^V^
Still remember i said Mahsing is one of d cheapest property stocks besides Plenitude n Metrokajang ?
Comparison of all d 3
Fund Manager favourite :- Mahsing yes , Plenitude no , Metro kajang no
High profile Mahsing yes , Plenitude no , Metro kajang no
Liquidity Mahsing yes , Plenitude no , Metro kajang no
Never too late to know it >>
A CONSORTIUM of Middle East and Malaysian blue-chip institutional and individual investors is eyeing a strategic stake in established property developer Mah Sing Group Bhd, sources said yesterday.
The local, Abu Dhabi and Kuwait investors are the ones who have been steadily purchasing real estate in Malaysia and investing in the property boom in the country in recent months.
"They are eyeing a strategic stake in Mah Sing to complete part of the Middle East-Southeast Asia property value chain," one source told Business Times.
"Partnering with the current major shareholders and management of Mah Sing will likely be the vehicle of choice for the investors' Southeast Asian expansion plans.
"This is especially due to its strong cash balances, low gearing, solid management and good track record. Mah Sing, with its financial muscle and niche offerings, is of strong appeal to the consortium of investors," the source added.
The sources declined to identify the potential investors in the consortium and Mah Sing officials were unavailable for comment.
Mah Sing's share price closed at RM1.71 on Bursa Malaysia yesterday.
The sources said the company was currently trading at an attractive valuation and the consortium was likely to enter into an equal partnership in buying a strategic stake in the developer.
The current controlling shareholder Datuk Seri Leong Hoy Kam, with 40 per cent stake, would continue to maintain a controlling stake in the firm and retain management control, they added.
Institutional investors such as Capital Group International Inc and Koperasi Permodalan Felda are other stakeholders with holdings of 9.7 and 8.6 per cent respectively in the company.
The deal would likely vary from the manner in which Middle East investors recently bought into construction firm, Putrajaya Perdana, and water works company Loh & Loh Corp Bhd.
In Putrajaya Perdana and Loh & Loh, the Middle East investors together with local investors took control of the companies by buying major stakes in both of them, triggering a general offer.
Mah Sing is an established developer with 14 projects spread across the Klang Valley, Kuala Lumpur, Penang and Johor Baru.
It is one of the few local Malaysian developers who have received international awards such as the International Property Award 2007 in association with CNBC in London for its Damansara Legenda project in Petaling Jaya.
The latest investor interest in Mah Sing follows moves by investors from Abu Dhabi institutions such as Mubadala Development Company and Aldar, along with Kuwait Finance House and others to pour billions of ringgit to purchase land in the Iskandar Development Region in Johor and elsewhere.
Prominent individual investors from the Gulf and Malaysia also secured controlling stakes in companies such as Putrajaya Perdana and Loh and Loh, both companies with healthy cash piles and negligible debt, to enhance their bids for Malaysian, Abu Dhabi and Kuwait projects.
"With the potential tie-up of the consortium of investors in Mah Sing, the company's ability to grow further locally, regionally and in the Middle East is set to be very good," said the source.
Based on its closing price of RM1.71 yesterday, Mah Sing is currently traded at a prospective price earnings ratio of nine times and seven times for financial years 2008 and 2009 respectively, analysts said.
Mah Sing is traded at a deep 40 per cent discount to its revised net asset value of RM2.86 as estimated by Macquarie Research.
Deutsche Bank (target price of RM3.02), CIMB (target price of RM3.00), Aseambankers (target price of RM3.00) and SJ Securities (target price of RM3.15) have all placed a buy on Mah Sing stock.
The company has a dividend policy of 40 per cent of net profit as dividends for the 2007 financial year.
The group's market capitalisation has doubled to over RM1billion to date from RM511 million as at end 2006
***
Most of d analysts given fair value of 3.00+-, mine is around 2.50+ , too conservative ? aiyahhh.. 80cts gain is good enough already, dont forget we still have masteel & Rcecap profit in hand ^V^
What u need to do is "Patience"
68 comments:
Sam, this is why people respected you, you said it before they do, absolutely first class $_$
Cheers mahsing !
Well done sam ! mind to add me in yr mailing list ?
romd@osk.com.my
me too sam, tq
purch@tm.net.my
Sam, read your PCK joke, very funny oh.
Got other jokes huh?
sorry, forgot to click on e-mail follow up.
Philip, 2 more here >> enjoy yrself ^V^
The great Samy Vellu announced today:
"Saya syukur angkasawan kita telah meninggal dunia 10 hari, kini selamat dikebumi"
Samy Vellu ditemuramah tentang program angkasawan negara.
Samy: "...Bagi saya, ini semua adalah satu pembaziran atas duit rakyat.
Kita sepatutnya tidak hantar mereka ke bulan, tapi hantar mereka pergi
matahari. Barulah USA , Russia , respect sama kita...."
Penemuramah: Tapi Dato' Seri, matahari kan panas. Macam mana mau pergi
sana ?
Samy: Cit! itu pasal la u tara jadi mintri. Saya suda lebey 30 tahun
jadi mintri, saya musti ada jalan penyelesaian. Kita jangan pergi siang,
manyak panas. kita pigi malam, baru ada sujuuuuuk......
Title: Young and pretty lady wishes to marry a rich guy. Fantastic reply from a financial person
A young and pretty lady posted this on a popular forum:
Title: What should I do to marry a rich guy?
I'm going to be honest of what I'm going to say here. I'm 25 this year. I'm very pretty, have style and good taste. I wish to marry a guy with $500k annual salary or above. You might say that I'm greedy, but an annual salary of $1M is considered only as middle class in New York . My requirement is not high. Is there anyone in this forum who has an income of $500k annual salary? Are you all married? I wanted to ask: what should I do to marry rich persons like you? Among those I've dated, the richest is $250k annual income, and it seems that this is my upper limit. If someone is going to move into high cost residential area on the west of New York City Garden ( ? ) , $250k annual income is not enough.
I'm here humbly to ask a few questions:
1) Where do most rich bachelors hang out? (Please list down the names and addresses of bars, restaurant, gym)
2) Which age group should I target?
3) Why most wives of the riches is only average-looking? I've met a few girls who doesn't have looks and are not interesting, but they are able to marry rich guys
4) How do you decide who can be your wife, and who can only be your girlfriend? (my target now is to get married)
Ms. Pretty
Here's a reply from a Wall Street Financial guy:
Dear Ms. Pretty,
I have read your post with great interest. Guess there are lots of girls out there who have similar questions like yours. Please allow me to analyze your situation as a professional investor. My annual income is more than $500k, which meets your requirement, so I hope everyone believes that I'm not wasting time here.
From the standpoint of a business person, it is a bad decision to marry you. The answer is very simple, so let me explain. Put the details aside, what you're trying to do is an exchange of "beauty" and "money": Person A provides beauty, and Person B pays for it, fair and square. However, there's a deadly problem here, your beauty will fade, but my money will not be gone without any good reason. The fact is, my income might increase from year to year, but you can't be prettier year after year. Hence from the viewpoint of economics, I am an appreciation asset, and you are a depreciation asset. It's not just normal depreciation, but exponential depreciation. If that is your only asset, your value will be much worried 10 years later
By the terms we use in Wall Street, every trading has a position, dating with you is also a "trading position". If the trade value dropped we will sell it and it is not a good idea to keep it for long term – same goes with the marriage that you wanted. It might be cruel to say this, but in order to make a wiser decision any assets with great depreciation value will be sold or "leased". Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you. I would advice that you forget looking for any clues to marry a rich guy. And by the way, you could make yourself to become a rich person with $500k annual income. This has better chance than finding a rich fool.
Hope this reply helps. If you are interested in "leasing" services, do contact me
signed, J.P . Morgan
Bro Sam,
This is why we would very much like you to continue your postings even after 1Q2008, appropriately to your investing/trading frequency.
Why don't you put out a poll at the sidebar with 3 options : (a) Samgoss to continue blogging after 1Q2008; (b) Samgoss can stop blogging after 1Q2008; (c) no comment & don't care. We can all take a vote. Each IP address should be allow to vote once only.
You know which option I will vote hahaha. Keep up this excellent investment sharing community.
From the 2u guy. Cheers Bro.
ya , i agreed with you 2u guy. let us vote , uncle sam , you know my option too ..have a nice day !!
from silent reader
wow , very interesting story about young pretty wishes .. silent reader
Mahsing perform quite well today despite KLSE dropped 10points. So does my MPHB ^_^
i choose option (a)
Well done sam !
Timing is the matter. Watchout Kinstel too. Another jewel :-)
Mind to add me in ur mailing list?
wlleong83@yahoo.com
Well done sam !
Timing is the matter. Watchout Kinstel too. Another jewel :-)
Mind to add me in ur mailing list?
wlleong83@yahoo.com
Sam, If I had come across your website earlier I would not be holding a chunk of useless counters. Many thanks to your recomendations. I am still in deep 'shit'. I hope you would add me to your mailing list. Thanking in advance. My e-mail thomaslim18@yahoo.com
sam, u seem 2 hav changed yr style a bit, anyway, good chinese indian idol & gd jokes.
yr tp for mahsing might b 2 high, 2.20 sudah cukup loh..
we caught d wrong lion, lionind rose 0.19 2day... hope liondiv will do d same 2morrow... cheers
any new counters 2 watch ??
sifu sam crest builder in Btimes haha... later by 2 weeks :) kudos to u for such far sightedness
$ifu $am
x have enough bullet to buy mah sing but manage to catch liondiv & lionind. i can fell the $$$ is coming in.
A million tq
Ha ha.. a very interesting story.
i also vote for (A)
Pls continue ur blog so that all of us can get some pocket $$
dear pro, i have been following your site for quite awhile. your FA makes good common sense in all aspects.Hope u will continue sharing your splendid work. We know its a ( FOC for readers)learning programe.Your unselfish act alone has gain many points. You have such a big heart,and thats why you are well rewarded. pls add me to your mailing list yytingandy@yahoo.com Thanks again. from yy.
sam, yr oilcorp flying today, i know u have disposed them all, but i am still keeping some @ cost of 1.28. ha ha
tqvm.
hello bypasser,, really feel happy for u though i hold nothing in oilcorp. keep it.. will surely come$$$ oilcorp is one of d cheapest ONG stock besides APB. vol increased..must be good news coming.
Bros.. reasons why i swap my oilcorp to others is bcos of my fund management. I need to keep my shares vs cash below d alert line, i cant over explore my fund in such a volatile mkt ^V^
Ha ha no choice..
Anyway, there r still plenty of value stocks for u to grap.. i will list it down later..their's qe will be announced by this month, u take a look n make yr own decision ^V^
I cant buy them all due to risk management factor, .. u pick yrself ^V^
lunch time.. c u later ^V^
hi Uncle Sam, can please add me to your mailing list? thanks
seagull3176@yahoo.com
Sam, need to seek your comment on the DPS right issue (RM0.5) and free warrant (RM0.54 ex price). Prices are so close to the current share price, seems like "没看头"
samgoss,
are you the same samgoss from the old forum@osk188 days?
i think that was something like 2003/2004?
sam, i am in d same boat as u, i sold all my oilcorp@1.34 last 2 weeks ago, in exchg 4 liondiv, anyway we will make some $$$ from other counters.
we still hav mahsing.. hahaha
Tailow, trust me ! this kiddy lion will difinitely roar again $$$$$ once mkt recover , cant managed to add in @1.95 coz came in late, one bugger hit d lamp post causing heavy jam in Ho Men tian road ! anyway, it is ok to me, i hv bought back 30 lots at avg 1.97 ^V^
as for mahsing , ha ha c c sure it will cross 2.00 in near term ! My TP is around 2.30+-, if u still holding MAhsing, keep it !
lots of my counters will soon get their qe report by this month, confidently i will says, 90% of them will produce something above mkt expectation esp masteel !
doubt ? just wait n see, gtg 4 meeting now..see u guys in d afternoon.
Hi master, can share with us what are the basic of fundamental analysis we should look into it? I believe alot of ppl are willing to learn from this.. mind to add me in your mailing list? Plz......
ahow@hotmail.com
hi bro sam, 1st time read yr blog. Damn impressive. Mind to add me in yr ym? bennu_ckh thanks
Wanna ask u all yr research were based on fundamentals only? Do u use any technical analysis? thanks
Last question is do u think its a beginning of a bull market? Heavy volume lately indicate the market is building its base for a big bull?
Yr reply will be much appreciated...
Do u use any techical analySHIT? Ben, thanks for giving me an opportunity to tembak technical analySHITT again !ha ha
Once again, Shut up lah ! i tell u no technical analySHIT !! ( still remember d cute india from RK house said : shut up lah i tell u no "Pork " )ha ha
Blood n sweat money, refer to my previous posting if u want to know more about FA.
wah?! why there are so many "ben" around? My this "ben" support only FA. Really have to make myself clear before being misunderstood. ^_^
Uncle Sam ,did u swap all ur Plenitude(11 lots) to Liondiv ?.Bcos Plenitude is going to pay dividens this few weeks.So is still ok to swap. Pls give advise.TQVM.
someone asked me about dps right issue, well, if u still remember my glomac's right issue which profited u >1,000 per lot if u subscribed to d right issue, same will goes to dps, go for it !
I took my profit on both dps n plenitude ( loss on brokage ) for swap to liondiv at avg 1.97, plenitude not worth for holding ? of course NO ! i swap is bcos of risk management which i need to put my cash vs shares in healthy position ^V^
I think Liondiv will profit me faster than plenitudebased on its volume n momemtum .
as for mahsing, masteel engtex n rcecap, their qe will be announced real soon, highly confident ! wont be suprise its qe will go far above my expectation ^V^
dps may not giving u >1.00 profit as glomac did, but to make >20% or more form dps is highly possible.
Ben, dont worry, whichever ben that talking about TA wont change my perception on u, even if u r d one whose did d posting, it is still ok to me, i welcome u guys to try d technical analySHIT yrself , u will know how shit it going to be, try it if u doubt^V^
sun tze art of law said :- is better to hv more friends rather than having lots of enemies,but why still I hantam kow kow on TA buggers ? what can i benefit from that ? d reason is bcoz I want u ppl esp newbies to minimise yr stock market learning fees ! adopt d right method , stock mkt is for investment not for gambling !
If u hv a son, which method u prefer to be adopted by yr son ? investor or gambler ?
I hv proven to u guys d beauty of FA since first day of blogging, u see it with yr own eyes, still not convincing enough ? ask yrself, why most of my picks striked ? it is bcoz i see d value of FA!
hv u ever ask yrself, why ttb from icapital, old investsmart, Pb mutual fund can be so successful ? hv u ever seen them using TA for their stock picks ? if u can show me they r using TA for their picks, I will get lost n go to fly kite immediately ! anybody ?
U think I am very good in shares investment ? u think I am smarter than u guys ? to be very frank, I am not ! I am smart bcos i know which method to use for my shares investment, as simple as that !
Well, I think I should stop critic technical analySHIT from now onwards,enough is enough ! is yr choice to choose whether u want to be millionaire or millionSHIT !
Like d cute indian from RK house said :- SHOUT UP LAH, I TELL U NO PORK ! Samgoss said :-SHUT UP LAH< I TELL U NO TECHNICAL ANALYshit !
Someone asked me : r u samgoss from osk forum ?
Chinese saying :- sit dont change sur name, walk dont change name !
Yes I am ! still remember Samgoss liondiv @1.02 vs Chinyk Mutiara @0.85 ?
Right chinyk n d gang ?
In Malaysia poor chinese & indians subsidize 7% discount to rich malay buy bangalow. Doesn't make any sense. http://www.malaysiakini.com/letters/74838
Dear Uncle Sam,
i wonder y ppl always blaim others for their mistakes. the purpose of this blog is for those who do not know how to invest in the share market and merely acted as an opinion to the public. the disclaimer is posted at the begining of the page. y all those fools always complaining of sam? no one ask them to follow at gun point. i really cannot understand y...
Hi all, just to share and comment if I’m wrong.
Yesterday i have meet with one of the CIMB senior corporate financier and DIGI senior Procurement what he hints out that look for DIGI share
If the DIGI share go below 23.00 is a good buy and the target price for the share is 28.00-30.00.
As you all know now the government wanted to merge the DIGI and TIMECOM (is ongoing)-- Another germs?
Dear samgoss, I need your professional view on gpacket, I bought this stock at 4.18 based on blogger 's recommendation 4 months ago, this stock down like nobody biz from the day I bought, it is now 2.56, should I chop or hold ? would like to seek for your views, if your answer is chop, which stock should i buy in ?
I know is my mistake , I blame nobody but myself. Fyi, I have vomit out all the profit that I made last year by choosing gpacket as my bigger holding in my portfolio! Sam please give me some advice , please !
may god bless you, million thanks.
$ifu $am, hv u read 2day's Finance section of Sin Chew Daily? Hong Kong's billionaire Lee Kah Seng had disposed most of his shares lately considering that d high risk of d HK share market so as Warren Buffet in US. It seems like ur "$ifus" r 1 step ahead of u, so if most of d investors r following Lee in HK n W Buffet in US, i think M'sian should follow u instead. Coz 3 of u hv d same "Attitude" in share market!
Let me share v u d "mathematics of Life" If A-Z is equal to 1-26, which mean A=1, B=2, C=3 n so on,"Luck"=47% "Patience"=73%"Knowledge"=96% "Hard Work"=98% n "Attitude"=100%!
Interesting? So never try ur "Luck" in Share market but follow d 1 who has d right "Attitude" in Share market won't b wrong!
I'm also a GPacket victim due to reading analyst report. Even recently the report said target price RM 4.65. They're too optimistic. Sigh.
Hi Sam
My first visit to your blog.
Hope u r able to include me in yr
mailing list.
Thank you in advance and have a profitable day.
sunny_3368@yahoo.com
Hey, MPHB going to privatise Magnum as what I was expected... ^_^ but too bad I already sold it at 2.4 .... :{
Benjamin, well done ! dont be so greedy lah,,, almost 60 cts untung from MPHB..dah cukup lah.. cant u see there r ppl losing like hell out there ?
Take a look at mahsing.. real real soon ! up 2cts despite KLCI down for 10 points, not bad not bad ^V^
neo & gpacket vicitm, i have commentted on gpacket in my previous posting, someone is shouting like hell out there for his gpacket losses, I dont want to get involve in this issue, otherwise, ppl will says i am putting salt on ppl's wound !
d only thing i can say is :-
do u know why we need to study history ? those days, i asked myself, why should we need to study something which already happened, no matter how, we cant change d results n history ! why why ?
u want to know why ? i tell u why !
History = track records, thru history, we know what is wrong n what is right !
If u r a boss, n u want to select yr right hand man, how to choose one from yr staff if not going thru their history n track records !??
know how Deng xiao Peng choose his successor Wu jin tao ? if not based on wu's excellent performance in tibet , how did Deng Xiao Peng know Wu is capable ?
All d above come to one key words = PROVEN TRACKS RECORDS !
Follow those ppl who can produce proven track records like icapital, Pbmutual fund n investssmart ! they hv said b4 hand calls n most of them delivered! , that's what u want !
If someone telling u how good he was , how superb he is, how much $$$he made without giving u say b4 hand calls, why should u follow him ? Talk is free !
If benjamin come to tell u he sold MPHB at 2.40 without any pre-buy call posting , do u believe him ? I will definitely not ! I believed him bcos he said it b4 hand !
DOnt follow blindly, observe yrself ! u will know who & what to follow !
forgot to mention this guy > samksgoh from osk forum, he has proven track records also ! he said it b4 hand !
He put there , how much he bought date n time also ! still remember his opus ?
observe yrself, those guys who always claimed how good they r, they hv never post their buy b4 hand calls, how much they enter, when they enter ? what stocks they r holding currently ?
observe yrself !
Hi, for those who're gpacket victim, feel sorry for all of you. Anyway one of my friend he work for gpacket in financial dept, becos of the Wimax poor result around the world. so whoever dump $$ into this area who're loser kind of news and also bad qtr earning report for gpacket. Anyway what his advise as soon u chop and u still have chance.
Brother Sam, thanks for your advice once again.
Thanks for your compliment Sam. In fact I only managed to entered MPHB at RM1.97. But anyway, 40cents profit is good enough also lah. 知足长乐!
I think we may reenter Bjcopr again at RM1 because after magnum being privatised, Bjtoto is the only "empat ekor" share in KLSE already. For sure ppl will go for it just like how ppl go for Digi after Maxis was privatised by AK. Beside that, Vincent Tan is currently having 49.88% of BJtoto similar to what MPHB holdings in Magnum. Somemore he bought in substantial stake in BJtoto lately too.
But these are all mere speculative, risk level are close to ppl speculate gpacket to be taken over by Digi. ^_^ What I am trying to say here is, don't simply follow ppl just as what they said unless you have Margin of Safety (some realised profit from other counters). So, I will go for BJcorp at RM1-RM1.1. Tailow, want to join the party?
One more thing. Like what Sam always saying "Patience" is the most valuable "attitude" towards investing. If I am patient enough to hold MPHB a little while longer, I am able to enjoy the profit which I deserve.
So for those who are still holding DPS, Masteel, Onastel and so on, be patient ...
sam, if u think that mahsing is a gem, what about melati? lower PE than mahsing but track record wise, not as good since its only listed not so long ago.
what about melati? from what i see, PE is even lower than MAHSING, just that it doesnt have a proven track record since it just got listed not so long ago. any comments on the counter?
Hi Sam, this is surely a good blog that i log in everyday! Please include me in your mailing list. Thanks!
james0915@gmail.com
Hi Sam,
I'm new here. Been following ur news quite some time. This is the 1st time I post here. Sam, you did mention Mahsing, Masteel, Rcecap & engtex qe result will be very good. What about Keladi and Skpres? Bcos I saw not much movement. Thanks, sam.
ben, no problem 2 join yr party cos i hav made some profit from bjcorp last mth, so nothing to lose,..
but i might not hav so much bullet now cos i hav just followed Sam, 10lots liond@ 2.xx, bought 50lots of liond@1.96+, and 30lots rcecap @0.91
i need to find some cash now...., maybe sell my bayswater condo???
Ben, based on your analysis, after the magnum is privatised and everyone tend to buy in more for bjtoto, why don we go for bjtoto? besides that, the FA of bjtoto also nt bad..i was planning to enter some as long term hold, and is that ok?any comment?
Hello Anny, I think you should post the question to Sam because this is his blog. ^_^
I am just one of his follower.
Tailow, maybe you can utilised your BMW reserve. ^_^
But seriously speaking, I am quite worry about the coming recession but I will still invest "considerable" amt in Bjcorp because she is my lucky counter. ^_^
Brotherhood of Vincent Tan bought in 1.5mil of Bjcorp today. Maybe something fishy going to be announced or maybe he just want to get some pocket money on the dividend (ex 28 Nov). ^_^
liondiv fell down sharply. any comment?
Sam, should we average down since the price is 10% off my previous purchase price?
$ifu $am, market seems 2 b volatile, anyway bought 6 lots Liondiv @ 1.75 hoping that it won't go down further.
Also, China Open starting 2molo so Relax abitlah...
Hi Sam, what u doing recently? this blog seems colorless without ur comment..Cheers everyone..have a nice day...
MPHB only offered RM3.45 to acquire existing magnum shares which I think is too low and not attractive enough. MPHB may face another turn down by shareholders unless it able to exercise mandatory offer.
Liondiv is at RM1.8 already, Sam should we accumulate further or shold wait for the market consolidation?
sifu sam .. eng tex :) pahang water deal :) how ur view on dgate
What’s on the table
Kelvin Goh, CFA + 60 (3) 2084-9699 – kelvin.goh@cimb.com
Mah Sing 3QFY07 in line – Raising the bar with new benchmarks
Mah Sing’s results were in line with expectations as 9M net profit made up 76% of our fullyear estimate and 77% of consensus. Yesterday, the group announced the sale of the second wing of Icon Tun Razak and the en bloc sale of Icon Mont’ Kiara for RM561m, setting new pricing benchmarks and boosting unbilled sales to RM1.1bn, the highest under our coverage. We have raised FY07-09 net profit estimates by 1-14% to factor in the disposals and have also upped our target price from RM3.00 to RM3.80 after rolling it
forward to end-08 and basing on the average sector CY09 P/E of 13-14x. The stock remains a BUY and is now our top pick in the sector. Re-rating catalysts include 1) more
value-enhancing land bank acquisitions, 2) further significant en bloc sales and 3)
accelerating earnings growth.
Post a Comment