investment with enormous upside potential. Time will prove.

drop 6 sen. where got uptrend mode?

wah so many experts giving their expert advice of SELL call.

everyone has their own amazing target price...as low as 0.59 i believe

funny, it reminds me of Hengyuan and more recently, Lii Hen (due to last Friday fire)

shareinvestor88
540 posts
Posted by shareinvestor88 > Oct 30, 2017 10:55 PM | Report Abuse

Better sell before the results come out

I can feel his frustrations. LOL

uncle lim must have patience to wait for 2.5 ya...maybe can get in next decade or so

suddenly so many concerns about your wealth being by giving advice to you to sell your shares

i believe many who advocates SELL call are actually in the hope of buying cheap

Budget 2018: RM100mil loan with 70% guaranteed by Govt to automate production of furniture manufacturers for exports.

Budget 2018: RM100mil loan with 70% guaranteed by Govt to automate production of furniture manufacturers for exports.

Lets talk about good news shall we..

Budget 2018: RM100mil loan with 70% guaranteed by Govt to automate production of furniture manufacturers for exports.

please be rational and do not equate Lii Hen with Notion. it is a totally different scenario. apply logical thinking. that's my advice.

really scratching my head looking at the behaviour of all these panic selling...calm your horsed down man

Lii Hen up but Hevea and Poh Huat down