Mewah -- a potential multibagger

 A confluence of positive factors for this potential multibagger:

Solid financials:
Solid growth:
EPS in US cts
2H2020 3.92
1H2020 1.85

2H2019 0.59
1H2019 0.19

*For FY 2020, the Group generated strong operating cash flows of US$161.2 million which contributed in reducing the net debt by US$133.1 million to US$206.0 million. The Group’s balance sheet remained strong with gross debt to equity ratio of 0.47 and net debt to equity ratio of 0.34.
*ROE for FY2020: 15.3%
*Operating margin in FY2020 improved by 128% over FY2019.

Rampant insider trading
The exec chairman, CEO and COO bought the shares in the period of 16 Apr to 23 Jun 2021 at an average price of $0.431667 for a total outlay of $1.016 m. I believe they would have bought more if not for the barring period due to the earnings announcement.

Good Management and Good Future Outlook
Mewah is reaping the rewards from prior investments and has been growing its capital base.
The Company noted in its results announcement, “With economies in two largest markets China and Indiacontinuing to bounce back from Covid-19 and the demand for vegetable oils expected to double in the next 30 years, the Group remains confident about the long-term outlook of the industry. The Group’s good performance amid unprecedented Covid-19 conditions is a testament to its resilient business model and strong fundamentals built over past six decades. The Group is strategically very well placed to embrace the opportunities as they arise.”

Conclusion
Mewah will release its 1H2021 earnings on 13 August. Given the rampant insider trading, solid CPO price and the momentum of its growth, I believe the earnings announced will be superb. We all know inflation will be coming and Mewah will be the beneficiary of inflation.

The current price for Mewah is $0.425. My target price is at least $1.28 within a year.

Prescientsuperphang
http://superphang.blogspot.sg

The Hour Glass -- You cannot miss it!

Refer to my previous post of 26 Jun 2021 on The Hour Glass:

http://superphang.blogspot.com/2021/06/the-hour-glass-rampant-buybacks.html

The Hour Glass kept buying back their company shares and the last that it bought back its own shares was on 4 Aug 2021: 342300 shares at an average price of $1.51 apiece with a total outlay of $518,200.70. $1.51 is so far the highest price they paid since they started the buyback spree from 16 Jun 2021.

It will likely release its 1Q earnings on 11 Aug 2021. From their rampant buybacks, it is logical to deduce that the result will be solid. It is also likely that the management would reward themselves and shareholders with a 3-for-1 or 4-for-1 bonus issue as they did many years ago.

Prescientsuperphang
http://superphang.blogspot.sg

Excelpoint: Up 29.609% in a day

Refer to my previous post of 22 May 2021 on Excelpoint:

http://superphang.blogspot.com/2021/05/excelpoint-potential-multibagger.html

When I recommended it in InvestingNote on 12 May 2021, the price was $0.69. It closed on Friday at $1.16, up 29.609% within just a day. The ROI based on my recommended price is 68.1% in less than 3 months. 

Stellar Q2 financials
EPS in US cts
2Q2021 6.32
1Q2021 3.66

This is stupendous. I only expected Excelpoint to maintain its EPS at 3.66 US cts, now the EPS is growing strongly with respect to the already super-strong growth in 1Q2021. I will need to raise my previous target price of $2.33 to $4.02.

Prospect of the company
"With the strong demand coming from the accelerated adoption of technologies for automation and intelligence in the consumer, commercial and industrial sectors, we will continue to see a rising need for semiconductor chips and solutions," said Excelpoint's chairman and chief executive Albert Phuay.

"There are also new opportunities such as sensorised intelligence for the built environment, where Excelpoint's solutions in AI and the Internet of Things play an important role.
The pandemic, alongside existing geopolitical tensions, will continue to impact the business environment. Despite these uncertainties, we believe that with a resilient foundation and team, Excelpoint is well-positioned to grow its business," said Mr Phuay.

This company has never failed to give you yet another pleasant surprise. With this prescient shot that hits the bull's eye, my paper-ROI now is more than 6 figures. I am confident that my new target price of $4.02 can be hit in about a year.

Prescientsuperphang

http://superphang.blogspot.sg