Posted by JimYeoh > 2012-11-29 17:14 | Report Abuse

1H net profit 39.763 million (decreased 3.47%)

Posted by Najib Zamry > 2012-11-29 17:23 | Report Abuse

KFima 2nd quarter results:-

Kfima has recorded Profit After tax of RM19.03 million vs RM16.938 million same quarter last year.(15% increase q vs Q )

EPS stood at 7.16 sen for this quarter and Total EPS for 1st 6 month stood at RM14.96 if annualise 29.92 sen.

Posted by tuniamasingh > 2012-11-29 17:33 | Report Abuse

NZ, thanks for the news. Bravo for the management.

It is indeed good news to KFIMA since the company still can record 15% increase in profit after tax this quarter vs same period last year. Not many companies have recorded such impressive q vs q increase in the tough operating environment especially the plantation business

EPS of 29.92sen will translate at p/e 6 at current price of RM1.83.

Cash per share at the high side of RM1.00 per share that means we are paying 0.81 for the company.

Posted by Fat Cat Tim Buddy > 2012-11-29 17:37 | Report Abuse

lol way better than my estimation ...

it must be due to kc loh and mangali bought a lot of king canned sardine for their lovely weekend picnic hahaha

Posted by KC Loh > 2012-11-29 17:38 | Report Abuse

:)

ohh... cannot even start on my roti sardine! didn't buy after that! hehe

Posted by kcchongnz > 2012-11-29 17:43 | Report Abuse

Why can't i open the detail financial statements? Anybody can and how?

Posted by tuniamasingh > 2012-11-29 17:44 | Report Abuse

Try this KC Chong ....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1131817

Posted by kcchongnz > 2012-11-29 17:47 | Report Abuse

T N S, I try that but the "attachment" won't open.

Posted by tuniamasingh > 2012-11-29 17:48 | Report Abuse

replace your computer then...ha ha

Posted by kcchongnz > 2012-11-29 17:48 | Report Abuse

or rather the attachment is blank!

Posted by tuniamasingh > 2012-11-29 17:49 | Report Abuse

I am fine with both my Iphone and laptop...

Posted by kcchongnz > 2012-11-29 17:50 | Report Abuse

iayah lost so much money in the market already woh. Where got money to replace?

Posted by kcchongnz > 2012-11-29 17:52 | Report Abuse

no wonder, i am using my XT

Posted by tonylim > 2012-11-29 19:06 | Report Abuse

haha XT 1984 model

Posted by gark > 2012-11-29 19:12 | Report Abuse

The bulking division seems to be the growth gem.. profit increase 23% yoy. This more or less offset the lower profit from the plantation division. Kfima bulking handles both CPO, fuel oil and latex. The bulking division is the 'toll' for liquid export/imports of these materials.

Food and manufacturing there is only small changes yoy. Plantation profits fell 50% yoy due to lower selling price.

Posted by tuniamasingh > 2012-11-29 19:25 | Report Abuse

I just do a quick check on the Bursa Malaysia website and notice that less than 10% of the companies recorded growth for this quarter this year vs same quarter last year. I think the operating environment are getting very tough in Malaysia. KFIMA is quite lucky since the companies are well diversified. The management has proved that they have managed the company quite well in view of the good and consistent results achieved for the last 5 years.

If they are more proactive in capital management and more willing to promote the company to analyst (only one stock broking firm covers the company so far), the share price will not be hovering at such low level now.

Posted by kcchongnz > 2012-11-29 19:28 | Report Abuse

Managed to look at the detail financial report and statements. Well nothing new to talk about. It is still a wonderful company with wonderful businesses and operating numbers, and attractive valuation. Yes, also the market price refuses to move. What to do? Well just like what this wise guy said:
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
– Paul Samuelson
Have i cite this before?

Posted by gark > 2012-11-30 09:33 | Report Abuse

TNMSingh, I would prefer Kfima to be low key. Anyway i do not like companies which is too proactive in capital proposals, share split, BI etc, which does not bring real value to shareholders.

Let it remain low key, and as long as the management is concentrating more on building up the business rather than trying to jack up stock price to exercise options I am good.

Posted by KC Loh > 2012-11-30 09:46 | Report Abuse

was expecting a little kiddies group to jump at me in the expected earnings of KFima and today's share price climb! wonder where they are? :)

to the rest holding KFima, good performance and all the best!

Posted by Najib Zamry > 2012-11-30 09:46 | Report Abuse

Gark, you are right. I used to ask the management this question when I visited them that the current share price has not reflected the fundmamental of the company. The management replied that it depends whether the investors are punters or investors. The management is not too concerned with the share price rather the business model and the ability to generate consistent growth for the shareholders and at the end of the day the believe the earnings will reflect in the share price.

Posted by Hustle > 2012-11-30 09:51 | Report Abuse

Well, I'm believe currently most of us in this forum is an investor because to a professional punters is not an easy job...:)

Posted by tuniamasingh > 2012-11-30 09:58 | Report Abuse

Gark & NZ, I would be very worried if the management too concerned with the share price until they loss the business direction.

Let them concentrate to run the business as it is. We want to invest in a company where is run by a honest management instead of a bunch of idiots fetching high fat salary and bonus but do nothing to create values for shareholders. Malaysia companies are famous for board tusseling and the end of the day it is the minority who suffers.

Posted by kcchongnz > 2012-11-30 09:59 | Report Abuse

gark, right to the point. I sokong you!

Posted by Najib Zamry > 2012-11-30 10:04 | Report Abuse

Now we should understand why Schroder Ivestment,Bessemer, ING Investment are collecting the stocks quietly. For those who have bloomberg machine should be able to see that.

Posted by kcchongnz > 2012-11-30 10:07 | Report Abuse

NZ, if I have this fund kcchongInvestment to manage, I will do the same as Schroder and others too.

Posted by davidraja > 2012-11-30 10:15 | Report Abuse

My punter friends just told me that Kfima is very expensive at 1.83 and they rather buy penny stocks at 0.10-0.30 even the p/e is 300 or negative because 0.30 is only very small amount if compare with 1.83. All this penny stock they can jump in and out anytime, even with one sen profit they are very happy alredi. What is your comment all sifu?

Posted by tuniamasingh > 2012-11-30 10:28 | Report Abuse

Davidraja, I must congratulate your friend going on the "right" track but just wondering how many of them really making money. My chinese friends always said "because of one small candy one willing to give up one factory". Good points to ponder.

Posted by chongkonghui > 2012-11-30 10:53 | Report Abuse

queue to buy low at RM1.78 yesterday as average down plan but didn't done.

still on paper loss as high as 13% but confident it is not a bad investment. just be patience...

Posted by Najib Zamry > 2012-11-30 11:07 | Report Abuse

KFima recorded a +9.6% y-o-y revenue increase for 2QFY13 to RM127.8m from RM116.6m in the previous corresponding year. Net profit slipped marginally to RM19.0m (-8.2% y-o-y, +12.4% q-o-q) attributed to lower revenue from palm oil production and processing coupled with declining CPO prices, dampening profit margins. The group‟s YTD performance is in line with our FY13F estimates (9MFY13 YTD 55% revenue, 48% net profit) despite headwinds experienced in the respective divisions.
Our Outperform recommendation with TP of RM3.21, implying forward 5.8x PE multiple is derived by our sum-of-parts valuation with conservative PE multiples for the respective segments.

Manufacturing (+4.1% y-o-y, +4.6% q-o-q) and bulking (+6.3 y-o-y, +13.4% q-o-q) revenues are stable. KFima‟s first and third largest revenue and earnings contributors are expected to maintain previous year‟s performance with slight growth as i.) manufacturing volume increases, but average margin is reduced due to different product mix‟s margin yields, ii.) higher throughput from increased utilisation (current utilisation – 80%) of tanks for mainly edible oil and base oil product. By FY2014, the group will build new storage tanks for extra capacity which would translate to RM2m-RM3m in extra earnings per month for the division.

Unpredictable CPO prices. The plantation division is earning good profit margins (27% for this quarter) but due to lower CPO prices however, the “optimum” historical highs were not met. KFima‟s Indonesian subsidiary moreover only sold 19,939mt of CPO YTD with no crude palm kernel oil (CPKO) compared with 19,813mt CPO and 2,489mt of CPKO sold last year. Average net CIF selling price of CPO decreased -15.6% to RM2,421/mt from RM2,869/mt YTD causing the shortfall for the division. KFima has actually sold more CPO this year, but as profit is purely determined by CPO‟s market price, the outlook of this division depends on a favourable price scenario. The group continues to acquire palm oil lands which would expand the division‟s contributions in the near-term.

Canned tuna to take-off by 1QFY14. The division is taking on new tuna canning orders from Europe. By 1QFY2014, RM6m to RM7m of revenue is expected, with potential RM20m sales per quarter as of 4QFY14 onwards (operating at c. 30% capacity). We are estimating additional c.80% revenue for the group based on these new orders.

Still undervalued. For FY13F, KFima's forward PE multiple of 6x, for a 5 welldiversified core business entity is regarded as a discount. We believe the group remains undervalued considering they are i.) meeting earnings expectations, ii.) undertaking exciting plans to grow its tuna manufacturing operations in Papua New Guinea by 2014, expanding bulking storage and new plantation acquisitions, iii.) hold a healthy cash pile exceeding RM250m for acquisition and/or expansion.

Source: PublicInvest Research - 30 Nov 2012

Posted by Fat Cat Tim Buddy > 2012-11-30 11:17 | Report Abuse

i thought 1.79 already damn low, who know it went down till 1.77..

it how amazing that someone queue to sell at 1.78 last 2 days, and now people queue to buy at 1.86

Posted by KC Loh > 2012-11-30 11:26 | Report Abuse

Canned tuna to take-off by 1QFY14. The division is taking on new tuna canning orders from Europe. By 1QFY2014, RM6m to RM7m of revenue is expected, with potential RM20m sales per quarter as of 4QFY14 onwards (operating at c. 30% capacity). We are estimating additional c.80% revenue for the group based on these new orders.

read : http://klse.i3investor.com/blogs/PublicInvest/21609.jsp

not sardines? LOL

KFima long term buy! hopefully i can get in later in the game!

Posted by minitrader > 2012-11-30 11:28 | Report Abuse

probably DaveSingh collecting...

Posted by KC Loh > 2012-11-30 11:31 | Report Abuse

singh collecting sardines division. So i heard reports:

Posted by Mat Cendana > Nov 28, 2012 08:45 PM | Report Abuse
It's CEO said KFima made big profits. This was due to huge purchases of its King's brand sardin by an unidentified singh;-)

LOL

Posted by benjamin > 2012-11-30 11:58 | Report Abuse

Hustle,are you sure that most of us in this forum currently are investors ? Not too convincing as some of the things written here resembles night market banter. Todays contents are good. That is how it should be. Facts that can be added to our collected pool of knowledge that is happening in and around the company , in this case K Fima.As kkchong mentioned , we should not be too obsess with slight variance in the qtlys results of a very well managed company.If it is a hugh variance then one wants to know why such variance occurs. Is it one off etc. One of the advantages of investing in a well managed company is that you will have every confidence in the management to deal with the problems. And we all have a good night sleep knowing our investment is in good hands. That obsession should be reserve for border line companies. But then investors do not put their money in such companies.But there are others who like to flutter on the side to relieve the boredom . That is a different story all together.Have a nice weekend gentleman ... and ladies ifs any are reading this .

Posted by gark > 2012-11-30 12:28 | Report Abuse

KC, Kfima already have a small tuna canning division in PNG.. under Besta brand. They only started to market it this year and expect to expand.

Besta & Supreme - Sardines, Tuna
King Cup (20% own) - Sardines, Mackerel, Tuna

Posted by gark > 2012-11-30 12:31 | Report Abuse

Europe is sourcing tuna elsewhere other than Africa & Mediterranean due to protest by fishfight.net. Especially Tesco which is indicated as purchasing from non-sustainable tuna fishing & fake dolphin safe logo.

I think PGN got no dolphins right? :)

Posted by investor8818 > 2012-11-30 12:33 | Report Abuse

RIGHT AGAIN GARK

Posted by KC Loh > 2012-11-30 12:34 | Report Abuse

thanks gark, i can see that thru the link. Europe is expected to recover somewhere next year if the troika pulls it all together. looks like going big in 2014! all the best KFima. Go go go

Posted by investor8818 > 2012-11-30 12:39 | Report Abuse

KC, understand Kfima now? I think that is what Mr DaveSingh was trying to eplain to you!

Posted by gark > 2012-11-30 12:43 | Report Abuse

Greenpeace is also in the action for tuna protest.. looks like most retailers is committed (say only) to shift thier puna purchasing.. due to protest.

More info at http://www.greenpeace.org.uk/tunaleaguetable

Posted by kcchongnz > 2012-11-30 12:44 | Report Abuse

benjamin, you are right. I have been trying to suggest that this site be named as i67trade, or i69speculate. I3investor is totally wrong!

Posted by investor8818 > 2012-11-30 12:45 | Report Abuse

RIGHT AGAIN GARK, YOU SHOULD TEACH KC MORE. BEFORE HE MAKES A FOOL OF HIMSELF. ITS EMBRASSING.

Posted by KC Loh > 2012-11-30 12:47 | Report Abuse

hahaha... true colors came out! anyway, i wont fight with kids, even if he claims he is a Loh! silly sods!

Posted by kcchongnz > 2012-11-30 12:47 | Report Abuse

Oop sorry slip of the finger, should be i4trader or i4speculator

Posted by gark > 2012-11-30 12:47 | Report Abuse

Nah.. just sharing info. No need to step on anyone. I value KC's views as well..

Posted by Hustle > 2012-11-30 13:24 | Report Abuse

Hi Benjamin "investor" means when you fail to become a punters than automatically you will become a investor.But anyway,hope that you never turn into long term investor.Since the journey is very boring and you will miss lots of excited moment....Happy Gambling

Posted by tuniamasingh > 2012-11-30 14:50 | Report Abuse

ho ho... now I know why Najib Zamry also buying at 1.78.....


KUMPULAN FIMA BERHAD
Stock Name KFIMA
Date Announced 30 Nov 2012
Category Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No KF-121130-36731

Particulars of substantial Securities Holder
Name SUBUR RAHMAT SDN BHD
Address NO. 7, LORONG DATUK SULAIMAN 7
TAMAN TUN DR. ISMAIL
60000 KUALA LUMPUR
NRIC/Passport No/Company No. 150297-A
Nationality/Country of incorporation MALAYSIA
Descriptions (Class & nominal value) ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holder SUBUR RAHMAT SDN BHD
NO. 7, LORONG DATUK SULAIMAN 7
TAMAN TUN DR. ISMAIL
60000 KUALA LUMPUR

ZAILINI BINTI ZAINAL ABIDIN
231 JALAN DAMANSARA
BUKIT DAMANSARA
50480 KUALA LUMPUR
Details of changes

Currency: Malaysian Ringgit (MYR)
Type of transaction Date of change
No of securities

Price Transacted (RM)
Acquired 27/11/2012
45,000

1.790
Acquired 28/11/2012
20,000

1.788

Posted by KC Loh > 2012-11-30 15:11 | Report Abuse

Posted by investor8818 > Nov 30, 2012 12:39 PM | Report Abuse

KC, understand Kfima now? I think that is what Mr DaveSingh was trying to eplain to you!
-------

sorry little boy, i bought KFima before and made some money out of it! please read up since you claimed you have been observing! if you like to resort to name calling, please join singh's little kiddies' league or are you the kiddies president that singh enlisted to help make this nice forum into a bad one? or maybe you are hurting like doggyraja too in his loss from Kfima also?

Posted by investor8818 > 2012-11-30 15:18 | Report Abuse

Sorry Kc, Just saying you are wrong. No hard feelings.

Posted by investor8818 > 2012-11-30 15:22 | Report Abuse

No hard feeling KC, but you are wrong on most things.