Clarification : "Not too long ago, you can get a three-room terrace house in Penang for slightly over RM200,000. Today, without some RM1mil, no seller would even talk to you" is certainly a WRONG statement.
It is REAL and NOT "ifs" and "buts". Mr Ooi is echoing the concept of investment in good growth counters such as MBB, Genting, Resort(Gemn), HL and many more. You can refer to the first book of Ren Yan, he did quote 10 counters as quoted by Mr Ooi TB. They are all real. The pertinent question is if you have the knowhow, discipline, and luck? Unfortunately I do not have, sigh…..
KNM is a ultra high growth company. Its revenue grew from 1.23b to 2.0b now. Yes 2 followed by 9 zeros. Its CEO has been saying that the share price six years ago at the adjusted price of 7.00 was undervalued and he wanted to take it private because of its cheapness.
But if you buy 1,000 shares of KNM in March 2008 for seven thousand RM, you are less than a thousand-aire in 2014.
Yes, it is so important to invest wisely. Please buy good fundamental and undervalue stock.
fortunebullz, happened to read some of your recent comments. Yes I don't think you hold any grudge against me. Neither do I have any ill feeling against you.
Don't know anything about AsianPac. Just peeped through AsianPac. Don't find any incentive nor motivation to spend my time on it.
KCChongnz! Please peep further with Asiapac! Its truly undervalue! My hope more credible seniors will highlight and help newbies make money! Cheers!
It is not my job and neither am I good at it to help newbies to make money in the stock market. I may be a bit busy body trying to highlight some pitfalls in the stock market. This is something that I feel I am not so bad at. Even that, I have made enough nuisance of myself, as you have felt before. I am sure many would think like you had. But that is not my problem.
KCChongnz! Please peep further with Asiapac! Its truly undervalue! My hope more credible seniors will highlight and help newbies make money! Cheers!
AsianPac does have something which disqualify it as a piece of shit, or lemon. It did not make any losses for the last 5 years. Earnings trend appears to be up. For the last three quarters, earnings improved It also has reasonable cash flow too. But is it truly undervalued as you proclaimed?
Not in my opinion.
Lets first look at if its business in property development outshines others or not.
In my opinion, far from it. Its return of equity of only 5% is not good. Do you want to put in money in a business which give you a return of 5%? Not for me.
Its balance sheet is not strong. Debts keeps on increasing. Lat year it jumped by almost 3 times more to 334m. Yes, good to borrow money to do business, but not borrow money to invest and get a return of just 5%.
Yeah yeah I know, this is all history. AsianPac has great future, the Imago Mall and whatnot. See link below:
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ooi Teik Bee
11,528 posts
Posted by Ooi Teik Bee > 2014-04-05 13:47 |
Post removed.Why?