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Sunday, December 16, 2012

Company Reviews ~ November 2012

Adventa Bhd (7191) ~ current price @ 1.94
Sept 2012 - CIMB Equities Research ~ target price 2.10

Affin Holdings Bhd (5185) ~ current price @ 3.34
Nov 2012 - Alliance Research ~ target price 3.93

Airasia Bhd (5099) ~ current price @ 2.67
Sept 2012 - RHB Research Institute ~ target price 3.63
Sept 2012 - CIMB Research ~ target price 3.50
Sept 2012 - Affin Investment Research ~ target price 3.70

Oct 2012 - RHB Research Institute ~ fair value 3.63
Oct 2012 - OSK Research ~ fair value 3.91

Nov 2012 - CIMB Equities Research ~ target price 3.50
Nov 2012 - RHB Research Institute ~ fair value 3.61
Nov 2012 - Kenanga Research ~ target price 3.07
Nov 2012 - MIDF Research ~ target price 3.84

Alliance Financial Group Bhd (2488) ~ current price @ 4.23
Sept 2012 - Hong Leong Investment Bank Research ~ target price 4.53

AMMB Holdings Bhd (1015) ~ current price @ 6.48
Nov 2012 - CIMB Equities Research ~ target price 6.83

Astro Malaysia Holdings Bhd (6399) ~ current price @ 2.95
Nov 2012 - JP Morgan ~ target price 3.00
Nov 2012 - Maybank Research ~ target price 3.70
Nov 2012 - CIMB Research ~ target price 3.30
Nov 2012 - Goldman Sach ~ target price 3.20

Axiata Group Berhad (6888) ~ current price @ 6.51
Sept 2012 - Hwang DBS Vickers Research ~ target price 5.80
Sept 2012 - Alliance Research ~ target price 6.84
Sept 2012 - Kenanga Research ~ target price 6.33
Sept 2012 - Affin Investment Research ~ target price 5.08
Sept 2012 - Nomura ~ target price 7.10

Berjaya Sports Toto Bhd (1562) ~ current price @ 4.44
Sept 2012 - RHB Research Institute ~ target price 4.55

BIMB Holdings Bhd (5258) ~ current price @ 2.89
Sept 2012 - CIMB Equities Research ~ target price 3.78
Sept 2012 - Kenanga Research ~ target price 3.60

Carlsberg Brewery Malaysia Bhd (2836) ~ current price @ 12.82
Oct 2012 - RHB Research Institute ~ fair value 12.40

Nov 2012 - Kenanga Investment Research ~ target price 14.10
Nov 2012 - Maybank KE Research ~ target price 13.50

CB Industrial Product Holding (7076) ~ current price @ 2.70
Sept 2012 - OSK Research ~ target price 3.28

CIMB Group Holdings Bhd (1023) ~ current price @ 7.58
Nov 2012 - CIMB Equities Research ~ fair value 8.70

Crest Builder Holdings Bhd (8591) ~ current price @ 0.845
Sept 2012 - Kenanga Investment Research ~ target price 1.34

Daibochi Plastic & Packaging (8125) ~ current price @ 2.47
Oct 2012 - RHB Research Institute ~ fair value 2.91

Dialog Group Bhd (7277) ~ current price @ 2.41
Sept 2012 - CIMB Equities Research ~ target price 2.91
Sept 2012 - Affin Investment Research ~ target price 2.76.

Nov 2012 - CIMB Equities Research ~ target price 3.00

Dijaya Corporation Bhd (5401) ~ current price @ 1.03
Oct 2012 - ECM Libra Investment Research ~ target price 1.57

Digi.com Bhd (6947) ~ current price @ 5.04
Sept 2012 - Affin Investment Research ~ target price 4.75

Fajarbaru Builder Group (7047) ~ current price @ 0.655
Nov 2012 - RHB Research Institute ~ fair value 0.71

Felda Global Ventures Holdings Bhd (5222) ~ current price @ 4.60
Sept 2012 - Hwang DBS Vickers Research ~ target price 5.05

Gamuda Bhd (5398) ~ current price @ 3.64
Sept 2012 - OSK Research ~ fair value 4.46
Sept 2012 - TA Securities ~ target price 4.32

Gas Malaysia Bhd (5209) ~ current price @ 2.58
Sept 2012 - Kenanga ~ target price 2.94

Nov 2012 - HwangDBS Vickers Research ~ target price 2.95
Nov 2012 - CIMB Equities Research ~ target price 3.07
Nov 2012 - MIDF Research ~ target price 3.11
Nov 2012 - Affin Investment Bank ~ target price 3.00

Genting (3182) ~ current price @ 9.29
Nov 2012 - CIMB Equities Research ~ target price 10.90

Hartalega Holdings Bhd (5168) ~ current price @ 4.85
Sept 2012 - CIMB Research ~ target price 5.01

Nov 2012 - CIMB Equities Research ~ target price 5.66
Nov 2012 - MIDF Research ~ target price 5.10

Hong Leong Bank (5819) ~ current price @ 14.76
Nov 2012 - Hwang DBS Vickers Research ~ target price 17.00

Hua Yang Bhd (5062) ~ current price @ 1.54


Sept 2012 -TA Securities ~ target price 2.63

Hunza Properties Bhd (5018) ~ current price @ 1.51
Sept 2012 - Kenanga Investment Research ~ target price 1.50

IJM Corporation Bhd (3336) ~ current price @ 4.93
Sept 2012 - RHB Research Institute ~ fair value 4.73
Sept 2012 - TA Securities ~ target price 5.77
Sept 2012 - Hong Leong Investment Research ~ target price 5.48
Sept 2012 - Credit Suisse Research ~ target price 7.10
Sept 2012 - CIMB Equities Research ~ target price 5.30

Oct 2012 - CIMB Equities Research ~ target price 5.50

IJM Land Berhad (5215) ~ current price @ 2.03
Sept 2012 - RHB Research ~ fair value 2.89
Sept 2012 - Kenanga Investment Research ~ target price 2.60

IOI Corporation (1961) ~ current price @ 4.97
Nov 2012 - Public Investment Bank Research ~ target price 5.59
Nov 2012 - Kenanga Research ~ target price 4.70

Ireka Corp (8834) ~ current price @ 0.68
Nov 2012 - Affin Investment Research ~ target price 1.06

JCY International Berhad (5161) ~ current price @ 0.65
Oct 2012 - Kenanga Investment Research ~ target price 0.85
Oct 2012 - OSK Research ~ target price 0.88

JT International (2615) ~ current price @ 6.63
Nov 2012 - CIMB Equities Research ~ target price 7.00

KFC (3492) ~ current price @ 3.96
Nov 2012 - RHB Research Institute ~ target price 4.00

KLCC Property Bhd (5089) ~ current price @ 6.18
Nov 2012 - HwangDBS Vickers Research ~ target price 6.90

KL Kepong (2445) ~ current price @ 21.32
Nov 2012 - Kenanga Research ~ target price 20.00

Kossan Rubber Industries Bhd (7153) ~ current price @ 3.29
Sept 2012 - RHB Research ~ fair value 3.73

KPJ Healthcare Bhd (5878) ~ current price @ 5.56
Sept 2012 - RHB Research ~ fair value 6.86

Latexx Partners Bhd (7064) ~ current price @ 2.09
Oct 2012 - CIMB Equities Research ~ target price 2.30

Lion Industries (4235) ~ current price @ 0.935
Nov 2012 - RHB Research Institute ~ fair value 1.70

MAS (3786) ~ current price @ 0.725
Nov 2012 - Affin Investment Bank Research ~ target price of 0.85
Nov 2012 - Maybank Investment Bank ~ target price 1.20
Nov 2012 - RHB ~ target price 0.83

Mah Sing Group Bhd (8583) ~ current price @ 2.10
Sept 2012 - Kenanga Investment Research ~ target price 2.40

Malaysia Building Society Bhd (1171) ~ current price @ 2.25
Sept 2012 - OSK Investment Banking ~ fair value 3.02

Malaysia Marine and Heavy Engineering  (5186) ~ current price @ 4.46
Nov 2012 - Maybank KE Research ~ target price 5.00
Nov 2012 - Affin Investment Bank ~ target price 4.02

Malaysia Steel Works (KL) Bhd (5098) ~ current price @ 0.85
Sept 2012 - OSK Research Sdn Bhd ~ fair value of 0.83

Malaysian Resources Corp (1651) ~ current price @ 1.54
Sept 2012 - UOB Kay Hian ~ target price 2.03

Oct 2012 - Hwang DBS Vickers Research ~ target price 1.65
Oct 2012 - Affin Investment Research ~ target price 2.71

Maxis Bhd (6012) ~ current price @ 6.56
Sept 2012 - Affin Investment Research ~ target price 6.76
Sept 2012 - Nomura ~ target price 6.20
Sept 2012 - Public Investment Bank ~ target price 7.26

Nov 2012 - Maybank Investment Bank Research ~ target price 6.80

Malayan Banking Bhd (1155) ~ current price @ 9.02
Oct 2012 - CIMB Equities Research ~ target price 11.60
Oct 2012 - Affin Investment Research ~ target price 9.16

Nov 2012 - CIMB Equities Research ~ target price 11.00

Malaysia Building Society Bhd (1171) ~ current price @ 2.25
Nov 2012 - RHB Research ~ fair value 2.60

MISC Bhd (3816) ~ current price @ 4.07
Oct 2012 - CIMB Equities Research ~ target price 4.42

Multi-Purpose Holdings Bhd (3859) ~ current price @ 3.48
Sept 2012 - Public Investment Bank ~ target price 3.79

Oct 2012 - Kenanga Research ~target price 4.31

MSM Malaysia Holdings Bhd (5202) ~ current price @ 4.86
Nov 2012 - CIMB Equities Research ~ target price 4.83

Muhibbah Engineering (5703) ~ current price @ 0.86
Nov 2012 - CIMB Equities Research ~ target price 0.90

Nestle (4707) ~ current price @ 63.98
Nov 2012 - CIMB Equities Research ~ target price 65.36
Old Town Berhad (5201) ~ current price @ 2.01
Sept 2012 - JF Apex Securities Bhd ~ target price 2.23
Sept 2012 - OSK Research ~ fair value 2.31

Parkson Holdings Bhd (5657) ~ current price @ 4.60
Sept 2012 - Public Investment Bank ~ target price 5.73

Nov 2012 - RHB Research ~ fair value 5.32
Nov 2012 - Kenanga Research ~ target price 5.13
Nov 2012 - Affin Investment Bank ~ target price 4.84

Pavilion REIT (5212) ~ current price @ 1.37
Nov 2012 - CIMB Equities Research ~ target price 1.55

Perdana Petroleum Berhad (7108) ~ current price @ 1.00
Sept 2012 - RHB Research Institute ~ fair value 0.82

Perisai Petroleum Teknologi (0047) ~ current price @ 1.08
Sept 2012 - UOB Kay Hian Malaysia Research ~ target price 1.59
Sept 2012 - CIMB Equities Research ~ target price 1.53

Nov 2012 - Maybank KE Research ~ target price 1.40
Nov 2012 - CIMB Equities Research ~ target price 1.57
Nov 2012 - Kenanga Research ~ target price 1.48

Petra Energy Bhd (5133) ~ current price @ 1.63
Nov 2012 - Affin Investment Bank ~ target price 1.95

Petronas Dagangan Bhd (5681) ~ current price @ 22.18
Sept 2012 - CIMB Research ~ target price 24.60

Petronas Gas Bhd (6033) ~ current price @ 18.64
Nov 2012 - Affin Investment Bank ~ target price 16.60

Pharmaniaga Bhd (7081) ~ current price @ 8.11
Nov 2012 - Hong Leong Investment Bank ~ target price 9.17

Pintaras Jaya Bhd (9598) ~ current price @ 3.18
Sept 2012 - OSK Retail Research ~ target price 3.99

Pos Malaysia (4634)  ~ current price @ 3.35
Nov 2012 - Kenanga Research ~ target price 3.90
Nov 2012 - Hong Leong Investment Bank ~ target price 3.20

PPB Group Bhd (4065) ~ current price @ 11.70
Sept 2012 - AmResearch ~ target price 15.90
Sept 2012 - KAF Seagroatt & Campbell Research ~ target price 14.00
Sept 2012 - Hwang DBS Vickers ~ target price 11.00

Public Bank Bhd (1295) ~ current price @ 15.94
Sept 2012 - Maybank Investment Research ~ target price 16.00

Puncak Niaga Holdings Bhd (6807) ~ current price @ 1.27
Sept 2012 - OSK Research Sdn Bhd ~ fair value 2.08

QL Resources Berhad (7084) ~ current price @ 3.09
Sept 2012 - Maybank Investment Bank Research ~ target price 3.75

Oct 2012 - JF Apex Securities Research ~ target price 3.70

Nov 2012 - RHB Research Institute ~ fair value 3.60
Nov 2012 - Nomura Equity Research ~ target price 3.80

RHB Capital (1066) ~ current price @ 7.64
Nov 2012 - Alliance Research ~ target price 8.89

SapuraKencana Petroleum Bhd (5218) ~ current price @ 2.97
Sept 2012 - UOB Kay Hian Malaysia Research ~ target price 2.80
Sept 2012 - Affin Investment Research ~ target price 2.65
Sept 2012 - OSK Research ~ fair value 2.88
Sept 2012 - Hong Leong Investment ~ target price 2.77
Sept 2012 - Kenanga Research ~ target price 2.79
Sept 2012 - Maybank Investment Research ~ target price 2.68

Nov 2012 - CIMB Equities Research ~ target price 2.97
Nov 2012 - Kenanga Research ~ fair value 2.90

SEG International Bhd (9792) ~ current price @ 1.89
Nov 2012 - RHB Research ~ target price to 2.00

Sime Darby Bhd (4197) ~ current price @ 9.14
Sept 2012 - Hwang DBS Vickers Research ~ target price 9.80
Sept 2012 - RHB Research Institute ~ fair value 10.56

Nov 2012 - RHB Research Institute ~ fair value 10.56

Southern Steel (5665) ~ current price @ 1.41
Nov 2012 - Hwang DBS Vickers Research ~ target price of 1.80

SP Setia Bhd (8664) ~ current price @ 3.08
Sept 2012 - CIMB Equities Research ~ target price 4.30
Sept 2012 - Kenanga Investment Research ~ target price 3.80
Sept 2012 - Hwang DBS Vickers Research ~ target price 5.10

Nov 2012 - CIMB Investment Bank Bhd ~ target price 4.30

Sunway Real Estate Investment Trust (5176) ~ current price @ 1.48
Oct 2012 - RHB Research Institute ~ fair value 1.63

Syarikat Takaful Malaysia Bhd (6139) ~ current price @ 5.40
Oct 2012 - OSK Research ~ target price 8.00

Tan Chong Motor Holdings Bhd (4405) ~ current price @ 4.40
Sept 2012 - RHB Research Institute ~ fair value 4.75

Tenaga Nasional Bhd (5347) ~ current price @ 6.93
Sept 2012 - Affin Investment Research ~ target price 6.60
Sept 2012 - CIMB Equities Research ~ target price 7.98

Oct 2012 - AmInvestment Bank ~ target price 8.15
Oct 2012 - CIMB Equities Research ~ target price 8.40

Nov 2012 - CIMB Equities Research ~ target price 8.55
Nov 2012 - Kenanga Research ~ target price 8.05

Telekom Malaysia Bhd (4863) ~ current price @ 5.83
Sept 2012 - Affin Investment Research ~ target price 6.98
Sept 2012 - Public Investment Research ~ target price 6.55

Oct 2012 - CIMB Research ~ target price 6.60
Oct 2012 - Hong Leong Investment Bank ~ target price 5.94

TH Plantations Bhd (5112) ~ current price @ 2.00
Oct 2012 - Maybank IB Research ~ target price 2.45
Oct 2012 - RHB Research Institute ~ fair value 2.10

Time DotCom Bhd (5031) ~ current price @ 3.85
Sept 2012 - HLIB Research ~ target price 4.12

Top Glove Corporation Bhd (7113) ~ current price @ 5.57
Sept 2012 - RHB Research ~ fair value 6.26
Oct 2012 - AmResearch ~ fair value 6.50

TSH Resources Bhd (9059) ~ current price @ 2.14


Sept 2012 - Kenanga Research ~ target price 2.85
18 Sept 2012 - Kenanga Research ~ raised target price 2.95

UEM Land Holdings Bhd (5148) ~ current price @ 2.12
Sept 2012 - Kenanga Investment Research ~ target price 1.85

Nov 2012 - CIMB Equities Research ~ target price 2.42

Unisem (5005) ~ current price @ 0.875
Nov 2012 - CIMB Equities Research ~ target price 0.97
Nov 2012 - Affin Investment Bank ~ target price 1.36
Nov 2012 - Kenanga Research ~ target price 0.99

UMW Holdings Bhd (4588) ~ current price @ 12.04
Nov 2012 - CIMB Equities Research ~ target price 12.00
Nov 2012 - Kenanga Research ~ target price 12.37

UOA Development Bhd (5200) ~ current price @ 1.77
Sept 2012 - Kenanga Investment Research ~ target price 2.30

Wah Seong Corporation Bhd (5142) ~ current price @ 1.73
Sept 2012 - OSk Research ~ fair value 2.33
Sept 2012 - Hong Leong Investment Bank Research ~ target price 2.10

Nov 2012 - Kenanga Investment Research ~ target price 1.99
Nov 2012 - CIMB Equities Research ~ target price 2.59

WCT Bhd (9679) ~ current price @ 2.35
Nov 2012 - Kenanga Research ~ target price 3.17
Nov 2012 - Hong Leong Investment Bank ~ target price 3.31

Yinson Holdings Bhd (7293) ~ current price @ 1.96
Sept 2012 - Kenanga Investment Research ~ target price 2.68

*Please note that above just some quick information. You still need to find out more info about how they calculated their target price.*

Tuesday, December 11, 2012

The Loft - ZetaPark @ Setapak


Project name:          
The Loft - ZetaPark
Area:                       
Setapak
Developer:               
ZetaPark Development Sdn Bhd 
Type:                      
Condo
Tenure:                   
Leasehold
Price range:             
from RM399,800 to 815,800
Size range:              
from 689 to 1,410 ft2
Price/ft2 range:         
from approx. RM580/ft2
Total Units:
470units
Maintenance fees:
approx. RM0.30/ft2

*Above info @  Dec 2011 

The Developer: 

ZetaPark Development Sdn Bhd is a subsidiary of Fitters Diversified Bhd [Website]
Fitters Diversified Bhd is listed on KLSE (since Oct 1994) with a current share price of 0.62.

Location:
Setapak is not far away from KLCC as shown below and it is close to Melawati and Wangsa Maju. 

Google Map





Price:
Compare with Condo development in Setapak:
  • Zen Suites @ ZetaPark (same developer) ~ price from approx. RM462/ft2 (price info @ Dec 2010) ~ The Loft - ZetaPark is approx. 26% higher
Compare with Condo development nearby:
  • Saville @ Melawati ~ price approx. RM375/ft2 (price info @ Oct 2010) ~ The Loft - ZetaPark is approx. 55% higher


 THE POOL


My View:

The price/ft2 is approx. 26% to 55% higher than other Condo developments as shown above.

Price/ft2 gone up 26% to 55% in a year time? Is this reasonable? Besides Zen Suites @ ZetaPark is developed by the same Developer. You should go visit these developments to see the difference and find out the reasons.

Total units comparison:
  • Zen Suites @ ZetaPark ~ 288 units (Leasehold)
  • Saville @ Melawati ~ 408 units (Freehold)
  • The Loft - ZetaPark ~ 470 units (Leasehold)
Is it worth to pay more for a leasehold or higher density Condo development?


Based on 90% loan for RM399,800, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM1,759. If you are planning to buy & rent out for investment, you need to take these into consideration:

Will ppl willing to pay more than RM1,759 per month to rent a place in Setapak?

Don't forget the approx. monthly repayment of RM1,759 excludes following items:
a) Maintenance fees (approx. RM207/month)
b) Assessment tax
c) Quit rent
d) Interest rates increased for the loan (this is the main risk as BLR still low at the moment)

Buy & rent market, this is not really a good investment opportunity as you are targeting smaller group of people, eg. expat or people working in Setapak or nearby. For RM1,759+207=1,966/month, you can easily rent a condo nearer to KLCC (even bigger in size too).

For own stay, you might need to wait for a longer time before the price/ft2 go up further. 
Other developments with similar RM/ft2:

LIVING AND DINING
 

 

Wednesday, November 28, 2012

MAS (3786) ~ Another Good News for 3Q2012

MAS price is currently @ 1.01




Some updated info:
  • Sept 2012 - MAS provide further discounts for airfares and packages until 14 Sept 2012. Offers are valid for travel from 9 Sept 2012 until 31 March 31 2013 (except for some peak periods) (Profit to MAS)
  • Petronas revenue drop approx. 29% ~ challenging with lower oil prices and this might get worst in 2013/2014 due to bearish economy in US, Europe and. This might be a good news to MAS for lower oil prices. (Potential Future Profit) 
  • Firefly, a subsidiary of MAS, might be returning to its jet operations next year (Potential Future Profit) 
  • MAS issued junior Sukuk amounting to RM500mil
  • MAS has finalised plans adding three international routes from KK starting Dec 2012 (Future Profit)  
  • MAS starts its fifth daily service between KL and Bangkok on 28 Oct 2012 (Profit to MAS)
  • MASKargo, a subsidiary of MAS, replace existing two Boeing 747-400F with Airbus A330-200F which will allow better managing capacity to demand (Profit to MAS)
  • Oct 2012 - Firefly started “Think Rewards, Think Firefly” campaign which passengers can enjoy special offers on meals and car rentals www.fireflyz.com.my/community/rewards (Profit to MAS)
  • MAS starts having double daily Airbus A380 flights from KL to London from 24 Nov 2012 (Profit to MAS)
  • MAS will start daily A380 flight between KL and Paris from March 2013 (Future Profit)  
  • MAS will join oneworld in Feb 2013 (Future Profit)  
  • Nov 2012 - Ethiopian Airlines plans to work with MAS early 2013 eg. work on code sharing and special rate agreement with its Malaysian counterpart (Future Profit) 
  • The Finance Ministry plans to sell as much as RM5.3bil of Islamic bonds under a 20-year programme to help the nation’s loss-making carrier buy new aircraft, according to two people familiar with the deal. Malaysian Airlines (MAS) announced in May it planned to lease six Airbus A380s and two A330s for RM5.3bil that would be purchased by the Government.
  • MASkargo, a subsidiary of MAS, launched 1st freighter service into Federal Territory of Labuan (Profit to MAS)
  • MAS offer 50% discount promotion for its Enrich Frequent Flyer Programme members until 31 Dec 2012 (Profit to MAS)
  • MAS third and fourth Airbus A380 arrived KLIA (Profit to MAS)
  • Remaining two A380s by the 1Q2013 (Future Profit) 
  • Firefly offer 20% discount (Year End Sale) for passengers. Travel period from 8 Jan to 30 June 2013
  • MAS executed a funding deal with Turus Pesawat Sdn Bhd (wholly owned by Ministry of Finance) for an Islamic financing arrangement of approx. RM5.311billion  to buy six A380-800 super jumbos, one A330-200F and A330-300 (Future Profit) 
  • Firefly start offering direct flights between KL and Haikou in China (Profit to MAS)
  • MAS increased flights between KL and Kathmandu to five weekly (Profit to MAS)
  • MAS together with American Express and Maybank offer MAS American Express Business Travel Account (Profit to MAS)
Latest Financial news:

  • MAS latest 3Q2012 net PROFIT approx. RM37million - previous year has a net losses of approx. RM478million (From losses back to profit)
  • Year to date net losses approx. RM484millions - LOWER than previous year which has a net losses of approx. RM1,247million (Approx. 61% less losses)
  • Net asset per share increased to 0.64, previously 2Q2012 is 0.45 (Approx. 42% increased)
Previous investment/research companies view:
  • OSK Research upgraded MAS to “buy” from a “trading buy” with an unchanged fair value of 1.38.
  • 17 analysts by Bloomberg, 12 analysts with a “sell” call, three analysts with “hold” call and two analysts with “buy” call. The target price ranges from 0.85 to 1.79.
  • Kenanga Research maintains its “underperform” rating with a 1.06 target price.
  • Hong Leong Research also maintains its sell call with a 0.92 target price.
So, their range is 0.85 to 1.79. With current share price of 1.01, the share price might drop approx. 16% or shoot up approx. 77%. What do you think?

To me ~ MAS is worth to consider. I'm hoping it will reach 1.50.
Good luck with your investment!!! ^_*

Again as mentioned in my previous post, One main point is MAS have stop paying out dividends since 2008. If you are not risk taker, you should consider put it in the bank for FD and get around 3% interest per annum.

Previous posts related to MAS: