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2019-04-09 17:29 | Report Abuse
If at this price LKW wants to convene an EGM to kick out the old folks, I think he need not bother. Becos shareholders will kick his butt out for causing turmoil and unease until price goes to 25 sen. I dont think LKW's purchase is anything under 28 sen.
Lets see how feihai fatfish operates as the market maker this time around.
2019-03-24 13:01 | Report Abuse
Just becos of one season of sterling performance, soothsayers extrapolate to above RM2. Naysayers say about RM 1.20 something. This is just a contrasting statement. Can we just not leave it just as it is.
I would think that many people will be grateful if few IB;s were to come forward and address the hocus pocus when Heng Yuan was at RGT 10 before climbing up further. Losses might have been mitigated. In this respect, I wanna write to SC to open a case against the IB's for alleged negligence in doing their job to protect the general investment fraternity. Hmm.
2019-03-24 12:47 | Report Abuse
Dayang owned by a stock god. If something goes amiss, SC must take action. If not then PM Mahathir must offer recourse. If no action still, then it will be brought before DOJ in US, and if no action still it will be taken to international business court in Brussels. If no further action, then try Donald Trump. Perhaps he can help by asking either JP morgan or Morgan stanley to buy and rectify the situation.
Come on get real, is the stock god really in desperation? Surely, he is over extended in maturity and being a seasoned player knows the reality that rules does not create a PERFECT fair and just trading grounds in the market.
So to prove IB's so call function as malicious, based on intention? There are about 3000 over listed companies in bursa. All at some time or rather covered by comments by IB's. Averagely, it takes SC about 10 years in court proceedings to nail a wrongdoer. Taking precedence into consideration, all 3000 companies might stand on the same IB wrong doing platform as Dayang. Based on 2 cases handled per day, the probability of obtaining judgement for IB's malpractice on Dayang would be between 10-15 years.
You sure you wanna be Warren Buffet and want to hold onto DAYANG that long?
2018-10-07 10:55 | Report Abuse
Pending that from now to end November, about 35 trading days, if armageddon or world war or global earthquake are spared from occurring, the price shall be between 1,50 to 1.70 b4 1st Q 2019 financial result. What ever will happen on Monday or even if donald trump with his tantrums wants to shout here and there, or even exhibit his masculinity to display b4 Presiden Xi of China, Hibiscus will surpass RM 2 B4 Q4 2019.
Under current and prospective corporate performance for those with oilfields and listed at Bursa, who is a more perfect barometer for the crude index if it is not Hibiscus?
Saprng? plagued with problems. If rights issue are on, it will be the biggest NOSH (number of shares outstanding) at Bursa. Can't imagine the size of business that they can garner to be sustainable.
Sumatec and Reach? To me, only big time story tellers.
Kah..kah..kah. Just my 2 sens worth on a sunday morning.
2018-09-06 20:30 | Report Abuse
monday 10th and teusday 11th bursa close.
2018-08-31 15:07 | Report Abuse
Again, not forgetting that O&G is very important and prominent in bursa.
2018-08-31 15:05 | Report Abuse
Agreed. I try to look into the bigger picture in the O&G sector, in the small cap category cant find any more exciting and prospective counter than Hibiscus. To me, the other 2 oilfield owners are only big time story tellers. most others are just service providers. If there is any other counter in this O%G category, which i might have overlooked, would appreciate with whatever suggestions.
2018-08-31 14:31 | Report Abuse
The main point of contention is that if you see across top 40 volume counters yesterday, whether your results are good or not you get whacked down. If sentiment is poor in the coming days, not only hibiscus, but others will also follow down. Hope that the FBM small cap index is not undergoing prolonged correction mode. Or alternatively go for short selling if you have the stock in hand to make some money in the interim.
2018-08-31 12:23 | Report Abuse
My 2 sens worth. 19 for HRC is not its fundamental standing. The drop is not exceptionally due to the 2 sen dividend. Just look at its current performance from its recent half year results. Down by nearly 60 % for its PAT, very erratic and uncertain.Should it stay at 19? Fair value now if bench marked against Petron. Anyway, i stop here, cos inappropriate to highlight other stocks on this bungaraya platform.
2018-08-31 12:01 | Report Abuse
stocks move up we feel the sky is the limit. stocks go down we see the sea as the bottomless pit. Yesterday was just plain noise, healthy noise. If it moved up yesterday, many people will also relinquish their positions becos most are either day traders or T4, and the feeling that the stock will go down starts creeping and building in our heads.
Only 3 bursa companies who own oilfields, but 2 are big time story tellers without performance. Hibiscus is a different corporate animal. With a capacity of 9500 brl/day, this is a company with a continuous income stream. Bottom line will depend on their operational efficiency and external factors influence.
Public invest is not wrong about the future of Hibiscus, but no IB covers their analysis to anticipate one day stock movements. Stocks will eventually be driven to their fundamentals, but to say that this hibiscus will go down to 70 sen or 40 sen with their recent increase in prod capacity, the next quarter hibiscus will have to report all previous quarters as full of errors and bullshit.
2018-08-30 19:41 | Report Abuse
Those who miss the boat to short this counter, dont despair. Monday can continue, but you won't experience the 14 sen difference like today. Perhaps at most from 96 sen to 92 sen. Then you must do short covering or else your ...... will be screwed. hihihi.
2018-08-30 17:39 | Report Abuse
Q results are not correlated with how the stock performs in one day. Today is just noise all the way. still there are 30 days in september, 4 months b4 2019. The market will be there. By mid sept if the price goes back above RM 1 all this stories would not have mattered,
In my opinion, today has nothing to do with what so call negative goodwill and so forth. The market maker wants to toy around, an institutional shorting activity, he wants to collect cheap, he cares not of others' welfare.
2018-08-30 10:15 | Report Abuse
problem with us is that we are always shortsighted and want everything fast according to expectations and historical facts. Let the market maker do his work. If you believe in the stock just let it be. Since when is the prospective value of a stock indicated by one day's trading performance?
As for Reach Energy,trades were very thin prior to Q report. So market maker have a field day without being challenged by the market. That is why easy drive to achieve 30 % gains. Hibiscus is a different specie.
2018-08-30 09:30 | Report Abuse
the market maker is teasing with your balls, either you stay or you wanna check out. This market maker is damn bloody good. This is quite obvious. This counter is heavily traded this few days. He is not going to give you the advantage by pushing up today, becos the numbers that will throw at higher prices is huge.
Give it till this afternoon, or a couple of days, and watch him come back.
2018-08-27 00:11 | Report Abuse
Few quarters ago made provisions for impairment for a couple of billion. Subsequent quarters still reported 3 figure losses. Now wants to raise funds via rights issue to pare down debts. Paring down debts has nothing to do with probability of future operational profitability. NOSH will become the largest, Bursa record high if not mistaken. How to value this co, i really cannot see positives in it. Highly directionless. It is not the sky is the limit, but the sea becomes a bottomless pit. Another MAS in the making, only difference is that perhaps this new govt has no lifeline for this outfit, and not a symbolic representation of the nation.
Goodbye Sapura Energy Berhad. See ya at 15 sens and below in 2019. Icon is happy now that they have a new found friend!
2018-03-07 15:31 | Report Abuse
Wah dragon, gua respect lu lah! last man standing. Tak ada orang mau makan pil chi kit teck onn lagi?
2018-03-02 22:29 | Report Abuse
top 10 best share in the world: earth quake, floods, Dow drop 1000 points, Dow up 300 points, this share never shake. Is it alive or dead? kah. kah.kah...
2018-03-01 08:55 | Report Abuse
counter suspended till 12.30. Why?
2018-02-28 22:06 | Report Abuse
Cents_investor, its just that after the expected and inconsequential Q result was released, and despite the subdued market condition today, the stock seem to hold pretty well. As I said b4, this is a fundamental penny stock, small free float and tightly held by the owners. No chance for you to party around with it. If you want, you gotta take it back home!
So for the 1 to 2 months from now, you can expect to make maybe about 10 to 15% due to pricing of the private placement, which might be at 28 sen. At the same time Straits share price might be between 30 -32 sen.
2018-02-25 22:24 | Report Abuse
The q result is inconsequential. The focus now is for Straits to reap as much as possible from the private placement. Private placement at what price, between 25 to 28 sen? Even if the private placement is concluded, there will be few months lag period b4 can see any action. If you wanna go clubbin' in the penny stock party, this is not the avenue. This co is fundamentally obedient and disciplined. You can hardly spot them dancing in the daily top 40 counters It has been trained not to talk to strangers and avoid the vulnerability of being screwed by ruthless buggers!
2018-02-25 14:45 | Report Abuse
Ayoyo, rather than both of you screw one another and exhibit your squabble in public, would be good if you all book into a hotel where both of you can pick whichever position best to screw one another. The problem sometimes is due to physilogical overdue and by being under duress to screw someone thereby creating turmoil to the hormone secretions in the body. To release these excess hormonal secretions, I encourage both of you to please go do it privately elsewhere. We want to promote public good, not private greed. How can you screw publicly but eat separately. Normally we eat together, but screw privately. Kah..Kah.. kah....
2018-02-24 12:49 | Report Abuse
1) This co did not lose money. In fact if you look at the revenues for many quarters, it is recurring constantly every Q, meaning come rain or come shine (pending no major earthquake, massive flooding, or agreement termination ...), there is always an uptake of this company's offerings. The recent Q revenue is 1.7 billion, with total revenue for 2017 at about 7 billion. Only thing is the NP is not up to expectations, which is about 302 million, PE 6.2. What is required is to primarily enhance cost efficiency and secure one or two projects in the near term. Just how many companies can generate about 7b revenue and 300 million plus earnings in bursa? Even YTL power is traded at PE 15, but by end 2018 it might be traded at PE 17 or 18. So what is fundamentally wrong with Malakoff if they are traded at PE 18 to be priced at between 115 -120 sen!
2) This is a large cap institutional stock with the IB as the market maker. Most of these institutions are still holding on to higher range prices. No problem for them to hold for the longer term. But the 6.2 sen total dividend becomes a sweetener for them to chase the stock becos the yield is about 6.9%, one of the highest dividend paying companies. Although if the price will go further down and the yield become higher, the stock averaging process becomes lower. And if the stock becomes lower, what happens to those pledged shares with the bank?
3) SBB: The co is not going to buy 500 million shares to keep. The statement of 10 % purchase is a standard clause. Notice that on Wednesday after results announcement only 8000 lots were traded, which many expected for the shares to be whacked down.. The SBB is good becos it has helped to mop up free float. Also noticed that the market maker did not allow the price to swing down much below than the SBB average purchase price which is now about 92 sen. Malakoff will release this treasury shares slowly but surely when the price goes up. They will not be buying 500 million shares for keeps. They are just functioning like another institutional player, but good thing is they sweep down the free float. Expect a more controlled play for this counter.
4) People can shout and instigate others to sell, but if they wanna buy from those that are in fear, I say go ahead. But make sure you yourself have the patience with this counter which is so institutionalised, being an elephant which is so bulky and cannot dance in the near term. If you wanna see action, might as well look elsewhere, as bursa has 3000 over counters. Good for those with holding power and storing it under the bed, wake up one morning and see it has grown by 30%. If you are a short term trader, you are wasting time with this counter.
This is talk 3 talk 4 session. I myself don't favor this co, but only giving my talk 3 talk 4, 2 sen worth of my perspective. If cannot understand, not my problem bro. If you wanna see fast pace action, take your money and go clubbing with the penny stock party where there is a lot of ass- buggers and blow-jobbers, Kah.kah.kah.....The devil's advocate.
2018-02-22 10:18 | Report Abuse
What if scenario: Could there be a possibility that if the counter was pushed up earlier before the results were out and without the share buy back, there would be bigger sell down yesterday.. So rather than face this possibility they were just letting the counter hover around 91 to 94 sen before results were out. If there were anymore sell-down it would have happened this morning due to contra players knee jerk reaction. Somehow it looks like the sell down has slowed down.
Now if the counter goes to PE 18, the price will be about 112 sen. Fundamentally b4 the next q result,112 sen seems a possibility.
Again this are just what if scenarios. To know more, you have to ask the market maker for malakoff.
2018-02-22 08:50 | Report Abuse
But the saddest fact is that this outfit is run by a recycled CEO! And most of Tan Sri Bukhary's listed vehicle are non-performers now,,,, Zelan, MMC, DRB....Not his fault entirely, but becos non existent personnel talent in execution.
2018-02-22 08:43 | Report Abuse
malakoff bhd buys back its own shares. The purchases are between 90 sen and 93 sen. What is the point of shares buy back if eventually it slides down below your share buy back price. In such a case the corporate finance people from Malakoff together with the IB or institutional market maker for malakoff are confurmed idiots from birth! And in such a case this malakoff can fu.. off to hell together with their share buy back program.
Bro, what i am trying to tell you is that if you manage a share buy back prog, you must ensure that prices do not sway far from your average purchase. If you have to average downwards all the time, so how much money is needed and when can you profit? Then it would seem that they are no different from us, retail players.
Just my 2 sens worth!
2018-02-21 18:06 | Report Abuse
Bro, this is an institutional stock la.It did not lose money, but only lower profits by 12.5% for 2017. And you are expecting it to slide down like those penny stocks when they report losses, common get real.
With that report of 6.2 sen something, they will be traded at PE 15, which is fair value. The market now is traded at about PE 16.5. Furthermore, this co has proven that it has a regular income stream, so commanding slightly higher PE should make malakoff still be fundamentally intact.
I agree with CL_Tiok, the current price has already factored in the results.
2018-02-15 16:29 | Report Abuse
Due to political reasons EPF was ordered to vacate Supermax, after Stanley sifu announced his alliance with the other side. Notice now this counter have no substantial shareholders (5% and more) except Stanley n family, although there are still small presence of some PNB unit trust. That is why there is no announcement of substantial shareholders transaction for Supermax. With this in view, the market maker for Supermax will be those linked to Stanley sifu. Advantage or not will depend on the size of their funds.
2 other things worth considering that could be positive for the share price:
1) The announcement of Stanley's appeal for stay of execution.
2) Heard at the grapevine that there is a possibility that Stanley wants to leave the country, without Supermax... That means.......
2018-02-15 10:28 | Report Abuse
xiaoqing88 and OG_Investor, Gong Xi, Gong Xi, particularly to the both of you. We might have differences, but that's quite usual in life. If you are driving far, take care and have a safe journey. and to the rest I wish you all Happy CNY, and may you be blessed with prosperity.
2018-02-14 17:05 | Report Abuse
So what! whether i wanna buy or sell that's my bloody business. What is it to you that I cannot comment here. If you own this portal tell me so. Becos I dont wanna be in the same platform with stooges like you who cannot understand straight forward English.
2018-02-14 10:39 | Report Abuse
There was a quarter, if i am not mistaken in 2014 when the ringgit was 3.3, and they produced good results, something like NP 28 mil, supported by low rubber prices of about 4.9. The Supermax currency hedging team has gone through years of experience with respect to the balancing act. I dont think the ringgit appreciation will render significant reduction in the bottom line. Again the 4th q results, Oct -Dec 2017, will hover around the exchange rate of 4.1 to 4.2.
2018-02-13 12:54 | Report Abuse
Hello, I do have dialog. But to say that it will fly once the results are out is grossly overstating. Get real. Its only in your dreams that you will get more than 5% gain in one day from dialog. This is a big cap, highly institutionalized stock. Their strength lies in them moving up steadily, well under the market maker's control. You think, once the results are out it will shoot to its target price?..... Remember, this is only the 2nd Q result.
You should never apply the realm of the penny stock with its knee jerk reaction here.
2018-02-12 20:43 | Report Abuse
I wonder how significantly different can the bottom line be when the source of new business at Pengerang is not fully operational yet! So why the haste in chasing this stock? The fundamentals are good and it is an institutional stock. If it moves it is characteristically institutional with gradual upward bias. That's all. So what is the excitement all about, like there's no tomorrow?
2018-02-11 08:58 | Report Abuse
Day in day out, when holding on to this counter, these issues still keep creeping:
1) The newly installed CEO is a recycled specie from proton which is not too attractive, His few months at malakoff is still a period of acquiring the learning curve. Might need 4 to 8 quarters to proof his worth. Not sure whether all teething issues affecting the bottom line has been resolved to achieve a better performance as compared to last Quarter. What IB comments on this Co have to be considered with caution, as this co is highly institutionalized.
2) SBB- this co can purchase 10%, about 500 million shares. Not sure what is the scheme for this SBB. What if they wanna collect an inventory of 500 million shares averaging 90 sen to 95 sen, and with their rate of purchase currently, they will need about 2 years, meaning if there is any upward thrust on this counter it will only happen in mid 2020. Or alternatively, is this SBB in preparation of stabilizing the price for this coming under-performance result?
Nb: There is no ill intent to smear this counter to elicit buy and sell activities., but just to share some underlying concern. If you have any facts please share with me. Thanking you in advance.
2018-02-08 08:42 | Report Abuse
-ayoyo, pegi tengok hari hari Halim Saad duduk dekat itu DOme mid valley pening kepala mau cari jalan macam mana mau jual dia punya share.
-Company tarak wang mau announce big deal overseas, sama juga macam itu cinaman punya co list in malaysia tapi ops in China. Sebab itu Sumatec valuation sama saja macam itu red flag co.
-Co mau ada oilfield overseas, you ingat ini Sumatec ada resources ke mau operate dekat overseas.
- Saya ingat Halim Saad lebih baik jual ini co, dia bikin co goreng pisang lagi baik.
2018-02-05 09:38 | Report Abuse
ayoyo market crash, finish la! habis! kaput! kah kah kah.......And the winner goes to.... Mohd Fahmi for guessing the base figure of 2.09 when the market begins. But wait a minute, The market is not over yet till 5pm. Will it be lower? This is talk 7! over and out.
2018-02-04 12:21 | Report Abuse
The market maker tomorrow will create the fearful situation at the initial stages, and that's a sure thing. He is not the welfare dept to support panic sellers or risk averse people. But watch him come at the end of the day towards the 2.18 again. Supermax is like a horse rearing its head and once you loosen the reins he will run with his heart.
This is already feb. One thing for sure is that the market maker wanna whack this supermax ABOVE 2.60 b4 the 2nd Q results is made public. Monday might be a minor temporary setback, but then again, not everyday is a Monday to mourn the adverse results from a foreign market which has been excessively greased.
If anyone wants to say I talk 3 or talk4, I wouldnt give a damn. If you dont like it, go around a dark corner, open your zipper and try looking for a tree which you could run round, and then try putting your you know what into your own ....hole. kah, kah kah....
2018-02-03 23:53 | Report Abuse
never forget, glove co like top gloves, harta, supermax are full of surprises. They are the movers when the market is like shit, and they have proven to be so on many occasions. The big cap O&G co had their turn on Friday. The techies are being hammered by the so call cue provided from Apple prospective under-performance. The penny stocks are resting and consolidating now. Or are we gonna see a total whitewash of Bursa across the board? Are we gonna see ratio of losers to gainers like 1200 to 25? Is this not too early for bursa? I reckon not. Perhaps the 600 over points might just be discounted by late Monday!
2024-04-26 11:54 | Report Abuse
Another thing is that the comparison with G Kent is only true to a certain extent. G kent has no tons of shares above the level achieved now, and it carries lots of prospective stories on its shoulder. Unfortunately, the journey for Titan from 5.12 to 6.50 shows the burden of impending shares that it will have to support from previous adverse news like fire, water, DOE ...might be years or more, due to issues of confidence of holders. And not to forget, how many times more is Titan to G kent with respect to Number of shares outstanding.
This Kaleyfey MIB market maker should be fired by TITAN.
2018-01-06 16:21 | Report Abuse
fundamentally this co has no problem, and can be considered strong, and it SHOULD not be too far off from Pchem. But this is a classic case of a useless market-maker, MIBB, who has screwed up the whole listing exercise, and whose daily stabilizing action is a failure and who now suffers from the bombardment of shares when its being pushed up. Coupled with the the latest downgrading of target price by one F... stooge IB to 5.70, there are tons of shares just waiting on the sidelines to be thrown back to the market due to element of no confidence.
How the co is gonna assure the future perception with their sterling performance and how the F...market-maker is gonna clear up this whole mess, only time will tell.
But one thing is for sure. A quality co like titan has been prostitutionalized by blind and Stu.... IB.
2018-01-21 09:51 | Report Abuse
Just my 2 sens view:
When this counter WA moved to 18.5 sen, I checked out, and what more with the pending private placement on the cards, which the Co pegged at about 28.5 sen per share. I will buy into this co once the private placement is settled, which the co will conclude by 1st Q 2018, as the amount they require has already been predetermined.
This co is only at the initial stages of building a sustainable business, so expectations that the price will boom now can be futile. The good thing about the price trend is that the co seems not likely to expose itself to the vulnerabilities of speculation, which has a huge tendency to provide shareholders with a nightmare. At best, I think this Co will appreciate with the progress in their fundamentals, which time will tell. This is not a stock for dabbling T4 period, forget it. Buy and keep it, look at the price 3rd Q 2018 in Nov 2018 where the impact of their progressive efforts can be evaluated. If all goes well a 30% gain can be achieved.
Again, just my 2 sens worth!
2018-01-19 08:31 | Report Abuse
This counter has turned from hero to villain in less than a month. Previously people talked about ASB being the culprit, but now such talk has disappeared. Compared to the dynamics now, the sell down by ASB in Oct and Nov which many blamed for the disrupted ascend is benign. For now this counter looks like it has been prostitutionalized (turned into a prostitute by funds, be it the market maker or others). There is a lot of fear surrounding this counter. Up or down there are people waiting for opportunity to unload. Now, do you think the market maker will drive the price up, when he knows well that stale bulls are plenty. waiting up there? The market maker does not work in favor of your welfare.
The problem is not that this counter is not good or low quality. But moving from RM8 to RM19 in a span of about 2 months is definitely courting trouble. The market maker for this stock is awesomely manipulative and cunning to take advantage of the the sound fundamentals of this counter. He knows whatever he does will attract buyers.
2018-01-15 12:44 | Report Abuse
FGV show koyak picture. All settlers and farmers now looking for BWC and Richard Lee with their sarong and parang.
2018-01-10 09:50 | Report Abuse
I think you have made an excellent decision to sell AA and move over to FGV. FGV very good stock. The market maker and fund managers there are very kind to redeem the losses of those trapped between RM 2 to RM 4.5. After all if the govt can provide BRIM, why cant they be benevolent to absorb the losses from the stale bull. So go ahead, sell everything and move over to FGV. Even if the PE is 100 or 200, the fund managers dont give a damn about the fundamentals. What they are concern with is the welfare of the participants.
The business model of FGV is even superior than AA. FELDA gives the settlers a free hand to do whatsoever they wish with the land. The yield is not important. They believe that people are more productive if they are free. Unlike Tony F, who only dream about the unification of AA globally. Tony F is not in the same league as Zakaria of FGV who has more class. FGV is always hitting the headlines with their development.
Again, go ahead and sell AA and shift to FGV. Target price 4.50. USE Tony F's motto " Now this stock can fly" . But when, we dont know. Malaysia Boleh, FGV boleh!
2017-12-16 12:20 | Report Abuse
So now we can guess-timate that from this coming Monday until End March 2018, the maximum that it will reach is perhaps 29.5 to 30 sen, and for the price fixing it will be about 28 sen hovering for about 5 days.
This private placement is a bit of a letdown, taking off the steam from this co. Anyway, if you wanna make a 10% profit in the next 3 months, the co has already more or less defined the magnitude of your gain as well as the timeline,
2017-12-15 08:59 | Report Abuse
I concur with you growth hunter, on the 30 cents target play during this euphoric sentiment run-up. Further, I think the price will increase this month and the next, albeit small and gradual increments, prior to February when they report their final quarter. Perhaps they might hit 32 sen by then, bearing that sentiment is supportive in view of the run up to elections, which might be in March 2018 during the school holidays. But post-election period, the market situation only god knows.
David goliath, no point being so worked up on comments that is not your piece of cake. After all, if you are a holder beyond the T4 dabbling, prices between 24 sen and current 26 sen will not cause you sleepless nights! However, if you notice, yesterday the transaction volume has increased slightly with an upside bias.
2017-12-14 21:58 | Report Abuse
"Straits, which currently owned 2 vessels, namely Sturgeon and Straits 1 (with a maximum load capacity of 510,000 liters each), is a major marine logistics company involved in the provision of premium oil bunkering services to marine and cargo bulk transporters, oil and gas vessels, floating production storage and offloading vessels, cruise ships and ferries".
The above statement is an excerpt from archives..
1) With just 2 vessels, the MD estimates a monthly sales volume of 8 million liters.
2) The key to this business, given the thin margins, is pricing and smart buying. In managing its business, the company focuses on gross spread, which is calculated by subtracting from sales of marine petroleum products ("mpp") the cost of mpp sold (the price paid to the supplier). Margins can range from 5 to 8 %. Marine petroleum products can range from USD 340-380/ tonne currently, averaging RM 1512 per tonne.
3) Lets estimate for 3 months (one quarter) business: with sales volume of 8000 tonne/month X 1512/tonne X 3 months X 6% gross spread = est 2.2 million as gross margins. Cannot precisely guess how much are the administrative and other expenses, but just assume 1mil every quarter. Thus for three months Net profit could be 1.2 mil. Thus about 4.8 mil per year translating into EPS of about 1.3 sen /share based on NOSH of 360 million after the rights issue. Since it is an ace market share, a PE of 20 to 25 times will give a price range of 26 sen to 32 sen.
4) They only started recently with 2 vessels. Either they ply the seas regularly for more sales tonnage or they would have to add few more vessels to enhance business volume and profitability.
I don't think it will be an attractive result, but more so as an acceptable result based on their capabilities in the next quarter. But give it about 4 to 8 quarters down the road as they expand, this co will definitely reward medium term holders.
Anyway, just my 2 sens worth!
Stock: [PLABS]: PETERLABS HOLDINGS BHD
2019-04-09 17:33 | Report Abuse
I mean LKW''s last reported purchase on 3rd april and prior to that. Hardly any below 28 sen.