Posted by Sslee > 1 month ago | Report Abuse

By the way I start to invest in high growth, high debt and high ROE Yinson.

Will accumulate month by month and hopefully by end 2024 when two of Yinson newly assets FPSO hit first oil the earning will pour in.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

>>>
Posted by Sslee > 15 minutes ago | Report Abuse

I lost 50% of my capital on xingquan thinking I can depend on Bursa SC to protect my interest. How naive I was then.

Nowadays if I smell something is not right I am the first to run fast fast.
>>>


The difference between a gruesome and great company.

Xingquan will never be in my portfolio based on my investing criteria.

Posted by Sslee > 1 month ago | Report Abuse

Mike-tikus bottom fishing Jaks at 19 floor thinking it is the bottom floor.
I was thinking bottom fishing way below Xingquan RI price of 30 sen should be a safe bet.
Mana tahu get my hand burnt hagus.

Posted by Sslee > 1 month ago | Report Abuse

Anyway I did not cut lose as I report to SC and Bursa on the miscounduct of BOD lying thro' their teeth in answering shareholders questions, external auditors not doing their jobs in auditing and verification of bank deposits, impairment of receivables and rejected goods.

Later I approach KYY to make a requisition for an EGM to appoint new external auditor for a forensic audit. Alas before we can submit our EGM request the China man BOD just purposely get Xingquan delist by not submitting quarterly report and not responding to SC and Bursa repeat warning.

So is SC and Bursa doing their job to protect shareholders interest?
I learn my hard lesson.

Posted by Sslee > 1 month ago | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2023-08-31-story-h-241058666-Follow_up_email_to_Bursa_A_Happy_Hari_Merdeka_Malaysia_August_31_2023.jsp

On Xingquan

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Cut loss would have been the right thing to do, retrospectively.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

An undervalued company may at best give you a 100% or 200% return. OTOH, Fisher's method allows you to have multi-baggers kn your portfolio, with greater returns at low risks.

Posted by Sslee > 1 month ago | Report Abuse

I am hoping Jayatiasa, OSK, Pantech and Yinson will give me a good dividend and maybe become my multibaggers in my portfolio.

Meanwhile I will collect back Insas when the price is right.

Posted by Sslee > 1 month ago | Report Abuse

I hold a small position in MHC for dividend and also I like their plantation estate in perak and sandakan book valued at about RM 10K per hectare.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

>>>
Posted by Sslee > 4 hours ago | Report Abuse

If you only used forward earning or EBITDA multiple or ROE to value a company then a high debt or even negative equity company like CapA will come out on top.
>>>

Look for ROA>10%, ROE >15%, conservative financial leverage of <1.5x.

Except for banking stocks: ROA of 1% to 1.5%. Asset/Equity 8x or so.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

"AN outstanding stock has become overpriced and therefore should be sold."

What is more logical than this? If a stock is overpriced, why not sell it rather than keep it?



Just what is overpriced?

Any really good stock will sell and should sell at a higher ratio to current earnings than a stock with a stable rather than an expanding earning power. After all, this probability of participating in continued growth is obviously worth something.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Are we trying to measure something with a greater degree of preciseness than is possible?

Is it really of such great concern whether at the moment the stock might or might not be 35% overpriced if the growth rate is so good that in another 10 years the company might well have quadrupled?

That which really matters is not to disturb a position that is going to be worth a great deal more later.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Isn't it safer and cheaper simply to make up our minds that momentarily the stock maybe somewhat ahead of itself? We already have a sizable profit in it. If for a while the stock loses, say, 35% of its current market quotation, is it really such a serious matter?

Again, isn't the maintaining of our position rather than the possibility of temporarily losing a small part of our capital gain the matter which is really important?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Buy on reaction

Buy on dip

😁

Plantation stocks going up. Buy!
Plantation stocks dropping. Buy!

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Insiders

They know everything about their companies.

However, they may not know everything about the sentiment of the market regarding their stocks.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Rules to follow:

1. Do not follow advisory services. They are not infallible.
2. Be cautious about brokers' advice. They can be wrong.
3. Ignore Wall Street sayings, no matter how ancient and revered.
4. Do not trade in over the counter, only in listed market where there is always a buyer when you want to sell.
5. Do not listen to rumours however well founded they may appear.
6. The fundamental approach works better than gambling. Study it well.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Rule 7: Hold onto to the 1 rising stock for longer period than dabble with a dozen stocks for a short period at a time. But which stock will rise?😀

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Fundamental approach

Paying good and increasing dividends
Fine earnings record
Excellent financial position

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Fresh Farm
Market Cap 2.752b
Price RM 1.470
Revenue RM 630 m
Earnings RM 50.1 m
FY23

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Nestle
Mkt Cap RM 28.281
Price RM 120.60
Revenue RM 7.1 b
Earnings RM 660 m
Year ending FY23

DLady
Mkt Cap RM 2.134 b
Price RM 33.340
Revenue RM 1.4 b
Earnings RM 72.4 m
Year ending FY23

F&N
Mkt Cap RM 11.275 b
Price RM 30.70
Revenue RM 5 b
Earnings RM 537 m
Year ending FY23

Apollo
Mkt Cap RM 561.60 m
Price RM 7.020
Revenue RM 257 m
Earnings RM 47.8 m
Year ending FY23

Ajinomoto
Mkt Cap RM 1.173 b
Price RM 19.20
Revenue RM 604 m
Earnings 27.5 m
Year ending FY23

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Company ABC

2006 RM 14
2008 RM 9
2019 RM 64
2024 RM 20


How do you game this stock?

Buy when it is obviously low priced or fair price.
Do not buy when it is obviously high priced.
Do you sell when it is 50% over-priced (based on your estimates)?
Is it alright to just hold on for the long term and not sell, just don't buy when it is high, buy when it is at fair or bargain price?
It is.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Company XYZ
2012 19.00
2014 16.00
2018 37.00
2022 20.00
2024 30.00

How do you game this stock?

Buy when it is obviously low priced or fair price.
Do not buy when it is obviously high priced.
Do you sell when it is 50% over-priced (based on your estimates)?
Is it alright to just hold on for the long term and not sell, just don't buy when it is high, buy when it is at fair or bargain price?
It is.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Company DEF
2006 1.22
2008 2.12
2009 1.37
2014 4.19
2015 3.64
2018 4.92
2020 3.14
2021 4.19
2022 4.78
2024 4.27

How do you game this stock?

Buy when it is obviously available at low price or at fair price.
Do not buy when it is obviously at high price.
Do you sell when it is 50% over-priced (based on your estimates)?
Is it alright to just hold on for the LONG TERM and not sell (almost ever), just don't buy when it is high and only buy when it is at fair or bargain price?
It is.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Company GHI
2008 5.00
2013 21.64
2015 12.24
2020 30.00
2024 24.00

How do you game this stock?

Buy when it is obviously available at low price or at fair price.
Do not buy when it is obviously at high price.
Do you sell when it is 50% over-priced (based on your estimates)?
Is it alright to just hold on for the LONG TERM and not sell (almost ever), just don't buy when it is high and only buy when it is at fair or bargain price?
It is.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Of course, some may choose to sell some at high price. But not selling at all is also fine too!!!

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Market Fluctuations as a Guide to Investment Decisions

What does the past record promises the investor - in either:

- the form of long-term appreciation of a portfolio held relatively unchanged through successive rises and declines, or,
- in the possibilities of buying near bear-market lows and selling not too far below bull-market highs.

Since common stocks, even of investment grade, are subject to recurrent and wide fluctuations in their prices, the intelligent investor should be interested in the possibilities of profiting from these pendulum swings.


There are two possible ways by which he may try to do this:

- the way of timing and
- the way of pricing.

By timing we mean the endeavor to anticipate the action of the stock market - to buy or hold when the future course is deemed to be upward, to sell or refrain from buying when the course is downward.

By pricing, we mean the endeavor to buy stocks when they are quoted below their fair value and to sell them when they rise above such value.

A less ambitious form of pricing is the simple effort to make sure that when you buy you do not pay too much for your stocks. This may suffice for the defensive investor, whose emphasis is on long-pull holding; but as such it represents an essential minimum of attention to market levels.



We are convinced that the intelligent investor can derive satisfactory results from pricing of either type.

We are equally sure that if he places his emphasis on timing, in the sense of forecasting, he will end up as a speculator and with a speculator's financial results.

This distinction may seem rather tenuous to the layman, and it is not commonly accepted on Wall Street.

As a matter of business practice, or perhaps of thoroughgoing conviction, the stock brokers and the investment services seem wedded to the principle that both investors and speculators in common stocks should devote careful attention to market forecasts.

Pretensions of stock-market forecasting or timing.

The investor can scarcely take seriously the innumerable predictions which appear almost daily and are his for the asking. Yet in many cases he pays attention to them and even acts upon them. Why?

Because he has been persuaded that it is important for him to form some opinion of the future course of the stock market, and because he feels that the brokerage or service forecast is at least more dependable than this own.

*

A great deal of brain power goes into this field and undoubtedly some people can make money by being good stock market analysts.

But it is absurd to think that the general public can ever make money out of market forecasts.

For who will buy when the general public, at a given signal, rushes to sell out at a profit?

If you, the reader, expect to get rich over the yers by following some system or leadership in market forecasting, you must be expecting to try to do what countless others are aiming at, and to be able to do it better than your numerous competitors in the market.

There is no basis either in logic or in experience for assuming that any typical or average investor can anticipate market movements more successfully than the general public, of which he is himself a part.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Timing is of Psychological importance to the speculator

There is one aspect of the "timing" philosophy which seems to have escaped everyone's notice.

Timing is of great psychological importance to the speculators because he wants to make his profit in a hurry. The idea of waiting a year before his stock moves up is repugnant to him.

*But a waiting period, as such, is of no consequence to the investor.*

What advantage is there to him in having his money uninvested until he receives some (presumably) trustworthy signal that the time has come to buy?

He enjoys an advantage only if by waiting he succeeds in buying later at a *sufficiently lower price to offset his loss of dividend income.*

What this means is that timing is of no real value to the investor unless it coincides with pricing - that is, unless it enables him to repurchase his shares at substantially under his previous selling price.

Ref: Intelligent Investor by Benjamin Graham

Posted by Sslee > 1 month ago | Report Abuse

WellnessAntiCancer Investing successfully is a lonely road.
If someone follows the crowd, then the performance is average with them.
You have to be right when you invest and wait ALONE. - Howard Marks,CEO Oakstree, Top Tier Fund manager, >50 years.
04/04/2024 12:17 PM

Sslee Investing is not a lonely road unless you are Mr.Looooong Philip.
You can put 20% of your money into trading and have fun.
04/04/2024 12:29 PM

Sslee It will be lonely and boring if you like watching paint dry, like Philip or 3iii who insist his way is the only right way in investment.

So have fun and do some trading but never be like Mike-tikus trapped himself at jaks floor 19.

Know the business and the commodities price trend and you will be suprised it is not hard to trade an up trend stock for a reasonable profit.

TheContrarian is the master in trading undervalued stocks.
04/04/2024 12:41 PM

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

JKR

2006 4.00
2007 9.00
2008 6.50
2013 31.00
2014 17.00
2016 24.00
2019 26.00
2020 17.00
2024 21.00

How do you game this stock?

Buy when it is obviously available at low price or at fair price.
Do not buy when it is obviously at high price.
Do you sell when it is 50% over-priced (based on your estimates)?
Is it alright to just hold on for the LONG TERM and not sell (almost ever), just don't buy when it is high and only buy when it is at fair or bargain price?
It is.


My friend bought at 4.00 in 2006 and sold at 8.00 in 2007, making a 100% gain quickly. 😉

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

QRS

2006 3.50
2008 10.00
2009 7.00
2010 16.00
2012 9.50
2014 13.50
2018 14.00
2020 19.00
2023 14.00
2024 16.00

How do you game this stock?

Buy when it is obviously available at low price or at fair price.
Do not buy when it is obviously at high price.
Do you sell when it is 50% over-priced (based on your estimates)?
Is it alright to just hold on for the LONG TERM and not sell (almost ever), just don't buy when it is high and only buy when it is at fair or bargain price?
It is.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

RST

2006 8.70
2007 11.30
2010 10.20
2014 24.50
2017 16.00
2024 18.00

How do you game this stock?

Buy when it is obviously available at low price or at fair price.
Do not buy when it is obviously at high price.
Do you sell when it is 50% over-priced (based on your estimates)?
Is it alright to just hold on for the LONG TERM and not sell (almost ever), just don't buy when it is high and only buy when it is at fair or bargain price?
It is.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

STU

2006 2.50
2007 7.40
2008 2.20
2011 4.50
2015 1.85
2018 0.59
2024 0.28


How to game this stock?!!!
🤣

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

You have to love to take losses and hate to take gains.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

You earn a lower return because the winners you sell and no longer have, continue to perform well while the losers you still hold, continue to perform poorly.

Posted by Sslee > 1 month ago | Report Abuse

Timing beside on stock price you need to look into the micro and macro conditions that will affect the earning of that stock.
Sell if earning will drop and buy back when the earning will increase

And if that stock earning will depend on commodities price then monitor the commodities price trend
https://tradingeconomics.com/commodities

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

>>>
Posted by Sslee > 10 minutes ago | Report Abuse

Timing beside on stock price you need to look into the micro and macro conditions that will affect the earning of that stock.
Sell if earning will drop and buy back when the earning will increase

And if that stock earning will depend on commodities price then monitor the commodities price trend
https://tradingeconomics.com/commodities

>>>

Focus on investing in companies with great businesses. 😀

Posted by xiaoeh > 1 month ago | Report Abuse

good sharing Sslee

Posted by ahbah > 1 month ago | Report Abuse

The best commodity to invest is GOLD because on a long term basis GOLD always goes UP while all fiat currencies always go down to ZERO.

Posted by godhand > 1 month ago | Report Abuse

Investing should be based on what you want foremost. Portfolio should be built based on your need rather than one universal rule for everyone. The only universal rule is to have margin of safety against future value. Do you want passive? Do you not need any passive? Do you want some passive while having some income? What's Your competitive edge it should scale with your conviction? no point investing 5% of your money better go fly kite

Posted by ahbah > 1 month ago | Report Abuse

On a long term basis, the future value of gold always go up. So, the margin of safety of gold's appreciation is 100% ! 😊😊😊

Posted by ahbah > 1 month ago | Report Abuse

Gold’s long-term return is comparable to equities and higher than bonds. Gold has also outperformed many other major asset classes over the past 3, 5, 10 and 20 years.

Posted by ahbah > 1 month ago | Report Abuse

In years when inflation was between 2%-5%, gold’s price increased 8% per year on average.

Posted by ahbah > 1 month ago | Report Abuse

Between 2000 and 2022, a gold investment would have yielded over 500% return versus the S&P at 300%

Posted by ahbah > 1 month ago | Report Abuse

Between 1971 and 2022, gold had average annual returns of 7.78%.

Posted by ahbah > 1 month ago | Report Abuse

Gold is one of the best-performing asset classes, if not the best, in the last 50 years.

Posted by ahbah > 1 month ago | Report Abuse

It’s a long-term store of value. You should have at least 10% of your portfolio in gold.

Posted by ahbah > 1 month ago | Report Abuse

On a long term basis, gold is always a 100% sure winner !!! 😄😄😄

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

https://posts.voronoiapp.com/markets/The-Growth-of-100-by-Asset-Class-1970-2023-936


Growth of $100 by asset classes from 1970 to 2023.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

The enemy of your cash is INFLATION.

The friend of your cash is COMPOUNDING.

The best asset to compound your cash over the LONG TERM is STOCKS (EQUITY), as it offers the highest rates of return compared with all the other asset classes.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Stock price goes up and down. It is volatile. Volatility is NOT risk.

What are risks in investing?

1. Not investing is risk. Risk from inflation.
2. Not knowing what you are doing is risk. Risk of losing your capital permanently.
3. Investing in gruesome company is risk. Over the long period, it underperforms, fails to perform or destroys capital. Also, opportunity costs.
4. Entangling in a company run by dishonest manager is risk. You will never get a good deal from someone who is dishonest.
5. Buying at high price is risk. Probability of loss is higher than probability of return. Also opportunity cost.
6. Holding onto losers in your portfolio is risk. Lovers continue to lose money. Opportunity cost of reinvesting into a better stock.
7. Selling a great stock too early is risk. Misses out on the huge future gains from a great compounding company.

Many, if not all, of the above risks are behavioural in nature. The BIGGEST RISK to your investment is YOURSELF!😀