UOA WILL BE ANOTHER QCAPI?

UOA REIT was listed in December 2005. It has 3 properties under its portfolio i.e. Wisma UOA Central Parcels, Wisma UOA II Parcels and Wisma UOA Damansara Parcels. Based on a company's Interim Report for June 2006, the occupancy rate of these 3 buildings ranges from 90.0% to 99.4%.

UOA REIT has recently announced its results for QE31/12/2006. A quick look at the results show that the topline & bottomline have been rising steadily. Based on these 4 quarterly results, we can see that UOA recorded a net profit of RM20.25 mil on a turnover of RM31.38 mil for FY2006. UOA REIT pays a dividend of 8.5% per annum, representing about 98% of its EPS of 8.67 sen.

Current trade at 1.03 which given better yield of 7.5% compared to Qcapita

Call warrant update :19.01.2007

As per table , you can seen most of the CA not reach their historic high at Mid December 2006, Although most of the underlying blue chip is up compared to December 2006. This is due to losing in time value and near their expired date. Please put attention on warrant in highlight.

YTL CA is cheaper than ytl underlying warrant ?

As table above show Ytl wa and Ytl wb trade at slighly discounts. The CA trade at premium 1.71. The premium is almost same compared to other underlying Ca. I believe investor of YTL will shift their attention to YTL Wa, Wb. At this inunction of time, i really not understand who buy or hold the YTL CA at current price. There are other cheaper source of enter into ytl share.

Stocks market alert:SAR

Recently, whole asia stocks market everyday break their hisotoric records, This might be signal form hedged funds or foreign fund. But they are inherent risks that need to be consider

SAR are coming back, Indonesia, Thailand, China.... case reported that might be possible of next cicrle of explosive. In additional the winter or cool whether at the movement. There is possible this may be happen.

For prudent player, this may time reduce your exposure to stocks

Bursa Malaysia : Sinchew

Background

Sin Chew Media Corp Bhd (“Sinchew”) is the publisher of the country’s largest circulated Chinese newspaper, Sin Chew Daily and Guang Ming Daily. The controlling shareholder of Sinchew is Tan Sri Tiong Hiew King, a Sarawak tycoon.

Recent Financial Return

Sinchew’s cumulative net profit for the last 4 quarters amounted to RM54.3 mil, which represents a drop of 9.5% as compared to the preceding 4 quarters’ bottom line. During the periods under consideration, its turnover has increased marginally by 2.4% from RM460 mil to RM472 mil.

Valuation

Based on the last 4 quarters' EPS of 18.0 sen & today's closing price of RM2.67, Sinchew is now trading at a PE of 14.8 times. However, I believe Sinchew, like other media stocks, would benefit in the light of the improvement in the economy going forward.

Genting will continous increase holding in landmark

In continous to my prvious post of landmark, today (7/1/06) comment about landmark plan. Ridding of singapore IR project. The last sentence very interests. " It only make sense that genting continous buying landmark at open market but slowly".
Does this mean landmark stock price will continous up regardless the market condition?

We need to see further annocement from landmark. Recent rally is due to genting buying more Landmark.

Genting will continous increase holding in landmark

In continous to my prvious post of landmark, today (7/1/06) comment about landmark plan. Ridding of singapore IR project. The last sentence very interests. " It only make sense that genting continous buying landmark at open market but slowly".
Does this mean landmark stock price will continous up regardless the market condition?

We need to see further annocement from landmark. Recent rally is due to genting buying more Landmark.

Landmark : The cheaper casino player?

Land recently announce dispose off Sg wang Plaza to generate fund for Bintan project. Bintan island locate at southern park of Singapore and JB. The island is near Batam island too.

The island near this area is popular with underground casino and woman last time. Is popular place for man since many year ago. Casino, woman and cheap wine/beer. The local government Indonesia, close down all Casino at 2004 (almost 10 casino at that time). heavy impact of economy of Batam or Bintan island.

Recently, Singapore government agreed to set up a New duty free tax industrial Zone, The landmark project is taken the rider of Sentosa island project. Possible that landmark also getting approval of Indonesia government for the casino too.

Indonesia still a islamic country, any time the casino will be closing down with no reason. This is major risk factor for landmark project. Anyway, for RM2 per share. Cheaper entry for casino player at the movement.

Will Ranhil successful privatised Ranhil Utilities?

Last Saturday The star headlines about possibility of Ranhil Utilities By Ranhil. Ranhil share price sharp rise since Nov 2006 http://failinvestment.blogspot.com/2006/11/ranhil-utilities-171.html My previous posting Nov 2006it still stand at RM 1.70 compared to current pricing of RM2.90

There is an Rumour said Ranhil will privated RU at price 3.30 to 3.50. Does Ranhil ability to do so? If you look at financial report Ranhil is extremely high gearing .(short term loan > short term cash in hand by 5 time) and there are huge value of intercompany loan between RU and Ranhil. Ranhil goodwill badly impact by bad paymaster in the market. Most of the profit generated by SAJ or RU are taken as loan to Ranhil to settle the debt of Ranhil.

One of the reason to privatised is to settle inter-company balance. If 100% own by ranhil there will be no issued of loan repayment and Ranhil can directly taken cash from this cashcow. Currently, there is an issued to paid back loan relate to RU.
But for Privatised the Ru at this price, there is an issued to borrowing and increased the gearing or debt level again.

Ranhil is bumi company with ability to win the project in oversea. Due to the reason above. At this price of RM2.90 investor know wat to do lar.