Posted by qqq3 > 2019-01-10 21:10 | Report Abuse

and so if u are value this value that guy like kc chong, u sell and leave this company alone .....

Posted by Icon8888 > 2019-01-10 21:10 | Report Abuse

HLIND ?


Posted by 3iii > Jan 10, 2019 08:19 PM | Report Abuse

My selection criteria:

Growth in revenues and earnings > 15% per year.
ROE > 15%
High PBT Margin
Little Debt
PE at low side of PE range
Dividends must be at least 30% of Earnings. (DPO>30%) and increasing over the years.
Reward/risk > 3:1
Potential Returns > 15% per year.
CFO - CAPEX = FCF must be positive, growing and FCF/Market cap > 5%

Posted by Icon8888 > 2019-01-10 21:12 | Report Abuse

BIMB ?


Posted by 3iii > Jan 10, 2019 08:19 PM | Report Abuse

My selection criteria:

Growth in revenues and earnings > 15% per year.
ROE > 15%
High PBT Margin
Little Debt
PE at low side of PE range
Dividends must be at least 30% of Earnings. (DPO>30%) and increasing over the years.
Reward/risk > 3:1
Potential Returns > 15% per year.
CFO - CAPEX = FCF must be positive, growing and FCF/Market cap > 5%

Posted by qqq3 > 2019-01-10 21:14 | Report Abuse

no, its dks.....

Posted by Icon8888 > 2019-01-10 21:15 | Report Abuse

Very high gearing almost 1 times

Posted by qqq3 > 2019-01-10 21:16 | Report Abuse

who ? dks?

Posted by Icon8888 > 2019-01-10 21:17 | Report Abuse

Dks is dksh , right ?

Posted by qqq3 > 2019-01-10 21:18 | Report Abuse

Posted by Icon8888 > Jan 10, 2019 09:10 PM | Report Abuse

Little Debt
PE at low side of PE range
==========

little debt, low PE.....

what kind of company would that be?

I know....a no ambition company......

Posted by qqq3 > 2019-01-10 21:21 |

Post removed.Why?

Posted by 3iii > 2019-01-10 21:28 |

Post removed.Why?

Posted by qqq3 > 2019-01-10 21:34 | Report Abuse

don't kid yourself...Old Ben would not have bought the Harta or Top Glove.....

Old Ben more likely to have bought Insas and dozens of other dead stocks.....

Posted by qqq3 > 2019-01-10 21:35 | Report Abuse

Old Ben more likely to buy Seacera at 20 sens.

Posted by qqq3 > 2019-01-10 21:37 | Report Abuse

3iii

u must understand Old Ben is more likely to be a rubbish collector than to be buying a good business.

Posted by Fabien Extraordinaire > 2019-01-10 21:38 | Report Abuse

Posted by Icon8888 > Jan 10, 2019 06:09 PM | Report Abuse

Bought already

Kindle


Really??? Lol...
Did u check him out before u buy?

He's a copycat of WB and CM la...hahaha
u hated the buffalos...

anyway, my key takeaway from his Dhandho Framework that i have since applied
1) Any stock that you buy cannot be sold at a loss within 2-3 years of buying it unless you can say with a high degree of certainty that current IV is less than the current price the market is offering.
2) Sell when the gap between IV and current price narrows to under 10%.
3)Dhandho Intrinsic Value calculation

I like his IV calculation so much..that i used it often to play around with my stocks..lol...syiok sendiri

but to use the Dhandho method, ur stock must generate positive FCF...

Posted by Icon8888 > 2019-01-10 21:42 | Report Abuse

Please elaborate the point below


1) Any stock that you buy cannot be sold at a loss within 2-3 years of buying it unless you can say with a high degree of certainty that current IV is less than the current price the market is offering.

Posted by Icon8888 > 2019-01-10 21:43 | Report Abuse

2 to 3 years is exactly my kind of investment horizon. So the appearance of those words immediately caught my attention

Posted by 3iii > 2019-01-10 21:45 |

Post removed.Why?

Posted by qqq3 > 2019-01-10 21:45 | Report Abuse

unless they focus on business sense, none of them makes sense....

unless they focus on business sense, most of they are in reality rubbish collectors.....

Posted by 3iii > 2019-01-10 21:46 | Report Abuse

How much you make of the market is dependent on the amount of diligent work you put in.

Posted by Icon8888 > 2019-01-10 21:49 | Report Abuse

Yes. Very very very very very true

When asked what is the most important contributing factor for his success , Buffett said "read a lot"

John neff said exactly the same thing

Posted by 3iii > 2019-01-10 21:50 | Report Abuse

>>>>qqq3 3iii

u must understand Old Ben is more likely to be a rubbish collector than to be buying a good business.
10/01/2019 21:37<<<<



I have read Ben Graham’s books and absorbed his teachings. They are fine and excellent in many ways.

However, embracing the teachings of Philip Fisher and using value investing taught by Graham are the better strategy for my investing in our market and also other markets.

Posted by qqq3 > 2019-01-10 21:51 | Report Abuse

Dks is dksh

Posted by Icon8888 > 2019-01-10 21:55 | Report Abuse

When John Neff received the worldwide investment profession's highest est award, one of his "secrets" was revealed. At home (or wherever he might be visiting), every Saturday at 1:00 pm， John retires to the privacy of his room to read-again-every word in every issue of The Wall Street Journal for the preceding week of business. This is only one evidence of the remarkable self-discipline with which this unique professional prepares himself for the very competitive work of professional investment management.

Posted by 3iii > 2019-01-10 21:58 | Report Abuse

My selection criteria:

1. QUALITY (OF BUSINESS AND MANAGEMENT)
Growth in revenues and earnings > 15% per year.
ROE > 15%
High PBT Margin
Little Debt
Dividends must be at least 30% of Earnings. (DPO>30%) and increasing over the years.
CFO - CAPEX = FCF must be positive, growing and FCF/Market cap > 5%


2. VALUATION
PE at low side of PE range
Reward/risk > 3:1
Potential Returns > 15% per year.

Posted by Icon8888 > 2019-01-10 21:58 | Report Abuse

In a 2013 article by the Omaha World-Herald, Berkshire investment manager Todd Combs remembered Buffett coming into one of his classes at Columbia. Buffett was asked how the students could prepare for a career in investing. He grabbed a stack of pages of reports and other documents, and replied:

"Read 500 pages like this every day. ... That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it."

Posted by qqq3 > 2019-01-10 22:00 | Report Abuse

Posted by i3lurker > Jan 10, 2019 09:53 PM | Report Abuse

Induction cookers are now dying coz got massive radiation, current fad is now infra red cookers
=======

really ah? I am still using induction cookers.

Posted by 3iii > 2019-01-10 22:03 |

Post removed.Why?

Posted by Icon8888 > 2019-01-10 22:07 | Report Abuse

Ya， the old school was like that. I read Seth Klarman book : margin of safety, he also like huge discount to net assets

He does not like to rely on earnings as it is unpredictable

Exactly calvintan


Posted by qqq3 > Jan 10, 2019 09:34 PM | Report Abuse

don't kid yourself...Old Ben would not have bought the Harta or Top Glove.....

Old Ben more likely to have bought Insas and dozens of other dead stocks.....

Posted by Icon8888 > 2019-01-10 22:10 | Report Abuse

That probably is the reason why you have premature ejaculation

Too much radiation

Better have a word with your Wife


Posted by qqq3 > Jan 10, 2019 10:00 PM | Report Abuse

really ah? I am still using induction cookers.

Posted by qqq3 > 2019-01-10 22:12 | Report Abuse

kc

long number spend the last 20 years sailang on 2 or 3 stocks.....no harm happened to him......

Posted by qqq3 > 2019-01-10 22:14 | Report Abuse

Icon8888 > Jan 10, 2019 10:10 PM | Report Abuse

That probably is the reason why you have premature ejaculation

======

I thought it was my age...

Posted by qqq3 > 2019-01-10 22:15 | Report Abuse

Icon8888 > Jan 10, 2019 10:07 PM | Report Abuse

Ya， the old school was like that. I read Seth Klarman book : margin of safety, he also like huge discount to net assets
========

I told u so...now u agree with me after all these years....

Posted by 3iii > 2019-01-10 22:31 | Report Abuse

MONDAY, 17 AUGUST 2009

Company D
Price 2.10
latest eps 5.86
annualised eps 23.4
annualised PE = 8.9
Market cap 383.555 m
NAV 72 sen


A small cap fast growing company at PE of 8.9.
Growth in revenue and earnings +++
High quality earnings.
Turnaround.


Was this company a bargain then?

Posted by 3iii > 2019-01-10 22:35 |

Post removed.Why?

Posted by Fabien Extraordinaire > 2019-01-10 22:36 | Report Abuse

Posted by Icon8888 > Jan 10, 2019 09:42 PM | Report Abuse

Please elaborate the point below


1) Any stock that you buy cannot be sold at a loss within 2-3 years of buying it unless you can say with a high degree of certainty that current IV is less than the current price the market is offering.


i follow his 2-3 year rule strictly

basically, what he says is business changes takes time...months or years..2-3 years should be enough time for the cloud to lift

why not more than 3 years u may asked...he emphasised greatly the real cost for waiting....the opportunity cost of investing ur capital elsewhere

there is a balance between allowing sufficient time frame for a stock to find its IV and waiting endlessly

5 to 10 years wait is too long..again take note of the real cost of waiting

Posted by qqq3 > 2019-01-10 22:38 | Report Abuse

Business sense includes the word strategy...whether u agree with their strategy.....

evaluation of a company's strategy either comes naturally to u or u develop it independently.

most accountant's are weak in his area....and so if u only put on your accountant hat, u mainly become rubbish collectors.

for me....I understand business strategies only after MBA.....years after becoming a CPA....

look at a company and see if they have the right strategies, if they have the right strategies, they can go far.....

In recent years, I see Scientex got good strategy ( now tough for them) ...AeonCr got good strategies, Vitrox got good strategies....QL got good strategies...Top Glove and Harta got good strategies.....Companies with good strategies will always have substantial premiums in their share price.......

in MBA courses , they have discussion papers on strategies....traditional accountants lack that strategic focus....

Posted by 3iii > 2019-01-10 22:40 | Report Abuse

Growth versus Value: Why invest unless you see value?



Growth companies are those that are growing sales and earnings every year.

Value companies are trading at low prices. These low prices are usually the result of tough times at the company but occasionally just because the market's a weird place.

Often, the best growth investments are smaller companies.

The best value plays are usually large companies. Not always, but most of the time.




Growth companies:

The PEs of growth companies tend to fluctuate hugely. When the growth slowed or the companies hit a rough patch, the shares of growth companies can fall by a large amount.

Can you spot these companies in the early stages of their growth paths?



Value companies:

Large good companies were selling at bargain prices during the recent global financial crisis in 2008/2009. These companies are "safe" to buy during these periods when they are undervalued. They usually will rebound during recovery of the market. Some companies met some headwind or rough patch during their financial year and their share prices were sold down hugely, offering bargain prices for the savvy investors.

Did you spot the values in these times in these stocks?
Did you seize these opportunities or were you seized by fear of loss and the unknown?


The division between growth and value companies is not always clear-cut. Many can also be classified as stocks that have business growth selling at reasonable prices (GARP).


Another phenomenon to note is that investors tend to invest into value companies when they also starting to show some growth in their business. Similarly, investors buy into growth companies at the point when they are starting to show some value. :-)


Therefore, growth and value investings are basically two sides of the same coin. They are joined at the hip, according to Buffett. Above all else, why invest unless you see value in either?

Posted by kcchongnz > 2019-01-10 22:44 | Report Abuse

Posted by qqq3 > Jan 10, 2019 10:12 PM | Report Abuse
kc
long number spend the last 20 years sailang on 2 or 3 stocks.....no harm happened to him......

That was because he bought good quality stocks. You can only PLP but knows nothing about what quality is.

But you shouted for the last one year plus on sailang and margin on two rubbish stocks of Jaks and Sendai, all gone to rubbish dump already in just a few months.

You have made so many innocent people losing huge amount of money. Still keep talking nonsense every minute here.

Posted by qqq3 > 2019-01-10 23:00 | Report Abuse

kc...

no no....U were preaching no sailang....

why? because u scared la......

Posted by 3iii > 2019-01-11 12:26 | Report Abuse

>>>
Petronas Dagangan
« on: May 05, 2011, 10:42:06 PM »

Quote
EPS
Year Q1 Q2 Q3 Q4 12Month
2007 15.900 14.900 16.700 17.000 64.5
2008 17.700 12.900 19.400 16.800 66.8
2009 23.400 13.300 4.300 17.300 58.3
2010 20.700 20.100 18.800 16.200 75.8
2011 20.100 20.700 23.800 - 64.6

ttm-EPS = 80.8 sen
Market price = RM 15.64
ttm-PE = 19.4 x

LFY Dividend = 60 sen
DY = 60/15.64 = 3.84%

Historical PE
5 Yr 9.5 - 13.8
10 Yr 10.5 - 14.7





Re: Petronas Dagangan
« Reply #15 on: May 28, 2011, 11:49:55 PM »

Why?

It is truly amazing to see Petdag stations all over the place. I see them along the highways, in housing estates, in towns and cities, often in the best locations. The stations are often rather busy. Now they even have Pizza Hut, KFC and grocery stores in the same station. You can top up your Touch & Go cards in most stations.

The management revealed that they will be building and investing into more stations yearly, to reach a certain high number in another few years. It is generating lots of cash from its operations and FCF. Its dividend is increasing year on year.

I think it is alright to just hold on.

>>>>



Was this stock undervalued in 2011?

Its price today is higher than 2011, though lower than its peak price of >$30 in recent years.

What determines its price? Who determines its price?

In 2011, Petronas Dagangan was growing fast. Today, its growth has slowed.

Posted by 3iii > 2019-01-11 12:33 | Report Abuse

Margin of safety versus Opportunity cost


Margin of safety was coined by Benjamin Graham and practised by all value investors.

Yet too much focus on margin of safety may lead them missing investing into very good high quality growth stocks. These stocks are often not cheap.

By paying a bit more for these stocks, owning them for the long term can be and have been very rewarding too.

Yes, be focused on margin of safety but also be aware of the opportunity cost in not owning a stock that becomes a 10 bagger over time, just because you missed buying it due to a small difference in price you were willing to pay for it.

Warren Buffett teaches, “It is better to own a wonderful company at a good price than to own a good company at a wonderful price.”

This statement by Buffett embodies the relationship and the interplay between margin of safety and opportunity cost.

Posted by Icon8888 > 2019-01-11 12:34 | Report Abuse

bull market this year

forget buffett lets go rock and roll

Posted by Icon8888 > 2019-01-11 12:34 | Report Abuse

peak market sell and come back here meditate

Posted by 3iii > 2019-01-11 12:35 | Report Abuse

>>>
September 22, 2012, 06:09:48 PM

Nestle, DLady, Petdag, Guinness, Petgas, PBB, PPB, Resorts.
Was it a coincident or just good luck, that the above mentioned stocks have performed the way they have?
Investing is very safe and rewarding, if you know what you are doing.
Buy and hold for the long term is very safe and rewarding for selected stocks, if you know what you are doing.
>>>>

Posted by Icon8888 > 2019-01-11 12:35 | Report Abuse

what say you ?

Posted by 3iii > 2019-01-11 12:37 | Report Abuse

http://www.investlah.com/forum/index.php/topic,23733.msg1543252.html#msg1543252
Compounding Machines

Posted by 3iii > 2019-01-11 12:39 | Report Abuse

How to recognise values emerging in a bear market?

Prices fell but value intact

Stock prices have fallen sharply.
- Banks are trading at 1x book value,
- property stocks sold at 50% discount from net asset value,
- utility stocks trading at single-digit price-earnings ratio providing an earnings yield of more than 10% net of tax and
- there are many good stocks trading at dividend yield of 2x bank interest rates.

Posted by 3iii > 2019-01-11 12:41 | Report Abuse

Stay with quality.

Pay a fair price.

Long term focus.

99.9% certain, you will not lose your capital, have income and some capital appreciation.




It’s better to buy a wonderful company at fair price than a fair company at wonderful price.

1. Understand the business
2. Business must have DCA
3. Management with integrity
4. Buy at a sensible price

Big Fat Pitch. Focus Investing. Long term portfolio for capital appreciation and income.




A mistake that makes you humble is better than an achievement that makes you arrogant.

Posted by Icon8888 > 2019-01-11 12:43 | Report Abuse

come lah join us

quite low risk

valuation still cheap

Posted by Icon8888 > 2019-01-11 12:45 | Report Abuse

your conservativeness served you well in 2018

now is time to come out from the shell and breath some fresh air

it is a big and colourful world out there you know ?

come join us