Poor Steve Jub, one said sell, another said buy. Haha

Steve Jub. I will be very honest with you. I'm not accountant or auditor. I'm young but not college student.

If you trust me on doing accounting for csl, you should book a ticket to Holland. Haha.

Boy boy bullbear, haha. Have fun with bullbear, guys

Steve Jub, I'm the youngest

Hahahahaha. Bullbear is 3i. You're very new in AA thread. A good laugh, anyway.

I know 3i. What is his nick here?

Who?

Wahaha126, beh yau kin. lu si wa ah hia. I support u one.

Haha. This is how Bullbear chooses his next toy.

46 or 46.5 cent is pre-iculs price. I hope there is healthy profit taking coming.

Bullbear, are you for real? You really bought AA. Haha.

Freonsf, confident?? More towards ignorance.

Weechin, ok.

Haikeyila, my boss alex chan said it's force buyback.

Fam Jenny, I believe you. Bear with me for a while. Ok, ciao

Haha. Crazy stock attracts all kinds of eccentric people.

I want the price be stagnant for 3 weeks. Good for more buying later.

Haha, you're funny man

Freonsf, it's a joke. There is no shark, buaya or lion here.

Now Everyone Insults AirAsia. Sigh, bullbear is winning our bet, yet, he is missing. And, now come fortunebull.

I can see you missed out TWO ZERO. Outstanding shares is 633,632,000. I assume you used the right figures.

Datuk & wahaha are enjoying themselves with money won from China Sexy Lady. Haha

Smallboy, your basic math is worse than me. Haha

Lawrence, what you expect from Tony? Goreng the stock instead of strengthening AirAsia business. If you looking for goreng stock, there are fews out there.

Freonsf, throw money into ocean to feed shark. Haha

Tessa, you are definitely a "good" driver. Your ambulance/superbike is one day late. Haha

Privatisation is looking unlikely for now. L&G intends to become mid-sized property developer & "good" relations with our government is a must. Thus, listing in KLSE will continue.

Haha. I feel like "A Dead Sardine Surrounded By Tortoises In The Middle Of Federal Slowway". Need to see doctor, haha.

So how? Want me to keep or sell?

Haha. Bullbear is better than you kc loh. In & out few times with profit. Good luck to benalec ppl. You guys definitely need it.

Kc loh, do u see our elusive bullbear? Missing again.

Haha, r u driving ambulance or police superbike? Only these two vehicles can save me

After menara axis. Hate the traffic

Airasia too hot too handle for u guys. Haha

How about save me from stuck in federal highway with the rain pouring down?

Profit had been made from dividend. Can sell anytime but I will wait for next round of dividend, probably after next quarterly report.

Faberlicious, that's why I keep Marco more than 2 years. For dividend only. SuperFD in the making.

Faberlicious, I doubt it will fly too. My dividend yield is 14% this year. Hard to predict Tan Sri next move.Tan Sri declared 15% dividend 2 years back. He may shiok sendiri again next year.

Sephiroth, this is how I determine a quality eps.

If eps decrease due to increase in outstanding shares, it's normal.

If eps decrease due to reduction in net income, it's bad.

Hope it clarify.

What to expect in 2014?

Challenges
Read Bullbear's postings

Oppportunities
Read others postings except Bullbear

Caution
It will be too much to handle for newbies

"Pain in the ***"
"A thorn among roses"
"Hate to love, love to hate"

These idioms are perfect description for Marco.
0% capital gain but attractive dividend yield.

Too many competition, yet, found its niche in entry level segment where its priced between RM200 to RM500. This is Casio unique selling point alongside with its established G-Shock range.

I don't expect Marco can penetrate fashion & premium watches market. It's dominated by Fossil, Seiko, Swatch & etc. In fact, solidify its current position is the best strategy.

Will it fly after May 14? I would be more happy if dividend yield is 20% next year. Thank you, Tan Sri. I am your crony.

Shhhhhhhhhh.....

Thank you for your compliments.

That's Marco outstanding personality. 0% capital gain, just like a thorn. Haha.

I heard you, Fam Jenny. I will sell before Christmas.

The payment is 2-3 months from now. The ex-date is longer.

Tipster, why your expression was uhhhh. Are you in pain or what? Haha

Marco is a thorn among roses. It stands out the most in my portfolio.

I care

I want to buy more at lower price. At current price, we have good double digit gain on paper. Wait until my bonus out & you can share after that. Haha

Where is bullbear? Missing again

Haha, midtermtrader. Try to keep this beautiful daughter away from spotlight. Maintain low profile. I haven't buy enough & want the price to remain low. I know you from investlah. Shhhh

There is a saying, “Never fall in love with a stock”. Unfortunately, I break this rule with Yee Lee for a reason you will know later.

Yee Lee recorded 53% paper gain from Jan to today closing price and paid 2 cent dividend less 25% tax, 0.5 cent dividend tax exempt. Without doubt, this is fantastic result for me.

Let understand more about Yee Lee and its business.

The big four players in FMCG trading business are DSKH, Lam Soon, Yee Lee & Tiong Nam.
Hereby, I declare on owning shares in Lam Soon (direct & indirect) & Yee Lee. I worked in Lam Soon before I left 16 months back. I am not attached to Yee Lee & the reason I bought its shares last year was because of turnaround in its trading division.

Due to my interest in both companies, I can’t disclose any sales information. I can only share brand vs brand by product category in general.

Lam Soon is direct competitor to Yee Lee

Cooking Oil
Knife vs Red Eagle

Detergent (Southern Lion is a subsidiary of Lam Soon)
Top vs KIZZ

Dishwashing Paste
Senang Hebat vs Sunglow

Oral Care
Fresh White vs Morning Kiss


Now, let look into challenges in the year ahead. FMCG is a competitive industry and marketing plays an important role in sales, either sell in or sell out.


1. Perception is Reality.

Remember, brand principal spends its budget on A&P to sell a perception. Look at advertisement around you. What is the message? Happiness, Family, Convenient, Popularity. Yes, this is what we’re selling to consumer.

Marketing expenses will increase as the needs for brand positioning getting tougher. Consumer loyalty is most desirable but it’s an uphill battle. Consumers are fickle and can be tempted by sales promotion, either discount or free gifts.

The battle for products to be inside customer’s basket is main objective. Due to this, more & more companies employed weekend promoter to push products to consumer. It’s another costs.


2. Endless Competition (Not Endless Possibilities) & Exclusive Partnership

To increase revenue, distribution contract is the lifeblood of trading business. P&G, Unilever, Colgate Palmolive, Johnson & Johnson and etc are the brand principals craved by everyone.

With intense competition, margin offered to brand principal is lower in order to win the contract (renewable). The competitive environment is tougher with exclusive partnership in the picture.

Some brand principals have exclusive partnership with a trading arm (or their own trading arm).
Yee Lee = its own products & Spritzer
Lam Soon = its own products & Southern Lion
DKSH = its own products & Famous Amos
Tiong Nam = F&N
Cotra Enterprises = Vitagen, Marigold Peel Fresh

By now, you should realise I fall in love with my competitor, which I shouldn’t do..but it feels good to break the rule sometimes.