Added 270k shares of uoadev on 1st oct at 1.57 due to the good news of selling the uoadev tower for 700 million to the REITs. Renting it back at 7.2m per annum is a fair deal, and gives a lot of bullets for well timed acquisition during this trying times. Very happy with the management.

Fool me once shame on me. Fool me twice, shame on you. Jaks is really not acting in a manner that should befit a listed company.

I think I have done all I can to convince you on the value of investing in insas. In fact, the results already shows. I also have done my civic duty in telling you to avoid these kind of waste of money.

How many more years do you have to earn money? Do you really want to waste money for the sake of ego? Or do you think it is time to properly value companies not on the basis of accounts and annual reports, but on the basis of qualitative performance? It's been almost 2 years since my first post, you can compare the performance of my first 4 stocks since 2019

Public Bank 24.6
Ql 6.7
Topglove 5.6
Yinson 4.18

Versus

https://klse.i3investor.com/servlets/pfs/137236.jsp


When you are ready to learn how to make money and drop your ego, you are welcome any time. No ego, no insults, no making fun. Just simple and proper discussion.

Good luck in your investments.

Sold lctitan 28/29 from 2.11 to 2.09, average 2.10

Wow sarifah selinder is back since may...

The valuation of insas? Yes paper value is 1.7 billion. So what?

But... It has as much utility to you as shareholders of insas as a giant block of gold hidden in the ground. Yes you know it's there, but will you be able to dig it up from the ground? No?

The only utility for you as a shareholder of insas is hoping that the management of insas is able to dig out this block of gold from the ground and hopefully... Just hopefully... Give you a little bit of it.

Sorry I think this post was a waste of time. While you want to keep
talking about valuation, how about the valuation of xinquan of 1 billion? What use is knowing that 1 billion is there if the management is doing actions that are not to the benefit of shareholders?

Meanwhile... A company that is inline with shareholder values, creates VALUE and has ever increasing dividends and assets and business is now worth RM10. Imagine that. If you had bought 670k barely a year ago in January... You would rm1 million today.

Storytelling indeed.

Dear sslee, you are still very welcome to have a nice discussion without acidity on telegram as we now have a staff working for inari to scuttlebutt information from.

In any case let me give you an example of business sense.

Forget about share price and shares for a minute. Imagine if your late grandfather has a huge business of timber, Palm oil, logistics and semiconductor etc. He passes away and gifts shares in the company to ask his children and grandchildren, yourself included. However, in this case your uncle and his family gets the controlling share of the company. He gets to appoint his children as directors, gets a salary every month, and gets director fees every year. They get to do whatever they want with the company, buy new businesses, each director gets a bmw, declare dividends to shareholders etc.

Herein lies the problem, being an unlisted company, you can only sell the shares amongst you. No one outside will buy it or can value it properly, because company accounts are kept by your uncle and only for directors and managers discretion. Knowing that no one outside will buy it, you have 1 of 2 options: sell it back to your uncle for a low low price, or sell it to your relatives for a lower price.

However, your relatives are not interested to buy it from you, and in fact are willing to sell their shares to you instead, simply because they have heard that your uncle is not able to grow the business your grandfather started, and if in fact selling it's profitable business in semiconductors to fund their lifestyle.

They have also gone into many loss making businesses, your cousin wanted to start a clothing line so your uncle indulged her. Her brother wanted to start a new car rental line, that was also indulged. Then your uncle's brother thought that biotech was the new future, sold more shares and raised cash for that business ( no earnings to date).

All this while, you are thinking, why are they not giving money to the other family members or declaring got earnings from buying core businesses that your grandfather started in semiconductors. And you are thinking, why don't they just buy everyone out fairly with the money in the company.

You see... Your uncle already owns the company. Why does he need to buy your shares?

Hi davidtslim, mind to share your portfolio so we can study your comfortable picks? So far your sharing on Supermax is after the event happened, your sharing on hengyuan and petronm has already crashed ( I don't see any sell call from you, only buy calls), and your dayang picks also similar endings.

Hope to you learn more from you, do share some of your long term results.

Bought lctitan 200k shares on 22-23 after reading some reports from Jon around 1.79

it is interesting how just a few months on, the discussion is no longer about the profits and viability of the company, but about the reliability and honesty of operating management.

If only in every annual report there is a big number below assets on the auditor rated performan ce quality of management.

Unfortunately, when the auditor is the one being paid by management, there are many things better left unsaid.

This is why until today you drive myvi.... While I put my money to work in topglove and QL,

>>>>>>>>

Posted by stockraider > Sep 20, 2020 1:41 PM | Report Abuse

We are at the final lap....if u still want to stay & believe in the prospect & potential of netx u must subscribe for the Rights Issue loh.....!!

This is avoid your position being diluted by the rights issue loh..!!

If u do not believe in NETX u better sell loh...!!

Raider says u should not only subscribe for the Rights Issue but u should take opportunity to apply for the excess rights share too mah...!!

Wow!!!! Must buy stock!!!

Sslee is this you as well. Good luck on your social activism!


>>>>>>>>

https://www.onlinecitizenasia.com/2020/09/17/shareholder-raises-concerns-about-sias-15-years-of-fuel-hedging-losses-to-prime-minister-lee-as-no-one-takes-accountability/

If everyone knows you are going to sell inari shares to pay off the bank, who do you think will be crazy enough to buy inari shares at pe 44? There will be a stampede of settlers to get away from the market makers, what do you think your final selling price will be?

The same cannot be said of companies like Jaks and insas, every year the share price drops, rcps and right issue comes out and other people prosper.... Sigh.

>>>>>>>>

SHQuah Every year I am using my Gkent dividend money to buy more Gkent. There's why I am having more and more Gkent share as I never sell any.
17/09/2020 3:12 PM

Sslee is always unhappy. When gkent does share buybacks, he complains and says he wants dividends. When he gets dividends he complains and says he wants to see earnings and revenues. I still recall when I first started posting my thoughts he says I am imaginary and fake investor and all sorts of words coming out. Today we know who is the real investor and the fake investor and how overpriced QL performed versus insas and friends.

I invest in people I know, things I know and businesses I understand. I will leave it at that.

Sadly I think you already couldn't justify not buying gkent at 40+, pchem at 4.20+, topglove at 5+ and still holding cash waiting for another crash. So it's better to just let earnings results show you the share price performance, and not waste time showing you data shared by gkent staff in my telegram group. You would still require more and more information anyway that will not be revealed. Good luck on your investments.

Quality of management is a key criteria in the success of my investments. If you have poor management, it doesn't matter how much money you make, they will find a way to piss it away sooner or later.

I think sslee wants to see results before he invests in anything, which is a good thing for those who choose to invest in good companies that does constant share buybacks, pays consistent dividends, has never lost money before, has huge asset base and a order that is many multiples of the company market cap ( and also has 200 million in cash).

I on the other hand, hate to put money with companies that have a lot of cash but still does multiple rights issues, raises money but losing money on qr, and doesn't have much in clarity of revenues, earnings and order books ( but borrows a lot of money and gives free warrants).

It's a sad world today that individuals decide to put their money on loss making companies while dismissing companies that don't lose money even during mco epidemic. In any case, I have been building my positions, and the results of my stock performance over time currently is clear to see.

Let time show who is right and who is wrong. I lose nothing by waiting. Would anyone sign a loss making contract especially if they could have forced LGE to keep to the awarded contract details or pay the huge penalty?

On another note,
Philip was the one who invested in topglove, pchem ,ql yinson and added positions in March.
Sslee was the one who invested in jaks, Insas, bjland and writing commendable letters to bursa to report the directors of his investments.

I wonder... Who would know gkent better?

Gkent doesn't need to replenish unnecessary things until they can settle lrt3 which is already a very big project to swallow.

I would prefer a smooth and successful completion and handover of projects so they are in a good position than to go into debt and keep getting projects which cannot collect payment.

In any case good fundamentals and good management will always have a future.
Gkent doesn't need to "urgently" do anything. Just keep doing what they are doing now and projects will come as many construction companies will be having cash flow problems and completion issues.

This construction order book is the least of my worries. When you have a mountain to swallow, it is silly to look for other mountains.

Please tell me how many 360 million ringgit companies in bursa can get 11 billion project?

It is even more illogical for you to expect a JV company to start giving dividends and earnings to mother companies instead of using it to quickly complete the project as timely as possible

Very simple question sslee, during mco and bad times, has gkent or mrcb done any rights issue or cash sales to raise money to pay for JV expenses to complete the project? Why not?

How come jaks constantly raising money to complete their power plant?
How come Insas with cash still raise money to do... Whatever it is they want to do?

How come gkent paying dividend and share buybacks instead of borrowing money to complete lrt3 project? 50% completion progress claim... Where is the money coming from to reach milestone?

That is why understanding business is hard. You look at company with a lot of cash but still raising money from public to be a good company. I don't.

You look at a company that uses it's full revenue to complete project and declares taxes later as bad. I don't agree.

Gkent is not a trading company. It is a construction company. If you study construction companies or ask your contractor friends on how they declare their revenue and profits you will realize that profit recognition is usually on the tail end of a project.

Don't believe me? Please do your research and ask around instead of guesstimating.

Also I am not saying that they have to wait until 2024 to get full progress claim, I am saying I am willing to wait until 2024 to see the full return of my 5 year investment.
>>>>>>>
It is not logical for MRCB George Kent to wait full progress claim in 2024 to report in the full profit and incur big Tax as tax is paid base on financial year end.

Sorry shquah, recently I have been spending more time on telegram, more research and reports shared there by glove workers, gkent workers, serba internal staff etc. Much easier to share information and reports.

You already know the answer to that. If you want full progress claim, 2024 final handover. I am waiting and not selling my shares until then. Do you think I work in there?

While waiting, I get to collect dividends, share buybacks and good profits from metering and hospital projects.

When will final progress claim hand over? Who knows? But will we get increased profits after covid? Definitely. Again, the jv of mrcb/gkent will show you a big amount of progress in revenue and claims to buy materials and pay subcontractors.

Sslee, tell me which construction project do you lock in profits first?

>>>>>>>>

Sslee Dear all,
Engineering
Revenue of RM 38.39 million for the current quarter ended 31July 2020. Segment profit of RM 9.49 million (Share of results of JV MRCB George Kent: RM 170,000)
Revenue of RM 59.93 million for the 6 month period ended 31 July 2020. Segment profit of RM11.2 million (Share of result of JV MRCB George Kent: RM 504,000)

Metering
Revenue of RM 31.77million for the current quarter ended 31July 2020. Segment profit of RM 6.91million
Revenue of RM 49.54 million for the 6 month period ended 31July 2020.Segment profit of RM 8.90million

Note: AGM answer; for both hospitals, the balance revenue as at 31 January 2020 is approximately RM260 million. The JV MRCB George Kent only brought in share of profit RM 170,000 for current quarter and cumulative RM 504,000 for 6 month period ended 31 July 2020. Should this be a concern? Hope Philip has answer to when JV MRCB George Kent can contribute significant profit?
15/09/2020 7:36 AM

Good job sslee. A good attitude to have, hopefully bursa can be a more useful market to provide better listed companies to invest in.

What content?

1. Supermax will have superb results there is no doubt about it. However... does the results match the euphoria and forward looking investments dollars to put into it moving forward? Can supermax next quarter reach 800 million? next quarter after that 1600 million? how about next quarter after that? Yes, one may not know the future, but paying the price today assuming that every year will be covid-19 year is not rational.

2. study or not, one thing is for sure: either you believe there will be a vaccine, or you believe that there will not be a cure. The probabilities of a vaccine coming out is far more likely than not, considering the entire world is rushing to produce a vaccine. The question to ask is simple: if no covid, how much will be the glove demand moving forward? If covid continues to exist... well.. different story.

3. Yes, other diseases will come, but that is not the question to ask. The question to ask is moving forward, by 2021 and on, how much more glove capacity will exist in the world? As supply will undoubtedly overload demand, how much will the price change versus supply? It is silly to assume that no one else has the capacity to produce gloves, and moving forward at such great margins, no one else will want to join in the game.

You are welcome to join my telegram discussion group to meet said uncle and apologize to him in advance. And anyone who knows me knows it's silly to follow.. tips. I used to do that back in the 90s and lost my pants. These days I prefer to research and monitor a stock for 1-2 years before I make a decision.

The fishing uncle did propose, but he sold the stock at 2.5 - 3. While, I am still holding on. We just happened to buy the same stock, except I have far larger position.

You keep apologizing in advance. Stop doing that. If you know it's going to be a troll remark, then just don't do it.

Hi sslee,

Let's try to answer your questions one by one.

1. Instead of asking karims share, instead we look to the purpose. In middle East just like in Malaysia, Indonesia and Brunei foreign companies cannot get jobs directly without a local partner share. As it is impossible to give 60% share of serbadk to a middle East partner to get the job, it is a necessary method to get projects going. Karims portion is just a necessary requirement to ensure that the project goes in and signed off by serbadk director. It would the exact same way if Facebook were to try to open business in Brunei.

2. The requirement is similar to design and build projects. In this case it is more similar to a development project. I put a budget out, pre-bid designs come out based on lump sum of what facilities I need, how many room etc, the costing is based on price per sqft and QS estimates. I must admit, this is very different to what I am used to, but I was told in middle East things are done differently. Execution risk abounds, but as the architecture design is also done by serbadk based on the price given, I think the reward is worth the risk.

3. It depends on your point of view. I have both. If you need cash, then dividends are important to you. For me, I care more about the structure of the business and it's prospects, because if it works I will benefit either way. If it doesn't, it doesn't really matter how much dividend you get if the share price goes to zero.

4. You can check serbadk on the products it now carries under its umbrella and distributor of. As for patent, I do not believe they have it, but it is not their core requirement, they just need to know how to operate and maintain. More importantly, as part of their exercise they also bought ownership a small part of the plant, making them owners of the earnings generated in the future. This is their asset sharing model, which is designed so they have a connection to the owners and allows them to get more o&m contract in the future.

Like I said, note the date and the the other IR engineer Saleh who is founder of liwa investments. Ask those big Abu Dhabi jobs come from him. This is what Karim said during analyst meeting:




The whole answer came like this:

It will be progress payment (never specify from who), which will be certified and accepted by the contract awarder. Who is the owner of Block 7 now? At the moment, the owner is one of the royal family in UAE. He is one of the mastermind behind the establishment of ADNOC and he is also a very active entrepreneur. We are also having a strong conversation with a few international financiers. HSBC has a very strong presence in UAE, Standard Chartered too and some local banks. Of course, the culture of UAE is in the sense that any project will be much stronger if the government of Abu Dhabi can come in and become a stakeholder in the project. Fortunately, we have got good news that the indication of such a situation to happen is highly possible. With that, we say it gives us a stronger assurance. To be honest, we feel the same as the analyst in the sense that the financing part stresses us a lot but this development gave us a more peaceful mind.

The next thing analysts always ask us is if Serbadk will share asset ownership in this project. The offer has been given to Serbadk to take up stake in the Abu Dhabi project. To the best of what we believe at the moment, there is a possibility but we want to emphasize that it falls under asset ownership model and it has never been the business intention of Serba to own a very high percentage of asset. We will just own a minimal percentage necessary to assist Serbadk in expanding its connection and relationship with prospects and future job that will come from that kind of arrangement. If the government of Abu Dhabi comes in, it will change the entire landscape of the project. This development is quite positive we received overnight based on documentary evidence we received yesterday.




Serba management is very confident that the government of Abu Dhabi will come in with a position in the project as it is very unique and adds long term value to the country itself which adds many previously had to be imported.

Take it as your will. Instead of investing based on past results, investing based on future returns will instead yield better results over time.

https://klse.i3investor.com/m/blog/philip2/2020-09-02-story-h1513287530-Why_I_invested_in_Serba_Dinamik_Kpowers_and_SCIB.jsp

My thoughts on serba dinamik.

bought skpress 350K shares at 1.55

I'm not sure about the arrogance part, but I am ticked off by your comments trying to tell people what to do and telling them they missed the boat when you yourself didn't say a subtle comment about topglove that you supposedly owned at 3++, in what way did I show off? The only reason why I am posting my portfolio is so that my comments and purchases line up with my results in my portfolio. I have never showed off, you don't even need to see my results just the % performance.

At least when I buy topglove I post it, and when I top up I post it, and when I sell it I also post it.

All you have are the comments of a rude young kid.

Just joking ok?

>>>>>>>>>

blood7 wait until your neck long lah..... right time? when interest rate is 4%.... "then how they make money now?" they relying on investment income so their IB buying gloves & tech.... why not instead just buy gloves and tech too? ohh it's too late.... because too busy with Insas, TAE, Jaks, GKent and following philip's picks until you missed the boat hahahaha.....

just joking ok, midnights drive me crazy like a werewolf :)......

If you are working in tech sector, you will know the difference between holding on to Google, Amazon, tsmc for 1 year, 5 years and 10 years.

If you are working in tech sector I would recommend you try looking at things within your area of competence, when you say tech, is very broad.

If manufacturing tech, you can monitor frontken, Dyson proxies line Vs and skpres.
If fintech, you can monitor stoneco, ant financial and square. I own some stoneco.
If gambling tech, I think you can bet between iris and myeg? But you have a50/50 chance of being right.

>>>>>>>>>

Mashoh95 Hi,I started learning the stock market 1 months ago. Very new.
Now I mostly trading cause of market volatility do earn me some quick money.
As for holding period. Is 1 year good enough? Sorry, I'm not really sure how `long` suppose to be for long term investment.
I worked at tech sector now and yes, I'm 25, not that young actually.
Thanks :)
28/08/2020 11:04 PM

I'm currently not investing in teo sent right now.

How long is your holding period? What industry do you work in? You seem young as a 25 year old, how long have you been investing?

Bought 550,000 shares of pchem at 5.48 on margin today.

Oh I thought you had good stocks holdings, but you do realize sales is a millionaire share holder right? With your trading you should be more respectful of sslee as he has a far bigger portfolio than you. It might be good to be respectful of your senior, at least until you feel brave enough to post your own portfolio and your own great returns instead of commenting on others.

Blood7 you seen to be very good at commenting, mind to share your portfolio so we can see what stock picks you have done and your results so far?

Your answer is the same as mine. Rock solid company, MCO no MCO still profitable and stable, just like nestle, QL has built a very very strong foundation moving forward.

I couldn't have said it better myself.

Sleep well at night? Definitely.

>>>>>>>>>

enigmatic [control your emotions, discipline your mind] Waiting for Philip's commentary on QL. I think QL has done very well despite the MCO.
26/08/2020 7:01 PM

If want to lose, just choose bung. The number of videos of his trumplike attitude and activity is incredible. Just replay his videos during election Day you will lose all the female voters.

It's within expectations. Or you didn't know covid exists? Sooner or later pchem will go back to its long term expected returns, which is more than I can say for many companies.

Haha the share price went up. Why? I enjoy another 5 cent dividend, and share price steadily going up. I have a steady tutup mata investment that I don't need to worry about, as it is being run well, and bought at good price with excellent future. Traders like you will never understand long term investors, except when your trade goes bad and you are forced to sit and wait for the trade to go up.

I don't know about you, but share price from 40+ to 70+ to 80+ is already a very good sign. In the end share price will follow earnings, and sometimes precedes it. No need to worry so much about share price. Just make sure the earnings are correct.

Why drop from 24 to 18 after big QR sifu purebull?

Did you even read my article? No one can know when the epidemic will end. But the simple fact remains, even if covid lasts for 5 years, and every year they earn their maximum profit and assuming no other competitors start building glove making capacity and asp goes up to the maximum value, there is still a limit to production. So look at a company like topglove for example, let's say they make 4 billion in earnings every year for 5 years, which is 10x historical, they are still looking to make 20 billion in earnings. After 5 years still covid continues? If you think rationally, a 67 billion ringgit market cap for a business that will be flooded with competitors and analyst saying it will go to 100 billion?, Do you really think investing at such a price would even be feasible, when you know the growth will slow down?

It's not about when but understanding how it will end that is the part about investing.

It doesn't matter if you are early or late, as long as you are right.



>>>>>>>>>>

Vc Looi You being acting too rational, in market any kind of bull market also never last too long be it properties, gold, oil, palm oil and etc and they don’t even last more than 1 years . If luckily you has early position in one of it, and you logical and rational mind will make you sold your position even before it’s fully run out..your assumptions on few quarters of good result doesn’t justify what if this pandemic drag for 1-2 years or even longer you never know right ?
15/08/2020 7:33 AM

Don't worry sslee, I have already made many multiples on my investment in topglove, while you are still stuck in your jaks and Insas after 3 years no results to show.

There is your portfolio, and there is my long term portfolio.

Why are you still commenting? Why don't you explain why your Insas with it's huge cash is still trying to cheat investors by doing cash raising rps with yearly dividend instead of giving dividend and cash back to investors? Why are they raising so much cash when they already have so much cash?

Maybe you can start finding out and answering your own questions before questioning others.

>>>>>>>>

Sslee Good morning Philip,
You look too far and too long and forget all the IB analyst need to do their report every quarter base on result from quarter to quarter. So what do you expect?

Just admit you sold your Topglove too early and move on and no need to write long long to lecture every IB in the town.

Everyone know nothing is permanent so enjoy while you can.
15/08/2020 7:46 AM

Sorry I don't need to run classes, as anyone who has been in using investor.com knows.

The intelligent stock sharing of the investors in my discussion group has already made me more than enough return on my investment value.

You seem to have just started your investment journey.

Good luck.

>>>>>>>>>>

vampires666 philips full of nonsense...
end of the day wanna promote your telegram and classes... puiiiii
15/08/2020 1:38 PM

What are you trying to say look? You are going round and round I don't really understand.

TP price actually means take profit price. The question is how do you define the take profit level in the guest place?

Target price is based on short term valuation? How does one even do valuation short term?

It's like solving a sudoku puzzle when you only have 3 numbers.

How did you buy gkent when you already sold it at 50 cents waiting for quarterly report?

>>>>>>>>


Sslee haha,
Sold Gkent. Step aside for next quarter result.
11/08/2020 9:36 AM