Joyvest, what has current PE got to do with potential growth? Anyway, I illustrated 2 possible scenarios, one more conservative, one more aggressive. In the real world, probably the correct answer lies somewhere in between.
EPS 14sen is possible if july 110bil, aug 120bil and sept 130bil. Actually bursa is a very transparent company. Take their data and make your own calculations based on your assumptions

Prudent2, Q1 EPS = 8 sen
Q2= 10.7 sen
Q3 estimate=??
Q4 estimate=??

Historicaly, PE for Bursa has always been about 25-30. With breaking new record everyday, plus low interest rate environment and one of the safest business to invest in (impossible to lose money), should it warrant PE 30-35 perhaps?

Assuming Q3=12 sen and Q4=10.5sen (trading peak in this quarter and start to slow down by year end),
8+10.7+12+10.5=41.2sen.
PE 35= RM 14.42
PE 30= RM 12.36
PE 25= RM 10.30

Note that for the ONE MONTH of July... Bursa has pretty much equal trading value of Apr + May, not to mention Bursa takes a nice listing fee for new IPO, which we have now and didn't have before.

How about a scenario where the trading mania fueled by monetary policies and fiscal stimulus, loan moratorium and direct injection by the counter continues to soar?

Assuming Q3= 14sen, Q4= 16sen

8+10.7+14+16=48.7
PE35= RM 17.04
PE30=RM 14.61
PE25=RM 12.17

In the end, we all have to make reasonable assumptions on the business of bursa
1) Is the influx of newbie investors here to stay? Will they add more money in when they taste profits in this rebounding market?
2) will glove and tech stocks continue to be hot stocks? (note that whether they go up or down, bursa still takes a fee)

If you find your answer, you will have more confidence when you buy a stock. When it drops, you would buy more rather than get scared.

I hope this clears up some information for everyone here, and I hope everyone does their due diligence when investing. At the very least, you should know what you're buying into. Cheers. We're all here to make money.

hengsame, I'm not a sifu. I don't predict market prices, as these are volatile and depends on investor sentiments. All I can do is calculate company fundamentals and prospects and believe that in due time the price will match the fundamentals. Ups and downs are normal, although the heavy profit taking after results announced were quite surprising to me.

Still, it's above RM 10, which is higher than what it was just last week. I do think the trading volumes and value, as well as the slew of new IPO listings this quarter is quite encouraging. Personally I'm still holding on. If it retraces further, I'll add more.

Tuapuikia, please read in more depth for your understanding, and see that bursa has had a 1 for 2 bonus issue in 2018. Comparing apples to apples, the equivalent dividend for shareholders prior to 2018 is about 23sen.

Bursa QR out. Congratulations. EPS 10.7 sen, slightly below my estimate. A very commendable 86mil profit, and dividend announce 17.2 sen.

terence775 My estimate is about 90-95mil. More precise it's 93mil based on my estimated EPS 11.6sen. Another 2 weeks to go, I'm excited
15/07/2020 2:06 PM

Let's see how close I am when the QR announces later

CoolJay, please read Maquarie research on how to calculate warrants. Can't spoonfeed everything ;) remember to do your own due diligence.

Sunnyguy, thanks for sharing :)

newbieinshare, thanks for always sharing useful info :). May I know where you see FCPO contracts price?

CoolJay, based on the questions you ask, it seems you need to study more regarding structured warrants. My advise would be to limit yourself to buying the mother share only until you learn how to calculate the value of warrants.

To answer your question, "what is the price of the warrant if the mother share goes to 11.40?", here's the calculation

Exercise price 7.70. Ratio 9:1.
at RM 11.40, the warrant would be worth (in value) RM 0.41.

So you have to calculate yourself if C30 is worth it?

Sinoboy, structured call warrants cannot be converted to mother share. Warrants starting with C (call) and H (put) are issued by banks. W warrants are company warrants that can be converted to mother share at a certain ratio and exercise price.

C30 is a highly leveraged warrant right now. If you're not sure what you're doing, best to not touch it. C27 or C28 is a safer bet for newbies, otherwise you might get burnt and lose all your money.

Please be careful when playing with warrants, as the gains and losses are amplified equally. I recommend you study Macquarie Research articles on warrants first. Very informative. Otherwise you're just gambling.

Just joined. Let's ride on! FCPO going strong.

Market 40% retailers, 40% institutional, 20% foreign approximately.
However, K1 is ACE stock, so very likely there are very very few institutional players here. Main shareholders are the company directors.

I never sold a single share till now :). Neither do I goreng those speculative stocks. I did my due diligence, now just waiting for people to see. Even for Tek seng I had to wait about 2 months before getting rewarded. I don't mind waiting.

For me straits already +20%, as I my average price is about 0.14. I queue buy more at 0.16, but I have never sold a single share until now.

Anyway, BURSA trading volume and value looks like going to easily set a new record again. Will the trading frenzy continue through Q3? Very interesting! Perhaps RM 12 isn't so far fetch'd.

Super newbie. Definitely volume, but not sure if also value. You can check their AR

Rahman, 3/8/2020. you can check it yourself very easily.

super_newbie, it is confirmed that they derive revenue from ADV. How much, that is something we can estimate in. I am also in here albeit at a higher price, fingers crossed. But I'm still holding on.

Called it!

Jul 15, 2020 8:13 PM | Report Abuse

>>> Both Titan and I have given very good arguments why we think Bursa will perform very well. With a fair PE of 25, Bursa going above RM 10 not a crazy idea. In fact, I think Bursa can go to RM 12, but let's see the next quarter results first before I revise my calculations again.

Tp 27-32 let's go!

aiya, didn't manage to collect enough. nobody wanna sell to me at 1.75 :(

MQ research initiates coverage and sets TP of RM 10.00
https://www.malaysiawarrants.com.my/marketnews/highlight?cat=todayhighlight&id=6317

Congratulations to all holders, momentum of bursa still strong. Let's see if can reach RM 10 by end of the month QR release.

Collin, for BURSA if I'm not mistaken highest PE was around 35-40 kind of range. but historically the average PE has hovered around 25.

I'm not sure about GHL, but Revenue's machine is white, and at the corner of the screen there's the model A920

Congratulations everyone, breaks RM 9!!

Zhuge, so then please give a basis based on facts and figures, rather than conjecture and speculation. What TP (you mentioned 6?) and how did you come to that TP?

Do you honestly believe that trade volume and value would go back to 2019 level anytime soon? Did you know bursa had 3 record breaking months back to back last quarter? And July is already looking like it's gonna break record again?

In the end, we can all agree to disagree. But I wonder what your motivation to keep coming back here and writing whatever you wrote-- just to spite everyone here? Out of care and concern? Sold too early? Missed the boat? Hoping to bring the price down so you can enter at lower price?

Drink a cup of coffee, take a deep breath, and I hope you have a good day. We're all just trying to make money in the stock market after all, there's no need for your passive-aggressiveness.

0.165 again. oh well. time to queue more orders.

Another strong opening for Bursa today

We can only do good ourselves, what other people choose to do is their choice.

Haha Titan, knowledge should be shared :)

Zhuge, that is incorrect. The highest volumes are not from glove counters. For your benefit, please check bursa malaysia website, under securities, and then key indicators. you will understand better what I mean.

For the rest of us, congratulations, Bursa breaks new high again

Thanks for the 6sen dividend~

Zhuge_Lin, I think you don't see or haven't done your due diligence. It's ok to disagree, but there's no need to repeat yourself so many times. What are you trying to say? If you don't think bursa is worth investing in, why are you wasting your time here?

At least elaborate why you think we stand to lose 2.50? Otherwise all you're doing is throwing useless words without basis. Both Titan and I have given very good arguments why we think Bursa will perform very well. With a fair PE of 25, Bursa going above RM 10 not a crazy idea. In fact, I think Bursa can go to RM 12, but let's see the next quarter results first before I revise my calculations again.

>>>MichelleNg Why invest in knm? Just buy top 4 gloves will do. Knm not in trend now

Today explains why we don't "just buy top 4 gloves" and instead spend time to do our own due diligence :)

Hahaha, in the end it's just an estimation based on our own calculations and assumptions. Whether right or wrong, nobody knows until July 28. Q3 hard to predict now, but July seems like it's going to break another record.

My estimate is about 90-95mil. More precise it's 93mil based on my estimated EPS 11.6sen. Another 2 weeks to go, I'm excited

Congratulations, limit up

KLCI up only because of the glove stocks. Other KLCI components are sideways or dropping.

Good morning to everyone here.
Ron90, Straits is aggressively expanding. It's very rare for a company to expand their topline so much and maintain a high NP.

Hi KAQ, No I didn't refer to that report. Generally I don't trust those analysts, prefer to do my own study

KAQ, I just did some simple technical analysis ya. POS has broken out of a downtrend channel and is now in consolidation mode with support at 0.92 and resistance of 0.97. However, in the downtrend the traded volume is LOW, implying that majority not willing to sell at this price and still holding on to their shares (that's why now the price is yo-yo around the aforementioned range).

POS for now is still directionless, awaiting further signals or catalysts. If support 0.92 is broken, it may trend further down with next support at 0.85. Conversely, if resistance 0.97 (or psychological resistance 1.00) is broken, next resistance is 1.15.

IMO, the direction for POS will be largely dependent on next QR. You may monitor the trading volume to see when the volume starts picking up again. Personal belief is next QR is good for the following reasons:
1) increased price in mid-Feb 2020 by on average about 70-100% for parcels
2) crazy volume pickup from End march-May 2020 during MCO. Note that the majority of the volume goes to POS due to their large capacity. Newspapers suggests POS deals with upwards of 800k parcels a day.

Anyhow, please do your own due diligence and make your own study. I am personally invested in POS, this is not a buy/sell call.

Anyone know know how to report user "truly" for hate speech? You can complain about the company, but your racist remarks are uncalled for.

Hi Mabel, good to see you here. I am with you in many O&G stocks like KNM, Armada, Serba etc. Always good to read your explanations. Welcome aboard the Bursa ship!

Titan, yes my estimated QR EPS is 11.6 sen and expected dividend to be announced, assuming 80% payout ratio (officially 75%, but historically they usually give around 80%) is about 15.5sen.

Trading range increased to 180/185 now.

Titan, my full year estimation eps is 51 sen. PE20=RM 10.20
Let's see who's closer :)

Hi Jay, we meet here too. Managed to get any C47 at 0.025 again? :)

Red days are the best day to buy.
Buying on green days just FOMO chasing high. As long as the company has solid prospects and fundamentals, add more if it drops up to your risk limit.

Happy birthday da4444. you post at 11pm who going to see lah aduh. let's huat in pos together
added more at 0.935, very attractive price.