canone actually is very undervalued

teoseng is more on b2b and less on b2c, that is why you hardly see teoseng eggs on hypermarkets.

karex problem is they dont have a great logistic manager and they are inexperience on distribution. they cant distribute their product efficiency.
1 condom is only cost 3sen. the main cost for a condom to sell to a consumer is the distribution cost not the manufacturing cost. karex was oem, they only know how to control manufacturing cost but not distribution cost. condom is cheap to make but costly to distribute. goh is too simple too naive.
goh should learn from how taiwanese manage to make huge profit from nails nuts bolts all this kind of product cheap to make and costly to distribute.

VS bought RM60m for 251 451 shares, and Ozner want to buy RM296.82m for 641 201. which mean VS bought RM238.62 per share and Ozner offer RM462.91. almost double the price. 1 year get 94% return. VS made a good deal.

didi2005 was right

its still overvalued unless century get a good deal on the courier company acquisition.
like i said it wasnt that easy to get into courier market, otherwise century doesnt even need to look for acquire courier company. here is bolehland not china. you cant expect to duplicate the model.

and lose 7% capital after the ex date?

last year i already warn about tender market sale drop is serious problem and no one believed. time proved i was right.

century will start their parcel delivery when 2nd half of 2017. they plan to use 1/3 of the new multilevel warehouse.(only 1/3 of the space, if ecommerce so good why only 1/3?).
at least 2 more quarters we wont see the benefit of parcel delivery in the report as they never start yet. now they dont even start the parcel delivery yet and the share price already shot up. people are "sugar rush" about logistic company.
they said they prepare to burn money for 2 years for the parcel delivery. (ps. tiong nam also says their parcel delivery will fruited when 2019), obviously parcel delivery seem to need about 2 years time to built up the economic of scale.
the parcel delivery new comers are excited but not so optimistic about the market. and now people give high pe for parcel delivery, outsider are more excited than insider. seem funny to me.
like ysl888 said buy sell hold at your own decision.

people just dont believe century is overvalued at current stage.

orange isnt as sour as lemon. either orange isnt sourness enough or lemon is too sourness. difference people difference opinion.

lets say 20% growth, assume parcel delivery market and ecommerce correction is 1. in 2020 parcel delivery market is about RM1.9bil. and if century got 5% market share, its about RM100mil, profit is about RM10mil only. that is like 50% of current profit. in 2020 the profit may increase about 50% but in 2017 share price already increased 30%. people are overexcited about ecommerce.

for sure no one stop you buying century. share price wont drop much but will it rise a lot? dont forget to calculate your opportunity cost. you buy at your own risk.

i like how people think china can do it, malaysia boleh also.
almost a decade ago people says jb will be second shenzhen, and now jb still jb but with a nicer name iskandar
china market and malaysia market are difference. china big cities all are high density city and malaysia bandar is low density. china have dozen of kl-like city and malaysia only one kl. jb and penang not even close.
i said economy condition is only for the current business. i dont think consumer spending will dramatically increase in this 2 years. century tradition delivery wont growth dramatically and century will benefit from parcel delivery very limited.

cj spent 1.45 is what century worth for them, not minor shareholder. people still dont understand anchoring effect. as long as in 7 years time century hit 1.45(assume interest remain the same), cj is making "profit" as interest saving. but for minority it is like 20% capital appreciation in 7 years. for sure century very possible can hit 1.45 in 7 years. it was a good deal for cj to buy 1.45, but really a good deal for minority to buy 1.2 now??

i never say they made wrong decision. RM1.45 is anchoring effect.
my point is ecommerce hardly benefit to century in mid-short term. if the economy condition remain the same, share price now is overvalued.

korean investor?? they are not investor, they buy for expedition in malaysia market, if start up a company in malaysia could cost them more than 170mil. so they buy instead of start a new one. for them it was cost saving not profit making decision. they already says parcel delivery is money burning game, maybe burn 2-4 years. bought century could shorter the money burning time.
In a long term century will worth more than 568mil. but when?

30mil population in 330k km2. without sarawak and sabah that is 25mil population in 130k km2. it is very low density. the parcel delivery dont have enough economy of scale.

parcel delivery market worth about RM1.1bil. profit margin about 10-15%. that is about 110mil profit.

century will start parcel delivery in 2h17, if century got 1% market share in d end of 2017, its only RM5mil market sharet. profit about RM500k or less, as profit margin may less than 10% as high initial cost.

share price increased more than 35%. century is overvalued.

can you elaborate more, please. thank you

how you guys get 46sen? isnt it ipo is 400million so 40sen per share? with 92% in trust it is like 36.8sen.

when the multilevel warehouse completed and start operating?

is yeelee get all the ribena distribution rights?
i find out there are a few manufacturers produce ribena drinks, aluminum canned ribena is manufactured by suntory b&f malaysia sdn bhd, plastic bottled ribena is manufactured by cocoaland industry sdn bhd, plastic bagged ribena is manufactured by leveflex (philippines company), glass bottled ribena is manufactured by MDD beverage Sdn Bhd.

i wonder to know is yeelee get all distribution rights or just the aluminum canned drink distribution rights as only the aluminum canned ribena is manufactured under suntory


ps. the aluminum can is made by kjcf.

if tmr drop, its time to accumulate.

greed when people fear

are you all talk about the same person or you all are the same person?

they should export to canada
https://youtu.be/OS78TNJy_cY?t=97

http://www.enanyang.my/news/20160804/%E7%A6%8F%E5%B8%83%E6%96%AF%E4%BA%9A%E6%B4%B2%E5%85%AC%E5%B8%83200%E5%BC%BA%E4%BC%81%E4%B8%9Abr-%E5%A4%A7%E9%A9%AC5%E5%85%AC%E5%8F%B8%E4%B8%8A%E6%A6%9C/

lmao.. people think olympics is good for karex

all factors are still the same, no reason for karex to up.

http://www.orientaldaily.com.my/international/g02durex

profit margin of 30% is useless when sale drop

my chinese not so good, pls comfirm is below statement correct?
1) 66,446,085 no of share and RM115,000,000 market capital
2) RM60,000,000 cash
3) received 2% of RM140,000,000 sale of land, cost about RM37,000,000, 2nd half of 2016 will complete the transaction
4) after land sold, cash is about RM200,000,000-RM300,000,000, highly possible pay dividend
5) 18/4 signed agreement with puncak niaga. cash will increased to RM3.5-RM4.5

【利好】
1）公司股票数量少，只有66，446，085股，市值仅1.15亿。容易炒高！
2）公司有60千多万现金
3）公司去年9月收了2%的订金以RM140m的高价卖了一片成本仅RM37m的土地。大约可在下半年完成，每股可净赚RM1块以上！
4）卖地以后，公司现金将成长到RM2亿或每股RM3,很有可能开始派息或大额资本回退。
5）今年4月18日与Puncak Niaga签了售卖生意意向书，如果成功，每股现金将增加到RM3.5-RM4.5之间!

base on above statement current cash is about RM0.90 per share. the land is about 2.11 per share, after land selling cash is rm3.00?? am i right?

http://www.channel8news.sg/news8/latestnews/20160607-wld-jb-theme/2852826.html?cid=ch8news-fb

i read tender sales decrease on qr and you says not disclose. are we reading the same report?
but whatever la, buy and sell at your own risk.

long term investor doesnt know how to read report?? if the loss coz by foreign exchange its ok for you not to worry. but report says sales drop. if another upcoming report sales drop again mean karex isnt growing. u expect karex grow so price will rise but now not growing (1q stop growing is acceptable). and you still think its good. very optimistic otherwise stupid. i was expect foreign exchange loss and cost increase.but report shows foreign exchange loss and cost increase and sales drop. if you read carefully you will realise its tender sales drop, tender sales mean the ngo government etc reduce order. this is very serious problem. people still cant see the seriousness of the problem.

@johny khong page 11 b2 read carefully.

@johny khong, for sure long term investors dont worry abt price fluctuation. but i wonder will long term investors worry abt fundamental change? such as latex price rising, strengthener ringgit, bad global economy etc. i was thinking buy after the report but after read the report i think i will pass this counter, unless something special happen. im quite pessimistic for karex. report showed much worse than i thought.
since we kinda chat before, i highly suggest u better review karex. im not asking you to sell, just kindly suggest u review karex. buy and sell at your own risk.

pe is price/earning per share. split will increase no of shares and dilute the eps and the price will change due to market correction. pe may or may not remain the same, depend on the market correction. but mostly about the same pe. correct me if i wrong :)

if you use automatic app/website to get the pe then pe will decrease. most of the free apps/websites have this issue. i dont know the real reason behind it but i think its the delay info update or apps/website cant do the unusual calculation. im not an IT man.

worse than my expectation. i expect drop about 20% but report drop more than 30%.
good luck to those long term investors on monday.

I never say sell. I just say karex coming qr is bad. not a good time to buy.

@johny khong buy and sell at your own risk la... just like obsidian he thinks good deal he buy loh. no point to talk only. i show your all the figure and u talk with mouth only. if you show me your figure i will believe. we are here is to discuss, so we know this is good stock or bad stock. but you just talk with mouth how i believe?? just like i said karex will worth 10sen only. no one will believe too. no figure back up.
like i said now is too late to sell and too early to tell good deal or not. unless new info come in.

i sold all my karex shares back to end of jan, about 4.40ish before the bonus issued. i think equivalent about 2.90ish now. at that time i already said karex is overvalued but i kena shoot by all the blinded supporters. (i do admit at that time im not 100% sure im right, i just thought im right). i think it proved i was right as now is 2.34, external factors turn bad, sure will impact company, just the matter of time.
i think karex is fair valued now, but why buy a good company at a fair price at a bad market. when market is bad, you should get a discounted price for a good company, not a fair price for a good company.
internal factors still good but people never realise the external factors already changed.
no point to buy or sell now, wait until report out, we will know should buy or sell. too late to sell and too early to tell is a good or bad buy for current price.

@johny khong what support your statement that coming qr is good?? most people speculate coming report is bad as the ringgit strengthened and latex price increased. who fools who?

fear and greed is hard to differentiate. when people are fear u greed?? arent u people also. how u know people are fear now?? all i can see is people still greedy to average down.(i could be wrong, this is only base on feeling)

each time after bonus issue, latex price was drop, then ringgit was weaken. that was the reason it rose. but this time is ringgit strengthen latex price rise

coming report is jan-mar, and going to be ugIy. oct-dec15 ringgit was 4.2x-4.4x. now ringgit only 4.0x. you expect jan-mar and apr-jun will performed/perform better?? karex is still a good company but external factors are unfavorable now.
latex price was rm3-rm4/kg. today is 4.93,this month is rm5-ish/kg. kinda stable there. a condom weight is less than 2grams. but remember condom is 100% latex. this years latex price is increased almost 50%. latex is about 20% of the manufacturing cost. so cost is increased 10%.
currency dropped about 10% and cost is increased about 10%, tell me why share price should go up.
i have not factor in the minimal wages yet. but i think not a big deal to karex, majority of the production is machinery.

yea.. .latex price and ringgit is stable now.

no specific detail on condom export. but i dont think so la. karex problem is latex price increase and ringgit strengthen. sales should be no problem. relax and wait it drop and buy cheap.

bank negara just announce export drop 0.5% in q1 2016

can"玩" or can“完”

goreng goreng up up

@kiasuinvestor i got 2 good researchers help me do the research, named "brother goo" and "mother du". i invest for living so i dont want my income on random people hand so i never follow the aunties or uncles. i have no related to karex at all.