Expect Nothing Ordinary

Finally, E&O Bhd share price has moved up RM2.73 on last Friday. Meanwhile, it's 51% owned subsidiary Putra Perdana closed RM2.02 and its 68% owned E&O Prop Dev closed at RM3.60.
With reference to E&O's stake in E&O Prop Dev, it should value at around or close to E&O Prop Dev share price. This means that E&O Bhd stock price remains undervalued. Not to forget, E&O also owns Putra Perdana and 2 hotels in Penang island. It is really attractive to invest in this company as you almost got the 2 hotels free, at no cost.
I believe I do not need to say anything further about E&O Prop Dev as it has enough publicity. I would like to press on Putra Perdana which is doing quite well. It has declared dividend for it's last quarter result as well.
So, it is a good oppurtunity to buy in now before it continues to rise ...
In conclusion, it is 'Easy Money Opportunity'

Nextnation inked agreement to venture into Middle East

Nextnat has signed agreement with Tawasul Telekom (Saudi Arabia) via its wholly owned subsidiary, Usape Nelson Wireless Sdn Bhd. I believe this agreement will put more weight in content provider area.
Content provision is considered as low end products in mobile value added services as it is nothing special. Many companies can provide this as it does not incur high start-up capital. Just look thru the newspapers and magazines available in Malaysia, there are so many content providers!
However, I believe Nextnat will be able to take advantage of this partnership to introduce its technologies and other products into Middle East region. In other words, Nexnat continues its expansion plan with the venture into new market in the region. As I mentioned in my earlier blog, investors are not able to know the contribution from each business segments as the financial reports of Nextnat are at consolidated level where no further information and detail is available.
Meanwhile, Nexnat also partners with Buena Bista Columbia Tristar Films Sdn Bhd to offer free movie trailers for mobile phone via the Mobileklub WAP Portal. This may be the starting point for new content provision where movies will be hot items instead of ringtones and wallpapers only. This may lead big corporates such as banks and telcos to purchase video ring back tones from Nextnat. The growth oppurtunities are always there for Nextnat ...
Looking back at Q3 result, there is no suprise as everything was as expected. For the last Q that will due in June 07, I expect Nextnat to achieve net profit of RM6mil. The expectation may be a bit high but I think its achievable.

Sunrise Berhad

Analysts called for a 'buy' with a target price of RM4.60 for Sunrise. It is now trading at RM3.28, representing a potential 40% upside - quoted by The Edge.
Property sector is set to perform after the exemption of RPGT and recent positive measures annoounced by the goverment.
Sunrise is the major developer for Mont Kiara where they bought cheap landbank at Segambut due to they are the advantage of first-mover at the area. Its land cost is estimated at RM41.30 per sq ft. vs market price of RM300 per sq ft.
Besides that, they have built a very strong brand name for themselves. This is proven where 40% of its buyers are repeat buyers - those who have purchased Sunrise homes before. This is a very good indication as the repeat sales indicates that buyers are confident with the projects developed by Sunrise. Quality is certainly there to attract repeat buyers.
Take-up rate for projects is very high as well, with at least 70% for its latest project - 10@ Mont Kiara, has already exceeded 80% sales.
Personally, I still prefer those property stocks that have been delivering good results instead of IDR theme counters. My top three preferences are Sunrise, E&O and Mah Sing.

Still worth buying - From The Edge

Below are the 10 stocks that consider as still worth buying by The Edge:

1. Tenaga
2. Time dotCom
3. Opus International
4. Tong Herr
5. Tanjong PLC
6, Affic Holdings
7. Magnum Corp
8. MRCB
9. Masteel
10. Bumiputra-Commerce.

My personal perferences are Tong Herr, Masteel and Bumiputra-Commerce.

Property Stock

PM will announce another important announcement regarding property sector in this week - 13 April. It is believe that it will be another good news to boost Malaysia property market. Will it be a cut in Stamp Duty? I have no idea as well. Let us wait and see ..
Quality companies (worth to invest):

1. E&O Prop
2. E&O
3. Sunrise
4. Mah Sing
5. SP Setia
6. YNH Prop
7. SDRED

Happy investing ...

Titan Chemicals

Titan remains 'low profile' after the release of their Q4 result. Base on previous trending, Titan will perform well when they remain the 'low profile' situation.
Q1 has ended and it is a great chance to purchase Titan in dip. Final dividend of 4.5 is yet to ex.
I believe they will be able to release a good result for Q1, with at least of RM200mil net profit and bigger share market in Indonesia with PT Titan.

Property stock

Finally, Sunrise has managed to break RM2.50 resistance level. E&O also breaks thru RM2.30 resistance level. They are very safe bets in property stocks. Sunrise will remain its good results with Mont Kiara development while E&O will remain the major player for the property development with Sri Tanjung Pinang in Penang island. Both E&O related companies - E&O Prop and Putra Perdana are doing very well as well. UBS and Goldman continued to purchase E&O share recently. At least RM3 is my personal target for E&O.

Mah Sing is yet to move. Sit down patiently and I believe it will sail to RM6.50 in medium term. The advantage of Mah Sing is they have projects in Johor where the property value will increase due to IDR theme. Mah Sing has the ability to launch new projects in shorter period as well. E&O does not do well in this area.

Meanwhile, are IDR counters worth with the current prices? Their prices continue to raise like nobody business. Just let us think carefully, what happened to Ekran which only rely on the money from Government? Nothing wrong to ride with the current trend, but better not to sit there comfortably without jumping out ...

-Value Investing-

Nextnation - Private Placement Update

According to the announcement in Bursa Malaysia, Nextnat's application for a further extension of time of 3 months for private placement, from 24 March 2007 to 23 June 2007 has been approved by SC.

The SC had also in its said letter informed that this would be the final extension of time accorded and the Proposed Private Placement is to be completed within the stipulated timeframe.

Hopefully they will not place to any fund which tends to sell down their holdings fastly. This has been a big issue for Nextnat share price where it is so hard for it to move upward.

Meanwhile, it is a good news for the existing shareholders as they can expect bonus issue soon?

I hope the share price can move up to at least RM1 prior to bonus issue. Otherwise, it will remain as a penny stock which is out of investors' radar. It is frustuating to have a good and solid company like Nextnat to tag with 'penny stock'.

Ozura continues its aggresive effort to partner with overseas channels to distribute its developed games. The latest parter - Zingy Inc.

Once again, why overseas profit margin is low? (Please refer to my previous blog)

Hope to seek better clarifications from the management in this year AGM.

Great Blog

You may visit nexttrade.blogspot.com for further analysis of Nextnat. This blog combines both fundamental and trend analysis. It is one of my favourite site for financial result analysis. The articles have been written professionally.