Hi Philip, STNE is now 17.82. Given the Covid-19 situation in Brazil your thesis for STNE still remains ? Do you plan to average down ?

https://www.malaymail.com/news/malaysia/2020/02/11/malaysian-glove-makers-allay-whos-concern-about-potential-chronic-shortage/1836576#.XkKR3oZsNdE.link

https://www.thestar.com.my/business/business-news/2019/12/07/petchem-ready-to-get-back-into-the-game

Can share what stock is it ?

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Thanks Calvin for sharing this idea, even a broken clock can be right twice a day. I have just added to my portfolio a new non bursa stock.
08/09/2019 7:18 AM

By Che Wan Badrul Alias - July 19, 2019 @ 1:21pm
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) plans to invest US$12 billion over the next 20 years to further contribute to parent Petroliam Nasional Bhd’s downstream businesses.

In an exclusive interview here recently, PetChem managing director and chief executive officer Datuk Sazali Hamzah said the allocation involvesd 20 value enhancing projects including mergers and acquisitions, and venture capital participation.

Sazali does not discount PetChem's organic growth in business via research and development (R&D).

When PetChem started 35 years ago, he said the company's focus was on basic chemicals converted from natural gas.

"At that time, specialty chemicals only consisted two to three per cent of our production," he added.

Now that PetChem's isononanol plant within the Pengerang Integrated Complex in Johor is slated to start operation at the end of this year, Sazali foresees earnings from the specialty chemicals business to expand to five per cent next year.

In 20 years, PetChem expects to produce as many as 50 variants of specialty chemicals. Sazali estimates this would boost contribution to 25 per cent of group earnings.

Specialty chemicals are usually used in construction materials, industrial paints and coating, toiletries, healthcare devices, neutraceuticals, automotive and oil and gas.

"We cannot continue to rely entirely on oil and gas reserves when specialty chemicals can be sold at a higher margin and is less exposed to the vagaries of crude oil and gas price fluctuations.

"Currently, PetChem contributes six per cent to Petroliam Nasional Bhd’s earnings. Hopefully, as our business expands over the next 20 years, we can see earnings contribution doubling to between 10 and 12 per cent," Sazali said.

"Our R&D is showing a lot of exciting developments, especially for four projects, one of which is now close to pilot plant stage, before we scale it up to be commercialised. If all goes well in five years, there will be announcements later.”

PetChem has three or four projects that involved mergers and acquisitions that will enhance its value chain in the pipeline.

"I cannot share the details but in the next six or seven years, we may invest US$6 billion, depending on the opportunities available," he said.

Philip,

QL, from 1.26M to 13.7M in 10 years. CAGR is 27%
Top Glove, from 1.3M to 9.2M in 9 years. CAGR is 24 %
Yinson, from 0.78M to 2.7M in 7 years. CAGR is 19%

Above CAGR based on if you invested all the cost at beginning. Since your cost was invested progressively the CAGR is higher.

You are indeed the oracle of Kota Kinabalu.

PLP stands for Po Lan Pa.
It means carry balls...to flatter someone. It's hokkien dialect.

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Posted by (S = Qr) Philip > Feb 26, 2019 01:01 AM | Report Abuse
Btw I am interested in knowing what plp means. What does PLP stand for?

Outliar, Philip,

What you want to calculate is call XIRR. You can't use CAGR. There is a excel spreadsheet function XIRR to calculate it.

https://www.investopedia.com/ask/answers/070914/what-are-main-differences-between-compound-annual-growth-rate-cagr-and-internal-rate-return-irr.asp

Watch videos below :
https://youtu.be/xRr5yAJyAYs
https://youtu.be/wlrgbtJgnas

Posted by Outliar > Mar 8, 2019 03:09 PM | Report Abuse

The purpose of course is that counting CAGR in that manner inflates your purported gains because it takes into account money put in say monthly at any time between the 1st and 10th year as money being put in at the beginning of the time period in which you are calculating. Or am I wrong on this? Do you compensate by deducting a few percentage points from your CAGR to account for this or what?