not "Why" in a insulting way,

but how would knowing the past help your investing acumen in the future "why"

I would have thought that the actions and logic behind the purchases and investments would have been more pertinent.

https://klse.i3investor.com/blogs/phillipinvesting/188844.jsp

Why?

Answer for
A) Prospects = will be profitable and growing for next 5 years. For every 1 dollar, it is generating a return of 15 cents. (ROE) is magnificent for petrochemical industry. it has done this since IPO until now.
B) it is in their financial annual report under market challenges and business risks.
C) Yes, and NO. PCHEM does fertilizers, aromatics and many more. LCTITAN only concentrates on olefin derivatives.
D) Because it has a net profit margin of 25%, versus LCTITAN which lost money last quarter (PBT) and has an average net profit margin of 12+%

recently I bought PCHEM around RM8.2 in january, if NYSE: I bought STNE, the company ipo'd by Berkshire Hathaway and Alibaba. Those are 10 year buy and hold stocks for me at least.

And I thought I was long winded...

Dear SSLee,

I refer to your successful bid to get dividend of 1 cent from INSAS. Many investors joined you in buying big chunks of INSAS at share price of rm1 and above. They subsequent lost more than 30% of their networth from 2017 and even until today share price is still at rm0.78. and yet you continuously promote and ask them to buy INSAS, when the retired no longer have ability to raise productive income and have a smaller retirement nest egg to rely on in 2019.

There are those who believe they would have earned much more by moving their investment into a fixed deposit money market with no risk of capital losses at 4.2%.

I wonder if you owe it to those retirees who bought INSAS in 2017 and 2018 to help them refund back their retirement nest savings after putting their faith in you.

Capital depreciation and a 2% dividend yield ( based on the price they followed you in at).

Those who listened to my "promotion" and bought it at 0.49 in January, will still be up 10% today. And looking rosier then ever.

No?

Totally understandable.
>>>>>
I think you owe those buying into PPHB after reading your article an obligation and duty to confront the BOD during AGM and demand the rightful share of profit (Dividend) and possible a Formal Dividend policy.

And then it reverts back to mean, going back from 0.50 cents to 0.7 cents, for a 20 cents gain. Pretty much a good buy I guess.

I just ordered another 2 sets of qps voltage stabilizers for factories to combat unstable voltage in tawau.

Congrats icon. 20 cents gain is impressive. Hopefully it can fully uptrend been to its original price of rm1 few years ago.

I wonder how many of choivo stocks returned 30% recently?

Strategic for ARMADA, hell on earth for YINSON.

I hope they not so stupid la.

Not that hard to be ARMADA anyway, if they ready want the assets they can buy it when armada foreclose and have to sell FPSO at firesale prices.

For ships, yes you can. The impairment calculation is based on the fair value which is generated from willing buyer and willing seller market value, and tempered with existing cash flows from charters and contracts to determine it's asset value.

Most ships at end of life is either sold for scrap metal, or totally retrofitted for new purpose (especially if we are taking about fpso) which could almost be like a new ship altogether.

Why wasting time looking at Armada? It is a dead duck sitting in a barrel waiting to be skinned and gutted.

The salient point is very simple, every year it is paying 520 million in interest payments alone.( I shudder at the short term liabilities within the next few years they have to pay on the secured term loans). If the operating income is below this (300 million this year), it doesn't matter what the impairment value is, they will burn through cash faster than you can even pay tax, dividends and other necessaries.

Kraken could have saved Armada. But it took so long to deploy, mismanagement in looking at the risks of that part of the ocean (which no one even wants to try), and the engineering involved. Now it is losing money, they fired the Armada CEO, and now hoping someone else can save them.

They can't. The debts alone will pull them under before impairments.

Good luck
>>>

Posted by RJ87 > Mar 2, 2019 12:59 AM | Report Abuse

But u can’t keep imparing for the rest of armada’s remaining life right?

Thanks for the info. Too bad I couldn't be there. Would love to tack on the rest of my follow up questions.

Good luck during the presentation. Hope you have a wonderful time!

Let's make it one stock. KLSE. Put it in your annual letter to your investors. I'll start one in i3.
10 years, reinvest all dividends into the stock. 100K. Use today share price.

I put in my newest investment, PCHEM. 9.27

Shiny and easy enough for you?

Choivo bla bla bla.

For a professed long term value investor you sure seem to have a lot of knowledge and know so much more than I do.

I won't ask for much, can you tell me 1 stock that you held for more than 1 year than had good performance? In terms of share price increase, revenue growth and earnings growth over 4 quarters?

See? I didn't even ask if you held any good performance stock over 5 years or 10 years?

Long term value investors let their results do the talking.

YINSON will never take over Armada. Too much mess to clear. They are too smart for that. So I don't have to worry.

Anyway my answer is easy.

Choivo, why don't you make it public.
Go set it up on longbets.org

Use my these exact 5 stocks.

PCHEM
TOPGLOV
QL
STNE
YINSON

Assume 100K divided into the stocks fairly distributed
Reinvest all dividends into the same stocks, and monitor over a period of 5 years and 10 years (just so you don't forget)
At the end of which we add the total sum value of reinvestment and profit gained.

You can put whatever amount you want as a bet, I won't bother to collect from you.

I am probably the only investor on i3 who buys my stocks with a mental model of what will happen 10 years from now to the industry anyway.

Outliar talking like he knows what to invest in I see.

Choi yi kit likes to use big words and rude phrases like this is how you die to make himself look smart. But when he starts talking you know immediately it's like a young IB who is book smart but knows little about real world trying to make everything fit into his understanding and when everything falls apart he doesn't know why.

Short term,
I was right about PCHEM in a big way. I was right about STNE, in a big way.
Mid term,
I was right about yinson. I was right about public bank.
Long term,
I was right about QL. I was right about TOPGLOV.

I bought my shares at a good price, and things are going well. I don't need to be emotional to tell you that you are wrong, and I am still right about QL. And the year is still young. Try comparing results year to year. 19.5% growth year on year. If you bought at 6.25 December like I told you to, you would be smiling ear to ear.

I don't have a wounded ego.

Sounds like you do.

Maybe you should think about what you say before telling everyone this is how you die without any results to show for it.

Good luck kid. Hope your next "investor" report works out well.

Sure. Whatever you say.

I think we have established you know nothing about QL business except past figures and not future potential.

As to your suddenly 10% exposure to STNE ( I assume you bought that, because if you bought 7143 Bursa stone you are fucked). I'll give you the benefit of the doubt.

Good luck.

This is how you die long term. Diversification is a protection against ignorance. I'll keep track of this list and see how well you do in 2 years.
30% in rce, 20% in petron, 15% timecom, 8% airasia, 10% in stone, another 17% in the remaining 18 co's or so.

I don't punt.

I don't buy or sell like a overstimulated cactus.

I invest like watching paint dry.

Only you would think of catching things, buying low selling high can make money.

Funny. You seem to forget that I buy and hold wonderful stocks for a very very long time.

As long as the overall story doesn't change.

FYI choivo,

I put 200k shares of STNE (NYSE) done at usd19. Guess where the price is now? 22% of my focused portfolio, including margin.

That is 2000 lots. At usd19. I put Q to my R.

You bought a "little". Sad to be right when you have no exposure long term.

Maybe you should try focused investing one day, instead of holding 30-50 stocks and knowing next to nothing about them.

Thinking about it again, it's actually scary to think how good you can be if you stick within your circle of competence and stick to buying and monitoring one wonderful stock for 10 years.

I predicted 1 billion of revenue, 75 million net profit this quarter. How many IB analysts can be that good?

Sadly though, my next prediction will be not so good for QL. It will still be profitable, it will still grow. But the fourth quarter will be slightly less profitable than December quarter. Target is 240 million of earnings to close out 2018 financial year. Which will be more than 2018 profit of 206 million.

Believe me?

I will never predict share price ( only idiots do). I predict earnings and business advantages.I predict if the business model will fall or succeed 10 years from now. I can predict upcoming challenges for the company, and what will happen depending on what the do to meet the challenge.

My long term prediction, QL will keep growing for the next 10 years.

Slow and steady.

>>>>>>
OK CALVIN! I WILL FOLLOW YOU SELL!! NOW CAN YOU STOP IT WITH THE CAPSLOCKS? YOU SOUND LIKE A OVERACTIVE CHILD!

emotional people should really stop investing in stock market. they get too worried and stressed out over short term ups and downs in the stock market.

At the very least, you should wait until the dec quarter report when guidance is out before you decide to buy or sell.

For me I am holding on to my stock. From my 9 years of experience holding QL stock, december quarter is usually the best in terms of either volume revenue growth or net profit growth for QL.

Why? Because for december quarter usually, sales for christmas and chinese new year is very good for seafood, eggs and chickens, and palm oil derivatives. If you dont believe me, you can check the figures yourself. Now add that to their new expansion from the hutan melintang frozen and chilled factory factory running at max capacity,the shrimp and seafood export to australia for christmas, the china and us trade war. QL will have a big export market to supply in the short term. The longer the china and us trade war, the better for the other asean countries.

So far I have not heard any low seafood catch supply drop, no bird flu, culled chickens and slowing demand for eggs and chickens, palm oil price still holding steady at 2.1k and going up. in fact, the recent culling of poultry among the leading suppliers of poultry seems to be indicative for a good quarter coming up for QL.

Although I hope that story doesn't change, so far I am confident. But of course will still find out during the next quarter result announcement.

So even if you are doing technical trading, I am still looking at:

1 billion revenue, 75 million net profit (average for dec quarter sales 7.5% consistently over 9 years), which will be their highest profit margin ever.

So if that is the case, I don't see any reason why I would sell like a overstimulated cactus.

Unless you think, hartalega, topglove and ql sell the same thing? hartalega should have a pe reset, they are overpriced due to specializing only in nitrile gloves (with china stabilizing their gloves production) and if you didnt notice the delivery times dropping from (from 70 days to 30+ days) indicating that the demand for rubber gloves in returning back to normal levels, then you have another thing going in stock evaluation.

This is what I told you would happen in January,I already expected QL to do well. Any nasty surprises? None?

Why? This is a clockwork business. You know exactly what they are doing where they are going.

>>>>>

Although I hope that story doesn't change, so far I am confident. But of course will still find out during the next quarter result announcement.

So even if you are doing technical trading, I am still looking at:

1 billion revenue, 75 million net profit (average for dec quarter sales 7.5% consistently over 9 years), which will be their highest profit margin ever.

So if that is the case, I don't see any reason why I would sell like a overstimulated cactus.

FYI I knew exactly that QL would have all time revenue and all time earnings this year, in the previous quarterly report QL management had already hinted that.

Did you know exactly if petronm would lose money this quarter? No you didn't. Otherwise you would have immediately sold all your shares when it was at 7.50. and bought back when it drops to rm6.20. later this month.

But no one has a crystal ball, except Calvin tan. Did you know that petronm would have crashed from 13.54 in 2017? did you know your hengyuan would crash as well in 2017? Luckily you didn't for then, only lost some money but high chase high.

No one knows what the share price will go in the short term.

But in the long term everyone knows what happens to companies that continue to increase it's revenues and earnings over a long period of time.

UP.

No Jon,

How you die is overestimating the value of PETRONM by chasing the price up from 6.7 to 7.5 by thinking that PETRONM will do well over time. It cannot do well, it will never do well over time. The thin profit margins from the crack spread of crude oil margins coupled with statutory plant shutdown periods are an uncontrollable part of long term hit on earnings.

What we have in QL is all time high revenue, all time high earnings and 20 years of profitable growth. Understandably, as the investing crowd had put a pe50 mark on QL they are expecting QL to perform further before putting more trust into them. It gives me more time to collect more. Better yet.

I have had no reason to doubt the possibility of it's growth long term. QL has yet to disappoint me (unlike rcecap in 2013-2014, or petronm 2013-2014 and recently.)

I know what the growth triggers are for QL, and they are hitting on all cylinders looking at this quarter results. I'm 5 years family Mart will have 200 stores. Vietnam expansion will be fully ongoing with the same business integration. Indonesia expansion will be fully ongoing. The market is wide, the growth potential is clear as day.

It is the clearest easiest business to understand in my portfolio. All I need to know is to buy when I have my dividends and more money, and monitor the company performance carefully. The earnings, share price and revenue will catch up sooner or later to my expectations. If every year I can add 20 million+ in earnings on average, in 10 years I would be looking at 400 + million in earnings. That is compounded retained earnings.

I only need to worry about how the company is doing and growing. If the share price drops, even better for me. I can buy more at cheaper price.

Start with the business first, it's revenue growth and it's earnings growth. Dividends and share buybacks will come, or bigger business diversification opportunities will arrive.

It usually does for wonderful companies.

Don't sweat the share price.

The share price will take care of itself in the long run.

Do if march results bad will you give another excuse?

So much for CharlesT bak kut teh and spa session...

SSELL,
Stop dancing around the rosebushes. Since you are such a master at numbers, just answer me these:

How much is numoni generating and earning? How much they bought it for?
How much is sengenics revenue and earnings? How much they bought it for?
What is management reasoning in buying dgsb with money generated from selling INARI shares? Dgsb just had bad quarter this year, should INSAS invest more into dgsb and be associate? What is the return of employed capital in buying DGSB?
What is management reasoning in selling INARI shares with it's consistent dividend every quarter? What purpose is there in killing their golden goose? What are they buying with that capital? is it a positive or negative return?

>>>>>

Dear Philip,
You read but you fail to see and quick to pass your prejudiced judgement.
Media Lang Limited: 100% effective equity: Investment in securities. Country of incorporation: Hong Kong
Insas Technology Berhad: 100% effective equity. Investment holding and provision of management services, provision of information technology and consultancy services and trading of electronic and telecommunications related products and other trading business. Country of incorporation: Malaysia
Net financial assets/ (liabilities) HK dollar equivalent to RM 51,351,000

Thank you

Dear 3iii,
Thank for your honest input” My honest input sslee?
Are you sure you want to be doing investment talks and teaching investors how to buy INSAS?

I am not teaching investors/attendees how to buy INSAS. I am sharing my knowledge on what is FA, TA, Business sense and intrinsic value and how to read Annual report. I am taking my responsibility seriously and using INSAS Annual report as teaching material because so many people include you do not understand what subsidiary companies and associated companies are? How revenue accounted from? What are other incomes? What are other operation expenses? What is a financial asset at fair value through profit or loss? What gain/loss on fair value changes of financial assets at fair value through profit or loss is? What do 19.3% holding on INARI mean? And finally why INSAS invest in subsidiary companies doing biotech, Fintech, IT services. Example DGSB( ISS Consulting, Digital Media , IT Technical & Maintenance, IT Managed Services ,Telco Infrastructure – where it provides a comprehensive suite of communications network solutions and related services and has formed long-term strategic partnerships with leading technology providers such as Ciena, Cisco, Huawei, Juniper and Extreme Networks to provide a rich portfolio of solutions to the end customers.

So as I said before, “I hope to do justice to INSAS by presenting INSAS in a way that is fair, accurate and shows its true qualities and value to the attendees” Is it my hope that all will invest in whatever share they want base on informed decision. I rest my case

Sorry avangers, my fault.

It is my opinion that QL will continue to do well in the coming quarters and coming years and fulfill my belief that QL is a wonderful company.

I find that I have to correct btw investors who don't know how to value a wonderful business but still insist to tell me to sell my QL shares to buy INSAS.

I am staying put. I am seeking to buy more shares of QL at an opportunity that presents itself when I receive my ever growing share dividends.

Hopefully I get to pay a fair price for a wonderful company.

I am more impressed with this. Companies should never do buyback for fun. The should buy back shares when it is trading below intrinsic value. This is how you build long term wealth for your shareholders.

Stock [YINSON]: YINSON HOLDINGS BHD
Announcement Date 28-Feb-2019
Date 14-Feb-2019 to 14-Feb-2019
Number of Shares 15,600
Currency Malaysian Ringgit (MYR)
Price (per shares) 4.070 - 4.080
Total Amount 64,067.47
Total Treasury Shares 11,991,300
Lodged Date 28-Feb-2019
Lodged By Tricor Corporate Services Sdn. Bhd.
Exchange Bursa Malaysia Securities Berhad

And YINSON wins 3.6 billion contract. Armada oh how low your fpso had fallen.

52 cents now, PANTECH. Tick tock.

Buy more Calvin? Consolidate? All in?

I have never showed off. In fact I still work and do mlm and part time project management with my trusty Nissan teana.

But the problem is if I don't "show off", no one will take your investment philosophy seriously or your results with clarity.

Just as I do not take you seriously Calvin tan.

Your investment philosophy is just too amateurish to work efficiently long term.

Notice how Calvin always prefaces with his words "sifu" as if only he has direct access to him. It's the same strategy the pastor's and church leaders do by acting as if I am holier than thou because I stand in the stage, therefore I am nearer to Jesus than you.

That's the tactic they use to get more donation and subscription money for you and justify their living expenses saying they do God's work. As if we don't do anything in Jesus name.

Then they start living in big houses and sending their wives for hollywood singing careers.

SSLEE,

Don't mistake dividends and earnings.

Dividends should only be given if the company cannot grow their earnings better with reinvested capital. Aka, too much money, cannot reinvest, give back to shareholders.

Earnings is a measure of what the company is doing by deploying the equity efficiently.

You look at QL small dividend and you see bad company.

If small dividend is bad company, then Berkshire Hathaway must be a crook!

Note how I never said INARI was a bad company. I said INSAS is a lousy one. Just because insas share 19.3%(and dropping) exposure to INARI and they sounds kinda similar, it does not make INARI= INSAS.

So funny, you didn't notice he is acting on his own behalf, he make INSAS sell good company inari into profit himself directly?

Market price of 1.47, sell directly to him for 1.43.

Transferring dividends and future of good inari from INSAS to others.
Why at 1.235 did they not make INSAS but more shares in INARI instead? They would have made 30 cents profit?

Why director personally buy? Not INSAS?

I pity the company where the management is not acting in shareholder best interests.

>>>>>

Director's Particular:
Name DATO' SRI THONG KOK KHEE
Details of Changes:
Currency -
Date of Change Type Number of Shares Price
26-Dec-2018 Disposed 10,000,000 1.430
Registered Name Insas Technology Berhad
Nature of Interest Indirect Interest
Consideration RM1.43 per share
26-Dec-2018 Acquired 10,000,000 1.430
Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Nature of Interest Indirect Interest
Consideration RM1.43 per share

If anyone is attending, just for fun help me goreng slee having on his INSAS by asking him these questions:


How much is numoni generating and earning? How much they bought it for?
How much is sengenics revenue and earnings? How much they bought it for?
What is management reasoning in buying dgsb with money generated from selling INARI shares? Dgsb just had bad quarter this year, should INSAS invest more into dgsb and be associate?
What is management reasoning in selling INARI shares with it's consistent dividend every quarter? What purpose is there in killing their golden goose? What are they buying with that capital?

Thank you.

P.s if can be more blunt, ask them wtf happened with that Mongolian vigcash thing? Who invested in that Mongolian?


Thanks.
I heard he is having lunch with INSAS CEO at the gardens later today. Hope for some concrete answers. I can deploy 10% of INSAS market cap to invest long term if the answers are satisfactory.

Btw SSLEE,

I won't be going. I have better things to do in life like bringing my wife to eat seafood breakfast konloumee in simsim Sandakan ( highly recommended, but you need to be there by 5, at 8am all sold out closed shop)

But if you can help me answer a few questions.

How much is numoni generating and earning?
How much is sengenics revenue and earnings?
What is management reasoning in buying dgsb with money generated from selling INARI shares?
What is management reasoning in selling INARI shares with it's consistent dividend every quarter? What purpose is there in killing their golden goose? What are they buying with that capital?

Thank you.

P.s if can be more blunt, as them wtf happened with that Mongolian vigcash thing? Who invested in that Mongolian?

Inflation? Ql is 19.5% growth year on year.

Other people want to sell you their share of the shoplot for 50pe, up to them. I ask them, sell my subang inti Starbucks rented shoplot and buy what?

That nasi goreng shop next door selling for 1.6 millions? No thanks INSAS.

Got future meh?

I don't buy properties, I have to pay tax on rental income.

I stick to stocks. Almost the same thing if you think about it.

No tax.

Btw, I'm just giving example the Starbucks lot doesn't actually belong to me. Just an example.

Not if your tenant is MacDonald's or Starbucks. Directly opposite INTI college. Opening 24/7.

Which again brings me back to my point,

Average companies for wonderful prices.
Or wonderful companies for fair prices.

Your choice.

If you looking for cheap deals, go buy INSAS.

Location not so good la, in jinjang.
Shoplot valued around 1.6 million, rental 92 million a year.
But the tenants sometimes borrow money from you. ( warrants, rights issue).
And I heard they selling off their daughter inari to an arranged marriage somewhere. To bad every year she helps warm for the family 40k to pay off the rental. Once she is gone no more money to pay for the rental. So have to start selling parts of the shop I guess.

You have crystal ball? If don't have, look at QL track record since 2000, until today. Has it ever not grown? Has it ever lost money? If you put in the growth rates, in 10 years from now, how much will the eps be? Has it ever given you any doubt in it's earnings growth?

Nosh. Eps net assets
1,623,161 10.69. 1,915,330. (* Ytd. With one more quarter left to go)
1,622,438 12.71. 1,800,906
1,247,904 15.70. 1,747,066
1,247,660 15.39. 1,597,005
1,247,838 15.34. 1,422,536

2010
391,463 27.1 501,536



You have family Mart growth. Vietnam and Indonesia growth. Marine international growth especially ramp up for Japan Olympics in 2020.

If layhong don't perform I can understand. QL already performing for you every year. Why not stick for the ride?

If you bought ql in 2010, your purchase price will get you asset+ business+ license+ workers.

you bought a shoplot valued 450k that gave you 100 k every year. And the best workers in the market included for free.
2017, your shop lot is now valued 1.8 million and it gives you higher rental of 200k every year. Worth it?
In 2018, your shop lot valued at 1.9 million, and rental expected this year of 240k this year.

When you buy QL for 50pe, you not only buy the earnings every year. You buy the assets, the management, the future growth. The good will. The monopolistic nature.

If I told you that you would be paying top dollar for a growing Malaysian Nestle, you would laugh. But it would also be true.

Expensive yes. But will people let it go for less?

I wouldnt let go my shoplot in subang ss15 in front of INTI if you paid me 8 million for it. But 50 million of course la....

>>>>>>
Even EPS grow 10%(2019 but 2020,2021 still possible?) is PE 50 justified?

FYI, SSLEE don't think take this as me trying to promote ql to you. I could give a flying fox damn if you Bought QL at these prices or not. I'm not asking you to buy QL, ( it would be far better for me if traders start away from QL for as long as possible). I'm trying to change your mode of thinking in buying the stock market.

I have bought and never sold ql since 2009, because if all the salient points above. The last purchase I made was December 2018 @6.25 for 50k shares.

You keep trying to compare QL to INSAS as if there is some comparison. There is none.

Nearly same net assets deployed. 1.9 billion versus 1.6 billion.
This quarter, QL is 978 million with 75 million earnings.
This quarter, INSAS is 56 million with 8 million earnings.

Question is, what can you do with INSAS? Can you forced him to sell those unused assets? INSAS is still holding unto unutilized funds from it's rights issue generated in 2015, even until today. It pumps the capital raised into Pacific rental ( still losing money today), fashion ( barely making end meet), sengenics ( zero earnings or revenue generation), numoni( money burned and wasted), dgsb( 30% stake in a loss making company with limited prospects). Insolent in hohup ( small sized developer with horrible assets).

But you still practise 1st level thinking that they have 1.6 billion so things just be good. Here is some news based on long experience. You will never sniff that 1.6 billion. It will never be given to you. Sooner or later management will cut dividends if prospects don't improve. Each quarter they cut their golden goose inari up for parts until one day no more golden eggs can be found.

And then what will you have? More weird investments into businesses that are not succeeding or earning money. Not buckets into the ocean looking for the next INARI.

Good luck. SSLEE, don't go on margin. Please. As a fellow UM graduate, if things become difficult, I won't be borrowing you money, but I will give you lifelong good advice.

There is no winning you. All you see is still share price, share price, share price. Why are you still stuck with level 1 thinking? Can't you think about the business itself first and let the share price take care of itself? Do you suddenly sell your subang shop lot in front of Tailors that you are renting for 15k month just because suddenly someone offer you 5 million for it?(when you bought it for 1 million?) When you know if you can hold it for 20 more years it will be worth much more?

The secret to business has always been about earnings and revenue, the growth of which is the Fundamental of share price increase. If the revenue and earnings has shown that it can grow with COMPOUNDED RETAINED EARNINGS consistently with bigger and bigger value without losses or reduction in yearly revenue, and if it doing so in a efficient manner, you should take a deep look into the company.

These are the BASIC salient points if QL ( the things that matter)

1. QL is growing efficiently in the biggest market in the world (consumer food production) that has
A) a HUGE market size( compare semiconductor manufacturing market to palm oil market, poultry and egg market, marine production market. Which do you think is the bigger pie?)
B) cutthroat margins and requirements to be integrated vertically to be successful ( anyone can make hot chocolate, not everyone can be Nestle)
C) HUGE CAPEX requirements where size and volume efficiency trumps all. Aka 1 hectare with own palm oil refinery is stupid. 15,000 hectare with own palm oil refinery is a minimum to be successful. How many planters can do that?

2.QL has grown for 20 YEARS WITHOUT LOSSES. It has become VERTICALLY INTEGRATED, making huge money when companies that started far far earlier like LAYHONG and cck are still stuck in penny stock size.

3.QL has show a TALENT FOR DIVERSIFYING. Not like INSAS which diversify into loss making companies, businesses that they have no competence or skill in managing ( biotech, fintech, car rental, fashion), but DIVERSIFYING INTO STRONG, GROWING POWERFUL BUSINESSES like family Mart, layered farming, Marine processing, of palm oil activities. All businesses within their SCOPE OF COMPETENCE. And competent they have been. They started as a company selling feedstocks, collecting and trading fishmeal. And turned it into a 11 billion dollar industry. While LAYHONG is such as a few hundred million dollar company in years of mismanagement.

4. QL has never given you any doubt that it can continue to perform. It has given you ALL TIME HIGH REVENUE AND NETT PROFIT. It did 215 million last year and will probably do 250 million earnings this year. This matters. Consistent ROE for 20 years running MEANS something.

5.Ask yourself, any company that can keep growing COMPOUNDED EARNINGS is a wonderful company. Nta wise, INSAS I think has 1.6 billion in net assets (which spent frivolously won't be there any longer). In 2017, it used that 1.6 billion in net assets to produce 350 million in revenue, 90 million in earnings.
Ql in 2017, used 1.8 billion in net assets to produce 3 billion in revenue and 200 million in earnings.

What happens in this financial year? Do you think INSAS will overperform and do better with it's retained earnings? I know what QL is doing. It is doing the best it can for it's shareholders (70% being his own self) by managing everything as efficiently as possible and with lowest risk.

I stick along for the ride. I've been investing in QL since 2009 with all my assets. It has been a Carly rewarding ride.

You have been investing in INSAS since 2016. Has it been financially rewarding?

I think if you are emotionally invested in INSAS b because you have lost a lot buying it at rm1. And now that it is at rm0.8, you are happy, but still overall losing some money or break even.

But take a deep breath, stand back and be unemotional. Don't fall in love with your stock. Fall in love with the performance of your stock. If the stock is not performing, fall out of love and start reading

I find your disinterest in reading about investing and business disconcerting. Perhaps you should invest in index funds instead?


>>>>>
QL market price on 28th FEB 2019: RM6.90, an increase of 40% is this not running ahead of Fundamental?

Nigeria is very different from other parts of Africa. FYI, the John agyeum is already deployed in Africa as well. Already money earning.

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qqq3 > Feb 28, 2019 08:03 PM | Report Abuse X

better go check whether Nigeria will take them to holland...........don't ask them........check yourself. what if there is revolution In Nigeria? capital controls? Default?

My honest input sslee?

Are you sure you want to be doing investment talks and teaching investors how to buy INSAS?

It would be like blind teaching the blind.

I think you will be better off just sharing to others my free articles, it would be more useful for future investors.

QL results this quarter:

Palm oil business 12.28% profit. How many palm oil business hit that this quarter? Don't compare with United plantations la(27.9%). Ioi plantations, 10.4%. Hap Seng plantations? 6.3%. fgv -7.36%

And you say it will be negative......

You follow Calvin tan too much I say.

Segment information in respect of the Group's business segments for the 3rd quarter ended 31.12.2018
RM'000 RM'000
Sales PBT
Marine products manufacturing 51,787 279,394
Palm Oil Activities 8,668 70,450
Integrated Livestock Farming 32,510 629,014
Total 92,965

Highest quarterly revenue of ALL TIME.
Highest quarterly profit of ALL TIME.

>>>>>>

P/S: Predicting QL quarter result:
Segment information in respect of the Group's business segments for the 2nd quarter ended 30.9.2018.
Marine products manufacturing: Sales RM 266,756,000. PBT RM 39,098,000
Palm Oil Activities: Sales RM 82,453,000. PBT RM (1,631,000)
Integrated Livestock Farming: Sales RM 571,046,000. PBT RM 29,532,000

Most likely Palm Oil activities more losses as of other segment need Philip input.

Stoneco is a Brazilian company btw...

Investing is really not easy though. But It's not hard. Thing is, it takes so much effort, it's only worth it if you enjoy reading and thinking.

To buy PCHEM, I had to read Japanese chemical stock, German chemical stock, Thailand chemical stock. US chemical stock Read LCTITAN. Read chemical feedstocks trade journals. Read crude oil trend. Read PCHEM customers annual reports. Read their competitors annual reports. Read on Saudi aramco production and oil finding costs. Dig up petronas oil finding costs.

And while doing that build a few mental models of how overall things work in chemical industries, what is pchem competitive advantage, how it will grow in the future. What are it's challenges, how much it can produce. When will it reach terminal growth rate?

Then I read into Pangerang PIC, how much is overall production after completion. What is mpta. What feedstocks can be generated in PIC, what is isononanol.

After all that, then I look at the stock price, p/e, book value, growth rates, directors, shareholders, ESOS?, Warrants, share dilution etc etc.

Then I buy 1 stock.

It constantly amazes me how someone can have 30-50 stocks. I barely have enough time to follow up on my 5 stocks....

Maybe once I early retire next year I'll go into full time investing. Hire staff to help me collect data... Very very tiring work.

I totally did not know that. I knew they already shortlisted to top 3 with modec Japan and the other French company, but I guess Malaysians can work for cheap. Lowest cost producer in fpso market by a mile.

Now for the big one in Brazil. Fingers crossed. Also shortlisted down to 2 companies, modec Japan and YINSON. That is the biggest deal ever. If yinson gets that one, we will be the 3rd biggest fpso company in the world!

I say we because I own 500k shares in YINSON. I'm an owner!


>>>>>>
Amazing Philip, Yinson bags another contract in some africa country. Thanks
28/02/2019 19:39

No need to pay, I will share all my articles on the internet. I only have 5 stocks in my portfolio. And I rarely buy new ones.

My only hope is that local investors turn bursa not into a casino, but into it's original purpose. A sharing platform for investors to profit together in the growth of well managed, growing and successful companies through the years.