tag:blogger.com,1999:blog-18183714.post6834000780730899200..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: SalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-18183714.post-90383642161171322962007-08-02T21:22:00.000+08:002007-08-02T21:22:00.000+08:00Affin forecast that UMW will earn EPS=RM1.12 in FY...Affin forecast that UMW will earn EPS=RM1.12 in FY2008. Both Affin and AmResearch set the same Target Price of RM18. <BR/><BR/>Am released their report on Monday July 2 revising their TP from RM13.50 to RM18. Interestingly on that very day, UMW spiked up from RM12.60 to RM13.50. Since then it has moved up to a high of 15.40 before hovering around 14.50 - 15.00. What is amazing is that there were some buying of Umw before the release of the report. UMW crept up from RM12 to 12.60 in the last week of June.<BR/><BR/>Last time, Am revised the TP of Coastal from RM1 + to RM2.10 and it promptly went up from about 1.50 to 2.50 in less than 2 weeks! Than JP Morgan issued a TP of 3.10. Guess where Coastal is now?<BR/><BR/>So I would bet on the AM's [and JPMorgan if they do cover Umw] TP. It is achievable if the sentiments in KLSE recovered from the sub-prime flu.<BR/><BR/>You may consider buying UMW-Ca which is trading at almost zero premium since May. Leverage about 3X.<BR/><BR/>cheers.Rockyhttps://www.blogger.com/profile/02915605418764795635noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-12602707637156238192007-08-01T10:20:00.000+08:002007-08-01T10:20:00.000+08:00mightydopy,you can just buy the Barclays ishares M...mightydopy,<BR/><BR/>you can just buy the Barclays ishares Malaysia, which is an ETF like indexed fund ... or some other Malaysia indexed fund ... if you choose to trade direct, it will be expensive but best if you have a private banker who can easily buy any share for you, probably with commission running at 1% or 1.5% per trade ... failing which, if you have a stockbroker who is linked to a global house (e.g. Merrills or Deutsche Bank), you should be able to execute the transactions cheaper.SalvadorDalihttps://www.blogger.com/profile/06868577716920232901noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-12982335160419986972007-08-01T03:31:00.000+08:002007-08-01T03:31:00.000+08:00I agree that UMW has upside in terms of oil play. ...I agree that UMW has upside in terms of oil play. However, it should be noted that their biggest revenue comes from the auto industry (currently close to 5 times the oil & gas division) and profitability in this area has dropped. In terms of profit, it still make more than oil & gas division thus any adverse result from auto segment will be felt.<BR/><BR/>Overall, the company's profit margin is only 6% - not fantastic. But since the oil & gas business area's profit margin is 18%, they should do better in future with increasing importance of this segment.puffyeyehttps://www.blogger.com/profile/15743907354970187397noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-54252812840776276102007-08-01T01:53:00.000+08:002007-08-01T01:53:00.000+08:00Dear Salvatore_Dali,I found your blog by luck, som...Dear Salvatore_Dali,<BR/>I found your blog by luck, some time ago<BR/>and since than follow you.<BR/>I like very much the style you choose.<BR/>Also I am an international trader,<BR/>Dutchman.<BR/>Do you know what is the easiest and cheapest way to buy Malaysian stocks,<BR/>since I live in Germany?<BR/>Yours<BR/>mightydopyMightydopyhttps://www.blogger.com/profile/11424586097588719562noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-73388459436673784792007-07-31T08:59:00.000+08:002007-07-31T08:59:00.000+08:00I totally agree with you on UMW, btw, do you have ...I totally agree with you on UMW, btw, do you have any thoughts on Kencana? Thanks!sahamgurlhttps://www.blogger.com/profile/01549120711542929640noreply@blogger.com