@ JN88, serious??? Stuck in the car - waiting for a spot to park for an hour ? Can still smile? If I am them, I will curse non stop...!!!!

@ superman99 sifu, I need to ask for some career advise. As you know, the accounting field is branched into financial accounting and management accounting. Last time, I started off my career as an auditor with PwC. But as time goes on, I find out that I do not have an aptitude for audit.
Tax is just so so. Thereafter, I jumped to commercial doing costing and FP&A - things related more to management accounting. I find it more interesting because unlike financial accounting , management accounting is more on planning, scenario analysis, decision making and stuff like that. Problem is that people has been telling me - open accounting firm can earn more money.

One month : RM30K is not an issue .

Whilst working in MNC- is just working for people. Sigh...what is your best advise? Also, if I continue to do management accounting , where can I find things or programs whereby they will groom people to be the next leaders ? To be competent in costing, pricing and all aspects of running a business ?

@ TKSW sifu, don't worry mate. When i was at the AGM, Tan Sri Kok Onn himself said that the RAPID project must continue despite volatility in oil price due to the contracts have been signed with foreigners . They will be sued if they do not proceed. For MRT, chances are high the project will continue . this is business. Pasarana cannot pull out just because the world oil price drop.

despite the broader market being weak,
Gadang is still STRONG
Like my erection...very STRONG...

sifu apini , bluefun , pisang goreng,
got any stocks to recommend for 2016?

Actually, I am very confident that SymLife will surpass RM1.00 at the end of next year 2016.

Let us not talk about undervalued assets (especially now that the market don't give a damn about NTA since majority of the property developers are trading at a deep discount to NTA) but purely from the P&L perspective:
- unbilled sales of RM700M from TWY and Star 1,
- booking rate to date for Star 2 more than 25% (70% of phase 1 for Star 2 has been booked ~ phase 1 = 40% of Star 2), and
- Signature Retails more than 70% sold (an increase of 22% compared to Sep'15).

Based on point 2 & 3, future unbilled sales can easily surpass RM700M (for both Q416 + Q117) and the main contribution will come from the Star project. Per checking with the Sri Hartamas agent, Star 2 has obtained APDL and they are now in the process of getting the S&P to be signed. In addition, let us not forget the cost of land is cheap for Star Resi and TWY at Mount Kiara...all of this is a postitive from the P&L perspective.

Why the above is important?
In terms of project risk:
For Star Residences, SymLife will break even after selling Tower 1 and 2. Tower 3 will be their profit. Now, they are 25% sold on Tower 2. Still have 75% to go.
For Signature Retails, once the sales have surpassed 70%, they have break even and the remaining 30% is their profit.
Accounting for the Star Project alone, using a meek P/E of 6.0, SymLife should be worth RM1.20 kind of price.

@ SuperMan 99, care to share with us what stock that you are currently accumulating...? xiao didi very curious lar...cannot sleep.

Better news than this is coming...this is just the tip of the iceberg

Hi Jolin Lai, I am a very handsome and romantic guy. Can give me your whatsapp?

@ superman99,
wanna ask you about opening of accounting firm....mmm....can offer some guidance?
if wanna open an accounting firm...do you think which one line of service can earn more money?
Audit or Tax?
I hate audit...and i heard audit needs to get the license to practise...and need to spend many years in firm ....i just spend 3 years as an external auditor PwC and cabut liaw...hate audit...
but if do tax alone, can survive arrr??? normally, people offer audit and tax as a package...

Good morning everyone...
Hahahah - let us see who is stronger today? The Market (impending news of US Fed hiking interest rates) or Gadang (after the glowing report on StarBiz news).
My money is with Gadang...hahahahaha

@ JN88, what over under valued gems that you wanna buy?

@ TKSW...actually, i am not very smart when it comes to economics. Im fact, during my A Levels, i scoared a meagre B in Economics. But when you are overwhelm by market noises , it is best to ask whether Tan Sri cash out when the oil market hits a new low? Or if you are a student , do your college or university close shop because the US Dow drops 309 points ?

Indeed, if next year is as bad as this year, then, it presents an opportunity to accumulate good companies at chaper valuation...so, I hinbwe should rejoice at this fact...

i believe a majority of the losses are due to opening of the new stores - for both Grandmama and Grand Harbour. During the AGM, management does mention that they are confident overall F&B business will turn into black at the end of next year.

this is not what i say....but rather what Tan Sri Kok Onn said....it is at the end of the month...

@ tksw - need your help. for the 0.1% type of account, this means that you need to have cash upfront before buying? they will not allow the T+3 sort of things?

which one is better? Cimb or ambank? i mean in terms of the trading software used and the quality of materials?

@ superman 99, currently, i am thinking of switching over to CIMB trade beyond. Brokerage fees is 0.1%. But then, it seems ambank is cheaper at 0.038%. Unbelievable. But how is their trading platform?

wow - that is really cheap...ambank is just 0.035%
any rates cheaper than ambank?
but how is the platform, by the way? good arrr?

wow - that is really cheap...ambank is just 0.035%
any rates cheaper than ambank?

Hi guys - wanna ask for some expert advice.
My banker quote the following brokerage fees:
Brokerage fees: 0.1% (he told me all the banks compete based on brokerage fees).
Clearing fees and stamp duty is the same amongst all the banks.

Hence, my question:
(1): whether 0.1% is considered the cheapest brokerage fees in Malaysia?
(2): whether the clearing fees + stamp duty is fixed in Malaysia amongst all the banks?

amend my posting to be more polite.,..

i maybe wrong - but there are a few impending good news in the favour of this counter:
(1): During the recently concluded AGM (i was there), Tan Sri advocated there is a strong chance of winning the contracts for Rapid Johor and MRT - very likely to be announced by the end of this month/ year, and
(2): strong quarterly results to be announced in Jan'16,

Hence, i don't foresee a steep correction in the price for this counter...any steep correction will be absorbed by a strong buying pressure...

i may be wrong...but i act on own my conviction.
As a matter of fact, i top up yesterday at RM2.08.
Even at RM2.00 to RM2.10 range, the PE is still hovering at 6.xx for this counter. Can be considered relatively cheap.

@ tksw - you judge yourself...

@ superman99, care to share which other companies that you have for now?

@ tksw sifu...where can we find the Kenanga research report? mind to share please?

@ superman99, icon8888, optimus,
Just wanna ask...me also accountant - but looking to break into equity analysis - but dunno how to do it? ever since i started investing in the share market, start to feel very passionate about this field...may consider doing CFA/ MBA...but don't know how to start...can advice? join an investment firm as a junior? but will they hire a 30+ year old guy as a junior? ......thanks...

wow - you managed to get hold of SAM at RM5.50...respect...shit - i work before in an aerospace company just next door to SAM - and totally missed out on SAM...one of life's regrets...

actually, after Gadang reached RM2.25, it is sufficient to cover my losses for GOB (assuming if GOB still hovers at RM0.55). Then, i can guarantee the safety of principal for both GOB + Gadang.

I just hope and pray GOB can breach RM0.75 for me to cabut without losses...

actually, to be honest with you guys, looking back at Oct - i made a big mistake. That time, GOB scaled RM0.60 and Gadang is still at RM1.45. I should have cut loss and dump that GOB son of a bitch and placed everything in Gadang.
Alas...how would i know? They will report a loss making quarter...regrets regrets regrets...

@ SuperMan99, i am quite worried about my GOB - last time, should have cut loss and park all at Gadang at RM1.45.....cry cry baby - cry mummy - cry daddy

@ Ooi Teik Bee, may i ask why do you think the worst is over for properties sector?? what makes you say that?

@ tksw, just asking, don't your tx costs be killing you? if you keep on buying and selling?

Genting is faster

The problem is that the quarterly report does not mention the business reasoning behind the losses....

Aiyoh...don't say like that....I managed to grab a few at RM11.
Now..just pray at 28th Dec...can get some more at RM181...
Very important ..siapa .tangan cepat.....dia depat...

@ brother apini + brother bluefun,
any undervalued counters worth recommending ? thanks...

i wanna write to their investor relations to confirm the following:
- higher costs incurred for Da'mein maybe attributable to the RM28M paid to Revenue Concept - as agreed per the JV agreement btw GOB and the landowner. However, why this was not capitalised as part of the property development costs?
- how much profit arising from sales of Da'mein to Pavillion REIT?
- higher losses incurred from the F&B division. Whether this is attributable to the opening of new Grandmama's stores or Grand Harbour stores? Because i attended the AGM , it was mentioned they wanna open up new stores...

Hopefully, the price continues to stay at RM 1.80 until the end of the year...my ship is coming in....

@ snwong13, what NP margin? where to find?

@ superman99, after reading your statement, i honestly feel like wanting to commit suicide - like jumping off a building....serious...

Super Man 99, what do you think about GOB? sudah makan GOB kah atau belum?? me - scared...the bombing run is very bad....

ok lar...today is good lar...tangan banyak cepat ....hahaha
boleh dapat sedekah @ RM1.81

@ superman 99, english please....me banana man...

@ TKSW, opppss..i am sorry if you follow my advice...initially, i wanna buy at RM1.70, but i saw the buy quee - quite thin...so, revised upwards to RM1.81
Anyway - you can find some consolation that my GOB will kena bomb big time today - because reported a loss making quarter...
so, today, the tikus in me...will kuai kuai snoop around in Gadang forum...dare not go into GOB forum,,,
Bombing in progress mar...

me - just tambah makan at RM1.81

Just curious, one question only...the market officially opens at 930am.
Why there are early morning trades happening even before the market opens at 930am?
In fact, i just curi makan at 9.08am.

@ riskabsorber - come on lar...the majority of the gearing is mainly due to the credit draw down to build da'mein - which upon the sales of Da'mein - will make the company to become a net cash company. Please read the quarterly report and understand the company before commenting here. Thanks.

today - gonna be like a tikus...tikus hide here at Gadang forum...GOB kena bomb today....find some shelter here....hopefully, will not turn out to be a bad day....
<<<crying and sobbing>>>

won't be looking at this counter today - will be like an ostrich, digging my head in the sand

not withstanding a bad quarter, whole year profit is still RM66M mainly due to the disposal of 2 parcels of leasehold land. I think we will end the year with profit due to the disposal of DaMein (but then, i still cannot understand why they do not wanna capitalise the RM30M as part of property development costs) and additional disposal of land at Seri Kembangan.

Also, not to forget the unbilled sales of RM400+M from its ongoing projects which has achieved 90%++ take up rate. this counter is still "safe" until the end of FY2016.

Over the long term, both Batu Kawan and Lembaga Getah projects will be main engine of growth.

But the F&B division is bleeding rather heavily. The main increase in OPEX is attributable to the F&B division. They should hive off the F&B division.