Also, who on earth will invest USD100billion into malaysia for electric car and why?

Mr Ooi,

Right now, electric car sales is not even 5% of global sales. Lithium cost etc is too high.

You know how many car manufacturers we have in malaysia and the volume they make?

You know how long it takes to launch a new car factory, esp one completely different since its electric, and to get it up to volume? Easily 3 years minimum.

And do you think when it gets up to volume, the car manufactured will even be 5% of the current manufactured in malaysia? Especially given malaysia low fuel cost and lack of charging stations?

Are you sure economy will be the same, and china wont restart some factories by then, or mahathir take away tariff?? You think can just fuck china on the mega projects with no repercussions or give and take?

How sure are you?

At this price, maybe lionind can buy, but i really dont know how steel price going to go. I dont want to rely on tariff make money.

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Posted by Ooi Teik Bee > Aug 30, 2018 06:49 PM | Report Abuse

Im afraid mr koon is wrong.

Believe me, he is not wrong.
He knows more than many people.
Who told me electric car projects will be started in Tanjong Malim Perak ?
Who ask me to study which company can produce stainless steel sheet in volume ?
He insists Lionind has very good future after takeover Megasteel which I disagree initially.
Now I agreed with him that takeover of Megasteel is a good move as recommended by probability in I3.
US 100 billion foreign investment in electric car will help to make Megasteel deal look good later on.

HBI is for export market, it does not depend on infrastructure projects in Malaysia.
Which company produced HBI in Malaysia ?

Thank you.
Ooi

Conned by your own stupidity lah. Take money out, put in fd. You dont have the brain or temperament for this.

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Posted by cheejun95 > Aug 30, 2018 06:44 PM | Report Abuse

Conned by operator

Loan alot of money mah!

Low d loh, average only 2.4%. Very odd.

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Posted by ngng > Aug 30, 2018 06:40 PM | Report Abuse

Why interest so high?

I also dont really know why, i studied coastal alot. I dont think samarang were expecting the inventory writedown, which is likely due to the ships not being delivered for one reason or another.

If the ship could be converted to cash, its a decent deal, but now, clearly not the case.

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Posted by jibbie > Aug 30, 2018 06:37 PM | Report Abuse

samarang keep acquiring. they really confident about the company

Im not sure how significant is the offset.

Icon how, you're the airasia expert.

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Posted by Kc Teh > Aug 30, 2018 06:35 PM | Report Abuse

high fuel cost but strong MYR that time ma, compensated.

Revenue per seat is down, cost per seat is up, so im guessing their margins is decent to begin with, and they upped the volume by a ton.

This is not bad.

Depreciation went down due to the leasing of aircraft, but the lease expense went up by same amount, so we know they are not hiding anything.

Hmm I wonder if its because they hedged the fuel cost at low price or?

I'm ok, might drop a bit due to the planned maintenance.

I dont mind topping up, if i got cash.

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Posted by alfreds > Aug 30, 2018 06:27 PM | Report Abuse

Other operating losses (118,458)

Well, i guess they were undercharging their interest expense.

still seem low though, at 2.4% per annum or so, if we take their interest expense, over all borrowings.

You must be drunk on pain.

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Posted by ming > Aug 30, 2018 06:16 PM | Report Abuse

Without share of loss, it can earn much more

I was not expecting that.

If drop to 4.5sen, i think can consider. Hahaahahahahahah

Why liquidate, OLH good businessman.

Holland result hahahaha At this price, im happy with the result.

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Posted by JJchan > Aug 30, 2018 04:33 PM | Report Abuse

how to liquidate, OLH holding 90%

Futureeyes, do you mind predicting next quarter for me also?

haha.

I have no idea man,Steel industry, this kind of price abit hard, given extraordinary one off circumstance before this.

CharlesT, this is my favorite comment.

I use this for marketing now. Hahaha

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CharlesT Jon Choivo Annjoo, owes 800mil to the bank. The current earning they have is due to tariffs and China cutting down capacity.

Given their record earnings, they will still need at least 4 years to payback the debt.

Seeing the above i have to get worried if u managed my fund
20/07/2018 08:21

Fuck the IB, fucking idiot go release report for fucks ah. Simi, make my cost go up only.

Its not the commodity business i'm interested in.

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Posted by 3iii > Aug 30, 2018 04:06 PM | Report Abuse

Chickens and eggs business. Earnings can be very volatile.

Buy only with a large margin of safety.

Gruesome to good business at best.

Not enticing for the long term.

I think you should take out money, put in FD or China Index, and dont look at market anymore.

You don't have the brain or temperament for it.

At this price, very hard to get a holland result. Drop in profit from prop dev is expected. But this is a profitable business selling at less than liquidation value.

No need think so much.

But i really dont have any special insight into it, beyond it can potentially be managed better under gorbind and the new gov. Up to you.

I don't see a reason to buy it today. I'd rather own petronm than media. Or maybe many of the property counters today that are still very profitable, with great capital structures, but selling at liquidation value.

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Posted by TakeProfits > Aug 29, 2018 08:33 PM | Report Abuse

I bought some wa that bank today. Will hang on to it..and wait I suppose..
You really born in 1992'.Wow, you such a young fart and pretty smart too..
By the way, JON, should I hang on to Media. Got a bit kaput with this one..

Fucking pump and dumper.

Haha depends. Aeoncr have different things going for it. That's why I like it.

The economics I'd different from bimb.

Oh cheh, 90m negative goodwill lol.

Scare me, thought I stupid for a second.

Nice.

I was not expecting that at all.

khatu,

you should sell everything, and put money in fd or china index . Enough d.

At this rate, you might be going to mental hospital soon. Put the money in fd or china index, go find your wife, promise her you wont look at market anymore.

Then go desaru or a beach somewhere and relax for one month.

Yes. General financing purposes. Not a big deal for me.

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Posted by john0909 > Aug 29, 2018 05:26 PM | Report Abuse

there is a new loan/borrowings 240,000mil???

Interesting.

I would have preferred maintenance etc to scare people away long enough for me to pick this for 2019, but not so bad i guess, since i bought more last week.

You know and own the biggest one. The second is timecom. I wrote something on it a year or so back. Nice to see it vindicated this q.

But still got some questions that is unanswered, untill I can talk to management.

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Posted by TakeProfits > Aug 28, 2018 10:41 PM | Report Abuse

Jon, what's your top 2. If I may know. Since we are,already late comers anyway. Federal Lumber up again? Hmmm.

It's a punt, until I confirm my current thesis on consumer habits when it comes to processed food and the taste of the Japanese line of processed food.

Its only a 2% position now. If I like the taste and have confidence in my research on the consumer habits, I don't mind making 3 or 4%.

But that is it, unless I can see the consumer brand grow strength from strength.

All this feed question, usd question, debt question is mostly a waste of time imho.

The question is if you can get the economic value of their line with the Japanese company right. If I get it right and it can get above average profitability, the 3 to 5 year price of the stock and warrant (3 year), will be very interesting.

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Posted by Outliar > Aug 29, 2018 12:09 AM | Report Abuse

Value investor Jon to sell LayHong after less than a month of holding? Surely not

Shahril stated that his salary was high because his shares were posted as collateral for the refinancing/moratorium.

Whipping up sentiment takes a long time.

Airasia sentiment took how long to whip up? You think just pure fundamentals? Hengyuan sentiment took how long to whip up? You telling me you still holding and waiting for PE10?

Trading that pop, is up to you. Maybe you're an angel and never traded that pop, but most people are not angels. And i doubt you didnt, because i sure would if i did.



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Icon8888 Don't be a two headed snake. You accused me of pump and dump "Icon8888, he buy already mah. After article, up few %, can trade that pop, easily few k d. If he can whip up the sentiment, easily few hundred k. "

Is Icon8888 a pump and dump or is he not ? Make up your mind, don't speak with both sides of your lips.

You are really getting out of control. See you Baby Jon.

No, you get nothing guaranteed, beyond a pretty decent understanding of personal finance companies.

Alternatively, that person can go read up on the history of credit cards and personal finance since 1960, a couple books on psychology, and learn how to value financial institutions.

I think that is more worth it than to pay me RM5k. But if you big boss with big position in the company im talking about and lazy read, pay me, i'll tell you and give you a very well balanced and thought out answer

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CharlesT What for selling tips to few waterfish here for rm5k? Can be rich ah? Can buy bungalow ah? Can change yr life ah?
26/08/2018 13:20

Average down yo hahaha.

But probably should take up the offer, too low. Around Rm4.5 to 5 is fine.



Posted by dompeilee > Aug 28, 2018 08:21 PM | Report Abuse

Those who bought between May & Nov '14 all cannot make $ despite takeover lol

Balance sheet is fine i think.

Still studying IPP's. If can prove to myself, its a winner, can close eye buy d. But so hard to get the needed confidence level.

Maybe should knock on ALP door.

I think you need to sell everything, buy china index and dont look in market again beyond topping up china index for the next 50 years.

Nope.

I need to eat the japanese chicken line, if i eat d, and its not delicious, i will sell half.

I'm betting on the consumer product.

in any event, its only 2% position. Both my top 2, which is 60% of portfolio did well.

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Posted by newbie911 > Aug 28, 2018 08:12 PM | Report Abuse

Jon choivo, u cut loss today?

Not that bad yet i think calvin.

Haha, discuss with management see if they let you hold as private company loh.

I ok geh.



Posted by dompeilee > Aug 28, 2018 07:48 PM | Report Abuse

Daiman also net asset play...I bought 2.61, NTA over 5.60, now offer -47% discount to NTA LOLLLL!

No, this is a stockpickers market.

If zero, i will do takeover offer at 0.05 sen per share.

I hope all shareholders sell to me then.

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Posted by somersby > Aug 28, 2018 07:45 PM | Report Abuse

People keep selling until 0

This is net asset play not earnings play.

Only thing is expensive and im not smart enough. Aih.

You all very funny, this kind of profit also say good.

This is left hand pass right hand construction profit. Better find out when cash call and right issue again.

Ah Mr Ooi,

Given your experience, im sure if recession come, you will still be around and can take advantage.

But i think that time need to be investor, during recession TA all go down. But if no falling knife, no chance to buy!! If have to wait above SMA200, might have to wait long long time.
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Posted by Ooi Teik Bee > Aug 28, 2018 05:12 PM | Report Abuse

Ans :
We are almost there.
Waiting for more people to sell and get out once and for all.
That is the time.
I am still waiting for that moment.
Keep cash and sailang when the time is right.
FYI, I was successful in 2009.
I hope to be successful in 2019.

Thank you.
Ooi

if it drops too much, ill probably buy a little more.

Lol hahahaha.

One off loss due to fire, PPE etc written off and forex loss. Oh well.

Every time, people say cannot find 10 baggers in malaysia, don't have companies with moat.

And yet every few years, another 10 bagger appear.

Its not no chance, we are just not smart enough yet.

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Icon8888 I am not against Buffettology. Who am I to question a great investor like that with solid proven track record ?

I AM AGAINST APPLYING BUFFETTOLOGY IN MALAYSIA.

Apart from Top Gloves, PBB and few others, how many Malaysian companies can consistently deliver growth like Coca Cola , Gillette, etc ?
25/08/2018 21:03