Is there any faster way to find FA of company such as EPS, PER, DY, NTA, ROE, sales, profit for prevoius 5 years? It takes time to look the annual report 1 by 1 and do calculation. I hear got FA program which allow us to review previous few years FA. Anyone know about this?
hi one question. I found out that Fong SiLing written an article recently about MSC. Yet, he is holding some shares in MSC too. I thought an author is not supposed to have any interest on the company he is commenting about....any idea??
i think the portfolio is not so accuratly counted. however, his investment is holding for long term, as long as company performance goes well. his portfolio value is more than rm20 million if not mistaken. anyway, we can prefer his skill but not absouletly follow him.
I didn't use any software, i went to bursa malaysia website. I copied and pasted the price list for a day into microsoft excel file. Filter it by daily volume around 20 to 30K. After this, it cut down to around 100 companies.
For each company, i went to thestar.com and checked the company renevue, profit and EPS for the last 4 qtrs. This is good to practice. You will discover some of the company actually making profit from qtr to qtr.
Ignore those company that having negative profit or EPS. Sometime, you will realize certain "so call" good company is making lost. Then, you are alerted.
After above, you may cut down to 20 to 30 companies. Then, go back to bursa website. Check their annual report. See if they are making profit from the past 5 years.
Another cut from here. Lastly, you have to spend more time to understand the company lar ...
Practice, practice, happy practice ... we can learn together ...
i find out that reading the annual report book is waste of time, its the info inside the book that we really need , and i can find out all the info of all the listed companies in klsetracker.com
cold eye investing method is sound, but too slow, and it need heavy capital.. not something little small fish can afford it.
long term on good companies? it really hard to achieve that, unless i own minimum 5-10% of the company, and im one of the director, if not, what the point holding it?
PE below 10 ,ROE 15% , debt to equity less than 1 , etc etc i follow all the indicator , the stock just doesnt up!! it really frustrating.
and company like silver, harvest , smartag etc etc, all the balance sheet, profit and losses , all in red, but the stock still going up, it make me feel double frustrating.
hell, i might just study KLCI index companies, and buy index future contract or trade in commodities , trading in stock market is way too slow and too time consuming.
Hi, let's make this discussion as open as possible. i think we don't mind whatever method as long as we all making money. :)
Let's address the small fish first. (Please note that below is my opinion and it is NOT a recommendation) 1. Every month i save 10% of your salary. E.g.: 30% of RM3000 = RM300 2. After 10 months, i have a month salary savings RM3000 (RM300 x 10 months) 3. Another 10 months, i have RM6000. (No choice. That's my income)
With RM6000, i can choose from the following: A. Buy stock B. FD C. Simply keep in bank D. Invest by borrowing money (Use RM 6000 to pay the bank interest)
I am agreed with Fat Cat, buying top 20 stocks in KLCI is safe , earn dividend, supported by EPF and large financial institution and they are growing companies as well.
My experience told me, buy top 20, not 21 to 30 as these companies may out from the KLCI.
fankin , u very brave n aggresive to choose ( D ) invest by borrowing money from bank n pay use your rm 60000 to pay interest . ........... better think twice n trice , what if ur investment goes wrong . .......... nothing can be 100% sure in market , that is too risky .
Hi, yes. RISK is the key and I always remind myself also. Then, the investment must be careful. I share my experience / opinion. I borrowed 10K and bought Maxis @ rm 5.30. Interest rate was around 4.5 % pa. So, a year is about rm450. I keep two principles in mind: 1. If maxis price goes further down, will I buy more. If yes, it means I buy Maxis @ cheap price. 2. I didn't really pay rm450 bcoz Maxis gave rm400 dividend. So, I borrow 10K at rm50 a year. 3. For a small fish like me, we can't profit from dividend but only when the share price go higher. 4. Worst case is I continue to hold this blue chip with a backup fund of rm6000. 5. Blue chip goes bankrupt chance is less than 50%. It means my chance to gain from blue chip is more than 50%. 6. I can focus my job without worrying Maxis.
Above can only apply to really really good company. It's safe. The only thing is you must be patient. But chances to lose is very low.
Well, may I suggest some alternatives and my thoughts after reading your metohds:
1. Buy in small lots of those blue chip counters month/quarterly. rather than borrowing with interest. In this way you enjoy both dividend and captial appreciation.
2. If you have moeny to buy but share price too high, wait until it retrace. Cos when a stock is in uptrend there will be retracements then buy @ the support.
Yes. Agreed. Even Fong SiLing also does not encourage people borrow money to buy share.
But he also encourage young people to take risk. I interpreted as when you have a stable income, a small investment amount and you are young. You could take small risks.
I did a comparison study as below. Assuming i have 10K savings for investment.
case 1: Just take my above Maxis case, i borrow 10K for two years. Total interest that i need to pay is about rm 100 per year (rm 50 x 2 years). Easily can settle.
case 2: I use my 10K savings to invest Maxis. After two years, i should get dividend with RM 1600 (as 2000 shares x rm800 dividend x 2 years) - Maxis gave about rm 400 each year.
If we could combine case 1 & case 2, we gain RM 1500 dividend (Use RM 100 to pay interest) and stock appreciation.
Most KLCI companies are doing this practice.
If the stock price depreciate, the RM 1500 can cover few years interest pays. We could choose to cut lost or wait for the stock to appreciate or add more money.
In fact, we shouldn't worry about it as long as the company profit keeps increase. We should worry when the company making lost. I believe CEO of the company is more worrier than us.
In summary, it depends on how much risk we can take and whether we want to do "Big Business" or "Small Business" and there is a way to do it.
Investment isn't how many entry/exit you had made, it's all about how strong holding power you're! No matter "good counter" or "bad counter" , I won't encourage people to borrow money for investment, you had lose you first step - holding power.
But of course, I prefer"good counter" based on own study after all.
In fact, i am not really encourage people to borrow money for investment but appropriate borrowing is good for those people who knows what they are doing.
BTW, Fong SiLing has raised a situation that i think it is good to discuss as well.
Let's for example, EAH counter. Based on its past annual reports. In term of PE, EPS, revenue, profit, and bonus. All are increasing slowly. But somehow, the share price is dropping. It goes different direction as its company performance direction.
- what's wrong with the counter? - what's the right price then? - worth to invest if its price goes down 50% further?
Any thoughts? As i find it is a good opportunity for small investor.
Fong used to mention below two points: - Most of the index stocks, their intrinsic value is almost reflected in their current share price already - Earnings from these index stocks always have the limits
chart nexus can be used to count return? let say i invest rm10k in Maybank in jan 2001. After that, no more additional investment. all the dividend received not used to reinvest. not buy right issue.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
fankim
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Posted by fankim > 2012-06-14 00:00 | Report Abuse
I feed good today because i found Fong SiLing name in 2011 annual report.
It proves that i could find a good company by myself (using Fong's formula)