L＆G（股票報價3174）LAND＆GENERAL或LAND＆GOLD（購買的主要理由（Calvin Tan Research）

moneykj First time I see Calvin write in Mandarin. Haha..Good.
21/07/2017 22:44

ｈａｈａ thks

Actually ｔｒａｎｓｌａｔｅｄ by

my　　ＢＡＮＫ　　ＭＡＮＡＧＥＲ　　ＦＲＩＥＮＤ　　　ＷＨＯ　　　ＡＬＳＯ　　　ＩＮＶＥＳＴＥＤ　　　ＩＮ　　　Ｌ＆Ｇ

2017-07-21 23:04

Sochai...why u still rank 224?

2017-07-21 23:11

John Lu has come!
See you lost 50% in melewar and also lost 53% in icon offshore!
You missed both drb and mj perak which made 200%!!!
Now you better don't miss L&G

2017-07-21 23:19

224) calvintaneng +1.6% 101588.01 http://klse.i3investor.com/servlets/pfs/71329.jsp
22% PBA 1.290+0.0225 1.150 17300|22% DUTALND 0.450 0.400 49800|19% BJCORP 0.335 0.340 58600|19% OPCOM 0.580 0.600 33200|17% BPURI 0.380 0.435 45800 (101407.25:180.76|237.24)

2017-07-21 23:40

Whoa!
These are mau sang wang durians not yet ripe.

Got extra cash and lönger term view just buy some from july, august, sept, oct, nov and dec 2017.

Yes this is it!!!

1. Bj Corp - Berkshire Hathaway! Calvin buying
2. OPCOM - SURE SPECIAL DIVIDEND COMING
3. PBA- Rock Solid. Dr Neoh of dynaquest on board
4. BPURI - got cash now is opportunity time.
5. Dutaland - another good one like jaks at 40 sen

WHOA!!
Being reminded of these SUPER DURIANS?
hmmmm?

future 2 to 10 baggars

2017-07-22 00:15

Good morning,

Planting fruit trees take time.

Some like guava or star fruit will be ripe every week. For oil palm fruit you harvest 2 times a month.

And for durian it is once a year. Artificially induced durian might fruit more than once a year.

So same for stocks

There are fast growers, slow growers, stalwards, turnaround, asset play and cyclicals and defensive utilities. But all should have margin of safety first.

2017-07-22 08:58

The important of margin of safety concept is ingrained into all who read and follow Ben Graham

Ben Graham famous disciple is Warren Buffet who said

1 Rule no. 1 is.Not to lose money.
2 Rule no. 2 is to remember Rule no. 1
Not to lose money

In other words we must learn to take care to protect from downside first and foremost.

Most people think of upside without thinking of downside first.

This was the error when the Japanese bombed Pearl harbour at the outbreak of the Pacific War with US.

Only General Yamamotto regreted the bombing as he knew that the US giant is awakened and Japan will eventually lost the war.

Japan failed to see that Us NTA of material reserve and man power, so to speak, can outlast the Jap.

The zero planes and military hardware were made from imported scrap metal from the US.

And their aircraft carriers were converted from merchant ships.

All these planes, aircraft carriers crumbled when more superior US made carriers, b2 fortress bombers and attack planes invaded Jap occupied territories one by one.

So US has Big margin of safety in turning around the battle eventually.

So don't look down NTA as a margin of defense.

One Great Stock with Margin of safety is L&G

WHY SO

ANSWER:

1) At 23.5 sen with NTA AT MORE THAN 60 SEN IF REVALUED L&G IS SELLING AT 60% DISCOUNT TO NTA. BEN ONLY ASK FOR 30% DISCOUNT.

2) L&G BY WAY OF RAISING CAPITAL FROM RIGHTS ISSUE HAS AVOIDED DEBT. SO GEARING IS MINIMAL

3) IT HAS A CASH HOARD OF 16 SEN PER SHARE OF 23.5 SEN EVEN IN THE ENLARGED CAPITAL BASE. THUS ENABLING IT TO CONTINUE OR INCREASE ITS DIVIDEND AT 2 SEN OR EVEN MORE

4) ACQUIRED ASSETS ARE IN GOOD LOCATIONS
A) Diamond City will benefit from the new Sg Buloh Kajang MRT

????

2017-07-22 09:19

Sochai and sohai. Both combine become holland king rank 224. LOL

2017-07-22 09:40

Investment need 3 things:
1)Cash
2)Brain
3)Risk taker

Seems that this sochai and sohai dont have even 1. Diu. Everyday keep post article and monthly giving 5 stock to buy...apa ini? Fly kites better

2017-07-22 09:42

Tom

John Lu, 我想说你的这种投资心态真的很有问题。。。。。

2017-07-22 09:54

tingangap1

John.. if u got personal matter with Calvin. Solve it. But not here. Sorry no offence. Everyone Calvin post something u sure will against him

2017-07-22 10:12

Ng Shu Tsung

Calvin can give 5 stock tips daily for all I care because in the end I make my own judgement. Maybe is just the way Calvin writes that causes some people to go against him which I feel is not too fair. Yet it is freedom of speech (write) and expression.
For all that Calvin, Uncle Koon, OTB, Icon and many others have written, there is one thing in addition that also counts which is GUT feel. All the FA, TA and business sense is relevant and useful where maybe there is also one matter needed to pick correct stocks which is GUT FEEL.

2017-07-22 10:49

callmemaybe

Hi calvin, in Malaysia we use 简体, your friend use 繁体. btw, you can read and understand chinese?

2017-07-22 11:52

Ng Shu Tsung,

Haha! I can't give 5 stocks daily tips.

It takes time to study, research and evaluate each company. And also the entry price which is the most important.

A good solid stock like Public Bank can buy and sleep soundly as to its fundamental.

But making much money is another matter.

No matter how good a stock is if we overpay its future upside is capped.

So i would far rather look for deep undervalue bargain stocks. Even if they don't move much i know that it is safe.

And if price should go lower i will buy even more.

2017-07-22 12:24

Callmemaybe,
I can't read chinese words but hearing and speaking mandarin, cantonese or hokkien should be ok.

2017-07-22 12:26

Calvin, how do u feel aabout the tech stock we have at bursa?

2017-07-22 12:40

most with growth, but mos very thin...how ah? buffet also bought apple Liao.....he seems to drop the cigar butt habit now

2017-07-22 12:40

Beary

John Lu must be Calvin's ex gf.

Pumped and dumped by Calvin hahahahaha.

2017-07-22 12:42

One more investment approach is this:

There is an immediate intrinsic approach and there is a future enterprize value.

For me i chose intrinsic immediate accounting approach.

That's how these stocks selections have been or going to be privatised

1. Super Enterprize
2. Kulim-- last 2 quarter results were even negative.
3. Tmakmur
4. TheStore. Its assets value are more important than its operating busines.

5.Wangzheng
This is an interesting case study that is still ongoing.
Both my Perak Corp and Southern Steel were offered privatisation but rejected by shareholders. Both Perak Corp and SSteel share price subsequently retraced. Will Wangzheng do better.

So we should buy BELOW INSTRINSIC VALUE AND WE SHOULD CERTAINLY SELL ABOVE INTRINSIC VALUE AND NOT CHASE IT FOOLISHLY.

CONTRARIAN VALUE INVESTING IS THE BEST SAFEST RULE TO FOLLOW.

TIME AFTER TIME AFTER TIME.

IT NEVER FAIL.

2017-07-22 12:43

can u also comment on buffet's quote on

it's better to buy a wonderful company at fair price, rather than to buy a fair company at wonderful price.

2017-07-22 12:46

Alex Foo,

From recent export growth tech sales of electronic goods increased by over 30%. These results will be reflected positively in August and November quarterly reports.

So the market is moving ahead in anticipation.

The market has overlooked palm oil stocks as agriculture also imcreased by 20 over per cent.

So while tech stocks have doubled in prices palm oil stocks have even gone down in the opposite direction.

This discrepancy presents value investors great opportunity to sell overvalued tech stocks and plow back capital into undervalue oil palm stocks.

As of now 98% will chase tech stocks because of bullish trend and only the very small 2% will dare to buy undervalue palm oil stocks as analysts are still bearish.

To be successful we must SEE AHEAD AND TAKE PISITION EARLY.

2017-07-22 12:52

Warren is good in his own right.
But Peter Lynch also has his own expertise.
And the odd one out is Walter Scholoss who pick dead out of favour value bargain stocks.

So to each in what they know best. Warren could respect Walter's position. And Peter Lynch could certain understand Walter and Warren approach to imvesting.

However, Peter has evolved his own style of investing

2017-07-22 12:57

ya....in terms of stock picking, I must rate Lynch to be better than Graham. Lynch trades in a season mostly against him, and he went it through with exceptional gains. He also categorized (if i'm not wrong, generally 6) stocks, and some say his portfolio is very diversified.

2017-07-22 13:11

how about Munger? It seems that Munger's emphasis on wonderful business, e.g., first class business, first class management is very antithetical with Buffet's deep value investing, after all Buffet is shaped very early in his years by his master Graham.

We can witness a change in his tone in deep value investing throughout his letters to the shareholders. Before that, he always bought those fair businesses at wonderful, cigar-butt price. And now he sort of move on...

2017-07-22 13:14

i actually hesitate to go in with L&G because of it immense size of shares. Also, doing rights issue in the name of not taking debt also, at the same time, dilute shareholder's future earnings. I will continue to study L&G, and no doubt it has an attractive 9% dividend by 21.5sen valuation now.

2017-07-22 13:16

I think if you look at Buffet as a whole he did pretty well even before he met Munger.

Buffet even timed the market once when he closed his early fund and distribute back all capital to shareholders.

After Buffet met Phil Fisher he has changed from cigar stocks to growth stocks sonewhat.

But for the last decade or two Berkshire only made 20% to 25% yearly. Peter 's Magellan Fund for short sput at 39% performance even beat Warren at 25%.
What if Warren had kept to Value stocks alone?
I think under the evolving market of the US many other value funds are looking for bargains like Walter Schloss, John Templeton, T Rowe and others so much so that Schloss' worry that there won't be any deeply undervalue stocks one day.

In that case Walter Schloss told his son that they might have to close shop.

So given the scarcity of value net net stocks plus the huge fund size of Berkshire it is getting very difficult to find net net value stocks at deep discount of investible size.

So Warren is what he is today because of the evolving market of the present.

I am happy for Malaysia that 95% of the people are NOT into value net net investing.

That's why real bargains are to be found in Malaysia even today.

You see,
Jaks at 40 sen with Nta over Rm1.00 was then a real gem. Not now.

So was Kulim at Rm2.50, Super Enterprize at rm1.30, Tmakmur at Rm1.38, TheStore at rm2.50 and Wangzheng at 75 sen.

They were all unwanted and unloved which were taken private.

So are these present undervalue ones like

L&G , Bpuri, Opcom, Bj Corp, Dutaland, Pba, cbip, kwantas and others of deep deep value still unloved, unrecognized and unwanted by the maddening crowd who chased balloons and bubbles.

2017-07-22 14:04

thx calvin, i dun know about fisher and glad to hear about him from you =)

yalo, i tot buffet eventually changed his strategy....apple is cash rich, so at least fundamentally sound...but those growth stocks we have at bursa semua margin of safety very weak and shaky. Once recession comes, habis semua tapao....

2017-07-22 14:13

Alex,

Fisher wrote, "Common stocks uncommon profits".

He is good at scuttlebutting. Visiting companies first hand to see their business how they perform.

Totally different from Walter who only read Annual Reports.

If someone has followed Fisher in Malaysia he will discover that:

Megan Media Blue Ray Disc factories are fictitious

Transmile has 4 rotten planes on Subang Airport tarmac

Hwatai has a dilapitated factory in Batu Pahat when Hwatai was chased to a high of Rm200 a share.

And Espirit is closing shop for forever on the same day its share price went limit up.

Fisher taught us the common sense of inspecting the companies we bought just like buying a car.

2017-07-22 14:59

So i am happy to see Tan Chong Koay having 3 separate funds in Top 30 of L&G.

My Johor Sifu said Tan Chong Koay the Pheim Fund Boss visits 600 Klse companies annually before selecting stocks to invest.

This is in contrast to TTB of Icapbiz who only interested to collect fat fees and driving his sports car arounding doing little or nothing but waiting for a market crash.

2017-07-22 15:03

And Peter Lynch even moved a step ahead of Fisher.

While Phil Fisher studies Listed Companies Lynch look for budding companies with potential even before they were listed.

That was why he visited shopping malls and discovered "The Body Shop" long before Body Shop turned into a worldwide success later.

2017-07-22 15:21

SALAM

Durians are high on the tree, takes a long time to ripen and fall. When? God knows..may be directors know a little..3 yrs? 10yrs?

2017-07-22 18:09

Salam,
It was Phil Fisher who said, i think, if you have done your homework well, the time to sell the stock is never, or to hold it for forever.

And Warren Buffet echoed Fisher's words when he said that he holds stocks for forever like Walmart, Geiko, Coca Cola, Berkshire, See's Candy and McDonald.

2017-07-22 18:22

"If the job has been correctly done when a common stock is purchased, the time to sell is almost never." – Phil Fisher

2017-07-23 14:32

fangyew

thank you Calvin , 0.215 nobody want :)

2017-07-23 16:25

tingangap1

Who say 0.215 no body want. I bought in 500

2017-07-23 18:22

tingangap1 Who say 0.215 no body want. I bought in 500
23/07/2017 18:22

WHOA!

YOU SO SMART!!

YOU SHOULD CHANGE NAME FROM tingangap1 TO TANGKAP L&G or GRASP L&G

CONGRATULATIONS!

2017-07-23 20:31