I apologise Mr Chua soi lek. Can I have some facts and figures on your NH liquid egg factory production and sales volume/ price guidance? What is layhong production costs for day old chickens, broilers and eggs as compared to QL, TEOSENG, CCK and other competitors? Why is layhong net margins for 2018 below 2% when QL enjoys 5+% , CCK is 3+% and TEOSENG
5+%? Fyi QL does 690 million in poultry revenue a quarter and still manages their business better than LAYHONG.

Basically if you know how much it costs for then to grow a chicken to sell ( knowing the costs of their animal feed, their culling costs, and production quality death rates when no antibiotics are applied) then you know if layhong is a viable business in the future.

FYI do remind the doctors never to give you add your kids any antibiotics when they get very ill and have to do surgery

I'm sure antibiotics are not good for health right?

And also vaccination. Don't get your kids vaccinated either. It has mercury as transportation vehicle in the jab. Very dangerous!

Fully agree with Chua soi lek. We should stop making fun of layhong and start buying the stock!

When it goes down to 0.25 per share...

But having said that James Ng is right, next quarter revenue and net earnings will be down unlike last quarter. This is because the management has already guided to a "soft" coming quarter as explained.

I will be using my dividends to buy on the dip.

As the dividend and profits are good enough for me since beginning of the year till now to hold and wait. So far I have earned rm1 per share+ 18 cents incoming dividend.

Not bad for a few months research and work.

he dropped his godly when speaking to the sifu? At least he knows how to be humble!

I am a plantation smallholder (with 40 acres shared amongst old friends), an M&E engineer, a technical manager, an MLM Diamond, an amateur stockpicker (with 20 years experience losing money for my father in law, wife and best friends), and avid reader of all sorts of books who doesn't have a single financial degree or CFA.

But I daresay I know a thing or three about investing in businesses listed on bursa.

I would say all knowledge is interrelated, and all knowledge is useful.

It depends on how you apply them in your mental model of understanding a business.

Is a CFA level 3 useful? sure. Does it make you a better investor in Bursa? Depends on how you use it.

Much appreciated! I hope that more and more investors will be attracted to this site in the future a well!

3iii, quick, make stockraider apologize again. EPF is buying big into NESTLE again.

Even KYY is unhappy that government is selling his dayang and carimin etc and buying NESTLE instead.

As they should. I want EPF to be stable, have growing dividends every year, no rocky share price, and give me money when I retire.

I dont want to retire in 5 years and find out EPF has lost me 64 billion ringgit... poof!

>>>>>

But put it this way, pls do not run the risk of extrapolating that epf is going to continue buy more nestle going fwd loh.......!!
EPF has increased the shareholding by 10.4% todate but share price had gone up by roughly 60% loh....!!
My school maths teacher always tell raider always beware of the mathematical imbalance loh....!!

That does not mean epf will not start disposing going fwd mah.....!!
In fact the latest announcement EPF reported on 12 OCT they are selling 6k units, and raider suspect more selling on the way with high valuation of NESTLE with PE above 50x, it is ripe time for epf profit taking loh....!!

So do becareful in chasing such a overvalue stock in the current challenging time loh....!!

To be honest, I have never bought "high growth stocks". When I bought QL in 2009, it wasn't exactly a high growth stock, I just followed and invested in it every quarter with what money I had, watching it grow.

Same thing with topglove, who would have predicted that it would be a high growth stock in 2010? I just found a stock in an industry that had room to grow (a big market "pie") and had found some competitive business advantages that was apparent and growing.

It is now my 6 year holding and buying into YINSON. Can anyone predict they would be the 6th biggest FPSO company in the world and overtaking ananda krishnans bumi armada? I knew they would do well, because they were a malaysian company that was competing out of malaysia, and the lowest cost producer in the fpso charter industry. but high growth?

PCHEM was a low PE stock (in its industry) that I think very well of.

HLIND is also another low PE stock, that has been having good growth.

Those are all in markets with room to grow in Malaysia.

RCECapital can only borrow to the best of the B40 crowd, therefore terminal growth and growing sloooooowly. If it goes beyond the 100 million a quarter, it will start to borrow to the not so good crowd,and you will start looking at NPL skyrocketing up. and looking at MBSB and competing with AEON credit I dont think it has the management talent to compete with them. It is the rich son of AMBANK boss at the helm, what can you expect?

MBMR is just a car dealership in a very oversupplied market with no differentiation, it has already hit terminal growth. It hasn't broken the 500 million a quarter mark since 2013, I dont expect it to grow much as its wheel manufacturing business is badly planned, badly organised, doing badly and last I heard it will sell it off to someone smarter. It has already shown a failure to diversify, I wouldn't be betting on its "bright" future anytime soon. Who buys daihatsu trucks anyway?

BIMB on the other hand I think would be a good choice, as its takaful business is doing well, the asset quality is better than most, and surprisingly it is becoming more convservative and careful on its loans, which is reflected in it growings earnings (but more importantly less riskier loans).

To be honest, all the stocks you listed I think will do average over time. It will perform meh. But I dont like the industry well enough or see it good enough that it will give you amazing results over 10 years.

Think about it from my perspective, if you want to invest in something risky like stocks, you need to compare your risk profile versus EPF (6.13% PA) and ASB (2018 = 7%). These are almost zero risk investments over its lifetime (over 20 years since ASB was launch in 90's), so your "low risk" stock ideas better average more than 10% per annum (including all costs, dividends etc) otherwise you are better off just saving your money in a fixed deposit yielding 4.25% and compounding the profits.

will YOCB give your that 10% capital gain a year including dividends when you calculate your risk in holding the stock for a long period of time?

I leave it up to you to decide.

I pity simple investors who think investing is easy and can broken down to 5 point question/single word answers.

>>>>>>

I have a question for Philippe, though. For you, companies engaged on traditional businesses with low PE and which post slow but steady gains on top and bottom line, are worth investing in, or not? i am thinking of RCE capital, MBMR, BIMB or the likes. From your comments it looks like you would only consider high-growth stocks, but those can be found in a handful of sectors only.

Waiting for that 0.6! In march 31st.

After that we wait for February 30th next year 2020 for layhong to get to rm1.50!!

Sailang!

Until now no quarterly earnings report. Sure die. Bye bye.

Good luck arv18!

Does having Photoshop skills make you a better artist/painter?

since choivo didn't make a choice, I will assume it is his 32% stock choice RCE cap or he only knows how to talk big and act rude, but has no focus and quality behind his gumption.

Too bad.

Kids these days. Wasting time.

>>>>>

You know what, lets make a small bet for fun.

You come up with a 10 year list, and ill come up with mine, lets keep it close to our current portfolios.

Loser at the end of 10 years donates 20k to the charity of the other persons choice, or just pay cash.

===

Funnily enough both companies has a dead cat bounce in 2018 December. Yocb from 0.90 to 1.15.
BBBY from 10 to 15.

But earnings, margins and revenues all growing sloooooowly.

I could name the other 18 companies in asia, SEA and Malaysia that does similar business with similar INDUSTRY results, but I'd leave icon8888 to explain it.

He so smart, he knows what he is talking about I'm sure. I just simply talk out of my head without understanding the industry.

Online helps yocb not at all, if within 5 minutes ago of yocb competitors and prices are shown on in the same page immediately. And the selection goes on for pages and pages.

I don't know about you, but I believe pricing power can be achieved if the prospective buyer goes to a retail mall like harmony and find only 1 store like that in the entire shipping mall. They would be willing to pay higher prices, impulse buys and stuff.

Imagine if you opened a computer trading shop in imbi, where it is floor after floor after floor of computer parts. Probably more sales, but profits will get lower and lower and lower as everyone starts to get hungrier. I forget if imbi still exists though. I had great memories building my own 386 pc with VGA graphics and a 14.4kb internal modem.

This is exactly what is happening with online retail. Floor upon floor upon floor of retail space. If you think yocb will be able to differentiate itself among the sea of sellers, you'd be wrong. Pineapple used to be the big dog. Now look what happen.

And for icon who seems to think I know nothing about what I am criticizing, be aware that I read a lot of annual reports. I compared with yocb with many many other companies when I do my reading. The biggest of which if you don't know and doing similar business but in much bigger scale is BBBY, nasdaq(bed, bath and beyond). Note the year 2014 when internet retail and consumer e-commerce confidence exploded and their business gradually lost share as customers finally realized the thick margins it was sitting behind. They moved their business online to internet shops and cheap warehousing.

Note how yocb business was steadily growing from 2009 up till 2014, when the earnings and revenues ( further about share price for a minute) of the business started to stagnate and growth story became very much slower.

Very simple question: do you check prices online first before you go buying your products in retail shops? If you are one of the millennials who do ( my daughter taught me this trick), you would balk at paying high prices for retail shops, who have a valid excuse in paying high rental, physical workers and ex stock in site.

Nett asset value needs to be in lockstep with revenue growth and earnings growth to mean anything, otherwise taking it in vacuum is really pointless. Tan teng boo fails to realize this. He is still stuck in Benjamin Graham cigar butt land, trying out 1950's investing when these days annual reports and quarterly reports can be read and analysed the same day it is released, globally. Even Berkshire has to change, investing in IPOs now (STNE), buying airplane stocks( delta etc), and even going big into tech stocks ( aapl). Why is tantengboo not evolving his mindset?

This year Warren buffet has dropped book value as measure of Berkshire quality, because of the new accounting method, and how a lot of his companies with poor(er) net asset value are giving out increasing earnings and revenue growth compared to his high net asset value ( utilities) which are producing poor results.

If at 90 Warren and Charlie can change their mental models, I worry for tan teng boo who is still stuck in his old mindsets of nav as margin of safety. What is safety?

Safety is knowing your stock and where the business is going.

Oh my gosh! That is wonderful!

If you live in South East Asia it is the cheapest source. Or can you name me a Malaysian cotton farm that produces it?

Again I say yocb is not a bad business. Otherwise I will be saying it it. I am saying yocb is an average business, with average future prospects. Terminal growth is a concept many investors have yet to understand. They only see either up or down and share price.

Lazycat: I don't say Malaysia is pariah or not. I'm wondering where the raw materials come from? ( China is the biggest source for raw materials).
Unless you can give me a cotton plantation or farm and silk growing farm in Malaysia, I am saying they buy their raw materials from China and Vietnam. And sews and processes it locally. They are selling their designs and logistics and process control capability. Which is worth 10% margins.

I wouldn't know how many friends your have, or if any are married and moving into a new home.

But that is besides the point. What are the possible growth triggers/events in your opinion that would allow yocb to triple their revenue/earnings in the next 5 years. If you can't name one source (or multiples) that can add 200 million extra revenue and 20 million earnings other than population growth or inflation?

If you can't imagine one possible future with those kind of results, I suggest moving on.

>>>>
I don't have any friends who would rather buy bedsheets from the internet than going to the shop and feeling the product.

Ok lazycat, you are probably right. I wonder where yocb buys it's textiles from? Or they process their own silk and cotton into textiles based on your observation?

I was thinking that yocb uses China products which they form into their own end products. Maybe I am wrong then.

But where they get their products lazycat? Do you know?

Shopee has escrow according to my wife and daughter. If you buy there only if you are happy with the product will shoppee release money to the buyer.

The moment they decided to play the Lazada game you know yocb has already lost. Their products becomes a commodity that is lost in the sea of Lazada selection. The main selection for bedsheets is thread count. Can anyone compare quality online? No? They start with prices first. How does yocb compete if not on price then?

Lazycat, you are wrong the. The best textiles that I have ever bought come from China. Just depends if you know what you are looking at.

>>>>
long num.. china textiles is not that good in quality and not that cheap too , and also if u bought online from oversea seller , you can't return the products if you not satisfied with the quality while you can return if the purchases is in local

Come in icon, be serious here. If you want to buy a single digit pe share, would you rather buy Hong Leong industries or buy yocb.

I know you will agree with me, because you are smart and I am right.

Do YOU know what business future yocb has?

Choivo, I have a good friend who is one of the biggest textiles and fabric traders here in Sabah, vunfa. I have been with the son to China before when they do product sourcing. They go to Guangzhou fabric exhibition every year, meet the new players and connect with the old. Back then it was much more difficult to do sourcing as you needed to know fluent Chinese, have the luck to avoid the fraud companies, and deal with only the reliable ones.

These days the pillows and bedsheets that his local suppliers and hotels owners that buy from him become much less.

The hotel owners just go directly to Alibaba and deal with online manufacturers, protected by the Alibaba guarantee of quality. They sell at very low prices, even for small purchases.

30 years ago vunfa used to enjoy 50% margins on trading. These days he has to sell selling 10% margins, because that is what the market would accept as the cost of acceptable transaction.

He had closed 2 warehouses, and has concentrated his business out of city areas like KK and went into the smaller towns and rural areas, where buyers are still afraid to use the internet to buy stuff.

Ask around. You will find the same story repeated in many retail industries.

>>>>>>
I own a little.

Phillip, let me ask you. How does one go about buying a mattress, pillow, bolster, bedsheets etc in Malaysia, or even globally.

If you understand this, you will like it more. Im thinking of expanding it from the current 1% to 3%.

Only fools who are not in the industry think that the internet retail is not killing the average businesses in Malaysia. Everyone everywhere is being affected, especially when it is getting easier and easier to buy directly from China manufacturers and bypassing local retailers.

Parkson is dying.
Phone shops and accessories are suffering.
Shoe shops and retail are increasingly being bought online.
Lazada sold 100 million in one day, on 11/11. Do you think that is new sales or sales that come at the cost of average companies?

Still don't believe me? Go on Lazada and type bedsheets. What makes you think it won't be difficult for some enterprising fellow with connections to army and some capital, getting their specifications and entering tender with china products fulfilled and "designed" in Malaysia?

In the long run, the 64 billion dollar question is how retail companies can compete directly with manufacturers, as the internet increasingly makes it easier to deal direct with the source.

But go ahead.

Put a big networth into yocb stock. Hold it for 5 years.

Prove me wrong.
>>>>>>

you have to bear in mind that tabao , lazada etc has been in operation for long time already. they are not something new.

whatever negative impact they have, the Malaysian companies have been surviving and thriving.

The problem with icon is you think I am saying yocb is a bad business, same like your favorite success transformer and your PANTECH.
I did not say they are bad BUSINESSES. I say they are average companies. Investing in it will bring you no big success long term.

If you don't believe me, just answer me a few questions.

When was yocb founded? (1966).

What was it's growth soccer 2014 until 2019. Had it made any big headway into the market? What has its incremental growth been so slow? From 2009 to 2019, in ten YEARS it has only been about to double it's incremental growth.

Does that appear to be a wonderful business to invest in for you?

In 2014, Yong onn did 197 million with 20 million net profit
And now it is doing 204 million with 25 million net profit.

Contrast that to a company with a good moat like hong long industries
In 2014 it did 2 billion with 167 million net profit.
Last year it did 2.5 billion with 335 million net profit

In that time what has the share price range been?

Yongonn has been range bound at rm0.8-1.4.
HLIND has gone from rm 4.2 - 11.2 in that period.

Why? Think carefully.

How big is the prospective market that they are in?

What is the possibility of yongonn doing 1 billion in revenue and 12% net profit? ( Any wild ideas where this will be even possible in the next 10 years?)

What is the possibility of Hong leong industries doing 3-5 billion is revenue in the next 10 years? Highly possible.

If you want to buy average companies for average results be my guess.

Do you have to bring others down to make yourself look smart?

Its a basic fact, that's why Amazon is priced so high.

Why do you think all the shares I buy are in industries which cannot be disrupted easily by online business trading models?

Tabao doesn't sell fresh chicken, petrochemicals, and you won't want to buy medical gloves and condoms online.

But bedding products and bedsheets anyone with time and money can source out from China and sell it locally.

Just ask Parkson.

Or your wife. When they say it comes from China, really in the future no need to do business if can but direct from factory.

If you tell me yocb weaves it's own cotton and silk and design and produce it's own products which can compete with cons imports then obviously different story.


>>>>>


u put it like that everybody also die la, no need to do business

Can yocb compete with taobao and Lazada? If Chinese textiles and fabric start to come in and fight your market, do you think yocb can survive?

I assume if enough people like this article someone in i3ivestor department will finally fix that quarterly report attachment thing.

Time to post a picture of an egg.

Personally, I buy fresh from the local farmers market, from farmers and fishermen I have known for 20+ years. I knew their fathers and mothers, and the next generation knows what my wife likes to buy. I try not to be smart and argue with the home minister who does the cooking.

Whenever possible I try to avoid supermarkets ( the local market is available if you come really early to buy fresh produce). The price difference is not onerous, and I believe in growing the local economy.

For QL, almost all the local frozen seafood here is exported and sold overseas to Australia, Hong Kong and Japan. They pay much much more, as I find to my dismay during recent CNY celebrations.

But I still have my kantao! Why buy frozen when you can get jumping lobsters and singing prawns.

not "Why" in a insulting way,

but how would knowing the past help your investing acumen in the future "why"

I would have thought that the actions and logic behind the purchases and investments would have been more pertinent.

https://klse.i3investor.com/blogs/phillipinvesting/188844.jsp

Why?

Answer for
A) Prospects = will be profitable and growing for next 5 years. For every 1 dollar, it is generating a return of 15 cents. (ROE) is magnificent for petrochemical industry. it has done this since IPO until now.
B) it is in their financial annual report under market challenges and business risks.
C) Yes, and NO. PCHEM does fertilizers, aromatics and many more. LCTITAN only concentrates on olefin derivatives.
D) Because it has a net profit margin of 25%, versus LCTITAN which lost money last quarter (PBT) and has an average net profit margin of 12+%

recently I bought PCHEM around RM8.2 in january, if NYSE: I bought STNE, the company ipo'd by Berkshire Hathaway and Alibaba. Those are 10 year buy and hold stocks for me at least.

And I thought I was long winded...

Dear SSLee,

I refer to your successful bid to get dividend of 1 cent from INSAS. Many investors joined you in buying big chunks of INSAS at share price of rm1 and above. They subsequent lost more than 30% of their networth from 2017 and even until today share price is still at rm0.78. and yet you continuously promote and ask them to buy INSAS, when the retired no longer have ability to raise productive income and have a smaller retirement nest egg to rely on in 2019.

There are those who believe they would have earned much more by moving their investment into a fixed deposit money market with no risk of capital losses at 4.2%.

I wonder if you owe it to those retirees who bought INSAS in 2017 and 2018 to help them refund back their retirement nest savings after putting their faith in you.

Capital depreciation and a 2% dividend yield ( based on the price they followed you in at).

Those who listened to my "promotion" and bought it at 0.49 in January, will still be up 10% today. And looking rosier then ever.

No?

Totally understandable.
>>>>>
I think you owe those buying into PPHB after reading your article an obligation and duty to confront the BOD during AGM and demand the rightful share of profit (Dividend) and possible a Formal Dividend policy.

And then it reverts back to mean, going back from 0.50 cents to 0.7 cents, for a 20 cents gain. Pretty much a good buy I guess.

I just ordered another 2 sets of qps voltage stabilizers for factories to combat unstable voltage in tawau.

Congrats icon. 20 cents gain is impressive. Hopefully it can fully uptrend been to its original price of rm1 few years ago.

I wonder how many of choivo stocks returned 30% recently?

Strategic for ARMADA, hell on earth for YINSON.

I hope they not so stupid la.

Not that hard to be ARMADA anyway, if they ready want the assets they can buy it when armada foreclose and have to sell FPSO at firesale prices.

For ships, yes you can. The impairment calculation is based on the fair value which is generated from willing buyer and willing seller market value, and tempered with existing cash flows from charters and contracts to determine it's asset value.

Most ships at end of life is either sold for scrap metal, or totally retrofitted for new purpose (especially if we are taking about fpso) which could almost be like a new ship altogether.

Why wasting time looking at Armada? It is a dead duck sitting in a barrel waiting to be skinned and gutted.

The salient point is very simple, every year it is paying 520 million in interest payments alone.( I shudder at the short term liabilities within the next few years they have to pay on the secured term loans). If the operating income is below this (300 million this year), it doesn't matter what the impairment value is, they will burn through cash faster than you can even pay tax, dividends and other necessaries.

Kraken could have saved Armada. But it took so long to deploy, mismanagement in looking at the risks of that part of the ocean (which no one even wants to try), and the engineering involved. Now it is losing money, they fired the Armada CEO, and now hoping someone else can save them.

They can't. The debts alone will pull them under before impairments.

Good luck
>>>

Posted by RJ87 > Mar 2, 2019 12:59 AM | Report Abuse

But u can’t keep imparing for the rest of armada’s remaining life right?

Thanks for the info. Too bad I couldn't be there. Would love to tack on the rest of my follow up questions.

Good luck during the presentation. Hope you have a wonderful time!

Let's make it one stock. KLSE. Put it in your annual letter to your investors. I'll start one in i3.
10 years, reinvest all dividends into the stock. 100K. Use today share price.

I put in my newest investment, PCHEM. 9.27

Shiny and easy enough for you?

Choivo bla bla bla.

For a professed long term value investor you sure seem to have a lot of knowledge and know so much more than I do.

I won't ask for much, can you tell me 1 stock that you held for more than 1 year than had good performance? In terms of share price increase, revenue growth and earnings growth over 4 quarters?

See? I didn't even ask if you held any good performance stock over 5 years or 10 years?

Long term value investors let their results do the talking.

YINSON will never take over Armada. Too much mess to clear. They are too smart for that. So I don't have to worry.

Anyway my answer is easy.

Choivo, why don't you make it public.
Go set it up on longbets.org

Use my these exact 5 stocks.

PCHEM
TOPGLOV
QL
STNE
YINSON

Assume 100K divided into the stocks fairly distributed
Reinvest all dividends into the same stocks, and monitor over a period of 5 years and 10 years (just so you don't forget)
At the end of which we add the total sum value of reinvestment and profit gained.

You can put whatever amount you want as a bet, I won't bother to collect from you.

I am probably the only investor on i3 who buys my stocks with a mental model of what will happen 10 years from now to the industry anyway.

Outliar talking like he knows what to invest in I see.

Choi yi kit likes to use big words and rude phrases like this is how you die to make himself look smart. But when he starts talking you know immediately it's like a young IB who is book smart but knows little about real world trying to make everything fit into his understanding and when everything falls apart he doesn't know why.

Short term,
I was right about PCHEM in a big way. I was right about STNE, in a big way.
Mid term,
I was right about yinson. I was right about public bank.
Long term,
I was right about QL. I was right about TOPGLOV.

I bought my shares at a good price, and things are going well. I don't need to be emotional to tell you that you are wrong, and I am still right about QL. And the year is still young. Try comparing results year to year. 19.5% growth year on year. If you bought at 6.25 December like I told you to, you would be smiling ear to ear.

I don't have a wounded ego.

Sounds like you do.

Maybe you should think about what you say before telling everyone this is how you die without any results to show for it.

Good luck kid. Hope your next "investor" report works out well.

Sure. Whatever you say.

I think we have established you know nothing about QL business except past figures and not future potential.

As to your suddenly 10% exposure to STNE ( I assume you bought that, because if you bought 7143 Bursa stone you are fucked). I'll give you the benefit of the doubt.

Good luck.

This is how you die long term. Diversification is a protection against ignorance. I'll keep track of this list and see how well you do in 2 years.
30% in rce, 20% in petron, 15% timecom, 8% airasia, 10% in stone, another 17% in the remaining 18 co's or so.

I don't punt.

I don't buy or sell like a overstimulated cactus.

I invest like watching paint dry.

Only you would think of catching things, buying low selling high can make money.

Funny. You seem to forget that I buy and hold wonderful stocks for a very very long time.

As long as the overall story doesn't change.

FYI choivo,

I put 200k shares of STNE (NYSE) done at usd19. Guess where the price is now? 22% of my focused portfolio, including margin.

That is 2000 lots. At usd19. I put Q to my R.

You bought a "little". Sad to be right when you have no exposure long term.

Maybe you should try focused investing one day, instead of holding 30-50 stocks and knowing next to nothing about them.

Thinking about it again, it's actually scary to think how good you can be if you stick within your circle of competence and stick to buying and monitoring one wonderful stock for 10 years.

I predicted 1 billion of revenue, 75 million net profit this quarter. How many IB analysts can be that good?

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.

Believe me?

I will never predict share price ( only idiots do). I predict earnings and business advantages.I predict if the business model will fall or succeed 10 years from now. I can predict upcoming challenges for the company, and what will happen depending on what the do to meet the challenge.

My long term prediction, QL will keep growing for the next 10 years.

Slow and steady.

>>>>>>
OK CALVIN! I WILL FOLLOW YOU SELL!! NOW CAN YOU STOP IT WITH THE CAPSLOCKS? YOU SOUND LIKE A OVERACTIVE CHILD!

emotional people should really stop investing in stock market. they get too worried and stressed out over short term ups and downs in the stock market.

At the very least, you should wait until the dec quarter report when guidance is out before you decide to buy or sell.

For me I am holding on to my stock. From my 9 years of experience holding QL stock, december quarter is usually the best in terms of either volume revenue growth or net profit growth for QL.

Why? Because for december quarter usually, sales for christmas and chinese new year is very good for seafood, eggs and chickens, and palm oil derivatives. If you dont believe me, you can check the figures yourself. Now add that to their new expansion from the hutan melintang frozen and chilled factory factory running at max capacity,the shrimp and seafood export to australia for christmas, the china and us trade war. QL will have a big export market to supply in the short term. The longer the china and us trade war, the better for the other asean countries.

So far I have not heard any low seafood catch supply drop, no bird flu, culled chickens and slowing demand for eggs and chickens, palm oil price still holding steady at 2.1k and going up. in fact, the recent culling of poultry among the leading suppliers of poultry seems to be indicative for a good quarter coming up for QL.

Although I hope that story doesn't change, so far I am confident. But of course will still find out during the next quarter result announcement.

So even if you are doing technical trading, I am still looking at:

1 billion revenue, 75 million net profit (average for dec quarter sales 7.5% consistently over 9 years), which will be their highest profit margin ever.

So if that is the case, I don't see any reason why I would sell like a overstimulated cactus.

Unless you think, hartalega, topglove and ql sell the same thing? hartalega should have a pe reset, they are overpriced due to specializing only in nitrile gloves (with china stabilizing their gloves production) and if you didnt notice the delivery times dropping from (from 70 days to 30+ days) indicating that the demand for rubber gloves in returning back to normal levels, then you have another thing going in stock evaluation.