Dun mislead people....if like that the property stock already plunge to botttom this few days....the price now already reflect the outcome of budget...
It is not a misleading statement but just a general advice to share with investors to take precautionary measures to reduce risks ahead of the implementation of higher RPGT.
Whether the current share prices for property stocks having consolidated considerably & already been reflected on the outcome of the Budget 2014, time will ultimately reveal the truth.
My statement is not a solicitation to buy or to sell any security, & at the end of the day final decision to buy or sell is your sole responsibility. Thank you.
0.92 is a very stubborn tough res & wonder how to break the major res 0.965?? It is an Ascending Triangle & with today's vol, it needs few days to accumlate first then the probability to break 0.965 will be high.
Stochstic bullish crossover and MACD already turned positive, earlier. Gogo if 96 broken on high volume and stayed above it. Those not in could can buy 1 bit above or more.
Posted by kcchongnz > Aug 21, 2013 06:08 AM |Report Abuse
Posted by Steve Jub > Aug 20, 2013 08:15 PM | Report Abuse kcchong, for malton, i saw the net asset per share pretty high (1.37) and PE ratio pretty low (5.84). what do you think of these 2 area?
steve, you are talking about the financial results ended 30/6/2012 which is more than a year ago. Malton's 2013 results will be announced soon. So the PE ratio you are referring to is history. But even for the 2012 results, you notice that revenue and profit has declined. Malton reported that they made 64.4m, or 15.4 sen per share in 2012. But show me the cash. Why is that that year they have to pay out a net cash of 52.6m? What is this 118.2m as "short-term fund" appearing in the "Cash Flow From Operating Activities" statement? Strange. Now let us come back to its 2013 ending 30/6/2013 which will be announced soon. I won't think it will be pretty. The three quarters results showed that it only make 19.2m or just 4.6 sen per share. What do you think the EPS will be for this last quarter? How much higher can it be when compared to its third quarter of just 0.36 sen? So what is its latest PE ratio then? Don't forget that it has loan stock and warrant holders who are also will be sharing any profit made in the future. Earnings is one thing which I never trust it standing alone. Look at its cash flow. Just three quarters, its CFFO is a negative of 192m! this is a result of increase in inventories and receivables of 83m and 215m respectively. As I have mentioned, the total inventories and receivables amount to 437m as at 32/3/2013. They are already more than its NTA of RM1.43 in its balance sheet. These assets are what I consider as "bad" assets" My feeling is that Malton will soon try to borrow more money from the bank. I don't know the bank will lent them any more and if not, a right issue or private placement is on the card.
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....
tntbuilders
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Posted by tntbuilders > 2013-10-09 20:55 | Report Abuse
Dun mislead people....if like that the property stock already plunge to botttom this few days....the price now already reflect the outcome of budget...