This company has a very bright prospect. Placement of 37.148mil shares (c.23.4% of total shares) to institutional investor and fund manager at RM1.60 to RM1.79.
Only 11,000 shares traded after quaterly result. The result is actually not bad, stable earnings, stronger operating cash flows, expected to deliver better than last year, new shareholder from Japan... they can afford to increase the dividend to above 4%.
The Japanese paid RM1.65 for the 25% share of the company. LOL
Unimech - this is one good company . Another good quarter and the price could shoot up to roof . Well managed . Good fundamentals . Believe another good w could be ard the corner . Fingers crossed
They export to Vietnam USA n China. Now trade deal phase one more or less ok ...even before that their performavsez has been pretty stable n profitable ....2020 should be even better !
A very good company that has been overlooked by investor. This company has been growing with CAGR of 11% for the past 5 years. Its products hold a strong margin at 40% and sold in fast-growing nations like Indonesia apart from msia, SEA countries and ocenia. Last year Sept japanese company kitz corporation bought 25.1% share at rm 1.65. Kitz is 1 pf top valve company in the world with global sale channels. It is an almost 70 year-old company. i believe the strategic investment of them in Unimech will provide synergistic effect as unimech products which is middle end can be distributed through kitz distribution network and Unimech can be the sole distributor of kitz products. I hope this will further increase CAGR of unimech in the near future. At current price, it is deems very2 cheap compared to what kitz paid for it
Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:
1. Parliament will be dissolved and a snap election will be called 2. A state of Emergency in the whole country will be declared by YDPA 3. Muhyiddin will resign and YDPA will appoint an interim PM 4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.
Will the market go down? Will it crash? Take profit now or wait?
Very undervalued stock, way below rm 1.65 japanese company paid for 25% share of it. It is growing really well, particularly in Indonesian. It should be valued at least above rm 2
I started2 accumulate its share after japanese company bought into it at a premium price of rm 1.65 and that was more than a year ago. There must be something special about it for the japanese to buy its share. The japanese company kitz coprporation, is world top valve company listed in japanese stock market. Unimech's indonesian subsidiary is something interesting to look at. Over 40 branches in whole indonesia with population of 270million and it is 1 of the top foreign investment country. U may go into PT Arita Prima, its indonesian subsidary's page in facebook and knew more about them
I thought this company having huge cash keep sbb lol but so heavy the revolving credit.better the management low down the interest to increase eps and pay higher dividend in future lor, instead of keep sbb
first time entering UNIMECH at 1.50 (9am open price, 22 august 2024). downtrending old school important business that is still profitable (PE below 10) and not sunsetting in foreseeable future. more cash than total liabilities. nice NTA discount. fulfilling well my main criterias for value trading, thanks for the downtrend to provide a good opportunity to entry this counter that previously traded at fair or above fair value at discounted value. and thanks for the recent QR report that attract my attention to this counter that I ignored for long
sold all at same entry price (losing brokerage fees), disappointed with QR (sold multiple days since latest nov QR released until 06 dec 2024 morning session for the last few stakes)
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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....
chkhooju
1,706 posts
Posted by chkhooju > 2019-08-23 09:02 | Report Abuse
Initially my TP was 1.50. But, to be honest, I took profit at 1.40. Very significant amount. Unimech had been one of my better bets.