Then i wish you lose all in ays and hiaptek. Pay back those loses suffer by others because of you. No need so concern about your lousy report. I will reveal when it is right timing. Childish old man.
AYS without Uncle Koon look like not so good leh. No one can tulis blog like Uncle Koon kah. Like this 50sen pun pecah not bery good leh. Sudah pecah lower low leh. Like this hard to play leh. Ular pun afraid to play again leh. |Correct?
Hope Uncle Koon change his mind after AYS turun until certain level and he buycall again lah. Like this baru ada hope lah. Uncle Koon also can change his mind after he see ada opportunity again. You cannot rule out Uncle Koon will be back again leh. Correct?
Uncle Koon give angpao one leh. Why cannot worship Uncle Koon kah. If you give Ular angpao Ular also can worship you leh. Ular very flexible one leh. Correct?
vcinvestor
i pity those of you who still worship KYY and follow him
Who dares to recommend? Problem is no one ask you to recommend also. Without you there are many people won't suffer losses as now. Just get lost and go back to your subscribers group. So active in i3 and non stop monkey show.
You are the most uneducated monkey here. Those polish his shoes are respectful and good people. Those reveal the truth and try to alert others are shameless liar. Hahaha. See the way he replied is no different from a barbarian monkey. Keep saying won't read la, ignore la, run far far la but keep coming back cursing. Own word also cannot commit, trust his words? Pui!
I still support OTB. What OTB writes and how you use the info to invest and trade is our decision. I still win if it drop lower to zero. Blame nobody but ourselves to win.
on 17th Jan 2022 i wrote Is AYS a good investment stock at 65 sen. I concluded and sum up my closing opinion with these remarks.
"Investment is about the future and share price is value at future earning growth and PE multiple. The next one to 2 years FY22 /23 the annualized future earning for AYS would be 6m x 4 = 24m. Just a guess basing on past years quarterly performance. With 418m share capital the future earning per share is 24m divided by 418m is 5.7sen. At current price of 65sen it is trading at a prospective PE of 11.4x . For a small cap company with erratic profit performance in a cyclical business, Buffett would say a fair company but selling at a wonderful price and has no intention to invest.
1. Last week it closed at 57sen and the market has assigned a diminishing prospective PE of 10x. A prospective PE of 8x which is not unreasonably expected arising from the bearish market sentiment , a small cap stock with no institutions and quality shareholders would price the counter at 45.5sen. PE of 7x is 40sen
2.Perhaps one should know in the most recent 3rd quarter, despite AYS announcing a profit of 20.82m and a 9 months cumulative profit of 91.18 m it is a worrying concern that it has generated a negative cash flow of Rm72.9 m from operation. Where has the money gone?
3.The company has financed its operation through borrowing. Its total liabilities of Bank borrowings had increased to(15.4 m + 328.9) =344.3m whereas its current market capital (418m x 48.5 sen) is only 203m.
The cash flow statement has a fresh borrowing of 50m of cash generated from financing activities of bank borrowing in the 3rd quarter.
4.The company experienced a remarkable increase in inventories during the quarter. The inventories closing balance has shot up from 278m to 560m. That is a spectacular rise of 282m. The company is enduring an enormous challenge to push its stock with minimal success. Hence, money and resources and capital are inefficiently lock up in the huge inventories.
5. In elementary accounting, opening stock add purchase less closing stock equal cost of good sold. So, if the closing stock is high as in AYS, the cost of good sold is low therefore the Gross profit is very high. In AYS, the stock inventory has increased by 282 m as extracted from balance sheet. Hence, this also means the profit is hidden in the bulk of stock that has sadly not been sold. 2 AYS is a company trading in steel and steel related products. This means steel is an input material to their products. So when price of steel goes up their material cost increase and will erode their margin and profit. We have seen the enormous rise in inventories and deteriorating profit performance for 3 consecutive quarters.
In conclusion when everyone cheer about the raising steel price, it is in fact in my opinion a burden to the company.
This is my personal and fundamental perception of the counter. All the numbers are extracted from the balance sheet. My view may or may not be correct.
Everyday want people to polish your shoes, better go back drink milk la kid. Always repeating same thing. Write report. Not everyone like you, promote non stop. So old still duno behave. Appreciate your last journey. No one will miss you in the end.
Dear trader808, To me, you are not a naysayer. You can write what you feel is right. You are very gentleman, you never attack any writer in I3. I also read your postings. Thank you.
I post only good fundamental stock in I3. Both TA and FA are very good. I like AYS because of strong EPS, it is trading at a PER < 2. The dividend yield is about 10%. The stock cannot perform, nothing much I can do.
FBMKLCI dropped from 1,618 to 1,546 within 3 days. All stocks also dropped, blame me on this stock is not a fair play. MPI dropped from 51.28 to 27.10 within 2 months.
I am very sure everyone loses money in this downturn. No point to attack me here. Thank you.
Don't have to curse anyone. There is no point. It's just the war effect and ppls lost confidences. Anyway, good luck to all investors, hoping the war will be over soon. Orelse oil prices will increase and affects everyone, even our currency.
Third time looking out after the room is drying. This is another interesting room with bashing and non-nonsense argument. That's the spirit in public forum. It's been 4 months since in Hiaptek and steel related performance and comments. Let's see what we have here.
OTB they attack you because you correct. Nobody attack me because i am nobody. Success attract envy from the common. You must be good that people are interested in your comments.
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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....
HuatRex
2,617 posts
Posted by HuatRex > 2022-03-07 17:23 | Report Abuse
Go ahead and curse. Losing money like no brainer now. Karma will hit you back but not those you accused as naysayers. Enjoy your curse. Hahaha bye