Total shares: 707.952 million
Dividend: 1857 million
Dividend per share: RM 2.62

Hahaha :)

OPCOM is a horrible company to invest.
Both revenue and net profit drop significantly.

Calvin is promoting very hard to sell you his lousy OPCOM shares.

Don't be a fool.

I'm sorry I have no idea. Let's wait and see.

Not only his son but the chairman as well. I see this as a progress. They have been here for too long with little progress.

FACBInd has a new layout to its website: http://www.facbi.com/

So refreshing. Take a look.

RM149 million of cash - RM15.2 million of liabilities = RM134 million

Keeping in bank with a fixed rate of 3% will yield RM4 million of interest

Obviously someone as intelligent as Mr Chen will realize that the bedding business is a challenging one. Just look at its thin profit margin. I don't see why it plans to invest more into the bedding business.

FACBIND has been selling off many of its assets and converting them into cash. They have been paying off all their loans and liabilities. As of now, total liabilities is 15.2 million.

So what is FACBIND going to do with the RM149 million of cash?

They have two options:

[1] Invest in a new business that is more profitable, or

[2] Distribute as dividend

Thank you L.C Chong :)

According to the announcement on Bursa, the RNAV is RM1.47.

KHSB is using RM0.836 to buy net asset worth RM1.47.

That seems like a huge discount :(

"To me, if GO cannot go through, it is even better because the value of the land worth > 0.836 as stated in my previous post. According to my information, the value of land is equal to 2.00 per share i.e. 900 million net after deducting total liabilities."

Thank you Ooi, I think this makes a lot of sense.

KHSB has officially stated that the privatization price will be raised from 0.76 to 0.836. Check out their announcement in Bursa website.

This is a good opportunity to buy Homeritz.

Thanks for sharing. I'm very positive on Inari's growth.

Please be informed that:

the interim dividend declared should be "Tax Exempt Interim Dividend of 5 sen per ordinary share of RM1.00 each" instead of "Interim Dividend of 5 sen per share less 25% tax".

I hope not.

Wait for the last quarter before Magni jump to the sky because that is when the huge dividend will be given out.

Cost has gone up. We can only monitor to find out if it is a one off thing or a repeatable occurrence that might harm the business.

It is interesting to note that just 2 years back FAvco is making less than 10mil per quarter, now we are expecting nothing less than 20mil. :)

I believe they are working towards that. Let's observe and monitor their progress.

Dividend History:

2009: 4cents
2010: 5cents
2011: 6cents
2012: 8cents

Optimistically we predict dividend for 2013: 10cents

Dividend yield: 10/1.55 = 6.45%

Not bad what :)

2012 Net profit: 61.7mil
2011 Net profit: 47.6mil
Delta: +14.1mil, +29.6%

2012 is the first time that Favco achieve 10+ million for every quarter.

2012 Dividend: 8 cent
2011 Dividend: 6 cent
Delta: +2 cent, +33.3%

Dividend Yield: 8/1.55 = 5.16%

Favco at RM1.57 is a steal. Buy before q4 and dividend announcement.

Kumpulan Peransang, Kumpulan Hartanah and Kumpulan Darul Ehsan have the same directors -

YM Raja Haji Idris
Encik Suhaimi bin Kamaralzaman (Chairman of both KPS & KHSB)

This is a done deal in my opinion.

:)

KHSB is a lousy company but it has a lot of land assets.

KDEB's offer of RM193.46mil or 76 sen per share is dirt cheap when compared with KHSB's land in Pulau Indah.

KHSB has 1196 acres of land in Pulau Indah for development. The land alone is worth RM1.0 Million per acre.
Source here: http://www.theedgemalaysia.com/in-the-financial-daily/214257-khsb-earmarks-pulau-indah-land-for-rm8b-project.html

YM RAJA HAJI IDRIS BIN RAJA KAMARUDIN and EN. SUHAIMI BIN KAMARALZAMAN are board members of both KHSB and KDEB.

Please check who sits on the board of KDEB and KHSB :)

to mhafizan,
thanks for sharing. rm3.80? my goodness!
please take note of its dividend payout date. ;)

to unknown,
enjoy your work and have lots of fun too! :)

Hi 1901,
I'm not familiar with 0011,0112 and 0126.
Sorry could not help you.
Regards.

,,,,,,,,,,,,,,,,2009,,,,2010,,,,2011,,,,2012
FCF,,,,,,,,,,,,,,29.1,,,55.6,,,,-47.7,,,-22.7
Dividend Paid,,,,7.2,,,,6,,,,,,,12.1,,,,10.5
Long-Term Debt,,,48.7,,,78.7,,,,,153.2,,,182.7
ST Borrowings,,,,34.2,,,18.0,,,,,16.9,,,,17.9

Regarding Wing Tai, here is my worthless 2 cents (please take it with a pitch of salt):

2009 2010 2011 2012
FCF 29.1 55.6 -47.7 -22.7
Dividend Paid 7.2 6 12.1 10.5
Long-Term Debt 48.7 78.7 153.2 182.7
ST Borrowings 34.2 18.0 16.9 17.9

Looking at the FCF, it is no surprise that Wing Tai's debt is increasing every year.

Please don't take my comment too seriously. Do your own investigation and make your own decision.

Hi unknown,
I'm no expert so I dare not make any comment about your method.
It will be like a blind man leading another blind man.
Regards.

Hi unknown,

May I know why you give a 33% discount to the intrinsic value?

Thanks.

Thanks for sharing. :)

To passerby: Thanks!

Balance Sheet:

Fixed Asset: 82.6M

Current Asset:
Inventories: 55.4M
Receivables: 78.2M
Fixed Deposits: 57.5M
Cash: 3.3M
Total Current Asset: 196.8M

Non Current Liability: 7.6M

Current Liability:
Payables: 62.3M
Tax Payables: 4.6M
Dividend Payable: 9.8M
Total Current Liability: 76.6M

Equity: 195.2M
No. of share: 108.5M
NTA: RM1.80


1. How much cash this company has? 57.5+3.3 = 60.8M
2. How much long&short term loan this company has? = 0
3. What makes the huge portion of this company's liabity? = Payables to suppliers and employees.
4. What is the NTA? RM1.80. Price/NTA = 1.50/1.80 = 0.83 with a discount of 17%.

How do I do that?
This forum is pretty new to me so I'm not too sure how to do a search.

Current Ratio: Current Asset / Current Liability
Current Ratio: 196.8/76.6 = 2.57

Quick Ratio: (Current Asset - Inventory) / Current Liability
Quick Ratio: (196.8-55.4)/76.6 = 1.85

Balance Sheet:

Fixed Asset: 82.6M

Current Asset:
Inventories: 55.4M
Receivables: 78.2M
Fixed Deposits: 57.5M
Cash: 3.3M
Total Current Asset: 196.8M

Non Current Liability: 7.6M

Current Liability:
Payables: 62.3M
Tax Payables: 4.6M
Dividend Payable: 9.8M
Total Current Liability: 76.6M

Equity: 195.2M
No. of share: 108.5M
NTA: RM1.80

To mhafizan,

Can you share with me your valuation method and results once you are done?

It is still amazingly undervalued. Dont worry.

Thanks.

I made a mistake in stating that the cash that Magni has is 40.4M.

The actual cash that Magni TEch has is 60.8M.

Magni Tech Historical ROE (Return on Equity)

2007: 3.76%
2008: 7.91%
2009: 9.75%
2010: 11.22%
2011: 10.96%
2012: 16.55%

Thanks for the kind welcome.

If you find any good stocks to invest please share with me.

We can do some studies on it before investing.

Yes it is true that this company is connected to Vincent Tan.

However its business has nothing to do with current, past or future government.

Even if PR win, Nike will not tell Magni that they will not do business with them. Nike just don't care if BN or PR win the GE.

Magni's business is export oriented.

See here:

http://www.cottonusasupplychain.com/member-mills?millid=258

Magni is a cash cow and that is a fact.

Do your OWN study and make your OWN conclusion.

To Fat Cat Tim Buddy,

You should invest in a company based on your own study and not based on my convincing.

You have to wait until 30-June to be fully convinced.

Nope. This is the first time I post in i3investor.

There is nothing to hide lah.

If it's black I say black if it's white I say white.

My fair value for Magni Tech is RM3.10 :)

The right number to call is this:

South Island Garment Sdn Bhd
04-390 7612

What is so hard about doing that?

Just press a few numbers and talk to them.

They also don't know you.

But not many people know what they do.

I call up Magni and found that they make sports attire for Nike.