they learning by reading ur posts and spam..

Nope. I always put valuation first, then choose.

i m one of the silentner...
too noob to comment, so only observe lo...

You should not take the valuations at face values.

On the surface, some stocks may appear to be undervalued bcos of many hidden costs to be written off over a long period of time. I suspect Maybank might adopt this approach. AirAsia could be another ( Analysts expressed some doubts )

Some companies may appear to be overvalued bcos they prefer to write off pre operating expenses even before the commencement of a business. Though under the accounting rule, these expenses could be written off during the year it starts to operate. amended.

So some adjustments or discounting factors may have to be applied.

Not easy to spot them, but just keep in mind of the discrepancies that may arise.

It is an art or skill . Care has to taken if you go for super long term.

For the purpose of sharing only aka do not mean to lecture anyone.

This post has been edited by SKY 1809: Mar 6 2010, 11:21 AM

nice sharing sky1809 extra info for me to look around for some truthful companies..

unemployment no change 9.7%. nonfarm payrolls better than expected....
it's buying fest again.... DJ Future +54

with another good news @ 3.00pm, Consumer Credit... i think DJ is all ready to set new high..

KLCI has brighter hope to stand at 1300....

This post has been edited by mopster: Mar 5 2010, 09:41 PM

When is my Pbbank gonna fly like MBb?

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Added on March 5, 2010, 10:04 pmAnother opportunity to sell INTC. Not much luck recently. Manage to sell first batch only

This post has been edited by jasontoh: Mar 5 2010, 10:04 PM

Will the mother share always decrease in price during ex-dividend?

DJ is soooo greennnn

I heart attack liao!

Good point. Can look at how long companies estimate the useful lives of their assets as an indication of the aggresiveness in the selection of accounting policies when making comparisons. But just a minor point la, don't think you can find capitalisation of pre-operating expenses nowadays. The rules on that changed years ago.

Peanut dividend is one thing, but then, come on, don't give voucher as dividend lar... Cash is more "practical" mar...

Yes, I agree. Under the matching concept, written off during the year seems to be more appropriate, no doubt about it. Better if written off as soon as possible.

Accounting policies needed to be fair to the current economic environment . Also not static , always changing to the needs of the business community.

The change of accounting rule in US of marking to market to some " Fair Valuation " is one such , that most Accountants disagree, but it is saving the whole world from falling apart anyway.

Which stock market in the world could withstand on its own if Dow falls apart ?

Costs or Expenses incurred whether can be " capitalised" or written off themselves are subjective in nature to some own interpretation . How you support your arguments is important.

One very unique Accounting Practice in Malaysia is, assets registered under the name of a third party ( so called Bumiputra ) could be capitalised as Assets of the non Bumiputra company per se , and hence claiming for Capital Allowances ( written off by way of depreciation ) by Non Bumiputra. Perhaps, not acceptable in other parts of the world.

( sorry , to mention the subject of race here )

The bottom line is the Fairness per se, and one should not strictly or blindly follow so called "Accounting Practices"

Things happened or practised in Malaysia during the Asia Financial Crisis were deemed to be totally unacceptable , now deemed to be normal acceptable practices in US.

Bail outs of banking system, lowering of interest rate , creating more employments and more spending to stimulate the economy in Malaysia , were totally unacceptable by IMF or US during the Asia Financial Crisis, right ?

Who pays the External Auditors anyway, so the subject of Independent "ness" is seriously in doubt.

You think the external Auditors of LCL are totally doing a good job ? Cannot be sued by Investors ?

The whole world is inter dependent.

I seriously urge accountants to come out and share their own opinions and not merely " auditing " people ideas.

Thanks, anyway for sharing yours.

This post has been edited by SKY 1809: Mar 6 2010, 09:11 AM

Good news for RCECAP!!!!

No commercial bank access into civil servant mart

THE government has no plans to let commercial banks enter the lucrative civil servant loans market, Second Finance Minister Datuk Seri Ahmad Husni Mohamad Hanadzlah said.

"No, we have not discussed that at all. It's not on our agenda at all," Husni said in Kelana Jaya yesterday, when asked if the government would consider such plan.

A news report last year said a number of commercial banks are planning to break into the market of lending to government employees after being allowed to make automatic salary deductions. The report did not name the banks or where it got the information from.

At present, only credit cooperatives and a number of government-owned financial institutions are provided with the special codes that allow these salary deductions. The ability to deduct loans repayment from the salary makes this business profitable for banks because the risk of bad debts are much lower

one more undervalue counter spotted.

Interesting Article :-

Should Maxis’ current shareholders bear IPO costs?

http://biz.thestar.com.my/news/story.asp?f...02&sec=business

I am still trying to figure out under which " Accounting Practice" , costs incurred are relevant to Maxis.

Or Accounting Practices give leeway, perhaps the reason given is , the listing was requested by a VVIP ? So it is justifiable in nature ?

Anyone cares to share more.

This post has been edited by SKY 1809: Mar 6 2010, 11:00 AM

So come monday, do we see more red in Maxis? :

That is not my point.

I am more concern with Accounting Practices give way to " TOO BIG TO FAIL " corporations.

The universal concept of Fairness to all ( big or small alike ) is seriously in doubt.

This post has been edited by SKY 1809: Mar 6 2010, 09:34 AM

Sky,

that is the sad story for ikan bilis like us who swim together with the sharks.... For maxis CASE ANANDA Krisnan is the one who benefited the most.By listing maxis (malaysia operations) for the second time he parred down the company debts ...Why don't he listed maxis oversea operations as well?

Thats y i am doubtful also on the listing of TAGB with IPO PRICE same with its par value. Trying to dig out more information on this counter.

There must be something behind for the boss for IPO not just "FUND RAISING" so simple i believe.

This post has been edited by darkknight81: Mar 6 2010, 09:52 AM

Yes, I agree with you.

The concept of having IPOs changes a lot today.

It is more of spreading the risks ( transferring risks to small fish ) as the business worldwide is at great uncertainty and facing fierce competition . Of course , it is hidden under " Fund Raising " Objective. It is more like someone is buying an insurance policy, with no " intention " to claim but likely in future.

On the other hand, listed companies with good cash piles , more and more are taken into private ( relevant to dividend investors like you )

" TOO BIG TO FAIL " is likely to fail in next crisis.

Breaking up of very large Corprations into smaller units would also lower the risks in time to come. The old school of thought of " Specialisation" i.e doing what you are really good at is making a come back.

The recent changes ( more to come ) to banking rules that make Banks more difficult to own Banking, Insurance and Broking Business under one entity , unless you have very huge Paid up Capital to support. So breaking up could be another good option.

Could be more IPOs coming the way.

Just my personal opinion

This post has been edited by SKY 1809: Mar 6 2010, 12:26 PM

that's why I sold off Maxis not long ago, cause I finally figure out that they are sort of using this relisting for their own benefit. Better late than never maybe.

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Added on March 6, 2010, 11:09 amI don't think so....just trading sideways, my opinion. You holding-kah?
By the way, Proton, is the Maybank 0.1% still on after March?

This post has been edited by sharesa: Mar 6 2010, 11:09 AM