socialist China don't believe in dividends, even if they don't mind IPO.

lol

unlike Uncle K, I don't have so much capital to risk.

uncle Uncle K, I don't have so much capital to risk.

every web site I have checked says 2.3 billion shares.

But it is 3.564 billion shares fully diluted. see above.

《the problem with this stock is too liquid.. 2.3 billion shares circulating.. no major shareholder.. speculation often prevents it from breaking new levels
>


the fully diluted share capital is 3.24 Billion shares before recent private placement + another.324 billion = 3.564 billion shares and public could be holding as much as 60 - 80% of these shares.

big backside.

in really good companies, it is the other way round wherein management and friends holding 60 - 80 % of shares.

the whole town is full of failed traders from stockbroking houses. fact.
so, big no need to bully,. a little bit of success no need to be arrogant. Small , no need to be afraid.
novice, certainly I am not. New here but not novice.
and as for that bio mass plant, don't look forward to it to rescue Comintel. No bio mass plant in Malaysia has ever made money, If they can break even and self sustaining, they can count that as success.
As for Comintel and their directors....go meet them Go ask them what they are doing.....and when they will close shop.

<alphajack Thx Icon. I used to be analyst and am now a senior trader and also team leade/.>

zoo
can visit many relatives

chong

I look forward to you reposting your articles on valuation of assets.
By far, the most important skill anyone can acquire is the skill to value an asset, be it a house, a business, a share or even a husband / wife.

if you don't mind my saying so, it looks like an orphan which nobody claims ownership., a subsidiary of Bandaraya , which seem to have been abandoned for many years. Looking at the 5 years track record, there is nothing there. No growth, no development, nothing.

love that...better than a ratio

<Soros, do u know just now at 4pm++ when sifu said he "planning to gonin" BHS...immediately BHS share price shoot from 0.51 to 0.53...after 10 minutes he said the planning called off, the price immediately drop back to 0.51...our sifu really super keng>

KYY's small cap stocks methodolgy still have legs to run.

One day, there will be no more growth stocks with low PEs and even sifu KYY cannot find value anymore, then you know it is time for a holiday.

since you did an extract of my response, I take the liberty to post the full message here....just to make sure no misunderstanding



Blog: “Theory”, “Dunno” and “Book Worm” in Investing kcchongnz
Dec 28, 2015 09:30 PM | Report Abuse

thanks for the postings, chong.
I also commented as follows previously.
<Blog: MyFirstPortfolio Which stock to sell and what to keep? kcchongnz
Dec 27, 2015 07:10 PM | Report Abuse

At the end of the day, big money is made by buying small cap stocks with low PE and gets re rated because of increasing quarterly profits.

Ratios hardly help in this respect.....but insider information and deep understanding of the company and its environment will do the trick.

Even simple rations have too many factors behind it to use to predict the future.


Blog: MyFirstPortfolio Which stock to sell and what to keep? kcchongnz
Dec 27, 2015 06:47 PM | Report Abuse

Thanks for the education.
This web site is incomplete without you.

But I must say every ratio starts from the audited accounts....and you already know what they can do to audited accounts.

Other gurus put emphasis on other non quantifiable things such as.....business model, management, ....shareholder strengths, relationships, concept stocks. Etc etc....and this year earnings, latest q earnings. PE ratio.>

I also an accountant so I appreciate people like you who promotes financial ratios.
It is not my intention to be anti Chong....the purpose of my comment is to say ratios is only part of the story....it is historical, it can be manipulated, and limited predictive power in relation to share price which we are all in it for.

I like to look at a share as consisting of 3 components...the business model, the management and the numbers. Ratios do assist in answering specific questions in relation to the 3 factors above....And only that. Ratios help to answer very specific and very limited questions. Ratios also help in selecting the best from a similar industry and similar operating environment by doing some comparisons within the same industry.
Comparing Ebita yield eleminates the effects of borrowings and depreciation and focuses on the enterprise value of companies in the same industry.
Earnings yield as defined by you as Ebita divided by market cap plus borrowings introduces share price into the equation which is good and gives additional information
so, you see, I am not anti Chong.
Ratio is a financial tool, it is just a tool.
But the best buys are those companies with a good business model, good management and good figures. and you can buy it at a decent price....or in the words of KYY, profits increasing Q by Q and still below PE 10.

OPM, other people money. Many institutions are as careless with money as the bar girl next door, OPM.

< I used to be analyst and am now a senior trader and also team leader and I sometimes get very pissed off at newbies who think they know a lot, just like you Icon I have entered Comitel at 43-45c and even bought more (averaged up at 53-55c) and I have not sold a single share at all because I know I can make at least 50% more. If you newbies wanna sell, sell la you are so tiny anyway, even my juniors can absorb you all.>

lets just say I am doing charity work, saving lives.

< I trust desa. Looking at track record it is too early to trust. Last qr jump. Will it same for next few qr?>

I think Gkent can buy.
Comintel cannot touch.

Gkent is quite well managed, you have a good chance to see an explosive growth in Gkent in coming years as every thing comes together.....politics, water, LRT and their meters. and who knows? maybe other things too.

Can I suggest that anyone holding the shares to sell before the next results?
1. the insiders have no confidence in the company and did not buy any share before the results announcement.
2 as soon as it shoots up, they sold their shares like there is no tomoro...now that price range with that overhang is a hurdle impossible to overcome.
3the company is going bankrupt and then the sudden devaluation in the ringgit gave them a small profit on a still very thin margin business even at current exchange rates/#
it is a no win situation in which the insiders have probably given up and just hanging on.
4Dont look for the power plant to rescue them. They will not make it.

Keinhing got Japanese partner at Vietnamese cost.
Look into the accounts and expansions in Vietnam. They got their formula., and experience.

Taman Melawati. Can steam steam but next week.

icon..a big cap you can diversify into...Scientex.

its behavior will be different from the small caps and good place to diversify.

stock 7199. exactly what Vietnam needs.

icon icon...why push a dinosaur by 10% when you can push a penny stock by at least 100%?

hint hint...penny stock, Vietnam play, good management, very low PE., assured fast growth.

hahahaha

<The power of Icon8888!!!!He can even move a dinosour stock like this by RM0.13 (from RM1.14 to RM1.27), unbelieveable.......>

yes, anybody can start.....but they didn't...and this company gives excellent exposure to Vietnam and a head start. Vietnam is the fastest growing economy in the world and everyone in Vietnam will do well.

KC

I will focus less on the ratios and more on valuations.
eg, some of your previous writings about valuations, appropriate PEs, growth, discounting rates, terminal values, what PE for what growth rates...these are very illuminating.

a simple rule of thumb...a 25% growth rate company can easily justify 25X PE once we are comfortable with the projections.

Behind the simple rules are years of white hair ....not Koon but Koon YY.

a good banker, or good fund manager should say No 100 times for every Yes.

<Posted by yeekarwai88 > Dec 28, 2015 07:32 PM | Report Abuse

This 3BILLION FUND MANAGER very free,attack every counter everyday./.>

wow............

Mr Paper no joke. Do a lot of homework too.

I have a cash internet account but no margin account.

yes, I3 seems very good. The day of Comintel, I just used up all my quota before you issued your article.

<Posted by Icon8888 > Dec 28, 2015 10:52 PM | Report Abuse

Ha ha, u discover so many gems ? it seemed i3 has become a gold mine for you>

this morning I have to sell some shares to buy Tguan and Chinwell. First time for many years I am fully invested. Throughout 2015, I average only 50% in the market.


<Desa can I quote you "... now I am with i3, I have too many shares to buy and not enough money. Where to find more money?"

I run out of bullets lah, LOL>

better late than never.Lol.

plantations and timber...

these are also export counters but gives somewhat diversification from the high flying manufacturing exporters.

thanks for the postings, chong.
I also commented as follows previously.
<Blog: MyFirstPortfolio Which stock to sell and what to keep? kcchongnz
Dec 27, 2015 07:10 PM | Report Abuse

At the end of the day, big money is made by buying small cap stocks with low PE and gets re rated because of increasing quarterly profits.

Ratios hardly help in this respect.....but insider information and deep understanding of the company and its environment will do the trick.

Even simple rations have too many factors behind it to use to predict the future.


Blog: MyFirstPortfolio Which stock to sell and what to keep? kcchongnz
Dec 27, 2015 06:47 PM | Report Abuse

Thanks for the education.
This web site is incomplete without you.

But I must say every ratio starts from the audited accounts....and you already know what they can do to audited accounts.

Other gurus put emphasis on other non quantifiable things such as.....business model, management, ....shareholder strengths, relationships, concept stocks. Etc etc....and this year earnings, latest q earnings. PE ratio.>

I also an accountant so I appreciate people like you who promotes financial ratios.
It is not my intention to be anti Chong....the purpose of my comment is to say ratios is only part of the story....it is historical, it can be manipulated, and limited predictive power in relation to share price which we are all in it for.

I like to look at a share as consisting of 3 components...the business model, the management and the numbers. Ratios do assist in answering specific questions in relation to the 3 factors above....And only that. Ratios help to answer very specific and very limited questions. Ratios also help in selecting the best from a similar industry and similar operating environment by doing some comparisons within the same industry.
Comparing Ebita yield eleminates the effects of borrowings and depreciation and focuses on the enterprise value of companies in the same industry.
Earnings yield as defined by you as Ebita divided by market cap plus borrowings introduces share price into the equation which is good and gives additional information
so, you see, I am not anti Chong.
Ratio is a financial tool, it is just a tool.
But the best buys are those companies with a good business model, good management and good figures. and you can buy it at a decent price....or in the words of KYY, profits increasing Q by Q and still below PE 10.

icon....with so many exports counters to choose from, why buy an infrastructure company?

no story to tell, no driver, no theme, and anyway, 2016 is not a prosperous years except for exporters.

now, a stale bull, slowly slowly you will be impatient, then frustrated , and finally panic.

<Posted by 58671398 > Dec 28, 2015 07:21 PM | Report Abuse

i m waiting>

what I say about the previous head is true. You can google it.


<Daz Ng Pls mind your word desa2020. Dont simply say things that is not proven. If it is like what you said, then why they still get the funding from new government&president for this all new project. Dont say things that make yourself look stupid.>

CRCC is the most corrupt organisation in China. Its head have been given life sentence.
Instacom will be 5 sen if things go wrong.

since you are in this debate KYY vs Chong.
I will say you actually have very little predictive power by just looking at ratios.

why do I bother to be here?
just having fun because I believe people who play concept stocks are long term losers, just like casino players. The sustainable winners are the value investors.
Anyway, Malaysia needs the HSR project like it needs another 1 MDB.

324 million shares at 3 sen profits is still $10 M profits. hahahaha

yeah, so many retards here hoping CIMB will give you gold via a Dr Yeoh.

politics in most cases is not just about winning, but also about the journey.

mr cool, politics is not a 100 meters race, but a way of life, A life long journey.

sai lang on the basis a $1 quarter profits translates to $ 40 valuation increase.
got so simple one meh?

the guaranteed part....
sure you want a 2 sen profit when there are so much opportunities in Malaysia?

Jenny, tell Jesus, no spamming.

The most common problem.
More common than people admit
(161 posts
Posted by 镠公公 > Dec 23, 2015 11:12 AM | Report Abuse

You must be new in stock market. Win a bit and run like you discover a gold mine. Refuse to cut loss when lose more than 50%. 10 wins not enough to cover 1 loss.)

No preaching please. We come here to make money not save our soul.

And I thought cpn will tell us why Chinwell, canone, and TGuan are bad buys.

You should comment on the idea and why the idea was wrong.
Amazing is before I come to i3, I thought no share to buy, now I am with i3, I have too many shares to buy and not enough money.
Where to find more money?