Auspicious dates for moving to new house

Since I posted about the Auspicious Dates for Wedding & Marriage, several has shown interest in the auspicious dates for moving to new house.

Therefore, I have produced the following list of all the auspicious dates for moving to new house in the 2nd half of year 2008 based on the Tong Shu (通书、通胜) too.

Here is it (click to enlarge):



As reminder again, although the Tong Shu is a compilation of Chinese astrology and calendaring studies gathering wisdom of thousands of years, we should use it wisely and rationally, but not be too superstitious on it.

If you are looking for the auspicious dates for moving to new house/office in 2009, click here.

Can you survive in the urban jungle?

Crimes against civilians, especially women, are on the rise today whether in the city or on the road. Therefore Tribe Toyota, the online community for Toyota car owners in Malaysia, is conducting workshops to equip ourself with knowledge on self protection.

This Urban Survival Skills workshops are for individuals aged 12 years and above. 2 type of courses are available.

1. City Survival - for females only

Focuses on the prevention of criminal acts against women like bag snatching, sexual harassment, domestic violence, kidnapping, rape, car theft and mugging.

Date: 16 August 2008 (Saturday)
Time: 8.30am - 2.00pm
Venue: Sheraton Subang Hotel & Towers
Cost: RM40 per person


2. Road Survival - for both males and females

Focuses on dealing with road bullying, car-jacking and car accidents.

Date: 9 August 2008 (Saturday)
Time: 9.00am - 1.00pm
Venue: Sheraton Subang Hotel & Towers
Cost: RM40 per person


Click here for more information about the Urban Survival Skills workshops.

Hume Industries to sell out Hume Fibreboard to Evergreen Fibreboard

On 23 June 2008, Hume Industries (3328, 谦工业) announced that they had entered into a Business Transfer Agreement with Evergreen Fibreboard (Nilai) Sdn Bhd and Evergreen Fibreboard Berhad (5101, 长青纤维板) to dispose of the Assets, Liabilities, activity, business and undertaking pertaining to the manufacturing and sale of medium density fibreboard and related products and activities carried on by their wholly owned subsidiary Hume Fibreboard Berhad for a total consideration of RM213.23 million, to be satisfied by way of cash of RM170 million and the balance of RM43.23 million by the issue of 33 million new ordinary shares of RM0.25 each in Evergreen Fibreboard at an issue price of RM1.31 per share.

Evergreen closed at RM1.30 yesterday (24 June), dropped by 3 sen, while Hume Industries closed at RM3.88, rose by 8 sen.

I see this as a good deal for Hume Industries (which I am one of its minority shareholders) because after the deal:

• Hume Industries will hold a 6.43% interest in the enlarged and paid up capital of Evergreen. This will probably make Hume Industries to be the 5th largest shareholder in Evergreen then.
• This deal will result in a gain of RM114 million to Hume Industries, and will rise its EPS by 64 sen.
• The NTA of Hume Industires will be risen by 64 sen.
• The cash balance of Hume Industries will further strengten from the current RM131 million to RM301 million.

Evergreen has 480 million issued shares, and its 1st quarter profit after tax for 2008 stood at RM30.305 million. Assuming that its full year profit after tax to be RM120 million (without taken into the consideration of this acquisition of Hume Fibreboard) , with the price of RM1.31 per share, Hume Industries is obtaining the 6.43% shares in Evergreen at the PE of 5.24 only, which is a very good deal. Below is the calculation for the mentioned PE:

PE = Price/EPS = 1.31 / (120 / 480) = 1.31 / 0.25 = 5.24

Evergreen has pretty good fundamentals, showing satisfactory growth over the past 5 years. Its profit after tax has grown 5 times (500%) from RM21.725 million in 2003 to RM118.656 million in 2007. This deal would further increase Evergreen's production capacity and would make them the largest fibreboard producer in Malaysia and the top 12 producers in the world.

Disclaimer: This article is intended for sharing of point of view only. It is not an advice or recommendation to buy or sell any of the mentioned stock counters. You should do your own homework before trading in Bursa Malaysia.