BBO Value investing Training Programme

BBO Value Investing Training Programme***

🌐International Trainer: Mr. Chua I-Min, CFA

What to cover??
1) Financial Statement Analysis – Is The Company Financially Healthy❔
2) Pricing Analysis – Is The Stocks Cheap/Expensive❔
3) How to Use FREE STOCK SCREENERS available to Sift Out Potential Good Stocks❔
4) Economic Analysis – Time to Buy/Sell Now❔
5) Methodology Investment in REITs
6) Build A Dividend Portfolio for Regular Income
7) Skills Set Require to Search for Growth Stocks
8) Involving in Singapore Stock Market

Fees:-
RM500 - 6 classes, telegram support and joining Value Investing Club
RM300 - Self-study route, telegram support and joining Value Investing Club
RM100 - Specially for students

👉 Financial Statement Analysis - Is the Company Financially Healthy❔
Date: 28 May (Saturday)
Time : 9.30 am to 5 pm
Venue: YMCA, Penang
🚗https://waze.to/lr/hw0zqfdy7x

👉🏼 Discounted Cashflow and How to Use it Effectively
Date: 29 May (Sunday)
Time : 9.30 am to 1pm (Sun)
Venue: Kompleks masyarakat penyayang, Penang
🚙https://waze.to/lr/hw0zqfd292

✔Using Stock Screeners to Screen Out Fundamentally Sound Stocks
Date: 30 July (Saturday)
Time: 9.30 am to 5pm
🏢Venue: YMCA Penang
🚗https://waze.to/lr/hw0zqfdy7x

🔑With the various online platforms, comprehensive stock analysis and selection can now be done efficiently and effectively! In this Training, you will learn how to navigate through a few stock screeners and information online platform to perform stock analysis. After the session, you will be able to sift out fundamentally sound stocks like a professional without spending long hours!

✔Economic Analysis
Date: 31July (Sunday)
Time: 9.30am to 1pm
🏢Venue: Kompleks masyarakat penyayang, Penang
🚙https://waze.to/lr/hw0zqfd292

🔑Will the market go up or down? The million dollar question that all investors want to know! There isn’t a crystal ball that can help us see the future, but we could make educated prediction through understanding the global economic conditions.

In this Training, you will understand key economic concepts and learn the main indicators to look at to assess the health of an economy. With this knowledge, you will have a good sense of the likely market directions!

📲Contact Person: Ms. Bong 0126690620

🏦RHB BANK: 21231200062634
MIVCO CONSULTANCY SERVICES

Additional Notes :
🔹Participants are required to PAY additional RM 30 for venue cost.
🔸Training venue will require participants to SPEND ON FOOD at OWN EXPENSE.
🔹Training materials will be GIVEN FOR FREE.
🔸Participants are allowed to attend all courses offered.
🔹Time and Date of courses are subject to Trainer's availabillity (Details will be informed around 1 month earlier)
🔸If the participant is not able to attend the course, there is no repeat class after that but participant will be given Training Materials.

Hurry Up‼ SEATS are LIMITED, Prior payment and reservation required. First come first serve. No walk ins.

***Note: For Sharing Purpose ONLY***

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.  

FAtTA Stock Picks for 2016

Stock Picks for  2016

GTRONIC (7022)
We expect near-term sentiment on technology stocks to be supported by the continued weakness in MYR/USD, which would further enhance earnings visibility.
Gtronic earnings growth is likely to ride on:
i) resilient demand for existing products,
ii) penetration into new sub-segments on their existing customers’ product portfolios,
iii) a favourable forex environment on top of their sturdy balance sheets.

KSENG (3476)
Its core business of palm oil, are planted in the field of the downstream industry. Company own has few plantations. Besides, the company is also involved in property development and hotel business, it turnover contribution for FY14 were 16.8% & 16.3%
In 9 months, KSENG net profit increased 1.3x as benefit from the strong dollar & the profit taking activities. There are more than 1/3 of the assets distributed at Singapore, HK, Canada and US, which benefited from the depreciation of MYR.

INARI (0166)
Inari's rosy days are expected to continue into this year on the back of capacity & production expansion, soupled with growth expected in the global semiconductor industry.
The short term & long term prospects for company are good due both weaker MYR and ramp-up of testers as its P13 facility in Bayan Lepas which to support its next wave of growth in radio frequency business and able to boost number of testers to 800 by Oct.
We like the company due to its strong balance sheet with a net cash position of RM 206mil which is sufficient to support it's expansion drive.

PADINI (7052)
Padini is a 43-year-old Malaysia-based fashion retailer offering clothing, accessories and shoes under the brands of Padini, Vincci, Seed, Miki, Padini Authentic, P&Co, PDI, etc.
We are positive that the group is able to deliver double-digit earnings growth for FY16, supported by
(1) new store openings which 4 new Padini Concept stores & 4 new Brands Outlet stores to boast company's sales which total gross floor area=117k sq.ft.
(2) strong same-store sales growth (SSSG),  the overall SSSG was up 14% (+7% in FY15), driven mainly by 23% SSSG in Padini Concept Stores (PCS), due to its mix-and-match bundling strategy.
(3) GP margin recovery. Besides, company have RM226m net cash as at 30 Sept 2015.

TAANN (5012)
We believe the company can maintain its momentum in the final quarter driven by stronger USD & improved CPO prices. We see better prospects next year led by positive outlook on the CPO prices & double-digit FFB production growth. Timber and plantation will continue to be the earnings growth drivers for 2016.
i) young age profile,
ii) strong FFB production growth,
iii) exports play for the timber business
iv) attractive dividend yield of 5-6%.

KAREX (5247)
We prefer Karex on the back of its margin expansion from a better product mix and favourable macro-economic factors. The global condom market remains buoyant, with Karex forecasting a 9.1% CAGR in demand over the next 5 years. In particular, Karex highlights the growing tender market demand from the African continent as well as opportunities in China (demand forecasted to grow 60% in 5 years) and India (recent liberalisation of condom ceiling prices).

SPSETIA (8664)
Favor developers with cheap but strategic landbank, strong balance sheet & high unbilled sales. We like SP Setia for its good earnings visibility, with unbilled sales of c.RM10bn. Sales YTD also appears to be on track to meet its RM4bn sales target. The Group has c.4,000 acres landbank with estimated GDV in excess of RM70bn. Main projects in the pipeline include Setia Eco Templer Township, which has estimated GDV of RM1.9bn, Setia EcoHill 2, Semenyih (RM5bn total GDV), Setia Eco Forest, Penang (RM1.1bn total GDV) and Setia Federal Hill, KL (RM8bn total GDV).

KIMHIN (5371)
The new plant will launch in January 2016 which enabled the production of the peninsular M'sia can be increased by 75% to 7 mil sq. m per year and year 2017 will further enhance the production capacity and continue to expand the production line.
As for the plant, the current production capacity can reach 8 mil sq.m, but the next 3 years and gradually reduced to 5 million square meters, mainly because the local prices of liquefied natural gas. It is subsidized peninsular M'sia plant using natural gas pipeline
KIMHIN is currently one of the 3 larger tile business, market share 20%, and strive to reach 25%
Export markets contributed 32% of turnover, it is devalued ringgit beneficiaries.
Company net cash RM 4.3mil.

BJAUTO (5248)
BAuto successfully sustained strong sales growth for Mazda, both in M'sia & Philippines, in 1HFY16. Combined Mazda sales volumes in M'sia & Philippines rose 18% yoy to 10,440 units. Sales volume in Malaysia increased 17% yoy to 7,843 units in 1HFY16, with the CX-5 (3,182 units) and Mazda2 (2,133 units) models posting the highest sales volumes. 1HFY16 sales volume in the Philippines rose by an even higher 24% yoy to 2,301 units, led by Mazda3 (708 units) and Mazda2 (613 units).
The new crossover CX-3 model that it launched in Malaysia on 8 Dec 2015 received very positive response, with around 600 bookings placed before the launch. Other new models in the line-up are the Mazda CX-5 facelift (Jan 2016), Mazda2 diesel (Feb 2016), Mazda6 diesel (Feb 2016), and CX-5 diesel (Feb 2016).
Unchanged model prices should lead to market share gain and highly positive for its earnings outlook in 2016.

TAMBUN (5191)
Tambun is the prime beneficiary as its flagship township development, Pearl City, is 15 minutes away from Batu Kawan, where the Penang Second Bridge ends. After numerous delays, the company finally obtained the advertising permit and developer licence (APDL) in early December to roll out new projects that were initially slated for launch in 1Q15. Tambun is backed by solid balance sheets. Tambun’s property sales to rebound strongly next year given the strong pipeline of projects that will be rolled out after a lacklustre 2015.

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such. 

Summary of 3Q15 Market Outlook & Top Pick

Summary of 3Q15 Market Outlook by Kenanga

The Quater could still be relatively weak due to domestic & external uncertainties:

1. The volatile of MYR
2. Low crude oil prices
3. The 1MDB SAGA
4. Timing & quantum of the US rate hike
5. The potential exit of Greece from EU

Market sell down is more sentiment driven while the underlying buying interest remain lacklustre.
Lowering KLCI target to 1810 while implied 17.9 FY16 PER

The Overweight Sectors as Below:-

• Construction
• Rubber Gloves
• Gaming
• Plastics
• Technology
• Telco
• Water

One of the overweight sector i wish to highlight is PLASTICS due to solid earnings growth &
strengthening USD.

• Export play on strengthening USD. Positive for plastics manufacturers revenue due to high contribution from USD exports. Biggest winner is SLP.
• Stable oil prices should retain margins. we believe sharp increase in oil price is unlikely for now as OPEC will not cut output. Current oil price implying net margin of 11%-13% for consumer packaging & 3-6% for industrial packaging.

TOP PICK is SLP on;

1. stronger sales demand from Japan 
2. beneficiary of a strengthening USD rate 
3. improved net margins to 11.3%-13.6% in FY15-16E due to full year contributions capacity expansions, and downstream services.

SLP through its 2 wholly-owned subsidiaries namely Sinliplas Holding SB & Sinliplas SB has come a long way since its inception in 1989. From modest beginnings as a manufacturer of ice-tube plastic packaging for the domestic market, the Group has grown to become a niche manufacturer for over 1,000 plastic packaging products for international markets including Japan, Norway, UK, Australia, Denmark & Germany and other emerging countries such as Indonesia & Thailand.

The Group successfully developed a ’world-first’ “antibacterial sleeve” to be used as a cover for door handles. This R&D project has been undertaken in collaboration with the US counerpart. In aid of increasing public hygiene, minimising cross contamination and promoting the image of a clean & healthy environment. The anti bacteria sleeves finally being commercialised in Europe and US after years of development.

The Group also newly developed newspaper wrapper to be the first to tap into Japan’s highly demanding auto packaging market.

SLP's product consistency & customer-oriented focus have made us a leading producer of high-quality plastic packaging bags and films for the industrial, household, retail, food & beverages, health care & chemical sectors.

Maxinflax-Bags capacity expansion of 1.8k MT p.a. by 3Q15 is on track, with capacity set at 24,000 MT p.a by end-FY15 and FY16 (MaxInflax will comprise of 38% of the total capacity). This demand is driven by a Japanese customer (Askul Corporation) who operates an online retailer of office products. So far, 2 of the 10 Max Inflax auto packaging machines are being tested, while remaining machines, which also include 6 blown film lines, and 6 bag making lines, are coming on-stream in 3Q15. This is on schedule and is already reflected into our FY15- 16E numbers. So that expect the 1,800 MT p.a. capacity to contribute an additional RM7.0m-RM17.0m (3.8%-8.2%) to FY15-16E revenues.

New machinery to increase automation, allowing for more cost savings. The new machinery for MaxInflax is meant to increase automation, minimizing the workforce by 20 working staff for the end line packing division, which can be deployed to other areas.

This will allow management to improve on cost savings going forward due to less reliance on labor and increased efficiency. So far, margins have improved from single digit 5.7%-9.9% throughout FY14, to 10.8% in 1Q15 on better sales mix and lower finance cost. Once the new lines and automation are up to full speed, we expect net margins to improve to 11.3%-13.6% in FY15-16E, which is far superior compared to industrial packaging peers of 3.5%-4.5% or other consumer packaging peers of 6.8%- 11.5%.

New machinery focussing on increased automation will also minimize labor cost and promote efficiency. SLP’s prospect is also bright as the strengthening USD will continue to benefit topline as its export sales are USD denominated. We also like the fact that the group is constantly looking to value add via niche products specifications for clients and providing more downstream services in the medium to long-term.


The target price of SLP given by Kenanga is 1.76

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.