Eversendai Corporation Berhad

My apology that I made a mistake by posting a non-relevant article just now. Anyway, I did a thorough study on SENDAI last week and would like to share with you all.

If you are paying attention on this SENDAI lately, it is falling from high point of RM1.70 in mid July till the lowest point of RM0.995 as of today, more than 40% price slides. Do you think it is undervalue or oversold now?

From the look at this counter, it LOOKS LIKE undervalue, even the owner himself told us so and perhaps you can make some free lunches by investing into SENDAI

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Masterskill Continues to be Loser?

MEGB (Masterskill) finally released it's latest quarter result today. Yes, as expected and predicted from all analysts, it is a very disappointed outcome.

MEGB's Q3 2011 net profit has dropped for almost 80% compared to previous Q3 2010, mainly due to poor revenue of 24% and continuously high expenses. High expenses is okay. But MEGB has started 3 consecutive quarter results with lower sales with higher expenses. And this quarter is the worse ever, due to the same reasons given in last quarter report.

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When Will Index Correction End?

It's been 2 months, KLCI index has been dipping for more than 10% as of Thursday closing. What we are looking forward? Will this be a small or big bear?

As I mentioned in my post earlier, the problem is not so complicated as the financial crisis in 2008. Thus, it may not go back to where it starts again. Perhaps 2 to 3 months correction is consider a norm, as no index can goes up forever.

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The Management Integrity Lesson

Selamat Hari Raya and Happy Merdeka Day! I hope you have a great holiday for the past few days.

I went to Times bookstore yesterday and I read a local Chinese stock magazine. A reader wrote in and ask about how's HEVEA doing and what is it's prospect. Interestingly, the author regret that he did write a bright future and good prospect for HEVEA early this year, due to the misled from HEVEA's management. The management told The Edge that they are started to export their products to China and they will improve their revenue and profit in the near term. 

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It's Time To Do 1st Quarter Review

My apology for not updating this blog for more than 2 weeks. My new job is really consuming a lot of my time and effort. It impacts a lot of my time put on stock market. Nonetheless, I hope my new job would not affect my great passion with the local stock market.

Anyway, most of the companies are releasing latest quarter results by these few days. I always believe hard work will brings reward. No doubt, I have to spend my free time, which is during the midnight to go through the companies financial reports which I'm interested.

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Masterskill, Pchem and Uchitec Discussion

Most of the Asia Indexes shot up today and KLCI is still facing a little bit of selling pressure, with -0.6 point as an ending this week. Overall, the gainers are more than the losers. As a result, we couldn't see cheap sale in the market like yesterday afternoon.

I did queue to buy 2 target stocks discussed on my previous post this morning, but they did not hit my target price. Did you trade any stock today? I'm thinking whether there will be any cheap sale on next week? Instead of wasting our time to predict the market, let's review on some of the companies' latest result.

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My Portfolio Quarter Reports Review And Action

Those company quarter reports I concerned will be out by these few days. Some of them have been released on last week and today, they are MUDAJYA, MBMR, NOTION. MEGB's quarter report is tentatively to be announced by coming Wednesday.

In overall, MUDAJYA did quite well this quarter, but it's share price was weak today. I'm expecting it's share price will gradually grow up with the upcoming solid earnings and projects to be awarded. I will continue to keep it for a higher return.

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What Do We Have After CNY?

Market is unpredictable? 

Overall, the Asian market is in green today except KLSE. It opened at 10 points lower. Nonetheless, it managed to turn green before the end of the day. 

Many people said that KLSE is experiencing a short-term correction (fund manager taking profit?) and there are some uncertainties that might cause the index to dip further. To me, it is still in a perfect bull trend in overall. Of course, the market is very hard to predict.

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Why No Discount On My Target Counter?

KLCI index in red again for the 3rd consecutive day. According to the news, the local market went down 19 points today due to the concerns about more monetary tightening policies by China's government. It seems like not a new issue to us.

The big drop of the market supposed to be an opportunity for us to buy some. I did notice some big-cap counters having few percents correction, like CIMB and PCHEM. That's okay. However, when I look at my interested counter price, they didn't drop, at all. What a disappointment!

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Looking For Replacement of MEGB

The KLCI volumes are dropping and some retail speculators started to take profit for the past few trading days. Many speculators out there expecting there will be some minor retracement, so they do what is necessary. 

It's boring on these couple of days, because we don't see anything excited. Well, the only colors display were from the new IPOs debut. Will the index drops further before Chinese New Year? No one will know. Instead of wasting time to predict it, it's better for us to spend some time to relax.

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What Faith for Masterskill?

I'm so sad and sorry, but this is just out of our control. MEGB (Masterskill) share price has been falling sharply for 3 consecutive days from RM2.50, 14% write off so far. Today is the worst day where it closed at RM2.15. With today closing price, MEGB PER is coming back again to 6. 

There is no change on MEGB fundamental and PTPTN resolution is found. In addition, the group also just obtained additional premises of Kota Bharu campus approval from MHEM. Why MEGB share price not goes up but slips? 

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My New Year Stock Portfolio Review

Happy new year to you. What a wonderful vacation I've in Taipei last week. I spent quite some money in investing in self-improvement books and CNY clothes. I hope they will bring me some returns in the near future. 

KLSE index has shot up to 47 point within 3 consecutive days with heavy volumes right after Tiger year. Some analysts said it's caused by foreign investment. May be, as yesterday and today volume has surpassed any trading day in year 2010. The market outlook looks bright.

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Is MEGB Still Worth To Invest?

Education companies are generally known for their defensive qualities, with earnings that are relatively recession-proof due to rising demand for education, the importance society places on quality education, and the increasingly prohibitive cost of obtaining overseas degrees. The expense of a foreign education favours companies providing “twinning” degrees or local alternatives, and allows room for fee hikes.

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Timing Will Tell Right & Wrong?

Most of us are in the mood of Christmas, New Year and holidays. After working hard for a year, it's time to gather around with family, friends and relative to relax and have fun. Yes, time past very fast, Christmas and New Year are around the corner again!

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Mudajaya Group Bhd - Part 2

Well well well, look at MUDAJYA share price today, it has dropped about 6% after I've accumulated it on last 2 weeks ago. What's the bad news that caused the share price further down?

Basically it has no bad news lately, except the 3Q10 earning is a little bit fading compare to 3Q09 due to monsoon season. Nonetheless, the upcoming quarter earnings will be expected running strong due to India IPP project phase claim and monsoon season is over. I also hope MUDAJYA can award with some projects within the country.

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Masterskill Education Group Bhd

Many investors are eyeing on MEGB recently, not because they want to send their childrens in to study, but it's attractive trading share price which selling pressure accelerated sharply over the past few months. 

MEGB, Malaysia's largest operator of non-government nursing colleges, offers nursing courses and allied health education programmes. According to a few analysts, MEGB track record and fundamental still look good. With a shortage of nurses and the rising demand, MEGB is still a potential growth stock to go for.

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