Ya betul~!

Tetapi, I know some Unkers super ganas wan with their investment plan...

Let's say they identified a "situational" stock with an interesting story behind it and thinks that the stock is a "compelling buy". As long as they are convinced the stock is undervalued and should be at X price instead of current market price, they don't mind topping up and averaging down/up further until they have a massive amount. This strategy can go on for say a few months to a few years.

When the price reverses and heads towards or close to their TP, they make a massive killing from this strategy.

But, yeah , not everyone has the bullets and the discipline to do this.

The Comp is also operating at a super negative cash flow too. Their current cash and bank balances can almost say its 100% from the drawdown from borrowings. Susah ni. But I'm sure Pinky must have more lubang somewhere coz he won't simply change strategy unless the rewards way outweigh the risk.

Hmmmm...
Carlsberg tukar MD - Angmoh
Bumi Armada tukar CEO - Angmoh

TIME changed their broadband levels to insane levels. First market mover. This makes me think what the others, especially Telekom's Unifi are planning.

1MDB's Arul Kanda going to be interviewed @ BFM89.9 tomorrow morning.

Zeti.... still wants to pursue 1MDB matter. Let's see what magic she can conjure with her remaining final days with BNM.

pink spider FUYOOHHH~!! Malakof also u sapu. Ganas betul ni Si Accountant!

Sounds good! Still have proceeds or warchest for later opportunities?

I think there's a fair bit of red flags for Chinwel: on EU losing the anti-dumping law against China and the roller coaster ride on Forex now. Depending on when the contracts were negotiated and agreed on by Chinwel with their customers and suppliers, this can affect the overall turnover and margins for the next few qtrs to come. Not easy to hedge effectively this time.

Did anyone listen to the breakfast grill session with Arul Kanda just now?

This guy is really... really... good. Very smooth talker and in control of his temperament. Quite assertive and careful with his words, facts and statements. They definitely got the "right" man for the job.

pink spider your tektek

For quite a while the Steel Industry has been making hoohaa with the govt... thanks to China.

So the raids this round was probably due to suspicion by Customs on the importation irregularities for steel versus their declarations and financial records. The raids conducted was a "surprise" industry-wide audit and investigation. No official reason given.

Some of the main comps that kena raided: Hiap Tek, Ann Joo, Southern Steel, Wah Seong, AISB.

The raids were conducted by the Customs together with other government departments such as the Royal Malaysia Police, the MoF and the Attorney-General’s Chambers of Malaysia.

Shipping and accounting records relating to the importation of hot-rolled coils (HRC) have been taken into custody and some bank accounts temporarily frozen.

It's a good sign if Custom's have released those frozen bank accounts and have returned documents taken without any issue.

Yeah... he debated a lot at RMC and is a lawyer by training.
I'm sure his gift for the gab and other talents did him well in his other prestigious positions in various past comps.

Hmmmm SKPetro's results is out.

A lot of comps seem to be taking the opportunity to do as much impairment as possible.
Example: SKPet, Maybulk, Annjoo, UMWOG

Two comps with record 1 bill impairment: SKPet and Maybulk. Not surprising and should be expected.

Question is... should we expect more impairments and write-offs to take place on fixed assets and receivables or the major clean-up is done and share price now shud have been factored already?

Good thing about SKPet is they are still fighting hard to replenish their orderbook. UMWOG no news at all on orderbook. Their non utilisation of 4 rigs out of 7 = very very bad news for them. So far, I've not heard of any lay-offs for that comp too. Both UMGOG and SKPet's borrowings are getting fatter with each qtr >_<. If not careful, their finance cost is gonna whack them real hard and makan their profits kao kao like 1MDB.

Hiap Tek's results is out.

The Joint Venture's results is pulling their performance down @_@. I really wonder how mgmt is gonna handle this situation.
The JV is getting whacked by unrealized foreign exchange loss arising from USD denominated shareholders’ loan and on the higher cost associated with
the trial production, which have now been suspended since Oct'15.

With each day ticking since they stopped trial production... fixed cost, finance cost and forex differences is piling up....
How long can the Comp afford for the JV to continue to bleed them dry from all the advances and investments being pumped in?

On the Comp's operations side, mgmt seems gungho on the prospect of strong pipeline of construction jobs till 2020 driven by public transport, oil & gas downstream infrastructure and water-related projects.

haha
Actually all this news is irrelevant to you if you're doing short term trading. Since you're already in at the low and already making 15 to 20%, good enuf d.
See if the market is nice enuf to let u get your 33% or more.

Wah what advisory work or IPO u're working on?
Dun tell me, the OT incurred was for your ikan!

I thought he doesn't play bagger coz he was happy with the returns from Padini.
Multi bagger is by legendary 10 bagger sifu, gark and others.
Me trying too~! But, really tough leh.
Always having a dilemma of buying and selling. Susah betul.

But your bonus payout shud be good ma right. Min also 6 months. Good times 11 to 24 months.
Unless I heard wrongly haha
If the above is true... then... the fish sacrifice was not in vain haha
Plz work more. kasih 20 hours achievement unlocked and a few 48 hours work non-stop.

Not necessarily le. tehoice shud be a CF consultant/advisor or investment banker coz he does those IPO, M&A stuff.
Investment bankers and some other departments from the bank can get 6 to 24 months depending on their role, rank and contributions. Usually only a small pool out of the horde can get this.
Other comps from other industries... depends lo, usually lesser.

Apa kuci miao. U and Jordy gonna dominate Boleh Land and then the World ... soon~!

Boss.. bersyukur sikit coz u still have a good job and bonus...
Some people getting VSS with no certainty of getting another decent job later and some no increment & bonus....
Some new joiners... belum confirmation already asked to leave or refuse to do confirmation so remain probation for quite a while.
Some become contract staff so not entitled to a lot of things.

Anyway... people with your skills and talent have a strong demand everywhere worldwide. So.... u're still fine la.

Cari makan memang susah.
But I think there are some good old staff that don't mind being based anywhere... as long as they have a decent job.
Who knows... they become the boss or papasan there haha

Try working in SG or HK for a change
Alternatively, aim for Khazanah, Ekuinas, PNB, Templeton Fund, Black Rock or Temasek.

Commercial CF also can try especially those gila M&A and IPO wan.
Bonus amount varies again...

Doesn't matter how much u earn. Most important is that u know how to make your investments work hard for u.

Can try looking at UOAD ,ECS and Taliwrks for good div yields n decent capital appreciation.

Price to enter is subjective - enter at a good discount for higher yields or enter now at already good yields.

Most of the ratios n fundamentals look pretty good to me. Prospects for the long term are still there unless some black swan happens. Mgmt for all 3 are good.

Disclaimer: trade or invest at your own risk.

Interesting sharing.

After taking a quick look this what I think:

1. 2015 calendar results look good thanks to USD (97% of sales from export) and cost savings since most of their are in MYR.
2. Can they continue to sustain their performance in 2016 given USD fluctuating? Not too sure on their billings and volume - contract for short/mid/long terms with customers or once-off billings with retailers or a mixture of both.
3. I'm surprised to see revenue decreasing from China operations and still incurring net operating losses versus MY.
4. Too lazy to think on the further impact of JPY and Oil Price to their costing.
5. Cashflow seems ok. Red flag is on the inventories - too much balance as at FYE. Possibility of higher impairment or W/Os later.
6. Noticed no impairment or w/o for PPE. Potential for some to be incurred in next FY?

P/E, PB, NP and GP looks ok. Seems okay to punt/trade for ST. But for LT investing... subjective. Need to do more homework.

U can literally make it "Jadi".

This post has been edited by TC-Titan: Mar 30 2016, 02:07 PM