Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
Wednesday 24 November 2010
Tong Herr Resources Berhad
Date announced 24/11/2010
Quarter 30/09/2010 Qtr 3 FYE 31/12/2010
STOCK TONGHER C0DE 5010
Price $ 1.86 Curr. ttm-PE 9.70 Curr. DY 2.69%
LFY Div 5.00 DPO ratio 26%
ROE 8.4% PBT Margin 21.6% PAT Margin 7.7%
Rec. qRev 109005 q-q % chg 71% y-y% chq 125%
Rec qPbt 23498 q-q % chg 135% y-y% chq 499%
Rec. qEps 6.57 q-q % chg 32% y-y% chq 136%
ttm-Eps 19.18 q-q % chg 25% y-y% chq 83%
Using VERY CONSERVATIVE ESTIMATES:
EPS GR 5% Avg.H PE 10.00 Avg. L PE 4.00
Forecast High Pr 2.45 Forecast Low Pr 1.62 Recent Severe Low Pr 1.62
Current price is at Lower 1/3 of valuation zone.
RISK: Upside 71% Downside 29%
One Year Appreciation Potential 6% Avg. yield 3%
Avg. Total Annual Potential Return (over next 5 years) 10%
CPE/SPE 1.39 P/NTA 0.81 NTA 2.29 SPE 7.00 Rational Pr 1.34
Decision:
Already Owned: Buy Hold Sell Filed Review (future acq): Filed Discard: Filed
Guide: Valuation zones Lower 1/3 Buy Mid. 1/3 Maybe Upper 1/3 Sell
Aim:
To Buy a bargain: Buy at Lower 1/3 of Valuation Zone
To Minimise risk of Loss: Buy when risk is low i.e UPSIDE GAIN > 75% OR DOWNSIDE RISK <25%
To Double every 5 years: Seek for POTENTIAL RETURN of > 15%/yr.
To Prevent Loss: Sell immediately when fundamentals deteriorate
To Maximise Gain & Reduce Loss: Sell when CPE/SPE > 1.5, when in Upper 1/3 of Valuation Zone & Returns < 15%/yr
Stock Data: Recent Stock Performance:
Current Price (11/19/2010): 1.81
(Figures in Malaysian Ringgits)
1 Week -1.6% 13 Weeks -1.6%
4 Weeks -3.7% 52 Weeks 7.7%
Tong Herr Resources Berhad Key Data:
Ticker: TONGHER Country: MALAYSIA
Exchanges: KUL Major Industry: Machinery & Equipment
Sub Industry: Miscellaneous Machinery & Equipment
2009 Sales 211,554,410
(Year Ending Jan 2010).
Employees: 183
Currency: Malaysian Ringgits Market Cap: 230,434,720
Fiscal Yr Ends: December Shares Outstanding: 127,312,000
Share Type: Ordinary Closely Held Shares: 78,455,794
Day's Range: 1.84 - 1.88
52wk Range: 1.65 - 2.04
Volume: 50,100
Avg Vol (3m): 54,798
Prospects for the current financial year (from its quarterly report)
Barring any unforeseen circumstances, the Group expects its business prospects for the current financial year to remain positive.
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