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

What bad mouth? Sohai Lau. You never watch the video simply talk cock again. Me and Ian both are going deep into o&g stocks for certain companies because we see value. What badmouth others? You don't even hold any stocks give so many excuses talk so much for what?

Show me some results please if you want to insult others.

Already can earn 50% from star but you become greedy hold too long got la.

Greedy sohai.

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

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

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

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

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

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

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

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

Before I forget, or if you didn't listen to the interview, the stocks that Ian Yoong is currently holding right now are O&G stocks and small cap businesses in malaysia. KAB is also one of his holdings.

Sohairaider, why you keep telling other people what to do? You are the one keep telling me my performance fake la, sohai la, this la that la. You everytime talk so loud, now as you to perform you have erectile dysfuntion? Why are you still keep talking? If don't want to track your own performance then why you so smart want to comment on mine and what I should do with my money?

If you dont want to track you performance, then fxxk off la. You are really wasting time here. You want to be sifu tell everyone what to do and promote you sapura, but you dont want to show how you make money from sapura and netx. Bullshit la.

>>>>>>>>

Posted by stockraider > May 17, 2020 12:02 PM | Report Abuse

Just go and do it, track your performance loh...don talkcock mah...!!

Oh so you know how many trades he makes every day yeah? I find it hard to believe that he will be too busy to maintain his account. He is obviously a part time trader, as he has already said he has a full time job in a courier despatch company

How many trades can a part time guy do?

I call bullshit, and he gives too many excuses. If he can type so much and talk so much in forum, he can certainly track his trades. But give him benefit of the doubt la.

Enough bullshit, you can ask me mark to market, but when ask you to maintain a portfolio, you give so many excuses. You are so fake, its so clear.

Even the blind can see, mark to market is based on stock to stock buy and sell returns, as portfolio unrealized profit/losses are transitional until you cut loss/cut win.

Even warren buffet laugh at you la.

https://finance.yahoo.com/news/warren-buffett-decries-accounting-rule-change-that-has-made-a-mess-of-berkshires-earnings-142751564.html

For my portfolio, operating earnings are what is left after you buy a stock and you sell it for profit/loss.

Selling is just as important as buying. Like your mark to market of hengyuan from 2.50 to 4.50 to 18.50. What is the point of numbers going up and down when you bought at RM8 and it goes up to RM18 (and you forget to sell and say it is worth RM35). Then it drops to 10 and you sell it off (you only make a gain of RM2), but you say you are smart. But what you didn't reveal is you bought hengyuan at RM5 because it has dropped to low low price, just to see it go down by 50% to 2.50. Then your balls shrink and you scared to buy back just as it went up to 4.50.

So now when the share price drop to RM3.60, you brain confused don't know what to do.

So in the end you give excuses la. True or not?


>>>>>>>>>

Posted by stockraider > May 17, 2020 8:26 AM | Report Abuse

How to track leh ??

Everyday i make monies...just netx i bought 1 sen...within 1 day it is already 1.5 sen 50% gain mah...!!

My activity is brisk & fast...not suitable for your type of tracking loh....!!

Enough bullshit, you can ask me mark to market, but when ask you to maintain a portfolio, you give so many excuses. You are so fake, its so clear.

Even the blind can see, mark to market is based on stock to stock buy and sell returns, as portfolio unrealized profit/losses are transitional until you cut loss/cut win.

Even warren buffet laugh at you la.

https://finance.yahoo.com/news/warren-buffett-decries-accounting-rule-change-that-has-made-a-mess-of-berkshires-earnings-142751564.html

For my portfolio, operating earnings are what is left after you buy a stock and you sell it for profit/loss.

Selling is just as important as buying. Like your mark to market of hengyuan from 2.50 to 4.50 to 18.50. What is the point of numbers going up and down when you bought at RM8 and it goes up to RM18 (and you forget to sell and say it is worth RM35). Then it drops to 10 and you sell it off (you only make a gain of RM2), but you say you are smart. But what you didn't reveal is you bought hengyuan at RM5 because it has dropped to low low price, just to see it go down by 50% to 2.50. Then your balls shrink and you scared to buy back just as it went up to 4.50.

So now when the share price drop to RM3.60, you brain confused don't know what to do.

So in the end you give excuses la. True or not?


>>>>>>>>>

Posted by stockraider > May 17, 2020 8:26 AM | Report Abuse

How to track leh ??

Everyday i make monies...just netx i bought 1 sen...within 1 day it is already 1.5 sen 50% gain mah...!!

My activity is brisk & fast...not suitable for your type of tracking loh....!!

Can you for once in your life be honest and start an i3 portfolio to track your buy and sell?

Stop repeating on hindsight, but show your real application of investing.

You don't even have to put your real portfolio like I do.

Just start one with 100k, and plan your trades. You can buy first then promote. But you need to update your sell prices instead of simply taking bullcock everyday.

Then we can monitor if you keep talkcock everyday is based on good results or just talk only but never make money from stock market.

What bright side, you ask her to sailang everything at 40 cents. Now she curse you and fxxk you kao kao liau. What is a despatch boy doing telling ah fah how to buy stocks?

After you sailang all in sapura, then sailang all in NETX at 2 cents and lose half your money, you still got money to sailang?

Now talk bullshit again. After you buy stocks at 40 cents and watch everything crash around you to 6.5 cents you still dare to buy meh?

That's why I always laugh when I see people like you. Everyday can talk bullshit, but don't even daunting an i3 bursa portfolio.

You got buy sapura at 6.5 meh? After it drop to 16 cents you disappear from sape forum go hide in NETX forum got la.

Then the share price drop from 2 cents to 1 cents.

Lucky you not in NETX forum when share price was selling at 8 cents. Otherwise you sure cry sell your myvi liao

How is ah fah doing now? Still selling vegetables in the market? Maybe if she stop gambling her son can actually go to university instead of buy big at highest prices now need to help mom sell vegetables in the market. So pathetic, why she listen to stoneraider buy big at 0.365 with 40 billion orders etc. Now sapura worth what...9 cents. The share 1 lot worth less than toilet paper.

Sapura in 3 years and 3 months will be worth rm3 right? Yes I know.

It means this la. Your results speak for themselves stoneraider.

>>>>>>>>>>


stockraider The wise man eyes are in his head

A wise person sees with not just the physical pair of eyes

He sees with his "eyes in his head"

Or he uses his mind to "see"

Not just his physical eyes only

So we must see ahead of time

See 6 months down the road or 12 months or even 2 years or 3 years ahead

What are the companies that will do well then?

What are the opportunities and what are the pitfalls?

See ahead of time

What are the changes now that will alter the status 6 months or 12 months or 2 years down the road?

That is how we see with "eyes in our head".

Not only see & use your brain to think mah.....!!

Make use of your 6 senses to help u make monies loh...!!

Sapnrg in 3 yrs time will be reporting Rm 3b to Rm 5b profit, do u see sapnrg share price still at current low Rm 0.365 leh ?

Most importantly the next 6 to 12 mths there will have positive operations profits coming, profit on disposal oil field of Rm 2.0 billion and potential writeback of impairment previously of rm 3.0 billion as more & more unutilized assets put to good use to service the increasing oil industry loh..!!

With contract in hand secured already rm 19.3 billion, it is likely the huge contract wins will ballooned to record rm 40.0 billion.

Sapnrg is already have the biggest contract award from petronas in msia compare to the rest of OnG companies together combine, and this trend is still growing loh....!!

The share price is increasing day by day loh....!!

Ahfah already see it coming and had summon the courage to buy big, have u done anything yet leh ???
17/03/2019 1:04 PM

I think you need are becoming too optimistic. I like this article better.

https://klse.i3investor.com/blogs/tradeview/2020-05-16-story-h1507063036-_Tradeview_2020_Why_is_KLCI_Bursa_Stock_Exchange_Trading_At_Record_High.jsp

As he is asking the real questions: where is the hot money coming from? Is it coming from smart money or dumb money?

I think the fact is clear. When dumb money is buying more stocks and creating far more volume than institutional, when foreign investors are huge net sellers, when institutions are taking their time slowly you realize one thing.

The recent government actions of giving out free money ( rm1 million covid loans), suspension of short selling, pumping the cash to the rich and failure of past 2 months for businesses to generate profit has made many retailers put money in stocks which is selling at on average at all time lows in March and April. The recent gains had caused more retailers to pile in with money to buy everything they see,

FOMO.
I have been holding and buying glove stocks for last 10 years.i have been to their factories, AGMs and know topglove production line building progress closely.

I believe I can rationally say a few things.

1. Not every stock dealing in gloves production is a superior company. Then why are all of them even the obscure ones are being speculated on? Retailers are lapping up anything that even resembles contributing to glove production market.
2. Those who have seen the factories can quickly gauge the production capacity. Sure, asp can go up, production can definitely maximize. But to assume that glove production can double is one thing. To assume that it can triple, earnings can reach 5x is pure speculation.
3. Now that all the retailers are in without even looking at the results, the smart money is staying or starting to sell. If you take hengyuan as an example where were retailers in 2016? When it was selling at rm3-6. But put in one good result, a big margin fueled purchase of a illiquid stock, a fast speculative increase, then suddenly everyone was buying at rm12, rm15, rm18 and speculating that hengyuan will be flying to rm35.

Look at hengyuan. Back to earth, despite a nice crack spread today.

It is right now when everyone is buying that we should be selling, and start looking for deals in industries where everyone is leaving to uncover the gems. When I first bought topglove, it's PE was around 16, with good growth and dividends. When I get to that IB is predicting tp of 13.50, and retailers and blog promoters predicting TP of 20, with trailing PE of 90, they are assuming earnings grow by 3x in the next few quarters to catch up. The best companies in the Bursa like harta and topglove were expecting to grow 15% per year.

Right now I have 5 years of growth factored into stock price climb. That is just not rational to me. This is pure speculation filled investing. This will not end well for those who bought at super bull highs.

Johnmasino: I will assume you didn't write this then.

I don't know why you keep accusing me of saying that the CFO/PBB analyst/Hong Leong is wrong. I never said that! Please don't bring up ad hominem arguments and falsely accuse of attacking others as liars.


>>>>>>>

The PBB analyst should be shot for misleading so many people

Sorry, I'm not some sifu or great investor or some such. I will not presume to tell you to sell or buy or give some TP etc. I am learning something new everyday, the same as you. Just because CFO bought or sold doesn't mean you have to, but I bet you did not know this until I brought it up ( which is the purpose of the wonderful i3 forum to gain info).

What you should do is scuttlebutt and get as much information as possible before acting. In the end working with incomplete information you need to make a decision to buy or sell. The decision is always yours because results are never black/ white. In the short term, share price can jump in any direction, up and down. In the long run things fall into a more balanced pattern.

In the end, if you don't take a risk you gain nothing. The question is how you analyze risk.

>>>>>>>>>>
ohnmasino Philip:- Another thing that you said is that the CFO sold all his holdings at 80 cents and left the company. So, my question back to you is, just because the CFO sold all his shares at 80 cents, does that mean we should also do the same? After all, he is the CFO and has inside information so if he sold all his shares at 80 cents means we should do likewise?

It is good that you are optimistic, and there is definitely the possibility and chance that Jaks can go up to rm4.50 as per DK66 tp. But rationally since you are saying that Jaks CFO is wrong, pbb analyst is wrong, hong Leong analyst is wrong, everyone else is wrong, but you are right.

In that case with such overwhelming confidence, let me ask you a simple question: have you seen the ppa agreement of Jaks? Can you guarantee that the power plant will be fully operational by November 2020 inspite of covid 19 before LAD kicks in?

So until you have, all I can advise young investors is to invest rationally.

All the best.

>>>>>>>>>

johnmasino In any event, I believe there is still a lot of upside for JAKS to run, how far it will go is anyone's guess..my conservative estimate would be RM2.50 to RM3.00.
16/05/2020 11:58 PM

Mark to market? You can just use the tools at the top right corner to do the analysis if you want to. I'm sure my results beat yours any day. Your NETX 2 cents, hengyuan rm35, sapura rm3, Insas rm1, bjcorp, you sure you making money long term in stock market? Maybe that's why you still driving that myvi around everywhere. You should quit your grab driver job and concentrate on picking stocks properly. Saves you more money instead.

My trackable online portfolio has right up there. Do you know how to use it? You can check group transactions and see the performance of my "1 year" trade in topglove. The returns is right there.

Maybe you never started a portfolio before. You may not be that you cannot delete entries or edit them. Only add.

But maybe you should start one too, so we can actually see if you can raid stocks, because you results a bit bullshit la.



>>>>>>>>>

stockraider I think Philip had been exaggerating with 60% gain todate.!!

I encourage young investors to think rationally and not emotionally.

Understand the concept of risk. Intrinsic value margin of safety risk ( FA risk). SMA volatility in price trends ( ta risk). And Intrinsic business model and competitiveness risk ( QA risk). Obviously the entire industry is at 20 year lows. And obviously not all o&g companies will survive. But for those few wonderful companies that can survive and thrive, you will be buying cash rich companies with consistent growing revenue and earnings. A global presence that can consolidate and eat market share from bankrupted competitors. Best of all, buying a business that had double digits growth for many years with long term profits and assets, and buying it at pre IPO prices.

You just need to look at the business beyond the macros.

And also enjoy watching paint dry.

No one makes money buying gloves now. Those who made 10x, they bought it years ago.

Gambling is about putting money now to get more money in the future. Investment is about gambling with calculated risk. You could say I'm a gambler. But I could also say I only gamble in games that I have a high chance of winning.

Thanks and wish you all the best too.


>>>>>>>>>

blood7 wow... sold all gloves holding and buy into O&G... hmm, gambling? but you have holding power maybe ok.... well, only time will tell, wish you all the best (and i hope you will be right)!
16/05/2020 9:44 PM

For those who think the renewable and green energy is here, please refer to Michael Moore, my favorite documentarist.

https://youtu.be/Zk11vI-7czE

Johnmasino, be honest, how long have you been a Jaks shareholder? Did
you attend the 2018 AGM? Or the 2019 AGM? Would you have known about this stock if not for KYY? I have attended. I was very interested and about to buy Jaks before.

Let's be honest here. Those who have been here long enough would know that I have actually met Steven before for a short discussion with mutual friends, before he left for ksk. I did press him for details which I was reluctant to share due to him still being the CFO of Jaks before on the ppa agreement and the profit margins due from the power plant. As he has now left, all I can do is show you that in my portfolio I still have not bought a single share of Jaks. I believe the price once given out to during official AGM was below 140 million. He has since revised his profitability claims, sold all his stocks and left the company.

Do with that information what you will.

All these are official and recorded statements from Jaks management. So if you said the Jaks management is lying, and power plant will make 1 billion a year, then it may just turn out that way.

But be rational.


>>>>>>>>>>

Posted by DK66 > May 16, 2020 10:29 PM | Report Abuse

johnmasino, The CFO did say during the 2019 AGM that the JHDP will contribute 80-100m to Jaks but it also said "more than 100m" during the 2018 AGM. He did not provide further explanation. I think he could be taking Mong Duong II's distribution as a guide but that is just my opinion.

Since you are trying to pick numbers out of the air, why don't you pick the only numbers that was given before by management to investment bankers who actually went to Vietnam, seen the power plant, talked to the management, and did a lot of discussion directly?

If you want to take historical details,

This was in 2015, an analysis of Jaks the BUSINESS. By kenanga

https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.insage.com.my/ir/cmn/downloading.aspx%3FsFileName%3D16103000018052%26sReportType%3DRR&ved=2ahUKEwi8-7PP1LjpAhWZXCsKHeiEC4QQFjADegQIBRAB&usg=AOvVaw21P31Gixvf0snK3N_C39ca

This was in 2017, an analysis of Jaks the BUSINESS. By public bank

https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.insage.com.my/ir/cmn/downloading.aspx%3FsFileName%3D16103000018052%26sReportType%3DRR&ved=2ahUKEwi8-7PP1LjpAhWZXCsKHeiEC4QQFjADegQIBRAB&usg=AOvVaw21P31Gixvf0snK3N_C39ca

This was in 2020, an analysis of Jaks the BUSINESS. By hong Leong


https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.bursamarketplace.com/mkt/tools/research/ch%3Dresearch%26pg%3Dresearch%26ac%3D919419%26bb%3D935930&ved=2ahUKEwiO-v2e1rjpAhULWX0KHYIKANQQFjACegQIAhAB&usg=AOvVaw0vzryUdVHAILAPLlzzqFYv

If anything, did Jaks the business do anything that was beyond the estimates of analysts that would cause funds to pile investments into Jaks from 2015-2020? I don't see any mutual funds buying.

The estimates and the results of the business through the years had been disappointingly consistent. The management guidance by Steven Ang ex CFO has guided towards the same results, and the CEO alp also has not given any profit guidance for the future.

In the end, has jaks done anything out of the ordinary to give you any confidence or full time bank analysts to revise their estimates for Jaks over the last 5 years? And yet still armchair part time amateur analysts can go saying everyone else is wrong, public bank is wrong and should demand an apology. Jaks should be worth 4.50 etc.

In my opinion, a conservative figure of net profit ( when current earnings from power plant is non-existent), one should use the figures given by analysts and ex-CFO of Jaks as a baseline. The fact that he sold all his shares at 80 cents should give one pause to think deeper instead of saying he is stupid.

I would say anyone not working at Jaks or has direct meetings with them are working with incomplete information, aka speculation.

Since almost all the 5 year estimates have been that Jaks is worth rm1.50 before pp, warrants dilution etc, it would be useful to be conservative to use that as your base level before adding optimism or negativity.

Going beyond that base level is adding risk or removing risk depending on your buying price. Some like DK66 managed to buy at 40 cents to put his costs down at 70 cents. Control the downside and protect the upside. He can sit back and monitor. Some like kyy bought until 1.48, expecting windfall.

What is your conservative figure?

Scuttlebutt.

>>>>>>>>>>>

Posted by johnmasino > May 16, 2020 10:25 PM | Report Abuse

So according to Philip's assessment, we should use the most conservative figure of net profit of just RM14 million which means that JAKS is just worth RM0.21 at PE of 10..LOL