Hi paperplane, great to see you again.

Dear Mr Edward & Leoting,

Thank you for all your contribution & insight views towards the steel industry & development in Malaysia, many including me have benefited from your great & fantastic sharing.

From your conversations, all the steel millers prefer go for export nowadays.

May I ask on the following:

1. Price for exported steels Vs local selling price
Will millers get higher export price if compared to locally sold price

2. Possible/percentage of export Vs local sale.
Any idea of how much is now being exported, roughly or generally?

Thank you in advance.

Dear Mr Edward & Leoting,

Thank you for all your contribution & insight views towards the steel industry & development in Malaysia, many including me have benefited from your great & fantastic sharing.

From your conversations, all the steel millers prefer go for export nowadays.

May I ask on the following:

1. Price for exported steels Vs local selling price
Will millers get higher export price if compared to locally sold price

2. Possible/percentage of export Vs local sale.
Any idea of how much is now being exported, roughly or generally?

Thank you in advance.

Forget to say, Thank you!

Keep up your good works, guys, especially leoting & Edward, your sharing are important to the whole community. I personally learn a lot from you all.

Don't be discouraged by some baseless accusations or comments.

May all be blessed with good health & prosperity from this coming steel boom.

Mr Ooi, many are still with you, good people will have the supports from good people.

Beside that, congratulation to you, probability, WELL DONE!

I am learning WW now, read more talk less

Great job by WealthWizard, thanks for sharing

Do I make loss in OldTown? Not really, my entry cost is 2.70, so I only lose my opportunity cost for my money invested in this OldTown. Time will tell.

So, that's it, I call it a day & wish all good luck. I will still come but won't do any further. Bye!

VS, Aeoncr, Ann Joo, prestar & Engtex which under my watchlist are doing good even though I didn't buy any of them.

It means sun continues to raise & earth continues to spin no matter what!

It means stock price will go up no matter what as long as business delivered results!

I have been thinking myself what if I don't comment or active in the forum, can I still make money? The answer is yes.

I bought AWC 0.94 & sold all 1.04
I bought masteel 0.945 & sold all 1.08
I bought frontken 0.26 & sold all 0.285

I have been thinking also will coldeye not making money in stock market if he do not participate actively in i3? No, coldeye will continue to make money without asking anyone to buy any share because he knows the winning formulas.

For whatever reasons, all of these good people have been attacked continuously. Sometimes I will think is it worth to face all these kinds of condemnation?

OTB & kcchong are conducting their businesses, so these are part of the business. Though sometimes it is very difficult to accept unreasonable comments from others, because all the attackers are hiding behind IDs without identities.

For icon8888, paperplane & calvin tan, they are true man with strong mentality. They still what they are since I joined here, truly admire them.

I have been thinking long time about sharing in i3, I made good amount of money that I would never imagine since after joining i3 community, I have been lucky enough to made winning strikes over Gadang, Mycron, Ekovest & Cab, one after another in the span of 1.5 years.

I feel committed to return back for what I gain from the sharing of many good people here, including icon8888, otb, kcchong, calvin tan, paperplane, wealthwizard & many others.

But I have been observing the treatments received by them all the time & how big guns like coldeye & KYY position themselves in stock market & community.

Thank you for understanding, guess1978, ginvin & FLINV, but the true fact is up is god & down is conman. I accepted it.

I will accept whoever say I was blind enough for not seeing it IF you tell me you wiill foolow they buy & sell, simple as that

Problem is, why never see you buy when any of these "big" investors buy? And now come here to knock your empty tongs to show your far sighted ability to say: SEE, I TOLD YOU ALREADY

Or may be should say this: SEE, NO WONDER THEY KEEP SELLING LAH, ARE YOU BLIND NOT TO SEE THAT?

For substantial shareholders disposal, they are not directors nor connected closely to the management, they are just one group of foreign investors.

If you really value them so high, please just buy when they buy & sell when they sell.

Don't try to be clever now to say: You should have sold it because they keep selling.

Same thing apply to kwsp, tabung-tabung, please follow them closely to do the same, buy when they buy & sell when they sell, then you will surely make good profit.

Not to imply anything, both Ann joo & masteel have delivered fantastic results but still drop more than 6% the next day of QR released.

If I am fortune teller & know everything including future results & how share price moves, I should have sold above 3.40.

What a day, now in Ipoh on the way to Penang, come here again tonight

The cafe chain is not sexy, the only growing section will be Selling of coffee powders

Penta has slept even longer period, I was struggling when price droped from 0.87 to 0.74, I sold it & keep reminding myself now to trust my judgement & not by price movement. But sometimes it is just not easy. I am still learning after so many years in stock market.

"Sell" ID always appears when price fall

haha

I think even less % for F&B section

Please take note that muslim/malay only contribute 25% of cafe chain sales

They are not directors nor insiders, they are just foreign investors investing in Oldtown via a foreign fund management.

No, surely no, BN bro, if they eat after buka puasa :)

I have followed tmall everyday also, the item sold by tmall has run out of stock, so you don't see the item any more, the new item will be new stock, the monthly sales start counting again from zero

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rkgfantasy i just sold all oldtown unit.. mainly due to Paparich got official shop at tmall, oldtown tmall shop alway get complain about con case...
now tmall top 1 is paparich, second is oldtown, third is aik cheong i think
26/05/2017 10:01

I know the figures inside out of oldtown, because I read it almost everyday, I welcome more insights from different angles to avoid blind spots.

I am not trying to manipulate or twist the fact, but please talk with substance when discussing.

Please be reminded I have admitted I was wrong in predicting the profit, I accepted that.

To cut it short, you may want to know what IF I was right:
http://klse.i3investor.com/files/my/blog/img/bl2510_oldtown_what_if.jpg

I accepted that my prediction on profits in the latest quarterly report was wrong & way too far.

I was wrong for I was unable to predict provision for doubtful debts of 4.76mil & extremely high purchases of trading goods & consumables of 22mil (I expected 15mil)

If exclude these 2 surprises, I was right. But now I was wrong, I accepted that.

Thank you, AKUMAUKAYA & KLCI King

the result do not match with what expected by many, including me, because I expected at least 4.1 cents, I accepted it that I was wrong.

If those think this oldtown is hopeless, don't buy & please avoid.
For those already in & want to sell, please decide for that's your money.
For those plan to buy when weak, also, please decide for your money

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I read through the reports & put down my analysis below, you can choose to ignore it & move on:

There are few points to highlight in the quarterly report.
1. Provision for doubtful debts - 4.76mil in cafe chain
2. Growth in China is intact - 18mil (4Q2016) vs 28mil (4Q2017)
3. Exceptional high purchases of consumables - 22mil

OLDTOWN - Surprising Result. But Is The Result that Bad?
http://klse.i3investor.com/blogs/moneymoney/123676.jsp

I accepted the fact that results is not good & price fall is definitely, but don't judge my words. I can always prove it

Now confirm that optimus9199 & skyz are both like to tell lies, read this yourself:

Stock: [OLDTOWN]: OLDTOWN BERHAD
May 25, 2017 03:26 PM | Report Abuse

Thank you for your kind comment, kee262, I have always collected when price is weak, I am not sure if it will get weaker or not, so I will only do it progressively.
http://klse.i3investor.com/files/my/blog/img/bl2510_20170525_15_02_01greenshot.jpg

I always advise fellow members to do their homeworks & make investment decision wisely & cautiously and not to follow anyone without doing analysis.

Skyz, are you blind?

Believe or not is up to you, pls avoid if you have blindly follow & without doing your homework.

I take it & accepted it for this is my money. I don't responsible for others. I have said it many times before.

My entry cost is 2.70 & I have said I accepted the fact it is not a good result, but I see the positives out of it.

At this price, why should I sell? My cut loss price is 2.44, I will sell when it reach my bottom line. Make your decision for your money

OLDTOWN - Surprising Result. But Is The Result that Bad?
https://klse.i3investor.com/blogs/moneymoney/123676.jsp

SSteel has delivered good results subsequently because of better industry conditions & selling price of steel products. The share price has gone up from 0.92 (not 0.91) to 1.73 today.

While cafe chain is expected to remain stagnant, F&B is expected to grow due to China market.

Can the point 1 & 3 be overcome in the coming quarters? These will be decisive factors to move the price up or down in the longer term.

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1. Is provision one time or recurring? I don't know, we'll see.

3. I expected purchase of merchandise & consumables to be ranged 12m-15m, but it registered 22mil. Is this 22mil a new norm or delayed purchases from Q1? I don't know, we'll know next Q.

The market had responded the disappointment in share price of SSteel, it will happen to Oldtown too, nothing to hide.

The similar situation happened to SSteel in last year August when SSteel released its QR with a shock of 141mil PPE written off, share price drop from 1.02 to 0.91.

https://cdn1.i3investor.com/my/files/dfgs88n/2016/08/22/1484866692-1942499298.pdf
(Page 11)

We can't change what has already happened, fact is fact, but let do some simple calculation for fun, just click on the link to view it yourself, after all, still not too bad, right?

http://klse.i3investor.com/files/my/blog/img/bl2510_oldtown_what_if.jpg

My Questions are these:
1. Is provision one time or recurring? I don't know, we'll see.

2. Asian F&B sales in 3Q for past 2 years were high due to Singles' Day (光棍节) sales, it is normal to see a drop in subsequent Q. YoY sales have improved.

3. I expected purchase of merchandise & consumables to be ranged 12m-15m, but it registered 22mil. Is this 22mil a new norm or delayed purchases from Q1? I don't know, we'll know next Q.

First fact, tomorrow sell down is unavoidable, because the result do not match with what expected by some people, including myself. So, you decide for your money & I take care mine.

There are few points to highlight in the latest quarterly report.
1. Provision for doubtful debts - 4.76mil in cafe chain
2. Growth in China is intact - 18mil vs 28mil
3. Exceptional high purchases - 22mil

http://klse.i3investor.com/files/my/blog/img/bl2510_oldtown_segment.jpg
http://klse.i3investor.com/files/my/blog/img/bl2510_oldtown_pl.jpg

The major surprise in the report was the provision for doubtful debts of RM4.76mil.

Even added back the non tax deductible provision, the adjusted profit after tax will be RM14.487mil, still short of last year's quarterly of RM18.358mil

成王败寇，win means win, lose means lose, result is hardcore fact, I accepted that, thank you & sorry

Speechless