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petracot Member Star
Total Cumulative Posts 133
Joined Jul 2012
Country MALAYSIA
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Corporate

STOCK: AEONCR (5139)

Blog 18 Jun 2013, 11:59:55 AM
ACS has just announced its 1Q result: 28.71 sen per share, growth of 47% over that of last year. First quarter from Feb to May is usually the weakest period because it does not coincide with any festive season. The next quarter will see even stronger set of financial data due to Hari Raya season.

The only word to describe ACS performance is "phenomenal". Share price shot up to as high as RM17.88 compared with yesterday's closing of RM16.60 per share.

There is still plenty of steam in ACS. The benefits of enlarged business base through incorporation of 28 Aeon Big outlets is yet to be felt.
Corporate

STOCK: MULPHA (3905)

Blog 11 Jun 2013, 9:12:57 PM
Despite being a penny stock, Mulpha has a long list of institutional investors including many foreign funds on its top 30 shareholders. The only reason these investors are attracted to Mulpha is probably due to the company's valuable landed properties in Australia such as Sanctuary Cove, Cayman Island Resort and quite a number of 5 star hotels.

But Mulpha is not making good profits now. So, you really got to be very patient to make some money out of Mulpha!
Corporate

STOCK: MCEMENT (3794)

Blog 11 Jun 2013, 9:01:47 PM
At around RM11 per share, Lafarge share price seems to be on the high side judging from 2012 earning of 41 sen and net dividend of 37 sen per share. The PER is about 27 and dividend yield is 3.4%.

However, there is very strong buying support even at this price. A casual check with Bursa announcement revealed that EPF, which is already a substantial shareholder, has been buying Lafarge shares aggressively. Just within last two weeks, EPF has purchased a total of more than 2.5 million shares in the open market.

We do not know the rationale of EPF purchases. Only time will tell. Perhaps, by August this year, the picture will be clearer as the Board will announce the company's expansion plans.
Corporate

STOCK: MCEMENT (3794)

Blog 08 Jun 2013, 12:04:50 PM
Many people know Lafarge as a supplier of cement and ready-mix concrete. There is one hidden business in this company not many people know about - aggregates or quarry products with processing factories located in Ipoh.

This subsidiary supplies stones of all grades for purposes of concrete, roads and other infrastructure constructions. It is reported today in Business Time that gravel or stone prices has tripled this year due to excessive demand.

This piece of news augurs well for the growth of Lafarge Malaysia. Quarry products can be a significant source of revenue.
Corporate

STOCK: MULPHA (3905)

Blog 30 May 2013, 11:40:59 AM
Just like a few other Iskandar-related counters, Tebrau and even UEMland, the underlying theme is not earning but asset. Both Tebrau and UEMland do not have good track records of earning but they have some valuable assets- land. Similarly, Mulpha's price movement will depend on land assets and not on earning. Comparatively, Mulpha's share price at 45 sen is dirt cheap; the downside is very limited. But of course, Mulpha is not an invest grade stock but high beta volatile counter. When it moves substantially high, run for your life!
Corporate

STOCK: AEONCR (5139)

Blog 28 May 2013, 10:03:16 PM
The annual report of Aeon Credit Service (ACS) has just been out. There is one item in the report worth noting. ACS Malaysia has a 20% stake in ACS India which has just commenced operation early this year. Although it will take at least another few years before ACS India can see any profit, ACS Malaysia will benefit substantially in the future. India has 1.2 billion people, 40 times that of Malaysia.
Corporate

STOCK: MULPHA (3905)

Blog 28 May 2013, 9:53:02 PM
Mulpha is recovering very well from the sell off last week, rising from 44.5 sen to close at 47.5 sen today. The buying rate is 63% indicating demand is greater than supply. What is the underlying factor for Mulpha's fairly strong share price performance? The answer is Iskandar story. UEMland is priced at RM3.65 per share today. The share price has doubled compared to that of last year.

I shared in previous posting: Mulpha has about 1,000 acres of land left in Leisure Farm, which is located in Iskandar Development Region. Based on the currently price of development land of about RM40 to RM50 psf, that piece of land is worth about RM1.74 billion to RM2.17 billion. Based on paid up capital of 2.356 billion shares, that value works out to about 73 sen to 92 sen per share. The cost for that piece of land is only RM300+ million which works out to about 14 sen per share.
Corporate

STOCK: MULPHA (3905)

Blog 26 May 2013, 1:55:00 PM
As forewarned, Mulpha took a dive last week to close at 44.5 sen. I don't think the share price will go down very much further, the most another 1 or 2 sen. Be careful the bear trap; those who are too bearish may get caught. The beaten-down share price may suddenly spring back within a week or two and charge through 50 sen barrier.
Corporate

STOCK: MULPHA (3905)

Blog 22 May 2013, 8:31:23 PM
Mulpha is at the cross road as it approaches the threshold of 50 sen. There will be quite a bit of turbulence in the range of 48 to 50 sen. The stale bulls will be coming out in droves to recover their cost. Those with chicken heart will dump their shares and get out; those with lion heart will hold on to their shares and sail through the mini storm.
Corporate

STOCK: JCY (5161)

Blog 22 May 2013, 8:24:37 PM
Nothing, it's a bull trap again! Ramp up the share, release bad results and all the hopeful bulls are trapped. History repeats itself.
Corporate

STOCK: MULPHA (3905)

Blog 18 May 2013, 11:28:56 AM
Technically, Mulpha's 50 MA has just crossed the 200 MA line. This is a good sign which chartists call it as "golden cross". It is a bullish signal. However, the golden crossing is very small and is not significant enough to be excited with. The 50 MA line has to move much further north above the 200 MA line. This means share price has to move up further accompanied by heavier daily volume of say 30 to 40 million.

Mulpha is certainly not an investment grade stock despite having some valuable assets. It is kind of a hit-and-run stock: buy low sell high and sell high buy low. Currently, Mulpha is in the buy-low-sell-high phase.Hence, keep your eyes on the chart instead researching for fundamentals!
Corporate

STOCK: MULPHA (3905)

Blog 15 May 2013, 11:17:07 PM
Mulpha is fairly active today, moving up 2 sen with a volume of 30 million to close at 44.5 sen. While today's performance looks promising, it is too early to tell whether a rally can take off. As mentioned before, two fund managers may take this opportunity to unload their combined holding of 100+ million shares.

However, if the volume continues to expand for the next two weeks and the price breaks the 50 sen barrier,a short to medium rally could be in the making. Happy trading!
Corporate

STOCK: MULPHA (3905)

Blog 11 May 2013, 3:39:57 PM
Just some updates for those who are looking at Mulpha. As of today, the company has bought back a total of 196,004,700 shares. The company has the option to purchase up to a maximum of 10% of paid up capital, which works out to 235,600,000 shares. The company can still buy up to about 39.6 million shares from the market, which may take a couple of months.

What does the company do with the bought-back shares? There are 3 options: (a)keep the shares but they can't buy any further; (b)distribute the shares to existing shareholders which is unlikely; (c) cancel the shares and they can start buying another 10% of paid-up capital.
Corporate

STOCK: AEONCR (5139)

Blog 10 May 2013, 5:44:30 PM
It is quiet a big surprise that ACS zoomed past the mark of RM16. One of the main reasons of this strong showing is the persistent buying of ACS shares by Aberdeen Fund. They seem to have so much confidence in the company. At this juncture, I don't dare to predict any price for ACS. The only way to assess the company now is to monitor the quarterly results and announcements for any current or future business plans.
Corporate

STOCK: MCEMENT (3794)

Blog 10 May 2013, 4:13:51 PM
With political uncertainty removed from the local scene, construction activities are poised to take off in a big way, particularly those related to Iskandar development and MRT as well as other infrastructures. Cement is the most basic building ingredient for all types of development and there will be increased demand resulting from the current construction boom. As mentioned before, Lafarge is the only cement company with excess capacity of cement production. That is probably the reason behind the strong price appreciation of Lafarge share. It moved up as much as 76 sen today to touch the high of RM10.98 per share.
Corporate

STOCK: MULPHA (3905)

Blog 07 May 2013, 12:43:41 PM
Mulpha made a post-election recovery to close at 41.5 sen this morning with a volume of about 8 million shares. Don't expect Mulpha to move too fast or too soon due the potential selling from two institutional fund managers. However, if one has patience and accumulate some shares at the current price, one will not be disappointed in the future.
Corporate

STOCK: AEONCR (5139)

Blog 07 May 2013, 12:35:41 PM
Aeon Credit made a very strong recovery yesterday, moving up about a Ringgit to closed at RM15.24 apiece. This morning, it moved further to touch RM15.50 per share. Price fluctuates in the short term and it can move down to RM14+ again if market loses steam. However, in the medium, I think the price should hover around RM16, perhaps within next 1 or 2 years.
Corporate

STOCK: MULPHA (3905)

Blog 15 Apr 2013, 11:34:46 AM
As expected, the selling is very heavy this morning, by blocks of hundreds of thousand thrown onto buyers. Hopefully, the price can hold at 40 sen and absorb all the relentless dumping. As mentioned earlier, if high volume can be maintained with steady price or gradual increase, there is likelihood of a rally. If the price slides with large volume, it will be another big flop.
Corporate

STOCK: MULPHA (3905)

Blog 12 Apr 2013, 11:31:42 AM
Mulpha seems to come alive this morning, moving up 3 sen to touch 42.5 per share. One broker is recommending Mulpha as a trading buy; they reckon that Mulpha would play Iskandar Region catch-up game along with others such as Tebrau and UEMland.

It is true Mulpha has quite a chunk of land in Iskandar currently being developed as a high-end residential area known as Leisure Farm. The gated housing development is in fact very near to Second Link to Singapore, about 15 minutes to Singapore Immigration Check Point.

Mulpha has about 1,000 acres of land left in Leisure Farm. Based on the currently price of development land of about RM40 to RM50 psf, that piece of land is worth about RM1.74 billion to RM2.17 billion. Based on paid up capital of 2.356 billion shares, that value works out to about 73 sen to 92 sen per share. The cost for that piece of land is only RM300+ million which works out to about 14 sen per share.

Can price of Mulpha rally? It is hard to predict. There are two factors to consider:
1. Yes, there is some good thing in Mulpha worth looking at but there is no earning.
2. There are 2 hedge funds holding a total of more 100 million shares who may sell their shares as soon as price moves up.

assessment of the situation could be this:

If volume of Mulpha can remain in top five position for the next two weeks, there is a chance that all the selling can be absorbed and a rally may take off. Otherwise, it would be another dead cat bounce!
Corporate

STOCK: AEONCR (5139)

Blog 10 Apr 2013, 9:01:18 PM
Aeon Credit moved up significantly today, up 34 sen up to close at RM14.50 per share. Apart from the impending good results, the other factor that causes current price appreciation of Aeon Credit is that Aberdeen has been buying. This is the fund that sold Aeon Credit down to RM10.30 some two months ago! At present, Aberdeen holds more than 9 million Aeon Credit shares, about 6.38%. Share price has moved some 40% within last one month plus alone; I think its time for the counter to consolidate for a while. Too much good thing in too short a time may not be that healthy.
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