TG management has shown that they are as average as the averaged retailer when it comes to investing. so much money wasted at share buy back at sky high prices. they really think they can overtake Maybank as the most valued company in Malaysia. what a illusion. ever heard of mean reversion?

Kumpulan Fima has about 18,000 hectares in Kalimantan Indonesia and is very profitable.

close at ATM 5.97

Management has been very transparent in addressing the various pain points concerning the sector

in 2-5 years time, you will find out...either the next Evergrande or Berkshire. 2 opposite tail events of a bell curve, no middle outcome

Aluminium broke above $2700

Their acquisition of SCHOKINAG in January last year allows them an immediate access to the European market. The Ivory Coast expansion is targeted to increase sales..about half of grinding capacity to be supplied to SCHOKINAG.

GCB is a proxy of post covid recovery play. With EU & US borders opening up for tourism, expect certain levels of pent-up demand to boost recovery.

GCB is 4th largest cocoa grinder in the world. Current market cap is 3bil-ish, trailing PER is around 18x.

With Ivory Coast commissioning expected in 2H2022, they are in a sweet spot to ride the recovery.

There are a few ways to hedge against rising inflation

1) Gold
2) Commodities producer
3) Energy-related companies
4) Cryptocurrencies

Aluminium is steadily hovering above 2600

Both FPI & SAM in my portfolio...has turned into 1x bagger


Fabien "The Efficient Capital Allocater" Both SKPRES & FPI announced record quarterly revenue & net profit

EMS companies are benefitting from the diversion of supply chain and reduced reliance on China

The growth story has always been there. The coming earnings announcement would validate such narratives.

SKP today have touched its year high of 1.95

I have two EMS in my portfolio, SKPRES & FPI

Watch this space

19/11/2020 7:43 PM

Both FPI & SAM in my portfolio...has turned into 1x bagger

Results would have been much better if not because of MCO restrictions. Production volume was not optimised. 1H results were still impressive nevertheless, net profit up 140% y-o-y.

Phase 3 yet to commence. 2022 will see the full benefits of the increased capacity taking advantage of increasing demand due to structural shift towards green commodities. Expect further room for aluminium prices to go higher or at least remain elevated.

2bil market cap breached. congrats guys!

PE less than 12x

Property developer Paramount Corp Bhd has completed its first fintech investment by acquiring a 30% stake in Omegaxis Sdn Bhd, the holding company of Peoplender Sdn Bhd, the operator of peer-to-peer (P2P) financing platform Fundaztic.

Paramount noted that its investment in Omegaxis is in line with its five-year (2020-2024) strategic plan to identify new sources of earnings, particularly those in the digital space, to future proof the group for long term sustainability.

My first TP RM8

@nickinvests congrats, SAM has breached 2bil market cap

pang72 the most happy saw him at Genetec too

Just enjoy the ride

SAM is catching up with Kobay. Good thing Kobay is still moving

at the very least, SAM is worth 2-3x more

Foker what r u smoking??

I don't have reddit account. only active here.

@Foker I don't see the need to constantly update here anymore. fact remains i'm still holding 50% with average cost of 6.63

the hard work has already been done. if you scroll through the old thread i have been recommending SAM when it was 6++ and 7++ and the share price has been hovering around that range for about a year

now that SAM has been re-rated and the surged in price has pique market interest...SAM is in a position of strength. A virtuous cycle ensues...

again, i would like to mention that i recommended SAM when it was at 7-ish..not when it has surged above RM10

am gonna sit on the sidelines and enjoy my gains. cheers

wow, you are more bullish than me..my 1st TP 8.00


Posted by PureBULL ... > Jul 31, 2021 4:03 PM | Report Abuse X

GREATEC looks ready to attempt ATH this week.
Once in the new.blue.sky, this is my daring guesstimate:
1st TP $8.85
2nd TP $9.90 ++

MPI never fail to amaze me

Aluminium is holding steady above $2.5k

Green commodities...both aluminium & copper are essential raw materials for renewable energy sector as the world shift to decarbonisation

demand for aluminium will remain elevated for years to come...used in power transmission lines, wind turbines, solar panels & EV

do u know that one EV can contain up to 250kg of aluminium? battery box, electric motor housing, wheels etc.

PMetal on track to record 100% growth with aluminium prices remain elevated in 2H2021

@ wallstreetrookie deletd my comment because i rather not show my average cost

yes, my comments are up because i have the free time to do so. shaking? more like calm and equanimity.

@treasurehunt

SAM has morphed into a sizable semiconductor contract manufacturer after successful diversification strategy from aerospace market. Its equipment business has outgrown aerospace in FY20. SAM has exposure in semiconductor frontend and storage devices with reputable customers (Agilent, Teradyne, KLA Tencor, Bosch, P&G and etc) in telecommunication, medical and automotive sectors.

As a comparison company, Kobay projected to make between 30-40mil net profit. currently valuing at 1.12bil market cap

SAM 80-100mil net profit. at 1.6bil market cap

im still holding 50%

@wallstreetrookie

i rather be low profile

10bil market cap within reach

Are you really that late in the game? The best time to buy FPI was last year between 1.30-1.40 when nobody wants it.

It's funny how interest always come after the share price has gone up.

SAM hit limit up today.

Remember what i said, SAM is the most undervalued semiconductor play in KLSE.

Congrats everyone!

Remember what i said, SAM is the most undervalued semiconductor play in KLSE.

Great value if drop further

Market cap 6.3bil vs Net Current Asset 6.5bil

LCT is valued below its liquidation value

Frontken recorded PBT of RM114mil last year - RM5bil market cap
Vitrox recorded PBT of 110mil last year - RM9bil market cap

A simple illustration, SAM's semiconductor segment made PBT of RM104mil last year. This represented a y-o-y increase of a whopping 67%. SAM has RM1bil+ market cap

Let's assume a very conservative rate of increase of 10% in earnings. This is at extreme end of assumption considering the structural growth driven by cloud computing, 5G, AI and digitization, which in turn fuelled soaring demand for semiconductor chips and equipment.

At PE multiple of 10x will value their semiconductor business at more than RM1bil. Which implies that at current valuation, you are getting their aerospace business for free.

I believe SAM is the most undervalued semiconductor play in KLSE.

Not bad, close to 400mil profit

A simple illustration, SAM's semiconductor segment made PBT of RM104mil last year vs. Vitrox's PBT of RM110mil. This represented a y-o-y increase of a whopping 67%.

Let's assume a very conservative rate of increase of 10% in earnings. This is at extreme end of assumption considering the structural growth driven by cloud computing, 5G, AI and digitization, which in turn fuelled soaring demand for semiconductor chips and equipment.

At PE multiple of 10x will value their semiconductor business at more than RM1bil. Which implies that at current valuation, you are getting their aerospace business for free.

I believe SAM is the most undervalued semiconductor play in KLSE.

This company made 60mil profit in a pandemic-hit year which resulted in the aerospace division booking a loss. Entire profit was contributed by the semiconductor segment. As a comparison, they made 80mil in prior FY before covid.

if these results are not commendable, i don't know what is, considering their ROE was 9.7%.

note that Dato Seri Wong Siew Hai, President of Malaysia Semiconductor Industry Association
(MSIA) is sitting in the Board.

If other semiconductor companies can fetch forward PE of 40-50x, what do you think of SAM's valuations should be?

they invested 50mil capex last year of which 39mil goes to aerospace and the remaining 11mil for semiconductor. the aerospace business will recovers and strongly. orderbook about 2.4bil.
market cap is 1bil-ish.

Based on projections by Forecast International Inc. in April 2021, the estimated commercial aircraft production in 2021 would be in the order of 900 - 1,000 aircraft. The combined order backlog of Airbus and Boeing commercial aircraft remained healthy at approximately 11,980 units as of March 2021. This translates to a backlog of 8.7 years for Airbus and 6.2 years for Boeing at pre-pandemic 2018 delivery rates. On a positive note, Boeing is gradually increasing its Boeing 737Max production with the goal of reaching 31 aircraft per month by 2022, after the Boeing 737Max grounding has been lifted by Federal Aviation Administration (FAA) in late 2020.

SAM is riding on semiconductor upturn too. Perhaps, its not within anyone's radar either due to

1) perception that its earnings are dominantly derived from its aerospace segment (pre-covid, its almost about 50:50 contribution)

2) Liquidity (hardly any volume as shares tightly held by Temasek)

3) management doesn't bother to talk to any investment analyst


Once the travel industry recovers, a matter of when, you will see both engines running

So its both a recovery play stock and a proxy to semiconductor cyclical upswing

10bil market cap within reach

Vitrox to join Inari 10billion semiconductor club?

As of now, MPI about 9 bil market cap, Greatec 7.9bil, D&O and UWC 6bil+, Frontken 5bil

JHM small cap is about 1.3bil

One is thriving in a structural growth sectors while the other one operates in a sunset industry. Market is not always right, but they tend to get it right over the longer term.

All time high quarterly profit.

Wisest move is to position your portfolio riding on long term growth drivers in 5G, e-commerce, IOT, EV, cloud computing etc.

Yinson's two live bids..the FPSO PDB likely to be awarded by Oct and Petronas's Limbayong by 3Q21. Aker Energy’s Pecan project will be awarded in 2022

Berjaya Corp plans to delist Berjaya Land, sell Berjaya Sports Toto

Expect strong 2Q results to drive share price upwards

The only local tech in my portfolio is Greatec

For tech exposure, i rather invest in US-listed companies. Tesla, Palantir, Square...these are the potential multi-baggers

I like Chinese tech too...bigger tailwinds compared to the US...Baba, Tencent. Valuations are reasonable 600-700+ billion market cap. They will follow FB soon in the 1 trillion companies

Buy companies that have optionality - trait a company has of the ability to evolve and find entirely new ways to grow

Yinson has undergone several transformation in the past...from transport to top FPSO player in the world...and now they are in the phase of transitioning into a RE and technology play

Trust the management proven record and capability to position themselves for new growth

Total PBT = 92mil (77% yoy)

of which,
Manufacturing - 15mil (quite in line)
Plantation - 23mil (in line with its average, Malaysian plantation remain a loss due to young age profile)
Bulking - 43mil (quite in line)
Food - 13mil (slightly below)

Overall results consider good - 62mil net profit. Cash flows was amazing - FCF a whopping 116mil

Net cash now 231mil (about 42% of market cap)

Dividend declared 12sen was above my 10sen expectations

Excluding net cash, the valuation is crazy cheap at low single digit PER. NTA 2.92 backed by solid cash.

My view remain the same, best exit strategy is to privatize this company.

When CPO at its all time peak, of course you have to overpay if one needs to make any successful acquisition.