Thursday, January 10, 2013

I Am Joining ACOSTEC As Well ^^

1. ACOSTEC - Bought very small quantity on this at 0.63-0.635. Testing the water. LOL ^^

2. WCT - Did not expect it move higher. :( Will not consider making any conversion at the moment. :)
 
3. Watch List - ACOSTEC, WCT-WB, IGBREIT, MKLAND, CCM, MBF
 
4. IGBREIT - Seem like having some small movement here. Hope to go past 1.40 before CNY.
 
5. Good Luck.

53 comments:

Teng said...

Horse

You still hold any IGBReit?

2013 maybe good to invest in Reits as equity market is more challenging

Jason Sim said...

Hng,
Still holding ccm? Thanks.

Chocoanut Production said...

What you all think of Amedia? I am planning to keep small amount for midterm.
http://www.nanyang.com.my/node/495917?tid=808

Now all my money is in IGBreit. Average price 1.333.

hng said...

Jason Sim

Yes, still holding CCM. According to today shareholding changes, PNB has increase its stake holding to 74.04%, less than 1% to reach threshold limit at 75%. It could be opportunity for PNB to privatize CCM if share price keep at current low level, judging from its willingness to full convert all CCM-WA at 1.36

Jason Sim said...

Hng,
Thanks for notifications. Well.. Lets hope for the best.. :)

ck5354 said...

Today probably not a good day to buy stock due to rally at Stadium Merdeka tomorrow.

cheeheng said...

ck

i would say otherwise,2dy is a good to buy stks cheap coz ppl dump i buy.. i'm a contrarian :)

ck5354 said...

TA ask to sell AMEDIA, damn kanasai report.

Delay in Rollout of DTTB
Stock Name: AMEDIA
Company Name: ASIA MEDIA GROUP BERHAD
Research House: TA Price Call: SELL Target Price: 0.214

cheeheng said...

ck

agree,sometimes all this rpt is bs. better v do own homework.


hng said...

Bought more MK land at 33sen.

hng said...

MK land now become one of the top 3 holding in portfolio

hng said...

I believe MK land offer better value as it have assets back stock, RNTA at 1.56 consist of landbank in Perak 4831 acres (RM 211m); Klang Valley 247 acres (RM1.812b); Langkawi 56 acres (RM49m), and two hotel: Bukit Merak Laketown and Langkawi, retain for investment.

Teng said...

Reits a stable investment by CIMB


http://www.theedgemalaysia.com/business-news/229089-reits-a-stable-security.html#.UO9tnvgYkSw.twitter

Teng said...

CK

saturday rally was not an issue but when authority request to change venue,risk is there.Don't think organiser will accept Bt Jalil as notice given too short

Teng said...

Hng

MK Land has huge landbank but their weakness is their marketing,and mix of products offered

Remember MK Land has project in Cyberjaya.Do you include that in Klang Valley landbank?

hng said...

Teng

I've no aware of landbank in cyberjaya. Its klang Vally landbank include, Damansara Perdana, Taman Bunga Raya and Setiawangsa

Teng said...

Hng

I knew they develop Cyberia next to MMU about 10 years ago.Maybe it was fully developed.I google and find out

hng said...

Teng

If you remember 10 year ago, The Damasara Perdana landbank was injected by MK land major shareholder for 945.9m, satisfied by issuance of MK land new share 587m at issue price 1.45 and cash 94.59m. Thus, after 10year, the major shareholder still at huge paper loss

Teng said...

Hng

Emkay is part of MK Land or Tan Sri Mustapha personal investment?

http://my.news.yahoo.com/emkay-group-plans-rm3-8b-developments-cyberjaya-094145544.html

Teng said...

Hng

I knew it was share issuance but forgot about price.Last 10 years MK Land share perform poorly vs their peers and KLCI.

hng said...

Teng

Emkay is Mustapha personal investment which embark on JV to develop low cost housing project in Indian. But may call off due to Indian changing tax structure, which i think is better as it consider related party transaction. I will prefer if MK land keep focus on its core project in Damasara Perdana to deliver profit consistently and keep pare down borrowing which stand currently at 170m vs. cash 150m to become net cash position.

hng said...

Bought back YTL Power-WB at 44.5sen

lg said...

sigh..Friday.. price not moving..taking profit day ...

ck5354 said...

Anyone want to join CCM???

Monday I think good time to collect.

Gark said...

Aiyah YTLPower is downtrending...

hng said...

ck5354

CCM should be able to find support at 95.5sen

hng said...

Gark

I'm Q to buy more YTL Power-WB at 44sen

hng said...

Gark

I hear market talk that YTL Power already confirm to divest off its local power plant to IMDB. The due diligent studied already completed and now await for investment bank to make official announcement sometime within these month or before CNY.

ck5354 said...

Hng,

If ytlpower sell local power plant to 1MDB, what can we get as minority share holder???

Gark said...

Hmm if that is the news then it's very good catalyst.

I am so read that YTL will use YTLPower to buy Stansted airport (RM 5 billion). Airport fees collected YTLPower, management by MAHB and the land goes to YTL for property development...

Gark said...

CK if YTLPower sell then get cash loh.. but lower earning power. I doubt Dato' Yeoh will distribute capital repayment looking at how much undistributed cash YTLPower has...

ck5354 said...

Gark,

That my question, if he hold on to the cash, We minority holder get nothing.

Unless now the greatest catalyst is PRIVATIZATION.

else we will be PIRATIZATION.

hng said...

ck5354

YTL Power will likely opt to payout special dividend or capital repayment by reducing its par value from 50sen to 10sen to match with YTL and later can facilitate share swap

hng said...

Sold off all PJD at 79sen, about breakeven after take into account 5sen dividend, free up margin line

ck5354 said...

those who have wct-wb, pls do not sell.

Do convert to wct-wb to wct.

example now wct 2.40 - 1.85 = 0.55

WCT-WB now is worth 0.55 compare to market price of 0.44.

hng said...

Bought ultramax YTL Power-WB at 44sen

Gark said...

Sold another 1/4 of WCT-WB at 0.44, the gap is getting smaller , now only 8cent difference. Rest keep for conversion.

If it moves to 5 cent difference I will sell all instead of converting.

Arthur said...

Always have no luck wit ytlpowr =/

Teng said...

Today sold YTLPower WB at 45cents and bought back at 44.5 cents.Bought more at 44cents

I was thinking to reduce YTLPower WB but end up I hold more

hng said...

Teng

No worry, once the YTL Power divest its local power plant to IMDB materialize, stock will due to re rating as its will no only get rid of political risk of no granting extension, but also can liquidates its fixed asset to liquid fund estimate to be around RM5b-RM6b

Teng said...

Hng

Hope so.Today busy with visitors from overseas.Managed to sell YTLPower WB at 45cents( q at 45.5 not matched)in the morning. 4+pm managed to buy back 44-44.5 cents

Gark said...

Until the sale news is confirmed, YTLpower will have temporary setback...

hng said...

Hi All

MBF has announce better than expected selling price of its MBF card, from 623m to 641m, a increased on 18m. Now, await for its special dividend to be declare.

We refer to the Company’s announcement dated 3 December 2012 in relation to the completion of the Disposal.

On behalf of the Board of Directors of the Company, Maybank Investment Bank Berhad wishes to announce that the final Sale Consideration is RM641.40 million, comprising:

(i) the base price of RM623.40 million; and

(ii) RM18.00 million, being the difference between the audited net assets value (“NAV”) of MBF Cards of RM219.19 million as at the completion accounts date of 30 November 2012 and the benchmark NAV of RM207.19 million as at 31 December 2010 as well as the share of earnings of Bonuskad Loyalty Sdn Bhd (a 33.33%-owned associate of MBF Cards) of RM6.00 million from 1 January 2011 until 30 November 2012.

hng said...

Gark

From what i hear from investment bank, the news in regard to selling of YTL local power plant total 1212MW consist of Paka 808MW and Pasir Gudang 404MW, seem to be true, now await investment bank to official announce in bursa.

Teng said...

Hng/Gark

Selling power plant to 1MDB is the best solution for YTLPower and government. Gas subsidy is always political issue.Also,Msia is now facing rising power demand,and make no sense for IPP to dismantle their plant after concession with government expire

Now concern is price YTLPower can get from sale of its power plant.

cheeheng said...

hng

thanks fr the Mbf update. hope sp. div announcement soon.

Derick said...

Hng

Thanks for the update ya :-)

hng said...

Teng

Selling pressure on YTL Power could be explain by technical analysis. Doji was formed on Wed at price 1.68, meaning price could break either way. But, apparently profit taking have upper hand, resulting price retrace.

hng said...

Teng

Agreed, YTL power sell off its power plant to 1MDB is best solution to no only get rid of political risk, but realize value on its power plant.

Based on 1212MW, fixed assets: 990m and profit 250m, the selling price could be worth RM 5-6b.

The amount is derive from mixed formula: RM 4.6m/MW; 20x PE and 5.8x fixed power asset est RM990m.

The above parameter is based on 1MDB acquire Genting Sanyen.

Conservatively,lets assume the power plant sell at RM5b, YTL Power should be able to recognized around RM4b net gain, translate to increment of 55sen/share.

YTL Power could then opt for special dividend or capital repayment via par value reduction from 50sen to 10sen.

hng said...

To build new power plant, it cost a lot more and take at least 4year to complete. It make sense to utilize existing power plant to continue generate power as YTLP have excellent record in maintenance and upgrading it power generator. According to its annual report, YTLP have replace its paka power station with newly installed latest model, the most efficient HR3 Burners in all its Gas turbines. Overall plant availability keep at optimal level with 95.15% at Paka Power Station and 99.05% at Pasir Gudang Power Station. The combined power production by both station was 102.81% of the scheduled qualities.

Therefore, despite the concessionaire is going to expire in 2 year time, its power plant still able to keep continue generating power supply. Therefore, it make sense for IMDB to acquire these power assets even have to pay full value for it as the readily available power plant will shorten time to rebuild and get rid execution risk.

Gark said...

According to CIMB report 1MDB paid $1.38 mil/MW for GSP and $1.00 mil/mw for TEH.

The new gas fired plant in Penang is budgeted to cost $1.03 mil/mw.

At worst case scenario, if we assume $1mil/mw, YTLPOWER stand to get RM 3.7 bil for it's power plant. Still a very good deal.

BTW saw your posting at i3. :)

Teng said...

As at 4.40pm,HKR rally is peaceful,no untowards incident

Wei Loon Goh said...

Hng,

Thank so much on MBF update..
Hopefully all of us HUAT together!!

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