Fabien _the efficient capital allocator

fabienwks | Joined since 2010-12-10

Investing Experience Advanced
Risk Profile Moderate

Followers

8

Following

0

Blog Posts

2

Threads

1,953

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
1,953
Past 30 days
39
Past 7 days
16
Today
0

User Comments
Stock

14 hours ago | Report Abuse

By next week, UP will reach the new milestone of reaching RM10 billion market cap category.

Stock

19 hours ago | Report Abuse

PE at 15x. Share price RM25

Stock

20 hours ago | Report Abuse

Congrats all shareholders. CPO is within hair breath from 4k now.

Stock

1 day ago | Report Abuse

QL results SUPERB. Highest quarterly profit again!

Stock

2 days ago | Report Abuse

Warren Buffett in its latest annual letter wrote about the lesson from Coke and American Express. "When you find a truly wonderful business, stick with it. Patience pays, and one wonderful business can offset the many mediocre decisions that are inevitable."

Stock

3 days ago | Report Abuse

UP not only outperformed its peers, they even outperformed themselves with FFB average yield/ha increased by 1.50% and OER increased by 2.20%. Their superior operational performance mainly due to their prime age oil palm trees coupled with mechanisation effort as well as sterling plant breeding techniques (high-yielding seed, Clonal DxP).

Stock

4 days ago | Report Abuse

They can return more cash to shareholders. They have abandoned their plan to expand Guocera tiles business. Looking at this, it's more likely they will dispose of this non core assets following recent disposals. Their annual operating cash flow amounts to at least RM500mil. This is enough to fund their entry into auto spare parts business.

Stock

4 days ago | Report Abuse

At current price, the case of Shang assets (5 hotels and landbanks) are seriously undervalued even taking into account the worst scenario of full write down of its Myanmar associate.

Stock

4 days ago | Report Abuse

Aberdeen ceased as substantial shareholders. That's good news.

Fundamentally, the worse is over. Their associate in Myanmar book value is about 200mil after years of impairment. Their land in Penang are all valued at decades old valuation. For example, the undeveloped land at Rasa Ria carried at only 21 sen psf. If revalued at 100psf, there are huge revaluation surplus. With the ongoing property boom in Penang, those undeveloped land is a gold mine, including 8 acre plot in prime area of Batu Ferringhi (book value recorded at RM27 psf).

Shang's fame lies it its strong brand luxury hotels and management. Shang KL (662 room, 5 star hotel) with book value per room of only RM288K. This is absurdly low figure compared to other luxury hotels which sold at RM1million per room.

The Penang hotels even more cheap. Rasa Sayang book value per room is RM315k, Golden Sands at only RM123k. Just take the book rate per night as benchmark and work out the market valuation for these hotels.

Shang is deeply undervalued, prime candidate for privatization. Trading at massive discount to its RNAV.

Their occupancy rates have been improving gradually ranging from 61% to 82%. With Q4 holiday season, expect the hotels to do very well. You can check google review to get a sense of their hotel bookings.

Stock

4 days ago | Report Abuse

But this quarter was a real blow out.

Stock

4 days ago | Report Abuse

I remember few years back, Lay Hong was traded at RM1

Stock

4 days ago | Report Abuse

Touch macro conditions reflected in the results. A very bad quarter result, even worse than Q2 2020 when the whole global economy entered into lockdown.

Stock

5 days ago | Report Abuse

Their 9 months free cash flow amounted to 14 sen per share. They have paid 3 sen dividend thus far. Hope for a more juicy dividend in Q4

Stock

5 days ago | Report Abuse

They did 9 billion revenue last financial year. 2023 should end up mid of 9 bil and anticipate to break 10 billion in 2024. Their margins have been improving recently. Last quarter they earned about 7% profit margin. Very likely, we will see Q4 earnings being the highest on record.

Stock

6 days ago | Report Abuse

EPS at least 8 sen. 15x PE - RM1.20, 20x PE - RM1.60

News & Blogs

6 days ago | Report Abuse

How to explain TSH results dropping by 44%? Next week UP results will surprise you.

Stock

1 week ago | Report Abuse

Wait for management to sell their non-core assets of Guocera tiles business and more bumper dividends for us.

Stock

1 week ago | Report Abuse

Special dividend 50 sen 😋

Stock

1 week ago | Report Abuse

The Group is focusing its attention and resources in preparing for this opportunity and is committed to complete all necessary deliverables to ensure its readiness to participate in the exercise. Participation in the upcoming LSS bidding aligns with Uzma Group's strategic objectives and government's Energy Transition towards 2050 Net-zero target.

Stock

1 week ago | Report Abuse

SKP main client is Dyson which accounts 75-80% of revenue. Individiually, the rest are immaterial.

Stock

1 week ago | Report Abuse

Best quarterly profit in last 5 years.

Stock

1 week ago | Report Abuse

Luckily managed to bought first batch at 1.98, averaged again at 1.82 and last batch at 1.76. Take balls to keep buying the dip.

Stock

1 week ago | Report Abuse

TP1.30-1.50

Stock

1 week ago | Report Abuse

Are their MC correlates? why need to benchmark against them? JTiasa is being valued at 7x trailing PE. forward PE is about 5

Stock

1 week ago | Report Abuse

@xiaoeh engine baru start, buying momentum is strong. we are entering seasonally weaker production, CPO price 3.9k-4k is conducive enough for planters to make handsome profit

Stock

1 week ago | Report Abuse

🚀🚀🚀🚀🚀🚀

Stock
Stock

2 weeks ago | Report Abuse

Don't forget they have huge forest plantation of 30,978 ha. Based on RM4K/ha, its equity value worth RM124million.

Stock

2 weeks ago | Report Abuse

Cheapest plantation play remains JTIASA, by a far margin. 5-6x PE. Q4 FFB production increased 30% y-o-y.

Stock

2 weeks ago | Report Abuse

Risk management on stock price? What is Berkshire class A shares trading now??
Go and find out why Warren Buffett never allows a share split on its stock.

Stock

2 weeks ago | Report Abuse

Best in class plantation company, very well managed and profitable. trading at less than 12x PE. and some people shout overvalued. what are you doing here, anyway?

Stock

2 weeks ago | Report Abuse

3 billion market cap company. of which 1.6 billion net cash. generates 280-300 million annual profit. very profitable company at cheap valuation. HOLD.

Stock

2 weeks ago | Report Abuse

The secret to make money is to buy right and hold tight.

Stock

2 weeks ago | Report Abuse

Congratulations to all shareholders. Been a long time holder of UP. Just do nothing and wait for harvest.

Stock

2 weeks ago | Report Abuse

The Body Shop collapses into administration with thousands of jobs at risk

https://finance.yahoo.com/news/body-shop-collapses-administration-132934275.html

Stock

2 weeks ago | Report Abuse

Never understand why someone want to rationalise their decision to sell in public forum. if want to sell, then sell. no one interested to know, keep your thought process to yourself. happy with 4% p.a. then sell.

Stock

3 weeks ago | Report Abuse

Singapore Changi Airport’s passenger volumes are expected to reach pre-pandemic levels in 2024, the country’s transport ministry said in a written response to parliamentary questions.

Monthly passenger traffic recovered to around 90% of pre-Covid levels in December. For the full year of 2023, the airport handled 58.9 million passenger movements, or 86% of traffic recorded in 2019, the ministry said.

Singapore tourism on recovery path, bodes well for GENS

Stock

3 weeks ago | Report Abuse

PE 100x crazy. wont touch this stock with a ten feet pole. Greatec is better buy

Stock

1 month ago | Report Abuse

Uzma Bhd's subsidiary Malaysian Energy Chemical & Services Sdn Bhd has accepted a contract from Hibiscus Oil and Gas Malaysia Ltd for the supply of chemicals and related services for PM3.

In a filing with Bursa Malaysia, Uzma said the contract will be for a period of five years, effective Nov 16, 2023, to Nov 15, 2028.

Its value will be based on work orders issued by Hibiscus Oil& Gas during the contract period.

Stock

1 month ago | Report Abuse

Yinson Renewables acquires 97MWp Matarani solar project in Peru

Yinson Holdings Bhd’s renewables business unit, Yinson Renewables has completed the acquisition of the 97 MWp Matarani Solar Project in Peru from Grenergy Renewables.

The project is located in the Mollendo desert in the Arequipa region, one of the world’s highest solar irradiation areas, Yinson Renewables said in a statement.

Most of the project’s energy has been contracted through a power purchase agreement (PPA) with a bankable off-taker for the next 15 years,

Yinson Renewables said Project Matarani is currently under construction and is expected to enter commercial operation by third quarter of 2024.

In addition to the SPV acquisition for about US$25mil, Grenergy is providing a full turnkey engineering, procurement, and construction contract for the construction of the project and is entitled to further earnouts (collectively valued at about US$65mil).

Grenergy will also provide the operation and maintenance service for the plant for the first two years.

Once in operation, Project Matarani will inject about 260 GWh of renewable energy into the Peruvian grid annually, enough to satisfy the energy needs of about 62,000 Peruvian households and prevent the emission of more than 56,000 tonnes of CO2 per year.

Stock

1 month ago | Report Abuse

Dialog "shareholder value destruction"?

Over the last 3 years, dialog share price has seen continued sell down relentlessly. even to the extent, of getting itself being kicked out from FBMKLCI. if one take a cursory look, you will be left wondering what happen? is there any significant deterioration in its fundamentals? lets try to find the answer in the numbers

FY2018 - 2023
Revenue
3,111
2,386
2,303
1,610
2,319
3,002

Net Profit
528
552
648
543
506
521

NP margin
17.0%
23.1%
28.1%
33.7%
21.8%
17.4%

ROE
15.40%
14.70%
15.90%
12.50%
10.50%
9.60%

With valid reasons, the selldown is not entirely unreasonable as the company's profit margin and ROE has seen erosion over the last 3 years.

Dialog used to enjoy premium valuation, driven by its high growth prospect and strong ROE of 14-15%. the question now is, can Dialog improve its ROE in the near future?

Stock

1 month ago | Report Abuse

ROE 11%
Book value 1.51
Assuming P/BV 1x, TP at least 1.51

Stock

1 month ago | Report Abuse

Dato Mohamad Nasir bought 10k stocks at 19.70

He is Director of RHB, MRCB, Yinson, UTDPLT and Plus Malaysia. Impressive.

Stock
Stock

1 month ago | Report Abuse

wow UZMA is damn strongggg

Stock

1 month ago | Report Abuse

MR LOH HANG PAI @ LOW HENG FONG (a company director) acquired 135,800 shares on 19-Jan-2024.

19 Jan share price ranges 19.26 to 19.60

Stock

1 month ago | Report Abuse

welcome @hng33

you are here means we can further ride the upside. what's your trading plan?

Stock
Stock

1 month ago | Report Abuse

The past is past. New management is much improved. Their average age of palm tree is 14 years. Bullish CPO bodes well for them.