u guys sure OTB is buying? KYY also?

good opportunity to collect
if u have long term in mind

If u want a power plant play,better buy MFCB.

i wonder how much can it go

This stock should valued at least 2.4 at a MINIMUM

Good show today. well done insas

Hi Contrarian, I'm already invested in FACB...to me, the downside is very limited...any potential upside is the "unknown bonus"...let's see how it goes, time will tell...

Posted by TheContrarian > Jun 12, 2017 10:35 AM | Report Abuse

How will Insas perform tomorrow? Will Insas fly? Will Insas crash? Que sera sera, whatever will be, will be. The future's not ours to see. What will be, will be.

Posted by TheContrarian > Jun 12, 2017 06:46 PM | Report Abuse

linges, I think will fly. If fly I will later explain why I said so.


Contrarian..such conviction, u have any insider info?

Say easier than done. I'm also good in theory.

i hope insas can break above 1.20 first

1.20 breaking soon?

it's net-net value at least 1.44

what's the immediate tp?

Net cash per share alone is RM1.86

nothing wrong with fundamentals, why u all so worried? in fact, the prospect is looking brighter...

sorry, i have made some mistakes in my earlier computation. assuming MFCB earnings for 2017 and beyond grows in line with GDP (which is the most conservative estimates as we know MFCB will record more profits due to the recognition of the construction profit), MFCB should valued at a minimum of 4.76. if we to recognise the potential earnings growth arising from the Don Sahong project then i think we should be talking about 5 and beyond. that's my opinion anyway.

BV Net Net
3QFY2017 BV Multiplier Value
Cash & cash equivalents 528,119 1 528,119
Marketable securities 400,725 1 400,725
Investment properties 185,716 1 185,716
Associate companies 298,340 1 298,340
Accounts receivable 417,684 0.75 313,263
Inventories 14,045 0.50 7,023
Total liabilities (672,472) 672,472
Net Net Working Capital 2,405,658
Shares outstanding 663,007
Net Net Working Capital/share 3.63
Net Tangible Asset 2.30

but bear in mind, my lower range of 4.20 did not take into account the potential re-rating of MFCB earnings multiple in view of the quality of its earnings (i.e. steady stream of income) coming from the Don Sahong project once it commences its operations in 2019

to be more conservative, i'll take the lower range 4.20 to Public's TP of 4.48

@theintinvestor Implied share price for MFCB is ranging fr 4.20 - 5.91

Wilmar is carrying out an internal restructuring of its China operations and plans to list in Shanghai. Valuation of the China operations - USD9.1 - 13.7bil. PPB will reaps the benefits from this exercise from its 18% interest in Wilmar.

nta is 2.30...revalued nta is xxxxx....

Fantastic results

Dylan...Hevea is a good stock...dont sell too fast. And with MFCB, it has much room to go up more...its still very undervalued at current price

this hebeifortune is spreading false call

Accidentally unload??? sell means sell laaaaa.....where got by accident!

if u have a long term view, u wont even bother to look at its share price

"We believe that the Group’s financial performance
and quality of earnings will improve significantly when
the Don Sahong Hydropower Project commences
commercial operation in year 2019. The earnings from
this project will contribute a long term steady income
stream to the Group, enabling it to take on business
opportunities that arise and create long term sustainable
growth for shareholders."

http://klse.i3investor.com/blogs/stockify/118088.jsp

Yes, optimus...you are right

Q1 2016 Q2 2016 Q3 2016 Q4 2016
Revenue 218,310 197,575 215,021 283,329
PBT 40,309 47,993 51,451 59,872
Net Profit 23,595 26,653 35,908 34,585
PBT % 18.46% 24.29% 23.93% 21.13%
NP % 10.81% 13.49% 16.70% 12.21%
EPS 10.56 8.54 10.74 10.01

Q1 2016 Q2 2016 Q3 2016 Q4 2016
Revenue 165,394 144,150 145,050 168,506
PBT 27,787 22,248 21,221 22,355
Net Profit 21,024 17,019 16,178 20,515
PBT % 16.80% 15.43% 14.63% 13.27%
NP % 12.71% 11.81% 11.15% 12.17%
EPS 11.68 9.46 8.99 11.40
DPS 4.00 4.00 4.00 10.00

Q1 2016 Q2 2016 Q3 2016 Q4 2016
Revenue 53,286 52,737 30,923 64,530
PBT 4,358 6,075 4,107 10,717
Net Profit 3,312 4,641 2,878 8,350
PBT % 8.18% 11.52% 13.28% 16.61%
NP % 6.22% 8.80% 9.31% 12.94%
EPS 3.21 4.50 2.79 8.09

Stripping of last year shares disposal, Insas results are commendable...more importantly its NTA is at 2.18 now!

Results exceeded my expectations! Was targeting EPS of 10 sen. Liihen has proven its strong performance for a good few years, its earning visibillity. Its time for the market to appreciate its strong fundamentals and hopefully we will see an expansion of its PE multiple. With such strong growth and healthy balance sheet, strong cashflows etc etc...Liihen should command at least a 10x PE which should yield at least RM4. Thats a very minimum target by the way.

NTA & EPS to increase by 28 sen. Let's see what Parkson is going to do with that cash...

No brainer. TA is a perfect stock for assets play. So undervalued....so much value to be unlock!

Lets wait for the Q4 results. I believe 40 sen EPS is achievable. Based on 9.6x PER, MFCB should value at 3.8

Its already known in Q3 prior to today announcement.

Expecting provisions in 4Q. The Group has been slapped with additional taxes and penalties amounting to RM22.8m by the Inland Revenue Board of Malaysia., of whch it is required to recognize the provision though the Group is in the midst of making an appeal.

Wow, that's very interesting...thecontrarian can time his selling in July!

DCF analysis implies share price @ 4.51 assuming their FCF grows at inflation rate of 2%

net net working capital/share is 1.44. And that is based on BV of all its investments. If they realised their holdings of Inari is already worth more than RM1/share (net gain!), not to mention their other investments in Ho Hup, Omesti, SYF Resources, investment properties, unlisted securities etc etc

Insas net net working capital/share = 1.44

based on homeritz recent quarter announcement, average USDMYR is 4.21 for Q4...much higher compared to 4.04 in Q3

RM strengthening a bit...can notice all export counters dropped...that's normal for traders to sell their positions....on the contrary, investors should hold and if possible collect more...let's wait for the quarter results announcement next month

Based on homeritz recent quarter results, average USDMYR is 4.21 for Q4. This would boast well for all exporters...

Good riddance of weak holders. Then only the price stabilises and reflects its fundamentals in the long run.

Target price based on various valuation methods ranging from 3.00 to 3.46 (very conservative estimate and assuming no growth).

how can fair value is 1.83...and they never explain their basis

A strong buy if u have a long term view. Moving forward, their hydropower project in Laos will be their key growth driver. As at 3Q FY16, completion stage is only 11.5% but we have already seen its contribution to MFCB earnings in the last 2 quarters.