#Hot Stock* Investors flock to TWS, as stock is undervalued

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    Umno lawyer calls Karpal ‘one of the most ethical criminal lawyers’

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  • Gerakan calls Karpal elder statesman, Samy Vellu cries over news of death
    Gerakan calls Karpal elder statesman, Samy Vellu cries over news of death

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  • Abdullah pays tribute to Karpal’s life of service – Bernama
    Abdullah pays tribute to Karpal’s life of service – Bernama

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  • Underwater drone used in MH370 search diving to its extreme limits
    Underwater drone used in MH370 search diving to its extreme limits

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  • PAS to discuss Muslims’ use of ‘RIP’
    PAS to discuss Muslims’ use of ‘RIP’

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  • 100 protest against Obama visit in front of US embassy
    100 protest against Obama visit in front of US embassy

    About 100 activists today protested outside the US embassy in Kuala Lumpur against the coming visit by President Barack Obama, denouncing him as an enemy of Islam. The demonstration underscored the delicate nature of Obama's trip to Malaysia, which will make him the first sitting US president to visit in nearly half a century, a period marked... …

PETALING JAYA (Oct 18): Interest in Tradewinds (M) Bhd's (TWS) stocks has been on an upward trajectory lately, driven by the fact that the counter is undervalued and the possibility of consolidation among the group's listed entities.

According to a senior stockbroker who has been tracking the counter for a long time, TWS is a good performing company, especially since it acquired Robert Kuok's sugar refinery several years back.

"I have been monitoring the stock for a while, and what I can say is the stock is undervalued, despite making decent and sustainable profits every year," the stockbroker told theedgemalaysia.com.

Since slumping to RM6.32 per share on Oct 11, which was the lowest price for TWS for at least two years, the share price has increased by approximately 12% to today's RM7.08 per share.

But that is still RM1.00 or 12.4% lower than TWS's net asset per share of RM8.08 as at June 30, 2012.

During the first six months of the year, TWS earned RM142.8 million in net profit, which was about 54% lower than the RM309 million recorded during the same period last year.

There are also talks among stock brokers that TWS might be consolidated with other listed companies under the Tradewinds group. Other listed entities of the Tradewinds Group are Tradewinds Corporation Bhd and Tradewinds Plantations Bhd.

Tradewinds Corp is in the process of being privatised by its major shareholders Perspective Lane (M) Sdn Bhd, Kelana Ventures Sdn Bhd and Seaport Terminal (Johore) Sdn Bhd.

Another stockbroker said there are rumours saying that tycoon Tan Sri Syed Mokhtar Al-Bukhary, who is the ultimate shareholder of the Tradewinds group, is emulating the strategy taken by tycoon T Ananda Krishnan.

The stockbroker said Syed Mokhtar will privatise Tradewinds's listed entities one by one, before consolidating their assets and businesses, and later relisting them to get a higher valuation.

"I believe there are big plans by Syed Mokhtar for the entire Tradewinds group companies," he said, adding that Tradewinds Corp has large land assets in Johor to be developed.

Tradewinds Corp recently announced the redevelopment plan of the Crowne Plaza Mutiara Hotel and Kompleks Antarabangsa for a RM6 billion mixed development project there.

The redevelopment project will also include TWS, as it is the owner of the Kompleks Antarabangsa building.

The proposed redevelopment will see Tradewinds Corp pays RM510 million to TWS, which will increase the latter's cash pile to more than RM1 billion.

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  • Langkawi BN MP pokes fun at Karpal Singh’s remains The Malaysian Insider
    Langkawi BN MP pokes fun at Karpal Singh’s remains

    As the nation mourns the passing of a great politician, BN MP Datuk Nawawi Ahmad insulted the late Karpal Singh by posting a picture of the veteran politician's blood-smeared face as he lay in his Toyota Alphard following a tragic accident this morning. Along with the Facebook picture was a newspaper cutting on Karpal being opposed to the... …

  • Told to ‘shut up’ on Twitter, Zul Noordin lashes back at Khairy The Malay Mail Online
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  • Karpal makes last journey home to Penang The Malaysian Insider
    Karpal makes last journey home to Penang

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