Where's the so called big selloff? lalat ada banyak lah, well, there's a saltedfish here, no wonder.

Charlie Munger: “The Graham value investing system is intentionally designed to underperform an index in a bull market; this is confusing to many people. The underperformance of the Graham value investing system during a bull market is an essential part of this style of investing. By giving up some of the upside in a bull market, the Graham value investor is able to outperform when the market is flat or down.”

“Never argue with an stockmanmy. He will only bring you down to his low level and beat you with experience.” ― Ezra.

Thanks but no thanks. I wouldn't wanna fall to a level as low as you are.


Posted by stockmanmy > Mar 28, 2017 04:38 PM | Report Abuse

If you can come to my level, your parents will thank God.

Ezra > Mar 28, 2017 03:35 PM | Report Abuse

KC, there is no need to waste your time with them.

KC, there is no need to waste your time with them.

“Never argue with an idiot. They will only bring you down to their level and beat you with experience.” - George Carlin

3 days of high volume. Must be some really big shots or institution have entered and sapu.

VROOOOOOOOOOOOOMMMMMMMMM.

Hevea was in financial trouble around that time la, caused by over expansion. But they have turnaround strongly since then.
Now that they are financially strong and stable, what's wrong with purchasing it from the director?

This is what people called "Picking bones from eggs".
Had the director not brought that time when it was depressed, who knows they might have to brought it even higher from someone else.

This is why you need to do homework before whacking people's stock. It only reflects how little you understands the stock.

I think it's a waste of time to try to reason with someone who tries to pick bones from eggs.
Anyway, I don't like to whack people's stock and falsifying stories, because karma awaits.
Well, good luck in your investment in evergreen.

To be honest, at Hevea's current financial situation, what is 14mil to Hevea's horde of cash anyway?

The dividend payment easily exceeded it.

The original cost of investment on the Land to the Vendor was RM1.638 million and the Land
was acquired by the Vendor on 8 April 2010 "VIA BANK AUCTION" by HSBC Bank Malaysia Berhad during economic downturn.

The Purchase Price in 2016 is arrived at based on a valuation conducted by Messrs. BT Properties on 20 May 2016.

If you have tons of cash during economic downturn, you can capitalize on anything. Don't say 270%, even higher than that is also possible.

Please lah, how long has it been since the director purchased the land?
No need to account for inflation and increased value over time?
And you called yourself an investor...

So the director must cut the price and sell cheap cheap?
But sell cheap also cannot one oh, like a certain someone kena investigated by MACC for buying cheap house.

@raider - raider, I'd appreciate it if you STOP SPREADING UNFOUNDED RUMOUR, and provide with actual facts. Otherwise you are no different from fake news.
If you really think they are cheating the money, go ahead and lodge a police report. Actually, please do so.

Here's the fact, In the latest presentation of by Hevea in March to fund managers and institutions, they have specifically stated that they have acquired the 7.7 acres of leasehold vacant land in Seremban, to build additional factory premises and production facilities for HeveaPac for the manufacturing the new veener-based products for customers in Japan. A report can be found from them.

The estimated completion date is around end of 2017.
How much capacity and projected improvement in revenue should be announce soon after.

Doesn't matter. As an investor we have all the time in the world.

Warren Buffett: “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years. If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes”

10 years, 20 years? No issue. On the contrary, as a trader I don't think he would wanna stuck in a stock for 10-20 years.
That's not trading, that has become long term investing already.

I don't think Ricky is being lanci. Yes I agree Ricky often can be quite skeptical, but he's definite not arrogant, otherwise he wouldn't offer to teach.

He is just pointing out the facts. I'd say he is closer to Charlie Munger, someone who point out things in a very blunt and critical manner.
Contradictory information is important. It good so that people can activate second level thinking.
If you can't take a little criticism, then you are very blinded by cognitive biases, specifically, confirmation bias.

https://en.wikipedia.org/wiki/List_of_cognitive_biases

I knew raider some time ago loh, before he came to i3 he was in investlah iirc. So highly unlikely.

star, raider is not saltedfish. One is investor one is trader.

Bollinger Band Squeeze.

star, why not compile it as a blog or write an article for easy accessibility? For example:

https://klse.i3investor.com/servlets/cube/blog/kianwei.jsp

At least you don't have to keep reposting, which is a hassle. You can just post the link to your blog / article.

Wow, gap up.

Actually cannot say liek that loh,
"There is nothing either good or bad, but thinking makes it so" - William Shakespeare.
They are traders we are investors, so naturally our stance are different. But as long as everyone makes money, that's all matters loh.

Well, congrats to abangadik, optimus and all other comrades here.

Aiya, small got small eat, big got big eat ma.
As long as everyone got make profit, syukur loh.
I like how you are being really humble and kind these days. It really shows the quality of a good investor loh.
As they say good heart and good mind brings good luck and prosperity. Keep it up plane!

Grats on KESM, Ekovest and Dataprep paperplane.

Dividend
Subject to Shareholder’s approval at the forthcoming Annual General Meeting, the Directors have
recommended a final dividend of 5.0 sen per share (FY2016: 3.5 sen per share) on the enlarged
375.51 million shares (FY2016: 300.41 million shares). In Ringgit term, this amounts to RM18.78
million (FY2016: RM10.51 million) an increase of 79% compared to the previous corresponding
period.

Proposed Corporate Exercise
The Board proposed to undertake a subdivision of every two (2) existing George Kent shares into
three (3) George Kent shares, thereby increasing the number of George Kent shares in issue
from 375,512,710 to 563,269,065. The lower adjusted ex-price of George Kent shares will make
the shares more affordable and improve the liquidity of the shares traded on the Main Board of
Bursa Securities.

Not sure how I felt about the share split, it may help improve the liquidity as long as they create more value I guess.

Wow, Gkent result is really stellar as we expected.
Long term investor are being rewarded for their patience.

Anyway, Revenue is not the best way to indicate profitability.
You have Gross Profit and Net Profit for that reason.
And it gets murkier the lower it goes in the income statement.

Some TL:DR basic highlights:
- Gkent's cash and eq further ballooned from 241m to 430m, crazy.
- Receivables jumped from 10m to 34m but at the same time Payables jumped from 72m to 117m.
- FCF remained strong.
- Borrowing has gone up to 57,319m, which as expected as they acquire more projects.

Most Profit mainly account from engineering
Revenue of RM155.21 million for the current quarter ended 31 January 2017 was 34% lower as compared to RM234.65 million for the corresponding quarter in 2016.

Segment profit of RM49.37 million for the current quarter ended 31 January 2017 was 53% higher as compared to RM32.23 million for the corresponding quarter in 2016.

Construction accounts for 97% of the revenue and 96% of segment profit
of the Engineering Division. The lower revenue was mainly contributed by the revenue recognised
according to milestone achievement.

Posted by zyrexho > Mar 17, 2017 04:47 PM | Report Abuse

only up 2 cents also consider strong?

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

2 cents? not sure if you are even serious, or just joking.

From 2.85 low rebounds to 3.17, if that's not considered strong then is what?

Going really strong, I don't normally forecast results, as they are none better than predicting the unknowable, but the share price should reflect upcoming result should be stellar.

@geary - You're welcome. I enjoy your writings on value investing too.
I agree with your point there, when it comes to value investing, many do not fully understand it, as they have little to no patience for value investing.

But little did they know:
"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett.

The Intelligent Investor, is indeed one of the best book on investing I've ever read.

"In the short term the market is a popularity contest; in the long term it is a weighing machine." - Benjamin Graham.

The most dangerous time to buy an investment is at the peak of its popularity. (2.70)
At that time, all the positive data and assumptions are reflected in the price.
Everyone that is going to buy has already bought.

The optimal time to buy an investment is when no one else wants it. (1.60)
At that point, all the negative data and assumptions are reflected in the price.
Everyone that is going to sell has already sold.

Understanding the relationship between Price and Value is essential to successful investing.

There is no such thing called "Opportunity cost" in investing:

(i) As long as you are invested, you are covered from deterioration of inflation (3% p.a.).
(ii) Even if you sold and switch to another stock, there's no guarantee it will 100% sure it will go up. Worse, it may go down instead.
(iii) To sum up the third, "Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it." - Albert Einstein.

Even if a stock remained flat for multiple years, for example, it goes up 100% on the 5th year, that equals to 20% CAGR a year.
100%/5 years = 20%

If you don't have the patience, then investing may not be your cup of tea.
You may opt for trading, which is a higher risk higher gain. Who knows you may do better?

Posted by stockmanmy > Mar 8, 2017 09:37 PM | Report Abuse

Ezra..


the only value investors are those portfolio managers making 5% or less p.a.



The real money is in Dynamic Investing and by super investors who sailang every thing

---------------------------------------------------

Another case of know nothing, talking b***shit again.
Please go find out what is the return of Berkshire Hathaway, OakTree Capital, Value Partners, Scion Capital before you open your big mouth.

Dynamic Investing, which fund practices that? What return did they have? Provide with numbers and facts.
You don't even have an investing record for your own investing returns.

Posted by stockmanmy > Mar 8, 2017 04:59 PM | Report Abuse
This article is better than value investing and those who believe stock prices are a discounting / forecasting machine


This is the real deal.
------------------------------------------------------------

>Had zero idea what is Value Investing.
>Tries to act like a pro and criticize Value Investing.

The above article is talking about Value Investing, smartass.


-Above article: "When you buy shares in a firm, you own a percentage of that company. Or in accounting terms: (assets - liabilities = shareholder equity). The stock price however is based (theoretically) on the previous number, plus the discounted cash flow of future earnings."
= Discounted Cash Flow Analysis

-Above graph:
=Contents taken from Benjamin Graham's book: The Intelligent Investor.

"Better to remain silent and be thought a fool than to speak out and remove all doubt." - Abraham Lincoln

wow sharkinsider, before spewing insults on others, please look at yourself first.

Posted by sharkinsider > Feb 23, 2017 09:26 PM | Report Abuse

Just as anyone is free to con others into buying, someone else is free to point them out...why are idiots defending those who try to use 'logic and talk about fundamentals' to con others into believing I can never understand...

Perhaps they are greedy and bought into the con and are now suffering losses and now want others to buy from them, at the expense of others of course!

-----------------

"But above all believe in my calls they never go wrong!"

-----------------

Saying others are conman while promoting yourself as a shark and insider?

So convincing, right?

Logically speaking, since they did not charge you a dime, they owe you no legal responsibilities or obligation, vice versa.
Caveat emptor, end of the day, you are the defender of your own wealth.
If you buy merely based on faith on people's analysis, who is to blame?

@abangadik - Hi abangadik, it's been awhile, how are your stocks doing?
Ya this is typical 溏心风暴 hk drama, so let them finish with the court case and all then only can they move on focusing back on the business.
But it's okay cause this stock has high book value, just need to unlock the value. Will require some patience loh.

@yfchong - I e-mailed to them before but received no information on the oil segment, so I don't know.
For plantation size and info, you can refer to here:
http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=3230
http://klse.i3investor.com/blogs/kakashit/96899.jsp

This is a transitional period where there is a shift of management, give them some time lo.

Be patient my friends in the same ship.
Without sailing through the tides, how can you reach the land?
Result is not as stellar as I thought, but nonetheless give them some time to work wonders.
Management is already proceeding with acquiring new machinery.
Plus USD still remain strong in the foreseeable future.

Havent you heard the proverb: "Self praise equals to no praise?"
What you are saying is essentially masuk bakul angkat sendiri, hahaha.
Thanks but no thanks, I don't need you to teach me.

Your own words back at you:
"there is no measurement of performance because they have no time frame.
it becomes like faith based religion."

Your investing method is no different than a faith based religion.

Stockmanmy:
slight variation...follow master goreng shares.

Risk Rider > Feb 21, 2017 10:53 PM | Report Abuse

From what you said, Dynamic Investing = follow news goreng shares

Unlike KC, you yourself got no track record, no measurement of performance, no time frame, what rights do you have to criticize value investor?
Pot calling kettle black.

FLB has to break 1.72 first, then only can it move up further north.

Just realized i3investor removed the company announcement button under headlines, that's stupid.

Please do not spam the irrelevant in Hevea thread. You can do so in your own Eveergreen thread.
Spammers are not welcomed. Please be a civil forum member, thank you.

yfchong, no need to stress.
Understand that WTK is an Asset play.
Asset play usually takes longer time to realize it's value when compared to growth stocks - usually up to several years.
But when it goes up it goes quite a lot, because you are bottom fishing by buying when it's at it's ugliest state. I believe WTK will turn ugly duckling into beautiful swan in the making.

Take an example you know, Can you imagine buying Hevea when it's 20 cent?

Raider, why don't you write to them to ask for answers? Isn't it better than keep speculating?
If not, at least go find out the state of the land. Is it a prime land? how useful is it to the business expansion? I'm interested in knowing too.
Who knows he has a land useful to the business and Heveapac brought it from him? What's wrong with that? It's a win-win situation.

Like my friend always says, in the Universal Declaration of Human Rights, article 11, states: "Everyone has the right to be presumed innocent until proved guilty."

I only believe a person is innocent until proven guilty.
Whatever you say is mere speculation, and can be taken to court for defamation if the owner of Hevea pursue such interest.
As a fellow investor and a friend, I advise you be careful of what you state loh, unless you are very confident.

Guys please, can you stop arguing like a children?
We are all fundamentals investors, hence we should act professionally like one.
Stop with all these baseless fact and accusation.


NTA is one way to invest, but not all. Raider is only saying half truth, but not full.
For example, if you neglect stocks such as DLADY, APPLE sole because their share price is higher than NTA, while buying companies such as PMCORP, XINGQUAN for their NTA, you would have made an investment mistake.
NTA is not the only yardstick to value a stock.

Understand that valuation is an art, not a science.
Cannot simply pluck a number and say it's overvalue.

stockraider:
"When both failed in investment arguement, the best settlement is share price performance loh....!!"
The share price performance determine return....very objective mah..!! "

After hearing you said that, I immediately understand that you are a "Value pretenders" - investors who brand themselves as value investors but actually miss the essence of value investing, which Seth Klarman warned about in 2005.

Warren Buffett once said: “You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right – that’s the only thing that makes you right. And if your facts and reasoning are right, you don’t have to worry about anybody else.”

The fact that you are so desperate in your argument shows a very different sign from the traits and characteristics that we value investor preach and practice.

Using market price as a fundamental indicator of which stock is better is the silliest thing I've heard in recent times.
You failed as a value investor.

Not interest coverage, that's not correct yfchong.
Interest coverage ratio is to measure your operating earnings vs interest expense.
He is trying to compare cash vs debt.

I believe leverage ratio or debt to equity should be a better measure if i recalled correctly.

@abangadik - Hi abangadik, thanks for the offer.
But I'm not interested in 2017 stock pick competition.
I did try to compete for 2016 one, but somehow TanKW missed my post and my seat was not reserved. The rest is history.

For 2017, I would go for hardcore defensive stance as we are approaching near the end of 10 years cycle.
And being hardcore defensive, these stocks won't drop too much, but it will also take extremely long time (up to several years) for them to realize their value.
Hence I am not confident I will be able to do well in the competition which has a time frame of only one year.

Best wishes to all competitors. May the victory belongs to the winner.

http://klse.i3investor.com/blogs/hleresearch/112136.jsp

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5294073

So many speculators, so little investors.