My first Buy-Sell was today, sold at 11% profit.

/

This post has been edited by lostxkitten: Jan 9 2021, 06:33 PM

Seems Topglov will stabilise at current rate, just day trader playing around 6.5-7.0.
Waiting for big players to shot it up 7.0+, maybe with the announcement of MCO will further helps it.

This post has been edited by lostxkitten: Jan 11 2021, 09:48 AM

BINTAI?

glove stocks seems safe, but doubt if it can go sky high (again).
maybe the vaccine will.

Thanks for the input, yeah it is unsustainable as they aren't the one producing it, but it will definitely rise.

Intraday traders are in PNEPCB.

RED ALERT!! 😭

Can someone explain what exactly is happening with PNEPCB?
Yesterday big shark bought all the shares? And currently are stocks by operator?

Lost 5% of my capital due to cut loss, lesson learnt.

This post has been edited by lostxkitten: Jan 15 2021, 01:06 PM

Big shark in penny stock, they got the power to pump and dump since it is cheap.

No, its PNEPCB.

Can read the comments here

https://klse.i3investor.com/m/stock/overview/6637.jsp

Few days ago upped to 30 cents max day limit to 0.85, now nose dive to 0.4x

This post has been edited by lostxkitten: Jan 15 2021, 03:37 PM

Join me in BINTAI

https://klse.i3investor.com/m/stock/overview/6998.jsp

This post has been edited by lostxkitten: Jan 25 2021, 04:42 PM

AMINVEST RESEARCH

We maintain BUY on Malayan Flour Mills (MFM) with a higher fair value of RM1.33/share (vs. RM0.69/share previously). Our fair value of RM1.33/share is based on a fully diluted FY22F PE of 18x instead of FY21F originally.

· We have assumed a higher PE of 18x vs. 15x previously as we believe that MFM would benefit from having Tyson Foods as a partner. MFM would be able to leverage on Tyson Foods’ global customer network.

· Globe Newswire announced that Tyson Foods and Malayan Flour Mills have formed a partnership, in which Tyson Foods will invest 49% in MFM’s poultry division. The investment sum for the 49% stake was not disclosed.

· We have not factored the disposal of the 49% stake in the poultry division in MFM’s FY22F net profit yet. We believe that any loss of earnings from the disposal of the 49% stake would be compensated by higher interest income (from the disposal proceeds) or lower interest expense (from the repayment of borrowings).

· As at end-FY19, the poultry division’s gross asset value was RM1.0bil. We do not know the division’s liabilities. Assuming a price to gross asset value of 1.0x, the sale of the 49% stake in the poultry division would generate cash of about RM490mil. MFM would be able to use the cash to pare down borrowings, which stood at RM1.2bil as at end-FY19.

· More importantly, Tyson Foods would be able to help boost the earnings of MFM’s poultry plant in Lumut by being an off-taker. MFM would be able to sell some of its poultry products at the Lumut plant to Tyson Foods, which has a global network of customers.

· Currently, we forecast that MFM’s poultry division would break-even in FY21F after a loss of RM44.5mil in FY20E. We expect the poultry division to record an EBIT of RM23.6mil in FY22F. The poultry division recorded a loss before interest and tax of RM54.9mil in 9MFY20.

· MFM’s poultry plant in Lumut started operations in late-FY19. We believe that the poultry plant is currently operating at an utilisation rate of 40% to 50%. Due to Covid-19, which has resulted in limited dine-in at restaurants, the plant suffered from a drop in poultry demand on FY20. The plant has a total production capacity of 280,000 birds per day.

· We think that HORECA accounts for 60% of MFM’s poultry sales currently. We believe that MFM’s exposure to the live birds market has declined to 40% from 50% due to the commissioning of the poultry plant in Lumut in late-FY19.

AMINVEST RESEARCH

At 0.985 or mkt cap of 998m, Mflour shares are grossly under valued... based on Tyson's acquisition of 49% of Dindings for 420m, just a single subsidiary of Mflour is already valued at 857m.

This post has been edited by lostxkitten: Feb 16 2021, 08:08 PM

Wow DNEX.... crazy..