Hey guys thanks for your feeback. I'm hoping to write more but unfortunately do not have the time in recent weeks. Will try to write whenever I can!

More like a train going slowly on a scenic route in Europe. Just sit back and enjoy.

moneySIFU I also believe export stocks are oversold due to strengthening of Ringgit in previous few months. Now that Ringgit drop again, I think export stocks might have the potential to rally again.

All thanks to greed and fear of investors!

Dividend added:

1) Poh Huat - 12th May - Final Dividend 2 sen - http://www.klse.my/entitlement/117188.jsp

valueinvestor99 Thanks for the heads up and good luck to you too!

YTD price increased by 21.7% based on current price. Not bad!

Average top 10 buy & hold self-managed performance YTD: 7.71%
Average top 10 non self-managed performance YTD: 4.56%
FBMKLCI:IND performance YTD: -1.17%

Top 5 Unit Trust based on YTD performance (Source: http://www.fundsupermart.com.my/main/fundinfo/compareFund.svdo?sectormaincode=EG&sectorareacode=FEY)
KAF Core Income Fund: 5.03%
Hong Leong Dividend Fund: 2.92%
InterPac Dynamic Equity Fund: 2.27%
Eastspring Investments Equity Income Fund: 2.13%
Public Optimal Growth Fund: 1.75%
02/05/2016 23:21

Top 10 performing stocks from the top 10 buy & hold portfolios from self-managed:

1 AAX 88.69%
2 EKIB 56.44%
3 AIRASIA 47.29%
4 MIKROMB 28.44%
5 SCIENTX 27.90%
6 TMAKMUR 19.29%
7 TEKSENG 17.82%
8 PADINI 16.82%
9 SUNCON 15.44%
10 OCK 15.28%

In comparison with top 10 non-self managed portfolios:

1 Kh Neoh Stock Pick 2016 - Kh Neoh 100,000.00 9,401.01 9.40%
2 nicholasnwh90 Stock Pick 2016 - nicholasnwh90 100,000.00 7,973.76 7.97%
3 mrk2ca Stock Pick 2016 - mrk2ca 100,000.00 5,059.93 5.06%
4 Mr. M Stock Pick 2016 - Mr. M 100,000.00 4,483.06 4.48%
5 Tan KW Stock Pick 2016 - Tan KW 100,000.00 4,173.98 4.17%
6 gohkimhock Stock Pick 2016 - gohkimhock 100,000.00 3,117.56 3.12%
7 alpha investor Stock Pick 2016 - alpha investor 100,000.00 3,019.21 3.02%
8 I_like_dividend Stock Pick 2016 - I_like_dividend 100,000.00 3,018.47 3.02%
9 Haziq Nazri Stock Pick 2016 - Haziq Nazri 100,000.00 2,714.20 2.71%
10 jjunie Stock Pick 2016 - jjunie 100,000.00 2,624.45 2.62%

Top 10 buy & hold portfolios for self-managed:

1 ShareToCare http://klse.i3investor.com/servlets/pfs/54136.jsp 18.88%
2 vews08 http://klse.i3investor.com/servlets/pfs/54322.jsp 16.42%
3 fyh30 http://klse.i3investor.com/servlets/pfs/53950.jsp 7.85%
4 Heilong http://klse.i3investor.com/servlets/pfs/53965.jsp 7.67%
5 happy1983 http://klse.i3investor.com/servlets/pfs/54023.jsp 5.22%
6 coolpau_0204 http://klse.i3investor.com/servlets/pfs/54038.jsp 4.93%
7 Limkhaiyee88 http://klse.i3investor.com/servlets/pfs/54332.jsp 4.55%
8 phchin http://klse.i3investor.com/servlets/pfs/54028.jsp 4.46%
9 secret1q http://klse.i3investor.com/servlets/pfs/54179.jsp 4.36%
10 shinado http://klse.i3investor.com/servlets/pfs/54452.jsp 2.74%

Portfolio can't be found anymore:

tkhe1313 http://klse.i3investor.com/servlets/pfs/54290.jsp N/A
Hierarch Artanis http://klse.i3investor.com/servlets/pfs/54124.jsp N/A

Still 0% return because did not put in 100k as starting capital:

ckliew88 http://klse.i3investor.com/servlets/pfs/54225.jsp 0.00%
devils95 http://klse.i3investor.com/servlets/pfs/54564.jsp 0.00%
i4investor http://klse.i3investor.com/servlets/pfs/54016.jsp 0.00%
Ivan Lim http://klse.i3investor.com/servlets/pfs/53313.jsp 0.00%
LHA0725 http://klse.i3investor.com/servlets/pfs/54517.jsp 0.00%
sherlock http://klse.i3investor.com/servlets/pfs/54186.jsp 0.00%
tehsk http://klse.i3investor.com/servlets/pfs/54092.jsp 0.00%
tyz1994 http://klse.i3investor.com/servlets/pfs/54534.jsp 0.00%
Yeow Gary http://klse.i3investor.com/servlets/pfs/53801.jsp 0.00%

61 TaurusGroup http://klse.i3investor.com/servlets/pfs/54599.jsp -10.25%
62 Oil_n_Gas http://klse.i3investor.com/servlets/pfs/54530.jsp -10.68%
63 yong115 http://klse.i3investor.com/servlets/pfs/54526.jsp -10.92%
64 Awakens1 http://klse.i3investor.com/servlets/pfs/54320.jsp -11.08%
65 windcloud http://klse.i3investor.com/servlets/pfs/53952.jsp -11.12%
66 1giro1 http://klse.i3investor.com/servlets/pfs/53855.jsp -11.40%
67 ilike http://klse.i3investor.com/servlets/pfs/53829.jsp -11.53%
68 ahchan http://klse.i3investor.com/servlets/pfs/54210.jsp -12.17%
69 Probability http://klse.i3investor.com/servlets/pfs/54051.jsp -12.67%
70 Evertraveler http://klse.i3investor.com/servlets/pfs/54025.jsp -13.24%
71 papado http://klse.i3investor.com/servlets/pfs/54171.jsp -13.40%
72 winPLUSwin http://klse.i3investor.com/servlets/pfs/54508.jsp -14.10%
73 joe2703 http://klse.i3investor.com/servlets/pfs/54475.jsp -14.36%
74 coolio http://klse.i3investor.com/servlets/pfs/54128.jsp -15.09%
75 tonytonychopper http://klse.i3investor.com/servlets/pfs/54251.jsp -15.69%
76 eggtart http://klse.i3investor.com/servlets/pfs/54477.jsp -16.26%
77 Pakcik Saham http://klse.i3investor.com/servlets/pfs/53305.jsp -16.49%
78 yongfeng http://klse.i3investor.com/servlets/pfs/54208.jsp -16.64%
79 theinvestologist http://klse.i3investor.com/servlets/pfs/53954.jsp -16.65%
80 HH2004227 http://klse.i3investor.com/servlets/pfs/53914.jsp -17.07%
81 benson911 http://klse.i3investor.com/servlets/pfs/54293.jsp -17.08%
82 sglbg888 http://klse.i3investor.com/servlets/pfs/54100.jsp -17.43%
83 Justin Lim http://klse.i3investor.com/servlets/pfs/54170.jsp -17.66%
84 GreatSTOCK http://klse.i3investor.com/servlets/pfs/54287.jsp -17.85%
85 Jal 贾彬得 http://klse.i3investor.com/servlets/pfs/54316.jsp -17.87%
86 thomas8988 http://klse.i3investor.com/servlets/pfs/54381.jsp -18.21%
87 Warren8788 http://klse.i3investor.com/servlets/pfs/54369.jsp -18.25%
88 sexyturkey http://klse.i3investor.com/servlets/pfs/54082.jsp -18.37%
89 ss2020 http://klse.i3investor.com/servlets/pfs/54166.jsp -18.38%
90 xdar http://klse.i3investor.com/servlets/pfs/54460.jsp -18.62%
91 Yan_Chung http://klse.i3investor.com/servlets/pfs/54529.jsp -18.75%
92 wylee120 http://klse.i3investor.com/servlets/pfs/54021.jsp -19.36%
93 kwluffy http://klse.i3investor.com/servlets/pfs/54066.jsp -20.07%
94 simpleinvestor http://klse.i3investor.com/servlets/pfs/54556.jsp -20.54%
95 excelling http://klse.i3investor.com/servlets/pfs/54197.jsp -20.67%
96 ykkian http://klse.i3investor.com/servlets/pfs/54582.jsp -21.34%
97 ssjjssjj http://klse.i3investor.com/servlets/pfs/53973.jsp -21.37%
98 360Capitalist http://klse.i3investor.com/servlets/pfs/54338.jsp -21.89%
99 newbie18 http://klse.i3investor.com/servlets/pfs/54473.jsp -23.83%
100 khai97 http://klse.i3investor.com/servlets/pfs/53879.jsp -24.32%
101 Iphne4 http://klse.i3investor.com/servlets/pfs/54605.jsp -24.43%
102 ZJ ANG http://klse.i3investor.com/servlets/pfs/54341.jsp -24.44%
103 tengpk http://klse.i3investor.com/servlets/pfs/54098.jsp -25.55%
104 weltsont http://klse.i3investor.com/servlets/pfs/54117.jsp -26.40%
105 rosetan http://klse.i3investor.com/servlets/pfs/54054.jsp -26.77%
106 PlsGiveBonus http://klse.i3investor.com/servlets/pfs/54080.jsp -27.26%
107 Lam2738 http://klse.i3investor.com/servlets/pfs/54609.jsp -28.97%
108 SeanWall http://klse.i3investor.com/servlets/pfs/54304.jsp -36.18%

Update for end of April for self-managing portfolios:

1 Icon8 http://klse.i3investor.com/servlets/pfs/54604.jsp 35.51%
2 BN_menang http://klse.i3investor.com/servlets/pfs/54563.jsp 20.85%
3 ShareToCare http://klse.i3investor.com/servlets/pfs/54136.jsp 18.88%
4 vews08 http://klse.i3investor.com/servlets/pfs/54322.jsp 16.42%
5 pohef http://klse.i3investor.com/servlets/pfs/54112.jsp 14.96%
6 SuperMan 99 http://klse.i3investor.com/servlets/pfs/53854.jsp 13.24%
7 Bl3u09 http://klse.i3investor.com/servlets/pfs/54489.jsp 12.29%
8 cpo_ http://klse.i3investor.com/servlets/pfs/54606.jsp 12.12%
9 Ven Felix http://klse.i3investor.com/servlets/pfs/54699.jsp 8.53%
10 fyh30 http://klse.i3investor.com/servlets/pfs/53950.jsp 7.85%
11 Heilong http://klse.i3investor.com/servlets/pfs/53965.jsp 7.67%
12 happy1983 http://klse.i3investor.com/servlets/pfs/54023.jsp 5.22%
13 fast http://klse.i3investor.com/servlets/pfs/54035.jsp 5.22%
14 coolpau_0204 http://klse.i3investor.com/servlets/pfs/54038.jsp 4.93%
15 Limkhaiyee88 http://klse.i3investor.com/servlets/pfs/54332.jsp 4.55%
16 phchin http://klse.i3investor.com/servlets/pfs/54028.jsp 4.46%
17 secret1q http://klse.i3investor.com/servlets/pfs/54179.jsp 4.36%
18 shinado http://klse.i3investor.com/servlets/pfs/54452.jsp 2.74%
19 npznpznpz http://klse.i3investor.com/servlets/pfs/54154.jsp 2.07%
20 southwark http://klse.i3investor.com/servlets/pfs/53884.jsp 1.40%
21 cscwelly http://klse.i3investor.com/servlets/pfs/54110.jsp 0.10%
22 Cheng Li Ng http://klse.i3investor.com/servlets/pfs/53821.jsp 0.06%
23 necro http://klse.i3investor.com/servlets/pfs/54557.jsp -0.09%
24 angiegoh http://klse.i3investor.com/servlets/pfs/54131.jsp -0.09%
25 fayeTan http://klse.i3investor.com/servlets/pfs/54476.jsp -0.23%
26 veln82k6 http://klse.i3investor.com/servlets/pfs/54041.jsp -0.59%
27 dannyjie http://klse.i3investor.com/servlets/pfs/54029.jsp -0.62%
28 TAFFAS http://klse.i3investor.com/servlets/pfs/54285.jsp -1.21%
29 leelc70 http://klse.i3investor.com/servlets/pfs/54063.jsp -1.61%
30 musketeer88 http://klse.i3investor.com/servlets/pfs/54059.jsp -1.77%
31 Logic Trading Analysis http://klse.i3investor.com/servlets/pfs/54245.jsp -2.62%
32 bluefun http://klse.i3investor.com/servlets/pfs/54121.jsp -2.70%
33 Kai Yee Tan http://klse.i3investor.com/servlets/pfs/53619.jsp -2.90%
34 Goinvest88 http://klse.i3investor.com/servlets/pfs/54103.jsp -3.06%
35 wisdow_wy http://klse.i3investor.com/servlets/pfs/53967.jsp -3.26%
36 Ng Lian Giap http://klse.i3investor.com/servlets/pfs/54091.jsp -3.30%
37 Ricky Kiat http://klse.i3investor.com/servlets/pfs/54284.jsp -4.15%
38 John Lim http://klse.i3investor.com/servlets/pfs/54327.jsp -4.28%
39 GreenTrade http://klse.i3investor.com/servlets/pfs/54470.jsp -4.75%
40 samyew1234 http://klse.i3investor.com/servlets/pfs/53907.jsp -5.47%
41 Willie Ong http://klse.i3investor.com/servlets/pfs/53953.jsp -6.13%
42 kwaikun http://klse.i3investor.com/servlets/pfs/54236.jsp -6.15%
43 stevie http://klse.i3investor.com/servlets/pfs/54073.jsp -6.32%
44 wiseeye http://klse.i3investor.com/servlets/pfs/54411.jsp -6.43%
45 aikwais http://klse.i3investor.com/servlets/pfs/53500.jsp -6.52%
46 skygrass http://klse.i3investor.com/servlets/pfs/53933.jsp -7.20%
47 twobits http://klse.i3investor.com/servlets/pfs/54512.jsp -7.29%
48 Donald Bee http://klse.i3investor.com/servlets/pfs/54020.jsp -8.03%
49 arimolab http://klse.i3investor.com/servlets/pfs/54399.jsp -8.63%
50 buffett_jr http://klse.i3investor.com/servlets/pfs/53826.jsp -8.65%
51 Jeffbkt http://klse.i3investor.com/servlets/pfs/54081.jsp -8.87%
52 wahlaueh http://klse.i3investor.com/servlets/pfs/54267.jsp -9.27%
53 Ariff Shah http://klse.i3investor.com/servlets/pfs/53962.jsp -9.42%
54 C Ng http://klse.i3investor.com/servlets/pfs/54591.jsp -9.68%
55 Citta http://klse.i3investor.com/servlets/pfs/53891.jsp -9.69%
56 RicheHo http://klse.i3investor.com/servlets/pfs/54086.jsp -9.92%
57 Alex Lim Jun Xiong http://klse.i3investor.com/servlets/pfs/53337.jsp -10.04%
58 alphajack http://klse.i3investor.com/servlets/pfs/54031.jsp -10.04%
59 Lim Kan Yen http://klse.i3investor.com/servlets/pfs/54191.jsp -10.05%
60 S8Investors http://klse.i3investor.com/servlets/pfs/53915.jsp -10.11%

Dividends added:

1) Magni-Tech - 5th Apr - Interim Dividend 3 sen - http://www.klse.my/entitlement/117168.jsp
2) Magni-Tech - 5th Apr - Special Dividend 2 sen - http://www.klse.my/entitlement/117169.jsp

drastic drop followed by drastic recovery. so weird.

http://www.thestar.com.my/business/business-news/2016/04/07/maybank--farid-says-loan-rejection-rate-for-affordable-housing-only-20pct/

Rejection rate for affordable housing only at 20%. So that means there are many who are able to get loans to buy affordable houses. I think it's good for companies like Hua Yang.

Investing is not just about numbers & figures, business prospects & market sentiments. Mentality is also very important. Sometimes the biggest enemy comes from within one self.

Totally agree with you on this subject of hope. To better prepare ourselves, I think 'plan for the worst and hope for the best' would be the best option. Make calculated risk, protect downside and let upside do the work. Cheers.

I am more curious to know if traders will actually outperform those buying and holding IF the market suddenly turn super bullish. And yes, we can learn from each other :)

A few years ago, I looked at Marco and wondered, why is this gem continued to be unpolished? Something must be wrong. Then I looked at a post from Felicity dated 2012. Then it makes sense to me why the price is still stagnant.

http://www.intellecpoint.com/2012/07/if-you-want-to-pit-your-trading-skill.html

@loveygramps Good point. I agree that such report would be good to better understand the industry. However, I do not know much of the banking/financial sector and don't even have access to resources for such reports. Hence, I can only write up analysis on what the company was able to do in financial terms.

Perhaps someday I might find a way in the future. Who knows? Cheers.

tkhe1313 http://klse.i3investor.com/servlets/pfs/54290.jsp
This portfolio no longer can be found. We can remove it.

61 eggtart http://klse.i3investor.com/servlets/pfs/54477.jsp -7.99%
62 1giro1 http://klse.i3investor.com/servlets/pfs/53855.jsp -8.12%
63 tonytonychopper http://klse.i3investor.com/servlets/pfs/54251.jsp -8.25%
64 C Ng http://klse.i3investor.com/servlets/pfs/54591.jsp -8.42%
65 twobits http://klse.i3investor.com/servlets/pfs/54512.jsp -8.67%
66 Evertraveler http://klse.i3investor.com/servlets/pfs/54025.jsp -8.99%
67 Lim Kan Yen http://klse.i3investor.com/servlets/pfs/54191.jsp -9.22%
68 arimolab http://klse.i3investor.com/servlets/pfs/54399.jsp -9.26%
69 Alex Lim Jun Xiong http://klse.i3investor.com/servlets/pfs/53337.jsp -9.46%
70 Probability http://klse.i3investor.com/servlets/pfs/54051.jsp -9.55%
71 Ng Lian Giap http://klse.i3investor.com/servlets/pfs/54091.jsp -9.62%
72 Oil_n_Gas http://klse.i3investor.com/servlets/pfs/54530.jsp -9.64%
73 buffett_jr http://klse.i3investor.com/servlets/pfs/53826.jsp -10.04%
74 Citta http://klse.i3investor.com/servlets/pfs/53891.jsp -10.26%
75 S8Investors http://klse.i3investor.com/servlets/pfs/53915.jsp -10.73%
76 Awakens1 http://klse.i3investor.com/servlets/pfs/54320.jsp -10.76%
77 yong115 http://klse.i3investor.com/servlets/pfs/54526.jsp -11.30%
78 windcloud http://klse.i3investor.com/servlets/pfs/53952.jsp -11.52%
79 ahchan http://klse.i3investor.com/servlets/pfs/54210.jsp -11.95%
80 ss2020 http://klse.i3investor.com/servlets/pfs/54166.jsp -11.99%
81 ilike http://klse.i3investor.com/servlets/pfs/53829.jsp -12.08%
82 sexyturkey http://klse.i3investor.com/servlets/pfs/54082.jsp -12.45%
83 benson911 http://klse.i3investor.com/servlets/pfs/54293.jsp -13.04%
84 GreatSTOCK http://klse.i3investor.com/servlets/pfs/54287.jsp -13.68%
85 HH2004227 http://klse.i3investor.com/servlets/pfs/53914.jsp -13.80%
86 joe2703 http://klse.i3investor.com/servlets/pfs/54475.jsp -13.89%
87 papado http://klse.i3investor.com/servlets/pfs/54171.jsp -14.12%
88 Jal 贾彬得 http://klse.i3investor.com/servlets/pfs/54316.jsp -14.31%
89 coolio http://klse.i3investor.com/servlets/pfs/54128.jsp -14.66%
90 simpleinvestor http://klse.i3investor.com/servlets/pfs/54556.jsp -14.79%
91 winPLUSwin http://klse.i3investor.com/servlets/pfs/54508.jsp -14.95%
92 Hierarch Artanis http://klse.i3investor.com/servlets/pfs/54124.jsp -15.67%
93 RicheHo http://klse.i3investor.com/servlets/pfs/54086.jsp -16.16%
94 sglbg888 http://klse.i3investor.com/servlets/pfs/54100.jsp -16.38%
95 kwluffy http://klse.i3investor.com/servlets/pfs/54066.jsp -17.09%
96 Pakcik Saham http://klse.i3investor.com/servlets/pfs/53305.jsp -17.24%
97 yongfeng http://klse.i3investor.com/servlets/pfs/54208.jsp -17.31%
98 excelling http://klse.i3investor.com/servlets/pfs/54197.jsp -17.50%
99 ssjjssjj http://klse.i3investor.com/servlets/pfs/53973.jsp -17.66%
100 xdar http://klse.i3investor.com/servlets/pfs/54460.jsp -17.74%
101 theinvestologist http://klse.i3investor.com/servlets/pfs/53954.jsp -18.14%
102 Justin Lim http://klse.i3investor.com/servlets/pfs/54170.jsp -18.24%
103 360Capitalist http://klse.i3investor.com/servlets/pfs/54338.jsp -18.46%
104 Yan_Chung http://klse.i3investor.com/servlets/pfs/54529.jsp -18.56%
105 ykkian http://klse.i3investor.com/servlets/pfs/54582.jsp -18.72%
106 wylee120 http://klse.i3investor.com/servlets/pfs/54021.jsp -18.97%
107 Warren8788 http://klse.i3investor.com/servlets/pfs/54369.jsp -20.08%
108 thomas8988 http://klse.i3investor.com/servlets/pfs/54381.jsp -20.26%
109 newbie18 http://klse.i3investor.com/servlets/pfs/54473.jsp -22.56%
110 PlsGiveBonus http://klse.i3investor.com/servlets/pfs/54080.jsp -23.65%
111 Iphne4 http://klse.i3investor.com/servlets/pfs/54605.jsp -23.80%
112 rosetan http://klse.i3investor.com/servlets/pfs/54054.jsp -24.04%
113 tengpk http://klse.i3investor.com/servlets/pfs/54098.jsp -24.55%
114 weltsont http://klse.i3investor.com/servlets/pfs/54117.jsp -25.48%
115 ZJ ANG http://klse.i3investor.com/servlets/pfs/54341.jsp -25.74%
116 Lam2738 http://klse.i3investor.com/servlets/pfs/54609.jsp -27.69%
117 khai97 http://klse.i3investor.com/servlets/pfs/53879.jsp -27.88%
118 SeanWall http://klse.i3investor.com/servlets/pfs/54304.jsp -36.04%

Update for self-managed portfolio 31/03:

1 Icon8 http://klse.i3investor.com/servlets/pfs/54604.jsp 32.74%
2 BN_menang http://klse.i3investor.com/servlets/pfs/54563.jsp 24.23%
3 pohef http://klse.i3investor.com/servlets/pfs/54112.jsp 17.90%
4 vews08 http://klse.i3investor.com/servlets/pfs/54322.jsp 16.01%
5 cpo_ http://klse.i3investor.com/servlets/pfs/54606.jsp 14.74%
6 coolpau_0204 http://klse.i3investor.com/servlets/pfs/54038.jsp 12.02%
7 SuperMan 99 http://klse.i3investor.com/servlets/pfs/53854.jsp 11.13%
8 ShareToCare http://klse.i3investor.com/servlets/pfs/54136.jsp 9.52%
9 fyh30 http://klse.i3investor.com/servlets/pfs/53950.jsp 8.95%
10 Bl3u09 http://klse.i3investor.com/servlets/pfs/54489.jsp 7.24%
11 Heilong http://klse.i3investor.com/servlets/pfs/53965.jsp 6.58%
12 fast http://klse.i3investor.com/servlets/pfs/54035.jsp 6.22%
13 leelc70 http://klse.i3investor.com/servlets/pfs/54063.jsp 6.03%
14 phchin http://klse.i3investor.com/servlets/pfs/54028.jsp 5.88%
15 fayeTan http://klse.i3investor.com/servlets/pfs/54476.jsp 5.42%
16 happy1983 http://klse.i3investor.com/servlets/pfs/54023.jsp 4.67%
17 Limkhaiyee88 http://klse.i3investor.com/servlets/pfs/54332.jsp 4.02%
18 shinado http://klse.i3investor.com/servlets/pfs/54452.jsp 3.57%
19 secret1q http://klse.i3investor.com/servlets/pfs/54179.jsp 2.32%
20 Ricky Kiat http://klse.i3investor.com/servlets/pfs/54284.jsp 2.25%
21 veln82k6 http://klse.i3investor.com/servlets/pfs/54041.jsp 1.61%
22 southwark http://klse.i3investor.com/servlets/pfs/53884.jsp 1.21%
23 cscwelly http://klse.i3investor.com/servlets/pfs/54110.jsp 1.02%
24 necro http://klse.i3investor.com/servlets/pfs/54557.jsp 0.94%
25 Cheng Li Ng http://klse.i3investor.com/servlets/pfs/53821.jsp 0.60%
26 Ven Felix http://klse.i3investor.com/servlets/pfs/54699.jsp 0.22%
27 dannyjie http://klse.i3investor.com/servlets/pfs/54029.jsp 0.07%
28 ckliew88 http://klse.i3investor.com/servlets/pfs/54225.jsp 0.00%
29 devils95 http://klse.i3investor.com/servlets/pfs/54564.jsp 0.00%
30 i4investor http://klse.i3investor.com/servlets/pfs/54016.jsp 0.00%
31 Ivan Lim http://klse.i3investor.com/servlets/pfs/53313.jsp 0.00%
32 LHA0725 http://klse.i3investor.com/servlets/pfs/54517.jsp 0.00%
33 sherlock http://klse.i3investor.com/servlets/pfs/54186.jsp 0.00%
34 tehsk http://klse.i3investor.com/servlets/pfs/54092.jsp 0.00%
35 tyz1994 http://klse.i3investor.com/servlets/pfs/54534.jsp 0.00%
36 Yeow Gary http://klse.i3investor.com/servlets/pfs/53801.jsp 0.00%
37 npznpznpz http://klse.i3investor.com/servlets/pfs/54154.jsp -0.29%
38 bluefun http://klse.i3investor.com/servlets/pfs/54121.jsp -0.54%
39 Logic Trading Analysis http://klse.i3investor.com/servlets/pfs/54245.jsp -0.79%
40 samyew1234 http://klse.i3investor.com/servlets/pfs/53907.jsp -0.94%
41 aikwais http://klse.i3investor.com/servlets/pfs/53500.jsp -1.26%
42 John Lim http://klse.i3investor.com/servlets/pfs/54327.jsp -1.65%
43 angiegoh http://klse.i3investor.com/servlets/pfs/54131.jsp -1.83%
44 Goinvest88 http://klse.i3investor.com/servlets/pfs/54103.jsp -2.20%
45 Donald Bee http://klse.i3investor.com/servlets/pfs/54020.jsp -2.26%
46 wiseeye http://klse.i3investor.com/servlets/pfs/54411.jsp -2.62%
47 TAFFAS http://klse.i3investor.com/servlets/pfs/54285.jsp -2.89%
48 wisdow_wy http://klse.i3investor.com/servlets/pfs/53967.jsp -3.46%
49 Kai Yee Tan http://klse.i3investor.com/servlets/pfs/53619.jsp -4.22%
50 musketeer88 http://klse.i3investor.com/servlets/pfs/54059.jsp -4.23%
51 kwaikun http://klse.i3investor.com/servlets/pfs/54236.jsp -4.31%
52 GreenTrade http://klse.i3investor.com/servlets/pfs/54470.jsp -4.75%
53 Jeffbkt http://klse.i3investor.com/servlets/pfs/54081.jsp -5.58%
54 alphajack http://klse.i3investor.com/servlets/pfs/54031.jsp -6.39%
55 Ariff Shah http://klse.i3investor.com/servlets/pfs/53962.jsp -6.53%
56 Willie Ong http://klse.i3investor.com/servlets/pfs/53953.jsp -6.53%
57 skygrass http://klse.i3investor.com/servlets/pfs/53933.jsp -6.58%
58 wahlaueh http://klse.i3investor.com/servlets/pfs/54267.jsp -6.63%
59 TaurusGroup http://klse.i3investor.com/servlets/pfs/54599.jsp -7.33%
60 stevie http://klse.i3investor.com/servlets/pfs/54073.jsp -7.80%

What about higher levy imposed on foreign workers? Should be eating into the profit margin too, no?

I fully agree knowledge + experience = power. You can pay tuition fee to gain knowledge in investing from a sifu, or you can become like me and pay a 'tuition fee' to the market by making wrong choices and learning from mistakes all the way.

But all in all, the experience plus knowledge gained is what makes me a better investor from how I was 3 years ago.

Also, I like this Buffett quote:

"No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant."

Dividends added:

1) Poh Huat - 8th Jan - First Interim Dividend 2 sen - http://www.klse.my/entitlement/116936.jsp
2) Scientex - 11th Jan - Final Dividend 13 sen - http://www.klse.my/entitlement/116663.jsp
3) Magni-Tech - 11th Jan - Interim Dividend 5 sen - http://www.klse.my/entitlement/116940.jsp
4) Magni Tech - 11th Jan - Special Dividend 3 sen - http://www.klse.my/entitlement/116941.jsp
5) Homeritz - 3rd Feb - Final Dividend 2.5 sen - http://www.klse.my/entitlement/116945.jsp
6) OKA - 10th Feb - Interim Dividend 1.5 sen - http://www.klse.my/entitlement/116918.jsp
7) Padini - 11th Mar - Interim Dividend 2.5 sen - http://www.klse.my/entitlement/117049.jsp
8) Mikro MSC - 17th Mar - Interim Dividend 0.6 sen - http://www.klse.my/entitlement/117139.jsp
9) Elsoft - 18th Mar - Interim Dividend 4 sen - http://www.klse.my/entitlement/117118.jsp

There are some interesting picks here. I think this portfolio should be able to outperform the KLCI. Let us know how it goes!

Hi 86mmc, look at the last table above. We add the Present Value for year 1, 2, 3, 4, 5 & Terminal Value to get the figure.

fung9815, another name for EBIAT is actually NOPAT :)

Using NOPAT is an interesting idea because just like you said, tax have to be paid. And that means your EV/NOPAT value will be lower than EV/EBIT.

I will try to come up with better post and analysis in the future!

Hi fung9815, thank you for highlighting all these points to me. I would not buy Hup Seng in the first place if I did not think of long term. Actually most of stocks I hold in my portfolio is for long term.

For your point 1, it's just typo and I corrected it now.

For your point 2, I think I agree with the way you think. Discount rate of 10% seems to be a 'safer' percentage when I look back and think of it.

For your point 4, past 5-year CAGR of FCF is at 19.2%. Excluding year 2015, 4-year CAGR is still a double digit rate. But what about 5-10 years down the road? I have no idea and only assume Hup Seng will have cash flow problems when I place a 5% FCF growth rate in the calculation.

Overall, DCF really do depend on quite some assumptions. I guess having a more conservative assumption will enable us the 'margin of safety'.

As of now, DCF will still not be a major part of my valuation methods when selecting stocks. EV/EBIT, Graham's IV formula & P/FCF are still my main preference.

Cheers.

Ah I see. Thanks NOBY for pointing me to the right direction!

JT Yeo, thanks. It makes sense, however trying to calculate maintenance capex only will be difficult.

latjiu, Discount rate must always be higher than the long term growth rate. Think about it this way, if the long term growth rate of a company surpass the market expected rate (discount rate), it will become a no-brainer riskless investment.

JT Yeo, mind to explain why growth and terminal rate should be set to zero? Thank you.

haikeyila, yes all from latest Q4 report and past annual reports. Now I am wondering if there is a mistake in my calculation.

Jeffrey, my steps to calculate is as above. But I do not understand why your result and mine have a huge difference. Perhaps there is something I miss out?

Hmm...muscle are you looking to buy cheaply buy asking people to sell?

Think about it this way.

You see a company, analyze its financial reports and business prospects and conclude it's a good company. You waste no time buying into it. Not long after, that company was found to be involved in an accounting fraud scandal. Do you not reverse your decision quickly even after knowing this fact? I don't think so.

Decisions must be made swiftly after every fact has been concluded to support that said decision. That is a mark of a good decision.

After all, Warren Buffett once said (if I recall correctly), 'if you cannot make a decision in 7 minutes even with all information presented to you, you will not be able to make that decision for the rest of your life'.

nokenzo, I think need some sifu to calculate it. I still haven't learn DCF yet.

TTM ROIC for Magni stands at 55.2%. At trading price of 4.48, Magni is trading at EV/EBIT of 6.4 times the earnings. That means Magni is undervalued at this point!

citcychew_1886, it's a bit long to explain. Here's a link that may help you:
http://www.investopedia.com/terms/c/cashconversioncycle.asp

Feel free to ask if you have questions about it. Cheers.

citchew_1886, there are different ways to calculate ROIC. One way is to use NOPAT (Net Operating Profit After Tax). The other way is to use EBIT (Earnings Before Interest & Taxes). Either way, ROIC is not calculated using net profit. I am using the Joel Greenblatt's Magic Formula way of calculating ROIC, which is by EBIT / Invested Capital.

That should be 72955 / 75702 = 96.4%.

Hope that clears it up for you.

Let me enlighten a bit on gearing ratio.

From Investopedia, you have 4 types of gearing ratios:

1) Debt-to-equity ratio
2) EBIT / total interest ratio
3) Equity ratio (Total Equity / Total Asset)
4) Debt ratio (Total Debt / Total Asset)

http://www.investopedia.com/terms/g/gearingratio.asp

Mine is obviously the first one.

shortinvestor77, you are right that if you calculate total liabilities to total equity, you get close to 0.5 ratio. However, do look at the breakdown. Only trade payables, tax payables and dividend payables. No borrowings!

Posted by shortinvestor77 > Mar 19, 2016 09:28 AM | Report Abuse

The author is hiding the gearing ratio of HS which has also incresased to near 0.5 for this latest quarter just to pay extra dividend and etc..

Also, do let us know how you conclude with Hup Seng export a lot? From The Star interview with Hup Seng's management, local sales accounts for 85% while the rest is 15%. That is not a lot. Please present us the facts. You can read the interview here: http://www.thestar.com.my/business/business-news/2015/12/05/charting-hup-sengs-growth/

Posted by shortinvestor77 > Mar 19, 2016 09:31 AM | Report Abuse

HS exports a lot and now Ringgit is strengthening, imagine the effect. This author got caught and is trying to sell the shares to you when you buy lah.

Actually from self-managed portfolio, there is one who buy and hold and can beat us all. Vews08's portfolio already 19.95% return.
http://klse.i3investor.com/servlets/pfs/54322.jsp

AAX 66.67%
BJCORP 13.33%
DRBHCOM -6.45%
KNM -4.9%
MBSB -3.55%
PERISAI -7.14%
SIGN 13.59%

AAX around 41% of its portfolio. He really bet big on AAX.

Another nice article from OSV!

Hi alvin1314,

EV is Enterprise Value whereas EBIT is Earnings Before Interest and Tax. Both EV/EBIT & EBIT/EV are used to calculate a present value of a company.

EV / EBIT calculation usually return a single or double digit number, while EBIT / EV is in percentage.

Usually companies trading at EV/EBIT of 7 or less is considered undervalued, while in EBIT/EV it is 15% or higher that is considered undervalued.

I hope that answers your question? Cheers.

Kudos, Ben Gan. You have your own selection criteria that scrutinize major aspects of a business. Keep it up.

Some people will always see this as being 'complex', 'complicated', or think that you 'can't find anything with this'. Well, I can only encourage them to have a look at Warrent Buffett's 12 tenets when it comes to buying into a business. It might broaden their view a bit.

If I'm not mistaken, it takes 2 years for the full transition to SEEK. Also, CEO Mark Chang mentioned in an interview with BFM quite some time back that they will take 2-3 years to look for a new business and also they are looking to invest in startups.

Very comprehensive. Good!