2 days limit up 30%. Still ok. FGV also run up 80%+ from RM1.30 till RM2.42. If tomorrow tecguan limit up 30% again at RM2.31, then, this stock can apply for Malaysia's Share Guinness Record. In 3 days, price shot up above 100%.
(a) For the last 4 rolling quarters, earnings is RM9,920. If 10 times PE, this company is worth RM99,200,000. Share should reach RM2.47 at RM99,200,000.
(b) Now FY 2017, 2 quarters already made RM7,663,000 profit. Looking at the CPO price constantly above RM2,600, assuming next 2 quarter's result with each quarter RM3,000,000, total profit tecguan can make in FY2017 may reach RM13,663,000. With 10 times PE, Tecguan's market cap should be RM136,630,000. Share price should reach RM3.40. Today's share closing price is at RM1.78. There will be almost 100% potential profit to lock in buying at RM1.78.
(c) If look at NTA per share, TecGuan has RM2.46. So, at RM1.78, the price/NTA is at 0.72, still worth to buy. I personally buy in at RM1.78 (late comer). Hopefully i still can make handsome profit.
(d) Tecguan is one of the palm oil company (major sales in palm oil) with very little debt. Current asset alone almost can cover all debts. Very seldom palm oil company can have this balance sheet. Check yourself.
(d) Although Tecguan is a small market player, it supplies palm oil to international customers inclusive of nestle, novartis, cardbury, M&M Mars, Gerkens, & EDF and its own brand name Majulah
(e) Major shareholder owns 59.8% share.
(f) Palm oil reaches maturity stage at 14 years. This is the most productive time till 18 years. So, with strong CPO, more good news can come for Tecguan
(g) This quarter Tecguan can earn extra RM1.6 million income from foreign exchange. As long as RM is weakening against USD, Tecguan is just like export counters (furniture industry & glove industry), enjoys more income.
I would expect Tecguan will reach RM2 very soon. By end of December, Tecguan may break new high above RM2.21 hit at 12th January 2016.
Time will tell.
I just bought in at RM1.78. Wish me good luck... and all holding tecguan good luck...
Stocklearner, zigua and zizshen, I totally agreed with your analysis without any doubt, and I expect it will limit-up tomorrow or at least touches RM2.00 with ease.
aiya just keep holding la. if pe10, still got RM0.69 upside (rm2.47) at least or 38.7percent upside. plus so many positive thing mention by stocklearner. no need to worry at all. some ppl feeling sour when they cannot get at cheap price. just ignore them and let the profit run
Just kne quarter of eps 15sen, oredi up 70sen.. U stil chase it?! Gila punya org.. Pls check its profit record.. Kejap untung, kejap ubtung sikit sikit, no consistency at all... Gud luck
Anybody observe or not SALES for Tecguan has achieved RM196 million in 2 quarters compared to RM125 million in the last year's 2 quarters. That is 56.8% sales growth. I don't know how tecguan can do it with such HUGE SALES JUMP. This is historical high's sales growth. Also profit is historical high. Profit margin with current CPO price also historical high.
I expect coming quarter's result at least maintains RM6,000,000+ or even better. Why? Current quarter's CPO for May, June & July 2016 is averagely RM2,500. But for Aug & Sept 2016, average CPO price is above RM2,600. That is 4% extra the selling price.
On top of that, average RM for May, June & July 2016 is RM4.03 over $1 USD (lowest RM3.91 & highest RM4.15), but for Aug & Sept 2016, the average RM over $1 USD is RM4.06 (lowest RM3.98 & highest RM4.15) with most of the days above RM4. So, in the coming quarter, expect more forex gains for Tecguan.
If there is any price retracement for Tecguan, a good chance to TAMBAH...
if we look at it that way, with CPO price and USD being higher , coming QR can be as good or better . but we never know with tecguan, the earnings are just too inconsistent
I am sure they will find a way to overcome this unfair rule as Bursa never give a damn when its down so much in a day in the past but doing this nonsense now......
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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....
Sebastian Sted Power
3,429 posts
Posted by Sebastian Sted Power > 2016-09-28 09:25 | Report Abuse
next will be??