nice video

yeah. thanks mr kcchongz. bought a little only due to limited resources. Heart pain to see it soar so high. haha

EPS increase by 12 sen?

Mr Kcchongz,

About KFIMA, any worries about it giving 52% of its earning to the minority interest?

What is biological expenses in the cash flow? why it has been so high every year

Sounds like Prison Break. All important ppl assassinated

One road go North

The price has rebounded from lows of 1.50 level since the highest 1.92 last october. Price dropping? nope. Directors has been buying. Price sustainable from 1.7 level until now 1.8 level.

All above EMA 250. Gap up. Good fundamental. Time is money. Wait only to retest previous high 1.92

i tak sempat q rm1. lol now fly already

I am not sure but in last report since they sold the asset in china it seems that the management has promised to pay 6 sen div each year until 2015 when they are paid for the sale.

dividend 1.5 sen confirmed. when declare only. I also waiting

Small cap stock fairly valued at PE of 5.3?
Example
A small company has earning power of 22 sen a year. Traded at Rm1.3
A big company has earning power of 18 sen. Traded at Rm1.52

Which one would you buy?

Fully understood. Thanks Mr Kcchongz

Mr Kcchongz,

May I know how u decide whether the company has certain moat in the market? Whether is it profit margin of 15% or more?

Net Profit Margin 7&
ROIC 40%
ROE 20%
EV/ebit 3.79
EV/ebit = 7 TP=RM2.16

Potential rise RM1.00

Oic. So tempted to buy it. Seems ridiculously cheap but share price no movement.

Mr Kcchongz,

Would you comment on CAP?
The stock has negative enterprise value and no borrowings.

FCF ridiculously high.

Assuming the FCF grows at 3% (g) forever in accordance to rate of inflation. Discount rate (r) as before at 10%

FCF 39485

PV FCF 580993.57
Add cash 210456
No borrowings, no minority interest.
No of shares: 600000
FCF per share rm1.31

Current share price RM0.285

Maybe someone blocking to prevent uptrend for accumulation purpose.

Always 200K volume 11 ppl, blocking 1.74 and 1.75 same day. Anyone knows why?

still got 2 sen div coming somemore

i follow u tambah sephi. waiting =)

thanks mr kcchongz. fully understood. But some company balance sheet states minority interest as negative. How to derive FCF for minority interest from that?

Mr Kcchongz,

Can you elaborate how to get the figure for minority interest of 187871?

Noted. Great to learn from you. Thanks once again.

Have you had a look at Liihen? is there any problem with the company balance sheet? Ev/ebit around 3.7 div yield 7% and yet nobody dare to buy that company. Is it the investors still haunted by the history in 2004 that the directors con the money of investors?

Mr kcchongz would you state why normalized ebit is used in cyclical business and state how is it done in evaluation? any examples?

Still uncertain whether Ulicorp will get the project or not. But for sure for time being, selling at ev/ebit of 3 is very undervalued for now. ev/ebit at 7 will give tp of 2.2 at least. Sephi let us quietly accumulate first.

Would the stock of ev/ebit more than 7 worth investing?
Example:Dsonic has about ev/ebit of 25 already at its current price and yet price still going up non stop. I am puzzled at the moment.

He has earned lots of money. Give him some applause.

A breakthrough of 1.75 indicates bullish sign on the stock. staying around 1.7 level is good.

Thanks Mr Kcchongz. I will consider to add in more during downfall for Ulicorp.

Mr Kcchongz,

Would you consider ULICORP undervalued?

Net PM 11%, ROIC 21%
EV/Ebit of 3.2 only.
Net cash company.
Please advise

would you share why you bought MFCB?

what is the dividend policy for LBS?

Admire your effort to educate and help others. Please inform us when you will have seminar in KL. I would like to attend.

Mr OTB any comments on your previous pick of LBS? has it started a new wave?

EPS is 13 sen per share. the report is denominated in RM instead of sen. Cash increased tremendously. Don't know why no DIV

why no DIV

Done some projection on this one.
Revenue 153000
Total asset 229531
share capital 66000
share outstanding 132000
Market cap 137280
net income 17000
Div payout 2970
EPS 14 sen
total liability 39279
Cash 51333
Stock 48243
Ebit 24000
Net Profit Margin 11.11%
ROIC 21%
ROE 9%
EV 76983
EV/EBIT= 3.2

TP = 2.59

Got special div? up 6 sen liao =)

what is the dividend policy for insas?

Cash decreased and debt increased. ev/ebit 6.9 fair value = 0.20 sen

holding wb will entitle for the share dividend or not?

Thanks Mr Kcchongz. Fully understood.

in the annual report, strengthening of USD by 5% will increase the profit by 400000 something value.

Dear Mr Kcchongz,

How would you evaluate companies like Kossan, Hupseng Topgloves etc as their present EV/Ebit value is more than 7. Which method or (EV/Ebit value of 15 or 20) would you use to determine their fair value at the moment?

net income 36745. Dividend paid 39600. did hup seng just gave all of its income to the shareholders?

quarterly report will be out in few days time =)

Many lands bought in 2002 and so. If they did an non current asset reevaluation, the potential of land gain is unimaginable.

no wonder directors keep buying from open market.