Posted by truthseeker1 > 2015-05-14 20:45 | Report Abuse

As usual bias is prevalent in his blogs. Why only his counters got cash?

Posted by sephiroth > 2015-05-14 20:49 | Report Abuse

Mmode = CASH IS KING co.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=186226&name=EA_FR_ATTACHMENTS

Total shares 162.7095m

Total cash 27.6 sen per share (44.907m/162.7095m)

Total borrowings puny 1.07 sen(1.747m/162.7095m)

Posted by YiStock > 2015-05-14 21:26 | Report Abuse

mr kcchong, may i ask..when u diagnose a company's financial,there are always two parts: NOPAT and comprehensive income after tax (usually involved foreign ccurrency translation gain/loss. May i know:
1) which figures is more reliable to use? certain company has high portion of forex gain/loss against NOPAT, year in year out, making the comprehensive income especially high.
2) do u consider to use comprehensive income if forex play big role on company 's day to day biz..or strictly to look on NOPAT still.

Apreciate your kind feedback. Tqvm

Posted by chrisyap > 2015-05-14 22:21 | Report Abuse

yes yes mmode is cash rich ! kiki

Posted by CCCL > 2015-05-14 22:51 | Report Abuse

Eksons have more than 70cts cash per share, sadly directors too stingy :(

Posted by truthseeker1 > 2015-05-14 22:53 | Report Abuse

Perhaps stingy people likely to have a lot of cash. What are Bursa stingy counters?

Posted by 爱丽丝 梦幻世界 > 2015-05-14 23:30 | Report Abuse

kcchong, u are right. i agree "business important"! Appreciate ur post & i learn a lot from u. still remember last time: Stocks less than 50 sen but not too bad as investment?

Posted by kcchongnz > Dec 24, 2012 08:16 PM | Report Abuse

al833D, you like NTPM? Me too.
Great consumer stock too. Revenue has been growing nicely for the past years. Its profit dropped the last two years though due to rise in cost of material, paper and pulp, and other operating costs. Its recent quarterly results improved immensely. Trailing twelve month earnings per share of about 4 sen and PE about 10. Undemanding market valuation. Seems like potential of further operating improvement. A re-rating soon?
http://www.intellecpoint.com/search?q=ntpm
You also like Keladi, Skpres, InaRi and Cheetah pwroot. Could you tell us why you like them, preferable with some numbers? I also hope others input their opinions and analysis too. You know it is only that much I alone can do. Thanks first.

Posted by 爱丽丝 梦幻世界 > 2015-05-14 23:30 | Report Abuse

http://klse.i3investor.com/servlets/pfs/25991.jsp

Posted by The One > 2015-05-15 01:12 | Report Abuse

l|[•]|l Excerpts from many sites and also my own views: Malaysian bourse used to be an exciting place to invest but that was in the past and not anymore. Bursa failed to curb predetermined fates of counters.. corrupted analysts.. published rumours that later faded away or denied.. mainly controlled by syndicates and and their heaven for money laundering and squeeze money from our coffers.. thus.. exit while you can and dont fall trap to them and your egos •

l|[•]|l Farewell Bursa Malaysia •

Posted by sunztzhe > 2015-05-15 01:33 | Report Abuse

I shall focus on the right business model, the industry type it competes in, the right competent management structure to execute the biz strategy and the right entry price...the rest are secondary.

Posted by kcchongnz > 2015-05-15 04:51 | Report Abuse

Posted by YiStock > May 14, 2015 09:26 PM | Report Abuse
1) which figures is more reliable to use? certain company has high portion of forex gain/loss against NOPAT, year in year out, making the comprehensive income especially high.

Me: I always view foreign exchange gain/loss as a one-off item and it is not representative of the performance of a company. Foreign exchange rate goes up and down every year at random and unpredictable. I would ignore that, including other one-off items such as revaluation of land, gain/loss of disposal of an investment etc.

2) do u consider to use comprehensive income if forex play big role on company 's day to day biz..or strictly to look on NOPAT still.

I only use NOPAT or net profit.

Posted by YiStock > 2015-05-15 06:09 | Report Abuse

Thank you very much mr kcchong

Posted by skyz > 2015-05-15 08:35 | Report Abuse

Go..go..go.....tp 20c ...tomolo <<< this one always can see, spinned by Dr Warrant at Nexgram forum. lol

Posted by NOBY > 2015-05-15 08:46 | Report Abuse

Very true... very seldom you see analysts talking about cashflow or measuring a company from the health of its cashflow...

Posted by fayeTan > 2015-05-15 10:17 | Report Abuse

good writeup... Price To Cash Flow may be better than Price To Earnings Ratio

Posted by kcchongnz > 2015-05-15 10:28 | Report Abuse

Posted by NOBY > May 15, 2015 08:46 AM | Report Abuse
Very true... very seldom you see analysts talking about cashflow or measuring a company from the health of its cashflow...

Perhaps one of the reasons why analyst don't talk about cash flow is probably they think the message won't be properly disseminated anyway. Just read the posts below. Despite a lengthy writeup by me on what cash flows are, they talk about completely different thing.

But if one wants to invest successfully in the stock market, investing in a piece of any business, I think you must think like what businessmen think. Don't you agree?



Posted by sephiroth > May 14, 2015 08:49 PM | Report Abuse
Mmode = CASH IS KING co.
Total shares 162.7095m
Total cash 27.6 sen per share (44.907m/162.7095m)
Total borrowings puny 1.07 sen(1.747m/162.7095m)

Posted by chrisyap > May 14, 2015 10:21 PM | Report Abuse
yes yes mmode is cash rich ! kiki

Posted by CCCL > May 14, 2015 10:51 PM | Report Abuse
Eksons have more than 70cts cash per share, sadly directors too stingy :(

Posted by truthseeker1 > May 14, 2015 10:53 PM | Report Abuse
Perhaps stingy people likely to have a lot of cash. What are Bursa stingy counters?

Posted by YiStock > 2015-05-15 10:33 | Report Abuse

Mr KC, any general guide on "Cash per share" a company should reasonably retained/maintained in order to optimize the opportunity and risk? Thank you

Posted by NOBY > 2015-05-15 10:35 | Report Abuse

KC, maybe you should rename title to Cashflow is King instead of Cash is king... haha

Posted by contemplator > 2015-05-15 10:35 | Report Abuse

The research reports from bank= Collection of free jokes

Posted by speakup > 2015-05-15 10:41 | Report Abuse

looking for a Cash rich company.... try MPHBCAP

Posted by speakup > 2015-05-15 11:07 | Report Abuse

MPHBCAP:
Cash RM595M
Borrowing RM63M
Shares issued 715M
Net cash per share RM0.74/share!

Posted by adcool > 2015-05-15 11:48 | Report Abuse

unfortunately, some companies with healthy or in fact high cash flow are considered risk averse companies and with no growth potential. Hence, their counter prices are forever uninteresting. On other hands, some pump up their cash with more debts or selling of assets. Hence, should always take this into consideration.

Posted by kcchongnz > 2015-05-15 11:58 | Report Abuse

Posted by YiStock > May 15, 2015 10:33 AM | Report Abuse
Mr KC, any general guide on "Cash per share" a company should reasonably retained/maintained in order to optimize the opportunity and risk? Thank you

My rule is if a company has high return on marginal capital and has good opportunity for reinvestment opportunity for growth, it should retain as much as possible its earnings for growth.

On the other hand, if a company has no opportunity for growth, whatever it earns should distribute all to its shareholders, even if it has high return on capital.

Posted by YiStock > 2015-05-15 12:25 | Report Abuse

Mr KC, "High return of capital" different from " high return on marginal capital"?

Posted by kcchongnz > 2015-05-15 12:46 | Report Abuse

Posted by YiStock > May 15, 2015 12:25 PM | Report Abuse

Mr KC, "High return of capital" different from " high return on marginal capital"?

Marginal capital is earnings retained for the next year. If that retained earnings can made return higher than the cost of capital in the following year, then it is good as it is a wealth maximizing action by the management.

The easy way to look at it is to see if the return on capital is increasing year after year. This is not an easy feat. Moreover, the past may not represent the future.

Posted by YiStock > 2015-05-15 12:52 | Report Abuse

Mr Kc, 受教. Deeply appreciate. Thank you

Posted by kcchongnz > 2015-05-15 13:24 | Report Abuse

Posted by truthseeker1 > May 14, 2015 08:45 PM | Report Abuse
As usual bias is prevalent in his blogs. Why only his counters got cash?

Oh, that is the way you digest an article. Strange.

Never mind, can share with us your counters with goo cash flows from operations and free cash flows ah?

Posted by kcchongnz > 2015-05-15 15:32 | Report Abuse

Posted by 爱丽丝 梦幻世界 > May 14, 2015 11:30 PM | Report Abuse
kcchong, u are right. i agree "business important"! Appreciate ur post & i learn a lot from u. still remember last time: Stocks less than 50 sen but not too bad as investment?

Alice, you brought back my memory here.
http://klse.i3investor.com/servlets/discuss/167643.jsp

Congrats Alice. Your portfolio return 162% from 1/1/13 to 14/5/15, amazing. Better than the KLCI of 13.5% during the same period. You did it your way. Below is your result, fantastic. It is better to discuss and share isn't it? Rather than throwing shit around like these three guys below, or one guy?

1/1/2013 14/5/2015
Stock Name Ref Price Adj Price Price now Change %change
NTPM 5066 0.450 0.410 0.720 0.310 68.9%
Inari *0166 0.395 0.360 3.360 3.000 759.5%
Keladi 6769 0.215 0.210 0.290 0.080 37.2%
PWRoot 7237 1.170 1.110 1.720 0.610 52.1%
SKPRes 7155 0.350 0.330 1.010 0.680 194.3%
Cheetah 7209 0.490 0.460 0.490 0.030 6.1%
Pantech 5125 0.675 0.610 0.730 0.120 17.8%

Average 162.3%
Median 52.1%
KLCI 1675 1579 1805 226 13.5%





Posted by iafx > Jul 31, 2013 11:27 AM | Report Abuse
si-tipu-roti-canai, don't copied and modified other's comment again, ok?! enjoy your 38%.... hahahahahaaaaaaaa....


Posted by donfollowblindly > May 12, 2015 09:21 AM | Report Abuse
Newbie a lemon pick from kcchong which is total gone case in just 9 months ago. Stocks indicated in the above blogs is not totally gone case some may take longer time to recover.
http://klse.i3investor.com/blogs/kcchongnz/58905.jsp


Posted by truthseeker1 > Oct 18, 2014 08:53 PM | Report Abuse
Maybank C6. Recommendation time 10.5sen. Now 4.5sen Loss 6sen. If follow KCChong advise to invest 960,000shares at 10.5sen, Maybank C6 value will drop to RM43,200 a loss of RM57,600 in less than 2 months. Stock market is not a place for fun(last paragraph), genting casino or gambling is. KC why so quiet on this blog?

Posted by kcchongnz > 2015-05-15 18:23 | Report Abuse

Posted by The One > May 15, 2015 01:12 AM | Report Abuse

l|[•]|l Excerpts from many sites and also my own views: Malaysian bourse used to be an exciting place to invest but that was in the past and not anymore. Bursa failed to curb predetermined fates of counters.. corrupted analysts.. published rumours that later faded away or denied.. mainly controlled by syndicates and and their heaven for money laundering and squeeze money from our coffers.. thus.. exit while you can and dont fall trap to them and your egos •

l|[•]|l Farewell Bursa Malaysia •


I have shown again and again that value investing works, and it continues to work, and it works very well, extremely well I would say, despite of all what you have mentioned.

The trick is do not fall into their tricks. Play your own game, in your own field.

Learn some fundamentals of value investing. Learn how to fish. Don't eat rotten fish thrown to you.

There ain't no fairy in Bursa.