utdpln not relying solely for its upstream business but its downstream esp unitata and unifuji . coming growth cataylists
would be its PINHILL ESTATES AND UNIFUJI.

q4 in its annual report

dksh now not just a trading but combination of both manufacturing com(with reputable brand )and trading taiko in malaysia and singapore. so, it depends on how much pe u willing to give. If its transportation segment can back to precovid level , im looking eps more than 10 sen per q in fy21.

the price now is fair. Q3 FY20 31M VS Q3 FY18 34M. remember dksh 2018 price is more than rm4. dksh using loan to acquire auric but not cash so it cant reflected to its group earning immediately (buying at high primuim for a market leader and growth com is a long term strategy ). this q its marketing and distribution segment drag down a bit compare to previous q due to hygiene costs, lets see in next q.

big catalyst first, superb low naptha price compare to ethane. second lctitan major revenue from pe and pp. third sinopec major statutory plants maintenance in Q2, pp export to china will surge within the period (q1 down about 300m)as china is a largest mask and ppe exporter in the world .forth inventories reversal and many of tax credits. if u look for the sector recovery, u shold look for its associate lc USA AT CHARLES LAKE more than 20b investment(start operational) and coming 30b investments in indonesia( all r ethane cracker ,line projects)and its more than 50b assets in malaysia .

not only lctitan can take advantage of the low feed stocks price but the competitiveness against its local peer pchem. when crude oil is very low naptha base cracker have advantage over ethane cracker that is derived from natural gas. back to 2009, the average price relationship between natural gas and crude oil was around 10 to 1. 10 mmbtus to 1 barrel of crude oil.after so many years, the ratio 10 to was back!!!

option 4 , company give back its treasury shares as a reward to its royal shareholders .

what i concern is the long term prospect of kps what's done by kps in the transformation plan in the next two years why bother ever day up and down of the share prices

my special dividend from splah oredi reinvest in kps.thanks for the sellers give me a good chance to buy in

im eager to see what next assets to be sold and what companies kps will buy after toyoplus.manufacturing assets is oredi more than of its kps market value plus so many cash in now judge urself don't bother big fish playing in the market now they can't manipulate kps share in the long term when its true value emerge

anticipated equity value of sprint is rm870m*20% is rm174m
so the carrying value of kps investment in sprint in 2018 is rm 44m
so gain from disposal in sprint will 131m or 24sen
maybe will be incurred in next few quarter
so after sprint sales kps market price rm 1.05-0.32=73en
judge ur self
to remind u kps got another two prime land in kl to sold i think value far more than sprint

pulau indah under STATE OF selangor who will own and run the free trade zone? KDEB?MAYBE OTHER PEOPLE CAN TELL THE STORY

1mdb want to sell landbank in pulau indah for 400m this landbank suppose to be developed as a free trade zone kps through kps-hcm got infrastructure works in pulau indah from kdeb. so who will buy the landbank from 1mbd?

i really hope the bankers press down the price until the special dividend received on 28/05/2019 then we as a ikanbilis must know what we should do (reinvest?)or knocked out by bankers

actually toyoplus business is injection plastic(like do casing for modem, router,tv ,pc for ems companies)and mould engineering(metal part for oil and gas)their factories in shanghai and shenzen in china(first tier city)johor and jawa barat so their production using automation a lot only using human in design and assembly.this is synergy to cpi business in penang they also do for vacuum for dyson like what vs do. my friends ask me whether toyoplus do plastic tupperware like apple ladies laguh die me

kps only use 150m cash to buy toyoplus the rest will be from borrowing if the pat 36m in 2018 as a benchmark then we deduct 5m acquisition fee (one off)1.6m amortisation and 8m interest yearly its about 26m left 36m out of 311m invested 11% ROI not bad can easily cover 5.3% borrowing cost.kps still sit with huge cash pile and aim for next target if they need money kps can dispose their non core business like sprint highway and two valuable landbank in central heart of kl i think can cash out 500m easily. u see the court case almost finish i think they will dispose it(hotel and freehold land)this is what i can disclose a bit

2019 pick
kps 20%
penta 20%
elsoft 20%
mi equipment 20%
petron 10%
lctitan 10%

i just adjust my bonus issue and dividend so my ranking should be within 20 in 2018 contest can i participate 2019 contest

my forecast for kps 2019

manufacturing seg 50m
trading 12m
licensing 8m
i & u sprint -1m
kpshcm&
smartpipe ?
mira gas 12m
investment holding ? dividend received from subsidiary
propperty court case & new rental from kl hotel
finance cost almost 40m per year
total debt 581216 - 6.8% financing
121m/537385 share

eps 22sen
nta2.08 2 landed property and menara kps not been revalued since acquacition date
the future eps will depend how the manaement utilize their money from splash sale actually good job done by the management so far
**this is just my forecast only !!

i agree with jjchan because seems he know the future of the company

intangible assets incurred when kps bought a company higher than nta of the com itself(ex cpi ). who want to sell the good company to u if u did not pay higher premium to them. pls forget the past and try very hard yourself to capture the future value of the company

pls don't underestimate goodwill u can see how kingkoil collect the royalty from around the world kps bought kingkoil because of its brand sometimes brand itself is far more valuable than cash. i prefer to choose cola-cola(brand)than the cash inside the cola-cola com.

ok thanks

aemulus bonus issue 4 foc 1
kps bonus 14 foc 1
elsoft bonus and share split

many investors focus sam's aerospace business but i noticed their hdd business is performing very well. dufu released very excellent quarter results how about sam?

i think the recent sell down is due to the impairment loss will be incur as a result of selling splash.although splash is a golden egg but this is only accounting profit(associate)and didn't contribute significent cash flow to kps.what i prefer(same like recent strategy of the management) is buying a full control of a company(at least subsidiary) or using money from splash to participate in selangor or even federal gov tender in the future!!!! kps is not a corrupted glc com(coz they start from opposition party)if their management is not good then us distributor(kingkoil manufactuirng) and china honda packaging com(cendbond)mira gas(oman partner) will not partner with kps . with the recent expansion plan especially in cendbond,cpi and kingkoil manufacturing i have a high hope with kps will become the glc star performer com in the future. let's wait and see.glc com usually like to get contract(monopoly one no competiter)but i like kps doing open competition business, fight with the world not become jaguh kampung (protected by somebody)then malaysia will only recognize by the world.

kps start to generate 7.2m operating profit this quarter. don't look past year financial statement coz cpi,kingkoil manufacturing and kps-hcm only start to contribute this quarter. then interest expense(this quarter 9m)can be saved when cash received from splash sale.we must look beyond if we want to win big in bursa don't look backward.

contract value almost double compare to 98m two years ago
next year onward kps-hcm and smart pipe will upset many shareholders beside their manufacturing segment.

today kps announced established kps capital anyone know what is the next move for kps after selling the splash. maybe kps want to venture in the finance sector. sure kps will acquire more assets

actually kps through kaisercorp(60% 33m us dollar in 2015) only do licensing business with 63 distributors in the world. they just receive royalty but in 2017 through kingkoil manufacturing tied up with us distributor manufacture kingkoil products in arizona us.from latest quarterly results kingkoil manufacturing contribute 16.5m sales in just one month so i foresee kingkoil manufacturing will overtake cpi and cendbon in term of sales in the manufacturing segment they also want to built one more factory the east us by next year. last time i also doubt why kps spend 33 m us dollar to acquired 60 %kaisercorp(no assets but all is qoodwill) but contribute so little profit. now i realize that now they can produce and sell their kingkoil products around the world.

i buy kps not because of asset sales(splash)and hope for special dividend but the future prospect of the com. l always avoid glc but i like kps.usually glc like monopoly bus and don't like open competition. last time i'm amazed by the com sold their golf club and properties and involved into manufacturing business.

pbt from other business(excluding plash)might more than 1m coz there is a one time exp(non recurring)incurred when they acquired cpi. u go and see note to an account no.7 investment holding recorded revenue of RM
2.2million as compared to RM15.1million in the corresponding quarter 2017, mainly from dividend received during the corresponding period
. Consequently, this sector recorded a loss before tax and zakat of RM
15.8million as compared to a profit before tax of RM2.9 million in the corresponding quarter 2017 coupled with the finance cost incurred
in the current quarter in financing CPI acquisition. manufacturing sector oredi contribute more than 11m this quarter,some small losses in ceres tele,sprint toll, property invest, maybe some write off for leo hostibility(rent out).
kps Group’s core businesses continued to improve its financial performance, reporting RM7.2 million operating profit(excluding associate) in 2Q18 from RM0.8 million operating loss a year ago. so my calculation will be 7.2m+ 9m saved interest from splash sale= 16m per quarter

state gov will be clear winner of this takeover air selangor fork out 1.9b cash not only fully controlled over splash but settled 4.2b owing by syabas to splash.both kps and gamuda will do impairment loss from investment in splash coz selling below 28% of book value m i right? let's see whether shareholders of splash will acept the offer

selling below 28% book value of splash, the deal will pass at eqm especially for gamuda which is controlled by glc? if u look at last year kps annual report, the management mentioned they will not sell splash below thier investment value.(book value)

Pengambilalihan ini juga akan menyelesaikan hutang tertunggak yang ditanggung oleh anak syarikat Air Selangor iaitu Syabas kepada Splash untuk pembelian air terawat yang telah mencecah sebanyak RM4.7 bilion setakat 30 Jun 2018. source astro awani

4.7 billion syabas owing to splash did splash made any provision before?

balance 10% allocate for elfsoft

lctitan 10%
latitud 10%
dayang 10%
sam 20%
aemulus 30%
kps 10%

If u check Semarang Asian prosperity fund 2015 report this fund bought Padini and sceintex.too More than 50% fund allocated in Japan and more 30%in Vietnam only 5% in Malaysia achieved 23%annual return yearly

I attended the agm on last Thursday mr Jeffery Goh CEO of the company said new factory( produce beam ) start operation which four machine installed four more machine will be installed by the end of the year this will occupied the 2/3 of new fax space. 700 to 800 million turnover is reasonable figure when their new factory fully operate by next year according to management team

Yes

last time i predicted latitud annual turnover rm 800m and 12% net pmargin but obviously latitud spend the money for upstream activities(takeover and build up laminated woods processing com)to increase the com profit margin rather than push up thier production capibility to increase sales.latitud also build up new r & d centre and latest technology production line in vietnam for high margin products. good job done latitud.

mr tan
my stock pick for 2017

msc 20%
sam 30%
latitud 20%
elsoft 15%
jcbnext 15%

when i bought latitud since august 2013 the company just transforming from net debt 2 net cash company. within 2 and half years latitud manage 2 accumulate more than 110million net cash or net cash 120sen per share. maybe somebody will blame the com by giving peanut dividend but if you look at the company merger and acquacition activities within these 2 years(two major), u will know the com is a growth stock why bother dividend. i just concern eps from 25sen 2 93sen, roe from below 10% 2 around 20%(the company can use their cash reserve expand their business without borrowing from bank). let us see 2 years later how far latitud can go, this is the only malaysia furniture stock running thier business in malaysia, vietnam and thailand.

hmm, maybe ntpboon will come out with a poem later

aiya,nowaday, investor are request so much
want more profit every quarter, more more dividen,but low low p/e
like tesco new year song peng leng cheng chiang tong chiang

with all of the voices asking i3 member 2 sell, this is the time 2 buy.
i manage 2 top up few lots 2 day and will definitely sapu more heavily in coming days if latitud continue diving.

aiyaya, hope somebody else in 13 forum can understand what i mean. i stop here, anyway thanks sc for ur advice.
i still have faith in latitud can become market leader in furniture sec in klse.

sc, ur sentences
They are selling due to poorer performance and lower revenue registered in USD term (drop in sales) even though latitud reported an increase in EPS(due to weakening of RM).
29/02/2016 18:51
ok by theory weakening of rm should be increase in sales and profit(eps) right. but now the case is sales drop but gross profit increase so much.
so there is a conflict in ur statements.
my england r not good, i'm not a master/phd holder or an accountant but i have logic sense in my mind. sorry if my words offence u.

as i said before and in the qr, sales in term of usd drop 10% but in term of gp, there is an improvement.forex factor is an external factor that hardly control by management. what i try 2 mention here we should look at the company effort 2 increase productivity and effiency.