Posted by ahtan > 2013-12-25 21:49 | Report Abuse

good sharing, hit hard. we need real cool constructive pointer like you. thanks again

Posted by asamlaksa > 2013-12-25 22:00 | Report Abuse

Good one. Thanks for sharing.

Posted by heavyth > 2013-12-25 22:19 | Report Abuse

Hikcchongnz...what about the following stocks :Instacom , TMS ,Salcon , TDM , PMCORP , Kfima. Thanks & Merry Christmas !!!

Posted by kingcobra > 2013-12-25 22:27 | Report Abuse

Well a very big thank you for sharing the above news kcchongnz because I have lost lots of hard earned cash with those hanky panky companies esp csl ...knm...smartag....novamsc and many more......LOOKING FORWARD FOR MORE EXPOSURE THOSE GOOD FOR NOTHING COMPANIES PLEASE.....KCCHONGNZ

Posted by Paul Ng > 2013-12-25 22:52 | Report Abuse

Thank you for the sharing. You have given me the best present for 2014. Thank you very much.

Posted by houseofordos > 2013-12-26 00:04 | Report Abuse

KC, this is indeed a very good compilation of financial shenanigans in Bursa.. must keep for future reference... Bravo on the effort !

Posted by houseofordos > 2013-12-26 00:10 | Report Abuse

This book "Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports" might be useful too.

Posted by King Kong73 > 2013-12-26 09:00 | Report Abuse

haha..smartag...i hate to say this...but i was right about.this stinker

Posted by King Kong73 > 2013-12-26 09:02 | Report Abuse

amedia..i was fooled by the financial reports but yes manage to get.out.as soon as they start.to.asj for more.money..when.they.are.according.to their books making good money..it was too.good.too.be true

Posted by King Kong73 > 2013-12-26 09:04 | Report Abuse

sold too.early on uoadev..spritzer..perisai petroleum..these are growth stock tht i should have hold on a bit longer...

Posted by Jvei > 2013-12-26 11:55 | Report Abuse

hi Mr,houseofordos, any good financial book for dummies? especially in FA, reading those numbers, and financial term. thank you.

Posted by $$ Hunter > 2013-12-26 12:08 | Report Abuse

Learn something important from your post. Thanks a lot.

Posted by sephiroth > 2013-12-26 12:32 | Report Abuse

i think mkland should be remove from the 'lemon' list coz mk starts to give dividend 3 sen (since i bought at 30 sen aka 10% profit) + capital gain of 20%. the upcoming land sale (http://www.bursamalaysia.com/market/listed-companies/company-announcements/1268257) will free up more cash to reduce borrowings 9reduce from 250m plus to 139m currently, every quarter repayment of borrowings of 8 to 18m and still have 93.5m cash left) and maintain dividend. mk have positive cash flow from operations for 9 straight quarters and receivables reduce from 330m to 283m and there's more land sale coming up

Posted by kcchongnz > 2013-12-26 13:39 | Report Abuse

SEPHIROTH,
MK Land does seem to improve in its operations. A lemon in the past may not be a lemon in the future. For one, if the price has fallen to way below its intrinsic value, or its intrinsic value risen way above its depressed price, it is not classified as a lemon any more.

Anyway, the list is term "some stocks in Bursa", nothing mentioned about "lemon".

Posted by sephiroth > 2013-12-26 14:31 | Report Abuse

kcchongnz, thanks a lot for yr comment, i konw lemon not stated, but looking at the list of 16, noted 14-15 is whole fruit lemon

Posted by irene su > 2013-12-26 16:31 | Report Abuse

Thks for this enlightening article!

Posted by Fat Cat Tim Buddy > 2013-12-26 16:36 | Report Abuse

when life give you a lemon? https://s-media-cache-ec0.pinimg.com/originals/d0/2a/4d/d02a4d6a6f49f9822b2c403981a9240c.jpg kikiki...

Posted by yungshen1 > 2013-12-30 19:35 | Report Abuse

tq kcchongnz comment.but many big investor loses money such as lembaga tabung haji, cridit sussie , goverment singapore and etc

Posted by kcchongnz > 2014-01-09 18:51 | Report Abuse

What are the returns of some stocks in the year 2013?

I have summarized the return the stocks mentioned in this thread up to today as in the appendix below. The “Reference price” was the price at the time when I was asked about that particular stock. What are the characteristics of the return of the stocks?

It can briefly be summarized as below:
1. The average return of the portfolio is minus 8.7% versus the return of the benchmark FTSE Midcap70 of 14.5%. This means the portfolio underperformed the bench mark and alpha is negative at minus 23.2%, a huge underperformance.

2. I would expect a couple of high return stocks because basically these are all the “hot” stocks chased by many people. However, I found there is none. Although there are 4 out of 16 of them have double digit return, what surprised me again is that they are all in the low teens and none of these hot stocks even managed to beat the bench mark of 14.5%.

3. Instead there are 5 of them in double digit losses, all more than 20%. One of them, CSL, had a negative return of 71%, and AsiaMedia at minus 41%. Smartag would have suffered the same faith if not for the stiff rise for the last few days.

4. The above is the total opposite of a value investor’s portfolio which there are many big winners and little or none losers. Even there is one or two losers, the negative alpha is very small.

5. May be one should rethink of their investing strategy by following a proper process of value investing or trading rather than chasing the hot stocks of the day and following rumours.

Appendix
Return of some stocks
No. Company Ref Price Price 9/1/14 Gain/loss
1 Pmetal 2.520 2.370 -6.0%
2 GCB 1.800 1.410 -21.7%
3 Ivory 0.550 0.630 14.5%
4 PW 0.720 0.810 12.5%
5 Rsawit 0.850 0.785 -7.6%
6 LonBisc 0.680 0.695 2.2%
7 KNM 0.455 0.475 4.4%
8 MPCorp 0.550 0.430 -21.8%
9 MKLand 0.330 0.370 12.1%
10 Careplus 0.315 0.305 -3.2%
11 CSL 0.750 0.215 -71.3%
12 AnComLB 0.185 0.205 10.8%
13 Smartag 0.180 0.135 -25.0%
14 Amedia 0.135 0.080 -40.7%
15 NovaMSC 0.065 0.065 0.0%
16 Hibiscus 1.900 1.920 1.1%

xx Average xxxx xxxx -8.7%
xx FTSE Mid70 12294 14082 14.5%

Posted by kampa > 2014-04-17 09:42 |

Post removed.Why?