TONGHER IS ATTRACTIVE

I SAW THIS IN HIS BLOG "nexttrade.blogspot.com"

Tongher testing strong support of RM3.36-40

Tongher has just announced its results for QE30/9/2007 . Its net profit declined by 38% q-o-q or 26% y-o-y to RM15.2 million while its turnover of RM139 million is slightly lower than that recorded in QE30/6/2007 but 58% higher than that reported in the same quarter last year. The poor performance was attributed to lower demand for its products, which coupled with higher raw material costs, has resulted in a drop in its profit margin.



The share price has dropped back since making its high of RM4.53 recorded on October 1st. The sharp price run-up in September & October preceded the bonus issue of 1:3, which went ex on October 16. Since then, the share price has corrected back about 22% (based on yesterday's closing price of RM3.52). In this morning session, the share price dropped 12 sen to close at RM3.40. This is very near the strong horizontal support of RM3.36-40 level, where a rebound may happen. If this support is violated, then the share price may test its uptrend line support at RM3.06-10 level. The uptrend line support could be a entry level for this very well-managed company.

Based on the last 4 quarters' EPS of 61 sen, Tongher is now trading at a trailing PE of 5-6 times. We do not know what's Tongher's future EPS will be, but assuming that it is 30% lower than the last 4 quarters' EPS, Tongher could be earning about 43 sen per share. Thus, at the price of RM3.40, it may be trading at a future PE of 8 times. Even at this adjusted earning, Tongher is still an attractive stock. Watch this stock closely.

TONGHER IS A LONG TERM GROWTH STOCK, TO ACCUMULATE ON DIP WHEN MARKET IN CORRECTION MODE IS A GOOD IDEA.

PARKSON HK LATEST QTR RESULTS

百盛上季多賺45% 符預期 (明報) 11月 24日 星期六 05:05AM

【明報專訊】百盛（3368）昨公布第3季度業績，營業額上升32%至6.95億元（人民幣．下同），股東應佔利潤上升45%至1.5億元，符合市場預期。百盛已連續第8季取得超過40%以上的盈利增長。

連續8季增長逾40%

美林早前發表報告指，公司連續7季錄得超過40%的盈利增長，並指同店銷售增長、收購以及稅率調低等因素支持下，預期07至09年度的每股盈利複合年增長達39%。美林也表示，公司有望在短期內再向母公司收購資產，又可能拆細股份，均有機會推動股價。百盛經營的百貨店數目達40間，根據法巴報告，公司計劃每12個月增加3至5間新店，看重二、三線城市的消費能力上升。

內地10月零售銷售增長加速至18%，作為內地零售消費股的百盛，受全球經濟放緩影響也較小。

根據百盛第3季度業績報告顯示，今年前3季營業額上升48.2%至21.8億元，經營利潤增加53%至7億元。

HOW MILLIONS OF DOLLAR IS WASTED - 3

PROTON SAGA 20 YEARS AGO


PROTON SAGA TODAY.

DO U SEE IMPROVEMENT ?

ADDED 2 LINK

I have added 2 link in my blog:

1)Samgoss - He has make good recommendation on stocks in Bursa Malaysia. But most importantly he only recommend undervalue stock based on Fundamental.

2)Talk & Share - A place to share opinion and seek advise.

HOW MILLIONS OF DOLLAR IS WASTED - 2

MPSP BUILDING IN BANDAR PERDA. BUKIT MERTAJAM, PENANG.

Another good example of how public fund is wasted in constructing a high rise 'WHITE ELEPHANT'

Do we need a high rise building like this one for a small town district council ?

HOW MILLIONS OF DOLLAR IS WASTED

Traffic jam in Penang Bridge, before Toll Plaza.


Traffic Jam in Penang Bridge, after Toll Plaza.

The above is the common scene in Penang Bridge, hundreds of cars stuck in traffic jam in Penang bridge, millions of dollar is wasted in petrol consumption. This is caused by the failure of Federal & State Government in providing an efficient Public Transport System in Penang.

A MARKET THAT LOSING HIS CHARM

20 years ago, Penang is the leading state in Malaysia, it has the most beautiful beach of Batu Ferringi and tourism is doing go. Today, 20 years later, the tourism industry is dead as well as the dirty beach. Penang is lagging behind the other states in Malaysia.

Same goes to the Country -Malaysia.
Today, 20 years later, Tolls all over the KL, Traffic jams all over the badly maintained roads, all towns occupied by foreign workers ( Legal & illegal), quality of higher education deterioriate, lousy public services, bad securities etc....

Same goes to the stock exchange - Bursa Malaysia.
Today, 20 years later, all quality & the rich investors has gone to Hong Kong (Hang Seng), Singapore (The Strait Time), China ( Shanghai).

All popular unit trust funds now launch new funds for overseas markets.
Now even the small fish like me start to invest in HK & Singapore via OSK.

What you can see now the Bursa Malaysia has difficulty in attracting the retail & foreign investors, WHERE IS THE VOLUME !? ( Maybe KWSP will be the one to rescue Bursa)

INVESTING IDEA FOR BURSA MALAYSIA

The latest export statistic indicated that Malaysia export is not growing compare to last year. Wheres the other Asian Countries (South Korea, Singapore, Vietnam, Thailand, China ) has shown strong growth for the same period.

Our export will be very ugly if we exclude the Petrol & Palm Oil export.

ICAP say we are losing in competitiveness.
The outlook for Malaysia Economy is not optimistic anymore!

THEN what company we should invest in Malaysia ?

I will focus on those Company that have substantial oversea business, and proven tract record.

AND avoid those Company than only focus on Local Market.

US DROP 366 POINT, KLCI DROP 11 POINT ONLY

The KLCI is known to be slow in moving up, but fast in dropping. ie 1 step upward, 3 steps backward.

But this time is different, US drop 366 point, share market everywhere drop 2-3%, we KLCI only drop 11 points or less than 1%. VERY IMPRESSIVE!

IS THIS A INDICATOR THE KLCI WILL RESUME BROAD BASE RALLY IN COMING WEEKS ?

I HOPE SO!