Nothing to say except a BIG THANK YOU to the very meaningful article by kcchong.

CIMB gives TP RM0.98 on 28Aug15.

-Salcon's turnaround story of securing recurring earnings has begun to
materialize with the first cellular site rental contract between VBT with U Mobile in mid-Aug.
-VBT had earlier inked an MOU with Celcom and could sign an official contract in the short term
-attractive 5-6% yield （RM0.60)
-net cash balance of RM165m (24 sen/share), representing 41% of its market cap.

I am thinking:
Before: product cost= usd20, selling cost =$24(to U.S. Buyers), gp =$4. Pay M'sia tax @25%=$1. Net Profit=$3.

After : product cost= usd20, selling cost =$20(SPMX HKong), gp =$0. Pay M'sia tax @25%=$0. Net Profit=$0.
SPMX HKong sells at $24 to U.S. buyers with profit $4. Tax to HK gov@16.5%=$0.66. Tax saving=1-0.66=0.34.

Physical commercial works at M'sia with invoices from HK.

May be your 8.37 was sold to me which i bought on yesterday.

Mr nokenzo: very nice to hear from you too. You are one of the people with good manner in public forum. Please keep up. We need to contribute our best to create atmosphere of positive energy. Thks

"收股息是买股票最烂的一个理由!!"
这是在股市多年來所听到最莫名其妙的的一句话。前人成立股票市场的主因是集资，发展生意，分享盈利(股息为其一)。曾几何时，新生代竟然把最初的理由当着是最烂的理由。唉!难怪我在Padini 会亏钱，大概是我一直以来都是以最烂的理由來买股票。该输。

Expected. GLC has never hidden their intention to swallow good properties companies. As long as I can remember, there are mutuara, sunrise, spsetia and next is Mahsing.

After ex div, price may be adjusted down to 1.37-0.65=1.3.
Umm, from 1.3 to 1.0 is ~24%. Very aggressive loh.

The most critical factor influences long term performance of share price and also confident level of investors is performance of the core biz. Since Mahsing slashed its core biz i.e. sales target by 32%, its price will be logically slashed by broad market as well. Inevitably, my confident level is dented badly too.

I have no choice but to hold it for many years more waiting for the weak sentiment on properties market to recover and so the sales of Mahsing. The worst hit to me is its dividend will drop along with its reduced eps. Dividend from Mahsing constitutes big portion of my passive income. Unlucky year. Sigh !

阅读，修养,好心态. Mr Koon is a good model for younger to emulate. You may not agree with his views, but his contributions to either the general or investing community are great.

With continuously sitting within top 5 for the past 7 months and still with 68% return while most of the investors are bleeding in the current very weak market, Ooi Teik Bee is undisputable one of the super investor in Malaysia. Bravo! Mr Ooi Teik Bee. People should consider joining the "subscription service" provided by him.

huat = kekayaan kembang

Kawan Kawan : ha! ha! 6.80 now, even the highest price of our series of averaging down action last couple weeks has brought in paper profit alraedy.

Hope MPI to reap in even more profit to cover my big loss on properties counters.

Mr. Koon: thanks for your another great write up. Only humble people can learn from great experienced people like you. Please keep on contributing write ups to i3 so that many rationale people here can learn from you. Thanks again.

Million THANKS to your great contribution too.

Khun ru pasal Thai Krap?

Scarlett and Rhett

OMG! Eps for q4=18 cents.

FF2: was it wellcall where I met you last time? nice to meet you again. I am not hit too badly as at today, if not because of the latest few speculative big bets, I would still in positive zone. Anyway, since I like to eat salted fish, I am ok with thirst. Most importantly, my div yield is higher than FD and housing loan rate, therefore I can still smile when seeing passive income coming in each month albeit the capital was burn down each month.

Kakashi : I am with you too that my profit in many years has been wiped out recently as I was greedily and overly bet on few unfortunate speculative counters. I have made loss already too. However this is not my worst defeat.

My another big mistake in investment is that I do not know how to cut loss thus I carry along my loss till another spring season. Luckily this time around, my overall div yield is higher than FD which can cushion my capital loss on paper.

Whatever it is, it is very nice talking to you and thousand thanks for your close following up on Notion for years. Thks and good night.

Referring to return after IPO, did you factor in the 5:1 consolidation n years ago.

If it is a new company, I would not pre-judge if its MD is a good or bad man. However this company has been proven growing backward unfailingly for many years, what else can we expect from the management. One or two poor incidents are ok to blame God, a series of poor incidents in few years tells the incompetency of the management. Therefore I do not recommend new people buying into this company. There are many solid companies in bursa to invest. Do not take unnecessary risk here. Let the old die hard bird like me stinks here.

I bought in at very high price with the current valuation but was a reasonable price at the time of buying. I started buying even before 5 to 1 consolidation n years ago. I bought even more somewhere at 1.80 if I remember correctly. I put in high hope on Mr Too, but I do not know if God play him out or he plays me out to become today's deadlock position.

Although we were not happy, as small shareholders, we have to swallow and pay for the stupid wrong decision by BOD on silver investment. But the superb stupid BOD did not learn a lesson from their stupid decision in silver and now forced all shareholders to pay for his stupid decision in hp biz. If he is a man, he should use his own money to pay for his second stupid mistake. Even Tom, Dick and Harry on the streets know that hp retailing biz is not suitable for Notion at all, this stupid Too does not know it? I doubt there was some fishy thing behind where public money was siphoned out thru these kind of idiot stupid biz decisions.
Sigh! Even if the price shot up 100%, I am still bleeding like hell. No hope loh.

Val-Elta: Thks a lot.

My biggest mistake in investment is that I do not take profit especially in bear market.

Top gainer for a day. Bravo, MPI.

Umm ! At least our averaging down is making some profit now.

thks for your concern. Luck is unpredictable, else it will not be called luck.

I like all kind of high div counters such as matrix, huayang, tambun and maybank for regular passive income. Last week I run out of fund to buy more mpi below 6. Maybe this week I will borrow fund to buy if it still trades below 6.

I miss TonyLim. Where are you bro? Wishing great health and great luck.

Hi inwest88: thks for your nice greeting. I too wish you great health and doing great in Bursa. It is not easy to have long term survival in Bursa who is rational in thinking process yet willing to contribute in i3investor like you. Thks to have you in i3.

笨人投资法：在大家看好大巿时，多卖少买。在大家恐惧时，多买少卖。也不一定须懂得太多，只须分散买入公认的折价好股比如马银行，GAB，DlGl等。长期持有，赢面一般会高于在牛巿追逐价值投资或技术投资。
问题是有多少人有自律做笨人？我雖懂却做不到五成，所以在股市多年了，却还在浮沉。

Most of the counters dropped by >10% in a week but our beloved TurleSing stays still as a stone. How nice to see our capital remains unaffected while broad market drops like no tomorrow. While enjoying peaceful mind on the stand still nature of Turtle in bear market, please do not complaint when most of the counters up >10% in hot market while our Turtle Sing hibernates. This is the behavior of Turtle, steady and slow, no matter you shine or rain outside, it bothers only in growing core biz.

If I buy now a unit of single storey house in second tier town, it would cost me about RM183K. Then I rent out the house, rental would be the most at RM500/month without hazard if I am very lucky to have a good tenant.

Alternatively, I can buy 22 lots of Maybank at RM183K with monthly yield(rental) =22x550/12months=RM1000/month which doubles the amount of rental from a house with same amount of investment capital. With this reason, I bought in many Maybank without hesitation.

My money works for me with passive income RM1000/month. Very nice.

I checked thru historical price trend of Maybank for the last 15 years, MBB was rarely traded below 8.00. The one worst time was in 2009 with price traded much lower than 8 when Maybank bought Indo bank with very high premium couples with subprime crisis in US. So I do not worry Maybank drops below 8, even so, it will rebound very soon unless historical trend break down.

To be frank, it may drops slightly below 8 in short term, but its current dividend yield(550/8300=6.6%) is too attractive to ignore, therefore I have grabbed in many lots. More fund has been stand by for more purchase if it drops further.

I am running out of bullet too as I am not only buying MPI, at the same time, I bought Huayang, may bank, matrix too.

I do not understand why devaluation of RMB will affect semi-con industry. Biz is transacted in USD. Chinese is still very rich after 2% of currency devaluation. Demand on smart phone and tablet are still very robust with cheaper selling price nowadays.

I have an opinion that the current sell down in Bursa is due to weakening RM which indeed is the profit booster to MPI. The more RM weakens, the broad mkt will be more panic but at the same time the more profit MPI will be. MPI is a company operating in up cycle semi-con industry, quite certain earning more profit, selling at reasonable PE at ~15(semi-con), paying 3+% div yield. Thus I put in my chips.

I bought another 1 below 6.40.

lching: I got it a bit cheaper at 6.47.

Let's us collect a bit more tomorrow if it drops further, ok?

Today, I added 1k shares only lah at 6.49. If it drops further tomorrow, I will buy another 1-2K. I am considering to add Inari too. What is your opinions?

善意的恶行。

Bought in Tambun today at 1.65 for its dividend for long term

SC23 : welcome and thks for coming to Mahsing.

Some people read and quiet do not mean they do not care. The described formula is quite complicated for laymen and most of the people here are laymen. The original purpose of the write up is to share. It is encouraging to receive some feedback but it is still OK not to receive response though.

‘无为而治’是冷眼密诀中的其中一式。与紧咬青山不放松、不动如山相映成輝

亲身经历分享：
与原文主人擁有同样的目标＝靠股息达财務自由，我雖更早入市，为何却还在浮沉。就主要原因是我有时会失去最初的自律，隨风投资高风险股，卻速而不达也。
所以我的劝告是只买入公认的优质股息股市，即使估价比較高，只要长期持有，达标的机率肯定是高过一般股市‘达人’。
例子：LPl，MBB，PB，DlGl，lGBReit。

“至今股息已趋向稳定(通过持有优质股息股)，即使不工作，也已经足够应付我每年的开销。”

以上是我多年的梦想。原文的主人已经达到目标，我还在努力中。你呢?