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numbers are subject to interpretation.

Do you mean EPF wasted the workers' money?

Its called round hole to round peg.
If KLSE boring like NZ, I also have to go ROIC.

I like that......hahaha
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Orang Asia esp the Yellow skin talks more of business sense.. How???

Duke 3 goes from my house to Bandar Malaysia by passing the stupid MRR, must support.

wait till you experience Duke ! jam, then you know why EPF pays such a premium.....lol.

Mr Bandar Malaysia and 3 Dukes can do no wrong for 2017.

this Q result for Gamuda would be interesting.
What I call the no man land....in between MRT1 and MRT 2 jobs....property launches to come but no progressive billings yet.

IT could very well be a dip in interim earnings....interesting to see how the share will respond.

At PE 20...why people so bullish I can never understand.

in1792

re dataprep, what do you expect from a fundamentalist ?

interesting question....I too favor Ekovest over Gamuda, but then with institutions getting active, I would not bet against Gamuda in the short term.


77huat77 > Jan 8, 2017 11:44 PM | Report Abuse

why paperplane you don't like gamuda we

Bull market, everyone is a sifu.
Especially those a bit selective and those who hold a bit longer than the rest.
While fund managers had a hard time with CI going no where, quite a lot of Chinese companies did well.



Posted by 3iii > Jan 8, 2017 11:36 PM | Report Abuse

Unknown to many, it is actually very easy to get consistent returns of between 8% and 10% annually over the long term in KLSE in selected stocks.

are you a budding analyst?

if not, why bother?

blind blind

It is not fair to dig up old history because all recommendations come with expiry life and things change.

In evaluating bank shares, people then becomes number one because there is nothing else to fall back on.

I will not buy BIMB and its warrant because it does not comply with the second part of my 3 parts evaluation namely.....business, then people then numbers.

Raid

Value traps are easy to define.

These are so called clear value propositions traded at discounts to so called true or fundamental values but you touch, you die.

Traps countless numbers of value investors, die already still don't know why die.

more people should point out value traps.

I am strongly in favor of people writing about value traps.

We have limited capital. Every purchase is opportunity cost . More people should write about value traps because everyone wants to be Value Investor.

yes, I definitely watch less Bloomberg, CNN and BFM already especially after Trump won the elections. I just cannot bear to watch any Trump related news.


Icon8888 > Jan 8, 2017 02:53 PM | Report Abuse

stockmanmy, let me teach you how to overcome stock market anxiety

You just don't look at it

Icon8888 > Jan 8, 2017 02:40 PM | Report Abuse

Don't worry about bear

============

I agree. I have finally graduated from the worrier category to the smarter category.
This year, I will be trying some thing I have never done before.
I will be 100% invested at all times,..and if I want to buy some thing, I will have to sell some thing.
This way, I have my portfolio always pruned, always having the best probabilities and always ready to go.

In whatever area of expertise, there is a tool set
a good carpenter relies on appropriate tools
a bad carpenter blames his tools

More so in the area of share investment
Where 99% of the outcome is because of the behavior of the person and 1% is on the shares bought.

Where everyone uses the same tool set, or pretends they use the same tool set. From the part time housewife who asks for the eps and PE of the companies to the Warren Buffett wannabes..I think Stockmanmy is the only one who questions the appropriateness of the tools employed.

Stockmanmy has never written any book and no author has ever written from Stockmanmy perspective.

Never mind, there is always a first time.

Above all,Market Experience reigns supreme.
Nothing to replace experience and history lessons.

If I want to employ a Fund Manager, I will employ a history graduate, one who is interested in history over an accountant, over an engineer.

well, Hibiscus, Reach and SK Petrol definitely shows the futility and wrong headness of FA in choosing opportunities.

after all, who actually keeps the same share for 5 years?


5 days get out of here already.

5 weeks would be excellent

and 5 months is the rare real sifu.

bluefun

Its called security blankets.

Most people are addicted to it.

Ask them they make money or not..?..ask them whether they intend to hold the same shares for 5 years or more..?....those are totally different set of questions.

I know. All sifus talk long term, that is their insurance policy. Just like all those fung shui masters who can take you for a ride for 8 to 10 years.
But, are their customers holding the same shares for 5 years or more?


=============================
That answers your previous question; most people like you hold shares just a few days, and follow your apa itu "pivotal moment", lose money. Those who invest for long term as shown by my documented proof, make good compounded annual return.

Like that also still can't see, or fathom.

kc

I guess, if one intend to hold the same share for 5 years or more, the more accounting jargon the better.

BUT, the wrong tool for the wrong purpose ( or even right purpose) is nothing but a tranquilizer and a dangerous tool to use.

kc

there was a time when Jesus and Buddha can talk from the heart without the presence of lawyers and documentary proofs and people listens.
I love those times, Don't you?

I guess, if one intend to hold the same share for 5 years or more, the more accounting jargon the better.

But, is this what people do?

Do people hold a share for 5 years or more or just days and weeks and at most one or two quarters?


After a few days or a few weeks or a few quarters at the most, how do you feel holding the stock?


These are very relevant questions.

let's say
You have ROIC, enterprise value, cash flows, EBITA, ROI, ROCE, cash balances, alpha, beta, omega, cost of capital, Du Pont formula, eps, PE, NTA, gearing,
these might help you to understand the company a bit better, if you know what you are doing.

But are these necessary and sufficient conditions to make money?

The more rules, the tighter the rules, the likelihood is a portfolio of the same characteristics. Does it make one fat and lazy and a false sense of security based on a mumbo jumpo of accounting jargons?

and what are the implications of a portfolio based on accounting jargons? and their limitations?

what are necessary and sufficient tools in the tool box?
and if everybody uses the same tools to arrive at the same conclusions, what is the value of such conclusions?

FA like rice
You need enough to survive
Too much makes one fat and lazy

TA like vitamin
You need a little bit to perform at optimum
Too much is poison to the body.

Rudimentary knowledge of FA and TA enough to thrive in the stock market jungle.

too bad OTB chicken out
I have lost my chance to bet against him.

when a stock price is out of synn from its "true" or fundamental value?
Is it risk or opportunity?
Is it due to some unknown factors? known factors but unknown to the guy?
Is it due to ignorance or false and fraudulent information? Is it time to buy or sell?
And if everybody acts the same way when faced with the situation, where is the value in the behaviour?


there are more questions than there are answers.

the exact sciences...maths, physics, accounting, statistics..has taken over education of the young

People can try to duplicate the methods employed by successful investors by using the exact sciences, Warren Buffett has tried for decades to produce a duplicate of himself to be a successor but he has so far failed.

and on the frontier of successful investors, here in Malaysia, we have a guy called KYY. He tried but failed so far to reproduce another super investor. His CFA nephew failed miserably.

Can the exact sciences find the true value of stock so that its proponents can benefit from it? Maybe, maybe not but 99% of the results boils down to the behaviour of the participant.

kc

someone posted here stock market is 1% about what is bought and 99% about behaviour. ....and I agree. Never a more true statement.

And it is not whether I am accountant. Yes, I am a qualified accountant but not a partner of an accounting firm.

Living in the modern world is about handling contradictions. Contradictions are every where you look. More so in the stock market.

Cultural memes, religious memes, financial memes are full of contradictions.

kc

if all academicians agree on efficient market theory , stock market is certainly not badminton.

the shuttlecock only reacts to the forces acting on it,
the stock prices react to human decisions and human decisions in turn reacts to other human decisions.


I am forced to say, a record of superior returns is meaningless as each day is a new day.

Having $1 in hand is too tempting to ignore compared to a 50/50 chance at $3.


Yet......what is the use of $1 when every thing you want to buy already is more expensive?

Conquering impatience is far more difficult than reading Balance Sheets.

Selling too early into a bull rally is hard wired into common psychology

the hope is : every dog has its day esp the out of favor ones.

But, it makes sense only if it is monopoly money or OPM. other people money.

no, I did not
but your list is more weird than the below

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Calvin thinks you would have said the same when Jaks was 40 cts, Prestar was 46 cts, Masteel was 38 cts & Kheesan was 50 cts.

circumstances can change

investing through tough years is normally via well diversified balanced portfolio.

diversification is the only free lunch.

a record of superior returns is meaningless as each day is a new day.

good

somebody following his web site.

I think another disappointing quarter is imminent....even if you win the whole world contracts.


you need time to mobilise and progressive nature of profit recognition takes care of that.

this is a weird list...to say the least.

there is no legal recourse for KYY otherwise KYY will surely sue raider until ful lit for the liberal use of the word crook.

it is just not nice or proper

where is your IC, raid?

and your true name is?

it too got to fight for attention.

I am sure stock market is a great challenge to all engineers who are so used to systems, formulas and certainties.

margin of safety as the difference between the share price and actual value of a stock
and the actual value of a stock is the share price.

every thing else is an illusion. There is no Natural Law and natural value to it....just some man made conventions.

all values are relative and depends.

the only margin of safety is your business sense and intuitions.

OTB chicken out this year.
Lost my chance to bet against him.

raid

you are beyond redemption. Just argue for argue sake
Never to listen, never to reflect.


Reported EPS is historical.
Dynamic investing means we study its current and future operations.

I think you can find stocks that under performed in 2016 to put your money.

Be weary, be very weary in chasing previous year winners.

Don't succumb to mind tricks. The mind is always extrapolating.

take the case of VS, latest results down but revenue at historical high and future looks good.
This kind of share, you can buy. Target rpice of $ 1.70 to $ 2.00 is conservative.

This is called Dynamic Investing.

This raider I classify as dumb static investor...too stupid to look beyond the figures.