1.ltkm (35.76%)
2.masteel (18.73%)
3.jotech-wa (0.98%)
4.gold （5.32%）
5.forex (0.23%)
6.cash （5.0%）
7.others (33.98%)
2009年1月开始至今投资资本市值净赚7.17%
2010年市值净赚8.29%
更新日期：30-11-2010
Tuesday, November 30, 2010
Friday, November 26, 2010
[ANNOUNCEMENT] Masteel's revenue may hit RM1b this year
Company Name:MALAYSIA STEEL WORKS (KL) BHD
Stock Name :MASTEEL
Date Announced:26/11/2010
Reference is made to the article which appeared in The Edge Financial Daily ("TEFD"), on Thursday, 25 November 2010 on the subject matter.Masteel would like to clarify that the revenue may hit RM 1 billion for the financial year ending 31st December, 2010 was an internal management forecast, barring any unforseen circumstances. Dato' Sri Tai Hean Leng, Managing Director/Chief Executive Officer ("MD/CEO") further informed that the Company has planned to invest approximately RM 100 million in various capital expenditure ie.to build a new steel mill; expand its rolling mill to 500,000 metric tonnes per annum (mtpa) from 350,000 mtpa as well as to increase the billet capacity from 450,000 mtpa to 650,000 mtpa by 2012,in order to meet the anticipated increase in steel demand under the various infrastructure and development projects announced under the various government initiatives.This announcement is dated 26 November 2010.
Stock Name :MASTEEL
Date Announced:26/11/2010
Reference is made to the article which appeared in The Edge Financial Daily ("TEFD"), on Thursday, 25 November 2010 on the subject matter.Masteel would like to clarify that the revenue may hit RM 1 billion for the financial year ending 31st December, 2010 was an internal management forecast, barring any unforseen circumstances. Dato' Sri Tai Hean Leng, Managing Director/Chief Executive Officer ("MD/CEO") further informed that the Company has planned to invest approximately RM 100 million in various capital expenditure ie.to build a new steel mill; expand its rolling mill to 500,000 metric tonnes per annum (mtpa) from 350,000 mtpa as well as to increase the billet capacity from 450,000 mtpa to 650,000 mtpa by 2012,in order to meet the anticipated increase in steel demand under the various infrastructure and development projects announced under the various government initiatives.This announcement is dated 26 November 2010.
Sunday, November 21, 2010
【新闻】LTKM expects glass ops to pay off in 2012
EGG producer LTKM Bhd (7085) expects its diversification into processed glass manufacturing to start contributing to earnings in the financial year ending March 31 2012.
Managing director Tan Kok said the company has allocated RM35 million to build the glassmaking plant in Klang, Selangor.
Operations are scheduled to start by early next year.
The plant will have annual production capacity of close to 200,000 sq m of glass, Tan said after LTKM's annual general meeting in Shah Alam, Selangor, yesterday.The new business will be managed by LTKM's subsidiary, Lumiglass Sdn Bhd.
Tan said that although the diversification offers an opportunity for the company to reinvest and diversify its income sources, poultry business will remain its core activity and key financial contributor."
However, we expect the poultry business to be more challenging due to stringent operating requirements, higher prices of raw materials and keen competition from other egg producers," he said.
LTKM's 160ha poultry farm in Malacca produces more than a million eggs a day.
Almost 60 per cent of the eggs are for the domestic market, while the balance is exported to Singapore.
The company's main brand is "LTK Omega Plus".
In the financial year ended March 31 2010, LTKM's pre-tax profit jumped 74 per cent to RM21.069 million from RM12.132 million in the previous year.Revenue, however, eased 2 per cent to RM131.429 million from RM133.537 million. - Bernama Read more:
Managing director Tan Kok said the company has allocated RM35 million to build the glassmaking plant in Klang, Selangor.
Operations are scheduled to start by early next year.
The plant will have annual production capacity of close to 200,000 sq m of glass, Tan said after LTKM's annual general meeting in Shah Alam, Selangor, yesterday.The new business will be managed by LTKM's subsidiary, Lumiglass Sdn Bhd.
Tan said that although the diversification offers an opportunity for the company to reinvest and diversify its income sources, poultry business will remain its core activity and key financial contributor."
However, we expect the poultry business to be more challenging due to stringent operating requirements, higher prices of raw materials and keen competition from other egg producers," he said.
LTKM's 160ha poultry farm in Malacca produces more than a million eggs a day.
Almost 60 per cent of the eggs are for the domestic market, while the balance is exported to Singapore.
The company's main brand is "LTK Omega Plus".
In the financial year ended March 31 2010, LTKM's pre-tax profit jumped 74 per cent to RM21.069 million from RM12.132 million in the previous year.Revenue, however, eased 2 per cent to RM131.429 million from RM133.537 million. - Bernama Read more:
【新闻】Masteel to ride on govt building projects
KUCHING: Malaysia Steel Works (KL) Bhd (Masteel) might report a surprise surge in the latter half of the year in tandem with its efforts to import cheaper scrap metal.
OSK Research Sdn Bhd (OSK Research) in its recent visit to Masteel’s offices affirmed the group was hopeful of riding on a long list of projects announced by the government, especially with its expansion plans well under progress.
The research firm’s construction analyst Ng Sem Guan revealed that during the visit, Masteel’s management explained more on its operations overview as well as the current steel industry outlook.
“After spending some RM60 million to RM70 million over the past two years to modify its furnace and billet caster, management expects billet capacity to progressively increase from 450,000 tonnes per year (tpy) in the financial year 2012 (FY12) by deploying in stages 130mm billets instead of the original 120mm ones,” he said.
“The company has also identified a plant near its existing rolling mill to embark on its downstream expansion plan.
“As the said plant only requires minimum modification conversion to install a new rolling facility, the company has identified three machine suppliers from China to expedite the delivery of the required machines.”
Ng continued to add that Masteel was targeting to increase its rolling capacity to 500,000 tpy upon full commissioning in FY12 with hopes that this would be on time to ride on the string of public infrastructure and building projects announced by the government.
While the OSK Research analyst envisaged weak financial performance from steel mills in the second half of 2010, Masteel suggested that the company’s sales tonnage was particularly encouraging.
“The company has been endeavouring to import containerised scrap metal after the liberalisation of the scrap market since the end of 2008,” Ng underscored. “Although we are surprised at the possible increase in sales volume, we think Masteel may have benefited from being centrally located in the catchment areas of steel demand.
“Being a smaller mill also makes it easier for the group because the volume it produces is way easier for the market to absorb.”
Ng further suspected that the group might have accumulated enough experience in dealing with cheaper scrap imports by container which were normally priced at about a US$20 (approximately RM61.80) discount compared with bulk imports.
“Therefore, we are revising upwards our FY10 estimates by 62.7 per cent to RM42.4 million and FY11 numbers by seven per cent to RM47.5 million.
“We upgrade our call trading to buy with a new target price of RM1.22 per share,” he ended.
http://www.theborneopost.com/?p=74023
OSK Research Sdn Bhd (OSK Research) in its recent visit to Masteel’s offices affirmed the group was hopeful of riding on a long list of projects announced by the government, especially with its expansion plans well under progress.
The research firm’s construction analyst Ng Sem Guan revealed that during the visit, Masteel’s management explained more on its operations overview as well as the current steel industry outlook.
“After spending some RM60 million to RM70 million over the past two years to modify its furnace and billet caster, management expects billet capacity to progressively increase from 450,000 tonnes per year (tpy) in the financial year 2012 (FY12) by deploying in stages 130mm billets instead of the original 120mm ones,” he said.
“The company has also identified a plant near its existing rolling mill to embark on its downstream expansion plan.
“As the said plant only requires minimum modification conversion to install a new rolling facility, the company has identified three machine suppliers from China to expedite the delivery of the required machines.”
Ng continued to add that Masteel was targeting to increase its rolling capacity to 500,000 tpy upon full commissioning in FY12 with hopes that this would be on time to ride on the string of public infrastructure and building projects announced by the government.
While the OSK Research analyst envisaged weak financial performance from steel mills in the second half of 2010, Masteel suggested that the company’s sales tonnage was particularly encouraging.
“The company has been endeavouring to import containerised scrap metal after the liberalisation of the scrap market since the end of 2008,” Ng underscored. “Although we are surprised at the possible increase in sales volume, we think Masteel may have benefited from being centrally located in the catchment areas of steel demand.
“Being a smaller mill also makes it easier for the group because the volume it produces is way easier for the market to absorb.”
Ng further suspected that the group might have accumulated enough experience in dealing with cheaper scrap imports by container which were normally priced at about a US$20 (approximately RM61.80) discount compared with bulk imports.
“Therefore, we are revising upwards our FY10 estimates by 62.7 per cent to RM42.4 million and FY11 numbers by seven per cent to RM47.5 million.
“We upgrade our call trading to buy with a new target price of RM1.22 per share,” he ended.
http://www.theborneopost.com/?p=74023
Monday, November 8, 2010
MASTEEL-WA 被高估
MASTEEL-WA 上个星期三上市以0.36开始交易，目前上升至0.425，母股价钱1.02.
转换成母股的成本是0.18认购价，0.67的转换价共0.85，1.02的价钱溢价0.17，相对MASTEEL-WA的股价应该是在0.35. 目前的MASTEEL-WA完全是高估的价位。
以eps15sen的盈利预测的话，8倍目标价设在1.20.
1.20-0.85=0.35
MASTEEL-WA的目标价也就是0.35而已。
明显的MASTEEL-WA 已经超过目标价。除非MASTEEL的未来盈利大涨，否则目前应该卖出。
转换成母股的成本是0.18认购价，0.67的转换价共0.85，1.02的价钱溢价0.17，相对MASTEEL-WA的股价应该是在0.35. 目前的MASTEEL-WA完全是高估的价位。
以eps15sen的盈利预测的话，8倍目标价设在1.20.
1.20-0.85=0.35
MASTEEL-WA的目标价也就是0.35而已。
明显的MASTEEL-WA 已经超过目标价。除非MASTEEL的未来盈利大涨，否则目前应该卖出。
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