How to cheat? It's in the chart. You both really half past 6 investors. It's all in record and on chart. This part can't cheat.

Not like some people who boldly claim no dividend to cheat new investors.

And over boldly claim dgsb price doubled in 1 month loud loud.

Sorry loh, my bad.

Stockraider you forgot you are also in the list right? With your INSAS. I think it was 0.67 before. If not mistaken. Again I don't keep record of lousy company prices...

I don't keep a record of lousy companies prices, I only memorize daily prices of stocks I own.

Apologies for that. In either case very easy to investigate just look at 31st dec prices of stocks.

How to run? It's on the price chart. How to cheat on that?

Fine. I don't dig around like a eager Beaver. Up to you. Important things don't research, childish things you do eager to remember. Really ex office boy mentality.

0.93 mnrb

6.7ql

You are the one who seem to disappear for a long time whenever your stock picks go south. I'm not hooded by emotion. You can play whatever stock game you want. I invest for real. Not with imaginary money.

Up to you 31 Dec 2020.

How many lots of mnrb do you actually hold CharlesT? You seem to not know the stock very well.

Another half past 6 investor. Good earnings results? Really? How much share dilution happened in between?

This is like your dgsb where you thought INSAS subsidiary suddenly jump in price from 6 cents to 12 cents.... So funny I cried. Luckily one of the newbies decided to spare you of your misery and tell you it was a 2:1 consolidation... So now your dgsb is down 4 cents instead.....


>>>>>>>>>>

stockraider The latest earnings of MNRB

You seen to have forgotten the 2 year bet to compare performance of ql vs mnrb and INSAS. Maybe you can look back again? Final date 31st December 2021. Or you forgot?

Performance of
Mnrb 0.97
No dividend this year

QL 6.7
Ql added 4.5 cent dividend this year.

Although i have no idea how it will be a fair fight for you looking at the 450 million rights issue that was raised, more to come to hold your share price down. Not to mention high interest rate in your sukuk investment.

Just out of curiosity, how many lots of mnrb do you hold? You might want to thank me after switching to pchem and gkent instead. Since you hate QL so much.

This is the kind of investor I try to avoid. Drop 10 cents say share price collapse. How to make real money with this kind of investing attitude?

>>>>>>>>>>


stockraider Learn from the lesson of Gkent loh.....!!

U need to lari kuat kuat, like the case of raider sold all gkent at Rm 1.26 b4 its price collapse loh....!!

Same lesson applies to QL too loh....!!
01/06/2019 5:10 PM

I am holding and will be holding QL for the next 10-20 years exactly because I can reasonably predict how the business will do long term.

CharlesT your ego and pride is boundless for someone with no portfolio.

Philip's prediction on Q4 : RM 1 Billion sales net profit RM75M (7.5%)
Actual Q4 result : RM 0.898 Billion sales net profit RM43M (4.3%)
01/06/2019 4:41 PM

I was predicting Q4 to trail q3 results. Yes I targeted 240 million profits, actual results was 216 million. I was off by 24 million for year end. But still higher than 2018 profit of 206 million.

How many businesses do you know of that you can have a clear picture of earnings and revenues?

Did you predict losses quarter for mnrb?

Did sslee predict drop off profit in INSAS and inari?

If you want to copy, copy my entire sentence please.

I predicted 1 billion of revenue, 75 million net profit this quarter. How many IB analysts can be that good?
>>>>>>Q3 btw>>>>>>
Sadly though, my next prediction will be not so good for QL. It will still be profitable, it will still grow. But the fourth quarter will be slightly less profitable than December quarter. Target is 240 million of earnings to close out 2018 financial year. Which will be more than 2018 profit of 206 million.
>>>>>>Q4 results>>>>>
Believe me?

>>>>>>>>>>>

Half past 6 investor I was talking about Q3 results and reduced q4 results of QL. I was right here as well.

I have no interest in being a stockgod or selling buy calls or subscription.

I am very very different from KYY.

My posts are to show my investing method and to track my investing results long term.

You are right, if I had started posting in 2013, maybe you would have trusted me more.

So start from this year then, you can forget my investment in QL and topglove etc.

Monitor and evaluate my long term investment in gkent, YINSON, PCHEM. Don't work I will edit on my portfolio each time I top up every quarter and I will inform everyone as I sell my shares.

If I don't do well you can laugh and abrade me all you want.

But I am being as transparent as I possibly can.

Would be great if you can do the same thing with your investments.

Seriously you should stop relying on apps and charts and subscriptions from banks and their free stock advise.

I recommend you read more on annual reports, trade journals, quarterly reports. You will get more pertinent information that way.

Don't be a Stockraider and a Calvintanengyee.

Half past six investor. Only know how to argue, but no sense in reading first then asking relevant questions.

>>>>>>>

Posted by CharlesT > Jun 1, 2019 4:52 PM | Report Abuse

Oh my bad...I made a mistake on the div...it didnt appear in my apps

CharlesT apparently you are the only troll in the room. No one has asked you to buy QL (or not).

QL's management said they are confident that the group's FY20 performance will improve against FY19, barring unforeseen events.

What more do you want? Chicken egg and fish and convenience store is the easiest business to understand. Growth is there, profit is there, but your only complaint is too expensive.

Then you can go all in on your mnrb with icon8888, sailing all your money in. Pe:3 right… sure is a good business. Why losses in quarter you also don't know. Reducing revenues and profit you again unaware what happened. Share price drop from rm2 to rm1, 50% losses in capital invested. Good luck with your 67 company ( your words not mine).

Posting this here to show how silly this remark is.

https://www.theedgemarkets.com/article/ql-resources-achieves-11-growth-4q-net-profit-pays-45-sen-dividend

If you want to troll, troll elsewhere. Information here is very easily available.

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

CharlesT Congrates Philip, u made Rm1 million from QL...

Ops sorry...u save Rm1 million indeed......

Q4 no div..
01/06/2019 4:36 PM

The biggest problem you may have is the inability to judge risk. Why should all stocks be rerated upwards? We need to measure risk vs return as a choice of how much premium to pay.

Apples vs oranges indeed.

Why are some people offered 12% per annum personal loans while I was offered 2.89% loan from hap Seng credit to buy agricultural machinery?

Why does bumi armada pay 8.3% on their term loans while QL with 1 billion in loans only paid 48 million in finance costs in 2018?

Banks are falling over themselves to borrow money to QL at low low rates. Why is that?

Probably the same reason we hold QL at pe50.

Safety of investment.

>>>>>>>>>>>

Undi_PAS If PE 50 is fair why not all stocks rerated upwards? Why only QL?
01/06/2019 3:03 PM

Exactly. If wanted to compare should compare peers, if size and integration level got cp foods and japhtra to compare with. Tyson foods and NH foods.

If want to compare in bursa similar bisness compare with layhong, cck, lhi, teoseng etc. That would be more fair comparison.

But once you do you will quickly realize the level of efficiency shown by ql and their right management in growing new business units like family mart, seafood, frozen surimi processing, later farming etc from just a simple feed mill operator.

Then the meaning of the word quality management becomes clearer.

>>>>>>>

i3Value Compare QL with Public Bank??? Bank is industry totally difference from all other, waste time compare. Can never achieve anything from this comparison
01/06/2019 12:47 PM

Ok I will stop replying now. This is like SSLEE level of taking things out of context and putting what they already assumed into their thought process.

ICAP business and QL are so different and far apart it's not even in the same universe.

One is backed by organic revenue growth and results, the other is simply a scam.

I think you are just another troll. Have a good weekend


>>>>>>>>>>

FYI i did interview some major shareholders in ICAP asking why they keep on holding their shares n guess what they replied?

Hardly. You can interview to top 30 shareholders and ask them why they don't sell they shares to buy mnrb.

But don't ask liu sin, he has Ajay designated his shares to give to his kids. Not selling a single one.

As am I.

>>>>>>>>>>

To me it seems u are the only one who knows...
01/06/2019 12:30 PM

This year ql revenues is 3.6 billion, last year 3.26. I leave you to do the math of revenue growth percentage.

And if you are thinking of earnings growth, I leave you to all Warren buffet why they buy Amazon with subpar earnings growth for many many years.

6. When investing we should always buy for the future growth and returns, and not the past.

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

CharlesT SO QL (PE 50+)with its 5% growth is still better than PB Bank (PE 15+)?
01/06/2019 12:25 PM

Probably not. Those are all material information given by management, and all included in their annual reports from 2013 onwards. Layer farming in Vietnam, Indonesia replication and Palm oil expansion . Sales of frozen seafood to Australia and Japan, meeting stringent export criteria and international ISO license and cold container ship export licenses.

If you have to ask to share here, meaning you do not know why QL is pe50.

I would much prefer to keep it that way.

You may continue to invest in your mnrb which has good profits as well and p/e of 3.

>>>>>>>

Care to share here?
01/06/2019 12:21 PM

Yes. I held close to 500k shares in public Bank before I sold it all to invest in PCHEM at 8.15-8.32 in February.

https://klse.i3investor.com/blogs/philip6/193465.jsp

How many shares of pbb did you invest in?


>>>>>>>>

CharlesT Do u have any idea what is PB Bank's growth for the past 10 years?
01/06/2019 12:15 PM

Proven and documented.

>>>>>>>>

SO far any proven results?
01/06/2019 12:14 PM

What is the possibility of public Bank growing double digit for the next 10 years? What is the possibility of public Bank adding new income streams like Hong Leong into industrial, construction etc and doing it efficiently? What is public Bank track record in expanding into Australia, China, Japan, Vietnam, Indonesia?

If you tell me public Bank management told you they have a plan to grow revenues and business units with double digit revenue growth every year for the next 10 years, and they keep to their promises, then yes I am sure market will follow them to pe50.

Price earnings multiples are due to market confidence and perception of long term earnings of a company.

PB bank can expand and replicate business into foreign countries easily?

Also CharlesT I am an ex long term investor of PB bank, so I have confidence in on durability, and not pb growth.

That is what is missing.

5. QL will able to replicate its business units in foreign countries and dominate due to economies of scale and superior management.

So can QL achieve these profit growth for the next 9 years? And where these profit growth will come from?
>>>>>>

You keep asking the answers for this questions, even though management and myself have already explained many times since January.

Whatever answers given by management you will keep finding fault with them, simply because you have a pessimistic view of QL future, whereas those who have participated and are well compensated in the growth of QL dividends and performance growth are very positive ( this willing to plunk pe50 to buy this blue chip company).

It is a waste of time to argue further with someone who would not even have the ability to move the meter in ql shareholdings or even buy 0.1% of QL market share, so I will no longer try.

All I can tell you is:

1. QL will not lose money.
2. QL will continue to grow its business every year for the next 20 years.
3. QL will not go bankrupt.
4. QL will not invest in stupid cash burning forays with no return
5. QL will triple the number of family mart stores in Malaysia.

I think the only one emotional here is you SSLEE, ever since I compared your investment in xinquan and INSAS as rubbish you have been seeking more and more out of context assumptions to try to explain how not investing in QL is the best option.

Yes we get it. You are not an investor in QL. You are an investor in INSAS and xinquan, losing hundreds of thousands in the process.

You seem to think that investors that value QL at 11 billion are silly people. And yet the business fundamentals are so strong and the management are confident of double digit growth for the next 10 years consistently with very low risk of bankruptcy, debts and cash burn off businesses.

I wish I could convince your mind on what constitutes a good investment is more than just charts and balance sheets. But alas, you seem to think that you know far more than those who have invested in the market for far longer than you have.

Therefore Mr know it all, please continue to invest in your INSAS and xinquan and continue to believe only in what you can see on paper, but not what the business itself is doing and it's competitors, rivals and pets are doing.

Good luck in your investment, you seem to know what you are doing.

Please continue talking crap while I enjoy my dividends. My QL stock has split shares and bonus issues so many times, but the dividends still continue on unreduced.

The good thing about investing in a 11 billion dollar company is no more how much noise and bullshit spewed by Calvin, Stockraider, Charlest, choivo and ask the rest, NO ONE CARES.

The business is as solid as ever, as srong as ever, as balanced and we'll managed as can be.

Sslee is truly finding items out of context because he cannot find any fault in QL investment other than being too cheap to pay up for wonderful companies.

Calvin tan would rather buy and hold TALAMT long term since 2016 than buy QL in 2016 and hold until today.

CharlesT..... Is a wealth of useless information.

Guess who the only long term QL shareholder is amongst us? Thank God in between I didn't invest in hengyuan, protasco, xinquan, and many other losers.

Biggest problem is not what you said. For me I believe the biggest problem is the fact that they are in debt of rm400m, and have to service that debt with 32+ million in interest payments alone every year.

NTA valuation for construction/developer companies must be taken with a grain of salt.

Valuation price is based on last done price in the particular area and depends also on the valuer support in giving you a good price.

However that price is not the real market price, because if it was it would be selling like hot cakes and everyone would be rushing to their money in.

However, value of the condo may be 1m and banks are willing to bridge loans base on that expected value, but are savvy young investors and families willing to pay big bucks to buy that house?

If it was easy to sell, it wouldn't be languishing in the receivables column for years on end. Assets held for sale.

Everyone these days look at NTA wrong. Sad and dangerous.

>>>>>>>>>>>>
biggest problem with this counter is lack of coverage and lack of liquidity.

Mark Calvin 's chun chun forecast for Asb (advance synergy bhd) at 14.5 sen

Calvin predict that by end 2019 Asb will receive Rm124 millions from Shah Alam asset sale

Of which the profit is 8 sen
>>>>>>>

Latest prediction by Calvin

With no track record and volume details, what we have to fall back on are the real performance of the stocks themselves.

Anyone can say they sold Amazon in September and bought back again in December right at the bottom.

I'll just stick the to promoted stocks performance thank you. And definitely when Calvin goes on record for his sell calls or take profit.

Otherwise it would not be fair to all the i3 community who take calvins advice wholesale.

Latest promotions.

So now Calvin's top 3 choices are

1. Uzma
2. AZRB
3.T7 GLOBAL

AND PRICES ARE NOW CHEAP
31/05/2019 7:50 PM

As usual scorecard for calvins promotions of stocks and their performance.

>>>>>>

https://klse.i3investor.com/servlets/pfs/123029.jsp

We cannot just look at 1 metric of course. Public Bank is good and is huge, but how easy is it for public Bank to diversify regionally to change, Indonesia, Philippines etc? QL has already shown the capability to "copy" it's business model and replicate regionally. It's products are sold in Australia and Japan in increasing numbers. Is there a public Bank in Japan and Australia? What are the barriers of entry of public Bank into those countries.

I remember Maybank once hit rm2.50 before, during the Indonesian crisis where a lot of its assets there just went kaput.

Why do we pay pe15 for public Bank? Barrier of expansion and management control is hard to replicate overseas and build the reputation as a good bank in other countries.

Why do we pay pe50 for QL? Very consolidated market with big boys as market makers and price setters. Huge economies of scale with low margins but incredibly vast addressable market.

That's why I dropped pbb and shifted to PCHEM actually. Addressable market size and future prospects 5-10 years onwards.

Local banks will only be addressing local growing population.

Manufacturers and exporters will be addressing the future growth of South East Asia.

Fact 1. Msg was discovered in 1908, and it has been used for more than 100 years with no Ill effects.
Fact 2. Western research centers have done double blind tests to figure out the dabbers of MSG, and have found no ill effects.
Fact 3. If MSG is a problem, why doesn't everyone in China have a headache?"[52][53]
Fact 4. Family mart sells freshly made food with very little in preservatives. They taste better, are more expensive, but people can differentiate the quality between 7-11, family mart and mynews pretty easily.
Fact 5. How do you know family mart uses high doses of MSG? Any supporting articles?
Fact 6. https://en.wikipedia.org/wiki/Monosodium_glutamate

Every month every year say the same story always, but one thing Calvin and sslee cannot deny, QL has never had a loss making quarter in the last 20 years, growth has been consistent and growing for last 20 years. Earnings, profit and market size has always been up up and away for last 20 years.

This is fact. All the stories and arguments sslee and Calvin and stockraider put out, they have never been able to argue this fact.

And they have never seen or invested in such a company in their lifetimes.

I have. So I am content to enjoy 10x returns on my investments and I am confident to buy more and more whenever I have extra capital and the opportunity presents itself.

While sslee buys xinquan and INSAS ( and not inari), I buy and hold QL.

While Calvin buys perisai and protasco, I bought and held QL.

For ten, long years, and added to my position quarterly.

Why does QL command 50 pe while no one wants to touch uzma, t7 global and INSAS?

Why is one company 10 billion and the others microcaps?

The answer is simple: addressable market size, capability of management, competitive edge of the company, performance versus peers, historical returns, dividend increases ( even with multiple stock splits) HISTORICAL PERFORMANCE.

While Calvin and sslee looks HOPEFULLY at what a company CAN DO and buy the shares based on NTA, Philip looks closely at what a company HAS done, which is start many years after layhong and leong hup established, but performance and growth far far outpaced theirs.

This is why Philip is confident even at pe50, QL has shown capability to transition beyond a feed mill operator into a mega company. It will continue to perform and grow with excellent family mart results.

I wouldn't expect them to understand. After all, they never bought a share of Berkshire or Amazon either.

2 rich old men. All the poor and young investors out there can learn from either icon8888 or Philip, but applying both will get you nowhere.

Calvin tan say he follow all Palm oil counters for many years, but he forgot about the efficient Palm oil players ( not the story time ones), Calvin forgot about United plantations berhad, which using his theory has been cooking books for many many MANY years. 20% net profit margin oh wow must be a scam!

Then again Calvin and sslee has never bought quality companies before in their life and instead buy into companies like talamt, karambunai, xinquan and INSAS.

How do you recognise quality when all your life blinded by mediocrity?

As for sslee question:
Is QL market price run ahead of fundamental?

Many investors prefer high price for guaranteed earnings at low fundamental risk, quality of management and a long term market growth outlook.

I ask you back the question, what is the fundamental business risk of QL? Will it's business be harmed by teoseng,layhong,7-11, cck? Will japhtra, CP foods and lhi come in and compete in QL cute businesses in Malaysia?

What is the possibility of bankruptcy risk of QL versus say a microcap like INSAS 10 years from now?

People will pay a premium from good management, safety of capital, and a monopoly.

>>>>>>

https://klse.i3investor.com/servlets/stk/fin/2089.jsp

Yes growth rate very sustainable and very profitable. When was the last time QL do a private placement rights issue, warrants issue?

I believe it was many many quarters ago.

Very much of QL growth has been internally generated and is debts are happily given at low interest rates by lenders.

Do you know something the owners, banks and lenders do not? Please do spell it out all your analysis for me to bring to AGM. All I know currently is every year the business is growing, earnings and revenues are record high, and they are rushing to meet ever growing demand.

Growing capacity early to meet demand is a mark of a good management. Those who decide to grow too late and only complete capacity AFTER demand has been met by others is a sign of poor management.

Ask yourself purchase of PPE is to be done after demand is critical or grow first to meet future exponential demands.

Thank you

P.s. I believe as a palm oil manager you always ask upper management to spend more monies to grow the business. Have you ever had a boss who pushes you to be better, do the best you can, and grow the business to the best of your ability without worrying about the financial aspects?

>>>>>>>>>

Sslee Dear Philip,
Compare the revenue growth rate with profit growth rate and purchase of PPE to fuel the growth rate with borrow money. Do you think the growth rate sustainable or profitable?
Thank you
30/05/2019 8:25 PM

Which experts of oil palm pray tell? Oh I forgot, QL also owns boilermech, specialists in mills.

How much would you pay for a business that can consistently keep growing it's revenues without fail for 20 years? The business is in a very competitive and consolidating industry, and yet they keep growing and growing and growing.

Paying pe50 for a business that doesn't grow is one thing.

Paying pe50 for a business that doesn't stop growing and increases its dividend is another.

400 million increase in revenue this year versus last. 216 million in earnings , 5% more than last year. This despite the lowest CPO prices ever, a drop in fish catch, seasonality issue. I look forward to the coming year.

This is how I usually look at QL business.

Based on past 5 years quarterly data, our average seasonal earnings index is as follows:
Q1 April to June 0.21
Q2 July to September 0.27
Q3 October to December 0.28
Q4 January to March 0.24

MPM's current quarter sales decreased 12% against preceding quarter due to seasonal factor.
Earnings decreased 39% against preceding quarter due to the same reason.
b. POA's current quarter sales increased 11% against preceding quarter due to higher CPO price (RM1,976 in Q4) vs RM1,916 in Q3) as well as selling of previous qtr unsold stock.
Earnings however increased 22% due to higher CPO price, better OER as well as higher contribution from associate (Boilermech).
c ILF's current quarter sales decreased 8% against preceding quarter was mainly due to lower contribution from feed raw material trade.
ILF's current quarter earnings decreased 41% against preceding quarter mainly due to decrease in fair value of Biological assets.
B3 Prospects for the year ending 31st March 2020
Barring unforeseen events, the management are confident that FY2020 performance will improve against FY2019.

I very much agree.

If being a chartist worked Warren buffet and others would have hired someone by now.

For me in just happy for another opportunity to buy at cheap price. My last purchase was 8.15 and enjoyed 18 cents dividend. So my overall cost would have been 7.97. I welcome the opportunity to average down on a very profitable company

The moment someone cannot accept alternative point of view and resort to insults and negative thinking's is the day I lose respect for them.

Low class birch dog.

Go and answer what Jason Gilbert ho asked you, buy hold or sell.

One last piece of advise from someone who is in the industry.

JKR requirements for Street lighting is very simple. Just comply to JKR EMAL list, sirim approval or Suruhanjaya tenaga.

For China companies how they do it? They use their CE certificate or China approval certificate, pay myr 5k per certificate to get sirim approval and boom! You get to use China industrial lighting and supply to Malaysia.

With volumes measuring in millions of units. Do you think success can be cheap and high margin? The m&e package that we are doing for pan Borneo highway 7.9 km, all Street light comply to JKR EMAL list spec. With sirim. All manufactured and shipped from Shenzhen.

30% cheaper than success. Sorry we couldn't help you out.

Why don't you get lost and go back to old folks home. Lost in your own world.

Yes and I meet people like you all the time in life. When people say totally agree you still say never listen airways right. When they don't line what other people are saying, they resort to curses and names and sorchai and stupid.

I keep telling you I don't know how stock prices are in short term. Ask I know is whether or not a particular business will be competitive and have a good position in the future.

That is why I never give any price action etc.

Now that the success management themselves repeat exactly the words I was telling beforeb on competitiveness with China, do you call them sorchai, stupid and silly?

I don't do industrial lighting, but we have used commercial lighting in projects with success transformers.

The profit margins are single digits. That is the basis of my analysis.

I would say that you are the one that never listens. Probably not even to what the management is trying to tell you.

This part I totally agree. But some people don't know how to recognize between temporary disruption and systemic uncompetitivenes. And this buy into companies with no long term earning power/calls ( I just call it moat).

Do you think once PIC is online LCTITAN next door will be competitive? Do you think there is anything special about success industrial lighting that can give them an edge over other suppliers ( like Phillips Malaysia, overseas lighting bhd, osram, China?)

I don't like your chances.

>>>>>>>>>

Cyclical downturn is perfect opportunity to enter if temporary disruptions caused it to operate below its earning power