Posted by houseofordos > 2013-10-28 19:15 | Report Abuse

bsngpg, if one has done the intrinsic value calculation of the stock targetted and knows the margin of safety when purchasing, then whether the stock moves up to that value in 1 day or 1 year , you would know when to take profit and sell.. my 2 cents view...

Posted by bsngpg > 2013-10-28 19:21 | Report Abuse

Discussion :
Hi KC Chong 大佬:
You said "Just because you think the directors do not have a string of qualifications behind their names? Or is it Fibon's earnings is little or its assets or cash flows are not justifiable for its price now?"

I would say: In today discussion, I did not think about qualifications, earning, assets or cash flow at all. I just cut in from the abnormal hike in price for ~100% in 2-3 months. I always believe a healthy company should grow healthily and maybe certain degree better than healthy if the market is hot or the value is uncovered.

Posted by bsngpg > 2013-10-28 19:33 | Report Abuse

Discussion :
Hi KC Chong 大佬:
You said : “I have done thorough analysis on Fibon in my pick. Do you have anything comments which you think my analysis is wrong fatally?”
I say : I never want to challenge your way of analysis and in fact I admire, believe in and respect your analysis very much as you can see from most of my posting. I did not say or imply that your analysis was wrong.

I think you got me wrong totally. My purpose of the comment is to share my thought that “Value Investor do not want to see this kind of way abnormal return at so short period of time.”

You should know from my postings, I do not want to offend, let alone provoke people especially people like you who is the one I respect so much. I just want to discuss the concept of Value Investment. I gained nothing for provoking you and many in this thread who are very friendly to me.

Posted by bsngpg > 2013-10-28 19:43 | Report Abuse

Hi Housefordo : Intrinsic value, margin of safety, move up……. Yes, I agree that are healthy metrics. But I am talking about ~100% in 2-3 months. Do you think this is rational?

Hi all : Please do not get wrong that I am in sour grape mentality. I just want to discuss Value Investment/Healthy Investment. I join your joys in making great money.

Posted by bsngpg > 2013-10-28 19:47 | Report Abuse

“ 你猜到、大家也猜到？”

Posted by tonylim > 2013-10-28 20:34 | Report Abuse

Bsn... in that case how do you explain gamuda-w doing at 1.20 the day before 605 but in the first hour that Monday it went up by almost rm1-00.
Is it fa or speculation. The warrant is still holding its price till today

Posted by tonylim > 2013-10-28 20:35 | Report Abuse

Same for yr gtronics

Posted by inwest88 > 2013-10-28 20:39 | Report Abuse

bsnpng, I reckon when kcchongnz used FA to assess the value of the stock, I am sure he never expect the price to move so rapidly. As you know the stock market is so unpredictable and probably now the fund managers now only realized it's a hidden gem or probably something big is brewing. Probably kcchongnz is ready to clear as it is approaching close to its intrinsic value. Just my opinion.

Posted by tonylim > 2013-10-28 20:41 | Report Abuse

I suspect kcchong fell off his chair a few times already after seeing stocks dsonic ptaras at dizzying heights now.

Lol

Posted by inwest88 > 2013-10-28 20:42 | Report Abuse

In terms of percentage returns, Fibon beats the rest ! Congrats again KCC !

Posted by bsngpg > 2013-10-28 21:01 | Report Abuse

Hi inwest88 : 我们英雄(你)与狗熊(我) 所见略同.”....I reckon when kcchongnz used FA to assess the value of the stock, I think he(Value Investor) never expect the price to move so rapidly….”. This is my point; a Value Stock can dance with Bull in elegant but not mad manner. Mad dance is for speculator.

If something big (healthy corporate exercise) is brewing than my point of argument (way abnormal ~100% in 2-3 month) is not valid anymore. By the way, in formal valuation, this is not a factor too as it is unexpected or unknown.

Posted by bsngpg > 2013-10-28 21:11 | Report Abuse

我对你们赚钱的看法：
借用小平领导的黑白猫论，只要能賺钱就是好股。賺钱者为王。况且你多賺我又不会损失。我诚心为你们鼓掌。

Posted by inwest88 > 2013-10-28 21:18 | Report Abuse

bsnpng, another stock that behaved in the same or almost the same manner - Inari. Ir was about 40 sen at the behinning of year. Now it's close to 1.40 ? Got logic ?

Posted by bsngpg > 2013-10-28 21:41 | Report Abuse

Hi Tony Lim and Inwest88 : we are talking about Value Investment here. I do not know if your examples on Gamuda-WA and Inari are Value Stocks? Furthermore I do not have capability to tell too. As we do not know, thus both are not applicable in this discussion. My point of discussion is that Fibon is a Value Stock but shots up too high in short time which should not be a behavior of a Value Stock unless speculated by somebody. What do you think ?

Posted by bsngpg > 2013-10-28 21:56 | Report Abuse

Discussion :
Hi KC Chong 大佬:
You said on Oct 28, 2013 06:47 PM: “…… quality of management ……..rather than speculating the share price of the company.”

I say:”I cannot accuse their involvement in speculating the share price of the company, even SC cannot too. But seeing that abnormal trend, the probability of their involvement should not be discounted. I guess you dislike this statement. Unfortunately I do not have good bullet to substantiate further except gut feel from field experience. So I rather stop here. My weak arguement on this point."

Posted by bsngpg > 2013-10-28 22:13 | Report Abuse

大佬: 扪心自问，当初你有否期望兩三个月就急升～100%。只怕一年都屬奢求吧。因为你是正道价值投资人呀！

Posted by bsngpg > 2013-10-28 23:03 | Report Abuse

Hi KC Chong大佬: My many comments above are purely for discussion on concept of Value/Healthy Investment. I do not imply other things.

Anyway your Intrinsic Value on Fibon has not been achieved so in another word it is still a value pick if without the speculation factor. I assume ~100% up in 2-3 months is a result of speculation.

Hopefully I did not offend you. Honestly I really enjoy our discussion as I believe next morning you will come back with lot of points from other views. As I said before, without you, this forum is much less interesting.

I have some experience sharing on "黑白股论" but do not want to digress from our discussion. So I keep it for next time.

Posted by tonylim > 2013-10-28 23:43 | Report Abuse

bsn or ah tee (teochew)

People in our age group says no hard feelings. Need viagra

Posted by kcchongnz > 2013-10-29 02:05 | Report Abuse

Are you confused with what is price Vs value?

Price is what you pay. Value is what you get. Warren Buffett

If you refer to the portfolio set up less than 3 months ago below, the average price change is +22%. Does it mean that the average value of the companies has improved by 22% compared to 2.54% of the broad market in the same period? Yes, I never expect the stock prices moved up that fast. Fundamental investing is of a long term endeavour.

http://klse.i3investor.com/servlets/pfs/19386.jsp

6 out of the 11 stocks have abnormal return of >10% in 3 months, with Pintaras 26%, Fibon 80% and Datasonic 82%. Does it mean that their company business has grown by that magnitude?

Of course not. The price has grown by that amount but not the business of the companies. So why are the prices of the companies increased so much in such a short time? Speculations? The management or insiders frying the stocks? How do you know? Any evidence? I don’t know.
Or is it because there are big discrepancies between the prices of the stocks and the intrinsic values of the companies in the first place?

Is it because few people pay any attention to the undervaluation, if any, because these are mostly low capitalized stocks which no institutional investors, and few retail investors look at them.

My analysis and valuations of those stocks did show that there seem to be such big discrepancies. Is it because the prices are moving towards their intrinsic values? But again financial statement analysis and valuation is an art.

Posted by bsngpg > 2013-10-29 06:37 | Report Abuse

TonyLim "Hiar" :you said on Oct 28, 2013 11:43 PM "ah tee : People in our age group says no hard feelings. Need viagra"

I say : In this sense, I am very lucky that I am still Ah Tee.

Posted by bsngpg > 2013-10-29 06:51 | Report Abuse

“ 你猜到、大家也猜到？”, “efficient market hypothesis”,”周星驰: 你是最好的啊 ?”. One day, I would like to discuss with you on this topic and hopefully you are interested then. This is our biggest difference in Value Investment.

Posted by kcchongnz > 2013-10-29 11:20 | Report Abuse

Want to discuss about efficient market hypothesis? Any time!

Posted by bsngpg > 2013-10-29 12:07 | Report Abuse

Thanks in advance.

Posted by JimYeoh > 2013-10-30 15:59 | Report Abuse

new wave coming

Posted by JimYeoh > 2013-10-30 16:13 | Report Abuse

break 0.60 again.

Posted by JimYeoh > 2013-10-30 16:31 | Report Abuse

hooray

Posted by FreeThink > 2013-10-30 16:59 | Report Abuse

This counter always no sound no sound and up so much....

Posted by inwest88 > 2013-10-30 17:30 | Report Abuse

Congrats again to kcchongnz

Posted by Micheal Teo > 2013-10-30 17:50 | Report Abuse

A quality penny stock in the making. Trying to compete with Globetronics.I am just a full time pensioner sharing my individual view without fear and favour.

Posted by tonylim > 2013-11-04 20:52 | Report Abuse

Hidden whats a good TP for you judging by the TA on your screen

Posted by tonylim > 2013-11-04 20:56 | Report Abuse

My remisier bght back for me from 54 onwards

Posted by tonylim > 2013-11-04 23:48 | Report Abuse

Hidden.. I hv said many times kcchong nz is a gentleman.
Quite hard to find nowadays.

Posted by sklyte > 2013-11-05 22:13 | Report Abuse

fibon end of the year TP 85cents possible

Posted by inwest88 > 2013-11-07 20:51 | Report Abuse

# hidden gem - agree Fibon is a good stock. Made a few rounds but stopped looking at it after it shot past 55 sen !

Posted by iafx > 2013-11-08 10:48 | Report Abuse

all waiting at .695c and above? :D

Posted by midtermtrader > 2013-11-08 21:30 | Report Abuse

Research house TP is RM0.40, Goreng so high...

Posted by watchful2 > 2013-11-08 21:41 | Report Abuse

sometimes research house comment is just a guide. For example, some research house said Glomac can reach $1.36 - $1.40. But today lowest is $1.07. I believe that we have to look into stock's strength & of course the right timing...

Posted by sasopi87 > 2013-11-10 00:00 | Report Abuse

going uptrend to ex-dividend............28/11

Posted by tonylim > 2013-11-15 15:56 | Report Abuse

hidden, any TA reading for this one

Posted by wm83 > 2013-11-22 15:27 | Report Abuse

retreating...

Posted by coolio > 2013-11-26 12:45 | Report Abuse

http://klse.i3investor.com/servlets/ptres/19750.jsp

Posted by Jason > 2013-11-26 23:33 | Report Abuse

im holding it for mid term investment

Posted by Jeff Wong > 2013-12-01 03:44 | Report Abuse

Under monitor.

Posted by wm83 > 2013-12-02 15:56 | Report Abuse

zzz dah

Posted by 5004100138 > 2013-12-02 18:44 | Report Abuse

Maybe due to Fibon is under non syariah compliant list now. So, inventor just watch n see .

Posted by anbz > 2013-12-02 23:24 | Report Abuse

hidengem...in the Edge ...i just read...the TP is 50 cents..i don't think it's by TA...this one by other analyst

Posted by cykoay > 2013-12-19 14:43 | Report Abuse

what happened to Fibon? how come no trading at all now ?

Posted by sephiroth > 2013-12-19 14:44 | Report Abuse

this mistress not fun to play anymore, so cabut lo

Posted by sklyte > 2014-01-06 21:25 | Report Abuse

FIBON is a goreng stock, now syndicates are waiting to push up again, beware dont get trap at top

Posted by stanleysee > 2014-01-27 22:30 | Report Abuse

seems like not an impressive quarter for Fibon. I don't think I would like to hold it anymore. happy trading guys.. =)