human

When crude oil price increase only o&g company make more profit. Other non o&g companies which is the bulk of companies make up of usa economy will have a surge in cost cause reducing corp earning which reduce valuation.
Inflation increases when energy cost increase, disposable income reduction affecting usa consumption.
These 2 factors alone put pressure on stock market.

1 month ago

speakup

When crude oil increase, govt one step closer bankruptcy cos the real price of Ron95 as of now is rm3.80!

1 month ago

speakup

If Brent hit usd200/barrel, Malaysia govt will be declared Bankrupt and all govt assets forced sell to World Bank/IMF

1 month ago

Sslee

Do anyone know that Saudi can just switch on it tap and flood the world market with crude oil?

1 month ago

human

what reason would Saudi do that?

1 month ago

speakup

Why is TTB pushing up for COL?

1 month ago

JunHoHoHoHo

Brent oil won't hit that high. The U.S. has massive oil inventories

https://www.rigzone.com/news/usa_crude_oil_stocks_rise_almost_6mm_barrels_wow-11-apr-2024-176380-article/

1 month ago

human

Usa Strategic Petroleum Reserve (SPR) is critical mitigation to severe oil supply crisis or economic disruption.
2022 the reserve is 600million barrels, due to Russian and Ukraine crisis the reserve depletes at alarming rate till current approximate 360million barrels.
Due to high oil price, usa stop restocking the depleted oil, the reserve is at lowest level since 1980s.
So what does that mean?

1 month ago

Patient Investor

NAV crosses RM4 mark. good for all, especially to largest shareholder COL who can now brag to their strategic investors.
interesting to see COL yet to sell any, share price also holding strong even COL not buying.

1 month ago

speakup

Icap share price high so TT stop hantam COL

1 month ago

JohnD0ugh

The performance of icapital.biz Berhad has been outstanding, not just in terms of its NAV but also its share price over many years.

Whether it is low inflation or high inflation, whether it is rising or falling interest rate, icapital.biz Berhad has consistently delivered superior returns to its shareowners and is still boasting of a substantial cash-laden war chest.

Let me recapitulate a fundamentally important point. A well-managed closed-end fund like icapital.biz Berhad is an excellent investment product for individual investors, especially during tumultuous times like now.

However, after so many decades, there is sadly still only one closed-end fund listed on Bursa Malaysia. The world-class London, Sydney and New York stock exchanges abound with hundreds of closed-end funds. Their investors have so many choices in terms of investment products.


i Capital.biz Berhad 4Q2022 Report

1 month ago

Sslee

Sadly but rightly in the kingdom of the blind, the one-eyed man is king.

4 weeks ago

speakup

https://www.freemalaysiatoday.com/category/opinion/2024/04/13/when-did-malaysians-get-so-thin-skinned/

4 weeks ago

speakup

http://www.financetwitter.com/2024/04/a-racist-hypocrite-anwar-condemns-killing-of-terrorist-buddy-haniyeh-kids-but-allows-firebombing-on-fellow-chinese.html

4 weeks ago

JohnD0ugh

icapital.biz Berhad has always been managed in such a way that its shareowners can sleep soundly at night, knowing their hard earned savings are in good hands.

I have also managed icapital.biz Berhad in such a way that in times of crisis or dire need, icapital.biz Berhad is there for its share owners, witness the special RM28 million Covid Relief dividend.

Not only have I achieved all of the above, icapital.biz Berhad has also delivered superior returns to its shareowners and is still boasting a substantial cash-laden war chest.

A well-managed closed-end fund like icapital.biz Berhad is an excellent investment product for individual investors, especially during tumultuous times like now.

However, after so many decades, there is still only one listed closed-end fund on Bursa Malaysia. The London, Sydney and New York stock exchanges abound with closed-end funds.

For Bursa Malaysia to have the same percentage as London for example, the Malaysian stock market should see more than a hundred and thirty closed-end funds listed, instead of just one.

icapital.biz Berhad is without doubt a precious investment. Do not let any investor who refuses to be a share owner destroy such a rare gem.


i Capital.biz Berhad 3Q2022 Report

3 weeks ago

EngineeringProfit

Yup

3 weeks ago

JohnD0ugh

The NAV of icapital.biz Berhad, in absolute amount, is now more than RM550 million. It is time for Bursa Malaysia to include icapital.biz Berhad as a component stock of the KLCI.

With new infections in Malaysia falling, along with the re-opening of the Malaysian economy and RM210 over million cash in reserve, its NAV is expected to rise further. Will its share price follow suit ?

As its fund manager, my investing decisions influence the NAV performance of icapital.biz Berhad. On the other hand, the market price of icapital.biz Berhad is, positively or negatively, determined by investors, especially those who breached the 20% single shareholder limit.

Let me reiterate the power of compounding for the long term by quoting from the 2021 Annual Report :
“With icapital.biz Berhad, shareowners get a well-managed fund, founded on integrity, and offers excellent prospects. There is in fact no reason at all to wind it up -- why chop down a bountiful fruit tree before it has matured?”


i Capital.biz Berhad 1Q2022 Report

2 weeks ago

JunHoHoHoHo

Q3 will be out today?

2 weeks ago

JunHoHoHoHo

Shocking, its Q3 turns red ...Its operating expenses are high ..

1 week ago

Patient Investor

Nothing shocking, the NAV climbs, manager fee will increase.
The only benchmark on the fund performance is NAV growth.
Fund manager is doing a great job, the fund NAV increases 15% in one year.

1 week ago

Sslee

The NAV of icapital.biz Berhad, in absolute amount, is now more than RM550 million. It is time for Bursa Malaysia to include icapital.biz Berhad as a component stock of the KLCI

Just for my understanding.
Component stock of KLCI mean what?
How to be included into this component stock?
Any market capital or NAV criteria/qualification to be included into component stock of KLCI?

Is icapital know above answer before coming out with a statement that icapital NAV is now more than RM 550 million and it is time for Bursa Malaysia to include icapital.biz Berhad as a component stock of the KLCI?

1 week ago

FastMoney666

Lol! Dream on - market cap does not even breach 1 billion. Even small cap also not qualified. The fund manager like to mis-lead people. Integrity?

1 week ago

FastMoney666

>>>>>
As its fund manager, my investing decisions influence the NAV performance of icapital.biz Berhad. On the other hand, the market price of icapital.biz Berhad is, positively or negatively, determined by investors, especially those who breached the 20% single shareholder limit.
>>>>>>

Second misleading thing - iCap lost the appeal all the way to Federal court when the court rules no individual shareholder exceeded 20% holding.

It's a scary thing when people tell 1/2 truth 1/2 lies....

1 week ago

Sslee

Second misleading thing - iCap lost the appeal all the way to Federal court when the court rules no individual shareholder exceeded 20% holding.

Are you saying icapital is openly and blantantly show his middle finger /contempt of Federal court rulling that no individual shareholder exceeded 20% holding?

Did icapital committed an offence punishable with jail term or fines under Malaysia law for contempt of Federal court rulling?

Quote,"As its fund manager, my investing decisions influence the NAV performance of icapital.biz Berhad. On the other hand, the market price of icapital.biz Berhad is, positively or negatively, determined by investors, especially those who breached the 20% single shareholder limit.

i Capital.biz Berhad 1Q2022 Report" unquote.

1 week ago

FastMoney666

Haha.....if they dare to mention that explicitly it's COL - then they can be sued till no pants for defamation and libel against the court

1 week ago

FastMoney666

but unfortunately they won't dare ... only poking here and there.....

1 week ago

FastMoney666

they always speaking out of two mouths -- one mouth say they care only about NAV but they other mouth say they don't care about the iCap share price but all the statements contradict themselves

1 week ago

Sslee

The NAV of icapital.biz Berhad, in absolute amount, is now more than RM550 million. It is time for Bursa Malaysia to include icapital.biz Berhad as a component stock of the KLCI

Is icapital component stock of the KLCI refer to FTSE Bursa Malaysia KLCI index?

If the answer is yes then someone much be ill informed, financially illiterate and unfit to manage any fund.

Selection of FTSE Bursa Malaysia KLCI Constituents
The FTSE Bursa Malaysia KLCI comprises the largest 30 companies listed on the Main Board by full market capitalisation that meet the eligibility requirements of the FTSE Bursa Malaysia Ground Rules.

The two main eligibility requirements stated in the FTSE Bursa Malaysia Ground Rules are the free float and liquidity requirements as indicated below :-

Free Float
Each company is required to have a minimum free float of 15%. The free float excludes restricted shareholding like cross holdings, significant long term holdings by founders, their families and/or directors, restricted employee share schemes, government holdings and portfolio investments subject to a lock in clause, for the duration of that clause. A free float factor is applied to the market capitalisation of each company in accordance with the banding specified in the FTSE Bursa Malaysia Ground Rules. The factor is used to determine the attribution of the company's market activities in the index.

Liquidity
A liquidity screen is applied to ensure the company's stocks are liquid enough to be traded. The method is based on the calculation of the stock's median daily trading per month.

1 week ago

firehawk

Dishonest person always try to mislead naive

1 week ago

Sslee

Someone should join politic. It is a waste of his talent managing a small fund rather than management a government or a GLC.

1 week ago

JohnD0ugh

In the Investor Day of icapital.biz Berhad held on 5th Nov 2023, I gave a radical bullish presentation on Malaysia’s longer term investment outlook.

In the midst of a recovery from the pandemic, worsening global geopolitical tensions, widespread political turmoil, soaring inflation, volatile exchange rates and extreme climate patterns, my simple advice 6 months ago was that now is the right time to invest in Malaysia and that icapital.biz Berhad is the best stock to invest in.

I continue to maintain these positive views.

My presentation was titled “Why Now is the Right Time to Invest in Malaysia.” The main reasons for my well-timed bullishness were China’s strong economic recovery, Malaysia’s new found political stability and the lack of a demoralising opposition.

What about the future performance of icapital.biz Berhad? First, let me very clear. icapital.biz Berhad will perform strongly in terms of its NAV and share price. Why?

I expect the KLCI to rise to 2,500 to 3,000 over the next 3 – 5 years. In such a situation, ICAP’s share price will jump. With the KLCI rallying, the NAV and share price of your Fund will rise together, and after many decades, there will be widespread bullish investor sentiment in the Malaysian stock market.

Moreover, the cash holdings of icapital.biz Berhad has fallen substantially in recent years, positioning your Fund for a strong growth in its NAV and share price. In addition, icapital.biz Berhad now offers the most innovative dividend policy In the world.

In such a future, it is reasonable to expect that icapital.biz Berhad’s NAV will more than double in 5 years – in the past, icapital.biz Berhad’s NAV has outperformed the KLCI by a big margin. In such a bullish market, ICAP’s discount will also disappear and a premium will arise.


i Capital.biz Berhad 3Q2024 Report

1 week ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

>>>
In such a future, it is reasonable to expect that icapital.biz Berhad’s NAV will more than double in 5 years – in the past, icapital.biz Berhad’s NAV has outperformed the KLCI by a big margin. In such a bullish market, ICAP’s discount will also disappear and a premium will arise.
>>>


?????

1 week ago

EngineeringProfit

Huat arrr

1 week ago

Thirai Thiraviam

JohnD0ugh, you say, or quote TTB saying, that “I expect the KLCI to rise to 2,500 to 3,000 over the next 3 – 5 years.” What is the basis for this increase? While KLCI is still undervalued based on PER, and reverting to the historical mean should push the index up, don't you think 60% — 100% increase is rather too optimistic?

6 days ago

Sslee

Warren Buffett is very bearish on the market.
Warren Buffett's $189 Billion War Chest Looks Bearish for StocksThe Berkshire Hathaway chief sits on a record cash pile and expects it to grow further.
BY PHIL ROSEN, CO-FOUNDER AND EDITOR, OPENING BELL DAILY @PHILROSENN
MAY 6, 2024

It is a funny world. When the one and only one real Warren Buffett is bearish the so many Warren Buffett wannables are extremely bullish.

6 days ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

DATE --- KLCI INDEX --- M. CAP m (T30)
7.5.2024 --- 1,605.76 --- 1,118.72
28.8.2021 --- 1,601.38 --- 1,053.84
19.6.2020 --- 1,503.19 --- 964.98
5.3.2020 --- 1,491.03 --- 960.89
6.7.2018 --- 1,663.86 --- 1,028.10
18.1.2018 --- 1,824.81 --- 1,118.64
10.12.2017 --- 1,721.25 ---
2.11.2017 --- 1,742.49 --- 1,059.87
3.1.2014 --- 1,804.03 ---
7.6.2013 --- 1,775.59 --- 934.17
11.1.2013 --- 1,682.70 --- 902.68
19.10.2012 --- 1,666.35 --- 871.09
28.1.2010 --- 1,264.51 ---
9.7.2009 --- 1,065.68 ---
3.7.2008 --- 1,153.70 ---


When and how long was iCap in cash and bearish in the market over the last decade?
When and how long iCap recently turned bullish in the Malaysian market?

6 days ago

Sslee

TTB can't do the math and thus do not know if index is at 2,500 to 3,000 how much the 30 component index companies need to grow their earning for their market cap to increase multifold.

TTB just trying to curry favor PMX . He is more a politician than a savy investor.

6 days ago

Sslee

THE LIST OF FTSE BURSA MALAYSIA KLCI INDEX CONSTITUENTS
NO. STOCK CODE CONSTITUENT NAME
1 1015 AMMB HOLDINGS BHD
2 6888 AXIATA GROUP BERHAD
3 6947 CELCOMDIGI BERHAD
4 1023 CIMB GROUP HOLDINGS BERHAD
5 3182 GENTING BHD
6 4715 GENTING MALAYSIA BERHAD
7 5819 HONG LEONG BANK BHD
8 1082 HONG LEONG FINANCIAL GROUP BHD
9 5225 IHH HEALTHCARE BERHAD
10 1961 IOI CORPORATION BHD
11 2445 KUALA LUMPUR KEPONG BHD
12 1155 MALAYAN BANKING BHD
13 6012 MAXIS BERHAD
14 3816 MISC BHD
15 5296 MR D.I.Y. GROUP (M) BERHAD
16 4707 NESTLE (M) BHD
17 5183 PETRONAS CHEMICALS GROUP BHD
18 5681 PETRONAS DAGANGAN BHD
19 6033 PETRONAS GAS BHD
20 4065 PPB GROUP BHD
21 8869 PRESS METAL ALUMINIUM HOLDINGS BERHAD
22 1295 PUBLIC BANK BHD
23 7084 QL RESOURCES BHD
24 1066 RHB BANK BERHAD
25 4197 SIME DARBY BHD
26 5285 SIME DARBY PLANTATION BERHAD
27 4863 TELEKOM MALAYSIA BHD
28 5347 TENAGA NASIONAL BHD
29 4677 YTL CORPORATION BHD
30 6742 YTL POWER INTERNATIONAL BHD
Note: The constituents list was last updated on 18 December 2023.

6 days ago

speakup

how come TTB never hantam COL anymore?
so isit when icap cheap, TTB blame and hantam COL. but when icap expensive, TTB good friend with COL

5 days ago

OTB

The highest point of Jakarta Composite index (JKSE) was at 743 in 1993, the present JKSE is at 7,134.72 on 3/5/2024, an increase of 6,392 points or 860% in the last 30 years.

The highest point of FBMKLCI was at 1,332 in 1994, the present FBMKLCI closed at 1,605 on 8/5/2024, an increase of 273 points or 20.5% in the last 30 years.

KLSE stock market is still far ... far ... worse than other stock markets in the last 30 years.

Even if the FBMKLCI Index moves up north to 2,000 points, it is still nothing to compare against other best performing stock markets.
KLSE is still a laggard stock market in SEA.

Thank you.

5 days ago

JunHoHoHoHo

TTB gaduh with COL 😁

4 days ago

EngineeringProfit

Kenyanggggg

4 days ago

Patient Investor

ICAP NAV has increase 13.9% YTD. ICAP share price has increase 18.7%.
shareholders can jut ignore the noises in here.

4 days ago

human

What amazing is that NAV and price increase in tandem even discount remain.
If current bull on Bursa continue then the noises will start deleting their comments.

3 days ago

JohnD0ugh

What will be the target price of icapital.biz Berhad 3 to 5 years from now ? There are two possible positive outcomes.

[1]. Assume NAV of icapital.biz Berhad doubling from RM3.93 – to around RM7.86 in 5 years. If its share price equals the NAV of RM7.86 then, it will rise by RM4.81 or 158% from RM3.05 nowadays. If its share price then trades at a say a conservative 10% premium to its NAV, as the Malaysian stock market will then be in a bullish mood, its share price will equal to RM8.65 – a rise of RM5.60 or 184% from RM3.05 now.

[2]. The NAV of icapital.biz Berhad has in the past outperformed the KLSE by 6 percentage points per annum. So, if this pattern repeats and the KLCI doubles in 5 years, the NAV of icapital.biz Bhd in 5 years’ time will be RM10.19. Assume its share price trades at a 10% premium to its NAV, the share price of your Fund will trade at RM11.21 – a jump of RM8.16 or 267% from RM3.05 nowadays.

In short, the expected share price of icapital.biz Berhad in 3 to 5 years’ time will double to either RM7.86 or rally to RM11.21, a gain of RM8.16.

The above performance has not included potential contribution from the dividend policy of icapital.biz Berhad.
In the past, when nearly all the shareowners of icapital.biz Berhad were individuals, its share price traded at a premium to its NAV. In the coming years, I pray that this can be repeated so that your Fund can finally restore its real value. In that context, I would like to make a plea to the few recalcitrant investors (for the lack of a better term to describe them) not to act disruptively and destructively.


i Capital.biz Berhad 3Q2024 Report

2 days ago

JunHoHoHoHo

Got dividend this year? 🙂

1 day ago

EngineeringProfit

Good

1 day ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

>>>
In the past, when nearly all the shareowners of icapital.biz Berhad were individuals, its share price traded at a premium to its NAV. In the coming years, I pray that this can be repeated so that your Fund can finally restore its real value. In that context, I would like to make a plea to the few recalcitrant investors (for the lack of a better term to describe them) not to act disruptively and destructively.
>>>

Why and when should a closed end fund trade at a premium?
As a value investor, he would like to buy at a discount.
It is easy to value a closed end fund, is it not?

1 day ago

speakup

City Of London is the best Goreng King of Icap!

1 day ago

Patient Investor

CEF is like stock, it will trade at premium when demand > supply. you also can view it like REITS, why some reits is trading at a higher premium over their NTA or even yield compare to their peers?

1 day ago