Believe it's mere technical rebound after over-sold yesterday. Don't think Thong has finished disposing his stake yet...

Just read Focus Malaysia this week. BIMB gave Ho Hup a target price of RM1.60.

Agree with you. Sometimes I wonder what SC is doing....

RHB initiated the stock on Monday at target price of RM2.57, and revised down the target price by 11% to RM2.29 three days later.

I'm just wondering whether the analyst will downgrade again next week...end of the show?

Armt, i understand what you are trying to say. The result is basically in line with RHB's forecast.

But with the private placement + the yet to be converted warrants etc., we shall see more dilution. Even we see strong net profit growth, our EPS growth will still be diluted.

Flat/ Declining earnings (EPS) growth, do you still think it warrant a rerating? 7x P/E is very generous already. Some more, no dividend.

Never expect the party to be over so soon...

Yesterday RHB forecasted the EPS growth in FY15 to be ~+4.5%. Today, it released its 1Q15 results with EPS growth of -10.2%.

But earnings growth in FY15 is less than 5% based on RHB. Unexciting, isn't it?

Thong started to dispose his stake, some more before 1Q results announcement...

Dilution is inevitable. ESOS is likely to increase share base by at most 10%. Management will only be incentivised to manage the share price after it got its ESOS, which will likely happen at least after 3 months when it got approved.

CEO Derek Wong kept stressing that net profit to grow by 20-25% only in the Star for the past 3 weeks. Earnings momentum to normalise. No more catalyst. All has been priced in.

Seems hopeless in the short term.

汤氏 - Insas, Hohup
郭氏 - Gadang
陈氏 - ?? 大大可否指点?