Raya sales vs World bull -- Raya loss.

congrats! me too.

still not have chance to grab holland girls. too chicken.
if its growth still strong, then current price is still cheap. All depends on how's its growth in future.

Digistar approaching 52-wk low. Profit drops 50%. Last year profit up 300%. Up down up down with zero dividend. Sold around 0.48 on its last bull, lucky me. This kind of stock can only play short term. And now, more feel like losing confidence on this company. Management did not give good reasons for the drop and how to overcome since last bad qtr report.
However, its properties investment may give fruit if able to managed well, but competition is very tough in that forest.

Malaysia, Indonesia and Thailand have taken two measures that will withdraw a total of 450,000 tonnes of natural rubber (NR) from the market in order help the rubber price recover.

Read more: 3 nations withdraw 450,000 tonnes of rubber http://www.btimes.com.my/Current_News/BTIM.../#ixzz23n3HsgbR


Glove, very tough business. Must increase revenue aggressively in order to neutralize this thing. CIMB viewed Topglov investing in Rubber plantation as negative, but I think it's a great move. Not familiar with the business, overcome it lah. What's the big deal. Big deal is rubber price movement here since it's so heavy on factoring the profit margin.

My friend's brother who is a post-grad IT expert, came back from Taiwan to Malaysia to his parent's little rubber estate to work 2-3 years ago when rubber price peak, because he could earn double of his salary here.

if not holding it now, no need buy now. what until the 5th year only start buying. joking only.
i mean, now these glove makers all aggressively increasing productions. If able to find market to sell, revenue up big time, then rubber price up also can be neutralize. But when the plantation starts production, then the business can say become much more defensive. Now those IBs keep saying glove is defensive, that's bullshit. If defensive, how come 2 years ago glove stocks all got 50% price sales.

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Added on August 17, 2012, 5:13 pm1700 coming lah...(say so long time already also feel shy myself )


This post has been edited by yok70: Aug 17 2012, 05:13 PM

my friend's parents also very tiny small time planters.
however, they manage to give 5 sons go overseas study college. They got 9 sons!! They give birth a lot because they thought their sons can go work in the rubber estate. But no, all don't want pula.

True. As long as the management knows what they are doing, should be doing fine. Unless, competition arise. However, recent 5 years may consider critical years for Malaysia's modernization. More and more people starts to spend more money on luxury goods(ie smartphones) and services(ie broadband). Therefore, to maintain this growth potential is not that easy anymore for the next 10 years, when our middle class growth slow down. Imagine, broadband in just last 2 years was 1-3Mbit around $120, now it's 10Mbit for almost the same price. I mean, in future, even though technology advance, they may still charge the same price. So the critical area is on growth speed of the middle class.

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Added on August 17, 2012, 5:25 pmtrue, tapping rubber do needs good skill. That's why many small time owners prefer to tap themselves instead of the foreign workers because the trees may be damaged.

This post has been edited by yok70: Aug 17 2012, 05:25 PM

Most management philosophy local is still far outdated. We (almost) never see experienced skillful technicians and engineers getting high pay. They need to become managers or directors in order to get higher pay, otherwise their salary raise will stop at their 30 year old and then stay at the same for the next 20 years. Last time when I still in IT line, we worked with Australia programmers. Their salary is higher than their superior (senior manager), and it's 3 times higher than ours. And we are the same age, with about the same quality of skills.

Not a surprise. Many wise men that I know have this dream of retiring as a farmer, some even want to become farmer immediately but being refused by their wife or parents because their current job pays well. Choice of life, for most people, is highly depending on others instead of ourselves. No right or wrong here.

Supermax qtr report revenue flat, profit up 19%, but EPS drops 37%. Why EPS drop so much? Dilution kah?

Thanks for informing. 1:1 bonus, quite high dilution.

Why revenue up 84%(139m vs 75m) and profit down 41%? i'm not sure what's the story behind, do you know any? Will wait for IBs papers or management's report to see what's happening.
I actually wish price can drop gaw gaw....best below 1.30, then i will start accumulate more...its main attraction is landbanks, Sime buying it mainly for its landbanks in addition to brand name.

Do you know why revenue up but profit drop? Please share your information with us. You are the insider king in this forum.

This post has been edited by yok70: Aug 20 2012, 12:28 AM

Thanks for the direction.
I just checked its historical EPS, i guess you are right.
1Q EPS last year had a big gap at 4.8sen while quarters before it were 0.3-1.15sen.
Past 4 quarters EPS were 1.27, 1.4, 3.84, 2.74 sen. That's more than double of past EPS (exclusive of that sudden jump of 4.8sen quarter).
I guess E&O has a more volatile income. Not as steady as some others such as Mahsing and Huayang since past 2 years.
In this case, maybe my wet dream of its share price falling big time will be hard to achieve.
Consider current valuation (PE or RNAV), it is consider one of the most expensive properties stock. So its valuation now still highly related to its huge Penang's landbanks....feels like a wet dream valuation situation. So Sime believes in this wet dream, while many don't. Who's right? We never know. Only time will tell.

Yes, the "sea land".
Now in Penang, it's not about how expensive to buy lands, it's about where got land to buy. That's why even at 60% premium, Sime gotta buy even at rush, cannot wait because later other buyers come in can raise the premium even higher.
Yes, Sime can help a lot with the $$$, and that also VERY CLEAR that Sime will sure one day "put one leg" into E&O's management.

Tambun was my ex. Not yet re-married.

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Added on August 20, 2012, 7:54 pmYa, I read that too. However, business is business. We need to see the details of the deal before able to make judgement. Government can rob us in dark, but still need to show some sweet under the sun.

This post has been edited by yok70: Aug 20 2012, 07:54 PM

Attached File(s)
 EnO_cimb_190812.pdf ( 491.95k ) Number of downloads: 49

MIDF raised TP for E&O to 1.92 from 1.72, RNAV discount to 10% from 20% since earnings results was inline with its expectation.

http://www.theedgemalaysia.com/business-ne...e-to-rm192.html

An alternative way to resolve Sime and SC's embarrassment is to make the share price closer to 2.30, then any court case or rumors will be self-die of becoming meaningless.
Not a buy call, seriously. Just hold call for myself.

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Added on August 22, 2012, 5:31 pmCold-eye's power has definitely overtakes Alex and Dali recently.
The stock has upwards from long straight line 1.05 to now 1.80. Already as huge as Huayang.

This post has been edited by yok70: Aug 22 2012, 05:31 PM