Posted by Icon8888 > 2015-10-24 00:13 | Report Abuse

For Tongher, associate company loss, if any, will continue to dampen sentiment

I know

Because I was its victim

Posted by globalvalueinvestor > 2015-10-24 02:49 | Report Abuse

@Icon8888, I read your article before, yes, mistake had been made. So do you will buy more leverage down or you will cut loss save capital or do nothing and see first?

@Angiegoh, I always love when some like you who believe in deep value write article like this. Btw, why your Aquire value = ev/ebit is different numbers then mine?

Posted by JT Yeo > 2015-10-24 04:41 | Report Abuse

Hi Angie, something you might be interested. Deep value case studies but based on UK companies. There's a link for Jeroen Bos and appendix.

http://csinvesting.org/2015/10/13/deep-value-investor-and-case-studies/

Posted by tony89 > 2015-10-24 06:06 | Report Abuse

However, many companies do so and 'wash' their net profit.

Is there any reason why they do so? are they hoping that the associate will recover so that the next quarter will pop out more profit?

Posted by globalvalueinvestor > 2015-10-24 07:19 | Report Abuse

@Angiegoh, I got your figure, 3.73. :)

Posted by Icon8888 > 2015-10-24 09:11 | Report Abuse

@globalvalue I cut loss already

Posted by veln82k6 > 2015-10-24 12:01 | Report Abuse

I think Chinwell far better than Tong Her in terms of profit and cost controlling.

Posted by calvintaneng > 2015-10-25 10:32 | Report Abuse

For Tongher it is more a commodity play. Last time when Nickel price shot up Tongher share price also jumped up (Guan Chong jumped also due to rising cocoa bean prices. Tongher had large stock of Nickel while GuanChong hoarded cocoa beans). For the last 5 years Nickel priced dropped by 50%. So Tongher also weakened in price.

As for fasteners Europe is now in recession. Euro zone also put dampener for M'sian exports.

A better Stock with VERY DEEP UNDERVALUATION IS MULTICO. It has Very Solid NTA. Last time pay generous dividends. Also its two divisions 1) Electrical & Electronic & 2) Automotive components will benefit Greatly from coming TPP.

Since today is Sunday time to visit www.chick.com