|
| |
Overview
Financial Highlight
Headlines
Business Background icapital biz Bhd is a Malaysian closed-end fund. The primary investment objective is a long-term capital appreciation of its investments. The company mainly invests in undervalued companies which are listed on the Main Market of Bursa Malaysia Securities Berhad and the ACE Market of Bursa Securities. It also invests in cash deposits. The revenue generated by the company includes interest income, dividend income, and other income.
  human Malaysia is a recognized trading nation by WTO. Estimate import 294B, export 378B. Example Malaysia main economy driver is E&E, import estimate 45B then value add them before export 79B. 06/08/2024 3:10 PM JohnD0ugh Value investing requires an independent mindset and a long term investment horizon. Value investing is not always in favour and does not always outperform over shorter time periods. Linked to value investing is the fund manager’s decision to hold cash. When bargains are scarce, value investors must be patient and holding at least a portion of one’s portfolio in cash equivalent awaiting future deployment will sometimes be the most sensible option. Warren Buffett views cash as a perpetual call option, according to his biographer Alice Schroeder in her book “The Snowball: Warren Buffett and the Business of Life.” Schroeder says that one of the most important things she learned from many years of studying Buffett is that he perceives cash as a call option with no expiration date or strike price. i Capital.biz Berhad 2Q2018 Report 11/08/2024 4:35 PM  Sslee Have they declared any DVD lately ??? TTB only good at talk the talk but never walk the walk. 12/08/2024 8:32 AM godhand Posted by Sslee > 5 days ago | Report Abuse How can strengthening of RM good for our export oriented economy? its only good thing is if cost is export orientated and your revenue is domestic orientated or u have pricing power but that would require you to be in niche position or high up in export chain 12/08/2024 8:51 AM  calvintaneng INDONESIA WILL OUTPERFORM MALAYSIA IKN NUSANTARA WILL OUTPERFORM PUTRAJAYA See https://www.youtube.com/watch?v=lQZJoJUc370 12/08/2024 9:10 AM JohnD0ugh Value investing is not about timing the stock market or the economy. It is about buying when the price of a stock is attractive compared with its intrinsic value. Often, fund managers do not lack stock picking abilities, rather they are subject to frivolous factors that encourage them to over diversify to protect their jobs and assets under management. As the original promoter and fund manager of icapital.biz Berhad, share owners can be assured that I stick to doing what is the right for all share owners of icapital.biz Berhad, rather than what is right for selected parties. Value investing is something akin to finding a suitable life partner. Just because one is single and getting older does not mean that one should marry anyone. One has to find the right partner whose values one shares with. Similarly we hold cash and wait for the right opportunity to make investments based on our principles. Finding attractive stocks to invest with sufficient margin of safety remains our focus. i Capital.biz Berhad 1Q2018 Report 19/08/2024 12:35 AM Sslee Value investing is not about timing the stock market or the economy. Similarly we hold cash and wait for the right opportunity to make investments based on our principles. If not about timing then hold cash and wait for what? What is right opportunity? The FBMKLCI index hit rock bottom on 19th March 2020 at 1219.72 point (Year range: 1,219.72 - 1,684.58) and prompted Bursa to suspend short selling on March 24 2020. Is FBMKLCI at 1,219.72 on 19th March 2020 the right opportunity? 19/08/2024 8:48 AM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ SSLee Value investing is very much pricing the market/stock, and not timing the market/stock. 22/08/2024 3:56 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Charlie Munger mentioned that he knew of no economist who were fabulously rich based on their predictions of the stock market. iCapital does a lot of analysis of economic activities of many countries and business sectors. This ability probably did not reward its owner(s) as much as collecting the fees from managing assets. 22/08/2024 3:59 PM JohnD0ugh The Investor Day of icapital.biz Bhd is an annual event, created by Tan Teng Boo in 2010 and conducted by Capital Dynamics, aimed solely at educating individual investors about sound investing. It is not a profit-making event, and an individual has to pay a very small commitment fee of only RM80 to attend the whole day event. It is intentionally conducted only in a physical mode. The annual Investor Day, each year costing RM800,000 to 1,000,000, is an unwavering commitment by icapital.biz Bhd and Capital Dynamics to its shareowners, clients and individual Malaysian investors. This year, on 26 and 27 October 2024, we will once again open the doors to a world of investing insights, innovation, and unmatched value at the Kuala Lumpur Convention Centre. The 2023 Investor Day was a grand affair, complete with a trio of tracks designed to cater to varying levels of investment experience, showcasing our relentless dedication to investor education. This year, prepare for another unique experience with two carefully curated tracks and an additional half-day special talk on Saturday, 26th Oct 2024 designed to cater to different investment interests. It is evident that icapital.biz Berhad is not just a financial entity but a pioneering force in the investment world. With its innovative approaches and unwavering commitment, it shall continue to set benchmarks in investor engagement and corporate integrity. To all who are loyal in supporting our cause, know that you are part of something truly exceptional. Together, we are not merely investing; we are shaping a future where individual investors are empowered, educated, and respected. Over the years, icapital.biz Berhad stands unparalleled - a gem so precious that it is irreplaceable. icapital.biz Berhad has thrived not through sheer size or extravagance but through an unswerving dedication to sound investing. The annual Investor Day, a hallmark of this dedication, embodies the very essence of what makes it exceptional. The best stock to invest in is still icapital.biz Berhad. It is no wonder that Tan Teng Boo’s tireless efforts have earned him recognition from the University of Technology Sydney (UTS) as an Adjunct Professor; the first Malaysian to receive such an honour, no less. Register now at https://events.icapital.biz and start or continue your journey of being educated on sound investing. Register so that you, your family, your friends and colleagues are among those who benefit from this truly unique investing opportunity. i Capital Newsletter Volume 36 Issue 5 26/08/2024 12:32 AM MG9231 Reasons why Closed Funds IPO collapsed and because illiquid and only benefited to the fund managers the most 26/08/2024 7:45 AM CharlesT The annual Investor Day, each year costing RM800,000 to 1,000,000, is an unwavering commitment by icapital.biz Bhd and Capital Dynamics to its shareowners, clients and individual Malaysian investors. Every year u wasted so much money to talk cock (such as predicting KLCI will hit 600 points (or 800??) and plays God for the past 10 to 15 years? And still got so many idxxts spend their RM80 n precious time to attend so???? WTF??????? 26/08/2024 9:33 AM Sslee If you are icap shareholder please ask TTB where is his promised innovative dividend for icap shareholders. ICap's dividend policy will not only be subject to market and economic conditions, but also its value investing investment philosophy, it said. “It will be formulated as such – a base rate of 1% of the NAV per share, plus 8% of the difference between ICAP's share price and NAV. 3 Oct 2023 26/08/2024 10:03 AM JohnD0ugh Value investing is not about timing the stock market, a fundamental point that many, many subscribers and investors are still confused with. Value investing is about valuing businesses and stocks appropriately and then patiently waiting to buy or sell. For many years in the past, Tan Teng Boo held plenty of cash for icapital.biz Berhad. As Charlie Munger counselled : “The big money is not in the buying and the selling, but in the waiting.” For those who want to learn more or to be reminded about value investing and at the same time discover solid investing opportunities, the 2024 Investor Day of icapital.biz Bhd to be held on 26th and 27th Oct 2024 is the perfect occasion to do so. Conducted in a highly efficient manner at the KLCC and at a super cheap price, attending the Investor Day is an excellent way for investors to remind themselves that they have to be highly disciplined in order to succeed. No short cut. This annual event, created by Tan Teng Boo in 2010, is aimed solely at educating individual investors about sound investing. Register now and start or continue your journey of being educated on sound investing. Register so that you, your family, your friends and colleagues are among those who will benefit from this truly unique investment event. i Capital Newsletter Volume 36 Issue 6 01/09/2024 10:49 PM FastMoney666 iCAP NAV 5-Sept-2024 $ 3.88 iCAP Share Price 6-Sep-2024 $ 3.17 Discount = 18% For a long time, we didn't see iCap discounts get less than 20%.....Congratulations to the fund manager. This narrowing discount thanks to its NAV drop from all time high $4.47(- 13%). His star performers like SAM and Padini had very bad quarterly results contributed to the sharp price downward shift. Questions: will its NAV continue to drop and will the recent bull buyers get disappointed and move its share price down? Perhaps the bulls won't throw in their towels --- if NAV continues to drop, we may see its share price may even traded for a premium. 😎 08/09/2024 10:14 AM JohnD0ugh Successful long-term value investing requires a few factors. Be Patient. Wait for the right stock at the right price to buy. Top-down/market timers would wait for the right time instead. When opportunities emerge, patient investors are the best prepared, as they always have cash on hand. Keep Compounding. Long term value investing works because of the power of exponential growth or compounding and this requires patience and discipline. Go Against Conventional Wisdom. Be fearful when others are greedy. As Sun Tzu said, prepare for war in times of peace. Think and Act Independently. Be confident enough to be able to think and act without needing affirmation from others or the market on one's investment decisions. Require a Margin of Safety. Having a sufficient margin of safety is vital as it means that mistakes, which are inevitable, will not be permanently damaging. For long-term value investors, remember what Mark Twain famously wrote : "October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." i Capital.biz Berhad 2Q2017 Report 08/09/2024 11:24 AM Sslee Look like Sam has many more rooms to drop. And by the way someone push up Sam price on 30 Aug 2024 so that icap quarter end 31 Aug 2024 will still look good. Date Open Range Close Change Volume 06/09/2024 4.33 4.16 - 4.33 4.19 -0.14 (3.23%) 456,900 05/09/2024 4.52 4.32 - 4.58 4.33 -0.12 (2.70%) 1,121,700 04/09/2024 4.62 4.29 - 4.67 4.45 -0.23 (4.91%) 3,528,900 03/09/2024 4.61 4.57 - 4.72 4.68 +0.08 (1.74%) 2,263,300 02/09/2024 4.95 4.48 - 4.95 4.60 -0.75 (14.02%) 6,995,900 30/08/2024 5.07 5.07 - 5.43 5.35 +0.28 (5.52%) 1,276,700 29/08/2024 5.10 4.94 - 5.11 5.07 -0.08 (1.55%) 1,829,100 08/09/2024 1:08 PM FastMoney666 >>>"Posted by JohnD0ugh > 2024-05-12 12:52 | Report Abuse What will be the target price of icapital.biz Berhad 3 to 5 years from now ? There are two possible positive outcomes. [1]. Assume NAV of icapital.biz Berhad doubling from RM3.93 – to around RM7.86 in 5 years. If its share price equals the NAV of RM7.86 then, it will rise by RM4.81 or 158% from RM3.05 nowadays. If its share price then trades at a say a conservative 10% premium to its NAV, as the Malaysian stock market will then be in a bullish mood, its share price will equal to RM8.65 – a rise of RM5.60 or 184% from RM3.05 now. [2]. The NAV of icapital.biz Berhad has in the past outperformed the KLSE by 6 percentage points per annum. So, if this pattern repeats and the KLCI doubles in 5 years, the NAV of icapital.biz Bhd in 5 years’ time will be RM10.19. Assume its share price trades at a 10% premium to its NAV, the share price of your Fund will trade at RM11.21 – a jump of RM8.16 or 267% from RM3.05 nowadays. In short, the expected share price of icapital.biz Berhad in 3 to 5 years’ time will double to either RM7.86 or rally to RM11.21, a gain of RM8.16. The above performance has not included potential contribution from the dividend policy of icapital.biz Berhad. In the past, when nearly all the shareowners of icapital.biz Berhad were individuals, its share price traded at a premium to its NAV. In the coming years, I pray that this can be repeated so that your Fund can finally restore its real value. In that context, I would like to make a plea to the few recalcitrant investors (for the lack of a better term to describe them) not to act disruptively and destructively. i Capital.biz Berhad 3Q2024 Report" 09/09/2024 8:27 AM FastMoney666 Re-quote above past post -- by right iCap cannot make such bold statements. It's almost like a company giving forecast for their company Sales, Profitability, EPS or NAV growth. Such statements from someone who is holding such an important position akin like coming from the mouth of a CEO could influence movement of its share price. It should be prohibited. I believe many people who bought at 3.30-3.40 will certainly think/anchored the NAV RM 8 will come true by 2029. 09/09/2024 8:33 AM CharlesT Posted by ks55 > 1 minute ago | Report Abuse Don't trust TTB He is getting management fees by sleeping I beg to differ. He tried his best to negotiate for the best FD rates for his investors for the past many years. Have to give him credit for that. 09/09/2024 8:49 AM CharlesT The man did his best.... Besides sleeping n writing lengthy essays with a lot of statistic..... though nobody bothers to read lah 09/09/2024 8:55 AM Sslee What statistic? If you put your money in EPF most likely your are better off by now. 09/09/2024 10:10 AM FastMoney666 Bursa has some guidelines regarding promotional Paragraph/Rule 9.12(1) of the LR states that a listed issuer/corporation must refrain from promotional disclosure activity in any form whatsoever or howsoever which may mislead investors or cause unwarranted price movement and activity in a listed issuer’s/ corporation’s securities. ➢ Paragraph/Rule 9.12(2) of the LR states that such activity includes news releases, public announcements, predictions, reports or advertisements which are – (a) not justified by actual developments concerning a listed issuer/ corporation; (b) exaggerated; (c) flamboyant; (d) overstated or (e) over-zealous. https://www.bursamalaysia.com/sites/5d809dcf39fba22790cad230/assets/65d83fa5e6414a1d4b27dd65/3._Other_Disclosure_Breaches__clean___1_.pdf If you read the case study Company I was reprimanded and two of Executive Directors were fined $100,000 each. 09/09/2024 2:32 PM Sslee Can I quote below to report TTB to Bursa SC so that actions can be taken against him for violation of Bursa rule and regulation: Paragraph/Rule 9.12(1) and Paragraph/Rule 9.12(2) Or do I need to wait till next 2 to 4 years if KLCI did not hit 2,500 - 3,000 points? Despite a turbulent environment, icapital.biz Berhad has again achieved a very strong performance with its share price outperforming the MSCI Malaysia in US$ by a huge margin. The share price of icapital.biz Berhad has also outperformed the S&P 500 and NASDAQ, two top performing indices dominated by AI stocks like Nvidia, Meta, etc , in US$ in the same 1-year period. This very strong performance of icapital.biz Berhad is a result of your Fund Manager and Designated Person patiently and deliberately sticking to its time-proven Bamboo value investing philosophy, despite being continuously harassed by one or two foreign wrecking balls. If my 2023 prediction that the KLCI will hit 2,500-3,000 points in the next 3 to 5 years’ time come true, the price performance of icapital.biz Berhad will be very hard to beat, especially when you factor in the extra return from a possible discount swing to a premium. i Capital.biz Berhad 4Q2024 Report 09/09/2024 2:55 PM FastMoney666 @SSLee.... >>>>>Can I quote below to report TTB to Bursa SC so that actions can be taken against him for violation of Bursa rule and regulation: Paragraph/Rule 9.12(1) and Paragraph/Rule 9.12(2) Or do I need to wait till next 2 to 4 years if KLCI did not hit 2,500 - 3,000 points?>>>> This is equivalent to saying if Trump wins the US election, I will shave my head! A promise. Of course, promises can be easily broken, and cannot be sued for specific performance. However if you feel strongly and want to file a complaint, this is the link https://www.bursamalaysia.com/contact_us/other_complaints 😎 10/09/2024 8:08 AM Sslee By 2 Oct 2024 if icap do not announce any dividend then I will make official complant to Bursa SC to take actions against TTB for violation of Bursa rule and regulation: Paragraph/Rule 9.12(1) and Paragraph/Rule 9.12(2) The innovative dividend policy, which is subject to market and economic conditions and ICAP's value investing investment philosophy, is formulated as follows: a Base Rate of 1% of the NAV per share, plus 8% of the difference between ICAP's share price and NAV. This additional 8% is referred to as the Top-up Rate. 2 Oct 2023 10/09/2024 9:06 AM 4dview For those iCap investors who are waiting in ernest for the “innovative dividend”, please be aware of the proviso as stated by SsLee above:- “The innovative dividend policy, which is subject to market and economic conditions and ICAP's value investing investment philosophy, is formulated as follows: a Base Rate of 1% of the NAV per share, plus 8% of the difference between ICAP's share price and NAV. This additional 8% is referred to as the Top-up Rate.” That means, if iCap’s board of directors think that the market and economic conditions and iCap’s value investing philosophy do not warrant the dividend, there can be no dividend. 10/09/2024 4:59 PM JohnD0ugh This impersonation free-for-all has already been going on for a few years now and many Malaysians remain easily tempted by quick money scams and the authorities appearing unable or unwilling to tackle this illegal activity. In the meantime, the real Tan Teng Boo keeps being victimised. He lodged his first police report in 2021. One of the two Malaysians conned in the latest scam is a wealthy 70-year old Malay businessman who apparently lost millions in the said scam. The impersonator promised this unbelievably greedy old man to double his millions in a month based on some false initial public offerings (IPO). Apparently, the said greedy victim was asked to transfer his wealth to a bank account with a name containing “XXXX Cleaning Services Sdn Bhd”. Transferring one’s money to “Cleaning Services” ? No wonder the 70-year old man kena cuci. What is most demoralising and disappointing to Tan Teng Boo is that Capital Dynamics has purposely been offering all kinds of investment products and services to individual investors at very cheap prices with the aim of educating them about sound investing. The world class www.icapital.biz is offered to investors at only RM49 per year with the full colour printed version at RM99 per year, and with each weekly issue delivered to your house or office. The annual Investor Day of icapital.biz Bhd costs only RM80 for a whole day top-class investment event on 26th and 27th Oct at the KLCC. Then, Teng Boo intentionally launched icapital.biz Berhad in 2005 and manages it so that individual investors can have the opportunity to invest in a high-quality investment at very low transaction costs. It can be so maddening when it can be so difficult to get someone to pay a mere RM49 or RM99 to subscribe to www.icapital.biz or to “take the trouble” to attend the Investor Day. Yet it can be so easy for people to transfer large sums of their own money to a bank account with a name of “Cleaning Services”. What is wrong with this world ? Does it have to be so paradoxical ? Why are people so short-term focused and yet want to live a long life ? i Capital Newsletter Volume 36 Issue 7 15/09/2024 11:02 AM Sslee The world class www.icapital.biz is offered to investors at only RM49 per year with the full colour printed version at RM99 per year, and with each weekly issue delivered to your house or office. Do this mean OTB beat TTB hands down since OTB charged his subscribers RM 1,000 per year? 15/09/2024 11:23 AM TheContrarian Long, long time ago I was a subscriber to its newsletter. After a few weeks they stopped mailing to me. It's a scam after all. 15/09/2024 7:24 PM JohnD0ugh In i Capital dated 25 Jul 2024, we shared the experience of one discretionary account managed by Capital Dynamics Asset Management Sdn Bhd (CDAM). This client started with RM250,000 in 1998 and from 2004 to 2006, added another RM430,000. CDAM made so much money for this discretionary client that from 2009 to 2015, the client withdrew RM3.600 mln and this client still has over RM1.000 mln in her account. In this issue of i Capital, we share the experience of another discretionary client of CDAM. The client started with CDAM in end 1998 with RM400,000. Then, from 2010 to 2022, the client withdrew a total of nearly RM3.000 mln and now, his discretionary account still has over RM3.400 mln. Our performance speaks for itself. In Feb 1999, another client opened a discretionary account with CDAM with about RM500,000. From 2004 to 2008, the client made additional investments and withdrew some, resulting in a net investment sum of only RM159,000. When the client closed the account in 2012 to migrate to Australia, CDAM had grown this discretionary account to RM5.129 mln. All the above performance figures are real. No scams. Yet, how many will go for doubling your money in a month as opposed to doubling within 5 to 8 years ? Investing successfully is actually pretty straightforward. Besides having the appropriate investment philosophy and time horizon, patience and discipline are needed. All discretionary accounts managed by CDAM are for the long term; no such nonsense as doubling your money within a month. If it is so easy, Tan Teng Boo would have retired a long time ago and just managed his own money. i Capital Newsletter Volume 36 Issue 7 22/09/2024 1:02 PM Sslee If the above feel good/rich story applied to majority of clients account managed by Capital Dynamics Asset Management Sdn Bhd (CDAM) then by now TTB should be one of the richest man in Malaysia if not the world like Warren Buffett. 22/09/2024 3:20 PM Sslee All the above performance figures are real. No scams. Yet, how many will go for doubling your money in a month as opposed to doubling within 5 to 8 years ? If TTB can doubling within 7 years then icapital inception in 2005 if you invest 1,000 in 2005 then your investment should became RM 2,000 in year 2012, RM 4,000 in year 2019 and RM 8,000 in year 2026. So can I reasonably expect icapital 8X by year 2026? 22/09/2024 3:36 PM Sslee Do you mean TTB can't even doubling icapital every 7 years? Then why TTB called himself Warren Buffett of Malaysia? 24/09/2024 8:33 AM CharlesT U can call yourself WB of Klang or Superinvestor of the Universe if U want..... Kaki kong kaki song FOC one 24/09/2024 10:24 AM Najib Zamry I still trust Icapital will announce good dividend by end of this month 24/09/2024 9:54 PM  | |
