Dividendguy willing to share his share investment experience here is kind of nice but I m less pessimitic at BAT for next 3 years due to the next 2 quarter profit level should go up to 60 million n above by regain market share in Vape. By the way, what are the two most heavily invested stocks in your portfolio in 2023 until now??

I have read through 20-30 comments here, many said BAT has been in long term downtrend since 6-8 years ago n cannot just look at dividend yield to decide whether oneself wants to invest in BAT or not. It is quite obvious the dividend yield always moving up or down according to the movement of the share prices at one day( hopefully those more than 5 years experience in share market understand this basic) . I have quite different views with the views of Dividendguy due to I feel BAT already dropped to very low level when the share prices reached 9.10-9.15 few days ago. The main factors affecting the BAT share prices for next few weeks should be buying force versus selling force ( many ppl r selling especially those think Generation end game must be passed in 2 months time n those being affected by those experienced investors that BAT is hopeless since 5 yrs ago ) Another important factor that many at here seldom mention is whether the government able to continue to reduce the illicit cigarrete in the market n how well BAT pushing Vape to the market... If illicit cigarrettes being reduce another 15-20% ( or market share or legal cigarretes going up to above 60-63%), BAT net income per quarter should be able to go up to above 60-63 million. With the cheap valuation now, the risk just so so....... But it is truth BAT from Rm30 about 5 years ago to drop to current level of 9.20-9.50, I just started to buy BAT in 2020 with price range of 10.60-11.50.

Tomei is one of the most undervalued counters in Bursa ; with its profitability level n high NTA should worth above 1.40… Bad thing is many research houses r lazy to cover second n third liners plus many retail investors are only paying much attention to goreng counters ..

Hiaptek still undervalued at 43-46 cents range , its quarterly profit should continue to improve in next 2 quarters whereas HLG forget to rerate this better fundamental steel manufacturers after adjusting down the TP one year plus ago ….:)

BAT is quite cheap n high dividend yield at the price range of 9.10-9.50, n believe the cigarrete giant will grab back vape market that they entered in a bit late. Hopefully, coming quarter, the quarterly profit is about 57-60 million....

Focus point is another consumer stock that retail investors can pay attention to.....still quite low valuation, waiting for HL research to give new TP........ :)

Some retail investors keep saying they like farm fresh n they r valued investors.... But valued investors dont look at the valuation of one counter n dont feel doubt that why farm fresh posted 2 below expectation quarterly profits ....With extraordinary high valuatuon n PE, dont understand why the UK fund want to continue to buy in FFB? Long term investment for its potential or parking money into Bursa counter n waiting to cash out later when ringgit gone up against USD in next year??

Tomei is a good consumer stock n its profit has been increasing in past 2-3 years. With undemanding valuation n PE of lower than 3...It is a good choice for those want to use gold as hedge of inflation. For buying gold in Malaysia, only 2 ways one is buying physical gold coins or gold bar, second choice buying undervalued gold retailers like Tomei.. Besides high profit level, its NTA has gone up to above 2.70 with share price of 1.14-1.17, unbelievable...

Tomei got into pawn business but those are quite new into this industry n don’t think turn to red ocean so fast … Main competitors for next 2-3 years still the pawn business players in market ; PPjack extraordinary good quarterly profits in last 3-4 quarters giving investors more confidence toward EMCC… short term target should be 47-50 cents…

With PPjack profitability as model, Emcc should be able to go higher than 38-39 cents with above average momentum..

This forum if can get input by those long time investors will push up the standard of the retail investors in Malaysia, anyway thanks for inputs n thoughts by Dividendguy even though had sold out most of the BAT. BAT facing declining profits in last few quarters, I entered into BAT in 2020 ( roughly that time), entry time it looked like BAT ngam ngam reached the bottom level at that time....My average cost is not that high if compare to those buying this counter since 2016-17. BAT is an international company n the top management should put effort to catch up the market share at Vape market ( even though they were late to get in ). As U said, it is not correct or wrong to foresee the near future profit level for one counter, some find it is attractive at this below 9.80 level , some think the quarterly profit will keep falling, worth less than 9.00. Thanks MOBAjob for his views as well....

Property market still slow even in first half of next year due to purchasing power of many Malaysians just so so n if next year the US falls into recession or China property market bubble get burst , next year Malaysia property market back to pessimistic like 2020-2022…. It looks like property counters just being pushed up by short term players …

It looks like many come here to talk craps than giving meaningful comments. Integrity intelligent 's view is more rational than Calvintan . Dutchlady has lower quarterly profit in last 2-3 quarters but when the new plant start to operate, should be able to deliver better profit level n at the same time, I feel farmfresh is not a good choice for those want to invest in consumer product counters due to low profit level plus rich valuation.

It is strange that dividendguy has been too active at this BAT column even though he has sold all or most of the BAt.....Keep telling ppl to sell BAT as the nice guy to ask ppl dont be stubborn.......May i know what other counters in your portfolio n are U more in fundamental analysis or technical analysis? Any one know more detail what going on in the Vape market? For BAT to get better quarterly profit for next 2 quarters, the investors n top management just need the government to work harder to reduce iilicit cigarettes in the market..........BAT is undervalued if below 9.80, with so many ppl coming to this i3investor to give negative comments, either they know more or some force want to pull down the share price of BAT........ Not many research houses giving new TP for BAT in past 2 months....

HL research again? Still nobody really known what make BAT dropping from 10.60-10.70 to 9.30…. Only speculation is the coming budget would raise tax on cigarettes but BAT already at low valuation n price while it has dropped below 9.90….. Some said will drop to below 8.90-9.00?? Then at the same time , ppl buying overvalued FFB , MRDIY ?

If the current government doesn’t implement something like Khalid as minister time n put some effort to reduce illicit cigarette, the performance of next 2 quarters should be better than latest quarter… Below RM10.00 should be good time to average down cost ( cost per share )…. Buying BAT for sure is higher risk than Maybank but for her high dividend yield n possible turnaround n raised to RM11 n above … Local research houses r always behind time to give reasonable target prices or they have purpose to give extra high or extra low target prices to influence retail investors…:)

Looking good, if coming quarter turns stronger , able to head to 49-50 cents….

With the strong fundamental of Tomei plus profit before tax has gone up to above RM60 mil in 2022…. With gold prices has been at high prices of USD1960-2060, Tomei should worth more than 1.40-1.45…

With the prospect of higher profit in next 6 months n good dividend income , the share price should climb up to above $11.50-11.60… Bad news of last 2-3 months seem like faded as well …

MrDiy is facing problem of too many stores at Peninsular Malaysia with not well trained staffs ; if MRDiy continue to earn Rm100-110 mil per quarter , it should go down to 1.30 n below very soon . It is strange that reputable research houses like Aminvest n HLG keep giving very high target prices to MRDiy since one year plus ago , maybe they purposely want to lift the share prices …

It is still unconvinced that the research house only looked at the steel price index to adjust down the TP from 45-50 cents to 24 cents within 1-2 months time coz steel price just only one of the factors. It is truth that if next quarter result also making more than 30 mil loss will affect the fundamental of this counter.

How to calculate buy rate, guys??

HLG reputation being affected by suddenly downgrade Hiaptek TP to 24 cents 4-5 months ago … Then 2 months ago lifted the target price to 33 cents… With so many retail investors got below average analytical skills, it is like half manipulated by some research houses in many situations… The SC should give warnings to research house which like to lower down the TP by more than 40% without solid reasons or within 1 -2 month then push up TP more than 40-50% without solid reasons …They may violate some of the rules of manipulating share prices n don’t need to take responsibility for poor judgment…

Tomei is undervalued at Rm1.00-1.10 n its fundamental is getting better n better ; its profit before tax n net profit is getting higher n higher in last 4-5 quarters.

One quarter of loss would affect the confidence level of many retail investors but Hiap Teck has posted more than 7-8 quaters of profit....

Is Wheat a controlled item in Malaysia? The popular 1 kg Mfour flour , selling for 2.90-3.00 now ??

It will bounce back after the quarterly result out….

QL always with rich valuation for last 3-4 years; how is her Family mart doing in last 5-6 months , performing well ??

不错的分析，你是用什么平台/app来看它的share holders breakdown，多少票在外面versus机构与private公司拥有的股票/股权。。

Wang trader maybe correct don’t trade Kossan or Topglove for super short term ( 2days to 1 week),if retail investors got confidence for Kossan, should hold it for 12 months to 2 years, dividend yield is more than 15% if using share price of RM1.75-1.80 to calculate… In term of value n less negative issues , Kossan is better than Harta n Topglove but many retail investors don’t look at value that much , they prefer buying Topglove or Supermax… For RSS, that the professional funds doing with their advantage against retail investors but room fo drop for Kossan is much smaller than Topglove n Super… I believe Kossan bottom should be at 1.65-1.75 whereas Topglove still can drop to 1.60-1.80 if negative news coming out again …

Those new retail investors being too pessimistic n cautious until can’t see the value of Kossan ; many of us are not glove fans of last year or beginning of this year but if u know share investment n value investing, the value of Kossan then Harta n Topglove started to show recently… Topglove has made 2-3 big mistakes as I said in previous comments , share buy back of Topglove actually a big mistake coz burning her cash level n bought at high price level, very unwise… As long as Kossan able to post PAT of Rm200-220 mil , it shows Kossan can maintain profit level much better than Topglove ( Topglove lost the US market for 8-9 months n need time to get back orders from US buyers ) n Supermax… At below 1.90, even 10-15% cheaper than pre pandemic share price, buying Kossan has little risk compare to buying Inari at 4.00 or even lower risk than buying Topglove at 2.00.. don’t just look at the TP of few local research houses, they can adjust TP as big quantum as 40-60% per month ..:)

Am research given TP of 30 cents is kind of too low n even lost the largest customer, still got chance to get major customers to substitute half of Dyson volume in next 4-5 months … Unless this issue turn to be bigger issue n most US n U.K. companies reluctant to give sales to Ataim then maybe worth 35-45 cents, the logic of many research houses can be irrational or they want to exaggerate the scenario…

The comments here need to be logical n rational … Those pessimistic investors keep saying the top 2 manufacturers of China will flood the market with cheap gloves , this need to see the top 2 can produce how huge quantity in 2022 n our top 3/4 manufacturers have been in the market for more than 16-20 years, the expansion plan of top 7 manufacturers in world should be being cut dramatically due to much lower ASP in 2022… Those new entry into glove sector will face huge losses n can’t compete with big 4.. One more thing , the top 2 manufacturers in China mainly selling to China n some of the Asian countries n EU whereas our top 4 rely more on US n Canada market than EU market ( if I m not mistaken )…. The few research houses suddenly turned to even more pessimistic than 3-4 months ago as if pandemic already ended n those biggest manufacturers don’t know to cancel expansion plan …

This incident n further investigation of VS labour issue will affect the retail investors n funds have been investing in listed EMS companies… The valuation of these companies was high 4-5 months ago n it may trigger the market n research house to adjust down the TP for VS as well … The forced labour issue would make the cost of production at EMS companies to go up , same happened to big 4 glove manufacturers whereas the international brand like Dyson n so on continue to insist handsome profit margin while squeezing the EMS companies like VS, ATAIMs…

Stock raider is not talking business sense as well ; EMS/ electronic manufacturers can provide much better paid/ salaries than Topglove or other smaller glove manufacturers n with the labour organisation keep targeting local manufacturers, it is wiser to hire more local workers to reduce the risk n more automation in production… The thought of local people don’t want to work in factories or one Bangladeshi equal to 3 local people in productivity , more like myth than fact … Yup, the working attitude of many Bumi then Chinese n Indians r below average when compare to migrant workers who willing to work 10 hours a day but after more than 20 years, the thought of rely on migrant workers is much better than hiring local or be balance in hiring still affecting the thoughts of many big bosses n top management of manufacturers…

With the forced labour issues haunting glove manufacturers then now targeting ATAIMs n VS, it is obvious huge manufacturers rely too much on migrant workers n it looks like they r more likely to file complaints to those international/ US/ U.K. labour organisations than 4-5 years ago … The top management of many local manufacturers should speed up the process of more automation in production n hire more local employees… The government n Human resource ministry should look into the existed problems n giving some guidance to those large size manufacturers…

Besides ATAIMs n VS, which electronic electrical companies taking orders from Dyson ; labour issues will continue to haunt manufacturers in Malaysia if the US n U.K. labour organisations want the local manufacturers to upgrade their standards… Gogreen comments of last 1-2 weeks really below average, one person asked don’t buy the warrants coz not in value also being attacked by him ..:)

Even though Amresearch is more reliable than HLG/ HL research n smaller firm like Kenanga in giving target price to listed companies in last 12-18 months but setting TP of 30 cents still too low n irrational . If ATAIMs ‘s top management after more than 10-12 years in this sector still can’t secure other major customers to replace revenue loss from Dyson ( find some major customers to replace half of the revenue of Dyson first )then it showed even listed companies with market cap of more than 2 billion , their top management still kind of below average…. If want to follow the US n U.K. labour issue standard , believe half of the listed manufacturing companies in Malaysia should violate their standards …

If the top management can secure biz from 2nd n 3rd largest clients of the company n the damage still can be managed to certain extent, it is irrational to think to drop to below 20-25 cents whereas 1 month ago few research houses still given target price of RM2.00-2.50( kind of funny )… Labour issues maybe able to be solved but it looks like more n more companies facing the bad name of forced labour by the US n U.K. standard …

Be patient to buy at lower level ; market is bad n US market is dropping, don’t need to rush in so fast…

The shortage of aluminium n aluminium products being exaggerated by local research houses; next year profit before tax decide whether Press metal is overvalued or undervalued at 5.50-6.00 but with top Chinese manufacturers producing about 50% of the aluminium of the world, the aluminium prices at china should be good barometer to think whether shortage of aluminium is reality or just a news being wild spread by western top investment banks then local research houses…

The optimistic toward D&O mainly due to Telsa share prices going up like rocket n EV is one of the major theme for next 10 years? But in term of valuation, D&O already in rich valuation, be cautious..

Those strong supporters of Press metal n those buying Pmetal at RM5.30-5.80 should blame HLG n their research team........GIven TP of 7.30 even Press metal has climbed up from RM3-3.50 12-15months ago to now, share prices at more than RM5.50 n market cap of RM46-48 billion.....Whatever counters or producers of products, metal products gone up more than 100-150% in 1-1.5 years time, time to be cautious, dont trust those research houses more than 60% should be safer nowadays...

China is able to make steel prices to drop, as i said the iron ore prices was dropped to USD105-115 level 4-6 weeks ago, steel prices n steel billets should follow.....but even drop to below 60 cents today , ppl here got no right to blame or to scold OTB..........Going up times, most just follow the ship to sail, while facing headwind then feel panic n anger....

What happened to head of analysts of HLG ? Given higher n higher TP to Press metal ( like last year those research houses given super high TP to Topglove) whereas the shortage of copper n aluminium actually being exaggerated by the West/ top investment banks… With the rich valuation of Pmetal n the prices of aluminium can drop back to USD2600-2800 in next year if those top producers of China n Asia boost their production, don’t see any point those research houses given high valuation of PE 40-45 of next year earnings to Press metal …

If more retail investors understand value , it is normal that few months or 1 year from now , the difference of NAV with share price of Icap can be reduced to 16-20%…. many don’t understand invest in shares not only care for dividend income , there is capital gain which can be more important than dividends … If Icap sell more SAM n Kelington in next few months , realised profits will show in quarterly profit…. I think NAV is most important thing of a closed end fund like Icap ..

SincereStock, has been investing in Suria for more than 1 year ? This counter started to see daily volume up …. If most retail investors playing short term, sincere advice is valid, lock up some of the profits while the counter keep going up …

Sell KGB warrant first … below 1.60 then value start to come in …:)

KGB warrant has gone up too fast by goreng factor … the company has potential but Kenanga setting too high TP whereas KLCI has no momentum to go up in this week …

So far information n studies of OTB n Mr business is above average than others for this counter, thanks probability to clarify n to mention only Ann Jo n Eastern steel using the BF method ( using iron ore ) to make steels or iron billets n slabs … I have read one article about 2 years plus ago that only Eastern steel n one more steel manufacturer using blast furnace to make steels/ iron billets n slabs in malaysia , which is much more efficient n cost saving than the other steel manufacturers in Malaysia … Eastern steel has turned around to be valuable asset of Hiap teck after top steel manufacturer, Jian Long become major shareholder of Eastern steel about 12-18 months ago …. The knowledge of OTB n Mr Business should be even more intensive n deep about this counter than KYY ( KYY only said this counter is undervalued at beginning of this year)… Eastern steel mainly involved in iron ore mining n producing iron billets n iron slabs , by right falling iron ore price should mean higher profit margin for its iron billets n slabs…. Steel industry should be reviewed by those investment banks after China decided to curb her exports 5-6 months ago n do agree the profitability of steel manufacturers have changed after China changed her policy of steel manufacturing n to comply with gas emission n so on …