This is a good stock . What I do not like is ----- Indonesia rupiah falls faster than Ringgit hence earnings in the future will be affected -------- depends on how bad the rupiah falls . Further I believe the whole market will eventually go lower ------- but slowly slowly ---- just look at how aggressive the ( Govt ) trying to PUMP will tell you a thing or two !
Posted by Jimstock > Oct 28, 2016 07:21 AM | Report Abuse
Buy bentoel in indonesiaa is not good news actually
Posted by Jimstock > Oct 28, 2016 07:26 AM | Report Abuse
See what happen 7 yr ago buying australia printing company from BAT
guess its time to summon up our sifus here at tienwah.......yistock bluefun where are you.....how do you guys view about this statement from brother jimstock?
good news bad news depends on how you think for me, i wont do rugi punya business, so i guess the company ceo will be smarter than me and today extend 3 years contract from BAT. Good news bad news? haha
Of coz like i said earlier twp will surely get 3 yr contract but with harsh term such as price down and take over expansive operation. In near term 1-2 year eps hard to growth until middle east earning kick in.
Reference is made to the Company’s announcements dated 5 October 2016 and 24 October 2016 in relation to the proposed acquisition of 100% equity interest in BPJ by TWPH or its subsidiaries, and provision of financial assistance to the subsidiary of the Company.
The Board of Directors of TWPH (“the Board”) wishes to announce that Max Ease International Limited (“MEIL”), a 51%-owned subsidiary company of TWPH, and Max View Holdings Limited (“MVHL”), a wholly-owned subsidiary of MEIL (collectively “the Purchasers”) had on 3 November 2016 entered into a Conditional Sale and Purchase of Shares Agreement (“CSPA”) with PT Bentoel Prima (“PTBP”) and PT Lestariputra Wirasejati (“PTLW”) (collectively “the Sellers”) for the proposed acquisition of 100% of the issued and paid-up share capital in BPJ (“Proposed Acquisition”). The Sellers and BPJ are subsidiary companies of PT Bentoel Internasional Investama Tbk (“PTBINI”), a listed company in Bursa Efek Indonesia (“BEI”) or Indonesian Stock Exchange.
(The Purchasers and the Sellers are collectively referred to as “the Parties” and “Party” means either one of them.)
The Proposed Acquisition comes with a Manufacturing and Supply of Packaging Materials Agreement (“MSPMA”) whereby PTBINI and its affiliates will appoint BPJ as the exclusive supplier to supply the print supplies of the British American Tobacco group of companies (“BAT Group”) in Indonesia for a fixed period of six (6) years commencing 1 January 2017 until 31 December 2022 when it shall expire.
Upon the completion of the sale and transfer of the above issued and paid-up share capital in BPJ, BPJ shall be a subsidiary of the Company.
Please refer to the attached file for details of the announcement.
I just to highlight that if you look at 3Q result for most PLCs, the result is poor overall. This is not just particular company only but applies for whole economy market
"The aforesaid unfavorable results for the quarter were impacted by lower revenue as explained above, lower gross profit margin and retrenchment cost of RM5.1 million. The retrenchment arose from the reorganisation of production footprint within the Group in order to improve its strategic positioning to service the customers and reduce operating cost over the longer term. "
If you deduct the one off retrenchment cost RM5.1millions , the EPS shall be 3.09sen + "3.78sen" = 6.87sen
Prospects Based on the current year-to-date results under review, the Directors are of the opinion that the outlook for 2016 continues to be challenging in the volatile global environment ......
"The aforesaid unfavorable results for the quarter were impacted by lower revenue as explained above, lower gross profit margin and retrenchment cost of RM5.1 million. The retrenchment arose from the reorganisation of production footprint within the Group in order to improve its strategic positioning to service the customers and reduce operating cost over the longer term. "
If you deduct the one off retrenchment cost RM5.1millions , the EPS shall be 3.09sen + "3.78sen" = 6.87sen
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....
datasonic
921 posts
Posted by datasonic > 2016-10-10 16:45 | Report Abuse
should sell at 2.13?