How to evade all out fraud company? And to be honest I'm the 25 years that I have known them I did not invest in then until recently and even then only with 7% of my portfolio, so I am fully aware of the risks I am taking. But as you know my major holdings have been doing very well over this period, so win 9 times lose out 1 times, I think it is fair.

Fyi my losses for serba is lower than my gains from kpower and scib. Look it up, it's tracked in my portfolio.

>>>>>>

Posted by Windy1974 > Feb 23, 2022 3:52 PM | Report Abuse

Philip. You were spot on our management and understanding the business you invest in. Look where it got you for Serba

The fact that you are using profit from other places to collect nonperforming stock insas shows how you are simply buying without thinking deeper.

Just like management of insas selling inari to fund start ups in sengenics and card vis fraud etc.

But go ahead go and buy whatever you want. But no need to be like Calvin tan go to other threads other business just to push people to buy insas.

Not everyone is silly.

>>>>>

Sslee I have no problem with Insas or Insas CEO Dato' Wong.
In fact I am happily collecting Insas with profit I made from my other shares investment.
23/02/2022 3:17 PM

Then why no one in bursa and in foreign institutions know about your intrinsic value definition of insas? After so many years still people are blind to insas? I think you should spend more time trying to understand your biggest position insas versus why I would rather buy loss making harta and serba and pchem than putting a single cent into insas.

Your intrinsic value is wrong because you fail to add in quality of management and their ability to burn cash into lousy businesses instead of investing in good growing companies.

The failure to recognize the poor usage of cash is why no one is willing to be a long term investor in insas.

Nothing is wrong, hartalega is 15% of my portfolio and I am buying more once I receive dividends. As you can see from my portfolio which I share clearly every action done, I am buying and holding and looking to collect more as time passes. I still believe that harta will be a 10 billion USD company moving forward, and I am happy to hold and buy more. Hartalega hasa very clear plan to growing earnings with more production coming online.

If you have bothered to read the qr reports you can answer a simple question on supply chain.

I may have been wrong in predicting a quarterly return, but guess what I have bought it at a cheap price which is at 2018 levels, with huge cash to fight new entrants to the industry.

But looks like I was still right to avoid insas. It is and has always been a value trap. And the fact that you seem to think that it is a wonderful company just because it has "assets" makes wonder as you use the same lens to value companies like kossan (4 billion net worth with billions of cash).

Mind telling me your projections for insas 5 years from now? Will it be worth more or the same?

Or will insas be forever a value trap?

Sslee, grow up. You have never been to harta plant or topglove plant and you obviously have no idea what sort of competitive advantage they have versus Kossan. As someone who only looks at earnings per share and market cap, you deserve everything you get.

You deserve insas. Please stop trying to get people to buy such a lousy company with no growth prospects and no idea how to use the good luck they received with inari except selling more of it to fund bad investments like sengenics and car rental and fashion houses.

Funny how someone who buys insas and tunepro seems to think they should have the right to tell others what to buy.

Trying to promote insas in another channel is embarrasing. Those who know about insas will avoid it due to no future growth or a clear way of using money. Why spam in hartalega?


>>>>>


Sslee Insas:
29-Nov-2021 30-Dec-2021 DIVIDEND Interim Dividend RM 0.0250 Dividend Detail
07-Dec-2020 21-Dec-2020 DIVIDEND Interim Dividend RM 0.0200 Dividend Detail
06-Dec-2019 20-Dec-2019 DIVIDEND Interim Dividend RM 0.0200 Dividend Detail
23/02/2022 8:40 AM

As someone who has visited press metal plant in bintulu recently, I thought the reason why press metal is a 56 billion ringgit company and alcom is a penny stock would be very very clear.

Cost structure, management, access to customers and margins.
1. Cost structure - power supply from an ESG approved hydro source negotiated at much lower rates than tnb and cheap labor and cheap land agreement with Sarawak government which is the biggest costs in any manufacturing center is a huge huge difference from alcom scale. Peanuts versus elephants.

2. Management - very well managed company which supplies to the largest electronics company in the world, and major European and American companies versus a company which if not for shortage and inflation will be loss making and unable to compete internationally.

3. Access to customers - cash and reputation is king. Who do you think wins?
4. Margins - for all the reasons above, press metal has huge and wonderful margins.

For these reasons I think buying alcom is a silly idea born of speculation in penny stocks. Anyone who buys penny stocks deserves everything they get from it.

Then why is kossan 4 billion and harta still 17 billion?

>>>>>>>>

Sslee Kossan EPS 8.57 cents compare to Harta EPS 7.58 cents
Harta more room to drop.
17/02/2022 10:25 PM

And that is why I bought diy IPO and after selling it still goes up, while some buy a huge position in insas, which still is the same 80-90 cents forever.

Looks like you still have much to learn about business. Well, just stick and read up more about diy over the years, as they ramp up more and more shops and open in places you have never heard of.

>>>>>>>>>

Sslee How to make 800 million a year in profit when you are only jaguh kampong (Malaysia and Brunei) and any other expansion beyond Malaysia and Brunei is not belong to you but the pocket of major owners?

Sslee, how much would you pay for a company that can realistically make 800 million a year in profits with a highly scalable business model and very resilient to pandemic performance?

Those who understand business will know why diy did almost a billion in revenue and 134 million in profits after tax.

Those who only look at past results will say... Diy is overpriced.

Hope you learn something new.

Sold sop @4.68. completed trade in history at v26.8%

Why?
Because it is not a blog page, it is my own portfolio page for people to read and learn how I buy stocks and compare what I do with the results over a 5-10 years.

It is not made for you and raider and others to start a kopitiam and talk nonsense.

what is wrong with you kids these days? dont know how to make money so spend it on pasar malam talk instead?

>>>>>>>>

Posted by Mikecyc > Feb 14, 2022 11:42 AM | Report Abuse

Haha why ah Philip is closed his blog on this ??? i am just posted today ...

If China selling price can be same as harta cost price, then I will definitely sell. Right now it is total opposite. If price war happens, I know who will win.

Because that directly relates to when I will sell harta, when their production costs becomes uncompetitive versus China producers.

Maybe you can answer my question first on intco and bluesail cost of production per box of gloves?

>>>>>>>>

tonypang01 Uncle Philip, when you invest stock eg Harta ....how long u plan to hold? also how your strategy to average down if Harta keep on dropping due to sentiment?
12/02/2022 9:49 AM

I get to buy harta at 2017 prices, only this time they have 60 billion more capacity on the way, paid almost 60 cents in dividends, and they still have 3 billion in cash with almost no debt. Very hard for a company to go bankrupt if they don't borrow money.

In any case, you don't go to the supermarket when prices are high, you buy when got big big discount available.

>>>>>>
tonypang01 Uncle Philip, what make you such high % invest into Harta? there must be some unique or strategic positioning with yr wisdom investment journey.

Let me ask you back a question, what is intco and bluesail production cost per box of gloves? What is hartalega production cost per box? Once you find that info out( not in annual report or quarterly report), then you will know who can sell at low prices and still make money.
>>>>>>>>


tonypang01 Thanks Uncle Philip, how do you think Harta or Malaysia glove competitiveness vs China glove co especially Intco or bluesail?

To be honest I've owned topglove since 2010, and sold it ten years later haha. But to answer your question, look at the historical net profit quality. You will quickly notice how high the profitability is for harta compared to all their competitors like the ones you mentioned. Why is it so? Nitrile gloves dominance, with applications in medical line, due to their patents in inventing the first nitrile gloves technologies.

Why would it be bad? Pchem is servicing south east Asia with 12,800,000. While jilin total production is 6,780,000 TPA capacity. One is in North East China servicing China customers, the other is in South East Asia, serving the fastest growing populations in the world in Indonesia, Vietnam, Cambodia.

And more importantly, pchem profits is 50% from urea fertilizer serving the palm oil plantations... What did that have to do with Jilin?

Very appreciated and thanks.

Yinson is definitely a bad investment. We should be looking at buying talamt and netx instead as they have huge assets! Those seem like a wonderful investment as calvintaneng is a top 30 shareholder in netx as I recall he claims.

What else do you know

>>>>>>>>
02/2022 5:16 PM

calvintaneng Yinson Debt Bomb has ballooned to over Rm7 Billions (more than twice that of Serba)

My rationale comes from their business model. Hibiscus buys brownfield assets from shell and other customers who have gone through the majority of the extraction and sell it to hibiscus who believe that there is still more to dig and thus offer a bid for the assets. However being in the industry I think it is definitely more art than science on how much extraction can be done and selling at what price. Currently now at 90+ per barrel it would seem like a wonderful idea to buy, however if the oil price drops you will have the same case of sapura and armada which did speculative investments of the similar nature. Whether or not hibiscus paid a good price for the bid remains to be seen, however for the moment they seem to have struck black gold indeed.


>>>>>>>>>>

Windy1974 Hi Philip. Well written as usual and it shows how much time you have spent on your investment.
However, please enlighten me how is Hibiscus speculative stock?

Here is where we look at safety, do you buy bumi armada with a history of delays in FPSO uptime and lawsuits with clients on non production? They do have a firm order book of 15 billion ringgit, however their cash position is weak and will not be able to bid for more big jobs( I suspect FEED will go to yinson), meanwhile they are only recently out of the woods with there current contract oil price.

Meanwhile you have yinson which is double the market cap, yet they have 4 times the order book at 15 billion USD, a long history of completing their projects on time and on schedule, and most important they are linking with all the big clients with good payment.

Who will you choose? I know where my line in the sand is drawn.

I personally believe shale as an industry does not work as the associated costs are far too high. Maybe once middle East production reduces.

Yes, it takes time to restart productions and bring in drilling crew. In the meantime, those who are in the business will be enjoying huge earnings.

Oil price sudden spike is not only because of oil demand but also due to shortage and disparity between supply and demand.

>>>>>>>>>>>
Winter will be over soon and oil demand will tapper off.
So dream on the USD 120 per barrel oil.

What is armada order book?

>>>>>>>>>
ITreeinvestor armada much better with pe5 only
07/02/2022 5:39 PM

Is yinson a oil services unicorn? I think so, from the last 12 years since 2010, yinson has been a 100x company. imagine that for a malaysian company that not many people even realizes exists but can compete on the world stage.

In investing we should always learn how to invert. The question we should ask is, why did institutions borrow 7 billion to yinson? Is it unsecured loans? Or loans based on assets as collateral and long term contracts?

Once we invert we find out that the revenue generated of 4 billion a year already includes operating cash
Of 781 million per quarter, with 200 million in finance costs paid. More importantly, what is in the order book that underlies the loan?

FPSO Anna nery of which part of the loan is being borrowed, will start in 2023 and a service contract of 25 years, 25% of which was sold to sumitomo group. The right thing to do is how much is the charter contract per day? Maybe the project contract value of 5.4 billion USD over 25 years is an interesting number? Their daily rate for charter is 590k per day, which is a lot higher than the recent contract win for marlim basin, FPSO Atlanta and FPSO maria, also 22 year charters at 500k per day starting in 2024.

Now the question you should ask is this. How much revenue and cash flow will they be receiving in 2024…? Will yinson be doubling its revenue from 4 billion to 8 billion a year? Or will it be 12 billion a year?

Yinson is a very simple business to understand. Their order is clear and signed until 2048, the volume signed and the requirements to hit their target to deploy 3 more FPSO with million barrels capacity is forcing them to take a huge pp to fund the growth of 1.6 billion needed to build the ships.

Their contracts are even easier to understand. They don't charge per barrel or split exploration costs like sapura or armada. They charge a fix day rate for charter of ships over a set period with all costs amortised within contract.

So far all their FPSO have 99% uptime, with the only cancelled project was in Vietnam due to force majeure ( yinson gets to keep the ship as part of contract and partial payment). Other than that, yinson orang puteh managers all have a stellar track record.

The only thing required now is time.

Why is sumitomo group willing to pay 25%? Why did k-line also buy another 10%? Why sukuk 1 billion renewable bond approve? The data is very clear and very simple to understand. I'm surprised with information you can directly download off the internet( contracts are on the yinson website and upstream online) we still find uncertainty.

Incredible.

>>>>>>>
JJPTR Yinson short and long term loan is about $7.35billion only. Assuming borrowing rates about 7%, interest cost comes to $514m only. And yearly profit not enough to cover the borrowing cost. Will it collapse? Depend who will run first.
paying loan interest is one thing,paying back the loan of 7.35b is another thing.
One way is to print $7.35b worth of papers and dilute existing shareholders.
31/01/2022 10:02 AM

So many crazy fools trolling in so many different groups. Talk about plantations in logistics company discussion.

Sooner or later sure talk about insas

You on the other hand, deserve neither respect of the time of day. The saddest thing is in 10,000 posts you have never had a single good word or an original opinion of what stocks to buy. You are worse than a scammer, someone who has an opinion about everything but has never gone ahead and done anything worthwhile in life. What stocks do you hold? What successes have you made in life? What challenges have you overcome? I think your online claim to fame is to tell everyone that you are the famous i3 troll, who tries to pick a fight with everyone because you show none of the qualities of a good investor.

So free to post 10,000 comments on i3, what have you done with your life up to now? Sadly only online bullying, no wife, no kids, no life, no friends.

Maybe you can actually read up on kh lim as the boys of senheng and how he has struggled through life and made something of himself.

He certainly has very little time to post 10,000 comments and waste time being a troll...

>>>>>>>>>>

i3lurker sslee

I am shocked !!!

I guess someone ran out of Suiyee Sucker Billis worth scamming inside Telegram
..........and now is coming back to toxic i3 to scrape toxic people off the bottom of the barrel, for scamming purposes of course !!!!!

Why are you ask treating this like pasar malam? Please refrain from posting other non relevant information in this blog post. This is why I find it irritating, write one article and suddenly different conversation come in. Why cannot stick on topic?

As for serba, I have said and admitted my mistake. I have put my selling and amount and details on when I sold it exactly as well as my explanation on what has happen. You can look at my portfolio as to the exact time and date and my comments on that.

https://klse.i3investor.com/servlets/pfs/120720.jsp#tabs_group2

You are welcome to post whatever you want on it there or start your own blog on it.

Note that even though I do not need to explain my decisions and actions to anyone, I do however publicly post my portfolio and the transactions publicly and the without editing. Immediately after I buy or sell I report clearly, unlike many of the pump and dumpers in this group.

In any case you can post if I have any conscience, as I clearly treat my transactions and reports clearly. Instead of harping on small trades or small risky investments on my portfolio, why not comment on my biggest purchase instead in pchem and start from there on my investment philosophy?

In any case, please respect my blog which is on SENHENG, and stick to discussions on that. Trying to troll other blogs are beneath you. You are like someone having a discussion on palm oil matters in a seminar and someone suddenly comes and shouts about buying in Insas! Insas! Insas! And drowning others comments.

You are not a Calvin tan eng Yee. Please respect yourself if not others.

Noted and thanks

Can keep the pasar malam talk to on TOPIC please? If you want to discuss, stick to senheng. I remember you were very very WRONG about the prospects of Mr DIY, so if you dont have anything to add, you are welcome to write your own post about Inari somewhere else, no need to hijack other writeups.

>>>>>>>

Posted by i3lurker > Jan 31, 2022 11:16 AM | Report Abuse

sslee

helping you lah

buying some Inari now to catch falling knife, not recommending this to anyone else

This is one of the silliest mental models that I have learned to shake of decades ago. If something is selling cheap, we have to understand why, instead of dumb dumb buy, because bursa rules and nyse rules are different.

And yes windy1974, the goal is to never too busy simply buy something that looks cheap on paper. We need to understand why something is selling cheap. Even more so when shares of "undervalued" Insas has been selling at cheap price since 2015 with no improvement.

>>>>>>>>>

Sslee As of Insas just read the financial report. You are actually put in RM1.00 to get and investment sum of RM3.00 for Insas to invest the money for you.
31/01/2022 9:33 AM

Just as I cannot understand why you will ever want to become top 30 shareholders of companies like insas,

You will never understand why I bought DIY(1.7), Tesla(500), palantir(13) and stoneco(19). After selling at 2+, 1100+, 38+, and 80+, all tracked on telegram,

You will probably also never understand why I bought back pltr, stne, Baba and Netflix as well, prices and decisions also tracked portfolio.

Then again, as a previous major top 10 shareholder of xinquan,

Your goal is never to understand, but more to make everyone agree with your way of thinking. Too bad your results also don't match your claims.


>>>>>>>>>>>

Sslee Good morning i3lurker,
https://klse.i3investor.com/blogs/Telegram/2021-06-15-story-h1566847714-Why_I_bought_even_more_SERBADK_bonds_and_stocks.jsp
Author: Philip ( buy what you understand) | Publish date: Tue, 15 Jun 2021, 5:56 AM

Untill now I still cannot understand what Philip trying to tell in the story of 'The Dog and the Dragon.’

Yes, sadly full of trolls who talk about everything other than the original post. Yes I lost 5 million on my serba investment and I posted exactly when I cut my losses in my portfolio page. And yes it is a small portion of my portfolio at 5%, meanwhile my entire portfolio is still boring and intact and doing well.

As for i3lurker who has never had a stock idea but insist only on being a troll with no portfolio and no performance, what makes you think anyone cares what you think? If you have 20k views on your blog article with a trackable portfolio to actually back up whatever you have to say, maybe one day you will realize:

Those who can do.
Those who can't talk.
Those who can't talk, can only be a troll.

Until then on an 3 year rolling basis since I started tracking my portfolio on i3, my long term performance is still miles better than a troll like you. At 16.5% CAGR over 3 years, much much better.

Maybe you should spend less time trolling or and more time thinking about investments.

That is very true and a huge problem here in Kota Kinabalu. I still see they have surface 3 for sale at the counter. Dead stock.

https://klse.i3investor.com/servlets/pfs/123029.jsp

>>>>>>>>

Calvin tan record of stock picks promoted since 2019 performance... he will tell you he bought all at the right time and sold at the right time.

He will also con you and say that he bought NETX at 0.01 cent with no chance of it dropping... and now NETX is at 0.12 cent! amazing 12x return...

however take a look at the reverse dilution to know the truth of how his investments over the years are really doing.

bought more pchem at 8.91

In my opinion ctos can't be more than a 800 million company. For a company that was established in 1990, those in Malaysia that require those services already have access. And since the database itself does not belong to ctos, I see no value in overvaluing then this high.

If not good I would not be buying it. Compared to others innoprise offers good dividends(20%) and good share price increase (36%)

I am a CPO producer and I don't see why benefit because the increased price of CPO is tempered by the difficulty in sourcing workers and delivery costs. If my small 100 acre farm can feel it, imagine how the upset the larger farms would be

Nola, he is also promote and get people to buy big in talamt and netx,

>>>>>>>>>>>


Posted by Want2MakeMoney > Jan 26, 2022 2:31 PM | Report Abuse

Calvin only loves and promote palm oil stock. lol

Worst of all using Jesus name to promote reliability and trustworthiness. The road to hell is paved with good intentions indeed.

First time you know him? I bought glove stocks since 2009 and said not a word while enjoying huge profits. Why need to bring other stocks down to push up your own stock picks? I buy gloves, tech, chemicals and palm oil ( small amounts because we all know this is unsustainable, and my farm itself is doing good but suffering because of covid and lack of workers to deliver palm oil). Calvin who lives in Holland and knows nothing about palm oil except what he reads, his palm oil stock not doing well despite high prices( and he still didn't know why), so he needs to bring down other stocks so people will support his stock picks.

He try to bring down yinson ( lawsuit). Now apologize.
He try to bring down pchem ( just read his comments before). Now pchem is all time revenue and earnings and dividend high.
He try to talk bad about other stock( any and all) just to get people to buy his scam stocks like netx, talamt and scomies and now his recent palm oil stocks which haven't been moving at all.

Very sad indeed.

These kind of harvest city pastors are all like that, they try to push their own star by casting mud on everything else.

Typical conman

>>>>>>>>

Liar always liar, never change behaviour
26/01/2022 8:30 AM

If this was really true, why would he buy pn17 air Asia? This i do not understand what margin of safety is there.

>>>>>>>>>

JohnDough “Margin of safety is as important in Tan Teng Boo’s new value investing as it was in Buffett’s Phase 2 or Graham’s Phase 1. The necessity to derive long-term intrinsic values remains the same too.

Understanding the long-term economics of a business has remained as important as ever, if not more so in an age where disruption, originating from technology or non-technology sources or both, is probably becoming more regular.

As Tan Teng Boo explained in his Apr 2019 talk, the important drivers of New Value Investing or Phase 3 of value investing are:

Inflation theme stocks is to buy stocks that benefit from inflation. Simply looking at commodity stocks to buy is dangerous as commodities have no pricing power. You should be looking at commodity stocks with own brand name which is locally sourced and immune to transport costs.

For example PETRONAS additives and pchem fertilizers. Or coca cola soft drinks, McDonalds burgers etc. You will soon see these kind of business post quarter after quarter of growth in revenue and margins.

I am trying to avoid pure commodity stocks like steel manufacturingfactories or palm oil farms as those are more cyclical

Happy year of the tiger everyone.

Correct and well said.

>>>>>>>>

Posted by Sslee > Jan 23, 2022 7:46 PM | Report Abuse

Recession or not you must hold some cash to take advantage of every situation/opportunity.

DON'T WORRY. THIS TOO SHALL PASS.