【CHGP 7187 交流专区】（前名 BKOON）

Mr.Business

如果没记错的话，这个瓜是以RM1.30的价钱买进Boon Koon的。。。

Company Name	:	BOON KOON GROUP BERHAD
Stock Name	:	BKOON
Date Announced	:	16/11/2007

Particulars of substantial Securities Holder

Name	:	UBS AG for THE BLACKHORSE EMERGING ENTERPRISES MASTER FUND
Address	:	Walkers SPV Limited, Walker House, Mary Street, PO Box 908GT, George Town, Grand Cayman, Cayman Islands
NRIC/Passport No/Company No.	:	WL-153479
Nationality/Country of incorporation	:	Cayman Islands
Descriptions(Class & nominal value)	:	Ordinary Shares of RM0.50 each
Name & address of registered holder

Citigroup Nominees (Asing) Sdn. Bhd.
UBS AG for THE BLACKHORSE EMERGING ENTERPRISES MASTER FUND
Walkers SPV Limited, Walker House,
Mary Street, PO Box 908GT,
George Town,
Grand Cayman, Cayman Islands

Details of changes
Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	09/11/2007	8,000
Disposed	12/11/2007	18,000

Circumstances by reason of which change has occurred	:	Disposal
Nature of interest	:	Direct Interest
Direct (units)	:	12,862,800
Direct (%)	:	9.3
Indirect/deemed interest (units)	:
Indirect/deemed interest (%)	:
Total no of securities after change	:	12,862,800
Date of notice	:	16/09/2007
Remarks

The Form 29B received onNovember 16, 2007 was reported by Citigroup Nominees (Asing) Sdn. Bhd.on behalf of the end beneficiary, UBS AG for THE BLACKHORSE EMERGINGENTERPRISES MASTER FUND.

8years

看起来，最好是减持或卖完。。。。
前景非常不明朗，有风险。

scsiang82

差不多吧。。。七月份的时候买的。。
谢谢你的安慰。。

scsiang82

文君的前景吗？？还是市场的前景？？

Mr.Business

不用客气。。。
一开始把股份卖给她是KSC Strategic Fund 2。这Fund利害了，底买高卖。。。只做了10天的substantial shareholder。

8years

当然是文君啦。。。。。。。。。。。

scsiang82

到现在还有3个基金持有文君。。
Koperasi Permodalan Felda Berhad（6.5%）
UBS AG For THE BLACKHORSE EMG EN MTR FD （9.3%)
HSBC Holdings plc (9.21%)

scsiang82

淨利遜預期　文君集團前景仍看好-23rd Nov 2007
※報導 : 李駿宏

（吉隆坡22日訊）文君集團（BKOON，7187，主板工業股）07財政年首9個月的淨利表現，低于市場預期，無論如何，該公司未來的表現還是具有一定的潛力。


分析員表示，雖然該公司07財政年首9個月的營業額，達到他們全年預期的78%，但是其淨利卻僅達63%，相信主要是因為該公司的本地商業汽車復新業務的賺幅被壓縮。

事實上，市場對文君集團的商用汽車復新業務，仍擁有很大的需求，但是該公司在第三季所出售的復新商用汽車當中，80%是輕型貨車。

該公司旗下輕型貨車的賺幅為12%，明顯比重型貨車的15到20%賺幅低許多。

維持投資評級

此外，由于該公司擴展其交易商網絡，給予新交易商具吸引力的補貼，以及給予一些復新商用汽車現金折扣等，也壓縮了其賺幅。

至于該公司在印尼的商用汽車修復業務的需求也非常強勁，但是因為印尼盾匯率波動非常大，該公司反而面臨30萬令吉的外匯轉換虧損。

無論如何，聯昌國際投行分析員表示，文君集團在06年12月份所收購的新子公司－GKY Machinery的表現非常亮眼。

該公司07財政年首9個月的淨利上揚40%，達到340萬令吉。目前，該公司已經幾乎達到100%的產能使用率，而擴張計劃將會在08年第二季完成。

在越南以及泰國市場的強勁需求下，該公司的擴張計劃，將會是未來盈利成長的火車頭。

聯昌國際投行分析員指出，因為本地復新商用汽車業務的賺幅不佳，他們因而將文君集團07到09財政年的盈利預測，下調16到18%。他將該股的目標價從1.80令吉，下調至1.37令吉。

儘管如此，該分析員仍維持該股「超越大市」的評級，主要是因為文君集團的股價，有可能會受到來自印尼商用汽車修復業務的盈利所刺激，且該公司也可能會宣佈派發高額股息，以及擴張至其他新市場。

Mr.Business

新闻。

23-11-2007: Lower earnings outlook for Boon Koon

CIMB Equities Research has reduced its earnings forecast for Boon Koon Group Bhd by 16% to 18% for the financial years ending Dec 31, 2007 to 2009, mainly due to lower margins for its domestic rebuilt commercial vehicle (RCV) division.

Other factors are the lower target multiples for the domestic RCV business due to slower growth expectations, which saw the research house reducing its sum-of-parts (SOP) target price from RM1.80 to RM1.37.

“We have also revised down-wards our dividend payout ratio from 30% to 20% as the group may want to keep more cash for its regional expansion,” it said.

CIMB Research said Boon Koon’s annualised net earnings for nine months ending Sept 30, 2007 (9M07) were 15% below its expectations. Although 9MFY07 revenue was 78% of its full-year forecast while net profit was only 63% of its forecast. It believed this was mainly due to the margin compression experienced by its domestic RCV division.

While Boon Koon’s RCV remained strong but 80% of RCVs sold in 3Q were light duty trucks that fetched pre-tax margins of only around 12% compared to 15%-20% for heavy-duty prime movers. It expected this trend to continue in 4Q07.

Margin pressure would also be felt from two other sources, that is attractive incentives offered to new dealers as Boon Koon expands its dealership network and cash discounts on some RCVs.

On the Indonesian reconditioned commercial vehicles business, although demand remained strong, it booked RM300,000 forex losses due to the volatile rupiah. The rupiah traded at Rp8,970-9,560 to the US dollar in 3Q compared to only Rp8,670-8,976 in 2Q.

However, its new 60% refurbished forklift subsidiary, GKY Machinery,acquired in December 2006, was the star performer, turning in a 40% jump in 9M07 net profit to RM3.4 million. This operation was running at near-full capacity and is expected to complete an expansion exercise by 2Q08.

The expansion should drive this division’s earnings growth higher over the next one to two years, stoked by high-growth markets like Vietnam and Thailand.

On the 3Q earnings, CIMB Research said the bottomline was disappointing and FY07 was likely to see flat growth. However, valuations remained attractive at 5.3 times CY08 P/E.

“Most of the negative news may already be in the price. We maintain our outperform call given the potential share price triggers. They are higher-than-expected earnings from the Indonesian reconditioned vehicle division and used forklift division; announcement of high dividends and expansion into new markets in the region,” it said.

http://www.theedgedaily.com/cms/ ... a-1d4d4930-9ce28c86

怪侠一枝梅

我已经卖完了。好在亏损不大。

stereo

之前有想過要買的﹐沒有買進的原因是汽車股。

scsiang82

我已经破了一个大洞。。。 :@ :@

scsiang82

原帖由 stereo 于 23-11-2007 11:05 PM 发表
之前有想過要買的﹐沒有買進的原因是汽車股。

我之前买进文君也是因为它是汽車股，去年汽车业都不是很理想可是文君的成绩还是很不错，所以我是以一个反向的方式来买进文君。。而且我也看好文君的业务，所以才会买进。。只是还不够了解，还有其他的问题没看到。。经验不够。。。

Mr.Business

HSBC又在卖票。。。

Company Name	:	BOON KOON GROUP BERHAD
Stock Name	:	BKOON
Date Announced	:	26/11/2007

Particulars of substantial Securities Holder

Name	:	HSBC Holdings plc
Address	:	08 Canada Square, London, E14 5HQ United Kingdom
NRIC/Passport No/Company No.	:	617987
Nationality/Country of incorporation	:	United Kingdom
Descriptions(Class & nominal value)	:	Ordinary Shares of RM0.50 each
Name & address of registered holder

HSBC (Malaysia) Trustee Berhad
Suite 901, 9th Floor, Wisma Hamzah-Kwong Hing,
No. 1 Leboh Ampang, 50100 Kuala Lumpur
(Shares held as Trustees for Unit Trust-Non Discretionary)

Details of changes
Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	20/11/2007	83,700
Disposed	21/11/2007	97,500

Circumstances by reason of which change has occurred	:	Disposal
Nature of interest	:	Indirect Interest
Direct (units)	:
Direct (%)	:
Indirect/deemed interest (units)	:	12,437,787
Indirect/deemed interest (%)	:	8.99
Total no of securities after change	:	12,437,787
Date of notice	:	23/11/2007
Remarks

We received the Form 29B on November 26, 2007

scsiang82

怪不得那几天一直跌。。。

scsiang82

怪不得那几天一直跌。。。

stereo

朋友﹐看開點。至少現在學到東西了﹐不過交了不少學費。不要灰心﹐總有一天你能夠在投資的路上賺會你的全部。

scsiang82

谢谢，我会努力的。。我们一起努力吧。。。

scsiang82

这家伙又出货。。。

Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 Reference No CC-071128-B33F0

Company Name	:	BOON KOON GROUP BERHAD
Stock Name	:	BKOON
Date Announced	:	28/11/2007

Particulars of substantial Securities Holder

Name	:	HSBC Holdings plc
Address	:	08 Canada Square, London, E14 5HQ United Kingdom
NRIC/Passport No/Company No.	:	617987
Nationality/Country of incorporation	:	United Kingdom
Descriptions(Class & nominal value)	:	Ordinary Shares of RM0.50 each
Name & address of registered holder

HSBC (Malaysia) Trustee Berhad
Suite 901, 9th Floor, Wisma Hamzah-Kwong Hing,
No. 1 Leboh Ampang, 50100 Kuala Lumpur
(Shares held as Trustees for Unit Trust-Non Discretionary)

Details of changes
Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	22/11/2007	82,300

Circumstances by reason of which change has occurred	:	Disposal
Nature of interest	:	Indirect Interest
Direct (units)	:
Direct (%)	:
Indirect/deemed interest (units)	:	12,355,487
Indirect/deemed interest (%)	:	8.93
Total no of securities after change	:	12,355,487
Date of notice	:	27/11/2007
Remarks

We received the Form 29B on November 28, 2007

mjchua

7187	BKOON	5,000,000	6,500,000.00	10/07/2007	1.300
7187	BKOON	2,000,000	2,640,000.00	12/07/2007	1.320
7187	BKOON	1,000,000	1,300,000.00	20/07/2007	1.300
7187	BKOON	560,000	716,800.00	23/07/2007	1.280
7187	BKOON	7,000,000	8,400,000.00	07/08/2007	1.200
7187	BKOON	2,000,000	2,400,000.00	09/08/2007	1.200
7187	BKOON	22,500	19,125.00	26/09/2007	0.850
7187	BKOON	510,000	489,600.00	08/10/2007	0.960
7187	BKOON	160,000	112,800.00	23/11/2007	0.705