He has been holding cash since 2015 and taking big chunk of professional fees doing it, all because of past successes.

https://www.thestar.com.my/business/business-news/2009/05/09/up-close-and-personal-with-tan-teng-boo/

Stockraider, your margin of value here and value there, when you going to sailang icap.biz into INSAS!

Put your money where your mouth is la and go big or go home!

I think I know who general raider is...

https://youtu.be/zALDcSxmMqM

Mediocrity at its best. Buying everything on margin of safety only is the same as buying everything based on pe only. Using one size fits all investing is so basic it's irritating.

Dear lazycat, I'll tell you after looking at an the February counters quarterly reports... Buying now seems weird.

Haha nope, I don't like complicated businesses, but reading about it is quite fun. For LCTITAN, I think what happened was speculation on naphta as a feedstock source.

https://www.icis.com/explore/resources/news/2018/09/25/10261661/asia-naphtha-jumps-to-four-month-high-on-crude-gains-market-unfazed/

Basically the management of Lotte was unable to monitor closely the futures for naphta as the price is still bearish. But since a lot of Asian companies decided to sapu the commodities futures, suddenly not enough stock to supply them in the previous 2 quarters.

But overall with crude oil price so depressed I think mid term the naphta price will definitely go down.

I think if you buy it low enough it's a good deal. I just don't like the fact that the pasir gudang plant is unable to expand properly as no land available nearby. They need to travel all the way to tanjung langsat to get the nearest industrial plot.

1st to comment, I like the forward thinking! Good read.

Oh.my.god. and I thought pphb management was bad. At least PPHB takes 7 million in director fees every year but gives 15 million in net profit. This ttb takes so much in professional fees and didn't even deploy capital properly or invest.

Malu lah to compare with vanguard Jack bogle. At least his vanguard index fund charges 0.05% management fee every year.

Even Stockraider can do better.

Probability I just noticed this. Are you also an engineer as well?
Happy Chinese New year!

Reading back I just noticed what appoloang said about buying into ql in 2001 and yinson when it was just a trucking company in JB.

I wouldn't have bought those stocks in those days either, you wouldn't have known if it would sink or swim. But buying later, how did I know how to keep investing in the stock?

Thinking back on this fact you really have to ask yourself when should you buy a stock? The secret was very simple and outlined in Peter lunch book one over wall Street which is very easy to grasp.

You shouldn't be buying a a stock when it is cheap. You should buy it when it starts to see success, and you learn about it's growth prospects and when it gains a business advantage over it's competitors. You buy it during its stable growth phase.

You don't buy stock which is recommended by friends and strangers or things you like. You should get it after careful consideration of is business prospects, company financials and upcoming prospects.

Then you hold on for the ride.

KB system is very powerful, it works until it doesn't. But just don't turn your brain off and follow blindly...

Actually it is nothing to shout about, just having some fun with my experiment.

For a company making 15 million in profit in 2017, I thought a profit guidance of 3-5 million extra would give you a earnings increase of 25-30%. You don't think that is something interesting?

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?

Obviously this is all theoretical. The horrible management still pisses me off, but bad management can go away. Profitable business still starts

How often do you get to borrow 100 dollars and get back 25 dollars every year?

qqq3 dont say la I said KYY sets out to cheat people. I know his own skin in the game. But I never said that he purposely cheat people. I just dont understand the theory of buying a stock, telling everyone you bought the stock, then saying you dont need care if anyone knows. I bought QL for years quietly without needing to let people know, just so I can buy it a cheap price.

your mention that quarter profits x 4 is also, has Carimin showed a profit guarantee or earnings estimation guidance for the year 2019? I missed that. If got, then I malu never read enough. but did Carimin really say they will have a yearly earnings guidance of 20 cents already? Can share that article so I can update my knowledge?

My bad eskay67, I had assumed that most of the vehicle and motorcycles were sold via the branches near or within the aeon mall locations. My apologies, I am most humbly mistaken. As you can probably surmise in sabah we don't have any aeon malls.

You learn new things every day!

Cheers.

*Deleting my comments now to save future investors misunderstanding.

5354, QL was so pissed at how badly managed layhong was that they dumped the entire 38.8% stake in layhong at rock bottom price. Looking at how their quarters have been turning out, I don't blame ql management at all.

Quality management goes a long way.

Yes klci is the smart one here. That's exactly what I found out back in 2009 after comparing many many many many similar competitors. Razor thin margins. Insane growth. Multiple business diversification. Successful market leaders in all the markets they entered.

Layed poultry farming, compare the productivity, profits and growth too layhong. Layhong had a head start of 10 years since the 80's. Died to QL dominance.

Surimi, compare that to texchem etc. QL management far far ahead.

Family Mart in 2016? Let's wait a few years until they hit 300 stores and you have comparison data to look at comparisons with 7-11. Family Mart has fresh food, ice cream and coffee and private label products that serve quality and Japanese product pricing point. 7-11 sells low margin 3rd party items. In a few years you will see the dominating difference between family Mart and third rate shops like 7-11.

If you don't believe you can just go to your local family Mart and compare the difference in choices and pricing points. Buy quality Japanese food for cheap prices?

Yeah i3lurker is smart.

My 1% dividend in QL is more than many REITs today just on the share splits I own. I wonder how many share splits I enjoyed since 2009.

The 200k investment I did in QL in 2009 was the stupidest choice I ever made. My topup every quarter for 9 straight years was even more stupid, as well as all my reinvestment into QL. I have 2m share earning only 0.97% DIVIDEND return every year. So horrible. What do I do?

Maybe i3lurker can teach me what stock to buy instead to save myself from embarrassment...

Thanks lurker in advance!

I3lurker is so brilliant! I have 30 acres of land in tawau planting palm oil now. It's been depressing at rm2150 latest cpo price.

However I would hold on that never ever happen part.

It has happened my young grasshopper. I was there.

March 2008, cpo price was at the all time high of rm4,298. You can check. I was upgrading refinery in tawau at the time. Everyone and their mother became instant millionaires.

You have much to learn about commodities. Never say never!

I'm trying to be the next kyy, problem is can only get my dividend from pbb next quarter to play with this stock. Next quarter 200k to eat up all the volume, I think I can eat 3-6 days of buying volume. Investing in microstocks can be fun!

But to be honest though, if koay family willing to sell me entire business for 100 mill I think it's a good deal. 15 mill profit yearly and 7 million directors fee sounds so juicy. I could pay off entire m&a in 4 years.

Crazy. But it problem will never happen.

Today I am PHILIPTANGRAIDING RESEARCH GROUP UNLIMITED POWER UP TRADERS. This stock is sure win!

Qqq3 some info on brownfield projects from my past experience with shell sites in sabah. After taken over by hibiscus ( which I still don't understand why anyone would buy. If it makes money, shell will keep it. If it worth the selling is the price paid by hibiscus to shell worth it? I've been to the rig. I still don't get the price paid for the asset.)

For MCM contract 5 year contract won by carimin, it is brownfield project.
https://www.2b1stconsulting.com/brownfield/

Hope this helps. I think the only thing that can give carimin more visibility in the mid term is more contract wins from Petronas. But with the oil price dropping again this year, contracts will be hard to find, and margins will be low.

I really don't like the 1-3 year projects for oil and gas projects.

For PPHB I'm not very optimistic either, but in 2019 first quarter the hotel will start operations, but it has clearer details.

The Quay in Penang Island will consist of a five storey boutique hotel and retail lots with total built up of approximately 18,050 sq m and 950 sq m respectively with approximately 160 guestrooms together with a two-storey car park of 100 car park spaces,” PPHB said.

The company expects that the profit contribution of this hotel and commercial property leasing business will start to accrue in year 2018. The board expects that the deployment of assets of 25% or more of the net assets of PPHB for the hotel and commercial property leasing business,” it said in the filing.

It's a little bit late but should be finished by 2019. And it's right at pangkalan weld, so it's with waiting for I guess.

Average room rates it Penang pangkalan weld is from 200-400. At 55-75% occupancy. So if I take 80 rooms per year is looking around 5.8 million in room rental revenue, not including the car parking charges and retail lots rental.

If I add in another 3 million in total profit to bottom line of PPHB it seems like a good deal.

Even if the management is lousy. At least they don't lose money and no share placement.

hmmmm I know what I am getting into bed with if I do invest in pphb. The earnings and growth are pretty straightforward.

With carimin, the share price is obviously manipulated with heavy buying. Kyy goes in sure win I guess in the short term.

So far with carimin the contract wins have all been for undisclosed amounts, at least those that I have read about la. Do enlightened me if I am wrong.

They also has a contract win in 2016 for 2 years for mechanical works. Also negative income.

Their contract 5 year win was in 2017 I believe and validity date started in September 20th 2017 to September 19 2022. Since it is undisclosed and it is a maintenance, construction and modification work I highly doubt it will be a full 20 cents earnings every quarter for modification works. I think I know enough about oil and gas modification works to know there was a VO work involved.

If entire 2018 for the contract when oil price was high no activity, in 2019 when the original mechanical contract ends there will probably be done rectification work done.

Looking at the information available for MCM contracts, I highly doubt that the earnings will be sustainable in the medium term.

Although if I had more information about the details of the contracts I would probably change my mind.

If PBB give out 0.32 cents again, it might actually be interesting enough to try it out,

If the quarterly results are within expectations. 190k sailang!

I'm trying out a new experiment here. If I talk enough BS, scold anyone who disagrees with me. Keep posting articles and comments every day to build up volume in i3, will there be a net effect of share price increase of the stock?

The stock is small enough that creating enough noise and volume might actually a big volatility in the price of the stock.

Stay tuned to my experiment in pphb. It's interesting enough that I think it's worthwhile to invest the next dividend 4Q from ppb in this stock.

Conviction!

Brilliant article icon888 I like the analysis. May I ask a small question, I have trouble adding a label of the stock to my blog. May I learn from you how to do it?

Sorry, got carried away there for a bit in my euphoria for the future prospects of this undervalued stock.

This is a 200 million company selling for 92 million!! Just need to be patience, like raider says.... CANTEEEEEEK!

Please comment and discuss more on PPHB forum so we can drive more interest! Hopefully kyy will see this page and help us buy it out and change government! TUKAR! BERSIH!

Once change government, reduce director fee to free, introduce dividend payment of 50% payout, then PPHB share price sure go to the moon!

PPHB CANTEEEEEEK!

May those who doubt PPHB have their ding dongs fall off!

Those who invest in PPHB are my brother's! Those who don't are forever losers who don't understand margin of safety!!!!!

PPHB CANTEEEEEEK!!!!

Hi all, raiderphilip have a plan. If everybody work together and we sapu 51% of outstanding stocks in pphb, we can all attend the next agm and scold the directors of the company for taking 7 million is director fees when the company only produce 15 million in profits.

This is an outrage! Please someone share this article to more friends so we can bersih the horrible management into giving us that 0.01 dividend! ( 2 million only)
I think 2 million in dividend is fair!

Don't you think so?

Please read more to learn for your safe investment in stocks. Patience will come to those who wait, and wait, and wait.

https://klse.i3investor.com/blogs/philip5/191626.jsp

Definitely not easy, because all the low quality stocks are depressed for a reason. In this stock case, the 2 main reason why this stock is depressed is because of director remunerations and the business it is in.

However, isn't it easier to fix those problems to get a good money making profitable business running than to find businesses losing money and hoping for a turnaround?

The business itself is sound, simple and scalable, and probably idiot proof.

Right now idiots are running it, but time will tell what the future will bring.

Buying these kinds of business is far better than taking a stab in companies like sumatec and bumi armada.

Those I put in my too hard pile.

Haha agreed, but I have a plan. The biggest problem now with PPHB is that the directors fees is too high! in 2017 their fees were 6.9 million, while company declare profit of 15 million. So not enough money for dividend,

If everyone follow my wife to sailang into PPHB buy out the 51% (very doable, only need 50 million to sapu them out), we can give our new directors the 6.9 million yearly instead! Kick out the bloody management!

Haha! Please everyone sell your shares cheaply so I can enact my master plan to turn PPHB into a profitable long term money making machine!

My offer still stands, if company market cap drops to 60 million, I will sapu whole company and eat everybody up!

7 million a year in fees sounds so good.

*notice how I dont buy companies with poor management. Management is a key component of how well a company can perform long term.

insas 0.75
pphb 0.49
mnrb 1.07
ql 6.86
topglov 4.92
yinson 4.11
pbb 24.78
STNE 23.09

Just posting up here 28 jan prices of all the overvalued/undervalued/bad/good stocks that I am currently monitoring so I can pull out for easy analysis next year.

Probability! Haha I am glad you see the humour.

But in all honesty, I'm sure my pump and dump stock will work out much better than all the stocks Calvin tan is promoting like binapuri, bjcorp, talam etc.

Why? I know what I am looking for, and I have insider information.

Good luck in 2019!

Jeff bezos started Amazon in 1994, and today in 2018 he still holds 78 million Amazon shares. I think he is still the biggest shareholder in Amazon if I'm not mistaken.

Bill gates only gave out his shares to the Melinda gates trust for charity purposes.

Warren buffet still has many shares in brk today.

Personally I think it's better to find a wonderful stock and ride it to the moon then buying thousands of average stocks, simply because it's easier to train the mind to look for wonderful stocks selling at fair prices, than to analyze hundreds of stocks carefully.

Lazycat, please don't take it the wrong way, but looking at your chosen stocks I have a feeling you have been playing stock market for less than 5 years. I have lost money for 5 years, invested in stock market for more than 18 years.

Our timeline horizons are very much different, goals are different, risks horizon is different.

It would be hard for me to go back to doing 3 jobs to pay for my stock market addiction. Haha.

I'm sure you have your way, and looking at me for confirmation bias may be the wrong place to look for answers.

Good luck in 2019!

Dear lazycat,
for sumatech share price went from 0.01 cent to 0.02 cent on 7th january. Horrible company, but you get what I mean.

I never bought padini after change of fast fashion methods which padnin cant cope well with.

For topglove if you look at 2 month period sure its a bad investment. after 2 years it looks nicer. And if you invested in it like me in 2009 until now, I can just use the dividend to top up stocks, long term no one will crazy enough to bet against topglove.

It all depends on how you look at the market.

Topglove is 19% of world market of gloves production. drop 5-10% you know it will do well long term. New competitors hard to break in

The others malaysia tech stocks, I dont know if it will do well long term.

History has shown it cant sustain. Look at 2005 penang and what happened to semicon industry in bursa. How many stocks died.

Anyway, my circle of competency is very limited in things I dont care about.

I am sure qqq will do well in his investment in vitrox as long as he knows when to get out.

I am sure you will do well in you investments as long as you know when to get out.

I am particularly bad at knowing when to get out, thats why I still hold ql, topglove, pbb, yinson until today, still buying every quarter since 2009.

Maybe if I can learn how to time my investments I will do better in life.

qqq, I'm sure you know your business well. But is vitrox better than market leader? In terms of quality of product?:

https://www.keyence.com/
https://www.teradyne.com/

https://globenewswire.com/news-release/2018/10/31/1640278/0/en/Teradyne-Named-Best-Automatic-Test-Equipment-Supplier-for-2018-by-Dialog-Semiconductor.html

They have 4800 staff and spend more on R&D than the entire revenue of vitrox combined.

Do you know why vitrox product is selected for use for customers? Its because it is cheap. It is cheap not because it is high quality or unique. It is cheap because currently the company does not pay income tax, so it can be 30% cheaper than the competitors. But sooner or later once it starts paying 24% incoming tax, the fun stops.

Unless the founders can find a way to do something better than big sharks like teradyne and keyence.

I hope they do.

lazycat, that is a very dangerous way of thinking. If you use that same train of thought, you could have bought sumatec at 0.010 per share on january 3&4, then sit on 100% profit 3 days later.

That sounds wonderful until you realize you are not investing, that is speculation and gambling.

You do not invest on random numbers on a chart. You make money based on a the consistency and quality of the chart.

speakup how is uncle and aunties trapped?

If you held 7 share in this stock, today you would get 12 shares instead. and as the shares now are worth 50 cents each, you would have RM6 worth of shares.

You still had the same value, as you share price in july was 0.91 was RM6.31 for 7 shares.

You basically didn't lose or earn much in the short term of 1 year.

in 2017, you have 177 milion revenue with 15 million profit for share price 6.31

But today, at your share price of RM6, you are already looking at 2018 revenue of 188 million and 18 million profit.

Growing profit and revenues are a recipe of success.

vitrox, gtronic, inari, penta, elsoft all have exposure to smartphone market slowdown (or did you think there would never be a terminal growth for tech industry?), skpress already have reduced orders from dyson and others and have increasing labour costs in the future (their biggest costs).
dufu does HDD which will dissapear when market comes out with the most efficient latest method of storing data (which will be sooner rather than later).5-10 years from now I doubt we would still be using HDD, instead of the new technology.

What is your timeline? If you mean in 1 year, I have totally no idea which stock will do well. If you mean in the next 5-10 years? I think all those stocks will not do well long term.

Ask yourself this question, how often did you upgrade your phones back in the days of iphone 1 and 2? How big is the improvement iteration today of smartphones? Are you waiting longer between cycles to change your phone because the improvements were miniscule? If you used to replace your phones every year how about now? 2 years change one time? 2.5 years upgrade to new phones? How many competitors in choosing the selection of phones? Do you think the margins enjoyed before by above companies will be able to repeat itself 3-5 years from now? I think the answer is definitely: NO.

Personally, I think you will be better off keeping your money in FD rather than invest in those companies. They run a very real risk of share price crash if the growth of stocks does not jive with earnings and revenue increase. And as sure as day, there will be a time when they will miss earnings forecasts. IF apple, samsung, xiaomi, huawei all experience slowdowns, you think those 7 stocks will keep hitting milestones?

Before I used to upgrade my phones because speed, features, quality and price was reasonable and improvements necessary.

These days I only upgrade my phones, when it breaks down. Even then I have already switched from Apple to the new XIAOMI POCOPHONE. 1399 with the speed and specs of samsung note.

Who needs the little pen tool anyway?

haha very true, we need some conviction right? But if I become substantial shareholder in this company everyone will know who I am. My style is simple, if I buy or sell any stocks, I don't feel the need to let people know I am buying or selling. STNE was very different I feel because i3 investors wont invest in foreign stocks.

No point in being a KYY buy then promote.

Investing is a competition against yourself, if you are making money then good. If you try to tell people to invest in something there is always an ulterior motive. What I am trying to promote is a way of thinking for yourself and choosing stocks for yourself, not to always follow and invest based on some sifu information.

FYI I am not buying this stock for my core investment ideas. It is merely a recommendation of safe growing stocks to look for in bursa that will not burn you or hurt you in the long run. My brother in law works here. It is not for everyone, buying safe boring stocks. It may also be the target of syndicates to pump and dump after looking at interested volume. In either case, practice good judgement and safe buying activities.Buy after quarterly earnings reports and management activities. And above all,

NEVER DO STUPID THINGS TO LOSE YOUR HARD EARNED MONEY.

So, who say I don't know how to look at margin of safety leh? I know mah, why say I only know how to buy PE50 stocks? I use business sense mah. If got business sense of course use S=Q.r! buy good management in good markets to make monies, not buy good management in bad markets mah.

But having said that, even bad markets can buy if they give you free money right? Like Jon choivo like to say, if want to subscribe or give me money give you free ang pao lo.

This stock may stay depressed, it may go up, but it will never hurt you.

Thats what basic businesses do.

Try buying MYEG and SUMATEC? 1 year happy happy next year jump off the building.

I remember reading this before and thought trade view was a very smart fund manager.

Totally up 2x after comment by choivo capital. Basic brains but not enough business sense. But if you tell him he still won't know:

>>>>>

You guys insane ah.

"This brings me to the next point, investing in QL is a also a valuation play. How so? Traditionally, QL has been valued as a poultry, surimi and feed company. Now with their convenience store business, their valuation will alter. This would be especially true if they can win market share from 7-11 or MyNews. If you look at both companies' valuation, you will be amaze with the premium attached to both companies. SEM (7-11 Malaysia) is trading at 43x trailing PER and MyNews is trading at 40x trailing PER. QL is only trading at 34x PER with an expanding convenience store business arm. Hence, to us, QL is a very solid mid to long term valuation play."

What kind of stupid statement is this? Value play? Siao ah.

Like that everyone go change business to car hailing company better? Those companies burn 2-4 billion a year but valued at 60 Billion.

In this case, if you make profit, your valuation mai hit infinity liao?
23/4/2018

This is Jon choivo

Yeah, I read about their expansion into Philippines and Indonesia and increasing revenues from personal motor financing.

If it does well, things will definitely change.

But until then, will have to wait if the raising of money and cost of capital can bring in the beef.

Clock is ticking.

I realize Ricky is the one who loves to argue for the sake of arguing.
Problem is in investing there is no point in arguing, whether your theories are right it wrong can always be explained away in a biased frame.

It's like looking at the Forex chart,
Daily chart looks like it's losing money.
Weekly chart looks like it's uptrend.
Monthly chart looks like it's downtrend.
But yearly chart looks like it's making tons of money.

There is no wrong or right if you are arguing just based on theories.

But if you have skin in the game just draw the line in the sand, tell everyone what you bought and what price you bought it at. If you make money then you have the right to say whatever you want.

If you lose money be brave enough to admit it.

If you don't have any skin in the game, why spread so much info and theories and arguing? Just agree to disagree, like icon888.

At the very least be like Stockraider wth a price a buy all and a reason for shorting out investing.

Theories without conviction are a waste of time.

Stockraider please stop polluting my blog and other readers with you force spam. If you want to spam please start your own blog and talk ask the nonsense you want.

You have already been proven to be a average investor with limited foresight and low quality analysis.

Please don't waste everyones time here, loh!

Hi klci, I read seeking alpha, I have a subscription to FT and Bloomberg. I also read bursa i3 often for ideas. I also read books from the usual suspects, a book I'm going through right now is market with. Hope that helps.

Please investors of sumatec, wake up!

This bastard tan Sri halim saad used to helm renong.

The Games and promises he made with renong put me in hell for more than 10 years to dig out.

For you to continue investing in sumatec is just the height of stupidity.

Please, for your own mental health wake up and smell the roses.

So many stocks to invest in ursa why trust a incompetent liar and bastard like him?