Posted by stockoperator > 2014-07-23 15:29 | Report Abuse

Can't say i don't agree as figures speak louder.

Have to be selective though. KC, i keep on thinking of Keck Seng as to be one of the major net asset play every time you mentioned net asset play.

Can offer some opinion?

Posted by chonghai > 2014-07-23 17:34 | Report Abuse

kcchongnz , nice experiment and wonderful conclusion.
One thing to take note, the quality of NCAV is important. For property counters, the asset is mostly land. If you perform the same on industrial product counters where the NCAV is in equipment and factory, the result would probably be poor.

Posted by calvintaneng > 2014-07-23 19:04 | Report Abuse

Very Good!

Great Post!

I am happy to say I own all the 10 Net Net Value Stocks Except For Kuchai. I missed Kuchai. Hope I can get some Kuchai on weakness. For KESM I also bought its related Company in Singapore called Sunright.

Posted by Steven Yong > 2014-07-23 19:20 | Report Abuse

NoW is another playing. Mainly tech stocks, you see redtone, ock, inari, notion, ghl, etcs

Posted by Steven Yong > 2014-07-23 19:27 | Report Abuse

I think the return lies in when do you purchase the share. What is entry point once you know it is a great deal?

Posted by stockoperator > 2014-07-23 19:56 | Report Abuse

Well,

1)asset mispricing on property could be seen as very illiquid assest in the future, longer gestation period, unfavorable policy, rising rate and so on. Hard to say that market is always wrong on mispricing.

2) Business mispricing could be due to passive and conservative management, risk exposure, missing earning target due to high expectation, stagnant growth and so.

End of day up to us to observe and evaluate the mispricing is correct, wrong, Or overdone. And take advantage of Mr Market.

TQ

Posted by stockoperator > 2014-07-23 20:08 | Report Abuse

Having said that, always tons of mispricing in the market due to different perspective and time horizon i guess.

Posted by stockoperator > 2014-07-23 20:59 | Report Abuse

1)Nothing bad happens for past one year as anticipated so market naturally closing up the discount.

If something bad happens, the discounts will be further widening up.

2) Same as we give premium to good business value, But if company misses the target, the premium will be wiped out Or even go into discount.

So be Conscious if we are right or wrong. Having said that, it is safer to Buy at Discount and Sell at premium, right?

Posted by SS661M > 2014-07-27 22:48 | Report Abuse

I think the above mentioned stocks are no longer candidates for Graham Net2 since prices have rise significantly. Since they are not good earner nor Graham's Net2 candidates, is that means they are not worth investing?

Posted by calvintaneng > 2014-07-28 00:37 | Report Abuse

Share Prices Are Not Static. It moves from undervaluation to overvaluation and then back from overvaluation to undervaluation again. This is especially true for cyclical stocks.

For utilities and growth stocks we can ride on them as long as fundamental is intact.

We must buy below intrinsic value and sell above intrinsic value.

Our Focus Must Then Be On Undervalued Shares overlooked by the General Market.

Posted by solangeAM > 2014-07-28 00:56 |

Post removed.Why?

Posted by kcchongnz > 2014-07-28 12:27 | Report Abuse

Posted by solangeAM > Jul 28, 2014 12:56 AM | Report Abuse
WTF Graham Net Net my foot.
You are talking as if only these few counters selected by you have gone up, take a look at the whole market will yea, can't you see ALL the counters have gone up?

1)Did anyone say that only these few counters have gone up?
2)"All the counters have gone up"? You sure? I don't think I can see it.
3)Which period you are referring to that "All the stocks have gone up"?
4) Give me the period you are referring to and do you want me to show you some stocks have gone down during this period?
5)How is the performance of the broad market for the period you are referring to? Please substantiate.
6)Can you show us your portfolio of stocks which "have all gone up"? Can substantiate if you have posted somewhere before and show evidence that they "have all gone up".
7) Can you compare your "stocks that all have gone up" with the broad market? Surely you need a reference bench mark, don't you?

I am sure you can substantiate your statement above.

Posted by solangeAM > 2014-07-28 13:46 |

Post removed.Why?

Posted by AyamTua > 2014-07-28 13:57 | Report Abuse

let us all lived in peace here .... so long we all make money... Saling maaf memaafkan Selamat Hari Raya Aidilfitri.. Happy Holiday ..... hihihihi

Posted by kcchongnz > 2014-07-28 14:40 | Report Abuse

Posted by solangeAM > Jul 28, 2014 01:46 PM | Report Abuse
I have invested by using the ears and my chances of hitting the same return as you have been more or less the same, meaning your Graham's approach return is more or less the same as my ears' return as such yours and mine returns should be due to excess liquidity in the market and nothing more

Ok, ok, ok, great investing strategy you have; investing using ears. Congratulations.

But have you given us your guidance to my questions above so that we can learn from you? Anyone of them?

Posted by John Lim > 2014-07-28 22:18 | Report Abuse

Is there a software we can use to screen thru and shortlist net-net stocks?