calvintaneng For Sendai latest quarter report

There is a very telling phrase

"The auditors’ report on the financial statements for the year ended 31 December 2016 was not
qualified."

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Calvintaneng, FYI. Unqualified auditors' report is a positive report

3iii, pls read up and understand why WACC is the most popular method in calculating discount rate by the professionals. It is very technical and it takes many factors into account. And not simply any single 1 rate to justify certain situation like you described

Posted by Investor48 > Mar 20, 2018 08:10 AM | Report Abuse

Sifu 3iii... thanks for your clear & details explanation.

Can share what is the intrinsic value of HY?

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Investor48, you should know by now that 3iii only knows how to talk theory and negative comment on other pple's calculations and hardwork. It will be terribly surprising if he could come up with an any calculation with supporting facts and numbers

Posted by traderman > Mar 20, 2018 07:55 AM | Report Abuse

soon they will wipe off completely from here

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Traderman, do you have any hengyuan shares? From your comments, it dont look like you got. If you not shareholder, why are you so active at hengyuan forum everyday? What is your objective?

Posted by 3iii > Mar 19, 2018 08:16 PM | Report Abuse

Often it is better to learn from other people's mistakes.

Definitely, never stop learning from your own mistakes.

Humbly yours 3iii

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3iii, you are certainly not humble

Posted by GoodBoy > Mar 19, 2018 06:53 PM | Report Abuse

In case call warrant expiry date on the 8th, the settlement price will be the 5 days average price of 1st + 2nd + 3rd + 4th + 5th ... share price on 6th 7th 8th not being used to work out the settlement price ...

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Then today is the 5th and final day for CF (RM8.88) settlement price issued by RHB. Maturing on 22 March

Today is the expiry day for CD (RM7.00) and CE (RM8.80). Both issued by Kenanga. Could it be Kenanga who pushed mother down to minimise payout?

CharlesT, OMG! You have serious reading comprehension problem. I deal with many pple like you. I already learn if a person got problem understanding, no matter how much I explain, such pple cannot understand.

It's ok. You are correct. You have always been correct. You win. Everyone is wrong. You win ok.

CharlesT IF he didnt believe so then what is his purpose here using a DCF model to come out his fair value price of RM19+?

Who asked him to do a DCF model to value Heng Yuan?

Just for fun??

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See, see, see. I already say you dont read wht pple write. 1st paragraph already he explained lor. Read properly lah pls. You are embarassing yourself.

CharlesT, you know what you type yourself. Just click your profile can see history of your comments. I no need to list down 1 by 1 those you talk to pple rudely. If you dont realise that you have been rude, then maybe I be the person to tell you to pls improve on your social skills in i3investor

CharlesT Which part do u think I purposely want to act stupid?

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I posted comment at the DCF forum. You go look yourself

I read the comments here also i vomit blood. You all tembak David_Tan for what? At the start he already said he dont believe in this DCF method mah. But you pple ask him to do his valuation based on DCF. So he dont believe also do to show you all. Apa lagi lu orang mau?

CharlesT But the use of DCF is not without merit. Personally, I find that DCF is useful when valuing a stable company where the operations are mature, the industry it operates within is stable, and its historical accounting numbers do not fluctuate significantly. Under these conditions, the analyst is allowed to work within a more predictable environment leading to more reliable numbers being used in the forecast and projections. Unfortunately, I do not see HRC falling within these criteria as the refinery business is highly volatile. Nevertheless, I am also intrigue by what sort of numbers may possibly come up for HRC via applying the DCF method.

Yr paragraph 3....

So do u think Heng Yuan fits into the above conditions?

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CharlesT, he already say that "I do not see HRC falling within these criteria as the refinery business is highly volatile". He ask you to read again and you can re-post what he said with the answer to your question. You got read what pple write or not? Or you just want to cari pasal with pple?

Or you cannot understand what David_Lim was saying

CharlesT Without all these discussion David also dont know his mistakes in his DCF model to value the fair price of Heng Yuan....

Betul kah?

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I read that article. And your comments. I think you either refuse to read the article properly or you purposely want to act stupid.

CharlesT Anyway I believe I3 is a place for healthy discussion with different views...or else U everyday see Stockraider posting his TP of RM22 to RM42 basing on PE 10 to 20 times u also sien lah...

Betul kah?

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Agreed. But pls comment in a non-hostile manner

Flintstones When you see articles like this, it means many idiots are still stucked with hengyuan or hoping that it will go up. Avoid hengyuan. TP RM 5

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Meaning you are not an idiot, right? Since you are not invested in hengyuan, you come to hengyuan forum do what? Very free? Pls go do something positive and contribute to humanity pls

CharlesT Have to study their free cash flow so as to see if they are able to pay div consistently or not...but again it's in a cyclical biz...so a bit uncertain...

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Ppl show history, you say must do fcf. Pple do fcf, you say cyclical, not reliable, cannot predict future. What you want? You so smart you write article lah. Everything also you want to complain