Good job for the systematic calculation!

According to this website, power tariff is 0.50 per kwH.
http://www.doingbusiness.org/data/exploreeconomies/vietnam/getting-electricity

@HJey, do you the distributor of other bottled water such as cactus and etc.? Just curious, hehe. Always good to know more, can associate daily things with investment is the easiest comprehensible investment I think.

Hi @kcchongnz, I am interested in your web-based course as well!
achilles_hee@hotmail.com

Thanks very much! =)

@Icon8888, I did bought in seeing the water and O&G business, and P/E is only around 7. I thought that is too cheap man

@upsidedown119, i see what you mean. suppose it is true, then hope that the business is sustainable one..
it has been a test of faith holding Puncak don't you say..

http://www.thestar.com.my/Business/Business-News/2014/03/12/Act-paves-the-way-for-Selangor-to-take-over-water-concessionaires/

Hi @upsidedown119, what is your opinion? under this situation, will Puncak get any benefit?

@Lim AS, thanks for the info.. what a sad sad case.. minority interest got shelves away..

opps... @Tan KW, sorry i knocked the door d..

Hello @Tan KW, could you pls send to achilles_hee@hotmail.com , many thanks~ have you finish all 4 books? for FA, which book is an absolute recommend?

Opps, I meant to say, TEBRAU is a hype cuz of Iskandar.. I mean I will really be blown away if the company can suddenly earn so fast so much that could justify P/E of 87 (thats 1.15% earning yield man)...
Good point @SJSOON and @Abundance, my friends work in industrial construction company mainly around Iskandar, like @SJSOON said, all is sold out there especially industrial..

@SJSOON, good points, I second that. speaking of which, TEBRAU current P/E is 87.5 backed by 1.77 EPS, that is quite staggering really, thanks to Iskandar hype.

@SJSOON, totally agree with you, it is undervalued. Profit margin twice that of other big players, low P/E (<10) for a 3 billion market cap company, DY is good compared to peer, <1.5 P/B. even with share issuance, as long as they boost income (which they did), per share data will still be beautiful..
However, analyst target price is quite low, as if they expect UOADEV to have low P/E forever.. perhaps UOADEV does not involved directly in Iskandar Johor thus missing the "Iskandar factor"? what do you think?

as for Iskandar,i doubt it will replace Klang valley for its financial, industrial, residential center of country..so Klang valley will continue to pull ppl in, so i see no worng in their strategy.

cheers @kcchongnz, thanks for the spreadsheet and ROIC explanation, i got it now..

Hi @kcchongnz, if you don't mind, could you send a copy of your FA worksheet to achilles_hee@hotmail.com? Many thanks.

I have hard time calculating ROIC actually, according to morningstar definition you based upon, ROIC=NOPAT/IC
The issue is how to judge IC (invested previous year) like you do..
Can I interpret it as
Total asset -
(free cash flow at the end of last year?) -
(non-interest bearing current liabilities ex:payable, provision, deferred tax) - (other liabilities ex: pension fund etc.?)

i like the financial report, shows a very transparent company with shareholders interest comes 1st.. short term not sure but long run what a good company!

thanks @kcchongnz, i get your logic.. thanks for sharing..
yeah, if it is really good company with lasting moat, PE 20 sounds cheap..

hi @kcchongnz, i really like your analysis with figure and i am a fan of value investing as well.. About PE ratio <20, I know this is used as a rough guide on whether a stock is overprice.. but isn't small and mid cap company average PE ratio don't get that high? during bull sure all inflated.. but wat PE do you reckon is realistic for small cap, mid cap, growth company? thanks..

thanks man @usry for sharing..

hi @usry, recently i keep heard ppl say hold until "september", is there any special reason for "september"? something major gonna happen?

Lowchinsin, ya saya setuju dengan anda! terutamanya yang berpendidikan dan tidak bergantung kepada media tradisional akan sedar bahawa dasar BN akan kekal gagalkan negara!

because i saw from Alliance IB, their top pick is Kossan..

Hi Alex, will the whole rubber glove industry benefits from this or is it only TopGlove and Kossan? if only these 2 will, why? could you share with me?

why not invest through fundsupermart.com.my? 0~2% sales charge instead of the usual 5.5%, has many analysis, get to choose from different fund houses too.. well true some mutual fund really kanasai and loss making.. just buy those with the BEST ranking: leader in return, consistent, and preservation! =)