KL Market

In early July, this company came into my sight when I was browsing through the postings in Investalks Forum.
Once I saw it, my eyes just can’t move away from its unbelievable low price — a PE as low as 2!
After several days of study and collecting information, I found that its financial situation and growth potential is great. Then, I decided to buy it at 36.5sen. Here’s some attractive numbers ……
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(I bought 3000 units of TSH at RM1.80, in early July.)
There are three business segment in TSH — palm oil, cocoa, and wood products. While the palm-oil segment are growing exponentially, the other two segments were facing difficulties in recent years.
In 2009, palm-oil business had contributed about 80% of TSH’s revenue, and 100% of its profit. Hence, we can say that the future of TSH is relying ……
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This is a company that I had been observing since 2007, when it’s still listed on MASDAQ. I bought 2000 units of it last month, at RM2.97, just before it plunge to the current level.Main reason of buying is the high growing potential, supported by its great financial performance.
A review of historical data: (RM million)
balance sheet ratios and cashflow:

In short summary:Good profit margin (mai……
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Last month, soon after selling MAS-PA and Titan, I added RM6000 of new capital into my portfolio. Then bought in 3 companies that I believe to have great potential to growth in the next 5 years:
Notion, bought 2000 unit at RM2.97.
XDL, bought 15000 unit at RM0.365.
TSH, bought 3000 unit at RM1.80.
I’ll write down the reasons of buying them in the coming posts. .
here, just to record an interesting……
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I had been holding quite a number of shares.
Some of them are traded based on a well-defined strategy, i.e. my “value stocks portfolio” was built according to Graham’s “net-working-capital” approach (with a little modification).
Others are selected based on different style and prospect. AirAsia and Hartalega were bought due to their long-term growth potential. When I bought Titan in 2007, I was ex……
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This is the new company being bought into my value-stock portfolio today.I bought it at 50sen, which is a discount of more than 40% from its net-working-capital per share (based on its Dec-2009 report).Other good criteria of this company:
Plenty of cash (about 35 sen per share).
zero borrowings. The stock is currently trading near its historical low price. The PE ratio is around 10, based on its ……
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This is the new company being bought into my value-stock portfolio today.I bought it at 50sen, which is a discount of more than 40% from its net-working-capital per share (based on its Dec-2009 report).Other good criteria of this company:
Plenty of cash (about 35 sen per share).
zero borrowings. The stock is currently trading near its historical low price. The PE ratio is around 10, based on its ……
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One of the greatest successor of Graham’s value-investment philosophy.
It’s because of him, that I had decided to start an experimental portfolio applying Graham’s net-working-capital strategy. During his investment lifetime of nearly 50 years, Walter had achieved an incredible return rate of about 20% p.a..
Yet, a lots of people never heard about him.So, this is a short introduction about Walt……
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[阅读中文版本]
I started this experimental portfolio since 2008 (see here). After two years of practicing, I had done some review and had decided to make some modification on the strategy framework.
.
Entry strategy：buy at price lower than 70% of net-working-capital.
a single criterion for stock selection.
This is to make my strategy as simple as possible. In the past two years, I found th……
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[阅读中文版本]
The new member of my value-stocks-portfolio.
I bought it at 65 sen per share, a 47% discount from its net-working-capital (according to its Sep-2009 report).
However, judging from any other view, Rex doesn’t sound like a good investment choice:
its PE ratio is high.
bad dividend record （didn’t pay dividend from year 2002 ~ 2006). DY of 2007 and 08 is quite low too.
its pro……
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