Just bought 3000 shares of Pjdev at 0.925.
Cash left only 1k something.
Maybe for plenitude at 3.02.
:)
Cash left only 1k something.
Maybe for plenitude at 3.02.
:)
Monday, September 3, 2007
Sunday, September 2, 2007
How cheap is Masteel?
with 2 Quarter now, they have eps 15.64, with another two quarter with similar result (which is a very conservative assumption!), let say 30sen,
At price 1.34, the pe = 4.7, omg!! you say cheap or not? if they did better than current one, you will see the cheapest profitable metal stock.
Not convincing? then look at below statesment :
1.Construction Industry Recovery
The construction sector is projected to turn around in 2007 to register a growth of 3%, against a contractionof 0.5% in 2006.Under the Ninth Malaysia Plan, the Government has allocated up to RM10 billion for the development ofSouthern Corridor in the State of Johor, which includes the development of a special economic zone knownas the Iskandar Development Region. The implementation of the plan, which will start in 2007, is expected toboost the local construction industry.The steel industry is looking to benefit from the positive growth and re-bound of the construction industry.
2.Export Potentials
Singapore’s highly profiled casino/resorts mega-project development plan will also augur well for Malaysia’s steelindustry due to our proximity to the island city.
3.Foreign Exchange
The strengthening of the Malaysian Ringgit against the US Dollar will reduce the cost of imported materialsnecessary for our manufacturing process, thereby benefiting our overall cost of production.
Decide whether to buy or not, think..
At price 1.34, the pe = 4.7, omg!! you say cheap or not? if they did better than current one, you will see the cheapest profitable metal stock.
Not convincing? then look at below statesment :
1.Construction Industry Recovery
The construction sector is projected to turn around in 2007 to register a growth of 3%, against a contractionof 0.5% in 2006.Under the Ninth Malaysia Plan, the Government has allocated up to RM10 billion for the development ofSouthern Corridor in the State of Johor, which includes the development of a special economic zone knownas the Iskandar Development Region. The implementation of the plan, which will start in 2007, is expected toboost the local construction industry.The steel industry is looking to benefit from the positive growth and re-bound of the construction industry.
2.Export Potentials
Singapore’s highly profiled casino/resorts mega-project development plan will also augur well for Malaysia’s steelindustry due to our proximity to the island city.
3.Foreign Exchange
The strengthening of the Malaysian Ringgit against the US Dollar will reduce the cost of imported materialsnecessary for our manufacturing process, thereby benefiting our overall cost of production.
Decide whether to buy or not, think..
Portfolio Update
Portfolio update:
sell litrak at 3.80 with 500 shares.. get 2k cash.
sell litrak at 3.80 with 500 shares.. get 2k cash.
manage to get masteel on thursday. 1 lot. By having 4k cash on hand, they should be use for future purchase.
Now the portfolio looks as above, property stock is only take out 12% of total portfolio, which is very low. I intends to add pjdev and plenitude into my portfolio, and make the propery counter become 40% or more.
Now the portfolio looks as above, property stock is only take out 12% of total portfolio, which is very low. I intends to add pjdev and plenitude into my portfolio, and make the propery counter become 40% or more.
melewar should be sold to swap to property counter. :) try to get some during monday.
Pjdev and Plenitude
Many counters like ireka, paramon, pjdev and plenitude property counter record very impressive result ( too bad metrok did not).
Among these counter, i most like the counter pjdev and plenitude.
lets take a look on plenitude quarter report:
revenue for 2007 compare to 2006 is 238millions compare to 221millions, basic earning is 41sen ps compare to 38.8 sen ps, which is 8% improvement.
at current price RM3.02, the PE is 7.36. Which is ridiculous low. :).
This is commented in quarter report:
The Group achieved a profit after tax of RM56.5 million on the back of revenue of RM238.2 million for the current year-to-date under review. This performance was mainly attributable to progressive profit recognised on properties sold, completed and handed over in respect of Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor, Bandar Perdana in Kedah, The Residences and Changkat View in Sri Hartamas, Kuala Lumpur. Apart from the profit contributed from property development projects, Tanjung Bungah Beach Hotel in Penang has also contributed 2% to the Group’s net profit.
With long term borrowng stood at 11m, cash on hand 81 millions, (wow, a debt free company!) ,
Land Held for future Development
138,641
Property Development Projects - non current portion
175,305
Property Development Projects - current portion
131,508
All is very good!!! they have many lands , many future project and current project working, a pe lower than 8 is too low!! this company is undervalue.
Will buy in for 3.02 if possible monday
For pjdev,
revenue for 2007 compare to 2006 is 549.358millions compare to 487.82millions, basic earning is 9.29sen ps compare to 6.29 sen ps, which is improvement 49%.
pricing for now is 0.92, which is Pe around 10.
This is commented in quarter report:
The Board projects a better financial year ahead. With the on going projects receiving encouraging response coupled with new launches, the Property Division is expected to record higher earnings. Cable manufacturing business continues to show good performance. With the vigorous implementation of the 9th Malaysian Plan, we believe that the demand for power cables will continue to be strong and the cable business will perform satisfactorily. Our Hotel and Leisure division will also benefit from the government’s current promotional activities to attract foreign visitors to our country, and as such, the performance of this division will continue to improve.
seems like management has the confidence to achieve better result, with 5 sen dividen going to be declared , at price 0.92, dividend is around 4%. which is very good
How to know they have more project to reep more profit?
Current Property Development Costs is 261m vs 169m (previous year), i believe there is more to offer from pjdev.
some more, there is some one want to push the price going up (a very big boss!)
These 3 counters will be my main composition of property counter.
metrok will be benefited from the government new policy ( as rumous going :) , so i will keep it.
Good luck !
Among these counter, i most like the counter pjdev and plenitude.
lets take a look on plenitude quarter report:
revenue for 2007 compare to 2006 is 238millions compare to 221millions, basic earning is 41sen ps compare to 38.8 sen ps, which is 8% improvement.
at current price RM3.02, the PE is 7.36. Which is ridiculous low. :).
This is commented in quarter report:
The Group achieved a profit after tax of RM56.5 million on the back of revenue of RM238.2 million for the current year-to-date under review. This performance was mainly attributable to progressive profit recognised on properties sold, completed and handed over in respect of Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor, Bandar Perdana in Kedah, The Residences and Changkat View in Sri Hartamas, Kuala Lumpur. Apart from the profit contributed from property development projects, Tanjung Bungah Beach Hotel in Penang has also contributed 2% to the Group’s net profit.
With long term borrowng stood at 11m, cash on hand 81 millions, (wow, a debt free company!) ,
Land Held for future Development
138,641
Property Development Projects - non current portion
175,305
Property Development Projects - current portion
131,508
All is very good!!! they have many lands , many future project and current project working, a pe lower than 8 is too low!! this company is undervalue.
Will buy in for 3.02 if possible monday
For pjdev,
revenue for 2007 compare to 2006 is 549.358millions compare to 487.82millions, basic earning is 9.29sen ps compare to 6.29 sen ps, which is improvement 49%.
pricing for now is 0.92, which is Pe around 10.
This is commented in quarter report:
The Board projects a better financial year ahead. With the on going projects receiving encouraging response coupled with new launches, the Property Division is expected to record higher earnings. Cable manufacturing business continues to show good performance. With the vigorous implementation of the 9th Malaysian Plan, we believe that the demand for power cables will continue to be strong and the cable business will perform satisfactorily. Our Hotel and Leisure division will also benefit from the government’s current promotional activities to attract foreign visitors to our country, and as such, the performance of this division will continue to improve.
seems like management has the confidence to achieve better result, with 5 sen dividen going to be declared , at price 0.92, dividend is around 4%. which is very good
How to know they have more project to reep more profit?
Current Property Development Costs is 261m vs 169m (previous year), i believe there is more to offer from pjdev.
some more, there is some one want to push the price going up (a very big boss!)
These 3 counters will be my main composition of property counter.
metrok will be benefited from the government new policy ( as rumous going :) , so i will keep it.
Good luck !
Wednesday, August 29, 2007
Portfolio analysis
My portfolio analysis is looks as above:
metal stock is taking 48% (majority) of my portfolio, while highway (litrak) stock is 11%, with shipping (maybulk) on top of it which is 29%, property is only a merely 12%, i believe selling melewar on strength and selling litrak to get more property stock is the better way of reposition my portfolio.
Whats next? maybe metrok, pjdev, plenitude :)
WAit for government announce good news for property sector. still have around 3-4k cash on hand for property too.
Dow Jones seems dropping alot now, shopping time maybe...
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