Auditor only concerned is to impair overdue receivable that in his opinion is unable to recover. Minority shareholder interest is why no legal action taken to recover the receivable? Example: JAKS sold 51% JIC to ICD for consideration of RM 1.00 and report gain on disposal but then without telling anyone the intercompany loans to JIC is impaired or to be impaired in the future.
Bro @Sslee, a very good point; but the article is on ARBB. I support you on JAKS, please continue your 'enlightment' in JAKS forum. I have had highlighted to DK that JAKS coal power plant might needs to be converted to gas fired furnace in the near future due to environment issues; not as rosy as promoted..
@Ikongwee, a very good article. I have wondered ICPS investment is correct; you have highlighted you are buying into ARBB ICPS strengthened my ICPS investment strategy..if possible, please write more on the reason of ICPS investment. TQ. Happy Trading
Thank you for your opinion on ARBB, I had been following you on the pursuit on JAKS for some time. I think both companies are different case in nature, and let's give some more time for ARBB to prove themselves - I mean, they did not choke minority shareholders like JAKS do!
my approach to investing, (not trading)..............certainty that my findings is the reality is the most important. of course, smaller and newer the company the less certain...bigger and older the company more certain. Smaller the company, faster and bigger the profits if correct....so, it is always a balance between certainty and small.
investing in Malaysia? only advisable if u got real inside information that the company is misunderstood by the public and that is much better than the public thinks. ..no inside info, don't know the directors, only depend on public info....forget it lah......not advisable....look at bigger markets like HK/ Wall Street better....Bursa, only if got inside info or know the directors personally.
investing in Malaysia? only advisable if u got real inside information that the company is misunderstood by the public and that is much better than the public thinks. ..no inside info, don't know the directors, only depend on public info....forget it lah......not advisable....look at bigger markets like HK/ Wall Street better....Bursa, only if got inside info or know the directors personally.
ss..........one the secret.......over/ under valuations is never the first criteria.
a strategic brain....as of today I don't know any company in malaysia I can pick with a strategic brain.....but HK and wall Street I have JD., Xiami, GM, Oracle, Nokia..( for a few months already) ..all using my strategic brain.
nvesting in Malaysia? only advisable if u got real inside information that the company is misunderstood by the public and that is much better than the public thinks.
when I say inside info, and knowing the directors , I don't mean the public info u can find in Insas Balance Sheet...........i mean the X factors that the directors can enlighten u.....and u trust their judgements, integrity, honesty, implementations, big picture and smaller pictures....such as D & O, DIY , and other shares that did well.
when I say inside info, and knowing the directors , I don't mean the public info u can find in Insas Balance Sheet...........i mean the X factors that the directors can enlighten u.....and u trust their judgements, integrity, honesty, implementations, big picture and smaller pictures....such as D & O, DIY , and other shares that did well....on a fudamental basis and supported by long term investors, not the trading by directors.
when I say inside info, and knowing the directors , I don't mean the public info u can find in Insas Balance Sheet...........i mean the X factors that the directors can enlighten u.....and u trust their judgements, integrity, honesty, implementations, big picture and smaller pictures....such as D & O, DIY , and other shares that did well....on a fudamental basis and supported by long term investors, not the trading by directors.
nowadays value investments not as popular as before in i3.....and for good reasons, it don't work.
big money come from X factors,
X factors originally invented for mergers and acquisitions. But can be applied for any thing. Most important is to put on the strategic brain. How do u see the strategy of the company going forward. ?
U have seen so often before in business, its the strategic brain that counts.
the strategic brain of Karim.....from maintaining rotary engines to captain malaysia and now in big mess with forced selling , what happened?
what happened is very common. a bit of success and success begets success and the magic of stock market and PE ratios. . Within a few years become very successful. You really think doing business and making money really so easy meh? Much easier is making money as a listed company.
But this kind of thing. For the right people at the right time, its easy to start but not easy to end well.
Its self enforcing but the principal cannot sell. The whole stock market game is about confidence. So, eventually it becomes a game of riding the tiger.
and eventually, the tiger come round and bite the rider.
Haha, KYY this quarter profit better than last quarter also did not work. Philip QL predictable profit and profit growth also did not work. My Insas record profit also did not work. qqq3 karim factor also kena red flagged by external auditor and forced selling.
there is time to attack time to defend. Long ago I decided 2021 is time for defence.
Malaysia I given up....thhe environment of a failed state...and this kind of thing moves very slowly. So slowly its like boiling a frog. People do not realise they are being boiled.
China serves the people .
America serves Wall Street/ billionaires. As long as America serves Wall Street / billionaires, if you are not invested in Wall Street or as long as you don't pretend to be a billionaire yourself, u are a loser in the system. So, what choice u have except to invest in Wall Street and at the same time watch out for Lehmans 2.0........American capitalism is all about cycles.
China serves the people. Billionaires / stock market are allowed to get rich first but to gain respect, billionaires are supposed to serve the people, invest in rural areas, do good with their money, its common good over freedom, its a We society not just a me, me me society..........China is in the sweet spot to continue to grow. China has so much energy / momentum, nothing can stop the growth of China.. Surely, u need some investments in such a place but since stock market/ billionaires is not the first priority of the country. u have to adapt appropriately, u have to align yourself with the country and you have to think really long term.
Most of the steel, O&G, paper carton, glove stocks I already trade. The only one missing is karim stocks. So qqq3 is it a right time to trade karim stocks for 10-30% profit?
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Sslee
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Posted by Sslee > 2021-07-16 07:20 | Report Abuse
Auditor only concerned is to impair overdue receivable that in his opinion is unable to recover.
Minority shareholder interest is why no legal action taken to recover the receivable?
Example: JAKS sold 51% JIC to ICD for consideration of RM 1.00 and report gain on disposal but then without telling anyone the intercompany loans to JIC is impaired or to be impaired in the future.