calvintaneng, I read JTIASA annual report just now. The FFB yield was 12.5 mT/ha, I think it was too low for a plantation of average 6-7 years old trees. Please find out the possible causes, I feel reluctant to spend my time on it as I am not interested in smaller plantation companies.

GENTING-WA is a better alternative, fair value is RM1.75 if the mother share price is currently fair.

Draw a chart of its NAV or Price against KLCI is indeed misleading because the KLCI's dividend yield is conveniently forgotten, it is simply an unfair comparison.

No dividend for Call or Put Warrants.

yungshen1, The fair value of call and put warrants very much depend on the input to the calculation, so I wish to get your opinion on FBMKLCI future movement, can you tell me your estimate/predict on FBMKLCI level (i.e. at how many points?) one year from now. For my calculation, I used 6.29%, meaning that if I buy all the index counters, I expect to get return of 6.29% (price appreciation plus dividend).

Put Warrants Premium=(Underlying+PW*Ratio-Strike)/Underlying

Call Warrants Premium=(Strike+CW*Ratio-Underlying)/Underlying

The premium of a warrant reveals by how many percent the underlying asset has to change for warrant holders to breakeven assuming that the warrant is held till maturity. This is the time value of the warrant in percentage terms and may be considered as the cost for the l benefit of the warrant. Let’s take an example of a warrant on stock X which has an exercise price of $10, conversion ratio of 10 warrants per share, and a value of $0.15. Assuming stock X is now trading at $11, the warrant has an intrinsic value of ($11 - $10) / 10 warrants per share = $0.10. Therefore, for an investor holding till maturity, the warrant need to rise $0.15 - $0.10 = $0.05 in order to breakeven at expiry. This translates into a $0.50 / $11 = 4.5% rise in the underlying or, in other words, a 4.5% premium.

The premium for H5 is 15.6%, that is correct.

kakashit, co warrants=company warrants? Get from bursamalaysia.com, http://www.bursamalaysia.com/market/securities/equities/market-statistics/

那个525千不是第14年（大学第一年）就一次过付清，而是分3年，所以那个逐年加10%储蓄的方案，第一年不需要每个月414块钱，只需要每月350块钱就够了。。

保险经理竟然在理财规划上需要向外求救，我还以为理财规划是她们们的强项，我觉得怪怪的。。

May be just buy Singapore shares.

CFTrader, may be because they are still young.

CFTrader, you are right, you look at the row Age 75 for male, the return is between 2.25%-2.50%, then look at row Age 78 for female, the return is also between 2.25%-2.50%.

kcchongnz, your simplified formula of P = A*[1-(1/(1+r)^n)]/r is more or less the same, you are right.

ks55, your formula is actually similar to mine P=A/(i-g), look at my writing the 3rd para from bottom.

Instead of Margin, we can turn to company warrants and structured warrants. For example, Buy GENTING-WA is kind of buy GENTING with loan and the interest rate is only 4.1% only, Buy FBMKLCI-C4 is kind of buy whole basket of blue chip and the interest rate is 6.7%. The beauty is no margin call and no need to be responsible for any further losses beyond the warrants purchase money.

我个人觉得，要看美国升的息是多少，如果高过预测，股市会跌，如果低过预测，股市会起。

有点怀疑“美国升息，全球股市一定大跌”这看法，既然美国很大可能就快升息，那么市场应该早就已经接受这个事实，一旦真正升息时，哪来大惊慌呢？我觉得搞不好反而市场因此而大起。。

目前我只追踪及计算FBMKLI和GENTING的凭单。因为FBMKLCI掉了许多，而它的凭单没有掉那么多，所以现在全部不值得买。而GENTING只有WA很便宜，其他CW都很贵。

有啊，目前被套在GENTING-WA，所以没有什么交易了。

TYPO error, should be EAGLE HIGH, not EAGLE FIVE.

Why take it so serious?

胡说八道。

What is there to be happy with the single tier dividend? I would have retired 3 years earlier if not with this single tier dividend!

kcchongnz, I dun encourage people to use margin. But if they can handle and insist to use margin, I just wanted to point out that it is better to use shares instead of FD to get margin facility. And the other better alternative to get leverage is to trade call warrants instead of margin. For example, to buy FBMKLCI-CR at RM0.15 at yesterday closing, it is equivalent to get financing to buy a basket of blue chips at an interest rate of 6.1% per year, the "interest" is actually the premium and loss of dividend, the beauty is if market crash, the call warrant holders are not required to be responsible beyond the amount that already paid.

Instead of using 100K FD to get 250K margin, He should use that 100K cash to buy shares first, then use these shares to apply for 150K margin. Now his anticipated return would be (100K*0.06+150K*(0.06-0.0485))/100K=7.725%.

ASB's historical return is less than 11%.

Consistently 15%~18% for 20 years? I think it is very not likely. KLCI's historical return (including dividend) is less than 10%. ICAP's historical return as of today is less than 13%.

I find that it is very cheap, but I dunno whether it will go down further or it is already at the bottom and to rebound very soon. We cant control the market. As for target price, please wait for recommendations from broker firms in next few days.

rich, I am sorry, my mistake. Thanks for the correction.

Look at the quarterly report, out of RM3010m borrowings, only 17.5% or RM529m(USD200m) is in USD. Let say RM/USD weakening from 3.20 to 3.60, the loss in currency exchange is only 200m*RM0.40=RM80m or RM0.025 per share.

As I said before in this forum that I foresaw a huge "Other comprehensive income". It turned out to be 194.5m (or 6 sen per share) due to "Exchange differences on translation of foreign operations". This amount will be reclassified subsequently to profit.

I am happy with the quarterly EPS of 8.65 sen, or 3.14 sen if exclude the one off revaluation gain of 5.51 sen. The 5.51 sen gain from the revaluation of investment property will or will not help in increasing the rental income? Any comment from you people?

http://www.thestar.com.my/Business/Business-News/2015/02/10/Overseas-boost-for-EPF/?style=biz

dapbohong, please refer to the above and understand the following paragragh:

“This is because the EPF only declares dividends on our realised income. We do not recognise unrealised income,” he said. This means that the EPF only regards as income on investments that it has liquidated and not based on revaluation or mark-to-market gains.

What worry me is how much unrealized profit or loss in EPF, why cant EPF just tell us the NAV per every one ringgit of our money? Is it more than RM1.00 or less than that?

Also please dun confuse people with "guarantee 6-7% annual dividend". In reality, EPF guarantee only 2.5%.

luiluilui, The minister said no more cooling measure for property in 2015. The reason given is 70% of Malaysian have properties and they dont like property price going down, versus only 30% of Malaysian dont own property and wish to see property price down. So government choose to be with the 70%.

http://news.sinchew.com.my/node/410019

Good News for property counters.

2014年股市比2013年差，还能给6.35%？有点奇怪。。

The 101 tower deal is not cheap anyway, not bad if it is not approved.

Both the host and guest dun know much about structured warrants, never talk about the fair value, talk only the premium, what a joke!

Please also understand this, almost every housing project is unique, you cant compare a particular project with others, so it is quite easy for directors/managers if they want to swindle money, for example via various sub-contracts, small shareholders cant really do much or question them. That is why many property counters are cheap in term of PE, and forever remain cheap.

I dun think 101 tower is an important factor, to me the more important thing is the profit margin. Another important thing to me is the company is big and owned/managed by the super rich family, chance that they swindle money from the company is much lower compare with those small companies or those big companies but not managed by the major shareholder, you know people are evil, right? So we feel safer with IOIPG, that is why IOIPG should worth at a higher PE.

It is a very good company, cheap at the moment, you can buy and hold it for years, but of course I dun know when is the exact right time to go in. May be it will be even cheaper when the new right issue shares come into the market. You can wait or you can go in now, who know?

It is a very good company and well managed. Its Profit Margin is the highest among all the property developers, which means if the property market soften, IOIPG would be least affected compare to other developers. And with Singapore Dollar and Chinese Renminbi strengthening against Ringgit, the coming quarterly result should be a good one.

I bought some at 2.10.
The next quarterly result should have a lot of comprehensive income due to currency exchange.

小公司的数据就算多么好，也不是重点，重点是管理层的诚信问题，短期投机还可以，长期投资最好不要啦，除非这小公司的股息派发率很高，那还好。