Posted by curious2 > 2017-08-19 16:55 | Report Abuse

Why Parkson is Icap 3rd largest in qty shares held?

Posted by stockraider > 2017-08-20 10:56 | Report Abuse

No one can predict when great market crash will come, but if u cry wolf many time, surely one day it will come loh....!!

Our local warlann TTB of Icap had been predicting market crash, mkt crash since 2010....now 2017 also no crash loh...!!
Since he is preparing for crash he kept more than 60% cash for the dooms days loh....!!

This local warlann miss alot of opportunity loh....!!
In fact mkt composite is around 1560 in 2011, compare with the index now 1776,in fact he would have done well, just systematically investing in the stock market alone dumb dumb, even without considering his skill of stock picking loh..!!

Btw the local warlann is a good stock picker...he pick good stock like vitrox, wellcall when it is a penny stock etc, but the problem, is that he time the mkt badly loh....!!
In addition his other sin is he sell his winners and keep his losers loh...!!

Ben Graham and Warren Buffet suggested investors not to time the market when investing, always invest basing on finding good margin of safety fundamental stock and or growth stock with good prospect without looking at the state of the mkt or timing.

The day u cannot find anymore good stock to invest basing on your margin of safety formula, that means mkt is overvalue loh....!!
Overvalue is measure as an automatic value mechanism & not a mkt timing mechanism loh....!! (Mr Value not Mr Mkt}

Coming back to mkt crash, one day it will come...if u fear don fully invest loh....raider suggest u invest upto max 80% and balance keep liquid in instrument loh...!!

But don under invest bcos long run equity always win loh..!!....raider suggest u keep min 50% in equity loh...!!

Posted by stockraider > 2017-08-20 11:49 | Report Abuse

Coming back to icap in 2010, if icap worry & freeze about mkt crash...then icap would not had pick & buy Hengyuan at that time which trade at an overvalue Rm 10.40 to Rm 11.00 at pe 35x loh......!!

Thus icap is right not buying into HRC, which is overvalue in 2010, thus avoided major embrrassment unlike EPF, but icap was wrong not investing in other undervalue and growth prospect companies at that time, when there are plenty of good picks loh...!!

The point raider highlight here is..why 2010 Shell deserve PE 30x when its EPS is only Rm 0.35 leh ??
This PE 30x in 2010 is even higher than Pet DAG overvalue Pe 24x today loh..!!

Then why mkt fear in 2017 & say HRC overvalue today when it trade at only PE 4x with Eps of Rm 2.00 today leh ???

Why within a short period of 7 years the valuation of Hengyuan can swing for PE 30x to PE 2x(the price that kyy buy) leh ??

The answer is Mr Market mood is unpredictable & changes very fast loh..!!
U need to understand the business prospect and the value of business b4 u can take advantage mah....!!

Thats why u must have business sense & know how to value business b4 can be successful loh...!!

A good investors make big monies not only from buying into undervaluation, but they also benefit alot from upward rerating of stock, when the stock showed good performance loh...!!

Posted by Red_Apollo > 2017-08-20 12:24 | Report Abuse

Why Icap not disposing Parkson? Who sell at 53 sen? Affin Bank? So Affin Bank is actual loss?

Posted by joetay > 2017-08-20 12:41 | Report Abuse

@stockraider,

u must be joking when u said ttb is a good stock picker, rite???

this chief joker went to add parkson while reducing pet dag from 2006-2010 while his tong herr is still a paper loss of half mil after 10 yrs.

his only golden hit was and still holding is padini.

if he is a good stock picker as he said he is, his record proves otherwise. even a monkey paid rm1 of peanuts might do better than him.

Posted by notebook > 2017-08-20 12:46 | Report Abuse

look at the portfolio. i just can say old man old thinking

Posted by gohkimhock > 2017-08-20 13:42 | Report Abuse

i can tell you that this guy definitely is not a good stockpicker. I can pick better than him if given similar authority and position.

Posted by Ricky Yeo > 2017-08-20 13:47 | Report Abuse

Investing is like sex, everyone is so sure of themselves that they are better than TTB.

'Every job looks easy when you're not the one doing it' - Jeff Immelt, GE Corp

Posted by stockraider > 2017-08-20 15:04 | Report Abuse

Posted by joetay > Aug 20, 2017 12:41 PM | Report Abuse

@stockraider,

u must be joking when u said ttb is a good stock picker, rite???

this chief joker went to add parkson while reducing pet dag from 2006-2010 while his tong herr is still a paper loss of half mil after 10 yrs.

his only golden hit was and still holding is padini.

if he is a good stock picker as he said he is, his record proves otherwise. even a monkey paid rm1 of peanuts might do better than him.

NOT TRUE LOH....TTB IS A GOOD STOCK PICKER...RAIDER HAS UPMOST RESPECT..JUST THAT TTB GOT SWAYED FROM STOCK PICKING...AND TRYING TO TIME THE MARKET LOH...!!

HIS GOOD PICKS ARE PET DAG,INTEGRAX, F&N, VITROX,PADINI, WELLCALL ALL THESE STOCKS CONTRIBUTE A FEW BAGGERS RETURN LOH...!!

HIS PICKS GOT SO SUCCESSFUL AND HAVE SO MUCH GAINS....THAT HE CAN AFFORD TO SIT 7 YEARS & DO NOTHING BUT STILL CLAIM REASONABLE RETURN....BCOS OF PAST FEW SUCCESSFUL PICK HE MAKE EARLIER MAH...!!

Posted by MG9231 > 2017-08-20 15:06 | Report Abuse

stockraider, Warlan TTB sounds like real WBuffet Guru. ... you really laugh die me...

Posted by goldenluck16 > 2017-08-20 15:12 | Report Abuse

Wasted time and opportunity investing in ICAP.

Posted by stockraider > 2017-08-20 15:32 | Report Abuse

The Investment Portfolio of iCapital.biz Berhad - investbullbear
Author: Tan KW | Publish date: Sat, 19 Aug 2017, 04:45 PM
Saturday, 19 August 2017

INVESTMENT PORTFOLIO of iCAP
As of 31 May 2017, your Fund has not invested in unlisted investments and all other investments apart from securities listed on Bursa Malaysia Securities Berhad. The investment objectives and policies of your Fund have been consistently applied to its investment portfolio. Details of the investment portfolio of your Fund are as follows :-

Companies .... Shares .... Cost (RM) ....Value (RM)
....Impairment Loss (RM) .... Unrealised Profit/ (Loss) (RM)

1 APM Automotive Holdings Berhad.... 1,420,500.... 5,306,991.... 5,838,255
.... - .... 531,264

2 Boustead Holdings Berhad ....12,147,786.... 27,444,475 ....32,191,633
.... - .....4,747,158

3 Fraser & Neave Holdings Berhad ....517,600 ....3,923,846 ....12,588,032
.... - ....8,664,186

4 Malaysia Smelting Corp Berhad ....2,902,000 ....10,082,424 ....11,753,100
.... (2,392,124) ....4,062,800

5 MKH Bhd ....1,356,830.... 3,436,689 ....3,378,507
.... - .... (58,182)

6 Oceancash Pacific Bhd.... 2,230,000 ....1,249,861.... 1,627,900
.... - .... 378,039

7 Padini Holdings Berhad.... 19,000,000 .... 5,490,389.... 66,690,000
.... - .... 61,199,611

8 Parkson Holdings Berhad ....10,742,298 .... 21,202,731 .... 6,176,821
.... (14,327,660) .... *(698,249)

9 Selangor Properties Berhad ....1,666,400 .... 7,743,009 .... 8,282,008
.... - .... 538,999

10 Suria Capital Holdings Berhad ....9,244,400 .... 15,400,153 .... 19,690,572
.... - .... 4,290,419

11 Tong Herr Resources Berhad.... 2,579,300.... 6,045,732.... 9,388,652
.... (513,988) .... 3,856,908

Total
Cost (RM) 107,326,299
Value (RM) 177,605,480
Impairment Loss (RM) (17,233,772)
Unrealised Profit/ (Loss) (RM) 87,512,953

IMPAIRMENT LOSS

Parkson RM (14,327,660)
Tong Herr RM (513,988)
MSC RM (2,392,124)
Total RM (17,233,772)

As at 31 May 2017, impairment loss on investment in Parkson Holdings Berhad was RM14,327,660 due to decline in market value of Parkson Holdings. The market value as at 31 May 2017 was RM6,176,821 and the cost was RM21,202,731. This is considered significant under FRSIC issued Consensus 14 – Impairment of Investment in Equity Instrument categorised as Available-for-Sale Financial Asset. A decline in fair value below the original cost of the equity instrument that had persisted for more than 9 to 12 months would generally be considered as “Prolonged” and hence, be impaired. *As at 31 May 2017, the net unrealised loss for Parkson Holdings Berhad was RM698,249 together with the impairment loss of RM14,327,660 recognised as at 31 May 2017, giving the total unrealised loss of RM15,025,909.

For Tong Herr Resources Berhad and Malaysia Smelting Corporation Berhad, the impairment loss of RM513,988 and RM2,392,124 were made in the financial year 2014 and financial year 2015 respectively

DISPOSAL

This share was disposed during the financial year ended 31 May 2017

Tong Herr Resources Berhad

Shares 900,000
Cost (RM) 1,809,579
Disposal Value (RM) 1,744,242
Realised Loss (RM) 65,337

Description of the Companies Businesses

APM Automotive Holdings Berhad APM

Automotive is a Malaysian automotive parts manufacturer that has expanded rapidly to become a major regional supplier and is expanding globally.

Boustead Holdings is one of the largest conglomerates in Malaysia, with business spanning 6 sectors; namely, plantation, heavy industries, property, finance and investment, pharmaceutical, and trading and industrial.

Fraser & Neave Holdings (F&N) is a leading manufacturer and distributor of soft drinks and dairy products under various brands. F&N’s property division was formed to unlock the value of its freehold properties in Klang Valley.

The MSC Group is currently one of the world’s leading integrated producers of tin metal and tin based products and a global leader in tin smelting.

MKH is a well-known property developer. Apart from property development, MKH has ventured into other businesses such as oil palm cultivation, furniture manufacturing and trading.

Oceancash Pacific is a manufacturer of resonated and thermoplastic felts. The group has expanded its range of product and services.

Padini is a leading retailer of its own fashion labels through freestanding stores, franchised outlets and consignment counters in Malaysia and abroad.

Parkson is a leading operator of department stores in Malaysia, China, Vietnam, Indonesia, etc.

Selangor Properties is involved in property investment and development, and investment holding.

Suria Capital is the leading port operator in Sabah. Apart from the port operations, the group has ventured into other businesses, including property development.

Posted by joetay > 2017-08-20 16:42 | Report Abuse

after factoring fees of ard 2%/yr and his average performance of ard 6.5% gain/yr for the past 10 yrs, chief joker ttb's net gain is 4.5%/yr, abt 1.5% higher than average mgs 1yr or 1-1.4% higher than malaysian banks' 1 yr fd rates over the same time period.

after so much self-advertising and promotion, only manage an average 1+%/yr higher than risk-free interest for the period. one wld be expecting chief joker ttb to perform better.

Posted by 3iii > 2017-08-20 16:54 | Report Abuse

"The first thing is to be honest with yourself."

Nelson Mandela

Posted by 3iii > 2017-08-20 17:03 | Report Abuse

The biggest winner in iCap is the fund manager.

He has delivered good returns since the inception of this iCap closed end fund.

Few can complain.

However, the fees for asset management have to be revised.

It is just too lucrative favouring the asset managers, at the expense of the investors.

Warren Buffett has written a fine piece in his recent newsletter on this topic




2017 (RM) …. 2016 (RM) …. % Change

Fund management fee 3,263,523 …. 3,075,342 …. 6.1%

Investment advisory fee 3,263,523 …. 3,075,342 …. 6.1%

Posted by calvintaneng > 2017-08-20 17:10 | Report Abuse

Posted by 3iii > Aug 20, 2017 04:54 PM | Report Abuse

"The first thing is to be honest with yourself."

Nelson Mandela


IT IS EASY TO QUOTE LOH!

BUT IS 3iii HIMSELF HONEST?

SEE

On September 20th 2013

Calvin called for a buy on Pm Corp at 15 sen (3iii opposed & said Pm Corp is a gruesome company & valued Pm Corp at 14.4 sen only)

Ha! As of now Pm Corp is 18 sen (and after adding Cash Payout of 8 Sen Pm Corp is 26 Sen}

So There is 11 sen gain for Pm Corp after just short of 4 years

Hmmm?

11 sen profit for 4 years = 2.75 Sen Per Year

Or 18.3% Yearly for 2014, 2015, 2016 & 2017 years

Now let's take a Look at Dutch Lady

Dutch Lady was Rm46.46 on September 2013

Today Dutch Lady is Rm59.20 or up Rm12.74

And divided by 4 years it is up Rm3.18 or 6.8% only. Even if you add another Rm9.60 for dividend (of 4 years)

or 5.1% - Dutchlady at 11.9% Still Lose to Pm Corp at 18.3% yearly gain

SO 3iii Keep Denying his silly mistake!

IS 3iii Honest?

A BIG NO!!!!!

IN HIS PM CORP ASSESSMENT!!!!

HUHUHU!!

Posted by 3iii > 2017-08-20 17:32 |

Post removed.Why?

Posted by 3iii > 2017-08-20 17:42 |

Post removed.Why?

Posted by 3iii > 2017-08-20 17:46 | Report Abuse

>>>Posted by 3iii > Aug 20, 2017 04:54 PM | Report Abuse

"The first thing is to be honest with yourself."

Nelson Mandela


IT IS EASY TO QUOTE LOH!

BUT IS 3iii HIMSELF HONEST? <<<


The answer is YES.

Many here cannot see this because they wish opinions on a stock to be the same as theirs.

:-)

Posted by 3iii > 2017-08-20 18:02 |

Post removed.Why?

Posted by Patron > 2017-08-20 18:05 | Report Abuse

Kiki Calvin is preaching his bullcraps again. On Sunday . After church. LOl

Posted by calvintaneng > 2017-08-20 19:42 |

Post removed.Why?

Posted by 3iii > 2017-08-20 22:38 | Report Abuse

<<<<<<iii is not honest to admit he is wrong on Pm Corp

See according to Peter Lynch there are 6 classes of stocks

http://www.patheos.com/blogs/faithandfinance/2011/08/03/6-stock-categories-peter-lynch-uses/

Pm Corp falls into the category of Assets Play

You are either dishonest or dumb>>>>

PMCorp
http://chart.bursamalaysia.com/cache/charts.pl?type=plc_profile&id=4081.MY&duration=1825d

2011 9 sen per share
Today 18 sen per share
100% over 6.5 years.

DLady
http://chart.bursamalaysia.com/cache/charts.pl?type=plc_profile&id=3026.MY&duration=1825d

2011 RM 15 per share
Today RM 59 per share
393% over 6.5 years.

Calvintaneng

I just don't understand calvintaneng. I am very honest in all my postings.
Is he honest too?

Posted by 3iii > 2017-08-20 22:48 | Report Abuse

>>>>Posted by calvintaneng > Aug 20, 2017 05:10 PM | Report Abuse

Posted by 3iii > Aug 20, 2017 04:54 PM | Report Abuse

"The first thing is to be honest with yourself."

Nelson Mandela


IT IS EASY TO QUOTE LOH!

BUT IS 3iii HIMSELF HONEST?

SEE

On September 20th 2013

Calvin called for a buy on Pm Corp at 15 sen (3iii opposed & said Pm Corp is a gruesome company & valued Pm Corp at 14.4 sen only)

Ha! As of now Pm Corp is 18 sen (and after adding Cash Payout of 8 Sen Pm Corp is 26 Sen}

So There is 11 sen gain for Pm Corp after just short of 4 years

Hmmm?

11 sen profit for 4 years = 2.75 Sen Per Year

Or 18.3% Yearly for 2014, 2015, 2016 & 2017 years

Now let's take a Look at Dutch Lady

Dutch Lady was Rm46.46 on September 2013

Today Dutch Lady is Rm59.20 or up Rm12.74

And divided by 4 years it is up Rm3.18 or 6.8% only. Even if you add another Rm9.60 for dividend (of 4 years)

or 5.1% - Dutchlady at 11.9% Still Lose to Pm Corp at 18.3% yearly gain

SO 3iii Keep Denying his silly mistake!

IS 3iii Honest?

A BIG NO!!!!!

IN HIS PM CORP ASSESSMENT!!!!

HUHUHU!! <<<<<


It is so important for Calvintaneng to show that he is better in his investing than everyone else.

The truth is he is not.

PMCorp share price went up 100% since 2011 to today.

Over the same period, DLady share price went up 393% (almost 400%) not including dividends received.

Therefore, the returns from DLady for the 6.5 years from 2011 to today is 4x higher than PMCorp for the same period.

Honesty must begin with yourself.

Calvintaneng please take note.

Posted by calvintaneng > 2017-08-20 23:00 |

Post removed.Why?

Posted by stockraider > 2017-08-20 23:15 | Report Abuse

From my past dealings with 3iii, he is not that honest loh....!!
He like to bad mouth other people stock, when it gain alot and do not fall in his own buy list loh...!!

Raider still remember how 3iii bad mouthed many multi bagger stock loh...!!

Insas
Lcth
Pmcorp
Excel force
DRB
Petron
Kesm
Hengyuan

All those stock he bad mouthed all turn into a multi bagger in a very short period loh...!!

Posted by 3iii > 2017-08-20 23:20 |

Post removed.Why?

Posted by calvintaneng > 2017-08-20 23:22 | Report Abuse

3iii

Better repent!

Sifu StockRaider is correct!

Posted by 3iii > 2017-08-20 23:30 | Report Abuse

>>>Insas
Lcth
Pmcorp
Excel force
DRB
Petron
Kesm
Hengyuan <<<


Few has beaten the returns given by DLady since 2011 (400% over the last 6.5 years).

Posted by stockraider > 2017-08-20 23:34 | Report Abuse

Haiyah...just to name a few that beat Dlady under my list are Eforce, Kesm and Gengyuan loh...!!

No need 6.5 years loh....!!

Hengyuan about 8 mths already more than 300% mah...!!