the major shareholders need to entice potential subscribers for imminent pp to be announced soon. As such, they hv to make some sacrifice to secure the pp success this round without any further delay. Be patient.
to succeed in the equity investment, the prerequistes are good understanding n application of ta/fa n also micro/macro economies besides the companies background n most recent activities. Dun simply dive into a crocodile infested stream without fathoming its depth n hidden danger.
if drop 1c per trading day on average, major shareholders' ultimate base is 67. If 0.5c on average, then support at 735 is strong enough to stop the bearish breakout.
if u r so lucky to get 6 black crows, major shareholders who r in control will make sure u get it double with consistent 1c down per day as what sktrader requested.
He planned to sell around 4m shares but managed oni 2.7m till 18/09/17. If cant hit the targeted vol due to poor retailers' support, he will sell additional 2m to achieve his tp for pp. Expected reversal late next week for sure. Be patient.
PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN CSC BIO-COAL SDN. BHD. BY EONCHEM BIOMASS SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF EONMETALL GROUP BERHAD, FROM CHINA STEEL ASIA PACIFIC HOLDINGS PTE. LTD.
Thanks for invest168 info. EPS is not calculated like this way, that one EPS is the CSC one. Tomorrow will show correct one due to internet too slow cannot download the file.
But good new to Eonmetall, after including this CSC profit contribution, using PE 10, target price will be 1.80. (1.40 + 0.40 CSC).
Monday think will up 10% at least. Monday must buy some to push ..... haha ....
NPAT for 1/1/2017 to 20/9/2017 is 5,518,713. Annualised NPAT is 5,518,713 / 8.75 x 12 = 7,568,520. Number of shares in CSC book = 168,651,000 EPS for CSC book - 5,518,713 / 168,651,000 = 0.0327 (this is for CSC not to Eonmetall)
Eonmetall Group Bhd Estimate annual profit is 6,000,000 x 4 = 24,000,000 Add: CSC profit contribution= 7,600,000 Total is 31.6 m Number of shares = 171 m So using PE ratio 10, target price is 31.6 /171 = 1.85
CSC portion is 7.6 m / 171m = 0.44 and the profit is about 24% of total profit. So if like this, shares must at least up 20-30% first for this annoucement, short term target is 1.05, before fly to 1.85.
This is a KYY stockpick without KYY ;-) Lots of potential, shortterm because of the massive under-valuation (PE below 5) and long term because of real business growth potential.
Thanks windcloud good info. Yes, EPS of 3.27 sen is projected earning contribution from CSC Bio-COAL to Emetal which indicated in bursa announcement file EGB-A170912-AcqSubCo-FF.pdf @ page 4, item 6.2. 3.27 sen of EPS contribution from CSC Bio-Coal is almost one quarter earning of Emetal! Thus, we will see big jump of Emetal EPS once acquisition of CSC bio-Coal done & the Acquisition is expected to be completed within fourteen (14) days from the date of the Agreement.
windcloud, may know where you get the figure below:
"NPAT for 1/1/2017 to 20/9/2017 is 5,518,713. Annualised NPAT is 5,518,713 / 8.75 x 12 = 7,568,520. Number of shares in CSC book = 168,651,000 EPS for CSC book - 5,518,713 / 168,651,000 = 0.0327 (this is for CSC not to Eonmetall) "
Invest_168 for NPAT you can use the closing reserves (revenue reserves) less opening reserves then you will get the NPAT for the current period up to acquisition date. Anyway just an estimation, i think last year profit is more than this year profit, if use last year, EPS even more.
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....
SKTRADER
565 posts
Posted by SKTRADER > 2017-09-18 11:25 | Report Abuse
that's y every day down ..ayoiiii