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Tuesday, December 16, 2014

Why Oil Has Fallen and What It Means To You

The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing.
The price of a barrel of oil is just under $58, down from a summer high of $107, and lower than at any time since the U.S. was still in recession in the spring of 2009.
So what's going on? A global imbalance of supply and demand that is rippling across the world economy, for better and worse.

Monday, December 08, 2014

MMSV A Hidden Gem

MMSV was established as the investment holding company of MMSV Group in conjunction with the listing of MMSV on the ACE Market (Formerly known as MESDAQ Market). Currently, MMSV has 2 subsidiary companies namely Micro Modular System Sdn Bhd ("MMS") and Evolusys Technologies (Malaysia) Sdn Bhd ("Evolusys"). MMS is designing and manufacturing industrial automation, as well as designing precision die sets, jigs and fixtures. Evolusys is developing hardware and software for automation and test solutions. For more information, click here.

For the 9 months ended 30.09.14, the EPS of the company is  5.36 sen. In the corresponding period of the previous year, the EPS was 2.46 sen. This is an improvement of 117%. 

The company is progressing well. The Board of Directors expects the result for the remaining quarter to be reasonably good. Assuming that the last quarter comes in at 2.88 sen which is the same as the third quarter, then the EPS for fiscal year ended 31.12.14 will work out to be 8.24 sen. At the last traded price of 53.5 sen per share, the forward PE works out to be 6.49 which is undemanding. 

For the fiscal year ended 31 Dec 13, some key statistics of the company are as follows:
Net Profit Margin: 22.17%; Return on Equity: 31.09%; Current Ratio: 2.09; Quick Ratio 1.61. 
EPS: 3.08 sen. Total debit to total equity: 0.0012. These statistic figures are expected to be further improved for fiscal year 2014. 

Dividend per share was 1 sen last year. In view of the improving result, I expect dividend for this year to be 2 sen. 

My overall view is that at 53.5 sen, this growth stock is a buy.


Investment is not without risk. Be aware of the forwarding-looking statements in this article and buy at your own risk. You are fully responsible for your own action. 

Friday, October 24, 2014

ECS Moving Higher


The trend at ECS has reversed. It is now on track to move higher. The stochastic is in a strong momentum.

Wednesday, October 22, 2014

CBIP On track to move higher


The 4th golden cross is performing to expection. Hold on to your shares.

Saturday, September 06, 2014

CBIP at its 4th Golden Cross




The above daily chart of CBIP shows 4 golden crosses. If you examine the chart closely, you can see that the first golden cross appeared on May, 20 (closing price 4.55); 2nd golden cross was on Jun 13 (closing price 4.42); 3rd golden cross was on July 21 (closing price 4.61) & the 4th golden cross was on Sep 9 (closing price 4.82). 

Now,  assuming that you had bought at the closing price of all these golden crosses, you are still okay, considering that the last traded price was at 4.82. 

Please bear in mind that TA (technical analysis) is not a science. So, if you are looking for certainty, you are sure to be disappointed and frustrated time and again. 

It's true that many chart users throw away their charts after having been at them for some time, but sooner or later have come back to them for reference. And each time they come back, they have become more efficient and wiser in reading charts. 

In the olden days, there were no clocks. People depended on cockerels to herald the arrival of dawn. It is said that when the cockerels crow for the 4th time, then dawn has actually arrived.

Whether you may use this analogy here is left to be seen. I shall give CBIP the benefit of doubt and buy more of it at this golden cross.

Investment is not without risk. You listen to me at your own risk. 



Friday, September 05, 2014

Lodge Your Complaints


If any one of you is aggrieved in any way by misleading or irresponsible statements, please complain to SC or Bursa.

The addresses are as follows:

aduan@seccom.com.my

aduan@bursamalaysia.com

As small investors, we must cooperate and do our best to protect our own interest.

Unite and move forward for a better tomorrow. 

Tuesday, September 02, 2014

We All Got Cheated


In the 3rd quarter ended March 31, 2014,  SEAL made RM117.339 before tax. EPS after tax = 24.84 sen. 

In the announcement made to Bursa on May 30, 2014, the Management of SEAL said as follows:

 Prospect
"Barring unforeseen circumstances, the Board expects continued improvement in the Group's performance in the remaining quarter. The Group continues to focus on and enhance its main core business, while exploring for new resources to generate sustainable income."

Then on August 27, 2014, the company announced that in the 4th quarter ended June 30, 2014, the company lost RM2.487 million for the quarter.

What a wonderful turn around!!! What happened? Ask the management.

Can we trust them again? What are they trying to do? Pump and dump in the 3rd quarter? And then depress and buy in the 4 quarter? You decide.

Misleading and irresponsible statements should be construed as part and parcel of fraudulent accounting which is a serious crime.