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2021-03-06 19:42 | Report Abuse
With KYY's Supermax episode - I don't think he's telling the whole truth. "Sold all 3 weeks ago"... but still talking up the counter after that. This isn't consistent with what the average person would do. Even if he has become erratic due to the onset of old age.
I think he had indeed sold some before this, especially if he had bought on margin. With the counter in an obvious downtrend, that's a prudent thing to do. To ensure one isn't overly burdened by the margin buy, and to have the resources to average the cost later on.
But whatever the whole truth is, Koon's reputation among the investors/speculators/traders here has taken another beating. After the AT episode late last year.
Previously many had hero-worshipped him as _the_ top Bursa Guru. The stature and deference shown by these acolytes over the years would surely have pleased him a lot. As it would have been for any one of us too.
Unfortunately the previous positive sentiment had gone the other way. In fact nowadays comments about Koon tend to be nasty...and his supporters no longer come to his defence. And he has himself to blame, no thanks to the posts and actions where he doesn't come out as honest and forthright. Instead, as someone with secret agendas and using his previous stature and influence for his benefit, first and foremost. And not as the 'wise and kindly uncle' he had taken years to cultivate.
Let this be a lesson for everyone, especially those fairly new to the stockmarket. Read and consider what people write here, especially those we feel "know stuff". But in the final analysis, each and every one of us make our own decisions. Nothing is forced onto us - if we were influenced by someone, it's because we had allowed ourselves to be so.
Learn from our mistakes and successes, and never blame others when it is we who had clicked on the Buy and Sell buttons. Only by being honest and continuous learning will we improve. Including in becoming better and more consistent investors.
2021-03-06 19:13 | Report Abuse
@probability - Interesting comments and angle, especially the mental factor of KYY's age. Now that you had mentioned this, it got me thinking of my own experiences with those of the elderly age group. My father is among this. And don't forget the most famous of all - Tun Mahathir.
Not all are the same of course. But they do share a few characteristics. The most common is, they tend to be erratic. Not to mention forgetful, and very easy to take offence and sulk.
2021-03-05 22:48 | Report Abuse
Thank you for the effort in coming up with this post. Ben Tan - this name has credibility due to the quality of posts, plus in the way he carries himself when discussing and debating. Cool-headed, mature and pleasant.
2021-02-25 18:50 | Report Abuse
This is an encouraging day for Kossan considering how glove counters have gone into a spiral during this week especially. Have to admit that yesterday was a harrowing day, and I was having doubts about whether the support would hold today. Thankfully it did, plus ending the day on a positive note.
I had gone in too early (as usual) with this counter, and have been averaging the price since then. Normally I would have cut loss instead of buying at different lower price points. But I had decided that Kossan is one of the companies that will continue to do well for at least 2021, and that the downtrend will see an end sooner rather than later. When I'm reasonably sure of this, will be adding more.
2021-02-24 17:29 | Report Abuse
At this price, I'm going to buy my first batch of TopGlove tomorrow. Might still go down some more but I'm going to risk it anyway. Vaccine or whatever.
This company had a few magnificent quarters, AND projected to achieve a few more in the foreseeable future. If not magnificent, at the very least "good". Logically institutions and retail traders would want to put their capital in a company like this. But "logic" doesn't seem to be the measure used by the big money right now, for whatever reason.
2021-02-05 08:51 | Report Abuse
If one is overextended with his buys, using too much debt, then yes, the selling at lower prices (loss) is definitely normal.Forced selling by banks or creditors threatening to take legal action if they aren't paid NOW.
2021-02-02 19:46 | Report Abuse
"Those with the knowledge would have bought glove counters and held on to it when Covid was announced in China. Many did not." <--- I'm one of those who failed to get onboard at the ground floor.
Gloves were such `an obvious play' that I missed it! It had felt `too obvious' and resulted in over-analysing.
2021-01-14 22:10 | Report Abuse
This portfolio is going along nicely after a week.
Let's see how it goes after a month.
2021-01-12 12:40 | Report Abuse
More investors are starting to realise this: despite the MCO *and also* Emergency, glove makers will continue to do well. Kossan included too, of course.
The decline in price over the past few weeks is very disappointing and painful. But I believe that if we buy at different times and average the price, we will be rewarded. Must have a bit of patience and not expect capital returns so fast as with a trader's mentality.
2020-12-24 13:24 | Report Abuse
I like United Plantations too. Based on its past results it looks very well managed. Still managed to be profitable despite the xMCO interruptions from March. Regular dividends too.
The only problem is it has less liquidity i.e. low volume. Buyers and sellers aren't rushing for anything. But since it's a counter to be held on a longer term, this isn't too big of an issue. It's definitely on my list too.
2020-12-23 18:51 | Report Abuse
Investing (not "trading") for the medium term covering 2021 should also have a plantation counter or two in one's portfolio. Just like having a glove maker too. TAANN is my first plantation buy due to it paying regular-enough dividends. Will decide whether to add more, or have another plantation counter as backup, after the long weekend.
2020-12-16 12:09 | Report Abuse
Calvin tends to write articles that are interesting to read. This is another one. It actually makes me interested to investigate WTK :)
Calvin may or may not be right. But that's secondary. Have to appreciate the fact that he puts in the effort, and not write something based on pure speculation.
2020-12-16 10:44 | Report Abuse
Phew, what a relief!
It's been several harrowing trading days from last week. With Kossan, I had gotten in too early as usual. Had to suffer the pain of seeing it suffer drops every day. Especially when that JPMorgan report came out.
But I decided to just stick to the plan and average by buying at the lower prices. Despite the thump in the chest when clicking the "Buy" button. Because, share price notwithstanding, gloves are a great business to be in right now. An investor simply must have a glove counter or two in his portfolio. The only questions are "When" and "At what price". Have to do some guessing work here.
I'm still at -8% of the capital invested though. Will decide when to buy some more. Probably when the price goes down a bit.
2020-12-11 12:40 | Report Abuse
Getting whacked by my purchase of Kossan. As usual, I had bought too early and it's no fun seeing one's counter going lower and lower.
Fortunately I had stuck to my strategy of buying in stages and not "all in". Since the business fundamentals remain the same with glove companies I certainly won't be cutting loss. Instead will be buying another batch later at below 5.50 and thereby averaging the price. And then just wait.
2020-12-08 17:56 | Report Abuse
@hng33 use all margin, bought all kossan at 6.00
08/12/2020 2:55 PM
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This is very encouraging. Trader hng33 has been around at i3investor from since several years ago. Always open with his buys and sells - sticking his neck out by stating in public his entry and exit points. Unlike wannabes who'd gloat of `making big profits' only after the fact. And keeping quiet about their losses. Anyway hng33 is more often right than wrong with his short-term trades. I'm hoping he's right with this one.
But even if he's wrong, I'm sticking with Kossan for at least a while. Adding more should there be significant drops. Because this is a great business to be in during times like this.
2020-12-08 17:47 | Report Abuse
I'm also considering one probability based on a report I had read somewhere (sorry, can't remember where exactly) - of something sweet for shareholders. Specifically for the controlling shareholders, but which we the ikan bilis will benefit too since are also shareholders.
The #1 shareholder is Kossan Sdn Bhd. Then those other investment vehicles listed among the Top 10 comprising Tan Sri, his family, relatives and close friends. They might not want to sell their shares (and then buy what with the proceeds?) including with the bonus units. But they'd want "spending money" for whatever activities they may have in mind. One way to fulfil this, i.e. "Having your cake and eating it too" - a special dividend. This way everyone gets some money while still having his units.
This is just speculation of course. But with Kossan churning in exceptional income this year, a special dividend is definitely possible.
2020-12-08 17:39 | Report Abuse
When compared to Supermax and TopGlove, Kossan tends to be `slow, lethargic'. Its shares don't get chased like those two whenever there's a rebound. Investors will have to live with this characteristic. But who's to say it won't become like PETRONM in the coming weeks. This one too tends to be slow... and then suddenly becomes a rocket.
2020-12-08 12:11 | Report Abuse
@Donator LiimInvest , u forgot to eat medicine..go eat now...fast
08/12/2020 10:10 AM
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LOL! This is the Laugh of the Morning.
2020-12-08 11:50 | Report Abuse
@Mabel 07/12/2020 9:36 PM What do u think of glove demand? Reduce or increase?
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For next year at least, I believe the worst-case is that the demand plateaus. With these gloves companies, their orders are stacked until the end of 2021. That's a very comfortable position to be in. Which is why an investor must have at least one gloves counter in his portfolio. And the price correction yesterday had provided a good opportunity to buy or add.
Among the more immediate concerns now are the price of raw materials, labour and the nagging possibility of a windfall tax. But the first two aren't unique problems in business and something which these companies have been handling for years. As compared to most others, glove companies are in a very comfortable position.
This price correction will level off sooner rather than later. I believe institutional buyers would want to have a certain percentage of their investment portfolio in companies that not only can weather the Covid-19 environment but in fact are doing well. Gloves are clearly in this category. And December is the "window dressing period" when prices of dividend counters tend to go up.
2020-12-04 17:23 | Report Abuse
The current trend may not be favourable for glove makers but I'm buying some units of Kossan anyway. This is one of the industries that are making big profits, and expected to continue doing so in the next few quarters at least. Therefore it's only prudent to have a glove counter or two in one's investment portfolio.
The only issue here is to try get the best price - something that one will only know what this "best" is after the fact. That is, have to wait for things to happen in the coming weeks and months. And since we can't possibly know right now, the best strategy may be to average, i.e. to buy at different times and price points.
2020-11-19 19:02 | Report Abuse
Quality write-up here. Reasonable-minded and considers different angles.
I feel we often tend to focus too much on the business aspects. No doubt there will still be strong demand for gloves despite the vaccines being available. And Supermax will continue to benefit from this.
However, we must also give attention to things like investors selling to lock in profits. After the excellent run price-wise where records were created, there is bound to be consolidation. Despite gloves counters arguably being the best business to be in during times like this, upside potential has now become limited.Many investors don't just look for dividends and bonuses but also capital gains, and they want to free up some capital for other opportunities. Whatever these may be. And so they liquidate a chunk of their Supermax shares, bringing the price down.
2020-11-18 18:07 | Report Abuse
Was this (how many hundred million units?) Private Placement made known to ordinary investors/ speculators/ traders earlier, or is this only known a day or two ago?
Would be interesting to see what the price is - if it's higher than now, maybe people wouldn't be too sore. But what if it's way lower. It might look like they had been maliciously swayed into buying by influencers.
2020-11-16 12:40 | Report Abuse
No doubt that TopGlove and the other glove makers will report extremely good profits in this quarter and also the next few, at least. Vaccine or not the demand for gloves will continue to remain strong. At the same time, one must also take into account "capital gain/loss" and not just on the potential dividends, bonuses.
Each of us will have to balance things. A lot of the time there's no clearcut `right' or `wrong' when we buy some counter or another. But with TG, right now should also consider the fact that big investors could be taking profits and rotating into other sectors. The potential for better capital gains could lie "elsewhere".
2020-11-02 22:09 | Report Abuse
@DreamCommander Landslide win coming in US election
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I sure hope so. But I've become cautious and not be too hopeful. After the last time. The polls had Hillary Clinton `clearly in the lead' too. And what a shocker after that.
2020-10-16 14:02 | Report Abuse
I'm going to make a speculative buy, based on what some of the people here say. In case they turn out to be right. 0.135 --> 0.20 is decent enough.
2020-09-30 15:20 | Report Abuse
#1 - Yes! All the other investment banks' structured warrants are mostly stacked against the speculator/punter. Premium percentage is so high and would require big movements before we even get into the money. CIMB's SWs are often worth exploring and considering.
Thanks for your effort in coming up with this post. Really appreciate it.
2020-09-21 17:58 | Report Abuse
@kens88 "I think small cap glove counter may have lost its luster."
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Yeah, this is something to consider. No question about the exceptional profits of glove companies in the next few quarters. And for any investor, he should have a glove counter or two in his portfolio. This is a no-brainer.
But this "lost its luster" - investors might be getting more selective and no longer so hyped up as to chase at any price like previously. Can still make profits trading. But I think the price range will likely be tighter.
2020-09-11 11:49 | Report Abuse
@xuxu 11/09/2020 11:24 AM
True, true... Always a relief and satisfying when a counter in one's portfolio isn't bleeding but actually gone positive :-)
2020-09-10 09:52 | Report Abuse
Going to speculate on this, with first buy at 3.67. With my kind of luck, I'm likely too early in bottom-fishing. Which is why I've split the intended capital and put in only one-quarter for now. The next quarter - see how it goes tomorrow and next Monday.
Averaging and waiting have worked well enough for me with various counters in the past. Not with each and every counter, of course. There will be times and counters where it's better to take loss and utilise the capital elsewhere instead of waiting. Let's see how it goes with Comfort.
2020-07-30 19:10 | Report Abuse
This selection of stocks by RHB have done very well.
2020-04-21 12:27 | Report Abuse
Can buy as pure speculation, but using only a small percentage of one's capital. No need to `sakit kepala' scrutinising its business, balance sheet etc. Just treat like one of those structured warrants but with no expiry. Worst case, lose some money. But should it suddenly spike again for whatever reason, just sell and use the profits as money to `joli'.
2020-04-21 12:14 | Report Abuse
@skybursa > Apr 21, 2020 12:03 PM
"US loved to abused China. China rise is a threat to them."
...
There's truth to this. Among other things, it's also to do with the `dengki' factor. From a country looked down upon for decades as "communists, peasants, country bumkins" to becoming a major economic force in the world.
It's not just the US but also westerners. Especially the entitled right-wing types who resent they aren't automatically treated with respect and deference by the previously `inferior' Asians. It used to be like that - if you are White, you are treated like royalty. Well, not anymore, and they hate losing this white privilege. So, China becomes a target where anything negative is magnified.
2020-04-14 13:59 | Report Abuse
Don't know whether EPF is done with its selling. And yeah, these are troubled times for media companies. But at 0.27... I can't stand it anymore. Going to buy a few lots and keep, based on this very simple strategy - "Hope for the best" :)
2020-04-10 10:30 | Report Abuse
To comfort myself should the price go down - at least I had bought cheaper than the institution investors :) Hopefully they will buy some more to average their portfolios. Right now investors are fearful and holding on to cash. But eventually they will have to come out of their shells and invest their funds again.
By the way, have to respect the former CEO, Datuk Rohana Rozhan for having a personal stake which is quite significant. Don't know what the latest is, but based on the last annual report, she had 6 million shares. So unlike many CEO/MD and directors of various listed companies who only take. But don't dare to risk their own money on the companies they lead and manage.
2020-04-08 17:30 | Report Abuse
Negative developments that include (1) Sharp drop in share price from a month ago, although has rebounded from the lows; (2) CEO resigns.
Have to know more about #2. But even more important, on the projects the company is undertaking.
2020-04-08 15:26 | Report Abuse
I've started to add Astro to my portfolio. Although it's true that consumers now have more entertainment choices, Astro hasn't done too bad over the past few years. The current price level is very attractive. If foreign funds return to Bursa Malaysia, I believe this is one of the counters that would buy.
2020-04-08 11:02 | Report Abuse
I had read @wilsonliew's post, and also followed the links. This counter sounds interesting and worth putting a bit of money on. Especially to diversify my portfolio and include a technology counter a or two. Unfortunately the price has gone up today. Will try to get at 0.14.
2020-04-08 09:05 | Report Abuse
---> @Philip ( what you can learn from RJ MITTE ) > Apr 8, 2020 8:00 AM <---
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One of the best posts (in the form of comment) this week. Conservative approach which requires doing research on the investor's (NOT trader's) part. This one is especially important, and which I'd stick to with financial markets:
---> But never put everything into the stock immediately. Buy a substantial amount that you can afford to lose, then build your position every quarter after the results are out and only if the performance is still within your expectations. <---
There will be times when one feels very confident of some company. However, it's prudent to buy in batches, at different times. I've managed to avoid getting into big trouble by sticking to this method.
"But what if the counter goes up after we buy the first batch?" Hey, that's a GOOD thing! That first batch is in the plus. Make a second buy to average the price.
By the way, don't forget to sell when a counter has reached a certain price! Many people become too attached, so proud of their successful pick, and refuse to sell to lock in the profit. Only to later regret after the price spiralled down to a level where the profit is significantly reduced.
2020-04-06 10:32 | Report Abuse
@Sslee 05/04/2020 6:01 PM
---> Don’t be someone who turns people off
The big takeaway here is that if you want to be the person who is successful, who everyone wants to hire, you need to build habits of integrity.<---
+++
Not limited to just being hired (although that's something critical too) but in all other aspects of life too. Without being of "the right character", which definitely includes integrity, one will face various friction and negative events in his life. Relationships - personal and professional - are built, developed and sustained over this.
And the great thing is, it's something all of us can always improve upon. This is through all the seemingly `small and routine' situations and events each day. Including at this website. But this requires some courage for we need to honestly look at ourselves first, and acknowledge our unattractive characteristics. Only then can we start doing something about these.
2020-04-03 12:53 | Report Abuse
@moneySIFU > Apr 3, 2020 12:44 AM
Can't beat them, also can't join them, so I avoid them by leaving away.<---
++++
That's what I tend to do too although it's not easy to just ignore instead of dishing out some nastiness also :-) But I'd try to keep to my own goals i.e. in trying to learn things and benefit from these. Which means to just read and think about the opinions given by those who consistently display their experience and intelligence. And to brush off the jerks with their useless comments and provocations instead of wasting time and energy.
2020-04-02 23:29 | Report Abuse
This is one of the most interesting posts here which deserves at least more views. Regardless of whether one agrees with the content, the writer had put in a lot of effort here. Thumbs up for adding quality to this website.
2020-04-01 18:38 | Report Abuse
@Mabel > Apr 1, 2020 6:04 PM
"Usually when you see Multiple Postings with the same messages it means the device you are using has bad receptions and not worthy to keep." <---
This is correct. Something I've learnt the hard way.
I've upgraded my house's wifi with a new, more expensive Asus router. The previous one was also Asus but cheaper. And the original one was the generic router given by TM/Unifi. Reception and speed have become significantly better. The latency is still good even when the device shows only one bar. Previously that would have resulted in things not loading.
However, I've been getting erratic internet performance at my newly assembled desktop. When I tested all the other devices, including of the other family members, they weren't experiencing this.
I've discovered the culprit - the external wifi adapter plugged into a USB port. I had made the mistake of tying to save some money with this one. Had bought the cheapest TP-Link model thinking "these things are more or less the same". They aren't! Now I'll have to spend more money buying the best USB wifi adapter, with the present one to be discarded.
So, it any of your device is not performing well (while another is), then it's due to the component inside. In my case it will be a simple enough replacement. There are good reasons why something is more expensive or cheaper.
2020-03-25 12:48 | Report Abuse
@jiunn "While we may not be buying near the bottom, we will be buying now at deeply-depressed prices that would lower our potential downside risk & increase our potential upside return hold on to this stance too..."
This is my opinion and stance too. Yes, the price may go down some more. But when compared to what it was just some weeks ago, the current price is definitely 'a bargain'. Better than what those investment bank analysts had opined.
The oil & gas sector is in trouble right now and it's very risky to buy the related shares. But I'm going to risk it and speculate on things to improve in the coming months. Bought some Uzma units to get started. Will see how things go in the coming days and weeks, and add at different times.
If this speculation pans out, there might be a 100% return in the future. Hopefully within a year. "Too optimistic"? Perhaps. But we have seen this story before at Bursa. Again and again.
2020-03-25 00:32 | Report Abuse
@Mabel A lot of truth in this. Usually we won't realise a counter had turned around and moved in an upward direction until after it has already moved some distance. The price movements are jerky, not smooth, as seen from historical charts.
Remember the previous O&G crash from late 2014, and then the recovery. Crude oil recovered to as high as US$80+ before dropping to $60. The O&G counters had also crept up during this time. Not as high as 2014 but percentage-wise had provided good profits.
In the case of Armada, I see it like this: sure, it's possible the price might go down further. But at 0.125, this is definitely better than buying at 0.30. And it need to `only' go to 0.25 for 100% profit for us speculators.
2020-03-23 11:41 | Report Abuse
@ investory321 At least someone still has a sense of humour :)
2017-05-19 14:50 | Report Abuse
This is one of the calls by Calvin that I had punted on several months ago at 0.405. Because his analysis made sense. Had it gone down, I wouldn't blame him at all - he was only offering his opinion, and it was me who had made the decision. The returns aren't spectacular (as yet) but I'm not complaining. Any kind of profit is always better than a loss, even if it's "paper".
That's one of the lessons: if one is reasonably sure a counter has found a bottom (Duta Land had shown the support at 0.40 was very solid a few times), it's worth his while to allocate some of his capital to it. And then go away and wait, without getting influenced by others' opinions. Only sell and realise a loss should the support fail to hold.
This isn't as easy as it sounds - we all have the tendency "to do things... to act". Resulting in over-trading, and often suffering the regret of seeing the counter going up after we had sold. Waiting and doing nothing *is* an action, because it's based on our previous plan and decision.
2017-05-08 09:37 | Report Abuse
One thing don't want to do is gloat. Because it doesn't result in achieving the all-important goal: Making profits. Or/And minimising losses when a profit becomes unlikely.
My opinion about staying the course, i.e. in just sitting on one's hands and simply WAIT is vindicated. Which is why one must have the discipline and patience, and not get swayed by others' opinions. These are..."opinions".
But I'm also stressing playing safe, despite not being able to maximise profits by squeezing every last drop. It's prudent to lock in some gains when there's the chance. But keep a certain percentage. So, whichever way the price goes after this, one had "gotten something".
2021-03-11 11:10 | Report Abuse
"Such a re-rating, without any material news, can only mean that the analyst has been completely wrong in their work previously due to reasons solely related to their own capabilities."
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Many investors at i3investor had been wary of these IB analysts' target price for gloves counters since a few months ago. So they stayed away from these counters - or at least didn't add - despite some supporters continuously harping on those TPs, arguing how `cheap' they are. The cautious investors managed to protect their capital during the bad period when gloves were pushed down by short sellers and many investors panicking.
Anyway, I feel counters like TopGlove offer good value now. Never mind if the IB analysts have reduced their TPs, and even with new supply from China and elsewhere. The fact remains that as a business, glove companies will still be in a comfortable position in the coming months. Therefore it's prudent to have a glove counter or two in our portfolio. For the sake of balance.