No major shareholder held more than 5% other than YSP International and Lee he himself. They have to make announcement for intention to deal with securities first if they intend to do it since announcement of QR is just within 2 weeks.

Who got so many shares to sell besides the major shareholder?

AR 2018 shareholders
- 6.582 million - SKanDinavisKa ensKilDa banKen ab (ucits v sweDish)
- 3.776 million - EPF
- 2.381 million - Amal Pintas
- 2.275 million - Tan Kong Han
- 2.076 million - Public Small Cap

We may get the answer after AGM at the end of the month. Don't know who is right or wrong at this time. Market is full of uncertainty due to trade war looming in full swing. Confident is back when prices rebound and heavy selling pressure has turned into history. Product recalls, and regulatory risks are the major risks to the company.

Comparison in PER
Ahealth 17.3x
Biohldg 15.1x
Caring 19.8x
Dpharma 18x
Kotra 12.3x
Pharma 14.1x

Hope Yspsah dropped by Holland at this point before heading England. Anything can happen whether good or bad. As usual, investing is full of uncertainty. lol.

With the current price, Yspsah is traded at PER 10.6x or the lowest within the pharmaceutical sector. Director exercised 458k ESOS at price 2.55 in Apr 2019. Expect price to rebound after experiencing massive disposal recently.

The funds have been liquidating their position in a very systematic way throughout the past 8 days. 5.5 million of shares were exchanged in hands for the past 8 days....It's quite close to 6.5 million. It seems selling pressure going to end soon.

Uptrending. My wild guess only. 2 million shares to go. Collect more when price down another 6 cents next week. Lol

Weaken RM is positive to Aheath and Yspsah.. but negative to Pharma & Dpharma earnings.

This is not retailers panic selling. The Swiss Bank is most likely exiting Ysp like no tomorrow. There are more than 3 million shares to go. At this pace of selling, target to collect at 2.2++

Dakewlest. Let operators play yoyo game to cover the big gap up that happened recently before heading north again.

Nowadays, EPF is acting much more aggressive than us. Their Fund Managers are selling golden goose to raise funds for punting O & G companies.

RHB wanted to exit their position? They have suddenly upgraded TP from RM 4.4 to RM 7.00. What a joke!

Great QR! Family Fund segment has achieved a growth rate of 53%. TP above RM 9. Takaful is on the right track entering FBMKLCI 30 club.

TP will be revised upward when Takaful has posted a superb QR. TP is dictated by the financial performance of the company.

EPF has been playing yoyo game since the share prices started moving up from RM 4. Share price keeps hitting all time high. If we look back the revenue growth behind in QoQ basis for the past few years, Family Fund segment is the main driving force. Currently, Net earned contribution from Family Fund forms more than 80% of the entire funds earned. Will the momentum remain in next few quarters? We can go into detail on its growing trend to gain insight.

Net contribution earned for Family Fund QoQ

Mar 19 - ???
Dec 18 - 54%
Sep 18 - 41%
Jun 18 - 11%

Mar 18 @ -2%
Dec 17 @ -3%
Sep 17 @ 0%
Jun 17 @ 0%

Mar 17 @ 13%
Dec 16 @ 21%
Sep 16 @ 23%
Jun 16 @ 11%
Mar 16 @ 25%
Dec 15 @ 10%
Sep 15 @ 11%
Jun 15 @ 8%
Mar 15 @ 14%

Raider has become a stock punter after profiting from few successful trade. This is another cup of tea not suit your taste. How on us punt Talam in big quantity? Talam is good for earning coffee money. It is not our bread and butter.

High growth in family takaful segment. It will continue to trend higher. This segment started picking up in last 3 quarters. LPI is able to fetch PER 20x even experiencing much lower growth level. Opportunity to buy on dips.

Great QR! Go Go Go.

3iii In investing, the investor is better off when he frames his thinking humbly.
I would like to start by saying: 

1. I believe I cannot beat the market. I aim for market returns. 
“ I don’t think of beating market. I just wanted to surf with Mr. Market. Therefore, I will try to understand the characteristic of Mr. Market. What are the main conditions affect the temperamental of Mr. Market.

2. I believe I am not smart or capable enough to identify many undervalued stocks that I can flip by buying low and selling high. I aim to keep a few stocks i know well. 
“ I don’t think I am smart so I got to work harder than others so as to catch up with them. Initially, If one spend 4 hours in this business, I am willing to give an extra 4 hours to sharpen my knowledge and skills. I do my best to accumulate knowledge of the industry and companies in order to identify companies enjoying big trend in near future.

3. I believe I am not perfect in my valuation and can get this very wrong at times. Therefore, I keep to those stocks I know how to value using conservative assumptions. 
“ Perfection exists at our dream. I would rather be humble and accept my incorrect decisions if Mr. Market doesn’t recognize my view. Therefore, I would set a cut loss point and keep learning fine-tune the process of making a decision.

4. I believe I cannot predict the long term future of any stocks with certainty. I keep from making mistakes by investing into stocks with high quality businesses with durable competitive advantage I know off. Quality first, then Price. 
“ It not easy to make a long term prediction due to fast changing business environment and low availability of moat companies in Bursa. It doesn’t deter me from making a positive returns. I would spend more time doing research in predicting companies earnings and for 3 to 6 months. I believing this is part of the skill can be developed to take advantage of the Mr. Market. I got one holy grail….. setting a cut loss point.


5. I believe I do not have an edge when it comes to timing the market and flipping stocks like others. I stay with what I am comfortable and which I feel I have safety and edge.
“ I would accept my flaw of timing market. No mater how much I learn, I am absolutely unable to time the market correctly 100%. It doesn’t matter cause I understand the impermanent nature of the market. I do time the market to certain extend. I would adjust my Portfolio against Cash according my tolerance level of market risks.

Property:

Tambun
Huayang
KSL
Mkland
Jkgland
L&G

The glove sector is suffering de-rating due to excessive goreng. RM 1.2 is considered low at PER 14x . The other top 3 glove makers should drop at least another 25% to reflect the weak market sentiments and excessive valuations.

You will do well after 5 to 10 years no matter what has happened to the market. I will mimic your strategy once I get bore of being a momentum value trader. It's just the some conditions driving me to this direction since few years ago. It could be partly due to my eagerness to look for gems in the market. I got a long list on hand updating QR every quarter. I use my homework to project whole Malaysia market trend. It provides a reliable information for me to forecast bull or bear ahead. I like do this kind of job..so no choice for moving into this direction within such conditions. lolz

In general, I would advise my friends to adopt your strategy as it's not easy for being a momentum player due to high risk nature of trading and involving a lot of time to do homework.

Posted by 3iii > Jan 6, 2019 08:44 PM | Report Abuse

>>>Up_down I will revisit 3i portfolio again in next bear cycle...after ending of next bull run.
06/01/2019 18:21<<<



The stock market is cyclical.

To know how well your portfolio has performed, it is better to compare your portfolio value today with the comparable period of the previous cycle.

I will revisit 3i portfolio again in next bear cycle...after ending of next bull run.

Share prices remain at high level. Good time to ask for money through private placements to fund FV mart expansion.

Don’t play play with Raider. He is good at bottom fishing in applying BG principle in bear market. I witnessed him striking a handsome returns last round. He is patient enough and willing to wait another 2 to 3 years for market to come back. It’s not only growth companies benefited in bull market.

We can’t defy market cycle. 3i was enjoying better returns in bear period. Investors are defensive and willing to park their money in stable FMCG companies. It won’t last for long as usual, although, I don’t foresee any big drop in the share prices. I believe in nature cycle of up and down. Traders would be certainly outperformed in bull market future.

Icon. It’s really take your time to digest his ideological. Not easy to absorb his information since we have been practicing value trade in few years back. We get used to our way and feeling comfortable with our existing strategy since it has proven to us. Our resistance is much lesser if our value trade strategy doesn’t work and we are eagering looking for better solutions to improve our situation.

Posted by Icon8888 > Jan 5, 2019 06:38 AM | Report Abuse

I have bookmarked this thread to read it thoroughly

Forcing myself to read so as to tap 3iii wisdom

Even though it is difficult to do (falls asleep after few minutes, due to ideological difference)

But I promise myself I will finish the whole thing . But need a bit of time

BG’s strategy is more focused in timing of snapping up undervalued or margin of stocks. Newbies have to do more trades to realize the term ‘undervalued ‘. It’s all about relativity and much dependent on market conditions (especially market liquidity) to realize the potential of undervalued.

Posted by stockraider > Jan 5, 2019 10:51 AM | Report Abuse

The all in investment strategy advocated by Ben Graham, Mr Market and Margin of safety actually is applicable to everything u do on shares loh....!!

Whether u r an investor, speculator or trader the same principle apply loh....!!

Mastering this principle u should be able to do well in stock market loh..!!

Yeah. It’s easy to trade once you get used to it through acceptance of our mistakes and learning experiences in the process. It may take years to endure such setbacks. Life becomes easy once we accept our mistakes gracefully in trading.

I am waiting the opportunity to sailang in technology counters. Lolz

3i has finally bumped into a person who attained the similar level with him. Both is very unique and rare in our investment community. We can hardly find them in surrounding. People nowadays focus more in short term profit due to short cyclical nature of the business. Many companies in Bursa are unable to perform well in long term. Moat companies are traded in high 'fair' prices. It's not they don't want to keep for long term but being forced by unfavorable conditions of limited supply.

Newsbies are certainly benefited most from the conversation as they are remained fresh in their investment philosophy. They prone to accept new ideas and strategies but greedy in short term profit clouded their mind as majority of the community favor short term results.

The life of a trader or value trader is rather difficult in the initial stages. They have to suffer a lot in terms of monetary and mentally while acquiring experience. No short cut other than keep aligning our thinking to the market requirements. Market is our clients. We always serve their needs and satisfaction.

Great! You know the reason behind. Time for you to embrace such feeling while it is arising next time. Just let it fly away gracefully.

Posted by stockraider > Jan 3, 2019 08:44 PM | Report Abuse

Why ??

Bcos 3iii discredit my most respected sifu Ben Graham mah....!!

Raider. You emotion seems automatically heat-up while mentioning 3i. That's 3i core competence ma. He has been applying it in a successful way more than a decade. He did well. I believe you and him would do well in future.

Posted by stockraider > Jan 3, 2019 08:29 PM | Report Abuse

Updown why do u say that ??

Raider is also a practioner of Philip fisher principle too mah...!!
Raider argue with 3iii bcos....if he says his method is the only successful method loh...!!
This raider does not agree tthis the only approach loh...!!
Raider believe many routes can lead to Rome mah...!!
Basically this where the disagreement with 3iii mah...!!

Raider. If you really want to learn PF principle, you have to learn it wholeheartedly through real practicing. With only that, you can realize why you can’t accept 3i investing principles....Why you feel annoying when 3i talking his principles.

You are good in applying Ben Graham principle and that’s your core compency. Now, you are trying to diversify into Phillip Fisher principle. Not easy to learn both unless you are willing to let go Ben Graham principle first. We can feel it while you are having a conversation with 3i. You have been always applying your BG principle to defend your position.

Posted by stockraider > Jan 3, 2019 07:24 PM | Report Abuse

Raider always make a stand that Ben Graham & Phillip Fisher principle do not need to be always mutually exclusive of each other loh...!!

Who to follow when one analyse a company based on Benjamin Graham and the other based on Philip Fisher principles? No ending argument due to different frequency. You talk your way and I talk my way. We will certainly reach the entirely different conclusion. Important is to stick with our core competence in analysing a company and understand the risks associated with it. One laser sharp knife is more than sufficient to stay afloat in the market.

Foreign Funds status in Bursa Inflow /(Outflow):

Year 2018 - ( RM 11.68 billion )
Year 2017 - RM 10.33 billion
Year 2016 - ( RM 3.03 billion )
Year 2015 - ( RM 19.5 billion )
Year 2014 - ( RM 6.88 billion )
Year 2013 - RM 2.4 billion
Year 2012 - RM 13.7 billion
Year 2011 - RM 1.8 billion
Year 2010 - RM 15.9 billion

Foreign Funds participation in Bursa is basically a strong forcs to lift up our 2nd and 3rd Iiner. With their withdrawa in the market, the market may encounter liquidity problem. Many share margin players would fall into money crusher as a result of tumbling in share prices. This vicious cycle continue as bad news clouding the market and many counters drop to tempting valuation that hard to be resisted. It's still a good strategy to keep certain level of cash to fight until FF started showing their confidence through positive participation.

Trump is standing on the interest of Americans to start demanding a ‘fair’ deal with China. If China is really able live independently from US, then they can simply ignore (lcly) Trump. No matter we like US or not, we have to face the reality. See what would happen to China and US economy in next 6 months.

High potential of incorporating laser headlight in more cars. Who is Gtronic competitor in this business?

https://www.youtube.com/watch?v=aXzyi6X8cZ0

Is it D&O, Jhm and Gtronic involved in laser headlight business?

Thanks Icon. I do tracking big players financial performance in this sector. They have been performing extremely well. Valuation in PER dropped to low level due to trade war. I have to spend more time to accumulate business knowledge and understand more the supply chains linked to Malaysia listed entity.

Chinaman is being too greedy. Their business model is seen rather scarely to many people. They would go for extreme to achieve their goals as no religion to them back. '一條龍" business strategy is notoriously in eliminating the survival of others. State enterprises are being subsidised heavily to eliminate competitors and deploying new technologies concur another at whatever means. Being the 2nd largest economy in the world, CCP is instilling boycott technic to their own people punishing non local brands when something happens against their political wills. No way for US to stop them once they have achieved made in China 2025.

Yistock is almost fully embraced with technology theme. He focuses in researching technology counters. He knows well the mega trend for future. I got much to learn from him. Not easy to understand the future deployment of technology as comparing with the conventional business model.

Probability. where's your portfolio ?

Paper. Where's your portfolio for this year?

CharlesT curiosity is quite reliable most of the time so we wait and see la.

Probability. You see. I am just placing small bet. OTB bet is much bigger than us. lolz

Posted by probability > Jan 1, 2019 11:03 AM | Report Abuse

guess, people like Icon, paper, updown are business prospect predictors who will realize spectacular gains if it comes true...and vice versa

you can see people like intelligent investor, Jon, 3iii....are more like investors based on already visible outcomes..so their beta is low...

VenFx bro, Plastic industry had been facing gross margin squeezing due to escalating resin price moving in tandem with crude oils over the past 12 months. I am expecting crude oil prices to stay low in year 2019 as demand slowing down while China is facing economy headwind.

Besides the potential of returning higher gross margin, BPPlas has almost completed construction of new plant judging from the P & M acquisition in 3rd QR. The extra capacity would offer top and bottom line growth, although, not substantial.

AR 2017
"The construction of new factory and warehouse building (BP11) is progressing as planned and expected to be completed by first half of FY2018. The new building with a build-up area of 61,420 square feet will allow us to expand storage and improve production processes in order to fulfill more customer demand in near future.
The Group has allocated approximately RM16 million CAPEX on plant and machinery this year to support the business growth. The planned investment in FY2018 will help the Group to garner more market share, particularly on more export sales."

Yeah. Both sifu should join this Pig year big event 華山論劍 in i3. Lol

Posted by probability > Dec 31, 2018 11:24 PM | Report Abuse

sifu Calvin Tan also would be nice...also Mr.Koon