CONGRATULATIONS FOR YOUR COLLECTION OF MJPERAK. YOU MUST HAVE MADE ALOT FROM HERE. TIME TO LOOK AT ASB (ADVANCE SYNERGY BERHAD) VERY LIKELY IT WOULD FLY. MANY REASONS - 1.CASH RICH NOW RM115 MILLION 2. GOING TO BE RICHER AFTER THE SALES TO ACE INA CO LTD FOR ESTIMATED SUM OF RM300 MILLION CASH. ASB RELUCTANT TO SELL BECOS THE SALES WAS PROMISED IN 2008.(CHEAP LAH OF COURSE). 3. ANOTHER 52.5 MILLION COMING IF PKNK PAYS UP. 4. ASB WELL DIVERSIFIED. 5. NTA 98 SEN. PAR VALUE 30 SEN. NOW SELLING 18 SEN ONLY. HUGE DISCOUNT. HIGHLY UNDERVALUED. 6. MAKING PROFITS AFTER 2008 RESTRUCTURING. 7. FROM THE HIGH OF RM12.80 IN 1993/94 NOW DROPPED TO THIS LEVEL. TIME TO WAKE UP. 8. LONG ESTD COMPANY - YEAR 1920 LISTED 1961 AS BATU LINTANG RUBBER CO LTD. 9. GOOD MANAGEMENT TEAMS - AT LEAST 4 CHARTERED ACCOUNTANTS (YONG, LEE, CHIM & DATO ABDUL MURAD) 10. DYNAMIC AND GROWTH.ETC ETC.
As for now, not very familiar with ASB business ... may take sometimes to learn.
As an investor, we should always approach the balance sheet/financial statement as "part owners" using "security analysis" view or business man common sense and understanding.
Using strict "accountant" view could sometimes mislead our own perception. Egg is egg, chicken is chicken .. maybe right if we are the book-keeper, ... but we are not.
Surprised that you too are reading my ASB forum's argument regarding Chicken and Egg. Actually, there is no one correct view. Every view is subject to another view. Non Stop.
BTW, I noticed today, ASB did really picked up. One fellow alone whacked > 50,000 lots (prices between 19 and 19.5 sen) early in the morning indicates some one is seriously eyeing this stock. I think the same person walloped > 10,000 lots at a lower price of 18 sen. I hope more and more ppl get interested in ASB.
To me, I am loaded with ASB already. I intend to keep them for a long term investment. I believe by keeping long term, my capital appreciation will be double if not more. Wish me Luck. Cheers.
One fellow whacked > 50,000 lots will be equavalent with another fellow/s dumped > 50,000 lots as well.
If the stock is really undervalued, then there is no reason for you to HOPE for more ppl to get interested in it. Better hope noone will noticed it for another few more years ... and woila ! U will make very big money .. very very big money. Of course, u may partially disagreed .. because making fast money or greed will always toying with our emotions.
I still have not go thru ASB, maybe this weekend i will look thru'. Currently, i'm alreadi upside down trying to follow my 7 stocks i am currently hold. 7 annual reports, 7 quarters report, 7 balance sheets, 7 PLS, .. damn !
After you have gone through ASB annual reports, please put up any questions that you want to clarify so that all of us may have a better view and understanding.
I strongly feel ASB will stage a come back soon because of the new synergy that ASB had put in to restructure the whole group in 2008. Thegroup started making profits after that. You may notice that the profit margin is also quite high. From a turnover of RM226 mil.in 2009, their gross profit was RM89 mil. NP amounted to RM32 mil. As such, the eps became 6.62 sen (undiluted) & 3.49 sen ( if fully diluted) per share (which is high if compared to the stock price now). Thus, PE of 3 is fantastically a low figure. Everything will come to positive if ASB can maintain this earning ratio continously for the next two years. The investing public's confidence towards ASB will eventually come back in a medium term. Do you know that ASB previous high was RM12.80 during 1993/94 peiod?
CONGRATULATIONS FOR YOUR COLLECTION OF MJPERAK.
ReplyDeleteYOU MUST HAVE MADE ALOT FROM HERE.
TIME TO LOOK AT ASB (ADVANCE SYNERGY BERHAD)
VERY LIKELY IT WOULD FLY.
MANY REASONS -
1.CASH RICH NOW RM115 MILLION
2. GOING TO BE RICHER AFTER THE SALES TO ACE INA CO LTD FOR ESTIMATED SUM OF RM300 MILLION CASH. ASB RELUCTANT TO SELL BECOS THE SALES WAS PROMISED IN 2008.(CHEAP LAH OF COURSE).
3. ANOTHER 52.5 MILLION COMING IF PKNK PAYS UP.
4. ASB WELL DIVERSIFIED.
5. NTA 98 SEN. PAR VALUE 30 SEN. NOW SELLING 18 SEN ONLY. HUGE DISCOUNT. HIGHLY UNDERVALUED.
6. MAKING PROFITS AFTER 2008 RESTRUCTURING.
7. FROM THE HIGH OF RM12.80 IN 1993/94 NOW DROPPED TO THIS LEVEL. TIME TO WAKE UP.
8. LONG ESTD COMPANY - YEAR 1920 LISTED 1961 AS BATU LINTANG RUBBER CO LTD.
9. GOOD MANAGEMENT TEAMS - AT LEAST 4 CHARTERED ACCOUNTANTS (YONG, LEE, CHIM & DATO ABDUL MURAD)
10. DYNAMIC AND GROWTH.ETC ETC.
Thanks.
ReplyDeleteZero cash ... margin fully utilised.
But definitely will look into ASB.
As for now, not very familiar with ASB business ... may take sometimes to learn.
As an investor, we should always approach the balance sheet/financial statement as "part owners" using "security analysis" view or business man common sense and understanding.
Using strict "accountant" view could sometimes mislead our own perception. Egg is egg, chicken is chicken .. maybe right if we are the book-keeper, ... but we are not.
Sincerely,
Leno.
Leno, thanks for reading my message.
ReplyDeleteSurprised that you too are reading my ASB forum's argument regarding Chicken and Egg.
Actually, there is no one correct view.
Every view is subject to another view.
Non Stop.
BTW, I noticed today, ASB did really picked up. One fellow alone whacked > 50,000 lots (prices between 19 and 19.5 sen) early in the morning indicates some one is seriously eyeing this stock. I think the same person walloped > 10,000 lots at a lower price of 18 sen. I hope more and more ppl get interested in ASB.
To me, I am loaded with ASB already. I intend to keep them for a long term investment. I believe by keeping long term, my capital appreciation will be double if not more. Wish me Luck. Cheers.
K T Ng
One fellow whacked > 50,000 lots will be equavalent with another fellow/s dumped > 50,000 lots as well.
ReplyDeleteIf the stock is really undervalued, then there is no reason for you to HOPE for more ppl to get interested in it. Better hope noone will noticed it for another few more years ... and woila ! U will make very big money .. very very big money. Of course, u may partially disagreed .. because making fast money or greed will always toying with our emotions.
I still have not go thru ASB, maybe this weekend i will look thru'. Currently, i'm alreadi upside down trying to follow my 7 stocks i am currently hold. 7 annual reports, 7 quarters report, 7 balance sheets, 7 PLS, .. damn !
After you have gone through ASB annual reports, please put up any questions that you want to clarify so that all of us may have a better view and understanding.
ReplyDeleteI strongly feel ASB will stage a come back soon because of the new synergy that ASB had put in to restructure the whole group in 2008. Thegroup started making profits after that. You may notice that the profit margin is also quite high. From a turnover of RM226 mil.in 2009, their gross profit was RM89 mil. NP amounted to RM32 mil. As such, the eps became 6.62 sen (undiluted) & 3.49 sen ( if fully diluted) per share (which is high if compared to the stock price now). Thus, PE of 3 is fantastically a low figure. Everything will come to positive if ASB can maintain this earning ratio continously for the next two years. The investing public's confidence towards ASB will eventually come back in a medium term. Do you know that ASB previous high was RM12.80 during 1993/94 peiod?