Eh, how come layhong expert becomes dayang expert?

Post removed.Why?

Powerwell is just a switchboard manufacturer, in a market where switchboards can be found aplenty and is split by regions. Sarawak protects its own manufacturers, as well as Sabah.

So you think powerwell MSB panels can penetrate Sabah with powerco and Kingsgate around? Hardly. In Sarawak you have tytronics and many others,

In central region you have powerwell, Central switchgear, Northern you have alpha master, in Johor Southern region you have intech, brighten and many more.

You also have the Asta typetested switchboard panels from the international competitors that they have to buy from for the elcb, mccb acb like Schneider electric ( which they licensed the prisma ipm but se can sell to other competitors as well, abb and even Siemens ( for the mv switchgear) in a market where the biggest differentiating factor is simply price.

These days as long as in JKR spec everything can be used. Even China products like chint and ls.

Powerwell is listing for 145 million, at a shrinking profit margin and a revenue based that is as big as it can grow without sacrificing profits.

If you go to a m&e consultant on whether Central switchgear, powerwell or brighten panels are better they would be hard pressed to care. Switchboard and DB is only 3% of a construction cost.

The sales for panels are mostly based on debt ( and payment cycles which you won't see in detail in the prospectus), and the marketing efforts of the sales team as the prices are very standardised.

In any case I don't think the company is very good at what it does.

I personally know of a switchboard manufacturer in Sabah which has yearly revenues of 10 million and net profits of 2 million that they are willing to sell ( including factory, equipment and business license) for 15 million cash simply because they have legacy issues of handing down the business.

For powerwell to work with such low margins gives me worries about the future of switchboard manufacturing as a engineering industry. It is soon becoming a commodity business, without the easy expansion and high dependency on skilled labour.

The question to ask if they will win another lrt3 project is inconsequential. No one knows. Anyone who tells you otherwise is a liar. What I can tell you about gkent is their specialties and capabilities. Very few remember that gkent is a specialty m&e contractor that has high skill level in treatment plants, meter production, and started their rail business as a system works integrator. That in itself whole not guaranteeing projects does guarantee a high potential.

Do note that mrt2 will handover in 2022, and gamuda as the turnkey contractor and gkent as the rail system works contractor.

That is another 1 billion tender won that everyone seems to forget about.

Greed is the greatest enemy of the intelligent investor. That and the inability to calculate risk. How risky is buying and punting on insas warrants?

Very risky.

What is risk?

Capital loss.

For those who buy and hold? We look to the business itself to generate our returns, instead of the stock ticker price. If you ask yourself how George Kent business will fare 4 years from now? I can give a few clear answers:

1. They will still be net cash with positive hundreds of millions.
2. Their water meter business will be double in 4 years.
3. Dividend yield will grow.
4. Earnings and revenues will definitely be more than 400 million revenue/60 million earnings.


>>>>>>>>

Posted by stockraider > Jan 8, 2020 9:09 AM | Report Abuse

NO LAH I WAS GREEDY & NOW IT IS A BIG POSSIBILITY OF TOTAL LOSS ON WB WITH ONLY 10% OF HOPE NOW...!!

HOPEFULLY INSAS MOTHER PERFORMANCE CAN COVER MY LOST...!!


Posted by Sslee > Jan 8, 2020 8:59 AM | Report Abuse

Hahahaha Stockraider,
Managed to sell your INSAS-WB at 1 cent?
08/01/2020 3:23 PM

That's why sslee is smart, and stockraider who got 16th in the stock pick contest but didn't buy the stocks he picked is not.

Greed is the greatest enemy of the intelligent investor. That and the inability to calculate risk. How risky is buying and punting on insas warrants?

Very risky.

What is risk?

Capital loss.

For those who buy and hold kind sslee? Not so much.

>>>>>>>>

Posted by stockraider > Jan 8, 2020 9:09 AM | Report Abuse

NO LAH I WAS GREEDY & NOW IT IS A BIG POSSIBILITY OF TOTAL LOSS ON WB WITH ONLY 10% OF HOPE NOW...!!

HOPEFULLY INSAS MOTHER PERFORMANCE CAN COVER MY LOST...!!


Posted by Sslee > Jan 8, 2020 8:59 AM | Report Abuse

Hahahaha Stockraider,
Managed to sell your INSAS-WB at 1 cent?

I have added additional 1 million shares in pledged securities for gkent, now becoming top 30 shareholders for GKENT. As this will be my maximum exposure for the business as it is at the lowest possible risk position now for the returns and earnings potential, I believe the risk is too low not to take advantage. I am expecting a 6 cent dividend for the year, and increased dividends as the earnings from lrt3 start to become reflected in the share price.

Hi raint, it is obvious that the entire 16.39 billion is a 50/50 split between mrcb/gkent joint venture. At this price, even if you add 6 billion in ordering revenue for gkent, a 5% earnings increase would be 300 million or 75 million split within the 4 years. Or back to the earnings of 2017/2018 without the water meter business.

Is paying 89.5 cents for that kind of visibility guaranteed payment not good enough for you? When investing in other more gruesome companies with no guaranteed order book, huge debt and poor management return on equity seems more acceptable.

You are paying a much much lower price to get the returns that many paid rm4 to get back in the day for less visible earnings.

For HSR, I would be the first one to say hope gkent does not get it as they will bite off more than they can chew. But how are are you gamuda will get the job and not GKENT?

I am very very sure GKENT has received the lrt3 job letter of award.

But everyone treats gkent as if it has lost the job instead of winning it.

But in any event,

Dear raint

How much do you think gkent will earn from lrt3 job? 50 million, 60 million, 70 million?
If at 89.5 cents you can get 6 cents of dividends, what will you pay for gkent if you can get 10 cents earnings for the next 4-5 years? And when gkent water meters increase from 24 million to 48 million a year in earnings? When v110 meters are some in 26 regions under gkent brand and local production center in Asian countries to compete with US Honeywell brand competitors?

How much will you pay for GKENT when it is earning 100 million a year or 25 million a quarter?

What will gkent be worth to you then?

Still nothing? Well I have made my choice and have decided to double my exposure.

Why do you mean it isn't going to cut it? So when the price goes up to rm2, suddenly it cuts it?

I am reminded of investors who won't touch anything .com related when it crashed, but were able to believe any story during its heyday.

Perception is everything.

Luckily, I have financials to meet the images.

Malpac63 doesn't have any shares in gkent. He is obviously risk adverse on gkent due to "old news". The fact of the matter is, gkent share price is beaten down to a low price due to the fact of najib golfing buddy rumours ( despite them bidding transparently on the lrt3 revert with them neither being the cheapest or the most expensive, just with the most complete solution). It is also beaten down with "old news" of lrt3 deployment delays and possible cancellation due to overpriced budget ( before the new government novation agreement).

The question now is: once you factor in the old news, is gkent now currently undervalued or fully valued at 500 million ( lrt3 16 billion, net cash 210 million, positive earnings yearly to pay dividend of 7%).

Unlike many government crony which are unable to stand without government projects, gkent has water meter business on top of rail contract.

And the fact is they have a huge rail contract worth 16 billion which is more than many major companies in Bursa order book.

Guaranteed payment.

Undervalued or overpriced? At 7% sustainable dividends, you make the choice.

In Howard marks mastering the market cycle, the question gets asked:

At what point does pessimism become absurd? When the horror story become overdone?

In times of extreme risk aversion, it will cause prices to be as low as they can go and no further, this the risk of loss to be minimal. The riskiest thing is to believe there is no such thing as risk, by the same token the best time to buy is when everyone is convinced there is no hope.

The point is this. In a negative environment, excessive risk aversion can cause people to subject investments to unreasonable scrutiny and endless negative assumptions.... At just the right time when they should be worrying about missing out on great opportunities.

For any other company, if:

The company has a 4 year major project worth 16 billion order book guaranteed by the government of Malaysia, with expected EARNINGS double market cap.
Pays a dividend of 7%
Bought back 5% of NOSH
Has a nett cash position of 210 million
Has international exposure project wins in Singapore and Hong Kong versus international competitors

You would give it a high multiple. But because it is assumed that they are ex golfing buddies with najib and the share price has dropped from the high of rm4 you assume the worse of gkent.

But hasn't Lim Guan Eng and Anthony loke signed a Novation agreement? Would golfing buddies ( like IJM) have received major government contracts? No?

So what is the problem then?

At what point does the limits of negativism become obvious?

Within the next 4 years I expect to see better resolution of assets and increasing profit margins compared to just 6% as PDP thanks to GKENT redesign and redeployment of sub contractors.

KUALA LUMPUR, July 9 — The light rail transit line 3 (LRT 3) contract worth RM1.12 billion earlier awarded to IJM Corporation Bhd has been terminated due to the project being remodelled.

The company said wholly-owned subsidiary IJM Construction Sdn Bhd (IJMC) received the notice of termination for the underground works from MRCB George Kent Sdn Bhd (MRCB-GK) yesterday.

“The termination was due to the project being remodelled from a project delivery partnership model to a fixed price contract model pursuant to the direction of the government. The new contractual framework has resulted in MRCB-GK’s employment as the project delivery partner (PDP) under the PDP agreement with Prasarana Malaysia Bhd being terminated.

What does this remodeling tell you? Prices must come down and all government cronies must go.

And the best news? Gkent can do as they see fit without relying on feeding any political groups.

If they complete lrt3 project in time and on budget by 2024, they will increase the reputation and name of gkent ( as well as PH as shrewd negotiators and costs reducers reducing project costs from 32 billion to 16 billion). They will get good background and skills in dealing with a MEGA project that NEEDS TO BE COMPLETED BY 2024.

That is why unlike many investors I do not wish for them to secure more projects that they are unable to complete as they already have their PLATE full as a main contractor with a 16 BILLION DOLLAR PROJECT.

For a company with market cap 500 million which is smaller than many major companies like gamuda, this project is already big enough that I wish them all the best, focus on completing the project as efficiently as possible, build that brownie points with the new government to show they are better than the old one, and grow from there. The rewards are already on the table.

Why hunt for more?

LRT3 PROJECT FIRMLY BACK ON TRACK, COMPLETION IN FEBRUARY 2024

Friday, 23 February 2019

Kuala Lumpur
KUALA LUMPUR, 22 February – The LRT Line 3 (LRT3) project, which has been a subject of huge debate in mid-2018, is firmly back on track as it marks a major milestone today with the signing of the Novation Agreement for LRT3.
Signed between Prasarana Malaysia Berhad (Prasarana), MRCB George Kent Sdn Bhd (MRCBGK) and nine Work Package Contractors (WPCs) at Prasarana’s corporate office in Bangsar here, the novation agreement is pursuant to the Fixed Price Contract that was signed between Prasarana and MRCB-GK on January 25.

The Novation Agreement will allow the WPCs to migrate from the previous Project Delivery Partner (PDP) regime to the current Fixed Price Contract regime where MRCBGK is now the turnkey contractor while Prasarana takes the role as employer for the project.

The Fixed Price Contract for LRT3 was drawn up in line with instruction by the Ministry of Finance on 12 July 2018 to reduce the project cost to RM16.63 billion.

The signing of the landmark Novation Agreement was witnessed by Finance Minister, YB Lim Guan Eng; Transport Minister YB Loke Siew Fook and Minister of Federal Territories, Tuan Haji Khalid Abd. Samad.

Prasarana was represented by its President and Group Chief Executive Officer, Dato’ Mohamed Hazlan Mohamed Hussain while MRCBGK was represented by its LRT3 project director Patrick Hwang.

The nine companies signing the agreement today are infrastructure WPCs. They are
Mudajaya Corporation Sdn Bhd
WCT Construction Sdn Bhd
Gabungan Strategik Sdn Bhd
APEX Communications Sdn Bhd
Rahimkon Sdn Bhd
Sunway Construction Sdn Bhd
Pembinaan Jaya Zira Sdn Bhd
SN Akmida
Trans Resources Corporation (TRC) Sdn Bhd

Connecting Bandar Utama to Johan Setia in Klang, the completion date for the project under the new agreement is set for 28 February 2024.

"I would like to clarify that Prasarana only has to pay RM760 million and not RM808 million as previously reported in the media last month," said Finance Minister Lim Guan Eng at the signing of the agreement. Work amounting to RM48.6 million had been rationalised, he added.

"From that RM760 million, Prasarana has already paid MRCB-George Kent RM504 million. The remaining RM255 million will be paid to the WPCs after (today's) signing based on the terms that have been agreed on," Lim said.

Meanwhile, Prasarana president and group chief executive officer Datuk Mohamed Hazlan Mohamed Hussain explained that payments had been made following the signing of the fixed-price contract for LRT3.

Lim said RM381 million had been paid before the signing of the fixed contract agreement and RM123 million after it.

Just as a further explanation to Jonathan choi yi kit,

Some info on the difference between pdp and turnkey contractor, the results for mrt2 should give further ideas on how much profit there will be on the table.

PETALING JAYA: The change in the terms of the contract for the MRT2 project whereby the consor­tium of MMC-Gamuda Joint Venture is to complete the works on a turnkey basis marks a shift away from the Project Delivery Partner (PDP) model that the government adopted for large projects.

MMC-Gamuda was initially awarded the PDP role in the MRT2 project in February 2014.

As a PDP, MMC-Gamuda had to ensure the project was completed on time and within the cost determined by project owner MRTCo Sdn Bhd.

In return, the PDP earns a fee of about 6% of the total project’s cost and reimbursed for some expenses incurred.

Under the turnkey model, MMC-Gamuda is the main contractor and is responsible for seeing that the project is completed and handed over to MRT Corp.

The turnkey contractor takes the construction risk and the returns are based on how well the project cost is managed and not confined to 6%.

The turnkey contractor also undertakes financing risks as it has to pay sub-contractors’ claims from the project owner later.

In the PDP model, the payment comes direct from the project owner, either MRTCo or Prasarana.

“The turnkey contractor model helps the government save money as it does not need to pay the 6% PDP fee on top of the construction cost,” said a contractor.

How bad does a company need to be before it becomes too cheap not too buy? If you are looking for tenders, they have already won Singapore and Hong Kong tender for 3 years running. Lrt3 is a 16 billion multi year project, and even without those tenders, they are still profitable and have big earnings without the need for a golfing buddy.

Time will come.

Stockraider have given up and replaced by insasman.

Netx not in ncfp1 fiberisation application licensee list sorry. So you are wasting my time with your incessant promotion.

On theb other hand higher feedstock prices leads to higher product seeking prices meaning increased revenue and earnings. Go see past results and tell me I am wrong.

More importantly PIC softstart starting this year q1. If all goes well and no production issues, full ramp up by end of the year.

Increase 3.3 mpta, and new products from da Vinci acquisition will show multi year increase in profits and revenue in the years to come.

Too bad Calvin always stays too long and leaves just when stocks are reaping the rewards from their investments.

He left carimin long before it went limit up. He says so himself.

He was embarrassed by investors in jayatiasa for claiming results which he did not even take advantage of:

/12/2019 9:04 AM

Tom I remember few weeks ago calvintanend said sell into strength, now he says 1.00 Chun Chun....lol what a nasty liar

If he knows 1.00 Chun Chun, then why he ask ppl "sell into strength"(his so called sell into strength)

See the logic? Lol

===
Posted by calvintaneng > Dec 11, 2019 1:42 PM | Report Abuse

Excellent rise

Jaya tiasa or Giant Treasure

Clap
Clap
Clap

Time to sell into strength and switch to Nfcp bull run stocks like Netx, Opcom, Redtone and sacofa(cmsb)
27/12/2019 10:25 AM

calvintaneng Oh yes I made a wrong sell call on jtiasa

Good for you guys still holding

So embarrassing always change story especially when his lies get caught.

If he stays put longer instead of promoting this and that every day he might actually make more money.

As to his real returns? You know I know la.

When a forum members report any posts by investors on the other side of their view, it stops being a forum and starts being propoganda.

In either case what is the use of deleting my posts? If netx makes money then it makes money,

But fact remains, netx is not in ncfp tendering lists, despite all of Calvin tan claims.

And worse, as a sub con, do you think netx will actually make money?

It never has.

Post removed.Why?

No insas? Talk sohai but no trust in your pick? Isn't it supposed to go to rm1 in February? 1.20 by end of year?

Sounds very believable until you look at the figures

If your goal is to be a fund manager then better to be invested in stock market otherwise what is the point?

If your goal is to hold cash, then you are not doing your job.

If you are not doing your job in finding alpha, so you think you should be taking millions of dollars of professional fees as Charlie munger likes to put it " sitting on your ass" doing nothing for the investors.

The share buyback scheme is impressive, especially when the is no private placement warrants or esos in the horizon...

So far in the past year it has reduced net outstanding shares from 555 million to 538 million outstanding.

Paid out 32,913,000 in dividends ( from net profit of 53,067,000 sustainable earnings),

Company also has 210 million in net cash, against a 524 million market capitalization.

In terms of margin of safety this company is solid.

On top of that it has partnrrer with Honeywell on the smart water meters which has already lead to more addressable market regions, expectations within the next few years is to increase the water meter sales from 90 million revenue/22 million earnings to double that amount in the next few years.

And we are still waiting the revenue and earnings from lrt3 which has started this year.

All we need is patience.

With a plantation profile of 50% aging trees (15 years and above) in need of replanting, they will be enjoying the increased cpo prices at absolutely the wrong time.

In addition to that 25% of their revenue came from a customer which decided to build and produce their own production lines to meet the demand.
They are scrambling to meet an entire year of bad luck.


Investhor if you want to buy and push this stock to i3 investors you really have to try much harder, this has been a bad company for years, and the cpo price runup is not going to be sustainable.

But the poor management capability is going to continue for the entire length of time that you hold this stock.

Id advise you to sell and avoid this stock.

Why be worried? When it happens it happens. If not q4 the 2020. The structure is already complete, Aramco has already started the charters to deliver oil to PIC.

When the revenue starts coming in, the discount year will be ongoing.

One thing it will never be is another lctitan. The production costs are too lucrative with such a large centralised production and refining center, the cash hoard too big for them to cut corners and be cheap, and the addressable market is too large to be ignored.

In investing patience is all that is needed.

Sell all NETX buy layhong

It seems sslee thinks I have made a mistake on my long term (5+ year timeline)investment into pchem and gkent based on 6 months results. We shall see as this year IPIC goes over and gkent starts to get visible claims from lrt3 engineering.


>>>>>

Posted by Sslee > Dec 15, 2019 9:52 AM | Report Abuse

Hahahaha
What a wonderfull change in one year. Now Koon, lcon8888, OTB reclaim back their stock god title and philip admit defeat in his Pchem and Gkent buy call. Congratulation

Yes, and stne is by far my biggest holding compared to my bursa counters.

Why hlb Vs pbb? Because it's a 1 year stock competition. Investors like to choose the smaller market cap stock with the hope of bigger growth potential versus the bigger stock.

Plus, in the cycle of things, public bank is fully valued, with a superbly efficient 25% and 13.6% roe. You know how I value roe? I also value net profits and growth opportunities.

Currently right now, Hong Leong Bank is performing admirably well on those fronts, and I expect them to grow as fast I thought public bank would do when I invested in them long ago.

Y zero picks for netx and so many picks for yinson? Oh no....

Sell all NETX buy t7 global

I normally don't go into such details first, quantitative study is usually only required when you have understood the business you are in properly and wish to investigate further.

Just a simple net profit / (assets-liabilities) should give you a quick ideas of the basic ROE for you to analyze further.

Everyone has a standard method of estimating good companies. Some choose margin of safety (PE), I prefer to choose production efficiency ( ROE).

But you have to note that you cannot simply use 1 metric to define everything, investing is no so simple as that.

Sadly klk and jayatiasa don't fit the outstanding company rule for me.

Also another key criteria that I look for in good business is a high return of equity.

In qualitative terms roe is basically the companies ability to generate profits based on the capital they have. The better the returns on capital, the more efficient they will perform over the long term.

A company that is net assets ratio with the net profit will give me a figure of how efficient the company can make a profit versus it's peers or similar companies.

Any company that has a roe below 8% I usually don't bother with.

Most investors use simple metrics like PE ratio to define if a good is stock or not, as I have written about in my previous articles blog, PE ratio is does not actually tell you if a company is any good or not, all it does is tell you how much investors are willing to pay to get the stock.

I prefer to look at the business first, and roe is a far better indicator usually to let me decide whether to spend more time understanding the stock.

K

I wouldn't call owning 22,000 hectares of plantations as well as owning boilermech to be side priority, but you are right, the synergy if ql is why I kept buying year after year.

>>>>>>>>

QL has a very small segment in plantations, and looking at it CPO is a side priority

Hong Leong bank is a very efficiently run bank which merged with eon bank term years ago and made a losing bank profitable with clean and strong loan portfolios ( similar to public bank). I believe hlb would a be a much safer and intrinsically strong bank due to smart deals and no bad loan portfolios.

The most interesting thing to learn is the founder and owner of hong Leong bank who is also a developer, even he does not want to borrow loans to developers. I am confident in their high quality of their loan portfolios.

And I see they will only grow further.

I wouldn't touch jayatiasa with a ten foot pole. Have you ever been to kapit before my young friend? O or visited one of their lumber mills there? If you have ever done so you would notice sibu, kapit and those surrounding areas have timer companies which have been double dealing and cheating investors for years. They invented the term double invoicing, the foochows, and when you notice Lorries and trucks coming in and out in the middle of the night then you realize how the management can lose money but still have busy full of workers.

I remember a very interesting fact, if you all any customs staff from Sabah and sarawak, the moment the declaration is done by a Singapore shipping company, an immediate customs tax is increased by 30%. Pay first appeal later.

This was because there Singapore companies would help underdeclare and create fake invoices for those companies to allow them to export out and make a lot of money from the trusting shareholders.

That is why one lesson I always give is to look beyond the financial report and balance sheet and try to understand the business itself before you look into the financials. I have never liked the tiongs or their management style, and I value management capability a big criteria in my investment analysis.

Do you know the sales is to pay for their yearly dues and upkeep for their foundation? They only sell that amount every year to pay for all the projects and upkeep for the foundation members, all week enjoy a bigger and bigger value for the share sold.

But how much disposed and how much kept? That is the big question to ask. How much shares does the chia family still hold?

Valuation is a very interesting subject in light of no concrete results and returns from the earnings of power plant generation.

You have:

1. irr and estimated returns from ALP.
2. Irr and estimated returns from CFO.
3. Irr and estimated returns from dk66 based on other managed power plants.
4. Estimated figures from kyy( when he was most confident and when he was most negative) otb, hlbank and other fund managers.

All seem to be different from low to high range.

I would love to balance the scale, if only I have the first quarter results from power plant generation to use as base performance valuation.

If we keep everything to jaks, we have the realities versus the estimates.

I think I prefer qualitative margin of safety to guide my estimates.

One lesson I did learn is how to tune valuations to meet the requirements.

Dk66, otb, other fund managers have positions in the stock, their valuations will always be rosy. I suffer from the same tinted glass view, the need to prove my thesis is correct.

ALP wants you to buy stock, he will give you good estimates.

Kyy has ego in being played out on this stock, bad memories, bad valuation.

CFO is in charge of the finances and cash flow, his estimates are based on his need to cover his ass from losses. He sold.

My valuation is based on whether I can get 20% growth continuously for the next 5 years, and risk I am willing to bear to hold the stock for multiple years through severe volatility.

I choose to sleep well at night.


>>>>>>>

lets not blindly discard the other side of the equation...the valuation part.


the balance weighing scale has two sides

In a way kyy did not say don't buy jaks. He said don't buy jaks now, but buy it when there is more clarity on the business entity jaks.

This part I totally agree.

Everyone who buy jaks now buys it on the certainty that the power plant will complete and handover and run handsomely.

At 85% completion, it will very well complete and run.

But my perspective from discussion with cfo is this.

The power plant is not a spin off or a stand alone company with clear cut revenue generation and dividend repayment to is shareholders.

The power plant is simply a revenue machine for it's owners, Jaks, which has many commitments and burdens and many unclear results. There profits and returns are all assumptions, and will only be clear when you finally see the earnings report, which will let in between the most positive projections and the most negative projections.

Kyy did not say don't buy jaks. I paraphrase:

" You should only start to buy when it can show increasing profit for 2 consecutive quarters from its power generation in Vietnam.".

This makes perfect business sense to me, Pacific Star, evolve mall, power plant up to today is all projects which generated zero positive cash flow or profits to the company. Why not reduce your risk and wait for completion as due diligence? Why go for big money when you do not have clarity on jaks the company ( instead of just power plant)?

I remember the old days as jaks when they were just a steel pipe supplier to gkent for the water projects in Sabah and sarawak. They were profitable for a while before alp father Ang kan seng doing water business lost the battles to WEIDA and gkent for the miri centralised STP project. They dropped the business and were quickly trying to find new ways to generate cash flow with varying success.

Many did not recall that the ipp contract was signed in 2011, and took a very long time to complete. Still uncompleted.

Many do recall that the star Pacific is 4 years delay. Still uncompleted.

Many do recall evolve mall is empty and quiet and they are looking to sell the entire mall to the first taker with interest. Since 2016 with zero takers and no cinema. H&m closed shop and moved. No about tenant other than Jaya grocer.

So, what kyy said is in a way correct.

When uncertainty abounds, remember lesson 1 and lesson 2. Never lose money

For those that won big from 0.49 to 1.25 I salute you for your courage and wish you make tons and tons of money in 2020. You are a far more brilliant investor than kyy or me. Let's see that cash pile grow every year.

Hope everyone has a big year ahead.

But when someone who has made money ( like kyy) comes out with his remarks, think and ponder and just educate yourself on the words instead of being angry someone is trying to bring down your stock.

You are neither right or wrong because people say you are, you are right or wrong when the business results return and earnings say you are.

In this case not the power plant you are buying when you invest in jaks, no: when you buy stock code 4723 you are investing in a CFO which sold his shares in jaks very early, a management which took 10 years to complete a 1200mw power plant, the liabilities and tribunal claim for star Pacific mall, the interest and loan coverage and repayments from banks evolve concept, and most of all the ability for current management to change its penchant for delays and problematic business activities into consistent production and multi year earnings growth in the years to come.

That is the key criteria when you want to differentiate between investing and trading.

Don't count your chickens before they are hatched.

That is all kyy is saying.

Haha, this year is the year of sustainable living, plus I think the plantation stocks have run far ahead of the price recently, even my QL was dismayed l speculated for a while to 8.60 before coming back down to earth.

Haha you think it should be higher?

Haha I will seek to grab your spot in return then. :)

Hi Mr tan, I have created my portfolio for you to monitor as per your rules and regulations for the game. I hope you can insert me into the most, even though you have closed all open slots as of now.

https://klse.i3investor.com/servlets/pfs/131145.jsp

Hi Mr tan, I have created my portfolio for you to monitor as per your rules and regulations for the game. I hope you can insert me into the most, even though you have closed all open slots as of now.

https://klse.i3investor.com/servlets/pfs/131145.jsp

Hi Mr tan kw,

My stocks for 2020:

Gkent 20%
Pchem 20%
Ql resources 20%
Hong Leong Bank 20%
Frontken 20%

The hallmark of a true successful investor is to be calm, level minded and unemotional in investing.

If you really did not create those ID to promote, then I truly apologize.

But in the end, it matters not what the crowd thinks about you.

It is the long term performance of your promoted stocks that define who you are and your investment philosophy.

If your goal is truly honourable in setting up WhatsApp numbers and constant incessant promotion of your micro cap stocks to mutual profit, then I commend you and salute you.

If your goal is to be similar to Jordan Belfort,

To buy stocks first, then promote the hell out of it to ask your WhatsApp numbers and forum community blog postings and Johor friends and sell at a profit and dump the stock to unsuspecting, trusting investors who soon learn what a shitty investment long term is of the many ( majority) of the stocks you promoted in 2019,

Then you have only to answer to God for this.

An I wrong?

You do not have an interior motive in writing articles and WhatsApp messages to get investors to buy into TALAMT, sasbadi, your maybulk and such?

If you can swear on your honour as a Christian then you have not once bought first then promote articles in your stock investment, pump, then sold the stock you promoted, and let your WhatsApp/i3 forum know when you sold it,

Then I will apologize, delete all my articles on you and keep quiet.

That is the CRUX of the matter.

If Bursa can do it for major shareholders ( for the benefit of us minority shareholders), why can't you hold to the same level of accountability and respectability?

Calvin tan is properly deleting and reporting all of my posts which is of intellectual and not of spam nature. So shameful.

>>>>>>>

Philip Greta You must also be honest and view the share buyback and the dividend yield which is growing with every dividend I collect at 7% which is sustainable and coming from profits and retained earnings.

You throw so much money into netx which is diluting shares and using private placements to generate " cash".

But it is a company which has never made a profit, losing money every year, with no cash flow and taking investors for a ride.

You buying netx alone shows your investment philosophy which is promote, market, pump and dump on unsuspecting followers.

Your portfolio alone shows the quality of your investment.

How can anyone with 40 promised stocks in 2019 alone enter be taken seriously?
29/12/2019 5:11 PM

Philip Greta Fyi before my retirement last month, the company I worked for was a new nominated subcon for gkent for the m&e control system.

As it is right now, the previous price was skyrocketing due to crony company selection, based on overly expensive specs.

You are right as a PDP they don't care as their profit is only a consultant of works, guaranteed percentage no matter how high the prices goes.

Today however is a different story.

A fixed price has been given, and gkent full leeway in choosing the best and most efficient subcons, instead of crony linked companies.

One of the best stories is :

https://www.thesundaily.my/business/ijm-terminated-as-contractor-for-l...

Which I thought was funny when ijm got the project for 1.1 billion ( which coated around 400 million).

Now as a main contractor, the fixed negotiated sum is 16 billion.

Gkent has cut and removed the additional lines, underground stations, redesigned certain aspects, as most importantly terminated bad contracts to more cheaper ones from their China partners.

I was there at the revised meeting, and based on the new design, profit aplenty for the 16 billion cost. Quite filthy actually, reduction from 32 billion to 16 billion without the need to pay LGE any pocket money. Everyone is happy now that work has started.

Again, the advantage of an engineer who is a clerk of works versus armchair analyst.

One important piece of info, last time they had to go through certain bumi companies who would sub the job to us. Now they bypass that and hire my ex company directly. If you don't see the profit margin expansion in that sentence alone I won't bother explaining further.

Post removed.Why?