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2015-05-18 09:20 | Report Abuse
but gap up today so much?
2015-05-18 09:17 | Report Abuse
from RHB, this analyst is crazy? RM1.50 is hard already..
Ho Hup Construction (HO MK, BUY, TP: MYR2.57)
Initiating Coverage
Rebuilding For Growth And Expansion
We initiate coverage on Ho Hup with a BUY recommendation and SOP-based MYR2.57 TP (88% upside, fully-diluted TP: MYR1.90). The company was given a new lease of life after going through years of trial and tribulations, and we expect a decent CAGR earnings growth of 17% in FY14-17F. This is premised on strong unbilled sales and higher contribution from its JV project with Malton.
Analyst: Chaw Sook Ting +603 9207 7604
2015-05-18 09:11 | Report Abuse
resistance at 0.72/0.725
2015-05-18 09:10 | Report Abuse
AmWatch: Yinson Holdings : With greater conviction Buy
We upgrade Yinson Holdings to BUY with a higher fair value of RM3.60/share (from RM2.85/share previously), based on our sum-of-parts (SOP) valuation. Our fair value implies an FY16F’s (ending Jan) PE of 25x, a premium above the O&G industry average of 17x. We deem this justifiable due to the strong counterparties for their FPSOs and the potential for earnings to double upon the commencement of the OCTP FPSO in Ghana.
Following a recent meeting with management, we raised our valuation of OCTP as we have imputed a higher IRR of 12.5% as guided by management, vs. our previous assumption of 10%. The OCTP project currently accounts for 48% of our total SOP valuation. Upon the commencement of operations in Sept 2017, the FPSO is expected to contribute to the bottom line significantly, with approximately RM150mil full-year accretion to bottomline. We have accounted for four months contribution from the project for FY18F. FY19F earnings should double that of FY15F.
We are taking a more constructive stance on the OCTP contract. We understand that the execution and counterparty risks appear somewhat low given that its customer, Eni SpA, is one of the largest integrated energy companies in the world. Furthermore, Yinson is well protected by the contract terms between the two parties where the early termination fees would preserve its net present value currently derived from the project.
With a 75:25 debt:equity funding for the project, the group’s net gearing is expected to increase from 0.32x currently to >2x over the next 2-3 years. This would be progressively offset by the strong earnings and cash flows generated from the FPSOs. Yinson’s plan to divest its non-O&G operations by this year would further help pare down gearing levels. Yinson is actively bidding for more FPSO contracts. One such contract is the Ca Rong Do project in Vietnam by Talisman (now Repsol), according to Upstream. The stock currently trades at an FY16F PE of 21x.
2015-05-18 01:48 | Report Abuse
i checked on bollinger band technic by benny lee, this time if break out with current band, it will fly real high, see chart on jan20
2015-05-18 01:29 | Report Abuse
weekly chart getting weak, on daily chart, momentum still there but sentiment still weak.. so still waiting or to be sell if there is other counter that is running
2015-05-18 01:17 | Report Abuse
yeah, not strong doji, from charts, looks very good, should consolidate around 70cents before push up.. :) collected and waiting now
2015-05-15 11:39 | Report Abuse
today starts with dip but strong push back! good!
2015-05-15 09:29 | Report Abuse
Macquarie: Since this year, the share price of KSL Holdings has been volatile, hitting its lowest price at RM1.659 before gaining as much as 41.7% to a high of RM2.35 in February. Yesterday, the share price closed 1.1% higher at RM1.82, recovering from the 6.7% drop since last Wednesday. Investors who are keen to gain a leveraged exposure on KSL Holdings for a fraction of its share price can consider KSL-CE, which expires in December 2015, the longest tenure among all other existing KSL warrants.
KSL’s core businesses are in the property development, property management and property investment business. It is one of the major property players in the state of Johor and has been established for over 30 years
2015-05-15 09:11 | Report Abuse
today red red lo, then add add lo
2015-05-15 09:06 | Report Abuse
still sleeping? until when ar? or what will trigger it?
2015-05-15 00:14 | Report Abuse
no news from AGM? i cant find neither from bursa.. but bigboys colllecting
2015-05-15 00:13 | Report Abuse
aiyo... you still keep mbsb?
2015-05-15 00:04 | Report Abuse
Tp 6.33 still intact but i sold, rebuy when market sentiment gets better
2015-05-14 15:42 | Report Abuse
Alpha trader, why myeg last? :) happy to see there is 2.53 tries
2015-05-14 15:41 | Report Abuse
the price go down even more.. might be not good news?
2015-05-14 09:56 | Report Abuse
every morning got test 2.5 and above.. then no power
2015-05-14 09:08 | Report Abuse
HowIn going agm today? 10:30am? pls update as bigboys collected this counter recently... not sure what is coming, sidelines many weeks already
2015-05-13 13:17 | Report Abuse
beli aja... as long as local institutions support
2015-05-13 11:21 | Report Abuse
and now have this news... so AZRB will use this to push down the price again?
Australia’s Bureau of Meteorology (BOM) declared El Nino has arrived, which is the first since the 2009-2010 episode. An El Nino event significantly increases the probability that the sector has hit a trough. We remain OVERWEIGHT on the plantation sectors in Singapore and Indonesia and are still NEUTRAL on Malaysia on relative valuations. This time is for real. El Nino failed to develop last year
2015-05-13 11:14 | Report Abuse
might go up but be very careful as currrently only institutions buys... they decide the flow...
2015-05-13 11:11 | Report Abuse
i cleared MBSB, GTRONIC but KSL.... teruk
2015-05-13 11:11 | Report Abuse
long run is the key words.. how long?
2015-05-13 00:47 | Report Abuse
2015-05-12 11:45 | Report Abuse
wait lar... i bought enough... too much risk.. now in the frozen hill, wait it melt with current red hot sun
2015-05-12 11:43 | Report Abuse
sh... market red red.. busy at myeg now.. come back later
2015-05-12 11:41 | Report Abuse
wah.. all red but this green, from chart, seeing a triangle to be formed, breakout soon!
2015-05-12 09:46 | Report Abuse
btw, i just entered PB FD, 4.+%, quite good
2015-05-12 09:46 | Report Abuse
1.81 bottomed?
@stkoay: wah you really into FD? why not other counters? you already in KSL or not? still waiting?
Stock: [TENAGA]: TENAGA NASIONAL BHD
2015-05-18 10:16 | Report Abuse
http://www.freemalaysiatoday.com/category/nation/2015/05/18/1mdbs-failed-power-project-another-worry/