Posted by valueinvestor > 2011-06-17 07:58 | Report Abuse

why invest hard earned monies in big plc whose balance sheets are too big to be analysed correctly or even many research houses and audit firms may not or do not bother or do not know how to ascertain the quality of their huge receivables and other assets in the balance sheet like Muhibbah?
It will be safer to invest in companies like Mitrajaya or Ken Holding which have lesser receivables or collection risk although they are smaller outfits. Their balance sheets are much smaller but the quality of their assets can be analysed or ascertained more correctly ourselves.

'Small can be beautiful and safe' :-)