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Timecom:-2012年02月28日 - 時光網目標價上修 - 大馬財經 - 即時新聞 - 財經 - 星洲互動

2012年02月28日 - 時光網目標價上修 - 大馬財經 - 即時新聞 - 財經 - 星洲互動

Look at the balance sheet announced by KLSE on 23-2-2012:
1. The capital restructuring basically is to clean up the accumulate losses over the years.
2. The gearing is at very comfortable level.
3. Net asset = RM0.69
4. Good support level at RM0.68 level.

Golden Agri (E5H.SI) : Posted Good Result (Share Price SGD0.75)

Look at the CAGR for past 5 Years:-

Operating at Low Gearing :

Source : GAR WEBSITE

Comments:-
1. Healthy balance sheet with US $8 billion net asset.
2. Low gearing
3. NTA per share @ US $ 0.66 (SGD 0.80)
4. Currently trading at 12.5x PER based on share price SGD0.75
5. If the CAGR can continue for coming years, GAR may record a higher revenue and profit. Target Price :-
    Level 1 - SGD0.77
    Level 2 - SGD 0.85
    Level 3  - SGD 0.93

If anytime the share price weaken to below SGD 0.70 due to weak market sentiment/other external factor, start to accumulate as the strong support level range from SGD 0.57 - SGD 0.65 level.

Good Luck !

 

Oriental privatisation target?

Oriental privatisation target?

Comments: as long as this is a GOOD counter, whether the majorshareholder will take Oriental private, we should not miss this counter.
Therefore, the decision to call for BUY on Oriental during the share price was weaken in November 2011 hit the right time and right price (undervalued) and provide at least 30% upside within 3 months.

China banks' 2011 profits hit new high, growth slows

China banks' 2011 profits hit new high, growth slows

INVEST INDONESIA: BANKING

Revisit CIMB-Niaga Indonesia ( share price Rp1130) - undervalued.   
Target Price Rp1530-Rp1920 ( potential upside of 35%  70% )

Refer to Post dated 24 Oct 2011.

INVEST INDONESIA: BANKING

Indonesia drops plan to lower foreign ownership in banks

Posted on 15 February 2012 - 05:38am

PREMALATHA JAYARAMAN
sunbiz@thesundaily.com

PETALING JAYA (Feb 15, 2012): Malaysian banks with stakes in Indonesian financial institutions no longer need to sell down their holdings as Indonesia is reportedly not going ahead with a plan to limit ownership.
According to a Reuters report yesterday, Indonesia's state deposit agency (LPS) said the country will not implement a planned regulation to limit ownership in domestic banks because it does not want to scare away potential foreign investors from the sale of state-owned Bank Mutiara.
An analyst with a local research firm said the move will stimulate interest in banking stocks with Indonesian exposure like Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd.
"Right now, it is status quo. It is difficult to pre-empt anything yet," she said.
Analysts had previously expressed concern about the Indonesian move to implement the bank ownership cap as it will hurt the Malaysian banks' earnings.
CIMB climbed 15 sen to 7.31 and Maybank added two sen to RM8.52 yesterday.
The move to drop the controversial plan mooted by the central bank last year should give greater certainty to foreign investors looking to buy banking assets in Indonesia and lead to greater consolidation in the sector.
The plan had thrown a spanner in mergers and acquisitions dealmaking in Indonesia's financial sector and led to worries about the need for existing major shareholders to sell their stake to below 50%.
Currently, Indonesia allows foreign banks to own up to 99% of local banks.

Maybank's Bank Internasional Indonesia (BII), which is one of Indonesia's top 10 banks, has 344 branches, almost the same as Maybank's 386 branches in Malaysia.
Maybank holds a 95% stake in BII, which contributes less than 10% to the group's earnings.
CIMB's Indonesian unit, PT Bank CIMB Niaga Tbk, accounted for about 30% of CIMB Group's pre-tax profit for the first nine months of 2011. CIMB owns a 97% stake in CIMB Niaga.
Both banks had previously said the income from Indonesian operations would continue to grow.
"This is positive for the banks with exposure to Indonesian banks, as well as investors. Previously, investors were trimming their shares as they were worried that ownership cap will impact their future returns and earnings," said an analyst with another broking house.
A banking analyst said the latest development may also re-ignite interest of local financial institutions to buy into Indonesian banks.
According to recent reports, RHB Bank had expressed its intention to acquire an 80% stake in PT Bank Mestika Dharma for RM1.16 billion. And Affin Holdings Bhd may revisit its plan to acquire Indonesia's PT Bank Ina Perdana.

TIMECOM - Target Price RM0.96-RM1.28?

Price started to move and tried RM0.775 level. With the rumours Khazanah (sovereign wealth fund) intend to divest its assets in Time and Timecom, I think the share price may try RM0.86-RM0.96 level soon.

With the 3.54% holding in DiGi, the Timecom share price will be well supported at RM0.72 level. If DIGI continue it uptrend, TIMECOM share price will move also.

Good Luck! 

TIMECOM (Stock Code : 5031)- RM0.71

Background

 5 Years P&L

5 Years Balance Sheet:-

TIMECOM has been going through an effective restructuring since year 2008. Year 2012 will focus in clean-up its Balance Sheet and share consolidation.

Latest Quarterly Result:-

Futures Business In The Pipeline :-

Share Price Movement & Comments:-

GOOD LUCK !

Performance Review For Counters Recommeded

It is time to make a review on some good counters recommended under Traderszone4u:-
Feel free to give any comments/suggestion by sending an email to traderszone4u@yahoo.com.