you can read my mind!
losing as on their profit, not share price.

Anyone knows Alaqar's FY12 or FY13 DPU? Thank you!!

This post has been edited by yok70: Aug 15 2012, 03:59 PM

means such as msports.
improving profits and improving dividends, but share price now 52 weeks low. So how? sell? Me no sell.

This post has been edited by yok70: Aug 15 2012, 04:10 PM

IHH tough fight to stay support at 3.15.

Thing is, one of the main point is low salary here.
Because of low salary, many old fella, be it 55 or 60 year old, still not saving enough money to live for another 15 years (if they die at 70-75 year old).
And it's not a good idea to throw away the old ones just for the purpose of increasing jobs for the young ones. What we should do is to increase jobs, be it for the old ones or the young ones, same same. Because either old ones or young ones, jobless still an issue (as stated above, salary too low so savings not enough).
Just my view.

That's why foreign investment into our country is very important. BN (got help from advisors TTB/Ajib's bro in CIMB etc) is on the right track aggressively inviting foreign investors to come in our country. This is the only way to increase jobs in the country without spending too much of our own money (be it from EPF or so). Look at SG and we all know how many Malaysians are now there working. Singapore has massive foreign investments and therefore created much more jobs than their citizens need.

One of the major issue of western countries is that they don't save, they just spend. That's why China is so rich now. It's basically these rich western economy (with high salary) giving money to China from their very high purchasing power. On the other hand, created lots of jobs for China to produce products for the westerners to buy.

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Added on August 15, 2012, 5:14 pmLast time when I were in the US college, my room mate, an American, basically have zero savings. He just work part-time in the school's canteen, and got free food from it, and then spend ALL of his salary to buy bags, clothes, magazines etc. Each month, he has zero savings. If next month he not working, he will come to me asking me to borrow him some money to buy soap etc. And how old was he? 25 year old, a rather old undergrad student who suppose to be mature.

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Added on August 15, 2012, 5:15 pmi no good at this. pana gold finger stronger. but this is red-chip, "investors" won't like it.

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Added on August 15, 2012, 5:19 pmMalaysia 2Q GDP grows 5.4% vs 4.9 in 1Q.

http://www.theedgemalaysia.com/business-ne...s-49-in-1q.html


This post has been edited by yok70: Aug 15 2012, 05:19 PM

ya, all depends on parents one. just graduated already got parents bought them new car. And the youngsters who earn 2-3k a month can change smartphone yearly and buy ipad, can afford go coffee bean few times a week. And many of them expect the first installment of their first house to be paid by their parents as well. It's expected, if parents did not buy, they even not happy.

they are so weak. But you are the strong one, started work early.

除握有大筆現金外，要登上國際舞台，東南亞企業還有其他優勢。部份當地企業正為2015年東南亞地區經濟共同體的誕生作準備。
根據資料業者Dealogic，在過去1年內，扣除東南亞地區主權財富基金進行的收購，該區企業宣佈的跨國併購金額已創299億美元新高，幾乎是去年同期110億美元的3倍，也高於去年全年的232億美元。

http://biz.sinchew-i.com/node/63997

The worst has passed? "Investors" starts to grab "cheap" assets? Wealth is transferring from the west to the east? Only time will tell.

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Added on August 15, 2012, 8:08 pmKUALA LUMPUR, Aug 15 (Bernama) -- Asean is set to become the sixth biggest automotive market globally by 2018, with vehicle sales almost doubling to nearly 4.7 million units, as compared to 2.4 million last year.

Indonesia and Thailand will lead the growth, says Frost & Sullivan in a new analysis, CEO 360 Degree Perspective of the Automotive Industry in Asean, covering four key automotive markets of Indonesia, Malaysia, Thailand and Vietnam.

It finds that the market is likely to grow at a compound annual growth rate (CAGR) of 10.1 per cent (2011-2018).

"Thailand and Indonesia vehicle sales are likely to hit one million units by 2013, driven by local demand, increased buying power and significant investments from Japanese original equipment manufacturers (OEMs)," Vijayendra Rao, Research Manager, Asia Pacific Automotive Practice said in a statement.

"Thailand is expected to continue its dominance as a production hub in Asean due to the significant investments by Japanese OEMs, incentives from the government, good supply base and required talent," he added.

He said the Malaysian government had extended the full tax exemption of import duty and excise duty on hybrid and electric cars for vehicles below 2,000cc until Dec 31, 2013.

"This has led to a huge growth in sales for hybrid models such as the Honda Insight, Toyota Prius and Lexus CT 200h." he added.

http://www.mysinchew.com/node/76563



This post has been edited by yok70: Aug 15 2012, 08:08 PM

Main contributor for the quarter is construction sector.
Hmm.....will it be....coming soon?

wah! only decrease 4% vs last year! amazingly fast recovering! bravo! RM30 coming!

WB bought lots of US O&G stocks(NOV and Phillips66) in past 3 months.

It has nothing to do with Perisai though....almost nothing, except for the optimistic on O&G sector worldwide.

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Added on August 16, 2012, 10:45 amSounded very sarcastic. Don't understand why you so anti "investors". Open up your mind, the world will be better looking.

This post has been edited by yok70: Aug 16 2012, 10:45 AM


Attached File(s)
 Perisai_CU_20120815_MIB_1863.pdf ( 819.51k ) Number of downloads: 19
 Perisai_cimb_150812.pdf ( 422.31k ) Number of downloads: 15

wah CSL still able to stay above IPO price, now at PE 6x. Please maintain above 5x for 1 year, then we got chance to see china companies re-rating.
but not yet reach the 6 months locked up yet right? does cSL got this thing too?

This post has been edited by yok70: Aug 16 2012, 11:12 AM

Just my opinion, nothing fancy here.
EPS is just one of the many important measurement to judge a stock, I think.
We also need to "feel“ the quality of the management, which is actually very important part for me.
Do they appreciate shareholders? Meaning, any corporate exercise(dividend, RI, BI, private placement etc) will concern on their existing shareholders first.
Do they have the ability to overcome tough period for the company to keep the damage as low as possible? (recent Japan's hit by Korean competitors, natural disasters etc)
Besides, I also look at their above performance for at least 5 years and above, not just 1 or 2 years.
And of course, the company business' present and future, definitely.
Anyway, this is just about my so called "fundamental stocks" judgement. I also got some other "punter stocks" in my portfolio too, such as DRBHCOM, since their past history sucks, but I'm betting on their future. Same goes to Perisai. These companies have major re-structuring, so need to bet on them or don't buy.

Just my view, don't eat me.

It's my pleasure to discuss with you here.

Fundamental investing is not just about dividend yield. Like WB said, first rule, don't loss money. To buy a sky high growth stock (ie EPS up 1000% suddenly), yes, it's capital gain may happen overnight to earn profit of 10x, very happy. But what is the hit rate? So some will gain (huge), but some others will loss (also huge). What WB means is, at least, on a fundamental strong company, the capital at least can be reserved (if not slightly loss). This is about play safe.
But I'm not promoting must 100% play safe, I'm just pointing out this point.

Once again, you need to open up your mind in discussion.

Yes, I don't think 4% yield is attractive. But EPS growth is not the major concern for many investors, especially institutional investors. Because you should know that valuation of a stock plays a key role on share price upwards, if you haven't realized this key point. Just take a look at Padini, Nestle and Dlady. Their EPS growth are much much lower than their valuation growth, which makes its share price upwards so huge.
And I don't see you really open up your mind to listen what I mentioned about management skill etc. As an investor(as how you look at yourself, obviously), you cannot look at short term EPS growth because that could be unsustainable. Does this make sense to you? Or you don't care at all (as an investor)?

Speaking of Panamy (no need play secret lah, we all know we are taking Panamy as an example here).
Let me list to you its EPS history:

(FY year)-sen
2008-85.73
2009-82
2010-85
2011-136
2012-109
2013-30(1st Qtr)

And then please compare the above EPS with the attached 6 years share price graph.
What do you see from there?
The EPS is sustainable for few years and then it grows strongly, and then it slows down. But overall, it's consider sustainable, unlike some other companies that got huge loss or above 50% decrease while economy gets worse. Look at the graph, it's obvious that it's the valuation appreciation that pushed the price up so huge. Any investment takes time to grow fruit. A 3 years time to grow fruit is common for any business. This you also should know, right?
Future growth? Lets talk about future growth. Panasonic Japan HQ starts to move out some of its production lines to other countries. Malaysia already one of its target, this is also obvious, by looking at their recent investment in Malaysia.

I spend a lot of time to discuss with you, because I like discussion. I always think discussion can benefits many people. But pinpoint has no benefit at all, only create chaos and hate. I don't like that at all. Please don't do that. Just discuss according to our discussion points on the topic.

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Added on August 16, 2012, 1:00 pmAs a senior player, I don't expect you to talk like that. Sorry to say this, Sky taikor.
For real estate investment, we all knows can't look at such short term, and we also all knows it depends on world/country economy situation. As for US case, of course we can't look at 5 years time since that's exactly the time it suffered crisis. Why you brought up such misleading opinion?

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Added on August 16, 2012, 1:02 pmI think WB dumped those too high valuation consumer stocks, to buy high growth potential fundamentally strong O&G stocks. High growth is not the opposite of Fundamentally strong. They can co-exists.

This post has been edited by yok70: Aug 16 2012, 01:02 PM


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The management keeps the huge amount of cash without any investment is better than "simply invest and then makes loss". This sounds stupid but it's actually happening to many many small(and so called undervalued) companies. Fast expansion is very risky because it's like making new businesses instead of doing the existing "proven" business model. Take a look at Masterskill, they have huge cash last time and then invest hugely to build a university campus. Then? Not enough students, and the campus minimizing and halt and huge profit dropped. Reason is easy: expansion needs capital and managing the newly expanded business also need capital. Another example is Proton investing in Lotus, huge mistake. Lotus has been eating up huge amount of Proton's cash without much contribution on earnings, this makes Proton traded at below its assets value. And of course there are smart ones, such as Padini. Expansion but still making more and more profit. As for Panamy, its TV business has been hit big by Samsung, so it has to accept that and do something about it. Not just spending more money for investing can solve the problem, they need to find a way. And many times, rushing for one solution might kill you in one shot.

Agreed with you that Panasonic products very hard to damage so sales may be less. But this is how they build the good brand name and this is how the business able to be sustainable in long term. There is always many ways to grow, such as entering new market. As for Panasonic Malaysia, its entering to Middle East was not so lucky since war happening now. But can't deny that is a huge market there, although facing China's tough low-pricing competition. But I'm seeing China's product can no longer be so cheap in near future because their salary and living expenses have been growing up fast. I'm seeing it on par with most Asian countries in 2 years time. And then, it's the Japan HQ's decision of moving some parts out of Japan that keeps me optimistic. If remember correctly, they are moving the HQ office to Singapore. And we are so near to Singapore. If they slowly shift more productions into Malaysia's factories, the growth potential can be huge.

Dividend. This is second to me actually. The first one is growth, which is inline with your strategy. So why dividend? Because we wish to buy at lower valuation, which means before the growth starts to get fruits. So we need to buy in advance, and then wait for the fruit to come. And at the waiting time, a dividend is good so that we have some income to ease our boring waiting time.



This post has been edited by yok70: Aug 16 2012, 01:38 PM

Keeping cash is same as we, stock punters, usually don't use 100% of our money to buy stocks. We will keep some cash. If one day we sick, use it for medication. If one day got lelong sales, use it for "investment". Very simple technique.

Yes, I agree with you. At current price, Panamy is not cheap. I am not adding more. I bought from 19 to 21 and then stopped. Earliest bought at Nov 2011. I didn't caught the cheap fish at below 10.00 that time.

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Added on August 16, 2012, 1:54 pmYou are totally missing the point here. We are not discussing about those things. You should read them all then you know.

This post has been edited by yok70: Aug 16 2012, 01:54 PM

He won't reply you lah! He got no opinion one, only buy calls.

wah, Axreit goes mad.
Maybe they want to buy asset in Mars. Properties price still super undervalued there.

suspect they goreng up to release their about to expire warrant?
court case postponed to next month. maybe gomen want SC to settle (GO) before the hearing since too no face and hurt market sentiment.