Takaful Malaysia Berhad - Indonesia & Malaysia Islamic Insurance Business...





Top Pick in 2012 - Takaful Malaysia Berhad
1) Being the only pure takaful operator listed on Bursa Malaysia.
2) Currently trading at a cheap FY13 PER 7.1x
3) Large Regional Muslim Population, low family takaaful penetration rate and its niche expertise.
4) EPS growth consistently in coming years.
5) Indonesia Operations offer immense potential as the family takaful penetration rate stands at only 1% of population in a country with more than 213m Muslims.

Smart Trader : Bought KFC RM3.78 @25/4/2012,3.50pm

Bought KFC Price RM3.78 @25 April 2012, 3.50pm

Strategy : Buy for short term (6-9 months) because
1) High Dividend Distribution
2) Higher Offer Price from MESB
3) Future Expansion in India & Malaysia Market.
4) Solid Growth Company - Downtrend risk is limited compare to other counters.

Galaxy Entertainment Group (0027.HK)

Galaxy Entertainment Group (27) said one of its shareholders sold 50 million shares of the Co at HK$21.80 each in a block sale (Dow Jones). The Co's price estimate was revised to HK$29 from HK$24 at Nomura.

Global Stock Market Trend

High volatility in current market create a good opportunity for long term investor to accumulate good return share.

US Market :-
1) Agilent Technologies - This is one of the top growth company with strong cash flow. Current transition from TEST & MEasurement Company to Bio-Analysis Measurement company will give them better prospect in long term.

Boustead Holdings Bhd : Undervalued High Growth Stock in KLSE

Prelude To Jalan Cochrane Development?

§ Boustead formed a 50:50 JV with Ikano (owner of IKEA in ASEAN) to acquire land from LTAT for development of a shopping mall in KL.
§ Despite lack of details, we suspect the land is part of the strategically located 60 acres in Jalan Cochrane (JC).
§ The parties are joining forces again to replicate the success story of Mutiara Damansara and this could be a prelude to the long-awaited full scale development and asset injection of the JC land.
§ Recent newsflow reaffirms our positive view on the company as the anticipated catalysts for share price performance are gradually materializing.
§ Forecasts unchanged pending more details.
§ Maintain Buy.
§ Target price maintained at RM6.45 based on Gordon Growth (ROE of 13.7% and WACC of 10.5%.

First Solar shuts Malaysian plants

First Solar Inc, the largest thin-film panel maker, will cut about 30 per cent of its workforce, shutting manufacturing plants in Frankfurt, Germany and indefinitely idling four production lines in Malaysia this year because of a deteriorating European market.
The closures will result in about 2,000 job cuts, the Tempe, Arizona-based company said in a statement today. First Solar expects to pay US$245 million to US$370 million as a result of the job cuts and plant closures. Cost savings associated with the cuts will reduce manufacturing costs to 70 cents to 72 cents a watt this year, the company said.
“After a thorough analysis, it is clear the European market has deteriorated to the extent that our operations there are no longer economically sustainable,” Mike Ahearn, First Solar’s chairman and interim chief executive officer, said in the statement.
The announcement was made before the start of regular trading in New York. First Solar gained 2.9 per cent to US$21.43 at 8:30 a.m.. Before today, the shares had dropped 38 per cent this year. -- Bloomberg
Read more: First Solar shuts Malaysian plants http://www.btimes.com.my/Current_News/BTIMES/articles/20120417212022/Article/index_html#ixzz1sNG8bCpe

My Thought On Old Town Berhad

Old Town is one of most successful F&B company in Malaysia. With aggresive marketing strategy, it grow rapidly from Malaysia to Singapore, Indonesia and China.

Now, the key growth of Old Town is
1) China - Huge Population with increasing of middle class.
2) Indonesia - Booming in Indonesia Economy will benefit the F&B sector.

I expect Old Town should able to grow at least 15% for next 3-5 years. If you buy Old Town, the idea is you can hedge your ringgit currency to high growth countries's currency like China, Indonesia.

I believe that the successful of this company in Hong Kong, will enable them to grow well in China Market.