OTHERS UMBRELLA CONTRACT FOR THE PROVISION OF 460K DRILLING HYDRAULIC WORKOVER UNIT (HWU) FOR PETRONAS CARIGALI SDN BHD ("CONTRACT") OR ("AWARD OF CONTRACT") (CONTRACT NO: CHO/2017/WELLS/1022 (B))

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5721449

@ks55, my understanding is count as individual instead of husband and wife. Kindly correct me if I'm wrong.

Mr Koon hold only 22.11 units of Jaks,
I think it is still far from 33%?

The take over is consider as counting individual share holding I believe?
Or it is husband + wife?

Thanks for any advice.

JAKS’ outlook remains robust on Vietnam job profit recognition

https://www.edgeprop.my/content/1289058/jaks%E2%80%99-outlook-remains-robust-vietnam-job-profit-recognition

Thanks, CY1214. I will have a further read of other 3 stocks.

The expansion plan seems like taking longer time than expectation.

@CY1214, might to share what is the other 3 company that identified as growth company by cold eye? Thanks for your sharing.

I will join back once Tomypak prove their expansion plan is work.

Agree. Including me :(

Quite disappointed result. I don't expect it will report lose at this quarter.

Take profit of Tomypak (around 0.875-0.91) yesterday. I will buy in back once the report show improving later.

http://www.theedgemarkets.com/article/jaks-gets-interim-stay-blocking-release-bank-guarantee-star-media

http://koonyewyin.com/2018/02/17/how-i-dare-to-buy-so-much-jaks/

http://koonyewyin.com/2018/02/11/why-business-sense-is-so-important/

@omgimnoob,

Hope it clarify your concern.

"Export sales accounted for 52.9% or RM111.53 million; as was the case in FY 2015 where export sales accounted for 54.7% of total sales. These export sales are primarily in USD which provides the Tomypak Group with sufficient foreign currency to match import of major raw materials. Countries where Tomypak Group products are exported to include the Philippines, Russia, Singapore, South Africa and Myanmar."

Detail can refer to Tomypak Annual Report 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5688893

JOHOTIN的基本面分享和Q417预测

股市近日血流成河，特地加了基本面分享让大伙儿多点专注生意，远离股市。基本面的重点的是企业的财务基础及其营运流程，所看的是它们是否健全及顺利，两者互相支撑及互相辅助。财务营运良好者即能为企业创造更多盈利，更能成长进步及回馈股东。而这一切都得取决于管理层的努力，领导及决策。

如果以上条件都符合的公司，我们会称之为优质股。优质股拥有一些特质，如冷前辈指出：有成长，强现金流，高股东回酬，合理本益比，派股息。现在让我们以这些特质从新解读今天的柔佛珍，看它是否还是一颗珍珠。

成长：管理层的扩充计划已经在上一篇列出。除了内部努力，外在的因素如人们对产品的需求也是重要一环。Diaries消费品可以说是很稳定的一门生意，如今Johotin已经越过了dairies的生产门槛，接下来的努力应该是积极维持和提高质量及品牌。看每一季的季报，管理层都会提及dairies的high demand和growing，如果继续把握商机，必能蒸蒸日上。

现金流：强劲现金流必须要有多余的净营运现金，那才能让企业有空间发挥。一般来说管理层有三项选择来运用多余现金：扩充，还债，派息。Johotin在这方面是三管齐下。扩充上篇有提到，努力不曾间断。还债更是积极，尤其是这两年，债务单单在2016即从107.5mil减至66.4mil。而20173Q里继续降低至46.3mil。手持现金则在这期间从36.9mil增至57.6mil，晋升为净现金企业。除此以外，它也不忘年年派息。

股东回酬：此指标用作衡量管理层如何利用股东们的每一份钱及资源。
2015年 = 17.3/194.8 = 8.8%
2016年 = 36.1/225.1 = 16.0%
2017年 = 预计12~15%
以上%解释说管理层能将你投入的每10块，每年创造80cent ~ 160cent的价值。

本益比：以今天计算大约10~11，算是合理。
股息：每年2～4cent股息。预计债务进一步降低后股息会随着稳定或进一步提高。

Q417 业绩预测
对我来说这一季的业绩有两个不确定性：
1. 马币升值带来的影响
2. 管理层是否还会拨备坏账

对于汇率，有人说Johotin是出口股（大部分USD)，马币强会影响盈利。有者则说升值可以降低它的原料进口成本，有利。谁是谁非？我们还是看数字吧，以下是过去7个季度的汇率波动，gross profit margin以及外汇盈损的数据。

Gross Profit是营业额减去成本（原料及人力）的金额，观察此数字或许可以给我们成本影响盈利的方向。从以下数据看，不难发现在马币走强期间，GP margin普遍都很稳定于14~14.5%，虽说成本减低但利润也随着外汇走低。但如果在单季内马币转弱，尤其是低于上个季度很多时，那margin会升高至18%，这可能是低买高卖的原理（Q316和Q416）。但如果马币长期处于弱势，那margin就会因高成本而下降，就如Q117只有12.5%。

至于外汇盈损，johotin有自己的自然缓冲。管理层会将receivables及payable (大多数是USD)的差额做short term foreign currency forward contract来降低外汇风险。最近几季来看都做得蛮好的。个人对Q4还是有点期待，营业额应该会继续升。但基于最近世道不好，保守估计140mil。

在没有坏账拨备的情况下：
Gross profit ~ 20mil (14% margin)
Expenses ~ (4 + 3.5) = 7.5mil
PBT 保守估计 ～ 12.5mil
PAT 大约 9.5mil (EPS 大约3cents)

Gross Profit Q116 to Q317
Note: Gain on disposal Of PPE is deducted

Q116 USD 4.28 to 3.96
GP 13.4/91.58 = 14.6%
Foreign Ex = 0.23mil

Q216 USD 3.96 to 4.06
GP 16.6/115.35 = 14.4%
Foreign Ex = 3.05mil

Q316 USD 4.05 to 4.13
GP 21.6/115.8 = 18.65%
Foreign Ex = 0.15mil

Q416 USD 4.11 to 4.48
GP 22.3/118.7 = 18.7%
Foreign Ex = 0.09mil

Q117 USD 4.48 to 4.41
GP 12.9/102.6 = 12.5%
Foreign Ex = 0.89mil

Q217 USD 4.41 to 4.28
GP 18.0/123.4 = 14.5%
Foreign Ex = 0.13mil

Q317 USD 4.28 to 4.20
GP 18.75/132.9 = 14.1%
Foreign Ex = 1.27mil

声明：本人所有帖文均是为个人投资功课做记录以方便将来跟进，所有分享皆属个人观点。读者请自行检测数据及分析。

***取自<小商人>FB专页

http://klse.i3investor.com/m/blog/sin_chew_hot_stocks/146556.jsp

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5683265

Daiboci latest QR looks nice.

“股价跌跌不休 柔佛珍路不平” Latest The Busy Weekly got an article about Johotin.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5682961

https://www.klsescreener.com/v2/news/view/337957/affin-hong-leong-financial-jaks-kretam-kamdar-t7

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5681689

http://klse.i3investor.com/blogs/kianweiaritcles/145984.jsp

https://www.klsescreener.com/v2/news/view/337025/嘉登次季赚2837万

https://www.klsescreener.com/v2/news/view/336591/减值风险犹在-油气股不明朗

One of the "Top 40 undervalue stock" published at latest Focus Malaysia.

http://www.klsescreener.com/v2/news/view/335623/winners-and-losers-from-interest-rate-hike-cimb-research

通常情况下，在公司前景和股市行情看好，盈利增加时，股东愿意按规定条件和价格，将优先股股票换成普通股股票；在公司前景不明朗，盈利明显减少，支付股息有困难时．则会将优先股股票换成公司债券，这时投资者由公司股东变成公司债权人。

http://wiki.mbalib.com/wiki/可转换优先股

https://www.klsescreener.com/v2/news/view/335101/rhb-research-raises-gadang-target-price-to-rm1-48

http://klse.i3investor.com/blogs/20102017/145303.jsp

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5673533

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5673261

http://klse.i3investor.com/m/blog/fpi_/145053.jsp

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5671605

https://klse.i3investor.com/blogs/wiz_of_finance/144937.jsp

“I’d say the trend is already evident, as the group’s bottom line has failed to perform and meet expectations in the last two consecutive quarters,” she points out, in reference to Tomypak’s results for the second and third quarters of its financial year ended Dec 31, 2017.

Time will prove it. Hehe.

“The longer-term prospects of the company may be bright, but for the time being, we think it has hit the speed bump... we expect the group’s net profit to be hit by narrowing profit margins and rising costs,” the fund manager with a local asset management company tells StarBizWeek.

I believe investor more concern Tomypak expansion plan instead. Revenue growth is much more important than profit margin or rising cost etc. Hehe.

@ozzie75, The analyst buy your idea. Hehe.

https://www.thestar.com.my/business/business-news/2018/01/20/limited-upside-seen-for-tomypak/

Again EPF top up Gadang
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5670713

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5670661

New Low. Wonder how far it can drop? :)

EPF acquired Gadang share.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5668969

Thanks, trendt.

ESOS announcement

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5668541