Posted by tigerroar > 2013-09-12 07:17 | Report Abuse

Dji up by 135 points

Posted by weng77 > 2013-09-13 14:51 | Report Abuse

Time to accumulate this stock till quarterly result announce end of this month.

Posted by kcchongnz > 2013-09-15 19:35 | Report Abuse

Tan KW, valuation is an art. Do you remember how many times I have said that?

LC Chong does not summarize what he does and what assumptions he uses. So sometimes it is a challenge to find out from his spreadsheet with the numbers all over. But basically we are doing the same thing, discount cash flow analysis.

In this case LC starts with owner’s earnings (OE) of 41.87m for 2013. I am not sure how he deduces that as mine would be a lot less. He uses different growth in OE and discount rate too to obtain the intrinsic value of the equity shareholder, I presume. He has carried out the analysis with many scenarios, base, good, bad and ugly with also different intrinsic values for different years. Not sure why he needs to do so many scenarios and why is the intrinsic values different at different years. But I am sure he has his valid reasons.
I start in this particular case with Ebit and assume all earnings and dividends reinvested and earning at different return of capitals at high growth and terminal growth respectively to obtain the value of the firm. Then subtract the debts and add non operating cash and investments. If you have my spreadsheet, it would be the sheet marked “DCFM2”.

Which makes more sense? They both have their own advantages and disadvantages.

Valuation is a very rough estimate. It is more of getting a feel of the value of the stock. Unless we are using the same method, the same data and same assumptions, the difference in our intrinsic value can be very large. That is why the concept of margin of safety comes into play.

Posted by DJDJ > 2013-09-17 08:32 | Report Abuse

Quarter results announce today? cheers.

Posted by weng77 > 2013-09-17 11:37 | Report Abuse

Looking forward to touch rm 3.00 after announce quarterly result....

Posted by kashinglim50 > 2013-09-17 11:44 | Report Abuse

time to buy?

Posted by weng77 > 2013-09-17 15:03 | Report Abuse

yield more than 5 %... and earning & dividend continue growing in future... good stock for mid and long term investment.

Posted by Najib Zamry > 2013-09-17 15:09 | Report Abuse

Dun think Haio's MLM can sustain its momentum. Advise to dispose the shares and buy back at lower price.

Posted by kashinglim50 > 2013-09-17 15:18 | Report Abuse

I think so, especially mkt now is uncertain due to taper. TQ

Posted by weng77 > 2013-09-17 15:21 | Report Abuse

Let see the quarterly result first and company comment about the prospects...

Posted by kashinglim50 > 2013-09-17 15:24 | Report Abuse

good advice.. TQ

Posted by weng77 > 2013-09-19 17:43 | Report Abuse

Finally, Haio close above 2.7 with significant volume support.

Posted by DJDJ > 2013-09-19 18:25 | Report Abuse

Indeed, with coming quarter result and dividend announce. I believe better days is yet to come : )

Posted by skl6097 > 2013-09-19 21:28 | Report Abuse

quarter result release... EPS only 4.46sen.... drop 13.7%... the result not so good....

Posted by Darren Kho > 2013-09-19 23:47 | Report Abuse

Not so good but not too bad though.

Posted by Chengws > 2013-09-20 09:19 | Report Abuse

Haio drop 12 cent already and the 8 cent dividend announce last quarter not pay and this time quarter no dividend announce. Cham loh.

Posted by weng77 > 2013-09-20 09:23 | Report Abuse

dividend only announce at Q2 and Q4..this is Q1 results. .therefore it is normal no dividend announced

Posted by Najib Zamry > 2013-09-20 09:29 | Report Abuse

if you have heeded my advice previously, you can lock in the profit first and but back at lower price. Not easy to sustain MLM's business momentum.

Posted by Chengws > 2013-09-20 09:44 | Report Abuse

http://klse.i3investor.com/blogs/kenangaresearch/37230.jsp

Posted by chongkonghui > 2013-09-20 10:16 | Report Abuse

PE below 12 (with adjusted EPS on R-4Q results) with healthy cash flow yield.

Posted by L. C. Chong > 2013-09-20 11:34 | Report Abuse

HAIO – Q1 2014 Financial Report (http://www.bursamalaysia.com/market/listed-companies/company-announcements/1412969) on 19 Sep 2013

Analysis Report – http://lcchong.wordpress.com/2013/09/20/haiofundamental-analysis-20-sep-2013/ or http://lcchong.wordpress.com/knowledge-sharing/

Posted by bfjn4455 > 2013-09-20 11:52 | Report Abuse

Thx for ur analysis..

Posted by DJDJ > 2013-09-20 14:56 | Report Abuse

Thanks for the sharing LC.

Posted by kongcheeyee > 2013-09-20 17:11 | Report Abuse

Good info LC.

Posted by DJDJ > 2013-09-30 19:12 | Report Abuse

23/10/2013 AGM, 8 sens Final DV!

Posted by nicole76 > 2013-10-01 10:18 | Report Abuse

Woohoo! RM3 here we come ;)

Posted by nicole76 > 2013-10-01 10:19 | Report Abuse

Get in before the surge happens!!

Posted by ktsk88 > 2013-10-01 10:23 | Report Abuse

Dividend payment date is 27 November-8 sen per share

Posted by nicole76 > 2013-10-01 10:27 | Report Abuse

Yes! expecting a 10 cent jump today ;) Once the market take note of the increase in dividend. should be able to hit rm3 this time round.

Posted by nicole76 > 2013-10-01 14:46 | Report Abuse

Ya man, hold your prices above 2.70 ;) and you'll start seeing a big jump start engine...

Posted by DJDJ > 2013-10-01 15:36 | Report Abuse

Annual Report: http://klse.i3investor.com/servlets/staticfile/227154.jsp

Posted by kelvinongbk > 2013-10-01 16:42 | Report Abuse

Company has plans to buy back 10% of it shares..

Posted by Chengws > 2013-10-01 17:57 | Report Abuse

Nice

Posted by L. C. Chong > 2013-10-01 20:42 | Report Abuse

HAIO – Q1 2014 Financial Report with FY13 Annual Report figures (http://www.bursamalaysia.com/market/listed-companies/company-announcements/1412969 and http://www.bursamalaysia.com/market/listed-companies/company-announcements/1422357) on 1 Oct 2013

Analysis Report – http://lcchong.wordpress.com/2013/10/01/haiofundamental-analysis-1-oct-2013/ or http://lcchong.wordpress.com/knowledge-sharing/

I have updated my analysis with updated figures in FY13 Annual Report.

Posted by MarketSentiment > 2013-10-14 19:48 | Report Abuse

Like !

Posted by popo > 2013-10-15 18:19 | Report Abuse

Until today still rm 2.70~72 no move at all, i bought it rm3.40 2 years ago, still cannot touch rm3.00...sad!

Posted by kelvinongbk > 2013-10-16 11:53 | Report Abuse

Time to buy in now...as this share will most likely be up when close to the ex date on the dividend...8 cents per share....

Posted by DJDJ > 2013-10-16 13:48 | Report Abuse

based on current price 2.67, its a yield for 2.99% yay

Posted by kelvinongbk > 2013-10-16 13:51 | Report Abuse

if based on total payout this year..it's more..

Posted by DJDJ > 2013-10-16 14:04 | Report Abuse

True, 2.99% just for this payout. Feb another payout hehe

Posted by kelvinongbk > 2013-10-16 15:04 | Report Abuse

Another good dividend payout counter which you might want to consider P & O. Normal dividend is nice and they have also special dividend..

Posted by djdj > 2013-10-22 09:41 | Report Abuse

come liao? yay

Posted by kelvinongbk > 2013-10-22 10:34 | Report Abuse

Hoprfully by dividend ex date reach 3

Posted by kelvinongbk > 2013-10-23 16:25 | Report Abuse

Good trend today...go go...0.08 dividend coming soon!

Posted by bsngpg > 2013-10-24 07:35 | Report Abuse

It is now year end of 2013. Thus it is about 1.5 years to get high div in 2015. OK, I wait for you.
KW : Thanks for the info, I have not read the News yet.

Posted by leslieroycarter > 2013-10-28 13:30 | Report Abuse

those interested in paying high dividend should consider this stock . Co proposed 100% pay out later.

Posted by freonsf > 2013-10-28 13:44 | Report Abuse

100% pay out only for 2015 or forever?

Posted by DJDJ > 2013-10-28 15:08 | Report Abuse

I think just for 1 time la, everytime like that company how to growth? lol

Posted by freonsf > 2013-10-28 15:51 | Report Abuse

Hehe, newbie here, dont laugh me :P

Posted by DJDJ > 2013-10-28 17:20 | Report Abuse

omg sorry, I don't have that meaning bro. So did you join the big family? hehe