Icon8888, appreaciate all your hardwork. Cheers!

Relax everyone...the johotin factory is still producing profit. If not this quarter...there are many more quarters. The world has not end yet. Just hold a bit longer. If need cut loss/ take lesser profit, be positive always. Cheers!

Relax....

Wait until the fighting cloud is clear. Then will repost it. Thank u

Expecting 1:1 bonus

Be brave! Maximize the gain via Inari -WB. It is deep in-the-money. Thank you.

Mr Tan, kindly please add dividend for TMC life Ex-on 26 Oct 2015 @ 0.14 sen per share. thank you

I sincerely hope the below post served as a very good education material to value investors. There is no way a gambler who thought he is smart, and can earn the most in stock market, by speculatively buy sell a share in stock market (buy low sell high?? again an again??). It is certainly a unproved method.


Posted by Zbaikitree > Nov 12, 2015 11:26 PM | Report Abuse

only an idiot want to earn the most in a stock mkt.

...
The fundamental has not change just yet but weak holders already got scared away by gamblers..True as some may have sold at 0.93...but how much do u expect a gambler can earn? Selling at the highest doesn't mean earning the most. I agreed with Icon8888, let the profit run.

Icon8888, normalized eps should make it RM 3.50. China 2 kids policy should propel it to RM 4.00. Of course i personally dont expect that smooth sailing quarter results ( expect the unexpected), but i think quite highly on this company. If not, they will not increase the production capacity.

My opinion. I see this as healthy little pull back after such a quick bull run plus a little "baseless" panic from weak holders. Warrant's premium has been traded around +/- 16%.. today close is still around that region. Mother shares still traded at around the same PE. The fundamental has not change just yet but weak holders already got scared away by gamblers..True as some may have sold at 0.93...but how much do u expect a gambler can earn? Selling at the highest doesn't mean earning the most. I agreed with Icon8888, let the profit run.

Able food n Able dairy need to be examined differently

murali, i offer a PE of 15 for higher growth stock. Cheers!

How about running a statistic to confirm this hypothesis at 95% and 99% confident level. I have used a lot of statistic during higher degree study..very sad to say, have totally forgotten how to input these data. But the result will definetely carry a lot of weight. Regards

Ezra, no worry about any comment. If you agree with me, market statistic is one aspect, company performance is another aspect. We see boom n doom and many different sector, but companies still perform differently. When CPO price / COP retreated 50%, there are companies that still doing very well. Opposite is also true. Our job is to keep looking at the performance of companies, the rest leave it to the luck. Cheers

Amit Khindriya
Inari has enjoyed tremendous growth together with the upcycle of Semicon industry last 2 years....however, 2016 and 2017 is expected to be slow...look at Gartner estimates. So just be cautious.
23/10/2015 11:22

Ezra_Investor
YiStock, I've recently conducted some study into Inari.
One of my findings is that global smartphone sales growth has dropped significant recently. http://www.gartner.com/newsroom/id/3115517
Hence it may be better to stay more conservative.

On one note, Inari EV/EBit is now 17 if i'm not mistaken, which I'm not keen of.
The valuation seemed too high for me. What do you think about it?

It's not a disagreement with you about Inari, it's just a discussion.
And oh yeah, forget about the other comment of mine. I've done a wrong calculations and deleted it.


Hi Amit & Ezra,

I think as an investor, we must be able to digest the information presented to you especially information from media.

You see, human psychology is somehow designed to be "pessimistic". A same scenario, when presented in negative/ pessimistic way, it tends to receive great attention.

From the link you provide, "Gartner Says Worldwide Smartphone Sales Recorded Slowest Growth Rate Since 2013";

i would read it as:

(1) " Wooa...when the whole world seem troubled by many issues, smartphone sales still recorded growth!!! thank god

(2) "Growth Rate" VS "Negative rate". See the different?

About the EV/EBIT at 17, i will usually add on ROIC.

ROIC+ EBIT/EV must be at the minimim of 20%. Anything above 30% i will consider to buy too if other quantitative criteria such as PEG or margin of safety and etc are fufilled. Also to look at qualitative aspect of business.

If you look at light asset companies like Scicom & MYEG, the EV/EBIT will definetely very high.. but because their ROIC is extremely high, people still willing to look at them.

This is my thoughts. Cheers!

bsngpg Hi Yi: You did great calculation and are maximizing leverage effect on WB. On the contrary, I took a bit more conservative approach than you where I converted the only two free WB to mother share as I think the 40% DPO would suppress the “up” of the mother share. Furthermore I am cheap in enjoying the tiny dividend. Ha ! Ha! Good luck and looking forward to your venture to win big.
23/10/2015 10:51

Hi Bsngpg, i think dividend is definitely important. KC thought us well, your total return = capital appreciation + dividend. I let go the dividend as i perceive the quantum of appreciation of Inari-wb is worth more than the dividend yield. I assume dividend play is more on stagnant growth companies like those blue chips. For inari, the growth is still substantial.

I hope i m not wrong on this :-)

No right or wrong, just different investor's appetite. Cheers!

Mr Tan KW, kindly leave your email address here. Thank you

1) ever since gkent+mrcb won the PDP for LRT3, the competitor has been trying to vent their anger (or perhaps 输不起)， keep raising certain issues in the news hoping to stir the result. Unfortunately, prasarana has at least two times come up and ' reaffirmed' about the reason of selecting both gkent + mrcb. In business world, we always say 成王败寇。。if you cant win the battle, u better make sure you dont loose the name. Looking at the competitor's financial, i think we can see how desperate they want to win the contract.

2) while finger pointing still going on about the delay of the previous project (i suppose it happened everywhere), the issue again back to so call " lack of experience" in lrt project. Well, since the previous job has been completed, i considered this as experience needed for new LRT project just awarded.

Thank u

Dear Mr Tan,

Kindly please update:
1) Coastal Dividend ex on 9/9/2015 - 2 sen per share
2) Inari Dividend ex on 9/9/2015 - 2.23 sen per share
3) Scicom Dividend ex on 3/9/2015 - 2 sen per share

elephant, i do not use the taiwan segment to offset the Malaysia segment's loss, I hope the profit guaranteed can offset it.

Dear Murali, a suggestion of better approach, is for you to do some research on each and every company that recommended by other people, supported with facts and figures on your agreement and disagreement. This will prompt the formation of better investing community. The info will then be interpreted by individual readers and decide whether to buy or not to buy, to follow or not to follow.

I suggest you to do it NOW if you are on any disagreement to any new recommendation.

If you have done similar effort back in 2013 for mudajaya when cost "NEAR" over run was first detected, to now of over run by more than 30% of original cost, i believe that serve more positive purposes.

Hope you get the positive message. Good Luck.

Mr Murali, a good intention of yours, when over done, will bias into meaningless action. Hope you get the positive message. Life move on. Cheers!

Good research

certainly need more write up like this.

Maybe to add a little from my point of view. Looking at the stagnant/ down trending revenue and profit for the past many years, we can immediate "skip" this company and don't waste time to look into this type of company。 坐吃山空type.

Hi grace, costal has strong order book and have been my favourite stock since ooctober last year. They are two articles i wrote about coastal. U may take a look. Also look at bursa dummy article. His version always the most comprehensive one. When i look at a company fundamental, it includes the past + projected future. Coastal's past has been good. The prospect of future of o&g industry look bad. But will the bad future of o&g affect coastal? If yes, how long? I have no idea. Therefore, cannot tell u decisively whether to hold or to sell. I was giving a suggestion to use coastal as the case study when u taking up investment courses from the two gurus. With clarity, it give courage. I think that is what u are lacking.

Hi Duit, thanks for your kind support. Still havent finish analysing. But my focus are on technology, garment, plastic film and packaging, export fmcg, about 30 companies to study. Hopefully can find germ.

Grace, my opinion. Keep the stock if (1) the fundamental of the company has not change; (2) if u are not in urgent of using the money. Meanwhile, take the opportunity to learn up proper share investment basic. first via mr kcchong, then mr ooi teik bee. If u are quick and fast learner, sign up the courses simultaniously. In bursa, i only listen and learn from both of them. They are both excellence teacher. I learned great deal of things through them ONLY. About your coastal, if by then u completed the courses and u still have your coastal, u will fully undertood what u have been doing. Regardless of losing or winning money, u will learned. And certainly this experience will path your successful investment endevour in future. Final decision is yours. Good luck.

信心危机

Thanks Mr Koon for your advice. Happy to have you in i3 to share valuable investing experience here. May god bless you for all the good health. Regards, YiStock

Hi Duit, appreciate your feedback if u hv.

Mr Tan, Kindly please help update on the TMC life bonus warrant. thank you

Good sharing gimmy2u

Appreciate many post has been posted....maybe to keep this thread float or to keep the spirit on..but i believe genuine investors will continue to stay invested...perhaps the best approach is ignore looking at the stock...just my suggestion.. Over posting is a waste of time especially when the share price is not moving...time is needed for good share to perform. Cheers!

忠言逆耳

i3i2i1, my own 2nd TP remained unchanged at 3.82

http://klse.i3investor.com/blogs/Inari/71543.jsp

RM 1 billion Revenue should be achievable in FY15 to FY 16.

Samyew1234, thank u for your post about the AGM..via your post, i managed to confirmed something.

If my logic is correct:
Nobody will sell a RM 1 worth of thing to somebody at RM 0.70 especially when the company has bright prospect.

If my biz assumption is correct, we should see CleanPart may soon to be the single biggest share holder in Frontken as spear head for Cleanpart GMBH to have foot hold in Asia.

Currently this company has only market in europe and USA.

The overall development should be good for frontken via Ares Green to also tap into USA and Europe order.

Congratulations in advance IF there is such development of prospect.!

hi Mr OTB, may i know the rate of return you normally use to tabulate 30% MOS. Thank you

Mr KC & Mr OTB, for such "invest fest" to be successful,perhaps we need a well respected people to be the organizer. And in i3, i strongly recommend Mr TanKW, if this meaningful event is not a too big burden to Mr TanKW and he is willing to spearhead the event. Hopefully to be in next month and i can sign up as Mr OTB's disciple too since i am already one of yours. It will be great if both of you can share the outlook on bursa companies. Cheers!

Thank u Mr kcchong..hope to learn more from U..seriously looking for u join hand with a Mr Ooi..to organize an investor club or at least a seminar or gathering or retreat or anything that can bring all value investor together. Thank u

Congratulation!!!

http://news.cnyes.com/Content/20150611/KKJJAW588H5U.shtml
第三十四條　第13款

1.董事會或股東會決議日期:104/06/11

2.投資計劃內容:

為因應客戶先進製程技術(28nm以下)洗淨服務需求，本公司擬重新規劃及擴建

現有半導體先進製程洗淨線規模，以符客戶所需。

本案所需經費：預估約需 NTD 278,730仟元。

3.預計投資投入日期:自104第3季起

4.資金來源:自有資金或銀行借款

5.具體目的:擴充產能及業務

6.其它應敘明事項:無

I will sign up as his student

icon8888, if the question is directed to me as not sifu, my assumption is during bear movement, wait for ample margin of safety before add position. During bullish movement, hold as there is unlimited upside. Sell only when company fundamental deteriorate regardless of bull or bear. You are season investor and i m sure you have your figures in your mind.

The real sifu to consult is Mr OTB. Hope to have chance to meet in Mr OTB office one day. Cheers!

In i3, only consider advice from 2 proven masters: Mr OTB and Mr KCCHONGNZ..words from them carry mountain weight. Cheers!

Mine at RM 0.416 - RM 0.51 range in 2 years.

Will add 3 times position at 0.18 with margin of safety 23.3% at risk-free+premium -12%

Mr OTB, you are damn good. Will pay u a visit next month in your office. Thank you

good drop..congratulation to all value investors!