wah 0.26 , not even 1/2 of the 0.55 (offer price ) ! .

---

Added on September 4, 2012, 4:15 pmsame . 1.25 x 2.5 = 3.125 . different by a couple of cents .

and this is from yesterday .

DJ MARKET TALK: CIMB Starts IHH Healthcare At Outperform, Target S$1.53


0811 GMT [Dow Jones] STOCK CALL: CIMB starts IHH Healthcare (Q0F.SG) at Outperform with S$1.53 target. "IHH's extensive footprint in a defensive sector is one of the best business models around. It possesses steady-growth profile, driven by unquenchable demands for better healthcare needs. This is a direct play on the rising global healthcare costs." It notes IHH operates an integrated healthcare business and related services, with market leadership in its three home markets of Singapore, Malaysia and Turkey as well as operations and investments in China, India, Hong Kong, Vietnam, Brunei and Macedonia. It adds, IHH's ability to capture the huge demand for medical travel is a big plus, with its key home markets able to act as regional hubs for medical travel. IHH's sponsorship of the Parkway Life REIT (C2PU.SG) also provides opportunities not readily available to other healthcare players, with possible further asset-recycling chances among its Malaysian assets, and with freed capital likely redeployed to growth frontiers, it says. The stock is flat at S$1.25. (leslie.shaffer@dowjones.com)


This post has been edited by GregPG01: Sep 4 2012, 04:15 PM

forum not as crowded as before already, but recently found many genuine comments and sharings ......... i enjoyed today postings by so many sifu(s) and tq

So I can straight away put the Malaysia IHH TP from cimb as RM3.813(direct converted from S$)?

I want to share the complete cimb paper here but once again the forum rejected it because file size too large for their setting i think. Too bad.

What was that TCPRO?

Are you mean iTrade@CIMBPRO?
If this one you refer, this ain't cheap. Compare to OSK OMS - FOC

I also forgot who in this forum talked about it many times. Since this stock was so popular here.

it is a trading software ... it is a quite convenient software which is not web based one..

no ppl using here?

Of course is a trading software. Is a client based trading platform without to visit IB webpage. OSK provide this client based for FREE. Is called OSK OMS188. Which i'm using now.

u may share it in google docs, and post the link here.. so we can read.

the current broker regional network brokerage are priced blood sucking excessively.

ASEAN Trading Link on sept 18 doesnt really have much effect towards retail traders...

If the new ASEAN Link able to offer better competittive brokerage, i definitely invest in SGX exchange

This post has been edited by john123x: Sep 4 2012, 05:37 PM

But according to US Laws, for bankers who got involved in the listing of a co cannot write recommendation letters for that co within a time frame. Be it one page or 100 pages.

Conflict of Interest is always there.

I thought they gave such good recommendations for MEGB too,only recently scrapping it.

I mean for serious investors, these sensitive things are rather important. After all, we aim to be world top class IPO centre.

" Bank of America-Merrill Lynch (BAC.N), CIMB (CIMB.KL) and Deutsche Bank (DBKGn.DE) are the lead global coordinators for the IHH listing, with Credit Suisse (MLPN.P), DBS (DBSM.SI), Goldman Sachs (GS.N) and Maybank (MBBM.KL) acting as joint bookrunners."

This post has been edited by SKY 1809: Sep 4 2012, 05:55 PM

Agreed. There could be bias. But in fact, any IB paper could be bias, because it's too tiring to find out which IB has businesses involved with which company. Own judgement is the final skill we all should have. It's risky to blindly follow any IB papers or any forumer's recommendations.

ingens kinda like cybert.......

this year, this kinda of speculation happens lots of time already....

kinda true.

What is yr judgment on rm 6B Goodwill and 500m currency risk of IHH , mind to share

I thought you don't fancy on audition?
I haven't read the paper yet actually. And I have not buying any IHH yet although feeling bullish on hospital business as a whole. Let me read read it first then, there are so many papers waiting to be read.

Thanks for the information.
Can you share more details? The land size and how muchie?
One more big favour. Do you know if OSK still covers this stock? Can share?

OSK ceased covering Plenitude in May 2012.

"Discontinuing coverage, Not Rated. While we continue to like Plenitude for its strong
fundamentals thanks to its solid balance sheet, we are discontinuing our coverage on
the company due to resource allocation on our side. As a result, we now have a Not
Rated recommendation on Plenitude. Our previous call on Plenitude was Buy with a FV
of RM2.90, based on 0.9x P/NTA on its FY12 NTA."

http://www.bursamalaysia.com/market/listed...ncements/345192

http://www.bursamalaysia.com/market/listed...ncements/332936

osk discontinued coverage.

Edit -> you can try to compare with Sps latest Pen land purchase...(that's the latest land del in Pen at I can recall , both not very far away from each other ...but that's this year la)

This post has been edited by GregPG01: Sep 5 2012, 08:00 AM

seems like most of the property developer shift their firepower on Penang

I know many investors who are value investors would look at PE. I do. PE is the simplest benchmark to evaluate how attractive a company can be. But we cannot use them all the time. In fact, we can only use them only as a guide. Let me give some examples for this article. You may think of many more...

Value investing in Stocks is about investing into great business

The easiest way into any investment is about your comfort level. When investing into certain companies, as I noticed, some people have commented that they buy because so and so company gives good dividends and has low PE ratio. Are you sure? Can they last?

Let's look at it this way. A company may provide good dividends but are those dividends sustainable. An example, Masterskill gave 7 sen dividend / share in September 2010 and 7.9 sen dividend per share in May 2011. During that time, the price seemed to be cheap - based on dividend yield that is. However, those numbers were not sustainable. Look at what happened now. This is because its business is risky. It did not have fundamentals. It was relying too much on government's loans to those students who did not know the options that they had. Getting education at the end of the day is about getting jobs from the qualifications that they obtained. Many of the nurses that Masterskill trained could not get jobs as the demand was not as much as the number of trained nurses they produced yearly. What happened then? These students could not get the jobs they were looking for, hence their loans from the government are not paid. PTPTN, the lending party hence came up with tougher rules.

Compare that to a company that I have liked. Oldtown. Originally, I have gone on the unconventional to say that Oldtown was an attractive IPO. Most IPOs during the last few years underperformed. Oldtown underperformed actually for the first few months. However, for one you can easily noticed this business that the owners built is there to stay. Customers frequent. Its location are fantastic. (Ever wonder why McDonalds prefers to have outlets along the highways than in a mall? - make themselves noticeable - they go on eyeballs per dollar invested!) Oldtown is not Starbucks or McDonalds but it is a company which gave some goosebumps until rumours that Vincent Tan who owns franchises for the two offered Oldtown's owner for the business. I wouldn't be surprise actually.

Why? Sentiments may say that Oldtown is facing a very competitive challenge in a very competitive space. Yes again! Remember PCs. Were PC business competitive? Most competitors failed. Lesser and lesser survived. And those who survived did very well at least for a period - Dell, Compaq, HP, Acer, IBM. Starbucks has that similar competition. It is now a USD38billion company - still with tonnes of competition. Well. this is because the business makes sense. That's why there are tonnes of competition. But only few survived and those who have proven to do so will most probably thrive. Starbucks thrives.

Business is about collection

Simple logic. Why else would you do business for. List them? But to face tough collections problems. See below. EA Holdings trades at about 4x PE. How low can it go some more? But its (yet to be collected) collection is about 1 year its revenue. Collectible you may wonder, I don't know actually - I have doubts.



Big business is easier actually

Listed in Malaysia, there are some franchises - but not many. Most are small companies. Nestle is a franchise for its cocoa drinks - Milo, Nescafe. Oldtown and Airasia are successful franchises which are built amazingly over a short period. Other franchises - CIMB, Public Bank, KFC, Amway etc. To run these businesses are much easier than most SMEs CEOs. These large companies CEOs may not agree with me, but at least they do not worry over money, paying salaries, survival. They mostly worry over their own survival first, then only the company. Try to be in position of SMEs - some of them are listed. If you look at the balance sheet of these smaller companies, they have no budget. Each and every action needs to be thought of properly as they have limited funds. Raising funds is tough as convincing people - such as investors, bankers. Now you know, that Tony Fernandez has said it many times - where were the banks when he needed funds. Now he can have it, It was tough though when he started. Believe that.

Because of this - would you pay a higher PE for larger companies which already has a franchise - be it in its process or brand? If you do not believe me, try looking for some of the smaller companies which has low PEs - invest in them. Chances are for them to survive they have to be consistently successful not once, but many instances - much tougher. Because of that, they are unable to build a solid franchise name.

Hence, in future when invest in value, try thinking all of these. It can be easy. And do not think complicatedly.

Link : http://www.intellecpoint.com/2012/09/value...w-pe-alone.html

Nice info.

But nowadays I follow the cash flow. Revenue is one thing, collection is another.

Quite a few examples of high revenue and EPS but at last, collection is unclear and company have to correct their accounts as losses.

Muhibbah was one of the few unfortunate examples of OnG company thought to be very fortunate to have landed a huge contract in the Johor Oil Terminal project only to see the project fail. Revenue/profit has already been recorded in their books, now only waiting to see how much they have to writeback as losses once the administration of the project finances is done.

Last time Dubai financial collapse also claimed a popular KLSE company heavily concentrated in Dubai projects. Lots of revenue but at last when Dubai go holland, their receivables were unable to be converted to cash and at last de-listed in shambles.

PER is based on EPS whether future or past. But EPS is based upon revenue/profit, which does not take into consideration of whether cash is received or not. So a company can claimed it received over Rm10 bil revenue by just providing a simple receipt and then minusing their cost of operation and announced a record profit and EPS. But no money is seen.

Example:

Company A
EPS 100
PER 3x
EPS Growth 20% PA
Revenue growth 20% PA

Is the above company good? It's only good if the operational cash collection is acceptable. Meaning their sales actually can be converted into cash and not stay in their 'receivable' bracket for the longest time and the company survive only on loans/overdraft.

IMO anyway.