Talk about Warren Buffett huh? Can't stand that kind of talk.....

1. Hengyuan has deteriorating economics.
Margin compression, competition (I think Petron and Petronas are doing much better in terms of management, one can either choose quality or cost, Shell is blur blur one), gearing will get higher, zero dividend for years to come.......

2. Hengyuan has high capital expenditure. Warren Buffett uses Owner's earning to reflect true picture of profitability.

Owner's Earning = Net Profit + Depreciation - Capital Expenditure.

Hengyuan Owner's Earning is a "-" number.

Just don't blame Warren Buffett if you lose money, Warren actually told you to stay away.

海航是錯配了投資標的才會完蛋！短期債務那麽多，還敢投資回報久遠的不動產，死有餘辜！但就其原因，就是相信後台牢不可破，輸在天真！

恆大相對專注本業，固然是還死不了的重要原因，投資週期的相對較短，才是其真正的免死金牌！

Halite, bravo! Totally agree with you.

翻譯上有點錯誤：慣性拖延改成慣性延誤才正確。

馬斯克的大腦不是一般人可以比的，生產比預想延遲說明批量生產Model X的很多細節需要調控。花時間的並不是做汽車，而是在做汽車的生產系統。

Halite is right, Hengyuan is a god damn cyclical but Petronm is sustainable long-term growth stock.

Yes, it's a bad deal for HSP.

No, no, no, it is not easy to improve yield, no synergy and it will drag HSP down.

Next crisis is coming, its too much debts in China, as deleverage happens, fasten your seat belt. It's not because of debtors can't pay back, but its the worry that make financial institutions want to take the money back.

When the tides is gone, habislah companies like sendai and jaks.

一針見血，說得太好了！

人說中國銀行的提款機都是垃圾，我還不信。我覺得大眾銀行應該沒有那麼廢，結果真的去了好幾次都提不到款。我想星期一早上九點應該會有錢可以提，結果還是一樣。就匯豐有個樣，不是垃圾。

海南航空還不了債，債券利息已經還不起了，飛機租金也已經兩個多月沒有付了。如果海南航空倒閉，中國幾家大銀行將承受至少六千億人民幣的虧損，對金融業是一大衝擊，會不會是下一波金融海潚的開端？

海航Fortune 500排170。發行債券佔亞洲百分之一，欠銀行的不知多少，我估計至少是一萬億人民幣以上。

海航旗下至少四百多家飛機，對飛機租賃市場是一大衝擊。

如果亞航三月前AAC不公佈的話，大概是賣不成了。如果真錯過了最佳時機，只能怪東尼太過婆媽，太過貪心了。

HNA will collapse soon, shock the industry temporarily, long term benefits Airasia to expand in China.

Yeah!

Great idea also.

MQ says privatisation good choice!!?? Its repeating last year's episode and AAX rally, why people still fall for that???

MQ says RM6.30 now. Keke!

Expects to be less than excited these few days, share price has gone up 30% in the last two months.

I am hoping to buy more, but temporarily no money already. Got to work harder to earn money....

我還是相信馬斯克，必須高速吹風與車子並行才是皇道！

The reason for selling AAC was the planes were fully depreciated, and its old. When it was announced Airasia wasn't growing as fast, now its the best time with all the positive environment ahead. If it is further delay or cancel, i won't be surprised. Probably Airasia asks for more and get rejected??

It was said to be completed by end of first quarter. Well just wait and see.

MYR continue to be strong, probably touch 3.8 sooner than expected. Market seems to be very happy about it, with Airasia share price breaking new highs every day.

Expect Airasia to make 1.3-1.4b in Q4, 700m from operation, 700m gain on disposal.

Gogogo!!~!!

Great!

其實實用的一本就夠，《The Warren Buffett Way》。

他的信甚麼的是根據美國在地情況寫的，讀了可以知道他發現問題，深入研究以及研究結論的智慧，但對於美國以外的投資者，實用價值不大。一般人對於美國的稅法、會計法等也不必熟悉。

Snowball一類的書，有種像看鹿鼎記一樣的感覺，發財了，更富了，更更富了，看了很爽，同樣實用性不高。

I believe one of Buffett's tenet, "a dollar reinvested in the company must create more than a dollar in market value of the company." (more or less like this)

The real question should be, does these companies doing anything to resolve the situation or they just continue to do what the market hates?

Happy CNY everybody.

LTH also sapu. Gogogo!!!

Kwantas or Kretam all are inefficient players in the eyes of the market. Put it another word, they are old fashion style company which benefits their own grand children rather than investors.

Pan Borneo is long, very long. It cut through tens of thousand acres of land.

Maybe you have insider news but I am sure it is not reliable. Currently, pan Borneo is just at my front door and the contractor, the officers still haven't decide which way to go.

What about Ioi, hap seng, tsh, etc etc you name iit all have much stronger presence in that area???

Even if the highway did passed through, it will be 10 years later.

這裡面有幾個問題，一、榨油率為什麼那麼低。二、如你所說，如果產量增加了百分之五十，為什麼營業額沒有增加？

榨油率真的那麼低的話，肯定輸到脫褲子，或許是報備不準確，這些公司總是很危險。

Signn, I think it will be bad. Next year will be great.

Days like this is pleasurable. Usd down, crude down and Airasia up.

Crude oil prices did came down sharply in the last few days, about 15 days later than i predicted.

One great news for Airasia is, MYR seems to be more resilient than Crude prices.

I expect Airasia to go to RM8 within this year, its boring as i am holding it long term. Don't care so much on its daily movement already.

Tomorrow going back to RM4.30, keke! I expect before QR, it goes to RM4.80. Some profit taking afterwards.

Assuming 800M operating profit from QR, then 20% payout is around 12c also. Plus the special dividend of course.

Don't expect AAC sale announcement so soon though.

EngineeringProfit, talk is cheap! The CEO keeps saying how good is the future, like it is a sure thing and very easy, but cannot deliver. The company is losing money now. Negative PE. It is worse than PE of 1000 if a company is losing money.

Oil production goes on every moment, so consistent cashflow should be one of the characteristic in this business.

If you look at MIE's report years ago. They aim to produce 12,000 barrels a day from EMIR field, max was around 6,000 barrels only, and then oil production steadily decline. Oil prices were declining steadily at the same time though.

Reach still owes MIE lots of money. And its charging interest now. Interest payment is a big burden for the company.

Of course there are still plenty of oil underground, but does the company have the financial muscle and ability to drill it quickly.

Or else get enough loan to sail through?

The key is still oil production level, which the management has been reluctant to share information.

Management just talk about how good is the future......

The best i can find is MIE stating end June 2017 production level is 959 barrels per day. Plus the gas etc etc probably works out to be around 20 million per quarter.

From the outset, probably next QR should be slightly less than 20 million, until new wells performing....

Just my guess..

Come on, 2400 shares only will reach RM26. Each buy 100 shares, needs 24 volunteers!!!

Each buy 100 shares can easily push to RM26.00.

Coming quarter should be very good. Announcement soon.

Gogogo!!!

Great!!! Continue 上挑 RM4.49.

The great Merlin has spoken again, this wave will be strong.

Gogogo!!!

Sooner or later EPF will be substantial shareholders again.

Those who hope for 60c doesn't live in the real world, go back to play video game, keke!

I guess Dow correction will stabilize tonight. This morning after the initial drop, strong buying emerge shows resilient.

Its only 3 more weeks before the QR announcements, hope for a billion net profit and AAC announcement.

Gogogo!!!

Essentially the writer is gambling against other players. My way is more on gambling against the house.

Don't know where you learn that, but your financial knowledge is good.

1. Only buy those in-the-money call warrant. (Peter Lynch).

2. Only Buy low premium or at a discount. At the end of the day, receive a big fat cheque from the issuer.

3. The mother shares must belongs to a good company, and there are themes moving it.

This time I am sure uncle KYY is more experience and act faster. Haha!

Out of curious, I rechecked and found all directors mentioned in icon8888's article has already resigned.

Who cares? (haha!) Malaysian market is still primitive.

For those who act according to facts and seek truth, please be cautious! Another PE 1 company is in the making.

For those who don't care, you can expect even more magical results coming soon, as the last obstacle to create an "amazing" company will be leaving on March.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5682317

When icon8888 published Hengyuan's report, i said two things, 1. The management won't stay long. 2. Hengyuan China is the pollution king, so i won't buy.

Good luck, guys!

Acupuncture, Airasia is consistently making 2b a year. So give it 15 times pe, will be a 30b company. Share price should be rm9.

Airasia is growing 15 percent a year, so give it 15 times PE, should worth rm9 a share.

Airasia has planned to divest non-core businesses and IPO malaysia Airasia, special dividend of about rm2.2. Plus ordinary dividend of about 15c. For a company that size, say yield is 3%, will be valued at .15/.03+2.2=7.2. That assume there is 0 growth.

Blah blah blah.

Airasia is still dirt cheap.

Today market super good, happy day!

CIMB got to buy back few million shares sold in the last three trading days.

Today Airasia looks very strong. Resume charging ahead after CIMB press. Gogogo! Huat lah!

2018 Airasia goes to RM8.

JN88, 朱兄 is still around all the time. He changed his ID to Adi Investor, selling his books.

Rupiah kah, TRILLION?????

News broke out Halim sold shares caused the drop. If Halim sells again, it will destroy the company. So, hopefully he will stop.

The real question is how genuine is Sumatec's oil field in Kazathstan.
So far, it has only been reports from Halim and Sumatec's side. Sofarsogood lah.

This year Airasia will be like Hengyuan last year, probably share price will overshoot a lot.

Much of the fund has been channeled into call warrants last year. Now left one, and probably nothing new will come out. That means all IBs firmly believe Airasia will rise at least 30% in the coming 8 months or so.

In the last five market days, it was the counting days for C53. I have learned that the first two days was high volume day, so CIMB didn't "out hand". The last three days there were action witnessed, because volume was low. As Airasia grows bigger and has higher trading volume, it increases the cost of PRESSING.

寫得很好！

從亞航收購了一家BD4H的公司起，可見它的方向更為開闊。

沒有了大量憑單選擇，今年投機者的資金可以大量投入亞航母股，相信今年股價會overshoot很厲害！