hehe, time to collect from holland ppl who sell

That's the problem. Why cash not reflected as cash and hidden into receivables

I have told you all to avoid. Buy only near 0.40

Noby, i like piotroski score also. So far the best to evaluate, but it has to be applied across 5yrs at least. Sometimes, one or 2yrs can be misleading, like huayang. And also have to be applied together with gross profit margin. I notice some case piotroski score beautiful, but profit margin keep dropping year by year.

Actuallu the latest version of intelligent investor has highlighted the weakness of using editda, ev. Warren buffett himself argue also, is not tax not something you have to pay also. Why not include in calculation.

If i read correctly, the profit is not real cash. It is just receivables.

tHE CASH FLOW JUST dont look normal for this IQ Group

can goes back 0.70 anytime! Export stocks

buy all furniture stocks

overvalued, assets remaining nea rRM0.40 only.

Hi Kc,
I have another more crazy example-IQGroup.

EY=33,000/133,927=24.6%
ROC=33,000/96,226=34%

But the operational cashflow is in negative, which doesn't make sense to me.

so you will use net working capital deduct away cash?

Also, dangerous using such valuation method is we have assume trailing 12m to be consistent if we are using 3m, or 6 m figures. For some business, due to nature, the might have higher due 1H, or 2H. I would prefer to assume some discount also.

KC, I refer back to your formula, a bit confused, YOur Capital=Total Fixed Assets+Current Assets-Current Liabilities. Am I correct on this? as Net Working Capital=CA-CL

But since Total Assets=Total Liabilities+Equity, would it be more fair if we just use Total Assets as the denominator in calculation to be conservative? As I read from Joel's book also, ROA is more of a fairer to count ROIC, as you employ your Capital(Equity)+Liabilities together to generate that profit.

still undervalued, if land sold, more than RM0.50

Hi KC,

I was using TeoSeng as my study example.

Result I get for EY, ROC as below

TeoSeng-12m trailing assume EBIT=61,349/EnValue=432,663=14%
ROC=61,349/167,905=36.5%

Great company indeed?

Wow, aggressive.

At least we know later Q1 sure good profit loh

One way ticket to holland.

TP, max0.45

where got mark Chang resign. Simply ciakap Saja. Then mark team obliged to serves another 12m. So hardly move loh. Thus, temporary avoid loh

kumar trap soon

Leno think he Bluddy clever.

Someone telling truth

Last buy back 0.28 only. Use your mind to think

Loss making, wonder why

Wellcall

Post removed.Why?

Post removed.Why?

Post removed.Why?

Both fat cat Loh. Son useless, daughters all bimbo. All go do boobs surgery, want to marry rich husband, their news more interesting than their dad.

Julian, lose your pants wet wet here? Haha

No fund mgrs like VT stocks? Hahaahah. I know a lot of fund managers specially like his stock, they load up lots of Bjfood, Bjauto, SEM. You know why? His companies create value! Bjfood nearly triple now since IPO! Same to Bjauto, so you think fund mgrs stupid?

If not wrong, VT son or cousin worked with Goldman Sachs before, they know very well which companies are valuable, win win situation. So far I see in BjCorp and Bjland with so many foreign investors, even more than Genting group.

Bjland just cancel the nego of selling China mall, some other plans?

Maybe can have some exporting stocks. Too focus on property, which is bad in 2015

Sorry, is 72%, very near 75%

Bland is now 60%over by vt? So? Another privatising coming?

Vt want to privatise?

Vt alredi know big profit from bland coming.

I buy even at 0.50 earlier. Nothing to worry. Waiting patiently to rip profit.

Well, it depends whether there is hedge against r8nggit fall.

Let the party begin.

RM0.43 coming??

volumes big come normally afternoon session

coming quarters should see positive contribution from property! In Andre the beautiful lady I trust

with so much volumes changes hand, something big is coming!

That's why you see so many legal case here and there. They want the fat cat die. Then all the wolves come eat the FAT CAT until bone left.....

Yes, RHB got RM200m over up front, such a great deal

everyone waiting the company collapse and eat his lands....

StockRaider,CalvinTan,JohnMaster. All I salute.