FGV (5222) 聯土全球 – 土展创投挑战千头万绪/MSWG

June 19th, 2017

2017年6月18日
前线把关●MSWG
总执行长·丽塔

在公积金局脱售其土展创投(FGV)的6个月后,看起来虽然像是一大损失,不过,从现在的公司主席和总执行长破坏公众形象的紧急状况看来,其背后的原因已经更加明确。

土展创投的挑战千头万绪,但是,我们完全不觉得委任拿督斯里依德里斯有效用,因为从他在表现管理和履行单位(PEMANDU)的职位或之前身为首相署部长的身分看来,他既不独立也不中立。

虽然他在PEMANDU的表现可圈可点,但他在土展创投所能扮演的角色完全无迹可寻。

我们了解他的报告已呈交首相,但是,这份报告可会曝光?

我们也不觉得土展创投的问题,可以由土展创投的内部审计师解决,完全是因为他们在该组织里工作,面对不适当的影响和胁迫,因而影响其中立性。

不该受政治影响

上市公司永远不该受到政治关系的管理或影响,这是我们的立场,以前是,将来也是。

土展创投的政治关系,自它在2012年上市以来,一直在背后操纵,这点可以在它涉及的许多问题收购中、持续的现金下挫、盈利下滑和市场价值不断减少中印证。

因此,我们大力相信,土展创投现在必须把这个最新的挑战,列为最高优先事项,并任命真正独立和中立,对土展创投或政府没有任何兴趣的第三方,对其事务进行彻底彻底的调查,并把结果公开,使到公司可以对其事务进行彻底清理,之后向前迈进。

MSWG团队

本周重点观察股东大会及特大

以下是本周小股东权益监管机构(MSWG)的观察名单,这里只简要的概括关注重点。读者可以查询MSWG网站www.mswg.org.my,获取所提呈的问题。

砂拉越油棕(SOP)股东大会

●日期:6月20日

●时间:10.00 am

●地点:Imperial Hotel, Jalan Pos, Miri, Sarawak.

要点/课题:

1.年报第5页的种植统计数字显示,2016年对比2015年,已种植范围从6万3517公顷增加到8万7744 公顷;而地库、未种植、建筑物地区等,也从9136公顷增加到3万2553 公顷。这是因为在2016年收购了一家公司。

(a)随着已种植公顷的增加,预测2017年公司的鲜果串产量是多少?来自收购的公司占了多少?

(b)从地库、未种植、建筑物地区等的3万2553公顷,有多少可以用来种植?请董事部分享在可种植范围将进行种植的时间表?

2.集团2016年的资本回酬率是19.97%。在年报第17页的主席献词里提到,集团将专注在改善回酬率。请董事部分享将采取哪些措施来改善?希望达到的回酬率目标是多少?

德嘉拉(Tekala)股东特大

●日期:6月21日

●时间:09.30 am

●地点:Hotel Sandakan,

4th Avenue, Sandakan, Sabah.

要点/课题:

在致股东通告第25页,一些竞争对手较大,并提供更多样化的房产项目,或拥有更多的财务、营销和其他资源。

a)如果房产行业正走下坡,请问公司如何与竞争对手竞争?

b)如果与其他拥有较大财务资源的竞争对手相比,公司难以补充地库,请问公司下来的生存策略是什么?

睦兴旺(Muhibah)股东大会

●日期:6月22日

●时间:02.45 pm

●地点:Concorde Hotel Shah Alam, No. 3, Jalan Tengku Ampuan Zabedah C9/C, Shah Alam.

要点/课题:

1.集团执行董事在管理层讨论和分析报告说,建筑和工程部门截至2017年3月30日的未完成订单价值11亿令吉。

(a)营业额的增长基于建筑和工程部门获得的合约和营业额,近年来已超越10亿令吉,请问董事部评估2017年集团的表现和盈利。

(b)请列出集团的未完成订单细目,包括在本地和海外如中东、柬埔寨或其他地方获得的合约?

2.根据MD&A报告,起重机部门的净利有所改善,在其营运和维修业务的投资方面取得了突破。该部门也扩充了本国租赁车队规模,并完成了将于2017年推出另外四台新型塔式起重机型号的改造。

(a)董事部对起重机部门有何商业策略以改善其表现和业绩?因为当油气工业放缓而导致业绩逊退之际,该部门对盈利带来的正面贡献到2016年便停止。

(b)董事部对建筑起重机市场的业务领域有何评估?打算如何在全球范围内,扩建租赁车队和起重机部分的新型塔式起重机型号提供前景?

(c)从海运、造船、船舶维修部的角度看,2012年以来,部门利润没有太大的进步,集团对营运和维修部门的预测投资回酬是多少?

免责声明

●小股东权益监管机构持有文中提及公司少数股额。

●本栏简报与内容版权属小股东权益监管机构,所表达的意见是采自大众媒体。

●我们将尽力确保所发布的资讯准确及最新,但不担保信息和意见的精确和完整。

●内含资讯和意见仅供参考,并非买卖建议,或认购相关证券、投资或其他金融工具的认购邀约。

更多详情可查询: www.mswg.org.my

欢迎回馈意见:

mswg.ceo@mswg.org.my

http://www.enanyang.my/news/20170618/%E5%9C%9F%E5%B1%95%E5%88%9B%E6%8A%95%E6%8C%91%E6%88%98%E5%8D%83%E5%A4%B4%E4%B8%87%E7%BB%AAmswg/

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WILLOW (0008) 柳谷系統 – ColdEye 冷眼心水股: RM200 mil new orderbook!!

June 19th, 2017

30. 柳谷(WILLOW,0008,主板科技股)
-機械追蹤儀器。
-在新加坡獲得許多工程,難得。
冷眼:“沒成長,不要買,有成長,不要賣;成長短,短持有,成長長,長持守。”
http://klse.i3investor.com/blogs/the_cold_eyed/108100.jsp

Newsbreak: Willowglen top choice for RM400m LRT3 job

This article first appeared in The Edge Malaysia Weekly, on May 29, 2017 – June 04, 2017.

WILLOWGLEN MSC Bhd and its joint-venture partner Huawei have been selected as the front-runners in the race for a RM400 million communications package in the light rail transit 3 (LRT3) project, say sources.
It is understood that Willowglen and China-based Huawei formed a near-equal partnership to bid for the project.
“Prasarana’s board has reviewed the bids [for the communications package] and has recommended Huawei-Willowglen. Its choice has been passed on to the Ministry of Finance for its final approval,” says an industry executive familiar with the matter.
It could take a month or two for MoF to finalise the pick and give Prasarana Malaysia Bhd the green light to award the JV the contract.
Historically, MoF does not reject Prasarana’s recommendations but it is not unheard-of. However, it is understood that Huawei-Willowglen leads in both the commercial and technical aspects of the bid.
It is interesting to note that this is not the first time the two companies have worked together. In fact, Willowglen was a subcontractor for Huawei in the Ampang LRT extension project. This means they have a track record with Prasarana. Furthermore, they worked under George Kent Bhd — the overall engineering, procurement and construction solutions provider for the Ampang LRT extension’s systems work package.
Today, George Kent is the project delivery partner for LRT3 alongside Malaysian Resources Corp Bhd.
For a bit of background, Huawei acted as the systems integrator, assuming the full scope of the railway telecommunications systems, while Willowglen supplied its core speciality — supervisory control and data acquisition (SCADA) subsystems.
For the LRT3 project, however, Huawei and Willowglen are bidding as partners. If successful, Willowglen will add an estimated RM200 million to its order book. For perspective, its revenue for the 12 months ended March 31, 2017, was RM144.6 million while net profit was RM20.66 million.
Willowglen’s share price has risen sharply and is hovering at a record high. The group triggered an unusual market activity query last month after its share price hit limit-up at RM1.38. Since then, the counter has inched its way up, closing at RM1.63 last Thursday. This represents a year-on-year increase of 158.4%.
It is also interesting that Willowglen has bagged a number of smaller but still sizeable contracts worth RM24.96 million in total. On May 9, it announced a RM5.87 million contract from Surbana Technologies Pte Ltd for the installation and maintenance support of a remote terminal unit and closed-circuit television (CCTV) system.
Last Thursday, it announced two more contracts — a RM9.86 million job for a “partial discharge monitoring system replacement” for power company SP PowerAssets Ltd and a RM9.23 million job from PowerGas Ltd for the maintenance of a SCADA system.
These jobs are from Singapore, Willowglen’s main market. Historically, the group draws about 70% of its revenue from Singapore.
The LRT3 job will mark a change in the group’s geographic revenue distribution. Keep in mind that Willowglen has also found success with other local clients. Earlier this year, it won a RM7.82 million contract from Tenaga Nasional Bhd — the country’s largest SCADA user.
On a bright note, Willowglen is sitting on net cash of RM32.9 million and has virtually no borrowings on its balance sheet, which puts it in a strong position to take on the sizeable LRT3 job.
http://www.theedgemarkets.com/article/newsbreak-willowglen-top-choice-rm400m-lrt3-job
http://klse.i3investor.com/blogs/MomentumInvesting88/125602.jsp

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ARANK (7214) – Post Q3 2017 Result

June 19th, 2017
Revenue and Net Profit for ARANK from malaysia stock biz [2]

ARANK announced the Q3 2017 result on 15 June 2017. Both revenue and net profit shown positive improvement in both qoq and yoy. Revenue increased  +4% qoq and +4% yoy respectively while net profit increased +4% qoq and +18% yoy respectively.

The increase in revenue is due to higher average selling price as a result of the increase in the raw material costs although the business volume was lower[3]. From this statement, i can see that the management is transferring the cost to the end user. The worrying factor will be the lower business volume, which might signifies flat growth or declining growth. However, the management highlighted 3 points in the prospects. First is the recovery in the commodity prices as external demand improves. Second is their business is affected by the weakening RM but our RM is getting stronger if compared to last quarter. Third is the volatility of aluminium has added uncertainties to their business. The point 1 and 2 are on ARANK’s side. While for bullet point number 3, i will share my views based on data i collected in my Projection Analysis sector.
If you like my way of analysis and you haven’t join me in my facebook, appreciate if you could like my FB page, https://www.facebook.com/gainvestor10sai/?fref=ts
Thank you^^

Quarterly Revenue and Net Profit

By looking at the trend, the Q4 net profit will hit the highest. And not only the Q4 will be the highest, as years go by, it will continue to go higher and higher. So roughly, by looking at the trend, we can assume the Q4 for 2017 will be higher than RM5.3 Mil. After disposing one of their subsidiary HongLee Group on 25 January 2017, it seems that ARANK still can maintain the revenue. We also can observe the reduction of Non Current Asset (Land, Building etc) decreasing due to the disposal of HongLee[3]
Disposal of HongLee[4]
The disposal of HongLee will not have significant impact on ARANK’s EPS, as only will be exposed to a net loss of around RM0.1 Mil. Hence, investor do not need to worry too much. For me, the disposal is a good news as the management will be concentrating on its profitable operations through divestment of the loss generating business. HongLee is a loss making company, hence ARANK had decided to dispose it.
As of now, ARANK had been maintaining the net profit margin above 3.00%, which is much better if compared to last year. So, i will expect the Q4 also to have at least a steady QR and the net profit will be creating a new high. 
The sales in Malaysia still remains the biggest, which is 71%, followed by SEA (16%) and Africa, Europe and South Africa (14%). If we study the geographical revenue, Malaysia had recorded +1% yoy and +11% qoq respectively; For SEA, the revenue had dropped -3% yoy and -33% qoq respectively. The biggest improvement is the other countries (Africa, Europe and South Africa) whereby the revenue increased +43% yoy and +58% qoq. The revenue percentage from the other countries had been increased from 9% to 14%. Meaning to say, in the future, the revenue from those countries will play an important role in ARANK’s growth. We should be monitoring this segment too~

ARANK’s Geographical Segment Performance

2. Technical Analysis

ARANK Daily Chart
ARANK previously gapped down on 30 March 2017 due to unsatisfactory result. On that day, ARANK gapped down with high volume, meaning to say a lot of people lost confidence in ARANK and almost everyone decided to sell ARANK shares. After 3 months of sideways between 1.00 to 1.10, at the same time forming a double bottom, finally ARANK had filled the gap confidently with a higher volume than the previous gapped down.
I am convinced this current QR had regained the investors’ confidence. If ARANK can stay above the support of 1.17 for more than 5 trading days, i can say that 1.17 is a support. The next resistance is 1.24. As of now, the candle had flown to the upper band, aligned with RSI, it is slightly overbought. I expect the share price to retrace in the next few days and later continue to challenge the 1.24. Once broken the 1.24, then ARANK is in the all time high and sky is the limit!

3. Projection Analysis

For the Projection Analysis, let’s first look at the global aluminium price.
A) Global Aluminium Price
Aluminium Price[5]
Aluminium chart had been going sideways for the past 6 months, hovering around 1,871 and 1,966. The current support is at 1,870, aligned with the uptrend line that i drawn. Now is the critical moment for aluminium chart. But do not forget that aluminium price had risen since Dec 2015, from 1,450 to the current 1,800. Anyhow, the aluminium price sold will be higher than 1 year ago. That is why i am still convinced that ARANK’s incoming QR will be better than last year even though there are no growth. Unless the aluminium price dropped back to 1,500. For the aluminium price to fall back to 1,500, there must be a global incident. Which now, there are no sign of it. In fact there are a lot of signs that aluminium price will continue to surge up.
B) China vs Pollution
China To Order Steel, Aluminium Curbs to Fight Pollution [6]
The plan calls for cuts in aluminum capacity of more than 30 percent across 28 cities, and by about 30 percent for alumina capacity[6]. The London aluminum price has this week hit a 20-month high of $1,883 per tonne on speculation about the potential for capacity closures in China. There’s a lot of potential capacity that could be affected, something like 15-16 million tonnes, according to Shanghai Metal Market[7]. Do note that this is all proposal and there are still no confirmation from the China government. If the China government is firm to cut the aluminium supply, then when the demand is still the same, while the supply is lesser, the price will be going up.
C) Peer Comparison

Same as my previous post, i will perform a peer comparison among PMETAL, ARANK, LBALUM and ALCOM.
Peer Comparison among Aluminium Counters in Malaysia
PMETAL is still the dragonhead due to its market capitalization. In The Edge Financial Daily dated 16 June 2017, PMETAL mentioned that they are confident that the price of aluminium of this year will be higher than last year, ranging from US1,800 to US1,900 due to Chinese government, as mentioned previously[8]. And their business will continue to grow.
And since PMETAL is the dragonhead, when the dragonhead moves, normally the smaller caps will also follows. Not to forget that ALCOM also announces a 20.5 sen of dividend EX on 3 July 2017, which triggered share price to go up from 1.3 to 2.00 in just 2 months, around 50% in 2 months. And LBALUM share price had been performing good too. Maybe this is the market concensus towards the incoming aluminium industry. Since steel had already moving up and up, if we missed the steel counters, then, we should not miss aluminium counters. Either you want to catch the dragonhead or the other aluminium counters in Malaysia, the decision is up to you.
D) Calculating the Target Price
The average PE among the aluminium counters is still around 14.
ARANK had announced 3 quarters of QR, with the cumulative three quarters of EPS at 10.31 sen. If we annualize the EPS, the projected EPS is 13.75 sen.This is without considering the Q4 factor that happened to ARANK in the past few years.
If EPS = 13.75 sen, with the projected PE of 10, the share price is 1.38, round up to 1.40
If EPS = 13.75 sen, with the projected PE of 12, the share price is 1.65
If EPS = 13.75 sen, with the projected PE of 14, the share price is 1.93, round down to 1.90
If i take into the consideration of the Q4 factor and project the EPS to be 14 sen,
If EPS = 14.00 sen, with the projected PE of 10, the share price is 1.40
If EPS = 14.00 sen, with the projected PE of 12, the share price is 1.68, round up to 1.870
If EPS = 14.00 sen, with the projected PE of 14, the share price is 1.96, round up to 2.00
Hence, my Projection Analysis for the target price for ARANK ranges from 1.60 to 2.00

Summary: 

Can ARANK continue to score an A in his missions? Remember what i had written in the previous post, if the share price continue to drop, you can just wake me up when September ends…
– ARANK just released its Q3 2017 result, yoy and qoq recorded positive movement.
– Aluminium together with steel are the most important commodities for the country’s development and building infrastructure.
– If we observe the trend, the Q1, Q2 and Q3’s net profit will be dropping, spiking up in Q4. The yoy net profits are better than previous years.
– The current support for ARANK is 1.17 with the resistance of 1.24.
– If ARANK can stay above the support of 1.17 for more than 5 trading days, then the current support 1.17 will be a solid one due to the Price Volume Analysis.
– If we annualized the EPS and take the average PE among aluminium counters, my Projection Analysis for the target price of ARANK ranges from 1.60 to 2.00
– A few things to take note, global aluminium price, USD/MYR, US Donald Trump’s policy,  China’s action item towards curbing the air pollution, PMETAL’s movement and also the QR for ARANK.
– If you had missed steel counters, why not consider the aluminium counters? Since we have PMETAL, ALCOM, LBALUM and ARANK. All of them are moving up in good sentiments.
If you like my way of analysis and you haven’t join me in my facebook, appreciate if you could like my FB page, https://www.facebook.com/gainvestor10sai/?fref=ts
Thank you^^

P/S: I will organizing my Gainvestor Investing Workshop in KL. If you like my method of analysis, or if you want to know more information, feel free to PM me in my FB page or you can whatsapp me through 012-2467867.

Let’s Ride the Wind and Gainvest


Gainvestor 10sai
18 June 2017
7.25pm
Sources:

[1]: http://gainvestor10sai.blogspot.my/2017/03/aranks-ranked-mission.html
[2]: http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7214
[3]: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5461809
[4]: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5325041
[5]: https://www.investing.com/commodities/aluminum-advanced-chart
[6]: https://www.bloomberg.com/news/articles/2017-03-01/china-said-to-order-steel-and-aluminum-curbs-to-fight-pollution
[7]: http://www.reuters.com/article/us-china-aluminium-home-idUSKBN15A1UM
[8]: The Edge Financial Daily dated 16 June 2017.



http://gainvestor10sai.blogspot.my/2017/06/arank-post-q3-2017-result.html

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冷眼介绍了一堆的二三线船 – Show2k

June 19th, 2017
  Sun, 17 Mar 2013, 02:30 PM

记录今天出席冷眼大大的讲座会
这是我第一次现场看到冷眼,真的是见识到冷眼的号召力 
现场的人数爆满,不少人还得站着听,还有现场直播到会人山人海的会议室以及lobby
简直好像办个人演唱会,人群夸张到吓人,果然"冷眼效应"不是盖的!

回归主题,这次冷眼的主题是"一步步走向财富"。
其讲座会分为两部分,第一部分是对股市的看法,第二部分则是用什么方法才能赚钱。

冷眼大概简单分享了全球现在的经济,
经济龙头老大美国,屋价开始回升,失业率下降,没什么大事,No news is good news,所以没问题
欧洲 too big to fall,而且问题是常年累月形成的,只要不爆炸,就没事,我们不必太担心
中国拥有优秀的领导人,经济不会过热,而且现在的经济已经成熟至国家内部能够推动自己的经济,所以对此看好
换句话说,全球经济展望乐观,大马股市应该也会看齐,

冷眼相信大马股市会在2013创新高
现在是因为大选而限制着了
但是冷眼认为大选影响是短暂的,因为无论谁执政,对大马经济都是利好的。
假设BN险胜,反对党势力如此强大,他们也会战战兢兢的继续执政
如果反对党胜,他们会好好珍惜他们的第一次,
所以冷眼相信2013一定会有个很好的涨幅。

说到尾,真正重要的还是企业因素。
不怕股市跌,只怕公司烂
那么应该如何选好的公司?重要的是什么?
Profit ! Profit ! Profit !
要记住的是,无论什么action,什么思考,最重要的是赚钱

冷眼提出了五个重点:
1. ROE
2. Cash flow & free cash flow
3. PE
4. D/Y
5. NTA

冷眼比较专注解释 ROE 和 Cashflow。
比起EPS, ROE 显得更重要,因为ROE 能够反映管理层的素质
ROE 是 net profit / share equity.
当share equity增加,EPS必须跟着增加,ROE才能保持或增加。
所以如果股东基金增加,EPS还是一样,那就证明管理层没有充份利用股东的钱来赚钱。
这就是ROE比EPS更重要的地方。

解下来是解释cash flow。
倒闭的公司,往往是cash flow有问题的公司。
亏钱的公司不会倒闭,cash flow有问题的公司才会倒闭。
赚大钱的公司不一定是cash flow强的公司(讲讲下越来越像最近夜孩子cashflow的分享 )
看来基本面强调的东西都是一样的,
所以老套不用紧,最重要有用!

下半场主要围绕一大堆二三线的股票

首先冷眼分享了六个股票赚钱的步骤:
1. Winning habits of successfull investing
就是不是买股票,是买股份
赚大钱通常不是奇奇怪怪的公司,是我们了解的普通公司。

2. Back to basic ( Right perception)
股票投资的是他的业务,生意,brand
例如milo 这个brands的力量

3. Be patient ( Time is money)
Projection of profit需要时间去跑
股票最困难的是什么都不做

4. A contrarian mind 逆向思考

5. Confidence and trust 对自己的决定有信心

6. Facts ! Facts ! Facts ! Do ur homework
要分清楚"意见"和"事实"
You are right because your fact are right.

解下来就是股票tipsy时间啦。
冷眼对blue chips,包括BAT, Carlsberg, Dlady, F&N, GAB, Nestle, Panamy等,
都认为他们高估了,PE超过20以上。’
以Gab为例,09年 RM3,现在起了6倍 RM18, Revenue profit有起了6倍吗?
他比较看好二三线的股票,PE少过10的,并认为它们今年有机会起30%

Recommendation
> Rm5
PPB ( Rm18 to Rm13, because of wilmar)
Oriental ( 资产好,盈利不好,所以还是PPB比较好)

Rm2 – Rm5
Msc 好管理层,去年大亏,因为write off印尼投资Rm138m
Can one 不起因为打着官司,看好condense milk业务,要注意high gearing
PIE 股价不动,很棒的股息
Scientex 塑胶,房产
MBSB
NHF
Harta 高成长,最好的手套股
QL 好管理层
Jobstreet

Rm1 – Rm2
Hap Seng Con
Suria
Ecs-Ict
Multi-code – Rm40m资本,Rm30m cash, Low Capex, 预料会给高的股息
Favco 做吊机
Faber 政府股,高现金,contract for ten years, 高股息
Gcb
Coastal
Gtronic
Huayang
Prestariang
P&O
Pwroot
Unimec
Uoa
Maybulk
Cypark

< Rm1.00
Hevea
Fitter
Ivory
L&g
Jcy
Unisem
Mbl
Mmode (Ace)
Tambun

Q&A
这个太多了
印象深刻的有几个
Astro非常好,但不能买,因为接下来几年Reveneu会下降
Aeon一流的管理层,consistant profit,但是太贵了

Oldtown & Pwroot
冷眼的朋友介绍过oldtown,然后冷眼跑去oldtown吃饭,发现食物不好吃,不特别,决定不买。结果看走眼,oldtown从Rm1.1升到Rm2.2。结论Rm2.2是来之oldtown的brand name。白咖啡很自然我们会linked to久街场,这就是brand的力量。同样道理选择pwroot ah huat 咖啡,暂时赚钱。

个人感想:
对于冷眼感到十分敬佩。
在Q&A section,现场发问的股票公司可能有接近百个,
但是冷眼几乎能够全部回答,对它们有一定的了解。

至于选着二三线股好,还是大象股好,
每个人有不同的看法。
可能我不能像冷眼那样,对二三线股有那么超深入的了解,
甚至能成为internal investor,于管理层吃饭聊天,
更加了解不知名的二三线公司。

基于对它们的不了解和缺乏信心,
所以我觉得我接下来会选择投资的公司应该还是大象股居多,
因为它们的brand给到我在股市下跌加码的勇气。

Source: http://www.investalks.com/forum/redirect.php?goto=findpost&ptid=18526&pid=2161870

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AMBANK (1015) – Banking on Free Money ?

June 19th, 2017

Whether succeed or not, AMBANK definately worth at least RM 5.20 – RM 5.50.
Based on most of the bank research target price given.

We do not take UOBKAYHIAN target price as reference because we don’t like the target price given.

We know that the risk is low as the worst target given is RM 4.90. But the best at RM 5.55. 

Looking at the chart, price have hit bottom at RM 4.90, and now start rebounding up again.

FBMKLCI is going to break 1800, most probably this index stock also will push higher up ! 

AMBANK is interesting to look at after high closing. RM 5.10 last Friday. 

Especially AMBANK-CX now is worth RM 5.10 – RM 4.15/2.5 = RM 0.38. “(under value)”
If AMBANK going higher, this AMBANK-CX should Big Meletup, can watch closely.
Dont forget AMBANK worth at least RM 5.20 – RM 5.50. 
AMBANK CX exercise RM 4.15 , RATIO 2.5 
AMBANK RM 5.00 = AMBANK-CX RM 0.34.
AMBANK RM 5.10 = AMBANK-CX RM 0.38.

AMBANK RM 5.20 = AMBANK-CX RM 0.42.

AMBANK RM 5.30 = AMBANK-CX RM 0.46.
AMBANK RM 5.50 = AMBANK-CX RM 0.54.
Provided AMBANK price up before end of September expiry date of AMBANK-CX. 
Trading call warrant do have some risk. Please make sure you understand how it work. Above is just illustration of my own expectation, do not represent 100% accurate calculation. Please seek your remisier or dealer for more information. 
By Logic Trading Analysis
Telegram live channel:
https://t.me/ltachannel

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年輕人,要談論夢想之前 先解決你的財務問題

June 19th, 2017

「市場先生,你認為50歲以後,人生最重要的是什麼事 ?」

上週在台北的一間咖啡廳和一位朋友提到這個問題,
他認為自己和身邊的人,工作10多年來似乎都沒有人生方向,
領著還算過得去但不算富有的薪水,
人生每天就是日復一日的做著例行的工作。

「我覺得無論幾歲,都該先解決財務問題,接下來就把時間花在夢想上。」我回答。

如果對自己現在人生不滿意,
一次的壯遊或換個工作,似乎人生也不會有太大的改變,
錢和時間依然不夠,想改變還是必須根本的解決財務問題。

繼續往下看…

先解決財務問題,你的第二人生才會開始!

市場先生以前是念理工科土木系,對投資理財完全不瞭解,
但在看過《富爸爸窮爸爸》等理財書、體驗過現金流遊戲以後才強烈的感受到,
其實人生並不是沒有目標,
實際上剛好相反:想做的事情實在太多了!

問題是在沒解決自己財務問題之前,
根本不敢去想夢想這種不著邊際的事,
沒有足夠的時間與金錢、大多時間被工作綁住時,
談夢想也只是讓自己多覺得失落而已。

提早開始做財務規劃,才有可能看見未來

儲蓄與投資是最基本該做的財務規劃,
但問題是要投入多少、到底要多早開始?

即使只是簡單的加減乘除,大多數人還是沒去計算過,
舉兩個簡單的例子:

如何60歲退休存到500萬元開民宿?只要每月存7594元!
你希望60歲之後能自己經營一間在地的民宿,
大約需要自備款大概需要500萬看似很大的金額,真的很難達成嗎?
假設投資報酬率6%,如果35歲時就已經開始準備,
只需要每月固定存下 7594元,就能達成目標。

但如果45歲才開始每月固定存錢投資,
每個月需要投入 17901元才可能在60歲達成目標,
否則就只能延後夢想達成的年齡。

只是晚了10年開始,每月要投入的金額就高出2倍!

不想要達成目標的壓力很大,解決的方法就是盡早開始

「實際看到」自己的目標,讓達成率再提高一倍

大多數人很難為了「想像中的目標」去努力,
比方一對新婚夫妻,雖然知道孩子的教育基金很重要,
一直等到小孩即將出生,「實際看到」孩子,
才會開始煩惱小孩的未來規劃。

又例如聯考考生,在考試前先到過未來想考上的學校「實際看看」,
可以讓準備考試時目標意識更加明確,達成率當然會更高。

以我自己為例,
每年固定出國旅遊,是我寫在自己人生目標的其中一項,
但以前並不會列入我的財務計畫中。

直到我到過日本京都,
就愛上了當地的空氣、食物、城市,希望每年都有機會到當地旅遊,
才會開始思考,
如果每年都想到當地旅遊2次,該如何做資金準備與投資規畫。

這裡有一個網站,他可以簡單的幫你算出未來目標需要的資金,
讓你實際看見未來各種不同的的二人生,
需要的花費目標,也有360度的全景照片實際感受一下退休時的真實情境。

立刻去玩看看吧>> https://goo.gl/MpRVKg

想達成目標,最好的方式就是給自己一個承諾!

許多朋友會買儲蓄險做投資,
或是幫自己設定定期扣款的基金,或是定期的存款。

「這樣可以強迫自己儲蓄。」通常是他們這樣選擇的理由。

觀察周遭有投資的朋友會發現,這些立下承諾穩定投資的人,不見得是獲利最高的,但往往是最能逐步穩穩達成財務目標的一群人。

除了「承諾投入資金」,還需要開始「學習投資」

常常有許多人怕麻煩,
投資時只想要聽明牌,等待別人給他正確的答案,
自己卻不願花時間學習,
結果通常是賠了一屁股之後,
還反過來告訴自己的兒女:「投資很危險千萬不要碰。」
把自己不學習歸咎於投資很危險,反而禍延三代。

除了立下承諾儲蓄,你可以從閱讀開始,
每月看一本投資理財書籍做學習。
或是每天花10分鐘閱讀投資相關的文章,慢慢提高自己的投資技巧。

快速結論:

1. 人生想做的事情很多,但得先從解決財務問題開始
2. 財務問題起於規畫,越早開始越容易達成
3. 達成投資目標除了承諾自己長期存錢理財,還要開始學習投資知識
4. 實際看過、體驗過自己的夢想一次,讓你達成目標機率更高

如何設定人生目標、訂下承諾?
這裡有個活動網站,可以試試看囉>> https://goo.gl/MpRVKg

http://www.rich01.com/2017/06/blog-post_86.html

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物流业-2:物流业归类!

June 18th, 2017

搞了一整天,才完成了一张图表。
看来要完成对大马上市公司的研究需要几年时间了。
大致上把物流公司类别归类为船务,运输,快递。
实际上它们的业务大多都有涉及船务和运输。
图表中归类为船务的Maybulk是大马知名的国际干货船运公司。
至于Harbour 和Syscorp 则经营本地和国际的集装箱业务。

至于本地运输公司则分成主要和次要玩家。
主要运输公司中Tnlogis 和Tasco 的年度营业额维持在5亿以上。
至于Freight和Century的营业额在3亿左右。
次要的上市运输公司,Complet和XinHwa的营业额则1亿左右。
剩余的Tocean 和ILB 的营业额只有2000万。

POS和Gdex主要经营快递。
POS的业务就很多元,包括缴付各种收费,汇款等等。
以市值来说这两家目前很接近。
POS的市值大约41亿,Gdex的市值大约38.5亿。

经过分类后,把它们的组别画成技术图。
得到的Performance Charts 如下,
至于如何分析,那是很个人的了。
因为好可以更好,好可以转坏,
坏可以转好,坏可以更坏。
这就是分析的趣味,只有最后预测的结果成真,
那才代表分析有效。
下一篇才继续写。

http://leoting81.blogspot.my/2017/06/2_17.html

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170617 6月第二周短期交易记录

June 18th, 2017

短短5天的交易日,共涨了40仙,真的是SUPER CRAZY STOCK。

什么原因导致ALCOM涨这么多,有两点:
第一点:特别股息20.3仙,除权7月3号
第二点:资本回退,回退32仙,EGM 6月22号 

如果第二点通过,你可以短时间内拿回52.3仙,我可以称这股是Sure Win Stock不为过。

任何投资有风险,谨慎评估风险,自负盈亏。

http://ddongdaily.blogspot.my/2017/06/170617-6.html

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IJM (3336) 怡保工程 – 赢3.42亿建捷运站合约 怡保工程实力最强

June 18th, 2017
17/06/201718:22

(吉隆坡17日讯)捷运机构(MRT Corp)已颁布一项价值3亿4218万令吉的合约予怡保工程机构有限公司(IJM,3336,建筑组),该合约内容包括沿着双溪毛糯-沙登-布城线(SSP)兴建捷运站。

隶属大马政府的捷运机构发布文告表示,已经授权怡保工程在Sri Delima、Kampung Batu、Kentonmen和怡保路兴建捷运站和完成其他相关工程。

捷运机构总执行长拿督斯里沙里尔在该文告中指出:“怡保工程在捷运项目方面拥有许多经验,这是非常宝贵的,它们将负责进行这项最新颁布的合约。我相信,它们将保持过往的良好记录,尽力做得最好。”

沙里尔表示,捷运机构以最佳评估的投标方式,从7名竞标者中选出怡保工程。

他说,捷运机构已将投标的技术、商业、法律和财务方面考量在内。

较早前,怡保工程也获捷运机构颁发合约。根据捷运机构的文告,怡保工程也是捷运项目从增江至怡保路的高架导轨承包商。

捷运机构说:“此前,怡保工程也包揽双溪毛糯-加影线(SBK)捷运项目的两项合约,负责从马鲁里出入口到康乐花园站(高架段V5)兴建高架桥导轨和其他相关工程,以及在第一花园、美达花园、珍珠花园和康乐花园(S5配套)兴建高架站和其他相关工程。”

本周五收市时,怡保工程跌1仙或0.29%至3.48令吉的全日低位,最高3.53令吉,成交量达725万7200股。

http://www.kwongwah.com.my/?p=340296

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Happy Daddy's Day

June 18th, 2017

Good morning … Happy Daddy’s day to all great daddy out there … including myself.

I have gone a huge distance since my boy was a baby … I was broke. I have nothing … and was in huge debt. Every … before I sleep, I will kiss his fore-head … and promise myself to build myself up (financially) … to be able to support him … in the best way of my abilities.

My sacrifices as a daddy was great …. but there are many more greater daddy out there. So … to you all daddy, I highly respect your sacrifices.

Thank you for making this world a littl better … as we tried to carry out of responsibilities as …. DADDY.

Now … I will wish to send my boy to a ‘private’ school … I m a simple person, who do not use money much … I could save in makan (one of my largest spending right now) … reduce further in grocery-expenses … etc etc … work extra hours to be able to afford to send him … to private-school.

I attended the expo in Mid-Valley yesterday … shopping for a school for him. We found ‘one’ … but it is ‘costly’ … suitable for what I want in him … so, I may go-ahead … send him there, earn more … from tuition classes and trading.

Perhaps … I can jual-kuih too?

I am helping this family (with 3 OKU kids) … doing some promotion here … and will write more about their ‘stories’. Recently, I helped by raising some funds (thru facebook) to help them … to temporary going through tough times  …. and hope to grow this kuih-muih biz for them.

Yes … 3 OKU kids … and hubby in 60s, not feeling well.

If you need to order kuih-muih, call the number : 016-389 0711 …. you may cite me : CPTEH punya kawan/reader.

Thanks … and have great day!

TEH

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