STOCK TO WATCH (26/10/10)

PERWAJA

Building the first concentration and pelletising plant to produce iron ore pellets in Malaysia at a cost of RM201.54 million in Kemaman, Terengganu.

CURRENT PRICE = RM1.15 (up 4 sen)

PLUS

UEM Group Bhd and the Employees Provident Fund (EPF) extend the acceptance deadline of the Offer Letter to acquire PLUS Expressways Bhd from 5pm on Oct 29, 2010 to 5pm on Nov 9 this year.

PLUS said the offer would immediately lapse at 5pm on November 9 unless UEM and EPF agree in writing to extend the offer period.

On Oct 15, PLUS received an offer from UEM and the EPF as joint offerors to acquire all its business and undertakings , including assets and liabilities for RM23 billion or RM4.60 per share cash.

CURRENT PRICE = RM4.35 (up 3 sen)

GLOMAC

acquiring 18 units of apartments at the Suria Stonor Condominium project for RM38.41 million.

Glomac unit Berapit Pertiwi Sdn Bhd had agreed to the acquisition with Dekad Darat Sdn Bhd and Progressive Berg Sdn Bhd as it viewed the apartments had an excellent investment opportunity with strong potential for quick turnaround.

CURRENT PRICE = RM1.62 (up 2 sen)

MTD

MTD Capital resumes trading after it was suspended from 9.45am on Monday at the company’s request pending a material announcement.

The company said the material announcement was on the official judgment from the Supreme Court of Philippines pertaining to the Temporary Restraining Order (TRO) on South Luzon Toll Expressway (SLEx).

CURRENT PRICE = RM6.35 (unch)

STOCK TO WATCH 19/10/10 TUESDAY

• SIME file suit on AZRB
• UEMLAND, EPF acquisition PLUS
• DXN net profit increase 33%
• EKUINAS Take Over Konsortium Logistik (KONSORT)
  

STOCK TO WATCH (20/10/10) WEDNESDAY

• MUHIBAH land RM205.8 million Putrajaya job
• HANDAL gets 2 yr extension for Talisman Malaysia contract
• CIMB Thai 3Q net profit down 61%
• delisting notice to STAMFORD COLLEGE
• JETSON look for EGM to remove Chow Chee Kin as Director
• TA global JV to develop Sydney residential project

PETRONAS CHEMICAL GROUP BERHAD

Petronas Chemical is an umbrella company for Petroliam Nasional Bhd’s (Petronas) 22 petrochemical-related companies.

It has a total production capacity of over 11 million tonnes a year and operates mainly in Malaysia and the Asia-Pacific.

The group is mainly involved in manufacturing and selling a range of petrochemical products such as olefins, polymers, fertilisers, methanol, and other basic chemicals and derivative products.

For the financial year ended March 31 (FY10), Petronas Chemicals posted a 25% decline in net profit to RM2.59bil, after the cyclical nature of the industry, economic conditions and higher feedstock costs affected earnings.

With an authorised capital of 15 billion shares and paid-up capital of RM1.5bil, a back-of-the-envelope calculation would mean the company’s earnings per share (EPS) stood at 17 sen for FY10.

The analyst added that the offer price for the share would probably reflect a lower PE multiple of 10 to 11 times.

Petronas’ other listed companies, Petronas Dagangan Bhd, is trading at a PE multiple of 14.41 times while Petronas Gas Bhd is trading at a PE of 20.56 times.

Petronas Chemical Group's IPO is one of two offerings to be launched by government-run Petronas in response to Prime Minister Najib Razak's call to reduce state ownership in the private sector and boost liquidity in the stock market.

That has raised investors concerns that the firm will remain an illiquid stock like many of the government-linked companies that make up more than half of the benchmark FTSE Bursa Malaysia KLCI Index .

IPO: Malaysian Marine and Heavy Engineering (MMHE)

Malaysian Marine & Heavy Engineering Holdings Bhd’s (MMHE) initial public offering (IPO) could potentially raise between RM854.4mil and RM1.12bil, priced is RM3.61 per share.

Its performance driven by 3 core business

(1)engineering and construction services

(2)marine converting

(3) marin repair.

MMHE runs a yard in Pasir Gudang, Johor, one of the largest in the region and the only capable of coverting big ships into vessel that can process and store oil and gas structure.

It could win more jobs. petronas could give it some big project after winnin the right to develop 4 oilfields in Iraq last year.

According to an MIDF Research report, this was based on the industry price/earnings ratio (PER) band of 12 to 15.8 times to MMHE financial year 2010 earnings.

MMHE is a wholly owned subsidiary of shipping giant MISC Bhd. It is a key revenue contributor to its parent company and recorded a net profit of RM284mil on revenue of RM6.15bil in the financial year ended March 31, 2010.

MISC's is likely fall following the listing of MMHE. this becasue MISC will no longer own 100% of MMHE and will no tbe able to equity account MMHE's business into is consolidated group earning. MMHE's oil and gas and heavy engineering business are the jewel in MISC's crown. its financial summmary shows that MMHE contributes over 40% to MISC's net profit in FY2010. MMHE also has an order of more than RM6 billion as at Dec, 31, 2009.

MMHE, which specialises in engineering and construction, marine repairs and conversion, currently has an order-book of more than RM6bil.

MIDF Research expected the IPO to be beneficial to MISC as the funds raised could be used for further expansion such as acquisition of more tankers.

“Although there would be dilution to MISC’s income from MMHE, we expect the impact to be minimal.

“The RM300mil cash dividend from MMHE and the funds raised from the IPO will also reduce MISC’s gearing level from 0.37 to 0.29 times,” it said

Public offering open from now until 14 October 2010 Thursday. You can get IPO form from your dealer representative @ remisier.

PROTON HOLDINGS BHD

PROTON HOLDINGS BHD will concentrate on turning around the Lotus group and has no plans to dispose of the latter, even at any price, said its chairman Datuk Mohd Nadzmi Salleh

He said on Thursday, Sept 23 that Proton would continue to leverage on the branding and engineering capability of Lotus in a bid to strengthen the position of the Proton group as an automobile manufacturer.

“As the chairman of the group, I would say we have no intention to dispose of Lotus at this point in time. Of course, there are people who think we want to sell the company,” he said after the AGM.

Kerajaan diminta dedah data, statistik terkini ekonomi orang Melayu

BATU PAHAT 18 Sept — Kerajaan perlu memaklumkan kepada rakyat tentang data dan statistik terkini pegangan ekuiti serta kedudukan ekonomi orang Melayu, kata anggota Majlis Tertinggi Umno Dr Mohd Puad Zarkashi hari ini.

Beliau berkata data dan statistik terkini tentang pencapaian ekonomi orang Melayu itu akan menunjukkan kedudukan orang Melayu masih terkebelakang, sekaligus memerlukan dasar affirmatif seperti sistem kuota dipertahankan.

"Data dan statistik terkini tentang kedudukan ekonomi pelbagai kaum negara ini perlu dimaklumkan kepada rakyat untuk membuktikan bahawa kedudukan orang Melayu di dalam ekonomi dan pelbagai sektor masih ketinggalan berbanding kaum lain.” "Ia (data dan statistik kedudukan ekonomi pelbagai kaum) perlu dikeluarkan kerana banyak pihak mendesak supaya dasar kerajaan seperti sistem kuota ditamatkan,” katanya pada majlis rumah terbuka anjurannya di Dewan Senggarang di sini.

Mohd Puad, yang juga Timbalan Menteri Pelajaran, berkata selain maklumat tentang pegangan ekuiti, kerajaan perlu memaklumkan kepada rakyat data tentang pelbagai bidang ekonomi termasuk peruncitan, pemborongan serta pekerjaaan seperti guaman.

Beliau berkata dasar affirmatif untuk membantu orang Melayu seperti sistem kuota perlu dipertahankan kerana ia memberikan kesaksamaan dan keadilan ekonomi kepada orang Melayu.

"Jangan ada pihak yang mengatakan dasar yang dilaksana oleh kerajaan seperti sistem kuota adalah tidak adil sedangkan mereka mengetahui ramai di kalangan orang Melayu dan Bumiputera Sabah dan Sarawak yang ketinggalan dalam banyak sektor,” kata beliau. Mohd Puad turut ditanya tentang kenyataan Menteri Mentor Singapura Lee Kuan Yew yang mendakwa hubungan kaum di Malaysia akan lebih baik jika Singapura kekal di dalam Malaysia.

Mohd Puad berkata kenyataan Lee itu merupakan suatu provokasi dan menunjukkan pemimpin republik itu telah “hilang ingatan” tentang punca di sebalik keluarnya Singapura daripada Malaysia.

"Dia (Lee) tahu jika Singapura kekal di dalam Malaysia, politik negara ini tidak akan stabil kerana dasar Malaysian Malaysia yang diperjuangkan oleh beliau (Lee),” kata Puad.

Mohd Puad berkata apa yang dicapai oleh Malaysia adalah lebih baik berbanding Singapura terutamanya di dalam soal apa yang dikehendaki oleh rakyat.

Sebagai contoh, katanya Malaysia membenarkan penubuhan sekolah jenis kebangsaan Cina dan Tamil sebagaimana dikehendaki kedua-dua masyarakat itu.

Malaysia juga, katanya mempunyai kebebasan berpolitik yang boleh dibanggakan berbanding Singapura.

Ahli dan parti politik di Singapura tidak menikmati kebebasan sebagaimana diperoleh oleh rakan mereka di negara ini, kata Mohd Puad.

Mengenai terdapatnya pemimpim pembangkang terutamanya daripada DAP yang menyambut baik kenyataan Lee itu, Mohd Puad berkata ia tidak memeranjatkan kerana DAP itu lahir daripada parti PAP Singapura.

"DAP turut memperjuangkan konsep Malaysian Malaysia sebagaimana PAP,” kata beliau.

— BERNAMA

SeLaMaT HaRi RaYa aiDiLFiTRi BuaT SeMua

TM decided to dispose of its stake in MEASAT

TELEKOM MALAYSIA BHD has decided to dispose of its 15.39% stake in MEASAT GLOBAL BHD for RM252 million or RM4.20 per share.

TM said on Monday, Sept 6 the stake, comprising of 60.02 million shares, would be disposed at RM4.20, a premium of 40 sen or 10.53% to the last traded market price on July 27, 2010.

Measat Global, in which TM had a 15.39% equity interest, had July 28, received a notice of conditional take-over offer from Measat Global Network Systems Sdn Bhd to acquire all the shares of 78 sen each in Measat.

The shareholders had until 5pm, Sept 8, which was the first closing date, to dispose of its shares to the offeror.

JCY Target Price=RM1.88, Current Price=RM1.05

CIMB Research continued to rate the stock an OUTPERFORM with an unchanged target price of RM1.88, still based on 12.0 times CY11 P/E.

“Potential catalysts for the stock include
(1) turnaround of the hard disk drive sector,
(2) more meaningful contributions from Hitachi and Samsung, and
(3) positive news on its successful penetration into Toshiba,” it said.

The research house said the foreign labour issue was solved in mid-August;

The Edge Financial Daily reported that JCY’s share price had plunged more than 22% over the past 1½ weeks, due to a delayed market response to labour protests in mid-August.

CIMB Research said: “This was discussed during the results briefing on Aug 20. We understand that the issue was quickly addressed and there was minimal disruption to production. We do not think the share price plunge is justified and that with the big decline in share price, the upside now is very significant at 109%,” it said.

NAIM HOLDING TERIMA KONTRAK US766.39 MILLION

NAIM HOLDINGS BHD dan Samsung Engineering Co. Ltd terima LOA dari Petronas Carigali Sdn Bhd for the Sabah Oil dan Gas Terminal (SOGT) project. kontrak yang diterima dianggaran bernilai US$766.39 million.

SaLaM KeMeRDeKaaN Ke-53 BuaT SeMua

KePaDa SeMua RaKYaT MaLaYSia,
BiaR DiMaNa SeKaLi PuN aNDa BeRaDa SaYa uCaPKaN
"seLaMaT MeNYaMBuT HaRi
ULaNG TaHuN KeMeRDeKaaN YaNG Ke-53 "
SeMoGa KeDaMaiaN YaNG DiNiKMaTi oLeH NeGaRa BaNGSa KiTa TeRuS KeKaL SeJaHTeRa BuaT SeLaMa-LaMaNYa

OSK RESEACH MAINTAIN BUY ON PROTON

OSK Research is maintaining its Buy call on PROTON HOLDINGS BHD at RM4.53 being the cheapest auto stock under its coverage which is only trading at forward PE of 7.2times versus the sector average of 10 times.

The research house said on Monday, Aug 30 that it is not making any changes to its earnings estimates for Proton pending more clarification from management on how the injection to Lotus will be structured (whether a new issuance of shares will be involved).

“On its foray into the India market, we believe it is too early to tell how this would contribute to earnings (which we have not factored in yet) although we are still generally positive on whatever the outcome given the market potential,” it said.

OSK Research also said in the shorter term, Proton is expected to post favourable results on the back of its new model pipeline going forward in addition of the much improved operating landscape.

NAIM HOLDING BERHAD

Naim Holding Berhad is a Malaysia-based investment holding company. The company, through its subsidiaries, operates in 3 segments, property development, construction and others. It engaged in the development and construction of residential and commercial properties and the construction of building, roads, bridges and other infrastructure works. Other activities include the manufacture and sale construction material, provision of sand extraction and land filing and services, property investment holdings as well quarry operation. Its direct subsidiaries are Naim Cendera Sdn Bhd, TR Smart Piles Sdn Bhd, Naim Management Sdn Bhd and Naim Equipment Sdn Bhd.

SHAREHOLDERS
Lembaga tabung haji (24,966,400 - 9.99%)
Capital international inc (11,661,500 – 4.66%)
Employees provident fund (11,476,000 – 4.59%)

FUNDAMENTAL
Industry PE = 17.37
Company PE = 9.24
EPS = 0.36
DPS = 0.08 sen
DY = 2.47
Mcap = 255.52 million
ROE = 13.03

BELAJAR MELABUR DALAM PASARAN SAHAM

Melabur dalam pasaran saham boleh memberikan keuntungan yang jauh berlipat ganda berbandingkan menyimpan wang di tempat lain. Namun ia juga setimpal dengan kemampuannya yang mengakibatkan kerugian yang cukup besar. Oleh kerana itu, sebelum memutuskan untuk melabur di pasaran saham amat penting bagi pelabur haruslah menimbangtara dan bersedia mengambil risiko yang sepadan dengan keuntungan yang di harapkan. "high risk, high return". Tetapi sebenarnya Risk comes from not knowing what you’re doing. jadi para pelabur dinasihatkan mendalami dan melakukan sedikit kajian bagi memilih saham yang bersesuaian.

KEINGINAN YANG MEMBUKIT – Anda seharusnya mempunyai keinginan yang cukup tinggi untuk melabur atau bermain dalam pasaran bagi memperoleh keuntungan. Hal ini harus tertanam dalam diri anda sejak awal, tiada paksaan dan semuanya terserah bulat pada pemikiran anda.

SIKIT-SIKIT LAMA-LAMA JADI BUKIT – Pada peringkat permulaan bermainlah dalam jumlah yang cukup kecil, misalnya RM1000 – RM3000. Bagi membiasakan pada kerugian diperingkat awal. Supaya tidak rugi sehingga terduduk. Berjinak-jinak dan mendalami pasaran saham dengan bermain dengan jumlah yang kecil, seperti pilot project. Kalau anda sudah mulai faham dan yakin serta mengetahui cara bermain bagi menghasilkan keuntungan, maka secara perlahan-lahan anda boleh menambah jumlah wang yang dilaburkan. Tetapi diingatkan melabur duit lebihan bukan duit tanggungan kehidupan (perbelanjaan rumah, bil2, anak, isteri, dll).

Berikut adalah langkah-langkah yang anda perlukan bagi pelabur-pelabur yang baru berada dipetak permulaan.

1. PERTUMBUHAN EKONOMI NEGARA
Penting untuk mengetahui ke mana arah pertumbuhan ekonomi. Adakah mempunyai masalah, atau dalam keadaan baik mahupun melonjak naik. Kerana sedikit sebanyak, pertumbuhan ekonomi memberi impak kepada pasaran saham. Apa yang kita boleh tengok seperti KDNK, pergerakkan matawang negara kadar pengangguran, aliran matawang dan sebagainya. Tetapi, seperti ungkapan jutawan Warren Buffet “buy when people fear, sell when people eager” ada kebenarannya juga. Bertindak sebelum orang lain. Contoh: kemerosotan ekonomi semua pelabur takut melangkah dalam pasaran saham, itu merupakan peluang keemasan bagi para pelabur membeli saham pada harga yang murah dan menanti ekonomi kembali cerah seterusnya menjual saham pada harga yang lebih tinggi.

2. ANALISA INDUSTRI
Pilih saham syarikat yang dalam hot industry dan mempunyai track record nya memuaskan. Pelajari sejarah industri tersebut secara mendalam dan baca pendapat-pendapat para ahli tentang industri tersebut. Contohnya, pilih industri yang mampu memberikan keuntungan dan impak yang besar dalam tahun tersebut. 10th malaysian plan, pihak kerajaan banyak memberatkan pada pembangunan Negara (construction sector). Banyak mega projek yang akan dijalankan seperti 7 highway yang dianggarkan RM15 billion, 2 coal electricity generation plan yang akan dibina di Sarawak yang dianggarkan RM10 billion, (Mass Rapit Transfer) MRT, dll. Isu sebesar ini mampu memberikan impak yang besar kepada syarikat yang terlibat serta boleh memberikan pulangan yang bagus kepada para pelabur.

3. MEMILIH SAHAM
Fokus pada 2-5 saham, supaya tidak celaru dan mampu mengikuti pekembangan syarikat.

• PRICE EARNING RATIO (PE)
Saham yang anda pilih harus yang mempunyai PE rendah daripada PE industri tersebut. PE adalah harga saham seunit dibahagikan dengan dengan pendapatan bersih per saham

Secara dasarnya ia menunjukkan harga yang pelabur mampu bayar untuk RM1 keuntungan syarikat. Kurang adalah lebih baik. Purata PE adalah 15 kali.

• PASARAN MODAL (CAPITAL MARKET)
Pilih saham yang mempunyai MarketCap yang besar. Ertinya kecairan ringgit yang mengalir dalam pasaran saham yang cukup besar. Sehingga para penggoreng saham tidak mempunyai cukup wang untuk menggoreng saham tersebut. Jikalau ianya kecil, maka pemain perseorangan dengan mudah dapat mengerakkan dan memanipulasikan harga saham dengan jumlah modal yang sedikit.

• DIVIDEND YIELD
Pelabur akan mendapat 2 jenis pulangan. Salah satunya ialah capital gain iaitu dari perbezaan dan pergerakan harga saham. Selain dari itu para pelabur juga mendapat pulangan dari segi dividen. Sekiranya syarikat membuat keuntungan pada tahun itu, maka ia akan memberikan sedikit pulangan kepada para pemegang saham syarikatnya dengan memberikan dividen.

Diyidend yield menunjukkan kadar pulangan per ringgit yang dilaburkan. Ia juga mampu menunjukkan peningkatan atau penurunan serta kemampuan syarikat.

• RETURN ON INVESTMENT (ROI) & RETURN ON EQUITY (ROE)
ROI dan ROE yang lebih tinggi lebih baik. Ia menunjukkan keuntungan syarikat yang bagus dan meningkat tetapi jikalau ROE menurun menunjukkan pengurusan syarikat yang tidak betul dan mununjukkan masalah dan bencana yang akan timbul.

• SENTIMEN PASARAN SAHAM
Perhatikan sentimen pasar. Walaupun PE saham kita rendah, dan kapitalnya besar, sentimen pasaran sering menjadi penentu naik turunnya harga saham kita. Sentimen ini yang paling umum adalah indeks harga saham regional seperti DJI, NYSE dll.

Sentimen yang kedua, berita dan kejutan yang menarik yang berpengaruh di industri dimana saham kita berada. Misalnya kenaikan harga komoditi tertentu dan pengaruhnya terhadap keuntungan syarikat yang sahamnya kita miliki.

Sentimen ketiga adalah berkenaan ekonomi secara umum, misalnya angka pemberitahuan angka pertumbuhan ekonomi, naik turunnya bunga oleh bank negara, angka inflasi, pengangguran, kupayaan atau daya beli.