Earnings Outlook 4Q FYE DEC 2013 RESULTS REPORT (latest report by ENET Research) -- available in Bursa Malaysia
Masterskill Education Group Berhad is one of the leading players in the provision of nursing and allied health education in Malaysia. It operates two education institutions, ie ASIA Metropolitan University (AMU) that officially attained university status in 2012 and Masterskill Global Colleges (MGC). AMU is strategically located throughout Malaysia operating three campuses in Cheras, Petaling Jaya (Selangor) and Seri Alam (Johor). The MGC campuses are located in Ipoh (Perak), Kota Bharu (Kelantan), Kuching (Sarawak) and Kota Kinabalu (Sabah). The group offers different types of courses ranging from Doctorate, Master’s, Bachelor degree programmes, diplomas as well as foundation programmes.
Moving forward, MEGB has initiated a two-pronged strategy to diversify its product offerings and to pursue growth in international markets. Firstly, it has expanded into non-health science programmes which include business and law, hospitality and tourism, information and smart technology. In addition, MEGB will also focus on international market expansion through franchising and bringing in international students to its Malaysian campuses.
However, these initiatives will only have a more significant impact over a longer-term. Meanwhile, its financial performance is expected to remain under pressure due to lower student enrolment and a gradual declining cost base.
In the immediate term, it has embarked on major cost cutting initiatives to reduce operating costs. Ipoh and Kota Bharu campuses will be phased out. Plans are underway to move operation of medical faculty in Pasir Gudang to Cheras. Upon completion, the campuses/properties in Ipoh, Kota Bharu and Pasir Gudang will eventually be disposed of.
We are maintaining our Hold recommendation on the stock. Although the current share price of RM0.30 is sharply below its latest FY13’s NTA of RM0.61/share. Nonetheless, against the backdrop of a continued loss in FY14, its NTA will continue to decline further.
This counter is hopeless, like MAS. Never touched. its financial performance is expected to remain under pressure due to lower student enrolment and a gradual declining cost base.
It seems to be me the purpose of the agreement is to jack up the price and then once it reach their target then they would the OPTION TO CANCEL the agreement. RM1.10 is almost 250% of what is the price now!
The major shareholder of Masterskill Education Group Bhd (MEGB), Siva Kumar M. Jeyapalan, has entered into a put-and-call option with an individual from Hong Kong to dispose of his entire stake in the education group for RM1.10 per share, which is a premium of 172% from its closing price of 40.5 sen yesterday... - thestar
haha . i've told before .. kih kih kih buy call since 0.38 . kih kih kih . let us sail together before abandon together . for those still not buy , please do so . kih kih kih . profit.. profit ..
alex, education can be super lucrative. only the present owner lousy and funny. if they can rebrand this uni and tie up with foreign uni. 200m profit a year is not a dream. what business is better than giving u a certificate and u pay for rm100k?
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....
Soo Wai Leng
81 posts
Posted by Soo Wai Leng > 2014-03-01 01:11 | Report Abuse
new target 0.10, congrat owner sudah cabut