Insider buying Base on Financial result

Dont but now buy it at rm12

Anticipating share split and one off special dividend in near future ,2.6 billion cash is available

Delta+ is coming

Fastest production line lead to higher margin
Good business moat

2 times dividend ,0.2111 ，1000 unit=RM 211. + another dividend at least RM 180 to encourage you to convert which interest RM384 annually

micro finance is better than commercial finance,because of it low level of default and higher interest,u can check Muhammad Yunusresearch on micro finance for noble reward

single digit PE, double digit growth ,wide business moat with margin of safety

i could forsee the growth of middle east market ,2022 QATAR worldcup ,the bigget sport event
below capture from latest may 2017 highlight from tuneprotect website
Middle east business grew 40% mainly from B2B translate into PAT growth of 14.2 %

Aeoncr NPL is around 2-2.5%

anytIme can buy as long as pE less than 10 ,u will be having margin of safety on this business come with wide moat that growing at double digit

kksk123 yeah you are right ,jz read though the announcement

jz something i cant understand why they nid so large of fund ,the volumn of ICULS is three time of no unit of share (after bonus), if fully convert at RM8.9(as per illustration conversion price,with vwap around RM16) will be around RM3.8 billion cash

the conversion price is generally 15% discount (suggestion on illustration) of Theoretical Ex-Rights Price,jz simply put a price let say (RM19/1.5)x 0.85 ,the vwmap(volumn weighted moving average price) will be decide after egm (in the illustration of announcement is around RM16 with resultrd exercise price RM8.9), jz wait for announcement. the higher exercise price the higher leverage raatio of iculs will be result higher gain potantial (leverage ratio x % gain on mother share). the subscription value of iculs-la will be RM1 per unit.

who have attended aeoncr agm before? 3 course mael ?any door gift?planning to go on this 21 june thx

single digit PE double digit growth ,3.5% DY ,30% ROE ,NPL 2.x %

ROE ROCE explanation
Company A
profit -20
share -100
debt-0
roe 20%
roce-20%

company B
profit-25
share-100
debt-100
roe-25%
roce -12.5%

ROCE is different with ROIC

ROIC is using Earning before interest &tax and minus excess cash (that not needed to run the company) and non interest bearing debt (example supplier is not your capital,deferred tax which arise from accounting adjustment etc) to provide you a fair comparison to access a company operating efficiency

This equation introduces two new terms that need some explanation. Excess cash can be defined as the cash a company has that is not required to operate the business. For example, Microsoft clearly does not need the full $35 billion in cash and investments it has in its war chest to keep the business running, and we can subtract a portion of that cash because that capital is not really invested in the business.

The most salient example of a non-interest-bearing current liability is accounts payable. The reason we subtract accounts payable from the invested capital base is because, if you think about it, accounts payable represent capital invested in the business by a company's suppliers, not the company itself. Other forms of liabilities that we should probably subtract out are deferred revenues and deferred taxes. (We say "probably" because, like excess cash, determining what liabilities do and do not represent invested capital requires a lot of judgment.)

http://news.morningstar.com/classroom2/course.asp?docId=145095&page=9

roce-takes care of both capital providers of both equity and debt holders, or the whole firm. (RETURN ON CAPITAL EMPLOYED)

ROIC-ROIC = NOPAT / (Total Assets - Excess Cash - Non Int bearing Liabilities)

NOPAT = Earnings Before Interest & Taxes * (1 - Tax Rate)

ROIC allow u comparing company with difference tax scale (such as company A tax rate 30% , company B tax rate 20%)

plane crash risk has been insured ,up to 2 plane

add on : it is capital light business as well

i have collected this counter from 0.90 cent ,and keep buying untit it cost 1.4.the time of my buying it was yielding 11% ,(10 cent dividend , 90 cent of share price )

This is the business come with moat,from it high gpm it tell you cleary, .The GPM is around 40+ %,and the npm is around 15+%, the gap of gpm and npm will be narrow when the production volumn is increase because volumn will bring down the fixed cost/unit , (go back to study your costing).

Thus,Scc is belong to blue ocean business with quality and pricing power.
Non-antibiotic feed , US mcdonald are stop using chicken grown with antibiotic feed.

Their businessis dealing with poultry ,it is a non cyclical in nature.it fulfill sustainability criteria,it is having high earning quality and it is long established track record around 40 plus year of it prudence management without sacrifice of grow and innovation (new product).
Because of it strong recurring earning (and the amount of revenue to be sustain is actually really small ),it sales risk is very low.

healthy balance sheet,it is 0 debt, eliminate financial risk.

Performance -ROE more than 15%

This is why i choosing scc.i have invested 90% of my total capital in this share .

一些投机和投资都分不清楚的人，先搞懂才来评论。

巴菲特都不能在航空股赚钱还要亏钱离场。原因是高债务，cyclical business,没有护城河，哪家便宜搭哪家.

one of the company with wide business moat

online porter eliminate agent fee ,as same as geico having cost advantage, creating a wider moat.

eyeing for 2022 qatar worldcup (JV with air arabia) and thailand to make the travel insurance compulsory for foreign visitors

Beta of 0.18 as compared to tenaga 1.13
This counTer serve as good defensive stock
But maybe not for price at right now , which lack of margin of safety

thx EPF support litrak
My best hedge during dropping market

nice result

Toll hike is contracted
See public bank reports
Pe 15 is fair for monopoly business with 30% hike in sales price as margin of safety

up until now still below 15 pe and Dividend yield 4.87% lol

one of the rhb small cap pick

congrats,hit new high,and it still undervalue
i am all in this at avg cost 1.10 ^^

And with misleading info that drive ppl to panic sell
Ie false compensation assumption without proper understanding of this company

明天怎样都是属于Panic Sell的了。
This article suggest u panic sell
Not me

赶快PANIC SELL TUNE
我要买啊哈哈
明白TUNE才来写文章吧
丢人现眼啊

形成宏观的看法，或者听别人的宏观或市场预测，纯属浪费时间
巴菲特

cimb is the issuer of TUNEINS-CC
so u know why the analyst keep pushing this stock,u can complain to bursa as well because of conflict of interest

Dynamic Price Threshold Upliftment - 5230CC(TUNEINS-CC)

Kindly be informed that Dynamic Price Threshold mechanism on stock 5230CC(TUNEINS-CC) will be uplifted from 3:47 PM until 3:57 PM. During this period, orders can be matched within 30%/30 sen up and down of the Reference Price. The Reference Price is RM 0.17 and the upper and lower limit is RM 0.47 and RM 0.005 respectively.Dynamic Price Threshold Upliftment - 5230CC(TUNEINS-CC)

Kindly be informed that Dynamic Price Threshold mechanism on stock 5230CC(TUNEINS-CC) will be uplifted from 3:47 PM until 3:57 PM. During this period, orders can be matched within 30%/30 sen up and down of the Reference Price. The Reference Price is RM 0.17 and the upper and lower limit is RM 0.47 and RM 0.005 respectively.
Announcement Info
Date Announced 19 Nov 2014
Category Special Announcement
Reference No PK-141119-56383

股市不怕你赢，只怕你不下注，投机客不要被一时的盈利冲昏头脑

the company cash flow is terrible lol ,lousy pick

要轻松不要投资，要学习不要给藉口自己，千里之行，始于足下，我也是从0自己学起,甚至为了喝牛奶而学习养牛

cash flow告诉你资金流向，如果单看net increase,那是没用的，第一很可能现金靠卖厂地点（一次性收入），或者借贷而来。

在股市不要问别人对任何股票有任何意见，要投资自己去做功课，至少你做了功课，叫别人指正你

简单的告诉你，看竞争优势（企业护城河够深吗，看毛利率对比同行-产品服务的获利能力，看净利率-成本控制和效率），第二看市值买小型股（为什么呢？自己去理解life cycle coounting,你买在公司成熟顶峰区，难成长，而营业额下跌风险高等其他因素自己去发掘理解，不然多看书，本人建议peter lynch-one up on wall street）

不要误导群众作出错得分析
公司甚至去外国推荐他们的股票给机构投资者
http://tuneinsurance.com/group/investor.php

兩大股東丹斯里東尼費南達斯與拿督卡瑪魯丁各持15%有效股權，根據2013年金融服務法令，他們在5年內需遵守最高10%個人最高持股規定。
“預期兩大股東將展開售股行動，可能促成股價挫跌，是投資者趁低吸購良機。售股同時進行股權策略“掛勾”，尋求新伙伴，是最佳選項。”


旅遊風險增‧TUNE保險受惠
2014-04-29 17:13


（吉隆坡29日訊）泰國旅遊與旅遊保險正在復甦，最近航空事故頻頻，有望提高客戶購買旅遊保險意願，興業研究建議投資者趁低累積TUNE保險（TUNEINS,5230,主板金融組）。
泰國政局衝擊，首季旅泰亞洲旅客按年挫27%，預期上半年旅遊保險也同步走疲；由泰國往外國旅遊的人數則保持健全增長數據。
到泰旅客本月初開始改善，泰國旅遊局昆明辦公處的調查顯示，中國飛泰客機承載率在潑水節（本月14日至20日）期間改善80至90%，預料驅動保險業為泰國旅遊業復甦的受惠者，興業說，泰國兩年前計劃強制實施旅遊保險，最近航空事故頻頻，預料有望提高旅遊保險銷售，短期內購買旅遊保險者有望擴張。
該公司最近參股泰國奧沙葩集團旗下奧沙葩保險49%，這有望促進網絡、交叉銷售等更廣空間；正尋求途徑獲取泰國與印尼保險牌照。
“基於其價值鏈中可加強資訊分析與提供各種保險，可提供各類產品鎖定特定客戶群。正推展網上銷售保險產品予Y世代，試驗計劃包括銷售車險與攫奪險，同時交叉銷售壽險。”
儘管強化賺益仍是主要目標，該保險公司已成功重組，營業額將增長，將獲更多企業客戶、中小企業客戶與召募更多有素質代理。
兩大股東丹斯里東尼費南達斯與拿督卡瑪魯丁各持15%有效股權，根據2013年金融服務法令，他們在5年內需遵守最高10%個人最高持股規定。
“預期兩大股東將展開售股行動，可能促成股價挫跌，是投資者趁低吸購良機。售股同時進行股權策略“掛勾”，尋求新伙伴，是最佳選項。”
給予“買進”評級，目標價由2令吉40仙調高至2令吉70仙。（星洲日報／財經‧報道：張啟華）

sorry typo error
interest is belongs to financial cash flow

一个公司不能将盈收回，所有的盈利也是paper profit,accounting profit
negetive cash flow的公司可以不用看了，连roe也不用理，也有可能是假账，看看龙筹股
cash is fact ,profit is opinion

公司的表现在于能生产多少现金，不是多少accounting profit，这就叫cash rich,当扣除所有负债的现金，这叫net worth
另外一个好处是看公司有没有over trading,我会扣除acquisition，防止over trading risk

投资就是生意，生意就是制造现金，既是现金的风险管理

投资者更应该看FCFE-free cash flow to equity
FCFE- OCF-Inv in Capex +/- net borrowing

因为这个可以知道该公司能有多少现金派股息,在不影响公司的扩充和不贷款不融资的情况下
例子,pintaras,公司可以不贷款，不向股东要钱，扩充营业额，提高公司现金，而且股息越发越多之余，现金储备还能创新高

http://www.ftsmodules.com/public/texts/valuationtutor/VTchp7/topic8/topic8.htm

http://www.cfainstitute.org/learning/products/publications/inv/Documents/equity_chapter4.pptx

FCFF free cash flow to firm

FCFF=OCF + int (1-T) - Inv in capex

ocf=EBIT(1-T)+depreciation+ Amortisation +/- change in working capital

FCFF=EBIT(1-T)+depreciation + Armotosation +/- Changes in WC - Inv in capex


EBITDA=EBIT+depreciation+ Amortisation


FCFF=EBITDA(1-t) +/- change in WC - Capex

OCF是加回interest paid,因为利息属于Investing cash flow ,
中心是这个是after tax cash flow,ocf是已经扣除tax

计算FCFF的意义在于评估线现金是否有流入公司,如果一些高revenue但是是暂时还没收回来的就会negative in change in working capital,先自己illustrate一个简单的cash flow statement你就明白了(example 2013 receivable 100, 2014 receivable －1000,cash flow statement 就出现NEgative 900 ,因为还没现金收回这个盈利

只分成free cash flow to firm ,free cash flow to entity

同一个formula来得，搞懂financial statements才来发贴吧，谢谢

Friday, 24 Oct 2014

5:20PM Odyssey Reinsurance Company ("Odyssey") (27,494,700 units Acquired)
5:19PM Fairfax Asia Limited ("FAL") (27,494,700 units Acquired)
5:19PM Fairfax Financial Holdings Ltd ("FFHL") (27,916,700 units Acquired)
5:19PM Fairfax (Barbados) International Corp. ("FBIC") (27,916,700 units Acquired)
5:19PM FFHL Group Ltd. ("FFHL Group") (27,916,700 units Acquired)

big fund is buying?

dun waste your effort to time the market

50Bil Mega infrastruture project ,pintaras can busy for nest 3 yrs