https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-08-20-story-h-154069096-BAT_Trade_from_the_long_side_in_broader_downtrend

With BAT prices falling the past 3 weeks, you may be tempted to go long in BAT.
If you can't avoid this "opportunity", then, at least, be disciplined about it.
Study this article carefully and try to figure out the opportunities to win.

Disclaimer: If you are NEW or a NON-trader, avoid BAT

If you are a variable trader that sometimes win, sometimes lose - the key to winning BAT trade is to do at least 4 things correctly. (1) Time your long entries perfectly. (2) Time your profit taking perfectly. (3) Position size correctly so as not too big, in case #2 eventuates. (4) Posses the right trading mindset.

If I didn't have a tiny position, I wouldn't be interested. However, my sell at RM8.9 still wasn't executed, so, I'm now losing a tiny bit and hence, I am stalking the trade.

Waiting for the "right opportunity" to enter a bit bigger than my original "tiny" trade. It would still be very small, smaller than my other investing positions.

Good luck stalking and hope you win!

Ok. Today, accumulated a small amount of PCHEM @ 5.45 for initial entry position. Queueing at lower prices and let's see if they get hit or not. Happy not to chase.

Nice move today. Thank-you Mr Market!

https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-08-19-story-h-154100812-PBBANK_looks_like_a_breakout

Hahaha ... I shouldn't have published this article! Today, PCHEM shot up to 5.63! Even though this is big cap! Lesson learnt!

https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-08-16-story-h-154189035-PCHEM_Approaching_Accumulation_Zone

It's obvious from long term price charts, that this is a cylical stock. Every 4-5 years, we can reasonably expect to see a "cycle" low and it's now around this time +/- 1 year or so.

Long term Position traders patient enough to hold anywhere from 6 months to 4 years will be keen to get something as part of a highly diversified portfolio. No need to read annual reports, quarterly reports, news or anything. This is a large cap stock with market cap of RM42 billion and is owned by respectable funds and institutional investors.

The long term strategy is simple. From 5.30 down to 4.30, just split your bullets and buy as price keeps going down. Let Mr Market decides how much profit you will get and not you. If 50 stocks, neutral is 2% capital, target 1% to 3% capital and let Mr Market decide how much between 1% to 3% capital to give you.

There is no need to monitor the prices daily or even weekly. Just once a month is enough. Once you have a position, and prices starts to recover, just key in target sell prices, also in bullets and update once a month.

This should meet my minimum target of 9% per annum over the next 4-5 years, with very high odds. Maybe even double or quadruple depending on the recovery. Again, let Mr Market decides the returns you'll get.

Never force the trade. Never force the returns. Just relax and enjoy life outside Bursa.

We'll come back and review this recommendation in 4 years time.

https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-08-08-story-h-155021512-CEB_Quick_Update_2_Added_at_36_and_40_sen

Last Thu noon, I drew the first resistance at 54.5 sen in the post above. The past 2 trading days (today and last Friday) got stopped there. Now, the first test is whether 50 sen support will hold. If breaks and close below 50 sen, then, we may have seen the swing top and weak holders will be worrying. 😂

(Always fun to see how market shakes the weak holder with no holding power.😅).

Personally, I doubt CEB will cross 70 sen this quarter. That's because that's the first price that Christina sold (2 million at 69.5 sen). My guess, it needs more time and better results to beat 70 sen. Alternatively, a big buyer excluding EPF (speculative, no signs yet).

(Also nice to watch the impatient's weak hands over next quarter. 😅)

This forum is too active, the stock is too hot, ranking 1000 all the time. If there was really a buyer, he will cool down for a while.
On the other hand, if no buyer, then, all these activities won't cause price to go up anyway ... 😅

Chill and relax ...

PBBANK typically announced dividends at 2nd half / end August. Last year this time, it was 9 sen. I hope this year, this time, it can improve its EPS YoY and look forward for it to maintain the 9 sen dividend for this year, before growing in the future.

PBBANK is very resilient.

Last week when Japan fell 12% and small caps fell 8%, I waited to pick up PBBANK at 4.06 hoping that it would do a gap fill to add. That didn't happen. The lowest was 4.08 and I missed to add, even though it is my 3rd largest holdings. And last Friday, it's back to 4.24 like as if the fall to 4.08 never happened.

This stock has recovery power, as I have blogged before.
- you want to own this for long term wealth accumulation.
- you want to buy more when price gets lower.
Owning this and 30 others stocks (in a diversified holdings) will help you grow your wealth over the long term.

If you are still in accumulation stage (e.g. in your 20s, 30s, 40s, even 50s), you should welcome lower prices.

She has a very fast-track career, from Management Trainee in 1988 and in a short 11 years, became General Manager in 1999. She's clearly a seasoned veteran, with 25 years at GM/CEO level. 25 years at that level is an extremely long time ...

The value of her CEB shares has crashed tremendously - people tend to anchor from the peak, and at the peak price > RM1.50, plus her original up to 400 million shares, the value of her CEB shares would have been RM600 million. Today, entire market cap is less. Who can imagine the size of this type of loss?

👏👏👏👏👏. Congrats to all who bought cheap. I haven't sold any yet as I feel this week's price is too low and looks too early to sell.

And selling at 38 sen, when price was once over RM1.50 ... why didn't she took profit then above RM1.50? Greed?

Then a "desperate, greedy, non-business savvy CEO" ...

“The filings showed that the shares sold were from the pledged securities account, which means Christina faced forced selling. The sharp fall in the share price caused the margin call,” a dealer told StarBiz.

Pledging potentially volatile shares, to borrow a fixed loan doesn't make sense ... have to make you wonder - is the CEO really that business savvy? (No) Or desperate? (Probably) Or this is not the real reason? (Who knows).

Unfortunately, a desperate, non-business savvy CEO is not exactly someone you want to run your ship ...

https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-08-08-story-h-155021512-CEB_Quick_Update_2_Added_at_36_and_40_sen

Enjoy.

The past 3 days, I bought 12 different stocks cheaply on the basis of this indicator that suggested that majority odds US markets will recover.

Of course, I didn't know for sure that it will recover, just know that majority odds and if I buy across a wide range of stocks, I should do okay in 3, 6, 12, 24, 60 months time. In the end, I managed to buy 12 different stocks cheaply. Roughly half my orders were hit, the other half didn't. So, it was nice and I am thankful.

Our jobs as investors is to try to buy above average / good quality stocks at attractive prices especially during price dips, market corrections, market crashes, pandemics, during wars, etc. when prices are temporarily depressed, especially in the middle of a bull market.

And because we will never be sure, diversify, diversify, diversify. So, always watch position sizing too. During this round, I didn't need to withdraw monies from EPF, etc. Just use my own cash that has accumulated from various sources including dividends, realized gains, past profits retained, etc. with still balances in the stock account as not all buy orders were executed. I was eyeing for many good quality stocks but their prices didn't fall that much at all, so, nearly all of them were not triggered.

Many experts believe the yen carry trade might not be over yet. I don't know and don't really care much about their opinions as there are so many with different opinions out there. Yes, there's obviously a yen carry trade there given how low the yen interest rates are. But our jobs as investors is to find good quality / above average stocks to buy at an attractive price. I didn't fully manage to do so, but the more "speculative" stocks I bought seems to be doing good as they are bought near the lows. But let's see as markets are always unpredictable.

During the dip yesterday, I was lucky to be able to be added at 4.20. Almost missed it. See my comments in my article here - https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-08-03-story-h-155147148-GENTING_Will_RM4_50_Support_Hold

During this dip, I added to my GENTING holdings at 4.20.
I had a brief chance to add at around 4.1x or so, but I hesitated and when I decided, it was already 4.24 so, I just queued at 4.20 and went ahead with my daily work routines. After workday, checked and noticed it was hit!

Good luck!

https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-07-30-story-h-155916111-CEB_Quick_Update

Hi. I gave a quick update on my purchase on CEB this morning at 36 sen and 40 sen in the comment section of this article link here. Very lucky to have been hit very quickly after market opens. I queued quietly before market open, then, forget about it and went on with my work. My mobile pings me that my orders were hit. I still ignored and just went on with my work.

Overall, the past 3 days, I bought 12 different stocks at varying prices by not looking at the market but just queue lower based on price charts. About half the orders were never hit. Happy the others got hit.

Good luck!

Thanks. Today, I shared that I "tikam" CEB at 36 sen and 40 sen. I bought a dozen stocks quietly on Monday, Tuesday and Wednesday as I felt VIX was at an extreme a couple of days ago over 60 and felt that markets are going to recover. I queued more at lower prices but was not hit on many stocks. But roughly half are hit and that's good enough for me. Very lucky enough was hit. Now, nothing to do but just sit tight and let markets make new highs again.

36 sen is ridiculous price, given 16 months ago, the stock was IPOed at 90 sen and just 8 months ago, they raised more capital at RM1.07.

The dividend yield was not attractive when it was say RM1 since DPS is only 2.21 sen. But at 36 sen, the dividend yield is extremely attractive.

The stock NAPS is 47 sen. For a newly IPOed stock, trading below NAPS is crazy!

However, I really don't know if this is a superior or above average quality business as I don't follow this stock.

I tried to buy quality businesses but the blue chips prices hardly moved. I eyed CIMB and didn't get it - all the big banks seem to have only dip a little and recovered. Even TENAGA went back up to nearly RM14 after testing RM13. The recovery is a lot faster than I had expected, so, that's kinda nice bonus.

The stock is still downtrending, so, hopefully in the next few months or years, it will go up to retest its downtrend like channel. That's usually like a magnet if the business fundamentals don't deteriorate too much. Hopefully in a bull market, more stocks prices will rise and CEB included over short to mid term.

I bought 11 other stocks quietly too. Some you can guess because I blogged about it. This includes GENTING at 4.20 (hesitated and missed 4.1x) and a few others. The point is the past 3 days are good days if you believe this recovery is shortlived, as I have blogged about how VIX spiked up above 60 and came back down fast which led me to think odds are good that this might be short lived. Nearly all the stocks I bought during this time - I have confidence that in 3, 6, 12, 24, 60 months time, the gains will be nice ... The great thing about stocks with recovery power is that you can utilize your cash to buy them as they get cheaper. This past 3 days was only a small dip. In the future, there will be bigger corrections with better opportunities. Until then, nothing to do and "do nothing".

Cheers and best of luck!

https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-08-05-story-h-155111599-VIX_says_buy_the_fear_this_round

Good luck people!

There’s an interesting article on Barton’s on What 100 Years of Rate Cuts Says Happens Next. Here’s an extract and summary

The Federal Reserve appears to be gearing up for a September rate cut. A century worth of rate-cut history shows it’s good news for the stocks—as long as the economy stays strong.

The Fed, which concluded its July meeting on Wednesday, opted not to cut its benchmark federal-funds rate this month, but added hints the rate could move at central bank’s next regular gathering on September 17-18.

:

The bottom line: if the Fed does cut rates and the economy remains strong, history suggests investors should look forward to additional stock market gains. But they may be more modest than what investors have enjoyed in the past.

Buffett is usually too early. https://www.businesstimes.com.sg/international/global/berkshire-halves-apple-stake-boosts-cash-us277-billion-it-gets-defensive

I'm a similar hybrid "investor" on GENTING. There's a core holding and then there's a portion for trading when I don't feel it will break out. My last sell/buy trade though was an exception where I sold off everything and buy back what I sold. I didn't look at GENTING for many years due to 2011 peak and falling, only finally entered GENTING over a year ago, although I consider myself long time investor and trader with 3 decades trading and investing experience. My entries into GENTING ranged 4.07 to 4.40. It's buy, buy, buy, buy, sell, sell, sell, buy, sell, buy with last trades (sell and buy) covering all holdings. The last breakout (above the short term downtrend line) above 4.80 I felt was "fake" and since I am satisfied with the returns, I took a bit more "risk" to sell off everything. I later liked the TauRx prospect with the 29 Jul announcement and so decide to buy back everything sold. Likely I will hold till end this year but depends also on how the price charts evolve in the future.

A couple of weeks ago, I sold off all my GENTING holdings at RM4.80+. Last Friday, I was quite lucky to be able to buy back all of them at RM4.50 precisely.

I am unlikely to repeat this this year, in view of TauRx MAA by/before end this year. Blogged about it here. I think this time, if price goes lower, I'm more likely to add for a short term punt up to end this year.

I am mostly a dividend investor, but I also punt technically and trade here and there in a smaller way. Best wishes to all GENTING investors here!

https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-08-03-story-h-155147148-GENTING_Will_RM4_50_Support_Hold

I exited the rest of my PESONA holdings at 22.5 sen - not the best price, missed better chances, but still, 17% in 1 month still beat my modest 9% per annum target, so, feeling blessed and contented .... Raising cash for other opportunities. All the best!

She owns tons of CAPE shares ... 2 million shares is "kacang putih" for her.

KUALA LUMPUR (July 31): Cape EMS Bhd (KL:CEB), whose stock price has fallen over 30% in the past week, saw its managing director and chief executive officer Christina Tee Kim Chin disposing of 1.895 million shares in the electronics manufacturing services firm on Wednesday.

According to a bourse filing, Tee offloaded the block of shares for RM1.27 million.

Following the disposal, Tee's shareholding in the company dropped to 37.86% from 38.05%. Nevertheless, Tee remains the largest shareholder of Cape EMS, followed by her sister Kim Yok, who is also the executive director, with a shareholding of 6.81%.

Or too good to be true? 🤣
PS. Nothing is guaranteed - all "high probability" setups eventually fail.
PS2. The long red candle this week is scary indeed, but not final yet and volume is still not yet complete.
PS3. Whilst charts are beautiful, I'll take fundamentals over technicals any time. Out of the past 10 years, this company's EPS is negative 70% of the time and positive only 30% of the time - won't invest for sure. Maybe cyclical, if trade, must sell later and not hold forever. Last quarter EPS is higher YoY, but no idea if will continue higher in future quarters or not.

Here's what I see ...
https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-07-31-story-h-155233923-VELESTO_Elegant_Chart

Looks like a high probability setup, with great RRR no?
Disclaimer: As usual, you are solely responsible for your own trading and investing decisions.

"Back to basics, 0.71 consider big discount and undervalued now . IF based on forward eps 5x18pe , the fair value should be 0.90 in 2024 !!"

@ivanlau, EPS may not be 5 - I suspect majority odds it will be lower given the warning. Today is 30 July, odds are high someone already knew a potentially weak 30 Jun results.

Additionally, price is downtrending - in such a chart, it doesn't get valued at PE of 18 yet. To get a PE of 18, the price chart need to transition to sideways and the bullish. It needs to do a U turn to get PE of 18.

The price low is hard to predict. There's a very wide range, if use fundamental metrics. It could be as low as 4 sen EPS (??) x PE 12 ~ 48 sen or 50 sen??? There's a lot of unknown on both EPS and PE in a downtrend.

Hence, I rely on charts during downtrend. Tomorrow is not the day to collect for me.

At the very least, wait until the first leg of say a Double Bottom is formed. This chart pattern will not have a "V" shape recovery - extremely low odds. Waiting can take days or weeks.

@Augustine, eventually. Once price has settled, with high probability pattern. Not tomorrow.

In my past life (over a decade ago), I was a very active trader, including Day Trading the US markets. There, you can short relatively easily. When a setup like this occurs, the opening price tomorrow is great hunting ground. Usual price action tomorrow is to try to run up. Wait for exhaustion signs (e.g. momentum indicators) on 1/5/30min candle near resistance and then short. With the downtrend behind you, odds of winning a high. Scalp and walk away and enjoy the day off with fast and big wins.

Just saying, the downtrend tomorrow is more likely to still be there. Sure, there's always a chance for a reversal, but Day Traders - seeing this type of setup - will be looking to see bull exhaustion near intraday resistance and then short again. Don't fight the shorts.

Anyway, that was a lifetime ago. Nowadays, I just walked away and don't even watch the entire day prices. LOL.

Price closed below yesterday's low (69 sen), to close at 66 sen, with intraday low of 64.5 sen. Volume still higher than normal. Fear is still there.
1. This is still a "falling knife". Don't be a hero. Majority odds you get sliced. Minority odds you turn out to be a hero. A professional trader trades with the odds. He doesn't gamble when the odds are stacked against him. Do nothing tomorrow.
2. The line in the sand to watch is 64.5 sen. See where tomorrow's price close - above or below 64.5 sen. I.e. no need to watch the price tick or the market tomorrow - just leave it as it is and relax!

I updated my observations in my blog article here in the comments - https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-07-30-story-h-155916111-CEB_Quick_Update

9.46PM Update. Just finished work, dinner, home chores. Saw the closing Price 66 sen and intraday low 64.5 sen. So, now we have:
1. New Resistance #2 = 69 sen, as today's price did not close above 69 sen.
2. New key low of 64.5 sen to watch out for tomorrow.

Downtrend is still intact. Knife is still falling as of today's close. Do Nothing. Wait until tomorrow's candle is printed. After work, reassess.

There are a few possibilities:
1. Price breaks below 64.5 sen and closed below 64.5 sen = Falling knife still intact. Do nothing.
2. Price breaks below 64.5 sen and closed above 64.5 sen = Indecisive. Do nothing.
3. Price does not break below 64.5 sen, but does not break/close above 69 sen = Consolidating. Do nothing.
4. Price does not break below 64.5 sen, but breaks above 69 sen and closed above 69 sen = Rebound attempt. Do nothing.

Especially if you already have a position much earlier at say 95 sen and is already having a full size like 5% capital, do nothing in all 4 scenarios above.

Wait until a high probability pattern appears, and then, make your next trade.

Be precise.

Hope this helps. Gotto run.
https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-07-30-story-h-155916111-CEB_Quick_Update

For full disclosure, today, I want to share that I did queue to buy BRIGHT for 20,000 shares at 0.215.
I planned to spend ~ 4k to buy, which is insignificant - whether I win or lose does not affect my portfolio.
I would have to add another zero behind to make it significant enough.
And guess what? The tiny volume.
Trading volume so thin, I am only filled partially like 18,000+!!! This doesn't move a needle.
Hence, there is another real practical reason why I don't trade this stock or other stocks with very thin volume.
Hence, just pass this trade.

As for my 18,000+ shares, let's see what happens to it in the medium term. It's supposed to be safe right? 😂

It's more than the trader. It's the market also. Warrant markets are more restricted than stocks.

Winning warrant traders will find that it's not hard to win a few hundred say RM500 profit.
What is harder is winning RM5000 from the same market.
Even hard is winning RM50,000 from the same market.

The thing is the warrants issued - the market - is typically limited. The higher the % of profits required, the more likely it's a battle between you and the Market Maker and odds are you'll lose.

The problem with winning warrant traders is that they extrapolate the scalability, when it simply can't due to the limited market size. You will have no problem winning 7 digit from MAYBANK market but there is simply no profit of such size to make from MAYBANK warrants as it is simply not deep enough nor large enough.

Hence, it's a 7 foot hurdle even for the best warrant trader to win 100k or 1 million.

https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-07-29-story-h-155944778-UMC_Entry_Filled_What_s_Next.

For this type of chart, precision matters. I can still be wrong. Price is still downtrending. If it breaks support, then, nothing to do, until price stabilizes. Now, I just follow my plan and queue to sell at what I think will be the Selling Zone and ignore everything else. Plan the trade and trade the plan. Everything else is noise.

I note today's range is reasonably wide - 0.625 to 0.655. Price range like this is likely to fool a lot of day traders, or those watching price ticks whilst market is trading. Many times in my past life, I watched price tickers during the day, and got fooled to change my orders to chase. However, nowadays, I just leave it and don't watch price ticks. More often than not, when we don't chase, when we don't care what the outcome of the trade will be, we get better fills, better trading results, better outcome to the growth of our accounts.

Fwiw, 25 days ago, I published an article showing where I thought was the Accumulation Zone, which was what I had drawn - I thought it could be within 0.62-0.63. So, I queued to buy at 0.63 and today, my trade was executed. Today's low is 0.625. My position size is small, less than 1% capital, as I consider this a C-grade trade. Nevertheless, good to have skin in the game.

Just curious, did anyone else saw my article and took action?

25 days after this article is written, my queue to buy at 0.630 was filled. I queued this order just after I published the article. Today's low is 0.625.
This trade is just for reference.
The amount is small, less than 1% capital.
Let's see how this trade pans out.

If others have followed this recommendation, please feel free to share here.

This is why I don't bother with warrant trades. It's like 7 foot hurdle to win every single time.

1. If you are a skilled warrant trader, the contribution from warrant gains can only be linear, not compound. Else, you lose monies.

2. There are very few (say 1%) successful warrant traders, but they often (say 90%) hit a ceiling in terms of win size like say RM1k, RM2k or RM10k (rare to have someone consistently winning RM10k in say 20 warrant trades in a year).

3. Whereas if you are a stock investor with say RM2 million portfolio and makes 9% per annum, you double every 8 years i.e. each year, you make RM2 million / 8 = RM250k pa., or roughly RM21k per month. I don't think TheContrarian has warrant profits this big every single month over the past 8 years and I doubt this is his goal too.

4. 8 years from now, when your stock portfolio becomes RM4 million, imagine you will double again in 8 years with 9% p.a. returns. By then, that's equivalent to RM42k per month, every single month over 8 years. Can warrant trading match this every single month over 8 years?

5. 8 years hence, the RM4 million grows to RM8 million. Now, it's RM84k of gains every month, without fail, over 8 years. By now, I doubt there is any trader in Bursa with warrant gains like this size. When you get to this size you don't bother with warrant trades anymore.

6. This is the BIG difference between stocks vs warrants. It's not the same contribution. And it's not the same risk / loss profile too.

My guess is everyone's telling both to run. There's rarely one cockroach and they can't spill the beans.

To answer someone's question about BRIGHT vs PPHB - for your reading pleasure.
https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-07-28-story-h-155952537-BRIGHT_do_you_trust_the_Net_Cash_in_this_company

And guys like him, with tremendous resources, can live to a very advanced age. 80s is still young. Charlie Munger lives up to 99. Public bank founder Teh Hong Piau lives up to 92, and QLC may be longer than him. Technology to prolong lives gets better and better.
As value investors, our timeframe is only 3 years - if it takes longer than 3 years, it will only cause our portfolio to lag. Value investors buy low, aiming to sell high. It's different than dividend investors who buys and hope to hold forever looking for rising dividends for a lifetime to replace active income with passive income. If HLFG dividends is higher at say mid point between EPF and FD, I will buy but at this rate, it's a long wait to see 2.77% rising to 4.5% say. At 3% growth, that's more than 15 years wait. Hence, not suitable for my goals.

Essentially, HLFG investors are just waiting for him to be "charitable" to unlock value. Too difficult for me.

Imagine trying to go against the guy who owns 78% of the shares.
What can anybody do?
Let say someone plans to do a hostile takeover - he starts buying up the remaining 22% shares.
In the process, he bids the price up.
QLC can just ignore him.
Let say there's only 2 parties left - Bursa will come in and say you have to delist because you don't comply with listing requirements. It gets delisted, QLC don't care, you are stuck with unlisted stock owning 22%.
And QLC controls the dividends - he can simply cut down the dividends and your 22% now is not worth anything and doesn't even receive dividends.
This guy controls everything. Nobody dares to try anything against him.

I don't think QLC cares about HLFG valuations. Put yourself in his shoes. He's in his 80s. Why should he divest his shares when he's alive, if this risks someone else kicking him out? "Over my dead body!" - QLC cries out! ;-)

Put yourself in the acquirer shoes - why should they pay a premium to buy QLC out, when MV is so low? First, QLC won't allow it - same "over my dead body" argument.

I'm sure there's better ways (e.g. cousins in Singapore, bypassing children?). I'm sure there's a solution somewhere if several parties are willing, but problem is willingness is not certain when multiple parties are involved. So, this looks like a 7 foot hurdle to me than a 1 foot hurdle. I'll let someone brighter and smarter figure this one out. So, I personally pass HLFG.

In another chatgroup, an i3 forummer asked me what I thought of HLFG vs HLIND.

My thoughts on HLFG here - https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-07-27-story-h-155975787-HLFG_Is_it_too_cheap.

I avoid HLFG and prefer HLBANK but my holdings in HLBANK is significantly smaller due to the Quek factor. He owns too much. Additionally, none of his children are likely to succeed him. Shares that are willed to children who don't take over from such a dominant person are likely to be sold, and the market simply cannot absorb ...

So, the combination of very high % holding, stinginess to share profits with shareholders, the longer it goes, the worse it'll get.

This is more likely to turn out to be a value trap i.e. if the payout is barely matching FD, I can't be interested to buy.

Malaysia is not the same as the US. There are too many situations where PE and PB is so cheap, but due to tight control, there's just no way for market/activists to take a seat in the Board to force unlocking and without a mechanism to unlock, and Quek decides on the % of profits to share with shareholders whilst he is still alive, it'll be a long long wait.

As usual, just my view, you are responsible for your own trading and investing decision.