QUOTE(gark @ Jan 24 2014, 10:33 AM)
You looking at it? 
gark gor, what you think of gadang valuation? got potential to increase to 1.20 at the very least?Bursa Traders Thread V2, waaa! V2 d !
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 Jan 24 2014, 10:37 AM
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2,081 posts Joined: Mar 2012 
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Jan 24 2014, 10:39 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(MrLoo @ Jan 24 2014, 10:37 AM) HDBS more yummy? macha!Errr... already gave my 3 sen on HDBS la... scroll back few pages.  not yet sau kong ah? all ready for CNY pok sat? |
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Jan 24 2014, 10:41 AM
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Senior Member
12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....
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QUOTE(MrLoo @ Jan 24 2014, 10:37 AM) HDBS more yummy? Someone start kasi 'rumor'.. will go PN17..  |
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Jan 24 2014, 10:41 AM
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Senior Member
4,230 posts Joined: Sep 2010 From: Malacca 
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QUOTE(gark @ Jan 24 2014, 10:41 AM) Someone start kasi 'rumor'.. will go PN17.. y pn17 leh? i tot affin just takeover? |
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Jan 24 2014, 10:44 AM
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Senior Member
4,230 posts Joined: Sep 2010 From: Malacca
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QUOTE(Boon3 @ Jan 24 2014, 10:39 AM) macha! wah... i cant find ur 3cents Errr... already gave my 3 sen on HDBS la... scroll back few pages. not yet sau kong ah? all ready for CNY pok sat?  ...but from previous material i read, possible of directors x mo share the money... |
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Jan 24 2014, 10:48 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(gark @ Jan 24 2014, 10:41 AM) Someone start kasi 'rumor'.. will go PN17.. 689/690 looks like a not bad price...ONLY if you want to pok sat wif Ajib's bro horse. |
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Jan 24 2014, 10:50 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(MrLoo @ Jan 24 2014, 10:44 AM) wah... i cant find ur 3cents Cannot find meh? ...but from previous material i read, possible of directors x mo share the money... anyway... are you sure you want this TYPE of stock meh? this kind of play, needs lots of time one wor.... must wait many, many moons.... you sure you can wait one meh? |
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Jan 24 2014, 10:51 AM
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Senior Member
4,230 posts Joined: Sep 2010 From: Malacca
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QUOTE(Boon3 @ Jan 24 2014, 10:50 AM) Cannot find meh? don wan la... pok with jib dai seems better... anyway... are you sure you want this TYPE of stock meh? this kind of play, needs lots of time one wor.... must wait many, many moons.... you sure you can wait one meh? |
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Jan 24 2014, 10:54 AM
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Senior Member
4,230 posts Joined: Sep 2010 From: Malacca
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boon3... klci fight b ark?
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Jan 24 2014, 10:56 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(MrLoo @ Jan 24 2014, 10:54 AM) boon3... klci fight b ark? I am not buying anything yet hor...... |
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Jan 24 2014, 10:57 AM
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Senior Member
4,230 posts Joined: Sep 2010 From: Malacca
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QUOTE(Boon3 @ Jan 24 2014, 10:56 AM) I am not buying anything yet hor......  |
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Jan 24 2014, 10:58 AM
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8,652 posts Joined: Sep 2005 From: lolyat
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Long time no check in, did i miss out 6688?
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Jan 24 2014, 11:15 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(yhtan @ Jan 24 2014, 10:58 AM) Long time no check in, did i miss out 6688? you miss Ah Lian.She now 341. See, this is why I try not to bottom fish. |
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Jan 24 2014, 11:17 AM
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4,174 posts Joined: Dec 2008 
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QUOTE(Boon3 @ Jan 24 2014, 08:40 AM) TA comments are extremely subjective. Very informative. THANKS!... coz i was thinking of bottom fish too... now hv to re-strategize. Most of the time, it also depends on what kind of player (trader/investor/speculator/punter) the person is... For what it's worth.... (please note I could always be wrong)  That was the first thing I saw when I opened my trading platform (KenMoney). Not looking good was my initial impression. Long candle down. Much, much heavier traded volume. Two of the most unwanted signals in a stock. Looking closer, the stock had a nightmare trading recently. After opening a small gap higher on the 8th Jan, the stock is clearly retreating. And the sell of yesterday, clearly exacerbated things.... Zooming out to a 12 month time frame, we have this...  We need to zoom out cos from the first chart.. we do not know where the stock had been... or where the stock could end up next.... So where's next? Typically, my guess would have been maybe 90 sen or 86 sen. But given yesterday actions.... where the stock gap-ed down, ended down on heavy volume, all guesses are off. Why? It's a sell off. The very first day. And the momentum of the sell off could take the stock much lower. And I am ONE WHO FINDS IT VERY PROFITABLE NOT TO GUESS HOW LOW OR HOW HIGH A STOCK COULD GO, would not one to be guessing.... And zooming the chart further out...  As can seen, Pantech had clearly been a success for long term traders/investors. And most, would have known, that one of the main reason was the stellar turnaround in earnings. FY2011 was a disaster for the stock. But since then, the turnaround was impressive. Markets love turnaround/growth stories... So what happened yesterday? What as the reason for the sell off? So perhaps it's the poor market sentiments of late.... But we do need to find out what happened... Yes, we might not know the exact reason.. but more often that not... we should be able to find a reason to justify ourselves... As most would have known.. the sell off was due to the much lower than expected earnings.. In fact, one probably would have called it a disaster. http://www.thestar.com.my/Business/Busines...-earnings-slip/ Earnings was down 22.5%. Price targets were lowered instantly. Kenanga lowered its TP from 1.28 to 1.07. One thing I know is when a growth stock, suffers a huge decline in its earnings, sharp stock price declines usually follows.... And this is what happened. That would have been my guess. Would I want to bottom fish? NO. This is something like Zhulian. Although I would be less pessimistic for Pantech. For Pantech has a clearly much better business model than Zhulian. But a decline is a decline. And for a growth stock showing decline in earnings... I would rather wait. I would rather pay the price for being cautious and if the bloody ayam wants to run, let it run... LOL! I would rather wait for the next set of quarterly earnings.... Or if there is a positive set of new development.. Or if there is a positive set of development in the chart... Last thing I would want to do, is to guess where and when is the time to bottom fish for this stock. My long 3 sen worth.....  yeah.. I could always be wrong .... |
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Jan 24 2014, 11:25 AM
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Senior Member
2,635 posts Joined: Jun 2011 From: bohtakchik
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QUOTE(Boon3 @ Jan 24 2014, 10:48 AM) 689/690 looks like a not bad price... just came out of meeting. yang ini which one? ONLY if you want to pok sat wif Ajib's bro horse.  |
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Jan 24 2014, 11:26 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(elea88 @ Jan 24 2014, 11:17 AM) Very informative. THANKS!... coz i was thinking of bottom fish too... now hv to re-strategize. This is Kenanga's report which I copy and paste... Actual vs.Expectations Pantech Group Holdings Bhd (PANTECH)’s 3Q14 net profit of RM12.1m brought 9M14 net profit to RM41.1m which is below expectations, at 62.2% of our (RM66.1m) and 62.8% of the consensus (RM65.4m) full-year estimates, respectively. The variance to our expectations is due to the lower-than-expected margins from the trading division on slower project execution, which affected the trading division’s revenue and less optimal product mix. Dividends A NDPS of 1.0 sen was declared, bringing the 9M14 NDPS to 3.4 sen. This only accounted for 64.2% of our full-year NDPS expectation of 5.3 sen. Key Results Highlights QoQ, 3Q14 net profit was lower by 21.2%, at RM12.1m, compared to RM15.3m in 2Q14, mainly due to a drop in the revenue in the manufacturing divisions which suffered from lower exports. Having said that, the division turned in better margins as the stainless steel division was not suffering from losses anymore. YoY, net profit declined 22.6% from RM15.6m in 3Q13 as trading revenue contracted significantly by 23.6% on the back of weaker demand from oil and gas sector with slower project execution (fabrication and downstream contracts seem to be delayed thus far). Outlook Management guides that the next two quarters could be quiet for the trading division given that the fabrication and downstream oil and gas projects in Malaysia are still sluggish. PANTECH envisages better fortune from 2Q15 onwards, which would coincide with our view that fabrication contracts will likely only materialize from 2QCY14 onwards. Management guides that it is still contesting the US anti-dumping suit in its stainless steel division. A resolution is expected by July-14. As mentioned previously, PANTECH’s alternative strategy is to shift production to higher-end stainless steel fittings production (which is not subject to such anti-dumping laws and have higher margins than stainless steel pipes); and is actively exploring other potential export markets such as South America and Europe. Management does not rule out any further M&As as growth catalysts. Change to Forecasts Given the upcoming weakness, we are cutting the trading division’s FY14 revenue growth to 2% (from 15% previously) and 10% in FY15 (from 15% previously). The better growth in FY15 is based on expectations that activities will pick up by 2HCY14. The cuts resulted in overall Group net profit being reduced by 12.8% and 17.4% for FY14 and FY15 to RM57.7m and RM61.9m, respectively (from RM66.1m and RM75.0m). Some of my comments: You can see a lot of negative issues. Profits way below expectation. Dividends also looking sluggish. Management had declared next 2 quarters could be quiet... (and if that happens, that's the end of the growth story for Pantech) |
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Jan 24 2014, 11:27 AM
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All Stars
15,942 posts Joined: Jun 2008
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QUOTE(lambethwalk @ Jan 24 2014, 11:25 AM) just came out of meeting. yang ini which one? 1023 leh... ( You better check on valuations with Ah Gark. hehe.. ) |
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Jan 24 2014, 11:27 AM
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Senior Member
4,230 posts Joined: Sep 2010 From: Malacca
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QUOTE(lambethwalk @ Jan 24 2014, 11:25 AM) just came out of meeting. yang ini which one? he refers to jib dai counter... |
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Jan 24 2014, 11:32 AM
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Senior Member
2,635 posts Joined: Jun 2011 From: bohtakchik
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oh okay... thanks guys
these days busy at work, very hard to keep track of stuff...pening my poor kepala. then see bursa so red, even more pening.. wah maybank oso drop... |
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Jan 24 2014, 11:34 AM
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Senior Member
4,230 posts Joined: Sep 2010 From: Malacca
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QUOTE(lambethwalk @ Jan 24 2014, 11:32 AM) oh okay... thanks guys monday shopping lo... these days busy at work, very hard to keep track of stuff...pening my poor kepala. then see bursa so red, even more pening.. wah maybank oso drop... |
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