Post removed.Why?

My thoughts on gloves.

https://klse.i3investor.com/blogs/Mentalmodels/2020-05-24-story-h1507829976-How_to_sell_Gloves_Stocks_or_buy_what_comes_out_in_newspapers_2_years_f.jsp

My thoughts on gloves.

https://klse.i3investor.com/blogs/Mentalmodels/2020-05-24-story-h1507829976-How_to_sell_Gloves_Stocks_or_buy_what_comes_out_in_newspapers_2_years_f.jsp

My thoughts on gloves.

https://klse.i3investor.com/blogs/Mentalmodels/2020-05-24-story-h1507829976-How_to_sell_Gloves_Stocks_or_buy_what_comes_out_in_newspapers_2_years_f.jsp

Calvin still trying to take others success and trying to take credit for it? Oh gosh.

Selling Jesus name to get investing subscriber.
Ñow using value partners reputation to say Calvin invests like them?

https://www.valuepartners-group.com/ftp/files/reports/vpaf/001_fact_sheet/eng/vpaf_fact_sheet_2020-04-01_en.pdf

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

See the difference between results and claims?

These are Calvin's stock picks. Cannot track his real long term results because he only promotes the stocks that go up and hides the ones that go down. Only buy calls, no sell calls, no position size but everything to buy buy buy only.

How is your real portfolio doing? I heard you sold houses and became the largest 30 Investor in NETX? But of course you suddenly have money to buy glove stocks.

I have stopped even trying to keep track of your promotions because it is already very clear, you are a fraud

Hi windy, you can find my portfolio on my profile page. I also have written a few articles specifically on business sense and how to look at management with specific examples.

I will agree to disagree.

Why did I buy serbadk?

Because instead of paying rm3 per share, the shareholders of serba kindly allowed my to pay only 18 cents for the warrant, the right to convert to serba shares at rm2.6 and a time value 4 years from now.

For them it is a bad deal. They already bought the share at rm3. Now they are still forced pay another rm1.3( based on 2 for 1 DILUTION) just to keep their same ownership level of the company

Who wins? Obviously the new shareholders like me, less risk, cheaper entry price, more margin of safety.

Yes they gain 18 cents or whatever the warrant trading price is, but they already lose 33% of future earnings from serba.

Please do the math. Talk less, think more.
>>>>>>>>

johnmasino Philip:-

"Warrants and rights issue are bad because you need to pay money for them." - Then why the hell did you buy a single share of SERBADK-WA or even if mother shares if you knew warrants would be dilutive??LOL..

You just shot yourself in the foot dude...

LOL...Ahahahahahahahaha


You're a GENIUS like that retard Aramco who can't even put up a decent sentence in good English..LOL
23/05/2020 7:28 PM

Before you spout investopdiea, please read and think properly.

If you own 100% of a company, when you give a bonus issue of 10% to the shareholders, your total share of the company is still.... 100%. Understand?, You cannot own 110% of a company. Is that so hard to process. Same as if you own 5%. If you get a bonus share of 10%, you still own only 5% of the company. You don't suddenly own 5.5% of the company. Simple, basic math. It's just a numbers that change, not the value.

So when you get "bonus shares" in lieu of dividends.... You are not actually getting anything.

However,

If you own 100% of a company, if there is a rights issue of 10%, if you don't fork out money, then the underwriter will get that 10% and your will be left with 90% of the company.

This is the same with warrants. If you do not pay the conversion price and someone else does, your ownership of the company will also be filled by someone else and your ownership will drop.

In the end, the one that earns is the one that bought the warrants for a cheap price, expecting to convert the warrant for a share without taking the risks that the original shareholders took.

>>>>>>>>>

Not only are you a diluded, deceptive liar who constantly accuses me of misleading investors, you are either completely ignorant of what bonus issue/share split means or you're just deceiving investors..

Here, let me direct you to an article:-

I think you may be mistaken about the meaning of integrity of management. But when I talk about management integrity, it is based on the details that you can find in the annual reports.

The reliability of a manager.

1. The quality of the projects he gets and the ROI to shareholders.
2. How he is growing the shareholder equity while rewarding his partners the shareholders.
3. Managing debt, and how much risk he is taking on our behalf.
4. The track record of profitability.
5. Managing cash flow.
6. His stock options, salary versus earnings.
7. His profit guidance, openness during AGM and explanations of his actions.
8. Receivables and payables, payment from customers and credit lines from suppliers.

These are publicly available information on how the manager is performing in managing our mutual business.

FYI, even if you worked in the company you do not often see the integrity of the boss. Actions speak louder than words.

>>>>>>>>>


Posted by Windy1974 > May 23, 2020 4:06 PM | Report Abuse

Philip. One of the thing you highlighted about importance of investing in a company 1. integrity of management. I agreed 100% but unfortunately for most investors, how can we know integrity of qmanagement unless we work for the company or in the industry.

There is a huge difference between a bonus issue and a rights issue. They are 2 different things

Bonus issue has no dilution involved. You can do the basic maths. If you have 60,000 RM 1 shares is the same as 120,000 rm0.5 shares. Zero dilution involved.

Rights issue is a totally different thing.

When you do a bonus issue it allows people who cannot afford to buy 1 lot of 100 shares to suddenly do so and trade it easily. The psychological effect is also different ( even though it doesn't work that way).

Warrants and rights issue are bad because you need to pay money for them. Warrants to pay for conversion to 1 share, and rights issue to pay to get 1 share. All dilutive.

If you don't know the difference by now, it is probably a waste of time to explain further.

>>>>>>>>

Let me ask you another question Philip. Bonus issues are dilutive in nature especially if it's 1-for-1 basis. But are bonus issues bad for investors?? If you say no, you have refuted your own claims already because warrants are also dilutive in nature. So why are warrants bad and bonus issues good when both are dilutive? When bonus issues are announced, company stocks usually soar.

Aseng, RI price of 40 cents per share means exactly that the share price is 40 cents. What are you talking about? I totally don't understand your logic.

The intrinsic value of that share by management as a sold price is 40 cents. That is what management is asking for, and that is what you will pay. The intrinsic value of the business however depends on how long you are willing to wait for earnings.

How much it is worth depends on how much earnings JAKS shareholders are receiving for each held share.

Another PP or rights issue could dilute even further. Look to earnings to define value, not share price.

>>>>>>>>>


The RI priced at 40sen doesn't mean the share is worth 40sen.

Obviously for new shareholders I am not complaining as I get to buy cheap shares.

But for those who are holding 60,000 shares where they paid rm1 for it, they are the ones left holding the bag.

Your viewpoint is of cute short term trader. All

As a long term investor I think like a business owner. I think in terms of earnings to me as a shareholder of the company. Converted warrants and rights issue dilute my share of earnings, what is so hard to understand? Why are you even arguing this point?

The reason you buy stocks is to have a share in the earnings of a company. You are thinking of it as pieces of paper to be bought and sold and traded.

All you want is quick short term money. Let me bring you back to real world.

That warrant of 15 cents? It comes from somewhere you know, it's not free.

If you don't believe me, hold your 60,000 shares and check out the value after this heavy dilution, if you say the Jaks warrants is 15 cents? I'm pretty sure after this warrants and rights issue is awarded, your 60,000 shares that you bought for rm1, will be worth a lot less than rm1.

FYI I never said Jaks was a bad investment. I did say that the long term shareholders of Jaks will lose a lot of value.

>>>>>>>>>>

You say that warrants are never a good thing but you are a hyprocite! Why do I say that? You own and have bought SERBA-DK shares and warrants. Does that mean that just because SERBA-DK has warrants means that SERBA-DK is a bad invesment due to the dilutive nature of the warrants?? If you bought SERBA-DK warrants, you can't sell the warrant back in the open market???? LOL...

I will not comment on what I think, as you seem to think I, will pijak your stocks pick. But the more important question is, did you have confidence in your 3 stocks to buy even more when the big discounts came? Or did you hold, wait and see what was going to happen? Or did you take out margin, sell father mother and go all in your 3 stocks during the super discount fear day.

How you buy is just as important as what you buy.

Look at Jon Choi, looking for alpha overseas, when he could have made huge gains in Malaysia by investing in stocks that he knew well locally.

But fear and worry and thumb-sucking is what really separates profitable investors from article writers.

Not only stock picks, but volume, position size and sell picks.

When you see most gurus don't post their portfolio, hide behind xx stocks and XX stocks, then you know they don't actually do as well buying stocks and give excuses as to why they don't maintain a portfolio. Because a trackable portfolio will reveal how well they manage equity, how much risk they are bearing, how they cut losses, and how they ride winners.

Go to the chat. I don't think you can post on the channel

In a simple word: patents.

Let me bring up an article from 2010 that caught my attention, and caused the rise of Hartalega huge profit margins.


https://www.theedgemarkets.com/article/hartalega-bullish-after-tillotson-suit-dismissal

https://www.theedgemarkets.com/article/hartalega-bullish-after-tillotson-suit-dismissal

Have you been to Hartalega glove factory before? I went in 2015,
and topglove one in 2009 to understand what makes them different from kossan and supermax and comfort etc.

Basically for medical nitrile gloves they have to meet certain size and quality specifications for US supply.
Hartalega has a patented production processes method that allows them to meet those specifications and yet produce commercially at a cheaper rate than all of its competitors, even topglove, and sell at a higher price.

That is why harta is worth 30 billion.

And a very simple question. What is asp for harta vs asp of other nitrile gloves producers.

That is a competitive advantage that supermax does not have. For it to be valued at 8 billion is an exercise in speculation.

I have held topglove for over 10 years and even I have never seen such speculation. Do you really think supermax is worth that much, or this fervour is sustainable?

>>>>>>>>

Posted by probability > May 23, 2020 10:58 AM | Report Abuse

Philip sifu, kindly enlighten all of us here what special characteristics that a company like Harta has against Supermax to cause such difference in PE.

Exclude the recent effects of Covid 19, i believe it boils down to competitive advantage concept you had introduced in i3

please break it down for us to digest...

TQ

Ok. There is an option in i3 to maintain your portfolio so as to compare your recommendation versus your results, do you use that?

FYI based on my 2019 started portfolio I have been holding 25% of my portfolio in topglove , and sold it recently as well as star media, documented transactions.

I do not do stock picks, I just share the stocks that I do buy.

I would say my performance is ok,

As I also bought:

Pchem at 4.09
Serba at 1.12
Gkent at 0.46
Yinson at 4.56

At huge volumes on margin. You know that the transactions cannot be deleted or edited right? It's all up there you can check individual transactions.

So looking at the results based on these averaged down figures, do you think I did well or not? When everyone is frozen and scared to buy, I bought when blood was on the streets. And I bought just these few stocks instead of 50 stock picks.

So, how did you do during this period? More importantly how did your recommended stocks do during this period?

>>>>>>>>>>


Posted by lazycat > May 23, 2020 10:09 AM | Report Abuse

phiip ur recent stock pick kinda no good --> pchem , yinson , gkent


i kinda wanted to recommend you some stocks , but you sure pijak my stock pick 1 , so i oso no bother do it lol

Yes, it is the main channel, the is also a group chat function

Hi blessedinvestor, you are also welcome to join my telegram discussion chat on tme/philipcapitalmanagement, I'm moderating it directly to remove trolling, spam and more on sharing info and discussion.

If you didn't know Supermax well enough 1 year ago to invest in it, what makes you think you suddenly know supermax well enough today to give such glowing opinions? You are basing multiple years of performance off a singular black swan event.

Wouldn't it be more rational to invest carefully, and to buy it when it was at reasonable valuation rather than heavy speculation?

This level of speculation and greed is horrifying. Can you really think that harta performance and Supermax performance over time is comparable?

>>>>>>>>>>

probability If you go to any pharmacy (my experience in overseas), they sell you gloves in boxes, if you check the brand, it has a local company name.

The name is something that you have not heard of - no connection to Malaysia, but the gloves are definitely from Malaysia.

This shows the distributors buy from Malaysian glove makers and hike up with a significant margin to make money themself (likely much higher margin than the manufacturers).

As such, if you can have your own brand (OBM) like Supermax, it would certainly make a huge difference on profit.

Most importantly, it means Supermax has the competitive advantage of killing other distributors (competitors) being the manufacturer themself.

This vertical integration is indeed very powerful.

There would be no reason for PE rating of Supermax to be not comparable to other big players like HARTA
23/05/2020 9:23 AM

This post below is the reason why I'm holding on to QL and selling topglove. Is you opinion that I should be buying Supermax based on greed and fomo? Or based on intrinsic value and looking term growth.

The prices now are speculative prices with future earnings baked hard into current prices.

I prefer to buy companies selling at a nice relative valuation to future prospects.

Or you believe the prices, volume and demand will go higher and at the same rate 5 years from now? That earnings will continue to quintuple next year and stay that way, and shortage will still be unresolved years from now?

>>>>>>>
supersaiyan3 Eh, it depends on its a one off event or a permanent change. For some companies i believe its a permanent change, for others is only a one off event. When this is over, who will still be running at full capacity?
23/05/2020 9:20 AM

>>>>>>>
probability I think Philip did the the right thing to sell Topglove........but he should be buying Supermax
23/05/2020 9:09 AM

Candlesticks are the worst trading indicators of all time. Show me someone who uses it, and I will show you someone who has a poor portfolio results.

It gives you so many false uptrends and downtrend you might as well trade by reading tea leaves.

I hope your post is not saying what I think it is sharing. That everyone should be buying more glove stocks with made up numbers of suddenly pe10. The ability to rationalize is to know when to go against the herd, and when they are leading you to water. This requires you to put ego out the door.

In any case, I have sold my entire long term holdings in topglove, my second longest holding. When everyone is asking silly prices for my stock, it is time to head out, and find out where everyone is forgetting.

You are welcome to join a telegram group my daughter set up for me, tme/philipcapitalmanagement

Think about this rationally, if you own a car that is now worth rm60,000 ringgit, what this warrant basically says is that your car value is ( 2250+40k(40 cent conversion)) rm42,250.

That is if you paid 60,000(rm1 per share) for the car. Imagine if you were those who paid rm1.5?. Imagine you paid 90k for the car, suddenly now it's worth 42k, you feel happy? Why?

This is not even a stock market price, buy a fixed conversion price and rights issue. Meaning the market value and intrinsic value of JAKS as measured by management and market is only worth 40 cents per share. If it was with any higher you can bet your bottom dollar that JAKS would have done so. That tells you something.

Now imagine that there will be future dilution of shares, another 4 for 2 with free warrants, as a shareholder in the company that makes you MORE HAPPY??

Understand this, rights issue and warrants are HIGHLY dilutive. This is a weapon that should be used with utmost care.

The main weapon for a company should always be in this order:

1. Internally generated funds. Using only profits to grow.
2. Bonds with a long term coupon
3. Loans and borrowing from banks with a long term note.
4. Private placement.
5. Rights issue.

It is only when you have exhausted the first 4 and no one is willing to trust you anymore do you go for 5.

This should be a lesson to anyone who starts counting their chickens before they are hatched.


>>>>>>>>>>>

That means if I own 60000 JAKS shares and subscribe to the rights issue, I get 15000 FREE WARRANTS!!! LOL

If the new WARRANT LISTING PRICE IS SAY RM0.15, then I GET RM2250 FREE...

LOL!

As for using icon to compare rights issue? Icon used to be worth 10 cents before, and rm1 a few years back.

Get your facts straight and stop misleading investors.

Icon had a 50 for 1 consolidation plan because the individual share price was too low it has to be rescued. So it didn't go up, just consolidated.

Right after consolidation it has another rights issue, further diluting the share price again.

And you are looking at the points you are interested in only. Come on... Grow up.

https://www.theedgemarkets.com/article/icon-offshore-slumps-further-after-rights-issue-starts-trading

Everyone knows rights issue and warrants are bad for the shareholders.

HOW ARE YOU THINKING WARRANTS ARE FREE? ONCE IT IS CONVERTED YOU ARE DILUTED YET AGAIN.


>>>>>>>>>>

Posted by johnmasino > May 22, 2020 10:25 PM | Report Abuse

ICON offshore stock actually surged/rose to a high of 0.95 cents the day after it announced rights issue plan..LOL..

23 Jan 2020:- Icon Offshore announced a rights issue with the the issue price of RM0.105 per Rights Share
24 Jan 2020:- Icon Offshore's stock surged/rose to a high of RM0.95..LOL

Share dilution is never a cause for joy. It's like buying and living in a house for 400k, suddenly now you are told you have to pay an extra 80k + warrant ( let's say rm1 conversion) 100k, so total of 180k extra just to keep that same house you bought for 400k.

If you don't pay some other guy moves in to buy your share at a far cheaper price, he would have paid 160k for the same share of rental yield as you who paid 400k for.

Is that a cause of joy? And you can't do anything about it, because you father is selling a part of your house so cheap that not only you have to fork out money to buy back the upstairs room, , the entire house value is going to be with substantially less.

And worse, the company that is supposed to rent the house is still not in yet.


>>>>>>>>>>
Posted by johnmasino > May 23, 2020 1:03 AM | Report Abuse

It's actually good news for JAKS shareholders. The rights issue comes with FREE WARRANTS!!! FREE WARRANTS!!

FREE WARRANTS = FREE MONEY!!!

LOL

Please don't tell lies, why is it 40 cents per share? DK66 will definitely tell you this is fake in sure.

TP for Jaks is 2.50 first stop as per dk66 calculations nearest valuation to vin tan 1.

Stop spreading lies, please show me calculation how is Jaks worth 40 cents?

Stop telling lies, Jaks can go to rm5 and rm6.

You can't provide calculations that says JAKS is worth 50 cents please stop spreading lies here...

>>>>>>>>>

The figure is RM0.40 per right issue, at a dilutive scale.

Don’t count your future earnings and hoped-for dividends when you first have to hand over money to this vampire.
22/05/2020 9:16 PM

Ooh just press the link at the top of my portfolio profile page.

Not as bad as originally thought, the price has already been factored the losses

Think of insas as an investment holding company. If you think of it using business sense, imagine if you are buying a mutual fund that has volatility risk ( unlike fixed deposit), but last year year used $100 capital to generate $4.17, while EPF lowest in 2019 was 5.4%.

https://www.kwsp.gov.my/about-epf/news-highlights/news-highlights#Highlights

The difference is kwsp is managing almost 900 billion in assets, while INSAS is managing 1.73 billion in assets. That return is somewhat disappointing.

Comparing to a more efficient fund management company like affinhwang with 47 billion in assets under management, their return for their funds over the last 3 years has been around 15.8%.

https://www.imoney.my/unit-trust-investments

So using this as a comparison is much better than thinking of you buy INSAS today you will get back everything in 7 years. You need to think of it as putting your money in a fund manager and looking at his long term results, because even if you bought INSAS, you still need someone to manage it.

So many fund managers out there, why choose the one that has poor return on equity?

Too bad you are not though. As a minority shareholder you probably don't have enough clout to put yourself a position in the bod, much less tell anyone what to do. Such is life of the retail investor.

Yes, I could never appreciate storybook accounting. But in the absence of growing earnings, many create new performance metrics like netflix, twitter, Uber etc to explain the growth of their company.

For INSAS it is the most undervalued company in Bursa. But how efficiently are they utilizing company equity to generate earnings? The reason why sum of parts so not work well for INSAS is because it's ROE versus capital employed is very low.

>>>>>>>>>

Under the old rules, inari would not even qualify to be considered as an associate company - it is non-core despite what the board says as Inari has outgrown the parent and is more than able to stand on its own without any help from Insas

>>>>>>>>>

Kctai3007 Just had a quick look at parkson’s balance sheet which is mainly fixed assets which may not so liquid unlike
Insas

If I were Thong, I would distribute the inari shares
21/05/2020 11:45 PM

Petronm results out, massive losses. Makes hengyuan really jittery...

Very good question, I am also confused as to why a company like parkson with 1.8 billion networth is selling for 10 cents or 107 million.

What happened to net assets model?

I think operating earnings is what happened.

The merry dance of earnings and profits based on fair value changes in financial assets is great, but can only be used up to a certain point, when losses and valuation ceases to make the investment viable.

I remember that a Singapore oil trader was able to hide massive losses by using marked valuation accounting, it worked for many years until one day... It just stopped working.

https://www.asiaone.com/money/hin-leong-tradings-114b-cover-scandal-what-singaporeans-need-know

FYI, I am not comparing INSAS to hin Leong as insas has ample cash and assets, as repeated multiple times by Sslee. But fair value changes on stocks has a very interesting way of changing the value of the company, which is why the best way to monitor this mini Berkshire Hathaway is to look at operating earnings, not assets.

The productivity and growth of earnings shows how well the INSAS management is working on your behalf, and explains a lot on why the PE of INSAS is so low, why the expectations are so short.

You are welcome to join our telegram chatgroup Lee. Many professionals to bounce ideas from.

He said he wants to buy more, but I feel it is the ego talking. We all have our pet stocks, and sometimes learning to let go is the hardest thing.

Really expensive bintang beer... Hi everyone, I have started a telegram to help investors do rational investing. Please feel free to join and discuss on stocks without fear of spamming, trolling and backed by portfolio results. Tme/philipcapitalmanagement.

Hi it's on my portfolio profile page. I can't seem to paste it in chat I don't know why. But it's the tme/philipcapitalmanagement

Sslee, thank you very much. You are a veritable Nostradamus. The moment you sell, PCHEM share price goes up, adds 2 billion in market cap. Can you tell me what else you are seeking out buying so I can edit your portfolio so I know what to buy and avoid?

>>>>>>>>

I cash out my Pchem after reading this Q1 result. So tonight still got Bintang Beer and lobster.

It's the one with /Philipcapitalmanagement

Hi qqqq3, its at the top description. For some reason I cannot paste the address in chat.

Hi, appreciate if we can move the chit chat to my telegram, as I would like to leave this portfolio page for announcements and my personal postings. The telegram had been quite lively recently actually. A very good chat program

I now have a telegram account! my daughter has just set it up for me and its proving to be very useful. Lets chat more there if you are interested, without the insults, backbiting, spam and random talk. Just rational investing.

Lets discuss more and chat more on QL if interested.

>>>>>>>>>>
https://klse.i3investor.com/servlets/pfs/120720.jsp#tabs_group2

I now have a telegram account! my daughter has just set it up for me and its proving to be very useful. Lets chat more there if you are interested, without the insults, backbiting, spam and random talk. Just rational investing.

Lets discuss more and chat more on PCHEM if interested.

>>>>>>>>>>
https://klse.i3investor.com/servlets/pfs/120720.jsp#tabs_group2

I now have a telegram account! my daughter has just set it up for me and its proving to be very useful. Lets chat more there if you are interested, without the insults, backbiting, spam and random talk. Just rational investing.

Lets discuss more and chat more on yinson if interested.

>>>>>>>>>>
https://klse.i3investor.com/servlets/pfs/120720.jsp#tabs_group2

See what they do, and not what they say. When they put serbadk at 1.05, they were constantly sending out the whatsapp group messages to us to buy low. I decided to just go all in at 1.12, on heavy margin.

https://klse.i3investor.com/servlets/pfs/120720.jsp#tabs_group2

Right now, I will be enjoying 0.012 dividend on 1.12 investment(1%) helping me settle my margin loan as well as the climb to 1.85 is going to give me a lot of confidence in holding on further.

I look forward to the day my investment in march will be giving me 10% dividend every year just holding on to serba stock.

anyway, I now have a telegram account! my daughter has just set it up for me and its proving to be very useful. Lets chat more there if you are interested, without the insults, backbiting, spam and random talk. Just rational investing.

>>>>>>>>

Posted by Fabien "The Efficient Capital Allocater" > May 21, 2020 9:35 AM | Report Abuse

This AmInvestment analyst is a joke. From 1.05 less than a month ago, a company's valuation can changed so drastically to 2.20.

We upgrade our call on Serba Dinamik Holdings (Serba) to BUY from SELL with a higher fair value of RM2.20/share (from an earlier RM1.05/share), based on a 30% discount to our diluted sum-of-parts (SOP) valuation of RM3.15/share vs. a previous P/BV target of 1.3x.

Hong leong bank also gives a low tp of 4.42 for pchem. So why am I holding at 5.83? Maybe I should sell and follow sslee into trading pchem?

The problem is, when public bank IB ask me out for coffee to discuss on what my views are on pchem and my investment inclination on the future of pchem, I realized that if ib analysts reports were so good and accurate, why are they working for others instead of doing their own investing?
>>>>>>>

https://klse.i3investor.com/blogs/hleresearch/2020-05-21-story-h1507773060-Petronas_Chemicals_Group_Rocky_Start_to_2020.jsp

Maybe investing in leong hup would suit you better? AMinvest seems to believe it will go up.

>>>>>>>>

https://klse.i3investor.com/blogs/AmInvestResearch/2020-05-21-story-h1507772382-Leong_Hup_International_Improved_ASP_in_May_expected_to_be_short_term.jsp

Hi Sslee,
maybe you will be better off following aminvest research that pegs pchem valuation at RM3.25,but now forced to revised that to RM4.45, while I was happily buying at 4.09 instead of waiting for a miracle price selling below cash for a 40 billion company.

Actually I think you will be better served to stay away from PCHEM at all costs, as this investment is not suited for a trading aspect as the volatility is not something traders like, they prefer far more volatile investments that can make money quickly.

>>>>>>>>>>

https://klse.i3investor.com/blogs/AmInvestResearch/2020-05-21-story-h1507772376-Petronas_Chemicals_Group_Close_correlation_to_precarious_oil_price.jsp

so, an order book of 17,000,000,000 in the next 4 years to complete requires no money ? May I ask, when your boss first started PT indonesia, how much money was needed to start the plantation up and how much revenue generated that first year?

>>>>>>>

Total liabilities is high: 4,479,503,000
Cash and cash equivalents: 1,284,139,000 then why still need Private Placement of RM456.7 million