2017年9月14日星期四

5072 Hiap Tek 协德 44 仙能投资吗?

Hiaptek 5072 : 
--这个月底将公布Q4 业积,估计会派发0.3sen股息,全年EPs=4sen,pe=14,股价=56sen, 
--公司于14-9-2017止朝聖局持有5.396%(71000,000股) ,
--公司于30-4-2017止现金为8916万,库存为2.9亿,借款为4.95亿,总资产为15.3亿,nta=73sen。
--2017年4月止首三个季度己赚3489万,eps=2.71 sen,相信2017全年的净利有望超过自2013年以
來的新高,因此股价会有所表现.
--2017年2,3,4月的第三季赚副达10.7%,平均赚副为4.1%
--截至明年7月31日止2017财年的增长催化剂将来自赚幅提高,以及建筑领域增长。

当钢铁价格下跌,赚幅遭压缩。现在价格已经稳定,赚幅将正常或提高。

第十一大马计划的发展和基础设施项目,将至少推高未来两年钢铁产品和建筑材料的需求。
--中国钢铁去产能后,钢价己大副度回升,以往廉价的进口货造成市场竞争激烈的情况将不再发生,公司接下来会取得良好净利.
--丹斯里刘天成掌控的协德 HIAPTEK,並持有2家中国钢铁厂房股权,
同时持有一家澳洲矿业公司股权。
(澳洲上市公司——金西资源有限公司15%股权。 )
--钢股周边业正是趋势也,有主题,基本面也不差,我看有机会。
上季赚副达10.7% ,恐佈,国内许多水管须更換了,利好。
5072 网友于股票行的说Q4 业积很好,股价己偷步上升。
--朝聖局是政府属下机构,从去年至今有留意的话都有一直出票的动作且不计成本,背后因素可想而知了,因此不能论被出票公司当时股价的价值,一间公司的股价能跑多远后面必有利好支撑的,净利始终是王道,技术面的走势只是作参考,会隨着各种好坏因素而改变的,浅见。投资快乐。
只是分享,投资请三思且自负。 

鋼鐵漲價‧協德第三季凈利增2倍

http://klse.i3investor.com/servlets/stk/5072.jsp

http://www.htgrp.com.my/
http://eshop.htgrp.com.my/
http://alpinepipe.com/
http://122.0.24.37/index.php/steel-plates/

http://122.0.24.37/index.php/steel-pipes-hollow-sections/

http://stockwatch4u.com/archives/537















--Hiaptek 5072 協德的穩建走势向好。


Steel roaring back in earnings


Cut in China’s steel capacity does not necessarily translate to lower production

Salient points:
> Local steel companies benefit from China policy to cut output.
> But China production could still rise.
> Local players protected by safeguard duties on imports.

THE local steel industry is back in vogue.
A number of steel producers have reported strong earnings from higher steel prices, although some are still in the doldrums. The steel industry has been in a slump the last five years, beleaguered from the oversupply of steel products especially from China.
But things are turning the other way now. Since last year China has sought to reduce its steel production capacity as a means to reduce the glut and reduce pollution there. The effects are being felt here now. Among the local steel players which have recorded big gains in their earnings are Ann Joo Resources Bhd
Southern Steel Bhd
 and Hiap Teck Venture Bhd
.
Southern Steel, for example, returned to the black in its financial year ended June 30. It reported a profit of RM93.3mil for FY2017 versus a loss of RM221.15mil for FY2016.
Hiap Teck, meanwhile, enjoyed a tripling of its profits to RM32mil for its third quarter ended April 30 from a year before.
The stock prices of these companies have also done very well. Since the beginning of the year, Ann Joo’s stock gained 77.4% to RM3.68, while Southern Steel and Hiap Teck surged 107% and 54.2% to RM2.46 and 43.5 sen.
At current prices, Ann Joo is trading at an earnings multiple of 10.7 times, while Southern Steel is at 11.1 times and Hiap Teck at 13.1 times.
However, is this positive trend sustainable? It should be noted that in the last five years, the industry was hit by a plunge in steel prices due to an oversupply that saw some steel players like Megasteel and Perwaja shutting down operations.
Hence despite the good run for the year, industry experts reckon that the road for local steel millers will be bumpy.
For one, the price of steel is dependent on China’s policies over its steel industry.
“The sustainability of (steel) prices are dependent on China’s policies and demand as well as global demand,” says Malaysian Iron and Steel Industry Federation president Datuk Soh Thian Lai.
He points out that although China last year pledged to cut 150 million tonnes of excess steel capacity by 2020, the republic would still have another 150 million of excess capacity.
“One key setback for the steel industry is the likelihood of China’s mills increasing production to gain profits. Also the capacities that China are cutting are mainly from private mills. These mills are likely to restart their operations,” he says.
According to the Organisation for Economic Co-operation and Development, the global steel capacity in 2016 was 2.38 billion tonnes, of which Chinese capacity stood at 1.17 billion tones, with rest of the world at 1.22 billion tonnes.
But although China is cutting its excess steel capacity, indication are that this does not necessarily lead to lower steel production there.
Last month, China based millers ramped up their production, posting a monthly record production. Their mills which include the world’s top suppliers, increased output to take advantage of the rally in steel prices. They did this before the capacity cuts by the government which were to begin this month, Bloomberg reported.
The report said that steel output in China climbed to 74.59 million tonnes last month, up from 68.57 million in August 2016.
China is expected to cut more capacity starting this month as part of the country’s winter anti-pollution curbs.
The Chinese government made a commitment last January to reducing its steel production capacity by between 100 million and 150 million tonnes.
Since last year, China has also been clamping down on illegal steel producers in efforts to curb pollution especially in the Beijing area.
Since China’s pledge in 2016, steel prices have stabilised globally and, had given the much needed breathing space for local steel players.
“In general the steel industry in Malaysia is recovering from the worst scenario having been flooded with cheap imports especially from China,” Soh says.
He expects steel prices to sustain its momentum on the back of steady demand, plant maintenance by major steel millers, as well as higher iron ore and coal prices.
The domestic price of long steel products to date has surged to about RM2,600 per tonne compared with RM2,200-RM2,400 per tonne in January this year.
Soh says demand for steel locally has been positive on the back of robust economic growth in the first half, which was boosted by construction projects.
Sustaining price increase
“Infrastructure developments in progress especially in the fourth quarter would sustain the increase in steel prices,” he says.
In addition, the government’s encouragement and promotion of the industrialised building system, a renewed push on the “buy Malaysian products first” policy, especially in the construction industry, and high-impact projects, will all help bolster the domestic steel industry.
Soh says that current local steel production capacities are sufficient to take up any surge of demand.
“The demand for steel is still not exceeding supply. Steel companies have enough capacities to overcome any upsurge of demand,” he says.
Globally, he says that the demand of steel from China and globally is growing at 7% and 1.5 %, respectively.
“If the demand is still steady in China, the international price could be sustained until year end, and recently many big steel mills are having their yearly maintenance, which could put pressure on the supply side,” Soh says.
Meanwhile, an analyst says that the recent rally in steel stocks are driven by lower steel output expected from China as the winter is coming.
“Capacity cuts especially for plants located in Beijing are expected to kick in as the winter heating season started in November,” the analyst says.
The ongoing cuts in China steel production as well the imposition of safeguard duties by Malaysia for imports from China has shown positive sign to local steel players.
In April, the Malaysian government had decided to extend safeguard duties on several steel products by between 11.9% and 13.4% for three years.
“The safeguard measures on the steel sector has also led to lower China steel imports resulting in a stabilised price mechanism, which would helped local steel millers to sustain their profitability,” points out the analyst.
The steel industry though is a tough one where only the strong survive. Consider this: between 2013 and 2015 when the domestic steel industry faced a global steel price slump as well as cheaper steel imports, local players incurred total losses of up to RM2bil. This is certainly food for thought for those betting on local steel millers riding on the current uptrend in the sector.
Markets , Steel

Read more at http://www.thestar.com.my/business/business-news/2017/09/16/steel-roaring-back-in-earnings/#8v67BFYBtlRjEH8s.99

2017年9月11日星期一

MMSV 0113 RM1.86 机会?

--Mmsv0113 技术调整己结束(rm2.05-1.74),大庄仍持近70%,所有的企业消息照常进行着,
股价未到合理价如何转板?今天買在回转良机。mmsv 个人只是以图为参考,
基本面强与企业目的作后盾,前路己很明显.

--公司兩位股东于8-9-2017 各買入30,000股,当天股价介于rm1。86-1.94 ,量是少了些也算对公司有信心,
与29-3-2017 的对照,两人持有是增加的.
另一位股东(TAN HOCK HIN)也在8-9-2017和11-9-2017買进总数90,000股,股价为RM1.87和RM1.81
与29-3-2017 的对照,持有是增加的.
goh kim hock :35684,608股
sim goay hoon:9763,802股
TAN HOCK HIN:2970,000股
--这支股从公司成長,股本回報率(roe),本益比(pe),现金流,股息等都符合冷眼大师的投资准则,
他本人持有3000,000股。 
--Mmsv第二季度后,下來有望收市在2元以上,宣佈转主板,破最高历史单季净利(899万),

破最高历史上半年派息(1.5仙),公司潜在派发红股和仍处成長势头。现股价rm1.86只是在pe=15.5倍交易,
明显低估值,同行业pe=25倍在交易,估计2017年EPs=12 至14仙,pe=25,合理价为rm 3.00 至3.50 ,
都是支持股价继续向北。 
--公司于30-6-2017的定存与現金有2056万,无借款,每股净现金达12.61仙 
库存价值达1283万.nta=32sen 
--Q1+Q2(2.5+5。59)=8.13sen,上半年己净利1310万,超过以往全年的净利了,公司己 
建议申请转入主要板,並派送1.5sen股息.平均赚副达29.6%,公司Roe 达33,25是隆市中少见,前景光明。 

--谢氏透露,今年订单中的60%来自本地的跨国企业,其余的则输出至中国和美国市场。”他说:
“我们所有的测试设备都是定制的,以满足客户的要求。 
至于外汇收益方面,他指出,由于令吉和美元汇价出现波动,因此不会因外汇差异而受惠。 
这是之前公司经理说的,细看订单的60%是來自本地的跨国企业,在国内算马币,马币上升反而受惠,

出口只佔40%,影响小。
--公司董事经理谢氏说,在峇六拜工厂的未来扩建一事,谢氏表示,
集团目前所占用的工厂面积达到85%至90%。他透露:“在未来12个月内,
可能需要再增加1万平方呎的新装配线。
--rm2.50 一定到,我的目標是3元,因股价rm3 .07其市值5亿,这是转主板的要求。一起等吧。
mmsv:
1st qr 50 machine
2nd qr 100 machine
3rd & 4th qr total 100 machine
2017全年可销售250台。
我简单算算:
2个季度EPs=8.1sen÷1.5=5.4sen,全年EPs=8.1+5.4=13.5sen,pe=25,stock price=rm 3.37
只是分享,投资请三思且自负。




2017年9月6日星期三

0113 MMSV MMS创投 有信心加倉吗?

Mmsv 公布漂亮Q2业积后,逢股价回调我一连四日加码,只因良好净利可望持续至2018年,
那么股价再走是肯定的,公司董事经理谢氏说,在峇六拜工厂的未来扩建一事,谢氏表示,
集团目前所占用的工厂面积达到85%至90%。他透露:“在未来12个月内,
可能需要再增加1万平方呎的新装配线。
買在另一波股价开跑前,投资愉快。
--Mmsv所生产的测试设备中约有60%为智能手机行业测试发光二极管(LED)和传感器功能。其余的40%用于汽车和一般照明行业。
投资上多看正面少看负面,心里思維建设很重要,由於资讯传播速度快,大规模的金融危机不会发生了,因金融公司有防范措持了,mmsv是成長股,led前景好可受惠,转主板,业积好,rm2.50 一定到,如担心守到再賣出吧,我的目標是3元,因股价rm3 .07其市值5亿,这是转主板的要求。一起等吧。
mmsv:
1st qr 50 machine
2nd qr 100 machine
3rd & 4th qr total 100 machine
2017全年可销售250台。
我简单算算:
2个季度EPs=8.1sen÷1.5=5.4sen,全年EPs=8.1+5.4=13.5sen,pe=25,stock price=rm 3.37
--谢氏透露,今年订单中的60%来自本地的跨国企业,其余的则输出至中国和美国市场。”他说:
“我们所有的测试设备都是定制的,以满足客户的要求。 
至于外汇收益方面,他指出,由于令吉和美元汇价出现波动,因此不会因外汇差异而受惠。 
这是之前公司经理说的,细看订单的60%是來自本地的跨国企业,在国内算马币,马币上升反而受惠,
出口只佔40%,影响小。
----冷眼持有3000,000股为第9大股东.
只是分享,投资请三思且自负。











相关资讯:
1)Cover Story: A rising tide that raises all boats
TheEdge Thu, Aug 31, 2017 - 5 days ago


AMID the emerging trends surrounding artificial intelligence and the Internet of Things, there has never been a better time to have exposure to technology and semiconductor stocks. Large-cap tech and semiconductor stocks in the US and Europe, as well as Taiwan, South Korea and Japan, have done fairly well in the past 12 months.

Year to date, a quartet of US tech heavyweights — Facebook Inc, Amazon.com Inc, Netflix Inc and Google-parent Alphabet Inc— collectively known as the FANG stocks, saw their share prices jump 45%, 28%, 34% and 17% respectively. The factors driving these stocks include digital advertising, digital video consumption, e-commerce and cloud services.

It is worth noting that most Nasdaq-listed semiconductor developers, manufacturers or brand owners are doing equally well, or even better.

For instance, major fabless semiconductor companies Broadcom Ltd, Advanced Micro Devices Inc (AMD) and Nvidia Corp saw their share prices climb 40%, 9%, 51% YTD respectively.

Since the beginning of the year, share prices of other prominent semiconductor players, namely Texas Instruments Inc (TI), Analog Devices Inc and Micron Technology Inc, have risen by 10%, 7%, and 35% respectively.

During the same period, shares of IT giant Apple Inc also rose 36%.

In Europe, the share prices of Dutch automotive chipmaker NXP Semiconductors NV and German semiconductor titan Infineon Technologies AG have increased by about 15% YTD.

In Asia-Pacific, Taiwan-listed United Microelectronics Corp (UMC) and Taiwan Semiconductor Manufacturing Company Ltd (TSMC), two of the top three pure-play semiconductor foundries in the world, saw their share prices advance 24% and 17% YTD respectively.

The share prices of Taiwanese fabless semiconductor firms Parade Technologies Ltd and MediaTek Inc have also gained 38% and 24% respectively.

South Korea-listed Samsung Electronics Co Ltd and SK Hynix Inc, the world’s two largest memory chipmakers, saw their share prices surge 30% and 50% YTD respectively.

Meanwhile, Japan-based multinational conglomerate Sony Corp and automotive computer chips producer Renesas Electronics Corp, both listed on the Tokyo Stock Exchange, saw their share prices rise 29% and 13% YTD respectively.

The factors behind the rally are similar to those driving the prices of semiconductor-related stocks on Bursa Malaysia as they are all on the same value chain.

Now, if these global industry powerhouses provide clues as to where Malaysian semiconductor counters are heading, investors here can probably sleep soundly at night, at least for now.

To recap, most technology and semiconductor stocks in the US have been rising since the final quarter of last year, but most Malaysian semiconductor stocks have only been trending significantly higher from April.

But bear in mind that on average, the share prices of local outsourced semiconductor assembly and test (OSAT) companies have jumped by over 70% YTD, while automated test equipment (ATE) manufacturers have surged more than 200%.

In other words, the high-flying Malaysian semiconductor stocks are making the US tech rally look modest, but at the same time, raising the question whether the former is running too far ahead.

Notably, shares of American entertainment company Netflix have retraced by about 12% since late July, while its FANG cohorts —Amazon.com, Alphabet and Facebook —have also pulled back by 9%, 8% and 3% respectively, down from their 52-week high.

Fortunately, unlike these mega-cap FANG stocks, the share prices of most foreign semiconductor stocks are holding up pretty well at the moment.

If their performance is a barometer of Malaysian semiconductor stocks, perhaps the local stock rally can be justified.

In a July 28 report, UOB KayHian analyst Yeoh Bit Kun points out that both semiconductor companies and equipment makers recorded sales growth in 2012-2016 at a four-year compound annual growth rate (CAGR) of 10% and 29% respectively.

She adds that the sector’s earnings prospects remains positive due to a near-term earnings boost by the smartphone splash, longer-term earnings sustainability on diversification of products and customer base, as well as companies moving up the value chain.

“While global semiconductor sales and global semiconductor equipment sales grew at CAGR of only 4% and 3% respectively in 2012 to 2016, we gauge that Globetronics Technology Bhd, Inari Amertron Bhd, ViTrox Corp Bhd, Elsoft Research Bhd and MMS Ventures Bhd could achieve record-high sales in 2017-18,” she says.

2)

Global semicon sales jumped 24% y-o-y in July to US$33.6b, says SIA



--
KUALA LUMPUR (Sept 6): Global sales of semiconductors jumped 24% year-on-year in July 2017 to reach US$33.6 billion from US$27.1 billion a year earlier, according to the U.S.-based Semiconductor Industry Association (SIA).
In a statement on its website, SIA said the figure was 3.1% higher than the June 2017 total of US$32.6 billion.
It said all major regional markets posted both year-to-year and month-to-month increases in July, and the Americas market led the way with growth of 36.1% year-to-year and 5.4% month-to-month.
All monthly sales numbers are compiled by the World Semiconductor Trade Statistics (WSTS) organisation and represent a three-month moving average.
SIA president and CEO John Neuffer said worldwide semiconductor sales increased on a year-to-year basis for the twelfth consecutive month in July, reflecting impressive and sustained growth for the global semiconductor market.
“Sales in July increased throughout every major regional market and semiconductor product category, demonstrating the breadth of the global market’s recent upswing, and the industry is on track for another record sales total in 2017,” said Neuffer.
The SIA said year-to-year sales increased in the Americas (36.1%), China (24.1%), Asia Pacific/All Other (20.5%), Europe (18.9%), and Japan (16.7%).
Meanwhile, month-to-month sales increased in the Americas (5.4%), Asia Pacific/All Other (2.8%), China (2.7%), Japan (2.1%), and Europe (1.2%).
3)

本益比還算低 蘋果市值兆美元獨自登頂 就差2根「漲停板」了

http://finance.sina.com   2017年08月10日 00:25   鉅亨網
  【鉅亨網新聞中心】
  蘋果 (AAPL-US) 股價恢復續創新高的能力,周三以 160.08 美元作收,市值來到 8268.5 億美元,分析師預期在蘋果新產品帶動及本益低仍低下,股價有望進一步來到 202 美元,成為美股史上首家市值登上 1 兆美元的公司。
  蘋果自 8 月 1 日公佈財報公佈以來,股價累計為漲幅 6.7%,只要再漲 33.52 美元、漲幅 20.94%(相當於台股的 2 個漲停板),也就是股價來到 201.52 美元,就將成為史上首家市值登上 1 兆美元的公司。黑線為蘋果股價走勢;藍線為 Nasdaq;紫線為道瓊工業指數。市值排名
  目前市值兆美元的候選公司名單中,除了蘋果外,Google 母公司 Alphabet(GOOGL-US) 市值 6534 億美元,落後蘋果 1730 億美元,排名第 2;微軟 (MSFT-US) 以 5606 億美元排名第 3。本益比仍低
  儘管蘋果市值如此龐大,但和 5000 億美元俱樂部成員相較,蘋果本益比才 18.19 倍,明顯低於 Alphabet 的本益比 34.21 倍、微軟的 26.86 倍,亞馬遜 (AMZN-US) 的 251.23 倍,臉書 (FB-US) 的 39 倍。也低於巴菲特旗下波克夏 (BRK.A- US) 的本益比 19.95 倍,及道瓊指數的本益比 19 倍。還能再漲?
  就算蘋果近期漲多,屢創歷史新高價,但分析師仍看好蘋果還有上漲 20% 的潛力,能夠登上市值兆美元的寶座,尤其是考慮到 9 月中旬將發表新款 iPhone。?
  RBC Capital 發布報告指出,從歷史經驗來看,蘋果在新一輪產品發布前的 90 天內,股價漲幅的中值達到 15.6%。
  再加上蘋果獲利能力及下季中國市場對銷量的預期貢獻,預期將成為股價上漲的動能。RBC Capital 除了看好蘋果市值突破 1 兆美元,並預估下季 EPS 上看 12 美元。蘋果股價
  ?
4)

iPhone 8發布會日期確定后 蘋果股價再創新高

http://finance.sina.com   2017年08月31日 19:27   北京新浪網
  新浪科技訊 北京時間9月1日上午消息,在宣佈將於9月12日發布iPhone 8后,蘋果股票周四收盤價創下36年新高。
  該股當天報收於164美元,全天收漲0.7%,盤中一度漲至165.52美元,創下有史以來最高盤中紀錄。
  外界普遍預計iPhone 8將於9月發布,這也是蘋果發布iPhone等産品的傳統月份。雖然幾周前就有傳言稱,蘋果將在9月12日舉行發布會,但官方聲明還是提升了投資者的看多情緒。此次發布會還有可能對Apple TV、Apple Watch和HomePod等産品進行更新,但多數投資者還是最看重iPhone 8。
  由於投資者普遍預計新一代iPhone將大幅升級,而該産品為蘋果貢獻近三分之二的營業利潤,所以蘋果股價2017年以來已經上漲42%,同期的納斯達克綜合指數上漲19%。值得一提的是,今年剛好是iPhone面世10周年。
  蘋果2016年營收下滑7.7%,部分原因在於該公司去年秋天沒有大幅升級iPhone。但目前泄露的信息表明,iPhone 8將使用5.8英寸OLED全面屏,搭載面部識別和無線充電技術,而且支持增強現實應用。(書聿)

2017年8月28日星期一

浅谈0113 MMSV MMS创投的第二季业绩(2017年Q2):

--本集团本季营业数为2937万令吉,
高于首季的97%,
前一季度为1490万令吉,Q2净利899万,EPS=5.59SEN,对比去年净利增加57.5%,
主要是由于机器需求激增现有和新客户,
在季度 记录的毛利率与出售机器的性质是一致的
由于其他公允价值调整,本季度其他营业收入下降
投资。 其他营业费用增加归因于外汇损失增加
从第二季度开始以来,马币兑美元反弹。
管理费用增加主要是由于部分员工相关费用增加所致
期内营业额增加.
--截至2017年6月30日止期间,兩季度集团营业数为4428万令吉增加
85%(2037万令吉),而上一财政年度为2391万令吉。
--公司于30-6-2017的定存与現金有2056万,无借款,每股净现金达12.61仙
库存价值达1283万.nta=32sen
--Q1+Q2(2.5+5。59)=8.13sen,上半年己净利1310万,超过以往全年的净利了,公司己
建议申请转入主要板,並派送1.5sen股息.平均赚副达29.6%,公司Roe 达33,25是隆市中少见,前景光明。
估计Q3+Q4 只要赚6sen ,2017全年 EPs=14.13 sen,pe=25,stock price=rm3.53
--Mmsv :生产,硏发,测试Led(发光二极管)与半导体自动化器材,公司出口市塲包括大马(佔77.5%)
美国(21.6%),亞洲(0.3%),澳洲(0.2%).
-- Mmsv第二季度后,下來有望收市在2元以上,宣佈转主板,破最高历史单季净利(899万),
破最高历史上半年派息(1.5仙),公司潜在派发红股和仍处成長势头。现股价rm1.93只是在pe=13. 7倍交易,
明显低估值,同行业pe=25倍在交易,估计2017年EPs=14仙,pe=25,合理价为rm 3.50 ,都是支持股价继续向北。
--
J Trader Wao so happy, base on the announcement we already know mmsv
1st qr 50 machine
2nd qr 100 machine
3rd & 4th qr total 100 machine

Price range USD 50~ USD 150~80%
Price range USD 150~USD 250~20%

Math calculation
So result double first qr is meeting the expectation.
友分析,我简单算算:
2个季度EPs=8.1sen÷1.5=5.4sen,全年EPs=8.1+5.4=13.5sen,pe=25,stock price=rm 3.37
--本年度前景:
基于日益增长的智能设备,汽车和通用产品的预期订单
照明领域,今年余下时间的表现将会很好。
个人观点与功课,買賣自负.




a)谢谢十里的功课:

MMSV – 营业额,盈利破历史新高!正式提出主板申请

Author:   |    Publish date: 


上一篇文章提到,MMSV预计会交出至少6 million 的Q2赢利,业绩有望破历史新高,而且主板在望。17Q2 MMSV交出漂亮的成绩单,Revenue 增至29 million, 净利为8.99 million,是有史以来最好的季度业绩, 全年EPS 为10.62。 公司也提出主板申请!

17Q2业绩分析
Price @ 29/8/17
    1.97
PE
18.55
Mkt Cap
318M
 FY
2014
2015
2016
17Q1
17Q2
17Q1&Q2
Revenue (‘000)
39,691
31,291
35,584
14,905
29,378
44,283
Net Profit (‘000)
10,456
8,082
9,520
4,104
8,999
13,103
EPS
6.41
4.96
5.84
2.55
5.59
8.14
DPS
1
2
2
N/A
1.5
1.5
ROE
26.34%
25.83%
23.61%
9.43%
17.46%
13.45%
Net Profit Margin
26.34%
25.83%
26.75%
27.53%
30.63%
29.59%
  • YOY – Revenue 增长了46%, net  profit 则增加了58%
  • QOQ – Revenue 暴增了97%至29 million, net profit 来到8.9 million 相等于119%的增长!
  • Revenue 和 Net Profit为历史新高。单单FY17Q1和Q2这两个季度总合的Revenue (44 million)和Net Profit(13 million) 就已经超过之前三年的全年营收及营利。
  • 可以说FY17将会是MMSV业绩最好的财政年。
  • 营业额上升归功于smart devices和general lighting机器销售激增。此外,新顾客的增加也让收入提升。
  • Gross Profit Margin - 63%
  • Net Profit Margin - 30%
  • Other Operating expenses – QOQ增加是因为马币兑美金在第二季初转强
  • Administrative expenses – 相信是因为太多工作,导致OT增加,相对的开销也有所提高
  • Dividend 1.5 sen – Special dividend 0.5 sen, First Interim Dividend 1 sen,虽然很少但也好过没有。

  • Inventories 比上一季多了差不多2 million。
  • MMSV 依然为net cash company,手握20 million 现金,完全没有borrowings。

申请转为主板
  • 上篇文章提到MMSV已经符合转主办条件。
  • 28号的announcement, MMSV 正式申请转为主板,如无意外预料2018第一季就能完成。


前景

  • 公司相信接下来还是会有来自smart devices,automotive 和general lighting segment的订单,这些领域还是在 “Growing”
  • 接下来的业绩也会有好的表现!“Performance for the rest of the year will be good”
  • Q1属于弱季而Q2属于旺季。如果接下来的Q3和Q4都可以保持在4million (相等于Q1的盈利),那么全年EPS会去到13 sen。若以PE 20来估算,股价将会是RM 2.60。

By: 十里
29/8/17

Note
以上纯属个人分享及意见,并没有买卖建议。

b)

谢谢 分享价值投资心得的功课:

冷眼你最近还过得好吗?(附加浅谈MMSV简析) ~WSWT~

Author:   |    Publish date: 


自去年11月冷眼大方分享30家基本面良好的公司后,就暂时潜水修养身心了。一咱眼就过去了近10个月,笔者还挺想念冷眼的。这时笔者又来探讨这30家公司的股价表现。今天只列出至今为止表现最好的5家和最差的5家公司。巧合的是,30家公司中只有5家公司翻倍成长,5家公司股价负成长。


表现最好(5大)


1. PENTA 236%
2. MMSV 233%
3. SUPERLN 149%
4. SENDAI 130%
5. IQGROUP 114%

表现最差(5大)

1. PRLEXUS -20%
2. JTIASA -20%
3. ASIAFLE -8%
4. OPENSYS -6%
5. PERSTIM -1%

这里笔者不得不佩服冷眼的选股的能力,30家公司有25家取得正成长,胜率高达83%。单单是最佳5家公司就贡献862%的涨幅,摊平平均分给30家公司都有28%++的涨幅。


今天笔者要浅谈第二佳的公司 – MMSV。昨天MMSV公布了惊人的季报表现和转战主板的消息。为什么不谈第一名PENTA呢?因为笔者之前在部落就多次提及PENTA的表现与近况,其季报表现也让人惊艳,下回有空再谈PENTA的前景。


MMSV 业务  
负责LED和半导体工业自动化系统和机械的设计和制造。想知道更多可以google看看, 由于涉及半导体工业自动化系统和机械的行业,MMSV称得上是PENTA同行对手。


优点/利好

1. 转战主板
8月28日,MMSV宣布要转战主板,转战主板有什么好处?可以吸引更多投资者包括基金等。估计2018年第一季度可完成应有的程序。

2. P/E

转战主板后,MMSV理应获得更高的P/E估值。目前MMSV的P/E为18.74,笔者认为目前这个行业,20 至25是可以接受的水平。

3. 强劲的现金流

净现金达RM20.5million,零负债。对比目前市值RM321million,比率为6.4%。

4. 处于牛市的行业

LED和半导体工业自动化系统和机械这两个行业目前都处于牛市,需求高涨,相信这番牛市还可以持续一些时期。

5. MMSV vs PENTA简短的对比

以上简单的数据对比,MMSV皆完胜PENTA,MMSV的赚幅相当的高。Gross margin达到35%,在MMSV的盈利表当中只有Admin cost分类,却只占营业额的8.6%,比起PENTA和其他公司低得多了。再加上MMSV的子公司都享有10年的100% tax exemption,0%的税务,让MMSV的net profit margin高达30.6%,谁与争锋!Return on equity也高达32.4%。

所以笔者相当看好MMSV可以在今年接下来的股价表现超越PENTA成为冷眼30家推荐股中的第一名。(今年12月再回来看看自己的预言,哈哈)


缺点

1. 漂浮的营业额表现
虽然公司表明业绩不会受季节变化影响,可是翻看过去几年的季度表现都相当漂浮不定。2016年第一季度甚至只有RM3.8million的营业额而出现季度亏损的局面。

2. 股价已涨超过200%

其实这也谈不上什么缺点,只是说涨幅这么高一定会有人套利锁定赚幅。

如果你真的找到绝佳好股,就不要轻易地注重短期的赚幅而忘了公司长期成长的潜能。比如说假设某人在几年前发现MYEG,他就一定赚大钱吗?不!因为不是每个人都可以坚持至今而拥有几百倍的赚幅,很多人可能赚一点点就急着套利了。所以,选股能力只是其次的重要,要在股市大丰收更为重要的是买卖股的时机和心态。


和PENTA一样,MMSV成长的潜能还很大,股价还有不少的上升空间,当然不同人还是有不同看法,一定也有急于套利的人,所以如果要买入PENTA和MMSV可要做好准备可能会短期住套房哦!


那几时该套利呢?我们不可能像股神巴菲特一直持有不放,当你找到想以前的Public Bank,过去的MYEG,和近期的科技股时,不要因为股价飙涨很多就一直想着要套利了,你应该选择在以下其一的情况下才卖出手上的好股。

1. 你等钱用时
2. 公司成长速度大幅度缓慢下来时
3. 持股金额占整体portfolio太大时,可选择局部套利

各位读者们,笔者纯属吹水分享自己的看法,买卖自负啦^^


WeShare WeTrade

想看更多分享,可like我们的FB专页和追随部落格。谢谢支持 :)

c)MMS Ventures seeks transfer 

to Main Market, pays 1.5 sen dividends




KUALA LUMPUR (Aug 28): Penang-based MMS Ventures Bhd (MMSV), which saw its second-quarter net profit jump 57.5% year-on-year (y-o-y), has proposed a transfer of its listing to the Main Market of Bursa Malaysia after being listed on the ACE Market since Jan 6, 2006.
In a filing with Bursa today, MMSV believes that the proposed transfer will enhance the group's credibility, prestige and reputation, and accord it with greater recognition and acceptance among investors, in particular institutional investors, while reflecting MMSV Group's current scale of operations.
"This will in turn enhance the attractiveness and marketability of MMSV shares," it added.
It noted that it has achieved an audited net profit of about RM9.35 million for the most recent financial year ended Dec 31, 2016 (FY16) and an aggregate consolidated adjusted net profit of about RM27.71 million for the past three financial years from FY14 to FY16.
Barring any unforeseen circumstances and subject to all relevant approvals being obtained, MMSV expects the proposed transfer to be completed by the first quarter of 2018.
Meanwhile, MMSV's net profit rose to RM9 million in the three months ended June 30, 2017 (2QFY17) from RM5.71 million a year ago, on higher other operating income which is attributed to the fair value adjustment of other investments, as well as the increase in interest income earned.
Earnings per share rose to 5.59 sen in 2QFY17 from 3.54 sen in 2QFY16.
Quarterly revenue also increased 46.4% to RM29.38 million from RM20.07 million, on a surge in sales of machines to manufacturers of both smart devices and general lighting segments as they increased their orders for MMSV's inspection machines in meeting their production needs.
"The addition of new customers also contributed to the increase in revenue," it added.
The group also declared a first interim dividend of one sen per share and a special dividend of 0.5 sen per share for the financial year ending Dec 31, 2017 (FY17), payable on Oct 18.
For the cumulative six months (1HFY17), MMSV's net profit increased nearly 2.4 times to RM13.1 million from RM5.49 million a year ago, while revenue rose 65.2% to RM44.28 million from RM23.91 million in 1HFY16.
On prospects, MMSV said that based on the anticipated orders coming in from the growing smart devices, automotive and general lighting segments, the performance for the rest of the year would be good.
MMSV shares slipped 4 sen or 2.03% to close at RM1.93 today, with 2.53 million shares done, giving it a market capitalisation of RM314.59 million.
d)转贴

Ooi Kok Hwa - Market Outlook Q3 & Q4 of 2017

Author:   |    Publish date: 

(Source: Mr. Ooi Kok Haw presentation slide on 8-Jul-2017 @ INVESTSMART DAY 2017)
https://www.investsmartsc.my/sites/default/files/Speaker_Presentations/6.%20Ooi%20Kok%20Hwa%20-%20Market%20Outlook%202H17.pdf








e)

The Stock Market will go up because......

Author:   |    Publish date: 

Ooi Kak Hwa: The share market will be extremely bullish!

Impact of American Involvement in Wars on KLCI (Since 1997) 

Will China intervene in North Korea?

North Korea Postpones Nuclear Showdown With US

美朝危机! - Leo Ting
f)来源:光华日报 2017年8月28日

受惠电子产品需求强劲 MMS企业财源广进 
经济新闻
28/08/201718:56
(乔治市28日讯)半导体测试设备制造商MMS企业有限公司(MMSV,0113,创业板)正处于全球对智能手机和电子零件产品需求强劲的环境中。
今年上半年,其试验机的销售量达到150部,而2016年全年销量则为196部。
该集团董事经理谢德杰(译音)说:“集团将在年底之前将会交付多100部新机。”他称:“我们对今年的表现非常乐观。”

在今年首季,它的营业额为1490万令吉,而净利润则为410万令吉。
谢氏指出:“第2季度业绩应该较第一季度有所改善。”去年,MMS企业的营业额达4000万令吉,而净利润则录得960万令吉。
该集团所生产的测试设备中约有60%为智能手机行业测试发光二极管(LED)和传感器功能。
他表示:“其余的40%用于汽车和一般照明行业。”
谢氏透露,今年订单中的60%来自本地的跨国企业,其余的则输出至中国和美国市场。”他说:“我们所有的测试设备都是定制的,以满足客户的要求。”
谢氏称:“集团约80%的订单,其测试设备价格介于5万至15万美元,而其余20%的订单,其价格在15万美元以上。”
至于外汇收益方面,他指出,由于令吉和美元汇价出现波动,因此不会因外汇差异而受惠。
此外,在峇六拜工厂的未来扩建一事,谢氏表示,集团目前所占用的工厂面积达到85%至90%。他透露:“在未来12个月内,可能需要再增加1万平方呎的新装配线。”

g)

iPhone 8或推動蘋果手機銷量創下2015年以來最大增幅

http://finance.sina.com   2017年08月30日 18:38   中國證券報-中證網
  據美國媒體最新報導,蘋果將於9月12日召開發布會,正式發布旗下四款新品,其中包括備受矚目的iPhone 8。市場人士預計,iPhone 8上市有望推動蘋果手機銷量大幅增長。
  市場研究機構IDC發布的最新報告預計,iPhone 8有望推動蘋果手機出貨量在2017年增長1.5%,2018年增長9.1%,創下2015年以來的最大增幅。
  摩根士丹利分析師凱蒂·休伯特的預期更加樂觀,她預計蘋果下一財年的iPhone銷量將增長23%。休伯特表示,當前iPhone在中國市場的銷售表現低迷只是表面現象,近三年來iPhone的外觀設計基本沒有改變,這壓抑了中國消費者的購買需求,相信iPhone8上市后將顯著刺激中國市場的銷量增長。
  除新品發布外,蘋果於8月29日宣佈與埃森哲合作,開發企業級iOS應用。埃森哲將成立專門的團隊,專注於幫助包括銀行和零售商在內的客戶開發iOS應用。蘋果的軟件工程師和用戶界面設計師等專家將提供幫助。近年來,蘋果對企業市場的關注度不斷提升,分析人士表示最新合作將有助於蘋果持續贏得企業客戶,並嘗試在企業級市場挑戰微軟。
  受多重利好提振,蘋果股價29日再創歷史新高,收於每股162.91美元,公司市值超過8400億美元,2017年迄今累計漲幅超過40%。(楊博)
h)

巴菲特:蘋果股票 我一股都不會拋

http://finance.sina.com   2017年08月31日 15:21   第一財經日報
  原標題:巴菲特為何惜售蘋果股票  
  錢童心
  [本周,微信宣佈將微信支付接入中國的蘋果商城和蘋果音樂,這是繼支付寶接入蘋果商城以來又一個重大舉措。通過支付寶,蘋果在iCloud和蘋果音樂的用戶量已經增長了12%。]
  8月30日是投資大亨巴菲特的生日。今年在他生日這天,巴菲特接受電視採訪時做了一個表態,他说:“蘋果股票,我一股都不會拋售。”
  2016年,巴菲特首次投資蘋果公司股票1000萬股,隨后不斷追加。截至今年6月底,巴菲特已持有超過1.3億股蘋果股票。以蘋果當前163美元的股價來算,巴菲特的這些投資價值已經超過210億美元。
  為何如此大規模投資蘋果股票?巴菲特回答道:“我就是喜歡。”
  蘋果是歷史上最接近萬億美元市值的公司。1萬億美元能夠躋身全球經濟排名前20的國家,差不多相當於墨西哥一年的GDP。
  投資者對於9月即將發布的iPhone8手機銷量樂觀,IDC報告預計,受“超級周期”推動,新機型將提振iPhone明年出貨量增長9.1%,創下2015年以來最快增長水平。除了iPhone8旗艦機型以外,蘋果還預計將於9月公佈iPhone7S和iPhone7SPlus兩款新機型。
  根據數據分析模型Kensho的統計,從過去11次iPhone新手機的發布歷史來看,新iPhone發布前兩周的股價到發布后6個月的股價平均上漲幅度高達27%。
  加拿大皇家銀行分析預測,如果未來半年,蘋果的市盈率維持目前的水平,將推動股價上漲18%,市值也將突破1萬億美元。目前蘋果12個月的市盈率約為18倍,這與微軟、谷歌、Facebook相比要低了將近一半。
  除了新機型的發布,蘋果相繼允許支付寶、微信支付接入自身體系。
  本周,微信宣佈將微信支付接入中國的蘋果商城和蘋果音樂,這是繼支付寶接入蘋果商城以來又一個重大舉措。通過支付寶,蘋果在iCloud和蘋果音樂的用戶量已經增長了12%。
  盡管接入支付寶或者微信支付,都無益於從本質上推動蘋果支付在中國的推廣,但這對於蘋果提升軟件服務營收價值可觀。
  在iPhone銷量增速放緩的背景下,蘋果正在積極推動服務業務的增長。憑藉不斷增長的收入,蘋果也進入全球財富百強企業,排名第97位。
  過去一年,蘋果服務業務總營收達278億美元,超過了整個Facebook276億美元的收入。相較於硬件收入每年低個位數的增長,服務業務的收入今年預計仍將以接近20%的速度增長。
  全面接入支付寶和微信支付,也是蘋果在軟件服務業方面實現本土化改造的重要佈局。目前微信和支付寶統治着中國超過90%的移動支付市場份額。盡管蘋果此前也努力通過促銷等方式企圖獲取更多用戶,但至今為止,蘋果支付在中國移動支付市場份額占比僅1%。
  研究機構Canalys公佈的上一季度中國智能手機銷量排行榜,蘋果iPhone在中國的市場份額也已經跌至第五位,落后於華為、OPPO、vivo和小米。
  Canalys預測,今年7月至12月,蘋果iPhone中國的出貨量預計將達到2210萬台,而下半年全球iPhone的出貨量約為1.28億台。盡管iPhone8的高價將注定這不會是一款“跑量”的機型,但是無論如何,它所受到的關注,足以令其成為全球智能手機史上具有里程碑意義的一款手機。