Tuesday, January 3, 2017

TOP 10 Stocks Pick for Year 2017

No 1.

Affin ( 5185) banking stock,share price slowly recovering from bottom and earning growing in the latest 2 quarter. Company target to achieve better result in coming year, dividend payout last year was 8sen. Target dividend this year will at least 8sen and above.

Cepat (8982), a plantation company, one of the Cold Eye's recommended stock in 2015. Share price has up nearly 50% in latest 3 months after the company posted a good earning report in q3 2016 with eps of 3.37sen per shares. Recently CPO price has gone to Rm3200 level compare to last year around Rm2500 level in August. I believe cepat wawasan group berhad will continue with good result in the coming quarter with the high level of CPO price.


Favco (7229) oil and gas counter, company's share price has fallen from high Rm3.95 mainly due to fallen in oil price. Even with the low oil price, the company still posted a very good earning and strong cash in hand. The company's dividend payout has been increasing over the past 3 years from 10sen to 15sen last year. Based on the current price, the company trading at single digit PE and dividend yield around 6%.


Fimacor (3107), major in printing business, very stable earning company and cash rich in hand. Revenue and earning has been growth up in the past 3 quarter. Plantation also one of the business of the company. Raising of CPO price also will benefited to the company. Currently company trading at single digit PE and dividend payout 12.5sen in past two years (6% yield). Company share price has been fall down all the way after bonus issue has done on 2014.


FPI (9172), manufacturing sound system and musical instrument. The company has a very healthy balance sheet with cash of 62sen per shares. One of the major shareholders is Permodalan Nasional Berhad. Last year dividend payout 7sen which translate to 8% yield. The company has high accumulated earnings and good dividend payout in the history. 


GENM (4715), gaming and resort company. Completion of Genting Integrated Tourism Plan, coming soon with the Century Fox Theme Park, the company earning expected to grow up in the coming years. Company also posted a very good earning in the latest 2 quarter and expected to be good in coming quarter.


Hsplant (5138), plantation company. The company has a solid balance sheet and attractive valuations. High CPO price will benefit the company and the share price also side way for very long time even the CPO has been surge to Rm3200 compare to Rm2500 a year ago.


Lonbisc (7126), confectionery manufacturing company. Company revenue has been steady growth in the past few years. One of the famous layer cake and swiss roll in market. Company recently has new production line in potato chips and target to be better earning in the future.

Spritzer (7103), manufacturing and distribution of drinking water. The company has been steady growth in the past 5 years and entered China market last year. Stable earning grow in Malaysia and potential benefited in China market.


Suncon (5263), construction company. Steady earning and high outstanding order book with provision of earning visibility for the coming 3 years. Good management team and potential more project in the 2017

Tuesday, October 25, 2016

CCB (2925) - The Return of the Luxury Car

Corporate Profile

Cycle & Carriage Bintang, a member of the Jardine Cycle & Carriage Group, is listed on Bursa Malaysia. It is the largest dealer of Mercedes-Benz motor vehicles in Malaysia, providing high quality retail and after-sales service.
Jardine Cycle & Carriage ("JC&C") is a leading Singapore-listed company and a member of the Jardine Matheson Group. JC&C has an interest of just over 50% in Astra International, a premier listed Indonesian conglomerate. JC&C's Direct Motor Interests operate in Singapore, Malaysia and Myanmar under the Cycle & Carriage banner, and through Tunas Ridean in Indonesia and Truong Hai Auto Corporation in Vietnam. JC&C's Other Interests comprise interests in market leading businesses in the region through which JC&C gains exposure to key economies by supporting such businesses in their long term development. Together with its subsidiaries and associates, JC&C employs some 245,000 people across Indonesia, Vietnam, Singapore, Thailand, Malaysia and Myanmar.
Company's 5 years P&L
In year 2015, Company earning has increase 500% from Rm 10mil earning in 2014 to Rm 52mil, earning per share increase from 10.26sen to 51.74sen.

For FY2016,

For the first half of 2016, company has achieve revenue of  Rm 737.8mil and with net profit of Rm29.1mil. The company will announce their Q3 2016 earning in October and below are the latest sales that has announce on TheStar on 06 October 2016,

In the above, the sales figure has already surpassed last year's total sales by 10%, and below is the 2015 earning up til September 2015

Up til 30 Sep 2015, total revenue is Rm 1.19 bil and with total earning Rm 41.9mil which is equal to earning per shares 41.62sen. With the total sales in 2016, with the surpassed by 10%, i believe in coming quarter the revenue can hit Rm 500 mil, and this will also lead up by better earning in this quarter compare to last year same quarter.

The company also confident with their sales for FY2016,
“We’re confident of exceeding last year’s figures. Despite a tough market, we feel that we have the right measures in place,” he told reporters on the sidelines following the launch of the company’s Mercedes-Benz C350e yesterday. (06 October).
Dividend History
CCB  paying very high dividend in Year 2006 with special dividend of Rm 2.03 per share, Year 2008 Rm 1.35 per share and Year 2009 Rm 1.20 per share, and after that the dividend has been reduce to 10sen and 5 sen in the coming years and no dividend payout for year 2013 and 2014 due to lower earning.


The company share price has trading sideway between Rm 3.10 to Rm 3.50 for few months and strong support at Rm 3.00 level. The share price also stay above MA 20 since last year, i believe is a good time to collect before the coming quarterly report.
With the confident target sales for FY2016 will better than 2015, i believe company earning can maintain at Rm 52mil or equal to earning per share 51.74sen. With the better performance, i also believe company will given better dividend in coming year to reward their shareholders.

My Long term Target Price: Rm5.20  (PE 10 on 2015 earning)

Happy Trading!

Nick Loke

Thursday, June 9, 2016

FIMACOR (3107) - Collect while still low

Fima Corporation Berhad ("FimaCorp") is an investment holding company with subsidiaries principally involved in the manufacturing, plantation and property management.
  • Manufacturing
    Production and trading of security and confidential documents
The manufacturing division namely production and trading of security and confidential documents is under the wings of wholly-owned subsidiaries Percetakan Keselamatan Nasional Sdn Bhd (“PKN”) and Security Printers (M) Sdn Bhd.
PKN was established in 1983 as Cawangan Percetakan Keselamatan under the National Printing Department and was privatized by FimaCorp in 1990.  The Company is one of the largest domestic security printers in Malaysia, offering a wide range of products and services which include travel documents, licenses and other security & confidential documents for the local and overseas market.  
Its factory in Jalan Chan Sow Lin, Kuala Lumpur is located in a fully secured compound with restricted access and personnel movement, CCTV monitoring, physical checks and strong rooms. PKN prides itself in having state-of-the-art security printing logistics in sustaining key capabilities, particularly in the area of high quality printing and innovative design. PKN has more than twenty printing machines which has the most comprehensive range of printing technologies particularly letterpress, offset, flexography, screen and intaglio.
In 1990, Percetakan Keselamatan Nasional integrated with Security Printers (M) Sdn Bhd making it a trading arm for security documents.
FimaCorp Group is engaged in the development, cultivation and management of oil palm estate as well as the processing of oil palm products. As at 31 March 2015, the Group owns and operates 9 estates with a total landbank of 23,414.0 hectares.

The property management division offers property management, cleaning, mechanical and electrical services to compliment the various companies in FimaCorp and Kumpulan Fima Berhad group of companies.

Company Earning,

Company full year earning at 2015 is 21.24sen per share which is PE 10.49 for current price Rm2.23
Company consistently paying dividend twice a year with total dividend of 12.5sen in the past two years. In the latest quarterly report earning, the company also recommend payment of a single tier dividend of 7.5sen.

Table below are the details for the company dividend and bonus issue history,

Balance sheet,

From the balance sheet above, we can see that company only having Rm491,000 short term loan with net cash of Rm172.64mil at March 2015. I believe with the strong cash on hand, company can continue pay total dividend of 12.5sen same as past two years.

Recently company also starting to buy back the shares,


From the chart above, the share price was all the way still below the down trending line but seem like supported at Rm2.18 and with the recently company share buy back at Rm2.22 i believe share price will supported around this level. Is good to collect the counter during this side way period while waiting for the dividend.

Current price - Rm2.23
Dividend Yield- 5.6%

My Target Price - Rm2.80

Happy Trading!

Nick Loke

Wednesday, March 30, 2016

FPI (9172) - Cash is King with Good Earning and Good Dividend

Prosonic was established in 1989 at Port Klang. One of the major manufacturer of high quality speaker systems in Malaysia. A Public listed Company in Bursa Saham Kuala Lumpur on 17 June 1994. We are located in different location with 2,908,170 square feet in total of land area.
Prosonic is principally involved of producing variety of products which include Home Theatre Audio Systems, Satellite Speaker, High-End Audio Systems, AV Racks, WI-FI Internet Radio, WI-FI Internet Adaptor, Outdoor Speaker, Bluetooth Speaker, Receptor Radio, CD Radio & Car Speaker Series for our Multi National customers brand names such as SONY, JVC, SHARP, BOSTON, AE, PANASONIC & KENWOOD, etc.
We provide coordinated process services ranging from design, engineering till finished goods from our eight companies having core business in manufacturing of electrical and electronic components, as well as complementary activities in sales and service support such as following:
1) Formosa Prosonic Industries Bhd, Port Klang, Malaysia
2) Formosa Prosonic Industries Bhd, Sg. Petani, Malaysia
3) Formosa Prosonic Manufacturing Sdn Bhd, Port Klang, Malaysia
4) Asia Pacific Card & System Sdn Bhd, Port Klang, Malaysia
5) Printed Circuit Board, Port Klang, Malaysia
6) Acoustic Energy Ltd, Cirencester, United Kingdom
7) FP Group Limited, Dong Guan, China
8) Formosa Prosonic Mexico, Tijuana, Mexico
Prosonic is constantly striving for expansion and greater automation in its manufacturing processes in order to produce more technically-sophisticated and technologically advanced components, which will allow customers to place a premium on their finished products.

Quality is our spirit! Prosonic has a highly requirements and stringent quality control to ensure the product is produced with best quality for all our Multi National customers. Our products are being manufactured under internal advanced quality system and requirement to meet international MNC's requirements and standards.

Prosonic has a group of experienced engineering team with huge engineering capacity and well equipped facilities. With this capability, it enables Prosonic to step further for Development Team (R&D) to develop new product continuously.As a market leader, Prosonic knows that a good speaker system is not just about a speaker box that produces reasonably good sound, but is also a continuous search for new technology and innovative design.

We are also Accredited by International Quality Standard and make us stronger to compete in the market and build up confident with our customers.

In the past years, we have been awarded by major customers in recognition of Prosonic effort in quality, services, delivery, product reliability and others.

Prosonic proven expertise in the speaker system technology, it is often we consulted to customers on every stage of development, from design, materials up to finished goods.

Backed up by the Company's commitment to stringent quality control, its business thrust continues to be on customer satisfaction, product excellent and research & development.

FPI Client List,

FPI performance,

From the above, we can see that the company's earning is recovering and getting stronger in the latest two quarter which is eps of 3.7sen and 3.6sen in Q3 and Q4.

The company also just ex a 7sen dividend on 29 Mar 2016 which payment date on 15 Apr 2016. This is the highest dividend paid in the past few years.

From the balance sheet above, the company show very strong cash in hand and 0 short term loans. Total 148mil on hand which is equal to around Rm0.60 net cash per share on hand based on 50sen par value.

In the latest quarterly report posted on 26 Feb 2016, the company total cash is 158mil which is equal to Rm0.639 net cash in hand every shares.


The company listed since 1994, highest price hit at Rm1.89 in year 1996 and coming down all the way with trending lower line. This is the second times break above the downtrend line with resistance at Rm1.15. With the current performance and strong balance sheet, can the company come back visit their glory day? 

Today the share price have been sell down to lowest 85sen and RSI show is oversold below 10%. I believe is a good entry point for medium term trading while the fundamental of the company getting stronger.


Current price Rm0.85
Dividend yield around 8.23%
PE: 9.176
Net cash per share : Rm0.639

Short term target price: Rm1.00
Medium-Long term target price: Rm1.89

Happy Trading!

Nick Loke

Friday, January 22, 2016

APB (5568) - Shining Star awaiting to Shine

APB Resources Berhad and its Subsidiaries (APB Group) are involved in the fabrication of specialized design engineering equipment for petrochemical process industry, chemical industry, oil palm processing industry, paper mill industry and power generation industry, and the provision of non-destructive testing services.
APB Resources Berhad is listed on the Main Market of the Bursa Malaysia Securities Berhad.

In the past few quarter, the company posted a very good performance profit and the earning is increasing in the past 3 quarter, and the recent earning up to 8.21 cent EPS, NTA of the company also raise to Rm1.71 per share.

From the balance sheet stated above, the company had 0 short term loans and is net cash position of Rm39.95mil which is around 35 cent per share.

In the latest quarter, posted on November 2015, the company net cash had increase to Rm58.897 mil which is equivalent to 52 cent per share! Nearly increase 49% compare to net cash a year ago!!

In year 2014, HLIB cover APB resources before, which stated 90% revenue is from export! Recently the strengthening of USD, has benefited a lot export  companies and the share price for those related company also up a lot, some even up more than 100% in the past few month ago. At 2014, HLIB had given a fair value for the company of Rm2.07 per shares, and recently the earning had increased, but the share price is still sleeping.

Dividend record,

In the past few years, the company dividend payout is 6.5cents per shares, which normally announce on March 3cents and June 3.5cents. Which around 5.5% yield based on current price of Rm1.18.


From the chart above, we can see that, huge volume was collected around Rm1.40 per share in November 2015 period and the share price started fall down slowly will small volume, and yesterday closing price was at Rm1.18 which is around 15% lower from the huge volume price.


APB is one of the high export company, USD strengthen will continue benefited to the company. With the current div yield of 5.5% and the net cash of the company keep on increasing, i believe the company will shine soon.

In the past 4 quarter, total earning of 16.58cents, which around PE 7.117, the share price is trading very cheap and very low risk to collect compare to huge volume which collected at Rm1.40 or higher.

My Target Price : Rm1.66 (PE :10) (Potential upside 40%)
HLIB Target Price : Rm2.07 ( on 2014)

Thank you.

Happy Trading !

Nick Loke

Wednesday, December 9, 2015

Media (4502)- Worst is Over and is Getting Better

Media Prima Berhad (Media Prima), a company listed on the Main Market of Bursa Malaysia, is Malaysia’s leading fully-integrated media group. The Group is also one of Malaysia’s Top 100 largest listed companies by revenue.
The Group has equity interests in TV3, 8TV, ntv7 and TV9. In addition, the Group also owns more than 98 percent equity interest in The New Straits Times Press (Malaysia) Berhad (NSTP), Malaysia’s largest publisher with three national newspapers; New Straits Times, Berita Harian and Harian Metro.
The Group has strong online presence through its digital media subsidiary, Media Prima Digital, via the entertainment portal gua.com.my, women’s lifestyle portal seroja.com.my and tonton.com.my, the No. 1 Malaysian video portal with HD-ready quality viewing experience that offers the individualism of customised content and interactivity of social networking, which now has close to 4 million registered users.
Emas is the first classic channel in Malaysia showcasing Media Prima’s production of popular TV programmes and is available on platforms such as HyppTV and ABN. The Group also owns three radio stations, Fly Fm, Hot FM and one FM.
The Group’s leadership position in the Out-of-Home Advertising business is represented by Big Tree Outdoor Sdn. Bhd., UPD Sdn. Bhd., The Right Channel Sdn. Bhd., Kurnia Outdoor Sdn. Bhd. and Jupiter Outdoor Network Sdn. Bhd.
The Group also owns a content creation subsidiary, Primeworks Studios Sdn Bhd, Malaysia’s largest production company, producing TV content and feature films since 1984 and 1994 respectively.
Company Earning,

The company announced net loses on Q4 2014 was mainly due to a one time expenses on Mutual separation scheme, where this will help the company reduce their expenses and salary payout in future. And yes, the company is turn back to profit on the next quarter which is Q1 2015 and the result is getting better and better in Q2 and Q3 2015.
From the picture above, we can see that Media Prima one year payout 3 times dividend, and total dividend payout on 2015 is 10sen! Based on current price of Rm1.35, dividend yield is 7.4%! 
Latest Quarter report,
In the latest quarter announce, the company did a repayment of redeemable fix rate bonds of total Rm150mil and after deduct the amount, net cash position if Rm 395mil which around 35sen per share due to the company have nearly 0 short term loan.

  Company share price is getting better after all the way down from last year Rm 2.60 til September 2015 with lowest price at Rm 1.04. Share price movement has break the downtrend line and currently at uptrending line with strong support at Rm 1.30. We also can see that, on July 2015, a huge volume transacted on the week which is around 20 mil shares traded (Rm1.30 - Rm1.44) and now strong standing around the price level.

1) With the avg earning of around 3.9sen each quarter, company could stand at around PE 8.65 only (total earning 3.9x4 =15.6sen base on price Rm1.35)
2) Attractive dividend yield 7.4% (10sen div)
3)Share price at bottom, nearly 50% lower compare to last year high Rm2.60
4) Cheap price compare to ASTRO (PE 25.42, Dividend yield 4.21%)

My Medium Target Price : Rm2.00 (PE 12.82, Dividend Yield: 5%)
Happy Trading!
Nick Loke

Tuesday, September 8, 2015

IQGroup (5107) - Earning Back On Track!

IQ-group is a well established supplier of security and convenience products to some of the world’s major retail and wholesale companies. We have an enviable reputation for design, innovation, quality and value and are a leading global provider of motion sensors, wirefree radio and door entry products. The Group employs approximately 1300 people, with manufacturing operations being centred in Malaysia and China, marketing in the UK and sales & marketing in Japan. Our services are grouped into the following areas: design, manufacturing, marketing, logistics and customer service.

The majority of our customers are either involved in retail DIY distribution, predominantly within the UK, European, Japanese and North American markets or they are major International electrical distribution groups supplying a broad and diverse branded product offer to both the DIY and professional trade markets.


On the quarterly results table above, the company earning has recover on the latest quarter and goes back to EPS of 7.36sen compare to previous two quarter of 5.87sen in Q3 and 2.45 in Q2 results.

Cash Rich and Increasing,

In the past 4 years, we can see that the cash c/f of the company increase from Rm 7.11m til Rm 43.16m in year 2015 March reports.

In the latest result announced on August for Q1 2015, the cash of the company increase again to Rm 44.234m equivalent to (50 sen per share)  compare to previous quarter Rm 43.16m,

With the cash increasing, the company started to pay dividend started last year which announce on 27 Nov 2014 and 29 May 2015, with total div of 8 sen.


Company share price has all the way fall down from the top after the share price touch Rm3.20 level with the weak report in Q3 and Q4 2014 results.

Latest earning has back on track, but share prices still haven't recover and currently support level at around Rm 1.92 with RSI 27 (oversold).

Company earning back on track and with the strengthen in USD also benefited to the company earning and also with strong cash flow & dividend support, i believe is good time to collect before the share price recover.

RHB target price : Rm2.95 (24/07/2015)

My Target price : Rm2.50

Happy Trading!

nick loke