This "Bapok soft" GST counter is slowing losing its "soft bapokness".Once it closes and stay above 50 cents, it loses its bapokness and will transform into HERCULES all the way UP..

Calvin,
So are u attending the AGM?

zuolon, The biz model is very simple really. Imagine you own a BIG open air hawker shop, use 70% bank loan to buy BIG open air coffee shop, and u rope in the famous hawkers to sell their chap fun, mee yoke, curry & assam laksa, char kway teow, nasi lemak, mee mamak etc.

U as landlord just manage the property and make it hygienically clean at all times and work with the hawkers on special promotions on a periodic basis to draw in more customers. Will more and more customers come in to eat? Of course if place has plentiful carparks, very clean and food very good tasting and reasonable price.

Will u make money as landlord? of course mah , your job is to collect rentals every month and make sure the hawkers provide clean quality food at reasonable price. Sure you can pay back the bank loans mah?

Now Parkson is operating as hawker. Why cant Parkson became Mall OWNER & MANAGER ? Got to think out of Box mah?

Hi Guys and Gals,
Sorry for spoiling the party. RSC concept was used in IRAQ oil fields where the proved reserves is enormous. So PETRONAS the RSC contractor can make money. The quantity of proved reserves in Malaysia is very small compared to IRAQI proved reserves. Who makes the money? Most likely Sapura Kencana or other fabricators. RSC companies in Malaysia will not make much money!!

Leno ala Panlai, bodoh sombong, c2speeeed Investor,
An AGM is held every year to elect the board of directors and inform their shareholder members of previous and future activities. It is an opportunity for the shareholders to receive copies of the company's accounts as well as reviewing fiscal information for the past year and asking any questions regarding the directions the business will take in the future.

So are you going to vote for or against the special resolution on share buybacks?
Major controlling shareholder has asked "Please support"
So better be panlai and support as even if you do not support, the resolution will still go through.
When special resolution is passed, company will purchased another small 1.6% of total issued shares before it achieve resolution target.

Special resolution was announced to BURSA on 27 May 2014. Closing price on 27 May 2014 was 24 cents, and 22 cents a few days before. What does that tell you? Buy on rumours, sell on news right? So Panlai investor u had already sold out some of your shares bought at 21 to 22 cents , right? U r panlai investor, u make some money, good for u panlai investor!!

So Panlai investor, how r you going to decide at coming AGM?
Support share dividends or cancellation of treasury shares or mixture?
Frankly how you decide has no impact as major controlling shareholder had already decided what to do! Share dividends WILL NOT increase EPS, Share cancellation most likely will increase EPS and the market price maybe already reflecting this.

So here comes the most important question
What is the intrinsic worth?
Why is the market price trading below the intrinsic worth ?

Intrinsic Value is defined as The actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. So the value of a share is based on BOTH tangible and intangible factors.Mr market knows the Tangible info as it is already in the audited accounts and tangible info is higher than market price!!

So Leno ala Panlai, bodoh sombong n c2speeed investor, what is the intangible factors that influence the share price of PMC?

Also what questions will u be planning to ask controlling shareholder regarding the directions the business will take in the future to realize higher perceived value for PMCorp?

Just change biz strategy and focus to be BIG Mall owner and Manager in major market centers/countries that has purchasing power rather than be operator of departmental stores. Rope in more premium brand concessionaires and upscale online biz. Target aggressive expansion in INDONESIA.As resources is limited, focus expansion in markets with good purchasing power. Concessionaires co sharing with Parkson on strategic vision is another factor that must be ironed out fast.

Pm corp only got negative retain profit but cash is 17 cents. MUIIND has big loans so higher future interest rate, MUIIND must do something strategic to pare down their loans. MUIIND owns big chunk of pmcorp.

Leno where r u? U most panlai investor, u very panlai know everything about PMCorp mah. Why want to hide info? If you know, plse share lah. Don't keep rest here in uncertainty mah.
Please advise what was the total value of Loan stocks bought then?
What is the market value of the loan stock now ?
Has there been any impairment made to the value of the MUI loan stock by PM Corp up to now?
Will there be any further impairment made to the value of investment in MUI loan stock?
Cash per share is abt 17 cents. But there is impairment to Investments. The investment in MUI loan stocks is one of the impaired investments right? Will there be further future impairment to PMCorp investments? Does PMCorp management and owner want to take good care of minority shareholders interest?
Please share what you know leh since u very panlai investor invest BIG BIG in PMCorp? We small investors lah...can also buy from u mah if u r forthright with your info mah? No meh?

Leno,
U r the most panlai investor. I trust u r VERY panlai.

Please advise what was the total value of Loan stocks bought then?
What is the market value of the loan stock now ?
Has there been any impairment made to the value of the MUI loan stock by PM Corp up to now?
Will there be any further impairment made to the value of investment in MUI loan stock?

wilsongan,
PMC= Pan Malaysia Cement, Right? Not PM Corp the chocolate business right?So sold PMC, earn profit, then use PMC profit to buy MUI loan stock right?
What is the total value of Loan stocks bought then? What is the market value of the loan stock now ?

Raider,
What had been the net profit in % of Revenue for AZRB in the past for local construction jobs?

Hiyah, Think a little bit OUT of this counter loh
look for good strong KUDA with HI EPS(14.84 cents for Q1 2014), HI CASH per share(21.5 cents),Near ZERO Debt,TIMBER theme play loh

GPHAROS loh! GPHAROS strong horse loh! ONLY 134.5 million shares LOH!
Galloping now loh! Will Gallop further loh! Still early days loh!

GPHAROS GO GO GO GPHAROS GO GO GO!!

turtle tried to run too fast, tripped, overturned, now topsy turvy LOH!
Don't waste time watching turtle doing topsy turvy act, BORING LOH!!
More fun watching BARZIL GAME tomollo loh HAHAHAHA

counter zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
so please follow counter and zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz now
wake up 3.45 am to watch world cup!!!
At least u got more satisfaction ..... HAHAHAHA

wilsongan,
PM Corp got MUI ICULS? What is interest rate? What is the conversion price? When was it bought? MUI ICULS not listed in BURSA so I assume that it is a private financial agreement?

Is ICULS in the Money or OUT of Money? What was duration of MUI ICULS? When must PMCorp convert to MUI shares with ICULS?

Bolehland got few choices(at least better than one and only proton as choice for cheapest car!!)
work for government
work for your own private business
work for non crony-private sector
work for crony company
become a crony
if fail become BRIM recipient HAHAHAHA

Raider familiar with GPHAROS?
Stock is surging loh!
Entry Price@67 cents, now 95.5 cents +42.5% over 5 trading days loh

Frogs in boiling water already cooked and eaten up!
Can now drink frog flavoured soup HAHAHAHA

Jim Rogers described old man as "ECONOMIC INCOMPETENT"

Hiyah depend on tukang tilik sifu also also loh
Everyone got own kung fu mah
tukang tilik sifu wayang kulit also mah
What u no see, u wont know leh

No substitute for hard work loh
Must know what info to look for leh
Focus on Annual Report, Qtr report good mah
Use brain power to do work good mah
This sit down ,shake leg, telephone call, surf internet for info, i3 foruming, drink kopi can do mah

look for Chairman message, New business development, P&L, BS, Cashflow, Basic financial ratios, Notes to account, Top 30 Shareholders very good mah
Cash per share, NTA per share, operational cashflow per share, Total debt Equity ratio, EPS, DPS, Compute ROCE,Gross Margin increase or decrease, Debt/Expenses increase or decrease very important mah
No substitute for hard work loh

Work hard to create the opportunity loh!!!

Raider,
How to detect whether the management of any coy r pofessional mgrs or professional money pocketers? What info u go for immediately ?

Raider very good comments loh!!
Raider ultra gold hawk loh!
sunztzhe accept Raider views with open mind mah
means sunztzhe mind still open to raider ideas mah
Don't believe sunztzhe meh?

Hiyah gold/diamond can be present to wife/partner mah
Gold/diamond not make wife/partner happy meh?
Raider make so much money from hurdle rate investment loh
Sure Raider can buy gold/diamond as birthday present to wife or partner mah
or raider buy undervalue shares and give share certificate to raider wife/partner loh!
Which present has higher perceived utility value loh?

of course lah..raider very competent in margin of safety technique loh
just like money religion to raider mah, No meh?
imagine raider live through hyperinflation, can still do hurdle rate investment technique mah, No meh?

Best time to do hurdle rate investment technique and act on it is near/at peak of inflation, near/at peak of interest rate mah
No point doing and acting on hurdle rate investment technique at beginning and mid way of hyperinflation period mah
Raider no agree meh?

Hi albukhary,
R U from Trengganu? Do u know any info on the predominant type of Timber species in GP concessions. It was mentioned that the concession has the tallest and oldest Chengal tree which is very hard wood specie. I have done a rough value estimate and based on this price GP is very undervalued. My only reservation from increasing my position is I m quite ambivalent towards the Management philosophy. R they very professional manager type who will drive up the enterprise value or otherwise. Appreciate your advise on this matter. Terima Kasih.

Leno,
You have a big ego, personality ala poisonality problem. Just look at yourself in the mirror and ask yourself this question

First Question:
"Do I have big ego, personality ala poisonality problem?"

Second Question:
"How can I further improve my self image"

Hopefully you will address your weaknesses honestly and make a stupendous real effort to self improve. Hiking up Kinabalu is peanuts compared to your path to self improvement and image remaking loh.

For a start please refrain from ridiculing others as Blue Chip Pundan Investor, Bodo Sombong type ... stupeed etc" as these reflect badly on your upbringing and also how your parents had brought up so. Sorry I have to be honest with you on this matter.

Since you are panlai investor I will ask you , what will be your Return on Invested Capital on PRK Corp after SCR? Let us compare apples with apples OK? I had also invested in PRK Corp. I got in @1.80 and got out @3.20. Next I enter MKH @2.65, sold off cum bonus @4.80, Reenter after bonus @ 3.62. Now MKH price@ 3.93. U r a financial expert, please calculate using just 1,000 shares.

Have u lived with hyperinflation meh? wow you talk so panlai lah
Quote:
"Panlai investor seldom tok kok about economy lor. Usually use bottom up lor. Take one company, analyse and make decision. So simple. Got correct or not leno said ? Sure correct wan"
Unquote

When u r living in a hyperinflation country , do u still think "use bottom up lor. Take one company, analyse and make decision. So simple" is the right financial strategy ? Please ponder more loh.

Leno, I think u really "tok kok to yourself and had shown to yourself that you are indeed bodoh sombong..stupeed only loh."

In hyperinflation situation, Calvin Tan was spot on .."CASH IS TRASH". What is the point of high audited cash backing per share of a company in hyperinflation country like you so panlai panlai identify a company?

What would you do when you have cash in hyperinflation country? You still want to do Value investing methodology, hurdle rates discounting when the inflation rate keep on increasing by the hour? By the time you had computed the NPV, it is no longer valid loh. What will be your financial strategy to preserve the value of your cash in hyper inflationary period?

I hope you will take the above feedback positively to make effort to re-make your self image. If had not cared for you, I will not have even bothered to reply to your comments.

I so sincerely hope that you wont feel offended Leno as we all must rise above personal trivialities, personal prejudices to see the greater benefit of improving financial returns from investment through active discussion, challenging each other investment ideas, sharing info and sometimes heated exchanges. I believe that active but sometimes "heated challenge" is a very effective process to get the best value ideas out of every participants. Based on last night discussion on hyperinflation, I value the input from stockraider, Calvin Tan the most.

Thank you for your understanding. I hope this communication is also a learning process to you as well.

stockopertor,
Just online and read your comments.
When your spouse is tired of showing off old gold ring to friends , buy her a new gold chain, gold ring or gold coin. Gold coin she can keep. It is store of value just to diversify a wee bit as we are not 100% sure of what is going to happen in the financial future. For risk management buy highest quality and please get an authenthic certificate verification on % gold content.

Most people here are cushioned by a benign interest rate environment
They think that life is ever so good, nothing to worry
They don't understand the concept behind uncontrolled money creation and its consequent impact on daily lives
Uncontrolled money creation has its consequences but most people here are "kataks behind tempurung", thinks that life is ever so rosy
well if you have not experienced it, how will you know? That is precisely the point

Very few will know about uncontrolled money creation until the symptoms appear
By that time its too late, hyperinflation suddenly emerges
Just like the calm sea before the tsunami unleashed its fury in Thailand
Nobody knew that tsunami was approaching from far distance and even admired the beautiful long distant waves coming onshore
How beautiful is the wave, wow look at its beauty!!
little did they realized that tsunami is on the way
heading towards them with sudden fury
How many people died? killed by the sudden fury?
Hyperinflation tsunami will have devastating effects, that's for sure

They may understand the concept of hyperinflation but they may not have the experience of living through one
In reality they don't know how to deal with hyperinflation
Talking and living through hyperinflation require different skillsets
I have lived through hyperinflation elsewhere in this world
I know what hyperinflation is all about,what it does to the economy, to ones daily life, to ones purchasing power

Yes loh
Buy some gold coins loh
Buy plantation shares loh
Buy shares of good business loh
Buy land/property loh

Spend money and Go enjoy yourself loh

Is currency wars happening now?
Is currency wars currency debasement?
What is your view state of economy in USA, EUROLAND, CHINA , JAPAN loh
What are the Central banks in these countries doing or planning to do loh?
Would worldwide liquidity shrink meh?

stockraider,
U r financial expert, very highly competent one loh
I salute your high competent skills loh

Please think out of the box for once in your life loh
Go Singapore and make appointment with Jim Rogers to seek his advise on Asset Preservation strategy during hyperinflationary times
Just do it for your understanding loh

All of you Valuë investors are brained damaged by Warren buffet "Value Investing Methodology"
Dont you understand that Warren Buffett Value Investing has no place during hyperinflationary times?
U all shall suffer financial depreciation in assets by using Warren Buffet Investment advise loh
Why loh? Because your hurdle rate will be much more than 15% loh, it changes every day loh
15%, 30%, 100%, 1000%, 10,000% etc
What is your NPV using these high discount rate loh?
The answer is simple loh...nearly zero value loh
Raider still no understand meh? Or Raider too stubborn to think out of box meh?

Value Investing will again become of value after hyperinflation ends

Raider Still think sunztzhe still talk rubbish meh?

stockraider,
U r financial expert, very highly competent one loh
I salute your high competent skills loh

Please think out of the box for once in your life loh
Go Singapore and make appointment with Jim Rogers to seek his advise on Asset Preservation strategy during hyperinflationary times
Just do it for your understanding loh

All of you Valuë investors are brained damaged by Warren buffet "Value Investing Methodology"
Dont you understand that Warren Buffett Value Investing has no place during hyperinflationary times ?

Value Investing will again become of value after hyperinflation ends

Raider Still think sunztzhe still talk rubbish meh?

Well written Calvin and thank you.

stockraider,
U r full of fire loh
Please calm down and think out of the box loh

U r still using your high competency in Value Investing which is of no value during hyperinflationary period loh
U still don't accept this harsh truth to your ego meh?

U still think your high competency in Value Investing will arm u to fight against hyperinflation meh?
Tell me how many competent and highly skilled financial experts like u got killed during hyper inflationary period?

How many survived? Have you talked to George Soros or not? Pick his brains on how to survive and preserve assets during hyperinflationary period?

U still think Value investing will work well during hyperinflationary period meh?

Do u understand and accept that asset preservation strategy is the only strategy to fight against hyperinflationary period?

Raider Still very stubborn meh?

Sure meh?
U live through 1929 wallstreet crash meh ?
u sure stock price hold its value during hyperinflationary period meh?
u live through hyperinflation during Weimar republic meh?
u sure u no talk rubbish on "Value Investing during Hyperinflationary period meh?

just answer honestly loh

"What asset is the only store of value during hyper inflationary times loh?"

Stockraider,
Sorry I dont agree with your views in "VALUË INVESTING AT START,DURING & END OF HYPERINFLATION PERIOD" as this will lead to financial disaster for anyone following your views in hyperinflation investing strategy.

SORRY TO BE VERY STRAIGHTFORWARD LAH ...PLEASE PONDER LOH...

YOU UNDERSTAND GOOD WHAT HYPERINFLATION IS MEH?

WHY RAIDER STRATEGY ADVISE is WRONG STRATEGY LOH?
Sunztzhe Reply: Because In hyper inflation, anything of paper value collapse drastically n NO VALUE LOH. WHY GO FOR NO VALUE LOH?

YOUR HURDLE RATE OF 15% TOO LOW LOH
YOU THINK IN HYPERINFLATION YOUR HURDLE RATE OF 15% GOOD MEH?
PLEASE PONDER AGAIN LOH

SUNZTZHE VIEW:
The ONLY store of Value against hyperinflation is to hold Physical gold and Silver LOH. Buy as much physical Gold and Silver at start of hyperinflation LOH as GOLD & SILVER will hold its value against hyperinflation.

RAIDER TALK ABOUT VALUE INVESTING, SUNZTZHE TALK ABOUT VALUE PRESERVATION. RAIDER UNDERSTAND THE DIFFERENCE IN THE TWO CONCEPTS MEH?

PLEASE PONDER HARD HARD LOH

REALLY MEH? OF COURSE LAH, IF DONT BELIEVE GO GOOGLE HYPERINFLATION LAH

SUNZTZHE STRATEGY N ADVISE TO RAIDER:
BUY PHYSICAL GOLD n SILVER AT START OF HYPERINFLATION
HOLD IT THROUGH ALMOST TO END OF HYPERINFLATION
THEN SELL GOLD N SILVER , GO TO CASH
USE CASH TO BUY PROPERTIES & UNDERVALUED STOCKS

SUNZTZHE STRATEGY & ADVISE MAKE SENSE TO YOU MEH?

PLEASE GIVE STRAIGHTFORWARD HONEST REPLY LOH.

Stockoperator,
What is your view loh? Does Sunztzhe strategy in hyperinflation value investing make sense meh?

Stockraider,
What will u do in global meltdown where inflation n interest rate skyrocket, currency turmoil, stock markets meltdown n gold silver prices abhor up?

My question was "What was his stock investment strategy when interest rate spiral up to 18%?"
Of course , you should invest in bonds to earn 18% lah!!

well said and written to the point stockraider. However I will qualify it further "as ïn current benign interest rate environment."

What was Buffet's view when interest rate hit 18% pa as had happened in the USA in the past? Does he still subscribe to this view as stated by you?

When interest rate hit 18% what did Buffet actually decide on his investment strategy?

stockraider,
Please read carefully. I think you read too fast and missed key salient points as appended above by you.
EPS(A) means Earnings per share but with zero dividend payout assumption.
Earnings per share means Net Profit divided by No of issued shares
Why buy a stock with PE=10 but with zero dividend payout?

I will not buy PE=50 at RM 1.00 but I will monitor this stock and buy at lower price at 20 cents(PE=10) to max 40 cents(PE=20).

If you want immediate return( buy now, get money now), there is no such thing as immediate return unless you are lucky at Genting!!!

Immediate return means that you get something immediately like investing your money in Genting. In that case, you could also risk immediate loss of capital!!

At current economic situation, 10 years time horizon in holding stocks is too long time period as it will undoubtedly get any investor in deep trouble as world economic situation lacks clarity for the next 10 years. I am looking at max 1.5 years ahead only and will need to recheck economic situation in future.

Yes it is good yield at current benign interest rate environment. How would you react and decide when interest rate skyrocket as happened in the past?

If you anticipate interest rate to skyrocket , would you still be holding stocks knowing there will be severe price adjustment downward later on? Would you be cashing out , park your money in short term deposits to earn increasing interest rates and thereafter re-enter when market had bottomed?

What is the basis of your confidence that low interest rate environment will continue in perpetuity?

No that is incorrect.
I assume earnings of 10 cents (Company A)and 2 cents(Company B) to be Earnings per share whereas Kcchong meant earnings from dividends of 10 cents and 2 cents per share.
What kcchong should correctly state is dividends of 10 cents per share (Company A)and 2 cents per share(Company B)

The EPS number for A & B is not provided by kcchong.

Sorry, I do not invest that way.
I need to know current Earnings per share to calculate PE multiple before I consider to buy.
Frankly I do not hold shares for more than max 5 years.

OK make it simple.
Both market price of A & B is RM 1.00
What is the Earnings per share of Company A?
What is the earnings per share of Company B?

What is the PE for A and B at market price of RM 1.00 each?

Both selling at RM 1.00
EPS(A)= 10 cents/share Growth A=ZERO GROWTH FOR 10 Years. PE(A)=10
EPS(B)= 2 cents per share Growth, PE(B)= 50 with +20% compounded over 10 years

I could not find the divided payout per share but you said it was provided so I assume its zero dividend payout.

My decision is I will not buy both. Why?

For Value trap company max PE=4 or 5. So RM 1.00 with PE of 10 for Value trap company is very expensive for company with zero growth, not much energy shareholder cum management besides zero dividend payout.

PE(B) is Hi growth but I will ONLY buy company B during severe market correction from 20 cents to max 40 cents per share because it has compounded growth of +20% over 10 years.

Why? I want high return on my capital invested and I am willing to wait for the opportunity. Many investors are very "Kan Cheong" and got themselves burnt. I hope your name is not Kan Cheong Chong. Sorry for asking as I want to clear any misunderstanding on KC.

What is the dividend payout in cents per share for A and B?

Well I will sell off the condos with rentals inclusive , pocket the money and relax comfortably at the beach front. LONG TERM Gearing is not good for you kcchong!! HAHAHAHA

Remember what was causal factor for sub-prime crisis in USA that caused global meltdown in equity prices. Exactly what you just did. Use 100% debt financing to purchase property whereas other use 130% debt financing to purchase property in anticipation that property price will appreciate further. The whole banking system encourage the Use of more than 100% debt financing to purchase property and keep on repeating the cycle until the whole property pyramid CRASHED.

How many people lost their wealth?? How many committed suicide?? HAHAHAHA

Well I will sell off the condos with rentals inclusive , pocket the money and relax comfortably at the beach front. LONG TERM Gearing is not good for you kcchong!! HAHAHAHA

How do you finance the purchase of the condo? What is your equity capital to take on the loan?

What is the Total Equity capital of the company?