Thursday, March 30, 2017

ARANK's A-RANKed Mission

ARANK company in Selangor

ARANK through his 100% owned subsidiary, Formosa Shyen Horng Metal SB, is principally involved in the manufacturing and marketing of aluminium billets which is the core business of the group. In 1998, Formosa had an installed capacity of 12,000 metric tonnes per annum of aluminium, now, as written in the latest Annual Report 2016, currently, the installed capacity had grown to 120,000 metric tonnes per annum. Being the largest manufacturer and supplier of aluminium billets, and one of the leading of suppliers of aluminium extrusion billets in Asia, the growth for ARANK in  19 years is 900%. From here, we can see that the demand of aluminium had skyrocketed in the past 20 years, and ARANK had been there, feeding and supplying the skyrocketing demand of aluminium in the industry.

But first, we need to understand how aluminium is produced. We can take a look at this youtube video[2]. To make it short, the raw material of aluminium is bauxite. Bayer process is a process to refine bauxite to produce alumina (aluminium oxide). There are only 30% - 54% of alumina in the bauxite[3]. And aluminium is extracted from the alumina by electrolysis, separating aluminium metal in the negative electrode and sink to the bottom of the tank, while oxygen at the positive electrode[4]. All of these processes involved massive machineries and facilities.

The center bottom, aluminium extrusions; the right is the aluminium billets. (Diameter ranging from 3 inches to 11 inches and longest length up to 6 meters)
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Tuesday, March 21, 2017

FBMKLCI - No Sign of Turning Back

Our FBMKLCI showed no sign of turning back, not even a short glimpse~ Today (20 March 2017) is our FBMKLCI's 3rd day's bullishing up day. And the volume just could not stop getting higher and higher. 

FBMKLCI Daily Chart
After the agreement between PETRONAS and Saudi Aramco on 1 March 2017, foreign funds had been actively buying in, which we can observe through the statistics below:
Market Participation[1]

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Thursday, March 9, 2017

一失足成千古恨,记得自我审查逻辑核对

昨天(8 March 2017),MIKROMB宣布了股息消息。
Bursa网站[1]

我们看看,公司宣布即将颁发6仙股息给所有的股东。6 仙就是0.06。如果是普通人,看到了6仙,眼睛就会立刻亮起来。我也是一样。但是想想一下,好象很不逻辑。还好我的股友(Ninjames)也有提起这个现象。

怎么说不合理呢?

我们来用数学解释一下。MIKROMB的总数量有306.79 Mil.
0.06 x 306,790,000 shares = RM18,407,400 = RM18 Mil

MIKROMB 需要掏出RM18 Mil来颁发股息给股东。

哇~有没有哦~

那么Dividend Yield就有12%,看到这里当然就完全不逻辑了。


MIKROMB基本资料[2]
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Bull Market Back Backed by Foreign Funds?

On 1st March, Saudi Aramco signed an agreement with Malaysia's national oil company, PETRONAS. The deal will allow Aramco's to have equal ownership in selected ventures and assets of the RAPID project within the Pengerang Integrated Complex (PIC)[1]. The RAPID project includes a refinery with the capacity to churn out 300,000 barrels of oil a day, a cracker plant and a petrochemical complex with an annual production capacity of 7.7 million metric tons. The refinery begins operation in 2019.
Saudi Aramco signed an agreement with PETRONAS on participation in RAPID

The partnership marks the beginning of a strategic relationship providing RAPID with high-impact strengths from both Saudi Aramco and Petronas. “On the occasion of the historic state visit to Malaysia by King Salman, Saudi Aramco is proud to be entering into a deeper partnership with our world class partner Petronas via the RAPID project,” Aramco’s president Nasser said. “Together with Malaysia, the Southeast Asia region offers tremendous growth opportunities and today’s agreement further strengthens Saudi Aramco’s position as the leading supplier of petroleum feedstock to Malaysia and Southeast Asia.[1]

After since, our index had been quite bullish. Notice of the support at 1690.93? The chart bounced off the support on the 1 March 2017 and after that, it continued its uptrend. We can also draw an uptrend channel after the V-shape rebound in the beginning of 2017. To add some spice to that, SMA50 had crossed over SMA200, which confirms that the bull is back~
FBMKLCI Daily Chart
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Wednesday, March 1, 2017

YEELEE - Post Q4 2016 Red Bull Drinking Ribena

Today is the last day of February 2017. 2 months had passed and there is another 10 more months to to~ Our FBMKLCI had been in a rough roller coaster. All of my counters had released the QRs. Therefore it's a busy day to read... read... and... read.... I had been tracking YEELEE since 15 August 2016:

Let's dig in~

1. Fundamental Analysis

Revenue and Net Profit in Malaysia Stockbiz[1]
YEELEE announced their Q4 2016 result. Both revenue and net profit shown positive improvement in qoq and yoy. Revenue increased +18% qoq and +23% yoy respectively while net profit increased +9% qoq and +9% yoy respectively. If you notice from the snapshot above, this Q4 2016 shown the highest revenue and net profit during the displayed 3 years[1]. For me, YEELEE is still a growing counter. For the whole year, FY2016's revenue improved +32%, while net profit increased +39% when compared with FY2015. The net profit margin also improved to 4.2%

YEELEE 5 Years Revenue and Net Profit [1]
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