If you thought insas was a good buy at 1.00, there is a 30% discount for you now.

>>>>>>>>


Sslee Haha qqq3,
I just withdraw one of my FD due on 9/3/2020. Tomorrow which stocks to buy?

Malaysia government is not 100% from oil like Brunei.
Malaysia pay huge income tax, got manufacturing of semiconductors, got tourism.

And contract already sign. So what are you talking about?


>>>>>>>


freddiehero if goverment no easy money from oil, u think construction can easy get profit ka?
08/03/2020 9:54 AM

Yes, old news. And GKENT as the new maincon will enjoy the difference.

>>>>>>
Trade111 MGK will deal with a lower project cost
08/03/2020 3:37 PM

Oh, my.... That method is so old. Using separate governer and AVR? Here is more efficient and cheaper method.

https://new.siemens.com/global/en/products/energy/energy-automation-and-smart-grid/protection-relays-and-control/siprotec-4/paralleling-device/paralleling-device-siprotec-7ve6.html

Let me introduce you to a non governer method for switching and paralleling power.

I didn't need to write a report. I was doing design & build and testing commissioning of the system.

I am the lead Ir. Engineer ( and chargeman) for the project using Siemens system.

Smart grid supplier.

Again, none of it takes 1 second to synchronize.

Do you even know how electrical changeover system and generator to grid coupling even works???

Not that I am trying to humiliate you or insult you, but if you don't know I am more than willing to teach you.

But if don't know and act like you know is worse because you learn nothing and mislead everyone.

Sslee, we already caught this i3lurker with his pants down for bulshitting.

I don't know about old style or not, but have been doing generstor synchronization using Kingwood since before i3lurker was born. Then using ABB synchronization panel in Sarawak hydro station and using Siemens turbine system for KKIP ranhill powertron in Sabah.

I totally agree with Lee. There is nothing special about your "synchronization" and of course there is no such thing as taking 1 second to synch. Please let me know what brand, what system can do such a thing just by controlling "valves" and running at the speed of light?

What design are you even talking about?

Trying to say others are fake engineers while you yourself talk without any facts is silly.

Grow up and give me exact details of what supplier brand and system can do such a thing? WHAT is the synchronisation system supplier and the turbine and generator supplier and how one single Staten can link all.

Then I will start to believe you.

Until then stop bulshitting.

You forgot gross loans impairment.

Pbb 0.49%
Dbs 1.5%

It's interesting how quantitative and qualitative approaches differ. You used pe, income and return on equity to judge the quality of a bank

For me the more important criteria I look for in a bank is the loan impairments ratio and the loan profile. My idea of the perfect bank is a huge savings and fixed deposit accounts, and a every loan protected by solid collateral.

All the criteria you used to define a banks quality leave out the loan profile and the inherent risks in those loans.

During the subprime crises all the investors only looked at how much they made, not the risk they take to make the money. In fact, only a few analysts tracked the loan impairments ratio, and the income group of the individuals making the loans.

When I bought public Bank in 2012, this became the core tender of my investing policy.

In scuttlebutt terms, " how much leverage is the bank giving out to the corporate company in relation to their assets and ability service the debt".

My ex company was able to borrow 25 million in cash and 25 million in overdraft, all with 10 million in assets simply by raising paid up capital to 10m and having a fixed deposit of 5 million and property values at 5 million.

The car loan I have on the other hand, is based on a 5 year loan with a collateral on the car worth 368,000, and where the interest is paid first during the first 1 year, and the principal paid off after that.

If you have ever borrowed money to your friends and family, you will know borrowing money is a risky business. Assuming that your friends will pay you back with interest and expanding out into the next 5-10 years is a very risky risky business indeed.

Maybank had hyflux. Alliance Bank has London biscuit.

You are saying it won't repeat. How do you even know who they loan to?

All I can say is, if you are someone that likes margin of safety, you should find the margin of safety in banks, aka how much profit does the bank gain in relation to the risk it takes from its customer group.

In any case, you should update your graph with their annual impairments of loan profile, their client base breakdown and the growth of those safe loans profile.

It's all there hidden deep in the notes.

Where most of the important things are.

I3lurker please stop talking bullshit, this is not how synchronization works. Take it from a real engineer.


I'll simplify, and you check with A REAL ENGINEER so you know I don't bullshit like you.

First the coal heats up water which generates steam energy which turns the turbines. The turbine then spins the generator to a required rpm to produce energy at a certain AC frequency (50/60hz). Once this is stabilized, then a giant contactor or coupler ACB will connect the generator to the main grid.

It's 2 different steps in the process. The synchronization only happens once the generators are running at the approved rpm( usually 3600 revolutions per minute) and produce the correct amount of AC power.

And no it's not one plc with steam lag detection. That's silly.

There are two components to it, a mechanical process and three electrical process.

2 PLC. One is usually the autosynch control panel, the other is the generator turbine MCC.

And no synchronization is not done in 1 second. That's also not how it works. You need to match the speeds first, the synch.

"
synchronization is the process of matching parameters such as voltage, frequency, phase angle, phase sequence, and waveform of alternator (generator) or other source with a healthy or running power system. This is done before the generator is reconnected to the power system. "

We control synch on the generator end, not the turbine end.

Syncing on the turbine end causes explosions and no powerplant I have ever commissioned does it the way you explain.

Maybe in Cuba.


>>>>>>>>>
Posted by i3lurker > Mar 8, 2020 2:59 PM | Report Abuse

sychronisation is done within seconds (less than 1 second) by computer who gives a linear programming soltution

the PLC then moves those valves as ordered by computer and sychronisation is completed within 5 to 10 minutes due to steam lag delays


>>>>>>>>>

Posted by i3lurker > Mar 8, 2020 2:05 PM | Report Abuse

"The word electricity refers generally to the movement of electrons (or other charge carriers) through a conductor in the presence of potential and an electric field. The speed of this flow has multiple meanings. In everyday electrical and electronic devices, the signals travel as electromagnetic waves typically with the 50%–99% of the speed of light, while the electrons themselves move much more slowly."

Which family mart has 3 staff or more?
What do you mean by lack of opportunity from family marts? Neither female or male??? What are you taking about? Please elaborate.

Have you ever even been to a family mart before? It is a convenience store that sells freshly made, healthy, good quality food at a much cheaper price than restaurant but much higher quality than mynews or 7-11. The revenue last year was 200 million from family mart alone.

Room to grow?
Family mart target is 1000 stores in Malaysia. They have achieved 200+ and will open 300 by 2021.
Egg and poultry have already started building and will double capacity in Indonesia and Vietnam.
Frozen seafood capacity just completed and is already designed to double production.
Palm oil growth and prices to soon increase.

Those who bought last year happily laughing to the bank.
Those who bought 5 years ago are dancing in the streets.
Those who bought 10 years ago... Well there is me. And I'm confident for the future.

The only ones sore and criticize are those who don't own a single share of QL. There has never been a shareholder of QL saying bad things about the company.

That shows you more about the company than you know.

Outsiders looking in.

>>>>>>


i3lurker when companies grow
they run out of opportunities
another hurdle is business complexity

you can see the evidence of lack of opportunity from family marts
Family marts are a hybrid chapalang shop.
its neither female nor male, its a shemale
Its not a restaurant and also not a sundry shop.
Resulting overheads are high coz 3 staff or more.

For me I look at the business first and the share price second. Every criticism now is on the share price, not the business. So far I have not heard a single bad news on their construction and management from federal government, subcon or prasarana.

I'll change my mind when that happens

>>>>>>>>>

RainT Philip very optimistic on GKENT
06/03/2020 3:36 PM

Following your advice, I put my money where my mouth is, 3 million of the balance 8 million of my margin has been used to average more PCHEM at 5.2.

>>>>>>>>


Outliar Philip, when do you intend to put your money where your mouth is and top up again? (that came off abit crass, not my intention)
27/02/2020 3:49 PM

As of your claim of investors buying into QL because of market perception, that is YOUR market perception. I bought into QL because of continued growth in all time revenue, earnings and share price. My total dividends ( after multiple share splits) has increased far far more than my original buying costs. This has been going on for the last 20 years, I bought it in 2009 after ql was awarded best run Bursa company at the 1 billion market cap. I have held it until today.

In fact, the reason why QL has such a high valuation is because it has been able to perform so well regionally. It is doubling egg production in Indonesia and Vietnam. And the faith is there. Malaysia consumes 5x the eggs of Vietnam and Indonesia because of the wealth of Malaysians and the feeling price of eggs. Vietnam and Indonesia is becoming a very wealthy country, and having their egg consumption double or triple is not hard to achieve.

Or did you forget the PE not only includes family mart valuation, but also includes their frozen fresh seafood business, the surumi business, chicken and eggs, Palm oil, and not to mention their share ownership of boilermech.

At each step of the way there have been detractors who do not know how safe and monopolistic the business structure is.

I'm just happy to be along for the ride.

My entire wealth has been in the back of investing in QL continuously over the years.

Every year I met Jokers like this. In 2017, same explanation of pe growth, value and price. Then QL price doubled, same thing in 2018. Share price up 30%. In 2019, share price goes up from 6.9 to 8.6. so far more than 20% gain you. Is it sustainable? YES.

Today during covid, share price is holding steady.

To set the stage, please read this article on 7-11 Taiwan.

https://www.google.com/amp/s/international.thenewslens.com/amparticle/116880

"It launched in Taiwan in 1979, and didn’t manage to turn a profit for the next six years, finally coming good when it ditched its focus on groceries and vegetables in favor of ready-made, localized goods and foods"

In any case, using benchmarks,

In 2018 7-11 Taiwan has 5220 stores and 152b nt in revenue with 5.6% net profit. Or or store count 500k per year

In 2018 7-11 Malaysia has 2287 stores and 2.2 billion in revenue, meaning roughly 1 million per store. 2.5% net profit.


With the figures of 1.2 million per year per store for family mart, it is already doing 20% more per store than 7-11, sure to Malaysian fascination with clean healthy Japanese food. The operating losses mentioned is due to branch growth and building new stores which drags down short term profitability for long term dominance. One thing you have to understand for each new store built in a different area, you need to build a centralised distribution warehouse center. Once you have a centralised distribution up and running, your new operating costs per store drop dramatically as you can build more stores everywhere and stock them to the brim. This saturation level is why 7-11 Taiwan is able to make a profit with small stores peppered everywhere around Taiwan.

"As at 31st March 2018, it registered an operating loss of RM 7,111,561 on the back of its revenue of RM 75,158,046 (source: CTOS). On 28th August 2018, it had opened 59 outlets if deriving from this, its revenue would be RM 1.274 million per store."

This remark is misleading and shows a lack of deep understanding of the combini business model. You just divide simply revenue per store without looking at the giant warehousing spaces and distribution centers at close distance to is served market. In fact you just have to look at how all the family mart stores are spaced out to know that this is true ( Penang, Johor, melaka and KL) around the North south highway only. In convenience store management, distribution is everything.

If you were to use their started target ( maximum distribution and logistics to store count), they are looking at a maximum efficiency of 1000 stores in West Malaya. At 1.2 million revenue per store, we are looking at 1.2 billion of additional revenue per year and 60 million in earnings per year. In a very very VERY SAFE industry like the convenience store. Simple to understand, simple to replicate template ( with enough cash), and gives additional value to QL as a whole ( surumi, chicken and eggs direct to end user).

Or did you think maxincome is making a loss? QL management has already said that they have broken even in revenue per store, meaning distribution system in each state is already up and running.

All that is left is to open more stores in the right places.

Based on his idea of rise by 200%, in 2020

1. Jaks will be worth rm3.60.
2. Dayang will be 6.60.
3. Mysterious will be worth 1.60.
https://www.thestar.com.my/business/business-news/2019/11/21/stocks-mysterious-3800-rally-is-wiped-out-in-minutes

Based on his track record buying stocks like layhong, sure Hebert/ooi will have a good year in 2020.

Layhong!

Omg now this is plagiarism. Did you copy paste everything word for word?

I was hoping you understood the topic better and could formulate an opinion.

Those who really understand their subject matter should be able to summarize into clarity what you believe the message is.

Sadly, I still don't get it.

Then again I find macroeconomics to be too vague to be of economic use.

I still believe there are gems in business the world over, just as buying a piece of Uniqlo and Toyota during the most decades etc would still be profitable, and buying penny stocks in America during the 2009 turnaround would still have been disastrous.

For me the message is clear, stick to business you understand and can see the long term prospects.

Simply buying things in foreign countries ( like xinquan) just by reading the prospectus will always be a bad move.

Really?
World usage of gloves has already increased tremendously due to virus and china shutdown of plants and production. You really think the price will correct downwards?

>>>>>>>>

Posted by rayloo > Mar 6, 2020 4:19 PM | Report Abuse

You can expect significant price correction after the report..

A few red flags for me.

1. Any business with a good core that decides to diversify into property development makes me worry. Soft property market plus huge receivables is a big headache.
2. The impairments and late payments +90 days delay is worrying especially when credit impaired.
3. There are a few deals with suppliers/contractors of director related family members.
4. Development companies building high end properties should have much higher profit margins. This is impacted by high construction costs, which lead back to the director family member related suppliers selling at high price to company. I have seen almost every trick in the book and know how companies with a property development arm can do many tricks to funnel cash out of company in a legal way. I'm not saying kobay is one of them, as their manufacturing am is doing fabulous, but the red flags give me some cause for concern.

But other than that, their valuation, cash position and business growth is a very consistent increasing line.

It's your call to make.

12 billion in revenue, how much earnings do you need to sustain dividend?

Let's do estimate.
50% to mrcb total revenue left 6 billion.
Divided by the next 4 years, 1.5 billion in revenue per year.
6% earnings conservative is 90 million earnings a year without calculative water meter and hospital and wtp.

From 90 million, 50% payout is 45 million.

With heavy share buy back and falling outstanding shares to 538 million shares.

To maintain dividend Yield they just need to pay 38 million in dividends.

Easy.

But will the share price still be at 84 cents?

Actually I dont see what the fuss is about, both qqq3 and OTB both bought shares in JAKS.

So I do not understand why they are upset, both obviously agree with each other.

In any case I do not have any intention of ill will, I am just noting down in my portfolio page the calculations done by OTB as I find it interesting and I am lazy to find it back again later if I need to do comparison of results.

I find both qqq3 and otb useful and interesting to learn from. As they are both more on the technical analysis end (one trades using feel, the other trades using charts and fa), they both bought the same thing.

At the same time the stocks they buy are things that I would not touch.

Perhaps I still have a lot to learn about investing, a long journey left to go.

This is very good advice.

I will also evolve my thinking pattern and stop commenting so much on sslee, calvin and stoneraider. I will let my investing do the talking instead.

>>>>>

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

I think good luck to you la. You have fallen in love with your stock, which is the worse thing for investors. You no longer see the business for what it is off loading, rationalization, downsizing. Whatever others say you will still hug your INSAS to sleep. Good luck to you.

Your stock does not know you love it.

This is why ql worth 13 billion and INSAS worth 400 million. Both have 2 billion in assets.
But one buys family Mart, boilermech, expands to Japan, Australia, Vietnam and Indonesia doubling revenue and profit.

The other sells roset at a loss. Tribecar lossess. Dome Cafe growth versus old Town coffee (frustrating). Melium group lossess. Vigcash losses sold. Biotech lossess.

If ceo continues to go on holiday they will not find another INARI.

Murphy's law is correct: those companies had already gone wrong, which is why for last 5 years share price has been languishing.

Yes I still like my superman family working hard for the company, no days off.

You can go on holiday.

>>>>>>>
QL CEO Dr Chia work OT every Saturday and Sunday, run entire business, do the job of 6 men (planter, mall operator, fisherman, chicken & eggs farmer, retailer) as oppose to INSAS CEO Dato’ Wong holidaying in UK with family from 23th Jan 2019 to 10th Feb 2020.

Recording here for my own record.

>>>>

Posted by OTB > Mar 4, 2020 6:47 PM | Report Abuse

Dear DK66,

I wish to show you the below calculation how I can get RM 248 million.

The cumulative power sales of Vinh Tan 1 were 8.194 billion kwh based on annual 7,238 utilization hours.

Since Hai Duong power plant is the same spec as Vinh Tan 1, I will assume same cumulative power sales were 8.194 billion kwh.
Profit margin is USD 0.024 (2.4 USD cents).
USD to RM conversion is 4.20.
Jaks owns 30% stake.

Calculation
= 8,194 * 0.024 * 4.20 * 30% = RM 248 million.
This profit is tax free.
EPS = 248/651 = 0.38
If PER = 10, the target price is 3.80 in 2021.
If PER = 15, the target price is 5.70 in 2021.

Thank you.

Insas price to value has been abnormal for the last 5 years. Imagine a company with 1.7b assets the same as petronm, except petronm did 11.4 billion revenue and 178 million in earnings. The other 1.7b asset company only does 200 million in revenue and 95 million in earnings. Which one is intrinsically safer and which would you pay more for?

Obviously both are companies I wouldn't touch because of the limited long term prospects.

But another story for another day.

As for PPHB, it is a company with networth of 247 million generating 203 million in revenue.

That is your starting point of asking if this is a business you would buy.
Then you look at earnings, 23 million.
Then you look at asking price for the entire business, 140 million.
Then you look at the long term prospects of the company.

That is how you should look at a stock, as a business.

Not pieces of paper to buy and sell.

Rationally speaking, if you were looking to buy a car,

If someone wanted to sell you a Ferrari worth 1.7 million for 170 thousand cash, would you say OK I'll buy it now? Or would you look everywhere inside and out to find out why the car is selling so cheap?

And if the car has been in sale for the last 5 years with no buyer, I'll be doubly careful.

The trick is to understand the mileage on the car, and how far it can go before it breaks down.

What is your point

Xinquan market value of quoted shares 27 million, net worth based on nosh 921,821,000.00
Parkson market value of quoted shares 197 million, net worth based on nosh 1,856,893,000.00
Asianpac market value of quoted shares 124 million, net worth based on nosh 1,532,243,000.00
Insas market value of quoted shares 437 million, net worth based on nosh 1,776,858,000.00

So many billion dollar companies with high net worth, shouldn't you buy them instead? More ACCOUNTING margin of safety in parkson and xinquan.

The important thing to apply here is logic and rational thinking.

Why are such high net worth companies having such depressed share price for so long? Is the market blind? Is everyone blind?

The answer is very simple and rational. Why don't you look at it like this, it's clear when I put it in this way:

QL networth 2 billion produces yearly revenue of 4.23 billion.
Yinson networth 1.7 billion produces orderbook of 40 billion in projects ( and counting).
Public Bank networth 43 billion produces yearly revenue of 22 billion.
Xinquan networth 921 million produces revenue of -110 million(after contra losses)
Parkson networth of 1.8 billion produces revenue of - 4 billion (if you contra losses)
Asiapac networth 1.5 billion produces yearly revenue of 190 million.
Amazon networth 225 billion produces yearly revenue of 280 billion.
Petronm networth 1.7 billion produces yearly revenue of 11.4 billion.
Insas networth 1.7 billion produces yearly revenue of 170 million.

If you use rational thinking,
1. A business is not a business of it doesn't make money
2. A business cannot generate more cash earnings than its revenue. ( Unless you start going to accounting land). Therefore revenue generation in terms assets is very important.
3. Efficient companies produces outperformance relative to its assets company's.
4. Retained earnings should be used to grow the business, else given out as dividends or share buybacks.

So, would you hire a cheap supervisor who can work OT every Saturday and Sunday, run entire plantation, do the job of 3 men? Or are you the type to overpay for a manager who works only 10% as hard as the supervisor, but has all the master degree, writes beautiful PowerPoint slides, but has no idea how to run the plantation?

I know what I would choose, rationally.

I hope you understand what I mean instead of repeating same old tired story.

Thank you.

Don't worry, if you don't buy, gkent will buy every day 40k shares. Good companies with high cash yield will buy back their shares at low prices.

Monday 2/3/2020 initiated share averaging down at 5.2@ 580K shares.

So, you agree in my analysia of 12 million revenue per year? it is good numbers? And profitable? yes?, So in hotel terms do you think there is no production hiccups and cost cutting available to increase profit for a first time hotel runnning management? Of course there is.

Also, I will do that the moment you go and tell BOD of Berkshire in no uncertain terms why they are insulting minority shareholders of Berkshire with no dividends for 50 years?

Is dividends all you want? They have already started a dividend payout program.
Growth ? They have clearly increased revenues by 3.6 million a quarter from their hotels.
Earnings? Have they lost money for you?

Despite the pump and dump activity by OTB and gang, the business of PPHB is still doing fine and good share price increase in 1 year (from 0.49 to 0.72 today).

Dividends is not the be all and end all.

Look at airasia and their 90 cents dividend.

Please, evolve your investing methods.

The Dogs of the Dow method is full of holes.

>>>>>>

So Philip please asks your wife and brother in-law to attend AGM and in no uncertain term told BOD off are they trying to insult the minority shareholders with 0.25 Cents dividend?

Thank you
04/03/2020 12:15 PM

Sure thing,
which stock?

XX or XX?

I think XX is going to go up, I'm going to buy XX stock because the owner earnings is 600 million.

What do you think about XX? I think it is a good buy, how about you?

>>>>

The Present Portfolio of bullshit imaginary stocks
Company Name Percentage
XX 22.11%
XX 16.81%
XX 10.59%
XX 7.20%
XX 5.38%
XX 4.44%
XX 3.78%
XX 3.42%
XX 3.24%
XX 2.99%
XX 2.06%
XX 2.02%
XX 1.77%
XX 1.75%
XX 1.75%
XX 1.70%
XX 1.42%
XX 1.32%
XX 1.20%
XX 1.09%
XX 1.05%
XX 1.00%
XX 0.97%
XX 0.93%
XX 0.89%
XX 0.89%
XX 0.80%
XX 0.63%
XX 0.60%
XX 0.50%
MARGIN LOAN (11.92)%
CASH 7.60%
TOTAL 100%

Can you read back properly?

Hotel operations only started in 1/6/2019, your future of losses is inclusive of construction and setup.

Please read back your qr report, from Oct- December 19, when operations consider still running and improving and cost cutting (800k to cut)

Revenue 3.696 million, profit 206 thousand. 5.57% net profit. Expected yearly profit 1 million ( excluding covid year). Not good?

Now please apologize to my brother in law for making fake claims of losses.

But... Your research and quality is faulty.

Stock: [LCTITAN]: LOTTE CHEMICAL TITAN HOLDINGS BHD

Jan 31, 2020 4:38 PM | Report Abuse

I'll tell you about it in 6 more years.

Not trying to be an ass. I'm being sincere with this comment here.

But that article actually made me want to buy more. Really odd right.

You bought high and average on a company with no competitive advantage, with a 11 billion petrochemical complex opening next door and the 40 billion refinery and cracker supply next door. And no space to expand. How to compete long term? You tell me lah.


Stock: [GKENT]: GEORGE KENT MALAYSIA BHD

Jan 28, 2020 6:17 PM
Water Meter: RM25m per year for now until eternity.
LRT2/3: RM60m split over 4 years, (6% of RM1bil).
Engineering: RM0 because i no idea how good it is.
Discounting: 10%.

Using these conservative estimates, its worth about RM300m. Add the cash of RM200m. Its now worth RM500m. Which is right about the current market cap.

6% of 1 billion? Did you even do ANY research? No wonder 90% of short term investors don't make money from the stock market.

Stock: [RCECAP]: RCE CAPITAL BHD

Feb 18, 2020 6:23 PM | Report Abuse

This company is doing so well, im almost scared tbh. I rebought a small position the other day.

Good luck with covid-19 and retail economy going standstill this year. You will be back to the old 1.60 value trap soon.

Stock: [PETRONM]: PETRON MALAYSIA REFINING & MARKETING BHD

Feb 10, 2020 2:17 PM | Report Abuse

No, last q will be a loss.

Your "predictions" is so full of inconsistencies how to trust your analysis? Holland maybe.

Hard to trust you when you say you bought this and that xx xx, but no trackable portfolio so you can say basically whatever you want.

Stock: [PETRONM]: PETRON MALAYSIA REFINING & MARKETING BHD

Jan 3, 2020 1:22 PM | Report Abuse

Increased my position size by another 6%. Now its above 20% of portfolio.

You already post this on your comments, why not be honest for once and post up so your portfolio so we can track your long term performance?

No need to twist left and right.

Just open your shared portfolio. Lifetime is gain or loss?

Looks like a loss to me.

You have mine. As per 2019. Let's compare your results.

Yinson
Ql
Pchem
Gkent
Stoneco
Topglove


>>>>>>>>>>


The Present Portfolio of bullshit imaginary stocks
Company Name Percentage
XX 22.11%
XX 16.81%
XX 10.59%
XX 7.20%
XX 5.38%
XX 4.44%
XX 3.78%
XX 3.42%
XX 3.24%
XX 2.99%
XX 2.06%
XX 2.02%
XX 1.77%
XX 1.75%
XX 1.75%
XX 1.70%
XX 1.42%
XX 1.32%
XX 1.20%
XX 1.09%
XX 1.05%
XX 1.00%
XX 0.97%
XX 0.93%
XX 0.89%
XX 0.89%
XX 0.80%
XX 0.63%
XX 0.60%
XX 0.50%
MARGIN LOAN (11.92)%
CASH 7.60%
TOTAL 100%

You use an article from 2017 to say it was a pick you followed? Funny.

This is my specific article on why PPHB was a good buy.

https://klse.i3investor.com/blogs/philip5/2019-01-30-story-h1456984491-CUN_CUN_CALL_BY_PHILIPTANGRAIDING_RESEARCH_GROUP_UNLIMITED_POWER_UP_TRA.jsp

This was in 2019 and bought specifically because I saw they could get an additional 800k a month generated from the hotel. Specifics, not generalization, unlike you.

How is this plagiarizing?

If you were to use a 2017 article to compare, versus scuttlebutt info I have from a relative I have who works with PPHB, you might say I was plagiarizing him instead ( I did credit my brother in law btw).

And I was right on the gains and subsequent pump (and dump) by otb and others.I promise I did not buy a single cent.

What did you do? Did you really gain 100% from my article or from the yeong guy?

If you had followed my research and investments, you would have made 50% from yinson, 100+% from stoneco, 100% from PPHB ( before the dump but still up 30% from my buycall), 25% from ql, while waiting for pchem to handover IPIC (as per my OWN research) and GKENT 13 billion contract.

All while receiving dividends.

>>>>>

PPHB was not a pick from you, it was from Yeong Sheng Tey.

http://www.sharetisfy.com/2017/12/pphb-8273-annual-letter-2017.html

This is not high school kid. The most important and only thing in investing is being right. No money for beautiful writing, which you have quickly come to realize. We are here to make money from good analysis, not assumptions. Like your unique 5K report on rcecapital, who even cares about that? Isn't everybody "plagiarizing" warren buffet on value investing? You don't even know the meaning of the word plagiarize.

Plagiarizing means to copy other reports word for word. You will notice in my smallish I don't use words like PE and dividend Yield and ROE, I do qualitative analysis. The only thing I copy is audited financial facts and figures.

>>>>>>>
Before you arrogantly say its your call (given the size of your ego), based off research you copy and pasted from Seekingalpha, and attributed as your own.)
>>>>>>


Definition of plagiarize. transitive verb. : to steal and pass off (the ideas or words of another) as one's own : use (another's production) without crediting the source.

https://klse.i3investor.com/m/blog/philip2/2019-01-22-story-h1456976645-StoneCo_IPO_How_I_use_business_sense_to_understand_why_Berkshire_finall.jsp

This was my article last year when I bought the stock. I did credit Berkshire and ant financial for opening my eyes to this.

Please show me a seekingalpha article that uses the same qualitative description, same explanations and using the same WORD for WORD copy paste as I did. I have read every single seekingalpha article out there. Please show me which works I copy paste, failing so I expect an official apology and retraction of your slandering comment.


Today it is at 45 USD.

I'm very sure you did not buy it at usd20, so don't even lie ( Mr xx). You are a fraud, a liar, and not even a very good investment manager, or even a good auditor.



>>>>>>

Posted by Choivo Capital > Mar 3, 2020 4:18 PM | Report Abuse

Well, phillip, you have to be honest with yourself about something! Plagiarizing the work of others and attributing it as your own is pretty low, but then again, i don't have high expectations of you.

Calvin tan, why are you promoting other counters? Isn't netx your once in a century investment to sailang? You said it is rock solid and wonderful investment.

Why promote other counters?

Can't we just stick to NETX? How come you said you sold 8 houses and made 7 figures but only invested rm150k in NETX? When are you going to increase volume and push netx to 3 cents?

Please support NETX.

You write such beautiful stocks articles!


>>>>>>>>>>>

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-03-04-story-h1484689093-BERJAYA_CORPORATION_THE_BERKSHIRE_HATHAWAY_OF_MALAYSIA_Author_calvintan.jsp

Q4 results is out for stoneco, and it has gone up to usd45 per share on EXTREMELY good results. If anything, this is my most profitable investment ( and first one outside of Malaysia) of all time, beating my 1 year record with QL and TOPGLOVE
>>>>>>>>

Mar. 2, 2020 4:16 PMStoneCo Ltd. (STNE)By: Liz Kiesche, SA News Editor
StoneCo (NASDAQ:STNE) Q4 adjusted net income of R$275.0M (US$61.5M), up 76% Y/Y and adjusted net margin of 35.1%jumped 570 basis points Y/Y.

Q4 net addition of active clients was 66.2K; total active clients were 495.1K, up 84% Y/Y.

Q4 total revenue and income of R$782.9M, up 48% Y/Y.

Q4 total payment volume of R$40.2B rose 51% Y/Y.

Q4 adjusted free cash flow of R$185.9M increased from R$144.7M a year earlier.

sory calvin, your speculation dried up. from 50 billion to 3 billion to cancellation. You live so far in singapore you didnt notice? NFCP is design to profit certain selected parties. Now change government, we will change the project list.

Did you think the NFCP is really important for malaysians in rural areas? Far better to keep them in the dark then give them light.

So now how? Your 250K MYR is now stuck in netx, no one wants to buy it anymore.... better run now before too late.

Just dont tell anyone you sold ok? otherwise there will be a mass stamepede in netx sell queue.

Without NFCP NETX is worthless, less than toilet paper. You 36 million in assets from PP dilution? Cash burn my little city harvest friend.

Or should I say Reverend Lee Man Hee? You caused the death of so many people in your church, and infected the whole of south korea.

Not all churchgoers and holy pastors are good people.

Apology accepted. I don't like the way kyy does things, and I have always strive to be as transparent as possible in my investment sharing and my holdings.i always share each time I buy and sell my stocks, as I believe investing and stock recommendation should follow the same guidelines of bursa Malaysia and securities commission in transparency. It is very upsetting to be associated with KYY as I do not do trading calls or pump up smallcap stocks.

I will also delete my hurtful comments.

>>>>>>>>

Posted by soojinhou > Mar 3, 2020 10:11 AM | Report Abuse

Philip, I was wrong to associate your good name with that of one who engages in illegal activities, such as breaking disclosure rules and doing pump and dump. I therefore unreservedly apologize for making that association and have deleted my comment.

A few more months left your Insas 0.755 versus ql 8.25 the gap going bigger and bigger lo.

Which one is worse, I remember another sohai recommending tp rm3 for his sape, and put 30% o oh his money in the stock competition. So how? Who is worse? Dlady already start moving up from 38 to 42 and gaining 10% return and dividend. The sohai I mention his sape drop from 33 to 17, and still not giving any dividend.

And now he don't dare to take bet to prove his recommendation of sape TP3 in 3 years.

You should change your name to lousyraider lo.

>>>>>>>>

stockraider Yes but sohai 3iii recommend dlady at Rm 66 & padini Rm 6 the share price crash loh...bcos overpay mah....!!

I believe knm and serbadk is a totally different animal.

One has been growing revenues and earnings at a fantastic rate, the other had not been growing revenues at all, and has losing quarters.

You have a point though, and every capex for each company is different.

The capex for serba consists of training centers and maintenance centers and support warehouses and specialized equipments.

One thing I monitor more is not to compare capex against earnings, but to compare capex against free cash flow. As there operating cash flow is still positive and growing (86 million last year after finances and taxes).

I will definitely monitor continuously if this will be a case similar to London biscuit ( which I find unlikely having checked with my friends on the o&m contract by pchem, dagangan and carigali to serba), but so far I am ok with it.

Spending 400 million USD in capex to collect 1 billion USD in revenue and 100 million USD in earnings every year for the next 10 years ( with the first 2 years showing promised) sounds like a deal I am ok with.

Don't forget, KNM never grew it's revenue and earnings, so did London biscuit. So what was the capex for?

>>>>>>>>>

Capex is good provided it can generate earning above it cost of fund.
I just feel for the last 4 years their Capex is above their earning. Will Serba becoming another KNM? Very happy to be proven wrong though

Aww,at least I am honest about my investments. You bought lctitan at 4.15 also filtering your idol icon8888, you sure as hell followed him in his iq group purchase at rm1, you also averaged down on lctitan at 1.7, and bought your petronm latest purchase at 4.7. so... You have money to buy pchem at 5.2? I just received dividends to average down, unlike your lctitan which forgot to give a dividend this quarter.

But it's ok Mr xx, I bet your imaginary portfolio has given you xxxx in dividends and you have xxxx in margin facility to buy pchem at 5.2.

You sure you don't want to average down and buy more petronm and lctitan instead? Or you sure you don't buy more timecom instead?

It's cheap at only xxxx per share.

Since you made xxxx returns I'm sure you can increase your margin facility leh.

>>>>>>>>

Posted by Choivo Capital > Mar 2, 2020 7:04 PM | Report Abuse

Phillip,

Keep talking while i buy some PCHEM at RM5.2.

What was your average cost again ah? Can't remember leh? I remember your spoke loudest when it was Rm9

Got money to shoot fish in barrel anot?

I'm just waiting for you to comment again about your 10m margin line, when they are people like buffet with enough cash on hand to buy half KLSE staying quiet.

Q5: maybe you can tell me? Share and share alike. I have a list, local and international which I monitor. But I still like Serbadk so far along those lines.

Q4: judging from these wins: I would prefer to assume they have all the capability needed to complete o&m jobs.

Its unit, Serba Dinamik International Ltd secured three operations and maintenance (O&M) contracts from Energeniq FZE for work in United Arab Emirates, Pavillion Multi Holding LLC in Uzbekistan, and Process Dynamics Company in Qatar.

Another unit, Serba Dinamik Sdn Bhd, secured three O&M contracts from Pengerang Refining Company Sdn Bhd, Pengerang Petrochemical Company Sdn Bhd, and Petronas Dagangan Bhd.

It also secured one engineering, procurement, construction and commissioning (EPCC) contract from Malaysia LNG Sdn Bhd, and two O&M and EPCC contracts from Petronas Carigali Sdn Bhd.

Q3: very interesting question here as in Sabah we do not have a mercedes service facility. So what am I to do? My only choice is to use either hap SENG star or use my 30 year old friend whose workshop tokai engineering is a specialist in servicing Mercedes with the same equipment and trained mechanics sent to China facility. I choose the cheaper option of course: and hap seng does not service or warranty any car not bought by them.

Sometimes we just do not have a choice.

In this case, in Malaysia there is bumiputera requirement which gives Serbadk a huge advantage especially if they can perform well.

And in Qatar, the political embargo has forced suppliers to choose between supporting Saudi or Qatar. Most have been pressured away. Serbadk is filling that need from Qatar.

FYI Serbadk is a qualified service provider. They have been doing as an agent for many brands for the last 20 years. They are the cheaper option with all the needed certification. I checked. It is one of my qualitative requirements and easy to find out what certificates Serba has.

https://e-serbadk.com/market-sectors/education-training/

In fact, not only are they qualified to do. They are also qualified to teach, as they have multiple accreditation to train new specialists from city & guild.

https://www.thestar.com.my/business/business-news/2020/02/25/prestariang-sells-education-unit-to-serba-dinamik

They have the capacity to train new specialist and give them jobs as well, feeding a new business model where you don't need to go to UK to learn how to be a plant engineer.

Q1: operation & maintenance still needs warehouses, testing and rewinding facility, specialized machinery to break apart turbine for servicing which cannot be done in client area. Indeed this capex is a normal expenses which is assistant if you look at previously Schlumberger and baker Hughes financial reports.

You will receive more detail in the latest annual report coming up, but for your kind attention in last year annual report.

Long-term Short-term Assets leasehold leasehold under land land Furniture, ______construction______ (Unexpired (Unexpired Plant fittings Tools Land Freehold lease term lease term and Motor and office and Office use Other land > 50 years) < 50 years) Buildings machinery vehicles equipment equipment renovation rights asset Total RM’000
==================================================================================================================== ======== At 31 December 2018 5,896 2,984 20,831 67,640 315,326 7,337 4,080 528,927 3,236 196,544 120,289 1,273,090 ====================================================================================================================

The main expenses here are for Plant and machinery at 315 million and Tools and equipment at 528 million.

Now this amount looks big until you realize that Serbadk is doing international business with an exposure in the following countries:

Segmental Revenue by countries
Individual quarter Cumulative quarter
31/12/19 31/12/18 31/12/19 31/12/18
RM’000 RM’000 RM’000 RM’000
Malaysia 395,454 278,660 1,305,559 920,250
Indonesia 12,480 20,780 155,443 70,399
Laos 1,358 - 12,326 -
South East Asia 409,292 299,440 1,473,328 990,649
Turkmenistan 95,767 98,416 175,325 239,514
Kazakhstan - 1,789 - 1,789
India 16 - 16,555 -
Uzbekistan 7,888 - 24,320 -
Central & South Asia 103,671 100,205 216,200 241,303
Bahrain 122,045 101,790 382,011 327,204
UAE 232,270 161,699 889,945 674,919
Qatar 427,063 235,320 1,243,263 681,244
Oman - 552 - 46,764
Kingdom of Saudi
Arabia 25,027 55,669 188,287 274,998
Kuwait 51 152 26,879 12,848
Middle East 806,456 555,182 2,730,385 2,017,977
Tanzania 38,508 22,539 104,015 29,821
United Kingdom 2,622 632 4,693 3,424
Total 1,360,549 977,998 4,528,621 3,283,174

868 million looks big until you realize it is merely 200 million USD, chump change in opening an o&m facility in each country.

Johor pangerang Serba dinamik maintenance facility alone is costing them 270 million.

So first answer is the capex is not huge, it is actually very small. secondly is a one off setup and non recurring. Now is expansion phase however as many of the foreign American and European specialists have left the market, leaving a huge void filled by Serba.

So ask yourself if 200 million USD in capex is huge or small to cover so many countries at once.

Thank you

https://klse.i3investor.com/m/blog/phillipinvesting/2020-03-02-story-h1484657262-3rd_Quarterly_Report_for_The_Borneo_Bikers_Gang.jsp

https://klse.i3investor.com/m/blog/phillipinvesting/2020-03-02-story-h1484657262-3rd_Quarterly_Report_for_The_Borneo_Bikers_Gang.jsp