Understood :)
We are in the same boat, and I believe Armada is a stock that will let us 'huat' together in 2019/20.

Posted by Icon8888 > Jul 4, 2019 12:28 PM | Report Abuse

all I am saying is that I don't mind a rights

Although some argue Armada may do right issue and it could be a good thing, I personally don't think Armada will carry out right issue in short term because :
I) At current low price, it is not feasible to do right issue.
ii) The management repeatedly mentioned they are not considering right issue now. In order to strengthen their balance sheet, their strategy is to re-structure short-term debt (done), and sell the idle vessels (on-going).

The main problem for Armada's depressed stock price is the loss of market's confident. I suppose the only way for Armada to regain that confidence is to show positive earnings in next few quarters.
I am not certain if next Q's earnings can be positive, but I can see that Armada is on track for recovery. It's stock price will follow in tandem sooner or later.

The Jan-Mar'19 quarterly result showed Armada turned around from loss to profitability. But, it's stock price remains depressed. And, people still talking about the potential of right issue when it secured new FPSO project, albeit management has repeatedly mentioned Armada not considering right issue exercise.

Armada carries #1 weightage in my portfolio now. I have accumulated enough.
It's stock price came down since last 2H2018 due to people worried about its balance sheet, and some even said it would go to PN17.
Presently, the short term debt problem has gone away but it's stock price remains depressed. Isn't this a perfect opportunity to buy ?

Tashin is a profitable business unit for Prestar. When Tashin is disposed and listed in ACE market, Prestar's group revenue will be much reduced, albeit Prestar can use the money raised from IPO to pare down its debt and reduce its finance cost.
I view the listing of Tashin is no good for Prestar as a whole..

I am not saying IQ will end up like Karex, but the principle is we need to watch out when a company decides to develop its own brand, after being a OEM/ODM manufacturer for some times. It can be a make or break situation.

U guys can refer to Karex when it decided to have its own brand of condom, its sales from other customer decreased, and its marketing expenses for its own brand products increased. Resulting, decreasing earnings..

EWInt is selling cheap now, if based on its asset value and future earning potential.
But, it also has a negative point, that is UK's property price has been declining due to the unresolved Brexit issue. We can only have more clarity on Brexit after end Oct'19.

The below info I extracted from the last quarterly report. It sounds like the coming Feb-Apr'19 earnings result will not be very positive. The investor needs to wait for the May-July'19 earnings result to see better earnings (to be published in Sept'19) :

- London City Island is expected to hand over units in its remaining residential blocks starting mid-FY2019 (May'19 onwards) while Embassy
Gardens is expected to deliver Block A05 in 2H FY19 (May'19 - Oct'19). This means we should see higher earnings from Q3FY19 onwards (May'19 onwards).

The analysts came back from management briefing and they then either maintain or downgrade their target prices...

Very interesting and independent insights from Mike Kim.

Calvin, thanks.
I am not the shareholder yet, am considering Uzma.

Calvin, from where we can see evidence for your statement below :

"According to Uzma spokesman Mr Bong the job is dependent not by job completion but by time given for each job"

Bad result u complained. Good result u are also complaining..

Good result but...its WA and LA are to expire in Sept'19 and Oct'19 and that will dilute its EPS quite significantly. This is a negative point needs to take notice. Otherwise, TGuan is really a buy at current price and earnings power.
Its F&B segment has turned loss to gain in this quarter. I suppose its restaurant operation has stopped bleeding.

My advise to Icon8888 and Philips :
Quarrel can blur one's mind. Investor should stands at balanced view, i.e. the happy medium, in order to make a wise judgement and decision. Quarrel can sway a person's thinking to one side, i.e. either over-pessimism or over-optimism, because the person in dispute would want to win the dispute and think/talk only the positive or negative point about the stock.

FIHB's Q1 to Q3 FY19 earnings have been consistently good.
If given PE=8x to 10x, its fair value would be 58sen to 72.5sen per share. The upside is attractive.

Net profit improved 164% YoY !
Great result.

The debt concern is settled. Armada has turned from loss to profit. All bad things have passed. What else people can worry about Armada ?

Market people don't rush-in to buy Armada now because there were too many one-day show for Armada's stock price in the past. Once people realise how undervalued Armada is now, they will rush-in to buy.

Armada's this quarter profit is core profit without one-off gain or loss. I foresee its subsequent quarters' earnings will also be on par with this quarter's.
With 1.06sen per quarter, its one year earnings can be >4sen. If given PE=10 (considered conservative for O&G company), its fair value would be at least 40sen per share. This provide the upside of >100% from 19.5sen now !

In Q4FY18 quarterly report, the management already claimed 2019 will see significant improvement in earnings. This Q1 FY19 earnings result proved the management's claim.

In 2018 annual report, the management already claimed MFlour will see significant improvement in 2019 compared to 2018. The 1Q 2019 earnings result showed the management's claim is happening.

Hope it can again cross 80sen next week, before moving up further.
It is the trade war tension that pulling the upward momentum of MFlour's stock price.

Not true. MFlour's stock price crossed 80sen per share in early April this year.

Great result. Earnings improved both QoQ and YoY.
If we are not in trade war tension, MFlour should worth RM1 per share.

Already warned u guys to sell last week. But frankly, I do not expect it makes loss, I thought its profit would only be much reduced.

Perdana's loss would impact Dayang's earnings. The low vessel utilisation rate for Perdana in Jan-Mar'19 quarter also means less jobs carried out by Dayang in Jan-Mar'19 period.
U should be able to guess Dayang's upcoming quarterly results should also be bad.
Sell before it is too late, before the announcement of the quarterly results.

Collapsing..

The coming Q1FY19 earnings should be very poor. The management has hinted in 2018 annual report that the sales of semiconductor equipment will reach its low point in Q1FY19 due to cyclical factor and on-going trade war has caused their customers to on-hold their capex plan.

The last article came out from KYY is to ask u to buy his Dayang's stock that he want to unload.
If u believe his article, buy from him Dayang's stock next week.
When he finishes unloading, he will come out another article ask u to sell, so that he can buy back at much cheaper price from u.

Just look at PEnergy's latest quarterly earnings, if Dayang's earnings is not satisfactory in coming announcement + right issues just announced. U can imagine how far Dayang's stock price can fall from here.
Sell first and buy back later at much cheaper price.

Right issues is surely a bad news, don't be fooled to hold or buy.
The sooner u sell, the lower your lost is.
Just refer to previous examples, u would know if right issues is good or bad for stock price.

Impacted by forex loss. In next quarter, we may see forex gain because USD has strengthened from Apr19 till now.

Eversendai is not a great company, but I agree with author that it is selling at "great" depressed price now.

The article came from Chinese writer, we must ask how true the contents are ? The official drafted agreement didn't really disclose to public.
Assume the contents above are genuine, then it is really unfair to China and this trade war will never reach an agreement if US insists all the above to be followed strictly.

My stand is not to buy stock today. Keep cash and see how. There will be a huge downside risk if the tariff hike happens tonight. There will also be a huge upside risk if the deal can be concluded tonight. Other possibility is the hike is on hold and new near-term deadline is set. For this scenario, I suppose stock market will be slightly positive then.

Both want the deal very much, it is just both not satisfy with the conditions of the deal for now.

I think Xi will make phone call to Trump and on hold the tariff hike planned on Fri. There is not enough time to reach a final agreement by end of Friday. Thus, on hold the hike and set a near-term deadline to conclude the deal. For that to happen, China must make some promises to US.

In fact, in last quarterly report and recent annual report, the management already warned bad quarters in 1H 2019. U all can check out the reports in Bursa. The AGM this morning just re-confirmed this fact.

Only a small portion of people know the coming bad results today. When the quarterly result comes out tonight, all people will know and more selling will come tomorrow.

When bad quarterly result comes out tonight, its stock price may come down further in early morning tomorrow. Save some bullets to buy tomorrow at cheaper price.

The Executive Director said on 2nd May that the better eggs price will be reflected in Jan-Mar'19 quarterly result and in the subsequent quarters in FY2020 (starts in Apr'19). I suppose he already knew Jan-Mar'19 quarterly result when he told so to The Edge. I suppose his info should be trustworth..i opt to believe in him.
Let's see the quarterly result by end May'19.

When the PChem's Rapid Complex commence operation in 2H 2019, the supply will increase further, and the profit margin of LCTitan will be narrowed further.
In short term (at least till end 2019), the prospect of LCTitan looks bad. This is not what I say, u all can refer to its recent quarterly report to verify yourself.
All in, it is not yet time to collect LCTitan, its stock price still has downside.

Finally, Armada's day came. I have been waiting today for months while watching other O&G stocks keep soaring and Armada was left behind.
Do not sell. Do not move a finger. Armada has a long way to shoot up. It's stock price was so beaten down due to its debt issue and people worried about right issue. Now, the main problem is resolved, and more good news to come to boost up Armada's stock price.
I say again, don't sell at current price. Today is just the beginning. It still has long way to go up :)

Target price = >80sen per share.

Ekovest's EPS in last Q1 & Q2 FY19 was 2.05sen. If annualise, I get 8.2sen per year. If give 10x multiple, the fair value is 82sen per share.

Even without the potential HSR revival, Ekovest's past 2 quarters' earning power also qualifies it to have target price at 82sen. The upside from 60+sen now is still big.

WoW. Huat-liao. HSR is potential to revive just like ECRL.
HSR should revive-lar as Malaysia can avoid paying huge compensation. The project is beneficial to Malaysia and PH knows that. Its just they want the costs to be lowered.

Nadi's didn't perform well in FY2018. The earnings in FY18 was actually the lowest in past 5 years.
At 28sen per share, its current PE is merely 5.4x. What if its earnings improve in FY19 and market gives higher PE multiple to Nadi, its stock price will sky-rocket.
--> Buy some.