Excellent result.

Good, the more they fight, the better is it for us. We can collect even cheaper.
I love buying stocks when it's depressed times. Low downside, but relatively high upside.
Contrarian is the way in investing.

@SS3U - All the shares the company brought are not suffering huge losses, as when a company buy it's stock, it's being stored as Treasury Shares. Having less shares in the company will increase it's EPS. Please refer to huge corporation like Amazon, it's their regular company practice.

@CFTrader - Haha thanks for the compliment. You're a seasoned investor too. I like you too.

Quoting my version of Shakespeare's Hamlet, "There is nothing either right or wrong, but perspectives."

Really, it's just a matter of perspectives.

"Overall, the person's trade / investment will make tremendous gain, but alot of people will stucked at -(B1)- . They are not willing to admit mistake to buy back at a higher price. Once you can treat the number rationally, I believe we can make a far better profit. "

Sometimes, things are easy in theory, but in practically like today, Gkent shot up when everyone expects a correction or when nobody expects it. I've experienced this many many times before. Imagine you buying again when it shot up, you've already missed 20 cents. Wouldn't it be better had one hold from the beginning? This is the reason why I switched to buy-and-hold strategy.
Not to mention sometimes chart shows you one thing, the next day it gives you another. This strategy saves me a lot of brokerage fees too.

"I believe that I'm able to discuss the portfolio management, and the psychological side of investing with you, Ezra, which a lot of layman unable to appreciate the true value of the strategy."

I believe so too, as we're both seasoned investor. Even though our strategy may differ, I believe our exchange will give insight into each other's strategy, which will benefit both of us.

As they say "White cat black cat, a cat that can catch mouse is a good cat (孙子兵法也好，孙膑兵法也罢，能战胜，乃好战略也。”

@abangadik - Hi, thanks for the suggestion, no worries as I've already learn about it, together with the whole of Fundamental Analysis. In fact, P/B is one of the metrics I use in valuation too. :)
I only use Technical Analysis as a complement to Fundamental Analysis.

Company shares are being absorbed by company buyback and major shareholders. At least we knows they are doing things right.

Hi CFTrader bro, you are correct in a sense.
However, based my personal experience in the stock market, I don't think anyone can perfectly predict when is the peak and when is the bottom.

Mark Howards, the billionaire investor in his book once said, Technical Analysis is none other than “Random Walk Hypothesis”. A stock’s past price movements are of absolutely no help in predicting future movements. Even if a coin has come up heads ten times in a row, the probability of heads on the next throw is still fifty-fifty. It tells you nothing about what it will do tomorrow.

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

Personally I still use Technical Analysis today, but only as a guide to determine where the trend goes. It is not always accurate but it's better than nothing. It does not however influence my decision to buy or sell as an investor.
I've previously lost many multi-baggers stock such as Kerjaya & SAM due to selling too early.

If you wish, I'm still gladly to exchanging stock idea with you. What you mention about the Merdaka Sales is very much true. Cheers CFT bro!

CFTrader is correct.
"Be greedy when others is fearful, be fearful when others is greedy." - Warren Buffett.
Anyhow, I will continue to hold on unless fundamental changes.

Wow, cantik sekali! Ini memang bonus!

Stop speculating. If you look back at the technical chart, Gkent actually has been going up without much correction. This correction is long overdue. It is healthy for Gkent.
At 1.00, 1.40, 1.70, 2.00, people always scream selling. For those who want to sell, please fast fast sell.

A consortium led by George Kent (Malaysia) Bhd has emerged the front runner for a RM1 billion deal to build new tracks for the mass rapid transit (MRT) Line 2, known as the Sungai Buloh-Serdang-Putrajaya (SSP) Line.

http://www.theedgemarkets.com/my/article/george-kent-consortium-leads-mrt-line-2-job-race

If the two companies were to succeed in clinching the deal, it would be the third rail infrastructure project for George Kent in five years.

If it gets it, this is a fantastic achievement!

Wow! Fantastic performance.

@MoneyFace88 - Either you guys simply do not read them, or you are too stupid to understand.
Ppl here already discussed the last QR long time ago, need you to tell?

"For the first quarter of 2016, Group revenue of RM61.4 million decreased 28% against RM85.5 million a year ago mainly due to lower production output at the Lipis Plant due to a FIRE THAT DAMAGED CERTAIN MACHINERY. An INSURANCE claim has been submitted for these losses."

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


Posted by MoneyFace88 > Aug 11, 2016 09:34 PM | Report Abuse

Aiya, hold what tight, better dump soon. Revenue not growing for the last 4 quarter, in fact it is dropping. last quarter excluding the gain of RM 35 mil from disposal of a subsidiary, actually making loss. See below statement from quarter report. I already cabut liao. Good luck to those stil think this shit stock is good

Group profit before tax jumped to RM31.2 million from RM3.2 million a year ago after inclusion of gain of RM35.0
million on sale of wholly-owned subsidiary, Mieco Wood Products Sdn Bhd.

Go plot a graph from the quarter data from the link below and read the quarter report and you see yourself if I cam talking cock

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=L&securityCode=5001

Congratulations Icon!
Does anyone knows when is the next QR being released? Thanks in advance.

Let him say what he wants. Market couldn't be bothered about his opinion and does not give a damn about it.

The reward for patience taste even better when you have a sour grape.

First HLB, now Kenanga coverage.
All institution finally suddenly realized Gkent? Judging by the volume, these few days must be institution sapu-ing.

Thanks Koay, this reaffirmed my view that 20% growth is in revenue.

http://klse.i3investor.com/blogs/kenangaresearch/101622.jsp

Posted by riskabsorber > Aug 4, 2016 06:54 PM | Report Abuse

If the managing director has given the correct growth rate of not more than 20% in second half of 2016, then Tguan is in hot trouble.

As per 30/6/15, the profit was RM 11.7mil, let's say RM12 mil X 20% = RM14.4mil - RM13mil (in Q1'16), the current quarter's profit only RM1.4mil.

Unless the growth mentioned was for revenue, then will be RM334mil X 20% = RM400mil - RM180mil (in Q1'16), then current quarter's revenue will be RM220mil X 5% (marginal profit margin) = RM 11mil. Q1 & Q2 = RM24mil or 22sen.

Ezra_Investor “We are expecting a double-digit percentage growth of not more than 20% in orders in the second half of 2016,” - Datuk Ang Poon Chuan.

The hint is already given by MD himself.
04/08/2016 10:42

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

Don't quote me on that, it's covered in The Star.
http://klse.i3investor.com/blogs/ss2020_TGuan/100225.jsp

If you're buying a stock for a quarter or two's result, you're not doing it right anyway. Investing should be long term.
But I'd like to think the 20% growth is in revenue.

Stockmanmy can be a sour grape and say all you want. But Gkent will continue to thrive as long as the fundamental is strong, now that is a fact and common sense. Always applicable.
I don't care your SOP, SOQ, SOR, SOS, SOT... and the list goes on.

The fact that Gkent, JHM, Comcorp and so many others went up even though you talk bad about them, proves that you're wrong. And it is always applicable.

“We are expecting a double-digit percentage growth of not more than 20% in orders in the second half of 2016,” - Datuk Ang Poon Chuan.

The hint is already given by MD himself.

Guy Spier paid USD $650,000 for a lunch session with Buffett. It's a fair price.
But since you are no Buffett, no Seth Klarman, no Jesse Livermore, how much do you think a lunch session with you will worth?
Better more realistic CP, getting a more realistic part time job is better.

Well said, Yi. I mostly agree with what you said. =)

Just let me add one point.
The statement "Industry PE is only applicable by compare good vs good. So, using one industry PE across whole industry can be dangerous" is not entirely correct, only to a certain extent. Why?

Industry PE only serves as a benchmark - a guidepost for you. It is not mean for you to take it as it is. That being said, a stock does not usually run too far from the industry PE. There are exceptions to these of course, good company deserve slightly higher valuations while bad company deserve slightly lower valuations, otherwise, it may signal overvaluation or undervaluation.

Take Property industry for example, when the Property industry PE came down, most property stocks PE came down too, regardless the most solid fundamentals one.

Well, it is at least better than using Cold Eye's benchmark by taking EPS and apply PER 10 to it. That's the whole point I'm trying to say. I don't use PER though.

And oh, "If the tree kena poison, than both value and growth also die."

Haha, I like this phrase a lot. This is why one must do their homework well.
Make sure you don't invest in the wrong tree, and if you do, at least do it with enough Margin of Safety so that the poison won't kill you =)
Value in some cases still work though, a.k.a. cigar butt investing. You can give it a read if you're interested.

Cheers Yi! =D

Yi brother, From a neutral standpoint, first, let's not rely too much on IB's report. They all have conflict of interest one. You may take with a pinch of salt, but not with heavy reliance. Relying too much on them is like relying too much on your accountant to help you, but they may cheat your money.

Second, don't use PE, PE is extremely subjective from a person to person. Some stock can stay ridiculously high or low PE for forever depending on market valuations. A stock should be valued more than just price vs. earnings.
PE 10 is should also not be used as a benchmark, as different industry have different PE benchmark. You need to refer back to the industry itself.

Third, Value investing vs Growth investing. Growth is a bet on the future, an uncertain future. Therefore you may be paying for something that does not materialize.
Value is more consistent. Paying less than something is really worth today is less of a risk than guessing what will happen in the future. Warren Buffett describes them as “buying dollars for fifty cents.”

The Best Value is when you can buy Growth at a Value price as described by Howard Marks.

I do not know, and I can not forecast too much at the future earnings, as the LRT3 project has execution risk and the material cost fluctuates from time to time depending forex and market prices. Hence it may eats into it's profit margin. The 4.5bil is not certain and only serve as a budget benchmark.

Hence I adopt a Value Investing stance for Gkent. When Gkent was selling cheap, it was too hard to ignore. IV comes first, Growth comes as a bonus.

Wow, fantastic performance.

Nobody cares.

May I know which broker's report is that?

Wow, unexpected blessing.

Guys, let's just ignore this joker. Anyone who knows FA knows he's talking rubbish.
Valuation is part of the Fundamental Analysis. DCF, EV/EBIT, DDM, GCRM.
Better than his so called "BA" which dubbed "Bullshyt analysis". He talked so much but yet can not provide any substance when you guys asked.

Posted by stockmanmy > Jul 3, 2016 02:04 PM | Report Abuse

A lot of the FA are done to assess the liquidity risk of a company .....

It does not tell you whether a share is over valued or not?

It certainly don't tell you whether the share will go up or down unless it is a bankrupt company.

In extreme cases, one glance at the current liabilities vs current assets will tell you all you need to know about its financial stability......on the other hand, you seldom get such extreme cases unless it is already carrying huge accumulated losses.

Yes, fools are born every minute.
Fools are born and derived when they don't know what they are saying and doing, but acted like they know everything. Hence forever, acted like a a fool.

Sometimes, you talk things so stupid it hurts to listen...
Man, you really sounded like Trump. Talking without thinking must be your forte like him.

"If a business does well, the stock eventually follows. - Warren Buffett"

Don't get a sour grape just because you brought at 1.80 and sold at 1.90, Smart Alex.


Posted by stockmanmy > Jul 1, 2016 04:10 PM | Report Abuse

And the people who buys from you gets a dry well after that........

Smart Alex, sounds like a Trump campaign .............

2nd Scientex in the making.

New high, excellent.
Grats to all long time shareholders. Our patience pays well indeed.

A serious unfair takeover.
At NTA of 1.54, takeover, sell the assets, but pay us peanuts of 0.90?
No thanks, you can save the 90 cents to yourself.
Keep holding guys. If you ain't gonna pay us fairly, then forget it.

Done what?

Nvm, I'm too lazy to talk to you. I've also removed my prior comments as I don't see a point in teaching you about investing. Some can be taught about it, but others no.
All you do is keep speculating. If there is so many "if", everyone would be a millionaire, there won't be poor people.
The time spend is better well utilized to analyze businesses.

But it's business, not math stockmanmy...

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

Please stockmanmy.

Entreprise Value = market value of common stock + market value of preferred equity + market value of debt + minority interest - cash and investments.

Maybe it's best if you stop talking...

Posted by stockmanmy > Jun 30, 2016 09:50 AM | Report Abuse

enterprise value does not come from formulas.
enterprise value come from repeat ability of the income stream.


hahahahaha

@stockmanmy - "enterprise value of non recurrent income? "
Do you even know what is an enterprise value?...somehow I seriously starting to doubt your business knowledge now.

@chl1989 - I'm a business man and I find that offensive :)
How can you know if a business is doing well, or is actually hidden with deep shit if you dunno how to read the numbers? I know many companies make a profit every year on the surface, but is actually struggling financially every year. Numbers paint the story. If you can't read them, then you don't understand the business's story.

No worries stockmanmy, you don't have to tell me that, I've loaded lorries of Gkent since long ago.

“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return." - Benjamin Graham.

Common sense will tell you, buying an item worth a dollar at 50 cents price, is a no-brainer investment. It's Enterprise Value to EBIT is only 4 times... well, not like you will understand anyway.

Posted by stockmanmy > Jun 30, 2016 08:59 AM | Report Abuse

ezra...your money not mine.

you want to whack, whack la.

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

Please stop talking if you don't know anything about business or investing.
If you don't talk, people won't know that you actually know nothing.

Posted by stockmanmy > Jun 29, 2016 11:02 PM | Report Abuse

you forgot 1 thing.
nobody will giving GKent another huge contract.
PE not applicable.

EXCELLENT.

You're welcome, my friend. No need to be so formal with me since we're friends right? And oh, one more thing. The tagline "It Is The Future Earning That Matters, Stupid" is not entirely true.
I don't always agree with Ricky Yeo's statement, but what he says is correct this time. Lemme explain why.

Warren Buffett’s investing principles focus on return of equity, ROE. This is his thought.

“Customarily, most investors measure annual company performance by looking at earnings per share (EPS). Did they increase over last year? Are they high enough to brag about? For his part, Buffett considers EPS a smokescreen. Most companies retain a portion of their previous year's earnings as a way of increasing their equity base, so he sees no reason to get excited about record EPS. There is nothing spectacular about a company that increases EPS by 10%, if at the same time, it is growing its equity base by 10%. That's no different, he explains, from putting money in a savings account and letting the interest accumulate and compound. Worse still, there are many companies borrow huge amount of money to improve EPS, but the marginal return is way below its borrowing costs".

While I read this from other investing blogs, KC has wrote about this before.
http://klse.i3investor.com/blogs/kcchongnz/88007.jsp

Giving credit where it's due, my friend YiStock really deserve to be complimented for identifying this early. Well done.

Icon, If you haven't read "The intelligent Investor", I recommend this book to you. Understand 1 thing.

1. Graham's method of investing focuses on cigar buff investing & net net investing. Both of them are a double edge sword, as while companies may be selling cheap, they are not necessary a good investment. The quality factor is not the concern there. This is what is happening to Calvin's method of investing. It is not totally wrong, but very risky. That's why I don't discount his method of investing, but not a fan of it.

Buffett used to have this method of investing until his investment firm grew to a sizable size, but this causes him to start losing money later. Later, his partner and lifelong friend Charlie Munger, advises him to shift his method from "Buying companies selling at a cheap price" to "Buying good quality companies at a fair price". Hence Buffett come to where we know he is today.

This is also how he come to say he is "85% Fisher, 15% Graham" today, instead of 100% Graham.

Another person who does this is Fong Silling. He always advises people to own high quality companies. Does this help clarify anything?

Brexit is an overplayed issues from economic perspective. No need for too much concern.

To be fair, you don't need to be bothered about his portfolio performance. Because his portfolio performance is not the point in his articles. Besides, if he has 10 apples but few of them are spoiled, he still gains as long as his winners are more than his losers.

What you want is to learn how to fish from him, not for him to provide fish for you. There is no free lunch in the world, it's not a matter of whether he is rich or not. You want something, you have to give something. It's called the "the law of equivalent exchange".

@YiStock - thanks YiStock bro, appreciate it. I will certainly keep an eye on that.

As mention, almost there... waiting for breakout.
FA wise, it's IV valuation is worth more than 2.00.

Wait for it... chart is forming.

@kakashit - Just a reminder don't forget take out Mieco's one off disposal gain in chart when doing comparison yeah.
I think Mieco will excel as much as Hevea, given time.
Why? Just look at the FCF of both of them.
Plus should Mieco pares down the debt using the disposal gain, it will further cut down the interest expenses significantly.