Paramon -- update after 40 cent special dividend !!

Copy & paste from forum....

In fact, the announcement of 40 cents dividend could well be the first of many goodies that we could hope to receive.

First, Paramount might consider returning the balance proceeds estimated at another 60 cents per share to the shareholders in the event that there is no land acquisitions in sight within the next 6 months. This is the assurance given by Dato' CQ Teo, Executive Chairman of Paramount, made during the EGM.

Second, there could be plans to give out bonus issue in an effort to boost the liquidity of its shares, which could take place as early as next year.

Third, they are already in the midst of working out a strategic plan, which involve the future listing of their education business after its KDU College has recently received approval from MOHE to upgrade to University College status, hence further enhancing the value of Paramoung shares.
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according to egm, if they dont find suitable land for property development, will pay out further 60sen in special div(from jerneh sales).

year end soon, another 30sen dividend possible!
and the valuation for their business is still low!!! so there is still value at current price. plus next year their international school is up! plus they just got university status.

plus according to dato a bonus issue might b coming soon!
so next year lots of development too in property arm, where this year super profits!!!

So, there could be more upside to the current market price if we can hold the stock long enough to reap its benefits.

保险的业务，已经获得ACE开出的价钱是6亿5400万收购澄心保险全部的股权，百乐园拥有20%的股权，所以，预计这项的脱售将会让百乐园获得1亿3080万，把公司的现金水平提高到3亿6244万，这相等于每股现金RM3.20。

Low PE, plenty cash in hand, growing profit, having resilient education business (which usually trades at double digit PE). I think any drop in share price present good opportunity to accumulate

Bought 7,300 unit of MFCB

I've bought 7300 unit of MFCB cost around 1.81 yesterday....... which I've been eye for long time
MFCB I think I cover previously which you can find in my post...
1.) low PE power generate counter if you compare to ytlpowr, tenaga... (PE 7.x vs PE 10++)

2.) They are collecting their own share for 10% now around 6%, another fund also collecting which is FID Low Priced Stock Fund

3.) The up coming project.... which I got reply from them..

Hi Mr xxx

The term and validity period of the Project Development Agreement for the
Don Sahong hydroelectric power project has been extended to 12 February
2011. The project development is progressing well and we believe the

project could contribute significantly to MFCB Group's power business in

future.


Regards
Yong Lai Sim
Group Company Secretary
Mega First Corporation Berhad

40 cent special dividend

Paramon just announced 40 cent special dividend....
which only giving out 40 cent X 120 mil shares = RM48 millions

1724 PARAMON PARAMOUNT CORPORATION BHD

Special Dividend RM0.40

Entitlement Details: Special Dividend of RM0.40 per share less income tax at 25% Entitlement Type: Special Dividend Entitlement Date and Time: 23/12/2010 05:00 PM Year Ending/Period Ending/Ended Date: 31/12/2010 EX Date: 21/12/2010 To SCANS Date: Payment Date: 05/01/2011 Interest Payment Period: Rights Issue Price: 0.000 Trading of Rights Start On: Trading of Rights End On: Stock Par Value: Share transfer book & register of members will be closed from to (both dates inclusive) for the purpose of determining the entitlements A Depositor shall qualify for the entitlement in respect of: - Securities transferred into the Depositor's Securities Account before 23/12/2010 04:00 PM in respect of ordinary transfers. - Securities transferred into the Depositor's Securities Account before in respect of express transfers. - Securities deposited into the Depositor's Securities Account before in respect of securities exempted from mandatory deposit. - Securities not withdrawn from the Depositor's Securities Account as at . - Securities bought on BMSB on a cum entitlement basis according to the Rules of the BMSB. Registrar's Name and Contact: Tricor Investor Services Sdn Bhd Level 17, The Gardens North Tower Mid Valley City Lingkaran Syed Putra 59200 Kuala Lumpur Tel: 22643883 Remarks: N/A Submitted By: Tay Lee Kong

08/12/2010 06:05 PM

Property Germ -- Paramount

The 5 Reason why I buy paramon:-

1. Paramount recently sold some business and gain handsome profit which include jerneh insurance which RM130.80 million pocketed at the same time sell some business which is making loss -- KDU International Sdn Bhd which really show management capability and decisive decision (thumb up).

2. One of the lowest PE property counter in the market -- If we take latest EPS which translate PE6.6

3. As latest paramount landed property launch in kemuning utama buyer Q for overnight and have it sold out in less than 1 day time price @ 520k above... amazing G&G concept and strategy location.

4. Now they're accumulate land in cyberjaya which I think next booming location will be happen soon.

5. Paramount is cash rich, special dividend likely to happen in next Qtr, if paramount giving out all the dividend which they dispose jerneh each share can get RM1.08

It's friday nite, let's have some fun

Do you want to have this kind of life ?? oh yeah, let's make smart money ....

Sexy Bikini Pool Party by The Bank in bangkok, Thailand

Gopeng, big mistake....

I've been blog about this counter since 2009 all because of the associate company -- Perak-Hanjoong (what I called it the goose that lays golden eggs). When I saw the announcement gopeng sold perak-hanjoong for only RM200 millions I really can't believe it.
Let's look at latest QTR report:

12. Changes in composition of the Group

The Company’s major investment in associate, Perak-Hanjoong was disposed for RM200 million cash resulting in a capital loss of RM68.5 million.

Yeah, capital loss of RM68.5 million. Who the hell will sell the golden goose at loss ?? Why I said so, look at previous qtr track record...
After dispose Perak-Hanjoong, P/L turn red.... If you still remember my earlier post about Gopeng and YTL-Cement most of their net profit is contribute by Perak-Hanjoong(about 60%+)

Then gopeng Qtr report talk about future:

19. Future prospects

The Group’s performance for the next quarter is expected to remain at the same level. The Proposed Disposal provides a good opportunity for the Company to unlock and crystallise the value of its investment in Perak-Hanjoong Simen Sdn Bhd and hence strengthen the cash position of the Group.

What I don't understand:
1.) Why company sell the goose which can lay gold eggs ?
2.) They're not short of cash flow, why sell the the associate company at loss ??
3.) What they're going to do with the 200 million?
4.) Is this company really got future ??

Up to you to justify...

Btw, if the company utilize the cash to dividend, I believe each share can get RM0.9x dividend back....

I AM WHO I AM -- Paramon 怕老貓

Paramon -- Property Germ



Indeed, I love this song simply because the same attitude which I use for investing. I don't care what stock broker house recommend (for me those are bullshit), I only trust the number and myself. My latest pick paramon....

Is the current price way too high ?? I'll write up when I'm free...

TomyPak (cont-ed) 2

I Just dig out from cimb research and would like to share with you few point.

Tomypak remains an OUTPERFORM with an unchanged
target price of RM4.96, based on a 30% discount to our 12x target P/E for Daibochi.
The share price weakness following the poor 2Q10 results is a buying opportunity.
Factors that could catalyse the stock include margin recovery and the approved share
split and bonus issue.

Among the lowest P/Es in small-cap coverage. In our small-cap universe, Tomypak
remains one of the cheapest, with a CY11 P/E of only 5.9x compared to an average of
9x for our small-cap universe. The gross dividend for FY11 is an attractive 6.2% but
could be higher if the net dividend payout ratio turns out to be higher than our 27%
forecast.

I always believe buy something with extra discount -- buy honda accord with myvi price, how you like it ? Provided it's a high performance, reliable & stable car. Is tomypak match all of these ?! If tomypak PE race to somewhere near PE11/12, our return will be somewhere near 100%.


Cimb Report

Today Star -- TomyPak (cont-ed)

Today Star -- TomyPak (cont-ed)

1.) EPS, Dividend have been quite constant and stable giving out 3 cent each quarter

2.) As government new regulation, packaging industry now can transfer raw material cost to consumer, meaning to say their margin will not affect by the raw material price fluctuation. Raw material go up 30 cent, their price will go up 30 cent or even more.

3.) Nowadays you go shopping you’ll notice, most of the packaging last time used to be tin, glass or so on.?? Lots of fancy fancy plastic, boxes to attract consumer which can boost up packaging industry like tomypak

4.) Tomypak is the 2^nd largest packaging company vs daibochi but if you ask me, I would prefer to buy something with discount and valuable – tomypak PE 6.x instead of something over price – daibochi PE9.x .

5.) The last – Revenue vs Net profit = Margin (How efficient the company use their resource turn into profit) compare tomypak (7.85%) vs daibochi (6.84%) from last quarter give me an idea – Large doesn’t mean the best

Tomorrow Star, Today Dirt -- TomyPak

Sorry for long time no update, busy with change job, move house & settle down......

Below is my latest profolio which I just bought today...

Reason ?? I'll post later when I'm free ~~ ^-^

Digi Join The Iphone Battle

Digi.Com Bhd., the Malaysian mobile- phone company controlled by Norway’s Telenor ASA, signed an agreement to sell Apple Inc.’s iPhone in Malaysia to tap growth in a market that it forecasts will surge 10-fold in five years.

“Growth is coming back this year,” Digi’s Chief Executive Officer Johan Dennelind said in an interview with Bloomberg television in Kuala Lumpur today. Digi will start selling iPhone 3G and 3GS in “coming months,” he said.

The three-year agreement will help Digi increase sales more than 5 percent cent this year, higher than the industry average, Dennelind said. Digi’s sales rose 2 percent last year, slowing from 10 percent in 2008 as Malaysia’s economy shrank 1.7 percent. The government forecasts economic growth of more than 4 percent this year.

This indeed a very good news for consumer and maxis monopoly Iphone ended.

Source : http://www.businessweek.com

Steel price vroom vroom ~~ Are you ready ?

BHP jacks up coking coal prices 55%

Mumbai: BHP Billiton, the world’s top coking coal producer, has signed a coking coal deal with Indian steelmakers at $200 per tonne, up 55% from last year’s prices.

Pawan Burde, vice president (research), PINC Research said the industry was expecting a price rise of around $180 per tonne. “Steelmakers will have to increases prices by $60-70 per tonne.” Burde believes due to the strong steel demand in the country and robust auto and infrastructure spending, passing on this cost to the consumers won’t be a problem.

So Steel kaki, are you ready for roller coaster ??

Steel Sector Comparison

The steel industry in Malaysia can be categorically subdivided into two main segments, namely the long products and the flat products --
Steel consumption is projected to grow at an annual rate of 5%, with the ratio of longs to flats falling to about 40:60 by 2007. As Malaysia continues to industrialise, the consumption pattern will progressively favour flats as is
evidently seen in other newly industrialised countries. The anticipated increase in flats consumption is also due to the expanding manufacturing sector, being the main driver of industrial development in the coming years.
On the other hand, the longs segment will continue to depend on the construction sector, primarily the residential sub-sector as large infrastructure projects will be progressively scaled down under the new administration.

I've swap my lionind fund into cscsteel, the reason:



CSCsteel cash balance after deduct all the debt still left RM0.82 per share as market price 1.75 - 0.82 = RM0.93
You're actually paying 1.04 Per share for Cscteel which give you PE 2.63
Cscsteel is the highest Margin compare to others
The only debt free company CSCsteel

Morning KL

I just dispose 10,000 unit of lionind this early morning @ 1.81. 15% gain & 2.4k pocket, lionind is recovery from deep which you can hold for another 3~5 month time but I spot another good counter going to swap later if the price come to my target range. Stay in tune....

Side to side comparison for Telco

Maxis, Digi, TM, Axiata

The top 4 malaysia telco company in bursa obviously all making money. So which 1 is doing great ? How you pick 1 of the best ? As usual I trust figure and number which tell the truth..

Let's drill down--
All 4 companies revenue increase quarter by quarter, EPS 1 out of 4 increase since quarter 1 till end of financial year -- Axiata
the rest up and down a bit--from here it might tell you something ... is local market stagnate ?!!

Let's look at revenue growth, Axiata is the only 1 out of 4 gain almost 10%, the rest all less than 10%... it explain why axiata market price rally in last 2 month..

PE comparison: (base on 25/2/2010 market closing price)
Axiata: 16.95
TM: 17.80
DIGI: 17.49
Maxis: 20.21

Obviously axiata will be the no.1 in my telco list if I'm going to buy.

Lion Industries did a good job

Let's have a quick look of how lion industries for 2nd quarter result, improve quarter to quarter, EPS improve from 9.78 cent to 11.70 which give you PE 3.5 ...!!! yes, you're right !! steel counter with fantastic improved result quarter to quarter, where you can find ??


Company prospect:
It is anticipated that the gradual recovery in the Malaysian economy and the expected roll-out of the Government's infrastructure projects will boost demand for long steel products in the coming Quarters. As such, the operating environment for the Group’s businesses is expected to improve.

Genting Singapore

For those who've bought genting singapore, it's obviously a good news. The casino grand open on 14/2/2010, it look like more grand than genting malaysia. Let's have a quick peek on the theme park.

Wishing everyone Happy chinese new year

Lionind Roar ~~~

Latest update:

I bought lionind at 1.56 10,000 unit

Reason:

I foresee demand increase in steel sector, fundamental strong rebound for lionind.

Genting SP gets license

Resorts World Sentosa Gets Licence To Run Casino

SINGAPORE, Feb 7 (Bernama) -- The newly-opened Resorts World Sentosa (RWS), Singapore's first integrated resort with a casino, has obtained the licence from the Singapore authority to operate the casino.

RWS chairman Tan Sri Lim Kok Thay said the resort was very happy to have received the casino licence yesterday.

In a statement, Lim, who is also Genting Malaysia chairman, said this was made possible by the dedicated team, consultants, contractors and government officials, especially the Casino Regulatory Authority, "which worked tirelessly to set up the regulatory framework within a very aggressive timeline".

However, Lim did not mention when the already completed casino in the resort will start its business.

The resort, which is located on Sentosa island here, opened its doors to the public last month with the launch of four of its six hotels including Hard Rock Hotel and Crockfords Tower.

RWS is still waiting for another licence to operate the Universal Studio theme park in the resort, dubbed the biggest in Southeast Asia.

-- BERNAMA

source: http://www.bernama.com/bernama/v5/newsbusiness.php?id=474020

YTL says broadband penetration to surge

Guys read this :

YTL Communications Sdn Bhd, the telecommunications arm of YTL Corporation Bhd, expects broadband penetration in Malaysia to surge between 70 and 80 per cent within five years from its present penetration level of about 25 per cent.

Source: http://www.btimes.com.my/Current_News/BTIMES/articles/20100204152416/Article/

What a joke, malaysia have been trying for more than 10 years time only can get 25% penetration, YTL not even have a commercial base station giving above statement, LOL !!!

P1 have been trying in last 1 year+ to build base station (more than 500 Base station) cover as many area as they can only gain 130k subscriber by end of 2009 (not even 1% of malaysia population). YTL can do magic show?

Btw, it'll be bright future for wimax player which I can foresee. Due to high demand of mobility user & devices increasing, it'll bring ton of $$ for those big player.

How you like it, turn paper into gold

Please don't learn if you totally don't know what's call warrant or warrant, it's very high risk. It could turn your hard earn money into paper.
I just did a transaction buy and sell less than 2 week time for gens-c2, how you like it ?!! more than 20% return in 2 week time