2017年3月30日星期四

浅谈7246 Sign 胜利者国际 Q2 业绩(2016-12-31)--

1)于31-12-2016 公司累计盈利达rm1.31亿.
2) 于31-12-2016 公司现金有6946万,借款为1991万,净现金有4955万,
每股净现金达20 sen,nta达 rm0.69 
3)公司回购股票10%.(约24000,000股),于29-3-2017己回购11208,000股.
近期更加积极回,尚可回12792,000股,因此继续升。
4)新订单.
5)2019年前出售土地派发高息.
6)未入账销售逾2亿令吉.
7)作为大马最大的一站式厨櫃设计与销售者,并立足海外,
 看到它邦许多上市房地产公司设计,对它深具信心.
8)国内产业发展長期看好,单单一座公寓就有上百单位,
 公司今后可获更多订单,净利会提高,股价也会向上。
9)此公司黑马一匹,从2006-2016間11年都赚钱.
如下2006年--847万 .2007--1443万 .2008--1973万(此三年为税前净利)。
2009净赚--1989万(eps=24.9SEN) .2010--1502万(eps=12.5SEN) .2011--669万(eps=5.6SEN) .2012--533万(eps=4.4SEN) .2013--426万(3.7SEN),
2014--1783万(eps=15sen),2015--3610万(eps=30.2sen),2016--4774万(eps=26.4sen)
10)2017-02-03 18:02

抢占先机之随鸡应变.买股有危才有机?

分析员认为,2017年的投资策略可分为7大方向,分别为强势美元、大型基建项目与中国投资计划启动、中小资本股、旅游、国民投资机构转型计划、全国大选及高股息股。

高周息率股
根据联昌经济学家分析,基于全球经济不明朗及经济成长放缓,国家银行可能会今年上半年下砍25个基点利率至2.75%。
利率调低有助于产业及汽车发展,消费股亦能从中被带动。对高负债比的公司而言,低利率亦可以减低利息开销。
联昌补充,利率若下调25个基点,对银行2017财政年的净利影响约5%左右。
被联昌列为3大高周息率股项为胜利者国际(SIGN,7246,主板消费品组)、星报出版(STAR,6084,主板贸服组)及成功汽车(BAUTO,5248,主板贸服组),周息率分别告7.5%、8.1%及7%。
11)2016-08-04 16:39

《福布斯》亚洲中小企200强‧大马5公司入榜

《福布斯》新发布的入围名单显示,今年成功挤进榜中的益纳利美昌、康乐、美德再也、MYEG服务和胜利者国际。
(吉隆坡4日讯)2016年《福布斯》亚洲10亿美元以下中小企业200强名单出炉,大马今年只有5家公司入选,远远不及去年的11家。

《福布斯》新发布的入围名单显示,今年成功挤进榜中的益纳利美昌(INARI,0166,主板科技组)、康乐(KAREX,5247,主板消费品组)、美德再也(MITRA,9571,主板建筑组)、MYEG服务(MYEG,0138,主板贸服组)和胜利者国际(SIGN,7246,主板消费品组)。
合理价rm1.20

只供参考。 进出自负。


Review of Performance (Cont’d) -
Current Quarter 3 months ended 31 December 2016

White Goods and Built-in Kitchen Appliances
This segment recorded an increase in revenue of RM1.2 million or 171%, from RM0.7 million in the preceding year corresponding quarter to RM1.9 million in the current quarter. Despite revenue increased by 171%, profit before tax for the current quarter improved by RM 0.4 million or 36.4% from RM1.1 million in the preceding year corresponding quarter to RM1.5 million in the current quarter. The marginal increase in profit before tax as a result of increased in numbers of lower margin projects compared to preceding year corresponding quarter.

 Glass and Aluminium Product
This segment recorded an increase in revenue of RM2.7 million or 44.3% from RM6.1 million in the preceding year corresponding quarter to RM8.8 million in the current quarter. The increase in revenue was mainly due to higher numbers of project revenue recognized for the current quarter. Profit before tax for the current quarter improved by RM0.1 million or 10%, from RM1.0 million in the preceding year corresponding quarter to RM1.1 million in the current quarter. The number of projects in progress for the current quarter which of lower margin contribute to the marginal improvement in profit before tax.

Interior Fit-out Segment
This segment reported revenue of RM0.4 million in current quarter as compared to none in preceding corresponding period. This segment recorded a loss before tax of RM0.01 million for the current quarter as compared to loss before tax of RM0.2 million in the preceding corresponding quarter due to lower operating expense.

 Others Segment
The Other Segment inclusive of Investment Holding Company, Properties Investment Company, In-House Installers Academy and Dormant Companies. The main source of revenue for the reporting quarter represents Management fee charged by Holding Company.


多谢下列大大的功课,感恩。

SIGNATURE INTERNATIONAL - Job Replenishment Faster than Execution

Author: sectoranalyst   |   Publish date: Thu, 30 Mar 2017, 04:41 PM 



Management exclaimed in delight that “we have a situation now where job replenishment is faster than execution…”. This has reaffirmed our view that the delay in job award has reached a critical stage where any further delay may defer project handover and subject to liquidated damages. In view of this, Signature has been aggressively buying back its shares as the market has not entirely priced in the increasing job flows. Maintain Buy on Signature with an unchanged target price of RM1.10/share.

Winds of change

Unfavourable project timing in 1HFY17. One of the key culprits to disappointing 1HFY17 profit growth (-42.2% YoY) was the drop in revenue as project executions remained at snail-pace. For instance, one of the key projects in KLCC, which the company secured in July-16 with a contract sum of RM38mn, that involves kitchen installation works are still pending on completion of the building superstructure 5 months after the award. However, management is positive that the situation would change from 4QFY17 onwards with strong contract wins in recent months.
Further delaying may cause LAD. From January to February 2017, Signature secured 8 new contracts worth RM34mn. This has boosted its order book to RM220mn as at Feb-17 (vs RM200mn in Dec-16). Moreover, the company is close to secure 8 other new contracts worth RM40mn, pending formal awards in these few months. According to management, the delay in contract awards in 2016 when property developers slowing down the work progress to smooth out their future incomes would likely push more jobs to 2017-2018. The contract delay, in our opinion, has reached a critical stage where any further delay may defer project handover and subject to liquidated damages (LAD).
Housing supply mix tilted toward property >500,000/unit. Beyond 2018, we remain upbeat and continue expecting the favourable mix of housing supply in Malaysia to bode well for Signature. Note that the increased supply of residential properties priced above RM500,000/unit continued to outweigh affordable housing in Klang Valley, Penang and Johor in Malaysia (see Figure 1). This upmarket and luxury home segment is the typical target market for Signature, a premier kitchen player in Malaysia.
No significant progress in Battersea tender. As far as Battersea is concerned, there is no significant progress in terms of kitchen and wardrobe tenders for Phase 2 and Phase 3A. However, we remain confident that Signature would procure the kitchen and wardrobe contracts. Note that Battersea Phase 2 and Phase 3A are targeted for completion in period 4Q2019-3Q2020 and 4Q2020- 2Q21, respectively. It is still early to call for kitchen and wardrobe tenders, which would usually take place when the project is more than 50% completed.
Bandar Enstek land will be a long term investment
RPGT hinders potential land sale gains. For Bandar Enstek land, Signature took possession of the landbank, measuring 38.86 acres, in Nov-16. Recently, there was an offer to acquire a portion of the landbank from Signature for RM50psf. Based on the land cost of RM30psf, the company can easily rake in RM8.7mn gain from selling the portion of the land. However, the RPGT implication has impeded the sales transaction as the gain would be taxed at 30%.
Prefer outright land sales. As there is no immediate plan to expand its current capacity, management did not rule out the possibility of joint developing the land with another property developer. However, this will be the least preferred option that may overly expose the company to property slowdown in Malaysia. In our opinion, investors should consider the land merely an asset for sale over the long term (6-years from Nov-16), which may give rise to a one-off special dividend in the future.

Share price support

YTD, Signature share price advanced by 20%, thanks to Signature’s share buyback program, which neutralized the selling pressure from Value Partner. We believe the share buyback support is premised on the basis that the market has not fully factored in increasing job flow in the market this year. Looking at the group’s balance sheet, the company had sufficient cash and short-term investment of RM69.6mn (net cash RM47.2mn) as at Dec-16, which can be used for share buyback program. Note that YTD, Signature has bought back 5.1mn shares (2.1% of outstanding shares) at an average price of RM0.89, boosting the group’s cumulative treasury share to 11.2mn shares (4.7% of outstanding shares).

Forecast

We maintain our profit forecast.

Valuation

We reiterate our Buy recommendation on the stock with an unchanged target price of RM1.10 based on 10x CY17 EPS. At current price levels, we see little downside risk as the selling pressure from Value Partner has diminished after the fund management company disposed all its shares in Signature.

Stock Recommendation Guideline

BUY : Total return within the next 12 months exceeds required rate of return by 5%-point.
HOLD : Total return within the next 12 months exceeds required rate of return by between 0-5%-point.
SELL : Total return is lower than the required rate of return.
Not Rated: The company is not under coverage. The report is for information only.
Total Return is defined as expected share price appreciation plus gross dividend over the next 12 months.
Required Rate of Return of 7% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk premium.
Source: TA Research - 30 Mar 2017

发展商将释更多合约.胜利者国际料受惠

Author: Tan KW   |   Publish date: Thu, 30 Mar 2017, 05:58 PM 

2017-03-30 17:18
胜利者国际合约填补加快,达证券认为该公司将从产业发展商释出更多新合约中受惠。
(吉隆坡30日讯)胜利者国际(SIGN,7246,主板消费品组)合约填补加快,达证券认为该公司将从产业发展商释出更多新合约中受惠。
胜利者国际2017财政年上半年财报逊色,归咎于工程执行“龟速”,其中2016年7月攫取的城中城总值3800万令吉合约,现仍等候建筑的超级架构完成,但达证券说,公司管理层相信业务情况将在现财政年第四季出现好转,主要获近月强劲合约流量支撑。
总合约2.2亿
今年首2个月,胜利者国际共入袋8项总值3400万令吉合约,提高总合约量至2亿2000万令吉,同时公司也逼近取得8项总值4000万令吉合约。
该公司管理曾透露,去年发展商延缓合约颁布,可能推动2017和2018年将有更多合约释出,因合约释出延宕已到紧要关头,一旦出现进一步延缓情况可能影响交屋,甚至是出现违约损害。
看好明年房市供应
整体来看,达证券仍看好2018年房市供应比例,仍以胜利者国际目标市场的50万令吉以上住宅产业为多,有望对公司发展带来好处。
“至于巴特西发电厂第二和3A阶段工程竞标,目前厨房和厨柜工程竞标仍未有显著进展,但我们仍有信心胜利者国际将取得相关工程。”
另一方面,胜利者国际位于恩斯德城(Bandar Enstek)的38.86英亩土地接获收购献议,达证券说,公司转手即可赚取870万令吉盈利,但需缴付30%产业盈利税,而公司也不排除与其他产业发展商联营发展可能。
“不过,这将使得公司过度曝险于目前萎靡的房市中,因此这并不是最好的选项。但投资者可将相关土地视为长期投资项目,未来脱售可能带来一次性特别股息。”
综合上述原因,加上胜利者国际积极回购股票下,达证券维持其财测、“买进”评级及1令吉10仙目标价不变,主要是随着Value Partner卖压消散,现有股价下行风险有限。
没有评论:

2017年3月23日星期四

5005 UNISEM 友力森 估计2017 年EPs=26sen,pe=15 ,stock price=rm 3.90

--友尼森主席兼董事经理谢圣德表示,苹果公司只是该公司的其中一个客户,儘管苹果公司的销售放缓,  但友尼森仍有其他手机客户,如三星、华为、联想和小米等。公司业务的多元化,包括涉及汽车业务、  电子消费业务.
--友力森受惠于强势美元,人民币走强以及多元化终端应用市场策略奏效,汽车市场已成为半导体领域主要  成长来源,更多晶片用于控制汽车灯光、通讯、安全、资讯娱乐等功能。同时油电混合以及电力车也推高  了半导体晶片需求。
--友立森表示,MEMS会是该公司未来的科技核心以及未来成长策略。友立森位于成都厂房,完成了占地1200平方尺,等级100的清洁室以支持MSMS发展。
友立森也引进了薄膜辅助模型技术以支持该公司在MEMS上的腔封装的发展。
“薄膜辅助模型技术有利于友立森在汽车和工业上的MEMS式的压力感应器,同时这项技术可以应用在感应压力、湿度、温度、气体侦测等消费品上。”
全球MEMS装备市场预料在2021年将成长至200亿美元(约800亿令吉),去年全球MEMS市场为119亿令吉(471亿9000万令吉)。
--友力森资产负债表健全,截至31-12-2016的现金达2.53亿令吉。借贷为5161万,净现金有2.02亿,累计净利达6.03亿 ,nta=1.92
该公司稳健的资本开销政策,使它有能力派发股息.
~良好的基本面与品牌.
~合理价:rm 3.90

~红色柱体:获利盘(即主力资金)越过75%,青色柱体:套牢盘(即散户);黄色柱体:游资,从图中我们可以看到红色柱体即主力庄家占优势,所以我们可以大胆的持股.
当红色盤少于55%时即可离場.
~美国费城半导体指数(Sox)继续上升. 
http://www.cnyes.com/usastock/Stocks/SOX.html
https://www.unisemgroup.com/
只供参考,进出自负.




2017年03月24日

美光財测优预期 股价大涨带动晶片股


(纽约24日讯)由于供应吃紧、智慧手机晶片需求上升,带动记忆晶片价格上扬,全美最大记忆晶片製造商美光预期本季营收將达52亿美元至56亿美元之间,高于分析师预测的47.7亿美元。不含特定项目的获利,在本季即公司会计年度第3季將达每股1.43美元至1.57美元,优于分析师预测的每股0.95美元。毛利率则介于44%至48%之间。美光股价盘后大涨9.8%。
记忆晶片市场目前受惠于主要製造商的供给缩减;儘管个人电脑与行动电话元件的需求並未大幅成长,但提升產能的支出有限,使供需继续维持平衡。来自新市场的需求,如汽车业,对记忆晶片的需求则正在上升,有助稳定。
美光表示,第2季动態隨机存取记忆体(DRAM)晶片的平均售价上升21%,前一季则成长5%。DRAM晶片占美光最新一季营收约64%。另外,隨著智慧手机储存量大幅提升,美光的NAND晶片需求也大幅成长。
美光財测公布后,威腾(Western Digital)盘后股价也一度上涨2.5%,至每股78.08美元。威腾去年收购晟碟(SanDisk),今年1月25公布的获利与营收均高于预期,財测也高于市场预估。


~相关领域的龙头净收己优秀,unisem下来也不差.


多谢下列大大的功课,感恩。


a)

Unisem - Higher Dividend

Author: sectoranalyst   |   Publish date: Fri, 24 Feb 2017, 05:34 PM 

INVESTMENT HIGHLIGHTS

  • FY16 earnings normalised earnings came in within our expectation
  • Demand from the automotive and industrial segments remain robust
  • Higher dividend declared in FY16, reflecting stronger cash position
  • Maintain BUY with revised target price of RM3.13 per share
EBITDA margin erosion. Unisem’s 4Q16 normalised earnings was down by -21.0%yoy to RM46.8m. The decline in earnings was mainly attributable to lower EBITDA margin. Nonetheless, 4Q16 revenue increased by +2.9%yoy to RM362.1m, supported by better demand from the automotive and industrial segments.
Within expectation. Inclusive of 4Q16 financial performance, Unisem’s FY16 normalised earnings came in lower (-9.6%yoy) at RM147.0m. This was mainly attributable to reduction in EBITDA margin and higher effective tax. All in, Unisem’s FY16 normalised earnings came in within our and consensus expectations, accounting for 97.8% and 99.5% of full year FY16 earnings respectively
Capital expenditure (capex) intensified in 4Q16. The group’s capital spending increased by +179.5%yoy to RM23.2m. This brings FY16 capex to RM129.5m. Nonetheless, this is slightly below (- 2.1%yoy) FY15 capex of RM132.3m.
Dividend. The group declared interim dividend of 4sen per share in 4Q16, in-line with 4Q15 quantum. Year-to-date, the group has announced dividend amounting to 11sen per share. This is higher than FY15 dividend of 10sen per share. We view that higher dividend declared in FY16 is reflective of the group’s stronger net cash reserve. Note that the group’s cash level increase significantly to RM253.8m as at 4Q16 from RM133.0m a year ago.
Impact on earnings. We fine-tuned our FY17 earnings estimate slightly higher by +1.9% as we are assuming higher contribution from the industrial segments.
Source: MIDF Research - 24 Feb 2017

b)

Unisem (M) - Market Conditions Improving

Author: sectoranalyst   |   Publish date: Fri, 24 Feb 2017, 04:50 PM

Review

  • Unisem reported a strong FY16 net profit of RM162.3mn (+32.9% QoQ, +8.0% YoY). Results exceeded ours and consensus expectations at 108.3% and 106.5%. A final interim dividend of 4.0sen (YTD: 11.0sen) was declared.
  • QoQ. Results exceeded our forecasts. USD revenue came in much stronger than anticipated, growing 5.0% QoQ (vs. flattish guidance). This was supported by a pick up in November and December 2016 for flip chip 2G PA modules. Margins were also supported by the weaker ringgit at RM4.32 (+6.7% QoQ) in 4Q2016.
  • YoY. Topline growth of 4.9% YoY was supported by a higher USD/MYR rate (+6.1% YoY). USD sales declined 1.4% YoY, with weakness stemming from the communications segment (-9.8% YoY). We understand that the inventory situation has recovered in the communication segment. EBITDA margins fell 0.7pp – due to shifts in product mix. There were higher contributions from wafer level packaging and bumping in the previous year.
  • Its net cash position improved to RM202.2mn. The group remains in a favourable position to support higher dividends. Our forecasted DPS of 12.0sen, translates into a favourable yield of 4.4%.

Impact

  • Imputing year end figures into our model, we tweak our FY17/FY18 figures by less than 1.0% to RM197.7mn/RM213.3mn.

Outlook

  • Management is forecasting USD sales growth of 3.0-5.0% YoY in 2017. While exact details are scarce, we understand there are plans in the pipeline to introduce new packages. Demand for wafer level chip scale packages and bumping activities are also increasing in China. QoQ, USD sales are expected to decline 5.0% QoQ amid seasonally weaker trends. We expect revenue will be stronger in the second half, driven by major smartphone launches.

Valuation

  • We raise our TP for Unisem to RM3.15/share (from RM2.85/share) – premised on a higher EV/EBITDA multiple of 5.0x and CY17 EBITDA. We raise our EV/EBITDA multiple on the back of improving underlying USD sales and continuance of the weak ringgit environment. Dividend yields are attractive at 4.4%. BUY
Source: TA Research - 24 Feb 2017
c)

Unisem (M) - Above Expectations

Author: kiasutrader   |   Publish date: Fri, 24 Feb 2017, 09:46 AM

FY16 CNP of RM160.5m came in above expectations thanks to higher-than-expected forex translation. However, total DPS of 11.0 sen was in line. Management is guiding for seasonally weaker top-line growth (in USD terms) but higher YoY growth. FY17 could be a better year given the potential volume ramp up for wlCSP amidst the launching of new flagship smartphones in 2H17, to be augmented by stronger USD. All in, our TP has been raised to RM2.80 (from RM2.52) following higher sales assumption as well as stronger USD/MYR assumption. Maintain MARKET PERFORM.
Above expectations. The group recorded 4Q16 core net profit (NP) of RM50.9m (+32% QoQ, -17% YoY), bringing FY16 CNP to RM160.5m (+3%) which made up 107%/105% of our/consensus’ full-year estimates. The positive deviation was due to the higher-than-expected forex translation. As expected, a final net DPS of 4.0 sen was declared under the quarter reviewed, bringing YTD net DPS to 11.0 sen (representing 50% pay-out).
YoY, FY16 revenue increased by 5% helped by favourable currency translations. Recall that FY16 USD/MYR exchange rate improved by 6% from avg. RM3.91/USD in FY15 to avg. RM4.14/USD. However, on a fairer comparison which is in USD terms, FY16 USD revenue, in fact, dropped marginally by 1% to USD319.0m (from USD323.4m) dragged mainly by the Communication segment. Note that in FY2016, Communication segment was particularly weak as its key customers were caught with high inventory level due to sluggish smartphone demand as well as overstocked issue. Back home with the MYR currency, while adjusted EBIT grew with a similar quantum of 5%, core NP recorded a narrower growth of 3% on higher effective tax rate of 12.7%.
Meanwhile on QoQ basis, 4Q16 revenue rebounded by 13% (or +6% in USD terms), a normalisation from a weaker 3Q16. However, the group’s adjusted EBIT soared by 41%, which we believed was mainly driven by the net impact of stronger USD (with almost 100% of USD revenue after netting of the 40% USD raw material cost). Recall that 4Q16’s USD/MYR exchange rate improved by 7% from avg. RM4.05/USD in 3Q16 to avg. RM4.32/USD in 4Q16.
Outlook. Management is guiding for a weaker growth at top-line (in USD terms) given the seasonality effect. However, YoY growth is expected to be higher as management sees higher bumping and wlCSP business demand from China for Chinese smartphones application. For FY17, management is targeting to hit a low to midsingle growth (in USD terms) which we believe is possible; to be supported by the potential volume ramp up for wlCSP amidst the launching of new flagship smartphones in 2H17, alongside the resolution of the inventory overstock issue. On top of that, we also reckon that the prevailing strong USD could also augment its net exporter’s earnings profile.
Maintain MARKET PERFORM. All in, our FY17E CNP has been raised by 11% to account for higher USD/MYR assumption of RM4.40/USD coupled with higher sales assumption from Communication segment and better operational efficiency. As a result, our TP is raised to RM2.80 (from RM2.52) with an unchanged PER of 12.0x (a valuation which is broadly in line with Malaysian OSAT players). Maintain MARKET PERFORM. Risks to our call include: (i) lower-than-expected sales and margins, and (ii) adverse currency exchange to the group.
Source: Kenanga Research - 24 Feb 2017
d)

Unisem - FY16 Results In Line

Author: HLInvest   |   Publish date: Fri, 24 Feb 2017, 09:26 AM

    Results

    • FY16 revenue of RM1.3bn was translated into a core net profit of RM148.0m. This is in line, accounting for 96-97% of HLIB and consensus FY estimates, respectively.

    Deviations

    • None.

    Dividends

    • Recommended a final tax-exempt dividend of 4.0 sen per share (4Q15: 4.0 sen) subject to shareholders’ approval.
    • FY16 dividend totaled 11 sen (FY15: 10 sen) per share.

    Highlights

    • QoQ: Sales grew 13% thanks to volume improvement coupled with stronger US$. In US$ term, it gained strongly by 6%, above previous guidance of flat sequential quarter. Core net profit expanded 39% with better economy of scale.
    • YoY: Top line was upped by 3% and 2% in US$ term. However, bottom line was weaker by 23% due to sales mix which skewed towards lower margin products.
    • FY16: Revenue growth of 5% was mainly attributable to USD strength where it actually fell by 1% in US$ term. However, bottom line was weaker by 7% due the same reason above.
    • Experienced strong demand in flip-chip while increasing demands for bump and wlCSP are coming from China.
    • Utilization rate improved qoq with wlCSP/bumping at high 80%, leadless at 65-70% and leaded at 60%.
    • Healthy balance sheet with a net cash position of RM202.2m (28 sen per share) as end of 4Q16. Prudent CAPEX policy allows room for dividend which is projected with a yield of 4.2% for FY17.
    • 1Q17 revenue is guided to range US$78-79m, implying a 3.4% yoy growth but to decline 6.2% qoq due to seasonality.
    • FY17 guidance: (1) Revenue growth of 3-5% in US$ term; (2) Higher effective tax rate of 13-14%; (3) CAPEX to be 35- 37% of EBITDA.

    Catalysts

    • Improved consumer confident and spending.
    • Technological advancement and creation of new electronics.

    Risks

    • FOREX, weak consumer demand, labour wage hike and continuous drag by Batam’s performance.

    Forecasts

    • Tweak our assumptions based on latest operating data and guidance. In turn, FY17-18 EPS forecasts are raised by 2.4% and 0.8%, respectively.

    Rating

    BUY , TP: RM3.00 
    • Besides being the major beneficiary of strong greenback, we like its (1) exposure to the automotive sector; (2) strategic presence in China’s booming tech market; (3) healthy balance sheet; and (4) rewarding dividend yield.

    Valuation

    • Upgrade to BUY from Trading Buy after raising our TP by 2.7% from RM2.92 to RM3.00, reflecting our earnings revision. Our fair value is pegged to 13x of FY17 EPS.
    Source: Hong Leong Investment Bank Research - 24 Feb 2017
    e)
    友力森末季业绩有望破全年纪录
    分析员正面看待友力森(UNISEM)即将出炉的2016年第四季业绩,预料有希望创下2016年业绩表现最佳季度。

    (吉隆坡14日讯)从最近市场数据显示,分析员正面看待友力森(UNISEM,5005,主板科技组)即将出炉的2016年第四季业绩,预料有希望创下2016年业绩表现最佳季度。

    丰隆研究在调整美元兑马币汇率假设后,相应将2016至2018年每股盈利预测,分别上调12.2%、11.8%及11.1%,并预测2016至2018年全年净利分别为1亿5500万、1亿6500万和1亿7900万令吉。

    丰隆预测,随着马币汇率走低,2016年第四季按季贬跌7.2%,按年则下贬1.4%至每美元兑4.34水平,预料刺激友力森第四季业绩表现,因大部份收入皆以美元计。

    丰隆指出,根据半导体工业协会(SIA)资料,纵然美元汇率走强,2016年第四季的全球半导体销售额达到930亿美元(按年增12.3%、按季增5.4%),推动全年销售额至3389亿美元的历史新高。区域市场方面,中国取得最高成长,按年达到9.2%。

    大马电子与电器出口在去年第四季成长7.5%,主要是受到马币汇率走贬所推动。同期的电子与电器产量按年成长稳定在7.0%(第三季为7.4%),因获得半导体及电子零件产量支撑。

    友力森的电子电器同业的业绩都有改善,主要汽车领域对电子电器材料的需求强劲。虽然今年1月为传统佳节,不过,今年1月杪生产仍然强稳,特别是来自中国的订单支持。

    汽车业领域为电子及电器产品的显著催化因素,特别是智能汽车装置电子器材,如汽车灯光、通讯、安全、资讯等。

    大马受冷落 YTL转战狮城


    同时省油环保及电子汽车等将进一步刺激电子及电器部件需求。

    友力森拥有技术优势,它的晶圆水平晶片尺寸包装获得市场欢迎,因它的微型状因素/微型化趋势,使这些较先进包装可获得较高的赚幅。

    净现金1.095亿

    友力森资产负债表健全,截至去年第三季的净现金达到1亿零950万令吉。该公司稳健的资本开销政策,使它有能力派发股息,预料2016年的周息率有望达4.3%。

    丰隆将友力森的评级从“守住”上调至“短线买进”,目标价也上调12.3%至2令吉92仙,或等于2017财政年预测本益比13倍。
    文章来源:
    星洲日报/财经 ‧ 报道:李文龙‧2017.02.14
    f)
    http://matureman2011.blogspot.my/2013/12/2.html

    g)
    http://www.insage.com.my/Upload/MediaNews/KAREX/KAREX-Nanyang-14112016.pdf
    特朗普新政策风险拖累亚币 令吉贬值利资源科技博彩 
    (吉隆坡14日讯)特朗普新政策不明朗风险导致新兴市场货币兑美元,包括令吉上周 五起狂泻,分析员指 出,美元虽增值市场谨慎,但对资源、科技和博彩领域有利,是 这一轮“灾难”中赢家。
    科技股业绩强劲 
    科技公司大部分的营业额以美元计算,而部分成本如劳工和电力成本则以令吉支付, 预计业绩将格外强劲。 虽然部分科技公司拥有美元贷款,而导致融资成本上扬,但不在我们的考量之内,因 为我们选的个别股都是净现金公司。 我们看好,益纳利美昌(INARI,0166,创业板)、友尼森(UNISEM,5005,主板科技 股)和伟特机构(VITROX,0097,主板科技股) 前两者营业额几乎以美元计算,伟特机构75%营业额则以美元计算。但三家公司的成本, 只有30%是以美元计算。 

    没有评论:

    2017年3月20日星期一

    6181 malton 马頓 rm1.34 buy in:


    ~3月1日连升至3月17日(13天升),肯定有企业消息。
    ~良好的基本面与品牌.
    ~合理价:rm 1.70
    ~马顿企业融资董事黄子杰强调,公司2017年推出3项房产计划,发展总值为8亿8600万令吉。
     公司目前的地库为400英亩,50%在柔佛,余下在巴生河流域,潜在发展总值约100亿令吉。

    ~红色柱体:获利盘(即主力资金),青色柱体:套牢盘(即散户);黄色柱体:游资,从图中我们可以看到红色柱体即主力庄家占优势,所以我们可以大胆的持股.
    当红色盤少于55%时即可离場.
    只供参考,进出自负.

    2014年9月的報告:

    (吉隆坡31日訊)馬頓(MALTON,6181,主要板房產)執行主席拿督林曉春料將合理化旗下私人資產,包括將白沙羅城中心(Pusat Bandar Damansara)全數房產注入馬頓。
    根據財經週刊《Focus Malaysia》 引述消息報導,同是柏威年產托(PAVREIT,5212,主要板產托)主席的林曉春,預計會將白沙羅城中心發展總值約30億令吉再發展工程,于年底注入馬頓。
    “這項注資活動估計以轉換股票方式進行,最終林曉春將增持馬頓股權。”
    這是林曉春通過馬頓整合白沙羅城中心資產大計劃的一部分,但不排除未來會將白沙羅城中心旗下辦公樓和商場注入柏威年產托,而林曉春兩夫妻共持有該產托37.45%股權。
    目前林曉春持有馬頓37.9%股權,或通過私下配售為再發展工程集資數十億令吉。報導指該公司已委任經紀執行企業活動,料集得約4000萬令吉資金,每股配售價為1.10令吉。
    有消息指機構投資者看好馬頓,但基于股價波動而無法購得一筆顯著股權。

    (中国报)

    马顿(Malton)公司执行主席拿督林晓春(译音)据信将会精简其私有资产,这从他将所有吉隆坡白沙罗市中心的产业注入该上市公司中可见一斑。

    消息说,也是身为柏威年(Pavilion )产业信托主席的林晓春,预料将会在今年杪把估计发展总值为30亿令吉的白沙罗市发展计划注入马顿。

    消息说:这个资产注入行动是以换股方式进行,最终将让林晓春获得更多马顿的股份
    他补充说,这个资产注入是林晓春所推行重大计划的一部分,以巩固其资产于马顿之下,同时不排除未来将白沙罗市的办公楼和商场置于柏威年产业信托名下,该产业信托的37.45%股份为林晓春和妻子陈丽云所共有。

    林晓春曾因将吉隆坡柏威年商场和柏威年塔办公楼注入柏威年产业信托而获益,该产业信托是在2011年上市。

    这位商业大亨于今年3月通过Jendela Mayang公司获得了白沙罗市2.57公顷的地段。该公司是以4亿5000万令吉或每平方尺1628令吉,从雪兰莪产业有限公司(Sel Prop)获得有关地段。这是附近产业的另一指标。

    林晓春透过Impian Eskspresi私人有限公司在白沙罗市购得一片3.88公顷的土地,并计划重新发展该区。有关发展,包括最近收购的地段,总值超过30亿令吉。

    除了这两片地段,林晓春还拥有第三片土地,一片处于西部疏散大道和佐哈路交界面积为18.6公顷的一片三角地。

    如此一来,林晓春持有37.9%股份的马顿,将会为筹集这项数十亿令吉重大发展计划的资金而发行股票集资。

    《大马焦点》最近报道,该公司已任命了一个非银行担保的经纪人行使上述集资行动,估计将能筹募4000万令吉,相等于发行价1.1令吉。

    消息说,像马顿这样的公司,股价会波动,而他们无法获得相当大的股份。

    分析师指向马顿合理的价格为 1.70令吉,这归因于它具策略性的地库。鉴于最新的发展使然,这个柜台的股票将能以接近合理价交易,最新报告显示,其资产价格为每股1.55令吉。

    该柜台股票于827日闭市价为1令吉零7仙,市值为4亿5758万令吉。全年最高价为1令吉15仙,最低价为73仙。

    今年331日,该公司经营活动产生的现金流量净额为3230万令吉,相较于去年同时期的1亿9230万令吉,总共集资3亿9680令吉。

    截至今年331日为止的9个月内,马顿净盈利上升至4320万令吉,去年的净盈利为1920万令吉,营收从2亿2910万令吉上升至3亿9810万令吉。

    然而,该公司直到今年331的第三季税前盈利为640万令吉,逊于上一季的3650万令吉。上季盈利归功于公司脱手八打灵再也市中心威广场(V Square @ PJ City Centre)的第一栋及964个停车坪的建筑物。

    脱手第一栋楼是Impian Ekspresi、马顿和柔佛机构更换资产的行动。

    有关广场的建筑价值1亿4000万令吉,可出租净面积为162505平方尺和964个停车坪。马顿因脱手该八打灵再也市中心产业而获得发展盈利5460万令吉。
    (每日蚁论)


    多谢下列大大的功课,感恩。

    a)

    MALTON, MALTON-LA or MALTON-WB?

    Author: i3gambler   |   Publish date: Sun, 12 Mar 2017, 11:27 AM 

    MALTON closed at RM0.665 last year, and it is now RM1.15, a 73% increase withjin 2 months plus!
    Will it go up further? I dun know. However, looking at the current prices of MALTON, LA and WB, I think LA is the best bet among them.
    As usual, to compare them, I use binomial method to find out the fair value of LA and WB.

    What do we need to assume? Without these assumption, then all the following calculations are meaningless:
    1) Current price of MALTON is fair.
    2) The future gain (price change plus dividend) for MALTON is 7% p.a.
    3) Future Volatility of MALTON share is equal to its last 90 trading days historical volatility.
    4) MALTON will issue 3 sen dividend in December 2017. 


    First, find out the fair value of LA, it is a bit complicated as LA does pay interest 6 sen p.a. and cash redemption in June 2017 and june 2018, the ratio is 25/55 for 2017 and 30/55 for 2018, the meaning is, suppose you have 55000 units as at June 2017, 25000 units will be redeemed at RM25000 this year and the remaining 30000 units will be redeemed at RM30000 next year.
    So the fair value calculations have to be in two parts, one for 2017 and the other one for 2018.
    Look at the following excel spreadsheet for 2017 part, the fair value is RM1.1978. 


    Now look at the next excel spreadsheet for 2018 part, the fair value is RM1.2694.
    So the overall fair value for MALTON-LA is (25*1.1978+30*1.2694)/55=RM1.2368, it is 17% higher than MALTON-LA's market price of RM1.06.



    Now, we must also look at MALTON-WB's fair value. Look at the following excel spreadsheet, its fair value is RM0.2743, a 13% lower than its market price of RM0.315.


    Kindly be informed that I currently own some MALTON-LA, and you are investing at your own risk.
    Happy speculating.

    b)

    Malton (6181) - 股价处于52周最高点,一个豪华地产品牌正在崛起!

    Author: 司马扬   |   Publish date: Sun, 5 Mar 2017, 09:37 PM


    最新发布的季报显示马顿的盈利下跌了,与笔者关注的另一间产业公司IBHD稍有不同的是马顿的股价在下跌了几天后重新攀上52周新高水平。
    在最在上一个交易日(3/3/2017),马顿的股价处于52周新高!
    2017财政年第二季季报成绩:
    1. 营业额上涨47%
    2. 盈利下跌3.7%
    3. Development Cost保持1.1b的水平。
    4. 现金存量从年中的93m下跌至77m。
    5. 净利率下跌到非常低的水平,只有2%。
    管理层解释说本季度的产业业务和建筑业务对营业额的贡献都

    有提升,对于此次超低的净利率则是因为高材料成本及劳工成本:
    在季报出炉后,马顿的股价也跌破了90仙的水平,但一周后却重新站上90仙。而最后一天的收市价92.5仙也是52周的最高收市价。笔者自己也有持有马顿的股票,见到股价创下52周新高心里也是非常高兴。
    为什么在季报并不亮眼的情况下会选择继续持有该股票呢?主要原因是见到development cost还有1.1b,证明还将会推出许多楼盘给房产投资者。2017年许多专家(希望不是仙家)都说产业会好,那马顿是不是有机会在今年创下盈利高峰呢。
    另一个值得中长期持有马顿的原因是马顿开始在build up自己的产业品牌,在拥有Pavilion光环的同时也要有属于自己的品牌。目前在Pavilion 2附近的产业,都是打着MALTON这个品牌的(包括高速公路上的广告牌也可见到MALTON的产业)。当然单靠一些广告牌并不能有效地撑起一个品牌,但如果能让那些想购买拥有优越地理位置豪华住宅的高收入群都满意所买的房产,那就是一个品牌成功的开始。
    也许MALTON在品牌方面并不如我们所选的另一支产业股IBHD那么深入民心(说起I-CITY人人皆懂),但还是有一定的成长潜力。IBHD能在筛选投资组合时能把马顿“斩落马”主要原因是我们团队看重I-CITY智慧城市的发展蓝图,毕竟马顿主要是发展产业,目前还未见到大规模城市的发展计划。
    WeShare WeTrade
    逆水行舟

    想看更多分享,可like我们的FB专页和追随部落格。
    http://wesharenwetrade.blogspot.my/

    c)

    Malton (6181) - 带有Pavilion光环的产业公司 ~WSWT~

    Author: 司马扬   |   Publish date: Thu, 9 Feb 2017, 06:53 PM


    公司简介:
    本地知名地产及建筑商,其中最成功的代表著就是著名的”Pavilion”广场,同时Malton也承担了Pavilion广场的管理服务。除了建造豪华广场,Malton还建造高档住宅,地点都选择在繁华的市区地段。
    最近5年财报:

    股本: 448,416,000支股,每股RM0.895 (9/2/2017)
    市值: RM401m (9/2/2017)
    本益比: 10.25倍 (9/2/2017)
    主要股东: Lim Siew Choon
    有形资产净值(NTA): 739m
    周息率(Dividend Yield) : 3.35%
    最近两季季报:
    主要业务:
    产业 - 公司目前主要业务,在最新季报中显示占80%以上的营业额并贡献了大部分的盈利。公司正在进行的项目主要位于Bukit Jalil附近(Pavilion 2)的高档公寓。同时在巴生谷及柔佛一带也有产业正在发展中。
    建筑工程 - 目前最重要的建筑发展都集中在Pavilion 2一带,对Pavilion 2附近的township发展举足轻重。
    产业管理 - 目前是著名广场Pavilion的产业管理,当Pavilion 2落成后相信也会交由Malton管理。
    经营策略:
    近年来公司已经集中在产业业务,这点从年年提升的development cost中可以得知。最新季报显示development cost已经高达1.1B,公司将会推出大量的产业单位。在2016财政年年报中也表示公司未来有3B的GDV。
    在公司网站的未来产业发展计划中可以看出三个主要发展项目都是集中在巴生谷的高档公寓,由此可见公司将专注于高档公寓方面的发展。拥有Pavilion为产业品牌的情况下,进军高档产业也将会事半功倍。


    #2016年大马富商榜显示林晓春已跃升7位至第18位了。
    投资亮点/企业前景:
    1. Tan Sri 林晓春旗下最小的上市公司 - 在Pavilion 2还未开张就马不停蹄收购知名建公司WCT接近20%股权的林老板相信在未来还有许多发展计划。目前Malton的市值并不高,林老板的万丈雄心会否让Malton获利呢?
    除此之外笔者个人看到Malton也不禁想起几年前的HLCAP,当年郭令灿也是拥有HLFG及HLBANK两大金融公司。结果HLCAP却创造了翻几倍的神话,也让我国投资界风云人物游光春一战成名。
    2. 营业额年年上涨 - 在产业不景气的这几年,Malton的营业额却每年都上涨,证明了Malton的房产比起同行业者还是有更好的竞争力。也许优越的地理位置及产业概念是提高销售的关键。
    3. 土地的增值 - Malton所发展的产业地段都是选择繁华的市区,相信这些土地的价值也会按年提升,这也能让原本NTA就非常高的Malton在asset value上更上一层楼。
    4. 3 Billion 的GDV 及1.1 Billion的Unbill Sale - 以目前的市值400m来算,对比3B还是有接近8倍的差距。就算是以unbill sale来相较,也有1倍以上的差别。
    风险:
    不稳定的现金流与净利 - 从5年财报图表中得知2013和2016年的经营性现金流都呈负数,而这两年的净利也是5年中最低的。ROE也未能超过10%,其中2016年只有惨淡的4%,相信这也会让许多投资者却步。
    流动负债的增加 - 虽然公司的流动资产也年年上涨,在current ratio方面并不出现恶化的情况。但用较为逻辑的方面判断,负债增加了但净利却不见显著的提升。
    WeShareWeTrade

    想看更多分享,可like我们的FB专页和追随部落格。

    d)

     控制三家公司 成"产业建筑超级市场" 林晓春打造市值百亿集团


    02/11/2016
    http://sharesinfo4u.com/archives/35728
    丹斯里林晓春买下WCT控股(WCT 9679)控制权之後,他下一步行动是什麽?他会为这家建筑产业公司带来什麽变化?


    林晓春目前是房屋发展公司马顿(MALTON 6181)和柏威年产托(PAVREIT 5212)大股东,如今将WCT控股收入袋中,他已有三家挂牌公司在手,看来,林晓春正打造一家"产业建筑超级市场"。

    马顿是发展商,柏威年产托是房产管理公司,WCT控股是建筑商,从上游到下游,林晓春可以完全包办。

    他打造柏威年产托的成功经验,也可能用在WCT控股这家公司,打造一家新的产托公司。

    WCT控股旗下可以成立REIT的资产包括──武吉丁宜镇的永旺购物中心,格那拉再也的佰乐泰(Paradigm)购物广场(价值12亿零吉),吉隆坡第二国际机场的Gateway购物中心,新山及吉隆坡华联花园的佰乐泰购物广场等。

    若新的REIT公司成立,那林晓春则会控制四家上市公司,即一家产业发展公司,一家建筑公司和两家产业信托公司。

    《股票消息》收集的资料显示,林晓春最近动作频密,寻求将本身资产注进上市公司的机会。

    林晓春私人发展的柏威年广场新楼(PAVILION EXTENDSION),拥有250,000方尺可租用面积,就可能注进柏威年广场,预料叫价6亿2500万零吉。

    与此同时,马顿发展的PAVILION BUKIT JALIL和PAVILION DAMANSARA HEIGH,也很可能注进这家产托REIT之内。

    PAVILION BUKIT JALIL估值价值17亿零吉,预料二零一九开张,PAVILION DAMANSARA HEIGH则估计值12亿零吉。

    林晓春控制的三家公司中,马顿市值最小,约为3亿零吉,柏威年产托市值约54亿零吉,WCT控股市值23亿零吉;三家公司加起来的市值总和接近80亿零吉。

    若他完成资产注进柏威年产托,又成功把WCT控股的购物中心资产成立新的REIT公司,那他控制的资产会更上层楼。
    看来未来的十至二十年,这名五十出头的大亨,仍笑傲大马地产界。

    林晓春正打造一家百亿零吉超级集团,在百亿零吉的庞大身影之下,作为一名股市投资者,我们可以找到什麽机会呢?《股票消息》研究团队将从中进行研究,希望能从一堆堆数字中,找到启发和灵感。我们会在周内,为赞助会员分享精简有用的研究报告。



    KLIA 2的GATEWAY是WCT控股另一租金收入來源。



    PARADIGM MALL是WCT控股重要資產。

    e)


    f)

    MALTON (6181) 马顿 - MALTON破新高



    MALTON (6181) 马顿 - MALTON破新高

    这会是起涨的讯号吗?
    这只股一直都不是我的心头好。但最近报纸介绍其LA,根据杆杆计算,获利非常可观。而从二月初母股从0.74起涨,一个半月已经涨到1.36,已差不多要50巴仙的获利。

    LA起涨落后,会不会后来居上?
    那么LA呢,从三月初起,已经涨了20巴仙。反而是WB,根随母股一起涨,从0.18一路涨到0.46,已经超过150巴仙!

    我对malton的认识不深,大概就是建筑工程之类的,好象还经营酒店。
    从公司的业绩来看,前三季一般都不是很理想,通常第四季则有很好的表现。PE15左右。股价长期在50角至1块之间。但是一直都在赚钱。有形净资产一直在增加,已经1.65块了。股介显然长期被低估。
    WB还会涨多少?
    从上面的月K图来看,公司在1996年曾经有过七、八块的高价,之后就一泄千里。股价曾在1999年和2000年,达到2.8块。近十五年来,从来没有上过1.3块。如果这是长达超过15年的大底,那么,是不是意味着,malton即将展翅高飞呢?

    MALTON (6181) 马顿 - MALTON破新高 
    http://ckidairy.blogspot.my/2017/03/malton.html 

    g)
    MALTON (6181) 马顿 - 飙涨的马顿,飙涨得矛盾? 

    MALTON






    相信最近大家对这公司大家都会有所认识,它就是在短短2个月里暴涨一倍的超牛股。很多人都追进去杀个他片甲不留,所有朋友都叫我买入,但是我问他们买入原因时,却没人可以解答。今天让我们来猜猜它的故事吧。














    以产业发展起家的丹斯里林晓春,当初慧眼投资柏威年计划,成为其财富累积的转捩点。
    他在美国俄克拉何马大学主修金融学,并于80年代在发展商Khuan Choo集团起步,开始涉足房屋、公寓和办公楼建筑计划。随着大马催促银行并购,林晓春在Gadek资本有限公司于2000年脱售金融业务给丰隆银行之后,开始接管前者的上市地位。之后,他把Khuan Choo集团注入Gadek资本,并重新命名为马顿(MALTON),且在2002年重新上市大马。
    马顿就是柏威年计划的建筑承包商,这计划坐落在吉隆坡的武吉免登最旺盛的购物街。
    当他在2002年启动这项计划时,其面对的成本相当低。当时,吉隆坡市区地段每平方尺价格低于500令吉,2008年竣工后,当地地价涨超过3倍,至每平方尺1800令吉。我只能说丹斯里林晓春的眼光真的很好,当时他就是看见成功集团在附近扎根的 BERJAYA TIMES SQUARE, 如今PAVILLION 不止家喻户晓,还是女生的购物天堂。
    过后柏威年产托持续扩建柏威年广场计划,进一步壮大旗下资产规模。丹斯里林晓春欲在武吉免登打造乌节路,新延伸广场将衔接柏威年广场和Fahrenheit 88,且有衔接通道如人行走道、隧道和天桥。所以现在你可以看到那条街上是多么热闹,SEPHORALOT 10也因此被带旺起来。

    2012年,丹斯里林晓春与潘斯里陈丽云因柏威年产托(PAVREIT)挂牌上市而名声大噪,成为市场瞩目的房产大亨,并在同年跻身南洋富豪榜22柏威年产托管理层致力于展开增资计划,相信将会有更多资产注入,如柏威年精英(Pavillion Elite)、柏威年白沙罗(Pavillion Damansara)和柏威年武吉加里尔(Pavillion Bukit Jalil)。此外,柏威年精英将连接柏威年购物商场,计划打造一个连接柏威年、柏威年精英及飞轮海88商场的地下购物街
    去年111日,丹斯里林晓春透过Domion Nexus私人有限公司,收购WCT控股19.67%股权,成为该公司大股东,有关收购作价6亿1428万令吉,相等于每股出价2令吉50他下一步行动是什麽?他会为这家建筑产业公司带来什麽变化?大多数人猜丹斯里林晓春将会把MALTONWCT合并在一起,并且把WCT控股旗下可以成立REIT的资产包括──武吉丁宜镇的永旺购物中心,格那拉再也的佰乐泰(Paradigm)购物广场(价值12亿零吉),吉隆坡第二国际机场的Gateway购物中心,新山及吉隆坡华联花园的佰乐泰购物广场等,纳入PAVREIT,以巩固市场地位。林晓春私人发展的柏威年广场新楼(PAVILION EXTENDSION),拥有250,000方尺可租用面积,就可能注进柏威年广场,预料叫价6亿2500万零吉。与此同时,马顿发展的PAVILION BUKIT JALILPAVILION DAMANSARA HEIGH,也很可能注进这家产托REIT之内。PAVILION BUKIT JALIL估值价值17亿零吉,预料二零一九开张,PAVILION DAMANSARA HEIGH则估计值12亿零吉。



    马顿是发展商,柏威年产托是房产管理公司,WCT控股是建筑商,从上游到下游,一条龙服务,大家有没有觉得好像一间再不久前拆分的公司?对,就是SUNWAY, 现在已经分成SUNWAY,SUNREITSUNCON。对我来说,丹斯里林晓春最可能做的事情就只是把公司换名,再重心整顿公司,再把所有公司交接注入属于自己的领域。先把自己私人发展的公司通通纳入MALTON,再让所有建筑合约给WCT承包,把所有超级市场及酒店成为产托注入进PAVREIT。充分的释放企业价值,价值重新估算,到时候丹斯里林晓春的身价又要暴涨了。
    但是为什么MALTON会暴涨? 因为大家现在终于看到了他的价值,MALTONNTA就高达 RM 1.65 当时股价才区区 RM 0.67 ,所以炒上来也不是没有原因。最重要的是你要看到丹斯里林晓春的野心,虽然他作风低调,但是却常常可以看到他竞标一些大项目,比如林晓春携手卡塔尔国有企业出价150亿令吉,竞标1MDB正售出旗下大马城项目的60%,大马城的其他竞标者,包括依斯干达海滨控股(IWH)与中国铁建股份有限公司(CREC)所组成的财团,以及一家大型政府投资基金。最后IWHCREC获得此项目,大家可以看到丹斯里林刚河把IWH注入IWC时股价大涨,这就是我所说的释放企业价值。
    再看回丹斯里林晓春进入WCT的原因,收购19.67%股权后,丹斯里林晓春今天正式被委任为WCT控股的执行主席。至于他在马顿的执行主席职位,则改为非独立非执行主席。同时,WCT控股原本的4名董事也一同辞职,分别是陈锦华、执行董事黄毅凯、独立非执行主席拿督阿末苏菲安,以及独立非执行董事朱德和另外,WCT控股也有3名新董事入驻,分别为丹斯里马祖基(独立非执行董事)、拿督华合卡里尔(对立非执行董事),以及拿督李德福(非独立非执行董事)。其中,李德福也在柏威年产托管理私人有限公司、SAM工程(SAM9822,主板工业产品股)、百盛纳(PESONA8311,主板建筑股)担任董事。至于马祖基,则是多元重工(DRBHCOM1619,主板工业产品股)的董事。看到这里请大家发挥想象力,把所有人物联想在一起,看看是否能产生出火花!他一定又是看中一些我们看不到的东西了。再来看看WCT除了一些很值钱的SHOOPING MALL,一群建筑精英的员工,可以轻易得到政府PROJECT(也许公司里有一些建材机器才能应付),还有什么呢?我能想到的又是地皮!翻看年度报告,果然让我看到了一个位于新加坡超近的未发展地段。看来事情真的不简单,好多事情等你想象...



    去年的83日,柏威年集团更与云顶(Genting)及越南万成发集团携手合作在越南胡志明兴建总值60亿美元(约243亿令吉)的生态城市公园项目合作计划称为SAIGON PENINSULA这一项发展计划,由柏威年集团将负责整体规划,包括建设一家结合5星级酒店的豪华购物商场、公寓大楼、度假别墅以及办公楼;云顶集团则负责打造达20万总吨(GRT)的国际邮轮码头,而韩国Posco工程与建筑有限公司以及现代工程与建设有限公司也准备参与该项目,并担任工程、采购和建筑承包商



    大家可以看到丹斯里林晓春的产业野心已经涉及到东南亚,我相信大家会看到更多的计划一一推出。到时候这个越南计划也好了,他会不会注入去PAVREIT?  此计划的越南建筑工程,有没有机会让WCT拿到一份羹?现在我们能做的就是耐性等待丹斯里林晓春一一的宣布他的计划。

    此文章没有任何买卖建议,想告诉大家的还是那句话,价值投资才是王道,于企业一起成长。到现在还没有听过任何一个在股市一直进出进出的人可以成为有钱人,最近牛市也许他们赚了一些钱,但是他们会因为这心态而在熊市时把赚的都吐了出来,那时价值投资者却打败了熊市,其中最为著名的投资人,冷眼先生也那么说过。切记,找有价值的公司,而不是有价钱的公司。

    TRADE AT YOUR OWN RISK.
    MALTON (6181) 马顿 - 飙涨的马顿,飙涨得矛盾? 

    没有评论: