4th Quarter 2013 Results Review

An extremely busy week for my work and compliment with the release of 4th quarter results, I was almost exhausted. Fortunately, I'm still able to blog about it. :)

Since there are so many companies involved, I will just highlight a couple of counters that I'm invested in and posted here earlier.

1) KSL Holdings Bhd
A very surprised negative result and the price has immediately shrunk almost 12% the next day. I think 12% is reasonable because other counters are doing really well. The market is expecting KSL to perform at least on par with the previous quarter result. But unfortunately, it makes a big loss quarter! I thought it's one of the biggest losers after MAS. Nonetheless, it's landbanks in hand definitely worth more than double of RM2.13. So it's still consider undervalued. :)

2) Eversendai Bhd
A couple of months ago, SENDAI's boss asked the investors to buy it's shares because he thinks it is undervalue and there are more projects are coming in, etc. Furthermore, he said SENDAI has already appointed security to do share buy back. Good one, I don't see any transaction yet after the first one. Well, not surprising it is a negative earning this quarter, as the previous quarter offered us a clue already. I'm not sure whether there will be further surprise in the near term. :)

3) Jaya Tiasa Holding Bhd
A disappointed result for JTIASA, due to the reduction of FFB outputs. I thought it will be a lot better as other plantation counters are getting a good results, why not JTIASA? I suspecting the reduction of FFB yield is due to the heavy rain and flooding in late Nov and entire Dec 2013. Perhaps 1Q14 will be better as the rain is only took place in Jan 14 before CNY. Let's see. :)

4) Asia Media Group Bhd
One of my favourite counters last year. It has make another worse result this quarter. Well, I have no idea what is the management and sales team are doing as sales are dropping significantly after collected so much money from the investors. However, the good thing is it's OPEX should not be high as CAPEX is the key thing in this business. Well, the management team really should do something for now to regain investors' confidence. :(

5) M-REITs
A couple of M-REITs are dropping more than 10% recently. Apart from QE news, nothing much that I'm aware of. Perhaps it's a sell down from the foreign investors to cash out. Well, M-REITs have been bullish for a couple of years. Perhaps they are undergoing a retreat, but I'm sure they will come back by giving the more attractive yields. :)

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