HAPPY CNY PEOPLE...

HAPPY CNY PEOPLE...

HAPPY CNY ppl

Based on average TP of 1.42, u have >42% and if based on CIMB's TP, it's more than 60% upside.

Good fundamental stocks well supported by institutions...can't go wrong on this...but must hold la...

HLIB today 8 Feb 2013

Perisai Petroleum O&G (BUY çè)

Value Shield in Violent Markets

§ In line: FY12 Core profit rose 131% YoY to RM78m, making up 93% and 85% of HLIB and consensus full-year estimates, respectively

§ Disposal of 50% equity stake in SJR Marine related to the FPSO purchase, clipped RM10m from 4Q profit. Otherwise, profit would have grown 135% YoY to RM88m, making up 105%% and 96% of HLIB and consensus full-year estimates, respectively.

§ Reported PATAMI increased 223% to RM92m due to a barrage of non-reoccurring items including 18.4m accounting gain related to the MOPU purchase, RM17 impairment on associates and an RM8m impairment on cold staked vessels. Incorporation of a Labuan company also saw a RM29m tax write back which should lower the tax rate going forward. This was partly offset by approximately RM19m MI share of the tax write back.

§ We maintain our TP of RM1.55 and pending details of the rig contract on an unchanged 16x FY/13 EPS of 9.7 sen/share.

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Latest (8/2/13) TP of 7 brokers averaged 1.42, the highest being 1.63(CIMB) and lowest 1.25 (HwangDBS)
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Latest (8/2/13) TP of 7 brokers averaged 1.42, the highest being 1.63(CIMB) and lowest 1.25 (HwangDBS)

HLIB today 8 Feb 2013

Perisai Petroleum O&G (BUY çè)

Value Shield in Violent Markets

§ In line: FY12 Core profit rose 131% YoY to RM78m, making up 93% and 85% of HLIB and consensus full-year estimates, respectively

§ Disposal of 50% equity stake in SJR Marine related to the FPSO purchase, clipped RM10m from 4Q profit. Otherwise, profit would have grown 135% YoY to RM88m, making up 105%% and 96% of HLIB and consensus full-year estimates, respectively.

§ Reported PATAMI increased 223% to RM92m due to a barrage of non-reoccurring items including 18.4m accounting gain related to the MOPU purchase, RM17 impairment on associates and an RM8m impairment on cold staked vessels. Incorporation of a Labuan company also saw a RM29m tax write back which should lower the tax rate going forward. This was partly offset by approximately RM19m MI share of the tax write back.

§ We maintain our TP of RM1.55 and pending details of the rig contract on an unchanged 16x FY/13 EPS of 9.7 sen/share.

ya la bro...

Razmry, if must know what's the equity:fixed income ratio in their portfolio. Unless EPF can allocate more than 50% in equity, then u'd get better return than LTAT. U know lah, high risk high return. U look at Singapore. What is their dividend payout? Much much lower lor...u mean their funds not well managed?

what razmry? U expect EPF to give 15% dividend???? Come on la fren...Mutual fund oso don't give u that kind of generous dividend.U must know the breakdown of EPF's portfolio....Not all their funds are in equity. If I'm not mistaken, abt 25% are in equity and the rest in fixed income. Then, how to justify 15%? Fixed income instruments don't provide high yields and returns compared to equity.

this counter LEMAS oledi...needs CPR resuscitation...

We have grown from strength to strength since independence...we prospered and prosperous now...is the change necessary? OR just for the sake of change?

agogo...

hehehe

don't jump yet unless u want to hold...may go down to 6sen for all u know...

Down since 5 Nov from its high of 0.545, now 0.275, plunged almost 50%. RSI 30 now...oversold but still bearish.

Tiger no more fangs oledi...

Sharks eaten up by killer whale...hehehe

HLIB today...

DiGi (HOLD çè)

4Q12 Upset in the Absence of Tax Incentive

§ DiGi’s FY12 core net profit of RM1,205.7m came in below expectation, mainly due to Higher COGS and effective tax rate of 24.2% in the absence of broadband tax incentive.

§ Declared 4th interim tax-exempt dividend of 2.5sen, totalling to 26.3sen in FY12.

§ 4Q12 revenue sales regained growth qoq and yoy on the back of stronger data growth traction and improved network performance.

§ Growth in data revenues grew qoq is sufficient to offset the contraction in voice revenues.

§ The significant improvements in usage trends and roll-out pace of new 3G sites have picked up steam showed the effectiveness the mitigation measures addressing the deteriorating network quality after the network swap which had impacted voice revenues in 3Q12.

§ FY13 and FY14 EPS were adjusted lower by 18.6% and 12.7% respectively.

§ TP cut by 6.8% to RM4.79 from RM5.14 based on DCF valuation. Maintain HOLD call on the equity.

nightmare n suicidal if it goes down to your tp of 0.385...

Let the KLCI goes down as much as the big boys want it to be, but not the lower liners. The problem is that we tend to follow the tune & tempo of the big boys whereas there's not much change in the fundamentals. The big boys use GE as an excuse to play up the mkt. When prices plunge, that's the time to bottom fish and bargain hunt...

HLIB...today 7 Feb 13

PERDANA: Grossly oversold with key supports near RM0.98-1.00

§ After the selldown, PERDANA is currently trading at a 10x FY13 P/E (in line with its 5-year average), hence further significant downside risk is limited. We see further price weaknesses as opportunities to accumulate for risk takers in anticipation of a relief rally. Immediate supports are situated near RM0.98-1.00. FR). Immediate resistance levels are RM1.08 (50-d SMA), RM1.10 (76.4% FR) and RM1.14 (30-SMA). Further breakout above RM1.14 will spur greater upside towards RM1.17-1.20 zones. Cut loss below RM0.97.

blood bath...

:(

in this kind of mkt...u can see ppl running naked, higher occupancy in tg rambutan, suicides n the like...

they could have cut loss earlier la i guess...

:( :(

HO HSIEN ...

SOS...:(

lot of ppl wounded oledi...can't say much...lol

support is at about 66...if it keeps on falling until GE...where would it be by then? now is 77...10-11 sen is not far down..now oledi down 3.5 sen..tomolo, day after????

blood bath everywhere...ho hsien...

this stock holding well la...no worry

I WOULD BUY BELOW 0.65

MATI KUDASAI...

most rockets will launch after GE...not AFTER CNY...

blood bath everywhere...lol

got eyes...watch n see
got ears...listen
got mouth...keep quiet...

u can't trade in a bear mkt, whatmore contra...u need to buy n hold, n wait till GE is over

god oso won't save u la..

actually, averaging down is not a good strategy...cut loss n buy at lower levels as u save the difference between selling price n buying price when price drops lower n lower...

GE factor mahh...no change in fundamentals...funds giving excuses for the selldown...not only perdana but the entire mkt is jittery...

blood bath everywhere...

getting cheap, cheaper, cheapest n...low, lower, lowest...how low is low n how cheap is cheap? everyone's guess...

red blood corpuscles everywhere...

mkt kaput oledi...

hiding lor...made their money wat..sure they chao n cabut la...

once they sneeze, we had it...

2 mths...quite a long wait for GE to be over...now mkt oledi shivering of cold...