yep, agreed with value88

chinwel does not rank up in term of choices at this moment. compared to David's previuos recomemndation as an example, FLBHD is more worthwhile buy

how about TongHerr?

Posted by stockraider > Feb 15, 2019 10:08 AM | Report Abuse

Go go go Rm 0.90 loh....!!
But even Rm 0.90 want to sell meh ??
Raider short term Tp is Rm 1.30 loh....!!
Long term TP is rm 2.00 mah.......!!

So common sense mah... b4 reach Rm 1.30 to Rm 2.00 u need to pass Rm 0.90 mah...!!


RM2 is only its liquidation value.

Raider, aim higher!!

in modern times like this, where to find a company selling (significantly) below its net current asset value???

haha, i'm just a smallish shareholder here.

wait, once their medical centre starts contributing...

wow what happened?

RM2

Ok thanks much!

yep, this is FAKE icon. Only 35 posts.

How about Gladwell's Blink? What's your review, Ricky?

Between Blink and Risk Savvy which is better?

Icon8888 comment for item 5 : you don’t need to get all your stocks in your portfolio right. Sometime a few of them will turn bad. But if you have one or two multi-baggers, that will help to cover the losses and elevate the performance of the entire portfolio. In other words, don’t be afraid to take risk. It is ok to make some bad decisions. But try not to be too concentrated)


Partly true that u don't need 100% of ur stocks to perform. Not so true that one or two multi baggers can elevate your portoflio (only true if you have constructed your portofio based on equal weightage).

End of day, your portoflio outperformance depends on portfolio weighting, more so than stock selection.

what KC mentioned is 6% real return la...adjusted for inflation.

how much is real FD return??

how about credit quality? look at NPL ratios.

how to know if the Bank is being conservative? look at its loan loss coverage.

anyway, if u intend to invest in a Bank, pls note that those old days of high ROE is gone.

with Basel reform (stringent rules on liquidity, structural funding profile, maintaning adequate capital buffer) and new accounting standards (new loan provisioning methodology), it is inevitable that Bank's ROE and NIM to trend lower.

The starting point to look at the Bank's quality is their credit rating.

Strong credit rating will helps in favourable loan pricing, attracts more sticky deposits (e.g. during crisis times, u will notice a flight to safety, deposits flowing to Singapore banks for example), assess to cheap source of funding/ample liquidity. It's about credit spread, managing liquidity and capital position.

Relevant financial ratios to look at are ROE, NIM, LCR, NSFR, LDR,capital ratios.

Banks will only go bust due to 2 things - liquidity crunch or lack of capital.Banks are required to meet certain thresholds (1. LCR for 30 days liquidity position. if u cant survive the first 30 days u will go bust. 2. minimum capital ratios. on top of that regulators also require to build up capital buffer during normal times to survive in the event of economic crisis).

In terms of risk management, you can read their Basel Pillar 3 Disclosures in the Annual Report. 3 main Pillar 1 risks - credit, market and operational risks. There are other Pillar 2 risks that regulator look at to such as interest rate risk in banking book.

Are there any excessive risk taking? look at return on risk weighted assets (instead of ROE).

What;s the point of this article?

1) Do u know that Banks are not valued based on PE but rather P/BV? The main determinants to prescribe the P/BV multiple is the Bank's ROE.
2) You can;t look at operating CF basis to determine the Bank's healthy liquidity position. For liquidity, u should assess its LCR. Alternatively, u still can look at the traditional LDR ratio.

FLB fair value should be around 2.40.

FLB looking good. Q4 results should be better y-o-y.

dare u to show me evidence of liqudity drying up

sphg22

SOUR GRAPE

at the end, all things will revert to the mean.

uncle does not understand mean reversion...

mother of all valuation from uncle koon

take one quarter profit and annualised it, applied PE 10x. that;s how u should do it.

RM2 la...

Icon, why not have a look at Dialog?

let's see how the trade war unfolds...

rerouting of polyethylene exports from US to SEA is to blame for the depressed selling price

vegebird123 Fabien Extraordinaire

What is your holding price?
30/01/2019 15:28

My cost at 5

waiting below 4 to average down

yep, declared 17 sen dividend

4% yield at current price, ok la..

shpg22 Downgrade fair price to 3.50
30/01/2019 15:18

Ok, i key in at 3.50

sorry, i am greedy

i'll wait below RM4 to average down

pls drop below rm4, my CNY wish

that's why 3iii can only invest in that small universe stocks that meet the checklist. a very small sample.

no idea, just hold and watch

lol

what are the top 3 (a must read)?

i'll start from there.

quietly moving up

when you survived the black swan events then only ur skills are credible la..

unlike Mr.Phillip, my problem is i always sell "too early". I am in early but unable to fully exploit the full potential of quality companies..i took advantage of market multiple expansion and sold

case in point, i sold QL, Dialog & Padini at >100%. I could have ride on and gain mutlibagger...200%, 300% etc etc

wonder how many got blew up by HY. classic case of regression to the mean.

at least, some of the optimists quoted by Phillip are still around in I3..

true story

my cost price for SKP 1.68

"FYI. I have found the bursa market to be out of moat stocks. I'm just keep the moats I have. Make of that what you will."


I think moat is over rated. I don't get obsessed over it and neither should any of u too. Moat may protect you for an extended period of time, however, at some point be it competition, technological changes, socioeconomic changes will inevitably present challenges to the moat, more so at this digital age.

On other note, do read Homo Deus by Yuval Noah.

Just look at its growing FCF.

Amazing, no?

Posted by qqq3 > Jan 22, 2019 05:31 PM | Report Abuse

Temasek bought into GDex....Gdex becomes PE 100 stock for years and years....until recently when earnings disappoint.

Anybody with that Bufalo and Temasek as shareholder sure adds to its reputation la....until / unless they disappoint.



Will that happen to my SAM??? Hahahaha

After DKSH, Hengyuan, Petronm...waiting for more write-ups from Icon.

Icon8888 and PB forecast DPS jumps to 30 sen next year

slurp

Maybank forecast 15sen next year

Maybank predicted the powerplant to potentially contribute a minimum of USD55m of FCF p.a. over its 25-year concession. Expect good yield moving forward.

200mil is real profit. real cash flows.

not construction profit

abeerdeen dumped their shares as they ran out of patience. end of day fund managers have to correct their underperformance. they cant afford to be like us, holding 10 or 20 years. orient, in terms of share price, has been trading within a tight range for years.

wah very close to mine

my cost price is 6.16

i bought Orient many years ago, sometime around 2014 i think at 5++, sold within a year at 9++

3iii said orient is a value trap. i dont mind waiting 10 or 20 years for value to emerge. coz i know Orient is worth more than RM15.

good to hear that, Icon


hopefully i can be successful and achieve my goal la..in 10 years time.
im comfortable with RM4 - 5mil portfolio size then only i can quit full time job

fuiyo...banyak aggressive. haha

28 age where to find capital to invest ?

it depends on ur earning power as well as savings rate

i started savings since the first day i start working. i work hard to earn promotion. only after i left big 4 and started career in banking industry, i began to have time for investing,


first year of investing, i started small with just 50k capital.

wow Icon...u have more stocks than me

I thought i'm one of the rare breeds who cant stop buying stocks.

Posted by 10154899906070843 > Jan 16, 2019 06:24 PM | Report Abuse

Fabien, for me I look at it this way, of course I may be wrong, because I dont follow SAM engineering very closely or the airline industry either.


Thanks for the insight, Phillip.

I'll study more over this weekend.

What i have gathered from various reports, some pertinent points:

1) currently there is a backlog in orders worth RM3.1billion. most of the models are in early stage of lifecycles. Airbus and Boeing have combined order backlog of 13k+ aircrafts which will take min 9 years to fulfill all the orders and this does not include new orders over the 9 year period
2) significant contribution will come from their 2 FMS lines to produce nacelle beams
3) Starting from FY2020, will see contribution from additional facility for LEAP-X engine casing manufacturing

Anyway, SAM is in my core holdings. And i dont want the share price to go up because i am still accumulating.

Having said that, it's good to have opposing views. I'll take some time to study more.

I started investing when i was 28.

This year is my 10th year of investing. Hopefully within another decade i can reach my end goal la...