Petronm (3042),
市价:Rm3.10
这股我们上星期有和我们的前辈和一位精算师朋友有研究过，这公司是经营petron打油站的。主要的业务是提炼汽油和燃油，而不是採油的，所以国际油价上涨和下涨完全不会影响到它的，反而它可以得到更多好处，因为政府已经fixed了它们的盈利%。 市场上好多人误会以为国际油价的重挫会影响到它的盈利，所以比较少人买进，但我们已经开始留意到这股开始有大买家开始买进了。之前股价下跌是因为公司花了好多钱去把个地区的mobile and esso 油站改变为现在的petron油站以及增加输运管的距离，和加强好多的设施，以满足未来的需求。
我们可以看到公司的提升工程已经完成了，业绩在今年的第一和第二业绩报告得到了非常好的盈利，如果第三和第四的报告可以保持在前两个的盈利一样，这股好大的可能会回到之前的Rm4.00以上。
有兴趣者可以留意下和研究的。
Sunday, November 15, 2015
Sunday, November 1, 2015
Weida (7111), Market price: Rm1.790
(Healthy
balance sheet with stable gearing and high PEG/growth ratio)
Weida,
founded in 1983 is based in Kuching, Malaysia. Weida has remained the
undisputed market leader in Malaysia, with dominant position in east Malaysia.
Berries of entry into this industry is high especially in east Malaysia like
Sarawak.
NTA:
3.06 PE: 9.85 capital: 226 million
Weida
thrives and excels through its 4 core competencies:
1.
Manufacturing
of polyethylene- based building materials.
2.
Environment
engineering services.
3.
Construction
of telecommunication infrastructure ( telcom tower); environment ( waste water
management ; stone water management…)
4.
Property
development.
Points:
1.
Raising
revenue since 1998- 2014, 2001 revenue:
Rm51,368,247 increased 549% to 2015 Rm333,841,242.
2.
Profitable
every years since 1998; 2001 net profit after tax Rm8,534,878 increased to
Rm29,166,411.
3.
FY
2016, if earning could achieve 25mil to 30mil, estimated FY16 PE is around 7.5
4.
Net
asset value: RM3.06 vs Market price Rm1.790 now. Trading with huge undervalue.
5.
Weida
has many sales already and going to book closing, and its will contribute many
figures into next two quarterly Profit.
6.
stable
gearing, with net equity /net liabilities around 1.67 times.
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