muruku not in season jor ma....
hehe.. so now time to eat ciku...

gark still on holiday...
belum open work.

How?
Buying anything?

buying using TA dont need gark...

Since today got banyak red...Will tomor banyak red ?

Not every single stock showing exact same weakness ma...
Some stocks have consolidated already and are holding on ok.

bought abit of maybank last week.. and top up some ah-bee

the rest, holding on to dear life

then we need gark for what?

Boon, what u think of gadang.

Hehehe.... yeah... some stocks can still hold.
Some stocks... very lembik....

Gadang?
Struggling... it's still trying to find its feet...

I bet he's sneezing now!

This post has been edited by CP88: Feb 4 2014, 05:03 PM

he busy gambling...

worth continue holding if target price above 1.1? company has good cash flow, lots of project coming in..

Price targets are always subjective one.
It always changes in a blink of an eye.
So take all these target prices with a pinch of salt.

Gadang's most recent earnings so-so only.
And if compared to the same quarter last year, it was rather weak.
Operating costs as I would suspected had increased.
In such time, hard for a construction firm to keep costs low when material costs keep rising.
Petrol costs is higher...
And soon power costs will be higher.

Ok, it does have some projects coming in......
but if you use the same quarter last year comparison, you can see it ain't helping much.
for example sales revenue is up 141 million vs 124 million. (helped by more projects)
but the bottom line, profit is 8.2 million vs 12.2 million. (which probably explains the struggling share price)

Cash flow is so so only.
Did you notice the cash increased because there was an increase in borrowings?

These are the stuff I noted.
My 3 sens worth of comments, which might not be fully correct.

Whether is worth to hold or buy more, I cannot comment since I am not a pro adviser.

Wishing all of u Happy Chinese New Year and Gong Xi Fatt Chai

Hi Boon,
Just wondering what is your view on recent sell down of Homeriz?
Director just sold 1 million of shares via off market deal. Thanks

Hello hongchai,

Homeritz ah?



Err ... not easy to answer...

Directors selling announcement was on 27, 28 and 29 Jan. (the big off market deal was announced on 29)
Homeritz price on (reference price) 27 was 68 sen. (director sold at 665 )
It closed 645 sen today.
Down 3.5 sen.
For me, this is not exactly a selldown.

And you have to put into consideration the market weakness/softness....
since 27 was the weak before CNY and seasonally, the week before CNY is usually dead
And on the 27, KLCI fell from 1802 to 1778.

However..
I can understand the FRUSTRATION...
the numbers coming out from the earnings report on 24 Jan was great...
Everyone was expecting Homeriz to be a home run the next trading on 27...

But then...
Dow kor kor.... fell 300+ on Friday...

So instead of seeing the stock fly on 27..
the stock drifted lower instead...

And then....
come all these selling news...

I really have no clue on why directors sell shares most of the time.
On one hand, I can understand the uneasiness.
Maybe these bums know something we don't.
That's why they sell.

But sometimes...
To follow their selling...
is not a sure win strategy...
sometimes they (the insiders don't get it spot on)

for example...
take recent case of Inari...
the insiders and EVEN the big taukey...
was selling...
the warrants as if the stock kena cancer or some terminal disease...

But was this a sign of bad things?
http://www.bursamalaysia.com/market/listed...cements/1440333
that was one of the many disposal notices...
compare the prices of just that selling announcement (18 Oct) to Inari prices today....
looks like the insider did not get the selling correct.

Back to Homeritz...
since this is an off market transaction....
I am kind of positive...
Yes the directors dumped one million shares.....
but what about the buyer?
The buyer of that 1 million shares has to be very positive about the stock...
and despite the general market weakness...
was willing to pay 68 sen for the stock....
And judging from the earnings numbers, I can understand why the rational of the buyer making this investment.


This is where we are today....
Homeritz is down again today...
Closed at 645 sen...

Hi Boon,

Really thanks for your insights and thoughts.

Just noticed that the sell off by Managing Director & Executive Director was actually 2 million shares (1 mill each).

However since the deal was done via off market and price is slightly higher at 0.68 compared to market price, perhaps is not really a bad news afterall.
Just kinda curious why they sell it off when final dividend is just around the corner?

Nevertheless, I will still continue to monitor the price and not taking any action at this stage.
As I already made some substanstial position in this counter.
Just hope that the profit taking will be eased off soon.

Will prepare a basket at price range 0.61 - 0.63 (previous 52 weeks strong resistance)

This post has been edited by Hongchai: Feb 4 2014, 10:57 PM

Well, if it's 2 million shares in total.....
It's even more positive ..... I think.

Hope I am not wrong.

There's now a very positive buyer out there...
and when you take into consideration, the shareholder structure (look at the 30 top shareholders)...
this stock is under owned....
It's good to see an interested party who is willing to bet big on the stock.

Homeriz is flying

HUAT HUAT HUAT
KNM N ASIAPACIS COMING HURRY UP TOGETHER WE PUSH AS WE WISH