Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-08-21 08:17 | Report Abuse

Power of compounding.  K.I.S.S.

Start investing early.
Assuming the portfolio of stocks give a 10% return yearly or doubling every 7 years:

Number of compounding years .. Outcome

O $1
7   $2
14 $4
21 $8
27 $16
34 $32
41 $64

A person invested 1k at age 20 years and compounding at 10% yearly, his investment grew to 64k, when he was 61 years old (41 years later).

A person invested 1k at age 40 years and compounding at 10% yearly, his investment grew to 8k, when he was 61 years old (21 years later).

A person invested 1k at age 54 years and compounding at 10% yearly, his investment grew to 2k, when he was 61 years old (7 years later).



INVEST EARLY.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-08-21 08:26 | Report Abuse

Compounding is truly magical at the end of the long compounding period.

The person who invested at age 20 years, the last doubling from age of 54 to 61 was $64 - $32 = $32. This $32 incremental gain in his portfolio value is MORE than all the doubling gains of his portfolio from age 20 to age 54.

This is a HUGE FIGURE.

😄😀😄😀😄😀😄😀😄😀

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-08-21 11:35 | Report Abuse

The enemy of your cash is INFLATION.
The friend of your cash is COMPOUNDING.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-08-29 22:24 | Report Abuse

During the 1996 Berkshire Hathaway Annual Meeting, Warren Buffett discussed the value of investing in truly great companies that will remain strong for decades.
He advises against trying to time the market or waiting for a financial crisis to buy stocks at a discount, as great companies are rare and difficult to find. Instead, Buffett suggests buying and holding onto these companies long-term, with the confidence that they will thrive over time.
Here’s an excerpt from the meeting:
Buffett: Yeah. Well, I won’t comment on the three companies that you’ve named. But in general terms, unless you find the prices of a great company really offensive, if you feel you’ve identified it — And by definition, a great company is one that’s going to remain great for 30 years.
If it’s going to be a great company for three years, you know, it ain’t a great company. I mean, it — (Laughter) So, you really want to go along with the idea of something that, if you were going to take a trip for 20 years, you wouldn’t feel bad leaving the money in with no orders with your broker and no power of attorney or anything, and you just go on the trip.
And you know you come back, and it’s going to be a terribly strong company. I think it’s better just to own them. I mean, you know, we could attempt to buy and sell some of the things that we own that we think are fine businesses. But they’re too hard to find.
I mean, we found See’s Candy in 1972, or we find, here and there, we get the opportunity to do something. But they’re too hard to find. So, to sit there and hope that you buy them in the throes of some panic, you know, that you sort of take the attitude of a mortician, you know, waiting for a flu epidemic or something.
I mean — (laughter) — it — I’m not sure that will be a great technique. I mean, it may be great if you inherit. You know, Paul Getty inherited the money at the bottom, in ’32. I mean, he didn’t inherit it exactly. He talked his mother out of it. But — (laughter) — it’s true, actually.
You can find the entire discussion here:

https://acquirersmultiple.com/2024/08/warren-buffett-dont-wait-for-a-price-drop-to-buy-a-great-company/

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-08-29 22:24 | Report Abuse

During the 1996 Berkshire Hathaway Annual Meeting, Warren Buffett discussed the value of investing in truly great companies that will remain strong for decades.
He advises against trying to time the market or waiting for a financial crisis to buy stocks at a discount, as great companies are rare and difficult to find. Instead, Buffett suggests buying and holding onto these companies long-term, with the confidence that they will thrive over time.
Here’s an excerpt from the meeting:
Buffett: Yeah. Well, I won’t comment on the three companies that you’ve named. But in general terms, unless you find the prices of a great company really offensive, if you feel you’ve identified it — And by definition, a great company is one that’s going to remain great for 30 years.
If it’s going to be a great company for three years, you know, it ain’t a great company. I mean, it — (Laughter) So, you really want to go along with the idea of something that, if you were going to take a trip for 20 years, you wouldn’t feel bad leaving the money in with no orders with your broker and no power of attorney or anything, and you just go on the trip.
And you know you come back, and it’s going to be a terribly strong company. I think it’s better just to own them. I mean, you know, we could attempt to buy and sell some of the things that we own that we think are fine businesses. But they’re too hard to find.
I mean, we found See’s Candy in 1972, or we find, here and there, we get the opportunity to do something. But they’re too hard to find. So, to sit there and hope that you buy them in the throes of some panic, you know, that you sort of take the attitude of a mortician, you know, waiting for a flu epidemic or something.
I mean — (laughter) — it — I’m not sure that will be a great technique. I mean, it may be great if you inherit. You know, Paul Getty inherited the money at the bottom, in ’32. I mean, he didn’t inherit it exactly. He talked his mother out of it. But — (laughter) — it’s true, actually.
You can find the entire discussion here:

https://acquirersmultiple.com/2024/08/warren-buffett-dont-wait-for-a-price-drop-to-buy-a-great-company/

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-09-04 07:13 | Report Abuse

When to sell?

The same factors used to select and avoid stocks are used to decide which stocks to sell and when.


Sales are indicated when the key factors supporting an original buy are gone. Here is a summary of such factors:

(1) Internal:

dubious management behaviour,
vague disclosure or complex accounting,
aggressively increased merger activity,
dizzying executive compensation packages.

(2) External:

intensifying new competition,
disruptive technological onslaughts,
deregulation,
declining inventory and receivables turns.

(3) Economic:

shrunken profit margins;
declining returns on equity, assets, and investment;
earnings erosion;
debt increased aggressively in relation to equity;
deterioration in current and quick ratios.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-09-04 07:16 | Report Abuse

Value investors avoid selling when bad news is temporary. Single-quarter profit margin slippage should provoke questions, but not sales orders. If investigation shows deeper problems, then the condition might be permanent and selling indicated. Permanent deterioration requires more evidence.

When in doubt concerning where deterioration is temporary or permanent, value investing might include a hedging strategy. This would call for selling some but less than all shares held.

Value investors never sell solely due to falling prices. They require some evidence related to the declining intrinsic value of the business to warrant a revision in the hold-or-sell calculus. Stock price fluctuations are far too fickle to influence such an important decision.

In the case of a preset policy to sell when price reaches a certain high level, many value investors follow the same mixed strategy adhered to when unsure whether a development is permanent or temporary: selling some, but not all.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-09-10 21:29 | Report Abuse

Investing versus Speculation

What is the difference between investing and speculation?

Benjamin Graham addressed the differences between them on the very first page of his book, The Intelligent Investor.

Graham wrote, "An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return."

Based on this definition, there are three components to investing:

thorough analysis,
safety of principal, and
adequate return.

Graham added, "Operations not meeting these requirements are speculative."


To this, we can add:

(1) Any contemplated holding period shorter than a normal business cycle (typically 3 to 5 years) is speculation, and

(2) any purchase based on anticipated market movements or forecasting is also speculation.



Value investing meets Graham's definition of investing, addressing on: its focus on individual company analysis to determine intrinsic value, the margin of safety concept, and its success over the long term.

The distinction between investing and speculation is important for a reason Graham cited in 1949 and remains true today: "... in the easy language of Wall Street, everyone who buys or sells a security has become n investor regardless of what he buys, or for what purpose, or at what price...."

The financial media often refers to "investors" taking profits, bargain hunting, or driving prices higher or lower on a particular day. However, these actions are rightly attributed to speculators, not investors.



Investors and speculators approach their tasks differently.

Investors want to know what a business is worth and imagine themselves as owning the business as a whole. Unlike speculators, investors maintain a long-term perspective—at least 3 to 5 years. They look at a company from the perspective of owners. This means they’re interested in factors such as corporate governance, structure, and succession issues that may affect a company’s future and its ability to create wealth for years to come. Investors may use their voting rights to assist in enhancing company value over the long term.



Speculators, on the other hand, are less interested in what a business is actually worth and more concerned with what a third party will pay to own shares on a given day. They may be concerned only with short-term changes in a stock’s price, not in the underlying value of the company itself.


The problem with speculation is simple:

Who can predict what a third party will pay for your shares today, tomorrow, or any day?

Stock market prices typically swing between extremes, stoked by the irrational emotions of fear and greed.




Focus on the long term business value

Such dramatic price fluctuation on a day-to-day basis can test long-term investors’ mettle in maintaining their focus on business value.

Remember, the tendency is for business values day-to-day to remain relatively stable.

Day-to-day price changes should hold little interest for the long-term investor, unless a price has fallen to the “buying level” that represents a sizable margin of safety.

But that’s often difficult to remember when newspaper headlines, TV news anchors, friends, and coworkers are lamenting or lauding the market’s most recent lurch forward or back.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-09-11 08:20 | Report Abuse

[KMLOONG]: KIM LOONG RESOURCES BHD

15 hours ago | Report Abuse

FYE JAN 2024

INCOME STATEMENT
Rev 1526m
Gross Income 276m
EBIT 219m
Interest exp 2m
PBT 232m
PAT 148m

BALANCE SHEET
CA 514M
TA 1257M

CL 149m
TL 276m
TEq 980m

Cash 419m
ST Debt 16m
LT Debt 35m


CASH FLOW STATEMENT
FFO 235m
NOCF 235m

CAPEX (45m)
Cash Dividends 145m

FCF 190m
FCF Yield 2.28%


FINANCIAL DATA

PRICE 2.45
Market Cap 2.393b
No of Share 976.76
ROE 19.28% P/B 2.78 NTA 0.88
EPS 16.97 sen PER 14.44
Dividend 13 sen
DY 5.31%

FCF 226.28m

Net Cash RM 379.76m (16%)
Net Cash per share RM 0.39


TSH RESOURCES BHD

15 hours ago | Report Abuse

FYE Dec 2023

INCOME STATEMENT
Revenues 1067m
Gross Income 398m
EBIT 181m
Interest exp 20m
PBT 190m
PAT 95m

BALANCE SHEET
CA 645m
TA 2845m

CL 318m
TL 540m
TEq 2047m

Cash & Eq 250m
ST Debts 192m
LT Debts 112m

CASH FLOW STATEMENT
Net income 197.8m
D&A 101.4m
FFO 195.6m
CWC 34.3m
NOCF 230m

Capex (64.1m)

Dividends Paid (35.5m)

FCF 165.9m
FCF Yield 9.77%


FINANCIAL DATA
Price 1.13
Market Cap 1.56b
No of shares 1.382b
ROE 4.75%
NTA 1.456
P/B 0.77
EPS 6.92 sen
PER 16.33
Dividend 2.5 sen
DY 2.21%
DPO Policy 20%

FCF 194.31 m


JAYA TIASA HOLDINGS BHD

16 hours ago | Report Abuse

12 months FYE 30/6/2024

INCOME STATEMENT
Revenue 1,015.8 m
Gross Profit 305.7 m
Operating Profit 227.2 m
Finance costs 18.5 m
PBT 206.6 m
Net Profit 141.1 m

BALANCE SHEET
NCA 1,595.6m
CA 395.7m
TA 1981.3m

CL 141.9m
NCL 175.6m
TL 454.2m

Equity 1,527.1m

Cash & Eq 283.0m
STL & Borrowings 57.7m
LTL & Borrowings 136.6m

Net Asset per Share 1.58
No of ord shares 967.991m

CASH FLOW STATEMENT
PBT 206.6m
D&A 137.7m
OCFBWCC 395.9m
CFO 391.8m
NCF from operating activities 360.0 m

Acquisition of subsidiaries (52.3m)
Acquisition of PPE (49.3m)

Dividend paid (40.7m)

FINANCIAL INFORMATION
JTIASA
Share price 1.070
Market cap 1.042b
ROE 9.14%
P/B 0.68
NTA 1.58
EPS 14.44 sen
PER 7.41
DPO policy 20%
Dividend 3.2 sen
DY 2.99%

FCF 307.4m

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-09-11 08:24 | Report Abuse

KIM LOONG
FYE JAN 2024

INCOME STATEMENT
Rev 1526m
Gross Income 276m
EBIT 219m
Interest exp 2m
PBT 232m
PAT 148m



TSH
FYE Dec 2023

INCOME STATEMENT
Revenues 1067m
Gross Income 398m
EBIT 181m
Interest exp 20m
PBT 190m
PAT 95m


JAYA TIASA
12 months FYE 30/6/2024

INCOME STATEMENT
Revenue 1,015.8 m
Gross Profit 305.7 m
Operating Profit 227.2 m
Finance costs 18.5 m
PBT 206.6 m
Net Profit 141.1 m

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-09-11 11:24 | Report Abuse

After a long run, the stock market is a weighing machine.

Cathie Wood of Ark Invest is a "speculator and gambler".

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-09-15 15:06 | Report Abuse

Calvin Tan
Iinvestor Blogger
Calvin Tan
With 31 years of experience, Calvin began his
investing journey in 1992 with an IPO bui
struggled with losses for many years. When
Calvin stumbled upon a book by Dr. Neoh
Soon Kean on value investing , in the year
2005, and has been applying these principles
to his trading strategy. Since then, he has
managed to make up for his past losses and
also achieved significant profits from his
investments. Now, as a firm believer in the
power of valle investing, Calvin is passionate
about sharing his knowledge with others.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-09-19 14:50 | Report Abuse

With the MYR strengthening against the US, this should be positive for the profit margins of DLady, Nestle and Padini.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

https://www.malaymail.com/news/malaysia/2024/10/14/explainer-what-are-data-centres-and-why-is-malaysia-able-to-attract-billions-in-tech-investments-for-it/153620

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Data centers

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

It is not too difficult to calculate the intrinsic value of this company


KIM LOONG
Quality
FY 2024
Annual revenue 1.5B 5Yr CAGR 11.8%
PAT 148m 5Yr CAGR 23.2%

Management
Net Profit Margin 9.7%
ROE 18%

Valuation
PE 14.5
DY 5.45% (DPO 88%)
P/B 2.59
NTA RM 0.92

25.10.2024
Price today 2.38 per share
Market Cap 2.326b
Number of share 977.23m


Comments:
Revenues and earnings growing consistently from 2020 to 2023. Profit declined 33% Y-o-Y in 2024 cf with 2023, due to lower CPO prices.

Its net profit margins grew from 8.1% in FY 22 to 9.7% in 24. In 2025, 1H year showed net profit margins of 11.2%.

Its PE from 2022 to 2025: In 2020, its PE was the highest at 31.25. PE shrunk to 14 in 2022. Between 2022 to 2025, its PE ranged from 10 to 14. Its PE today is 14.37.

Its share price had risen from 50 sen in 2021 to RM 2.380 today. Share price has risen due to better earnings (increasing EPS, fundamentals) and also due to PE expansion (from PE 10 to PE 14, sentiment).



Dividends paid fluctuated over the years, though these were higher since 2020. It has paid dividends continuously over the last 17 years.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

How to think about valuation? All intelligent investing is value investing: you try to buy stocks for less thanw hat they are worth.

Here are some valuation ratios you can use:
- P/E
- EY (Earnings yield)
- P/B
- PEG ratio
- FCF yield

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Always buy stocks at a discount

You want to buy a stock at its cheapest possible price and valuation.

The beautiful thing about the stock market is that Mr. Market often acts as a Manic-Depressive. You can use this volatility to your advantage by buying when there is blood running through the streets.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Short term versus long term

Over a one-year period, most stock price fluctuations are driven by changes in valuation. In the long run stock prices are driven by the evolution of the intrinsic value of a company.

This means that in the short term the valuation you pay for a company is very important while in the long term the rate at which a company can grow its earnings per share is the crucial factor.

Posted by Income > 1 month ago | Report Abuse

Prof 3i, is Mikecyc your student? Please share

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Counting my blessings. 🌍

I am blessed with plenty.
Good health: physically and mentally.
Great family and friends.
Financial freedom.
Living in a lovely and safe neighbourhood.
Spiritually fulfilled.

Posted by Sslee > 1 month ago | Report Abuse

Mr. Market often acts as a Manic-Depressive not very true. Mr.Market is actually acting on market supply and demand imbalance.

Many if not all industries/stocks are cyclical in nature with their up and down cycle. Thus timing the cycle is very inportant if you aim to outperform the market.

If you are at rich as Philip then no worry you can continues average down your cost at the down cycle and if you do that long enough then for sure the up cycle will come one day and your stocks start to perform again

But for many of us that is not so rich and can't afford to continues average down while waiting for the up cycle then knowing the market supply and demand imbalance condition will stand you a good chance of buying low and selling high.

By the way Philip Pchem is now on the down cycle ie supply growth outpace the demand growth.

Posted by Sslee > 1 month ago | Report Abuse

Mike-tikus just name-dropping 3i to seek attention and creditability.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

>>>
Posted by Sslee > 7 hours ago | Report Abuse

Mr. Market often acts as a Manic-Depressive not very true. Mr.Market is actually acting on market supply and demand imbalance.

Many if not all industries/stocks are cyclical in nature with their up and down cycle. Thus timing the cycle is very inportant if you aim to outperform the market.

If you are at rich as Philip then no worry you can continues average down your cost at the down cycle and if you do that long enough then for sure the up cycle will come one day and your stocks start to perform again

But for many of us that is not so rich and can't afford to continues average down while waiting for the up cycle then knowing the market supply and demand imbalance condition will stand you a good chance of buying low and selling high.

By the way Philip Pchem is now on the down cycle ie supply growth outpace the demand growth.
>>>>

Short term versus long term

Over a one-year period, most stock price fluctuations are driven by changes in valuation. In the long run stock prices are driven by the evolution of the intrinsic value of a company.

This means that in the short term the valuation you pay for a company is very important while in the long term the rate at which a company can grow its earnings per share is the crucial factor.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Stocks prices do not go relentlessly in a uptrend. Their prices are volatile.

Prices of great companies are likewise volatile in the short term. However, due to their ability to grow their intrinsic values, the stock prices do reflect their fundamentals in the long term.

Posted by Sslee > 1 month ago | Report Abuse

3iii,
Philip holding on Pchem.
What do you think of his investment?
Is he lucky to average down his cost and then unlucky he did not sold more when price was above RM 10?
Is Pchem price volatile?

Market Cap: 42,960 Million
NOSH: 8,000 Million
Avg Volume (4 weeks): 2,441,721
4 Weeks Range: 5.31 - 5.83
4 Weeks Price Volatility (%): 11.54%
52 Weeks Range: 5.28 - 7.38
52 Weeks Price Volatility (%): 4.29%


Date
Type
Shares
Unit Price
Net Amt.
Balance Shares
Realized Gain
Average Cost Per Share
Balance Cost Per Share
04-Jan-2019 Buy +1,495,200 8.18 +12,262,512.84 1,495,200 - 12,262,512.84 8.201 12,262,512.84 8.201
29-Mar-2019 View note Buy +28,000 9.10 +255,751.66 1,523,200 - 12,518,264.50 8.218 12,249,128.50 8.041
06-May-2019 Buy +10,000 8.90 +89,351.55 1,533,200 - 12,607,616.05 8.223 12,338,480.05 8.047
28-May-2019 Buy +10,000 8.45 +84,834.28 1,543,200 - 12,692,450.33 8.224 12,423,314.33 8.050
17-Jul-2019 Buy +15,000 7.91 +119,119.03 1,558,200 - 12,811,569.36 8.222 12,542,433.36 8.049
18-Jul-2019 Buy +500,000 7.62 +3,821,296.50 2,058,200 - 16,632,865.86 8.081 16,363,729.86 7.950
24-Jul-2019 Buy +50,000 7.49 +375,804.78 2,108,200 - 17,008,670.64 8.067 16,739,534.64 7.940
12-Aug-2019 Buy +200,000 7.12 +1,428,400.80 2,308,200 - 18,437,071.44 7.987 18,167,935.44 7.871
29-Aug-2019 Buy +50,000 6.72 +337,191.20 2,358,200 - 18,774,262.64 7.961 18,251,224.64 7.739
29-Aug-2019 Buy +5,000 6.62 +33,231.65 2,363,200 - 18,807,494.29 7.958 18,284,456.29 7.737
02-Sep-2019 Buy +100,000 6.78 +680,200.10 2,463,200 - 19,487,694.39 7.911 18,964,656.39 7.699
05-Feb-2020 Buy +950,000 6.30 +6,002,060.25 3,413,200 - 25,489,754.64 7.467 24,966,716.64 7.314
02-Mar-2020 Buy +580,000 5.20 +3,025,097.20 3,993,200 - 28,514,851.84 7.140 27,752,889.84 6.950
10-Mar-2020 Buy +700,000 4.35 +3,054,182.75 4,693,200 - 31,569,034.59 6.726 30,807,072.59 6.564
20-Mar-2020 Buy +750,000 4.09 +3,076,749.13 5,443,200 - 34,645,783.72 6.364 33,883,821.72 6.224
12-May-2020 Buy +400,000 5.43 +2,178,607.40 5,843,200 - 36,824,391.12 6.302 36,062,429.12 6.171
15-May-2020 Buy +500,000 5.43 +2,723,209.25 6,343,200 - 39,547,600.37 6.234 38,785,638.37 6.114
28-Aug-2020 Buy +550,000 5.48 +3,023,091.30 3,843,200 - 23,555,024.32 6.129 20,833,391.37 5.420
03-Feb-2021 Buy +100,000 6.85 +687,220.75 2,843,200 - 17,500,330.32 6.155 13,868,174.12 4.877
26-Jan-2022 Buy +50,000 8.91 +447,416.40 2,793,200 - 17,332,231.45 6.205 12,322,630.12 4.411
24-Feb-2022 Buy +150,000 9.18 +1,381,855.60 2,933,200 - 18,652,035.52 6.358 13,612,881.32 4.640
24-Aug-2022 Buy +100,000 8.50 +853,380.00 2,933,200 - 18,869,521.77 6.433 12,779,470.12 4.356
13-Feb-2023 Buy +100,000 8.08 +811,262.40 2,933,200 - 19,037,475.78 6.490 12,005,826.52 4.093
28-Mar-2023 Buy +70,000 6.83 +480,157.18 3,003,200 - 19,517,632.96 6.498 12,016,671.70 4.001
25-Mar-2019 Dividend 1,495,200 0.18 -269,136.00 1,495,200 - 12,262,512.84 8.201 11,993,376.84 8.021
13-Aug-2019 Dividend 2,308,200 0.11 -253,902.00 2,308,200 - 18,437,071.44 7.987 17,914,033.44 7.761
26-Feb-2020 Dividend 3,413,200 0.07 -238,924.00 3,413,200 - 25,489,754.64 7.467 24,727,792.64 7.244
07-Sep-2020 Dividend 3,893,200 0.05 -194,660.00 3,843,200 - 23,555,024.32 6.129 20,638,731.37 5.370
24-Feb-2021 Dividend 2,893,200 0.07 -202,524.00 2,843,200 - 17,500,330.32 6.155 13,665,650.12 4.806
24-Aug-2021 Dividend 2,743,200 0.23 -630,936.00 2,843,200 - 17,500,330.32 6.155 13,034,714.12 4.584
07-Dec-2021 Dividend 2,743,200 0.10 -274,320.00 2,743,200 - 16,884,815.05 6.155 11,875,213.72 4.328
11-Mar-2022 Dividend 2,933,200 0.23 -674,636.00 2,933,200 - 18,652,035.52 6.358 12,938,245.32 4.410
08-Sep-2022 Dividend 2,933,200 0.25 -733,300.00 2,933,200 - 18,869,521.77 6.433 12,046,170.12 4.106
13-Mar-2023 Dividend 2,933,200 0.16 -469,312.00 2,933,200 - 19,037,475.78 6.490 11,536,514.52 3.933
06-Sep-2023 Dividend 3,003,200 0.08 -240,256.00 3,003,200 - 19,517,632.96 6.498 11,776,415.70 3.921
09-Jun-2020 Sell -1,000,000 6.90 -6,880,515.00 5,343,200 +645,869.97 33,312,955.34 6.234 31,905,123.37 5.971
10-Jun-2020 Sell -1,000,000 6.89 -6,870,541.50 4,343,200 +635,896.47 27,078,310.30 6.234 25,034,581.87 5.764
11-Jun-2020 View note Sell -1,000,000 6.89 -6,881,496.60 3,343,200 +646,851.57 20,843,665.27 6.234 18,153,085.27 5.429
06-Jul-2020 Sell -50,000 6.88 -342,785.20 3,293,200 +31,052.95 20,531,933.02 6.234 17,810,300.07 5.408
12-Nov-2020 Sell -550,000 6.80 -3,728,889.00 3,293,200 +357,931.63 20,184,066.95 6.129 16,909,842.37 5.134
20-Nov-2020 Sell -550,000 6.80 -3,728,889.00 2,743,200 +357,931.63 16,813,109.57 6.129 13,180,953.37 4.804
06-Oct-2021 Sell -100,000 8.88 -885,180.40 2,743,200 +269,665.12 16,884,815.05 6.155 12,149,533.72 4.428
11-Feb-2022 Sell -10,000 9.20 -91,604.40 2,783,200 +29,552.88 17,270,179.92 6.205 12,231,025.72 4.394
07-Apr-2022 Sell -100,000 10.16 -1,012,155.20 2,833,200 +376,261.45 18,016,141.77 6.358 11,926,090.12 4.209
04-Jan-2023 Sell -100,000 8.55 -851,606.00 2,833,200 +208,297.61 18,

Posted by Sslee > 1 month ago | Report Abuse

If you took out one zero from Pchem price what different between insas and Pchem price cycle?

Note:
Stock: [INSAS]: INSAS BHD
Jun 4, 2023 4:23 PM | Report Abuse

Ular,
Some year back stockraider even win his bet with Philip Insas Vs QL

Now I'm trying to repeat what stockraider has done:

Stock: [INSAS]: INSAS BHD
Apr 8, 2023 11:07 PM | Report Abuse

Since insas is my 50% holding and Pchem is Philip 38% holding.
1 year bet insas RM 0.775 vs Pchem RM 7.50.

The race is on Insas break RM 1.03 or Pchem break RM 10 in 1 year time.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/733418

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Banks likely to see quarterly earnings growth of 8% to 9% y-o-y — CGS

Posted by Philip ( buy what you understand) > 1 month ago | Report Abuse

The difference is simple. Pchem has scale and size and FID behind many new production lines. Currently entire world chemicals is not doing well due to reduction in demand and demand growth is slow to catch up to production. meanwhile pchem margins are far higher than Dow chemicals, formosa chemicals, BASF chemicals and many other majors, meaning pchem is the best performing chemicals company making money during bad economic cycle. Even despite difficulties, they are growing revenues and asset value and cash hoard. Meaning, if they are making money when everyone else is losing money during bad times, guess who will be making money hand over fist during good times?

Insas on the other hand, has been doing their version of fashionvalet with melium group and dome coffee which is not leading to much growth for insas and just relying on inari to cover their inability to grow organically. in the long run, insas will be a value trap, while pchem will be a juggernaut once demand for chemicals have stabilized everywhere.

the big difference is simply: time.

>>>>>>
Posted by Sslee > 1 week ago | Report Abuse

If you took out one zero from Pchem price what different between insas and Pchem price cycle?

Note:
Stock: [INSAS]: INSAS BHD
Jun 4, 2023 4:23 PM | Report Abuse

Ular,
Some year back stockraider even win his bet with Philip Insas Vs QL

Now I'm trying to repeat what stockraider has done:

Stock: [INSAS]: INSAS BHD
Apr 8, 2023 11:07 PM | Report Abuse

Since insas is my 50% holding and Pchem is Philip 38% holding.
1 year bet insas RM 0.775 vs Pchem RM 7.50.

The race is on Insas break RM 1.03 or Pchem break RM 10 in 1 year time

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Summary:
Philip opines PChem is a good company in a cyclical business that is presently undervalued. Its earnings are cyclical and he anticipates big earnings in this sector upturn.

SSLee: Falls in love with Insas because he opines it is deeply undervalued. To him, Insas is a safe investment, low risk due to its very low price to book.

OTOH, Philip thinks Insas is appropriately priced due to its good/gruesome company and poor management, and it is a value trap. It is cheap for a reason and continues to remain cheap for a very very long time.

Posted by Sslee > 1 month ago | Report Abuse

I already sold most of my Insas with good profit.

By the way Philip fall in love with Pchem and did not know PChem is a good company in a cyclical business otherwise he would have sold when price breakthro' the RM 10 and buy back when price on retreat

Posted by qqq47660 > 1 month ago | Report Abuse

In recent days almost everyone is a waste of time, almost everyone lose money, except nation gate ...only share in bursa I am bullish about.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

One of the key traits of successful investors is the ability to be patient and disciplined. The best investment decisions are often those made without trying to time the market or chase short-term trends. The importance of sticking to a long-term plan and not reacting impulsively to market fluctuations

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

The Importance of Critical Thinking:

To avoid being misled by emotions, biases, or social pressures, Housel encourages readers to think critically about their financial decisions. It’s important to question the narratives and stories we hear, especially when they are too good to be true or based on unrealistic expectations.

Posted by Sslee > 1 month ago | Report Abuse

Timing of buying and selling is the most critical decision you need to make if you are not as rich as Philip and want to outperform the market

If you are as rich as Philip then no worry you can continues average down your cost at the down cycle and if you do that long enough then for sure the up cycle will come one day and your stocks start to perform again

Posted by TheContrarian > 1 month ago | Report Abuse

If you can get the timing of buying and selling right, you maximize your overall gains.

Posted by qqq47660 > 1 month ago | Report Abuse

Throughout the year and still is...HK listed EV geely. X peng, byd are fantastics buys.

Posted by calvintaneng > 1 month ago | Report Abuse

This 3iii is unethical in investing in drink stocks and sin stocks

should be called "Dark role of investing


see


https://www.nst.com.my/news/nation/2024/11/1135708/when-i-learnt-my-parents-accident-i-hoped-least-one-them-survived

Posted by Sslee > 1 month ago | Report Abuse

3iii is ethical because he did not misled people into investing in penny stocks like Netx.

Posted by Sslee > 1 month ago | Report Abuse

Is Singapore government unethical and sinful because of legalised gambling, drnking and prostitute?

Posted by qqq47660 > 1 month ago | Report Abuse

Shares like xpeng geely byd is not call gambling. It's just a matter of time

Posted by Philip ( buy what you understand) > 1 month ago | Report Abuse

Posted by Sslee > 6 days ago | Report Abuse

I already sold most of my Insas with good profit.
why should i sell Pchem when it is growing, giving out dividends and in solid net cash position, my holding cost over the years drop to around 3.9 per share. Presently buying more at 4.5, the 2 questions to always ask is this:

1. Sell pchem and buy what over the years? if you need stability and do not require advance risk taking, meaning i need good income every year with zero chance of bankruptcy or loss. Buy what with low risk and high visibility?
2. Pchem is currently one of the only petrochemical companies in the world that is profitable despite the competition and war and slowdown. Korea lotte and titan losing money. BASF is losing money. Dow is losing money. Formosa is barely breaking even. The only decent competition is China which is skirting regulations and not building more. Pchem is not only doing more FID and building new, they are also giving out 50% dividends from profits, and never lost a single cent in the last 5 years. so, i prefer to put money in the company where they are making money while everyone else is losing money. As you said, cycle, when the cycle returns again, i would have added more to my position at 4.5 and getting good comfortable return when the oversupply and competition ends in the next few years after trump and xi start being friends again. when that happens, i wonder what pchem earnings will be like in 2026?
>>>>>>
By the way Philip fall in love with Pchem and did not know PChem is a good company in a cyclical business otherwise he would have sold when price breakthro' the RM 10 and buy back when price on retrea

Posted by Sslee > 1 month ago | Report Abuse

Philip need to learn selling at the top cycle/overvalued and holding cash is not a bad idea.

“When stocks are overvalued, Berkshire's cash piles up because Buffett is finding less and less to buy,” Pollock added. “He's not a market timer. Selling down Apple and having this much cash in a richly valued market is classic Buffett.”

Posted by Desmond12 > 1 month ago | Report Abuse

Investing properly is about doing the proper matters as lots as it is about fending off the incorrect things. And amid all of that, it’s vital to manipulate your temperament so that you’re capable of encouraging yourself to do the proper matters even as they can also sense volatile or unsafe.

Posted by Sslee > 1 month ago | Report Abuse

Early of the year after I sold most of my Insas, I keep 2 milion+ in my trading account and earned interest of 3k+ per month.
No a bad decision to hold cash.

Posted by TheContrarian > 1 month ago | Report Abuse

@MrSslee, you did very well taking profits on Insas. That's how to play the game. You can easily accumulate back Insas now.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

>>>
Posted by Sslee > 2 days ago | Report Abuse

3iii is ethical because he did not misled people into investing in penny stocks like Netx.

>>>>

👍😇

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

>>>
Posted by calvintaneng > 2 days ago | Report Abuse

This 3iii is unethical in investing in drink stocks and sin stocks

should be called "Dark role of investing


see
>>>


Many Muslim friends invest only in syariah compliant stocks. Some don't. My friend does not invest in 'sin stocks': these include alcohol businesses, cigarette businesses and gambling businesses. Many also do invest in these stocks. In the final analysis, each invests based on various personal criterias and personal comfort zones.

My Singaporean friend is "ethical" as he labelled 3iii as "unethical". Of course, from my observations, this is just another dishonest remark by my Singaporean friend. My Singaporean friend spun many stories on so many stocks. All were aimed at getting forum participants interest and participation. However, the few occasions when I did do in depth analysis on my Singaporean friend's activities, my conclusion is that this Singaporean friend is not honest. Often instead of engaging on some intellectual discussion on stocks, the whole engagement turned into a noisy market place, promoting at any costs.

Our Singaporean friend spun an unlikely story on Netx. His side kicked, since disappeared, similarly backed him enthusiastically. How ethical was our Singaporean friend's promotion of Netx, that lasted 2 years? Pity those who believed in his stories (I could not fathom where these stories came from, other than our Singaporean friend's active imagination and verbal diarrhoea) and got sucked into our Singaporean friend's active and "ethical" promotion. Our Singaporean friend believed he found the greatest bargain and sold 8 apartments to invest into the stock. How not to believe his story, given his conviction; he told you so, selling 8 apartments just to invest into this single stock. 😄

A simple heuristic I adhere to always and even up to today: you cannot have a good deal from a dishonest chap. Well, you should know the game you wish to play. Invest in yourself, your education and be independent in your thinking.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Focus on long term compounding.

At age 65 years, Warren Buffett's networth was $3 billion. A lot of his networth came after his 65th birthday.

Our minds are not trained in such way to handle the absurdities of compounding.