Truths Half Truths & Deceptions

Dystopian

United U-Li Values Still Matter

United U-Li Corp (7133) shares have tumbled down further this afternoon. Reasons? Could be a thousand and one reasons. What matters is where is bottom? At 12x PE or whatever arbitrary numbers one pick, this stock has more downside simply because it was artificially propped up in the first place. It just did not deserve the sort of valuations.  I...

Kuantan Flour Mills Race Against Time

I posted this last December and warned about Kuantan Flour Mills' (8303) lofty value. 3Q results just came out.  From a risk perspective, KFM is suitable only for those willing to lose it all based on the simple notion that premiums for listed vehicles are worth 2-3 times its current market capitalisation of just RM4.4m. It is a crazy notion w...

Mycron Steel A Good Quarter

Last Thursday, I posted the rumour on Mycron Steel Bhd (5087). In it I suspected earnings to be the source of the whisper buy. True enough, it reported another sterling set of results for its 4Q. Looks tantalizing on discount to NTA or PEs. Only thing that sucks is it did not declare any dividend. It stopped paying after 2010. Front running ahe...

Bonia Second Thoughts

No turnaround in sight for Bonia (9288) unlike its peer Padini. Its retailing segment literally was shredded to pieces Look at its retail performance below between its third and fourth quarters  As you can see from the sequential QoQ numbers, this is not just one of its weakest quarter in two and a half years, its retailing business almost wen...

Perisai Petroleum Preparing For The Worse

Who threw in the towels on Perisai Petroleum (0047)?  Perisai Petroleum released its 2Q results last Wednesday. Compared with its 1Q results, it was well within expectations. But somehow it was the last straw for some parties as you can see how the initial selling last Monday led to the floors opening up.  The stock has fallen by more than 33% s...

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