Agree with Yoda88. It breached RM0.45 and hit a high of RM0.455, but take note tomorrow will have heavy selling as it is T-3 from the break out day. Contra players be careful. Still reiterate the TP RM0.54. mid term.

You all are right. A huge disappointment. Instead of rewarding shareholders, they fail to utilise a portion of their huge profits from the proceeds of sale to take care of interests of shareholders. Very disapppointing indeed. There is also no support of the mother share by the company.

Tarita, if you chose to take profit good for you. However, patience is the key to LCTH. At the end of the half day session, the volume picked up and it is now challenging RM0.445. Maybe you can look to collect at weakness.

I cannot guarantee it will breach RM 0.445 as there is selling pressure however, if you are prepared to hold and not contra, RM0.445 will be breached in a matter of time as it hit RM0.45 prior. My mid term TP is still RM0.54.

Thanks Tony. Most people overlook that. Having said that, if the volume sustains and do not close below RM1.08 today, there is a good chance it will breach RM1.10 to reach RM1.15 in the next week or so. Please note this is not a recommendation to contra. Thanks.

It hit TP of RM1.10 as I said earlier. However, the resistance at RM1.10 is strong. This will lead to natural profit taking. PE is one of the many barometers to gauge the strength of a stock. Most importantly, is there strong cashflow and growth trajectory. How is the gearing? What is the CAGR or EBITDA? Taking all this into account, then make your decision based on your own comfort level. If you are satisfied with RM1.10, take profit. If you believe it can move further, TP of RM1.30 is mid term target. Thanks.

Just to clarify, my TP is not only RM1.10. meant the immediate TP is RM 1.10 which I believe based on the surge in buying volume yesterday, it will breach RM1.10 today. My realistic TP for mid term is RM1.30. Thanks.

I think mid term TP of RM0.54 is reasonable based on historical PE of 15. I would like to see the next q's result to determine the forward earning. Again, would like reiterate this is not a fast money counter. Not for contra.

I cant say for certainty how many days if not I would be a millioanire. However, based on the surge in volume I think it will break out in the next 1-2 weeks. After all, the PE at current price of RM1.4 is x 5 only.

I am not sure if it is under accummulation yet but I can see the volume sustained despite it being T+3. Buy on weakness. Dufu has more legs. Slight profit taking is healthy.

Patience. Consistent huge volume is always better than sporadic. There is a very strong buying interests since the past few days. I think it is a matter of time. Construction counters, apart from Gadang, Mitra, this is the one of the bright sparks. Hold if have spare cash.

Profit taking thats all. This counter has legs and I believe it will breach RM1.1 tomorrow if the market condition is rangebound and no immediate correction to profit take post window dressing.

nemesis thank you for the alert. Understand your kind intent. But I too agree with with Erkongseng that LCTH is fundamentally strong if you do industry peer vs peer comparison. Of course applying PE 17 is high (taking into account of forward earning) but if we take PE 15 for historical EPS comparison, it is safe to say LCTH can breach RM0.50 easily. I also followed Erkongseng calls many times such as BCB, Teoseng and others. All hit his TP.

I think there is no problem with hitting RM1.60. Earlier on I mentioned the FV at 8x = RM1.52 and 10x = RM 1.92. I will collect more on weakness. Good luck all!

Look to the FA as a guide if uncertain. TA is important but FA is the one that will convince you when you are uncertain. I have recommended to buy HoHup when it was falling and there were negativity. You can check my comments. RM1.40 is still a good entry price. But must be ready to hold for mid term and you will be rewarded. No contra.

Very appreciative of your good sharing. Thank you. I do agree the sudden movement upwards seem to be very abrupt and unless there is something up, it would not jump so drastically. Lets continue updating. Either way, so long as IPMUDA moves all of us can rejoice. Of course the faster the better!

Hi riskabsorber. I appreciate your feedback but I am familiar with the process on any form of corporate exercise. I am not talking about that. What I meant is whether declaration of dividend is so soon because what I heard was totally different. Additionally, IPMUDA FA is solid, the movement upwards may be due to the fact the martket is moving, so IPMUDA low PE is simply adjusting in tandem. Just double checking the facts thanks.

riskabsorber u sure so soon? I heard June.

resistance of RM2.8 is broken. If volume follows it will rebound to RM2.9.

MYEG is as a good as a monopoly. once they sort out the implementation issues involving the interests of all stakeholders, there is no doubt it will be one of the few stars KLCI. Rebound would be imminent.

Thanks OTB for your pointers on this stock and many others. Your previous calls I missed but I have been in and out VS several times. I did the FA calculation myself and agree with you fully. This is the kind of counters we should be looking at in times of volatility and uncertainty.

Agree. If it falls lower also can acquire. Fundmentally sound. No worries and acquire if have spare cash.

MAA is solid no doubt about it. Cash rich company after diposing insurance business due to compliance with BNM regulation. Matter of time it will come up with new business plan for the company. Patience is key to this counter. At least MAA provides good dividend yield (6%) annually.

RIsk absorber do you have a TP in mind for this counter?

Gadang is strong no matter how you look at it. Fundamentals speaks for itself. I have been holding Gadang for a long time and although the share price movement does not reflect its true instrinsic value, I am certain it will move up eventually. Good to hold for mid term. 1st TP price of 1.96 still intact.

Anyhow, this counter is severely undervalued and once they make acquistion of the right business in the appropriate sector moving forward, the share price will shoot all the way up. Whoever has the funds to hold can hold.

I am not asking MPHB to distrubute RM300 million in cash but utilise some amount of proceeds to reward shareholders and the rest use to acquire new business or investment. Like how Jobstreet, Abric etc has done. Once call option is executed, put option requirement cease to be effective. So the RM300 million is not trap till 2019 as you stated. If RM300 over million is stuck, MPHB will not have any funds to acquire new businesses and definitely will fall into PN17. So this statement is inaccurate.

Agree with ImCK. Insas has their own shareholders to answer to. They would not consistently make acquisition in a non-performing entity unless they are sure the returns would allow them to book in profit for the financial year. Even if the price continues to drop, it would only offer more value on the table as the revenue stream for HoHup in the next few years is secured.Less said the better. Time will tell just as I have proven my calls with Mitra.

I have researched and followed this counter. The directors have been acquiring mother. They only dispose warrant. Which means there is value to the mother. Possibly dividend, bonus or corporate exercise. Even without those, the fundamental is sound. With fixed revenue stream from their JV with malton for absolutely no cost apart from providing land and their sold out Aurora Sovo, the current PE of less than 5 shows how severely undervalue this counter is. Recommendation is to buy and hold mid term. 1st TP 1.80.

If the company has good profit but did not declare dividend twice, realise substantial premium from the sale of a core business, has assets which are undervalue, there is no reason for it to be performing as such. Its intrinsic fair value should be at least RM3 but the current share price is far from it. The management should make a stand if they are going to distribute the proceeds back to shareholders.

The movement of MPHB is highly disappointing. It was UOB top pick for 2014, the fundamental value is intact plus large sum of cash. There is no reason for the price to be worst of then it was prior the corporate exercise. There is no logic here.

its happening soon. EGM 25th for approval of sale and option. Lets see what will happen.

Agree with riskabsorber. Patience is the key to this counter.

I am certain it the corporate exercise wont take years. Simply because their revenue and profit has doubled in the past year. To ensure sustainability of the share price, they will need to propose the exercise sooner than later.

extremely solid counter with great exposure in Sungai Long. Value investors should consider this counter. While volume maybe small, the steady growth and profit every year will be a safe haven investment in volatile market.

With such sterling result, I expected it to shoot straight up but it did not. So looks like it will be a mid term hold. Just as when I called out Mitra at RM1, it was stagnant for 1.5 months before it flew straight up to RM1.70. I will look to collect more on weakness.

The volume is low due to the share float. Usually institutional investors will not enter under such circumstances. But just like Uzma, counters which has good profit year in year out, sooner or later they will propose share split and bonus issue to enlarge the shares. Dividend or not is not an issue with such counters as capital gain will offset the lack of dividend.

There is no reason the price cant go up because its NTA is RM2.27 and the the PE is only 6.6x. Its FV at 8x = RM1.52 and 10x = RM 1.92. Previously when I called out Mitra at RM1 was also based on the fundamental value. This is a solid counter with upside of at least 30%.

Full year EPS 19.2. At current price of 1.28, the PE ratio is only 6.6x.

R1 - 0.99, R2 - 1.05, immediate TP 1.1

finally flying...

This stock is fundamentally sound. With an additional 200 million to its existing 1.6 billion orderbook, there is substantial upside. Construction sector relies heavily on progress billing as recurring income. Slowing property sector will not impact this counter siginificantly as its revenue stream is secured for the next 2-3 years due to the govt projects. TP RM 1.50 should not be a problem mid term.

There is positive upward movement and collection volume...

significantly undervalued counter which is fundamentally sound with ongoing corporate exercise. It is only a matter of time.

good counter to enter in this equity climate

Fundamentally sound. However mkt sentiment not favourable. Still can hold for mid term view.

Something is brewing. Mkt horrible but price went up with strong buying volume.

This is what I have been told. As you can see from earlier comments, this counter is definitely in the money based on the valuation of the sale. The problem is the details of the deal have not been made public because the signing has not been done.

heard signing soon..

this is true. TP RM2.80 is not inclusive of johor land court appeal and pending land deals. TP2.8 is based on the valuation of MPIB business and its divestment. With price to book value ratio of 2.4-2.5x, TP is easily attainable.