This is a personal weblog, reflecting my personal views and not the views of anyone or any organization, which I may be affiliated to. All information provided here, including recommendations (if any), should be treated for informational purposes only. The author should not be held liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.
Thursday, December 23, 2010
Merry Christmas & Happy New Year
I like to wish all my readers a Merry Christmas & a Happy New Year.
Can you comment on Homeritz. These stock seem retest its year low level now!
Homeritz currently trade cum final dividend of 2.1sen TE, together with previous 2 set of interim dividend of 1.2sen + 1.8sen; Homeritz already payout total of 5.1sen TE. But somehow, Homeritz share keep trading down.
What wrong with these high dividend + net cash + low PE stock??
Thanks for all inputs and knowledge shared by you so far. Have a nice Christmas day and all the best to you and family. May the coming year a prosperous and cheeful one for you. Thank you.
hi Alex, what do you think of asia file? fundamentally quite sound. what do you think of the stationary industry? i find it quite difficult to research this industry in terms of acquiring data. where can i get information on this industry? thanks
Asiafile's topline peaked in June 2008 while its bottomline peaked in December 2088. Since then, the quarterly topline & bottomline have been hovering around RM60-70 million & RM10-20 million, respectively. For QE30/9/2010, net profit dropped 33% q-o-q or 9% y-o-y to RM10.6 million while turnover declined by 16% q-o-q or 9% y-o-y to RM56 million.
In term of valuation, Asiafile (closed at RM4.48 yesterday) is now trading at a PE of 11 times (based on EPS of 40 sen). This is deemed fully valued.
Chartwise, it is resting on its long-term uptrend line support of RM4.20-4.30. I guess that's the only positive aspect of this stock. After all, its financial performance has been rather unexciting & it's now trading near its full value.
DRBHCOM is suddenly deluged with positive news flow. However. its immediate horizontal resistance at RM2.00 may keep the stock in check for now. I would rate DRBHCOM a "sell into strength" for now.
CIMBC25 took a real bashing over the past 1 month. This is due to the sharp correction in SSEC. However, it is good to note that SSEc is now resting on its 200-day SMA line at 2780 and it may stage a rebound from here. Under this scenario, I see the support for CIMBC25 at RM0.97-1.00. However, if SSEC were to break below the 2780 level, then CIMBC25 can potentially make a new low (below RM0.97).
Coastal is in a gradual medium-term downtrend line, with resistance at RM2.40. Its parallel line "support" is at RM2.05-2.07.
This stock is suffering from investors' concern about the quality of its inventory. Its modus operandi of producing vessels for stocks [instead of producing against firm orders] resulted in higher inventory of finished goods (or vessels). The justification for this is a longer or uninterrupted production run which results in lower cost & higher profit margin. For the last 4 quarters ended 30/9/2010, Coastal's EPS was 55 sen. At RM2.16, Coastal is trading at a PE of 3.9 times. That's very attractive. Unless there is skeletons hidden within its books, I think Coastal is a strong BUY.
Your comments on Homeritz are accurate. To reiterate, there are:
1) It is trading near the strong horizontal support of RM0.45 (with intra-day low of RM0.395). 2) For FY2010, it recorded a EPS of 12 sen. 3) It paid out a dividend of 5.1 sen.
If you studied the Balance Sheet as at 31/8/2010, you would see that the company is financially healthy with current ratio at 4.4 times & low debts to equity of 0.06 time.
Based on the above, Homeritz is a good BUY.
PS. I do not know why the share price languish at the present level.
Homeritz does look good on paper. However, after some nasty experiences with IPOs this year, I have set a rule against investing in any company that has been listed less then 2 years on the exchange. You never know whether the owners have finished cashing out or not!
20 comments:
hi Alex,
Merry Christmas & Happy Holidays!! Thanks for all the postings. Great job and keep it up! :)
thanks
maxwealth88
Merry Xmas to you and the followers of your site.May you have a better year ahead of you.
Hi Alex
Can you comment on Homeritz. These stock seem retest its year low level now!
Homeritz currently trade cum final dividend of 2.1sen TE, together with previous 2 set of interim dividend of 1.2sen + 1.8sen; Homeritz already payout total of 5.1sen TE. But somehow, Homeritz share keep trading down.
What wrong with these high dividend + net cash + low PE stock??
Hi Alex,
UNISEM has good CMF and Accumulation/Distribution through TA. ADX and MCAD also improve. What is your opinion on this stock ?
Dear Alex,
Thanks for all inputs and knowledge shared by you so far. Have a nice Christmas day and all the best to you and family. May the coming year a prosperous and cheeful one for you. Thank you.
Hi Alex
Merry Christmas and thanks for all great sharing .
Hi Alex,
Thanks for all your advice and info. Merry X'mas and a Happy New Year!
Hi Alex, Merry X'Mas!
Can comment on Coastal Contracts Berhad this counter? Thank you!
Hi Alex,
Merry Christmas to you and your family!
Merry Christmas & Happy Holidays
Hi Alex,
please commend on cimbc25. tq
hi Alex:
Have a belated Christmas , Happy New Year 2011 n Chinese New Year 2011...Rdgs :ayseng
Merry X'mas Mr.Alex, can you comment on DRBHCOM current movement? is it got potential to move more upward?
Thank you.
hi Alex,
what do you think of asia file? fundamentally quite sound. what do you think of the stationary industry? i find it quite difficult to research this industry in terms of acquiring data. where can i get information on this industry? thanks
Hi learner
Asiafile's topline peaked in June 2008 while its bottomline peaked in December 2088. Since then, the quarterly topline & bottomline have been hovering around RM60-70 million & RM10-20 million, respectively. For QE30/9/2010, net profit dropped 33% q-o-q or 9% y-o-y to RM10.6 million while turnover declined by 16% q-o-q or 9% y-o-y to RM56 million.
In term of valuation, Asiafile (closed at RM4.48 yesterday) is now trading at a PE of 11 times (based on EPS of 40 sen). This is deemed fully valued.
Chartwise, it is resting on its long-term uptrend line support of RM4.20-4.30. I guess that's the only positive aspect of this stock. After all, its financial performance has been rather unexciting & it's now trading near its full value.
Hi Harry
Merry X'mas to you & your family.
DRBHCOM is suddenly deluged with positive news flow. However. its immediate horizontal resistance at RM2.00 may keep the stock in check for now. I would rate DRBHCOM a "sell into strength" for now.
Hi diy
CIMBC25 took a real bashing over the past 1 month. This is due to the sharp correction in SSEC. However, it is good to note that SSEc is now resting on its 200-day SMA line at 2780 and it may stage a rebound from here. Under this scenario, I see the support for CIMBC25 at RM0.97-1.00. However, if SSEC were to break below the 2780 level, then CIMBC25 can potentially make a new low (below RM0.97).
Hi 清风侠士
Coastal is in a gradual medium-term downtrend line, with resistance at RM2.40. Its parallel line "support" is at RM2.05-2.07.
This stock is suffering from investors' concern about the quality of its inventory. Its modus operandi of producing vessels for stocks [instead of producing against firm orders] resulted in higher inventory of finished goods (or vessels). The justification for this is a longer or uninterrupted production run which results in lower cost & higher profit margin. For the last 4 quarters ended 30/9/2010, Coastal's EPS was 55 sen. At RM2.16, Coastal is trading at a PE of 3.9 times. That's very attractive. Unless there is skeletons hidden within its books, I think Coastal is a strong BUY.
Hi hng
Your comments on Homeritz are accurate. To reiterate, there are:
1) It is trading near the strong horizontal support of RM0.45 (with intra-day low of RM0.395).
2) For FY2010, it recorded a EPS of 12 sen.
3) It paid out a dividend of 5.1 sen.
If you studied the Balance Sheet as at 31/8/2010, you would see that the company is financially healthy with current ratio at 4.4 times & low debts to equity of 0.06 time.
Based on the above, Homeritz is a good BUY.
PS. I do not know why the share price languish at the present level.
Homeritz does look good on paper. However, after some nasty experiences with IPOs this year, I have set a rule against investing in any company that has been listed less then 2 years on the exchange. You never know whether the owners have finished cashing out or not!
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