i'm relaxing...

we are not belittling u...relax singh...

i know la DaveSingh..don't worry...your sell call on telcos was right anyway...y worry man...just wait at RM3 lah. I'm also waiting for 3 what...3 is also my magic number...

got straights As ar???

...as long as u don't jump into the fire enough lo...lots of fire everywhere now...b careful

we are sailing against the wind ma...

TIME BOM EXPLODED oledi...4.40 -24sen

HWANGDBS 2DAY

YTL POWER

MORE CHALLENGING OUTLOOK

Weaker performance at key divisions. PBT contribution from
PowerSeraya and Wessex Water fell 6% and 18% y-o-y due to
higher fuel costs at PowerSeraya and larger depreciation charge
at Wessex. Malaysian power division PBT fell 41% due to
scheduled plant maintenance shutdown. Overall, 1QFY13 PBT
grew 6% yoy due to smaller losses at YES’ WIMAX operation.
Result in line. 1QFY13 earnings account for 22% and 20% of our
and market estimates; that is within expectations as YTLP
normally records higher earnings in 2H. It declared 0.94 sen DPS,
in line with previous quarters and within our expectation.

Our View
Limited impact from non-renewal of Malaysian PPAs. YTLP’s
first gen PPA in Malaysia was not renewed by the government in
October. But this has no impact on our forecast earnings as we
have not imputed any contribution beyond the expiry of first gen
PPAs and PPA contribution is only c.10% of FY14F PBT. YTLP will
likely continue to bid for new power plants given Malaysia’s plan
to develop 4,500MW of new capacity in the country.
More challenging outlook. Earnings from PowerSeraya and
Wessex Water will remain resilient in FY13, but the following two
years will be challenging as capacity increase in Singapore’s
electricity market will eventually pressure margins and sales
volume, and the lingering European crisis could limit returns from
Wessex upon the expiry of the current regulatory regime in 2015.
We expect YTLP to continue to bid for regulated assets overseas
given its RM10b cash hoard at end 1QFY13, to compensate for
potentially lower earnings from PowerSeraya and Wessex Water.

Recommendation
Maintain HOLD. This is premised on reasonable valuations and
longer term upside from new acquisitions, but our DCF-derived
TP is reduced to RM1.70 after imputing higher risk premium.

HWANGDBS 2day

Gas Malaysia
Yield play with growth: 5 November
Sole gas distributor in Peninsular
Malaysia for users that consume up
to 5mmscfd. FY12-15F growth from
locked-in volume; more upside from
future increase in LNG supply.
Sustainable 5% yield backed by high
FCF and strong balance sheet. Initiate
coverage with BUY call and RM2.95
TP.

23 Nov 12
HWANGDBS
Analyst Briefing Comments

KNM Group; Hold; RM0.49
Price target: RM0.55; KNMG MK
3Q12 analyst briefing highlights
The management expects FY12 to be a turnaround year and growth is likely to continue going forward in view of its cost optimisation and selective order intakes to improve on its profit margins. KNM is also
rationalising its operations in Americas which has dragged the group’s financial performance in 9M12.

Its order book stands at RM1.9bn (as of Oct12), of which close to 70% of the orders are contributed by its European subsidiaries. Meanwhile, tender book remains healthy at RM19bn. The management will continue to pursue projects with better profitability to grow its bottom line.
For its Peterborough waste-to-energy project in the UK, it is likely to commence Phase 1 in FY13 which entails GBP233m investment for 35MW facilities. KNM is looking to conclude its financial arrangement
with the banking institutions by year-end. We understand that the project will take up to 4 years to complete before contributing with a potential recurring revenue of c.RM200m annually.

Meanwhile, management is sanguine on its prospects in Petronas’ Refinery & Petrochemical Integrated Development as there will be huge addressable market of process equipments for KNM to tap.

Nevertheless, we believe that contract awards are likely come by FY14, at the earliest.

We maintain our HOLD rating with RM0.55 TP. We believe there is no near-term re-rating catalyst for the counter given the weak external outlook. However, the (proposed) listing of its wholly-owned subsidiary Borsig, in Singapore by 2H13 could rerate the counter.

KC loh...thx...like your lengthy thoughts and expressions...

stiff competition ma...

u are right Mat Cendana...we have the right to express our thoughts...not noise as claimed by kclee...freedom of expression ma...LOL

MHB was once my darling stock upon its listing 2 years back. Then, not many like the stock and success rate for the IPO was very high. Applied in public issue and gotten 30k. Kept until it passed 6 and unloaded all. Never looked back even though it reached 8. That's among my best money-making IPO ever. Now, the situation has changed...too many players in the mkt and competition is getting more intense...lesser jobs today than in the past...that could partly explain the fall in share prices all the way from its peak of 8.65 since June last year.

MHB was once my darling stock upon its listing 2 years back. Then, not many like the stock and success rate for the IPO was very high. Applied in public issue and gotten 30k. Kept until it passed 6 and unloaded all. Never looked back even though it reached 8. That's among my best money-making IPO ever. Now, the situation has changed...too many players in the mkt and competition is getting more intense...lesser jobs today than in the past...that could partly explain the fall in share prices all the way from its peak of 8.65 since June last year.

remember that this a 2-way mkt. Supply and demand determines a share price. Stock price will reach an equilibrium point after heavy selling pressure is completed....we wait and see lor...not the end of the world ma. If DaveSingh wants Digi to plunge to RM3 before buying, let it be. So...patiently wait for RM3 la...next year may be...singh singh, now he got to sing 2 songs for us...

cabut kudasai...play marbles lor after this...hehehe

mkt is not efficient...people can come out with all sorts of mkt hypotheses...but the fact is ...mkt is inefficient...

that's normal bro...

stock5678
304 posts


Posted by stock5678 > Oct 26, 2012 09:08 PM | Report Abuse

This is one of the counters "they" made profit. By listing so many "valued" stocks, many investors 'trapped". I always told my friends, not to touch those 'stocks" no matter how good they mentioned. "Hot stocks" means for them to release and encash regardless whether others die or live.

stock5678...they can be brutal when making money for their funds. Once they unload, they even throw their pants...remember that funds do have program selling strategies. Once a sell call is triggered in their portfolio, they'll unload regardless of any mkt conditions. So..becareful...

if the current T+3 and T+2 contra players are cleared, then u'd probably see better price movement later...waiting game...

under mkt conditions, not conducive for contra unless u got into a stock that plunges n rebounds intraday...

still seeing blood all over...

RSI...23...looks at the bottom though, but yet to see a rebound...our telcos still under pressure...

seeing blood all over...

seeing blood everywhere

probably Dave had collected at 4.64....contrary to his RM3 call

holidaying...skiing...

lor...when he yelled the other day...the entire world heard him mannn..

Posted by bvc100x > Mar 25, 2012 11:20 AM | Report Abuse

I really dun understand why this company raise 29 millions shares at $1. for what? buy at bursa only 0.78 or less. why people want to buy $1 directly from them.


@bvc100x....they hope investors would push the price to RM1 so that they could exit ma..

hahaha...nyamuk also want to live ma..

Research houses do come out with their own technical views and TPs are created by using technical tools. But when they arrive at a TP due to changes in fundamentals, they have to justify with strong reasons. Of coz they're not God, but the std deviation in TPs among analysts shouldn't be too wide...unless they have insider infor...

that's what they wrote in their reports...fundamental change...

FBMKLCI ...RSI at 23...slightly oversold but still downside bias...MACD and stochastic showing the same...year-end portfolio adjustment by fund managers taking place...

ya lor...undeniably yes...but Dave got hidden agenda ma...he wants the stock bashed down so that he could collect at the lows...he wants cheap sale...that's y he yelled SELLLL TELCOS all the way...

but they used PE multiples to guide them in arriving at the TP, not chart... juggernault....that's how analysts make a living ma...throwing darts to get their TPs...hahaha

Posted by meegoreng > Nov 23, 2012 09:16 AM | Report Abuse

yaa, never trust OSK! How about the prediction of 1.80 before CNY after seeing the dismal performance just announced?


yup...u are right meegoreng...if the analyst concerned can easily jacked up his TP to 1.80 and influence the masses, why couldn't he do likewise when things did not appear rosy? If he can really do accurate forecasting, he should have said that in the early part of the year and not give investors false hope. If he couldn't do accurate forecasting for FY13 in early 2012, can we say that he'd be right with another TP for FY13? We are talking about millions of $ n sen hear. Not kacang puteh business. If he can't be sure of what he's doing, my best advice...quit being an analyst. Even the loss-making GPacket has a mkt value of 0.50. Don't tell us that JCY is worth worse than GPacket? Come on la...Wake up...

double top or double bottom?

At least HLIB Research has a basis in arriving at its revised TP of RM0.73, ie based on the average of US HDD brand
manufacturers’ FY13 P/E of 4.8x. But our OSK analyst mentioned none. Suka suka plugged 4.5x. Lol...mind u, there are experienced analysts in this forum...so don't bullshit investors...

monday? thx

i like the daughter...hehehe...

he used 4.5x PE multiple to arrive at that TP of 0.35 for FY13, but did not explain the basis for using that magic number of his...LOL...investors not stupid leh...is this a genius analyst??? Malu man...

he thinks PER is the best valuation method meh??? suka suka only used 4.5x. Y? low growth could be his excuse...still profitable ma...

that dungu assigned a PER of 4.5x to the stock with EPS of 7.7sen for FY13...and that's how he derived that 0.35 (7.7x4.5). Why pick 4.5x? On what basis? Industry average? Plugged from the sky??? That guy suka suka only gave a number???

yup...a goner...

are u sure meh? hehehe

loss-making company ma...y take the risk?

still got hope one...it's not the end of the world yet...only the mothers of dooms are mkt adverse n come up with funny valuations...sometimes I would wonder whether some of their TPs are reliable or not...JCY is not loss-making...y worry? I'm sure there's a better intrinsic value to the stock...not 0.35 or 0.10 LOL

if drops to 0.35, every shareholder of jcy will be running naked n pissing all over the town leh...hahaha

something must be brewing inside which we do not know...or fund managers buying on insider infor on the pretext of analysts' call n recommendation...