*stock.

Heavenly punter: you forgot my biggest pick of 2019.
January 4 2019.

I bought with my partners Liu sin and brother in law, 200k shares in NYSE:STNE at usd19. It's the duck that Berkshire Hathaway and Alibaba ipo together.

You should check it out. The returns so far have beat all my stocks combined.

https://klse.i3investor.com/m/blog/philip2/191042.jsp

POA's current quarter sales decreased 32% against corresponding quarter mainly due to lower CPO price (RM1,916 current qtr vs RM2,592 corresponding qtr).
and higher unsold stock.lthough CPO price dropped 26%, POA's current quarter earnings however only decreased 7% against corresponding quarter due to higher FFB produced
and better CPO milling margins.

Guess what, efficient business and integrated business practise wins out.

Imagine if CPO price is low they still making money due to efficient business practise ( with their own Mills).

Now imagine if the price of CPO goes up to 2,592 again. Or up to 3,125. Or all time high 4,300.

Then you add efficient milling work and margins and growing poa in kalimantan expansion.

Any questions?

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.

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

>>>>>>

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.

All time high revenue, all time high net profits. But what do I know about investing?

Any questions Calvin tan and sslee and icon8888?

Damn. Didn't hit my thesis of 1 billion in revenue in one quarter. Sorry guys, I failed you. QL going to the dogs tomorrow...

haha i luckier than you, i bought PCHEM, YINSON and QL.

Hi jona0724,

I replied here before in air Asia group berhad.

https://klse.i3investor.com/blogs/Buffettology/193719.jsp

Note that my salient points were brought up BEFORE the latest quarterly reports of AAX and AA.

Note the 1st level thinking if the blog who only saw numbers and figures,

And my replies using 2nd level thinking on business sense.

Somehow I always get into weird discussions with icon passive aggressive remarks.

I get the feeling the icon is not as old as he says he is, and probably not as wise.

He replies like a 30+ year old kid sometimes.

What makes you think I don't have a 5 year old television? I do subscribe to 5 papers a day including financial times and Bloomberg and Malaysiakini(online) I do sell the papers for recycling. No need to be shabby, read and let go.

Are you awed yet?

>>>>>

One of them lives in a shabby apartment stuffed with old newspapers and magazines

and a 5 years old television

This kind of people awes me

Glass half indeed. Glad you learned something today.

Kyy investing pattern and mine are totally different. I tend to stay away from kyy because he ALWAYS buys penny stocks where he can cause havoc. Because major shareholder of a penny stock company dai sai?

I look at the business and management foremost. And I have followed them for a long long time.

I have the proud record of looking at 100 stocks to pick just 1 to add to my portfolio.i have read every annual report in bursa, monitoring more than 600 hundred companies in my updated list with potential. I have added 5. Out of those I add, I have a proud record so far in 10 years of never getting a margin call or cut loss.

I'm happier for the fact that I never needed to cut loss than anything else.

It gives my compounding gains a big long term advantage

I am more like a sponge. I have been in the market so many years, I can see what can work and what can't work. Those that can't work long term, study it read it but don't absorb it.

The secret to stocks is to not lose money in the long run. Compounding will do the rest. How not to lose money? Don't try so hard and do complicated investments. Hoping to do magic and get outsized returns. Small consistent returns with big sums over a long term can do magic.

Why buy unstable small penny stocks like CARIMIN, AZRB, PANTECH, or Upgrading and repairing plants like HENGYUAN and LCTITAN when simple, guaranteed profit earners with wonderful management, balance sheet and fantastic consistent moats like PCHEM just next door?

You can earn just as much money buying simple consistent businesses that won't lose you money. Can earn big money by jumping off the side of the pool, why need to do 3.5 difficulty degree flip into triple somersault,

In investing you just need to be consistent. Why need to be fantastic?

Well, I'm looking at long term growth of a stock or it's ability to beat the competition. Just keep monitoring and revisit PANTECH and DAYANG 1 year and 2 years from now. You will find that I'm right, for exactly the reasons I pointed out.

If you think CARIMIN can go to rm2, and with 5 cent earnings for 4 quarters ( I was right about kyy not having a crystal ball. He sold that stock at 80). I knew that topside maintenance was not going to be like clockwork. I called that bullshit.

Same thing with DAYANG and PANTECH. If you think Pantech will suddenly go above its 2017 of rm0.7, and it's 2014 high of rm1? I doubt you will find those kind of performance.

DAYANG? 2017 price was rm1. 2014 price was rm4. You think it will suddenly overperform in 2019 or even 2020?

Those stocks are just reverting to it's mean. If DAYANG can average 100 million net profit for the next 3 or 4 quarters consistently I'm a turtles egg.

I've actually done work on a platform before. Not topside maintenance, but PLC, scada and pumping sequence.

I know for a fact those big maintenance and refurbish projects come like over every 4 or 5 years.

You are right, I don't buy those things like talam, SASBADI, perisai, protasco and karambunai which Calvin loves so much. I put that in my too hard pile. I prefer going for rambutans I can pick with my hand, not the ones which I have to climb up the big tree.

P.S. I don't think Calvin knows how to pick those stocks either. If you put money in all those stocks Calvin promoted to buy last year, you probably won't have any more money to buy the new stocks that Calvin is promoting to buy this year.


>>>>>>>
Correct loh
Don't listen to Philip
He does not know how to buy

Cyclical
Turnaround
Or asset play stocks

Naim was 50 sen and Philip missed

Philip will miss pantech, Azrb and penergy

So much for Calvin tan Holland drive promotion.
Up the hill then down the hill again...

How to keep track of so many bad stocks?
>>>>>>

03/01/2019 19:03

calvintaneng Some thoughts on Giant Treasure at current level

WHEN Jtiasa was Rm2. 60 Calvin told Uncle Koon to sell.
Now at 50 sen is 80% discount

AND favorable factors:

1. India cut tax helps cpo competes against soy and other seed oils

2. China cut tax for palm feeds for its pigs

3. Indo and Msia increase biofuel usage give support

4. Cpo stocks expect to deplete soon

5. More cpo export to China as New Year approaching

For plywood

Tokyo Olympic needs plywood

Jtiasa landbanks

Pan Borneo will unlock the value of lands in Sarawak. In Pulau Bruit freehold land is valued at only few cents psf. Sarawak is getting oil royalties for development

All are positive long term booster for jtiasa fundamental
03/01/2019 21:39

ICAP is a good fund? I thought it is a horrible closed ended fund controlled by ttb who gets paid money every year to do nothing. The shareholders the are starting a revolution to remove chairman.

We treat INSAS as a horrible company also?

Book value alone is silly as a judge of a company. It is merely a historic number of what the company has done before, and does nothing to reflect is earning power today or the companies future prospects.

Just because your father rich doesn't exactly guarantee you will do well in the future.

FYI, Warren dropped his book value calculation in his latest annual letter. He realized it is a poor value for intrinsic value in today's world, as many companies with low book value in Berkshire holdings are performing far better (earnings and revenue growth) than his other businesses which is very big on net assets but very little in the way of earnings ( which is very important when you value INSAS).

Net asset per share in vacuum as a measurement tool is silly.
1MDB bought a lot power plant assets from Ananda and ytl.

Big beautiful looking assets.

The IPP contracts don't make much sense though.

I mean think about it, in 2017, using a net asset of more than 1.65 billion dollars, insas managed to earn a mighty 97 million ringgit!. That's like 5+% return on your equity. And I haven't factored in for dilution from ESOS, preferred shares and warrants. Which lowers your return on equity even more...

My son's piggy bank could do better in EPF. And it is always par value rm1 per share.

https://www.thesundaily.my/archive/1216499-GRARCH279633

For me this part unnatural.


2013. 2014. 2015. 2016. 2017
Profit Before Tax (RM’000). 24,807 50,023 55,730 60,920 86,502
Profit After Tax (RM’000) 24,063 49,109 44,322 64,849. 83,019

No need to pay income tax? If so, is a great business strategy, buy sadly unsustainable.

Hmmm, results not flat leh. They did extra 10 million revenue this quarter. But their profit margin is consistent. I think not bad la.

But I don't understand the industry well enough to know if vitrox profit margins and growth is because they really have something special going on, or if their performance is due to artificial support from government tax free pioneer status. (Ends in a few years anyway)

I suspect ( not sure) if someone goes to them during the AGM and ask a direct question, if they lose the Pioneer status today, will they be competitive tomorrow, you may have an interesting answer.

I take the example of mikro MSc, a Sabah company and good friend of mine.

They were also enjoying 20+% profit margins on a very good niche product ( only protection relay and power meter manufacturer, designer and supplier in Malaysia), which they exported to Vietnam and Africa.

They enjoyed it until end of 2017, when their profit margins suddenly became very much affected due to Pioneer status lost, 24% income tax being introduced (from0%), benefits from duty import and levies all gone.

You can see what the net effect was on the stock and earnings.

Now I don't know if the same thing will happen to VITROX, as I'm not smart enough to judge how big the market is, how capable VITROX is at competing with international market, or even what their basic competitive advantage is, ( Location? Quality? Price? Reputation? R&D?) What is so special about VITROX anyway versus the Korean competitor? What's the extra secret sauce?

As far as I can tell, what VITROX has is nothing the industry has not seen before, except that they sell it much cheaper. Their production times are quite long for a machine, and it's quite new in the market so won't know the reliability of it but it seems quite popular especially in USA.

Problem is I don't see it in big wins like supplying to big company like intel, tsmc, lg, etc etc which can be used as a marketing tool.

I don't know if income tax will effect it or not in the future, but time will tell.

Good luck all.

Hi Tracy92,
Here is how I evaluate DAYANG. They are a topside and maintenance contractor. In its long history it has not diversified into new business units, so I assume they are either concentrated or management not talented enough to expand into new business.

In topside maintenance, there is a limited number of sites that need to be maintained within a fixed amount of time. DAYANG has a limited number of ships and competent people therefore they cannot bid for more jobs than they can safety handover. There are other contractors who do the exact same thing in the sphere like CARIMIN, Petra, barakah etc, all of which are no different from each other, no special difference or equipment. Therefore, they will all get the same jobs as to how much they can do.

So now you get to my concept of terminal growth. There are a limited number of oil platforms and refineries offshore that need maintenance, and that maintenance needs to be done to a standard which maximises the duration of length into the next scheduled maintenance.

The last big contracted maintenance? 2014. DAYANG did 874 million. 181 million pat. 18.7 roe. After that? No more business until recently. How much money dayang making 2019? 930 million, 197 million pat. Notice the cycle of maintenance? Do you think we will have more offshore platforms moving forward in Malaysia? Or will it be a net replacement of depleted platforms (like hibiscus) which is sold and with new platforms.

Is dayang growing or just performing? If you take into account inflation, is DAYANG taking market share or just coasting. Obviously coasting.

My opinion is DAYANG has reached terminal growth already, with small growth prospects to look forward to. They are labor intensive with no skillset and competence to take international competition. They don't have the money to do m&a and expand into different industries. They also don't have obvious skill to take market share from other competitors.

All we have to look forward to is a cycle of boom/bust.

I suggest you move on.

>>>>

tracy92 Hi Philip, thanks for your great sharing. Can I have your views on DAYANG?

It has outstanding orderbook of RM3b, earnings seem sustainable hinted in last QR under prospect section. They’re service provider who is not directly benefited from oil prices, however, due to good oil prices in 2018, Petronas accelerates to carry out their maintenance activities - benefits dayang

I already opened mouth in his other articles long time ago son.

I don't buy penny stocks.

I don't speculate don't worry.

Unlike Calvin who keep promoting karambunai, talam petisai etc. But don't buy a single cent.

I only have 5 stocks in my portfolio, held and bought since 2009. Every quarter I top up those stocks only.

I have QL, bought in 2009.
TOPGLOV, bought in 2010.
YINSON, bought in 2013.
STNE (NYSE), bought in Jan 2019 @19.
PCHEM, bought in Jan 2019 @8.15.

I buy wonderful companies at fair prices.

Oh no, could Calvin tan be wrong again?

BASF is the main technology partner and designer for pangerang project. it is a huge German multinational. Their biggest automation and valve sorts are from Siemens. Flow meters and mechanical works are from ABB, best in the world.

Do you think anyone will use PANTECH for anything but the most basic of things?

Extrapolate yes, but within reason.

Don't take a look at a shroud from Turin and say that it is the cloth of Jesus when he went to the tomb.

Do some research at least.

Carbon dating and blood splatter analysis found that it came from the 14th century, and blood splatter analysis showed the blood flow location and dispersal did not show that it was trauma, but more staged and placed.

So much for faith based belief.

Just look at the group of companies.

https://pantech-group.com/group-of-companies/

What do they do? Trading.

Nautic steels ltd is a new acquisition, they do flange and pipe fittings based on others design and specs which they license. You think it is crazy profitable? Buy the CTOS report and find out.

Pantech Stainless & Alloy Industries Sdn Bhd supplies and manufactures stainless steel pipes and fittings. Do you think it is a foundry and integrated plant? Of course not. They buy and assemble, oxygen weld, but fusion and resell.

Do you think it is an amazing business?

Buy the CTOS report and find out.

Average companies for average price.

But what does a retiring soon technical manager know about high pressure pipes, I'm sure Calvin knows best.

Why drop?

Because PANTECH is not actually doing oil & gas.

They are selling and cut & bend pipes, fittings and accessories which is also used in oil & gas. The do galvanising work on steel structure. And since got cut and bend factories they do structural work.

I buy my flowcon actuators and motorised valves from panaflo, but if got budget I always choose to buy from Siemens or ABB first.

They do trading, buying and selling ( which is why their profit margins are so low, 7% similar to ANNJOO)

They do not do epcc, design and build and other high margin activities.
You cannot look at a chicken and call it a duck.

If you are providing a service, similar to YINSON you will have high net profit margins (25% advice) which is very niche and hard to dislodge, you will have PRICING POWER.

Most of the flanges, pipes, fittings they stock and trade all come from CHINA. Do you think they melt their own steel, produce their own foundries, R&D and make their own pipes, fittings, flanges and valves?

Of course not.

The only reason why anyone use PANTECH is because they can sell cheap and keep stock.

If a company only way to fight is by selling cheap stuff with no innovation or market advantage, do you think they have a long term future? If you have quantity and money, anytime you can go to China to buy containers of steel material and kill PANTECH.

Calvin tan says he knows PANTECH?

I think not.

QR already released in December lo...

Mr market really likes YINSON today... I wonder why

Sorry, never mind. Forget that. Target invest you should stop investing in holland stocks.

I was once very much like you.

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

Aren't you the guy who was putting his seatbelt on and pumping money into opcom? Right into disastrous results this quarter?

Any reason why we should trust targetinvest this time?

This quarterly report is so horrible, more revenue stuck, even more losses stuck. Everywhere you go parkson is empty, with expensive products which no one buys, except my wife when she gets all those free discount vouchers and gift cards from the banks and gas companies.

In all honesty, why is ttb not cutting losses and just move on, even in the face of a totally changing business horizon.

It's like that child which still tries to hold on to JC Penney because of memories. Is it because of he realizes the losses the total nta and ICAP shareholdings will drop like a rock?

Ttb wants to emulate Warren and Charlie. Buy the problem is he fails to realize they keep improving themselves and their mental models keep changing over and over. Warren moved on from cigar butt margin of safety concepts to Charlie mungers fair price for wonderful companies concept long time ago. Then Warren can improve to change his mind on airline stocks by buying 2 airlines. Then in 2016 on he started going big in TECH stocks. And today in 2019, Berkshire actually goes and buys a Brazilian IPO. Incredible! You can reach the 2 old men new tricks. They keep refining themselves and their investment philosophy as time passes, because the economic landscape keeps on changing.

TTB on the other hand, stuck with old n Warren buffet version 1.0.

Never improve, never innovate, sticks to level 1 thinking.

At least he gets paid well for sitting on money.

Warren and Charlie both gets paid 100k a year.

I think there is much to be said about the bias of directors who need their yearly salary as a means of survival. Then his needs and directions no longer align with the shareholders at large. If you get paid millions to sit on your ass as apposed to shareholders who only rely on dividends and share price growth, it's pretty embarrassing.

So much for Calvin tan prediction.

PCHEM give dividend 18 cents.

Price jump from 8.15 to 9.38
5 billion revenue all time high.
Dividend all time high.

>>>>>
Aiyo...whole market red lah...QR session over liao...market took profit lah..see the QR results...so many red chilies...how can be good lah....lol...aiyoyo...kikiki

Answer: Warren buffet did NOT buy layhong. That I am sure of.

Time to cut loss? Or hold? But the value is rm3.... Right??? Scratching head.

Wah the coming sifu reports coming in fast and furious.

Remember who was first!

All bow and remember Calvin tan. A broken clock gets it right twice a day.

Btw I am interested in knowing what plp means. What does PLP stand for?

Sure thing. I have done gains of 50-100% back then in 90's as well. But let's not talk percentages, how much is the sums? Small sums? A few thousand? Tens of thousands? How long could you keep it up? 1 month? 1 year? Sooner or later those kind of investing method sure will come back to bite the ass... I know this from bitter experience.

In the end, you know how I made big money? 10 year holdings and every quarter top up like clockwork. In QL and topglove. Never sold a single share for 10 years. Then with PBB, then with YINSON, now with PCHEM. And the biggest earner do far, STNE ( NYSE). You know how many times I cut loss? Zero.

Trust me. Anyone who tells you they can average 10-20% in days, consistently for years, reinvesting larger and larger sums, compounding all retained gains for more than 10 years all by trading short term? I call bullshit.

I try to stay away from "those" kind of people.

It just can't be done. If you could compound 20% gains in days( or even months) in larger and larger amounts day after day, year after year. Warren Buffett will hire you as the new successor to Berkshire. No questions asked.

5-50k sure, can believe. You try investing 1-10 million. Can get 20% gains in days? Do the math. In 10 years, if you could compound your gains and get your 20% in days consistently for 6 months in a year, and do it without cut loss for 10 years, you would have turned 50,000 into around 100m... Yes doubling your equity position every year. Wow.

If so, I humbly ask you to show me your portfolio and 5 year annual statements, I will hand over my entire topglove portfolio to you to invest (2 million shares reinvested since 2009 till 2019 starting from rm500k) QL stock, STNE (500k units), PCHEM. l will give it all to you, you can name any profit margin you want. Escrow account. Losses I bear. Profits you earn. I take 10% per year.

Deal? Bernie Madoff also kalah to Malaysian maestro.

You mean you are happy that layhong is doing 1.8%?

Layhong has 2,419 employees. It does 870 million in sales a year, and the last 4 quarters layhong managed to make a profit of rm2,700,000.00

That is how embarrassing it is.

While egg and poultry prices are at their best, and it is the year end celebrations where everyone is buying chicken and eggs for holidays, when teoseng and others are all doing well.

Layhong is a horribly managed company.

No wonder QL dumped it's 38.8% stake in layhong, in disgust.

This is a disgusting company.

Good luck to all those who bought. You may join Herbert Chua in his monopoly kingdom.

Good job stockraider! This is where your future retirement fund is being put to work!

EMPLOYEES PROVIDENT FUND BOARD 20-Feb-2019 Acquired 1,093,000
EMPLOYEES PROVIDENT FUND BOARD 15-Feb-2019 Acquired 2,710,522
EMPLOYEES PROVIDENT FUND BOARD 14-Feb-2019 Acquired 938,500
EMPLOYEES PROVIDENT FUND BOARD 13-Feb-2019 Acquired 1,731,400
EMPLOYEES PROVIDENT FUND BOARD 12-Feb-2019 Acquired 91,50
EMPLOYEES PROVIDENT FUND BOARD 11-Feb-2019 Acquired 1,695,600
EMPLOYEES PROVIDENT FUND BOARD 04-Feb-2019 Acquired 902,000
EMPLOYEES PROVIDENT FUND BOARD 30-Jan-2019 Acquired 40,000
EMPLOYEES PROVIDENT FUND BOARD 28-Jan-2019 Acquired 246,300
EMPLOYEES PROVIDENT FUND BOARD 18-Jan-2019 Acquired 252,000
EMPLOYEES PROVIDENT FUND BOARD 17-Jan-2019 Acquired 700,000
EMPLOYEES PROVIDENT FUND BOARD 16-Jan-2019 Acquired 409,700
EMPLOYEES PROVIDENT FUND BOARD 14-Jan-2019 Acquired 1,063,800
EMPLOYEES PROVIDENT FUND BOARD 11-Jan-2019 Acquired 153,600
EMPLOYEES PROVIDENT FUND BOARD 09-Jan-2019 Acquired 348,400
EMPLOYEES PROVIDENT FUND BOARD 07-Jan-2019 Acquired 1,555
EMPLOYEES PROVIDENT FUND BOARD 04-Jan-2019 Acquired 307,200
EMPLOYEES PROVIDENT FUND BOARD 28-Dec-2018 Acquired 229,700

Thank God at least someone knows how to recognize good stocks.

Every day caps lock, trying to convince who ah? Even stockraider don't want to invest in QL, he is forced to.

Why?

Answer: stockraider has to pay epf until retirement age.

So 30 years old kid still had to do forced mandatory contribution to epf.

What does epf buy? Not INSAS like he wants.

Epf buy QL resources berhad. Good choice stockraider, even though you have no choice but must invest in QL, you still did the right choice!

Otherwise where you get 6.15% dividend every year?

opensys revenue and earnings almost identical 2017 and 2018, are you sure it is even growing? or already hit terminal growth stage...

Good luck Herbert Chua, future billionaire!

I sold my daughter to Japan billionaire and bought...... QL instead.

Herbert Chua God be with you !

May your eggs rest in peace!

Remember this?

https://klse.i3investor.com/blogs/philip5/191895.jsp

Am I the oracle of Kota Kinabalu now? I told you we are looking at profits of 18 million in 2018 year end. Turns out PPHB did 19 million instead.

Although I said opportunity cost of PCHEM is much better (all time high revenues and all time high dividends this quarter), PPHB also did well for itself.

All you need now is someone to step up, go to the AGM and request them to give out 1 cent dividend (of 2 million), and take less director fees (from 7 million to 5 million), then everyone will see the value of PPHB shine, from 103 million net worth to 200 million net worth.

Be a shareholder, treat yourself as a partner in the business working together with PPHB management to grow the business together. Tell them if they reward shareholders, you will be more than willing to buy into rights issue and warrants purchases to grow the business fully!

Good luck and god bless!

>>>>>
Let me throw you some figures.

Today if you buy pphb for 92 million, you get a clear view of profits of 18 million in 2018 year end.

Then you add growth trigger of 4 million per year from those 160 rooms and retail units and parking fees. You get 22 million.

Then you add the average growth rate of 2 million a year, and 1 million from their other income, you get 25 million.

If you get 25 million profit every year, and they start to do a dividend of 2-3 million to shareholders, you do the math?

oh I just read on that one, I believe is just PCHEM management hedging and playing it safe, because of CNY period all plant shut down and thing slowing down in the next quarter. It is usual and can see from previous years.

Non-issue for long term investors. I don't invest based on quarter to quarter results anyway, I look at long term strength.

Apologies carry, if no one gets my joke, PCHEM is strong as ever. The dividend we will be looking at RM0.32 cents, up from 0.27 cents last year. Going up stronger than ever. Record high for dividend this quarter. I doubt you will see PCHEM below RM9 anytime soon.

Revenue is a record high also. 5 billion of revenue, that is almost 6 months of 2010 revenue. Impressive.

Long term hold, and wait till PIC comes out for the fireworks by end of the year.

Once I get my dividends of 18 cents, which will amound to almost 250K (before tax, admin fees, SST etc), you can guess where it is going.

Hi Titus, can share where you got this info for next quarter? I want to read up on it.

>>>>
titus -
report a decent profit. Next Quarter will soften according to the prospect. I guess i will wait if there is any correction.
25/02/2019 14:29

Hi carry no boost, share price will drop to rm3. Epf is going to sell all their share according to risktransforner. Get out now while you still can!

18 cents dividend, all time high.

5 billion revenue, all time record. Earnings, 1.3 billion.

And pic not even out yet. Any questions.

Yeah, also the one at sepanggar after shangrila rasa ria. When we first started upgrade only 4 warehouse and processing chiller plants. Now got 12.

Real visible assets and full production for Marine resources. Even now not enough, expanding for bigger size in labuan.

300 million capex expansion every year, more than many company market cap.