Yes I proudly admit to losing the bet between ql and insas. Do let me know how I can make it up to you. I will treat you bak kut teh as soon as I can go to klang

I think there are many things that I don't understand as well. In any case for stocks you should just invest in things that you do understand as it will give you far better possibility of making a profit.

I am not allowed to do posts with my telegram group details or even share it in this forum. But if you look at my portfolio page it may be helpful to you.

https://klse.i3investor.com/servlets/pfs/120720.jsp

In 3 - 4 months you will be very very surprised, pchem will announce new 15 billion acquisition of a specialty chemicals company, gkent will declare payment received for lrt3 and moh hospitals handover, serbadk will be using it's cash to grow the business. Those should buttress the rest of the slow performing stocks.

What have you bought lately?

>>>>>>>>>>

Jack Khan I think this portfolio value may become -50% in coming 3-4 month!
24/01/2021 9:43 AM

Sold 1m shares of scib since last week @2.1 average

Yes sslee, my returns on foreign portfolio currently with STNE, uniqlo, palantir, China mobile and Wilmar had increased tremendously thanks to God scuttlebutt sharing by staff and executives working there and sharing their thoughts on my telegram group. So far so good.

Hi wck567 I have shared a bit on insights on the telegram channel which you can search, and also on the few articles and discussions in the forum thread.

Sold kpower this week average price 2.6@1m shares.

If you look at it from a scuttlebutt point of view, and from the June agm, everyone should thank sslee. His writing has been noted, recorded and lit a fire under gkent ass. All duly noted and recorded.

Latest project win is 40m for Sabah Sarawak, pahang, kelantan, kedah and perlis. Yes 600,000 meters over 2 years is a tiny amount, but the applications and future it presents shows that the pilot project works
And once deployed will be an exciting day moving forward.

As for the sukuk usage, I believe only 300m from gkent will be for paying subcon(300m more from mrcb) which will be more than enough. Getting A+ rating means the rates will be reasonably low.

More importantly is gkent expansion overseas with 15 new territories grabbed by Honeywell, including south korean, taiwan, and Thailand. They are spending money to do mergers and acquisitions in Europe and Asia to grow this market moving forward. This is a good market to be in especially if you already have the factory and technology involved. 200 million is expected to be used for this side of the expansion.

Doing government work is difficult especially if you want to do things the proper way.

But I think gkent is going about it the right way, and the value of the company moving forward.

As for share buybacks, if total up all the share buybacks from 2019 until today versus the share price at this moment, I think you can say that gkent has been saving us a lot of money, unlike topglove share buyback.

Why did I sell all my topglove in May and never looked back? Probably because after that I bought myself some kpower and scib. The secret remains the same, sell when people are buying. Buying when people are selling.

I woke up this morning and realized I had 2 million kpower shares.

wow, nice esos...

are you holding gloves ben and what price did you enter sir?

I know SKP and have visited the factory before. I have no idea about ATA, other than ATA jobs come due to relationship with james dysons son..

What will be the dropoff after 2 years?

As you will quickly notice, the share price will drop far far faster than the asp price coming down. If you are looking at asp price as your indicator then you will be shortly disappointed in your stock investment.

Your indicators should have been
1) new glove production lines coming into market.
2) efficacy and distribution of vaccine.

>>>>>>>

Do you have to wear GLOVES to give a vaccine shot?

I am holding my GLOVES. I will only sell when ASP come down but not stock price come down.

How would you know that is the case Lee? If you have a crystal ball then it is wonderful. For me trading and long term investing requires different mindset. The steel industry in the long term is not a good industry to be in due to cyclical pricing and the fact that Malaysia does not have raw materials. In the short term... Anything can happen.

If you check from my telegram discussion, even as a trader I am very conservative on goreng stocks. My limit for risks are very low. While Ryan, qqq333 and others are still holding on to their masteel, melewar and lionind shares, for me anything above 15% returns is having a high risk/reward ratio. I never want to be too early or late on a party, for trading I work on a strict trading plan.

In any case, the method of valuation is to look at the slab prices from manufacturers. The moment it goes down time to leave the party. As it is, the price of rebar and flat is still increasing heavily week to week. That's why steel stocks will continue to do well moving forward.

What does getting sub contractors to take a hair cut have to do with gkent margin becoming laser thin?

As reiterated before, as a PDP their expected returns taking low risk was at 6%. This comes out to 1.8 billion in earnings based on the previous contract in 2018 when lrt3 was inflated to 31.65 billion.

Obviously today no more such story to sing, which has caused gkent share price to drop from rm4 to below rm1.

At the latest contract value the expectation for the new contract will be done at 11.86 billion. Based on this and due to fixed price contract, the progress payment and completion we will be looking at from 5-10%, which is from 550 to 1.1 billion in earnings ( depending on core factors). Of course there will be headwinds due to any delay of payment from the side of prasarana and nominated sub contractors.

As of June 30, prasarana chairman had announced completion progress of 33%, and gkent targeted 40% completion by end year, which looking at covid is no longer viable.

Here are important facts though. Lrt3 project at 1/3 completion is not going to be cancelled. There are many many hungry mouths to feed especially on both sides supporters of political partners. Very hard to rock this boat, as Prasarana’s president and group CEO Muhammad Nizam Alias going on “temporary leave”.

In any case, decision to invest is yours. For I will sell only if the progress of the lrt3 line becomes stagnant for far longer than announced, and I have relatives who passed by every day who can verify for me the construction progress. I am also closely following up on the qr progress of the project. Sell only when the core changes happen, not based on rumors.

We shall see.


>>>>>>>>

Sslee Yes kudos to Gkent for doing a national services in forcing sub- contractor to take a hair-cut.
In doing so most likely Gkent margin will also be lazer thin.
25/12/2020 1:04 PM

Shquah,
The best time to buy pbb was when it was at 13,14 when no one wanted it. Now that the share price has gone up, the risk reward ratio has also gone up. In any case, I am not any sifui do not tell anyone to buy or sell or produce any course material for individuals to pay Money for signals.

As for gkent, the trick is not to be worried here and there and just to practise sit on your ass and do nothing investing.

My advice to you, the risk reward ratio for gkent has always been high. From my portfolio, it is a below 5% exposure of my portfolio. However, I have learned to ignore noise for gkent and have built a position in gkent over time at cheap prices to average down when it was seeking below net asset value.

No one has a crystal ball or can predict what will happen. But here are still the facts.
Gkent has not lost any money yet despite cmco and covid closures.
They still have long contracts producing water meters which are very profitable margins and consistent earnings.
Until further notice, they still have a 11 billion lrt3 project. It has not been stopped or any new official announcement of cancellation.
They still have a huge cash position. Hard to go bankrupt on this.
Until further notice, lrt3 completion period is still due at 30 February 2024, plus whatever eot given for cmco.

So, in lieu of this, all I can say is this. Has the actions of gkent thus far given anyone any doubt as to the performance of their management in their actions or transparency? Are their directors using company money to buy luxury cars high salary etc? Is it being managed well?

I think this is something that we can control and have ample information on. We cannot control or believe in rumours, and we should just just work with verifiable information.

In any case, I hope your investments do well sir. But one thing funny, if you felt comfortable enough to buy gkent at 1.35, when they had a huge possibility of losing the lrt3 contract, shouldn't you have been more comfortable buying it at 50-60 cents when it was selling at cash and it already signed Novation contract for lrt3?

Why do we seem confident to buy stocks when it is selling at high price, and become scared to buy when it is selling at cheap prices?
>>>>>>>

Posted by SHQuah > Dec 25, 2020 8:22 PM | Report Abuse

Sslee & Philip..... should I buy Public bank ? Bonus 4 for 1.

Closed trade on choobee. Last trade for the year. Hopefully next year will be a good year as well.

You and your family as well Lee.

The entire discussion was in my telegram group. If you scroll up you would have seen how interesting it was. Prior to IPO when I brought it up everyone was saying it was overvalued, fraud, taking advantage of investors etc. Choivo said it was overvalued, Pelham said it was overvalued. TTB said it was overvalued, IB analyst reports said it was overvalued.

What no one failed to realized was 1.5x institutions wanted to buy it versus 0.77x retailers. Why?

As to why I sold, everyone in the discussion group also started to change their mind on the prospects of DIY and pushed it up higher and higher, as usual. When I explained my reasons for selling, and that it will still be a pump and dump with a conscience.

Today DIY is rm3. Where is i3lurker now?

>>>>>>>>>>
Sslee And mind telling us what had change causing you to sell MrDIY?
21/12/2020 7:46 AM

The one that promotes 50 stocks and doesn't show his position size and portfolio holdings versus the one that holds 5 stocks and shows his portfolio holdings, which do you trust more?

Calvin tan eng yee, do you really think people don't know your modus operandi?

I bought palantir at at 14.6, mrdiy was sold as I found something far better with long growth prospects.

bought a small position in choobee around 30K shares @1.42. The prices of steel had been going up exponentially in Malaysia, with sabah choobee increasing prices 3 times in the last few weeks alone. looking as the covid is going to make supply constrained lagging to increasing demand, I think the next few quarters are going to bring in a lot of good results to steel supply companies.

https://themalaysianreserve.com/2020/12/16/lrt3-to-face-delay-over-subcontract-work-award-interference/

And now the truth is revealed. Grab season now, but mrcb-gkent is not to be trifled with. Delay payment to push to own company, they went straight to ministry to complain.

Now prasarana officer on leave and fired.

So many rumors here and there. Any facts that prasarana already terminated mrcb-gk contract? More importantly I found it very funny that mrcb is agreeable with gk being terminated because that was not how the contract was written. The official contract was done under mrcb gkent as a group. So if one is terminated both is terminated. Would mrcb be agreeable to that?


>>>>>>>>>

Posted by RainT > Dec 16, 2020 11:08 AM | Report Abuse

so the LRT3 huha huha is no more?

now switch to water meter ?

before this all hu ha hu ha say LRT3 will bring GKENT huge profit potential

Let's put it into perspective,
at 6.41, the market cap is 52.45 billion.
At 45, this will mean we are looking at a company worth a whopping 350 billion ringgit.

Look at it this way, the entire BURSA Malaysia market cap is 1.6 trillion,
Meaning tg will become the single biggest component of the entire BURSA with a 21% weight age of the entire Malaysian stock market.

Firstly, how long have you been Investing, 6 months?

Do you know how much bullish money is required to push up the stocks to these crazy levels? If you look at the index, if the goes up, other stocks like supermax, harta and comfort kossan will also go up in tandem. If using your same analogy, companies like AT, mahsing,esceram, and all the new companies going into gloves will also receive a boost.

Are you really saying that the glove industry can be worth 50% of market valuation in bursa Malaysia?

That TG is worth more than ALL the banks in Malaysia COMBINED?

That hartalega can buy ALL the telco companies in Malaysia?

Come on. Let's talk rationality. Even if you decide that covid will last for the next 5 years, and get 14 billion every year until 2026,

That would only put a 2 billion asset company like TG into the 70 billion net asset, after which in 2026 covid no more and sales of gloves will crash as EVERYONE will be going into gloves.

Why not if you are estimating 60% NET PROFITS continuously.

Why invest in Google, apple, Amazon, banks etc if TG is such a moneymaker?

>>>>>>>>
In a bull market at 25x PE, the price could reach RM45!

If you look at your posts, every 3 months you post the same thing.

And your comments are not rational.

First you post unverified rumors that prasarana is unhappy with the gkent work on lrt3 management and they will be changed.

Then you post that if no new construction jobs win, next year construction will be zero.

So here is the thing. Why don't you just look at it from a business point of view in that gkent as a company needs to concentrate on successfully completing and hand over lrt3 project successfully before taking on new jobs?

Why not complete the big giant job that they already have, instead of jumping here and there trying to secure projects?

>>>>>>>>>

Sslee Share of result of JV: RM 182,000. 9 months: RM 686,000
When will JV contribute the expected profit?
And by the way next year construction will be zero if no new construction jobs win.
15/12/2020 6:58 PM

3 quarters increasing results. back to running step.

Its not that difficult, we can just visit the worker quarters to verify. if we are allowed to visit, can easily confirm the living conditions of the workers.

sold DKSH, 40K shares at 3.52 14/12/2020

You can see my online portfolio it has never changed

>>>>>>>>

Posted by SHQuah > Dec 14, 2020 12:53 PM | Report Abuse

Philips..... what about you ? Are you still holding ?

You can see my online portfolio it has never changed

>>>>>>>>

Posted by SHQuah > Dec 14, 2020 12:53 PM | Report Abuse

Philips..... what about you ? Are you still holding ?

Rumors sslee. You have started going around sending unverified claims?

t(dot)me/joinchat/RWf5g00eGr-PGRVonPUYXg

This forum has been around for a while now, with hundreds of subscribers and thousands of readers.

Kamu siapa leno?


>>>>>>>>

So, leno CHALLENGE" u to open one new forum (like calvinTan, philip, etc) ... and see u dare or not. In your room, u can argue with anyone, with any counter.

Sslee, can you name your source for this info? Or any proven letter saying prasarana is planning to kick out gk-mrcb from this project again?

Sslee, not really sure if you understand QL at all. But your methods of simply posting random facts up shows you don't understand how the boilermech offer works.

Well, I started posting about it on my telegram group in November, some good insights from some of the software engineers in the group. I am just reposting some of the posts there.

You can discuss more with them there.

You never saw EPF buy insas shares either.

I think if anything DK is bring TOO conservative. According to the latest projections by ALP, the power plant is projected to have a revenue of 720 million a year at 30% ownership. According to him, 1200mw plant can generate 600-700 million usd a year.

So no need to begrudge him, dk is doing a good job in getting figures on paper.

It is only a few more months away, let us just wait and see if the results garnered by dk projections is going to be worth waiting 3 year for it.

You yourself had already bought it before as well.

>>>>>>>>>>


Sslee @DK
The rosy picture of 30% = RM981m x 30% = RM294m.
What if the actual is much lower are you going to take responsibility?
30/11/2020 7:18 AM

Berkshire is even worse leh... They have never paid any dividends before.

>>>>>>>>>

stockraider Again u tell that to warren buffet berkshire hathway loh...!!

Berkshire also samething like insas nta increase due to share investment mah....!!

Thats why raider says insas is msian berkshire hathway, which again proven true loh!.

AUDITOR DID NOT SAY BUT RAIDER SAYS LOH...!!

"INSAS WITH RM 2.75 NTA & WITH INARI IT IS REVISE TO RM 4.50 COMPARE TO SHARE PRICE RM 0.865 ....Its SHARE PRICE DEFINITELY MUCH BETTER THAN QL AT RM 6.14 HALF DEAD NTA OF RM 1.34, AND worse QL ONLY CAN AFFORD TO PAY SYMBOLIC MISERABLE DIV OF LESS THAN 1% LOH"...!!
29/11/2020 1:16 PM

Haha are you seriously trying to compare a 14 billion ringgit company with a 2 billion ringgit company?
If that is the case why don't compare Insas with inari?
The difference is clear, one sells stocks for a living and the other is a real company that sells products that everybody wants.


>>>>>>>>

/11/2020 9:59 AM

Sslee Dear Maxpowar,
Just a simply question. If you will to buy out a company which will you choose:
QL or ALLIANZ MALAYSIA BHD?
Market Cap: 2,420 Million
NOSH: 177 Million
https://klse.i3investor.com/servlets/stk/fin/1163.jsp?type=last10fy
29/11/2020 10:00 AM

Owners earnings work best if you actually own the company.
However, the more important question that a minority shareholder needs to ask is this, how much more right issue will be incoming to dilute the earnings per share?

In 2015 when they won the contract, shares outstanding was 400 million. Today it is 650 million, in 2021 how much outstanding shares will be capable.

On the veracity of earnings, we are hearing multiple promises. Previously, management guided to revenue earnings in the ballpark of 240 million a year.
Today the guidance is 720 million a year.


https://focusmalaysia.my/mainstream/upcoming-vietnam-power-plant-could-bring-in-over-rm720-mil-per-year-says-jaks-ceo/

With Andy ang now saying that the power plants can generate revenue of 600-700 million usd every year, who should we believe?

1. The entire list of articles and projects given by dk66 that says he has reliable calculations of earnings?
2. The upgraded projects by Andy ang in an effort to get a higher price for the rights issue?
3. The comparable returns of other power plants in the region?

The simple fact is this. The is no profit GUARANTEE given by CEO, because there is guarantee that he will act on the behalf of the minority shareholders.

So simply put: do you trust the man to do the right thing?

If so, then by all means jaks is an undervalued gem.

But here is the thing, in the past 6 months ever since covid started, if you were to buy stocks at this time, ANY stocks at all, you would have a good chance of making money.

So isn't it better to pick the stocks with the lowest risk with highest gain? There are many stocks out there other than jaks. Sure you could make money in jaks, but would the returns really compound?

While you talk nonsense here and there, sslee had been tracking my portfolio for a long time as well, questioning my investment in kpower and scib.

Guess what, kpower today rm5, scib, rm4.8.

Insas pergi mana?

Kids who boasts like this are those that never get anywhere. Tell big stories sounds far more nonsense than those that keep a diligent record of every entry, buy and sell and results for years... Who is the dreamer here? You think you are jho low? Good luck kids.

>>>>>>>>

leno dreaming ? i am not dreaming .... i've been living my dream in my life for the past 10 years ... enjoying, travelling, running marathon, climbing mt kinabalu, yatching, watching whales at middle of ocean, helicopter up the mt. cook, err ... how about u ? still working aaa ?
26/11/2020 4:11 PM

This is why I know you are neither a doctor, millionaire or having any money at all in insas.

If you actually own shares in insas you would know how silly you question is.

Put FD forever? That is why kids like you never go anyway and think they are so smart. This mindset is why you will NEVER BE RICH.

Let me give you a simple example. Firstly, my shares are giving me 3% to 8% dividends per year, based on my cost basis. How much do you get for your FD? 1%? 2? How to get rich?

Your attitude almost ensure poverty for you.

Secondly, what fak you smoking? Who tell you I have cash? My investments are in shares which appreciate over time. I spent money and hold those shares for a long time and watch it grow and grow and grow. Kids like you will never understand.

And the REASON why I have 54 million is not because it is cash, it is because I bought topglove and glove stocks early.

if you didn't hold glove stocks, then what the fak are you doing complaining? It went up 6x since March. Of course I held it in my portfolio tracking 2019 at rm4, and sold far too early at 10.50. but you hold Insas for what? Make money or lose money?

Living dream watch whales?. Dream on kid. Your comments, the way you think and act and talk already shows how rich you are

>>>>>>>>>

very simple example ...
.....if YOU or anyone here who have RM 54 millions cash ... will u buy any shares or will u put in FD and enjoy your life forever ?

Can you ask management how much sunk costs for sengenics and how much selling price? I am interested to know. Thanks.

And also, UM now status back to top 10 universities in Asia. So every dog has its day. Insas will also have a good quarter here and there, but why sell good assets with all time good results? I'm confused.



>>>>>>>>

I can bet with Philip the sales of Sengenics will bring good profit in Q2 financial result.
26/11/2020 9:28 AM

Monopoly your head. It's a 2 year old tracked portfolio already with every transaction listed down and bought and sold. Cannot delete one la doctor Leno.

As for making money, you can ask sslee how much money he made from lctitan and star media, and pphb ( maybe).

What did you contribute to the forum other than caaaanteek remarks?

>>>>>>>>

leno yup ... dun forget to use monopoly money to buy okay ..... kakakakakaka ... jokers.
25/11/2020 7:27 PM