Meet Joe Black

Soon

I’m actually more interested in the reasons EPF sold instead of SunREIT buying. We’ve read SunREIT’s reasons for buying but nothing from EPF thus far…

600M is not nothing. Not for any of our GLICs.

Private and Confidential, I meant. Besides, no one can go to the rooftop without a valid reason to see the panels

Chon, my reason for visiting the building is P

Thanks dragon. But I never type “advise” in any public forum, I prefer “suggest”. But, hey, that’s me coz I consider myself as just ain’t good enough and am still learning. Good luck and all the best

I still haven’t bought but am monitoring. Coupla red hammers in a week of global turmoil do that to me always :)

I actually visited a building this week that had Sunview’s solars at the rooftop. Building was fully completed last year after some delay due to the MCOs

Not that many panels tho coz, while the building is almost 20-storey high, it’s a relatively “slim and tall” building given its smallish land size, hence limited rooftop space. The building has rain harvesting as well

Chon will jump on this “chance to promote” I provided, haha, and the rest will just go “mehhh so boring” :)

But, yes, I’m watching this counter. Have been since I started posting here. Why else would I be here?

Pang, you need to see which appointed funds EPF were using to buy and sell (read the announcements more carefully, esp “Name of Registered Holder”). For EPF, obviously, they are the ultimate beneficial holder (“EPF ACT 1991”) but that is how they trade their investments using many appointed fund managers

But you are right in a way : Prior to the small buying lately by one of their funds, their other fund sold much more early this month. The price went up the days they sold “big”… check the prices on 20 Feb and 28 Feb when EPF sold hundreds of thousands of shares but the price went up. What does that tell you?

She won :)

Pang, the KLSE market will rebound big time this year

The big local institutions recognises how the world market reacts (since they themselves are in the world markets) and, importantly, anticipates a good growth here in Malaysia when it comes to the two most important drivers of the country’s economy : manufacturing and real estate. Both involve the banking industry

Most of the planned IPOs for 2023 have not, to my knowledge, postponed their public offerings “due to adverse market conditions”

Malaysia is on a path under the current administration that is better than what has happened since 2018. Corruption in all forms must be reduced even though it will never be eliminated since it’s impossible

Lol Pang bro!

No lah. I don’t approach Big Banks, Big Tech, Big Oil and Big Pharmas (and even Big Gloves) coz they have sufficient reserves/retained earnings. It would be a waste of my time coz they can easily do corporate exercises if they need funds and/or they just make a few phone calls to VVIPs

Not impossible for me to approach them but it is 99.9% improbable they will entertain me

When it comes to banks, I’m only interested in properties they auction off. And even this is super tough coz there are syndicates in court rooms during the auction, argh

===
Anthony,
Do you also approach maybank to sell their asset last one year and being turns down?
So, then you realise maybank hv string financial back then you starts buy in maybank, is this your story for this round?

i3gambler, I can understand your reason but sometimes it’s best to ignore local institutions trading what they invested a long time ago

If you only buy what local institutions buy then you can get burned also. Look at Dialog… I got tired of searching the last time EPF and KWAP sold; they seem to just keep buying. So how? :)

Not exactly true, Natsuko

It depends on a person’s risk/reward

Almost exactly 1 year ago, I gave a hint with a message “Buy First, Ask later”. That was in a Telegram groupchat. I’m sure a few there are super happy after they took my hint (without naming the stock)

We’re here to make money after all. Most don’t give a sh*t bout fundamentals, they just wanna make money in the short term. I fully understand that

To those that don’t really know, here’s another hint : Google “Selangor Dredging” and try and research and see if you can make any connections. My previous hint was “perfect”

Good luck

Since this is the Pertama thread, try your research who are its major shareholders. You may not be, uh, “perfect” in your research and, hence, realisation but I’m sure it’ll be time well spent compared to just trading

Pang, there are many many stocks in Bursa ripe for goreng :

1) Penny stock (of course!) with low-ish share float without any real business direction; very easy to “convince” bilis since it doesn’t take a lotta buyers to push up price. Targeted stocks are those with usually historically very little interest (low volume) and the bid-ask spread is large

2) Folks doing the goreng will promote. And promote. And promote some more. Here at i3 but usually via direct private other channels (Telegram, FB, WA etc etc)

3) When price target reached, goreng folks sellout

Usually targeted goreng stocks are those with few ready buyers historically. The “syndicate” then make their move

I sure ain’t no sifu and so I’m most definitely not in a position to teach you. I’m just answering your question (altho I’m surprised you asked….. perhaps you were joking, haha)

Try and see if you can search for a movie called “Boiler Room”

Hello Ken :)

Human nature, as evidenced behind a computer screen, is fascinating but also boring since it has been the case for the longest time.

I am still unconvinced by ANY solar companies listed in Bursa (except TNB). Sunview still has baby smooth skin. Hope it continues to attract genuine investors instead of……

The various degrees of happiness in stock trading :

1) Buy a particular stock. Stock goes up. Sell on contra. Make money. Be Happy

2) Buy a particular stock. Stock goes up. Pickup stock. Check news, company announcements, worldwide scenarion, FA and TA. Sell for profit when both FA and TA appear to be going downhill. Still (should be) happy

3) Buy a particularly good stock that has been listed for a good while (especially those not fond of corporate exercises involving new share issues or ESOS or rights; placements are fine if company is strong, gearing is below threshold and shareholdings are SUPER tight). Pick it up. Keep regardless of short term volatility (short term = 6 months, in my case, and with super respect to Bursa, its local, foreign and retail investors/traders). Share price goes up to the point where you’re breaking even on your cost of investment. Sell number of shares up to your cost to protect your capital. Own the remaining free shares

Of course, the above are my ways. Everyone’s situation is most definitely different and I fully understand that

But daily/constant promotion by certain folks by way of daily postings consisting of things that experienced and hardened investors/traders (that SOME respect) find annoying can result in NOBODY paying anymore attention to those certain purely “I bought and so I promote because I can here in i3 as long as I never mention Justion Bieber” folks

Tree knows. I requested him to keep his counsel in a particular thread where he had been pretty active (but ONLY when some substantial announcements were made) and that the stock price has been going up steadily. He said “ok” and was silent. There was a recent emergence of a new substantial shareholder over there, I gave my rather cautious opinion even though I own free shares, Tree more or less questioned my thinking/posting (hey, why give “negative” comments when already a shareholder, right?) and it is what it is now (consolidation mode)

Have a good lunch folks

Lol at greatwall, ahahahaha

Chon’s excited lor, like many many here

Tree, I’d suggest to leave him be. I don’t like calling anyone amateurish and pitiful. Let it be. Stop

Chon said he’d take a breather. Oops, he forgot. Bcoz he hasn’t exited. Like in PTRB and probably elsewhere. He likes to Goog and post “news” here

Sime Darby has 15,000 acres. Which do you think Sime will do :

1) Keep them forever as oil palm plantations and make money from palm oil; or
2) Target strategic landbanks and develop them into townships (which they have done over decades); or
3) Do neither of the above and just cut down all those oil palm trees and turn them into solar farms bcoz, oh, “the entire world is into renewable energy and ESG and so we’re gonna do that, we’re gonna kill all those gazillion solar energy companies coz, hey, we are the largest listed landowner of real estate in Malaysia and when those Google satellites update their GoogMaps, the images from space will show Malaysia full of solar panels instead of green color!”

Are golf courses green or should such courses be monetised and turned into real estate development or solar farms?

Chon : THINK!

The ultimate beneficial owner is registered as “EPF ACT 1991”

i3lurker, EPF trade their investments. Their investments in a single stock are done using several accounts with instructions give to their appointed fund managers at various IBs

One account can be in the name of “Employees Provident Fund Board” while another account can be in the name of “Emplys Prvnt Fd Bd” (not a typo) and etc etc with the ultimate beneficial owner being Employees Provident Fund Board

Lol @sslee

What did i3lurker delete his posts about how EPF invest and trade?

Eh, really goodbye ah Tree? :D

I ain’t never gonna go back to visiting the TSH thread, no thanks to you and a few others. What a public toilet of a thread at TSH

For you to say KLK will tone down due to windfall tax is so fcking ridiculous that I think you really need to visit a shrink. Omg, jeez…

There are more than 1,300 listed companies on Bursa. I doubt trading and investing is anyone’s full time job here. It’s most definitely not mine. It’s very difficult to track all such PLCs

In late August last year, I mentioned EG in a Telegram groupchat. That’s after I researched the industry their in. I even posted I hope they return to their glory days when their share price was 80-ish sen. I was blown away by the past coupla weeks’ price action

I believe everyone in that groupchat knows I’m a patient guy. There are quite a few other examples of me being patient. Most there know (quietly)

To have actually talked to senior managements of various PLCs is a huge plus in your investments. I know many many here will not be entertained by the senior management of various PLCs (other than saying you’re a super minority shareholder and you wanna ask about their biz). It’s just that my day job is in an industry that such PLCs (and private companies) will take my call and have a chat

Will PLCs take your call?

I ain’t blowing my trumpet here. I’m just stating obvious facts about business

Just be careful about what you buy. Riding momentum and contra-ing is absolutely fine and encouraged but only if you look at your own personal situation and recognise potential pitfalls

Never, ever, be greedy. EPF is never greedy, they just want to make money using multiple trading accounts that buy shares in the same counter, pick up those shares and then trade them

As an aside : I think our market’s gonna pick up. For days on end, there have been profit taking with losers bashing gainers. I think the turnaround will happen this month. Good luck and, remember, there are more than 1,300 Bursa companies :)

@kc02245, yes those buggers check this forum. Not the bosses but their staff instructed to see what retailers are posting here and in other forums and these “bilis” sentiments

For those that don’t know : https://www.bursamalaysia.com/market_information/market_statistic/securities

You can see trade stats for all counters daily, categorized.

All IBs and brokerage houses get their daily trade stats from Bursa as per the link above and post it in their various platforms for their account holders. You really want the truth, you get friendly with someone in Bursa. Not an IB nor a brokerage firm

A “retailer” doesn’t just mean an individual; it can mean a Sdn Bhd trading huge chunks of shares

Someone I know very well owns several large-ish warehouses. He embarked on the business of installing solar panels on the rooftops with the sole purpose of selling the electricity generated to our country’s monopolised electricity company

He gave up

I gave the TNB link above as kinda like a joke. How on earth TNB can calculate potential electricity bill savings by simply keying in your average monthly bill without asking how much space you have to install solar panels is a trick so cheap that it’s meant only for “noobs”

TNB wants you to use more electricity by way of deception. They’re charging our Govt for the Govt’s subsidies.

An aside : Elon is such a person that certain folks will just believe him. His solar panel business really is a trick. So is his Tesla EV battery recharger modules. He feeds on his popularity

Chon, research first. Then post your research in this retail forum. Not those rather silly things you’ve been posting here and in PTRB (“seafood king”… “we all need food”… etc etc). Otherwise, once you’ve bought a stock, do your own analysis and sell at your very own target price (and not by those with invested interest to promote like the IBs)

In a Telegram groupchat I’m in, folks there ask me what’s my TP for this stock or that stock and I always reply “The price I’m happy to sell at”

Chon, this is the issue some here have with you (including the well respected Tree)

You’re promoting a stock you bought. That’s fine once in awhile but constant promotion is annoying

If what you’re trying to do is to lure “noobs” in, then you better think again

Go check the share price performance of all the listed solar energy companies. Go study how these solar energy companies actually make money and from whom they make money from

Silence can be golden.

Ahahaha Tree, good one!

My house has maybe around 2,000 square feet of roof but not all of it can be installed with solar panels due to the staggered roof design. My house faces SE

Go here : https://enquiry.gsparx.com/residential/?gclid=EAIaIQobChMIvPLUrJ-8_QIVhTUrCh18Cgm1EAAYASACEgLcufD_BwE

:)

No updates that I know of since announcement however

@harvest : https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=115845

I suggest thinking about what their regularisation plan can involve. Any new issuance of shares is I think a very very bad idea

Study their annual report and quarterly. What do you think they can do to raise funds?

Bobby, relax

I gave my opinions on why they are now PN17. It’s the rules

I doubt there’ll be any serious legal issues

As for the share price hopefully going back up, I think this is the least of their issues

Are you a bystander?

They have several very plausible regularisation plans options. We will see…

@tom2629, yes and no. Provision for impairment is a MFRS. They were profitable BEFORE Covid and the vax. The question is why the management did what they did

Not sure about whether you meant Govt owes Pharma or Govt owns Pharma…

The management should provide better guidance/prospects that are reality-based AND with warnings. But they didn’t give any prior warning/caution, they stated they were happy with Indonesia business AND that they think that remainder of 2022 should be good (based on guidance report in 30/9 quarterly). Gosh.

Look at the massive swing between the last two quarterlies :

- A warning sign debuted for the period ended 30/9 with drastic reduction in profits but a dividend was announced, no doubt to appease their majority shareholders. Their cash position is meh; not big, not small, cashflow ok but has substantial borrowings

- Reserves/retained earning for the period ended 30/9 stood at more than RM250M which then swung to a negative over RM400M (which resulted in huge drop in equity; the main reason for PN17)

- Inventories for the periods ended 30/9 and 31/12 drastically reduced (which resulted in big drop in assets)

They need to show transparency in their quarterlies. No beating around the bush and inform shareholders of what can happen in the near future

This is a mess of their own making. Hopefully they weren’t “cajoled” into furnishing “encouraging” quarterly reports; that would be insidious and downright criminal. Management has to front up.

Chon, why don’t you just tell us? I assume you got the “better idea and understanding” since you posted… right?

Based on quarterly, liabilities currently trounce equity and cash is comparably small compared to borrowings. I’m too lazy to read their IPO prospectus regarding utilisation of IPO proceeds but I’ll contact them regarding their leverage…

Oh and btw, black ink please. Always!

Ignore what I post here if you don’t like reading it. I mean it’s i3 ferchrissakes :)

Of course, and absolutely, I’m a mere super tiny investor and the big businessmen wouldn’t have embarked on something unless/until they did their due diligence. They know what we don’t know!

But I’d posted before here about the telecommunications towers industry in Malaysia. Shrug, the bosses know best…

Hahaha

Tree, I’m not being negative at all. I’m just skeptical. Skeptical with their new business. Skeptical with TS Danny Tan. Positive on Eddie

Ugh… Tropicana… double ugh… terrible company this Tropicana…

Now got Eddie and Vincent’s brother on board

I’ll think quite a bit this weekend…

Chon, I invest and trade my investments just like the big funds do. I will never “take an active role” in this (or other) forum to “protect the interests of investors” and stop rumour mongering from causing a stock to go up or down nor “tarnishing” the image of a stock. That should be done by company owners or invested IBs

As for knowing whether a stock is being shorted, my brokerage’s desktop software and mobile app show me that. It even shows me why a stock with less than 10% buy percentage can close higher or a stock with 80% buy percentage can close lower

Chon, I don’t own any Sunview shares. But I do check it when I’m free. And I had never noticed any short selling. And so, my question to you was why you mentioned short selling in this particular i3 Sunview thread?

I’ve never actually “shorted” any stock. The only stock you can consider I shorted was the multiple put options I made on Facebook (now Meta) back when I started reading The Guardian’s coverage about the Cambridge Analytica story

A suggestion : Review all the posts you’ve made here in Sunview and elsewhere. Think of how it looks to experienced traders/investors. Your posts look super amateurish to me and I’d suggest you keep your counsel (ie. invest and trade silently)

Everyone has a right to either defend their investment or promote here in i3. I’ve done that too. But moderation is key

Cheers

Not all increased

Super long guidance/prospects in the QR. Don’t think I’ve read such a long one before from them but well…

Chon, you seem like a nice person but you also seem to promote stocks you bought. Almost daily. Until you obviously exited PTRB

You also seem like really REALLY inexperienced in trading and investing

You mentioned shorting. Please explain *specifically* why you mention this with regards to this particular stock?

This is Pelikan 2.0 :)

24th August 2022 is a day I’ll remember very well :) even tho my patience had been thoroughly tested since then. Until last week. And today :)