Posted by tradeview > 2019-01-05 22:34 | Report Abuse

You have my utmost respect for your grit, honesty, perseverance and willingness to share your experience Mr Philip.

Posted by stockraider > 2019-01-05 23:29 | Report Abuse

THE WAY THIS QQQ HAS DESCRIBE IS IF HAS NO BUSINESS SENSE LOH...!

I remember this qqq mentioned, the samething similiar what he says on jaks when it was rm 1.70 and sendai when it was rm 1.30, but today it is far less than few months ago & it turn out to be a big disaster if u check the price today loh...!!

Bj Graham always say ,u buy with big undervaluation & cheap as it has big margin of safety & u sell to Mr Market when he is optimistic offering to buy at an overvalue price mah...!!

As Per Bj Graham Principle
If it is established this insas is highly undervalue, means that it has high margin of safety that means buy mah...!!

On the otherhand if QL is trading at PE 50x with dividend yield less than 0.50% pa, which means overvalue, u should sell to Mr Market without regret loh....!!

Thats why raider see qqq call, most of time is lousy bcos he do not follow the right proper business sense convention mah...!!

His approach is basing on greater fool theory loh...!!

Posted by qqq3 > Jan 5, 2019 10:41 PM | Report Abuse

eddy888
139 posts
Posted by eddy888 > Jan 5, 2019 01:39 PM | Report Abuse

I totally agree INSAS is under value & QL is overpriced. If anyone insist to buy or hold QL, you will cry once market index drop to 1500. But your money & you manage the risk. Good luck.

Posted by sense maker > 2019-01-06 02:01 | Report Abuse

Congratulations on your success and thanks for sharing.

Just some thoughts:

The supply-demand dynamics of top glove’s products may finally turn one day, having had such a good long run, leading to declining profits due to oversupply.

But QL is more prone to re-valuation to half its current price. Still, the share price of QL is miraculously resilient. Many came up to comment critically especially on QL but none suggested short-selling it. That would be interesting.

So, some caution may be in order. Extremely high PE may not be necessarily indicative of unshakable moats all the time.

Posted by qqq3 > 2019-01-06 06:05 | Report Abuse

there is no scenario that Insas can outperform the market....let alone out perform QL......

value traps....I think every beginner have to go through that stage.....what u think?

as for this raider....experience no help for raider...10 years experience for others is 1 year experience X 10 for raider.

Posted by 3iii > 2019-01-06 07:21 |

Post removed.Why?

Posted by 3iii > 2019-01-06 07:29 |

Post removed.Why?

Posted by 3iii > 2019-01-06 07:49 |

Post removed.Why?

Posted by 3iii > 2019-01-06 08:18 | Report Abuse

You can park your cash in bonds for the short term but to be in bonds for the long term is going to be less rewarding for those knowledgeable in equities.

Posted by 3iii > 2019-01-06 13:08 | Report Abuse

>>>
Blog: Fundamental Analysis versus Phillip Fisher’s Business Sense: A case of Inari Vs QL

Jan 6, 2019 08:52 AM | Report Abuse

Dear Mr. Phillip,
I quote on Nov 27, 2018 11:47 AM: “When you hold 1 million shares ( after buying for 10 years, share split, steadily up year after year), then you realize kids like 4444 know nothing about business.”
Jan 5, 2019 11:03 PM “To be perfectly honest, the bulk of my 2m shares in QL was bought from 2009-2016, I have benefited greatly from share split since then. As such, I am not here to tell you to buy QL or recommend you to buy QL or any stock whatsoever.”
Jan 6, 2019 08:15 AM “Just to prove my point,
I bought QL in 2009 - 2m shares
I bought TOPGLOV in 2010 - 2m shares
I bought YINSON in 2012 - 600k shares
I bought public bank with me, wife and father in law money in 2012 - 500k shares
I am definitely not a one trick sailang pony. Just someone who sticks to his circle of competence. I am not a gambler or emotional person. I started working as engineer with 2k salary, now is 7k almost retiring at 60.” <<<

Posted by CharlesT > 2019-01-06 13:11 | Report Abuse

I am not a gambler or emotional person. I started working as engineer with 2k salary, now is 7k almost retiring at 60.”

Fm RM200K+ in 2009 to RM20m plus in 2018 no donation no bank robbings no lottery no rich dad

We finally found GOD in I3

Posted by CharlesT > 2019-01-06 13:18 | Report Abuse

Some said he could be qqq3's son who work as an Analyst in PB who then conspired with qqq3 to promote JAKS to KYY?

Posted by 3iii > 2019-01-06 13:48 |

Post removed.Why?

Posted by probability > 2019-01-06 13:51 | Report Abuse

very likely...he chicken out saying say last messages etc...after i suspected he is the son of qqq3...

when sslee makes blog to dispute someone..u start smelling something

Posted by CharlesT > Jan 6, 2019 01:18 PM | Report Abuse

Some said he could be qqq3's son who work as an Analyst in PB who then conspired with qqq3 to promote JAKS to KYY?

Posted by 3iii > 2019-01-06 13:56 |

Post removed.Why?

Posted by stockraider > 2019-01-06 14:06 | Report Abuse

THIS MESSAGE IS DIRECTED TO MR LONG AS WELL AS 3iii,

There is many way to skin a cat & make monies mah....don be so naive and arrogant as if your way is the only way to make monies mah...!!

Posted by 3iii > Jan 6, 2019 01:56 PM | Report Abuse

>> Posted by 10154899906070843 > Jan 5, 2019 11:03 PM | Report Abuse

I appreciate your gesture sslee. I'll try to give you some further insight on my investment basis as that was how I bought into QL 2009, TOPGLOV 2010, YINSON 2013. And more importantly, how I am still holding onto the shares and adding more today, Even while everyone else started selling far too early.

To be perfectly honest, the bulk of my 2m shares in QL was bought from 2009-2016, I have benefited greatly from share split since then. As such, I am not here to tell you to buy QL or recommend you to buy QL or any stock whatsoever.

That decision is up to you.

All I am presenting to you is the fact that there is a far better way to invest for the long term. When I bought QL in 2009, it was pe28. Inari pe before the cliff drop was around 30. Amazon for a very long time was pe100+. Google, apple, Berkshire all have high PE.

Why? The reason is because investors a willing to pay a premium for a wonderful company. And the reason they are willing to do that is because they get REWARDED.

So my advice is. These are my criteria in stock selection in particular order:

1. Scuttlebutt. Story first and foremost. What is the competitive advantage. How accurately can you identify the business growth will be 10 years from now.
2. Valuation and fundamental analysis on intrinsic value second. Always take this with a pinch of salt, as those figures can change drastically. Books can be cooked. Companies can restate their financial results it not even submit them.
3. Technical analysis on when to buy. Personally I don't worry on this one too much anymore. Timing doesn't really matter much if your expected holding period is 10 years or more.

If you pay peanuts, you'll eventually get bitten by the monkey.

Buy quality. Cheap people get cheap results.<<

Posted by qqq3 > 2019-01-06 14:23 | Report Abuse

y probability > Jan 6, 2019 01:51 PM | Report Abuse

very likely...he chicken out saying say last messages etc...after i suspected he is the son of qqq3...
==

probability....u really very char...no wonder u always gets every thing wrong......

Posted by probability > 2019-01-06 14:27 | Report Abuse

ok...adopted son lor...kiki

Posted by qqq3 > 2019-01-06 14:29 | Report Abuse

by stockraider > Jan 6, 2019 02:06 PM | Report Abuse

THIS MESSAGE IS DIRECTED TO MR LONG AS WELL AS 3iii,
========


me? I think long's way is the normal way most people can use the stock market to make a real difference, a big improvement in their lives. Long is a big hitter.....for big hitters, no better advise than..........Buy quality. Cheap people get cheap results.



and raid....you and your Insas....I guess every beginner goes through the stage of value traps like this Insas.....but for raider 10 years experience is 1 year X 10......

Posted by stockraider > 2019-01-06 14:30 | Report Abuse

I think my insas is much better than your jaks loh...!!

Posted by qqq3 > Jan 6, 2019 02:28 PM | Report Abuse

by stockraider > Jan 6, 2019 02:06 PM | Report Abuse

THIS MESSAGE IS DIRECTED TO MR LONG AS WELL AS 3iii,
========


me? I think long's way is the normal most people can use the stock market to make a real difference, a big improvement in their lives. Long is a big hitter.....for big hitters, no better advise than..........Buy quality. Cheap people get cheap results.



and raid....you and your Insas....I guess every beginner goes through the stage of value traps like this Insas.....but for raider 10 years experience is 1 year X 10......

Posted by qqq3 > 2019-01-06 14:34 | Report Abuse

stockraider > Jan 6, 2019 02:30 PM | Report Abuse

I think my insas is much better than your jaks loh...!!
==========

I am a trader....To me, the only thing that is important is price movement in next 12 months...actually 3 months will see result.....

Posted by CharlesT > 2019-01-06 14:36 | Report Abuse

Then why u never buy currymee leh..one week also can see the result if u follow sifu otb

Posted by CharlesT > 2019-01-06 14:36 | Report Abuse

Sifu otb gave u angpao u smart trader dumb dumb dont want take

Posted by CharlesT > 2019-01-06 14:37 | Report Abuse

I also told u everyday since mid dec...

Posted by CharlesT > 2019-01-06 14:39 | Report Abuse

U made few cents fm supermax oredi so excited like striking jackpot n telling the whole world...if u follow to buy currymee.....

Posted by CharlesT > 2019-01-06 14:39 | Report Abuse

U can make 50% n can fly to the moon then...

Posted by stockraider > 2019-01-06 14:40 |

Post removed.Why?

Posted by qqq3 > 2019-01-06 19:45 | Report Abuse

raid...why i need excuses? I don't sell any thing to you.....

Posted by samyew1234 > 2019-01-06 22:53 | Report Abuse

wow, good good, i learn a lot, thanks all

Posted by Pewuf > 2019-01-07 17:58 | Report Abuse

baby come back

Posted by (S = Qr) Philip > 2019-01-30 17:40 | Report Abuse

Reading back I just noticed what appoloang said about buying into ql in 2001 and yinson when it was just a trucking company in JB.

I wouldn't have bought those stocks in those days either, you wouldn't have known if it would sink or swim. But buying later, how did I know how to keep investing in the stock?

Thinking back on this fact you really have to ask yourself when should you buy a stock? The secret was very simple and outlined in Peter lunch book one over wall Street which is very easy to grasp.

You shouldn't be buying a a stock when it is cheap. You should buy it when it starts to see success, and you learn about it's growth prospects and when it gains a business advantage over it's competitors. You buy it during its stable growth phase.

You don't buy stock which is recommended by friends and strangers or things you like. You should get it after careful consideration of is business prospects, company financials and upcoming prospects.

Then you hold on for the ride.

Posted by Heavenly PUNTER > 2019-04-19 13:19 | Report Abuse

Came back after 3 months, good advice as ever

Posted by kcchongnz > 2019-04-19 13:42 | Report Abuse

Good article to read for most people here. However, this statement here from you puzzles me,

""what is the sacrifice of shareholder value? Anytime a company takes on more outside debt to grow its revenues and earnings, the shareholder value is damaged. Anytime a company dilutes shares to buy companies or gives out dividend, it dilutes shareholder value. (trust me this happens every single time, a company that gives out high dividends usually end up in a bad position)""

Especially the last one.

1) Taking more outside debt sacrifice shareholder value? If return from borrowings great than the costs, it can't be right. This I believe is a typing error from you.

2) A company gives out high dividend usually end up in bad position? A bad position because share price drops? Are we talking about just capital gain, or dividend return is just unimportant and not part of the total return?

I have written a few articles on stocks on high dividends; Padini, Sciientex, Perstima, Uchitech in the links below,

https://klse.i3investor.com/blogs/kcchongnz/62058.jsp
https://klse.i3investor.com/blogs/kcchongnz/128386.jsp

Uchitech in the first link has been a multi-bagger after considering all the dividends and bonus shares although its growth is not worth mentioned about.

In the second link, the total price appreciation is still 60% after 2 years, while the broad market is down by 1.6%, after taking into considerations of dividends.

I have written about many stocks of high dividend yield, and on the whole, they outperform the broad market by a wide margin too.

Most of these companies still grow, but they just need a small portion of its profit to grow because of their high return on capitals, and the rest return to shareholders, to do what they like.

Posted by (US/CHN trade war doesn't matter) Philip > 2019-06-25 07:35 | Report Abuse

Sorry for the late reply, a return follow up on my opinions.

I also term outside debt as rights issue, iculs, warrants, esos, basically anything that ties back to net profit per share in the long run. If return is greater than costs than obviously it is a good thing in the long run. However, borrowing costs are a fixed liability, while returns can be inconclusive.

2), imagine a company giving out 80% of its net profits as dividends. Where then would it be 5-10 years from now? How would it compete against is peers if it no longer has the means to defend itself? If Apple, Amazon, Google, Alibaba, even Uber and grab had started with a huge dividend policy, do you think they would have had a commanding position that is a monopoly on its own?

It is the age old question, do you have the cookie now? Or 2 cookies tomorrow.

>>>>>>>>>>>>>

1) Taking more outside debt sacrifice shareholder value? If return from borrowings great than the costs, it can't be right. This I believe is a typing error from you.

2) A company gives out high dividend usually end up in bad position? A bad position because share price drops? Are we talking about just capital gain, or dividend return is just unimportant and not part of the total return?

Posted by Kachimachine > 2020-05-31 08:04 | Report Abuse

Read this on 31st May 2020. Damned!! I just found a humble-Malaysian-living-legend-investor. Thank you for sharing. :)