hi lpy28 new in stock market... and u choose to invest in Tasek first step in the right direction regarding Tasek, capital appreciation maybe limited (maybe i'm wrong here)
No hidden value,just base on the performance.Cash in hand is around $500M.Our Economic growth is sustainable and expected infrastructure & housing project will take off as per plan.I expected new dams are on the drawing board to address current & future water demand.PE is below 30 and dividend yield around 9.5% (FD around 3-3.5%).If Warrant Buffet see this he will put all his money in this counter.
at 16++, no more room to play already , after the dividend , it may drop lower than 13.40....! Left only fund managers are buying and selling amongst themselces!
tasek cement brand name is crocodile. They even have a real crocodile in their factory. Don;t know whether the reptile still alive. Maybe it already cover with cement and solid like rock.
Tasek shareholder is 75% from Hong Leong Asia Spore (HLA) . This share is a very stable stock . Maybe one day, HLA will privatise this company.
The profit is always stable. As they are using coal as burning fuel for their kiln and with the coal price is low at this moment, therefore they are not affected by the energy cost except electricity cost. I agreed with superman and his gang ............ on all their comment.
With close to 500 million in cash. Almost no debt or borrowing. Lets wait for "rewards" to all the loyal shareholders. What say you Board Of Directors Of Tasek Cement Bhd.
Tasek shareholder is 75% from Hong Leong Asia Spore (HLA). HLA have possibility to privatize the company, main indicator is major share holder should have 25%~50% enough, less or more then that is dangerous.
A lot of construction going, need to completed all project before GST. from here need to aim all consumer and construction on this year, will have good result, and quit from the market before year end 2014.
Look carefully. the dividend per share is almost DOUBLE the earnings per share. How sustainable is this? When will the money run out, if they are drawing down their cash balance like this?
the main shareholder which is hong leong asia spore need cash to support their other business which majority are consumer business in china which are not doing so good. But so far, don;t have to worry b'cos their debt is near to zero. No point also they keep the cash in FD with limited interest rate. Better distribute.
tasek cement is a dividend stock based on the following; a) the machine (crusher, ball mill, vertical mill, kiln,,,,,) is very old. No depreciation cost. b) they are not growing anymore. They have only 1 cement plant in ipoh perak. Not like YTL cement where they need money to build new plant and expand regionally. c) the raw material (limestone) is abundance in perak where there can extract at low cost. d) they use coal to fire the kiln . The coal price is low.
The only challenge for tasek at this moment: a) electricity cost b) maintenance cost due to wear and tear of their old machine.
anything can be possible to create value if both Quek (HL Msia) and Kwek (HL Spore) want to make more money from it.
Anyway, both Quek and Kwek become super rich is due to Tasek during 1980s . If not bcos of Tasek, they won;t have MPI, HL Bank, HL Industries.....
They make a lot of money from Tasek during the construction boom business as that time . From that money, they go into semiconductor business and financial service business.
Tthe dividend per share is almost DOUBLE the earnings per share. How sustainable is this?
Let me simplify. Assume I have RM100 in the bank, my *Salary* is RM20, my *Expense* is RM40. How long can I continue to spend RM40, assuming the maximum I can increase my earnings is RM30, due to my size and various other costs?
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....
Seabiscuit
238 posts
Posted by Seabiscuit > 2014-02-25 19:54 | Report Abuse
Together with the declared interim dividend of 30% earlier. Grand total of 120%. I will take that anytime.