Pos Malaysia To See 2 Billion In PROFITS???

On Business Times:

• DRB-HICOM sees RM2b Pos profit
  Published: 2012/01/11
  :
  DRB-HICOM has identified 17 areas of new businesses that can be tapped through Pos Malaysia including collaborating with Bank Muamalat Malaysia
  
  KUALA LUMPUR: DRB-HICOM Bhd expects Pos Malaysia Bhd to generate RM2 billion in earnings by 2015, said DRB HICOM's managing director Datuk Seri Mohd Khamil Jamil.
  
  DRB HICOM owns 32.27 per cent of Pos Malaysia, the country's largest postal company. It acquired the stake from Khazanah Nasional late last year for RM622.79 million or RM3.60 per share.
  
  For the year ended December 31 2010, Pos Malaysia earned RM1.01 billion in sales, while pre-tax profit stood at RM99.06 million. Up to the nine months ended September 30 2011, Pos Malaysia's revenue stood at RM883.98 million, while pre-tax profit came in at RM128.55 million.
  Mohd Khamil said that DRB- HICOM had identified 17 areas of new businesses that can be tapped through Pos Malaysia including collaborating with Bank Muamalat Malaysia Bhd.
  
  "The management of Pos Malaysia had put forward more than 39 points of its transformation plans," Mohd Khamil said, noting that Pos Malaysia had 39 points of transformation plan before it was handed over and after being acquired.
  
  Moving forward, DRB-HICOM plans to take Pos Malaysia to the next level of growth despite the postal business being a sunset industry. Worldwide, postal businesses have slowed down as people are moving away from traditional postal mail.
  
  "The margin to improve is tremendous if we concentrate on courier services," he said noting that courier services have about RM1.6 billion worth of business to tap on.

2 Billion in profits????

OMG!

Here we go again... the sound good news!

Would You Bet On XiDeLang (XDL) ???

On the 4th Jan, the EdgeMalaysia highlighted the following article: Xidelang hits six-month high

• ... There were no new filings for substantial shareholding changes at press time.
  
  Ding Peng Peng, its co-founder, managing director and CEO, owned 54.55% of the company as at May 3, 2011.
  
  At yesterday's close of 37.5 sen, there is a 14.7% upside potential to the 43 sen apiece that Mercury Securities said the stock was worth in a note dated Nov 25, 2011.
  
  Notably, Xidelang's unaudited net asset per share stood at 72.72 sen as at Sept 30, 2011, up from 56.14 sen as at Sept 30, 2010.
  
  Xidelang, which recently got shareholders' mandate to buy back its shares from the open market, sold its shares for 63 sen apiece at its IPO on Nov 11, 2009.
  The low valuations accorded by the market had sparked rumours that its major shareholder may take the company private, one source said. This could not be immediately confirmed at press time....

One source... said major shareholder MAY TAKE THE COMPANY PRIVATE!

All it takes is just one source.... and the stock flew up, up and awayyyyyy!!!

Nice eh?

Just one source. Don't care who the source is lah. It could be tea lady. The toilet cleaner. The car jockey. It's just one source and don't bother about finding out who that one source is lah. The EdgeMalaysia would not reveal their source.

So who cares, yes?

The stock flew!

The next day on BusinessTimes: Decisive year for Xidelang

• His company’s profit has been soaring over the past three financial years only for the shares to keep heading south.
  
  “It is a bit frustrating ... the investment community tells me that this has a lot to do with perception of being a mainland China company,” Ding, who is also the managing director of the company, told Business Times in an interview.
• “Ever since then, mainland companies have been painted in one brush. Look, Xidelang is not a fly by night company. We have been here three years, been profitable and have been building on a dividend track record,” said Ding.

Then in mid afternoon, the EdgeMalaysia came out with this piece: Navis Cap keen to buy Hong Peng's stake in Xidelang

• Navis Cap keen to buy Hong Peng's stake in Xidelang Written by Joseph Chin of theedgemalaysia.com
  Thursday, 05 January 2012 15:10
  
  KUALA LUMPUR (Jan 5): XiDeLang Holdings Ltd (XDL) says Navis Capital has approached the former's major shareholder Hong Peng International Holdings Ltd to acquire its stake.
  It said on Thursday that 'Navis Capital had indicated their intention to acquire the entire shareholdings of Hong Peng in XDL during an informal discussion'.
  
  Trading in the shares of XDL was voluntarily suspended from 2.30pm to 3.30pm following the announcement.
  According to filings to Bursa Malaysia, the British Virgin Islands' registered Hong Peng owns 240 million XDL shares or 60% as at Nov 11, 2009.
  
  XDL share price was up one sen to 37.5 sen before trading was suspended

And the next morning, BTimes followed it up: Navis makes offer for major stake in Xidelang - Business Times

• Xidelang, China’s second second largest maker of running and skateboard shoes, is some 54.6 per cent owned by HongPeng International Holdings Ltd.
  
  HongPeng in turn is controlled by Mark Ding Peng Peng, who is also the managing director of Xidelang.
  
  Analysts said Navis’ plan to buy out HongPeng’s entire shareholding in XDL would trigger a mandatory general offer as its shareholding would breach the 33 per cent level.
  
  “The likely outcome will be the new owners taking the company private,” Mercury Securities Sdn Bhd head of research, Edmund Tham, told Business Times.
  
  Tham believed that Navis might offer between 60 sen and 90 sen apiece for the shares it did not already own in the company.
  
  “It is obvious that Ding is looking to exit the company as he is disappointed with the performance on the local bourse but he may strike a deal with Navis to stay on the board,” Tham said.
  
  In a filing to Bursa Malaysia yesterday, XDL said Navis had indicated its intention during an informal discussion with HongPeng International....

Yeah.. it is so obvious that Ding is frustrated with the stock performance on Bursa Malaysia... but ... the announcement just mentioned Navis intention during an INFORMAL discussion with HongPeng International...

Just an informal discussion hor... err... correct me if I am wrong.... but this is like a coffee shop chit chat isn't it?

INFORMAL discussion hor...

But yet XDL decided that it was improtant to announce it ....

The SunDaily also carried this 'NEWS' ... XiDeLang confirms takeover interest

With such 'news', the stock had a WILD trading day!

It opened higher at 38 sen (previous day closing price was 36.5 sen). The stock soared to 44.5 sen but soon plummeted to close the day lower at 35.5 sen!!!

Did the market realise that all the hoo-ha was based on an INFORMAL discussion? And yeah, no price was even mentioned!

Star Biz wrote on XDL the next day: XiDeLang: Navis showed interest in 55% stake

• ... Its announcement was in response to a news article published in a local Chinese daily which stated that Navis Capital was interested to acquire XiDeLang shares.
  
  “There was no discussion on Navis Capital's offer price during the informal discussion,” it added.

The local Chinese daily mentioned was Nanyang Press.

Getting fuzzy?

Yeah, XDL had to make another announcement yesterday evening on Bursa website: OTHERS

Some 'interesting facts'  mentioned in that announcement. (Thanks TK for your comments! )

• XDL, after having made due and diligent enquiry with our major shareholder, namely HongPeng International Holdings Ltd (“HongPeng”) and the Board of Directors, wishes to inform that the discussions between Navis Capital and HongPeng held during October and November of last year were solely exploratory in nature and there was no offer being made or a price range indicated by Navis Capital.
  These exploratory discussions were discontinued in late November 2011.

The so called talks were made during Oct and Nov 2011!!!!!!!!!!!!!

What??? What??? What????

Them talks happened few months ago?????

Huh????

Like this also can?

So what's the idea to highlight this issue to the media?

To stir fry the stock???????

Gee!!!

And the next statement obviously blew everybody's mind!!!

• XIDELANG Holdings Limited's largest shareholder, Hong Peng International Holdings Ltd, has no intention of selling its stake in the shoe producer

WTH!!!!

HongPeng doesn't even have the intention to sell its stake in XDL!!!!

So what on earth were all the 'news' for?

Stir fry the stock, is it????

And then on Business Times this morning....

• Xidelang board to meet over Navis' buyout offer
  
  By Francis Fernandez Published: 2012/01/10
  
  XIDELANG Holdings Ltd's board is expected to meet tomorrow to discuss the approach made by private equity firm Navis Capital to buy out the company's major stakeholder.
  
  Xidelang, China's second largest maker of running and skateboard shoes, is 54.6-per cent owned by HongPeng International Holdings Ltd.
  
  HongPeng is in turn controlled by Mark Ding Peng Peng, who is also the managing director of Xidelang.
  
  Days before Xidelang had informed the stock exchange of the offer from Navis, Ding had told Business Times that he was frustrated with the lacklustre performance of the company on the stock exchange.
  Xidelang is the third China-based company to be listed on Bursa Malaysia. Its share price had fallen by as much as 35 per cent last year.
  
  Up to the nine months ended September 30, 2011, Xidelang's pre-tax profit stood at RM84.52 million, while for the 12 months of 2010, Xidelang's pre-tax profit stood at RM106.78 million.
  
  Additinally, Xidelang also has about RM134 million in cash while its book value per share comes in at just under 60 sen.
  "Ding will reject the offer from Navis, and instead put in a rival proposal to create liquidity in the market place," a person familiar with the company said yesterday.
  
  The proposal, which Ding plans to table to the board, calls for the company to reward its shareholders.
  
  "It will be a script-based reward exercise," said the source.
  
  As such, Ding will likely propose that Xidelang understake a bonus issue and a warrant exercise so that shareholders who did not directly benefit from Xidelang's growing business will be rewarded in the market place.
  
  As it stands, Xidelang is the only mainland-based company which has a consistent dividend policy in place.
  
  Xidelang paid out a 1.5 sen dividend in 2010 and a one sen dividend the following year, giving shareholders a 12-month dividend yield of 2.63 per cent a year.
  
  Navis, run by former executives of Boston Consulting Group, manages about US$3 billion(RM9.3 billion) in equity capital and is believed to want to take Xidelang private.
  
  It also plans to group Xidelang with other shoe makers from China and list them as one entity on the Hong Kong Stock Exchange.

Sigh!

And so Mr. Ding feels so frustrated about the lousy stock performance from XDL.

I wonder why.

Yeah, if you open the announcement: Quarterly rpt on consolidated results for the financial period ended 30/9/2011, you would see that XDL have 136.5 million cash but its borrowing now totals 47.170 million!

Compare these figures to that posting I made on XDL last July 2011: Regarding XDL. Back then XDL had 98.3 million cash and loans of 19.3 million.

XDL's financial has weakened despite the strong earnings it announced.

And the issue mentioned in the posting Regarding XDL remains.

So XDL said it has so much money.

But yet despite having so much money, I CANNOT UNDERSTAND why XDL's cost of financing is more than its interest it gets for its cash deposits! Cash 136.5 million woh. Borrowings 47.1 million woh! So why XDL has financial costs of 905 thousand for the that quarter, while its interests received is only 315 thousand?

From The Edge Malaysia: UEM Land's Target Price Is ....

UEM Land's closing price yesterday was 2.28.

And then I saw this stange article from the EdgeMalaysia. It said HDBSVR sees upside for UEM Land and the TP is rm 2.30!

I went... huh????

UEM Land last traded at 2.28 woh...

TP at 2.30???

Is HDBSVR going bonkers??? Or is the EdgeMalaysia goofing up?

Here's the article: http://www.theedgemalaysia.com/business-news/198913-hdbsvr-sees-upside-for-uem-land-tp-rm230.html

• HDBSVR sees upside for UEM Land, TP RM2.30
  Written by theedgemalaysia.com
  Friday, 06 January 2012 09:11
  
  KUALA LUMPUR (Jan 6): Hwang DBS Vickers Research (HDBSVR) sees the successful talks between the governments of Malaysia and Singapore as a strong boost to the prospects of Iskandar Malaysia.
  
  The research house said on Friday that Iskandar Malaysia is expected to reach its tipping point in 2012 following the completion of key catalyst developments and infrastructure improvements.
  
  The industrial cooperation work group may serve as a springboard for more investments from Singapore into Iskandar Malaysia which has received RM77.8 billion worth of committed investments as at Dec 2011.
  
  HDBSVR said UEM Land will be the largest beneficiary of improving Malaysia-Singapore ties given that it is the largest landowner in Iskandar Malaysia with 11,000 acres in Nusajaya.
  
  UEM Land is also the project manager for the M+S Pte Ltd developments (S$11bn) in Singapore. Assuming project management fee of 3% of GDV and a 50% share, it could boost UEM Land’s RNAV by an additional 1.3% or 5 sen/share.
  
  “Maintain Hold call for UEM Land with RM2.30 TP, based on 40% discount to RNAV of RM3.82,” it said.

Ahh... the last line.... “Maintain Hold call for UEM Land with RM2.30 TP, based on 40% discount to RNAV of RM3.82,”

!!!!!

Another Fine Mess From OSK Research?

A brand New Year and a brand NEW MESS from OSK Research?

Well, just in case you need to know, I am NOT a fan of OSK Research at all. It's well documented on this site, the reasons why I reckon they are simply way below par. (for example do read: QC And The Research Reports or past postings

This morning, I noted this stunning snippet from Business Times: It’s OSK Research, not MCIL   (do note, that BTimes link is not a permanent link! )

• It’s OSK Research, not MCIL
  
  Published: 2012/01/04
  
  KUALA LUMPUR: Our report published on January 3 headlined “MCIL: Payout ratio of 60pc for next two years”, should quote OSK Research and not Media Chinese International Ltd (MCIL).
  
  MCIL has clarified that it has not at any time released any statement which forms the basis of the article.
  
  “We have also not given any statement stating that among others, we will be incorporating a payout ratio of 60 per cent for the next two years nor have we given any opinion on the exchange rate for USD into RM,” the company said in a statement.

So I decided to check Btimes 6 day's archive for yesterday's article: http://www.btimes.com.my/Current_News/BTIMES/6days_html?myday=Tuesday

That article could not be found. Googled it. I got this not working link: Media Chinese Int'l: Payout ratio of 60pc for next two years

But luckily I got a copy of that article. Business Times wrote the following:

• Media Chinese Int'l: Payout ratio of 60pc for next two years
  
  Published: 2012/01/03
  
  KUALA LUMPUR: Media Chinese International Ltd (MCIL) sees that its dividend surprises are likely to go forward to right-size the group's balance sheet.
  
  MCIL said it is incorporating a payout ratio of 60 per cent for the next two years, which translates into a decent yield of more than five per cent per year.
  
  MCIL was formed by the merger of Sin Chew Media Corp Bhd, Nanyang Press Holdings Bhd and Hong Kong-based Ming Pao Enterprise Corp Ltd.
  
  It emerged with four core daily publications in Malaysia, which are Sin Chew, Nanyang, China Press, and Guang Ming.
  
  MCIL came off a stellar 2011 with a nine-month advertising and expenditure (adex) growth of 10.4 per cent year-on-year.
  
  It saw a positive momentum spilling over to 2012, with adex likely to close at two times its 2012 gross domestic product growth forecast of 5.2 per cent.
  
  "It is expected to be boosted by upcoming major adex-friendly events such as the national snap polls and Euro 2012 in the middle of the year," MCIL said in a statement last week.
  
  Newspaper remains the largest advertising medium with more than 50 per cent share of total adex.
  
  Newsprint makes up more than 40 per cent of MCIL's financial year 2011 operating costs.
  
  It said that in the event of a sharp spike in newsprint prices, the negative impact would be partially mitigated by continuous weakness in the US dollar against the ringgit for which it is targeting to close the year at RM3 per US dollar compared with RM3.15 currently.

That was what Business Times wrote!

• MCIL said it is incorporating a payout ratio of 60 per cent for the next two years

Now interestingly, the Sun Business carried the following article on 1st Jan 2012: MCIL is OSK's top pick in media sector ( I know, I know... it's sounding like a circus.... he says she says he says... )

• MCIL is OSK’s top pick in media sector
  Posted on 1 January 2012 - 08:18pm
  
  PETALING JAYA (Jan 1, 2012): Media Chinese International (MCIL) is OSK Research's top pick in the media sector, supported by its strong management, sturdy 2012 advertising expenditure (adex) growth and its near-monopoly of the Chinese daily space in the country.
  
  The research house has maintained its buy call on MCIL at RM1.27, with an unchanged fair value of RM1.47 based on 13 times CY12 price/earnings ratio.
  
  "In view of the volatile global equity markets, we believe MCIL would also appeal to risk-averse investors given its decent dividend yield and relatively defensive earnings," it said in a report.
  
  For the first nine months of 2011, Malaysia's adex grew 10.4% year-on-year and the momentum is expected to spill over to 2012, with adex likely to close at two times OSK's 2012 GDP growth forecast of 5.2%.
  
  "It is expected to be boosted by upcoming major adex-friendly events such as the national snap polls and Euro 2012 in the middle of the year. Newspapers remain the largest advertising medium with more than 50% share of total adex. We believe that MCIL could again emerge as a key beneficiary, bolstered by its stranglehold in the Chinese daily segment as its adex share approaches a new high of 75%," OSK said.
  
  With over 40% of its FY11 operating costs coming from newsprint, MCIL is expected to benefit from newsprint prices that are likely to hover at the current US$600-650 per tonne in 2012, given worries over the global economy and Europe's deepening sovereign debt crisis.
  
  "In the event of a sharp spike in newsprint prices, which we believe is unlikely at this point of time, the negative impact would be partially mitigated by continued weakness in the USD against RM, for which we are targeting to close the year at 3.0 compared with 3.15 currently," said OSK.
  
  As of Q1 FY03/12, MCIL was sitting on a net cash hoard of RM370 million, representing 15% of its current market capitalisation. OSK said the group is a cash cow in the making with its strong cash generation of an estimated RM320 million a year.
  
  "And given its minimal annual capital expenditure of RM30 million, we believe that dividend surprises are likely, going forward, to right-size the group's balance sheet. We are incorporating a payout ratio of 60% for the next two years, which translates into a decent yield of more than 5% per annum," it added.
  MCIL is the result of a mega-merger involving Sin Chew and Nanyang, with Hong Kong's Ming Pao. Today, it has four core daily publications in Malaysia namely Sin Chew, Nanyang, China Press and Guang Ming, one in Hong Kong under the Ming Pao brand, and a few magazine titles as well as a Hong Kong travel business.
  
  The group's core Malaysian operations still contribute a significant 85% of group EBIT given its near-monopoly of Chinese daily publications, with the lion's share of 85% of the market.
  

Hmm.. and so for once (gulped) ... I would not fault OSK Research here. They have stated their reasoning ( ... but.. but... one could also start arguing the validity of OSK's reasoning, given the fact that MCIL had disputed this 60% payout assumption!!! ) and the Sun reported it as it is wheres Business Times just zoomed in to the juicy part and highlighted it!!!

Just to make it more interesting... the EdgeMalaysia reported the following yesterday evening. Media Chinese Intl director sells 400000 shares

• Media Chinese Intl director sells 400,000 shares
  KUALA LUMPUR (Jan 3): MEDIA CHINESE INTERNATIONAL LTd director Tiong Kiew Chiong disposed of 400,000 shares in the open market on Dec 30.
  A filing to Bursa Malaysia on Tuesday showed he disposed of the shares, representing 0.03%, for RM1.19 a share.
  After the disposal of the stake, Tiong’s stake was reduced to 3.607 million shares

Where Would You Keep Your Money For 2012?

How?

Me?

How about some jewellery, like gold and diamonds. Me? I like them bling-bling stuff like diamonds. Could diamonds be a cow best friend?

I like stocks but I do think stock selection, as always, is very important. Any ideas? Me? I can only say that one should watch out for companies with high debts denominated in USD. We had recently seen these companies' earnings hurt by the stronger USD and with the USD remaining stubbornly strong, I do reckon that these companies would continue to face such difficulties.

Feedbacks and suggestions most welcomed.

Happy 2012 once again.

Cheers

Here's to 2012

Stay healthy and have a blessed and happy new year!!

Here's another of my favourite.....

And According To Dunno What Sources, Box-Pak Will.....

According to the UNKNOWN sources, a DEAL is BELIEVED to happen....

The share soars on the news.

Company denies the story. Share plunges.

Rinse... Wash... and REPEAT!

Yeah, babe.... nothing wrong here... just our local singing out these market sources songs.... and the market dances to the tune....

Very fun... and who knows.... who is making and who is losing money out of such spins.

Another day.... in our local stock market.

Check this out: Box-Pak awakened by possible takeover? (from the Edge Malaysia)

• Box-Pak awakened by possible takeover?
  Thursday 29 December 2011
  
  KUALA LUMPUR: Shares of usually sleepy paper box and carton-maker Box-Pak (M) Bhd gained over a third in two days to hit its highest in 14 years yesterday, even as industry sources speak of a potential acquirer.
  
  Tokyo and Osaka-listed Oji Paper Co Ltd (Japan), Japan’s largest paper company by sales, is believed to be the offeror, market sources said.
  
  Box-Pak officials were not available for comment at press time.
  
  Adding 37 sen or 17.6% to close at its day-high of RM2.47 yesterday, Box-Pak gained 33.5% in the two days after the Christmas weekend. The 2.81 million Box-Pak shares that changed hands yesterday were roughly 10 times the 30-day average volume of 284,950 shares and 100 times its five-year daily average volume of 26,700 shares.
  
  Market watchers see Oji Paper — which has bought three Malaysian paper-related companies since 2010 — Genting Sanyen Industrial Paper, United Kotak Bhd, and HPI Resources Bhd — as a likely suitor for Box-Pak.
  
  An offer may come through its wholly-owned Malaysian arm, Oji Paper Asia Sdn Bhd (OPA), the investment holding vehicle that acquired both United Kotak and HPI Resources, one source said.
  
  To recap, Oji Paper in March last year bought 100% of Genting Sanyen Industrial Paper, a paper and packaging company that was formerly part of the Genting group, from private equity firm CVC Asia Pacific for an undisclosed amount.
  
  December last year, OPA acquired United Kotak for RM1.40 per share at 10.9 times price- earnings ratio (PER) and one times price-to-book value (P/BV). In June this year, OPA offered RM4.40 per share for HPI Resources, which translates to 1.48 times book and 8.82 times earnings.
  
  In comparison, Box-Pak’s closing price of RM2.47 yesterday values the company at 9.98 times PER and 1.32 times P/BV. Net assets per share stood at RM1.87 as at Sept 30.
  
  According to Box-Pak’s FY10 annual report, Kian Joo Can Factory Bhd is its largest shareholder with a 54.83% stake, followed by Amanahraya Trustees Bhd with 5.16%. Kian Joo’s shares rose five sen or 2.42% to RM2.12 yesterday, up 31.4% year-to-date.
  
  OPA did not appear to hold any shares in Box-Pak at the time of writing.
  
  OPA’s conditional takeover offer for United Kotak came on Oct 12 last year, but not before the latter’s share price rose 66.6% from an average price of 73 sen in June 2010 to RM1.22 by Sept 30. Similarly, HPI Resources’ share price jumped 27.18% from RM3.09 to RM3.93 in one week leading up to OPA’s offer on June 15.
  
  Notably, though, a July 13 report by The Edge Financial Daily that paper milling and packaging firm, Muda Holdings Bhd, could be Oji Paper’s next takeover target, was denied by Muda the same day.

The stock soars.... but ..... a DENIAL is issued. (article from Business Times)

• Box-Pak shares soar on talk of privatisation
  
  By Zaidi Isham Ismail Published: 2011/12/29
  
  Kian Joo Can Factory Bhd is planning to privatise subsidiary Box-Pak (Malaysia) Bhd under a multimillion ringgit deal that will involve certain Japanese firms, sources say.
  
  Kian Joo would pay RM3.20 a share for the remaining shares it does not own in its profitable corrugated carton boxes manufacturing unit, they said.
  
  Meanwhile, Box-Pak shares were the second top gainer on Bursa Malaysia yesterday. The stock soared 37 sen to close at RM2.47 with 2.81 million shares traded. At RM2.47, its market capitalisation stood at RM148.26 million.
  
  Year-to-date, Box-Pak has gained 107.56 per cent or RM1.28, with a low of RM1.09 on March 16 this year. Kian Joo Can owns 32.91 million shares, or a 54.83 per cent stake, in Box-Pak. Another single largest shareholder is Amanah Saham Bumiputera Bhdwith 3.1 million shares or a 5.16 per cent stake.
  
  The sources said Kian Joo Can had hired Maybank Investment Bank Bhd to handle the privatisation deal. Kian Joo Can executive director Datuk Anthony See Teow Guan, when contacted yesterday, denied that it was planning such privatisation.
  
  “No, there’s no truth in it. I don’t know who spread the rumours,” said See, who is also managing director of Box-Pak.
  
  Besides corrugated carton boxes, Box-Pak also manufactures and sells die-cut trays, wrap-around cartons, Point of Purchase (POP) and paper palette for use in the packaging industry.
  
  The company was incorporated in December 1974 and listed on the local bourse on July 18 1996. Box-Pak nearly doubled its net profit in the first nine months ended September 30 2011 to RM10.35 million, from RM5.79 million net profit a year ago.
  
  The company attributed the improved profit to higher revenue and better production efficiency. Group revenue rose to RM178.39 million during the period, up from RM134.73 million previously..

The stock of course..... plunges..... (article from Star Biz today)

• Friday December 30, 2011
  Box-Pak plunges on denial
  By CHOONG EN HAN
  
  PETALING JAYA: Box-Pak (M) Bhd's shares plunged 24 sen, or 9.7%, to RM2.23 after its parent Kian Joo Can Factory Bhd refuted media reports that a potential privatisation involving its subsidiary might be on the table.
  Shares of the paper box and carton maker reached an intra-day high of RM2.65 in the first trading session and pared its gains in the second session to reach a low of RM2.21 after Kian Joo's denial, with 5.35 million shares traded. Box-Pok was second on yesterday's list of top losers.
  
  In their filings with Bursa Malaysia, both Kian Joo and Box-Pak said they were not aware of any formal discussions concerning the privatisation of Box-Pak.
  
  Kian Joo also refuted allegations that it has hired any investment bank in relation to the said exercise.
  
  A report citing unnamed sources said Kian Joo would pay RM3.20 a share for the remaining shares it does not own to privatise Box-Pak, with the involvement of a Japanese firm.
  
  Kian Joo owns 54.83% of Box-Pak, followed by Amanahraya Trustees Bhd with a 5.16% stake.
  
  Meanwhile, another report speculated that Tokyo and Osaka-listed Oji Paper Co Ltd is believed to be a potential offerer to acquire Box-Pak.
  
  “As far as we know, nothing is happening yet. The only guidance from Japan's Oji is that they will not stop buying assets in Malaysia when the opportunity presents itself,” an industry source said.
  
  Oji Paper was founded in Japan in 1873 as Shoshi Kaisha and was renamed Oji Paper in 1893. Its core business includes the sale of pulp, paper and paperboard such as newsprint, printing and writing papers, speciality papers, container boards and box boards.
  
  In July, it was speculated that Oji Paper is interested in acquiring paper milling and packaging firm Muda Holdings Bhd, which was denied by the company on the same day.
  
  Over the past two years, Oji Paper has been on a shopping spree, snapping up several Malaysian paper-related companies Genting Sanyen Industrial Paper, United Kotak Bhd and HPI Resources Bhd.
  
  Notably, Oji Paper took over packaging product maker HPI Resources in June for RM258mil while it bought into corrugated carton maker United Kotak for RM63mil in February.

There!

Told you so!

Told you so that the stock market game is sooooooooooooo fun!

Making Money The Easy Way Via Envair Holdings

From the Edge. http://www.theedgemalaysia.com/business-news/198283-envair-holdings-active-down-in-afternoon-session.html

• Envair Holdings active, down in afternoon session
  Written by the edgemalaysia
  Thursday 22, December 2011
  
  KUALA LUMPUR (Dec 22): ENVAIR HOLDING BHD [] shares were actively traded and fell on Thursday after Carpet Raya Sdn Bhd director Deepak Jaikishan ceased to be a substantial shareholder in the loss-making company.
  
  At 2.50pm, Envair fell four sen to 28 sen with 13.96 million shares done.
  
  A filing with Bursa Malaysia on Dec 21 showed that Deepak had disposed six million Envair shares in the open market on Dec 14.
  
  Deepak had emerged as a substantial shareholder in Envair after he acquired a 5.06% equity interest or six million shares in Envair in a direct deal on Dec 2.

Let's see. On 2nd Dec, he purchased the shares at a price of 22 sen.

( refer Notice of Interest Sub. S-hldr (29A) - Deepak Jaikishan )

On the 14 December, Envair was trading between 34 sen and 38 sen!


Wanna try calculate the cool profits?


How cool is this?

Now consider this also...

On 6 December 2011: Jaikishan buys 5.06% stake in Envair for RM1.32mil

•  ............ Envair told Bursa Malaysia that the 39-year old supplier of carpets recently in the news for his link to controversial statutory declarations had bought the six million shares at 22 sen apiece last Friday.
  
  Envair last saw a Chinese national, Jiang Chuan Yi, selling off his entire stake of 6.75% in the company less than a month after acquiring it on Nov 1.
  The sale was done via open market transactions at an undisclosed price.
  
  Envair's stock had surged in early October from 11 sen to 40 sen in early November, just before the company unveiled its plans to move into the oil and gas industry by supplying two million barrels of light crude oil monthly for 60 months to a China-based company, An Hong Shenzhen.
  The deal surprised analysts who questioned then how a little-known loss-making company could secure such a huge deal from a Chinese party.
  
  Envair shares ended 2.5 sen higher to 31.5 sen yesterday.
  
  The rapid exit of Jiang remains a concern in light of Jaikishan's recent purchase of the 5.06% block in Envair........

On the same day. the following article was published: Carpet Raya’s Deepak surfaces in Envair.

On the 10th December, the following was published: Envair gets support letter for financing

• ........ Jaikishan did not divulge from whom he purchased his block of shares, saying only: “I took it as an opportunity to come in on the cheap.”
  In an interview with StarBizWeek, Jaikishan, whose family is in the business of carpet trading and property investment, said he bought into Envair based on the company's foray into the oil and gas industry.
  
  “Right now, that's the only reason it is exciting,” he said.
  
  While declining to comment on the profits his personal businesses generated, the 39-year-old businessman said he would like to contribute in terms of finance to Envair.
  
  “But I also want to take an active role in Envair's business. I've met some of its (substantial) shareholders,” he said.
  
  According to Jaikishan, Envair is expected to call for a shareholders' meeting soon to seek his appointment to the board.
  
  He also said he was in discussions to further increase his stake in the company.
  
  “I bought one million shares two to three days ago and another one million today (yesterday) off the market,” he said.
  
  Mohd Anuar declined to elaborate when asked about the emergence of Jaikishan in Envair.
  
  “Yes, I know him,” he said, adding that he (Anuar) himself had no stake in the firm.
  
  For the third quarter ended Sept 30, Envair had a net loss of RM900,000 against a net loss of RM1.29mil a year earlier.
  
  The stock ended 0.5 sen up at 27 sen yesterday.

Incredible eh? First a Chineseman and now a carpet seller! ( Wonder what's next? A Kway Teoh Seller? )

So on 10 December Deepak tells everyone his bullish views on Star Biz, one of our national newspaper but then on the 14 December, he sold all the shares!!!!!!

And this my friends, is how to make money in our stock market the easy way!