Added more EG at share price RM0.8x. Low PE ratio with good growth potential. Quarterly result will be out end of this month, hopefully can have more clue on the growth.
There are many funds holding EA stocks. One of CIMB fund just crossed the 5% holding. I think last November was about 3 million shares if it is the same fund and now 11,108,700 units (5.25%)
Bought IQgroup stock at share price RM2.1x after recommended by Unble Ben. Fundamental not so bad, with some growth potential.
Bought this stock, small quantity at SCGM share price of RM3.5x. I saw the buy recommendation from Public Investment Bank on SCGM stock with 12-month SCGM target price of RM4.00.
Public Investment Bank said...
Biodegradable lunch box would be the next growth driver. The ban on polystyrene food packaging is expected to drive the demand for SCGM’s biodegradable containers due to its environmental-friendly feature. It is a polylactic acid (PLA) food packaging container, which is made from 100% plant-based by products such as barley, tapioca and corn. Unlike the plastic food container, which is made from petroleum by-products that could take up to 100 years to decompose, its PLA food containers only needed 6 months to fully disintegrate. Though the wholesale price for the company’s popbiodegradable lunchbox cost (RM0.12) is more than 30% higher than polystyrene container (RM0.09 each), it is still relatively cheaper compared to alternative packaging such as paper box (RM0.50) or plastic container (RM0.40). Our channel checks showed that the replacement value for polystyrene is about RM500m/year. Currently, the Group has a capacity of producing only 144,000 lunch boxes/ day or 5.2m lunch boxes/year. Management plans to increase the production capacity for lunch boxes and is expected to be ready by 2Q.
Price has gone up for the past one two years. High PE ratio and limited upside. Why I buy?
This is because recently we had Raya makan-makan. Someone brought packets of nasi briyani for us. The packaging is different, same like the photo I share here. Immediately I think of SCGM stock. But not interested in buying.
Then the next day, someone tapao yong tau foo for us. Again, the packaging has changed. Look at the photo. Then I beh tahan already. Went in to buy SGCM.
Few days later I went to SGCM website to check, I couldn't find the one I saw in their products. Maybe I didnt search thoroughly.
Whatever it is, no harm holding SCGM stock, with capacity expansion and growth potential, and also recpommended by analyst.
This Mega First Corporation Bhd stock moved above RM2.00. Too bad I reduced my holdings few weeks ago. I'm thinking lack of direction after their vietnam (is it Vietnam?) contruction. Anyway, I have some, so just be happy also.
With the recent sinking of MBSB share price, bought at RM0.71x. Small quantity. I consider bought at a bit high, because some friends just sold at RM0.69x. Should have bought some from them. Reason of buying because many said price very low already. True also, and I also join in.
They announced the group's 60 per cent-owned subsidiary, OCK Vietnam Towers Pte Ltd, involves the acquisition of 42.04 million ordinary shares of Southeast Asia Telecommunications Holdings Pte Ltd (SEATH), or its entire equity interest, for US$50 million in cash.
The Proposed Acquisition is not expected to have a material effect on the NA and gearing of the Group based on the latest audited financial statements for the FYE 31 December 2015. However, the Proposed Acquisition is expected to contribute positively to the earnings and NA of OCK Group subsequent to the completion of the Proposed Acquisition, envisaged to be completed in the fourth quarter of 2016.
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