So which category of Peter Lynch's stock is TSH?

TSH

ROE 4.75%
NTA RM 1.456
GROWTH negative

Our dear Singaporean cannon, please start your promotions with the return on equity of the stock you are promoting. It is easier for those who are more knowledgeable than you to comprehend clearly. How much equity is employed by the company to earn RM1 of income?

On 'Great' businesses, Buffett says,

"Long-term competitive advantage in a stable industry is what we seek in a business.

If that comes with rapid organic growth, great. But even without organic growth, such a business is rewarding.

We will simply take the lush earnings of the business and use them to buy similar businesses elsewhere. There's no rule that you have to invest money where you've earned it.

Indeed, it's often a mistake to do so: Truly great businesses, earning huge returns on tangible assets, can't for any extended period reinvest a large portion of their earnings internally at high rates of return."

=======

Truly GREAT companies, earn high profits on their net tangible assets. These companies have high ROEs. Look for ROEs > 15% annually.

Example: An enterpreneur started a new business by buying a machine for $X. This machine generated $X of net profit in a year. The ROE for this business was 100%. This return is exceptionallly high. If the company buys another machine, its business would not be increased, as one machine was enough for its business. Thus, reinvesting the profit back into the same business is not going to improve its profits, as the same increment in profits can be generated by the one machine alone. Thus, that profit is better redeploy to earn returns elsewhere.

Capital Expenditure

A great company with a Durable Competitive Advantage will have a ratio of Capital Expenditures to Net Income of less than 25%. Less is better.

Capital Expenditures are expenses on:
- fixed assets such as equipment, property, or industrial buildings
- fixing problems with an asset
- preparing an asset to be used in business
- restoring property
- starting new businesses

A good company will have a ratio of Capital Expenditures to Net Income of less than 50%.

A GREAT company with a Durable Competitive Advantage will have a ratio of less than 25%.

Less is better.

On 'Great' businesses, Buffett says, "Long-term competitive advantage in a stable industry is what we seek in a business.

If that comes with rapid organic growth, great.
But even without organic growth, such a business is rewarding.
We will simply take the lush earnings of the business and use them to buy similar businesses elsewhere.
There's no rule that you have to invest money where you've earned it.
Indeed, it's often a mistake to do so: Truly great businesses, earning huge returns on tangible assets, can't for any extended period reinvest a large portion of their earnings internally at high rates of return."

Unless you find the prices of a great company really offensive, he advises against trying to time the market or waiting for a financial crisis to buy stocks at a discount, as great companies are rare and difficult to find.

He advises against trying to time the market or waiting for a financial crisis to buy stocks at a discount, as great companies are rare and difficult to find. Instead, Buffett suggests buying and holding onto these companies long-term, with the confidence that they will thrive over time.

And by definition, a great company is one that’s going to remain great for 30 years.

If it’s going to be a great company for three years, you know, it ain’t a great company.

Look for truly great companies that will remain strong for decades.

Great companies are rare and difficult to find.

During the 1996 Berkshire Hathaway Annual Meeting, Warren Buffett discussed the value of investing in truly great companies that will remain strong for decades.

He advises against trying to time the market or waiting for a financial crisis to buy stocks at a discount, as great companies are rare and difficult to find. Instead, Buffett suggests buying and holding onto these companies long-term, with the confidence that they will thrive over time.

Here’s an excerpt from the meeting:

Buffett: Yeah. Well, I won’t comment on the three companies that you’ve named. But in general terms, unless you find the prices of a great company really offensive, if you feel you’ve identified it — And by definition, a great company is one that’s going to remain great for 30 years.

If it’s going to be a great company for three years, you know, it ain’t a great company. I mean, it — (Laughter) So, you really want to go along with the idea of something that, if you were going to take a trip for 20 years, you wouldn’t feel bad leaving the money in with no orders with your broker and no power of attorney or anything, and you just go on the trip.

And you know you come back, and it’s going to be a terribly strong company. I think it’s better just to own them. I mean, you know, we could attempt to buy and sell some of the things that we own that we think are fine businesses. But they’re too hard to find.

I mean, we found See’s Candy in 1972, or we find, here and there, we get the opportunity to do something. But they’re too hard to find. So, to sit there and hope that you buy them in the throes of some panic, you know, that you sort of take the attitude of a mortician, you know, waiting for a flu epidemic or something.

I mean — (laughter) — it — I’m not sure that will be a great technique. I mean, it may be great if you inherit. You know, Paul Getty inherited the money at the bottom, in ’32. I mean, he didn’t inherit it exactly. He talked his mother out of it. But — (laughter) — it’s true, actually.

You can find the entire discussion here:

https://acquirersmultiple.com/2024/08/warren-buffett-dont-wait-for-a-price-drop-to-buy-a-great-company/

...
Posted by calvintaneng > Aug 31, 2024 1:32 PM | Report Abuse

For every one who come here to post truth or falsehood all can check out the facts

A lying tongue is but for a moment

There is a God in heaven

Better tell the truth

Only what is true will last

Not lying tongues

''''


Our Singaporean friend told lies for 2 years while promoting NETX. Since I have experienced and observed our Singaporean friend in the NETX thread, his reputation was shattered. No integrity. Buffett advises not to have any dealings with such characters, for good reasons. :-)

Good morning

For those who understand what our Singaporean friend shared on TSH, please simplify his posts for us here. Thks.

PM CORP

29.4.2016 28 SEN
7.3.2024 18 SEN
30.8.2024 17.5 SEN

Velesto

Year Earnings
2020 -492m
2021 -90.8m
2022 -100.0m
2023 +99.5m
2024 110 m (1H 2024)

Price 20.5 sen per share
Market Cap 1.684b

During the 1996 Berkshire Hathaway Annual Meeting, Warren Buffett discussed the value of investing in truly great companies that will remain strong for decades.
He advises against trying to time the market or waiting for a financial crisis to buy stocks at a discount, as great companies are rare and difficult to find. Instead, Buffett suggests buying and holding onto these companies long-term, with the confidence that they will thrive over time.
Here’s an excerpt from the meeting:
Buffett: Yeah. Well, I won’t comment on the three companies that you’ve named. But in general terms, unless you find the prices of a great company really offensive, if you feel you’ve identified it — And by definition, a great company is one that’s going to remain great for 30 years.
If it’s going to be a great company for three years, you know, it ain’t a great company. I mean, it — (Laughter) So, you really want to go along with the idea of something that, if you were going to take a trip for 20 years, you wouldn’t feel bad leaving the money in with no orders with your broker and no power of attorney or anything, and you just go on the trip.
And you know you come back, and it’s going to be a terribly strong company. I think it’s better just to own them. I mean, you know, we could attempt to buy and sell some of the things that we own that we think are fine businesses. But they’re too hard to find.
I mean, we found See’s Candy in 1972, or we find, here and there, we get the opportunity to do something. But they’re too hard to find. So, to sit there and hope that you buy them in the throes of some panic, you know, that you sort of take the attitude of a mortician, you know, waiting for a flu epidemic or something.
I mean — (laughter) — it — I’m not sure that will be a great technique. I mean, it may be great if you inherit. You know, Paul Getty inherited the money at the bottom, in ’32. I mean, he didn’t inherit it exactly. He talked his mother out of it. But — (laughter) — it’s true, actually.
You can find the entire discussion here:

https://acquirersmultiple.com/2024/08/warren-buffett-dont-wait-for-a-price-drop-to-buy-a-great-company/

During the 1996 Berkshire Hathaway Annual Meeting, Warren Buffett discussed the value of investing in truly great companies that will remain strong for decades.
He advises against trying to time the market or waiting for a financial crisis to buy stocks at a discount, as great companies are rare and difficult to find. Instead, Buffett suggests buying and holding onto these companies long-term, with the confidence that they will thrive over time.
Here’s an excerpt from the meeting:
Buffett: Yeah. Well, I won’t comment on the three companies that you’ve named. But in general terms, unless you find the prices of a great company really offensive, if you feel you’ve identified it — And by definition, a great company is one that’s going to remain great for 30 years.
If it’s going to be a great company for three years, you know, it ain’t a great company. I mean, it — (Laughter) So, you really want to go along with the idea of something that, if you were going to take a trip for 20 years, you wouldn’t feel bad leaving the money in with no orders with your broker and no power of attorney or anything, and you just go on the trip.
And you know you come back, and it’s going to be a terribly strong company. I think it’s better just to own them. I mean, you know, we could attempt to buy and sell some of the things that we own that we think are fine businesses. But they’re too hard to find.
I mean, we found See’s Candy in 1972, or we find, here and there, we get the opportunity to do something. But they’re too hard to find. So, to sit there and hope that you buy them in the throes of some panic, you know, that you sort of take the attitude of a mortician, you know, waiting for a flu epidemic or something.
I mean — (laughter) — it — I’m not sure that will be a great technique. I mean, it may be great if you inherit. You know, Paul Getty inherited the money at the bottom, in ’32. I mean, he didn’t inherit it exactly. He talked his mother out of it. But — (laughter) — it’s true, actually.
You can find the entire discussion here:

https://acquirersmultiple.com/2024/08/warren-buffett-dont-wait-for-a-price-drop-to-buy-a-great-company/

Another very good quarterly result. Insiders adding to their share-holdings.

Tenaga reported a very good latest quarter.

Its old business is kaput. Will need to reinvent a new business direction.

Those who managed to sell in the last price hike were lucky indeed.

Steady growth in revenues, earnings and dividends.
Earnings growth is faster than revenue growth.

ROE 10.64 NTA 18.19
Price 21.26
PE 10.95 P/B 1.17 DY 2.78%

At present price, it is trading at just below fair price.

Gruesome company.

Livermore was a gambler and speculator at heart.

>>>
prudentinvestor

Pathological liar and compulsive braggart Tan the Tua Pao can't tolerate others stating some facts once in a while while he has the liberty to lie and brag the whole day.
<<<

Our Singaporean friend fires his big cannon many times a day.
But it was so obvious to all who observed his posts, he sold 8 houses to invest into NETX. This had dented his finances significantly.

As for his 1000% gains in such and such stock, it is likely just "HOT AIR" from his overused big cannon.

😀

OTB, KYY and friends hyped the furniture stocks in the past. The share prices of these stocks expanded and it was obvious they made a lot of money. Remarkably, they then focused on Hengyuan, and too managed to hyped this stock to a high level. Those who followed them too made a lot of money.

Should you follow such market activities? It was obvious price movements upward attracted a lot of momentum traders, and also short term punters.

Alas, there were a lot of blood spilt on the streets when the bubbles burst. Human behaviour is such. Old players with experience might have modified their behavious, but there are new players freshly entered for the slaughter again.

I think KYY lost a lot of money playing Jaks and Eversendai.

It is probable that all the gains he made before these were not enough to cover these big losses.

Why the very big losses? He probably bet very big in these 2 counters. He visited these companies' assets in Vietnam and the Middle East. He was very positive on the businesses of these companies. In hindsight, he was overwhelmed by the bullishness of his own emotions, and did not realise or underestimated the downside risks. He also probably leveraged a lot on these 2 stocks.

When these stock prices collapsed (due to poor business performances), their share prices tanked. Caught in a downturn, the high exposures and high leverages led to severe margin calls. By his own sharing, he had to sell some landed assets to cover for these losses.

"Reminiscences of a Malaysian Stock Operator."

>>>>
Blog: 90% of people lose money in stock markets - Koon Yew Yin

1 day ago | Report Abuse

Ok may i ask some questions ❓

Since so much confusion here

1. Ks55
You claimed to have Rm15 millions and invest in pur err tea?

2. Mr. OTB
You said you like a frugal lifestyle

Spend Rm10 ringgit a day enough

3. Uncle Kyy
One Ipoh Remisier said you lost Rm165 millions in Jaks

4. Qqq3
After you lost 50% in Sendai are you now trapped in China stocks

5. Mikecyc
You sai lang all your life savings in Jaks?

6. Ok i am calvintaneng
I have all these

Jcy cost 32 sen
Dufu cost Rm2.20
Notion cost 52.5 sen
Hexcap cost 38 sen to 48 sen

Above i sold lots of Notion and Jcy to buy more Dufu since Dufu never go up much

Now Hdd/Ssd still in great demand due to mushrooming of DC centers and Ai

If prices are down can slowly average down

If want to buy must hold since new DC centers will be ready by end 2024 to 2026

Do not punt or play contra

These Hdd will not be affected by Trump universally tax as they are needed worldwide

As for Calvin 95% of investments now in palm oil

Why palm oil?

Answer:
Palm oil survived 1997/8 Asian Financial Crisis
And did well during 2007/8 Us subprime crisis

Regards
Calvin Tan

Please forgive one Another and love our enemies

>>>>
:-)

>>>
calvintaneng

Jtiasa?
I bought at 63 sen
Already made 6 figure profits

6 hours ago


Berlin

A congenital liar and braggart with few redeemable traits. No visible proof of making money from the market, only loose cheap talk. Going by his stock recommendations, he is deep shit in the poor house.

6 hours ago


Berlin

In 2016 Calvintaneng recommended 4 great stocks including JTiasa which traded around 1.64 then. Can anyone believe he bought it at 63 sen?

6 hours ago
>>>>


WE observe similar posts repeatedly ad nauseum. How to believe our Singaporean friend? :-)

TSH is a plantation company. It has large productive plantations and also acres of land unplanted. It was deeply indebted. Saddled with debts and heavy interest payments.

It sold some plantations and the proceeds went to pay down its debts. Its interest expenses have gone down accordingly. Due to sale of plantations, its revenues from crops harvested too will shrink accordingly.

Its cash flow is now manageable. How big is its CFO? How much is its capex for maintenance and for growth (replanting and planting raw lands)? How much is its FCF going forward for the short, medium and long term?

Its ROE is low. Its growth is not exciting. CPO price is cyclical. Are there better companies to invest of higher quality business, with better long term growth prospects and with greater upside/downside risk, for the long term?

Cyclical stock
Low EPS and High PE

When is the time to buy?
When is the time to sell?

A good dividend yielder stock too.

Highly competitive challenging sector.
Profit margin may expand a bit due to strengthening of our ringgit.

Price of PBB is also at a new high. Those who are long term in PBB sleep soundly.

ks55

Hai-O under Tan Kai Hee's tenure invested a lot in Pu-er tea too. I do not know much about this investment. It is tradable. Does the Pu-er tea get more valuable with age?

I recalled OTB shared he was badly affected by the 1997 stock market crash. In fact, his financial future was at risk. He learned TA and started teaching too for various organised meetings. His good fortune came when KYY identified him to manage his funds. Yes, it was obvious KYY made a lot of money when his fund was managed by OTB. This liason did not last, and they parted a bit acrimoniously.

Given a new lease of financial health, I recall OTB shared how he set aside a sum of money for his future. This money is not in the stock market. He also subscribed to a learning course on FA by KC Chong.

Was he a bankrupt? Probably not, but it was not surprising for a remisier to be in deep financial difficulty post 1997. Glad for him that he is out of this difficult period.

KYY shared the performance of the managed portfolio of his relative. It is nice to know that no one is infallible. Reading posts of the many successes of the pasts, it is reassuring to learn of failures too.

For those who are speculating, we can expect them to get speculators' returns. The important outcome is how they perform in their lifetime of investing.

Interesting clash of personalities in this thread.

Highest qtrly earnings for the last 17 years.
Declared a higher interim dividend.

Safe and strong bank. ROE 1H2024. 12.8%

Latest rumour: Nusantara as the new capital of Indonesia maybe no longer on the table!🤔

How successful is Cyberjaya in Malaysia? Concept was very good on paper. Implementation and realisation are a lot more difficult.

Instead of making daily stock picks, the Berkshire team prepared for a few big wins in a handful of sectors where they felt they had a genuine edge over the average investor.

“We always realized that if we worked very hard we can find a few things where we were right and the few things were enough,” Munger said. “That was a reasonable expectation. That is a very different way to approach the process.”

Ordinary investors can also benefit from this approach.

“We never thought we could get really useful information on all subjects like Jim Cramer pretends to have,” Munger once quipped to investors at a Daily Journal shareholders meeting in 2019.

https://moneywise.com/investing/charlie-munger-warren-buffett-jim-cramer

Power of compounding. K.I.S.S.

Start investing early.
Assuming the portfolio of stocks give a 10% return yearly or doubling every 7 years:

Number of compounding years .. Outcome

O $1
7 $2
14 $4
21 $8
27 $16
34 $32
41 $64

A person invested 1k at age 20 years and compounding at 10% yearly, his investment grew to 64k, when he was 61 years old (41 years later).

A person invested 1k at age 40 years and compounding at 10% yearly, his investment grew to 8k, when he was 61 years old (21 years later).

A person invested 1k at age 54 years and compounding at 10% yearly, his investment grew to 2k, when he was 61 years old (7 years later).



INVEST EARLY.


Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

12,984 posts

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 days ago | Report Abuse

Compounding is truly magical at the end of the long compounding period.

The person who invested at age 20 years, the last doubling from age of 54 to 61 was $64 - $32 = $32. This $32 incremental gain in his portfolio value is MORE than all the doubling gains of his portfolio from age 20 to age 54.

This is a HUGE FIGURE.

😄😀😄😀😄😀😄😀😄😀

>>>
calvintaneng

Hahaha Brovo well done SSLee!

clap!
Clap!!
CLAP!!!

He is so clever !

now 3iii go and do some posting and show us some good stocks to buy Ok?

no more go around gaypoh
>>>>


Calvin, my Singaporean friend. If you will be kind enough to just promote 1 stock every 2 months, many in this forum may pay a little more attention to your promotion.

Cheers.

SsLee

846,000/235
= 3600 view page per post.
👍👍👍👍👍👍

You have so many more page views per thread than my Singaporean friend. Hope he realised his abuse of this forum flooding and spamming the forum with many poor quality threads.

Bravo and well done SsLee.😀

Our Singaporean friend FLOODED i3 forum with 56,008 threads.

>>"We got over 9.3 million page views"<<

Our Singaporean friend was proud of the 9.3 million page views he achieved. This is so superficial (sorry for stating so).

Divide the 9.3 million views into the 56,000 threads, this is 166 page views per thread which our Singaporean friend created.

It was probable, but not impossible, that the single thread on NETX generated 2 million views.😀🤣

Maybulk

Suddenly, our Singaporean friend eagle-eye spotted this stock many months back. This was going to be another of his excellent pick. I was sure many in this forum clicked to see what he had shared. (Now, do you know why there were so many page views!) Our Singapore friend eagle-eye spotted that BDI was on the way up and by his very clever analysis and reasoning, Maybulk was going to derive huge profits in his business. He shouted "BUY, BUY, BUY ... repeatedly."

Not many moons later, our Singaporean friend changed his tune. It was obvious to everyone that his enthusiasm was just that. Our Singaporean friend strayed way outside his circle of competence. (Just wondering, can you be clever in so many areas?! :-) ) Soon, he was shouting, "BYE< BYE< BYE ...."

How to trust such eagle eyes? If only our Singaporean friend be less boastful, he might even be likeable, on some occasions. :-)