Of course there are some technical differences between bonus & split but to common ppl like us those differences has no tangible impact to us. Neither generates any additional value apart from the perceived benefit of better affordability! And the benefit of affordability would only be realised at stock price x-bonus, not x-announcement.
It's very healthy to allow some breather for the market the digest steroid #1 before injecting steroid #2 to kick-off another euphoria of buying frenzy over the next couple of wks! Then we can look forward to another party with another.........UMA?
Yes, the day would come when all remain get wiped out BUT is it going to be anytime soon? Is the Malaysian economy and political situation ripe for the bears to come out to play? Don't think so, especially when the next GE is just around the corner. Putrajaya just could not afford to endure a bearish market in the run-up to the GE.
Agreed that JHM is a very small counter which can be easily cornered by any market manipulator. That's why we should not try to out-smart it by trying to time its price fluctuation. We will end up with our hands burnt badly if we do that. As small fry, I always believe we should only consider the medium to longer term prospects both of the company & overall market. Just ignore the short term fluctuation!
Why are you so pessimistic? Or do you pretend to be so pessimistic? Just one-day's retreat after so many day's consolidation. In other words, just profit taking. Don't think too much.
Totally agreed that this consolidation is healthy for the counter's long term rally. Let's not get stressed up with its short term fluctuation. Btw, it appears to have build a very strong foundation of support at 4.00!
KUALA LUMPUR: JHM Consolidated Bhd, whose share price has surged 30% since the start of this month, announced a proposed one-for-one bonus issue plus a proposed private placement to third parties.
The Board is not aware of any corporate development that has not been previously announced that may account for the trading activity, including those in the stage of negotiation / discussion.
However, the Board had on 6 April 2017 approved the following: (i) a proposed bonus issue of 123,732,500 new ordinary shares in JHM to be credited as fully paid-up on the basis of 1 Bonus Share for every 1 existing JHM Share held on an entitlement date to be determined later (“Proposed Bonus Issue”); and (ii) a proposed private placement of up to 10% of the enlarged total number of issued shares of JHM (excluding treasury shares) to third party investors to be identified and at an issue price to be determined later, after the completion of the Proposed Bonus Issue (“Proposed Private Placement”). (collectively referred to as the “Proposals”). http://www.malaysiastock.biz/Company-Announcement.aspx?id=963867
"to support an automotive lighting deal that will generate US$50mil per annum starting next year." >> new RM200mil contract to kick start by 2017? >> versus FY2016's Revenue = RM193mil.
FY2016Q1 @ RM45mil FY2016Q2 @ RM47mil (+2mil, almost flat) FY2016Q3 @ RM45mil (flat) FY2016Q4 @ RM55mil (+10mil, a good jump) from the trend, seem like US$50mil contract only possible to kick in slightly at Q4 and maybe not... So, revenue will be boomed in 2017? Let's see.
The 90% of existing total revenue is derive from North America segment... the coming US50mil contract also is from North America!
Let's imagine what if all possible earning streams started to contribute to company earning as below:
公司的成长信息(拥有4个引擎的公司!): 【=A=】】 JHM未来的成长重点: (1)现有的LED车业,贡献了80%的营业额,主要的市场是北美洲。预测北美洲还有不错的成长空间。【旧引擎】 (2)将会打入(欧洲 + 日本)的LED车业的新市场。根据网络的资料,(欧洲 + 日本)加起来的销售值,会来得比北美洲大一些。(注:日本占了大概1/3的亚洲销售市值。)【新引擎】 LEDinside Estimates Automotive LED Market Value to Reach US $2.29B by 2020 (Link: http://www.ledinside.com/node/24379) (3)申请AS9100准证来打入航空LED的新业务。航空LED的销售市值,非常接近全球汽车LED的销售市值。但是,JHM打算做航空LED的内部灯(内部LED灯其实市场已经有其他竞争对手),销售市值不懂占多少。但是那些产品的市值应该对JHM已经是属于一个龙大的市场了。航空合约可以长达30年,高entry barrier的业务。【新引擎】 Aircraft Lighting Market worth 2.55 Billion USD by 2021 http://www.marketsandmarkets.com/PressReleases/aircraft-lighting.asp (4)航空零件制造新业务。这个市场非常庞大。到时就要看JHM所做的是哪些航空零件的部分。参考SAM的book order,是以20-30亿来算。此业务应该需要时间贡献。预测是2018年或过后的事情。【新引擎】 (5)公司高层希望要在3年后达到汽车业务 50%:50% 航空业务的目标。LED汽车业务的成长力度可不小,如果到时航空业务也能达标,可以想象可成长的爆发力。
【=B=】再配合一些公司动作所带来的副作用(成长股的效应来得比有效): (6)转主板。只要公司表现到属于一个高成长,业务又稳定的公司,到时可以吸引更大型的基金进场。【By early of 2018】 (7)红股的效应。【Confirmed】 (8)市场先生给更高的PE,比如GTRONIC,VITROX,INARI都属于PE15以上的成长+业务稳定的公司。也是基金的最爱。(ELSOFT,MMSV,却少爆发性的成长,也值得PE10以上。)【Confirmed】 (9)开始派发股息。【Predict after aerospace segments have settled down】
So, can JHM become a billion market cap company (pre-bonus price @ RM8)? Seem it can go far beyond that to become a double digit RM company (pre-bonus price).
The volume says it all.......few ppl are interested to sell at the current price! The support level at 4.00 is really strong. Healthy for the counter as a springboard to the next level.
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Posted by randomwalk > 2017-04-07 12:42 | Report Abuse
Of course there are some technical differences between bonus & split but to common ppl like us those differences has no tangible impact to us. Neither generates any additional value apart from the perceived benefit of better affordability!
And the benefit of affordability would only be realised at stock price x-bonus, not x-announcement.