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股市菜鳥

原帖由 Mr.Business 于 9-5-2008 09:37 AM 发表


欢迎回来！

你的熱情,把武大紿嚇跑了，快赔紿我们

stereo

原帖由 Mr.Business 于 9-5-2008 09:48 AM 发表
之前看过一个故事。有一个人买了一支股票，之后这股票在5年内升了10倍。他应该很爽是不是？错，他跳楼自杀了。。。因为他只买了100股！

哈。。。之前武大提过VADS后，我就一直有留意她，可是始终没买。。。

如果真是好股，红股会把100股变1000股。只要你够定力坚持不卖。

digimage

RM 6.70, Up Up .... Yeah.

stereo

已经来到RM6。70，能不能够破27－12－2007的新高RM6。90。
只差RM0。20。
这算是投资在网络的一个选折吧！现在网络还在处于成长的阶段。

digimage

只要突破 RM 7.00 ，应該可以一路向上。可能会发特別股息，因手上现金很多。

stereo

VADS 进入死亡交叉，希望能够守住6。50。

Mr.Business

新闻。

Friday June 6, 2008 MYT 12:36:15 PM
VADS safe haven for investors

KUALA LUMPUR: VADS Bhd offers a safe haven for investors with its high proportion of annuity sales and solid growth to boast, says OSK Investment Research.

The research house said Friday earnings visibility and certainty were key merits under the present uncertain economic environment.

“Its current order-book stands at over RM400mil (0.6 times FY08 sales), slightly more than half (55%) from the bread and butter managed network services (MNS) and the remainder from the contact centre/business process outsourcing (BPO) space,” it said.

OSK Research said with the provision of higher yielding value added services, earnings before interest, taxation, depreciation and amortisation (EBITDA) margins should continue to widen.

It said VADS’ MNS segment was self propagating and it expected earnings to pick up momentum over the next few quarters on progressive billings of few new MNS accounts clinched in the first quarter of 2008 (Q108).

“Pipelines remain healthy (more than RM100mil) due to the robust demand for bandwidth from enterprises. In any case, the same enterprises would be more receptive to the idea of outsourcing non-critical backroom functions to third party providers in further streamlining costs,” it said.

The research house said there was ample room for VADS to reward shareholders going by the high free cashflow (FCF) yields of 8%-9% for FY08/09, which were above the regular dividend yield of 5% based on the payout commitment of 40%-60% of net profit.

“With a current cash balance of RM105mil, every share is backed by 80 sen cash (57% of net tangible asset). Assuming an optimal net debt/equity target of 0.2 time (net cash currently), there is scope for additional RM1.05/share to be returned to shareholders,” it said.

On VADS’s strategy, it said the company was keen to venture into the US where there was a huge market for business process outsourcing (BPO) and it was in exploratory discussions with few multinational corporations.

OSK Research maintained its buy call on VADS at RM6.35 and a target price of RM8.50.

http://biz.thestar.com.my/news/s ... 08&sec=business

悶蛋

原帖由 stereo 于 28-5-2008 10:54 PM 发表
VADS 进入死亡交叉，希望能够守住6。50。

守不住会怎样

stereo

守得住就沒有將心痛LOH~﹗
不過下跌可以考慮加馬﹗因為賣了東和﹐現在有點CASH

lembu08

RM6 将要购买更多

VADS 对于长久投资是最好 ！！！

Mr.Business

大型合约首季达协议 威斯网络管理料走强 2008/06/06 17:52:10
●南洋商报

（吉隆坡6日讯）由于数个大型合约已在今年首季达成协议，分析员认为威斯（VADS，7150，主板贸服股）的网络管理服务（MNS）业务将在未来数个季度走势强劲。

侨丰投资分析员指出，由于企业对网络管理服务需求暴增，所以该公司的合约仍处于健康水平，超过1亿令吉。

分析员指出，在2008/2009财政年，相信威斯也有能力给予股东8至9％的高回酬率，这已是超出该公司所承诺的40至60％股息派发率，以及5％的周息率。

目前，威斯拥有1亿零50万令吉的现金，相等于每股80仙。

另外，威斯也开始涉足商业流程外包（BPO)领域，并正与多家跨国企业洽谈。

该公司管理层也正开始探索菲律宾的市场，如果目标适合，也有可能并购。分析员认为与外国策略伙伴合作，可以加强威斯在商业流程外包市场的地位。

分析员给予“买入”评级，目标股价为8.50令吉。

http://www.nanyang.com/index.php?ch=7&pg=12&ac=850459

Mr.Business

马电讯国际参阅价偏高 马电讯看高一线 2008/04/28
李志雄

从马电讯（TM,4863，主板贸服股）业务重组分拆出来的马电讯国际（TMInt，6888,主板贸服股），今日正式在大马交易所粉墨登场，成为马股全场焦点所在。

该股首日上市。是否将顺利开出红盘？抑或估值已经偏高，短期内上涨的空间不大？

马电讯国际（TMInt,6888,主板贸服股）今日正式在大马交易所亮相，能否顺利的取得溢价，旗开得胜？

这家集马电讯流动电讯及海外业务于一身的马股新贵，按每股7.80令吉的参阅价，初步估计的市值为 245亿令吉，将是大马交易所市值第八高的上市公司，而其母公司马电讯（TM,4863,主板贸服股）的市值则将由390亿令吉下滑至109亿令吉，排名从原本的第五直泻至第17。

部分分析员认为，马电讯国际每股7.80令吉的参阅价略嫌过高，这是否意味着该股的上涨空间有限？母公司马电讯被视为有能力保持派发可观股息的高息股，会否是更好的投资选择？

市场人士指出，挟着潜在大马股市10大市值股项之一光环登场的马电讯国际，由于上市参阅价偏高，预料短期内的上涨空间不大。

大部分分析员认为，马电讯国际坐拥流动电讯及海外业务，拥有较佳的成长潜能，但短期股价料不会有太大涨幅，上涨空间料比母公司马电讯逊色。

短期无太大涨幅

大马交易所文告宣布，马电讯国际今日首日上市，当天股价的跌幅限制为30％（跌停板水平），涨幅限制为400％（涨停板水平）。

马电讯国际的参阅价是根据马电讯业务分拆前最后一个交易日的闭市价算出。马电讯国际在上市一个月后，如果市值超过主板全数市值的1％，及其交易量处于主板首75％以上，将被纳入综指成分股内。

市场人士说，如果大马股市今日上涨，马电讯国际要取得溢价应不成问题，但基于估值已经偏高，预料有关溢价不会太大。

丰隆证券就表示，相比经营国内固定电话线、宽频及非电讯业务的马电讯，马电讯国际拥有较高的成长潜能，但该公司目前面对非常激烈的市场竞争压力，营运环境严峻。

拉昔胡申证券认为，尽管流动电讯业务可取得较高的盈利成长，但马电讯国际的参阅价高于预期，预料将限制该股短期的上涨潜能。

一名银行作后盾证券行的分析员更直接的指出，若纯粹以估值为考量，马电讯会是更好的选择。

他说，马电讯分拆后的参阅价只有3.05令吉，远比他预测的3.90令吉低；反观马电讯国际的参阅价7.85令吉则高过其预期，短期上涨的空间不大，单从这点来看，马电讯会有较大的上升潜能。

事实上，马电讯业务分拆后上周三以3.05令吉的参阅价上市，首宗交易即以3.50令吉跳空开市，比参阅价上涨了45仙或约15％，并一度上涨至3.66令吉，取得61仙或20％的涨幅，写下2000年以来的逾7年最高涨幅。

该股周三当天也是全场最热门股项，全日共有多达3千875万9100股易手，以及全场第二大涨幅股项，当天收市涨幅49仙或16％，以3.54令吉挂收。

马电讯周四继续上涨8仙，以3.62令吉报收，虽然周五面对套利回退，以3.58令吉挂收，但分析员仍普遍认为，短期内，马电讯的上涨空间将比马电讯国际来得高。

马电讯合理价4.54令吉

黄氏发展维高达证券行分析员就指出，马电讯股价的涨幅可能会比参阅价高54％。拉昔胡申证券则给予马电讯4.54令吉的合理目标价格，这表示该股还有49％的上涨空间。

拉昔胡申证券的这项估值，已把马电讯持有65％股权的子公司威斯（VADS,7150,主板贸服股）合理价格计算在内。其中，马电讯本身固定电讯业务的每股估值为4.35令吉，而它给予威斯的合理价格为7.94令吉，按6亿7千零10万令吉的持股价值计算，威斯每股估值为19仙，因此马电讯的每股总合理价为4.54令吉。

马电讯料续派高息 股市波动时期更佳选择

拉昔胡申证券表示，投资者预料将把业务分拆后的马电讯，视为一只高股息股项。

该证券行认为，由于分拆业务后，马电讯拥有干净的资产负债表，而且可能脱售非核心资产套现，该公司可进行进一步的资本管理活动。

早在去年宣布10月宣布业务分拆计划时，马电讯已表明每年将派发7亿令吉，或是相等于税后盈利90％的股息，视何者为高。

根据马电讯2007财政年集团现金与债务结存，以及假设马电讯的净负债对营运盈利比率为2倍，该公司可能宣布派发高达每股65至70仙的特别净股息（净周息率高达21至23％）。

丰隆证券则表示，分拆业务后的马电讯，预计将可保持90％，或每股40仙至50仙的股息派发率。

目前马电讯的最大隐忧，是该公司的固定电讯业务营收可能持续下滑，这可能令其派息政策出现风险。

不过，拉昔胡申分析员相信，数据及互联网业务的营收增长将保持强劲，足以抵消电话业务营收下滑的负面影响。

未来，马电讯的营收与盈利增长，将主要由宽频业务推动。

拉昔胡申分析员就预测，在今后三个财政年，即2008至2010年内，马电讯常年营业额及核心净盈利，将分别取得1.8至2.4％，以及1.85至4％的成长。

不过，该分析员也指出，马电讯未来盈利成长与派息政策存在四大风险，即：

（一）随着手机极度普遍，更多人弃用固定电话改用手机（流动电话），这表示固定电讯业务的营收将进一步下滑;

(二) 高速宽频计划的回酬偏低、

（三）盈利逊于预期，这可能对其股息派发率产生负面影响，以及

（四）没有进行资本管理。

侨丰研究唱反调 看好马电讯国际

侨丰投资研究则是少数较看好马电讯国际者。该投银建议投资者转持成长潜能更佳的马电讯国际，但它仍维持买进马电讯的投资评级。

该投银指出，马电讯仍面对政府可能检讨高速宽频计划的变数，这将打击市场对该股的投资购兴。

另一个对马电讯不利的因素，是该公司股票将出现供过于求，因为投资者将在马电讯国际上市后，转持这只负责该集团国内外流动电讯业务的股项。

据了解，随着国阵政府在大选后只在国会保持简单的多数议席，总值152亿令吉的高速宽频计划可能被重新检讨。

若以数额比较，高速宽频计划是紧继160亿令吉的双轨铁道计划之后，目前国内涉及金额第二大的基建发展计划。

侨丰投资指出，据了解，马电讯管理层目前仍和政府洽谈该计划的细节，双方仍未签署任何的合约。

虽然长期而言，高速宽频是一项更有效的通讯基建计划，可对国家经济产生更大的正面效益，但如果政府检讨该计划的范畴，将不会令人感到意外。

截至去年杪，国内宽频用户普及率只有15％，若高速宽频计划按原定方案进行，该计划将令国内宽频普及率在2010年激增至75％，涵盖约220万名用户。

http://www.nanyang.com/index.php?ch=9&pg=29&ac=837986


资讯科技业发展快速 威斯订单年杪料达4.5亿 2008/04/12 13:11:23
●南洋商报

（沙阿南11日讯）威斯（VADS，7150，主板贸服股）预期其订单总值，有望在今年底增加至4亿5千万令吉。

威斯总执行长许成发表示：“资讯科技领域快速发展以及具挑战性的前景，有望加强威斯现有4亿令吉的订单至4亿5千万令吉。”

“由于威斯旗下业务的订单和营业额持续增长，因此我们预期威斯今年的业绩表现，将比去年更好。”

此外，他也预期，威斯旗下业务，将有望在今年呈双位数增长。

他继说：“这是因为本地对管理系统服务的庞大需求，将确保本地订单稳健增长。”

他今日在威斯股东常年大会后，如此表示。

威斯的核心业务是网络管理服务、商业外包服务和系统整合服务的供应商。而马电讯（TM，4863，主板贸服股）是威斯的控股公司。

此外，威斯也将会探讨更多海外的发展机会。许成发表示：“大马、菲律宾和印度是我们锁定的目标市场，而我们尝试在这些市场争取更多的机会。”

“除了在海外取得更多订单。为了扩展印尼的业务，尤其是联络管理中心业务，我们也计划在当地设立办事处。”

他也透露，威斯已透过与新加坡一家流动通讯公司的合约，成功进军海外的联络管理中心（CCS）业务。此外，威斯也为美国一家科技公司，提供技术援助予美国北部的客户。

另外，许成发也表示：“威斯将会继续加强其营业额和盈利增长，以便为股东增值。”

威斯在截至2007年12月31日止的税前盈利为6千600万2千令吉，前期则为3千447万3千令吉。

http://www.nanyang.com/index.php?ch=7&pg=12&ac=832843

悶蛋

原帖由 stereo 于 6-6-2008 03:38 PM 发表
守得住就沒有將心痛LOH~﹗
不過下跌可以考慮加馬﹗因為賣了東和﹐現在有點CASH

那vads的支撑价位是多少

stereo

短期6。20阻力。今天有点冲动，就KEY IN 了 500 UINIT 6。20。现在6。30， 不知道买得到吗？

Mr.Business

新闻。

VADS teams up with EMC Computer
Published: 2008/06/12

VADS Bhd, an information, communication and technology (ICT) services provider, has teamed up with EMC Computer Systems (Malaysia) Sdn Bhd to deliver and manage storage services in Malaysia.

Chief executive officer Dennis Koh said under the partnership, EMC Computer would offer storage solutions at a price accessible to mid-level customers.

http://www.btimes.com.my/Current ... 0611211201/Article/


11-06-2008: EMC targets over 20% growth in storage business
by Toh Mei Ling

KUALA LUMPUR: Information infrastructure solutions provider EMC Computer Systems (M) Sdn Bhd aims to grow its storage business in Malaysia by more than 20% this year.

Its country managing director Peter Goh said its storage business grew by 20% last year and it was on track to achieve this year’s target of over 20%.

“Our enterprise customers account for about 35% of our market share, so we don’t expect any significant acquisition of new customers there, but instead we are placing more emphasis on the mid-range market or small and medium businesses (SMBs),” said Goh.

In 4QFY07, EMC achieved its 18th consecutive quarter of double-digit revenue growth and it managed to win 39 new customers in Malaysia alone such as Bank Islam Malaysia Bhd, Kenanga Investment Bank Bhd, Tenaga Nasional Bhd and Kuala Lumpur City Hall.

Research organisation IDC’s Q42007 Asia/Pacific Quarterly Disk Storage Systems Tracker stated that EMC retained its number one position in the mid-range external storage market with 25.3% market share in revenue terms.

“Sales to SMBs are done in collaboration or together with our partners as we do not have the sales force capacity to do it on our own,” Goh said.

Over the past four years, EMC has spent close to US$8 billion (RM26 billion) to acquire small and medium technology companies that will add value to its business.

Its South Asia regional president Ron Goh said the company had acquired more than 40 companies in the past four to five years, with New York Stock Exchange-listed portable storage device and media supplier Iomega Corp being the latest.

“The acquisition deal is in its final stages. When it is closed, we expect the sum to come up to around US$213 million at 3.85 cents per share,” he said.

Presently, technology and hardware sales contribute 41% of EMC’s revenue, while sales of software and other services contribute 59%. “Hardware is no longer the main contributor of revenue. Our business is transforming and our growth engine moving forward will be in software and services,” he said.

In terms of sectors, financial services remain EMC’s largest vertical with 50% of its clients from this industry, followed by telecommunications and manufacturing.

Goh said there was some concern with regard to the US’ economic meltdown and its potential impact on revenue as American financial institutions were tightening their belts.

“They are starting to become very cautious with cost, but they are not sacrificing operations in any way. A lot of businesses are looking to cut cost by consolidating some parts of their business operations in Asia to take advantage of the cost efficiencies here,” he said.

Meanwhile, EMC has entered into a partnership with Main Board-listed VADS Bhd to deliver managed storage services to Malaysian companies, particularly SMBs and SMEs.

“Our goal at VADS is to minimise the complexity of doing business for companies in Malaysia so that they can focus on their core activities,” said VADS CEO Dennis Koh in a statement.

“VADS is acquiring infrastructure from EMC to provide this service. In turn, we have committed exclusivity to VADS by not supplying a similar solution to anybody else in Malaysia,” said Goh.

VADS managed storage services offer data backup, recovery and archiving solutions with enhanced data protection and business continuity.

http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_762e6d88-cb73c03a-c2419300-c7769aec

[ 本帖最后由 Mr.Business 于 12-6-2008 12:12 PM 编辑 ]

Mr.Business

公司网站：

http://www.vads.com/main.html

Mr.Business

VADS的管事人：


Chief Executive Officer
Non-Independent Executive Director

DENNIS KOH SENG HUAT was appointed the Executive Director of VADS on 5 January 2004 and later as its Chief Executive Officer on 1 June 2005. He graduated with a Bachelor of Science (Engineering) in Computer Science Degree from the Imperial College, University of London, United Kingdom in 1984.

He began his career in computer networking in 1985 with Malaysian Airlines Systems Berhad (MAS). He later moved to Paris, France to join Societe Internationale de Telecommunications Aeronautiques (SITA) in 1990 as a Project Manager before joining VADS, a joint-venture between IBM (Malaysia) Sdn Bhd and Telekom Malaysia Berhad then. He held various senior positions in VADS over the following 13 years before assuming his current position as the Chief Executive Officer on 1 June 2005.

Mr. Dennis Koh is currently a member of VADS’ Board Employees’ Share Option Scheme Committee and a Board member of VADS’ subsidiaries.

http://www.vads.com/bod_3.html

Mr.Business

期待VADS回到RM5.90。

ThermoFisher

我陪你一块等。。。。

Mr.Business

原帖由 Mr.Business 于 9-5-2008 09:48 AM 发表
哈。。。之前武大提过VADS后，我就一直有留意她，可是始终没买。。。

VADS的优点：
1. VADS没有债务，有free cash flow；
2. 行业前景良好 (internet前景无限)，网上业务越来越重要，看不到有什么竞争者；
3. 强大的股东也就是TM，至少65％股份是不会在市场流动的；
4. 高股息可期 (这是大股东要合法拿回盈利的方法)；
5. Dennis说2010年revenue会开番到RM1B。

VADS的缺点：
1. 担忧买进价钱不够安全？

[ 本帖最后由 Mr.Business 于 13-6-2008 03:01 PM 编辑 ]