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GCB A QR Trade

Trading call on GCB (5102) on the idea of a copy-cat style result. See what JB Foods Ltd delivered yesterday by way of earnings.  https://www.theedgesingapore.com/jb-foods-2q-earnings-surge-fourfold-86-mil-stronger-demand Very decent numbers from GCB in the last 12 months. Can it do a 5 in-a-row sterling QR?   Caveat is the front running and t...

Lay Hong A Margin Call ?

A couple of updates on Lay Hong (9385) this morning. Before that, take a look at this presentation slide that was prepared in January this year. It is a 1H18 earnings performance update.  lay.hong-corporate.presentation-rev19.31.jan.2018.2.pdf In the earlier post on Lay Hong, it was speculated that Norges Bank exited its position in the open ma...

TSLA Musk Claims Some Idiot Offered Him $420/share for Tesla! $420 per share?!

Courtesy of PhilStockWorld That's $72Bn for a car company that had to run production lines in tents to push out 5,000 cars in the last week of July and, aside from the high level of defects reported in the cars that have been delivered, word is that it's taking weeks to get even basic repairs done and MONTHS for replacement body parts to arrive....

Lay Hong The Culling Has Started

Here is where the source of the outbreak of avian flu in Sabah is - the epic center is in Tuaran. Hong Kong have now joined Sarawak in the ban on import of eggs and poultry meat from Tuaran. Impact to Lay Hong? Relatively small. Based on the information provided in its latest AR, the percentage of its eggs and broiler capacities is relatively s...

Hartalega's First Quarter Update On Its Killer Glove

Hartalega's (5168) 1Q results were as expected, good. However, judging by the reaction of the analysts in the results commentaries, there is no excitement. No wow factor. In fact, you can see how bearish they remain but I see a couple of upgrades to TPs. For your information, analysts are generally not in love with the stock due to its PE ratin...

MBMR A Strategic Withdrawal In UMW's Best Interests

Yesterday's post on 3rd national car given a mention in the media this morning. Tun Mahathir is there on a 4-days visit. No surprises, high on the agenda would be discussions with Toyota on his pet project. Electric car was another giveaway clue as tattled yesterday.  UMW should seriously give its corporate design on Perodua/MBM Resources a ser...

AirAsia The Big Big Picture

A good day for Tony Fernandes   A picture paints a thousand words as they say.  AirAsia (5099) is flying high again, trading at a post-GE14 high of RM3.58-60 I once mentioned in one of the posts on AirAsia about it being a news-dependent price sensitive stock. Of late, its IR pipeline is roaring again. The latest on Monday sees Aireen Omar lou...

Third National Car

There are plenty of sayings on 'Just because you don't see it (or know it etc) ... doesn't mean it isn't there. So just because Proton was a terrible and expensive pet project of Tun Mahathir doesn't mean that his next (the 3rd national car) will also be so. So let's be level headed.  This chap's opinion makes a lot of sense. http://www.freemal...

JAKS Technicals Support KYY's Cheap Sale Pitch

KYY has gone 4 trading days without a pip from him on the status of his margin positions and the force selling. He did make a couple of comments in his blog site though last Sunday calling JAKS cheap. It is also the first time he has put down in writing about the Banks force selling his positions. One of the cues that it is time to buy this 'ch...

Yong Tai Could Face A Massive Cash Crunch IF

PBIB's analyst's take on Yong Tai's (7066) proposal to accelerate the conversion of the ICPS is it is welcomed. Says that it helps improve liquidity. Furthermore, its forecast numbers for 2019/20 have already taken account of that conversion come 2019. Fully factored into its forecast EPS numbers. You can see how bullish its numbers are - as wel...