3,000/4 = 750 Warrants... I will add it when warrant code listed in bursa... inform me when it list
Entitlement description Bonus issue of up to 50,000,000 warrants ("Warrants") on the basis of one (1) Warrant for every four (4) existing ordinary shares of RM0.20 each in Teo Seng Capital Berhad held at 5.00 p.m. on 28 January 2015 ("Entitlement Date").
paperplane Hi tan, teoseng ex alredi. Can help adjust the bonus issue? Also free warrant soon. Thanks. 26/01/2015 19:38
“It appears that current share prices are still overvalued,” Liu told The Malaysian Reserve. Liu estimates China's growth for the first quarter of this year to be 6.8%, lower than the People's Republic of China's forecast of 7%, which it revised from an earlier 7.5%.
The main concern for Malaysia is how China’s decline has affected many commodity-producing countries, which rely on the country as a key export market. China's decline has resulted in a drop in global commodity prices, of which exports form a significant portion of Malaysia's gross domestic product.
“Export-driven economies have seen currency drops in tandem with the decline in commodity prices due to China’s slump in growth,” said Hoo. Thailand, known as one of the world's biggest exports of rice , has seen the baht decline to 34.00 against the dollar this year from a previous 31.70 high, and Australia has also seen its dollar currency drop to a nine year low against the greenback.
“Already, the halving of China’s growth has wreaked havoc with global commodity markets and has negatively influenced growth in those East Asian economies that are a vital part of China’s manufacturing supply chain,” said Ira Kalish, chief global economist at Deloitte, said in a response to ChinaFile on July 2.
“It could be argued that the imbalances in China’s economy thus represent more of a risk to the global economy than the current and much discussed situation in Greece,” said Kalish.
The country which plays host to the world's biggest population is Malaysia's second biggest export market after Singapore, importing some 12% to 13% of Malaysia's exported goods every year. Since earlier this year, Malaysia's exports have declined due to falling demand from China.
In 2013, growth in Malaysia-China trade was 12%. But last year, it was just 2%.
RAIDER COMMENT: IF CHINA FALLING STOCKMARKET HAS SERIOUS NEGATIVE RAMIFICATION TO MSIA.....THEN SHARP RECOVERY STOCKMARKET WILL HAVE A POSITIVE IMPACT TO MSIA LOH....!!
THANKS TO PRESIDENT XIN.....CHINA MARKET IS REBOUNDING LOH.....!! PRESIDENT XIN HAS DECLARE WAR ON THE BEARS....AND WARN THEM NOT TO MESS AROUND WITH CHINA....OR ELSE BE PREPARE TO SUFFER GREAT DEFEAT LOH.....!!
UNLIKE THE PRESIDENT OF USA....WHO NEED TO SHARE FINANCIAL POWER WITH THE CONGRESS, SENATE AND FEDERAL RESERVE.....!!
PRESIDENT XIN HAS COMPLETE POWER AND FREE HAND TO SHAPE THE FINANCIAL FUTURE OF CHINA LOH....!!
DO NOT MESS WITH THIS VERY POWERFUL MAN LOH......A STRONG WARNING TO THE BEAR MAH....!!
FOR INVESTOR....RAIDER SAY VERY BULL LOH....& START BUYING MAH....!! :cash: :cash: :cash: :thumbsup: :thumbsup: !
YES CHINA WILL RECOVER & WILL PULL THE REST OF ASIA WILL HIM....SO HAVE CONFIDENT & BELIEVE IN PRESIDENT XIN LOH.......!!
IF PRESIDENT XIN WANTS CHINA MKT TO REBOUND.....IT SHALL REBOUND LOH....!!
While traders in China may say, "Wah, selling is now illegal. Good ah. Let's buy, buy and buy lor.", they may also say, "But hey, we buy, buy, and buy so much, but we also cannot sell wor. Aisey, if like that, then buy or not buy?"
Now is an opportunity of a decade to see whether the government this time is more powerful than the market. All governments in the past in other countries failed when they tried to control the market. Will China win this time?
RAIDER COMMENT, A VERY GOOD QUESTION LOH....!! THE RULES OF THE GAME IS SET BY CHINA GOVT ITSELF MAH.....!! IF THEY THINK.....THE FALL FROM 5000 POINTS TO 3200 POINTS, IS TOO MUCH TO SWALLOW.....THEY CAN SET 4200 POINTS AS A TARGET LOH.....!! THE TRUE IS PRESIDENT XIN DON WANT TO BE SHAME.....IF HE WANTS.....THE MKT TO GO UP.....THE MKT COME DOWN LOH....!! THIS WILL AFFECT HIS HEROIC, FATHERLY REPUTATION MAH....!!
CHINA Warren Buffett is bullish about China stock market, May 4, 2015. "The country's population had found a way to unlock their potential" he said Not sure if he knows that Chinese people love to gamble. YES W.BUFFET IS CORRECT....HE SEE THE PROSPECT & OPPORTUNITY OF CHINA LOH....!!
CELEBRITIES Two days ago, a few celebrities were reported to have loss about USD500 million in the China stock exchanges. That is before it rebounded over the last 2 days about 10%. IF IT IS TRUE....YES THIS IS ALOT OF MONIES TO LOSE....BUT LOSING MONIES...WHEN U CHASE....HIGH WITHOUT LOOKING.....INTO ACTUAL.....VALUATION OF PARTICULAR....IS A BIG SIN TO COMMIT LOH....!! THIS ISSUE NOT ONLY APPLICABLE TO CHINA....BUT ALSO THE REST OF THE WORLD...ESPECIALLY PEOPLE TRYING TO GET BIG BUCK....THRU GREED....!!
CASINO Like properties, mainland Chinese want to get rich the quick way. After their properties prices in Shanghai exceeded its counterpart in Mathattan, the Chinese government pull the breaks on the properties sector. One or two big property developers went belly up. Well, it looks like the properties problems have gone away. Well, no problem, after one casino is close, another is open. The stock markets.
Of course, the casinos in Macau sufferred since the Chinese government clamed on corruptions. Lately we heard one of the private finance company is unable to pay back the depositors. I believe Chinese wanted to get rich too fast too soon.
AGAIN THIS IS A PROBLEM TO THE REST OF THE WORLD TOO....ACTUALLY MONIES....NEED TO FIND SOME WHERE TO PARK LOH....!!
JUST LOOK AT USA BOOM CYCLE....STOCKMARKET , PROPERTY, COMMODITIES, GOLD & SILVER, BONDS, NOW BACK TO STOCKMARKET LOH......!!
THE KEY IS MODERATION.....BUT HUMAN GREED ARE NEVER MODERATE LOH....!!
CONCERN Stock market went up more than 150% and tumbled about 32% before rebounding 10%. Sign of a real roller coaster. I think it is very hard to apply Warren's principles in China. So is Malaysia. APPLY W.BUFFET & B GRAHAM PRINCIPLE U MUST.....TO AVOID FROM GETTING INTO BIG TROUBLE LOH....!!
COME-BACK Can Shanghai Exchange goes back to 5,000 points after it dropped to about 3,500 and rebounded to 3,900? This is trillion dollar questions. However, the sign tells me that when celebrities become one great investors, you need to pause and think. RAIDER THINK....PRESIDENT XIN WILL RESTORE CONFIDENCE BUT EVENTUALLY IT WILL LEAVE IT TO MARKET TO FIND ITS LEVEL LOH....!! THATS WHY STOCK PICKING IS VERY IMPORTANT LOH....!!
Remember crude oil? Let's hope it is not the case. I am still very concern about China properties. They may cause the next collapse. ON CHINA PROPERTY NO WORRY....THEIR EQUITY IS 40% TO 60% ON THE PROPERTY THEY PURCHASE MAH....!! MSIA LOWER 10% TO 20% LOH....!!
CORRUPTIONS Without a doubt. So is Malaysia. Can they eradicate corruptions? It is eating away both countries. Export to China from Malaysia also dropped a lot. Looks like Malaysia is on the centre stage at the moment on this issue. YES CHINA CORRUPTION CRACKDOWN SHORT TERM IS BAD FOR THE ECONOMY....BUT LONG TERM IS VERY GOOD MAH..!! MSIA NO CRACKDOWN....SHORT TERM IS GOOD....BUT LONG TERM IS VERY BAD....!!
SO SELL MSIA BUY CHINA & HK LOH.....BE PREPARE FOR LONGTERM LOH....!!
CRAZY MCMC become one. Prison will be full. Was told 90% of our cabinet members will be in prison, if corruptions investigation is conducted on them. THATS WHY CORRUPTION....NEED TO BE ADDRESSED OUR THE LONG RUN....IF THIS HAPPEN IT WILL BAD FOR THE MKT IN THE SHORT RUN LOH....!!
Raider make another strategic buy on cimb 25 putting Rm 40k at Rm 1.35!! This is the biggest exposure...In raiders portfolio loh!!....U knowlah....Raider very bullish on China & Hk mah....!!
NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
CIMB FTSE CHINA 50
Type Announcement Subject NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Description Fund: CIMB FTSE China 50 Date: 13-Jul-2015 NAV per unit (RM): 1.3754 Units in circulation (units): 13,650,000.00 Management Fee (% p.a.): 0.60 Trustee Fee (% p.a.): 0.08 Index Licence Fee (% p.a.): 0.04 FTSE/Xinhua China 25 Index: 18,960.79
•Free cash flow yield, CY is less than the fixed deposit rate in Malaysia. So not attractive on CY. •Average growth rate of EPS in 5 years is around 19% but EPS's CAGR get depressed result with 6% annually. •Profit margin is not stable upheld in each year. And less than 10% net profit in every sales. •WTK's business activity is not stable due to profit in fluctuation condition; sometimes its result is worse than last years. •Dividend payout is maintained at above 20% of net profit. •Cash of company is accumulative and surpass level of RM 300 million. Its cash per share is worth RM 0.65. This is approximately 62% of its shares price. •Company's free cash flow is low enough due to it is keep expanding its business by acquire new fixed asset. •WTK such a cash cow company, its market capitalization is worth RM 500 million but it is holding around RM 313 million of cash. •On the other hand, WTK's total borrowing is almost same amount with cash in company. It’s borrowing per share same as cash per share with RM0.65. •So, by deducted cash with borrowing, WTK is left RM 291 million of debt. It is net debt company. •WTK's share price is pretty stable along the years because it is around RM1 and the average closed price in the end of year is RM1.17, higher than the current price. •RHB-OSK is giving the target price with RM1.15. •Due to its shareholder equity very high, my account based earning valuation model giving WTK with higher intrinsic value of RM2.16, this is 52% margin of safety. •NTA is higher than the current price now, there are different of RM1.71 or 162% between both. Quite high on it. •With the latest 4 quarter of result, current PE is 15.73. This is around the average KLCI PE. •DY is not attractive due to very low. •ROE of company is very little with 2.87% in year 2014. This is due to high equity and low profit of company. Management maybe not using the equity efficiently.
Annual Report 2014 Analysis
•There are 6 division of WTK, which is Oil palm/ forest plantation, Timber, Tapes, Foil, Property and Oil & Gas.
•Revenue and net profit has a decreased of 5.3% and 21.2% respectively compared with previous year. •Director explained mainly attributed to the loss sustained in the Group's oil palm plantation and weak contribution from the packaging division. •Timber division is lower by 2.8% compared with previous year. Due to high consumption tax in Japan, there is a drop of 10% in the sales volume for plywood. •Due to write off previously capitalized cost and charge related expense for these matured area, oil palm division recorded pre-tax loss of RM9 million. •Packaging division (manufacturing of tapes and foil)'s revenue also had a drop of 15.5% compared with previous year. •WTK's timber division performance is guided generally by the Japanese housing. •Company remain "cautiously optimistic" of prospects in Japan and confident for the boost plan for infrastructure, construction and services in India. •WTK's planting programme expected completed by 2018. •WTK also confident for the new step of participation in oil and gas industry. •The receivable is decreased with RM 66,862,000; this is a pusher on cash of WTK. •WTK may be using the cash from debtor to purchasing inventories and acquisition of subsidiary. •The new subsidiary acquired is named Alanya Marine Ventures Sdn. Bhd (AMV). WTK is using cash amounting up to RM38, 250,000 and the issuance of 43,331,164 new ordinary shares at issue price of RM1.30. •WTK venture into the oil and gas industry via AMV’s interest in Nautical Returns Sdn. Bhd (NRSB). •Director confident about the NRSB able to achieve minimum profit after tax of RM 10,945,268 and RM 17,189,198 in year 2015 and 2016 respectively Q1''2015 Analysis
•From the diagram above, overall performance of WTK is not well.
•Drawdown of trade financing facilities with amount RM 51,937,000 make the positive financing cash flow result. •Highlight of profit before tax compared with Q1''2014
1.Revenue of Q1''2015 has a drop of 5.79%. 2.Net profit recorded worst with drop of 65.20%. 3.Oil and Gas's RM 180,000 revenue produce RM 1,650,000 profit before tax and this profit contributed 22% of total profit in Q1''2015. This was derived from the provision of Accommodation Workboats (AWBs). 4.Timber recorded drop of 61.70%. This was mainly due to continued wet weather condition and festive seasons. 5.Plantation's loss increased by RM1,791,000. Mainly due to insufficient fresh fruit bunches production volume coupled with weak (Crude Palm Oils) CPO prices to cover the operational costs. 6.Manufacturing and trading segment also had a drop with 49% and 11% respectively. Mainly due to the reduced volume for foil products.
•Fong SiLing (冷眼) was acquired 5,000,000 or 1.05% of shareholding in year 2015.
•Reason of Fong SiLing is shareholder maybe he is looking good for the new step in oil & gas industry of WTK. •Datuk Wong Kie Yik who is the Chairman of BOD is keep buying the WTK shares. He was acquired total 534,000 shares with average price of RM 1.12 from 9 Jan until 17 Jun 2015. •Company has an action of share buy back on 3/3/2015 with 10,000 shares at RM1.17.
WHY RAIDER THINK IS POSITIVE ? BCOS OF HUGE UNDERVALUATION LOH......!! THE TIMBER PRICES ALSO MOVING UP MAH....!!
As I was writing this, most stocks have started the rally.
Below are just some stocks which I think can have in my portfolio in order to have reasonable return. Buying and selling at your own risk. I will give my own desired cost to buy, and also will have more analysis on each stock moving forward.
I think by focusing more on just 10-15 stocks will make us more focus, also the same time my website/ blog here can be more focus on analysis which I think most of us here readers wanted.
I shall speak lesser on market/ economics, and might just focus more on analysis.
2016 STOCK PORTFOLIO
1. KESM- RM4.00 range 2. HHGroup-RM0.45 range 3. GSB-RM0.09 to 0.10 range 4. Elsoft-RM1.75-1.80 range 5. Landmark-RM1.20-1.30 range 6. GENM-RM4.00-4.20 range 7. GENTING-WA-RM1.05-1.10 range 8. Solution-RM0.30-0.33 range 9. Gadang- RM1.40-1.45 range 10. PerakCorp- RM3.00-3.30 range
some others still monitoring now: BTM-WB, LFECorp.
Able to predict/forecast/expect good ROE/ROI for individual company not really superior to ability to foresee incoming thunderstorm. When market crash, bad share drop, good share also drop. Just KIV those good ROE/ROI companies and wait for opportunity.
I am of the opinion world market already show symptoms it is heading for severe correction:-
1. Greece problem solved. Why DAX, FTSE, DJ, Nikkei starting to plummet? 2. China market is highly unstable. 3. Oil price drop. Commodities drop. Gold price drop. 4. USD up and up. 5. FED going to raise interest very very soon. 6. Emerging economies suffer forex heavy losses. 7. Malaysia is worse. Suffer extra problem of political instabilties, 1 MDB scandal, MARA scandal, FGV scandal and many many more......
So For Malaysian market, good to hold more cash from now on. 山雨欲来风满楼
There are another 2 situations where the stock prices are below the asset values.
1. Closed end funds.
iCap has been trading for a long time now at a discount of 20% to its NAV. This is often the case with other closed end funds too. It would appear that investors give a "fair value" of 0.8x NAV to these stocks. YEAH WHY MUST IT BE ALWAYS TRADE AT A DISCOUNT ?
2. Holding companies.
Generally, holding companies are traded at a discount of 20% to its sum of its subsidiary asset values. This discount persists for a long time. WHY MUST IT ALWAYS TRADE AT A DISCOUNT ? BERKSHIRE HATHWAY TRADE A PREMIUM MAH....!!
For those who are not so knowledgeable, they might think that this discount represents a bargain in the market. Yes, it is a bargain in the actual sense of the word, but to obtain a capital gain, you would need to see the price going to its asset value; and they will be disappointed. [/quote]
NORMALLY THOSE COMPANY, TRADE AT A DISCOUNT...BCOS INVESTOR....DO NOT THINK OF IT HIGHLY ON ITS PROSPECT ....LIKE ICAP LOH....!!
IF U LIKE A MARKET....AND U HAVE NO TIME....TO DO TOO MUCH RESEARCH....LOOK FOR A CLOSE END FUND....THAT TRADE AT A BIG DISCOUNT....TO BUY IN.....!! THIS IS ONE OF THE BEST STRATEGY TO GET EXPOSURE LOH.....!!
Gambling cash management Bacarrat:- Continue buying win side until 2times not effective. Capital= x20 rounds. If one hand bacarrat $100, have to bring $2000 capital. Continue roll the winning if continue in winning position. Stop playing after 2 times error.
If like got dragonx10, win till siao. If $100 buy banker, continue open banker win x10
Then 100--200--400--800--1600--3200--6400--12800--25600--51200--102400. Wow!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
paperplane
1,403 posts
Posted by paperplane > 2014-12-31 16:50 | Report Abuse
Thanks Tan. Great effort. Like your software.