very difficult strategy if u keep moving ur funds towards potential stocks with immediate catalysts

u need to have a very high hit rate to remain profitable

lol it's fated i would never buy at the "lowest", as always, just like Monish Prabai. haha

bought yesterday, then fire happens, today cheap sale again

Added PCHEM to the core portfolio

Orient, a defensive stock in portfolio, above 6% yield

i believe they can even increase the payout if they want to. cash is piling up. very healthy FCF generation.

very good. 28sen dividend :)

8.88 ong number to queue.

over 1 year period, i pick FLBHD (recent weakness make it super cheap).

over 3 years period, i pick MFCB.

Last year 20sen was special dividend, one off.

What's up with SKP? 1.40 now.

Can consider this stock for turnaround play.

Better bet than SCGM which has high gearing.

Posted by Icon8888 > Apr 3, 2019 7:03 AM | Report Abuse

My portfolio is recovering

Now it is approaching 85% of my 2018

And many stocks in it have yet to run

If the bull market extends into 2020, I am looking at new height



Wow, Icon...your portfolio is doing great.

Last year i'm down by 16%. As of now, think up around 8%. Halfway there.

Contrarian, you are here too

My cost is 95 sen.

3 sen dividend coming.

Price over 5 year average FCF is around 11x.

It's a reasonable assumption to pay at least 15x multiple for such company with healthy FCF growth. Hence, you are easily looking at FV around RM13-14.

2018 FCF is 452mil. Market cap is around 3.14billion. Its FCF yield is 14%.

2018 FCF grew by 24% from RM344mil. Average 5 year FCF is 281mil and average growth rate is 18%.

By holding this stock, you should make a return of 30% per year (14% + 18%).

This company has good FCF yield and growth. Its intrinsic value is growing at least 20% (conservatively) every year.

assuming LPI can produce consistent 15% ROE every year. in other words compounds its book value 15% every year.

how much book value multiple should u pay for? is current multiple of 3x a fair value, overvalued or undervalued?

eventually when they show real profits from the power plant, this stock PE should ideally expanded to a higher multiple of 15x (its inevitable that investors sentiment to reward a higher multiple once the company can consistently produce sustainable free cash flows).

don't forget, its future revenue shall comprise mostly recurring revenue and these revenue are real cash profit under long term contracts hence protected from external forces. its really a cash cow business.

Return on equity around 15% (not very high)
Return on tangible assets 8% (good)
Earnings not growing
Is PE 20x justifiable?

My personal view it's at FV. Unless they can grow their earnings at least matching the economy then PE expansion is possible, towards 25x.

you guys take BIMB too seriously la...

from 7.25 to 2.90??

assets play may take a long time for value to emerge, it could be 10 years or 20 years down the road, and some never will (get privatized at a pittance).

if u keen to invest based on assets, best do it with a diversified portfolio. opportunity cost and value trap are key risks.

@uptrending

your dream seems to come true, big lelong coming

maiden loss making quarter. screaming sales!

its known fact that OSK is undervalued. for some reasons, market is not ascribing to that.

anyone buying?

another gruesome results.

It's sad to note that LGE is not fit to be the Finance Minister. Too arrogant. Any good work done by the government has been undone by his mouth.

after Invest Malaysia forum, foreign investors run instead of investing. pun intended. lol

is Herbert and Alan Nga same person?

probabilty, PCHEM raw material is primarily gas based feedstock sourced from Petronas.

probability raw material of pchem is still cheap, next qtr results should be spectacular too:

https://tradingeconomics.com/commodity/naphtha
18/03/2019 11:18

If ur prediction on MYR is correct. U are better off by shorting USDMYR.

Phillip, i'm pretty sure u use Whatsapp :)

Trade war between the US and China is benefiting Malaysia's furniture industry.

Facebook.

Last year when it went down to USD120++, i didn't hesitate to jump in. My only regret is i should have buy more.

qqq3

what are the recent shares u bought?

its cheap.

PE 6x
net cash is 0.97 sen (58% of market cap)
ex cash PE is only 2.5x

seriously, 3iii...since investlah forum until here (10 years and counting) i have seen u preaching non-stop on buying high quality stocks day in day out. there are many many ways to invest ur capital. just because u have found one that suits your style and has been successful..doesn't mean everyone has to follow suit. if everyone just buy ur DLady, Nestle, PetDag, PBB...

i can safely say our capital market can close shop d. to all the business entrepreneurs, don't bother getting funding from the public. unless ur business is of high quality in the same league as DLady or Nestle, u won't have any interested private investors.

TTM eps = 25.57sen
At average PE 8x, FV = RM2.05

pretty good results, revenue this quarter is all time high.

its ok, let the panics rule. let them sell down more.

hope it drops below RM6

Can have a look at Hong leong industries.

probably due to Khazanah selling. nothing to do with fundamentals.

Bought a bit 5.45

Good to know that Phillip notices Hong Leong Ind.

mind to share your source? or your own speculative statement?

another stock call by calvin.

amazing!!

Tony is eager to buy from panic sellers

give calvin some breathing space. this quarter season has been tough for him...jtiasa, TA, eksons etc etc

excellent results, well done TGuan!!!

let's wait for calvin comments on the results

SAM is in full position to take advantage of the growth and backlog in the global aircraft market. Backlog is worth 3.1bil coupled with additional facility for LEAP-X engine casing manfacturing in Singapore which will begin contribution in FY2020.