Posted by Mikecyc > Feb 16, 2020 8:55 AM | Report Abuse

Posted by jjohnchew > Feb 7, 2020 10:40 AM | Report Abuse

Ho ho let’s summarise Netx facts:..

1) Ariantec (Netx ) is Exinda WAN networks sole distributor since 2011 but ended on 2015 .. now is only doing on confirmed project basis...

2) Ariantec ( Netx ) only secured 2 broadband project from 2011 to today 2020:..
a) TM project order on 2011..
b) Indonesia project order on 2013 .. changed company name .. reannounced on 2017.. in between kena 2 time Qualified Opinion from external auditors..2 CFO r resigned n external auditor is resigned... new external auditor is resigned on 2019 which FY19 is extended to Nov2019 .. like 2013 no annual report..

3) TM awarded 2018 broadband installation n restoration contract order to Opcom valid until Dec2019.. not netx..

4) new website Mission Statement is changed .. not as per calv. said..

5) new website own project which reflects company image n reputation.. facts is delayed by more than a month..Poor Quality : About Us n Products/ Services r same contents.. announcement only loaded year 2019 but until Nov2019..even Q6 report on 31/1/2020 is not loaded but temperory website is loaded Q6 report on same day 31/1/2020... why no resources to do ‘‘tis small project?...

6) RM 72.7 million is amount owed by subsidiary companies since 2012 to 2018.. not a single sen being pay back ...

7) always have cash Rm 34 million but why so desperately fund raising with ESOS .. too frequently n in too short of time .. why esos 50 mil then another 50 mil .. just for 2 mil cash ?.. why no money to reward good employees?..

8) 1 billion PP ex 850 million shares under 4 batches with ex price.. 0.0116..0.0136..0.0180..0.0189..who will laugh to the bank..

9) Credit Suisse ..hold over 165 million shares.. fr 1 batch of 1 billion PP ex price 0.0116.. why no subscribe all 4 batches ..want to buy fr open market with higher price.. to be a sorchai??

10) ED SiS 688 million shares ex ard 0.03 in 2018..not a substantial holder .. why?...

11) Macquarie 500 million shares 0.039 in Jan2018..

12) every year is Loss .. FY18 loss rm 18.3 mil.. FY19 loss rm29 mil ..

13) GEM Hong Kong partner 2go trading is ceased operations since 2016 .. signed with its subsidiary 2go Tech on June2019.. why still made Huge losses!.. now change to GEMspot then to GEMspotPro .. Q6 no revenue fr GEM?..

So now it dropped to the original price you paid for it, where are you not buying more instead of gambling on netx. There is a difference between speculation and investing. If the price dropped that much is due to speculators losing faith in the company financials.

FYI QL, yinson and topglove did just fine against Corona viruses and mahathir. So that is no excuse.

Easy come easy go...

>>>>>>>>

CoolBull Now that you mentioned TDM, it did hit 44.5 not so long after that post of mine which you hv wuoted, didn't it?

You do not expect me to be able to defend it against mahadir's supermouth, nor wuhan coronavirus, do you?
16/02/2020 9:18 AM

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

Here kid. For you to track yourself. Don't forget to add the dividend. A word of advice, if you are too lazy to do research or to track your performance, stop gambling money in the stock market. Get a day job.

Waste of time. Lazy kid. Can't even spend a few minutes to create a properly trackable portfolio? Do you plan to do like Calvin and hide or delete the messages quietly when things are not going the way you want? How do you account for dividends? Share splits? Please. You are not an investor, but merely a amateurish troll who couldn't even make a good profit in tdm but held it while praying for 80.

At least I tracked all of Calvin tan pump and dump promotions.
>>>>>>>>>>

CoolBull No need for any portfolio. Just one stock will do.

We took two for 3i becos he is currently feeling a bit tentative about his Dlady.
16/02/2020 9:14 AM

Is gkent bluechip? Is yinson blue chip? Few years ago it was 3 billion. Is QL blue chip? A few years ago it was 4 billion. Is stoneco bluechip? When vendor invested in the IPO, it was only in 2018 at 32 dollars. When it dropped to 15 in 2018 and I started collecting in 2019 January 4( all documented), was it a blue chip?

If your idea of blue chip is solid companies with huge long term prospects, profitable, with huge cash positions, monopolies, high margins, incredibly high roe, bought at low prices ( ql 2009, topglove 2010, yinson 2012, public Bank 2011, Pchem 2019,), then yes I am.

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

This is me.
Who are you? maybe you can read a little bit before making a sweeping decision.

I am a blue chip junkie who likes to HOLD blue chips, not buy them.

>>>>>>>>>>

CoolBull Aah. I see. Looks like Philip is another blue chip junkie, just like 3i with his Dlady LOL.

Well, Philip. So, what us your top stock pick now then.

Or maybe you're not really up to it.
16/02/2020 8:59 AM

Are you losing sleep now? Or still dreaming of 80?


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


Stock: [TDM]: TDM BHD

Dec 11, 2019 2:17 PM | Report Abuse

Why not just keep everything & wait to sell all at 80. Much less stressful & energy draining & much more efficient this way, dude.

Stock: [TDM]: TDM BHD

Dec 11, 2019 2:02 PM | Report Abuse

And Calvin, btw, that day you kind of mentioned in passing that your own cost for TDM was 49.

So, relax, why run so fast, man.

Stock: [TDM]: TDM BHD

Dec 10, 2019 5:00 PM | Report Abuse

Don't lose any sleep, Calvin. TDM coming on nicely. 40 coming soon. Then fast galloping to 50.

Easy, let's use gkent that sifu Calvin thinks so bad.
0.93 at 31st December 2019.

And how about you put your mouth where your money is and create a trackable portfolio? Put do a proper portfolio with 100k each, and track it based on the share price + dividend received.

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

Do it like this. In public. Under your coolbull account. Do you know how?

If you can only talk like Calvin but no effort to even do a proper portfolio on i3 forum which is free, then you are wasting everyone's time.

>>>>>>>>

If yes, submit your candidate.

Do the math calvin, what do you get?

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.

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?

90% of the 50% revenue from aviation is building engine cases for A320 neo and B737 max, which is the cheap medium range planes designed for shorter commercial routes with lower fuel and more seating space.

90% of the other 50% from semicon related is mainly for HDD supply, with lower concentration is SDD.

What is the long term prospects of these two divisions? Highly specialized machinery and plant equipment with high capital costs, a niche product and a specific group of customers.

The 2 bigger player comparisons of suppliers to Boeing and Airbus, and hard disk space

Liebherr aerospace ( parts construction, including engine casing for 777 etc) space
Western digital ( HDD) space

7-9 backlog of plane deliveries. 2.8 billion in book orders. Airbus corruption case. B737max grounding worldwide. Quarterly report guidance on next quarter increase in HDD parts orders.

What second level thinking can we apply here?

How about this? Insinuating a Microcap loss making company NETX will get NFCP job just because it's insiders bought stock.

So far there is ZERO proof that netx will get NFCP.

There is PROOF THAT NETX DID NOT PARTICIPATE IN DIRECT TENDER.
THERE IS PROOF THAT PHASE 1 WAS NOT AWARDED TO NETX.
THERE IS PROOF THAT THE MAJOR SUPPLIERS HAS DEALT DIRECTLY WITH THE TELECOMMUNICATION INFRASTRUCTURE MANUFACTURERS, INSTEAD OF VIA RESELLERS LIKE NETX.
THERE IS PROOF THAT NETX IS LOSS MAKING, AND HAVE NO FUTURE WITHOUT NFCP.
THERE IS PROOF THAT NETX ONLY HAD 33 THOUSAND IN REVENUE.
THERE IS PROOF THAT NETX HAS BEEN DECLARING LOSSES SINCE 2010. 10 YEARS OF LOSSES.

HOW CAN NETX BE A CYCLICAL TURNAROUND WHEN IT HAS BEEN LOSING MONEY FOR THE LAST 10 YEARS? AND WORSE.

HOW CAN YOU INSINUATE THAT NETX IS PARTICIPATING IN NFCP RELATED TENDERS WHEN THE MANAGEMENT THEMSELVES HAVE NOT SAID SO THEMSELVES.
PLEASE SHOW ME PROOF THAT MANAGEMENT HAS SAID THEY ARE GOING AFTER NFCP JOBS INSTEAD IF USING THEIR RAISED CAPITAL ON GEM AND PAYALLZ UPGRADE AND I WILL STOP CRITICIZING YOU TODAY AND BUY 10% OF NETX STOCK. IT IS ONLY 7.6 million.


>>>>>>>

Posted by calvintaneng > Feb 16, 2020 7:18 AM | Report Abuse

Think of Netx being a cyclical turnaround by the power of Nfcp Rm50.3 billions Fiberisation jobs

When I first bought ql and topglove, the valuation was only 1 billion+. When I first bought yinson, it has just changed business model and was close to winning its first FPSO contract.

Today QL is a 13 billion dollar company ( 13 bagger), topglov (15 bagger), yinson (7 bagger). The point that always eludes investors is simply this:

No one has a crystal ball. No one can predict the future. What you can only do is buy slowly into a company. Look at it's earnings and profitability. Study and understand it's position in the grand scheme of things. Then buy it slowly with a view of what will happen years from now, instead of next week.

The Corona virus and trade war is the best example of this. This will never affect the wonderful companies in the long term. But because of fear and worry, the price of the stock has been beaten down to wonderful levels, while the assets, management team, business model and future prospects remain the same.

Enjoy the discount days, they are the boon of the patient investor. Time is the best compounder.

This is the worse ever, taking the lord's name in vain, taking words in the Bible out of context. Here is the perfect verse for you:


Matthew 6:24 “No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money.”

How long have you served money using god's name Calvin? You should be ashamed of yourself using HIS name to profit.

>>>>>>>>

King James Bible
Unto the pure all things are pure: but unto them that are defiled and unbelieving is nothing pure; but even their mind and conscience is defiled.

Exactly.

INSIDERS. BUYING HEAVILY INTO A COMPANY AND TURNING IT INTO LOSSES.

>>>>>>

Posted by stncws > Feb 16, 2020 12:49 AM | Report Abuse

Dog always smell the bad pp..

Many company also pp and no problem.

Protasco is bad becos Tey and Chong.

Unable to smell scams to cheat investors?

Then look at PROTASCO history and parallels with multiple private placements, esos and share dilution, all in a concerted effort to siphon money out from the company in as many creative methods as possible.

With billions of shares outstanding, liquidity is not a problem. With cash in hand, why dilute share and future earnings ( unless none were available), why raise money via esos, private placements? Isn't the cash enough to run the company?

If the stock was good enough, why do the share placement at 2 cents when they can do the same thing and just buy the millions of shares available at the market price of 1.5 to 2 cents on the market?

So many red flags, but Calvin consistently focus on hiding the facts of NETX. The unprofitability, the lack of technical team, the lack of projects from NFCP.

But no need to waste time arguing, the main thing is still NFCP award. since Calvin moved goalposts from February to October ( and most likely beyond) in an effort to pump and dump with future hope.

Let's just wait and see how far the curry harvest preacher will take it. Will be apologized like Kong hee for cheating and misleading investors? Will he apologized for pumping and dumping? We shall see and record his results.

LOOK IN THE MIRROR FIRST stockraider. HOW MUCH YOUR INSAS NOW VERSUS QL? I THOUGHT YOU SAY 90 CENT BY NATIONAL DAY 2019, AND RM 1 BY FEBRUARY? WHAT HAPPEN?

>>>>>>>

from insas wb thread

stockraider If u had bought insas wb at 0.5sen yesterday like raider, u will have make more than 100% return within a day loh...!!

I believe insas wb maybe able to give u a 10 baggers return, if the corporate raider persist on accumulating on insas & insas warrant b4 the warrant expiry loh...!!

Once the corporate raider excersise their huge warrant accumulated insas will fly loh...!!

Do not forget Thong on have less than 33% who cannot buy anymore unless he wants to trigger GO loh...!!

The corporate Raider willing to buy big bcos of insas intrinsic value is Rm 3.50 per share & wants to be a substantial shareholder & will be asking for Board representation over next 5 months...!!

>>>>>


stockraider Let us get the sense loh....!!

Insas intrinsic value Rm 3.50, mother price is Rm 0.85 loh...!!

But if someone want to buyout whole insas at rm 1.00, u think he will succeed ? Of course not mah...!!

Therefore the best he can accumulate huge the warrant at 0.5 to 1 sen where people think is rubbish bcos of out of monies mah....!!

next after accumulating enough warrant he will start buying the mother slow & steadily even when it exceed Rm 1.00.

Thats when u see value when insas when it is above rm 1.00 loh..!!

thats the reason why raider bought 1m of insas wb at 0.5 sen and raider has started to accumulate the mother now loh....!!

When all other opinions are deleted and only one point of view remains, you need to ask yourself, if NETX is so good, why is there a need to report and delete other peoples posts?

Red flags all around.

And when the results come out (as Calvin promised february NETX will get a big result), nothing come for netx (now calvin say october), even more red flags come out.

And when calvin starts referencing other stocks to verify his stock picking research capability (like carimin etc, which he also sold very early instead of holding till full profit), but fail to highlight his many other failed stock picks( https://klse.i3investor.com/servlets/pfs/123029.jsp),' target='_blank'>https://klse.i3investor.com/servlets/pfs/123029.jsp), there is obviously a red flag.

And when calvin avoids the bigger more obvious winners (with more recent orders from TM, MAXIS, DIGI, UMOBILE) like redtone(398M), edotco (axiata 40B),MAXIS, DIGI, TM sacofa(cmsb 2.3B), but continuously writes articles on a microstock netx (74m), then you need to watch wolf of wall street to understand what is going on.

When you buy a microstock, it takes far less finances to boost the share price. Then when you have enough (as shown by 271 million shares bought by calvin tan at low low prices), the very next day he starts writing articles pumping up the FUTURE prospects of the stock (despite recent quarter, 33 thousand revenue, no profits).

The thing is, as was shown in TALAMT, SCOMIES, ASIAPAC, PANTECH, SASBADI (https://klse.i3investor.com/servlets/pfs/123029.jsp) FULL LIST HERE AS FROM THE DAY HE START PROMOTING, AFTER 1 YEAR RESULTS. WHEN HE PROMOTES BIGGER CAP COMPANIES, IT DOES WELL (WITH OR WITHOUT HIM). BUT WHEN HE PROMOTES MICROCAPS STOCKS, HIS RESULTS ON AVERAGE ARE SO BAD YOU CAN SEE FOR YOURSELF IF YOU FOLLOWED ALL HIS STOCK PICKS WHAT YOU WOULD GET IN THE LONG RUN.

HE WILL TELL YOU HIS CARIMIN. HIS KPS. HIS LAFARGE. BUT YOU LOOK AT HIS TOTAL STOCK PICKS, YOU WILL SEE HIS RESULTS ON AVERAGE ARE LIKE MONKEYS THROWING A DART AT A BOARD. RANDOM. IF YOU PUT 5000 INTO ALL HIS 2019 PROMOTED STOCKS, YOU WILL GET A POOR RESULT.

SO WHILE HE TRIES TO CONVINCE YOU OF SOMETHING THAT HASN'T HAPPENED YET (BUT HE SAYS IT WILL), LOOK AT HIS HISTORICAL RESULTS, GO TO THE FORUM AND SEE HIS POSTS OF HIS PROMOTED STOCKS, LOOK AT THE MICROCAP STOCKS THAT HE BUYS, IT ALWAYS GO UP FIRST, THEN HE WRITES HIS ARTICLES.

THINK.

NOTHING AGAINST NETX. I HOPE INVESTORS ALL THE BEST HERE IN NETX, NO ONE WANTS TO ENJOY LOOKING AT OTHER INVESTORS LOSE MONEY.

BUT... THINK.

I HOPE NETX DOES WELL IN NFCP AND GETS PROJECTS AND MONIES. BECAUSE PAYALLZ IS DEAD IN THE WATER, GEM IS ALSO DEAD IN THE WATER. THE ONLY LEFT IS TO MAKE MONEY FROM NFCP INFRA SUPPLY.

AGAIN... THINK.

IF YOU BUY OPCOM OR BINACOM OR REDTONE, I HAVE NO QUALMS. THOSE HAVE FAR BETTER CHANCE OF GETTING A ORDER AS THEY HAVE PREVIOUS DEALINGS WITHIN 5 YEARS.

NETX IS SO OUT OF THE PICTURE THAT THEY DONT EVEN DARE TO SAY THEY ARE BIDDING FOR NFCP ORDER, OR ANNOUNCE ANY JV OR MOU WITH ANY OF THE BIG PLAYERS. THEY HAVE BEEN MAKING LOSSES FOR YEARS, IF NO NCFP DEFINITELY NO HOPE WITHOUT IT. SO WHY BET ON SILVER BULLET THAT HAS A LOWER CHANCE OF OCCURING COMPARED TO THE OTHER MORE LIKELY CHOICES?

THIS INSANITY IS BORDERLINE DANGEROUS.

BUY OPCOM. BUY BINACOM. BUY REDTONE. BUY SACOFA. I DONT CARE. CAN MAKE MONEY.

BUT BETTING ON HUGE MONEY ON NETX JUST BECAUSE IT IS 2 CENTS IS CRAZY, STUPID, AND FRANKLY DANGEROUS TO PROMOTE TO NEW INVESTORS ON I3.

DONT BE STUPID. I KNOW YOU ARE NOT AN ENGINEER, BUT I DIDNT KNOW YOU WERE SO DAFT. THERE IS A BIG REASON WHY HUA WEI HAS A GOOD REASON TO WIN. THE MAIN INFRASTRUCTURE IS HUAWEI, IT MAKES SENSE THAT HUA WEI SUPPLY THE EXTENSION, BECAUSE THE INTEGRATION WORK NEED TO WORK WITH MAIN INFRA WILL CAUSE THE OTHER MANUFACTURER USING THEIR OWN SYSTEM TO COST A LOT OF INTEGRATION COSTS, SO HUA WEI HAS A HUGE ADVANTAGE (PLUS HUA WEI INFRASTRUCTURE IS HALF THE PRICE OF NOKIA, ERICSSON AND THE OTHER TELCO INFRA SUPPLIERS.)

AS FOR GOING DIRECT, THEY DONT NEED TO SUBMIT DIRECTLY AS THEY ARE A MANUFACTURER. ALL THE ONES BIDDING FOR TENDER (LICENSEE HOLDERS) WILL GET PRICING FROM MANUFACTURER DIRECTLY LIKE NOKIA, ERICSSON AND HUA WEI AND CHOOSE THE CHEAPEST ONE TO BUY FROM.

ONLY CALVIN TAN WILL THINK SILLY THOUGHTS LIKE NOT GOING DIRECTLY TO MANUFACTURER TO BUY, BUT INSTEAD GO THROUGH THIRD PARTY LIKE NETX AND ASK THEM TALK TO HUAWEI INSTEAD (AND EARN 10%, AS EVIDENCED BY THEIR ONE AND ONLY WIN IN 2011, AFTER THAT THE LICENSE HOLDERS WENT DIRECT TO HUAWEI INSTEAD, BECAUSE NO EXCLUSIVE DISTRIBUTOR DEAL FOR MALAYSIA).

>>>>>>>

Posted by calvintaneng > Feb 14, 2020 2:01 PM | Report Abuse

Why Telekom didn't give job to Netx after 2011?

Not because result disastrous as NETX registered two quarters of Excellent results & OPcom also registered gains by rewarding us shareholders with 22.5 sen special dividend?

Why then after that Opcom did so poorly

Answer was due to Opcom Boss Datuk Mukhriz sided with his father Tun Dr M against corruption of 1MDB and others

As a result huawei was robed in to get OPcom out

Now huawei is not in Telekom tenders

SO YOUR ASSUMPTION IS IF INSIDER BUY THEN SURE WILL HAVE GOOD RESULT?
LET ME INTRODUCE YOU TO PROTASCO.

>>>>>>>>

Posted by calvintaneng > Feb 14, 2020 1:56 PM | Report Abuse

DO YOU KNOW WHAT IS HAPPENING IN OPCOM AND IN NETX???

IN OPCOM THEY APPOINTED 2 CEOs ON SEPT 6TH 2019

IN NETX DIRECTORS BOUGHT 103 MILLION NETX SHARES FROM AUG 6TH TO 23RD 2019

AND EMPLOYEES OF NETX BOUGHT 3 MILLION NETX SHARES AT 2 SEN FROM DEC 2019, JAN 2020 & AGAIN ON FEB 2020

ALL THEIR SALARIES FOR THE LAST 3 MONTHS WERE CHANELLED TO BUY AND BUY AND BUY NETX SHARES

DONT SIMPLY COPY PASTE AND ACT AS IF YOU KNOW WHAT IS HAPPENING
Posted by calvintaneng > Feb 14, 2020 1:51 PM | Report Abuse

RESULT ALREADY OUT?

NOT YET FROM TELEKOM TENDERS

SEPTEMBER 2019 NOT YET OUT

Date Tender Title Tender Advertisement Tender Summary
26/11/2019 TENDER FOR THE SUPPLY, DELIVERY AND INSTALLATION OF SINGLE-BAND AND MULTI-BAND ANTENNAS FOR eNodeB (eNB) RADIO ACCESS NETWORK (RAN) Eng | BM Key Summary
- EDOTCO

22/11/2019 REQUEST FOR INFORMATION (RFI) FOR TELEKOM MALAYSIA (TM) NEW RAN AND CORE NETWORK EVOLUTION Eng
- THIS ONE WE ALREADY KNOW WHO WILL GET IT, COME ON. DONT ACT AS IF YOU DONT KNOW WHO THE SUPPLIER IS FOR THE LAST 5 YEARS. SAME GUY WIN IT EVERY TIME.

21/11/2019 TENDER FOR PROPOSED RENOVATION AND ANCILLARY WORKS AT TM IPK SABAH, KOTA KINABALU, SABAH FOR TELEKOM MALAYSIA BERHAD Eng | BM Key Summary
- THIS IS FOR THE RENOVATION OF GROUND FLOOR, 4TH FLOOR AND 5TH FLOOR TO HOUSE THE NEW OFFICE, INSTALL FLOORING, AIRCON, DUCTING AND FEATURE WALL, TABLES AND CHAIRS. IT IS ONLY OPEN FOR SABAH COMPANIES G4 CIDB. I KNOW. I WAS THERE, I ATTENDED THE SITE VISIT. NETX CANT APPLY


18/11/2019 ELECTROMAGNETIC FIELD (EMF) SIMULATION REPORT SERVICE FOR WEBE DIGITAL SDN BHD (571389-H) Eng
- BEYOND NETX SCOPE

08/11/2019 REQUEST FOR INFORMATION (RFI) FOR HOME NETWORKING CPE Eng
BEYOND NETX SCOPE, DLINK IS THE PREFERED SUPPLIER. JUST CHECK YOUR HOME UNIFI, DLINK DEAL DIRECT WITH TM AND REBADGE THE ROUTERS FOR THEM

04/11/2019 REQUEST FOR INFORMATION (RFI) FOR TM ENDPOINT DATA SECURITY AND PRODUCTIVITY MANAGEMENT SYSTEM Eng
COME ON, REALLY? NETX DOES SECURITY NOW?

01/11/2019 TENDER FOR THE APPOINTMENT OF BROADBAND FIBERISATION (BBF) PARTNER FOR TELEKOM MALAYSIA BERHAD (“TM”) Eng | BM Key Summary
-NETX DID NOT PARTICIPATE

01/11/2019 AMENDMENT TENDER SUMMARY: TENDER FOR SUPPLY, DELIVERY, INSTALLATION, TESTING, COMMISSIONING, WARRANTY AND MAINTENANCE & SUPPORT SERVICES OF SERVERS FOR TELEKOM MALAYSIA BERHAD Eng | BM
- NETX DID NOT PARTICIPATE

MAXIS HAS NEVER GIVEN ANY JOB TO NETX.
UMOBILE DOESN'T EVEN KNOW WHO NETX IS.
TM GAVE A JOB TO NETX IN 2011, THE RESULTS WERE DISASTROUS. NETX PERFORMANCE SO BAD THEY HAVEN'T RECEIVED ANY JOB FROM TM UNTIL TODAY.
EDOTCO ALREADY HAS WEIDA IN EAST MALAYSIA SO NO NEED FOR NETX.
DIGI DOESN'T USE NETX.

SO NOW THAT YOU KNOW AND I KNOW NETX HAS NO CONNECTIONS WITH THE TENDERERS AND AWARD WINNERS... WHY WOULD CALVIN STILL REPEAT HIS BELIEFS?

ANSWER IS SIMPLE,

CALVIN TAN HAS PUMPED AND BOUGHT 270 MILLION SHARES (6.7) MILLION, WROTE A PUMP ARTICLE, AND NOW WAITING TO DUMP THE SHARES ON I3 INVESTORS.

N EVER
E VER
T RUST
eX CHURCH PASTOR CALVIN TAN WHO MIXES MONEY AND RELIGION TOGETHER. JESUS WEPT.

NETX = STAFF STRENGTH ABOUT 80 WORKER

BULLSHIT. THERE ARE ONLY 17 FULL TIME WORKERS, YOU AND I KNOW IT.

https://klse.i3investor.com/servlets/forum/600273127.jsp

latest calvin tan promoted article.

BULLSHIT. THE RESULTS ARE ALREADY OUT AND NETX IS OUT OF THE PICTURE, DESPITE CALVIN TAN ENG YEE SAYING WAIT FOR FEBRUARY FOR GOOD NEWS AND COMING NEWS UP (DO YOU WANT ME TO SHOW YOUR POSTED MESSAGES ?)

SO NOW BULLSHIT REVEALED YOU WANT TO CONTINUE BULLSHITTING?

FACE THE FACTS. THERE IS NOTHING FOR NETX, WHICH I GUARANTEE.

THERE MIGHT BE FOR OPCOM, REDTONE, AND BINACOM. SOME SMALL PIECE PROBABLY. SO YOU NOTICE THAT IS WHY I NEVER COMMENT ON THE OTHER THREAD.

ONLY NETX.

BECAUSE YOU ARE LYING THROUGH YOUR TEETH ON NETX, KNOWING THAT YOU ALREADY BOUGHT BIG (270 MILLION DONE AT 2 CENTS RIGHT BEFORE YOU POSTED YOUR SCAM ARTICLE) TRYING TO PUMP AND DUMP A MICRO STOCK SHARE.

IF YOU PROMOTED REDTONE, OPCOM OR BINACOM WITH AS MANY ARTICLES AS YOU DO NETX I WOULD NOT SAY A WORD.

NOTICE HOW ME AND 3III KEEP CONCENTRATING ON YOUR SCAM ARTICLES OF NETX?

BECAUSE IT IS A SCAM.

TRYING TO USE RUMOURS TO PUMP AND DUMP MICROSTOCK.

SHAME.
ON.
YOU.

STOP PROMOTING NETX NOW AND PROMOTE THOSE WITH HIGHER CHANCE TO WIN TENDERS LIKE REDTONE, OPCOM OR BINACOM. AND AVOID THOSE LIKE NETX, WHICH ONLY GONE UP FROM 1.5 CENT TO 2 CENT BECAUSE CALVIN TAN SOLD HIS HOUSES (6.7 MILLION TOTAL) TO GAMBLE ON NETX AND CHEAT INVESTORS.

results out?

https://www.nfcp.my/Nfcp/media/Docs/NFCP-1_Award-and-commencement-of-project.pdf

as expected netx get nothing...

edotco main supplier of tower erection and supply in sabah and sarawak is weida towers sdn bhd and weida works sdn bhd.

Their relation has been around for the last 3 mcmc tenders.

What did netx get? nothing in nfcp phase 1 (tower erection not netx specialty), and especially not phase 2( maxis deal direct with nokia, umobile also directly with huawei, and edotco using solution from huawei from network equipment). do you think huawei want to go through netx and give discount when they can directly collect more revenue and win tender with maxis, edotco and umobile directly?

Why let netx earn monies when supply, installation and testing commisisoning huawei can do themselves directly?

You think properly la.

Nothing for NETX.

Too bad.

as expected netx get nothing...

edotco main supplier of tower erection and supply in sabah and sarawak is weida towers sdn bhd and weida works sdn bhd.

Their relation has been around for the last 3 mcmc tenders.

What did netx get? nothing in nfcp phase 1 (tower erection not netx specialty), and especially not phase 2( maxis deal direct with nokia, umobile also directly with huawei, and edotco using solution from huawei from network equipment). do you think huawei want to go through netx and give discount when they can directly collect more revenue and win tender with maxis, edotco and umobile directly?

Why let netx earn monies when supply, installation and testing commisisoning huawei can do themselves directly?

You think properly la.

Nothing for NETX.

Too bad.

Unlike many others ( like stockraider) I don't simply say but maintain a properly tracked portfolio that shows all my buy and sell when it happens. You can keep track, but please don't follow because my investment targets and yours are very very different. For one thing, I am fully retired and have nothing to prove in terms of earnings. My kids are all graduated and working, and my house is fully paid for. I can handle volatility far easier than many others and can dip into far larger margins during periods of crisis. I think it is far better for you to find stocks within your circle of competence and buy them based in the valuation criteria I have put, instead of the standard repetition of so called stock gurus.


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

SHQuah Philip......Effective today, please let me know which stock you are buying and selling.
I will try to follow your future investment portfolio but let me know once you are selling.
14/02/2020 7:59 AM

I don't like to give simple answers for simple questions but challenge you to read it for yourself. I will take a popular example, jaks resources. Please rea)d their quarterly report, on the first page you will see how earnings for joint venture is tracked, in this case Jaks Pacific power limited (51% owned, and their soon to be jaks solar power sdn bhd (100% owned). Maybe that will give you some understanding.

My advice? Before you buy a single cent of gkent stock, do what I did. Spend the rm15, go to ssm website, buy the financial report for mrcb gkent sdn bhd. And read up on it before you make up your decision. Then go to gkent factory, take a look around, find the investor department ( they will sure entertain you because the share price drop so low they want to make sure you will be happy to invest in gkent. Then you go upstairs to engineering department, look for their engineering team. Tell them you are worried as a gkent investor that lrt3 will not finish on time and on budget. They will be more than happy to ease your worries. Best group of engineers I ever worked with.

It always surprises me when investors are willing to gamble thousands of dollars on buying insas, ewint warrants and stocks but never spend the cost to do due diligence on a stock first.
>>>>>>


amzarb44 Philips, is it true the revenue lrt3 will not recognised in earnings financial sheet but instead will be recognised as jv profits?
13/02/2020 3:27 PM

No need to bark loudly or not. This is my tracked portfolio ( including margins, where you can see how much margin I am using to buy gkent and Pchem this year, around 10m total for my portfolio size)

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

Fyi you can see the exact dates I bought 6 million with of Pchem at rm6.30 on margin to show my conviction.

I have never commented once in topglove ( also one of my biggest shareholdings), and yinson ( up 60% soccer last year, I bought it when yinson was a 1 billion cap company, now 7.3 billion cap).

I only have these 5 stocks, as well as stoneco ( Berkshire backed IPO, which Warren never does) which I bought 200k shares on 4th January 2019 (
https://klse.i3investor.com/blogs/philip2/2019-01-22-story-h1456976645-StoneCo_IPO_How_I_use_business_sense_to_understand_why_Berkshire_finall.jsp) I also never commented here.

I was also the first to write my pump and dump article on PPHB
https://klse.i3investor.com/blogs/philip5/2019-01-28-story191626-My_First_Pump_and_Dump_Article_How_to_pump_with_a_CONCIENCE.jsp in January 2019

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

Which makes fun of general raider and his capslock rude way of writing. Guess what price PPHB is today? Do you see the difference between how I write my articles and how your sifu calvintan writes his? The is a huge difference between someone who writes 6 stock articles and have 70%
Profitable and someone who writes on 43 stocks and majority drop. My pump and dump article at least won't let you done when the project is completed.



Let's compare last year with your results. You bark very loud on insas ( still remember our 2 year bet? 13 billion QL catching up to your insas already. Once beat your insas and CharlesT mnrb you need to give me your full name and phone number so can treat me back kut teh remember?) Say mgo, bet on warrants what's your results?

How about your bjland? No results.
Your hengyuan rm45? No results.
Your sapura rm3 ever day up 0.5%? No results.

Just because someone doesn't say anything, doesn't mean he has needs to.
Action speaks louder than words.

I have concentrated holdings, while your bark so loud on making big profits, but still only send your kids to INTI and drive a myvi ( your words not mine).

Malu ape bosku?

>>>>>>>>>>>

stockraider THIS Philip dog start to bark abit louder when gkent is up slightly abit loh..!!

What happen to his Pchem thread, why not barking loudly there leh ??
Bcos not up loh...!!

Coolbull not to worry, these are all the stocks that Calvin tan eng Yee promoted last year. As most of them are still negative from the time he promoted and haven't gone up yet, you still a lot of opportunity to buy.

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

This portfolio is his tracked calls including the exact date of his promotion. I put in his sell calls in the comments below.

His recent article these year you can look at luxechem. He has written a glowing article on this so you can also join in and buy and make chun chun calls.

Good luck.

As for stockraider claims of losing money,

Lrt3 use 37km(23 miles). The total project costs around 16.6 billion rm, of which 5 billion is land acquisition fee. So we are looking at roughly (2.7 billion USD) 110 million per mile, for the revised 25 elevated station ( no more underground station, which is very expensive), 22 3-car trainsets ( instead of 42 6-car trainsets),

http://www.railsystem.net/light-rail-transit/

https://en.wikipedia.org/wiki/Light_rail#Construction_and_operation_costs

So gkent maincon prices to complete the project is very good margin, assuming no further"under take" to be given to pH government, which I totally don't believe.


I paraphrase,

"A survey of North American light rail projects shows that costs of most LRT systems range from 15 million per mile to 100 million per mile".

The review contract is done by prasarana. The cut costs is done by mutual agreement of pH government and pdp gkent redesign method. If pH government cut too much until no profit, gkent has the right to sue government for wrongful termination. The proposal to cut costs was provided by gkent. In fact, I think the profit is more, not less, because the track was reduced by half from 2 to 1 while keeping the same design, and reduction of the underground stations and number of cars. However the per item costs were not reduced at all, so the profit margin is still intact.

It is very simple.

Just compare the new 11 billion construction fee and the revised design ( just hop to prasarana to get the info, very easy).

You can easily estimate the price from there and see if you can make profit it not.

>>>>>>>

PH come in then review the contract & cut costs & method

Really? I try to find answers to questions that seem easy but are actually hard to find.

RainT, think in business sense. Answer these simple questions, since you think a short term study is enough.

1. What products does the company sell. ( For example, list out what pchem sells, take pictures, ask friends/family/ acquaintances what they think of the product. Scuttlebutt).
2. Who do they sell them to? What is the average selling price, how are their distribution channels, stockists and inventory levels ( I personally have the kota kinabalu branch manager contact and supplier channel. I even brought him out to eat seafood to find out, my ex petronas friend helped me make a meeting.)
3. Who are their competitors? What prices do they sell at? Who stocks them, the fertilizer, plasticizer, etc ( I learnt here then that many are imported in from China, which sells at a very low price to compete with pchem, which is comfortable with their margin and unnecessary to drive competitors out of business, which they can do but why?)
4. What are their growth plans? ( I personally went to pangerang to take a look at the 2 billion USD pchem integrated plant. Armchair analysts I am not.) That is why I know their profit cycle is in 2021-2022.
5. What are the competitors growth plans? Are they cutting down production, or increasing? ( Yes, here I paid money for journals and business reviews reports, which stated that majors are cutting down production or shelving upgrade plans due to over supply and low prices. If everybody is doing the opposite of what pchem is doing, ( and since building a new refinery complex takes 3+ years), when supply slows down ( especially since demand has been going vertical for the last few years now). What is the long term consequence of reducing manufacturing, whole more uses for petrochemicals are being found?

6. What is the industry Outlook? You should read these journals and reports to understand the industry. Example:
https://www.iea.org/reports/the-future-of-petrochemicals

I use others which are paid for reports because pchem does not release Item by item prices and spot contracts.

I buy stocks based on that view, that I may see losses and lower profit ( due to start up costs, as no project I have ever done ever had a perfect start with no hiccups. More so a mega project. But I buy it because I have the funds to wait, and not worry over the short term. Those who buy it thinking it will appreciate in the next 6 months or 1 year, is looking for trouble.

If you can get all of those information in just a week, kudos to you as I am not as good at searching the internet for information or reading as fast.


>>>>>>>>

RainT spend a month just to understand GKENT & PCHEM....

need so long time meh ?

1 week also more than enough already
07/02/2020 11:10 AM

I wonder who these establish players that have a hold of the market within SEA region? I for one would like to find out who, as pchem is already the 4th biggest in the world in terms of production, and the biggest producer in our region... Which is why they have massive profit margins compared to Europe and USA importers.

>>>>>>>

Pchem is the Johnny come lately loh...!! Do u think Pchem can dislodge the establish players leh ??

You should not take me at my word. My advice is always to question information and do your own due diligence. If you cannot spend 3 hours to read up ( these says all information can be bought online, unlike during the 90s and 80s when physical hardcopy reports were all we had to go by), then you really have no reason to buy this stock as it will be outside your circle of competence.

If it is outside your circle of competence, you will only lose money in the long term as you will for bad habits in simply buying stocks without researching fully.

Dear Calvin, can you highlight for ariantec 2018 and last year what was it's revenue from network equipment and infrastructure? As a SPECIALIST in this field I assume they are competent enough to make a profit? How much was their earnings the past few years? Who are they working with now for nfcp solution supply?

>>>>>>>>

1) Ariantec,
a network equipment and infrastructure specialist;

Does your wife and daughter use facial products and skincare products? They are amongst the highest margin products in the market. More and more individuals will be using beauty products as the process become lower and more affordable ( Sasa, Watson, Sephora). Da Vinci acquisition produces these speciality chemicals and aromatics, the only problem is previously the company scale and financial is too small to supply to the main manufacturers. Pchem has the money, and soon with PIC the production capacity. You can read the ongoing process of Fujifilm ( yes the camera film producer) and their skincare products derived from their know-how in making chemicals work for film. A multi billion dollar business from an obsolete technology.

This is an entirely new segment.

Another, from the Star:

Over the week, PetChem, which is one of the largest integrated chemicals producers in South-East Asia, reached a final investment decision for an isononanol plant within the Pengerang Integrated Complex (PIC) in Johor.

Importantly, the US$442mil (RM1.95bil) isononanol plant, which would account for 17% of the PetChem’s US$2.6bil capex for petrochemical facilities in Pengerang, would mark the group’s entry into a niche business with high entry barrier, and predominantly controlled and commercialised by technology owners for own captive use.

PetChem’s proposed isononanol plant is expected to come on-stream by the second half of 2019, with an annual production capacity of 250,000 tonnes.

The company guided that isononanol is an oxo alcohol which is mainly used for the production of Diisononyl phthalate, a high molecular weight phthalate plasticiser which is widely used in industrial applications such as automotive, wires and cables, flooring, buildings and construction.

With high margins due to high flammability ( niche product which highly used but hard to manufacture) and quantity of scale ( meaning they can product at cheaper price than competitors and with bigger volume),

I advise you to look carefully into what exactly is pangerang supposed to achieve, it's production targets and goals, the capability of management to achieve those targets and the history of pchem in achieving those said goals.

In terms of demand I have no worries, petrochemicals are really the wonder product of the Y2K age. More and more used for petrochemicals are being found for more and more wife ranging applications.

So sad. Everyone finally know how to respond to mr sapura rm3, insas rm1, bjland vt takeover, hengyuan 45. Just ignore the real conman who don't know how to value yinson, ql and topglove.

Just treat as if he doesn't exist.

How does despatch boy know lrt3 going to lose money?

Just like he knew insas warrants going to make huge profit? Like he know going to mgo and push up price?

Insas rm1? really?

I stop replying to stock raider long time ago. Ever since I find out he use proudly say he won enough to buy new myvi for himself ( or daughter, I forget). His gambling style, waste of time. And worse, angry and hurt after I reveal his comments.

Mr hengyuan intrinsic value 45.

But of course he is always Chun Chun call. So netx is definitely safe.

calvintaneng

Wait for 12 sen first target price

Then 16 sen next target

After all the good jobs turn into profits scomies will rise and rise to 30 sen just like carimin rose all the way to Rm1. 05

So anything below 10 sen just SAPU kaw kaw!!

What is the intrinsic value of scomies?

Quite easy if you follow Ben Graham rule

A discount of at least 30% from NET

Net
Tangible
Assets

THE NTA of scomies are prime shophouses, lands and others

A check with Alam Martin shows no real estate as NTA. Their nta consists of equipments on sea and under the sea

Imagine alam maritin vessels left in open sea for 5 long years since 2014?
Should have gone rusty by now

OK coming back to Scomies

Let's deduct 30% from 16 sen = 11.2 sen

So it is safe to buy scomies before it crosses 11 sen

To invest in value intelligently is of utmost important
19/09/2019 3:19 PM

Pchem I can pretty much guarantee will never lose money. You have to understand where the money comes. Almost half of their revenue comes from samur, the urea plant in Sabah, which supplies a huge amount of fertilizer to South East Asia, which is needed for Palm oil plantations. They are the biggest manufacturer with scale in the region, meaning their production costs are cheaper than the nearest producer, China. Samur produces 1.2 million tonnes of urea a year ( gonna is the world's biggest producer with 61 million). Obviously there is a shortage of urea fertilizer in the region, as from pchem earnings we can see that their gross margins are around 39% (545 earnings from 1368 revenue).

More importantly, previous quarter the plant utilization was 69%, versus this later quarter of 83%
. Their average plant utilization of around 90-95%.

I would say it is a perfect storm which caused their share price to plummet. Let orders due to trade war, increased turnaround activities and maintenance due to reduction in orders, resulting on lower production and lower price. But as the demand increases ( due to china virus restrictions) and tightened supply, in the next few quarters pchem supply and will increase as well as production.

You can say the pchem has never had a problem selling ( even with it's historically high margins (25% net profit historically. Even in it's worse condition it can still able to maintain 15% profit margin.

Pchem looks to drastically increase production by 30% this year from PIC. Just as China is curtailing production and closing borders in their bid to control the spread of the virus.

Your guess is as good as mine. But I'm pretty confident that since historically they have never lost money before, they have the biggest quantity of scale producer (4th largest in world) so they can undercut everyone and still make money, and they are expecting more demand in the years to come ( with the expansion from PIC), I'm pretty confident.

In my opinion, no two stocks are the same, thus multiple metrics are needed to understand a company. Rather than looking at levels of importance, I think it is more important to understand all the valuation methods, so you know the difference of each:

For example:

PE is basically a measure of what the market is willing to pay for the earnings of the company today. In essence, it looks at the confidence level of investors in the company. However, this metric does not look at the risk inherent in the company, things like debt levels, loans, growth. So if you are using only this metric to value a company, you would notice that companies with many hidden problems, appear to be good deals, because the future hit on earnings is not reflected.

NTA is another example. If you throw a stone at any property stock in Malaysia, using NTA as a metric you would find all of them are very undervalued. Buy? Not necessarily. By our accounting rules, unsold property count as assets, with the value of the entire condo based on the last done price of e apartment ( usually bought by the developers themselves). But what is the real value of an unsold condominium? That is the difference between accounting on paper and real life.

Even earnings before interest, taxes, depreciation and amortisation. What is the D&A? If you own a taxi and use it for business, do you throw away the taxi after 7 years? Or does it continue to help you to earn money. For example in bumi Armada, you can have a reversal when the fso once thought useless and headed for scrap suddenly gets an order and starts generating revenue again.

Even debt. Most of the time we look at debt as something bad. But take the case of yinson. They have a perpetual loan, where the principal has to be paid back in 999 years, while interest is served yearly. Is this a bad dent or good debt? If your father borrowed you 1 billion with no intention of getting back the principal as long as you pay him 5% every year ad infinitum, how would you value this debt compared to a standard bond ( principal+ coupon + interest after x years). Would you value a company that has the reputation to get these kind of jobs differently?

As investors become more complex and companies become more sneaky, management can constantly find many ways to sneak losses or shareholder depreciation without notice. If you only look at a few metrics like earnings, EV, etc you would fall to notice non cash payments or rewards to staff in the forms of warrants, esos, private placements etc which you won't notice hurting your earnings per share until it happens. How to value those companies? Especially when you buy REITs for the dividend yield, then noticing share dilution being used to prop up dividends.

My advise is to treat valuation there same as buying a car or house. First you look at the usual places where the price will be affected ( lady/male driver, km driven, history of accidents), then you open up the engine to see if any halfcut, welding, original parts replaced, then you look at the dents and bruises and trustability of the car seller. Obviously if you are buying a new car, some items can be overlooked, some ignored. But in essence it is the same. Don't be blinded by the shiny paint job ( the front pages chairman statements etc) and go for the nitty gritty ( notes and the financial statements, especially the notes!)



>>>>>>>>>

smalltimespeculator Dear Philip, when valueing a stock, and deciding whether to buy or not...

is EV/Ebitda , PE etc. etc very important ? or they are important, but not the first priority?

So with totality, look at ql with a different eye, and compare that with the rest of your stocks.

What is the last 15 years like for timecom versus ql? Just business valuation wise.

1. The past. Timecom made huge losses in the beginning, to pay for the growth that it has today. Anyone that doesn't look into the cost of capital expended to grow in light of the past is not valuing the business properly. Ql has been steadily growing and splitting it's business lines into multiple businesses successfully. Timecom has not shown the versatility or inclination to diversify successfully. It could have bought kronologi to complement it's business arm. It could have applied or bid for a 4g or 5g license band. It didn't.

2. The present - a very successful company. A wonderful company.

3. The future - ql products are simple, timeless and a commodity. Safe and easy to understand. Timecom products are so hard to understand as the future of communications become more and more varied and robust. Back in the day, I couldn't live without prepaid value cards, payphones and satellite feed ( in East Malaysia). This was 2004 (when voice and call was cheap). Timecom almost went bankrupt if not for the 5200 km fibre network they installed. Today, voip, WhatsApp has basically killed the payphone, internet router technology has killed the satellite home business, and if you told me if the fibre versus wireless communications (5G,6G and 8G research) who will end up the winner? I have no idea although I would like to believe the cheapest solutions will definitely turn up ( wireless). In 15 to 20 years I'm pretty sure family Mart, 7-11 and Lawson will still be around. A shift in technology could tender timecom going the way of it's first products the payphone and the prepaid cards.

After you understand all of this, then only does it makes sense to look into the financial reports.

I spent a month understanding pchem and gkent, trying to understand the long term prospects. Then after I was convinced it MIGHT be a good bet, then I looked into the 10 year financials to understand how the management works, and the quarterly reports to see how the money is allocated.

Simple, and yet far more complicated than you might think.

But nothing like this:

Having said that, to be able to say you understand something so well, that you can say with 100% certainty its going to grow at 22% for the next 15 years at minimum.

Its almost like saying, you're sure someone is going to be worth at minimum RM100m in 15 years from starting point of RM0. Not impossible, but my god, so bloody hard.

And to top it off, that person does not need to just execute his plan at an extremely high level, he needs to stay alive. Compounded possibility of death is 1.5% from age 25-40.

This is pure drivel.

4. Cigar butt value investing. What makes you think I bought ql at pe50? Obviously, there is something to be said for buying well. But, there is also something to be said of buying simple. You may think of buying ql as hard, but I think you are even better than me, you buy timecom, rcecap, lctitan, petronm, hengyuan simply by deciding that the earnings and assets you are paying for the business today is cheaper than the price you are paying for it, and thus the future will be better. Is that how everyone thinks value investing should work?

Charlie munger scoffs at that simplistic concept. I do too. 90% of the time, the deal you thought on paper accounting is a wonderful deal, turns out to be cheap for a reason. Why? You rarely think beyond to the future, or why the previous guy sold the stock cheap to you in the first place.

For example hengyuan. You based on simple valuations and extrapolate out and say this is cheap based on metrics, without understanding the business past and future. If you did you would have asked a few questions instead.
1. Why did shell sell in the first place, how much they sold the company for, and how much you could brutally honest get from it's operations? Past.
2. What is hengyuans history of operations, and what can they do that shell couldn't. Present ( or armchair analysts best tactic of analysis).
3. What is the future of operations, any capital expenditures needed in the horizon, what is the reasonable long term earnings? Future.

The problem with cigar butt value investing is that it doesn't take into account the past ( management capability, business capability), and future earnings.

You are basically repeating the same mistakes Warren did in buying Berkshire Hathaway in the first place. Buying second rate businesses with limited growth opportunities and management capability ( rcecap, lctitan, hengyuan, petronm), and assuming just because you bought cheap it means you bought well.

Thank god for Charlie munger.

3. Safety of investment. You state this:

If you think QL can grow earnings per share by around 22% per year for the next 15 years. And lets say you value a company (with similar capital structures) that can grow 10% per year for the next 15 years at say 10 PE.

QL would be worth 50 PE.

This is a very simplified concept, which doesn't take into account human psychology. Firstly, one thing you have to understand is if a business can consistently grow by 10% per year for the next say 15 years, there is an element of safety in it. Then if you consider the industry type, where the likes of similar companies like lhi and herbert eggs sputter in growth, shrinking sales. A huge market, but competitive as hell. Then you notice a company that is consistently growing and building a monopoly in this market space, while using every cent to grow vertically and ORGANICALLY ( unlike say scientex, which produces plastic film... Then becomes a developer, where is the synergy?).

You accountants look at PE as if it is all the same. A dollar is a dollar right? An engineer looks at materials, and understands quality. Stainless steel has many grades, 304 is food grade, 316 is industrial grade. Price is hugely different.

There is something to be said for the QUALITY of earnings.

You assume just because a company has similar capital structures then the earnings are the same? You should probably have a conversation with Ajit Jain or my wife one day, who is a trained actuarist. Then you will have a better understanding of what I am saying, and you might incorporate risk into your understanding of PE.

Spoken exactly like an accountant.

Do you really think that is how you value a business? By having a crystal ball and looking at a business and seeing it grow linearly? Obviously not.

I keep repeating my investment philosophy. You keep not listening. While ql goes up, topglove goes up, stoneco goes up, pphb goes up, yinson goes up.

First, don't look at the number first, use second level thinking and understand the business. Imagine business as a snowball rolling down the hill.

1. Market size. Some hills are flatter than others, just as some are steep and deep. First, you need to understand the addressable size of the market. Here you have to be brutally honest and understand the industry properly, because too many people make bad assumptions. For example rcecapital. You have the assumption that the market is huge in billions and rcecap has room to grow. But if you were brutally honest, you would understand that the lending market is smaller than you think, there is only a certain number of borrowers that are good for repayments. Cast the net too wide, and bad debts and bad customers follow. If the repayments are too good, the big boys try to find their way in. The valuation of the market size is an art in itself. Which is why I'm constantly surprised at those who have 20+ stocks in their portfolio. They don't bother to value the market and just concentrate on a financial report to " make" their money. That's why the richest people in the world are neverv accountants. They look at the wrong things.

2. Growth. A snowball gets bigger as it rolls downhill. Sometimes, it splits into 2.
Another problem with new investors is their inability to understand growth. If you think of it using engineering terms, Newton sees momentum, f=ma ( Google it up). Basically force is mass x acceleration. You extrapolate here to investing, a business that has a tendency to grow, will continue to do so given enough capital, assuming the same management is in place. The more capital they have, the bigger their growth. There is no other way, all you can do is follow up the growth quarterly, and invest accordingly. The problem you have is psychology, mr market. You assume it will act rationally and earnings and valuation follow in a similar fashion. It doesn't.

Who is smartrobie?

On margin.