Posted by joseph2321 > 2012-10-04 12:21 | Report Abuse

Thanks for shating andy118 , learn something here.

Posted by kklee > 2012-10-04 14:13 | Report Abuse

cheers andy118

Posted by Chestnut > 2012-10-06 19:46 | Report Abuse

Hello, may i know why did KFIMA dropped 8 cents from 4 Oct to 5 Oct? Thanks in advance! :)

Posted by KC Loh > 2012-10-06 19:55 | Report Abuse

ex-date

Posted by Chestnut > 2012-10-07 10:17 | Report Abuse

Thank you, I'm still a beginner, many more to learn. :)

Posted by chongkonghui > 2012-10-10 10:44 | Report Abuse

KFIMA price is like going into winter time.... hibernation.

Posted by Voon Soon Yoong > 2012-10-10 10:53 | Report Abuse

this share drop from 2.35 to 1.95... what a rock sitting in my portfolio

Posted by Najib Zamry > 2012-10-10 11:25 | Report Abuse

If you have patience, you will be greatly rewarded. I have not disposed one even the stock hit 2.50 previously. 40 sen profit is too little for me. I am aiming RM1.00 profit. Am I crazy? let's wait and see.

Posted by fadhlullah > 2012-10-10 11:26 | Report Abuse

is there any news/rumours regarding this company bro?

Posted by tuniamasingh > 2012-10-10 11:33 | Report Abuse

Wah, NZ what an ambitious statement.

I see your portfolio consist of Weida, Perisai and Zhulian is doing very very well. Are you an analyst?

Posted by chongkonghui > 2012-10-10 11:40 | Report Abuse

SOLD all my winners (including ZHULIAN), keeping all losers now. SIGH!!

Posted by mw_shing > 2012-10-10 11:44 | Report Abuse

should we avoid plantation counters like a plague?

Posted by Najib Zamry > 2012-10-10 11:57 | Report Abuse

Fadhlullah, sorry I do not have any tips to shares.
Tuniamasingh, I am just an investor.
Why Weida, Perisai and Zhulian is doing very well? because Perisai and Zhulian are mostly in the hands of the institutional investors that are going long on the stock.

Should we all avoid plantation counters? Yes for short term. For long term you cannot avoid plantation counters because palm oil is a necessities. Bear in mind that cost per tonne for the listed plantation company is RM1,400 per tonne while CPO price is trading at RM2,400. So given another 30% drop in CPO price from the current price the company is still making good money.

Posted by kcchongnz > 2012-10-10 12:31 | Report Abuse

If I have a chance to lecture in MBA course in Finance, I would take this case of Kumpulan Fima as a classic case study. Kfima’s business was at the brink of bankruptcy during the Asian financial crisis in late 1990s. It was forced to sell off its haemorrhage share broking business. With the active participation of the Basir family, the company was turned into a profitable diversified businesses; security paper manufacturing, bulking, food, palm oil etc. Since then it never looked back. Its revenue and net profit grows by a CAGR of 9% and 27% respectively for the last 10 years. The earnings were “real” and translated into abundant free cash flows after putting majority of the cash flows from operations into capital expenditures for expansion of the business. These free cash flows were partly distributed to shareholders, paid down debts, buying more and more land for palm oil plantation, or simply left as cash in the balance sheet, hopefully will be used for buying more land and other profitable business in the near future. Today, Kfima has an excess cash of 270m. It revenue has increased to closed to half a billion and earns 80m last year for an earnings per share of 31 sen. More interestingly, its capital invested returns free hard cash of 31% a year after capital expenses. Yet it is trading only at 1.95 a piece now, or a PE of 6.4, a total enterprise value of just 2.9 times of EBITDA. Can you find one such good company with such low valuation? I haven’t found one yet. What is wrong with Kfima? For one, I don’t see much analyst reports because it is just a small to mid cap company and institutional investors are not interested or simply have no mandate to buy Kfima. Secondly the major shareholders seem to have no interest to boast up the share price. Thirdly, so many people think that Kfima is a pure plantation company and palm oil price is temporary in a limbo now and should avoid it "like a plague". Fourthly retail investors have no interest either because nobody goring (manipulate) this stock. Almost everybody here is looking at flags, pennants and tea cups. Few cares about the fundamentals of a business. There are many other reasons, I think. However, to me these are precisely the best scenarios to invest aggressively into this company.

Posted by chongkonghui > 2012-10-10 12:35 | Report Abuse

@kc, what a great in-depth understanding of the company.

I am confident now.... to hold it at 10% loss.

Posted by Najib Zamry > 2012-10-10 14:54 | Report Abuse

We all know that KFIMA's stock price will not hovering at this level for long so why should you worry? Right?

Posted by tuniamasingh > 2012-10-10 15:03 | Report Abuse

Most people use emotion rather than common sense in investing a stock. That's why they easily become prey of the crook manipulator.

How many times after you sold the stock the stock goes higher and higher at the end?

Posted by chongkonghui > 2012-10-10 15:10 | Report Abuse

countless time....

Posted by tuniamasingh > 2012-10-10 15:14 | Report Abuse

So CKHUI why complain if you keep repeating the mistake? how many times do we have to bang the wall?

Posted by JimYeoh > 2012-10-10 15:34 | Report Abuse

great sharing by kcchongnz..

Posted by mw_shing > 2012-10-10 16:44 | Report Abuse

there is kc loh that i look up to and now there is kc chong. prima!

Posted by andy118 > 2012-10-10 16:46 | Report Abuse

May I add KC Fan

Posted by pathew > 2012-10-10 16:50 | Report Abuse

and you'll notice they all have 'KC' in their names...

Posted by KC Loh > 2012-10-10 16:54 | Report Abuse

KC - King's Counsel! we eat junior lawyers for breakfast! hahahahaha.....

Posted by Ram Cheong > 2012-10-10 17:06 | Report Abuse

or king conman . ........... haha . ........ only joking , no offend lol

Posted by andy118 > 2012-10-10 17:11 | Report Abuse

King Cong

Posted by Najib Zamry > 2012-10-12 18:21 | Report Abuse

Very Good news for KFIMA indeed.

Bulking business which contributed 20% PBT will be benefited from the discontinue of a tax free shipment quota as this will encourage the rise in handling and storage of edible oil and oleo chemical products.


KUALA LUMPUR, Oct 4 (Reuters) - Malaysia will cut crude palm oil (CPO) export taxes and discontinue a tax free shipment quota for the grade from Jan 1 2013, a government minister said on Friday, as the world's No.2 producer seeks to snatch back market share from top producer Indonesia.

"The implementation of reduced export duty on CPO will also allow the refineries in Malaysia to market their products at competitive prices to the global markets," Commodities Minister Benard Dompok said in a statement.

"In tandem with reduced CPO export duty, the government will discontinue with the duty free CPO export facility beginning 1 January 2013," he said after Malaysia's cabinet met earlier in the day to discuss measures to support the palm oil sector.

Dompok did not disclose the quantum of the cut in crude palm oil export taxes from the current 23 percent duty. (Reporting by Niluksi Koswanage; Editing by Yantoultra Ngui)

Posted by tuniamasingh > 2012-10-12 20:39 | Report Abuse

Yes, Najib Zamry, very good news for KFIMA.

Their bulking business will certainly further boosted by this good piece of news. In fact it is double good news.

Posted by jtpc2006 > 2012-10-13 14:47 | Report Abuse

hooray!!! tks NajibZ for the feedback.

Posted by jtpc2006 > 2012-10-15 16:51 | Report Abuse

after Zhulian, KFima on the way...

Posted by KC Loh > 2012-10-19 10:58 | Report Abuse

Came back to the correct range. Fully valued. But can pick up for safe long term trading!

Posted by davidraja > 2012-10-19 11:11 | Report Abuse

For me SCOMI is a MUST BUY, p/e very low, NTA very high, no gearing,good management and very good for long term investment. In addition, this stock is promoted like nobody here everyday. must be a SOLID one.

While KFIMA is FULLY VALUED with high p/e, low NTA, high gearing, bad management and only good for trading.

Am I right? do your own homework otherwise HOLLAND is waiting for you.

Posted by kcchongnz > 2012-10-19 11:13 | Report Abuse

KC Loh,
From reading some of your postings, I know that you are an experienced investor, one who has gone through the ups and downs in the stock market. I sort of agree to most of what you write too. However, we seem to have substantial difference in opinion in Kfima. I, if you have read some of my postings in this thread here, think highly of Kfima's business and that its share price is grossly undervalued with my analysis of this company. You, on the other hand, think this stock is fully valued. Do you mind give us your analysis and why do you think it is fully valued, just for discussion purpose? Your opinion with substantiation is highly appreciated.

Posted by davidraja > 2012-10-19 11:16 | Report Abuse

KC Chong, very simple if one hold particular stock he/she will promote like no body. If he does not have, he will give bias judgement although the stock is good. Just compare SCOMI with KFIMA in all aspects, you will understand what I mean.

Posted by KC Loh > 2012-10-19 11:31 | Report Abuse

Kcchong. Davidraja answered for you.

The next good earning will propel this stock to above 2.05. We just keep it at that. Najib asked once before when I said the previous jump from 1.87 to 1.96, and asked whether I would come in. I should have at 1.87. Those were the days in better talking terms then until they said i am racist. a simple calculation said its then valued for me already and I informed him so. Then a spike came up to 2.4x which I thought was unusual. When it finally came back to this present level, I guess my call was correct. I dunno Najib would want to concur with what I have said leaving aside all biasness and anger. I have ignored all the taunts.

Now I am just awaiting to see its price movement again to study this stock. There is more margin of safety for me here. But I will admit this potential is always there with such strong fundamentals. Market cannot climb indefinitely!

Sorry that my coming back to revisit Kfima and checking on its premise is offending to the Kfima afficiandoes! I do what I do, and I call what I see.

Posted by KC Loh > 2012-10-19 11:35 | Report Abuse

Meant to write no more margin of safety for me here, which is usually my style that i like before investing. But I also personally believe this stock doesn't need a margin of safety owing to its strong fundamentals. Prestariang taught me again and again to go back to margin of safety and that I should not ignore my own rules of investing. Alas, human nature sometimes is just exposing myself also time and again.

Posted by KC Loh > 2012-10-19 11:40 | Report Abuse

Davidraja, if you noticed my last few postings, I didn't promote like nobody scomi anymore. Its was good at around 21 sens when I first promote it. I have told many to look at its sister companies lately. Don't have to take my word for it. The postings are still there! Dunno if you can see thru all that with your anger and defensiveness of Kfima :)

Posted by davidraja > 2012-10-19 11:41 | Report Abuse

To all investors, whether it is a call from KC Loh or Najib Zamry always do your homework. A lot people just bla bla bla buy buy buy at the end is BYE BYE BYE.

Why? ask yourself.

Posted by davidraja > 2012-10-19 11:46 | Report Abuse

I do not hold KFIMA at all....

Posted by KC Loh > 2012-10-19 11:49 | Report Abuse

OK then I think your outburst against me is unwarranted. But why the anger? Did I make you lose money? With the index at all time high and GE coming, don't you think having a margin of safety is wise?

Posted by davidraja > 2012-10-19 11:55 | Report Abuse

KC I am just talking facts, do not treat any comments that is not favourable to anyone here as ANGER. no good for your body huh!!!!!!

Posted by kcchongnz > 2012-10-19 11:56 | Report Abuse

I think everybody is entitled to his opinion. Nobody should ridicule or get worked up by other people's different of opinion. I often expressed my opinion in stocks and called some of them a POS (piece of shit), rubbish, trash etc when I truly believe they are. But I always give my rationales justified by some numbers to bring forth my point. I may be wrong but who knows those people who are over-confident may save them money punting on POS based on rumours, euphoria, hypes etc. I personally want to avoid losing my pants in the share market due to the cognitive bias of over-confidence.
KC Loh, I have mistaken of your notion of "value" in your "fully valued" phrase. You are actually talking about price, not value, in my opinion. My understanding of "value" in investment is based on the value of a business, such as "intrinsic value" which is obtained from the future cash flows of a company. this cash flows is then converted to value per share, and then only compared to its share price. The "Margin of Safety" is then how much its share price is below this intrinsic value. Obviously you have a different notion about Margin of safety.

Posted by KC Loh > 2012-10-19 11:58 | Report Abuse

OK davidraja, I am not angry. I thought your posting showed some anger, maybe wrongly since you said so. If you are not, its good as we can carry on trading views like mature investors!

Posted by KC Loh > 2012-10-19 12:00 | Report Abuse

OK kcchong, my English is POS as frank said before! :)

Posted by aunloke > 2012-10-19 12:04 | Report Abuse

From the way you posted I can see that . but just to set the number right; PE is 7.6( moderate). PBV is 0.9 less than 1 ( not too bad ) and with the cash of 200M+ to take us to Holland I think more than 50% of Busar counters have already reached there and I'm sure scomi is there waiting for kfima.

Posted by kcchongnz > 2012-10-19 12:08 | Report Abuse

” Price is what you pay, value is what you get”
- Warren Buffett

KC Loh, you are humorous, a good guy and a person with "wide chest". Carry on "do what you do, call what you see".

Posted by KC Loh > 2012-10-19 12:09 | Report Abuse

I am joining the King Kong fraternity!

Posted by Najib Zamry > 2012-10-19 12:11 | Report Abuse

David Raja, there are always investors and punters. Investors look at value, punters look at price. There are no right or wrong. For punters RM1.00 is expensive but RM 0.20 is cheap and vice versa for Investors.

You are right that one should do their homework because no one owed us a living but we ourselves. Win or lose one should take their own resposibility.

Regarding Kfima, I am not aiming for few cents profit because I see the potiental of this stock which is dirt cheap at this level. You can see the performance of the stocks that I posted here before like WEIDA, ZHULIAN, PERISAI.
There are giving me very handsome profit. Even Kfima I am still sitting at very good profit. For the Kfima's dividend that I am going to receive on Monday, I will reinvest on this stock. The reason why I am so bullish, allow me to keep some secret here.

Posted by chongkonghui > 2012-10-19 12:17 | Report Abuse

am holdings 20,000 shares in KFIMA at paper loss 3k but confidence in KFIMA as Najib Zamry said.

ZHULIAN is below RM1.00 for so long in year 2009 but no one want it.

If a counter give you 20% p.a. return or more over 3 years, you just need to do nothing, is it so difficult?

Posted by chongkonghui > 2012-10-19 12:21 | Report Abuse

I couldn't buy a lot more now as my single counter limit is not more than 30% (my risk management).