Market is forward pricing. It's forward P/E is definitely not 4x.



Posted by Patrick13 > Jul 6, 2018 09:18 AM | Report Abuse

PER is 4 which means the earnings yield is 1/4 = 25%. If you think Gadang is good stock, now is the good chance to collect at low price.

they have declared 5 sen previously. why another 5 sen?

@Jon, TM looks interesting now

@thecontrarian

what is ur investment thesis in Dutaland?

but there is a difference, the offeror does not intend to maintain the listing status of Petaling Tin


Posted by singh1 > Jul 3, 2018 07:42 PM | Report Abuse

I was looking for another counter to compare and learn something as this mgo is something new for me. Interestingly found Petaling tin as a counter currently undergoing a takeover offer by it's substantial shareholder. Initial offer in May 2016 was for 24 sens. After 2 years, new offer just released in May 2018 and it is 40 sens per share. So looks like this whole takeover thing may take sometime to play out. Need a lot of patience.

yeah, hence i said to minimise the unsystematic risk.

the systematic risk, i.e. the macroeconomy, can only be managed by asset allocation. equities, bonds, structured products, cash...

to certain extent, can managed the portfolio design also during recession times, example building positions in stalwarts, assets plays instead of fast grower and cyclical.

looking back at GFC that was the best time to load up the DLady, Nestle etc. etc.

Posted by Jon Choivo > Jul 3, 2018 09:18 PM | Report Abuse

The correlation is one that makes sense and does not make sense to me at the same time. In a recession, correlation for everything goes to 1, all drop together. So i don't really pay attention to diversify in terms of industry, just find really good buys, and often they come from different industries haha.

interesting topic. there is really no definitive guideline when come to diversification. my own portfolio construction rule is to own between 12-20 stocks, in stricter terms to have a concentrated portfolio of 15 stocks. having said that, i am currently holding 25 stocks. well, that's my own problem.

it;s just not the numbers really. to protect the downside depends on how you design the portfolio, like stocks chosen should be spread over different industries and the stocks preferably have low correlations, at least to minimse the unsystematic risk.

how much to weight, i would say in direct proportion to how much confidence in each stock. i set my own concentration rule of not more than 20% of portfolio. perhaps im not as confident as Jon. hahaha...

tomorrow onwards are exciting times

if the shares price pushed up above 66sen then TT has no choice but to revise the offer upwards.

NTA 1.48. Revalued NTA easily above RM2.

Surely, the shaheholders would reject the offer. such a no brainer

13.85mil is achievable in a weeks' time

exciting times ahead for Maybank....introduction of Islamic shares and potential listing of Etiqa

things are looking bright for TA

i actually thought Wahid did a very good job at PNB

icon wrote in his article to avoid stock with long gestation period yet himself pick WCEBHD. lol

Both Eksons and Focus Lumber are good buys.

time to add more

yep, time to revisit some furniture companies

USDMYR has been strengthening...US economy remains vibrant, Fed sounded more hawkish, funds flowing out from emeerging markets

aiks, bought too early at 8.85

Abolishing the tolls only help the urban area. Even if the govt intends to do so, you will be looking at 3-4 years down the road given our current financial predicament.

surely, u would have noticed that the likelihood of toll abolishment is highly unlikely

AGM today at 11.30am.

Hope to hear some good news.

Yup, REITS will fetch higher valuation thus unlocking value for us shareholders

abang_misai has a point there. it's really a cost-based industry...they cant pass on the cost to the end consumers.

anyone has Insider Asia report on SCGM to share?

In my opinion, Magni is fairly priced. PE of 8x is just about right.

wow...expected the results won't be good but this is quite disastrous, no?

Interesting. Bought a bit to support Calvin.

0.041 sen going ex on 27 June.

at current price, you can lock in yield of 6.17%.

qqq3 damn good la...both flbhd and sendai moves up

suddenly moved up today,
must be qqq3 effect

wow directors keep selling

mine is 4mil before i can quit my job.

wow, why the drastic drop today?

no, you should ask why someone so desperate to sell?

any good news?

suddenly up 19 sen.

30% discount seems fair

u will still get 1.50

next pivotal moment, on high probability basis, seems to point downwards la...that Trump is very itchy...

trade war is inevitable...then everyone starts currency war

This JP Morgan analyst Modi also downgraded CIMB and RHB.

Performance Metrics

* Investors who followed Modi's recommendation would have received a negative 2.8 percent return in the past year, compared with the 6.1 percent return on the shares.


Conclusion is to go against him? LOL

USDMYR to breach 4 soon, just a matter of time

Leno return is pretty impressive. Hahaha

OSK earnings are pretty consistent and they paid dividends annually with yield above 4%.

Calvin, for turnaround stock...we need u back in Texchem forum!

But i have to say need a lot of patience. Perhaps i'm lucky.

Not so much patience for FACBInd though. Hahaha...gave up on the company. Return over 3 years barely beat FD.

Oh ya, i also made decent profit on Paramount.

I think that's all i had in regards to assets play, over my 9 years of investing journey.

By the way, I also owned TA.

Oh, I owned Plenitude and Daiman 6 or 7 years ago. Liquidated my positions with decent profit. I also made good profit from Kuchai, KSeng, Goldis and PMCorp.

So assets play have been quite a success to me personally.


Posted by Jon Choivo > Jun 11, 2018 08:18 PM | Report Abuse

Id suggest you take a look at plenitude, daiman and KSL as well.

do share what you have studied. always welcome another point of view.

I think PANAMY current price is not expensive @ PE 17x. It's reasonably priced.

Sebastian Sted Power I think the author next will blow about PANAMY with titled "THE JEWEL OF THE EAST". Hahahaha..

Did u managed to buy at 99 sen?

Posted by Jon Choivo > Jun 11, 2018 12:38 PM | Report Abuse

Just queued for some at 99sen.

I can wait. Im fine with how he does business.

He has a reputation of being a very hard and unfair negotiator with other people. But it will be stupid for him to anything to his flagship company.

let's see how things pans out. i think the next few years would be interesting. with the Melbourne Square and the listing of Cable business.