Posted by
Daniel Wong |
2:51 AM
|
Hai-O
|
Fair Value: RM 1.84
Current Price: RM 3.87
Recommendation: SELL
Last Friday (25th June 2010), the company annouced its 4th quarter profit report. The 4Q10 profit had dropped 5.5% compared to 4Q09. Compared to 3Q10, the current profit had dropped 17.6%. I believe this is a sign of a downtrend in the company's earnings. Therefore, I'm revising the Fair Value in anticipation of a downtrend in the company's earnings in the next 4 quarters.
Refer to previous write-up here for more info about this company.
Posted by
Daniel Wong |
8:07 PM
|
Top Glove
|
Fair Value: RM 10.98
Current Price: RM 12.92
Recommendation: HOLD
Recently, Top Glove annouced its 3rd Quarter report for the Financial Year 2010. Profit for 3Q10 has increased 54.37% compared to the 3Q09. However, the 3Q10's profit has decreased 9.52% compared to 2Q10. Therefore, I'm revising the Fair Value to RM10.98 from RM11.85 in anticipation of a downtrend in the next 3 quarters' earnings.
Refer to previous write-up
here for more info on this company
Posted by
Daniel Wong |
12:06 AM
|
Supermax
|
Fair Value: RM 5.76
Current Price: RM 5.60
Recommendation: BUY
The Fair Value is adjusted to reflect the Bonus Issue of 1:4 (1 Bonus share for every 4 existing Supermax shares held) that was exercised on the 16th of June 2010.
Refer to previous write-up here for more info about this company.
Posted by
Daniel Wong |
2:05 PM
|
Coastal Contracts
|
Fair Value: RM 2.57
Current Price: RM 2.31
Recommendation: BUY
On the 25th May, the company announced its 1st Quarter report for Financial Year 2010. Profit for 1Q10 has increased 55.97% compared to the 1Q09. However, the 1Q10's profit has decreased 19.85% compared to 4Q09. Therefore, I'm revising the Fair Value to RM2.57 from RM2.97 in anticipation of a downtrend in the next 3 quarters' earnings.
Refer to previous write-up
here for more info on this company
Disclaimer
This is a personal weblog, reflecting the author's personal views. All information provided here, including recommendations (if any), should be treated for informational purposes only. The author should not be held liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.
