@Zai2 Where can we find the latest tenancy ratio of the tower companies in Myanmar?

I am never a fan of dividend investing. Whatever dividend the company declare, the share price is always going to correct after the ex date. Dividend investing is for the real corporate investor who wants to extract cash out from the entity to pay their dues. Dividend income for a retail investor like you or me, is not the most efficient way of investing. Because the reinvested dividend is going to incur some transactional costs. Having said that, there are of course successful dividend income stories on the bourse, namely; Nestle, BKAWAN, GAB etc. For small cap companies which has a high cash hoard, it is best for them to declare dividend, if not the cash is going to sit there doing nothing till one day the management decides to to do a buy out.

Latest news, Vietnam acquisition completed.

https://www.atkearney.com/documents/10192/671578/Rise+of+the+Tower+Business.pdf/027f45c4-91d7-43f9-a0fd-92fe797fc2f3

Found this article regarding the tower economics. The author breakdown the cost structure of a tower. Interesting to note that the typical net profit margin of a tower is around 5-8% after accounting for depreciation costs and interests.

Easy wong very free. Everytime got time to visit AGM. Go get a job.

Vrrom vrroom. Drama incoming. Whats the story with 3ii?

@sosfinance, how much net profit are these two ventures going to give?

Agree with icon sifu. Ekovest play has to be long term. Most of the members here will shoot down Ekovest like our jib kor once it correct > 30%

Icon sifu, I am looking forward to your analysis sharing. I am a small holder of Ekovest, trying to keep the counter long term. I, too, felt that Ekovest profit will not be good until Duke 2 matures.

?

I am less bullish about the company after doing some research and talking to FMCG people. The suntory deal is about RM 80m per year. Profit contribution from distributing Ribena will not be as big as Redbull. The removal of oil price subsidy is a positive move for YeeLee. But the MD had said the company will reinvest all their cooking oil profits into marketing which means the profit growth will not be that huge. I dont see a rerating coming for this company. Any share price growth has to come from profit growth at this point. Also notice that the NTA is high due to revaluation of properties. So, NTA might kind of be inflated to the best price senario.

Sensible post from JT Yeo. As always, company CEO always talk up their big plans during interviews. Maybe they saw a young and hot lady reporter interviewing them and cant help themselves to brag here and there

He is waiting patek philippe price to crash

Useless article. All story telling. No facts. Lacks substance.

Any TA sifu care to do an analysis? Share seems in a downtrend

BJ Corp has a lot of minority interest. Icon sifu, have you minus out the minority interest when calculating the asset value?

That ah lian is wong muh rong. Those from corporate finance will know her

Found this Ekovest business presentation dated Oct 2016 by Astramina advisory which advised the company on the EPF deal.

This is a gem of a video featuring Ekovest MD explaining the logic behind their highway and property developments.

After watching this video, I am impressed with Ekovest long term planning. In fact, they came up with the idea of Duke Masterplan as far back as year 1995 and finally bring the idea into fruition 20 years later.

Interestingly, Astramina put the fair value of Ekovest at RM 3.80.

Hope somebody would put up this video on an i3 article. It is too good to be missed.

https://www.youtube.com/watch?v=e6uuT8QyLKc

Small fluctuations like these are of expected. Ekovest share price did not correct like what I had predicted after rate hike. Seems I was wrong. The EPF deal will be closing soon and special dividend coming in 1H 2017. This is a catalyst worth holding for!

If he put as much focus in this business as he is in gambling stocks, pretty sure he will create a million dollar business in no time

I think CP Teh have a greater probability of making big from this business than dabbling in stocks

you forgot about #emeeting, #dvd #cutloss

Lai liao lai liao. History teacher teh lai liao

What if cpteh hentam and lost everything?

He thinks when crash comes he 100% make money. He thinks when crash come all prices will move down in a straight line without zig and zag. I am pretty sure CPTeh wont make any money during crash. Why? Because this guy has no skills only talk

Should watch DVd also

Correction came as expected but did not correct enough

Why chilli sauce keep mentioning 6x PE? Does he understand 6x PE will become 12x PE once the orderbook deplete? The stock market anticipates the future. Never ever invests based on the present.

Have you accounted for mature trees that require replanting in a few years time? Because if younger trees could grow older, mature trees could die as well. The net effect of the peak production trees could be smaller.

i3gambler, from your analysis, which plantation company has the biggest potential for earnings growth?

Lai liao lai liao!

Posted by timetokoon > Dec 2, 2016 12:23 PM | Report Abuse

I recommend you to read paperplane and jay recommendations. These 2 guys know what they are doing

Posted by timetokoon > Dec 2, 2016 12:18 PM | Report Abuse

My condolences, brother.

Posted by John Lu > Dec 2, 2016 12:17 PM | Report Abuse

Kantoi lah kali ini!

Posted by CharlesT > Dec 2, 2016 12:16 PM | Report Abuse

To be fair to Mr. Koon or KYY, his recommendation never failed to make a stock goes up. People who curse him are either people who didnt a) take profit or b) cut loss

Posted by paperplane2016 > Dec 2, 2016 12:15 PM | Report Abuse

So true, brother!

Posted by timetokoon > Dec 2, 2016 12:13 PM | Report Abuse

Haha, that's right. When KC attacks Mr. Koon, he has to understand that THERE WILL BE REPERCUSSIONS.

Posted by Bizfuneng > Dec 2, 2016 12:06 PM | Report Abuse

The dun know both the gentlemen.....so far u folks heard Mr Koon's side of the story oni. Let Mr KC Chong hv a chance to aso brief his side of the story before commenting. Be fair if u folks love to comment wait till both sides of the story is out.

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Of course, I am waiting for KC's reply and he will reply. His ego is too huge to ignore this.

Posted by paperplane2016 > Dec 2, 2016 12:03 PM | Report Abuse

hahahaha.,.,.,.,.,.,kc chong write fancy FA studies, but still fail to make money.
Reason: Tak ADA COMMON SENSE mah!!!!

hahahaaaaaaaaaaaaaaaa

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He probably makes more money from his followers lah

Dont care about how he make money, brother. When I see somebody bringing i3 readers to holland, I must shoot.

Yup, they can become CP Teh.

Now, KC followers would have read Mr Koon's post. Hope KC rice bowl wont pecah though. He is a good guy.

But KC indeed has no business sense. Our beloved kc chong extrapolates past earnings into the future without assessing the industry dynamics. That is not a good investor to me.

Yes, KC is good in FA and has a good heart in teaching

Haha. No wonder kc chong sounds so salty when writing articles about the old man. As much as I respect kc chong's teaching prowess, he is never a good investor to me as most of his recommendations were made few years back where market was less choppy.

Author: Koon Yew Yin | Publish date: Fri, 2 Dec 2016, 11:29 AM

As much as I hate to break KC Chong’s rice bowl, I need to respond to all the bad things he said about me especially in his article in i3investor under the title “Another Lesson from Gadang” in which he quoted my opinion as below.

A Super Investor: The super investor will study the case carefully and he sets a realistic target price after taking into consideration of its 40.7 sen EPS, the bonus shares, bonus warrants and its future profit growth in the construction business. Moreover, Gadang was awarded the contract to develop 24.5 acres of Kwasa Land within 20 years. Although property market is currently not so good, Gadang did not pay for the land. Gadang can wait while the land value appreciates. Can you imagine how much the land appreciates in 10 or 20 years?

All regular readers would know that I wrote this as soon as I saw Gadang’s annual profit of 40.7 sen per share.

All regular readers would also know that I openly wrote to advise shareholders to dump their holdings before I started to sell when I saw its 1st quarter EPS of 5sen. Even my wife and relatives scolded me for telling the whole world to sell Gadang before they could sell.

I told them that I can afford to lose some money but not all these small investors. Moreover, my recommendation which was based on its annual EPS of 40.7 sen. might have misled many people and it was only right to tell them to sell first at a better price.

Why KC Chong wants to say bad things about me?

He wants to show that I am not an accountant and investors should follow his teaching. He is selling his teaching FA program as show below his quote:

“For the record, I have been right for every of the stocks mentioned there written 4 years ago.

FA practitioners are not stupid. Financial statement analysis is very useful as it is the language of business, and FA is more intuitive than any “Golden rule”, in my opinion.

That is why I have been advocating FA all the time in a public forum like i3investor. I have been promoting my course in FA in i3investor all the time.

For anyone is convinced and wishing to learn FA in a structured manner to avoid any pitfall in investing, you may contact me at ckc13invest@gmail.com”

As much as I do not wish to break his rice bowl, I must tell you that about 4 years ago, I engaged him to look after my Rm 10 million account with CIMB. I am not sure what was the agreed fees for his work.

He started off by selling all my Latitude Tree and Lii Hen and bought Homeritz. He provided a complete financial analysis of all the furniture companies such as Latitude, Lii Hen, Poh Huat, Hevea and Homeritz.

He considered Homeritz was the best because it had the best return of equity.

As all investors know Latitude went up from Rm 1.00 to above Rm 8.00 within 30 months and Lii Hen went up more than 500% and it is still going up because 100% of its products are exported in US$.

I sacked him because he has no business sense at all. I am not telling you a fairy tale because many people in CIMB know this episode.


My Comment: Kantoi lah kc chong! Now the whole world knows kc chong's beef with Mr Koon. Looks like Mr Koon hurt kc's pride for sacking him as a money manager!

This is actually a good video by CP Teh. Many retailers always curse when their stocks drop 20-30%. But what they forgot was the same stock they bought had gone up more than 100% before they bought.

Hahahaha. Good guy Andy must be a new bird in stock market. I see a man who is soon to get his hands burnt in the stock market due to insufficient homework done.

The export play, in my opinion, has limited upside and plenty of downside. The consensus view now is that RM would weaken with trump presidency. But lets face it. The consensus view is almost always wrong. Assuming RM do indeed go down to RM 5, that is only about a 10% movement. It is a far smaller movement compared to, say, RM 3 to RM 4.4. And also, many traders do not understand that most export companies are manufacturers who do not command high PE. Export companies are no Dutch Lady or Nestle. Even when you put 10x PE, I feel a but too rich as well.

Bye bye

Waiting for post fed rate hike to add. Profit drives fundamental value. If borrowing costs were to go up, Ekovest will be greatly affected as it is in RM 6.2 billion debt on full drawdown. You can calculate how much a 0.5% hike in borrowing costs will affect Kesturi's bottomline. If borrowing costs were to increase greatly, we are seeing a potential company that is burdened by high debt load.