Eh dun like that lah Philip. I really didn't want to show sausage in public, so obscene. But you say small mah. Small then have to show lorr. Peace out mate, and congrats on Stoneco.

And I thank you for sharing Stone, that enabled me to find a proxy to it without paying too much for it. Stone is out of my league, I don't buy anything more than PE 10. But thanks for the sharing, it sure helped me jumped on the proxy when the link became apparent. So can we finally start keeping our sausages in our pants and get some real work done?

I'm not sharing with you uncle. You are the one who belittled me and say you won't believe any number from me. So no point sharing since you won't believe it anyway. So again I'm the biggest loser in Bursa lah. I lost millions betting on small cap risky stocks and if not for my wife paying the internet bills I won't even get to surf i3investor. Hahaha.

https://www.nextinsight.net/story-archive-mainmenu-60/940-2018/12621-sunpower-buying-opportunity-on-share-price-fall

Uncle with small sausages please go back to the line please. But it's OKlah, Uncle Koon's sausage is even bigger than mine. I accept the fact that mine's not the biggest. Hahaha..

"Hi kid, how is your super energy china company listing in Singapore doing today? Another one who loves commenting but has zero credibility also. " Uncle, maybe not so shiok as you being a multi-millionaire. I called it at 31c, it's closed 0.555 on Friday. That's a 79% gain in a single quarter. I took up a moderately heavy position during the sell off, so it's my top performing stock this year. You want to compare sausage, compare with others lah uncle. Mine's bigger than yours.

IMO 2020 is bad for simple refiners processing sour crude. But Petron processes the sweetest of them all, Tapis crude. IMO 2020 forbids any fuel above 0.5% Sulphur content. Typical sulphur content of TapİS crude is 0.04%. It's best rethink the risk of IMO 2020. Chances are, no impact as the resultant fuel oil is IMO 2020 compliant, or minimal impact as the sulphur is low enough to remove cheaply. If anyone goes to AGM, this is a good question to ask management.

Uncle Philip, I tot u said u dun like to compare sausage. But now u compare with Ricky's and Jon's. I think you actually like to compare sausage lah.

KC Chong's strategy is defensive. It performs well relative to higher risk strategies, especially in a year like last's where dumb cash yields the best return. To establish safety, most of the stocks have established a long record of attractive returns. But the fact that much of the facts are known limits the upside potential. Because they are defensive, it generally outperforms during bear market. I've confirmed this myself by comparing last year's portfolio return with those with practicing defensive strategy, I lose because I accept higher risks.

Conversely, in a bull market, I expect my portfolio to outperform theirs, and that has been sufficient monetary difference in all cases, fortunately, to justify pursuing a more aggressive strategies at this juncture in time. However, not everyone has the time, interest and resources to manage a portfolio, such as a person in full time professional employment, and a defensive strategy is most suited for the majority of the population.

Being successful in stock is not just about making money, it's about making money at the lowest risks. One can take massive risks, margin up to their neck, and see a wipe out like last year costing an arm and a leg. If I had lost as much as that fler, I'll probably commit suicide at Penang Bridge oledi.

hilarious!

Everyone has the right to their own opinion. Complaining to SC just because he disagrees with the opinions of analysts is infantile. If he really believes in his assessment, he should welcome a sell-off since it allows him the opportunity to buy cheap. The fact that he's so disturbed by the decline in share price shows you the real pump and dump operator he really is. In fact, SC should investigate his previous pump and dump operations and whether he has crossed the 5% threshold again without disclosing to the public.

Thanks for the update. I won't pay PE 40 for Stoneco, but I've already found a proxy to them at EV/EBIT 2.9. A lot more palatable than Stoneco. Thanks for sharing.

Rights issue no problem lah. The fler who said target price RM4 will mop everything up.

yawn. another article that offer no content other than share price movement. look, kenanga's report is very specific in saying that much of the revenue is extraordinary rather than from the bread and butter contract. unless that fact is in dispute, kenanga's report makes a lot of sense to explain a smoking hot 30% net margin

30% net margin doesn't seem to reflect an industry in distress.

Under the assistance of the Corporate Debt Restructuring Committee (CDRC) of Bank Negara Malaysia, DAYANG’s 60.5%-owned listed subsidiary PERDANA has hinted of an impending comprehensive corporate exercise to be completed within the next 12 months. This is referring to its Proposed Debt Restructuring Scheme (PDRS) for the CDRC, which may include extension of borrowings, disposal of assets, special issues or placement of shares, and rights issue. Depending on the scheme, there may also be a need to further impair the group’s assets. That said, we believe that an upcoming comprehensive corporate restructuring may implicate shareholders of DAYANG, and as taking lessons from other oil and gas companies that had undergone corporate exercises in the past (e.g. SAPNRG, VELESTO), we believe this also may not play well for the stock’s trading sentiment and share prices

All of the quarter’s topside maintenance revenue came from “lump-sum” billings, as compared to the more conventional “schedule of rates” billings. As we understand, lump-sum work orders arises when (i) there is a specific or urgent work request from the client for packaged maintenance or overhaul services, as opposed to the more usual scheduled maintenance works, or (ii) successful billings of variation orders. That said, while there is still a possibility for lump-sum work orders in the coming quarters, we believe it is unlikely that it will be at the record-high levels seen in 4Q18. In fact, we expect 1Q19 to post more “normalised” levels of profits, on the back of it also being a seasonally weaker quarter given the monsoon season.

Boeing has decided to temporarily suspend its entire fleet of 737 MAX planes "out of an abundance of caution and in order to reassure the flying public of the aircraft's safety." The FAA reversed course on Wednesday and grounded the jet after evidence emerged showing a flight that crashed Sunday in Ethiopia may have experienced the same problem as a plane that went down five months ago off Indonesia. Analysts say the initial impact of the grounded Boeing (NYSE:BA) jets will be contained, but may escalate if the fleet is not permitted to fly for a longer period.

"I try to invest with the assumption that if I have a m16, and my management is Rambo, I just worry more about the bodycount, and less about Rambo. He will do well in the long run and appear in many more movies."

Hilarious analogy!!

Don't compliment a fella who only wants gets ahead by pulling others down. And there he goes again, saying "If you're not paying it, you're not the customer, you're the product!" What a dickhead. To him, anyone who write and post articles must have ulterior motives. Maybe that's his true character after all, coz he can't comprehend that people do enjoy the camaraderie of sharing knowledge out of the goodness of their heart. And don't tell me I have ulterior motive asshole, Sunpower doubled in price in less than a quarter and generated 7% in operating cash flow to their ev, despite having significant gearing of 1, in a single quarter. And I don't charge a single cent for sharing. What have you got? Bad mouthing everyone else so you can get ahead, telling the world that they need to pay 5k a report to you so they can get some exclusive info to get rich. Bullshit. The entire MIT curriculum is available online for free boy. Anyone who wants to get ahead needs only determination, hard work and some ingenuity. In this world of fast information dissemination, only your infantile mentality thinks that information is exclusive. Grow up boy.

Then why you share RCECAP? Talk like so self righteous look at yourself first lah. Tell me your birthday and home address, I'll buy a full-sized mirror for you.

I would stand up for him if he didn't accuse most, if not all, blog writers as con artists engaging in pump and dump activities. Most of us short term forecasters sink and swim with our analysis. If we get it wrong, we are the first to suffer losses. He made no friends with his wild accusations, and so don't expect any goodwill when he provoked someone sharper and harsher than himself.

Philip, you are wrong about the importance of CAGR. CAGR is the single determinant whether you will be rich, or be average. The long term return of US stocks is 8%. That means if you close eye and simply buy without putting much effort you can expect to get that CAGR over a long period of time. That means, your can easily grow your wealth at 8% a year, and at that rate, given a long enough time, even peanuts can become a large sum. The test of skill is not how much you have grown relative to your capital, it is the speed of the growth. Warren Buffett is not admired for growing 8% a year brudder, he's admired for doing 20% for 30 years from circa 1970 to 2000. That is why, when it comes to comparing investing prowess, CAGR is important, not the amount that have grown. Even a tortoise can reach the finish line if given sufficient time. Having said that, your CAGR appears to be in the 25% region, which is pretty solid. If you can do 26%, you double your wealth every 3 years. Even though you are an asshole who shits on everyone else's investment strategy, I acknowledge that it is an achievement.

Over the years, I've lost about 10m investing in Bursa. I've lost my home, my car and my job punting small cap stocks like YOCB. I'm probably the biggest loser in the whole market. Fortunately I still have some money to pay my internet subscription so I can talk shit to seniors like you hahaha.

Small is beautiful. For people with limited financial resources, agility is their friend. Before you criticize buying cheap ass small cap mediocre business any further, please look up David Webb and see how this strategy serves him well over 2 decades with a CAGR of 20%.

Philip, you said it yourself, investing in small cap is unsuitable for investors with large capital. Given the fact that not everyone is a multi millionaire like you, why do you bother criticizing other people's strategy of investing in cigar butts companies, when it works mighty well with the mass of poor people who do not have the financial resources you have?

"will YOCB give your that 10% capital gain a year including dividends when you calculate your risk in holding the stock for a long period of time?"

I'm already sitting on 13% gain for holding 1 quarter. The problem with people like Philip is that with some success in stock market, he insists his is the the true and only path. Everyone else is a loser. I don't know why we keep getting people like that, from Choivo to now Philip. Who say YOCB's investors want to hold it long term? What is it that everyone must follow your way? As much as Philip puts up solid arguments on the merits of his investment strategy, it's the same old intolerant attitude towards anyone else who differ.

Oh ic. U r looking for super high growth companies. Sorry then u won't find it in yocb. But I think most of us who don't have your gift of precise multi year forecasting do just fine with short-medium term switching among cheap ass stocks. I'm happy with my cagr and I do not aspire to be like you. In the meantime, what's your long term cagr? Mind sharing?

And sorry threadcount is not the be all end all to a good bedsheet. I've bought shitty high threadcount bedsheet like feels like sandpaper. If yocb is so easily disruptable u would have seen some major parkson like shit years ago, but so far it's been holding steady.

With regards to apparel and to a certain extent bedsheet, pillow cases etc, most people would still like to see, try and feel the product before they buy. U may buy from taobao, but if the quality is unsatisfactory, it is difficult and troublesome to send back and get a refund. As much as e-commerce is a threat to brick and mortar shops, it's still difficult to replicate the experience of feeling and trying a textile product. Yocb's profit has been consistent, albeit boring throughout all these years, and recently exhibited growth, even with the onslaught of e-commerce. In my opinion, the threat of e-commerce to yocb is exaggerated. I don't have any friends who would rather buy bedsheets from the internet than going to the shop and feeling the product.

Can you share your CAGR over these years?

Thumbs up even you are a dick to everyone you don't agree with.

Give you a like, hard to find any negative articles in i3. We need more short opinions.

Thanks for the info. Do you think the low gasoline spread will have an impact on pchem? Refiners are barely making money out of gasoline, and situation is unlikely to improve given sweet crude is well supplied.

Well said. Extraordinary gain is often done at the expense of higher risks. It is not wise for everyone to adopt a high risk high return strategy. Most working professionals only have time to just manage a handful of ETFs at most, and that's what they should be doing if they don't have time to dabble in small-mid caps where the risks are higher. And they should still get good return around 10% with minimum effort. There's no point taking higher risks if the investor do not have the appetite or time for it.

Icon8888, that is damn funny. John Lohsoh lol!!

"Japfa Indonesia is cheaper definitely, but look at their net profits, and their growth in Indonesia for their business units. They are cheap for a reason."

They are cheap for a reason for the industry faces certain constraint which causes the market to value them at a low PE. Now we have a player in the same industry, having the same constraint just as any other players, having valuation that is not just higher, but unbelievably higher than everyone else. Damn man, I tell you, that kinda valuation makes me think the management can create soy and corn out of thin air. Damn, their chicken can probably get fat without eating. Well man, all the best in your investment. Glad it all worked out for you. But it's pretty useless for me.

"very sad leh...money attracts more money....after he post he got 2M shares on ql...people salute him sir...got one ask for asset allocation advise...and soo came with suggestion to invest on his stock.... "

Wei, I never suggests people to invest in my stocks ya. Decision to invest is always a personal decision. Each has his/her own risk appetite, time constraint, financial resources. I'm just sharing some basic knowledge on the things that is in the public domain. Philip asked for a competitor in Indonesia. I'm merely pointing out the fact that Japfa is a competent competitor with a vertically integrated poultry business, all the way from making animal feed to processed chicken. I'm not suggesting anyone to buy it. Not only is Japfa is in poultry in Indonesia, they are in Dairy China, in Pork Vietnam, in Poultry Myanmar and India. QL wants a competitor? Well they are staring at one.

"Personally i think soo is another great investor here..but very low profile"

Haha... how do you know if I've never revealed my real record. All you all know is I that performed poorly in each i3 stock pick competition.

Anyway, I'm not interested to pick fights with anyone. Everyone has their own strategy. Some win big by buying so called quality companies, some win big by being a cheapskate. Those who can win big buy buying PE 50 stock, well, who am I to argue with them? Netflex made plenty of ppl rich when it went all the way to PE 150.

But I'm a cheapskate. It's in my DNA, can't change. I'll always buy cheap stock. I'm happy with my CAGR, I'm comfortable with the risk I take. If people can make a fortune on expensive stock, more power to them. But it's not my game.

Anyway, you want a moat? Here's what I think is a moat: https://www.nextinsight.net/story-archive-mainmenu-60/940-2018/12621-sunpower-buying-opportunity-on-share-price-fall

"Show me another vertically integrated company in Indonesia and Vietnam doing the same thing as QL resources. Go ahead I dare you."

Japfa Cornfeed listed in Jakarta and Japfa listed in SGX. A lot cheaper than QL.

soojinhou,

How does their lighting business compare versus the competitors. Any particular moat, or just another supplier in the industry?

Their lighting is supposed to be smart, and therefore energy saving. For example, the light brightens when a car approaches and then communicate the information to the next light. It is IOT based and smart, and so it's controllable via computer. IQGROUP's Lumiqs is also based on similar concept but they are targeting industrial customers, such as those used in warehouses, rather than infrastructure like Success. As for a moat? Well, given enough money and motivation, most engineering can come out with similar solutions. But given Success is the incumbent and has established a portfolio of projects, they are harder to unseat by competitors. In the end, it's ultimately cost vs benefit. Are councils or property owners willing to pay more for smarter lighting, or just go for cheap dumb lights?

Has KYY crossed 5% threshold yet? If he has but didn't disclose, report him.

I like their lighting business. You can say they are the equivalent of IQGROUP for infrastructure projects. However, earnings are quite volatile.

Great! We got 2 sifus talking shit to each other. This show I definitely love to watch.

Haha. Hey Jon, another fler here belittling your feeble return. And Jon is the type that goes around insulting everyone else's investment strategy. Would love to see Mr long numbers and baby Jon face off.

*yawn*

I think the recommendation is pretty good. Having too many stocks when capital is small doesn't justify the work needed to maintain the portfolio as the return from each stock is too small for the required work done.

Take a deep breathe, and buy more

For me, I do a lot better buying low PE company with rock bottom expectation, which rallies upon the slightest outperformance, than buying high PE company with sky high expectation, which corrects sharply on any slight miss. I sleep well with low PE stocks knowing downside is limited, rather than trying to forecast growth, which often undershoot expectation in the majority of cases. While the academic argument justifying expensive valuation for good companies is sound, it's not a great money spinning strategy, in my opinion. For QL holders, well, good luck having the growth expectation met in the coming years. And qqq3, you are a waste of oxygen for the amount of spam you left in i3. Not only you spew nonsense, you spew so much of it it makes it difficult to sift through real content. The i3 community is worse off for the amount of digital waste created by you.

There will supposedly be a deluge of naphtha when rapid fires up. That's great news for lctitan for it is their feedstock.

It's operational cost excl admin expense, depreciation, amortisation, finance cost etc. When old man want to pump, he will only tell u the positives, standard modus operandi.