Many people here seem so concerned about Trump being very strict about immigration. Why?? Is it a good thing for any country to be soft with those who enter ILLEGALLY? Like there's no law. All in the name of `human rights'.

Imagine if we just allow anyone in, including the Rohingya, Myanmar, Bangladesh, Indonesia, Africa, China, to just enter illegally and stay. Is that okay?

It's the same with Trump and those who support him. Even if the US is "a country of immigrants", they too are extremely concerned and dissatisfied seeing people just flooding in. I'm very sure they wouldn't mind those who enter by undergoing the right procedures. Including from Malaysia.

One of my weaknesses with the sharemarket - impatience. It had resulted in me leaving money on the table time and again due to selling way too soon. Over the years, after doing adequate research, I had made selections that later turned out to be satisfying winners. At least 100% over capital in around a year or so. Sometimes, less. IF I HAD WAITED LONG ENOUGH.

One reason for the impatience is... following the counters "too closely". Sometimes checking twice a day, resulting in often "looking for something to do". So now after buying, I'd leave and just let the market and counters do their thing. The reason I've come to check today is because, in CEB's case, the volume caught my eye :-)

@Lonewolfie - Sorry, have only just seen your question. I really did it, i.e. "sit at the sidelines" :-) If I follow everyday, will likely overthink and become impatient. My buy price is at 0.325. Was waiting at below 0.30 to add more but it didn't happen.

I'm in also, albeit with just a modest buy. I didn't study the financial reports much - just looked at the basic figures like revenue, PER and such. With this particular investment/speculation, no need to think too much. Especially with the price having gotten down to this low level. Worst-case situation, if the price were to go below 0.30... well,at least we didn't buy at much higher prices.

One thing I like about this company concerns the boss - she had started from the bottom and clawed her way up. This isn't someone born with a silver spoon or a crony/proxy to big shots who get appointed to a top position. *She* had built this company and I'm confident she has its best interests at heart. It's unfortunate that she was overleveraged and then had her collateral (CEB shares) forced-sold.
I'm just going to sit at the sidelines and see how it goes in the coming weeks and months.

Since this company is trying to consolidate and rebuild, I'd like to suggest changing its display name to something more attractive. Ask people what "CHHB" is and most likely you'd draw a blank. Likely with most at i3investor too... and these are people who follow Bursa Malaysia.

Due to length limitation, can't have it in full. But why not:
COUNTRY or, COUNTRYH or, CHEIGHTS or "something else".
Instead of CHHB which is so anonymous.

Itchy hands buying at 0.36 recently have come to bite back :) Oh well. Just have to grin and bear it.

Couldn't stand the itchy hands anymore - bought at 0.36. Not going to analyse too much with this one. It's a plain speculation, and "hope" that the heavy selling is over.

"What if it isn't and the price goes down some more?" Well, it wouldn't be the first or 10th. time for me :)

The power of emotion and sentiment - dangerous to have these when it comes to risking one's capital. But I do have these, unfortunately, no thanks to Mudajaya being one of my favourite counters a decade ago. Still following its price movements despite everything screaming to stay away. And today it closed at the lowest ever 0.11...
Even if one gives it benefit of the doubt and `sangka baik' - that things are better controlled whereby it's being run like a tight ship right now - we still have to take into account the economic and business challenges Mudajaya is facing. If its main business is in China, that's not a good place to be right now regarding anything construction-related. Including the cement manufacturing business. Just last week, China's steel industry has warned about the current tough environment, which will only get worse regarding the weak demand. It's likely the same with cement.

Can't dismiss the possibility that the share price might suddenly go up. Especially if those with vested interests want this to be so, to suit whatever objective they might have. So it's possible to make some quick money. But it's also likely it will continue suffering that "Death by a thousand cuts" - of the share price falling bit by bit. One needs "a bit" of good news to even consider speculating a bit of money in Mudajaya. And this has been lacking thus far.

One thing I appreciate about @paktua73 is that he's very open. Shows everyone his hands; what prices he came in at. Takes criticism and even outright abuse calmly. A pleasant contributor to read at i3investor.

Maybe there's a chance for a pure speculative play here. As always, when and at what price? If it goes to 0.085, I'm going to take a risk. As @paktua73 had said, with this kind of counter, we can/should just ignore the fundamentals. Usually when they are given up for dead and almost everyone lose interest, they suddenly shoot up. It might come in a few weeks' time, or it might be months. Which means the hardcore speculator must have holding power and not get shaken out.

Used to be one of my most favourite companies to speculate on. Quite a long time ago, maybe 10 years(?) Had thought about buying some for old times sake. But after reading @trader808's comments here... No need old times lah. Better to speculate on something else.

@paktua73 - Waiting until above 0.35? May or may not, but more power to you and good luck! For myself, I'm taking the quick profit. Because I "shouldn't" have bought in the first place this kind of ultra-speculative trade. It went against my (usually) cautious ways. However, I got attracted due to the heated arguments here :)

Anyway, good luck to everyone.

TSH seems to be moving. "Slowly" but that's fine with those with patience. This is one of the counters that I've been adding over the past couple of months. If it goes below 1.00 again, that means add a bit more. And then continue with the basic plan - go do something else and just "Wait".

I usually don't engage in extremely speculative and risky trades. But going to make an exception, and despite not knowing what's going on. At 0.115... well, a small buy is justified. Worst case - lose a few hundred ringgit.

TSH was all for the taking at below 0.95 just a couple of weeks ago. But as usual many just watched, with the familiar "Will go do further..." That might be true. However, there would come the times when we must act. When the price of a counter we had previously researched and selected goes down, we must buy. Not with all the allocated capital but at least a part of it. And then just wait.

If it goes down some more, then buy again to average the price. If it goes up, also buy some more. The earlier buy helps to lower the average price. Taking action plus having the patience to just wait will often bring in the rewards. Especially with oil palm counters.

When it comes to Palm Oil counters, one must have patience and adequate liquidity. Because it often means waiting, and likely also having to see our counter going down first. Occasionally we might get lucky - these counters suddenly going up soon after we bought. But generally it comes with the "wait" characteristic.

Price-wise these counters have gone down over the past couple of years. I've been adding though, including TSH. These counters tend to give fairly regular dividends and that's a consolation while we wait for the next bull run in palm oil counters. If you have been in the stock market long enough, you will know it's just a matter of time. Which is why I'm not bothered at all by detractors and cynics. Buy, Add when prices come down, and then just wait.

Maybe many are in the minus. But I salute them for taking the risk in participating.

An informative post with the facts and sound arguments. Thank you for your effort. I have some Petron shares since I believe it offers the best value, when compared to Petronas Dagangan. After reading this post, I'll be adding more should the price come down for whatever reason (happens often enough when it loses 20 sen or so in a day). May not look like it now but I feel Petron has a much better chance of returning 100% or close to capital returns than PetDagang.

I wasn't interested in plantation counters then, around 2 years ago. Not exciting at all. But I've followed the market long enough, and had seen their price cycles. Especially when institutions and foreign investors come in. Would regret very much, and envious, not having plantation companies in my portfolio when that happened.

Have to acknowledge that your various posts on palm oil had led me to gradually make them a major component in my investing portfolio. Despite these being "so un-sexy" compared to many other counters at Bursa, I had bought TH Plantations when it was below 0.50. Despite being hesitant because Maybank IB had a Sell call on it, even at that price! (It has quietly changed to a higher TP). And also TSH.

My target was just a reasonable "50% of capital invested" within a couple of years or so. Well, got that and more. And gotten another bite of the cherry when prices started to go down. I guess there's also `good' when/if IBs are pushing the price downwards :) Despite reports of labour shortage etc., CPO prices are simply too attractive. Buying plantation counters is the easiest way for us urban folks to also `tumpang' the benefits.

Thank you for this post, which helps to make things much clearer. I had been puzzled as to why these plantation counters are going down.

Sure, CPO prices have come down from the highest ever. But they are still very high historically. Which means these companies are still raking in a lot of money.

It didn't occur to me about these call warrants! Especially in how much the IBs will lose should the warrants end in the money.

There's an opportunity to add plantations to one's portfolio if their prices drop some more. If institutions and foreign investors do the same, the IBs will meet their match.

Not to gloat (Well, maybe just a bit) but the opportunity was fairly clear earlier. This is a "Too important to fail" company that will likely be helped by the "hidden hands in the corridors of power" who will persuade and pressure decision-makers. These hidden hands are a group of people that are found everywhere, in all countries, not just in Malaysia. The backroom power dealers. Not to say "like Illuminati", but have to acknowledge their power. Leaders and politicians are the most visible to us. But they don't get far, or stay long, without the backing of hidden hands, whoever these may comprise of in Malaysia.

One lesson - regardless of whether we like the system, the government, company etc., always look after *our* own interests first and foremost. If there looks to be an opportunity for us to "tumpang sekaki" and make some money, then take it. And not spend time and energy arguing about politics, fairness etc. which won't bring in money for us.

Thank you for the links. I wasn't aware of all these.

Encouraging day for this counter. Is it just normal portfolio-balancing by institutional buyers like EPF and KWAP, or something going on? Like that much-speculated (since several years ago) "taking it private again"? Hopefully it's investors, big and small, having interest in unexciting utilities companies again.

I've been trying to add SE at 0.035 but haven't gotten filled yet. Maybe should have just given in at 0.04 and not be so `kedekut'. But half a sen at this price level is big percentage-wise so I'll just be patient and hope.

Sapura Energy may be in a very tight spot right now. But I'm betting it's one of those "Too important to go bust" company in Malaysia. It IS NOT "like Serba Dinamik". Which means, those in the corridors of power will help. Either because they want to, or are pressured to. These are the decision-makers who aren't household names, unlike politicians. But they can make things happen.

Worst-case, might lose some money if SE drops from this already low level. But if there are positive developments (quite likely), investors/traders are going to jump in. Going `only' to 0.08 is already 100% gain. This is a risk worth taking.

Higher volume than usual, and the counter feels stronger. The MQ Trading Signals are all green. Worth keeping an eye on.

Have to respect UlarSawa for his loyalty to this company. Plus taking all the snide comments here :)

Calvin Tan - The Palm Oil Hero at i3investor :) Those who had cared to read Calvin's arguments over the past one year-plus would be sitting comfortably now. Despite the recent drop in most plantation counters. In retrospect it was so obvious. These counters had been grossly undervalued since investors had chosen to ignore. Only came in when the crowd had already pushed the prices up. But there could be a second chance for a bite for those who had missed earlier.

@newguy0801 Psychologically, if investors had considered this as "burn" already, it's like receiving "free money" with the suspension lifted and can liquidate :) I didn't hold much hope for it based on previous developments. In fact it was almost delisted, which wouldn't have been surprising at all.

@sarah213 Through alerts, like with Google Alert if one had set any news of CAP or whatever you choose to be received by email. Some investment banks had also mentioned this in their newsletter.

Well, well... The l-o-n-g suspension has finally been lifted. Had bought this some years ago at the `cheap' price of 0.05. Of course with these things cheap can become cheaper. Worse still, become suspended. Fortunately it didn't go to the level of being delisted.

I had written this off as a total loss and moved on. Only a couple of thousand ringgit involved. Now that it's relisted I'm just going to let those units remain and see what will happen. Maybe buy a bit more at the current price just for the heck of it :)

Opportunity to buy Pestech next week. Speculators/Traders are confused, thinking that it's a "tech counter" and joined in the selling. In reality it's more of a power company plus railway-related business.

Some good calls here with big winners. Unfortunately dragged down by D&O and Inari.

@paktua73 paktua done reload
for 1st time in phase 1
manage reload from 0.56-0.57
...
Have to respect paktua73. Bold with his calculated risk.

Most of the analysts usually quoted by The Edge, The Star Business etc. had gotten it wrong with CPO prices. I remember one guy who said in late 2020 it will undergo a sharp correction back to the lower RM3,000 from June 2021. Instead it continued going up, regaining momentum whenever it did correct. The current price and duration weren't in these analysts' calculations.

These plantation counters aren't exciting like tech. Which is fine for those of us who prefer their prices to just creep up quietly. And I believe the general market will sooner or later realise they are a must-have in investors' portfolios. Right now, any time the prices drop, that's an opportunity to add. And just wait.

I didn't know about that great famine in China until around 2008 or so when I read a book about it. Some really shocking incidents during this period that would seem like `fiction' or `propaganda' by enemies. But these were verified by people there.

Although not widespread, there were incidents of fresh graves being dug up at night, with the bodies consumed. Those who did so knew it was wrong, and they were extremely ashamed. But that's what starvation can lead people to do. Traumatic just reading about this and knowing it happened :-(

It's fortunate that we have never faced this kind of situation before. So much so that we take food for granted. As seen by the wastage of leftovers at home and restaurants that are simply thrown away. And how often have we ourselves pushed away food after taking just a bit because "Tak sedap".

It isn't urgent right now but would do well for us to think about food security and do something about this. Particularly at home, of which all of us can do something about. At our own pace, while the going is good.

Bankruptcy - I don't think so. Not with PNB being a major shareholder. More likely, it will undergo restructuring. Various parties, including its creditors, will be keen to try save it (and their investment). At the end of this, I believe Shahril will lose control. This will be a new entity, even if it still uses the same name.

Mokhzani Mahathir is probably the one of the biggest winners with the most `ong' or `tuah'. The older participants at i3investor would remember when his Kencana Petroleum merged with Sapura to create SKPetro.

If I remember correctly, the reference price was around 2.20 or so. It (the share price) didn't do too well initially. But then it started to pick up, especially with crude oil prices at the highest ever (more than US$100/barrel). It was often in the news, positively, with announcements of various new contracts. SKPetro became one of the favourite counters among investors and speculators, including foreigners, during that time.

Doesn't matter what one thinks of him but can't deny that Mokhzani is a savvy investor. He started to sell his shares when these were at very high levels. So much so that Shahril and the remaining significant shareholders no longer see why the company should still have "Kencana" in its name.

Don't know whether Mokhzani still has shares in Sapura Energy, directly or indirectly. But whatever, he got out when the going was VERY good. Took his (massive) profits and used it for something else. Can't begrudge him for his good fortune, particularly in his great timing.

If can get at 0.045, I'm in. So much debt, issues and all. But at this price, can treat like a structured warrant and just risk it with a small buy. Without having to think about expiry date as with a SW. Sure, there's always the possibility of it going even lower. But I'm going to just let the future decide.

Today is an even better day to buy/add plantation counters. As long as CPO prices remain at around this elevated level, an investors simply must have a counter or two in his portfolio.

If these investment banks are really convinced of their analysts' predictions, why not issue Put options that reflect this.

As it is, the Put options available are too one-sided. The glove counters must suffer heavy drops from an already low level before the punter is in the money.

@tamp0i A lot of truth in what you have written here. Look back at previous reports by these IB analysts and one will see how wrong many of them have been. Especially in their sky-high target prices of glove counters. Off-hand I remember Supermax TP at RM14.

Many people had comforted themselves with these reports and kept buying. It's a sad fact that many look up so high to IB analysts, seeing them as experts and so they swallow everything. Unfortunately they are often wrong, and big time too as with glove counters.

With these companies having seen sharp price correction, it's more likely they are at or very near to the bottom already. But let's see how right or wrong this particular analyst is in the coming weeks.

I had bought plantation counters, including THPLANT, after reading a few of Calvin Tan's posts a few months ago. These companies had `looked so obvious' in terms of profits due to the rise and rise in CPO prices. But they were unloved, with many investors at Bursa ignoring them.

However, with tech counters being so pricey, plantations are finally seeing some attention. I'm confident we'll be seeing very satisfying gains in their share prices over the coming weeks. For serious investors, one must have at least a couple of plantation counters in his portfolio.

I'm old enough to remember SOP's public issue/IPO in early 1990s. I can't remember the exact price but it was around RM2.20. Most investors back then didn't care too much about it.

The top plantation counters to buy back then were KLK (which I had bought at RM3.30 one time), IOI, Golden Hope. But it's heartening to note that SOP is still doing fine. IB analysts like from Maybank also rate it highly. At this current level, I'd say SOP is a reasonably safe counter to buy.

3.24... It might go down some more but I'm adding some lots anyway. Regardless of "more competition", "reduced ASP", "possible windfall tax" etc. as stated by some analysts. The projected satisfying dividends are a big reason. As with the fact that gloves are a good business to be in during times like now. Profits might not be as huge as the last two quarters especially, but at least are expected to be "satisfactory".

Another monster quarter results from Kossan.
The company may have also warned about "falling glove prices" in the coming quarters. But bear in mind these will at least still be "satisfactory".

In times like now, if a company continues to make profits AND give out generous dividends, an investor must have it in his portfolio. Right now institutional buyers are likely looking at Kossan's dividends and they may buy. After all they need to put the funds somewhere and Kossan is certainly at a very attractive price.

Thanks for this post. Biological Assets are something I had not given much thought to previously. Must now look out for this when reading companies' reports.

@calvintaneng I sure hope you are right about plantations :) Had bought TH Plantations two weeks ago after reading your post. Will also buy TSH very soon. Hoping to get at least 50% capital gains from these in the coming months, if investors start giving more attention to plantations.

I'm also into gloves, after the price correction over the past 2 days. Yes, stiff competition and all but I believe there's still some money to be made with gloves - the product and share price. Sentiment can change fast. Especially when institutions look to add dividend-paying counters. At least that's my hope :)

I had sold way too early last week, at 0.57. Sigh. Left so much money on the table. Looking for it to go down enough so that I can to buy again. Not at this price though. A lot of life in this warrant until expiry and the ex. price isn't far from the mother's.

The risk is the mother slowly spiralling down. But this shouldn't happen if the quarter results show at least "good-enough" profits. Don't have to be excellent like the previous one.

This is one of the most important posts, and I thank Mr. Koon for his courage in sharing it. At the very least, it might help bring more attention to mental issues faced by so many people. Mostly in silent by them and their families, due to the stigma attached. With insensitive outsiders, it is somehow seen and used as material for jokes!

Hopefully, with better and more accurate information over time, our society will show more understanding and compassion towards people with mental issues. Without compassion, we can never ever be a developed country, for there's more to this than just the financial aspects.

The stock market shows its vicious side towards Comfort today. But at this price, I'm buying. Sure, it might go down further tomorrow and in the coming days.

There's the talk about recovery, competition, reduced ASP etc., especially from investment bank analysts, that make many investors scared. Yes, read their reports and think about their assessments. But we should also do our own research and evaluation and not follow these analysts too much. After all they have been proven wrong time and again.

Regardless of those analysts' reports, in my opinion an investor must have a glove counter or two in his portfolio. In these times of Covid-19, glove companies are in a comfortable financial position. Even with increased competition and reduced ASPs. With Comfort, I feel it's reasonable to target at least a 50% capital gain in the coming months. Doesn't look like it right now but sentiment can quickly change. I'm making this counter a key counter in my investment portfolio based on this speculation.