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沙伯盯讲股

Saturday, August 30, 2008. 最近有太多关于独立发电厂的负面消息,说得最多的当然是政府要向独立发电厂征收的暴利税。既然政府已经公布了暴利税是以独立发电厂的税息前盈利除以净资产(EBIT/net asset),而TANJONG也宣布了它可能每年必须支付高达RM70m的暴利税,就来预估一下TANJONG FY09的盈利吧。 以政府的ROA计算法作为依据,TANJONG在大马的三个独立发电厂Telok Gong, Pahlawan和Panglima的ROA为50%,19%与19%。这相等于RM85m的暴利税。 又,Panglima发电厂将在七月有为期40天的定期维修,这将需要大约最高RM80m的维修费。 Pendekar Energy在1QFY09里贡献了RM77m与RM12m(归纳为联营公司)的EBIT,假设此赚副可维持到第四季,那Pendekar Energy的EBIT将为RM308m加RM48m。 当然,还有一些风险没计算在内,如:. But perhaps even more unsettling is the government's recently announced w...

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沙伯盯讲股 | supperteam.blogspot.com Reviews
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Saturday, August 30, 2008. 最近有太多关于独立发电厂的负面消息,说得最多的当然是政府要向独立发电厂征收的暴利税。既然政府已经公布了暴利税是以独立发电厂的税息前盈利除以净资产(EBIT/net asset),而TANJONG也宣布了它可能每年必须支付高达RM70m的暴利税,就来预估一下TANJONG FY09的盈利吧。 以政府的ROA计算法作为依据,TANJONG在大马的三个独立发电厂Telok Gong, Pahlawan和Panglima的ROA为50%,19%与19%。这相等于RM85m的暴利税。 又,Panglima发电厂将在七月有为期40天的定期维修,这将需要大约最高RM80m的维修费。 Pendekar Energy在1QFY09里贡献了RM77m与RM12m(归纳为联营公司)的EBIT,假设此赚副可维持到第四季,那Pendekar Energy的EBIT将为RM308m加RM48m。 当然,还有一些风险没计算在内,如:. But perhaps even more unsettling is the government's recently announced w...
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1 沙伯盯讲股
2 彩马发电(五)
3 ppa的合约从新谈判,赚利被逼调低
4 暴利税比预算来得还要高
5 the edge
6 the star
7 写于七月十八日二零零八年
8 posted by 沙伯盯
9 16 comments
10 email this
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沙伯盯讲股,彩马发电(五),ppa的合约从新谈判,赚利被逼调低,暴利税比预算来得还要高,the edge,the star,写于七月十八日二零零八年,posted by 沙伯盯,16 comments,email this,blogthis,share to twitter,share to facebook,share to pinterest,彩马发电(四),写于七月十二日二零零八年,no comments,彩马发电(三),买入的风险:,一.非核心的业务如休闲业的持续亏损,三.政府有意重谈ppa合约
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沙伯盯讲股 | supperteam.blogspot.com Reviews

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Saturday, August 30, 2008. 最近有太多关于独立发电厂的负面消息,说得最多的当然是政府要向独立发电厂征收的暴利税。既然政府已经公布了暴利税是以独立发电厂的税息前盈利除以净资产(EBIT/net asset),而TANJONG也宣布了它可能每年必须支付高达RM70m的暴利税,就来预估一下TANJONG FY09的盈利吧。 以政府的ROA计算法作为依据,TANJONG在大马的三个独立发电厂Telok Gong, Pahlawan和Panglima的ROA为50%,19%与19%。这相等于RM85m的暴利税。 又,Panglima发电厂将在七月有为期40天的定期维修,这将需要大约最高RM80m的维修费。 Pendekar Energy在1QFY09里贡献了RM77m与RM12m(归纳为联营公司)的EBIT,假设此赚副可维持到第四季,那Pendekar Energy的EBIT将为RM308m加RM48m。 当然,还有一些风险没计算在内,如:. But perhaps even more unsettling is the government's recently announced w...

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1

沙伯盯讲股: August 2006

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Wednesday, August 30, 2006. 喝一杯浓浓的咖啡?(三). UCHITEC年对年的营业额和净盈利起了15.3%和18.6%。季对季也起了8.8%和9.5%。接下来,投资人关心的应该是UCHITEC打算如何利用它手头上多余的现金。跟据UCHITEC的计划,它打算投资在生物科技领域,但到目前为止还没有看到UCHITEC有什么动作,可能还没找到适合的投资对象吧! 对我来说,目前UCHITEC唯一的警讯应该是来自它的ESOS,之前也有提过,UCHITEC在二月公布了15% 的ESOS。如果将这ESOS的数量全计算在内,UCHITEC的每股盈利将会被拉底至20.7sen。相对的就会提高了它的本益比。 忘了提一下,看到一间证卷行的分析报告说UCHITEC的业绩提高了,但不符合他们的预测,所以他们调低对UCHITEC的评级。我只能说他们的预期会不会太高了?还是他们太乐观了?对我而言,这样的业绩算是不错的了。你说呢? Monday, August 28, 2006. 世界顶级?(三). Sunday, August 27, 2006. 最后,不得不提一下YTL刚刚公布的以10配1比...

2

沙伯盯讲股: September 2006

http://supperteam.blogspot.com/2006_09_01_archive.html

Saturday, September 30, 2006. 8220;大马股市的博彩文化(Casino Culture). 大马股市在相当的程度上是一个被操纵的市场。许多人进出股市犹似进出云顶赌场,想赚点快钱。没有内幕消息的股项,纵使公司营运甚佳,盈利可观,也没有人会去追,没有卖家去追的股项价格能涨的幅度有限。不少业绩稳健,每年派息的股项,每天的价格均徘徊在三几个价位内,不升不跌。”. 8220;2005年共有57家新上市的公司,其中32家公司的盈利预测比实际盈利低,同时更有21家公司或总数的36%新公司盈利落差超过20%。”. 8220;由于国内信贷成本廉宜,市场游资充裕的推波助澜下,使今年大马股市企业并购行动中,上市公司进行私有化及除牌之风猛力吹起,并且迹象显示后市风头仍健。今年已宣布的私有化计划总共有280亿令吉,或占大马股市总市值约3%的资金。”. Ø 新上市公司的盈利预测看看就好,不必太认真。 Ø 要投资新上市公司千万不可太急,因为上市前的业绩报告未必靠得住。 Ø 就算你只是投资蓝筹股,也未必一定赚钱,因为蓝筹股并不代表公司本身的基本质素就是好的。 12298;谁说大象不能跳舞?...

3

沙伯盯讲股: January 2008

http://supperteam.blogspot.com/2008_01_01_archive.html

Monday, January 28, 2008. 喝一杯浓浓的咖啡?(六). 终于在九月将UCHITEC卖出了。持股三年多,总回酬为212.8%,年复利率为40.8%。卖出的最大理由是因为公司成长已经开始有缓慢下来的迹象,其实在八月时已有卖出的打算,再加上设定的目标早已达到,所以卖出。 彼得。林奇(Peter Lynch):. 8220;如果一个投资人不能在三十秒内说出他们的投资对象是从事怎样的业务,那么他们的投资很难成功。”. 8220;Do not become so attached to a winner that complatency sets in and you stop monitoring the story.(不要因为太熟悉手上所持的赚钱股票,而疏于防范,没有密切跟进股项后面的故事。)”. Friday, January 25, 2008. 在一月二十二日星期二那天,我又进场了。有朋友问,你不怕股市继续下跌吗?我怕,但问题是我不懂股市几时会是低点,所以我只能根据我所能理解的,买进自己...再来看,假设说你拥有一间咖啡店,生意很好,已经连续...最后,你看上了一台在电...

4

沙伯盯讲股: May 2008

http://supperteam.blogspot.com/2008_05_01_archive.html

Saturday, May 31, 2008. ONASTEL在5月15日公布了 Q1FY08的业绩。营业额年对年与季对季的起了5%与15%,净盈利在同时间也起了6%与60%。GI与PPGI的营业额跌了11%,同时期的CRC的营业额却起了23%。CRC的销量增长以及更高的售价使这一季的业绩不错。有一点值得注意的是这季的赚率比上一季提高了,根据公司的解释,因为公司开始运用了每月定价,之前是每季定价。 ONASTEL也提议公司改名为CSC Steel Holdings Berhad,希望可借助CSC母公司在国际的信誉来提高自身的知名度。 目前的ONASTEL拥有稳健的财务报表,低负债,19.9sen的净现金、与5.8%的净股息。政府已经在5月9日宣布取消了钢铁顶价,以让钢铁价钱自由浮动,这将惠及ONASTEL,公司可以调高CRC的价钱,而且不需再向Megasteel购买较贵的HRC。 另两则好消息,来自The Edge和The Star。 The liberalisation of exports would also be positive for the local steel manufacturer...

5

沙伯盯讲股: 彩马发电(五)

http://supperteam.blogspot.com/2008/08/blog-post_30.html

Saturday, August 30, 2008. 最近有太多关于独立发电厂的负面消息,说得最多的当然是政府要向独立发电厂征收的暴利税。既然政府已经公布了暴利税是以独立发电厂的税息前盈利除以净资产(EBIT/net asset),而TANJONG也宣布了它可能每年必须支付高达RM70m的暴利税,就来预估一下TANJONG FY09的盈利吧。 以政府的ROA计算法作为依据,TANJONG在大马的三个独立发电厂Telok Gong, Pahlawan和Panglima的ROA为50%,19%与19%。这相等于RM85m的暴利税。 又,Panglima发电厂将在七月有为期40天的定期维修,这将需要大约最高RM80m的维修费。 Pendekar Energy在1QFY09里贡献了RM77m与RM12m(归纳为联营公司)的EBIT,假设此赚副可维持到第四季,那Pendekar Energy的EBIT将为RM308m加RM48m。 当然,还有一些风险没计算在内,如:. But perhaps even more unsettling is the government's recently announced w...

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炒股纪事: 五月 2008

http://gorengsaham.blogspot.com/2008_05_01_archive.html

台湾一本畅销理财杂志曾要求当地股市的多位“重量名家”,向读者推荐几本有关股票的书籍。 我有注意到他们的书单当中,都有一本相同的书,那就是已故德国股神, 安德烈.科斯托兰尼. Andre Kostolany)在2000年的最后一本著作:《一个投机者的告白》(Die Kunst uber Geld nachzudenken)。 来读,看看到底里面有什么精辟的见解,直叫这些行家们大力推荐。有位名师特别推荐此书的第九章。 现在的心情感觉到,炒股就好比钓鱼,就不晓得眼前选择的鱼塘是否有鱼。 之前卖掉ENGTEX转买INCKEN,也好比从一个鱼塘跑去另一个鱼塘。现在看到INCKEN的股价往下跌,而ENGTEX的股价则回升,真的有点怀疑是否选错鱼塘。 然,我觉得炒股应该就像钓鱼,总不能每次放下鱼杆就有大鱼上钓,有时还要考验自己的耐性。之前把ENGTEX鱼塘里的鱼钓得差不多,就理当放手离开,更何况股价已超过净资产了。 说到“净资产”这个东西,昨晚计算大马股市所有股项的“量能”时,才发现到MUDA股项的净资产还远远超越现在的股价。 就祝福我Good Luck, 好吗? 我怀疑是用错“股价”&#65...后来&#65292...

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沙伯盯讲股

Saturday, August 30, 2008. 最近有太多关于独立发电厂的负面消息,说得最多的当然是政府要向独立发电厂征收的暴利税。既然政府已经公布了暴利税是以独立发电厂的税息前盈利除以净资产(EBIT/net asset),而TANJONG也宣布了它可能每年必须支付高达RM70m的暴利税,就来预估一下TANJONG FY09的盈利吧。 以政府的ROA计算法作为依据,TANJONG在大马的三个独立发电厂Telok Gong, Pahlawan和Panglima的ROA为50%,19%与19%。这相等于RM85m的暴利税。 又,Panglima发电厂将在七月有为期40天的定期维修,这将需要大约最高RM80m的维修费。 Pendekar Energy在1QFY09里贡献了RM77m与RM12m(归纳为联营公司)的EBIT,假设此赚副可维持到第四季,那Pendekar Energy的EBIT将为RM308m加RM48m。 当然,还有一些风险没计算在内,如:. But perhaps even more unsettling is the government's recently announced w...

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