The only stocks you said take profit in 2019 is carimin and naim. Others you said keep and buy more to reach your TP.

>>>>>>>>

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

This is not how stocks work. Buycall without sell call is meaningless unless you take profit. Plus you said buy more on weakness, give TP( which never reach) meaning keep the stocks after go up then down then buy some more. So you never did get that 200% gain.

I call bullshit.

>>>>>>>
Did Calvin actually made 200% gain from Jan 1st to May 6th 2019 beating Sifu OTB at 100%

Super interesting! My respect is now increased. KC makes much sense and more gentleman.

Learn even more things now, and even more disrespect to Calvin tan.

I am now looking for a TA sifu willing to take from me money to invest using technical analysis. Willing to put down rm500k-2m for someone with a portfolio personally grown using poorly technical analysis.


>>>>>>
Posted by kcchongnz > May 25, 2019 5:41 PM | Report Abuse

Anyway, this issue is closed. Let us not talk about it any more.

Buying unit trust is relatively safe compared to investing directly in the market.
>>>>>>

Buying unit trust is investing directly into market. You are just paying someone else 1.5% + transactional fee assuming they know more than you do.

I learned something new today, kcchongz you did fund management as well? Thank God kyy did not engage cabin tan.

>>>>>>>

I sacked him because he has no business sense at all. I am not telling you a fairy tale because many people in CIMB know this episode.
>>>>


https://klse.i3investor.com/blogs/koonyewyinblog/110760.jsp

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

Maybe just show me where the 200% come from first? This is your portfolio.

Which index fund is this? Who guarantees the fund of it is kept in a central CDS account? If kupang2 closes down, who gets their money back?

Finally, how do we know you are not using the money to invest in drugs, women and guns? Who is the third party monitoring? Who pays them?

I'm sorry, punter but you are getting more and more toxic as time goes by. A positive attitude and a healthy mind will get you much further in life than a negative attitude and complaining mentality.

I mean the are exceptions to every case. Scandinavia is one of the most racist countries out there on par with Japan on their attitude on foreign talent.

In USA an exemplary of 1st world Nation also has one of the biggest wealth gap, but I don't see much in a social riot taking place.

And you already said you are leaving, why keep being pessimistic and talking in a forum that has nothing to do with you future home China?

Go away and god bless.

You have gone from pitiful to irritating to downright useless and have no further value to Malaysia society.

I was on your side once, now I just think you are a toxic child that needs to grow up.

Go to China spend your time there, then reassess on how bad Malaysia is.

Until then, fucck off and stick to investing.

It's ok choivo, that is why I'm a long time 10 year investor in QL and topglov.

Results speak for themselves.

What do you prefer in mynews? Versus family mart? Both sell totally different things. One sells Japanese organic healthy and tasty choices of fresh food.

The other just repackage and sell other people's products.

Evasive reply from Calvin tan.

>>>>>>


As for Philip the best person to give you the answer is my Stock broker in Kl

If you are truly sincere and repentant then take a plane to Kl

Call me in Singapore at +6591069127

I will then give you my stock broker office in Kl

You can then go see him personally and ask him to print out my transactions for Year 2019

I hope not. So many people have bought into his recommendations.

Well Calvin made the bold prediction that his stock pick outdo otb 200% gain, so I'm just wondering how it came about.

Posted by calvintaneng > May 23, 2019 9:14 AM | Report Abuse

Sell Naim and switch to Uzma now
Uzma has built in defense

We assume naim sold at 0.75.

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

Maybe Calvin can comment on how he gets his 200% return on ALL those stocks he promoted in 2019 alone. These are actually figures from his blogs, date that he promoted them and the current results.

See Calvin how easy that was? Maybe you can tell us how much you put in each stock so we really know how much money you lost. Then I can gauge where you are really getting your investment income from.

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

Maybe Calvin can comment on how he gets his 200% return on ALL those stocks he promoted in 2019 alone. These are actually figures from his blogs, date that he promoted them and the current results.

See Calvin how easy that was? Maybe you can tell us how much you put in each stock so we really know how much money you lost. Then I can gauge where you are really getting your investment income from.

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

Maybe Calvin can comment on how he gets his 200% return on ALL those stocks he promoted in 2019 alone. These are actually figures from his blogs, date that he promoted them and the current results.

See Calvin how easy that was? Maybe you can tell us how much you put in each stock so we really know how much money you lost. Then I can gauge where you are really getting your investment income from.

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

Maybe Calvin can comment on how he gets his 200% return on ALL those stocks he promoted in 2019 alone. These are actually figures from his blogs, date that he promoted them and the current results.

See Calvin how easy that was? Maybe you can tell us how much you put in each stock so we really know how much money you lost. Then I can gauge where you are really getting your investment income from.

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

Maybe Calvin can comment on how he gets his 200% return on ALL those stocks he promoted in 2019 alone. These are actually figures from his blogs, date that he promoted them and the current results.

See Calvin how easy that was? Maybe you can tell us how much you put in each stock so we really know how much money you lost. Then I can gauge where you are really getting your investment income from.

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

Maybe Calvin can comment on how he gets his 200% return on ALL those stocks be promoted in 2019 alone. These are actually figures from his books, date that he promised them and the current results.

See Calvin how easy that was? Maybe you can tell us how much you put in each stock so we really know how much money you lost. Then I can gauge where you are really getting your investment income from.

Calvin took profit of carimin at 0.63 cents. 8 January 2019 blog post.

I will make the assumption that since he does not post his buylot size that he average everything out, so we assume he buys 1000 lots of each stock. No more, no less.

I will assume that Calvin is a semi honorable Christian man and buys the stock on the same day as his Chun chun buycalls, and does not take advantage of i3 investors by buying first then promote buycall to dump his stocks.

I have added comments on his target price and will update on the comments section whenever he says to sell the stock

The difference between you and me is I look at long term business results.

You have no credibility, many of your stocks promoted go to Holland.

I assume ( since you don't have a portfolio) these stocks you and your imaginary buddies buy are still holding and not sold. And since you never tell people when you are selling the stocks you bought before, it is really really hard to every trust that anything you say is reliable.

Anything that goes up that fast in that short a time will drop just as fast.

In the short term you can win the popular contest. In the long term it is a weighing machine. And you are full of hot air.

Go and practise your INVESTING somewhere else, pastor Kong hee.

I'm so sick of your misguided investing strategy. Other people too years to find out. I could smell a rat on day one. And a troll.

https://klse.i3investor.com/blogs/liar/178127.jsp

Start talking to me when you keep a proper tracking portfolio of your recommendations on i3. It's a very simple method. Or you want me to do it for you?

>>>>>>>>>>

5 months ago bought Ql at Rm6.25 and now making pittance?

In this oil and gas bull run and Ecrl bull run Calvin and buddies bought Naim at 50 sen, Lafarge at Rm2.25, Carimin at 39.5 sen, Azrb at 34 sen, Pantech at 47 sen and many other great stocks giving much better yields

Wow really? 30-50 stocks with no portfolio suddenly out of the blue umw? Sure thing Calvin the no portfolio trader. How many value in those stock picks…? How much more into protasco, talamt, asianpac, and all those stocks you keep promoting? 1 lot each in 50 stocks? Way to go Loki.

Please show a definite portfolio, otherwise you are just another Christian pastor who tries to bring people to Jesus, but have never once lived by His Way.

Do you know how to make a portfolio?

The reason why layhong is a 200 million company.

And LHI previous was a billion dollar delistment.

Is really about quality of management and execution. Those companies will never expand into seafood products, or add palm oil refineries, or add family mart franchise at a consistent pace.

A company with such a vision, execution and planning ( and talented 3rd generation), will definitely do the company proud and venture into every more profitable businesses.

Just like Amazon did. Online bookshop into marketplace into server web services into fresh food.

I await with bated breath on the next phase in QL long term growth.

Excellent companies do excellent things.

That is why Berkshire buys Amazon while you are waiting on the sidelines.

The trick is not to buy a company for what it is today, but to buy for what the company will be 10 years from now.

10 years from now, QL will be a juggernaut.

Stock market really interesting, 2 people see the same thing but have different opinions and results.

5 months ago me, chia brothers and others picked up ql at 6.25.

A small lesson in quant.

If a bottle of beer is £1, how much is 100 bottles of beer? Seems easy? Not in the real world.

If you were a 7-11, at night when you know there is a party next door? You would sell it for £150, take it or leave it. Everyone is thisty and all the shops are closed.

If you were a supermarket, buy 100? Special discount, £85 for 100.

In the real world? If you start overselling shares, the demand can drop very low very fast.


>>>>>>

Dato Sri Thong still has about 600 million of Inari to sell, if he wishes to report more profit at anytime he choose.

This will never happen. If it did I would have bought INSAS shares long ago. But we both know the truth, and I look at real cash in hand, not stories and promises and tall tales.

This quarter is not what it seems.

>>>

Just go and buy back insas share, sure make monies mah...!!

I don't know if you and me are reading the same quarterly report?

How much of INSAS reported is operational profit? ( Real money generated)

How much is just paper profits? ( Change in fair value on paper)?

Look deeper.


>>>>>>>

Posted by stockraider > May 24, 2019 8:01 PM | Report Abuse

Insas result is consider very good this quarter mah....!!

With 11.6 billion in cash and slightly over 2 billion in borrowing, the company is as strong as ever. It's sales reduction this quarter is more an issue of statutory turnaround and maintenance activities and not due to any competitive or permanent problem. As PIC is still on track, and the company has done a good job with bolt on acquisitions, I am firmly still unchanging in PCHEM moving forward.

Their purchases on da Vinci is a good bolt on. Paying 163 million for a company that did 200 million revenue with slightly above 11 million net profit, a specialty chemical company with it's open brand of silicones, lube oil, additives and chemicals. Being incorporated in Netherlands in 2016, it is a growing company with good future, and not a local Malaysian crony.

I think PCHEM will continue to do well in the future, and am content to build up my position as the stock price drops again, giving a far larger discount in price over fundamentals.

I believe next quarter the turnaround will be over and we can proceed to collect more money.

>>>>>

PCG Group recorded lower plant utilisation of 95% as compared to 100% in the corresponding quarter, mainly
due to higher level of maintenance and statutory turnaround activities at its methanol and aromatics plants
respectively. Sales volumes was lower in line with lower production

There is always a reason for those cheap bargains. Those who bought it are forever stuck because they but on price, not on company results.

That is why Warren buffet moved away from his sifu Calvin(I mean Graham) and learn from his partner money( I mean munger).

It is better to pay a fair price for a wonderful company than a wonderful price for a fair company.

T7? PP.
Uzma? Don't make me laugh

In the long term none, and I mean NONE of Calvin companies have done exceptionally well.

QL, topglove, yinson, PCHEM, have grown and green and grown and share price grow and grow and grow

>>>>>>

7. As there are so many cheap bargains now why get your capital stuck in QL?

I don't speak for the sake of hearing the sound of my voice Calvin. I wait until quarterly report out then decide what to do.

Unlike you Mr market. One day buy, next day sell, but in the end no portfolio.

You have access to my portfolio trade so you can see the results on term starting from 2019 with pchem, GKent. I already received big dividends from both. I am looking at 90k dividend if ql doesn't increase their payout( which I am perfectly happy with).

I willing to bet with you 1 million ringgit this next QR ql will declare a dividend.

More appropriate, I am very confident that QL will continue to grow bigger and consolidate more in the next 5-10 years.

I already turn 200k into millions from QL.

Good luck with you Calvin the Christian. You don't talk or even act like one.

Aren't you ashamed to call yourself one? When many people have followed your advice to ruins?

So many in i3 angry with you. That shows the kind of advice you give.

Just. Like. City harvest pastors.

Hi Calvin I'm willing to bet a million ringgit that after the QR announcement, your T7 shares will drop further. If you are game I'll message your stock WhatsApp number.

Holding firm? Balancing on the edge of a knife more like.

Philip.

>>>>>>>
Calvintaneng T7 global issued pp shares at 10% discount to raise fun

Even after discount at 45 sen T7 global share price still holding firm

Clap
Clap
Clap

T7 global bolih
06/05/2019 4:38 PM

Sslee, care to share your and analysis on whether this is a good or bad QR?

I see. But ta works and 99% crap sounds like an oxymoron though.

But I have the same trouble as well.

So far 99% of the classes I attend and the young ciku who still me their automatic trading programs never seem to work.

Somehow this is quite sad to me. I would assume that Charlie munger was very correct.

"Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It's called the graph."

The full list is here, and the results are interesting.

Wealth = time*( effort - competition)*luck

Its your choice, be in a country where everyone is blind and the man with one eye can become king.

Or be in a country where everyone hyper competitive and you can live ok, but the top echelons are forever beyond your grasp.

Good luck.

My personal advice? Stick to somewhere you can build long term connections, and respect you instead of look down on you.

Those who have been overseas will know what I mean.

Here in Malaysia you can rule behind the scenes. Elsewhere you will never get a seat at the table.
>>>>>>>>>

https://www.forbes.com/malaysia-billionaires/list/#tab:overall

Instead of blaming your fate, I invite you to embrace adversity.

Sure, there are difficulties in every situation. Every country has its proud and cons.

But have you ever wondered why is it that the bottom 23% of the population just happens to be the top 10 richest Malaysians? I count the latest list at 9 Chinese and 1 Indian.

And to be honest it is to OUR advantage that the government continue to spoon feed certain groups to their own detriment. By giving them all those " benefits" which in my opinion in the long run mean NOTHING, they have been bred to be lazy, unmotivated and uncompetitive.

You haven't started working yet in the real world and see what is going on.

I am a technical manager for MNC and it is almost exclusively mad up of Chinese and Indians with a few exceptional Malays and the token figure head.

Who gets paid more? Who gets the most opportunities in the long run?

In my humble opinion Malaysia is like no other. No where else will you find the minority immigrant control all the high positions and own all the profitable companies. Imagine if I told you in Britain or Japan out USA the top 1% is all Chinese, would you think it possible?

Malaysia is definitely not for the weak or mediocre. But for the hardworking and exceptional? They know the real story. Malaysia is their oyster and stepping stone into the future.

Long may the social contract reign.

>>>>>>>>

https://www.forbes.com/sites/forbespr/2019/03/13/wealth-of-tycoons-on-2019-forbes-malaysia-rich-list-on-a-downtrend/#411c7ee12a75

Record this first before cabin delete this shit.

>>>>

Posted by calvintaneng > May 22, 2019 6:03 PM | Report Abuse

Calvin bought velesto at 27.5 sen
Tomorrow?

Those who panic please throw
Those who steady hold firm
Those who are brave just buy slowly
NO need to hurry buying
Just buy if gap down

Keep some bullets

If crash more then add more

Invest wisely

This is how Calvin will buy Velesto

25 sen buy 20 lots
24 sen buy 30 lots
23 sen buy 40 lots
22 sen buy 50 lots
21 sen buy 60 lots
20 sen buy 70 lots
19 sen buy 100 lots
18 sen buy 200 lots
17 sen buy 300 lots
16 sen buy 400 lots
15 sen buy 1000 lots
10 sen Calvin sell one house and Wallop kaw kaw

1 sen?

Calvin will sell everything and launch a take over of Velesto

https://en.wikipedia.org/wiki/The_Boy_Who_Harnessed_the_Wind

>>>>>

You should watch this movie and read the book. It is on Netflix. If you really want to help the nation, stay and make it a better place. If you decide to leave, know that many people have spent time, effort and money to nurture you, take care of you and educate you.

It is ungrateful to say this is a lousy country when you have education, free and open internet, a changing government, a wealthy nation with ample food on the table and no unrest, natural disasters and wars.

And worse, you are a young man complaining about things which you have barely the opportunity to fully experience life.

Be glad you were not born in Africa.

My daughter studies in the US, then is planning to work in either HK or SG. But now she changes her mind, after doing internship, she realizes home is where the heart is.

She is coming back.

Grass is always greener on the other side. Every place has its problems. In the US? no free medical, everything need to pay. No green card? they treat you like trash whether or not you are citizen, just by skin color alone.

Talents are valued and skills appreciated everywhere. The idea that a better life can be found elsewhere is flawed, simply because holiday there and working there is totally different things.

Where do you want to grow your future anyway? maybe I can help give you an introduction.

I strongly believe its not where you go that is important. It is what you do with your opportunities that make the difference.

I live in the jungles of sabah, the islands of sipadan, the mountains of kinabalu. I wouldn't trade it any other way. Meanwhile money can be found anywhere.

>>>>>>

Posted by Heavenly PUNTER Research IB > May 21, 2019 11:42 AM | Report Abuse
There's no future here, stop being blinded by your own ignorance. And stop spreading your ignorance. I strongly urge everyone to study hard and move to places where your talents are being valued, your skills being appreciated, it won't be easy. But life is never about staying in your comfort zone. Take the leap and deal with the difficulties initially, you'll be grateful for what you did 10 years from now. At the very least, your children and grandchildren will be grateful for your actions. Think long term, you have 30-40 of good years ahead. Don't waste your potential here.

It doesn't really matter where you go. There are millionaires here just as much as billionaires. Everywhere can make money, if that is your goal. Don't think that grass is always greener on the other side. If you go elsewhere with higher pay, but much higher expenses and much more stress, I don't think it is worth it.

Most important thing in life is not money, it is Time. Happiness, and Family. None of which requires much money.

Trust me on this, the older you get, the more the little things in life become important.

>>>>>>

Posted by Heavenly PUNTER Research IB > May 20, 2019 11:38 PM | Report Abuse

But can they pay well or not? That's the problem... Overseas, same qualification, maybe more stressful but earn x2 or x3 the amount here... Why not leh? What's work other than a means to earn income? If elsewhere pays me higher, why not ?

If I can give an advice to any young man it is this.

Once you finish high school, quickly get your degree or diploma or whatever. Spend the minimum amount of time on it. Get it cheap.

The fact is, very few know what it is they want to do in life. I never did. Go and do something broad like engineering or business or whatever. The key thing is to not be in debt. Don't buy a new car, in fact get a motorcycle or a third hand cheap car.

When you graduate you will be 21, the younger the better. Spend the rest of your life learning. 4 years in university. 50 years after that.

Live frugally, just begin the discipline of saving money first, then spending whatever is left every month. Compounding works.
It
Be focused. Read as much useful information as you can. Delete Facebook and Instagram and Twitter. It does nothing for you. Get a subscription for the edge, time, newspapers. Make it a habit to read. If you can read 8 hours a day, you are getting somewhere.

Spend as much money as you can on learning. In fact, think of it as a permanent long term investment. Learning takes many forms.

Work as an intern. If possible, for free. If not possible, just ask for food and fuel. A 1 year no salary free internship working for me department in my company ( or even sslee) I can guarantee you will learn and apply more than 4 years in university.

The more you learn and absorb, the more confident you will be. People will pay money for people who know their shit. A big part of that will come from confidence.

Make mistakes when you are young. But more important, learn from them. Find out how to do better. Don't repeat the same mistake twice. Most people I meet keep doing the same mistakes in their lives, and blame everyone and everything else.

Write this on your wall. Repeat every day.

Apply, Absorb, Improve, Repeat.

Apply is to just go ahead and do it.
Absorb is to meditate and understand what you are doing wrong.
Improve yourself, the actions & reactions. Find a better way to do it.
Repeat the process with everything you do in life. Again & again. Never stop improving.

Apply. Absorb. Improve. Repeat.

You sad sad man. Are you sure you know how to invest? Or are you one of those short term traders running around recommending everything, but doesn't know how to do long term investing? When I say I have held QL since 2009, I know for a fact it is one of the most stable companies in bursa, with high margin of safety, and little chance of a share price collapse ( even at pe50.)

But can't blame you, with a history of promoting protasco, perisai, talamt, karambunai, asianpac and many many more, you don't know anything better.

I am sure of one thing, you don't make much money from stock market.

Your main source of income would probably be from sgd/MYR currency drop, buying property in JB when it was cheap, and not having any wife and kids that you need to spend money on.

Yeah and probably cheating innocent people of their money and hustling then to buy stocks where you pump and dump them. The long line of aggrieved investors follow you wherever you go. Do you know why they are upset with you?

If everyone who knows you long enough knows you are a fraud and fake, then what more needs to be said?

Enough. Fake investors will be fakes.

Have a good wesak day. I have decided you are a waste of my time. And you will never ever be a good investor.( Your mindset is too rigid and unyielding. You probably never apply what you read, but find the text to fit your bias.) Good luck.


FYI my 10 year returns from QL has eclipsed all your stock recommendations ever. And I compound my returns by reinvesting in a small amount of companies. I have very few good ideas, but my 6 companies have never made a loss yet. That is rule 1.

I'm in a way agree with you both. I was a Universiti Malaya graduate, with good results and all. And I do believe that a paper qualification will open many doors.

But the real secret is what you do next. And that is the future.

I know many UM friends, Indians Malays and Chinese, they get good results, but after graduate and start working they decided to stop learning and motivating and improving themselves, content with an ok and easy life.

I was the total opposite. After making some bad mistakes, it became my motivation and pressure to push myself to get out of debt and improve my life.

Being poor can be a very strong motivation. In fact it may sound cruel, but being a hard core poor can build the strongest foundation for a mental strong and motivated person.

There are many examples in life. With the age of the internet, quality education can be had for almost free. I have learned countless things over YouTube, instructables, howstuffworks, Wikipedia that before would have cost me tens of thousands to learn. I have downloaded countless pdfs( and bought hard copies of the really good books), and read it all. I have a library of 10,000 books on my Kindle.

In todays world, it is no longer important what to learn. It is far more important to learn how to read faster, absorb deeper, remember and retain, discard unnecessary information, improve on existing mental models, learn how to motivate oneself.

This is the age of the autodidact.

Herbert says otherwise.

Your idea of margin of safety is very very flawed. Like 1950's flawed.

I prefer Charlie munger, Seth klarman, Warren buffet, Peter Lynch concept of margin of safety.

There has to be a context to every story.

Amazon was picked up by brk because of a margin of safety, where there monopolistic nature of first movers provide a rock solid fortress of growth into the future.

Seth klarman buys eBay even though the price asked was 6x book value ( something none of your stocks was ever considered), because you only buy cheap stocks of horrible businesses selling below book value. Every. Single. Time.

As for Peter Lynch, he does the exact opposite of what you always espouse: I repeat his words here.

"If I could avoid a single stock, it would be the hottest stock in the hottest industry, the one that gets the most favorable publicity, the one that every investor hears about in the car pool or on the commuter train—and succumbing to the social pressure, often buys.”

This is exactly you and your o&g pump and dumps, stocks that yoyo up and down so often that when it stops, you realize it never went anywhere.

Please stop repeating other sifu words as if they were your own, because like your Christianity, you never practice what you preach.

A broken clock gets it right twice a day.

Someone who promotes 50 stocks ( but buys nothing) and a new one every week, but doesn't say when he bought, how much he bought and when he sells, will always have a few stocks he gets right so he can promote and fool more clients.

Shame on you. At least keep a portfolio of your trades, so we know how you really perform over time ( including buying and selling).

Hi SSLee, I am amazed that you are amazed. I would have thought it is basic economics. and it is not an argument, merely a discussion and sharing of pertinent information/concepts.

In essence sarifahselinder and KCchongz is very much correct.

Every economic activity has a cost.

When you IPO a company, you have a listing costs (1+% or more to the bank, underwriters can buy shares cheaper than retailers etc)

When you give out dividends there is a cost (transactional costs, processing costs etc).

Private placements usually have a certain discount to entice investors.

Imagine you are the CEO of INSAS for example (with no strings or conflicts of interest in play, only working for the benefit of the investors).

When you look at maximizing shareholder value, multiple issues come into play.

A) Do I sell inari shares to buyback more shares of insas (which is very very undervalued).
B) Do I sell inari shares to give out a dividend to insas investors (to improve confidence).
C) Do I sell insas shares via private placement/convertible bonds/ICULS and use it to buy more inari (if the growth prospect of inari subsidiary is much bigger long term than insas).
D) Do I keep collecting inari dividend and use it on adding position in loss making subsidiaries? (vigtech, vigcash, melium, tribecar, omesti berhad, dgsb)

It is the same here between dividend payout, share buyback, etc.

For me, I prefer QL with low dividend payouts and spend more money on growing the business. Delayed gratification.

I prefer BRK with zero dividend payouts and spend money in building the business. Very delayed gratification.

for companies like maybank and public bank, I prefer less money lending out on taking risks, buying huge unnecessary assets, and giving out bigger dividends (its not like they have capability to manage a maybank in Taiwan, japan or korea anyway). I can invest better than maybank because I have different priorities, cost structures, risk appetites. PCHEM will never open a KFC franchise for example, whereas I could (with my dividends for example as KCChongz has said)

For coca cola, visa, mastercard etc, dividends make perfect sense.

For amazon, take my money and grow the business, build that moat, and only later give me a dividend when its less efficient to throw money to grow anymore.

For INSAS? Yes, if me I would prefer them stop trying difficult things like starting new fintech companies, new biotech companies, new car rental companies. Sell it all off. concentrate on growing inari shareholdings, or growing m&a business, or investing in companies with a competitive advantage. There is already a grab/uber monstrocity, why try to compete with tribecar? Why not just put money into

But usually for me these are my priorities:

1) business expansion, increase revenue and earnings
2) reduce debt, increase book value
3) share buyback, if book value is below intrinsic value
4) dividends, if the first 3 returns are below my dividend yield.

in that order.