Hi inwest88: Recommend you to study and follow up Prestariang. From the preliminary study, it should be a good candidate for long term and dividend. KC talked about it and bought in.

I do not want to chase after. Sit and Wait for opportunity to knock the door.

CEO(Dr Abu Hasan Ismail) aims to bring Prestariang market capital to RM1 bil in 3 year time from the current around RM550m. RM5 in 3 years ? Do you buy his aspiration/aim?

魏公公精明可惜无种, 专出卖主子.

Hi Eric Wong: I am still surviving in my career and Bursa and the same as before-the passive player in the market. Lately I have no any action except buying in some MKH while studying Prestariang for future. How about you then?

Learn the concept and method wisely and practice those suit you the most. Should not just follow rigidly. Lee Chong Wei and W Buffet can share you their methods of successes but there is no second LCW and WB.

If you just clone whatever LCW did, you may very likely get injured very fast and unable to play badminton for long term. If you just clone whatever WB said, you may end up in Holland very fast unless there is an angel on your shoulders every day.

I like WB and LCW on their “spend lot of time, stay very focus, for very long term, watch it carefully”.

I also like “hold for >25 years......receiving dividends and price appreciations....$ makes more $=millionaire”. I screwed up my first 14 years; the counter which I hold for the longest period now is only 7 years, which is Genting.

How about you ?

It was the bad smell and house flies chasing me out from Pg.

爱丽斯: Thanks.

inwest88 : Thanks for your greeting. I am curious if you make good money from the active trading as thread kaki932 ?

I am pretty passive all along, just Sit and Wait. Lately, I bought in MKH at the wrong timing. Still making a marginal lost. I believe it was due to the poor FCF(Ah Ha! learning from KC in talking FCF, unfortunately I am a half past six lah).

KC talked about Prestariang lately. Do you follow ? I follow the analysis but not the purchase.

Good luck.

I have 15 in my portfolio but fews of them do not really requires close monitoring on its biz. Example are LPI, MBB, CIMB. GenT and GenM do not requires babysit too. So basically I pay more attetion on 10 counters only.

20 counters are a bit too many for me to monitor their business development.

The Star : Dec. 10, 2013 - Mah Sing Group plans RM400m township in Jawi, Penang

http://www.thestar.com.my/Business/Business-News/2013/12/10/Mah-Sing-Group-plans-RM400m-township-in-Jawi-Penang.aspx

This is not a wise move and the project will not be a good one as Jawi is an area full of house flies and bad smell of chicken/pig dropping from the many chicken/pig farms nearby. Yes, Mahsing may able to sell the project but it will certainly not as hot cake as those in KL and Iskandar. The profit margin will be not as high as other projects elsewhere too.

So I am not excited with this announcement.

Hi : I score A+ in holding power but F in realizing profit. Overall result is C only.

I opine if I need to sell for money, I am certainly over-invested. Unless there is a special case such as buying a new property. I sell only when I want to switch to another counter else the money will be there for dividend.

Hey, I just came back from Bangkok, there is a new handbag brands Naraya”曼谷包”. It is very nice and cheap, while helping poor community to have work (mission of the owner). Recommend to you.

Agreed with Angie. However as I keep it for very long term, the return is still reasonable (better than bond and >2xFD), albeit it is significantly behind the broader market, let alone comparing to the many super performers in this round if hot bull.

A..! Durian jatuh. I checked its past record, only 5 sens in each year. Wow, now from 5 jumps to 15 sens (Calendar year), 150/2620=5.7%, not bad ma.

Hi pputeh : I do not know why LPI ups lately. I also do not track how much it ups or downs. As I said before, I keep it deep inside the store room for many years to come. However, up is still many times better than stagnant or down, albeit they all are numbers on paper only in my case.

Using your figure, RM1.10 is still less than 10% upside, so so only lah.

There is one thing certainly can arise my excitement on LPI if it increases its dividend payout. Ha ! Ha !

Thank you. This is another example for me to analyze the method. I am half way thru now.

Respect too!!! LGE is neither special nor great but just performing the common duty of a government of people as taking place in many countries in the world. We are surprised as we have never seen this kind of healthy government which really cares for people but not a small group of cronies disguised under with the name of people.

So far, I can follow till Total FCF. Will stop here and continue back 2 weeks later.

Decision process if to invest in a company= prospect of its business, its operating efficiencies in ROE, ROIC, cash flow and free cash flow, enterprise value. This one is much easier than DCFA, I guess.

Thank you.

Fundamental Analysis : THANK YOU VERY MUCH to KC Chong

I do not know if at last I can figure out how to calculate IV, but at least after knowing you since the last few months, now I start to appreciate FCF, and know how to read Cash Flow Statement(at least can understand the statement for >50%). Before this, I skip financial statement while reading Annual Report. Thank you very much.

“Institution owing” tells me that the company is at least not a rubbish.

“How much the directors are remunerated” is one of the indicators telling me the integrity and attitude of the BOD although it cannot tell all. I am OK for Lim Kok Tyhe(Gent) to take one of the highest pay among listed companies in Bursa, but not Puncak.

"Quality of the BOD" is very important to me as I am now working in a very competitive environment to outpace the competitors. I embrace competitiveness and creativity. I saw many of my competitors die off.

If the BOD is not competitive (smart in biz), the biz will be sidelined and obsolete. Example: 10-20 years ago, there were many furniture, garment, semicon and gloves factories in M’sia, how many left now?

Why Kossan and Top Gloves can survive till today but not Latexx Partners, Seal Polymer , Conform Rubber and many more ? Why AKN, AT dies off (I quote them as I lost in them till pant down)?

“最佳領導公司獎”should largely due to the very outstanding leadership of Tan Sri Leong. CONGRATULATION to Tan Sri Leong.

How good and far can a company go depend mainly on its leadership. Now the leadership of Tan Sri has been testified by its phenomenal past records and recognized by an International Body, what else are you waiting for? After SuZhou, there is no boat for you. By the time all dust settles down, do you think Mahsing is still traded at 2.20?

Wow! Am I promoting a counter? Sigh, why I did so? Please discount my comment as I have conflict of interest. Do your own homework, pls.

Thank you very much. After jogging, I will study again. Really 头大+头痛. 不简单. Hope this time I can get thru this hurdle.

Hi KC Chong : I spent almost 2 hours trying to figure out the below, yet still 一头雾水. Would you please kindly enlighthen. Thank you.

PV of FCFF of core operations $751,000
Non-operating cash $52,186
Debts ($1,371)
PV of FCFE $801,815
Less minority interest $0
FCFE $801,815
Number of shares 220000
FCF per share $3.64

I am still in the process to learn more on Prestariang :
Here are some to share:
1) AR 2012 : No 20th largest shareholder: RHB Capital Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Fong Siling(冷眼) (CEB) 1,000,000=0.46%.

2) 50% DPO

3) All non-executive directors carry great corporate background and experience. They all are 人才. Non cronyism type of company, they can stand on their own feet, compete and win. Although, it is a Bumi company but engages 3 non-Malay out of its 7 members in BOD. This indicates that the owner is not color-based but merit based. He appreciates and embraces competitiveness.

4) Total remuneration of all Directors= 945,712 only(less than 1 mil, men), delivered you 110 mil in revenue and 37 mil in PAT. This indicates the BOD is genuine to deliver and do not intent to siphon out your money.

5) No. of % shareholders >2000. Not bad.

6) There are many institutional investors as its shareholders.

Lately, I watched two movies from Iran; “Children of Heaven_1997=Bacheha-Ye aseman" and "Seperation 2011". Both are very touching movies, I would strongly recommend you to have a watch. I saw honesty was upheld and practiced naturally in every corner. Do you see the same in the current M’sia ?

Yes, I am learning fundamental analysis now. Since morning till now, I am still analyzing the Intrinsic Value with DCF. I am stuck on the formulation. I am now in investopedia for the video and example.

I also open your post on Scientex(Posted by kcchongnz > Jan 6, 2013 11:12 AM | Do you have any hidden gem for 2013?) to understand how you assess if a company is considered a gem. I want to try your method on MKH as lately I bought into it.

So, yes, your posts and articles posted by KW Tan help a lot. Thank you.

I read your latest post on Prestariang too. I am searching and reading more on Prestariang. Want to understand what is ICT and how they make $ from ICT and also what is Autodesk. Doing homework is time consuming.
Thanks.

CPO could hit 3000/tonne by Mar 2014_Indonesia
http://www.theedgemalaysia.com/business-news/265531-palm-oil-prices-could-hit-1-12-year-high-by-march-mistry.html

CPO could hit 3000/tonne by Mar 2014_Indonesia
http://www.theedgemalaysia.com/business-news/265531-palm-oil-prices-could-hit-1-12-year-high-by-march-mistry.html

I opine The CEO(Chen) has integrity problem. Since he knew the pending result is not favorable on plantation segment, he should not have an interview and talk great about his plantation. He painted a false picture to mislead investors. A high integrity leader knows how to manage the sensitivity of timing. If he accepts interview only now, then he can avoid all confusion and misleading. If MKH is listed in Wall Street, he will be questioned.

有eps 32.97sens 打底，没事、没事。

死啰，買了才看到你上貼的业蹟。

预计良好业蹟，剛買进第二批。祝我们好运。

小步's life is too easy. It is not a wonderful life if compares to 阿峰.

This is a story of Len Yan sifu as well, started with very poor childhood, then very hard working and persistent in learning investment in equity market, consequently achieved success in equity market with reward of multimillions.

There is element of Millionaire next door: millionaire who does not show life of millionaire.

阿峰's life is not bad too.

周星驰：「開心嘅時候過得特別快，又係時候講 Bye Bye!

我家附近啦。一般性的错误是忘记身边的美。别人的老婆总是比较美的。该罰自己。

超棒！我感同身受。打工族，别错过此A+级文章。

KCLoh: Thank you very much for your kind recommendations. I feel pain on Wellcall because it is very close to me historically( I have Wellcall before) , physically( I am close to the factory), financially(I follow its biz performance) and industrially( I knew the industry well). See, I got so many “closes”, but just missed “close-deal”. Sigh, no chemistry fate lah.

This one I have 心痛的感觉。可惜呀！

Because it was so close to me yet so far. 走雞啰！

KC Loh: Congratulation x3. Envy you on this one.

只是借用冷眼的标题“股票伴你老”。冷眼从沒写过此文章。这是星洲的理财篇。

误导性高

Robert Love: Sorry, this time let me out of topic a bit. I opine that what should be discussed on Tien Wah have been most or less discussed. Going further may not be necessary or does not bring more benefit. This is my two cents only.

I am not a supporter of MCA but OTK. I believe many Chinese have similar thinking. If OTK is elected and there is no more infighting after the party election, MCA will gain few(not many) more seats as compared to GE 2013. Chinese will have more dilemmas to vote in the next GE. I guess this is the view of Najid too if he can compromise Ong’s relatively straightforward character in handling those perceived corruption under his area of purview.

I will one day. Thks

I am waiting for Genting-Wa. Mother=10, subscription =1.5, exercise=7.96. Tenure=5 years

connie : lately I saw you very active in 932kaki. inwest88 is an experience good guy, you are lucky to have him there. Good luck.

This is the cruel fact, the rich will become richer. You can earn and brag for today's victory. Once the Big Bear massacres, you will be stuck with no fund. Without new fund, you basically cannot do anything except drooling slaver while seeing all high quality counters on fire sale.

Those rich men and ladies, can keep on buying at lower and lowest prices as they wish. Accumulation during the fire sale will push their wealth to the new height when the Bull returns. I am fortunate to make a bit of fortune here as at my current age, I can allocate bigger portion of salary as a new fund for high quality counters during fire sale.

So to those young working people, please take clue from this story, not to put in too much of your money into the hot market. Reserve fund for big Bear. You will love Bear, just like me.