NGGB, enjoy; don't say i didn't tell you

Many wish to buy stocks now, but afraid buying at the tail end of a bull run, suffer losses and cannot recover. Then please take a look at NGGB, excitement to start in 2021, but remember, prices sometimes move before the actual profits.

Turning oil palm FFB waste into paper, reduce cutting of trees. 

12,000MT, but delayed to Q1 due to covid.

410 acres of land, more phases will be coming. As per annual report and website, they can make different types of paper.

As announced, they also developing and sell properties.

Advance phases.

Further to the announcement made on 10 October 2019, the Board of Directors of the Company wishes to announce that the Company, IHI Corporation and Nomura Holdings, Inc. (“Parties”) are still in the midst of carrying out the feasibility study on the development of a 30-megawatt Biomass Power Plant, Alkaline Recovery Plant and wastewater treatment plant for the Company’s Green Technology Park Pahang as well as the projects in Negeri Sembilan and Sarawak and also discussion on the collaboration structure including but not limited to establishment of a joint venture arrangement and terms of the definitive agreement. The Memorandum of Understanding has been extended for another one (1) year.

This announcement is dated 10 January 2020. Bursa Malaysia

Substantial shareholder was buying, as per announcement.

Wanted to gather more info to post, but saw the price started moving lately. RM0.455

Just sleep on it and wait.

Enjoy.

Can Still Buy Glove stocks or Sell or Hold?

Using a layman method and looking from a different angle.

 

Use Topglov as example.

Eventually Topglove profit will normalize, say rm0.71 per share a year, as per CIMB research report (22/07/2020) for Topglove FY Aug 2022.

Give a high PE ratio of 20x =RM14.20

Give a high PE ratio of 25x =RM17.75

Give a high PE ratio of 30x =RM21.30

 

Many brokers gave 25x as at end of 2019 when things were normal, assuming fair value is RM17.75

 

What happen to all the super profit? RM0.59 (FY Aug20) + RM1.97(FY Aug21) = RM2.56. You may get nothing if they don’t pay out as special dividend.  But assuming they pay all as dividend.

 

Buy at Topglove price RM26 now.

Get RM2.56 special dividend

Cost RM23.44

 

Later the target price become RM17.75

 

The above is just a sample analysis using one research report. Other analysts give higher or lower figures. They may adjust the figures upward or downward based on result announcements or news or other developments.

 

Of course, there are many uncertainties, no vaccines or delay or more cases. Or vaccines are earlier than expected.

 

The above is just a different way of looking at things when the company has one of two years of super profit.

 

 

 

Bursa Malaysia Stock Broker Investment Bank Ranking

Source: Bursa Malaysia

Gloves Stocks Target Price

Some of the fair value of gloves stocks by Malaysia Bursa Brokers.

Maybe some are outdated.

		Target Price
3/6/2020	Supermax and Supermx	10.90	Kenanga Investment Bank
22/5/2020	Supermax and Supermx	5.40	AffinHwang
21/5/2020	Supermax and Supermx	4.09	MIDF
21/5/2020	Supermax and Supermx	6.00	BMIB
2/6/2020	Topglove and Topglov	15.60	Kenanga Investment Bank
29/5/2020	Topglove and Topglov	20.00	Maybank
27/5/2020	Topglove and Topglov	14.72	UOBKayHian
20/5/2020	Topglove and Topglov	12.23	AmInvest
18/5/2020	Topglove and Topglov	12.70	Public Bank
3/6/2020	Kossan	11.20	Kenanga
28/5/2020	Kossan	8.11	Hong Leong HLG
27/5/2020	Kossan	10.00	UOBKayHian
22/5/2020	Kossan	8.80	Public Bank
22/5/2020	Kossan	9.00	MIDF
22/5/2020	Kossan	10.00	BIMB
22/5/2020	Kossan	9.72	AmInvest
22/5/2020	Kossan	9.50	AffinHwang
	Careplus and Carepls	n/a
	Rubberex and Ruberex	n/a
28/5/2020	Comfort Gloves	3.18	RHB-OSK

Hopefully no typo.

AirAsia Unlimited Pass- The Disadvantages and List of Countries and Destinations

There are many advantages and disadvantages.

Highlight some for you.

Are AirAsia Unlimited Pass promo codes applicable to all routes?
The promo code is applicable to long haul flights* with carrier code D7 (AirAsia X) & XJ (Thai AirAsia X) only. *Excluding flights to Bali, Singapore, Jeddah and Fly-thru routes. *Embargo period applies. AirAsia flight redemptions are limited and may not be available on all flights during public holidays, school breaks and weekends.

Source: AirAsia


======================


Covered Destinations
The Unlimited pass only covers AirAsia X destinations in Australia, Japan, Korea, China and India. This is only applicable for long-haul flights that are over 4 hours in duration and has the carrier code D7 (AirAsia X) and XJ (Thai AirAsia X). The pass excludes Singapore, Denpasar (Bali) and Jeddah.

Some examples of applicable destinations include Kuala Lumpur to Melbourne, Kuala Lumpur to Taipei, Kuala Lumpur to Perth, Kuala Lumpur to Haneda, Kuala Lumpur to New Delhi and Bangkok to Osaka.

Not covered Destinations
Do note that domestic and short-haul flights using the carrier code AK are not included. In summary, you can’t use this pass for flights such as Kuala Lumpur to Penang, Kuala Lumpur to Singapore, Kuala Lumpur to Kota Kinabalu, Kuala Lumpur to Hong Kong, Kuala Lumpur to Manila and Kuala Lumpur to Bangkok.

Source: soyacincau

EPF Yearly Dividend

Source: The Star

ABMB Alliance Bank Malaysia Berhad

The Edge Financial Daily November 28, 2019 09:24 am +08

Dividend is exciting at ~7%. 

“For 2HFY20, we are expecting it to be substantially better than 1HFY20. But, it will not be enough for us to have an improvement against last year. We would be significantly down because of the first quarter credit event with one large client,” said Kornreich.

Source: i3investor