I have done my part as a good heng Tai to all of you...support the price at RM2.11....hehehe

JTYeo has a point - in that if you use the latest EPS which already hit all years high - then, the PE is likely to be inflated leaving little headroom for errors.
But then, what if the high EPS becomes a new norm? then, P/E 7 at RM3.45 (my only entry price) is considered undervalued.
I myself has no authority to dictate that the current EPS (for 2015) will be the same for 2016, but some dudes (Group CEO: Datuk Wong Kin Foo) at CCB think so.

http://www.thestar.com.my/business/business-news/2016/02/24/cycle-carriage-expects-a-good-year-despite-headwinds/

Please refer to the article below:
Cycle & Carriage expects a good year on Mercedes sales despite headwinds

GEORGE TOWN: Cycle & Carriage Bintang Bhd (CCBB) expects a good year ahead, despite the challenging economic environment.

Group chief executive officer Datuk Wong Kin Foo said there would be strong headwinds ahead, but the group had put in place new products and fresh business strategies to move forward.

“One of the new products coming in this year is the new E-Class, which will drive sales forward.

“Last year, Cycle & Carriage sold 11,000 units of Mercedes-Benz,” he said.

Wong spoke at the launch of the Cycle & Carriage newly upgraded showroom in George Town.

Cycle & Carriage also celebrated 130 years of the Mercedes-Benz brand innovation.

Wong said by mid-2016, CCBB would have its 12th Autohaus in the country at Cheras to serve the needs of customers in the southern part of Klang Valley.

“To ensure that all our customers continue to be treated equally, Cycle & Carriage will invest another RM30mil to upgrade six showrooms.

“We are committed to these investments to keep up with competitions and to ensure our customers are taken care of in the best possible manner,” Wong added.

Wong said CCBB spent RM4mil to renovate the showroom in George Town.

“The upgrading of this Autohaus took time because it is part of a heritage building protected by Unesco.

“We are unable to touch the facade too much and structurally have to maintain everything.

“The upgraded showroom has 33,489 sq ft of floor space to feature seven display vehicles, accommodate an upgraded customer lounge, and 14 mechanical work bays,” he said.

According to Wong, a total of RM20mil has been invested, which includes the latest RM4mil spent on the upgrading of the present showroom in George Town.

me - i gonna support the price at RM2.10 - you guys can count on me

in terms of COMPETITIVE ADVANTAGE - CCB is actually a shareholder of Merz Benz. Look at the cash flow statement properly, the net cash inflows from operations is derived by inflating the Accounts Payable. A component of the AP is the interest free loan by Merz Benz. Hap Seng got none of this...Also - CCB is the preferred dealer for Merz Benz - whenever HapSeng runs short of stock, they will take it from CCB. Got it?

Also, from 2007 until 2014, the reason CCB is doing poorly is mainly due to the poor design.

when is the payment date for this pathetic dividend of 5 cents? wanna buy tissue to wipe my arse with it.

wah lau....one day drop $(-0.27 ). See you die or not~???!!!

tomorrow, i will place in order at RM2.10 - see can dapat "water fish" or not?

when is the payment date for this pathetic dividend of 5 cents? wanna buy tissue to wipe my bottom with it.

RM2.10 - me buy

@ stock trader...this name really suits you..good advice...sailang all....

Maybe market got news that Gadang is going to win the MRT 2 Viaduct package RM1.5B. Going through my notes taken during the AGM that Gadang won 3 awards for MRT. Speed, quality and safety. Gadang is the first to award the viaduct...
Furthermore, Dato Kok Onn is busy acquiring the shares in Gadang. .
All these are indicators that some major contact wins are coming ...gotta be patient and keep on waiting

Need to settle this loan to Mercedes Benz first mah

Then, where got money too pay dividend arrr..????

Hahaha...see...my prediction correct or not ? That there is no bumper dividend lar.... Bumper dividend need to wait for next year lar..you all think the real operating cash flow for CCB is very good meh...it is all lumped as a payable to Mercedes Benz lar...even though this is an interest free loan ....also need to pay back one day

apa pun tadak, kenapa wow???

@ yeekarwai88, what happen?

don't be greedy - MRT 2 Viaduct RM1.5B package is good enough

I think what paperplane is trying to say is - some people worry how much they LOST for NOT buying Gadang (opportunity cost lor...)....by some people - he is referring to himself, i guess?

@ TKSW.......aiyoh - why so wasteful? sell at RM2.07?? Keep long long marrr

Hopefully Gadang can win the RM1.5B viaduct project for MRT2.

Hopefully, can breach RM 4 today

Red is good...baru ada CNY festive mood

@ supermix 2, you buy SHL is more worth it

Write a comment..Wishing everyone a Happy Chinese New Year.

Wishing everyone a Happy Chinese New Year 2016...Huat arrrrrr

Wishing everyone a Happy Chinese New Year...Huat arrrrrr

true mar...KokOnn bought his own shares...akin to eating his own shit...it is a good sign

@ zai zai - Gadang management is very honest lar...don't bad mouth them without supporting evidence~!
KokOnn bought his own shares.

aiyohhh - what you scared? the volume not big -

to say the truth...
last time, i buy GOB - then, i lose money...
but i never blame anyone for that....NEVER (x1Million)

you know why?
we are all adults here....no one forced anyone to buy anything...
i normally used Icon's articles (or other bloggers punya articles like Superman/ Apini/ etc) as a spring board to further my own research...
if the company is no good - then, don't buy lor...
if the company is good but too expensive, don't buy lor...just wait until Mr. Market give a good discount....

Anyway - thanks to Icon8888, i found Gadang and load up the truck on it...
NOw, Gadang more than makes up for my losses in GOB...and i mean alot more....and then, going to huat like crazy once Gadang exceeds RM3.

Bottom line...
Don't blame anyone for anything...
Your own money - you decide lor....

Also, show some gratitude...
thank other people (like Icon8888) who gives us leads...
Without them, we totally have no leads....lagi teruk kan?
We all working from 8am to 8pm...where got time to find leads?????
Work on those leads and create a basis whether to invest or not....
Good or bad..we decide ourselves.
Right or not?

Enough said~!!!

@ Icon8888, just joking lar....:-)
i delete my thread...adui...joke joke...don't be so serious...market so bad now...need some laughter lar...

Come and think about it, the economy last year is quite tough too but Merz sales last year shot through the rooftop. Hence, this market segment is resilient to economic headwind. For the rich, a Merz is just some "loose change" or "Out of pocket expenses".

Hence, the determining factor would rather be the design of the car itself than the state of the economy
If Trade View is right, then what is of more importance is the design of the motor vehicle .

Gadang TP is worth RM3. Why????

Just now, i joint the Thaipusam pilgrimage up to Batu Caves - pierce the long shiny needles in my cheek, nipples and tongue - after making my way up the long flight of stairs -- i threw the coconut ....and then, a vision came to me..."Thou shall look at the coconut....." and i saw.......right before me eyes....and i kid you not~!!!

the coconut split into three...and it shows that the Gods have spoken for Gadang...that Gadang is worth RM3 next Thaipusam...which is one year from now. Following the Gods...I am holding my Gadang until the next Thaipusam. It is a SIN to sell now....as it is against GOD's wish....

That is why Gadang is the second largest holding in my portfolio. I hope this answers all your questions as to why i still have faith in Gadang~!!! And why i do not cash out in the recent high and the recent fall....

After looking left, right and centre , I still prefer Gadang. Gadang now constitute the 2md largest holding in my portfolio.

But then , don't know whether this stock can acheived an EPS of RM0.50 for 2016. The key risk is the economy is weak and Merz cannot achieved an EPS of RM0.50 for 2016.

The positive operating cash flows is mainly due to
- running down on inventories , turning inventories to cash, and
- build up of payables - specifically other payables owing to Mercedes Benz at zero interest. Thia is something that CCB has that Hap Seng Star does not. This amount needs to be settled.
Hence, I don't think that they can declare special dividends for 2016 .

The special dividend is more likely to be slatted for 2017. Also, the exchange for rate is currently unfavourable to Ringgit. So, it makes sense to declare special dividends during 2016 as you need to repatriate more Ringgit to make up for the shortfall. For 2016, in line with Mercedes Benz expansion strategy, CCB is expanding their dealership network. All this things require cash.

If you can hold this stock for one year plus, I think it can worth RM4.50 based on EPS $0.50 and PE 10. Also, the special dividend may come online on 2017.

So, for this stock, as with all other stocks, rather than trying to scoop up at the lowest, what matters more is holding power. Hold throughout 2016 and probably into end of 2017 and you will reap the biggest reward.

You have forgotten about SHL...Tambun is good - no doubt about that...but the size of Capital is still quite big...resulting in an earnings dilution

don't know who is right and who is wrong?

http://www.cnbc.com/2016/01/12/saudis-failing-to-drown-us-with-oil-harold-hamm.html
<Basically, the Saudis failed to drown us with oil>, and

http://www.cnbc.com/2016/01/14/oil-credit-crunch-could-be-worse-than-the-housing-crisis-commentary.html
<This Oil credit crunch is going to be worst than the Subprime crisis>.

when in doubt, placed your monies in Gadang...hahaha....expected to hit RM3.00 at the end of this year.

Hi Koon Bee, please explain. i don't understand....

@ superman99, just asking - wanna discuss about the future? Tambun Indah vs. SHL...? If yes - let us discuss via emails...got a few questions to clarify...looking for your expert inputs..hehehe....

aiyoh...brothers and sisters - don't fight - don't fight - we are all here to sama sama make money - those who hold longer - will make more lor...in the words of warren buffet - their personal wealth will now be tied to the intrinsic wealth of Gadang...

those who gostan masuk - gostan keluar...will hit the parking palang..and make lesser lor.....

those who buy today at RM2.18 and hold two years from now...will make the most lor...share market very fair one...

don't mark my words...also, don't call me sifu...me just learning nia..

wah...brother Apini...long time no see you support Gadang thread liaw........really miss you lar....
by the way - what do you think of SHL?
Can help to do some research for SHL and share with xiao di - di??
i have to agree with that Icon8888 - after looking high and low - comparing with Tambun Indah and Matrix - that SHL stands out - really power...

ini punya quarterly results belum "keng"...gua sedang tunggu itu mother of all results...
the RAPID contracts + MRT......waiting patiently

rather than trying to catch Gadang (or whatever stock) at the lowest point, try and think of how long you can hold it. This is more important. No matter what is the oil price now, Petronas still needs to carry on with RAPID. If they do not complete the project on time, Petronas can be sued by these foreign factories. During the AGM, Kok Onn already mentioned that Petronas holds Gadang in very high regards and they have about 10 tenders worth RM3B. Kok Onn is pretty confident they can secure at least a few of them. Look into the future, RAPID + MRT projects.

Buy now on weakness and then, you will reap the gains in the future.

in this dark moments, find the courage to buy undervalued stocks trading at a deep discount...

Whether the current price of USD27 per barrel of oil is sustainable?????

http://www.cnbc.com/2016/01/19/oil-prices-fall-further-on-glut-worries-us-crude-slumps-below-28.html

A report said Canada's oil-sands producers were now losing money on every barrel, while U.S. shale producers "were just burning cash" at current prices.

If you are shale oil producer and you are losing money on every barrel, how long can you last? No doubt, the Arabs are losing too - but who will close shop faster? Eventually, the forces of demand and supply will push up the oil price to find its equilibrium. This means this bruising price war is going to stop or else the higher cost oil producer (reads share oil) will close shop. This means the share oil producers is going to cut their supplies. Oversupply cannot last forever.

interesting....However, we do believe that the re-rating catalyst for GADANG lies on several factors, i.e. (i) FY16-17E orderbook replenishment exceeding RM1.4b, and (ii) an improved sentiment on the property sector.

for (i): quite confident this can be done - MRT + RAPID projects replenishment
for (ii): as long as Gadang maintains affordable housing project...should not be a problem to weather through this property market.

For long term, this is for the keeps.

interesting....However, we do believe that the re-rating catalyst for GADANG lies on several factors, i.e. (i) FY16-17E orderbook replenishment exceeding RM1.4b, and (ii) an improved sentiment on the property sector.

don't quote me but i think the worst is over...the new "low" should be RM3.35. Despite two recent selloff - one on Monday 18th Jan and the other just today, the price bounced off RM3.35....if can grab at RM3.40, please do so - before this baby really runs...

@ yeekarwai88, what is your average price? if you don't mind to share?