TOP 5 Highest Dividen-paying companies ( September 16 )

This is the list of companies with highest dividen-paying that ex-date is on September ( 13/9 afterward )  not whole year.

5 ) Lbalum = 3.28% ( EXP 30/9/16 )

4 ) Sedania = 3.85% ( EXP 19/9/16 )

3 ) Khind    = 4%      ( EXP 23/9/16 )

2 ) L&G     = 4.6 %   ( EXP 28/9/16 )

1 ) Sapres   = 9.74 %  ( EXP 15/9/16 )

Hevea- A broken Gem is still a Gem

First of all, I would like to thank a " Blogger "  for bringing Hevea to spotlight again. Hevea has been trading boringly last few months. I am glad that they have brought some excitement to Hevea again.

I don't really know the truth of the allegation that made by Robert since I am not an insider. So, my evaluation of Hevea is solely based on the financial report and I still believe that Hevea is a good company and worth the risks.

Here is my reasons:

1 )  Despite all the allegations made by the " Blogger ", the performance of Hevea is still quite satisfactory judging from the latest two quater reports. Nothing really bad as proclaimed by the " Blogger " has happened. Company has turn to a net cash company and profit and margin is good. Cash flow is good too.

2)  Director has fulfilled his promise of rewarding shareholder. As promise in the AGM, director has started to pay dividen ( around 2.2% ) in two consecutive quater report. For me, I would say that he is the man of his word and trustworthy in my humble opinion.

3 )  I don't see any big problem in the latest report. Indeed, the profit has dropped 6% but it is mainly due to the shut down of operation and higher tax which don't really affect the fundamental of company. Besides, It has performed better than its peers such as evergreen and flbhd.

4 )  Hevea's prospect is still good. Tokyo Olympic is coming soon and Japan is the biggest custumer for Hevea. Ringgit is stable at RM 4. Company still focus on high quality product and it is popular in China. Everything seems fine for me.

Conclusion, I would like give my 2sens to those who are still holding keep calm and relax lah. We don't know what proclaimed by the " Blogger " is true or not but judging from the report, it is doing fine!! Ignore all the noises and believe in yourself and have faith. Let's walk through to this storm together!! Cheers !! Have a great day everyone!!

TOP 5 Highest Dividen-paying companies ( August 16 )

This is the list of companies with highest dividen-paying that ex-date is on AUGUST not whole year. For some, please read carefully and stop being ignorant and accusing me of being a liar. Thanks!! Based on all the announcement made and price on 02/0816.

5 )  AHP/ RM 1.02= 2.95% ( 18/8/2016 )

4 ) TNLOGIS/ RM 1.64= 3.05% ( 26/8/2016 )

3 )  PERSTIM/ RM 6.32= 3.17% ( 03/8/2016 )

2 ) PANSAR/ RM 0.45= 4.44% ( 24/8/ 2016 )

1) RCECAP/RM 0.75= 4.67% ( 26/08/2016 )

WZSATU- Awakening of Bauxite

Happy Sunday everyone.

Recently, market is surrounded by hot stocks such as Vivocom, Air Asia, AAX and Bornoil. To give you all a " refreshment ", I would like to introduce a much low-profile company, Wzsatu.

Wzsatu

( i ) Background

Wzsatu was previously a manufacturer of steel products. The performance was not well back then due to the stiff competitions and dropping of the steel price.

However, thing had changed in Oct 2013 where there was a major transformation of company from the emergence of new management team and substantial share holder, Dato Seri Tengku Uzir bin Tengku Dato Ubaidillah to the acquisition of new business. Since then, the company had became the limelight of the investors and the stock price had increased from RM 0. 32 to RM 2.4.

Now, the company is trading at the price around  RM 1.0-1.10.

( ii ) Core business

Wzsatu is involved in four segments which are:

- Civil Engineering and Construction

Most of the projects from this segment are related to construction and maintenance of highway.

- Oil & Gas

Wzsatu is the onshore oil & gas service provider and most of the jobs come from RAPID.

- Mining

Bauxite mining in Kelantan.

- Manufacturing and others business

It also involves in steel manufacturing and trading of cold drawn bright steel and set up a factory recently in Indonesia to reduce the costs and expand its market.

( iii ) Financial Performance

- Revenue 

It can be seen that the revenue from 2012 and 2013 is much more the same which is around RM 85 m and had increased significantly after 2013.

In 2014, the revenue has increased from around RM 89 m to RM 120.29 m ( + 35 % ) and from RM 120.29 m to RM 351.42 ( + 65 % ) in 2015.

- Profit

Same as the revenue, the profit also increased tremendously after 2013 from RM 1.39 m to RM 8.76 m in 2014 ( + 530 % ) and RM 20.73 m in 2015 ( + 136 % ).

# Both of the revenue and profit of Wzsatu has increased significantly after the transformation in 2013.

Debt to Equity Ratio

2015- 0.82

2016- 0.68

# Total liabilities has dropped from RM 203 m  to RM 194 m

Cash Flow-

Net cash has increased significantly from RM 57 m to RM 83m.

( iv ) Advantage-

( i )  Strong performance from Construction segment

- Wzsatu has secured many projects recently such as West Coast Expressway.

- Order book has increased from RM 261 m last year to RM 768 m

- With the current order book, managements are confident that it can last the group for over next two to three years.

( ii ) Bauxite  mining restart

- Bauxite is the main source of aluminium. Increased demand for bauxite is set to continue as aluminium use in developing countries is well below that typical of more developed economies.

- Due to environmental issue, the mining of bauxite has been banned by government for 8 months effective on 15 Jan 16 and now the ban is over and we can expect the mining segment to contribute more profit to the group.

( iii ) Rapid Project

- Despite the negative outlook of O&G sector, Wzsatu has just secured a RM 32.7 m contracts for Rapid Project.

- The project will contribute positive earning for group in 2017 and 2018.

( iv )  Consistent share buy back by the CEO

- YM Dato Seri Tengku Uzir bin Tengku Dato Ubaidillah, which is the CEO of the group has consistently buy back the share since 2014 and his stake has grown to around 25 %.

- I always believe that there can be many reasons why a director sell his share but there can only be one reason for director to buy back his share. It is because the company is undervalued. 

( v ) Disadvantage

- Negative outlook of O&G sector

- Doubts on profitability of SILK

- Environmental issue of Bauxite

# In conclusion, in my humble opinion, with the strong book order of construction segment, Rapid project and restart of Bauxite mining, the prospect of Wzsatu is endless and worth more than its current price.

A Uni Student's thoughts on investing

Recently, I have read an article on newspaper about whether an university student should invest in stock market. It made me think back of my time when I started to invest  when I was 18 years old and it has been five years since then. Today, I am 22 years old and like many of the people who are same age with me, I am still pursued my tertiary education. I am glad that I have realized the important of investing when I still young. Started from 1k to the five figures worth of  portfolio today, I will not say that I have extraordinary or great experience in investing or I have earn big bucks, but I feel confident that I will able reach my financial goal in future.

For me, investing is a lonely path. Not many of my friends realize the important of it as many are still "subsidize" by their parents and money is not really their big concerns. They prefer more to the latest IT gadgets or beautiful girls in College. Even they do, most of them still have the negative perceptions towards stock market such as it is the game for rich or it is a gambling. Funny thing is for them, forex trading is less risky and less "gambling". 

I not really agree with the thinking that stock market is for the rich. Indeed, if you have enough capital, you have the capability to control the price. However, I think it is more to a game which only the strong will survive. If you know the game well, you can turn 1k to 1M and vice versa. At the end, it is nothing but your capability that helps you to survive in this game. 

However, i do agree that stock market is gambling in nature. No matter how those bloggers try to argue or sugarcoat it, we are still a gambler no matter you are a fans of fundamental or technical analysis. We bet that our research is true and it will appreciate in future, we bet that the our analysis of the chart is correct that it is a uptrend.  It is just like our life. Every choice you make and every step you move, you are taking the risk and bet that it is good choice or good move. The point is how are you gonna increase your percentage of winning? There is not a conclusive answer on this. Some might say that fundamental or technical analysis will do or perhaps the tips from your brokers or your friends or maybe all of it.

Undeniable, all of them are important for every traders but does it really help you to increase your chance of winning significantly? From my experience, I don't think so. Look around the street, if they really work then I think the investment bankers or perhaps those mutual fund managers have already make millions of dollar by trading. They have the best technical software, or may be a degree of finance and the direct tips but do they really outperform the index? Unfortunately, most of them don't. We all know that they are earning big bucks by the brokerage fees ,management fees and selling "story' and "research" to retails investors with their genuine intentions. 

Throughout my years of investing, I realize that indeed those skills are important but what determines a good and bad investment is always about your vision and your perceptions. Do u have the ability to forecast what the world need in one year time or maybe ten years? Can you predict the future trends of our society？ Take an example, can you forecast the world's demands on electric car before the rise of Tesla? Or can you predicts the revolution of the way we shop from physical store to e-shopping before the rise of E-bay and Alibaba? Technical and fundamental analysis only can give you a guidance of the past performance of a company but you need to be visionary and able to see whether the product of the company is needed by the world in future and whether the company have the good prospect in future. Just like what Mr Koon Yew Yin said ( although I not really agree with his stock picks), the company must be able to make more money than last year. At the end, just like starting up a business, you must be visionary in making your decision.

It is just my own opinions. Everyone has their own philosophy and methods. If you don't agree with me, just treat this as a joke and no hard feeling ya. After all, the only method works is the method that help you earn money right? Thanks for viewing everyone and wish you all the best in your life.

一名大学生的投资心得

最近星洲的一篇大学生适不适合投资让我有所共鸣。我的投资旅途从18岁那年开始。转眼已过了5年，今年我已经22岁了。像许多同龄的朋友，我还在升学，但我很庆幸能在大学时期就时意识到理财投资的重要。从一千块开始投资到今天的六位数的数额，我不敢说自己在投资上经验丰富或赚了很多很多钱，但我相信我有能力通过投资达到自己所设下的目标。

对我而言，投资是孤独的路。周遭的朋友对股票如同常人还是拥有极大的偏见，认为股票是有钱人的游戏或者是赌博。对前者我并不认同。我觉得股票无关管资金。不可否认，一些大户确实有能力操控股价。但这是适者生存的游戏。只要有本事，一千也能变出一百万。相反的没本事，金山也不够你输。当然，对于赌博的见解，我并不否认。不管所谓的正牌博客如何包装，股票确实有着赌的成分。不管你的功课做得多好，你赌的是你的分析和预测会在将来实现。这就如同我们的人生一般，每个选择都是在和命运赌博。重点在于你靠什么来提高你的胜算？有些人认为是基本面，技术面或者是靠小道消息。这问题缠绕着许多股民。我相信没有任何人能给个明确的答案。

就我而言，基本面，技术面和小道消息重要，缺一不可。但具备以上条件真的能让你赢多输少吗？所谓的RSI,MACD, BOLLINGER BANDS 真的能够让你准确的预测股价未来的动向？我并不觉得。如果以上的条件真的那么有效，那那些股票经理和金融业的精英早就发了。他们的小道消息比我们准，金融知识比我们丰富而且用着几百千的软件，但多数基金还是跑输大市。更不用说我们这些处于弱势和资源缺乏的散户。这就是股票着迷之处。永远让人猜不透。

这五年来，我领悟到的是其实投资最重要的是你的眼光。如同经营一个生意般，投资讲求的是你对未来的看法和预测。你能否预测未来年一年甚至十年后的经济趋势？打个比方，你能在 Tesla崛起之前，预测到世界对电动车的需求吗？你能否在Ebay淘宝崛起之前，预测到世界对网购的需求？如果你有如此精准的眼光，那你必定能在投资这条路上有一番的成就。

当然，我必须强调这些只是我的个人见解。每个人都有各自的看法。我还是建议新手在下场时必须具备一定的知识，但最重要的还是你有做生意的眼光吗？最后，笔者希望所有读者们能够投资的道路上实现各自梦想。加油! !

HEVEA ( The Hidden Gem )

Hevea

Happy Monday Everyone. This is a translation of my recent article. Hope you all enjoy it. Thanks :)

Hevea was once a controversial and hot stock in 2015. The stock price has rocket up from RM1.68 to RM 3.81 and continue its ride after stock split to RM 1.70. It is mainly due to the strengthening of USD dollar. 

However, in this year, the performance of its share price is less satisfying due to the rebound of MYR in the late 2015 and the malicious attack of a blogger. Hevea has lost its charm since then and currently trading at the level around RM 1.15 to RM 1.24.

( i ) Core Business
- manufacture Particleboard and Ready-to- Assemble Furniture ( RTA )
- Each has contributed half of the revenue
- The main export countries included Japan ( 30 % ) and China ( 20 % )

( ii ) Financial Result

- Revenue 

It has grown from 373 M in 2011 to 503 M in 2015, ( average 5 % per year )

- Profit

Tremendous growth. From 3.34 M in 2011 to 73.57 M in 2015. ( average 20 % per year  )

- Profit Margin

The phenomenal growth of profit is mainly contributed by the increase of profit margin throughout the years.

Profit margin has increased significantly from 0.9 % in 2011 to 15% in 2015.

- Cash Flows

Cash flows has been improved significantly too from 44M in 2015 to 92M in 2016.

It also should be noted that Hevea has became net cash company in March 16 after paying off their USD debt.

- Debt to Equity ratio

2015- 0.39

2016- 0.2

The total liabilities of company has dropped from 135 M to 74 M

( iii ) Competitor ( Evergreen )

- Market Capitalization

Evergreen - 863 M

Hevea - 554 M

- PE

Evergreen - 9.27

Hevea - 6.9

- Dividen ( 2016 ) 

Evergreen- 1%

Hevea - 1.45 %

- Profit Margin ( 2016 )

Evergreen - 8 %

Hevea -  13.8 %

# To summarize, compare with Evergreen, Hevea has better profit margin and low PE and also higher dividend yield.

( iv ) Advantage

- Quality and eco-friendly products

The company's products are focused on high-end customers which has better profit margin.

Its quality of the products can be proved by its capability to export to the  Japan and China.

- Stable and healthy financial position

Hevea has turned to net cash company and debt has reduced significantly.

- Low PE

Compare to its competitor ( Evergreen - 9.27 ), Hevea has a lower PE of 6.9

- Tokyo Olympic 2020

As mentioned above, Japan is the largest export country of Hevea.

Tokyo Olympic will definitely help to boost the demand of its products.

- Stable currency

Beyond doubt, the strengthening of MYR recently will affect the profit of Hevea, but it has stable in the last few months at the level of RM 4.00. 

I believe that as long as it sustains in the current level, it will not affect the profitability of Hevea.

After all, we invest in a company for its value not the up and down of the currency.

( v ) Disadvantage

- The decline of economic of Japan and China

- Strengthening of MYR

Conclusion, I believe that Hevea is a company with strong fundamental and endless prospect and worth more than its current price.

* For sharing purpose. NOT a buy or Sell call. Thanks :)

Hevea ( 被遗忘的宝石 ）

HEVEA


周末愉快！！今天要介绍的公司是 HEVEA。

HEVEA 在去年非常火红和富满争议性。在强势美金的趋势下， 股价一度从 RM 1，68 涨至RM3.81并在拆股后继续飙升至 RM 1.70.
但是今年股价则显得低迷。部落客的攻击和强势马币一度迫使股价下滑至 RM 1.11。如今股价徘徊在 RM 1.15 - RM1.24。

（ i） 业务

- 出口刨花板 （ Particleboard ）和 组装家具 (  RTA )
- 各占业绩的一半
- 最大的出口国家是日本（ 30 % ） 和中国 （ 20 % ）

（ ii ）财务状况

-营业额·

从2011年的373M增长至2015年的503M ( 平均每年5 % ）

- 净利
惊人的成长。从2011年的3.34M增长至2015年的73.57M ( 平均每年20 % ）

- 利润率
净利的大幅度成长主要归功于利润率的改善。
从2011 年 的0.90 % 增长至 2015年的15 %。

- 现金流
相比去年， Hevea 的现金流有明显的改善。
从2015年的44M 增至 92 M
HEVEA也成功在今年三月成为净现金公司。

- 权益负债率 （ Debt to equity ratio )

2015- 0.39

2016- 0.2

债务有明显的减少。

从135M 减至74M

（ iii）竞争对手 （ EVERGREEN )

市值

- EVERGREEN- 863M 

- HEVEA- 554M

本益比  （ PE )

- EVERGREEN- 9.27

- HEVEA - 6.9

股息

2016

- EVERGREEN- 1%

- HEVEA- 1.45%

2015-

- EVERGREEN- 

利润率 ( 2016 第一季报/ 31/316 ）

- EVEEGREEN- 8%

- HEVEA- 13.8%

主要出口国家

- EVERGREEN- 东盟 和 中东

- HEVEA- 日本和中国

# 相比EVERGREEN,虽然HEVEA市值比EVERGREEN小，但 HEVEA拥有更优越的利润和较低的本益比。

   此外， HEVEA也提供更高的股息。

（ iv ) 优势

 

- 高品质和环保的产品

管理层致力于提供高品质和绿化产品

Hevea之所以能在竞争激烈的中国和严格规准的日本是靠产品的品质。

- 稳定和健康的财务状况

HEVEA 已在今年三月成为净现金的公司。

健康的现金流和幅减少的债务。

- 低本益比

相比同行EVERGREEN（ 9.27 ）, HEVEA的本益比只有6.9

- 2020东京奥运

日本是HEVEA最大的出口国。

2020 东京奥运无疑将有益于HEVEA的订单。

- 稳定的汇率

不可否认，马币近期的走强会影响HEVEA的赚幅。

但已有所稳定，近期徘徊在 4.00 左右。只要没有大幅度的变动，对HEVEA影响将不大。

（ v ）劣势

- 马币走强

- 日本和中国经济面临衰退

- 股息低

总结， HEVEA是只基本面强稳和财务健康的公司并且拥有无限的前景。

我相信长远来看，HEVEA将会提供股东优厚的回报。

TUNEPRO ( July Potential Stock )

TUNEPRO





( i ) Core business: Gobal Travel Insurance, General Insurance & Digital Insurance

- Global Insurance- 40% of Revenue


                             - 80 % of it is from Asia Countries ( Malaysia, Philipines and Indonesia ) and 20 % is from middle east


                            - Air Asia contributes 90 % of the sales


- General Insurance- 60% of Revenue


                               - Business is based in Malaysia and Thailand


                              - Motor insurance contributes 30 % of the sales


- Digital insurance- online insurance




( ii ) Financial Result





- Revenue

From 2011 to 2015, revenue has grown tremendously from 54.8 M to 357.7 M ( 552 % )/ Average 100 % per year


- Profit

Profit also grew from 27 M in 2011 to 69 M in 2015. ( average 12 % per year )


- Profit Margin

consistently above 20 %









Debt to Equity Ratio

2015- 1.46

2016- 1.55

Although, the debt has increased, but it is still acceptable for a fast growing company.






( iii ) Competitor ( LPI/ Takaful )


- PE

LPI- 16

Takaful- 21

Tunepro- 14



- Average Profit Margin ( 2011 -2015 )

LPI - 26 %

TAKAFUL - 7.5 %

TUNEPRO - 20 %

- Stock performance over a year

LPI- + 10.68 %

Takaful- + 3.25 %

Tunepro- -3.15


- Profit growth ( 1sr Quater 16/ 31/3/16 )

LPI- 15.8 %

Takaful- 0 %

Tunepro- 41 %


- Dividen ( 2016 )

LPI- 3.26 %

Takaful - 1.8 %

Tunepro- 3.4 %


# Comapred to the competitors, Tunepro did well in growing their business and offer the highest dividen to share holder. Besides, TUNEPRO is also undervalued as its PE is lowest among the companies in same industry.


( iii ) Advantage

- Strong support from AirAsia

As mentioned above, 90 % of sales of travel insurance is contributed by AirAsia.


Average 1 out of 4 persons who purchase Airasia tickets will purchase Tune Insurance.


Based on the Airasia quater report, number of passengers carried has increased 17% and Tunepro will

definitely benefit from the growth of number of passengers.

- Management has worked hard in diversifying the business and reduce the relliance on Airasia


Tunepro has expanded the business to Asean countries and also Middle East.


Partnership with Cebu Pacific Airline and also Emirates.



- Generous Dividen and low PE


Dividen payout ration of 40 %/ 3.4 %


Low Pe- 14



( iv ) Disadvantage

- Too rely on Airasia


- Tunepro will face huge claims if air crash happens again.

Conclsuion

Tunepro is a company with strong fundamental and endless potential.

As long as Airasia and global tourism keep on growthing, Tunepro will certainy benefit most from it.

TUNEPRO ( 七月潜力股 ）

TUNEPRO 简介



( i ) 核心业务: 销售旅行保险（ Global travel insurance ) /普险业务 ( General Insurance)/ 网上保险 （ digital insurance )

-旅行保险 - 占四成的营业额


                  - 80 % 的业务来自亚洲（马来西亚／印尼／菲力宾／泰国）20 % 的业务来自中东国家


                  - Air Asia 贡献 90% 的业绩 

-普险业务 - 占六成的营业额

                  - 业务来自马来西亚和泰国


                  - 车险（motor　insurance）贡献最大的业绩- 30%



-网上保险 - 可通过电脑或电话在网上购买保险

（ ii ） 财务状况

- 营业额 （ REVENUE )


对比2011 至 2015 五年的营业额，Tunepro 从54.8 M 增长至 357.7 M.


增长了 552 %. 平均每年惊人的100%增长率。






- 净利 （ PROFIT )


对比2011 至2015，增长率也很惊人。


从27M 增至 69 M ( 平均每年 12% 的增长 ）






- 利润率 （ Profit Margin )

平均每年 20 %


- 权益负债率 （ Debt to equity ratio )


2015 - 1.46


2016 - 1.55


虽然债务有所增加，但对于成长性公司还算是可以接受的范围


而且手握40M 的现金




(iii) 同行比较 ( LPI / TAKAFUL )


- 本益比（ PE ）


LPI            - 16


TAKAFUL - 21


TUNEPRO - 14


- 平均利润率（ Profit Margin ) ( 2011- 2015）


LPI - 26 %


TAKAFUL - 7.5 %


TUNEPRO - 20 %



- 股价一年表现


LPI- +10.68%


TAKAFUL- + 3.25%


TUNEPRO- -3.4%



- 盈利增长 （ 16年第一季财报 / 31/3/16 ）


LPI - 15.8 %


TAKAFUL - 0%


TUNEPRO - 41 %




- 股息 ( 2016 )


LPI - 3.26 %


TAKAFUL - 1.8 %


TUNEPRO - 3.4 %


#总和来说， 相比同行TUNEPRO各方面的表现算是标青而且PE算是最低和派发最高股息。




(iv) 优势

- 亚航做靠山


90% 的TUNEPRO旅游保险来自亚航。


根据亚航3月的季报， 总带客量成长17%并预测将会持续成长。


每四位购买亚航机票的顾客平均将会有一人购买TUNEPRO的保险。


因此，TUNEPRO将是最大的受益者。




- 管理层积极扩展业务，减少对亚航的依赖


TUNEPRO的业务已扩展至邻国和中东国家。


合作的航空伙伴包括菲律宾的CEBU PACIFIC AIR和 中东的Emirates





- 简化和电子化保险手续


相比其他同行， TUNEPRO的网页比较简单方便/ 索偿手续也比较快速，可以在网上完成。


长远来看这将是 TUNEPRO最大的优势




- 优厚的股息 3.4 %


同行最高的股息




-股价低估


本益比-14/ 相比同行是最低




(V) 劣势


- 太过依赖亚航


- 如果发生重大空难，将面临庞大的赔偿




总结


TUNEPRO长远来看将是个不错的公司。


只要亚航和全球的旅游业持续成长，TUNEPRO 将是最大的收益者。

          

　　　　　

Top 10 companies with highest dividen-paying ( July16 )

10 ) SAPIND / RM0.99 =  3 %  ( EX 14/07/16 )

9 ) IPMUDA/ RM 0.96 = 3.125% ( EX 13/07/16 )

8 ) AZRB/ RM 0.635 =  3.14 %  ( EX 18/07/16 )

7 ) KIMLUN/ RM 1.82 = 3.18 % ( EX 15/07/16 )

6 ) MJPERAK/ RM0.315= 3.43 % ( EX 29/07/16 )

5 ) PRESTAR/ RM0.565= 3.54 % ( EX 27/07/16 )

4 ) MITRA/ RM 1.33 = 3.76 % ( EX 15/07/16 )

3 ) UPA/ RM 2.28= 3.95 % ( EX 13/07/16 )

2 ) SAM/ RM 7.9= 5 % ( EX 19/07/16 )

1 ) FAVCO/ RM 2.56= 5.86 % ( EX 28/07/16 )

* All the calculations are based on the closed price on 8/7/16