for the thoughts, I have shared in the telegram group so you can take a look there as well.

Hi RWKL, yes they bought a fully running and generating solar farm with good contracts that are paying well. The FPSO was a son decision I think, but father fully behind it to sell all the bus for a bigger floating bus.

Greedy stockraider lose again?

Philip mental model no. 56.

Pikachu!


>>>>>>>>>>>

David i finally understood the pikachu analogy after asking my son. quite a useful investing analogy! haha
29/05/2020 1:13 PM

Yes, but the key point here is without doing proper scuttlebutt, the value investor in you will just scream BUY! And while you are holding that, you miss out on the topgloves, QLs of the market. Knowing why you lost money is one thing, knowing why you aren't going anywhere is also just as important.

Yes, so be careful about blond investing, doesn't matter liquid assets or ppe or cash in bank. Everything can be fooled if you don't actually know the business. Like hohup now doing the crown in KK Sabah here. The results is going to be worse than evolve concept mall with imago asianpac on one side and centre point next door and suriawang at the seaside. If look at financials you would think it is wonderful.

But if you scuttlebutt and visit Sabah and talk to locals, they will ask you....

You think this is Bukit Bintang meh?

Dear Sslee,

Is buying Xinquan for their 1 billion cash a good margin of safety? If that is your analysis then my mistake was even worse, securities commission, government and Dr mahathir personally guarantee to buy back my put option. Blind value investing at it's best.

>>>>>>>>>>

A few months later in January 1998, the Securities Commission, which reported to Anwar, forced Halim to agree to personally buy back the 32.6% block of Renong shares from UEM via a put option that was to be exercisable anytime within 12 months from March 2000, at an agreed price of RM3.1 billion.

Ql and yinson are 2nd generation success stories.

Aokam had 1000 acres of producing timber valued at 10% the market value selling at crazy prices to Europe and Japan.

As for renong,
https://www.wsj.com/articles/SB885153708408176000

https://www.theedgemarkets.com/article/special-report-truth-2001-sale-renonguem-finally-coming-out-0

3 billion in options contracts liquid enough for you? Supposedly Guaranteed payment?

Transmile major shareholder and founder was Robert kwok, a very smart investor.

I think on hindsight it is very easy to make fun of my past mistakes in investing based on value investing methodology. But if you were investing in those days, you would not know how to spot lemons. With fabricated accounts, fake and hidden money, and sudden losses out of left field, I find the correlations of sudden losses and Winfield holdings dubious " liquid assets" very worrying.

I think in the end you will learn the same lessons as me, except I learned them in my 30s.

>>>>>>>

QL is still first generation company will the company still be the same when come to second generation?

Do you even look at my portfolio? I put a note inside for every margin loan transaction leh. I am around 38% margin now. What you talking?

Your INSAS and QL now huge huge lead, get ready to treat Bak kut teh. I plan to bring all the kids from seri mengasih orphanage. Dec 31 2021 2 year bet don't forget ah?

QL - rm10 now ( from 6.9)
INSAS - 0.58 now ( from 0.69)

After 2 years... Who talk like sohai?

Please don't hide ya, Bak kut teh time and make the orphans sad.

>>>>>>>>

stockraider THIS PHILIP TALK LIKE SOHAI LOH...!!

IF SO EASY LIKE PHILIP SAY IN INVESTMENT WITHOUT CONSIDERATION OF RISK LIKE HE SAYS, WHY PHILIP, DON GO AND BORROW FEW MILLION ON MARGIN AND GO N WALLOP THE MARKET LEH ??

Post removed.Why?

One of the biggest proponents of value investing in i3 is kcchongnz. During his recent interview he put a very Graham like comment, " as long as you don't lose money, than any other outcome is good". But he gets upset each time I try to get him to show his portfolio like all the other superinvestors do who write books. His goal of not losing money is so strong that the loss of opportunities become apparent in the way he responds. I think that happens also to many "value investors" out there, who don't know the business that they are buying, the environment and the long term prospecrs, but only look at financials.

I may not have a master of finance or a financial planner license, but I do think about business far more than I think about making money.

Join me on telegram tme/philipcapitalmanagement and have a fun discussion . Don't forget to share your stock picks. We huat together!

My thoughts on value traps.

https://klse.i3investor.com/blogs/philip6/2020-05-29-story-h1507892411-How_to_Spot_Value_Traps_or_WHY_I_WASTED_3_YEARS_HOLDING_THE_VALUE_INVES.jsp

My thoughts on value traps.

https://klse.i3investor.com/blogs/philip6/2020-05-29-story-h1507892411-How_to_Spot_Value_Traps_or_WHY_I_WASTED_3_YEARS_HOLDING_THE_VALUE_INVES.jsp

My thoughts on value traps.

https://klse.i3investor.com/blogs/philip6/2020-05-29-story-h1507892411-How_to_Spot_Value_Traps_or_WHY_I_WASTED_3_YEARS_HOLDING_THE_VALUE_INVES.jsp

My thoughts on value traps.

https://klse.i3investor.com/blogs/philip6/2020-05-29-story-h1507892411-How_to_Spot_Value_Traps_or_WHY_I_WASTED_3_YEARS_HOLDING_THE_VALUE_INVES.jsp

My thoughts on value traps.

https://klse.i3investor.com/blogs/philip6/2020-05-29-story-h1507892411-How_to_Spot_Value_Traps_or_WHY_I_WASTED_3_YEARS_HOLDING_THE_VALUE_INVES.jsp

My thoughts on value traps.

https://klse.i3investor.com/blogs/philip6/2020-05-29-story-h1507892411-How_to_Spot_Value_Traps_or_WHY_I_WASTED_3_YEARS_HOLDING_THE_VALUE_INVES.jsp

My thoughts on value traps.

https://klse.i3investor.com/blogs/philip6/2020-05-29-story-h1507892411-How_to_Spot_Value_Traps_or_WHY_I_WASTED_3_YEARS_HOLDING_THE_VALUE_INVES.jsp

My thoughts on value traps.

https://klse.i3investor.com/blogs/philip6/2020-05-29-story-h1507892411-How_to_Spot_Value_Traps_or_WHY_I_WASTED_3_YEARS_HOLDING_THE_VALUE_INVES.jsp

You been saying that for 1.5 year... Still not yet give up?

Ql already hit RM10 lo, where my bak kut teh?

>>>>>>>

DON BE SOHAI...NOW IS THE TIME TO LOAD UP KAW KAW ON INSAS LOH...!!
28/05/2020 7:19 AM

What happens if RI is undersubscribed? Then someone else will pick it up?

https://www.theedgemarkets.com/article/jaks-resources-rights-warrants-undersubscribed-6842

>>>>>>>>>

Sslee Haha i3lurker,
“no one can beat my subscriber shares 40 sen
why should I be so stupid buy it at 90 sen?”

Because you are only entitle to subscribe your 40 cents RI with free warrantC if you hold JAKS shares. So did you buy JAKS at 90 cents today?
28/05/2020 4:42 PM

1 on 2 humans in the planet will be wearing gloves according to the report. Buy!

It's ok. I will just wait and see monitor the results, I just started position in march of this year. As a minority investor I don't want to rock the boat, if after 3 years I don't see any results from my investments, you can be sure I will bring it up.

I think this has now come to be clear what I said about gaming the system. Not that the bod is actively trying to cheat investors, but more because the structure of the companies leave a lot of hidden investments and bombs that you cannot see and analyze until a fair value loss is encurred. Why does one who owns INSAS for so long and not know what Winfield holdings is doing with our investments?

I blame the management for this lack of clarity.

>>>>>>>>

Dear Philip,
Can you please refrain from smearing the good name of INSAS BOD and management team with your wild and malicious accusation of game the system without any clear evident or fact?

I had met and talk to Dato’ Dr Tan on INSAS Tech venture (challenge, success and failure rate) and Dato’ Wong on business rationale.

My advice to you, please empathize with those going through difficult time during this Covid-19 crisis and seeing their Investment value fall by more than 50%. Please do not spread fake news to create fear that does not benefit anyone. If you have crystal ball please tell us what shares to buy now that will give us 100% gain in 1 year time, spare us your lecture on quality investment for long term of 10 years for no one know are we still alive in 10 year time.

Thank you
27/03/2020 5:52 AM

Dear Sslee, since you are a chemical engineer, may I introduce a mental model from chemistry that you can apply to business. This basic principle of called Bernoulli's law.

Bernoulli's principle states that an increase in the speed of a fluid occurs simultaneously with a decrease in static pressure or a decrease in the fluid's potential energy.

This concept can be applied to business in a simple direct way. Applied to business, the heavier you are, the less hungrier you are, the less likely you are to move forward. When you put management in virtue of their relationships with founder instead of a track record of success, the possibility of succeeding becomes lower. Building startups and unknown businesses requires a lot of kinetic energy and dynamic pressure to push the potential energy forward.

It is far easier to propel a growing business forward than it is to hit on the big idea and bring it to fruition. As you seem to know the management directly, what is your opinion? Are they the kind to get their hands dirty, work in the trenches to grow the startups? Or are they an expert in just throwing money around and waiting for others to grow it for them?

How much force are they applying to get the businessess off the ground and what are their track record in the field and their experience in making status work? I mean this of the 2nd generation who are now the bod.

Wishing for something to work and looking at it work are 2 different things.

Personally I find the pressure needed to get the fluid moving can be more than the bod is equipped to provide.

Icon so smart buy shares at 1.15, follow OTB. Now the question is you got a chance to oversubscribe for not 1 RI in 2018, 2nd RI 2020, but a third RI next year then the power plant is full run.

But since icon can buy more shares at 40 cents with his favourite warrants, how now?

Frantically buying with one hand on the wheel and another hand on the handphone press button to buy?


>>>>>>>

Stock: [JAKS]: JAKS RESOURCES BHD

May 6, 2020 9:40 AM | Report Abuse

Buy buy buy

It is running away while you guys are busy doubting

Comfort Rubber Gloves Industries Sdn. Bhd.

Date Published : 05/26/2020

Lot 821, Jalan Matang , Matang, Perak MALAYSIA

80 F - - MC Glove, Patient Examination

Date Published: 05/26/2020

Desc: Examination Gloves

Notes: *Level 2

80 L - - YY Glove, Patient Examination, Latex

Date Published: 05/26/2020

Desc: Examination Gloves

Notes: *Level 2

80 L - - YZ Glove, Patient Examination, Vinyl

Date Published: 05/26/2020

Desc: Examination Gloves

Notes: *Level 2

80 L - - ZA Glove, Patient Examination, Poly

Date Published: 05/26/2020

Desc: Examination Gloves

Notes: *Level 2

80 L - - ZC Glove, Patient Examination, Specialty

Date Published: 05/26/2020

Desc: Examination Gloves

Notes: *Level 2

80 O - - IG Rubber examination gloves, powder-free

Date Published: 05/26/2020

Desc: Examination Gloves

Notes: *Level 2

Ini bukan info dari 2018 Ka?

This is more relevant.

https://www.accessdata.fda.gov/cms_ia/importalert_229.html

This part is the important thing, as my telegram group there is a financial guy working in Singapore who has shared on Winfield for more clarity.

What INSAS does moving forward is far more important than what they have done previously. We are to buy what comes out in the newspapers 2 years from now, not the past accolade which everyone already knows and has accounted for.

If you cannot tell where the growth and earnings will come from for INSAS in the future, then you do not know the business well enough.

For QL, I know how many family mart they have but more importantly how many more they will build in the next 2-5 years. I know their expansion in Vietnam and Indonesia is where the new growth will come because they eat 1/4 less eggs there compared to malaysia. I have seen their expansion plans announcement, so I know in the future where the growth will come. I can guess that will come out in the newspaper 2 years from now.

I am sure with you working at PT musim mas for so long you know what they have dinner in the past. But you are also aware of their expansion plans, how well their growth is doing, and what refineries and plantations are coming up. You know what the CPO prices are, what the fertilizer prices are where to get supply, and how the staff is doing and what the training program is in the future. You know PT musim mas business very well and where the big boss is going. You know the growth plan and where it is coming from in the next 5 years.

Do you know INSAS business as well? Do you understand the business? If you understand the business you would have been able to see what Winfield holdings do. But I think I have better understand if it then you do, despite never going to AGM.

>>>>>>>

INSAS will survive this difficult period and should do well if BOD knows how to employ cash for investment opportunities moving forward.

This part is not the important thing, as assets is not cash, and investments into Winfield can be a worrying thing if you don't know what your money is doing.

>>>>>>>

The important thing
Balance sheet as of 31th March 2020:
Total non-current assets: RM 787,759,000
Total current assets: RM 1,464,841,000
TOTAL LIABILITIES: RM 515,672,000
Of the current assets:
Deposits with licensed banks and financial institutions: RM 493,049,000
Cash and bank balances: RM 228,153,000

Hi sslee,

I am actually very interested to know, hope you can scuttlebutt and find out, what is Winfield buying and selling? Is the losses from oil stocks? Please share of you can find this information for readers during AGM.

>>>>>>

The big question 40% associate Winfield holding RM 315,135,000 current assets/Financial assets not sure what are the quoted securities hold.

Somebody should scold public Bank for giving such a low price. JAKS power plant will give 300 million to Jaks, it should be worth rm2.5 why Jaks put so low price?

Not necessarily. TM is already terminal growth, while ql still has another 500 family marts left to go, and it's not like TM can expand to Indonesia and Vietnam, one of the densest populations per square mile.

Dear sslee, I know QL will do well over time. My question is: what do you think the results for INSAS will be in the next few quarters?

Hi you can add me at tme/philipcapitalmanagement

Hi fearless, u can click the link at the top of my portfolio profile

Can you explain here how someone who sold all his gloves stocks can lose money on glove stocks?

>>>>

Goldgent Haha...Top Glove Singapore up 14.14% today.
Philip sifu might lose another RM 2.04 million tomorrow.
-6 million to -8 million!
26/05/2020 2:15 PM

In short, be fearful when others are greedy. Be greedy when others are fearful. When no one is touching gloves, I bought in droves. When everyone is cutting losses in o&g and screaming buy in gloves, then it is time for me to be fearful in gloves and greedy in o&g.

>>>>>>>

Posted by Lewis Lee > May 26, 2020 3:03 PM | Report Abuse

After reading numerous stock gods, stock kings, stock gurus, stock bloggers in i3 , let me sum up their views on EITHER (i) Glove theme or (ii) Oil & gas theme play going forwards :-

Glove-play supporters :-
1. KYY :- cut loss at O&G Dayang, recommend investing in Glove counters, Sai lang in comfort & supermax
2. Ooi Teik Bee :- cut loss at O&G, (apart from Jaks & Mtag) also recommend comfort & supermax
3. Clavin Tan :- chun chun calls on all glove counters, big or small, profit or loss , even recommend sanitizer-play !

O&G supporters :-
1. Cold eyes :- never mentioned about glove at all ! continue to promote O&G for long term, recommend Armada, Serba, Yinson, have substantial holding in Aramda.
2. Phillip :- Chun Chun buy what you understand approach, sold off all Top Gloves and switch heavily into Serba, Yinson, Petrochem.

KC Chong & Icon8888 :- been low profile & quiet ??

LOL ! I just state the facts and let the investing community to decide !

Glove ? O&G ? Glove ? O&G ? ? ? ? ?

This kind of Christian cannot with will solid logic start to curse like a little child.

And pretending to be Jesus follower and local pastor. Telling people who talk rationally to eat shit and die. The is what the Jesus teach you? You are supposed to be a representative of Jesus on this earth and walk and talk with his way to show pagans the truth.

I give up.

No energy to talk to you, but as usual just to watch and see your long term portfolio results.

https://klse.i3investor.com/servlets/pfs/123029.jsp

You are a lying Satan, and you have already abandoned Jesus telling others to eat shit and die when they can no longer win with reality.

I will stop replying you anymore, you are dragging me down to your level and beating me with stupidity.

I will just offer you the other cheek and let results speak for themselves.

Now I know Calvin is a retard.

Topglove is worth 30 billion, harta is worth 30 billion, supermax is worth 8 billion.

All very elevated prices.

NOW CALVIN THE FOOL IS SAYING SUPERMAX IS GOING TO BE WORTH 45 BILLION TO 80 BILLION RINGGIT? TOPGLOVE IS GOING TO BE WORTH 300 BILLION? HARTA IS WORTH 300 BILLION? YOU CAN BUY HALF OF KLCI STOCKS FOR THAT PRICE.

YOU CAN BUY 1 ENTIRE YEAR OF MALAYSIA GDP FOR THAT PRICE, AT 300 BILLION. DO YOU THINK A FEW GLOVE STOCKS IS GOING TO PRODUCE MORE MONEY THAN THE ENTIRE COUNTRY OF MALAYSIA?

SATAN, DEVILS ADVOCATE INDEED.

REALLY? YOU CAN SELL SUPERMAX TO BUY MAYBANK, OR BUY ENTIRE PUBLIC BANK WITH SPARE CHANGE TO GO BUY GENTING.

REALLY?

THIS KIND OF BRAINLESS LIARS IS WHY THERE ARE SO MANY MORE PEOPLE COMPLAINING ABOUT YOU THAN ME.

YOU ARE FULL OF FALSE HOPES AND INABILITY TO DO BASIC ACCOUNTING.

>>>>>>>

By then glove bull will have gone up another 500% to 1000%

Yes this is definitely true, however you can just do a little scuttlebutt and ask the local hospitals what their sop is for glove use in medical line. You will see that it has not changed by much, however the stockpiling done has increased by a lot.

The real question is: did you buy a box of gloves to put at home during onset of covid? If the answer is yes, then you are stockpiling. But do you do daily use and bring it around everyday and throw?

If you don't, but use price as a measure of demand, that few quarters of increased revenue marked by huge selling of glove stock director should tell you how long the glove demand will last.

>>>>>>>>


BlessedInvestor Glove companies earnings are correlated with demand of gloves. Demand of gloves are tied with Covid 19 which is highly infectious. As long as vaccine is not available(likely to be available only 2021, maybe 50% change only per Oxford Univeristy research team). I feel is a bit too early to sell. I will peak, but no body know when. I hope there is vaccine for cancers such that there will be less people suffer...

Just some thoughts
26/05/2020 11:52 AM

yes, but out of my area of competency, I am looking only at malaysia. Majority of malaysians are back to work, malls are slowly opening, and a lot of workers are back to office. Traffic jam has started.

So anyone who is investing in US market should be careful indeed.

And Malaysian companies that are exporting overseas should be very very careful indeed.

I don't know about your fake claims and boastings and WhatsApp But I group. But I have recently started scuttlebutt group on telegram, and their responses are very different from yours.

But who to believe? You who is hiding in a small room in Holland, trying to bring everyone there? Or those professionals who are actually working in the industry?

Don't believe you can join and see and ask them yourself.

Tme/philipcapitalmanagement


>>>>>>>>>>

Posted by Philip ( buy what you understand) > May 26, 2020 7:40 AM | Report Abuse X

A lot of very good scuttlebutt information on the telegram discussion group. A lot of professionals working directly in those industries, glove supply chain, doctors and government stuff to share their work experiences and conditions that can be used to do on the ground research.

And yes, heavy stockpiling on gloves. In majority the sop for using gloves has not changed much, or at all. But suddenly a lot of SKL can give very wide interpretation of usage.

A lot of very good scuttlebutt information on the telegram discussion group. A lot of professionals working directly in those industries, glove supply chain, doctors and government stuff to share their work experiences and conditions that can be used to do on the ground research.

And yes, heavy stockpiling on gloves. In majority the sop for using gloves has not changed much, or at all. But suddenly a lot of SKL can give very wide interpretation of usage.

Let's record here for posterity. This is your claims. I hope to see your name in top30 list, please don't give fake excuses and run away. Of you really are top 30 shareholders, be proud and buy this penny stock with ALL your profits and winnings.

I look forward to seeing you bring netx from 1 cent to 8 cents ( no 50 for 1 consolidation is not bringing the price up.)

Then I can say you are cutting up flowers to water a volcano. Careful you don't get burnt.

>>>>>>>>>>>

Posted by calvintaneng > May 25, 2020 6:39 PM | Report Abuse

Calvin is still in Top 30 holder of Netx


calvintaneng
36159 posts
Posted by calvintaneng > May 25, 2020 6:40 PM | Report Abuse

Yes, my winnings from Glove face mask and sanitizer stocks will be ploughed back into Nfcp and Ecommerce stocks later especially Netx

I thought I have explain very clearly, maybe you only see share price chart, but don't see the business:

In that entire time, there was never:

1. Oil crisis where share prices dropped to record low and everyone leaving o&g stocks in droves.
2. Never seen calvintaneng,kyy,OTB all promoted glove stocks.
3. Never was tg being speculated until PE 80.
4. Never had entire world close down, airline close down and all other business dead on the water.
5. Back then if sold tg, other stocks are still expensive on comparison. Today if sell tg, can buy gkent net cash, Pchem pre-ipo price, public Bank pe 10, Maybank with 8.6% past dividends yield, and many other industries left for dead but still earning money.
6. Has topglove+hartalega ever been valued worth more than public Bank? After covid19 ends, 3 years, 5 years from now, who do you think will have 5 billion in earnings?
7. Heavy stockpiling going on, everyone is buying gloves. But daily consumption? That box of gloves at home, how often do you use it? Or will you just use sanitizer and face mask when you go out instead?
8. Topglove is selling PE80... If you wanted to start your own tourist agency, which prices do you pay for those equipment like buses, boat and hotel? Do you pay the price when tourists come when no supply and everyone looking for a bus? Or do you buy during covid19, when buses are everywhere being parked, boats lying dead, when everyone cannot tahan loan interest payments and want to cheap sell?


But yes. If for not for those double swan event? I would gladly just sit and wait it out. Topglove definitely can have good earnings and make money, and I can receive 130k in dividends a year, on my long term invested capital of 1m.

But Covid19 is like nothing you have seen before, and investors are overly optimistic on the performance.

Just like it's products, if you want to buy gloves, do you really want to pay covid19 prices for them? Or do you prefer to buy when no one wants them?

Or do you think covid19 is just starting, and demand will never end?

Those who think that way, they will definitely start looking for reasons to say my portfolio is fake, my results are fake, and I am cutting flowers to water weeds....

But this is fact:

IF YOU FOLLOW THE HERD, YOU WILL GET THE HERD RESULT. KNOW WHEN TO FOLLOW AND WHEN TO STOP BEFORE THE CLIFF.

Everyone who buys from this point in is looking for the next idiot to buy. A few quarters of good results, yes the price may still go up.

But will the price keep going up forever? Or stay at this level forever?

That is when you need to start doing some rational investing.



>>>>>>>>>>

Posted by Ron90 > May 26, 2020 4:11 AM | Report Abuse

If someone bought TG for the past 10 years,how many times TG reached over $12.00 ??..and yet never selling it?.. during that time viral infection not as severe as today COVID-19 where the whole world facing pandemic and still keep on going, south america, africa, india, indonesia, etc..still at the beginning.. during that time why TG price still acceptable, even at $14.00 !! ? ..if I am really investing in TG for the past 10 years, by now, my investment already multiple how many time? don't have to worry, in fact will shall stick to TG coz I would expect bonus issue, dividend, etc..as usual from TG.

You got unlimited funds to buy everything? Or you sell some stock like NETX chun chun to buy gloves?

Maybe that is why you are no longer top 30 largest shareholders in NETX...

Please kid, all you have is hot air.

I have a trackable maintained portfolio that I reach all my investments and purchase.

I made 30% in one week in star media.

I bought all those stocks Pchem, Serba, gkent ,yinson at march lows in full margin.

PCHEM had jumped from rm4 to rm6. It's documented, and I have position size as well.

Ask yourself, what is the use you throw around stock price numbers when we can't even see your portfolio? When did you buy? How much did you buy? What did you sell? How much capital you deploy? Those are more important than you boasts.

But when people ask you important questions so they can learn from you?

This is what you answer,

We can learn nothing from you except how to tell lies..


>>>>>>>>

Posted by samheong78 > May 24, 2020 10:51 PM | Report Abuse

Hi Calvin. I appreciate your article. Can you share whats your initial capital when you first started investing and the current value of your portfolio and also how many years you have been in the market? Just for my understanding the time needed to get good at investing and become rich.

Posted by calvintaneng > May 24, 2020 11:10 PM | Report Abuse

Sam

Long story
Will take time

I posted up in the comments details of every transaction. I have been holding and averaging down on topglove since April 2019.

The comment dates also cannot be faked. There are 779 comments on my portfolio since I started, so if you think I can edit my portfolio, be sure that everyone always looks closely at my investments.

But you can try and see if you can keep changing your results.