Q1 2014 report shall be on 29.01.2014. Final dividend 2013 is 2.75 sen.

End of November 2013, any news of renewal of concession of 30 years lease? 472 m renewal fees can be added to the cash should the renewal fee is zero! Any one has any info?

Good quality stock, present IPP income is going to end soon and new one from Laos is coming.

Well said, waiting to read your part II. I like your selfless contribution to the Rawang orphanage, salute to you.

Cash rich with no debt. Safe stock in case of any downturn.

Cash rich company. 2Q revenue RM27.87m, cash in bank RM41m, current and noncurrent debt RM0.65m, good dividend 4 sen in 2Q.

Cash rich company. Q4 revenue RM35.97m and cash in bank RM34.71m! wow! Another sifu kcchongnz stock selection.

Up to Q3, TWP has FCF of 38m. Come 26.02.2014, the FCF should match at least 2011 FCF. TQ kcchongnz.

B.V. of PM Corp on Q2 is 44.22 sen. What we are buying at present price is a discounted price. Q3 book value should be fantastic.

Why NCB borrowed bridging loan of RM70m and OD of RM943k? Is it for renewal of lease expiring this month?

Hi davidkkw79, where do you get this target price of RM2.50? NCB Earning has improved from Q2 -RM5,771,000 to Q3 RM27,265,000. EPS Q2 -1.2sen to Q3 5.8sen. Not a bad performance.

I spoke to Calvin yesterday after the market closed. He said everything is still intact.

Tan KW, keep up the good work, we support you.

Profit 2013 was 70.4m, 2014 2Q profit is 24.6m. Still alot to catch up.

Healthy correction before the next barrier of 40sen.

Hi invest118, noted with thanks.

Sorry, dropped from RM4.80 to RM 3.59.

In NCB, the CEO resigned and the price dropped from RM4.80 to RM2.59 lowest.

Hi invest118, thanks for the enlightenment. But I just wonder the management must be very brave to pay the shareholders all the money they have and don't keep certain portion for investment.

RM141m-RM93.95m-RM46m=RM1.05m. So still short of RM1.05m.

Hi invest118, PMcorp has RM93.95m cash in the bank as stated in the Q2 2013 report, where to get RM141m? Thanking in advance for your answer.

Agree with Mr Ooi TB, revenue dropped by 8.9% but profit dropped by 97.9% in Q2 2013, why?? Wait for Q3 2013 announcement on 22.11.2013 to confirm. I can't find any write up on RM 141m cash mentioned by Mr Calvin, where to find the evidence.

I took my higher Chinese in MCE and scored but now I have to resort to dictionary to get hanyu pinying to write in computer. Chinese, if you don't practise, you can forget very fast and totally.

Posted by JCool > Sep 15, 2013 09:32 PM | Report Abuse

"kcchongnz... from d postings tat i c here nobody really gives a damn abt wat u put in ur valuation so long as u stir up d interest in d counter n its price moved up... n everybody made a profit... n cheers all round..... so far so good cos as d liquidity bull is stil around.... but d test is wait till they made losses later u c if d love is stil there... "

Hey JCool, what you said is not true, at least for me, I refer to the annual report and found KC figure corresponded to the report. I am convinced about his valuation. Even if the price dropped back to 70 sen of 2009 after tapering of QE3, it is not KC's fault but market force. I am prepared to weather this consequences.
16/09/2013 07:56

Right to the point, Mr Ooi TB. We are very grateful of your analysis. We have to decide to buy or not to buy the stock mentioned and we have to bear the consequences of our decision. Keep contributing, Mr Ooi, we are matured enough to take responsibility for our own decision. Thank you Mr Ooi TB and Mr KC Chong.

I wish the administrator of this forum can filter out the rude and sarcastic criticism. It is very disheartening to read a rude comment about an unselfish gentleman's contribution. You must be educated to be able to write in this forum, why behave like a street fighter? Jack1 comment is very constructive. I hope KC Chong and OOi TB can continue contributing. We are very appreciative of your contribution, Mr KC Chong. Thank you.

I welcome JCool latest more constructive and friendly comment. Sarcastic and belittling comment is really very rude. KC Chong's analysis is really excellent and garners a lot of respect.

Agree with bsngpg. Though a shory history reading i3investors, I benefited a lot from KC Chong's analysis.

Thanks KC, I shall look up Tan KW's post on valuations from Jae jun. Keep up your good work, you have our support. Cheers!

Hi KC, what I said is sincere and truthful, you are really great. Don't feel discouraged by occasional ungrateful comment. Many like me will appreciate your superb research. I grew up in Penang but work in Kedah. Should you happen to come to this part of the world, we can have famous laksa in Ayer Itam.

His effort is divine. Doesn't matter it moves the price but at least he has given an unselfish endeavour to benefit those who are interested in the counter. In fact I feel confident to collect the share in time of crisis. Thanks alot KC Chong NZ.

I believe I can safely follow your portfolio. Agree, we should judge them after a few years! Investing in share is like planting trees, you need time for the plant to fruit. Thanks, KC.

Hi KC,
I would like to take a lesson from you as to how to calculate Intrinsic value, should you decided to give this lesson.

Hi KC,
How about the acquiring of OPES, whether this has any effect in collection of debts? As stated, if there is a default in payment, how severe will it affect the profit?

Hi KC, thank you very much. After I have gone through what you have contributed in this forum, I respect you, that is why I seek your opinion.

Hi KC,
What do you think of MSC? Lately alot of talk about the failed COW in Koba Tin and price has dropped. I understand this was last year's news and 2Q has passed.

Dear KC,
Thank you so much for your clarification. I am marveled by how you can readily arrive at the intrinsic value of so many stocks. You are great and unselfish. Salute to you. I am from Northern Malaysia. If you happen to come to this part of the world, please let me know. My email: nokenzo@hotmail.com.
I am a science graduate trying to understand finance, just like a fishmonger trying on masonry work. lol.

Hi KC, Thank you so much. You have made my life so much easier. One last question, why use 1-25%? and what is 7%?

Hi KC, I tried for whole day to get the figure you gave in market cap like wt? 86% and 10.0%, and in total debt 14.0% and 5.3% ???. How you get these figure? Sorry I am still in MFCB trying to understand your intrinsic value. Hope you don't mind parting your knowledge. Thank you in advance. The following was what you wrote.

Cost of capital is the weighted average cost of capital (WACC) of equity and debt holders. It is worked out based on followings:

WACC Wt R WACC
Market cap 421767 86.0% 10.0% 8.6%

Total debt 68712 14.0% 5.3% 0.7%
490479 9.3%

Hi KC,
Thanks alot for your prompt reply, I really appreciate it. Shall try again base on your assumption. I am a novice and try to understand what you mean. You are really kind to enlighten me. Thanks again.

Dear KC,
Thank you very much for your excellent analysis of MFCB intrinsic value. However, I failed to arrive at certain entries of your data. I would be much obliged if you could kindly enlighten me on how to get these figures, viz: Ebit, Income tax, D&A, cost of capital, capitalized earnings and minority interest. I have tried to look at the 2012 financial statement of MFCB, but somehow I cannot find or add up to the above mentioned data like yours. Thank you again.