Unusual Items affecting assets, liabilities, equity, net income or cash flows. There were no unusual items that affected the assets, liabilities, equity, net income or cash flows of the Group for the period under review except as disclosed below:

The results of the insurance subsidiary company for the period ended 31 March 2015 were affected by an increase in its provision for Incurred But Not Reported (“IBNR”) claims and Provision of Risk Margin for Adverse Deviation (“PRAD”) by RM49,150,000.
The increase was due to the extra conservative approach taken by the insurance subsidiary company’s newly appointed actuary in estimating the provision for IBNR claims and PRAD as at 31 March 2015, compared to the estimation performed by its former actuary which was still within the acceptable range. All appointments of actuaries were approved by Bank Negara Malaysia (“BNM”).

Despite the extra conservative approach used in estimating the provision for IBNR claims and PRAD, the Capital Adequacy Ratio of the insurance subsidiary company is still above the Internal Target Capital Level approved by BNM.

@inwest 88 - Thanks for the tips! I will check it out :)

Thanks everyone for your input & sharing!

Hello everyone - sorry for the late response, I am currently working overseas for a few short months so there's a time zone difference - I certainly do not mean any disrespect & the only reason I reached out is out of respect to the many experience investor outside :)

Thanks for all the advise given - certainly it will be a good guideline along the journey!

Interestingly speaking, I generally like companies which are in net cash position (though some shares I currently own is not in net cash position) - what are your thoughts about net cash company? Do you think its the right strategy ; or the company is simply not utilizing their fund more effectively to source for growth?

Once again - deepest appreciation for the selfless experience sharing

Good day everyone,
As a starter in KLSE & believer of value investing, I have over the last 1 year invested in several companies in KLSE which I think there's value in it.

I have invested in Tecnic, CIMB, Engkah, P&O, UOADev, WCT, Mudajaya, CBIP.

OVer the last 1 year, my portfolio as a whole yield a mediocre 3% return only. I would like to ask my fellow investor on the forums, am I missing some key understanding in achieving more returns?