A business operating an online supermarket would have been too much for you at PE 100. Or did you buy Amazon?

A business selling 100k electric cars a year being valued more than many major car makers selling millions of cars despite not making a profit for many years. Or did you buy Tesla?

How about buying a business that operates as a bus company plying the Singapore/johor routes that is now worth 8 billion? Did you buy yinson?

When you last analyzed ql, did you know it would sign a 2016 family Mart 300 store franchise agreement? Or that it would double egg production overseas in Indonesia and Philippines? Obviously I didn't.
Anyone who told you they knew would be lying, because even the management did not.

But what I did differently than you and many gurus, was staying invested.

WHY SELL SOMETHING THAT HAS GONE UP, JUST BECAUSE IT HAS GONE UP?

When you notice a certain ability in a company to perform, you stick around to see what happens, see if it was just luck, or whether they are able to meet the challenges. If you say a simple egg company like lhi is not worth pe60, I totally agree. But a ql? They have shown the ability to enter new industries and dominate. Not only dominate, while many companies are losing money, their vertical integration has allowed them to profit while others show losses.

In any case, you have written many great stories yourself. However you only show half the picture, of what you think people should do. How about the other half? ( Which many gurus suddenly go quiet and shy away from saying)

HOW HAVE YOU IMPLEMENTED YOUR OPEN STRATEGIES SO FAR AND WHAT AE YOUR LONG TERM RESULTS?

If possible, I would like see your 10 years record of your portfolio holdings, date of purchase, date of selling, results.

This is to hear great stories from you.

1. How you value stocks by looking at what you bought when you bought it.
2. What you did when the stocks went up. Did you sell too fast?
3. How you reacted when the stock pick went down. Did you average down? Or did you cut loss too fast?
4. What was the performance of the overall market, and how you performed versus the market at the time.

Yes, I would like to read the annual report and letter of Mr kcchongz, who seems to know so much like warren buffet, does classes and writes ebooks.

But no sifu or guru teaches by example like warren or charlie.

Or are you one of those who practice,

DO AS I SAY, NOT AS I DO?

There are 2 very interesting facts here.

1. How to identify wonderful companies.
2. What price should one pay for them.

The problem is usually hindsight. In actuality, most people identify a quality company only after it has overperformed and hit targets. Then we say oh yes public bank is a quality company, and topglove is a quality company. But rarely do individuals buy it when it was a good company becoming into a quality one.
The fact of the matter is: no one ever buys a wonderful company. What everyone usually does is start with a potentially good company, and sit along for the ride.

As for price: no one can say a valuation is too rich or too poor for a wonderful company. Just because a company has high PE does not make it a bad deal, if it continues to hit it's targets and milestones.

I remember kcchongz saying that he noticed ql during one of his seminars. He did not buy it then. Last year I remember everyone saying ql was overpriced at pe50 and should sold. Then as revenue and earnings hit all time highs the share price increased by 25%. Now it is pe60+.

Is this overpriced? If using past data and metrics it is. But if the earnings double, you would only be paying pe25+ in terms of future earnings ( assuming you have a crystal ball).

In absence of a crystal ball, I use the boxer analogy. A young boxer who trains everyday, fights everyday gains a certain reputation, a certain confidence. You can't tell how he will perform, but the diet, the roadwork, the management. As he goes to the fight, you hold your breath and wait for the results. When he wins, you can breath a sigh of relief and put more betting money in him. You check his training schedule. What belt he is going for, in which country. If he is fighting against the best fighters, it a sure won battle. Each time he wins, you get more confidence because of his history of winnings and the opponents that he will face. Each time he loses, you check and see if he lost because he was drinking or partying, or if he has the will to retain and improve his body. By backing the right boxer slowly as he grows, you will find yourself supporting a world champion.

I always find the concept of dropping a world champion just because he has won a belt silly, and picking a new one that hasn't won one just because he COULD even sillier.

But putting all your money on the young boxer that won his first fight every sillier, just because he won a fight and the world doesn't know his name yet doesn't mean you should go all in on him.

In other words, buying just because nta is high or PE is low is a recipe for distaster. Investing is a far more complicated sport than reducing it to a few standard metrics.

It doesn't matter who or where they come from. The biggest fraud affecting the Malaysian people is jho low, a Malaysian.

For me, in valuation, I keep a valuation metric that is simple and easy to use that it becomes subconscious. You should use it as well for every deal in life, not only in stocks, but general valuation of a proposal.

How to think like a crook.
1. Appeal to their greed.
2. Appeal to the fear.
3. Hide important info.
4. Make the business as complicated as possible.

For me, making money is usually a very straightforward deal that is easy to understand. So when one of those 4 criteria come up my subconscious gets worried, and if any combination come up or all 4? I just walk away, even if the business might actually be real.

Sometimes you have to just walk away.

The frauds usually have a recurrent theme.

1. Greed: a high assets base ( but low valuation), like buying a BMW for only 10,000. Or a business with 50% growing margins ( in an industry where the average is 15%), or high dividend or 10%, or a billion in cash in bank but entire company value is 200 million. Basically anything that sounds too good to be true.

2. Fear: stock had run up in price, and you fear losing out so chase further. If you don't buy now in the next ten minutes the offer disappears forever. Never be cornered to make immediate decisions. It's ok to make less, and buy in bunches after reading the quarterly report, trade journal, market review, instead of buying everything in one go. It is important to learn the difference between a temporary dip in profits and a permanent dip in profits.

3. Read the fine print. If a company promises 20% a month in gains but doesn't reveal exactly how they do it, stay away. If every company takes 50% deposit to build shoes, then collects the rest before delivery, you have to wonder why xinquan could have sold 3.6 million shoes without collecting full payment. Impairments. Risky deals. How Bernie Madoff could make 10+% growth consistently like clockwork for decades, even through crises and good years.

4. A company that has a lot of subsidiaries, where the accountants themselves get lost in the shuffle. Mark to market accounting, bizarre investments like wework ( long term lease from owner, short term lease to tenants), welife, wegrow which tried to brand everything as a tech company. Things that you don't understand but sounds amazing had nothing to do with making money.

Instead of complaining when you step on shit, it is usually more efficient to avoid stepping on shit in the first place.

>>>>>>>>>

pjseow Remember Transmile and Megan media ? The CEO s were from Malaysia and Singapore. What about ENRON , an American company who cheated on its shareholders life savings? What about the money game companies like JJPTR, MBI,GENEVA etc .These are Malaysian companies. While there are ugly Chinese, there are also ugly Americans and Ugly Malaysians.
19/01/2020 12:25 AM

When you have buybacks, contract wins, successful handover and a perpetual bond guarantee, that is a recipe for success.

After manny years, I realized going to AGM serves very little purpose which can be solved by reading annual report and fact checking info from third parties.

1. If you have to attend AGM to get info it means there is something that you distrust about management that is not revealed clearly in the annual reports.

2. If the management is not doing a good job, why but the stock in the first place.

Icon8888 has no way one knowing when stocks are fundamentally cheap. You see, he bought lctitan at 4.15.

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

And when pressed about it he says he cut loss and sold quickly.

But when he buys stocks with one hand behind the wheel and another frantically pressing the buy option on his handphone, you will know that he really doesn't have a plan, but a series of lucky guesses.

Not to mention he is super emotional guy. Emotional people do not make good investors. Down a bit they say bring you to Holland. Up a bit they shake their waggly tail

>>>>>>>
Posted by Icon8888 > Feb 20, 2020 9:08 AM | Report Abuse

I have been through worse thing in this forum. People cursed my deceased mother and said wanted to fxxk

I am used to being cursed

By people like you

So, go ahead to hate me


>>>>>>>

It is impossible to buy at the bottom. Based on my experience, 9 out of 10 times, stock price will continue to drop after you take position. However, if your judgment is correct, it will ultimately rebound. (of course, the opposite is true. If you are wrong, you will go to Holland)
>>>>>

Posted by TA_trader > Feb 20, 2020 10:37 AM | Report Abuse

Icon please share how you derived your conclusion on abmb being fundamentally cheap?

Raider raider.... After so many years you still don't understand what is meant by assets? If you ever learn anything, learn that there are many different types of assets, otherwise you will keep falling into the same trap forever.

If you only use level one thinking then you should buy all the property stocks, TALAMT, ASIAPAC, bjland, etc those companies. Asiapac is a good deal right? Selling for 13 send today with nta more than 1 ringgit?

But the answer is simple: there are many different types of assets, just as the earnings return on assets and equities employed play a huge difference in valuation.

It is pointless to shout insas is worth rm3.50, sapura is worth 0.86 per share, ASIAPAC is worth rm1 if you do it without context of the quality of the asset.

Why do people spend so much money to chase dlady? A company that has a net asset of RM 2.3 is about to produce rm1.65 in net earnings. Imagine how efficient that is. In comparison, a company like sape with 13 billion in "assets", last year has a asset value of 0.86 per share, but made you a loss of 2 ringgit.

Why is context important? It gives you a story of impairments. What is the real value of the assets, and how much in actuality you can monetize it. It answers the question why TALAMT, ASIAPAC, insas, sapura seem to be stuck for such a long time, while other stocks keep going up and up.

In the end all that matters is earnings per share, how much debt is being raised to fetch those earnings, how efficient the assets are in growing earnings, and how much you the shareholder is getting from your ownership of shares ( buybacks, dividends, etc)

If you want to keep on using NTA as your investment metric, at least do it properly and put it in the context of earnings return on assets employed, ROE, and assets to earnings growth.

In either case, if you need to chase, chase future earnings growth, instead of buying NTA accounting companies.

Else, just dump all your money into those developer companies. They have all the cheap assets you can ever want ( empty unsold condo which you have to pay loan and interest every year).

In August 19 stoneraider said insas go to 90 cent.
In January 20 stoneraider said insas go to rm1.
Now in April 2020, stoneraider say insas can go to 3.50????

Who is giving false information here?

>>>>>>>>>

AFTER 2 MTHS, WITH LONGEVITY OF INVESTMENT, IT CAN ATTAIN THE TARGET OF RM 3.50 A RESULT U CAN BE PROUD & CAN TELL YOUR CHILDREN OR YOUR GRAND CHILDREN YOUR SUCCESSFUL FORAY INTO AN UNDERVALUE MARGIN OF SAFETY INVESTMENT LOH....!!

Ok good for you! Hope everything goes well. For me I'm not looking for huge profits with huge volatility. I prefer growing consistently year by year with a company that has a high margin of safety, margin of safety in this case meaning chance of long term earnings hit is low.

Armchair analysts just talk nonsense from computers and buy with one hand behind the wheel and the other frantically pressing buy button on the phone.

Real investors go down to Penang to enjoy prawn mee and visit the factories to get a better understanding of the companies before deciding whether or not to buy and sell.

FYI, my remark was a sarcasm because someone lumped all earnings under semiconductor equipment.

>>>>>>>>>>>

Philip (Can I advise you?) I totally did not know they did semiconductor business. All this while when i visited their plant in penang I only thought they did fabrication of the hard disk drive pins and metal spring miniature steel fabs.

which part of semiconductors do they produce?
23/10/2019 7:27 PM

Since you know what you are talking, where does it come from? Like some Jokers who buy lctitan at high price with one hand behind the wheel. Unlike some who don't even bother understanding a company and just buy first think later, I try to understand the business first. Buy the ctos reports, get the industry journals.

FABRICATION OF PRECISION TOOLS AND MACHINERY PARTS AND MANUFACTURE OF AIRCRAFT AND OTHER EQUIPMENT PARTS, SPARES, COMPONENTS AND PRECISION ENGINEERING PARTS

https://www.ctoscredit.com.my/business/SAM-PRECISION-%28M%29-SDN-BHD-0043230K

I try to understand what it is that Sam precision, Sam tooling, Sam technologies what exactly that they do. Last year when Sam was brought to my attention by another investor, I went to Penang to have a visit. Their main locations are in Penang and Thailand. Aerospace in Singapore and Penang. With their latest Bukit minyak facility.

Like some idiot reply,
"Sam Engineering derived a significant amount of profit from semiconductor equipment manufacturing. " Funnily enough she lump everything under semiconductor equipment manufacturing.

If you go through the breakdown of companies revenue and earnings ( I did) from the ctos reports ( only a few ringgit per report), you can see how the breakdown of earnings come from their subsidiaries.


https://klse.i3investor.com/blogs/icon8888/2019-10-21-story231104-_Icon_Sam_Engineering_An_Overlooked_Semicon_Play.jsp this is the article where someone lumped all earnings as semiconductor equipment manufacturing.

You have Sam precision, Sam tooling, Sam precision Thailand and meerkat.

You will quickly notice they are a die and jig manufacturer ( which coincides with their speciality in aerospace CNC and 5axis precision cutting).

Do you think they are a semiconductor OSAT maker on the scale of inari? No, they supply precision equipment to them.

They do tooling and jigs for globetronics in Penang (LED), they supply equipment and support to ASE electronics. They supply obviously to manufacturer of HDD and SSD ( Thailand). I mean come on, they are a member of the fmm in Penang. So many ways to scuttlebutt and get info on what exactly they do and what are the limits of their production capacity. Why lie and lump all under semiconductor equipment manufacturing?

But lumping everything into one and calling it semiconductor equipment manufacturing, that is brilliant.

As for Holland in Pchem, it remains to be seen. My timeline is different from yours. If you bought Sam at 8.5 and saw the price today you will say Holland. But those who bought PCHEM with a 3-5 year view and bought rm6 million of shares during discount day at 6.2? Come back to me next year when PIC is in full production, if the earnings and revenues drop then, then you can say whatever you want.

Until then, YOU do not know what you are talking.


>>>>>>>>

Posted by Icon8888 > Feb 19, 2020 6:43 AM | Report Abuse

To those who claimed SAM non aerospace business is mainly from HDD, you don’t know what you talking

What does Corona virus have to do with the long term prospects of Sam? Similar to sars, I predict the virus is contained and will disappear by June,

I concur. And I think this is excellent 2nd level thinking.

>>>>>>>>>>>


I think SAM would continue to grow, albeit at a much slower pace, as I trust this Singaporean management team.

So I shall adjust your portfolio sell everything and concentrate on netx only right? Please advise when you are selling and buying more thank you.

Dutch Lady Milk Industries Bhd
KLSE: DLADY
43.36 MYR +0.86 (2.02%)
18 Feb, 5:00 pm MYT

NetX Holdings Bhd
KLSE: NETX
0.015 MYR −0.0050 (25.00%)
18 Feb, 5:00 pm MYT

The choice to invest is yours and yours alone.

I will stop posting at this thread. Good luck all.


>>>>>>>>>

Posted by calvintaneng > Feb 18, 2020 5:08 PM | Report Abuse

Yes ah

I will sell all others and wait at 1.5 sen then

I thought you were a transparent referee? How come can simply add words that were not in my posting? If you are really a referee, if you cannot find any post that say I bought at 10 and promote more at 10 ( highest Pchem price was 9.60), I expect you to apologize. I have indeed bought more shares ( rm6 million at 6.2-6.3) and it is listed in my portfolio.

Do you have any proof I bought and promoted at 10?


>>>>>>>>>>

Posted by dragonslayer > Feb 18, 2020 5:29 PM | Report Abuse

philips also tukang tilik at PChem mah.....tilik from Rm10...sampai..RM6 also...what a kaki lima tukang tilik....all also tukang tilik...only...different standard only...dun laugh lah;;;;

I never buy local companies that has their main exposure in other countries, as I cannot monitor or scuttlebutt as well.

For example,

Latitude tree
Xinquan
China stationary
Maxwell international
Kstar sports

There is just too many variables. At least here I can monitor, visit gkent office. See their projects. Understand the progress.

For kpower, there is too many unknowable items, to play 2 year.

I prefer gkent with its guaranteed orderbook.

>>>>>>>>>>

want to play 2 years money? then scib abd Kpower
18/02/2020 5:18 PM

I believe there will be a price pop in 2022 when mrt2 handover and full collection. There is also a big pop in 2023 when Honeywell manufacturing full transfer to GKENT. And 2024 lrt3 full handover will have a bug dividend.

In the short term, your guess is as good as mine.

But in the long term, a well managed company with cash and history of profitability will not let you down.

>>>>>>>>>>

RainT when price can touch RM2?
18/02/2020 2:25 PM

I couldn't have said better myself.

>>>>>>>>>>>
While we understand 50x PE may appear to be a rich valuation, given the size of QL, growth prospects highlighted above and lack of alternative investment options of this magnitude in the consumer sector, we feel this is justified.

Its funny how analysts are either very optimistic or very negative based on past info, but make funny assumptions into the future. Well, the thing is, these are all very achievable and simple goals to reach, low hanging fruit which have a low chance of failure, as the initial push and risk outlay has been done years ago. Now it is just a case of expanding on all cylinders and moving forward.

I believe QL will get 2 billion in revenue every quarter from organic expansion, with a 5% net earnings or 100 million a quarter in earnings in a few years.

When that happens, the next thing on the list is to start or buy over a growing franchise (i hope it is in& out burger), and expand in south east asia to become the next big thing here and dethrone cp.food.

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

QL Resources - Consumer juggernaut deserves a premium PE
Author: HLInvest | Publish date: Tue, 4 Feb 2020, 5:29 PM

We met with QL management and came away feeling positive on the group’s prospects going forward. Forecasts remain unchanged. We raise our TP from RM6.56 to RM8.20 based on a higher PE multiple of 50x (+1SD above its 5 year average PE) from 40x previously. While we understand 50x PE may appear to be a rich valuation, given the size of QL, growth prospects and lack of alternative investment options of this magnitude in the consumer sector, we feel this is justified.

We met with QL management and came away feeling positive on the group’s prospects going forward.

Integrated Livestock Farming (ILF). QL intends to increase egg production capacities in Indonesia (to 1.4m from 0.85m) and Vietnam (to 1.8m from 0.85m) over the next four years. We expect egg consumptions in Indonesia and Vietnam continue to increase as both countries become increasingly wealthy (egg consumption in Indonesia increased from 60 eggs per person p.a. in 2011 to 90 currently). Note that in Malaysia, egg consumption tops 300 per person p.a. currently. We are positive on these growth ventures as we are confident there is still room for growth in consumption for Indonesia and Vietnam. As QL is already a large poultry player, we see little execution risk in these ventures. Note that currently, QL already produce approximately 5.7m eggs per day (4m of these in Malaysia).

Marine Processing Manufacturing (MPM). QL’s fish ball and surimi processing remain dependent on weather conditions, which effect volume of fish catches. In order to mitigate this risk, QL have ventured into aquaculture production (which involves farming of fish, prawns etc. under controlled conditions). QL intends to increase production capacity from 2,000MT currently to 6,000MT p.a. in the next four years. We understand aquaculture products are sold to Australia, China and Japan markets.

Palm Oil Activities (POA). Surging CPO price bodes well for QL’s plantation division. CPO price surged 45% since mid-2019 to ~RM2,850/mt currently. HLIB expects CPO to average RM2,550/mt in FY20 (+13.5% YoY). QL’s plantation division is well positioned to take advantage of the high price, as 85% of their planted trees are in their prime fruiting age.

Family Mart venture. QL currently has ~170 operational outlets, with plans to open a further 80 stores in FY20. We expect new outlets in Klang Valley and sub-urban areas in addition to further locations in Johor Bahru, Melaka and Negeri Sembilan. They intend to have 300 operational outlets by FY22. We are very positive on the group’s venture into the convenience store business as the profitability of stores has far exceeded our expectations due to (i) higher average ticket amount; (ii) higher average customer count; and (iii) skewed sales mix toward fresh food. QL shared that the capex requirement for each store averages RM400k. We are very positive on the group’s Family Mart venture as our internal calculations indicate Family Mart has already turned profitable in under 3 years, which was previously expected to take 7 years.

Forecast. Unchanged.

Upgrade to HOLD. We like QL for its diversified revenue streams, seasoned management team and decent growth prospects. We raise our TP from RM6.56 to

RM8.20 based on a higher PE multiple of 50x (+1SD above its 5 year average PE) from 40x previously. While we understand 50x PE may appear to be a rich valuation, given the size of QL, growth prospects highlighted above and lack of alternative investment options of this magnitude in the consumer sector, we feel this is justified.

Source: Hong Leong Investment Bank Research - 4 Feb 2020

3iii is making up for it by warning investors on NETX red flags.

Gkent has AWARD letter and just submitted 40% progress claim for lrt3 for 11 billion, not to mention mrt2 claim for 1 billion to order track cars, as well as final claim for hospitalsa to hand over this year. Got revenue, got earnings, got 200 million cash. As well as 25 million of share buybacks this past year.

Which is more than I can say for Calvin NETX. No award letter. 33k revenue. Never made money. Esos given for losing money at market price. Private placement. Billions of shares outstanding. The only reason why NETX can't go lower is because it is already a super penny stock fuelled by speculation. Once the speculation dies down, NETX will kaput.

No IMDB boss no worries, LGE award new contract to gkent for LRT3. Last time 8 billion project. Then increase capacity to 32 billion. Now revamped back to original design but give extra 2 billion. Share a bit with LGE party everyone happy happy.

Any news for NETX award letter yet?

>>>>>>>>>

calvintaneng Gkent

Gk?

Going kaput as IMDb boss not around anymore
17/02/2020 4:33 PM

Dutch Lady Milk Industries Bhd
KLSE: DLADY
43.00 MYR +0.100 (0.24%)


NETX : 0.02
Bid volume 0.015 (1527849)
Ask volume 0.02 (116887)

Very good!

I3lurker uses computers to think for him. That is why his results are always subpar. If I have d listen to Monte Carlo simulation, I would not have held QL from 2009 until today 2020 and still going up from 6.7 to 8.6.

Interestingly enough, ulam and von Neumann ( from the Manhattan project that created the atom bomb) created this simulation while playing solitaire, which is by itself a fixed game with low variables.

In essence, Monte Carlo simulation only works if you assume efficient markets. Which I believe do not exist.

Anyway, I don't use it for project study anyway either. I am a firm believer if the if something can go wrong, it can and will go wrong sooner or later.

If you have ever commissioned a palm oil refinery before you know exactly what I mean. The problems that usually come out, come from left field. Something totally out of expectation.

Thank you

In any case,

What is this?

*Intrinsic Valuation Desk*
Intrinsic Value @ 10% disc rate = RM 1.68, IV @ 3.6% = RM 13.00, IV @ 7.5% = RM 3.00, IV @ 12% = RM 1.17,

This is backward looking data. Incomplete picture.

Investment is laying down money today, to get a piece of the future earnings.

Now if smartrobie was REALLY SMART,

He will give the intrinsic value of QL 10 years from now, and give me the calculation of future valuation and how much I should be willing to pay for QL today.

All of the data smartrobie has given is quantitative and based on ratios of safety. Change one perimeter and the entire valuation changes.

What if the price of frozen seafood goes up? Valuation of earnings changes.
What if Malaysia and Indonesia starts using biodiesel as a government policy? Valuation of earnings changes.
What if chicken disease and lhi goes bankrupt and egg shortages occur? Valuation changes.
What if family mart expansion to East Malaysia, franchise to family Philippines bought from itochu?
What if QL expands into f&b franchise and buys over in & out burger chain? Valuation changes.

So you see, you and smartrobie can only see what is in front of you, nothing more nothing less. You could not have anticipated Palm oil prices increasing to 3000+. In fact, neither could I. I also cannot see the future, except for milestones that have been preset ( fixed sales of surumi bulk orders for Olympics Japan 2020), ( family mart store count of 300 by 2022).

Not knowing the future, we look to the past and present and future goals, compared to the management capability to perform.

QL is overvalued because it has performed. As long as it continues to perform, it will continue to be overvalued. More importantly, it has the financial and management capability to continue to perform, because it stays within its circle of competence.

As should you.

Thank you

Sslee you have been saying QL overvalued from 2019 till 2020. Share is overpriced? Using what metrics? What are you comparing it to? Meanwhile instead of yoyo up and down like insas, all I have done is constantly add more and more and more each year.

Just a simple question though, who is QL competitor that has 160 family mart units, 30,000 acres of Palm oil, multiple refineries, biggest surumi and seafood frozen export division, and egg seller.

Until today I have yet to find one company with the same level of expertise.

Every year you say overvalued, every year the revenue, earnings and share price go up and price you wrong.

Thank you

CALVIN WITH 100 STOCKS, WHY YOU AVOID STATING YOUR LOSERS AND ONLY PICK YOUR CHUN CHUN CALL WINNERS? WHY DO YOU NOT AVERAGE OUT YOUR RETURNS AND ONLY SAY THOSE WHICH MADE MONEY? WHY? WHY?

IT DOESN'T MAKE ANY SENSE. IF I PICK 100 STOCKS TOMORROW, AFTER A FEW MONTHS WHEN 1 OF THEM WORK OUT I SHOUT THE WHOLE WORLD I HAVE A CHUN CHUN CALLS?

WHEN YOU LOOK AT THE TOTAL STOCK PICKS, OF 100 STOCKS, HOW MANY WORK OUT AND HOW MANY KAPUT?

TELL ME CALVIN, HOW HONEST ARE YOU?

THIS KIND OF LOGIC YOU ALSO FAIL TO UNDERSTAND?

IS THAT WHY YOU KEEP WRITING AND PROMOTING ARTICLES ON NETX WITHOUT WAITING FOR EARNINGS AND REVENUES TO GIVE YOU THE RESULTS YOU WANT? WHY KEEP WRITING ARTICLES, UNLESS YOU HAVE ALREADY LOADED UP PRIOR TO PROMOTING THE SHARES?

YOU HAVE TO UNDERSTAND THESE BASIC INFORMATION.

QL TODAY IS RM8.65. 14 BILLION DOLLAR COMPANY.

RELEVANT ENOUGH FOR YOU?

NFCP on confirmed basis? Will the lies never cease? Where is the proof in that? calvin your continued lies to innocent investors will lead you to hell.

>>>>

One party say Netx not doing Nfcp and one party saying now doing on confirmed basis

Dutch Lady Milk Industries Bhd
KLSE: DLADY
42.28 MYR +0.78 (1.88%)
17 Feb, 12:28 pm MYT · Disclaimer

dragonslayer... you are another one with a lot of talk but no history of returns. you hang around alot at sapura, playing with spinningtop. you are someone who like to referree and play play stock competition, but i never see you participating at all.

since you are referree, what is your purpose in commenting so much? a referree should just keep quiet by the side and track figure.

here i help you do your work:

https://klse.i3investor.com/servlets/pfs/133552.jsp

anything else? do you like being a troll?

in any case, if calvin tan can keep promoting article after article, I think it is good that I respond to some of the more frivoulous ones.

Do you see me commenting on his dayang article? or his lafarge articles? When I agree on something, I keep quiet.

It is when he keeps throwing out article after article on the obviously bullshit stuff that I respond with a clear and direct view. I commmmented on his Maybulk, his TALAMT, his SCOMIES, his ASIAPAC. his NETX. When it is clear and obvious who the real winners will be.

Unlike you who only love to troll around. Do you have ANY views at all that can benefit the forum? instead of commmenting longdeshit and stock competition and shark operators etc. any clear and concise views on NETX?

In fact, do you have any stocks at all?

see here we catch another one of calvintaneng numerous lies...

simple google search. 3 years ago 17/2/2017, dlady share price was 54.32.

how did calvin arrive at RM76? Is it the same way he arrived at netx going to get NFCP? perhaps calvin can really see the future...

in 3 years DLADY will be 76, and NETX..... 3 billion more in share dilution?

https://www.google.com/search?q=dlady+share+price&oq=dlady+share+price&aqs=chrome..69i57j0.1902j1j7&sourceid=chrome&ie=UTF-8

>>>>>>>>

Posted by calvintaneng > Feb 17, 2020 12:56 PM | Report Abuse

Philip always talked nonsense

3 years ago dlady was Rm76.00 and Netx was 3 sen

Now see 3 years later how much netx shall rise

Posted by Philip (Can I advise you?) > Feb 17, 2020 12:53 PM | Report Abuse X

after commment bullshit like this, hengyuan goes up to 10+% to rm4.25.

stoneraider more likely than stockraider.

Random actions = random results

you really think you are stock god?

>>>>>>>>

stockraider Can i advice U ??

I agree with sslee after much due diligence ,that HRC is not forthright in its dealing, operations and disclosures, thats why capex way exceeded budget and profitably fell short of target loh..!!

Current price Rm 3.88 looks cheap, but better join brother Jon Choivo buy Petron mah...!!

Yes u pay more premium for Petron, but u r paying for a better manage company, stronger balance sheet, better dividend & profit and u r buying into a more balance company with Petrol station & refinery mah...!!

I think Petron may can even give a very good run for the money against PETDAG and SHELL, as Petron being no 3 boys has gained mkt share with the latest record of 21% mkt share mah !

U r safer with Petron Petrol station and Refinery compare to pure Hengyuan Refinery loh...!!

For those hoping Hengyuan can get back to Rm 19.00, i think u should put your dream in Petron better mah...!!

Posted by pang72 > Feb 14, 2020 5:24 PM | Report Abuse

Why Eveeyone grab on rm19 but nobody grab in rm3 88?
15/02/2020 3:54 PM

after commment bullshit like this, hengyuan goes up to 10+% to rm4.25.

stoneraider more likely than stockraider.

Random actions = random results

you really think you are stock god?

>>>>>>>>

Posted by stockraider > Feb 15, 2020 4:12 PM | Report Abuse

U r safer with Petron Petrol station and Refinery compare to pure Hengyuan Refinery loh...!!

For those hoping Hengyuan can get back to Rm 19.00 like the unfortunate GooShem, i think u should put your dream in Petron better mah...!!


Posted by GooShem > Feb 15, 2020 4:09 PM | Report Abuse

shut up lar stupid raider . you really think you are stock god?

I wonder if anyone other than 3iii bought dlady 3 years ago?

Anyone bought netx 3 years ago?

oh well then. if you had bought DLADY at RM30 back in the day, you would have received RM18 in dividends.

how much has netx given back to its shareholders? those that have bought netx faithfully through the years will know the answer.

>>>>>>>>>
Conclusion
I personally would not invest in this stock. One reason is that the share price is too pricey for me (the minimum purchase will cost more than RM 6000). Another reason is that it does not hit most of my criteria. Nonetheless, if you have purchased DLADY two to three years ago when it was selling at RM 40+, you would already have a very handsome profit today.

fake 3iii ran out of things to say... he was about to comment on QL, then realized QL owns family mart and price went up to 8.63. Looks like I'm going to win the CharlesT Stockraider Bak Kut Teh bet for INSAS versus QL 2 year bet soon.

Fake 3iii now realizes 3000 per tonne palm oil, all the surumi booked ahead of japan olympics 2020, and family mart exponential growth and nothing to say.

Wonderful companies do Wonderful things.

For Pchem I have a very specific plan. At 6.30 I continued to average down and bought 20% of netx market cap on margin. 7 million ringgit already bought, because I know when PIC full run and oil recover by 2021 onwards you will never buy PCHEM at discount prices anymore, and you will enjoy 50 cents dividend every year.

As usual you spout dayang ( which you sold so early, don't take credit for 2.7), penergy, carimim and uzma.

How about your articles on pantech, azrb, scomies, t7global? Your results are so random, a monkey could have the same results.

If I bought 100 stocks and just promoted the ones that went up and ignored the ones that failed I also can have CHUN CHUN CALLS.

But my chun chun calls so far is more accurate and profitable than yours.

https://klse.i3investor.com/servlets/pfs/123029.jsp for 2019

Right here.

>>>>>>>>>

While dayang, penergy, carimin, Uzma made gains petchem made losses

If you buy 40 stocks one of them is sure to make a gain at one point or another. Doesn't mean your overall results will be good.

How about seroja apartments? Until now still unsold.

>>>>>>>

Posted by calvintaneng > Feb 17, 2020 10:36 AM | Report Abuse

Not just penny stocks

Calvin called for a buy on lafarge cement at Rm2.25

So NETX cannot tell Philip but they can tell Calvin? So much bullshit.

No need to tell I can see from bid submission netx not in the picture.

Post removed.Why?

Post removed.Why?

SEE EVEN MORE CAREFULLY AND DON'T BE STUPID. BEFORE ADDITIONAL PRIVATE PLACEMENTS AND VALUE INCREASES, AT 1 CENT 25 SEPTEMBER 2019, VALUATION OF NETX WAS 35 MILLION. FOR A MEASLY 7 MILLION YOU CAN BUY 20% of NETX MARKET CAP.

WHAT HAPPENS WHEN SOME IDIOT BUYS 20% OF MARKET CAP, IT WILL DEFINITELY POP IN VALUE.

WHAT HAPPENS WHEN THE SAME IDIOT TRIES TO SELL 20% OF MARKET CAP? IT WILL CRASH LIKE A ROCK.

FOR FURTHER GAINS, IT WILL HAVE TO RELY ON THE COMPANY REVENUE AND EARNINGS. DID YOU SEE ANY REASON WHY A COMPANY LOSING MONEY AND REDUCING REVENUES COULD HAVE 100% JUMP OTHER THAN FOR SPECULATIVE REASONS? OF COURSE NOT.

THIS IS THE WOLF OF WALL STREET STRATEGY.

WHY DOES CALVIN AVOID LARGER CAPITALIZATION COMPANIES? HE OBVIOUSLY DID THIS BECAUSE SPECULATORS WANT VOLATILE, UNSTABLE COMPANIES WHERE HE CAN USE A SMALL AMOUNT OF MONEY TO INFLUENCE SPECULATION. HE TALKS A GOOD TALK, BUT IN THE END ALL HE SEES IS SHARE PRICE, NOT THE UNDERLYING COMPANY PROSPECTS. HE SAYS THINGS ABOUT NETX WHICH THE MANAGEMENT THEMSELVES DO NOT SAY. HE SAYS NETX WILL WIN NFCP TENDER, WHEN NETX DID NOT EVEN BID FOR ANY NFCP TENDER.

SPECULATORS BEWARE.


>>>>>>>>>>>

Posted by calvintaneng > Feb 16, 2020 12:29 PM | Report Abuse

Other counters going up?

On Sept 25th 2019

CALVIN BUY CALL FOR NETX IS 1 SEN

NOW IN LESS THAN 5 MONTHS NETX ALREADY UP 100% TO 2 SEN

SEE HOW MANY OTHER COUNTERS GOT GO UP BY 100% IN LESS THAN 5 MONTHS?

SEE VERY VERY CAREFULLY

Today I bought ql, I hold topglove, and I bought a ton of yinson. I bought more gkent at 83 cents and 6 million of Pchem at 6.30.

If you have a good stock that is was good when you first bought it, now that the price is low isn't it a far better option to buy more? If you are truly an investor you would understand that.

Or are you the shallow investor that thought the share price go down quickly sell and cut loss?

Wait, I forgot you were the dinosaur that has 40 stocks in 2019. Or are they only recommendations but you yourself never buy them?

Think on the logic a bit. You said netx is going to be work 6 to 12 cents. If that is so then 2 cents is a wonderful deal. If that is so, then why are you promoting luxechem instead of going all in on netx this year? Could it be you are not 100% sure on netx prospects? If it was going to be worth 12 cents in a couple of months, why don't sell everything and put it all into NETX?

What is relevant now for me

is holding topglove ( waiting for aspion acquisition to turn around)

Adding more into QL when quarterly results show progress ( and Olympics 2020 and family mart expansion takes off)

Adding more yinson ( wait for award letter from brazil Petrobras)

Adding more gkent ( 11 billion GUARANTEED award for lrt3, 1 billion guaranteed order from mrt2 2022 and 2024. Unlike netx zero awards)

Adding more PCHEM ( waiting for 105 billion pangerang project to go full production in 2021)

Adding more stoneco ( banking license approved)

Tell me, do I cut loss for all your 40 promised stocks and put all into NETX?

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

This was your 2019 results. So many red, even the profit from green cannot cover.

SO CALVIN, DO WE CUT LOSS ON SASBADI, TALAMT, ASIAPAC, ETC AND PUT ALL INTO NETX? IF THE ANSWER IS YES I WILL CHANGE THE PORTFOLIO AND MAKE IT SIMPLE, PUT ALL YOUR STOCKS INTO ONE INVESTMENT NETX. OK? ALL OF IT BUY AT 2 CENTS? OK?

I am also not from a financial background. But if an old engineer can learn new things, so can you. If you don't know how to value banks or can't be bothered to read financial reports, it might be wise to avoid investing in banking industry. What do you do for a living? Investing in things that you know well might be the way instead.

>>>>>>

Posted by keonkx123 > Feb 17, 2020 12:41 AM | Report Abuse
Financial
Hi Philips, can you analyse and compare between Alliance bank and Ambank? In a layman term please, as i am not from financial background

You can see my current pick here. I have stated and still hold ( don't worry when I sell I will place a comment with timestamp when I buy and when I sell). Each time I top up purchase on margin I will post in my trackable portfolio. As you can see from my 2019 results to date it is far better in totality and in concentration, than all your promoted stocks in 2019 in totality.

Basically, if I put 100k into all the stocks you printed l promoted I will get nothing. But if I put 100k into the 6 stocks ( including NYSE: stoneco in 2019 January 4th), I will have made a very good profit indeed.

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

Empty vessels indeed.

I also kept a record of all your promoted stocks in 2020 and when you promoted them.

Just for posterity, you see. So I know what kind of investor you really are.
>>>>>>>

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

This is my 2019 portfolio, not including my 200k STONECO shares that were bought on 4th January 2019 at average price 18.50. results? Tracked? Previous years untracked excluded? Fyi I bought ql in 2009 and unsold. You criticized 10 billion dollar ql at 6.7 as quickly locked up. Now it is 8.50, highest revenue ever, highest earnings ever, and Palm oil 3000 power tonne. Quickly lock up? Topglove. Yinson. Gkent( waiting lrt3 11 billion GUARANTEED order unlike your NFCP 50 billion no award letter to netx), PCHEM ( already completed and starting production of biggest integrated complex in SEA with 3.3 million per annum production). Guaranteed production. Even my pump and dump article of PPHB is doing much better than your pump and dump article of TALAMT, sasbadi, maybulk. Scomies. Asiapac.

How about Calvin tan results?

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

This is your 2019 tracked portfolio with promotion date.

Let us compare period to period, as you only put a specific buy period ( after pump and dump), with no claims on selling period ( usual for pump and dumpers). Put in 10 thousand into each stock in your list(400k), versus 400k split into the 6 stocks that I hold ( including NYSE:STONECO), and the results should be clearly obvious.

You are cherry picking results from a few lucky stocks versus the rest of the unperforming stocks to decide your CHUN CHUN calls.

Where is the chun chin call in TALAMT, asiapac, pantech? There are 40 stocks in your promotion list. How many hold the test of time?

I only have 6 stocks. And you can see I am adding into my position quarter after quarter.

How much netx are you buying?
16/02/2020 8:44 AM

3. This is the kicker, and the part I worry about the most ( and why I sold public Bank for PCHEM). What is the future long term prospects for Banks? The biggest risk here is obviously the business loans and debt due to hosting developers, SMES and small businesses which are the biggest bombs that will affect impairment levels. As more and more property is being built and less and less individuals can afford to buy it, the prudent bank that has low exposure to risky business & corporate banking will have more stability in the years to come.

Therefore we qualify banks that have a bigger consumer banking to business banking ratio. If individuals go bankrupt, you can still repossess the car and house. If a sme goes bankrupt, the impairment will be hard and painful. Hlb A29, page A31 of abmb notes later quarterly report. Which has the bigger exposure and higher chance of impairments and bombs?

Really? An investment banking team that caused massive losses and caused a bankruptcy you consider wonderful? Are you arguing for the sake of arguing? If those are wonderful investment Banking team, what do you consider bad ones?

Anyway.... Here is a simple qualitative analysis ( or how I decided to buy public Bank bank in the day). Why don't I give you the valuation criteria and you provide the details, so you can see how I look at good and bad management.

1. Quality of loans. The best safest loans are usually for small items which everyone can pay for ( hire purchase is the best, especially rich people buying BMW). Small amounts, when you squeeze individuals usually will pay on aggregate. Easier collection, and impairments are small. Riskiest loans are for business startups and smes to run their businesses. They charge higher fees, but come with higher risk of impairments. So now compare between hlb and alliance. Go to notes,
A15B for alliance, A12a for hlb. Which is better? Which has the safer loan risk portfolio?

1A. In a way judging the quality of loans, we look at impairments of loans. Banks efficiency and how stringent their control mechanisms are will define overall returns long term. I'll help you out here. One bank has a gross impairment/% of gross loans of 0.8%. the other has double the impaired rate of 1.7%. guess which is which?


2. Quality of deposits. You cannot always rely on bank negara loans to find your banking loans. The best deposits are those with fixed deposit and savings accounts. Banks need to maintain a good ratio deposits/ loans to avoid a bank run. For me I look at savings deposit+fixed deposit/ total deposit % to understand how much individuals are saving and storing their cash into the bank. Who has 66% of the best form of high quality deposits ( low low interest) that can be loaned out to cover high interest loans?

This is where you start analysing the management criteria of a good/bad bank and start smelling out cockroaches.

>>>>>>>>>

Posted by Choivo Capital > Feb 16, 2020 11:58 AM | Report Abuse

Lehman Brothers, Bear Sterns had wonderful investment banking teams.

I remember the first time I read an article from Calvin tan where he promote white horse tiles. I was thinking what a load of poorly thought analysis. Today? Everything that Calvin posted here has turned the other way around. Whitehorse losses are mounting due to China dump tiles to Malaysia and carried by local stockists. Guess what happened to those that bought yilai and whitehorse.

Same thing that will happen to NETX investors.


>>>>>>>


calvintaneng Can foreign tiles be sold in Malaysia?

Can China dump tiles like they dump steel?

Yes for steel BUT NOT FOR TILES.

Let Calvin explain while.

Steel, be they long steel or flat steel, is used in construction work. They form beams, foundations, pillars all covered in cement, sand and concrete. So they are lumped as one and not visible to the eyes.

Not for Tiles.

Tiles are laid on the surface of floors and walls. They come in different sizes 6" by 6", 8" by 10", 12' by 12" "12" by 24", "24" by "24" or "32" by "32" specifications.

They also come in many finishings - Rough, Smooth, Glazed or others.

And they come in many, many colours. And also mixed colours.

And also in many designs & patterns.

So there may be a thousand different types of tiles.

What is used in the kitchen may not be suitable in the dining hall or the water closets. On Car porch or drive ways we use another type of tiles that is heavy duty.

Sometimes tiles are in fashion - they sell like hot cakes. For some - they are slow moving stocks - so they are only manufactured by demand.

No demand - the line is discontinued.

Ha! Imagine installing foreign made tiles in the kitchen!

If due to damage (tiles can pop up if you don't use enough cement gum).

And if not available in the local market you either change ALL THE WHOLE KITCHEN FLOORING (very costly). Or take an airplane to China? (Also very costly & time consuming). And there is no guarantee that you will get the same replacement tiles.

So?

So just buy local Whitehorse tiles.

If you are short of any just go to a White Horse Tile Distributor or Retailer. If they don't have stock they will place an order for you.

Delivery might take 3 days to one week.

If you need it urgently?

Then they will give you a letter.

You can go straight to WhiteHorse Factory in Jalan Gangsa, Pasir Gudang and collect it yourself.

So next time be wise!

Just use Malaysian Made Tiles by Whitehorse or Yilai

Do YOU get it?
26/11/2015 9:40 PM

You also chickened out. I invited you to post an article and post up results for everyone to see your results ( like you always poat your pump and dump articles). But you want people to fly over to kl to visit your fake remisier?

Just like your fake articles. Easy to spot.

>>>>>>

Posted by calvintaneng > Feb 16, 2020 11:06 AM | Report Abuse

Philip really a two headed snake

For himself he included dividend

He purposely forgot to mention that kps dividend was 46.5 sen, dutaland 10 sen, TA 8.2 sen, pantech 3.5 sen and many others

He also never mention that Calvin made a strong buy call for TDM at 17 sen at bottom

So TDM in the overall Price 46 sen buy
Then 17 sen bought 5x more which has made lots and lots more when Calvin sold at 40 sen and switched to Netx

Overall Calvin challenged Philip to go Kl and see Calvin remisier to print out that Calvin made Rm1 millions

Philip chickened out

That is a very low class coward who can hide in Tawau and later run away to philippine at the sign of slightest trouble

I wrote all your articles based on your promotion time. And I did put your kps dividend in the record. So what? It dropped by 90 cents.

This is like AirAsia giving out 90 cent dividend but stock crash from rm3 to rm1.

Your point is useless and weak.

That is why investor and gambler is different. Gambler say 10 bagger on insas wb. Investor say QL and insas 2 year competition to compare final results and profits.

But sohai is always sohai. If use short term results sure can say anything, tdm also climbed from 20 cent to 50 cent.

But long term results are all that matters.

That's why you drive a myvi and can only send your kids to inti.

Stop gambling insas wb,

Any company that has poor investment banking team has a management issue. Being the smallest of the major lenders where the best companies
always go with Maybank, public, Hong Leong and CIMB, you get the more unstable companies to lend to. Higher profits no doubt, but much higher risk. If there is one coachroach, u can be sure there is more.

>>>>>>>>>

London Biscuits had in June 2016 announced the establishment of its unrated medium term notes (MTN) programme of RM100 million.

The appointed principal adviser for this programme is none other than
Alliancee Investment Bank Bhd, the investment banking arm of locally listed Alliance Bank.

To recap, the proceeds raised from London Biscuits’ MTN programme were to be utilised for refinancing existing bank borrowings and to finance capital expenditure and working capital requirements, including the costs of maintaining existing plant and machinery and other general corporate purposes.

The MTN has a maturity period of three to seven years from the first issue date of July 26, 2016.

London Biscuits, after servicing interest payments in the first two years, should have started making principal repayment from the third year onwards, which is this year.

But given the current parlous state of the confectionary maker, it is not likely to meet its obligation under the MTN programme.

And that, naturally, has turned the spotlight on Alliance Bank, whose net credit cost increased quarter on quarter by 3.6 basis points (bps) to 13.1 bps in 1QFY2020.