@oregami - "last 12m" = TTM my friend.

Well written, kakashit.

All my stocks result is out, only left Gkent.
Gkent should continue to do well. I have high expectation for Gkent.

I don't quite understand why Mieco's chart is so weak.
High volume breakout few days ago.

Still better than your Inari. Enough said.

Wow, Tguan really moves like rocket these few days.
Too bad I didn't brought too much last time due to tight capital.
Still happy holding it though. :)

This article is so stupid, it's a total insult to intelligence.

-Whoever who brought or sell a stock based on the stupid puns created, is the stupidest fool ever. What were you thinking, is this buying stocks in Pasar Malam?

-Just because a stock went up, you call it overvalued? Do you even fundamental analysis dude? Even though you've been preaching about all the investment theories everyday?

-This kind of analysis, you call it an analysis? This is more like guesswork and speculation. Please read Icon8888 or Kcchongnz article and learn how they write.

I don't often read your articles, but when I do, you give me this? C'mon Calvin, you can writing something more intelligent than this. I expected good writing from you, not nonsense like these.

Very high volume sell down...

@money - go learn from KC, he's one of the best fundamental investor around.
He spotted Hevea back in 25 cents if I recalled correctly. Liihen and Homeriz much much earlier.

Hightlights:
- Awarded Phase 2 of Kuala Lipis Hospital Project.
- Tendered for more hospital projects under 11th Malaysia Plan.
- Ampang Line extension is expected to complete with this year (as expected).
- LRT3 Project is expected to complete in August 2020. Progress has started.
- Metering Division won the tender from HK WS Dept, to supply 25 batches over 2 years of time.

Is anyone in Selangor going to the AGM? Can share with us the details from AGM?

AR 2016 is out: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5109781

Thank you for your sharing the details of AGM with us.

Thank you KC, for answering my question.
I guess like they say, "Investing is more of an art, than science", hence very subjective the methods of fundamental analysis.

Zombies never die... but they hide when so many zombie slayers is round.
When they are gone, you will see them poping out again.

Hi Icon, nice to see you here too!

Evli is also known as Evli Emerging Funds, is a funds specializing in investing in developing countries.

KC, I usually use 5 years data when doing Fundamental Analysis.
Do you advise to use 10 years data instead of 5 years?
Because I kinda think 10 years is quite far fetched because the macro and micro economy has changed drastically.

Haha KC, sorry but I'm no good friend of Desa. Though neither am I an enemy of his.
I'm just a peaceful passersby who is trying to correct an ignorant statement.

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

Posted by stockmanmy > May 29, 2016 06:29 PM | Report Abuse

why insiders not buying on good news one?

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

I guess this is what people called "Picking bones from eggs".
You know Desa, if you're smart enough, i3investor actually have a column that allows you to check insiders purchases.

http://klse.i3investor.com/servlets/stk/annchdr/5095.jsp
http://klse.i3investor.com/servlets/stk/annchsh/5095.jsp

As usual, do your research first before picking bones from eggs. Otherwise the joke's on you.

Please lah. They export to other countries, but it's denominated in USD.
Desa, oh desa. Please do your research first before you start criticizing without basis.

I totally disagree.

1. Warren Bufett once said: "If The Business Does Well, The Stock Eventually Follows."
Fund managers are just normal person like you and me. When a business is doing so well, it's just a matter of time where they will be attracted to invest in it, like any other individual investor. You'll be late to the party if you wait for them.

2. Warren Bufett: “You should invest in a business that even a fool can run, because someday a fool will.” In my translation, it's "You should invest in a business that even a fool can invest, because someday even a fool will."

This is why sometimes I ignore the technical chart, share price & market movement. To me, FA is utmost important aspect to consider.

Yi brother, have you sold your Inari yet? I heard that recently the result isn't so nice.
This is why I caution back then that buying rich valuation high growth stock is very dangerous.

Woah... even my most respected teacher, KC finally wrote an article about Hevea.
I'm really glad. Thank you KC teacher.
This certainly boost my confidence that it's a right decision to invest and keep holding Hevea all along.

To be honest with you KC, I was getting a little worried and impatient if I made the right decision by keep holding and not selling. Even though I sticked purely to Fundamental Investing (because TA wise, Hevea's chart is not looking nice), as the price dropped a lot recently and remained flat for a long time.

Your article certainly reaffirmed my decision. Thank you.

No offense lah, just being critical only. I've been holding Hevea also.
If you want you can stand by your calculations, while I will stand by mine too.

Your figure will most likely get wrong because you're using 2015 AR as benchmark.
They have paid all USD denominated loans in as of March 2016 by settling one (1) year ahead of the original repayment schedule. By doing so, it will affect the interest expense.

Agree with kakashit.
Sometimes in business, there's are just unexpected factors like this.

@kakasi123 - I'm not referring to Multibagger's or YiStock's statement, because I didn't read their comments. I'm referring to Harry's whole article.
如果笔者的【估算+预测】是正确的，那么HEVEA也够可怜的。不过美金起获跌都亏钱，但是还好亏不多。共勉之。
Utter nonsense.
Hevea result is out and proved he is wrong.

The profit before taxation ("PBT") of the Group for the reporting quarter was RM 23.61 million, an increase of RM 9.01 million or 61.73 % as compared with the corresponding quarter in FY2015.

PBT improved due mainly to better performance in both the particleboard and RTA sectors as well and the reasons for the increase as stated in the Segmental Reporting A8.

A job well done again. Excellent.
Despite a lot of people keep criticizing this stock, the fundamental speaks for itself.
Hevea has also clearly demonstrated that even though there are depreciation in USD, Hevea is able to perform.

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.

Thanks kakashit for the update.

http://www.financialreport.biz/File/2016/5/26/7034%20-%201814454733390.pdf

Excellent result. I expected nothing less.

Haha. I don't want to talk too much before the result is out, but if my calculations are correct, I think Harry will get wrong.

And also, I would suggest it's better to add CFFO / FCF in the article if you really want to do a comparison. This eliminates forex gain / loss and can give a clearer picture.

Regardless, well done. Keep up with the good work.

No offense Ricky, just to add: Numbers do not necessary paint everything. One has to look at both quantitative and qualitative analysis. For example, some companies have not been doing well in some years due to macro changes, not the business itself:

"We took a long term major USD loan to finance the expansion, but were unfortunately hit with the 2008/2009 financial crisis soon after that and were forced to restructure our loan facilities. We were saddled with high
financial costs and repayment obligations and had to operate
under an extremely tight cash flow regime."

I always liked Icon's articles because he focuses precisely on both.

@alex88812 - Because valuation. Homeriz has the highest valuation of them all.
A good business is not necessary a good investment.

Well written, keep up with the good work.
Who knows you may be the upcoming RicheHo, Shinando or Icon8888?

Growth > Dividend in growth phase.
Once growth has stable or slowed down, it does not require so much of reinvestment (eg. Nestle, etc) then those cash can be used to distribute good dividend.
This is how a business should be.

@Jupiter - If you dunno already, MD is very prudent on capex expansion, so as to not repeat the steps in 2008.
20mil capex expansion does not sound much, but it will improve roughly around 15% of revenue. It is just the beginning only.

"Almost all existing MFC production capacity was taken up by the marketplace, while demand for particleboard exceeded supply"

Demand exceed supply, same like Heveaboard. Sounds like Mieco is doing really well.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5073561

According to the report, Hevea has fully repaid all USD loans. Finally.
Next, they will also allocate 20mil for capex expansion.
With the debt off the shoulder, Hevea's real growth is starting soon.

http://klse.i3investor.com/servlets/anpth/1151724.jsp

The result is not unexpected.
Looking back at the key ratio over the years, they have been rather poor.
Thin NP Margin, Low ROE, Poor and inconsistent FCF, Low EY, etc.
They may have been doing better in 2015, but one year of improvement is not sufficient enough to proof anything yet.

Nope. Look at what happened to their Cliq-wa? Lose until no value.
Many other of their stocks also doing so-so only.
When you say betting, you're already doing the greatest mistake in investing.
You should be investing, not betting.

Utter nonsense.
Research house report can be trusted? Even pigs can climb tree (Chinese proverb).

At first glance, I only looked at the ROE, and man, I already don't like it.
Seems like a red flag to me.

Haha, excellent. Just a kind reminder only :)

Just a critical comment - dont, never, ever, trust all those so called "analyst" Icon8888 bro.
If all these analyst can be trusted, even pigs can climb tree and everyone would be a millionaire already.
They all have vested interest one la. You may end up in holland faster than you thought had you choose to trust them with your money.
I don't even take a grain of salt from their report. A no-no for me.

Hope you and your daughter will always stay strong, CpTeh.
Life can be harsh and tough sometimes, but by staying strong and never give up, you will break though obstacles of life.

Calvin: "HE THAT IS LOW NEEDS FEAR NO FALL. "

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

Good morning Calvin,
It's the way round now, Maybulk is trading at 91 cents. 90% increase from 50 cents.
"The Intelligent Investor" says when a stock can no longer go up, it can only come down.
And please Calvin, stop quoting Buffett. Buffett will never touch a ten foot pole stock like this.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=M&securityCode=5077

And you call that "Fundamental" Calvin? *cough* *cough*