July 17th - BC Daily Trading Floor

Good day traders

ahtan breakout mastero
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Selamat Pagi...arini what to trade 

peanut wrote:Selamat Pagi...arini what to trade 

pagi pagi .. 400 post lagi ke member terhormat  

Cals wrote:

peanut wrote:Selamat Pagi...arini what to trade 

pagi pagi .. 400 post lagi ke member terhormat  

  he he....we miss RSawit.... yesterday closing could get 8.5

MUHIBAH oh MUHIBAH   

things a bit to fast.... pening 

good morning....

WW wrote:

A person who never made a mistake never tried anything new.
Albert Einstein

A trader who has never lost, is not a trader yet.

  
 kalau sudah burn...??  

WW wrote:

A person who never made a mistake never tried anything new.
Albert Einstein

A trader who has never lost, is not a trader yet.

trololollol

morning~~    

peanut wrote:

WW wrote:

A person who never made a mistake never tried anything new.
Albert Einstein

A trader who has never lost, is not a trader yet.

  
 kalau sudah burn...??  

 After burned, will remember forever..hehe. But a lot of time, ppl will 4get fast, and repeat the same mistake again..

WW wrote:

peanut wrote:

WW wrote:

A person who never made a mistake never tried anything new.
Albert Einstein

A trader who has never lost, is not a trader yet.

  
 kalau sudah burn...??  

 After burned, will remember forever..hehe. But a lot of time, ppl will 4get fast, and repeat the same mistake again..

so true...like me...sudah burn beberapa kali....rentung i think .. still forgeting...

JF wrote:morning~~    

 morning   

Ah Tan...Kudos to you !! Your list always great.
Going to share the secret of success to BC members?

WW wrote:

peanut wrote:

WW wrote:

A person who never made a mistake never tried anything new.
Albert Einstein

A trader who has never lost, is not a trader yet.

  
 kalau sudah burn...??  

 After burned, will remember forever..hehe. But a lot of time, ppl will 4get fast, and repeat the same mistake again..

 but at least make lesser gua.
  

Cals wrote:

peanut wrote:Selamat Pagi...arini what to trade 

pagi pagi .. 400 post lagi ke member terhormat  

peanut punya post vrooom vry fast     

JF wrote:

Cals wrote:

peanut wrote:Selamat Pagi...arini what to trade 

pagi pagi .. 400 post lagi ke member terhormat  

peanut punya post vrooom vry fast     

  

Mudajaya Group - Twin catalyst effect
Highlights
The first twin… Last Thursday (11 Jul-13), news portal reported that Coal India and NTPC have finally signed two model fuel-supply agreement (FSA), which has been deadlocked in negotiations for ~1 year. This has set the stage for other power firms to proceed with similar FSAs with Coal India.

Reduced coal risk… This positive development has reduced Mudajaya’s coal supply risk for its India power plant (26% stake). To recap, Mudajaya has a coal linkage contract with Coal India for ~6.2mt/year. Although, the linkage is still under LOA (Letter of Assurance), it will provide clarity on the coal linkage framework and estimated feedstock costing. We believe that the new FSA will see Mudajaya incurring higher feedstock cost from US$20/ton to ~US$30/ton. The cost increase will be offset by its fuel cost pass-through mechanism.

Not yet the inflection point… Although we welcome the positive newsflow on the coal issue, we reiterate our belief that the inflection point to fully unlock Mudajaya’s power plant venture is upon the successful test firing of its power generation units which is currently underway (please refer to our report “Powering towards the inflection point” dated 3 May-13).

The second twin… Suruhanjaya Tenaga has confirmed that TNB has been selected as the preferred bidder for the next 1,000MW coal-fired power plant located at Janamanjung. Mudajaya is currently the civil contractor for the existing 1,000MW Janamanjung power plant extension project worth RM720m.

Edge over rivals… We believe that Mudajaya has the edge over its competitors to continue on as the civil contractor for the next 1,000MW extension project given its lower mobilisation costs, better understanding of the client’s requirements, local value chain knowledge and niche as a power plant civil contractor. If successful (assuming the same contract size of RM720m), it will be a sizable job win for Mudajaya as it represents ~47% of FY12’s construction revenue and ~35% of its outstanding order book of RM2.1bn (see Figure #1). Meanwhile, its outstanding order book translates to a run rate of ~1.3x FY12’s construction revenue.

Risks
Delay in completing the India IPP project; Regulatory and political risk (both local and abroad); Rising raw material prices; Unexpected downturn in the construction sector; and Sharp depreciation in the Indian Rupee and US dollar.

Forecasts
Unchanged.

Rating
BUY

Despite Mudajaya’s conservative approach to bid for projects, we continue to like the company for its niche in sizable infrastructure-related projects. We believe that the company will be able to successfully complete its India power plant project. Both its share price and valuation remains a laggard in the construction sector, hence we are maintaining our BUY call on the company.

Valuation
TP of RM3.53 based on SOP valuation maintained (see Figure #2).

Source: Hong Leong Investment Bank Research - 17 Jul 2013

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 Haha...where are you?

WW wrote:[You must be registered and logged in to see this image.]

 Haha...where are you?

at the bottom...    

yeelee vrooom!

JF wrote:

WW wrote:[You must be registered and logged in to see this image.]

 Haha...where are you?

at the bottom...      

the fourth person actually using straw (not in the picture)  

JF wrote:yeelee vrooom!

waaa...td baru up 2 sen