Problems always with GLC though they can give more div but those Chinese investors don't make the price high. In bursa, they are many Chinese investors prefer those managed by Chinese company. You compare Maybank and Public Bank/ Hong Leong Bank can see the difference. So we can room to pick those stock with high div from GLC easily. Ha.Ha!
Crony, politically-connected or whatever, must always remember our main goal: to try make money from the market. Don't know how low Media Prima might go but the dividends have been okay enough. In depressed market conditions, getting dividends is something comforting.
EPF's remiesiers or fund managers are the one dispose it. Sometimes, you can see funny things happening like this case. I doubt the other fund managers buy cheap from EPF at this price. All these funds cooperate to make money for themselves at the expense of EPF members/contributors.
2016 adex expected to improve Overall, 2015 total gross adex has been weak with the implementation of 6% GST, lower oil prices and weaker MYR hindering any potential adex growth YoY. That said, we expect 2016 total gross adex to exhibit positive adex growth YoY as we enter the new year from a low base. Adex sentiment is also expected to improve with major sporting events (Summer Olympics and UEFA Euro Cup) scheduled to take place in mid- 2016. Our 2016 total gross adex forecast of 5% YoY is based on 1.1x real GDP growth. We remain NEUTRAL on the sector with BUYs on Media Prima (MPR MK; TP: MYR1.53) and Media Chinese International (MCIL MK; TP: MYR0.73) on undemanding valuations of ~10x CY16 PER and ~1x CY16 P/BV. Dividend yields are also attractive at ~6%. http://klse.i3investor.com/blogs/kltrader/90181.jsp
================================ Cropped from Analyst's Report for sharing ================================
ISIN Code : MYL4502OO000 Group : Media LT P/E : 9.2 Sector : Broadcasting & Entertainment LT Growth : 6.3% Market Cap : 0.34 Div Yield : 7.9% G/PE Ration : 1.55 Vol1M : 30.9% Beta : 47
1. Global Evaluation-->Positive: The stock is classified in the positive zone since 19/01/2016.
2. Interest--> 4/4: Very strong interest since 19/01/2016.
3. Earnings Rev Trend--> Analysts positive since 20/10/2015: Compared to seven weeks ago, the analysts have raised their earnings per share estimates. This positive trend began 20/10/2015 at a price of MYR1.29.
4. Valuation Rating--> Strongly undervalued: Based on its growth potential and our own criteria, at its current price the stock is strongly undervalued.
5. MT Tech Trend--> Trend neutral but previously positive (since 19/01/2016): The stock is currently trading close to its forty day moving average (changes between +1.75% and -1.75% are considered neutral). Prior to this (since 19/01/2016), the stock traded above its moving average. The confirmed Technical Reverse point (Tech Reverse - 1.75%) is MYR 1.35.
6. Four week Relative Performance--> 2.7% vs KLCI: The four week relative over performance versus KLCI is 2.7%.
7. Risk Zone--> Low: The stock is classified in the low-risk zone since 05/01/2016.
8. Bear Market--> Very defensive positioning during market declines: On average, the stock has a tendency to minimize the drops in the index by 0.6%.
9. Bad News--> Slight market sanction in case of specific pressure: When the stock's pressure is specific, the market sanction on average is 3.5%.
10. Mkt Cap in $bn--> Small-cap: With a market capitalization <$1bn, MEDIA PRIMA BHD is considered a small-cap stock.
11. G/PE Ratio--> 1.55 >40% discount to expected growth: A "Forecasted Growth + Estimated Dividend Yield/ Estimated Price Earnings" ratio higher than 1.5 indicates that the stock's price presents a discount to growth >40% in this case.
12. LT P/E--> 9.2 (Estimated PE for 2017): The estimated PE is for the year 2017.
13. LT Growth--> 6.3% (Current year to 2017) annualized estimate: The annualized growth estimate is for the current year to 2017.
14. Avg. Nb analysts--> 14, Strongly followed by financial analysts: Over the last seven weeks, an average of 14 analysts provided earnings per share estimates.
15. Dividend Yield--> 7.9%, Dividend is not sufficiently covered by profits: The twelve month estimated dividend yield represents 72.1% of earnings forecasts.
16. Beta--> 47, Low sensitivity to KLCI: For 1% of index variation, the stock varies on average by 0.5%.
17. Correlation--> 0.15, Weak correlation to KLCI: Stock movements are totally independent of index variations. Value at Risk 0.21 MYR: The medium term value at risk is estimated at MYR 0.21 or 16.4%. The value at risk is estimated at MYR 0.21.The risk is therefore 16.4%.This value is based on the historical volatility for a medium time period (1 month) with a confidence of 95%.
Media Prima DY base on i3 info is 7.81%. Since EPF last transaction is a sell can EPF declare higher than 7.81% for 2015 dividend? Why they dump this "establish" company in favour of less establish one like JAKS, SKP, etc? http://klse.i3investor.com/servlets/stk/fin/4502.jsp
"We would rather go into established company because we are a retirement fund and cannot take on too much risk."-Deputy EPF CEO(Investment) Datuk Mohamad Nasir Ab Latif said in Starbiz on 5th Feb.
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....
Beza
1,847 posts
Posted by Beza > 2015-11-27 11:30 | Report Abuse
Problems always with GLC though they can give more div but those Chinese investors don't make the price high. In bursa, they are many Chinese investors prefer those managed by Chinese company. You compare Maybank and Public Bank/ Hong Leong Bank can see the difference. So we can room to pick those stock with high div from GLC easily. Ha.Ha!