Further on Pak Lah's comments, it's good to hear Pintaras' high margins are largely due to operational efficiencies, which would be more durable than if due to tight supply, where new capacity can be quickly added.

Pak Lah posted interesting industry knowledge of Pintaras. Thanks.

I'd be concerned with the company's track record, which may not be "shareholder-oriented."
It may be another A&M, under-valued, for a long period of time.

adds value to an old boys group.
btw don't worry over 1 or 2 rude comments to your blog, where you're adding value and fun too.
there's an appreciative silent majority out there.

How does one join the IFC88 investment club, or is membership closed?

I was disappointed with profit decline in all of Padini's divisions except for its Brands Outlets. Its FY6/13 annual report showed the following segmental PBT:
Vincci (PBT $40.7m in FY12 to $29.5m in FY13), Padini Corp ($46.7m to $40.7m), Seed ($7.6m to $3.1m), Yee Fong Hung ($26m to $33.1m), Mikihouse ($3.8m to $3.0m).
The only division which grew was Yee Fong Hung which operates Brands Outlets. How do you interpret this data against the 9 months current year?

Between 1974 and 2006 is 32 years, and my investing life is 12 years. Also, in my late 50s, the KLCI's average rise over 32 years is not apt for me. Is an expected average return of 10% every year reasonable, other than in a 1-in-9 or 10-year bust?