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.

Since i3lurker is taking a position against me on star media group, I will add a small position, and monitor how it goes. Oh look, it's up from the price I bought it this morning.

4% up and a 7% dividend to look for to.

When price is cheap at 6.50, you complain. Then 6.90 you complain. Now 8, you still complain. Every day complain.

We are not talking about buying price here, but what companies are reliable.

>>>>>>>>>>

Posted by stockraider > Apr 14, 2020 10:00 AM | Report Abuse

But if u overpay like QL now....u need to ask...will the company going to goreng or not loh ???

The answer is very simple. This happens all the time because investors buy based on future results, not past history. Everyone always forgets that.

If you know what the results of hengyuan, latitude and jobstreet was going to be in 5 years, how much are you willing to pay for it then?

Imagine if you are buying a house with millions today. If you find out tomorrow that a giant sewage treatment plant was being built next door, what would be the price tomorrow?

As for that 19%, do you think if you suddenly dump the entire amount tomorrow you will get 800 million in cash? Share prices are very volatile things, and INARI has dropped from 2.50 to 1.18. do what is a share price? It is merely the confidence level that Mr. Market has in the company and its ability to produce earnings, revenue, and retained assets that can be given out to owners.

Inari is worth more than INSAS because of its commitment to growing its revenues and earnings, and sharing those earnings with its share holders.

INSAS is worth far less because it is not interested in sharing it's earnings with shareholders, unless they accede to major shareholder requests. But who wants to be a beggar, or stupid enough to lose something to gain less.

A fairer move would be for Thong to sell half their shareholdings to 15%, and let INSAS do SBB so their ownership goes back up to 33%. But then more excuses come up. And so on

In the end share price is about trust, industry, management, just as much as assets.

The moment you can feel no honesty and trust from management like Jaks, protasco, insas, xinquan, no matter how much money the company has or how much it earns, we should stay away.

This is a part of quantitative investing that can only be gained through bitter experience.

Good shareholder centric management works in a very clean and simple way. Public Bank, QL, topglove, PCHEM, even gkent and yinson are very deliberate and transparent. Their message is the same, no hidden information, very little share dilution, growth is usually not at the expense of shareholders.

Warrants are a good thing? Esos a good thing? Preference shares good thing? Private placements a good thing? None of those reward existing shareholders, unless you are have been brainwashed. All of these things done has to be weighed by the growth in earnings and revenues.

That is how one part can be with more than sum of parts.

>>>>>>>>


Kctai3007 From an investing viewpoint, how is it possible that Insas’s 19% interest in Inari (RM800m) is worth double the entire market capitalisation of Insas (RM400m)?

How can one part be worth more than the sum-of-the-parts?
14/04/2020 7:52 AM

Investing is a marathon, not a race.
If everyday they can buy back 100k shares, in a month they will buy back 3 million. In a year they can buy back 36 million shares. Don't
At nosh of 538 million shares, that is not a small thing, to increase your ownership by 10% without doing a single thing.

For me far better than dividends. If they announce a 1 cent dividend, I will have around rm68k+, which I can buy around 100k shares, which I can only increase my shareholdings by 1.47%.

So for me, I don't really worry about the share price except when I am in the market to buy more.

That is why you rarely hear me talk about share price this and that. I prefer to delve on the bigger things like if the company revenues and earnings are real, will it go bankrupt, what is the source of revenue in the next few years, how to replenish order book etc.

That is a far more pertinent and useful question, rather than asking why so many seller. Just be glad that the company is aggressively buying back shares. Some companies that are very "undervalued" don't even do SBB. And when the directors are questioned why they don't invest in their own company, thousands of excuses come up.

>>>>>>>>>>

Posted by SHQuah > Apr 13, 2020 5:51 PM | Report Abuse

Philip....how I wish you are a multi millionaire. Today SBB also cannot support the price. If you are Gkent boss, I am sure the price above $2. Just don't understand why so many seller ?

I stop at criticizing INSAS and NETX because both sslee and stockraider have the same response as bitcoin speculators when people criticize their investments.

I don't think they are value investmests at all. In fact, I believe when the next qr for mar 31 comes out, the unrealised losses from fair value of financial assets, coupled with lower dividend from inari will bring a negative share price drop in earnings for INSAS.

Undervalued? Sure thing.
>>>>>>>>

https://youtu.be/NBVDqAHQ4-M

One day you will learn, it is really hard to go bankrupt if you don't have any borrowings, and no annual losses.

I think star is worth 15 cents

Oh really?

Gdex share price today 13 April 0.2.
Star share price today 13 April 0.26.

If that is the basis of your analysis, no wonder you don't buy any stocks.

>>>>>>>>>


i3lurker thats just because Philip selected a "very extremely low level" company.

My point and message is that,
I simply throw a stone and hit one.

I just simply select any other company in the "twenties price range" like Gdex will be 1,000 times better than Star

What is a TP?

Finally we see the quality of your investing.

>>>>>>>>

Posted by i3lurker > Apr 13, 2020 9:52 AM | Report Abuse

Philip keeps on pressing me for stock recommendations.........

well here you are!!

BUY Gdex at 20 sen

rationale => growing business, buy the growth while its still cheap.

If this happens the pump and dump plan will be excellent.

The star is already being valued at below liquidation prices.

With net cash and zero borrowings of 380 million it is already selling at a steep discount.

While waiting for the 50 million bank guarantee from JAKS ( have they paid that yet?) Which was approved by the appeal courts to be paid for LAD delivery since 2018, they are very behind time.

On top of that 140 million sale of land at seksyen 13, they still are owed the tower A of offices for the Star new building.

Yes their position is tenuous, with falling readership and dissapearing earnings.

But I believe they do understand that digitalisation is the way to go, and as long as they are not losing huge amounts of money ( already passed the MSS layover phase), they are a very tight ship now which I do believe should work out in the short to medium term.

Their circulation is still the biggest.

your prediction genting >4 next week is chun chun call...

To be honest, I really dont see the problem, as per takeover code, they can stop taking in MGO at 50% ownership. They currently have 33%, so they only need to obtain another 17%.

The rules state that the MGO has to be taken at the highest point within the past 6 months, or giving offer for a period of 21 days.

With the NTA and assets of RM2.65 (according to stockraider, RM3.6?), They can easily begin a huge buying spree and buy 10% of the market cap (38.8 milion) at drop down prices of RM0.56-0.72, and initiate MGO for the rest of the 7% at RM0.9. So for slightly under RM90 million (which they can easily borrow from the bank to cover assets of 1.6billion/2 (800 million)), they can make a unrealized profit of 700 million.

What bank would not cover that loan? How could they be so blind?

Why need a MGO waiver?

But a simple coffee and meeting with investment bankers and professionals regarding their opinion on this "deal" and the reputation of Thong in the investments circles, that is simple scuttlebutt at its best.

Instead of hours asking Thong why he doesn't buy his own shares, a few minutes asking other investment bankers and fund managers why they avoid buying shares in INSAS would yield a very different picture indeed.

But then again, they might just be jealous of the investment and business picking capability of Thong and their family, and INSAS will be a wonderful investment in the near future.

Who knows?

But I think the best qualitative view of INSAS is to treat it like a closed ended fund similar to ICAP business model, except they invest more in startups and microcaps. Rather than assets and dividends, look towards the earnings and revenue growth of all the subsidiaries and stockholdings of the company to define your investment philosophy in INSAS. If INSAS babies are consistently growing and building revenue without needing money from mama insas, then it will be a wonderful buy.

Else, the warren buffet view holds,

“Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce — gold’s price as I write this — its value would be $9.6 trillion. Call this cube pile A.” [Gold @ $1400 Sept. 3, 2013 but overall point remains valid.]

“Let’s now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400 million acres with output of about $200 billion annually), plus 16 Exxon Mobils (the world’s most profitable company, one earning more than $40 billion annually). After these purchases, we would have about $1 trillion left over for walking-around money (no sense feeling strapped after this buying binge). Can you imagine an investor with $9.6 trillion selecting pile A over pile B?"

Earnings and revenue growth always wins over shiny assets.


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

Even though I did some analysis and was fully aware that o Insas had shown poor business management performance indicators over the years , e. ROE and ROA (< 4%), very low DY, .. that Thong did not have a good reputation in the investment circle, Insas-WA (EX price > RM1.0), still fallen trap to nfor being disseminated in forum. Sigh !!
12/04/2020 12:51 PM

I3lurker if you look back at your last 5 pages of comments, you will quickly realize you have not given a single constructive comment other than bandying Troll remarks.

It would be good if you can actually spend time to talk about stocks that you actually holding or would buy.

Easy to be negative with everything and anything. But if you don't actually talk about buying stocks or stock valuation, what are you actually doing here???

Facebook is somewhere else.

Not permanent probability. It's a tapered reduction, with heavy reductions this month and slow increase in production every few months.

Those are all private companies bobii, and start has 390 million on cash, a printing factory, publishing license and a bunch of condominiums and offices.

And zero debt.

But to be honest, only the proper application of margin has currently helped me reduce my unrealised losses. By constantly averaging down, I think this will be a wonderful crisis to build up your next fortune.

The sad thing that I realized? The stocks that I bought based on good dividends, low PE and strong cash levels seem to be underperforming, while the stocks that everyone seems to be criticizing me for holding long term for having PE of 50+ like QL and Topglove, they are the ones fuelling my heavy margin buying in 2020 without a single margin call.

They haven't let me down, or dropped below last year's prices a single time.

In the end the trick is still to buy a stock based on its future revenues and earnings. Not it's past dividends, assets and cash. But without having a crystal ball to see the future? That is where the accounting stops and the investing at begins.

In a way, koon yew yin golden rule is true. It's just that he simplified things too much into a simple set of rules without understanding that businesses, management, industries and competitors are a dynamic set of factors and you can't simply investing to just a few vectors.


>>>>>>>>>

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

Who should I trust? A half baked article written by KYY saying that the trailing PE of glove stocks has gone to the moon and will always crash? Or management orders who I paraphrase" overwhelmed with orders from international customers. Panic buying. Usually buy 10 containers but now order 20 containers."

I am starting to believe KYY is more a lucky buyer and using marketing promotions and margin levels to overwhelm penny stocks and buying up the liquidity to artificially raise demand by reducing supply, instead of investing in companies that actually perform over the long term.

Poor young ikan bilis.

>>>>>>>>

https://klse.i3investor.com/servlets/fdnews/248240.jsp

Funnily enough, he then goes around and starts badmouthing other stocks again using just one valuation factor again ( high PE) while saying topglove and hartalega overpriced.

To me he has become another sslee and choivo who simply thinks a stock with high PE is bad and will crash, without understanding that all of topglove and hartalega lines are full, they are running 3 shifts a day with full government support, and their orders has increased to its maximum limit by 50%.

And still be thinks share price and of PE should be based past historical results, not future earnings.

They never learn.

Cash will always be cash and it will always be there, especially backed by good dividends.

I believe that Star Media Group has all the tools and weapons to compete in the market. They still have the biggest subscription markets of English newspaper in Malaysia.

That is the difference between it being a screaming buy for me and a cigar butt company in my book.

But you are right, current management does not know how to monetize content and produce it effectively currently.

However with the right CEO and mindset in play, I think they can easily break the current price, which is selling below net cash levels.

This is how I look at it currently and why I believe the Star will be a penny stock that can be invested in.

Turning the business around is definitely difficult, but not an impossible task.

OK.


>>>>>>>>

Posted by qqq33333333 > Apr 12, 2020 11:48 AM | Report Abuse

Jaks vs Gkent end 2019

I offered you several times but no response from you....

so technically, I won, u didn't lose.

I would suggest you finally start buying stocks instead. Make a stand, make a position. Stop trolling and show some guts.

Just remember the price of failure.

>>>>>>>>

Posted by i3lurker > Apr 12, 2020 11:35 AM | Report Abuse

maybe I should short QL?

I believe the results speak for itself. If you ignore the blip that was the trading done by OTB group to push the price up to 1.18, and the subsequent crash. If you had bought and held, at today's price of 0.59, you would still have had a 20% unrealised profits over a 1 year holding period.

I wonder how the stocks that you did invest in turn out.

I hope you will share your stocks that you did choose instead and your results, Eddie.

>>>>>>>>>>

The management team must really up their game like what their competitor does, by expanding their market base. The management is a little bit conservative in that sense.

I am still very unsure whether to invest in this Company. Appreciate if Phillips can shed some light into the future business performance as you know so much more about this company than us, when you have family members as shareholders and employee of the company.
05/11/2019 11:05 AM

Spoken like a child.

>>>>>>>>>>

i3lurker any other person, even me, can be a better CEO

how difficult is that?
12/04/2020 9:48 AM

Very interesting.

On what basis do you say the Star Media Group is near bankruptcy? Is this another speed of light insights that you have where you went back to the future and saw the LIGHT?

this is a fact based investing forum. Please limit your insights to non-fiction.

Or give exact details why the accounts and business fundamentals of the star Media show losses every year, heavy debt and huge creditors which will lead to bankruptcy.

If you cannot, then I expect you to retract your statements.

>>>>>>>>>>

Good CEOs understand what the customer wants,
not just stuffing the website with interstitials coz you are near to bankruptcy.
When you convey message you are near to bankruptcy, no one will want to subscribe.

Well you are paying 190 million for 800 million in assets of which 380 million is pure cash.

If they finally find a semi capable CEO willing to restructure the entire the mindset of the company to embrace digitalisation methods, it could become an interesting endeavour.

The search continues.

Personally I wouldn't mind paying rm10 per month to get access to online video feed for all of Jason's food,mark Wien's travelogue,yitiao video content on thestar webpage,on top of localized journalism content and investigative journalism.

Hi newbie0916, I am sure you are correct and OTB is correct as well, he just mix up some info probably.

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


>>>>>>>>

https://nbn.media/china-power-engineering-consulting-group-co-ltd-cpecc/

How about now, today,

Gkent 0.685
Jaks 0.965

We start today 12 April 2020, and we end 12 April 2021.

Loser buys the winner a meal at 海底捞, is that ok?

You get your full Jaks powerplant startup by end December, and a quarter to see what the real earnings and revenues are. And I get 48% claim for lrt3 and mrt2 works revenue to come in.

I think that sounds fair.