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.

Dividend,

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.

Chart,

  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.

Summary,

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!

Regards,

Nick Loke

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.


Results,

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,

Dividend,

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.


Chart,

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).



Summary,
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!

Regards,
nick loke

BPPLAS (5100) - The Shinning Stone to be Shine

Company Profile

BPPLAS was first established as a partnership business known as Lam Guan Plastic Industries in 1990. Founded by Mr Lim Chun Yow, Mr Tan See Khim and Mr Hey Shiow Hoe, the company supplied polyethylene (PE) bags to the garment and textile industries in Batu Pahat.

Responding to the various Malaysian government incentives such as the Reinvestment Allowance under the industrialisation policy to stimulate export-oriented businesses, the original founders incorporated BP Plastics Sdn Bhd in 1991.

In 2005, BP Plastics Holding Bhd was listed on the Main Board of Bursa Malaysia, signifying the company's commitment towards continuous growth and expansion.

Since its public listing, BPPLAS' turnover has grown from RM122 million in FY2004 to RM283.9 million in FY2014. Today, BPPLAS is one of the largest Polyethylene (PE) Film manufacturers in Asian Region, supplying Stretch and Shrink films, and other PE packaging films and bags, stretching its presence to 51 countries. BPPLASexports almost 80% of its products to other Asian countries, Middle East and European countries.

Located in the Sri Gading Industrial Estate of Batu Pahat in Johor,BPPLAS has a combined land size of 15.5 acres, and operates at 2 manufacturing locations within the same vicinity with a total built-up area of 295,000 square feet. With the successful start-up of its new Cast Stretch Film production line, BPPLAS has a combined name plated production capacity of 6,500 metric tons per month. BPPLASis now capable of producing more than 150 metric tons of PE Film products to meet its worldwide customers' demand every single day, with more room to grow.

By converging the world’s best machinery and equipment together with the world's best resins, and supported by its own in-housed research and innovation capabilities, BPPLAS is able to produce revolutionary strong and thin gauged stretch film products such as "Infinity", "Clarity", "Priority" and "Hill Plus" to cater to a wide array of customers' needs and requirements.

In conjunction with its 25th Anniversary, BPPLAS is proud to present another newly developed stretch film product brand – “R-Edge”, an ultimate high end stretch film which is strong, functional and easy to use. This latest unique product is in line with BPPLAS' Vision to be the Plastics Packaging Specialist of Choice in the Asian Region.

In addition to ISO 9001, BPPLAS is also an ISO 14001 and 18001 certified Polyethylene Film manufacturer. BPPLAS has embraced the 5Ss and 3Rs at its operations, and strongly believes that through its' inculcation of the principles of Reduce, Reuse and Recycle in its daily operations, it can keep and prolong the precious limited natural resources for the future generations to use. BPPLAS has also put in place an effective recycle management system to efficiently manage all the wastes produced. Recycling helps to lower production costs, maintains competitiveness and keep the environment clean as well.

BPPLAS will continue to innovate and produce more sophisticated and cost competitive high quality packaging products for its customers worldwide and also seeks out business opportunities to further expand its growth and enhance its market position as a key plastics packaging supplier of choice in the Asian Region.

Fundamental of the company

In the past 5 years, the company recorded a very stable earning and every year pay out dividend 4-5sen between 2010-2013.

In year 2014, the company also recorded earning around 5sen per share and total 6sen dividend payout on the same year.

Dividend Record

The company normally will declare dividend two times in a year which is on Feb and Aug. This year, the company has declare a special dividend of 2sen per share which ex on Jun 16 2015, if the company announce another 3sen div on Aug, this will make total dividend payout on 2015 is 8sen which is equal to 8.42%! (current price 0.95).

Net Cash 

In the latest quarter which announce on May, cash in the company is 58.5m where more than double compare to last year same quarter of 26.8m. The amount of 58.5m equal to cash Rm0.32 per share.

Chart

At the above chart, the company show a very strong support at 89sen lvl and standing strong above MA100 line. I believe share can be collect during the periound between 89sen-95sen level before another new quarter report coming out.

With the recent weakening in MYR and lower input cost due to oil price fall also  benefited to the company.

I believe the company can continue post a strong earning result in the coming result and give ordinary dividend of Rm0.03 per share as per previous record.

My target price- Rm1.20 (6.66% Dividend Yield base on 8sen dividend on 2015)

Happy Trading,

Regards,

Nick Loke

Tomypak (7285) - Better Earning Ahead

Flexible Packaging is no longer perceived as a simple wrapping material, but as a decorative, protective and presentable tool to consumers while on display in the market.

Tomypak Berhad being one of the leading converters for flexible food packaging materials in Malaysia, we believe in the continuous introduction of new technologies and facilities. Coupled with veteran personnel equipped with professional skills and customer oriented services, be assured quality satisfaction in your flexible packaging material needs.

• Established in 1979
• Public listed on the Malaysia Stock Exchange ( Bursa ) in 1996
• 1st HACCP certified flexible packaging materials company in M'sia since 2003
• Workforce consist of a strong 400 employees
• Built Up Area 14,018 square metres

 

 

 The company has a strong client based,


Latest quarterly Earning,

In the latest 3 quarter result, the company showing strong improvement and look like coming quarter which will announce around August  can simply improve 300-500%  due to last year same quarter having a weak result which is 0.75sen eps.


RHB research has forecast the company earning ,

Rhb research has targeted the company earning for FY2015 is 14sen which mean at current price Rm1.65, the company is trading at PE 11.71 for FY2015 and PE 10.25 for FY2016.

Where the company major competitor Daiboci (8125) currently is trading at around PE20 times!



During the AGM this year,

The company also stated this year (2015) will be an excellent year for the company.



Chart,

In the above chart, the company show a very strong support at around Rm1.60 level and standing strong above MA80 line. After KLCI index few times drop, the share price also standing strong at Rm1.60 level. I believe is very low risk to enter during this consolidation period.



Latest Target Price by Research Firms,

RHB - TP Rm2.17
Kenanga- TP Rm1.88


My target Price - Rm1.89




Happy Trading!

Regards,
Nick Loke

Cypark (5184)- New support with higher low

Cypark Resources Berhad (CRB) is an integrated environmental engineering and technology provider.

Transforming dump sites, an environmental bane to an economic and environmental boon is the raison d’etre of our business.

As an environmental technology and engineering specialist, Cypark combines technologies and engineering proficiency, with high-end research and development, to develop systems specifically for restoring brownfields like the Contaminated Land Assessment Remediation and Information System (COLARIS), Sustainable Environmental Restoration (SER) and Groundwater Assessment Remediation and Information System (GARIS).

We have taken our business a step further by venturing into the renewable energy sector. We have transformed the restored landfill in Pajam, Negeri Sembilan into an integrated renewable energy park, an Entry Point Project under the nation’s Economic Transformation Programme. Such a project unlocks the economic potential of landfills, employing landfill by-products like biomass and biogas as well as sunlight to create renewable energy, which will undoubtedly help meet the country’s growing demand for energy.

Leveraging the synergy from restoring landfills to the creation of renewal energy has placed Cypark at the forefront of sustainable development and green energy generation. We are proud to note that the Pajam Solar Park has been awarded by the Malaysian Book of Records as the largest solar park in Malaysia.

At Cypark, we recognise that a balanced enduring approach is needed to ensure sustainability in economic activity, environmental responsibility and social progress. Our commitment to sustainable development is evidenced by what we do. We help to preserve our environment, preventing further degradation to land, water and air with a strong aspiration to help create a sustainable, healthy and economically stable environment for our children and future generations.

The company recorded a stable and growing up earning in the past few years and pay 5sen dividend in the latest 2 years.

From the 1 year chart, we can see that the downtrending is stop already and forming in higher low since 2015 Jan Rm1.72 follow by March Rm1.73 and recently strong support at Rm1.80.

11MP

- Power plants to generate a total of 7,626 megawatt electricity will be built, among them are three coal plants in Johor, Perak and Negri Sembilan, and two gas plants in Penang and Johor. These will involve a cost of RM28 billion and create about 35,000 new jobs

Summary,

-Cypark high chance will be one of the most beneficial company from the 11MP power plants project.

-Stable earning in the past few years.

-Chart new supporting at Rm1.80 (low risk)

01/04 - CIMB TP Rm2.37

11/02 - PBB   TP Rm3.20

My Medium term TP : Rm2.08 follow by Rm2.30.

Happy Trading!

Regards,

Nick Loke

MPHBCAP (5237) - Potential Special Dividend

The MPHB Capital Berhad Group of companies was demerged from the Multi-Purpose Holdings Berhad Group (now known as Magnum Berhad) and was listed on Bursa Malaysia Securities Berhad on 28 June 2013.

Our Group is predominantly involved in the underwriting of all classes of general insurance business via our subsidiary Multi-Purpose Insurans Bhd. We also have a credit business and investment in properties including two hotels under the Flamingo brand.

In the past result, company posted a stable and slowly growth up in revenue and also earning per share in the recent 4 quarter.

What Hot? The sale of the 49% stake in Multi-Purpose Insurans (MPI) to Generali Asia is targeted to be completed mid-June 2015 and talks to sell a controlling stake could commence thereafter which will potential bring cash per share for the counter up to Rm0.58 per share and might give special dividend a part from the cash above. On the property front, the group’s JV with Bandar Raya Developments in Rawang is expected to kick off in two months’ time with an initial Phase 1 GDV of about MYR120m. Maybank research target price Rm2.20 In the daily chart above, the share price currently standing at very good supporting price with slowly maintain a higher low in short term up trending line after break through the down trend line. I believe currently is a best time to collect the counter during this consolidate period and wait for the good news coming around June. My target price : Rm2.15 Happy Trading! Regards, Nick Loke

KAWAN (7216) - Uptrending Resume with Earning Growth

Kawan Food Manufacturing Sdn Bhd is Malaysia’s leading exporter and largest manufacturer of frozen Asian food delicacies. The company based in Shah Alam, Malaysia. The vision of the company are about providing their consumers with authentic, safe and higest-quality produts at affordable price, while making a different in the lives for the shareholders, consumers, business partnes, employees and the community.

The company's products:

Past performance,

In the past 5 years, the company posted strong and stable earning which is between 11sen-13.48sen in year 2009 to 2013. In the latest 4 quarter 2014, tatal earning is 17.07sen per share. The company performance is growing up every year and starting to growing faster in the latest yearly result.


Past 5 years cash flow,

Latest quarter Cash balances,

From the above two table, cash flow of the company is getting better and better. In the latest quarter report the updated cash and bank balances is Rm37.03m slightly growth up compare to last year cash c/f of Rm36.146m

In the chart above, share price of the company all the way go up since 2013 and slow down in last year December after bonus issue. After consolidate for few month times, share price surge back above MA26 line and forming uptrending again.

I believe currently the share price on consolidation period again with lower transaction volume but share price maintain around Rm1.90 level.

If the share price can close above Rm1.94, we will see continue uptrending before reach another consolidation level.

Target Price: Rm2.48

Happy Trading!

Regards,

Nick Loke

PRG (7168) - More Income by Diversified

PRG Holdings Berhad’s manufacturing division (formerly known as Furniweb Industrial Products Berhad) started operations in 1983 in Malaysia as a partnership producing furniture webbing. The company has since diversified into niche products for the textile and apparel, furniture, automotive, food packaging and medical industries.
Today, the GROUP is an industry leader, internationally recognized for a comprehensive range of products that are available in more than 30 countries.
The company also diversified into property development last year after Dato' Seri Yeoh Soo Ann emerged as the largest shareholder  after buying 25.2million shares in the company.

In the past few years, the company also recorded a strong earning from the manufacturing division which is around 4 to 5sen EPS.

Last year Q1 and Q2, the company recorded a net loss of 0.5sen and 0.85sen for the respective quarter, and the company return to profit again in Q3 and Q4. The revenue of the company also increased in the past 4 quarter.

Picasso Residence- The high-end condo project, which is expected to be launched within the next one month, will have a gross development value of more than RM600mil once it is built on some 3.93 acres will projected net profit of RM60mil for PRG is expected from it should the company sell 100% of the project, Yeoh carefully predicts on The Star business news 18 April 2015.

With property as its new income stream, PRG is not abandoning its original business of manufacturing, which is divided into webbing, yarn and furniture components as well as rubber strips and fabric. More than 70% of the products are for the export markets!

With the new property development and the company original manufacturing business (70% export), i believe the company will recorded a much more better earning in the coming quarter report.

From the daily chart, the price has break up the downtrend line and stay sideway now. Total volume traded untill 12.30pm today is 23.4k lot and current price trading at 70sen. Highest volume in the past 6 months.

If the price close above 72sen, i believe more upside to go in short term as buying volume has building up today after the price has stay below 72sen since last year December.



Target Price: Rm0.90


Happy Trading!

Regards,
Nick Loke

SAPRES (4596) - Heading to the Top

Sapura Resources Berhad, an investment holding company, engaged in the property investment, education, and automobile sale activities. It is involved in the rental of investment properties, as well as in the provision of higher education information technology related courses, and teaching and learning curriculum. The company also offers the sales and after sales services for BMW vehicles. Further, Sapura Rsources provides consultancy services, as well as develops and markets interactive multimedia solutions. Principally interactive multimedia solutions, operates in Malaysia and Australia. The company was founded in 1975 and is based in Seri Kembangan, Malaysia. Sapura Resources Berhad is a subsidiary of Sapura Holdings Sdn Bhd.

Latest 4 quarter, the company announced total earning 17.56sen per share, compare to last year 6.79sen  (158% increased). The NTA of the company is Rm2.65, nearly 62% discount from the current market price.

Coming two quarter result should be positive due to low performance on Q1 and Q2 report last year and this will even give lower PE ratio to the company after the coming quarter result.

In the 5 years weekly chart, the candle has close above the MA69 line and standing strong near Rm 1 level after the price close below the MA69 line since last year October,

In the daily chart, we can see that someone started accumulating the shares around end of March and recently the stochastic slow also show going up signal.

If the price can close above Rm1.00 today, it will show more upside before it stay at another consolidate  level.

Current price Rm1.01 (PE : 5.75)

Target Price: Rm1.20 ( PE : 6.83, 54.7% discount from NTA)


Happy Trading!

Regards,
Nick Loke