Hey guys, didnt expect FFHB to run up so much. I was preoccupied with CCB and wrote that article instead as I assumed FFHB would not run up so soon. However, at this point it is crucial to see if 90 sens hold. Once it turns to support then the next TP is RM1. I will try to write the article as soon as I can and publish. Thanks for the patience Good one dalpinia! Kudos to your confidence in the run up!

There is more upside to Poh Huat. Look to buy on weakness and hold till the next QR. You will be handsomely rewarded. Poh Huat will also be a full beneficiary of the Vietnam economy growth.

Gadang has broken RM2.30 for the first time. Back in October, I have called for the TP of RM2.40. It is fast approaching my initial TP. Clearly like all my fellow forumers have mentioned, this is likely due to the impending QR to be release sometime next week. Subject to the outcome of the QR, should the full year EPS can be 30 sens and above, I will likely revise my TP upwards. I am still holding in anticipation of the results. At current price of RM2.30, based on trailing EPS, it is only trading at 7x which below it's true value.

http://klse.i3investor.com/blogs/tradeview/85376.jsp

http://www.theedgemarkets.com/my/article/mercedes-not-raising-prices-now

This is indeed a good news and the news I have been most looking forward apart from the next QR. There are currently close to 1200 buyers for S400 hybrid on the waitlist for 2016 delivery and pending the confirmation of the government's approval for the extension of the tax exemption. These buyers have already paid their deposit. With this positive development, this further strengthens the case for CCB to deliver good results the S Class alone would contribute significantly to the bottom line.

I agree with Superman99, Murali and Icon8888. Sometimes logic and commen sense will get undermine but always maintain conviction. I did a simple revisit. There is nothing fancy except to add value to a superb analysis by Superman99. http://klse.i3investor.com/blogs/tradeview/89088.jsp

Do not hesitate to collect on weakness. Result astounding.

Any weakness offers opportunity to collect. I maintain buy with TP of RM6.60

One word : "Extraordinary"

Good continue to run. but dont run too fast. I will publish article on FFHB sometime Jan 2016. For now, please continue to accumulate on weakness and hold till next QR. At least that is what I will do for 2016. RM0.80 sens has form a support. Anything below is a buy.

Patience. today is 31st Dec, if you look at the trading volume you will know there is no substantial funds in the play. Accumulate on weakness is the way to play. I will collect.

Hi all. I have done the write up. My advise is to accumulate on weakness and hold patiently for the next QR which will coincide with the strongest quarter + it is a dividend quarter.
http://klse.i3investor.com/blogs/tradeview/88889.jsp

There is no doubt Apollo will move. Maintain hold with TP of RM6.60 based on PE 15x historical EPS. (conservative approach)

I concur with FayeTan analysis fully. My FV is RM6.60 based on PE 15x of trailing EPS of last 4 Quarters. This is not taking into account of the annual dividend payout as well as potential forward growth in EPS.

Totally agree with you. But you are even more bullish than me! thats good. I posted this as well awhile back. http://klse.i3investor.com/blogs/tradeview/85376.jsp

Well done amazing results. EPS increase from 6.01 sens to 12 sens. Cummulative trailing EPS for last 4 quarters is 44 sens. Applying a multiple of 15x, the FV should be RM6.60. However, this prudent calculation is based on historical valuation. Forward looking, you can choose to annualise the first 2 quarters by 4 quarters average to obtain a full year EPS at 50 sens. EIther way, the results is superb.

The momentum is back after the brief respite from year high of RM2.40. This is one of the few solid counters with export exposure that is still laggard in terms of fundamental value (below NTA of RM2.51 and PE less than 10). The closest peer CheeWah stands at multiple of 11-12x. I believe UPA is worth more based on its steady dividend policy year in year out. At multiple of 11x, the FV should be RM2.50 and at 12x FV should be RM2.70. My immediate TP is RM2.40. Accummulation has been ongoing and buy rate is strong past 2 weeks. I foresee this as one of the CNY play going into the next QR.

mild retracement is always healthy. Any weakness offers opp to buy in. Maintain positive outlook and hold till next QR. I will do a write up on this soon.

VT has been selling since last year. The share price and performance continue to rise. Your call.

I agree with CKlim and Rosmah. My own TP for Magni is RM5.40. Not a recommendation. Just highlightingto share. http://klse.i3investor.com/blogs/tradeview/88634.jsp

Well done Seanchin. Power of compounding. Will do a short write up on magni soon.

Well done Apollo. Good call by FayeTan and KCChongz. Looks like QR results will exceed expectation. Awaiting results.

bearbear11, you are actually misdirecting people here. Amanahraya did not keep disposing. Please refer to bursa announcement. The last disposal is November 13. Unless you have other information we are not privy too. Can you please elaborate? Failing which at least show some form of document to justify your claims? Thanks.

Thank you for pointing out oxxxyxxx. Lcng123 honest mistake as I the platform information I was looking at did not relect the bonus issue EPS. I am in no interests to mislead anyone. For clarification, the amended calculation. Record results. Current eps total for 2 Quarters amount to approx 22.86 sens. Taking a forward annualised earnings for 4Q amounts to 45.72 sens. At PE 10x, the FV is RM4.57. Taking the peer Prolexus current PE of 11.5x, the FV should be RM5.25. There is another 8 sens dividend declared plus it's forex translation will continue to improve profit margin for forward quarters. Conservative people can choose to apply 10-20% discount to FV for margin of safety. Once more, this is not a recommendation to buy. I dont want people like LCNG123 to accuse me of misleading people. Thanks.

Magni truly never disappoint. Record results. Current eps total for 2Q amount to approx 34 sens. Taking a forward annualised earnings for 4Q amounts to 68 sens. At PE 10x, the FV is RM6.80. To take a more conservative stance, apply a 20% discount, the FV should be approx RM5.40. Short term TP RM 5.40. There is another 8 sens dividend declared plus it's forex translation will continue to improve profit margin.

Analabs results out. Very good. EPS 6.39 sens for Q2. Based on current price, the trailing PE is 15x. If annualised the Q1 + Q2 (5.56+6.39) by 4Q, total EPS will be 23.9 sens for full year. Apply a conservative PE 12x, the FV would be RM2.87. I believe in Erkongseng brother's call. His track record has proven time and again. WIll look to enter first thing in the morning. Thanks.

The market is not inactive. In fact it is very active. Syndicate appear to be pushing up attractive valuation penny counters upwards to catch punters off guard. Emico is another one of the many victims. Do exercise caution in tracking the movement of small caps. FIFO is fine. But holding will result in getting trap.

There is no doubt the irrational market fail to take into account of the turnaround by TecGuan as well as the existing trailing PE of only ~8x. Taking a calculation of trailing PE is highly conservative. Taking only lesser revenue at surface value is premature. There is no knowing if the FCPO will rebound in 2016 but despite the lackluster palm oil price, it still sustain well shows the company is able to weather the storm. It is not a pure palm oil play as it has exposure to cocoa too. Additionally, TecGuan is an East Malaysia counter, with the Sarawak elections in 2016, all factors point to upwards movement to immediate TP of RM2.10 followed by RM2.40. Thanks.

Nice one ZaiZai. But relying on conservative trailing 4Q EPS of 21.71 sens applying a PE 10x, the FV should be RM 2.17 at least. Current NTA also increase to Rm2.06. Another good strong fundamental counter.

Its two method to this. Either historical or forward looking. Most analyst use forward looking and annualise it then apply a discount. But using trailing PE is safer as it take into account of past performance. Having said tt, even at trailing PE, currently is only 6-7x. Applying a prudent 8x, the fair value should be 52 sens. That will be my immediate TP.

Not a recommendation to buy, At your own risk. Be very careful. Fundamentally counter is sound.

If the support of 40 sens hold, I think there will only be more upside.

A very quick high level analysis. No time to do indepth study due to the burst upwards. Based on current price of 45 sens, the PE only 7x. NTA stands at 42 sens. If apply a trailing PE of 10, the FV should be 65 sens. Apply a 20% discount for uncertainties, first TP is 52 sens. At your own risk people.

Well done to all. Congratulations!

no doubt the move is unexpectedly explosive. I have to revised my TP of 48 sens to 60 sens sooner than expected.

I wouldnt have notice this counter if not for your highlight KoonBee. Good call. Will look to enter more upon retracement as I did not accumulate enough.

At this rate, it may hit 48 sens sooner than expected.

Considering to enter. Based on high level analysis, the numbers are impressive. The trailing PE based on current price of 43 sens past 4Q stands at x7. The EPS of 5.88 applying a multiple of 10 should give the FV of 58 sens. Should the company is able to sustain the performance for another quarter as stated in the report excerpt provided by ez6699, there should not be a problem moving towards 60 sens. Short term TP 48 sens based on a conservative discount of 20% to the FV of 60 sens.

interesting. Heard the same rumour.

Following the latest orderbook win by Gadang, their existing orderbook would exceed RM1B. There were concerns on Gadang ability to replenish their projects. I think this concern should be alleviated somehow with the latest win. Short term TP of RM2.40 intact. Will look to revise upwards pending the QR performance in January 2016.


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tradeview nice to see healthy discussion on Gadang. More discussion means good interests. I have been holding Gadang for a long time. I am sure many silent readers too. My previous posting here would cover most of the FA portion. I just would like to add that people should start viewing Gadang more of laggard play that has the potential to play catch up to Mitra. The only difference between Mitra and Gadang is the orderbook volume. However, while orderbook is extremely crucial to the share price movement to Construction counters, what most people fail to notice is the ability of Gadang to have solid cashflow and profit margin compared to many construction counters. I still hold firm to the believe it will hit my TP of RM2.40 in the short term. http://klse.i3investor.com/blogs/tradeview/85376.jsp
16/12/2015 23:04

Mun Hong, appreciate your comment. I note their past improvement in earnings. That is why I did mention TP of RM1.04. However, applying conservative standard, you must look beyond 4 -5 quarters. Prudent method would require to look at least beyond 10 quarters. Having said that, I think KH is performing well. If the next QR they can maintain the performance, RM1 is no issue at all.

Furniture counters run up is justified apart from theme play. Most QR has exceeded expectations. I believe Poh Huat will be able to maintain similarly stellar performance as the peers.

I like what I see from the QR. Continued increase in Revenue and steady increase in EPS. Based on current trailing EPS, PE at 10x the FV should be 69 sens. If you take 1st and 2nd Q, annualised it by 4Q at PE of 10x, the FV stands at RM1.04. However, due to the volatility in earnings, apply a 20% discount, which is conservative by any standards, TP of 80 sens should not be a problem. I have not taken any position. If tonight Fed's announcement is reflected positively, I will likely enter first thing in the morning.

nice to see healthy discussion on Gadang. More discussion means good interests. I have been holding Gadang for a long time. I am sure many silent readers too. My previous posting here would cover most of the FA portion. I just would like to add that people should start viewing Gadang more of laggard play that has the potential to play catch up to Mitra. The only difference between Mitra and Gadang is the orderbook volume. However, while orderbook is extremely crucial to the share price movement to Construction counters, what most people fail to notice is the ability of Gadang to have solid cashflow and profit margin compared to many construction counters. I still hold firm to the believe it will hit my TP of RM2.40 in the short term. http://klse.i3investor.com/blogs/tradeview/85376.jsp

great analysis by smartrader2020. I concur.

I will look to accumulate this counter for its dividend yield + capital gain play. Upon releasing the QR, it did not immediately fly. However, during small cap rally it shot up all the way to RM2.40 before retracing to a low of RM2.17. Retracement is healthy for counters to find support for new push upwards. However, more importantly, the ex date for div is 21 Dec which is less than 1 week to go. At current price, the DY is close to 4.5%. Comparable if not higher than FD. Fundamentally, the figures speaks for itself. In addition, the sector is in the right thematic play. If you foresee 2016, MYR will continue to weaken, it may be smart to enter at current price for the dividend and then hold to next QR for the capital gain play.

I buy the story by Icon and Kenneth Cheah.

I will look to collect back UPA for dividend play and QR4 results. YoY revenue growth, steady dividend payout of 8 sens amounting to 4%DY, export counter with forex gains resulting in improve margin. Most export counters be it rubber / glove / E&E / furniture has ran. No reason a stationary exporter that gives good annual dividend cannot fly. Only matter of time. Biggest issue is the lack of volume. Near term TP RM2.40.

The results is positive. 1st Q traditionally has been the weakest quarter for Kobay yet it significantly outperform QoQ.

I agree with Icon8888 findings. Even based on trailing EPS of of last 4Q of 14.3 at a PE of 10, the FV should be RM1.43. The counter went through volatility in earnings in the past but the last 2 QR shown solid increasing numbers. UPA which is to an extent in the similar sector has soared up a lot due to strong QR. I believe near term TP of 1.43 is attainable. I will look to buy in at RM1.10 to hold till next QR. If next QR report maintains the same number, long term TP is RM2 as per Icon8888 write up.

QR results was out yesterday. The results was good. Profit increased YoY. Q3 EPS is 1.35 vs -0.92 bringing 9 months EPS to 5.11 sens. At current price, the PE is 11x. However, if annualise 4Q and usually 4Q is quite solid for the company, the full year estimate would be 6.81 sens. So if you take a multiple of 10, the FV of the share should be 68 sens. This is a low volume counter with minimal activity. I previously bought into UPA for dividend play and solid NTA. Kialim has an NTA of RM1.35. As such, it fulfills my criteria of steady earnings / strong NTA / low PE and anticipate Q4 to deliver solid numbers. I will buy into Kialim at 58 sens to hold to the next QR.