For a longer term holder, a good time to collect more to take advantage of the current price weakness.

China Railway has been awarded the Gemas-JB rail project -> http://www.nst.com.my/news/2015/12/116776/china-railway-awarded-gemas-jb-rail-project
CIMB says Instaco(Vivocom) can at least bag another 2 to 3 billion worth of contracts from the Gemas-JB rail project when CRCC wins the project. See the CIMB report on the page 10 of the DailyEdge -> http://tefd.theedgemarkets.com/2015/TEP/20151208u79bqx.pdf

China Railway awarded Gemas-JB rail project -> http://www.nst.com.my/news/2015/12/116776/china-railway-awarded-gemas-jb-rail-project
See the page10 on the DailyEdge about Instaco(Vivocom) on the GEMAS-JB double-track rail project -> http://tefd.theedgemarkets.com/2015/TEP/20151208u79bqx.pdf
This means at least another 2 to 3 billion worth of projects in the bag for Instaco(Vivocom) again !!

See the page 16 of the EdgeDaily, it should augur well for Tekseng
http://tefd.theedgemarkets.com/2015/TEP/20151210nnecs8.pdf

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=M&securityCode=9571

Assume the projected Q4FY15 EPS = 5 cents
Q3FY15 EPS =4.08 cents (result announced on Dec 2 2015)
Q2FY15 EPS =5.75 cents
Q1FY15 EPS =3.4 cents
Thus the whole FY15 EPS = 3.4 + 5.75 + 4.08 + 5 = 18.25 cents

Using PE of 10, FV/TP = RM1.825
The projected whole FY16 EPS = 4 X 5 cents = 20 cents. FV/TP = RM2.00

A few days before the Dec 2nd result came out, its price at one stage was at RM1.30. Since Gadang's result came out, its price has appreciated more than 20 %. So Mitra should appreciate by at least over 20 % too from RM1.30. So to reflect its fundamentals, it price should at least at between RM1.50 and RM1.60 by now.
Mitra is a real laggard compared to Gadang. People with longer term view should collect more of Mitra. At 1.22, its current PE is only 6.6

it may be on the way to break 0.88 ??

NP Michelle Pang :-)

See the page10 on the DailyEdge about Instaco(Vivocom) on the GEMAS-JB double-track rail project -> http://tefd.theedgemarkets.com/2015/TEP/20151208u79bqx.pdf

With the detailed explanation from CIMB https://www.docdroid.net/HdrNcVM/cimb-instacom.pdf.html (copied from stockquote's posting ) , I am not surprised if Instaco (Vivocom) goes back to 0.31/0.33 level again

http://klse.i3investor.com/blogs/KLSETA/86557.jsp :-> Its price is likely heading to target of $1.00/$1.15/$1.39 near future ??
http://klse.i3investor.com/blogs/rhb/87483.jsp

These two famous investors must be think that EG is another VS in making thus they are willing to invest in EG.

[转贴] EG 两大股神撑场 :-> http://klse.i3investor.com/blogs/kianweiaritcles/87584.jsp

Good news for Instaco (Vivocom) in longer run -> http://www.themalaysianinsider.com/malaysia/article/chinas-generous-1mdb-bid-seen-reaping-it-big-returns-in-malaysia

Thanks cgtan2020 and Ven Felix.

Hi cgtan2020, as the right issue money is used for expansion and should bring in better EPS for the coming qtrs. Assuming the next 3 qtrs., its EPS > 6.56 cents (let's say between 7 to 8 cents). Any idea what should the adjusted EPS be assuming the EPS' are at least between 7 to 8 cents (or more) based on the calculation before the right issue ?

FY16 Q1 EPS (announced yesterday) - 6.56 http://www.bursamalaysia.com/market/listed-companies/company-announcements/4935997
EG FY16 whole year forwarding EPS = (6.56 X4 ) = 26.24 cents
Thus at price of 86 cents its PE is only 3.25
Using PE of 10 its FV is RM2.60.
Net assets also stands at RM1.72 . Even at RM1.72 to reflect its net asset value, its PE is only 6.5.
With the recent 57 millions collected from its right issue of which part of it will be used for expansion should augur well for its earning in longer term.
So if you have a longer term view, this is centainly a share to have and must accumulate at RM0.86.
I let you judge for yourself whether one should collect more EG's shares.
http://klse.i3investor.com/blogs/KLSETA/86557.jsp :-> price is likely heading to target of $1.00/$1.15/$1.39 near future.

If one is a longer term holder one may want to leverage on EG-WC as it potentially give you a 200 % returns

These are the EG's FY15 4 qtrs EPS results
FY15 Q4 EPS - 8.79 cents (Aug 28 15) http://www.bursamalaysia.com/market/listed-companies/company-announcements/4852401
FY15 Q3 EPS - 1.79 cents (May 29 2015 ) http://www.bursamalaysia.com/market/listed-companies/company-announcements/4759569
FY15 Q2 EPS -13.74 cents (Feb 26 2015 ) http://www.bursamalaysia.com/market/listed-companies/company-announcements/4186833
FY15 Q1 EPS - 10.09 cents (Nov 28 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/4178485

On Nov 23, the volume was near 158 million shares and Tan Moon Teik can easily sell all his 21 million shares in the open market.

You probably notice that the director Tan Moon Teik only sold 3 millions out of 21 millions shares he has and not all 21 millions. This means they see more upside in the share price and hold on to the rest. Its FV is between RM0.36 and RM0.40.

Instaco (Vivocom) is now the IN-HOUSE CONTRACTOR for the global Chinese construction giant, China Railway Construction Corporation(CRCC), in Malaysia and South East Asia(ASEAN). Some more CRCC has amassed a whopping order book of 16 Billion since it came into Malaysia 3 years ago. To date, Instaco(Vivocom) has secured RM500 million worth of projects from CRCC (Thus the future project awards from CRCC to Vivocom should be significant).
Again the Naeta EPS contribution to Instaco(Vivocom) will be very significant too (at least 1.5 to 2 cents of EPS)

Very interesting http://klse.i3investor.com/blogs/KLSETA/86557.jsp

CIMB Research report -copied from trading_account89's posting
(https://brokingrfs.cimb.com/1dpIVJC1BuuWdJfjxfZT831IM_kFTLjQHnfjMpISV50N34HyzVG27yuiTp1s__e18-UOeWH3X1Qduw2.pdf)-

The CIMB report says that Instaco (Vivocom) is the IN-HOUSE CONTRACTOR for the global Chinese construction giant, China Railway Construction Corporation(CRCC), in Malaysia and South East Asia(ASEAN).
You probably notice that in Oct, last month, China has won the USD $5 billion Indonesian high-speed railway contract ( http://thediplomat.com/2015/10/its-official-china-not-japan-is-building-indonesias-first-high-speed-railway/ ), thus one probably can expect more great announcements from Instaco(Vivocom), from time to time.

Also the report says Instaco's (Vivocom) orderbook could rise to RM 5 billion in the next 1 to 2 years which is very much realistic (probably much more than this figure looking at the ability of CRCC in winning Mega projects/contracts).
https://photos.google.com/share/AF1QipOxZaRy2Q1azpMkvE_0VOLs-brY1FvwCo_lDL3KQlDqLgOugC1NDnwdRx6B5pi4QQ/photo/AF1QipN1CLYGIK8YsIvU9C7dBdYTuqqvMO9bHMYhrPkH?key=THZoMjRaUmFnU1lxZzFGbUhMNzd2VkoyMG5aS0x3


The latest developments make Instaco(Vivocom even more attractive - More Mega projects for CRCC in ASEAN which could then trickle-down to Instaco(Vivocom)
http://www.nst.com.my/news/2015/11/112590/new-journey-make-history ---development of the industrial parks in Qinzhou and Kuantan, enhance infrastructure building and increase connectivity. (Great potential of the CRCC/Instaco(Vivocom) involvements in the infrastructure areas )

http://english.cri.cn/12394/2015/11/22/3685s905208.htm - China on Saturday (21/Nov/2015) pledged infrastructure loans totaling 10 billion U.S. dollars to Southeast Asian countries and proposed railway and production capacity cooperation amid closer partnership with the economically converging region. More Mega projects for CRCC/Instaco(Vivocom) in the near future.

I think the recent contracts awarded to Instaco(Vivocom) are just tip of the iceberg (CRCC has amassed a whopping order book of 16 Billion since it came into Malaysia 3 years ago and to date, Instaco(Vivocom) has secured RM500 million worth of projects from CRCC )
Some more Neata will get more sales as it probabably becomes a natural supplier to all those awarded projects and some Mega projects in CRCC too. So Naeta's EPS contribution to Instaco(Vivocom) would be significant
People with the longer term view will certainly appreciate Instaco's(Vivocom) huge potential growth value.

You are welcome myview.

Thanks trading_account89 for sharing the CIMB Research report on Instaco(Vivocom) (https://brokingrfs.cimb.com/1dpIVJC1BuuWdJfjxfZT831IM_kFTLjQHnfjMpISV50N34HyzVG27yuiTp1s__e18-UOeWH3X1Qduw2.pdf)

The CIMB report says that Instaco (Vivocom) is the in-house contractor for the global Chinese construction giant, China Railway Construction Corporation(CRCC), in Malaysia and South East Asia.
You probably notice that in Oct, last month, China has won the USD $5 billion Indonesian high-speed railway contract ( http://thediplomat.com/2015/10/its-official-china-not-japan-is-building-indonesias-first-high-speed-railway/ ), thus one probably can expect more great announcements from Instaco(Vivocom), from time to time.

Also the report says Instaco's (Vivocom) orderbook could rise to RM 5 billion in the next 1 to 2 years which is very much realistic (probably much more than this figure looking at the ability of CRCC in winning Mega projects/contracts).
https://photos.google.com/share/AF1QipOxZaRy2Q1azpMkvE_0VOLs-brY1FvwCo_lDL3KQlDqLgOugC1NDnwdRx6B5pi4QQ/photo/AF1QipN1CLYGIK8YsIvU9C7dBdYTuqqvMO9bHMYhrPkH?key=THZoMjRaUmFnU1lxZzFGbUhMNzd2VkoyMG5aS0x3

I think the recent contracts awarded to Instaco(Vivocom) are just tip of the iceberg.
Some more Neata will get more sales as it probabably becomes a natural supplier to all those awarded projects and some Mega projects in CRCC too. So Naeta's EPS contribution to Instaco(Vivocom) would be significant.
People with the longer term view will certainly appreciate Instaco's(Vivocom) huge potential growth value.
However you still have to decide whether to sell or to collect more Instaco shares.

If Instaco can move from 0.205 to 0.32 in 3 days why not for Genetec to move to 0.32 soon too especially its fundamental is so much better. Some more even at 0.32 Genetec's PE is only 8 which is still very low

short term it should be able to move to RM1.48/RM1.50

Genetec's FY16 Q1 EPS was 1.28 and FY16 Q2 EPS which announced yesterday was = 0.9 cent, Thus we can assume at least 1 cents EPS for the coming Q3 and Q4.
As such the whole year FY16 EPS will at least be
(1.28 + 0.9 + 1 + 1) = 4 cents.
Using PE of 10, Genetec's FV is RM0.40.
More than 100 % return upside from current price of 0.21
If you are a longer term holder MUST collect more as its forwarding PE is only 5.25.

Thanks sky2

Collect more more more at RM0.21 !!!

Genetec's FY16 Q1 EPS was 1.28 and FY16 Q2 EPS which announced yesterday was = 0.9 cent, Thus we can assume at least 1 cents EPS for the coming Q3 and Q4.
As such the whole year FY16 EPS will at least be
(1.28 + 0.9 + 1 + 1) = 4 cents.
Using PE of 10, Genetec's FV is RM0.40.
More than 100 % return upside from current price of 0.21
If you are a longer term holder MUST collect more now.

Thanks a lot OTB :-)

Mieco's last q2 (announced on Aug 21) EPS was 3.21 cents. Its Q1 EPS was 1.53 cents.
Looking at the great results from FLBHD and Hevea, we can probably say that Mieco's coming q3 EPS (assuming on Nov 21) will be great too, lets say 6.4 cents (Q2 EPS double of Q1 and Q3 EPS double of Q2). then we also assume the q4 EPS should be at least 6.4 cents or more. Thus the whole FY15 EPS = (1.53 + 3.21 + 6.4 + 6.4 ) = 17.54.
Using PE of 10, its FV at least RM 1.74.
So Mieco is the the next Hevea in making !!

So its price should at least at RM1.47 by now to be on par with Hevea

Mieco's last q2 (announced on Aug 21) EPS was 3.21 cents. Its Q1 EPS was 1.53 cents.
Looking at the great results from FLBHD and Hevea, we can probably say that Mieco's coming q3 EPS (assuming on Nov 21) will be great too, lets say 6.4 cents (Q2 EPS double of Q1 and Q3 EPS double of Q2). then we also assume the q4 EPS should be at least 6.4 cents or more. Thus the whole FY15 EPS = (1.53 + 3.21 + 6.4 + 6.4 ) = 17.54.
Using PE of 10, its FV at least RM 1.74. The next Hevea in making

Triangle Breakout is on the way of making ??
http://klse.i3investor.com/blogs/KLSETA/86235.jsp

Instacom sees active trade as it eyes turnaround in FY16
http://www.theedgemarkets.com/my/article/instacom-sees-active-trade-it-eyes-turnaround-fy16

The Busy Weekly article on Instaco. It says about Instaco strong relationship with the China Railway Construction Corporation (CRCC) and as its PDP they foresee too get more projects in 2016 and 2017 from CRCC. Also Neata has already obtained 40 mil worth of contracts and they foresee to get another 90 mil worth of contracts soon. Pls correct me if the simple translation extraction of the article is wrong.
https://photos.google.com/share/AF1QipOxZaRy2Q1azpMkvE_0VOLs-brY1FvwCo_lDL3KQlDqLgOugC1NDnwdRx6B5pi4QQ/photo/AF1QipN1CLYGIK8YsIvU9C7dBdYTuqqvMO9bHMYhrPkH?key=THZoMjRaUmFnU1lxZzFGbUhMNzd2VkoyMG5aS0x3

You should get this week's Focus and especially the "The Busy weekly" (only has the Chinese version) then people will know why Instaco is so full of potential (great earning) and very much worth to collect more.

Thanks myview for the correction. The profit guarantee by Neata is at least RM34 million for the two financial years ending 2015 and 2016. So you are right that it is RM17 million a year.

14/11/2015 15:52

Why people say Instaco has no fundamentals when its purchase into Neata Aluinium in January which promised a 13 millions profit a year and its recent 3 contact wins which it bagged worth RM260 million.

so if you are a longer term holder, leverage on the EG WC would potentially give you a 200% return (1.70 - 0.50 = WC FV 1.20 (without premium yet))

Hi Coldrisks I did not include the right issues in the calculation.
Today's Daily Edge features an article on EG http://tefd.theedgemarkets.com/2015/TEP/20151112t5lsyl.pdf (see pg 12)
For the FY15 whole EPS (34 cents), about 50% were from the disposal of financial assets. Thus I would say that the real earning of 17 cents was still from the business sales. Thus I would use PE of 10 to get the FV of RM1.70 for EG.

Even at RM1.72 to reflect its net asset value, its PE is only 5.

EG FY15 whole year EPS = (8.79+1.79+13.74+10.09) = 34.41 cents (see below for details). Thus at price of 82 cents its PE is only 2.3
Based on the last FY15Q4 EPS 8.79 cents, we will use 9 cents to get the forwarding whole year FY16 EPS which is 4 X 9 = 36 cents.
Using PE of 10 its FV is RM3.60. The forwarding FY16 PE = 82/36 = 2.2.
Net assests also stands at RM1.72
With the recents 57 millions collected from its right issue of which part of it will be used for expansion should augur well for its earning in longer term.
So if you have a longer term view, this is centainly a share to have and must acumulate at RM0.82.
I let you judge for yourself whether one should collect more EG's shares.

These are the EG's FY15 4 qtrs EPS results
FY15 Q4 EPS - 8.79 cents (Aug 28 15) http://www.bursamalaysia.com/market/listed-companies/company-announcements/4852401
FY15 Q3 EPS - 1.79 cents (May 29 2015 ) http://www.bursamalaysia.com/market/listed-companies/company-announcements/4759569
FY15 Q2 EPS -13.74 cents (Feb 26 2015 ) http://www.bursamalaysia.com/market/listed-companies/company-announcements/4186833
FY15 Q1 EPS - 10.09 cents (Nov 28 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/4178485

The Homeriz recent Q4 earnings up 28 % is an indication that furniture shares should do well in their earnings. So I agree with CP Tan that Pohuat's Dec result should be great. Some more the director has accumulated the shares from the open market is a good sign.

Hi Muscle, some extracts from the weekly :

The layer farms players who do the export should be favored due to the weaker ringgit and the feed cost remains low as corn and soybean prices have fallen to record low.
Among the layer farm players, Teoseng stands out due to its high return in equity and is also able to leverage the strength of its controlling share holder Leong Hup group.

That is some of the extracts from the weely

The layer farms players (i.e. Teoseng) who do the export should be favored due to the weaker ringgit and the feed cost remains low as corn and soybean prices have fallen to record low.
Among the layer farm players, Teoseng stands out due to its high return in equity and is also able to leverage the strength of its controlling share holder Leong Hup group.

This week's the edge weekly features a nice article about the egg producers including Teoseng.

WOW it breaks new high !!

:-)