Monday, January 6, 2014

3 Cash-Rich Companies


FACB Industries Incorporated (Rm 1.35)

Its net cash in-hand is Rm 149 millions, equivalent to Rm 1.77 per share of cash. Its last quarter earning is 76.64 sens per share. Main bulk of its profit was due to gains from disposal of properties. Its net assets is Rm2.61 a share.


FACB moved from Rm1.26 to Rm1.35 within two days with high volumes. It is likely that wave (iii) of its major wave 5 has started.




Land & General Bhd (Rm0.465)

Its net cash in-hand is Rm267 millions, that is 42 sens per share. Besides the cash L&G has 1,009 hectares of rubble and oil palm estate in Ulu Selangor and other development land and properties.

Its last quarterly earning is 3.86 sens per share. Net assets per share is Rm0.75.

L&G gained 3 sens today to put on a solid green candlestick.


It appeared to me that the mini-wave 3 of its sub-wave iii of its major wave 3 has started.



Pan Malaysia Corporation Bhd (Rm0.23)

PM Corp has Rm139 millions cash with little borrowing. Cash per share is 20 sens. It has businesses and other assets in Malaysia, Singapore and Hong Kong.


PM Corp gained 1.5 sens today. Its last quarterly earning is 3.22 sens a share. The high profit is due to an exceptional gain of Rm21.58 millions arising from disposal of properties. Its net assets per share is 48 sens.
 

The wave count for PM Corp is as shown above. Has the correction ended ? The pullback can either be the major wave 6 or the wave A of mega wave (4). The next rebound is either the major wave 7 or it is the wave B of mega wave (4).


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2 comments:

saw said...

chan, do you analyse Maxwell?

Chan Kwang Yew said...

Hi Saw, I always avoid China's Companies that are listed here. Maxwell might have been incorporated locally but it owns companies in China, so, I avoid Maxwell too.