写得非常好。

good writing Ricky.

good writings ,i still think homeriz is the best furniture company in malaysia if compare to its peers .can not wait to see your next analysis .thanks so much stockify.

quite complicated for this stock due to ICULS and warrant , no one can give out a accurate PE ratio ? Zefftan ,how do you think about this ? thanks for your sharing by the way .

very good analysis report .thanks so much stockify. keep up your good work.

good saying , 100 % agreed wity you Moneysifu.

i dont think Karex and spritzer got the moat. but nestle and dlady are...

Who say today wiĺ release 3rd qtr result ? next month but not this month.

good sharing Ricky Yeo ..thanks for the article ...

Yes ,fully agree with you sakurakid4 . real investor never ask people to buy the share they bought .only speculator will ask people to follow them .we really need to be very careful while making our investing decision .

Good analysis Dudu , but i thing have to consider is RGB is rely too much on Philiphine market . will philiphine new president going to control Philiphine casino business after settle his drug war ?

Hi KC , thanks for your good sharing here...we really learn a lot from you .

Hi jt,
Thanks for your good article,so do you think that magni will do the same with gtronic? Yes,there are lack infor for magni but i think it is worth to invest it since everthing look good right now. Unless the price is overvalue.

Yes,nowaday there should be no any begger in the society anymore.

newbird33 What language is used for this show?
no language ,the show is speechless..haha.

good article ,thanks so much . we need this kind of sharing so much.

Hi harryt30 ,MAGNI在FY2015的外汇盈利是0.989 mil, 而在FY2016是6.941 mil，足足比去年多了5 mil左右。but in their quater report ...
Net unrealised (gain)/loss on foreign exchange (2,984)(107) 827 712
Net realised (gain)/loss on foreign exchange 7,077 (2,745) (7,768) (5,891)
so fy2015 should be (5891) -712 = 5179 . is it ??

Good sharing , thanks you so much .

2015年都盈利不错的成长，除了OKA的盈利下跌了13.09%左右,please check carefully.oka profit increase from 13.3mil to 14.9mil from 2014 to 2015.

good analysis ,thanks so much..

good analysis ! thanks you so much Harryt30 .

Posted by buddyinvest > Apr 23, 2016 08:17 AM | Report Abuse
Alex is a big boss.

haha...no wonder Alex can visit their plant personally....

good article ,thanks so much Alex Tan . can anybody tell me how could we visit the listed company and their factory ? i once heard the listed company will only entertain big bosses or financial institution people like fund manager.is this true?

good analysis ,thanks brother BOON..

Hi ,JT Yeo ,we will be grade if you could give more deeper analysis on this counter since your analysis always useful and logical .thanks so much if you could give out your 2 cents on this...

good writing ! newbee must read !!!

good explanation...thanks so much .

Hi Shinado ,
can you show me how to calculate the cash conversion cycle ? thanks .

yeah i get you now . thanks for the answer..

Hi shinado ,how do you count the ROIC for year 2015? base on the latest report, the invested capital is 74916000 and net profit is 54731000 ,so 57731/74916 *100 should be 73 % only but not as you said 96.4 % .is't it ?

Good writing n good analysis.thank so much n you should conduct a class.

Hi JY ,this is the most detail and logic analysis i ever read ! i believe this must took you a lot of time to carry it out .thanks you so much.
this company seem like undervalue and ignore by most investor , the only reason i think is maybe due to their balance sheet .do you see that they have unusual high receivable and payable ? their total liability is much more higher than their total equity.

and i am not so clear about this , can someone tell me this will make ECS earn more or the opposite ?thanks .
(The Group is exposed to foreign currency risk on purchases that are denominated in a currency other than the respective functional currencies of Group entities. Approximately 33.8% (2013: 36.5%) of the Group’s purchases are priced in US Dollar (“USD”). The Group hedges a portion of these exposures by purchasing forward currency contracts. Most of the forward exchange contracts have maturities of less
than one year after the end of the reporting period. Where necessary, the forward exchange contracts are rolled over at maturity).

This is what i get from the 2014 annual report
Currency risk sensitivity analysis
A 10% (2013: 10%) strengthening of Ringgit Malaysia (“RM”) against the following currency at the end
of the reporting period would have increased (decreased) post-tax profit or loss by the amounts shown below. This analysis is based on foreign currency exchange rate variances that the Group considered to be reasonably possible at the end of the reporting period. The analysis assumes that all other variables, in particular interest rates, remained constant and ignores any impact of forecasted sales and
purchases.
Group
Profit or loss Profit or loss
2014 2013
RM’000 RM’000
USD 2,493 3,230
A 10% (2013: 10%) weakening of Ringgit Malaysia (“RM”) against the above currency at the end of the reporting period would have had equal but opposite effect on the above currency to the amount shown above, on the basis that all other variables remained constant.

haha....danger ..danger ...danger Robinson.....

Hi Richeho,
here is my email ( cchew@celestica.com).

how much you charge for a single analysis report ?

Hi Riche Ho ,you said the movement of MYR/RMB will not affect HHGROUP significantly
,but here is what i see in their quarter report .correct me if i am mistaken on this .anyway ,thanks a lot for your good analysis.
( For the current quarter ended 30 September 2015, the Group reported PBT of RM2.98 million,representing an increase of approximately RM0.70 million or 30.70% as compared to the PBTof RM2.28 million recorded in the preceding year corresponding quarter. This was primarily
due to foreign exchange gain originating in the ordinary course of business arising from sales denominated in US Dollar and Renminbi, as a result of the weakening of Ringgit Malaysia.)

Hi livingston,
thanks for the reply ,so as you mention above ,(They are expecting the mother price should goes down so that the CW holders will not be able to exercise their CW and expire worthless) .so that the outstanding share will not change and so the EPS will not be diluted too . am i right ?

hi humblepie188,
thanks for the good sharing.
seem like very complicated to understand how to calculate the warrant intrinsic value huh . so if we invest the mother ,do we need to re-calculate the ratio ,for example PE ratio,if the counter we invest has issue call warrant ?

Hi KC , if someone is not so good in calculation and use the formula you teach above ,do you think that we can use the ratio of return of equity (ROE)and combine with PE ratio to make it simple ?

Hi KC ,
keep going and dont stop writing in I3investor , we really learn a lot from your article . keep it up ...

Hi KC ,
thanks for the reply.
let me give an example here .
let say company A have total invested capital of rm1000 ,and the EBIT is rm200 ,so the ROIC is 20% . ( EBIT/total invested capital) and company A is zero debt . but company B have the same ROIC as company A but company B have rm500 debt in the balance sheet.so are they still have the same "goodness" ?

Hi KC ,
as you said "Quantitatively, the requirement of stable and consistent earnings and cash flow from operations and free cash flow, a healthy balance sheet stay. And the difference is, instead of using return on equity (ROE) as a measure of a good company, I prefer the return on invested capital (ROIC). For cheapness, I use EBIT multiple, instead of the price-to-earnings ratio. "

But how about if a company with high debt ? does the ROIC alone still apply to such high debt company ? or you still need to add in (EBIT multiple = Enterprise Value / EBIT) to make it work better ?

hi KC , thanks a lot for your hard work ,i have learn one more lesson here.

ok,so let us know when the number is enough. thanks.

Hi JT yeo , good explanation for the cut loss theory . i suggest to buy more if a good fundamental stock is falling down like there is no tomorrow. but the concern is you have to prepare some extra cash for this situation . i believe most of us will use all the cash especially during the bull market .

Hi KC ,when will your next training class start ?

ok, now i get it , thanks so much Richeho .

Hi Richeho , yes ,high dividend always be the safe net for us ,especially in the unstable market just like now .
and may i know what is the difference between private placement and right issue ? are they the same ? many thnks .