@SCM you mistaken TGUAN for GuanChong hahaha! TGUAN is a plastic and tea/noodles manufacturing company la aduhhh hahaha

@PuaQW91 What could explain Ang Poon Seong disposed his shares?

Totally agree with Phoebe

@Phoebe ICPT is reflected in latest QR; it’s stated as one of the main reasons why PBT dropped apart from subdued plastic demand.

Philip, you are quick to assume others’ investing experience and horizon just as you are quick to assume you are better than others in your stock pick. Unfortunately, your possibly fake portfolio says otherwise. I wish reality gives you a tighter slap on your thick face. Meanwhile let’s continue watching how pchem plummets and see how many years it takes for Harta to breakeven, if it will at all. For now, your portfolio reflects your ignorance and foolishness.

Charles, be pragmatic when it comes to investing, the investing environment is different from 3 years ago. We have tightening of monetary policy and more smart money is pulling out from equity market. This is aggravated by impending recession that can potentially lead to significant chemical demand. In short; more downside for pchem.

Pchem avalanche likely to continue, support at 6.50. But IMO it’s worth RM4.00 given weakening of raw material prices. With slowing down of economy and impending recession (hopefully already priced in), its earnings will remain downtrend. Hopefully it doesn’t slip into earning losses.

Philip gonna pray his meager dividend is suffice to cover his capital loss! Likely gonna fall back to 5+..maybe can close eyes for 5 years and come back after that to see if you have broken even la haha

Pchem’s drop in share price today seems to see no end. Is Philip offloading his shares quietly? (Assuming this portfolio exists) haha

Be greedy when others are fearful, time to add on position to pchem haha! It’s ok la it’s a fake portfolio anyway, doesn’t hurt abit right Philip? Haha

Ouch! PCHEM boom QR! Philip are you okayyy???

Esos is limited to 5-10% of total outstanding shares. Despite frequent esos, they are not issuing more than allowed. However I do acknowledge it’s unpleasant to the eyes,seeing esos on weekly basis. But looking at it in totality, the eps dilution may just be negligible. The profit growth has to be substantial enough to overwrite share dilution,though.

I don’t mean to pull that “forward PE” card to justify its current valuation. But it does make us ponder what’s the reason market giving it such valuation? I think it’s prolly correlated to its branding, sustainable future earnings, high cash flow generation and its ability to scale. it’s a boring business, but we do we foresee change in consumer behavior in the home improvement sector? I reckon no

Btw; its growth outlook isn’t bleak at all imo.

On the surface it does look like it. But a veteran will look beyond the usual PE, DY metrics. They are good to use as screening too, but a lot of due diligence is required. Qualitatively speaking this is a fantastic business.

What’s your reasoning behind?

The question is, is paying 38 times multiple justified or not? Because assuming an average(eyeballing) PE of 20-25 in the consumer sector, at current valuation MRDIY has plenty of room to fall in share price

Yeah it’ll be hard for it to “breakout” in TA perspective if dilution is persistent. Long term wise, fundamental is intact.

The economic of scale in itself is a moat, the branding is a moat as well,albeit intangible. I guess that’s why they say value is in the eye of beholder. Having that said, I still despise their act of frequent esos..a good business may not necessarily a good investment

Employer*

Undoubtedly a good business with strong moat, but the esos seems to be diluting shareholders interest. Though from employee point of view it’s a good way to reward and retain good employees

The frequency of esos is making people more and more uncomfortable now..

Haha old man get triggered easily, full of thorns on his body, attacks everyone who strucks his ego..no class

hats down to OTB, very humble of him to acknowledge his shortcomings, this is something philip has no match to, never will.

Since you engage me into the conversation again, so here’s my view..nothing personal,just solely commenting on what I see in the way you interact with others here. While there is nothing wrong with investing for the long term, you have a problem, the same problem every retail investor has-whereby “watching the paint dry” only applicable to you when share price keeps tanking. but when you take profit from a stock, you tend to suddenly forget about the “long term story” you keep chanting. That makes you look extremely hypocritical. If anything, that only makes you a mid term trader in disguise of long term investor.

philip: There’s still no accountability, doesn’t change the view of many people that this whole portfolio does not exist in real life. I’ve mentioned earlier, you sparingly use the term “watch the paint dry” to your convenience, when the wind changes direction, you steer another way round.

Fair enough

I3lurker: good for you, I’ll refrain from commenting further then, as I have nothing against you.

I3lurker: you’ve seen many people with 100m portfolio? Wow…you must have at least tens of millions worth of portfolio..impressive,come I clap for you

@sslee yes, door gift is icing of the cake, the most important thing in attending AGM is to get a sense of what the management is like in person, the way they carry themselves, their body language and how they respond to investors’ questions etc in order to know whether you want to place your money with them. I’m surprised to hear someone claiming to have such sizable portfolio saying “I have never attended a single AGM”.

Very telling about the authenticity of the portfolio, from the way you answer.

So called “analysts”. That’s a very shameless claim.
___________________________________________
Philip ( buy what you understand) Better, I have the full notes sharing and discussion, q&a and slides from both intco and harta. It's in my group shared by the analysts you guys were laughing at.
05/09/2022 4:11 PM

I’m surprised that someone who claims to be holding “5.5 mil” of shares did not attend their AGM but instead relied on someone else for “notes”.

Did you attend their AGM?

@philip You can look at it from that valuation point of view, taking into account its cash and other assets per share etc, but you forget stock market is about forward projection of a business outlook. The glove industry outlook has changed for the worse as I mentioned earlier. By your logic, companies like ORIENT,HAI-O should be worth much more, but why does the market give them low valuation? Be it NAPS, PB ratio or any of the usual valuation metrics, they are undervalued, but yet the share price just doesn’t move. Why? Because all these businesses have poor business future outlook. Essentially, they’re just tonnes of assets that don’t yield productivity. Not all stocks make a come back.

Personally I don’t think it will go down to rm0.50 la..but who knows right..back when it was rm5 everyone was saying they gonna all-in if it goes to rm4..then when it broke below 4 everyone didn’t dare to jump in lol (they shouldn’t too)

For now..I guess it may go down to rm1.30-1.40..

If institutional investors themselves are dumping the shares, you bet there is a lot more for share price to fall, I’m afraid.

Harta has broken its support line >5 years ..technical analysis wise it’s really not looking good because most of the retailers are trapped, the only people who are still in the green are those who bought in the early years after IPO and institutions themselves.

Harta 52w low support broken…I can’t find where the next support line is already..

You made a false claim about me making buy calls that had me kicked out from the group, which is absolutely not true, either that or you falsely mistaken me for another person that you kicked out. The truth is, we just had a disagreement about stock investing and you took matters personally. Either way, I don’t regret getting kicked out because i3 is a better platform for people to discuss and learn if done the right way.

On a serious note, philip you shouldn’t kick people out from the group just because people disagree with your opinion on certain issues, they aren’t even rude to begin with. Your fragile ego just get struck. Disagreement should be expected the moment you decided to start a telegram group. By doing so, what you end up with is a group with boot lickers and one that does not bring about value. The people who stay are the ones who think they can “get” something from you because they believe you have a sizable portfolio (which till this day I don’t believe). At least in i3 here, people can share and discuss freely their opinion.

@Investmalaysiaa Yep, you see he conveniently overlooked yours, Investmalaysia618's and my point of discussion regarding QL valuation. Instead, he jumped straight to reply a troll msg. Because he knows it's hard to justify buying QL at this valuation.

@Investmalaysiaa yeah he’s also another guy in there. Basically these are the few active ones la, they never dared to question old eunuch’s thinking rationale even if it means to discuss in a professional manner. As far as I remember, they would nod their heads to whatever this old eunuch says, the rest of the 1000 all quiet readers only. Very often it’s a blow water corner for these few jokers tok kok sing song only.

Must also take into consideration the rising of other convenience stores like CU, emart24, 7-11, and gs25 coming up in Malaysia. No doubt family mart enjoyed their first hand advantage, but with the rising of other competitors, even if they remain as the most patronized convenience store, (take note I say EVEN IF)their market share will be diluted also, meaning they may be good, but people won’t avoid other stores if there’s no family mart nearby. Think TSLA and BYD, Volkswagen etc in the EV industry.

Family mart is a business segment under QL. So if a person invests in QL, they’re also investing in their poultry,marine products and palm oil business- with single digit annual growth rate in these combined business, selling at PE 50+. No thanks.

Unless QL spins off family mart business as a separate listed company, then at the right price, I’ll bat an eye.

whaaat???

Amazing old eunuch...I'm amazed at how many lies you're capable of telling and how good you are at twisting stories.

By now everyone who is reading this should be able to tell what a liar you are.

go on..keep fabricating stories out of thin air and see how many people buy your crap stories lol.

@CharlesT

Yes, I agree with you, they had enjoyed years of steadily increasing profit. But I'm afraid the storyline won't continue in the next 10-20 years.

I don't mean the glove industry is going to be dominated by any particular country.

But solely on the fact that there are just too many small to big, listed and unlisted public companies that are in the glove business now. These small companies don't have to go bankrupt, they just have to survive on this razor thin margin profit, that alone is suffice to take away a sizable portion of market share that was once held by the big 4.

Old eunuch, just FYI, I can troll, I can pull your legs. But I sure know what I'm doing, so I don't make claims about you without a protracted period of observation in the way you interact with others.

Feel free to disagree with me, but I've come to realize many if not most companies in bursa can't be held on forever. Reason being, most if not all companies in listed in Bursa do not involve in a global business that brings about disruptive changes like those in the USA. Most of the sectors that contribute to the country economy are involved in manufacturing which heavily relies on manual labour, in other words, low skilled workers. Without upskilling professions, the GDP will not increase in tandem with average household income. As a result, of course the KLCI index won't have breakthrough. This is the reason why S&P500 & Nasdaq have been increasing over the decades while the KLCI index can't even breakthrough 1800 that it achieved in 2018.

We can't argue with the fact on how those who bought pbbank during the 80's would've become millionaires now. Times have changed, Malaysian population growth rate has reached a plateau. Many industries which relied on population can't enjoy the profit it once had. Hence, one really needs an astute mind to know when to take profit and not blindly aim to hold a company for 10 years.

Feel free to disagree with me, I promise to not bite back like the old eunuch.

Initially I didn't even wanna entertain this old eunuch regarding tguan since I don't gain anything from sharing my opinion, but since the old eunuch is so desperate to know my opinion on tguan (which I've already mentioned if you scroll up), I don't mind giving my views again, but this is not buy/sell call.