break 64 baru uptrend wor

difference of 15 sen btw mother n son, TIME TO CONVERT

luckily convert to mother share kikikiki 0.405+0.13 untung 6 sen liau kikiki on top of 2 sen div

connie, when u come home, seph privately tutor u on 'fa' kikikiki

asakura, tired liau to explain, go study fa class kikiki

huaaaatttttt aaaaaaaaaaarrrrrrr l&g n la

yummy yummy 45.5

need to adjust par value to 1.00 to compare with nav

phui yo 0.60 again kikikiki

bimb-wa heating up again to 0.615 kikikiki

asakura,

at par value 0.30, share price = 0.215

at par value 1.00, share price = 0.215 X3.33

no doubt there will be a one off gain of 9.9m in aug result

For illustrative purposes only, based on the latest available audited financial statements of the ASP, HVLP and LDM as at 31 December 2013, and assuming that the Proposed Disposal had been completed as at that date, the Proposed Disposal will result in an estimated net gain on disposal of approximately RM9.9 million

sayonara guys, c u after 2.30

asb cash 76.9m borrowings 74.4m, not so undervalue
par value 30 sen, meaning share price = 21.5 sen X 3.33= 71.66 sen

most property counters trading below book value coz it take few hundred million to develop the land and unlock the value

after completion of china deal, nta shd increase by 10% , due to high cash of 57 sen per share, not appropriate to look at nta

CIMB rpt valuation
In our view, the RNAV valuation method is the best way to reflect Salcon's asset
base apart from the recovery in net profit for the construction segment. Key
components of our RNAV would be 1) the estimated FY15 construction net
profit of RM21m (mainly from the Langat 2 WTP, new sewerage plant jobs)
pegged to a 15.9x target P/E, in line with our construction coverage, 2) the
estimated DCF value of 50%-owned VBT, based on RM10m-15m net profit p.a.
for up to 15 years at 8% WACC, 3) BV of the remaining water concessions in
Vietnam, 4) the 12.5-acre land bank for Eco Mid Town at RM300 psf, and 5)
the 0.9-acre Selayang land at RM250 psf. After accounting for other main
balance sheet items and the impact of the dilution of the 45.5m warrants
exercised @ RM0.75, we believe its fully-diluted RNAV/share could be RM1.40.
The stock is hence trading at a steep 44% discount to RNAV.
8.2 Worth RM1.12 or 43% upside; 3-4x EV/net profit
We peg a 20% discount to our RNAV/share valuation for Salcon of RM1.40 and
arrive at an indicative value of RM1.12/share. The discount is at the lower end
of the 10-50% we apply to the construction stocks under our coverage and
lower than the 40% SOP discount we apply to Puncak Niaga. In spite of its
relatively small market cap, we believe Salcon deserves to be valued at a
narrower RNAV discount as the enlarged estimated net cash of over RM400m
makes up 76% of its market cap (NCPS: 57 sen). Using the EV/net profit
method and an estimated RM33m-38m net profit for FY15-16, Salcon is cheap,
trading at an attractive EV/net profit multiple of 3-4x.
8.3 Still offers value
The share price has risen 17% YTD, largely due to the positives from the China
asset divestment, expectations on securing the Langat 2 WTP (which is the
largest in Southeast Asia) and the bottoming out of operating losses. We believe
the share price has yet to factor in the positives from the potentially strong
recurring income of the 50%-owned VBT and the likelihood of winning other
contracts beyond Langat 2 WTP phase 1, new M&A possibilities including new
land banks and the earnings turnaround in FY14. Potential rerating catalysts
include 1) Rapid raw water supply - 260 MLD - worth RM170m, 2) Rapid WTP
package 16B - 250 MLD - worth RM240m, and 3) the Langat STP worth
RM200m.

asakura, exactly, must be liquid cash or land, very difficult to value plant & equipment due to depreciation and cannot easily sell the p&e

the concerns are high borrwings, low margin, all stated in the above article, read carefully loh

asakura, ex-cash means salcon current share price less cash per share, 90-57= 23

ya lor share price must always catch up or near nta mah

dino, take kcchongnz class loh

asakura, kialim have negative cash balance, low quality asset like property,plant & equipment, receivables, borrowings 20m

1.8 sen eps per qtr, annualised 7.2 sen, pe 8.5X still ok, i won't bet loh, maybe u wanna enter based on ta

for yfg i won't buy, if wanna follow this experienced fa guy also can loh
http://klse.i3investor.com/blogs/kianweiaritcles/54030.jsp

asakura, from cimb rpt, cash of 57 sen per share after completion of china deal, so the mkt only value salcon biz at 22.5sen ex-cash, damn ridiculous loh

Despite its relatively small market cap,we believe Salcon deserves to be
valued at a narrower 20% RNAV discount vs. its peers as its enlarged
estimated net cash of over RM400m makes up 76% of its market cap
(NCPS: 57 sen)

asakura, connie not only good at ta but many As in multiple areas of expertise

always top up 3-4 sen difference from yr earlier purchase price

asakura, don't top up first, see 0.89 can hold or not by 4pm

market is too retard to price in such low premium

end aug, 0.9X NO MORE

i tambah 89.5 liau, still holding 69.5/71

asakura, cash rich company always on track (eg. ilb), for ta, ask bro hawk loh

testing patience only mah, must have titanium patience loh, another 2-3 months wait, pansim pansim

Danke, must close above 58.5 to comfirm uptrend

sifu duit, bolen makan loh if the above 2 barriers broken with ease

l&g broken 57/58.5 with volume, will shoot pass 60 soon enuf

fa will catch up n reflected in share price sooner or later

good morning connie, i drink 2 in 1 kopi only, u think too much liau

morning bro hawk, metta,n all babe n guy sifu, pjd-wc huat liauuuuuuuuuu kikiki

nick, going out soon, past 3 days go out til panda eyes, in n out session is the best, try 2 in 1

nicholas, good deal, for every 5 shares, buy 1 pref shares at 1.00 each+ 2 free warrants,, warrant shd be worth min 0.20 up to 0.30, tomorrow insas might shoot up by 10 sen or more

connie, leave the hard work to me, u just lie down n enjoy kikikiki

Thanks bro hawk, I think malton gonna raise money for pavilion 2, rights issue coming up coz share price above par value 1.00 liau

btw, hwang(6688) have ding dong enuf 1.8X for more than 3 months, now out of the 1.8X cage,breaking towards 2.00, good luck guys

Sleeping giant hwang gonna awake soon enuf, now already open one eye, sapu kaw kaw below 2.00, cash per share more than 30% above share price aka RM2.68 per share

http://klse.i3investor.com/blogs/kenangaresearch/50386.jsp

http://klse.i3investor.com/blogs/blisswise/50545.jsp

good morning connie, it's my pleasure, stalk me all u want hun, btw some keywords from the article, (I did master some of the skills below, right?)

This job requires some skill and it’s achieve and no one needs to beg for it. One must have the discipline, desire, wisdom and the right attitude to achieve extraordinary results.

gtg PARTY, ta da

Sleeping giant hwang gonna awake soon enuf, now already open one eye, sapu kaw kaw below 2.00, cash per share more than 25% above share price

end of stabilising action, prepare to grab some at 1.45-1.50

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1696497

Bro hawk, can u check malton's chart when u r free, I recommend my dad bot at 0.50, he still have not take profit after sapu 2 yrs dividend.

Oh...errrmmm.....4give my cacat english, shd be happy holidays

sayonara guys, party hard n 'sweat' more for the next 5 days, hhuuuuuuuuuaaaatttttttttt aaaaaaaaarrrrrrrrrr

happy hor ni day

matrix, it's ok, i have the analysis in my head since i bot at 0.30

that's why need to buy 15 to 20 stocks, few of them let them zzzz sooner or later will wake up

matrix, next month result min eps 22 sen, tp 1.20

bro hawk short term tp 1.08

http://silkyhawk.blogspot.com/2014/07/pjdev-wc-1945wc-another-profitable.html

pjd-wc broken super resistance 90.5, huat huat liau kikikiki

sherri, tp 1.00 no longer true, say 1.05?