Highlights

Philip ( buy what you understand)'s Portfolio: S=QR PHILIP SHARED ONLINE PORTFOLIO 2019 

(Access Type : SHARED)

  
Total Value     Today's Change
      ()

Allocation:     Performance:

Stock: ()

Stock's Value
Current Holding 6 Stocks
All Time Holding 8 Stocks
% of Total Value

Cash: 33,220.60 ()

Available Cash Balance 33,220.60
Current Cash Balance -34,087.40
Unpaid Dividend 67,308.00
% of Total Value

Current: ()

Average Cost 77,217,592.02
Unrealized Gain
% over Average Cost

All Time: ()

Total Capital 67,780,510.95
Total Return
% over Total Capital
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Last updated:   

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[1] Click the What If Analysis on table to view the stock's What If Analysis Page.
[2] Click the Shares hyperlink on table to view the portfolio's stock page.

Stock: Current Holding  |  Cost: Average Cost  |  Click here to modify the options.

   Stock: 
 
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Stock Name   Last Price Change Shares Market Value % Average Cost Per Share Unrealized Gain % Day Gain %
What If Analysis   GKENT View note MYR 9,820,000 6,707,160.43 0.683
What If Analysis   PCHEM View note MYR 6,343,200 39,547,600.37 6.234
What If Analysis   QL View note MYR 1,388,500 9,577,608.94 6.897
What If Analysis   SERBADK MYR 2,650,000 3,659,361.60 1.380
What If Analysis   SERBADK-WA MYR 21,000,000 4,985,461.50 0.237
What If Analysis   YINSON View note MYR 2,375,400 12,707,178.58 5.349
$CASH 33,220.60
Total 100.00%

Hints : Click the Shares hyperlink on table to view the portfolio's stock page.

Stock Name   Last Price Change Shares Volume Open High Low Day Gain/Loss %
GKENT View note MYR 9,820,000
PCHEM View note MYR 6,343,200
QL View note MYR 1,388,500
SERBADK MYR 2,650,000
SERBADK-WA MYR 21,000,000
YINSON View note MYR 2,375,400

Hints : Click the Shares hyperlink on table to view the portfolio's stock page.

Stock Name   Last Price Price Range
(4 Wks)
Price Range
(52 Wks)
Market Cap
(Mil)
NOSH
(Mil)
Avg Volume
(4 Wks)
Avg
Price Target
T4Q
P/NAPS
T4Q
P/E
T4Q
DY(%)
T4Q
NPM(%)
T4Q
ROE(%)
GKENT View note MYR 9,820,000
PCHEM View note MYR 6,343,200
QL View note MYR 1,388,500
SERBADK MYR 2,650,000
SERBADK-WA MYR 21,000,000
YINSON View note MYR 2,375,400


  7 people like this.
 
qqq33333333 what price to buy and sell is very personal one...and how much to speculate...........and no one do speculate as much as KYY/OTB....and do rationalisations....its all rationalisations....if u want to rationalise, u can rationalise almost any thing...........


and 1 year down the road if profits and PE do not materialise............there is always a next one.........


Its fine for KYY to do whatever he wishes to do with his money......but its bad advise in the public domain.......A public figure should advise more like Philips/ that CIMB guy.........
21/05/2020 11:23 AM
Philip ( buy what you understand) Hi, appreciate if we can move the chit chat to my telegram, as I would like to leave this portfolio page for announcements and my personal postings. The telegram had been quite lively recently actually. A very good chat program
21/05/2020 11:28 AM
qqq33333333 how to join your telegram group?
21/05/2020 12:11 PM
Value888 Can someone clear the RM5.5 road block in Yinson pls?
21/05/2020 12:36 PM
Philip ( buy what you understand) Hi qqqq3, its at the top description. For some reason I cannot paste the address in chat.
21/05/2020 1:47 PM
Philip ( buy what you understand) It's the one with /Philipcapitalmanagement
21/05/2020 1:49 PM
Philip ( buy what you understand) Sslee, thank you very much. You are a veritable Nostradamus. The moment you sell, PCHEM share price goes up, adds 2 billion in market cap. Can you tell me what else you are seeking out buying so I can edit your portfolio so I know what to buy and avoid?

>>>>>>>>

I cash out my Pchem after reading this Q1 result. So tonight still got Bintang Beer and lobster.
21/05/2020 5:45 PM
Rwkl On the same score will he slash....er ahem cash out his Insas after reading its quarter result?
21/05/2020 8:13 PM
Philip ( buy what you understand) He said he wants to buy more, but I feel it is the ego talking. We all have our pet stocks, and sometimes learning to let go is the hardest thing.
21/05/2020 8:20 PM
Sslee Haha Philip,
You are wellcome. At least by my selling Pchem, it share price goes up.
Cheer.
21/05/2020 8:53 PM
Sslee And by the way I also sold Gkent that is why Gkent share price also goes up.
Double cheers
21/05/2020 8:57 PM
Philip ( buy what you understand) You are welcome to join our telegram chatgroup Lee. Many professionals to bounce ideas from.
21/05/2020 9:45 PM
Sslee Good morning Philip,
Thank you for the invitation, I love to join your telegram chatgroup to learn from all the group members. I shall listen more and talk less as I still have a lot to learn when come to investment.
22/05/2020 7:36 AM
qqq33333333 sslee....did u cash out of Pos too?

now 1.23.......

mine 1.02
22/05/2020 10:16 AM
Sslee Haha qqq3,
Gdex run faster the Pos.
As of Pos
https://www.freemalaysiatoday.com/category/nation/2020/05/19/business-has-been-bad-pos-malaysia-says-after-outrage-over-crying-rider/
Business has been bad, Pos Malaysia says after outrage over crying rider
22/05/2020 10:52 AM
qqq33333333 ok I cash out of pos 1.18
22/05/2020 11:05 AM
sniper123 hi philip how do i register 2 join ur telegram group???
22/05/2020 11:26 AM
Philip ( buy what you understand) Ooh just press the link at the top of my portfolio profile page.
22/05/2020 12:56 PM
sniper123 Hi philip, I wanna post on ur new telegram blog but 2 no avail???
22/05/2020 10:16 PM
Philip ( buy what you understand) Go to the chat. I don't think you can post on the channel
23/05/2020 2:21 PM
Philip ( buy what you understand) My thoughts on gloves.

https://klse.i3investor.com/blogs/Mentalmodels/2020-05-24-story-h1507829976-How_to_sell_Gloves_Stocks_or_buy_what_comes_out_in_newspapers_2_years_f.jsp
24/05/2020 2:40 PM
Philip ( buy what you understand) A lot of very good scuttlebutt information on the telegram discussion group. A lot of professionals working directly in those industries, glove supply chain, doctors and government stuff to share their work experiences and conditions that can be used to do on the ground research.

And yes, heavy stockpiling on gloves. In majority the sop for using gloves has not changed much, or at all. But suddenly a lot of SKL can give very wide interpretation of usage.
26/05/2020 7:40 AM
Sslee Good morning everyone,
If you had missed the hottest things in town maybe you can keep some cash for more discount day sales to come.

Meanwhile you can watch this BBC report: Middle class Americans queue at food banks as US unemployment hits 38 million. (Unbelievable!!! But seeing is believing)
https://www.youtube.com/watch?v=iWT9aOE0OGo
26/05/2020 8:58 AM
EngineeringProfit The worst of Covid is not over .....


......just about the end of the beginning
26/05/2020 9:00 AM
EngineeringProfit The US had a 14.7% rate of unemployment in April.

Researchers estimate that 42% of pandemic-induced layoffs will result in a permanent job loss.

COVID-19 will have 'profound, long-term consequences for the reallocation of jobs, workers, and capital across firms and locations'.
26/05/2020 9:06 AM
Philip ( buy what you understand) yes, but out of my area of competency, I am looking only at malaysia. Majority of malaysians are back to work, malls are slowly opening, and a lot of workers are back to office. Traffic jam has started.

So anyone who is investing in US market should be careful indeed.

And Malaysian companies that are exporting overseas should be very very careful indeed.
26/05/2020 1:14 PM
FearlessKaki Hi philip, how can i join your telegram group ?
26/05/2020 4:50 PM
Philip ( buy what you understand) Hi fearless, u can click the link at the top of my portfolio profile
26/05/2020 10:52 PM
Sslee Dear Philip,
Is the below news worth addition RM 1-2 to QL?
Can’t wait to see the QL quarterly report?

https://www.theedgemarkets.com/article/tm-and-ql-resources-likely-be-added-klci-index-%E2%80%94-cgscimb
KUALA LUMPUR (May 27): CGS-CIMB Research expects Telekom Malaysia Bhd (TM) and QL Resources Bhd to be added as FBM KLCI constituents when FTSE Russell announces the results of its upcoming semi-annual review of the FTSE Bursa Malaysia Index Series on June 4.
In a strategy note on May 22, the research house said AMMB Holdings Bhd and Malaysia Airports Holdings Bhd (MAHB) may be replaced by TM and QL Resources.
27/05/2020 4:33 PM
Philip ( buy what you understand) Dear sslee, I know QL will do well over time. My question is: what do you think the results for INSAS will be in the next few quarters?
27/05/2020 5:28 PM
Rwkl Based solely on the above news TM should spike up too....
27/05/2020 5:51 PM
Philip ( buy what you understand) Not necessarily. TM is already terminal growth, while ql still has another 500 family marts left to go, and it's not like TM can expand to Indonesia and Vietnam, one of the densest populations per square mile.
27/05/2020 6:20 PM
Sslee Dear Philip,
For INSAS next Quarter result will depend on closing price and exchange rate on 30/6/2020 (IGBREIT, Omesti, SYF, OCBC and exchange rate AUD to MYR) to determine fair value gain/loss and Exchange gain/loss.

1. INSAS Credit and Leasing with outstanding loans given out: RM 256,273,000 as of 31th March 2020 will continue earning interest income.
2. M&A securities will still be profitable.
3. Car rental Singapore already sold only Malaysia still operation.
4. Associate companies (Inari, Hohup, DGSB will still contribute positive share of profit and dividend but Melium and others most likely loss. The big question 40% associate Winfield holding RM 315,135,000 current assets/Financial assets not sure what are the quoted securities hold.

The important thing
Balance sheet as of 31th March 2020:
Total non-current assets: RM 787,759,000
Total current assets: RM 1,464,841,000
TOTAL LIABILITIES: RM 515,672,000
Of the current assets:
Deposits with licensed banks and financial institutions: RM 493,049,000
Cash and bank balances: RM 228,153,000

INSAS will survive this difficult period and should do well if BOD knows how to employ cash for investment opportunities moving forward.
27/05/2020 8:08 PM
Rwkl A note of thanks to you, Philip.
Until you came along, I was getting jittery holding on to this so called over valued stock and started trimming down my small stake.
Am I glad your points knocked some sense into me.
My only mistake were not buying them back and if only the you had posted earlier.
Can’t win them all, can you?
27/05/2020 9:16 PM
Philip ( buy what you understand) Hi sslee,

I am actually very interested to know, hope you can scuttlebutt and find out, what is Winfield buying and selling? Is the losses from oil stocks? Please share of you can find this information for readers during AGM.

>>>>>>

The big question 40% associate Winfield holding RM 315,135,000 current assets/Financial assets not sure what are the quoted securities hold.
28/05/2020 6:30 AM
Philip ( buy what you understand) This part is not the important thing, as assets is not cash, and investments into Winfield can be a worrying thing if you don't know what your money is doing.

>>>>>>>

The important thing
Balance sheet as of 31th March 2020:
Total non-current assets: RM 787,759,000
Total current assets: RM 1,464,841,000
TOTAL LIABILITIES: RM 515,672,000
Of the current assets:
Deposits with licensed banks and financial institutions: RM 493,049,000
Cash and bank balances: RM 228,153,000
28/05/2020 6:32 AM
Philip ( buy what you understand) This part is the important thing, as my telegram group there is a financial guy working in Singapore who has shared on Winfield for more clarity.

What INSAS does moving forward is far more important than what they have done previously. We are to buy what comes out in the newspapers 2 years from now, not the past accolade which everyone already knows and has accounted for.

If you cannot tell where the growth and earnings will come from for INSAS in the future, then you do not know the business well enough.

For QL, I know how many family mart they have but more importantly how many more they will build in the next 2-5 years. I know their expansion in Vietnam and Indonesia is where the new growth will come because they eat 1/4 less eggs there compared to malaysia. I have seen their expansion plans announcement, so I know in the future where the growth will come. I can guess that will come out in the newspaper 2 years from now.

I am sure with you working at PT musim mas for so long you know what they have dinner in the past. But you are also aware of their expansion plans, how well their growth is doing, and what refineries and plantations are coming up. You know what the CPO prices are, what the fertilizer prices are where to get supply, and how the staff is doing and what the training program is in the future. You know PT musim mas business very well and where the big boss is going. You know the growth plan and where it is coming from in the next 5 years.

Do you know INSAS business as well? Do you understand the business? If you understand the business you would have been able to see what Winfield holdings do. But I think I have better understand if it then you do, despite never going to AGM.

>>>>>>>

INSAS will survive this difficult period and should do well if BOD knows how to employ cash for investment opportunities moving forward.
28/05/2020 6:45 AM
Joon Chan Business rocket well, or dont do well, or do damn well.

What is clear since forever, even more so now, is that the insiders there are actively, blatantly,shamefully,raping other shareholders.

Even if they want to give you some, it's just to take more out of you.
28/05/2020 6:54 AM
Sslee Dear Philip,
INSAS was weight-down by many legacy issues/business and I believe the current BODs are doing their best to address these legacy issues/business one by one.

With Inari, M&A and INSAS Credit and Leasing as anchor in providing positive earning. I am looking forward to a better day when INSAS cash and cash equivalent of over RM 700 million is put into investment opportunities moving forward.
28/05/2020 9:17 AM
Philip ( buy what you understand) Dear Sslee, since you are a chemical engineer, may I introduce a mental model from chemistry that you can apply to business. This basic principle of called Bernoulli's law.

Bernoulli's principle states that an increase in the speed of a fluid occurs simultaneously with a decrease in static pressure or a decrease in the fluid's potential energy.

This concept can be applied to business in a simple direct way. Applied to business, the heavier you are, the less hungrier you are, the less likely you are to move forward. When you put management in virtue of their relationships with founder instead of a track record of success, the possibility of succeeding becomes lower. Building startups and unknown businesses requires a lot of kinetic energy and dynamic pressure to push the potential energy forward.

It is far easier to propel a growing business forward than it is to hit on the big idea and bring it to fruition. As you seem to know the management directly, what is your opinion? Are they the kind to get their hands dirty, work in the trenches to grow the startups? Or are they an expert in just throwing money around and waiting for others to grow it for them?

How much force are they applying to get the businessess off the ground and what are their track record in the field and their experience in making status work? I mean this of the 2nd generation who are now the bod.

Wishing for something to work and looking at it work are 2 different things.

Personally I find the pressure needed to get the fluid moving can be more than the bod is equipped to provide.
28/05/2020 10:14 AM
Sslee Dear Philip,
I felt this burning desire that when I had earned enough for my family; I would like to serve Malaysia in whatever way I can and help to bring about social well-being/justice to all Malaysian.

Hence I view my share investment and being active participant in AGM with follow up as part of my desire to fight for common good for all the shareholders. At the same time I am hoping my shareholder activism will have a ripple effect to encourage more shareholders to speak up and hold BOD, Auditor accountable and prevent what Joon Chan mention as “What is clear since forever, even more so now, is that the insiders there are actively, blatantly, shamefully, raping other shareholders”. We need to come together for the betterment of society and make a different. It cannot be business as usual. 抛砖引玉

INSAS BODs are now more approachable and friendly compare to Dato’ Sri Thong time. As of Business grows, BOD main job is to set the direction/target and hire the right people for the right jobs. I can see INSAS is doing well with:
1. Inari
2. Omesti
3. Hohup
4. DGSB new start-up food manufacturing and M&A financial advisory in helping SME listing in ACE or Leap market.

I believe what INSAS lack is a savvy investment advisor like you in advising them on their investment in financial assets at fair value through profit or loss.

INSAS are actually sitting on cash hoard and have many choices of either organic grow, acquisition or investment in financial assets.

Thank you.
PS: Sure I will ask about 40% associate Winfield holding in my next AGM question.
28/05/2020 1:55 PM
Philip ( buy what you understand) I think this has now come to be clear what I said about gaming the system. Not that the bod is actively trying to cheat investors, but more because the structure of the companies leave a lot of hidden investments and bombs that you cannot see and analyze until a fair value loss is encurred. Why does one who owns INSAS for so long and not know what Winfield holdings is doing with our investments?

I blame the management for this lack of clarity.

>>>>>>>>

Dear Philip,
Can you please refrain from smearing the good name of INSAS BOD and management team with your wild and malicious accusation of game the system without any clear evident or fact?

I had met and talk to Dato’ Dr Tan on INSAS Tech venture (challenge, success and failure rate) and Dato’ Wong on business rationale.

My advice to you, please empathize with those going through difficult time during this Covid-19 crisis and seeing their Investment value fall by more than 50%. Please do not spread fake news to create fear that does not benefit anyone. If you have crystal ball please tell us what shares to buy now that will give us 100% gain in 1 year time, spare us your lecture on quality investment for long term of 10 years for no one know are we still alive in 10 year time.

Thank you
27/03/2020 5:52 AM
28/05/2020 2:38 PM
Sslee Dear Philip,
I will play my part to ask INSAS BOD about 40% associate Winfields Development Pte. Ltd.* (Investment holding in properties and trading of securities and other financial instruments Singapore) who own the other 60%, what are inside the current assets and any conflict of interest?

Will you also play your part and ask Serbadk BOD about shareholders of Block 7 Investments L.L.C, paid up capital and the last financial report?

Thank you
28/05/2020 3:44 PM
Philip ( buy what you understand) It's ok. I will just wait and see monitor the results, I just started position in march of this year. As a minority investor I don't want to rock the boat, if after 3 years I don't see any results from my investments, you can be sure I will bring it up.
28/05/2020 5:48 PM
Rwkl Their AGM is just around the corner.
Minority shareholder or not, pertinent questions should be posed.
With it held fully virtual, forward the question and tune in
28/05/2020 6:16 PM
Philip ( buy what you understand) My thoughts on value traps.

https://klse.i3investor.com/blogs/philip6/2020-05-29-story-h1507892411-How_to_Spot_Value_Traps_or_WHY_I_WASTED_3_YEARS_HOLDING_THE_VALUE_INVES.jsp
29/05/2020 8:06 AM
Rwkl Philip,
Yihsons AR is out. I have gone thru a bit and hope you can share some thoughts.
In the 1st place whose brainchild was it to venture into FPSO back in 2011? Father or son? Renewables will be a major business in coming years. How do you rate their prospects?
30/05/2020 11:38 AM
Philip ( buy what you understand) Hi RWKL, yes they bought a fully running and generating solar farm with good contracts that are paying well. The FPSO was a son decision I think, but father fully behind it to sell all the bus for a bigger floating bus.
30/05/2020 11:44 AM
Philip ( buy what you understand) for the thoughts, I have shared in the telegram group so you can take a look there as well.
30/05/2020 11:45 AM
Rwkl Ha:. Son eh? So still 1st gen business. Anyway from his demeanor he seems a soft spoken and introvert fella
30/05/2020 3:17 PM