Calvin, you think RM5 really possible meh longterm for MUIIND, until I see Debts paired down,,,, interest rate will move up very soon, MUIIND has to paired down the 1bil debts fast, if not it is killing the cashflow.
The Management of MUI Group must pare down debt first. All profits from other operations are eaten up by high interest. It will take some time before value emerge.
Is Spore GIC or TTB supporting Parkson near closing?. If so buy Parkson on weakness and sell back to them (Accumulating Fund) on strength. However, this is tricky.
The Management of MUI Group have been in/out and around about with PN17 of the group. Just rotating the assets, selling each at higher price. The money goes to shareholders pocket as cash payout.
But how can MUI Group pare down such huge debts if not by selling assets? If sells assets, it will affect future cashflow as well....unless they sell those lands bought many years ago, and hope can reduce the debts slowly...
Poor result price in as parkson share price has dropped quite significantly since the last result announcement. The concern here is when is the turning point or still continue down hill.?Anybody has some answer
I just look the the company financial. the shares is currently traded closed to Net asset RM 2.68. It has cash & cash equivalaent of RM 3.4 billion. Should use the money to buy more of the treasury shares to support the comapny shares. why keep the cash earning low interest rate.
PARKSON Earning Pending On Parkson China 3368.HK , recently Hong Kong Rental, Salary, Lower Operating Margin Hit PARKSON China, so, it need "some" time to recover...TP unchange RM2.40 (Give 28 Cents Discount Premium to its Nett Asset)...Just my opinion, dun blame me ya...
Just notice the cash of RM 3.4 billion is more that the market value of the company. the share capital is only 1 billion at the current prce is only RM 2.8 billion. the cash can buy the whole parkson.Off cause have borrowings. How to value this company?
2QFY14 net profit missed our and consensus’ expectations. Earnings were dragged by weak China operation, while Malaysia and Singapore markets were flat. Cut FY14-15 EPS by 28-31%. Maintain Fully Valued with RM2.25 TP.
If YTL Power can distribute 1 for 20 treasury share now Parkson can give 1 for 25 treasury share if they want to. However Parkson can still buy back every day as their buyback is not reaching 10% unlike YTL Power. Can Parkson ever reach RM2.25 TP by AMMB? Only time will tell.
If the management did not back up and profit keep droping, it will reach there. i hope it will turnaround and also start to distribute dividend and don't keep so much cash. somebody should raised this in the AGM.
Yes. While the retail holders are selling. S'pore GIC continue to provide support. And Parkson own share buy back has weakened to just RM2.73 to RM2.74.
This is a clear opportunity to buy low (if it should suddenly dip a lot) and then sell back to Parkson on share buy back. Interesting game here. But only danger is if Parkson don't buy upward - then you are caught!
I think there are better supported shares that will go up on its own merit. As I said Jaks will be in play if Water Project is Awarded Soon.
WOW! So Good! Whole Day .Traded at RM2.71. Last Minute Share Buy Back Pushed Up All The Way To RM2.79. If You Park At RM2.71 or RM2.72 to buy earlier in the day. Then At The Closing Park Higher at RM2.78 to RM2.79 You Will Sell Back To Company. The Company Is Like A Father Taking Care of His Son.
The current main seller i think should be Kumpulan Wang Persaraan, whom already ease as major shareholder on 6 Jan with stake below 5% (4.859%). Assuming, KWP continue selloff their remaining stake, and assuming most of the selldown share pick up by share buyback, its residue stake could be now merely less than 1.5% after take inot account increase share buyback treasury stock increase from 2.65% to current 5.94%
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....
SexC
350 posts
Posted by SexC > 2014-02-24 17:07 | Report Abuse
2.80 o... wah