Highlights

Trading With A View

Author: tradeview   |   Latest post: Thu, 19 Oct 2017, 02:53 PM

 

(Tradeview 2017) - Monthly Report Card (As at 6th October)

Author: tradeview   |  Publish date: Thu, 19 Oct 2017, 02:53 PM   |  >> Read article in Blog website


Image result for report


Dear fellow traders / investors,

As in the past years, I will be continuing the practice of recording my calls for the public. The report will show the monthly record for year 2017. The purpose is for transparency and accountability. This is the updated results as of end of Sept. 

For those keen to be a subscriber, there are several links below





This is just a simple periodical report to keep track of the progress of my picks for readers. Feel free to cross check my public comments / article posting date as reference for the calls. Some are calls, some are articles on value picks but all are documented.
_________________________________________________________________________ 

*The picks from when it was call until 6th October  2017 : (Gains exclude div) 

1. Poh Huat - Called on 23 December @ RM 1.73 vs Present RM 1.91 (11% Gain) 

2. Allianz - Called on 7th Jan @ RM 10.18 vs Present RM 14.10 (38.5% Gain) 

3. EG Industries - Called on @ 9th Jan RM 0.76 (Post RIghts + Bonus) vs Present RM 0.715 (-6% Loss) 

4. CCK Consolidated - Called on @ 23rd January RM 0.645 vs Present RM 1.02 (58% Gain) 

5. Magnum - Called on @ 23rd January RM 2.10 vs Present RM 1.79 (-15% Loss) 

6. Paramount Corporation Bhd - Called on @ 1st March RM 1.65 vs Present RM 1.73 (4.8% Gain) 

7. Scope Industries Bhd - Called on @ 3rd March RM 0.155 vs Present RM 0.225 (45% Gain) 

8. Kronologi Asia Bhd - Called on @ 15th April RM 0.35 vs Present RM 0.98 (280% Gain) 

9. Red Sena Bhd - Called on @ 7th May RM 0.45 vs Present RM 0.455 (1% Gain) 

10. Peterlabs Holding Bhd - Called on @ 20th May RM 0.285 vs Present RM 0.32 (3.5% Gain) 

11. KSSC Corporation Bhd - Called on @ 19th August RM 0.52 vs Present RM 0.49 (-8% Loss) 


Our Average Portfolio Gain Year-To-Date (Based on equal shareholding & excluding dividend gain) : 37.52% Gain beating the KLCI Index Return of 7.45%  


*** In fairness, I excluded Magni and Yee Lee as both were 2016 Value Picks & MFCB and Jaks as called Nov / Dec 2016

As of now, it is 8/11 winners against losers. Should you are keen to follow my trades, there are 4 ways to follow Tradeview Group. I usually share my calls with :

1. Private Exclusive Subscribers first
2. Website / Blog / Facebook second
3. Telegram Public Channel third
4. Forum last 

If you are keen to have the earliest possible call picks or FA/TA coaching or value investing guidance or to be private exclusive subscriber, feel free to contact me at tradeview101@gmail.com to sign up. Thanks. 

Regards, 

Tradeview 

**Some counters I may have spotted at lower entry price but I displayed the call price based on my first mention in public forums. Also, of all the counters above, some counters I have taken profit, some are still holding, some I have cut loss. My private subscribers would know. 
  Be the first to like this.
 

(Tradeview 2017) - Monthly Report Card (As at 31st August)

Author: tradeview   |  Publish date: Sat, 2 Sep 2017, 09:19 PM   |  >> Read article in Blog website


Image result for report


Dear fellow traders / investors,

As in the past years, I will be continuing the practice of recording my calls for the public. The report will show the monthly record for year 2017. The purpose is for transparency and accountability. This is the updated results as of end August. 

For those keen to be a subscriber, there are several links below





This is just a simple periodical report to keep track of the progress of my picks for readers. Feel free to cross check my public comments / article posting date as reference for the calls. Some are calls, some are articles on value picks but all are documented.
_________________________________________________________________________ 

*The picks from when it was call until 31st August 2017 : (Gains exclude div) 

1. Poh Huat - Called on 23 December @ RM 1.73 vs Present RM 1.86 (7.6% Gain) 

2. Allianz - Called on 7th Jan @ RM 10.18 vs Present RM 14.50 (42.4% Gain) 

3. EG Industries - Called on @ 9th Jan RM 0.865 vs Present RM 0.78 (-9.4% Loss) 

4. CCK Consolidated - Called on @ 23rd January RM 0.645 vs Present RM 0.975 (51% Gain) 

5. Magnum - Called on @ 23rd January RM 2.10 vs Present RM 1.90 (-9.6% Loss) 

6. Paramount Corporation Bhd - Called on @ 1st March RM 1.65 vs Present RM 1.80 (9% Gain) 

7. Scope Industries Bhd - Called on @ 3rd March RM 0.155 vs Present RM 0.215 (38.7% Gain) 

8. Kronologi Asia Bhd - Called on @ 15th April RM 0.35 vs Present RM 1.04 (297% Gain) 

9. Red Sena Bhd - Called on @ 7th May RM 0.45 vs Present RM 0.45 (0% Gain) 

10. Peterlabs Holding Bhd - Called on @ 20th May RM 0.285 vs Present RM 0.325 (17.5% Gain) 

11. KSSC Corporation Bhd - Called on @ 19th August RM 0.52 vs Present RM 0.49 (-5.8% Loss) 


Our Average Portfolio Gain Year-To-Date (Based on equal shareholding & excluding dividend gain) : 39.85% Gain beating the KLCI Index Return of 8.01%  


*** In fairness, I excluded Magni and Yee Lee as both were 2016 Value Picks & MFCB and Jaks as called Nov / Dec 2016

As of now, it is 8/11 winners against losers. Should you are keen to follow my trades, there are 4 ways to follow Tradeview Group. I usually share my calls with :

1. Private Exclusive Subscribers first
2. Website / Blog / Facebook second
3. Telegram Public Channel third
4. Forum last 

If you are keen to have the earliest possible call picks or FA/TA coaching or value investing guidance or to be private exclusive subscriber, feel free to contact me at tradeview101@gmail.com to sign up. Thanks. 

Regards, 

Tradeview 

**Some counters I may have spotted at lower entry price but I displayed the call price based on my first mention in public forums. Also, of all the counters above, some counters I have taken profit, some are still holding, some I have cut loss. My private subscribers would know. 
  4 people like this.
 

(Tradeview 2017) Value Pick No. 10 : KSSC Bhd. (5192)

Author: tradeview   |  Publish date: Sat, 19 Aug 2017, 10:55 AM   |  >> Read article in Blog website



Dear fellow readers, 

This is my No. 10 Value Pick for 2017. 

Once again, these writings are just my humble highlights (not recommendation), feel free to have some intellectual discourse on this. You can reach me at :


Website / Blog : http://www.tradeview.my/

or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com
_____________________________________________________________________________

Value Pick No. 10: K. Seng Seng Corporation Bhd. (Initial Valuation RM 0.68) 


KSSC is a small cap company that has been on our radar for a long time. Even since their IPO, we already liked this company. Of course, since their IPO back in 2010 until now, it has been facing declining profit margins and sideways growth in revenue. This was why we were not too bothered. However, since bottoming out in 2015, KSSC started to slowly improve their earnings specifically their profit margin. This past year, KSSC showed very good improvement YoY as well As QoQ. Even during the weakest 1Q, they managed to deliver profit of RM1.5 million on the back of RM24 mil revenue. 





KSSC checks our boxes in terms of many fundamental metrics indicator. Let me show you all one by one. The improvement can be seen in the past 1 year through the topline and bottomline simultaneously which is quite comforting. This potentially is due to fall in the raw material price which improved the margin. Of course the improvement in sales purchase orders also helped with the topline. So this is not purely a margin gain.




We also like KSSC because it is a net cash company with strong balance sheet. The market cap of KSSC is RM 52 million yet cash holding amount close to RM15 million and doubled YoY. 






This also led to steady increase in dividend distributed back to reward shareholders. Only downside is dividend declared is once a year which is what we dont like about KSSC.




KSSC is actually a hardware trading and distribution company more than anything else. Some say it is a building material company, some say it is a steel company which are common misconception. Actually it is also because the company does not have an official website or Investor Relations page. Hence it is quite an under the radar company away from the limelight. But this is exactly the kind of company we like to look at. Here you can see the main revenue contributors are the stainless steel,  marine hardware and industrial hardware segment.





The management also clearly shared their business improvement due to lower cost of sales and increased in sales orders following the renewal with existing company as well as new orders. Of course there is a dip in the engineering works segment. However, from the message in the annual report, it would seem that this work in progress may commence contribution soon. If that happens, KSSC will perform even better moving forward. 






Despite the improvement in revenue and profit, the valuation of KSSC is currently undemanding. In fact, we deem it undervalued. The NTA is 81 sens, with a DY of 2.8% coupled with net cash close to 0.28 per share and at current share price of 52 sens, the PER is only 9x. We deem the fair valuation to be at 12.5x multiple taking into account of the DY and net cash position plus improvement in topline. As such, our initial valuation of KSSC would be 68 sens. Looking at the chart, the share price is at a healthy level for entry as well.  Barring unforeseen circumstances, we like KSSC as our next value pick. 





________________________________________________________________________________

Telegram channel : https://telegram.me/tradeview101

Website / Blog : http://www.tradeview.my/

Facebook : https://www.facebook.com/tradeview101/or 

Email me to sign up as private exclusive subscriber : tradeview101@gmail.com

Food for thought: 
Image result for good stock market quotes

Labels: KSSC
  5 people like this.
 

(Tradeview 2017) - Monthly Report Card (As at 30th July)

Author: tradeview   |  Publish date: Sun, 30 Jul 2017, 05:06 PM   |  >> Read article in Blog website


Image result for report


Dear fellow traders / investors,

As in the past years, I will be continuing the practice of recording my calls for the public. The report will show the monthly record for year 2017. The purpose is for transparency and accountability. This is the updated results as of end July. 

For those keen to be a subscriber, there are several links below





This is just a simple periodical report to keep track of the progress of my picks for readers. Feel free to cross check my public comments / article posting date as reference for the calls. Some are calls, some are articles on value picks but all are documented.
_________________________________________________________________________ 

*The picks from when it was call until 30th July 2017 : (Gains exclude div) 

1. Poh Huat - Called on 23 December @ RM 1.73 vs Present RM 1.93 (11.6% Gain) 

2. Allianz - Called on 7th Jan @ RM 10.18 vs Present RM 14.66 (44% Gain) 

3. EG Industries - Called on @ 9th Jan RM 0.865 vs Present RM 0.83 (-4.1% Loss) 

4. CCK Consolidated - Called on @ 23rd January RM 0.645 vs Present RM 0.92 (42.6% Gain) 

5. Magnum - Called on @ 23rd January RM 2.10 vs Present RM 1.73 (-17.7% Loss) 

6. Paramount Corporation Bhd - Called on @ 1st March RM 1.65 vs Present RM 1.80 (9% Gain) 

7. Scope Industries Bhd - Called on @ 3rd March RM 0.155 vs Present RM 0.235 (51.6% Gain) 

8. Kronologi Asia Bhd - Called on @ 15th April RM 0.35 vs Present RM 0.71 (102% Gain) 

9. Red Sena Bhd - Called on @ 7th May RM 0.45 vs Present RM 0.455 (1.1% Gain) 

10. Peterlabs Holding Bhd - Called on @ 20th May RM 0.285 vs Present RM 0.345 (21% Gain) 


Our Average Portfolio Gain Year-To-Date (Based on equal shareholding & excluding dividend gain) : 26.11% Gain beating the KLCI Index Return of 7.64%  


*** In fairness, I excluded Magni and Yee Lee as both were 2016 Value Picks & MFCB and Jaks as called Nov / Dec 2016

As of now, it is 8/10 winners against losers. Should you are keen to follow my trades, there are 4 ways to follow Tradeview Group. I usually share my calls with :

1. Private Exclusive Subscribers first
2. Website / Blog / Facebook second
3. Telegram Public Channel third
4. Forum last 

If you are keen to have the earliest possible call picks or FA/TA coaching or value investing guidance or to be private exclusive subscriber, feel free to contact me at tradeview101@gmail.com to sign up. Thanks. 

Regards, 

Tradeview 

**Some counters I may have spotted at lower entry price but I displayed the call price based on my first mention in public forums. Also, of all the counters above, some counters I have taken profit, some are still holding, some I have cut loss. My private subscribers would know. 
  2 people like this.
 

(Tradeview 2017) - Monthly Report Card (As at 30th June)

Author: tradeview   |  Publish date: Sat, 1 Jul 2017, 01:27 PM   |  >> Read article in Blog website


Image result for report


Dear fellow traders / investors,

As in the past years, I will be continuing the practice of recording my calls for the public. The report will show the monthly record for year 2017. The purpose is for transparency and accountability. This is the updated results as of end June. 

For those keen to be a subscriber, there are several links below





This is just a simple periodical report to keep track of the progress of my picks for readers. Feel free to cross check my public comments / article posting date as reference for the calls. Some are calls, some are articles on value picks but all are documented.
_________________________________________________________________________ 

*The picks from when it was call until 30th May 2017 : (Gains exclude div) 

1. Poh Huat - Called on 23 December @ RM 1.73 vs Present RM 1.95 (12.7% Gain) 

2. Allianz - Called on 7th Jan @ RM 10.18 vs Present RM 12.90 (26.7% Gain) 

3. EG Industries - Called on @ 9th Jan RM 0.865 vs Present RM 0.815 (-9.4% Loss) 

4. CCK Consolidated - Called on @ 23rd January RM 0.645 vs Present RM 0.87 (34.9% Gain) 

5. Magnum - Called on @ 23rd January RM 2.10 vs Present RM 1.73 (-17.7% Loss) 

6. Paramount Corporation Bhd - Called on @ 1st March RM 1.65 vs Present RM 1.84 (11.5% Gain) 

7. Scope Industries Bhd - Called on @ 3rd March RM 0.155 vs Present RM 0.22 (41.9% Gain) 

8. Kronologi Asia Bhd - Called on @ 15th April RM 0.35 vs Present RM 0.565 (61.4% Gain) 

9. Red Sena Bhd - Called on @ 7th May RM 0.45 vs Present RM 0.45 (0% Gain) 

10. Peterlabs Holding Bhd - Called on @ 20th May RM 0.285 vs Present RM 0.32 (12.2% Gain) 


Our Average Portfolio Gain Year-To-Date (Based on equal shareholding & excluding dividend gain) : 17.42% Gain beating the KLCI Index Return of 7.43%  


*** In fairness, I excluded Magni and Yee Lee as both were 2016 Value Picks & MFCB and Jaks as called Nov / Dec 2016

As of now, it is 7/10 winners against losers. Should you are keen to follow my trades, there are 4 ways to follow Tradeview Group. I usually share my calls with :

1. Private Exclusive Subscribers first
2. Website / Blog / Facebook second
3. Telegram Public Channel third
4. Forum last 

If you are keen to have the earliest possible call picks or FA/TA coaching or value investing guidance or to be private exclusive subscriber, feel free to contact me at tradeview101@gmail.com to sign up. Thanks. 

Regards, 

Tradeview 

**Some counters I may have spotted at lower entry price but I displayed the call price based on my first mention in public forums. Also, of all the counters above, some counters I have taken profit, some are still holding, some I have cut loss. My private subscribers would know. 
  3 people like this.
 

(Tradeview 2017) - The Fallacy of Money Game VS Hard Work

Author: tradeview   |  Publish date: Sun, 11 Jun 2017, 02:53 PM   |  >> Read article in Blog website


Image result for money games malaysia


Dear fellow readers, 

Once again, these writings are just my humble highlights (not recommendation), feel free to have some intellectual discourse on this. You can reach me at :


Telegram channel : https://telegram.me/tradeview101

Website / Blog : http://www.tradeview.my/

Facebook : https://www.facebook.com/tradeview101/

or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com

_____________________________________________________________________________

We have received several emails by our avid readers. They have been asking how come we have not written in awhile on financial advice articles. It is true, our latest two articles was on Peterlabs as Value Pick of 2017 and May Monthly Report Card, we have not been posting any articles. There is a reason for this, and it is because of the surge in fake rumours, promotional articles and fake publicity, we do not wish to be associated with these parties, hence reduced our writing. However, due to the recent proliferation on  "Money Game" victims, we feel it is necessary for us to share our views on this as a to provide caution to the general mass. 


Image result for money games malaysia

By now, I think most people are familiar with JJPTR. They used the premise that their goal is to save the poor and help the public attain wealth. Instead it is a total conjob and scam. My question is, why would anyone fall for this? How can anyone in the world believe these people's nonsense? 

Image result for robin hood


The picture above is Robin Hood. For those who are not familiar, Robin Hood is a folk hero of Sheffield who helped the poor by robbing from the rich during Prince John's reign in the absence of King Richard who was off on to war. People were suffering due to low income, high tax, starvation etc. Come to think of it, while Malaysia is not that bad, fact of the matter is, for the past few years, income of the people have been stagnant while inflation is high (property, car, food etc), GST was imposed,  weak MYR and many others. Hence, many people started to think of alternative ways to increase their income such as driving Grab or Uber, teaching tuition, working 2-3 extra jobs / shifts etc. These are the hardworking, honest and grounded individuals. 

Image result for grab vs uber  

Others turn to "Get Rick Quick Schemes",  speculating in the share market, FOREX and all. Is it wrong wanting to invest in the share market? No. However, speculating in the share market thinking it will lead you to wealth and prosperity or putting your money in schemes and expecting more than 100% return in 1 year for doing absolutely nothing is a huge mistake. 

We often hear, ordinary salarymen will never be rich except the few who reach the top of the corporate ladder. Only way to get out of the rat race is to invest wisely. We too believe in this adage, which is why we often advocate the right way of investing. NOT speculating. The situation has been getting out of hand in the past few months with many Telegram channels, groups, articles promoting lousy goreng stocks and misleading the public into investing in these counters. Many of these groups have their ulterior motives. Yet, over and over, people still fall for these.

Hence, we would like to share with you all few simple points to remember in avoiding avoid these pitfalls in your investment journey. 

Image result for buffett soros


1. 20% Per Annum Return 

This is very important number. Two of the most successful investors in the world today Warren Buffet and George Soros have been successful because they have delivered an average portfolio return to their clients 20% per annum over a long duration. It does not mean they deliver 20% every year but in the course of the entire investment timeline, their average is so. They are also respected not because of the return % but because of their consistency. So if anyone comes to tell you that they can give you 20% return in 1 month, it is a RED FLAG for it being SCAM. Stay away and do not look back. All enquirers and subscribers who ask Tradeview team if we can assure them 20% return, our reply will be, a good fund manager would be very happy with above 10% portfolio return per annum. Anything above is a bonus. 

Image result for IWCITY


2. Buy on Rumour, Sell on News

We are quite sure everyone of you all have heard this phrase before. We do not dispute this saying. My only question to all who invest based on this philosophy, how sure are you that when you hear of this rumour, you are at the early stage and not one the latest? By the time the rumour reaches ordinary people on the street, you should be wary and listen to this rumour with a pinch of salt. Sometimes, these rumours are deliberately shared by operators /  promoters intending to trap unknowing retailers. A very simple test, ask yourself, do your uncle in the park or relative at the dining table know about this rumour? If yes, it is a sign to stay away. Additionally, investing based on rumour and hearsay is the most dangerous form of investment. In fact, it is not investing. It is speculating. Speculating is akin to gambling. For the thrill, sure. To get rich and achieve financial freedom, 0 chance.  

Ex in 2017 : IWCITY & Bandar Malaysia deal being called off. This is a classic example of investing in a fundamentally poor company but relying on the future prospect to justify the share price valuation at RM3. Even the owner came out to say the company would be worth RM5. How much is IWCITY now? If you look back at Tradeview telegram channel, we have REPEATEDLY warn our readers against putting money in IWCITY based on this news alone. Many other channels were promoting heavily IWCITY. What happened to those investors?

Image result for genneva gold

3. Guaranteed Return on Investment

We have talked about this before in an earlier article sometime back in 2016. Link as attached https://klse.i3investor.com/blogs/tradeview/115393.jsp 

Placing your funds in Fixed Deposit is the closest thing to guarantee. However, when it come to investing, the word in itself carries an element of risk. It requires certain market condition which allows one to enjoy the margin of return between time of investing and time of realising the investment. Ex: Buying a property in good location and a fundamentally sound stock during crisis and selling when the economy has recover. It requires a lot of hard work, foresight, guts and appetite. Even after having all the necessary qualities and factors in place, nothing is guaranteed. 

Many "schemes" that guarantee returns have left the so called investors in tough situations like Genneva, ZhangJian, JJPTR, Skim Cepat Kaya etc

Image result for best investment in education

4. Education

There is no end to learning. We are learning something new from different individuals and life experiences. The day one should stop learning is the day our utility runs out. They always say, the best investment is education. As long as it is proper education, and you learn something good, then it is a worthwhile investment. Personal development is very important. So long as you keep improving yourself, you will never be irrelevant. Think of it as a software update like your Iphone / Android. Best thing, no one can ever take it away from you.

Image result for greed is good

5. Greed is Good. Or is it?

This is a famous saying of Wall Street movie back in 1980s. We do agree to some extent. A small amount of greed acts as good driving force towards achieving something. But an overdose of greed leads to crime and corruption. It also brings along downfall. Those who fall victim to SCAMS and conjobs are because their greed blinded their ability to see the truth. Regardless of what advice people have shared with them, they cannot see and they may even think why are you stopping them from achieving success. Tradeview team always encourage our readers to take profit if they are happy. While we have our own Target Price, we always remind the readers if you are happy, sell. Not sure, sell half, hold half. If you intend to ride, please set trailing stop. Everyone has their own risk appetite and threshold. Most importantly, be happy and contented with a gain. A gain is still a gain.   

Image result for hard work pays off

6. Hard Work



This is no substitute for hard work in life. It is true, some systems in the world do not reward those who work hard, honest and decent. That is the flaw of the system. However, if one do not work hard, one do not stand a chance at all. Working hard gives your the opportunity to make something of yourself. However, if you sit back and wait for a handout, you are denying yourself that opportunity. 

Ex: Going into the forum, reading comments and investing your money based on comments into the stock then waiting to sell on contra period WiLL NOT make you successful

VS 

Analysing, studying annual report, reading the charts, looking at historical prices, read research reports, articles, doing site visit to corroborate your investment thesis WILL make you successful. 

Image result for financial freedom
   
Conclusion 

Be true to yourself. Investing for financial freedom is a life long journey. It is not gambling. It takes a lot of hard work, patience, discipline and focus. If you can commit yourself to finding value in the market and investing as if you are a part owner, you are investing the right way. 
_________________________________________________________________________________

To follow us: 

Website / Blog : http://www.tradeview.my/


or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com


Food for thought: 

Image result for hard work pays off
  6 people like this.
 
Alex Foo tq for sharing.
11/06/2017 16:19
4444 If the PIC is KC Chong how? He keep boasting himself of high return in i3. Question is KC as rich as Warren Buffet and George soros?

1. 20% Per Annum Return

This is very important number. Two of the most successful investors in the world today Warren Buffet and George Soros have been successful because they have delivered an average portfolio return to their clients 20% per annum over a long duration. It does not mean they deliver 20% every year but in the course of the entire investment timeline, their average is so. They are also respected not because of the return % but because of their consistency. So if anyone comes to tell you that they can give you 20% return in 1 month, it is a RED FLAG for it being SCAM. Stay away and do not look back. All enquirers and subscribers who ask Tradeview team if we can assure them 20% return, our reply will be, a good fund manager would be very happy with above 10% portfolio return per annum. Anything above is a bonus.
11/06/2017 17:56

(Tradeview 2017) - Monthly Report Card (As at 31st May)

Author: tradeview   |  Publish date: Thu, 1 Jun 2017, 06:45 PM   |  >> Read article in Blog website


Image result for report

Dear fellow traders / investors,

As in the past years, I will be continuing the practice of recording my calls for the public. The report will show the monthly record for year 2017. The purpose is for transparency and accountability. This is the updated results as of end March. 

For those keen to be a subscriber, there are several links below





This is just a simple periodical report to keep track of the progress of my picks for readers. Feel free to cross check my public comments / article posting date as reference for the calls. Some are calls, some are articles on value picks but all are documented.
_________________________________________________________________________ 

*The picks from when it was call until 31 May 2017 : (Gains exclude div) 

1. Poh Huat - Called on 23 December @ RM 1.73 vs Present RM 1.81 (4.6% Gain) 

2. Allianz - Called on 7th Jan @ RM 10.18 vs Present RM 12.50 (22.8% Gain) 

3. EG Industries - Called on @ 9th Jan RM 0.865 vs Present RM 0.855 (-1.2% Loss) 

4. CCK Consolidated - Called on @ 23rd January RM 0.645 vs Present RM 0.96 (48.8% Gain) 

5. Magnum - Called on @ 23rd January RM 2.10 vs Present RM 1.71 (-19% Loss) 

6. Paramount Corporation Bhd - Called on @ 1st March RM 1.65 vs Present RM 1.8 (9.1% Gain) 

7. Scope Industries Bhd - Called on @ 3rd March RM 0.155 vs Present RM 0.245 (58% Gain) 


8. Kronologi Asia Bhd - Called on @ 15th April RM 0.35 vs Present RM 0.47 (34% Gain) 

9. Red Sena Bhd - Called on @ 7th May RM 0.45 vs Present RM 0.455 (1.1% Gain) 

10. Peterlabs Holding Bhd - Called on @ 20th May RM 0.285 vs Present RM 0.31 (8.8% Gain) 


Our Average Portfolio Gain Year-To-Date (Based on equal shareholding & excluding dividend gain) : 16.70% Gain beating the KLCI Index Return of 7.28%  


*** In fairness, I excluded Magni and Yee Lee as both were 2016 Value Picks & MFCB and Jaks as called Nov / Dec 2016

As of now, it is 8/10 winners against losers. Should you are keen to follow my trades, there are 4 ways to follow Tradeview Group. I usually share my calls with :

1. Private Exclusive Subscribers first
2. Website / Blog / Facebook second
3. Telegram Public Channel third
4. Forum last 

If you are keen to have the earliest possible call picks or FA/TA coaching or value investing guidance or to be private exclusive subscriber, feel free to contact me at tradeview101@gmail.com to sign up. Thanks. 

Regards, 

Tradeview 

**Some counters I may have spotted at lower entry price but I displayed the call price based on my first mention in public forums. Also, of all the counters above, some counters I have taken profit, some are still holding, some I have cut loss. My private subscribers would know. 
  5 people like this.
 
HaoRan Great one Tradeview! :)
01/06/2017 19:49
VenFx Tradeview sifu, Rooster EGgs shall be the brightest Crown by 2nd half of 2017....yaa :)
01/06/2017 20:02
Sebastian Sted Power Tradeview sifu, please recommend and review new counter
02/06/2017 23:48

(Tradeview 2017) Value Pick No. 9 : Peterlabs Holdings Bhd. (0171)

Author: tradeview   |  Publish date: Sun, 21 May 2017, 03:08 PM   |  >> Read article in Blog website


Image result for peterlabs
Dear fellow readers, 

This is my No. 9 Value Pick for 2017. 

Once again, these writings are just my humble highlights (not recommendation), feel free to have some intellectual discourse on this. You can reach me at :


Website / Blog : http://www.tradeview.my/

or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com
_____________________________________________________________________________

Value Pick No. 9: Peterlabs Holdings Bhd. (Initial Valuation RM 0.40) 

While we are familiar with many stocks in the KLCI, however, there are times some stocks will just slip our radar. We manage to catch hold of this only because one of our subscriber picked this up and asked us about it. 

Once again, we will give an upfront warning, as this is a small cap stock, this stock has higher risk compared to our other value picks. So for those who have low risk tolerance, you can skip this.  Peterlabs is in the business of manufacturing varieties of animal health products, animal nutritional feed additive and veterinary pharmaceutical to serve the livestock industry. It has its own R&D facilities and team which develop award winning products in this sector. 

We like Peterlabs for its track record of over 30 years and market leading position on supplying animal nutrition and health products to the poultry farms locally and abroad such as Pakistan and Taiwan. Due to its niche sector, the barriers of entry is higher as it requires technical expertise and experienced veterinarians. 

For the past 5 years, Peterlabs has consistently delivered continuous growth in revenue and positive bottomline. Looking at the revenue trend, the trajectory has been amazing with growth of more than 10%+ per annum. However, despite the growth in revenue, it did not translate to the bottomline due to the narrowing profit margin every year. The latest  financial year, Peterlabs delivered RM83 million in revenue but only RM3.3 million in net profit which is lesser than even 5 years ago. As you are reading, you must be wondering why would we call Peterlabs as our value pick then? This is because the key is in the details, not what meets the eyes. 



Looking at the profit trend, one would be depressed. Because no matter how strong the revenue grew, the profit could not follow in tandem. However, this is in part due to capacity as well as FOREX. The company has been consistently expanding their plant and facilities to manufacture more, incurring higher expense as well penetrating new regions through marketing activities. While it was time for them to reap some rewards, the weaker MYR affected their bottomline as their raw materials required import. The company faced eroding margin, but at least it is still a decent 4%. We believe with the MYR finding a bottom and the new plant coming on soon, the company should be able to improve its profit margin for this coming financial year. 



Nonetheless, this respectable management continue to declare dividend to reward shareholders through the ups and downs. No matter how bad things are, they will still declare dividend. This is a rare feat among listed companies these days where many has no respect for the company's dividend policy. The latest dividend declared was 0.7 sens which is equivalent to a Dividend Yield of 2.5%. For a penny stock that is still growing, this is very generous of the company. Some bigger caps stock cant even declare 2.5% dividend.




We like Peterlabs for many reason. Firstly, it has a management which is professional and competent. Although they faced many challenges including higher operating cost, FOREX exposure, they still manage to maintain profitability throughout the years. Secondly, it is in a sector with high barriers of entry and shows actual revenue growth. So long they can rationalise their operational cost, they should be able to improve their bottomline. Thirdly, the company is expanding with a new factory and looking to penetrate new markets. Hence, we believe the future prospect is intact. We are cautiously optimistic for it to improve its profitability in the coming QR. The 2017 prospects by Peterlabs looks promising as well. Given the management confidence of being able to deliver a positive performance to FY 2017, I think it is worthwhile to consider investing in the company for the long term basis. If Peterlabs successfully pulls it off, there may be a re-rating to the stock. 




Another point to note is a substantial shareholder recently bought back a huge position. http://www.fatfish.co/





With the latest QR, it is now consolidating at near the 52 week high. If Peterlabs can maintain their growth, there is no reason it cannot challenge it's 52 week high. Currently at 28.5 sens, it is trading at a multiple of 17.7x. It's NTA stands at 19 sens with ROE of 8.53% for the past year. We believe in the mid to long term growth trajectory of Peterlabs and estimate the coming full year result with EPS between 1.8 to 2.2 sens. Applying a multiple of 20x (factor in the net cash position and the 2.5% DY), there is a possibility that it can move towards 40 sens. For now, this will be the initial TP pending observations of coming quarter results. 

*Please note this is a penny stock with erratic earnings. Hence the risk is higher. For those who do not have such appetite, feel free to skip.
________________________________________________________________________________

Telegram channel : https://telegram.me/tradeview101

Website / Blog : http://www.tradeview.my/

Facebook : https://www.facebook.com/tradeview101/or 

Email me to sign up as private exclusive subscriber : tradeview101@gmail.com

Food for thought: 
Image result for stock market quotes

Labels: PLABS
  2 people like this.
 
zhangliang thanks
23/05/2017 15:34
tradeview Latest QR on Peterlabs
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0171
31/05/2017 17:44

(Tradeview 2017) Value Pick No. 8 : Red Sena Bhd. (5270)

Author: tradeview   |  Publish date: Sun, 7 May 2017, 10:42 AM   |  >> Read article in Blog website



Dear fellow readers,  

This is my No. 8 Value Pick for 2017. 

Once again, these writings are just my humble highlights (not recommendation), feel free to have some intellectual discourse on this. You can reach me at :



Website / Blog : http://www.tradeview.my/


or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com

______________________________________________________________________

Value Pick No. 8: Red Sena Berhad (Initial Valuation RM 0.50 - RM0.55 sens) 

This is the first time we called for a SPAC related counter. SPAC stands for special purpose acquisition company. RedSena primarily is in the sector of F&B. The reason we are interested in RedSena is due to the arbitrage opportunity play. 

This is a rather safe investment. The risk to reward ratio is there with limited downside. For those feeling jittery about the market conditions, we think it is a good idea to look at Red Sena. Based on our calculations, investors stand to earn ~6.4% return p.a., assuming an entry price of 45sen.

Date
Share Price /
Fair Value
Total Return
Annualized Return
Apr-17
0.450
Dec-17
0.488
8.4%
9.7%
Dec-18
0.503
11.7%
6.4%


Do recall, the IPO price for Red Sena was 50sen and 92% of the IPO proceeds (i.e. 46sen) was set aside into a trust account to acquire a suitable F&B business over a 3 year period (Dec 2015 - Dec 2018). In the event that management fails to identify any potential target within this timeline, the money in the trust account, including interests earned, will be distributed back to investors.

On the flip, if Red Sena develops a liking for an F&B business and propose for an acquisition, investors can still get back their money by voting 'NO' during the EGM. To note, the quicker that this event occurs, the annualized return to investors is higher as well. On a per share basis, we estimate that the cash amount is 48sen and 50sen at Dec-2017 and Dec-2018 respectively.

We think this is a relatively safe investment strategy to adopt, especially for yield seeking/risk adverse investors. That said, if the company identified by Red Sena provides an entry into an exciting/high growth F&B business, we believe further share price upside is possible.

Overall, we advise investors not to jump into the bandwagon by simply buying Red Sena at the market offer price as it would lower your total return - every 0.5 sens could potentially lower your total return by 1%. Hence, one should patiently look to accumulate this stock.

From the management, side the company consists of a team of F&B professionals with substantial experience in their respective fields. From how we look at it, the team running the company is very professional. For SPAC, because it is in effect a shell company, the management team is crucial as they are the one who will determine the direction of the acquisition and path of the company. Having a strong management, will set it on strong footing compared to other SPACs.






Based on the latest news flow, Red Sena is looking to acquire the business in Vietnam and currently have made a list of 50 potentials. The management is looking to close the deal by early 2018.  You can refer to the relevant news here:

http://www.thestar.com.my/business/business-news/2017/02/15/red-sena-sets-its-sights-on-vietnam/

*Please note this is a SPAC stock. For those who do not have such appetite, feel free to skip.
______________________________________________________________________


Website / Blog : http://www.tradeview.my/


or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com


Food for thought: 
Labels: RSENA
  3 people like this.
 

(Tradeview 2017) - Monthly Report Card (As at 30th April)

Author: tradeview   |  Publish date: Sun, 30 Apr 2017, 08:22 PM   |  >> Read article in Blog website


Image result for report


Dear fellow traders / investors,

As in the past years, I will be continuing the practice of recording my calls for the public. The report will show the monthly record for year 2017. The purpose is for transparency and accountability. This is the updated results as of end March. 

For those keen to be a subscriber, there are several links below





This is just a simple periodical report to keep track of the progress of my picks for readers. Feel free to cross check my public comments / article posting date as reference for the calls. Some are calls, some are articles on value picks but all are documented.
_________________________________________________________________________ 

*The picks from when it was call until 30th April 2017 : (Gains exclude div) 

1. Poh Huat - Called on 23 December @ RM 1.73 vs Present RM 1.83 (5.8% Gain) 

2. Allianz - Called on 7th Jan @ RM 10.18 vs Present RM 11.48 (12.7% Gain) 

3. EG Industries - Called on @ 9th Jan RM 0.865 vs Present RM 0.855 (-0.02% Loss) 

4. CCK Consolidated - Called on @ 23rd January RM 0.645 vs Present RM 0.715 (10.8% Gain) 

5. Magnum - Called on @ 23rd January RM 2.10 vs Present RM 2.10 (0% Gain) 

6. Paramount Corporation Bhd - Called on @ 1st March RM 1.65 vs Present RM 1.82 (10.3% Gain) 

7. Scope Industries Bhd - Called on @ 3rd March RM 0.155 vs Present RM 0.245 (58% Gain) 

8. Kronologi Asia Bhd - Called on @ 15th April RM 0.35 vs Present RM 0.48 (37% Gain) 

Our Average Portfolio Gain Year-To-Date (Based on equal shareholding & excluding dividend gain) : 16.83% Gain beating the KLCI Index Return of 7.69%  

*** In fairness, I excluded Magni and Yee Lee as both were 2016 Value Picks & MFCB and Jaks as called Nov / Dec 2016

As of now, it is 6/8 winners against losers. Should you are keen to follow my trades, there are 4 ways to follow Tradeview Group. I usually share my calls with :

1. Private Exclusive Subscribers first
2. Website / Blog / Facebook second
3. Telegram Public Channel third
4. Forum last 

If you are keen to have the earliest possible call picks or FA/TA coaching or value investing guidance or to be private exclusive subscriber, feel free to contact me at tradeview101@gmail.com to sign up. Thanks. 

Regards, 

Tradeview 

**Some counters I may have spotted at lower entry price but I displayed the call price based on my first mention in public forums. Also, of all the counters above, some counters I have taken profit, some are still holding, some I have cut loss. My private subscribers would know. 
  5 people like this.
 

(Tradeview 2017) Value Pick No. 7 : Kronologi Asia Bhd. (0176)

Author: tradeview   |  Publish date: Sat, 15 Apr 2017, 05:07 PM   |  >> Read article in Blog website





Dear fellow readers, 

This is my No. 7 Value Pick for 2017. 

Once again, these writings are just my humble highlights (not recommendation), feel free to have some intellectual discourse on this. You can reach me at :



Website / Blog : http://www.tradeview.my/


or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com

_____________________________________________________________________________

Value Pick No. 7: Kronologi Asia Berhad (Initial Valuation RM 0.45) 

Following the superb performance of Scope Industries Bhd, which moved from 16 sens to 27 sens in 1 month (68% gain since released of article), there were many request by my readers to focus my writing on more small cap stocks. Let me clarify beforehand, this is not adhering to the request but rather I came across this counter after a friend highlighted the strong growth since their IPO 2 years back. 

Once again, we will give an upfront warning, as this is a small cap stock, this stock has higher risk compared to our other value picks. So for those who have low risk tolerance, you can skip this. 

Kronologi Asia Bhd, is in the business of Data Storage and Recovery Solutions & Technology. In layman terms, Krono provide Data Backup, Consultation, Server Maintenance, Recovery services to companies. Think of them as your office work data archiver / gatekeeper. 




The company consist of a team of IT professionals with substantial experience in their respective fields. From how I look at it, the team running the company is very professional. Just to name a few, the Executive Director / CEO /CTO,  Mr Teo has over 20 years of experience in storage solutions, software programming and network architecture.  Executive Director / Director of Operations, Mr Tan brings with him a wealth of IT experiences having worked for a HK listed IT firm and US based 3Com, both in their Singapore operations. He was also one of the pioneers of a successful regional IT System Integration company, Sandz Solutions. In short, the management of Krono knows what they are doing. 


As Krono is a relatively new company, looking at the 2 years profit trend, Krono has shown steady increase both top and bottomline from RM61 to RM81 million in revenue and RM3 to RM7.4 million in net profit. Profit margin almost doubled from 5% to 9.1%. All indicators point towards continuous growth. However, it is imperative to understand the reason behind the growth. 

Back in August 2016, Krono acquired the  remaining 80% stake in Quantum Storage (India) Pte Ltd for RM26mil. This is one of the key reason for the growth of Krono. With a new subsidiary and board members / management level, Krono has been improving. The key sector for Krono is to tap on the burgeoning data storage and management business in Asia. It is reported that Krono is a long-term partner of US-based Quantum Corp which in turn is a global player in data protection and data management - promoting Quantum products, solutions and branding in South Asia. 


Krono acquisition of Quantum Storage for RM26mil, was satisfied by new shares and RM15.2mil in cash on a staggered payment basis. The acquisition was to capitalise on big data, and India's growth in the sector of data storage. Ex: 4K ultra HD technology, Satellite imagery, CCTV etc. The pivot towards Digital cities, Smart Cities and to boost IT usage in businesses and organisations will help the company grow in the long term. This acquisition comes with a profit after tax guarantee of US$1mil (RM4mil) each year of financial years 2016 and 2017. The RM15.2mil cash portion of the acquisition is being funded from RM6mil of IPO proceeds and a further RM9.2mil from internally generated cash. The company has RM8.7mil in cash as at Dec 31, 2016 with a reducing debt position. Additionally, Krono's balance sheet is relatively strong compared to many other tech stocks out there. It is a net cash company despite having gone through an acquisition. 


We like Krono for many reason. Firstly, it has a change in management / board members which turned the business around. Secondly, it is in a tech sector of growth which is easy to understand and shows actual revenue and profit growth. Thirdly, the company have a good mix of revenue from various geographical location which shows demand in various countries outside of the home country. Hence, we believe the future prospect is intact. We are cautiously optimistic for it to maintain its profitability in the coming QR. If Krono successfully pull it off, there may be a rerating to the stock. 




The 2017 prospects by Krono looks promising as well. Given the management confidence of being able to deliver a positive performance to FY 2017, I think it is worthwhile to consider investing in the company for the long term basis. 


With the latest QR, it is now trading at a narrow band. Since middle of 2015, Krono has fallen from 40+ sens to a low of 10 sens before rebounding to recent high of 39.5 sens. If Krono can maintain their growth, there is no reason it cannot challenge it's historical high. Currently at 35 sens, it is trading at a multiple of 13x. It's NTA stands at 19 sens with ROE of 14.5% for the past years. We believe in the long term growth trajectory of Krono and estimate the coming Q with EPS between 0.7 to 1 sen. Should that happens, the full year EPS will be around 3 sen and applying a multiple of 15x (factor in the net cash position and tech sector), there is a possibility that Krono can move towards 45 sens. For now, this will be the initial TP pending observations of coming quarter results. 



*Please note this is a penny stock with erratic earnings. Hence the risk is higher. For those who do not have such appetite, feel free to skip.
________________________________________________________________________________


Website / Blog : http://www.tradeview.my/


or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com

Food for thought: 


Labels: KRONO
  3 people like this.
 
Erudite Thanks for this tradeview
30/04/2017 20:41
chkhooju Personally feel Tradeview is a better bet than Calvin Tan. If you follow the former you will know why I said that.
30/04/2017 21:24
VenFx Chkhooju, Tradeview & Calvin Tan has never in the same rank or same style .
30/04/2017 21:33
Erudite Agree with Venfx. Tradeview is a pro, Calvin is a joke. Nothing to compare.
01/05/2017 09:17
tradeview When we called Kronologi at 35 sens, our TP based on its fair valuation is 45 sens. It hit the TP last week and further exceeded the FV to hit a new 52 week high of 49.5 sens. To us, it is normal for profit taking as it is within expectation considering the sharp increase in such a short span of time. The first support is 45 sens followed by a strong support at 40 sens. FYI to all. Those that missed Krono can consider collecting on retracement.
02/05/2017 09:44
johnyeoyeo thank you so much tradeview
02/05/2017 09:47
Sharon Chok I really see the potentials in this stock, thanks, tradeview
26/05/2017 11:53
tradeview Hit our TP.
29/05/2017 09:49

(Tradeview 2017) - Thank You Boss! Now, What Should I Do With My Bonus?

Author: tradeview   |  Publish date: Sat, 8 Apr 2017, 01:57 PM   |  >> Read article in Blog website




Dear fellow readers, 

Once again, these writings are just my humble highlights (not recommendation), feel free to have some intellectual discourse on this. You can reach me at :


Telegram channel : https://telegram.me/tradeview101

Website / Blog : http://www.tradeview.my/

Facebook : https://www.facebook.com/tradeview101/

or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com

_____________________________________________________________________________


Congratulations everyone, it is bonus time! The recent quarterly result season, corporate earnings have rebounded. This led KLCI to be in buoyant mood (aside from Trump effect, rebounding oil price, election etc). Many companies seem to have done better or at least shown improvement compared to the past two results season. Many friends and acquaintances have shared with me that this year, some of them finally got their bonus compared to 2015, where there minimal or none. 




So with much excitement, many of them started planning how to use their bonus. I would like to say it is subjective. Not many intend to use it for the same reason. Majority of them have already been counting down to end of March and waited impatiently to use the bonus to set their plans in motion. Of course, there were some of my friends / acquaintances who knew about Tradeview and approached me for advice. As I thought this was an interesting topic, I would like to share with everyone some of my ideas. 
Do note, one size does not fit all. Everyone is unique. My sharing is merely a simple exchange of insight. Of course, it all comes down a few basic notions such as prudent money management, desire, obligations / responsibilities, needs amongst others. Let me share with all through some simple illustration of how one can use their bonus :


1. Debt Repayment

Surely, using your bonus for this purpose is the least sexy thing to do. Even the title looks boring. However, do not underestimate the importance. Today's society is largely debt fueled due to cheap credit and easy monetary policy across the world. Government relies on debt to grow the economy, building infrastructures, social programmes etc. Ordinary household incur debt through housing / property loan, students through student loan, individuals credit card debt and others. Having extra income from bonus is great, in fact it would be a good avenue to pare down debts as it is never easy to serve the monthly interest outstanding. Should the bonus be used for other purposes, the debt position will never be reduced and forever, one will be financially burden regardless how much they earn. 

2. Savings

Saving for rainy days. This is an age old adage that rings true throughout the course of history. There can never be too much savings. Malaysia is one of the few countries that enjoy relatively high fixed deposit savings rate at around 4%++.  Looking across the causeway, Singapore's savings rate is around1%++ and further on to developed countries like US / UK which also only provides 1%++. The beauty of saving and setting aside extra money is the compound interest that one gets to enjoy every year. There is saying "Compound interest is the 8th Wonder of the World". Example : assuming one saves RM 1000 every year at 4% interest per annum. After 20 years, the savings would amount to a staggering RM 33,160.62. 

3. Investment 

There is a saying that salaryman will never make it rich in life. Of course this is not entirely true. Indeed, Malaysia's cost of living has increased significantly, but as we all know, salary growth has been stagnant / incremental. The limited increased despite the high inflation rate is a sign of our economy not growing fast enough. Of course, depreciation in MYR also affects the purchasing power / value of our money. Therefore, a good way to mitigate is to make investment apart from earning the monthly salary. There are many forms of investment one can consider such as equities market, FOREX, property, unit trust, ETFs, PRS and others. Making the right investment can help overcome the annual inflation rate and eroding MYR value through the positive returns. Of course, investments are risky. Hence, investment should only be done with spare cash / funds. Putting a portion of bonus to investment is wise provided one has the necessary knowledge or property financial adviser to guide.  

4. Education

There is no end to learning. Everyday I am learning something new from different individuals and life experiences. The day one should stop learning is the day our utility runs out. Using bonus / extra income to take up a course to better oneself is the best. They always say, the best investment is education. As long as it is proper education, and you learn something good, then it is a worthwhile investment. Some use their bonus for financial courses, MBA, soft skills training and others. Personal development is very important. So long as you keep improving yourself, you will never be irrelevant. Think of it as a software update like your Iphone / Android. 

5. Necessities of Life

Many people in today's society work to make ends meet. Although B40 category has continued to shrink as the society progress, there are still people out there who live day by day. Many shoulder responsibilities as the sole breadwinner of the family, as a father, mother, son, daughter and so on. Bonus would come in handy in easing the burden of life be it through the mean of buying diapers for a new born baby, medical bills for the elderly, school fees for the children and so forth. Taking into account of all walks of life, it is important to use these funds to sustain the family well being. 



6. Enjoyment of Life

After working hard 365 days, I think it is fair to enjoy what life has to offer. We will never know what happens tomorrow. Hence, it is not wrong to reap the fruits of your labour. Use a portion of your hard earned money to travel to that part of the world you have always dreamt of, or seek the adventure trip you have long for, buy that handbag you have always desired, get a brand new Apple product, upgrade that worn out furniture, buy that brand new facelift car, indulge in the concert that is coming to town, visit the restaurant you have been saving for the special day and many more. You worked hard to earn it, so use your bonus guilt free. 

Image result for appreciate

Conclusion 

As per most people's employment contract, Bonus is actually discretionary. It is not guaranteed and employers has no legal obligation to give bonus every year. Therefore, bonus would constitute extra income. Given the opportunity, one should appreciate it and not take it for granted as a must. In fact, if your company is still giving out bonus year in year out for the past 3 years (despite the slowing economy), your company is beyond generous. Make the most of it, stretch your dollar / Ringgit by realising opportunities that  would make one's life better. 

_________________________________________________________________________________

To follow us: 

Telegram channel : https://telegram.me/tradeview101

Website / Blog : http://www.tradeview.my/

Facebook : https://www.facebook.com/tradeview101/

or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com


Food for thought: 


  2 people like this.
 
Flying Cloud Tradeview also started to write articles to teach people
08/04/2017 14:18
zhangliang Tradeview bro has always written articles to help readers
08/04/2017 14:31
Jeffbkt Don't ever use your hard earned bonus in any suspected pump and dump counter. Plenty of them in the current market condition
08/04/2017 15:59

(Tradeview 2017) - Monthly Report Card (As at 31st March)

Author: tradeview   |  Publish date: Sat, 1 Apr 2017, 12:13 PM   |  >> Read article in Blog website


Image result for report

Dear fellow traders / investors,

As in the past years, I will be continuing the practice of recording my calls for the public. The report will show the monthly record for year 2017. The purpose is for transparency and accountability. This is the updated results as of end March. 

For those keen to be a subscriber, there are several links below





This is just a simple periodical report to keep track of the progress of my picks for readers. Feel free to cross check my public comments / article posting date as reference for the calls. Some are calls, some are articles on value picks but all are documented.
_________________________________________________________________________ 

*The picks from when it was call until 31 March 2017 : (Gains exclude div) 

1. Poh Huat - Called on 23 December @ RM 1.73 vs Present RM 1.88 (8.7% Gain) 

2. Allianz - Called on 7th Jan @ RM 10.18 vs Present RM 11.56 (13.6% Gain) 

3. EG Industries - Called on @ 9th Jan RM 0.865 vs Present RM 0.905 (4.6% Gain) 

4. CCK Consolidated - Called on @ 23rd January RM 0.645 vs Present RM 0.64 (-0.01% Loss) 

5. Magnum - Called on @ 23rd January RM 2.10 vs Present RM 2.13 (1.4% Gain) 

6. Paramount Corporation Bhd - Called on @ 1st March RM 1.65 vs Present RM 1.74 (5.4% Gain) 

7. Scope Industries Bhd - Called on @ 3rd March RM 0.155 vs Present RM 0.245 (58% Gain) 


*** In fairness, I excluded Magni and Yee Lee as both were 2016 Value Picks & MFCB and Jaks as called Nov / Dec 2016

As of now, it is 6/7 winners against losers. Should you are keen to follow my trades, there are 4 ways to follow Tradeview Group. I usually share my calls with :

1. Private Exclusive Subscribers first
2. Website / Blog / Facebook second
3. Telegram Public Channel third
4. Forum last 

If you are keen to have the earliest possible call picks or FA/TA coaching or value investing guidance or to be private exclusive subscriber, feel free to contact me at tradeview101@gmail.com to sign up. Thanks. 

Regards, 

Tradeview 

**Some counters I may have spotted at lower entry price but I displayed the call price based on my first mention in public forums. Also, of all the counters above, some counters I have taken profit, some are still holding, some I have cut loss. My private subscribers would know. 
  3 people like this.
 
VenFx Why Analysis or Blogger always dragged by their picks because of selected a Sarawak counters in their portfolio ?
01/04/2017 12:45
VenFx As usual, tradeview always achieve high winning probability.. 6/7 winners to losers... impressively :)
01/04/2017 12:50
IamGoogle I see another way for Tradeview, the stocks selection are always on the safe side
01/04/2017 14:54
VenFx Hengtai,
perhaps clylical of biz for most Sarawak counters are bit different from peninsular M'sia.

That's all i can conclude .
01/04/2017 19:35
VenFx Bro, last year S'wak State Election had bring many to Holland .
Only 2counters make good profit eg. Harbour & Ibraco .
01/04/2017 19:47
VenFx i believe, S'wak counter shall only Roar ; if CPO make a big come back.
01/04/2017 19:48
abangadik Hahahah.. bcsz ppl dont understand stock market and sarawak election relationship..kekekeke...
01/04/2017 19:49
abangadik Anyway sarawak counter at the moment is unwanted and misunderstood.. I see many pontetial
in a few.. A few with sarawak in their name..lolz..
01/04/2017 19:52
VenFx I know, it juz many sifus or value investors could had break their eye glass to pick S'wak counters.

Of which, i agree they are at depress value also
But, didn't touch .
01/04/2017 19:52
VenFx To buy sarawak, must to understand their politiking and commodities first .

That's another big topics , not juz FA or TA .
01/04/2017 19:54

(Tradeview 2017) - Your Risk Appetite Vs My Risk Appetite (on Notion VTec, Dnex and D&O)

Author: tradeview   |  Publish date: Sun, 26 Mar 2017, 10:42 AM   |  >> Read article in Blog website


Image result for My Risk Appetite Vs Your Risk Appetite


Dear fellow readers, 

Once again, these writings are just my humble highlights (not recommendation), feel free to have some intellectual discourse on this. You can reach me at :


Telegram channel : https://telegram.me/tradeview101

Website / Blog : http://www.tradeview.my/

Facebook : https://www.facebook.com/tradeview101/

or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com

_____________________________________________________________________________


Readers who have read my articles know that I am quite conservative and careful in my selection of stocks. I will not recklessly call a buy on any shares without due deliberation and in-depth analysis or research. Additionally, I will avoid listening to share tips without substantial basis to justify just for the sake of investing or satisfying my readers.




My father have always reminded me when I first started investing, "The market is always there. If you missed the opportunity today, there is many other opportunities in the market. Do not rush into it just because everyone around you is doing so." This simple but poignant advise has always stuck with me all these years. I will admit, it is not easy sticking to this investment philosophy especially if people around you, colleagues, kopitiam customers, uber / grab drivers, pasar aunties and uncles are all sharing with you how much money they made from DataPrep, Dnex, Efficient, IWCity and many others. 


In fact, "sitting still doing nothing" is one of the hardest thing to do in investment. Even up till this day, I still have problem achieving this. A good example would be Visdynamics and MPI. I remembered we  first called Visdynamics at 22 sens end 2016 and cashed out fully at around 45 sens when I felt the share price is beyond its true fair value. For MPI, we called at RM8.03 in early 2017 and cashed out fully at around 10.30+. Look at the price today for both counters. Spectacular. Sitting still requires huge amount of discipline. But it has a lot do with RISK APPETITE which brings me to the crux of my article. 

Everyone has their own risk appetite. It may be low, medium, high and so on. However it differs from one individual is different from another. In short, it is subjective. Let me share with you through the illustration of a few stocks :

1. Notion VTec

Few months back when it was still around 45 sens, I received information from several parties that Notion will be in the play and TP was RM1. Quickly, we researched and decided against the investment. We felt Notion was too expensive and even if indeed the rebound play thesis came true, I rather put my money with Dufu, LCTH or Visdynamics for that matter instead of Notion. Why? My risk appetite did not allow myself to invest in Notion. Logic and sense prevented me from doing so. Clearly, my risk appetite prevented me from making a windfall. Today, Notion is RM1.26 and overvalued. Did I regret missing out? A bit. However, my funds was securely diverted to other companies which made me good return as well. 

2. Dnex

Dnex was one of the favourite penny stock for the past few months. Some banks also initiated coverage on it. The share price moved from 20+ sens to 40 sens today. We first noticed Dnex when it was 26 sens. Oil and gas was rebounding, Vehicle Entry Permit contract, new contract by government etc, the investment thesis looks sound. All seems to be on track. Again, after due research and consideration, we decided to pass on Dnex. We believe Dnex is a case of over optimism as earnings just started to show only plus largely derive from associate contribution which has a fixed timeframe. Mostly, stocks like this always starts out strong then dwindle as time passes on. Hence, to us, the investment thesis while attractive and tempting, my risk appetite did not allow us to proceed with it. 

3. D&O

This was another stock that jump ridiculously due to market rumours on the takeover offer. Like most people, we do not have any inside information. Everything is based on hearsay. The thing with investment is requiring a person to take calculated risk. If an investment relies solely on hearsay or rumour, it is very dangerous. However, different people has different risk appetite. Some people like to buy on rumours sell on fact. However, we do not like to rely on hearsay or rumour. We act on the basis on fundamental valuation of the stock coupled with future prospect. This is largely because my risk appetite will not allow us to consider this counter as well. 

4. Jack Ma, Alibaba Effect + Loss Making Penny Stocks

Due to our conservative position, we issued a gentle cautionary reminder to all readers on telegram and facebook when many were thinking to jump on the bandwagon of rallying penny stocks with the "Jack Ma, Alibaba Theme" promoted by operators from last week. Many of these counters were loss making. True enough, the next day after our warning (Friday), many of these shares plunge and many retailers were trapped already. The reason we issued a cautionary reminder was because we have seen it over and over again how operators tried to manipulate share price to trick unsuspecting retailers. Additionally, we understood the risk involved. While we can provide the gentle reminder, due to different risk appetite, not everyone will listen. Some have higher risk tolerance and willing to ride along. The excerpt of the gentle reminder on 23rd March (Thursday) when these stocks were being pushed as below. 






Conclusion 

Everyone has their own risk appetite. Some higher than others. Some lower than others. So the question we should all ask ourselves before every investment decision is "whether am I willing to take this risk to put my hard earn money in this counter". If the answer is yes, go ahead and invest. If the answer is no, avoid. If the answer is neither, take a step back to reconsider your position otherwise, just sit still. That way, at least your investments will give you the peace of mind when you go to bed every night.


_________________________________________________________________________________

Telegram channel : https://telegram.me/tradeview101

Website / Blog : http://www.tradeview.my/

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Food for thought: 





Labels: NOTION, DNEX, D&O
  10 people like this.
 
Tai KT If you are trader, you will look at the price. if you are investor, you look at the value.
26/03/2017 14:15
Erudite Thanks for sharing
26/03/2017 22:45
moneySIFU "The market is always there. If you missed the opportunity today, there is many other opportunities in the market."

This is true statement, don't worry on the missing one, always worry of missing the next one. So, work harder.
26/03/2017 22:48
ckkhen Better to have profits than losses for those who are risk averse i.e low risk appetite. Nobody becomes poor by taking profits, however little.
26/03/2017 23:08
malaysiakuku memang market always there... tapi ada orang yang tak sabar-sabar....kesabaran ada asas dalam permainan stok... tanpa itu, mudah kesilapan berlaku secara tidak sengaja.....kalau kamu stock trader, volume dan charting/TA adalah keutamaan... tapi unruk pelabur jangka masa panjang; dividen, nilai dan fundamental adalah asas yang penting untuk pelabur memahami kenapa sesuatu perniagaan atau syarikat dapat menguntungkan pelabur....
27/03/2017 02:24
dusti Interesting. Anyone can pick stocks nowadays. Good luck all
27/03/2017 10:54
Happy Trader Haha interesting pick-up. Everyone let those penny flies higher =) It will not be too far. More and more NEAR NEAR NEAR.
28/03/2017 01:10
mikee one have to imagined that this USD$50 billion or at least initial $10 billion from all e-trades permits approvals generate from DFTZ/Alibaba when start in 2018 or early 2019 is COMPULSORY/MUST pass tru DNEX (4456) e-services software platform tat currently been authorized by Gov to integrates with most gov agencies to get each items/goods pass on from shippers to consumers.
Just 1 segment from IT can rake up 1000% folds profits, haven't count others segments like O&G, Hydro Energy, Foreign Workers Permit, VEP and RFID profits.
28/03/2017 02:22
masterkevin212 NOT FORGETTING IDMENSN
28/03/2017 18:32
Kkevin2625 bull market, all become well picker :D
28/03/2017 20:54
jayalbert If during this bullish market momentum one still has difficulty to reap +ve return, he seriously ought to look at his trading strategy n stock picking techniques
28/03/2017 20:57
Nigel Low Dnex closing price on 27th March 0.390, last closing to date 0.455
09/04/2017 14:24
kelingman tradeview stock pick also have short term tp. he also sell when tp reach. if one asked him how he defined TP, its quite amusing, with biz sense LOL. then he buy back again. it was not a truly value investor anyway.. anyone also can be sifu nowadays.. funny.
09/04/2017 15:53
Erudite very true, nowadays many like to accuse the good writers and promote the lousy goreng ones...better be careful
09/04/2017 16:26
zhangliang Kelingman, You are new, dunno anything, simply listen to ur fren, then come out and spoil a good writer reputation. That is v bad. Some more only 5 post from you. Dont do things like that. Bad karma

kelingman I notice many counter also commented by tradeview.. the price will up..
tradeview do u do subscription? im new here
15/03/2017 13:49

kelingman my fren told me tradeview claimed he is a value investor but he also always buy share veli frequent.
value investor should hold at least 3-5 yrs ma.. me oso tak tau how true o not leh..
like this how to beli and sell mana ada masa wor
29/03/2017 19:31
09/04/2017 16:43
beach relaxing mode Zhangliang= Jane Zhang?

女神?
09/04/2017 17:13

(Tradeview 2017) - The Love-Hate Relationship of Stocks & Dividend (On Visdynamics, EG, YeeLee, Digi & Poh Huat)

Author: tradeview   |  Publish date: Sat, 18 Mar 2017, 03:08 PM   |  >> Read article in Blog website


Image result for stocks and dividend

Dear fellow investors / readers

Today, I would like to share with all on the above topic :  "Love-Hate Relationship of Stocks & Dividend". 

Once again, these writings are just my humble sharing (not recommendation), feel free to have some intellectual discourse on this. You can reach me at :


Telegram channel : https://telegram.me/tradeview101 

or Email me to sign up as private exclusive subscriber tradeview101@gmail.com



Facebook : https://www.facebook.com/tradeview101/


Website / blog : www.tradeview.my

_________________________________________________________________________________

Dividends. Who wouldn't like to invest in a company that gives good Dividend + good earnings growth (Capital Gain)? Ideally, all listed companies should be that way, then all investors in the stock market will make good returns. Sadly, majority of the listed companies in KLCI do not deliver good earnings growth + good dividend annually. 

Therefore, when we invest, it is imperative for us to look for such counters in the whole share market. However, there is strong inverse relationship between growth companies vs dividend yielding companies. 




I call this the "Love-Hate Relationship of Stocks & Dividend". Why is that so? Let me explain : 

1. Growth stock 

When a company is growing, it has limited funds to spare. Cash is precious and utilised specifically to expand and grow the business. Rewarding shareholder is the last thing on the mind of a growing company. 

Vs

2. Blue Chip 

When a company is established and stable with strong recurring income and healthy balance sheet, the company has the ability to use their cash hoard to declare dividends to reward shareholders. Even after rewarding shareholders with dividend, they still have plenty of cash to further grow the business. 

Image result for dividend stock vs growth stock


In layman terms, it is like deciding whether to buy a Landed Property vs High Rise PropertyIgnore the supply and demand, assuming it is a constant, Landed Property provides good capital gain but low rental yield Vs High Rise Property provides slower capital gain but high rental yield. 


Image result for landed property vs high rise property



It all comes down to an individual's investment decision. It a matter of choice, preference and strategy. A balance portfolio would include all types of stocks, a conservative portfolio is skewed towards dividend stocks etc. This is a topic for another day. 

To help all see it in better light, let me explain with 5 stocks namely Visdynamics, EG Industries, YeeLee, DIGI & Poh Huat  


1. Visdynamics (Turnaround Play) :

We were among the first to discover this hidden gem when it was only 22 sens. Today it is 66 sens. You can refer to both our articles on Vis here

http://www.tradeview.my/2016/09/value-pick-no15-visdynamics-holdings.html

http://www.tradeview.my/2016/12/tradeview-2016-best-value-pick-of-year.html



Many would have enjoyed a windfall if they invested when we called it back in Nov 2016. What caught my attention with Vis was a continued trend of gradual improvement. There were setbacks initially but the management manage to deliver the promise to shareholders. However, this company was loss making in the earlier years before turning around. Hence, Vis did not declare dividend at all for the past 5 financial years. How can a company with erratic earnings and losses declare dividend? Those investors who only invest in dividend yielding counters would miss a counter like Vis. If one is able to look beyond Dividend Yield, they may notice the improvement and turnaround in place for Visdynamics. The company required the cash to improve the business. Sometimes, Dividend Yield cannot be the one and only benchmark in assessing the company's investment worthiness. 
 

2. EG Industries (Growth Stock) :

This company was a favourite back in 2015 when many prominent investors entered the counter and promoted it heavily. The share price moved from 80 sens to RM1.20 in less than few months. Since then it has been consolidating for the past 1 year. When we picked EG as our 2nd Value Pick in 2017, some of my readers were quite surprised as they saw some funds selling EG. Also, it wasn't declaring dividend despite delivering good results. Many were critical as this company went through several rounds of fund raising though rights issue, private placement and then now pending another rights + bonus issue. When I called EG, it was 86 sens, today it is around 90 sens. The company released their recent results which was really good. The actual FV based on the past 2 quarter results would easily be RM1.15. However, their fund raising again cause the market to sell off the counter from a high of 98 sens back to 90 sens last month. Our view on EG is simple, if you choose to invest in this company, it is definitely not because of the Dividend Yield. The company has been raising cash several rounds with investors to expand the business. The results they delivered was good which shows the expansion is working. If you choose to invest in EG, you are making a decision to grow with the business. The business needs to grow before it can reward shareholders. Hence, dividend is last thing on their mind. 


3. YeeLee (Maturing Growth Stock) :


A slow and steady consumer counter which has quietly delivered consistent growth and profit for the past 5 years. It is not glamorous, nothing to shout about, but it delivers. We like companies like that. Your silent unsung hero. Fundamentally, YeeLee is strong. Balance sheet is strong. Business solid. Additionally, it is growing every year topline and bottomline. This year it even broke the RM1 billion revenue mark. We called YeeLee as our 2nd last Value Pick in 2016 at RM2.30, it hit our TP of RM2.68 nearing the release of the quarter results. However, Dividend Yield investors may not like YeeLee as the DY is very low. In another words, the management is not rewarding shareholders enough. To us, we are happy to invest in YeeLee even though the DY is low. This is because YeeLee is a maturing growth stock and the management is using the companies funds to grow the business continuously but at the same time, declared a minimal dividend as a token sum for investors who stayed on with them. This to us, is acceptable corporate decision.

4. DIGI (Blue Chip) :

One of the most well run company in KLCI, it has been consistently paying good dividend to shareholders for the past 10 years. Even last year, when most Telcos were suffering, DIGI manage to maintain 4% Dividend Yield for investors on top of capital gain for those who entered around RM4.40 with us in mid of 2016. Today it is RM5.10. The company has a 100% dividend payout policy from their profits and shareholders who like dividend yielding counters absolutely love DIGI. This is also among the many reasons why DIGI is considered a Blue Chip company. DIGI is considered a mature, stable business with strong recurring income. Whatever growth there is to the company, it would be minimal. In order to attract investors to invest in the company, it gives good dividend yield. Additionally, it is because DIGI can do it due to their steady and strong balance sheet.   

5. Poh Huat (Growth + Good Dividend Stock) :


The furniture sector has been very hot for the past few years. This is largely due to their export nature in the business as well as the beneficiary from weak MYR. The annual growth of local Malaysia furniture companies has also been extraordinary due to increasing labour cost in China, resulting in shift to Malaysia. The reputation of good quality furniture from Malaysia internationally also helped the sector. As a result, a company like Poh Huat have been defying slow economy to grow YoY and QoQ while giving good Dividend Yield to investors to the counter. Many other notable investors have done a write up on Poh Huat. We were quite late to the game as we only invested when it was at RM1.73. Today it is RM1.96. We believe the company will continue growing with the primary market being US whose housing market has been resilient and income derive in USD. Poh Huat is one of the few companies in KLCI like LiiHen which is showing good growth and still giving good DY.  


Conclusion :-

Dividend is an integral part of investing in the market. While not everyone like dividend stocks as part of their portfolio, one cannot deny the beauty of having to collect dividend annually.

We hear many stories of those who bought Public Bank 20-30 years ago living off purely on the dividend distributed by Public Bank every year. This is a success story of dividend investing. We also hear many who made more money through capital gain of the shares instead of dividend yield, like for the past few years, those who invested in export driven stock at the bottom then selling at the peak.

Regardless what kind of investment choice, choose the investment strategy that one is most comfortable with, For us, we are very happy to invest in strong fundamental stocks with good dividend yield / growth prospect.
_________________________________________________________________________________

Please note that I respect all investment styles and in no way saying one method of investing is better than another. I know that everyone has their own preferred method and that is what makes the market interesting. Diversity. 

To join my telegram channel : https://telegram.me/tradeview101



or Email me to sign up as private exclusive subscriber tradeview101@gmail.com


Food for thought: 

Image result for dividend quote

Labels: VIS, EG, YEELEE, DIGI, POHUAT
  6 people like this.
 
VenFx Hmmm,

When tradeview SIFU called EG, it was 86 sens, today it is around 90 sens. The company released their recent results which was really good.

I cant understand how most retailers react to this Rooster EGgs Fund Raising Call. But , i'm happily to accumulate it's warrant C while i have extra cash ... What a Great Bargain indeed $$$
18/03/2017 17:32
zhangliang Agree with you VenFx bro. Same boat with u on EG
18/03/2017 17:35
VenFx Then ,we desparately need the R.I. to settle in good; then,re-swing to its new up trending.
18/03/2017 17:43
Erudite thanks for good share!
19/03/2017 17:36
VenFx I'm looking for EG's 2.0 Bil Revenue on 2018 .
Listing of its Thailand subsidiary will furthur unleash their value.
19/03/2017 17:59
ValueInvesting http://klse.i3investor.com/blogs/tradeview/113493.jsp Nice call
20/03/2017 01:12
zhangliang nothing to worry, tradeview call mid to long term. Will perform one. give it some time. I already experience that with Vis, Magni and Yeelee....
20/03/2017 11:08
tradeview Pohuat results is spectacular. Well done to the management for keeping to their words
22/03/2017 17:18

(Tradeview 2017) - EcoWorld International IPO Investor Roadshow (10th March)

Author: tradeview   |  Publish date: Sat, 11 Mar 2017, 06:18 PM   |  >> Read article in Blog website




Dear fellow readers, 

As some of you all may know, my background is a professional in the Corporate M&A and Real Estate industry. Recently, we were invited to take part in the EcoWorld International IPO Investor Roadshow as a prospective investor.  

The event was once again held in Mandarin Oriental, Kuala Lumpur on 10th March. EcoWorld International CEO, Dato Teow Leong Seng, EcoWorld Bhd CEO Datuk Chang Kim Wah, and staff were in attendance along side bankers, lawyers and notable investors. I would like to take this opportunity to share some key takeaways for all.

Once again, these writings are just my humble highlights (not recommendation), feel free to have some intellectual discourse on this. You can reach me at :


Telegram channel : https://telegram.me/tradeview101

Website / Blog : http://www.tradeview.my/

Facebook : https://www.facebook.com/tradeview101/

or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com

_____________________________________________________________________________



1. EcoWorld International ("EWI") is property developer with primary investments and development projects in London, UK and Sydney, Australia.  


2. Currently, there are 3 key projects in London namely City Island, Wardian, Embassy Garden and 1 key project in Sydney namely West Village, Parramatta.





2. Below is a video of Dato' Teow explaining the 4 key projects.




4. The 4 key projects has a combined GDV of RM12.96 Billion.




5. Profit recognition for EWI will likely kick in FY2018 when most of the project's Phase 1 achieve completion.



6. Retail offering is priced at RM1.20. Of the total shares capital,  only 17% is allocated for the retail investor. Institutional investor will have 18.7%, EcoWorld Bhd and GuocoLand will each have 27%. EPF and PNB has also agreed to come onboard as cornerstone investor for the institution portion. 




6. Despite various headwinds such as Brexit, Trump's surprise Presidential win, EWI continued to maintain the strong performance. As at 31 January 2017,  EWI achieved a cumulative sales of RM6.5 Billion. This is truly impressive. 





7. Contrary to hearsays and rumours in the market, majority of EWI's sales in UK and Australia are the locals. China and HK leads close second followed by Malaysians. This well-balanced portfolio of buyers is actually sustainable.

8. GuocoLand's tie-up with EWI will potentially unlock the value of Guoco's many old hotels which are due for redevelopment. Initially, we were worried that EWI and Guoco were in it together merely to share the risk instead of true synergistic opportunities. Following Dato' Teow's explanation, we were satisfied that both parties are in line to work towards growing EWI together.


Our Opinion : 

EcoWorld International is the continuation of the remarkable turnaround tale of Tan Sri Liew Kee Sin and his team of loyal soldiers since their departure from SP Setia (following the move by PNB). If EcoWorld Bhd's reverse takeover of Focal Aims was Chapter 1, EcoWorld International is definitely the second coming. 

We believe in the prospect of EcoWorld International for the following reason :

1. We have visited 2 out of 3 of EWI London's project and seen it for ourselves that the projects' response was overwhelming.


2. GuocoLand belongs to Tan Sri Quek Leng Chan who is known for his sharp investment and corporate moves. He would not take up such a big stake if there is no substantial upside to this company.

3. EWI still has many of Tan Sri Liew's loyal and competent staff with him. The board of directors are highly respected professionals in their own field such as former CEO of EPF Tan Sri Azlan Zainol, prominent banker former MD of AmBank Cheah Tek Kuang amongst others. 

4. EWI interest among the own company's staff, bankers, lawyers and public retail investors are extremely high. Such excitement in a major IPO has not been seen in a long time.

5. We are 100% certain EWI shares will be heavily oversubscribed many times over. 

6. Tan Sri Liew is on a trajectory towards building an international company. He has moved on from being just the biggest Malaysian property developer. A man who is out to retrieve a lost child is fearless. We have yet to have the privilege to meet Tan Sri Liew himself. However, we may witness one of the best corporate tycoon of Malaysia in our time reaching the pinnacle of his career. A rags to riches story, who wouldn't like to support it?




_________________________________________________________________________________

Telegram channel : https://telegram.me/tradeview101

Website / Blog : http://www.tradeview.my/

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or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com

Food for thought: 




  5 people like this.
 

(Tradeview 2017) - What Makes The Price Of A Stock Go Up?

Author: tradeview   |  Publish date: Wed, 8 Mar 2017, 04:18 PM   |  >> Read article in Blog website


Bernie Klinder
Bernie Klinder, MBA, Entrepreneur, and active investor for +15 years
When you buy shares in a firm, you own a percentage of that company. Or in accounting terms: (assets - liabilities = shareholder equity). The stock price however is based (theoretically) on the previous number, plus the discounted cash flow of future earnings.
I'll spare you the math on discounted cash flows and other value calculations, but most institutional professionals invest based on a common set of formulas that determine where the stock price should be in the future given some basic assumptions of growth, future earnings, economic outlook, etc. So if a company is worth $100 million today and they are expected to increase sales and profit margin, the value of the firm will increase, as well as it's share price. (Typically that outlook is 3-5 years, it's hard to predict longer term). So if the future value is estimated to be near $120 million, then the stock price would rise about 20%.
That is, if all investors were rational.
Most retail investors are not rational, and tend to overvalue a firm. A recent example would be Nintendo, and the rush of inexperienced investors "betting" that the Pokemon Go craze would make the company a fortune. Astute investors read the fine print and knew that Nintendo was only going to see about 30% of the profits. So the stock quickly became overbought by retail investors, and shorted by the pros. The typical cycle looks like this:
Like any market, if there are more buyers than sellers, the price goes up (regardless if the real value of the firm has changed or not.) If the current stock price is $50 and no one is willing to sell their shares for $50, then they may bid higher. Conversely, if someone wants to sell their shares and no one is buying, they will have to either lower their price or hold the shares until prices recover. Any time there are more sellers than buyers, the price will fall.
Professional investors make their money by calculating the real value of a stock (this is not an exact science) and buying it below that value, and selling it when it hits a threshold above that value. In the short term, stock prices are based on often irrational expectations. Sooner or later, they return to their actual value.
Another example is Tesla - its market cap (share price x number of shares) is over $30 billion. (In comparison, Ford and GM are each worth about $50 billion) Today's stock price is around $230 per share, but Tesla's actual book value is around $7.25 a share, or about $1 billion. The difference between those two numbers is the expectation of future earnings (that Tesla will be the next big thing). However, the + $200 a share difference (multiplied by 148 million shares) means that they need to sell a lot of cars. The professionals think that the stock is way overvalued, and as a result over half the shares of Tesla are currently being sold short (betting the price will fall dramatically.)
Dividends are typical paid by large, stable, mature companies that generate lots of cash. Growing companies reinvest their cash into the business in order to keep growing. Instead of offering a dividend with a yield of 2-4%, your "earnings" will be based on the gains in share price as the firm increases in value. It's easier for 1 billion dollar company to become a 2 billion dollar company, than for a 100 billion dollar company to double in size. So the behemoths reinvest a smaller overall percentage back into the business, and distribute the rest to shareholders.
Hope this was helpful.
_________________________________________________________________________________
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  5 people like this.
 
stockmanmy good article.
08/03/2017 16:51
zhangliang Thanks for sharing
08/03/2017 16:52
stockmanmy This article is better than value investing and those who believe stock prices are a discounting / forecasting machine


This is the real deal.
08/03/2017 16:59
moneySIFU Sound interesting, will read tonight.
------------------------------------
Posted by stockmanmy > Mar 8, 2017 04:59 PM | Report Abuse
This article is better than value investing and those who believe stock prices are a discounting / forecasting machine


This is the real deal.
08/03/2017 17:12
Ezra Posted by stockmanmy > Mar 8, 2017 04:59 PM | Report Abuse
This article is better than value investing and those who believe stock prices are a discounting / forecasting machine


This is the real deal.
------------------------------------------------------------

>Had zero idea what is Value Investing.
>Tries to act like a pro and criticize Value Investing.

The above article is talking about Value Investing, smartass.


-Above article: "When you buy shares in a firm, you own a percentage of that company. Or in accounting terms: (assets - liabilities = shareholder equity). The stock price however is based (theoretically) on the previous number, plus the discounted cash flow of future earnings."
= Discounted Cash Flow Analysis

-Above graph:
=Contents taken from Benjamin Graham's book: The Intelligent Investor.

"Better to remain silent and be thought a fool than to speak out and remove all doubt." - Abraham Lincoln
08/03/2017 18:21
VenFx Stockmanmy, baru kena amdui in pre mature selling of Ekovest ; now kena dui by Ezra.
Bad day or Bad luck ?
Want to have a touch with Excellent Good Luck ?
Follow me to boat on Rooster EGg ... be QUICK !!!
08/03/2017 18:30
moneySIFU It is good article, price movement is sometimes determined by demand & supply relationship. I always thinking trading in shares just like investment in property.

However, what is the meaning of price in property market? It's the value of property that you are hoping to buy for owning it or sell for cashing out.

How about sundry goods in a shop? You buy & pay for it because you need to use it later.

After all, it's the value of goods that determine the price, not the price that decide what should be the value of goods.

For stock market, if you think it as a business & do your own due diligence, then you will know how much you need to pay for owning it. It's the value of the business & future prospect that decide the price BUT not the price that determine the value of the company.

Price is temporaily in stock market, but you are judged y looking at the price if you are winner or loser later.
08/03/2017 21:22
moneySIFU Knowing the value & pay as low as possible, sell it when people willing to pay high for it, then you will be the winner
08/03/2017 21:25
stockmanmy ezra


what value investing when don't even know how prices work?
08/03/2017 21:27
moneySIFU So, do your homework to find out good value company which is still selling at cheap
08/03/2017 21:27
stockmanmy Ezra..


the only value investors are those portfolio managers making 5% or less p.a.



The real money is in Dynamic Investing and by super investors who sailang every thing
08/03/2017 21:37
stockmanmy what makes a share go up and down is hardly ever value........................

it is always the X factor that makes a share go up or down.

lets say....a company announces increase profits from 10 sen to 20 sen. ...the share goes up from $ 1 to $ 2.

value investing my foot.

the price has doubled but still the same old company making slightly more money with no assurance any thing is repeatable.
08/03/2017 21:49
Ezra Posted by stockmanmy > Mar 8, 2017 09:37 PM | Report Abuse

Ezra..


the only value investors are those portfolio managers making 5% or less p.a.



The real money is in Dynamic Investing and by super investors who sailang every thing

---------------------------------------------------

Another case of know nothing, talking b***shit again.
Please go find out what is the return of Berkshire Hathaway, OakTree Capital, Value Partners, Scion Capital before you open your big mouth.

Dynamic Investing, which fund practices that? What return did they have? Provide with numbers and facts.
You don't even have an investing record for your own investing returns.
08/03/2017 23:09
KLCI King stockmanmy, I have seen you talking non stop promoting your so called "dynamic investing", which you admitted the core is to listen to news & rumours.

To me, you are just another apek in kopitiam pretending to be pro in stock market.

What Ezra said has sum it all for you.


Posted by Ezra > Mar 8, 2017 11:09 PM | Report Abuse
Another case of know nothing, talking b***shit again.
Please go find out what is the return of Berkshire Hathaway, OakTree Capital, Value Partners, Scion Capital before you open your big mouth.

Dynamic Investing, which fund practices that? What return did they have? Provide with numbers and facts.
You don't even have an investing record for your own investing returns.
08/03/2017 23:15
yenhui_koh Different methods for different type of market players. Value investors go for DCF, ratio analysis, etc...Technical go for charts and indicators. As long as you able to earn a good return by applying the method(s) you are comfortable with, then it's a good strategy.

Being one of the value investors, I would say we have our own ways of looking at the market and it's definitely different from other schools, so why should we pay that much attention to the noise?

IMHO, just stop giving limelight to attention seeker, especially a tin-kosong one. Keep responding to those ambiguous statements are just a waste of time and life.
09/03/2017 00:27
VenFx Manmy, follow your way to Hoot kaw kaw in EG-wc, sure will proof your theory.
I follow your idea ... sailang till my last drop I even sold my underwear for it.

Come on don't lost this chance, u hv missed Jhm, ViS ... do not miss the Rooster EGg !
09/03/2017 01:11
Frank Soweto dun play play i3 got plenty of real sifus - u can lie one time n get away with it but when u keep lying the sifus beh tahan huh u r PHARKED LOL - they will come out n take your dynamite investing in shove it up where the sun dun shine n BOOM it goes LOL
09/03/2017 05:19
stockmanmy my wife sailang D & O
She braver than me.

VenFx > Mar 9, 2017 01:11 AM | Report Abuse

Manmy, follow your way to Hoot kaw kaw in EG-wc, sure will proof your theory.
I follow your idea ... sailang till my last drop I even sold my underwear for it.

Come on don't lost this chance, u hv missed Jhm, ViS ... do not miss the Rooster EGg !
09/03/2017 09:32
stockmanmy do you buy a share and keep for life or 3- 5 years?

if not, don't BS me about value investing.


Frank Soweto > Mar 9, 2017 05:19 AM | Report Abuse

dun play play i3 got plenty of real sifus - u can lie one time n get away with it but when u keep lying the sifus beh tahan huh u r PHARKED LOL - they will come out n take your dynamite investing in shove it up where the sun dun shine n BOOM it goes LOL
09/03/2017 09:38
stockmanmy value investor? go buy IWCITY and keep for 25 years la.


Frank Soweto > Mar 9, 2017 05:19 AM | Report Abuse

dun play play i3 got plenty of real sifus - u can lie one time n get away with it but when u keep lying the sifus beh tahan huh u r PHARKED LOL - they will come out n take your dynamite investing in shove it up where the sun dun shine n BOOM it goes LOL
09/03/2017 09:41
stockmanmy all forecasting is too inaccurate to be useful.
Pick up phone talk to CEO more accurate.


yenhui_koh > Mar 9, 2017 12:27 AM | Report Abuse

Different methods for different type of market players. Value investors go for DCF, ratio analysis, etc...Technical go for charts and indicators. As long as you able to earn a good return by applying the method(s) you are comfortable with, then it's a good strategy.
09/03/2017 10:01
zhangliang I think all have own method to invest. Value investing, Chartist, TA whatever. Thats why our market is always fluctuate.... If all same style, market may not move. Hence no point fighting over the method! Have fun investing with ur own style!
09/03/2017 11:30
MyGadangHuatBo stockmanmy like to talk rubbish & not constructive
09/03/2017 20:06
MyGadangHuatBo See stockmanmy everywhere but no one can understand what he is talking about, except he himself kaki talk kaki song only
09/03/2017 20:08
kmohan62 One will not lose money if he or she kept the content of this article in mind before,while and after investing...throw in the ability to keep one's emotion in check.
09/03/2017 20:40
stockmanmy actually you don't have to know.
You know only when you are ready


MyGadangHuatBo > Mar 9, 2017 08:08 PM | Report Abuse

See stockmanmy everywhere but no one can understand what he is talking about, except he himself kaki talk kaki song only
09/03/2017 20:53
Tripaka Malaysian stock market is mostly ruled by emotions. Want to get rich in the quickest time and do not exercise patience. I am one of them but learning to change gradually. Speculators and syndicates capitalize on this emotional behavior and almost all the time the losers are ones running from one counter to another when uptrend is detected. Typical herd behavior. However, a few sometimes make big money from this but in the end will also lose everything unless he can manage his wealth soundly.
09/03/2017 20:55
PlsGiveBonus It is the Donald Trump
He made Dow Jone great again
God bless him
09/03/2017 21:12
stockmanmy you think Wall Street is based on based and reality?
in many sense Wall Street is worse than Malaysia.

Alternative news elected a President in America.

I tell you want is fact... what is good for Wall Street short run is bad for economy long run.




Tripaka > Mar 9, 2017 08:55 PM | Report Abuse

Malaysian stock market is mostly ruled by emotions
09/03/2017 21:14
PlsGiveBonus When Dinald Trump open his mouth
The next day the stock price drop
:))
09/03/2017 21:15
stockmanmy no one understands any thing until / unless they understand Yin Yang.
09/03/2017 21:22
limch Talk abt IW City. Last QR is loss so people chasing now expect coming QR big profit? How many will hold for 25 years?

Posted by Tripaka > Mar 9, 2017 08:55 PM | Report Abuse
Malaysian stock market is mostly ruled by emotions.

Posted by stockmanmy > Mar 9, 2017 09:41 AM | Report Abuse
value investor? go buy IWCITY and keep for 25 years la.
09/03/2017 21:25
stockmanmy if you are not holding for 25 years, you are not value investor. You are buying for factor X


limch > Mar 9, 2017 09:25 PM | Report Abuse

Talk abt IW City. Last QR is loss so people chasing now expect coming QR big profit? How many will hold for 25 years?
09/03/2017 23:15
stockmanmy share up and down is not due to value investing.


it is due to X factor.


fake news just as important as real news.
10/03/2017 10:50
stockmanmy my wife sailang D & O
She braver than me.

ven.....sailang D & O
10/03/2017 10:50
yenhui_koh I don't see any difference between DCF, trend indicators and your suggestion - phone call to CEO. They are all forecasting and hence an estimation.

When you do DCF, you estimate the intrinsic value of a company based on its past financial performance;
When you draw support/resistance/zone/band, you estimate its TP and when to cut loss based on its past share price performance;
And when you ring the CEO, you ESTIMATE the company growth/future prospect based on the information provided by the CEO.

If audited financial report and/or market share price could not give you any sense of confidence, why would a conversation with CEO could when he/she has no say on the industry future?


stockmanmy > Mar 9, 2017 10:01 AM | Report Abuse

all forecasting is too inaccurate to be useful.
Pick up phone talk to CEO more accurate.


yenhui_koh > Mar 9, 2017 12:27 AM | Report Abuse

Different methods for different type of market players. Value investors go for DCF, ratio analysis, etc...Technical go for charts and indicators. As long as you able to earn a good return by applying the method(s) you are comfortable with, then it's a good strategy.
10/03/2017 22:58
miker Companies that consistently distributes good and increased dividend Q-by-Q and/or Y-by-Y will makes it price goes up.
Consistent good and increased dividend reflects all other factors or parameters - good management, efficient, business strategies, creative, innovative, valuing shareholders....
10/03/2017 23:08
stockmanmy yen

if you really look at what analysts do with their DCF, you will spit on it and tear up their work.
10/03/2017 23:20
stockmanmy that is what they tell you but not what happens in KLSE.



miker > Mar 10, 2017 11:08 PM | Report Abuse

Companies that consistently distributes good and increased dividend Q-by-Q and/or Y-by-Y will makes it price goes up.
Consistent good and increased dividend reflects all other factors or parameters - good management, efficient, business strategies, creative, innovative, valuing shareholders....
10/03/2017 23:21
Frank Soweto Posted by stockmanmy > Mar 9, 2017 09:38 AM | Report Abuse
do you buy a share and keep for life or 3- 5 years?
if not, don't BS me about value investing

value investor? go buy IWCITY and keep for 25 years la.



err actually on my portfolio of stocks more than 70 % are over 2 years n in that 40 r over 5 n 10 % r over 10 years - 25 years ? sure why not - when I get as old as u or when I retire probably my muhibah,pantech,keuro,etc will be there or close LOL

by the way I missed on IWCITY coz I got tat stupeed KSL n I'm still underwater LOL
11/03/2017 03:21
Flying Cloud Stockmanmy, your big talker only, don't try to talk rubbish, you are just a few percents better that John Lu & Calvin only.

133) stockmanmy +13.7% 113747.88 http://klse.i3investor.com/servlets/cube/stockmanmy.jsp
14% LEONFB 0.635 0.465 25700|13% AIRASIA 2.830 2.290 5200|12% SAM 5.860 4.900 2400|12% AAX 0.405 0.360 33200|12% SCIENTX 7.300 6.700 1800|11% MAGNI 5.070 4.190 2400|10% AEONCR 15.700 14.360 700|9% SCGM 3.570 3.400 2900|7% CSCSTEL 1.800 2.150 4600 (113476.50:271.38|240.12)
11/03/2017 07:51
Flying Cloud Posted by Ezra > Mar 8, 2017 11:09 PM | Report Abuse
Another case of know nothing, talking b***shit again.
Please go find out what is the return of Berkshire Hathaway, OakTree Capital, Value Partners, Scion Capital before you open your big mouth.

Dynamic Investing, which fund practices that? What return did they have? Provide with numbers and facts.
You don't even have an investing record for your own investing returns.
11/03/2017 07:52
stockmanmy The best record of Dynamic Investing I know of is KYY.
A true practitioner.
Learning the Art of Sailang from a young age.

I guess with a record like Soweto, you can call your self a true value investor. Can a value investor go far in the long run? 10% per annum perhaps,
Value investor using all the tricks in investment books and CFA courses? Can they beat the Index? In the long run, not likely.
11/03/2017 12:11

(Tradeview 2017 华文股评) 价值股 No.6 : Scope Industries Bhd.(0028)

Author: tradeview   |  Publish date: Sat, 4 Mar 2017, 09:39 PM   |  >> Read article in Blog website





Image result for scope industries berhad logo



Dear fellow readers, 

Some interested readers emailed me for mandarin version of my articles. Attached below is the mandarin version for Scope Industries Bhd. Please note, I have a translation feature tool at my website for those who intend to read in other languages.


一些感兴趣的读者给我发送了电邮要求文章华文版本。下面是Scope Industries Bhd的华文版本。请注意,我在我的网站上加了翻译工具,以方便读者用其他语言阅读。

这是 Tradeview 2017 第 6 - 价值股. 

再次,这些作品只是我个人的分享(不是推荐),随意对此文章进行交流。若想联络本人,可以:

参与我的 telegram 频道: https://telegram.me/tradeview101

发Email 成为会员  : tradeview101@gmail.com

部落个: http://www.tradeview.my/

Facebook : https://www.facebook.com/tradeview101/

_____________________________________________________________________________

价值股 No.6: Scope Industries Berhad (目标价 - RM 0.20) 

在我开始之前,我想分享一下,我们不仅仅写中型和大型股票。一些读者问我们为什么Tradeview不写小盘股。对我们来说,只要股票具有坚实的基本面,强劲的资产负债表和被低估的增长前景,我一定会写无论是股票是小,中,大。

今天,我将写有史以来最小的股票。当然,我会给予预先警告,因为这是小型股票和业务正开始好转,这股票的风险比我其他价值股风险更高一些。所以那些对高风险有承受力的人,你可以选着放弃此股。

Scope Industries Bhd, 的业务是电子制造和棕榈油。对于其制造部门,它是最大的本地PCBA公司之一服务着著名的OEM和MNC。


该公司从小型商店拓展到拥有自己的制造设施和工厂并拥雇用 550多名员工。



至于公司的种植部门,自1990年代就一直在业界。它最近做得很好,符合CPO价格的飙升。虽然交易量下降,但平均销售价格的上升有助于公司的盈利和贡献。


从2013年至2017年的5年图表中,您可以看到,由于收入和净利润下降,2013年至2015年公司业绩每况愈下。 2016年是第一年,它打破了趋势,实现了净利润160万令吉。截至2017年底的最新季度业绩,仅2个季度已经超过2016年的全年利润。利润率也随着收入的增加而大幅提高。此前,Scope也被其种植单位拖累。过去几个季度,种植单位一直在积极的表现。我相信即将到来的季度应该能够维持。


我喜欢Scope有很多原因。首先,公司历史悠久。其次,这是一个业绩开始好转的趋势,也来自一个低的起点。第三,股价似乎已经找到了底线。因此,我相信未来的前景将进步。我谨慎乐观公司能保持其盈利在即将到来的季度。如果公司成功表现,它将是第一次连续的四个季度,Scope交出盈利。


然而,有一个非常重要的原因,我愿意考虑这样一个小股。与其他在市场上债务高,收入差,资产负债表丑陋,Scope 的资产负债表相对强劲。它是一个净现金公司,现金流是健全的。最近,由于营业利润的提高,公司净现金从4百万令吉进一步增长至9百万令吉。现金的增加主要来自经营,而不是来自任何配售/权利/公司行为。此外,Scope的NTA值为21 sens。因此,作为小股,我不太担心。




Scope 管理层对2017年前景也看好。对于制造单位,公司计划扩大客户群。此外,种植单位已经开辟了新的收获区,这将有助于提高公司收入和底线。


鉴于管理层的信心在2017年6月能实现好的业绩,我认为考虑投资Scope 是值得的,因为我相信股价不会保持在目前的水平。

公司大股东的出售已经减少。事实上,股东们越来越多地逐步回购。平均购买价格约为17 sens,高于目前的15.5 sens 价格 (1 March)。因此,以当前价格进入是相当安全的。




看着Scope的图表,在我看来,股价到了一个底线。这意味着上升趋势高,下跌趋势有限。自2015年中期以来,Scope 从40 sens下降到目前的15.5 sens,由于收入大跌。随着最近的季度业绩好转,它有很好的机会打破16 sens 阻力走向近高19 sens 的感觉。没有理由Scope 不能回到挑战19 sens阻力。当前价格为15.5 sens,Scope是24x PE。然而,这个估值包含了前季度的亏损。随着EPS总额在0.63 sens 左右(包括亏损),我相信有很好的机会,Scope 将在未来的季度利润,估计每股收益大约0.2-0.4 sens。如果真是如此,全年每股收益将约为 1 sen,并应用20x PE(包括净现金原因),则Scope可能向20 sens移动。现在,这将是我的初始TP,等待观察下季度的结果


*请注意,这是小型股。因此风险较高。对于那些没有高风险承受力,请勿要跟随。
________________________________________________________________________________


参与我的 telegram 频道: https://telegram.me/tradeview101


发Email 成为会员  : tradeview101@gmail.com

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Food for thought: 

Image result for share market quotes

Labels: SCOPE
  4 people like this.
 
kakashit 我喜欢隐藏的种植股
06/03/2017 09:41
zhangliang 我也是!
06/03/2017 18:34
jessieps hi there sifu, this share still can move further? i bought at the high rm0.255?
07/04/2017 10:51
tradeview Hit our TP.
29/05/2017 09:48

(Tradeview 2017) Value Pick No. 6 : Scope Industries Bhd. (0028)

Author: tradeview   |  Publish date: Fri, 3 Mar 2017, 10:47 AM   |  >> Read article in Blog website



Image result for scope industries berhad logo


Dear fellow readers, 

This is my No. 6 Value Pick for 2017. 

Once again, these writings are just my humble highlights (not recommendation), feel free to have some intellectual discourse on this. You can reach me at :


Telegram channel : https://telegram.me/tradeview101

Website / Blog : http://www.tradeview.my/

Facebook : https://www.facebook.com/tradeview101/

or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com

_____________________________________________________________________________

Value Pick No. 6: Scope Industries Berhad (Initial TP RM 0.20) 

Before I start, I would like to share that we do not only write about mid and large cap stocks. Some readers have asked us why Tradeview do not write on small cap stocks. To us, as long as the stock has solid fundamentals, strong balance sheet and growth prospect which is currently undervalued, I will definitely write regardless small, mid or large cap. 



Today I will be writing on the smallest cap stock I have ever written. Of course, I will give an upfront warning, as this is a penny stock and on a turnaround play, this stock is higher risk compared to all my other value picks. So for those who have low risk tolerance, you can skip this.

Scope Industries Bhd, is in the business of Eletronic Manufacturing and Palm Oil. For its manufacturing division, it is one of the largest local based PCBA companies serving reputable OEM and MNC. 

The company had humble beginnings building the business from a small shop lot to its own manufacturing facilities and plant with over 550 employees.

As for the plantation division, the company has been in the industry since 1990s. It is doing well recently in line with the CPO price. Although volume has fallen, the higher average selling price helped to deliver and contribute to the company's bottomline. 



Looking at the 5 year chart from 2013 to 2017, you can see the Scope has fell into the red between 2013 to 2015 due to falling revenue and net profit. 2016 was the first year it broke the trend and achieve a net profit of RM1.6 mil. As of the latest quarterly results for FY end 2017, 2 quarters alone have already exceeded the full year profit of 2016. The profit margin has also improve significantly in line with the increase in revenue. Previously, Scope was also dragged down by its plantation unit. Past few quarters, the plantation unit has been churning positive results. I believe the coming Q it should be able to maintain. 




 I like Scope for many reason. Firstly, it has been around for some time. Secondly, it is a turnaround play coming from a low base. Thirdly, the company appear to have found its footing. Hence, I believe the future prospect is intact. I am cautiously optimistic for it to maintain its profitability in the coming QR. If Scope successfully pulled it off, it will be the first consecutive 4 quarters in a row that Scope delivered profit. 

However there is one very important reason I am willing to consider such a small penny stock. Unlike others in the market which has high debt, poor earnings, ugly balance sheet, Scope's balance sheet is relatively strong. It is a net cash company and the cashflow is healty. Recently, due to the improvement in operating profits, the company net cash position strengthen further from Rm4++ million to RM9++ million. This increase in cash position is mainly from the operations and not from any placement / rights / corporate exercise. Furtheremore, Scope has NTA value at 21 sens. Hence, there is less of a concern as a penny stock status. 





The 2017 prospects by Scope looks promising as well. For the manufacturing division, the positive is the company plans to expand the customer base. Additionally, Plantation division have opened up new harvesting area which will help boost the topline and bottomline.  


Given the management confidence of being able to deliver a positive performance to FY June 2017, I think it is worthwhile to consider investing in the company for the mid term basis as I am sure the share price will not stay at current level. 




The selling by substantial shareholder of the company has abated. In fact, there is an increasing and gradual buyback by the shareholders. The average purchase price is around 17 sens which is higher than current price of 16 sens. Hence, entering at current price is rather safe. 




Looking at the chart of Scope, in my view it has found a bottom somewhat. Which means the downside is limited compared to the upside. Since middle of 2015, Scope has falled from 40 sens to currently 15.5 sens due to downtrending earnings. With recent positive quarterly results, it has a good chance of breaking out  16 sens resistance to move towards the recent high of 19 sens. There is no reason Scope cannot return to challenge its high of 19 sens with a full year of positive earnings. At current price of 15.5 sens, Scope is trading at a multiple of 24x.  However, this trailing valuation takes into account of a quarterly loss. With EPS total around 0.63 (incuding a loss), I believe there is a good chance they will make a profit in coming Q with estimated EPS around 0.2-0.4 sens. Should that happens, the full year EPS will be around 1 sen and applying a multiple of 20x (factor in the net cash position), there is a possibility that Scope can move towards 20 sens. For now, this will be my initial TP pending the observation of the coming quarter results. 

*Please note this is a penny stock and tunaround play. Hence the risk is higher. For those who do not have such appetite, feel free to skip.
________________________________________________________________________________

Telegram channel : https://telegram.me/tradeview101

Website / Blog : http://www.tradeview.my/

Facebook : https://www.facebook.com/tradeview101/

or Email me to sign up as private exclusive subscriber : tradeview101@gmail.com

Food for thought: 

Image result for share market quotes


Labels: SCOPE
  6 people like this.
 
Erudite Thanks for sharing!
03/03/2017 11:43
DLGF Good one ! very detailed analysis ...
03/03/2017 14:54
lala123 Well written article and of course, good call! *thumbs up*
03/03/2017 16:01
zhangliang Thank you for the highlight! more than 70% return!
22/03/2017 10:48
tradeview Hit our TP.
29/05/2017 09:48

(Tradeview 2017) - Monthly Report Card (As at 1st March 2017)

Author: tradeview   |  Publish date: Thu, 2 Mar 2017, 05:54 PM   |  >> Read article in Blog website


Image result for report

Dear fellow traders / investors,

As this is a new year, I will be continuing the practice of recording my calls for the public. The report will show the record for year 2017. The purpose is for transparency and accountability. This is the updated results as of end February. 

For those keen to be a subscriber, there are several links below





This is just a simple periodical report to keep track of the progress of my picks for readers. Feel free to cross check my public comments / article posting date as reference for the calls. Some are calls, some are articles on value picks but all are documented.
_________________________________________________________________________ 

*The picks from when it was call until 1 March 2017 : (Gains exclude div) 

1. Poh Huat - Called on 23 December @ RM 1.73 vs Present RM 1.81 (4.6% Gain) 

2. Allianz - Called on 7th Jan @ RM 10.18 vs Present RM 11.34 (11.4% Gain) 

3. EG Industries - Called on @ 9th Jan RM 0.865 vs Present RM 0.89 (2.9% Gain) 

4. CCK Consolidated - Called on @ 23rd January RM 0.645 vs Present RM 0.64 (-0.01% Loss) 

5. Magnum - Called on @ 23rd January RM 2.10 vs Present RM 2.18 (3.8% Gain) 

*** For fairness, I excluded Magni and Yee Lee as both were 2016 Value Picks & MFCB and Jaks as called Nov / Dec 2016

As of now, it is 4/5 winners against losers.Should you are keen to follow my trades, there are 4 ways to follow Tradeview Group. I usually share my calls with :

1. Private Exclusive Subscribers first
2. Website / Blog / Facebook second
3. Telegram Public Channel third
4. Forum last 

If you are keen to have the earliest possible call picks or FA/TA coaching or value investing guidance, feel free to contact me at tradeview101@gmail.com to sign up. Thanks. 

Regards, 

Tradeview 

**Some counters I may have spotted at lower entry price but I displayed the call price based on my first mention in public forums. Also, of all the counters above, some counters I have taken profit, some are still holding, some I have cut loss. My private subscribers would know. 
  AC Gan likes this.
 


 

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