Every inch of Penang land is jewel, it's Singapore in making. Land price there can only go up.

what is your investing then? long term value investing without dividend? as you constantly talking about low PE investing and quite against high dividend payout. ICAP suits you?

This post has been edited by yok70: Aug 22 2012, 06:18 PM

True. Lots of leech masters also like to hangout in forums, so that to increase liquidity they look for mainly when they want to release their holdings. When they buy, they usually just keep quiet and won't benefit the forumers.
For the 3 of them, I look at Alex as the most respectable one. His writing "timing" is neutral. On the other hand, Dali and Coldeyes timing usually quite obvious that to benefits themselves the most although their analysis are also quite benefiting readers as knowledge of investment.
You means not fancy on their writings, but I find their writings quite good actually. Follow or not is not important, learn something from them is important. My glass is still quite empty, I'm just a newbie in stock market.

Life is tough, this is reality. Imagine our great-grandfather/mother, when they first arrived Malaysia, how hard for them to just survive? Nowadays, many youth and children are so spoiled. They thought just open hands, money can fall down to their hands (from parents). They complains on not satisfy on luxury desires like that's their parents owed them.
For any young family to buy a house for themselves, don't you think a minimum combination salary of at least more than RM10k monthly is required? For a family at this level of salary, I think they are able to buy a house at any area in Malaysia without any problem.

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Added on August 23, 2012, 12:01 amPublic Investment Research maintains Outperform on E&O

KUALA LUMPUR: Public Investment Research is maintaining its Outperform recommendation on Eastern & Oriental (E&O) and target price of RM2.20.

It said on Wednesday that price target of RM2.20 was a 30% discount to fully diluted RM3.10 RNAV.

“Potential catalyst include final approval for STP2 (760 acres, GDV RM12bil to RM13bil), JVs with Sime Darby (37,000 acres landbank with an estimated RM100bil. GDV) and realising its KPT of targeting RM250mil-RM300mil in FY12/13,” it said.

Public Investment Research said year-to-date, the group has achieved 26% of its earlier FY13 net profit estimate, primarily driven by the Quayside and Andaman condominiums in Penang and the St Mary Residences in Kuala Lumpur.

“Margins remained steady at c. 25% EBIT, despite the recent cost pressures. Separately, we tweaked our earnings estimates to reflect changes in our profit recognition assumptions and revised our FY13-15F estimates upwards by +10.7% and +6.1% respectively. We expect E&O to meet its bi-annual profit target of RM250mil-RM300mil,” it said.



This post has been edited by yok70: Aug 23 2012, 12:01 AM

800k house? Is that an ordinary house or a luxury house? In KL, we can always find ordinary house for less than 400k. Just put it at 400k, monthly payment is just half of the 4k in your table, which is 2k. I would say that's a very comfortable life already, for income 10k debt only 2k. Unless they also want to buy their first car as Honda Civic or so....and also update their phone to upcoming iphone 5, and then change a new Mac Book Air and tablet.....and the list goes on....
自足常樂啊！

This post has been edited by yok70: Aug 23 2012, 12:22 AM

Haha! You are fast!
I deleted that because after I clicked on the table Greg attached, the numbers are already all there, better than my wild guess.

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Added on August 23, 2012, 12:29 amIGB reit IPO application postpone. Don't know what's going on?
My Kassets....

This post has been edited by yok70: Aug 23 2012, 12:29 AM

I think it mentioned tomorrow's launching cancelled, but the IPO date no change. But again, nothing can be trusted nowadays. Only can trust FACTS.

You see, this is the difference between my generation (uncle) and yours (youngster).
For my generation, buying double storey house is for financial income above average people, those positioned as Manager class or senior staffs. This category only consist maybe 10-20% in a company, I'd say they are the "high income" group.
On the other hand, I don't know about Penang. But in KL, I can easily find a 400k double storey house. Just don't talk about luxury quality and best location loh, unless rich people.

This post has been edited by yok70: Aug 23 2012, 09:37 AM

From Kassets price so far, it seems no panic sell at all. I guess you are right.

I think they can never understand why a RM3k+ monthly salary youngster cannot buy a RM100k car to "enjoy life while young", so they complain.

eh? bonia is playing catch up. PE 13x now, Padini 20x.

Ok market sinking because China data no good.
Also market sinking because US data too good (dim hope on QE3).
Market is crazy.

I still remember Segi case. Price at 2.00 and they wanted to buy at 1.70. Then shareholders rejected and now no more GO. Price rebounds back to above 2.00.
I don't know what about this Bonia case. Can it happen like Segi? Need to wait for more details out. Hopefully OSK will write something on Monday to clarify what's going on.

One thing for sure, every single one of minority shareholders is going to curse them every night before sleeping from now on. I'll do that for sure. Very angry with such MONEY-SUCKER big shareholders. What PE is that at 1.80?? Even now at 2.59, trailing PE only 13x. Its peer? Padini is at 20x! OSK's TP? 3.15!

I'm very sure this is another MONEY-SUCKER exercise of sucking in great growth story ahead with minimum price. How can these people sleep at night? I don't understand.

One thing for sure, I'll sell all my Bonia as soon as I got the chance and will NEVER touch it again! The management said still plan to keep it public listed? Fxxx you lah! You list go ahead, and nobody want to touch it anymore! Blood sucker!

Now I just worry it will open at 1.80 on Monday(lower limit is 1.71)!

This is a case where no matter how well a company looks (cash rich, good dividend, visible profit growth story ahead), it's pointless, if the management or major shareholders look at the minority shareholders like a bunch of ants that can easily killed without any caring at all.
Now I see share market is more and more like a casino. You play a bet. If got unlucky, you loss. It's about luck, not analysis, sometimes.
Bonia represents 3% of my total portfolio. Quite hurting. Sigh! Now I'm at profit of 17%, by Monday it could turn into a loss of 18% instead!

This post has been edited by yok70: Aug 26 2012, 03:55 AM

Attached File(s)
 bonia_corp_founder_to_raise_stake_20120827.pdf ( 145.89k ) Number of downloads: 27

So Bonia drama not big today. Anyway, I had sold all my Bonia at profit of 8%. That's it, Bonia, so long. Won't touch you again. Bad bad boss! Go eat yourself.

This post has been edited by yok70: Aug 27 2012, 03:45 PM

REITs turn red to welcome IGBReit's launching. Dunno what they mean.

I tried to use "CDS Maintenance" to add a CDS account, but it keeps giving me an error message. Don't know what happen! Last time I did it for my friend and that was fine.
Without a "favorite CDS", cannot select CDS acc in IPO application! Damn! I wish to try this new toy since everytime apply through maybank2u also tak kena.

thanks for your concern. Ya, i sold all my shares.

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Added on August 27, 2012, 11:00 pmya loh!

thanks!

This post has been edited by yok70: Aug 27 2012, 11:00 PM

The article dated 27th August, means today. And they said they sold last Friday. I mean, I can't believe entirely what they said. If the article was out before last Friday, then ok, I believe.
Not to say bad about this model, just not agree with their timing of posting the article. So the "numbers" in that model is a bit unreliable.
But that's not so important for me. In fact, I must thank them for posting this model. It's very good for us to experience how a "virtual fund manager" may do their daily job. Learn a lot from it, and still learning.

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Added on August 27, 2012, 11:09 pmI think not a good idea loh. I'll feel pressure to expose that since I afraid blind followers and that's risky since I'm just a newbie.
Anyway, if you ask me one or two stocks i got or not, then no problem, i can tell straight away.

This post has been edited by yok70: Aug 27 2012, 11:09 PM

Same feelings with you and Pana. Market is kind of peak, but the QE around the world(US and China mainly) if realize may create another super bull (be it short term or mid term)....
I start cutting down holdings on those with not so pretty qtr report or political stocks. But continue to hold others with strong profit. I'm expecting to hold 30-35% cash when waiting for GE effect on market correction.

This post has been edited by yok70: Aug 31 2012, 05:08 PM