by kcchongnz > Jun 6, 2019 12:00 PM | Report Abuse

X1 = Working Capital / Total Assets
X2 = Retained Earnings / Total Assets
X3 = Earnings before Interest and Taxes / Total Assets
X4 = Market Value Equity / Book Value of Total Liabilities
X5 = Sales / Total Assets
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kc


chicken or egg? which comes first? good business or good scores?
what does one or two bad years do to all the scores? do the scores affect the business or the business affects the scores?

how good is it as a forecasting tool? assuming zero knowledge of the business.


investing is participating in the growth of excellent business. At the end of the day, it is still good business ( sense ), good management and good numbers in this order, not the other way round.

in the hands of people who are not ready, it is easily transformed into half tong water. Seeing the trees not the forest.

As Buddhist like to say, cause and effect.....but which is cause which is effect? chicken or egg?

and reliability of the tool?

Buddhism very useful...........With Buddhism, meditation, can see things clearly, can be enlightened,

not deluded.

Wall Street is living in a grand delusion.

so ss....now u have a new category to play with ...its called z score traps............

kc...nothing worse than half tong water.....second worse is running fire enter devil.

in any case, its just a tool, a financial ratio,

kc.....................high Z scores....I would assume all cash rich companies have high z scores,
other companies with high z scores.......companies in matured industries, companies over the hill, companies worth more dead than alive, companies with lousy growth prospects, companies with Directors without ambitions, companies investors call value traps..........and prominently in last few years, red chips with manipulated accounts.



so, kc....how about a new category called Z score traps?

y 3iii > Jun 5, 2019 8:28 AM | Report Abuse

After losing 80%, icon is more cautious / risk adverse.
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at the bottom icon probably down 30% from the peak...by now probably back to historical peak or near............but I would not know, I am not his broker.

kc.....................high Z scores....I would assume all cash rich companies have high z scores,
other companies with high z scores.......companies in matured industries, companies over the hill, companies worth more dead than alive, companies with lousy growth prospects, companies with Directors without ambitions, companies investors call value traps..........and prominently in last few years, red chips with manipulated accounts.



so, kc....how about a new category called Z score traps?

well speak...the daily ups and downs of wall street do not change my basic opinion that the Trump wars are a disaster , that Wall is far too pro Trump even now, and they are wrong...............Wall Street is dominated by high frequency trades , not by truths / wisdom.

calvin....but I did buy Jaks and Sendai after KYY sold all his Jaks and Sendai........
KYY very kind chap.....

calvin..those who wear religion on their sleeves suffers from
" half tong water church " or too obsessed suffers from
" running fire enter devil church"

which one is u?

calvin..those who wear religion on their sleeves suffers from
" half tong water church " or too obsessed suffers from
" running fire enter devil church"

which one is u?

as for Philip. Philip is Enlightened Buddha for this forum.

kc...like I say, I am a pro....any thing also I do, good bad ugly also I do.......

but for novices, stick to quality, low turnover should be better than your value here, value there, Z score here, Z score there.

I would not recommend novices to follow me or even bother what I do. I do not wish to be responsible for anybody but me.

As a pro, selling ( and indeed buying ) is only a click away.

maybe I can associate calvin with Half Tong Water Church.

and kc...quality shares are those that fit the 3 tests - its business ( sense), its management and its Z scores and other scores in that order.......... and fit the definition, investing is participating in the growth of excellent companies.

kc...like I say, I am a pro....any thing also I do, good bad ugly also I do.......

but for novices, stick to quality, low turnover should be better than your value here, value there, Z score here, Z score there.

u think u speak up it will up?

short..........it is just my opinion. 12 months from today, Dow will be much lower than today.

goes to show, those wall street players, not that smart one.

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Ooi Teik Bee > Jun 5, 2019 10:47 AM | Report Abuse

When market is not good,
ciaksai and group will come out to attack.
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does that mean in your universe no bear market?

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for this year at least, I notice icon not bad.....Icon has his contrarian approach, sufficiently cautious esp in view of trade wars.....Contrarian pick of Jaks at 50 sen is excellent choice, MBM, BIMB delivered in terms of earnings ....and Canone was an excellent pick as I always knew those people at Canone are grand masters.

for novices, stick to quality is probably the best advice.

and quality is some thing people will recognize when they see it., if they have a head for quality/ and for investments.



Investing is participating in the growth of excellent companies. Every thing else is speculations/ trading. Proper definitions are important. Proper definitions helps to make money, avoid losses.

for pros like me, I do every thing, any thing, good , bad ugly also I do.

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they are the grand masters..............

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aka judgements. To be in the present at all times, to see things as they truly are, to make proper and accurate judgement.....calmness, meditations, happiness...



it helps....Zen trading...can meditations helps to make money? Give it a try.

EngineeringProfit One has cognitive flexibility ....
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aka judgements. To be in the present at all times, to see things as they truly are, to make proper and accurate judgement.....calmness, meditations, happiness...it helps.

at the beginning levels, people suffer from half pail water, like the young monk, for others, they suffer from running fire , or too obsessive.....

but if you are at the level of the old monk, you are enlightened, Buddha nature.


pre frontal cortex, modern science has confirmed that prefrontal cortex of regular meditators are more advanced than normal.

very good

well, I think they are better ways to cari makan than to pretend to be deities and take people to holland and to rush people who are not yet ready.


like u for instances, sslee...u are a novice and not yet ready,

I rather harass people who give subscription service and pretend to be deities

no its a harassment job by sslee.

I don't discourage people from buying quality shares.

Calvin thinks he needs to discourage people from quality shares so calvin shares can go up.

calvin...EPF would not buy any of your shares....how?

calvin....none of your shares good enough for EPF to buy............

calvin....none of your share good enough for EPF to buy............

calvin....none of your share good enough for EPF to buy............

EPF will buy quality.

y chinaman > Jun 3, 2019 5:31 PM | Report Abuse

loans supposedly to build cowshed....................got $ 200 m cowshed meh?

because what is offered is all lies.

One day up 15 sen, 2 days give back 11.5 sen...they call it dead cat some thing.

Malay dilemma

in China the poor becomes become businessmen, ........

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t2 or t7 no difference.