Appreciate the useful information. anything else constructive to add?

>>>>>

i3Value Philip, lets do a simple exercise. Are you right hander? If yes, hold your right fist, point your index finger to front. Now count how many fingers on your right hand pointing to yourself.

Power generation of 1200 MW is fixed, it is a take or pay option in the PPA.
In other words, if at peak generation, per hour generated would be 1200 MWH no. of units. If the generation is less, then this lowers the 25 year profits. Obviously a power plant would not run at that maximum efficiency, yearly maintenance downtime is usually around 5% of plant efficiency (historically). and there is also a capacity factor as year pass by where the power plant will drop in efficiency (generation will usually estimate at 1-2% drop in generation capability every year). Question is if the petrol station owner is selling you a new station saying you can make 250K of profits every year and get back your break even costs in 8 years IRR12% (say you invested 2 million in the petrol station), how confident would you be?

Again, I am not saying the figures are wrong, but looking at steven's PPA figures I am more confused. I do not like it when inputs and outputs dont make sense.

QS is known.

>>>>>
Say you need to make a fixed sum of 100k yearly to cover your investment, if the QS is not known, how to be make constant sum of (PS) ? PS here is equivalent to Capacity Payment.

Little girl has said her piece. Now time to let icon8888 insult anyone who doesn't agree with his bullish stance. those who can't win arguments, start by insults and calling others who have differing opinion stupid and idiots and " I am a ex-investment banker, so I know more than you" and " I am an ex engineer turned banker, so whatever I say is right!". Address salient points, and I will respect you more.

Right now, my rispecta for this little girl icon8888 is below zero.

>>>>>

Icon8888 She is a little girl that needs to win every argument

Let him win

Sorry, her

sausages and frankfurter comparing is illegal by brunei law. death by stoning. I3Investor is trying to save us from death penalty.

Stockraider the lame loser, he thinks anyone cares what he thinks? Did you drink too much talamt XO at 0.055 and now need to vomit?

It's ok, I dont have any bones in this stock at any rate. What I try to do is to share with new investors who only look at profit profit profit to also learn how to weigh the risks in an investment. Just because shares are going up doesn't mean it is a riskless investment.

OK, I am a big li- er,

I will keep my future comments to myself.

Good luck to all future endeavors, may your trading activities be fruitful!

AS already STATED by your kind self, the coal costs are pass through. The fixed costs are for ancillary and O&M and replacement costs. The difference is is their profit margin. DK66 you are brilliant and very sharp indeed. Here is my 5 cents.

If you take the example of a gas station, where the prices of Ron97 and diesel are already fixed nationawide, what is your rationale of calculating your fixed costs? Its simple algrebra. you take out the pass through costs of the fuel price (fixed by gov), and you calculate the profit margin on the basic difference sold (also fixed by the refiners and gov) minus the expenses in managing and maintaining the said gas station.

No one is asking the gas station guy to absorb the risk of fluctuations in the price of oil and the nationwide set price of oil selling, there is always a control mechanism in the contract.

Finally we hit the nail on the head, the REAL profit margins gained from the long term 25 year building, managing and operating and repair and maintenance of the power plant.

More importantly, how much of that 30% share do you think is going to your pockets as dividends and buyback? and how much of that is going to the other new vietnam related projects raised by CEO for "future" expansion, and to CPEC kickbacks to JAKS directors and insiders?

It calls to mind companies like INSAS and PROTASCO, where you believe there is value in the company (and there IS ALWAYS VALUE), but you as minority shareholder will probably not get a single sen of it.

When a company has an issue in appointing substantial shareholders as directors to monitor and make sure the guidelines and company procedures are met and followed properly for the benefit of ALL shareholders, you need to be careful.

When the CEO appoints his chosen as the directors to sign off on all compensation plans and business strategies, you have to think carefully on accountability.

When the CFO starts selling his shares and options in the company, you need to think about the WHY. Those who have biases will think CFO selling as a stupid thing without wondering and asking... WHY SELL if it is SO DAMN GOOD? Wouldn't he have insider knowledge on a good company?

Adik sarifah: here is a old uncle advise for you, which you can google easily and read up.

Teh Soon Seng
Aokam Perdana

I'm sure you have never invested in the company or been born at that time, but remember this: history never repeats itself, but it sure does rhyme.

>>>>
how can Fixed Per KwH tariff allows for pass through of fuel and variable costs ??

hydropower is far far more expensive than coal fired in terms of capex and initial startup costs. It involves damming and ponding certain areas and produces far less power than coal fired plants. It is also less risk and maintenance required.the MFCB one only produces around 260MW, but is estimated to cost 500 million usd to build( their version involves no dams and is a run of river mekong project) . The rates for hydropower are also far lower than other active energy streams. You can look further to the PPA agreement to know more. (the laos project is estimated payback 5 years and irr 17%. but this info from CEO la. I call bullshit, the usual payback period is around 10 years and IRR is around 12-13%). FYI their PPA agreement is 6.15 cents per KWH.

coal fired plants are cheaper to build (estimated 1.87 billion usd to build 1200MW double cycle coal plant) but have more expenses, maintenance and replacement cycles compared to other energy reactors (unless kids here think 25 years no need to change and order spare parts?), the payback period is around 8 years (more like 11 ), and the contract is also for 25 years. (irr 12% according to jaks CEO, if you can believe it). historically, combined cycle have a real rate of below 10% IRR after all the costs of BOT are involved. But who knows? China can do miracles.

FYI I speak of this from a background as an electrical IR doing many biomass projects and heat exchange contracts (as well as M&E design works). so you can choose to believe or not believe what I say.

I won't lie to you and say I am a fake engineer or investment banker. And most importantly , their PPA agreement is X.XX cents per KWH (ask me how I know this, I won a drinking match). which is an ok deal in the long run, but definitely not worth the RM6 - RM10 tp a lot of I3 investors are pushing.

3.5 sen. big difference between 35K and 30K dividend for me, can buy extra 4150 shares for the future.

So how to be lowest price bidder and give money to najib? you crazy? impossible gkent and china can do the job properly.

>>>>>>
“However, for this work package, I am pleased to announce that the successful tenderer had quoted the lowest price,” he said.

counting small change takes a lot of time definitely. 1 cent, 2 cent, 1 dollar. KYY just count the zeros and donate the rest. funny busy counting money as if you got a lot. showing off your thousands again. fake investment banker/fake engineer boring la.

>>>>>>>

I small fry nobody old man no time quarrel with all the sifus here

Busy counting money instead

The historical consistency of both companies has proven that dayangs earnings are not consistent and yinson is. Earnings stability play a huge role in share price increase. That and paying growing dividends should also be an important criteria for share quality.

How consistent do you think the topside maintenance works will be in the long term?

Punter don't forget to add in dividends in your calculation.

Winner gets to pick the name for the losers for 1 month. So for the next month you get to enjoy everyone profile photo and pick IloveJayC, JayCBigFrankfurter, etc etc.

Joking.

Mamatede I feel sad you don't think I am big fish.... Just because I bought on margin....

I expected it the moment I bought 1m shares in margin at 1.12, to enjoy 3.5 cent dividend and 20 cent share price increase. I'll probably hold until it reaches rm3 then re-evaluate after quarterly report.

>>>>>>>>>>>
but today price at 1.30 is good tp ,which is not expected to every investors...

Hi ikah ex dividend was last Friday, today is Tuesday already way past the dividend ex date...

Aren't you speculating that there are speculators who are contra players? Maybe they are not speculators but real investors who believe in gkent and are buying for the long term?

In either case I know the basis of your speculative remarks.

I think you are speculating too much.

The real money is not made in the buying and selling, but in the waiting.

Kyy choose DAYANG

Ikah2000, may I know why you are so bearish on Gkent? Any reasoning behind it?

Its funny how choivo puts 32% on his so called portfolio xx% share because he is afraid other people will buy his stock and cause him to unable to buy his share at good prices, however everyone including you and me know it is RCECAP. I estimate his share capital to be below 100k, with the way he carries himself and acts so Huffington post. I highly doubt 32k will cause a blip in the share price of pump and dump.

Ok la give him benefit of the doubt, if his total portfolio is 1m, 320k
is a grand total of 0.05% of entire share cap of rce. Very Jordan Belfort there, I'm impressed if that even makes a blip too.

Let's face it. Jonathanchoiyikit@gmail.com is just another Warren buffet wannabe who thinks anyone cares about his investments. Maybe he should stick to teaching other people how to buy stocks, instead of doing so himself?

>>>>>>>
No, you definitely not pump and dump. Your portfolio so small how pump? And when you dump, got effect? Can move 1 tick?

I highly doubt there is anything to believe or disbelieve, since all you do is plagiarise the other great investors so as to increase your credibility. I liken you to the "great" Mary buffett, whose only call to fame was as the ex-daughter in law of Warren buffett. She got famous not because she was good in investing or has any net worth or running her own fund, but more because she starting writing investing books due to her close proximity to Warren buffett. She wrote everything with the title buffett, even keeping her married surname even though divorced.

Her "books" if you can call it that, are easy to parrot because Warren makes it sound so easy, however it is dastardly hard to practise, as I'm sure you and choivo have started to find out.

Its like teaching someone how to play chess, and playing chess professionally.

You are no grandmaster. Aigoo.

Same goes to choivo, who chooses to insult other writers instead of offering constructive criticism.

Having said that, things may have changed with Sendai, meaning business in the future will be looking up! I just can't forecast it well enough long term to invest in it.

I don't like construction companies which undertakes major projects without understanding first if it's clients can pay, and if they are not sure on payment, to get bank guarantees beforehand.

I used to have a business partner where we got into some small renovations business. He would get the projects and I would arrange the workers and supervisors.

In the end I ended it because the partner kept on getting new projects, but forgot to collect money from the completed ones. I had to keep forking out money to complete the renovations which never got paid.

No matter how good the Indian guy is at completing projects under budget etc, if he can't collect payment from his existing projects I don't think the business is worth investing in.

I just noticed this statement from sifu kc chongz. It is slightly inaccurate, when it first listed they only sold 3.3 million shares at 1.50, with the rest via private placements and legacy ownership from taking over sin kwang plastics etc. At IPO launch back in 2003 the total valuation of the company was I believe around 150 million at second board. The valuation today is at 1.7 billion. I believe you discounted the fact that there was many many many warrants being issued to fuel the growth, as well as private placements ( basically another rights issue). Even today there were warrants being exercised. However investors need to understand that warrants are not free ( unless you let it expire worthless). The price paid for the conversion should be a part of the overarching cost of the "baggers".

Now don't get me wrong, I'm sure SKPRES is a good company. It's just interesting in how one judges the concept of "bagger". I missed it myself.

>>>>>>
Posted by kcchongnz > Apr 4, 2019 11:30 AM | Report Abuse

From 10 years ago in 2019, the adjusted share price of SKPR was about 6 sen. After ten years it is RM1.37 now. That is a 23 bagger in just 10 years. If we considered its peak price a year ago at RM2.30+, it is a 37 baggers.

so far net cash, business is growing but the margins are similar to companies doing facility management. The part I dont get is the competitive advantage, landscaping and facility maintenance (and security) is something majority of alibaba political appointees have been doing for decades, simple job with difficulty in fixing a cost so it gives them high margin to give for undertable.

We have tons of those companies here in sabah doing similar thing, like sedafiat (faber mediserve previously), and a lot of those private companies.

The part I don't get is why get listed? I would assume they are very good at what they do, and low cost property(facility) managers. But I can't shake the feeling their contracts are politically based.

I'm still thinking about it, but as of yet I can't name a competitve advantage that they would have over peers. The basic KPI for facilities management is to reduce costs, but that would also mean they cannot charge high fees (which reflects the low net profits). So how to pick a good facilities manager?

Confused :(

>>>>>>
Posted by LaoTzeAhSir > Apr 8, 2019 10:32 AM | Report Abuse

hi Mr. Philip, how's your findings on AWC

haha this sausage competition has given me more scuttlebutt material than my recent blog ever did. Thanks punter.

very much agreed. The power of a good and able management is not to be underestimated. I found out about this the first year i bought QL resources, then later when I bought topglove and still later when I bought Yinson and Public Bank all those years ago.

This is the part where investing stops becoming numbers and charts and figures, and when it becomes an art where business advantage, honesty, reliability and scuttlebutting blends together into a wonderful mix.

I have been investing for almost 20 years now, and still the idea of finding a wonderful business with excellent management excites me.

Awc is very interesting, I have never heard of it. Let me take a look.

But having said that, this is how you show credibility, with a date, a buy call, conviction in buying a stock. So when your results are out there in the open, no one can doubt that you are are not simply dumping your mouth off. This is something Ricky and Jon cannot do. Even sjh blog is better than Ricky webnovel. And he wonders why?

I'll leave it on a few days so he gets more investing clients. He is averaging 79% a year after all. Much better than old uncle like me. I do less than 25% a year. He needs to be respected.

Ok la big sausage Soo, let u win. You are the best sausage! Even though quiet quiet STNE performance returned far more in shorter time, I'll queue at the back of the line make you happy a bit.

Exactly my point.

Sure kid, good for you. Hope you do well with it. What's your 5 year CAGR?

I will always remember you as the kid who described to me a microcap based in China with a energy efficient design which is better than what GE, ABB and SIEMENS can produce. Somehow it doesn't have an international patent, and it decided to list in Singapore instead of China. Well.... I went to China few months back and on a whim decided to visit your "moat" company factory and it's facilities.

Guess that? Your credibility went out the window for me as well.

Hi kid, how is your super energy china company listing in Singapore doing today? Another one who loves commenting but has zero credibility also.

>>>>>>

Uncle Philip, I tot u said u dun like to compare sausage. But now u compare with Ricky's and Jon's. I think you actually like to compare sausage lah.

How is that credibility? Sorry you don't get to claim any of that, as you didn't bring it up in your webnovel at all, or give any explanation like David why you buy and your criteria, when you bought and when you expect to profit. Try harder. At least post an article, like you love to do so much.

Maybe if you follow Felicity with a proper portfolio, I would be more tempted to believe you.

As it is, I also can say I bought scientex when it first IPO, and Aeon credit when it first IPO ( even though no AEON in Sabah). But I won't, because if I did I would at least have some hubris and explain my buying criteria.

The ones which you did analyze and promote like favco and apm are also not doing so well.

If you say you bought favco and apm at it's height in 2014 and followed it all the way down until today, well then we can both agree on something. You and choivo are the same kind of theoretical investors which should be listening to uncles like connie555 and icon8888 and 3ii instead of disagreeing without any financial returns.

Poor portfolio performance also leads to lack of credibility.

When you go out on a limb, promoting poor performing stocks without a clear investment thesis ( and returns) is akin to those trading class teachers who promote 2 day classes for 3k saying you can make 5k a month, just trading 4 hours a day! Wow!

Is it possible? Definitely.

Is it probable? I leave it up to you to decide.

Just because you read a lot of books doesn't make you a good investor. This applies to you and Jon choivo both.

Obviously this applies to me as well. You may not believe me when I say I bought ql, topglov and YINSON when I say I did. No matter.

How about 2019? You can view my instincts acumen by comparing my long term results ( and articles with my reasoning) on

STNE: NASDAQ( January 2019, USD 19)
PCHEM ( February 2019, rm8.15 - pre dividend 0.18)
Gkent ( March 2019 - rm 1.12- pre dividend 0.035)

I show my articles written and publish dates, quantities, price, and I bare my soul, so if my investments don't work out you know I'm a fraud and I lose credibility. If it works out I build credibility.

Simple isn't it? It's about investing, not story telling.


>>>>>>

Alright alright, if you want credibility, I bought Scientex since 2012 and Aeon Credit since 2014. I bought others like APM, Favco too. Is everyone satisfied?

bye troll stoneraider. wasting my weekend replying you.

what do you do with the 70%? buy a different stock and hope for the same result?

There is a saying about selling winners to follow losers. I used to do that. didn't end well.

I found a better way in 2009.

>>>>>>>
If my stock rise 500% in a day I'll sell off 70% of it. And keep the rest. Simple...

If you keep spamming entire pages with repasted comments I can't reply. Sorry. can come back in 2 years and show me your insas performance versus QL?

>>>>

How can u use her blog to cover your shortcoming leh ??
It is like hiding under other people mother's skirt loh...!!

spoken like a true troll.

IT ALL COMES BACK DOWN TO CREDIBILITY.

I don't see her "disagreeing" with other writers on i3 unlike risky yeo, choivo capital and stockraider.

the way you guys comment on other peoples writings without a shred of credibility, results or quality of investing acumen tells a lot about your "worldly wisdom and mental models".

This is about investing, not about a fantasy essay writing webnovel.

http://www.intellecpoint.com/p/position.html

I suggest you read HER investment blog and compare it to yours. You obviously have not read anything and only like to obliviate whatever your don't like.

Her blog is based on the real world, what she reads, what she understands and she adds her results into a properly documented investment portfolio with tangible results.

RESULTS ARE AN INDICATOR OF ABILITY.

So when she comments, I listen 3 times.


>>>>>>>
Interesting for you to say that. Maybe you should give me an idea that doesn't build upon someone else's idea. As if boom you born into this world with your own original idea. Felicity doesn't refer to someone in his blog doesn't mean he thought out everything on his own right? Like everything just appear suddenly.

Troll shut up. Your comment makes zero sense whatsover. another troll who likes to argue for the sake of arguing.

Hey. Im still waiting on your spam on why SAPE is a good investment. Why so slow? need to warm up engine is it?

>>>>>
Agree is relative it does not mean u must be 100% agree mah...!!

Is this how risky yeo makes money? by joining his book club?

OK. sign me up. how much you going to charge me?

>>>>>>
I have read many books over the years. And forgot 90% of them. So I rely on notecard, journal, marginalia, and writing to remember all the big ideas. Now I am compiling this knowledge before turning it into 500 most important lessons in investing. This is a work in progress. If you are interested to receive a copy, please leave me your detail.

Why? I fully agree.

It is full of theories and quotes by OTHER investment managers with results (not you).

Book recommendations by other writers (not YOU).

Investment lessons by other people (not YOU).

aka INFORMERCIAL.

I challenge you to read the blog by felicity. so full of freshness and quality of thought process (and real world investment).

>>>>>
oh by the way, musingzebra is full of investment theory. I welcome you to tear them apart.

see... arguing for arguments sake. if you agree with david, why would you state more reasoning? that is pure trolling.

agree means agree la. what other meaning can it be?

It is when you disagree then you have an ALTERNATIVE VIEW.

ALTERNATIVE VIEWS should at least be expanded upon. David has the courtesy to share his original views, should't you extend the courtesy of rebutting it if you don't agree it is of value?

that is like that fat bully in school always going duh! you stupid and dumb! har har!

How is that constructive criticism?

Or does troll land for choivo and risky yeo only entail criticism, without the words constructive?

Maybe you and stoneraider should hang out more often, neither make any sense most of the time.

stockraider... now you spam other thread as well? really nice job, i give you 3 minutes to start foaming at the mouth your wonderful SAPNRG investment 70 billion in 3 years and 3 months.

Here is one good lesson, from an old man who is wise enough to admit his mistakes.

don't boast so much on being an ex-investment banker/ex engineer etc.

Hope Icon8888 learn something new today.

>>>>>

Most investors cannot control their emotion. They are egoistic and greedy. When their shareholdings are going up, they would not sell and like to boast to all their friends that that are so clever to have bought them at much lower prices. The biggest problem that most shareholders have is greed and refuse to sell early to take profit. Profit seems like a dirty word. While the price is going higher, they continue to boast.

your mnrb + insas is less than 15% of QL market cap. and you dont even invest in either of them, as your foaming spamming of SAPE everywhere is showing. trolls like to compare 3 months result and say their investing is working. I'm looking at 2+ years remember as per your challenge? give you a chance, as 10 years results nothing much to say la. we know who winning.

But more importantly, notice who doesn't go around spamming their investment thesis on every page? I'm confident in my investments, unlike office boy trolls.

see, another troll in stockraider. He makes it worse when he copy paste entire past comments to fill up his comments to block out other people. what he doesn't realize is he just talks the same nonsense over and over using similar words. I give him 5 minutes before he pollutes this thread with new (repeated everywhere) comments on his 3 yrs 3 months SAPNRG 70 billion RM3 strategy.

ok la let you boast boast a bit, so you can be happy happy. It doesn't make a difference to me. The only thing that matters is how you carry yourself as a human being and how your investment theories work out.

As long as when you post your chun chun buy call, you match up with with your chun chun sell call, then i'll be happy to call you sifu all you want. don't pump and then dump, then I'll keep my comments to myself.

I assume since you say your JAKS is wonderful 10% portfolio investment you will keep it at least until it hits your assumed value of RM3?

Lets see how long that will take.

>>>>>
I electronic engineer specialise in communication system

My final year thesis was State of The Art Speech Recognition System. My final year project was related to Wavelength Division Multiplexing System