kcchongnz blog
Stock Picking kcchongnz
Thanks for your comments in my recent post, “Thanks for the three million” here,
http://klse.i3investor.com/blogs/kcchongnz/107569.jsp
Here is one request,
[Posted by paperplane2016 > Oct 31, 2016 12:18 PM | Report Abuse 
kc, recommend one good stock leh for next yr. celeb 3mil, hehe]
Isn’t this strange? This request is from the top-of-the-list participant for this year stock pick challenge in i3investor? But seriously, I think those educational articles of mine you have posted in your blog are more useful than any of my stock pick analysis. It is more important to follow the philosophy, methodologies, process and strategies of the “right path” in investing than taking a stock tip from others.
I started visiting i3investor about four years ago. I did talk a lot about individual stocks then, using the fundamental value investing (FVI) principles, well before I started my own blog within i3investor at the end of 2013, but more of giving my opinion if certain stocks were good for investment. One such link “Stocks less than 50 sen but not bad as investments” was posted on 23 December 2012 as appended here,
http://klse.i3investor.com/servlets/discuss/167643.jsp
I am proud to say that most of those stocks are no longer 50 sen and below, but more than RM1.00, or even many of them, their adjusted prices are a few Ringgit now.
My next writeup was about this topic, “The 5 Rules of Investing of Coldeye” written on 17th March 2013 in the link as appended here,
http://klse.i3investor.com/servlets/forum/900214344.jsp
Hundreds of comments and questions were asked about whether which company fits the 5 yardsticks for investment. The return of the portfolio of stocks meeting the 5 yardsticks returned 280% in less than three years as at end of 2015, beating the return of the broad market of just 8.5% by a tremendous wide margin as shown in this thread, “Fong Siling 冯时能 (冷眼) “ColdEye”” Investing principles below.
http://klse.i3investor.com/blogs/kcchongnz/88651.jsp
Shortly after that in 25th May 2013, I wrote another thread, “In Search of Excellence: Investing in good companies” in the thread here:
http://klse.i3investor.com/servlets/forum/900255072.jsp
Again, many stocks were discussed and the portfolio of stocks meeting the criteria of good companies returned an average of 225% in less than 3 and a half years, compared to the negative return of the broad market as shown in one of my latest article, “In Search of excellence in Bursa” here,
http://klse.i3investor.com/blogs/kcchongnz/107553.jsp
To put the food where my mouth is, and as instigated by a regular contributor in i3investor, Tan KW, I put up two portfolios in 2013, one on 21st January 2013 named “GE13 Watch”, and another on 1st August 2013 named “Stock Pick Challenge 2013 2H” for sharing of investment ideas as shown in the link below:
http://klse.i3investor.com/blogs/kcchongnz/98798.jsp
The two portfolios returned an average of more than 100%, compared to the loss of the broad market during the same period as discussed in the link above.
My last sharing of individual stocks was shown in this link below, on “investing for dividends”,
http://klse.i3investor.com/blogs/kcchongnz/103906.jsp
The portfolio of stocks returned more than 40% in less than one year as discussed in the above post.
That was when the comments below were attracted,
[Posted by Flintstones > Oct 30, 2016 01:51 PM | Report Abuse
Kcchongz, dont keep rechurning your recommendation track record over and over again lah. Havent you heard of the saying "you are as good as your last trade"?]
[Posted by Wing50 > Oct 30, 2016 05:30 PM | Report Abuse
We have to understand that this is only an advertising article. So, it has to repeat again and again the same old story! ]
After a few exchanges with Wing50 above, I was delighted by his comment below,
[Posted by Wing50 > Nov 1, 2016 05:31 AM | Report Abuse
Thank you for your statements.
That was a really good and rewarding discussion with you KC. May I add that you are without doubt a very knowledgeable and experienced person.
I can see that people who follow your course will open their eyes to see a whole new dimension of investing and benefit from it.
I also understand now why you need to keep asking people to read and read again what you write.]
Yes, it is very hard to get investors to “get it” in FVI. That is why I keep on repeating on FVI, and “advertise” my online investment course in many articles. I must show you FVI works in building long-term wealth. How best to show you if not with my established portfolios and records published in a public forum like i3investor?
It is a very time consuming thing to do to analyse a business, evaluate its performance, carrying out valuations etc. to see whether a stock is worthwhile to invest or not. I believe I have done enough of my part in i3investor. It is time for others to do so, and there are indeed a few good stock analysts in i3investor now; icon8888, Yi-Stock, cephasyu, felicity, Jay, Riche Ho, etc. These are the few selfless one giving free sharing. Do be careful of the many others touting of stocks for personal interests in the forums.
However, this endeavour is not a pleasant one sometimes. Someone will pounce on you if the share price drops, in just a few days, although FVI is for the long-term. See the comment below,
|
[Blog: Discount cash flow analysis and reversed DCFA for Elsoft Research |
Posted by donfollowblindly > May 3, 2015 09:35 PM | Report Abuse
RM1.91 now RM1.79 lose 12sen or 6.3% loss in 2weeks.]
But that doesn’t mean I don’t do analysis and valuation of stocks and stock picking any more. I am still doing it as it is my passion. In April, this year, I have carried out a stock pick cum practical investing service to my past course participants. Participants were given revision of FVI knowledge with practical financial statement analysis and interpretation, evaluation of company performance, and the various valuation techniques used on a portfolio of stocks selected. The various investment strategies such as Graham net-net, Coldeye 5 yardsticks, the Magic Formula, Investing for dividends, Value on the Move etc. were used for the analysis and discussions for those stocks.
Watch lists of Bursa stocks using the up-to-date financial results, posted in the blog based on some FVI strategies such as Magic formula, Coldeye 5 yardsticks, investing for dividends, No-Brainer cash yield, etc. were also given for participants to consider for investment.
There were also periodic reviews of the performance of the companies, especially after the quarterly report were announced.
How have been the performance and outcome of the service?
The portfolio of 10 stocks made an average return of 8.0% in the average five months’ period, compared to the loss of 2.6% of the broad KLCI index, and the loss of 1.2% of the broader FBMEMAS Index during the same period. The excess return, alpha, of the portfolio is hence very good at +10.6%.
Note that investing is for the long-term, and the short-term return doesn’t tell much about the long-term result. It is the proper process of investing I am emphasizing on, and my experience have shown that using the proper investing process always provide satisactory long-term return and it also provides us with great short-term returns too.
These are some of the comments from the participants.
|
Nov 2 (2 days ago) |
[Hi KC,
Wow! Thanks KC, this is a big improvement from the previous quarter result. Profit (+11.3%) is beyond my expectation, almost enough to earn 3 years Fixed Deposit interest.
Best regards,
Blanked]
|
|
9:52 PM (57 minutes ago) |
KC,
Many thanks for yr great stock pick service (+12.18%)! Should have started this with you earlier!
I plan to put in at least another RMxxx k by Monday next week to take opportunity of the expected market selldown.
Btw, do you plan to have a similar scheme for overseas markets? Don't have faith in RM future.
Regards,
Blanked
|
Nov 1 (4 days ago) |
Dear KC, Great performance (+12.6%). I am delighted. |
Blanked
Yes, I am still doing stock picking using the very basic of FVI of
“Take care of the downside; the upside will take care of itself.”
Anyone interested can learn about how to fish, and at the same time, check if the fish given to you are good fish.
Yes, we have stock pick service for SGX and HKSE too. The return of investments for some participants in the last three months has been good too.
For enquiry of a new stock pick service, please contact me at
ckc13invest@gmail.com
K C Chong
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Discussions
1 person likes this. Showing 43 of 43 comments
KC articles are good for newbies & lazy people, but add little value to those who do lots of studies & possess of technical skills in financial figures & business senses.
2016-11-05 14:17
If any newbies have difficulties in understand the financial reports/figures/news/info, strongly advise to take some times to learn from KC.
2016-11-05 14:19
Posted by wkitwing > Nov 5, 2016 12:15 PM | Report Abuse
hi kc,would u mind if i ask you something?i do know know do analysis on my own .......just need to check with you whether tienwah and chinwel match your criteria?as both of them make up most in my portfolio though for now.anyway i do interested in your stock picking service but not for the course la coz i can do my own analysis btw.
so if for the stock picking service only,just contact your e-mail?just curious to know sifu kc pick then from there i can do my homework see whether it match my criteria or not.
Tienwah and Chinwel were once in my stock portfolio, but now i don't follow them with the latest development. You may show me your calculations so that I can comment on them, but bear in mind, investing s about the future. Chinwel may have some problems because of the lifting of anti dumping in Europe.
You can just join my stock pick service if you wish, not necessary the course. Just write to me using the email address given.
2016-11-06 11:32
A humble & simple request was replied with bossy kind of statement, look like KC thought he is very good & can boss around?
Posted by paperplane2016 > Oct 31, 2016 12:18 PM | Report Abuse
kc, recommend one good stock leh for next yr. celeb 3mil, hehe
Isn’t this strange? This request is from the top-of-the-list participant for this year stock pick challenge in i3investor?
2016-11-07 00:30
Overlooked at first read, now realised it was not a pleasant thing to see if it happen to me. It's nothing funny at all.
2016-11-07 00:32
Kcchong keep repeating his stock pick 2013 and act lansi infront of i3 stock god 2016 paperplane
2016-11-07 00:34
That's why KC not dare to participate stock pick 2016 competition? Afraid happen to be like OTB & KYY? A good name go down the drain? Then no more business?
2016-11-07 00:34
Whatever. I asked he got guts to recommend a stock next yr. He reply. Sarcastically......equally low life. Not a person I wanna learn from compared stock God, stock raider, Calvin, koko888. These are real sifu.....
2016-11-07 00:35
U better prove it koon bee. Later kcchongnz will come attacking you non stop. Get your armor ready
2016-11-07 00:37
Haha...paperplane, i m nobody, he will not attack me la...he attack you because he jealous you is 2016 stock king
2016-11-07 00:38
I also tikam ATM in the bank, but no money come out. No luck may be. lol
2016-11-07 00:51
RUOutOfUrMind KC articles are good for newbies & lazy people, but add little value to those who do lots of studies & possess of technical skills in financial figures & business senses.
05/11/2016 14:17
Yes, I am one of those people who has taken up his course and his stock pick but too lazy to do my own research because I am 67 years old but I make good money by his recommendations such as Padini, Perstima, Hexza, Tguan, Scientx, Magni, Apollo. His recent picks on KESM and HLI are moneybaggers.
Yes, I may be lazy to do my homework but at least I can follow his analysis and understand the language of business and finance. If the fundamentals are there, you would not go wrong and even if you are wrong, you won't lose too much because the downside is taken care of.
Lazy me is waiting for KC's new list of stock pick.
2016-11-07 10:55
Posted by paperplane2016 > Nov 7, 2016 12:35 AM | Report Abuse
Whatever. I asked he got guts to recommend a stock next yr. He reply. Sarcastically......equally low life. Not a person I wanna learn from compared stock God, stock raider, Calvin, koko888. These are real sifu.....
Sarcastically? where? How?
Low life? Who?
But reading your comment, I don't think I want to waste my time to explain to you what i meant in the article about this.
I never ask you to learn from me, have I?
Please go to your stock gods.
2016-11-07 17:54
Posted by valuelurker > Nov 7, 2016 01:53 PM | Report Abuse
All rehash counters from low base 2013...come on tell us something new
What about this?
Posted by ckkhen > Nov 7, 2016 10:55 AM | Report Abuse
RUOutOfUrMind KC articles are good for newbies & lazy people, but add little value to those who do lots of studies & possess of technical skills in financial figures & business senses.
05/11/2016 14:17
Yes, I am one of those people who has taken up his course and his stock pick but too lazy to do my own research because I am 67 years old but I make good money by his recommendations such as Padini, Perstima, Hexza, Tguan, Scientx, Magni, Apollo. His recent picks on KESM and HLI are moneybaggers.
Yes, I may be lazy to do my homework but at least I can follow his analysis and understand the language of business and finance. If the fundamentals are there, you would not go wrong and even if you are wrong, you won't lose too much because the downside is taken care of.
Lazy me is waiting for KC's new list of stock pick.
2016-11-07 17:58
yes. KCChongnz did good job. I agree. But tell us moving forward things. not existing what we know
2016-11-07 19:02
Posted by paperplane2016 > Nov 7, 2016 07:02 PM | Report Abuse
yes. KCChongnz did good job. I agree. But tell us moving forward things. not existing what we know
Look, in my comment which you make the statement of "low life", I was trying to say you are the champion of the stock pick challenge, that you should tell me what stock to buy instead of me giving you tips.
But seriously, haven't I done my part in i3investor about stock pick when I put up the two portfolios in 2013. Since you are the champion now, may be you should do your part now.
2016-11-08 17:12
Dear KC, while going through your articles, I realized that you used TEV instead of EV when calculating EV/EBIT, may I know if TEV is a more accurate measure and why?
Another question, the inverse equation which is Earnings Yield, do you still stick with EBIT/TEV instead of EBIT/EV?
2016-11-25 08:19
well KC, I have recommended MSC recently and it runs so far smoothly, how about commenting weakness of MSC then?
2016-11-25 08:30
Posted by Ezra_Investor > Nov 25, 2016 08:19 AM | Report Abuse
Dear KC, while going through your articles, I realized that you used TEV instead of EV when calculating EV/EBIT, may I know if TEV is a more accurate measure and why?
Another question, the inverse equation which is Earnings Yield, do you still stick with EBIT/TEV instead of EBIT/EV?
TEV is the same as EV, with T stands for "total".
2016-11-25 11:37
Yeah, but TEV takes in both core operations (Enterprise value) and non-core operations (Non-Operating Assets), while EV only factors in core operations.
So do you recommend TEV instead of EV?
2016-11-25 15:14
Posted by Ezra_Investor > Nov 25, 2016 03:14 PM | Report Abuse
Yeah, but TEV takes in both core operations (Enterprise value) and non-core operations (Non-Operating Assets), while EV only factors in core operations.
So do you recommend TEV instead of EV?
To me, both terms are the same. If yours is different, then I would say use EV.
2016-11-25 19:15
Posted by paperplane2016 > Nov 25, 2016 08:30 AM | Report Abuse
well KC, I have recommended MSC recently and it runs so far smoothly, how about commenting weakness of MSC then?
In a public forum like i3investor, few, very few are receptive of comments in contrary to what they believe. From experience,i doubt you are exceptional one.
2016-11-25 19:20
Posted by paperplane2016 > Nov 25, 2016 08:30 AM | Report Abuse
well KC, I have recommended MSC recently and it runs so far smoothly, how about commenting weakness of MSC then?
In a public forum like i3investor, few, very few are receptive of comments in contrary to what they believe. From experience,i doubt you are exceptional one.
KC, you talk so many, but I still cant catch you. Can you be more simple.
2016-11-25 19:28
Msc is kesm in making with disclaimer barring unforeseen circumstances.. hahaha
2016-11-25 19:33
Posted by John Lu > Nov 25, 2016 08:37 AM | Report Abuse
KC out of idea what to buy after 2013
Obviously the comment above was made without even reading the article.
Actually nowadays so many of my present and past course participants are giving me great ideas in investing. How wonderful it is to leverage on all the goodwill I have spread.
2016-11-25 19:40
Kc please give a stock that can go up rather than keep repeating your old story
2016-11-25 23:57
"Why there are more losers than winners in the stock market?"
This is the main reason.
[Posted by John Lu > Nov 25, 2016 11:57 PM | Report Abuse
Kc please give a stock that can go up rather than keep repeating your old story]
So many people believe there are tooth fairies in the stock market, helping them to make big money from the stock market. Think about it, how can you be a winner when tipsters also win in a zero-sum game most market players are involving in?
In contrast, look at the behaviour of potential winners in the stock market below.
[Posted by Ezra_Investor > Nov 25, 2016 08:19 AM | Report Abuse
Dear KC, while going through your articles, I realized that you used TEV instead of EV when calculating EV/EBIT, may I know if TEV is a more accurate measure and why?
Another question, the inverse equation which is Earnings Yield, do you still stick with EBIT/TEV instead of EBIT/EV?]
2016-11-26 04:24
How can we justified winner or loser? Probably it's just luck. Even monkey throwing darts randomly get to pick a stock of beating mkt overall in 33.33%
2016-11-26 04:41
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wkitwing
hi kc,would u mind if i ask you something?i do know know do analysis on my own .......just need to check with you whether tienwah and chinwel match your criteria?as both of them make up most in my portfolio though for now.anyway i do interested in your stock picking service but not for the course la coz i can do my own analysis btw.
so if for the stock picking service only,just contact your e-mail?just curious to know sifu kc pick then from there i can do my homework see whether it match my criteria or not.
2016-11-05 12:15