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kkchong Member Star
Total Cumulative Posts 51
Joined Jan 2012
Country MALAYSIA
Gender Male


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Blog

BLOG: How I grew my capital from 30k to 3 million in 10 years from Bursa Malaysia

Blog 12 Jan 2017, 8:18:58 PM

Anticipate your next post...yeah

Blog

BLOG: 推选5新主力股.征战2017 4连胜

Blog 03 Jan 2017, 8:19:07 PM

I believe notion is a good pick...

Blog

BLOG: 另一场金融风暴? [第一天]

Blog 22 Dec 2016, 6:47:35 PM

Well said.

Blog

BLOG: 【杰伦公司】- JAYCORP(7152)再生能源赚亏为盈,盈利YOY+0.15%, 这很差吗?[H@rry]

Blog 19 Dec 2016, 7:59:09 PM

Yes, agreed with you. According the annual report, it's construction sector will become the main contributor to income in coming years. Once this sector start make profit, we can expect higher dividend. Nothing worry as long as it can maintain current profit.

Corporate

STOCK: PADINI (7052)

Blog 14 Apr 2014, 1:23:11 PM
[QUOTE=rockbum @ 14 Apr 2014, 12:41 PM]3356[/QUOTE]
Woh.... Your entry price must be damn low. At least few double if you hold this for 3-4 years. Padini is doing really well. Dividend is also increasing.
Corporate

STOCK: ZHULIAN (5131)

Blog 23 Jan 2014, 10:46:34 AM
Period 4Q13/FY13

[b]Actual vs. Expectations[/b]
FY13 net profit (NP) of RM121.0m (+3% YoY) came in below expectations, accounting for 88% of our and consensus full-year forecasts of RM137.0m. We were negatively surprised by the disappointing 4Q13 results, as the variance from our forecast was due to lower-than expected sales in overseas market, i.e. mainly Thailand.

[b]Dividends[/b]
Single-tier dividend of 3 sen per share and a special single-tier dividend of 4 sen per share have been declared, bringing the full-year total dividend to 16.0 sen per share vs. our projection of 17.9 sen. This implies a net dividend yield of 3.5% and a dividend payout ratio of 61% of its FY13 earnings. The variance in dividend projection was in tandem with the missed net profit forecast.
Key Result Highlights QoQ,
4Q13 revenue decreased by 37%. The key culprit is the softer Thailand market brought about by the political uncertainties in Thailand and also the fall in Thai Baht against USD which negatively affected its top and bottom lines. The longer-than-expected crisis can be seen in the decline in associates’ contribution (-68% QoQ), which is one of their key earning drivers. Meanwhile, the demand in the Malaysia market stayed on course, but was flat QoQ. Hence, PBT plunged by 61% to RM18.8m.

[b]YoY, [/b]
4Q13 revenue and PBT fell by 33% and 50%, respectively, due to same reason mentioned above. YoY, FY13 revenue fell by 7% to RM417.1m. The decrease in revenue was mainly due to lower local market demand, especially during 1H13 attributable to the tightening of household credit and the sluggish consumer spending. However, due to a higher associate contribution from Thailand (+8% YoY), the PBT increase marginally by 3% YoY.

[b]Outlook[/b]
While the near-term prospects appear uncertain for Zhulian, we believe that the political crisis in Thailand will be short-lived and sales activity should pick up post the Thailand election.
Minimal impact should be seen from the recent fuel and electricity tariff hike.
In the meantime, the company is expanding into the Myanmar market in 1H14 and our estimates has yet to impute for the new contribution as we are awaiting further clarity.

[b]Change to Forecasts [/b]
We are downgrading our FY14-15 net profit estimates by 14% each as we take into account the lower associate contribution as well as lower CDF growth in Thailand.

[b]Rating Downgraded to MARKET PERFORM[/b]

[b]Valuation[/b]
We are [b]cutting our TP from RM5.40 to RM4.70 [/b] based on an unchanged fwd. PER valuation of 15.8x but lowered FY14E EPS of 29.9 sen. We have already reflected the main earnings risk from Thailand into our estimates.
Thus, we left our targeted PER unchanged, as we believe that the Thailand political crisis would be short-lived and the ascribed PER is still at a 16% discount to Amway’s 18.7x.

[b]Risks to Our Call [/b]
A prolonged political crisis in Thailand
A slowdown of consumer spending in domestic market.

Source: Kenanga
Corporate

STOCK: XDL (5156)

Blog 23 Jan 2014, 9:35:12 AM
Investing in china company is just like playing fire. What do you think? {:star}
Corporate

STOCK: ECOWLD (8206)

Blog 15 Jan 2014, 11:26:42 AM
[QUOTE=choopin @ 20 Sep 2013, 04:50 PM]2830[/QUOTE]
Dropped seriously today. {:doh} Any news? Wondering if I should cutloss?
Corporate

STOCK: BJTOTO (1562)

Blog 15 Jan 2014, 11:24:42 AM
[QUOTE=jeloft @ 15 Jan 2014, 10:45 AM]3102[/QUOTE]

Yes, BJTOTO won't make you rich but a stable dividend income. {:thumbup}
Corporate

STOCK: TIGER (7079)

Blog 15 Jan 2014, 11:24:03 AM
[QUOTE=WayneNg @ 15 Jan 2014, 11:10 AM]3103[/QUOTE]
Short term? What's the target price? {:notworthy}
Corporate

STOCK: ARANK (7214)

Blog 10 Jan 2014, 10:46:06 AM
[QUOTE=tingtaimeng @ 10 Jan 2014, 04:47 AM]3091[/QUOTE]

Mind to share how good is this book? What's the method he is using? TA or FA?
Corporate

STOCK: SKPRES (7155)

Blog 25 Nov 2013, 9:37:40 AM
[QUOTE=CTYap @ 22 Nov 2013, 07:20 PM]2991[/QUOTE]

Thanks CTYap, i think i will sell it too. {:sad}
Corporate

STOCK: SKPRES (7155)

Blog 22 Nov 2013, 9:07:53 AM
very bad result... should i sell it now? anyone still holding this stock? {:question}
Corporate

STOCK: KNM (7164)

Blog 15 Nov 2013, 1:35:35 PM
[QUOTE=cheenian @ 14 Nov 2013, 07:42 PM]2964[/QUOTE]

A lot people trapped in this stock. Beware of it.
Corporate

STOCK: AEONCR (5139)

Blog 08 Oct 2013, 3:18:39 PM
[QUOTE=Investor101 @ 08 Oct 2013, 03:12 PM]2869[/QUOTE]

No worry, the report's due date is 20 Oct 2013. All the companies are giving 2 months to prepare the report.
Corporate

STOCK: LAFMSIA (3794)

Blog 04 Oct 2012, 3:37:07 PM
[QUOTE=petracot @ 04 Oct 2012, 11:16 AM]1943[/QUOTE]

Thank you so much for the nice call. Running wild now. {:thumbup}
Corporate

STOCK: JCY (5161)

Blog 27 Sep 2012, 1:15:30 PM
[QUOTE=petracot @ 27 Sep 2012, 01:01 PM]1910[/QUOTE]

Thanks for your opinion. You are right, JCY does not looks good in future and the TA is very negative now. Better sell all your share on hand. Not a good bet for sure. {:smile}
Corporate

STOCK: TDM (2054)

Blog 10 Aug 2012, 1:37:16 PM
[QUOTE=bewise @ 10 Aug 2012, 01:33 PM]1530[/QUOTE]

I think it will drop till RM3 easily with this poor result. So, it is wise not to catch the falling knife.
Corporate

STOCK: KMLOONG (5027)

Blog 12 Mar 2012, 9:31:06 AM
[QUOTE=airasia @ 11 Mar 2012, 12:44 AM]863[/QUOTE]

Plantation counters will rocket high if crude palm oil hit RM4,000. {:yeah}
Corporate

STOCK: GCB (5102)

Blog 12 Mar 2012, 9:26:04 AM
[b]巴淡擴展完成 源宗全球第5大[/b]

(吉隆坡10日訊)一旦位於印尼巴淡(Batam)廠房次階段的擴充完成,源宗集團(GUANCHG,5102,主板消費股)總產量將達20萬公噸,並成為全球第五大可可生產商。

在巴淡首階段新廠較高的產量帶動下,該公司去年總產量達126.6公噸,按年增長57.5%;銷售量則達108.9公噸,按年上升37.5%。因此,這促使其營業額和淨利分別取得19.2%和21.6%增長,至13億8280萬令吉和1億2300萬令吉,符合黃氏星展唯高達研究的預測。

源宗集團預計,今年會研磨17萬公噸的可可豆,而黃氏星展唯高達研究的預測為17萬5000公噸。同時,該公司已成功取得14萬公噸的訂單,其中8萬公噸在巴西古當(Pasir Gudang)生產,剩餘6萬公噸則是在巴淡。

涉足下游業務

「一旦位於巴淡的廠房第二階段的擴充計劃完成後,源宗集團將成為全球第五大的可可生產商,總產量達20萬公噸。在規模不斷的擴大下,該公司於去年成功爭取到3位新客戶,分別是Transmar原產品集團、ADM國際Sarl和Euromar原產品GMBH,同時,該公司目前仍在與兩家跨國企業(MNC)洽談新銷售訂單。」

此外,該集團已擴展至下游業務,即收購靠近柔佛丹絨柏勒巴斯港口的廠房,以生產巧克力。該巧克力廠房的產能料將從每年2400公噸,在2013財政年首季提高至1萬零400公噸。無論如何,該公司在首數年所貢獻的淨利料微不足道。

整體而言,分析員維持該公司2012和2013財政年的淨利預測為1億3180萬令吉,及1億4960萬令吉,分別按年增長7.2%和13.5%。同時,分析員也重申該公司「買進」的投資建議,以及2.80令吉的目標價格。

同時,分析員預計,該公司2012財政年將派發12.4仙的股息,即相等於5.5%的週息率。

[url]http://www2.orientaldaily.com.my/read//2RTX0U4k15SR2Qca05Zq3BFZ1dZ21G4u[/url]
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