Posted by qqq3 > May 8, 2019 11:54 AM | Report Abuse

Posted by Fabien Extraordinaire > May 8, 2019 11:52 AM | Report Abuse

10% compound annual return is no easy feat, more so since you are looking at a 30 years period
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it can be done if u focus on quality....U will fail if u focus on valuations......



i beg to differ. pay a too high price even for a quality company may become a bad investment decision.

i doubt so, need to balance MYR weakness

10% compound annual return is no easy feat, more so since you are looking at a 30 years period

that level of consistency...

time to relook at export counters
MYR is downside bias

curious to know what's your thought process behind each pick.

wow what happened?

damn i miss out topping up at 80+

RM11 soon by month end? after quarter results

RM10 by end of the year?

wow suddenly MFCB is up

after the release of AR

bought some

good news 4.1sen dividend similar to last year

you guys need to be steady

stop checking the share price every single minute

just chill, get a hot teh tarik and enjoy life. you will make money from Ekovest eventually

such a coincidence to see icon here too..

Its been a long, long, long while we haven't seen such a robust market like today. Ekovest and IWCity led the way. Both closed up limit up with substantive volume. The announcements by both companies after market close was NECESSARY based on full disclosure.

Naturally, this set tongues wagging that its all for naught. Really... is this our first rodeo??? Many big projects are awarded to private companies or joint ventures because it is easier to sort out details without revealing too much to the market. Subsequently, they usually will be injected into linked listed companies just based on the nature of project and capital requirements.

You cannot expect market investors to ignore such news because both companies are tightly controlled by LKH. A stock market is a forward discounting machinery. Judging from the longevity of the project and the massive capital requirements, and the fact that he has already listed companies in the correct sector - it would take an idiot to surmise that he won't inject into these two companies.

Surely Ekovest would be the lead player followed by IWCity. Remember when LKH got the same project before being unceremoniously taken away by you-know-who ... it was supposed to be injected into IWCity but the insufficient profits there made fundraising a problem. Hence this time around, it is likely that Ekovest would be the lead company.

IWH in the jv owns 60% of the project and would need to pay its share of the RM500m = RM300m. Ekovest has a warrant expiring June 2019 which should bring in RM150m. Thus making the fundraising relatively easy. To do something else (e.g. keep the jv private; use another listed vehicle, etc..) would be multiple times more onerous.

Nonetheless, it is likely that some selling pressure may occur tomorrow but I expect the whole thing to rebound swiftly. (p/s I hereby declare I have zero holdings in both companies or its warrants). Buyers will have to grit their teeth and brace for the volatility.

Reading comments from i3 would lead me to conclude that there are too many newbies in the markets, or less than sophisticated investors. There is no need to jump and be startled on the news. It shouldn't be your first rodeo.

https://klse.i3investor.com/blogs/kianweiaritcles/203520.jsp

interesting read

many listed companies are con job

totally understand such negativism. must be a frustrated lot this author

Interesting portfolio

1. Econpile - didn't know much about them. used to own their competitor Pintaras Jaya

2. Hartalega - good stock. it's good to have some blue chip in the portfolio

3. United Plantation - most efficient planter. but i won't touch palm oil at the moment

4. Uchitec - defensive play. good DY. strong cash generation

5. Serba Dinamik - too diversified in my opinion. i prefer Dialog

6. Bermaz Auto - no comment

7. QL Resources - bought them years ago when it was below RM2. sold as valuations get too expensive

SAM always hovering around 8++

wait for next quarter result

ringgit selldown likely to continue. market is waiting to see if the passive funds are selling their holdings of govvies. more downside to the ringgit if Malaysia indeed to be excluded from the FTSE bond index.

export theme may comes back.

USDMYR 4.14

timber profit margin also quite stable.
Plywood Log Margin
Aug 491.76 268.1 223.66
Sept 487.63 265.85 221.78
Oct 483.96 263.85 220.11
Nov 481.87 262.71 219.16
Dec 486.85 265.43 221.42
Jan 501.2 273.25 227.95
Feb 494.7 269.71 224.99

Its in The Edge Daily some time ago, published report from UOB KayHian

tempted to buy some

i'm torn between this. opportunities to buy stocks in the wish list. on other hand, fail to offload some stocks intend to sell.

Hong leong industries fits the bill. cash cow (strong FCF) plus earnings growth.

Management intends to get back into the syariah compliant list by next review on May 19.

eh no one pick PCHEM??

you seem to have hidden agenda against Dialog

very difficult strategy if u keep moving ur funds towards potential stocks with immediate catalysts

u need to have a very high hit rate to remain profitable

lol it's fated i would never buy at the "lowest", as always, just like Monish Prabai. haha

bought yesterday, then fire happens, today cheap sale again

Added PCHEM to the core portfolio

Orient, a defensive stock in portfolio, above 6% yield

i believe they can even increase the payout if they want to. cash is piling up. very healthy FCF generation.

very good. 28sen dividend :)

8.88 ong number to queue.

over 1 year period, i pick FLBHD (recent weakness make it super cheap).

over 3 years period, i pick MFCB.

Last year 20sen was special dividend, one off.

What's up with SKP? 1.40 now.

Can consider this stock for turnaround play.

Better bet than SCGM which has high gearing.

Posted by Icon8888 > Apr 3, 2019 7:03 AM | Report Abuse

My portfolio is recovering

Now it is approaching 85% of my 2018

And many stocks in it have yet to run

If the bull market extends into 2020, I am looking at new height



Wow, Icon...your portfolio is doing great.

Last year i'm down by 16%. As of now, think up around 8%. Halfway there.

Contrarian, you are here too

My cost is 95 sen.

3 sen dividend coming.

Price over 5 year average FCF is around 11x.

It's a reasonable assumption to pay at least 15x multiple for such company with healthy FCF growth. Hence, you are easily looking at FV around RM13-14.

2018 FCF is 452mil. Market cap is around 3.14billion. Its FCF yield is 14%.

2018 FCF grew by 24% from RM344mil. Average 5 year FCF is 281mil and average growth rate is 18%.

By holding this stock, you should make a return of 30% per year (14% + 18%).

This company has good FCF yield and growth. Its intrinsic value is growing at least 20% (conservatively) every year.

assuming LPI can produce consistent 15% ROE every year. in other words compounds its book value 15% every year.

how much book value multiple should u pay for? is current multiple of 3x a fair value, overvalued or undervalued?

eventually when they show real profits from the power plant, this stock PE should ideally expanded to a higher multiple of 15x (its inevitable that investors sentiment to reward a higher multiple once the company can consistently produce sustainable free cash flows).

don't forget, its future revenue shall comprise mostly recurring revenue and these revenue are real cash profit under long term contracts hence protected from external forces. its really a cash cow business.

Return on equity around 15% (not very high)
Return on tangible assets 8% (good)
Earnings not growing
Is PE 20x justifiable?

My personal view it's at FV. Unless they can grow their earnings at least matching the economy then PE expansion is possible, towards 25x.

you guys take BIMB too seriously la...

from 7.25 to 2.90??

assets play may take a long time for value to emerge, it could be 10 years or 20 years down the road, and some never will (get privatized at a pittance).

if u keen to invest based on assets, best do it with a diversified portfolio. opportunity cost and value trap are key risks.

@uptrending

your dream seems to come true, big lelong coming

maiden loss making quarter. screaming sales!

its known fact that OSK is undervalued. for some reasons, market is not ascribing to that.

anyone buying?