Hi CT,happy Saturday to u.Yes,Tessa I'm already burping,side effects from heavy lunch lol. :-)

Tessa,buy some MFCB.A sound company with good fundamentals(although a bit boring).Will pay at least 7 sen dividend come Feb 2014.

Tessa,sorry to hear about your losses.Found this article about why one should NEVER invest in SPACs like Hibiscus.

Posted by kcchongnz > Oct 4, 2013 12:35 PM | Report Abuse

Did I miss Hibiscus? How could I when I don't give a damn to this Selling Promises And Craziness (SPAC)?

Posted by Fortunebull > Oct 3, 2013 08:45 PM | Report Abuse
KCChongnz! You miss hibiscus as hiddengem!

Let us see how the fortune teller classified as GEM.

Since listing Hibiscus has been making losses. No revenue, still looking for qualified assets acquisition. While looking for QA, spent million for investment bankers, millions for administrative expenses, millions for financing costs, millions in "other expenses" etc. How not to make losses?

As at June 2013, accumulated losses is 20m! A gem? OMG!

Actually this is expected. SPACs are murder holes.

Think about it!
1) Would a promising company need to do deal or merge with SPAC, or rather it just go public through a IPO on its own merits?
2) SPAC no doubt has some seemingly successful business people behind them. Are you sure they too will succeed in this new ventures? Or they were successful because of luck or through other people? I tend to believe more of the later.
3)Those early birds whose cost is so much lower will unload in droves once listed, leaving those poor retail investors holding the hot potato.
4) Investment bankers will be laughing to the banks with your money. They pay themselves multiple times:
a) When they take it public
b) Consultant to the SPAC on retainer as a potential acquisition is sought.
c)When an acquisition is found
d) The one year process when SPAC is seeking shareholders and regulator approvals.

Fees, fees, fees, an ATM machine for the investment bankers. Guess whose money in the ATM machine?

What is the stories behind Hibiscus? I don't even want to hear.

Tessa oh Tessa,good morning.:-)

Make way,make way.Don't stop me !

seph,where r u ?Christmas cheap sales over here! Hurry!

Got it@1.05. :-D

yes,please sell faster so that I can collect more. :-)

for newbies,this is courtesy of kcchongnz

Posted by kcchongnz > Dec 16, 2013 05:37 PM | Report Abuse

Prolexus has good growth in revenue and earnings for the recent past few years. It is also not expensive. Below is what I have commented before on it. Since then its price has gone up considerably when you take into its adjusted price. I think the fundamentals still remain the same.

Posted by kcchongnz > Apr 9, 2013 05:22 PM | Report Abuse X

Prolexus A growth stock?

The table below shows the 6 years revenue and earnings of Prolexus for the financial years ending 30th June. It doesn’t show that it is a high growth company in terms of revenue. It made losses in 2006 through 2008. However, after the disposal of some loss making investment in 2008, Prolexus made a turnaround. Its revenue grew at a CAGR of 8% from 2009 to 2012. Its EBIT surged by 45% a year for the three years from 2009 to 2012. The growth in EBIT and net income last year was 90% and 80% respectively. That would qualify Prolexus as a high growth company. Thanks to the growth in its garment manufacturing.

Year 2012 2011 2010 2009 2008 2007 2006
Revenue 189498 184464 136875 149998 166774 181527 174840
EBIT 11213 5886 6601 3694 -149 -2958 -1066
Net Income 10568 4906 3403 262 -2892 -5869 -1976

Prolexus closed at 1.33 on 9th April 2013. With a EPS of 28 sen per share, the PE ratio is about 5 (<<10), PEG is also very low at 0.2(<<1), a P/B of 0.9 (<1.5), and a dividend yield of 2.3%. Hence Prolexus is not only a growth stock, it is also a value stock in every aspect.

A high growth stock has a major concern; that is if the growth adds value to the firm. Growth is considered shareholder value enhancing if the growth in earnings exceeds the weighted average cost of capital of the firm. With a return of total capital of 15.2% and ROE of 16.2% last year, it has clearly demonstrated that the growth is shareholder value enhancing.

For the half year ending 31/12/2012, Prolexus has already made a net profit of 22.3 sen per share, 64% more than the same period the previous year.

So is Prolexus a free lunch for investors; one with high growth and yet selling at a very cheap price?

Cheap sales.Good time to grab some.Got it.

Holy ravioli,seph.I just came back and 2.09 already.Bullet train this one.Leader of the pack.

Bjtoto pays dividends every qtr whereas Latitud only once every year.Besides it would be more accurate to compare companies in the same industry i.e Bjtoto vs Magnum,Latitude vs Homeriz or Maybank vs CIMB.

A gem? Really,it has negative cashflow,no FCF.Not very good.

cheap sales agains?Come to daddy....I'm waiting..................

Yes,Mr Ooi,I bought it below 1.30.

seph, u n me,we'r knocking on heaven's door!

Seph,slowly but surely this undervalued gem is gaining more attention.
Still plenty of upside.

New meaning to the acronym "LOL" It means "Latitude Oh Latitude"

Tessa,my stock pick,MFCB is up and rising.

connie,my leng chai face looks like the Hobbit.Anyway,I got a stock tip for you.My pick for 2014.MFCB(stk code 3069.

Got a sstock for u Tessa.MFCB,my pick for 2014.

Good morning connie and all kakis.How is it going?

Dow ended up 130 pts.Tapering? What tapering? Must be a conspiracy to bring down mkts so big funds/fish can collect on the cheap.Simply said,semua kena con.

Good morning Tessa and all kakis.How r u guys doing?

Bro Matrix, Sawadee Krap( not crap!).LOL.Good evening.

Tapering,tapering,tapering.Sounds like tap water.Tap,tap,tap. LOL.

Don't worry connie,Homeriz will definitely go higher.Furniture companies are in a sweet spot nowadays.

connie,it is not a book cover,just a pic of a leng chai I come across.I understand you have Homeriz,at what price ? I went in at 0.55-0.57.Still holding.See how far or rather how high it'll go.

Hi connie,invest88.G'morning.So early y'all. :)

Posted by TeckChuan Lee > Dec 11, 2013 12:59 AM | Report Abuse

ER YEAH NOTION VTEC IS ANOTHER TECH COMPANY IN MY WATCH LIST.

EH I DIDNT KNOW MY NAME CAME UP IN ONE OF THE POST HERE LOL..

ERIC WHERE YOU GET ALL THE COLD EYE SELECTIONS AH? JUST WONDERING.
ONE OF MY GOOD FRIEND HAPPENS TO KNOW COLD EYE. MY FRIEND SAID HAIYA WHY NEED TO GO THROUGH ALL THE FUSS DO SO MUCH HOMEWORK? JUST FOLLOW WHAT COLDEYE BUYS CAN LIAO......... WHICH IS QUITE TRUE ALSO WHAHAHAHHAHA

TeckChuan Lee,you can find Cold Eye and many other good articles here posted by the hard working Tan KW.

http://klse.i3investor.com/servlets/cube/pft/kianwei.jsp


Cold Eyed (冷眼) 42 Stock Picks Simulation
http://klse.i3investor.com/servlets/pfs/19909.jsp

oops,prchase other stocks should be "purchase other stocks"

Not dumping,fund managers need to re adjust their portfolio every year.They sell some stocks and use it to pay dividends to shareholders,prchase other stocks.Anyway they long term major shareholders of AeonCr so no worries.

Well said sense maker.LiHen and Homeriz are both high dividend stocks.Latitud dividend of 6.3 sen for FYE 2013 is more than double the 3 sen it paid in 2012.

seph,u got 2,I got 3-Latidud,Homeriz and Lihen.Anybody got 4 ah?

I can almost hear the relief lol.rebound Monday.

seph,new HIGH,walao eh.

seph,welcome to the Latitud speedboat.Congrats.Speed to where ah?.......:-)

member41,yeah i notice.Don't think so.Anyway,please sell more so that I can collect more at 3.88-3.90...yummy.

A Chinese saying"Yen Thow Chi Lou" which means "Human head,pig brain"

VT and sbb were M.I.A. yesterday.Hope qtrly report comes out today.

G'morning guys n gals of 932kakis.

Good morning 13kakis.Dow fell for 8th time in 10 sessions,will drag Bursa lower even with window dressing.So collect more for future play.

TESSA,just bought small amount of WCT @2.19.LTH and EPF are buying a lot.Follow da big boys or is it big girls ? :)

TESSA,I q to buy Homeriz @0.58,not done yet.Bought more Bjtoto @3.96.Vincent Tan n cronies are buying plus sbb should limit downside.

Looks like buying support at 3.96-3.98.Could be Vincent Tan and company sbb.

jpleow,thanks for the calculation. But I don't understand this part (4.20*(46/45)*(15/14).Can u elaborate.

Howdy all 13 kakis.Down day good time to load up on good stks.

bought more @3.97.Waiting for dividends.

Hi TESSA,do u hold any long term stocks,stocks that can keep for years,collect the dividends and not worried it'll go ta pau one fine day.

connie,matrix is posting on his thread right now.