Posted by 3iii > 2019-09-13 07:19 | Report Abuse

Intrinsic value is whatever you want it to be.

That’s the grand joke of value investing.

Posted by 3iii > 2019-09-13 08:20 | Report Abuse

By developing your discipline and courage, you can refuse to let other people’s mood swings govern your financial destiny. In the end, how your investments behave is much less important than how you behave.

Posted by 3iii > 2019-09-13 08:22 |

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Posted by stockraider > 2019-09-13 08:23 |

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Posted by 3iii > 2019-09-13 08:23 | Report Abuse

People who invest make money for themselves; people who speculate make money for their brokers. And that, in turn, is why Wall Street perennially downplays the durable virtues of investing and hypes the gaudy appeal of speculation.

Posted by 3iii > 2019-09-13 08:25 | Report Abuse

We urge the beginner in security buying not to waste his efforts and his money in trying to beat the market. Let him study security values and initially test out his judgment on price versus value with the smallest possible sums.

Posted by 3iii > 2019-09-13 08:27 |

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Posted by 3iii > 2019-09-13 08:28 | Report Abuse

The speculator’s primary interest lies in anticipating and profiting from market fluctuations. The investor’s primary interest lies in acquiring and holding suitable securities at suitable prices.

Posted by 3iii > 2019-09-13 08:28 | Report Abuse

Never buy a stock because it has gone up or sell one because it has gone down.

Posted by stockraider > 2019-09-13 08:28 | Report Abuse

Buying Overvalue stock like Nestle, Dlady and Petdag are dumb speculation loh.....!!

Posted by 3iii > Sep 13, 2019 8:23 AM | Report Abuse

People who invest make money for themselves; people who speculate make money for their brokers. And that, in turn, is why Wall Street perennially downplays the durable virtues of investing and hypes the gaudy appeal of speculation.



CORRECTTLOH...BELOW IS WHAT RAIDER IS DOING FOR MARGIN OF SAFETY MAH..!! A GOOD EXAMPLE OF MARGIN OF SAFETY STOCK IS INSAS MAH...!!
We urge the beginner in security buying not to waste his efforts and his money in trying to beat the market. Let him study security values and initially test out his judgment on price versus value with the smallest possible sums.

Posted by 3iii > 2019-09-13 08:30 | Report Abuse

Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks are going up, he happily pays more than their objective value; and, when they are going down, he is desperate to dump them for less than their true worth.

(A good example: the despatch boy's buy and sell in Hengyuan.)

Posted by 3iii > 2019-09-13 08:31 |

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Posted by 3iii > 2019-09-13 08:31 |

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Posted by 3iii > 2019-09-13 08:32 | Report Abuse

The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.

Posted by 3iii > 2019-09-13 08:34 |

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Posted by 3iii > 2019-09-13 08:34 | Report Abuse

To see how much a company is truly earning on the capital it deploys in its businesses, look beyond EPS to Return on Invested Capital (ROIC).

Posted by 3iii > 2019-09-13 08:36 |

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Posted by 3iii > 2019-09-13 08:37 | Report Abuse

At heart, “uncertainty” and “investing” are synonyms.

Without a saving faith in the future, no one would ever invest at all. To be an investor, you must be a believer in a better tomorrow.

Posted by stockraider > 2019-09-13 08:56 |

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Posted by 3iii > 2019-09-13 10:20 | Report Abuse

>>>>


stockraider only sohai will pay for stock like nestle PE 50x loh...!!

Posted by 3iii > Sep 13, 2019 8:30 AM | Report Abuse

Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks are going up, he happily pays more than their objective value; and, when they are going down, he is desperate to dump them for less than their true worth.

(A good example: the despatch boy's buy and sell in Hengyuan.)
13/09/2019 8:56 AM

>>>>

Posted by stockraider > 2019-09-13 10:25 |

Post removed.Why?

Posted by 3iii > 2019-09-13 10:28 | Report Abuse

>>>>

Posted by stockraider > Sep 13, 2019 10:25 AM | Report Abuse

In this case Mr Market price wrongly Nestle, Dlady and Petdag, but yesterday woke up abit loh...!!

All the top 3 losers yesterday belong to sohai 3iii loh...!!

1. Dlady
2. Petdag
3. Nestle

All these are overvalue stocks mah....!!


Posted by 3iii > Sep 13, 2019 8:30 AM | Report Abuse

Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks are going up, he happily pays more than their objective value; and, when they are going down, he is desperate to dump them for less than their true worth.

>>>>



The truth is raider has been so wrong on Nestle, DLady and Petdag the last decade.

raider is just dishonest.

We shall not discuss this further.


I am putting these 3 companies on hold forever for the next 20 years. Will monitor the fundamentals of their businesses though.

Posted by Sslee > 2019-09-13 10:31 | Report Abuse

Hahahaha,
Stockraider was right when hengyuan was reporting increasing profit. But now I suspect the China controlling shareholder is manipulating the book (buying of crude oil) and CAPEX cost. CFO just resign.

Posted by stockraider > 2019-09-13 10:33 |

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Posted by 3iii > 2019-09-13 10:37 |

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Posted by stockraider > 2019-09-13 10:39 |

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Posted by 3iii > 2019-09-13 10:41 | Report Abuse

I witness Philip's superior investing philosophy and method.

I acknowledge LC Chong's careful investing based on sound philosophy and method.

I must admit otb has done well, but at the expense of others too.

I see little to absorb from the investing philosophy of others.

Posted by 3iii > 2019-09-13 10:42 | Report Abuse

Others include .....

:-)

Posted by 3iii > 2019-09-13 10:45 | Report Abuse

>>>
stockraider ha...ha...ha..! Sohai 3iii panicking loh...!!
13/09/2019 10:39 AM
>>>


Good statement.

I reflected on this and realise there were very few occasions when I "panicked" in my investing. In fact, almost never panic. Very good reason. If the stocks are falling, I love them and buy more.

However, I enjoyed analysing the Mr. Market's manic-depressive activities in various stocks.

Posted by Sslee > 2019-09-13 11:17 | Report Abuse

Hahahaha
3iii, I at least planted my feet on the ground and admit I do not know much about investing, prepare to learn and attend AGM to find out what I do not know for my-self straight from the horse’s mouth.

But for you 3iii, you seem to be aloft and out of touch with the ground in your ivory tower (My Golden Rule of Investing) keep preaching your Warren Buffet’s holding quality companies shares for long term play no matter whether it is now fully or over value.

Please tell me is Warren Buffett right in buying what he understands Heinz (bread and butter business) rather than something he do not know/refuse to learn: business dealing with internet of things/IR4.

Thank you

Posted by 3iii > 2019-09-13 11:54 |

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Posted by 3iii > 2019-09-13 12:30 |

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Posted by Sslee > 2019-09-13 12:30 | Report Abuse

Dear 3iii,
My Golden Rule of Investing: “Companies that grow revenues and earnings will see share prices grow over time.”

May I ask, in order for company shares to deserve a PE of more than 50X what should be the yearly growth rate of revenues and earnings?

Do QL deserved PE of more than 50X with it past, current and projected growth rate? and with CAPEX more that the net profit?
Long term borrowings (LT Debts/Total Equity): 30%

Thank you

Posted by 3iii > 2019-09-13 12:49 | Report Abuse

How many stocks have been promoted by calvin this year 2019 to date? 36 stocks in 2019 (excluding Carimin which was promoted in 26.1.2018)

Here is a summary of the results of his stock selections?
10 gainers
2 no change
25 losers

How good is his stock selections? 27% are gainers against 67% are losers. For every 3 stocks chosen by calvin, 1 is a winner and 2 are losers.

For calvin who has a portfolio of all or many these stocks, what do you think is his overall return of his portfolio? Do you think his portfolio value can grow at 100% a year(?), 50% a year(?), 10% a year(?), 0% a year(?) or even negative?


It is often interesting to analyse things with some objectivity, however little evidence maybe available.




How impressive is calvintan's stock selections?

Thanks to Philip for collating calvintan's stock selection which can be reviewed here:
https://klse.i3investor.com/servlets/pfs/123029.jsp
Philip's Watchlist: Calvin Tan followed portfolio per his recommendations 2019


Sorted out by Reference Date from Earliest to Most Recent



No *** Stock Name *** Ref Date *** Ref Price *** Last *** G/L
1 *** CARIMIN *** 26-Jan-18 *** 0.4 *** 0.955 *** 138.75%
2 *** MPHBCAP *** 8-Jan-19 *** 1.05 *** 1.1 *** 4.76%
3 *** TA *** 8-Jan-19 *** 0.63 *** 0.645 *** 2.38%
4 *** GUH *** 8-Jan-19 *** 0.495 *** 0.495 *** 0.00%
5 *** EKSONS *** 8-Jan-19 *** 0.78 *** 0.77 *** -1.28%
6 *** DUTALND *** 8-Jan-19 *** 0.48 *** 0.425 *** -11.46%
7 *** VSTECS *** 9-Jan-19 *** 0.95 *** 1.02 *** 7.37%
8 *** CSCSTEL *** 9-Jan-19 *** 1.06 *** 1.01 *** -4.72%
9 *** BJCORP *** 9-Jan-19 *** 0.315 *** 0.255 *** -19.05%
10 *** MUIPROP *** 9-Jan-19 *** 0.25 *** 0.165 *** -34.00%
11 *** SASBADI *** 27-Jan-19 *** 0.215 *** 0.17 *** -20.93%
12 *** ANNJOO *** 2-Feb-19 *** 1.35 *** 1.22 *** -9.63%
13 *** NAIM *** 8-Feb-19 *** 0.54 *** 0.975 *** 80.56%
14 *** AZRB *** 15-Feb-19 *** 0.395 *** 0.375 *** -5.06%
15 *** DIALOG *** 21-Feb-19 *** 3.25 *** 3.49 *** 7.38%
16 *** PANTECH *** 21-Feb-19 *** 0.545 *** 0.495 *** -9.17%
17 *** PENERGY *** 1-Mar-19 *** 0.775 *** 0.945 *** 21.94%
18 *** LAFMSIA *** 8-Mar-19 *** 2.34 *** 3.35 *** 43.16%
19 *** PRESTAR *** 8-Mar-19 *** 0.605 *** 0.415 *** -31.40%
20 *** MASTEEL *** 9-Mar-19 *** 0.52 *** 0.41 *** -21.15%
21 *** VELESTO *** 14-Mar-19 *** 0.31 *** 0.31 *** 0.00%
22 *** DESTINI *** 18-Mar-19 *** 0.33 *** 0.215 *** -34.85%
23 *** TALAMT *** 22-Mar-19 *** 0.04 *** 0.035 *** -12.50%
24 *** T7GLOBAL *** 26-Mar-19 *** 0.505 *** 0.455 *** -9.90%
25 *** TDM *** 3-Apr-19 *** 0.18 *** 0.175 *** -2.78%
26 *** MJPERAK *** 4-Apr-19 *** 0.27 *** 0.19 *** -29.63%
27 *** JTIASA *** 5-Apr-19 *** 0.55 *** 0.45 *** -18.18%
28 *** MHB *** 10-Apr-19 *** 0.8 *** 0.82 *** 2.50%
29 *** L&G *** 17-Apr-19 *** 0.155 *** 0.15 *** -3.23%
30 *** MKH *** 17-Apr-19 *** 1.37 *** 1.22 *** -10.95%
31 *** ASIAPAC *** 17-Apr-19 *** 0.145 *** 0.125 *** -13.79%
32 *** OLYMPIA *** 17-Apr-19 *** 0.125 *** 0.105 *** -16.00%
33 *** KPS *** 25-Apr-19 *** 1.55 *** 0.75 *** -51.61%
34 *** UZMA *** 10-May-19 *** 0.805 *** 0.775 *** -3.73%
35 *** ASB *** 23-May-19 *** 0.145 *** 0.125 *** -13.79%
36 *** POHUAT *** 24-May-19 *** 1.5 *** 1.44 *** -4.00%
37 *** MBSB *** 29-Aug-19 *** 0.825 *** 0.845 *** 2.42%

Posted by Icon8888 > 2019-09-13 15:48 | Report Abuse

30 Sen

Posted by 3iii > 2019-09-13 17:11 |

Post removed.Why?

Posted by stockraider > 2019-09-13 17:27 | Report Abuse

PLEASE ADMIT U R WRONG LOH...!!

Posted by 3iii > Sep 13, 2019 5:11 PM | Report Abuse

>>>

Icon8888 30 Sen
13/09/2019 3:48 PM

>>>>


Yes. Thanks for sharing your condom size is expanding. We share your happiness.

Posted by 3iii > 2019-09-13 17:29 | Report Abuse

>>>

Posted by stockraider > Sep 13, 2019 5:27 PM | Report Abuse

PLEASE ADMIT U R WRONG LOH...!!

>>>>




Raider

Were you wrong on Nestle, DLady and Petdag the last decade? Please admit.



:-)

Posted by Icon8888 > 2019-09-13 17:33 | Report Abuse

Buffett wannabe paying for his arrogance now

Posted by stockraider > 2019-09-13 17:34 | Report Abuse

WE TALKING ABOUT RECENT ARMADA ...YOUR BAD NEGATIVE CALL MAH...!!

U SHOULD ACKNOWLEDGE YOUR MISTAKE TO ICON & NOT RAIDER LOH...!!

Posted by 3iii > Sep 13, 2019 5:29 PM | Report Abuse

>>>

Posted by stockraider > Sep 13, 2019 5:27 PM | Report Abuse

PLEASE ADMIT U R WRONG LOH...!!>>>>

Posted by 3iii > 2019-09-13 17:34 |

Post removed.Why?

Posted by stockraider > 2019-09-13 17:37 | Report Abuse

3iii should be ashame loh....!!

Posted by 3iii > Sep 13, 2019 5:34 PM | Report Abuse

Condom king enjoys poking. :-)

Posted by 3iii > 2019-09-13 18:11 | Report Abuse

Wonderful to know raider, the despatch boy, can feel shame. This is good news, a massive improvement from some of obscenities he posted in the past. For this you will need to go back to his old posts in Hengyuan.

Posted by i3lurker > 2019-09-13 18:21 | Report Abuse

despatch boy no need buy share
my despatch boy charges RM15.00 to RM18.00 per transaction to govt depts.
got more than 100 transactions a day.
Despatch boy makes more than RM1,500.00 per day
one month he makes around RM40,000.00
goes around sending letters to govt departments wearing genuine rolex.
tells other people his rolex is fake, just in case robbed.

raider is failed despatch boy. obviously

Posted by Icon8888 > 2019-09-13 18:50 | Report Abuse

With PE of 50 times, 3iii portfolio faces years of stagnation

Posted by 3iii > 2019-09-13 19:58 |

Post removed.Why?

Posted by Sslee > 2019-09-13 20:43 | Report Abuse

Dear 3iii,
https://klse.i3investor.com/servlets/stk/fin/4707.jsp?type=last10fy
Nestle Result: Past 5 year
(RM’000): 31/12/18: 31/12/17: 31/12/16: 31/12/15: 31/12/14
Revenue: 5,519,045: 5,260,490: 5,063,506: 4,837,957: 4,808,933
NP to SH: 658,882: 645,795: 637,127: 590,733: 550,384
PRICE (RM): 147.40: 103.20: 78.20: 73.40: 68.50
P/EPS: 52.46: 37.47: 28.78: 29.14: 29.19

Mind telling me what is the revenue and NP growth rate? Compare to Market price growth rate?
Any reason why only recent years the share price increased to PE of 50+? Any to do with human behavior of Kiasu?

Thank you

Posted by Icon8888 > 2019-09-14 06:40 | Report Abuse

What is so great about a stock that only sells in Malaysia trading at 50 times PER ?

Coca Cola sells all over the world yet PE 33 times only

Nestle Malaysia will come down, it is a matter of time

When ?

When one day raw material price hike (never say never, we have global warming), profit decline will cause Nestle to collapse like house of cards

Just look at BAT

Posted by 3iii > 2019-09-14 12:41 |

Post removed.Why?

Posted by stockraider > 2019-09-14 15:02 | Report Abuse

Blog Headlines (by Date) Blog Index
5 Mistakes that Most New Investors Make in Stock Investing - Ian Tai
Author: Tan KW | Publish date: Sat, 14 Sep 2019, 1:42 PM

So, you want to make money from investing in the stock market?

That is awesome. Personally, I believe the stock market offers a safe channel for us to invest in shares of great businesses to build sustainable long-term wealth

But, with that being said, there are many pitfalls which might ensnare investors and thus, hindering them from building real wealth from the stock market. This often occur to new investors who have no idea about what stocks are, what the stock market is, and how money could be made safely from savvy investing.

In this article, I’ll reveal and discuss briefly what the pitfalls are so that you may avoid them. More importantly, through this write-up, you’ll learn more about a value investor in terms of his thinking and how he invests in the stock market.

Pitfall #1: Having No System
Many people want to make money from the stock market.
The quicker, the better.
They have dreams and fantasies of how they would buy a certain stock at $1.00 and would sell them at $1.50, $2.00, … etc in a short period of time.
Some even dream about owning multi-baggers.

But, don’t get me wrong. I am for dreams and visions. Nothing happens if none of us dream. So, please dare to dream big.

With that being said, many people want to make money. But, many ignored the importance of having a system to make money sustainably in the stock market. They do not have a system in place to sift out good stocks from bad ones which caused many to experience inconsistent investment results.
How can one attain consistent results when he has both good and bad stocks?