ORLY.
bingo!
gem?lol!
SO SAD.


Maybe if I use one word answers I would learn more from this forum, eh troll?

Thanks.
Aiyo.
RIP.
Wow.

>>>>>>


arv18 Man, Phiilip, what is wrong with you dude.

Take your medication.

Please!

then what would you consider a good tool? the easiest clearest metric would be how much money you put in the beginning, and how much money you ended up with today. Why is this important? There is no quantifiable, verifiable way of knowing how well you will do in the future "stage" unless you have a time machine to go forward in time.

Investing is a continuous, more art than science.

I don't really believe in cherry picking and breaking down results unless you are looking at 1 month to 1 year metrics.

I mean, is getting 30% returns in 1 month really better than getting 10% results a year for 10 years? especially if that 30% returns get you bankrupt in year 7?

In the end it is a net positive effect on businesses in malaysia. With the new chemicals to be produced by end of this year onwards, many new industries will be viable and growable in johor and malaysia, producing many end products which we have traditionally had to import from other countries.

With availability of new forms of raw material for these industries, it will be able to produce at a cheaper rate and export within the local SEA region and beyond.

Which will then spur demand for more products from PIC and PCHEM.

Which will have a net long term effect and growth of the supporting industries.

Virtuous cycle indeed.

https://www.investopedia.com/terms/c/cagr.asp

If you are just looking at nav, it went from 140 million to 498 million. Sounds good? If you average it out over 14 years since 2005 it is earning less than 10% per year. But you are a smallholder. So if you want to cash out today from ipo, you only get the share price increase ( no dividends, no nav) which for closed end funds is usually a discount to nav historically.

So as a smallholder you only get share price increase from rm1 to rm2.43.

For waiting 14 years.

You are getting like 6.8% compounded per year for holding on for 14 years.

Not exactly Warren buffet.

I don't want to waste time comparing with David Webb whose investment is based in Hong Kong in the 90s when hkse was full of lax oversight and regulatory problems. Different market. Different systems.

I ask soojinho who invested in Bursa Malaysia what his 10 year returns are with his cigar butt investing are.

Since you like this question so much,

What is your 10 year CAGR in bursa investing? Switching cheap ass stocks and all that.

Be honest.

I can smell bullshit a mile away.

Find me line in YOCB where I criticized someone for in investing in YOCB. Then I will give you 2 million shares in QL.

I have and will always only give my honest opinion in the long term prospects of the company itself. What I believe to be is long term competitive advantage, and where it is going in 10 years from now. You do with that what you will.

I don't bother insulting other investors or their investing acumen. I suggest you stop criticizing others as well.

I couldn't give a rat's ass about what you buy. I try to understand the business itself.

But let me ask you one simple economic question.

How deep is your understanding of YOCB? If I asked you to give me a logical, probable, possible futures 5-10 years from now where yocb will hit 1 billion in revenue and 100 million in earnings, how would it achieve that. And how far along your estimated growth plan is yocb performing so far.

That is a mental model that I use in preliminary evaluating any company.

Not switching and hoping and betting on luck.

You cherry pick this quarter when entire small cap index bounce and say yocb is the best? Sure.

If you want to cherry pick short term, why don't you study your opportunity costs? DAYANG and carimin blew you out of the water. Jaks blew you out of the water. Even my brother in law when he bought more pphb at 0.46 this quarter didn't do so bad. Even sapura blew you out of the water.

But are you looking at short term gains or long term performance? Yocb short term price swing is average. Long term price swing is average. Long term business performance is average.

Can make money? Sure.

But wouldn't you rather invest in your "moat" China company listed in Singapore with super clean and hyper efficient technology that is better than nuclear but has no international patents, no customers outside of China,no verifiable technology in Singapore, and obviously no one has heard of globally. That sounds like a sure win investment!

Wouldn't you rather "bet" on that kid?

Find out where I said the exact words that mine is the one and only true path. I will give you 2 million shares in TOPGLOV.

I never said that you will not succeed, as people who buy average companies for wonderful price definitely will succeed. It's called ben Graham net asset cigar butt investing.

What I believed Warren buffet was ( and I found out myself) if you are deploying big amounts of equity, you will not have oversized rates of return compared to buying wonderful companies at fair prices.

His words, not mine. Why you worship him and egg me? Go drop a letter to him la saying that his methods are trash.

And you yourself are a very clear example. You hold 1 quarter get 13% and you get the right to make fun of old uncles?

How MUCH money did you deploy? Are you going to hold it in YOCB for the next 5 years?

If you held a stock for 10 years with 27% average compounded growth ( and you topped up every quarter), then you come back and insult uncle ok la.

If you haven't been investing that long, well I recommend you to read more and insult less.

I promote PCHEM much less desperately than your desperation promotion of INSAS. Don't believe? Look at your promotion of INSAS in every page? But how much it goes up? Malu lo.

I don't have Facebook.

Ok lo. We assume oil price forever below usd40 and will never go up ever again.

With this example FPSO forever bad business

Nice article.

Best thing is it works.

I sat still in QL since 2009 and added my position every quarter for 10 years.

I still hold QL now.

Long live Mr partridge!

It went from 1.15 gearing level in 2015 to 0.47 gearing level in 2019, while increasing to 3.7 billion in net assets. All the while increasing dividends, earnings and revenue ( and 4+ billion in project wins). In what universe is this company going bankrupt? Are you retarded or did your dad drop you head as a child?

If you want to be stupid just go ahead, but no need to go above and beyond and join Chua soi lek in his insanity and blindness leh.

What's wrong with you 2 trolls. Really embarrassing.

Don't even refer to facts and figures just spout whatever bullshit.

EPF already selling down Nestlé. Dgsb doubled its share value by 100%!! Nice la!

You need serious help Stockraider. Maybe Herbert can give you some eggs?

Using this logic are you saying modec is a bad company? Murphy oil is a bad company? Schlumberger is a bad company? Just because sapura and bumi armada is lapsap?

Ok loh. Moving on. Ignoring attention whores.


>>>>>>>>
This FPSO industry business model no good loh.....!!

My advice is to teach your children how to find the right crowd to mix in wherever they go. Ask them to find the smartest person they can in the room smarter than they are, and stick to them like glue.

Expand their horizons, get them to learn basic medicine, basic engineering, basic economics, basic IT, basic music, basic carpentry.

Tell them to learn the big basic concepts of whatever it is they are learning, and how it relates to other things.

Tell them even though they are paying for a course they took, doesn't mean they can't jump into another room and learn what others are doing just to learn more and increase your overall understanding. No one will kick you out of the law or biology class if you have the spare time and there is an empty chair. Even if you are learning mechanical engineering or accounting. Trust me, in university the are a lot of empty classes, empty days, free hours everywhere. Fill them up by listening to something new everyday. Enjoy learning. Enjoy reading.

I did.

Tell them about mental models and how to build one. Tell them how everything is interrelated. Teach them to see reality better through a multidisciplinary lens. A better accountant is one who understands construction. A better surgeon is one who understands sports. A better politician is one who understands economics. A better engineer is one who understands business. A better lawyer is one who understands music.

A university that is open to giving freedom to students in learning as much as they can is one that is rich enough not to care. Smaller universities will not give you that opportunity as they will have multiple campuses spread around far apart. The bigger universities will have everything in one major campus. I recommend you send you children to those kind of universities. Me and my wife actually enjoyed just joining other classes just for fun, listening and learning new things for fun

That was how I met my wife actually. She is forever smarter than I am. I attended a class learning about actuarial mathematics( prediction of the future!) while learning engineering in UM. That was a fun experience.

I thought Stockraider very rich? Can throw 250k into INSAS but no money to give his kids a good education in England? You try to find a good job wth Petronas, Accenture, Shell, Big 4, albar & partners, HSBC, STANDARD chartered with your tar college degree?

At the very least get a UM degree like me la. If no money at least get some brains.

What is the percentage of towkays from tar college vs the percentage of towkays who studied in Oxford?

I'm sure the success rate will not surprise you.

In the long run paper qualifications do not count so much. But attitudes and aptitudes will always matter.

Trust me on this.

You stick around poor attitude people, your attitude will become so.
You stick with rich attitude people, and so will your attitude become.

If you have poor people mindset, dont't expect to learn differently from your crowd.

Same if you have rich people mindset, you will know they do things differently, think differently, act differently.

It doesn't matter where you go, so long as you learn life skills from people smarter than you.

You can learn rich people mindset, even among the poorest students in tar. You can get infected by poor people mindset, even in Oxford.

But rich people with the right mindset usually gather in the same place, same group, same like minded people.

That is where you want to be.

(Rich did not mean wealth. It's means attitude, aptitudes and a focus to life improvement.) Be rich up there. Money will usually follow.

EXECUTION OF CONTRACTS WITH FIRST EXPLORATION & PETROLEUM DEVELOPMENT COMPANY LIMITED (FIRST E&P):

Estimated aggregate contract value approx. USD 901.793M = RM 3.671b.

well done Stockraider.

Again you talk without thinking, same like nestle you say EPF selling when actually their shareholding increasing. I really lazy talk to you who don't know how to invest. But I repeat for the benefit for all.

Read the contract properly. Firstly they are redeploying FPSO Allan, which is already fully paid for in the ironclad contract that the charterer has signed to pay penalties equal to the ship loan refurbishment of they cancel early. So no added costs and loans required. Fyi Allan was in Gabon t line 10 years earning excellent charter rates.

Secondly look at the cost of refitting their FPSO for projects, it is the lowest in the market and always completed ahead of schedule. Thhe can't even complete simple projects on time and armada takes stupid deals in dangerous seas with poorly written contracts that cause them to be caught in very long term lawsuits that don't hold well in court.

YINSON only borrows money and refits ships only when they win a contract, not before. YINSON didn't do stupid things like sapura which uses oil barrel sales as their profit margin.

YINSON only does fixed charter rates. And o&m works on their own FPSO only on top of bareboat charter.

Best in class performance.

All I know is they bought it. It's under investment, it costs less than 5% of their quarterly revenue and it belongs to me ( the shareholder of YINSON).

I don't see any warrants or rights issues recently.
I don't see any huge director salaries.
I don't see any big borrowings that is not guaranteed by ironclad contracts.
I don't see any esos frivolously given.

Management is worth every single cents.

Because they want to raise cows?

Seriously how should I know? Is that even a pertinent question?
I would instead prefer to concentrate on pertinent questions like giving big esos yearly that benefits employees at the expense of shareholders directly ( not recorded a an expense in mfrs), or frivolous giving out of warrants that will have a direct impact on shareholders dilution of the business.

I would say that is more pertinent though.
>>>>
Philip, why Yinson invested in 6 units condo which is unrelated to their business (Annual Report 2018, pg 197)?

I apologise Mr Chua soi lek. Can I have some facts and figures on your NH liquid egg factory production and sales volume/ price guidance? What is layhong production costs for day old chickens, broilers and eggs as compared to QL, TEOSENG, CCK and other competitors? Why is layhong net margins for 2018 below 2% when QL enjoys 5+% , CCK is 3+% and TEOSENG
5+%? Fyi QL does 690 million in poultry revenue a quarter and still manages their business better than LAYHONG.

Basically if you know how much it costs for then to grow a chicken to sell ( knowing the costs of their animal feed, their culling costs, and production quality death rates when no antibiotics are applied) then you know if layhong is a viable business in the future.

FYI do remind the doctors never to give you add your kids any antibiotics when they get very ill and have to do surgery

I'm sure antibiotics are not good for health right?

And also vaccination. Don't get your kids vaccinated either. It has mercury as transportation vehicle in the jab. Very dangerous!

Fully agree with Chua soi lek. We should stop making fun of layhong and start buying the stock!

When it goes down to 0.25 per share...

But having said that James Ng is right, next quarter revenue and net earnings will be down unlike last quarter. This is because the management has already guided to a "soft" coming quarter as explained.

I will be using my dividends to buy on the dip.

As the dividend and profits are good enough for me since beginning of the year till now to hold and wait. So far I have earned rm1 per share+ 18 cents incoming dividend.

Not bad for a few months research and work.

he dropped his godly when speaking to the sifu? At least he knows how to be humble!

I am a plantation smallholder (with 40 acres shared amongst old friends), an M&E engineer, a technical manager, an MLM Diamond, an amateur stockpicker (with 20 years experience losing money for my father in law, wife and best friends), and avid reader of all sorts of books who doesn't have a single financial degree or CFA.

But I daresay I know a thing or three about investing in businesses listed on bursa.

I would say all knowledge is interrelated, and all knowledge is useful.

It depends on how you apply them in your mental model of understanding a business.

Is a CFA level 3 useful? sure. Does it make you a better investor in Bursa? Depends on how you use it.

Much appreciated! I hope that more and more investors will be attracted to this site in the future a well!

3iii, quick, make stockraider apologize again. EPF is buying big into NESTLE again.

Even KYY is unhappy that government is selling his dayang and carimin etc and buying NESTLE instead.

As they should. I want EPF to be stable, have growing dividends every year, no rocky share price, and give me money when I retire.

I dont want to retire in 5 years and find out EPF has lost me 64 billion ringgit... poof!

>>>>>

But put it this way, pls do not run the risk of extrapolating that epf is going to continue buy more nestle going fwd loh.......!!
EPF has increased the shareholding by 10.4% todate but share price had gone up by roughly 60% loh....!!
My school maths teacher always tell raider always beware of the mathematical imbalance loh....!!

That does not mean epf will not start disposing going fwd mah.....!!
In fact the latest announcement EPF reported on 12 OCT they are selling 6k units, and raider suspect more selling on the way with high valuation of NESTLE with PE above 50x, it is ripe time for epf profit taking loh....!!

So do becareful in chasing such a overvalue stock in the current challenging time loh....!!

To be honest, I have never bought "high growth stocks". When I bought QL in 2009, it wasn't exactly a high growth stock, I just followed and invested in it every quarter with what money I had, watching it grow.

Same thing with topglove, who would have predicted that it would be a high growth stock in 2010? I just found a stock in an industry that had room to grow (a big market "pie") and had found some competitive business advantages that was apparent and growing.

It is now my 6 year holding and buying into YINSON. Can anyone predict they would be the 6th biggest FPSO company in the world and overtaking ananda krishnans bumi armada? I knew they would do well, because they were a malaysian company that was competing out of malaysia, and the lowest cost producer in the fpso charter industry. but high growth?

PCHEM was a low PE stock (in its industry) that I think very well of.

HLIND is also another low PE stock, that has been having good growth.

Those are all in markets with room to grow in Malaysia.

RCECapital can only borrow to the best of the B40 crowd, therefore terminal growth and growing sloooooowly. If it goes beyond the 100 million a quarter, it will start to borrow to the not so good crowd,and you will start looking at NPL skyrocketing up. and looking at MBSB and competing with AEON credit I dont think it has the management talent to compete with them. It is the rich son of AMBANK boss at the helm, what can you expect?

MBMR is just a car dealership in a very oversupplied market with no differentiation, it has already hit terminal growth. It hasn't broken the 500 million a quarter mark since 2013, I dont expect it to grow much as its wheel manufacturing business is badly planned, badly organised, doing badly and last I heard it will sell it off to someone smarter. It has already shown a failure to diversify, I wouldn't be betting on its "bright" future anytime soon. Who buys daihatsu trucks anyway?

BIMB on the other hand I think would be a good choice, as its takaful business is doing well, the asset quality is better than most, and surprisingly it is becoming more convservative and careful on its loans, which is reflected in it growings earnings (but more importantly less riskier loans).

To be honest, all the stocks you listed I think will do average over time. It will perform meh. But I dont like the industry well enough or see it good enough that it will give you amazing results over 10 years.

Think about it from my perspective, if you want to invest in something risky like stocks, you need to compare your risk profile versus EPF (6.13% PA) and ASB (2018 = 7%). These are almost zero risk investments over its lifetime (over 20 years since ASB was launch in 90's), so your "low risk" stock ideas better average more than 10% per annum (including all costs, dividends etc) otherwise you are better off just saving your money in a fixed deposit yielding 4.25% and compounding the profits.

will YOCB give your that 10% capital gain a year including dividends when you calculate your risk in holding the stock for a long period of time?

I leave it up to you to decide.

I pity simple investors who think investing is easy and can broken down to 5 point question/single word answers.

>>>>>>

I have a question for Philippe, though. For you, companies engaged on traditional businesses with low PE and which post slow but steady gains on top and bottom line, are worth investing in, or not? i am thinking of RCE capital, MBMR, BIMB or the likes. From your comments it looks like you would only consider high-growth stocks, but those can be found in a handful of sectors only.

Waiting for that 0.6! In march 31st.

After that we wait for February 30th next year 2020 for layhong to get to rm1.50!!

Sailang!

Until now no quarterly earnings report. Sure die. Bye bye.

Good luck arv18!

Does having Photoshop skills make you a better artist/painter?

since choivo didn't make a choice, I will assume it is his 32% stock choice RCE cap or he only knows how to talk big and act rude, but has no focus and quality behind his gumption.

Too bad.

Kids these days. Wasting time.

>>>>>

You know what, lets make a small bet for fun.

You come up with a 10 year list, and ill come up with mine, lets keep it close to our current portfolios.

Loser at the end of 10 years donates 20k to the charity of the other persons choice, or just pay cash.

===

Funnily enough both companies has a dead cat bounce in 2018 December. Yocb from 0.90 to 1.15.
BBBY from 10 to 15.

But earnings, margins and revenues all growing sloooooowly.

I could name the other 18 companies in asia, SEA and Malaysia that does similar business with similar INDUSTRY results, but I'd leave icon8888 to explain it.

He so smart, he knows what he is talking about I'm sure. I just simply talk out of my head without understanding the industry.

Online helps yocb not at all, if within 5 minutes ago of yocb competitors and prices are shown on in the same page immediately. And the selection goes on for pages and pages.

I don't know about you, but I believe pricing power can be achieved if the prospective buyer goes to a retail mall like harmony and find only 1 store like that in the entire shipping mall. They would be willing to pay higher prices, impulse buys and stuff.

Imagine if you opened a computer trading shop in imbi, where it is floor after floor after floor of computer parts. Probably more sales, but profits will get lower and lower and lower as everyone starts to get hungrier. I forget if imbi still exists though. I had great memories building my own 386 pc with VGA graphics and a 14.4kb internal modem.

This is exactly what is happening with online retail. Floor upon floor upon floor of retail space. If you think yocb will be able to differentiate itself among the sea of sellers, you'd be wrong. Pineapple used to be the big dog. Now look what happen.

And for icon who seems to think I know nothing about what I am criticizing, be aware that I read a lot of annual reports. I compared with yocb with many many other companies when I do my reading. The biggest of which if you don't know and doing similar business but in much bigger scale is BBBY, nasdaq(bed, bath and beyond). Note the year 2014 when internet retail and consumer e-commerce confidence exploded and their business gradually lost share as customers finally realized the thick margins it was sitting behind. They moved their business online to internet shops and cheap warehousing.

Note how yocb business was steadily growing from 2009 up till 2014, when the earnings and revenues ( further about share price for a minute) of the business started to stagnate and growth story became very much slower.

Very simple question: do you check prices online first before you go buying your products in retail shops? If you are one of the millennials who do ( my daughter taught me this trick), you would balk at paying high prices for retail shops, who have a valid excuse in paying high rental, physical workers and ex stock in site.

Nett asset value needs to be in lockstep with revenue growth and earnings growth to mean anything, otherwise taking it in vacuum is really pointless. Tan teng boo fails to realize this. He is still stuck in Benjamin Graham cigar butt land, trying out 1950's investing when these days annual reports and quarterly reports can be read and analysed the same day it is released, globally. Even Berkshire has to change, investing in IPOs now (STNE), buying airplane stocks( delta etc), and even going big into tech stocks ( aapl). Why is tantengboo not evolving his mindset?

This year Warren buffet has dropped book value as measure of Berkshire quality, because of the new accounting method, and how a lot of his companies with poor(er) net asset value are giving out increasing earnings and revenue growth compared to his high net asset value ( utilities) which are producing poor results.

If at 90 Warren and Charlie can change their mental models, I worry for tan teng boo who is still stuck in his old mindsets of nav as margin of safety. What is safety?

Safety is knowing your stock and where the business is going.

Oh my gosh! That is wonderful!

If you live in South East Asia it is the cheapest source. Or can you name me a Malaysian cotton farm that produces it?

Again I say yocb is not a bad business. Otherwise I will be saying it it. I am saying yocb is an average business, with average future prospects. Terminal growth is a concept many investors have yet to understand. They only see either up or down and share price.

Lazycat: I don't say Malaysia is pariah or not. I'm wondering where the raw materials come from? ( China is the biggest source for raw materials).
Unless you can give me a cotton plantation or farm and silk growing farm in Malaysia, I am saying they buy their raw materials from China and Vietnam. And sews and processes it locally. They are selling their designs and logistics and process control capability. Which is worth 10% margins.

I wouldn't know how many friends your have, or if any are married and moving into a new home.

But that is besides the point. What are the possible growth triggers/events in your opinion that would allow yocb to triple their revenue/earnings in the next 5 years. If you can't name one source (or multiples) that can add 200 million extra revenue and 20 million earnings other than population growth or inflation?

If you can't imagine one possible future with those kind of results, I suggest moving on.

>>>>
I don't have any friends who would rather buy bedsheets from the internet than going to the shop and feeling the product.

Ok lazycat, you are probably right. I wonder where yocb buys it's textiles from? Or they process their own silk and cotton into textiles based on your observation?

I was thinking that yocb uses China products which they form into their own end products. Maybe I am wrong then.

But where they get their products lazycat? Do you know?

Shopee has escrow according to my wife and daughter. If you buy there only if you are happy with the product will shoppee release money to the buyer.

The moment they decided to play the Lazada game you know yocb has already lost. Their products becomes a commodity that is lost in the sea of Lazada selection. The main selection for bedsheets is thread count. Can anyone compare quality online? No? They start with prices first. How does yocb compete if not on price then?

Lazycat, you are wrong the. The best textiles that I have ever bought come from China. Just depends if you know what you are looking at.

>>>>
long num.. china textiles is not that good in quality and not that cheap too , and also if u bought online from oversea seller , you can't return the products if you not satisfied with the quality while you can return if the purchases is in local

Come in icon, be serious here. If you want to buy a single digit pe share, would you rather buy Hong Leong industries or buy yocb.

I know you will agree with me, because you are smart and I am right.

Do YOU know what business future yocb has?

Choivo, I have a good friend who is one of the biggest textiles and fabric traders here in Sabah, vunfa. I have been with the son to China before when they do product sourcing. They go to Guangzhou fabric exhibition every year, meet the new players and connect with the old. Back then it was much more difficult to do sourcing as you needed to know fluent Chinese, have the luck to avoid the fraud companies, and deal with only the reliable ones.

These days the pillows and bedsheets that his local suppliers and hotels owners that buy from him become much less.

The hotel owners just go directly to Alibaba and deal with online manufacturers, protected by the Alibaba guarantee of quality. They sell at very low prices, even for small purchases.

30 years ago vunfa used to enjoy 50% margins on trading. These days he has to sell selling 10% margins, because that is what the market would accept as the cost of acceptable transaction.

He had closed 2 warehouses, and has concentrated his business out of city areas like KK and went into the smaller towns and rural areas, where buyers are still afraid to use the internet to buy stuff.

Ask around. You will find the same story repeated in many retail industries.

>>>>>>
I own a little.

Phillip, let me ask you. How does one go about buying a mattress, pillow, bolster, bedsheets etc in Malaysia, or even globally.

If you understand this, you will like it more. Im thinking of expanding it from the current 1% to 3%.

Only fools who are not in the industry think that the internet retail is not killing the average businesses in Malaysia. Everyone everywhere is being affected, especially when it is getting easier and easier to buy directly from China manufacturers and bypassing local retailers.

Parkson is dying.
Phone shops and accessories are suffering.
Shoe shops and retail are increasingly being bought online.
Lazada sold 100 million in one day, on 11/11. Do you think that is new sales or sales that come at the cost of average companies?

Still don't believe me? Go on Lazada and type bedsheets. What makes you think it won't be difficult for some enterprising fellow with connections to army and some capital, getting their specifications and entering tender with china products fulfilled and "designed" in Malaysia?

In the long run, the 64 billion dollar question is how retail companies can compete directly with manufacturers, as the internet increasingly makes it easier to deal direct with the source.

But go ahead.

Put a big networth into yocb stock. Hold it for 5 years.

Prove me wrong.
>>>>>>

you have to bear in mind that tabao , lazada etc has been in operation for long time already. they are not something new.

whatever negative impact they have, the Malaysian companies have been surviving and thriving.

The problem with icon is you think I am saying yocb is a bad business, same like your favorite success transformer and your PANTECH.
I did not say they are bad BUSINESSES. I say they are average companies. Investing in it will bring you no big success long term.

If you don't believe me, just answer me a few questions.

When was yocb founded? (1966).

What was it's growth soccer 2014 until 2019. Had it made any big headway into the market? What has its incremental growth been so slow? From 2009 to 2019, in ten YEARS it has only been about to double it's incremental growth.

Does that appear to be a wonderful business to invest in for you?

In 2014, Yong onn did 197 million with 20 million net profit
And now it is doing 204 million with 25 million net profit.

Contrast that to a company with a good moat like hong long industries
In 2014 it did 2 billion with 167 million net profit.
Last year it did 2.5 billion with 335 million net profit

In that time what has the share price range been?

Yongonn has been range bound at rm0.8-1.4.
HLIND has gone from rm 4.2 - 11.2 in that period.

Why? Think carefully.

How big is the prospective market that they are in?

What is the possibility of yongonn doing 1 billion in revenue and 12% net profit? ( Any wild ideas where this will be even possible in the next 10 years?)

What is the possibility of Hong leong industries doing 3-5 billion is revenue in the next 10 years? Highly possible.

If you want to buy average companies for average results be my guess.

Do you have to bring others down to make yourself look smart?

Its a basic fact, that's why Amazon is priced so high.

Why do you think all the shares I buy are in industries which cannot be disrupted easily by online business trading models?

Tabao doesn't sell fresh chicken, petrochemicals, and you won't want to buy medical gloves and condoms online.

But bedding products and bedsheets anyone with time and money can source out from China and sell it locally.

Just ask Parkson.

Or your wife. When they say it comes from China, really in the future no need to do business if can but direct from factory.

If you tell me yocb weaves it's own cotton and silk and design and produce it's own products which can compete with cons imports then obviously different story.


>>>>>


u put it like that everybody also die la, no need to do business

Can yocb compete with taobao and Lazada? If Chinese textiles and fabric start to come in and fight your market, do you think yocb can survive?

I assume if enough people like this article someone in i3ivestor department will finally fix that quarterly report attachment thing.

Time to post a picture of an egg.

Personally, I buy fresh from the local farmers market, from farmers and fishermen I have known for 20+ years. I knew their fathers and mothers, and the next generation knows what my wife likes to buy. I try not to be smart and argue with the home minister who does the cooking.

Whenever possible I try to avoid supermarkets ( the local market is available if you come really early to buy fresh produce). The price difference is not onerous, and I believe in growing the local economy.

For QL, almost all the local frozen seafood here is exported and sold overseas to Australia, Hong Kong and Japan. They pay much much more, as I find to my dismay during recent CNY celebrations.

But I still have my kantao! Why buy frozen when you can get jumping lobsters and singing prawns.