Is it right time to buy now?
You have to learn yourself. Practise make perfect. If you enter now and lose money, find out why. Everybody need to pay tuition fees.
What is knowledge, what is skill, what is peritus. Master this will see you through comfortable golden age.

股票市場 易学难精

## Buy good company cheap, I like it.
Good share doesn't come cheap. But when market crash, bad share drop, good share also drop. It is always when market crash that you can get good value for your money.

The problems are:-
1. How do you define good share? What are the criteria to qualify your good share?
2. How do you evaluate value of good share to form basis of buy cheap
3. How do you accumulate good share (buying strategy)
4. When is the best time to start buying (always remember lesson learnt during 97/98 crash)
5. Exit plan

Right now the most important thing to consider is the risk factor in investment cycle clock. I am of the opinion the peak is over. The market can only move south. It is safe and prudent to keep more cash or park your money in REITs to wait for opportunity.

Take further note:

1. Beware of creative accounting. PE can cheat, PL can cheat, BV can cheat, growth rate can also cheat. You know what I mean.

2. Must be comfortable with Director of company you intend to invest. Too many examples happened in Malaysia. Cheat once, he may cheat second, then third time and so on.

Nov 20, 2014 11:45 PM ##

USD is now 3.444 to RM, and fast approaching 3.5. Will it stop at 3.80?
I believe every foreign fund managers and hedge funds know very well USD going to strengthen further against ringgit.
SKPetro is not going to be the only one facing selling pressure. Now you will see one by one foreign fund favorite suffer same fate.

USD is now 3.44 to RM, and fast approaching 3.5. Will it stop at 3.80?
I believe every foreign fund managers and hedge funds know very well USD going to strengthen further against ringgit.
SKPetro is not going to be the only one facing selling pressure. Later you will see one by one foreign fund favorite will suffer same fate.

USD is now 3.38 to RM, and fast approaching 3.5. Will it stop at 3.80?
I believe every foreign fund managers and hedge funds know very well USD going to strengthen further against ringgit.
SKPetro is not going to be the only facing selling pressure. Later you will see one by one foreign fund favorite will suffer same fate.

In case you don't follow what has happened at the macro level, oil just got totally destroyed in 5 months. Go figure the impact to the national deficit and govt budget for the next one year, and how everything would be funded.

Light Sweet Crude (WTI) fall from USD109 in Jul to USD66 on saturday morning Malaysian time. http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html
Malaysia produces same grade of oil and export to Japan. Our budget is based on oil at USD 100.

Oil revenue down, less govt operating budget, less development budget, less capex.

What will happen to all the marginal oil field operators? According to Tan Sri Samsul SKPetro is one of them. http://www.thestar.com.my/Business/Business-News/2014/11/29/No-more-marginal-oil-field-awards-for-now/?style=biz

Should take this golden opportunity to remove TTB as well.
Some body please make requisition for EGM. Get this insubordinate employee go fly kite !!!

What is the putpose of table resolution and having AGM.
TTB is just an employee, he has the power to direct how owner of a company to act in favor of himself? What a joke !

TTB should be fired for insubordination. Let him know who actually own the company.
TTB is nobody. A CEO doing nothing but makan gaji buta. Let him go fly kite !!

話不要讲的太决 留点后路给自己

USD now 3.38, fast approaching 3.50

## Nov 7, 2014 03:36 PM | Report Abuse

I believe every hedge fund managers see USD going to strengthen against ringgit. SKPetro is not going to be the only facing selling pressure. Later you will see one by one foreign fund favorite will suffer same fate. ##

Some people commented in SKPetro thread :

## Nov 21, 2014 06:47 PM | Report Abuse

Skpetro, 这只汽油股明年开始很肯定的是赚大钱。
收购资产@油田就是Skpetro的前面工作。
有钱收购别的资产为公司大大提升净利。
Rm4.00一下股价说真的非常超值的投资水平。 ##

The same person also commented :

## Nov 23, 2014 09:08 AM | Report Abuse
I had been choose SKPETRO bcos Huge OG ORDER BOOK@CONTRACT.
DEBT RM1bil vs OG Contract Rm26.8 bil.
Generated high visible net profit grow in future.
最近还趁着马币走软，购入油田资产。
聪明明智策略!
Good step ! ##

The same person condemned :-

## Nov 23, 2014 09:36 AM | Report Abuse
有些人真的在讲着没有意义的话(KS55 )##

He further condemned :-
## Nov 23, 2014 01:11 PM | Report Abuse
思想如寄生虫一般。 ##


I am just wondering where is that person now ??
He must have lost his underpants by now !!
28/11/2014 15:17

Oil price drop, USD already at 3.37

In case you don't follow what has happened at the macro level, oil just got totally destroyed in 5 months. Go figure the impact to the national deficit and govt budget for the next one year, and how everything would be funded.

Light Sweet Crude (WTI) fall from USD109 in Jul to USD72 as per today. Malaysia produces same grade of oil and export to Japan. Our budget is based on oil at USD 100.

Oil revenue down, less govt operating budget, less development budget, less capex. What will happen to all the marginal oil field operators? SKPetro is one of them?

WTI now at USD 72.75
http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

Light Sweet crude (WTI) now at USD 74 .21
http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

USA is unique. No where else in this world can challenge quality of life in US (probably excluding NY and Silicon Valley).

Potential ghost city. Very eerie at night. Rent no good, owners refuse to let.

Why need to pay up to 10% gross pay in life insurance? Endowment ? Whole life with profit participation? Be prudent, refer below link :https://www.youtube.com/watch?v=sOBWGWd0mwI

How much it will cost to buy in S'pore or Hongkong no prime area apartment up to 950 sf? Not difficult to find out.

Earning 6k should be able to pay installment for mortgage up to 300k. With down payment of 10%, can buy apartment up to 950 sq ft or more (assuming 350psf).

Problem is earning 6k want to stay in double storey house in Klang Valley. It was possible 10 year ago but not now.

Please note, mortgage on 50 months gross pay is consider affordable.

Compare apple with apple. Don't compare a 800sf apartment in S'pore with 2000sf terrace house in Malaysia.

To be fair, use 50 months gross median pay for Singaporean or Hongkist and 50 months gross median pay of Malaysian. See what type of dwelling they can buy, apartment vs apartment, terrace vs terrace, detached house vs detached house, urban vs urban, suburban vs suburban.

How many S'porean or Hongkist can afford to stay in landed property compared with Malaysian. See what is on per sq foot basis each S'porean or Hongkist can get for 50 months gross median pay. Hongkist doesn't go home after work, they just wondering on street and shopping mall simply because their home is too small and not comfortable.
Like it or not, Malaysian enjoy better accommodation than counterparts in S'pore or Hongkong.

CEO is not holding a single unit. This prove that he himself just want to get easy money from other people's money. Makan Gaji buta ma...

In that case, vote him out also won't hurt him at all. In fact it is extremely easy to ask him to get lost.

## USD is now 3.34 to RM. I believe every hedge fund managers see USD going to strengthen further against ringgit. SKPetro is not going to be the only facing selling pressure. Later you will see one by one foreign fund favorite will suffer same fate.
12/11/2014 10:49 ##

Whether cheap money will come to Malaysia remain a big question mark. What I do see is they are selling Malaysian Bonds, MGS and many other foreign fund favorites are facing selling pressure.

Exactly, I am a retiree living a comfortable life. Share market just my pass time.

Shortlist those fundamentally good counters, make technical analysis before you decide to buy. There is always an alternative, buy share A or share B. Opportunity cost exists. Best buy today is not always best buy tomorrow.

Let suppose you have 1m cash asset (Share, FD, Bonds, Treasury bills, SA etc excluding EPF). How much risk you you can take?

Some people can stand up to 50% loses (if they are still young <35 yr old)
Some people can only stand up to 20% loses. (may be for 40 -50 yr old)
Some may be 10%, or 5%. (Retired or near to retirement >50 yr old)
It is really depends on your degree of tolerance.

Some may be young, but they have low degree of tolerance. Their temper will fluctuate with market performance. Market good, they got excited. Market down, they will not be able to sleep. This will affect their job performance.

My advice is, if you invest up to 500k, you find that your temper already being jeopardized, reduce to 400k. If still find hard to sleep, reduce further to 300k, 200k,100k etc. There should come to a level whether market up or down doesn't affect performance of your main career anymore. That is your tolerance level.

Some may have 1m cash asset, but not able to stand a 5k loses. These people are not risk taker, share market is definitely not suitable for them. REITs may be most suitable for them as it is low risk with medium gain. Otherwise will be FD or MGS.

Newspaper = sunset industry?

Newspaper = sunset industry?

CEO earning gaji buta lah

In near future, US market won't crash because USD going to strengthen further against most currencies. This effectively suck all hot money back to US.

Just pay a little bit attention to MGS, Malaysian Foreign Reserve and out flow of foreign funds from Bursa KL, you will notice all turn against Malaysia's favor.

USD strengthen day by day. Those who borrow in USD will be the first one to face 97/98 fiasco. Sooner or later Bank Negara will have to respond. How ? Just go back to chapters in history to safeguard yourself and to protect your hard earn wealth.

破巢之下 安有完卵

You think we are not in that crisis at the moment?

My comment in SKPetro
## In case you don't follow what has happened at the macro level, oil just got totally destroyed in 5 months. Go figure the impact to the national deficit and govt budget for the next one year, and how everything would be funded.
Light Crude Oil fall from USD109 in Jul to USD74 as per today.
14/11/2014 12:36 ##

How will be our budget 2015 fare? No money coming in, no operating budget, no development budget. Everything come standstill.

Again you look at KL city line, KL is already City of Crane just like Bangkok in 1997.
Please also refer http://www.patchay.com/p/kuala-lumpur-urban-developments.html

USD fast approaching 3.5, will it stop at 3.8?

Will Malaysian banks facing US banks subprime problem?

sell if you cannot

I would like to add further

1. Beware of creative accounting. PE can cheat, PL can cheat, BV can cheat, growth rate can also cheat. You know what I mean.

2. Must be comfortable with Director of company you intend to invest. Too many examples happened in Malaysia. Cheat once, he may cheat second, then third time and so on.

Thank you for reply.I really appreciate.

We cannot be certain exactly when market is going to crash, but we are certain the peak is over. When investment clock is at 1155hr, it will not be much different from 1200hr, the changes is small. Likewise, from 1200hr to 1205hr, many still remain unaware. It is always when it reach 1215hr when drifting market accelerates its fall, people will start to realise. By then half of their capital might have been wiped out.

What I have been doing now is keeping 40% cash (FD), 50% REITs (of course not office REITs), 10% good DY stock (may change from A to B) to help me keep update market movement regularly. Like shares,REITs may drop, but minimal. So call low risk medium return investment.

I would also like to share my view that 97/98 crash in Malaysia/Asia is only comparable by 08/09 US market in modern history. 08/09 Malaysian market is no where compare to 97/98 if you were already in during that time. For me, I will never forget lesson learnt during that crisis.

Biggest joke ever encounter in corporate world!
AGM man, this is AGM - once a year affair. Please treat it with utmost respect.
What the hell you dare say shareholder abusing their voting rights? If the Director not voted in, he is out!
If you think you can get sufficient vote, then table EGM.
Basic law also don't know. Not fit to be CEO !!

Buy good company cheap, I like it.
Good share doesn't come cheap. But when market crash, bad share drop, good share also drop. It is always when market crash that you can get good value for your money.
The problems are:-
1. How do you define good share? What are the criteria to qualify your good share?
2. How do you evaluate value of good share to form basis of buy cheap
3. How do you accumulate good share (buying strategy)
4. When is the best time to start buying (always remember lesson learnt during 97/98 crash)
5. Exit plan

Right now the most important thing to consider is the risk factor in investment cycle clock. I am of the opinion the peak is over. The market can only move south. It is safe and prudent to keep more cash or park your money in REITs to wait for opportunity.

Land cost in Singapore constitute 60% of total cost of development. In Malaysia it is between 20 to 30% unless you convert from your agriculture land. EW bought land at prevailing market price. So land cost is non competative at all, moreover EW will have to service interest and principal repayment. What can you expect? Call for private placement, right issue or property SPAC.
Tan Sri Lew is not God, he cannot turn water into wine. There are many better buy in the market. Why must you buy EW?

If you are so good, why should you waste time conducting courses?
Do you want to garner big group of followers so that when you sell, they will be the one who support the counter?
If you buy together with your followers, you will be competing to buy at higher price.
Then come to selling, you will be again facing stiff competition from your followers that using the same technic.
If you promote the counters, and you don't buy, where is your integrity?
If you promote certain counters, and market turn against you, you will be cursed.

So, really good sifu should make money easily and consistently. Need not ask for paltry fee from course attendees, need not waste precious rest time.

May God bless you course participants.

WTI down, USD up. SKP can go up?

Malaysian Marginal oil field operators going to lose their pants. Could SKPetro one of them?

Sources of income inequality easily obtained from income tax department (HDN) and EPF.

Different categories needed to make meaningful comparison:-
1. Wage earner
2. Self employed like hawker
3. Businessman

Household income carry less accurate picture compare with individual income. Reasons:-
1. Single (male/female) staying separately from parents
2. Young couples both are working
3. Working children staying with parents

You see, one person working it is definitely earn less than two working.
Moreover, household income changes when new family member start working or retire.
Today the household income could be 200k.
If one child start working tomorrow and adds 50k, Household income then is 250k.
If one retire, household income becomes 100k.

USD is now 3.34 to RM. I believe every hedge fund managers see USD going to strengthen further against ringgit. SKPetro is not going to be the only facing selling pressure. Later you will see one by one foreign fund favorite will suffer same fate.

Really need rocket science to understand

No surprise is the norm for REITs investment. You can safely predict how much DPU accurately. Having 'surprise' will kill you.

Current price 1.53, your TP 1.43. Do you suggest sell?

US stock market total capitalisation is at 203% of US GDP now, very close to 206% just before 1929 crash. What does it means?

When Lehman Brothers collapsed, gearing was 27 times.
Gearing for FED is 77 times right now!

World market going to collapse in 2015.
Jim Rickards: IT HAS BEGUN IN AMERICA! (OCTOBER 2014)
http://www.youtube.com/watch?v=Le73sWDlhz4