Jom & Terry (KLSE Stock Sharing)

2022-01-05 04:49:06 MARKET OBSERVATION (5 JAN)

On 27 Dec 2021, Coastal Contracts' JV bags RM4.5 billion Mexican job. Based on latest annual report, COASTAL owns 50% stake in the consortium that won the contract value of RM4.5 billion, i.e. a revenue additional of RM2.25 billion.

Share price broke 1 year high strongly today. Open / Comment

2021-11-29 10:47:15 Omicron triggered strong buy ups in gloves today. As of 3.47pm, TOPGLOV almost hits LU. Open / Comment

2021-11-25 06:42:10 LD, LU?

#jntmarketobservation

ATAIMS lost Dyson customer.

https://www.reuters.com/business/exclusive-dyson-terminates-relationship-with-malaysian-supplier-ata-over-labour-2021-11-25/

Anticipating order diversion, capital is moving from ATAIMS to SKPRES (& VS).

As of 11.37am, ATAIMS hit LD, SKPRES almost hit LU. Open / Comment

2021-11-24 10:17:50 MYEG, NEW MoU (24 NOV)

MYEG entered a MoU with A Tech Insure Sdn Bhd to provide motor vehicle takaful coverage + road tax renewal for civil servants. Civil servant customers will make digital instalment payments via auto-salary deduction. The MOU is expected to contribute positively to the earnings net asset of MYEG upon formalisation. Open / Comment

2021-11-23 07:12:36 Market anticipating good QR? Open / Comment

2021-11-23 06:31:34 TIN & MSC (23 NOV)

#jntmarketobservation

Tin is the best performing base-metal in 2021. Following strong tin price, MSC made an all-time high RM3.09 breakout today.

MSC is a tin miner and smelter, benefiting from strong tin price. Currently, they are smelting tin ore inventory accumulated during the pandemic. They can be sold at good prices.

Their Pulau Indah plant installed a new furnace in Oct 2021. Overall operation: Expected to resume 100% operation by end-2021 or early-2022. Open / Comment

2021-11-19 11:15:37 Congratulations to Inner Circle community members to have been holding INARI since the last quarter - capturing decent upsides under limited downsides. Open / Comment

2021-11-15 09:34:28 CGSCIMB issues a target price of RM4.95 for INARI today. Open / Comment

2021-11-12 13:36:06 INARI, all-time high revenue & earnings. Open / Comment

2021-11-12 04:25:05 BPPLAS, WORTH MONITORING (12 NOV 2021)

BPPLAS management has expressed strong optimism and confidence in their business prospects.

(Source: Bonus Issue circular, out early November 2021)

1) MCO earlier this year impacted BPPLAS minimally.

2) Expanding market reach and revenue potential: Increasing sales among existing customers + acquiring new customers.

3) Growing demand of products. Demand of polyethylene plastic firms and bags packaging continue to grow, driven by e-commerce as well as food and essential products, which is expected to grow along with the recovery and reopening of economy.

4) Expanding production capacity.

Further information...

5) BPPLAS is a net cash company with zero debt.

6) Strong ROE of 17.8%.

7) Growing. Last 4Q revenue has increased from RM74 million to RM109 million. Earnings and profit margins are also expanding.

8) Attractive PERs among peers. As of 11 Nov closing,
- TGUAN: 13.1x.
- BPPLAS: 13.5x (With strong demand, revenue growth potential and capacity expansion).
- SCGM: 15.6x.
- SCIENTX: 15.8x.

9) Business risks include rising raw material costs and loss of customers.

Conclusion: Better days could be coming for BPPLAS. Worth keeping an eye on.

Disclaimer: Information is publicly available. For general sharing purpose only. Stock valuation is beyond scope. Stock investment involves risks. No BUY/SELL recommendation. Open / Comment