| Meet Bubu in Visit Sibu Year 2017 |
2017 is a Visit Sibu Year.
The mascot for Visit Sibu Year 2017 is a crocodile named BUBU. BUBU
actually stands for "Bujang, Sibu". The word, Bujang means warrior in
Iban language. What's so special about my hometown?
Well, there's plenty of affordable foods (very cheap). Imagine, you can
get a kampua mee (or known as mee kicap) for RM2.50. If you're here in
Sibu and you do not know where to eat??? Kamon.... There's a lot of
cheap and delicious food~ Or you can visit HERE[1] for
more food recommendations in Sibu. There's also a lot of interesting
places in Sibu. And plenty of events in Sibu in conjunction with the
Visit Sibu Year. Click HERE[2] for the calendar and events.
Alright, enough about my hometown~ Haha. But, honestly speaking, you
should plan a 3 days 2 nights in Sibu. A short and simple one will do.
Sibu, Heartland of Borneo.
During my CNY period, i actually roamed around Sibu snapping photos of
the listed companies from Sibu. In my list, there are 9 companies from
Sibu listed in our FBMKLCI. Hence, in conjunction with Visit Sibu Year
2017, i will also brief through the FA and TA of the companies. The
sequence below are not in order, and of course these are not BUY call
too.
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1. RSAWIT
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| RSAWIT, JTIASA, SUBUR |
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| RSAWIT office is located in the RH Building |
Tan Sri Tiong Hiew King is the founder and chairman of Rimbunan Hijau Group. Recently he appeared in The Star Business News, ranked 31 at the Top 40 Richest in Malaysia[3].
Rimbunan Hijau Group is engaged in forestry, oil palm, media, ICT,
hospitality, tourism, property development, trading, human capital
development and other industries also[4]. He had total of 4 listed companies in Malaysia. The first one is RSAWIT.
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| Revenue and Net Profit for RSAWIT in 2 years |
RSAWIT had been making losses in 2015. RSAWIT is an oil palm plantation
company. In the latest Q3, 2016, the company had made a profit of RM2
mil, but it still require another RM19 mil to turn the tide. They will
be announcing the Q4, 2016 result in this coming February. Meanwhile,
CPO price had climbed above RM3,000[5]. This might be a good news for RSAWIT, but still we need to check the production from RSAWIT's plantation field.
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| RSAWIT Daily Chart |
Previously, RSAWIT had a double bottom and it rebounded and hit 0.625,
forming a resistance. Then it formed a death triangle and the price fall
back to 0.48. Subsequently forming an ascending triangle with a
resistance of 0.53. In the short term, SMA20 had climbed above SMA40.
2. JTIASA
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| JTIASA Office |
JTIASA is involved in the timber and palm oil plantation. JTIASA owns a
large forest concession area of about 713,200 hectare in Sarawak.
Recently due to the enforcement of rules related to timber or forest
certification and sustainable forest management, the timber-related
activities may be facing a tougher outlook.
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| Revenue and Net Profit for JTIASA |
Fundamentally JTIASA had been doing great. The revenue for 2014, 2015
and 2016 is maintained at RM1,000 mil, while the net profit had been
fluctuating due to the CPO price. JTIASA will be announcing their Q2,
2017 result in this coming February. Since the palm oil had been in the
uptrend since 2016, therefore, we can expect JTIASA to post favourable
results.
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| JTIASA Daily Chart |
JTIASA broke from the uptrend channel and go sideways. However, it seems
like JTIASA is challenging a resistance of around 1.44. Notice a big
volume kicking in on 3 February? Maybe its a good sign from the market
consensus. The SMA20 had just crossed over SMA40 and hopefully it can
break through the resistance of 1.44 and climb all the way to north.
3. SUBUR
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| SUBUR Office |
Similar to JTIASA, SUBUR is a sister company engaging in the same industry as JTIASA, which is in forestry and palm oil.
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| Revenue and Net Profit for SUBUR |
Revenue and net profit for SUBUR had been in a downtrend. The net profit
slipped to red in 2016. In the Q1, 2017, the net profit is RM150k while
the revenue had started to pick up, mainly due to the uptrending price
of palm oil.
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| SUBUR Daily Chart |
SUBUR had been in downtrend. Beware of the volume and it is not an active stock. If we want to trade, we should stay cautious.
4. MEDIAC
Next is MEDIAC. MEDIAC is in charged of publishing, printing and
distribution of Chinese language newspapers, magazines and books. The
most famous newspapers that are under MEDIAC are Ming Pao Daily News
（明报）, Sin Chew Daily （星洲日报）, Nanyang Siang Pau （南洋商报）, China Press
（中国报）, Guang Ming Daily （光明日报）, not to forget the students magazine in
the school, 小星星，星星周刊，学海 etc etc. The main office of MEDIAC is not in
Sibu, it is actually in Selangor. But the Group Executive Chairman and
Executive Director is still the powerful Tan Sri Datuk Sri Tiong Hiew
King, which made MEDIAC is another listed company from Sibu.
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| Revenue and Net Profit for MEDIAC |
If you notice MEDIAC's revenue and net profit, it had dropped a lot
since 2015 as the paid newspapers had decreased and the spending on
magazines had plunged 18.4%[6].
The real reason i had not study into it but the initial guess is
everybody is going into electronic magazines and electronic newspapers.
Same goes to advertising, people will advertise in facebook or other
free channels.
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| MEDIAC Daily Chart |
Technically, MEDIAC's chart rebounded after the Fibonacci 61.8%. The
SMA20 is beginning to cross over SMA40. The next resistance will be the
Fibonacci 50%, which is around 0.64. They will be announcing their Q3,
2017 in this February too.
I will continue on the Here in My Home - Sibu, Sarawak part 2 in the
next post. (Because i wanna go for kampua as supper already.. hehe). See
you in my next post~
If you like my way of analysis and you haven't join me in my facebook, appreciate if you could like my FB page, https://www.facebook.com/gainvestor10sai/?fref=ts
Thank you^^
Let's Ride the Wind and Gainvest
Gainvestor 10sai
5 February 2017
9.05pm
Sources:
[1]: https://suituapui.wordpress.com/
[2]: http://www.travelsibu.com/events.html
[3]: http://www.thestar.com.my/business/business-news/2017/02/04/top-40-richest-in-malaysia-31-35/
[4]: http://rhg.com.my/rhg_v2/en/profile/
[5]: http://www.mpoc.org.my/Daily_Palm_Oil_Prices.aspx
[6]: MEDIAC Annual Report 2016
http://gainvestor10sai.blogspot.my/2017/02/here-in-my-home-sibu-sarawak-part-1.html
