Posted by DaveSingh > 2012-11-09 16:35 | Report Abuse

KFIMA SUPER SHARE..buy buy buy dont need to think or talk too much... look at gas malaysia@gark.... hope my advice helped you..

Posted by davidraja > 2012-11-09 16:35 | Report Abuse

we need more parties like Laxey to bring back excitement to the market...it is damn bored now...

Posted by DaveSingh > 2012-11-09 16:38 | Report Abuse

KFIMA has excellent value and its down turn is parabolic...there share will rebound... but i say it will come down more.. i will buy more then...

Posted by DaveSingh > 2012-11-09 16:39 | Report Abuse

BUY BUY BUY KFIMA.... keep in portfolio.... but only buy when cheaper.... cos this share is not well known.. will never fail... its been around for 40 years... i like king sardin..yummy

Posted by davidraja > 2012-11-09 16:43 | Report Abuse

King Sardine is doing very well now in fact. Again, this has not reflected in the share price.

Posted by DaveSingh > 2012-11-09 16:46 | Report Abuse

i like king sardin cheaper than ayam brand and i mean much much cheaper.. with recessions and cos of living increasing .. i forever more sales... after electricity and water and petrol and GST go up next year...
we will all have to eat sardins......

Posted by gark > 2012-11-09 16:48 | Report Abuse

Kfima only owns 20% of Marushin Cannery which owns King Cup Sardin... it is only associate company so the revenue not included in P/L.

IFC on the other hand is 100% own by Kfima. Besta Sardines anyone? :P

Posted by DaveSingh > 2012-11-09 16:51 | Report Abuse

gark@agree....anyway... its all in the mind... remember people hate KFIMA cos of palm oil but that not its main source of income... hopefully KFIMA can buy a company like that ....they have the cash.. see what they do.. i am sure they are smart

Posted by gark > 2012-11-09 16:56 | Report Abuse

Palm oil only contribute 20-30% of it's earnings. The biggest is the bulking installation, like toll collector for any shipping of liquid oil & chemicals in Port Klang & Penang. Another one is the security printers who is printing all your IC/Passport/checks. All these are recession proof business...

Posted by gark > 2012-11-09 16:57 | Report Abuse

Not to mention Kfima holds 20% of G&D which is printing Malaysia's new notes....

Posted by DaveSingh > 2012-11-09 16:58 | Report Abuse

you are like a dictionary gark... ok tell me what would u buy for a 5 year holding period with good yield... in say 6 months when market down..

Posted by gark > 2012-11-09 17:00 | Report Abuse

I research each stock thoroughly and it's business before I buy, so I tend to know all the in's and out of each stock in detail.

What to buy depends on whats price is the share.... at the time.

Posted by davidraja > 2012-11-09 18:00 | Report Abuse

Kfima has everything in place. Just waiting for major shareholder's announncement...

Posted by stock5678 > 2012-11-09 19:22 | Report Abuse

what announcement? The price not move per it's value, maybe something is not right

Posted by gark > 2012-11-09 19:23 | Report Abuse

"Value stocks are about as exciting as watching grass grow. But have you ever noticed just how much your grass grows in a week?"
- Christopher Browne

Posted by stock5678 > 2012-11-09 19:57 | Report Abuse

gark, sorry, i catch no ball

Posted by Fat Cat Tim Buddy > 2012-11-18 18:57 | Report Abuse

it is very easy to jack up the price, all it need is marketing and advertisement , ask coldeye panda eye golden eye etc etc to write up articles to promote this stock and state this stock at least worth xxx figure , it will instantly get up

:D 1.利用市场的愚蠢，进行有规律的投资。

http://klse.i3investor.com/blogs/Warren_Buffett/20644.jsp

Posted by kcchongnz > 2012-11-19 09:18 | Report Abuse

As a shareholder, I want the management of the company to concentrate on doing business, rather than frying its shares. If business do well, share price will follow suit. I am not speculating the shares, but an investor for growth and profitability of the company.

Posted by DaveSingh > 2012-11-19 09:21 | Report Abuse

u are right@kcchongnz i like this share will buy as it comes down....

Posted by benjamin > 2012-11-19 14:14 | Report Abuse

I quite agree with kcchongnz. The fundamentals has always been decent even back when it share price was around 80sen and I was wondering what the catch
was then.It has grown since and got rid of some loss making sub.With a cash pile like that , the result of not paying obscene amount in dividends , it is waiting for an opportunity to utilize the cash. Good conservative management.

Posted by kcchongnz > 2012-11-19 14:56 | Report Abuse

benjamin, Dave, this forum thread at least have a little bit of investing element now. I have been thinking of asking the administration to change the name of this blog to i3speculator rather than i3investor.

Posted by Fat Cat Tim Buddy > 2012-11-19 15:28 | Report Abuse

i have look at a lot of companies manage by malay , a lot of them tend to have high debt, but kfima balance sheet is so strong, i guess it have to do with something in the past that almost make them bankrupt right?

something about prepare for the rainy day..

Posted by kcchongnz > 2012-11-19 16:50 | Report Abuse

fei mau, yeah kfima almost bankrupt during the Asian financial crisis in late 1990s because of their brokerage business. Bad debt I guess. they have disposed off that since then. The reason why the balance sheet is so strong is because of its cash generating businesses. They have positive free cash flows every year except 2003. I mean still have cash after paying all expenses, interest and also capital expenses for growth. The last three years they have FCF of >100m each year. All these FCF are reflected in their balance sheet. I would say excellent management. Do look at it as a Malay company. This is a good Malay management.

Posted by DaveSingh > 2012-11-20 15:38 | Report Abuse

how is my KFIMA.. nice to see... come to me i want to buy more.. buy buy buy KFIMA... because.. read up from before..

Posted by KC Loh > 2012-11-20 16:06 | Report Abuse

Hey singh, just out of curiousity, what is your entry price for KFima when the market goes down? can answer ar?

Posted by DaveSingh > 2012-11-20 16:10 | Report Abuse

i got it at rm1.92 down...i will buy it all the way down.. this one is a keeper...buy more down... like i said.. it will go down.. but i will buy it down...this is a keeper..

Posted by KC Loh > 2012-11-20 16:12 | Report Abuse

any estimate how much further it will go down? i might join you! :)

Posted by gark > 2012-11-20 16:14 | Report Abuse

1.85 is my next buying target... :)

Posted by DaveSingh > 2012-11-20 16:16 | Report Abuse

yeah@gark.. i hope for special dividend from their tax credits... i hope..

Posted by KC Loh > 2012-11-20 16:16 | Report Abuse

that's the lowest in your estimate gark? if digi draw back to RM3, surely Kfima *and* all the rest of the market will follow suit, no? That will be market crash zone price if taking Digi as comparison. Can comment?

Posted by ongtkong > 2012-11-20 16:16 | Report Abuse

@Dave, friendly advise.....don't try to get rich playing contra on Kfima......you will get more emotional if you are caught again...

Posted by DaveSingh > 2012-11-20 16:16 | Report Abuse

no no @KCloh you buy telcos and breweries OK.. please la...

Posted by gark > 2012-11-20 16:16 | Report Abuse

The olf Fimacor is badly run GLC company... now the company is controlled by the Bashir family, which is well connected. Also the Bashir family only holds non-executive director positions only. The CEO is not family/politically connected and is chosen by the Bashir family due to his management strength.

The majority shareholder trust this CEO to make money for them, why not us? So far his performance for the past 8 years is excellent. :P

Posted by davidraja > 2012-11-20 16:17 | Report Abuse

No need to guess Dave. Confirm they will pay.

Posted by kcchongnz > 2012-11-20 16:17 | Report Abuse

•“In 30 years in this business, I do not know anybody who has done it successfully and consistently, nor anybody who knows anybody who has done it successfully and consistently. Indeed, my impression is that trying to do the market timing is likely, not only not to add value to your investment programme, but to be counterproductive.”
John Bogle on market timing

Posted by KC Loh > 2012-11-20 16:18 | Report Abuse

singh, if digi hits RM3, what is lowest possible price for Kfima?

i dont buy breweries, please read up. Only good telco :)

Posted by davidraja > 2012-11-20 16:21 | Report Abuse

this market is very irrational, how many one think here Faber is better than Kfima ? look at Faber performance today just because from loss to profits the stock fried...

Posted by gark > 2012-11-20 16:23 | Report Abuse

Kfima is holding net cash of RM 0.75/share and it NAV is currently 2.14. Well even if Digi falls to RM 3 (NAV 30 sen only), how low do you think Kfima can go?

Currently fair price to buy is 1.85, the lowest probably 1.55 but it might not get there. At this rate by end of FY their cash in hand will be easily RM 1 /share.

Posted by gark > 2012-11-20 16:25 | Report Abuse

Davidraja, I have both Faber and Kfima.. just love those cash rich companies eh?

KC Loh,

Digi is selling at PE 30X, DY 4.5%, Expected growth FY13 3-4%
Kfima selling at PE 6X, DY 6%, EXpected growth FY13 12-15%

Now rationally, which one you will choose?

Posted by KC Loh > 2012-11-20 16:26 | Report Abuse

Thanks gark, at least i see a price valuation from your calculation. at least there is a logical reasoning in your method. That's good!

i may join Kfima, but taking a page from davesingh, i may wait a while for the impending crash. He still may be right! :)

Posted by stock5678 > 2012-11-20 16:26 | Report Abuse

i love Allianz :)

Posted by KC Loh > 2012-11-20 16:27 | Report Abuse

I have position mostly in fundamentally weak stocks like Scomi & Scomien. Most of my bets are there. I like cash rich companies too, but risk appetite is a big bigger in last-puff buffettology companies! :)

Posted by KC Loh > 2012-11-20 16:28 | Report Abuse

to be honest, I love PBBank.

Posted by DaveSingh > 2012-11-20 16:29 | Report Abuse

i love public bank too.. but not at rm16..i sold mine already.. had it for ages.. but too high now... will back later..

Posted by KC Loh > 2012-11-20 16:30 | Report Abuse

yeah singh, i sold my PBB too early too! about RM14.... now waiting for 50-60% retracement! :)

Posted by gark > 2012-11-20 16:34 | Report Abuse

Cash rich companies is much safer during this turbulent time.

1. Price of stock will not go below net cash holding (otherwise company is free, better buy a truckload!)

2. Cash rich companies will not subject to pressure from bank to repay loan if there is a financial crisis and if interest rate goes up also no problem.

3. They can have good opportunity to acquire good companies with weak financials during a crisis.

Basically in a crisis they will shine. :)

3.

Posted by gark > 2012-11-20 16:35 | Report Abuse

Oh forgot one, they can continue to pay dividends during crisis, or low profit hence the stock price stays firm due to high yield. :)

Posted by KC Loh > 2012-11-20 16:47 | Report Abuse

gark, i will consider your post at 4.35pm as valid point 4.

so, just to comment for comment sake, here is my own input according to the order:

1) not necessary true, but generally that is acceptable in the cash holding part.
2) Yes, agreed
3) depending on management, qualitative aspect here. Some management can be too darn conservative til the end. witness Mulpha in its heydays. not only conservative but stoic! :(
4) defensive stock has this nature. its the time of play which particular stock gives higher returns (and not necessarily yield only) that captures the imagination also. Some go for bigger cash returns, some go for higher yield (to ascertain safety). For eg, even if Maybank has a 3% yield for eg, and Kfima has a 4% yield, i can bet some still going to maybank because cash return is bigger!

anyway, thanks gark. I still consider you one of the better writers here :)

Posted by DaveSingh > 2012-11-20 16:49 | Report Abuse

look KCloh...dont look at all the stocks the same.. compare apples with apples and oranges with oranges.. maybank is not kfima and vice versa..

Posted by Fat Cat Tim Buddy > 2012-11-20 16:51 | Report Abuse

dave, what about mwe compare with kfima?

since both also diversify business, you still prefer kfima?