tag:blogger.com,1999:blog-17708300.post3295781490222293593..comments2023-10-25T21:25:46.183+08:00Comments on Where is Ze Moola: So How Now?Unknownnoreply@blogger.comBlogger119125tag:blogger.com,1999:blog-17708300.post-75852489702480936442011-08-29T16:16:07.669+08:002011-08-29T16:16:07.669+08:00Ur team in blue looks so strong.
I sked. :PUr team in blue looks so strong.<br /><br />I sked. :PMoolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-38647222530396452782011-08-29T15:58:31.976+08:002011-08-29T15:58:31.976+08:00rain la.. my ass throw wont workrain la.. my ass throw wont workrandomhttps://www.blogger.com/profile/17124201255380812495noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-59110613837286678802011-08-29T14:33:13.383+08:002011-08-29T14:33:13.383+08:00I know... you were busy singing Blue Moon.I know... you were busy singing Blue Moon.Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-49749700538911061702011-08-29T14:20:52.959+08:002011-08-29T14:20:52.959+08:008-2!!! FUYOH.. too bad raining I missed it :(
Any...8-2!!! FUYOH.. too bad raining I missed it :(<br /><br />Anyway FYI the 20% rate increase is the last one before the anti cartel law kicks in Jan 1 ROFLrandomhttps://www.blogger.com/profile/17124201255380812495noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-52559038907595718322011-08-29T10:12:50.094+08:002011-08-29T10:12:50.094+08:00lolzzz ... you are welcome and do enjoy your holid...lolzzz ... you are welcome and do enjoy your holidays.Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-37817953129588084262011-08-29T10:05:49.468+08:002011-08-29T10:05:49.468+08:00Moolah,
Sorry for being such a kambing and thanks ...Moolah,<br />Sorry for being such a kambing and thanks for you input.Happy holidays!newbiehttps://www.blogger.com/profile/11662943720662588117noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-81195862037489600782011-08-29T09:57:31.163+08:002011-08-29T09:57:31.163+08:00LOL!
No wonder I felt like a lembu and a kambing...LOL! <br /><br />No wonder I felt like a lembu and a kambing talk for a while.<br /><br />TGuan is Thong Guan Industries.<br /><br />Used to be pretty good but had a bad slump in 2007 and 2008. (iim high oil prices had a negative impact on its material costs)<br /><br />Recently financials had improved the past 2 years.Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-71182728184805916762011-08-29T09:38:44.190+08:002011-08-29T09:38:44.190+08:00Hi,Moolah,
Sorry,but I was referring to TGUAN,not ...Hi,Moolah,<br />Sorry,but I was referring to TGUAN,not TECGUAN.My fetish with all things GUANs have got you confused!!Ha,ha.It's alright.You've got a lot on your plate already.It's also a very 'cold' counter.Do have an enjoyable holidays ahead.<br />P/s.All these highly 'geared' companies,maybe they are all dreaming of life on the fast lane or the forthcoming F1!!newbiehttps://www.blogger.com/profile/11662943720662588117noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-57552036204134055022011-08-29T08:55:32.978+08:002011-08-29T08:55:32.978+08:00clicked publish accidently. :P
anyway... I wrote....clicked publish accidently. :P<br /><br />anyway... I wrote... <br /><br />ps: not suggesting anything but just sharing some fact... cos if I were to say TASCO is a lousy stock... TASCO fans would simply shaft the stock chart into me face. Same with Yinson. <br /><br />Err... i think u know what I mean la... and again thanks for your second opinion.Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-37732999054472826472011-08-29T08:53:06.852+08:002011-08-29T08:53:06.852+08:00TQ for comments, random. :)
Was waiting for other...TQ for comments, random. :)<br /><br />Was waiting for others to have their say... i guess not<br /><br />"Yes the the rates were hiked 20% but how many customers actually pay for the pay hike lol."<br /><br />Now that's very interesting to know.<br /><br />==> Quote: There are better stocks out there, why bother with these?<br /><br />==> Oh yes, indeed. There's always a better stock but not trying to be hard seller of the sector but I am not sure if you are aware of the fact that some of these logistics stocks have done really, really well.<br /><br />Check out the yearly charts of TASCO and Yinson. Compare it versus KLSE.<br /><br />They have done rather well, yes?<br /><br />ps: not suggesting anything but just sharing some fact.Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-74458613929704314202011-08-28T17:48:32.337+08:002011-08-28T17:48:32.337+08:00There are better stocks to buy than logistic stock...There are better stocks to buy than logistic stocks lol.<br /><br />Tasco has tie up with NYK thats why they get alot of japanese contracts<br /><br />Yes the the rates were hiked 20% but how many customers actually pay for the pay hike lol.<br /><br />This biz has high capex low entry barrier low margin<br /><br />Conclusion: There are better stocks out there, why bother with these?randomhttps://www.blogger.com/profile/17124201255380812495noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-70019654577560353772011-08-28T13:20:47.111+08:002011-08-28T13:20:47.111+08:00Moolah,
I do not like Yinson because its business ...Moolah,<br />I do not like Yinson because its business is more towards transportation and involved very high gearing. High gearing is risky especially for this kind of business of low margin of about3%. Negative cash flows. However, with the foray into oil and gas handling business (in Vietnam?), its fortune may change for the better, I don't know. Century's balance sheet is ok with total debt to equity ratio of about 0.3. It will be much better when warrant holders convert to Century shares, which dilution has taken into considerations in my comparison. Other logistic companies such as Integrated Logistic, Harbour Link etc, I think they are far off in performance.K Chttps://www.blogger.com/profile/02986490115485764028noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-41139871507669870612011-08-28T12:16:24.940+08:002011-08-28T12:16:24.940+08:00Hehe.. I need to correct you...
it was Ronnie tha...Hehe.. I need to correct you...<br /><br />it was Ronnie that posted that message. lolzzz ... <br /><br />err... i think some sort of diversification is interesting for these companies.<br /><br />For example.<br /><br />Tasco other biz is the warehousing biz. Lucrative when mixed with logistics and if not mistaken one of its big customers is Panasonic. ( and iinm.. them big screen TVs helped sales and Tasco managed to profit a bit). Safety but also a risk is Tasco main shareholder. Its a big time Jap co but then the risk is it could face a GO threat.<br /><br />A dark horse could be Yinson. Potential? Its current numbers shows strong growth and that its currently venturing big time into O&G. Risk? A below average balance sheet (there's a rights issue announced) but the biggest thing is that one has to stomach the RPTs within the company.<br /><br />Century? I think its balance sheet is less than impressive.<br /><br />And what about others like ILB or Konsortium Logistiks?<br /><br />Oh.. and a potential booster is that I recalled that recently the sector was given permission to hike the haulage rates.Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-55028600488522906122011-08-28T10:03:49.520+08:002011-08-28T10:03:49.520+08:00Moolah, Random, Appended below are ttm results of ...Moolah, Random, Appended below are ttm results of three logistic companies. all of them are doing well.<br />Freight Tasco Century <br />Price 1.03 1.50 1.67<br />ROE 17.7% 12.5% 17.0%<br />Net Profit Margin 6.7% 5.9% 14.9%<br />EPS 0.162 0.274 0.259<br />PE 6.4 5.5 6.5<br />EV 163372 147909 184418<br />EV/Ebit 6.3 4.1 4.5<br />Numbers for Century are adjusted for warrants and cash proceeds.<br />It looks like Century may be a better bargain as its ROE is slightly lower than Freight but price wise is considerably cheaper. Tasco is the cheapest one but its margin and ROE are not as good.K Chttps://www.blogger.com/profile/02986490115485764028noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-88507909732431372652011-08-28T08:56:24.588+08:002011-08-28T08:56:24.588+08:00Solomon: Regarding PMI. Do read posting: http://cg...Solomon: Regarding PMI. Do read posting: <a href="http://cgmalaysia.blogspot.com/2011/08/pmi-sad-story-for-minority-shareholders.html" rel="nofollow">http://cgmalaysia.blogspot.com/2011/08/pmi-sad-story-for-minority-shareholders.html</a>Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-91287403356647531552011-08-28T08:35:33.491+08:002011-08-28T08:35:33.491+08:00Ah.. that's interesting. Thanks for sharing. O...Ah.. that's interesting. Thanks for sharing. One of the few that's interested in the logistics/transport business. FM is certainly an interesting pick. :)Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-77745793855829278602011-08-28T00:40:35.842+08:002011-08-28T00:40:35.842+08:00Freight Management is my pick for the decade. Net ...Freight Management is my pick for the decade. Net profit after tax has been growing at about 16% over the past 6 years. The business model is bullet-proof. Logistic business with low capes requirements. PER of less than 10x; attractive dividend yield of 3-4% consistently.<br /><br />A third of it's business comes from other ASEAN countries and expected to grow further. Management/major shareholders are honest as per track record since listing.ronniehttps://www.blogger.com/profile/03219031790630173221noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-65365167819282961352011-08-27T22:32:25.366+08:002011-08-27T22:32:25.366+08:00No interaction with the management wor, what you t...No interaction with the management wor, what you think is good management???....<br /><br />==>> Well.. for Perdana case, my thinking is simple. <br /><br />How did the company get 'here' in the first place? If I am to believe a turnaround is to happen, I would want to know if it's the same old management running things. If it's the same.. well.. I wouldn't want to bet on them.<br /><br />My wish for national days?<br /><br />I want to see better Malaysian families.<br /><br />:)<br /><br />If Malaysia is to improve, the improvement has to come from within. We need to be better persons. Malaysians now too rude, lack of respect, too impatient, too selfish and also arrogant.<br /><br />For me, I think the change needs to come from each family first. Build a better family and then only can the country improve.Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-21785213100801156422011-08-27T17:09:36.014+08:002011-08-27T17:09:36.014+08:00No interaction with the management wor, what you t...No interaction with the management wor, what you think is good management??? How we know there are bad??? Low profit and deteriorating sales... I just dream one day if I am steering the ship, I would not be the bad captain.<br /><br />The problem we are facing might be we are lack of activist fund like The Children fund or billionaire like ICAhn that <br />could pressure the company not to bully the minority. MSWG....what u think?<br /><br />PS: what is your wish for the country national day??solomonhttps://www.blogger.com/profile/15373632232861592746noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-56435177480418884072011-08-27T16:57:56.304+08:002011-08-27T16:57:56.304+08:00Parent holding privatize the cash cow or good earn...Parent holding privatize the cash cow or good earning listed subsidiary. Mmmh...make sense but minority get bullied if the offer price is at the low end. No rule to prohibit that, what la SC or Bursa??<br /><br />==> Well if there was a rule to prohibit that I wouldn't have this blog, yes?<br /><br />With a privatisation possibility, ultimately it puts a limit or cap on how much one can make in the stock, yes? All the holding company needs to do is to offer a simple 20% premium over trading price and the public seems happy.<br /><br />And sadly the public doesn't complain that much.<br /><br />Take Maxis, delisting and relisting. Maxis was taken private at a really cheap price and when they relist, they relist without the prize asset. <br /><br />Yeah.. this Maxis and old Maxis not the same.<br /><br />ps: A good sales team enough? A sales team is just a sales team and with a poor management, the sales team ain't goona go far and last long.<br /><br />:PMoolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-33544011584604710762011-08-27T16:44:45.586+08:002011-08-27T16:44:45.586+08:00Parent holding privatize the cash cow or good earn...Parent holding privatize the cash cow or good earning listed subsidiary. Mmmh...make sense but minority get bullied if the offer price is at the low end. No rule to prohibit that, what la SC or Bursa??<br /><br />MUIIND case, the other way round, parent PMIIND get privatized....then what say u???<br /><br />Perdana.....need good sales team to ram up the sales...just like Izzit for perisai....it is just a dream to have Hassan Merican to be inboard...solomonhttps://www.blogger.com/profile/15373632232861592746noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-27010104826862315272011-08-27T16:07:41.679+08:002011-08-27T16:07:41.679+08:00Hey, did anyone ask you which stock(s) are you tal...Hey, did anyone ask you which stock(s) are you talking about ? Moolah likes wor!!Go find out !!!Mun Waihttps://www.blogger.com/profile/14878942945456628527noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-17416631542734593032011-08-27T10:39:56.465+08:002011-08-27T10:39:56.465+08:00ps: I do like the cow and the moon.
:)ps: I do like the cow and the moon.<br /><br />:)Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-27984423735966360032011-08-27T09:55:25.028+08:002011-08-27T09:55:25.028+08:00newbie: eh?
How about TGUAN?Does it fit your turn...newbie: eh?<br /><br />How about TGUAN?Does it fit your turnaround criteria?<br /><br />I believe I wrote this earlier:<br /><br /><i><br />As it is, perhaps you could call it a <b>turnaround theme</b> ... cos the company's most recent 2 quarters earnings was boosted greatly by its palm oil kernel business.... which incredibly, its palm oil biz had taken over its cocoa/chocolate business as the main revenue/earning generator for the company.</i><br /><br />As you can see, palm oil kernel biz is now contributing more to its bottom line. Does this means a shift in its core biz? If it is then one is looking at a <b>possible turnaround theme</b>.<br /><br />And again back to what I stated earlier.<br /><br /><i>Share base is smallish and as you are aware, its not easy buying and selling this stock in the market.</i><br /><br />Did you see what happened the past few days? Did the buy/sell queue even change? <br /><br />And again on the issue of buying and selling the stock. If I wanted to buy the stock, what I pay 20 bids higher for this stock? And the quantity available was small too! How to accumulate such stock?<br />And also, if I was selling and assuming a real life emergency happens and I am forced to liquidate my position and assume I have 30k worth of the stock to dispose, how could I dispose when there is not enough buyers on queue? Do I sell until buyers show up?<br /><br />And then... if ... indeed it is reclassified as a palm oil stock, how could it attract interest? Won't the stock be forced to comparisons against other palm oil stocks? Look at some of the palm oil stocks generating interest such as Kretam, BLDPlant, TSH, SOP, Splant. How much money are they making per quarter? Compare it to Tecguan. Tecgquan as impressive as it is, is only having net profit below 5 mil. And then the look at the buy/sell issue. How?<br /><br />And oh yeah.. as said Tecquan share base is extremely smallish.<br /><br />And the old school of thought, back to the days of the second board, such small shares flew to the moon. And from this perspective, some could be interested.<br /><br />And last but not least I am sure you are well aware of the small float issue. The major shareholders (ie top 30 shareholders) already hold close to 85% of the shares.Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-41141508399626315462011-08-27T09:28:27.327+08:002011-08-27T09:28:27.327+08:00Dear Moolah,
How about TGUAN?Does it fit your turn...Dear Moolah,<br />How about TGUAN?Does it fit your turnaround criteria?Seems most of the packaging companies are reporting very good earnings and lots of take over rumours surrounding these companies.First HPI was taken private,then rumours about MUDA,now there are even some hush hush going around about ORNA.So what's your valued opinion about the industry as a whole?<br />Thanks in advance.newbiehttps://www.blogger.com/profile/11662943720662588117noreply@blogger.com