Stkoay...im also looking at plenitude ane SHL..Both are good..but KSL still the best

stkoay,,,i'm still around, just busy doing some analysis on other stocks..yes, sure will do some analysis and post here..

wonder why always up second half of day..

stop by here..ehhehe...look like KSL holding firm before move up high high and higher...heheheh

look like a u turn again..hehehhe

Yes Tornado, well aware of that and I have done Cold Eye's 5 yardsticks analysis on Mmode, it passes successfully. Not sure if he is still holding

hahaha..i hope newbie will buy this type of stokcs instead of punting in other speculative stocks. Like i said,Ii believe in value investing, might take sometime to realise profit but the outcome is great..

Yeah..everyone have their own way or investing or trading, I'm not good at buy and sell in short period time. I'm more comfortable in long term investment. Everyone have their own strategy

Thanks Sephiroth, hope can go higher this week

aikk sephiroth..you are here again, i think we hold some same counter, so when you gonna cabut fitters

wahhh..u turn wohh

wahhh..look like Latitude tree make me three fold now..hehe

For myself, long term is 3-5 years loh, i think many will agree with me. Bluechip mostly covered by brokerage firm, and profit gain is not much, and there are many other reason lah. I bought this share 6 months ago at a bargain price 0.48, the price went down that time because of low earning caused by 1 of tax charged, it was oversold that time and found out it is indeed a good fundamental counter., 54% gained in 6 months is very good loh i think.

we see loh..i dont care it will drop after T3 or T33, as long as fundamental intact, you will realise profit in long term

Good stock will always bounce back

hahaha...save people being conned?? very good of you

then why you always come to this forum, try to buy kah?

wahh..cheap sale...buy buy buy

comething brewing kah?

Monday lohh..hehehe

Did i say i sell??

holding strong leh..try to grab 0.68 tak dapat..

wahhh..go go goo....hehhee

i noticed mah..hehehe

Lets see, if you look at the chart, people has been dumping since early august, perhaps they knew the result not going to be as good as previous year. Who knows aftert this price might go up again after the announcement..This company is good for long term prospect anyway

Joyce, i did a DCF analysis on Hexza, please scold above and have a look. It is still very much undervalue. Also 4 cents DPS every year...

wohoooo..see how people react

Yes tkg8, if you look at their financial statement for last 2 years, they has been doing really well. Also if you look at discounted cash flow analysis that I have done previously, Homeriz is still very much undervalue. It is definately an investment grade stock. Suitable for me as a value investor.

Stkoay, Upside..thanks for the good words, I'm just a normal investor which is still learning in fundamental investing, I hope I can learn more from you guys. I believe in value investing

No problem Jeff, i was using average 2 yrs free cash flow. If i use only last year fcf itself, the intrinsic value is even higher. I'm lucky to hold this counter quiet some time now. Anyway, lets hope we can make more from this counter

wahhh...got train story also..heheheh
Yes stkoay, I believe it is very healthy to have a correction.

Discount Cash Flow Analysis
Valuation on LATITUD 8/20/2014

Table 6.1: Assumptions
Current stock price $3.58
Share outstanding (Mil) 87,208
This year FCF (Avg last 2 years) $35,266
Next year's FCF (mil) $37,029
Growth for the next 5 and 10 years 5.0% 3%
Teminal growth rate, g 3.00%
Discount rate, R 10.0%

Table 6.2: DCFA
PV of FCFF of core operations $565,000
Non-operating cash $103,319
Investment in Properties $0
Investment in Associates $19,785
Debts ($98,533)
PV of FCFE $589,571
Less minority interest ($141,497) 24.00%
FCFE $448,074
Number of shares 87208
FCF per share $5.14
MOS 30%

Intrinsic Value of LATITUD is RM 5.14, potential gain of 44%

Using a Reverse engineering DCF calculation shows that at the current price, the market is expecting Latitud business to grow at a compaound annual rate of 0.8% for the rest of its economic life. That means its earnings will be increase each year by 0.8% forever. So do you expect Latitud business to grow at that rate considering our inflation is ~4%?

I'm sure we learn from same sifu..hehehe

That is serve as a guide, i dont buy or sell blindly. Hahha..agree with upside..how do you know they are not rich, how do you know I'm not rich when i keep low profile...

Adjusted Benjamin Graham's formula by Jae Jun to calculate intricsic value of a company

Using ttm EPS of KLS with the assumption of only 3% growth rate. The intrinsic Value on KSL found to be at RM 4.98. This will give you potential gain of 30% from current price.

V=EPS*(7+1.5*g)*4.4/Y
V= 0.48*(7+ 1.5*3)*4.4/4.88= RM4.98

smile smile all the way

DuPont Analysis on HOMERITZ
Does HOMERIZ’s business has economic moat? The return of equity of HOMERIZ is a good number of 18.57.%, higher than the minimum requirement of 15% for most ardent fundamental investors. A DuPont analysis of HOMERIZ is carried out to dissect its ROE.

ROE = NI/E = NI/S * S/TA * TA/E
Where NI is net income, E is equity, S is sales/revenue, TA is total assets
NI/S is the net profit, S/TA is the asset turnover, TA/E is financial leverage

Net Income Margin = Net Income/ Revenue
=15118/112905= 13.39%
Asset Turnover = Revenue/ Total Asset
=112905/103,799=1.09
Financial Leverage = Total Asset/ Total Equity
=103799/81403=1.28

ROE = NI/E = NI/S * S/TA * TA/E = 13.39% * 1.09 * 1.28 = 18.57%


The main driver of Homeriz’s high ROE is hence the high net profit of 13.99% most desirable way to achieve a higher ROE. The asset turnover of 1.09 (<1.5) and the financial leverage of 1.28 (<1.5) are relatively low. Hence there is plenty of room for Homeriz to improve its ROE such as improving its marketing and scouting for more business, or increases its leverage and hence its ROE

Homeriz’s ROE for the past 3 years average at 18% . Also note that this was achieved with very little debt. Homeriz is definitely a gems to look into.

buy buy buy..hehee..fair value RM 1.34

naik liao lohh

hahah..good call..dont fool people la

Gems waking up?

well, i believe no one would be able to purchase the knock down price.

Be patient my friend, if you are a value investor, i believe you will gain in the long run

Hahah..diamonds is gems lo..hardest & most valuable gems

DuPont Analysis on MMode
Does MMode’s business has economic moat? The return of equity of MMode is a good number of 19.83%, higher than the minimum requirement of 15% for most ardent fundamental investors. A DuPont analysis of MMode is carried out to dissect its ROE.

ROE = NI/E = NI/S * S/TA * TA/E
Where NI is net income, E is equity, S is sales/revenue, TA is total assets
NI/S is the net profit, S/TA is the asset turnover, TA/E is financial leverage

Net Income Margin = Net Income/ Revenue
=11,766.3/73572.3= 15.99%
Asset Turnover = Revenue/ Total Asset
=73572.3/69,351.2=1.06
Financial Leverage = Total Asset/ Total Equity
=69,351.2/59,212.7=1.17

ROE = NI/E = NI/S * S/TA * TA/E = 15.99% * 1.06 * 1.17 = 19.83%


The main driver of MMode’s high ROE is hence the high net profit of 15.99% most desirable way to achieve a higher ROE. The asset turnover of 1.06 (<1.5) and the financial leverage of 1.17 (<1.5) are relatively low. Hence there is plenty of room for MMode to improve its ROE such as improving its marketing and scouting for more business, or increases its leverage and hence its ROE

MMode’s ROE for the past 5 years average at 20% . Also note that this was achieved with very little debt. MMode is definitely a gems to look into.

I'm intrested to hear from ckwan as well how he judge a company..may be he has a magic wand or crystall ball

Discount Cash Flow Analysis
Valuation on TURBO 8/15/2014

Table 6.1: Assumptions
Current stock price $1.19
Share outstanding (Mil) 108,000
This year FCF (last Year) $11,618
Next year's FCF (mil) $12,199
Growth for the next 5 and 10 years 5.0% 3%
Teminal growth rate, g 3.00%
Discount rate, R 10.0%

Table 6.2: DCFA
PV of FCFF of core operations $186,000
Non-operating cash $42,272
Investment in Properties $0
Investment in Associates $19,785
Debts $0
PV of FCFE $248,057
Less minority interest ($893) 0.36%
FCFE $247,164
Number of shares 108000
FCF per share $2.29
MOS 48%


Intrinsic Value of TURBO is RM2.29, potential gain of 92%

Using a Reverse engineering DCF calculation shows that at the current price, the market is expecting TURBO business to shrink at a compaound annual rate of 6% for the rest of its economic life. That means its earnings will be less each year by 6% forever. So do you expect Turbo business will grow? or shrink?

current & quick ration below 1, very bad woh

like loh

Discount Cash Flow Analysis
Valuation on KFIMA 8/14/2014

Table 6.1: Assumptions
Current stock price $2.31
Share outstanding (Mil) 273,497
This year FCF (Avg last 7 years) $55,567
Next year's FCF (mil) $60,013
Growth for the next 5 and 10 years 8.0% 3%
Teminal growth rate, g 3.00%
Discount rate, R 10.0%

Table 6.2: DCFA
PV of FCFF of core operations $1,009,000
Non-operating cash $242,798
Investment in Properties $71,805
Investment in Associates $42,906
Debts ($6,159)
PV of FCFE $1,360,350
Less minority interest ($298,778)
FCFE $911,435
Number of shares 273497
FCF per share $3.33 44%
MOS 31%

Intrinsic Value of KFIMA is RM3.33, potential gain of 44%

Using a Reverse engineering DCF calculation shows that at the current price, the market is expecting 0.5% growth in KFIMA free cashflow for the rest of its life which is very unlikely.