Choivo Capital

Rotijon | Joined since 2013-03-05

Investing Experience Beginner
Risk Profile Low

https://choivocapital.com/

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News & Blogs

2018-08-25 11:50 | Report Abuse

The thing I really learnt from him,

Was how he knew so clearly he was gambling not investing.

I mean, he was willing to miss out on the big money for the easy money.

He was willing to sell on the way up, and not feel bad, if he should have kept it and sell at top.

Very very interesting.

Most traders probably lose money until siao to people like him.

I play poker, and well, it's skill based gambling. Hahaha.

In the end, trading is speculating intelligently where the price will be. And well, its definitely very different from investing.

I was wondering if I should open a trade account to practice. But aih, fuck it, looking at chart damn sien, just focus 100% in investing. Much easier and more interesting.


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Ayoyo Thanks Jon for the inspiring article.... Contrary to what most people think, there are successful traders around.. And their success is much less about technical capabilities than it is about having a plan and sticking steadfastly to it...

I trade for a living and have been very profitable and I can vouch that making 100% returns pa is not far fetched if you know what you are doing... Unless a speculator has the conviction of milking the wave for months ahead by holding positions, , traders seldom get the multi baggers because trading short term is essentially, taking food off the shark's mouth... Take too large a position and the syndicates have a repertoire of tricks to rattle and roll your emotions in the short term (you can only trade very largely during a bull run)

But To compensate for modest position sizing and returns per trade, you have the peace of mind of holding minimal positions and are usually, high in cash..

Of the recent 4 years, this year had been the poorest record for me..even then, it's at Around 80% returns so far, with 80% cash holdings .. I had an exceptional return last month but a very modest profit or even a small loss this month... Earnings season is bad for trading from my experience..

However, I don't regard trading as gambling... Gambling is where the result depended entirely on chance and cannot be replicated with a any degree of consistency.. Trading is just like any business, you buy a product for resale... Some of your stocks will sell well, some won't (and you lose some money)... Your acumen is in selecting and peddling the right products which in your opinion will be resale-able to your customers for a profit... That is the fundamental of all business

News & Blogs

2018-08-25 11:43 | Report Abuse

Risk is not volatility.

Risk adjusted for me means retard adjusted.


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Patron ROI is nonsense. tell me more about your 10 years average risk adjusted ROI.
25/08/2018 11:03

News & Blogs

2018-08-25 11:42 | Report Abuse

I don't think I can ever hit 500% in a year. I really dont know how to do it.

Maybe if I buy options at certain times when black Swan events happen, and I time correctly.

But really when I saw, I really dumbfounded.

News & Blogs

2018-08-25 11:41 | Report Abuse

Alex and CharlesT,

Yes, I charge 5k, if you want my research in a Rcecap.

I said time and time again. Why should I give out free picks? I like my picks, and as a long term buyer of stocks, I prefer a lower price.

Why should I raise my cost by trying to get people to buy?

I particularly like rcecap. So I will charge alot for that Company. If you're not my investor, or we aren't friends and I didn't discuss my position with you.

A friend has more than 250k in that, and built the position at less than rm1.3 after I explained to him. You tell me worth it boh? Even my cost also not that low.

Otb makes alot more than 5k. I am certain he makes at around 1.5 to 2mil a year from fees.

If I didn't charge 5k, that would be logically inconsistent.

News & Blogs

2018-08-25 11:35 | Report Abuse

I notice alot here try to calculate out he got the 500%.

Heres the thing. He did not keep track.

I just looked at the deposits, realize gains and portfolio size today. And he definitely had 750k at the end, and put less than 100k in total.

Now, naturally, he may have push the figures abit higher. But I dont see a point in finding the exact figure, when out performance is so obvious.

We tend to speak a little before the big trades, and he definitely whack alot ekovest early of the year and sold near top, hengyuan near bottom sold at 9, muda 1.75 buy, sold at 2.1 before result and limit down, penta, 2.3, sold at 3.1. Mi equipment, 1.7, sold at 2.1.

In terms of his reads, he's really damn bloody good. I wish I was as good, or that I could find it within myself to follow.

Stock

2018-08-24 17:13 | Report Abuse

Hng33,

You really make me laugh lah some times.

I wish i was your remisier really.

You know, ill bet money with you now.

Your remisier made more money from you in fees than you in the market. This is from the day you buy your first share to today.

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Stock: [PRESBHD]: PRESTARIANG BERHAD

Jul 23, 2018 10:54 AM | Report Abuse

buyback prestariang at 1.05, aim for higher target price


Stock: [PRESBHD]: PRESTARIANG BERHAD

Jul 23, 2018 09:53 AM | Report Abuse

sell on strength at 1.05

Stock

2018-08-24 17:06 | Report Abuse

Do you remember your BS with SAPRNG?

You all in so many time on the way down with all margin line, i dont know how you're still around here. People from mars pass to you money, or you're really just bullshitting around about all in?

Same analysis, same kind of thinking. You sure you shouldn't take all money out put in FD ah?

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Posted by hng33 > Aug 24, 2018 05:00 PM | Report Abuse

Trend reversal, q result will including balance land disposal which completed sold on last April and profit about 25-30m to recognized in upcoming q2 result, release on 28 august.

Stock

2018-08-24 17:03 | Report Abuse

Kepala Buto.

Why you using your BRIM to buy? Dahlah B40, still dare gamble in stock market.

Kalau tak margin, jual semua, pergi beli nasi untuk keluarga.

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Posted by Undi_PKR > Aug 24, 2018 05:01 PM | Report Abuse

GE 14 I voted KR not PH. Can ask reelection? Like BN is better. As least more BRIM assured. No add BRIM how to buy RI?

Stock

2018-08-24 17:01 | Report Abuse

Logic is simple. RI or bankrupt.

You saw the RM1.5bil current borrowing turn to RM5.5bil last quarter anot? They got RM1.4bil in cash.

Bank all dont want borrow money d. Sharil use his shares as collateral when refinancing RM16bil, his shares might as well be zero now to the bank.

Where to find 4 billion? From you loh!

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Posted by Sinoboy > Aug 24, 2018 04:59 PM | Report Abuse

I am still in shock. A real whammy from the CEO. No logic for such a low ri price...

Stock

2018-08-24 16:58 | Report Abuse

Are you retarded?

APPLE is 18 PE. What is the characteristic of this company that is so good, that it should be PE 15?

Tropicana is 6, OSK is 7. Sunway is 11.

You drunk ah? Cut loss lah. Trader and gambler mistaking himself for investor. Your sizing and thinking completely wrong.

Siao one.

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Posted by Ananas > Aug 24, 2018 04:26 PM | Report Abuse

good fundamental . fair EPS should be 19sen P.A x PE 15 = rm2.8. 19sen is without insurance compensation.

Stock

2018-08-24 16:55 | Report Abuse

There is the debt.

And this is a temporary boon, not permanent. You see how palm oil go from 2.3k to 3k plus per ton to 2k per ton today. All in less than one and a half year.

Using that as a proxy for profitability, do you think the company is then worth RM230 million, to RM300 million to RM200 million and all in a year?

No what, there is a certain intrinsic value for each company that is independent of all these macro factors.

As a whole this business is very very very hard to say if its a good one. The only one who wins in a cost based business, is the lowest cost producer.

China can ship over more steel, yes its more expensive there a few months back, but china is restarting the factories. They dont want any more default in bond market.

Also, there is the demand for long bar.

Are you really sure you are at low end of cycle or high end of cycle now? I think you were near the high end of the cycle, and after the cancellation, its coming down.

The below research, is the exact same one you did for hengyuan. We can all see what happened there.

Good luck, i hope you're right.


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Posted by Ooi Teik Bee > Aug 24, 2018 03:58 PM | Report Abuse

Annual production of steel bar by Masteel = 650,000 ton
Assume the cost of production = RM 2,000
Average price of steel bar price = RM 2,450 (lowest Miti price)
Annual gross profit = 450 * 650,000 = RM 292.5 Million
Less operating and finance expenses = RM 60 Million
Annual net profit = RM 232.5 Million
Total number of shares = 427.2 Million
EPS = 0.54
Share price today = 0.71
PER = 1.31

Please check my calculation, is there any mistake ?
I do not understand why the share price is so low.
I have this question in my mind for many months because I cannot tally the number.
Is the management hide the net profit ?
I will write to the management to find out the answer.
If no good answer, I will take further step forward.

Thank you.
Ooi

Stock

2018-08-24 16:48 | Report Abuse

Why are they naive.

If they said it yesterday night, would you be averaging down, or would you be the naive sellers?
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Posted by Speedy Boy > Aug 24, 2018 04:47 PM | Report Abuse

I walloped just now! Luckily i sold all at 60 cents this morning! Just a panic selling from naive sellers!

Stock

2018-08-24 16:47 | Report Abuse

Haha 2% position only. Im ok. I planning to buy more, its just i haven't eat the NH food JV "Nippon Premium" Karaage chicken.

I need to know the taste before i buy. Its quite key to my thesis and understanding of this company and my investment.
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Posted by Alex™ > Aug 24, 2018 04:35 PM | Report Abuse

hehe ah jon. sorry u lost money this counter. life is already tough.

News & Blogs

2018-08-24 16:45 | Report Abuse

Hahahahahaha

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Posted by Alex™ > Aug 24, 2018 04:35 PM | Report Abuse

u pay me 5k, I tell u answer

Stock

2018-08-24 16:44 | Report Abuse

Would you have considered what happened this afternoon drastic and unpredictable this morning as well?

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Posted by apolloang > Aug 24, 2018 04:41 PM | Report Abuse

mon surely cannot 30cts,maybe can down but cannot so drastic

Stock

2018-08-24 16:42 | Report Abuse

One of my close friends bought saprng. And i laughed at him.

And he laughed at my small purchase of hengyuan at RM14.3 on the way down hahahaha.

Maybe its wrong, but for most of the people here in this forum. Its best to rub salt in the wound.

They are better off never touching the market again and putting it in FD.

If you lost in SAPRNG or the market, and your worry is some guy laughing at you in the forum. You really need to get out of the stock market forever.

You might not have not read what i wrote about "probability" when HY dropped to RM6. "probability", the guy then proceeds to buy MUDA, i said my piece, and he called me an idiot. We can see how that is working out now.

Some just can't be saved.

Having said that, i do concede its assholery and weird rationalization on my end.

Well, its a little bit of fun and i am a bit of an ass.

For the record, i also don't have much money. For my age maybe, but compared to most of the "sifu" here, i'm very close to the smallest haha.

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Posted by 10212264665705646 > Aug 24, 2018 04:25 PM | Report Abuse

Jon Choivo, honestly thought you were a reasonable guy with the articles you wrote. Seeing your comments prying on people at the other side of the coin really makes you no better than the douches of keyboard warriors, they say money can't buy class. You're exactly that kind

Stock

2018-08-24 16:34 | Report Abuse

Hahahahahahahahahaha

I am a warrant holder and am a little in the red. But this made me laugh out loud seriously hahahaha.

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Posted by Alex™ > Aug 24, 2018 04:31 PM | Report Abuse

too long didn't read version

Aduan:
Saya nak buat aduan kerana ada orang buat saya punya layhong sekian

Stock

2018-08-24 16:18 | Report Abuse

You drunk on pain ah?




Posted by Sniper S > Aug 24, 2018 04:13 PM | Report Abuse

Don't know what is the panic about? Sapura has good fundamental.

Stock

2018-08-24 16:17 | Report Abuse

I dont know yer, need to study more.

The fact icon8888 is still in, make me think i better study more.

But the margin of safety is non existent to me right now, given what i know (which could be nothing, or is damn close to nothing).

Stock

2018-08-24 16:11 | Report Abuse

His ass burn long time ago. Run and never look back d.



Posted by smartly > Aug 24, 2018 04:09 PM | Report Abuse

hng33, did you cut loss ?

Stock

2018-08-24 16:07 | Report Abuse

Bet you guys wish you bought plenitude.

Hahahahahahaahahahaha

Stock

2018-08-24 15:48 | Report Abuse

Its either RI or bankrupt.
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Posted by BetorInvest > Aug 24, 2018 03:45 PM | Report Abuse

Is it possible the institutional share holders such as EPF, KWAP can vote for disagree on the EGM? which they might propose for lesser unit Right but with higher value, since they are holding billions of unit.

Stock

2018-08-24 15:38 | Report Abuse

I definitely did not consider them doing a cash call, same with wcebhd.

Thank god i dont own these shares though.

Stock

2018-08-24 09:51 | Report Abuse

Good FA? Are you stupid or delusional?


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Posted by Maurice1688 > Aug 24, 2018 09:50 AM | Report Abuse

no idea why gg, but good FA company

News & Blogs

2018-08-24 09:49 | Report Abuse

I know two things.

This quarter will be less profit than the last. Due to feed cost increase.

This does not factor into the long term economic characteristics of the company at all.

Having said that, i bought a small 2% position in the warrants at 0.32. And i am open to topping up when the results come out and it potentially falls.

News & Blogs

2018-08-24 09:45 | Report Abuse

In 2008, the short interest in Wells Fargo was at an all time high. The company had the highes percentage of housing loans in it loan books among the bank. Only second to Fannie Mae and Fannie Mac (Both of which had the federal guarantee, which wells fargo did not).

People thought the company was going bankrupt.

Only one person (well 2 actually) stood his ground, and bought in like crazy as prices fell. Its Warren Buffet and his partner Charlie Munger.

While he was giving a speech to students during the crisis, the students forced him to tell them one company to buy. Warren Buffet relented, and asked "What is the price of Wells fargo now?"

The students said "About 7 per share".

Warren replied: "If i could choose one company to put all my money into today, that would not be a bad choice."

Short term, price can go anywhere. Long term, it will meet its intrinsic value.

What is the intrinsic value? You need to find out. Short term price movements will not tell you.

News & Blogs

2018-08-24 09:40 | Report Abuse

Henry kissenger, the very illustrious former secretary of state for the US, was on the Board of Directors for Theranos, the now defunct company that was built on a scam.

His nephew worked for the company, and found out it was a scam, and reported it to the media.

Henry did not believe him and helped the company fire him.

I don't care who is the director, i need to be able to understand and see the future profitability and cashflow clearly.

There is no need for personal attacks. Just show the facts, figures and logic. If its right, its likely to be obvious, then you dont need to say anything more. People one look see know you right. I also can go buy some shares.
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Posted by PotentialGhost > Aug 24, 2018 09:31 AM | Report Abuse

Even I I dont like jaks , but I laughing this author what he write , do you think Cpecc idiot? Do you think jaks manager idiot more than you ? Do you think your ?do you think your? This Jon choivo is so arrogant . This idiot one day would pokai in lokang believe me , mark my word.

Stock

2018-08-24 01:32 | Report Abuse

It's called an educated guess ;)

A: That handbag in the cupboard over there is secondhand hermes. I. Selling for just rm5k.
B: Really?! That's interesting. Where did you get it from, may I look at the old receipt, full packaging etc?
A: Cannot, pnc, you can only buy now and trust me.
B: OK, how do I know what's its really worth?
A: Go check other shop, they sell at least 30k.
B: wah I damn tempted, how do I know its real?
A: I let you stand 10 meter away to look, and then you go see and compare with other shop.
B: wah, you drive a hard bargain. OK, how do I know I can trust you?
A: Well, I am honest man now, sell only real thing at cheap price. But do note I have a track record of selling fake thing and lying now and then ober the past 17 years, but I promise you I'm completely different,now.
B: well..... 5k might be a bit to expensive for me to take a bet, how about 1.5k

:)

The nature of metaphors is that they are only a rough representation of the situation. And is not exact. But I think you get what I mean.

You do not need to convince me. The question is whether you ca convince yourself. It's your money on the line.

Don't tell me the questions I asked you never even consider? If you can answer it to yourself honestly and satisfactorily, who cares what I say.

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Posted by Nikmon > Aug 23, 2018 11:18 PM | Report Abuse

wah, the comments so long, but fact and assumption also confuse, information like loan rate never disclose by nether parties, but someone claims that loan rate is 7.5% is a fact....is a fact or assumption....haha, long write up but the key factor also inaccurate.....


Posted by Nikmon > Aug 23, 2018 11:25 PM | Report Abuse

A : this is a dog food,
B : no i don't believe
A :i already told is dog food, and it was written there
B :no, i don't believe, prove to me is a dog food.
A : it was publish by the company it is dog food.
B : no, i don't believe and i think the companies are wrong.

Stock

2018-08-23 22:38 | Report Abuse

I don't see how that comment does anything beyond trying to one-up me.

Do not put so much emphasis on beating a stranger online in an argument. Neither of us benefit, much less make money.

The only question the investors or potential investors in Jaks need to be able to answer is, whats the probability of profit for the power plant, and what is the probabilities of different degrees of profitability or losses.

Do you have anything you think people here can read and better understand the IPP industry, particularly one in Vietnam, as well as the economic characteristic of this industry, particularly in vietnam?

Stock

2018-08-23 20:56 | Report Abuse

https://klse.i3investor.com/blogs/PilosopoCapital/144930.jsp

This thing i wrote has some reference to what you are saying.

Having said that things are a little weird when the narrative is completely dominated by the national reserve banks.

Stock

2018-08-23 20:54 | Report Abuse

I did options trading before. I am familiar.

I am not going to write a whole new definition when i can just copy paste from a website.

Its not a new insight , just a definition.

Hedging cost money. And the cost over a long period of time is probably higher than your loss or gain averaged out.

Why else would people give you options?

Smoothing of profit and protection against volatility cost money.

Stock

2018-08-23 19:02 | Report Abuse

Aih, i had a feeling should be good, could have bought more today. Wanted to whack the 1.63 queue. But i bought Aeoncr instead.

Its ok i guess. At 32.5% of portfolio. I'm already finding it harder to sleep while waiting for the results.

Stock

2018-08-23 18:47 | Report Abuse

There is interest parity to consider. You may gain abit in lower rate, but lose in foreign exchange loss.

Whether the power plant is going to be profitable, and the degree of the profit and potential loss, is very hard to determine, for me at least right now.

You are telling me, a company with incredibly mediocre performance for the last decade or two, suddenly start winning by getting a power plant contract, for nothing?

I don't think so. I fail to find even one agreement between a chinese glc and a foreign co, where the chinese company has control, did not screw over the other party financially.

Even alibaba and jack ma, screwed over yahoo, but buying over Alipay (or Ant Financial ) for basically a pittance. Yahoo owned 44% of Alibaba which owned 100% of alipay. Alipay was transferred out to Jack Ma personal company, and yahoo basically got compensated maybe 6-7 billion tops. And that is only payable upon IPO. Alipay is now worth 150billion USD.

Why on earth with CPCC want to share with jaks if its so leng? Jak's is a silent non controlling partner (so its not offering any operational or technical ability) portion of the power plant is less than USD 1bil. That is nothing to chinese companies.

My understanding is that JAKS got the BOT contract, still. Hmmm

I dont need to see a lower loan rate, i need to see proof that the company can make outsized profits.

If it can make 50-100 million a year net with conservative assumptions. And can show it definitely wont get bent over and nailed properly by the chinese company.

Then no problem d. Plenty of margin of safety.

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



mkmk Jon, is it means u will change ur mind if 2-3% interest was charged instead? Wat so difficult to know the rate? Isnt that u can go to website of respective authority of that country to download their audited account... the effective rate and terms r normally disclosed in it...
23/08/2018 07:39

Stock

2018-08-23 18:44 | Report Abuse

DK66,

Where can i find proof of this. By the vietnam govt btw, not something said by management. Or at least documented down in the Annual Report. Auditors very scared of dying one, if they dare to put it down, means the auditors must have triple checked the agreement.

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


"To attract foreign investment, Vietnam gov't needs to promise sufficient returns to these BOT projects. In order not to overburden the gov't with "take or pay" kind of payment structure, The vietnam gov't guaranteed a minimum payment (capacity payment) on the capacity built which gives the investor a minimum secured return on the capital invested. And additional payment (energy payment) based on the power consumed, giving the investors additional revenue to ride on the economic growth of vietnam.

Management has indicated 12% IRR. The tariff guaranteed capacity payments which cover all bank borrowings plus interest as well as giving a return on capital. Since the project is on 75% bank borrowings which carries about 5 - 6% interest rate, it provides for a huge leveraged return on the equity capital of the owner. That is why 12% project IRR may not seen appealing by itself, but the debt leverage may lift equity IRR to well over 30% on equity capital. "

Stock

2018-08-23 18:22 | Report Abuse

Haha interesting. Revenue is still up whether in RM or USD basis, so there is definitely strong demand. So its just the cost issue and USD rate.

For the quarter predictors out there, next q will probably have much better rate, and thus higher profit.

Having said that, i kind of wish i wasnt so eager to buy back liihen at 3.8 back in the day. The management is great, business is decent, but may have overpaid somewhat.

Stock

2018-08-23 14:00 | Report Abuse

By the end of the month.

Stock

2018-08-23 12:07 | Report Abuse

Quite a happy day. Finally bought a position ahaha.

Stock

2018-08-23 11:57 | Report Abuse

Interesting.

Stock

2018-08-23 11:08 | Report Abuse

Gamble summore lah.

Dahlah you know money need to take care of grandma, still put in market for what.

Put in FD lah.

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Posted by IVAN2222 > Aug 23, 2018 11:05 AM | Report Abuse

THIS SHIT COUNTER MAKE ME LOSE OVER 30++% ..I REALLY WANNA MAKE THIS IDIOT COMPANY GO DIE


IVAN2222
1941 posts
Posted by IVAN2222 > Aug 23, 2018 11:07 AM | Report Abuse

MY AVERAGE PRICE AROUND 0.912 AND NOW TUMBLE DOWN UNTIL 0.625, I DONT EXPECT THIS IDIOT SHARE TO UP BACK TO 0.9 IN SHORT TERM, I ONLY WISH TO SELL AT BACK TO MINISE MY LOSE ,AT LEAST BACK TO 0.8 AND IM OK WITH IT.


IVAN2222
1941 posts
Posted by IVAN2222 > Aug 23, 2018 11:07 AM | Report Abuse

NEED THIS MONEY URGENTLY TO TAKE CARE MY 86 YEARS OLD GRANDMA

Stock

2018-08-22 23:06 | Report Abuse

Care to share?

I'm curious. Thanks

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Posted by DK66 > Aug 22, 2018 01:16 PM | Report Abuse

It is never wrong to be too conservative. When you have reservation about a stock, best to stay away rather than feeling sorry later. Can always come back later when it is clearer. Everyone has different views and perceptions, each can progress down their own path.

I have done considerable amount of research on the BOT contract, the vietnam tariff structure, the power demand landscape of vietnam. I tried to make close comparisons, like Mong Duong2, Vinh Tan 1, etc. I carried out research on their agreements with the MOIT and their PPAs with EVN. Their coal supply agreement with Vinacomin, With limited data, I finally reached my own decision to invest in Jaks.

I m happy to share my knowledge with the humble. I don't want to argue with those with differing foregone conclusion. Nothing to gain from winning an argument.

I m not here to make enemy.

Stock

2018-08-22 23:04 | Report Abuse

For the record, I am not saying sure lose money, but very low probability it will be as profitable as most think. And there is a decent chance it may not make make money.

Having said that, I am not a genius who knows everything, no do I have details of the contract, or details of their cost etc.

So I can be completely wrong.

The margin of safety is non existent for me, given my philosophy and the knowledge I have.

You may feel differently if you have deeper knowledge about it, or you have considered perspective or found things we have not even thought about. In which case please share.

I prefer being wrong in this case, because if I am wrong, I can just shut up and buy some.

News & Blogs

2018-08-22 18:00 | Report Abuse

Yeah, people pay me handle their funds. But the structure incentivezes me to manage it as if its my own money.

Its not a secret, no idea why it seems to be a big surprise to you.

By that metric, I must be stalin now in your eyes. Hahahahahaha

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Posted by qqq3 > Aug 22, 2018 05:47 PM | Report Abuse

jon...you have ambition to be paid sifus yourself too....I choose wrong guy to talk to.

News & Blogs

2018-08-22 17:57 | Report Abuse

Hmm gkent and gamuda we is definitely you. The rest I'm not sure, I'm pretty sure I read a post by kc or something long time ago.

I wasn't active in the market or the forums then.

In any event, I don't think you will purposely claim credit unless you are sure.

Well, the point still stands on the track record of his personal picks.


===
Ans :
All win big stock picks in 2015 came from me.
I am sorry to claim credit.
I just want to set the record right.

Thank you.
Ooi

Posted by Ooi Teik Bee > Aug 22, 2018 05:53 PM | Report Abuse

I knew how much Mr Koon win big in 2015 on VS, Liihen, Latitud, Hevea, Gkent and Gamuda-WE.
The loss in Jaks is nothing if compared against the gain in 2015.

Thank you.
Ooi

News & Blogs

2018-08-22 12:38 | Report Abuse

Correct. Its very hard to know, unless you go talk to people very familiar of the IPP industry, and especially in foreign nations.

In the meantime, since you have conceded you do not know anything about it, like myself, beyond some conjectures, gut feeling and rough estimates.

Its a gamble. Treat it as such. If you're icon or raider, and you think sentiment will pick up, you can sailang in and sell to the potential greater fool.

Or you can just buy a small position based on your gut that should be profitable, hold for a few years. And find out if your right or wrong and see what you can learn from it.

Also, I mean mantainence Capex. Go and study power plant companies. You will notice that their mantainence Capex is usually higher than their depreciation cost.

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Posted by newbie8080 > Aug 22, 2018 12:29 PM | Report Abuse

@ Jon Choivo

I believe no one can prove anything as running a power plant differs from another. No one can provide exact computation for that matter.

But, I do believe that the expense or overhead cost that you mentioned would definitely would not exceed the entire revenue of USD515 mil which I computed earlier.

In addition, the depreciation you mentioned is normally amortised through the BOT period which in this case more than 20 years. Not a big figure as you expected.

News & Blogs

2018-08-22 12:37 | Report Abuse

He does invest his own money and help manage people's money. So yes he "do". What bs you spouting off now.

I really should stop responding to these kind of inane zero value comments by retirees with nothing to do.
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Posted by qqq3 > Aug 22, 2018 12:34 PM | Report Abuse

kcc is a book worm with no business sense....and lacks local knowledge.....in any case, never liked people who choose to cari makan the way he do.....He so good , no need customers.

but I know...people who knows do, people who don't teach......hahaha

News & Blogs

2018-08-22 12:29 | Report Abuse

When people slander kcc, without rebutting his arguement point by pint in a logical manner.

That's when I know should listen to what he says.

When logic fails, one relies on slander, personal and ad hominem attacks.

Thats why raider call me pondan, or icon say I no adventure spirit, wah I must be on right track.

Why would icon say something like that if he can just show his logic and figures, and make me look like a fool?

I think he didnt even consider if the power plant will really be that profitable loh. Just too expected future demand, and whatever estimates done by a 25 year old analyst fresh out of university.

News & Blogs

2018-08-22 12:23 | Report Abuse

My bank and most precious asset is my brain.

And I definitely got a at least a few hundred million more brain cells than you.

Hahahaha. I kid, I kid.

I really shouldn't respond to things like this. Aih.

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Posted by Koon Bee > Aug 22, 2018 08:38 AM | Report Abuse

Talk like you have few hundred million in bank

News & Blogs

2018-08-22 12:15 | Report Abuse

All of kyy big picks, liihen, vs, latitude. All come from kcc.

His own picks, jaks, sendai, xinquan, jtiasa, mudajaya, kianjoo, can one, all go Holland.

He got to today, because he was a sharp businessman, and he took high risk in business, and among the thousands who tried, through skill, grit, hardwork, viciousness, relationship and luck.

He made it.

And top it off, he sailang in during Hong Kong Market crash.

His track record is clear. And it's far from satisfactory.

The only positive i see is he sailang in Hong Kong, and he had the brains to hold on to kcc picks long enough.

News & Blogs

2018-08-22 12:08 | Report Abuse

The price can go to 3 tmr and I still don't give a damn.

I only want to know this, can anyone prove to me demonstrably, via logic or numbers, that the power plant have a high probability to be very profitable even after interest cost and tax.

That proves me wrong. And I'm happy to be wrong. Because then I can shut up, and go buy more.

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Posted by stockraider > Aug 22, 2018 12:02 PM | Report Abuse

A classic no business sense investment loh...!!
Mark this jon chivo recommendation of jaks is rm 0.97 loh....!!

News & Blogs

2018-08-22 12:06 | Report Abuse

Sorry then, I wish you all the best. You can find me on Facebook, and we can talk abit there.

This may sound arrogant. But you may consider reading some of my earlier comments and post.

Amid all the rubbish I say, something interesting or useful occasionally slips out. Or things I don't intend to let people know. I do get caught in the heat of the moment sometimes.

Good luck. May you survive in the market for a long long time. When it comes to investing, you just need to be in the market for a long enough time, it's a marathon, not a race.

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Posted by Alex™ > Aug 22, 2018 12:01 PM | Report Abuse

apu...mau bayar 5k kah? ah jon track record can see? 5k significant investment leh… I poorfag only