Grandma will be looking at this once Kimlun is done next 4 days. Recalculate RNAV adjustment to expected increase of 20% to RM3.10. Factor the same discount should be worth RM2.48. Target doubling market cap by 2016 is around approx RM4 should still land around RM2.48 for 2013.
If what young man Russ predict is accurate, this should be the catalyst for the fair price also. All in all they have to compensate also for the delays in Mews and Iskandar. Hope the timing is permissible for Grandma to enter
Where have all the old warriors gone .....hmm all new ppl I see. This is the only company I know which is having a Deputy MD. Not bad considering he is out to be the man a new energy to drive this company. Iskandar will definitely move now. 2 big investment into this area recently.
Why is Grandma looking at this counter? Looking at the PE, PB, PS, PC at this point may not exactly be exciting especially PE 17. However, looking at Penang and Medini potential is exciting. Grandma will leave out Medini becoz there is a lot of info you can get if u do your homework. Everyone is now awaiting the 4 major approval. 2 of it will affect the stock greatly.
Approval 1. STP2 which will carry a GDV 12 billion. The location is on north east of Penang Island Tanjung Tokong side. This will definitely see a PB and PS improve greatly because the last take up of this project receive an overwhelming response. Something like 2 weeks 75% take up mostly foreigners, Taiwan and Singaporean.
Approval 2. Penang - Butterworth tunnel. If this one happens , this will b near Tanjung Tokong as well. Immediate prop of the value to the properties in Penang Island couple ith the 2 other bypass highways within Penang due for approval.
On the political part, would it be better to get STP 2 approved first? After all Sime is still a GLC status and maybe a hindrant ith the Penang state govt. So in short, get STP 2 done and announce first before any other announcement . So base on this, Grandma believe strongly on the above share over and above the immediate FA and TA
Hi Grandma, your statement makes most sense. As it gets close to the calendar closing Dec and fiscal closing Mar, this has to be done quickly. June was the initial date for STP 2 confirmation this year and I am also receiving a lot of information on the 760 acres focus residence and commercial......so your approval 2 may mean also a proper township planning together with the Gurney-Lebuhraya Tun Lim Chong Eu bypass and the other Lebuhraya Tun Lim Chong Eu - Bandar Aye Itam bypass.......together with other smaller planning.
And Yes it may not be as favorable for STP2 in representation by Sime for approval, also I hear mainly the connection still too strong to Cimb broking the deal which CM does not like.
Appreciate if you can share on the worth in terms of all the Price ratios you mentioned moving forward as this will make more sense for me as investor to know the intrinsic as u always mention. Tqs
FD, pls read the earlier post by Grandma on RM2.48 if all goes ahead as plan towards 2016 and price not tandem should see the PB lower if market price is lower compared to book value. Currently at 1.59. Grandma not worried as niche market affilliation is Asian market buyers.
The rest of the other parameters/indicator are within and marginal but if you check all these while they are a player who delivers and moreover Grandma like PD counter to do avg Nett near or equal or more 25% of Revenue. This means they need to push a little harder and Penang seem to be delivering. KL and Iskandar slower but Grandma believe is picking up.
"As of Jul 26, 2013, the consensus forecast amongst 5 polled investment analysts covering Eastern & Oriental Berhad advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Jul 23, 2013. The previous consensus forecast advised investors to purchase equity in Eastern & Oriental Berhad."
E&O showed weakness today by breaking below its previous break out level of $2.03. Any rebound towards $2.03/$2.06 may invite sellers from previous trapped buyers who bought near $2.10. More consolidation is expected in near future towards support at $1.96 and strong support at $1.90.
As suggested E&O today consolidated towards its support of $1.96 to shake off those weak traders. It signal trading opportunity when rebounded above $2.03 but could not take off the $2.06 resistant. E&O is expected to re-test its Strong resistant of $2.10 soon and a break above $2.10 with volumes it should be moving upwards again.
Happy Morning Bro Matrix, ..... mkt red ya.. it's always got to happen tis way ., cant choose a better time ..Fitch downgrading , Petronas delaying Rapid blah blah... always adding salt to its wound. Sori despite all this, yah stil hv a Happy day k n keep smiling ....
Bro Matrix wonder if u r tracking Tropicana ? If yes mind to share.
Sis Metta, Tropicana not in my radar yet. My Maybank share live feeds is down at the moment, so cant help maybe tomorrow K? E&O is still inside range of $1.96/$2.06. Yap..we need to keep smiling even market is down. Follow the trend... this is not the first time market is down more than 20 points. I cut losses on some of my counters today to protect my capital.
Sis Metta, i have a quick look for your Tropicana. Here is the analysis: Trop broke down from its trading range of 1.81 to $1.94 yesterday. Today the broke down was confirm and by calculation it should go all the way down to $1.68 which it did. It touched $1.69 before rebound and close at $1.77. Chartwise it is most likely to trade from $1.68 to $1.81 for the time being. Hope you have sold when it broke $1.81.
Note: E&O has formed a Sysmetrical Triangle, now it is still under consolidation.
Hi Bro Matrix ,Thanx so much for taking d trouble on Tropicana. Really appreciate. Got in late frm work ystdy night. Glad today mkt improved . I believe brings back a lot of smiles to many ppl. Well hope 2molo it can continue its march up North.
So I c u r into other stock ya.. So ur posting. Coastal in your radar ?
Sis Metta,Costal hard to trade.. the stocks i am in are : Gtronic( Today break new high), Huayang, Dayang( In dangerous position), GOB (Break down from uptrend yesterday due to bad market sentiment),LonBisc, E&O...Today i bought in KimLun.. I am waiting to re-enter Alam.
Here let"s discuss E&O.. E&O--Trading on the upper end of Sysmetrical Triangle which is good sign. If E&O can break above $2.10 with VOLUMES it will ROAR.. As suggested it is consolidated between $1.96 to $2.06 range.
Ya, Bro Matrix, Coastal reli very susah one lah. My heart ache so much. B coz of greed, miss d last high at RM 3.17 than water fall south . Bite d bullet , rebounded hope for a gud push than down grade by Fitch. Lost patient sold ystdy n today nice. Aiyah yah... any juz let go frustration only. M still blessed for the profit
E&O still hv hoping for low to top up..
Iwalk u bought in Tropicana ystdy ? Mine din match q at 1.65 hoping to average down .. Wow was lucky I took a peek ystdy otherwise missed Bro Russ's commentary.
Bro iafx, thanx did notice the post. I think I fall under category 2. Always selling off my winning stock 2 early...hahaha. At times I feel m jinx .. Those I sell px head north, those I hold px move south...so next time round , when I sell u buy sure win... Hahaha
Sis Metta, Trend and volumes to me are the 2 most important catalyst that drive a stock. let"s look at E&O,today the volume contracted even more which to lots of traders are worrying, for me during consolidation it is good sign when it contract significantly.In facts if next 2 days volume contract more maybe it will move soon. (My analysis maybe differ to lots of traders there but i am only giving my opinion and like evryone else i do make mistakes too). The avearge volumes for E&O is about 3 million and you would need minimun double or triple to confirm the breakout above $2.10. I will normally add more when it does that. Still dont takes this as a buying advice because you need to do your analysis and in stcok i do not believe that you can always buy low and sell high... Buying is easy BUT selling to lots of traders are hard because of greeds. Also if you had made a mistake admit it and cut losses to protect your capitals and move on, ego is our worst enemy. Do not live in HOPE in trading. Hope this help you for your future trading.
Ya, totally agree with u buying is always easy n selling is hard due to human greed ( remind me of my Coastal ). Ya m green horn n learning everyday .This forum now has become my free time reading especially in d evening. Not too bad ya, Free lecture everyday and I think m getting wiser and hope to graduate ASAP......hahaha.
I am certain your sharing here definitely guide me in my trading !!! Will definitely keep a close watch on E & O. By d way Bro Matrix were u around when Tommy Kor Kor was here ?
Thanx Bro Matrix , Bro OTB n other sifus for your kind n generous sharings....
Sis Metta & pathew , I am not a sifu... This is an Open Forum & I think those that share their knowledges actaully meant good. Do your own reserach and stay with your own plan. For E&O i like this counter as i had locked in lot of profits from it... I wish it will break from the Triangle soon so that i can ride on it again... Sadly i am going away on 8th August for my long holiday.. Have a nice weekend...
Hi Bro Matrix , so won't be hearing frm u for awhile ya...Guess u hv given instruction for your E&O to your remisier. Wow really envy u , u sure is living life ! Have a safe n blessed vacation. Hope to hear frm u when u r back !!!
Thanks Sis Metta, i only leave on 8th Evening. For E&O volumes contracted further today. Is it readied to break out from its symetrical triangle soon? The first sign of break out is surge of volumes and pass above $2.07. Confirm breakout if break above $2.10.
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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....
Grandma
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Posted by Grandma > 2013-07-25 21:58 | Report Abuse
Grandma will be looking at this once Kimlun is done next 4 days. Recalculate RNAV adjustment to expected increase of 20% to RM3.10. Factor the same discount should be worth RM2.48. Target doubling market cap by 2016 is around approx RM4 should still land around RM2.48 for 2013.