Philip ( buy what you understand)

sleepywolf | Joined since 2017-11-22

Investing Experience Advanced
Risk Profile Moderate





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3 weeks ago | Report Abuse

Some bad choices to be made, this year I cut loss of almost 50% on skpress for their reduction in contacts of Dyson that flew over to Vietnam due to lower costs and better supply chain management. I expect to be wrong, but I think for now I will transfer the funds to SDS over the week, bought from 0.72 onwards since 22 until thaipusam. I have good feelings about this little company that is pulling all the right decisions and managing it's growth very very well.


1 month ago | Report Abuse

Wah sslee laughing to the bank now!

News & Blogs

1 month ago | Report Abuse

ALMOST 84% of the company shares is hold by TOP30 shareholders. imagine the company outside share float left how much ? do comment below and let us know.

Doesn't this mean that this microcap also very easy to goreng and pull rug from the balance 20% shareholders?


1 month ago | Report Abuse

I am probably one of the largest long term investors in yinson and have been invested since 2012. All I can say is that it is more wise to look at yinson as a cyclical business that takes time to gestate and grow. You can take their initial foray into Vietnam as an example.

1. Get a contract with a clean and clear delivery date and good payment rate which is based on the contract value minus the ship construction cost in China.
2. Make sure that you get some advance to help you pay your way through the construction period where you still own the ship at the end.
3. Borrow money to fund the ship construction.
4. Gestate for the 3-5 years while you complete the fpso.
5. Get a very strong team to keep everything on time and on budget.
6. Get to first oil and keep production high.

From there rinse and repeat.

Yinson has done this very very well over the decade. And they are still keeping to this bread and butter business with good funding.

For me I will never know when the share price will go up, but I bought at a cheap price and will continue to hold as the fundamentals remain intact.


2023-11-21 19:23 | Report Abuse

For me I only look at the share price when I'm buying the stock. After that initial buying price I usually monitor more on the performance and cash flow results which is very clear to see in the growing dividends that I will enjoy in the next 5 years. I think since I am less of a trader and more of a collector a business like yinson is more suitable for me to buy compared to many shorter term investment.


2023-11-21 10:48 | Report Abuse

To be honest they did borrow a lot of money to commit into fpso works for petrobas projects, and also after you spend so much money to build ship you still need to see collection with Brazil PETRONAS gov. But if Brazil can collect their money, and if they pay yinson on time and within schedule , I'm sure it will work out fine in long term.

Think of yinson in this way, they are a company like ytlpower that is constantly building huge marine structure that generate revenue every day. It takes a lot of effort to get right, but the profits are good and consistent long term.


2023-11-21 10:44 | Report Abuse

The reason why yinson "share price" is not moving because people are still taking a wait and see approach on their fpso construction and deployment. These things take time, same as how mfcb share price didn't move until they completed and started making money with their hydro project. If the profits start rolling in and things move forward consistently, then share price will reflect performance.

For me I'm content to wait because I know the yinson team fpso management is very competent. I think when all their billions of debt and deployment start to turn around and generate clean profits, then you will see yinson moving up



I saw you invested in a big way on Yinson, Yinson is the second largest investment in this portfolio.
Please tell me what is so good about Yinson.
I know the fundamentals of Yinson is good after you take into consideration the future earnings of FPSO Anna Nery, MQ, Atlanta and Agogo.
Do you know that the share price of Yinson just cannot perform despite all ten analysts recommended a buy on this stock ? No hold or sell call on this stock, 100% a buy call.
I want to know your opinion on this stock.
Please advise.
Thank you.

1 week ago

News & Blogs

2023-10-25 14:37 | Report Abuse

It is interesting how people are very eloquent when it comes to stock analysis but very suspiciously quiet when it comes to stock performance

News & Blogs

2023-10-24 11:48 | Report Abuse

May I have your track record history of stock pick selection from your latest managed fund sir? I would love to attend but would like to know your track record in these matters in terms of stock selection.
I will be providing an investment course for the participants who want to learn comprehensive fundamental investing. It is a 2 day training that will be conducted over the weekend that costs RM5,000.


2023-10-18 10:43 | Report Abuse

Picked up more sds at 0.61 over the past few days and week

News & Blogs

2023-08-28 12:35 | Report Abuse

If anything we value academic results for too much over TVET skills. In Germany 60% of education is TVET and on average tvet graduates are paid more. What we need are useful economic skills that can compete on the highest level. Not the ability to write PowerPoint slides or word documents.
Imagine if 50% of our population was engineers, technicians, welders, builders and specialists with skillsets that are of high enough quality that it is in demand the world over. That would be far better than joining any public university.

Take for example a skill like leather craftsman, one of the most in demand and time consuming skills to have which takes lifetimes to master. Look at where it brought jimmy choo.

News & Blogs

2023-08-28 12:30 | Report Abuse

If you want to paraphrase, then at least complete the full rationalisation.
Firstly, they did not say reject, but the target of the rebalancing is to make sure that the majority who live in rural areas with lack of education mobility to be given preference. This is for all bumiputra, and not specifically malay.

If you think about it bumiputra also include
Sabahan natives
Sarawakian natives
Students from pahang, kelantan, terrengganu and other rural areas.

For your info Mr koon, every year our public intake can only absorb 180k students into public university per year. This is from a list of 403k students that sat the SPM results in 2022. So looking with this list, how do you decide who gets in? If you want to via meritocracy then how can you be fair to ALL Malaysians like anwar says? How would it be fair for students who have to walk 3km to school every day, where teachers travel by boat to class, where teachers are not even keen to go to teach because it is so remote? If we were to compete, is it even a fair competition? The student who has better grades, do we put them ALL in while giving up on the students in the non city towns? Tell me how would that be fair.

In my humble opinion, a doctor coming up from a rural place like kinabatangan or born near the borders of pontianak will have a far more powerful economic effect to their peers and locality than one who was born and raised in ampang center. But one has exposure, the other doesn't in getting grades. So again, who benefits more?

News & Blogs

2023-06-27 08:38 | Report Abuse

Hmm, for such a short period it would appear to be difficult. But in this case if we are to do short term rises, then I would pick up on hartalega


2023-05-31 11:59 | Report Abuse

I3lurker, it is time to realize that no one on i3investors cares what you believe. Time to get a life.


2023-05-30 15:11 | Report Abuse

Really? Which Vietnamese firms are getting the orders?

News & Blogs

2023-05-12 21:49 | Report Abuse

James, you recommend so many stocks, if you recommend 100 stocks in bursa, at least 5 or 10 will have a good record. How about you share your current portfolio holdings so we can learn better from you on which stocks that you actually buy versus the stocks that you recommend. Just looking at your shared articles alone seems to show that you have made videos on almost every stock in bursa Malaysia.


2023-05-10 05:13 | Report Abuse

Stop doing level 1 investing and start reading deeper. Cash flow positive of 15 million means they are making a profit for the quarter while bluesail and intco losing millions even with 10% rebate and 6% tax incentive from China government. Meanwhile Malaysia instead of giving rebates tax glove companies additional windfall tax on top of the 24%. So for harta to make money is amazing. In top of that the impairment is for closing down the 15 year old inefficient lines while they go ahead with ngc newer faster cheaper more efficient lines which bode well for the long term profitability of the company. Yes they lose 70 million in staff payments for vss, but saves company money in the long term also.

Use level 2 thinking. Share price always go up after restructuring. Even twitter now is finally profitable for the first time in history after Elon fired 80% of unnecessary staff and improved efficiency. Twitter will now be worth even more.

OMG!! we must buy counter that make huge loss :D :D

12 hours ago


2023-05-09 15:46 | Report Abuse

The question you should be asking is if everyone is losing money and negative cash flow only one glove company can have positive cash flow, the question you should be asking is WHY?
and then more importantly, if everyone losing money, and only one company making money it is more important to ask: should I be buying more?


I know goreng stock is alive.
Fundamental stock is dead


2023-05-09 12:01 | Report Abuse

Very happy with my autocount ipo grabbing a few shares of a company that everyone I know uses. Question now is, do we buy more?


2023-04-23 08:32 | Report Abuse

But please stop bullying sslee with circular comments and insults which do nothing to investors. If need to argue discuss as a gentleman and stop insulting him like a child. I think sslee never once claimed he was a stock guru or sold any classes. In fact he has no need to, and is the same like me and otb, sharing thoughts and our own results for the world to see and learn from our mistakes. If not for the good sharing of people like them, the stock market of bursa would forever still be a backwater mire of pump and dump stocks and overpriced performers.


2023-04-23 08:28 | Report Abuse

Correct, so the question to ask yourself is this; is insas as a company growing its revenues, cash flow and profit margins every year? If not, why continue to invest in it?


Below are how Philip (buy what you understand) make his millions in stock market.

To identify MOAT at early growth stage and continues invest every quarter if the growth story continues and enjoy the fruit of the best multi-bagger stocks.


2023-04-16 11:07 | Report Abuse

Then again his results since inception is not exactly spectacular


2023-04-16 11:06 | Report Abuse

What is interesting is the fact that tong added 50k myr of insas stock into his portfolio at average price of 0.78


2023-04-14 00:28 | Report Abuse

I retract my words lee. Please don't sell insas. If the average volume is that low, if you try to dump your 2 million shares, not only will you take more than 2 weeks to sell, by that time the asking price will be a very ugly low number. I think your strategy to just collect dividend and wait for miracles is probably the better way.


Market Cap: 562 Million
NOSH: 693 Million
Avg Volume (4 weeks): 152,100

If average 152,100 per trading day then need 13.145 days to clear 2 million shares.


2023-04-13 13:31 | Report Abuse

I also lost big on serba, but we all love and learn


2023-04-13 13:27 | Report Abuse

My condolences on your lost of opportunity on jaks.
said i would be willing to become JAKS CEO with a 500k salary. He only shut up when i said i was JAKS top 30 share holder.


2023-04-13 13:26 | Report Abuse

I'm still a chartered ingenieur, which means I still take projects here and there, like the new feasibility study for lahad datu International Airport, and the reason pavilion group yayasan sabah 6 billion project consultant team. Despite being retired, I'm still sought after to collaborate.

I wonder when you retire and go to wherever your dream retirement home is, will people still look for you? Or would a TV and I3 forum be your best friend.

FYI, why are you still commenting? It is already proven from detailed study that over the last 4 years if you compare QL's performance with insas, ql win by 75% within last 5 years share price, yinson up 40% versus insas -7% within the same period, topglove share splits and share hikes versus insas nothing to say ya.

I'm sorry, why are we still talking about insas as if it is a good investment?

If I am not mistaken Philip just recently retired from his full time job.
My boss never retired so is that mean Philip never start his own business? What a waste on his network of collaboration.


2023-04-13 13:11 | Report Abuse

Hi kid, be glad that 30% of my portfolio in 2019 was topglove shares which were held and kept over the years. Instead of telling me nonsense of trying to time the market, you should have just asked yourself, why didn't I buy enough of topglove back in 2019 and hold for just 3 years cun cun buy call?

Then again, my portfolio which was started in 2019, is probably fake.

FYI, I still bought topglove in 2019, which you probably didn't

Posted by CharlesT > 3 hours ago | Report Abuse

If only Philip listens to my noble advice on not selling TG too early in Mid 2020, not buying more Serbak in 2021 (after listening to the insiders of Serbak), not buying Harta too early during end 2021, he could at least earns n lose less RM50M (or more)


2023-04-13 13:08 | Report Abuse

The profits made more than a ringgit in dividends received up date, and being able to buy and hold and sell topglove shares at multi year highs without being greedy to hold until today is under lesson to learn. How much did the general shareholder earn from just holding on

Just a the lesson here is to sell insas and buy inari.

Some facts and figures on Philip’ business sense.
Philip sold his in-law Public Bank shares and bought Pchem on 04/01/2019 1,495,200 shares at per share RM 8.18.
By the end of 2019 he is holding 2,463,000 shares at average per share RM 7.911 or per share ex dividend of RM 7.699


2023-04-13 13:05 | Report Abuse

It is a nonexistent as your love life I suppose.
Assuming his portfolio is real lah


2023-04-13 13:04 | Report Abuse

You do not have enough business sense to understand the point of it all. You look at the trees and only care to see the leaves and not the forest. The point of networking is not to build a network of dependency, but to build a network of collaboration. This lack of understanding is why you are forever a worker, while your boss is still the boss.

If you think you are smarter than your boss, you would have started your own petrochemical firm by now. As it is, you will always be an overpaid and valuable trusted worker.

Workers look at the surface and understand protocols.
Bosses look at the lesson and improve on it.

Best of luck with your retirement

Know what wrong with above Philip Mental model/business sense?
My company has a very clear policy never meet/do thing with business associate behind the boss back, never accept any gift from business associate and if you need to have dinner with business associate then you pay the dinner and not the business associate.


2023-04-11 23:24 | Report Abuse

If you hear this excuse what would you feel?
Such a lame excuse, still can pakai? 1 billion in cash, you can easily start to find 18% to start buying under different guise to drive the price up and hit mgo quietly. What is 100 million to get 20% to buy over majority? Borrow from bank at 10% pa also worth it...
I think I do explain before.
Leno explanation is the free WC to reward the shareholder.
My explanation since Dato Sri Thong and PAC only hold 32.96% hence to prevent hostile raider Dato Sri Thong and PAC use the WC as defensive tool


2023-04-11 12:35 | Report Abuse

As someone with a minimum amount of business sense, I know exactly why. Sslee as someone who is full of BS, I'm thinking he doesn't know why, or chooses not to dig why.


Why Insas still want to raise rights issue over the years to pay debt?
When question he can't give the answer he just ignored.


2023-04-10 10:44 | Report Abuse

Also, correct me if I am wrong sslee. Warrants dilute shareholders upon resolution, and people will then balk at buying shares at a higher price because they know they will be diluted by suppliers


2023-04-10 10:41 | Report Abuse

I think his tp was 1.50. Although I have no idea why his tp is 1.50, when the nta is 3.49? What is that logic? You want to be honorable and allow someone else to earn the 1.50 to 3.00 price range? Or is it is not 1.50, you will have a change of heart and wait until 3?


SSslee was still promoting Insas when it was RM1.20? Hold tight tight ke?


2023-04-10 10:39 | Report Abuse

Buying low and selling high at just the perfect time every single time right? Amazing, for such an illiquid stock. Hope much can be actually earn?

Posted by Sslee > 2 hours ago | Report Abuse

TheContrarian is laughing all the way to the bank by trading Insas share many times.


2023-04-09 21:39 | Report Abuse

Thanks for giving yet another reason why insas is such a horrible deal. I'm business, how is giving wc "rewarding" shareholders? You take rights issue, why? When you have hundreds of millions of dollars? What kind of half assed excuse is that?

I think I do explain before.
Leno explanation is the free WC to reward the shareholder.
My explanation since Dato Sri Thong and PAC only hold 32.96% hence to prevent hostile raider Dato Sri Thong and PAC use the WC as defensive tool

11 hours ago


2023-04-09 09:59 | Report Abuse

Please explain the justification of rights issue if you have hundreds of millions of cash (according to sslee) in terms of benefitting a company profit long term


2023-04-09 09:56 | Report Abuse

Can you explain why a company with almost 6:1 ratio of assets and cash to liabilities still want to raise rights issue over the years to pay debt?

It's comparable to your boss asking to borrow money from you his staff to pay for expenses, saying he will pay you back end of the year.

If that does not leave your head scratching I don't know what will.

If you don't think that is being badly managed, then you deserve to be insas shareholder.

You do realise that esos is granted at the cost of shareholder right? And the only way you will earn is either from profits that are used to reduce debt, dividends and share buybacks. Those are the only way a shareholder actually profits from buying shares in the company long term.

Real value.


Insas past 10 year record:
NP to SH: 215,055: 245,706: 14,849: 81,855: 90,517: 180,888: 77,376: 91,129: 160,404: 62,041
Net Worth: 2,194,599: 1,982,432: 1,750,354: 1,737,078: 1,650,887: 1,551,436: 1,352,726: 1,267,337: 1,198,048: 1,046,187

As at 31/12/2022.
Non current assets: RM 918,930,000
Current assets: RM 1,842,474,000
Non current liabilities: RM 170,155,000
Current liabilities: RM 345,778,000
Total equity: RM 2,245,471,000
Of which retain earning: RM 1,344,348,000
NAPS: RM 3.39.

Can a badly managed company do the above?


2023-04-08 22:33 | Report Abuse

Purebullsheet, why do you constantly feel the need to boast on your results? It's embarrassing and degrading that you accrual think by dating nonsense that it will add some credibility to your "trading" acumen.


2023-04-08 22:31 | Report Abuse

Sure thing kid. I'm sure you make beautiful profit every day with zero possibility of losses. Since it is April 1st, I might as well tell you that I am actually Philip tech chau hyuk and I actually own 18,753,450 shares which I bought at 12 cents, which is now worth 75 cents. So now I made millions while you earn kopi ping.

See how easy it is? Very easy to tell nonsense when you don't have to do anything to back it up.

PureBULL >>>, [2023-04-07 7:57 AM]
a clear cut EX in sds:
i was in at 64/5 n am out completely of its MAJOR C wave


2023-04-08 22:25 | Report Abuse

If free dividend income why need to sell shares at all. If need to sell shares why not distribute to shareholders? If not distribute to shareholders, what are they doing with the money? If doing something with the money why still need to do rps and pay preferred shares dividend? So you see, trying to defend the indefensible becomes... mind boggling.


Their best technology holdings inari - selling. Ans: Insas still hold 537,008,575 inari for tax free dividend income


2023-04-08 22:22 | Report Abuse

How is it quietly when I updated my online portfolio immediately after I sold the entire block and informed everyone in my tracked portfolio? Unlike you I do not comment or insult people in serba group for not knowing maths

By the way did Philip make an apology in Serbadk forum when he know he is wrong and cut loss quietly?


2023-04-08 22:19 | Report Abuse

FYI, I made a ton of money buying knower and scib and selling warrants which did a little bit to mitigate my losses in serba.

On another hand, I just wrote to explain why I bought something which I owned. Who should I be apologising to? I dare you to find when did I go to serba forum to tell people to buy and follow me to join in serba shares. But you will find that the moment I sold I did mention in the forum clearly and immediately. In fact, I never once incited anyone to buy serba, and in fact I kept my serba ownership to 5% of my portfolio as I stated even in my articles the risk reward scenario of investing in serba.

But why are we talking about 5% of my portfolio, when your largest holding is undoubtedly in insas. Imagine all the "value" investors taking your advice and your way of trying to defend the indefensible abs you long term 7 year returns in insas which underperform fixed deposit. 7 year returns.


Why I invested in Serba Dinamik, Kpowers and SCIB
Author: Philip ( buy what you understand) | Publish date: Wed, 2 Sep 2020, 5:21 PM

Why I bought even more SERBADK bonds and stocks
Author: Philip ( buy what you understand)


2023-04-08 22:12 | Report Abuse

FYI sslee, just so you know hohup major project now is the crown in kota kinabalu, now totally stop change new maincon and no money to inject for bridging loan to continue project. Please take a look at that catastrophe. In fact you are welcome to come down any time to see the progress of a mega project that is forced to sell at 1500 per square foot because of high development and land costs.


2023-04-08 15:35 | Report Abuse

And not only that, if you look at my transactions, you will notice that after receiving dividend from pchem I put my money where my mouth was and support it to buy 70k shares of pchem right after receiving. Funny how ii bought 70k shares, prices went up by 10% or 70 cents.

What did you today except talk? Do you even hold any shares my young friend? Put your money where your mouth is. Not the nonsense where when you make money you still at the perfect timing with no portfolio record. Anyone can do.

Ole man talking very loud today. Is it because PChem has touched 7.50???

2 hours ago


2023-04-08 15:30 | Report Abuse

Very sad indeed. Rather than explain further on insas in an insas forum, why are you bringing in other stocks like pchem and harta and hrc and petronm in a insas forum. Like you are always feeling it is your civic duty to tell people to buy hrc or to sell capitalA, I feel it is my civic duty to point out what a "value trap" insas is so young investors who just started reading a book on value investing, use a few screeners and thin they know everything they need to know about investing and start buying "bargains" like insas thinking that it will go up. 7 years later they become sslee.

Let's help new young investors not lose their shirts in these type of badly managed companies.


2023-04-08 12:29 | Report Abuse

If this was true, don't you think the Thong family would be the first to do so instead of doing rps and raise debt for no apparent reason?


2023-04-08 09:49 | Report Abuse

The simple fact in business is that you need to use current and ongoing business performance to judge a company, not past accolades. That is the best way to measure insas.

Their best technology holdings inari - selling.
Their best stock trading m&a business - selling.
Their development project - loss and stop. No need development.
Their f&b business - when was the last time dome opened new branch?
Their clothing business - not doing well.
Their car business - sold.

A history of failed current enterprises using resources from the past few successful business.

Today is a different world. One needs to be able to see and understand what value traps are.