https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2017-08-21-story-h1451408710-TOP_10_OVERSOLD_STOCKS_TO_BUY_NOW_WHILE_STILL_VERY_CHEAP_Calvin_Tan_Res


Very good question.

>>>>>
Posted by calvintaneng > 1 hour ago | Report Abuse

Good question

Calvin =

cal as in call
Vin as in win

90% of market punters are losing monies

Calvin trying to help some from total loss and get saved
>>>>>>

My first post on TSH was highlighting the one off gain in the latest quarter results and how without this one off non recurring income, the company actually reported an operating loss.

The company has used this opportunity to write off losses, charges and impairments.

Yes, the next and subsequent quarterly accounts may look beautiful. However, be aware, its true accounts are not truly so transparent.

Of course, the hero of Netx, calvintaneng cannot be trusted to tell the truth, even given the facts. This should be obvious for those who had observed his mania in the Netx forum from 2019 to 2021.

The i3 forum is littered with so many of the hero of Netx, calvintaneng's promotions. Alas, a deeper look below the superficials, revealed a troubled being indeed. The hero of Netx, calvintaneng is a person who doesn't know that he doesn't know.

Some good advice for the hero of Netx, calvintaneng.

Here are a few pieces of advice for someone who has had difficulty with stock investing in the past:

Educate yourself: Learn as much as you can about the stock market and different types of investments. Understand the risks and potential rewards associated with different stocks and sectors.

Have a plan: Develop a strategy and stick to it. Decide on your risk tolerance, investment goals, and the types of stocks you want to invest in.

Diversify your portfolio: Don't put all your eggs in one basket. Spread your investments across different sectors and companies to reduce the risk of losing all your money if one stock performs poorly.

Keep a long-term perspective: Investing in the stock market is a long-term game. Don't make impulsive decisions based on short-term market fluctuations. Stay patient and stay the course.

Keep your emotions in check: Don't let fear or greed guide your investment decisions. Stick to your plan and don't let emotions cloud your judgement.

Be patient: Stocks can be volatile, so it may take some time before you see a return on your investment. Investing is a long-term process, so be patient and stay the course.

Use stop loss: ?

Have a proper risk management plan.

It's also important to remember that investing in the stock market comes with risk, and there's no guarantee of returns. It's important to only invest money that you can afford to lose.

Some good advice for the hero of Netx, calvintaneng.

Here are a few pieces of advice for someone who has had difficulty with stock investing in the past:

Educate yourself: Learn as much as you can about the stock market and different types of investments. Understand the risks and potential rewards associated with different stocks and sectors.

Have a plan: Develop a strategy and stick to it. Decide on your risk tolerance, investment goals, and the types of stocks you want to invest in.

Diversify your portfolio: Don't put all your eggs in one basket. Spread your investments across different sectors and companies to reduce the risk of losing all your money if one stock performs poorly.

Keep a long-term perspective: Investing in the stock market is a long-term game. Don't make impulsive decisions based on short-term market fluctuations. Stay patient and stay the course.

Keep your emotions in check: Don't let fear or greed guide your investment decisions. Stick to your plan and don't let emotions cloud your judgement.

Be patient: Stocks can be volatile, so it may take some time before you see a return on your investment. Investing is a long-term process, so be patient and stay the course.

Use stop loss: ?

Have a proper risk management plan.

It's also important to remember that investing in the stock market comes with risk, and there's no guarantee of returns. It's important to only invest money that you can afford to lose.

Some good advice for the hero of Netx, calvintaneng.

Here are a few pieces of advice for someone who has had difficulty with stock investing in the past:

Educate yourself: Learn as much as you can about the stock market and different types of investments. Understand the risks and potential rewards associated with different stocks and sectors.

Have a plan: Develop a strategy and stick to it. Decide on your risk tolerance, investment goals, and the types of stocks you want to invest in.

Diversify your portfolio: Don't put all your eggs in one basket. Spread your investments across different sectors and companies to reduce the risk of losing all your money if one stock performs poorly.

Keep a long-term perspective: Investing in the stock market is a long-term game. Don't make impulsive decisions based on short-term market fluctuations. Stay patient and stay the course.

Keep your emotions in check: Don't let fear or greed guide your investment decisions. Stick to your plan and don't let emotions cloud your judgement.

Be patient: Stocks can be volatile, so it may take some time before you see a return on your investment. Investing is a long-term process, so be patient and stay the course.

Use stop loss: ?

Have a proper risk management plan.

It's also important to remember that investing in the stock market comes with risk, and there's no guarantee of returns. It's important to only invest money that you can afford to lose.

Over the last 5 years (from 2017 to today), the changes in the share prices of these 3 stocks loved by the hero of Netx, calvintaneng, are as follows:

Dutaland - 54.1%
BPuri - 86.67%
BJCorp +1.52%


Dear calvintaneng,

Please learn from your mistakes. A fool is one who fails to learn from his mistakes and continues to do the same things hoping for different outcomes. An obvious lesson is a GRUESOME COMPANY CAN REMAIN GRUESOME FOR A VERY LONG TIME. Another is many lost money because they "fell in love" with the gruesome company at a time when it showed a temporary period of good fortune. More painful still is the opportunity costs of not investing in a great company that has delivered gains in the same period.

Regards
3iii

Over the last 5 years (from 2017 to today), the changes in the share prices of these 3 stocks loved by the hero of Netx, calvintaneng, are as follows:

Dutaland - 54.1%
BPuri - 86.67%
BJCorp +1.52%


Dear calvintaneng,

Please learn from your mistakes. A fool is one who fails to learn from his mistakes and continues to do the same things hoping for different outcomes. An obvious lesson is a GRUESOME COMPANY CAN REMAIN GRUESOME FOR A VERY LONG TIME. Another is many lost money because they "fell in love" with the gruesome company at a time when it showed a temporary period of good fortune. More painful still is the opportunity costs of not investing in a great company that has delivered gains in the same period.

Regards
3iii

>>>>>>
Posted by calvintaneng > 2017-08-22 18:22 | Report Abuse

A gruesome company over time may gradually turn good, and becomes a turnover stock.

Gruesome company like Dutaland, Bj Corp & Bpuri Will Turn Into

SUPER STOCK

SEE CALVIN HIT JACKPOT IN DUTALAND TODAY!!

WAHAHAHA!!!! WAHAHAHA!!!


WAHAHA!!!!

A RM750 MILLION CASH SHOWERS FALLING ON DUTALAND

SEVEN HUNDRED AND FIFITY MILLIONS RINGGIT FOR DUTALAND's PLANTATION LANDS IN SABAH!!

THIS TIME ALL SUPER SUPER KAYA LEOW!!!!


WUHUHUHU!!!

YEEEEEEEEEEEEEEEEEEEEEEEEEHAAAAAAAAAAAAAAAAAA!!!!!


HAHAHA!!!
22/08/2017 18:13
>>>>>>

Look at the share prices of these 3 counters recommended by the hero of Netx, calvintaneng in August 2017. Dutaland, BJCorp and BPuri have seen steady declines in their share prices from 2017 to now.

Those who pray to the hero of Netx, calvintaneng for guidance in stock, should be aware and be careful with their hard earned money.


https://klse.i3investor.com/web/forum/forum-thread/600130378

>>>>>>
Posted by calvintaneng > 2017-08-22 18:22 | Report Abuse

A gruesome company over time may gradually turn good, and becomes a turnover stock.

Gruesome company like Dutaland, Bj Corp & Bpuri Will Turn Into

SUPER STOCK

SEE CALVIN HIT JACKPOT IN DUTALAND TODAY!!

WAHAHAHA!!!! WAHAHAHA!!!


WAHAHA!!!!

A RM750 MILLION CASH SHOWERS FALLING ON DUTALAND

SEVEN HUNDRED AND FIFITY MILLIONS RINGGIT FOR DUTALAND's PLANTATION LANDS IN SABAH!!

THIS TIME ALL SUPER SUPER KAYA LEOW!!!!


WUHUHUHU!!!

YEEEEEEEEEEEEEEEEEEEEEEEEEHAAAAAAAAAAAAAAAAAA!!!!!


HAHAHA!!!
22/08/2017 18:13
>>>>>>

Look at the share price of these 3 counters recommended by the hero of Netx, calvintaneng in August 2017. Dutaland, BJCorp and BPuri have seen steady declines in their share prices from 2017 to now.

Those who pray to the hero of Netx, calvintaneng for guidance in stock, should be aware and be careful with their hard earned money.

Ill-informed investors: Those who invest without doing proper research or understanding the risks and fundamentals of a company or the market can make poor investment decisions and ultimately underperform.

Ill-informed investors: Those who invest without doing proper research or understanding the risks and fundamentals of a company or the market can make poor investment decisions and ultimately underperform.

It's important to note that investing in the stock market is not a surefire way to make money, and investors should always be prepared for the possibility of losses. It's important to have a well-defined investment strategy and to conduct thorough research before making any investment decisions.

It's important to note that investing in the stock market is not a surefire way to make money, and investors should always be prepared for the possibility of losses. It's important to have a well-defined investment strategy and to conduct thorough research before making any investment decisions.

Compounding is a powerful tool in investing, as it allows returns on an investment to generate their own returns in the future. The longer the time horizon for an investment, the more powerful the effects of compounding can be.

To capture the power of compounding, you can do the following:

Start early: The earlier you begin investing, the more time your money has to compound.

Invest regularly: Regularly investing, such as through a dollar-cost averaging strategy, can help you capture the power of compounding over time.

Invest for the long-term: The longer you stay invested, the more time your money has to compound.

Invest in assets that have the potential to grow: Investing in assets that have the potential to grow, such as stocks, can help increase the size of your investment over time, thereby increasing the power of compounding.

Avoid unnecessary fees and taxes: Any fees or taxes that you pay on your investments can reduce the power of compounding. So, it's important to keep them as low as possible.

It's important to remember that compounding is a slow and steady process and the power of compounding is more pronounced over a long time horizon. It's important to have a long-term perspective when investing and not to get swayed by short-term market movements.

In this company, study its balance sheet. All liabilities are accepted as face values. All assets need to be discounted.

Can it service the interests of its huge debts? Also, we are in the era of rising interest rate.

In liquidation, shareholders are the lowest in the pecking order. In my opeinion, the shareholders' equity in this company is already negative.

simple :

risk: liquidation. shareholders lose everything. share price 0 sen

reward: a greater fool appears. SD is priced xxx.

Yes, the accounts were qualified by the auditors. Due to strong cables, the issues dragged on. The fine by the court was not commensurate with the gravity of the issues. The top person in SC resigned, applaudable, though he had to make a personal sacrifice.

Just like Transmile, the thing to do is to sell the stock as soon as this issue first appeared.

SS LeeYou are right.

By breakdown, Sia listed under assets an unverified property, plant and equipment of RM1.99 billion, unverified inventories of RM1.59 billion, as well as unverified trade and other receivables of RM1.59 billion.

Auditor finds Serba Dinamik has unverified assets, liabilities, revenue and expenses totalling over RM12 bil

savemalaysia
Publish date: Sat, 14 Jan 2023, 08:35 AM
KUALA LUMPUR (Jan 13): Serba Dinamik Holdings Bhd has unverified assets, liabilities, revenue and expenses amounting to RM12.43 billion, according to accountant Jason Sia Sze Wan from Nexia SSY PLT, the group's external auditor.

“We were unable to obtain sufficient appropriate audit evidence about whether any adjustments might have been necessary in the group’s and the company’s financial statements,” Sia stated in the independent auditors’ report to the members of Serba Dinamik dated Jan 5, 2023 that is included in the group’s 2022 annual report.

“In addition, we were unable to conclude that the carrying amounts of the above items are fairly stated in the financial statements,” he said referring to Serba Dinamik’s statements of financial position as at June 30, 2022 (FY2022).

By breakdown, Sia listed under assets an unverified property, plant and equipment of RM1.99 billion, unverified inventories of RM1.59 billion, as well as unverified trade and other receivables of RM1.59 billion.

Under liabilities, there is an unverified trade and other payables amounting to RM639.56 million, as well as unverified loans and borrowings totalling RM3.65 billion.

He also indicated RM1.35 billion of unverified revenue and RM1.62 billion of unverified cost of contracts with customers.

“We do not express an opinion on the accompanying financial statements of the group and of the company,” Sia said.

Serba Dinamik finally submitted its 2022 annual report to Bursa Malaysia Securities Bhd on Thursday after much delay since Oct 31, 2022.

When Serba Dinamik failed to meet the Oct 31, 2022 deadline, the financially-distressed oil and gas services provider said it faced challenges for the completion of the audit by the external auditors due to lack of personnel arising from the resignation of many staff across the organisation, including its chief financial officer and the financial controller in September 2022.

Serba Dinamik said the company's finance team had to also adapt to new work processes in facilitating the interim liquidator and his team in carrying out their duties in managing the company's financial and operational affairs.

In addition, the company said there was a delay in finalising the responsibility of the audit fees and other incidental obligations.

Moving forward, the management team said it will focus on the company’s financial health and is looking into formulating a plan to regularise its financial condition in approximately one month.

After a three-week suspension, the trading of Serba Dinamik’s shares resumed on Friday, as the stock doubled from its all-time low of one sen to two sen. The counter was the most active on Bursa with 371.05 million shares traded.

However, it should be noted that the trading of Serba Dinamik’s shares will be suspended again next Wednesday (Jan 18) until further notice, as the court had granted a winding-up order against the company.

Read more:

Serba Dinamik finally submits its 2022 annual report after much delay



https://www.theedgemarkets.com/node/651734

>>>
Bradar

I am not looking at their accounting numbers. SD might hv a backup story. A good one. If not no one will dare to sign off their AR reports. A limited risk stock now. Buy for a positive hope... hehehe.
>>>>


Interesting comment.

A fool and his money soon go their separate ways.

Total Accounts Receivable 2,123
Inventories 1,620
Net Property, Plant & Equipment 2,399


Total Liabilities 4,690
Common Equity (Total) 1,818



When valuing a business for liquidation, most assets are marked down and the liabilities treated at face value.

Total Accounts Receivable 1600 (25% discount of 2,123, less about 500m)
Inventories 810 (50% discount of 1,620, less about 800m)
Net Property, Plant & Equipment 1,200 (50% discount of 2,399, less about 1,200m)


Total Liabilities 4,690
Common Equity (Total) NEGATIVE [1,818 less (500m + 800m + 1,200m) = - 700m]

Fiscal year is July-June. All values MYR Millions. 30-Sep-2022
Cash & Short Term Investments 36
ST Debt & Current Portion LT Debt 2,562
Long-Term Debt 1,205

Total Accounts Receivable 2,123
Inventories 1,620
Accounts Payable 718

Total Current Assets 3,897
Total Current Liabilities 3,424
Current Ratio 1.14
Quick Ratio 0.66
Cash Ratio 0.01

Total Liabilities 4,690
Common Equity (Total) 1,818

Net Property, Plant & Equipment 2,399
Total Assets 6,511
Total Shareholders' Equity / Total Assets 27.92%

==============



Asset valuation approach in liquidation

Liquidation

Liquidation value is the net realizable amount that could be generated by selling a company’s assets and discharging all its liabilities.

When valuing a business for liquidation, most assets are marked down and the liabilities treated at face value.

Cash and securities are taken at face value.
Receivables require a small discount (perhaps 15 percent to 25 percent off).
Inventory a larger discount (perhaps 50 percent to 75 percent off).
Fixed assets at least as much as inventory.
Any goodwill should probably be ignored.
Most intangible assets and prepaid expenses should be ignored.
The residual is the shareholders’ take.

This valuation method is useful for companies being dissolved.

It doesn’t consider value arising from deploying the resources in combination. It is thus of limited use for valuing businesses as going concerns.

Debt hierarchy

Senior securities (debts) are first in priority, and unless they are fully or almost fully repaid, junior classes (equities) are unlikely to receive significant value.

Investing in the stocks or junior securities can provide spectacular returns but can also prove disastrous. These securities often serve as out-of-the-money option - effectively, bets - on an improvement in operating results or an increase in value.


[ Latexx: this company had a lot of debt and was restructured. Among the shareholders, a brother bought out the other brothers' shares. The debts were restructured into equities and for these, the lenders got a lot of very cheap warrants. Due to the favourable turnaround in its business post-2008, when the production capacity of the glove sector as a whole was insufficient and business was very good, its business made a turnaround and it generated significant profits. Its shares and particularly, its warrants gave huge returns to those who were holding these. I was lucky too, owning this before the huge rise. Got to know this stock at that time, through scuttlebutt. ]

Fiscal year is July-June. All values MYR Millions. 30-Sep-2022
Cash & Short Term Investments 36
ST Debt & Current Portion LT Debt 2,562
Long-Term Debt 1,205

Total Accounts Receivable 2,123
Inventories 1,620
Accounts Payable 718

Total Current Assets 3,897
Total Current Liabilities 3,424
Current Ratio 1.14
Quick Ratio 0.66
Cash Ratio 0.01

Total Liabilities 4,690
Common Equity (Total) 1,818

Net Property, Plant & Equipment 2,399
Total Assets 6,511
Total Shareholders' Equity / Total Assets 27.92%

SERBADK Financial Information
Market Capital (RM)
: 74.54m
Number of Share
: 3.727b
EPS (cent)
: -31.04 *
P/E Ratio
: -
ROE (%)
: -63.35
TTM Profit Margin (%)
: -150.9
CAGR - Revenue (%)
: -
CAGR - PAT (%)
: -

Dividend (cent)
: 0.000
Dividend Yield (%)
: 0.00
Dividend Policy (%)
: Member Only
NTA (RM)
: 0.490
P/B Ratio
: 0.04

The common stock of bankrupt companies frequently trades considerably above its reorganization value, which is often close to ZERO. While there may be an occasional home run, as a rule investors should AVOID the common stock of bankrupt entities at VIRTUALLY ANY PRICE; the risks are great and the returns very uncertain. Unsophisticated investors have lost a great deal of money buying the overpriced common stock of bankrupt companies, even after the unfavourable terms of the reorganization plan have been widely disseminated.

It is worth remembering that restructurings and bankruptcy reorganizations are negotiated processes.

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2017-08-21-story-h1451408710-TOP_10_OVERSOLD_STOCKS_TO_BUY_NOW_WHILE_STILL_VERY_CHEAP_Calvin_Tan_Res

https://klse.i3investor.com/web/cube/blog/blposts/www.eaglevisioninvest.com/calvintaneng?pub=N

The hero of Ñetx, calvintaneng or should he be elevated to the god of Netx. :-)

300 followers subscribing to his push contents. Hilarious that the hero of Netx is so elated over this.

It is obvious, the hero of Netx, calvintaneng isvery short term focus. Nothing has come out of his recommendations, on an aggregate basics. This is to be expected.

More worrying, of the 10 stocks he deemed bargains and which the hero of Netx, calvintaneng proudly shared with his followers, here were the outcomes five years later. Two were winners. Eight were losers; seven of these eight stocks lost more than 40% from the hero of Netx, calvintaneng's market prices at time of his recommendations.

What conclusions can we derive from these?

1.
2.
3.
4.
5.
6.
7.
.
.
.

Shell was a company I owned for many years. It was a "blue chip" with regular dividends. Lucky to sell it off around RM 12.00 during a period of exuberance in its share price.

I follow a very simple rule: QMV

Quality Look at the quality of the business
Management Look at the management: most important criteria is integrity

and then, only then,

Valuation: Look at its valuation.

As an investor, you do not have to swing at every offer.
Also, if you have bought, you can always walk away.

It must be "tiring" for Philip watching his investments grow, it must be equally "tiring" for SSLee watching his investments intensely all the time; with one issue cropping up after another. I would rather be Philip than SSLee. :-)



.

When it comes to bad businesses, I must know that it is a bad investment however attractive the valuation may seem. I love how Charlie Munger explains that – “a piece of turd in a bowl of raisins is still a piece of turd”…and…“there is no greater fool than yourself, and you are the easiest person to fool.”

Checklist for Buying Good Companies at Reasonable Prices

Here is a summary of the questions an investor should ask for investing in good companies at fair prices.


Questions 1 - 19: Focus on the areas of the business.

Business Nature
1. Do I understand the business?
2. What is the economic moat that protects the company so it can sell the same or a similar product five or ten years from today?
3. Is this a fast-changing industry?
4. Does the company have a diversified customer base?
5. Is this an asset-light business?
6. Is it a cyclical business?
7. Does the company still have room to grow?

Business Performance
8. Has the company been consistently profitable over the past ten years, through good times and bad?
9. Does the company have a stable double-digit operating margin?
10. Does the company have a higher margin than competitors?
11. Does the company have a return on investment capital of 15% or higher over the past decade?
12. Has the company been consistently growing its revenue and earnings at double digits?

Business Financial Strength
13. Does the company have a strong balance sheet?

Business Management
14. Do company executives own decent shares of stock of the company?
15. How are the executives paid compared with other similarly sized companies?
16. Are insiders buying?

Business Valuation
17. Is the stock valuation reasonable as measured by intrinsic value, or P/E ratio?
18. How is the current valuation relative to historical range?
19. How did the company's stock price fare during the previous recessions?


Question 20: Confidence in Your Business Analysis or Research

20. How much confidence do I have in my research?




The final question centers on how you feel about your research. Though it is not directly related to the company, your own analysis is a vital consideration. It determines your action once the stock suddenly drops 50% after you buy.

That same 50% drop can trigger opposing actions depending on your level of confidence.

If you are assured in your research, the 50% drop in price is a great opportunity to buy more of the stock at half the price.
If you don't have confidence, you will likely be scared into selling at a 50% loss.

It will happen after you buy the stock and, paradoxically, it happens only after you buy. So, get prepared!


The checkup questions are based on the company's financial data. None of them should replace your work of understanding the business and learning about its products, its customers, its suppliers, its competitors, and the people who work in the company. The warning signs serve as reminders of where you are. They are not meant to substitute for understanding. If we paid attention only to the numbers and signs and ignore the business itself, understanding of the company business is incomplete.

If we gain a solid understanding of the business, these numbers and signs will help us to appreciate where we are and where we are probably going. If business understanding is qualitative and the numbers are quantitative, both are needed to gain the confidence we need for our research.

The checklist is a useful tool for investors to maintain discipline in their stock picking.

Investor's Checklist: Asset Management

Look for diversity in asset management companies. Firms that manage a number of asset classes - such as stocks, bonds, and hedge funds - are more stable during market gyrations. One-hit wonders are much more volatile and are subject to wild swings.

Keep an eye on asset growth. Make sure an asset manager is successful in consistently bringing in inflows greater than outflows.

Look for money managers with attractive niche markets, such as tax-managed funds or international investing.

Sticky assets add stability. Look for firms with a high percentage of stable assets, such as institutional money managers or fund firms who specialize in retirement savings.

Bigger is often better. Firms with more assets, longer track records, and multiple asset classes have much more to offer finicky customers.

Look for management teams committed to building shareholder value. These teams often have significant personal wealth invested in the businesses they run.

Investor's Checklist: Insurance

Be wary of any insurance firm that grows faster than the industry average (unless the growth can be explained by acquisitions).

One of the best ways to protect against investment risk in the life insurance world is to consider companies with diversified revenue bases. Some products, such as variable annuities, have exhibited a good degree of cyclicality.

Look for life insurers with high credit ratings (AA) and a consistent ability to realise ROEs above their cost of capital.

Seek out property/casualty insurers who consistently achieve ROEs above 15 percent. This is a good indication of underwriting discipline and cost control.

Avoid insurers who take repeated reserving charges. This often indicates pricing below cost or deteriorating cost inflation.

Investor's Checklist: Banks

The business model of banks can be summed up as the management of three types of risk: credit, liquidity, and interest rate.

Investors should focus on conservatively run institutions. They should seek out firms that hold large equity bases relative to competitors and provision conservatively for future loan losses

Different components of banks' income statements can show volatile swings depending on a number of factors such as the interest rate and credit environment. However, well-run banks should generally show steady net income growth through varying environments. Investors are well served to seek out firms with a good track record.

Well-run banks focus heavily on matching the duration of assets with the duration of liabilities. For instance, banks should fund long-term loans with liabilities such as long-term debt or deposits, not short-term funding. Avoid lenders that don't.

Banks have numerous competitive advantages. They can borrow money at rates lower than even the federal government. There are large economies of scale in this business derived from having an established distribution network. the capital-intensive nature of banking deters new competitors. Customer-switching costs are high, and there are limited barriers to exit money-losing endeavors.

Investors should seek out banks with a strong equity base, consistently solid ROEs and ROAs, and an ability to grow revenues at a steady pace.


Comparing similar banks on a price-to-book measure can be a good way to make sure you're not overpaying for a bank stock.

With over 70% of PPB earnings coming from Wilmar, you’re basically taking a view on Wilmar rather than PPB

Public Bank remains strong and resilient. Its business is an oligopoly, and well managed. There is growth and the profit margins are maintained high, costs are efficiently controlled. Lending are conservative and have been sound, impairment and provision for losses low. The transition from Teh Hong Piow to his lieutenant has been occurring over many years already and the transition has been seemless.

LPI is a well managed insurance company. It enjoys some pass over business from PBB. Insurance sector is now openly competitive. It is in a more competitive sector than PBB. Knowing this is important.

Robert Kuok is approaching a 100. He has already restructured his companies into able hands. A particular nephew seems apt in handling his empire. Likewise, those invested into his company, can derive comfort that his listed companies are in good hands.

Each year, my portfolio throws up dividends. These add up to a good sum yearly. Ever since I own a portfolio of stock, I have always reinvested these dividends back into the stock market.

Will I ever need to spend some of these dividends in the future? Probably, low probability. I am in a happy situation for now.

The US market has rallied a bit since the start of 2023.

Is this a new bull? Or is this a bear rally, to fizzle out after a few weeks or couple of months?

In any event, a value investor, seeks out good businesses to invests regularly and also believe in dollar cost averaging. Market timing is a fool's game.

Whether it is a new bull or a bear's rally, the value investor looks at the value of the company and when he can gets it at a good price (discount and margin of safety), he invests his hard earned money into it for the long term.

BARGAINS MUST ALSO SATISFY OTHER CONDITIONS.

Just because a stock sells at or below its net asset value does not warrant that it is a sound purchase.

In addition to below market values, the investor also must demand
- a strong financial position,
- a satisfactory p/e ratio, and
- an assurance that the firm’s earnings will be sustained over the years.

This is not an entirely difficult bill to fill except under dangerously high market conditions.

However, the investor will forgo the most brilliant, high growth prospects.


https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2017-08-21-story-h1451408710-TOP_10_OVERSOLD_STOCKS_TO_BUY_NOW_WHILE_STILL_VERY_CHEAP_Calvin_Tan_Res

A RM 139 priced stock is actually fair value (eg. NESTLE, yet a 1 sen stock can be extremely overvalued (eg. NETX.

Because the hero of NETX, calvintaneng, fails and refuses to learn from his mistakes, he continued and will continues to repeat the same mistakes again and again. Of the 10 deeply undervalued stocks that the hero of NETX, calvintaneng, asked to buy, 8 lost in value over a 5 years period and 7 of these 8 by at least 40% or more. The inability to sit still and to wait for the sweet deal to appear, are among the behavioural problems of the hero of NETX, calvintaneng too. (Just my opinions)

>>>>
Posted by Mikecyc > 43 seconds ago | Report Abuse

Haha why need to Kon to earn money leh … use what what Sifut some more leh … hahahaha
>>>>


Do you think all the stock promotions by the hero of NETX, calvintaneng are altruistic acts to help the i3 forum participants? :-)

Neoh Soon Keong in his Stock Performance Guide in the printed form of past years has always mentioned that iCap closed end fund's return in the long run can expect to follow that of the market return.

iCAP did deliver alpha in its first few years of listing, soon after, the return has been that of the market return. Given the commissions and fees, investors into any funds should not expect any better. Many funds will underperform the market.

TSH (OP, TP: RM1.35)
Source: Kenanga Research - 11 Jan 2023

The secret to successful investing is to figure out the value of something and then - pay a lot less.

You will demand a margin of safety to protect you from losses due to imprecise (intrinsic value calculation), error or bad luck.

If you demand a 30% or 50% margin of safety on the target price by Kenanga, what will be your buying prices?

At what price will you sell?

Within the sector, we prefer those with the
- ability to expand upstream such as KLK (OP, TP: RM25.50).
- TSH (OP, TP: RM1.35) has recapitalised substantially and is proceeding to expand its planted area from 40k ha to 60k ha while
- for investors prioritising yields, HSPLNT (OP, TP: RM2.50) looks attractive.



As for the recommendations by the analysts, these are often buy recommendations and the target price often too optimistic. Therefore, usually I would not accept their buy or sell recommendations at face value and will generally do my own assessments and valuations.

Within the sector, we prefer those with the ability to expand upstream such as KLK (OP, TP: RM25.50).

It means KLK has the ability to grow organically. But given its already huge acreage, growth in % terms cannot be a big number. Slow growth at best.

TSH (OP, TP: RM1.35) has recapitalised substantially.
Yes, selling assets to raise cash to pay down debt, distribute as dividends and for working capital. What about growth?


How to expect increase in share price without growth in company's earnings? Ask the hero of NETX.


Anyway, as for future growth prospects, the analyst report is well worth reading but usually read these more critically. Some degree of subjectivity.

Maintain NEUTRAL. The sector offers highly defensive qualities, from resilient food and fuel driven demand to asset-rich NTA and undemanding valuations.

Asset rich.
Undemanding valuation.
Defensive counters.

margins are facing pressures from rising labour, fertiliser and transportation costs against easier palm oil prices.

rising cost from labour, fertilisers and transportation
easier palm oil prices


The analyst report usually gives good information on the businesses of the sector, and these are well worth understanding.

Recommendation: Maintain NEUTRAL. The sector offers highly defensive qualities, from resilient food and fuel driven demand to asset-rich NTA and undemanding valuations but margins are facing pressures from rising labour, fertiliser and transportation costs against easier palm oil prices. Within the sector, we prefer those with the ability to expand upstream such as KLK (OP, TP: RM25.50). TSH (OP, TP: RM1.35) has recapitalised substantially and is proceeding to expand its planted area from 40k ha to 60k ha while for investors prioritising yields, HSPLNT (OP, TP: RM2.50) looks attractive.

Source: Kenanga Research - 11 Jan 2023
https://klse.i3investor.com/web/pricetarget/research/65906

Insider purchases and sales noteworthy milestones but no road map to investing success.

You're building a mosaic to decide whether you want to be invested in a company, this is just one piece of the puzzle.

But be careful before you follow in a CEO's footsteps. Knowing how much stock to put into an insider's actions, literally and figuratively, is a tricky business.

The most important aspect that the lay investor should keep in mind is that it is a first screen. Despite that caveat, though, "it's the best one that I know of".

When you see an executive put large sums of money on the line, clearly that's a signal that he feels very confident, but that doesn't necessarily mean that the stock's going to go up.

Some insider buying maybe just simply window dressing or a statement to investors.

It's possible that smaller purchases could be aimed largely at drumming up more buying.

They may hope that the publicity of their having bought will have a positive effect on the direction of the market price.