Posted by stockmanmy > Feb 15, 2018 12:11 AM | Report Abuse
makes a killing when right
does not get killed when wrong.
can the talk well chap do that?


In investing, I don't have to "kill" people, meaning to make others bankrupt in order to build long-term wealth. Why do you have to do that?

And why do I have to endure the possibility of "being killed" in a fun thing like investing?

I know you have "kill" many by asking them to follow you to sailang Sendaid, and with margin finance, a few months ago when it was trading at RM1.20+.

You said you "not get killed". Not sure about that but at least how injured you are?

Another question is what "killing" have you made recently? Haven't heard anything like that from you.

So no "killing" but got injured and bruise everywhere?

So that was how effective your BS is?

Posted by cheoky > Feb 13, 2018 09:37 PM | Report Abuse
Ok with fa. But seems like value traps is ever present in bursa. Plentitude, kfima, bla bla bla....any antidote for value trap? Buy cheap, it can go cheaper, then what?

Yes, FA sometimes got wrong in assessment and got trapped in value trap situations. As I have mentioned, there is no stock God in the world.

To avoid value traps,

1) Avoid sunset industry
2) Do not buy high on cyclical businesses, buy them at the low point instead. Most things are cyclical.
3) Pay attention to management if they are shareholders friendly, credible
4) Look at stability of earnings and cash flows, instead of one time off events
5) Be aware of structural change in the industry
6) etc.

Posted by abang_misai > Feb 13, 2018 09:42 PM | Report Abuse
Hehe. I bought Plenitude at 3.50 & Kfima at 2.20 about 3 years ago or so. Followed him blindly after enrolling his program and got trapped until today. Nah bu heh


Nah bu heh? What is that?

Why you so lucky got trapped blindly following me in two stocks I shared in i3investor, when I have shared hundreds? Well, I am not stock God who won't get anything wrong in any shares I wrote. I don't think stock God exists at all in this world.

But Abang, jangan lah tipu helah. You enrolled in my programme and got trapped? I have never recommended in buying Kfima or Plenitude in my stock pick service, have I? They were in my portfolios which I shared in i3investor 5 years ago. With the high dividends received each year,I doubt one loses any money for Kfima. Plenitude, the last I checked, the loss is less than 10%.

So, Abang, why you so unlucky one? Some more telling lies.

By the way, the business of the twp companies have some obvious structural changes. That is part of FA. In FA, investing in a stock doesn't mean you hold it forever, does it?

Posted by Invest_Sensibly > Feb 13, 2018 08:37 PM | Report Abuse
How is the performances of your Hevea, Tguan, Kuchai?

This post discussed about FA, TA and BS. Does it discuss about Hevea, Tguan and Kuchai? Okay never mind, here are my response.

I first discussed about Hevea in i3investor on December 8 2013 in the link below,

http://klse.i3investor.com/blogs/stock_pick_challenge_2013_2h/40360.jsp

The share price was at a preadjusted price 95 sen, or an adjusted price of about 23 sen (please see Yahoo Finance). It went up to a high of closed to RM1.75, or 8 times the price when it was first discussed. It closed at 90 sen today on 13/2/18, down by a lot from its peak. I sold it at RM1.65 exactly 4 months ago on 13/10/2017, as I needed money to buy other stocks. Thanks for your concern.


I mentioned about Thong Guan in the link below,

https://klse.i3investor.com/blogs/kcchongnz/104956.jsp

I mentioned that a course participant recommended this stock some time in September 2014. It was selling at an adjusted price of about RM2.15 then. Three and a half years later on today, it closed at RM3.57, still a decent return of 66%, not bad at all. Thanks for your concern too. It actually went up to close to RM5.00 a few months ago. Unfortunately, I did not sell it as I don’t see any fundamental change in its business and its growth story.


I talk about Kuchai as a negative enterprise value investing strategy in the link below four years ago,

https://klse.i3investor.com/blogs/kcchongnz/45296.jsp

It was trading at RM1.20 then. I ought some and sold for some profit. Can’t remember how much did I sell.
Today, Kuchai is trading at RM2.15 now. If I were to keep it until today, the profit for this 4 years is 95 sen, or 79%, or a compounded growth of 16%, definitely over-performed the broad market by extremely wide margin.
So, anything wrong with Kuchai? Fundamentally, I see it has improved, improved by a lot more.

Posted by bluefun > Feb 11, 2018 09:18 AM | Report Abuse
谢谢与感激 Sifu KC 的留言，bluefun 小弟会继续加油，努力向上 :)
希望有天可以与您面对面喝杯茶，聊聊股经 XD


我已阅读您的大多数文章。 您有一个很好的未来。

If you are in KL or PJ, we can go out for a drink any time. Just send me a email.

好文章. Jia yu.

Posted by stockmanmy > Jan 31, 2018 11:56 PM | Report Abuse
I want .01%.....
I want to be the 1%

So, where are you now?
How old are you now?

I am sure you aren't the 0.01% yet. Those who are in the 0.01% won't be talking nonsense in a public forum like i3investor, I am sure.

Do you see Coldeye talking or posting nonsense in i3investor?

From what you have commented, I have doubt whether you are even 50%.

Posted by stockmanmy > Jan 31, 2018 11:59 PM | Report Abuse
jn
lots of idiots in the stockmarket
to win, I just have to be better than the idiots
shouldn't be too difficult.

See the ruthlessness. It is a reflection.

By the way, who was the stupid idiot who sailang on Sendai at RM1.37 with huge margin and lost close to 100% now?

Posted by Sslee > Jan 31, 2018 08:11 PM | Report Abuse
“损人利已，不为。
“利人不利已，可为。
“利人利己，应为。”

Me: Yes, the above principles in life were instilled to us as a good person. That I would expect an ordinary respected person in the society at such an age, and already with such wealth will do. But unfortunately, that was just an expectation, but the outcome is just completely the opposite.

Not only that. When someone tried to educate the public on some useful things which would save the naïve and newbies in avoiding the pitfalls in investing, he ridiculed him.
Sad, isn’t it?

“I always believe that share investment is not a zero sum game. Your win is someone loses is gambling. Share investment supposed to be a win win for all. Am I too idealistic? Or is this too much to ask for?”
Me: Fully agree with you. And that is what I am propagating; find good companies and invest for long term. Everybody will profit from its growth in the long-term.

However, not everybody thinks like us looking at long-term, although they tell you to do so. Many prefer to have big gain in the short-term, and the only way to do is manipulating, of course only when you have the means to do it; with huge monetary resources, buy up the shares first, write articles to promote it relentlessly, leverage on the “reputation” one has, encourage leverage so that more buying, tell you to hold for long-term, and then Boom, dump.

And then what to say?

“Why you so stupid?”

“Why you so greedy”?

What was said was actually true too.

Only Chinese educated people like you and me knows about Szuma Chien, and the Tai San.

HOW MUCH HAVE YOU LOST SAILANGING SENDAI AT RM1.37?

BUT THAT IS NONE OF ANYBODY'S BUSINESS.

BUT HOW ABOUT YOUR GREAT ADVICE TO THE NEWBIES TO SAILANG IN SENDAI AT RM1.37?

CAN DO SOME MATHS AH?

Posted by stockmanmy > Jan 31, 2018 01:22 PM | Report Abuse
KC
From the analysts perspective, Sendai wasn't a mistake....The Company did report good profits for 3 consecutive quarters and the stock run up from a low of 50 sen ( at the commencement of buying ) to a high of $ 1.50........Plenty of opportunities to make money in the time period.

ME: LET US FORGET ABOUT HOW IT LOST MONEY, HUDREDS OF MILLIONS THE PAST YEAR AND FOCUS ON IT PROFIT LAST 3 QUARTERS.

MIND TO SHARE WHAT DO YOU MEAN BY GOOD PROFIT? ARE THEY REALLY "PROFIT"?

HOW COME THE FREE CASH FLOWS FOR THE 3 QUARTERS ARE NEGATIVE? SHOW US THE MONEY!

HOW COME THE CLIENT OWED THEM MORE THAN RM1 IN WORK DONE? YES, BILLIONS, TEN FIGURES! MADE RM60 MILLION, BUT OWED BY CLIENT MORE THAN RM1 BILLION? ANY LOGIC?

SOME MORE OWED BANKS MORE THAN RM1 BILLION, TEN FIGURES.

HOW? MADE RM60M FAKE MONEY AND OWES BANKS RM 1 BILLION?

HOW HOW HOW?

PLEASE READ MY ANALYSIS HERE,

https://klse.i3investor.com/blogs/kcchongnz/132084.jsp

I ALSO LIKE TO READ YOUR ANALYSIS, IF ANY.

The Company mistake is to engage an IB to do a private placement which is very odd as it does not seem to have an end date. A good private placement should be a quick affair , not a drawn out affair lasting 1 year. Those who didn't like the private placement sold out their shares.

ME: OH, YOU ARE CLEVER THAN INVESTMENT BANKERS AH? WHY DIDN'T SENDAI, YOUR GOOD FRIEND ENGAGE YOU INSTEAD TO CARRY OUT THE WORK OF HOW TO CLEAR ITS BILLIONS OF DEBTS? I AM SURE YOU CAN WITH YOUR DYNAMITES.

Hi penis moment and dynamite gambler, where have you been? Haven't seen you for a long time already. Hven't seen this kind of unprecedented PLP in any place before.

Good to have your comments again, and I hope others don't flag you. There is no fun any more if you are not around.

Let me respond to your great" comments one by one. My response is in BOLD.


Posted by stockmanmy > Jan 31, 2018 12:03 PM | Report Abuse
hahaha

ME: WAH SO HAPPY AH? PICKED UP SOME GOLD SOMEWHERE?

In the two years I have been here, KYY has been completely honest and has also increased his wealth by tens of millions.

ME; YEAH YEAH YEAH, I AGREE WITH YOU! NO FURTHER COMMENT.

what has your portfolio achieved, how much students fees you collected?

ME: I AM HAPPY WITH THE PERFORMANCE OF MY PORTFOLIO, MAY BE IN THE REGION OF 25% THE LAST ONE YEAR. NOT TOO BAD. NOT MUCH FEE. IT IS JUST PEANUT, BUT I FOUND JOY IN EDUCATING THE PUBLIC THE RIGHT WAY OF INVESTING. FOR PLP PEOPLE LIKE YOU WHO LIKE TO PLP THE RICH, YOU WON'T UNDERSTAND APPRECIATE THE SATISFACTION I HAVE HAD.

quote by Mark Twain.......Loves that


“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great.” – Mark Twain

Not saying you are small people but saying KYY is great investor, he sailang his way to greatness.....the really great make you feel that you, too , can become great.

ME: NO COMMENT ON THIS EITHER. FOR ME, THERE IS NOTHING GREAT HAVING A LOT OF MONEY. I AM NOT LIKE YOU, PLP ON THE RICH PEOPLE, NO MATTER HOW HE OBTAINED HIS WEALTH.

They say, aim high.....yeah, aim high. Its good to aim high.

ME: i JUST REMEMBER YOU ALSO ASKED PEOPLE IN I3INVESTOR TO BE GREAT IN SENDAI. I AM SURE YOU ALSO HAD 'SAILANG" ON IT TOO, HAVEN'T YOU? IF NOT I THINK YOU ARE ALSO CAN BE CLASSIFIED AS THE MOST "HONEST" PERSON IN THE WORLD TOO.

YOU REMINDS ME OF THIS VERY MUCH; ASKED PEOPLE TO SAILANG SENDAI AT ITS PEAK AT RM1.37 A FEW MONTHS AGO WITH YOUR DYNAMITE INVESTING AND PENIS MOMENT. DO YOU HAVE ANY IDEA HOW MUCH THE NAIVE HAS LOST?

PLEASE READ THIS THREAD AGAIN,

https://klse.i3investor.com/blogs/kcchongnz/134621.jsp

Posted by John《 HIBISCUS 》 TP RM2 > Jan 21, 2018 12:33 AM | Report Abuse
I never touch Margin or contra. I invest with solid cash. Thats why i listen to you sifu KC


Nobody cares if you use margin finance or not. And nobody gives a damn if you become filthy rich using margin finance.

But when you relentlessly boasting and propagating that to the general public, which you don't give a damn how damaging it is to the general public, it is a very irresponsible act, in my opinion.

Hengyuan from RM19 to RM12 is just one of the instances. There were many more.

Posted by John《 HIBISCUS 》 TP RM2 > Jan 20, 2018 11:57 PM | Report Abuse
And kc sifu, i dont know what is your 过去 with uncle kyy...but my advice, 算了吧...shake hand and become friend again lo
Uncle kyy investment method different with you...both method also got strength and weakness ma...算了吧


I have nothing against any personality. 我讨论的是问题，而不是个人

“The world is not dangerous because of those who do harm, but because of those who look at it without doing anything”. Albert Einstein

Posted by John Lu 《 HIBISCUS 》 TP RM2 > Jan 21, 2018 12:01 AM | Report Abuse
Kc sifu...i joke only la. If u become my sifu, i will 100% put in effort to learn ma. Sifu


You appear to be sincere. Seriously, I have read many of your comments, and I think you are not that bad a guy.

However, I am not the solution for you. You need to find a professional motivator and trainer, someone who can guide you on the right path in life.

I sincerely hope you can find one.

Posted by John Lu 《 HIBISCUS 》 TP RM2 > Jan 20, 2018 11:50 PM | Report Abuse
Eh KC sifu, I 2017 is pure luck I think, simply buy and simply earn...THIS I AGREE WITH YOU 101%.

can u become my sifu? I give u opportunity to become my sifu la...teach me how to earn 9% pleeeasseeee

YOU THINK YOU BEG ME TO BE YOUR SIFU I WILL ACCEPT YOU? YOU REALLY HAVE HIGH HOPE, DON'T YOU?

ACTUALLY I DON'T MIND TEACHING THOSE WHO ARE POOR MENTALLY, I AM AFRAID THIS CASE IS NOT ABOUT MENTAL RETARDED, BUT MORE ON THE ATTITUDE, EXTREMELY POOR ATTITUDE IN LEARNING. MAY NOT HAVE ANY MEDICINE TO CURE.

Posted by John Lu 《 HIBISCUS 》 TP RM2 > Jan 20, 2018 11:46 PM | Report Abuse
Haha...kc so small gas. U said Stock D mah...i guess only...u call buy at 83.5c and closed next day 86.5c mah
Haha...smart right?


So your way of investing is to read what others write in i3investor, even from someone you think got 9% return, way below your expectation, make guesses and buy blindly?

And you call it "smart"?

I really don't know what to say.

Posted by John Lu 《 HIBISCUS 》 TP RM2 > Jan 20, 2018 11:29 PM | Report Abuse
Haha...u so small gas one kc? Come on...i bought because u post the article la

Did I post an article on dayang? When? Where?

Whatever it is, it is the dumbest thing to do, to buy a stock when someone posts an article, especially from someone whose return in investment is only 9%, which you have been harping relentlessly recently.

My advice to you is, learn more about investing from people like Ricky Yeo, Calvin Tan, rather than attacking them relentlessly.

Posted by John Lu 《 HIBISCUS 》 TP RM2 > Jan 20, 2018 11:24 PM | Report Abuse
KC, your Dayang how? I buy 83c support u lo


It would be more fruitful if you were able to share why you buy Dayang.

Come, tell us your reasons, your analysis perhaps, rather than all the empty talks, and attacking others personally.

To support me? When did I ask for your support?

不能确定这是否会带来任何值,除了不断吹嘘财富

[我和家人们共持有逾2000万股。
恒源炼油是我们第二大投资，最大的投资是在捷硕资源]

但这的确是一个很好的提醒，那些盲目的追随者

[请谨记，不管我何时开始脱售该股，我也没有义务告诉任何人]

Posted by myongcc5 > Jan 20, 2018 10:15 PM | Report Abuse
I never missed KC artiles! Entertaining n Enlightening!
Simple but comprehensive!
well done
KC, how is the weather there, very hot?

myongcc5, thank you very much for your support. That always makes me continue to write and share.

Weather in Auckland? it is at 21 degree Celsius now, fantastic.

A few days ago I was at a place with under zero degree, 15 degree yesterday, and now it is 26 degree, not too bad.

Posted by John Lu 《 HIBISCUS 》 TP RM2 > Jan 20, 2018 05:00 PM | Report Abuse
Ricky Yeo dare post comment but not dare participate in 2018 stock pick...lame like a chicken


Don't participate in the stock pick means "lame like a chicken"?

Why? What is so great to participate in it? You do participate right? What is the positive contribution you have made in all your participation in the stock pick, which we can benefit?

Compared with the knowledge and wisdom of Ricky Yeo, where do you think you stand?

Posted by SharehlderOppression > Jan 2, 2018 10:34 AM | Report Abuse
Dear Kcchongnz,
Ignore the naysayers, your pragmatic approach towards investing is invaluable. Fully agree with every point you have made.
Timing is everything. You can buy a good company but at a wrong price.
Hence with Fair Value Investing and diversification, your risk is spread out. It is like buying many houses at auction prices.
Keep up the good work!


Of course I also highly appreciate the above. Thank you.

Posted by supersaiyan3 > Jan 2, 2018 08:20 AM | Report Abuse
Happy New Year, KC! Don't let them stop you from speaking the truth.
On Sailang point 13, they just have to make sure they sell before the newbies.

I always appreciate supersayan3's motivation. Thank you.

Posted by csl1991 > Dec 29, 2017 11:13 AM | Report Abuse
Thanks for sharing KC. Don't be disheartened by the naysayers and continue writing articles. I'm sure there is a group of silent readers appreciating your writing.


Thanks for the encouragement. This is the main reason why I am still sticking around in i3investor.

Posted by John Lu 《HENGYUAN upgrade to SIA LANG》 TP RM30 > Jan 2, 2018 07:35 AM | Report Abuse
This KC only know how to condemn people...uncle Kyy earning so much in Hengyuan...no jokes...I think Kyy unvle earning more than 50 million from HYC whereby KC still crack his head to earn peanut from subscription fees, u know la, 1 year return only 9%, KC need find other way to survive also ma...who is the winner now?


Which part of my article "condemn people"? Please show and elaborate.

Who cares if anybody earn so much money? What value does it bring to the society?

Me, and you have complete different values in life. I love my way.


Great minds discuss ideas; average minds discuss events; small minds discuss people.

And I pride myself for propagating the right things to the community. If I can do something good to the society, like what I am trying to debunk some investment myths here, whether I earn anything or not, it doesn't matter. I will be happier doing so. Making 50m is not my aim in life. Life has a better meaning than that.

Posted by Sslee > Dec 29, 2017 05:57 PM | Report Abuse
Dear KC Chong,
As the year came to a closed and a new year began, I would like to take this opportunity to thank you for the sharing of your investment knowledge with the i3 community. I believe many people have benefited from your teaching of Fundamental value investing (FVI) I included. It have been a good learning curve for me as I start to look into i3 and learned from all the Sifus in i3 for that Holy Grill or Magic Formula for successful investment. Please allow me to summaries what I have learned:
Form KC Chong: FVI where you need to read the financial report, know the business, do the calculation, (EPS, ROE, Profit margin, PE ratio, P/B, P/cash flow, Dividend yield, EV/Ebit and etc) take care of the downside and the upside will take care of itself.

Sslee, I am glad your have learned something from me. This is what I am trying to do in i3investor, already for more than 5 years.

I spent a lot of time doing this, had work, but at least I know some people, like you, benefited. It is satisfying.

Posted by John Lu > Dec 26, 2017 12:24 AM | Report Abuse
Paper sifu, we are not intention to spoilt his rice bowl ma...we just talk fact and our opinion only right?

You two tried to spoil my rice bowl? What rice bowl?

You really look yourself so up ah?

Where is your credential?

Posted by paperplane > Dec 26, 2017 12:37 AM | Report Abuse
My return in 2015,2016 is really perhaps a pure luck! All luck only like casino. No wonder I like genting.


From what you write, and the mentality you have had, I just have no other opinion except agreed with you 100%.

You only know the price of everything, but have the faintest idea of what is value.

Posted by paperplane > Dec 26, 2017 12:23 AM | Report Abuse
自大狂？ Me 自大变态狂！ This more suitable! Hahaha


Oh yeah, this I fully agreed.

Posted by paperplane > Dec 25, 2017 10:53 PM | Report Abuse
Aiyo, me last this yr. So embarrassed.hehe.

So now only you realized that the good result you have in 2016 was nothing but pure luck?

Posted by paperplane > Dec 26, 2017 12:21 AM | Report Abuse
U can't buy perstima nOw! 9% div yield, using historical proven cashfLows some more! Go! Quickly go to buy perstima, don't Miss Out div yield of 9% above! Don't be stupid! ProvEn with formula, iv is rm8! I still remember that.

Out of 24 stocks, many of them returned more than 100% to 260%, why do yo chose Perstima to talk about?

Posted by Tom > Dec 24, 2017 11:50 PM | Report Abuse

早就说了，那位纸飞机根本就是自大狂，只不过在中线投资中稍微得意过一些人就那么嚣张了

Posted by John Lu > Dec 26, 2017 12:08 AM | Report Abuse
Long term? The investment method has change over the past few decade...if 30 years ago u said invest hold for long term still can work for those company like PUblic bank, genting etc...nowadays is momentum trading which we look for 3 months to max 12 months lo
Unless u have 10 mil or 20 mil cash like Kyy then ok la buy and keep to get dividen every year...if less that 5 million must have fast capital gain...buy long term? How long is long term? 10 years? 20 years? Keep for next generation? Come on...dont make me laugh lo

So tell us, how has investment method changed over the past few decades?

How has this "change" changes the return on investment?

Momentum trading for 3 months, 6 months? How successful you are so far? Any records to show ah?

Posted by John Lu > Dec 25, 2017 11:51 PM | Report Abuse
I agreed investment is an art...why make it so complicated like thise engineer count this and that until 0.00001 cent also counting...use biz sense and logic ma

Which engineer count this and that until 0.00001? Where you get that?

So what is your biz sense? What is your logic?

Lu can use an example and elaborate ah?

Posted by John Lu > Dec 26, 2017 12:03 AM | Report Abuse
If 1 year 9%...3 years from.2017 to 2019 only 27%...by the tume matket crash in 2020 loss 30%...how ah KC?


How you get 3 years 27%? 3*9? Like that one ah?
How you know market crashes in 2020? You got crystal ball ah?
How you know and who you know lose 30%?

How Lu get all the above

Posted by newbie92 > Dec 25, 2017 10:59 PM | Report Abuse
Hi KC, may i know why u din include HY and Petron in your portfolio, not good enough? Thanks.

You know I have seen this type of comment many times. One time I even read about "Those who did not buy (stock) are low class investor".

It makes me don't know want to laugh or cry.

You know there are a thousand stocks listed in Bursa, why I must include HY and Petronm? I am happy to have some stocks like Tong Herr, Uchitech, Magni-Tech, SKP Resources, Padini, Scientex, KESM etc a few years ago.

I am never sad if not having HY or Petronm. Why should I?

Yes, their share prices have gone up a lot recently, but that is after the fact.

Each of us has our own circle of competence. We do not need to follow the crowd. Actually this principle has served me very well in the past. I don't know about you.

Posted by Tanleechoo > Dec 25, 2017 11:47 AM | Report Abuse
Any thing KCChong wrote ,we must do our home work too.. No one is going to make money for us.. The decision still in our own hand. He is better than many n we are thankful for his sharing

In view of the persistent touting of shares in the public forums, it is important, very important, to do your homework.

Yes, there ain't no tooth fairy in Bursa. If you are long in the stock market, you should know that well.

Posted by mike90 > Dec 25, 2017 12:14 AM | Report Abuse
Hw about your 2017 i3 stock pick roi?


My 2017 i3 stock pick returned 9.0% so far, with dividend included. It is nothing great. Nothing to shout about.

But is there anything wrong with 9.0% return in a year, when the broad market rose by 5.1% during the same period?

Naive? I don't know who made naive comment such as why you don't buy this and that etc.

I did not say Hengyuan and Petronm didn't have good cash flows. I just make a general statement that one has to look at cash flows over a number of years.

I just like to look at cash flows over a number of years. I never asked you to follow my way. If you are not happy to look at "historical" data, you are free to do whatever you like and nobody going to stop you.

Respect me so much? Please lah. Save it.





Posted by HENGYUAN @RM21 CONFIRM COMING > Dec 18, 2017 12:21 PM | Report Abuse

Posted by HENGYUAN @RM21 CONFIRM COMING > Dec 18, 2017 12:33 AM | Report Abuse
Why no PetronM, hengyuan? Both cashflows good.....I wonder how the stock picked?

There are close to a thousand stocks in Bursa, we don't have to swing for every pitch.

One can't just decide if the cash flows are good or not by looking at a quarter or two. Cash flows are so lumpy that you have to look at a number of years.


WHAT? such naïve comments from kcchongnz. KC, i respected you much, but please, PetronM has soon few years of good records. not just this few quarters.

And HY has shown good record also past 4-5 quarters.

By the way, what makes you think few years good record of cashflows help anyway?? BAT SHOWN 10 YEARS good cashflwos also. WHAT HAPPENING NOW?

Please lah, update with latest situation, then only it makes sense. not JUST HISTORICAL!

Posted by HENGYUAN @RM21 CONFIRM COMING > Dec 18, 2017 12:19 PM | Report Abuse
systematic risk is a big word. where got systematic risk, it only happen only during crisis time where for example liquidity lack in the market, and everyone running off the banks. You think will happen this round?

I think you better have a better understanding of what systematic risk is in investing.

Posted by HENGYUAN @RM21 CONFIRM COMING > Dec 18, 2017 10:16 AM | Report Abuse
systematic risk wont last long


What do you mean? No systematic risk? Got such thing?

Posted by HENGYUAN @RM21 CONFIRM COMING > Dec 18, 2017 12:33 AM | Report Abuse
Why no PetronM, hengyuan? Both cashflows good.....I wonder how the stock picked?

There are close to a thousand stocks in Bursa, we don't have to swing for every pitch.

One can't just decide if the cash flows are good or not by looking at a quarter or two. Cash flows are so lumpy that you have to look at a number of years.

Posted by aiinvestor > Dec 17, 2017 12:11 PM | Report Abuse
Diversification may not work in a bearish market. The overall market is bearish, so even if idiosyncratic risk can be reduced, your portfolio will get affected by systematic risk in a bearish market.


Systematic risk is present in all market, worse in a bear market. Diversification works better in a bear market as some stocks, especially those hot stocks will tank. With a diversified portfolio, at least the damage on the portfolio is not as bad.

Posted by aiinvestor > Dec 17, 2017 01:56 AM | Report Abuse
Even if you check his past records, you will not know how he has made profit. Suppose someone invested USD 10,000 in 5 stocks, say, Stock A (USD 7000), STock B (USD 1000), Stock C (USD 500), Stock D (USD 500) and Stock E (USD 1000).
Then, what matters most is the return of Stock A


You are absolutely right.

However, that is not the point. We don't really care if the investor makes a lot of money betting on ten stocks and made hefty returns from two stocks, and the rest lose money. One can claim whatever he likes.

Someone makes a lot of money, whatever means he uses, it is his own business. He is not going to share with you, is he?

The point is should one follow blindly that someone who said I have made so much money from a few stocks but whose records showed he only got 20% of the time right, just because he said he made so much money by doing so?

Let me know when you are in NZ. My base is in Auckland. Bring along your golf set.

A am no accountant. But I seriously don't think so.

It means RM600m profit in the future is exempted from tax.





Posted by Ooi Teik Bee > Dec 7, 2017 11:00 PM | Report Abuse

Dear KC Chong,
Please share your opinion.
Do you agree with the below statement ?
Thank you.
Ooi

Posted by ESPESP > Dec 7, 2017 10:54 PM | Report Abuse

Unabsorbed reinvestment allowances (unrecognised DTA) is part of a tax incentives..

It will act like normal unutilised tax losses to be deducted againts the taxable profit for the quarter or year. Hope this clarifies.

Thanks. RM600 mil Unabsorbed Reinvestment Allowances would mean Hengyuan can register another 600 mil gross up x 100 / 24 = 2.4 billion profit that will not be taxable? Hope i am right

Posted by ramsyll > Nov 18, 2017 10:38 PM | Report Abuse
To all the retiree's out there... Mr.C, Paul and others... who are NOT financial savvy, my humble advice is for you to engage a proper fund manager to manage your funds in getting a return that is suitable to your risk preference.
Please go through the List of Capital Markets Services Licence holders for Fund Management issued by Securities Commission to ensure that your are given proper financial advice as to your requirements.
Personally, i use Phillip Capital to manage my retirement fund. Why you might ask? Becoz of Mr. Ang Kok Heng who is the Chief Investment Officer.. you can google him for his credentials.


I kind of agree with the above; if you have little knowledge and experience in investing, get a fund manager to do for you, preferably those with CMSRL.

But bear in mind fund managers and institutional investors make up the bulk of players in the market, and hence on average, a fund manager's performance will be average. In fact, an average fund manager will be likely to give you below average result because of fees. That is the nature of the industry.

Your costs determines your return in the long term. Know and understand your costs, which in my opinion, few appreciate this.

There are indeed some good fund managers out there who consistently outperform, but you can find out their performance through the funds they manage.

Posted by PlsGiveBonus > Nov 17, 2017 12:26 PM | Report Abuse
If it is so difficult for many people to make money, then you shouldn't put your money in it.
But this value investor want to play with fire, they will tell you this Ponzi has value, people do not buying into this Ponzi that no longer work. If there is choice, one is easy to make money for everyone, the other is that make money in the expense of other people, I will choose the former. this Ponzi is created by the old generation and expecting the younger generation to foot their bills, fat hope!! They will make their new system and obsolete the old buggy system.


Investopedia defines Ponzi scheme as "a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors."


So which is closely resemble a Ponzi scheme; the Bitcoin thingy you have been harping and harping and harping, or my value investing?

Posted by valuelurker > Nov 16, 2017 10:23 PM | Report Abuse
In the first place, dont go creating your own acronyms graham will be turning in his grave go bless his soul. secondly, everything you ever need on fundamental analysis is freely available on the internet, and there are free lunches, just not from you. so say so, and dont go around saying there isnt and proclaiming yourself to be saviour


"acronyms"? What "acronyms" in this article you are referring to? Please elaborate.

"graham will be turning in his grave"? Why? What has this article to do with Graham?

"secondly, everything you ever need on fundamental analysis is freely available on the internet"

True true true, and that was what I said in the article as appended below too, didn't I?

"There are a lot of resources and help out there. My service is just one of them."

"and there are free lunches, just not from you."

Maybe you are right above. Hence I never "proclaiming yourself to be saviour", did I?

Do you provide "free lunch"? Are you a "savior"?

I don't think so, but I think even you do, I doubt anybody will take your "free lunch", or look at you as their "savior".