Posted by inwest88 > 2013-10-13 14:40 | Report Abuse

Well said kcchongnz ! You couldn't have put it better ! I told myself not to get engaged in a war of word with some guy even how he bad-mouths me, or what names he calls me, or how he ridicules me etc. Why should I get upset, angry or irritated by someone who is so much in a lower league than myself. He doesn't have any self respect at all, not to mention respecting others ! He just like to disturb others even when others told him not to interfere. Thus I leave it to the other i3 members to judge who is right and who is wrong. In fact I will not read his postings at all when I see his name appear. That's the best way to ignore his nonsensical comments. Of course he will have his "shiok sendiri" feeling when he runs down others in his postings even though no one understands what he is trying to say.

Posted by kcchongnz > 2013-10-13 15:55 | Report Abuse

inwest88,

Life is more FUN when you don’t take it so seriously.

Posted by inwest88 > 2013-10-13 15:59 | Report Abuse

Agree with you kc, thanks for reminding.

Posted by Fortunebull > 2013-10-13 17:21 | Report Abuse

Typical liar who make recommendation pretending not to acknowledge!

Posted by kcchongnz > 2013-10-13 17:32 | Report Abuse

Hey fortune teller, can you show the posts which you are referring to?

Ha, now getting serious now, using the term "liar".

Ok let see who is the liar. Ok I am on with you.

Show the posts I made recommendations as you claimed and that I don't acknowledge. (Acknowledge what?). Like the one you copied and pasted on cuspaci. Oh by the way, you have not described what is wrong with that post yet.

Don't tell me somebody with the following claim couldn't find anything wrong with that post?

Posted by Fortunebull > Oct 11, 2013 04:57 PM | Report Abuse
I got tons of certificated in TA! Attended so many courses! Enough to wipe butt for lifetime! Also can lecture FA in universities!

Posted by peggy8229 > 2013-10-14 15:42 | Report Abuse

hi

Posted by Fortunebull > 2013-10-14 18:37 | Report Abuse

Ha! May see pullback to 35 cents! Not a convincing follow through!

Posted by kcchongnz > 2013-10-14 18:45 | Report Abuse

Aiyah, told you so many times, university lecturer don't teach like that one, what pullfront pullback 35 sen.

They teach by estimating future cash flows discounted to present value. What is the appropriate discount rate. How to estimate future cash flows etc.

How are you going to be a lecturer?

Posted by Fortunebull > Oct 11, 2013 04:57 PM | Report Abuse
I got tons of certificated in TA! Attended so many courses! Enough to wipe butt for lifetime! Also can lecture FA in universities!

Posted by Fortunebull > 2013-10-14 18:52 | Report Abuse

Some no qualify financial analyst, not even sat for acca can talk nonsense! Put some simply table of figures from unknown sources perhaps pre prepared by others and spin like no tomorrow! Tons of people out there took acca then postgraduate in finance keep humble pie! And promote PMCorp when everyone knows how it burn out so many investors! Just look at his hate for hibiscus from same price with his loud kfima high today of 2.14 yet still blind to reality!

Posted by Fortunebull > 2013-10-14 18:58 | Report Abuse

So laughable how Fibon when from 30 cents to 40 cents he already boasted and want some credit! Want to belanja his whole family for dinner! I could have huge respect if from 30 cents up to rm4!

Posted by kcchongnz > 2013-10-14 19:01 | Report Abuse

How do you know I don't have a postgraduate degree in Finance, or a Master in Fiance?

But anyhow, that is just a paper qualification. I can tell you a postgraduate degree in Finance may not be a good investor. I know because I have been through it.

Now lets start our discussion on FA. Lets start with this one as this is easier because I have written a long post on this telling why I have included this into my portfolio. Check it out here.

http://klse.i3investor.com/blogs/stock_pick_challenge_2013_2h/34374.jsp

You can't say I "Put some simply table of figures from unknown sources perhaps pre prepared by others and spin like no tomorrow!".

Why I say so? I guarantee that you can't find anything similar to what I write in anywhere.

OK lets get over this. Over to you now. I love to hear your criticisms on what I have written.

Posted by Fortunebull > 2013-10-14 19:32 | Report Abuse

Ha! There he goes again showing off his FA prowess! HIS explanations! I dont even bother to read with his crazy dupont analyst, that statisfy HIS moat! Going through all the quarterly reports in I3, analysis eps, revenue growth and most importantly who heading the ship in the company! Beside check on bonus issue, dividends, buybacks, stock splits, warrants show how well minority shareholders are treated! And i also check on whether instutionals or foreign investors fedback on the plc! Gosh! We all know how bad directors can be! You can see all beautiful figures but if minority shareholders are badly treated and major investor are shutting such plc, you should not promote it!

Posted by Fortunebull > 2013-10-14 19:38 | Report Abuse

Complete loss respect for so call arm chair? Read how he assess Mahsing that return is only 4% for 9 months period? Untill some pointed out to him the return is 38%! Then he pretended he only check on prices so he dont give a damn about bonus or right issue or dividend! What a fake!

Posted by bsngpg > 2013-10-14 21:54 | Report Abuse

It is unfair to comment so if you know the background of the long discussion and his background. Mahsing is not the counter of his analysis/interest. Just because upon the request and his generosity, he just plucked the figures and discussed. Hei, even if the top analyst in OSK, TA, Kenanga, Maybank etc cannot give you accurate figures if the counter is not under his/her purview.

Posted by Fortunebull > 2013-10-14 22:19 | Report Abuse

He didnt even bother to check whether mahsing made bonus or rights or dividend! Yet he is very adamant about fibon 1.25 cents which he said much better! His 3% fibon is much much better tha mahsing 38% return! Yet he got the time to spin around on some butt to butt graham cigar anaysis on pmcorp! Or his superior dupont analysis! But then again must meet moat requirement too! Ha! No wonder so many dont get what he is trying to say!

Posted by bsngpg > 2013-10-14 22:26 | Report Abuse

I commented on Fibon not long after posted by KC Chong. I commented that I discomforted with this counter (5,6,7Aug13) but I respected his choice especially the one with justification, it does not matter much if I agree or disagree with the justification. If I can remember correctly my reason of not liking Fibon is like yours i.e. “who are heading the ship in the company”. Even until today, I am still unconformable with Fibon. But why should I stop people talking about it ? Just like I hate cigarette very much, but should I stop BAT promoting cigarette.

In fact I bought BAT to benefit myself. So as long as I want, I can see thing from positive side, it is my choice. How about you ?

Posted by Fortunebull > 2013-10-14 22:30 | Report Abuse

Hey! You are absolutely right! You really make sense! But tell that to him! He poke at my postings! Its his fault! He started the silly! I only pointed out his wrong assesment or fail assessment of mahsing! Mahsing director is among well respected ceo in town!

Posted by Fortunebull > 2013-10-14 22:34 | Report Abuse

What realy hurt is he said hibiscus is a murder hole! He didnt even bother to know that the directors are captains of oil and gas industries! Read his postings in hibiscus! He has made insult where to much! Better to keep my mouth shut about this whole thing! I already told him i dont want to get into his long winding argurment!

Posted by bsngpg > 2013-10-14 22:40 | Report Abuse

Hi : Because the discussion on Mahsing was initiated by me, therefore I need to defend that smart discussion is focusing on the concept behind, not so much on the surface meaning. It is no point to focus on minor error. Just like we have many mistakes on our english writing, so we should focus more on the messages behind but not the grammer mistake. If we really want to focus so much on the surface meaning, we all are disqualified to write here. What do you think ?

Posted by bsngpg > 2013-10-14 22:44 | Report Abuse

Hi : I like your "most importantly who is heading the ship in the company!" very much. In fact my high faith on Mahsing is mainly due to Mr Leong.

Posted by bsngpg > 2013-10-14 22:52 | Report Abuse

You are a senior bull, a senior bull got ocean stomach. Let us stop here, OK ? We should continue other healthy discussion whenever applicable. Thank you.

Posted by kcchongnz > 2013-10-15 04:58 | Report Abuse

Posted by bsngpg > Oct 14, 2013 10:40 PM | Report Abuse

"we should focus more on the messages behind but not the grammer mistake."

First time I see the words of a wise man here.

bsngpg, can you teach me how to write Chinese characters with computer? I was trying to write a couple of phrases such as "che li pu tou how" and "jong yuan nek ee".

And what do you think, should I stop propagating those "messages"? Is there any meaningful purpose doing so?

Posted by bsngpg > 2013-10-15 07:22 | Report Abuse

Pls write the meaning of that two phrases in English, I can try to translate back to Chinese. Your 汉语拼音 is as lousy as mine. Most of the time, I use English Dict to find the Chinese Word. But I were from famous Chinese school in Malaysia, "Pai Shei" (Shame).

Posted by bsngpg > 2013-10-15 07:28 | Report Abuse

The biggest mistake you SHOULD NOT do is stop propagating those “messages”= good conceptual sharing. As I wrote before, without you, this forum will become much less interesting, just like KL without Chinese. Do you think people want to visit KL if there is no Chinese’s hard work and businesses there? Hooray will not benefit anybody except bringing them closer to Holland.

Posted by kcchongnz > 2013-10-15 09:17 | Report Abuse

"che li pu tou how"

"eat strength won't get good", you know it is a tough job but one won't get any good thing from it.

and "jong yuan nek ee".

good words but it is hurting to the ears.

You know what I mean.

Myself more "pai seh". I read the Water Margin in standard 4, Three Kingdoms in standard 6 and I studied Chinese to form three. Took LCE Chinese. Then self study Chinese to form 5, took MCE. Ha got a credit 4 some more. But now can't even write a simple letter. Some more simple words are forgotten.

Posted by bsngpg > 2013-10-15 09:21 | Report Abuse

after an hour of thinking, I finally figured out what you want to say are: 真理不討好、忠言逆耳.

Posted by bsngpg > 2013-10-15 09:23 | Report Abuse

2x half past six = 1. I mean our 汉语拼音啦。

Posted by kcchongnz > 2013-10-15 09:28 | Report Abuse

"chi li",

Chi, eat
li, "li liang" strength, power

che li 不討好

忠言逆耳.

Posted by bsngpg > 2013-10-15 09:30 | Report Abuse

我没读三国、水浒、不过对金庸的十四套武俠小说切是苦瓜爛熟。

Posted by bsngpg > 2013-10-15 09:32 | Report Abuse

哦、吃力不討好，

Posted by bsngpg > 2013-10-15 09:38 | Report Abuse

至少你擁有我们为数不少的fans.

Posted by bsngpg > 2013-10-15 09:47 | Report Abuse

I can hand write Chinese pretty well. So sometimes, I hand wrote on iPhone then email to PC, then copy to i3. Cumbersome, but work.

Posted by inwest88 > 2013-10-15 10:27 | Report Abuse

Talking about Chinese, I have never attended official classes in school or from tuition but learnt it from my late father by reading newspapers since primary school. Since then I am able to read and write Chinese characters but in the old form and not the pin-yin type. However there is a shortcoming - my father taught me the Chinese characters in Cantonese and thus till now my pronunciation of Mandarin is way off the mark. though I can fully understand when others speak. I continue to read Chinese papers everyday - the China Press as it is the only paper which still prints the original Chinese characters.

Posted by nokenzo > 2013-10-15 11:39 | Report Abuse

I took my higher Chinese in MCE and scored but now I have to resort to dictionary to get hanyu pinying to write in computer. Chinese, if you don't practise, you can forget very fast and totally.

Posted by FreeThink > 2013-10-15 12:05 | Report Abuse

bsngpg, actually you could install the chinese characters tools and direct input from windows (PC), check the link:
http://www.youtube.com/watch?v=ti8EMzAJshY

Posted by CityTrader > 2013-10-15 12:12 | Report Abuse

My highest chinese edu is form1 n i can txt chinese characters very fast n speak beijing tone. Tq to the China movies n China girls too. Speak more n txt more then u can do well. I dont watch Spore n Msia movies. Their chinese speaking n tone are terok.

Posted by kcchongnz > 2013-10-15 12:26 | Report Abuse

CityTrader,

你好利害

Posted by kcchongnz > 2013-10-15 12:30 | Report Abuse

飞Bon 很有前途

Posted by CityTrader > 2013-10-15 12:32 | Report Abuse

付学费呗 咱这儿有好多中国城。晚上去消费又能学习到中国话 何乐而不为呢

Posted by bsngpg > 2013-10-15 12:32 | Report Abuse

FreeThink: thks, will check later.

Posted by CityTrader > 2013-10-15 12:35 | Report Abuse

When i was in melbourne last year, i was so surprised to note that out of 10ppl, 6 were chinese from china. KC, how is new zealand? Occupied by china chinese oredi?

Posted by kcchongnz > 2013-10-15 12:38 | Report Abuse

中国人满天下

Posted by kcchongnz > 2013-10-15 12:42 | Report Abuse

一样的黄面黑頭Hair

Posted by bsngpg > 2013-10-15 14:12 | Report Abuse

龙的专人
曲詞 侯德健 / 編曲 陳志遠 / 李建復演唱初版
遙遠的東方有一條江 它的名字就叫長江
遙遠的東方有一條河 它的名字就叫黃河
雖不曾看見長江美 夢裡常神遊長江水
雖不曾聽見黃河壯 澎湃洶湧在夢裡
古老的東方有一條龍 它的名字就叫中國
古老的東方有一群人 他們全都是龍的傳人
巨龍腳底下我成長 長成以後是龍的傳人
黑眼睛黑頭髮黃皮膚 永永遠遠是龍的傳人
百年前寧靜的一個夜 巨變前夕的深夜裡
槍砲聲敲碎了寧靜夜 四面楚歌是姑息的劍
多少年砲聲仍隆隆 多少年又是多少年
巨龍巨龍你擦亮眼 永永遠遠地擦亮眼
巨龍巨龍你擦亮眼 永永遠遠地擦亮眼

Posted by dextronium > 2013-10-15 14:20 | Report Abuse

Very meaningful song
First listened to it in the 80s.

Posted by CityTrader > 2013-10-15 14:31 | Report Abuse

I like that song, ,, used to sing in karaoke.

Posted by bsngpg > 2013-10-15 14:55 | Report Abuse

表示我们都上了年级。

Posted by kcchongnz > 2013-10-15 15:15 | Report Abuse

Posted by CityTrader > Oct 15, 2013 12:35 PM | Report Abuse
When i was in melbourne last year, i was so surprised to note that out of 10ppl, 6 were chinese from china. KC, how is new zealand? Occupied by china chinese oredi?

When you walk along Queens Street in Auckland, same ratio applies as Melbourne. However if you go up to the Sky City Casino nearby in Victoria Street, >90% are Chinese.

Malaysia a multiracial country? You know who are my golf kakis here? German, Scottish, Chinese, Korean, and of course Kiwis, Malaysian and Singaporean.

Posted by kcchongnz > 2013-10-15 15:29 | Report Abuse

The song like this in my time is 我是中國人

http://www.youtube.com/watch?v=D24pvOitPPM

Posted by peggy8229 > 2013-10-16 17:01 | Report Abuse

Dear bsngpg,
今天FIBON的PE是0.435/0.0501 = 8.7
那么多少的PE才是合理的呢？
有人说，只要它比定期存款的PE低就是合理的了。
定期存款也有它的PE吗？当然有。
那么现在定期存款的PE是多少？
今天定期存款的利息是3.7巴仙。1.00令吉的存款一年只能赚0.037令吉。
所以PRICE＝1.00，EPS=0.037。
PE = PRICE / EPS
PE = 1.00 / 0.037
PE = 27
所以今天定期存款的PE就是27

但如果以定期存款的PE做比较,那就很多stock in malaysia PE 低过27. 那我要怎样pick good stock？

Dear KC ，

From your post as below, may I know why Fair value of Fibon = 15.3*0.05 = RM0.76 what is 0.05 mean? If FIBON PE 15.3 as your analysis, is it mean our return only 2.85% base on today FIBON price (0.435/0.0285=15.3). If base on FIBON PE 8.7 then return is 5.4% (0.435/0.0543=8.7) and fair value of FIBON =8.7*0.05=0.435. Please advice if I am wrong. Thank in advance.


"Basic PE for Fibon with a growth of 3% and a dividend yield for last year of 3.9%,

Basic PE = 8 + 0.65*3 + 3.9 = 13.9

Business risk: Fibon’s business has high efficiencies with high return of assets of 16.4% and high return of capital of 46%. Cash return (FCF/IC) is also great at 26%. Hence there may a good moat in its business. An arbitrary 5% premium is applied to its business risk.

Financial risk: Fibon has a very healthy balance sheet with no debt. Hence a premium of 5% is applied.

Earnings visibility: Fibon has quite stable and high operating profit margins of 39%. Its cash flow from operations is also stable though they are slightly below the net income. As it is a small company, no premium nor discount is applied.

Hence the absolute PE for Fibon is:

Abs PE = 13.9* [1+(1-95%)] *[1+(1-95%)] * [1+(1-100%)] = 15.3

Fair value of Fibon = 15.3*0.05 = RM0.76"