It is hard to us to convert Mediac MY to Mediac HK because we have no trading account there. But as long as there has a gap between Mediac MY and HK, substantial shareholders are willing buy more Mediac MY until share prices of both shares trading at same level. Now Mediac HK trading at HK$1.80, equal to RM0.90.

https://www.marketwatch.com/investing/stock/0685?countrycode=hk

Just wait for more substantial shareholders convert and push up the Mediac MY price until share prices for MY & HK at the same level.

Now HK$1.80, equal to RM0.90. Unless MEDIAC HK falls to HK$0.80, if NOT we are hard to lose. Good explanation, david_tan.

At least I no cheat investors here. I'm trader and I will give some time to MEDIAC MY to perform. If cannot perform, I still OK. I will NOT blame on you.

Now MEDIAC HK trading at HK$1.80, it's equal to RM0.90 but current share price deeply undervalued. Unless MEDIAC HK drops below HK$0.90, if NOT we are hard to lose if our price is RM0.45.

https://www.marketwatch.com/investing/stock/0685?countrycode=hk

Downside 20%, but potential upside can be more than 100%. Think again.

28 Mac 2018, Most Kwai Chung will be listed. Then second wave, now first wave only. I just want to say if something NOT make any sense, then you should make your own decision. Don't trust others even investment banks.

Now MEDIAC HK trading at $2.18, equal to RM1.09.
https://www.marketwatch.com/investing/stock/0685?countrycode=hk

That's mean if you buy at RM0.45. In the worst scenario, you will lose 20% only but you have a chance to win 100% return.

Which counter can offer you more than 100% potential upside? Downside 10sen but upside more than 100%. Think about it.

If MEDIAC HK drops to $1.00, MEDIAC MY still worth RM0.50. But now the fact is, MEDIAC HK at $2.00 and above, very huge margin of safety.

I believe Orna is a good buy too. In past ten years, 9/10 of its first quarter results were always better than final quarter.
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5065

Let's say they record 6.78sen for first quarter 2018. Total eps will be 24.12sen. Based on 8x and 10x, TP should be RM1.93 and RM2.41 respectively.

Most Kwai Chung set to be the best HK IPO
http://www.atimes.com/article/most-kwai-chung-stands-to-be-the-best-hk-ipo/

Whoever thinks the media industry is dead, think again. Most Kwai Chung, operator of a popular online video and other media, is set to become Hong Kong’s hottest initial public offering.

The young company founded by three former radio disc jockeys recorded an oversubscription of near 2,900 times from retail investors who put up HK$24 billion (US$3.06 billion) in the IPO’s first two days.

If this momentum continues, Most Kwai Chung is set to top Magnum, a nightclub operator in Lan Kwai Fong, which attracted a 3,558-times subscription.

So why is Most Kwai Chung hotter than the mainland offering iQiyi, a Baidu unit that plans to list in United States, and possibly Xiaomi, which plans to list in Hong Kong and/or mainland China?

It is because Most Kwai Chung, which plans to raise HK$81 million, represents how local creativity can rejuvenate the boring advertising market.

The content-production house was set up by Tsui Ka-ho (pen name Lam Yat-hei), Iu Kar-ho (popularly dubbed Ah Bu) and Luk Ka-chun (pen name Chan Keung) and started with a HK$1 single-sheet magazine called Blackpaper in 2010, but they pulled their enterprise together against the meltdown of traditional media like Television Broadcasts (TVB) and Apple Daily.

Read: Upstart TVMost applies for listing on Hong Kong exchange

In fact, Most Kwai Chung creates its content in a humorous tone like Apple Daily but derives content from TVB. The large chunk of profits was from digital ads, most remembered for featuring actor and Cantopop star Leon Lai for Nescafe and comedian Dayo Wong for DBS credit cards.

And it even made profits somewhat greater than firms under the Association of Accredited Advertising Agencies of Hong Kong (commonly known as HK4As). For the fiscal year ended March 2017, it made a profit of HK$36.23 million, up by more than 62% year on year. However, in the eight months ended last November, its profit fell 84% to HK$5.17 million from the same period of 2016.

Each of the three founders owns 30% of Most Kwai Chung. The remaining 10% is owned by One Media Group, a subsidiary of Media Chinese International, which publishes Ming Pao, paid HK$1 million in 2012 for its stake. Now is the crunch time for Media Chinese International. Its stock on Monday quadrupled in the wake of the strong investor response to Most Kwai Chung’s IPO.

Most Kwai Chung, which will make its debut on March 28 by issuing 67.5 million shares at between HK$1 and HK$1.20 each, is quite creative to choose to locate its headquarters in Kwai Chung, New Territories, best known for its container businesses, yet no listed company in Hong Kong has up to now included the area’s name in its own.

Think about how much these guys would make if the stock went up 10 times. Creativity is all that matters.

Kenanga never coverage on MEDIAC until today. They want to warn us or accumulate quietly, think yourself.

Orna 7.12, PPHB 7.78, Master 8.10 and NTPM 13.48.

There is no good stock to buy now. ORNA and MUDA up a lot already.

NTA as high as RM2.06 but share price left RM0.565, very miserable O&G stock.

Muda may have just found its sweet spot
By Supriya Surendran The Edge Malaysia March 5, 2018

https://klse.i3investor.com/files/my/blog/img/bl4210_muda_20180305.png

They only adjusted selling prices of its products in 4th2017. (from RM1600 to RM2300, 44% upward) Looks like 1st2018 should be very good too.

It looks no good in final quarter. High chance for huge impairment loss again. Only 33% rig utilisation rate.

ORNA is a defensive play.

Usually ORNA's first quarter results are better than the final one.
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5065

ORNA's PE 7.13x vs its competitors, MASTER at 8.45x and PPHB at 8.08x. A bit lag behind. There has no high TP for ORNA but fair value should around RM1.66-RM1.75 (8x-8.45x).

I think we should give support to OTB. KYY is too over.

In Hong Kong, high raw material prices NOT mean they earn less. In fact, they earn double with high selling prices and high sales volume.

Nine Dragons Paper FY2018 Interim Results 27 Feb 2018
http://www.ndpaper.com/eng/media/press/p180227.pdf

Result so-so. Looks like MUDA and ORNA are the winners.

Final quarter always the worst for UMWOG. I guess SAPNRG will follow.

Under market expectation BUT still trading at single PE. That 2sen dividend, the management really think we're beggars.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=4324

Majority says MASTEEL good, good, good but result so-so. I say SSTEEL value buy, buy, buy but no one bother me. Sad.

6.78sen, very very good.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5703813

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5704241

MUDA limit up today. Based on TA, tomorrow corrugated packaging stocks rally will continue. MASTER a bit lag behind, need good result to prove itself.

There are 3 main keys why MUDA has recorded such robust result in final quarter. These main keys are cheap raw material prices, high selling prices & high demand.

This is old corrugated containers (OCC) which are raw materials for making paper rolls. Paper rolls are using for downstream players like ORNA to produce corrugated boxes.

http://cosmosgreenfze.com//wp-content/uploads/2017/10/OCC-Medium.jpg

OCC prices are dropped 30%-40% from 3rd2017 to 4th2017. Their raw materials are cheap, that means their costs are cheaper than previous quarter. But selling prices adjust upwards several times in 2017 due to high demand, especially from China.

http://www.paper.com.cn/news/daynews/2017/170803070250344970.htm

And what's the latest OCC prices now? Drop again, almost 25% from 4th2017 to Jan-Feb2018. It's very good sign for MUDA.

2017 data, old KLS (cardboard)
https://www.letsrecycle.com/prices/waste-paper/uk-domestic-mill-prices/2017-domestic-mill-prices/' target='_blank'>https://www.letsrecycle.com/prices/waste-paper/uk-domestic-mill-prices/2017-domestic-mill-prices/

2018 data, old KLS (cardboard)
https://www.letsrecycle.com/prices/waste-paper/

MUDA is the only one upstream player in Bursa which will be benefited the most from cheap raw material prices. Let’s see how downstream players can perform in this 1-2 days.

Usually their final quarter very very good.

l hold MUDA, ORNA and MASTER. Since today limit up, based on TA, it means tomorrow rally will continue for corrugated packaging stocks. Buy or sell or hold tightly, you decide it.

I guess ORNA buys raw material from Lekok. The latter is one of the substantial shareholders of the former.
https://www.google.com.my/maps/dir/Lekok+Paper+Sdn+Bhd,+Jalan+Ttc+1,+Taman+Teknologi+Cheng,+Malacca/Ornapaper+Berhad,+No.+8998,+Kawasan+Perindustrian+Batu+Berendam+Peringkat+IV,+Melaka,+Taman+Perindustrian+Batu+Berendam,+75350+Batu+Berendam,+Malacca/@2.2407646,102.2361315,3086m/data=!3m1!1e3!4m13!4m12!1m5!1m1!1s0x31d1ee217103cbc1:0x1ec552825e30b6f7!2m2!1d102.2292275!2d2.2474207!1m5!1m1!1s0x31d1effc509437e9:0xe188e98c98fc9791!2m2!1d102.2508287!2d2.2351295?hl=en&authuser=0

My understanding is raw material is NOT cheap. BUT high selling price and high demand there, especially from china. They can easily passing the cost to costumers since they are very cooperative through MACCMA. They adjusted selling price several times already since 2017.

BOXPAK is downstream player. Recently their QR showed they improved a lot though still in loss-making. It's very good sign for ORNA, MASTER and PPHB.
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=6297

Good articles to sharing from Lau333. This time really chun chun.

Lau333//Corrugated Packaging Industry: A New Dawn
https://klse.i3investor.com/blogs/20102017/147710.jsp

Lau333//Corrugated Packaging Industry: MUDA, BOXPAX, ORNA, PPHB & MASTER
http://klse.i3investor.com/blogs/20102017/148546.jsp

MUDA has benefited the most from lower OCC prices. Actually I'm not sure yet for downstream players. If one of them is doing good, I think others will follow.

I think we should stick to its raw material, Old Corrugated Containers (OCC) prices. If it goes down, it's very good for MUDA. If it goes up, nevermind. They can adjust selling prices and pass it to customers because high demand there.

I read their statement, looks like they adjust selling prices of corrugated box upwards again.

Just like upstream player in steel industry, ANNJOO, MASTEEL and SSTEEL. When upstream player in good performance, downstream player like AYS, LEONFB and CHOOBEE all will be very good too.

I think we should buy corrugated packaging stocks now. MUDA, ORNA, MASTER and PPHB among the best.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=3883

ORNA is located in Malacca town. Here also has a huge paper mill which named Lekok. I guess Lekok supplying raw materials to ORNA. Lekok also one of the substantial shareholders of ORNA.

MUDA - The only one upstream player. But cash flow so-so.
ORNA - The best among downstream players. Good management and good cash flow.
PPHB - Good profit margin but never pay dividend.
MASTER - Second best after ORNA. Their final quarter always the best.

Zzz...

You should point to that MASTEEL which pay you dividend less than 1sen. I guess dividend this year should range from 5sen to 10sen. They only started turnaround last year but immediate paid you 3sen dividend, good enough. But frankly speaking, they should do some corporate exercises. Bonus issue is the best one.

Just wait for quarterly report. It's useless to argue like this.

If SSTEEL management is smart, they should launch bonus issue plan.

It's good if SSTEEL management has any corporate exercise plans. PE so low BUT "looks more expensive" if compared to MASTEEL.

Whether revenue or profit, SSTEEL better than ANNJOO for previous two quarters.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5665
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=6556