Hibiscus will always be a tricky share....It will produce good cashflows but...
-treatment of its $ 1.5 billion goodwill will determine its profits - Have seen a lot of valuations based on PE....but what is its true valuation based on its reserves, goodwill etc....? - like valuing a property share based on last year profits.....
..this has been a good trading share for me...the last time I sold at $ 1.04.....
me? I am a trader....its me vs the market.....I got no customers.
and about Koon.....in my 2 years dealings with Koon, I find him actually too honest......I wouldn't be so honest......but he says he can afford the losses.....so, let it be la........
Excellent sharing by bro Jon Choivo in conversation with Sifu OTB
Here we get to see first hand the success of momentum trading in bull run time.
AND also Uncle Koon's opinion on qqq3
To justify what Sifu OTB said in the interview Uncle Koon should come out in the open to back up OTB's words
This will put to rest once and for all the quack x3's credibility
Do not condone the evil of qqq3 by keeping silent, Uncle Koon. You owe it to ITB
Now may I add
Calvin has invested 95% capital in real estate. OTB thinks it is tangible and safe. So do I. In shares you hand over control to Directors even though the Company has assets of great value
A Company Director if not honest could sell off these assets cheaply to his friends or proxy
So by buying houses we have complete 100% control. We can rent out the house or sell the house after it has appreciated in value
datuk ooi teik bee,mind sharing,which counter u 1st bought that make u rise from the doldrums? another question is which counter u make the most since 2009?
Many i3 readers missed the big picture. All experienced investors already knew - Malaysian stock market is not a place to build and preserve wealth. The stock market is a good place to build up short term cash. The real wealth builder in our country is still real estate. The rule of thumb is always set apart a portion of your stock market winnings to real assets. In the long term, I would say only 2% listed companies would stay at the top of their business throughout its life cycle. We dont know when Nestle or Public Bank would implode. Nobody could swear that they wouldnt blow up like Genting, Gamuda or Myeg. Go out and buy some properties with little leverage. With time, most would do better than staying in the stock market.
OTB got burnt almost hangus b4 during 1998 Asia Crisis n he learnt the hard lessons...
When he made good profit fm 2012 to 2017 (especially in 2014/2015 during export parties n the beginning of the legendary koon bee system) he started to diversify n park some of his profits/ cash in property n also in cash....can always sleep well at nights n prepare for another mkt crash mega sales...
Anyway i dont believe he lose money this year though he admitted so...
How could he lose money? He is always the first one to buy n to sell
If i m not mistaken palm oil counters were doing fine even in 1998...however in 2008 all sectors dropped like hell...fast n furious...in 2014 export sectors were doing extremely good...in 2018 glove co are superb....2019 leh???
My friend Getha company these few years earn big bucks from rubber as well, exporting to other countries for quality beds. Not only glove companies that uses rubber
Extremely good companies are extremely rare. Regardless of which market.
Now you may think, i can find so many in the US market.
Well, US have 25,000 listed companies. We have 950.
Of course you can find a few more. But % wise its the same.
==== Posted by Flintstones > Dec 25, 2018 08:43 AM | Report Abuse
Many i3 readers missed the big picture. All experienced investors already knew - Malaysian stock market is not a place to build and preserve wealth. The stock market is a good place to build up short term cash. The real wealth builder in our country is still real estate. The rule of thumb is always set apart a portion of your stock market winnings to real assets. In the long term, I would say only 2% listed companies would stay at the top of their business throughout its life cycle. We dont know when Nestle or Public Bank would implode. Nobody could swear that they wouldnt blow up like Genting, Gamuda or Myeg. Go out and buy some properties with little leverage. With time, most would do better than staying in the stock market.
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....
CharlesT
14,953 posts
Posted by CharlesT > 2018-12-24 17:39 | Report Abuse
Did he buy curry mee?