Exchanging Views on Mahsing:
i) “U…BUY 2K-4K shares consistently….”
: You are much more discipline in this sense. I stop buying since Jun13, not because losing faith in it, instead I have had too much on hand. Luckily, this one carries good paper profit.

ii)“U…waiting to FLY…”
: I disagree on this perspective. I believe MSing will eventually up reasonably but will not fly based on its historical trend.

iii)“U…Buy low and SELL high..”
: I try hard to buy low but do not know how to sell high(or maybe do not want to).

iv)“U….UNDERVALUE….”
: Fully agreed.

v)“U….TP RM 5..”
: My TP in 2015 is RM3.1 with mkt cap ~4.4 bil(close to 5 bil aim). I got the clue from Mr Leong’s aim to grow MSing to 5 bil company in 2015 and also based on reasonable growth rate at 20% each year.

vi) “U…Patient=success...”
: Fully agreed with good counter as MSing. In fact I do not plan to sell it even at 3.10 be it now or in 2015. It is because I treat it as one of my retirement portfolio with consistent, growing and reasonable yield.
But then, I will definitely fall in a dilemma of sell or not to sell. Human behavior mah. Ha! Ha!

vii)“U…Reasons buying MSing..”
: my reasons
a) Mr Leong and his mgt team: reliable, consistent, capable and outstanding…
b) Continuous flow of news on new launching with hot response from buyers,
c) solid earning capability and records.
Rev growth rate(07-12):+16%, +14%, +8%,+58%,+41%,+13%,
PAT growth rate(07-12): +24%, +15%, +1%,+25%,43%,+37%
Net Margin(06-12) : 13.2%, 14.1%,14.3%, 13.4%,10.6%, 10.7%, 13%
d) Reasonable and growing dividend yield. Min. DPO is 40%. My ave yield now is 4.4%.
e) Manageable debt level especially for purpose of land acquisition
f) Housing industry may slow down sometime but will not die off and will pick up after bottom cycle seeing the young and growing population of M’sia.

Thks

Put equity market aside, "請管好你的嘴巴" is also a golden advice to fresh graduates who newly enter work place. Do not gossip and talk about bad thing, instead think and talk positively. This will bring you extra money at the end.

KC Chong : can we hear your view. Thks

Topseeker: I like your idea. Hope you can elaborate further. TQ

Hi : I hate happily that GTronic trading at 2.90-3.00 at this point of time. I am perplexed. Can I hear your opinion on this?

Aiyoh , his Lau Dou is the most powerful horse in the country, what cann't he do ?

If LKT is a shit, sell n go away, nobody force u to stay with shit. If I bought or hold a shit, I am a shit too.

Frankly speaking,,I see him as a fertilizer growing the biz step by step.

20 years ago, my holding on the “good value-go out and work hard” was firmer than stainless steel. After 20 years of bashing by the cruel facts and accumulating some wealth, my believe on that good value starts to waver. Nevertheless I took it positively and remind myself to create a fairer and joyful working environment within my capability.

The so called Cold Eye’s portfolio was not posted by him. I do not know who and how the portfolio is there for REFERENCE. I am certain that the “poster” did it with good intention.

Cold Eye is an undisputable expert, at least when comparing to you and me.

If one does not have generous heart, do not mean others do not have too.

星洲网首頁 > 財經 > 大馬 菲馬集團或併旗下種植業務
2013-09-25 11:34
http://biz.sinchew.com.my/node/82643?tid=6

If he wrote about a counter, does not mean that he bought that counter. A lot of times, he just quote a counter as an example to explain message which he want to convey.

Hard to believe that "KESM, Kimhin, Kretam, EAH, ChooBee, MSC,NCB, FACBind" are counters of Cold Eye. They look like more of counters of speculators. Who can verify this?

From Annual Report 2012, Cold Eye is one of the 30 largest shareholders of GTronic and Huayang but the posted portfolio does not show both.

KC: thank you very much.

Curiwangbagus :
From another perspective, do you think they are killing the general ethnic Malay quietly ?
At the lower level, if you compare to Indo who came to our land, they are the same Muslim, having the same Malay culture but they can compete and grab away almost all of the sub-construction and house cleaning works from Chinese. Look back at our Malay, 67 % of the country population, where are you?

At the middle level, just go to manufacturing sector where efficiency is the upmost value (no color factor here except some privilege given to Malay to please the gov), safe to say that almost 80% of engineers and managers are non-Malay. Where are the Malay ?

At the higher level such as entrepreneurship or businesses, just look at KL during Chinese New Year and Hari Raya festivals. Where is the Malay in businesses? Look at Bursa, how many are owned by Malay if not GLC?

Look at the result list in universities every end of the semester, how many Fatimah or Ali appear at the top of the list?

Hey my dear friends, pls wake up, you should not let Mahtirism to kill the beloved ethnic Malay. He is not a genuine Malay anyway. Honestly, I as a Chinese do not want to leave you behind as I agree that there will not be a true peace if the majority is lagging far behind. Please wake up and let us progress together, we will extend our helping hands when you need it.

What do you think ?

红股派发能力衡量法 - chengyk
http://klse.i3investor.com/blogs/kianweiaritcles/37426.jsp

COURT HER EVERYDAY :
Only with Pain, I appreciate Love. Having Love in heart, I have passion and persistent. Consequently I COURT HER EVERYDAY till the day she matches me and we tie the knot. Then we live happily ever after as Snow White and the Prince.
Good night.

Hi : FYI. Main market and contributor of the beloved Zhulian.

The Nation(Thai English Daily, 24Sep2013) : Headline on the front page: A poll found that half of the Thai population is tightening their belts against the tougher times ahead.
The Thai government admitted that Thai exports would increase by only 4%, sharply down from the official target of 7-7.5%.

Ah Ha : I found the lyric of 曾经心痛 :...這些道理我懂　可是真正面對(2.50 to 3.80)教我如何放得下.

Hi : Relevance articles in The Star, 24 Sep 2013
1) Re-rating in store for Zhulian? by Kenanga
http://www.thestar.com.my/Business/Business-News/2013/09/07/Rerating-in-store-for-Zhulian.aspx

2) Zhulian could be expanding into Myanmar at the end of this year or early 2014
http://www.thestar.com.my/Business/Business-News/2013/09/24/Boost-for-direct-selling-firms-Zhulian-and-Amway-trading-near-or-at-alltime-high.aspx

Many years ago I studied from school that human being would starve as human population grows faster than production of food. Fortunately, the agriculture revolution with invention and vast application of chemicals (fertilizer, insecticides and herbicides), production of food has grown exponentially and certainly faster than global population. Consequently billion of lives were saved and thus you and I can now sit at front of PC exchanging view after great dinner.

For technology advancement for the greater benefit of human being, certain degrees of sacrifices have to be there. It would be a bit hypocrite for affluence people asking to stop vast agriculture activities for environment preservation.
What do you think ?
Thks.

HELP :
13. “There's no quicker way to tell if a large growth stock is overvalued, undervalued, or fairly priced than by looking at a chart book.”
Q: what is chart book?

16. “Annual tax selling by disheartened investors at the end of the year drives the prices of smaller issues to pathetic lows.”
Q: what is annual tax selling ?
Thks

10 % growth is very reasonable and achievable. Last few years from 2009 to 2013, growth rate on PAT were 27%,10%,6%,9% and 23%.

心痛的感觉

A beautiful girl walked in a romantic restaurant. While browsing thru the menu, a special drink called心痛的感觉 attracted her eyes, costs RM50 a glass. Expecting for a special feel, she decided to order one with money she just earned from selling Zhulian this afternoon. After almost finishing the served plain water, she called the waiter asking for the special drink that she ordered.
Beautiful girl : "can I have 心痛的感觉 which I ordered just now ?"
Waiter points at the glass at front of her chest: "Miss , that is your 心痛的感觉. Would you like to have one more ?"

Beautiful girl :"................Ah !!!心痛的感觉......."



.......not long after Zhulian ups from 2.50 to 3.80.

As I shared before, I calculated the fair value by my way at 2.50 and sold half at 2.50 of the holding. Look at now, 3.80. 心痛的感觉.

intrinsic value calculated last yr was 3.40. Now it is 3.80, about 10%>int value. So do u think it is now fully valued. As value investor should we sell now ?

I want to copy the Chinese word, but keep on pressing "abuse" wrongly. Do not mean it. Sorry. Screen of iPhone is too small for old finger of me.

Not Assets Injection but MENTALITY

Not to mention just only I&P, even injecting the whole country, its performance is just like the current government, their big boss behind the stage. Its long term performance will not kill your investment in it at least for the 56 years to come but will certainly lag behind its peers such as S’pore(Huayang?), Thai(Mahsing?) and Indo(Eco World?) very soon. The key is not how much of asset injection, it is the mentality.

心痛的感觉

I always believe the most critical element for a success of a great company relies on its people especially its soul leader. Assuming Tan AGong acquired Islamic Bank and forced out its soul leader, do you think the bank can still perform excellently as before? Do you think its established Muslim customer base will continue their royalties to the bank? Do you think the excellent Muslim management team will stay to support Tan AGong ? Tan AGong is instead killing the golden goose for quick egg.

Mega Developer In The Making ? I afraid Mega Developer In The Falling.

I usually do not guess, this time I guess Bonus issue. Just for fun, OK.

Ipomember: I do not have special insight on MLM. Since you talked about MLM, I would like to share with you some tips on personal health which are related to MLM.

As many friends especially those frequent travelers, we frequently have sore throat-flu-cough. At once about 10 years ago, a friend recommended to take 4 tablets of vit-c from Amway per day. It was very effective and gained my confident immediately. Since then, I took vit-c from Amway regularly and can say that till now I have almost no more severe flu-cough-sore throat. Touch wood and thanks god.

Wherever my kids showed early symptom of flu-cough, I gave them vit-c from Amway, most of the time(not all the time), we managed to get thru without doctor.

One of the friend(old biz man) at 75 but looks as strong and active as 60 year old. He took multiple kind of supplements from Amway daily. We guess, his youngness is attributed to his good genetic, but likely Amway help too. He drinks red wine daily too.

Besides Amway, my house has Aloe-Vera and Bee Propolis from Forever Living(MLM). One of my sister in law recovered from the incurable SLE by drinking Aloe-Vera(REAL LIFE SAVING CASE).

I used facial cleaner from Forever Living for the last 20 years, no pimples on my face. Touch wood.

I like homemade bread so I have a bread maker from Amway after disappointed by the RM300-400 bread maker from Sen Heng.

Water filter in my kitchen is from Forever Living.

I used fuel booster from Cosway.

Many people complaint that products from MLM are expensive, but they deliver value to my family, at least.

Blue chips such as Maybank are expensive but its value is always there especially during the troublesome market time. To me, one high price MBB is better than few low price second or third liners.

I used to try many low price vit-c from pharmacy, it never works well. Wasting small money is fine to me, but suffering from sickness and antibiotics harm me.

Disclaimer : the above are all real experience and sharing, none of the example is fiction. I am not a member of any MLM but a small shareholders of Zhulian and Hai-O.

What is your thought?

Thks.

Hi ipomember : Sorry I do not have insight on MLM business. I have decided to chicken out from Hai-O.

If I have time next weekend, I may write some. Now I am at home for holiday.
Thks.

Why I chicken out from Hai-O on 22Sep13 at RM2.62 ?

The stupid Q1 with eps 4.46 sens woke me up. Q1 at 4.46 sens is one off poor earning only or reflecting the true earning capability? Nobody knows the answer. So I have to take risk on this.

If the eps at 4.46 sens repeats for the next few qtrs, the eps of FY14 is 17.8 sens with div at 8.9sen=yield 3.4% @RM2.62. At PE 10X, price in 2014 is RM1.78 and yield 3.4%. Why should I buy it at this level of valuation at the current hot market?

So I chicken out.

Why I bought Hai-O on 20Sep13 at RM2.62 ?

Last year eps was 24 sens. Assuming growth rate is 20%(2012=17%, 2013=40%), eps of FY14 is 29 sens. At PE 10x, price of next year is RM2.90. At the current hot market, PE can be >10X easily. Every 1x ups, price will up by RM0.29 sens. If PE 12X, price is RM3.48 next year with dividend 14.5sens=5.5% yield. So, why not to buy Hai-O at RM2.62 ?

Why I bought Hai-O on 20Sep2013 at RM2.62 :

1. People(most important factor): I trust Mr Tan Kai Hee as I follow his backgrounds on either corporate, social or politic arenas. I read a lot to establish the confident level. It is very personal. On company perspective, I trust the integrity and capability of him and his management team in stewarding the company.

2. Profit : The company is making profit each year from 07 to current. The net profit was growing from 2007 to 2010 then hitting wall and tumbled significantly. The growth trend on PAT has resumed since 12 to current. Is the drop in Q114 signals the down trend again? Does it has consistency issue as before? Maybe I were too nervous judging thing based on result of single quarter. The past good growth in the last few quarters was pushed by special promotion and once the promotion ceased, the profit tumbled along. This indicates the profitability is not healthy and raises question on its long term sustainability. I have concern on these as I am a small fish who have no luxury to take risk. Furthermore it has poor record in 2011.

3. Growth : About the same as the above mentioned on profit.

4. Healthy financial status : net cash

5. Products : has good demand and very elastic. Evolve along with market trend.

6. Dividend : Minimum DPO 50%. Current yield is about 5% which is higher than FD.

Thks and looking forward for your comments.

Iwalk : I am a bit perplexed and seduced by the hot market. In normal case I should not buy Hai-O at the current valuation. Thank you for your timely reminder. I will pull hand brake here on. Thousand thanks.

Why I bought Hai-O :
i) Use hard money to show support while people said you cover up.
ii) You said “good to hold Zhulian” while buy on Hai-O. So listen to you lol.

Actual reasons are “Buy when others sell” and diversification. Furthermore Hai-O will not pull down my grand div yield.

At the moment I still have faith that Hai-O has good growth trend in long term. The best opportunity is that when I have confident on long term earning of a company and others sold due to short term jerk on earning.

I want to share that I can wait patiently since 4 Aug till today to buy in the targeted counter.

Thks
Thks

Hi : I am very please to inform that I am now officially one of the member of Hai-O after buying in at 2.62 just now. I started a very close following process since Aug13. Today the opportunity appeared, so I just grabbed it. I plan to keep it for very long term as long as its fundamental does not deteriorated. If it drops further later, I will accumulate more. Thank you.

The above described "投资型被动收入" is a true fact and it is achievable. I am one of the investor holding on this kind of principle. One more benefit which the writer did not mentioned is that I am not so fear of Bear as the good dividend is still coming to me even at Bear market.

Nevertheless I am still tempted to touch some high growth stock with hope to get high capital return while enjoying price excitement as riding a roller coaster. My overall dividend yield is not too high after pulling down by the high growth stock which normally does not give high dividend.

All in all, my grand dividend yield is still at comfortable zone. In fact I am trying my very best in converting few high growth counters to high dividend counters lately.

Example of good high dividend counters which I like to buy in during Bear market are Zhulian, HaiO, Mahsing, Huayang, CIMB, Maybank, LPI, GTronic and KFima .

Friends : you should consider this approach if you are still making a lost in Bursa after years of endeavor.

Thank you

2862862 and Aero1: appreciate your info.

I have two concerns:

i) I like MKH for its prospective huge earning from plantation. But I do not know how much profit it can get from its plantation. Based on my rough estimation (unscientific method), the maximum profit from CPO is 69 million/year if all trees enter into 6 yr and above, with CPO at 2300, cost at 1300, FFB 22 ton/hectare, extraction rate 21%. But the actual case is that only trees planted in 2008(3500 hectares) may deliver optimum fruit and RM16mil profit/yr. Trees planted on 2009 and onwards are still young to have high yield on fruit. I am a layman and have limitation to know this kind of info i.e. profit from plantation for each of the upcoming year. Hopeful somebody can shed some light. Thks.

ii) I am not so keen on its property biz thus do not pay much attention on it as I have had big investment on Mahsing already for property biz.

I cannot find Analyst coverage on this company. Can anyone share one ?

Thks

沉睡中的巨龙=美景控股(MKH-6114)[上篇] - 小郭

http://klse.i3investor.com/blogs/kianweiaritcles/36837.jsp

I am monitoring, may join you soon.

The gist of “Patient Investors Will Always Win” is that the company we invested in has to be a good company.

Let me quote one of my actual example, Mahsing which is not a super performer, instead it’s performance is just so-so only in the eyes of many people.

I bought Mahsing at RM2.65 on 10Feb2011 which was almost the highest price at that time. Since then, it has never backed to 2.65 until Feb 2013. After Right, Bonus, Wa, my purchase price has been adjusted to RM1.95. In between I received 3 times dividend, 76+110+76=RM262 and free wa=RM106. Thus my actual cost now is 1950-368=RM1584. Closing price on 13Sep13=RM2180. My grand profit is 2180-1584=596=37% in 2.75 years.

So now do you believe in “Patient Investors Will Always Win”? I believe it strongly, do you?

Buying shares is not a guessing game. If the corporate exercise can be predicted by street men like us, all entrepreneurs and fund managers can go back to sleep already.

Hafiz : I think Eco World is the real SPSetia in making. Most of the heavy weight from SP has joined even junior Liew too. Pls read The Star, 14 Sep13 on Eco World.

http://www.thestar.com.my/Business/Business-News/2013/09/14/New-kid-on-the-block-Eco-World-out-to-make-an-impact-in-property-sector.aspx

The gist of “Patient Investors Will Always Win” is that the company we invested in has to be a good company.

Let me quote one of my actual example, Mahsing which is not a super performer, instead it’s performance is just so-so only in the eyes of many people.

I bought Mahsing at RM2.65 on 10Feb2011 which was almost the highest price at that time. Since then, it has never backed to 2.65 until Feb 2013. After Right, Bonus, Wa, my purchase price has been adjusted to RM1.95. In between I received 3 times dividend, 76+110+76=RM262 and free wa=RM106. Thus my actual cost now is 1950-368=RM1584. Closing price on 13Sep13=RM2180. My grand profit is 2180-1584=596=37% in 2.75 years.

So now do you believe in “Patient Investors Will Always Win”? I believe it strongly, do you?

I do not think it is practical and realistic to keep all money under pillow. In fact as long as you are interested in Bursa you will somehow have some capital trapped inside, it is a matter of how much, impossible to have zilch. If somebody claimed he was so smart to clear all stocks during the Bull, he is either a liar or not a serious player, be it trader, investor or speculator.

“Jerry said do you dare to buy when market hitting low everyday?”

My answer is certainly YES. I bought in batches along the down trend until running out of capital. Then whenever there was new fund from extra saving from monthly salary, I bought again. It was my real experience, not bull shit here. People described that as 倾家荡产. The mistake I learnt from this past experience was that I should wait longer to collect at lower point.

I believe in reincarnation. The small girl must have bought together her past life memory on charity and kindness. Just like Mozart showed prodigious ability from his earliest childhood.

When 2 fingers pointing others, 3 are pointing ourselves. Please behave as a civilized human being. We are not living in barbarian era.

Very well said. I would like to echo.