Looking back the previous year when ringgit falls. There are so far 2 main reasons i noticed that caused the ringgit to fall. Ringgit depreciating is a boon to exporters yes but this is only on the outside. A little ringgit rise will not simply cause the exporters to die...this is simple logic and some exporters have been doing business well even before the ringgit was dropping from 3.80

2 reasons i believe why rm is still down.
1. Political uncertainty. ..with 1mdb n the funny news on it this will cause investors to lose confidence in doing business in msia. Even bank negara zeti said it. This is a no brainer. If investors lose confidence in msia what do they do? They sell their holdings n cabut. Hence rm drops. Foreign holdings in klse has drop a lot especially from stocks n bonds. I believe last year up to rm1bil has left the klse..correct me if i am wrong. Thats why i belive rm will not go up but down. It may just get stuck now. We dun know. But to regain 3.80 i dun think so...until confidence comes back

2. Oil price.
Didnt anyone noticed that last year oil price goes down our rm start to wobble n then topple over? Unfortunately outside investors know our oil is our main revenue n budget 22%
http://www.eog-asia.com/malaysian-oil-and-gas-sector-to-account-for-22-of-government-revenue/
Hence its a perception problem. Noticed that our rm shoot up when oil up last 2 weeks.

Cheers

Kc thank you for this insightful article. Happy CNY!

Right. I see still a lot of jealousy n blame games here. A lot of vengeful ppl too. Lol

This forum turning into a circus...

From personal experience and some tips from friends on when to sell at peak. Unfortunately there is no fool proof way to know this. At best u can only sell almost before the peak or after the peak. Even for an investor without emotions this is difficult.

1. Overbought territory ftom a technical chart perspective. You can see that if the rsi is overbought at high volume it may be time to go. This works but again it is not an absolute value. But at least u sold around the highest price.

2. Profits of company declining. Once u notice a trend of profits coming down. Time to go lo. Be careful for one off exceptional gains items.

3. Macro economic changes or micro changes. Eg oil price drops. I made a mistake of not noticing this n bought thheavy becoz of the price is cheap. Kena caught big time. So have to cut loss. This is known as macro change. Micro change is specific to the company u buy. One of the big shareholder tan sri quek left in a hurry from thheavy...he cut loss. Again i didnt sell...stupid decision. Moral of the story must always read news n monitor for both changes. U have to learn to be info savvy as well. Now oil is cheap oil companies are cheap. Logic says time to go in. But of course again dun put all your eggs in one basket. Btw i have sona and am keeping it until i see no hope.

Buy n sell at your own risks. Cheers

Again attacking n finding old man's faults instead of trying to understand n learn about smart, objective n detachment from emotions investing..sigh
Even Warren Buffet can made a mistake n it really takes guts to admit wrong n move on better

Good info too. In this case it will be nice to enter around the price of 1.20. But warrants are way too expensive for me. 0.40! Crazy

Make love not war gentlemen. Peace! N happy cny

This is really getting to be sort of an ego fight..aduh

Why jealous of mr. Kyy earnings? I am curious.

The ways of investing which I believe is logical and will make profits. However all assets prices are subject to a special risk called market risk. U will not be able to diversify this away no matter what you do. This is a true fact.

1. Knowledge is power. Learn n understand info. Always read info and articles with an open mind. If u Dun believe ask why. Go find out if true or false. Trouble is..ppl either blindly follow or blind condemn..why? Shame of losing? Fear?cannot admit mistakes? U only got yourself to blame for not listening or blindly following ....
It's your money. .Hence your responsibility if u cannot understand that than u really have no brains to invest.

2. Market timing. I notice there's a lot of uneducated ppl looking for ways to make a quick profit by going for market timing. Unless by are a hedge fund with lots of resources..tough luck. U just can't do it. All proper sifu here will even advise on it. Even if u manage to go in properly.can u go out properly as well?
Hence just find an average price to go in. Eg 1 year average price or low point. If u still ask ppl for easy way in. Dun blame if u lose money

3.nerves of steel. Markets are always volatile. U think Klee is bad? Look at China and especially the fx markets. Those are volatile. Can't stomach it? Then u have no business to be in it the first place. Idiots.
If your stock u have is good u will even buy more when it goes down!


4.believe in yourself n confidence.that's why u must research properly and be confident. If u are u will hold on n not sell over simple volatility like the exchange rate. Lol. This is a damn good opportunity!!

5. Hold a portfolio. Do not put all your eggs in one basket. Buy at least 5. Remember market risk this will never ever go away. Can anyone honestly say they can predict that the oil price drop 2 years ago like shit? Never. Even if 2 stocks go down..at least 3 makes money is ok

6. Emotions n pride. This is the downfall of all ppl. U can lunci say u make money..true but the stock market is merciless. It doesn't care about your emotions or feelings..so if u get caught it's only your fault.
Detach n cut loss if the company loses money. Do not hold on to it. I make a mistake on this in Gpacket. I lost a lot of money. Buck up n move on. Cut loss. If u can't then u may even lose all.

Even if u are a super investor u may still lose some money nobody is super lucky all the time. That's why u have to be prudent n careful n aalways monitor. The world's economy changes all the time. Hence we also need to Chg. There's no foolproof strategy in investing .only constant learning n detachment from emotions.

Good luck.
PS. Know of John paulsen in the US? He made billions betting against sub prime in the US. Now he's losing money. I guess he got overconfident n greedy.

Just for curiosity sake. How come it's fCf is negative while it's cash balance is 300+ mil? Any ideas? Cheers

actually i believe its the mentality of the chinese owners in china itself.

1) dun give shit about enhancing shareholders return...becoz majority of xinquan owned by only 1 fella.
2) maybe the huge cash reserves are for ease of siphoning out anytime for own use....
3) they are in china u cant do anything about it in msia..sue them? how?
4) just dun care about the share price....why care? got loads of cash to use ma...who cares my stock price in some far away land drop like hell

I believe china ppl's mentality is like this. almost all of china listed companies in msia stock prices drop like mad...no logic

I would stay away from china companies. buy at your own risk

good luck

Desa some ppl just can't accept that other ppl are better n makes good sound moves. Jealousy n refusal to acknowledge ones own mistakes will result in an incapability to learn new things. I have lost 500k in the stock market before. Buck up n relearn. Simple

That's why u must diversify in your own portfolio. Plus do not blindly follow other ppl. Do your own research n chk.

Even if u were to short the market. U shldnt put all your eggs in. Especially with margin. Big risk big gain but big loss too.

As long as out of 5 stocks u buy 3 make money is OK dy. But of course dun simply buy becoz ppl tell u too or follow the trend..sure die one day. Be logical, Chk why it's good, use common sense. With Google Now it's so easy to search for info

Even Mr kyy may have made a mistake in xinquan we Dun know. But as long as his overall portfolio is gaining n not in dreamy penny stocks that's fine.

Nobody is perfect n no point condemning other ppl. It's a free world n nobody's forcing u to buy

Good luck

Hmm seems like some ppl wanna sound sophisticated without the proper knowledge. Even I am a CFA graduate...i never knew that free flotation of shares are sophisticated words. U Shld also mention closely held shares/company now this is a better word to describe jcy

Wow now that is really rude. Gray if u dont like desa just ignore him why bring his wife into the picture with such comments? Come on man. We are all civilised ppl not some animal from the jungle

Desa your wife is very smart n sounds like an ultimate buy n hold strategy. I wpuld say theres an oil crisis in malaysia now. Contrarian will buy into oil n gas now but of course like cfa charterholders would say always diversify...

Always take any forecasts with a pinch of salt...

Some of the directors sold is due to the public shareholding criterion. Look for their announcement in bursa. Plus main shareholder not selling yet. And they own I believe up to 75% of jcy shares

I think dialog has a shared refinery in rapid pengerang...dunno share with who. And dunno refine what chemical

Where oil prices go..its really hard to say lo. Tts why Warren Buffet also cepat buy a cheap asset refinery first.

Upstream downstream doesn't really matter for us unless u have an army of analysts at your side. Simple ppl like us try to look for opportunities n must grab it if it's there. Again buy at your own risk.

If u Dun even have the stomach to see your simple cash of 1000 lose half it's value..u just dun have the nerves of step to succeed. Then just dun buy n invest in properties n not shares

This up n down movements in oil is called noise. Unless u are an oil trader/ currency trader u will be very concerned. That is also if u short or long in very huge amounts for a short period of time..less than a day. This is your typical traders. Thriving on volatility.

I believe oil is also grossly oversold but this does not mean it will go up soon. Prices can be depressed due to sentiment factors or psychological factors..so it's just hard to tell!

Now is there's time to follow the true saying of buy low sell high.

I believe oil n gas sectors are depressed like hell now. So try to get one with good prospects n less debt. Now u may still see the prices still go lower that is noise n volatility..u can't get rid of it. U will need nerves of steel.

It is also true jcy may need a new catalyst for its shares to move up. Hopefully feb release profits will be more. They also said about a merger thing but no news yet.

If profits are low jcy will be red flagged by me ...lets watch n see

Plus the owners own shares of jcy thats why jcy pays good dividends lo. Can put back into own pockets ma. Simple logic

Hopefully can shoot up to rm1 like hibiscus! Then warrant holders will laugh all the way to the bank. But i honestly think will take time to go up to rm1. At least a year n the oil price recovers to about usd50 me thinks

If pressed down good opportunity to accumulate more jcy shares

Those who feels this stock is bad should just sell n run. Enuf said
So many ppl have already done research n give advice already. Its really true not all have the guts nor foresight to make it in the stock markets

Sona already said to use the remaining 55% as expenses n extra stuff. This already means spending the whole money. Now I dunno about sc but I do know there's a new substantial shareholder in Sona. Pacific. U think these ppl are stupid to buy in Sona without some solid reason? Plus the money they spend are in millions compare to our pittance cash. If 2 funds actively keeps accumulating Sona shares since last year I think that's a good enuf reason to buy. They have more to lose than all of us. Worry too much u will miss the boat.

Good luck n enuf said

So this means stay away from this stock lo. Until got more clarification

Is there an official statement from the sc saying that? Anyone seen that yet?

Best for the uneducated to learn about the balance sheet, cash flow statement n income statement as well. No need to learn everything..just these below will do. Profit after tax, operating cash flow, cash balance, assets revenue n liabilities. PE ratio too

Cheers

U cannot predict the ways any share prices go. They behave differently becoz of the underlying ppl who buys or sells the shares. Ppl have emotions and feelings. It's all psychological. Fundamental n technical analysis also cannot truly explain which ways the prices go.

Moral of the story? Look for cheap enuf prices from the eg. 1yr price range. Low PE < 10 ,good business prospects, maybe good dividends, good profit potential..etc eg or try follow uncle koon style.

The thing is markets behave in an irrational manner simply because the ppl buying selling the assets/shares/bonds behave irrational. That's why u get bull runs n bear markets. U can't really analyze too much from the balance sheet as well. The numbers may not be true. Lol

Just buy under your own comfortable range..talk n analyze too much is useless. N this is the reason lots of ppl just do not make money in the stock market.

U must also accept losses n move on. Keep learning from the experts. But do not blindly follow...research yourself as well. Even free lunches u must have the guts n intelligence to take the free lunch.

Good luck.

i think when the price reaches 0.60 ....ppl will still talk away and won't buy jcy even tho it is really cheap

sona is definately going to make a profit when the QA is approved. From zero revenue and profit suddenly to a full oil and gas company with producing rev n profit.

FRom a empty shell company to a full online company. The share price will surely go up from 0.44 How much up we will not know. but I believe at least 10%

Surely 10% is enough to make your simple profits?

Furthermore the share price has been steading around 44-44.5 cents for god know how long. This is the bottom price dy. there is no other way except up. So why are you guys still dilly delaying about buying it or not?

if you cant take the risk then do not invest at all. simple conclusion

btw i own some mother shares and warrants so invest at you own risk

the stag oilfield being bought by sona produces oil at a cost of roughly usd26 per barrel. Its in the news a while back

so i guess it will still make a profit especially since expense is in aussie dollars and revenue in usd and repatriate back in RM.

but 1 big question...who bought up the block of 26 mil shares from credit suisse?

I believe Mr. Koon just said a min of 5As for spm. And he never said u must be fluent in English to apply. It may also be broken English. I also believe he is looking for serious ppl who wants to study.
Seems lots of ppl like to jump to conclusions n criticise without looking at the bigger picture. Perhaps they can help sponsor n chip in?

Mr. Koon keep it up. U are a generous man

mr. ha what you are suggesting....is to see the future. Unfortunately there is no way to predict the future movement of any stock prices. You cannot catch the bottom nor the top. This is just impossible.
However, U can only try to buy in at the average low...which is now. Nevertheless, this is also one of the strategies...averaging down...buying in at subsequent lows.
Investing in stocks is not for the faint hearted.

good luck

plus klse is in a downturn at the moment. everything falls

trade receivables are what customers owe benalec in the short term period hence put under current assets.
trade payables are what benalec owe suppliers(or other ppl) short term(hence its in current liabilities)

so if trade receivables increased...this normally means ppl still owe them lots of money. this is ok and good. collection is another matter though.

however due to nature of business(as mentioned) profits for every quarter may not be constant...hence thats why i believe they are going into power infrastructure with pestech...getting more recurring revenue every month?

regardless, at 65sen now i will accumulate more. I see no wrong and issue with this slight quarter loss and the lawsuit. all companies go thru this anyways

so if you cant stomach any negative/positive views dont invest at all. buy a property period.

unfortunately investing is not for everyone...no matter what they all say. its not for the faint hearted nor emotional ppl.

VT knows this, warren buffet knows this hell even the fund managers knows this. At the end of the day the markets are very psychological...

hence the centuries tale of the strong eat the weak rings true...unfortunately

again VT know this, warren knows this heck even george soros knows this. they can all smell the opportunities and knows how to create them

Sounds like a lot of ppl crying wolf n beating round the bush...my ears n eyes are getting tired. This getting to be a useless n nonsense forum no thx to all the naysayers...sheesh

It is very weird n funny to see ppl blaming here n there, arguing on using nta pe, hating games, bashing games. U all must realise in equity or any asset classes investing there will all have a certain element of risk. N everybodys risk profile is personal.
One thing is certain. No risk no gain. Some can lose rm1000 with no problems. Some will hate n blame for just losing this amount. The stock market is not for the faint hearted. Play with wat u are comfortable with. Its the golden rule financial advisers tell u.

I am a gradute in cfa so i have some knowledge in this. Using fundamentals, technicals or gut instinct only helps maybe50 to 70% of the time. U still need to take risks.

I made some money n lost some money. Moral is to learn from your mistakes..learn from others n be generous in offering advises. No need to cheat n con ppl. greed is good but only up to a certain extent. U need to decide.

Thiis bjcorp i honestly do not know wat is the tp. From its p nl its profit is less than last same qtr. Bad? Some co profit is quite cyclical. Cfo is neg tho. This looks funny. Nta is 1.30...very nice. But nta is not book value. Warren buffet uses book value. I dunno how to calculate. Cash increase by 500mil. Now from cfi u can see they draw 800mil from borrowing. ...this is why 500mil came up. But they also repay 700mil in debt! I like companies that repay debts. Extra cash of 500mil maybe they wanna buy somethg. Last insider buying iculs that is out of the money....this is a good sign at least until bjcorp reach 68cents like calvin checked.

So your choice. Me i will stick around n see at least until 68cents.
Note. This post is not advising anyone to buy or sell. Please trade at your comfortable risk n study first. Thx

coolinvestor

Like in all investments. There's always an element of risk involved.

Even professional fund managers have to take into account the inherent risks involved in buying stocks or bonds.

Moral of the story. If you cant stomach it. Best to cut loss and go.

Investing is just not for everyone. Nor is trading. Its even worse with t+3 deadlines looming.

Its only your personal money. The choices are entirely up to you

majority are still playing trading games.

don't they ever learn? haiz

Its possible they sold off some to consolidate holdings or some to osk equity. Perhaps there is an arrangement between them.

Yes they definately knows GP price is worth more. They have investment bankers to calculate.

Plus its normal for shareholders to sell to friends or other owners to share.

No need to be too greedy with a very closed mentality

All this information/news/speculation coming together is what we called mosiac theory. It could be true or it could be false.

but judging from what we all know:

P1 needs to be sold off due to too many capital expenditure. cant survive without further input. This in it self is worth a lot of money to GP(owns 57%) SK telecom(owns 26%)

SK telecoms bought its stake for 300mil few years back in 2010. from then on GP's stake is worth at least 657mil few years back(if GP disposed of P1 then its price should be about 96sen!)

657mil of 57% in P1/685mil shares outstanding = 96sen
of course this does not includes debt or other assets. With a conservative discount we can assume GP is worth at least 80sen back then in 2010. P1 is valued at about 1.24bil back then in 2010 from sk telecom stake(from the star newspaper)

Fast forward to the future. With so much money being pumped into P1, theres rumors of P1 sale being 1.2 to 1.5bil. From here it should be logical to assume GP will get back at least 600mil and its share price is worth at least 80sen following 2010's valuations.

if GP's very conservative price is worth 80sen from owning P1....buying now at todays price of 44sen is definately worth it as we can go for a min of 80sen when it reaches imminent sale of P1.

80/44 = 81% gain!!! is this good or not?

As of today..the sale of P1 could be worth much more. maybe 1.5bil translating to a possible GP price of rm1.24

now this is just simple logic and reasonable due diligence on studying this green packet stock.

few other revelations.

osk has bought MORE of GP. ccpuan and kok onn has sold of their shareholdings but still retain 20% individually to still have control of GP. smart and logical. osk owns 15% suddenly. I believe they bought some from the disposal from ccpuan and kok onn at about 40sen plus at market price. hmm why now? if GP is so bad and P1 so bad...osk will NOT buy more. why?

BECOZ THEY BELIEVE GP's share price is worth a lot more. These are smart ppl. they will not want to make peanuts. 100mil 15% GP at 40sen = 40mil

if GP goes to just 90sen they make 50mil cool profit.

This is just simple opinion and deduction. the choice to buy or sell is still up to you.

However pls bear this is mind. there will always be risks involve.

goodluck

disclosure: I own GP shares. thx

some people just like to say bad things to mislead other gullible ppl to buy or sell. some ppl also likes to tease other ppl becoz he may have lost some money and just wants revenge.

if you do not have the stomach to lose some money then pls do not invest or trade. profit or loss is part n parcel of investing in stocks.

think of it like the mutual fund managers. one big portfolio.

but this seems kind of forum seems to be in gambling and not investing mindset. pity