Both are trading below NTA. But I prefer this over Perak corp as almost all the revenue is on recurring basis contractually with a few big players in Malaysia. Hencefairly recession proof and ppolitical event proof.
You are right, mostly revenue come from this counter, further more, another line start soon for TNB coal at LBT, profit will up again. Accumulate when down.
sh2383jbt: LBT is currently contributing close to RM 15 million profits. The contract would mean extra 50% capacity and RM 7.5 mil profits since the port has always been working at near fully capacity? Considering the company owns 80% of LBT and hence it means there will be an extra RM 6 mil profit attributed to the balance sheet, contracted, guaranteed, and recurring. That's 15% extra profits? At least that's wat i think.
Agreed. I m study this counter too and will collect slowly after ge13. It is high margin co, healthy cash in flow, the second line will be ready early next year. Safe to invest, except dividend below bank FD. Anyhow hope price appreciation and steady grow on revenue and profit.
Why u have conflict of interest? U are right for telling the true for future earning, it can be calculated as u did. However, I am also the investor too, the future port business also good as Perak is booming now.
Same lo, slowly accumulate , hope to collect more after g13 if price down further, is a high margin counter with cash rich less debt, safe to invest. I love it....
yup. still the same story. new operation commencing will boost the revenue. with different major shareholders sitting on the board and auditing committee the company is in good hands in terms of corporate governance and reporting. ultimately it is a simple business that anyway can run well. i hope it drops below 1.40 lor i havent bought enough!
But, I will accumulate slowly. This is because simple business and less operation cost, high margin, where to find such simple business compare to construction sector, OGas, margin are so thin. However, thanks for sharing and same view with me.
TNB new contract finalized. Coal throughput to increase by 10%. But since the cost will not increase by tandem, should expect profit to increase much more than that. Conservative TP RM 1.98 now.
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Posted by khoon222000 > 2011-05-18 14:22 | Report Abuse
I am thinking to sell this share? Any indicative best selling price can share with me