>>>
Blog: 7 Classes of Wealth (Calvin Tan)

1 day ago | Report Abuse

This 3iii tells lie is true.
If Calvin got say sell 8 houses to buy Netx then cut and paste here

What Calvin said is, "Dinosaur 3iii kept Dlady dumb dumb holding from Rm72 to Rm21.50
>>>

>>>
Blog: 7 Classes of Wealth (Calvin Tan)

1 day ago | Report Abuse

This 3iii tells lie is true.
If Calvin got say sell 8 houses to buy Netx then cut and paste here

What Calvin said is, "Dinosaur 3iii kept Dlady dumb dumb holding from Rm72 to Rm21.50
>>>

>>>
Blog: 7 Classes of Wealth (Calvin Tan)

1 day ago | Report Abuse

This 3iii tells lie is true.
If Calvin got say sell 8 houses to buy Netx then cut and paste here

What Calvin said is, "Dinosaur 3iii kept Dlady dumb dumb holding from Rm72 to Rm21.50
>>>

>>>
Correction

The more optimistic I get the more shares I sell. And the more pessimistic I get I am conditioned to buy.

I don't know why I automatically ACT AGAINST MY HUMAN NATURE.
>>>

Rubbish. A lie. Sold 8 houses to buy Netx, when he was optimistic. :-)
Unbelievable.

Syahir from PAS had a debate with Rafizi recently. Now, Syahir has proposed a debate on education.

Can you see how difficult it is to have a non-emotional discussion on this topic? Can sensitive issues related to education be avoided in an open debate? Thus, I hope this debate does not take place. Perhaps, can discuss in a closed forum, and I am also very sure, certain basic fundamental difficult issues cannot be changed.

Good to see Liew Chin Tong's piece and the rebuttal by Kassim Abdul Samad. There are 2 sides (maybe more) to any issues. We can examine these and make up our mind independently.

Yes, BN faces challenges ahead. Its leadership maybe challenged. Will it continue to support PH as a coalition partner? Why did they lose so badly? Was it due to its association with DAP? [In the 1998 election, TDM was saved by the Chinese votes, when the Chinese voters deserted DAP. Why? Its association with PAS was a dominant reason then.]

Let us wait for issues to erupt and how these will direct the future of these political parties.

Scientex has been in my portfolio for many years. Another multi-bagger.

ahbah

We need to mature politically. Now, they are throwing mud at each other.
Hopefully, the politicians are cleansed and cleaner going forward. Then, no need to fight for survival and can focus on developing and delivering.
Yet to be seen, but let us at least, be hopeful.

PRN is over. The results 3-3.

PH can now move forward less hindered to implement their manifesto and reforms. Hopefully, by the next election, PRU 16, PH has gained the trust of a portion of the majority to be re-elected into government again.

These various reforms will remain even should the government changes in the future; and will be for the greater good of ALL Malaysians. Just like the anti-hopping law, misbehaving politicians are put in their places to respect their masters: the people who elected them.

The fight against corruption should continue and relentlessly too. The might of the law should be applied onto those who are proven corrupt to stop this destructive activity which has festered for too long. Imprisonment should be imposed on those found guilty of corruption.

Hopefully, with new measures and political will, the GDP will grow in a healthy way to benefit ALL Malaysians.

C+G + I + (X-I) = GDP

Leakages from the economy due to corruption and wastages (L) can be represented thus in this formula:

C+G+I+(X-I) - L = GDP

By reducing L, the Malaysian economy will be for the better. Given a more stable government and with four and half year with no political tests ahead, this means political stability.

With political stability, hopefully Malaysia can attract more FDI as elucidated by PM Anwar Ibrahim.

Malaysian can look forward to 4.5 years of economic growth and political calm.

PRN is over. The results 3-3.

PH can now move forward less hindered to implement their manifesto and reforms. Hopefully, by the next election, PRU 16, PH has gained the trust of a portion of the majority to be re-elected into government again.

Irrespective, the various reforms will remain even should the government changes; and these will be for the greater good of ALL Malaysians. Just like the anti-hopping law, misbehaving politicians are put in their places to respect their masters: the people who elected them.

The fight against corruption should continue and relentlessly too. The might of the law should be applied onto those who are proven corrupt to stop this destructive activity which has festered for too long. Imprisonment should be imposed on those found guilty of corruption.

Hopefully, with new measures and political will, the GDP will grow in a healthy way to benefit ALL Malaysians.

C+G + I + (X-I) = GDP

Leakages from the economy due to corruption and wastages (L) can be represented thus in this formula:

C+G+I+(X-I) - L = GDP

By reducing L, the Malaysian economy will be for the better. Given a more stable government and with four and half year with no political tests ahead, this means political stability. With political stability, Hopefully Malaysia can attract more FDI as elucidated by PM Anwar Ibrahim.

Malaysian can look forward to 4.5 years of economic growth and political calm.

>>>>
There is no end to nonsense post from ignorant people

But the truth shall stand and prevail eventually
>>>>

Very true. I observed this in Netx for 2 whole long years.

https://www.youtube.com/watch?v=tTCo4xE335E
Warren Buffett: What You Should Look For In Annual Reports

https://www.youtube.com/watch?v=lQSviPyM9DY
Warren Buffett: How To Understand Annual Reports

Within its order book, both the automotive and medical segment continue to provide a bright spot in the Group’s order flow. The Group has come a long way in making inroads into the automotive segment and at present, the Group has built a strong market positioning in the automotive segment with its comprehensive range of product solutions to cater for this growth segment. The automotive segment will continue to take the pole position as the Group’s leading revenue contributor for the coming years as the Group continues to make progressive breakthrough in its new product development and capabilities. Contributing to this sentiment is the growing
market trends and policy efforts in supporting EV coupled with the recent emission
regulations and electrification targets pushing long term EV production in regions like
Europe and the United States. Riding on this current wave of development, the Group’s
latest establishment of its offshore presence in Germany is timely in enabling the Group
to expand its market share and widen its customer base.

Specifically, the Group’s wafer level burn-in tester for Silicon Carbide (SiC) and its back-end assembly and test solutions for the hybrid pack power modules continued to fuel the growth for the Group’s automotive segment as globally, governments have been implementing strong mandates and policy support for the electric and renewable energy segments.

https://www.youtube.com/watch?v=gbL305MsyaM
It not tough to be right over 10 years. Stay focus on investing for the long term.

Business is still very challenging. Not exactly smooth sailing yet. Among the glove companies, Kossan looks more resilient.

Commentary on Prospects and Targets
Strong headwinds in the glove sector are expected to continue as the global oversupply situation persists. Aggressive capacity expansion by regional players, coupled with excessive inventory build-up during the pandemic have led to the current market supply-demand imbalance and industry-wide suboptimal operating level.

The domestic glove industry has earlier contended with increased operating costs, such as higher energy and labour costs. As a result, glove manufacturers are impacted with operating margins compression as the average selling price for rubber gloves remains competitive amid minimal success with the incremental costs pass through.

PMX gave a very good and considerate reply to the student's question, though he could have done it more gently.

Today, calvintaneng has placed more bets away from TSH. He is promoting BPlantation, FGV, JTiasa, SOP, THPlant ... Are there others I might have missed? :-)

Today, calvintaneng has placed more bets away from TSH. He is promoting BPlantation, FGV, JTiasa, SOP ... Are there others I might have missed? :-)

Sold 8 houses and invested into Netx. ;-)

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@JohnD0ugh Re: "The explanation of icapital.biz Bhd's superior performance" It's very hard to objectively assess the fund manager's performance when the period's presented by the fund manager are so selective! Why choose to show numbers "for the two years ended 25 July 2023"? Where are the numbers for 1, 3 and 5 years? ,Why 25 July 2023?
>>>

The recent selective performance of iCap for the last 3 years was not a honest way to talk about the performance of iCap. It is actually very misleading and an honest writer will not put too much into this way of thinking.

Better to do what Buffett has done in reporting the performance of Berkshire Hathaway.
On a yearly basis, Buffett provided performance of his company against a comparative index. Also, he provides the long term performance since inception.

Any investor will be able to gauge the performance of the fund better when it is reported the way Buffett does for Berkshire.

>>>
calvintaneng

TSH GOT LANDS MORE VALUABLE THAN JUST TOWNSHIP

TSH GOT A WHOPPING 94,700 ACRES LAND IN NUSANTARA THE NEW ADMIN CAPITAL OF INDONESIA HITTING JACKPOT CHUN CHUN FOR MANY FANTASTIC YEARS TO COME

WHEN PALM OIL ESTATES TURN INTO INDUSTRIES & TOWHSHIPS: THE HIGHEST VALUE IS ACHIEVED, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-07-26-story-h-244697165-WHEN_PALM_OIL_ESTATES_TURN_INTO_INDUSTRIES_TOWHSHIPS_THE_HIGHEST_VALUE_
>>>>


Once again, calvintaneng of Netx fame, is not knowledgeable on all the issues concerning land matters in Nusantera. Someone in this thread and in i3 who was familiar with land matters in Indonesia has already explained this issue a few weeks ago. We thank him for this explanation.

calvintaneng has a recurrent problem. He thinks he is able to predict or forsee events from his simple approach, when in fact, he knows little but talks a lot (verbal or writing diarrhoea). Just look at his posts in promoting Netx. Not only he got it so wrong, he was a liar. Similarly, look at his promotions of stocks when the 2018 Mahathir government realigned the railway project, did he get it right? Also, the BDI spiked up, and he reflexly promoted Maybulk as his next stock that you must all have; quickly he admitted he was wrong (rare occasion). There was a thread where he identified many undervalued stocks that he so cleverly screened out, and these, except one, all got much cheaper. You can still own these cheaper today! Then when the CPO price went up, he promoted plantation stocks when they have already reflected this news. As usual, calvintaneng does not understand valuation and the impression is his promoted stocks will go into stratosphere valuations. He should sometime look at the market capitalization of these stocks, instead of focusing on its per share price. This will anchor him to the ground than allowing his volatile emotions (manic-depressive) cause havor to his personal investments.

To grow wealth long term, you need to compound your wealth. Be wary of calvintaneng who seems to have been compounding his losses so far.

Just my observations.

Don't forget to exercise your votes. You get the government you deserve. Make sure you cast your votes in the coming state elections.

https://www.nst.com.my/business/2023/08/938437/fns-q3-net-profit-widens-nearly-rm100mil

F&N announces a good quarterly result.

My friends own plantations around Putrajaya and KLIA. Since their lands were not acquired by the government for development, they continue to maintain these plantations. Development will be many years in the future.

Digital transactions and payments are transparent.

Profit margins and earnings can be projected to rise in later quarters.

Milk powder price sinks to three-year low as dairy demand wanes
By Tracy Withers / Bloomberg
02 Aug 2023, 06:42 am

main news image
(Aug 2): Whole milk powder auction prices have slumped to a three-year low amid signs that demand for dairy products is waning.

The average price for whole milk powder fell to US$2,864 a ton at the GlobalDairyTrade auction overnight, the lowest since June 2020. The weighted index for whole milk powder dropped 8% from the previous auction, while the index for all dairy products declined 4.3%.

Prices have tumbled almost 40% from a record US$4,757 in March 2022 as a weak Chinese economy damps demand at the same time as producers are boosting output. The decline suggests that New Zealand-based Fonterra Cooperative Group, the world’s largest dairy exporter, will reduce payments to its local suppliers this year.


Last week, Westpac New Zealand senior economist Nathan Penny said the ongoing sluggishness of the Chinese economy meant a downtrend in global dairy prices had been sustained much longer than expected.

Penny cut his projection for Fonterra’s milk price for the current season to NZ$7.80 per kilogram of milksolids from his previous forecast of NZ$8.90.

Fonterra has signaled it will pay NZ$8.20 for the previous season.

Nestle 2 qtr earnings increase 6.6%

Economy Madani

Looks good on paper. Now for its efficient implementation.

Integrated renewable energy (RE) Zone that will be championed by Khazanah Nasional Bhd and carried out through a joint venture between UEM and ITRAMAS.

The government will also review incentives to focus on investments that are capable of generating high-income jobs and use local resources, and upgrade industrial areas with full facilities and increase human capital development to fulfil the needs of investors.

Strange. calvintaneng has answers to every question. :-) Yet, he was so arrogant in Netx.

Still does not understand the power of long term investing. Quoting these companies that were taken private, did he benefit from these?

Long term compounding gives you returns in the multibaggers league.

Tracking billionaire wealth can provide insight into whtehr an economy is creating the kind of wealth that will help it grow or trigger revolt in the near future. Tracking it by scale, share of inherited wealth, and share of bad billionaires ensures that none of these potential sources of political resntment will be missed.

It is a bad sign if the billionaire class controls too fat a share of national wealth, becomes an entrenched and inbred elite and builds fortunes mainly from politically connected industries.

A healthy economy needs an evolving cast of productive industrialists, not a fixed cast of corrupt tycoons. Creative destruction drives growth in a capitalist society.

Bad billionaires have everything to gain from the stauts quo, they are enemies of wider prosperity and lighning rods for poopulist revolts pushing to redistribute rather than growh the economic pie.

SSLee, it is a broad overview of how to look at the data of the billionaires created in a country.

The Good versus Bad Billionaires

Good billionaires emerge outside "rent-seeking industries."

Common rent-seeking industries are construction, real estate, gambling, mining, steel, aluminum, oil, gas and other commodity sectors that mainly involve digging resources out of the ground.

In these businesses, major players often spend their time extracting maximum rents from limited national resources by bribing politicians if necessary, not growing national wealth in innovative ways.

New names on the billionaire list can be a favourable sign. Looking at the scale of billionaire fortunes is not enough to reveal the extent of their political vulnerabilities.



Comparing the share of the wealth generated by "bad billionaires."

To make a qualitative judgement about the sources of great fortunes, compare the total wealth of tycoons in these corruption prone businesses to that of all billionaires in the country.

This no doubt miscasts many honest mining and oil tycoons, but even in nations where these industries are relatively uncorrupt, they tend to make weak contributions to productivity and to tie the economy to the volatile swings of commodity prices.



Good billionaires

This label is for tycoons in industries that are known to make the largest contributions to growth in productivity or that make popular consumer products, like smartphones or cars.

These "good" industries are the ones least likely to generate backlashes against wealth creation; they include technology, manufacturing, pharmaceutical, and telecoms, as well as retail, e-commerce and entertainment.



How are nations generating their wealth?

Analysing billionaires does offer anecdotally telling, real-time evidence of how nations are generating wealth.

Countries with small percentage of bad billionaires
Among the largest developed economies of 2019, bad billionaires controlled the smallest shares of billionaire wealth: in Italy (7%) and France(9%) - a good sign for both countries.

Only 13% of Swedish billionaire wealth originates in rent seeking industries. Much of the rest is created at globally competitive companies, including H&M in fashion and IKEA in furniture retailing.

Countries with large percentage of bad billionaires
Few new or good billionaires are to be found in nations like Turkey or Russia, where aging regimes have turned away from reform and promoted favoured tycoons. The undisputed capital of connected tycoons is Moscow. Nearly 70% of Russian billionaire wealth comes from bad billionaires. The Kremlin treats billionaires with contempt, arbitrarily changing rules that govern their businesses knowing the public has little sympathy for a billionaire class widely perceived as corrupt.

Popular resentment against great wealth is palpable in Mexico as well, where bad billionaires also control close to 70% of billionaire wealth. Mexican tycoons are known for cornering industries such as telephones and concrete, which earn monopoly profits for their owners while driving up prices for consumers.

Bad billionaires typically arise in family empires, particularly in the emerging world, where weaker institutions make it easier for old families to cultivate political connections.

Building castles in the sky.

An architect owns a piece of land. He planned a high rise hotel complex on that building. The plan was widely shared. GDV was impressive. Yes, imagine the profits too! What happened. The project never materialised. The location was wrong. The timing was not right. The development never took off. The land was eventually sold due to financial insolvency. The new owner rented it out to a workshop and has done so the last 20 years.

A listed company owned a prime piece of land in a major town. It proposed a high rise project in the 1990s. GDV in millions. But the market was not able to support this project. Luckily, this was not developed. If they had done so, they would have ended up losing the land and got into deep debt too. Eventually, the land was developed into 3 rows of 4 storey shops. The buyers are all sitting on properties with very poor returns for many years now. Many of the shops remain untenanted for the last decade and half.

Oil palm estates. You either look for income or capital appreciation. It is along haul business. For example, an estate of 10 acres bought for RM500 per acre in 1960s, rose to RM 150,000 in the 1990s, then to RM 1.7 million an acre today. Do you have the patience to hold for this length of time? Those tempted by the capital appreciation and who sold much earlier; are they able to redeploy their capital to get higher gains than if they continued to hold. Of course, many sold because they were not happy with the meagre return relative to the value of their expensive estate.

Once again, it is so typical of calvintaneng to build castles in the sky. This article serves little guide to the serious investors. It is better to have a bottom up approach than a top down approach to one's investing.

CPO
RM 4209 per ton

>>>>
calvintaneng

How come you can simply talk nonsense before actual results ?

Wait till August 2023 actual results to be posted in Bursa official website only then we will have the true facts and figures
>>>>

Bikin tak serupa cakap.
Just look at Netx thread.

The best way to make money in the stock market is to invest for the long term. This means that you are willing to ride out short-term fluctuations in the market and focus on the long-term growth of the businesses you invest in.

China is expected to overtake Malaysia as the world's largest rubber glove producer in the next few years. As of 2022, Malaysia has a global market share of 60%, while China has a market share of 20%. However, China's rubber glove industry is growing rapidly, while Malaysia's industry is facing some challenges, such as rising labor costs and environmental regulations.

According to a report by the Malaysian Rubber Glove Manufacturers Association (Margma), China's rubber glove production capacity is expected to reach 170 billion pieces per year by 2025, while Malaysia's production capacity is expected to reach 150 billion pieces per year. This means that China will need to increase its market share by only 5% to overtake Malaysia.

There are a number of factors that are contributing to China's rapid growth in the rubber glove industry. These factors include:

Government support: The Chinese government has been providing financial and other support to the rubber glove industry in recent years. This has helped to attract investment and boost production capacity.
Low labor costs: Labor costs in China are significantly lower than in Malaysia. This gives Chinese glove manufacturers a cost advantage.
Access to raw materials: China has a large domestic supply of natural rubber, which is the main raw material used in rubber gloves. This gives Chinese glove manufacturers a secure supply of raw materials.
In order to maintain its position as the world's largest rubber glove producer, Malaysia will need to address the challenges it is facing. These challenges include:

Rising labor costs: Labor costs in Malaysia are rising, which is making it more expensive to produce rubber gloves in the country.
Environmental regulations: Malaysia is tightening its environmental regulations, which is adding to the cost of production.
Competition from China: China is becoming a major competitor in the rubber glove industry. This is putting pressure on Malaysian glove manufacturers to reduce their costs and improve their efficiency.
It is difficult to say exactly when China will overtake Malaysia as the world's largest rubber glove producer. However, based on the current trends, it is likely to happen within the next few years.

1. Consumer or Producer of Capital:
The first aspect of the capital structure of a business is whether it is a consumer or producer of capital. In this context, "capital" refers to the financial resources that a company needs to operate, grow, and invest in its operations. Some businesses require constant infusions of capital to fund their growth or replace assets regularly. These companies are often called "capital consumers" because they depend on external sources, like loans or equity financing, to fund their ongoing operations.
On the other hand, there are businesses that generate enough internal cash flow to sustain their operations and fund growth without relying heavily on external capital. Such companies are considered "capital producers" as they generate sufficient funds from their core operations and don't constantly need to seek outside financing.

Warren Buffett, a renowned value investor, and his company Berkshire Hathaway are examples of those who prefer businesses that are capital producers. Buffett seeks businesses with strong and sustainable cash flows, as he believes that the ability to generate excess capital internally gives a company more flexibility and options for future investments or acquisitions.

2. Proper Leverage:
The second important aspect of the capital structure is whether the business is properly leveraged. "Leverage" refers to the use of debt or borrowed funds to finance a company's activities. It can amplify both profits and losses.
a. Overleveraged businesses: These are companies that have taken on too much debt relative to their earnings and overall financial strength. While leverage can boost returns when times are good, it also increases the risk during economic downturns or when the company faces financial difficulties. Overleveraged companies may struggle to meet interest payments on their debt, leading to financial distress and potentially bankruptcy.

b. Under-leveraged businesses: On the other hand, under-leveraged businesses have very little debt compared to their earnings potential and financial capacity. While this may be less risky, it might not be the most efficient use of capital. Under-leveraged companies may not be maximizing their potential returns to shareholders, as they have excess cash that could be better utilized elsewhere.

The optimal level of leverage varies from one industry and company to another. It depends on factors like the company's risk tolerance, industry dynamics, and growth opportunities. Finding the right balance of leverage is crucial for businesses to strike a balance between financial stability, growth potential, and shareholder returns.

In summary, the capital structure of a business is a critical factor in evaluating its financial health and investment potential. Understanding whether a company is a capital producer or consumer and analyzing its leverage levels can provide valuable insights into its sustainability, growth prospects, and overall attractiveness as an investment opportunity. As with any investment analysis, it's essential to consider these factors in the context of the broader market conditions and the company's competitive position within its industry.

When looking at capital structure, try to determine two important things:

1. Is the business a consumer or producer of capital? Does it constantly require capital infusions to build growth or replace assets? Warren Buffett - and many other value investors - shun businesses that cannot generate sufficient capital on their own. In fact, one of the guiding principles behind Berkshire Hathaway is the generation of excess capital by subsidiary businesses that can be deployed elsewhere.

2. Is the business properly leveraged? Overleveraged businesses are at risk and additionally burden earnings with interest payments. Under-leveraged businesses, while better than overleveraged, may not be maximizing potential returns to shareholders.

Here's the list with the capital Gains/Loss % and DY % (Dividend Yield):
Food and Beverages
From Year 2010 to 2023

GCB [s]: 1413% gains, DY %: 1.54%
ABLEGLOB [s]: 622% gains, DY %: 3.08%
AJI [s]: 382% gains, DY %: 0.57%
CCK [s]: 353% gains, DY %: 4.83%
CARLSBG: 343% gains, DY %: 4.29%
HARISON: 339% gains, DY %: 5.27%
PWROOT [s]: 323% gains, DY %: 5.79%
HEIM: 244% gains, DY %: 5.17%
SPRITZER [s]: 224% gains, DY %: 4.28%
HUPSENG [s]: 224% gains, DY %: 4.41%
KAWAN [s]: 198% gains, DY %: 1.91%
SDS [s]: 178% gains, DY %: 1.95%
NESTLE [s]: 161% gains, DY %: 1.98%
OFI [s]: 149% gains, DY %: 2.8%
F&N [s]: 130% gains, DY %: 2.37%
WELLS [s]: 109% gains, DY %: 0%
DLADY [s]: 90% gains, DY %: 2.29%
CIHLDG [s]: 82% gains, DY %: 3.81%
APOLLO [s]: 45% gains, DY %: 2.46%
OCB [s]: 30% gains, DY %: 0%
PTRB [s]: 21% gains, DY %: 0%
PPB [s]: 16% gains, DY %: 2.47%
HWATAI [s]: 2% gains, DY %: 0%
LOTUS [s]: -8% loss, DY %: 0%
MFLOUR [s]: -12% loss, DY %: 4.55%
REX [s]: -13% loss, DY %: 0%
ORGABIO [s]: -20% loss, DY %: 0%
FFB [s]: -36% loss, DY %: 0.98%
3A [s]: -48% loss, DY %: 3.12%
BIOHLDG [s]: -66% loss, DY %: 0%
KHEESAN: -70% loss, DY %: 0%
GOCEAN [s]: -70% loss, DY %: 0%
MSM [s]: -76% loss, DY %: 2.54%
HBGLOB: -83% loss, DY %: 0%
MAG [s]: -83% loss, DY %: 0%
SAUDEE [s]: -91% loss, DY %: 0%
CNOUHUA: -92% loss, DY %: 0%
CARZO [s]: -92% loss, DY %: 0%
IMPIANA: -99% loss, DY %: 0%

Note: The "s" next to the name indicates that the stock pays dividends. The "DY %" represents the dividend yield.

They reported a new contract.

They reported a new contract.