http://www.philstar.com:8080/business/2016/03/16/1563245/despite-oil-slump-petron-profit-more-doubles

Investment need patience, to gain big, need consistent research, be sensitive to macro economy, eventually return will come over.

PetronM CEO already mention at Philipine, last 2 mths till end Feb 2016, refinery utilization run at full rate, now already hit 90% with good inventory & currency control. No more plant shutdown for maintenance. I do trust this new mgmt as oil price still way low vs last 2 years ago. This is mgmt structural change, expected to see big gain in profit return next qtr, TP 8.00 by mid of this year once EPS hit > 20cents. Invest at your comfort level.

syndicate is blocking the share price up,evy time readjust 2 price level gap to scare off buyer. They using RM strengthen news to collect more share from my observation.

Warren Buffet investment theory - be patience. Share market is a platform where wealth transfer from normal to rich man. Buy at your comfort level and know your risk appetite.

Shafi, I believe u are wrong. U cannot compare all sector under same PE range value. Global PE is 15, that based on total average across all sectors combine. If u say all based on PE <15 to sell, then all good & blue chip stock, ex. BAT, F&N, PBB, MYEG, HARTA, KAREX etc.. should drop more than 2/3 of the value now.. then whole Bursa in collapse then.. but why there still stand firm.. people ignorant? If the sector biz is resilient, it will pump up much higher than u know.
If trace back to record, during subprime crisis 2008/09, good efficient counter biz (ex: Hartalega) jump 2x times fold from 2009 to 2011 .

People sentiment is dragging Topglove down. Think rational, this market sentiment does not affect glove industry, some more it much benefit to overall glove sector - USD vs RM still higher >4.20, low oil price drop, automation, demand upside - all point to resilient sector. Compare to other 2 glove maker Harta & Kossan peers still standing firm on forward PE 24 and 30, vs Topglove PE 16 now. Buy if it drop further, slowly averaging it if possible before it rebound high.
I collect more when it touch 6.00 . Let see...

all small day trader are out now, time for Topglove starting to move higher now. Going uptrend now. Huat arh...!!!

fund mgr is slowly collecting share now. Those seller will be regret of selling later, today will hit 7.00 before closed.

Shell refinery in southeast Asia has 3 plants site, one is port Dickson, Singapore and Philippines. Each listed on their stock exchange, for each Shell Refinery. Mother Shell Royal Dutch Shell group, hold 50%+ shares, so if all these 3 refinery stock up, it benefit to Shell.

I m still practising WB invest style, buy business. Business is on track, some more low oil price and macro economy is helping refinery for big gain earning. Even a bad, dumb mgmt able to manage refinery operation, is like a free money, unless their mgmt is that so screw up, unable to benefit from this golden opportunity.
WB keep on pumping money to buy refinery business as see in WSJ new. Follow WB style, when buy when people fear, sell when people greed. Let see this coming Feb quarter result then.

Brent oil price drop below 30, lowest in 13yrs. Will be a big gain for world refinery, high cost margin refinery gain. Good for Shell & PetronM moving many quarters down the road now.

Brent oil price drop below 30, lowest in 13yrs. Will be a big gain for world refinery, high cost margin refinery gain. Good for Shell & PetronM moving many quarters down the road now.

U are right Yuefei01, I just play conservative on the EPS earning result out. My conservative EPS is 50cents, my optimist is >RM1.00. I just want to highlight here is the risk is very low, but the gain is superbly high. My TP is 10.00 if EPS out 50cents, but if EPS out RM 1.00, then TP 20.00+ easily can be achieved since crude oil price drop so much below 50.00, huge room for all refinery counter to benefit.

Whole world oil refinery companies downstream are making money due to cost margin refinery improved due to low crude oil price. Personally, I don't think Shell reputable company can be so screw up in it mgmt. operation cost control, similar to PetronM & Petdag. Business and macro economy is on track to boost all refineries stock. Don't get trap or scared off by a block of selling volume queue by certain parties or fund mgrs. If coming out Q4'15 Feb EPS result >50cents+, it will fly way above. Daily fluctuations is normal. Just be patience.

u are wrong fayeTan, u don't look deeper to refinery operation as of why it profitable for PetronM vs Shell. It could turn ugly for PetronM this coming Oct-Dec earning cycle as MTA plant shutdown for 40days will cause it plant shutdown/idle, half revenue will be loss. Let see this coming Feb result to decide.

PetronM climb up high is good to Shell. It make Shell even more undervalued, great opportunity to buy more. Now both Petdag and PetronM up high, left Shell. This Oct to Dec, both Petdag and PetronM on MTA plant shutdown maintenance for 40days, I believe Shell will benefit the most. Someone trying to scare off small retailer by parking lot to sell. If Shell Q4 EPS result out ard 50cents+, it will be star to touch 10.00 easily.

For those play timing, do consider properly. I believe max it can drop to 12.50 level, but the upside is huge. Now we all assume Topglove forward PE 20, TP 16.00. But how about if by next Q2'16, it EPS 22 cents, up 2 cents+ (conservative), then it will be 17.50. It on uptrend, if PE revised to 25, then easily it can go way above 20.00. Do the math, don't time small money, then u lose big gain in coming weeks. Happy investing.

Topglove drop is opportunity to buyback, if drop to 13.00 can buy.
one thing to let u all upfront, today is T+3 days after Tuesday result out, those small clients no money to pick up is selling today, final day. Doesn't mean it biz is affected, just profit taking. Golden opportunity, Buy when they sell :)

Wait patience, once stable, big fund will go in and buy back

My target is RM38-RM40m for this Qtr result, exceed market expectation. All based on Iphone6 & 6+ sales order volume, already proven & reflect on Apple & Avago Qtr results.

That's how analyst investment house play the games. Good time PE >20 consider cheap, but when shale oil volume increase, downgrade to PE to 7x ~10x. Anyhow, Alam PE <8 for now already very low, somemore below it instrinic value. Any further to go down? Maybe, for short period if no international news to cut production. But ask yourself, if O&G market sentiment so bad, forecast to further drop... why outside there still Buyer accumulate share now?

Remember, fund manager accumulate/buy more share when bad market sentiment, then sell when market uptrend - Buy Low, Sell High! Just that we (retailer) investors practise BUY HIGH, SELL LOW unnoticed - fear of losing money, cause making bad decision. Always chase the upside.. that why we cannot make big money in share market in long term.

Key message: Holding power, be patience & constant monitor business fundamental!

P/S: Majority O&G cost breakeven is $80 ~ $75/barrel. Crude oil price cannot drop too much, it will be rebound at some point. If not, who will drill for oil then if keep on losing money - same to US shale oil companies. Eventually, supply will diminished, then demand vs supply will rise. Dont forget, demand still on upside now, just that US shale oil production up higher vs before only.

Yes, market sentiment is bad for O&G for now temporary, but that pose an oppurtunity to accumulate more. Market flunctuation is very normal in share market. No one in this world can predict accurately based on timing (even Warren Buffet cant do so). Timing just purely just on luck, only long term investment will make recurring money. Most importantly, treat share price as your own business investment (practise BFMV concepts), then you make multi-baggar income in long term.

It doesnt matter if this week or next week will drop to 0.60 or not, evaluate based on biz fundamental, financial/cash flow strength, management transparency as well as company value. Share price drop is just a paper loss, not permanent loss as long as biz intact. Macro swing & fluctuation is just short term. Treat market fluctuation as your friend instead of enemy... Dont forget big Tabung Haji & HongLeong shareholder hold more shares than us, our paper loss is just a peanut compare to them. O&G will rebound if there is good news arise (ex: US shale oil drop, OPEC cut production, China buyback, etc). Be patient and keep on research.

Oil price rebound Friday to $76.00+ (up 2.38%), futures crude oil front months fell slightly less than the back months. That's a "very unusual circumstance", normally if macro sector is going bad, it will be a huge gap difference but this case is not. Good sign build up, signalling OPEC going to cut production output sooner as supply glut is affecting price, otherwise price will drop, eventually OPEC still have to cut at one point. 2nd factor, China take this dip to buy more oil.

I dont said this is a reverse cycle, but it good to know where is the bottom point. Anyhow, Alam is not a oil producer, it just a service provider.. come on.. where on earth a company business (financially) with growth next 2-3yrs can drop >50% (below it's company instrinic value) in last 3mths, sound not possible rite? Except going bankrap or fraud, otherwise I wonder why tell people to cutloss? Hidden agenda?

Anyhow it's up to individual decision. Invest smartly and know what you are doing!!

Be patience, Buy on dip! It current NTA is 0.87, well below 0.825 price. Debt/cash ratio = 0.89, cash flow RM318M. With current Q2'14 net profit result of RM21.4M, within <3years all its debts is clear. Current price below is intrinstic value. For oil service provider, this is super cheap & undervalued, forward PE < 8.0 for now. Unless this co is so bad, going bankrap soon, otherwise then it's a different story. Other than that, I dont know why people so freak up. Dont let big fund cheat you, panic selling & give fund mgr eat your hard-earned money.

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I believe people are over react to crude oil price fluctuation. Alam does not direct affect to crude oil price, more projects are secured, revenue 2x vs before, more contracts from big oil co. Petronas, ExxonMobil, etc.. Biz is intact with Pangerang & RAPID project on track. I predict this Q3'14 result within 0.03 cents. Let see!

Top 5 reasons why Supermx shd buy on dip! (1) USD/MYR up from RM3.18(Q3'14) to RM3.345, (2) Price on both raw materials (rubber latex & nitrile) dropped (3) QoQ result improved 4% (4) lowest PE<13 among all glove maker even it production had not ramp up. (5) Over production supply is over excerbated, ASP price margin drop abit (~2%), still intact. My rough prediction TP (Q4'14) = >0.045. TP = ~RM3.00. Let's see in next Feb'15 Qtr report. :)

if u been follow for day 1, do some research and u will know Kossan can shoot up to RM5+ by end of this year.

No doubt Brahmal is great in spotting good undervalued company. But no point to rush and sell this IFCA MSC, looking forward GST + China boost will make this IFCA shoot up high by end of 2014 and 2015 once GST start on April 2015. More small & big developer, raw supplier & sub-contractor will heavily depend for GST service before end of this year.

just my 2cents, better to be safe then sorry. Dont be over confidence (Warren Buffet style), even through I have Scicom share and it company fundamental is good, do be careful for a small cap PE>18, it earning is not sustainable vs its share price growth. We yet to see any significant growth story on Scicom, just be becareful of operator play up the shares even CEO bought at 1.38.

Good news to share, Wall Street US top analysts raise Avago TP = USD$100 due to outstanding business growth. Well you all decide then how Inari will perform in year 2014/15 since huge potential upside volume sales this coming Apple Iphone 6 & Xiaomi Mi4. Look for growth sustainable business...

A swarm of Wall Street analysts raised their price targets for Avago Technologies’ stock, which surged to record highs following yet another better-than-expected profit report.

Shares of the maker of chips used in mobile phones AVGO, +7.50% which lists Apple Inc. AAPL, +0.24% as a key customer, jumped nearly 8% in morning trade Friday, and were up as much as 11% at an all-time intraday high of $84.80 earlier in the session.

The stock has soared 56% so far this year, which puts it in the top 10 for year-to-date performers among S&P 500 components. In comparison, the S&P 500 has gained 8.1% in 2014.

No less than 10 sell-side analysts pushed up their price targets on Friday, according to data provided by FactSet.

Analyst Vijay Rakesh at Sterne Agee now has among the highest targets on the Street at $100, up from $93. “We believe strong [free cash flow], continued operating leverage into 2015, and strong product cycles position AVGO as one of the names to own,” Rakesh wrote in a note to clients.

J.P Morgan’s Harlan Sur said he raised his price target to $87 from $61. He said the company’s wireless communications business its expected to show significant sales growth in the current quarter “from a pickup in the Apple supply chain and upcoming iPhone 6 launch.”

RBC Capital Markets analyst Doug Freedman, who raised his price target to $99 from $87, saying that Avago’s “best-in-class” FBAR -- film bulk acoustic resonator -- filters, which help smartphones operate on different frequency bands, allow it to be “a supplier of choice” for Apple.

Avago , which has a market capitalization of $19.2 billion, said in its fiscal 2013 annual report that Apple accounted for more than 10% of total sales.

Late Thursday, the company reported fiscal third-quarter adjusted earnings that rose 70% from a year ago to $1.26 a share, well above the average analyst estimate compiled by FactSet of $1.05 a share. The company’s last 10 quarterly reports have beaten profit forecasts.

Meanwhile, sales rose 81% to $1.27 billion, but fell short of analyst forecasts of $1.33 billion.

Just to share my self-study and research. Invest at your own judgement and risk.
If u observed the seller pattern, most of them are just small potatoes (very short speculator, play contra who aim for Qtr result). If look toward it earning Qtr result eps 6.23, assume zero capacity expansion for next 2 quarter. With very conservative expect TP = RM3.80, it's 6.23 X 4Qtr = 24.92 (PE=15.2) only. Current Inari utilization is 88% (PEG = <0.7), and with new purchase ex-plant Marvell (expected to be fully production run in next 3-4 mths, it will use to capitalize for Apple volume demand).

Look into Apple Iphone6 upside demand swing, there is a huge demand from China market (increase +45% - from past Iphone 5C,5S: 50-55Milion vs projected new Iphone 6: 70-80Milion). Imagine the huge potential Avago direct improve Inari business in overall. Even with US tapering occur (if it does), it will not affect much. All count down based on business fundamental and growth story of company.

Fyi, Avago has all the main 5 keys customers (Samsung, Apple, Lenovo, Hua Wei, Xiaomi), which direct proxy to Inari in overall busines growth. Any of the handset customer expand no matter China telco eat Western business, net-net it still beneficial to Avago, proxy to Inari as well.

very impressive, some more give 1.8cent divident. With huge potential smart phone market in year 2014 with all Iphone 6 & Xiaomi Mi4 volume rise, rest assure Avago future prospect in short, med, long term growth will be awesome. Avago good = Inari good!

http://www.thestar.com.my/Business/Investing/2014/08/18/Affin-maintains-Buy-on-Inari/

trust me, this Qtr result will be drop jaw. The greatest earning we ever see before. EPS >6.5cents.

That true. It's was predicted that this Q1'14 drop due to One-off corporate exercise expenses occured and funding cost of acquisition IESB. That's why Brahmal accumulate more at 60-64c. If look on it revenue, it up 25% vs Q4'13 with constant government payout of RM60M till Sep 2015 for training course. If Monday drop, I will buy more :)

Ta Ann is undervalued at 13.5x Q1'14 PER compared to the average mid-cap plantation companies valuation of 16x. It's Q1'14 vs Q1'13 - YoY is 600% up with 10cents divident. It is a laggard counter among planters with recent plantation stock mini-rally, can start to accumulate, Target price RM6.00+

Quick Financial difference Q1'14 vs Q1'13:
- My 2cents summary: Even through EPS Q1'14 vs Q1'13 increase to 543% ratio (exclude one-time discontinue operation earn RM 339M), Net Profit margin is still very low vs revenue generated, with high PE ratio = 36.9 vs other same palm oil industry market.

Quarterly ($M)
(FYE Dec) 1Q14 1Q13 % YoY Remark
Revenue 830 715 16.08%
PBT 91 33 175.76%
Net Profit 38 6 533.33% exclude discontinue operation earn
$339M (one time deal)
EPS 2.96 0.46 543.48% exclude discontinue operation earn
$339M (one time deal)

Operational:
Prod FFB (mt) 177,399 159,059 11.53%
CPO (mt) 59,964 51,545 16.33%
Total FFB 287,569 253091 13.62%
processed (mt)
OER (%) 20.85 20.37 2.36%

Sales
CPO (t) 2,585 2,475 4.44%
PK 1,756 1,184 48.31%

Plantation - NBPOL
Combine FFB 618,880 556,990 10.30%
nucleus (mt)
CPO 137,031 121,758 12.50%
OER (%) 22.1 21.70% 2.03%

This SHH up is NOT organic co. growth biz. It's net cash flow RM 2Million gain from factory disposal.pls be caution, this shoot up 7.52 cents eps is ONE time deal, not sustainable i believe

Scicom CEO buy more share at 0.993 for 410,700 share more, there is a supportive price level there.. i believe. shd be some big business annoucement coming soon. Can start accumulate guy

My 2cents to ponder, I'm not sure if someone investigate onto it gross/profit margin fundamental. Quite risky for a company like this to hold long term. Even it has no borrowing, but for the last 3 Qtrs consecutive this ECS get ~3% gross margin from it revenue. it required every Qtr ~RM360M revenue, gross profit RM13M only. That way too low for a company to sustain. If there is a correction or business revenue not sustainable, the profit will direct impact, highly stock will go down the drain.

To share further on my research:
Scicom profit is on projection gain, Q-o-Q result improve with 18 projects pipeline down paths. Besides the low PE and good dividend yield. Their prospects are great. Currently they are handling strong blue chip company: Airasia, Singtel, Petronas, PT telkom, GE money, Tune Money, NOkia, Ladsbroke, Mc Donald etc with good BPO award recognition beside Zero debts and good cash flow +ve RM14mil+, ROE ~25% return.

http://www.thestar.com.my/Business/Business-News/2013/09/21/Scicom-in-it-for-the-long-haul-Company-opts-for-diversified-services/

today already break RM1.10, aim toward TP=1.20, cost mgmt is efficient, potential another MyEg counter?

Today share price tell the story..

To list a few: Low PE = 12, high divident payout ratio >50%, Zero debt, get more Government project & training, high potential growth company. CEO bought RM3m+ shares recently in end Mar (accumulate 21%+) on Bursa annoucement, research more if want to justify worth buy or not. Expected Q1'14 EPS = >2cent+, TP = RM1.20