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Tuesday, May 16, 2017

Malton-LA may have to sell or convert NOW !!!

The article that I shared on Saturday 13th May 2017 on Malton-LA is no longer valid because of the announcement made by Malton on Monday 15th May 2017.

Early redemption...... last done price RM1.77, will be redeemed at RM1.00? I didn't read the full details yet. Please read the annoucement and check the terms.

Check the suspension date also.

Faster check with your remisier/dealers want you need to do.

Or remisiers/dealers faster tell your client want to do. 

Persuant to the terms and conditions stipulated in the Trust Deed dated 27 May 2011 and Supplementary Trust Deed dated 20 January 2014 constituting all the 2011/2018 RCSLS, Malton Berhad shall undertake the early full redemption of all outstanding 2011/2018 RCSLS in issue as at book closure date on 31 May 2017.

Attached is the advertisement of the Notice to Holders of the 2011/2018 RCSLS dated 16 May 2017.

Saturday, May 13, 2017

Dear Malton-LA buyer or holder, please read if you are still mungcaacaa

This post no longer valid due to updated news by Malton.

Thursday, May 4, 2017

Hold MFCB or Warrant better?

Not telling whether can buy MFCB or not becoz I published 3 articles on warrant 6 months ago and now the price has gone up about 250%.
A bit too late to ask. This table is for your reference only, comparing holding mother or warrant is better, at this price.
This is what may happen at maturity, anytime the prices may go crazily from now, eg mother drop but warrant up, warrant drop a bit but mother up.
I hope I didn’t make any mistake in the figures.

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Remember all these are info sharing only. Please consult your remisier/dealer or financial adviser before you make any decision (e.g. buy or sell or hold or decide not to do anything) in stock market.

Wednesday, May 3, 2017


Spritzer share price RM2.39
Spotted in my telegram RM2.31

Spritzer Dividend yield 1.4%

See what the company said.

Despite a soft consumer market, Spritzer Bhd anticipates a double-digit growth in sales this year. The Start Monday, 24 April 2017

Exported to UK and target Europe.
Spritzer Bhd has started exports of its mineral water to the United Kingdom and hopes the country will eventually be a springboard for it to penetrate into Europe. The Star Saturday, 11 February 2017
## The quantity to UK is very small, but hope it can really be a springboard to Europe.

Promote as Health
"We will market the product under a new brand name called Acilis and position the product as an upper mid to premium product so that it will be feasible to sell there.
He says the UK Trading Standard has also allowed this product to be labelled in the country as possessing anti-aging properties that encourage softer skin, stronger nails, shiny hair and supple joints due to silicon enhanced promotion of natural collagen in the body.
"We think this will be our competitive edge as we won't be competing with the cheaper bottled water brands there.
"As proven in research by Keele University, it also helps in the removal of aluminium in the body - which is a known neurotoxin as a result of life-long exposure to the metal in food, tap water, cosmetics, medications and environmental air pollution from car exhaust and cigarette smoke," Chuah says.
The Star Saturday, 11 February 2017

Room for Export to grow?
Exports presently constitute to about 10% of Spritzer's annual revenue.

Given the number of incumbents already in the market, the group's task in China will not be easy. That said, with China's history of food scandals coupled with rising affluence in the nation, people might be more willing to pay extra for 'premium' imported products - the segment targeted by the firm - that are deemed as 'safer'. Tan Jiahui May 6, 2016 Stock Market, Upside Potential

China- 2 years from April 2016.
Spritzer started exporting mineral water to China at the end of April 2016. Malaysia's largest bottled water producer expects the venture to become profitable in two years. In the meantime, the expenses incurred to carry out the venture may affect its financial performance. The Edge Financial Daily, on June 26, 2016.
"Water is bulky, we know that expanding to China is even more costly. However, we will not be competing with the low-price segment. We will sell it at medium to premium price, so it can cover our cost," he said.
Sow said it launched 'Spritzer Tinge' in China at a price of between five to eight yuan per 500ml bottle. It will also sell Spritzer Fibre and Spritzer mineral water there.
## Probably we can start seeing the result by next year.

I don't think this stock will jump up sky high. Water is heavy and cheap, so probably the export market may not be so easy except for premium bottle which has a smaller market size.

Tuesday, May 2, 2017

Ajiya- can we invest in something that we don't understand?

Ajiya share price RM0.91.

Spotted in my telegram n/a.
I first spotted about RM0.84 two weeks ago before I created Telegram. The article is this.... read this two weeks ago.....
Minister in the Prime Minister’s Department Datuk Seri Dr Wee Ka Siong, who witnessed the ceremony, reiterated that the Construction Industry Development Board (CIDB) has stipulated that government projects must have 70% IBS content, and hopes to enforce a 50% IBS score for the private sector by 2018 in the Klang Valley. The requirement will be extended to the whole of Peninsular Malaysia by 2020.

For the past two weeks I wanted to post on Ajiya but was searching the news on Ajiya and CIDB but couln't find because now I know it appeared in Matrix news and not Ajiya.

Anyway, the problem of slowness will be solved because I have created a telegram. 

Ajiya PE ratio TTM 12.4x.

Ajiya dividend yield 2.2%.

Why Ajiya?

They have this AGIBS.

December last year the company said......
.....though the system, dubbed the Ajiya Green Integrated Building System (AGIBS), is new — it was launched just last year — Chan believes it is a very competitive system that should help the group improve its earnings performance in FY17 ending Nov 30, 2017.

With the AGIBS, Chan said Ajiya is among 15 companies shortlisted by the Public Works Department  (JKR) to supply the AGIBS to contractors to build about 100 schools in Peninsular Malaysia, though he did not reveal the value of the job.

“With the contribution of the AGIBS, we expect our earnings in FY17 to at least match the one in FY15, which is about RM22 million, if not better. But with a challenging environment, we dare not be too optimistic,” he said.

On average, the per-unit price of the AGIBS is about RM20,000 to RM25,000, which will provide Ajiya a reasonable double-digit profit margin, according to Chan.

At present, the AGIBS does not contribute much to its bottom line, but Chan expects it to make up at least one-third of the group’s earnings in FY17, while its metal roofing and safety glass businesses are expected to make up the remaining two-thirds.

Ajiya had attracted the attention of some notable institutions.

Our components can be delivered to the site by light trucks, and then assembled like Lego,”

From The Star. 
Integrated Building System (Agibs). With Agibs, the conventional 24-month construction period is significantly reduced to only eight months.
If profit of RM22 million as guided above, PE ratio will still be the same about 12.6x.

I saw the word AGIBS and the Matrix news IBS, I think Ajiya will have great potential if both IBS is the same thing that are talking about.

# Entering East Malaysia. 
The Edge news Dec 2016.....
Ajiya on Oct 24 inked a memorandum of understanding with galvanised and coated steel product maker YKGI Holdings Bhd for a long-term business partnership in Sabah and Sarawak. “Over the years, we have not explored East Malaysia much due to manpower constraints. Now, with the partnership with YKGI, we hope to do more in this part of the country,” said Chan.

Entering Asean...
Outside Malaysia, Chan said, Ajiya had taken the AGIBS into Thailand, where the group sees good demand for the system, and intends to introduce it in Indonesia next.

Said on Annual Report....
We also expect our Ajiya Green Integrated Building System (“AGIBS”) to play a vital role in our growth trajectory and will continue to expand its market in 
Malaysia, Thailand and other Southeast Asian countries. 

With affordable housing becoming an important agenda in the government’s Budget 2017, we believe AGIBS will benefit significantly, as it is a technology that promises an acceleration to the completion of products and attain higher productivity from the shorter construction period as well as reduced labour and wastages.

# If the Ajiya share price drop to very cheap level, probably Dato' Chan may buy it as what he did and said last year.

His direct stake has increased from 18% to 19.8%, and indirect remain the same 10%.

Why NOT Ajiya?

Accounting error. Previously some items in P&L was wrongly reported, but has been rectified recently.

Price has gone up 50% from RM0.60 in Dec 2016 to RM0.91 now. But if we analyse further, the price actually dropped from RM1.00 in Aug 2016, probably due to poor result and as Dato' said it was institutional selling.

Property sector may still struggling.

Latest result announced last Friday the revenue still flat. Don't be misled by the title "Ajiya’s 1Q earnings triple on higher other income", read carefully other income (gain on sale of property. 

Other business units may not perform well and off set the growth of AGIBS

If government want to impose at least 50% and later 70% of IBS content, then Ajiya may have potential if both IBS are the same IBS they are talking about.

Actually don't really understand what is this all about. But we don't have to know 100% before we invest.

How many percent of profit come from CIMB banking? How many % from investment? Overseas? Interest income more or fee? How many countries do they have operations or subsidiary? I see people buying CIMB without knowing all these.

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Saturday, April 29, 2017

Please join my Telegram, don't want you to miss out!!!!!

If you don't have Telegram, install it.
Pokemon/ Angry Bird = Games. 
Telegram = Investment = Money

Why? Because I only share good news. Few stocks mentioned in my telegram during the day move up nicely, eg Sendai more than 20%, Krono 20%, Ocncash 10%, etc within few days or 1 to 2 week and some within contra period.

Of course some dropped a bit, but some also up a bit. In good market maybe 30% will drop a bit, 30% up a bit, 20% unchange, and 20% up a lot.

Why nothing will drop a lot? Because I only share good news and during good market sentiment within short period of time, these stocks probably will not suddenly drop a lot. Unless there is a small war, then almost all stocks also will drop.

If I find a good stock for long term, it normally take me few weeks to post in my blog or facebook. I use my free time to read, less time posting . I try my very best not to make mistake in figures and gather more info, so will take longer time. Sometimes I also wait for quarterly result to confirm or wait nearer to their profit confirmation. 

But once I spotted, the stocks sometimes move up very fast. Ekovest warrant 100%, Dnex 50%, Jaks 50%. Example Notion, the price I posted in blog/facebook was already 25% higher, same for OCNCASH 50% higher. Oldtown was RM2.20 now RM2.68.

VS price was RM1.60 recommended by a stranger during CNY open house. He specifically mentioned warrant, now up 50% already. Every week went up slightly I also no mood to post already.

Very demotivated to post if the share price has gone up a lot after I spotted unless it has easy content (easy for me to write) and still have potential.

Off course some stock prices dropped or didn't go up before I post in FB.

Ajiya unchanged.
Rexit dropped
Spritzer unchanged
JFTech dropped.
Texchem up a bit.

Now what I'm going to do? If I found any good news, I will immediately post in Telegram. Then I will take my own sweet time to post in FB.

But be careful !!!!!  Those in telegram can be short term or long term. But those that appear in my FB are those that can sleep well, no need to check the price every 5 minutes or even every week.

Remember this:

# I share only good news. Good news = good money.

#Don't mute me because I don't flood or spam you. Average one day 2 times (1 time could have 3 pictures but  still 1 time because you only need to see open 1 time). Some days zero.

# I check before I share, I don't simply share. TMCLIFE announced very good result but I didn't share because PE ratio already super high 70x. Yes, during the day the stock didn't move up.

# I don't pump and dump. My older readers will know my analysis are for good sharing purpose.

# Is not how good am I. Is because all these are good news. Nothing to do with me.

# Some remisiers, pdt, ivt, ET, Mr T or whatever T may be looking for idea or info for their day trade or contra.

# Some readers of my blog or facebook may miss my post or late because facebook only show us random posts.

Join now.

Tuesday, April 25, 2017

OCNCASH- are you too late?

OCNCASH stock.
Oceancash Pacific Bhd.
Share price: RM0.68
PE ratio TTM 15 times.

Listed in 2004, Oceancash Pacific Berhad is primarily involved in the manufacture of felts and non-woven fabrics. The company, which commands about 60% of the Malaysian felt market, mainly produces thermoplastic and resinated felts that are used in the automotive and air-conditioning industries. In the non-woven segment, OCNCASH’s fabrics are supplied to disposable hygiene product manufacturers. An estimated 80% of its non-woven fabrics are exported to more than 10 countries across the globe.
Source: CIMB

Potential transfer to Main Market, or the uncle aunty like called it Main Board. They already made more than RM20 million in the last 3 or 5 years and the latest financial year more than RM6 million. 

Initiated research by CIMB with Buy recommendation on 3rd April, with target price of RM0.88. CIMB said...... Felt demand shifting into high gear through automotive industry. OCNCASH’s felt division contributes up to 37% and 58% of OCNCASH’s revenue and EBITDA, respectively. Moving forward, we project significant volume growth on higher demand, especially from the  automotive segment. OCNCASH recently secured more orders from new and existing customers in both Indonesia and Malaysia. This is expected to raise total monthly outputs significantly, albeit on a progressive basis. Higher auto production in Malaysia once Proton secures a foreign partner by mid-2017 is another catalyst.

On another report on 11th April, see what CIMB said in its report......
From Indonesia with love.
We recently hosted a meeting between Oceancash Pacific’s management and 12 analysts and fund managers.
There were no major surprises from the meeting, with management having a positive view (which we share) premised on its strong earnings growth. 
The group expects strong volume growth in the felt division, mainly driven by rising demand from Indonesia, especially from the automotive industry.
Management also expects higher demand from the air conditioning industry. 
Maintain Add with an unchanged TP of RM0.88. Total upside stands at 27.7%.

New orders to drive the non-woven segment. For the non-woven (hygiene) segment, the group expects rising customer enquiries to translate to significantly stronger  production. Note that our -woven segment. For the non-woven (hygiene) segment, the group expects rising customer enquiries to translate to stronger orders in the near term. Management said that it is still in the midst of finalising orders from a new customer, which can lead to significantly stronger demand for its hygiene products. In the event that demand is stronger than expected, OPB did not discount the possibility of adding a new line to increase production. Note that our earnings estimates have yet to take into account any significant new orders.

Are you too late in OCNCASH?

According to CIMB....... Since our initiation on OCNCASH, the stock has appreciated by 25%. However, we still advocate that investors accumulate the stock, given its strong growth prospects. We are projecting the group recording a 3-year CAGR of 18.6% (FY17-19F), premised on: i) higher sales of felts in Indonesia, ii) better economies of scale from felt volume growth, and iii) higher global demand for non-woven products, especially in China and South East Asia. We maintain our Add call, with an unchanged SOP-based TP of RM0.88.

You see, when CIMB recommended, the price was only RM0.56. However, CIMB said although up 25% already you are not too late. However, when I spotted OCNCASH, it was on 23 February the price was only RM0.45, now up more than 50%. Are you too late?

If you wonder why I did not share when it was RM0.45. I check the stock, it was good but the info was everywhere. News, picture, result, blog, etc. It will take me many hours to share. At that time, my conclusion was on the stock was good” but I cannot just share one word good, I must tell why. Furthermore, I see no research coverage, I thought can wait a while. There are also some articles or stocks queing up for me post. Before I got time to share, it already went up substantially so I put on hold first until recently I saw CIMB report which makes things easier to share. I can just summarise the reports but it also took me few hours. Trying to explain (or justify) a bit in case of you think that I'm Ma Hou Pao (Cannon Behind the Horse) LOL.

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About Me

Dollar Cost Averaging and PEGGY Method. Sharing info on cheap (low PE) company with high growth, low Gearing or Net Cash and High Dividend Yield.



Disclaimer Clause
The information contained in this blog is my personal diary and has been prepared solely for myself. Without any previous reading material or discussion, by just reading my blog contents, reader may misunderstand the contents.
All the contents I am talking to myself and most contents are hypothetical or imaginary. I REPEAT !!! most contents are hypothetical or imaginary!!!!!
This blog has been compiled in good faith, with no intention to cause hurt, loss, or any trouble. No representation is (either express or implied) as to the completeness or accuracy of the information it contains.
This blog also is not an advice, recommendation or an invitation to buy or sell or invest in anything, eg shares, futures, derivatives, gold, etc. Consult your investment adviser before making any decisions.
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