OLD TOWN 5201

China people LOVE Oldtown White Coffee a lot!!! IPO price RM 1.25 Current Price RM1.41 Market Cap RM465.30 Business: Largest oriental café chain in Malaysia with 196 outlets. Oldtown controls around 42% of white coffee market in Malaysia, 23% of coffee mix in HK and 12% of coffee mix in Singapore. Oldtown has 2 main businesses: i) Café chain (64% of sales) and ii) manufacturing of beverages (instant coffee, 36% of sales).Oldtown is no longer a successful local story. International expansion (especially into China) will be the multi-year re-rating growth story going forward.Oldtown, which recently opened its first two outlets in Guangzhou, targets to open 36 more by 2015. Have a cross check on the Sina’s...

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Unisem, MPI rally on rating, target price upgrades : CIMB

Unisem, MPI rally on rating, target price upgrades CIMB Investment Bank upgraded its recommendation and fair values for both MPI and Unisem! Unisem is upgraded from 'underperform' to 'outperform' and its fair value is raised by 87% from RM1 to RM1.87. MPI is upgraded from 'underperform' to 'outperform' and its target price is raised from RM2.79 to RM4.08, up 4...

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MPI 3867

MPI – The worst is over?   Price RM 3.04 Market Cap RM 642.25 mil Business: Leading semiconductor packaging and services provider in Malaysia. Services offered include manufacturing, assembling and testing of ICs (integrated circuits). MPI share price was under selling pressure after recent weak 2QFY12 result and rising concerns over Unisem’s loss-making 4Q results. Is the worst is over for MPI? I think there is one more bad quarter result to go however, share price always run ahead of fundamental changes. Therefore, this is the right time to start position on cyclical stock like MPI as its downside risk is limited. Here’s the reasoning; 1)      Global semiconductor industry is bottoming.     ...

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