BARGAINS MUST ALSO SATISFY OTHER CONDITIONS.

Just because a stock sells at or below its net asset value does not warrant that it is a sound purchase.

In addition to below market values, the investor also must demand
- a strong financial position,
- a satisfactory p/e ratio, and
- an assurance that the firm’s earnings will be sustained over the years.

This is not an entirely difficult bill to fill except under dangerously high market conditions.

However, the investor will forgo the most brilliant, high growth prospects.

BARGAINS MUST ALSO SATISFY OTHER CONDITIONS.

Just because a stock sells at or below its net asset value does not warrant that it is a sound purchase.

In addition to below market values, the investor also must demand
- a strong financial position,
- a satisfactory p/e ratio, and
- an assurance that the firm’s earnings will be sustained over the years.

This is not an entirely difficult bill to fill except under dangerously high market conditions.

However, the investor will forgo the most brilliant, high growth prospects."

The time to invest in the stock market is after it has suffered a large loss.

Successful investing is not magic, just keep things simple and maybe follow few investing and money rules of thumb and you’ll be fine in the long run.

Investment Mistakes in a Bear Market

1. Selling without any logical reasoning or attention to long-term goals. Often they all miss the fact that they are selling at the bottom to only repurchase them back at the top. Stop selling without a reason, only sell if the fundamentals have changed for the long term or the investment does not fit in your plan, not because everyone else is selling in the market.

2. The only worse thing one can do than selling out in a bear market is stop investing during the bear market. Would you stop shopping if retail prices dropped 30%? No. When you stop investing during a bear market you will miss out on many undervalued investment opportunities which can have great returns in the long run.

3. Some investors start to look at alternative investments, (e.g. gold) because they believe somehow these will perform better than the equity markets. Although alternative investments have their place in a portfolio the excessive focus during bear markets makes them dangerous.

4. Just stop wasting your time and money trying to time the markets. Investors are more likely to time the markets during a bear market, as there are often big swings, which are seen as opportunities by investors, this strategy will only hurt your portfolio.

I know bear markets hurt, but you trying to “improve” things will only make things worse.
What were your investment mistakes during this bear market? What have you learned from them? You know anyone who made these mistakes?

There has always been volatility in the stock market and there always will be. That’s guaranteed as long as humans are the ones making buy and sell decisions.

In the short-term, the reasons for market sell-offs feel like they matter a lot.
In the long-term, investors tend to forget the specific reasons stocks fell in the past.

In the short-term, market downturns feel like they will never end.
In the long-term, all corrections look like buying opportunities.

Regardless of how long this correction lasts, to win in the stock market over the long haul you must be willing to lose over the short-term." -Ben Carlson (emphasis added)

So what do I do with my money in a bear market?

The first thing you need to do is to look for companies and funds that are going to be fine ten or twenty years down the road.

If the market crashed tomorrow and caused Gillette's stock price to fall 30%, people are still going to buy razors. The basics of the business haven't changed.

This proves the third fundamental truth of the market:
3.) You must learn to separate the stock price from the underlying business. They have very little to do with each other over the short-term.

When you understand this, you will see falling stock markets like a clearance sale at your favorite furniture store... load up on it while you can, because before long, the prices will go back up to normal levels.

If you invest with the intent to hold your investments for years down the road, a bear market is a great opportunity to buy.

[It always amazes me that the "experts" advocate selling after the market has fallen. The time to sell was before your stocks lost value. If they know everything about your money, why they didn't warn you the crash was coming in the first place?]

This leads to two fundamental truths:
1.) A bear market is only bad if you plan on selling your stock or need your money immediately.
2.) Falling stock prices and depressed markets are the friend of the long-term investor.

How do they affect my investments?

Generally, a bear market will cause the securities you already own to become undervalued.

The decline in their value may be sudden, or it may be prolonged over the course of time, but the end result is the same: What you already own is worth less [according to the market.]

Though financial losses are linked with the appearance of the bear market, there are also those who gained from the bear market.

Are you strategized to gain from a correction or a bear market?

1929: Papa Bear market
1973-74: Momma Bear market, average stock was down 50%.
1982: Bear market
1987: Crash of 1987, Dow dropped over 1000 points in 4 months; 508 of those points in 1 day.
1990: Saddam Hussen bear market when investors worried about the Gulf War,
1997: Asian Financial Crisis Bear market
2001: Technology Bust Bear market
2008: Credit crunch Bear market

There are a few strategies that investors may take when dealing with a bear market.

- The most conservative way adopted would be to move out from stocks and invest in fixed income securities until the market recovers.

- Some would turn to the defensive stocks, such as those in the industries that are less affected by economic downturn, for example, food or utilities industries.

- The third option that is viable for investors is buying as the market continues to drop further to capitalize on the price reduction. However, investors who adopt this option face the risk of having their cash drying up all before the market reaches the bottom.




What is most important for investors to take note of when making investing decisions is the need for homework; they need to do their homework properly, be it on the company itself or the overall economic situation. This is to ensure that their investment risk is minimised.

Relatively, investing in a bull market is easier as the chances of making losses are low compared to investing in a bear market.

NEW BULL MARKET

A common rule of thumb: a new bull market is marked by a 20% gain from the low for a sustained period of time.

Ned Davis Research, an independent provider of global investment research based in Nokomis, Florida, uses the Dow Jones Industrial Average to track bulls and bears because there is more history associated with the index. They maintain that a
- 30% rise in stocks for more than 50 days, or
- a 13% gain for more than 155 days, heralds the start of a new bull market.


50 DAYS IS APPROXIMATELY 2 MONTHS
155 DAYS = 5 MONTHS

BEAR TRAP
(ALSO KNOWN AS BEAR MARKET RALLY, SUCKER'S RALLY OR DEAD CAT BOUNCE)

What’s a Bear Trap?

Beware the bear-market rally, also known as a bear trap, the sucker’s rally, and a dead cat bounce.

A phenomenon characterized by a swift and powerful rise in stocks, is typically triggered by short sellers covering bets and value investors snapping up the most beaten-down shares, assuming the worst is over only to see the market fall again.

Bear-market rallies tend to be narrowly based, short-lived, and end as swiftly as they started, often leaving investors worse off.

Bear-market rallies are wrapped in days and weeks, not months and quarters.

ht tps://ww w.morningstar.com/articles/1105388/how-do-you-tell-a-bear-market-rally-in-stocks-from-a-new-bull-run

ht tps://ww w.forbes.com/sites/tomaspray/2022/03/27/what-you-need-to-know-about-bear-market-rallies/?sh=f850fe95da61

https://www.morningstar.com/articles/1105388/how-do-you-tell-a-bear-market-rally-in-stocks-from-a-new-bull-run

https://www.forbes.com/sites/tomaspray/2022/03/27/what-you-need-to-know-about-bear-market-rallies/?sh=f850fe95da61

https://www.morningstar.com/articles/1105388/how-do-you-tell-a-bear-market-rally-in-stocks-from-a-new-bull-run

https://www.forbes.com/sites/tomaspray/2022/03/27/what-you-need-to-know-about-bear-market-rallies/?sh=f850fe95da61

BEAR MARKET RALLY

An increase in prices during a primary trend bear market is called a bear market rally.
A bear market rally is sometimes defined as an increase of 10% to 20%.

Bear market rallies typically begin suddenly and are often short-lived.



Notable bear market rallies occurred in the Dow Jones index after the 1929 stock market crash leading down to the market bottom in 1932, and throughout the late 1960s and early 1970s. The Japanese Nikkei stock average has been typified by a number of bear market rallies since the late 1980s while experiencing an overall long-term downward trend.

MARKET CCORRECTION

A decline in prices during a primary trend bull market is called a market correction.

A correction is usually a decline of 10% to 20%, but some experts say it can be a third or more.

It differs from a bear market mostly in that it has a smaller magnitude and duration.

Secondary market trends

Secondary trends are short-term changes in price direction against a primary trend.

They usually last between a few weeks and a few months.

Whether a trend is a secondary trend, or the beginning of a primary trend, can only be known once it has either ended or has exceeded the extent of a secondary trend.

Blue Chip Stocks

Large well established firms who have demonstrated good profitability and growth, dividend payout, and quality products and services are called blue chip stocks.

They are usually the leaders of their industry, have been around for a long time, and are considered to be among the safest investments.

Blue chip stocks are included in the Dow Jones Industrial Average, an index composed of thirty companies who are leaders in their industry groups.

They are very popular among individual and institutional investors.

Blue chip stocks attract investors who are interested in consistent dividends and growth as well as stability. They are rarely subject to the price volatility of other stocks and their share prices will normally be higher than other categories of stock.

The downside of blue chips is that due to their stability they won’t appreciate as rapidly as compared to smaller up-and-coming stocks.

Income Stocks

Income Stocks are stock that normally pay higher than average dividends.

They are well established companies like utilities or telephone companies.

Income stocks are popular with the investor who wants to own the stock for a long time and collect the dividends and who is not so interested in a gain in share price.

Value Stocks

Sometimes a company’s earnings and growth potential indicate that it’s share price should be higher than it is currently trading at. These stock are said to be Value Stocks.

For the most part, the market and investors have ignored them.

The investor who buys a value stock hopes that the market will soon realize what a bargain it is and begin to buy. This would drive up the share price.

Penny Stocks

Penny Stocks are very low priced stocks and are very risky. They are usually issued by companies without a long term record of stability or profitability.

The appeal of penny stock is their low price. Though the odds are against it, if the company can get into a growth trend the share price can jump very rapidly. They are usually favored by the speculative investor.

Defensive Stocks

Defensive Stocks are issued by companies in industries that have demonstrated good performance in bad markets.

Food and utility companies are defensive stocks.

Market Timing

One of the most well known market quotes is: “Buy Low – Sell High”. To be consistently successful in the stock market one needs strategy, discipline, knowledge, and tools. We need to understand our strategy and stick with it. This will prevent us from being distracted by emotion, panic, or greed.

One of the most prominent investing strategies used by “investment pros” is Market Timing. This is the attempt to predict future prices from past market performance. Forecasting stock prices has been a problem for as long as people have been trading stocks.

The time to buy or sell a stock is based on a number of economic indicators derived from company analysis, stock charts, and various complex mathematical and computer based algorithms.

DAY TRADERS

Day traders sit in front of computer monitors all day looking for short term movement in a stock. They then attempt to get in on the movement before it reverses. The real day trader does not hold a stock overnight due to the risk of some event or news item triggering the stock to reverse direction. It takes intense concentration to monitor the minute by minute movement of several stocks.

Day trading involves a great deal of risk because of the uncertainty of the market behavior over the short term. The slightest economic or political news can cause a stock to fluctuate wildly and result in unexpected losses.

There are a few people who make respectable gains day trading. The people who probably make the most are the self proclaimed “experts” who sell the books or operate the web sites that cater to the day trader. Because of the profits to be made from sales to people who want to get rich quick, they make it seem as attractive as possible.

The truth is that in the long run more people lose than gain by day trading. This does not translate into a very good investment.

Having a good knowledge of the risk/reward ratio offered by the market is helpful.

The safest time to invest is when the market is at its low.

This is also the time when the downside risk is small, though not completely eliminated, but the potential for upside gain is high.

During the 2007-2009 severe bear market, there were many investors who cashed out of the market, at various stages of the unfolding bear.

Many were happy that their capitals were not at risk during the turbulent bear evolving early stages. They were waiting to re-enter the market when it is 'safe' again.

Just as they might not have cashed out at the 'right time', likewise, they might not have re-entered the market at the 'right time'.

What defines safety for these investors? They are probably referring to not losing their existing capital. Of course, the safest place was the money market or the fixed deposits.

At which point in the bear market will they re-invest into stocks? During the slippery downturn, during the ups and downs, or when the market has turned up convincingly.

I suspect many such investors having 'rescued themselves' or 'cashed out' of their stocks will not put their cash back to work until the market has turned up convincingly. This means they would have lost out on the fantastic return of the market during its early upturn.

Aiming for safety of capital with a reasonable return was the initial goal. With increasing knowledge and skill, perhaps, aiming for safety of capital and higher returns are achievable.
The returns of many investors are compromised by certain knowledge they possess and certain knowledge they do not have. Of course, you may not know what you don't know.
Investing is a life-long passion for some. Having a good investment philosphy and strategy is the key. There is constant learning and re-learning. Some knowledge needs to be unlearned.
As Warren Buffett said, "The chains of habit are too light to be felt until they are too heavy to be broken."

Net Asset Value per share of icapital.biz Berhad as at 4 January 2023 is 3.34.

https://www.cnbc.com/2023/01/05/bed-bath-beyond-shares-plummet-as-company-warns-of-deeper-financial-troubles.html
Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy.

(Bankruptcy, chapter 11)

We hear of calvintaneng mentioning BONIA and OPCOM. Interestingly, calvintaneng did not mention the other 8 stocks of the 10 big bargains he promoted. Typical.

From 21.8.2017 to 4.1.2023
(slightly more than 5.5 years)

Gain/Loss
WTK -41%
BJ Corp -6%
MRCB -76%
Bonia 311%
Media Prima -43%
CBIP -44%
MUI -55%
PBA -40%
OPCOM 27%
EIG -66%


https://klse.i3investor.com/web/forum/forum-thread/600130378
Blog: TOP 10 OVERSOLD STOCKS TO BUY NOW WHILE STILL VERY CHEAP! (Calvin Tan Research)

The eagle is either flying purposelessly or lost its sense of directions. Not a very smart eagle, in my opinion. :-)

>>>>
calvintaneng

Eagle Vision First Mover

Eagle sees first
Other fying birds follow
Chicken on the ground sees nothing

so chicken go astray by buying rubbish stocks

1 day ago
>>>>>

Very misleading post by the hero of NETX, calvintaneng.

https://klse.i3investor.com/web/forum/forum-thread/600130378
Blog: TOP 10 OVERSOLD STOCKS TO BUY NOW WHILE STILL VERY CHEAP! (Calvin Tan Research)

Open
3.03
High
3.07
Low
3.03
Mkt cap
483.31M
P/E ratio
5.10
Div yield
4.95%
52-wk high
3.27
52-wk low
2.77

This post applies to the 10 stocks selected by the hero of NETX too.

>>
Best Regards
Calvin

UZMA IF THEY LISTENED TO 3iii WOULD HAVE MISSED 100% UPSIDE AT RM1.10 When Calvin told all to sell & take profit

See

https://www.eaglevisioninvest.com/sell-uzma-sell-carimin-buy-opcom-redtone-netx-others/
>>>>

Chapter 20 - “Margin of Safety” as the Central Concept of Investment

A single quote by Graham on page 516 struck me:

Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

Basically, Graham is saying that most stock investors lose money because they invest in companies that seem good at a particular point in time, but are lacking the fundamentals of a long-lasting stable company.

This seems obvious on the surface, but it’s actually a great argument for thinking more carefully about your individual stock investments. If most of your losses come from buying companies that seem healthy but really aren’t, isn’t that a profound argument for carefully studying any company you might invest in?

The first post by the hero of NETX on his promotion of NETX in 2019.

A few fellow forum participates shared their cautious remarks on this company.

However, the hero of NETX was adamant and deaf: started talking of the cash in this company.

The hero of NETX continues the same mistakes in subsequent promotions repeatedly.

Did he stop and learn from his mistakes? Pride maybe preventing the hero of NETX from doing so.

>>>>>

CharlesT
14,144 posts
 Posted by CharlesT > 2019-09-25 14:05 | Report Abuse
If they still use the same tactic then shares consolidation n rights issues will be coming

FoolsGold
654 posts
 Posted by FoolsGold > 2019-09-25 14:08 | Report Abuse
facts on NETX ,

- last fin. yr, it burned up rm19 m in admin & other operational expenses , even though turnover
was only 17.5 m !

at this rate, the 31m will soon be evaporated within 1.5yrs, real need to raise money again soon


- its share capital is a whooping 3.273 billion shares
to make 0.1 sen net profit per share, it need to have net profit of rm3.273 m, which it cant even deliver

- NETX has the unique distinction of being one of the 3 ACE stks that trade in 1-1.5 sen level,
(the others are EAH & VIVOCOM)

- really scraping the bottom of the barrel of lousy ACE stks, to find a 'winner's

- its a pure gambling stk,, ideal for hard core gamblers
only 1 sen maa... but whn nxt result out, could v well dive to 0.005 sen !

CharlesT
14,144 posts
 Posted by CharlesT > 2019-09-25 14:09 | Report Abuse
Maybe 10 into 1 shares consolidation n then 5 for 1 rights issue at Rm0.10...lol

FoolsGold
654 posts
 Posted by FoolsGold > 2019-09-25 14:11 | Report Abuse
pity the employees, lose their hard earn money, tells a lot on their mgmt..
you trust your money with this company ah ?
Good luck...

stncws
9,522 posts
 Posted by stncws > 2019-09-25 14:36 | Report Abuse
10in1 baru goremg

bargadcapital
190 posts
 Posted by bargadcapital > 2019-09-25 14:54 | Report Abuse 
kwap comin in

FoolsGold
654 posts
 Posted by FoolsGold > 2019-09-25 15:09 | Report Abuse
Asiabio was sold on tp 8 sen, remember ?

could be the guy responsible got a real shelling, when NETX fell to 1 sen,

n thought up a desperate promo campaign on NETX via a win-win formula..

kasim Insider(a substantial shareholder)
Aug-2019 Asiabio Capital sdn bhd Acquired 103,000,000 shares
25/09/2019 2:36 PM

CITADEL
1,858 posts
 Posted by CITADEL > 2019-09-25 15:12 | 
Post removed.Why?

>>>>

>>>>

calvintaneng
49,412 posts
 Posted by calvintaneng > 2019-09-25 15:47 | Report Abuse 
ACCORDING TO LATEST QUARTER REPORT OF NETX

Cash and bank balances ..... Rm34,849,000 (Rm34.8 Millions) & little debt

calvintaneng
49,412 posts
 Posted by calvintaneng > 2019-09-25 15:51 | Report Abuse 
SEED MONEY IS SOWN

NOT LOSS

WHEN YOU THROW SEEDS INTO THE SOIL IT IS NOT WASTED

SOIL COVERS SEED AND HIDDEN FROM VIEW

BUT SEED GERMINATES

THEN COMES OUT YOUNG SHOOTS

LATER GROW INTO TREES

ALL GREAT COMPANIES STARTED WITH AN IDEA

AND NETX (BY THE POWER OF THE DIGITAL ECONOMY) IS AN IDEA WHOSE TIME HAS COME!!

>>>>>>

>>>>

calvintaneng
49,412 posts
 Posted by calvintaneng > 2019-09-25 12:33 | Report Abuse 
Very good morning all

Calvin found some facts about Netx

1.Netx is still an IT start up in its early days

2. As such company is still in teething phase of finding its niche in THE DIGITAL ECONOMY

3. To survive management has done its utmost to raise capital. Looks like few banks are willing to finance this start up. So Netx raise its capital by

1. Issuing Esos to Netx employees as high as 4 sen. They raised rm6. 5 millions

2. Then by private placements as high as 5 sen

3. Finally mcquarie Bank invested rm20 millions in Netx shares at 4 sen a piece


All of them are holding Netx shares as high as 4 sen to 5 sen

Now Netx has very little borrowings and still got Rm37 millions in Cash

Rm37 millions is about 1.2 sen per share
BUT netx is so bombed out that is share price has even fallen below cash value

4. As value investor Calvin sees Netx as a potential buy for these reasons:

A. At 1 sen with Nta of 3 sen Netx is selling at a whopping 66% discount which is more than Ben Graham requirement of 33%

B. Of the 3 sen nta 1.2 sen is pure cash

C. Netx could be like hibiscus stilling looking its port of gold here and there till hibiscus struck oil

D. So netx has a very very good survival and prosperity chance going into THE DIGITAL ECONOMY FAT YEARS OF THE NEW IT AGE FOR MALAYSIA

E. TODAY EPF IS GOING ONLINE. THE FIRST IN THE WORLD TO GO INTO THE CLOUD OF CYBERSPACE

F. NETX OFFICIAL WEBSITE STATED THAT IT HELPED TO BUILD TELEKOM INFRASTRUCTURE
IF TELEKOM GETS RM11 BILLIONS OF THE 12MP JOB FOR FIBERISATION THEN NETX WILL GET SOME VERY SUBSTANTIAL JOBS

5. ALL THE EXPENSES OF DIRECTORS (NO CE0 WILL SAVE ON HIGH SALARY) ARE LISTED IN TRANSPARENT MANNER

6. MY RESERVATION WAS NONE OF THE NETX DIRECTORS OWNED NETX SHARES. BUT THEN I DISCOVERED SOMETHING

7. DIRECTORS OF NETX ALSO OWN SHARES IN ASIABIO. AND ASOABIO HAS BOUGHT TENS OF MILLIONS OF NETX SHARES FROM THE OPEN MARKET IN AUGUST 2019

8. WHY INVEST SO MUCH IN NETX BY USING ASIABIO UNLESS THEY ARE SANGUINE ABOUT NETX PROSPECTS IN COMING BUDGET

9. BECAUSE OF THE ABOVE FACTORS CALVIN THINK THERE IS A 70/30 CHANCE NETX WILL BOTH SURVIVE AND PROSPER GOING INTO YEAR 2020

10. WHY YEAR 2020?

BECAUSE YEAR 2020 IS THE YEAR OF THE DIGITAL ECONOMY

YEAR 2019 HAS BEEN A VERY VERY POWERFUL BULL RUN TIME FOR OGSE STOCKS DUE TO PETRONAS RM30 BILLIONS CAPEX

SO WITH RM21. 6 BILLIONS CAPEX FOR THE NATIONAL FIBERISATION THE BULL RUN BATON WILL PASS ON TO INTERNET RELATED STOCKS FOR THE NATION OF MALAYSIA

BEST REGARDS

CALVIN TAN RESEARCH
SINGAPORE

>>>>

>>>

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2019-12-03-story242906-THE_PROBLEM_OF_3iii_IS_HE_HAS_TUNNEL_VISION_IN_INVESTMENT_HE_CANNOT_SEE_WHAT_OTHERS_SEE

3iii THINKS HE IS SO CLEVER REJECTING ALL OTHERS EXCEPT HIS VERY FEW AND NARROW GROUP OF SLOW GROWTH STOCKS & CALL ALL OTHERS GRUESOME



IN ACTUAL FACT HE HAS A GRUESOME DISTORTED OPPINIONATED WORLD VIEW WITH TUNNEL VISION



3iii IS GRUESOME INDEED!!!



STAY AWAY PLEASE.

>>>>>


I think this was written in desperation by calvintaneng during our discussions on NETX from 2019 to 2021.

In any case, the hero of NETX title is bestowed on calvintaneng. Given the facts, calvintaneng was not only slightly wrong but absolutely wrong.

Can I conclude that given calvintaneng's very very high intrinsic values for these 10 stocks, might he be in one of his high mood swings phase? Will need his friends or family members to look out for this, in case.

Another question raised is, "Why is such a smart person like calvintaneng who floods this forum with repeated words of wisdom, quoting from Buffett to Peter Lynch, got his 10 stocks so wrong in August 2017? I hope you agree his 10 stocks selection in August 2017 were just terrible, using whatever comparison measures.

Might calvintaneng be a better investor if he had taken time to study his own mistakes, before continuing to show to others his prowess and cleverness.

What lessons might calvintaneng gained from these 10 stocks of his? Since he did give the intrinsic values for each of these stocks, might we assume he did do some work on deriving these. If he did, he could have reworked his valuation and learned where he might have made his mistakes. His intrinsic values by any measures were just far too high. Was calvintaneng prone to mania or depression? Perhaps, in this hypomanic phase, calvintaneng could see no risk and just rewards, huge ones as so.?

An obvious question raised by calvintaneng's post in this thread is, "Why were his intrinsic values for these companies in August 2017 were so much higher than their share prices in August 2017?

Wasn't calvintaneng a clever chap, since he was able to identify so many undervalued stocks in August 2017? These were not just undervalued, they were severely undervalued; just look at calvintaneng's intrinsic values for these stocks.

Do you believe in the efficient market hypothesis? I do. But I don't agree that the stock market is efficient ALL the time. That's why the hard working investor can diligently sometimes find an undervalued good/great company to invest into.

But, calvintaneng was able to identify 10 deeply undervalued stocks. How did he come about his valuation of these stocks?

Did he apply conservative assumptions in his valuation of their intrinsic values? Perhaps he did, or perhaps he did not.

Did he make mistakes in their valuation? If yes, these were MANY mistakes, not just the occasional ones. Should we be cautious in his promotions? Perhaps, we should not be cautious over this calvintaneng's promotions despite so many obvious mistakes?

Perhaps, calvintaneng wished to blame these 10 stocks on bad luck. It was just bad luck on that period. In other times, he had been in better luck. Should calvintaneng blamed these high intrinsic values not being achieved by his 10 stocks to bad luck? Or perhaps, he should not.

In August 2017, these 10 companies were trading at the following prices (in sen):
WTK 82
BJ Corp 32
MRCB 119
Bonia 55.5
Media Prima 75
CBIP 198
MUI 16.5
PBA 126
OPCOM 57.5
EIG 90


By calvintaneng's intrinsic value for these stocks in August 2017, the upside potentials for price appreciation of these stocks were as listed.

Potential Upside
WTK 252%
BJ Corp 1463%
MRCB 320%
Bonia 170%
Media Prima 167%
CBIP 203%
MUI 809%
PBA 138%
OPCOM 161%
EIG 233%


The potential upsides for these 10 stocks according to calvintaneng were a low of 138% (PBA) to a high of 1463% (BJCorp).

But alas, after 5.5 years of calvintaneng's listing of his 10 severe bargains, these are their returns today, should you have bought these stocks like calvintaneng in August 2017.

From 21.8.2017 to 4.1.2023
(slightly more than 5.5 years)

Gain/Loss
WTK -41%
BJ Corp -6%
MRCB -76%
Bonia 311%
Media Prima -43%
CBIP -44%
MUI -55%
PBA -40%
OPCOM 27%
EIG -66%

or

Over the last 5.5 years, here are the returns of the 10 stocks of calvintaneng

The obvious 1 big winner is BONIA (+311%).

There are 7 big losers. They lost from -40% to -76%.

OPCOM gains 27% while BJCorp lost -6%.

Why was the hero of Netx, calvintaneng so exuberant on these 10 stocks?
The answer is because by his analysis, all these 10 stocks trade at a big discount to their intrinsic value.

On August 2017, calvintaneng provided his intrinsic values for his 10 stocks.

INTRINSIC VALUE
WTK 289
BJ Corp 500
MRCB 500
Bonia 150
Media Prima 200
CBIP 600
MUI 150
PBA 300
OPCOM 150
EIG 300

>>>>

Posted by 3iii > 2017-08-22 17:27 | Report Abuse

The thrill of investing in stocks, using Peter Lynch's classification of companies.


1. Dutch Lady

A fast grower in its early days. Now a stalwart.


2. Nestle

A stalwart and slow grower. Generating high FCF with little capex requirement.

3. Aeon Credit.

A fast grower. Financial stock. High risk sector.

4. Guinness

A stalwart or slow grower.

5. Petdag

A fast grower over the last decade. Smaller company then, adding 50+ new petrol stations per year. Now a slow grower or stalwart.

6. HaiO

A gruesome stock that turned around in 2005 / 2006. Those who spotted this then would have a lot of gains when others started to show interest in it. Presently, a slow grower stock. Not to be dismissed.

7. KAF

For years, this stock lingered at price below its net asset value. In its book was a piece of land in Jalan Kia Peng which was worth a lot more. This land was subsequently repriced and the company eventually taken over by the majority shareholders. This was an asset play stock.

8. Topglove and Hartalega

These companies were fast growers. They are also in a cyclical sector. Essentially, they are cyclical growth stocks. Those who have own these stocks over the long term would have multibagger gains.

9. Tongher

A cyclical stock. Not easy to play in this sector. Presently, it is in its cyclical high.

10. Public Bank

A stalwart or slow grower.

11. Guan Chong

A turnaround and fast grower (but only for a year or so). Cyclical sector. Not easy to play these stocks but for those who spotted it in 2009, it did climbed 200% or so. However, to protect your gains, you need to sell and not hold long term. Not easy to play cyclical stocks. You need to buy right and also to sell right.

12. Pentamaster

A fast grower for the moment. A fast growth stock maybe highly priced. Be careful, but if you have spotted this before its price climbed, the rewards have been and can be huge.

13. GENM

Slow grower.

14. LPI

Slow grower that has delivered superior returns.

15. Scientex

Slow grower

>>>>>

How amusing and ironic to see this post of the hero of NETX, calvintaneng

>>>
Posted by calvintaneng > 2017-08-22 14:02 | Report Abuse

Peter Lynch categorize stocks into 6 Classes



1)Stalwarts

2)Fast Growers

3)Cyclicals

4)Turnarounds

5)Assets Play

6) Slow Growers


Calvin likes No. 1 to 5

3iii can only invest in no. 1 only.

See

1) The Eagle up in the Air Soar Above the Clouds and can SEE FROM SHORE TO SHORE

2) Other Flying Birds Can See From Mountain To Mountain or Tree to Tree\

3) The Chicken on the ground see nothing except to scratch for some earth worms

SO THE CHICKEN WITH MYOPIC EYESIGHT TELLS EAGLE HOW TO SEE?

LOL!!!
>>>>

For someone who claims to be a master of Peter Lynch's teachings, does calvintaneng exhibits that he understands Peter Lynch's teaching well.

Yet, calvintaneng thinks someone does not know Peter Lynch's teaching well. Yet, remarkably, the same chap bought BONIA at 80 sen in 2019 on his own analysis.

Just compare and contrast.

TOP 10 OVERSOLD STOCKS TO BUY NOW WHILE STILL VERY CHEAP! (Calvin Tan Research)
August 2017

This was the headline of the post by calvintaneng. Truly a disappointing result by any comparison. This raises many questions on calvintaneng's approach.

He became famous in his "totally blinded" promotion of NETX. The hero of Netx fame.

Over the last 5.5 years, here are the returns of the 10 stocks of calvintaneng

The obvious 1 big winner is BONIA (+311%).

There are 7 big losers. They lost from -40% to -76%.

OPCOM gains 27% while BJCorp lost -6%.