Parkson is a good case study.
It is drifting downwards without any support level, everyday low just like Tesco slogan.

You know characteristics of drifting counter?
Unless sudden sharp fall with a surge in volume (associated with forced selling), or WC step down, or WC decide to sell all PRGL assets, or PRA sold to third party, or engaging external management consultant like Mc Kinsey to have organization restructuring, share price will drift downwards everyday.

Why not WC using internal management team to conduct organization restructuring?
Reasons:
1. Interference from WC.
2. Internal management teams are paid peanuts, so all are monkeys. Monkeys can only run monkey business.
3. Management consultants will be made accessible to all business entities within the group. What asset to dispose off, what asset to merge, how to cut operating cost, how to improve cash flow via fresh capital infusion, which dead wood to be removed, how to enforce and strengthen company policy statements, how to make CEO responsible and accountable, how to down size and optimization.
4. Management consultants will just make recommendations.
They will have lesser consideration on one off losses, but more on turn around.
Implementation all depends on will and wisdom of WC.
5. WC should place more trust on external expert recommendation, rather than seeking advice from his internal management team (all monkeys because paid with peanuts). Monkeys cannot give creative and innovative business direction. They just follow typical business model from book.
29/06/2017 10:58

But I prefer earning some pocket money and having good sleep every night following what KC preach.
I have full confidence with his investing principle.
Definitely not the sailang in poker game -- for I am not a gambler...........

Wealth accumulation following a process of poker game?
Fake accountant, I really have to salute you!

MSport in process of delisting for not able to submit AR and QR.

CAP not able to submit QR, also in process of delisting.

Why XinQuan so special?
If it is nothing special, it will soon be delisted too.

Pity KYY with his millions of XinQuan toilet papers.
But no pity for those who bought the shares knowing that it will be suspended and subsequently delisted. For they are the gamblers. Either you get 十點 or you get 瞎盲

Pakai tembak!

Do warn them about booby traps on the road to retirement......

firehawk -- do you agree with me?

Anyway, I already retired and enjoying comfortable retirement.

Pass your knowledge and guts to newbies....

Punting at wrong counter with director not trustworthy will delay your retirement by another 20 years.

There are thousand and one good companies run by good people.
Just a matter of homework to land yourself financially independence by 40 yo.......

Those who bought at anal-list recommended price of 3.66 may lose 10% by today.
i.e it may touch 3.29
Unless public anal-list is someone close to you, otherwise just forget about SP Setia for a while......

Yes. Good opportunity.
Only if you don't fall victim to the anal-list........

Forget about TP of 4.00 or 4.50.
Just put it at 10% either way.
Share price at the time of announcement was 3.66
Say within next 12 month, price up by 10%, i.e 4.02 - what is the probability?
Say within next 12 month, price down by 10%, i.e 3.29 - what is the probability?

Only 4 days after so called anal-list gave their recommendation, price already came down to 3.35, i.e another 6 sen to lose 10%, which is highly probable in July.

What is the probability SP Setia will hit 4.02 in July?
Almost impossible.

Just gauge yourself quality of Public Anal-list.
Really a kindergarten kid playing with masak-masak............pakai tembak.......

Public Anal-list forever bring his client to holland.
What the hell he gave TP as 4.50, and immediately SP Setia fell to 3.35?

This is not the the first case.
Just find out how malicious this anal-list did to Ah Pek and Ah Soh in Parkson.
Bringing all the old fella to holland without feeling slightest guilt.
Really shame on this anal-list.......

該死

Those who followed buy call from the anal-list early yesterday morning all suffered huge losses.
They will suffer even more when market reopen on Wednesday......

Try to recall Sime Darby/ UEP deal.
Was it a good deal?

Now consider SP Setia/ I&P deal.
Is it a good deal?
Why price drop like nobody's business?

Why useless Anal-lists gave TP all exceeding 4.00 with Public Anal-list top with 4.50?
Nobody dare to offend PNB.
What if they give adverse comment, still think they can get business from PNB Fund Managers???????

Which part is wrong?
List down one by one.

For I am good at financial analysis, that make me very much better than most of you.

Do I lose money in Parkson?
No.

Do you lose money in Parkson?
If you have bought any time before yesterday, most likely you have lost a fortune.

Will I make money from Parkson?
Yes. Only at the expense of those who cannot see right things with right eyes......

I think you can save it. I am very good at calculation.
Are you dealing with real estate? REN? With developers?
Per acre wise work out to be 1.65m
Usable conversion ratio. 60%? 65%?

You buy more is good.
Pray hard you can make this round............

Can try you luck at 2.50
Be prepare to buy more at lower price.

With I&P, I will only go in with sudden fall (not now) with big volume......

Most recent transaction was sold SP Setia at 3.99 on 22 May 2017......

Bought and sold many times.
I like SP Setia, but not now.

To buy over I&P is a very bad business decision.
How sure after the deal, I&P old hands will take over SP Setia management with all useless fella running the show?

I&P allocate very few residential units to non bumi buyers.
So non bumi very hard to buy, many times experience with the Bayuemas sales personnel.
Bumi always give more than 7% discount, and they are asking for more.
If you buy into Bayuemas, be ready to get bumi neighbours.

Denai Sutera in Kinrara is not selling well.
Now they are selling (bumi lots?) to non bumi.
Still got about 30 units or so and they are now hanging over keys and vacant possession to buyers.
Visited the sale office, almost vomited blood.......

Moreover, I&P sales personnel job ethics and professionalism simply useless.
Go to Kinrara or Bayuemas sales office to see the way they entertain client.
Compare the way SP Setia sales personnel doing their job in Setia Alam sales office.
You will see a world of difference between the two........

You trust Public Invest Anal-list?
They will bring you to holland right here, right now.........

Not net tangible asset lah.
Read carefully to understand the financial statement..........

You know how to read financial statement?
Read it yourself.......

why not go for better alternative rather than seeing money taken out of your pocket ??????????

Please note, total asset inflated to reflect current (not sure is realizable value) market value, borrowing and other liabilities yet to take into consideration.
Detail account not provided mah.........

Total asset 7,100m
Total gross profit 45m
ROI gross 0.633%

So you still expect I&P to contribute to enlarged SP Setia ?

SP Setia and I&P, which one should have better valuation?
Why? No need to have rocket science calculation to figure out.

So is the deal fair to SP Setia minority shareholders?
Who actually benefited from this deal?

Try to recall when Sime Darby bought over UEP.
How can they equate Sime Darby worth only 3 times valuation of UEP?
Similar logical argument with SP Setia and I&P deal here.

So what are you waiting for?
Wait for RI?
Wait for your money being taken and given to someone else?

Take the proceed from SP Setia and go for better alternative.
If you still have confidence in property counters, why not go for Crescendo, Plenitude, Daiman or even E&O?
At least you get value for your money.............

So what is your recommendation?
Sell at 1.37?
Hold?
Further buy?

Buy now at 1.37?
Buy at 1.20?
Buy at 1.00?

Sifu who has no nut to make a recommendation.
Better keep it to yourself.................

Directors going to burn down their office again.
This time they will make sure even the back-up electronic copy of account also completely destroy.
Then they will take Q from XinQuan not able to produce QR.
Get suspended, and ultimately delisted.

Typical China Conman's MO.

Sell tomorrow morning at 6 sen.
At least can have 6 plates of nasi ayam and China teh ais for ever 1000 CSL shares........

Blog: The Art of Successful Investing in the Stock Market kcchongnz
Aug 21, 2016 01:16 PM | Report Abuse

PRA 3 month lost S$12m. -- Parkson, which does not have stores in Singapore, reported that net loss for the three months to June 30 was S$12 million.

PRGL 3 month lost RMB 106.4m. -- Parkson Holdings’ China arm, Parkson Retail Group (PRG) reported its 2QFY16 net loss of 106.4mil renmimbi.

Parkson Holding Bhd 3 month lost (12m x 3.0 x 0.676) + (106.4m x 0.51 x 0.547) + 4.0m (Maju Junction) + 2.0m (Net Interest charges) = 60m
Expecting result be out by 26.08.2016.


Do you think Parkson still can hold at 75 sen?
Do you think Parkson will be at 70 sen by 28.08.2016?
Do you think Parkson can come down to 60 sen?
Do you think when Affin Hwang start to force sell pledged shares, Parkson can come down to 50 sen?

WC is clever, he sold 5.0m Parkson shares at 80 sen on 17.08.2016, at the same time using Ah Kong's money to institute SBB 330k at 80.5 sen on 16.08.2016, and 280k at 78.5 sen on 18.08.2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180069
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5177753
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180125

Stock: [PARKSON]: PARKSON HOLDINGS BHD
Jun 22, 2016 04:18 PM | Report Abuse

2016年5月03日, 鍾廷森接受《The Edge財經日報》專訪時，不否認公司股價受打壓
为什么受打壓? 他不敢解释

1. Parkson lost 36m Q3.
Net lost attributed to share holder 25.5m
Maju Junction 3 month loss 5m, 6 months loss 11m.
So total losses from Maju Junction (only 9 months) is estimated to be 15m for FYE2016.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5110537

2. Lion Industries lost 130m Quarter ending 31 Mac 2016.
Lost attributed to share holders stood at 115m.
Lost per share 16.5 sen.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5111885

3. LionForest Industries lost 54m Quarter ending 31 Mac 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5109381

4. Lion Diversified lost 34m Quarter ending 31 Mac 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5093917

5. Lion Corp lost 91m Quarter ending 31 Mac 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5094137

6. With all meow-meow losing money, and not able to pay dividend, how WC going to pay interest on margin finance of his pledged securities to tune of 20m to 50m a year?

7. Also take note Parkson derives its valuation from these two operating units. They are selling dirt 'cheap' now, and should be going down some more.
PRGL at HK$0.69 - record low, will break its own record again.
PRA at S$0.1580 - near record low, can make record any time.
Sum of Parts (SOP) is at 69 sen.
With 30% discount attached to holding company (as safety margin), safe to buy at not more than 50 sen.

8. WC has been selling Parkson share at around 91 sen.
WC sold 10.35M Parkson shares on 12.04.2016, 2.06M on 14.04.2016, and 2.18M on 20.04.2016 and 5.3m on 26.04.2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5058957
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5064589
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5083313
http://klse.i3investor.com/servlets/stk/annchdr/5657.jsp

9. Meaning that either he think the share already overvalued, or he has to get some money to pay interest, or the pledged shares were forced sold, or he invite all meow-meow share-holders to go holland together with him.

10. All Lion meow-meow face potential forced selling by the creditors.
This include Parkson shares.

11. Parkson rests on yesteryears business model. No hope for any turn around at least in next 3 years.

12. Share Buy-backs are weakening the balance-sheets even of the most cash-rich firms.
Is Parkson really cash rich? How about 89.39m interest paid for 9 months on 2.49 billion borrowings? Since 2008, WC already used up 2.1 billion to buy back Parkson shares, otherwise he could have saved 75m on interest payment for 9 months.

13. Parkson share buy-back has become a kind of corporate cocaine that induces a temporary feeling of invincibility but masks weakness and vacuity. It has become a norm for any punter to buy by 4.30pm, then park to sell at 4.49pm. WC is going to pay these punters 'toll' to push up closing price everyday. He cannot stabilize Parkson share price with such tactic, but just draining the valuable cash.
Worst still it become clear for WC to commit suicide by drinking sea water in the ocean to quench thirst (飲鳩止渴).
Sooner or later Parkson is going to bleed to death.

14. Please don't tell me WC cannot understand the logical reasoning above. To me, he is paying peanuts to get monkeys to run his business empire -- from the very top to the sales personnel.
Don't believe, just go to any Parkson outlet to see what are the sales girls doing......

Right now Malaysian still has affordable housing.
You will one day face with a more realistic housing problem.

Why?

Land price never drop.
Material cost never drop.
Labour cost never drop.
Statutory contribution never drop.
Marketing cost never drop.
Subsidy to low and affordable housing never drop.
Bumi quota never drop.
Discount given to bumi buyers must made good from others.
Profit margin must maintain.

So one day you will have a housing problem like Hongkong or China, where each individual has only 40 sf living space.

https://www.youtube.com/watch?v=4TDnH-wPbrc

CAP clearly cheats.
Trade receivable 291.7 million
Cash and bank balances 355 million
Current liabilities 62.5 million
Long term liability Nil

Why all the buildings (office, plants and hostel) all seized and went for auction for meagre 27.4 million?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5459437



Xinquan been the same.
Cash and bank balances are fake.
Won't be surprise all buildings do not exist altogether.
Photos all fake for the purpose of cheating.

Say bye-bye to your millions of ringgit put into Xinquan...........

How good is Kanger?
Do you trust its Directors?

Here is a summary of Red Chips IPO compile by Errol Oh.
And that does not include listed company took over and now run by the China men like Huaan, Xinghe etc.

http://www.thestar.com.my/business/business-news/2017/06/10/when-liberalisation-attracts-flops/

Kanger - a red chip stock

Just compare with Xinquan.
Do you thick it perform better than Xinquan in terms of profitability (if both are at par with creative accounting).

Xinquan can cheat with more than 300 million ringgit at one go (write off for 3 million pairs of reject shoe, and trade receivables), what make you think Kanger won't do the same?

After cheating for more than 300 million ringgit, still find no money to pay for Financial Controller. Not to forget it just raised 50 million through rights issue 6 months ago.

Pay attention if Kanger give bonus warrant.
Pay more attention when Kanger ask for paltry sum via rights issue.

All in all, play safe. Just walk away from all red chips.
Red chips Directors cheat is a norm.
Not cheating is abnormal...............

Right now Malaysian still has affordable housing.
You will one day face with a more realistic housing problem.

Why?

Land price never drop.
Material cost never drop.
Labour cost never drop.
Statutory contribution never drop.
Marketing cost never drop.
Subsidy to low and affordable housing never drop.
Bumi quota never drop.
Discount given to bumi buyers must made good from others.
Profit margin must maintain.

So one day you will have a housing problem like Hongkong or China, where each individual has only 40 sf living space.

https://www.youtube.com/watch?v=4TDnH-wPbrc

Good article to follow.
Why not consider Kimlun-WA?



Stock: [PUNCAK]: PUNCAK NIAGA HOLDINGS BHD
Jun 5, 2017 03:28 PM | Report Abuse

Sell PN.
Take the proceed to look for better prospect.

KimLun will be earning more next year.
Go for KimLun-WA for it still has 8 years lifespan, with 4% premium over the mother share.

Plenitude is good.
Tsunami sheltered counter with good potential on Taman Desa Tebrau.

KSL and Crescendo also good. Good cash flow and having very cheap development land.

Jtiasa having more and more acreage of oil palm plantation reaching maturity.

Reits are good. They give you consistent and reliable dividends payout.

Don't buy Xinquan. It is going to suspend next Thursday (8th June 2017) for failing to release QR.


So there are thousands and one good alternatives.
Why still want to pray for something which you will not be answered?

Just wonder why you already knew QR is going to be bad, and still want to hold on to PN?

Longer you hold, more losses will be inflicted.

Cut loss, cut loss and cut loss in PN.
Probably you must learn from my sifu cpteh.........

http://klse.i3investor.com/blogs/cpteh/124161.jsp

Why come to market?
Make money.

Why fighting a losing battle when you know you can never win?
Prolong your insistence to up keep your investing principle is good, but at the expense of your pocket.

First chapter before coming to the market is to know whose counters cannot touch.
You touch you die.
If you have no faith with a crook, you still want to put money in his company?

Directors not credible, you run.
Company account doubtful, you run.
Directors keep on siphoning company's resources, you run.

Buying based on money in the bank?
Buy MSport like Paramjit Singh.
He had intention to take over the company because he believed cash in the bank was real and audited by 'accountant'.

Still going for Fundamental Value Investment based on Intrinsics?
Buy Oriental Holding.
All land in Penang / Overseas never revalue for more than 50 years.
Third Generation already taking over control slowly.
Stand good chance he will monetize Oriental's landbank..........

Sell PN.
Take the proceed to look for better prospect.

KimLun will be earning more next year.
Go for KimLun-WA for it still has 8 years lifespan, with 4% premium over the mother share.

Plenitude is good.
Tsunami sheltered counter with good potential on Taman Desa Tebrau.

KSL and Crescendo also good. Good cash flow and having very cheap development land.

Jtiasa having more and more acreage of oil palm plantation reaching maturity.

Reits are good. They give you consistent and reliable dividends payout.

Don't buy Xinquan. It is going to suspend next Thursday (8th June 2017) for failing to release QR.


So there are thousands and one good alternatives.
Why still want to pray for something which you will not be answered?

Right now Malaysian still has affordable housing.
You will one day face with a more realistic housing problem.

Land price never drop.
Material cost never drop.
Labour cost never drop.
Statutory contribution never drop.
Marketing cost never drop.
Profit margin must maintain.

So one day you will have a housing problem like Hongkong or China, where each individual has only 40 sf living space.

https://www.youtube.com/watch?v=4TDnH-wPbrc

Mat Salleh only knows vintage wine which are denominated in the British currency, Euro and USD.

1.4 billion Chinese worldwide know value of vintage Puerh Tea denominated in RMB.
http://www.858tea.com.tw/Discuss/ViewDiscuss.asp?view=36486&page=1

Which one is a better collection?

It is not how much you can spend with your nest egg at the time of retirement.
That is a primary six UPSR question.

Look for more realistic problem.
How much do you need to save at the time of retirement.
Rule of thumb is 10 years annual income, or 120 months saving of your last drawn salary. Some may say 8 years income, some may say 100 months income. For simplicity and more realistic figure is 10 years or 120 months. Why? You should ask your CFP.

Now is the question.
How much will be your last drawn pay? Any idea? CFP?
If a CFP does not know, he is not fit to be a Certified Financial Planner. Just an insurance agent or unit trust sale personnel.

Next question.
How can you save up to 120 month last drawn salary when you retire.
This is a very simple question, and I do expect all CFP should be able to draw a plan for you. Of course it would be otherwise if he is just an insurance agent.

Next question.
How much a retiree can withdraw from nest egg without depleting his capital?
Rule of thumb is 4%.
Why 4%?
Ask your CFP.

Next question.
How much should you allocate for long term (health) care?
Do a simple survey you will know low to lower mid range required 3k a month.
Mid range 5k and high end 10k.
Are you prepared?
Do you want to tax on your children?
Right now low end cost 36k a year, mid range cost 60k, high end 120k.
What about 30 years later (say age 80) how much will be the cost?
For contingencies, you should prepare total cost for 6 years.

Next question.
When do you plan to retire? Or when can you afford to retire?
At 50? 60? 65? 67? 70? 75?

Next question.
What is your saving roadmap to achieve 120 months last drawn pay?
When you are at 30? 40? 50? 60? 70? 75?

If a so called CFP cannot answer your question above, you better look for answer in internet.
To me, a young ciku definitely cannot give you proper advice because he himself doesn't know that.
Watch and understand carefully How to Retire Happy by Washington Post Financial Reprter, especially when he come to the long term care for his unfortunate wife......Look at his facial demeanor when come to that part.

How to Retire Happy
WEhttps:e8FiWBHtk//www.youtube.com/watch?v=

Retire Happy, 7 Simple Steps To Creating Your Ideal Retirement
https://www.youtube.com/watch?v=l4Ko9NQaQlc

https://www.youtube.com/watch?v=l4Ko9NQaQlc
https://www.youtube.com/watch?v=wuQSip3yakI

退休準備分享 - 方幼南
https://www.youtube.?vcom/watch=rh1SmSWZqZQ

退休後的生活規劃
https://www.youtube.com/watch?v=IeWBmyLwK4E

老了怎麼辦
https://www.youtube.com/watch?v=JccSH9-VnLY

Generally KWAP will receive contribution from An employer who is either a statutory body, local authority or agency with pensionable employees.

http://www.kwap.gov.my/EN/Contributions/Pages/FAQs.aspx

What happen when the funds collected fail to achieve desire ROI, or each time there is a salary revision, or a change of policy (for better retirement benefit), or life expectancy increase over the years?

Gratuity need to be paid one-off, pension will be paid till both the pensioner and his spouse pass away, and his children to attain 18 yr of age.

A 'smart government' like in Singapore or Greece would like to extend retirement age to 67, subsequently to 70, or 75.

Why?
1. To defer payment. Let the next government solve the problem.
2. Let inflation does the job. By then what is payable will be much reduced in real term, Malaysia already attain status of 'high income developed country'.
3. Lesser period to pay pensioner or his dependants.

What happen when there is insufficient fund to pay for gratuity and pension based on contribution and ROI for the fund?
Just go to budget day, peruse the budget, and you will know how a 'smart government like Malaysia' fix the problem.


chop818, are you satisfy now?

You are a government servant?
Really shit it in your pants.

http://www.jpapencen.gov.my/laman_utama.asp

What is so difficult?
Extend retirement age to 65 or 67, or even to 70.
You will only pay pension and gratuity 5yr, 7 yr or 10 yr later.
Let the next PM solve your problem.
By then Malaysia is already a developed, high income country.

Pensioners now stand at about 600k, increasing by 50k each year.
If you can postpone retirement by 10 years, the increase in number of pensioners still the same, it will only increase by 50k a year starting ten years later.
If life expectancy increase from 74 to 78, you only need to pay 8 years pension instead of 14 years.

Think smart, act smart, be a smart government.
Or else you will not able to fix the gap for 1.6m civil servants when they ultimately retire.

Giving wrong advise to ignorant and ill-informed laymen definitely lead them to grave problem when they are old.

For those with 'extra knowledge', if sincerely want to give 'professional advise' must do it in good faith.

You know the meaning of good faith? Nothing is said to be done in good faith if it is not done with due care and attention.

The EPF ensures that your savings are secure and receive reasonable dividends. It guarantees a minimum of 2.5% Dividend annually.

Unit Trusts never guarantee any return. Read carefully the small prints in the prospectus. Unit Trusts sales personnel and agents won't tell those things. They just produce fantastic return from selected few funds in particular period of time.

If any layman having good knowledge, skill and experience, definitely they won't go for Unit Trusts. What is that to remind them they should have done their homework before they invest in Unit Trusts?

So, what do you have to say about:-
1. Withdraw EPF money to help pay your mortgage?
2. Withdraw EPF money and invest in Unit Trusts?

I rest my case...........