Wow little kid trying to talk about his beliefs, but never bought a single stock in his life or have any returns. Maybe he will short serba.

So pandai, this little kids these days.

Talk so pro, I'm impressed

>>>>>>>

Posted by i3lurker > Apr 16, 2020 7:06 PM | Report Abuse

Aminvest says need RM700 million working capital for the construction project thats why give a TP of only RM1.05 per share.
Doubts whether can get financing during these covid-19 times.

I believe once project hiccups it will be very damaging, most probably result in only price of 45 sen per share.

What new announcement sideincomer?

Ok.

>>>>>>>>>

Posted by Sslee > Apr 16, 2020 5:45 PM | Report Abuse

Haha i3lurker,
I also stop here, since it is too advanced for Philip to understand

Taking credit for other people hard work is shameful.

>>>>>>>

Posted by Sslee > Apr 16, 2020 5:18 PM | Report Abuse

Haha i3lurker,
It already proven when I sell Gkent and Pchem both Gkent and Pchem start to move north. So next time I can hold Philip to ransom to pay me for selling the 1 lot shares I hold so that his millions worth of shares only can move north.

OK.


>>>>>>>>

Posted by i3lurker > Apr 16, 2020 4:25 PM | Report Abuse

I think I better stop giving out free MBA lessons to all and sundry

:)

especially since it is too advanced for them to understand.

I stop here.

https://en.wikipedia.org/wiki/Price_of_oil

You should start donating to Wikipedia before it closes down.

>>>>>>>

Posted by qq44 > Apr 16, 2020 3:15 PM | Report Abuse

USD 5 production cost pluck from air figure?

Teaching kids geography lessons.

The project is in Abu Dhabi, which is in UAE. Don't know how what uae stands for? Go Google it up.

This project is not in Qatar but in Abu Dhabi, the richest oil in town, where their production costs around usd5 per barrel of oil. Arabs have tons of cash to invest in building a tech company in Abu Dhabi.

Why do you seem to think the project is being built in Qatar?


>>>>>>>>>>

Posted by i3lurker > Apr 16, 2020 2:34 PM | Report Abuse

Qatar property market is down.
With oil down.
Embargo/boycott/spate/spiff whatever you call it. It's just war.
With this "war" in place foreigners avoid it as the borders/airport can be locked down anytime.
Qatar funds Hamas so this fact is a limiting factor.

Funds will be limited.
Opening up the property market did not help

Still huge glut.

Foreiners dun wanna stay in middle east especially Qatar any more

Posted by apple168 > Apr 16, 2020 2:25 PM | Report Abuse
Single largest scandal for serba/ Karim....

For the current moment, any earnings or results is not reflected yet. There is definitely a demand and Abu Dhabi definitely has the purchasing power to get this project off the ground.

On the other hand there are 3 listed companies with access to capital markets too generate debt to build the project, as well as bursa to issue private placements logically to do the project, as well as the backup of liwa group which is very established in Abu Dhabi with capability and ample cash.

There is definitely risk involved as I have no experience in the demand for hotels and apartments in Abu Dhabi, but it is offset with the technology campus, innovation hub and academic campus which serbadk does have a lot of experience in.

In fact, they run a lot of training courses in o&m for petronas subcontractor, and they recently bought IT firm in India as well as a few education centers, so I think once completed they will have the capability to run those centers instead of looking for more investors.

Other than that, my information is fuzzy. I will have to monitor and look closely quarterly.

>>>>>>>

Posted by tlchiat > Apr 16, 2020 1:53 PM | Report Abuse

BLOCK 7 INVESTMENTS is 100% owned by EFIRE Capital Holdings Limited. EFIRE Capital Holdings Limited is a joint venture of Liwa Investment Holding of Abu Dhabi and Serba Dinamik Holdings Limited of Malaysia with a built up capital of USD 10 million.Contract was awarded from BLOCK 7 Investments to Serba Dinamik.

https://efirecapital.com/about-efire-capital/

The owner and contractor is Serba Dinamik. Where is Serba Dinamik going to get all the funds from? Serba is now a real estate developer and contractor.

On the other hand, i see the synergy between Serba Dinamik IT and the development. Serba IT has a range of interesting products. Was impressed with the range of IT products.
https://serbaitsolutions.com/

Phillip, what do you think?

Really? You want me to copy paste your boasting for you to see?

>>>>>>>

stockraider It is short term mah....I remember your QL underperform against Insas until the end of 2019 but i did not boast like u mah...!!

This is why we should invest in INSAS instead of "lousy" companies like serba which don't know how to compete with China mainland contractors.

What will I do with my investment in serbadk and the warrants?

Should I sell it after gaining 70% and invest in INSAS instead?

Maybe sslee can elucidate using his long term investment returns in INSAS...

>>>>>>>>>

Posted by Sslee > Apr 16, 2020 10:15 AM | Report Abuse

Dear Philip,
This is my honest opinion.
Many Malaysia companies had tried taking on huge loans to take on oversea projects and many had failed.

So my question can any Malaysia companies compete with Chinese in term of price to price, speed to speed and in government support.

Many China oversea projects, in term of raw materials, equipment, manpower and finance are heavily supported by Mainland China thus they can complete the project in super fast time with after services China engineers running and maintenance the newly complete project for you.

Can any Malaysia companies have these capabilities to compete with Mainland China companies?

Better listen to sslee, he knows what he is talking about.

His INSAS perform far better than serbadk since IPO 3 years ago. And he say serbadk full of debt and all the business in Qatar and Holland company cannot complete with China mainland contractors etc.

Another academic. But talk like expert in serba dinamik long term prospects.

Wait for his next book.

>>>>>>

Sslee If project given to Scib then no hope of completion but if sub to super fast china contruction company then complete ahead of time.
Make your choice.
16/04/2020 10:34 AM

Imaginary stocks again by imaginary investor.

Grow up kid.

>>>>>>>

i3lurker no need talk much
If you buy powerfully, people will follow you to buy.

I just tried this trick few seconds ago on another counter.
16/04/2020 10:53 AM

Raider, my results and record of buying and selling is up there for you to look through. Rocksteady QL, Topglov and yinson give me collateral to do margin buying to buy serba dinamik, gkent, and buyback pchem at super low prices. You can see when I buy and when I sell. Do you really think your results and my results can even compare?

Don't forget, in a few more months you will have to eat humble pie and treat me Bak kut teh.

>>>>>

i3lurker top up at 5.20 and today dropped again to 4.40, loss 60 sens or RM346,000.00 in just 1 day
09/03/2020 7:37 PM

Thanks Evan. But I noticed that one of the co founders and owners of the company block 7 investments is Karim himself. So who will be paying for the 1.78b to construct the project in Abu Dhabi? Who will be the real paymaster? Or is the project funded by serba themselves?

Anyone have any details on who is the parent of block 7 investments llc? It was an inactive company a few months ago, suddenly award 1.78 billion USD to build center to serba. Where is the money coming from?

It is time to do the same to fake investors who can't even about what stocks they are holding and what they're returns have been.

Really no point beating up people who are already below you.


>>>>>>>>>

i3lurker otb

I stopped beating up Calvin and Stockraider and weakcow
they sound more shrill and more desperate every passing day

no point in beating up people who are already below you.

its like a big 20 ton lorry bully a kancil
05/03/2020 12:27 AM

Ok goodbye troll.

Another nice theory with by kcchongz but whose real world results totally different from his estimates.

His results on perstima? Share price drop by half from his estimates in 2017, uchitec? Scientex is the only exception, only because it ventured successfully into property development.
Padini? What is the total 3 year san nien concept earnings using dividends? For his favorite stocks?

>>>>>>>>

kcchongnz Good article to read for most people here. However, this statement here from you puzzles me,

""what is the sacrifice of shareholder value? Anytime a company takes on more outside debt to grow its revenues and earnings, the shareholder value is damaged. Anytime a company dilutes shares to buy companies or gives out dividend, it dilutes shareholder value. (trust me this happens every single time, a company that gives out high dividends usually end up in a bad position)""

Especially the last one.

1) Taking more outside debt sacrifice shareholder value? If return from borrowings great than the costs, it can't be right. This I believe is a typing error from you.

2) A company gives out high dividend usually end up in bad position? A bad position because share price drops? Are we talking about just capital gain, or dividend return is just unimportant and not part of the total return?

I have written a few articles on stocks on high dividends; Padini, Sciientex, Perstima, Uchitech in the links below,

https://klse.i3investor.com/blogs/kcchongnz/62058.jsp
https://klse.i3investor.com/blogs/kcchongnz/128386.jsp

Uchitech in the first link has been a multi-bagger after considering all the dividends and bonus shares although its growth is not worth mentioned about.

In the second link, the total price appreciation is still 60% after 2 years, while the broad market is down by 1.6%, after taking into considerations of dividends.

I have written about many stocks of high dividend yield, and on the whole, they outperform the broad market by a wide margin too.

Most of these companies still grow, but they just need a small portion of its profit to grow because of their high return on capitals, and the rest return to shareholders, to do what they like.
19/04/2019 1:42 PM

I think you are qualified to write a children's book. Or fantasy maybe. Non-fiction is definitely not your forte.

Remember your comments on overpriced QL? And how the entire market dropped by 30% or more? What happened to QL prices then? Rock steady.

And you with your comments and thesis and ideas and strategies on QL? You would have been in hot soup during this period..

While high 50PE investments in ql(food), yinson( o&g) and topglov(manufacturing) remain far above last year prices, allowing collateral for margin to be used to purchase discount stocks at wonderful prices (pchem at 4.09. gkent at 46 cents, serbadk at 1.15).

You never who had been swimming naked until the tide runs out.

I believe you can trust sslee remarks, as it is his biggest stock component. Based on his buying history, sslee has held Insas for the last 3 years, so I'm sure he knows what he is talking about. I believe investors should always start their own trackable portfolio and monitor it over a longer period.

But personally, if you believe that Insas is cheap at 90 cents, at 57 cents it is beyond cheap( sslee has spoken many times that at 50 cents shorted by i3lurker he will take up margin sell father mother and buy every bit of share possible in INSAS).

As you can see from my own buying on margin, my biggest purchases were last month in March, and it has given me good results.

I believe sslee has also benefited buying in the short term Insas at 35 cents.

The trick now is to see what happens in the long term.

That can only come from revenue and earnings increase.


>>>>>>>>>

https://klse.i3investor.com/servlets/pfs/137236.jsp

Kctai3007, I think you will have realized by now that bursa laws and market is a very different animal indeed compared to NYSE or other exchanges. If you come in assuming that the market is the same, companies accounting and management are stringently managed and fairly audited, you will be in for a rude surprise.

I have been investing for more than 20 years and have written a few articles on my bitter experience buying on just accounting and annual reports only, without looking at the whole picture and real world input.

I sincerely hope you do well in your investment in INSAS and that sslee is true In that with no share dilution, clarity after the warrant lapse, many things will start moving for INSAS.

Patience is the key to investment.

Good luck, and continue to keep learning new things everyday. I was on your exact same path before.

https://klse.i3investor.com/m/blog/phillipinvesting/2019-01-04-story188844-How_to_invest_for_the_long_game_without_losing_your_shoes.jsp

Luckily I was young when I made my mistakes, and was able to learn from it and improve on it.

Today I have a nice retirement portfolio setup( with family, friends and some healthy margin from banks taken up during covid 19)

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

Hi kid,

I3 investing started in 2010.
20 years ago, I was still surfing internet using altavista and having a rocketmail account. I don't think you were even born yet at that time.

Your level of lies confuses even your own self.

>>>>>>>>>>

We have known Leno for umpteen years, until I cannot even remember how many years.
Now that I think back it is 15 to 20 years or maybe more.
I dun keep track of such things coz not a kpc on other people.

Your opinion is valid, but still you are thinking like corporate raider.

Minority shareholders like us should never buy a company expecting break it into parts.

If we are doing investing as a minority investor, all we can do is participate in the growth of a company.

You are right in that markets can stay inefficient longer than you can stay solvent. So you HAVE to be very very careful in what stocks you pick and how you buy them.

"Insas is valued at say 10 sen, everyone is better off because they will have got almost 1 inari share per Insas share" - the company is not better off, and neither are long term investors in INSAS.

Fyi, I am interested in what else if INSAS is still very valuable by your standards, if you value Insas at 10 cents, or 65 million in market cap.

>>>>>>>>>

Kctai3007 Philip

Thank you - your points are noted.

It is precisely because Insas is a company with assets that it should distribute its inari shares, because Mr Market is not giving Insas due credit (he is completely discounting the value that inari brings to Insas)

It will be very difficult to change Mr Market’s mind, and I think it would be better for Insas to go it alone without
Inari. Even if ex-inari, Insas is valued at say 10 sen, everyone is better off because they will have got almost 1 inari share per Insas share

Don’t forget, the book NTA of Insas ex- inari will still be in excess of RM2, and the new challenge of the Insas board will be be bridge the gap between the adjusted market price (10 sen) and the >RM2 NTA

Otherwise, it will always be (inadequately) valued by its inari stake and nothing else, which is a shame as the rest of Insas is still very valuable
16/04/2020 7:15 AM

Bye troll, lucky for you this year no upsr or pt3. Otherwise you have to repeat a year.
Please stick to investments, no one is even remotely interested in your purchasing history, or even your existence.

>>>>>>

i3lurker
Philip's comments are mostly lies.
He makes wild accusations against all and sundry, all from his imagination.

Hi kctai3007,
Firstly, my advice is to ignore Leno. She is a troll who doesn't make sense and keep talking bullshit. She has bought and sold INSAS many times in the last few years, making a profit or not I have no idea, but definitely not a long term holder of INSAS.

For the second item, what is the benefit to INSAS the company to distribute shares in inari in this way. You already know that it's biggest earnings come from dividends generated from inari payout, and also the share sales of inari.

If they were to distribute shares of inari in this way, you would sell everything, dump INSAS and go along your merry way. What is the benefit to company for doing that?

The goal of ANY business is to generate more revenue and earnings, reduce more debt than last year. By selling inari( giving away), the company would lose a huge shorter of earnings, that can be reinvested. Why?

Personally, if I was a company director would you cut off your arm to give away to traders and speculators who will leave you immediately when times are bad.

That is a big reason why Berkshire does not give out dividends.

1. They can compound earnings better than you.
2. They don't want short term investors.

The only reason why you would still be holding on to your INSAS shares is because you are definitely holding it at a loss. You are not interested in buying more in a wonderful company, because you know Insas is not a wonderful company. Just an average company with assets. Your plan of earning money within 6 months has turned into a forced long term "investment" because you are losing money on your stocks.

If you want to do short term investing, the learn how to cut loss. If you want to do value investing, then you need to know how to buy consistently during discount day sales.

But one thing you need to understand, INSAS is not a wonderful company, never was. It is an average company with ASSETS. That is all. You need to know what type of company you are buying.

>>>>>>>>>>

Kctai3007 Philip

I wish to return to the inari issue

You talk about dumping the inari shares in the market but I am talking about distributing them as in-specie dividends to the Insas shareholders, some of whom may wish to retain the inari shares (especially DSThong who will get one third thereof or over 6% of inari)

Even if say half of the 19% are sold, the market will be able to absorb

Furthermore, Insas need not distribute them at one go, and can do so gradually
15/04/2020 10:13 AM

Honesty is expensive, so don't expect it from cheap people.

RIP i3lurker, big liar who buys 100k of things from Lazada.

So meaning still another useless troll, so when gdex doesn't perform he says oh I never bought said it was a good company, I just recommend a stock to tip. I don't buy stocks. I know nothing about investing but have 3000 investing postings on a financial forum.

What a waste of time.

Ok another idiot to ignore who gives investing recommendations but without any investing capability.

Only in Malaysia forums you see so many of these Jokers around.

So irresponsible.

Then what are you doing here? Cannot talk bullshit crap elsewhere? Your own blogs and investment section not popular?

Gdex 0.2
Star 0.26.

I am just wondering at idiots who say any stock they pick is 1000x times better than star, and they can be a better ceo than anybody at Star.

Frankly I also don't give a damn on trolls except that now I can finally judge your quality of investment with a stock pick like gdex based on.... "Growth".

Looks like you are a really a simple child.

>>>>>>>>

Posted by i3lurker > Apr 15, 2020 7:15 PM | Report Abuse

I live my life, whether Philip buys or sells does not affect me.

Will Philip give me any money?

Frankly I dun give a damn.

The epcc contract is finally announced, I had received some need soon this previously from my o&g friends regarding this award which led to me piling the trigger on my recent purchase into serbadk. The issue now is to understand the profit margins and serbadk capability and scooper of work.

Will they end up like a sendai quoting low prices to grab orders, or will the turnover and results be enough to give a healthy profit to the company?

Time to monitor and follow up.

>>>>>>>>

https://www.theedgemarkets.com/article/serba-dinamik-bags-rm771b-contract-abu-dhabi-project

So now we know the truth, you are just another gambler buying a stock based on 5+ year track record of misprice undervalue stock INSAS with a poor record and unhappy when someone criticizes your stock, as you have wished for the last few years for INSAS to track it's "accounting" value of rm2.6.

I would be unhappy too if someone criticizes my investment into topglove, QL, yinson for simply being high PE( therefore bad investment)

The difference is, I look at my track record and then I compare those results to those touted by those who criticize my picks.

CharlesT - mnrb
Stockraider - sapnrg/insas
Calvintan - netx
Sslee - INSAS
Kcchongz - latitude/flbhd
Choivo - petronm/rcecap

Then I realized, you guys have no idea how to pick stocks but see fit to criticize others?

So I keep quiet and let you criticize while calmly holding on and buying more into my yinson, ql, topglove at pe50+. And I just continue monitoring every quarter to see my long term stock results performance.

I realized then,

I just wasted good money buying kcchongnz books which I could have night a nice cup of coffee at Starbucks and read through all of Howard marks memo, Berkshire annual letters and had the same result.

I rest my case. You are a petty man, small minded and unable to explain why INSAS has been undervalued for over 5+ years.

Grow up.

>>>>>>>>


I fought for the truth and voice out for all minority shareholder in INSAS AGM and had been telling the truth on the reason of not SBB but it was you refuse to accept the truth and come out with many of your imagination of cooking the book, money in bank is fake like Xinnguan and smearing the good name of BOD which I make effort to know them and befriend them whereas you keep saying all kind of negative things without making any effort to know them.

Fyi, I have been a part of OTB subscriber group before, and learned a few things from him, so know what I am talking about. But I have never followed his picks, which do not suit my investing style. But I did learn a few new things from him, and others.

Sslee, have you ever attended kcchongz class or bought his stock pick? Or attended OTB class? Or talked to Felicity, Dr neo and other real investors?

Or did you think yourself super smart enough to simply buy stocks after reading a book and thought you will do well?

Did you buy hengyuan,dayang, carimin, Xinquan, INSAS etc by following stock tips from kyy and kcchongz without understanding their investment methods for yourself and monitoring over a longer period before buying what they buy?

If you did those things before than you have no right to comment further.

I recommend you shut up before doing further damage to UM graduate reputation of hard work and excellence.

I suggest you recall what UM motto is.

The problem with sslee and kcchongz is that they have a simplistic model of how investment should work. They are still stuck at that ben graham stage of cigar butt investing. Warren buffet changed after he starting working with Charlie munger and changed his concept to buying wonderful companies... At fair (not cigar butt) prices.

I respect Felicity and otb and Dr neo because they concur my sentiments, one list continue learning and evolve their investment methods.

OTB uses both technical analysis and fundamental analysis to buy a stock.
I use both fundamental (Graham) and qualitative ( munger) mental model analysis to buy stocks.
Felicity tried to understand companies the best she can, and buys small amounts to do it.

Only poor individuals sslee and kcchongz still stick to blind concepts without improving their long term results.

If choivo can move past buying net nets valuation, why can't you?

Who is the one learning new things every day, and those stuck doing the same thing over and over?

I also had a 7 year lucky break in yinson, 9 year lucky break in topglove, and even multi year good luck in public Bank which I sold luckily just in time.

As for saying that qualitative way is the only way? When have I ever said that? I consider OTB, felicity and Dr neo excellent individuals to learn from in shorter term investments. But definitely not sslee, kcchongz and a few others I have no respect for.

What I do have a problem with are individuals like sslee, choivo and kcchongz who go around talking bad about other individuals investments in QL just to defend and prove that their investments in INSAS is much better ( hah!).

However when holes are poked and investors complain, all they can see is the folly of their investment methods.

Kcchongz is a simple hypocrite. He talks about not listening to stock picks, and yet sells stock pick services with a time frame of 3 years ( which turned out badly in the 1st or even second year onwards, proven). And yet he(as well as sslee) says bad things about my long term investments in QL as great storytelling of how pe50 companies are bad investments if bought at the wrong price. Guess what collateral is feeling my margin buys during this period? Ql and topglove and yinson.

Well... His stock pick services into INSAS is also a bad investment over a 3 year period, despite being a super value play. So is his homeritz, padini, latitude, focus lumber etc etc over the "medium" term.

As for sslee, he is just an "unlucky" individual. Over the last 5 years, while I've been lucky enough to buy and hold stocks by looking at prospects instead of simply PE, my "overvalued" picks in QL, topglove and yinson continue to remain higher than 2019 prices, and allows me profits that can be turned into margin to buy my other discounted stocks at 10 year lows prices. Do you not realize the value in this?

Meanwhile sslee forays into magic number, magic formula, ultra value stocks in xinquan, hengyuan, INSAS have all proved to be disastrous. Luckily he doesn't know how to use margin properly, otherwise he would have found even more problems, as his insas dropped to 1/3 of his 2019 prices at 90 cents to 35 cents. Only an idiot would consider this a good thing over the LONG term.

So again I repeat, I have never once said my way is the only way and everyone else is foolish. I consider Dr neo, OTB and Felicity very good examples of different was ways to invest probably without "following" my way.

I only consider sslee and kcchongz investment methods to be wrong and useless in building wealth long term. Their results shows, and the way they defends their investments not by showing good results in their stock, but by criticizing other individuals stock picks ( which turned out pretty good I would say over this crisis ).

When commented, instead of showing good results, kcchongz started criticizing the qualities of pchem and QL instead of showing his own good results on his stock picks.

When commented, instead of showing good results, sslee starts criticizing the qualities of QL and serbadk instead of showing his own good results on his stock picks.

For reference, here are stock picks from someone I really respect.

Brutally honest, trackable, beautifully arranged and measured as as a real portfolio.

http://www.intellecpoint.com/p/position.html

I respect her far more than this fake "sifu" kcchongz with his blathering and book writing while never once maintaining a proper and honest trackable portfolio.

One thing I do agree with, investing with a 3 year minimum holding period is a good benchmark for value investing.

It removes volatility out of the picture, and in the end the business itself becomes the source of investment results, the gain in revenue, earnings and cash flow.

But where does the gall come from a "investor" with results such as this, expecting us to buy his book with these results?

It is no different than a Jonathan choivo charging 5k for his research into rcecap, or many other trader "sifu" seeking subscription services.

With these long term results, I would have done better to invest my money with felicity, and her child college fund would have given me far better results.

I might as well have put money in Berkshire Hathaway, bought the b shares, saved the money on stock tip service, sleep well at night.

Kcchongz results are akin to throwing a dart at a board for stock selection, with similar results.

His third sick pick service ( oh wow so nice), another 3 years holding period experience ( OK!) 12/1/2018 period.

1. OKA
2. LUXCHEM
3. Insas
4. Skpres
5. Homeritz
6. Stock d ( let's assumed it was datasonic to give him a winner)

So..... One winner in his 3 year value investing plan?

No wonder...

Don't listen to stock tips... By kcchongz.

Cos he can tell you where to fish, but since he doesn't know where to get one, you can be sure you probably won't either.

Please ask me how much kcchongz charges for his stock tip services!

Please?

I absolutely loved this article, and his 3 years concept:

I like the song so much that I have even incorporated in my investing timeline, that investing for building wealth is a long-term endeavour, a minimum of 3 years, using fundamental value investing (FVI).

He even give his 15/7/2017 prices ( so helpful),

Kesm
Opensys
Wtk
Magni
Favco
Zhulian
Padini
Superlon
Latitude
Hli
Oka
Luxchem

Would you have paid for a 3 year stock pick services for results like this?

Again, no wonder he had to write a book, sell stock pick services, sell subscription classes.

The destruction of value ( and time) by buying and holding this stocks over 3 years for a return that never came.

Don't listen to stock picks indeed.

>>>>>>>

https://klse.i3investor.com/m/blog/kcchongnz/2017-07-16-story127935.jsp

His 2017 stock pick service results ( look at the 3-6 year results)
https://klse.i3investor.com/blogs/kcchongnz/2017-07-16-story127935.jsp

His 2018 stock pick service results
https://klse.i3investor.com/blogs/kcchongnz/2018-01-13-story144144-How_to_benefit_from_my_stock_pick_service_kcchongnz.jsp

His 2019 stock pick results
https://klse.i3investor.com/servlets/pfs/116402.jsp

Every year new stocks to pick. What to do? Selling stock picking services.

Results? 3-6 years for value investing, or short term 6 months to 1 year selling

Bah, I've had enough of this fraud and hypocrite.

The only reason why he likes to talk bad about other investors with results is because he simply doesn't have the results to match.

Give me OTB, cold eye, Dr neo any day.

Utter hypocrisy.


>>>>>>>>>

How to benefit from my stock pick service kcchongnz

Don't listen. But you can pay me for my services.

>>>>>>>>

https://klse.i3investor.com/blogs/kcchongnz/2018-01-13-story144144-How_to_benefit_from_my_stock_pick_service_kcchongnz.jsp

Empty claims in a forum design to make money from gullible investors?

Exactly. The Mary buffet style of making money.

Step 1, use the buffet name and reputation. In this case ex-daughter in law.
Step 2, don't show your stock picks, your long term results and hide the truth.
Step 3, sell speaking engagements, classes, stock pick services, write books.
Step 4, act righteous. " Don't listen to stock tips". Yeah right.
Step 5, rinse and repeat.

As for honesty, well....

>>>>>>>>>>

Sorry, I seldom share stock pick in public forum any more, for the simple reason that I can’t be right all the time. if I am right, even every time, you won’t thank me. But if I am wrong just once, you will scorn and ridicule me. So, what for?



However, I do have a stock pick service giving to my past and present investment course participants. This service come with detail analysis and valuation of stock picks, plus carefully selected watch lists. They can evaluate and understand my investment thesis and make up their own decision. They don't blindly buy what I have written. I am glad to say that a number of them have obtained about 30% return from less than a year ago, with the highest at 33+%.

Did I ask anyone to follow me around without ability to think?
Did I tell everyone not to use margin?
Do I sell books or run classes to pay for my income?

Why would I borrow money to buy QL when current management is already doing a good job far better than I could? Unlike INSAS which you and nzchong seem to like so much, which cant even grow earnings and revenue

I'm not the one saying I have medium term investments with 5 year timeline.

I'm not the one caught saying I think focus lumber is a good long term stock. Nor latitude tree. Nor jobstreet. Or in fact many of the value STOCKS that he has written about through the years.

In fact, kcchongz has written so many promotional articles he himself seemed to have forgotten all the lemons that he picked. Making me wonder in his actual portfolio that he holds. But he sure can say others are good storytellers.

The simple fact is based on all of his articles that he wrote ( I have read all of his articles he posted in i3 through the years.) I have read all of icon8888. I have read all of Jon choivo. I have read all of OTB, all of kyy, I have in fact even read all of the blog written by you,( which is a waste of time as majority is non financial, useless in a financial forum).

I do my research. Have you?

The simple fact is: I believe his writing and choivo is about the same(wonderful theories), with the same subpar results. The only thing is I don't have is his personal portfolio results to compare. But if I did, I believe his long term results would clearly show, he is as qualified to write a book as Ricky yeoh or jon choivo. Or sslee.

Why do you think he sells his books in Malaysia? Because here still full of un-intelligent investors who have never heard of the term "value investing".

If he tried the same bullshit in Australia, USA, Singapore or UK he would be laughed out of his ass. No results, no returns, no long term portfolio. Nothing. Nada. Zip.

Come on, grow up. Learn. Evolve your investing methods.

Realize one simple fact, anyone who wants to be a flight instructor should have a license and a credited thousand hours of flight time, right?

If someone criticized others ( kyy, myself, others) to make it seem as if his investment philosophy is so good, it should be backed by some form of results based portfolio right?

Guess what? His performance is subpar, to say the least.

>>>>>>>>

Tell me do you want everyone to just follow you without their own ability to think? Or how many people can be as rich as you to average down your downtrend Gkent and Pchem. And tell me frankly if you truly believe in QL why not you write a proposal to any banks to borrow money and buy over QL and see for yourself what the banks will responds?

What would have happened when you listened to sifu kcchongz and followed his advice to buy and hold focus lumber as a value stock over the long term?

I guess you would probably have to write a book and teach people how to "invest" to supplement his income.

I sure wish I could write so succinctly... Then I wouldn't have had to invest like my life depended on it.

>>>>>>
Tiger66 The Art of Successful Investing in the Stock Market kcchongnz
FLB drop another 30% (I never ask you to buy but I teach you the art of successful investing in stock market) very interesting huh huh huh
23/08/2016 2:16 PM

When funny authors write books like these, I tend to laugh out loud.

At the stock "crash" of globetronics, if the investor had continued buying every quarter instead, his averaging down and up every quarter together with dividend reinvestment would have lead him to a nice like indeed in 2020.

Good company? Sure. Smart investor? Kcchongz is a short term investor, don't fool yourself.

Wonderful companies become risky when people overpay for them.” Peter Lynch.

As for focus lumber,

"At RM1.72 now, I think Focus Lumber is a great value stock to invest for long term. But why is there no interest in this stock? Once bitten twice shy?"

And latitude tree,

"At this price, PE ratio is only 6.4, considerably below its historical PE ratio, but nobody talks about it at all."

I leave you to consider the quality of someone who once wrote of how he could estimate the future EPS of latitude 10 years into the future. I wonder if he still remembers the gaudy numbers he gave, because I certainly do.

Focus Lumber
I have written about Focus Lumber before in the link below:
Focus Lumber is another great company. Just before it announced its third quarter results for period ended 30th September 2015 somewhere on 17th November 2015, its share price jumped by 70% within 3 months from RM1.84 to a high of RM3.09 on January 12 2016 as shown in Figure 2 below.
The results show the vast improvement for the third quarter 2015 with net profit increased by more than 200% from RM3.3m to RM9.6m for the corresponding period in 2014. EPS, as a result, also increased by more than 200% from a EPS of 3.2 sen to 9.4 sen for the quarter.

Some investors who purely base on a single metric of “Profit growth”, without considering where this “growth” comes from, saw a great opportunity and annualized the EPS by multiplying by 4 to the single quarter exceptional result and obtained an expected EPS of 37.6 sen for the next 12 months, and chased the share price up to more than RM3.00 in early January 2016.
However, many do not care about its financial statements and failed to see that the greatly improved result for the third quarter of 2015 was in a major part, due to the gain in foreign currency as a result of rising USD against Ringgit from the beginning to the end of the period, a one-off item.

When the next quarter showed a reduced profit from the preceding quarter due to some recovery of Ringgit against USD, investors dumped its share, resulting its share price dropped more than 30% to less than RM2.00, in less than two months. It closed at RM1.72 on 19th August 2016. They would have lost a total of 44% in less than 8 months.
Again paying too much to chase the illusive growth story, without understand where the “growth” comes from, is hazardous to one’s financial health.

At RM1.72 now, I think Focus Lumber is a great value stock to invest for long term. But why is there no interest in this stock? Once bitten twice shy?

Latitude Tree
Latitude Tree was and still is a great company in my opinion with high return on capitals, excellent cash flows and a good growth story. I personally have written a number of articles discussing about it, including a number of other furniture companies.
Latitude Tree was heavily promoted in ********** when it was about RM6.00 sometime in November 2015. I was a contrarian then and I have written my last article on it discussing about the cyclical and the power of mean reversion in investing in the link below, and hence put forth my opinion that at RM6.00, it wasn’t cheap any more.

Latitude Tree’s share price continued to climb to above RM8.00, pushing its PE ratio, based on the latest and historical highest earnings per share, to about 12, way above its historical PE of single digit number.
I did hear some investors making hundreds of million investing in this share when its share price climbed from RM6.00 to above RM8.00. But how many retail investors lost big when they bought at about RM8.00 and now the share price is lingering at RM5.15?

At this price, PE ratio is only 6.4, considerably below its historical PE ratio, but nobody talks about it at all.
Figure 3:

Conclusion
Most investors chase the growth story, buying stock without having an idea the value of a stock. They usually follow some rumours and hypes, taking the road where the greater fools go. They buy stocks when they are selling at high prices, hoping someone else will buy from them at even higher prices. They paid too high a price for some growth expectation, expecting trees to grow to sky. The end result is, most of them lost money when there is a double whammy; that they pay too high a price for something which eventually did not materialized.

The only way to have a higher probability of success for retail investors in the jungle out there is to have some knowledge of the business, and know the language of the business, that is the ability to read and interpret financial statements, and have a feel of the value of a business, i.e. to know how to carry out at least some simple valuations.

If you know how to do the above, you would be able to buy some great companies selling cheap.
Sure, everyone makes mistakes in his judgment. I have my share of those too. Investors must realize that the stock market is unknowable and unpredictable. One must know what he may not know, especially about the future. Even Charles Munger said this,

"IInvesting is not easy; anyone thinks it is easy is stupid".
Know and understand the relationship between price and value. Understand risk, recognize it and control it.

And that is what I try to teach you. And if you are interested to learn about them for a small fee, because you want to have a higher chance of getting satisfactory return of your investment in the long run

The Art of Successful Investing in the Stock Market kcchongnz
Author: kcchongnz | Publish date: Sun, 21 Aug 2016, 02:20 AM

I read a good article when the author describes on hindsight in the link below that investors could have avoided losing big money in Globetronics if they were aware of the cognitive behaviour of confirmation bias and have done some detail business analysis.
Frankly, readers would benefit much more by reading this type of sharing, rather than those boasting how much they have made in the share market, and encouraging you to take excessive risk such following the greater fool theory and using margin finance to boast your return and to become multi-millionaire overnight.

Here, I would like to share what I had seen for the same stock, Globetronics, how investors could have avoided some heavy losses, and for a couple more stocks, Focus Lumber and Latitude Tree, if they know and care to carry out some quantitative analysis and valuations.

Globetronics Technology Bhd
Globetronics, a great company which I will describe later, had its share price plunged by 55% in less than 8 months from RM6.50 at end of year 2015 to RM2.90 at the close on 20th August 2016 as shown in Figure 1 of its share price movement below.
Anyone who has bet big on it with margin finance would have lost everything in just than 8 months. Why not bet on it? There are numerous reasons why an investor would “sailing”, or bet all on it.
Figure 1:
When Globetronics announced its fantastic result for year ending 31st December 2015 on 23rd February 2016, I did take a good look at Globetronics with the intention to invest in it.

Earnings per share improved (again) by about 15% to 25.3 sen per share from the previous year. Return on capitals were again great at more than 20%, more than twice its costs of capitals. Cash flows were great too. There had been profit growth every year since many years ago. This is what I would classify as a great company.
However, bear in mind a great company is not necessary a good investment, provided that it is selling at a reasonable price. So was Globetronics selling at a reasonable price at RM5.95 at that time?
PE ratio was at 22.3, not really expensive as the company has excellent growth in the past and beautiful operating numbers. However, Enterprise value was 17 times earnings before interest and tax (Ebit). This is definitely on the high side for me as it is two and half times more than what I would pay for an ordinary company. Oh yeah, I like growth, but I am cheap skate as I won’t pay much for it.
I did a discount cash flow analysis from the fundamental aspect assuming growth is internally generated through return on capitals, assuming a bold 15% growth for the next 5 years and 5% subsequently. I was only able to get an intrinsic value of RM4.15, way below its price of RM5.95 at that time.

With that market price, investors were expecting Globetronics would continue to growth at very high rate of more than 20% as before, and with margin expansion and higher return on capitals, and hence willing to pay a high price.
I gave up the idea of investing in it as I think it was overvalued at that price.
Shortly after that, the growth expectation did not materialize, and profit plummeted the last two quarters. With the high price paid by many investors, it was a double whammy, and the rest is history.

“Wonderful companies become risky when people overpay for them.” Peter Lynch.

http://www.intellecpoint.com/2017/03/what-is-not-rightly-written-on-jaks-by.html?m=1

Rings true far truer today than ever.

In a way, facility's article rings far more true today than at any point point in recent years. History repeats.

>>>>>>>>>>

http://www.intellecpoint.com/2017/03/what-is-not-rightly-written-on-jaks-by.html?m=1

I hope you are happy tradeview, forcing an old man to admit his failings in public.

Not to mention how evil the investment bankers are, leaving him with only 10% of his wife. How much are body parts with in Malaysia these days.

You should always treat buying stocks like buying into an existing business, instead of buying scraps of paper to buy and sell.

And margin... margin should be applied with utmost care, and treated like a racecar. Driven safely, you can win the race. Lose control, and you might not even walk away from the crash.

If you can learn a lesson, understand that margin is a very dangerous tool, you could even lose your wife.

>>>>>>>>>>>>

I am so ashamed to admit that I lost about 90% of my wealth in the last few weeks when all my investment bankers forced sell a large portion of my wife and my holdings.