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

If this is confirmed, I will be selling every share of GKENT that I own


>>>>>>>>

K-Den I heard my fren told me something funny which I hope this is real, Gkent in progress to get approval for mask & glove, and not sure how true is it since no any new during AGM, i really hope this is real
09/08/2020 7:22 PM

I think I explained it clearly before why I do not consider Penta a good long term investment. Price is what you pay, value is what you get. In any case

1. Profits in increased from 57m to 83 million, but market cap increase from 1+ billion to 3+ billion, why? The simple answer is because Penta also listed in hkex at the end of 2018. What other people buy and how they speculate doesn't matter to me.
2. If Penta patents were so unique and strong, why did it lose lawsuit to elsoft research and withdrawn in 2017? And why only patent in Malaysia instead of in USA and Taiwan where it's biggest sales are sent to? Simple answer, their "patent" is nothing special and cannot be applied against other earlier major patents.
3. Last year out of 133+ million, they only pay 7 million in taxes. If you read the annual reports, 25 million in taxes is discarded due to the pioneer status they received in 2016. How long? 5 years. Meaning it ends in 2021, after which they can apply for another maximum length of 5 years. Do you think there government of Malaysia will give it to them looking at these conditions where they need money? Pioneer status doesn't last forever. Imagine how much bigger they need to grow to pay back the loss of net profit starting next year if their pioneer status is not extended.
4. As a pioneer status, they have 400 million from listing cash. What have they done with it? So far only sold 14+ machines worth around 100-800k USD each for the automated testing equipment business. What else? One key criteria of a tech company is fast growth. What are they doing with that pile of cash?

So share price went up more than 2 fold. So what? Glove price went up more than 6x in 3 months, I owned topglove and made good money from that. Again the key to successful investing is buying what you understand I don't understand Penta long term prospects. Simple as that. Maybe you can share some light on the 4 red flags I put above, I don't know.

Did you buy Penta few years ago? Why not frontken? Why not the ate competitor vitrox?

Always interesting to learn new industries.


>>>>>>>>>
few years back someone asked and you took a look at PENTA and decided it was not good enough to be invested in... the share price since went up more than 2 fold already.... in Malaysia context, it is as good an automation company can be, if not the best (they have a good patent :)...!)....

Better than Insas and jaks and xinquan management clarity correct?

Sometimes, investing in a good management is very very important.

Those who do what they say and those who say but don't do is very clear cut.

Order book of 4.5 billion is enough to for 400 million company to look at. Not to mention incoming revenue and returns of hospitals in 2020 of 200+ million.

But again, thanks sslee for the effort and due diligence.

That's the answer, for me I only consider a company tech, when the technology advantage it has pushes it far beyond many competitors to play catch up. Tsmc tech is being one of only a few companies in the world that has the capability to produce 5nm chips and probably the only company that will be able to produce 3 nanometer wafers which no one else on the planet is capable of doing.

Same thing with Facebook on social media, Microsoft/apple on operating systems platforms, Tesla on long range electric cars etc.

I find the problem with investors who are out of their core competence start to view automation as "tech" which is totally not the same thing.

The key difference is that tech is disruptive and changes the landscape of economics. Think grab in transport, Alibaba in purchasing. Automation is not disruptive and is just a cost reducer. Anyone can run automation and call it "tech", doesn't make it so.

A lot of "tech companies" on bursa are simply automation companies, relying on pricing power via mida tax incentives and grants, but eventually are not competitive in the world market. These are companies which I do not invest in and I don't like the future prospects.

So in any case, what companies on Bursa do you think have these criteria which you like so much? They have good patents?

>>>>>>>>
What they are selling is not the point, the point is the technology and the patents they possess that are valuable. It's not what they make that matters, it's how they make.

Don't worry, it's just how I will treat trolls like CharlesT.

In any case I think the opposite of you though. I think it's very very important to know exactly what they are selling, because only in knowing that do you know what the future prospects of the company is.

Take for example a "tech" company like notion VTech. I would assume they are in the technology space. If not caring what they sell as important, then their goal to suddenly shift gears and sell face mask would give you multiple red flags in a business that would suddenly jump into a business like face masks which in the short term may well be beneficial to the company, but in the long term will this investment be something that is good for them? I have no idea totally.

Why cannot sleep? I made 17m just on gloves, not yet count the o&g stocks that went up another 30+%.

How much did you make? You made some money? Good for you kid.

Before you show off, I also had a friend who made a million gambling in genting.

Guess what happened to him?

Define tech stocks? Suppliers of testing equipment also consider tech stocks? Or selling cncy machine also tech stocks? Selling automotive lights also consider tech stocks? If that is the case, almost everything that adds industry 4.0, add an app, or has anything related to semicon suddenly becomes... Tech stocks?

So Sam engineering becomes tech stocks?
If a bank employs fintech technologies ( all of them are), they also become tech stocks?
If a o&g company and virtual reality and 4.0 it also becomes tech stocks?

That's a huge industry then.

I thought you sold your glove stocks already? Why? Got cold feet? So how much did you make so far?



>>>>>>>>>

08/2020 4:21 PM

CharlesT Philip can sleep ah? Rm40m opportunity loss...
04/08/2020 4:51 PM

Please advise on tech stocks, any recommendations as it is out of my competence.

Time will tell if gloves is overpriced or your are right and topglove will soon overtake Maybank to become the most valuable company in bursa Malaysia.

>>>>>>>>

EngineeringProfit 2020 = GLOVE

2021 = GLOVE

2022 = GLOVE

etc
31/07/2020 6:56 PM

I have been holding topglove for the last 10 years. I sold all my balance topglove share at 10.30, when the prices jumped far beyond rational value and reinvested in destroyed o&g stocks a few months ago. I don't think the high prices for glove stocks is sustainable simply using the economics of long term profit and sales of gloves post covid. I may be wrong, but I think the possibility of o&g stocks going up post covid to be far higher than glove stocks going down post covid.

More importantly I don't know when this will happen, so I will just avoid trying to time the market.

Disclosure requirements can be found here. Personally I think it is a hassle, and I'm not in it to show off.


https://www.clearstream.com/clearstream-en/products-and-services/market-coverage/asia-pacific/malaysia/disclosure-requirements-malaysia-1280374

Below 5% ownership not necessary to register with the gkent board of registrar's. I asked my Maybank investment if they can keep from registration and they told me I do not need to do so if I still want to keep it under Maybank cds. You can check. Downside is I can't attend AGM, which coming from Sabah is unnecessary for me.

https://www.investopedia.com/terms/p/poisonpill.asp

>>>>>>>


80gram ALP owns less than 20% and U all about 80%....why is he in charge?
27/07/2020 3:55 PM

you do, otherwise you wouldn't be reading this article.

History of bursa has shown that without the lack of corporate raiders, companies which do the kind of self benefitting exercise rarely get punished by the market, as they did not use their own money to buy those shares but instead get it from ltip and esos at very low prices, sell at high prices and buy back at low prices to increase their shareholdings.

Major examples in bursa being, london biscuit, protasco, weida, TA, karambunai, LC titan, LHI etc etc. The simplest examples would be to ipo or launch companies at high prices and buy them back at low prices.

So what do you mean highly unlikely even? Are you a new investor? there are many occurences of this happening of selling high and privatised low and in between siphon money out in many interesting ways.

And you have to admit, the lack of money at JAKS has been quite disconcerting, especially for those who know what to look for (like recently SSLEE) and even DK66 himself when he announced in an article that there will not be any cash call raising due to JAKS having enough money to complete JHP using internally generated funds.

I beg to differ.

>>>>>>>


huahtai98 I hear a lot of debate here which is good. But i wonder if people are still OBLIVIOUS TO THE FACT THAT ANDY ANG IS A MAJOR SHARE HOLDER OF JAKS. There is a Chinese saying ...人不为己天诛地灭...which literally translates to .... people who do not care for themselves will be annihilated by Heaven and Earth.....haha.
So those who doubt Jaks are telling us that, in the highly unlikely event, Andy Ang is an exception.
27/07/2020 12:33 PM

Funnily enough, I held topglove in my portfolio since 2010 and in all that time I had never once seen any comment on buying topglove. Even in your WhatsApp group there was no mention on buying topglove.

I wonder why? How does one miss this 100 bagger and yet can write such beautiful books on investing in bursa stocks?

I'm surprised. No longer selling books on how to invest like Warren buffet, Mr Dan Lok? Maybe we are getting somewhere.

No one has a crystal ball, so the only way to measure is to look at CEO current and previous activities to know what he will do in the future. The red flags are all there to see, if you bought to look deeper.

1. High salaries.
2. Constant borrowing or rights issues.
3. No dividends or share buybacks.
4. External private own companies that are awarded jobs.
5. Long term performance of company.
6. Treatment of minority shareholders.
7. How CEO handle agm or provide information.
8. Employment churn of directors, upper management.
9. Company cash burn.
10. Company stability, and performance of foray into new businesses.

So yes, you have 2v major unknowns:
1. How much money to jhdp.
2. What ALP will do with the money.

>>>>>>>>>

DK If only I have the crystal ball to know what ALP will do with all the billions of dollars from JHDP........
26/07/2020 4:48 PM

Spoken like someone who doesn't know anything about investing.

Is the economic undertaking of buying a fixed deposit a speculative venture? Of course not, because it is backed by dividends and a consistent income.

Speculation is when you buy something without any form of historical return, in this case share price has kept going down year after year, rights issues and borrowings keep happening year after year, and no dividends or cash in sight, however you are still expecting some gain due to the SPECULATIVE nature of the business whether turnaround or favourable future events.

Investing is when you buy something that has good backing, where historical capital gains of shares, consistent dividends or buybacks, consistent cash flow of business income.

I don't know about you, but you when buy a house you either buy it for a roof to live under, or the expectation for rental in future.

If you buy just to flip and sell for "future worth" yes you are speculating, and yes it is an idiots game if you don't even know where the house is, what it is doing, and if it will ever be finished.


>>>>>>>>>

Posted by BeastOfTheEast > Jul 26, 2020 6:47 PM | Report Abuse

there is no such thing as a business or economic undertaking with zero speculation

you buy a house or apartment also you need to speculate on its potential future worth

I think many still don't understand, here is a a more clearer example of company CEO direction.

Imagine if you will that cpecc completes construction and jhdp power plant runs as expected. Power generation is paid by Vietnamese government and cash flow generated into dividends payment from jhdp to Jaks.

Based on Jaks history of management, another likely scenario is this.

Jaks will use Vietnam funds for Vietnam expansion into solar and construction and new projects in power and property development. These will be run on a JV basis with China/Vietnamese parties and cash flow generated in Vietnam will be used for those projects.

Let's call it Sun Pacific development and LQT solar for now.

Now Jaks resources will use the fund generation from Vietnam power plant to do these acquisitions.

But.... Please don't ask the pertinent questions like what is the acquisition price or how much the return on equity will be. All you need to know is how much more dilution and rights issue you will still need to pay out to "get" a share of these earnings.

Which is more likely? That Vietnam earnings will be sent down to Malaysia and given out as dividends to minority Malaysian shareholders? Or kept in Vietnam and paid to Vietnamese /China companies which have an indirect link to ALP that local companies cannot verify?

Think about it clearly. How does ALP get funds to buy massive portion of rights issue for himself
If he did not of a way for himself.

Does it benefit minority shareholders when before he said internal generated funds can pay for projects? Instead going hand on heart to borrow money from shareholders to run his projects without rewarding them instead? Why are banks reluctant to borrow money and buy their bonds?

Hard questions for those who only look at profits and not how those profits come about and how it will be used.

>>>>>>>>>>

DK A shareholder agreement was signed between Jaks and CPECC on 6 July 2015.
26/07/2020 9:01 AM

Fool me once, shame on me. Fool me twice shame on you.

I don't see why cpecc would not be paying any dividend post expenses. But you have two issues
1: how much is the dividend to Jaks?
2: what is Jaks going to use that dividend for?

If you want to understand my worries, look back into history and study Chen lip keong, the founder of nagaworld and how he got the money to invest in Cambodia. More importantly, what happened to the shareholders of petaling tin, did they get a single thing from nagaworld Cambodia?

So what do you think you will get from jhdp?


>>>>>>>>

firehawk Philip ( buy what you understand) , Do u find this 2 sentences logic? frankly, I myself can;t understand, since u rise it, just ask ur opinion.

>>>>>>

Jaks will eventually have 2 out of 5 board seats in both JHDP and JPP.

Therefore, there is no risk of CPECC refusing to pay dividend.
24/07/2020 4:40 PM

What is the risk of JAKS not paying a dividend at all but continue to expand with multiple projects in vietnam instead?

>>>>>>

Jaks will eventually have 2 out of 5 board seats in both JHDP and JPP.

Therefore, there is no risk of CPECC refusing to pay dividend.
23/07/2020 11:49 PM

As for this statement I don't think it is accurate. I don't buy stocks based on share price or their movements. I buy based on how much money cash flow they can generate over a long term ( I usually try to look forward to 10 year cash flow) and earnings. However when the business structure itself changes, I will get out immediately.

I started out as a trader, and investing can get very boring so a little trade here and there does keep things interesting. I did PPHB@0.49 last year and star@0.25 this year short term trades, but I realized anything more than 1 short term trade a year I start losing money. That is how difficult I think short term investing ( below 1 year) can be...

>>>>>>>>>

ok lah so i see bro, it's like midlife crisis getting a ferrari, i hope you come back to your roots, man.... this forum can be real poisonous.....

Blood7, I am interested in your thoughts though, as the question is very interesting: sell my investments in Serba and buy WHAT?

Can you share also what stocks you are currently holding and what you would advice me buying over a long term?

Currently at my prices serbadk is giving me 4% per year to wait and see, as well as good roe returns above 15% per year, net gearing ratio of 0.6 and 1.2 billion in cash.

Any ideas of a better long term investment? I would be more than happy to listen to something that you bought that you think is good.

For serbadk tech, I am more interested in the fact that they are using it for o&g predictive maintenance and training for technician's before going out to sites directly to do repair works, which I thought was a wonderful ( and also being done by baker Hughes and Schlumberger. More importantly, this tech is bought from acquiring a cheap Indian company with good programming team, where they generated 121 million in revenue and 20 million in earnings this year. These are facts in annual report.

As for their vr, I did get worried as a red flag especially as they built it in Kota samarahan a be park where no one will go. But then I dug more in depth and found out that this was done to get the government support from Sarawak state for investments in education and integrated theme park which qualifies government grant. They are parlaying this into getting more Sarawak state and Petronas jobs, getting education license to complement their city and guilds license to train o&g technicians, to complement their o&m activities. IT is the cheapest form of investment with the biggest reward if it succeeds, and since Serba IT department is already profitable from day 1 even with weird deployments like halalgo and vr( which is still very cheap to invest in), I am watching my investments closely every quarter.

But appreciate and thanks a lot for sharing on the ad blocking. I'm more worried about the receivables and payments from clients, so I will definitely watch this investment closely. As all my investments in Karim is around 20% of my portfolio, I appreciate all the factual heads up given. But as I have friends in Petronas and since I live in Sabah and have visited their MRO village I am very happy with my investment.

In my opinion being in the engineering line I know exactly what he is up to, so let me simplify.

Serbadk core business is still operations and maintenance. For maintenance of major and large equipment we have traditionally very few options for rotating equipment servicing and repair: send it to Italy, China or Singapore. Today Serba is spending a lot of money to build these facilities in areas where they support by building "villages" with these repair and service facilities in house, together with training centers and vr/ar departments in one center. That is the core business and long game of Serba dinamik after my visit to their offices and sites in bintulu and pangerang.

I will definitely monitor closely if their expansion continues along those lines, but so far as you can see from my portfolio I am up 25%+ on most of my investments with them.

When it's raining gold, you bring out the bucket, not the thimble. Changes

My core stocks are still the same, and my profits are still from long term holdings.

I still have a huge position in major stocks, and you can see my total returns from the year.

I don't need any admiration or proposals from anyone, as my investment returns and choices should show anyone the value of investing long term versus trading returns.

In either case, my major holdings are those that have been kept over a long period of time. While the new ones still monitored closely quarterly. I sell based on changes in the structural business itself and not on share price movements.

The reason I sold paramon was because I knew they were selling the college. But with 7 billion in gdv, instead of paying down debt they decided to use the revenue to buy more landbank at high prices.

I view this as a structural change in business structure.

FYI, people can change their minds. Even Warren buffet sold all his airlines stocks a year after buying deep. Should we begrudge him that on his concept of long term investing?

I think not.

bought uoadev shares @1.88 today. ex date 0.14 cents dividend tomorrow 22/7/2020.

I feel it is better to give credit where credit is due. Previously we were told that no further dilution or rights issue was required for jhdp financing and internal borrowings were enough to pay for everything.

The fact that this is a management U-turn should be more than enough of a red flag to do further due diligence of the company instead of just assuming jhdp is the be all and end all.

As I said before, if all I was buying was jhdp standalone I will put in every cent I have into buying the IPP. As it is we are not buying jhdp but JAKS the company along with its management, investment strategy, and putting ourselves in their hands as minority shareholders with their use of the company cash flow.

Before no one seems to understand what I am saying and how gleaming profits from jhdp will cure all. But even before any income from jhdp comes in we are counting chickens before they are hatched.

I hope in future investors will learn how to do qualitative analysis and learn to value management quality inn their investment thesis.


>>>>>>>>

Posted by DK > Jul 21, 2020 8:37 AM | Report Abuse

It is always easier to criticize than to praise. Jaks secured JHDP but hardly hear any good words when the price is under performing.

I think it is not fair to blame anything on DK. He is also just investing his money based on his own research which he did share with everyone for free.

So why the blaming and scolding? The decision to invest is yours and yours alone.

If you wish to share anything, share your own research and compare the results of your own investments with everyone in your own trackable portfolio. Then we can see the results of your own research.

In any case, everyone gets to learn something about the stock market every day, and a very important oft forgotten rule: managements are a key ingredient in how a company performs.

If you do not put the quality of management into your calculations of how a company would perform, then you only have yourself to blame for thinking investing is easy.

>>>>>>>>>>>>>>>>>


HeOpens ItFirst At original RI, DK66 promoted it by stating that the price must be above RM1 in order to achieve at least 50% discount of TERP condition. We trusted him by buying the Jaks when it is below RM1.
Now the revised RI, the price of Jaks is worth only RM0.81 in order to achieve 50% discount of TERP condition.
I feel disappointed and learnt a big lesson:
IF YOU FOUND A GOLD MINE, YOU WON'T PROMOTE IT TO OTHERS;
IF YOU DO INVITE OTHERS TO DIG WITH YOU, IT IS BECAUSE YOU AFRAID IT WILL TURN OUT TO BE A DEADLY MINE.
18/07/2020 9:02 PM

sold paramon today, I didn't like the purchase of land in klcc instead of hoarding cash for better deals at the end of the year. with the sinkhole coming up some more at their land purchase, its something that I did not like paramon doing.

Sold@0.88.

If you don't have patience and look at the earnings and cash flow in the future, you will only be looking at past results and see only sad things.

As for me I only started to build up my position last year when the revision of agreement was signed in February 2019 and new revision of fixed price contract. I bought it with full expectation of holding on until 2024 when earnings from LRT3 comes in.

For those who are looking at 6 months and 12 months earnings this will not be a good trading stock for you ( just the way I like it).

For those who want security of a company with huge share buybacks and huge net cash position and a strong manufacturing and engineering team, gkent is my pick.

Let this old story continue to give me good cash flow in the future and pay me good returns with dividends and share buybacks.

For those who want to buy speculation stocks, go right ahead. Buy the boring, unpopular and profitable company.

Are you the same guy that bought PPHB follow OTB buy at 0.945 highs?

If you were wrong about pphb, how to know you will definitely be right about uoadev?

>>>>>>>>

Posted by MasterYoda > Jul 18, 2020 12:40 PM | Report Abuse

Sorry to tell you but it will definitely drop further,$1.50 in 2 weeks

Hahaha sslee own INSAS for 3 years still don't know how INSAS works. Worse is Alibaba also don't know how INSAS works but say he knows.

Very simple question and very simple answer. Would you pay usd1000 to book a car which you have never driven before or seen before or exists? If the answer is yes, then you will know how Tesla is valued.

When you have 500k people paying usd1000 with non refundable usd300 service fee to book a cybertruck, you realize you have just made usd500 million in bookings just on reputation alone.

How many car companies can claim that?

Still cannot keep to salient points and discuss about INSAS on INSAS thread?

So, let's discuss insas in insas thread and discuss gkent in gkent thread.

Please explain clearly why cash rich company selling warrants and doing cash call?

Very simple. You own INSAS for 3 years you should be able to explain very clearly what is happening. Why undervalue company with hundreds of millions of cash is taking advantage of minority shareholders instead of helping them?

It's for the QL foundation and it's not so many. It's just a tiny portion that is reflected by joint ownership so every director name is written down. This is to seek and provide funding for QL foundation and charity activity every year.