not the best plantation stock available. here's a list you could check out.

https://myfocusinvesting.com/index.php/2021/07/11/how-to-analyze-plantation-stocks-2/

A close competitor to KLK but both IOI and KLK are still lacking compared to UP.
https://myfocusinvesting.com/index.php/2021/07/11/how-to-analyze-plantation-stocks-2/

second best plantation stock in Malaysia and the best is likely UP. Here's why:

https://myfocusinvesting.com/index.php/2021/07/11/how-to-analyze-plantation-stocks-2/

amongst the small cap plantation stocks, Kim Loong is likely the best.

https://myfocusinvesting.com/index.php/2021/07/11/how-to-analyze-plantation-stocks-2/

UP outperforms its peers.
https://myfocusinvesting.com/index.php/2021/07/11/how-to-analyze-plantation-stocks-2/

Ajinomoto's 4th Quarter Review:

https://myfocusinvesting.com/index.php/2021/07/04/ajinomoto-2021-4th-quarter-review/

Even with the prevailing share price, the company is still likely to be overvalued.
https://myfocusinvesting.com/index.php/2021/06/27/haio-overvalued/

Hey Multibagger, thanks for pointing it out. Yes, I was aware if I took the latest results, the fair value would be even higher. Just means that the current value is a good discount. Same here thou, I've bought into the company too :)

The company is trading below its asset value. To top it off, the business is still decently profitable.
https://myfocusinvesting.com/index.php/2021/06/20/yoong-onn-corporation-berhad-undervalued/

My two cents on the counter
https://myfocusinvesting.com/index.php/2021/05/30/waste-management-stocks-on-bursa-a-comparison/

My two cents on the counter
https://myfocusinvesting.com/index.php/2021/05/30/waste-management-stocks-on-bursa-a-comparison/

Why I think DLady is still overvalued.

https://myfocusinvesting.com/index.php/2021/05/09/dutch-lady-malaysia-why-i-think-its-overvalued/

My 2 cents on Ajinomoto's value.
https://myfocusinvesting.com/index.php/2021/02/11/security-analysis-ajinomoto-malaysia-bhd/

https://myfocusinvesting.com/index.php/2020/12/05/malaysias-most-profitable-company-elsoft-research-berhad/

Just my two-cents on Elsoft, the business is heavily dependent on one customer which is a serious problem but apart from that, the business looks good with a health balance sheet and a strong competitive edge.

Might be worth a second look and weigh in on the risk of single customer concentration.

Hi everyone, its been a while but here's my 2cents on the company. The tobacco black market's uncontrollable growth is not something BAT can handle alone. It requires strong government intervention. We can't hope for the government's support so its definitely a very risky counter to invest on and there are better stocks to invest in other than BAT.

With that said, the current price and expected dividend payments makes BAT quiet attractive. The counter is likely to be undervalued. Its just that the risks are high and the returns will likely be low.

https://myfocusinvesting.com/index.php/2020/10/29/british-american-tobacco-quarterly-results/

the method works well if you're good at considering possible future scenarios. it's not meant to calculate one value but a range of values. from those scenarios, you determine if th investment is worth the risk. definitely used to cari makan. it's been working well for me so far.

https://www.investopedia.com/terms/d/dcf.asp

investopedia has a decent explaination on DCF

it's not that I'm pessimistic, it's just a very conservative method of valuation. I know that this method would filter out most if not all companies.

I did consider the cash position, which is why when I purchased lii hen, I knew it was a no brainer. the thought process and my evaluation isn't simply factoring in the numbers but a consideration of the worst case scenario and if I could still profit from such a scenario.

Hi Patrick, thanks for pointing that out! I'll include it in the next article.

For this article, I used the discounted cash flow (DCF) method to calculate my fair value.
You'd need to first determine the free cash flow (FCF).

FCF = 5-yr average operating cash flow - capital expenditure - operating expenditure
= RM 74.4 million

For the DCF method, my constrains were two situation:
1% growth rate for 10 years
3% growth rate for 10 years
PE = 12
discount rate = 7%

DCF method (1%) = RM 2.78 per share
DCF method (3%) = RM 3.38 per share

Considering that I could be wrong in my calculations or estimates. I took an approximate 20% margin of safety. Therefore, final fair value was determined to be:

DCF method (1%) = RM 2.78 per share x 80% = RM 2.22 per share
DCF method (3%) = RM 3.38 per share x 80% = RM 2.70 per share

I hope that answered your question.

The company's financial position remains solid and the reducing debt is a pleasing development.
https://focusinvesting484855354.wordpress.com/2020/07/12/lii-hen-1st-quarter-2020-analysis/

Apollo remains a wonderful company which generates consistent dividends for its investors. Its lack of growth and innovation is troubling but I believe the company could easily sustain its dividends and cash flows for another 10 years and hopefully more.

https://focusinvesting484855354.wordpress.com/2020/07/05/apollo-food-holding-4th-quarter-analysis/

AJI should remain positive even during the virus outbreak. Their products are hardly replaceable. I'm looking forward to a stronger AJI in the near future.

https://focusinvesting484855354.wordpress.com/2020/07/04/ajinomoto-malaysia-berhad-4th-quarter-analysis/

Just my thoughts on the industry and the company. It's probably trading at fair value even though the NTA is high. We have to consider the fact that the business does not generate high free cash flow as most of its cash if used up to purchase new equipment and to pay off debts.

https://focusinvesting484855354.wordpress.com/2020/06/21/fundamental-analysis-can-one-berhad-5105/

@RainT glad you enjoyed it :)

@enigmatic, Thanks! :)

I've gone and compared Nestle's 10 year financial results against Heineken, Carlsberg, F&N and Dutch Lady. Here's what I've found out.
https://focusinvesting484855354.wordpress.com/2020/05/30/fundamental-analysis-comparing-nestle-fn-dutch-lady-carlsberg-and-heineken/

I've gone and compared Heineken's 10 year financial results against Carlsberg, Nestle, F&N and Dutch Lady. Here's what I've found out.
https://focusinvesting484855354.wordpress.com/2020/05/30/fundamental-analysis-comparing-nestle-fn-dutch-lady-carlsberg-and-heineken/

I've gone and compared F&N's 10 year financial results against Carlsberg, Heineken, Nestle and Dutch Lady. Here's what I've found out.
https://focusinvesting484855354.wordpress.com/2020/05/30/fundamental-analysis-comparing-nestle-fn-dutch-lady-carlsberg-and-heineken/

I've gone and compared Dutch Lady's 10 year financial results against Carlsberg, Heineken, Nestle and F&N. Here's what I've found out.
https://focusinvesting484855354.wordpress.com/2020/05/30/fundamental-analysis-comparing-nestle-fn-dutch-lady-carlsberg-and-heineken/

I've gone and compared Carlsberg's 10 year financial results against Heineken, Nestle, F&N and Dutch Lady. Here's what I've found out.
https://focusinvesting484855354.wordpress.com/2020/05/30/fundamental-analysis-comparing-nestle-fn-dutch-lady-carlsberg-and-heineken/

F&N's strong brands and its improving profit margins augurs well for the company. It's likely to be slightly underappreciated and here why...

https://focusinvesting484855354.wordpress.com/2020/05/25/fundamental-analysis-fraser-neave-holding-berhad-klse-3689/

After analyzing the Q1 results, my thoughts have not changed. The company is probably trading at fair value even if we considered a 40% to 50% drop in profit for the year 2020. Here's why...

https://focusinvesting484855354.wordpress.com/2020/05/21/fundamental-analysis-british-american-tobacco-q1-2020/

The company has a good potential for growth with a strong balance sheet but the company is not shareholder friendly so be careful when investing.
https://focusinvesting484855354.wordpress.com/2020/05/14/fundamental-analysis-spritzer-berhad/

The current economic downturn may not heavily affect FPI's products but even if the earnings take a hit, the company could still be an attractive investment. Here's why...

https://focusinvesting484855354.wordpress.com/2020/05/09/fundamental-analysis-formosa-prosonic-industries/

Dutch Lady could still be overvalued considering that the milk industry still faces many headwinds in developing its local milk supplies. This means that the dairy industry is still heavily dependent on imported dairy. To make matters worst, competition in this market is intense leading to lowered profits. Here's why...

https://focusinvesting484855354.wordpress.com/2020/05/12/fundamental-analysis-dutch-lady-milk-industries/

Yeah, they could have at least released some sort of announcements to shareholders explaining what's happening in the company during this period.

QR has been postponed to June due to MCO

240902, thanks. I'm glad that it was useful :)

There is consensus that the US furniture market will not be significantly hammered. We can expect a fall in sales but it may not kill the industry.

Furniture market would be affected in the near term but long term, the market will still be heading forward. It just depends on the price we pay for the investment.

That's a good point. The fact that we are number 1 shows that we lack a proper response to this issue. I think the Ministry should step up their game, the constant change in direction and policies show that they don't seem to know what their suppose to do. Maybe the best response (although it might be the least politically correct response) is to reduce excise duty tax to allow BAT to compete on even grounds.

Hey Daniel, I'm glad that you found it useful! There has been higher reports of clamp downs during the MCO period. I do hope that this trend continues, or else we'd really do need to send them a congratulationary prize

it's not impossible, I managed to buy it at 11

The high cash position of Lii Hen would help buffer the company from this economic downturn. It's a good time to look into the business as it may be offering at a discount. Moreover, Lii Hen boast one of the highest profit margins in the industry with a 25% market share in the furniture exports.
https://focusinvesting484855354.wordpress.com/2020/04/26/lii-hen-vs-homeritz/

Homeritz has a cash position of RM 0.27 per share at the moment with a working capital worth RM 0.30 per share. The company has some value and is worth considering.

https://focusinvesting484855354.wordpress.com/2020/04/26/lii-hen-vs-homeritz/

With the high cash position, I believe the company is capable of weathering the storm. Once businesses move back to some what of a normalized state, we should see the company gaining traction again.
https://focusinvesting484855354.wordpress.com/2020/04/22/carlsberg-vs-heineken/

The business has a strong competitive edge over imported alcohol due to the high import tax. Once the economy is opened, sales would begin to normalized but at a lower range. The company has a strong cash position and should be able to weather this storm.
https://focusinvesting484855354.wordpress.com/2020/04/22/carlsberg-vs-heineken/

The illicit tobacco trade is seriously harming BAT’s operating performance but I believe that there is still value in the company, IF we bought it at the right price. Here's why...
https://focusinvesting484855354.wordpress.com/2020/05/05/fundamental-analysis-british-american-tabacco-malaysia/

Apollo has an average dividend payout of 18 million over the past 10 years. Coupled with its high cash position at 106 million and net positive free cash flow, we can expect a steady flow of dividends for many years to come. Here's why....
https://focusinvesting484855354.wordpress.com/2020/05/03/fundamental-analysis-apollo/

Ajinomoto is a fairly defensive stock with a good dividend rate. The high cash position and solid brands would likely see the company through these tough times. At RM 14.30, the margin of safety is roughly 7% but you can keep it on your watch list to buy when its cheaper.
https://focusinvesting484855354.wordpress.com/2020/05/02/fundamental-analysis-ajinomoto-malaysia-berhad/