TSM...small cap.,..less vol,....but good fundamental....i think only for long term. ANY comment?

TSM...chart and ratio


This post has been edited by alan chan: Sep 30 2009, 04:34 PM

i nearly bought it yesterday.
agree with u, good fundamental somemore low PE
but less vol, it suitable to hold long term. i prefer to play short term

yes, u are rite,...only for long term.

hopefully next bull will push this to around RM3.00.

NTA RM 2.49,

Cash+ Investment RM 2.30

PE ratio <5

Share price only RM 1.83.

This post has been edited by hpcp: Oct 1 2009, 02:15 PM

share split or Bonus issue is one of the way to move the share price faster because of liquidity.

They haven't do that for many years,....hopefully soon.



No Ex-Date Issue Type Ratio Issue Price Capital Entitlements
1 19/01/2000 R 2:2 RM 1.000 RTS OF 2+1W FOR 2 @ RM1 IP
2 14/02/1995 B 1:5 BONUS OF 1 FOR 5

It is puzzling why the company is not giving bonus issue or capital repayment, given the huge reserve of cash.

At least more generous dividend. 5 cents for EPS of RM 0.40 is a bit "stingy"

Even there is plan for expansion, do they need such huge amount of money?

hope the market will value it.....maybe not in near term.

MAMEE is also one of the slow steady moving counter.

EPS for Q1 + Q2 for year 2009 is 26.02cents alr.

Expect to have more earning for Q3 and Q4. lets assume earning maintain at 26.00 for the Q3+Q4. So the EPS
for year 2009 will be around 52 cents.

with ave PER @ around 7. share price should target @ around 3.50 - 3.60 ( Now trading @ 3.00).

Any idea for this?

So happen that I like Mamee as well

TSM Global
The price is now at 5 years high.
The earning is yoyo
Last year quater result is alot better but the share price last year never exceed 1.40
The NTA of more than RM2.40 is much suspect.
I couldn't find the Annual Report from the web site
so I don't like it.

TSM Annual report at BursaMalaysia.com

http://www.bursamalaysia.com/website/bm/li...ports/index.jsp

Tq
Yes I should be able to get it there.

Balance sheet getting stronger and stronger so it is not a surprise the share price goes higher and higher.

Mind sharing what made you feel suspicious of her NTA?

NOt much changes in the Fixed assets compare to last financial year.
BUT ..increasing in current assets for about 10% mostly is in CASH...AND the short term loan is reduce from 14.7M to 1.1M.
Current ration is @ 5 (which is consider strong in financial). At least still can "tahan" if market and sales in down time. what if market GOOD.!

LOng term loan @ 4.5M,....cash in bank is 99.4M.....that i cant see any dangerous to invest in this company at the current moment,...BUT only what price to BUY!>>>

Working capital itself is @ RM 2.90 which is around RM1.00 high then the company share price ( +/- RM1.80)


Really cant predict their future earning,. but if base on the record..
ave EPS growth is 12.5%
GROSS EPS (SEN) 42.20 37.20 24.70 23.00 29.20

Year 2009 project @ 47.6, target price @ 1.90(so far Q1+Q2 = 19.48 only)
Year 2010 project @ 53.3 , Target @ 2.13.

So to buy now,..i think maybe a bit high in theory. BUT market sometimes is not logic. prefer to buy around 1.20-1.30 level.

Value maybe around 2.20 for next 2 years (@ PER 4)....Industry PER is around 8-9. If PER 8-9 for TSM,..then 3.00 is very soon to reach.

Of course, again the low volatility keep the ave PER low @ around 4.

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Added on October 2, 2009, 9:59 amwhat is your target price?

This post has been edited by alan chan: Oct 2 2009, 09:59 AM

For this type of undervalued counter, I do not look at the short term price fluctuation and I think I will keep this counter as long as the business and management do not deteriorate

To start:
The chairman and director are fomerly from MAS. MAB , Jerneh Cap and Celcom.
Look what happen to these companies during their time and before they left.
( In the directors profile they dont even mention this companies)

The main bussiness the factory in Perak still very new bought for RM22M ( can be good or bad). and very much dependent on automative business (Honda).

For those who invest on a short term.. it dont matter much.

thanks for your useful info.

this may answer why they dun give more dividend, coz they need the money to buy "poster" for their office.......?

lets monitor their result..

They are non-executive directors...

It is the MD that actively running the company...

Yes u are right but the MD is his 31 years old son

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Added on October 2, 2009, 12:42 pmSorry Correction:
The MD is fomerly from Celcom ant the executive Directors are the son and brother of the MD.
May the son is now being trainned to to take over the father's job.

This post has been edited by rosdi1: Oct 2 2009, 12:42 PM

Director Position
DATO WAN MALEK B IBRAHIM CHAIRMAN/NINED
DATO LIM KHENG YEW MD
LIM KHENG CHYE ED
HJ SUBKI HJ AHMAD INED
DATO WIRA ABD RAHMAN B HJ ISMAIL INED
LIM HOCK CHYE INED
DATO ANUAR BASHAH B HJ MOHD SOHORE INED
LIM TZE THEAN ED

DATO LIM KHENG YEW currently hold position:-\

1 EDARAN BERHAD INED,20080630
2 KYM HOLDINGS BERHAD ED,20090131
3 TSM GLOBAL BERHAD MD,20090131

KYM HOLDINGS BERHAD is badly manage by DATO CHONG THIN CHOY and DATO LIM KHENG YEW .
looks @ KYM financial statement is almost bankrupt.

rosdi may have the point,....DATO LIM maybe just a speculator in the capital market OR a bad company is always bad even if it is managed by a genius.

Need to know more details on how they run TSM. ....by Quality products.or politics relationships...

This post has been edited by alan chan: Oct 2 2009, 03:51 PM