The key here is be like long numbers guy. Discover great businesses with moat before the fund managers do. Institution funds do not practise a value investing strategy. They do growth investing. Of course, it is best to have value and growth which is hard to come by. The examples are aplenty, GDEX, REVENUE, DLADY, F&N etc

Business sense investing is a very powerful concept. When Masayoshi Son invested i Alibaba, do you think he looks at the value investing yardsticks like ROIC, ROC or FCF? All he had was a business sense. The ability to discover and identify a great business with great moat that has a long run way. In Malaysia, most fund managers invest like Masayoshi Son too. Our institutional funds like EPF, PNB, Khazanah and many more mutual funds have too much money to invest. What is the safest choice of investment for them? It has to be the great companies in Malaysia that is able to give sigle digit returns that beats inflation. That is why despite Hartalega at 46x PE, fund managers continue to buy. These ivy league, MBA or CFA fund managers arent stupid. They are investing like warren buffett. You think they do not know Insas is undervalued? EPF could acquire the whole company tomorrow morning and realize the arbitrage value. But no, they invest in great businesses

Well, they like to use 10x PE. Anything less than 10x PE is a value investment mah

Long numbers guy approach is pure business sense phil fisher style. Most i3 members here wont agree with it because most think they are value investors. They claim to value invest but they always hold for one or two quarters after the company business implode. Rinse and repeat. Hence, no value investors on i3 had held a tenbagger before. In bursa malaysia, a premium is indeed given to great business. If not how do you explain Nestle which is forever overvalued? And how do you explain the multiple value traps like Insas?

This is gold

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10154899906070843 He can't go far, his mentality and his investing skills is just looking at top layer to make decisions. So he keeps on buying stocks with low pe and low debt, not knowing that many of these stocks are small/mid cap and results easily engineered.

Anyway he only started in 2017, already think he can advise people charging 50 cents for his word of advise. But if you look at his performance and his analysis of stocks, it's more than laughable. His so called "fund", which is only 2 years old and not even securities commissions approved, is already in the red, he has to take margin to buy stocks, which all have poor management capability, no moat, and looked growth prospects, always look like a good cigar butt deal.

If just judging from 2017-2018 period, my quarterly investment in QL already outperform all his other so called fundamental stocks. I'm sure he will use hengyuan as his example of a good purchase stock. But when he can't even evaluate what the true value of the stock is i.e sell high, buy lower, cringe as it went lower, he just sit and blame others as if he is qualified to teach people how to invest.

Maybe choivo should just keep quiet and come back in 5 years when he has a proper stock portfolio with a good track record to speak of?

If you don't have the conviction to purchase a stock for more than 5 years, it shows you don't have a clarity of purpose, valuation capability and a stable mind.

You don't need to teach uncle or be smart. You just need to be disciplined with your approach, and have a good grasp of the stock more than just numbers but as a business concern itself.

No need to teach uncle. Uncle already buy and hold QL for 10 years. I know how ql business works and how it will look 10 years from now.

That's why I'm still buying. Every quarter.
27/12/2018 14:45

Long number is a legend. Seeing him teaching Jon Choivo investing lessons is funny!

Hahahah! Democratic?

Awkward? Me and charles and bruce watching cp teh backside kena cucuk everyday. Thats awkward because we are not an ass guy

Life is perfect for him. Collecting 6-7% dividends every year without a full time job.

Yup. Good life.

He shouted crash since 2014. Still happy to do so bevause he went all in on ASB

Goodbye World? Mr. Alan dont do stupid things. Money can always earn back.

Jon Choivo, you are still young. This is the time when you should focus on your career instead of the stock market. 40-50+ years old uncle like us punting in the market is ok lah. But you have a bright future, dont waste it gambling on stocks. I have seen many young people in their 20s making only rm3-4k monthly salary and lose focus in their full time job because of stock gambling. The real successful young people I have seen are fully focused on their full time job earning 5 or 6 figures per month.

Charles is the best member i3 can have. Very outspoken, honest and straight to the point. No politically correct or diplomatic statements. Sometimes, i3 members are living in their own bubble. eg. CP Teh. We are here to poke the bubble and knock some sense into their head

Haha charles! One needle saw blood!

I think felicity made a mistake on the valuation of freight. It has a 1 for 2 bonus issue recently

News reporter also know how to pick stock ka?

Jon Choivo, how are we going to trust your analysis when you are still staying under your parents roof

He told everybody bull is here two weeks ago. Now telling another story.

This is a bear caused by a slowdown not financial crisis.

Valuations no where near attractive. The cyclicals got killed first. Defensive business still having erection.

This guy is a good story teller. No analysis, just pure story telling

In 2018, 60-70% of money inflow in bursa malaysia is made by local institutional funds while retail investors made up the rest. The market will only crash big time if local institutions stopped buying. So what would cause local funds to stop buying? There has to be a bank deposit run. eg. EPF holders or PNB fund holders withdrawing money in a large amount. The key indicator of a big crash would be a dividend cut by these funds next year. Or a fear perception among the rakyat that their savings will evaporate due to heavy fund losses

No offense to probability, I will take his two cents with a pinch of salt. We all know how hengyuan and petronm ended up. Good luck.

Many i3 readers missed the big picture. All experienced investors already knew - Malaysian stock market is not a place to build and preserve wealth. The stock market is a good place to build up short term cash. The real wealth builder in our country is still real estate. The rule of thumb is always set apart a portion of your stock market winnings to real assets. In the long term, I would say only 2% listed companies would stay at the top of their business throughout its life cycle. We dont know when Nestle or Public Bank would implode. Nobody could swear that they wouldnt blow up like Genting, Gamuda or Myeg. Go out and buy some properties with little leverage. With time, most would do better than staying in the stock market.

No problem Ricky. You are free to point out any false logic you want. i3 promote free speech. Just like Jon Choivo here having the logic of making money off fools when he could be the fool anytime.

Ricky yeo, I come i3 to make money, not engaging in intellectual discussion with you. You wanna discuss your finance theory, I suggest you go to a finance classroom.

Auric is also involved in the business of shopping mall food courts under the brand name “Food Junction”

How is that confusing? A no growth company becomes a value trap.

This is an interesting acquisition. Auric owns brands like Sunshine Bread and SCS Butter which are very popular in singapore. In Malaysia, this consumer product business would have fetch hugher valuation eg. F&N

The price is not cheap at 18x PE. If 1 + 1 = 3, I guess this is a good price.

No growth. Value trap. Sell

Do not confuse foreign subsidiary with good fundamentals. Lafarge is also a foreign subsidiary. Is it currently good? It is not. DKSH has been trending down even before they got kicked out from shariah.

This article should be shown to GENM punters. Punters think they striked lottery from the small rebound if you read up genm forum

Thanks. KLCI is still peaceful. Looks like fund managers got lotsa cash to support the market

If no growth, it will stay undervalued forever like Insas

Will be privatized in no time. The founder is not stupid.

PotentialGhost Kc chong is Malaysia charlie munger , Jon choivo is Malaysia warren Buffer , Uncle kyy is Malaysia Soros .

Jon choivo is future star. Jon choivo will earn billion billion soon.
18/12/2018 21:30

Hahahahahahahahahahahahahahahahahahahahahahahahahahahhahahahahaha

Buy Teoseng instead of Layhong. Teoseng is managed by very honest people

Only idiots buy Aeon. You guys wanna supply liquidity to aberdeen to cash out, please go ahead

The same guy called a bull market after trade war resolved last week. Look at where the market is now

There are about 2-3 million shares associated with islamic funds here. The selling is far from over.

Insas is a value trap. I need to repeat this every year on i3.

SuperBest = CP Teh. Always come to the rescue when his posts are ignored or things heat up.

The only person who is ignorant is you. A good trader makes money from good or bad market. A deluded gambler like you only know how to shout crash to mislead newbies

Cp teh shouting crash from 2014 till now. From the day he decided the market is crashing, klci dropped only 100 points. I think only his own portfolio is crashing. From 100% capital cut loss till left with 30% capital

Value trap. Dont tell me about NTA. Sell

Sell. Karex No. 2

Yup. I listened to management mentioning "digital" from RM 2 all the way to 50 cents

Haha. SuperBest = CPTeh. Must ask super best

This author is great at story telling. Trash stories of course