kcchongnz blog
“No Eye See” Value Investing kcchongnz
The selloff that struck the US stock market ripped through Bursa in October 2018 as fears of slowing economic growth, escalation of trade war between US and China, and rising interest rates spoke investors. The downgrading of the outlook for global growth to 3.7% in 2018 worsen the situation. The jump in volatilities of the markets is causing a lot of anxiety to the market players.
Historically too, October is known as one of the roughest months for investing in the stock market. It gives investors the jitters amid fears of the “October Effect”.
The Dow has tumbled by 6.4%, or 1728 points since the beginning of the month of October 2018. Bursa follows suit and lost closed to 100 points, or 5.4% so far for this month. From the beginning of the year to the close on 23rd October 2018, FBMKLCI has lost 5.5%. Not too bad actually.
For those who dabbles in the mid and small cap stocks, which kcchongnz is one, the loss could be devastating as the FBM Small Cap Index has lost a whopping 23% year to date. You may also refer to the result of those participated in the stock pick challenge for this year to see how bad it really is.
Below are the charts of two small cap stocks which have been touted for the past year by “The One” who is the most active commentator in i3investor with numerous nicks; qqq cube, Stockmanny, Brightsmart, Desa etc. etc.
Figure 1: Share price movement of Jaks
Figure 2: Share price movement of Eversendai
The notorious character above has been shouting two famous words for these two stocks; “sailing” and “margin”. He uses his “dynamite” investing, “panic moment”, whatever they mean. He advocated people to put all their money in these stocks, and even more, to do it with using margin finance to punt on Jaks and Sendai at above RM1.50 and RM1.20 respectively.
The share price of Jaks and Sendai closed at 96 sen and 72.5 sen respectively on 24th October 2018. They have lost a whopping 47% and 33% respectively from their peaks this year.
Imagine with the margin finance, say at 50%, how much punters have lost this year? 94%?
That is how bad the market has been this year in Bursa. Really “No Eye See”!
Since the stock market is so bad, it is the best time to bash those value investors again. Here is one of the numerous comments everyday by this usual character,
[Posted by qqq3 > Oct 24, 2018 12:17 AM | Report Abuse 
kc
where are all the value investors? They are never around when u need them....and they hang around when u don't need them.]
I would like to thank the above very much for his concern. I am fine, perfect and still around. What do you need from me?
I have been very happy with my value investing during the normal time since 10 years ago with returns many times more than the return of the broad market. You can read them in the links below,
https://klse.i3investor.com/blogs/kcchongnz/175060.jsp
https://klse.i3investor.com/blogs/kcchongnz/176865.jsp
https://klse.i3investor.com/blogs/kcchongnz/177480.jsp
Those were established records published in i3investor from 6 years ago, and not just hearsay.
However, I am not able to replicate the same kind of return for this year so far, but definitely it is far better, in fact there is simply no comparison, when compared to the touted stocks of Jaks and Sendai above, which has lost 47% and 33% respectively from their peaks this year.
Kcchongnz value investing in 2018
I have selected 6 stocks for the year 2018 for my stock pick service. 5 of the stocks were chosen basing on my normal value investing principles and methodologies as described in the links below,
https://klse.i3investor.com/blogs/kcchongnz/161473.jsp
https://klse.i3investor.com/blogs/kcchongnz/162226.jsp
I seriously think this is a right path to pursue in investing to build long-term wealth, slowly, steadily, surely and safely. I sincerely hope those who are not savvy in investing to read through and act and not procrastinate any further as the future of your financial wellbeing is not a “play play” thingy.
The portfolio of 5 value stocks return an average of 2.3% this year as shown in Table 1 in the Appendix. It is nothing great at all, but aren’t they better than the loss of 23% of the mid and small cap stocks, and especially the loss of 47% and 33% respectively for Jaks and Sendai.
So, thank you very much. Value investor like me is still okay lah.
As for another of my good friend here,
[Posted by ciaksai > Oct 23, 2018 12:36 PM | Report Abuse
OTB, KC Chong where are they? Why bear market they run away?]
Thanks also for your concern. As there is really not much excitement in the “bear” stock market now, I have “no eye see” and have been “running away” to some local and regional holiday destinies with my university mates and family and enjoying my golf, some beer, and chit chatting for nothing with my golfing kakis. In fact I have been doing this all the time, whether it is a bull market, or a bear market. I really don’t like to glue to the computer screens looking at the green, red or white colours. I have also been reading some interesting books such as “Billion $ Whale”, “Sarawak Report”, “Thinking fast and slow”, and re-reading the value investing books of Coldeye. Also trying to see my parents more often, but not enough.
Most of all, I enjoy answering questions to my online investment course participants. I have also been doing a lot of analysis on stocks and writing them up for my stock pick service participants. I have also spent a lot of time for my practical investing course this time for those online course participants who wish to learn in depth on value investing in financial statement analysis and various valuations, and for various industiries such as manufacturing, trading, construction, plantation and financial institutions. It is my hobby. Best of all, I can do it in Kuala Lumpur, Ipoh, Taiping, Vietnam, in China, Auckland, or Singapore.
Stock market? No eye see.
Are you interested to be one of us as a stress-free value investor, or to get some value stock ideas?
If so, you may email me at,
KC Chong
Appendix
Table 1: Return of my stocks picked in 2018
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Discussions
4 people like this. Showing 50 of 102 comments
Dear all,
The real smart Sifu OTB already temporarily retired from i3 to get away from the noises/cursing and stay sideline for the headwind and prefect storm to blow over. He will be spoiled of choice with the beat down value stocks and I am sure he will picked many multibagger stocks when the storm and noises settle down in year 2019 or 2020. I am looking forward to his recommendation.
As posted by FamousAmos: bash qqq3 the stupid fool! qqq3 rightly deserve it for his double-talk, PLP king and double head snake from advocate of sailing and margin to flexible small fry trader, trading his dignity for crumb and still has the audacity to talk 3, talk 4 and talk cock in i3. Lol.
By the way luckily qqq3 did not walk the talk otherwise he will need to trade his backside for a song to pay off his debt.
Thank you.
2018-10-25 14:15
he isnt retired, he in stealth mode. To him, too attractive not to buy at current market state.
2018-10-25 14:44
sslee...u are entitled to your dreams just as everyone is entitled to their dreams......
but really.......stock market....high turnover low turnover both not for you......
2018-10-25 14:48
rationalising and confirmation bias.......
everyone is entitled to their rationalising and confirmation bias.......
for sslee....that is guaranteed
2018-10-25 15:19
Posted by qqq3 > Oct 25, 2018 10:42 AM | Report Abuse
Many ways to lose money in this bear market, so many shares at multi years low....surely not restricted to Jaks and Sendai.
Of course. jaks only lost 50% from its peak, and Sendai >40%. Sap sap sui lah with margin finance.
But watch out for Sendai. Margin call will come soon and there will be bloodbath soon.
What about your Genting warrant bought at RM1.07 just 7 months ago? 3 sen now only you know.
Bornoil at 10 sen? CPIP at RM2.25? Taan at RM4.79? Jayatiasa at RM1,35? etc?
Tell us the secrete how you made three times from your RM100k capital the last two years with all those above purchases?
2018-10-25 15:24
kc chong...the answer is simple....I am a trader.....All the stocks u mention above I have bought before....and many others....
what concerns me are not those stocks....but the stocks I bought this week.....
I have dodged all the 2108 bullets....but this week purchases cannot dodge.......
2018-10-25 15:42
kc chong...my problem is this....portfolio size grew to 300%......bigger the portfolio, even a 10% loss is equivalent to 30% of original portfolio., a 20% loss is equivalent to 60% of original portfolio.....in nominal value terms.
2018-10-25 15:54
Posted by qqq3 > Oct 25, 2018 03:42 PM | Report Abuse
kc chong...the answer is simple....I am a trader.....All the stocks u mention above I have bought before....and many others....
I have dodged all the 2108 bullets....but this week purchases cannot dodge.......
So you bought Genting warrant at RM1.07 March this year and sold it at RM3.21 in 2015.
Is that how you trebled your RM100k?
2018-10-25 15:55
I made a lot of money from Jaks and Sendai....
Genting w...some....and other kinds of shares...I also make money from Bornoil and JTiasa....amongst those u mentioned.....Taan and CP, cannot remember already whether profit or loss.
2018-10-25 16:14
Posted by qqq3 > Oct 25, 2018 04:14 PM | Report Abuse
I made a lot of money from Jaks and Sendai....
So this must be an admission that while you tell everybody in i3investor to sailang and margin Jaks and Sendai at RM1.50 and RM1.20 respectively (you can't run away from this as they are all over the places, unless if you delete your comments), you were selling to them.
What a great way to earn a pittance! Good on you.
2018-10-25 16:20
u see kc...how much is made on a counter depends more on how many was bought than on how much a counter moves.......
I also make a lot of money on Hengyuan, Aeon Cr, Vitrox, Pmetal, ....
2018-10-25 16:22
ted by kcchongnz > Oct 25, 2018 04:20 PM | Report Abuse
Posted by qqq3 > Oct 25, 2018 04:14 PM | Report Abuse
I made a lot of money from Jaks and Sendai....
So this must be an admission that while you tell everybody in i3investor to sailang and margin Jaks and Sendai at RM1.50 and RM1.20 respectively (you can't run away from this as they are all over the places, unless if you delete your comments), you were selling to them
==========
not true.....when I write about it, I am surely bullish......
2018-10-25 16:23
Posted by qqq3 > Oct 25, 2018 04:23 PM | Report Abuse
ted by kcchongnz > Oct 25, 2018 04:20 PM | Report Abuse
Posted by qqq3 > Oct 25, 2018 04:14 PM | Report Abuse
I made a lot of money from Jaks and Sendai....
So this must be an admission that while you tell everybody in i3investor to sailang and margin Jaks and Sendai at RM1.50 and RM1.20 respectively (you can't run away from this as they are all over the places, unless if you delete your comments), you were selling to them
==========
not true.....when I write about it, I am surely bullish......
Then how come you sold if you are "surely bullish"?
What kind of investing voodoo is that? You were surely bullish, but you sold them?
You were bullish but you sold them for a sen or two gain?
How to become a two hundred millionaire?
2018-10-25 16:37
kc .....actually my record on selling not very good.....most of the time, the share go higher after I sell.
my record on buying is more accurate, mostly...
but I guess Sendai and Jaks were the exceptions that allowed me to make many rounds on Jaks and Sendai.....
2018-10-25 16:46
Follow the "Godfather of Value Investing in i3investor" aka kcchongnz, and you won't sleep with the fishes like qqq3.
Value investing loses little but wins big.
2018-10-26 01:10
if investing for long term...this is the right moment. unless we are going for a war..the economy will bounce back.
2018-10-26 01:20
ted by enigmatic > Oct 26, 2018 01:10 AM | Report Abuse
Follow the "Godfather of Value Investing in i3investor" aka kcchongnz, and you won't sleep with the fishes like qqq3.
Value investing loses little but wins big.
=================================
godfather of value investing cannot find a value buy when shares at multi years low....go figure......
2018-10-26 01:21
this godfather of value investing very weird character....too weird for me....he sometimes recommends companies with unknown management, market cap below $ 50 million and turnover less than my mamak shop.....very weird....
2018-10-26 01:35
Posted by qqq3 > Oct 26, 2018 01:21 AM | Report Abuse
ted by enigmatic > Oct 26, 2018 01:10 AM | Report Abuse
Follow the "Godfather of Value Investing in i3investor" aka kcchongnz, and you won't sleep with the fishes like qqq3.
Value investing loses little but wins big.
=================================
godfather of value investing cannot find a value buy when shares at multi years low....go figure......
Enigmatic, thanks but no thanks. I ain't "Godfather of value investing", never claim that, or anything remotely closed to that,
q cube, your English is extremely poor. You can't comprehend simple English article. I thought my articles are simple enough for anyone to understand.
You have mentioned many times here that I "cannot find value buy". Which part of my article here says so?
This is a simple test of your comprehension again. Please read the article.
2018-10-26 08:32
grandfather of value investing...isn't there a single value buy? just name one...( do not tell me cock and bull story of the past...tell me a value buy as at today.)
now, what has Dow drop 600 got to do with value investing?
2018-10-26 10:11
Posted by qqq3 > Oct 26, 2018 10:11 AM | Report Abuse
grandfather of value investing...isn't there a single value buy? just name one...( do not tell me cock and bull story of the past...tell me a value buy as at today.)
Still hoping to get some crumbs from trading? You beg from the wrong person.
Go ask your Godfather. You PLP him so much, I am sure he will give you some crumbs.
2018-10-26 10:26
kc...up to u la.....do whatever u want.....but I surely do not need tips from u......
2018-10-26 10:27
Posted by RiverOfSilver > Oct 26, 2018 02:22 AM | Report Abuse
Could be just bullshitting
I think you have future in investing in stock with this mind set. Only a small percentage of what is published in the internet space is real.
Yes, a lot of what people say about their good returns are likely to be bullshitting too. For example, this character here, the most active commentator in i3investor, said he tripled his stock value in the last two years, but he never explained how he did it and there is no way to verify it.
But for some, you can see their sharing of stocks published with many analysis all over the years, their philosophy and methodologies, evidences etc. You just have to read them and judge yourself.
Yes, never take anything at face value in the internet space.
2018-10-26 10:42
Choices and decisions in stock market are not related to what people say and write......
in stock market, choices and decisions people make are related to habits and character.
habits and character are more reliable indicators of what people do in stock market.
stock market, full of talk east go west, talk 3 talk 4., full of BS and full of beating round the bush.....and depends on the agenda of the writer.
remember....Jho Low can make himself sound like an investment guru.....Jho Low can even fill his talks with Confucian ethics, Christian sayings, Koran verses.....and of course Warren Buffett sayings........Jho Low can also quote here quote there....part of his arsenal.
2018-10-26 17:20
Posted by qqq3 > Oct 26, 2018 05:20 PM | Report Abuse
Choices and decisions in stock market are not related to what people say and write......
in stock market, choices and decisions people make are related to habits and character.
habits and character are more reliable indicators of what people do in stock market.
stock market, full of talk east go west, talk 3 talk 4., full of BS and full of beating round the bush.....and depends on the agenda of the writer.
Boom, got you!
Your habit: Talk 3 talk 4 and all nonsense. Sailang here sailang there, margin here margin there, and the end, got in and out for a pittance. Some more talk 3 talk 4 wanted to be two hundred millionaire before he koyak. Already 60+ already.
Evidence of making money, tak da, again talk 3 talk 4, talk east talk west, full of bullshit.
The judgment of what you write can't be yourself, but by others. Look at how others judge you. Any good comments so far from anyone, after tens of thousands of comments from you? Tak da!
2018-10-26 17:41
kc...I don't live for i3 praises or i3 business.
I write to entertain myself, exercise my brain, improve my own trading skills..and of course, fight for justice.
2018-10-26 18:37
for value investors how many bullets can u dodge?
what does no eye see value investing mean?
does no eye see means no shares?
or no eyes see means given up..all the shares bought at a high.......become frozen soldier?
no eyes see means what? means already defeated? given up? cut loss? go to fixed deposits?
2018-10-28 18:58
most common form of no eye see is risk aversion......too painful to watch, too painful to think about it.....desire to escape reality, desire to escape pain.....
2018-10-28 19:10
https://klse.i3investor.com/blogs/bapaklangkau/179865.jsp
See or not, value investing will go underwater when a crisis comes!
2018-10-28 19:13
Qqq3 got no life outside i3. Qqq3 got great mental disillusion and doglike energy wasted in a forum. Pity u.
2018-10-28 19:31
cheeky... stock market is interesting.... very interesting, more interesting than u can imagine
2018-10-28 19:59
I think we will hold up quite well at 1,400 unless EPF bail out on us lah.. then all Ikan Bilis can become substantial shareholder liao, that is if you still got bullet ah
2018-10-28 20:04
Posted by qqq3 > Oct 28, 2018 06:58 PM | Report Abuse
for value investors how many bullets can u dodge?
what does no eye see value investing mean?
does no eye see means no shares?
or no eyes see means given up..all the shares bought at a high.......become frozen soldier?
no eyes see means what? means already defeated? given up? cut loss? go to fixed deposits?
I know very well you aren't a good stock trader, as someone said, if you are you would have been a millionaire already.
But what surprise me more is you are so poor in your English comprehension.
Sigh.
2018-10-29 00:03
I know very well you aren't a good stock trader, as someone said, if you are you would have been a millionaire already.
But what surprise me more is you are so poor in your English comprehension.
Sigh.
=============
kc...so what does no eye see means to you?
2018-10-29 00:15
kc....right or wrong..
https://klse.i3investor.com/blogs/bapaklangkau/179865.jsp at least this guy got an opinion.
2018-10-29 00:20
Posted by qqq3 > Oct 29, 2018 12:15 AM | Report Abuse
kc...so what does no eye see means to you?
ok ok. Since you are so bad in English comprehension, read the article again.
It means don't waste your valuable time gluing to the computer all the time. Don't waste your bloody time talking nonsense in i3investor.
Have a life.
But that doesn't mean I don't care about the market. Read this in the article,
"Most of all, I enjoy answering questions to my online investment course participants. I have also been doing a lot of analysis on stocks and writing them up for my stock pick service participants. I have also spent a lot of time for my practical investing course this time for those online course participants who wish to learn in depth on value investing in financial statement analysis and various valuations, and for various industiries such as manufacturing, trading, construction, plantation and financial institutions. It is my hobby. Best of all, I can do it in Kuala Lumpur, Ipoh, Taiping, Vietnam, in China, Auckland, or Singapore."
Understand?
2018-10-29 00:26
Just something for you guys to think about what this world is? Unlimited ever expanding spaces? Ask yourself why is unlimited, why can be as big as unlimited and small as unlimited. WHY???? Ask yourself why. https://www.youtube.com/watch?v=octRYMsiLX0
2018-10-29 00:28
thats why those who claim to be value investors r jokers.
value today might not be value tomorrow and this is true for most stocks.
market is dynamic while accounting information is static.
lol..........
Posted by hollandking > Oct 29, 2018 12:29 AM | Report Abuse
If you are intelligent enough, u will have a clue
2018-10-29 00:34
kc
u have described a lot of activities....but results comes from choices and decisions.
choices and decisions comes from habits and characters.
do u or your participants have the necessary habits and characters to make decisions?
2018-10-29 00:46
kc
classical view of the world....Newtonian physics, deterministic, B Graham world, classical economics
modern view of the world......quantum nature, probabilistic, uncertainty principles....
last 12 months, the value investors lost until father mother cannot recognise......
the traders are flexible, trained to be flexible.......they hold to the modern view of the world.
2018-10-29 01:13
Dear hollandking,
Hope you like this view from atom to universe.
https://www.youtube.com/watch?v=0whBJui7zmY
Human is able to rule the planet earth because we are the only species that able to us our limitless mind to imagine and hence able to inspired (thro’ story telling, writing and speech) to unite us in millions for better or for worse. The same imagination helps us in discovering many theory of Physic, chemistry and biology for the advancement of science. Our imagination helps us to create the rules of god and rules of law so that our conducts are complied with certain rule for mutual benefit and humanity. Our imagination helps us to create value in piece of paper thus create value and commerce. Our conscience helps to guide us to be ethical and finally the vastness of universal and our inescapable final destination death helps us to have humility.
Dear qqq3,
I am disappointed with you despite numerous explanations by KC you still remain clueless as of what value investor about and where you get the information, “last 12 months, the value investors lost until father mother cannot recognise.....”
Value investors are the hardworking people going thro’ the annual financial report, getting relevant information from internet and make some assumptions as of what the future earning look like then we classified the stocks as growth stock (reasonable PE with solid cash flow and increasing revenue) or value play stock (Low PE with solid assets) we then allocated a certain capital to each of the stocks. We are flexible in selling some of these stocks when we feel that the stocks already achieved our TP and we carried out periodic review and make some rebalancing on our holding when opportunity or our assumption had change to valid an adjustment.
I had never used any derogatory word to hit at any person before and you are the first and hopefully the last. Know why? Posted by hollandking > Oct 29, 2018 12:29 AM | Report Abuse
If you are intelligent enough, u will have a clue
Thank you
2018-10-29 09:18
osted by Sslee > Oct 29, 2018 09:20 AM | Report Abuse
stocks already achieved our TP
=======================
the biggest problem is the part dealing with tp........buy with conviction....bull market makes a lot of money. Bear market lose a lot of money.
2018-10-29 10:39
Posted by qqq3 > Oct 29, 2018 12:37 PM | Report Abuse X
Seacera’s three major shareholders – Zulkarnin Ariffin, Datuk Mansor Masikon and Datuk Ismail Osman – have been forced to sell down their stakes in the company on the market.
At 15.5 sen, it was trading at a mere 0.08 times its net tangible asset of RM1.87 as at June 30, 2018.
Read more at https://www.thestar.com.my/business/business-news/2018/10/29/bursa-sec...
======================
0.08 times NTA, anyone still want to talk about value investing?
2018-10-29 12:38
kc
no more buy and hold and value investors in the market.....But surely got a lot of frozen soldiers.......lol.....frozen, don't know what to do.......
2018-10-29 16:01
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qqq3
3iii...value investors should stick to value investing and ignore Dow drop 600.......
2018-10-25 11:54