When the promoter, calvintaneng asked everyone to buy this stock, he was so cocksure this stock will rise 25x from the price at the time of his recommendation. Afterall, he sold many houses to invest into this stock, to tell the world his confidence in this stock.

For those who have followed him then, today they would have lost 82% of their money.

Do you think calvintaneng is good in his stock selection or his analysis? :-)

In a bear market, you buy. In a bull market, do you need to sell? Yes and no.

Anyway, you can make money in both the bear and the bull market.

The most important thing is to stay focus, true to your investing principles and maintain discipline in your investing.

https://www.cnbc.com/pre-markets/

Futures indicating the US markets will open down tonight.
Value investors should be excited.

The Company recorded 3.3% higher revenue resulting from continued strong commercial execution, which increased the penetration of our milk consumption in Malaysia.
Like-for-like Operating Profit (excluding land & buildings sales and accelerated depreciation of assets) increased 53% in the quarter, where strong demand for Dutch Lady products, lower brand investments were partially offset by significantly rising prices of global dairy raw materials.

Qtr4 2021

All values MYR Thousands.
2021
2020
2019
2018
2017
5-year trend


Cash Dividends Paid - Total
(220,067.0)
(220,067.0)
(210,898.0)
(210,761.0)
(210,761.0)

Free Cash Flow
484,030.0 FCF Yield 2.69%
142,128.0
445,946.0
370,561.0
64,925.0

====

KEY STOCK DATA
P/E Ratio (TTM)
22.15(05/18/22)
EPS (TTM)
RM0.93
Market Cap
RM8.04 B (RM 20.60 per share)
Shares Outstanding
N/A
Public Float
112.05 M
Yield
2.91%(05/18/22)
Latest Dividend
RM0.270000011(05/31/22)
Ex-Dividend Date
05/13/22

All values MYR Thousands. 2021 2020 2019 2018 2017 5-year trend
Cash Dividends Paid - Total (682,847.0) (467,170.0) (424,254.0) (394,013.0) (327,248.0)

All values MYR Thousands.
2021
2020
2019
2018
2017
5-year trend


Cash Dividends Paid - Total
(290,820.0)
(282,852.0)
(274,884.0)
(252,973.0)
(272,228.0)

====

KEY STOCK DATA
P/E Ratio (TTM)
16.90(05/18/22)
EPS (TTM)
RM0.81
Market Cap
RM5.43 B (RM 13.74 per share)
Shares Outstanding
N/A
Public Float
145.76 M
Yield
5.39%(05/18/22)
Latest Dividend
RM0.449999988(03/02/22)

Still a very gruesome company. Capital intensive with little FCF.
Latest quarter has shown good profit.

QUARTER
Fiscal year is September-August. All values MYR Millions.
28-Feb-2022
30-Nov-2021
31-Aug-2021
31-May-2021
28-Feb-2021
5-qtr trend

Sales/Revenue
1,449
1,584
2,116
4,163
5,365

Gross Income
98
220
704
2,574
3,702

Net Income
88
186
608
2,036
2,869

EPS (Diluted)
0.01
0.02
0.08
0.25
0.36

ANNUAL
Fiscal year is September-August. All values MYR Millions.
2021
2020
2019
2018
2017
5-year trend

Sales/Revenue
16,361
7,237
4,801
4,221
3,409

Gross Income
11,102
2,850
884
842
605

Net Income
7,710
1,753
365
429
331

EPS (Diluted)
0.96
0.22
0.05
0.06
0.04

Net Income before Extraordinaries
10,034
2,166
424
523
385

Funds from Operations
8,629
2,184
578
643
454

Net Operating Cash Flow
7,837
3,454
537
353
399

Capital Expenditures
(1,335)
(816)
(624)
(459)
(481)

Free Cash Flow
6,502 FCF Yield 3.19%
2,638
(31)
(106)
(80)


Cash Dividends Paid - Total
(5,474)
(372)
(217)
(196)
(182)



======
KEY STOCK DATA
P/E Ratio (TTM)
4.20(05/18/22)
EPS (TTM)
RM0.36
Market Cap
RM12.49 B (RM 1.53 per share)
Shares Outstanding
8.21 B
Public Float
4.39 B
Yield
28.04%(05/18/22)
Latest Dividend
RM0.252000004(04/06/21)
Ex-Dividend Date
03/23/21


QUARTER
Fiscal year is September-August. All values MYR Millions. 28-Feb-2022 30-Nov-2021 31-Aug-2021 31-May-2021 28-Feb-2021 5-qtr trend
Sales/Revenue 1,449 1,584 2,116 4,163 5,365
Gross Income 98 220 704 2,574 3,702
Net Income 88 186 608 2,036 2,869
EPS (Diluted) 0.01 0.02 0.08 0.25 0.36

SSLee

I speculate or project the annual earnings of Harta will continue to decline to about RM 600m in the near term, mainly due to contracting ASP and profit margins.

At RM15B market cap today, you are paying a forward PE of 25.

There will be a period of consolidation within this industry and severe competition will kill off many newcomers to this industry. Mah Sing has indicated exiting this sector. Why did they even enter in the first place?

KEY STOCK DATA
P/E Ratio (TTM)
32.54(05/18/22)
EPS (TTM)
RM0.10
Market Cap
RM2.21 B (RM3.30 per share)
Shares Outstanding
N/A
Public Float
291.31 M
Yield
7052 is not currently paying a regular dividend.
Latest Dividend
RM0.0250000004(06/30/21)
Ex-Dividend Date
06/14/21


================

ANNUAL
Fiscal year is July-June. All values MYR Millions.
2021
2020
2019
2018
2017
5-year trend

Sales/Revenue
1,029
1,355
1,783
1,679
1,571

Gross Income
291
437
697
687
618

Net Income
54
75
160
178
157


EPS (Diluted)
0.08
0.11
0.24
0.27
0.24


===

ANNUAL

Fiscal year is July-June. All values MYR Thousands.
2021
2020
2019
2018
2017
5-year trend

Net Income before Extraordinaries
74,146.0
107,321.0
219,265.0
239,696.0
213,189.0

Funds from Operations
168,008.0
242,850.0
208,694.0
204,597.0
218,900.0

Net Operating Cash Flow
193,809.0
163,501.0
136,494.0
159,478.0
226,964.0

Capital Expenditures
(5,619.0)
(11,855.0)
(27,951.0)
(51,986.0)
(48,627.0)

Free Cash Flow
188,795.0 FCF Yield 9.42%
152,158.0
109,611.0
108,646.0
179,167.0

Cash Dividends Paid - Total
(16,448.0)
(49,343.0)
(75,660.0)
(75,660.0)
(75,660.0)

KEY STOCK DATA
P/E Ratio (TTM)
14.22(05/18/22)
EPS (TTM)
RM1.49
Market Cap
RM42.31 B (RM21.22 per share)
Shares Outstanding
N/A
Public Float
474.54 M
Yield
2.51%(05/18/22)
Latest Dividend
RM0.180000007(03/25/22)
Ex-Dividend Date
03/14/22


=========

All values MYR Millions.
2021
2020
2019
2018
2017
5-year trend

Net Interest Income
4,499
3,841
3,751
3,859
3,712

Non-Interest Income
715
1,053
882
896
767

Operating Income
2,730
2,343
2,531
2,705
2,382

Net Income
2,861
2,495
2,665
2,638
2,145


EPS (Diluted)
1.40
1.22
1.30
1.29
1.05


Funds from Operations
1,667
1,384
1,201
1,252
1,729

Net Operating Cash Flow
5,642
1,223
914
2,354
2,285

Free Cash Flow
5,522
1,041
791
2,229
2,127

Cash Dividends Paid - Total
(712)
(1,023)
(982)
(941)
(839)

KEY STOCK DATA
P/E Ratio (TTM)
40.36(05/18/22)
EPS (TTM)
RM0.53
Market Cap
RM21.36 B (RM 21.52 per share)
Shares Outstanding
N/A
Public Float
225.88 M
Yield
3.25%(05/18/22)
Latest Dividend
RM0.25999999(03/24/22)
Ex-Dividend Date
03/09/22


============


All values MYR Thousands. 5-qtr trend
Cash Dividends Paid - Total
(198,691.0) 31-Dec-2021
(99,345.0) 30-Sep-2021
(139,084.0) 30-Jun-2021
(168,887.0) 31-Mar-2021
(109,280.0) 31-Dec-2020




All values MYR Millions. 5-year trend
Cash Dividends Paid - Total
(606) 2021
(606) 2020
(695) 2019
(934) 2018
(775) 2017

All values MYR Millions.
ANNUAL

Net Interest Income after Provision
8,731 (2021)
7,389
8,554
8,463
8,217 (2017)

Non-Interest Income
3,601 (2021)
3,588
3,113
3,011
3,143 (2017)

Operating Income
7,367 (2021)
6,305
7,080
7,050
7,114 (2017)

Net Income
5,657 (2021)
4,872
5,512
5,591
5,470 (2017)


Net Operating Cash Flow
7,889 (2021)
4,744
6,564
5,679
6,700 (2017)


Free Cash Flow
7,746 (2021) FCF Yield 4.66%
4,370
6,358
5,461
6,389 (2017)


Cash Dividends Paid - Total
(3,979) (2021)
(1,553)
(2,717)
(2,555)
(2,278) (2017)



============


KEY STOCK DATA
P/E Ratio (TTM)
15.82(05/18/22)
EPS (TTM)
RM0.29
Market Cap
RM87.93 B (RM4.61 per share)
Shares Outstanding
19.41 B
Public Float
11.73 B
Yield
3.30%(05/18/22)
Latest Dividend
RM0.0769999996(03/22/22)

KEY STOCK DATA
P/E Ratio (TTM)
3.19(05/18/22)
EPS (TTM)
RM1.33
Market Cap
RM15.00 B (RM4.25/share)
Shares Outstanding
3.43 B
Public Float
1.17 B
Yield
17.24%(05/18/22)
Latest Dividend
RM0.0350000001(06/09/22)


All values MYR Millions.
QUARTERLY
Sales/Revenue
1,005 (Dec 2021)
2,011
3,903
2,300
2,130 (Dec 2020)

Gross Income
334 (Dec 2021)
1,190
2,833
1,504
1,290 (Dec 2020)


Net Income
259 (Dec 2021)
914
2,260
1,119
1,002 (Dec 2020)


Free Cash Flow
(30) (Dec 2021)
1,630
1,457
846
739 (Dec 2020)

Cash Dividends Paid - Total
(1,878) (Dec 2021)
-
(605)
(331)
(204) (Dec 2020)


==========

All values MYR Millions.
ANNUAL
Sales/Revenue
6,703 (2021)
2,924
2,827
2,406
1,822 (2017)

Gross Income
4,098 (2021)
742
708
615
491 (2017)


Net Income
2,886 (2021)
434
455
439
283 (2017)

Free Cash Flow
2,735 (2021)
400
189
136
97 (2017)

Cash Dividends Paid - Total
(604) (2021)
(249)
(286)
(198)
(131) (2017)

Fiscal year is January-December. All values MYR Thousands.
Sales/Revenue
508,389.0 (2021)
418,773.8
490,105.0
422,200.6
284,189.5 (2017)

Net Income before Extraordinaries
119,466.3 (2021)
113,140.3
138,896.5
99,606.9
43,981.1 (2017)

Net Operating Cash Flow
129,114.6 (2021)
76,721.5
149,266.6
78,036.2
34,832.1 (2017)

Capital Expenditures
(43,446.7) (2021)
(45,091.0)
(21,726.0)
(39,110.7)
(5,558.0) (2017)

Free Cash Flow
91,526.7 (2021) FCF Yield 2.06%
35,870.8
135,215.6
49,751.7
29,730.6 (2017)

Cash Dividends Paid - Total
(10,684.8) (2021)
(7,123.2) (2020)


Balance Sheet
Very strong
Cash 478,615.1
Short term debt 425.0
Long term debt 2,139.9



KEY STOCK DATA
P/E Ratio (TTM)
35.62(05/18/22)
EPS (TTM)
RM0.10
Market Cap
RM2.45 B
Shares Outstanding
712.32 M
Public Float
436.12 M
Yield
0.54%(05/18/22)
Latest Dividend
RM0.0149999997(07/30/21)

P/E Ratio (TTM)
26.41(05/18/22)
EPS (TTM)
RM0.95
Market Cap
RM7.40 B
Shares Outstanding
N/A
Public Float
134.53 M
Yield
3.25%(05/18/22)

Quarterly Sales
Sales/Revenue All values MYR Thousands
692,339.0 (latest qtr Dec 2021)
389,848.0
349,423.0
547,738.0
519,015.0 (qtr Dec 2020)


Quarterly EPS
EPS (Basic)
0.32 (latest qtr Dec 2021)
0.17
0.08
0.24
0.18 (qtr Dec 2020)


Annual EPS
EPS (Diluted)
0.81 (2021)
0.51
1.04
0.94
0.89 (2017)

Market Cap
RM536.29 M

You will like its FCF yield. Should be able to pay dividends. Will dividends be increased?

>>> Posted by wallstreetrookie > 6 days ago | Report Abuse

This stock was not discovered by anyone when it was trading at RM0.80

>>>


Bought at 80 sen. It then went up to RM 1.20. (Felt good, smart)
Soon it dropped to 40 sen. (Damn, why did not sell at RM 1.20 to lock in the 50% gain).
Waited patiently, because it was undervalued. It then listed its CRG in Leap market.

Finland and Sweden should remain out of NATO.

Post Ukraine, a new world order will emerge. It is inevitable. The old world order is no longer tenable.

Pray for peace for all.

At 13.5 sen per share, calvintaneng is still swinging his pendulum wildly. Amazing. :-)

It is wonderful to have local companies that are profitable. They contribute to nation building and certainly to the tax revenues of our country.

Very sad to see companies that are not run well and losing money. Doubly sad when they have to be bailed by public money.

Government is keeping fuel and food prices affordable in Malaysia. Many are expecting the election to be around the corner.

Other countries already experiencing the impact of inflation, especially fuel and food prices.

Palm oil export is banned by the Indonesian government. The high price of CPO led to many planters exporting the palm oil overseas, depriving the local supply of palm cooking oil. To keep the price of palm cooking oil low and affordable, the Indonesian government has stop the export of palm oil. Also, the general population must be pleased as their general election too is soon.

Price is pushed up to be distributed to the dumb players in the market.

Smart investors will be distributing their shares on the way up.

Are you the smart or dumb investors?

>>>>
Posted by dompeilee > 2 hours ago | Report Abuse

99% of remisiers only want you 2 trade frequently to generate commissions regardless of whether you lose or not. Also they recommend expensive stocks (on the excuse they are dependable cos) so they'll get more commission. They are not called BROKErs for nothing lol
>>>>>


Invest in yourself. Educate yourself.

Then you would have converted your skill and knowledge to your advantage; and need not have to rely on those of the others, whose interests and passions may not be in congruent or even in conflict with yours. Hear them out but you do not have to follow.

My usual PE for Poh Kong is 4 or 5.

Looking at its last Balance Sheet Sept 2021 :

NCA 3b
CA 5.4b
TA 8.4b

TE 3.9b
NCL 2.4b
CL 2.1b
TE+TL 8.4b

Current Assets
Inventories 2.3b
AR 1.8b*
AP 0.4b

Debts
STD 2.3b
LTD 1.5b
Cash 0.3b
Net Debt 3.5b


*qualified

>>>>

Posted by calvintaneng > 1 day ago | Report Abuse

last chance to buy palm oil before all fly away

>>>>>>


last chance to buy NETX before all fly away
last chance to buy XXXXX before all fly away

Same tune, different time :-)

>>>>>
Posted by Sslee > 17 hours ago | Report Abuse

Bought some Petronm today. The crack spread is now too tempting.
https://www.tradingview.com/symbols/NYMEX-D1N1%21/
>>>>>>


Still trading based on "news". :-)

The whole market is on SALE!

Inflation

Supply factors

Covid pandemic
Ukraine war

Demand factors

A lot of free money in household. It will take sometime for them to spend down this amount before economy cools.

US economy is good. 400,000 new jobs created.


How to tame inflation by the Fed?

1. Increasing the interest rate, presently still behind the yield curve.
2. QT quantitative tightening

Challenges

To manouevre a soft landing. Economy growing at a good rate and inflation down to 4%.

Worry about crashing the economy, leading to recession. Low growth and high inflation = stagflation. Stagflation is very bad for properties and equities, which tend to crash.

Inflation is equivalent to a tax on your income. You have less purchasing power to spend.

Recession usually lasts 10 months.


Money in circulation comes from 3 sources
1. Injections by Fed QE quantitative easing
2. Income
3. Credit

Can also deploy now into defensive quality stocks for those with very long term investing time horizon.

>>>>>

Why stay in cash when we got super inflation everywhere ?

The cash is crashing very fast lah during this super inflation !

>>>>>>



For the next few months.

Cash
Bonds
Equity
Crypto
Defensive stocks

Bonds down.
Equity down.
Crypto down.


No where to hide.

Stay in cash.
Stay in defensive stocks.

Do panic.
Do not panic sell.

You need to have a long term perspective and the ability to pick a very good company with a durable competitive advantage business that can continue to grow for many years. All you have to do is just sit still. Watch its intrinsic value grows.

As for price of the stock, you generally should not be too focused on this. Focus on the fundamentals of the company always.

If the price is "low", you can acquire more. If the price is "high", should you be selling? If price is 120% of its intrinsic value (based on your calculation), will you sell? NO
If price is 150% of its intrinsic value (based on your calculation), will you sell? NO

When will you sell such a stock, for a long term investor, then? When it is obvious to you that it is RIDICULOUSLY EXPENSIVE. :-)

:-)

Yesterday was a day well spent. Driving in Selangor coast, we were directed to the various small roads by waze to avoid the heavy traffic on the main roads. It was great fun educating the youngsters in my family on the oil palm plantation activities.

This estate is newly planted. This is an estate where the plant is about 3 years old. This plantation is at its peak production. This is a very old plantation, its trees are probably 20 years +. This is an extremely old plantation, the trees are just very old 25 years or more; will need to be replanted soon. This is a well kept and maintained estate. This estate is poorly maintained. These palm trees are thick and healthy. These look thin and not so healthy. The soils of this plantation is very suitable for oil palm. These estates were planted when I was in late primary school. It was recently replanted about a decade ago. Small plantation owners with 10 acres shared they are taking home net RM 15,000 per month recently. During the bad period, they took in very meagre income, hardly enough to support their family without supplementing their income from other sources. Labour is a big issue today. Getting people to work is a big problem for the big plantations particularly. Small estates face the same problems too. Human networking and relationship play a big part in getting people to work the estates today.

You can learn a lot in an afternoon. Just sharing with my youngsters.

Annualising the last quarter EPS to project the forward next year annual EPS is applicable for a particular type of company only.

If you have a company that can grow its earnings y-o-y for many years (reflecting its durable competitive advantage in its business), you can safely employ this generalisation. In some of these companies, the earnings and growth can be so "predictable", you can project forward their future earnings and future intrinsic values with a high degree of probability. However, their stock prices are unlikely to be cheap except at certain market conditions.

For those who only use PE as their measure of valuation and there are many in this forum, it is very superficial way of looking at valuation and will often lead you into making the wrong decision. There is more to PE than meets the eyes.

If you can answer this question, you will probably have some good idea why PE may not be the sole guide to your investing.

"Why is a stock with a PE of 9 overpriced (expensive) and another stock with a PE of 129 underpriced (cheap)?"

Among the articles I like on valuation are those by intelligent authors doing comparative valuation of 2 or more companies. This article by KC shows how you can get a hold on the valuations of different companies in the same industry just by comparing them intelligently.

Welcome back KC. You have been busy putting your knowledge to share in your books. Very comprehensive, however, probably the lay person may need a much simplified version. Nevertheless, great effort and sacrifice on your part. Well done.

>>>>
And this was how the whole self liquidation movement of CEF's in Singapore started https://1drv.ms/b/s!AgLvGZpm89YslnanZSYxH-UUabGT
>>>>>


iCap may/will suffer the same fate.

iCap's performance has been lacklustre in recent years.

iCap prides itself in its superior strategy in its investing. An obvious strategy employed by iCap has been asset allocation based on its perception of the market overall valuation. In recent years, it has kept a lot of cash in its asset allocation presumably the market was overpriced. In fact, iCap organized many meetings a few years back to inform its investors of this based on their analysis.

Even such simple strategy of moving to cash and out of cash based on the valuation of the overall market is not easy. The market can remain irrational for longer period than the investor can remain solvent.

Still pricing the market is safer than a strategy using timing the market.

A fund's performance is better measured by its absolute annual performance. Based on this, iCap has disappointed many long term investors who did not get into this fund at its inception. The original investors who bought the fund and hold on to it till now remain rewarded, but how many of these remain in this fund to date? Perhaps, still a majority. (?)

For those who resigned from SC, I salute thee. I assume these resignations were related to the Serba Dinamik fiasco. Maybe I am wrong here and willing to be corrected.

Can I opine that the SC has been doing with all its might to do justice to this issue. However, many barriers and difficulties prevented this regulatory body from doing what it thinks is right. Once again, maybe the whole story is different from this too.

How do you value this company? :-)

Not a company for long term buy and hold.

Only for punters and gamblers for their thrill seekings.

Robert Kuok speculated on sugar futures in his early years and was lucky. With the big wealth from this lucky break, he has built his financial empire.

Peter Lim was involved in the restructuring and listing of Wilmar. He invested big amount into this company (including its derivatives) and he was lucky again, becoming very rich. With his huge fortune, he continues to multiply his wealth over the years.

When preparation meets opportunity, the lucky person is the one who is well prepared to pounced on the opportunity.

icapital.biz berhad

Seth Klarman

It is better to invest into a fund where the manager measures the absolute performance of the fund on a yearly basis.

It doesn't make sense for investors of a fund to be hookwinked by the comparative performance of the fund in the short term relative to a certain index.

Don't go overboard on plantation stocks.

Those who own oil palm plantations will know how wonderful the present high incomes are. Sure, some big plantations face labour shortages and the owners looked at the ripen fruits unharvested in many acres of their estates.

Unless the present price can be sustained forever, factor into your valuation a few years of good harvests and incomes, and discount these appropriately to arrive at a fair value for the business of the plantation stocks.