Dear Anyone Or Passer By Happen To Come To This Forum Site,
Since nobody bothered to comment on this ICE BOX Counter That I like I venture to give my 2 cents worth. I like COLD COLD COUNTERS IN ICEBOX THAT THE MARKET HAS TOTALLY OVERLOOKED AND IGNORED. CEPCO IS ONE OF THEM!
THE TURNING FORTUNE OF CEPCO.
I Used To Watch Lorries Carrying Construction Material Into Singapore as I currently live in Singapore. I noticed YTL Cement Trucks Streamed Into Singapore Supplying A Million Liter of Cement for the building of Marina Sands. So I bought YTL Cement at RM2.40 when nobody wanted. YTL Cement Made So Much Money That Yeoh Tiong Lay Took It Private!
So I looked for other Company Supplying Material to Singapore. AHA! I found CEPCO sending Concrete Spun Piles Into Singapore! But why CEPCO's price didn't rise like YTL Cement? Because China Is Dumping Lower Quality Concrete Piles Into M'sia & S'pore - that's why.
So CEPCO suffered because of Cheap Piles Dumping by China! NOT ANY MORE NOW. Malaysia Has Raised Tariff Against Concrete Piles from China now. So CEPCO Should Do Well From Now Onward.
Another Good Prospect for CEPCO Is The Many Infrar Projects Ongoing & More Going To Be Launched Soon.
1) GREATER KL MRT 2) WEST COAST HIGHWAY 3) BULLET TRAIN FROM KL TO SINGAPORE 4) SINGAPORE - JOHOR MASS TRANSIT RAILWAY 5) AND MANY BUILDING & INFRAR PROJECTS - TOO MANY TO NAME..
THIS IS THE REASON WHY I LIKE CEPCO.
Since CEPCO'S Price Has Not Moved Much It Won't Crash Down Like AEON CREDIT!
So I think It's quite safe to buy some if you can get any. Little trading since few sellers.
Cepco: 1) negative cash position of RM0.80 per share. 2) Loss making company. 3) No dividend paid for past 5 yrs. Really have no idea why should we put money with them.
I've accumulated 11,300 of the shares since 2013. Stuck until now, up +10% on my cost price with commissions, but at least it paid a 11% dividend in Nov 2013 to compensate me for waiting. :D
Last quarter's underlying profit(excluding mark to market loss on IncKen shares) was over 8 million. Weakening RM will show up in a GREEEEEAAATTTT upcoming quarter, esp with IncKen up 4.5 c from the end of last quarter(market low) 65c!
Local funds(like recently launched Public SmallCap) buying up whatever shares the illiquid market can offer...more & more ppl realise what a huge 1stQtr this company can potentially report in one week's time :)))))
U can Q @ 2.05 & hope someone throw down to you. Or you can chase @ 2.13 and hope that the result will be such a blowout profit that it will easily reach 2.50.
calvintaneng was right about 'ICEBOX COUNTERS' (see 1st post) but I think even CEPCO wore him out in the last 2 years so he probably isn't involved in this counter anymore. So no more posting here...lol
And the reviews...oops...results... are FINALLY in! Quarterly EPS of 17.68c!! Or 5.011 million net profit, after fair value gain on IncKen is excluded, which will give quarterly EPS of 11.20c.
Prospective P/E at current price could be below 5!
domperrier, I just joined your party today, hope this CEPCO will sails like Chee Wah did. Icon8888, what is your view on this counter? No blog written for this company?
3:30 pm only already 2.49, my wish may come thru today. If can close above 2.5 today, i also want to ask optimus to apologize to me, lol. prepare my script first....."Optimus apologise to tkp".
hmmm... seems like nobody realize the company has bad receive-able. there could be another 18 mil receive-able potentially turn into impaired receive-able very soon. a total of 52 mil of PAST DUE receive-able is potentially turn into impaired receive-able, that is equal to 1.16 per share. it's a ticking bomb. on paper, revenue yes, profit yes, but may be not for real if they can't receive the payment. well just be careful.
I think ur comment a bit over, the director is of the view this receivables can be received in full without material losses if u read carefully, moreover, the auditor wont sign the financial statement if this is not well justified, further to that, last year annual report also have about 20million receivables pass dues, but at the end we still see good result, this is a norm for this company, may be can raise this issue during agm to see anyway to improve this if anyone going to the agm in feb, if this can be improved, this might probably help the company to maintain or improve their profitability, but I guess this might not be so easy
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Posted by calvintaneng > 2014-01-19 22:20 | Report Abuse
Dear Anyone Or Passer By Happen To Come To This Forum Site,
Since nobody bothered to comment on this ICE BOX Counter That I like I venture to give my 2 cents worth. I like COLD COLD COUNTERS IN ICEBOX THAT THE MARKET HAS TOTALLY OVERLOOKED AND IGNORED. CEPCO IS ONE OF THEM!
THE TURNING FORTUNE OF CEPCO.
I Used To Watch Lorries Carrying Construction Material Into Singapore as I currently live in Singapore. I noticed YTL Cement Trucks Streamed Into Singapore Supplying A Million Liter of Cement for the building of Marina Sands. So I bought YTL Cement at RM2.40 when nobody wanted. YTL Cement Made So Much Money That Yeoh Tiong Lay Took It Private!
So I looked for other Company Supplying Material to Singapore. AHA! I found CEPCO sending Concrete Spun Piles Into Singapore! But why CEPCO's price didn't rise like YTL Cement?
Because China Is Dumping Lower Quality Concrete Piles Into M'sia & S'pore - that's why.
So CEPCO suffered because of Cheap Piles Dumping by China!
NOT ANY MORE NOW. Malaysia Has Raised Tariff Against Concrete Piles from China now.
So CEPCO Should Do Well From Now Onward.
Another Good Prospect for CEPCO Is The Many Infrar Projects Ongoing & More Going To Be Launched Soon.
1) GREATER KL MRT
2) WEST COAST HIGHWAY
3) BULLET TRAIN FROM KL TO SINGAPORE
4) SINGAPORE - JOHOR MASS TRANSIT RAILWAY
5) AND MANY BUILDING & INFRAR PROJECTS - TOO MANY TO NAME..
THIS IS THE REASON WHY I LIKE CEPCO.
Since CEPCO'S Price Has Not Moved Much It Won't Crash Down Like AEON CREDIT!
So I think It's quite safe to buy some if you can get any. Little trading since few sellers.
Best Regards,
Calvin Tan from PM Corp & MUI Berhad Forums.