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Thursday, May 30, 2013

Hua Yang, Boilerm, Unimech stock

Hua Yang stock

Got some of the research reports, still can hold.

PE ratio is moderate low.

Both TA Securities and Kenanga said got growth.

Gearing low.

Hua Yang dividend yield, 4 to 5%.

Hua Yang target price is RM3.96 (TA) and RM3.52 (Kenanga) with Buy recommendation. This is something that I don’t like. Before this, Hua Yang target price is RM2.10 to RM2.20 only, now suddenly shoot up so high. The reason is because analysts changed some valuation method and discount. What if people sold at RM2.50 (well above the previous target price), and after selling, the target price now is almost RM4.00. What should he do? Buy back at RM3.00? Tough.

I will hold on this, because still got growth with reasonable dividend yield. But will not buy more because I already have and the PE ratio also not very cheap. May buy if the price drop, but at this moment, I hold first.

Boilermech stock.

The result is good. There is a change in the financial year month, so when you look at the result is quite confusing. I hope I interpret the result correctly.

 

RHB said result good, with Boilerm target price of RM1.70

 

PE not very cheap, but growth still strong.

Boilerm dividend yield low.

I hold on to this to ride on the growth, with higher fair value by RHB now.

 

Unimech.

Unimech stock result not so good, growth flat. But management said in the report they are confident of positive result this year.

Rights ICUS issue with free warrant have been proposed.

Unimech dividend yield 3.3% (RM0.06) ex date 03/07/2013.

Wait for the analyst’s research report first before deciding what to do. If not, will hold for the time being. Hope the management achieve what they said.

 

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Wednesday, May 29, 2013

Leon Fuat IPO Balloting Result Table oversubscribed

Leon Fuat IPO oversubscribed 23.32 times. If you look at the subscription rate, chances of striking the IPO is very low.

Saw from web site that if apply public 1,000 shares, the chances are 1.78% only.

2,000 2.18%

3,000 3.01%

11,000 5.07%

100,000 7.96%.

 

Even the Bumiputra portion also not easy to get.

1,000 shares 14.5%

20,000 20%

100,000 22.1%

Leon Fuat stock number is 5232 and stock code is LEONFB

For more information on IPO,
http://politemarket.blogspot.com/search/label/IPO

More info on Leon Fuat here.
http://politemarket.blogspot.com/search/label/Leon%20Fuat

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Tuesday, May 28, 2013

Another of my stock made 100% gain, P&O 11 Months

Bought P&O stock with share price of RM0.915 in Jun 2012. Dividend received 2 +1 +1 +2.5 +1.2 +1.2 cents = RM0.089.

To make 100% is RM1.83.

Last week P&O highest was RM1.77.

With P&O share price of RM1.75, +RM0.089 dividend = RM1.839, more than the 100% of RM1.83.

I sold some of my P&O. Reasons are, after the selling of 49% of insurance business by P&O, if no new business, profit will drop.

I have expected special dividend, and they have announced. Not sure what the company will do with the cash balance.

Price up 100% already, PE ratio not very cheap.

Will wait for the latest financial result or analyst report before deciding what to do with the balance. If very good, I may buy even with price higher than what I have sold.

Past few years, here are the stocks that made at least 100%.

Huayang 400%
Freight 200%
TSH 100%
Evergreen 200%
Genting Singapore 200%
Adventa 100%
QL 100% 
Bonia 100%

Able to achieve this because I buy stock with low PE ratio, high growth and high dividend yield.

I actually didn't know P&O has touched 100%, after I added up the dividends, then I realised quite a lot.

Dividend is good money.

By the way, saw analyst report on Hua Yang stock, will hold first, because PE ratio not high, with growth and dividend. Target price RM3.96 (by TA), and RM3.52 (Kenanga)

For stocks that I have made more than 100%, here.
http://politemarket.blogspot.com/search/label/100%25%20Gain

More on P&O, here.
http://politemarket.blogspot.com/search/label/Pacific%20and%20Orient

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Monday, May 27, 2013

Yee Lee can buy?

Quick analysis.

Yee Lee share price RM1.11.
PE ratio 8.8x.
Growth?  Forecast by Kenanga ok.
Gearing manageable.
Dividend yield low, but improving.

According to Kenanga, Yee Lee stock is deeply undervalue. Yee Lee target price RM1.50

But one thing is the low dividend and lack of research. If you trust Kenanga forecast, then can buy.

But I couldn't find other reseach. Dividend is low, if the price doesn't move up, suddenly if profit not good, then I don't get anything.

If PE ratio is not high, so downside risk is not high.

If the dividend is good and cover by other research that confirm the growth, I will buy it now.

Thanks.

Wednesday, May 22, 2013

How I made my First $100,000 from Stock Market

Before I continue, let us not focus on the amount but the process. Why? Because the value of $1 is different for different people. Some people is earning $6,000 per month, some $100,000, some $3,000. Some people are not working because family is rich. Some assets are worth $1 million because age 50 and had accumulated many years, but some young people's assets only worth $50,000.

How I made my First $100,000 from Stock Market. The journey share by someone and I post it here.

He started investing more than 10 years ago but not much profit, because not much savings and wrong stock selection. Profit less than $1,000 from Sep 2000 to Sep 2006 (6 years).
Currently he is a middle working class salary person, where there are few superior higher ranking than him in his department. Doesn't really earn much, but able to save some money. As he continue to have more savings (money) and have better stock selection, he invested more, profit has increased, but still not much. He made a total of $4,000 only from Sep 2006 to Sep 2009 (3 years). 

The reasons were:
i) stock selection has improved but still not good enough;
ii) good stock sold too early; Normally sold if made 10% to 20% and switched stock
iii) dare not buy stock if already moved up.
iv) not much confidence to invest more because results were not so good
 
The "Turning Point" was at a dinner in Shangri La hotel. Four of them. A remisier/ dealer, a banker, an investor, and himself. At that time, he dare not enter the market because prices have already gone up. He has also missed out on many stocks because the stocks didn't reach his buying price target. The banker shared with him about Dollar Cost Averaging. He took the advice/ challenge.

Since then, he started using Dollar Cost Averaging and started to see some good result. As he was thinking how to have better stock selection, he realized his stock selection was not good enough, because he concentrated too much on PE ratio. Then he started to change his strategy:

i)Continue with Dollar Cost Averaging
ii)Buying into low PE ratio stock, but also with high growth, low gearing and high dividend yield
iii)Refuse to sell the stock even the price has gone up if the stock still offer good value
iv)Will buy the stock even if the price has gone up, as long as the value is still good.
 
Profit has improved although at that time many people complained that the market sentiment was not good. However, his family wanted to buy a property and he has to sell all his shares. But he was able to keep investing, by using the retirement money that his company has allocated to him, although not much due to some policies/ restrictions.

As he could see the positive result, his confidence has grown and he has been investing consistently. He didn't take very high risk, but invested gradually into diversified stocks with his retirement money.  He was able to achieve average of more than 20% return per year for the past few years, outperformed the local stock exchange index yearly. Based on his rough estimation, his has made $96,000 from Sep 2009 to May 2013 (3 years and 8 months). Plus the $4,000 that he has made, total is $100,000.

If he didn't change his strategy, he has estimated that the most he could had made is about $20,000 or the most $25,000.
 
If he didn't change to a better strategy, things will not happen. He was glad that he has made the right decision to change the strategy.

Anyway, now he can't use his profit yet because the money is in the retirement fund provided by the company.
 
My comment is, for some people $100,000 is not a lot of money. But is a lot for others. He doesn't have much money to invest because he has bought a property and is not having a very high salary. Congratulation to him.

Besides congratulate him, I would also want to follow the way how he invest. If I have less money than him, I will make less than him. If I have more money than him, will make more than him. But all of us will be having a good % return. Be realistic, more important is the % that we make every year, how much we make is how much money we have.
 
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TSH, Huayang, Imaspro, QL, P&O, ECS

TSH.

TSH latest financial result ok. Many plantation companies reported much lower profit, but TSH was able to maintain its profit. As what I have posted many times in my blog, many of their immature plantations are coming into maturity and more fruits. But too bad, the CPO price is very low now, about RM2,350. Previously was more than RM3,000. If the price is more than RM3,000, TSH would have made a lot of profit.


TSH PE ratio is high, growth is moderate only. If no recovery of the CPO price, this stock is overvalued because not much dividend and PE ratio high.
 

My question is, should we buy before the CPO price recover, or wait after the CPO price recover? If we wait, will the price move up before CPO price?


TSH price target RM2.28 (RHB), RM2.14 (MIDF), RM2.38 (MBB), RM1.86 (HLG)


I have sold almost all my TSH stocks. With this, will not buy TSH for next few quarters unless CPO price recover. All the best to TSH shareholders. But I will still monitor TSH because it is one of my favorite stocks.
 

Hua Yang.

Hua Yang latest financial result ok. With growth year on year but drop quarter on quarter. No research report yet, probably due to some delay in launching its serviced apartment projects.  But should be able to pick-up later.

 

Due to the recent price increase of Huayang share price, the PE ratio not very low anymore and dividend yield also not very high. But it is not overvalued and still can hold if the growth is there. Will wait for Hua Yang research report first.

 

QL stock.

Once again, the profit keep disappoint us. As I mentioned in my blog before, why previously analysts keep asking us to buy QL but QL keep disappoint us? I have sold almost all my QL stocks. Dividend also not that high.  Will sell it to buy other counters. All the best to QL shareholders.

 

P&O stock.

Special Dividends - franked dividend of 15.17 sen less 25% income tax and tax exempt dividend of 3.82 sen per ordinary share of MYR0.50 each. Ex date 05/06/2013. Due to the price increase and announcement of P&O special dividend, I am selling some P&O again, because news has out and valuation no longer very cheap. Will wait for the financial result and decide what to do for the balance. May buy back if result and future growth is good.


 

ECS ICT Bhd

Result not so good. PE ratio low, but the growth rate is questionable. Kenanga said ECS price target is RM1.22 (market perform). Sold most of my ECS. Actually I have sold ALL, but suddenly I realised still got the shares in another account. Will sell it to buy other counters.



Imaspro
Result very good. But price hardly move and very illiquid. Past few years result not so good, not sure whether the stock will move or not.



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Tuesday, May 21, 2013

Leon Fuat IPO Price Target

Before we look at Leon Fuat price target, market sentiment now is good, do we need to know the price target or can just apply?

According to TA Securities, Leon Fuat price target is RM0.57 (IPO price is RM0.60), that is based on PE ratio of 7 times CY14 EPS, lower that the average peers PE Ratio of 8 times. This is because Leon Fuat has higher gearing.

If everything is ok, Leon Fuat dividend payout ratio is 30%. That will translate to Leon Fuat dividend yield of 3% to 4%.

For more info on Leon Fuat, here.
http://politemarket.blogspot.com/search/label/Leon%20Fuat

For information on other IPO, here.
http://politemarket.blogspot.com/search/label/IPO

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Saturday, May 18, 2013

I made 400% from HUA YANG - 2 years 6 months

Bought Hua Yang with cost of RM0.97. Now after bonus the number of shares became 1.667.

If huayang share price hit RM2.72, I will have RM4.53, plus total dividend received RM0.3235 = RM4.85. This is 400% up from my cost of RM0.97.

Now Huayang share price is above RM2.90, more than 400%.

I have been writing Hua Yang for the past few years.

How was this being achieved?

Stock price incresed because of profit growth.
The stock price increased more than the growth because the PE ratio was low.

The stock paying good dividend too, the dividend yield was high.

Therefore, we need to buy stock with low PE ratio, High Growth and High Dividend Yield.

I'm not a professional so cannot advise. I only can share my experince. I hope my sharing can help others gain knowledge. I don't make money from writting blog. The advertisement in my blog can only earn about RM0.30 per day, very little. Previously RM1.00 because I post more articles. All I make from this I give out, very little.

In fact I spent a lot of time writting, posting, searching info, slow internet connection, thinking, etc, use a lot of time and electricity. I hope whoever read my blog will be benefited. Then, I'm happy.

For stocks that I have made more than 100%, here.

http://politemarket.blogspot.com/search/label/100%25%20Gain

Hua Yang info.
http://politemarket.blogspot.com/search/label/Hua%20Yang

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Matrix Concepts Holdings Bhd IPO Balloting Result Table oversubscribed

Matrix Concepts Holdings Bhd IPO oversubscribed 11.3 times. If you look at the subscription rate, chances of striking the IPO is very low.

 
Saw from web site that if apply public 1,000 shares, the chances are 1.49% only.

2,000 2.4%

3,000 3.5%

11,000 6.7%

100,000 7.8%.

 

Even the Bumiputra portion also very hard to get.

1,000 shares 10%

20,000 18%

100,000 25.9%

 

Now that this is over, we are waiting for Leon Huat. Will post it once I got the target price.

 


 

For more information on IPO
 
More info on Matrix Concepts here.

http://politemarket.blogspot.com/search/label/Matrix%20Concepts


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Tuesday, May 14, 2013

I made another 200% - Freight Management – 3 years 6 months

I hope my calculation is correct, because many rounds of dividend plus bonus issue and warrant.

FREIGHT        Shares Div       RM      Total

Oct-09             RM0.62 cost

29/12/2009      1000    0.025   25        25
28/06/2010      1000    0.025   25        50
29/12/2010      1000    0.025   25        75
28/06/2011      1000    0.025   25        100
06/12/2011      1000    0.025   25        125
03/01/2012      1.333   1,333   Bonus 1 for 3
27/06/2012      1,333   0.015   20        145
28/11/2012      1,333   0.025   33        178

03/01/2012      0.2       200      0.37     74        Free Warrant 1 for 5

Cost RM0.62,   if 1000 shares = RM620

Total dividend received RM178

Free Warrant 200 shares X RM0.37 = RM74

Shares price RM1.34 X 1,333 shares = 1,786.22

RM1,786.22 + dividend RM178  + Warrant RM74 = RM2,038.22


Purchase cost RM620, now up 228% to RM2,038.22

Actually already achieved that 200% in April 2013 when the Freight Management share price was RM1.25 and Warrant price RM0.28.


Please don’t argue with me whether to include dividend received to assess the performance.

 

If bought stock A $1.00, receive $0.90 dividend. Current price $1.00.


Bought stock B $1.00, no dividend, current price $1.10


Which one better? Made 90% from stock A (although price didn’t move up), but only 10% from stock B (although price already up 10%). I will choose stock A. You want to choose stock B?

If I buy few hundred stocks, not surprise if many stocks made few hundred %. More important is the overall performance of the fund year after year, all stocks and cash combined. Got few stocks I made losses, but average is still ok.

 
Past few years, here are the stocks that made at least 100%.

Freight 200%
Huayang 300%
TSH 100%
Evergreen 200%
Genting Singapore 200%
Adventa 100%
QL 100%
Bonia 100%


Not necessary made 100% is better. Maybe one stock we make 50% this year and sold, then bought another stock and made 50% the following year and sold. These two stocks will not appear in the list, but if combine still make 100% in two years which is very good, much better than I make 100% in 3 years time.

Again, to assess performance, please refer to overall portfolio for performance, rather than individual stock. Some people may make few stocks 100% but made losses from many stocks and ended up with net loss.

Previously after buying the stock, if go up 10% or 20%, I will sell. It has not been effective or successful. With PEGGY Method, I can make more profit. If the stock PEGGY figures still good, I will not sell the stock, that is why some of my stocks can achieve 100% gain.

I’m not saying I’m very good. I just want to say previously my investment was not successful, and profit was very small, but I make much more profit after I developed PEGGY Method and started using it together with Dollar Cost Averaging.


More information on PEGGY Method, here.







 


For stocks that I have made more than 100%, here.


  

For the performance of my fund, here.



 

For my recent transactions, here.
http://politemarket.blogspot.com/search/label/Transactions

 
 

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Leon Fuat Berhad IPO

Opening of application 13/05/2013

Closing of application 23/05/2013

Balloting of applications 28/05/2013

Allotment of IPO shares to successful applicants 04/06/2013

Tentative listing date 05/06/2013

IPO Price RM0.60

LEON FUAT BERHAD Stock Code LEONFB

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:

(I) PUBLIC ISSUE OF 59,310,000 NEW ORDINARY SHARES OF RM0.50 EACH (“SHARES”) IN THE FOLLOWING MANNER:

15,500,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE PUBLIC;

10,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

33,810,000 NEW SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS; AND

(II) OFFER FOR SALE OF UP TO 31,000,000 EXISTING SHARES BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY,

AT AN ISSUE/OFFER PRICE OF RM0.60 PER SHARE, PAYABLE IN FULL UPON APPLICATION
 

From Bernama and Business Times (13/05/2013)

Leon Fuat Bhd aims to raise RM35.6 million through its initial public offering (IPO), en route to the company's proposed

listing on the Main Market of Bursa Malaysia Securities Bhd.

The Malaysian-based steel trading and processing company, which launched its IPO today, is slated to be listed on June 5, 2013.

Chairman Datuk Ng Ah Hock said from the IPO proceeds, the company intends to utilise RM13 million to partly repay the bank borrowings used to purchase a new piece of industrial land with building, while about RM6 million will be used to build a new processing plant with warehousing facilities.

He said another RM6 million will be used to purchase two new slitting machines, in a bid to expand the group's range of value-added services in its processing operations, while the remainder of the proceeds will be used for working capital and listing expenses.
 
"The new piece of land is located opposite our headquarters in Shah Alam and on this land, we will construct a new processing plant with warehousing facilities, with works to begin by 2015.

"The new processing plant, targeted to be completed by 2016, will be used to house two new slitting machines and store steel materials for trading and processing purposes," Ng told reporters after the launch of Leon Fuat's IPOtoday.

Pursuant to the its listing, Leon Fuat will be issuing up to 59.3 million new ordinary shares of RM0.50 each.

Meanwhile, Leon Fuat executive director Calvin Ooi said the ongoing government initiatives such as the Economic Transformation Programme and economic corridors will continue to spur the steel company's growth, adding it will continue to get new jobs and new customers through its current 3,700 customers.

He also said the company, whose business is currently 98 per cent local, is expected to expand further overseas in the coming years.

"Last year, we started to do overseas business and so far we have ventured into Japan, Thailand, Singapore and Indonesia. We are eyeing to venture into new countries, without any preference," Ooi said.

He said the company's dividend policy promises 30 per cent of its net profits to shareholders each financial year, subject to regulations and several key factors such as cash balance and expansion funding.

For information on other IPO, here.

http://politemarket.blogspot.com/search/label/IPO

Saturday, May 11, 2013

I was right on MBSB and Warrant

In my earlier article, I mentioned that holder of MBSB warrant is better to sell warrant and buy MBSB before the cut off date. MBSB stock was trading at RM0.96 to RM1.00 higher than warrant. First week of May, MBSB was trading at RM1.18 higher than Warrant. Those who did not sell warrant and buy MBSB, or didn't convert warrant to MBSB, lose out about RM0.20.

MBSB target price is RM3.40 by RHB and Kenanga, recommended buy. AMMB said Hold with MBSB target price of RM2.60.

PE ratio is not high, not sure whether all brokers have adjusted all the MBSB Warrant in computing the earning per share and PE ratio, no time to check.

MBSB dividend yield is good. Got MBSB special dividend going to ex date soon.

Growth, brokers said got moderate growth.

More information on MBSB here.

http://politemarket.blogspot.com/search/label/MBSB

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Friday, May 10, 2013

Matrix Concepts Holdings Target Price

Kenanga said Matrix Concepts Holdings Bhd's market capitalization is bout RM660m.

The stock offers attractive FY13-14E dividend yields of 8.1%-9.0% based on its dividend policy of 40% payout of PAT. They peg Matrix’s Fair Value at RM2.75 based on a conservative 40% discount to our DCF-driven FD RNAV of RM4.56.

They said .... based on Valuations:  At indicative IPO price of RM2.20, the group will trade at FY13-14E PER of 4.9x-4.5x which more attractive than its mid-cap developers peer average of 7.2x-5.9x.

The said .... our FD RNAV (DCF driven) for MATRIX is RM4.56 per share based on 10% WACC (conservative as we assume market leaders discount rate), implied 21% net margins and remaining total GDV of RM6.5b over an 8 year duration.

Net Cash.

Matrix Concepts Holdings IPO share price RM2.20.

Full details you can go to Kenanga.

For more information on Matrix Concepts Holdings IPO, here.

http://politemarket.blogspot.com/search/label/Matrix

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Thursday, May 9, 2013

Matrix IPO

MATRIX CONCEPTS HOLDINGS BERHAD Price RM2.20
 

Opening of application   08/05/2013

Closing of application  15/05/2013

Balloting of applications 17/05/2013

 

Allotment of IPO shares to successful applicants 27/05/2013

Tentative listing date   28/05/2013

For Matrix Concepts target price  and other detail, here.

http://politemarket.blogspot.com/search/label/Matrix

PUBLIC ISSUE OF 62,500,000 NEW ORDINARY SHARES OF RM1.00 EACH IN OUR COMPANY COMPRISING:

10,000,000 NEW ORDINARY SHARES OF RM1.00 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

8,808,000 NEW ORDINARY SHARES OF RM1.00 EACH AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF OUR COMPANY AND SUBSIDIARIES (“GROUP”) AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND

43,692,000 NEW ORDINARY SHARES OF RM1.00 EACH AVAILABLE FOR PRIVATE PLACEMENT TO SELECTED INVESTORS

OFFER FOR SALE OF 37,500,000 ORDINARY SHARES OF RM1.00 EACH IN OUR COMPANY COMPRISING:

32,500,000 ORDINARY SHARES OF RM1.00 EACH AVAILABLE FOR PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND

5,000,000 ORDINARY SHARES OF RM1.00 EACH AVAILABLE FOR PRIVATE PLACEMENT TO SELECTED INVESTORS

AT AN ISSUE/OFFER PRICE OF RM2.20 PER ORDINARY SHARE OF RM1.00 EACH PAYABLE IN FULL UPON APPLICATION IN CONJUNCTION WITH THE LISTING OF MATRIX CONCEPTS HOLDINGS BERHAD ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD

 

From The Sun Daily:

KUALA LUMPUR (May 9, 2013): Matrix Concepts Holdings Bhd, which looks to raise up to RM137.5 million in an initial public offering (IPO), aims to attract more than RM1 billion worth of foreign investments to its 404.7ha Sendayan TechValley industrial development in Seremban, Negri Sembilan, said its group managing director and CEO Datuk Lee Tian Hock.

The industrial component is within the group's flagship integrated township of Bandar Sri Sendayan.

Since its launch in end-2010, Lee said Sendayan TechValley has attracted several global players in the automotive and aviation-related industries including Nippon Kayaku, Hino Motor and Akashi-Kikai Industry from Japan, Keen Point Ltd of Hong Kong, TMC Metal from Taiwan and Messier-Buggati-Dowty from France.

These companies have pledged a combined RM2.1 billion in total capital investment to set up their manufacturing facilities.

"We are now in the advance stage of discussions with a few interested parties from the US, Japan and Europe," he told reporters after the launch of Matrix Concepts' prospectus here yesterday.

"We are also optimistic that we will be able to sell an estimated RM770 million worth of the balance landbank in Sendayan TechValley over the next five years."

The Seremban-based property developer is slated for listing on the Main Market of Bursa Malaysia on May 28, 2013.

Proceeds from its IPO will be used in part for construction of infrastructure and common facilities at Bandar Sri Sendayan (RM55 million), working capital (RM55 million) and the construction of the 1Sendayan Clubhouse at Bandar Sri Sendayan (RM10 million).

Lee said another RM11 million and RM6.5 million will used for repayment of bank borrowings and listing expenses, respectively.

Matrix Concepts' IPO will see a public issue of 62.5 million new shares and offer for sales of 37.5 million vendor shares at an offer price of RM2.20 per share.

Of the public issue of 62.5 million new shares, 10 million will be allocated for the public, 8.8 million for eligible directors, employees and business associates and the remaining 43.7 million shares made available for private placement to selected investors.

As for the 37.5 million vendor shares, 32.5 million will be allocated for Bumiputera investors approved by the Ministry of International Trade and Industry, while the remaining 5 million will be placed for selected investors.

"Our management is always on the look-out (for new landbank). We have identified some (sites) and we are still in the early stage of discussions. We still have over 1,011.7ha of landbank, of which 202.3ha are located in Kluang, Johor and the remaining 809.4ha in Negri Sembilan," said Lee.

Founded in 1997, Matrix Concepts has launched and completed 20,079 residential and commercial properties in Johor and Negri Sembilan to date, and has on-going projects in the two states with a total gross development value of RM1.4 billion.

http://politemarket.blogspot.com/search/label/Matrix

Monday, May 6, 2013

Pantech and MBSB good?

Pantech and MBSB stocks announced result, ok.

Both are trading at low PE ratio and good dividend yield.

Growth? Pantech according to research, good. MBSB no research report yet.

Thanks


Disclaimer

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.
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.
The copyright of the material contained in my blog remains solely with me. You shall not copy, reproduce and / or distribute this information without my permission.