my cost is 3.25 still long way to go. lol

i'm still queuing to buy.

my cost is at 57sen. bought in 2013. holding for 5 years now.

i have sold off 40% of my holdings at 0.655 with total profit of 33% and CAGR of 5.92% over the 5 years holding period. consider decent la...though its far from my 15% requirement.

anyway keeping 60% while waiting to see how this MGO pans out.


Posted by TheContrarian > Jul 22, 2018 12:22 PM | Report Abuse

Most people stuck with TA for years at higher cost.

Padini is one regret to me. Bcoz for whatever reasons, this stock was not appreciated by the market for its fundamentals and have been undervalued for many many years. And out of nowhere mr.market falls in love with Padini, re-rate its multiples higher and higher. And i sold early thinking its probably fairly valued basing on its historical multiples.

i also bought Padini then at 1.59 but unfortunately sold it 2 years later at 3.

wah TA forum still so active. let's wait for the events to unfold itself.

in the meantime, just HOLD only

What is your analysis, James? I don't see anything other than copy paste from the quarterly report.


James Ng https://klse.i3investor.com/blogs/general/166273.jsp
[转贴] [LII HEN INDUSTRIES BHD，生产成本提高及员工短缺] - James的股票投资James Share Investing

Profit on downtrend. Profit Margin below 2%. Low ROE.

My DCF calculation shows LiiHen is worth RM5.10.

rising crude oil and weakening of ringgit does not bode well for them

you do a simple DCF la on its FCF...then roughly u can gauge its IV

with or without trade war, outlook for furniture industry is promising given the strength of US economy and the hurricanes. this trade war is a bonus.

Within the furniture space, Lii Hen Industries and Latitude Tree Holdings are two stocks which caught the research house’s attention considering 70%-90% of their sales are directed to the US.

Furthermore, both have solid balance sheets with a net cash position, making up 10%-20% of their corresponding market capitalisation. Valuation wise, they are trading at less than 10 times price-to-earnings (PE) while offering commendable dividend yields of more than 3%.
Read more at https://www.thestar.com.my/business/business-news/2018/07/20/furniture-and-glove-makers-winners-in-us-china-trade-war/#OxyvzxybL3qwyQ21.99

Calvin, what did u find out about OSK assets? mind to share?

Meaning DT selling spree would continue?

I keyed in 86sen. Hopefully gets done.

@TheContrarian

U also got buy Tropicana shares?

share price back to normalise. Immediate TP remains at 1.50

I bought Ekovest at few tranches
0.965
0.93
0.65 (unfortunately is the lowest amount of the 3 tranches)

Liihen's ROE and ROIC has always above 20%, generating high returns to the shareholders

trade war will benefit local furniture companies

demand is increasing
exchange rate is favourable

management main worries is to manage the labour issues

time to relook at furniture counters.

if Calvin thesis is right. the only way for Eksons is upwards.

the share price has reached its bottom.

for a company to trade below its cash value. any raider can come in and just buy over the company and recorded a handsome gain upon acquisition!

quick check at their AR shows that the company generates healthy operating cashflows in FY2016 and FY2017. their dividend payments are supported by FCF generation.

FY2018 recorded a minor negative OCF. The company incurred low CAPEX. I believe the FCF trend is intact with improving profitability.



shpg22 Company is losing money thus expect no dividend..that is enough to overwrite all the pros above. Recent dividend is consider an one off after almost 5 years of drought.

Cash per share at RM0.96 compare to current price of 0.75. Unless the major shareholder is willing to sell the whole company or distribute it as dividend otherwise its meaningless to retail investor.

any idea when the independent advisor will release its report?

where do you get the news on the bonus issue?

Eksons, a classic case of stock trading below its net cash

cash per share (excluding liquid investments) = 93sen
Share price = 75sen

I hope management can consider distributing the "differential" 18sen as dividends to us shareholders.

wow PNB has been selling

I would prefer to gain exposure to EWI by owning Eco World Berhad

so fast rebound, damn miss the boat...

Perhaps KYY is selling? Lol


Posted by SmallFish8 > Jul 10, 2018 04:43 PM | Report Abuse

Even with director and EPF buying... the price keep dropping... This call GG.com

No taker at 66sen. Why Datuk didn't take up?

Market is forward pricing. It's forward P/E is definitely not 4x.



Posted by Patrick13 > Jul 6, 2018 09:18 AM | Report Abuse

PER is 4 which means the earnings yield is 1/4 = 25%. If you think Gadang is good stock, now is the good chance to collect at low price.

they have declared 5 sen previously. why another 5 sen?

@Jon, TM looks interesting now

@thecontrarian

what is ur investment thesis in Dutaland?

but there is a difference, the offeror does not intend to maintain the listing status of Petaling Tin


Posted by singh1 > Jul 3, 2018 07:42 PM | Report Abuse

I was looking for another counter to compare and learn something as this mgo is something new for me. Interestingly found Petaling tin as a counter currently undergoing a takeover offer by it's substantial shareholder. Initial offer in May 2016 was for 24 sens. After 2 years, new offer just released in May 2018 and it is 40 sens per share. So looks like this whole takeover thing may take sometime to play out. Need a lot of patience.

yeah, hence i said to minimise the unsystematic risk.

the systematic risk, i.e. the macroeconomy, can only be managed by asset allocation. equities, bonds, structured products, cash...

to certain extent, can managed the portfolio design also during recession times, example building positions in stalwarts, assets plays instead of fast grower and cyclical.

looking back at GFC that was the best time to load up the DLady, Nestle etc. etc.

Posted by Jon Choivo > Jul 3, 2018 09:18 PM | Report Abuse

The correlation is one that makes sense and does not make sense to me at the same time. In a recession, correlation for everything goes to 1, all drop together. So i don't really pay attention to diversify in terms of industry, just find really good buys, and often they come from different industries haha.

interesting topic. there is really no definitive guideline when come to diversification. my own portfolio construction rule is to own between 12-20 stocks, in stricter terms to have a concentrated portfolio of 15 stocks. having said that, i am currently holding 25 stocks. well, that's my own problem.

it;s just not the numbers really. to protect the downside depends on how you design the portfolio, like stocks chosen should be spread over different industries and the stocks preferably have low correlations, at least to minimse the unsystematic risk.

how much to weight, i would say in direct proportion to how much confidence in each stock. i set my own concentration rule of not more than 20% of portfolio. perhaps im not as confident as Jon. hahaha...

tomorrow onwards are exciting times

if the shares price pushed up above 66sen then TT has no choice but to revise the offer upwards.

NTA 1.48. Revalued NTA easily above RM2.

Surely, the shaheholders would reject the offer. such a no brainer

13.85mil is achievable in a weeks' time

exciting times ahead for Maybank....introduction of Islamic shares and potential listing of Etiqa

things are looking bright for TA

i actually thought Wahid did a very good job at PNB

icon wrote in his article to avoid stock with long gestation period yet himself pick WCEBHD. lol

Both Eksons and Focus Lumber are good buys.

time to add more

yep, time to revisit some furniture companies

USDMYR has been strengthening...US economy remains vibrant, Fed sounded more hawkish, funds flowing out from emeerging markets