Dear SANG,

Agree with you, do you mean if we buy pantech and hold for a period until the price up is it?

Dear all,
Current asset (cash) for Pan tech is increase since year 2011 until 2013, is it mean Pantech accumulating cash? If compare Pantech's current liabilities (short term borrowing) for year 2013 (235 million ) vs Pantech's current asset year 2013 (491 milion), is it mean Pantech liquidity is good?

Dear all,

Pan tech annual dividend is about 4.6% (RM0.012x4/RM1.03), am I right?

Dear all,
If compare EPS Q1 and Q2 for year 2012 and year 2013, it is not much difference. Is it why TA, RHB, advice pan tech TP above RM1.40? Sifu KC and bsngpg, are you in this forum? Any advice? Thank in advance.

Dear all,
Pan tech is a fundamental stock that pick by kcchong, after I analysis this stock I found that the fair value for this stock is RM 1.17 if base on its Q4 report on Feb 2013 where I assume it's fair PE value is about 10. If I base on the fair PE value at about 15, then the fair value for this stock is about RM 1.76.What do you all think?

Dear bsngpg,

Thank for your advice, I will go to get the book soon. Thank you

Dear kc,

Oop..may I know what FA and TA stand for?

Dear kc and bsngpg,

Thank for your advice. For your kind information, I prefer investment rather than trade (70 % vs 30%) . May I know is it you are in the same group? Btw, I can understand Chinese well but if typing in Chinese , I need more time.

Dear kc,

Sorry, you all ready mention your methodology of investment already. I will try to understand your post slowly. Please do not mind if I ask you to explain if I can not understand. Thank in advance.

Dear all sifu,
Thank a lot. Look like I need a lot of time to study. Once I finish research and study then I lost the changes to invest already. Ai..no pain no gain I need to work hard. Hope that all the book as per mention easy to understand . Anyway, as bsngpg sifu said, if KC sifu can help us to simply the methodology it will much appreciated. Thank you.

Dear kc,
Thank you, can you advice other methods to calculate fair value of a stock? Thank in advance

Dear KC,

Oh... I understand already, is it after add in all the risk factor the PE increase from 8 to 15.3.? If base on PE 15.3 then the fair value is 15.3*0.05=RM0.76 where 0.05 is EPS for FIBON. Am I right?

Dear bsngpg,
今天FIBON的PE是0.435/0.0501 = 8.7
那么多少的PE才是合理的呢？
有人说，只要它比定期存款的PE低就是合理的了。
定期存款也有它的PE吗？当然有。
那么现在定期存款的PE是多少？
今天定期存款的利息是3.7巴仙。1.00令吉的存款一年只能赚0.037令吉。
所以PRICE＝1.00，EPS=0.037。
PE = PRICE / EPS
PE = 1.00 / 0.037
PE = 27
所以今天定期存款的PE就是27

但如果以定期存款的PE做比较,那就很多stock in malaysia PE 低过27. 那我要怎样pick good stock？

Dear KC ，

From your post as below, may I know why Fair value of Fibon = 15.3*0.05 = RM0.76 what is 0.05 mean? If FIBON PE 15.3 as your analysis, is it mean our return only 2.85% base on today FIBON price (0.435/0.0285=15.3). If base on FIBON PE 8.7 then return is 5.4% (0.435/0.0543=8.7) and fair value of FIBON =8.7*0.05=0.435. Please advice if I am wrong. Thank in advance.


"Basic PE for Fibon with a growth of 3% and a dividend yield for last year of 3.9%,

Basic PE = 8 + 0.65*3 + 3.9 = 13.9

Business risk: Fibon’s business has high efficiencies with high return of assets of 16.4% and high return of capital of 46%. Cash return (FCF/IC) is also great at 26%. Hence there may a good moat in its business. An arbitrary 5% premium is applied to its business risk.

Financial risk: Fibon has a very healthy balance sheet with no debt. Hence a premium of 5% is applied.

Earnings visibility: Fibon has quite stable and high operating profit margins of 39%. Its cash flow from operations is also stable though they are slightly below the net income. As it is a small company, no premium nor discount is applied.

Hence the absolute PE for Fibon is:

Abs PE = 13.9* [1+(1-95%)] *[1+(1-95%)] * [1+(1-100%)] = 15.3

Fair value of Fibon = 15.3*0.05 = RM0.76"

hi

I think LBS can buy, this share is going to give dividen on 01-10-2013