wow,sold some 58.5 saying, never mind still hv some balance...wait 70 n above...with buyers more than 1.7 mil shares at closing, looks like tomorrow open at 60 minimum
LOL I got this one - see whether today can fly like the rest after Professor Bone analysis kikiki too bad today DJ kachau otherwise sure bolih fly one :) maybe Bolihland will again defy the odds :)
A to Z RINGGIT Berhad Very Good! Can Also buy some if you don't have.
!) Value Investing Buy Undervalued Shares. Often dull and unevenful. Waiting and waiting until one day proven right. These people can wait for years. Reward is highest. Of course must pick undervalue shares with strong fundamental like MFCB
2) Momentum Chasers Look For Active Shares That Move Up. They will buy after shares have moved up 20% and the sell when it reaches 80%. Very few can sell at the top. They enter and exit within weeks or months. Those who join AZRB & KPSCB now. If timing is accurate can make fast money. If very skillful can make a lot.
3) Punters and gamblers go in for day trade or T + 4
Must look for hot hot liquid counters like Sumatech or Talam Transform
Hit and run method. Some do make good money sometimes. But usually more losers than those who make. Here is where most people lose money. They pay dearly for the thrills. Never a dull moment - until losing all.
Hi Calvin, bought a bit high today at 64.5 sen but not much (30,000 shares) for testing only. Will keep for long term if the price goes down. Trade at own risk
KPSCB is one of the better buys, NTA is 1.38 and is a laggard, currently being priced at 42% of it's NTA, compared to the other listed companies close to 80%, operating in the same sector (paper related).. See below writeup by Bone.
While market might be looking undecided, it had came to my attention on a rising sun that had decided to put the gear forward - KPS Consortium Berhad (KPSCB - 9121)
Let's have a quick look at KPSCB latest price movement.
KPSCB had been trending at the range of RM 0.55 for around 6months, marking down a good and healthy consolidation that the share price had encountered. However, the consolidation is saturated, as a set of fresh volume will be looking to bring KPSCB into another greater heights. A strong challenge above the psychological barrier of RM 0.60 will set KPSCB roaming in the uncharted territory, which could possibly look set to put a test at imminent test level such as RM 0.70 and RM 0.80. KPSCB growing volume in the coming days will be looking to soar above 5 millions of shares exchanging hand in a single day.
KPSCB - Laying On a Lower Note KPS Consortium Berhad operates in six segments: - paper milling, which include the manufacture of various types of tissue paper and tissue related products; - paper converting, which include converting of paper into related products and trading in paper related products; - building materials, which include the distribution and retailing of wooden doors, plywood and related building materials; - laminating plywood, which include manufacturing and trading in printed laminated plywood; - investment and management; - Trading in paper, paper products, stationery and general household products.
KPSCB had been laying in a lowly manner without much attention in the market for quite sometime. The diversified group had on FYE 2013 managed to put up with a revenue of RM493 million, with an EPS of 8.13 cents, raising the NTA of the group to RM 1.38.
While KPSCB headed with a slower start for 1Q 2014, KPSCB will be likely to see a stronger come back in the 2Q 2014 after seeing a general stronger pick up in the second quarter in the overall market. KPSCB is looking to hit a stronger revenue in 1H 2014.
KPSCB had been a real laggard if compared to the other listed company which is operating in the same sector (paper related). Let's have a look at a few of the listed company in KLSE which is involved in the paper industry.
1. MUDA - RM 2.29 Trading at 86.7% of it's NTA of RM 2.64 PER x 16.12 (Based on FYE 2013)
2. ORNA - RM 1.26 Trading at 75.9% of it's NTA of RM 1.66 PER x 11.29 (Based on FYE 2013)
3. PPHB - RM 0.995 Trading at 75.9% of it's NTA of RM 1.31 PER x 10.69 (Based on FYE 2013)
4. Master - RM 0.84 Trading at 77.77% of it's NTA of RM 1.08 PER x 8.83 (Based on FYE 2013)
Based on the above 4 examples, the companies are trading at and average rate of 79% of it's NTA and PER x11.73. Putting KPSCB into the similar ratio will be seeing KPSCB being valued at RM 1.09 (79% of it's NTA at RM 1.39), or RM 0.95 based on EPS of 8.13 valued at PER x 11.73.
While KPSCB had reflected is undervalue being amongst it's peer, it's property portfolio will continue to put KPSCB even more undervalued after holding several freehold prime location land with valuation dated back at 1993 and 1995. The valuation reserve in the 2 plots of land might easily ring anything more than RM 10m, which is worth 6.7 cents a share.
Potential Upcoming Catalyst KPSCB had been seeing a significant number of shares buy back by Mr Koh Poh Seng. Till date, Mr Koh Poh Seng had accumulated 62,741,525 units of shares, resembling a total of 42.4% of the total shares issued. The stakes are high for KPSCB being a take over target by Koh Poh Seng.
Apparently, industry sources informed that Mr Koh Poh Seng had in mind to take over the company, so to unlock the true value of company that had been laying low. KPSCB is currently being priced at 42% of it's NTA. The latest is being Koh Poh Seng seeking to deal in the Ordinary shares via open market during closed period.
In short, KPSCB will be a good company to be invested in based on: - Trading below it's peers' discount on NTA and PER. Currently trading at a discount of 58% from it's NTA. - Valuation reserved worth more than RM 10m, almost 6.7 cents a share - Anticipating a better and stronger Q2 2014 to continue to propel earning for FYE 2014. - Diversified business portfolio with paper milling, paper converting and involvement in the building material. - Strong gradual buy back from the director - KOH POH SENG
Looking at it, KPSCB will definitely look set to penetrate above RM 0.70 in a short term outlook, while a longer term outlook might be seeing KPSCB being valued at RM 1.00.
Rising on with this Sun? You decide. Bone's short term TP: RM 0.80
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....
bonescythe
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Posted by bonescythe > 2014-08-05 16:59 | Report Abuse
:D