Highlights
KLSE: ICAP (5108)       ICAPITAL.BIZ BERHAD UNIT MAIN : Closed&Fund
Last Price Today's Change   Day's Range   Trading Volume
2.45   +0.04 (1.66%)  2.43 - 2.45  56,000
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Financials


Market Cap: 343 Million

Market Cap 343 Million
NOSH 140 Million

Latest Audited Result:  31-May-2018

Latest Audited Result: 31-May-2018
Announcement Date 28-Sep-2018
Next Audited Result: 31-May-2019
Est. Ann. Date: 28-Sep-2019
Est. Ann. Due Date: 27-Nov-2019

Latest Quarter:  30-Nov-2018 [#2]

Latest Quarter: 30-Nov-2018 [#2]
Announcement Date 30-Jan-2019
Next Quarter: 28-Feb-2019
Est. Ann. Date: 09-Apr-2019
Est. Ann. Due Date: 29-Apr-2019
QoQ | YoY   -53.19%  |    283.78%

Annual (Unaudited) ( EPS: 6.36, P/E: 38.53 )

Revenue | NP to SH 24,876  |  8,902
RPS | P/RPS 17.77 Cent  |  13.79
EPS | P/E | EY 6.36 Cent  |  38.53  |  2.60%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 3.56  |  0.69
YoY   452.58%
NP Margin | ROE 35.79%  |  1.79%
F.Y. | Ann. Date 31-May-2018  |  30-Jul-2018

T4Q Result ( EPS: 7.12, P/E: 34.43 )

Revenue | NP to SH 24,835  |  9,963
RPS | P/RPS 17.74 Cent  |  13.81
EPS | P/E | EY 7.12 Cent  |  34.43  |  2.90%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 3.37  |  0.73
QoQ | YoY   16.11%  |    251.93%
NP Margin | ROE 40.12%  |  2.11%
F.Y. | Ann. Date 30-Nov-2018  |  30-Jan-2019

Annualized Result ( EPS: 4.02, P/E: 61.10 )

Revenue | NP to SH 16,040  |  5,614
RPS | P/RPS 11.46 Cent  |  21.38
EPS | P/E | EY 4.02 Cent  |  61.10  |  1.64%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -26.60%  |    60.77%
NP Margin | ROE 35.00%  |  1.19%
F.Y. | Ann. Date 30-Nov-2018  |  30-Jan-2019


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-May-2019 30-Jan-2019 30-Nov-2018 2 3,534 1,391 895 895 - 471,799 - % 25.33% 0.19% 140,000 2.52 2.52 0.64 0.64 0.00 0.00 3.3700 3.37   -53.19%   283.78% 30-Nov-2018 2.62 103.79 409.83 0.78 0.24% 0.00% 30-Jan-2019 2.39 94.68 373.85 0.71 0.27% 0.00%
31-May-2019 17-Oct-2018 31-Aug-2018 1 4,487 2,429 1,912 1,912 - 498,399 - % 42.61% 0.38% 140,000 3.21 3.21 1.37 1.37 0.00 0.00 3.5600 3.56   -77.79%   -14.38% 30-Aug-2018 2.77 86.43 202.82 0.78 0.49% 0.00% 17-Oct-2018 2.76 86.12 202.09 0.78 0.49% 0.00%
31-May-2018 30-Jul-2018 31-May-2018 4 12,594 9,187 8,609 8,609 - 498,399 - % 68.36% 1.73% 140,000 9.00 9.00 6.15 6.15 0.00 0.00 3.5600 3.56   692.50%   722.25% 31-May-2018 2.59 28.79 42.12 0.73 2.37% 0.00% 30-Jul-2018 2.80 31.13 45.53 0.79 2.20% 0.00%
31-May-2018 09-Apr-2018 28-Feb-2018 3 4,220 -731 -1,453 -1,453 - 487,200 - % -34.43% -0.30% 140,000 3.01 3.01 -1.04 -1.04 0.00 0.00 3.4800 3.48   -198.36%   -3,923.68% 28-Feb-2018 2.72 90.24 -262.08 0.78 -0.38% 0.00% 09-Apr-2018 2.47 81.94 -237.99 0.71 -0.42% 0.00%
31-May-2018 22-Jan-2018 30-Nov-2017 2 3,314 -33 -487 -487 - 494,199 - % -14.70% -0.10% 140,000 2.37 2.37 -0.35 -0.35 0.00 0.00 3.5300 3.53   -121.81%   55.85% 30-Nov-2017 2.79 117.86 -802.05 0.79 -0.12% 0.00% 22-Jan-2018 2.81 118.71 -807.80 0.80 -0.12% 0.00%
31-May-2018 05-Oct-2017 31-Aug-2017 1 4,748 2,715 2,233 2,233 - 473,200 - % 47.03% 0.47% 140,000 3.39 3.39 1.60 1.60 0.00 0.00 3.3800 3.38   113.28%   37.08% 30-Aug-2017 2.69 79.32 168.65 0.80 0.59% 0.00% 05-Oct-2017 2.69 79.32 168.65 0.80 0.59% 0.00%
31-May-2017 17-Jul-2017 31-May-2017 4 3,565 1,538 1,047 1,047 - 463,399 - % 29.37% 0.23% 140,000 2.55 2.55 0.75 0.75 0.00 0.00 3.3100 3.31   2,655.26%   314.11% 31-May-2017 2.64 103.67 353.01 0.80 0.28% 0.00% 17-Jul-2017 2.58 101.32 344.99 0.78 0.29% 0.00%
31-May-2017 14-Apr-2017 28-Feb-2017 3 4,251 443 38 38 - 443,800 - % 0.89% 0.01% 140,000 3.04 3.04 0.03 0.03 0.00 0.00 3.1700 3.17   103.45%   -99.88% 28-Feb-2017 2.41 79.37 8,878.95 0.76 0.01% 0.00% 14-Apr-2017 2.45 80.69 9,026.32 0.77 0.01% 0.00%
31-May-2017 09-Jan-2017 30-Nov-2016 2 1,539 -1,015 -1,103 -1,103 - 431,199 - % -71.67% -0.26% 140,000 1.10 1.10 -0.79 -0.79 0.00 0.00 3.0800 3.08   -167.71%   -225.37% 30-Nov-2016 2.46 223.78 -312.24 0.80 -0.32% 0.00% 09-Jan-2017 2.46 223.78 -312.24 0.80 -0.32% 0.00%
31-May-2017 24-Oct-2016 31-Aug-2016 1 4,084 2,137 1,629 1,629 - 433,999 - % 39.89% 0.38% 140,000 2.92 2.92 1.16 1.16 0.00 0.00 3.1000 3.10   433.13%   117.56% 30-Aug-2016 2.31 79.19 198.53 0.75 0.50% 0.00% 24-Oct-2016 2.44 83.64 209.70 0.79 0.48% 0.00%
31-May-2016 21-Jul-2016 31-May-2016 4 3,574 90 -489 -489 - 424,199 - % -13.68% -0.12% 140,000 2.55 2.55 -0.35 -0.35 0.00 0.00 3.0300 3.03   -101.55%   -196.83% 31-May-2016 2.29 89.70 -655.62 0.76 -0.15% 0.00% 21-Jul-2016 2.26 88.53 -647.03 0.75 -0.15% 0.00%
31-May-2016 13-Apr-2016 29-Feb-2016 3 34,189 32,382 31,467 31,467 - 422,799 - % 92.04% 7.44% 140,000 24.42 24.42 22.48 22.48 0.00 0.00 3.0200 3.02   0.00%   986.57% 29-Feb-2016 2.26 9.25 10.05 0.75 9.95% 0.00% 13-Apr-2016 2.29 9.38 10.19 0.76 9.82% 0.00%
31-May-2016 28-Feb-2016 3 34,189 32,382 31,467 31,467 - - - % 92.04% - % 140,000 24.42 24.42 22.48 22.48 0.00 0.00 - -   9,382.30%   986.57% 26-Feb-2016 2.26 9.25 10.05 0.00 9.95% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-May-2016 13-Jan-2016 30-Nov-2015 2 2,832 82 -339 -339 - 413,000 - % -11.97% -0.08% 140,000 2.02 2.02 -0.24 -0.24 0.00 0.00 2.9500 2.95   96.35%   -106.91% 30-Nov-2015 2.32 114.69 -958.11 0.79 -0.10% 0.00% 13-Jan-2016 2.29 113.21 -945.72 0.78 -0.11% 0.00%
31-May-2016 28-Oct-2015 31-Aug-2015 1 3,440 -8,836 -9,279 -9,279 - 389,199 - % -269.74% -2.38% 140,000 2.46 2.46 -6.63 -6.63 0.00 0.00 2.7800 2.78   -1,937.43%   -527.21% 28-Aug-2015 2.13 86.69 -32.14 0.77 -3.11% 0.00% 28-Oct-2015 2.28 92.79 -34.40 0.82 -2.91% 0.00%
31-May-2015 30-Jul-2015 31-May-2015 4 3,874 962 505 505 - 406,000 - % 13.04% 0.12% 140,000 2.77 2.77 0.36 0.36 0.00 0.00 2.9000 2.90   -82.56%   -92.12% 29-May-2015 2.32 83.84 643.17 0.80 0.16% 0.00% 30-Jul-2015 2.24 80.95 620.99 0.77 0.16% 0.00%
31-May-2015 18-Mar-2015 28-Feb-2015 3 7,288 3,331 2,896 2,896 - 411,600 - % 39.74% 0.70% 140,000 5.21 5.21 2.07 2.07 0.00 0.00 2.9400 2.94   -41.01%   -85.65% 27-Feb-2015 2.40 46.10 116.02 0.82 0.86% 0.00% 18-Mar-2015 2.35 45.14 113.60 0.80 0.88% 0.00%
31-May-2015 27-Jan-2015 30-Nov-2014 2 7,120 5,328 4,909 4,909 - 420,000 - % 68.95% 1.17% 140,000 5.09 5.09 3.51 3.51 0.00 0.00 3.0000 3.00   126.01%   -13.22% 28-Nov-2014 2.38 46.80 67.88 0.79 1.47% 0.00% 27-Jan-2015 2.39 46.99 68.16 0.80 1.47% 0.00%
31-May-2015 10-Oct-2014 31-Aug-2014 1 3,526 1,770 2,172 2,172 - 429,799 - % 61.60% 0.51% 140,000 2.52 2.52 1.55 1.55 0.00 0.00 3.0700 3.07   -66.10%   80.40% 29-Aug-2014 2.43 96.48 156.63 0.79 0.64% 0.00% 10-Oct-2014 2.40 95.29 154.70 0.78 0.65% 0.00%
31-May-2014 09-Jul-2014 31-May-2014 4 9,278 6,782 6,407 6,407 - 426,999 - % 69.06% 1.50% 140,000 6.63 6.63 4.58 4.58 0.00 0.00 3.0500 3.05   -68.25%   -86.40% 30-May-2014 2.52 38.03 55.06 0.83 1.82% 0.00% 09-Jul-2014 2.50 37.72 54.63 0.82 1.83% 0.00%
31-May-2014 15-Apr-2014 28-Feb-2014 3 23,323 20,443 20,179 20,179 - 417,200 - % 86.52% 4.84% 140,000 16.66 16.66 14.41 14.41 0.00 0.00 2.9800 2.98   256.71%   285.24% 28-Feb-2014 2.37 14.23 16.44 0.80 6.08% 0.00% 15-Apr-2014 2.40 14.41 16.65 0.81 6.01% 0.00%
31-May-2014 10-Dec-2013 30-Nov-2013 2 7,680 6,028 5,657 5,657 - 422,799 - % 73.66% 1.34% 140,000 5.49 5.49 4.04 4.04 0.00 0.00 3.0200 3.02   369.85%   197.74% 29-Nov-2013 2.36 43.02 58.41 0.78 1.71% 0.00% 10-Dec-2013 2.36 43.02 58.41 0.78 1.71% 0.00%
31-May-2014 28-Oct-2013 31-Aug-2013 1 3,401 1,793 1,204 1,204 13,300 398,999 1,104.65% 35.40% 0.30% 140,000 2.43 2.43 0.86 0.86 9.50 9.50 2.8500 2.85   -97.44%   -52.88% 30-Aug-2013 2.37 97.56 275.58 0.83 0.36% 4.01% 28-Oct-2013 2.37 97.56 275.58 0.83 0.36% 4.01%
31-May-2013 02-Jul-2013 31-May-2013 4 49,684 47,622 47,120 47,120 - 418,600 - % 94.84% 11.26% 140,000 35.49 35.49 33.66 33.66 0.00 0.00 2.9900 2.99   799.58%   2,657.17% 31-May-2013 2.40 6.76 7.13 0.80 14.02% 0.00% 02-Jul-2013 2.39 6.73 7.10 0.80 14.08% 0.00%
31-May-2013 02-Apr-2013 28-Feb-2013 3 7,249 5,587 5,238 5,238 - 407,400 - % 72.26% 1.29% 140,000 5.18 5.18 3.74 3.74 0.00 0.00 2.9100 2.91   175.68%   41.30% 28-Feb-2013 2.25 43.45 60.14 0.77 1.66% 0.00% 02-Apr-2013 2.34 45.19 62.54 0.80 1.60% 0.00%
31-May-2013 21-Jan-2013 30-Nov-2012 2 3,841 2,198 1,900 1,900 - 404,600 - % 49.47% 0.47% 140,000 2.74 2.74 1.36 1.36 0.00 0.00 2.8900 2.89   -25.64%   -47.31% 30-Nov-2012 2.90 105.70 213.68 1.00 0.47% 0.00% 21-Jan-2013 2.28 83.10 168.00 0.79 0.60% 0.00%
31-May-2013 01-Nov-2012 31-Aug-2012 1 5,179 3,569 2,555 2,555 - 421,399 - % 49.33% 0.61% 140,000 3.70 3.70 1.82 1.82 0.00 0.00 3.0100 3.01   49.50%   -61.92% 30-Aug-2012 2.29 61.90 125.48 0.76 0.80% 0.00% 01-Nov-2012 2.32 62.71 127.12 0.77 0.79% 0.00%
31-May-2012 24-Jul-2012 31-May-2012 4 4,586 1,997 1,709 1,709 - 400,399 - % 37.27% 0.43% 140,000 3.28 3.28 1.22 1.22 0.00 0.00 2.8600 2.86   -53.90%   -45.10% 31-May-2012 2.86 87.31 234.29 1.00 0.43% 0.00% 24-Jul-2012 2.18 66.55 178.58 0.76 0.56% 0.00%
31-May-2012 30-Apr-2012 29-Feb-2012 3 5,514 4,009 3,707 3,707 - 398,677 - % 67.23% 0.93% 139,886 3.94 3.94 2.65 2.65 0.00 0.00 2.8500 2.85   2.80%   -27.16% 29-Feb-2012 2.85 72.30 107.55 1.00 0.93% 0.00% 30-Apr-2012 2.89 73.32 109.06 1.01 0.92% 0.00%
31-May-2012 21-Dec-2011 30-Nov-2011 2 5,515 3,989 3,606 3,606 - 373,179 - % 65.39% 0.97% 139,767 3.95 3.94 2.58 2.58 0.00 0.00 2.6700 2.67   -46.26%   194.37% 30-Nov-2011 2.67 67.67 103.49 1.00 0.97% 0.00% 21-Dec-2011 2.05 51.95 79.46 0.77 1.26% 0.00%
31-May-2012 13-Sep-2011 31-Aug-2011 1 9,205 7,694 6,710 6,710 - 368,419 - % 72.90% 1.82% 140,083 6.57 6.58 4.79 4.79 0.00 0.00 2.6300 2.63   115.55%   230.22% 29-Aug-2011 2.63 40.02 54.91 1.00 1.82% 0.00% 13-Sep-2011 2.02 30.74 42.17 0.77 2.37% 0.00%
31-May-2011 06-Jul-2011 31-May-2011 4 6,136 4,039 3,113 3,113 - 388,423 - % 50.73% 0.80% 140,225 4.38 4.38 2.22 2.22 0.00 0.00 2.7700 2.77   -38.83%   -90.05% 31-May-2011 2.77 63.30 124.77 1.00 0.80% 0.00% 06-Jul-2011 2.19 50.05 98.65 0.79 1.01% 0.00%
31-May-2011 26-Apr-2011 28-Feb-2011 3 6,936 5,542 5,089 5,089 - 243,265 - % 73.37% 2.09% 139,807 4.96 4.95 3.64 3.64 0.00 0.00 1.7400 1.74   315.43%   45.03% 28-Feb-2011 2.56 51.60 70.33 1.47 1.42% 0.00% 26-Apr-2011 2.17 43.74 59.62 1.25 1.68% 0.00%
31-May-2011 10-Jan-2011 30-Nov-2010 2 2,823 1,524 1,225 1,225 - 236,647 - % 43.39% 0.52% 139,204 2.03 2.02 0.88 0.88 0.00 0.00 1.7000 1.69   -39.71%   265.67% 30-Nov-2010 2.48 122.29 281.82 1.46 0.35% 0.00% 10-Jan-2011 2.16 106.51 245.45 1.27 0.41% 0.00%
31-May-2011 29-Oct-2010 31-Aug-2010 1 4,041 2,812 2,032 2,032 - 236,833 - % 50.28% 0.86% 140,137 2.88 2.89 1.45 1.45 0.00 0.00 1.6900 1.69   -93.51%   51.76% 30-Aug-2010 2.31 80.11 159.31 1.37 0.63% 0.00% 29-Oct-2010 2.06 71.44 142.07 1.22 0.70% 0.00%
31-May-2010 22-Jun-2010 31-May-2010 4 33,227 31,946 31,294 31,294 - 235,230 - % 94.18% 13.30% 140,017 23.73 23.73 22.35 22.35 0.00 0.00 1.6800 1.68   791.82%   369.78% 31-May-2010 2.10 8.85 9.40 1.25 10.64% 0.00% 22-Jun-2010 1.84 7.75 8.23 1.10 12.15% 0.00%
31-May-2010 23-Apr-2010 28-Feb-2010 3 5,002 3,756 3,509 3,509 - 204,109 - % 70.15% 1.72% 139,800 3.58 3.57 2.51 2.51 0.00 0.00 1.4600 1.46   947.46%   607.46% 25-Feb-2010 1.74 48.63 69.32 1.19 1.44% 0.00% 23-Apr-2010 1.75 48.91 69.72 1.20 1.43% 0.00%
31-May-2010 21-Jan-2010 30-Nov-2009 2 1,397 318 335 335 - 199,604 - % 23.98% 0.17% 139,583 1.00 1.00 0.24 0.24 0.00 0.00 1.4300 1.43   -74.98%   -97.73% 30-Nov-2009 1.78 177.85 741.67 1.24 0.13% 0.00% 21-Jan-2010 1.82 181.85 758.33 1.27 0.13% 0.00%
31-May-2010 14-Sep-2009 31-Aug-2009 1 2,598 1,624 1,339 1,339 - 199,455 - % 51.54% 0.67% 139,479 1.86 1.86 0.96 0.96 0.00 0.00 1.4300 1.42   111.54%   -49.20% 28-Aug-2009 1.78 95.56 185.42 1.24 0.54% 0.00% 14-Sep-2009 1.81 97.17 188.54 1.27 0.53% 0.00%
31-May-2009 25-Jun-2009 31-May-2009 4 0 -11,879 -11,600 -11,600 - 198,697 - % 0.00% -5.84% 139,927 - - -8.29 -8.29 0.00 0.00 1.4200 1.42   -2,438.71%   -783.16% 29-May-2009 1.63 0.00 -19.66 1.15 -5.09% 0.00% 25-Jun-2009 1.65 0.00 -19.90 1.16 -5.02% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  4 people like this.
 
sleang bad qr results...does this mean tmr price drop uk investors can buy more of heaper prices?
22/01/2018 19:36
fong7 anyone knows what are the stocks icap holding at the moment?
what stocks did it sell to put latest quarter results to look this bad?
16/04/2018 09:37
TheContrarian ICap has lots of Parkson.
16/04/2018 10:04
3iii Looks like little interest in this stock in this small community of i3 participants.
30/08/2018 15:31
3iii Saturday, 19 August 2017


The portfolio of your Fund, as at 31 May 2017, ranked in terms of the market value of each stock and the quantity held, is shown in Charts 1 and 2 below.


Chart 1: Market Value of Holdings
as at 31 May 2017 (RM ‘000)

Padini 66,690
Boustead 32,192
Suria 19,691
F&N 12,588
MSC 11,753
Tongher 9,389
Selprop 8,282
Parkson 6,177
APM 5,838
MKH 3,379
Oceancash 1,628





Chart 2: Size of Holdings
as at 31 May 2017 (‘000 shares)
Padini 19,000
Boustead 12,148
Parkson 10,742
Suria 9,244
MSc 2,902
Tongher 2,579
Oceancash 2,230
Selprop 1,666
APM 1,421
MKH 1,357
F&N 518




Need to update on this from its most recent annual report. Has this been released yet?
30/08/2018 15:32
Nepo The best part of this company is the trustworthy management
02/09/2018 15:34
thanaraj I do not see ttb buying back Boustead Holdings when the latter is giving dividends by borrowing. Also price of Boustead has been coming down. I am also not happy in its investments in other shares. Better join hands with City of London and get rid of ttb. I shall consider to sell my icap shares. Appreciate comments from other investors of icap.A.David
05/10/2018 23:02
khooweeseng If you read everything TTB write about China, you will know why he fail on Parkson. TTB not neutral and rational on China completely. For example, if you read this year annual report, see how he talk about US or western owe China, you will know it. Besides, TTB make a lot of mistake recently, his zombie miss a lot of opportunity recent year such as he forecast oil will drop until USD20 few years ago, an investor told me he want to invest when oil around USD3x, but due to TTB, he miss this great opportunity. If you look back this 10 years, 90% of his forecast go opposite.
05/10/2018 23:33
alam Rafik my one of the friend loss here,,,it will rise next week..?
05/10/2018 23:52
thanaraj I am shocked why icapital.biz Berhad has not given complete details in its 2018 annual report about the road shows(RS) it wishes to organise on/10/18 and 5/11/2018 in PJ and KL as well as the aims of the RS and pointing out how by participating in it the benefits gained by shareholders. Another important information lacking is that the full addresses of the venues where the RS will be held. I wonder how can share holders can register their intention to register without this information . To the best of my knowledge I have never known any other registered company has organised so far such an event held in conjunction with before or after its AGMs.
Credit goes to TanTeng Boo for organising the RS event. May I advise TTB to send out a new fact sheet giving the details above to all icapital share holders. Regards. Abraham David shareholder of icapital biz Berhad.
Abraham David
11/10/2018 17:50
lai81533 Why annual report shown oka?
13/10/2018 09:18
thanaraj Yes I agree with TTB that growth in NAV is an important indicator of the growth of a listed company. But equally important are ROE in percent and dividend payment growth given by annual DY in %. For example you look at Nestle Malaysia which is the highest share price today in Malaysia of RM 145.00 and ROE over the past 13 years with a high of 100.35% and low of 59.13% though its DY =2.0%. I wonder why TTB does NOT quote the statistics of ROE and DY of icap but only its NAV. Its time TTB come out with the annual statistics of ROE and DYof icap share in his annual report.
My comments are given with no prejudice nor malice . A.David
15/10/2018 18:23
thanaraj We have read enough ill comments and poor management qualities that have created the current download trend in the share price about icap and its performance. But we have not heard any response from TTB neither his management team nor the Board of Directors and particularly from him. So far TTB he has not given any statement regarding his response, WHY? So far he has not said the aim of holding the Road show. Will he address these problems in the Road Show. The manner of holding the RS seems very strange and odd - attempting to keep London City Council without its participation. Is LCC also invited to attend the RS just like any icap investor like me.Do we have the manner like an agenda to be discussed at the RS. What we need is more transparency. We need more answers to all the questions raised in the web sites. My comments are made with no prejudice nor malice. An active investor.
18/10/2018 16:45
3iii A.D.

Icap is a closed end fund. You should just look at what are the stocks it holds in its portfolio (these are only known once a year from the annual report and somewhat outdated by a few months) and its asset allocation between cash and equivalent and the investments it hold.

Appropriately the KPI to follow in icap is its NAV per share which it releases every week.
18/10/2018 17:19
3iii The stock market is also known as the “Great Humiliator”



THURSDAY, 15 APRIL 2010

TAN TENG BOO: Top fund manager expects 30-40% gain next year

Written by Leong Chan Teik
Thursday, 12 November 2009


IF YOU have not heard of Tan Teng Boo before, you will find that he quickly shines through in an article in the current edition of The Edge newsweekly.

He is 55, and a Malaysian fund manager. His iCapital Global Fund has gained 64% this year as at end-September, resoundingly beating most global equity funds and the 22.5% return achieved by the MSCI World Index.

He has three funds operating in three countries investing in 42 countries.

My search on Google found a May 2009 article in the Malaysian newspaper, The Star, which quoted him saying (this may take your breath away!):

“I’m pretty damn good at what I do. I would say I am one of the top five fund managers in the world. It is a pity that people don’t really recognise that.”

Among the top 5? If true, we should pay close attention to what he says ......

Some highlights of The Edge’s article are summarized below. For the full-blown story, which we can't reproduce anyway, please go buy the magazine today (only $3.80).

* A bull market really?

Mr Tan has no time for doubters who think the market could fall again on a double-dip recession.

“People are still seeing the rebound as a bear-market rally. In my view, it’s definitely a bull market. In fact, it’s a good old-fashioned bull rally and certainly a V-shaped recovery,” he said.

* Explain!

Mr Tan said economic growth and corporate earnings are recovering and will become ‘self-enforcing’. He believes that global stocks could jump 30-40% next year.

And, of course, there’s China’s economic growth which will support a long market boom.

* What stocks are you betting on?

He said his fund owns UK supermarket chain Tesco, UK engine manufacturer Rolls Royce, and German car maker Porsche.

As for Chinese companies, it owns shares in bank group Bank of East Asia, cigarette paper packaging firm Shanghai Asia Holdings and Beijing Capital Land. These are examples.

For his recently launched Australia-registered iCaptial International Value Fund, he has added Australia-listed Mermaid Marine, a diversified marine services provider, and Singapore-listed Mermaid Maritime,a drilling and sub-engineering service provider operating in the oil and gas industry.

”Mermaid Marine currently operates a fleet of oil supply vessels in the northern part of Western Australia, where Chevron has discovered the Gorgon oil fields. It is a huge project.”

Mermaid Maritime was bought at S$0.70 a share. The company was incorporated in Thailand and was listed on the Singapore bourse in 2007.

Its operations are mainly in Southeast Asia, including Thailand and Malaysia.

* How are you rewarded?

His answer is surprising. According to the article, he does not pay himself a salary or take a director’s fee from the funds he manages. He lives on the investment gains generated by his personal investment portfolio.


http://www.nextinsight.net/content/view/1686/60/
18/10/2018 17:49
3iii http://myinvestingnotes.blogspot.com/2015/09/icapital-close-end-fund-winners-and.html

THURSDAY, 17 SEPTEMBER 2015
iCapital Close End Fund: The Winners and the Losers over the last 10 years
18/10/2018 17:59
3iii http://myinvestingnotes.blogspot.com/2009/07/closed-ended-funds-2-ways-to-make-and-2.html

Closed-ended funds: 2 ways to make and 2 ways to lose money
18/10/2018 18:11
3iii Closed-ended funds: Why a discount, anyway?


Most closed-ended funds sell at a discount.

There is much research and speculation about why discounts happen. The debate isn't nearly as important as understanding a few of the most common reasons.

When selecting a closed-ended fund, investors must determine the reasonthe fund is trading at a discount and whether the discount is significant enough to be attractive. A discount may be justified by

- uncertainty,
- popularity or perceptions of the fund, and
- the underlying asset base.

All 3 factors can work to cause a fund based on securities in Russia or Turkey, for example, to sell at a discount.

Likewise, during the heyday of the Asian Tigers, many funds based in Asia sold at a premium. The reasons - Popularity and the perception of future growth and gains.
18/10/2018 21:59
3iii Using closed-ended funds

Closed-ended funds have advantages and disadvantages.

Closed-ended fund investors can expect diversification and professional management (although some question the quality of this management, since many of these managers aren't in the limelight.)

There are management fees, usually 1 to 2%, extracted from portfolio returns.

Liquidity (relative lack of interest and trading activity) can be a double-edged sword:
If you're selling, you may not get as good a price, but
if you're buying, you'll likely get a discount.
It is not hard to see that these funds should be considered long-term investments.


Closed-ended funds can be used
to build out a portfolio or
add specific components like international exposure.

Patient value investors seek not only a good price (meaning a good discount), but also a fund with solid long-term potential.

Many pros use closed-ended funds, including Warren Buffett.
In 1972, Source Capital was trading at nearly a 50% discount to NAV. Buffett purchased almost 20% of the outstanding shares.
Though the price fluctuated in the interim, Buffett hung in for 5 years before selling for an estimated $15.7 million profit.
18/10/2018 22:29
thanaraj Another disadvantage is that it is a share its Dy is zero and defeats the real solid advantage/reason why you invest in share viz for a return from yr investment. Yes TTB's argument is for the growth in NAV. But if you probe is that to benefit from the higher NAV, you have to sell the icap share and then you have to start again and buy new ica p shares at a higher NAV price. This is unlike in other shares where you still hold the shares and enjoy continuously the dividend every year.
A.David
19/10/2018 18:28
joetay2 ddont worry, there r plenty of stupidity ard who will believe in ttb.

u just check out parkson sub-forum, u will know.

lol...........

Posted by A D > Oct 19, 2018 06:28 PM | Report Abuse

Another disadvantage is that it is a share its Dy is zero and defeats the real solid advantage/reason why you invest in share viz for a return from yr investment. Yes TTB's argument is for the growth in NAV. But if you probe is that to benefit from the higher NAV, you have to sell the icap share and then you have to start again and buy new ica p shares at a higher NAV price. This is unlike in other shares where you still hold the shares and enjoy continuously the dividend every year.
A.David
19/10/2018 18:32
thanaraj TTB 's argument is that you buy icap because of its NAV growth. I do not much favour in his argument because its ROE quoted in the web site is only 1.72%. When you compare its NAV with other well performing counters in Bursa this value pales in comparison with other high performance Bursa companies like Nestle with ROE at 74.93%, Dutch Lady at 65.0% and most other companies like PB, Maybank. F&N etc.Other latter counters enjoy a NAV of more than 10% and give you a DY of at least 4%. Yr comments appreciated. Investor in icap.
20/10/2018 18:17
joetay ttb is full of shit.

if padini is not more than 5, the value of icap will be less than 2.

Posted by A D > Oct 20, 2018 06:17 PM | Report Abuse

TTB 's argument is that you buy icap because of its NAV growth. I do not much favour in his argument because its ROE quoted in the web site is only 1.72%. When you compare its NAV with other well performing counters in Bursa this value pales in comparison with other high performance Bursa companies like Nestle with ROE at 74.93%, Dutch Lady at 65.0% and most other companies like PB, Maybank. F&N etc.Other latter counters enjoy a NAV of more than 10% and give you a DY of at least 4%. Yr comments appreciated. Investor in icap.
20/10/2018 18:20
Tan_Teng_Boo Many condemned myself incl joetay. Isn't current bear market those holding cash is king?
23/10/2018 11:25
qqq3 Posted by Tan_Teng_Boo > Oct 23, 2018 11:25 AM | Report Abuse

Many condemned myself incl joetay. Isn't current bear market those holding cash is king?
========

what is your plan besides depleting the cash with the fees?
23/10/2018 12:53
BillyK why ttb like parkson so much
hold from 3 plus to 30 over cts
23/10/2018 13:25
Tan_Teng_Boo I like China growth story.

Posted by BillyK > Oct 23, 2018 01:25 PM | Report Abuse
why ttb like parkson so much
hold from 3 plus to 30 over cts
23/10/2018 15:10
BillyK growth story or ghost story?
23/10/2018 15:37
qqq3 nta of $ 3.56.......is that cost or market value?
23/10/2018 16:04
3iii Parkson in China had first mover advantage.

However, over the years, competitors have come into the market.

Its earlier profits are competed away.

Its WACC is now equal or more than its ROC.

This is a highly competitive business with no economic moat.
23/10/2018 16:20
chankp7010 I cap will make RM2.68 millions from Selangor Property Bhd selective repayment. Its cost is RM4.76 per share compares favourably the offer price of RM5.70. The difference of RM0.94 x 2,853,000 shares owned by I capital will give Icap profit of RM2.68 millions. At the same time, positive cash flow would increase by RM16,262,100/-. Positive new that spur market in normal circumstance but now the share market is so bearish, no investors even bother to look at it.
26/10/2018 11:54
thanaraj The current value of ROI of iCAP is 1.72% which is far below of most other better stocks of at least 10%. TTB must address this problem. i cap's contention of the increasing NAV of icap alone annually is unacceptable to investors. City of London may take up this issue soon. Investor.
29/10/2018 18:14
3iii A D

How should performance of icap be followed?
02/11/2018 19:31
idunwork High cash position turned out to be correct this round LOL
12/12/2018 16:27
Gen2 Icap relies too heavily in Padini...
14/12/2018 17:36
enigmatic Latest NAV: RM3.19 (as at 2 Jan 2019)
08/01/2019 01:45
calvintaneng calvintaneng QL, JAKS, SENDAI, CARIMIN, HIBISCUS, ICAPBIZ & INSAS (COMPARE 7 REVENUE & PROFITS),Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/189888.jsp
13/01/2019 19:23
13/01/2019 19:27
enigmatic Latest NAV: RM3.22 (as at 11 Jan 2019)
15/01/2019 16:01
joetay2 a large part of icap's value is in padini, so i wonder how the nta is computed.

lol.............
15/01/2019 16:01
value_man NAV: 3.22
Share Price: 2.41
Discount: 25%
16/01/2019 09:12
enigmatic NAV per share as at 16 Jan 2019 was RM3.25
20/01/2019 17:37
fong7 Each year, TTB received huge profit coming from calculation by the fund's NAV, no matter how the iCap share price performed (unlike many world class company's style, which paying fees to their CEOs judged by the stock price performance).

Each year, iCap's investors watching their investment gaining (on paper) much lower than FD, not to mention Bursa index.

Isn't that sad?
29/01/2019 10:16
fong7 I can only say this, TTB is very untalented on investment. And Warran Buffett is genius.
29/01/2019 10:21
fong7 TTB has been timing the market, where Buffett has been finding gems in the market.
29/01/2019 10:22
(S = Qr) Philip Oh.my.god. and I thought pphb management was bad. At least PPHB takes 7 million in director fees every year but gives 15 million in net profit. This ttb takes so much in professional fees and didn't even deploy capital properly or invest.

Malu lah to compare with vanguard Jack bogle. At least his vanguard index fund charges 0.05% management fee every year.

Even Stockraider can do better.
30/01/2019 22:09
qqq3 TTB, fantastic theoretician, fantastic economist, but cannot execute. reminds me of somebody here.
31/01/2019 03:05
stockraider Usually u say yes bcos ur opportunity cost is generally cash with yield of about 4% pa, so ur opportunity cost is 5% to 6% pa mah...!!

As long as u buy with big margin of safety, usually u make monies above ur opportunity cost loh...!!

If u always say no....u will end up like Tan Teong Boo of icap in which 3iii and Philips are criticizing bcos of no balls to invest loh...!!

Posted by 3iii > Jan 29, 2019 01:35 PM | Report Abuse

The real challenge to prioritization is saying, “No!”

It’s easy to say yes.

What’s hard is saying no to busy work that gives you the satisfaction of checking an item off your to do list — meeting an obligation to someone else, doing an easy task, writing an email.
31/01/2019 10:57
4444 NTA reduced why got profit?
https://klse.i3investor.com/servlets/stk/fin/5108.jsp
31/01/2019 22:30
fong7 profit comes from gain by selling stocks.
NTA comes from currently holding stocks' market value + cash.
04/02/2019 21:06
cheoky Holder of icap should vote out ttb. Real sad to watch holder of icap suffering
05/02/2019 21:37