Hot Stock Green Packet, warrant surge on retail play
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Monday, 09 September 2013 13:27
KUALA LUMPUR (Sept 9): GREEN PACKET BHD [] and its warrant rose
sharply in active trades on renewed retail trading play although there was no
news flow, said retail dealers.
“We don’t hear any positive news about the company today but we do see
retail play coming in from Sept 2 when it was at 31 sen per share. Though
loss-making, this firm is still a significant mobile broadband player,” said
Goh Kay Chong, senior remisier at SJ Securities Bhd.
At 12.30 midday break, Green Packet surged 6.5 sen or 20% to 39.5 sen per
share, on trades of some 19 million shares; while its warrant soared 4.5 sen
or 50% to end at 13.5 sen on 26.5 million units.
While Green Packet was the 6th most active counter, its warrant ranked 4th
on the active list.
According to exchange filings, net assets per share of Green Packet as at
end-June 2013 was 15 sen.
“I have checked this morning and there is no news at the moment. So we
reckon it could be retail trading play or speculative play by some big players.
“Due to regular quarterly losses, this company’s share has suffered selldowns. The stock price is now at its lows and is seen coming back on technical rebound. But I am wary of this stock as there is too much speculative play by hit-and-run payers,” said another senior dealer.
For the first half of this year, Green Packet incurred a wider total loss of
RM39.6 million compared to loss of RM32.6 million a year ago. But revenue rose to RM300.3 million, from RM266.5 million.
However, Green Packet’s managing director C.C. Puan said in a statement before releasing the company’s second quarter results that the firm had posted huge increase in its earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter due
to its business transformation plan.
The mobile broadband services provider posted an EBITDA of RM9.4million, a 116% year-on-year jump. Green Packet’s revenue for the second quarter rose 9% to RM151 million.
“We revised our strategies for better performance all-around in view of challenging market conditions and it is proving effective in getting us on track for 2013,” he said.
According to Puan, better cost management and lesser capital expenditure this year should see EBITDA margins improving.
Recently, the company also announced it intended to sell a property of a wholly-owned subsidiary for RM49 million to help pay off debts and reduce gearing. This will also help raise the net assets per share to 22 sen.
Dealers said Puan, who has recently replaced his long-time friend Michael Lai as chief executive officer of P1, might be another factor that boosted Green Packet’s share price. Puan is the controlling shareholder of Green Packet.
Packet One Networks (P1) is a telecommunications, broadband and 4G service provider. The company, founded in 2002, is the main subsidiary of Green Packet.
Monday, September 9, 2013
Thursday, September 5, 2013
Hot Stock: Supermax surges for 2nd day on upbeat analyst reports, weak ringgit, valuation
Hot Stock: Supermax surges for 2nd day on upbeat analyst reports, weak ringgit, valuation
Written by Jeffrey Tan of theedgemalaysia.com
Thursday, 05 September 2013 15:57
KUALA LUMPUR (Sept 5): Supermax Corporation Bhd saw its share and warrants rise sharply for the second consecutive day, after more analysts recommend a “buy” on the undervalued stock.
The glove stock rose by as much as 21 sen or 8.5% today. Yesterday, it rose 13 sen or 5.5% to close at RM2.46 per share.
The sharp fall in the ringgit vis a vis the US dollar is a positive for the company and the rubber glove sector in general, as export sales are denominated in dollar.
Supermax is also credited for having built a strong own brand manufacturing (OBM) presence and the stock price is seen as undervalued by 40% by a research firm.
At 3.36 pm today, Supermax share rose 19 sen or 7.7% to RM2.65, with volume of some 12 million shares. It was the fifth top gainer.
Dancing along with Supermax were its structured warrants. At 3.30 pm,SUPERMX-CM rose 11.5 sen or 109.5% to 22 sen with trades of 62 million units. It was the second top active counter.
“The big quantum change in Supermax’s share price is mainly due to the
weakening of the ringgit against the US dollar and as a result, its warrants rose too,” said senior remisier Goh Kay Chong over the telephone.
In a note today, Kenanga Research highlighted that Supermax will be a beneficiary of the weakening ringgit since the group did not hedge its US dollar receipts.
The research house said it likes the glove producer because it was trading at 10.5 times FY14 earnings per share (EPS) compared to its average 14% net profit growth over the next two years.
It added Supermax’s year to date share price performance (up 20%), was still lagging behind other players such as Kossan (up 90%) and Hartalega (up 40%), it said.
“We maintain outperform rating on Supermax with target price (TP) of RM2.82 based on twelve times FY14 EPS,” said Kenanga.
Meanwhile, TA Research said in a note yesterday that the glove producer had strong OBM presence, which made up 69% of sales mix.
“We are confident Supermax’s marketing capabilities will help ensure new capacities are utilized as and when they arrive,” said TA Research.
The research house has reiterated its ‘buy’ call on Supermax, with unchanged TP of RM2.90.
Written by Jeffrey Tan of theedgemalaysia.com
Thursday, 05 September 2013 15:57
KUALA LUMPUR (Sept 5): Supermax Corporation Bhd saw its share and warrants rise sharply for the second consecutive day, after more analysts recommend a “buy” on the undervalued stock.
The glove stock rose by as much as 21 sen or 8.5% today. Yesterday, it rose 13 sen or 5.5% to close at RM2.46 per share.
The sharp fall in the ringgit vis a vis the US dollar is a positive for the company and the rubber glove sector in general, as export sales are denominated in dollar.
Supermax is also credited for having built a strong own brand manufacturing (OBM) presence and the stock price is seen as undervalued by 40% by a research firm.
At 3.36 pm today, Supermax share rose 19 sen or 7.7% to RM2.65, with volume of some 12 million shares. It was the fifth top gainer.
Dancing along with Supermax were its structured warrants. At 3.30 pm,SUPERMX-CM rose 11.5 sen or 109.5% to 22 sen with trades of 62 million units. It was the second top active counter.
“The big quantum change in Supermax’s share price is mainly due to the
weakening of the ringgit against the US dollar and as a result, its warrants rose too,” said senior remisier Goh Kay Chong over the telephone.
In a note today, Kenanga Research highlighted that Supermax will be a beneficiary of the weakening ringgit since the group did not hedge its US dollar receipts.
The research house said it likes the glove producer because it was trading at 10.5 times FY14 earnings per share (EPS) compared to its average 14% net profit growth over the next two years.
It added Supermax’s year to date share price performance (up 20%), was still lagging behind other players such as Kossan (up 90%) and Hartalega (up 40%), it said.
“We maintain outperform rating on Supermax with target price (TP) of RM2.82 based on twelve times FY14 EPS,” said Kenanga.
Meanwhile, TA Research said in a note yesterday that the glove producer had strong OBM presence, which made up 69% of sales mix.
“We are confident Supermax’s marketing capabilities will help ensure new capacities are utilized as and when they arrive,” said TA Research.
The research house has reiterated its ‘buy’ call on Supermax, with unchanged TP of RM2.90.
Wednesday, September 4, 2013
Hot Stocks Pelikan and China Stationery fall, merger deal reportedly off
Hot Stocks Pelikan and China Stationery fall, merger deal reportedly off
Business & Markets 2013
Written by Kamarul Anwar and Ho Wah Foon of theedgemalaysia.com
Wednesday, 04 September 2013 13:24
KUALA LUMPUR (Sept 4): Pelikan International Corporation Bhd fell by as much as seven sen or 14% early today while China Stationery Ltd (CSL) fell 4% after their merger deal was reported to be falling apart by a Chinese newspaper yesterday.
Another news report today said that a CSL official had confirmed that the two companies’ distribution synergy had been called off.
The official said the main reasons were cultural differences between the two companies and differences in opinion over the pricing strategy.
At 12.30 lunch break, Pelikan shares receded 4.5 sen or 9% to 45.5 sen on heavy trades of 32.6 million shares. The net value of the share as at endJune 2013 was RM1.04.
CSL of China ended at 23 sen per share, down 0.5 sen or 2% after falling to a low of 22.5 sen, on trades of 32.8 million shares. Its net value per share stood at RM1.14 as at end-June 2013.
Both counters were among the top ten actives.
According to senior remisier Goh Kay Chong, the plunge of Pelikan shares today could also be due to profit-taking, as the stock had surged 14.5 sen or 41% to close at 50 sen yesterday.
Goh of SJ Securities told theedgemalaysia.com that Pelikan had surged after the news report yesterday because investors thought “it is good for Pelikan to split with China company.”
“To split with China Stationery of China could be good for the stock as investors do not have much confidence in China companies. Punters who bought yesterday are making money today,” said Goh.
He said lately investors are also looking for penny stocks to play as blue-chip counters have been victims of the volatility brought forth by the impending tapering of the US Federal Reserve quantitative easing.
In addition, investors do not like the way Pelikan had been sold down by CSL
recently.
According to exchange filings, Pelikan had been a subject of recent disposal by China Stationery. As of yesterday, CSL held only 2.37% of Pelikan shares after disposing 3.56% stake between August 28 and 30.
Last December, Pelikan signed a two-year dealership agreement with CSL for the latter to distribute and sell office and school stationery products marketed by Pelikan under the "Pelikan" trademark in China and Hong Kong on a non-exclusive basis.
But CSL has been reducing its shareholding in Pelikan after the former had paid a premium to acquire a 9.79% stake for RM50 million via a share swap.
Business & Markets 2013
Written by Kamarul Anwar and Ho Wah Foon of theedgemalaysia.com
Wednesday, 04 September 2013 13:24
KUALA LUMPUR (Sept 4): Pelikan International Corporation Bhd fell by as much as seven sen or 14% early today while China Stationery Ltd (CSL) fell 4% after their merger deal was reported to be falling apart by a Chinese newspaper yesterday.
Another news report today said that a CSL official had confirmed that the two companies’ distribution synergy had been called off.
The official said the main reasons were cultural differences between the two companies and differences in opinion over the pricing strategy.
At 12.30 lunch break, Pelikan shares receded 4.5 sen or 9% to 45.5 sen on heavy trades of 32.6 million shares. The net value of the share as at endJune 2013 was RM1.04.
CSL of China ended at 23 sen per share, down 0.5 sen or 2% after falling to a low of 22.5 sen, on trades of 32.8 million shares. Its net value per share stood at RM1.14 as at end-June 2013.
Both counters were among the top ten actives.
According to senior remisier Goh Kay Chong, the plunge of Pelikan shares today could also be due to profit-taking, as the stock had surged 14.5 sen or 41% to close at 50 sen yesterday.
Goh of SJ Securities told theedgemalaysia.com that Pelikan had surged after the news report yesterday because investors thought “it is good for Pelikan to split with China company.”
“To split with China Stationery of China could be good for the stock as investors do not have much confidence in China companies. Punters who bought yesterday are making money today,” said Goh.
He said lately investors are also looking for penny stocks to play as blue-chip counters have been victims of the volatility brought forth by the impending tapering of the US Federal Reserve quantitative easing.
In addition, investors do not like the way Pelikan had been sold down by CSL
recently.
According to exchange filings, Pelikan had been a subject of recent disposal by China Stationery. As of yesterday, CSL held only 2.37% of Pelikan shares after disposing 3.56% stake between August 28 and 30.
Last December, Pelikan signed a two-year dealership agreement with CSL for the latter to distribute and sell office and school stationery products marketed by Pelikan under the "Pelikan" trademark in China and Hong Kong on a non-exclusive basis.
But CSL has been reducing its shareholding in Pelikan after the former had paid a premium to acquire a 9.79% stake for RM50 million via a share swap.
Thursday, August 29, 2013
Reading of KLCI based on Homily Software
Homily Software specialist Zhang Fang's interpretation on KLCI based on Homily Software
1,use HRB
trend(white and blue lines side-way or uptrend but didn't go downtrend,yellow lines downtrend already)
support &resistance(white lines is the support,blue lines is the resistance)
space(between white lines and blue lines)pay more attention to the gap.
2,use GCAND
target points(1/4,1/2,3/4)
so now,look at the target points: 1/2:1716 and 3/4:1664，see the circles in the chart.
1看弘历彩虹
趋势方面，黄色线已经gathering并且朝下，
支撑与阻力方面，很明显白色线的支撑最大，
空间方面，短期内会运行在蓝白色线之间。
2看等比坐标，百分比线
目标点位1/4,1/2,3/4
目前运行在1/2的1716和3/4的1664之间（
Please contact KC Goh (012-6597910) for more information.
Thursday, August 22, 2013
富時綜指的预测及追踪
《股市创富大赢家〉作者吴继宗的预測：
富時綜指從8月1日的1766.70的低點逆轉，
它可能會再次挑戰1766.70的支持線，
綜指的下滑是有跡可尋的，上週一市場力度是61.52%，
8月21日（星期三）中国《弘历》讲师兼产品顾问张芳：
现在需要注意的是KLCI的震荡区间是不是在下移（
.jpg)
富時綜指從8月1日的1766.70的低點逆轉，
它可能會再次挑戰1766.70的支持線，
綜指的下滑是有跡可尋的，上週一市場力度是61.52%，
8月21日（星期三）中国《弘历》讲师兼产品顾问张芳：
现在需要注意的是KLCI的震荡区间是不是在下移（
8月22日（星期四）中国《弘历》讲师兼产品顾问张芳：
注意三个要点：
第一，看百分比线，1719.
第二，有个跳空缺口，（也正是这样，
第三，动态筹码显示紫颜色，代表目前的股价进入短期超跌区域，
第四，看弘历彩虹，股价快接近白色线了，近两年多，一直以来，
.jpg)
Thursday, July 11, 2013
Hot Stock Eastland falls 17% after denial by PM's son
Hot Stock Eastland falls 17% after denial by PM's son
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 11 July 2013 14:49
KUALA LUMPUR (July 11): Eastland Equity Bhd extended losses, falling as
much as 17% after Mohd Nazifuddin Najib refuted rumours that he is seeking
control over the property developer, dealers said.
At 2.37pm, Eastland was traded at 90.5 sen with some six million shares
done. The fourth-largest decliner across the exchange had earlier fallen as
much as 17.5 sen to 88.5 sen.
"There is selling pressure on the stock," a dealer told theedgemalaysia.com
over telephone today.
The dealer, however, said the stock could have found its support at 90 sen
after paring losses from its intradaylow of 88.5 sen.
Yesterday, Eastland shares fell 12 sen or 10% to RM1.06.
Bernama, quoting sources, had earlier reported that Nazifuddin who is Prime
Minister Datuk Seri Najib Razak’s son, is seen to be entering the frayto
thwart a group led by businessmen Teh Soon Seng, over control of Eastland.
According to the report, the two groups would likely battle for control of
Eastland, the jewel in the crown, of which, is the Renaissance Kota Bharu,
the onlyfive-star hotel in Kota Baru, Kelantan.
These rumours come at a time when Eastland is planning a private
placement of shares in the company.
Eastland formerlyknown as FURQAN BUSINESS ORGANISATION [] Bhd,
has appointed M&A Securities Sdn Bhd as the main adviser for the private
placement.
Eastland also said it will sign a joint-venture agreement with Zalam Corp Sdn
Bhd to jointly develop a piece of vacant land in Kota Bharu. Eastland which
owns the land, said Zalam is an "unrelated party".
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 11 July 2013 14:49
KUALA LUMPUR (July 11): Eastland Equity Bhd extended losses, falling as
much as 17% after Mohd Nazifuddin Najib refuted rumours that he is seeking
control over the property developer, dealers said.
At 2.37pm, Eastland was traded at 90.5 sen with some six million shares
done. The fourth-largest decliner across the exchange had earlier fallen as
much as 17.5 sen to 88.5 sen.
"There is selling pressure on the stock," a dealer told theedgemalaysia.com
over telephone today.
The dealer, however, said the stock could have found its support at 90 sen
after paring losses from its intradaylow of 88.5 sen.
Yesterday, Eastland shares fell 12 sen or 10% to RM1.06.
Bernama, quoting sources, had earlier reported that Nazifuddin who is Prime
Minister Datuk Seri Najib Razak’s son, is seen to be entering the frayto
thwart a group led by businessmen Teh Soon Seng, over control of Eastland.
According to the report, the two groups would likely battle for control of
Eastland, the jewel in the crown, of which, is the Renaissance Kota Bharu,
the onlyfive-star hotel in Kota Baru, Kelantan.
These rumours come at a time when Eastland is planning a private
placement of shares in the company.
Eastland formerlyknown as FURQAN BUSINESS ORGANISATION [] Bhd,
has appointed M&A Securities Sdn Bhd as the main adviser for the private
placement.
Eastland also said it will sign a joint-venture agreement with Zalam Corp Sdn
Bhd to jointly develop a piece of vacant land in Kota Bharu. Eastland which
owns the land, said Zalam is an "unrelated party".
Hot Stock EA rises 4% on RM59m contract win
Hot Stock EA rises 4% on RM59m contract win
Business & Markets 2013
Written by Kamarul Anw ar of theedgemalaysia.com
Thursday, 11 July 2013 11:27
KUALA LUMPUR (July 11): EA Holdings Bhd extended its gains from
yesterday, after announcing it has clinched a RM59.14 million contract from
Inland Revenue Board of Malaysia (IRB).
At 11:06 am, the shares of the software solutions provider were up by half a
sen or 3.85% at 13.5 sen. A total of 14.79 million shares were transacted
within the 13-14 sen range.
SJ Securities senior remisier Goh Kay Chong told theedgemalaysia.com that
“there is no other reason” for investors to chase after EA Holdings shares
except for the multi-million ringgit government contract.
“The companyis making decent profit unlike other software solutions
providers. Projects also keep coming in,” he said over telephone.
Yesterday, the ACE Market-listed EA Holdings announced to Bursa Malaysia
that its wholly owned subsidiary EASS Sdn Bhd has won a RM59.14 million
contract for the provision of mainframe system upgrade services for the IRB’s
central and secondary data centres.
The company added the contract is expected to be completed within six
months and to be extended for another three years for licensing and
maintaining services.
In its first quarter ended March 31, 2013, EA Holdings earned a net profit of
RM1.5 million on revenue of RM11.3 million. This compares to the previous
year quarter’s net profit of RM2.1 million on the back of RM11.6 million in
revenue.
Business & Markets 2013
Written by Kamarul Anw ar of theedgemalaysia.com
Thursday, 11 July 2013 11:27
KUALA LUMPUR (July 11): EA Holdings Bhd extended its gains from
yesterday, after announcing it has clinched a RM59.14 million contract from
Inland Revenue Board of Malaysia (IRB).
At 11:06 am, the shares of the software solutions provider were up by half a
sen or 3.85% at 13.5 sen. A total of 14.79 million shares were transacted
within the 13-14 sen range.
SJ Securities senior remisier Goh Kay Chong told theedgemalaysia.com that
“there is no other reason” for investors to chase after EA Holdings shares
except for the multi-million ringgit government contract.
“The companyis making decent profit unlike other software solutions
providers. Projects also keep coming in,” he said over telephone.
Yesterday, the ACE Market-listed EA Holdings announced to Bursa Malaysia
that its wholly owned subsidiary EASS Sdn Bhd has won a RM59.14 million
contract for the provision of mainframe system upgrade services for the IRB’s
central and secondary data centres.
The company added the contract is expected to be completed within six
months and to be extended for another three years for licensing and
maintaining services.
In its first quarter ended March 31, 2013, EA Holdings earned a net profit of
RM1.5 million on revenue of RM11.3 million. This compares to the previous
year quarter’s net profit of RM2.1 million on the back of RM11.6 million in
revenue.
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