Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-13 17:32 | Report Abuse

In general, I avoid the property sector.

Posted by stockraider > 2023-07-14 10:50 | Report Abuse

Do not avoid property sector bcos it is coming back loh!

But avoid over leverage property sector stock...& be very selective mah!

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-14 16:20 | Report Abuse

Of the 99 property stocks, the majority (70%) delivered negative returns to the shareholders over a 10 year period.

Unless analysing this property business is within your circle of competence, it is better to avoid this sector altogether.

Moreover, there are so many ways for creative accounting in property development and construction industries.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-14 16:23 | Report Abuse

Name …. Price 2010 …. Price 2023 …. Price Chg% …. DY%
IBHD [s] …. 0.2 …. 0.245 …. 22.50% …. 0

For those who have invested in iBHD, the returns on your investment are less than your risk free interest rate for the same period. This is despite the company having completed so many upscale buildings in their prime land in the Klang Valley.

Where are the profits for the shareholders?

Posted by Sslee > 2023-07-14 16:29 | Report Abuse

3iii is right on property stock.
My bad experience with KSL. Company profitable but refuse to pay dividend to shareholders meanwhile the three brothers ED paying themselve fat cat salarly and benefit.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-14 17:04 | Report Abuse

REITS

Name …. Price (2010) …. Price (2023) …. Gains/Loss % …. DY …. MCap.(M)
KLCC [s] …. 3.31 …. 6.83 …. 106.3% …. 5.56 …. 12330.42
AXREIT [s] …. 0.97 …. 1.82 …. 87.6% …. 5.36 …. 3168.72
ATRIUM …. 0.9 …. 1.4 …. 55.6% …. 5.86 …. 371.77
ALAQAR [s] …. 1 …. 1.24 …. 24.0% …. 6.53 …. 1041.1
IGBREIT ….(2012) 1.39 …. 1.67 …. 20.1% …. 5.9 …. 6002.4
SUNREIT …. 1.3 …. 1.55 …. 19.2% …. 5.95 …. 5308.45
YTLREIT …. 0.86 …. 0.975 …. 13.4% …. 4.05 …. 1661.78
AMEREIT [s] ….(2022) 1.15 …. 1.24 …. 7.8% …. 3.06 …. 647.37
PAVREIT ….(2011) 1.24 …. 1.24 …. 0.0% …. 6.75 …. 4524.66
KIPREIT ….(2017) 1 …. 0.9 …. -10.0% …. 7.56 …. 545.72
UOAREIT …. 1.26 …. 1.13 …. -10.3% …. 7.63 …. 763.43
SENTRAL …. 1.04 …. 0.83 …. -20.2% …. 8.22 …. 889.58
HEKTAR …. 1.1 …. 0.65 …. -40.9% …. 12.31 …. 324.21
ARREIT …. 0.85 …. 0.455 …. -46.5% …. 7.47 …. 260.81
CLMT …. 0.98 …. 0.5 …. -49.0% …. 8.02 …. 1349.05
ALSREIT [s] ….(2015) 1 …. 0.48 …. -52.0% …. 5.21 …. 278.4
TWRREIT …. 1.14 …. 0.435 …. -61.8% …. 4.25 …. 122.02
AMFIRST …. 0.95 …. 0.34 …. -64.2% …. 7.94 …. 233.38
IGBCR ….(2012) 1.67 …. 0.5 …. -70.1% …. 6.84 …. 1174.72

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-14 17:05 | Report Abuse

Of the 19 REITS, the one that stands out from the rest is KLCC. No brainer.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-14 17:23 | Report Abuse

What are the Risks of Investing in Real Estate Investment Trusts?

Of course, nothing in this life is guaranteed, and that includes real estate investment trusts.

REITs are more than just a pile of properties, they are active businesses, and subject to business risks. It's a testimony to the industry, however, that over the years only a handful have gotten into deep financial trouble.

According to Ralph L. Block in Investing in REITs, those real estate trusts that have gotten into trouble have done so primarily due to
- excessive debt leverage,
- poor allocation of capital resources, and
- questionable transactions with directors or major stockholders.

That's for individual REITs. As an industry, their businesses are subject to two particular risks no matter how well managed they are (though good management can succeed despite these dangers).

1. Overbuilding or excess capacity, or overdevelopment.
2. High interest rates

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-14 17:25 | Report Abuse

REITs - Selecting REITs
Choosing a good REIT is like choosing any other value investment.

Assets = Real Estate
Debt = Debt
Returns = Rents + other payments received on the portfolio.

An investor must analyze and compare a REIT's:

management quality,
real and anticipated returns,
yields, growth,
reserves, and
asset values.

Many of the techniques for common stock can be put to work here.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-14 17:49 | Report Abuse

KLCC has superior property assets, including the Petronas Twin Towers which are well tenanted. KLCC's balance sheet remained strong. The net gearing stayed low at 0.10x as at 31.03.23.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-14 19:56 | Report Abuse

Pharmaceuticals (7 stocks)

Name …. Price (2010) …. Price (2023) …. Gains/Loss % …. DY % …. PE …. MCap.(M)
AHEALTH [s] …. 0.21 …. 2.46 …. 1071% …. 3.46 …. 16.13 …. 1766.35
KOTRA [s] …. 0.66 …. 5.1 …. 673% …. 5 …. 11.04 …. 755.13
DPHARMA [s] …. 0.57 …. 1.28 …. 125% …. 1.8 …. 16.99 …. 1231.29
YSPSAH [s] …. 1.09 …. 2.36 …. 117% …. 4.24 …. 8.63 …. 334.39
NPS [s] ….(2018) 0.225 …. 0.23 …. 2% …. 1.09 …. 20.78 …. 34.27
NOVA [s] ….(2018) 0.76 …. 0.7 …. -8% …. 4.64 …. 15.47 …. 223.1
PHARMA [s] ….(2012) 0.59 …. 0.38 …. -36% …. 5 …. -0.79 …. 497.88

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-14 20:06 | Report Abuse

Pharmaceuticals

Whether it's a ride on a pharmaceutical that gets good news or a stock that Mr. Market has left for dead, 10-baggers can be found, especially in this economy, without having to ride them up for decades.

Pharmaceuticals are certainly an area where you might have a chance for a 10+ bagger in quick order. If one trades these, however, they should understand that the losers will outnumber the winners.

This might be acceptable if you’re willing to risk a small part of your portfolio, but such trading should not be your plan for an early retirement. Likewise in this market, taking a chance on a stock that Mr. Market priced for bankruptcy in the 60-cent range and riding it up to $8 is another way to “trade” your way into a 10-bagger.

For me, those would be good trades, but not quite what I consider an investment-grade 10-bagger. For me, it’s the home-grown, getting in when the equity is fair-valued by fundamental standards, and riding it up as it grows in earnings and potential.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-14 22:43 | Report Abuse

Consumer Services Stocks
23 stocks

Name …. Price (2010) …. Price (2023) …. Gains/Loss % …. DY % …. PE …. MCap.(M)

DKSH [s] …. 0.57 …. 4.8 …. 742% …. 6.67 …. 6.57 …. 756.76
SEG [s] …. 0.1 …. 0.655 …. 555% …. 7.63 …. 22.99 …. 829.06
EURO [s] …. 0.0411 …. 0.09 …. 119% …. 0 …. -7.73 …. 95.71
CWG [s] …. 0.18 …. 0.315 …. 75% …. 0.79 …. 9.37 …. 51.71
SCC …. 0.19 …. 0.32 …. 68% …. 3.13 …. 26.71 …. 45.17
XL [s] …. 0.49 …. 0.79 …. 61% …. 0 …. 35.33 …. 188.54
UPA [s] …. 0.4933 …. 0.78 …. 58% …. 10.26 …. 12.29 …. 186.22
KTC [s] …. 0.16 …. 0.245 …. 53% …. 0 …. 7.85 …. 167.05
ENEST [s] ….(2019) 0.1 …. 0.15 …. 50% …. 0 …. 5.52 …. 69.75
ZHULIAN [s] …. 1.25 …. 1.87 …. 50% …. 9.09 …. 41.39 …. 860.2
ETH [s] ….(2019) 0.165 …. 0.2 …. 21% …. 0 …. -15.1 …. 54.56
AHB [s] …. 0.12 …. 0.145 …. 21% …. 0 …. -8.79 …. 88.21
CCIB [s] ….(2022) 0.31 …. 0.35 …. 13% …. 1.83 …. 18.37 …. 135.18
SUPREME [s] ….(2019) 0.62 …. 0.67 …. 8% …. 4.36 …. 4.98 …. 81.6
EMICO [s] …. 0.38 …. 0.28 …. -26% …. 0 …. 93.78 …. 34.89
PELIKAN [s] …. 1.32 …. 0.82 …. -38% …. 0 …. 7.32 …. 498.67
ASIAFLE [s] …. 5.27 …. 1.85 …. -65% …. 1.08 …. 11.39 …. 360.4
CNH [s] …. 0.26 …. 0.06 …. -77% …. 0 …. -11.29 …. 43.2
JADI [s] …. 0.135 …. 0.03 …. -78% …. 0 …. -2.97 …. 32.29
XOXNET …. 0.3 …. 0.03 …. -90% …. 0 …. -3.79 …. 34.07
MINDA [s] …. 3.73 …. 0.13 …. -97% …. 0 …. 31.12 …. 218.28
MFGROUP [s] …. xx …. 0.24 …. #DIV/0! …. 0 …. 30.89 …. 76.8
MPSOL [s] …. xx …. 0.18 …. #DIV/0! …. 0 …. 53.06 …. 40.11

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-15 06:54 | Report Abuse

Consumer services refer to a broad category of services that are primarily aimed at meeting the needs and desires of individual consumers or customers. These services are typically provided by businesses and organizations to assist individuals in various aspects of their daily lives or enhance their overall experiences.

Consumer services can encompass a wide range of industries and sectors, including but not limited to:

Retail: This includes businesses that sell goods directly to consumers, such as clothing stores, electronics shops, supermarkets, and online retailers.

Hospitality and Tourism: Services related to travel, accommodation, dining, and entertainment, such as hotels, airlines, restaurants, theme parks, and tour operators.

Financial Services: Services related to banking, insurance, investment, and personal finance management, including commercial banks, credit card companies, insurance providers, and financial advisors.

Transportation and Logistics: Services involved in the movement of people and goods, such as taxi services, ride-sharing platforms, delivery services, shipping companies, and courier services.

Communication and Media: Services related to telecommunications, internet service providers, cable or satellite TV providers, streaming platforms, newspapers, magazines, and other forms of media.

Healthcare and Wellness: Services provided by healthcare professionals, hospitals, clinics, wellness centers, fitness clubs, spas, and alternative health practitioners.

Home Services: Services focused on home improvement, maintenance, and repairs, including plumbing, electrical work, cleaning services, pest control, landscaping, and home security systems.

Personal Care and Beauty: Services related to personal grooming, hairdressing, beauty salons, spas, skincare clinics, and cosmetic products.

Education and Training: Services that offer formal or informal education, vocational training, coaching, tutoring, online courses, and educational materials.

Entertainment and Recreation: Services related to entertainment, sports, and recreation, such as cinemas, theaters, sports facilities, amusement parks, gaming arcades, and event organizers.

These are just a few examples, and consumer services can vary greatly depending on the specific needs and preferences of individuals in a given market. The goal of consumer services is to provide convenience, satisfaction, and value to customers in their everyday lives.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-15 06:55 | Report Abuse

Certain consumer services may enjoy economic moats, which are competitive advantages that allow a company to maintain its market position and fend off competitors. Here are a few consumer service sectors that commonly have economic moats:

Technology Platforms: Companies that operate dominant technology platforms, such as social media platforms (e.g., Facebook), e-commerce marketplaces (e.g., Amazon), and search engines (e.g., Google), often benefit from network effects. Network effects occur when the value of a platform increases as more users join, creating a barrier for competitors to replicate the scale and reach of the platform.

Subscription-Based Services: Consumer services that employ a subscription model, such as streaming platforms (e.g., Netflix) and software-as-a-service (SaaS) providers, can develop strong economic moats. Once users subscribe and integrate these services into their routines, switching costs increase, making it difficult for competitors to attract and retain customers.

Financial Services: Established financial institutions, such as banks, insurance companies, and asset management firms, often benefit from regulatory barriers to entry. These institutions have significant capital requirements, regulatory compliance costs, and established customer relationships, creating obstacles for new entrants. Additionally, companies with strong brands and reputations in the financial sector can enjoy customer loyalty and trust, serving as an economic moat.

Retailers with Scale and Efficient Supply Chains: Large retailers, like Walmart, have significant advantages due to economies of scale and efficient supply chain management. These companies can negotiate better deals with suppliers, offer competitive pricing, and invest in advanced logistics systems, making it challenging for smaller competitors to match their operational efficiencies.

Healthcare Providers: Established healthcare providers, such as hospitals and clinics, can benefit from high switching costs. Patients often have established relationships with their healthcare providers, and the cost and effort required to switch to a new provider can be substantial. Additionally, healthcare providers with specialized expertise or access to the latest medical technology can create a competitive advantage and establish themselves as leaders in their respective fields.

It's important to note that while economic moats can provide a competitive advantage, they are not invincible. Market dynamics, technological advancements, changes in consumer preferences, and other factors can erode or disrupt these moats over time. Companies must continuously innovate and adapt to maintain their competitive positions in the ever-changing consumer services landscape.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-15 07:52 | Report Abuse

KLCC REIT is indeed a stapled REIT, also known as KLCC Property Holdings Berhad. The stapled structure of KLCC REIT combines the ownership of shares in KLCC Property Holdings Berhad (the property owner) and units in KLCC REIT (the investment trust). This structure allows investors to hold both components as a single investment.

KLCC Property Holdings Berhad owns and manages a portfolio of prime real estate assets located primarily in the Kuala Lumpur City Centre (KLCC) area in Malaysia. These assets include iconic properties such as the PETRONAS Twin Towers, Suria KLCC Mall, Mandarin Oriental Hotel, and several office buildings.

Under the stapled structure, KLCC Property Holdings Berhad holds the physical real estate assets, while KLCC REIT owns the investment units that represent a proportionate ownership of the income generated by those assets.

Investors in KLCC REIT hold stapled securities, which consist of both shares in KLCC Property Holdings Berhad and units in KLCC REIT. These stapled securities are traded as a single security on the Malaysian stock exchange.

By stapling the two entities together, KLCC REIT provides investors with exposure to the rental income and potential capital appreciation of the real estate assets owned by KLCC Property Holdings Berhad. The income generated by the properties is distributed to KLCC REIT unitholders in the form of dividends.

The stapled structure of KLCC REIT aims to combine the stability and income potential of prime real estate assets with the benefits of a listed investment trust, offering investors an opportunity to participate in the performance of KLCC's prominent properties.

As with any investment, it's important for investors to carefully review the financials, performance, and risks associated with KLCC REIT, as well as the specific terms outlined in its stapling agreement and other related documents.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-15 16:54 | Report Abuse

51 stock(s) found. Construction stocks
Name …. Price (2010) …. Price (2023) …. Gains/Loss % …. DY % …. PE …. MCap.(M)
KERJAYA [s] …. 0.14 …. 1.11 …. 693% …. 5.41 …. 12.18 …. 1406.6
PEB [s] ….(2012) 0.39 …. 1.42 …. 264% …. 0 …. 755.06 …. 98.16
STELLA [s] …. 0.38 …. 0.8 …. 111% …. 3.12 …. -3.72 …. 53.6
PTARAS [s] …. 0.83 …. 1.71 …. 106% …. 5.85 …. 14.06 …. 283.63
DKLS [s] …. 1.15 …. 2.16 …. 88% …. 1.39 …. 12.57 …. 200.23
MERCURY [s] …. 0.64 …. 1.03 …. 61% …. 0 …. -11.45 …. 66.23
EKOVEST [s] …. 0.24 …. 0.38 …. 58% …. 0 …. -7.36 …. 1024.41
MITRA [s] …. 0.17 …. 0.265 …. 56% …. 1.89 …. 6.88 …. 205.68
GAMUDA [s] …. 2.91 …. 4.48 …. 54% …. 9.82 …. 6.47 …. 11925.92
MGB [s] ….(2014) 0.49 …. 0.69 …. 41% …. 0.72 …. 20.79 …. 408.24
AME [s] ….(2019) 1.07 …. 1.42 …. 33% …. 2.82 …. 8.79 …. 909.75
GKENT [s] …. 0.36 …. 0.45 …. 25% …. 4.44 …. 342.99 …. 253.47
KITACON [s] ….(2023) 0.62 …. 0.625 …. 1% …. 1.6 …. 9.08 …. 312.5
WCEHB …. 0.72 …. 0.725 …. 1% …. 0 …. 22.27 …. 2166.09
SUNCON [s] …. 1.85 …. 1.7 …. -8% …. 3.24 …. 17.11 …. 2197.93
INTA [s] ….(2017) 0.24 …. 0.21 …. -13% …. 3.57 …. 10.5 …. 112.49
KIMLUN [s] …. 0.88 …. 0.745 …. -15% …. 1.34 …. -360.64 …. 263.27
ZECON [s] …. 0.46 …. 0.385 …. -16% …. 0 …. -10.52 …. 56.75
MELATI [s] …. 0.68 …. 0.525 …. -23% …. 1.9 …. 2.99 …. 63
MUHIBAH [s] …. 0.98 …. 0.68 …. -31% …. 0 …. -30.39 …. 494.33
ECONBHD [s] ….(2014) 0.31 …. 0.21 …. -32% …. 0 …. -14.87 …. 297.67
GADANG [s] …. 0.47 …. 0.315 …. -33% …. 2.22 …. -39.91 …. 229.34
IJM [s] …. 2.26 …. 1.51 …. -33% …. 5.3 …. 34.8 …. 5507.82
IREKA [s] …. 0.78 …. 0.51 …. -35% …. 0 …. 2.34 …. 116.17
SYCAL …. 0.32 …. 0.19 …. -41% …. 0 …. 44.59 …. 79.1
CRESBLD [s] …. 0.82 …. 0.48 …. -41% …. 0 …. -5.65 …. 84.92
TRC [s] …. 0.59 …. 0.335 …. -43% …. 3.58 …. 8.79 …. 160.97
FAJAR [s] …. 0.56 …. 0.29 …. -48% …. 3.45 …. 18.8 …. 215.96
GDB [s] …. 0.43 …. 0.185 …. -57% …. 0 …. 17.24 …. 173.44
JAKS [s] …. 0.43 …. 0.18 …. -58% …. 0 …. 8.88 …. 412.17
AZRB [s] …. 0.67 …. 0.26 …. -61% …. 0 …. -1.55 …. 155.46
ADVCON [s] ….(2017) 0.9 …. 0.33 …. -63% …. 0 …. -9.91 …. 192.96
TJSETIA [s] ….(2021) 0.71 …. 0.22 …. -69% …. 4.55 …. -2.11 …. 69.7
GBGAQRS [s] ….(2012) 1.11 …. 0.3 …. -73% …. 0 …. 8.63 …. 163.18
HOHUP [s] …. 1.05 …. 0.27 …. -74% …. 0 …. -4.5 …. 133.61
TSRCAP [s] …. 0.92 …. 0.235 …. -74% …. 0 …. -5.51 …. 41
PRTASCO [s] …. 0.66 …. 0.165 …. -75% …. 0 …. -3.04 …. 81.74
OCR [s] …. 0.37 …. 0.075 …. -80% …. 0 …. -7.31 …. 74.25
WCT [s] …. 2.18 …. 0.44 …. -80% …. 1.14 …. 7.02 …. 623.99
PESONA [s] …. 0.9 …. 0.17 …. -81% …. 0 …. -19.29 …. 118.15
IHB [s] …. 0.66 …. 0.1 …. -85% …. 0 …. -1.89 …. 37.92
SENDAI [s] ….(2011) 1.15 …. 0.14 …. -88% …. 0 …. -0.33 …. 109.35
PUNCAK [s] …. 2.95 …. 0.265 …. -91% …. 0 …. -5.65 …. 119.06
BENALEC [s] ….(2011) 1.41 …. 0.1 …. -93% …. 0 …. -2.27 …. 103.16
ZELAN [s] …. 0.67 …. 0.04 …. -94% …. 0 …. -6.61 …. 33.8
BPURI [s] …. 0.69 …. 0.04 …. -94% …. 0 …. -1.55 …. 134.79
VIZIONE [s] …. 0.88 …. 0.05 …. -94% …. 0 …. -2.98 …. 102.38
MUDAJYA [s] …. 3.77 …. 0.19 …. -95% …. 0 …. 22.58 …. 356.39
LEBTECH [s] …. ? …. 0.79 …. #VALUE! …. 0 …. 113.74 …. 107.82
TOPBLDS [s] …. ? …. 0.02 …. #VALUE! …. 0 …. -0.25 …. 14.12
AGES [s] …. ? …. 0.03 …. #VALUE! …. 0 …. -0.06 …. 9.35

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-15 19:32 | Report Abuse

The business model of a construction company revolves around planning, executing, and completing construction projects for clients. This model can vary based on the company's size, scope of services, and target markets. Here are the key components of a typical construction company's business model:

Services Offered: A construction company may specialize in various construction services, such as residential, commercial, industrial, infrastructure, or a combination of these. Some companies focus on specific types of projects, while others offer a broad range of services.

Clientele: Construction companies may serve individual homeowners, real estate developers, businesses, government agencies, or other organizations. The target clientele often dictates the scale and complexity of the projects undertaken.

Project Acquisition: Companies acquire projects through various channels, including public bidding, private contracts, referrals, and partnerships with other businesses in the construction industry.

Estimation and Bidding: When a potential project arises, the construction company provides a detailed cost estimation for the client. This involves evaluating the scope of work, materials, labor, equipment, and any other relevant expenses. They then submit a bid to the client, competing with other construction firms for the project.

Project Management: Once a project is awarded to the construction company, project management becomes crucial. This involves planning, scheduling, resource allocation, and ensuring the project progresses smoothly from inception to completion. Effective project management helps deliver projects on time and within budget.

Supply Chain Management: Construction companies need a well-managed supply chain to procure raw materials, equipment, and subcontractors at competitive prices. Maintaining good relationships with suppliers and subcontractors is essential to meet project demands efficiently.

Skilled Workforce: A construction company relies on a skilled and specialized workforce, including project managers, engineers, architects, construction workers, equipment operators, and support staff. Training and development programs are often implemented to enhance workforce skills and safety practices.

Equipment and Technology: Construction companies invest in machinery and technology to improve productivity and efficiency. This may include construction equipment like excavators, cranes, bulldozers, as well as construction software for project planning, design, and collaboration.

Safety and Compliance: Adherence to safety regulations and building codes is paramount in the construction industry. Companies implement robust safety protocols to protect their workforce, clients, and the public, ensuring compliance with local and national construction regulations.

Financial Management: Effective financial management is crucial for construction companies. This includes budgeting, cost control, cash flow management, and handling contracts and payments with clients and suppliers.

Quality Control and Assurance: Construction companies maintain stringent quality control measures to deliver projects that meet or exceed client expectations. Regular inspections and quality assurance processes ensure the final output is of high standard and meets all specifications.

After-Sales Service: Providing post-construction support and warranty services to clients is an essential aspect of customer satisfaction. Addressing any issues that may arise after project completion helps maintain a positive reputation and fosters long-term relationships with clients.

By effectively integrating these components into their business model, construction companies can operate profitably while delivering high-quality projects to their clients. Adaptability, attention to detail, and customer satisfaction are key factors for success in the competitive construction industry.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-15 19:41 | Report Abuse

Construction sector

For the very long term investor, this sector has many companies in Bursa. Only a few delivered good returns over the long term. For the majority, its shareholders would have been poorer over this period.

Not an easy business. Complicated. Asset heavy. Only the best can deliver.

I avoid this sector in general.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-16 10:09 | Report Abuse

Low entry to be top 1 pct in Malaysia not a bad thing, economists say
POSTED ON JUNE 4, 2023, SUNDAY AT 8:26 AMBUSINESS


A view of the city skyline in Kuala Lumpur. On Tuesday, property consultancy Knight Frank’s latest edition of its The Wealth Report (Wealth Sizing Model) revealed that Malaysians needed just US$485,000 in net wealth to be categorised as part of the country’s richest 1 per cent. – Malay Mail photo

KUALA LUMPUR (June 4): Malaysians requiring just US$485,000 (RM2.2 million) in net worth to count as the richest 1 per cent in the country was not necessarily an unfavourable situation, economists said.

Universiti Malaya honorary professor in the faculty of business and economics Nazari Ismail told Malay Mail that it could be interpreted as the country having a lower cost of living compared to others with higher thresholds, such as Singapore where it took a net worth of US$3.5 million to be in the same percentile.

“In those countries, for example, houses are costly. You have to have lots of money to live in a bungalow.

“In Malaysia, even a school teacher can afford to live in a bungalow if you live a bit further from big cities,” he said, using the term bungalow typically used here for detached homes or to describe large houses.

In comparison, a school teacher in Singapore would only be able to afford a small apartment, he added.

Another reason for the higher Singaporean threshold was that the island-state welcomed wealthy elites from all over the world to buy property and reside there, he said.

“As a result, property prices in Singapore are beyond the reach of ordinary Singaporeans,” he said.

This has led to ordinary Singaporeans being priced out of comfortable and spacious housing, he said.

“So, there is no need to rush to make our country as wealthy as Singapore or Switzerland. It will only result in a higher cost of living for most ordinary people,” he said.

Financial Alliance’s economist and investment director Sani Hamid, who was based in Singapore, expressed similar views.


A higher top 1 per cent threshold was one of the results of a higher gross domestic product (GDP) per capita, he explained.

For example, the GDP per capita of Singapore is around US$70,000 while that of Malaysia is around US$11,000, he said.

“So, from that starting point you already know that the net worth of individuals in Singapore will definitely be much higher than in Malaysia,” he said, adding that it was reflected in the 1 per cent threshold.

There was little point in comparing between the top 1 per cent of different countries, he said.

“I think anybody would agree that being the top 1 per cent earner in any country at any level of economic growth would be quite good,” he said.

Apart from that, one should also consider other less tangible indicators such as happiness and stress, he said.

On Tuesday, property consultancy Knight Frank’s latest edition of its The Wealth Report (Wealth Sizing Model) revealed that Malaysians needed just US$485,000 in net wealth to be categorised as part of the country’s richest 1 per cent. – Malay Mail

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-16 11:58 | Report Abuse

Healthcare counters
Ranked from highest to lowest returns

Name …. Price (2010) …. Price (2023) …. Gains/Loss % …. DY % …. PE …. MCap.(M)
MHCARE [s] ….(2018) 0.0948 …. 0.63 …. 565% …. 1.05 …. 26.83 …. 388.53
TOPVISN [s] ….(2018) 0.2225 …. 0.735 …. 230% …. 1.09 …. 18.14 …. 191.7
KPJ [s] …. 0.36 …. 1.11 …. 208% …. 1.8 …. 24.47 …. 5024.54
OPTIMAX [s] ….(2020) 0.27 …. 0.72 …. 167% …. 3.33 …. 25.66 …. 388.8
IHH [s] ….(2012) 3.15 …. 5.84 …. 85% …. 1.64 …. 21.03 …. 51432.83
LYC [s] …. 0.12 …. 0.21 …. 75% …. 0 …. -7.11 …. 136.49
TMCLIFE [s] …. 0.52 …. 0.605 …. 16% …. 0.45 …. 21.3 …. 1053.84
SMILE [s] ….(2019) 0.189 …. 0.19 …. 1% …. 0.53 …. 162.41 …. 47.58
CENGILD [s] ….(2022) 0.51 …. 0.375 …. -26% …. 0.99 …. 21.02 …. 312.33

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-16 16:38 | Report Abuse

Agricultural Products
From largest to lowest returns

Name …. Price (2010) …. Price (2023) …. Gains/Loss % …. DY …. PE …. MCap.(M)
QL [s] …. 0.62 …. 5.33 …. 760% …. 0.66 …. 37.4 …. 12971.39
CAB [s] …. 0.08 …. 0.67 …. 738% …. 0 …. 4.56 …. 470.27
PWF [s] …. 0.17 …. 0.715 …. 321% …. 6.99 …. 7.93 …. 159.54
TECGUAN [s] …. 0.5 …. 1.76 …. 252% …. 2.84 …. 2.05 …. 70.57
LAYHONG [s] …. 0.09 …. 0.3 …. 233% …. 1 …. 7.98 …. 222.1
TEOSENG …. 0.31 …. 0.975 …. 215% …. 2.05 …. 7.87 …. 292.51
LTKM [s] …. 0.48 …. 1.45 …. 202% …. 0 …. 10.06 …. 207.52
SUNZEN …. 0.09 …. 0.205 …. 128% …. 0 …. 37.23 …. 147.76
AORB ….(2022) 1.9 …. 3.09 …. 63% …. 0.2 …. -344.87 …. 309
GREENYB [s] …. 0.12 …. 0.185 …. 54% …. 1.62 …. 3.37 …. 100.32
TPC [s] …. 0.21 …. 0.285 …. 36% …. 0 …. 8.03 …. 87.85
YENHER ….(2021) 0.92 …. 0.92 …. 0% …. 3.26 …. 12.67 …. 276
PLABS ….(2011) 0.21 …. 0.19 …. -10% …. 3.16 …. 16.34 …. 52.29
RHONEMA ….(2016) 0.86 …. 0.705 …. -18% …. 2.84 …. 12.57 …. 155.96
LHI ….(2019) 1.07 …. 0.52 …. -51% …. 3.46 …. 8.6 …. 1898
SMCAP [s] …. 0.45 …. 0.11 …. -76% …. 0 …. -2.69 …. 43.17

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-16 19:06 | Report Abuse

Diversified Industrials


Name …. Price (2010) …. Price (2023) …. Gains/Loss % …. DY % …. PE …. MCap.(M)
SUNWAY [s] …. 0.22 …. 1.61 …. 632% …. 3.42 …. 11.87 …. 8049.43
HAPSENG …. 0.82 …. 3.21 …. 291% …. 9.35 …. 9.46 …. 7991.88
KFIMA [s] …. 0.85 …. 2.06 …. 142% …. 5.83 …. 9.2 …. 581.4
KSENG …. 2.72 …. 3.84 …. 41% …. 3.65 …. 6.85 …. 1388.07
TEXCHEM [s] …. 0.94 …. 1.21 …. 29% …. 10.74 …. 17.83 …. 152.91
BIG [s] …. 0.59 …. 0.75 …. 27% …. 0 …. 23.78 …. 47.61
CEB ….(2023) 1.5 …. 1.26 …. -16% …. 0 …. 33.36 …. 1162.98
KPS [s] …. 1.41 …. 0.685 …. -51% …. 13.14 …. 5.8 …. 368.11
BJCORP …. 1.24 …. 0.305 …. -75% …. 0 …. 170.53 …. 1818.58
BSTEAD …. 0 …. 0.855 …. #DIV/0! …. 1.75 …. -5.95 …. 1733.08

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-17 10:47 | Report Abuse

Food and Beverages
Returns, ranking from highest to lowest


Name …. Price (2010) …. Price (2023) …. Gains/Loss % …. DY % …. PE …. MCap.(M)
GCB [s] …. 0.15 …. 2.27 …. 1413% …. 1.54 …. 22.33 …. 2667.06
ABLEGLOB [s] …. 0.18 …. 1.3 …. 622% …. 3.08 …. 11.17 …. 403.61
AJI [s] …. 3.32 …. 16 …. 382% …. 0.57 …. 35.38 …. 972.78
CCK [s] …. 0.16 …. 0.725 …. 353% …. 4.83 …. 6.81 …. 457.27
CARLSBG …. 4.63 …. 20.5 …. 343% …. 4.29 …. 20.19 …. 6267.83
HARISON …. 2.16 …. 9.48 …. 339% …. 5.27 …. 9.26 …. 649.28
PWROOT [s] …. 0.48 …. 2.03 …. 323% …. 5.79 …. 16.5 …. 979.55
HEIM …. 7.76 …. 26.7 …. 244% …. 5.17 …. 19.7 …. 8066.02
SPRITZER [s] …. 0.45 …. 1.46 …. 224% …. 4.28 …. 12.44 …. 466.2
HUPSENG [s] …. 0.21 …. 0.68 …. 224% …. 4.41 …. 18.77 …. 544
KAWAN [s] …. 0.63 …. 1.88 …. 198% …. 1.91 …. 18.05 …. 681.65
SDS [s] ….(201() 0.23 …. 0.64 …. 178% …. 1.95 …. 10.69 …. 262.16
NESTLE [s] …. 50.55 …. 132.1 …. 161% …. 1.98 …. 50.59 …. 30977.45
OFI [s] …. 0.43 …. 1.07 …. 149% …. 2.8 …. 13.43 …. 256.8
F&N [s] …. 11 …. 25.3 …. 130% …. 2.37 …. 18.69 …. 9279.5
WELLS [s] ….(2023) 0.39 …. 0.815 …. 109% …. 0 …. 450.61 …. 580.38
DLADY [s] …. 11.5 …. 21.86 …. 90% …. 2.29 …. 40.88 …. 1399.04
CIHLDG [s] …. 1.73 …. 3.15 …. 82% …. 3.81 …. 4.93 …. 510.3
APOLLO [s] …. 2.8 …. 4.06 …. 45% …. 2.46 …. 10.26 …. 324.8
OCB [s] …. 0.53 …. 0.69 …. 30% …. 0 …. -57.98 …. 70.97
PTRB [s] ….(2022) 0.46 …. 0.555 …. 21% …. 0 …. 8.14 …. 296.94
PPB [s] …. 14 …. 16.22 …. 16% …. 2.47 …. 10.16 …. 23074.55
HWATAI [s] …. 0.47 …. 0.48 …. 2% …. 0 …. -5.93 …. 35.92
LOTUS [s] …. 0.26 …. 0.24 …. -8% …. 0 …. 136.7 …. 244.55
MFLOUR [s] …. 0.75 …. 0.66 …. -12% …. 4.55 …. 4.99 …. 674.03
REX [s] …. 0.12 …. 0.105 …. -13% …. 0 …. -12.37 …. 69.05
ORGABIO [s] ….(2022) 0.33 …. 0.265 …. -20% …. 0 …. 400.52 …. 65.68
FFB [s] ….(0.22) 1.69 …. 1.09 …. -36% …. 0.98 …. 40.74 …. 2040.39
3A [s] …. 1.53 …. 0.8 …. -48% …. 3.12 …. 14.73 …. 393.6
BIOHLDG [s] ….(2015) 0.28 …. 0.095 …. -66% …. 0 …. -2.25 …. 133.38
KHEESAN …. 0.55 …. 0.165 …. -70% …. 0 …. -3.99 …. 22.65
GOCEAN [s] …. 0.05 …. 0.015 …. -70% …. 0 …. -3.61 …. 31.67
MSM [s] ….(2011) 4.98 …. 1.18 …. -76% …. 2.54 …. -4.44 …. 829.52
HBGLOB …. 0.8 …. 0.14 …. -83% …. 0 …. -1.08 …. 109.48
MAG [s] …. 1.2 …. 0.2 …. -83% …. 0 …. 14.88 …. 318.75
SAUDEE [s] …. 0.34 …. 0.03 …. -91% …. 0 …. -8.07 …. 34.22
CNOUHUA …. 0.65 …. 0.055 …. -92% …. 0 …. -2.35 …. 36.74
CARZO [s] …. 3.56 …. 0.3 …. -92% …. 0 …. -7.41 …. 57.25
IMPIANA …. 9 …. 0.055 …. -99% …. 0 …. -1.91 …. 27.34

ASTRA …. 0 …. 0.37 …. #DIV/0! …. 0 …. 9.79 …. 100.7

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-17 10:47 | Report Abuse

Food and Beverages
Returns, ranking from highest to lowest


Name …. Price (2010) …. Price (2023) …. Gains/Loss % …. DY % …. PE …. MCap.(M)
GCB [s] …. 0.15 …. 2.27 …. 1413% …. 1.54 …. 22.33 …. 2667.06
ABLEGLOB [s] …. 0.18 …. 1.3 …. 622% …. 3.08 …. 11.17 …. 403.61
AJI [s] …. 3.32 …. 16 …. 382% …. 0.57 …. 35.38 …. 972.78
CCK [s] …. 0.16 …. 0.725 …. 353% …. 4.83 …. 6.81 …. 457.27
CARLSBG …. 4.63 …. 20.5 …. 343% …. 4.29 …. 20.19 …. 6267.83
HARISON …. 2.16 …. 9.48 …. 339% …. 5.27 …. 9.26 …. 649.28
PWROOT [s] …. 0.48 …. 2.03 …. 323% …. 5.79 …. 16.5 …. 979.55
HEIM …. 7.76 …. 26.7 …. 244% …. 5.17 …. 19.7 …. 8066.02
SPRITZER [s] …. 0.45 …. 1.46 …. 224% …. 4.28 …. 12.44 …. 466.2
HUPSENG [s] …. 0.21 …. 0.68 …. 224% …. 4.41 …. 18.77 …. 544
KAWAN [s] …. 0.63 …. 1.88 …. 198% …. 1.91 …. 18.05 …. 681.65
SDS [s] ….(201() 0.23 …. 0.64 …. 178% …. 1.95 …. 10.69 …. 262.16
NESTLE [s] …. 50.55 …. 132.1 …. 161% …. 1.98 …. 50.59 …. 30977.45
OFI [s] …. 0.43 …. 1.07 …. 149% …. 2.8 …. 13.43 …. 256.8
F&N [s] …. 11 …. 25.3 …. 130% …. 2.37 …. 18.69 …. 9279.5
WELLS [s] ….(2023) 0.39 …. 0.815 …. 109% …. 0 …. 450.61 …. 580.38
DLADY [s] …. 11.5 …. 21.86 …. 90% …. 2.29 …. 40.88 …. 1399.04
CIHLDG [s] …. 1.73 …. 3.15 …. 82% …. 3.81 …. 4.93 …. 510.3
APOLLO [s] …. 2.8 …. 4.06 …. 45% …. 2.46 …. 10.26 …. 324.8
OCB [s] …. 0.53 …. 0.69 …. 30% …. 0 …. -57.98 …. 70.97
PTRB [s] ….(2022) 0.46 …. 0.555 …. 21% …. 0 …. 8.14 …. 296.94
PPB [s] …. 14 …. 16.22 …. 16% …. 2.47 …. 10.16 …. 23074.55
HWATAI [s] …. 0.47 …. 0.48 …. 2% …. 0 …. -5.93 …. 35.92
LOTUS [s] …. 0.26 …. 0.24 …. -8% …. 0 …. 136.7 …. 244.55
MFLOUR [s] …. 0.75 …. 0.66 …. -12% …. 4.55 …. 4.99 …. 674.03
REX [s] …. 0.12 …. 0.105 …. -13% …. 0 …. -12.37 …. 69.05
ORGABIO [s] ….(2022) 0.33 …. 0.265 …. -20% …. 0 …. 400.52 …. 65.68
FFB [s] ….(0.22) 1.69 …. 1.09 …. -36% …. 0.98 …. 40.74 …. 2040.39
3A [s] …. 1.53 …. 0.8 …. -48% …. 3.12 …. 14.73 …. 393.6
BIOHLDG [s] ….(2015) 0.28 …. 0.095 …. -66% …. 0 …. -2.25 …. 133.38
KHEESAN …. 0.55 …. 0.165 …. -70% …. 0 …. -3.99 …. 22.65
GOCEAN [s] …. 0.05 …. 0.015 …. -70% …. 0 …. -3.61 …. 31.67
MSM [s] ….(2011) 4.98 …. 1.18 …. -76% …. 2.54 …. -4.44 …. 829.52
HBGLOB …. 0.8 …. 0.14 …. -83% …. 0 …. -1.08 …. 109.48
MAG [s] …. 1.2 …. 0.2 …. -83% …. 0 …. 14.88 …. 318.75
SAUDEE [s] …. 0.34 …. 0.03 …. -91% …. 0 …. -8.07 …. 34.22
CNOUHUA …. 0.65 …. 0.055 …. -92% …. 0 …. -2.35 …. 36.74
CARZO [s] …. 3.56 …. 0.3 …. -92% …. 0 …. -7.41 …. 57.25
IMPIANA …. 9 …. 0.055 …. -99% …. 0 …. -1.91 …. 27.34

ASTRA …. 0 …. 0.37 …. #DIV/0! …. 0 …. 9.79 …. 100.7

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-17 15:10 | Report Abuse

Invest in only the best businesses with very long runways ahead.

Posted by i3lurker > 2023-07-18 01:18 | Report Abuse

long runways means it never takes off

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-18 07:42 | Report Abuse

Runways

Padini is in a very competitive industry. As usual, it started small. We were not sure if it will grow big or not. It was not even on my radar in its early years. I first noticed it when I was doing comparative study of its industry. I realised its transformation. I compared the performance of Hing Yiap and Padini. They started quite similarly. Padini soon gave up its manufacturing due to cheap productions from China. This would have killed off its business but it managed to transform. It outsourced its manufacturing. Then it started its Concept Stores. These stores when first appeared were huge relatively. Hmm! More stores came up. Their revenues, profits and cash flows increased steeply. It was still small. The runway ahead was still long. Got into this shares and sent my representatives to attend their meetings in their headquarter in Shah Alam. Got feedback that foreign investors asked many questions too. Over the years, competitors came. Uniglo, G2000 etc. Write-ups in blogs worried over the ability of Padini to face up to these big established worldwide competitors. As investor, you cannot ignore this to. Padini was amazing. They entered the smaller towns. Then they came out with their Brand outlets, selling even cheaper goods. Such big outlets, were they able to cover the costs? Thus, they created new runways. How much longer are the runways ahead? So far, Padini has been able to compete in its industry very effectively. However, it has not been doing well in their penetration overseas.

In investing, screen and monitor the smaller companies from time to time. Business is never static. The good businesses that have grown big have all started as small businesses. If you can identify these early in their EARLY growth phase and get in at that period, you have a chance to capture their potential and realise a multi-bagger in your investing. Always think long term.

Yes, in a few the growth faltered and you probably lost money in them But the winners you have more than covered these small losses many times over.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-18 08:25 | Report Abuse

WEDNESDAY, 2 JUNE 2010
Padini versus Hing Yiap
Stock Performance Chart for Padini Holdings Berhad

From the above chart:
The EPS has grown from less than 10 sen to 40 sen since 2005. (3x)
Its dividend has increased from less than 5 sen to above 10 sen since 2005. (2x)
It share price has increased from about RM 1 to just below RM 4 since 2005. (3x)
Financial strength: Excellent
Its PE is about 10.

Share price is RM 3.49 per share.
Its annualised EPS is 49.59 sen (est.)
Its dividend yield is 3.44%.
Its P/B is 1.9

----

Stock Performance Chart for Hing Yiap Group Berhad


From the above chart:
The EPS has grown from negative 5 sen to just below 25 sen since 2005. (5x)
Its dividend has increased from just above 0 sen to about 5 sen since 2005. (2x)
It share price has increased from just above RM 0.50 to RM 1 since 2005. (2x)
Financial strength: Good
Its PE is about 4.

Share price is MR 1.09 per share.
Its annualised EPS is 37.29 sen (est.)
Its dividend yield is 7.64%.
Its P/B is 0.49

----

The growth in EPS of Padini is due to its increasing revenue over the years.
The growth in EPS of Hing Yiap is due to its better profit margins with little increase in its top line revenue.
Padini is trading at higher P/E and higher P/B ratio compared with Hing Yiap.
Which company will grow its EPS at a faster rate in the future?
Which company will give a higher total shareholder return in the next 2 to 5 years?
Which company will you choose to invest into?
Would you invest into these companies today or wait for a more opportune time?

My subjective assessment:

Quality: Padini > Hing Yiap
Management: Padini (Great) > Hing Yiap (Good)
Value: Padini is anticipated to grow its EPS at faster rate, therefore, it is not a surprise that its P/E is higher. Hing Yiap may surprise on the upside, but it will need to be monitored.

http://myinvestingnotes.blogspot.com/2010/06/padini-versus-hing-yiap.html

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-18 12:48 | Report Abuse

Here's the list with the capital Gains/Loss % and DY % (Dividend Yield):
Food and Beverages
From Year 2010 to 2023

GCB [s]: 1413% gains, DY %: 1.54%
ABLEGLOB [s]: 622% gains, DY %: 3.08%
AJI [s]: 382% gains, DY %: 0.57%
CCK [s]: 353% gains, DY %: 4.83%
CARLSBG: 343% gains, DY %: 4.29%
HARISON: 339% gains, DY %: 5.27%
PWROOT [s]: 323% gains, DY %: 5.79%
HEIM: 244% gains, DY %: 5.17%
SPRITZER [s]: 224% gains, DY %: 4.28%
HUPSENG [s]: 224% gains, DY %: 4.41%
KAWAN [s]: 198% gains, DY %: 1.91%
SDS [s]: 178% gains, DY %: 1.95%
NESTLE [s]: 161% gains, DY %: 1.98%
OFI [s]: 149% gains, DY %: 2.8%
F&N [s]: 130% gains, DY %: 2.37%
WELLS [s]: 109% gains, DY %: 0%
DLADY [s]: 90% gains, DY %: 2.29%
CIHLDG [s]: 82% gains, DY %: 3.81%
APOLLO [s]: 45% gains, DY %: 2.46%
OCB [s]: 30% gains, DY %: 0%
PTRB [s]: 21% gains, DY %: 0%
PPB [s]: 16% gains, DY %: 2.47%
HWATAI [s]: 2% gains, DY %: 0%
LOTUS [s]: -8% loss, DY %: 0%
MFLOUR [s]: -12% loss, DY %: 4.55%
REX [s]: -13% loss, DY %: 0%
ORGABIO [s]: -20% loss, DY %: 0%
FFB [s]: -36% loss, DY %: 0.98%
3A [s]: -48% loss, DY %: 3.12%
BIOHLDG [s]: -66% loss, DY %: 0%
KHEESAN: -70% loss, DY %: 0%
GOCEAN [s]: -70% loss, DY %: 0%
MSM [s]: -76% loss, DY %: 2.54%
HBGLOB: -83% loss, DY %: 0%
MAG [s]: -83% loss, DY %: 0%
SAUDEE [s]: -91% loss, DY %: 0%
CNOUHUA: -92% loss, DY %: 0%
CARZO [s]: -92% loss, DY %: 0%
IMPIANA: -99% loss, DY %: 0%

Note: The "s" next to the name indicates that the stock pays dividends. The "DY %" represents the dividend yield.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-18 12:58 | Report Abuse

When looking at capital structure, try to determine two important things:

1. Is the business a consumer or producer of capital? Does it constantly require capital infusions to build growth or replace assets? Warren Buffett - and many other value investors - shun businesses that cannot generate sufficient capital on their own. In fact, one of the guiding principles behind Berkshire Hathaway is the generation of excess capital by subsidiary businesses that can be deployed elsewhere.

2. Is the business properly leveraged? Overleveraged businesses are at risk and additionally burden earnings with interest payments. Under-leveraged businesses, while better than overleveraged, may not be maximizing potential returns to shareholders.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-18 13:00 | Report Abuse

1. Consumer or Producer of Capital:
The first aspect of the capital structure of a business is whether it is a consumer or producer of capital. In this context, "capital" refers to the financial resources that a company needs to operate, grow, and invest in its operations. Some businesses require constant infusions of capital to fund their growth or replace assets regularly. These companies are often called "capital consumers" because they depend on external sources, like loans or equity financing, to fund their ongoing operations.
On the other hand, there are businesses that generate enough internal cash flow to sustain their operations and fund growth without relying heavily on external capital. Such companies are considered "capital producers" as they generate sufficient funds from their core operations and don't constantly need to seek outside financing.

Warren Buffett, a renowned value investor, and his company Berkshire Hathaway are examples of those who prefer businesses that are capital producers. Buffett seeks businesses with strong and sustainable cash flows, as he believes that the ability to generate excess capital internally gives a company more flexibility and options for future investments or acquisitions.

2. Proper Leverage:
The second important aspect of the capital structure is whether the business is properly leveraged. "Leverage" refers to the use of debt or borrowed funds to finance a company's activities. It can amplify both profits and losses.
a. Overleveraged businesses: These are companies that have taken on too much debt relative to their earnings and overall financial strength. While leverage can boost returns when times are good, it also increases the risk during economic downturns or when the company faces financial difficulties. Overleveraged companies may struggle to meet interest payments on their debt, leading to financial distress and potentially bankruptcy.

b. Under-leveraged businesses: On the other hand, under-leveraged businesses have very little debt compared to their earnings potential and financial capacity. While this may be less risky, it might not be the most efficient use of capital. Under-leveraged companies may not be maximizing their potential returns to shareholders, as they have excess cash that could be better utilized elsewhere.

The optimal level of leverage varies from one industry and company to another. It depends on factors like the company's risk tolerance, industry dynamics, and growth opportunities. Finding the right balance of leverage is crucial for businesses to strike a balance between financial stability, growth potential, and shareholder returns.

In summary, the capital structure of a business is a critical factor in evaluating its financial health and investment potential. Understanding whether a company is a capital producer or consumer and analyzing its leverage levels can provide valuable insights into its sustainability, growth prospects, and overall attractiveness as an investment opportunity. As with any investment analysis, it's essential to consider these factors in the context of the broader market conditions and the company's competitive position within its industry.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-19 18:47 | Report Abuse

China is expected to overtake Malaysia as the world's largest rubber glove producer in the next few years. As of 2022, Malaysia has a global market share of 60%, while China has a market share of 20%. However, China's rubber glove industry is growing rapidly, while Malaysia's industry is facing some challenges, such as rising labor costs and environmental regulations.

According to a report by the Malaysian Rubber Glove Manufacturers Association (Margma), China's rubber glove production capacity is expected to reach 170 billion pieces per year by 2025, while Malaysia's production capacity is expected to reach 150 billion pieces per year. This means that China will need to increase its market share by only 5% to overtake Malaysia.

There are a number of factors that are contributing to China's rapid growth in the rubber glove industry. These factors include:

Government support: The Chinese government has been providing financial and other support to the rubber glove industry in recent years. This has helped to attract investment and boost production capacity.
Low labor costs: Labor costs in China are significantly lower than in Malaysia. This gives Chinese glove manufacturers a cost advantage.
Access to raw materials: China has a large domestic supply of natural rubber, which is the main raw material used in rubber gloves. This gives Chinese glove manufacturers a secure supply of raw materials.
In order to maintain its position as the world's largest rubber glove producer, Malaysia will need to address the challenges it is facing. These challenges include:

Rising labor costs: Labor costs in Malaysia are rising, which is making it more expensive to produce rubber gloves in the country.
Environmental regulations: Malaysia is tightening its environmental regulations, which is adding to the cost of production.
Competition from China: China is becoming a major competitor in the rubber glove industry. This is putting pressure on Malaysian glove manufacturers to reduce their costs and improve their efficiency.
It is difficult to say exactly when China will overtake Malaysia as the world's largest rubber glove producer. However, based on the current trends, it is likely to happen within the next few years.

Posted by i3lurker > 2023-07-19 19:17 | Report Abuse

you just cannot compete with a communist country once they have set Gloves as a priority one important industry.

Covid taught China they need gloves now and in the future, so be it.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-20 08:26 | Report Abuse

The best way to make money in the stock market is to invest for the long term. This means that you are willing to ride out short-term fluctuations in the market and focus on the long-term growth of the businesses you invest in.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-24 19:34 | Report Abuse

CPO
RM 4209 per ton

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-26 07:55 | Report Abuse

The Good versus Bad Billionaires

Good billionaires emerge outside "rent-seeking industries."

Common rent-seeking industries are construction, real estate, gambling, mining, steel, aluminum, oil, gas and other commodity sectors that mainly involve digging resources out of the ground.

In these businesses, major players often spend their time extracting maximum rents from limited national resources by bribing politicians if necessary, not growing national wealth in innovative ways.

New names on the billionaire list can be a favourable sign. Looking at the scale of billionaire fortunes is not enough to reveal the extent of their political vulnerabilities.



Comparing the share of the wealth generated by "bad billionaires."

To make a qualitative judgement about the sources of great fortunes, compare the total wealth of tycoons in these corruption prone businesses to that of all billionaires in the country.

This no doubt miscasts many honest mining and oil tycoons, but even in nations where these industries are relatively uncorrupt, they tend to make weak contributions to productivity and to tie the economy to the volatile swings of commodity prices.



Good billionaires

This label is for tycoons in industries that are known to make the largest contributions to growth in productivity or that make popular consumer products, like smartphones or cars.

These "good" industries are the ones least likely to generate backlashes against wealth creation; they include technology, manufacturing, pharmaceutical, and telecoms, as well as retail, e-commerce and entertainment.



How are nations generating their wealth?

Analysing billionaires does offer anecdotally telling, real-time evidence of how nations are generating wealth.

Countries with small percentage of bad billionaires
Among the largest developed economies of 2019, bad billionaires controlled the smallest shares of billionaire wealth: in Italy (7%) and France(9%) - a good sign for both countries.

Only 13% of Swedish billionaire wealth originates in rent seeking industries. Much of the rest is created at globally competitive companies, including H&M in fashion and IKEA in furniture retailing.

Countries with large percentage of bad billionaires
Few new or good billionaires are to be found in nations like Turkey or Russia, where aging regimes have turned away from reform and promoted favoured tycoons. The undisputed capital of connected tycoons is Moscow. Nearly 70% of Russian billionaire wealth comes from bad billionaires. The Kremlin treats billionaires with contempt, arbitrarily changing rules that govern their businesses knowing the public has little sympathy for a billionaire class widely perceived as corrupt.

Popular resentment against great wealth is palpable in Mexico as well, where bad billionaires also control close to 70% of billionaire wealth. Mexican tycoons are known for cornering industries such as telephones and concrete, which earn monopoly profits for their owners while driving up prices for consumers.

Bad billionaires typically arise in family empires, particularly in the emerging world, where weaker institutions make it easier for old families to cultivate political connections.

Posted by Sslee > 2023-07-26 08:34 | Report Abuse

Without the evil who digging resources out of the ground do you think any good industries able to make popular consumer products, like smartphones/computer or cars and etc.

Consumers are the ultimate evil so please consume less and be less evil.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-26 09:20 | Report Abuse

SSLee, it is a broad overview of how to look at the data of the billionaires created in a country.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-26 09:27 | Report Abuse

Tracking billionaire wealth can provide insight into whtehr an economy is creating the kind of wealth that will help it grow or trigger revolt in the near future. Tracking it by scale, share of inherited wealth, and share of bad billionaires ensures that none of these potential sources of political resntment will be missed.

It is a bad sign if the billionaire class controls too fat a share of national wealth, becomes an entrenched and inbred elite and builds fortunes mainly from politically connected industries.

A healthy economy needs an evolving cast of productive industrialists, not a fixed cast of corrupt tycoons. Creative destruction drives growth in a capitalist society.

Bad billionaires have everything to gain from the stauts quo, they are enemies of wider prosperity and lighning rods for poopulist revolts pushing to redistribute rather than growh the economic pie.

Posted by Sslee > 2023-07-26 09:42 | Report Abuse

Federal Reserve data indicates that as of Q4 2021, the top 1% of households in the United States held 32.3% of the country's wealth, while the bottom 50% held 2.6%.

India's top 1% owned more than 40.5% of its total wealth in 2021, according to a new report by Oxfam. In 2022, the number of billionaires in the country increased to 166 from from 102 in 2020, the report said. Meanwhile, it added that the poor in India "are unable to afford even basic necessities to survive".16 Jan 2023

So the rich get richer and the poor get poorer.

Posted by ahbah > 2023-07-26 13:31 | Report Abuse

Conclusion : The Indians are superrich !!!

Posted by qqq47660 > 2023-07-26 15:22 | Report Abuse

ahbah > 1 hour ago | Report Abuse

Conclusion : The Indians are superrich !!!
======

returning to normal. Its a feudal society

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-27 21:21 | Report Abuse

Economy Madani

Looks good on paper. Now for its efficient implementation.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-11 21:48 | Report Abuse

https://www.youtube.com/watch?v=gbL305MsyaM
It not tough to be right over 10 years. Stay focus on investing for the long term.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-12 06:19 | Report Abuse

https://www.youtube.com/watch?v=lQSviPyM9DY
Warren Buffett: How To Understand Annual Reports

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-12 06:41 | Report Abuse

https://www.youtube.com/watch?v=tTCo4xE335E
Warren Buffett: What You Should Look For In Annual Reports

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-17 11:57 | Report Abuse

>>>
Blog: 7 Classes of Wealth (Calvin Tan)

1 day ago | Report Abuse

This 3iii tells lie is true.
If Calvin got say sell 8 houses to buy Netx then cut and paste here

What Calvin said is, "Dinosaur 3iii kept Dlady dumb dumb holding from Rm72 to Rm21.50
>>>


Remarkable. Calvintaneng told everyone in the forum he sold 8 houses to invest in Netx. Now, he has forgotten!

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-26 08:02 | Report Abuse

I rarely / almost never trade stocks. I like to own stocks for the long term. Therefore, I have to choose stocks that can be owned for the long term profitably.

Some stocks are for trading only. Only a few stocks can be held long term. Such stocks are almost never sold.

Since 2019, I have sold 1 stock totally and 1 stock partially. :-)

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-08-26 12:46 | Report Abuse

Watching paint dry

Nestle
DLady
Petronas Dagangan
Petgas
PBB
Maybank
Heim
iCAP
AeonCredit
Coastal
Bonia
HLBank
PPB
UMW
GENM
LPI
Hartalega
Topglove
Penta
TongHerr
Scientex
MYEG