Just finished reading both analysts' report. I also positive, just topped up today.

taitaiwong my beloved is back~

Oh my, this quarter result was quite bad

Woohoo!!!

Yes!

Residential usage is dwarfed by industrials.

TA is as pointless as reading Baccarat winning history chart.

My 2 sen.

Hahahahaha taitaiwong is here

@aliyusof taitaiwong is a weird person based on his/her postings hahahahaha

Cheers happy holding

Dividend ex date coming soon ya!

<<<when the price was 1.2 sth that time, many like you also claimed that mmc will go to rm2 or rm3 so what is the price now and where are these people now?>>>

I'm still around and MMC is still my biggest holding

Just that taitaiwong is no longer fun as previously so I also talk c0ck lesser here hahahaha

May revisit again after after Covid-19 situation improves here

I sold out yesterday

Today 8.59am re-entered

Then 2.29pm dumped all again

Woohoo never felt so good XD

hahaha ya ya

U are really asking a lot XD

err...in a way, a simple way of looking at it, yes you are correct.

E.g.

I receive lump sum RM10,000 from you today
2022, 2023, 2024 and 2025 I'm supposed to pay you RMx,xxx

If the present value of RMx,xxx x 4 years is >RM10,000, it's a Contract Liability

If the present value of RMx,xxx x 4 years is <RM10,000, it's a Contract Asset

@SincereStock there is one thing called "conglomerate discount"

Westports is a pure port player
MMC is a conglomerate

The valuation will never be same

I'm not so technical as limyuwei, he's an industry insider I think.

Whereas I'm a simple accountant, I prefer to explain in more simple accounting terms :)

An insurer takes the $$$ from its policyholders <<< liability

Then invest those $$$ to generate a return <<< asset

@limyuwei +100

<<Pv future net cashflow, positive = a liability, negative = a future profit>>

To add...

An insurer has both assets and liabilities

Assets = its investments in bonds, shares, money market instruments etc
Liability = its liability/commitment to its policyholders

When Liability > Assets = Contract Liability
When Liability < Assets = Contract Asset

E.g. present fair value of its investments RM100m
Present value of its commitments RM115m

Net liability = RM15m

Fair Value gain/(loss) arises from the MOVEMENT of interest rate/bond yield.

Assuming you buy your bond at Year 1
Year 1 to Year 2 - yield rose = fair value drop
Year 2 to Year 3 - yield drop = fair value go up

Key - MOVEMENT

The above is only example ar, I just want to illustrate the principle.

@Papayashot u see that MGS chart someone shared a while back

Example:
Year 1 MGS yield 4.5% <<< Allianz buy its bonds here/at this point of time
Year 2 MGS yield 3.8%
Year 3 MGS yield 2.8%
Year 4 MGS yield 3.3%

When a bond holder like Allianz do his accounts at end of Year 2, he will have FAIR VALUE GAIN.

When a bond holder like Allianz do his accounts at end of Year 3, he will have FAIR VALUE GAIN.

When a bond holder like Allianz do his accounts at end of Year 4, he will have FAIR VALUE LOSS.

Get the "feel"?

I.e. u buy a bond with 4.5% interest
When the market WANTS 3.8% yield, the 4.5% bond that u have is highly sought after.

BUT, if u buy a bond with 3.0%
And market WANTS 3.5% yield, your 3.0% bond is unwanted.

Wahahahaha sold yesterday and re-entered this morning XD

In other words, when you have a RM100,000 investment in a 2.0% bond

When market yield is 3.0%

U will take a FAIR VALUE LOSS hit of RM100,000 minus RM66,667 = RM33,333

It's a paper loss@accounting loss

If u keep holding it, every year u still get your RM2,000 interest income

@Papayashot

Accounting is always based on fair value.

Give u an illustrated example.

Let's say u invest RM100,000 in a bond
It is a perpetual bond i.e. no maturity, every year it keeps paying interest
The bond promises you coupon@interest at 2.0% p.a. i.e. RM2,000 annually
There is no risk on default

BUT, in the bond market, similar bonds are yielding 3.0%

So, if you go out there and try to sell the bond at RM100,000, no one will buy it from you. Instead, they will only buy at RM66,666.67

RM66,666.67 is calculated by taking RM2,000 ÷ 3%
RM2,000 being the interest
3.0% being the market yield

Of course in the real world there are a lot more factors and variables

But this is the principle of YIELD vs FAIR VALUE

So, market is overreacting to the loss without analysing the results details? Hmm...

Seems like market don't like this result...

Yea that's what I wanna say too.

"Rising interest rate" is also another way of expressing "drop in bond market value/price".

BNM may maintain rates low.

BUT Mr Market may not buy it i.e. they may dump MGS to effectively make bond yield rise.

My boss also took AZ

Sore at arm, at injection site
Next day a bit fever and chill

Day 3 nothing liao

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=213908&name=EA_FR_ATTACHMENTS

Okay la, respectable

If got ammo, top up!

Today morning looks like a bilis trap...

From opening shoot up to 2.78, only to finish morning session in the red.

@Kai Shien Ks how you "noticed"?

Pekebun coming soon...

Who the high push up to 2.78 then bring back to 2.73 now? Main-main ka? Hmm...

@Lanmum u wanna wake up pekebun?

Sell all your holdings now to push down the price below 2.50 lo XD

I earn 18% liao hehehe

Sell already also dunno where to park the money.

I'd keep holding.

If syndicate push up means bad news

Means after QR they dump huhuhu

@auditor

Then who is pushing the price up? Hmm...

Institutional investor come in liao?

Free condo! Free condo! No buy sure regret!!! XD

This is syndicate tempting ikan bilis to chase high! Do not be deceived by auditor! XD

Maybe dragged by Malakoff? Gas Malaysia results was decent.

Those with no holding power just sell and go away...

If MMC (low PE, decent dividend yield, profit growing) also no patience to hold, stock investing is not for you. Go play forex or Bitcoin.

Eh MMC on KYY radar

Shitttttttttttt

Auditor looking at my baby MMC? XD

Ex date climb back to cum price. Hebat PPB

@auditor

you are the best! thanks for the debrief/summary of that webcast

Pekebun Ganja muncul, TGUAN naik balik pulak.

Peliknya...

@Letsfly TAANN = "Big Peace" la

U buy this stock, you can hold in peace :D

That webinar can be watched by public?

auditor, remember to give us a debrief later. Thanks!