Damn hard sell. GHL might have potential, but then again there have been so many companies that have promised so much and yet failed to deliver. Investment is about certainty. Over time it would be better off to invest in proven capable companies rather than companies with potential. If you want to try you luck with GHL, probably not more than 2% of your investment portfolio.

LIONFIB has little debt, only about 50 million of bank borrowing. Receivables >> Payables so can be ignored.
Bank deposit is rich at a per share level of RM 1. In addition, there is another 250 million of loan to related companies, which is about another RM 1. Other receivables and prepayment is also staggering at 400 million.

It looks to me LIONFIB has been abused to support some other companies. LIONFIB would not be at current price if it has been managed properly. Just collecting those loan back would have push the stock to RM 2.

It is disappointing to have Mr Koon leaving this forum. By the way, 5000 haof Palm Oil is insignificant to Gadang.If you buy Gadang for that, you bought the wrong stock.

kcchongnz , nice experiment and wonderful conclusion.
One thing to take note, the quality of NCAV is important. For property counters, the asset is mostly land. If you perform the same on industrial product counters where the NCAV is in equipment and factory, the result would probably be poor.

This is a very misleading article. The 19 acres of Land does not belongs to EURO and therefore EURO does not worth RM 12. Having a rich uncle does not make you rich.
If the land is indeed injected into EURO, then we will see a fair bit of development. However, the shareholder is not going to inject a piece of land at zero cost. EURO would probably need to raise fund for that. EURO market cap is only RM 50 million. How much additional capital would need to be raised for a piece of RM 1 billion land ?

Yes. Return from mutual fund is most probably mediocre. Return from London biscuit however is most probably negative. Anyone who cannot see what is wrong with london biscuit is not good enough to survive in stock markets, not yet.

Anyone who thinks this counter is good should close your stock account and invest in mutual fund. You are not yet ready.

final batch of 3 million PP not yet list. One last hurdle to clear.

Dali brought people to Holland ? Dali also recommend stock ? Are we talking about the same Dali ?
Malaysiafinanceblogspot ?

It is a bit sad to see Mr Koon stop posting. He has made so many investments, some fail, some success, so what ? Why focus on the few poor decisions ?

If nothing about the fundamental changes, I won't cut loss just because of price drop.
On the other hand, I will not double down because I would like to maintain a certain level of diversification for my portfolio. Do not assume that you have 100% known , 100% understand and can trust 100% the information available.

If my calculation is correct Pintaras Jaya will have EPS of 0.12 sen for 2014Q4 and EPS of 0.11 for 2015Q1.

lmenwe, I wonder why the counter gets so much coverage. I just shoot it once 2 weeks ago and here it comes again !

It is a steady company but probably not in a very favorable industry. Profit margin is less than 5% ever since 2009 while it used to be around 6-8% before 2006. It would be interesting to analyse if depreciation increase contributes to profit margin drop. I would assume so because revenue increase by 3 X .

This is a wonderful analysis. I have been wondering why ECONPILE with a larger market share is not as competitive as PINTARAS. You make it sounds so simple. I have to applaud your ability to identify details as well as to present it in a format so easy to understand. Thank you very much.

The FMCG portion of LONBISC is hopeless. If LONBISC can demonstrate 2 consecutive quarter of positive cash flow, then I am convinced. Forget about the NTA contributed by the equipment. If they are of any use LONBISC will not be bleeding cash for so many quarters.

As for the land held, no comment.

Looking through the asset list, one can make a conclusion that while IPmuda is a company with potential and probably low in risk, their NTA is not quite valuable as they are scattered around and not under proper management. They do not have any piece of land that is more than 5 acre.

My wish come true. I will pick up in September !

This is bull shit. The analyst does not dare to show the cash flow analysis.

LIIHEN is at few years high. If there is no chance of ousting current group of management and cannot agree with their management style, why not just sell the share and move to better companies ? What is the point of spending so much effort at the AGM. I don't know about the whole story but we need to learn how to move on, even if we are correct.

Icon8888, PJDEV has very limited land bank. Counters like SBC and GOB offers a nice safety margin in terms of land bank

I sold at 1.6 to switch to Magni and Latitud. If really drop to RM 1.4 then I will be back. Rule of thumb. PRLEXUS = 0.5 x MAGNI, whichever cheaper, sell the other one. Someone recommend to switch to PRLEXUS from MAGNI due to Vietnam riot, bad bad advise. Due to the momentum caused by this advise, expect PRLEXUS to break RM 1.4 this round.

10% for worst case, so if price drop beyond that , safe for entry.

In manufacturing the main concern is how long does it take to recover the capacity. If building is gone need 9 months, building seems to be safe. Machinery repair 1 month will do, purchase new machinery about 3 months. Not all factory affected. Assume loss of one month for affected factory, total production loss for latitud is probably just 10%. Share price drop of more than 10% would probably be a safe entry point.

Icon8888, thanks for your writing. I am amazed by your diligence and detailness in your research.

Just like you, I also try to avoid overweight in property counters. It is apparent Malaysia property market will crash. The multi billion question is when ? 5 months, 5 years or 50 years ?

SBCCORP, MKH and GADANG are more than 30% of my investment so I am very careful not to purchase more property counter.
If we read from just earnings and land banks, most property stock are a BUY.

Are you able to compare among the counters that you have covered and advise which one is THE BEST BUY ?

What the hell ? So much hassle only for RM 620,000.

Wonderful and insightful analysis !

The only way to unlock the value of SAB is to sell the land or start a development project. Somthing must be going on, causing the price of this thinly traded counter to move.

I dont think rm 2 can be reached before private placement completion. I am still holding 70000. Planning to increase to 100000

It is true that private placement will deter buyer in the short term. Until the price is fixed, unlikely to have major up or down movement.

I have 60000 units of hevea, looking to increase to 100,000 units. I don't care about the price as long as cash flow is impressive and pe is low. I have no price target. I will sell probably when pe is beyond 8 or hevea embarks on capital expenditures.

HEVEA is generating so much cash and they have already over-expand 5 -6 years ago. Capacity is not an issue either. If a right issue does happen, it means the major shareholder are trying to tighten their grip on the company and squeeze small and short term holders out of the game.
A positive endorsement for the company but not the share price in the short term.
In that case, share price will probably stay low until next quaterly result annouancement.