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(Post 1 of 300) 08/09/1999.19:14:00 |
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PSC – may dip towards $0.90 for support (symmetric brk-out). 1. Both 9/18days wma slide below 50days sma on 2/8/99 [-ve] 2. 50days sma (approx. $1.192) remains on the rise [+ve] 3. Volume has decreases drastically (selling strength dries out ? or funds hav leave the counter ?) Bottomline – unless a u-turn in price above $1.20 with increasing volume, wait and observe.  |
| (Post 2 of 300) 08/27/1999.21:28:00 |
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Ran a check on its interim results. Not too bad looking. Comparing with previous half year (Group results): Sales +20.53% Operating profits after tax +165.97% EPS +127% NTA +13% ** Profit for this half is $5,620,000. Profit for year ended 31 Dec 1999 is $6,505,000. Look like it will easily surpass the last year results. From the SES website: "Group profit before tax increased by 158% from $2 million to $5.2 million. The increase is mainly due to the following factors: 1) Increased contributions from Malaysian companies involved in consumer and industrial business. This is due to the increase in selling price of products while the cost of imports decreased as a result of the exchange peg on the Malaysian Ringgit. 2) Improved performance by Healthcare group as a result of rationalising its operations. This included the disposal of loss-making subsidiaries and consolidation of operating activities of the Australian subsidiaries. The PEEL Health Campus which was commissioned in October 1998 is now fully operational. 3) Concerted efforts on cost cutting measures adopted by the Group on a continuing basis. Group profit after tax and shares of associated companies' result increased by 141% over the corresponding period last year from $2.4 million to $5.8 million. In addition to the three reasons stated in the preceding paragraph, there are tax savings for Malaysia subsidiaries as no income tax will be charged for Malaysia companies for 1999 financial year." With the improvement in Malaysia, think it will help its bottom-line, especially if we cansider in the tax-free 1999. Based on the fool ratio, the 'fair' price should be about $3. The current ratio, based on the price of $1.18, is 0.39. PSC sets up the Econ-minimart concept, and is the supplier of the minimarts. It is also into manufacturing of food and non-food products, property and healthcare in overseas. My call: Buy and hold. (Personal views.) --cheers!!-- |
| (Post 3 of 300) 08/28/1999.00:44:00 |
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What I find interesting is NTUC Fairprice stake in PSC. Fairprice seems to be taking on a higher corporate profile with publicity about its annual results by Chandra Das, purchase of significant stakes in FHTK, etc. What is Fairprice up to? It has also tried going regional (Myanmar, China - if my memory serves me right), though with less success. Although NTUC says it is a cooperative, I'm sure it is cash rich. All the above may be just wild guesses. Pls take at face value. |
| (Post 4 of 300) 08/28/1999.11:00:00 |
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Personally, I doubt very much that NTUC is in it for the money. What these purchases in PSC and FTHK amts to is merely a strategic stake which would allow the cooperative to have a 'say' in key decisions affecting food prices, supply etc... Efforts at regionalisation (eg. Myanmar) in my view are veiled attempts to lock in on guaranteed sources for crucial items such as rice (you may recall that their supermarkets introduced Myanmar rice sometime ago when supply of Thai Jasmine rice was short and prices started to spiral). Apparently, the rice came from their own fields. Thought I'd share this piece of tidbit |
| (Post 5 of 300) 08/28/1999.23:10:00 |
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Could be the case. Anyhow, PSC's valuation is ok. But if no special situation or interest, then it may be difficult to make a profit. I'll just be patient for a while. Rgds |
| (Post 6 of 300) 08/28/1999.23:17:00 |
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Mccool, PSC out from STI components, try to avoid this counter. Moreover speculators will take the opportunity to short next week. Hopefully i am wrong. |
| (Post 7 of 300) 08/28/1999.23:24:00 |
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No, PSC is not involved in the STI components changes. I don't know if they are currently a component stock or not. Pls re-check your info before trading on that basis. PSC is most likely not an STI stock currently. |
| (Post 8 of 300) 08/28/1999.23:27:00 |
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Mccool, apolozized for the error. |
| (Post 9 of 300) 08/29/1999.10:23:00 |
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mdfa, Not a problem. I'm more concerned on possible unprofitable trading based on misinformation. I know you don't have any ill intentions. rgds MC |
| (Post 10 of 300) 11/01/1999.07:01:00 |
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Rover: Don't worry PSC is one of those I have decided to hang onto as well. Seems to have pretty strong support just below a buck. Also if I am not wrong linked to NTUC, so unlikely to sink. I hope to see a nice rally for all my pennies this week. |
| (Post 11 of 300) 11/01/1999.08:03:00 |
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Good to see so, kind doc... Incease my confidence |
| (Post 12 of 300) 11/01/1999.08:15:00 |
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Got some info ... but not too sure is that really true .. but you have to ask around to check. My area got 2 PSC chain franc. stores and a NTUC store(mid size). One of them nearest to NTUC is a real competitor. Very good bizz and lots of customers(owner very friendly). However, 2 days ago, he started to put on closing down sale. Interesting. So ask him and he said franchise ended. .... hmmm .. wonder why ? |
| (Post 13 of 300) 11/01/1999.19:36:00 |
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I'm also holding quite alot of PSC. The rumour mills are spinning away ... |
| (Post 14 of 300) 11/01/1999.19:38:00 |
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In case this will cause a misunderstanding, I don't mean to say that Silverbullet is spreading rumours. I was just making a general comment about bull markets have this tendency to spawn rumours. Apologies, Silverbullet. |
| (Post 15 of 300) 11/01/1999.22:24:00 |
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Wow! With Mccool and Kind Doc holding PSC, I'm really comfortable! --cheers!!-- |
| (Post 16 of 300) 11/10/1999.11:52:00 |
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So, guys... are we gonna hold on a bit longer to PSC? |
| (Post 17 of 300) 11/10/1999.11:53:00 |
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Or is it time to sell? |
| (Post 18 of 300) 11/10/1999.12:36:00 |
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For the first time in 2 months, my PSC reached breakeven point this morning....Almost cashed out but my broker said "Why? why? Just when your share is climbing you want to sell?" |
| (Post 19 of 300) 11/11/1999.00:40:00 |
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Me bought at 1.25, so me holding. Me also trying to steal some at sub-$ level, but counldn't do it due to no fund. But when fund is coming in, it shoots up....sad... Anyway, me trying to wait till next announcement of results, or it hits $3 (no joke...my estimation tells me....but my estimation no 'bao-jai(sure-eat)'.... If can, don't mind getting some. But most likely not at this level. At least not now... --cheers!!-- |
| (Post 20 of 300) 11/29/1999.21:15:00 |
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Recently sold PSC 3 lots @1.10 bought sometime ago @1.19 and bought PCI 5 lots @1.10 Have a Great Day |
| (Post 21 of 300) 12/17/1999.23:41:00 |
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PSC stock spiliting 25cents par value to 0.05cents par val, what will they think of next. Have a Great Weekend |
| (Post 22 of 300) 12/18/1999.10:15:00 |
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Can't wait for it to get above my buying price so that I can get out with a bit of profit. |
| (Post 23 of 300) 12/18/1999.20:35:00 |
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helen lets hope the split will do some magic |
| (Post 24 of 300) 12/19/1999.21:09:00 |
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Ord shares issued @ par 25c : 225.15m Major shareholder, PSC Holdings (1988) Ltd : 44.7% Don't know if the remaining 55.3% or 124.508m shares are free-float. Anyone? |
| (Post 25 of 300) 12/20/1999.11:04:00 |
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Hi Emma, OKlah....I have no idea whether the remaining 55.3% are free float. However, I remember reading about NTUC buying into this counter some months back. Whatever it is, the stock split news is already having some good effect on the counter. Gratified to see that it has risen to a high of $1.21 today. Rover, your fair value my be hit soon? |
| (Post 26 of 300) 12/20/1999.13:37:00 |
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My opinion of its fair value is $2.94 before split. After split, it should be $0.588. Expecting good performance for FY99. Unprofessional opinions. --cheers!!-- |
| (Post 27 of 300) 12/20/1999.13:42:00 |
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rover,historic high only $2.58 |
| (Post 28 of 300) 12/20/1999.15:50:00 |
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Hi, Rem... ... Everything has a first time. Like what you said, $2.58 is history.It is good just to know (anyway, I did not go and check out the historical high and low). I don't see why my fair value for it should be within the historical high. I'm looking into the future, not into the past. And I believe that the price of today is indepentent of the price of yesterday or tomorrow. Hence it historical price is not in my consideration. Anyway, the $2.94 is just how much I see it will hit. It may be within 10 days, 10 months, or 10 years, or maybe never. Only time will tell. --cheers!!-- |
| (Post 29 of 300) 12/20/1999.16:10:00 |
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The $2.94 figure is worked out by a crazy formula of mine. Another way of calculating a possible share price in the future, if one wants to use historical figures: The EPS for the interim FY99 grew by 127.3% (from 1.1 cents to 2.5 cents). Suppose for the full year, it maintains this growth rate for the EPS. Then the full year EPS for FY99 will be -- 1.27 x (EPS for FY98) = 1.27 x 3.04 = 3.87 cents. At a PE ratio of 35.2 time (historical PE ratio provided by POEMS dataline), the price should be 35.2 x $0.0387 = $1.3622 (before stock split). (Its PE ration is now $1.13/$0.0304 = 37.17) For your considerations, and pls comment if there is any errors... --cheers!!-- |
| (Post 30 of 300) 12/20/1999.16:59:00 |
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Rover, I certainly wish that u r right. Have vested interest. 8-)) |
| (Post 31 of 300) 12/20/1999.18:17:00 |
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Echo, Me have 2 lots, and hope that I'm right too. Whether it will hit my target or not, I'm not sure. But I'm confident that I will not fare to badly. --cheers!!-- |
| (Post 32 of 300) 12/20/1999.22:45:00 |
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Apparently, PSC annual report is still not available electronically. Couldn't find a copy of the last report filed with SES on the net. I'm interested in finding out the composition of the top 10 or 5 largest shareholders listed in the annual report besides PSC Holdings. Has anyone got a copy? Or where can I check out electronically. Thanks. |
| (Post 33 of 300) 01/04/2000.20:05:00 |
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PSC  FUNDAMENTALS: The group franchises the popular neighbourhood convenience stores Econ Minimart and manufactures Fortune products. PSC's forays in the leisure development have been successful. They own several residential and resorts in Malaysia, including having a 50% stake in the Pulai Springs Resort in Johor. Not known to many is that the group has plans to expand further into the region's healthcare market with 1 project in Australia (Darwin) and 2 in Malaysia. TECHNICALS: The $1.00 level is well defined support line for the counter as indicated by the '6 up arrows' shown in the figure. On the other hand, the $1.18 level is a strong resistance level as indicated by the '5 down arrows'. Expect a upwards breakout to test its next resistance level of $1.70. Several technical indicators have been bullish about it breaching the $1.18 resistance within early or mid January, after heavy volume consolidation around this price. (Indicated by the last 'down arrow) RECOMMENDATION: Watch for break out. |
| (Post 34 of 300) 01/04/2000.20:40:00 |
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PSC is a good, low risk (and boring) investment. I continue to recommend this counter, and with stock-split on the way, there should be upside if you are prepared to hold it longer term. |
| (Post 35 of 300) 01/11/2000.00:44:00 |
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PSC - Essential date to note.  - Gap between $1.11 ~ $1.14 created last wk. - Small symmetric formation found with Apex Date projection approx. 3/2/2000(+/-) 1st entry accumulation if close above $1.14 (take special focus when approaching Apex Date) |
| (Post 36 of 300) 01/21/2000.22:59:00 |
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NTUC has accumulated this counter at the price between 0.90 - 1.05 cts few months ago, now cold storage seems to be eyeing on PSC, very likely a takeover.Coming financial report for 1999 very strong, application for stock split to be announced.Tgt price $1.60 short term. |
| (Post 37 of 300) 01/25/2000.21:08:00 |
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Some highlights to expect from this counter in the next 2 months: - a set of full year results that will exceed all expectations - share split to be approved on 10 Feb - overseas subsi are beginning to turn in profits - favourable happenings in the subsi to follow - corporation with NTUC over SCORE using the Econ minimarts as well as a possible take over in the future. My conclusion is that should accumulate if having holding power over the next 2 months or even longer. Entry price: S$1.15 to S$1.20. My 2 cents worth of unprofessional advice. Have much vested interest. |
| (Post 38 of 300) 02/01/2000.21:44:00 |
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PSC going to split 5-for-1 !! Rover, how do you see this?? (that is if you are still holding on lar) Rgds |
| (Post 39 of 300) 02/01/2000.23:02:00 |
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I'm still holding. Think Mccool and Kind Doc are holding too. How I see it? Gee, I don't know. Frankly, I'm losing touch with the market. But guess I will hold on to it for the time being (my holding period is till May 2001). BUt I may sell into any strength that is available soon, as I have some other plan for the money (other investment opportunities). Having said that, I do expect a good set of results from PSC for FY99. Should start to see some good returns from its healthcare business. But whether it will continue for FY00 is to be seen. Would be surprise if it go into e-something this year. Will wait for the results to be announced, and do another non-pro analysis, if I have the time. Note: Don't rush for the split. Go for the long term. --cheers!!-- |
| (Post 40 of 300) 02/02/2000.00:11:00 |
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Rover, I don't think that you are losing touch with the market. Just that I think you are a value-kinda investor & value investing just isn't the theme right now. Frankly, I see quite a few stocks looking very attractive now at these levels, & when you think they just can't get any lower, oh dear, they just did... Whereas those high-techs with their crazy valuations just zoom upwards & on. Frustrating, isn't it? :) But IMHO, value investing will be back. It ALWAYS has. So just pick up or hold on to your fundamentally strong counters & not worry about short term movements (unless you're a trader lar), the odds are that they will not fail you. Notice some of the I would say more savvy investors from this forum are already starting to nibble at some pieces. They will produce handsome profits months, even years out. & I predict that the 1st internet companies shakeout will happen this year to the small-size business-to-consumer retailers. Especially those still in the red. Maybe the "e"s & "i"s & the ".com"s will become stuff to avoid not too far in the future. I wouldn't bet against that. Every dog has its day. Look at HelloKitty & Pokemon. Anyone, still remember Pooh bears & furby?? All in my humble opinions of coz. |
| (Post 41 of 300) 02/02/2000.01:44:00 |
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Just a quick word about value investing and long term holding. In the 1929's wall street crash , Jesse Livermore shorted the market and made millions out of doing it. Subsequently , he went long after the prices fell to rock bottom ( value ) and went broke for it. The market never took off until 1950's. His daily expenses were met from a trust fund he set up earlier on in 1917. He committed suicide in 1941. Ben Graham , the father of value investing and Warren Buffett's mentor , also went long at about the same time as Jesse Livermore. He held his position until the early 1950's when Wall street took off and he became a very rich man. In between periods , he taught at Columbia University to supplement his meagre income from managing funds. Conclusion . Both Jesse and Ben were right in the long run. But one die ; the other immortalised. |
| (Post 42 of 300) 02/02/2000.02:19:00 |
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Arty, The moral of the story : "To profit from a LONG term investment, U must live LONGER than it." 8-)) Rover, let's look forward to your "2.94". |
| (Post 43 of 300) 02/02/2000.10:15:00 |
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Echo, As a side note to what you said about living longer than your longterm investments -- it makes sense, isn't it true that we should keep ourselves healthy in order that we can enjoy the fruits of our patience? That's the reason why it's good to be a longterm investor; it's an incentive to live longer! As I have posted elsewhere before, human beings are psychologically not built to be longterm investors, except for an exceptional few. Count yourself lucky if you are amongst the "chosen ones". How to strive to be a longterm investor if you are not amongst the chosen? Have other interests other than investment, have a hobby or whatever to keep your eyes away from the stock screen...and oh yes, visit other websites other than Shareinvestor.com! |
| (Post 44 of 300) 02/02/2000.23:48:00 |
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Warrenb, thanks for you views. Hopefully you are not too right, as I'm involved in some internet stuff as well. Echo, I have said it before, and will say it again: 1) My opinions are non-professional. 2) It may or may not reach, I do not know. Even if it will reach, it may takes a day or a lifetime. I hope you are NOT basing any decision just on what I said. Adding the 3rd, 3) Things in the stock market will change from day-to-day, even min-to-min. Do not expect your expectation to meet your expectation. --cheers!!-- |
| (Post 45 of 300) 02/04/2000.00:10:00 |
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hi Rover, Let look at first target of $1.28 at ard third week of the month :) vested interest |
| (Post 46 of 300) 02/04/2000.00:54:00 |
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Rover, You are involved in 'internet stuff' also?? Cool!! Budding entrepreneur in the making Part 2...Part 1 being Oldman lah!! :) What is impt in the net world?? 1) Nice, easy-to-catch name...yahoo!, xoom... 2) Tell 'stories'...the potential mkt in 2004 is US$5 billion!! Who knows?!? 3) Link up with big shots...hey got Richard Li leh... 4) Lose money...yah lar, this quarter lost US$10 million but win 0.2% market share what!! 5) Exponential growth in revenues....if cannot...then use 'unique visitors'...if cannot...then use 'page hits'...if cannot...then don't know leh...tell more 'stories' (blah blah) 6) Reaching IPO, float few shares, tell lots more 'stories' during these few crucial days, call 'friends' to support you, & watch the mania unfold... 7) Now your mkt cap very BIG liao...start using stocks to purchase bricks & mortar companies, otherwise how valuations going to last?? If people question you & ask: how high growth rates are going to be sustained when you marry 'bricks & mortar', & sell your stock making your merger uncertain...then use the magic word 'SYNERGIES'...lots of talk of why 'BIG IS GOOD, BIGGER IS BETTER'....& of cos point your fingers at AOL Time Warner as a living eg. 8) At last, move to chairman position & hire new CEO to run the biz day-to-day. Can buy private jet & little island & kick back & relax liao :) All in the name of FUN FUN FUN... |
| (Post 47 of 300) 02/08/2000.14:48:00 |
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 Immediate resistance : $1.24 Immediate support : $1.05 14D-MA : $1.12 14D-RSI : 50 As McCool put it a month ago, "PSC is a good, low risk (and boring) investment. I continue to recommend this counter, and with stock-split on the way, there should be upside if you are prepared to hold it longer term." The price has gone through a long consolidation period, forming a saucer bottom in the process. This pattern reflects a very slow and gradual change in trend. The past 3 months saw the price trading within a 20-cents range in a channel (see above chart). The saucer pattern will be completed when the price break out of the upper channel line. Keep a lookout for this one if slow & steady is the way to go for you.:-) |
| (Post 48 of 300) 02/10/2000.17:38:00 |
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Stock split has been approved and take effect on 14 Feb (Valteine's day-- Auspicious). Now let's wait for good full year results to be posted and break the S$1.20-1.25 resistance (or S$0.25 after split). Based on information I have, the full year results will be above expectations. Not rumour spreading. Happy trading |
| (Post 49 of 300) 02/11/2000.09:53:00 |
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Volume picking up and up 5 cents aprroaching resistance at $1.24. Watch for breakout. vested interest. |
| (Post 50 of 300) 02/11/2000.11:59:00 |
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results last year 23 march |
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