I have started using a new app called telegram introduced by my daughter to do more moderated discussion on stocks online. So far it seems very useful to me.

Good morning all

The proper way to look at pchem results is to compare it with it's local competition.

Quarter. Revenue. Pbt. ...... NP. Np margin
Lctitan 31-Mar-2020 1,461,834 -205,795 -169,496
Pchem 31-Mar-2020 3,891,000 568,000 493,000 12.67%
Luxchem 31-Dec-2019 187,155 12,757 9,418 5.03%

If you understand the market environment and business industry, the fact that a company is able to do so well and generate such returns at such a time will give me confidence in a growing business with wonderful long term results. Why did I go into margin and bought every share I could at 4.09? Because this is a wonderful business. How often can you say that yes I own part of a wonderful business that I will never sell?

But it's funny how Mr market can react sometimes, giving you huge discounts at times and asking crazy prices other times.

It's pretty interesting, enjoying my 1.2 cent dividend in June based on 2.6 million shares bought at 1.2 cents. 1% dividend per quarter to sit around waiting. While you look at PPE, I see more and larger dividends coming my way, with a profit already up and great earnings this quarter.

As for PCHEM, I bought a huge block at 4.09, did you buy and hold? Or caught waiting for a bottom that did not come? So while you are enjoying bintang beer and lobster, at 5.84 share price, someone else is enjoying 50% returns on a blue chip company that is making money on the worse of times with 10% margins while PCHEMS competitors are all bleeding cash everywhere.

The thing with traders is they seem to have the bad habit of being stuck in bad investments that quickly become "long term investments". I hope your trading gives your joy, because the real money is made from waiting for wonderful companies to grow over time.

Dear Sslee, which tech has a bigger and better future ( and services you would pay for)

Fintech payment systems in a world of alipay, boost, visa, grabpay etc etc?
Or AI predictive maintenance that allows firms to maintain the health of their machinery better, reducing their maintenance costs better and bringing revenue? Who will be willing to pay more?

1 billion in quarterly revenue and 10% net income should give you some idea where serbadk is heading.

I wonder if you have had the chance to use the apps or services provided by INSAS yet?

>>>>>>>>>

Despite the above-mentioned downturn and volatility domestic and globally, the Group
mitigated through its strength in maintenance in which existing contracts are still being
honoured and drawdown since the asset’s production are still running. Incorporating the
value-added features with Artificial Intelligence (“AI”), its predictive maintenance has
gained better respect from customers. Added integrated solutions such as high-end repair
capability in the Group’s global centre of excellence will help to secure more new contracts
both locally and globally.

Additionally, through technology transfer from the Group’s associate company in
Switzerland, Italy and Netherland, enabled further in upgrading of equipment at affordable
local price while parts manufacturing has positioned the Group as more favourable option
as compared to our competitors. Thus, sustainability in term of continuous utilisation of
contracts have managed to be realised. The Group also activated its EPCC activity in non-
oil and gas sector in Tanzania, Uzbekistan and Laos. This will give continuity to revenue of the
Group

MR Market hard at work, its amazing when you think about it. When the directors of the companies themselves are selling, the investors who bought 10 years ago are selling, when the public is making estimations like this, then you know the results are buoyed not by real returns, but by speculation and optimism. IT can be a huge drug, especially when you see the share price keep going up, and you feel drawn and swept to join in the feeding frenzy. But this is exactly why 80% of retail investors lose money in the stock market.

Pure greed.

Sure the share price can go up to RM30. But it will crash down just as fast.

The trick is to invest rationally and not be pulled by the fear of missing out. At the same time, when the prices are at their lowest, one must not be fearful and stand waiting, but to go in and buy all you can. Shooting fish in a barrel 2 months ago was so easy anyone could have done it. So investing doesn't require a huge mental intellect, just emotional fortitude.

>>>>>>>>
Posted by Yu_and_Mee > May 20, 2020 4:21 PM | Report Abuse

end of the day, highest production capacity will be the winner because if price of piece glove up 0.1%, just imagine the additional profit is significant.
If up 10%, I can't imagine how much 73B production capacity will help the bottom line.
I think topglove in next 4 quarters, the share price should worth at least 30.00 if we based on what "they" calculated in Comfort.

>>>>>>>>
Posted by 360Capitalist > May 19, 2020 10:14 PM | Report Abuse

If we use annual capacity to make comparison between Top Glove and BIG 3 (Hartalega+ Kossan + Supermax), we may agree that Top Glove's share price is trading at 50% discount against BIG3 combined. Top Glove's share price is only half of BIG 3. ( RM10.48 Vs RM20.84 ).

With RM10.48 investment into Top Glove that has 91B capacity, we are actually making a good investment deal with 50% discount. Whereby you need to invest RM20.84 into BIG3 to get similar range of production capacity.

So, I believe eventually the share price of Top Glove will move faster to narrow the price gap with BIG3 when Top Glove releasing the QR report next month.

1)Top Glove 91.1Billion Vs 96.7Billion Pieces of Gloves (BIG 3 Combined)
2) Share Price :
Top Glove Vs BIG 3 (Hartalega + Kossan + Supermax)
RM 10.48 Vs RM 20.84 (RM9.01 + RM7.58 + RM4.25 )

Note :
Installed Capacity for Gloves Quantity :-
Top Glove ( by 2021 ) 91.1 Billion
Hartalega (by 2021 ) 38.5 Billion
Kossan 32.0 Billion
Supermax 26.2 Billion

gkent also add position, every day buyback shares to compete with you. when all the shares that people want to sell is gone, only left is those who want to buy shares....

So you want to follow the ib? The IB rich meh? if they so powerful, then why they still need to sell you buy calls?

>>>>>>>>


qqq33333333 every IB also issue buy calls with higher and higher Tp...only game in town is back.....so how?
20/05/2020 3:01 PM

How? It is very easy, you start by not using share price and assumption of profits as the basis of your valuation analysis. You start with real data. What is real data? Information shared by management of course.

1. Jaks management gives 12% IRR, and 140 million of earnings from power plant.
2. Gkent management project of 11.9 billion, with a 6% earnings guidance.
3. serba dinamik 17 billion orderbook.
4. yinson orderbook of 5.4 billion from brazil.

You start with information that is given and guided by management which is recorded in official announcement and if falsified is liable for litigation.

So when you talk about future, you don't start with what God told u, you start with what the MANAGEMENT has guided towards. Not only that, you start with what the management is doing versus what they are saying. Who said that selling price increase by 30%, the volume, profits, costs also increase? If profits so good, why is management and directors selling like no tomorrow?

This kind of assumption is not based on rationality, but since many people are not rational, it is very hard for them to tell the difference.

qqq, you can't tell the difference also? Let me ask you as simple question, can you share what comfort management actually did say about their sales of gloves? did they give a profit guidance?

>>>>>>>>>
qqq33333333 aiyah..philips...............when u talk about the future, u don't start with " assume" , what u start with? That God told u?

the whole world full of stories about PPE crisis, about shortages and even about America hijacking PPE......so assume lah.........
20/05/2020 2:56 PM

Rational is when you use real data. The moment you say "assume" you are using speculation as basis.

>>>>>>>>>>>

qqq33333333 KYY/OTB says.................comfort assume selling price increase by 30% quarterly profit increase from $ 13 million to $ 54 million, target price increase to $ 5.56............


what did I say about character and attitude? and that every thing also can be rationalised....Philips says just be rational.


rationalizing and rational ...can tell the difference meh?

I wonder if Calvin tan works for them Maybank invest.

Who is this Fred tham

Some wide advice from the head manager of affin hwang investment Banking, the soon to be listed first find management company of its kind in Bursa Malaysia.

His 3 rules
1. Ride your winners, sell your losers. He talks about how traders become long term investors when they start losing money and they keep their bad investments in the closets. Hold your winners, sell your losers.
2. Don't lose your capital. Understand that selling is just as important as buying. Cut loss is also another skill that one must learn, although this can be an expensive lesson to be learnt. But moving forward is always important.
3. Location, location, location. In stock market: management, management, management. Always learn to pick good management who can help you earn over time.

Very sound advice indeed.

One interesting thing that people rarely look at is warrens ability to dump bad stocks fast and without ego or second guessing. He also makes bad deals like Dexter and conocophilips, but structures it in a very smart way. Take for example his 3b bet into GE before. Right after he bought it, it dropped from 24 to 4. How did he make money? He bought preferred shares which paid 10% p.a.

>>>>>>

https://youtu.be/W-idg0rPkDQ

It's funny how everyone just say high pe company is based low PE company is good. In the end QL and Topglove superhigh pe companies end being the most reliable in the market. Investors should learn how to value businesses not play with stocks.

Icon Holland stock. Then when asked, I already cut loss. But when write articles... So beautiful!!!

-----------

https://klse.i3investor.com/m/blog/icon8888/2020-03-01-story-h1484655370-_Icon_Sam_Engineering_Excellent_Result_Share_Price_Can_Potentially_Doub.jsp

You keep repeating this, can you be more specific? Any examples to share on what you mean and how to take advantage?


>>>>>>>>>>

qqq33333333 trading is about being proactive, reactive sure die.

shares move by illusion and fake news....
19/05/2020 4:40 PM

I just realized what that chat bubble is on top of the page. It is a messenger tool!

So very greedy and lazy, and telling lies every day. Between my wife, family, myself, my investing group we are investing a large sum ( with margin), but still only maintain 6 accounts only. You single handedly got 15 accounts? So bullshit meh?

Then take 1 account and track la. What so hard? Is your real name Dan lok or ian Lopez? Or you actually don't know how to invest at all, no results so give a lot of comments and bullshit?

If don't know how to invest then keep quiet la.

Why still talking so much bullshit?

Don't be stupid la, it is already marked to market share by share. You just don't know how to use the i3 platform to get the data say bullshit again.

Everyday wasting time. You deserve to lose every cent you have

Bullshit and bullshit again. Everyday talk cock. If like that I also can. Talk cock in forum not time consuming meh? Then better you stop talking here and go back to your 15 fake accounts.

Then can you show me your portfolio so I can see what you are doing instead of what you are bullshitting?

Your value investing got results meh?

If you talk big but cannot perform, then why the hell are you trying to teach me?

Your performance from hengyuan, insas WA, sapura, bjland etc already show me your quality.

>>>>>>>


stockraider Philip should understand what is value investment mah...!!

Stockraider, can you stop commenting here? Everytime I give comments backed with real portfolio results, you come in with your stupid ideas and your imaginary results. But since you don't post no body know how much you lose. You promoted and say buy a lot of sapura at 36.5 cents, and say it is a good deal, but now the price drop to 10 cents. But you hide your portfolio, so we don't know if you sold because you never say, how much you buy, maybe you sailang ( you know what sailang means right? But how come suddenly now your sailang is maean 10-20% of your portfolio? Sailang mean 100% all in la sohai).

If you cannot be honest about your results, I suggest you go somewhere else and promote your fake guru comments and tell people what to buy and do, because frankly you are a persona non grata here.

No one is listening to you, care about your opinions or even want to hear you speak. If you just keep quiet is better than you speak.

The are many other people that we can learn from, but how come your posts is the loudest and capslock? And you keep posting previous comments until the whole page cannot see.

If your results can match your comments ok la, but you bark so loud but bring everyone to Holland, better you don't talk at all.

Hi 3iii, may I know where to obtain these statistics?


>>>>>>>>>

Today

The turnover of 11.21 billion units was worth RM4.40 billion compared with 9.23 billion units worth RM3.87 billion on Friday.


Average price per share today was 39.25 sen.

Average price per share last Friday was 41.9 sen.


Penny shares on fire!!!

4. What are the long term business prospects for airlines? If we take delta as an ongoing concern, their 3 billion in cash is not going to be enough to arrange off the cash burn. Looking at their previous expenses and rate of expansion and the level of competition for what customers are left, they will be looking at a lot of months of losses and negative earnings yet. As they have guided towards a cash burn of 50 million a day, let's start with that. Let's say we are a bank that is seeing the entire industry go bankrupt, would you borrow money to Delta? Probably, if the rates were cheap enough. I doubt delta will be bailed out by the government, although they will give grants for unemployed workers.

I believe 20 billion is a good starting point for how much money they will need to survive. I believe banks will charge cutthroat rates to take the risk of bankruptcy and haircut, so let's say a conservative maximum of 10% per annum. Meaning, interest costs alone can range from 1.2 to 2 billion a year alone in finance costs.

In their best year alone were making 4.7 billion in earnings, if you were to put that large of a stone on their backs, huge finance repayments on top of low earnings guidance will hurt the business for a long time to come. Breaking their backs and bankruptcy might be a very high possibility, but the change in long term business prospects becomes a certainty.

Think on that before we buy Air Asia.

Not that I am defending Warren buffett or anything, but I think his position on the business that it has changed structurally merits some further explanation quantitatively.

Let's see how the long term prospects for airlines have changed.

1. There will be a long term closure where planes are not allowed to fly. This has already gone on for months, and will continue on for months more. Worse case scenario let's take a year before flights can begin. Problem is, even once flights are restarted, only domestic flights will pick up. International flights will still be slow as fear is still around, even when a vaccine is found. So if we can start, let's take a rational basepoint f 1 year of lost income, just as a conservative guide.

2. Generally, most businesses will go bust if they lose 1 year of revenue. Let's take delta airlines for example. In 2019 they had revenues of 47 billion, with 4.8 in profits, a year of rapid growth and low fuel costs for them. So basically, as they are a service based industry, they have a high operating expenses, which in 2019 amounted to 40 billion. How much to keep them grounded over this period?

https://www.cntraveler.com/story/what-it-takes-for-an-airline-to-ground-its-fleet-amid-coronavirus

https://simpleflying.com/grounded-planes-costs/

https://www.cnbc.com/2020/04/22/delta-dal-posts-1q20-loss-of-607-million-as-coronavirus-hurts-travel-demand.html

So now we have a rough cost of how much of a hole airlines need to dig themselves out of. Let's take the worse estimate for Delta. Cash burn of 100 million a day.,

3. Delta had cash of 3 billion in 2019. So now we need to understand the future prospects, aka how delta is going to dig itself out of a 30 billion dollar hole.

>>>>>>>>>
https://www.youtube.com/watch?v=v3eSu4XAZw4&feature=youtu.be

Sad. 40 unbroken quarters of profitability broken in a black swan event.

I didn't fill up for gas in almost 2 months. Anyone who is buying petrol station business at this juncture is asking for it. It doesn't matter what the price of oil is if no one is buying.

Do you read annual reports cover to cover? Or are you the type to just look at certain metrics and forget the rest? For me, I usually further the first few pages of the annual report into sustainability report. But the back half I basically memorize to bring up later when I need to crunch numbers.

The best bits of the annual report are at the back pages. That's where the meat is.

Do you read the last few pages of annual reports? The information can be very interesting.

If you look closely, you will know who is in the top 30 shareholders and who hold independent directorships. Do you know who are the top 30 shareholders of kab?


>>>>>>>>>>

qqq33333333 that ex Cimb guy got share his portfolio meh?
18/05/2020 9:46 PM

I understand what the goals are.

However, if companies like Berkshire that is x times larger than INSAS consider it important to treat shareholders like partners and be as transparent as possible through the good and bad, I don't see why we cannot hold ourselves to a higher standard.

Question: do you know why Bernie Madoff was able to get away over such a long period?


>>>>>>>>>>>

Answer: The full details of quoted securities are not required to be disclosed in the annual reports under the Listing Requirements, Companies Act or MFRS. If such disclosures do not compromise the confidentiality of the investment strategies of the Group, the Board will consider providing further analysis in future annual reports.

Do you know why Listing Requirements, Companies Act or MFRS did not required listed company to disclose fully their Financial assets at fair value thro’ profit or loss (Quoted shares)?

Antifakeguru, I think in this case you are wrong because you did not post the entire context of his history of emails. But in that case it is also doubly wrong because OTB is running a paid service and you are directly interfering with his income.

As a gentleman I think you should stop sharing his subscription reports to his subscribers to the public as it is not fair that I should have information that others paid for.

As for OTB, may I leave a suggestion? I think this antifakeguru is angry because he may have lost money from your calls before. What I feel is you should be also be fair to your subscribers by maintaining your own trackable portfolio for your subscribers to show that the stocks you recommend to buy and sell are also those that are in your portfolio. As the portfolio performance cannot lie and your position size should indicate your confidence in your stock pick, I believe those subscribers will be happy to know that when making money both side will make money and when losing money you also lose money with them.

I believe that level of honesty to your paid subscribers and investors is the minimum level of transparency you should provide them to reduce their unhappiness when they lose money buying your calls.

This is how I provide transparency with my group of friends in our private equity, and as the biggest shareholder they know any stupid investment mistakes will hurt me more than it will hurt them.

Very wise words from a famous source.

>>>>>>>>>

Many governments require large investors to periodically report their holdings. These filings are public. One can compare reports between periods to see which stocks talented professionals bought.

In America, money managers with at least $100 million in assets under management are required to file a quarterly report that lists—with some exceptions—their U.S. stock holdings. Called a 13F, the report is due 45 days after the close of a quarter. They’re posted at www.sec.gov. Check midway through February, May, August, and November.

Mining 13Fs has many limitations. Understanding them helps to make the tactic work.

The first limitation is that one has to know which professionals are worth following. Outperforming mutual fund managers are easy to spot, since their track records are public and clear. But private fund managers may share their records only with clients. And professionals that run portfolios inside larger companies—even listed ones—may never detail their histories.

One can’t really know if a professional is worth following before seeing a track record. Fame is not a proxy for performance. I am routinely struck by the high profile of some perennial laggards, and the anonymity of some total stars.

I am always amazed why brilliant investors with long IB history of recommending stocks that made millions for their clients are totally understand the radar while individuals like kcchongnz can go around selling stock pick services and e-books.

Fame is not a proxy for performance.

If only there was a way to track their performance and not their claims.


>>>>>>>>>>

Many governments require large investors to periodically report their holdings. These filings are public. One can compare reports between periods to see which stocks talented professionals bought.

In America, money managers with at least $100 million in assets under management are required to file a quarterly report that lists—with some exceptions—their U.S. stock holdings. Called a 13F, the report is due 45 days after the close of a quarter. They’re posted at www.sec.gov. Check midway through February, May, August, and November.

Mining 13Fs has many limitations. Understanding them helps to make the tactic work.

The first limitation is that one has to know which professionals are worth following. Outperforming mutual fund managers are easy to spot, since their track records are public and clear. But private fund managers may share their records only with clients. And professionals that run portfolios inside larger companies—even listed ones—may never detail their histories.

One can’t really know if a professional is worth following before seeing a track record. Fame is not a proxy for performance. I am routinely struck by the high profile of some perennial laggards, and the anonymity of some total stars.

Hi OTB, is this true?

Did you sell first your o&g stocks yesterday and today, then send email to your subscribers to cut win?

Or if this antifakeguru guy about fake person?

Note here that sslee bought and sold Star and ekovest for profit.

>>>>>>>

Stock: [JAKS]: JAKS RESOURCES BHD

May 18, 2020 5:01 PM | Report Abuse

haha i3lurker,
Today I throw some STAR and Ekovest for profit.
Tonight got lobster and Bintang beer for celebration.

Someone reposted this in the forum, I do not know whether it is true or not. Let us monitor the upcoming results of serbadk and match it to the belief of OTB.

I do not know if he wrote and sent this comment to his subscribers.

Final decision is always yours.


>>>>>>>>>

Dear valued clients,

Please note that Carimin and Penergy reported losses in the last quarter result released today and yesterday respectively.
I want to play safe in my investment, I had sold all my Oil and Gas Maintenance players stocks yesterday and today for a good profit.
I believe the quarter results of Dayang, Deleum and Serbadk may not be good, I really do not know the actual performance.
I suggest you sell them first and buy back later.
Please also read my comments in my last weekly report.

The final decision is always yours.

Thank you.
Ooi

I don't get it. If you have the time to show off on your results that you gain 100%, how come you don't have the time to maintain a proper trackable portfolio?

If I told you I bought topglove and multiple splits until I bought each share at rm1 with dividends each year and I sold everything last will at rm10, would it matter?

The process is far more important than the results.

If you show off your results without tracking your progress and process, it means absolutely nothing, you know.

You learn nothing, I learn nothing, and we wasted time on something that cannot be replicated consistently.

>>>>>>>>>


qqq33333333 Philip ( buy what you understand) > May 18, 2020 3:59 PM | Report Abuse

But they rarely ride their winners and sell their losers.
=======

sold my supermax at $ 3.80+......100% gain , rare treble digit gain....
18/05/2020 4:41 PM

Those who do not bother to track their own results will never learn how to improve on it. Only if you are willing to do the hard work and learn from your mistakes, then you will be able to grow further and improve on your investments.

Traders rarely see businesses as investments. Most of the time they see it as pieces of paper to be bought and sold.

But they rarely ride their winners and sell their losers.

>>>>>>>>>>

qqq33333333 hardly any thing can be called investments...

i dont understand this question.

>>>>>>>>


ahbah Better to get trappppp than to escape during the current BULL run !
18/05/2020 1:51 PM

Isn't this just another microcap illiquid stock that has lost money for 10 years in a row? Why throw money into bad stocks when you can buy many good companies at cheap prices?

I think one lesson we need to get out of our mind is that we should get our own twist on local investment in bursa and not parrot warren buffett directly. The market is totally different, the options are different, the investing mindset is also different.

Unlike in US markets where companies are far more regulated in their financial reporting and far less likely to cheat investors directly (although some exceptions are spectacular), asian countries are far more lax and their laws are more less controlled and punished.

We have to exercise far more care in selecting our ivestments than usual, and as such pay a far higher premium than other bursaries. However, paying more for a company you understand beats dropping money in businesses in USA that you have no clue about and cannot understand efficiently.

We should find our own heroes and leaders, and Ian yoong is a very good example.

hmm you dont know him? he was the CIMB senior VP for investment banking.
hiap teck independent director before, i think also for success and red sena.

But now definitely the independent chairman for KAB currently.

I thought you in the investment banking circle? he used to service KYY woh... you not in his account?

>>>>>>>>

qqq33333333 that Ian, I don't know him at all....

u know him??

Good money to you too.

Me and Ian both have the same concept, be aware of macro economics in industry but don't let it influence your selection of single companies.

Yes there is a lot of retail money in the market, but the fact is there will always be retail money in the market.

In the end it is always more important to select the best companies and choose the most efficient ones to invest in the future.

If you go search for diamond you will find trash. If you search in trash you can also find diamonds.

Find the excellent companies run by legendary managers, that is the best way forward.

If you can hire yourself a aragorn, legolas, gandalf, gimli etc, even if the horizon is dark, the captain of industry will lead you forward.

Famous managers in bursa,

Abdul Karim,
Dr cheah
Carl bek nielsen
Kuan Kam hon
Log boon siew
Teh teow ping
Koon poh keong
Jeffrey tan
Lim goh tong
Robert Kuok
Ananda krishnan


If you could get these people to work for you, get individuals with similar quality of character you could definitely get somewhere.

>>>>>>>>

Sslee Good money Philip,
I think qqq3 mean the worst is yet to come. Market is cornered by government printing money to give away.
Read this: https://klse.i3investor.com/blogs/tradeview/2020-05-16-story-h15070630...
18/05/2020 7:26 AM

What do you mean?

>>>>>>>>>
qqq33333333 The FED can't even leave Index stocks alone.........and everyone is a Bufalo man....they still say there is a free market.
17/05/2020 11:33 PM

Ok. Do you know Ian personally? Maybe you can email me your contact and I can arrange for us to meet up together after MCO for some drinks? I still have some unopened hibiki. He is a very funny guy, but very warm and nice.

Is that you Herbert chua?

No particular reason. I just thought that more people should see this video and understand how investing works and how to profit long term from it.

Investing should be a passion, I feel the same when he said that if it was free he would still love doing it.

I would too.

https://klse.i3investor.com/m/blog/phillipinvesting/2020-05-17-story-h1507085013-Sharing_investment_journey_of_Ian_Yoong_HNW_private_equity_investor_and.jsp

https://klse.i3investor.com/m/blog/phillipinvesting/2020-05-17-story-h1507085013-Sharing_investment_journey_of_Ian_Yoong_HNW_private_equity_investor_and.jsp

https://klse.i3investor.com/m/blog/phillipinvesting/2020-05-17-story-h1507085013-Sharing_investment_journey_of_Ian_Yoong_HNW_private_equity_investor_and.jsp