The manufacturing of Tester, instruments, sensors and others will remain in PMB. This is booming business for the next couple of years at least. Malaysia market is familiar with this business and value the pure player such as Vitrox at more than 20X PE.

As the service is provided to many different industries, so this is not a cyclical business. What PE will HK market give to a non cyclical high growth services business? Some of the similar players in HK and Taiwan is traded at 30 to 50 times!

First, split out Ind Auto Services from manufacturing. List the Services where the major markets are. As this Services Business is small, the growth rate will be fast in a huge market like China.

I have no insider information. Putting on my investment banker's hat. This is what i will do to maximize value:

The downward trend will continue for a while until the insiders stop selling. This company has all that required to become a large infrastructure player in this country. The insiders must demonstrate their long term commitment to the company. Not by talking, action is required. Asking the public to buy while they are selling is immoral, why so mean if you are already so rich?

Disclaimer: i am only right 50% of the time

any major correction will be buy for me. then wait for easy gain on the release of next quarter report

if you look at Nasdaq 1, 2 or 3 years charts, you will need a very powerful microscope to see the dip

Nasdaq had a correction of one over percent

people still reaf the star? seriously?

I have to admit that i have never see the plantation proposal from the angle of intentional fraud. Now that you mentioned it, it do seem plausible. Hard to imagine that Tan Sri will take the risk for such small amounts of money. He just has to announce some dividends and he will make many times that amount, both from dividends income and capital gain.

You might want to forward the complaints with SC to KPMG International HQ. They typically commenced in house investigation immediately.
https://home.kpmg.com/xx/en/home/misc/international-hotline.html

Selective capital return will be a dream come true for value investors. I will definitely support it if this option is on the table.

Puncak might not be the best choice for long term investment. Not sure if the management care about ROE. Growth is still unpredictable as no core business yet. But if you are a believer of Deep Value Investing, even the most lousy company can be a good buy at low enough price. Just make sure we sell when it's closed to valuation.

Investing long term can be very profitable. Look for company with higher barriers of entries, high ROE and good management. In the long term, the return will most likely mirror the ROE.

You are very passionate with your investment and brave to stand up for you right. I wish you will be the example for other young and educated investors.

Probability of upside? Very high and easy to do as a lot of value is hidden in the book. The key is when Mr Rozali want to move the price?

What is the probability of downside? Should be quite small in my humble opinion. Puncak has got more shocking bad news in one year than most company have in a lifetime

What is the downside? Very limited. What is the upside? Quite substantial

Sometimes end up as value trap

Puncak is a classic cigar butt play

Thanks to Kahhoeng perseverance that Puncak now substantially reduced the proposed purchase price of the plantations. Still a bad deal but at least less bad. The Triplc deal will return Puncak to profitability as the construction profits is quite substantial. Maintenance profits is small but good cash flow.

Magni inventory turnover is a lot shorter than 90 days. Looking at Q3 inventory level, it is a given than Q4 will show minimum 10% YOY growth. The key here is how much the year end dividend will be increased YOY. I will be greatly disappointed if dividend growth less than 10%

Penang CM is heading the board. i like the idea that I have supported his struggle in a small way.

another position that Dr take is PBA. This is definitely my favorite company. The kind that I can just buy and collect dividend forever. Till the day Penang no longer use water

Invent in Magni is simple, just keep an eye on Dr Neoh. I jumped in when i noticed he was buying. Didn't see him selling any share. Why worry? In fact, he was recommending it just couple of weeks ago in a coffee shop.

Will the company continue to grow for the coming quarter? Yes, strong growth in fact. Q4? Yes, orders are growing. 2018? Yes. How about 2019, 2020 and beyond? I am not smart enough to see that far. Your guess is as good as mine.

Started with Penta about 2 years ago. When the share price cross $1.50, i was really tempted. The i read Fong Siling latest book. 没成长，不要买。有成长，不要卖。So i get drunk on diet coke, brave myself and hold on.

I have been holding IQ for the past 3 years. The company management is top notch as mentioned in your report. Do what they said and executed business plan well. I intended to hold this for long term. This is one of the 3 tech companies that i think the management are first class. The other two are Penta and Vitrox.

Anyone attended the AGM. Appreciate if you could share key findings from the meeting.

Me? I always follow icon888 recommendations. Buy! I am. For short term trade.

I have met many retiree in many AGM. They follow i3 too! Some of them r new to investment and might not be able to differentiate short term and long term investment recommendations.

For those retirees who invest long term for retirement incomes, i hope i have done my part stating the obvious risk. I am sure the fellow bloggers will tembak me.

For trader, buy, profit jump, share price jump, sell and enjoy the profit.

Careplus set up is definitely unsual but could be necessary to do business in some countries. Malaysia has bumi shareholding requirements for some sectors too. Stockmanmy did raise a valid concern. this set up allow the company a lot of flexibility to increase revenue and profit very much and very fast, for a while at least.

personally I prefer capital gain than dividend. no point paying more tax to abang najib

they r considering bonus issue

Management think that the share price increase will be better than dividend

Management said they prefer to grow the business without borrowing

a well respected shareholder raised that question

Please bear in mind that nobody is smarter than the market. Stay humble and trade with caution. No free lunch out there

And yoy. Fy2017 will be better than fy2016. Management is confident that performance improvement will continue into fy2018

i have no idea whether the share price will go north or south. Q2 results seem certain to increase significantly qtq

drove north to Penang this morning to attend the AGM. then back to KL again. busy placing order while driving. thank my guardian angel for returning home safely

Kahhoeng has put up a good fight during the AGM. Plantation acquisition is earning negative for at least next 5 years, Triplc construction and maintenance is earning positive from day one. Net net, Puncak return to black after acquisition. Unless more shocks from existing business

cash flow and cash holding increased seem inline with P

He talked about the rosy future of Cosway expanding in China and Korea....today Cosway is not even doing business there.

Sensible analysis from Kahhoeng, thank you. If i may add, the second concession come with low cost financing in place, the construction period will not drain the cash holding of Puncak. Plenty of bullets left for other concession. Kelantan water privatization?