Posted by Choivo Capital > 2020-02-29 15:18 | Report Abuse

Considering ICON's sailang into Jaks in 2019, and that most of his portfolio is in ABMB having exited Jaks at the end of 2018.

I have no doubt he is ahead of your -1% returns for the last 14 months.

Posted by Philip ( Icarus) > 2020-03-01 17:34 | Report Abuse

Nope you are wrong. Icon is a contrarian just like you with 40+ stocks.

If you are telling me he can put this entire portfolio into Jaks, then I just don't believe you ( remember I still have his purchases and the price of his stock purchases when we compared sausages back in 2019 which he later deleted).

In fact, you can be sure my portfolio is the most accurate you can find in i3 ( accept I'm sure yours is more accurate, with xx stocks etc,).

And your comments itself make no sense, if he exited jaks into abmb in the end of 2018, how does he sailing into Jaks in 2019?

You will see the icon8888 makes a lot of inconsistencies in his reporting.

He also said ewint, lctitan, Insas warrants etc were his big calls as well. Mbmr, abmb, this la that la.

Just like you. We don't know what you bought or your long term returns because you don't have any except xx stock returns. Your reporting is shoddy, and your articles lack research.

Fyi I also started a position in serba dinamik after reading your research and going much deeper into the state of affairs.

https://klse.i3investor.com/servlets/forum/600250630.jsp

Let's see.

>>>>>>

Posted by Choivo Capital > Feb 29, 2020 3:18 PM | Report Abuse

Considering ICON's sailang into Jaks in 2019, and that most of his portfolio is in ABMB having exited Jaks at the end of 2018.

I have no doubt he is ahead of your -1% returns for the last 14 months.

Posted by Icon8888 > 2020-03-01 18:58 | Report Abuse

Jaks I bought not much

Posted by Icon8888 > 2020-03-01 18:59 | Report Abuse

Alliance a Lot

SAM a lot

YTL Power a lot

MPI a lot

TSMC a lot

Kobay quite a bit

Posted by 10bagger10 > 2020-03-01 20:36 | Report Abuse

Master icon, ewint still can buy?

Posted by Philip ( Icarus) > 2020-03-01 21:20 | Report Abuse

Unlike you Jonathan choi, icon8888 is quite honest. You can kind of tell his risk profile and stock selection.

The secret to being a contrarian and surviving for many years is to not sailang on anything. Lose not much, but make huge money also cannot la.

Those who play sailang games usually don't last long.

>>>>>>>>


Icon8888 Jaks I bought not much
01/03/2020 6:58 PM

Posted by Philip ( Icarus) > 2020-03-01 21:44 | Report Abuse

You forgot to add my returns from stoneco:nyse bought at January 2019, 200,000 shares. My biggest weightage yet.

Revise your numbers and try again.

My biggest holding to date is STONECO.

Mr XX shares.

The Present Portfolio of bullshit imaginary stocks
Company Name Percentage
XX 22.11%
XX 16.81%
XX 10.59%
XX 7.20%
XX 5.38%
XX 4.44%
XX 3.78%
XX 3.42%
XX 3.24%
XX 2.99%
XX 2.06%
XX 2.02%
XX 1.77%
XX 1.75%
XX 1.75%
XX 1.70%
XX 1.42%
XX 1.32%
XX 1.20%
XX 1.09%
XX 1.05%
XX 1.00%
XX 0.97%
XX 0.93%
XX 0.89%
XX 0.89%
XX 0.80%
XX 0.63%
XX 0.60%
XX 0.50%
MARGIN LOAN (11.92)%
CASH 7.60%
TOTAL 100%
>>>>>>

Choivo Capital Considering ICON's sailang into Jaks in 2019, and that most of his portfolio is in ABMB having exited Jaks at the end of 2018.

I have no doubt he is ahead of your -1% returns for the last 14 months.
29/02/2020 3:18 PM

Posted by Philip ( Icarus) > 2020-03-01 21:45 | Report Abuse

What is your return again? But of course you can xx all you want.

Try maintaining a trackable portfolio, then come back talk ok?

Posted by Choivo Capital > 2020-03-02 11:47 | Report Abuse

Wah mahathir counter. This is fun.

Posted by Flintstones > 2020-03-02 12:07 | Report Abuse

Hi Jon. How are you feeling today?

Posted by Choivo Capital > 2020-03-02 18:26 | Report Abuse

A little frustrated, because i told myself my position is at max size and i won't buy more.

But at this price, getting very hard to tahan.

I really don't want my position any bigger.

Posted by Philip ( Icarus) > 2020-03-02 18:58 | Report Abuse

It's ok, you are using imaginary portfolio anyway.

With x.x figures just put more xx la to make the numbers work.

Posted by Choivo Capital > 2020-03-02 19:04 | Report Abuse

Phillip,

Keep talking while i buy some PCHEM at RM5.2.

What was your average cost again ah? Can't remember leh? I remember your spoke loudest when it was Rm9

Got money to shoot fish in barrel anot?

I'm just waiting for you to comment again about your 10m margin line, when they are people like buffet with enough cash on hand to buy half KLSE staying quiet.

Posted by stockraider > 2020-03-02 19:17 | Report Abuse

Who lying & cheating leh ??

Who have no balls leh ??

1st of all sape rm 3.00 in 3 years 3 months....by end of 2020...it still have another 1.3 years to go mah...!!

2. If Sape at the end did not hit Rm 3.00...but hit say Rm 0.70, what is the problem leh ?? U still make more than 100% mah...based on raider promoted price of rm 0.33 loh...!! Quite credible performance mah, of course if it hit Rm 3.00 is a jackpot return loh...!!
Nobody is losing anything mah...!!

Now coming to our bet....if u accept our bet today it should be based on current closing mkt price of Pchem rm 5.21 v sape rm 0.16 as at 2-3-2020 if u accept the bet who gain the most % by 31-12-2020 loh..!!

If u are confident about Pchem & say bad thing about sape....why should u be worry & do not dare with no balls to take the challenge leh ??

Do not give silly irrelevant excuse below to divert the topic mah..!!


Posted by Philip ( Icarus) > Mar 2, 2020 6:57 PM | Report Abuse

You been cheating and lying to ppl for years.

Now we ask you to take bet and stand by your prediction, you finally day you lie only.....

So fxxd up you lie and say sorry to ask the ppl u bring Holland with your fake prediction on sape rm3 in 3 years.

Or take up the bet lo! Since you say buy and lock up!

>>>>>>>>>

U can cheat people sometime for a very short time...but u cannot cheap people all the time for a very long time mah...!!
>>>>>>>>


Posted by stockraider > Mar 27, 2019 3:51 PM | Report Abuse

U use ur head & think lah....!!

How people can lose when Raider 3 yrs 3 mths TP Rm 3.00 and when the share price only 33 sen leh ??

U must invest long term loh....if u look at the price everyday...u sure get confuse and get panic loh...!!

Believe raider mah, bcos raider is cocksure u will sure make money in 3 yrs time mah....and not 3 mins, 3 hours , 3 days or 3 mths time loh...it is always long term 3 yrs time....u must buy & lock up loh....!!

Posted by Philip ( 2.3% fatality rate) > 2020-03-03 00:35 | Report Abuse

Aww,at least I am honest about my investments. You bought lctitan at 4.15 also filtering your idol icon8888, you sure as hell followed him in his iq group purchase at rm1, you also averaged down on lctitan at 1.7, and bought your petronm latest purchase at 4.7. so... You have money to buy pchem at 5.2? I just received dividends to average down, unlike your lctitan which forgot to give a dividend this quarter.

But it's ok Mr xx, I bet your imaginary portfolio has given you xxxx in dividends and you have xxxx in margin facility to buy pchem at 5.2.

You sure you don't want to average down and buy more petronm and lctitan instead? Or you sure you don't buy more timecom instead?

It's cheap at only xxxx per share.

Since you made xxxx returns I'm sure you can increase your margin facility leh.

>>>>>>>>

Posted by Choivo Capital > Mar 2, 2020 7:04 PM | Report Abuse

Phillip,

Keep talking while i buy some PCHEM at RM5.2.

What was your average cost again ah? Can't remember leh? I remember your spoke loudest when it was Rm9

Got money to shoot fish in barrel anot?

I'm just waiting for you to comment again about your 10m margin line, when they are people like buffet with enough cash on hand to buy half KLSE staying quiet.

Posted by Choivo Capital > 2020-03-03 16:18 | Report Abuse

Well, phillip, you have to be honest with yourself about something! Plagiarizing the work of others and attributing it as your own is pretty low, but then again, i don't have high expectations of you.

Nope. Icon and i actually differ extremely widely. I don't touch most if not all of his shares. We just have different philosophies. And what looks good in his philosophy, may not necessarily look good under my investment philosophy and usually it dosen't.

In fact, not too long ago, i called him a pump and dumper. Still, given your age, size of your ego and your integrity (or lack thereof), this inability to get even your facts right is probably the least of your flaws.

LCTITAN, ah. Thanks for raising that, we do need our noses rubbed into our mistakes often. There really isn't a more effective way than this in ensuring your minimize your mistakes.

I made 2 key errors. None of them related to icon, or his research.


One,
I failed to properly study historical earnings. If i did, i would have found out that they listed off record high earnings, and in the throes of record of demand and prices for polypropolene. At RM4, i felt it was cheap even if earnings was half of then, not realizing that is no way a deep enough discount. Still i knew that i knew very little of the company, and so bought something like a 0.7% position at RM4.

Two,
I did not properly consider the industry dynamics (Esp for the US new refineries and the type of refineries used), especially in terms of the supply coming online vs projected demand. If i did, i would have discounted it significantly more.

Still at today's price of less than cash (even though the cash is going to a refinery), its far too cheap.

I subsequently topped up a little at RM2.2, and RM1.7. For a total position of about 2.3%.

If i can see the the oversupply and low spreads, so can other refiners who will (and are) naturally slowing down producing and delaying project schedules.

I think this low cracks is a cyclical issue. In any event, your PCHEM is not immune either with PP's being about 60% of its business.

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > 2020-03-04 06:38 | Report Abuse

This is not high school kid. The most important and only thing in investing is being right. No money for beautiful writing, which you have quickly come to realize. We are here to make money from good analysis, not assumptions. Like your unique 5K report on rcecapital, who even cares about that? Isn't everybody "plagiarizing" warren buffet on value investing? You don't even know the meaning of the word plagiarize.

Plagiarizing means to copy other reports word for word. You will notice in my smallish I don't use words like PE and dividend Yield and ROE, I do qualitative analysis. The only thing I copy is audited financial facts and figures.

>>>>>>>
Before you arrogantly say its your call (given the size of your ego), based off research you copy and pasted from Seekingalpha, and attributed as your own.)
>>>>>>


Definition of plagiarize. transitive verb. : to steal and pass off (the ideas or words of another) as one's own : use (another's production) without crediting the source.

https://klse.i3investor.com/m/blog/philip2/2019-01-22-story-h1456976645-StoneCo_IPO_How_I_use_business_sense_to_understand_why_Berkshire_finall.jsp

This was my article last year when I bought the stock. I did credit Berkshire and ant financial for opening my eyes to this.

Please show me a seekingalpha article that uses the same qualitative description, same explanations and using the same WORD for WORD copy paste as I did. I have read every single seekingalpha article out there. Please show me which works I copy paste, failing so I expect an official apology and retraction of your slandering comment.


Today it is at 45 USD.

I'm very sure you did not buy it at usd20, so don't even lie ( Mr xx). You are a fraud, a liar, and not even a very good investment manager, or even a good auditor.



>>>>>>

Posted by Choivo Capital > Mar 3, 2020 4:18 PM | Report Abuse

Well, phillip, you have to be honest with yourself about something! Plagiarizing the work of others and attributing it as your own is pretty low, but then again, i don't have high expectations of you.

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > 2020-03-04 06:50 | Report Abuse

You use an article from 2017 to say it was a pick you followed? Funny.

This is my specific article on why PPHB was a good buy.

https://klse.i3investor.com/blogs/philip5/2019-01-30-story-h1456984491-CUN_CUN_CALL_BY_PHILIPTANGRAIDING_RESEARCH_GROUP_UNLIMITED_POWER_UP_TRA.jsp

This was in 2019 and bought specifically because I saw they could get an additional 800k a month generated from the hotel. Specifics, not generalization, unlike you.

How is this plagiarizing?

If you were to use a 2017 article to compare, versus scuttlebutt info I have from a relative I have who works with PPHB, you might say I was plagiarizing him instead ( I did credit my brother in law btw).

And I was right on the gains and subsequent pump (and dump) by otb and others.I promise I did not buy a single cent.

What did you do? Did you really gain 100% from my article or from the yeong guy?

If you had followed my research and investments, you would have made 50% from yinson, 100+% from stoneco, 100% from PPHB ( before the dump but still up 30% from my buycall), 25% from ql, while waiting for pchem to handover IPIC (as per my OWN research) and GKENT 13 billion contract.

All while receiving dividends.

>>>>>

PPHB was not a pick from you, it was from Yeong Sheng Tey.

http://www.sharetisfy.com/2017/12/pphb-8273-annual-letter-2017.html

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > 2020-03-04 07:15 | Report Abuse

But... Your research and quality is faulty.

Stock: [LCTITAN]: LOTTE CHEMICAL TITAN HOLDINGS BHD

Jan 31, 2020 4:38 PM | Report Abuse

I'll tell you about it in 6 more years.

Not trying to be an ass. I'm being sincere with this comment here.

But that article actually made me want to buy more. Really odd right.

You bought high and average on a company with no competitive advantage, with a 11 billion petrochemical complex opening next door and the 40 billion refinery and cracker supply next door. And no space to expand. How to compete long term? You tell me lah.


Stock: [GKENT]: GEORGE KENT MALAYSIA BHD

Jan 28, 2020 6:17 PM
Water Meter: RM25m per year for now until eternity.
LRT2/3: RM60m split over 4 years, (6% of RM1bil).
Engineering: RM0 because i no idea how good it is.
Discounting: 10%.

Using these conservative estimates, its worth about RM300m. Add the cash of RM200m. Its now worth RM500m. Which is right about the current market cap.

6% of 1 billion? Did you even do ANY research? No wonder 90% of short term investors don't make money from the stock market.

Stock: [RCECAP]: RCE CAPITAL BHD

Feb 18, 2020 6:23 PM | Report Abuse

This company is doing so well, im almost scared tbh. I rebought a small position the other day.

Good luck with covid-19 and retail economy going standstill this year. You will be back to the old 1.60 value trap soon.

Stock: [PETRONM]: PETRON MALAYSIA REFINING & MARKETING BHD

Feb 10, 2020 2:17 PM | Report Abuse

No, last q will be a loss.

Your "predictions" is so full of inconsistencies how to trust your analysis? Holland maybe.

Hard to trust you when you say you bought this and that xx xx, but no trackable portfolio so you can say basically whatever you want.

Stock: [PETRONM]: PETRON MALAYSIA REFINING & MARKETING BHD

Jan 3, 2020 1:22 PM | Report Abuse

Increased my position size by another 6%. Now its above 20% of portfolio.

You already post this on your comments, why not be honest for once and post up so your portfolio so we can track your long term performance?

No need to twist left and right.

Just open your shared portfolio. Lifetime is gain or loss?

Looks like a loss to me.

You have mine. As per 2019. Let's compare your results.

Yinson
Ql
Pchem
Gkent
Stoneco
Topglove


>>>>>>>>>>


The Present Portfolio of bullshit imaginary stocks
Company Name Percentage
XX 22.11%
XX 16.81%
XX 10.59%
XX 7.20%
XX 5.38%
XX 4.44%
XX 3.78%
XX 3.42%
XX 3.24%
XX 2.99%
XX 2.06%
XX 2.02%
XX 1.77%
XX 1.75%
XX 1.75%
XX 1.70%
XX 1.42%
XX 1.32%
XX 1.20%
XX 1.09%
XX 1.05%
XX 1.00%
XX 0.97%
XX 0.93%
XX 0.89%
XX 0.89%
XX 0.80%
XX 0.63%
XX 0.60%
XX 0.50%
MARGIN LOAN (11.92)%
CASH 7.60%
TOTAL 100%

Posted by Sslee > 2020-03-04 07:57 | Report Abuse

Haha
Stockraider don't need to bet, if you happen to be in klang during 3rd or 4th day of CNY I buy you bah kut teh

Posted by Sslee > 2020-03-04 08:07 | Report Abuse

Haha philip,
PPHB hotel make a loss.
https://cdn1.i3investor.com/my/files/st88k/8273_PPHB/qr/2019-12-31/8273_PPHB_QR_2019-12-31_KLSE%204th%20Quarter%202019_-571645357.pdf
SEGMENTAL INFORMATION
Hotel Revenue: RM 6,105,000
Result: (RM 1,076,000)

Thank you

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > 2020-03-04 09:18 | Report Abuse

Can you read back properly?

Hotel operations only started in 1/6/2019, your future of losses is inclusive of construction and setup.

Please read back your qr report, from Oct- December 19, when operations consider still running and improving and cost cutting (800k to cut)

Revenue 3.696 million, profit 206 thousand. 5.57% net profit. Expected yearly profit 1 million ( excluding covid year). Not good?

Now please apologize to my brother in law for making fake claims of losses.

Posted by Sslee > 2020-03-04 12:09 | Report Abuse

Dear Philip,
Please convey my unreserved apology to your brother in-law for my mistake in reading PPHB financial year end 2019 result and wrongly quote:
Hotel Revenue: RM 6,105,000
Result: (RM 1,076,000)

So please allow me to amend the correct figure as pointed out by Philip:
From Oct- December 2019, when operations consider still running and improving and cost cutting (800k to cut). Revenue 3.696 million, profit 206 thousand. 5.57% net profit.
I was actually misled by Philip article on PPHB
https://klse.i3investor.com/blogs/philip5/2019-01-30-story-h1456984491-CUN_CUN_CALL_BY_PHILIPTANGRAIDING_RESEARCH_GROUP_UNLIMITED_POWER_UP_TRA.jsp
Estimate pricing: 100 rooms fully occupied x 25 days x 400 x 12 months = 12 million yearly
So we are looking at additional nett earnings after completion from hotel alone (not yet accounted for parking, rental of retail shoplots etc) of at least extra 3 million every year.

Work out to be 3 million per quarter and nett earnings 750 thousand per quarter. I am satisfied with your Hotel revenue per quarter of 3.696 million but as Philip put it please find a way to cut 600K per quarter so as to make a nett earning of (600+200)= 800K per quarter.

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > Jan 29, 2019 8:43 PM | Report Abuse
Hi all, raiderphilip have a plan. If everybody work together and we sapu 51% of outstanding stocks in pphb, we can all attend the next agm and scold the directors of the company for taking 7 million is director fees when the company only produce 15 million in profits.

This is an outrage! Please someone share this article to more friends so we can bersih the horrible management into giving us that 0.01 dividend! ( 2 million only)
I think 2 million in dividend is fair!

Don't you think so?

Please read more to learn for your safe investment in stocks. Patience will come to those who wait, and wait, and wait.

https://klse.i3investor.com/blogs/philip5/191626.jsp
Another reason to buy: the owner owns more than 44% of the business. He not stingy like insas say cannot buy this cannot buy that la wtf. He say follow general philip! IF BUSINESS DO WELL, WE ALL DO WELL. IF BUSINESS DONT DO WELL, SOLI LO I DO SHARE PLACEMENT DILUTE MY OWN SHARE HUHUBUKUBKU. So far I trust him la. Why trust leh? This is because he grow shareholder equity from 100 million in net worth to 220 million in networth from 2009 - 2019.

So Philip please asks your wife and brother in-law to attend AGM and in no uncertain term told BOD off are they trying to insult the minority shareholders with 0.25 Cents dividend?

Thank you

Posted by stockraider > 2020-03-04 12:15 | Report Abuse

THIS WHAT HAPPEN IF U TRUST AN ENGINEER LIKE PHILIP TO DO ITS MATHS....NO MARGIN OF SAFETY ALLOWANCE....NO SENSITIVITY TEST....JUST BULL DOZE WITH...BEST OPTIMISTIC DREAM SCENARIO LOH....!!

I THINK SAMETHING HAPPEN TO PCHEM TOO LOH....!!

Posted by Sslee > Mar 4, 2020 12:09 PM | Report Abuse

Dear Philip,
Please convey my unreserved apology to your brother in-law for my mistake in reading PPHB financial year end 2019 result and wrongly quote:
Hotel Revenue: RM 6,105,000
Result: (RM 1,076,000)

So please allow me to amend the correct figure as pointed out by Philip:
From Oct- December 2019, when operations consider still running and improving and cost cutting (800k to cut). Revenue 3.696 million, profit 206 thousand. 5.57% net profit.
I was actually misled by Philip article on PPHB
https://klse.i3investor.com/blogs/philip5/2019-01-30-story-h1456984491...
Estimate pricing: 100 rooms fully occupied x 25 days x 400 x 12 months = 12 million yearly
So we are looking at additional nett earnings after completion from hotel alone (not yet accounted for parking, rental of retail shoplots etc) of at least extra 3 million every year.

Work out to be 3 million per quarter and nett earnings 750 thousand per quarter. I am satisfied with your Hotel revenue per quarter of 3.696 million but as Philip put it please find a way to cut 600K per quarter so as to make a nett earning of (600+200)= 800K per quarter.

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > Jan 29, 2019 8:43 PM | Report Abuse
Hi all, raiderphilip have a plan. If everybody work together and we sapu 51% of outstanding stocks in pphb, we can all attend the next agm and scold the directors of the company for taking 7 million is director fees when the company only produce 15 million in profits.

This is an outrage! Please someone share this article to more friends so we can bersih the horrible management into giving us that 0.01 dividend! ( 2 million only)
I think 2 million in dividend is fair!

Don't you think so?

Please read more to learn for your safe investment in stocks. Patience will come to those who wait, and wait, and wait.

https://klse.i3investor.com/blogs/philip5/191626.jsp
Another reason to buy: the owner owns more than 44% of the business. He not stingy like insas say cannot buy this cannot buy that la wtf. He say follow general philip! IF BUSINESS DO WELL, WE ALL DO WELL. IF BUSINESS DONT DO WELL, SOLI LO I DO SHARE PLACEMENT DILUTE MY OWN SHARE HUHUBUKUBKU. So far I trust him la. Why trust leh? This is because he grow shareholder equity from 100 million in net worth to 220 million in networth from 2009 - 2019.

So Philip please asks your wife and brother in-law to attend AGM and in no uncertain term told BOD off are they trying to insult the minority shareholders with 0.25 Cents dividend?

Thank you

Posted by Choivo Capital > 2020-03-04 12:25 | Report Abuse

Aiyoh, i really cannot keep up with these retirees in arguing online.

Really no energy, read the comments also sien d.

Can we stick to talking about the stock ah?

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > 2020-03-04 12:34 | Report Abuse

Sure thing,
which stock?

XX or XX?

I think XX is going to go up, I'm going to buy XX stock because the owner earnings is 600 million.

What do you think about XX? I think it is a good buy, how about you?

>>>>

The Present Portfolio of bullshit imaginary stocks
Company Name Percentage
XX 22.11%
XX 16.81%
XX 10.59%
XX 7.20%
XX 5.38%
XX 4.44%
XX 3.78%
XX 3.42%
XX 3.24%
XX 2.99%
XX 2.06%
XX 2.02%
XX 1.77%
XX 1.75%
XX 1.75%
XX 1.70%
XX 1.42%
XX 1.32%
XX 1.20%
XX 1.09%
XX 1.05%
XX 1.00%
XX 0.97%
XX 0.93%
XX 0.89%
XX 0.89%
XX 0.80%
XX 0.63%
XX 0.60%
XX 0.50%
MARGIN LOAN (11.92)%
CASH 7.60%
TOTAL 100%

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > 2020-03-04 12:44 | Report Abuse

So, you agree in my analysia of 12 million revenue per year? it is good numbers? And profitable? yes?, So in hotel terms do you think there is no production hiccups and cost cutting available to increase profit for a first time hotel runnning management? Of course there is.

Also, I will do that the moment you go and tell BOD of Berkshire in no uncertain terms why they are insulting minority shareholders of Berkshire with no dividends for 50 years?

Is dividends all you want? They have already started a dividend payout program.
Growth ? They have clearly increased revenues by 3.6 million a quarter from their hotels.
Earnings? Have they lost money for you?

Despite the pump and dump activity by OTB and gang, the business of PPHB is still doing fine and good share price increase in 1 year (from 0.49 to 0.72 today).

Dividends is not the be all and end all.

Look at airasia and their 90 cents dividend.

Please, evolve your investing methods.

The Dogs of the Dow method is full of holes.

>>>>>>

So Philip please asks your wife and brother in-law to attend AGM and in no uncertain term told BOD off are they trying to insult the minority shareholders with 0.25 Cents dividend?

Thank you
04/03/2020 12:15 PM

Posted by lilychan > 2020-03-04 14:29 | Report Abuse

mahathir and muhyidin become enemy die lo

Posted by Sslee > 2020-03-04 17:09 | Report Abuse

Hahaha Philip,
I thought in Malaysia only TTB of ICAP fame comes close to Berkshire. I did not realize that PPHB BOD is equally of caliber and status as BOD of Berkshire. My mistakes again so please accept my sincere apology.

And if your wife happens to attend the PPHB AGM please convey the minority shareholders profound gratitude and thanks to PPHB BOD for growing shareholder equity from 100 million in net worth to 220 million in net worth from 2009 - 2019. As of the BOD kindness in giving 0.25 cents dividend for financial year end 2019 we will put it into good use by buying more PPHB shares.

Thank you

Posted by Sslee > 2020-03-04 17:38 | Report Abuse

And by the way,
INSAS Net Worth base on NOSH - 693,348,000 Note: Treasure shares as on 30/6/2019: 30,327,291
30/6/2010: RM 823,482,000. NTA: RM 1.1877
30/6/2019: RM 1,737,078,000. NTA; RM 2.5053
Total dividend during this period 10.3 cents
Note: 2019 financial report:
11 ASSOCIATE COMPANIES
Represented by:-
Share of net assets; RM 323,080,000
Goodwill on acquisition RM 114,341,000
Total RM 437,421,000
Market value of quoted shares in Malaysia; RM 998,535,000 (30/6/2019) RM 1,376,569,000 (30/6/2018)

Thank you

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > 2020-03-04 20:37 | Report Abuse

What is your point

Xinquan market value of quoted shares 27 million, net worth based on nosh 921,821,000.00
Parkson market value of quoted shares 197 million, net worth based on nosh 1,856,893,000.00
Asianpac market value of quoted shares 124 million, net worth based on nosh 1,532,243,000.00
Insas market value of quoted shares 437 million, net worth based on nosh 1,776,858,000.00

So many billion dollar companies with high net worth, shouldn't you buy them instead? More ACCOUNTING margin of safety in parkson and xinquan.

The important thing to apply here is logic and rational thinking.

Why are such high net worth companies having such depressed share price for so long? Is the market blind? Is everyone blind?

The answer is very simple and rational. Why don't you look at it like this, it's clear when I put it in this way:

QL networth 2 billion produces yearly revenue of 4.23 billion.
Yinson networth 1.7 billion produces orderbook of 40 billion in projects ( and counting).
Public Bank networth 43 billion produces yearly revenue of 22 billion.
Xinquan networth 921 million produces revenue of -110 million(after contra losses)
Parkson networth of 1.8 billion produces revenue of - 4 billion (if you contra losses)
Asiapac networth 1.5 billion produces yearly revenue of 190 million.
Amazon networth 225 billion produces yearly revenue of 280 billion.
Petronm networth 1.7 billion produces yearly revenue of 11.4 billion.
Insas networth 1.7 billion produces yearly revenue of 170 million.

If you use rational thinking,
1. A business is not a business of it doesn't make money
2. A business cannot generate more cash earnings than its revenue. ( Unless you start going to accounting land). Therefore revenue generation in terms assets is very important.
3. Efficient companies produces outperformance relative to its assets company's.
4. Retained earnings should be used to grow the business, else given out as dividends or share buybacks.

So, would you hire a cheap supervisor who can work OT every Saturday and Sunday, run entire plantation, do the job of 3 men? Or are you the type to overpay for a manager who works only 10% as hard as the supervisor, but has all the master degree, writes beautiful PowerPoint slides, but has no idea how to run the plantation?

I know what I would choose, rationally.

I hope you understand what I mean instead of repeating same old tired story.

Thank you.

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > 2020-03-04 20:50 | Report Abuse

As for PPHB, it is a company with networth of 247 million generating 203 million in revenue.

That is your starting point of asking if this is a business you would buy.
Then you look at earnings, 23 million.
Then you look at asking price for the entire business, 140 million.
Then you look at the long term prospects of the company.

That is how you should look at a stock, as a business.

Not pieces of paper to buy and sell.

Rationally speaking, if you were looking to buy a car,

If someone wanted to sell you a Ferrari worth 1.7 million for 170 thousand cash, would you say OK I'll buy it now? Or would you look everywhere inside and out to find out why the car is selling so cheap?

And if the car has been in sale for the last 5 years with no buyer, I'll be doubly careful.

The trick is to understand the mileage on the car, and how far it can go before it breaks down.

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > 2020-03-04 20:56 | Report Abuse

Insas price to value has been abnormal for the last 5 years. Imagine a company with 1.7b assets the same as petronm, except petronm did 11.4 billion revenue and 178 million in earnings. The other 1.7b asset company only does 200 million in revenue and 95 million in earnings. Which one is intrinsically safer and which would you pay more for?

Obviously both are companies I wouldn't touch because of the limited long term prospects.

But another story for another day.

Posted by Sslee > 2020-03-05 07:32 | Report Abuse

Dear Philip,
Just to compare PPHB net worth (100 million to 220 million from 2009 – 2019) with Insas net worth 30/6/2010 - 30/6/2019: RM 823,482,000 (NTA: RM 1.1877) to RM 1,737,078,000 (NTA; RM 2.5053) or about average addition of 100 million per year.

Hopefully one day INSAS share of profit from associated companies (RM 22,412,000 as of 31/12/2019 half year result) + Fair value gain of financial assets (RM 3,087,000 as of 31/12/2019 half year result) will be higher that it revenue (Revenue RM 85,235,000 and Net profit RM 49,328,000 as of 31/12/2019 half year result) So is revenue more important or net profit more important?

Note: Financial assets at fair value through profit or loss: RM 234,104,000 (as of 31/12/2019)
If only Dato’ Wong is as smart investor as Philip and bought Stoneco, by now the fair value gain would be more than the revenue.

Beside INSAS wholly own subsidiary Credit & Leasing Sdn Bhd - Aggregate amount of outstanding loans as at 31 December 2019: RM 259,993,000. The interest rate charged by ICL is in accordance with the Money-lending Act, which is not more than 12% p.a. for secured loans and not more than 18% p.a. for unsecured loans.
Deposits with licensed banks and financial institutions RM 545,654,000
Cash and bank balances: RM 119,245,000
ASSOCIATE COMPANIES
Represented by:-
Share of net assets; RM 323,080,000
Goodwill on acquisition RM 114,341,000
Total RM 437,421,000
Market value of quoted shares in Malaysia; RM 998,535,000 (30/6/2019) RM 1,376,569,000 (30/6/2018)

TOTAL LIABILITIES: RM 506,107,000 with Total current assets RM 1,508,327,000
Is price for the entire Insas RM 0.75 x 663,006,342 under value, fair value or over value? I am happy to collect Insas every month.

QL net worth 2 billion produces yearly revenue of 4.23 billion and net-profit of about 250 million, a profit margin of 6%. With this type of revenue, how much working capital, borrowing, hard-work and clockwise planning required? Is price for the entire business 13,272 million fairly value?
Murphy’s Law: Whatever can go wrong will go wrong.
QL CEO Dr Chia work OT every Saturday and Sunday, run entire business, do the job of 6 men (planter, mall operator, fisherman, chicken & eggs farmer, retailer) as oppose to INSAS CEO Dato’ Wong holidaying in UK with family from 23th Jan 2019 to 10th Feb 2020.

Would you like to work your ass off like Dr Chia or work only 10% as hard as Dr Chia like Dato’ Wong?
By the way if you give out loan RM 259,993,000 and collect your interest monthly from lenders, may I ask from your collected revenue how many % is the net profit?

I hope you understand what I mean instead of repeating same old tired story as though you are the only one know how to look inside out of a car before buying it.

Thank you
Your statement, “A business cannot generate more cash earnings than its revenue” is wrong because share of profit from associate companies and fair value gain of financial assets did not generate revenue but give you pure profit and dividend received is pure cash. Hope you learn something new today

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > 2020-03-05 07:59 | Report Abuse

This is why ql worth 13 billion and INSAS worth 400 million. Both have 2 billion in assets.
But one buys family Mart, boilermech, expands to Japan, Australia, Vietnam and Indonesia doubling revenue and profit.

The other sells roset at a loss. Tribecar lossess. Dome Cafe growth versus old Town coffee (frustrating). Melium group lossess. Vigcash losses sold. Biotech lossess.

If ceo continues to go on holiday they will not find another INARI.

Murphy's law is correct: those companies had already gone wrong, which is why for last 5 years share price has been languishing.

Yes I still like my superman family working hard for the company, no days off.

You can go on holiday.

>>>>>>>
QL CEO Dr Chia work OT every Saturday and Sunday, run entire business, do the job of 6 men (planter, mall operator, fisherman, chicken & eggs farmer, retailer) as oppose to INSAS CEO Dato’ Wong holidaying in UK with family from 23th Jan 2019 to 10th Feb 2020.

Posted by Sslee > 2020-03-05 08:59 | Report Abuse

Hahaha Philip,
Imagine work only 10% as hard as Dr Chia can already growth Insas net –worth RM 823,482,000 (NTA: RM 1.1877) to RM 1,737,078,000 (NTA; RM 2.5053) from 2010-2019. What will happen if work 30% as hard as Dr. Chia?

New CEO Dato’ Wong streamline INSAS business units
1. The Group runs car rental businesses in Malaysia and Singapore. The car rental business in Singapore has become very challenging in recent years following the merger of Grab and Uber. The disposal is a rationalisation exercise of the car rental division by selling the Singapore car rental businesses back to the original founder and principal director, and the Company will re-acquire 100% ownership of the car rental businesses in Malaysia
2. Insas is an investor owing 49.6%sharein Numoni. Numoni is in the process of disposing a major subsidiary and upon completion, Numoni intends to wind down gradually and return surplus funds to its shareholders. INSAS continues to see Fintech as an important sector to invest into for the future. Most likely, Insas or a related company will acquire the remaining of Numoni’s IT related assets to position for the next Fintech wave.
3. Melium has taken many steps to turnaround its fashion and F&B businessunits for FY2020 including expansion of 3 fashion retail outlets (include MCM store in Pavilion & KLCC), 1 food & beverage outlet and closing down 2 loss making units
4. For the last few years, Insas Technology sets a nominal annual target of about RM20 million in volume for this form of trading. So far Insas Technology has not incurred any losses on this business due to careful trading. Based on our assessment, RM20 million is the annual revenue which the trading business can be conducted profitably and safely
5. DGSB is carrying out a rationalization exercise which includes the disposal of a substantial subsidiary in Thailand and has started investment in food technology based businesses in Malaysia.
6. https://www.theedgemarkets.com/article/huawei-appoints-omesti-authorised-system-integration-partner
Omesti Group of Malaysia has been appointed by Huawei Technologies Co. Ltd. as Authorised System Integration Partner for its Business Support Systems (BSS), which is designed for application with customer relationship management (CRM) and billing activities, primarily in the telecommunications sector

Executive Director Dato’ Dr. Tan (a Masters and PhD in Engineering Science in 1981 and 1983 respectively from Harvard University, USA) Dato’ Dr. Tan has more than 30 years’ experience in the global IT and related high technology industries. He joined Insas Berhad in 1997 where he currently heads the Technology Division is task driven in growing INSAS Technology Division future growth in E&E, ICT, Fin-Tech, Biotech and Food-Tech.

Thank you

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > 2020-03-05 13:01 | Report Abuse

I think good luck to you la. You have fallen in love with your stock, which is the worse thing for investors. You no longer see the business for what it is off loading, rationalization, downsizing. Whatever others say you will still hug your INSAS to sleep. Good luck to you.

Your stock does not know you love it.

Posted by qqq33333333 > 2020-03-05 13:36 | Report Abuse

2% fatality rate, 80% recovery rate . The other 18% neither dead nor recovered...................18% zombies?

Posted by Sslee > 2020-03-05 13:56 | Report Abuse

Hahahaha qqq3,
I love my beloved Malaysia but my beloved Malaysia does not know I love her. So what should I do?

Posted by qqq33333333 > 2020-03-05 14:18 | Report Abuse

sslee

this is politics before principles era............the right thing to do is self preservation..............every thing else is hypocrites.............

Posted by qqq33333333 > 2020-03-05 14:20 | Report Abuse

Indonesia..............by 2050, the fourth largest economy in the world is Indonesia...................................

Posted by mf > 2020-03-05 14:23 | Report Abuse

Dow set to drop more than 200 points at the open following Wednesday’s surge

Posted by qqq33333333 > 2020-03-05 14:28 | Report Abuse

sslee

if u want to feel / see what patriotism, love your country, sacfrifice for the greater good, united, positive, happy, grateful, optimistic, help each other looks like...............go to China. There is no other place on earth showing more of such attitudes...........

Posted by Outliar > 2020-03-06 18:04 | Report Abuse

Oh man, -19 cents for Ron95 and -21 cents for Ron 97, next QR GG?

Posted by ivanlau > 2020-03-06 21:05 | Report Abuse

new government will press down the oil price in order to gain back support. But kasihan the petronm & hengyuan , both will be the victim in this game. petronm c u below 4 .....

Posted by Choivo Capital > 2020-03-06 23:21 | Report Abuse

When Phillip is being civil. I find myself agreeing with him.

One of the hardest things I've ever learnt is buy earnings, not nta. I'm not a liquidator.

All my nta co's are the one's I find most irritated by right now. When petronm drops, I smile abit while being a little angry that my position is so big, that I don't feel comfortable buying more.

When plenitude falls. I just feel irritated. Because I don't feel like buying more.

Posted by Icon8888 > 2020-03-07 10:51 | Report Abuse

What happen ? Crack spread decline ?

Posted by mf > 2020-03-07 10:54 | Report Abuse

https://www.bharian.com.my/dunia/amerika/2020/03/662775/kapal-terkandas-di-perairan-21-positif-covid-19

Posted by stockraider > 2020-03-07 10:58 | Report Abuse

If u buy into earnings like Petron....anytime it can disappear loh....with current big fall in crude price....Petron will be hit with a huge inventory impairment loh...!!

I think the key is invest base on margin of safety is the answer...not necessary just earnings loh....!!

posted by Choivo Capital > Mar 6, 2020 11:21 PM | Report Abuse

When Phillip is being civil. I find myself agreeing with him.

One of the hardest things I've ever learnt is buy earnings, not nta. I'm not a liquidator.

All my nta co's are the one's I find most irritated by right now. When petronm drops, I smile abit while being a little angry that my position is so big, that I don't feel comfortable buying more.

When plenitude falls. I just feel irritated. Because I don't feel like buying more.


Posted by Icon8888 > Mar 7, 2020 10:51 AM | Report Abuse

What happen ? Crack spread decline ?

Posted by Icon8888 > 2020-03-07 11:11 | Report Abuse

Actually petron did very well in latest Q If not because of derivative losses of RM25 mil