You might as well remove the xx, as judging from the way you comment on i3 forum, I could pretty much glean what was your top 10 holdings and the results today are.

As for losing on buy calls, you should be the first to know not to mix trading calls versus long term investment calls. As I already said, I never buy stocks at all time highs, but buy it when the prices were reasonable. You only start commenting when the stock overperformed then you only see pe50 and say overvalued and sell ql. It still beat a lot of your imaginary xx stocks.

If you want to compare short term picks with long term picks...

Did you not get your first 100% return from buying my pump and dump stock in PPHB? I wrote an article on it in January of 2019, where I said it was a short term pick, but still a good buy. And now you profit directly from it. No thanks needed or warranted.

As for losing money?

I myself bought and held

GKENT
QL
TOPGLOV
YINSON
STONECO:NYSE
PCHEM

which EXACTLY is losing you money? Versus the market benchmark I would say my basket is doing fine if you bought in totality last year. You can do the math. I'll wait.

But I guess you would be using specific stocks instead of portfolio. Just like Calvin tan. Chun chun calls right?

So in this case understand the specific reasons I bought the GKENT and PCHEM. Gkent completion for lrt3 is in 2024, if I buy it then I would be stupid. I'm not going to buy high and sell low like rcecap. I buy it now then when it goes up after 2024, then I sell. This is called long term investing while enjoying dividends and share buybacks every year to wait. PCHEM is the same thing for IPIC, management has already guided to end of 2019 completion, 2020 soft run, 2021 full production. Management own words. So now that the stock has dropped to ipo prices, same case: you still have dividends and a cheap share price to buy from while waiting for the long term. Dividends in the worst of times, to wait. Historically is 1.2 billion, did you think PCHEM is a super stock immune to viruses and market oversupply? But did you also think trade war will last forever? Covid-19 will morph into AIDS? So, if you "follow" my "buycall" which I never make any sell TP but only show what I bought so as to "teach" long term investing with real time data instead of just saying oh I bought this stocks in 2009.

Be fair, did you lose money or make money in totality? It you want to nitpick why warren lost money on Chevron and GE and Decker shoes or why sees candies loses money 8 month of the year?

But let's nitpick on your results. And your presumption.

>>>>>>>>

But what about your range of imaginary stocks? I wonder if warren buffet partnership ever did bullshit like this and hide vague numbers with xx as his returns. He would never have gotten a single investor on board buffet partnership. If you want to be like warren, do it rationally. Turn imaginary investing into trackable results. Otherwise don't even put that garbage basket of % stocks and assume people should care.

Perhaps it is good you started another business, as you do not seem to be cut out for investing. You don't have the rationality for it.

You are like the opposite spectrum of Calvin tan. Same number of research articles, so many weird assumptions and academia versus qualitative application, horrible results in totality. But chun chun comments all the same.

But for being so good at commenting at others, what is your performance? Only you know la.

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%

Post removed.Why?

Awww dragonslayer had left netx to join back his gang in sape. Even how supporters kick him from NETX.

Too toxic with no money to buy stocks so just referee everywhere, even when not needed.

(Shrug).

Even your comments are useless. Just another troll with any analysis of stocks.

What bullshit % gain oh? You say cocksure so must follow mah, unless you are not a man if your words. I said pchem will be worth 10 in 3 years, you said cocksure sape is worth rm3 in 3 years, what are you shitting now?

You don't trust your own words?

Yes we bet fairly mah, but a gentleman must think before he talks, and when he talks he must be responsible for his words.

Will you take responsibility for your claims of sale rm3 in 3 years?

stockraider Since u like to bet so much....then we must bet fairly mah...!!

Today mkt close;
Pchem Rm 5.42 --> TP 10
SAPE rm 0.185 --> TP 3

>>>>>>>>

If u want to bet say by end of the yr 31-12-2020, which counter pchem v sape, has the highest % gain loh.....!!


Posted by stockraider > Mar 27, 2019 3:51 PM | Report Abuse

U use ur head & think lah....!!

How people can lose when Raider 3 yrs 3 mths TP Rm 3.00 and when the share price only 33 sen leh ??

U must invest long term loh....if u look at the price everyday...u sure get confuse and get panic loh...!!

Believe raider mah, bcos raider is cocksure u will sure make money in 3 yrs time mah....and not 3 mins, 3 hours , 3 days or 3 mths time loh...it is always long term 3 yrs time....u must buy & lock up loh....!!

What bullshit % gain oh? You say cocksure so must follow mah, unless you are not a man if your words. I said pchem will be worth 10 in 3 years, you said cocksure sape is worth rm3 in 3 years, what are you shitting now?

You don't trust your own words?

Yes we bet fairly mah, but a gentleman must think before he talks, and when he talks he must be responsible for his words.

Will you take responsibility for your claims of sale rm3 in 3 years?

stockraider Since u like to bet so much....then we must bet fairly mah...!!

Today mkt close;
Pchem Rm 5.42 --> TP 10
SAPE rm 0.185 --> TP 3

>>>>>>>>

If u want to bet say by end of the yr 31-12-2020, which counter pchem v sape, has the highest % gain loh.....!!


Posted by stockraider > Mar 27, 2019 3:51 PM | Report Abuse

U use ur head & think lah....!!

How people can lose when Raider 3 yrs 3 mths TP Rm 3.00 and when the share price only 33 sen leh ??

U must invest long term loh....if u look at the price everyday...u sure get confuse and get panic loh...!!

Believe raider mah, bcos raider is cocksure u will sure make money in 3 yrs time mah....and not 3 mins, 3 hours , 3 days or 3 mths time loh...it is always long term 3 yrs time....u must buy & lock up loh....!!

Post removed.Why?

Old men can and must learn new tricks to evolve.

Ql now is pe 50+. Overvalue at least have growing value.

Sadly, Insas... Hard to find any value. Never have. Never will.

When will sslee start to learn from Calvin tan mistakes and improve his own journey.

If assets was the key to making money in stock market,

Why are these stocks so low in pe and appears like a great deal but no one buys them?
Asiapac
Talamt
Bjland
Mahsing
Pathetic parkson (2 billion assets for only 200 million, isn't it better than Insas with a net asset of 1.74 selling for that 17 cents? Better than Insas 76 cents with 2.34 NTA value)

https://klse.i3investor.com/blogs/Sslee_blog/2019-07-16-story215437-Insas_Deep_Value_Investing_Assets_value_liquid_assets_and_Earning_play.jsp


The real fairy value is Insas. "I believe Dato’ Sri Thong will do something about Insas share price".

November 26, 2017.
Dear all,
At KLIA2 terminal waiting for my flight to Medan.
Just used up the door gift from INSAS AGM, DOME voucher of RM30 for food and one free coffee.shares
Please check up of DOMECAFE at below link.
http://www.domecafe.com.my
You will be surprise and spoil of choices with so many verities of foods and drinks they are serving.
The foods/drinks and services are excellent. Easily beat Kenny Rogers of Berjaya food hands down.
Thank you

You have now kept Insas for 3 years. In that time they sold down almost 100 million inari shares,

Nov 28, 2017 1:03 PM | Report Abuse

Dear sparta,
INSAS own 401,711,300 INARI shares.
Just do the math.
Thank you.

Sold roset, no growth in dome, closed vigcash. Lost money in melium, tribecar, payment system, biotech not moving.

Revenue and earnings multi year low.

In November of 2017, share price of Insas was 0.93. 3 years later, Insas is now worth 0.76.

Will you still hold shares in this fairy value company? Or sell it?
Or in this best of times buy a company that will continue to grow and grow 3 years from now? A wonderful company?
Have you improved your investing skill in the last 3 years to notice and find a wonderful company?
Or will your fear of the unknown stop you from increasing your investment in the wonderful company which faces temporary headwinds?

Remember xinquan. No one can help you if you choose a wonderful company on paper, bad company in real life. Only yourself.

Thank you

>>>>>>>>

Sslee Haha,
After arguing with Philip for year on QL, finally he say QL is fairy Value at PE60. He sold some QL to top up Yinson
28/02/2020 9:00 AM

Post removed.Why?

This lansizhai really thought he is the bomb.


Arrogant without any results.

>>>>>


Posted by Icon8888 > Feb 28, 2020 9:43 PM | Report Abuse

If you need me to answer that kind of question you are a sohai already loh

Kindergarten kids also can answer mah


Icon8888
18719 posts
Posted by Icon8888 > Feb 28, 2020 9:44 PM | Report Abuse

DY, PER, PBR

Which one need me to answer ?

LOL

Sohai

But he follow you to Holland until crazy and topped up on lctitan.

Maybe you should write a new article on lctitan.

Lctitan part 2, how I fxxd up, cut losses and didn't tell anyone about it.

Are you still buying hong Leong with one hand behind the wheel and the other holding you phone making orders?

>>>>>>>

https://klse.i3investor.com/blogs/icon8888/2019-01-30-story-h1457006496-_Icon_LC_Titan_Price_Collapse_Shaken_Shareholders_and_Contrarians_Scram.jsp

CHUN CHUN CALL!.

let's just this stock promote under a rock too ya and forgot we ever promoted it.

How many promotional articles have you deleted already mr Calvin?

Why you forgot to delete this one?

But you can forget about it. The moment you delete I will repost and ask you why you deleted your scam articles.

>>>>>>>


So this is another reason why Calvin is able to SLEEP WELL At Night

Calvin Tan Research expects Destini to go up at least 100% in one year.

Post removed.Why?

Yes gg this quarter. Next quarter also, and the all the quarters after that.

Probably need to buy gkent in 2024 when you will finally see all the earnings from lrt3.

I wonder how much the share price will be then.

Buy now at cheap price, share buybacks and dividends. Or buy later when the results come out and price is already too high?

Blood is on the streets. Wait until when?

>>>>>>>

K-Den MRCB only received 600K from LRT3 then GK ma also gg this quarter?
26/02/2020 5:27 PM

Sorry I forgot. Bullshit is all you know.

>>>>>>>>>

Posted by stockraider > Mar 27, 2019 3:51 PM | Report Abuse

U use ur head & think lah....!!

How people can lose when Raider 3 yrs 3 mths TP Rm 3.00 and when the share price only 33 sen leh ??

U must invest long term loh....if u look at the price everyday...u sure get confuse and get panic loh...!!

Believe raider mah, bcos raider is cocksure u will sure make money in 3 yrs time mah....and not 3 mins, 3 hours , 3 days or 3 mths time loh...it is always long term 3 yrs time....u must buy & lock up loh....!!

27/02/2020 4:47 PM

stockraider Don be sohai....u never work your maths meh ??

Posted by Philip ( Icarus) > Feb 27, 2020 3:52 PM | Report Abuse

Please, just go away and hang around with your friends in bumi armada and sapura. Im busy using my dividends to buy more shares of PCHEM.

you want to do another bet?

In 3 years 3 months time (like you promote mah right?),
PCHEM will be rm10,
your Sapura Energy you said will be worth rm3 right?

Dare to bet?
27/02/2020 4:11 PM

What cash hoard?

You go back to school and do your maths. Go and calculate back how much it costs to build pangerang then ask yourself if 3 billion USD in cash is a lot or very little.

Of course to those who never made a million, it sure seems like a big number.

Maybe if you stop throwing money into things like insas warrants your rm5k can actually amount to something in the long run.

>>>>>>>

stockraider Why Pchem dividend cut to only 7 sen leh ??

Why hold so much cash rm 12b ?, it is a waste mah, if u cash hoard, the return is very low mah....!!

Do not be confuse loh...there is rm 12b cash but number of share is 8b units so your cash per share about rm 1.5. This figure or % cash may not even beat insas loh....!!
28/02/2020 6:50 PM

Really a small childish kid. Thank god none of the kids I raised were as petty. Worse than a child.

>>>>>>>>

con8888 Lansi zhai has gone quiet
28/02/2020 6:58 PM

Exactly. In engineering terms:

Your fixed factors:
Free cash flow generation capability.
Your production capability. Your location, supply and logistics.
Your bottom line pricing and your competitive margins.
Your ability to meet capital requirements.
Competitors and their ability to outsell/outprice you.

The variable factors:
Quarterly demands/market supply.
Wars, diseases, lawsuits.
Share price expectations from Mr. Market.


In the end the important thing to realize is this.

You have a company with 38 billion in total assets, 8 billion in liabilities.
Of which you have 12 billion in cash, and 1.8 billion in borrowings.
It has never diluted shares, and maintains a 50 payout.

At today's prices you are buying a business that is valued at 43 billion, has 10 billion in cash, and 30 billion in cash, still doing 16 billion in revenue a year and profitable every quarter despite trade wars, viruses and market oversupply.

What more of a litmus test do you want to prove pchem is a wonderful business worth buying, holding and adding more? The only way to end pchem competitive advantage is to drop a bomb on Malaysia. Even then it might not work.


>>>>>>>>>


enigmatic ¯\_(ツ)_/¯ PCHEM's Net Cash generated from operations this QR is still very good compared to last year. (5,544M vs 6,667M) 5 years ago, it was just 4,699M. I agree that when PIC commences, surely there would be more growth.

PCHEM still has hoards of cash of 12,045M this quarter against 12,329M last year. If I'm x mistaken, PCHEM has one of the largest cash piles in entire Bursa. 12B cash against 457M USD non-current borrowings should be pretty comfortable.

(Shrug).

Don't worry, if PCHEM goes down I will just buy more.

I won't curse your mother and fxxk your father.

It is a rock solid company with 10 billion cash.

It was cheap when I bought it last year at 8.15.

It is cheaper now when I paid 6.30 for it.

When it hits 5? Even more discount for me to collect more.

People give you discount and dividend, you think viruses and oversupply last forever?

If course buy more sell high.

Unlike fake engineer/banker icon8888 gamble on insas warrants and buy with one hand on the wheel the other on phone buying lctitan at 4.15( buy high) then sell of at rm2( sell low).

You should try doing it the opposite way once in a while.

Then you wouldn't have to be so bitter about life.

Letting you and a monkey manage my money picking stocks would probably have the same results

You sell rcecap at lows and buy it at highs.
You predict losses but you get profits.
You predict profits but hengyuan goes belly up.
You predicted 200 million in earnings, but nowhere near that.
You write huge research on how overvalued QL is, but don't notice how the revenue and profits keep growing to meet the value.

Susah la like that. How to give you money to invest?

Choivo, wrong again on both counts.
1. Petronm made a small profit ( not losses).
2. Petronm did not do 200 million in net profit this year. Nowhere close.

But don't worry, no one will need paying 5k for your research either. So where do you even base your research on anyway? Reading tea leaves?

>>>>>>>>>

Choivo Capital Just so it is clear here, in case they are some who bought off my research.

I am actually expecting a small loss for Q4, from inventories being revalued at NRV. Would be happy to be proven wrong though.
18/02/2020 1:48 PM

Calvintaneng is a fraud plain and simple. His strategy is similar to many penny stock pushers, promote as many stocks as possible, choose those that went up and promote further, discards those that didn't do well and hide it as far in as possible.

https://klse.i3investor.com/servlets/pfs/123029.jsp

He has promoted 40 stocks last year with glowing buy calls. Out of those 40 stocks, 14 stocks are green. He then uses those that went up to say he is brilliant and incredible. He collects WhatsApp members and tries to buy more penny stocks to push up and deletes opposing opinions in his NETX thread.

I bought 6 stocks last year, QL, topglov, gkent, Pchem, stoneco, yinson. You can see the average total return of those stocks and the dates I bought them.

What does Calvin have except lies?

Yes you can go wrong, despatch boy.

>>>>>>>


stockraider Insas is collection time loh...u cannot go wrong at 83 to 83.5 sen, just buy loh.....!!
26/02/2020 11:31 AM

https://familymart.com.my/our-stores.html

Go here and look at all the family Mart stores in Johor. All family Mart in malls? Wow so many malls? Incredible! Jb is an incredible city. 50 stores and ALL in malls?

So many lies, just like 74 million in net profit ( 400 million in operating cash flow) can suddenly become 2 million. So funny you don't even know what investing is. When there is demand, we grow

Target for ql is 300 stores by 2024. So far now already 200+ far beyond target. All are profitable and huge revenue. With 200+ million in revenue expected from each store, netx can only DREAM of such growth. Profitable growth? Of course when you have scale and volume, deliveries can be more economic and wide reaching.

Too bad Calvin tan still holding talamt and kps down to 3 cents and 40 cents.

May be you should change your name to penny pincher Calvin.

The only reason it cannot go lower is because any lower and no more value.

Ql 13 billion in value. WOW! I kept from 1 billion market cap to 10 billion cap ( when Calvin start saying overvalue) too 13 billion market cap.

Please, the only investment skill you have is buying penny stocks and making your WhatsApp group push it up.

I wouldn't be surprised if SC goes after you for your WhatsApp group activities on i3, sharetisfy and your blog forum.

Good luck.

Oh really? What is the rental? How you know business down by 50%?

You sit down theere and count every person eating at family Mart?

Good! Well done!

How many family Mart food did you eat while waiting!

Thanks for being a good customer.

Just like NETX, you don't have any of the real figure but simply assume.

No contract for nfcp but you say got in February good news, now turn into October.

Now already change ministers, if nfcp cancelled then what can NETX fall back on?

Gemspot? Payallz?

Nothing except your pump and dump activity.

If you were based on Malaysia and not in Singapore you would have known the majority concentration of family Mart stores. And if you were really interested in studying the business prospects of family Mart, you can just go to the internet and find out the store locations, and you will see where there 200 stores are versus your vague understanding of opening in high price shopping malls. It opened it's 100th store right in the middle of jongker street in an old building. Long queues ( as per my holiday report). It opens in colleges, near business districts ( healthy clean cheap food for office workers). And if you look at the numbers from latest maxincom reports, you will notice they are pulling almost 14k daily sales, 30% more than mynews and 7-11, using ql agrofood products for higher margin.

Your investment in kps, talamt ( still holding at 3 cent? After you bought at 5.5 cents as per your i3 part
Post) , promotion of netx so heavily but no one buy? ( After you pump and dump at 1.5 cent but and promote) now 2 cent push up no one interested to help you push further?

Piling debt? Good debt used to grow business is good. Berkshire no debt?

Please elaborate on your investment in NETX. You buy based on hope for a company with 17staff, 33k revenue a quarter, 10 years losing money, constantly raising private placements and esos and no dividend?

Good! Tell us more what to buy?

I'll be sure to avoid.

Lhi can't grow it's business, such at 1.5 billion in revenue. Earnings drop from 90 million to 30 million. Ql taking market share. In Indonesia, in Philippines, in Vietnam, in Malaysia.

Layhong 210 million in revenue, only 2 million in earnings.

Teoseng, so small so nimble, 136m/13m. But business shrinking, losing market share.

Cut throat industry? Very much so.

But why can you explain ql continues to perform so well, dominate so much.

Even in the worse of times during the covid I can guarantee ql will make money.

Now that I have brought companies like ql to your attention, do you know why I am so happy and sleep so well? Yes I did not buy the bulk of my ql shares in 2019, I bought it all in 2009-2010, and incrementally added every quarter.

Last year is special pe50. I sold a bit at pe60 to top up on yinson and start a position in serba.

But my main core holding of my own is always ql.

My target remains the same. 15% ROE, 8 billion in revenue, 400 million in earnings withing the next 4 years.

Those who were in with me 2 years ago and bought at Christmas 2018 at 6.25, you held on dispite all those comments. You are making 20+% any enjoying growing dividends for a pe50 stock.

As the performance continues to high record highs in revenue, earnings and assets.

Your investing life would be much better off if you replaced the word stocks with business. Then you will stop looking at selling your business every week take profit, and look okay the longer term of things.

https://youtu.be/JvEas_zZ4fM

Sell QL? Buy your NETX? At least in this thread we don't need to worry about frauds like you. Wire whatever you want. Here the long term holders ( at least those who do hold ql stock) don't need to complain or talk so much rubbish. We sleep well at night. No one needs to delete your messages unlike in your pump and dump NETX.

The fact remains: even more all time high revenue. 1.1 billion. All time high PBT, 97 million ( soon to reach my expectations of 400 million net profit a years, 3 years ahead of schedule).

What 76 million, 2 million boolshit? I've seen your fake accounting before, and when it falls you just make up stories.

From pe60, with good results it becomes pe50. Do you think you will ever buy a wonderful company like QL for a cheap price?

Try again.

Post removed.Why?

So now how. Your cock not sure anymore?

If not sure anymore then fxxk off la.

Before you delete posts like Calvin tan.


>>>>>>>>
Posted by stockraider > Mar 27, 2019 3:51 PM | Report Abuse

U use ur head & think lah....!!

How people can lose when Raider 3 yrs 3 mths TP Rm 3.00 and when the share price only 33 sen leh ??

U must invest long term loh....if u look at the price everyday...u sure get confuse and get panic loh...!!

Believe raider mah, bcos raider is cocksure u will sure make money in 3 yrs time mah....and not 3 mins, 3 hours , 3 days or 3 mths time loh...it is always long term 3 yrs time....u must buy & lock up loh....!!

Who promote sape 3 years 3 months price will be rm3?

You want me to dig back your old post?

If you write one don't dare to admit then fxxk off la, you fake.

Whose maths you write or I write in your post? Or you forgot already who write sape 3 years 3 month rm3.

You mean in Pchem? In all honesty, the effects of covid 19 will have a full effect in the next quarter, as this quarter was due to turnaround and us-china trade war (up to dec this quarter, jan quarter is covid).

I have a feeling the pent up recovering of product prices will be more during the 2nd quarter of 2020 FY.

But in any case with big cap stocks like this the push is slow and steady. More than enough time to monitor.

For me, I will use my dividends to buy more stock after ex-date 12 march, which I suspect will have another drop (or increase, who knows) in share price.

Currently if you assume the normalized EPS to be 15 cents per share per quarter, the normalized PE would be around 60 cents per quarter, PE10. which is very good for a stock of this quality.

I am waiting for a price below RM5 (below IPO price) before I throw another few million into it. Else if it recovers, I will be happy to slowly build up a position.

You know my methods, slowly buy quarter after quarter. I dont have to win big, just be right over the long term.

>>>>>>

Posted by Outliar > Feb 27, 2020 3:49 PM | Report Abuse

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)

Please, just go away and hang around with your friends in bumi armada and sapura. Im busy using my dividends to buy more shares of PCHEM.

you want to do another bet?

In 3 years 3 months time (like you promote mah right?),
PCHEM will be rm10,
your Sapura Energy you said will be worth rm3 right?

Dare to bet?



>>>>>>>

Posted by stockraider > Feb 27, 2020 3:19 PM | Report Abuse

This Philip sohai talk longrun N short run loh...!!

Look at the facts, Philip says Pchem will be Rm 10.00.

But long run now about 1 year it is about Rm 5.80 loh...!!

If u listen to him buy 1 year ago...u will be another sohai loh...!!

In the short term stocks is a popularity contest. In the long term it is a weighing machine. So now why don't you go wag your tail and find other people to chat with in your netx forum and your sapura forum. Maybe Calvin tan will pet your head instead.

I already know your investment concepts and gambling methods.

But in the end talk big and no money.

Say very big with insas warrants but in the end only lose 5k? Wasting time la you.

Are you looking for a friend or people to give you attention?

Sorry, please go away, you keep repeat same story which don't work and I lazy layan you.

Hengyuan.
Bjland.
Insas.
Sapura.
Netx.


>>>>>>>

stockraider I don think so loh...just bcos Ql leading by a very small margin, this Philip start singing already loh...!!

U must remember insas was leading almost for the whole year mah...!!

I think by year end insas will beat QL flat loh...!!

Hi Titan, petrochemical business is not only "plastics". Pchem Produces olefins, derivatives, aromatics and many base materials used in many markets. This is a super compound which is sold to many producers to make many products which currently cannot be replaced with green materials due to price considerations.

Among them:

Apparel
Sports & active wear, socks, hoodies, thermal underwear; lining fabrics.

Home furnishing
Olefin can be used by itself or in blends for indoor and outdoor carpets, carpet tiles, and carpet backing. The fiber can also be used in upholstery, draperies, wall coverings, slipcovers, and floor coverings.

Automotive
Olefin can be used for interior fabrics, sun visors, arm rests, door and side panels, trunks, parcel shelves, and resin replacement as binder fibers.

Industrial
In an industrial setting, olefin creates carpets; ropes, geo-textiles that are in contact with the soil, filter fabrics, bagging, concrete reinforcement, and heat-sealable paper (e.g. tea- and coffee-bags).
Adhesives and sealants
Construction chemicals
Corrosion control chemicals

Cosmetics and drugs
(With their purchase of da Vinci)
Cosmetics raw materials
Electronic chemicals and materials
Flavourings, fragrances, food additives
Pharmaceutical drugs
Specialty and industrial chemicals(
Specialty and industrial gases
Inks, dyes and printing supplies
Packaging, bottles, and containers
Paint, coatings, and resins
Polymer additives
Specialty and life sciences chemicals
Surfactants and cleaning agents

There are so many applications out there, if people stopped using plastic bags, the last people to worry about is PCHEM.

Now maybe you should read up on the isonanol plant being constructed in pangerang by Pchem. The only one of its kind in that size in this region.

No prizes if you can guess what is the application of isonanol.

It is also a country with a terrorist training center, support for Iran, and funnily enough the biggest US airbase in the region.

Donald trump keep scolding Qatar for supporting terrorist but his chief of staff general keep trying to support Qatar because it helps to store US army troops.

>>>>>>

qqq33333333 every few people know Qatar but in fact Qatar is nearest to heaven on earth with world's highest GDP per capital, a population consisting of 90% expatriates and good governance and second safest place on earth, next only to Singapore.
27/02/2020 12:34 PM

It was a hard choice, I hate to sell stocks. I sold ql at 8.6( from my previous purchase of QL at 6.25 during Christmas 2018) to buy more yinson at 6.4 earlier this month. I think almost all industries other than o&g will find themselves hurting in the short term under the virus and trade wars.

But I believed that yinson will get the Ghana contract ( they have previous project there) over international SGM, and in the next few years things will be really looking up for yinson.

Who knows? In a few years it may just be my 3rd 10 bagger company I hold.

>>>>>>>>>

Outliar Wait a min, Philip sold QL?
27/02/2020 12:00 PM

Old Man learn new tricks like buying Apple mah. In either case this is still a small sum under margin and selling at a good Corona discount.

We shall see where this leads.

I'm not saying Serba dinamik is a wonderful company etc, but having done maintenance contracts myself if you don't need to stock products it is quite profitable. And if problems happen in Qatar, they can get out with minimal losses, unlike case in point sumatec.

To be honest Serba for me is a safer bet. I treat them as a specialist company working in an o&g industry but not o&g themselves. Similar to how I previously bought yinson for the long term.

Hopefully they expand their operations away from middle East and concentrate more internationally.

>>>>>>>>

whereyoupunter oldman finally added serba dinamik ah? wakaka
27/02/2020 1:55 PM

Sapura go Holland got la.

As far as I know despite accounting land statistics, stockraider insas is losing 2 year bet with ql. And his big bet on this year stock competition of 30% weight age is not doing well, no dividend, no profits etc. How leh?

As far as I know, you are a fraud. Got no portfolio, got no results. Bjland la , insas warrants mgo la, sapnrg la whatever all bullshit.

Me? Pchem and gkent got lose money meh? No ah. Got no dividend meh? Got ah. Got factory exploded and disappear meh? No ah. Last I check IPIC and LRT3 contract still there and submitted claim to prasarana leh.

Follow you where? NETX ah?


>>>>>>>>>

stockraider As far as i know philip pick on oil n gas Pchem and construction gkent is very poor n all will make losses if follow him loh...!!
27/02/2020 12:27 PM

Really? After looking at the results, got dividend, got profit got sky-high revenue leh.


Unlike netx 76 million cap, 33k revenue, 10 years losses, 17 staff and no NFCP job for u.

My qualitative view on adding Serba dinamik, their main business model is operations and maintenance, all items that require very little in purchasing big ticket items or storing warehouses of equipment. Mostly needed is just simple manpower and high level of expertise in servicing and maintaining equipment ( high engineering skill). They have 21 years of experience in this, their CEO karim is a technical man who knows a thing or two about engineering ( IR in mechanical engineering, same as me in requiring to get a certain level of points every year to keep the ir status and learniwhereng more everyday).

In terms of business prospects, Qatar is their biggest revenue and profit center. They are a unique country, very rich but supporting both Iran and USA ( terrorism and also the biggest US airbase this side of the world).

The interesting part has been that ever since the blockade and embargo ( but Saudi still says they will send aid to Qatar if needed), of Egypt, Bahrain, Saudi etc a lot of contractors and suppliers have dropped ( forced) to leave the country since 2014. Leaving the o&m space pretty much open to Serba dinamik to step in at high margins and huge demand. Going in at cheap prices, using technology transfers from cse global and India subsidiary ( https://www.thestar.com.my/business/business-news/2018/04/13/serba-dinamik-buys-big-stake-in-cse-global), they are building up a localized price with cheap costs to take jobs from international companies.

O&M is an interesting beast, due to its nature you will find that manpower expenses are the biggest cost ( variable costs) which is easily managed compared to inventory. Therefore you will see 1.2 billion in receivables ( below 30 days payment no impairment due to if not payment entire plant stops production not an option to delay, as we know production and profits to owner). On the other hand payables are very low due to only stocking small spare parts and ordering big items only when overhaul needed ( which if maintenance is done right not often).

Serba is also interesting in that it is similar to yinson, where it started out internationally, getting international team together first, then expanding back to Malaysia and SEA.

Is it a good bet? So far it seems good as the results have shown increasing revenues and profits, and a good line of credit from sukuk to fund projects.

We shall monitor and see from the latest qr report coming up to decide what to do.

SilvaMS, do you think QL business only consists of chicken and eggs? If only chicken and eggs I long time drop it loh...

But think about it, a chicken and egg business where you own the feedstock supply and production company? Where your chicken and eggs are sold in family mart? Where the chicken fertilizer is sent down to the palm oil plantations and mills? Where the frozen chicken, frozen seafood is sent to Australia and Japan? Where the biggest surumi supplier this side of town is being turned into ready to eat packages?

Eggs only no one cares. But eggs which make money when everyone else is losing money? Double the production in Vietnamese and Indonesia?

Sell more, drive lhi and layhong to losing quarters and shrinking profits. If eggs don't work, many other industries astound

That is why QL is worth my investment money in the long term.

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SilvaMS Qqq33333..ive made a general statement..no nees to get emotionally involve..answer me this...at supermarket went normal people buy eggs ..did they pick only ql brand only?..people couldnt care ql...or LHi or tpc or etc..they pick eggs only..dont be typical guys just like an eggs ..hehe..
23/02/2020 5:05 PM

Well, I hate disloyal betrayers who use a non existent excuse to grab power from a lawfully elected government.

But having said that, it is true.

He is not laughing or being smart now.

When you fly too near the sun, you get burnt.

Lctitan results is one time gain from disposal.

>>>>>>>

4Q19 PATAMI jumped to RM188m mainly on higher associate income driven by one-off gain from partial disposal of LCUSA’s equity interest amounted to RM140m. Excluding this, core earnings growth was rather minimal at 7% yoy to RM96m

I have 6 million in margin. And main cash assets is family investment.

Firstly, we look to the business itself.
?
Is PCHEM sustaining plant utilisation level above industry benchmark. YES.
What about the sales? While sales are dropping everywhere due to the virus, all production on hold, factories shutting down, businesses dropping, did it go down? No, the revenue of salesactually went up ( due to inventory clearance).

How about profits? Did Pchem lose money during this quarter? NO.

What happened to the profits? Margin compression due to MYR increase vs USD, Pchem clearing stock With the incoming slowdown at bargain prices. Still profitable, while maintaining 7.37% margins during the worst of times.

What is my qualitative view?

It is always an interesting question, sell more at a lower margin, or Sell less at a higher margin. In my view, if the long term demand is there and there is profit to be made, don't lose your existing customers and sell it to them at best market price. At 7% margins, they can do 4.2 billion sales in a world market slowdown, excellent! Drive the other competitors out of business into deep losses and production cuts, then when supply is cut short and demand normalizes, increase price and profits.

The qualitative impact here is this: while all the competitors are losing money and selling less, PCHEM can still make a profit and sell more.

The very definition of a economic juggernaut.

Now: will covid continue, trade war resume? I find it highly unlikely in the next couple of years. Is this a permanent condition for PCHEM, or a salad oil crisis for AMEX? I firmly believe IPIC would not have existed if the damand was not there.

Will product prices normalize? Yes I believe so, in the long run Pchem will be ok. This is probably a perfect storm, trade war+covid19+ soft supply market. But just as much, many petrochemical companies will declare huge losses, cut production and reduce supply in the wake of these factors, leading to a big turnaround when IPIC production picks up by 2021.

I know many of you may be upset and angry at the results, but bare in mind:

In this worst of times, PCHEM is still maintaining revenues, still making 300 million in profit.

I am still fully invested as I don't see anything that will affect the long term business prospects of PCHEM.

I still have a 7 cent dividend this quarter. Which come to around 238k to me, free of tax.

Which I will be using to buy more PCHEM this year at IPO PRICES.

I also have a further 10 million in unutilised margin set aside for these discount days.

But of course, sell if you want. I'm looking to buy more at cheap price

(Shrug)

>>>>>>>

management to sustain plant utilisation level at above industry benchmark.
The Group expects that product prices to stabilise in the coming quarter. This is in view of supply limitation following planned regional plant turnarounds, supported by stable demand. However, we remain cautious amidst market uncertainties caused by the ongoing US-China trade disputes and the COVID-19 outbreak which can further dampen GDP growth.

And in the last 3 years insas and inari revenue and profits has been steadily dropping, long term performance?

Explain to me what good performance do you see?

I am very interested to learn what has grown in INSAS valuation for the last few years in business growth.

https://youtu.be/JvEas_zZ4fM

Treat it as buying businesses instead of buying stocks.

Yes very hard to work out. Let's try.
Strong results, revenue 46 million, profit after tax 31 million. But of course, not all profit is the same. How do we check that? Tax expense ( 2 million). Why pay so little tax?, Shouldn't insas pay 10 million in tax expense like the rest of us?

( mainly due to higher brokerage and corporate
advisory fee income generated by the stock broking and corporate finance advisory units and
higher unrealised gain on fair value changes of financial assets at fair value through profit or
loss. )

Unrealised gain on fair value. Ah, is not cash. It's accounting land. So, what is real?

5.3 million in dividends paid out to preferred shares holder and retail investors.
Very good.

Insas business itself:
Financial services revenue 17.9 m, profit 7.8 m.
Investment holding, revenue 8.8m, profit 5.3m. UNREALISED gain on fair value and foreign exchange 10m
Technology, revenue 2.4m, profit -0.8m. gain from Inari 6.9m.

In terms of year to year, business in terms of REALIZED operations, real revenue and profits has dropped. Gains for this quarter are non cash. In terms of operational profits, revenue and profits are dropping year on year, quarter on quarter in business terms. This business is not growing its retained earnings, and is selling subsidiaries.

Thank you.

Hmmm