20110906 - Buy MAYBULK

Today, buy in MAYBULK for 1000 units at RM 1.900. If look on financial report from MAYBULK, it actually doesn't attractive at all. At latest EPS on June 2011 only RM 0.0219 compare last year same quarter RM 0.0316 already reduced for 30.70%. If count about last 4 quarters, it accumulate EPS is RM 0.2300 which compare my buying price is with PE 8.26.

However, if look on BDI, since fall to USD 1043 at 4 Feb 2011, it never below that point anymore. So, I would expect the BDI had started to recover. When time I post this on 11 Sept 2011, it already in place USD 1838. I buy MAYBULK cause I buy BDI has over its lowest period. Believe the recover of earning and share price is only time matter.

20110826 - PBBANK

Today I bought another 200 units of PBBANK on RM13.000. Base on last 4 quarter accumulate EPS of RM0.9528 if compare with previous 4 quarters RM0.7814 increased with 21.93%.

Base on RM13.000, it trade as PE 13.64. Why 1 of the best company in Malaysia trade as such low PE? My feel, the fair value for PBBANK should be in PE 16 with price RM15.240. Compare current price, it still have range of around 17%.

20110828 - PADINI

PADINI was just release its quarter report for June 2011. From the latest result with EPS RM0.0275 which is much higher than same quarter of year 2010 RM0.0179.

If calculate for accumulate EPS of latest 4 quarters total is RM0.1144, if compare with previous 4 quarters RM0.0923 already increased with 23.94%.

Base on the current price RM0.890, it only with PE 7.78. If check for its last 5 years growth, average every years also have around 20% of growth. A stable growth share with this cheap price is really attractive for me.