Learning how to hold and watch paint dry can be very profitable.

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

Bought Roblox. Digital Lego at its finest.

Mikecyc, you win. Please give mercy to those who just want to read about sharings and information instead you drowning every forum thread with your comments. Are you such a good investor yourself to comment so much? Please share your trackable portfolio if so, I would like to learn from you.

Even though I don't like kids like Leno, Calvintan and stockraider, I see no reason why other readers should suffer just because I don't like them.

There are other people who use this thread for useful things you know.

You are not the only one.

bought pmetal at 9.25@25 february after qr results. commodities will be a thing moving forward, at least for the next few weeks.

It seems like calvintan glowing report of jtiasa is nothing but bullshit again. Too bad, not the first time he post such nonsense.

If you want to see 2010 profits you need to convince demand+supply increases.

For this case the reason why prices are high is because supply is constrained. So if the demand is low, prices are high also will not contribute to bottom line and topline of the company.

Yes, good that you have learned new things compared to last time you also post bad things about everyone and everything that is purely sharing.

In any case I am also slowly moving to tegram where things are more discreet and people like Calvin tan and mikecyc do not exist. Icon8888 is doing well and move on to greener pastures as well.

Information now has moved to places that are moderated carefully and people prefer sharing information and gaining knowledge compared to showing off, selling stock tips, and showing off.

Sadly, Calvin tan is also now on telegramm.
>>>>>>>>>

Sslee Haha i3lurker,
I am not teaching but sharing.
I beleive if you are really thankful, what do you do? You share.
26/02/2021 11:58 PM

Yes I trust kpower, I bought it at rm1. Now split and still enjoying warrants.
Karim need to monitor more definitely.

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

In the last year we had covid which hurt projections and sales and the low price of oil which hurt the ASP. As pchem earns a standard fixed margin on their products, as the oil price goes up, their volume also will go up as less dumping will occur.

Since I bought more stock at 4.19 and 5+, the oil price has gone from 20 to 63, the vaccine to covid is going to be implemented soon, pangerang is going to be running full production with new products, and more consumption will happen as people move out of 2 years of hunger.

Stop asking 2-3 quarters figures. The real money will be made when you start thinking about 3-5 years figures.

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

>>>>>>>

Kevin Tam Pchem still posting below average quarterly profit for last 2-3 quarters n wonder HL research keep giving higher target prices for many heavy weight counters in KLCI...The target price of RM7.40 or above 7.20 looks irrational at this point of time ....
17/02/2021 10:38 AM

Sslee, when are you going to come back to Malaysia to help the b40 crowd? My local rotary club has already started a very successful micro loans program for rural areas to produce goods for sale, and also doing a lot of tax repayments to local businesses to the government.

Don't just complain and say this bad etc etc.

Contribute.

I believe I have done my part, both in helping a lot of young investors to change their mental models on trading versus investing, as well as keeping up financial aid during this trying process.

I think it would definitely make a bigger difference to talk less and do more for Malaysia, instead of feeding the inaccurate image that Malaysia is a useless country.

But then again you are in Medan, so what can I say? The grass is always greener on the other side.

Change is not done by talking. Change is done by doing.

Oil is up from -27 when I first plowed into o&g stocks to 62 today, which is going to give big multi year profits to Malaysia as the end of US oil and gas production by biden will signal a huge oil price increase moving forward. Palm oil prices are inching up in tandem, and Malaysian furniture,ems and tech export is stronger than ever.

Blink and you might just miss the growth of Malaysia behind the fog tinted glasses you are wearing.

I am very fond of malaysia and I believe in its long term growth.

How could I not? By investing in Malaysia from 2009 until 2021... I have made a huge huge profit.
Topglove
Ql
Skp
Pchem
Kpower/scib/serbadk
Yinson

All the international arms of Malaysia is competing overseas and doing very well bringing in tax income to Malaysia.

I think Malaysia is as far from the sick man of Asia as you can think.

Movers, malaysia is the 22nd best country in the world for growth and transcending beyond.

https://www.usnews.com/news/best-countries/movers-rankings

The growth rates, natural resources and the internet savvy attitudes of the next generation of Malaysians show that they are pushing forward in growth of Malaysia position as the East meets West of the region.

With a internet mindset, the growth of semiconductor and tech industry in the North, and the furniture and EMS production in the South, the multi language speaking Malaysians that can converse in Arabic, Malay, English and Chinese is very sought after. Foreign countries that are trying to avoid China has already begun investments in Malaysia as a go between. Middle East countries are also choosing to work with Malaysians who are seen as modern and forward looking with good grasp of English in the region, Muslim upbringing and Chinese education.

Growth rates wise, Malaysia is definitely on the rise versus many stagnant countries.

Open for business: Malaysia is 12th on the list of the best countries to do business. If you are a hard working entrepreneur, it is very easy to do business, with a lot of grants, foreign help, easy funding and stability and the lack of natural disasters.

Try being starting your business in USA, China, Korea or Japan. The bureaucracy alone will deter you.

If you want to be a worker bee, many other countries are definitely better. But if you are willing to strive and with hard to change your lives, more billionaires are found from the rags to riches in Malaysia than in many other countries, where wealth is inherited, and precedents are set in such a way that you find it very hard to move up the chain.

https://www.usnews.com/news/best-countries/malaysia

Rather than just using unverified facts and just claims of this is bad that is bad, let's look at the world international rankings and figures for Malaysia.

For the highlights:

Adventure! Malaysia is the 29th best country in the world rated for adventure. With UNESCO diving sites, the world biggest cave and multitude of friendly people speaking different languages, it is a wonderful place to live and visit and get around. Not to mention one of the safest countries in the region where the risk of war and violent riots are very low.

We recently had a change of government which was done in an orderly manner, unlike the junta in many countries in the region and around the world.

My condolences on your loss. I think one thing that is wrong with a public forum is that if you have a buy call you get criticised, if you have a sell call you still get criticised. I remember the hate and criticism of sslee and icon8888 when I decided to first post my articles and my thoughts and how they blame and say I am an imaginary person with imaginary results.

In the when I posted my account picture I was blamed for comparing sausages and showing off.

I believe the biggest change was when I started a trackable portfolio of my buys and sells on i3.

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

This has the good fortune of making people like sslee and kcchongnz realize that I do exist, and that they could compare their long term performance with mine at any time.

Suffice to say, sslee and kcchongnz no longer question my comments and thoughts.

I do believe one should be able to freely express whatever thoughts they want and however they would like to share it. But due to the lack of forum managers and cleaners, horrible comments and cyber bullying still occurs.

I find that I have retreated to the comfort and anonymity of the telegram group where everyone is held accountable.

If there is a good moderator and everyone is responsible for their actions, I find that people actually become nicer and more helpful in sharing ideas and scuttlebutt. I find that the sharings last year in my telegram group has helped me make a lot of money in my DIY,novavax and palantir.

I hope you would not be discouraged to share your knowledge and findings, as in the end... Everyone just wants to make money.

Happy Chinese New year.

I don't think so. So far it is open.

Year 1. February 10 2021.
Race. 202 (from 154.3)
Stoneco. 89 ( from 22.94)

Collected 100k@6.85 average price shares of pchem this week.

More private placements to come.

Sold all my kpower warrants. Follow Karim lead.

What is target price? I prefer to look at revenue and earnings estimates.

Because the point here was never to show off your much money I have. The point had always been to site the long term returns of buy and hold, versus active trading. If you look at the transaction dates and amounts it comes to a few major investments methods.

Buy slow.
Buy big.
Buy long.
Buy little.

It's more effective to put a lot of money into stocks you understand then to put a lot of money into businesses that you have no idea about.

I am not a trader and will never be one. Look at the average length of my core holdings. In the past 2 years I have only traded 5 times, and those amounts are least than 1% of my total portfolio holdings.

Again another one. Last time icon8888 ask this question I posted my portfolio from Maybank online. Now I don't really need to explain anything to you. Look at the investment and dates of returns. There is a transaction breakdown.

This is REAL money.

And no it is not real money.

You can track every transaction ever made since I started keeping record over the past 2 years. W years ago only around 20+ million. Topglove has been good to me.

So far this has been another one of those, pump and dump with a conscience stocks, as after I sold feihe for palantir, it is one of those where growth is assured, but since we have limited time and limited resources, we can only choose the stocks that will perform the best in life.

Yes I proudly admit to losing the bet between ql and insas. Do let me know how I can make it up to you. I will treat you bak kut teh as soon as I can go to klang

I think there are many things that I don't understand as well. In any case for stocks you should just invest in things that you do understand as it will give you far better possibility of making a profit.

I am not allowed to do posts with my telegram group details or even share it in this forum. But if you look at my portfolio page it may be helpful to you.

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

In 3 - 4 months you will be very very surprised, pchem will announce new 15 billion acquisition of a specialty chemicals company, gkent will declare payment received for lrt3 and moh hospitals handover, serbadk will be using it's cash to grow the business. Those should buttress the rest of the slow performing stocks.

What have you bought lately?

>>>>>>>>>>

Jack Khan I think this portfolio value may become -50% in coming 3-4 month!
24/01/2021 9:43 AM

Sold 1m shares of scib since last week @2.1 average

Yes sslee, my returns on foreign portfolio currently with STNE, uniqlo, palantir, China mobile and Wilmar had increased tremendously thanks to God scuttlebutt sharing by staff and executives working there and sharing their thoughts on my telegram group. So far so good.

Hi wck567 I have shared a bit on insights on the telegram channel which you can search, and also on the few articles and discussions in the forum thread.

Sold kpower this week average price 2.6@1m shares.

If you look at it from a scuttlebutt point of view, and from the June agm, everyone should thank sslee. His writing has been noted, recorded and lit a fire under gkent ass. All duly noted and recorded.

Latest project win is 40m for Sabah Sarawak, pahang, kelantan, kedah and perlis. Yes 600,000 meters over 2 years is a tiny amount, but the applications and future it presents shows that the pilot project works
And once deployed will be an exciting day moving forward.

As for the sukuk usage, I believe only 300m from gkent will be for paying subcon(300m more from mrcb) which will be more than enough. Getting A+ rating means the rates will be reasonably low.

More importantly is gkent expansion overseas with 15 new territories grabbed by Honeywell, including south korean, taiwan, and Thailand. They are spending money to do mergers and acquisitions in Europe and Asia to grow this market moving forward. This is a good market to be in especially if you already have the factory and technology involved. 200 million is expected to be used for this side of the expansion.

Doing government work is difficult especially if you want to do things the proper way.

But I think gkent is going about it the right way, and the value of the company moving forward.

As for share buybacks, if total up all the share buybacks from 2019 until today versus the share price at this moment, I think you can say that gkent has been saving us a lot of money, unlike topglove share buyback.

Why did I sell all my topglove in May and never looked back? Probably because after that I bought myself some kpower and scib. The secret remains the same, sell when people are buying. Buying when people are selling.

I woke up this morning and realized I had 2 million kpower shares.

wow, nice esos...

are you holding gloves ben and what price did you enter sir?

I know SKP and have visited the factory before. I have no idea about ATA, other than ATA jobs come due to relationship with james dysons son..

What will be the dropoff after 2 years?

As you will quickly notice, the share price will drop far far faster than the asp price coming down. If you are looking at asp price as your indicator then you will be shortly disappointed in your stock investment.

Your indicators should have been
1) new glove production lines coming into market.
2) efficacy and distribution of vaccine.

>>>>>>>

Do you have to wear GLOVES to give a vaccine shot?

I am holding my GLOVES. I will only sell when ASP come down but not stock price come down.

How would you know that is the case Lee? If you have a crystal ball then it is wonderful. For me trading and long term investing requires different mindset. The steel industry in the long term is not a good industry to be in due to cyclical pricing and the fact that Malaysia does not have raw materials. In the short term... Anything can happen.

If you check from my telegram discussion, even as a trader I am very conservative on goreng stocks. My limit for risks are very low. While Ryan, qqq333 and others are still holding on to their masteel, melewar and lionind shares, for me anything above 15% returns is having a high risk/reward ratio. I never want to be too early or late on a party, for trading I work on a strict trading plan.

In any case, the method of valuation is to look at the slab prices from manufacturers. The moment it goes down time to leave the party. As it is, the price of rebar and flat is still increasing heavily week to week. That's why steel stocks will continue to do well moving forward.

What does getting sub contractors to take a hair cut have to do with gkent margin becoming laser thin?

As reiterated before, as a PDP their expected returns taking low risk was at 6%. This comes out to 1.8 billion in earnings based on the previous contract in 2018 when lrt3 was inflated to 31.65 billion.

Obviously today no more such story to sing, which has caused gkent share price to drop from rm4 to below rm1.

At the latest contract value the expectation for the new contract will be done at 11.86 billion. Based on this and due to fixed price contract, the progress payment and completion we will be looking at from 5-10%, which is from 550 to 1.1 billion in earnings ( depending on core factors). Of course there will be headwinds due to any delay of payment from the side of prasarana and nominated sub contractors.

As of June 30, prasarana chairman had announced completion progress of 33%, and gkent targeted 40% completion by end year, which looking at covid is no longer viable.

Here are important facts though. Lrt3 project at 1/3 completion is not going to be cancelled. There are many many hungry mouths to feed especially on both sides supporters of political partners. Very hard to rock this boat, as Prasarana’s president and group CEO Muhammad Nizam Alias going on “temporary leave”.

In any case, decision to invest is yours. For I will sell only if the progress of the lrt3 line becomes stagnant for far longer than announced, and I have relatives who passed by every day who can verify for me the construction progress. I am also closely following up on the qr progress of the project. Sell only when the core changes happen, not based on rumors.

We shall see.


>>>>>>>>

Sslee Yes kudos to Gkent for doing a national services in forcing sub- contractor to take a hair-cut.
In doing so most likely Gkent margin will also be lazer thin.
25/12/2020 1:04 PM

Shquah,
The best time to buy pbb was when it was at 13,14 when no one wanted it. Now that the share price has gone up, the risk reward ratio has also gone up. In any case, I am not any sifui do not tell anyone to buy or sell or produce any course material for individuals to pay Money for signals.

As for gkent, the trick is not to be worried here and there and just to practise sit on your ass and do nothing investing.

My advice to you, the risk reward ratio for gkent has always been high. From my portfolio, it is a below 5% exposure of my portfolio. However, I have learned to ignore noise for gkent and have built a position in gkent over time at cheap prices to average down when it was seeking below net asset value.

No one has a crystal ball or can predict what will happen. But here are still the facts.
Gkent has not lost any money yet despite cmco and covid closures.
They still have long contracts producing water meters which are very profitable margins and consistent earnings.
Until further notice, they still have a 11 billion lrt3 project. It has not been stopped or any new official announcement of cancellation.
They still have a huge cash position. Hard to go bankrupt on this.
Until further notice, lrt3 completion period is still due at 30 February 2024, plus whatever eot given for cmco.

So, in lieu of this, all I can say is this. Has the actions of gkent thus far given anyone any doubt as to the performance of their management in their actions or transparency? Are their directors using company money to buy luxury cars high salary etc? Is it being managed well?

I think this is something that we can control and have ample information on. We cannot control or believe in rumours, and we should just just work with verifiable information.

In any case, I hope your investments do well sir. But one thing funny, if you felt comfortable enough to buy gkent at 1.35, when they had a huge possibility of losing the lrt3 contract, shouldn't you have been more comfortable buying it at 50-60 cents when it was selling at cash and it already signed Novation contract for lrt3?

Why do we seem confident to buy stocks when it is selling at high price, and become scared to buy when it is selling at cheap prices?
>>>>>>>

Posted by SHQuah > Dec 25, 2020 8:22 PM | Report Abuse

Sslee & Philip..... should I buy Public bank ? Bonus 4 for 1.

Closed trade on choobee. Last trade for the year. Hopefully next year will be a good year as well.

You and your family as well Lee.

The entire discussion was in my telegram group. If you scroll up you would have seen how interesting it was. Prior to IPO when I brought it up everyone was saying it was overvalued, fraud, taking advantage of investors etc. Choivo said it was overvalued, Pelham said it was overvalued. TTB said it was overvalued, IB analyst reports said it was overvalued.

What no one failed to realized was 1.5x institutions wanted to buy it versus 0.77x retailers. Why?

As to why I sold, everyone in the discussion group also started to change their mind on the prospects of DIY and pushed it up higher and higher, as usual. When I explained my reasons for selling, and that it will still be a pump and dump with a conscience.

Today DIY is rm3. Where is i3lurker now?

>>>>>>>>>>
Sslee And mind telling us what had change causing you to sell MrDIY?
21/12/2020 7:46 AM

The one that promotes 50 stocks and doesn't show his position size and portfolio holdings versus the one that holds 5 stocks and shows his portfolio holdings, which do you trust more?

Calvin tan eng yee, do you really think people don't know your modus operandi?