Ta Ann at this price is okay to buy

But no big boys a.k.a. funds to push up the price

@alibiii lumber prices recovering...

@Lanmum the new Value-For-Money brand under BAT umbrella, KYO is not bad, but I don't really like charcoal filtered cigarettes. I read from the analyst reports that it's doing not bad. RM12 brand.

Dunhill RM17.40 expensive

But if u read other analysts' comments, BAT is gaining market share too at the mid-low segments.

And don't say expensive, smokers are not known to trade down i.e. lost job or reduced income still will smoke and stick to their fav brands

I cut down on food I cut down drinking yet I still smoke my RM17.40 Marlboro reds

Eh, today seems interesting

hahahaha see! that kelvin mari, terus tenggelam XD

@Hustle I beg to differ.

I'm a value, fundamentals-driven investor and I've been growing my money with Bursa stocks at 20% CAGR/IRR (dividends included) since 2013.

Hahahahaha

Now u people believe me?

Past losses is IRRELEVANT

What matters is future EXPECTED value

Assume as if you invest RM6,000 in Serba at 55.5 sen TODAY.

Thinking about the past losses is pointless.

Say, u invested RM10,000 in Serba

Say, the value of your investment dropped 40%, i.e. left RM6,000

In finance, what is past is totally irrelevant, i.e. the 40% ALREADY LOST.

Now you have RM6,000 worth of Serba shares, valued at 55.5 sen per share.

THINK, at 55.5 sen, what is the potential for further losses?
THINK, at 55.5 sen, what is the potential upside?

The RM4,000 that you already lost, is not relevant.

Think future, not past.

This is how you should evaluate investment decisions.

@hok95

Little/negligible effect

Solid Industrial REIT

But BAT is a totally different creature to auditor's previous call TGUAN

TGUAN is a growth story

BAT? Hmm...of all the people I know, most still smoke traditional tobacco. E-ciggies acceptance among my friends, not many. Less than 5. XD

i3lurker is just a troll

Big fall after announce FMCO. Now seems decent to enter. Furthermore next week ex dividend 21 sen!

@Lanmum, for example, IBs punya TP for TNB is always way above traded price

And when you look at the fundamentals, and current economic climate...

When things are normal, all people go to work, residentials consumption go down, commercials and industrials consumption go back up

Now FMCO, many people WFH, the situation terbalik

Some IBs got vested interest (they want u to buy to push up price)
Also, some IB analysts are armchair analysts really

I'd rather buy BAT with generous dividend payout, and little to no capital expenditure requirement. At least I'm assured that the dividend is sustainable

No smoking? People will always smoke wan la!

Stay at home, bad economy, lagi mau rokok lebih! XD

@auditor I love you

I'm getting into BAT with you today

UTDPLT has one of the highest yield of all planters. Super well managed plantation.

Hmm @auditor, 5.94% yield at current price, quarterly dividends. Interesting...

But no growth to be had here la...

Volume thinning, good sign.

Means bottoming.

@LossAversion invest is to make money

You wanna talk ethics about investing meh? XD

Btw I smoke Marlboro, Philip Morris Malaysia not listed so cannot buy hahaha

BAT? Hmm...used to be one of the bluest of blue chips.

Auditor looking for dividend yield? BAT is not a stock that I foresee any meaningful growth.

calvintaneng is here TAANN sure won't go up hahahahaha

See how our baby slowly and steadily climbing up today

@bilisutara anyone who personally dealt with auditors will agree with me on the following:
1. Yes, some auditors are really kayu in the sense of they really strictly follow bullet point checklist, tak tau pusing to suit real world/biz conditions
2. Yes, you WILL encounter gung-ho auditors that are damn eager to look for fights and not listen to accountant/management explanation

Yes, finally announced our fat divvy!

Don't trade Serba with margin. U might get burned.

But if cash upfront account, the risk vs reward is worth it.

Just my 2 sen.

Labour shortage issue is very real bro

But at the same time if u read the management commentary of some of them, this pandemic is the perfect opportunity/excuse for them to start innovating, i.e. start reducing dependence on labour

In the long run it will turn out well, just give time

Okay la don't talk other stock/sector liao, nanti ada orang marah hahahahaha

@Lanmum actually I buy his opinion on palm oil stocks

But just dunno why while fundamentally sound, the prices just won't go up, but down

Hahahahaha we cantonese call this - "mulut burung gagak"

Fuiyo 2.80 mau mari dah

@Lanmum meaning his prophecies will come true...after a while? hahahahaha

Yea UOA is a good dividend stock

@linda77 +100

Whether syndicate or not, I only remember his buy/sell calls usually lead to Holland hahahahaha

UOA not really very luxury... they're more like middle to lower upper class.

One thing about them that is hard to beat - reputation and product quality

And they're damn cash rich!

@Lanmum I've been a loyal shareholder of UOADEV for some time already, you no see me talking c0ck on it only hehehe

IMHO there are times to hunt for bargain

And there are times to hold on to what you have and wait it out

And there are times to sell your profitable, overvalued holdings

I think now we're in Stage 2 above, at least for my holdings la. Cheap bargains dah takda la I think.

ABC Sdn Bhd in SSM

On invoice they write ABC Sendirian Berhad
Or ABC S/B on letters and e-mails
Or even ABC Sdn Berhad

Dunno how many times I see all this hahahahaha

@probability
<<that junior auditor argument is because of invoice reg no requirement..>>

I regularly have to log in SSM website myself to search out suppliers punya SSM number...to update my accounting records.

To put things in real world scenario.

Company ABC's business address is in XXX in KL.
Company ABC's registered address (Company Secretary's address) is in YYY in Selangor.
Now we're in MCO/CMCO/FMCO.
Most if not all are on WFM mode.
All communications are by mobile phone calls to the person(s) in charge or by e-mails.

If you send fax or letter to any of the addresses I mentioned above, you think you will get a response?

@probability

You don't know the SOP of auditors. They don't want the auditee@the client to be present, in order to obtain their so-called "independent verification", their letter/confirmation request has to be sent by themselves i.e. the auditor, direct to the confirming party (the clients and/or the suppliers).

I personally having problem with my auditors now whereby they couldn't get my banks to reply with confirmation, 2-3 of my banks. Problem is here - that 2-3 bank accounts I have already CLOSED. Audit confirmation costs money (bank will charge money for it). If I no longer have banking relationship with the bank, the bank wanna debit the charges from where? I literally have to shoot my auditors ("Tell you what, the banks ain't gonna reply"), giving them the last month bank statement, my letter addressed to the bank requesting account closure, and proof that the account balance have been transferred to my other remaining bank accounts.

<<in summary...i see auditor main concern is identity of those entity which made the transaction of 2.3 b , the entity with pending receivables...identification of some inventory and assets

by right serba should not have issues coming with verification on these...via a conference call with their clients>>

Anyone with working experience with Malaysian government and GLCs can tell you that working with clients or suppliers who just got incorporated not long ago with small or even RM10 paid up capital is commonplace. Also companies that you couldn't Google up.

Hahaha auditor is back

Now on holding mode lo I guess.

2.0% dividend and growing at 10% CAGR is not too bad

Especially as TGUAN product is well sought after in this e-commerce era

Yes, Mexico venture also haven't produce results, yet venture into property? I think I will be staying away from JOHOTIN for a longer time still.

A company that has been showing consistent growth and profitability since IPO in 2017, all of a sudden become a con job?

I don't buy it.

Btw today and yesterday whole KLSE mostly in red, but TGUAN holding up nicely. Not bad.

Yea I also checked their financials. Profitability swing up and down.

Revenue doesn't show consistent growth too.

Not my cuppa tea.

Maybe auditor meant to say MMC

Mana tau he got his calendar wrong, today MMC already limit up hahahahaha

I think auditor is looking at MBSB...see his comments history

Because labour shortage is very real.

Revenue and profit growth rate so beautiful.

Products are more or less a necessity in current market environment.