Still bashing stocks I see. What stocks do you have that is performing? Oh I forgot. You don't have any, gdex boy.


>>>>>

Posted by i3lurker > May 1, 2020 11:24 AM | Report Abuse

one of the least performing counter on thursday

sellers still hiding in the bushes waiting to do Halloween tricks

Boring every time same answer, but one simple question until today not answered. Why is it for the last 5+ years with the same balance sheet is INSAS trading at such a huge discount to balance sheet? Why are banks avoiding, institutional investors who avoiding, Philip avoiding? Was it the right action not to invest in INSAS for the last 5 years despite huge difference in balance sheet? Why is this happening?

Can sslee stop repeating same balance sheet story and explain why for last 5 years INSAS share price is trading to such huge discount, similar to icap also trading at a discount?

Will the same story repeat 5 years of from now? Will INSAS still trade below its NAV 10 years from now?

Sslee. Learn to scuttlebutt. Don't just try on CEO teatime. Visit dome. Visit melium. Go visit numoni. Go use vigcash, tribecar. Go use their trading facility.

Then you will know that business is so much more than just pieces of paper.

FYI. I have used tribecar in Singapore.

Have you used any of INSAS services and products?

>>>>>>>

Posted by Sslee > May 1, 2020 11:21 AM | Report Abuse

Haha,
One look at the Balance Sheet already know cash rich Insas BOD had nothing similar with ALP except inari is cash cow for Insas and JPP is cash cow to Jaks.
So fake news again from Philip

Ricky Yeo is in Australia lo. Very young man and handsome and still writing articles that sound good but have no results one la.

Of course very sarcastic, he thinks just because he emigrated to Australia he is better than the average Malaysian, not knowing that while he is earning peanuts in a foreign land and jumping from job to job, others are making millions in Malaysia, the land of the hard working asians.

He is also another one who want to start a stock competition ( 10 years woh) with me,

https://klse.i3investor.com/servlets/pfs/138504.jsp



>>>>>>>>>>

https://au.linkedin.com/in/jiayeo

Is this even a relevant comment that relates to investing?


>>>>>>>>

DickyMe All good but will "ABANG" let lapdog brother to report freely?

They must remain subservient and toe the trail of the donkey.
30/04/2020 11:27 AM

Let us revisit just one year ago.

>>>>>>>>

https://klse.i3investor.com/blogs/philip5/2019-01-28-story191626-My_First_Pump_and_Dump_Article_How_to_pump_with_a_CONCIENCE.jsp

https://klse.i3investor.com/blogs/philip5/2019-01-30-story-h1456984491-CUN_CUN_CALL_BY_PHILIPTANGRAIDING_RESEARCH_GROUP_UNLIMITED_POWER_UP_TRA.jsp

But in any case I don't make the prices. I have also gone through extensive reading of YST farms annual reports and their production and selling prices to plot the growth rate to feihe.

The prices that YST is selling at is quite low, but it is on the higher side compared to the market sales prices of the dairy farmers in china.

So, pricing power is not there due to market competition. For Feihe, it is almost the opposite way around.

Since I can't force feihe to pay higher prices for milk or sell lower price for astrobaby, I will just follow them as a minority shareholder and participate in the long term growth of the company.

With tesco selling nestle NAN at 113.99 per 800g (the price my son bought for my granddaughter), you can understand why I am so bullish on this. My daughter in law stopped breastfeeding almost as soon as she started going back to the law firm.


>>>>>>>>>

https://eshop.tesco.com.my/groceries/en-GB/products/7004958942

If anything, the writing of pump and dump articles (with a conscience) is a very difficult and tiring process. So far my track record is 1 per year. I may or may not even find any penny stocks worth buying over short period that has enough growth factor to rise up in price.

In any case, for the pump and dump stocks, I may not even be the one buying them, it is merely an exercise in valuation.

I repeat, if warren buffet can make a mistake with heinz and dexter shoes and airplane stocks, I can and definitely WILL make a stock pick mistake.

Just know that if that happens, I will be in the same boat as yourself.

>>>>>>>

Posted by Sslee > May 1, 2020 9:23 AM | Report Abuse

Haha Alex,
I manage to sell some STAR for 50% profit still hold some. A big thanks you to Sifu Philip. I am eagerly looking forward to Philip next pump and dump article. This time must buy more.

if you look under other dairy milk products RMB210 million which includes packaged and processed butter, fresh milk packed etc their GP margin is also around 36%, so there is no supply chain bullying.

The difference is in the high in milk formula powder series. Those have very high margins (similar to Apple iphone) due mostly to brand recognition, market perception of quality and marketing efforts, and high R&D to produce quality results. As it is very hard to quantify the eficacy of milk powder (so just take my word for it and buy the most expensive formula milk available in the market for your baby), long term branding is very very important.

Contrast that to our local products, dutch lady. The price sold is very high compared to other local brands (in sabah we have SID and ecoyap), if the price was the same or even slightly more expensive, when it comes to your baby, would you feed them ecoyap, SID or Nestle? Why? Did you look at the label and compare what actually is beneficial for your kids when you bought the milk powder formula? Or did you listen to you wife and just bought the more expensive brand, for the added reassurance and quality reputation?

That is why feihe has 70% gross margins. Because they sell every thing out at 70% margins, so why sell it cheap?

And personally, i think the milk formula industry is funny that way. A reduction in price does not equate to an increase in sales. In PRC most individuals are more afraid of fake products and labels than even malaysians due to the prevalence and lack of quality control in the past (not so today though). My experience of PRC individuals, if something is expensive, then the general belief is it must be good.

Even when they come to Malaysia, my PRC friends always look for the most expensive durian like musang king, instead of enjoying other not so famous ones, which is cheaper but not necessarily worse.

FYI I stand by my claim that red prawn and XO durians are BETTER than most varieties musang king. At half the price, I love it even more sometimes.

>>>>>>>
Yet Mengniu only achieves a 37% GP margin. Perhaps Feihe is able to procure fresh milk at much cheaper rate (sslee might be right about supply chain bullying)

If you read through the transactions, you will notice almost half is on margin to buy stocks at all time lows.

Just look to the top of the page.

I don't cover, but I do own a stock or two. My wife owns berkshire hathaway, and I own stoneco.

>>>>>>>

Alex™ do u cover usa stock?
29/04/2020 1:03 PM

Personally, I have never liked the concept of reits, unless I am the one launching reits myself.

1. 90% of all earnings have to be paid out as dividends. For me this is insanity, as it does not provide any opportunity of growth without significant dilution, and it does not provide any cushion in times of crisis.
2. The valuation of reits is usually based on net-nets, with little possibility of earnings expansion of a normal stock, but with all the inherent risk of a stock. If that were the case, I would rather buy bonds or fixed deposit instead for the risk level. During debt calls, stockholders are always the last to be paid.
3. REITS are usually overpriced after IPO, and will remain the same or lose value over time. Almost every REIT that I have monitored that has paid out 10% per annum has dropped in share price value over the years, making the dividend payment inefficient.
4. Costs and depreciation increase over time, but when REITS are involved, somehow the math just doesn't work right most of the time for me.

>>>>>>>>>>


ferrarimaker STOR reit in US - Look interesting especially recent price got beaten to IPO level, likely to ride out of the covid storm as majority of the tenants are SME service providers that everybody needs after lock down. http://ir.storecapital.com/interactive/newlookandfeel/4553160/STORE_Ca...
http://ir.storecapital.com/interactive/newlookandfeel/4553160/STOR_CEO...
30/04/2020 11:33 AM

what kind of shit company is this, the moment the share price goes up the directors start dumping shares. Crooks each and every single one of them. They know they company is overvalued, you know they know. And they still sell.

IF the company directors themselves do not have faith in the company enough to hold, why should you buy??

in my opinion of JAKS, I am not an investor. This is because I cannot invest directly in the power plant. Instead, I have to put money into JAKS itself, which is run by a CEO that I do not trust or respect in Andy Ang who hides information from shareholders and does poison pill defence, a management that does a poor job in building a shopping mall in a place no one wants to go to (evolve), and has multiple LAD and delays in its property development (50 million incoming LAD to STAR), and a legacy business of steel pipe supply that cannot compete locally. The company also has a history of funneling company funds to many ventures like that has expenses but so far no adequate returns on capital. Many cash calls, zero dividends.

The power plant is definitely going to complete and COD will strike. Hopefully before December when the LAD will kick in.

I have faith in the chinese counterpart to complete the power plant on time.

I have zero faith in JAKS management to manage the earnings from the power plant to grow shareholder value.

I compare the power plant to inari, and JAKS to INSAS. Why is INSAS selling at such a huge discount to assets despite holding a huge portion of INARI shares?

2 words: Management Execution.

I wish connie all the best. You are a brilliant investor, especially coming from kuantan. But the fact is, once JAKS gets the earnings, how sure are you they will be able to either pay a consistent dividend, buyback shares, use the earnings to take on bigger profitable jobs instead of going further into debt?

Their history already shows execution risk.

Ricky Yeo is in Australia lo. Very young man and handsome and still writing articles that sound good but have no results one la.

Of course very sarcastic, he thinks just because he emigrated to Australia he is better than the average Malaysian, not knowing that while he is earning peanuts in a foreign land and jumping from job to job, others are making millions in Malaysia, the land of the hard working asians.

He is also another one who want to start a stock competition ( 10 years woh) with me,

https://klse.i3investor.com/servlets/pfs/138504.jsp



>>>>>>>>>>

https://au.linkedin.com/in/jiayeo

For those who are into pump and dump activities and short term profits, maybe speculating here will be more up your alley.

>>>>>>>>>>

https://klse.i3investor.com/m/blog/philip5/2020-04-11-story-h1505927167-My_Second_Pump_Dump_Article_How_to_pump_with_a_Conscience.jsp

This qr is for the 3 months until January 20. With the mrcb JV results, we already know what the expected numbers were going to be. The next quarter results will see acceleration to complete the 2 hospitals due to covid and some effect from mco. But by end 2020 we will see claim for LRT3.

For those who live in kl, you can easily scuttlebutt. Visit the lrt3 station sites. See the completion progress. Then ask yourself once this project is complete will gkent-mrcb get paid? If the answer is yes, then all you need to exercise is patience. If the answer is no, then you need to ask yourself why GKENT are not getting paid.

If the only reason why you are posting such things is because you are a short term trader and you cannot hold a stock longer than 1 year and average down. Then you need to find different stocks to invest in.

If you are that kind of pump and dump investor, maybe this will he

But remember that these kind of investments can only be done using small amounts, and only for short term trading profits. As for no dividends, I would rather my company buy back shares when it is first cheap like I did, so that my share of profit ( and I believe LRT3 profit is guaranteed) later on.,


30-Apr-2020 30-Apr-2020 Buyback 30,000 0.685 0.690 View Detail.
27-Apr-2020 27-Apr-2020 Buyback 30,000 0.660 0.665 View Detail
24-Apr-2020 24-Apr-2020 Buyback 30,000 0.660 0.665 View Detail
23-Apr-2020 23-Apr-2020 Buyback 20,000 0.670 0.675 View Detai
22-Apr-2020 22-Apr-2020 Buyback 20,000 0.680 0.680 View Detail
21-Apr-2020 21-Apr-2020 Buyback 30,000 0.675 0.680 View Detail
16-Apr-2020 16-Apr-2020 Buyback 20,000 0.675 0.680 View Detail
14-Apr-2020 14-Apr-2020 Buyback 20,000 0.665 0.665 View Detail
13-Apr-2020 13-Apr-2020 Buyback 100,000 0.655 0.670 View Detail
08-Apr-2020 08-Apr-2020 Buyback 70,000 0.660 0.665 View Detail
07-Apr-2020 07-Apr-2020 Buyback 25,000 0.630 0.635 View Detail
03-Apr-2020 03-Apr-2020 Buyback 30,000 0.570 0.580 View Detail
01-Apr-2020 01-Apr-2020 Buyback 160,000 0.550 0.590 View Detail
31-Mar-2020 31-Mar-2020 Buyback 51,000 0.540 0.555 View Detail
30-Mar-2020 30-Mar-2020 Buyback 60,000 0.535 0.540 View Detail
27-Mar-2020 27-Mar-2020 Buyback 190,000 0.540 0.585 View Detail
26-Mar-2020 26-Mar-2020 Buyback 20,000 0.535 0.545 View Detail
25-Mar-2020 25-Mar-2020 Buyback 25,000 0.500 0.520 View Detail
24-Mar-2020 24-Mar-2020 Buyback 20,000 0.495 0.510 View Detail
23-Mar-2020 23-Mar-2020 Buyback 155,000 0.475 0.490 View Detail
20-Mar-2020 20-Mar-2020 Buyback 230,000 0.490 0.530 View Detail
19-Mar-2020 19-Mar-2020 Buyback 440,000 0.435 0.490 View Detail
18-Mar-2020 18-Mar-2020 Buyback 655,000 0.475 0.510 View Detail
17-Mar-2020 17-Mar-2020 Buyback 260,000 0.485

How can so many people see the same thing and think different things? It all depends on your investing horizon, your ability to average and to understand the long term prospects of the company. I for one already know that Selangor is already running the smart meter trials to reduce NRW( none revenue water) with GKENT pilot.

https://klse.i3investor.com/servlets/pfs/120720.jsp
This is my portfolio, and you can see I have been averaging down on GKENT same as management in buying back gkent shares at low prices. My cost average now is 0.701. GKENT may be the smallest of my holdings in bursa, but it is one that was bought with the same level of consideration as my other long term holdings in QL, topglove, yinson.

All I can advise you is to learn how to enjoy paint dry. When I buy GKENT, it is not with the expectation of results this quarter or tomorrow or goreng next week. I only know a few facts. LRT3 completion is in 2024, somewhere between them GKENT will receive progress claims for works done on LRT3, vo on lrt2, the rail system on mrt2 and the 2 hospitals. I do not have an issue holding until 2024, and averaging down on the megasales, as it brings my cost down more and I expect the with all the buyback the share price and profit increase will go up much higher in the future, as they will be flush with cash again and the ability to complete more bigger jobs, especially after having the reputation of being the maincon of LRT3.

So, do you think gkent will never get another major contract again in the future? I find that highly unlikely. When that happens, then you will know the difference between investing and speculating.

>>>>>>>>>>


mamatede slowly but surely, Gkent is slowly slipping to the drain...
30/04/2020 8:09 PM

One thing that I can pretty much guarantee is that there will not be a reduction in the consumption of baby formula over this covid-19 period.

Ok. But I will recommend you to open up your mind and look at businesses instead of locality. In every country ( USA and Malaysia included), there are always bad and good companies. However

Munger invested in BYD.
Warren buffet invested in Petrochina.
Alibaba is one of the world's biggest companies.
Jim Rogers had this to say about China.

https://news.cgtn.com/news/2020-03-27/Investor-Jim-Rogers-I-would-rather-buy-from-China-than-the-U-S--Pb3cWwJ6xi/index.html


The idea about investing is to look at critical areas that are undervalued. Stock fraud carry many alerts and red marks. But to assume that all stocks in China is a fraud is to lock yourself out of a huge fast growing market that will recover out of covid-19 faster than any other major country.

There are cheaper options in the markets, why do Chinese still choose to buy astrobaby in large growing numbers? The fact is PRC Chinese are becoming much wealthier, and for them children are the most important future asset in their old days. Willing buyer willing seller, and no one is complaining about there business model but you.

I'm very interested however, what is a fair price for material suppliers to you?

>>>>>>>>>>>

By the way do you think a business model that did not pay a fair price to their material suppliers and then raping their customers to reward themselves, their distributors and retailers is a win-win business model.

Hi alex, if you mirror my stocks I am not sure if you can make money.
1. I will definitely buy first, then write articles. And most likely, sell first then remark on my stock portfolio page. So, if you plan to do short term trades it will definitely not benefit you.
2. My holding period of stocks is usually 5 years or more(some remain unsold), although there are exceptions to the rule, such as STAR and AUSNUTRIA, which I sold after making 30% and 20% earnings.
3. I am able to do dollar averaging (up and down) every quarter to average out purchases, and dip into margin to buy when there is a significant discount to value. Are you able to withstand and entire year or two of inaction, and go crazy buying stocks during crisis?
4. I am a retiree, so I do not need to pay or upkeep many things in life. My overhead costs are low, are yours the same?

If you are unable to follow the following criteria in investing, I recommend that you simply look at my investing philosophies instead and put your own twist on investing on top of the foundation of mistakes that I made instead. Rather than giving people a fish, learning how to fish yourself is infinitely more fun and profitable. Rather than complaining when stocks go down, and cursing when it happens because you dont understand the business you invested in.

Hope you learned something.

>>>>>>>>>>>


Alex™ thank you Philip. Alex™ officially follow you now. Please let me know if i can mirror all your stocks. Alex aim to retire in 20 years tq.

Criteria: as long as perform better than sp500 avg (14% all time)
29/04/2020 12:54 PM

And then STAR went up by 50% in price, while GDEX recommendation is still stuck.

>>>>>>>

i3lurker To me, life is simple

company does not have any growth => NO GOOD

Star Media => No Growth

Star Media => No Good
15/04/2020 8:17 PM

ok. but you are more speculator than me leh. how come your recommendations all dont work out?

insas warrant
insas
sapura
hengyuan
petron

all.. garbage.

Xterrorsinx, if u look back at lctitan history, it was already privatised before and relisted. Why do you think it is highly possible? Privatisation will lock you out of share sales, rights issues and other ways of raising money during this period. More importantly, if they privatised no one will ever trust them again to relist a third time to claim money from shareholders. Trust is a two way bridge

>>>>>>>>

Option 3 - Privatise. I think it is very likely possible. Due to - low public spread (they need RM 840 million at current price to take it private for a company that has nett asset of RM 12 billion). Only 24% to buy up unlike Genting which is 55% publicly owned.

Where is stockraider when you need him?

In my humble opinion it is always far more important to buy what you understand than to diversify for diversification sake.

The key word here being understand. If you don't understand the business, diversification can easily lead to DIWORSIFICATION.

In any case I find the report very frivolous. Why is a stock based just because they did not pay dividends for 5 years? Berkshire Hathaway hasn't paid a dividend ever.

Only cheap investors keep begging management to give out dividend without thinking about the big picture in terms of the business.

I believe if the company is able to turn 1 dollar of retained earnings into many more dollars of growth than I can by giving out a dividend, then I believe the company should not give out a dividend and instead grow the business and capture market share.

If in 5 years just by not giving out a dividend feihe is able to grow to 13% of the market, then I believe it is the right thing to do.

>>>>>>>>>>

https://www.gmtresearch.com/en/research/china-feihe-fake-or-fab/

Have you read the GMT short report?
29/04/2020 10:32 PM

Sslee, you never give up do you? What makes you think QL growth rate is going to be low? Ql is still one of my major holdings.

FYI, please give up on trying to bring down QL. It will still outperform INSAS. It will still return shareholder value far above what INSAS can it has ever done. And the consistent growth of QL is something that I appreciate and look forward to far more than the stocks that you peddle.

QL is a far safer, more consistent, more stable company with guaranteed growth over many many years compared to your INSAS.

Please give up commenting on my page, if you have nothing worthwhile to comment.

Full stop.

As you still have much to learn about investing, I recommend you talk less and read more.

>>>>>>>

Sslee Haha,
Now Philip learn how much growth rate 30% revenue and 28% NP compare to his QL low single digit growth rate.
29/04/2020 8:50 PM

Yes I already posted it up at the bottom, regarding their complaints on fraud and fake money because they have not given back any dividends in the last 5 years. I thought it was refuted when management has guaranteed 30% of profit payout as dividends to shareholders. If and when the dividend payout is not given out, then we shall see.

As for market share and sales claims , I believe Nielsen 3rd party and very reliable market reports has already refuted this fact.

That is not to say Ausnutria is not the company to invest in, as their margins and growth are equally spectacular and not to be scoffed. But I believe as one company imports almost exclusively all its baby formula from netherlands and australia and another produces it locally, one will definitely make far higher margins than the other.

Plus the locally produced one is selling the high end series at absurd prices (and huge growth rates) and the marketing tag of "better for chinese babies", that just killed it for me. How do you compete foreign brands with that?

Sold 400K Ausnutria at 15.50 and bought 400K shares of Feihe at 15.30.

When I look at a company, this is always the first things that catch my view,

Quarter. Revenue. PBT. NP

31-Dec-2019 1,107,349 97,650 74,975 melium group
30-Sep-2019 1,072,852 84,330 69,872 melium group
30-Jun-2019 993,213 62,161 49,340 melium group

This is how I would like transparency in viewing the performance of a company.

With INSAS, I cannot find the transparency of the proper breakdown of all it's business units without inari share sales and dividends muddying everything up.

Simplified, what I meant to convey is I cannot have a feel of INSAS profit/losses of it's many startups and business units.

I did not say INSAS BOD is crooks. I just can't see the how much money the other business units are sucking up or generating back towards parent, and I don't like that particular reporting method.

That is all.

Thank you

As I never once said that INSAS BOD are crooks, please do not put words in my mouth. The information I meant to convey is that too much information is spent on other details and very little spent on explaining the revenues and earnings of the the business units so that we can track more detailed performance. The earnings and revenues of tribecar, numoni, roset, and all the other growth units. In Warren's buffets letter, he explains in detail what he bought, why he bought it, the revenues and earnings and growth projections.

Vigsys and vigcash were little more than a footnote of losses. Was roset sold for a profit or for a loss? Is done, melium group growing revenues, flatlining or reducing in revenue and earnings.

This is what I meant about setting up accounting so that it looks better on paper than it really is. Not that INSAS BOD are crooks, but relevant information ( at least to me) that would contribute in long term growth of INSAS is not translated and monitored quarterly.

>>>>>>>>>

It's ALWAYS a bargain price. For the last 5 years INSAS has remained a bargain.

Why?

When your core business is helping people buy and sell stocks, it is easy to game the system by setting the accounting up so that it ALWAYS looks nice on paper.

Sslee, I did not INSIST. I only stated a fact. And I only posted it one time. Unlike those who keep repeating INSAS assets over and over and over.

I did not like INSAS business model from the minute I saw it. As Teoct has tactfully said, let us agree to do disagree. As you u cannot convince me to like INSAS and invest in it, just as you cannot convince me to hate QL and divest it, let's just move on. You think INSAS is a wonderful company. I think it is an average one. As the only thing that can be said as minority shareholder is the long term stock performance and dividend yield, all we can do is let time show who is right or wrong.

For me, it is simple. I have take a 2 year Bak kut teh bet with stockraider and CharlesT to which investment carried the best 2 year returns. I hope that will settle the matter on INSAS.

As I understand it, INSAS main business model is capital allocation. All I am saying is I do not like how they structured their financial report and accounting methodology which unnecessarily complicates proper valuation of the company. If you have construed my statement as saying that I said INSAS BOD is a bunch of crooks, then I apologize to you.

>>>>>>>>>


Hence I do not understand why Philip insist INSAS core business is helping people buy and sell stocks, so it is easy for INSAS to game the system by setting the accounting up so that it ALWAYS looks nice on paper and his made up INSAS BOD to be crooks without even knowing them.

Thank you

Instead of using a one brush to paint everything, I invite you to look at the circumstances of selection and a simple fact: why would a Chinese company doing business in China, with assets and management in China decide to do IPO in Malaysia? The associated costs and inefficiency must give them some certain earnings for them to producer that kind of effort.

But in buying a company based in a foreign land, we can apply the same qualitative and quantitative analysis to decide if the business is something that you would like to invest in.



>>>>>>>>>>

Posted by Sslee > Apr 28, 2020 8:37 AM | Report Abuse

Good morning i3lurker,
Me, once bitten twice shy. I will never trust any Mainland Chinese again. Philip say I lose 2 million in Xingquan because I hold 3million+ shares that become toilet paper. I learnt my lesson and never again.

Hi teoct, I concur. I finished reading the last few years of audited financial of feihe,mengniu, yili and junlebao, all the competitors are having a good room to grow.

The allegations I think is not long term damaging, and the short selling has in fact pressed the price to a reasonable valuation that thanks to you, I was able to take advantage of.

While I believe feihe may be the right call in the long term, as you have done a lot of research and decided to invest in ausnutria compared to feihe, I will defer to you on this end and nibble nibble a bit on ausnutria while I monitor further.

Let's see how in the next quarter results.


>>>>>>>>

Posted by teoct > Apr 28, 2020 1:44 PM | Report Abuse

Hi Choivo Capital - been a while since we last chat.

Management quickly appointed an independent review committee (IRC) (consisting of all independent directors) as well as an independent consultant (Deloitte Advisory (Hong Kong) Limited) reporting to the IRC (only) to carry out investigation on the allegations.

Sold 500k shares of topglove at 7.32.
Bought 400k shares of ausnutria at 12.5 in hang seng, appreciation and thanks to Teoct for the introduction to a wonderful company.

I believe glove counters are being overly manipulated and have decided to take a little off the top to balance out while waiting for the quarterly results.

Much kudos to teoct. I'll try to write an article explanation what I saw on it as a business.

To be honest, ever since I retired I have a lot more time to read and do valuation these days. The recent MCO had only compounded my time that I spend reading. I think I have been far more prolific recently on being able to look up stocks and buying stocks during this period.

Also, since I have been shooting fish in a barrel recently, it really wasn't that a hard a decision to make. The stock market has fallen to a very decent valuation recently, a lot of things are a screaming buy nowadays.

>>>>>>>>>>>

Posted by Rwkl > Apr 27, 2020 11:28 PM | Report Abuse

Wow,! The locals got wind of your position and pushed it up by 20 pct!
Anyway, Philip, mind to share what other salient points you noted which prompted this almost immeadiate action was to the first as you normally do a much through research?
It would be great if teoct can chip in too.
Thanks

He has already been proven to be a troll with no results and the stock recommendation that he has made in GDEX had already down the level of his stock analysis. There is no point in asking him anything further. All he will do is fool you with smoke and mirrors. Nothing further to learn here.

Qqq, please don't feed the trolls. Just ignore idiots.

Better use of your time. Trolls don't use logic or common sense.

Hi teoct, really much thanks and appreciate the stock tip. I bought a block of shares at 12.50hkd to monitor and view. Thanks and let me know if we can catch up one day to chat more.

Cheers and have a great week.

This is the kind of comments that i3lurker posts in a FINANCIAL FORUM. Are you in this forum to spend time learning or just to bully qqq3



>>>>>>>>>>

Posted by i3lurker > Apr 26, 2020 10:02 PM | Report Abuse

sex

Sslee, you are becoming a troll just like i3lurker. As a fellow UM graduate I feel you are no longer in this forum to learn and understand, but simply to pass your time passing snide comments. I would advise you to stop wasting time with repeated unnecessary comments that benefit no one.

As you are drowning many other investors comments to learn things, I would advise you to be a gentleman and stop.

You should post if you have something to ask or clarify.

Otherwise you will become another i3lurker with 3000 comments all of negativity, insults and useless information that is not properly evaluated or thought through properly.

Thank you.

Hi teoct, most of the time I can usually tell if a particular business is something that I would be interested to invest within the first ten minutes.

I am very interested indeed, thank you very much for introducing me to the company.

Going through the past few annual reports, I am very impressed. Not only are they a butter, cow milk and goat milk producer, they have successfully transitioned from just being an oem producer of baby formula to producing their own brand.

I am even more impressed with the fact that they hold 40% of PRC market share in goat milk penetration, but more so the fact that for a simple milk producer, they have managed to get high tech industry status, and a 3 year CIT taxation of 15%, compared to their peers like Nestle who pay 25% tax.

Yes it ended in 2019, but they still managed to get government grant to expand their changsha operations and r&d lab.

I had met a China family before that came to sabah and they specifically wanted to buy Malaysia baby formula, this was a free years back. I was surprised and I asked them why couldn't they buy back in PRC? I was told that there were many cases of fake baby formula which actually did some problems and thus there was a shortage of trust and supply of reliable baby formula.

After reading the annual reports and trade journals, I only found out that there was a huge consolidation and government crackdown on baby formula producers which had to be certified and required to maintain an international quality to be able to supply in PRC.

Looking at the latest reports, it is amazing with their take overs and buyouts of all the formula brands in the markets they currently have 39 brands, but the own I noticed the most was how they were transitioning from producing formula for other suppliers, and instead growing and marketing their own label brands neolac baby formula and kabrita goat milk.

I think the profits will not drop this year for to covid and the fact that their tax rate will be readjusted back up to 25% this year. But in the long term I believe the consolidation and barrier to entry for baby formula milk will be a growth factor.

Kudos Mr teo, I think I like it. Will do a bit more research the next few months to understand the company more in depth.

Appreciate it.

Noted and well received.

Dear teoct, I am very interested in this remark though.

"the counter (consumer sphere) has provided me with about +17% annualized, even under Covid 19 condition. Lucky, I presumed despite the analysis carried out."

Mind to share this counter which you are investing in? I would love to look it up, as I suspect you are a very brilliant investor as well. Who knows, I may join you in as well in participating in the growth of a wonderful company.

Investing in companies is not a zero sum game. Unlike options and forex, it doesn't have to be one individual earning at the cost of another's profits.

Let us learn something new everyday.

I find you very refreshing, and I can learn far more from you than many others who constantly repeat the same rethoric repeated from others.

>>>>>>>>

To buy for growth, well NO (for me at least) and that is why i divested.

Mr Philip, it is OK to agree to disagree.

Happy investing everyone, stay home and stay safe.
26/04/2020 9:45 AM

Stop referring to yourself as a third person, GDEX boy.

As for personal attacks, I am just pointing out an obvious point.

Out of your 3000+ comments, hope many were negative nature. How many were proven wrong?

I just made one simple example of your claims on 1000+ stocks better than Star, and you finally recommended GDEX. It turned out wrong. On a short term pump and dump basis you were proven to be analytically wrong. What more on long term investing basis?

We trust warren buffet because his annual letters are combined by his company results.

We listen to Peter Lynch and Howard marks not because of fancy writing but because of his portfolio results.

We listen to doctors because they have certification and medical experience.

You are trying to evaluate companies, but since you don't know what you are doing, you don't have any results to prove your thesis.

Why are you commenting and saying QL and serba is bankrupt? You are saying it is a bad investment. Sure, I can take you at face value. But what do you then consider a good investment and how have you profited from it?

It is simple and direct.

I am not doing a personal attacks against sslee or the group formerly known as i3lurker.

I am asking the basis of your analysis. And to understand your investment results that allow you to criticize with such verbiage. If you cannot backup your comments with results, then I suggest you take a less arrogant tone and a more analytical one of both the good and the bad.

QL has performed far better than all the stocks you have held over the long term. This is fact.

So end the confirmation bias.

QL deserves a deeper analysis instead of skin deep valuation.


>>>>>>>>

Posted by i3lurker > Apr 26, 2020 9:07 AM | Report Abuse

Our comments on audited financials of QL

Please go ahead and bash Ql. While you are at it, please all bash the rest of my high PE stocks like topglove (also,50 years to get back your investment), Star media, gkent,pchem,yinson, serba. My full portfolio list is here.

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


Once you are done bashing. Please show me your portfolio and teach me, explain to me how you chose better performing stocks than I did over the past few years.

Thank you.

I stop here.

GDEX. INSAS. QL.

I have tried to teach sslee this concept for a while now. But he is very stubborn, head still very hard. He still hold on to incomplete concepts are assume verbatim PE low is good PE high is bad as Bible.

Very hard to teach old dog new tricks.

But I might break through yet. He bought Star Media, a PE50 stock and if actually planning to sell it at 40.

So those who say buy high PE company is wrong, and it might take 50 years to earn back his investment in Star... Well, investing is a lot more complicated than that.

As for GDEX boy, he has a great many comments. But every single one of it negative. So might as well just forget even asking the little troll. He is incapable of making a proper valuation in stocks.

Too much bullshit.

>>>>>>>>>
but sslee..............your fear of high PE stock such as Vitrox, QL, collapsing have not played out....and that is the point....even SCIB has promptly recovered........

perhaps the trouble is not how the market evaluate these stocks....but how u evaluate these stocks..........hahahahaha.....
25/04/2020 7:17 PM

My understanding on family Mart also follows the same path. When they signed the 25 year contract to build 300 stores, it is not as simple as that.

For every area they expand to, they will need to build a centralised kitchen, fulfillment center, warehouse for deployment, the ppe and employee cost of which will be factored in today, but the earnings and revenues will only be factored in years from now in 2022, when their 300 stores will be complete and fully taking advantage of the centralised economies of scale.

The erratic cash flow in blue is a perfect example of them moving forward with building the capex first to minimize the cost of scale in the future.

Using a straightforward analysis like that leaves much to be explained in terms of building a business.

I am sad to see you go as an investor of QL, but willing sellers and willing buyers. There are many investors holding QL at pe50( including myself), because we see the growth story still intact, and large scale agriculture is one of the most stable industries out there.

If I may ask, what commodity did you switch to in the USA? I am interested to know and understand more, as you said it went up by 17% even during covid-19 crisis. Amazing!