maybank so murah liao

Is material cost affected by weak MYR?
Gamuda and CMSB are in my mind

As far as CMSB is concerned, if bijan is ousted, thing may turn ugly. The next PM may 'punish' Sarawak for supporting bijan.

Most if not all materials that I see my company uses (on infrastructure and residential development) are domestically produced

Gamuda I dunno

CMSB? They basically play the whole Sarawak...monopoly

All my profit this year gone. tempted to catch some knife (falling or fallen?)

Errr... I read Hevea's notes before... so I am not sure about your point.....

For me, I would look at the financial cost stated in the income statement in the company quarterlies...
I would look at the size and the trend...

for example, you look at airasia...
last showed it paid 151 million in financial cost...
last year same period it paid 118 million....

what does it say?

Heveaboard...
last quartely showed financial cost is 629k (thousand hor... not millions)
last year same period it paid 1.370 million.

what does it say?

and then I would also note at the size of the total debt...
is it increasing or decreasing?


anyway you should have noted from Hevea quarterlies....

The profit before taxation ("PBT") of the Group for the reporting quarter was RM14.60 million, an
increase of RM6.81 million or 87.46 % as compared with the corresponding quarter in 2014. The much
higher PBT was contributed mainly by the improved performance in the particleboard sector, despite
being impacted by unrealised exchange loss of RM2.97 million from the translation of the USD
denominated term loan

edit: copied the wrong one....

Particleboard Manufacturing Sector

The revenue reported for this period increased by RM10.39 million or 27.9 % as compared to the
same period last year. The higher revenue achieved was due to the achievement of higher volume
and higher average selling price from sales of higher grade, value added products and
strengthening of USD during this reporting period.

The profit before tax reported for this period was RM 7.62 million as compared to RM 2.05 million in
2014, an increase of RM5.57 million or 271.26% despite being impacted by unrealised exchange loss of
RM2.97 million from the translation of the USD denominated term loan.


A lot of good performing companies stocks...
declined significantly recently....
you just have to ask if it is the stock or if it is the market?


ps: regarding Alex comments...
if you are not aware....
many like to refer to his comments and even charts...
but it's so ironic...
cos if doesn't come true...
he get whacked..... a lot... even in this forum
so know know la.....

This post has been edited by Boon3: Aug 13 2015, 10:02 AM

who was that guy that hantam Condom kuat-kuat yesterday?

Congratz

This post has been edited by Pink Spider: Aug 13 2015, 10:31 AM

agree i should have read the quarter result notes earlier. sold all as now i don't see a clear sign that it can sustain the latest q performance midst weaking of rm.

pohuat is not a net benefiter of weaking rm as well. only homeriz and latitud wld benefit, but homer is already at pe12 so no go. lat I believe still got room, currently only pe9. fair pe shld be 10. planning to collect ah lat at lower lvls.

based on past experience alex de predictions always masuk longkang de. just take it with a pinch of salt. I'm still hoping the market can weaken to at least 1500. at current level still nothing much to shop.

This post has been edited by cooldownguy86: Aug 13 2015, 12:10 PM

wooo, dangerous woo, kalau koyak sapa nak tanggung?

You think it cannot sustain?
You sure you read the notes?

anyway interesting...
and thanks for sharing your different view


I do not like to buy just because the market is at a lower level. (surely there's got to be a better reason to TRADE a stock, yes? )
I believe this is such a fallacy to buy a stock just cos the stock price has fallen....


anyway, different people, different posion.



my point on Alex remains....
it's not whether a pinch of salt....
it's more of understanding his points of view (which may or may not be correct....

I say cos I have witnessed silly postings blaming him on his views....

blaming others when lose money cos one traded based on others opinion is plain silly.

heveas annual report says usd strengthing will decrease net profit. so I believe the recent performance jump is due to increased sales volume but not net margin. since this jump was not observed in past quarters im not confident it can repeat the performance in the coming quarters

Yes, it has an impact BUT if you read the last quarterlies on the SEGMENTAL reporting you should be able to see.

1. When did profits started improving for Hevea...

http://klse.i3investor.com/servlets/staticfile/223900.jsp

go to segmental...
keep track on partical boards and RTA profits...

2. See the next quarterly...

http://klse.i3investor.com/servlets/staticfile/229175.jsp

The profit before tax reported for this period was RM1.29 million as compared to loss before tax of
RM0.35 million, an increase of RM1.64 million or 472%. This was achieved despite an unrealized
exchange loss of RM4.68 million in this reporting period as compared to an unrealized exchange
gain of RM4.49 million in the corresponding period in 2012. The unrealized exchange gain or losses
arises from the translation of the USD denominated loan

compare to the one I posted earlier.... (ie http://klse.i3investor.com/servlets/staticfile/262473.jsp )

what did you notice?
the exchange loss decreased from 4.68 million to 2.97 million (last quarter)
correct me if I am not correct....
cos that info would have suggested that exchange losses DECREASED despite the STRENGTHENING USD.
correct?

and the next few quarterlies tells the same tale...
Profits increased more and more....
and mind you... this as we know.... is on the back of a strengthening USD.....
so I might be wrong again....
but it suggests to me...
that despite the exchange losses, Hevea is able to produce better profits on the back of a strengthening US...
this is my opinion laaa...


and if take the time and compare...
there is one huge significant difference...

which is..........................?

The RTA business slumped..... almost half the profit...
BUT....
the particle board business.....
has now jumped from losses to 7.6 million profit.
that's the marked difference...

now... particle boards... (yeah... I know.... not exactly the same... ie particle board , chipboard and fibre board is not same)
where the happy family?

what other 'board' stock is listed?
Evergreen and Mieco.
Look at the recent profits trend?
what is it suggesting?

my 3 sen opinion la...
and please I hope no dumb dumb will so irritating and turn my 3 sen opinions as stock tips.

good point. thanks abg boon for the pointer. will go study the reports and other board stocks you mentioned.

This post has been edited by cooldownguy86: Aug 13 2015, 01:40 PM

it's just a statement that the earnings trend is up for those companies....
and as usual nothing more nothing less....

I sell fish one bro...
I do not believe in giving fish away....

Quick look on pg5 of the latest Q notes, comparing 31/03/2015 vs 31/03/2014:

Interest expense: 484 vs 1,334
Net realized foreign exchange (gain)/loss: (2,873) vs (98)
Net unrealized foreign exchange (gain)/loss: 2,967 vs (212)

Interest expense reduced and the forex has a negligible effect on financial cost despite strengthening of USD. Does this contradicts the forex sensitivity analysis in their 2014 annual report?

Anyway seems like got chance!

This post has been edited by cooldownguy86: Aug 14 2015, 12:26 AM

Forex sensitivity analysis is based on assumptions of data input.
Sometimes, it can happen, the data can change due to unexpected conditions.....
When that happen, the analysis might not be as accurate as hoped for....
For example, if one studies Homer sensitivity report on the rising USD, One would find that Homer is actually performing better than what the analysis suggested....
It happens....
Having said that, I do find the sensitivity analysis reports kinda useful....
At least, we understand the potential risks...

Insas game over already? hmm....

where is ur banking stocks? last time i remembered you have couple of them

Made a small profit on Alliance, and cut loss on Maybank

run fast, good world (Cantonese: chow tak fai, hou sai gai)

now seems a lot of stock start have good bargain liao

any target?

but when i see USD:MYR approaching 4.1 now....

hmm 1997 currency crisis symptom?