feargreedhopedespair

feargreedhopedespair | Joined since 2012-08-09

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2012-11-27 10:25 | Report Abuse

stem-ing towards bonus issue news next week?

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2012-09-03 16:32 | Report Abuse

1.88 1.89 absorbed a lot few days ago..time to push towards???

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2012-08-29 14:49 | Report Abuse

counting down..awaiting their 'impressive' result?

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2012-08-27 12:12 | Report Abuse

pending for contract announcement soon?

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2012-08-27 12:08 | Report Abuse

Good Q-O-Q result?

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2012-08-09 12:01 | Report Abuse

Copy from OSK Research TP RM2.38

Maintain BUY. Subscribe to the rights. Given the higher liquidity and stronger earnings growth emanating from its dairy product manufacturing business, we see the counter coming into the radar of institutional investors going forward. As such, we think Johortin justifies a higher PE multiple for its dairy product manufacturing business. We are now valuing the stock at RM2.38 based on our sum-of-parts (SOP) valuation, premised on its FY13 earnings, with a 6.5x PER for its tin can manufacturing business and 10.0x PER (previously 8.0x PER) for its dairy product manufacturing segment (representing a 50% discount from its larger peers such as F&N and Etika). Note that our FV will remain unchanged even excluding rights and warrants as we have already diluted its earnings based on the enlarged share base. However, we have not diluted the earnings per share based on the full exercise of its warrants.