Companies which have been actively repurchasing their shares up till this month include DIALOG GROUP BHD [], IGB Corp Bhd, MULTI-PURPOSE HOLDINGS BHD [], QL RESOURCES BHD [] and YTL Corp Bhd.
Analysts said generally, a company would buy back its shares to boost the stock price if it perceived its securities as undervalued. Share buybacks could also be an indication of planned corporate exercises by a company.
TA Securities Holdings Bhd head of research Kaladher Govindan said any such move stemmed from management’s perception that their shares were undervalued. “Share buybacks are also intended to support their share prices,†he said.
Does buyback mean shares undervalued?
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Monday, October 19, 2009
Sunday, September 27, 2009
Stocks to watch: - GLCs, SelProp, Vastalux, NSTP
Selangor PROPERTIES Bhd posted net profit of RM33.3 million for 3Q ended July 31, up 182% from RM11.8 million a year ago, boosted by foreign exchange gains and higher profits from property development.
Revenue rose 36.5% to RM70.55 million from RM51.68 million. Earnings per share were 9.69 sen versus 3.44 sen.
In VASTALUX ENERGY BHD [], its executive vice chairman Mohamad Nor Abdul Rashid continued to reduce his stake in the company.
He sold 3.98 million shares in the open market at prices ranging from 41 sen to 46.8 sen from Sept 4 to 23. The recent disposals reduced his stake to 63.73 million shares.
As for NSTP and Utusan Malaysia, investors could be ready to lock in gains after several days of gain following an upgrade by Macquarie Research.
Macquarie Research upgraded NSTP to outperform and a target price of RM2.50, based on a 12 times price-to-earnings (PER) for 2010E. NSTP closed 13 sen higher at RM2.29 last Friday while Media Prima added four sen to RM1.54 and Utusan jumped 12.5 sen to RM1.04.
NSTP's three newspapers in its fold account for 35% of total circulation and 22% of total newspaper advertising spending (adex), it had said in the report.
Stocks to watch: - GLCs, SelProp, Vastalux, NSTP
Revenue rose 36.5% to RM70.55 million from RM51.68 million. Earnings per share were 9.69 sen versus 3.44 sen.
In VASTALUX ENERGY BHD [], its executive vice chairman Mohamad Nor Abdul Rashid continued to reduce his stake in the company.
He sold 3.98 million shares in the open market at prices ranging from 41 sen to 46.8 sen from Sept 4 to 23. The recent disposals reduced his stake to 63.73 million shares.
As for NSTP and Utusan Malaysia, investors could be ready to lock in gains after several days of gain following an upgrade by Macquarie Research.
Macquarie Research upgraded NSTP to outperform and a target price of RM2.50, based on a 12 times price-to-earnings (PER) for 2010E. NSTP closed 13 sen higher at RM2.29 last Friday while Media Prima added four sen to RM1.54 and Utusan jumped 12.5 sen to RM1.04.
NSTP's three newspapers in its fold account for 35% of total circulation and 22% of total newspaper advertising spending (adex), it had said in the report.
Stocks to watch: - GLCs, SelProp, Vastalux, NSTP
Thursday, September 24, 2009
Stocks to watch: - Jetson, NSTP, Maybank, OilCorp
Stocks to watch on Friday include Kumpulan Jetson, New Straits Times Press (NSTP), Maybank and OilCorp.
The non-interested directors of KUMPULAN JETSON BHD [] (KJB) have advised shareholders to reject the conditional takeover offer by Superior Pavillion Sdn Bhd (SPSB) and Odyssey Wealth Sdn Bhd (OWSB) for the group's securities.
For more read, The Edge FinancialDaily.
However, the question now for the shareholders is whether they should take profit, based on their entry level, or should they await for a possible higher offer. Perhaps, the challenge for SPSB and Odyssey Wealth Sdn Bhd is how will they create more value for the company.
Media-related stocks could continue to be in focus, after NSTP hit a 26-month high following Macquarie Research upgrading the stock to outperform.
The research house had also said that MEDIA PRIMA BHD [] would be a key beneficiary of rising advertising spending (adex), while NSTP was expected to benefit from the shift in readership from English to Malay newspapers as advertisers increasingly take advantage of this trend.
Moody's Investors Service has revised the outlooks to stable from negative on Maybank's Bank Financial Strength Rating (BFSR), A1 long-term global local currency deposit (GLC) rating, and A3 foreign currency Tier 1 capital securities.
Maybank's P-1 local and foreign currency short-term deposit ratings, A3 foreign currency long-term deposit rating, and A3 foreign currency subordinated debt rating remain unaffected with stable outlooks.
The outlook change on Maybank's BFSR reflects the replenished state of its capital level, its improved NPL provision coverage and its dominant local franchise.
Stocks to watch: - Jetson, NSTP, Maybank, OilCorp
The non-interested directors of KUMPULAN JETSON BHD [] (KJB) have advised shareholders to reject the conditional takeover offer by Superior Pavillion Sdn Bhd (SPSB) and Odyssey Wealth Sdn Bhd (OWSB) for the group's securities.
For more read, The Edge FinancialDaily.
However, the question now for the shareholders is whether they should take profit, based on their entry level, or should they await for a possible higher offer. Perhaps, the challenge for SPSB and Odyssey Wealth Sdn Bhd is how will they create more value for the company.
Media-related stocks could continue to be in focus, after NSTP hit a 26-month high following Macquarie Research upgrading the stock to outperform.
The research house had also said that MEDIA PRIMA BHD [] would be a key beneficiary of rising advertising spending (adex), while NSTP was expected to benefit from the shift in readership from English to Malay newspapers as advertisers increasingly take advantage of this trend.
Moody's Investors Service has revised the outlooks to stable from negative on Maybank's Bank Financial Strength Rating (BFSR), A1 long-term global local currency deposit (GLC) rating, and A3 foreign currency Tier 1 capital securities.
Maybank's P-1 local and foreign currency short-term deposit ratings, A3 foreign currency long-term deposit rating, and A3 foreign currency subordinated debt rating remain unaffected with stable outlooks.
The outlook change on Maybank's BFSR reflects the replenished state of its capital level, its improved NPL provision coverage and its dominant local franchise.
Stocks to watch: - Jetson, NSTP, Maybank, OilCorp
Thursday, September 17, 2009
Stocks to watch: - Bursa, SP Setia, IJM Corp, Aeon Credit
Bursa Malaysia resumes trading after a one-day suspension where it agreed to sell a 25% stake worth RM55.6 million in its derivatives subsidiary, Bursa Malaysia Derivatives Bhd to CME Group Inc.
CME, the world's largest derivatives exchange, would pay for the stake in BMD with RM1.9 million cash and 76,427 of its own shares, adding Bursa would make a “paper gain†RM44 million from its divestment of the stake.
SP Setia posted net profit of RM42.68 million for 3Q ended July 31, 2009, up 4.45% from the RM40.86 million a year ago mainly to the strong sales recorded from its 5/95 home and commercial ownership campaign.
Its wood-based manufacturing activities also contributed to the earnings achieved. SP Setia ended at 22 sen higher at RM4.60 yesterday.
Stocks to watch: - Bursa, SP Setia, IJM Corp, Aeon Credit
CME, the world's largest derivatives exchange, would pay for the stake in BMD with RM1.9 million cash and 76,427 of its own shares, adding Bursa would make a “paper gain†RM44 million from its divestment of the stake.
SP Setia posted net profit of RM42.68 million for 3Q ended July 31, 2009, up 4.45% from the RM40.86 million a year ago mainly to the strong sales recorded from its 5/95 home and commercial ownership campaign.
Its wood-based manufacturing activities also contributed to the earnings achieved. SP Setia ended at 22 sen higher at RM4.60 yesterday.
Stocks to watch: - Bursa, SP Setia, IJM Corp, Aeon Credit
Monday, September 14, 2009
Stocks to watch: - Construction stocks, GCorp, LCL, AirAsia
Syarikat Prasarana Negara Bhd's announcement that it is budgeting between RM6 and RM7 billion to extend the light rail transit (LRT) lines in operation should stir interest in construction companies.
Scomi Group and the YTL Group are reported to be eyeing part of the mechanical and electrical works. As for the civil works, they include UEM BUILDERS BHD [], IJM Corp Bhd, MALAYSIAN RESOURCES CORP [] Bhd, YTL and Loh & Loh Construction Bhd.
Stocks to watch: - Construction stocks, GCorp, LCL, AirAsia
Scomi Group and the YTL Group are reported to be eyeing part of the mechanical and electrical works. As for the civil works, they include UEM BUILDERS BHD [], IJM Corp Bhd, MALAYSIAN RESOURCES CORP [] Bhd, YTL and Loh & Loh Construction Bhd.
Stocks to watch: - Construction stocks, GCorp, LCL, AirAsia
DoCoMo to sell stake in Malaysian U Mobile
In 2008, DoCoMo and South Korea's KT Freetel Co each took a 16.5 percent stake in U Mobile, for a combined 33 percent interest.
U Mobile entered the Malaysian cell phone market in spring 2008, providing 3G services to customers with technological assistance from DoCoMo and others. But, it has been unable to take market share away from larger service providers in the country and currently has a share of less than 1 percent, the Nikkei said.
DoCoMo will walk away from the tie-up with U Mobile due to a difference of opinion, according to a senior DoCoMo executive and KT Freetel is slated to follow suit, the newspaper reported.
DoCoMo to sell stake in Malaysian U Mobile
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U Mobile entered the Malaysian cell phone market in spring 2008, providing 3G services to customers with technological assistance from DoCoMo and others. But, it has been unable to take market share away from larger service providers in the country and currently has a share of less than 1 percent, the Nikkei said.
DoCoMo will walk away from the tie-up with U Mobile due to a difference of opinion, according to a senior DoCoMo executive and KT Freetel is slated to follow suit, the newspaper reported.
DoCoMo to sell stake in Malaysian U Mobile
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Halex to list on Wednesday
The company is principally involved in the manufacturing, formulation, repackaging, distribution and agency of agrochemicals; propagation of ornamental plants; propagation and sales of foliage cuttings, potted and festive plants; and manufacturing and distribution of health care disposable products.
The stock short name, stock code and ISIN code of HALEX is "HALEX", "5151" and "MYL5151OO005" respectively.
source from www.theeedgemalaysia.com
The stock short name, stock code and ISIN code of HALEX is "HALEX", "5151" and "MYL5151OO005" respectively.
source from www.theeedgemalaysia.com
Sunday, September 13, 2009
Stocks to watch: - Sime Darby, Petra Perdana, Astro, Genting
Astro and Genting, which extended their losses on Friday, could continue to see some pressure after the latest batch of corporate news which disappointed investors.
Stocks to watch: - Sime Darby, Petra Perdana, Astro, Genting
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Stocks to watch: - Sime Darby, Petra Perdana, Astro, Genting
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Thursday, August 27, 2009
Stocks to watch -: TAS, Lion group, MRCB, Sime Darby, KNM
According to OSK Investment Research, TAS, which operates a 12.3-acre fully equipped shipbuilding yard in Sibu, builds about 23 vessels per annum. Since it started in the shipbuilding business, it has built over 150 vessels which are constructed based on international standards. Besides upgrading its existing shipbuilding yard, the group is setting up a new shipbuilding yard occupying at least 60 acres.
Stocks to watch -: TAS, Lion group, MRCB, Sime Darby, KNM
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Stocks to watch -: TAS, Lion group, MRCB, Sime Darby, KNM
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Monday, August 24, 2009
Xingquan's profit up 18% in debut earnings report
Bursa Malaysia's first foreign direct listing Xingquan International Sports Holding Ltd registered net profit of RM21.99 million in its first quarterly results report for 4Q09 ended June 30, which was 18.1% higher than RM18.62 million a year ago.
The shoe manufacturer reported revenue increase of 26.6% year-on-year, to RM110.7 million from RM87.44 million.
Year-to-date, earnings were up 38.5% to RM92.25 million from RM66.6 million, while revenue for FY09 increased by 32.6% to RM434.51 million from RM327.64 million.
Xingquan's profit up 18% in debut earnings report
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The shoe manufacturer reported revenue increase of 26.6% year-on-year, to RM110.7 million from RM87.44 million.
Year-to-date, earnings were up 38.5% to RM92.25 million from RM66.6 million, while revenue for FY09 increased by 32.6% to RM434.51 million from RM327.64 million.
Xingquan's profit up 18% in debut earnings report
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QL's net profit rises a marginal 3.6%
Agro-based QL RESOURCES BHD []'s net profit rose a marginal 3.6% in its first quarter (1Q) ending June 30, 2009, compared with a year ago to RM22.3 million while revenue declined 2.2%. It proposed a bonus issue of one-for-five.
The decline in revenue was mainly due to a 41% year-on-year (y-o-y) decline sales from the group's palm oil division, followed by a 3% decline in the marine product manufacturing division. Profit before tax for the marine and palm oil divisions fell 20% and 61% respectively.
The drop in sales and profit before tax (PBT) in the marine product manufacturing segment was due to lower contribution from surimi and lower catch from deep-sea fishing.
The group explained that the decline in revenue for palm oil division was due to lower selling prices of crude palm oil (CPO) and 18% decline in fresh fruit bunches (FFB) processed. The average CPO price realised in 1Q was RM2,423 per tonne or 31% less than RM3,487 a year ago. The division's lower PBT was due to lower milling margins and lower contribution from the group's estates.
QL's net profit rises a marginal 3.6%
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The decline in revenue was mainly due to a 41% year-on-year (y-o-y) decline sales from the group's palm oil division, followed by a 3% decline in the marine product manufacturing division. Profit before tax for the marine and palm oil divisions fell 20% and 61% respectively.
The drop in sales and profit before tax (PBT) in the marine product manufacturing segment was due to lower contribution from surimi and lower catch from deep-sea fishing.
The group explained that the decline in revenue for palm oil division was due to lower selling prices of crude palm oil (CPO) and 18% decline in fresh fruit bunches (FFB) processed. The average CPO price realised in 1Q was RM2,423 per tonne or 31% less than RM3,487 a year ago. The division's lower PBT was due to lower milling margins and lower contribution from the group's estates.
QL's net profit rises a marginal 3.6%
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Tuesday, August 18, 2009
Tuesday, August 11, 2009
Flash - AMMB 1Q earnings up 27% to RM258m
The banking group said on Aug 11 that revenue rose to RM1.53 billion from RM1.41 billion. Earnings per share were 9.48 sen versus 7.45 sen a year ago.
It said before tax, profit at RM353.5 million rose 29.2% over 1QFY09. Excluding one-off adjustments, profit after tax and minority interest for 1QFY10 was higher at RM263.7 million, compared to RM201.4 million previously.
Flash - AMMB 1Q earnings up 27% to RM258m
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It said before tax, profit at RM353.5 million rose 29.2% over 1QFY09. Excluding one-off adjustments, profit after tax and minority interest for 1QFY10 was higher at RM263.7 million, compared to RM201.4 million previously.
Flash - AMMB 1Q earnings up 27% to RM258m
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Wednesday, August 5, 2009
OSK upgrades Wah Seong's earnings, target price
OSK Research has upgraded its net profit forecast for Wah Seong Corp Bhd for FY10 and its target price for the stock following the company’s recent acquisition of the remaining 33% stake in PPSC Industrial Holdings Sdn Bhd.
OSK upgrades Wah Seong’s earnings, target price
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OSK upgrades Wah Seong’s earnings, target price
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Sunday, August 2, 2009
PM launches 10b Amanah Saham 1Malaysia fund
The 10 billion unit fund is a fixed price equity priced at RM1 per unit, the biggest PNB fund so far.
The 1Malaysia fund, which will be available for sales for 30 days from Aug 5 to Sept 3, 2009.
To ensure wider participation, the maximum investment limit has been set at 50,000 units per account holder for those aged between 18 and 55.
The investment limit for those above 55 is set at 100,000 units. The maximum limit, however, will be void after the offer period. Redemption of units during the offer period is not permissible.
During the offer period, subscription of the units is subject to an allocation of 50% for Bumiputera, 30% for Chinese, 15% for Indians and the remainder for other minority groups.
PM launches 10b Amanah Saham 1Malaysia fund
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The 1Malaysia fund, which will be available for sales for 30 days from Aug 5 to Sept 3, 2009.
To ensure wider participation, the maximum investment limit has been set at 50,000 units per account holder for those aged between 18 and 55.
The investment limit for those above 55 is set at 100,000 units. The maximum limit, however, will be void after the offer period. Redemption of units during the offer period is not permissible.
During the offer period, subscription of the units is subject to an allocation of 50% for Bumiputera, 30% for Chinese, 15% for Indians and the remainder for other minority groups.
PM launches 10b Amanah Saham 1Malaysia fund
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Thursday, July 30, 2009
Stocks to watch: - CCB, glove makers, KNM, NSTP, Utusan
At Bursa Malaysia, Cycle & Carriage Bintang will be in focus after announcing its second quarter results and declared a RM1.20 special dividend to reward its shareholders.
Glove makers Top Glove, Supermax and Kossan would also attract interest following the H1N1 flu virus as the government warned that many members of the public were letting their guard down over the outbreak.
So far, four-related deaths have occurred while more schools, colleges and a nursing school were closed as student fell ill. According to the Health Ministry, there were 36 new cases and as of yesterday, the total number of cases stood at 1,302 while 98% of them had recovered and 1% undergoing treatment.
Stocks to watch: - CCB, glove makers, KNM, NSTP, Utusan
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Glove makers Top Glove, Supermax and Kossan would also attract interest following the H1N1 flu virus as the government warned that many members of the public were letting their guard down over the outbreak.
So far, four-related deaths have occurred while more schools, colleges and a nursing school were closed as student fell ill. According to the Health Ministry, there were 36 new cases and as of yesterday, the total number of cases stood at 1,302 while 98% of them had recovered and 1% undergoing treatment.
Stocks to watch: - CCB, glove makers, KNM, NSTP, Utusan
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Wednesday, July 29, 2009
Local bourse succumbs to profit taking
The FBM KLCI had racked up nearly 110 point over the last 11 trading days alone.
Local bourse succumbs to profit taking
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Local bourse succumbs to profit taking
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Friday, July 24, 2009
Lion Ind, S. Steel, Masteel to benefit from steel demand recovery
OSK Research had a buy on Lion Industries with fair value of RM2.11, while other Buys were Southern Steel and Masteel, with 12-month target prices of RM2.12 and RM1.20 respectively.
It maintained its Trading Buy for Perwaja with a fair value of RM1.78. Despite upgrading our valuation parameter to 8x FY10 EPS and +1 standard deviation of historical trading range.
The fair value for Ann Joo and Kinsteel of RM2.02 and 91 sen respectively only justified its Neutral recommendation.
Lion Ind, S. Steel, Masteel to benefit from steel demand recovery
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It maintained its Trading Buy for Perwaja with a fair value of RM1.78. Despite upgrading our valuation parameter to 8x FY10 EPS and +1 standard deviation of historical trading range.
The fair value for Ann Joo and Kinsteel of RM2.02 and 91 sen respectively only justified its Neutral recommendation.
Lion Ind, S. Steel, Masteel to benefit from steel demand recovery
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Reduction on Tick Size
Starting from 3rd August 2009, the tick size will apply as follow:
RM3 - RM4.99 : +/- 1 SEN
RM5 - RM9.99 : +/- 1 SEN
RM10 - RM24.99 : +/- 2 SEN
RM25 - RM99.99 : +/- 2 SEN
RM100 and above : +/- 10 SEN
RM0.99 and below remain unchange (0.5 sen). Means tick size for prices from RM1 to Rm9.99 will be 1 sen.
What is your view on this? Does it really help you as a small investor with start up fund of Rm5000 or even lower?
RM3 - RM4.99 : +/- 1 SEN
RM5 - RM9.99 : +/- 1 SEN
RM10 - RM24.99 : +/- 2 SEN
RM25 - RM99.99 : +/- 2 SEN
RM100 and above : +/- 10 SEN
RM0.99 and below remain unchange (0.5 sen). Means tick size for prices from RM1 to Rm9.99 will be 1 sen.
What is your view on this? Does it really help you as a small investor with start up fund of Rm5000 or even lower?
Friday, July 17, 2009
WCT gets RM766m jobs in Medini Iskandar
It said the project was expected to be completed by July 2011, and the contracts were expected to contribute positively to the earnings and net assets of the group for the financial years 2009 to 2011.
WCT gets RM766m jobs in Medini Iskandar
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WCT gets RM766m jobs in Medini Iskandar
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Wednesday, July 15, 2009
Sunday, July 12, 2009
After Long Period of Idle
Since a year ago, this blog has been left forgotten. No worry! I'm BACK. I'll update as frequent as possible from now on. Please come back and find out the changeover. Thanks in advance. Cheers!
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