portfolio -2% ouch, that's painful, wiping out some gains but added 2 counters.

how do u guys fare %daily change on the whole portfolio wise?

But if you sell at abnormal spike that could drop back low, you will be earning more than a total of RM13 /share

I'm sitting on -5%.
So, let's chat on solid fundamentals for a change of pace from gloves. What companies are you banking on long term?

Doesn't matter if trader or investor. Big money is always in the sitting.

Difficulty is choosing the right stock to sit.

can i ask you, how do you compare the followings:

MAGNI	Personal Goods	PRG
PBBANK	Banking	HLFG

I run more of a concentration strategy, usually taking larger positions.

1) Magni
2) MyEG

Tracking MASTER and CCK now for entry.
I had a look at QL, and had the exact same concerns you had on PE and growth rate. Had passed on it.

MyEG is the oddball here in terms of fundamentals but I think there is growth potential in the near term.

QL's growth is truly wonderful but one must not forget that it's growth is engineered thru purchases of other business. This is their way.

errr..... what????

why so deep la.....

I really liked what I saw with the Family Mart setup and it's traction it is getting in terms of foot traffic.
But that PE really bugs me. Maybe I'm missing a big piece of the puzzle if their main strategy is through acquisitions. Thanks for the info, I'll put in a little more time for analysis on QL.
Oh, one big disclaimer after I saw MedElite's post.
Did you mean PRG or PRL? In your post it was PRG but comparitively Magni is more comparible to PRL.

My analysis was done on PRG so if it is a typo and you meant PRL, please disregard the info!

maybe. If they willing to pay the 16.5cent amounting to RM11.55 mil for 70mil units of TG 

btw, it's confirmed that EPF has lend their TG share for big sharks to SS. 

Ah yes, an opportunity to trade views on PE!

Before I jump into PE and need to detract, would like to say your profit margins of the poultry sector thinning is consistent in my views. In fact, I would say 7% is generous, as I would peg it more on 5%.
That is not to say it is all bad, just a characteristic of the sector. I still have high hopes on some poultry companies, namely CCK.

Onwards to company valuation. I feel it is more of an art, which tries to lend itself some credence by applying some science. If it were a straightforward science, the AI and computer driven analytics would have surpassed human investors a long time ago. But it hasn't happened, and the human hand is still acknowledged to be a critical factor in the selection process. The fancy technicals can come in handy when trying to explain the decision, which is more post than pre. The art is also apparent when 2 people look at the same data set, but can come up with completely different pictures. And this brings us to information analysis.

You brought up a good point referencing Benjamin Graham's principles and the fact that nowadays information is readily available on the internet. That is not to say information assymmetry between people doesn't happen, but it is considerably less than before. It is also a sign of the times, 50 years ago the challenge was information acquisition whereas now it is more information filtering. Us, and the younger generation, needs to come up with better tools to filter the gamut of information we are faced with daily. And probably this applies to how we view PE.

I use PE as an indicator, and anyone using it as a filtering criteria may lose out on the huge growth companies. Yes, there are companies like Apple and Amazon that justify their high PE. And for every Apple, there are a thousand oranges and bananas that do not make the grade. Companies that do live up to a high PE, have to consistently knock it out of the park. They have to dominate their respective spaces and have huge moats. To do this on an annual basis, is exceptional. And these companies are exceptional, and an exception to the norm. Me, wearing an average investor hat instead of a venture capitalist hat, do not think statistically it will happen often. Especially in the small pool that is the KLSE. Hence I prefer to find good local companies with a sustainable business and hopefully some sort of moat, then back them at the right price. Magni, for example as we have just discussed it, is one such. They may not be the exceptional company like Apple, but they are just what I am looking for. One strength I have is time, and not being judged on a quarterly basis like a fund manager so I can wait for time to straighten out the bumps in the road for a company. I'm pretty happy with my 10-15% annual return, which alleviates the pressure of finding a unicorn. A high PE company can still grow and make bigger profits, and there are people hunting for these. This may be one of the cases where we look at the same data set and have different approaches.

I should probably end it here to try to prevent an unreadable wall of text. Hope this makes sense.

The effect of ESOS depends on the context which it is implemented. On one hand, you have the dilution which is a negative on the existing shareholder end. On the other, it can also be argued that the dilution is slight and it can be a performance enhancing renumeration tool. It all needs to be looked at in the context of company performance.

Drawing personal examples, I think PBB gave out consistent ESOS up until 2007 if memory serves me right. Yes this has never been a sticking point in any of the AGMs. Why? PBB was performing and shareholders were more than happy to give it the thumbs up.

Now, if a company is losing money hand over fist and still hands out consistent ESOS, shareholders have a right to question their implementation of ESOS. Perhaps it should be put off until the company actually makes some profit. Losing money, then rewarding yourself with more shares will look....awfully mercenary.

You appear to be trolling my favourite stock, Top Glove. .. why la ... why?   

From  https://www.bursamalaysia.com/market_inform...?ann_id=3094955
one can see two set of exercise prices. Some are at 1.54 while some had 3.30 pricing.

And then this Mr. Lim Cheng Guan, who is an executive director, who still has 160,200 ESOS shares after his disposal of 200,000 shares of TG at a price of 8.79 and another 30,000 shares at 8.98. And because he has ESOS shares, was he basically exercising at cheap prices and then selling at high prices?

For me, the problem is, these exercise of ESOS shares were happening during the same period when Top Glove went on a crazy buyback binge, averaging close to 100 million of buybacks per day.

So because of the timing of the buyback and the exercise of ESOS and a company director disposing shares, this doesn't bode well for some shareholders la. The company should have known better. If the company was going to engage on a large scale buyback, the boss better lay down the directive that no one, absolutely no one should be doing any esos or selling of shares during this period. If not, accusations will fly that the buyback is done in order its employees or directors could profit by exercising when the share price is high or the absolute worst case is the case of Mr. Lim. People could easily accuse that the share buybacks are conducted so that Mr. Lim could benefit by disposing his shares at a much higher price.

And this is what I have been saying so long. Buybacks is technically good. Who doesn't know? All the info are there in the internet on why buyback is good. But buyback is nothing but buying of shares. Which means if the buyback is badly executed or abused, the minority shareholders are screwed!!

@Medelite23...You must be very busy cause didn't see you popping here. Pls take good care of yourself. Heard situations not good.....

“examination gloves are needed to inject vaccines.”

well if the vaccine really works to prevent transmission, why do you still need glove?

and if it doesn't prevent transmission, why do you even need vaccine?

good buy. Upcoming news might make it surge.  :thumbsup: