sejak bila aku ada biznes

I do not do short term trading.
Why?
It's not that I cannot skin a trade...
It's not that I cannot day trade...
It's just that I know myself...
I discovered myself after years of just paper trading.
And what I know is...
I cannot do short term trading...
It's just who I am.
So I avoid it.

Markets open so bullish...

Did u see it still in my siggy?

I already dump for 4 buckets of beer at 12.04 lar
Just 2 weeks of holding...now shifted to HLB
Less potential for heart attack

U think my sos unlimited meh?

Nope, just holding

That is subject to a LOT of speculation... If SA just reduce 10% of their production tomorrow.. you may get the $60 oil immediately.. 

Read the attached article, Indonesia is NET importer petroleum products.

Also the government is trying to do "nationalization" of foreign oil production facilities..which has destroyed a LOT of confidence. Almost 100% work stop for exploration now.

Ah.. more conspiracy...

Let see the list... 

1. Gain market share and destroy shale oil
2. Punish Russia over Ukraine
3. Punish ISIS to reduce thier income..
4. Punish Iran... their arch enemy

add stake in SKpetro again today 

uncle gark still   have still have stake in insas and inari ?

There's a FA guru that says Padini is worth close to 2.50.
But I believe this is in the long run. Give this stock to your future kiddos la while u buy few buckets of beer from the dividends when they increase the payout over time.

Unker Teh has given quite good explanation d. I was expecting Unker Pinky to tambah batu api somemore hahaha 

For clothing/fashion line, their margins are usually very good.
So whatever discount/clearance/firesale etc, they will still earn some margin for sure.
So I rather a business sell off most of their stocks with minimal margins instead making impairments and writing them off at a loss.

If you quantify the 3 groups of inventory losses, stocks written down to NRV, stocks W/O: overall i think the figure is still small and manageable.
U should compare this figures versus those recognised in their COS and current inventory balance in BS, so the % impact is still negligible and acceptable for their line of business. All retailers and most businesses incur similar expenses but lower.

Padini has been in the biz for quite a while, so I'm sure they know what they are doing despite facing massive competition all around. As Unker Pinky says it well enuf: their earnings are resilient. And this would eventually result in consistent and higher dividends in the end.

U call me Unker Pinky, I slap kao u

It should now be considered a Chinese stock.