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2021-01-07 14:16 | Report Abuse
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..
2021-01-01 10:23 | Report Abuse
What will be the dropoff after 2 years?
2020-12-31 06:09 | Report Abuse
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.
2020-12-30 19:17 | Report Abuse
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.
2020-12-30 17:54 | Report Abuse
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.
2020-12-30 05:26 | Report Abuse
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
2020-12-30 04:57 | Report Abuse
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.
2020-12-24 09:53 | Report Abuse
Closed trade on choobee. Last trade for the year. Hopefully next year will be a good year as well.
2020-12-23 20:35 | Report Abuse
You and your family as well Lee.
2020-12-22 07:59 | Report Abuse
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
2020-12-22 07:54 | Report Abuse
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?
2020-12-22 07:49 | Report Abuse
I bought palantir at at 14.6, mrdiy was sold as I found something far better with long growth prospects.
2020-12-21 09:04 | Report Abuse
bought a small position in choobee around 30K shares @1.42. The prices of steel had been going up exponentially in Malaysia, with sabah choobee increasing prices 3 times in the last few weeks alone. looking as the covid is going to make supply constrained lagging to increasing demand, I think the next few quarters are going to bring in a lot of good results to steel supply companies.
2020-12-16 16:14 | Report Abuse
https://themalaysianreserve.com/2020/12/16/lrt3-to-face-delay-over-subcontract-work-award-interference/
And now the truth is revealed. Grab season now, but mrcb-gkent is not to be trifled with. Delay payment to push to own company, they went straight to ministry to complain.
Now prasarana officer on leave and fired.
2020-12-16 11:22 | Report Abuse
So many rumors here and there. Any facts that prasarana already terminated mrcb-gk contract? More importantly I found it very funny that mrcb is agreeable with gk being terminated because that was not how the contract was written. The official contract was done under mrcb gkent as a group. So if one is terminated both is terminated. Would mrcb be agreeable to that?
>>>>>>>>>
Posted by RainT > Dec 16, 2020 11:08 AM | Report Abuse
so the LRT3 huha huha is no more?
now switch to water meter ?
before this all hu ha hu ha say LRT3 will bring GKENT huge profit potential
2020-12-16 04:54 | Report Abuse
Let's put it into perspective,
at 6.41, the market cap is 52.45 billion.
At 45, this will mean we are looking at a company worth a whopping 350 billion ringgit.
Look at it this way, the entire BURSA Malaysia market cap is 1.6 trillion,
Meaning tg will become the single biggest component of the entire BURSA with a 21% weight age of the entire Malaysian stock market.
Firstly, how long have you been Investing, 6 months?
Do you know how much bullish money is required to push up the stocks to these crazy levels? If you look at the index, if the goes up, other stocks like supermax, harta and comfort kossan will also go up in tandem. If using your same analogy, companies like AT, mahsing,esceram, and all the new companies going into gloves will also receive a boost.
Are you really saying that the glove industry can be worth 50% of market valuation in bursa Malaysia?
That TG is worth more than ALL the banks in Malaysia COMBINED?
That hartalega can buy ALL the telco companies in Malaysia?
Come on. Let's talk rationality. Even if you decide that covid will last for the next 5 years, and get 14 billion every year until 2026,
That would only put a 2 billion asset company like TG into the 70 billion net asset, after which in 2026 covid no more and sales of gloves will crash as EVERYONE will be going into gloves.
Why not if you are estimating 60% NET PROFITS continuously.
Why invest in Google, apple, Amazon, banks etc if TG is such a moneymaker?
>>>>>>>>
In a bull market at 25x PE, the price could reach RM45!
2020-12-15 21:55 | Report Abuse
If you look at your posts, every 3 months you post the same thing.
And your comments are not rational.
First you post unverified rumors that prasarana is unhappy with the gkent work on lrt3 management and they will be changed.
Then you post that if no new construction jobs win, next year construction will be zero.
So here is the thing. Why don't you just look at it from a business point of view in that gkent as a company needs to concentrate on successfully completing and hand over lrt3 project successfully before taking on new jobs?
Why not complete the big giant job that they already have, instead of jumping here and there trying to secure projects?
>>>>>>>>>
Sslee Share of result of JV: RM 182,000. 9 months: RM 686,000
When will JV contribute the expected profit?
And by the way next year construction will be zero if no new construction jobs win.
15/12/2020 6:58 PM
2020-12-15 17:57 | Report Abuse
3 quarters increasing results. back to running step.
2020-12-15 17:32 | Report Abuse
Its not that difficult, we can just visit the worker quarters to verify. if we are allowed to visit, can easily confirm the living conditions of the workers.
2020-12-15 17:12 | Report Abuse
sold DKSH, 40K shares at 3.52 14/12/2020
2020-12-15 12:15 | Report Abuse
You can see my online portfolio it has never changed
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Posted by SHQuah > Dec 14, 2020 12:53 PM | Report Abuse
Philips..... what about you ? Are you still holding ?
2020-12-15 12:15 | Report Abuse
You can see my online portfolio it has never changed
>>>>>>>>
Posted by SHQuah > Dec 14, 2020 12:53 PM | Report Abuse
Philips..... what about you ? Are you still holding ?
2020-12-15 11:25 | Report Abuse
Rumors sslee. You have started going around sending unverified claims?
2020-12-15 11:22 | Report Abuse
t(dot)me/joinchat/RWf5g00eGr-PGRVonPUYXg
This forum has been around for a while now, with hundreds of subscribers and thousands of readers.
Kamu siapa leno?
>>>>>>>>
So, leno CHALLENGE" u to open one new forum (like calvinTan, philip, etc) ... and see u dare or not. In your room, u can argue with anyone, with any counter.
2020-12-14 18:18 | Report Abuse
Sslee, can you name your source for this info? Or any proven letter saying prasarana is planning to kick out gk-mrcb from this project again?
2020-12-08 19:12 | Report Abuse
Sslee, not really sure if you understand QL at all. But your methods of simply posting random facts up shows you don't understand how the boilermech offer works.
2020-12-04 08:25 | Report Abuse
Well, I started posting about it on my telegram group in November, some good insights from some of the software engineers in the group. I am just reposting some of the posts there.
You can discuss more with them there.
2020-12-02 19:29 | Report Abuse
You never saw EPF buy insas shares either.
2020-11-30 19:17 | Report Abuse
I think if anything DK is bring TOO conservative. According to the latest projections by ALP, the power plant is projected to have a revenue of 720 million a year at 30% ownership. According to him, 1200mw plant can generate 600-700 million usd a year.
So no need to begrudge him, dk is doing a good job in getting figures on paper.
It is only a few more months away, let us just wait and see if the results garnered by dk projections is going to be worth waiting 3 year for it.
You yourself had already bought it before as well.
>>>>>>>>>>
Sslee @DK
The rosy picture of 30% = RM981m x 30% = RM294m.
What if the actual is much lower are you going to take responsibility?
30/11/2020 7:18 AM
2020-11-30 07:36 | Report Abuse
Berkshire is even worse leh... They have never paid any dividends before.
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stockraider Again u tell that to warren buffet berkshire hathway loh...!!
Berkshire also samething like insas nta increase due to share investment mah....!!
Thats why raider says insas is msian berkshire hathway, which again proven true loh!.
AUDITOR DID NOT SAY BUT RAIDER SAYS LOH...!!
"INSAS WITH RM 2.75 NTA & WITH INARI IT IS REVISE TO RM 4.50 COMPARE TO SHARE PRICE RM 0.865 ....Its SHARE PRICE DEFINITELY MUCH BETTER THAN QL AT RM 6.14 HALF DEAD NTA OF RM 1.34, AND worse QL ONLY CAN AFFORD TO PAY SYMBOLIC MISERABLE DIV OF LESS THAN 1% LOH"...!!
29/11/2020 1:16 PM
2020-11-30 07:35 | Report Abuse
Haha are you seriously trying to compare a 14 billion ringgit company with a 2 billion ringgit company?
If that is the case why don't compare Insas with inari?
The difference is clear, one sells stocks for a living and the other is a real company that sells products that everybody wants.
>>>>>>>>
/11/2020 9:59 AM
Sslee Dear Maxpowar,
Just a simply question. If you will to buy out a company which will you choose:
QL or ALLIANZ MALAYSIA BHD?
Market Cap: 2,420 Million
NOSH: 177 Million
https://klse.i3investor.com/servlets/stk/fin/1163.jsp?type=last10fy
29/11/2020 10:00 AM
2020-11-29 19:05 | Report Abuse
Owners earnings work best if you actually own the company.
However, the more important question that a minority shareholder needs to ask is this, how much more right issue will be incoming to dilute the earnings per share?
In 2015 when they won the contract, shares outstanding was 400 million. Today it is 650 million, in 2021 how much outstanding shares will be capable.
On the veracity of earnings, we are hearing multiple promises. Previously, management guided to revenue earnings in the ballpark of 240 million a year.
Today the guidance is 720 million a year.
https://focusmalaysia.my/mainstream/upcoming-vietnam-power-plant-could-bring-in-over-rm720-mil-per-year-says-jaks-ceo/
With Andy ang now saying that the power plants can generate revenue of 600-700 million usd every year, who should we believe?
1. The entire list of articles and projects given by dk66 that says he has reliable calculations of earnings?
2. The upgraded projects by Andy ang in an effort to get a higher price for the rights issue?
3. The comparable returns of other power plants in the region?
The simple fact is this. The is no profit GUARANTEE given by CEO, because there is guarantee that he will act on the behalf of the minority shareholders.
So simply put: do you trust the man to do the right thing?
If so, then by all means jaks is an undervalued gem.
But here is the thing, in the past 6 months ever since covid started, if you were to buy stocks at this time, ANY stocks at all, you would have a good chance of making money.
So isn't it better to pick the stocks with the lowest risk with highest gain? There are many stocks out there other than jaks. Sure you could make money in jaks, but would the returns really compound?
2020-11-26 19:28 | Report Abuse
While you talk nonsense here and there, sslee had been tracking my portfolio for a long time as well, questioning my investment in kpower and scib.
Guess what, kpower today rm5, scib, rm4.8.
Insas pergi mana?
2020-11-26 19:27 | Report Abuse
Kids who boasts like this are those that never get anywhere. Tell big stories sounds far more nonsense than those that keep a diligent record of every entry, buy and sell and results for years... Who is the dreamer here? You think you are jho low? Good luck kids.
>>>>>>>>
leno dreaming ? i am not dreaming .... i've been living my dream in my life for the past 10 years ... enjoying, travelling, running marathon, climbing mt kinabalu, yatching, watching whales at middle of ocean, helicopter up the mt. cook, err ... how about u ? still working aaa ?
26/11/2020 4:11 PM
2020-11-26 19:20 | Report Abuse
This is why I know you are neither a doctor, millionaire or having any money at all in insas.
If you actually own shares in insas you would know how silly you question is.
Put FD forever? That is why kids like you never go anyway and think they are so smart. This mindset is why you will NEVER BE RICH.
Let me give you a simple example. Firstly, my shares are giving me 3% to 8% dividends per year, based on my cost basis. How much do you get for your FD? 1%? 2? How to get rich?
Your attitude almost ensure poverty for you.
Secondly, what fak you smoking? Who tell you I have cash? My investments are in shares which appreciate over time. I spent money and hold those shares for a long time and watch it grow and grow and grow. Kids like you will never understand.
And the REASON why I have 54 million is not because it is cash, it is because I bought topglove and glove stocks early.
if you didn't hold glove stocks, then what the fak are you doing complaining? It went up 6x since March. Of course I held it in my portfolio tracking 2019 at rm4, and sold far too early at 10.50. but you hold Insas for what? Make money or lose money?
Living dream watch whales?. Dream on kid. Your comments, the way you think and act and talk already shows how rich you are
>>>>>>>>>
very simple example ...
.....if YOU or anyone here who have RM 54 millions cash ... will u buy any shares or will u put in FD and enjoy your life forever ?
2020-11-26 09:35 | Report Abuse
Can you ask management how much sunk costs for sengenics and how much selling price? I am interested to know. Thanks.
And also, UM now status back to top 10 universities in Asia. So every dog has its day. Insas will also have a good quarter here and there, but why sell good assets with all time good results? I'm confused.
>>>>>>>>
I can bet with Philip the sales of Sengenics will bring good profit in Q2 financial result.
26/11/2020 9:28 AM
2020-11-26 09:33 | Report Abuse
Monopoly your head. It's a 2 year old tracked portfolio already with every transaction listed down and bought and sold. Cannot delete one la doctor Leno.
As for making money, you can ask sslee how much money he made from lctitan and star media, and pphb ( maybe).
What did you contribute to the forum other than caaaanteek remarks?
>>>>>>>>
leno yup ... dun forget to use monopoly money to buy okay ..... kakakakakaka ... jokers.
25/11/2020 7:27 PM
2020-11-25 16:11 | Report Abuse
The question to ask is here: Insas sold around 80 million of inari in the latest quarter.. however inari has just posted incredible results, why do you cut off your right hand? do you leave your faithful hardworking wife to give gifts to your mistress just because she is young and beautiful?
sigh. ALL TIME HIGH results.... and you SELL? What are they buying instead? They sell stock, and they raise money from investors... WHY?
The correct question to ask is this: Sell INARI and buy WHAT? What is making money for them?
sengenics? oops loss money and sold. tribecar? nope lost money. Shares? Definitely losing a lot so need to cover some holes here and there.
Same story, new skin. Only those who are new to investing will think it is all fun and games and good to invest in.
Those who invested in INSAS for the last 3+ years? You ask them if they are making money or losing money.
>>>>>>>>>>>>>>
INARI
Quarter Revenue PBT NP
24-Nov-2020 30-Sep-2020 347,621 77,414 70,065
2020-11-25 16:00 | Report Abuse
How is it a good report?
>>>>>>>>>
Diamond7 Haizzx
Good report oso can't up much!!!
25/11/2020 1:42 PM
2020-11-21 21:16 | Report Abuse
Sslee, are you still holding on to tunepro?
2020-11-21 20:51 | Report Abuse
No idea why, but I suspect the index funds for construction are buying, as the entire industry is having an uptick in sentiment. Plus some profits to be expected.
>>>>>>>>
SHQuah Philips and Sslee...... yesterday high trading volume and price going up. Any reason why ?
21/11/2020 11:13 AM
2020-11-20 07:20 | Report Abuse
Wonderful use of the word fusillade, I think you are the first in the history of i3 bloggers to use such a word. Commendable.
However in investment, we need to use facts and figures, and we need to look at the downside risk before looking at the upside.
What are facts.
During a normal year, and with normal competition levels, supermax makes 100 million a year. This is the benchmark.
During the onset of covid-19, due to emergency use the earnings went up to 400 million. This is the treading water mark.
During the peak period of emergency, earnings in latest quarter went to to 800 million. This is peak emergency water mark.
So using this as our risk profile, it will definitely not be going down in the short term, but will continue up.
But what are long term GUARANTEES?
1. Spot prices and demand still not last forever. All the competitors are ramping up supply. New production from new manufacturers are coming in (at, mahsing). How long will they take to get their production up? 6 months? 1 year? 2 years? How about China production, and local Brazil competitors? In the long run we will have oversupply. Guaranteed.
2. You are using 1 quarter to project how many years of earnings? Right now the asking price for supermax is 21 billion. If you are buying at this price you are accepting the possibility of earnings to exceed this valuation. So: what is already priced in at this price point? Lets say you use your 4.1 billion earnings. That would be 5 years of covid-19 with no new competitors and no production increase by the existing competitors. If you are projecting 5 years of this covid hell, I think the country itself may fall. So, what is your margin of safety? If you assume 2 more years of all time elevation before normalization:
2 billion (existing net worth) + 4.1(2021) + 4.1(2022), your base valuation would be 10 billion. Margin of safety would then day normalization demand to be 3x of normal year or 300 million earnings per year moving forward post (2023). With this safer valuation, you would be looking to pay at least 11b or rm4 per share of supermax for it to hit minimum risk profiles. Reduce your risk, increase your gains.
With the expectations of multiple vaccines from multiple countries coming out, China already starting wide spread vaccine testing in Brazil, we can look towards 2021 for the last year of supernormal profits before normalization, meaning the minimum risk threshold for supermax becomes rm3.
So you can invest at 7,8 or even 9. But you need to know the size of the bubble, and your minimum risk levels to take.
But judging the future earnings without doing comparative growth analysis of all their comptia l competitors is irrational.
2020-11-17 11:16 | Report Abuse
Bought a small position in DKSH, 40k shares at 3.25 average since 16/11/2020
2020-11-12 22:10 | Report Abuse
Sold pchem 6.8 average past week, 550k shares.
2020-11-10 19:50 | Report Abuse
No, it is because Modena, astrcenza and the others are also using spike RNA trials and also ongoing. Pfizer wants to be earlier by a free days or a week and announce to get the confidence up.
2020-11-10 19:39 | Report Abuse
Get your facts right. It was a double blind placebo controlled clinical trial where no one was given covid.
The trial started in June for 44k volunteers, 50% received vaccine (22k) and 50% placebo (22k).
The test were done in over 6 countries.
Out of these 44k, over the period of volunteer test group ( which is increasing), none of them who took the vaccine shows side effects. Out of 22k, zero issues.
And during the control period, 92 people got covid. 10% who took the vaccine, the balance 90% from those on placebo.
That is as solid a clinical trial as you are ever going to get.
>>>>>>>>>>
Posted by SunTzu1668 > Nov 10, 2020 7:33 PM | Report Abuse
Pfizer results only represent 94 volunteers over 43538 volunteers receiving the vaccine
2020-11-10 15:34 | Report Abuse
Harta limit down.
2020-11-10 14:11 | Report Abuse
Yes you can see how I trade and what I hold for long term.
But have you noticed? All of my trades still go up even after I sell them.
Pphb from 49 to 66.
Star from 25 to 32
Lctitan 1.79 to 2.3.
Tagb 225 to 260.
Mrdiy 1.6 to 2.2
These are my trades in the past 2 years. All documented and tracked and posted.
As for the stocks I hold long term, you know I know la.
I don't trade much. But those I trade, it's based on a proper setup range.
But anything to learn from i3lurker? Talk so much,
Sour grapes?
>>>>>>>>
Sslee Yes Philip is very decisive feller, no nonsense, quick quick as he sold his 2 million Topglov holding for 10 years too early.
10/11/2020 1:47 PM
2021-01-07 14:20 | Report Abuse
are you holding gloves ben and what price did you enter sir?