1. KASSETS - Finally bought in KASSETS in 3 batches. 8.94, 8.93 & 8.92. Trending lower. :(
2. FABER - Staying very firm. :) Good sign.
3. OSKPROP - No show :( most likely it will start to come when right issue is completed. :) ^^ Hopefully.
4. Watch List - KASSETS, WCT, FABER, OSKPROP, HAPSENG
5. Talking about fund. I have one reasonably big sum for the coming IGB REIT IPO and my tradable fund now left 20%. Majority fund all went into OSKPROP. Just like hng's WCT-WB, i do hope OSKPROP can run well after completion of right shares. Hope WCT-WB and OSKPROP can both have strong rally in this week or next. ^^ We will then Laughing All The Way To The Bank.
6. Good Luck.!!!
111 comments:
（吉隆坡14日訊）WCT公司（WCT，9679，主板建筑組）以4億5千萬令吉收購華聯花園附近之策略地段，準備於2014年開始發展總值40億令吉的綜合商產與購物廣場，預計發展期達8至10年。
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他說，PARADIGM購物廣場最近開始營運，獲92%出租率的該廣場，可為財政年貢獻10%的淨利。
horse/Teng
Based on above statement, investor are assure that current financial result will at least growth by 10% or increase net profit by 15m from Paradigm contribution. Next year, another recurring income from Gateway in KLIA2, another 15m net profit contribution, or EPS growth by another 10%.
That is main reason for construction company to build up it properties investment contribution to not only diversifying earning base, but to assure steady EPS growth.
horse
Have you find out with Kassest/IGB, about the matter concern you, namely upcoming IGB REITs listing date and capital repayment period.
horse
Are interested in MNRB? could it replicate like Pos performance? Both also declare very similar dividend payout 17sen for MNRB, 17.5sen for Pos.
MNRB expect to declare dividend payout by end of these month. At least safer to hold cum dividend stock for long holiday :)
hng,
I did not find out from Kassets/IGB but i got the info already. Thanks to Tay SK.
Have already post the estimated timeframe in this post, you can refer to it.
Thanks for mentioning. :) ^^
MNRB will monitor closely, hope it will be another POS. ^^
Are you buying ?
Astro may offer IPO shares at RM3.60
horse/hng
got into kassets as well yesterday,manage to get it @rm 8.85 lowest price! :) hope it doesn't tank anymore.mnrb? hmm...will keep it on the radar.
Hng
What do you think of Metro Kajang?I saw its annoucement about right issue.Quite similar to OSKProp,ie 1 RI for every 10 share,1 free warrant and 1 free bonus for every right issue
Teng
This time must smart enough to buy its OR :)
Hng
You mean don't buy mother share for its entitlement OR?
In 2009-2010,I bought ORs( Maybank,Axiata or TMI,Boustead) and I think it was traded mostly below its intrinsic/fair value
Horse I also enter some Kassets at 8.93 but sigh saw it drop further. Will average down when the chance arises. Btw the estimated timeframe posted should be adjusted as the actual ipo listing has delay from mid august to 19 sept. Anyway we must be mindful of sept 4, the price fixing day as the actual ipo may make or break our bet on kassets. If the institutional price were to price it at rm1, the fair value of kassets will become(5240+2430)=7670 or rm7.67 only. If they price it at rm1.20, fair value only rm8.72. However there will be more upside to igbreit when listed. :)
Hng, Teng
Yea. Can buy thru odd lot again. Normally people will sell their odd lot of OR at much lower price on the first day of OR listing.
OneX
Maybank Investment does not allow odd lot trading online.Odd lots transaction must be through phone calls.Min charges is RM40 or 0.42%.Unless can get in many transactions,if not,charges is too high
Teng
Can ask CK on other brokerage. It's loss of opportunity. I think Maybank should give normal cash upfront rate to odd lot. I CIMB can Maybank should also can.
Teng/OneX
I mean we buy OR after listing, directly buy OR that entitle to bonus and warrant. Capitalize on price mismatch.
OneX
I thought of opening another trading account but still have not done it yet
I have MNRB for >1 year already. Last year divvy is 20 cents, this year they proposed less at 17 cents.This is a net-net company, total cash+investment is almost equal to share price. But the growth is slow at 3-5% and very tightly held by GLC. Hence the share price not so popular. PE about 5, BV 0.5, DY ~5%.
Gark
MNRB is low risk back by its strong balance sheet. But earning sometime affected if there is major disaster like Thailand flood/Japan earthquake.
Dividend of 17sen is lower than previous 20sen due to earning affected by provision of claim in Thai.
Yes, due to the low valuations, it is one of my value stocks. But the market has yet to see the value. :)
Gark
MNRB like Pos also is a sole player in their respective business segment. The risk is very minimum, although on and off deliver disappointed earning, but both retain strong balance and in net cash position.
Boring market.Everyone is on holiday mood already?
Little movement for my stocks or stocks I am interested in. Faber seems rebounding.
Bought small quantity of Affin-CF at 15.
Dear All,
Anybody know when/how long should company announce their notice of share buy back? For example if yesterday the company did buy back shares, up to when they should provide notice to Bursa?
OneX
Good question
'Immediate annoucement'-Same day of share buyback
Notice of share buyback under form 28A-Share buyback might be 2 weeks ago.HaiO annouced this to Bursa,and share buyback from Aug1-9
OneX/Teng
Notice of share buyback is immediate. but change of substantial shareholding could be after few days.
Hng/Teng
Thanks. Try to figure out recent run up of Success whether because of share buyback or others and find out their last notice of share buyback was on 23/7/12 but the transaction done btw 11/7 until 13/7.
Hng/OneX
Some buyback ( except IMMEDIATE) may be delay.It had detail of date of purchase
perisai just announce result net profit up 3 folds as predicted by CIMB
Hng
Today WCT down 4 cents but WB holding well.
CK
TheEdge-Perisai 2Q profit jumps 221% y-o-y but flat q-o-q
Sold off Faber at 1.34, realize paper profit
Bought WCT at 2.49
Hng
Annjoo price and volume incrase today.Hope can continue and cross 1.60
sold faber at 1.34
Someone is accumulating YTLPower at 1.81 slowly in afternoon session
q buy wtk 1.16
Sold Faber 1.34
Bought WCT 2.48
Earlier hesitating whether to queue WCT or WTK ( 1.16)
I see CK queue WTK at 1.16
ytl something wrong last minute push up
aiya tak dapat wtk
alamak partially match
Wct results announced with interim divvy 3.75sen.
WCT advised dividend paid ( 0n nett basis) is same as last year(last year was 5 sens less 25% tax)
Profit is mostly flat.Next quarter profit should be better as WCT can include revenue from Paradigm Mall
NO trading from me today. :(
Thanks Tay SK & welcome to Kassets as well. However, 4 Sept is my lucky. ^^
hng & Teng, watch liast to add Metro Kajang. :)
Still keeping tight on my Faber, will try dispose tomorrow if can.
CK, congratz on your Faber. YOu got your account opened ? So now can trade with very less brokerage already. :)
Horse
I actually want to keep Faber,but this week buying is > selling. Cash is about 20% only,need to sell some stocks to boost cash
I may buy Kasset instead of applying for IGB REITs. This week REITs gives back some gains.is it due to investor sell other REITs to apply IGB REITs ?
Hng Horse
Finally managed to dispose of KOSSAN at 3.22. I added some more IHH at 3.15 and ivory at 0.535. Otherwise still cautious.
Did some short play on TWSCORP last week. Had an 'angpow' on that . Bought 0.745 , queued next day to sell 0.80 but was matched at 0.83 at the opening bell.
Also traded on Media . Sold 2.50 today
Am watching for the next round for TWSCORP .
Hng congrats on your FABER . I didn't buy cos still have IHH.
Oh ya, I also bought some GENTING at 8.87 today with stop loss 8.85 in mind . Need to have tight stop loss. Market is pretty high.
Hng Horse
Finally managed to dispose of KOSSAN at 3.22. I added some more IHH at 3.15 and ivory at 0.535. Otherwise still cautious.
Did some short play on TWSCORP last week. Had an 'angpow' on that . Bought 0.745 , queued next day to sell 0.80 but was matched at 0.83 at the opening bell.
Also traded on Media . Sold 2.50 today
Am watching for the next round for TWSCORP .
Hng congrats on your FABER . I didn't buy cos still have IHH.
Oh ya, I also bought some GENTING at 8.87 today with stop loss 8.85 in mind . Need to have tight stop loss. Market is pretty high.
Congratz alwayswin. :)
I was just thinking on Tay SK information on Kassets, buy Kassets we will get IGBREIT but the set back is about 27% (RM2430) cash will be lock down for minimum 3 months and above. :(
Initially IGBREIT was base on 1.00 IPO price, now they set the therotical IPO price at 1.25, with extra 0.25sen. What happen to this extra fund ? distribute back to Kassets shareholders ?
KUALA LUMPUR (Aug 16): CIMB Investment Bank Bhd Research maintained its Trading Buy rating on WCT Bhd at RM2.48 with a higher target price of RM3.08 (from RM3.05) and said WCT’s annualised 1H12 core net profit, at 90% of its full-year number and 94% of consensus, was broadly in line as performance should improve in 2H12.
Horse
Waiting to follow your cue on IGB reits. Thinking of buying for my son for long term. What do u think?
Hng
Switching from Faber to WCT is good decision
Alwayswin111
I always believe in personal experience. If you go to Midvalley,weekeday or weekend,it is always crowded. Just calculate how much parking they collect esp during weekend.
Sold some WCT at 2.53, realize contra profit
Horse I think they should distribute it back to kassets shareholders. However to be conservative I don't put high hopes of 1.25 price. IHH indicative price was 2.85 but final institutional price was 2.80. Likewise for igbreit i think a final ipo price of 1.20 is a better Price to calculate its fair value. (5240x1.20) + 2430 + (0.2 x 1000x670M/521M) = rm8975 or roughly 8.98 share price.
If based on rm1.25 we get fair value of 9.30 as a bonus.
Teng/alwayswin111/horse/Tan SK
The ultimate aim invest in REITS is for steady income. IGB REITs offer not only 5% yield but the most important is strategical location ensure 100% occupancy at all time and capacity to increase rental rate as well as capital appreciation through revaluation surplus.
With that, IGB REITs stand out as preferred REITs class among others REITs.
Tan SK
If Kassest manage to raise fund by offerring higher IGBREITs at 1.25 instead of 1.00, Kassset shareholder will not only entitle similar unit of IGB REITs but also will increase amount of capital repayment to shareholder
Sold off all remaining WCT at 2.54-2.55, realize contra gain
Teng
WCT investment properties division record much lower PAT due to start up cost (staff cost/security/renovation etc) of its Paradigm.
In essence, Q2 result show not only no contribution of Paradigm of about 1 month rental income, but also record lower from its exiting rental collection from Aeon Bukit Tinggi as most of the profit derived turn to start up expense for Paradigm.
For upcoming Q3 result, properties division will record huge jump up in PAT as it will record maiden full 3month rental contribution from Paradigm + normalize rental collection from exiting Aeon Bukit Tinggi
Hng
Paradigm Mall location is good,nearby has thousands of condos/houses.WCT also provide free shuttle bus from Kalana LRT to Mall( I was there >a month ago,not sure shuttle service still available)
Teng
It is like promotion to offer free shuttle bus. Remember last time newly open Mid valley also have such offer to attract visitor. It have impact when come to assess rental revision if mall achieve high visitor pa
Bought Cypark @ 1.72
Another concession company similar to Faber
Hng
I think Midvalley still offer shuttle from Bangsar LRT.Same for 1Utama has free shuttle from LRT station
LTH keep buying KSL.
Yes horse now my brokerage at 0.035%.
Manage to do a comparison between OSK and MPLUS.
link here: http://ck5354.blogspot.com/2012/08/faber-contra-through-mplus-online.html
CK
Mplus-Melaka Securites?Part of Ambank?
Ambank and Mplus is different. I think so.
You can choose either Ambank securities - no dead line but using N2N vs
Mplus securities using Excel Force which end at October 2012 the promotion 0.035%.
CK
Ok,understand.Because earlier you put up link for Ambank promotion also RM6 for fee
MPlus-I see they only have branch in Melaka.So you go all the way to Melaka to open account?
teng do u have gmail???
we can chat better there
Bought MNRB at 2.98-2.99
CK
teng.shamrock@gmail.com
I see Melaka security has branches in Subang Jaya and SS2
Sold some YTL Power at 59sen, realize slim profit
Bought Brem at 1.19
Sold off remaining YTL Power-WB at 59sen
Hng
You bought any HapSeng this week?
Teng
Not yet, look like hapseng share reach hard rock bottom and rebounding back like what AnnJoo did.
Still observing Hapseng, whether the rebound is sustainable or not, hapseng still pending to release its Q2 result.
Today , also sold some WCT-WB at 29-29.5sen. realize much lower paper profit :(
I've change my risk appetite, focus on dividend yield stock; already accumulate some MNRB (17sen, 5.7%)and Brem (6sen, 5.0%).
Hng
Tambun annouced 100% jump in profit
Teng
Insider good news on Hapseng? special dividend ?
Teng
Tambun EPS have not take into account 88m right share dilution.
Hng
No idea what is happening to HapSeng.Anyway sold at 1.75 & bought back at 1.72
Tambun-I only look at profit,not EPS. I think it was 3+ cents per share.Even include right issue,still commendable. At least 2cents per share,annualised 8cents per share
Teng
I join you, bought Hapseng at 1.72
Just sold Hapseng at 1.75, contra gain
Hng
Still keep my Hapseng bought today
Tambun-EPS this Q is 3.78 vs 2.12 last Q. EPS should be double if no right issue factor??
Bought back Hapseng at 1.71
hapseng really crazy price
E&O replay again
Bought some E&O at 1.61
Sold E&O at 1.66
Sold Hapseng at 1.76
faber 1.32 siapa minat?
Hng
Hapseng-Could be share buyback. Aug 2 HS bought back 5.8mil share
CK-Faber 1.32 still considering. Long holiday ahead
Bought back again Haspeng at 1.72
you keng how many round u want to play ha ha ha
me no margin kanasai
Hng
You think OSKprop will also deliver impressive result like Tambun?
Three research houses -- OSK Research Sdn Bhd, AmResearch Sdn Bhd and Hong Leong Investment Bank research division (HLIB Research) -- have recommended a 'buy' call on WCT Bhd. OSK Research said it remained positive on WCT's long-term earnings given its sturdy outstanding orderbook of over RM2.5 billion as well as potential jobs flow for the remainder of the year. "We expect the group to secure more contracts by year-end, with potential infrastructure jobs in Oman and the United Arab Emirates," it said in a note today. The opening of KLIA2, scheduled in April 2013, may prove to be re-rating catalyst, it said. OSK Research maintained its 'buy' call with the fair value reduced to RM3.06 from RM3.10 previously. AmResearch said WCT's construction earnings before interest and taxes fell 19 per cent year-on-year in first half of financial year 2012 following a void left for some key Middle East jobs that were completed last year. "But, sequential earnings momentum should pick up in the coming quarters as the impact of recently-secured local jobs begin to filter through. AmResearch has maintained its 'buy' call with an unchanged fair value of RM3.05. Meanwhile, HLIB Research said the positive factors for the 'buy' call were major contract wins, growing property investment income and strategic land banking exercise. It has maintained the target price at RM3.36. -- Bernama
Hapseng-Buyer will sapu 5k lots( 500,000 shares) in matters of minutes.Now buy/sell qty small.Have to wait for buyer again
CK
So far only HwangDBS has sell call,TP 2.08
Teng
I certainly hope OSK Property will deliver good set of result, especial give first impressive undiluted EPS against its current share price + dividend
Teng
The sell call is from RHB
Hng
WCT-Thanks for correction
The RHB report on WCT is flawed, all the profit assumption is derived from the construction business only. They did not even mention the investment property contribution. :(
hng,
follow u again, bought mnrb@rm2.99.
Teng
Hapseng closed at 1.70, unable to make contra play these time :(
cheeheng
MNRB currently trade cum dividend of 17sen, very similar to Pos which at that time also trade cum 17.5sen. Hope MNRN will replicate Pos performance
Hng
Good enough you made two rounds. For me,it is just intra day gains
Hng
Today sold WCT at 2.52 for contra gain. I was first to queue at this price. Afternoon wanted to sell WCT-wb at 29 ( I want to switch warrant to mother) but not done. Tomorrow will try to sell warrant and buy mother
hng
hope so,sold wct @rm 2.55,sold genting @rm 8.97.still keep faber,wait fr higher prices to sell. free more cash to buy more mnrb :D
Hng
WCT secured contract value at MYR1 billion. Hope can sell WB at 30 tomorrow.
WTK today at 1.15-1.16. May grab some tomorrow
Teng
That is very very good news for WCT, order book YTD double from 1b to 2b and still potential to secure more by end of these year.
WCT share must be able to surpass at least 2.55 tomorrow, challenge 2.60.
Teng
Initially, sold almost all WCT-WB at 29-29.5sen, but later manage to buyback at 28.5sen. Currently still keep about 2/3 of WCT-WB.
If tomorrow WCT able to surpass 2.55 and stay above 2.60, I'll likely to keep WCT-WB for longer term, as still attracted by potential multiple 5 digit profit
WCT Berhad (“WCT” or “the Company”) is pleased to announce that it has in joint-venture with Oman Roads Engineering Company LLC (the “Joint Venture”) (on an 80:20 unincorporated joint venture basis), on 15 August 2012 received a letter from the Ministry of Transport and Communications, Tender Department at Muscat, of the Sultanate of Oman (“the Employer”) notifying us of the acceptance of our Tender for the Construction and Completion of Batinah Expressway – Package 2, in the Sultanate of Oman (the “Project”) subject to the conditions as set out therein and upon such further terms and conditions as shall be stipulated in the contract documents to be entered into between the Joint Venture and the Employer for the Project (the “Contract”). The Joint Venture is required to coordinate with the Employer to complete the remainder of the procedures. The Contract sum in Omani Riyals is RO123,223,173.422 (Omani Riyals One Hundred Twenty Three Million Two Hundred Twenty Three Thousand One Hundred Seventy Three and Four Hundred Twenty Two Baiza) (approximately equivalent to RM1,004,256,000.00 - Ringgit Malaysia One Billion Four Million Two Hundred Fifty Six Thousand).
Teng
Our OSK property also reported commendable Q2, EPS=3.45sen. What is exciting is that OSK property proposed double up dividend from 2.5sen to 5sen !!!!!!!!!!
All our right and bonus all entitle to these dividend, another scenario similar to Tambun, whereby all right also entitle to dividend.
Hng
Not able to sell WCT-WB at 29 cents today is blessing for me.Hope tomorrow wb going up faster than mother. I prefer mother as wb has another 8 months to its expiry date
OSKProp reported 60% drop in profit compare to same peirod last year. Any exceptional item last year?EPS of 3.45cents still impressive. 5 cents less tax dividend proposed
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