@ YiStock

Anyway, it's a good call. Thumbs up!

@ Donald_J_Trump


What's with all this?

I&F AI Valuation Frontken FV:Rm6.08(27092018)

??????????/

@ sincere_analyst

Hope you will bite off your foot.

@ sincere_analyst

Why bother so much on volume and stock price?
You must be a day trader?
Most day traders don't do well.
I know none of them are billionaires.
But I got to know one person who invest for long term by read QR and AR, he sit top5 richest man in the world.

Spend more time looking at the company future projects and read the QR & AR , to make sure they delivers what they say.

@ Albino88

Please do not spread fake news.
As long as not provided in Bursa Malaysia website yet, all others are fake news.

@ @ YiStock

Will contact Bursa on the discrepancy. Probably does something miss out.

@ YiStock

No contradicting my opinion.
I did mentioned "IF"
At this moment, TSMC is the only company I know that produces 7nm chips.
Not arguing on this, but just to highlight certain areas based on my opinion.


And TSMC is going to produce 5nm, not 3nm yet(after 2022)
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https://www.techspot.com/news/75194-tsmc-promises-25-billion-investment-5nm-facility-retain.html

@ YiStock

PEG computation depends on the company's growth especially in the future.
Unfortunately, we only have data comparison 2017 against 2016(losses) and partial of 2018 with 2017.
But I remember that you mentioned in write up, that Taiwan Ares Green is not the only precision cleaner. I've google and noticed that there are more than 5 companies with size larger than Ares Green.

Just as Apple could switch supplier, TSMC could switch to any of these precision cleaners as well.

Do you know TSMC is the only company capable of producing 7NM chips and successfully commercialise it.
This is considered an advantage or what Warren Buffet would call a "moat'. That's why Warren Buffet bought Apple as the advantage is much greater than TSMC. Basically, Apple hold the TSMC's balls. If someones else could produce 5NM next year, then .......
Apple is the only crazy company in the world that sells the most expensive phones every year, undisputable.

Just my 2 cents.

@ YiStock

Referring to page 6 and page 12 of the annual report.
It clearly states Singapore took in RM46 mil in 2017.
Not sure why the chairman message states RM55mil.

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http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=186995&name=EA_DS_ATTACHMENTS

TSMC is trading at PE 19. Isn't it more logical to buy TSMC as compared with Frontken trading at PE 26 and waiting for bread crumbs.

Why the revenue from Singapore is stated at RM46mil in the segment revenue table as compared with revenue that is stated as RM55mil in Singapore from the Chairman's message?

@ Smax_Fiona

All this ads for what?
If you can tell which stocks will move up, you would not waste your time selling.

The major shareholder had already reduced his shareholding by 50% reflects that he is not comfortable with the future prospect and risk involved.
Based on most of the comments here, I can safely assume 80% of you guys are doubting and feeling unsecure to invest your hard earn money into this counter.
I think you should consider other counters as this counter is not your cup of tea.

Wow, market value going THREE FOLD.

Trade war for US China does not impact on rubber gloves.

RUBBER GLOVES EXEMPTED!

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https://www.usatoday.com/story/news/politics/2018/09/17/trade-war-trump-readies-tariffs-another-200-billion-chinese-goods/1336684002/

@ pang72

Many IB analyst. Study theirs first, then make your own decision.

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http://ir.chartnexus.com/hibiscuspetroleum/download/pdf/media/analyst-reports/Public%20Investment%20Bank%2030.08.18%20Hibiscus%20Petroleum%20Berhad_Towards%20an%20Exciting%20Year.pdf

@ pang72

I think the risk is high for you to purchase at this price.
Most of us purchase it when it's between 0.80-1.00 when we started the debate to calculate the estimated PSC Sabah & Anasuria earnings.

I believe this company is big beneficiary of the trade war.
The QES Thailand is a good start.

Today's closing price very important.

@ Hwai Hooi

Disposed via direct business transfer.

Wow, so happy to see it above rm1.10
Most of us waited for many months.
Finally, it blooms.

@ alex3388

There's a few in Asia. Check the IPO prospectus.
It provides comparison in market cap, revenue, profit,etc

Slowly and steady towards rm4.

Yup
Quietly moving while other chasing MI and Penta.
Looking the result, it's improving.
Possible to reach rm1.

Chip makers affected by slowing demand for smart phones.
Recommended to diversify to other tech company is other areas.

Nature of Interest Direct Interest
Shares Ordinary Shares
Reason Direct Interest:- 1. Disposal of shares through open market and direct business transfer.

@ richcares

Direct business transfer on open market.
Not disposing without any reason.
A company or investor absorb it as they sold.

@ witan

Every stock pick is different. Different industry has different PE average. Besides that, even within the same industry, each company has different products and target market.
Moreover, some companies has competitive edge and some has better profit margin.
All this will be factored into the PE.

If you do not prefer Vitrox due to high PE which is unjustified, you may choose other counters.
I do agree that the current PE is quite high but notice that the company revenue(eg:Quarter2) grows more than 30% than previous quarter in 2017.

So may want to use forward PE instead rolling 4 quarters PE(current PE)
Then the PE would be much less.

Just my 2 cents.

@ Speedy Boy

No need to have fast and furious stock price.
Slow and steady is best.
Compared with 2 years ago(2016), it's stock price average 0.2 only.
So it has grown 400% since then and considered very impressive.
Of course it you had bought it a few months back then you probably have to wait for the next wave.

@ Larrytrader

Agree with you.


@sincere_analyst

Will reach rm8 soon.

@ sincere_analyst

Run for what?
The counter is not going to limit down.

Already up more than 100% since July.
More legs to go?

Small drop compared to the 2 months rally.
Opportunity to topup.

@ Uncle Kopitiam

Who is your friend?

Everyone looking for the next 10 bagger.
Inari, Penta, Vitrox,Topglove, Harta,MYEG,etc have been already.
Find the next!!

It's a bargain buy at this moment.

Waiting for another bonus issue announcement by year end.

Wow.
Seeing above rm1 once again.
Hopeful that it will stay up above rm1 for good.

@ Birdbird

Please don't spread fake news.
The company has borrowings of rm7.8mil.

@ trademaster

I don't suggest you chase this stock up. It's too late to jump in even if it retrace back to rm3 unless you had bought much earlier.

Wow.
Impressive rally.
Reaching for rm4 soon.

@ ToolPusher

Please do it.
Short it till limit down.

Let's come back to the topic.
Arguing also no point.

May not get so many scenarios.
If crude oil dips back to USD40 and below, it's the end of the road, more like PN17.
EPF, KWAP, etc will be the laughing matter just as during Dr.Mahathir reign dealing with BNM Forex losses of USD10bil in 1990s.

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Posted by spinninglotus > Sep 16, 2018 11:51 PM | Report Abuse

Post rights issue, failed OMV= 25 cents
Post right issue, successful OMV=60cents to 90cents
Post rights issue, failed OMV, multiple new contracts= 40-60 cents
Post rights issue, failed OMV, no good contracts= PN17

These are the expectations.
Only can be changed by Raja Shahril---> OMV success and new contracts win....PrayKauKau is the key!!!

@ latuk

Why not hold on for next few weeks?
It should go above RM1 again, given the crude oil is still strong.
You didn't make mistake, just need for patience.

@ latuk

What price you bought that you need to cut loss?

Still have legs to go above rm3

Unfortunately, the sale of Sapura upstream proceeds will go to reduce the debts. Thus, it will not have significant value added to the stock price. Unlike if the sale proceeds goes into the company's retained earnings for future expansion probably would increase net asset value, which would value the company upwards.

The rights issue proceeds also goes to pare down its debts.
No value add to the company other than some interest savings.
Even the net asset value becomes HALF after the rights issue.

@ latuk

What do you mean "no real profit"?
Even exclude the goodwill. The company still has net profit.

Did you miscalculated?

@ latuk

I'm not sure why you mentioned underperform for both stock and management.
You may make comparison in terms of revenue, profit & stock price since 2016 when the company's oil producing assets starting to bear fruits.

So they are underperforming?