In Need Of A Sanity Check

UEM Edgenta has fallen to its low again today on 22 June 2017:

Edgenta TA.png

Fundamentally, does this make sense?

Based on historical EPS of Edgenta and earnings capitalisation method (shown below), I personally don’t see how Edgenta can go so low in terms of share price. But may be my assumptions are wrong or could there be some new developments that the market is totally not aware. Only time will tell….

Making Sense of Edgenta.png

DISCLAIMER: THIS IS A PERSONAL BLOG AND SHALL NOT BE RELIED IN WHATSOEVER MANNER BY ANYONE. ALL ARTICLES CONTAINED IN THIS SITE ARE STRICTLY FOR INFORMATION AND ILLUSTRATIVE PURPOSES ONLY AND DOES NOT PURPORT TO SHOW ACTUAL RESULTS. IT IS NOT, AND SHOULD NOT BE REGARDED AS INVESTMENT ADVICE OR AS A RECOMMENDATION REGARDING ANY PARTICULAR SECURITY OR COURSE OF ACTION. SOURCES USED IN THIS SITE HAVE NOT BEEN INDEPENDENTLY VERIFIED FOR ACCURACY, COMPLETENESS AND TIMELINESS. YOU SHOULD SEEK INDEPENDENT AND PROFESSIONAL INVESTMENT ADVICE IN REGARD TO YOUR INVESTMENT DECISIONS. THE AUTHOR MAY HOLD POSITIONS IN THE SECURITIES MENTIONED IN THE ARTICLES

Monte Carlo Analysis: FBMKLCI

Out-of-money structured FBMKLCI put warrant (code: 06502L) shall be expiring on 31 July 2017. It has a strike price of 1,625.00 which is significantly below the current index price of FBMKLCI of 1,791.31 (16 June 2017).

H2L.png

What is the likely chance that this put warrant will be in-the-money upon its expiry?

Continue reading “Monte Carlo Analysis: FBMKLCI”

Being Opportunistic

Edgenta listed on the Main Board of Bursa Malaysia, is a member of UEM Group Berhad; one of Malaysia’s leading and well-diversified conglomerate making significant contributions as Malaysia’s preferred partner in nation building. Established since 1963, Faber following its sucessful restructuring exercise ans strategic initiatives has grown into a key player in the Facilities Management and Property Development sectors with its sights set on taking the Group to the next level of growth as a leader in Integrated Facilities Solutions provider covering ASEAN, India Sub-Continent, and Middle East.

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How High Can It Go?

Whilst Malaysian-listed concrete manufacturer OKA Corporation Berhad continues its uptrend trajectory, one should be aware of potential signs for reversal:

  1. It has been trading “free bars” (i.e above the upper range of Keltner Channel);
  2. Declining volume vs rising price:
  3. Two overbought signals in RSI;
  4. Divergence in MACD – declining MACD line vs rising price

OKA_TA_Review_Jun 17 PNG.png

One should also consider the recent insider trades (whereby there were some disposals by the insiders):

InsiderTrades.png

DISCLAIMER: THIS IS A PERSONAL BLOG AND SHALL NOT BE RELIED IN WHATSOEVER MANNER BY ANYONE. ALL ARTICLES CONTAINED IN THIS SITE ARE STRICTLY FOR INFORMATION AND ILLUSTRATIVE PURPOSES ONLY AND DOES NOT PURPORT TO SHOW ACTUAL RESULTS. IT IS NOT, AND SHOULD NOT BE REGARDED AS INVESTMENT ADVICE OR AS A RECOMMENDATION REGARDING ANY PARTICULAR SECURITY OR COURSE OF ACTION. SOURCES USED IN THIS SITE HAVE NOT BEEN INDEPENDENTLY VERIFIED FOR ACCURACY, COMPLETENESS AND TIMELINESS. YOU SHOULD SEEK INDEPENDENT AND PROFESSIONAL INVESTMENT ADVICE IN REGARD TO YOUR INVESTMENT DECISIONS. THE AUTHOR MAY HOLD POSITIONS IN THE SECURITIES MENTIONED IN THE ARTICLES

A Simple 60-Day Forecast

FBMKLCI forecast

Using the Naive function in R programming, the forecast target range for FBMKLCI in the next 60 days is as follows:

  • 1670.108 (80% confidence – low)
  • 1907.892 (80% confidence – high)
  • 1607.170 (95% confidence – low)
  • 1970.830 (95% confidence – high) 

DISCLAIMER: THIS IS A PERSONAL BLOG AND SHALL NOT BE RELIED IN WHATSOEVER MANNER BY ANYONE. ALL ARTICLES CONTAINED IN THIS SITE ARE STRICTLY FOR INFORMATION AND ILLUSTRATIVE PURPOSES ONLY AND DOES NOT PURPORT TO SHOW ACTUAL RESULTS. IT IS NOT, AND SHOULD NOT BE REGARDED AS INVESTMENT ADVICE OR AS A RECOMMENDATION REGARDING ANY PARTICULAR SECURITY OR COURSE OF ACTION. SOURCES USED IN THIS SITE HAVE NOT BEEN INDEPENDENTLY VERIFIED FOR ACCURACY, COMPLETENESS AND TIMELINESS. YOU SHOULD SEEK INDEPENDENT AND PROFESSIONAL INVESTMENT ADVICE IN REGARD TO YOUR INVESTMENT DECISIONS. THE AUTHOR MAY HOLD POSITIONS IN THE SECURITIES MENTIONED IN THE ARTICLES

Timber anyone?

May 2017 –  Three  Malaysian-listed companies reported a more than 10% deviation in their financial results, with WTK Holdings Bhd and Seacera Group Bhd recording added profits, and HCK Capital Group Bhd lower earnings.

Malaysian timber player, WTK Holdings announced that there was a deviation of more than 10% between its audited and unaudited net profits for Q4’2016 ended Dec 31, 2017, mainly attributable to over recognition of net loss of an associate. The group had earlier reported a share of loss of associates of RM21.21 million, higher than the audited share of loss of RM21.07 million, mainly adjusted for realised gain on foreign exchange on settlement of vessel charter rental denominated in US dollars
Continue reading “Timber anyone?”

Waiting For Pullback

ORNAPAPER BERHAD is a leader in the corrugated boards and carton manufacturing industry. Incorporated in 24th July 1990, with its humble beginning in rented premises the company commenced its business activity as a manufacturer of corrugated cartons. Riding on the economic boom of the early 90s and with a continuous investment programme, a new high-technology production and development facility was made available in October 1996.

The company expanded its operation to become a corrugated board manufacturer. With the existing facilities, the company is able to produce 84,000 M/T of corrugated boards and cartons per annum. Strategic service points have been set up in many states in Peninsula Malaysia to provide service and products with the highest possible quality aiming at complete customer satisfaction and delight. Armed with the latest technologies and innovations from around the globe, ORNAPAPER is in the forefront of corrugated boards and carton manufacturing, lifting packaging standards in Malaysia to a new level.

Continue reading “Waiting For Pullback”