Feeding into rise in inflation rate. With the above-mentioned subsidy
adjustments, the monthly inflation rate that hovered in the sub-2% range
for the most part between Apr 2012 and Aug 2013 climbed to 3.2% YoY in
Dec 2013 from 1.9% YoY in Aug 2013, and has settled at around 3.4%-3.5%
YoY so far this year.

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Bonia Corp (BON MK)
Technical BUY with +15.3% potential return
Last price : RM5.23
Target Price : RM5.70, RM6.03
Support : RM4.95
Stop-loss: RM4.88
BUY with a target price of RM6.03 with stop
loss placed below RM4.88. BON’s share price
has gradually recovered from the correction
from the recent high of RM5.70 as the share
price has rebounded off the “cloud” and the
rising trendline. Both 10-day and 21-day SMA
lines are on the verge of forming a bullish
crossover which suggests an upward
continuation hereafter, supported by a surge in
positive momentum as shown by a bullish
crossover in Stochastic. Moving forward, a
positive follow-through will ensure a further rise
in share price as we expect it to retest the
previous high of RM5.70 in the near term. We
peg our medium-term target at the 1.38x
Fibonacci extension level of RM6.03.

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Angietan Lol johnny cash, u r such a loser. Everyone knows that 4 million of my card yet to deliver. Thus drop in revenue. As mentioned by rhb in blip.
04/06/2014 20:41

JUST I AM SHARING WHAT I GOT OK...

http://nexttrade.blogspot.com/2014/06/dsonic-bottom-line-dropped-sharply.html

http://nexttrade.blogspot.com/2014/06/dsonic-bottom-line-dropped-sharply.html

Tune Ins Holdings---------------------------2nd june
(TIH MK)
Technical BUY with +11.2% potential return
Last price : RM2.32
Target Price : RM2.47, RM2.58
Support : RM2.25
Stop-loss: RM2.19
BUY with a target price of RM2.58 with stop
loss placed below RM2.19. Following
numerous attempts to surge past the
immediate resistance of RM2.25 (now support)
in the past 6 weeks, TIH consolidated in the
narrow range of RM2.18-2.25 before last
Friday’s breakout changed the overall outlook
as the share price closed at a new high of
RM2.32. A higher trading volume of 3.6m
shares was recorded last Friday (vs 20-day
average of 0.89m), suggesting a genuine
breakout. Positive readings in both MACD and
Stochastic should boost the share price as TIH
looks set to resume its uptrend. We peg our
medium-term target at the 1.61x Fibonacci
extension level of RM2.58.

GD Express Carrier (GDX MK)-------------------2nd june
Technical BUY with +23.6% potential return
Last price : RM1.95
Target Price : RM2.22, RM2.41
Support : RM1.83
Stop-loss: RM1.79
BUY with a target price of RM2.41 with stop
loss placed below RM1.79. GDX’s share price
has consolidated within a small range of
RM1.70 to RM1.83 in the last 10 weeks and
formed a “rectangle” pattern in progress.
However, last Friday’s strong gain placed the
share price in new territory as GDX made a
breakout from the “rectangle” pattern and
closed above the previous high of RM1.90.
Given the much higher trading volume of 3.2m
shares recorded (vs 20-day average of 0.2m),
we opine that last Friday’s move has kickstarted
the creation of a new up-leg.
Additionally, the rising momentum as shown by
both positive MACD and Stochastic readings
should ensure upward continuation hereafter.
We peg our medium-term upside target at the
1.61x Fibonacci extension target of RM2.41.

Prolexus (PROL MK)--------------------------------2nd june
Technical BUY with +18.8% potential return
Last price : RM1.65
Target Price : RM1.84, RM1.96
Support : RM1.54
Stop-loss: RM1.52
BUY with a target price of RM1.96 with stop
loss placed below RM1.52. Despite being
unable to surge past RM1.64 on two occasions
in the past 2 months, PROL’s share price
continues to climb along the rising trendline.
However, last Friday’s gap-up on the back of a
higher trading volume of 1.3m shares (vs 20-
day average of 0.45m) has placed the share
price in new territory, albeit marginally. A
bullish crossover in both MACD and Stochastic
signifies a strong rise in positive momentum
which in turn should help push the share price
higher subsequently. Moving forward, a
positive closing above RM1.64 should
encourage new buying interest and could
catapult the share price toward our mediumterm
projection target at the 1.61x Fibonacci
extension level.

Seal Inc (SEAL MK)================================3rd june
Technical BUY with +16.8% potential return
Last price : RM0.805
Target Price : RM0.875, RM0.940
Support : RM0.760
Stop-loss: RM0.720
BUY with a target price of RM0.940 with stop
loss placed below RM0.720. Following our
earlier BUY at the price of RM0.650 on 28 Mar
14, SEAL hit our initial target price of RM0.780
yesterday. However, SEAL has shown a strong
upward movement after a gap-up on the back
of a much higher trading volume of 35.0m
shares (vs 20-day average of 3.6m) and is
effectively trading in new territory, which was
last seen in Aug 03. We opine that a bullish
crossover in both MACD and Stochastic should
push the share price higher in the near- term.
Conservative investors may try to accumulate
at RM0.75-0.80 while expectations of profittaking
activity may drag the share price slightly
lower. Regardless of this, we peg our mediumterm
upside target at the 1.61x Fibonacci
extension target of RM0.940.

NTPM Holdings (NTPM MK) -----------------------dated 3rd june
Technical BUY with +14.3% potential return
Last price : RM0.875
Target Price : RM0.970, RM1.00
Support : RM0.840
Stop-loss: RM0.825
BUY with a target price of RM1.00 with stop
loss placed below RM0.825. NTPM has been
consolidating in the tight range of RM0.84-0.87
in the past 4 weeks while a sharp rise in
trading volume in between suggests hidden
accumulation in progress. However,
yesterday’s genuine breakout saw the share
price breach above the immediate resistance
of RM0.870 on the back of a higher trading
volume of 1.1m shares (vs 20-day average of
0.6m). As both MACD and Stochastic have
flashed buying signals, we expect stronger
momentum hereafter as NTPM is likely to
retest the stronger resistance of RM0.895 in
the near term which, if breached, should pave
the way toward the psychological resistance of
RM1.00 over the medium term.

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Symphony House ------------------------------dated 4th june
(SYMH MK)
Technical BUY with +28.6% potential return
Last price : RM0.245
Target Price : RM0.275, RM0.315
Support : RM0.225
Stop-loss: RM0.215
BUY with a target price of RM0.315 with stop
loss placed below RM0.215. Following the
earlier rebound on 6 May 14, SYMH’s share
price had advanced to RM0.275 before it
became unable to sustain the momentum as
the share price gradually slid lower before
establishing a new support at RM0.225. SYMH
trading volume has plunged from the recent
high of RM0.275, suggesting selling pressure
has eased as the share price has been
treading inside the “cloud” in the past 7 days.
However, yesterday’s “bullish engulfing” on the
back of a slightly higher trading volume (10.3m
shares vs 10-day average of 5.5m shares)
signifies a reversal from the current correction.
An uptick in RSI and a bullish crossover
between +DI and ADX suggest a surge in
momentum and the potential start of a new
uptrend. Given the positive closing above the
“cloud”, we expect SYMH to nudge higher and
potentially retest both the previous high at
RM0.275 and RM0.315 thereafter.

N2N Connect (N2N MK) -------------------------dated 4th june
Technical BUY with +20.0% potential return
Last price : RM1.05
Target Price : RM1.20, RM1.26
Support : RM0.970
Stop-loss: RM0.955
BUY with a target price of RM1.26 with stop
loss placed below RM0.955. N2N’s share price
has been climbing along a rising trendline
since 6 Jan 14 and has formed a series of
higher highs and higher lows. Following a
pullback from the recent high of RM1.10, N2N
has gradually recovered in the past 5 days
along with an improvement in buying interest
as yesterday’s trading volume surged (0.95m
shares vs 5-day average of 0.23m), signalling
the end of the previous correction and
potentially kick-starting the creation of a new
up-leg. A bullish crossover in both MACD and
Stochastic, however, indicates a strong
momentum has gathered, which in turn should
push the share price higher. As such, we peg
our medium-term upside target at the 1.61x
Fibonacci extension level of RM1.26

Benalec Holdings (BHB MK) -------------------dated 4th june
Technical BUY with +18.6% potential return
Last price : RM1.18
Target Price : RM1.28, RM1.40
Support : RM1.08
Stop-loss: RM1.07
BUY with a target price of RM1.40 with stop
loss placed below RM1.07. Following our
earlier BUY call at RM1.08 on 27 May 14,
BHB’s share price hit our first target of RM1.18
yesterday. Given the emergence of fresh
buying interest as shown by the higher trading
volume of 31.4m shares recorded (vs 20-day
average of 15.2m) and a positive signal
flashed by both RSI and DMI, which suggests
improving momentum, we expect BHB to move
higher. Supported by upward sloping 10-day
and 21-day SMA lines, an upward continuation
should be seen as we peg our upside target at
the significant previous high of RM1.40 over
the short to medium term.

why you are so anti government?? when you were in power you could not do anything,,but now after retirement you are hitting empty cans

please talk on counters that can bring food into our mouth??? why so quiet on mudajaya this days?? why wasting time talking on weak counters like MAS,,,that won t bring any food into our mouth..

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RISK FACTORS
 Volatile earnings due to young age profile. Earnings for a young plantation
company tend to be more volatile as it does not have a strong earnings base due to
its small prime area.
 Dependence on third-party crops. SOP’s margin might be squeezed due to its
heavy reliance on third-party crops for its mills operation.
 Fall in CPO price. Pure upstream plantation companies tend to be more sensitive
to CPO price movement. Any fall in CPO price would have a negative impact on
SOP’s earnings. For every 10% decrease in CPO price, SOP’s 2015F EPS would
fall by 19%.
 Adverse weather condition such as tsunami, El Nino and La Nina and their
consequences (ie forest fires, flooding, etc) would have an adverse impact on its
plantations’ operations.

 Net gearing to remain low. Its gearing level has been on the rising trend over the
past two years mainly due to the need to fund the investment for its refinery and the
increase in trade line. However, its adjusted net gearing level (excluding trade line)
remained low at 0.1x.
 Capex allocation of RM300m. SOP has allocated a capex of RM300m for 2014 for
expansion of its mills and refinery and new planting activities.
 No fixed dividend policy. SOP does not have a fixed dividend policy. However,
based on historical trend, SOP increases its gross dividend by 1 sen every year. In
2012, its net dividend payout was 13%.
 High leverage to CPO price movement. SOP’s earnings are sensitive to CPO
price fluctuation. For every 10% increase in CPO price, SOP's EPS would increase
by 14%.

 Key earnings contribution to come from upstream operation. We are expecting
more than 90% of its EBIT to continue coming from its upstream operation. The
downstream operations, despite their relatively small impact on earnings, would
provide earnings diversification benefits for SOP.

OUTLOOK
 3-year EPS CAGR of 37% from 2014-16F. We are expecting net profit of RM208m,
RM246m and RM234m for 2014, 2015 and 2016 respectively. We are expecting
sharp increase in 2014F net profit on the back of better FFB production growth of
16% yoy (vs 8% yoy in 2013) and higher CPO price assumption of RM2,950/tonne
(vs RM2,143/ tonne ASP CPO in 2013). Lower yoy net profit in 2016F is mainly due
to lower CPO price assumption of RM2,800/tonne.

 Results slightly below expectation. SOP reported net profit of RM33.7m (-7.7%
qoq, +59.7% yoy), slightly below our expectation but we believe that better pricing
and higher production in the coming quarters would continue to support its
performance. The strong yoy growth in net profit was mainly supported by:
- Strong FFB production growth of 18.4% yoy on the back of the increase in new
mature area by about 4,000ha (7% of total mature area) and its young age profile.
It is on track to meet our expectation growth of 16-18% yoy for 2014.
- Higher CPO ASP of RM2,681/tonne. It was up 6.4% qoq and 29.7% yoy in 1Q14¸
which helped to boost the net profit for the quarter.

VALUATION
 Our target price of RM7.80 pegs SOP at 14x 2015F PE, its 10-year +1SD forward
PE. This is also at a slight discount to mid-size plantation companies' 15x PE.
Currently SOP is trading at 11.9x PE, similar to its peers. During the CPO price
uptrend back in 2011-12, SOP was trading between 15-26x PE and reached its
peak of 26x PE in Jan 12. We believe that there is still upside for SOP during this
CPO price uptrend.
 Its EV/planted ha of US$14,594 represents a 27% discount to the peers’ average of
US$19,373/ha. However, SOP is rather illiquid with an average 6-month average
daily trading volume of 183,134 shares, and it has a dividend yield of 0.7% vs its
peers’ 0.9-5.6%.

UPSTREAM PRODUCTION FOR DOWNSTREAM OPERATION
 Downstream expansion. In Jul 12, SOP commenced operations at its first refinery
with a total capacity of 450,000 tonne p.a. in Sarawak. This helped SOP to avoid the
margin squeeze by refiners as Sarawak is facing shortage of refining capacity.
Currently, contribution from downstream operation is rather insignificant as
compared to its upstream operation. In 2013, downstream operation reported PBT
of RM13m (9% of total PBT).
 Minimal impact from Wilmar’s new policy on buying CPO produced from oil palm
trees planted in forest areas and peat swamp land in the state from 2015 onwards.
Under the new policy, Wilmar will stop buying CPO produced from oil palm trees
planted in forest areas and peat swamp land in the state w.e.f. 31 Dec 15. However,
we believe this would have minimal impact on SOP. With the completion of its own
refinery, majority of CPO produced by SOP is channelled back to its own refinery.
Therefore, SOP is unlikely to be affected by the new policy. SOP’s refinery has a
total capacity of 450,000 tonnes, which is more than enough to support its existing
production.

STRONG BALANCE SHEET`
 Strong balance sheet to support any M&A opportunity and expansion plan.
SOP has a net gearing level of 0.3x due to the increase of trade lines as it is
venturing downstream. This is common for companies with downstream businesses.
Nevertheless, it has an adjusted net gearing level (excluding trade line) of 0.1x and
cash position of RM486m, indicating there is room for funding if any value accretive
opportunities come along.
 M&A opportunity to further grow landbank. SOP has about 20,000ha of
unplanted area and it targets to increase its planted area to 100,000ha within the
next five years. SOP is actively on the look out for land acquisition and it has
recently acquired 23,000 ha in Sarawak at RM29,558/ha. SOP has competitive
advantage in Sarawak as it has strong expertise in peat soil planting. 14% of land
area in Sarawak is made up of peat soil, and plantation companies tend to shy away
from Sarawak due to the difficulty of peat soil planting. As a peat specialist, SOP
has the competitive advantage to further expand its landbank in Sarawak.
 Potential further downstream expansion. SOP is evaluating other value-added
palm oil products for further expansion and to complete the value chain. Although
refining margin is thin, we believe that further expansion in refining capacity would
cater to SOP’s future growth once more oil palm trees reach maturity.

GOOD MANAGEMENT AND ESTATE PRACTICE
 Good estate practices… Good estate management are important to ensure estate
productivity and efficiency. Regardless of mineral soil or peat soil, good estate
practices in manuring, estate upkeeping, water irrigation and drainage system and
harvesting practices would help to ensure high FFB yield. We believe that SOP has
good estate practices that support its productivity and efficiency, given that 70% of
its planted area is on peat land which tends to have lower yields.
 … help to increase FFB yield above state's level. SOP has been delivering
above-average FFB yield and oil yield for the past five years. Also, its FFB yields
are comparable to other states’ FFB yields with oil palm mainly planted on mineral
soils that usually are more fertile as compare to peat soils. SOP is the expert in peat
soil planting with its high FFB yield that is comparable to mineral soil. Plantation
companies tend to avoid peat soil planting as it tends to be more challenging due to
poor soil fertility, palm leaning and peat fire problems that lead to higher costs of
planting and cost of production. However, SOP has vast experience in peat soil
planting, and this has helped it to outperform its peers with better FFB yield.

 Huge milling capacity. With the completion of its sixth mill with a 90 tonne/hour
capacity located at Baram, Miri in 1Q14, SOP will now have a total milling capacity
of 2.79m tonne pa. Also, it has plans to construct a new mill with a capacity of 60
tonne/per hour and this is expected to be completed by 3Q15. Upon completion, this
will further increase its milling capacity to 3.15m tonnes. As more of its oil palm trees
are still young, SOP sources about 45-50% of its processed FFB from external
parties in order to maximise its mill utilisation rate. However, as more areas reach
maturity, internally-harvested FFB would be able to meet the milling requirement
and thus reduce the company’s reliance on external fruit for mill utilisation and
improve its profit margin.

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KLCCSS to gain entry to FBMKLCI? Looking ahead, the upcoming mid-year index
review could see the addition of KLCC Stapled securities into the FBMKLCI, in place of
IOI Properties, which was included in mid-Jan 14 following its spin-off from IOI Corp.
However, notwithstanding the potential inclusion in the FBMKLCI, we reckon KLCCSS
lacks compelling catalysts, with its prospective dividend yield already at 5%.
• SapuraKencana and Perisai at risk of losing Syariah-compliant status. The updated
list of Syariah-compliant stocks, effective 30 May 14, saw the addition of 28 securities and
the exclusion of nine from the previous list. Notable additions this round were property
companies MRCB, Tropicana and SP Setia. However, going forward, Sapura Kencana is
likely to be excluded in the next review (in Nov 14) due to non-compliance with
conventional debt limits. Also on our ‘negative’ watch list is Perisai Petroleum.

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sapura kenchana and perisai on debt limits....

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• KLCCSS to gain entry to FBMKLCI? Looking ahead, the upcoming mid-year index
review could see the addition of KLCC Stapled securities into the FBMKLCI, in place of
IOI Properties, which was included in mid-Jan 14 following its spin-off from IOI Corp.
However, notwithstanding the potential inclusion in the FBMKLCI, we reckon KLCCSS
lacks compelling catalysts, with its prospective dividend yield already at 5%.
• SapuraKencana and Perisai at risk of losing Syariah-compliant status. The updated
list of Syariah-compliant stocks, effective 30 May 14, saw the addition of 28 securities and
the exclusion of nine from the previous list. Notable additions this round were property
companies MRCB, Tropicana and SP Setia. However, going forward, Sapura Kencana is
likely to be excluded in the next review (in Nov 14) due to non-compliance with
conventional debt limits. Also on our ‘negative’ watch list is Perisai Petroleum.

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http://klse.i3investor.com/blogs/valueinvestorresearchklse/53534.jsp

it s to late to do anything

Posted by mrchuckle363 > May 31, 2014 11:13 PM | Report Abuse

Johnny, stock2u..you're the page owner? Good posting!

no not me

Peter M. advancement is unstoppable when prices are attractive but TP 5.70 set by amresearch is too high. strengthen book value is always a good fundamental guide

http://www.bursamarketplace.com/index.php?ch=ch_themarket&pg=pg_tm_screener


above screener which value will you look at??? is it only price to book value only or others??

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https://www.facebook.com/photo.php?fbid=797106710300607&set=np.86433585.100002496753938&type=1&theater

please login to facebook first ok

https://www.facebook.com/photo.php?fbid=797110083633603&set=np.86433585.100002496753938&type=1&theater

TONGHER (5010) announced great quarter result...Going next level high?

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HUPSENG (5024) retest MA50 support level...Will it rebound?

login to facebook first,,then click above link

https://www.facebook.com/photo.php?fbid=797789170232361&set=np.86433585.100002496753938&type=1&theater

ARMADA (5210) break down bolinger band squeeze...Due to oversold, watch for technical rebound...

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