何为股票长期投资？此句子看来很普通。但是却让大部分人带来不一样的意思。
笔者曾经说过，如果以基本面长期投资在股市里，都是包赚的。世上真的有包赚的东西吗？笔者的答案还是“有”，如果你懂得如何操作。
给予笔者，长期投资的意思是一直把自己投入在股市里。买股票来收或卖出股票收现金，都是属于一种投资状态。我们不一定要一直买入或持有才算是一种投资。在适当的时候，暂时把资金抽出也是一种所谓的投资。
状况1：买入或持有
在股市情绪大好时期，如果手中的股票增值，投资就算赚了。相反，如果当时手持大量现金，就会导致少赚的情况。间接中就是亏掉了大好时机。时机也就是时间，亏了时间就代表亏了钱。（什么歪理？)
状况2：把资金抽出
在股市情绪大坏时期，如果当时手持大量股票，资金面临亏损的情况就难以想象了。可以讲是亏了本钱又亏了时间（要浪费时间赚回来）。相反，当时手中持有的现金，就成功避免不必要的亏损和可以以更便宜的价钱买入，也就是间接中所谓的赚到了。（又来个歪理？)
不管什么投资，风险是避免不了的。但是，所谓的风险都是可以减低。在股票投资里，懂得做公司的基本面资料，就是一环把风险降低的学问。通过基本面的了解，我们可以避免高风险或者没把握的投资，只选择风险低和有把握得到高回酬的投资。
没把握的投资，跟赌博没两样。长期下去，要包赚真的是必须是个非常幸运的人。
有把握的投资，成功的机率就来得比错误机率高。以适当的操作长期投资下去，是不是觉得真的包赚那样？
所谓有把握的投资，都是有付才有得。要在股市里不靠他人而长期生存（稳赚），就必须懂得基本面的知识。一间预测能长期成长的公司，代表其价值会长期增值。一间会长期增值的公司，不管外围的影响有多大，把时间拉长，其价值自然会恢复到应有水平。所以，时间也是价值的最好衡量工具。
以上有谈到两种的投资方式：内在价值观（长期不理会外围的因素）和预测市场方向（状况1&2）。两者都能赚钱，只是以不一样的操作手法。但是，基本面预测和市场方向预测都是会有错误的机率出现。只要懂得做纠正，少赚或少亏都是一种控制风险的方式。价值观投资都是属于比较长期，而预测市场都是比较属于短中期。
如果事情的发生跟预测中开始出现矛盾，就必须回顾基本面来做出改变。所谓的基本面长期投资，就是要以基本面来看特你长期投资的个案。而不是所谓的长期持有和完全不卖的投资。
基本面就是一把尺，让你懂得去衡量一个东西的好坏。
所以，只要把基本面的知识打稳，错误出现的机率自然就会变低。投资10个股，只要有7个赚到不错的回酬，就可以算很不错了。只有这样，你才能达到稳赚不赔的长期投资。
股票市场都是一种钱财游戏。如果你是一位不能肯定长期投资能够包赚钱的投资者，笔者不觉得你适合留在股市里一直打转。毕竟单以运气来玩这种游戏，灾难的降临是迟早会发生的事情。
What is long term investment? The term look simple but a lot of people may think it differently.
In a previous post, I have mentioned that it is a surely profitable investment if you take it with fundamental in long run. Is that truth? I will still said "yes" if you know how to work on it.
What is the meaning of long term investment? For me, it is just as simple as you continue stay in the stock market. Cash in or cash out from stock, both are one of the investment acts. Investment doesn't mean you must always stay in the market with stock on hand. At time, keep cash is also one of the investment strategy.
Scenario 1: Buy in or holding stock
When market sentimental is good, any buy or stock on hand is a good decision to make good profit. On the other hand, you will not gain any if you holding pile of cash. In this case, you have missed the good time to invest. Time is money, it mean you are making loss indirectly. Right?
Scenario 2: Cash out and stay away
When market sentimental is bad, you will unable to imagine the loss if you holding a lot of stock. In this case, your investment capital is eroded and you need spend more time to get it back. Whereby, if you are in cash rich position, you are not only avoided the loss but gain a good timing to buy lower. Agree?
We are unable to run away from risk for any kind of investment. But, the investment risk can be minimize. In stock market, fundamental analysis is a kind of knowledge that allow you to minimize the risk. Through FA, we will able to understand and avoid the investment which is high risk and less confident. FA will direct you to the investment that you are confident and foresee a good investment return in future.
If you make an investment that you are not confident at all, you are no different from gambling. You will never able to make a surely profitable investment in long run unless you are a super lucky person. If you have a solid confident in your investment, the chances to be succeed will definitely in better position. By doing this in long run, do you think it will be a surely profitable investment?
Confident is build up by effort. If you would like to make profitable investment by yourself in long term, you should have proper FA knowledge. If you foresee a company will continue grow, it mean its intrinsic value will grow in time. Regardless how bad is the external factor, it will goes back to its reasonable value in longer term. Time is the best tool to judge the value of a company.
Both intrinsic value investment (ignore external factor in long run) and time the market (scenario 1 & 2) will also make money but in different methods. Our prediction through fundamental analysis or time the market will some time goes wrong. As long as we rectify it, lesser profit or lower loss are good to take as part of the consequence from risk management. Intrinsic value investment is more to long term whereby time the market is more to short to mid term.
If something happen against your prediction, a fundamental revisit is a must. The meaning of FA for a long term investment is to assist you to measure its fundamental from time to time. Long term investment does not ask you keep it forever by ignore things which are getting worse.
Fundamental analysis is a measurement tool for you to judge the investment whether still in good position.
Thus, if you able to build up your FA skill well, it will definitely help you to reduce mistake and investment risk. At least 7 out of 10 stocks you buy are making good profit, it will be good enough. If you able to do in proper manner, I don't see any reason it can't be a surely profitable investment in long run.
Stock market is a money game. As an investor, if you think you can't make a surely profitable investment in long run, I don't see any reason why you should still stay in stock market. It will be a disaster for an investor who is playing a game just purely depend on the luck.
Monday, 1 June 2015
Sunday, 24 May 2015
【版权】| Copyright
昨晚在某些投资网站溜溜，既然看到笔者的几个作品被仿制又没交代来源。其中一个贴已在此部落格分享，其他都是只在一个论坛活动的聚会而分享。版权，必须被尊重，尤其是已经被作者写出来，而不是单凭口讲的。作品已经公布在作者的部落格，如果被仿制来转分享，必须放入原作人的名。给予那些连笔者都没公开的作品也拿来仿制，简直是太过分！笔者将不在此指名道姓，但希望此人看到此贴后会反省。
无意中也看到某些投资者对基本面+长期投资+包赚的不认同看法。其实，所谓的长期投资很多都被人误解。给予一位有经验和基本分析能力的人，也许他们会有跟我有同样的思维。关于此话题，笔者过后再跟大家谈谈。
I have visited some investment related websites on yesterday night. Surprisingly, I found some of my articles have been copied yet do not review the source of writer name. One of the article has been posted in this blog and others were shared in a talk organized by a investment forum. Copyright must be respected especially in written form (compared to verbal talk). For the article already posted in blog is well come to share again but it need to mention the source of writer name or link. For those articles which never post by writer but posted by 3rd party, I shall say he/she is having a very bad manner in sharing. I will not mention the name but hope this person will realize what need to do after read this post.
At the same time, I found some investors are still unsure the meaning of (fundamental analysis + long term investment + surely profit). The term and meaning of long term investment is mostly been twisted by public. For an investor which are experienced and coupled with FA skill, he/she should has the same thinking alike me. I will discuss more on this topic in next post.
无意中也看到某些投资者对基本面+长期投资+包赚的不认同看法。其实，所谓的长期投资很多都被人误解。给予一位有经验和基本分析能力的人，也许他们会有跟我有同样的思维。关于此话题，笔者过后再跟大家谈谈。
I have visited some investment related websites on yesterday night. Surprisingly, I found some of my articles have been copied yet do not review the source of writer name. One of the article has been posted in this blog and others were shared in a talk organized by a investment forum. Copyright must be respected especially in written form (compared to verbal talk). For the article already posted in blog is well come to share again but it need to mention the source of writer name or link. For those articles which never post by writer but posted by 3rd party, I shall say he/she is having a very bad manner in sharing. I will not mention the name but hope this person will realize what need to do after read this post.
At the same time, I found some investors are still unsure the meaning of (fundamental analysis + long term investment + surely profit). The term and meaning of long term investment is mostly been twisted by public. For an investor which are experienced and coupled with FA skill, he/she should has the same thinking alike me. I will discuss more on this topic in next post.
Friday, 1 May 2015
【公告】| Announcement
由于FB户口出现状况，笔者不能进入FB的户口。所以将会弃用之前的FB Group。
[ https://www.facebook.com/groups/472465709560846/ ]（弃用）
过后将会以FB Page来取代。此FB Page的好处是不必通过要求加入就能看到笔者的分析和分享。比较复杂性或需要多文字的回答，可以通过此FB Page解答。
[ https://www.facebook.com/y2kinvestmentblog ]（取代旧的FB Group）
笔者发现，后期分享的股，多数都会出现大波动。所以，今年已经悄悄改变一些分享的方式。以后的分享，选择的股题必须达到以下的条件才会公布。
1）适合中长期投资。短期内（一年），如有突发事件发生（基本面而不是股价面），会尽量给大家解答。突发事件后，再重新考虑是不是还适合继续做中长期。
2）主要以基本面分析为出发点。所以，将会避免投机和内幕消息类似的股。
3）所公布的股，股价稍微会比笔者的平均买入价高。分享出炉在此部落格后，如果看到市场很不对劲，笔者也不排除会随时减持或套利。ELSOFT是一次很好的教训，因为笔者为了刚出炉的分享而觉得有责任性的不套利，而导致去年的部分回酬被蛀掉。
4）所选择的股，笔者预测在中长期里最少能带来50%的盈利。但不排除会发生于想不到的事情发生而导致亏损，比如错误的分析，公司突然发生状况，或大市崩盘。
5）建筑和产业股不会在分享里的考虑范围。不代表笔者不看好或完全不投资，而是这类股是非常难预测（预测的东西容易出现变化），所以才排除在分享的名单里。
所以，笔者的分享将会比以前少。加上现在不稳定性的大市，笔者必须做出更谨慎式的分享。
最后，笔者近期已经开始慢慢减持部分持有的股来提高现金水平。手中持有的股主要是龙马和非常少量的ELSOFT。也少量持有一只迟点才为大家分析的股。祝大家好运！
My existing FB account is facing some login issue. Thus, I will not use the FB Group anymore.
[ https://www.facebook.com/groups/472465709560846/ ] (Abandoned)
I have created a FB Page to replacement the existing one. The advantage of this FB Page is not require to approve to join the group yet everyone can see my posting instantly. For complicated and long explanation needed questions, FB Page is a good channel to solve it.
[ https://www.facebook.com/y2kinvestmentblog ] (The replacement)
I found that the later sharing stocks are having significant fluctuation in share price. Thus, the sharing method has been changed in this year. The coming stock sharing must come with below criteria:
1) Suitable for mid to long term investment. If there is any unexpected events (on fundamental, not share price) happen in short term (within 1 year), I will try to provide some analysis to decide whether it still suitable for mid to long term investment.
2) Selection is mainly based on fundamental. Thus, speculation in trading and insider news will be out of scope.
3) The share price during sharing posted will be higher than my average buying price. If foresee market sudden turns bad, I'm opted to make immediate selling (partially or full) even the sharing post is just shared. Elsoft is a good experience which I decided not to sell even I felt the market is not going well because I think I should responsible for my fresh posting. Due to this, it eroded part of my last year's profit.
4) For the stock sharing, I expect to have a minimum 50% return in profit unless something unexpected is happen and cause loss. E.g. mistake in analysis, unexpected thing happen to the company or market collapsed.
5) Construction and Properties related stocks are out of scope. It does not mean it is not good for investment, but just I feel it is not easy to predict (estimation may change easily).
Due to this, my sharing will be lesser compared to previously. Coupled with current uncertainty on the market, I will even put extra precaution on my sharing.
At last, I have reduced some of my share holding recently in order to increase my cash position. My current portfolio is mainly holding LANDMRK and very less ELSOFT. Also holding some quantity for a stock which I'm going to do sharing later. Good luck to all of you!
[ https://www.facebook.com/groups/472465709560846/ ]（弃用）
过后将会以FB Page来取代。此FB Page的好处是不必通过要求加入就能看到笔者的分析和分享。比较复杂性或需要多文字的回答，可以通过此FB Page解答。
[ https://www.facebook.com/y2kinvestmentblog ]（取代旧的FB Group）
笔者发现，后期分享的股，多数都会出现大波动。所以，今年已经悄悄改变一些分享的方式。以后的分享，选择的股题必须达到以下的条件才会公布。
1）适合中长期投资。短期内（一年），如有突发事件发生（基本面而不是股价面），会尽量给大家解答。突发事件后，再重新考虑是不是还适合继续做中长期。
2）主要以基本面分析为出发点。所以，将会避免投机和内幕消息类似的股。
3）所公布的股，股价稍微会比笔者的平均买入价高。分享出炉在此部落格后，如果看到市场很不对劲，笔者也不排除会随时减持或套利。ELSOFT是一次很好的教训，因为笔者为了刚出炉的分享而觉得有责任性的不套利，而导致去年的部分回酬被蛀掉。
4）所选择的股，笔者预测在中长期里最少能带来50%的盈利。但不排除会发生于想不到的事情发生而导致亏损，比如错误的分析，公司突然发生状况，或大市崩盘。
5）建筑和产业股不会在分享里的考虑范围。不代表笔者不看好或完全不投资，而是这类股是非常难预测（预测的东西容易出现变化），所以才排除在分享的名单里。
所以，笔者的分享将会比以前少。加上现在不稳定性的大市，笔者必须做出更谨慎式的分享。
最后，笔者近期已经开始慢慢减持部分持有的股来提高现金水平。手中持有的股主要是龙马和非常少量的ELSOFT。也少量持有一只迟点才为大家分析的股。祝大家好运！
My existing FB account is facing some login issue. Thus, I will not use the FB Group anymore.
[ https://www.facebook.com/groups/472465709560846/ ] (Abandoned)
I have created a FB Page to replacement the existing one. The advantage of this FB Page is not require to approve to join the group yet everyone can see my posting instantly. For complicated and long explanation needed questions, FB Page is a good channel to solve it.
[ https://www.facebook.com/y2kinvestmentblog ] (The replacement)
I found that the later sharing stocks are having significant fluctuation in share price. Thus, the sharing method has been changed in this year. The coming stock sharing must come with below criteria:
1) Suitable for mid to long term investment. If there is any unexpected events (on fundamental, not share price) happen in short term (within 1 year), I will try to provide some analysis to decide whether it still suitable for mid to long term investment.
2) Selection is mainly based on fundamental. Thus, speculation in trading and insider news will be out of scope.
3) The share price during sharing posted will be higher than my average buying price. If foresee market sudden turns bad, I'm opted to make immediate selling (partially or full) even the sharing post is just shared. Elsoft is a good experience which I decided not to sell even I felt the market is not going well because I think I should responsible for my fresh posting. Due to this, it eroded part of my last year's profit.
4) For the stock sharing, I expect to have a minimum 50% return in profit unless something unexpected is happen and cause loss. E.g. mistake in analysis, unexpected thing happen to the company or market collapsed.
5) Construction and Properties related stocks are out of scope. It does not mean it is not good for investment, but just I feel it is not easy to predict (estimation may change easily).
Due to this, my sharing will be lesser compared to previously. Coupled with current uncertainty on the market, I will even put extra precaution on my sharing.
At last, I have reduced some of my share holding recently in order to increase my cash position. My current portfolio is mainly holding LANDMRK and very less ELSOFT. Also holding some quantity for a stock which I'm going to do sharing later. Good luck to all of you!
Monday, 16 March 2015
[1643] LANDMRK
公司简单介绍 | Briefing on Landmarks
http://www.landmarks.com.my/
1. GENTING通过PHOENIX SPECTRUM在18-Aug-2006收购了80mil的股数（RM2.00）。
2. 业务跟旅游业有关联。主要经营酒店，度假和健康医疗服务。
3. 公司未来主要贡献都是依靠Langkawi的The Andaman酒店业务和印尼的Treasure Bay（在Pesona Lagoi Bintan）。产业子公司，MSL（20%+1 share）也为公司带来一些贡献。
4. 在2006-07年，公司把大部分资产出售。主要是为了发展印尼Bintan岛的旅游业。（843acres，分多期来发展）
5. 第一期预测会在2015Q2完成。主要焦点是水晶湖（Crystal Lagoon），也配合其他景点的参观，零售，食品和饮料店。
6. 公司多年在印尼那边都是亏钱累累，毕竟发展期间必须一直烧钱又没收入。唯一的收入就的靠The Andaman。长期都是付出比收入多，所以还不能达到一个盈利的平衡点。只要印尼的发展开始带来收入，公司前景就变得明朗化了。
7. 2014Q4的NTA为RM3.68。今天的股价（RM1.25）。公司的价值简直是大平卖！
8. 2014Q3的Property Development Costs（发展资产）多达15亿（RM1.5bil），等于NTA RM3.17。在2014Q4，发展资产变为 7.9亿（RM0.79bil），其余的数目已经进入Property, plant and equipment了（长期资产的一部分）。只要完成Bintan岛的发展，这些数字到时就会变成收入的帐目。
9. 公司从收购，计划和发展，已经用了快要10年时间了，也渐渐要达到收割时期。所以，我们已经省了一个10年的等特。个人认为，可以买入股份来跟公司享有接下来几年的成果。接下来所需要等待的时间，应该不会太久。
10. 如果不想买入来等待，可以在看到公司从印尼那边开始有盈利才介入。到时也许需给高点的价钱买入。
1. GENTING reported that 100%-owned PHOENIX SPECTRUM sb had on Aug 18, 2006 acquired 80mil shares (16.65%) in LANDMARKS for RM160m cash or RM2.00 per share.
2. Focus on the lifestyle sector which are related in resorts, hospitality and wellness services.
3. The company is depending on its Langkawi's The Andaman Hotel business and also its development in Treasure Bay development (in Pesona Lagoi Bintan). Its Property business associate, MSL (20% + 1 share) is also contributing part of the earning for the company.
4. In 2006-07, company has disposed most of the assets to make way for its 338 hectare resort development land in Bintan island, Indonesia, known as Treasure Bay, Pesona Lagoi Bintan.
5. Its first phase is opening in Q2 of 2015. Phase one spans across 90 hectares. The main attraction is the 6.3-hectare Crystal Lagoon, South-East Asia’s first and largest recreational sea-water body. Also host integrated wellness and aesthetic facilities, featuring a 21-hectare wellness resort with services in holistic health management and nutrition facilities.
6. The company is making loss year by year as the main income from The Andaman Hotel business is unable to cover its high development cost in Bintan island. Due to this, it is normal to see profit in red. Once Treasure Bay development start to bring in good profit, we will able to see good accounting figure and a better prospect in future.
7. NTA in 2014Q4 is reported as RM3.68. With today's closing share price at RM1.25, it is consider a big discount offer.
8. The Property Development Cost reported in 2014Q3 is about RM1.5bil or equivalent to RM3.17. In 2014Q4, the property development cost has reduced to about RM0.79bil and the remaining has moved to Property, plant and equipment. In the coming future, this figure will slowly become an income for the company.
9. From the acquisition, planning and development, the company has spent about 10 years and finally getting close to the harvest time. As an investor, we have save a 10 years cycle in waiting. I think it is a great timing for us to buy in now and share the fruitful reward which is going to happen in years to come. I guess we will not wait too long to get share the reward.
10. If you reluctant to wait any longer, I guess you can buy in once you able to see obvious profit contribution from Treasure Bay development. But it will mostly need to pay in higher price.
ESOS
之前，公司有公布Right Issue来筹钱发展。但是过后此计划取消了，由ESOS来代替。以下是股东的ESOS的方式。ESOS的价钱是每股定在RM1.44。
Initially, company has proposed to have Right Issue to get new inject capital for future development. Anyhow, it has been cancelled and replaced with ESOS. Below information is the ESOS proposal. ESOS price is fixed at RM1.44 per share.
On 27 August 2014, options were granted to directors and employees of the Group to subscribe for 5,145,000 shares under the Landmarks Employees’ Share Option Scheme. The option gives the older the right to subscribe for ordinary shares of RM1.00 each in the Company for an exercise price of RM1.44 each per share. These options are exercisable until January 2018 and will vest in the following manner.
Period % of Options
Immediately after acceptance of offer 40
2 January 2015 – 1 January 2016 20
2 January 2016 – 1 January 2017 20
2 January 2017 – 1 January 2018 20
关于子公司的一些资料 | Information about Associate Company: MSL Properties S/B (“MSL”)
IJM Land, MSL Properties to build Wangsa Maju condo
By Haziq Hamid of theedgeproperty.com
Friday, 22 June 2012 15:06
KUALA LUMPUR (June 22): IJM Land Bhd and MSL Properties Sdn Bhd have teamed up to develop a condominium project with a gross development value of RM585 million in Wangsa Maju, Kuala Lumpur.
Seri Riana Residences will be on a 8.1-acre (2ha) leasehold site along Jalan Wangsa Delima 7. The first phase will be officially launched on June 30. It will comprise five blocks (two high-rise and three low-rise) housing 396 units. The high-rise blocks are 38-storeys while the low-rise are six to seven storeys.
Units in the first phase have built-ups between 1,382 sq ft and 3,375 sq ft with prices ranging from RM618,000 to RM1.8 million.
Seri Riana Residences is developed by Elegan Pesona Sdn Bhd, a 50:50 joint venture between IJM Land and MSL Properties.This is the second joint venture project by the two developers. The first was Riana Green East, a residential condominium also in Wangsa Maju.
The second phase, to be launched later, will comprise two blocks with 284 condominium units. The development is expected to be completed in 2016.
According to Datuk Soam Heng Choon, CEO and managing director of IJM Land, the first block is almost taken up. "Our first block of 183 units is 90% taken up by our repeat customers. We expect the first block to be fully sold by the time we officially launch the project," he said at a press preview of the project.
The project is targeted at residents of Wangsa Maju and Gombak as well as general Klang Valley residents.
Tan Ching Meng, general manager of MSL Properties, said Wangsa Maju is an ideal place for raising a family.
"We first came into Wangsa Maju to develop affordable housing but the area has since grown. Accessibility, facilities and amenities here have greatly improved. Wangsa Maju is establishing itself as an ideal place to live," he said.
Facilities at Seri Riana Residences include a 2.8-acre themed landscape park, a meditation area and a hammock area. The development also offers a sports centre, children's play zone, infinity pool and more.
Amenities close to Seri Riana Residences include the Fairview International School, Wangsa Walk Mall, Jusco and the Putra LRT line with stations at Setiawangsa, Sri Rampai and Wangsa Maju.
This story appeared in The Edge Financial Daily on June 22, 2012.
风险 | Risk:
1. 大市崩盘。此股每年只给1sen股息。被套了的股息率比定期储款更低。
2. 印尼货币继续贬值。
3. Treasure Bay的发展不如预测好。游客人潮低，运作支出大过收入。
1. Stock market collapse. This stock only give 1sen dividend per year. If investor is being trapped, the dividend yield is less than fix deposit interest.
2. Indonesia Rupiah currency is continue in depreciation mode.
3. The popularity in Trasure Bay is not up to the expectation. Number of tourist is low and the operating expenses are greater than income.
更多的信息 | Extra Information:
》Facebook: https://www.facebook.com/pages/Treasure-Bay-Bintan/250417141813719
》TREASURE BAY BINTAN – A GEM OF POSSIBILITIES
- It tell about the 1st phase in details. Also the major development plan in 2nd and 3rd phase which is expected to be launch in 2017 and 2020 respectively.
Fast Facts and figures about Treasure Bay Bintan
1. 338-hectare total development project
2. 6.3-hectare Crystal Lagoon, South-East Asia’s first and largest recreational sea-water body
3. Multiple award-winning leader in health and fitness destinations – Canyon Ranch will be opening, 1st time in South-East Asia
4. 45 minute ferry ride from Singapore
5. 75 minute car ride from existing Kijang Airport, Bintan, Indonesia
6. 25 minute car ride from new International Airport in Bintan (scheduled to open by end 2016)
7. 1,700 resort room keys in Phase One
Fast Facts and figures about Crystal Lagoon in Treasure Bay Bintan
1. 6.3 hectares, largest lagoon in South-East Asia with 115,060m3 or 115,060,000 liters
2. 1st in South East Asia
3. Patented and available in 160 countries
4. Eco-friendly technology, uses approximately 100 times less chemical products than conventional swimming pools
5. Energy efficient, consumes only 2% of the energy needed by conventional filtration pools
6. Crystal Lagoon’s innovative technology is sustainable and safe for the environment, allowing limited resources such as energy and water to be used efficiently. The lagoon operates in a closed circuit that only needs to compensate for water loss caused by evaporation
》Treasure Bay on the hunt for visitors
Published: 24 September 2012 9:51 AM
The developer, which cites the “Singapore factor” in helping to make Bintan the next big thing in regional tourism, hopes to leverage on the Republic as a private wealth management centre in the region as well as a city of high-net-worth individuals, who may tire of tourism offerings elsewhere in the region.
Last year, 470,470 tourists visited Bintan, an increase from 300,000 in 2010. To meet the expected rise in tourist numbers, construction of the Bintan Resorts International Airport — which will cater to domestic chartered flights, private jets and cargo planes — began in May this year.
- See more at: http://www.themalaysianinsider.com/business/article/treasure-bay-on-the-hunt-for-visitors#sthash.0X2YC54d.kwEgs5Ax.dpuf
》INDONESIA PRESS-Landmarks Berhad plans $3.5 bln project in Bintan -Investor Daily
Wed May 7, 2014 8:55pm EDT
Malaysian property developer Landmarks Berhad plans to spend up to $3.5 billion on its Bintan Treasury Bay project in Indonesia's Kepulauan Islands province over the next 10-12 years, with an initial investment of $650 million, said CEO Paul Leong.
Landmarks will begin development of a resort hotel, amusement park, mangrove eco park and wellness resort on a 90-hectare site in the fourth quarter of this year, and expects to complete the project in 2017. (Investor Daily)
Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Jakarta Newsroom; Editing by Subhranshu Sahu)
Saturday, 28 February 2015
SUCCESS: Q4FY14业绩检讨 (Q4FY14 Result Review)
这次的差劲业绩（EPS 0.18sen）主要原因是SEB，子公司（汽油业）所导致。
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1890165
SUCCESS拥有65%SEB的股份，Q42014的业绩亏损了大概九百万。季报讲解是因为其中一个工程的开销管理做得不好。
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1890157
SEB的营业额占了SUCCESS的三分之一。所以，他对公司所带来的影响是不可忽略的。
在汽油价还没大跌前，汽油业未来的前景其实还不错的。现在连PETRONAS都大事公布会继续减少开支。所以，接下来的前景只可以讲是黑暗模糊。
除此之外，近期也要网友问到我关于SUCCESS的看法。经过我去年重新深入研究公司的帐目，我就以以下的回答讲解公司的问题：
SUCCESS看来其实很不错，但是投资起来也不太放心。
1）收债能力差和顾客的还债期限长。加上常常出现烂债。
- 这些烂债就如盈利的寄生物，往往所赚的都会被蛀掉部分。
2）现金流差，常出现负数。主要原因是长期的CAPEX都很高。
- 就如身体所所制造的血液，不能补回所流失的血。长期维持这样，体质肯定越来越差。如果没有办法改变，也许进ICU的时期，会跟股东们讨血来救命。
SUCCESS便宜也许是以上的原因。
这个问题也许是管理层以太过积极的方式把公司快速扩张而导致帐目达不到一个好的平衡点，也或许是这个行业原本的本质问题。
接下来的时间，如果公司能够把以上的问题解决和交出漂亮的帐目数据，也是就是他的爆发期。要不然，还是跟这位只有外在美的美眉说声道别话吧。外面的世界，美眉多得是，多到搭讪不完。
公司应该很难在1-2年内把帐目做好（如果真的能做得到）。加上汽油业的前景不明朗，个人认为，要以严格的价值投资法去投资，SUCCESS的股价要振作起来真的难如登天！
SUCCESS reported a bad quarter result with eps 0.18sen. This is due to its O&G subsidiary reported a huge loss.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1890165
SEB is a 65% owned subsidiary for SUCCESS and its Q42014 has reported about RM9mil loss. From the performance review, it mentioned due to cost over-run on a particular project.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1890157
SEB's revenue is 1/3 of total revenue of SUCCESS. Thus, its effect must not be ignored. O&G business still doing fine before a quick and big fall in crude oil price. Furthermore, PETRONAS has announced to cut its CAPEX and this will definitely bring bad influence to O&G business very soon.
Recently, there is question arise and seek my advice on SUCCESS. Below is my feedback which to include my view after I have done another round of further research on the company's accounting figures.
SUCCESS seems cheap and attractive, but it come with some cautions as well.
1) Receivable is increasing and the customer payment credit term is too long. Impairment on receivable is happened year by year.
- This will act like a parasite to the company and erode its profit every year.
2) Free Cash Flow is negative for almost every year. The main reason is due to high CAPEX.
- It seem like the blood generation in the body is unable to recover its bleeding. In long run, the body will getting weak. If the condition unable to recover in proper manner, there is a chance for entering in to ICU condition and it will ask blood donation from you (shareholder).
With above reasons, maybe it is why SUCCESS is offering in cheap PE valuation.
The problem may cause by the company expansion is too aggressive and cause it unable to stabilize its balance sheet yet or its is a natural of the company business.
I think big funds will only appreciate the share price if management able to rectify the problems, Else, it will only look nice in the outlook, but not inner side.
It is a challenge for company to rectify the accounting worries as mentioned above (if it really can happen). Couple with bad prospect in O&G field, and with strict fundamental selection criteria to invest, I guess it will be very difficult for the company share price to fly.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1890165
SUCCESS拥有65%SEB的股份，Q42014的业绩亏损了大概九百万。季报讲解是因为其中一个工程的开销管理做得不好。
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1890157
SEB的营业额占了SUCCESS的三分之一。所以，他对公司所带来的影响是不可忽略的。
在汽油价还没大跌前，汽油业未来的前景其实还不错的。现在连PETRONAS都大事公布会继续减少开支。所以，接下来的前景只可以讲是黑暗模糊。
除此之外，近期也要网友问到我关于SUCCESS的看法。经过我去年重新深入研究公司的帐目，我就以以下的回答讲解公司的问题：
SUCCESS看来其实很不错，但是投资起来也不太放心。
1）收债能力差和顾客的还债期限长。加上常常出现烂债。
- 这些烂债就如盈利的寄生物，往往所赚的都会被蛀掉部分。
2）现金流差，常出现负数。主要原因是长期的CAPEX都很高。
- 就如身体所所制造的血液，不能补回所流失的血。长期维持这样，体质肯定越来越差。如果没有办法改变，也许进ICU的时期，会跟股东们讨血来救命。
SUCCESS便宜也许是以上的原因。
这个问题也许是管理层以太过积极的方式把公司快速扩张而导致帐目达不到一个好的平衡点，也或许是这个行业原本的本质问题。
接下来的时间，如果公司能够把以上的问题解决和交出漂亮的帐目数据，也是就是他的爆发期。要不然，还是跟这位只有外在美的美眉说声道别话吧。外面的世界，美眉多得是，多到搭讪不完。
公司应该很难在1-2年内把帐目做好（如果真的能做得到）。加上汽油业的前景不明朗，个人认为，要以严格的价值投资法去投资，SUCCESS的股价要振作起来真的难如登天！
SUCCESS reported a bad quarter result with eps 0.18sen. This is due to its O&G subsidiary reported a huge loss.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1890165
SEB is a 65% owned subsidiary for SUCCESS and its Q42014 has reported about RM9mil loss. From the performance review, it mentioned due to cost over-run on a particular project.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1890157
SEB's revenue is 1/3 of total revenue of SUCCESS. Thus, its effect must not be ignored. O&G business still doing fine before a quick and big fall in crude oil price. Furthermore, PETRONAS has announced to cut its CAPEX and this will definitely bring bad influence to O&G business very soon.
Recently, there is question arise and seek my advice on SUCCESS. Below is my feedback which to include my view after I have done another round of further research on the company's accounting figures.
SUCCESS seems cheap and attractive, but it come with some cautions as well.
1) Receivable is increasing and the customer payment credit term is too long. Impairment on receivable is happened year by year.
- This will act like a parasite to the company and erode its profit every year.
2) Free Cash Flow is negative for almost every year. The main reason is due to high CAPEX.
- It seem like the blood generation in the body is unable to recover its bleeding. In long run, the body will getting weak. If the condition unable to recover in proper manner, there is a chance for entering in to ICU condition and it will ask blood donation from you (shareholder).
With above reasons, maybe it is why SUCCESS is offering in cheap PE valuation.
The problem may cause by the company expansion is too aggressive and cause it unable to stabilize its balance sheet yet or its is a natural of the company business.
I think big funds will only appreciate the share price if management able to rectify the problems, Else, it will only look nice in the outlook, but not inner side.
It is a challenge for company to rectify the accounting worries as mentioned above (if it really can happen). Couple with bad prospect in O&G field, and with strict fundamental selection criteria to invest, I guess it will be very difficult for the company share price to fly.
Monday, 26 January 2015
【新闻|News】7207 SUCCESS 前風變壓器
纯属跟踪公司的消息。
News tracking for the company only.
Success still promising better days ahead
2014-10-19 10:57
受到LED领域前景一片光明带动，加上交出更好的业绩表现，其股价上个月开始走高。
KUALA LUMPUR: Success Transformer Corp Bhd (STC) ( Financial Dashboard), a manufacturer of transformers and industrial lighting products, expects net profit and revenue to improve in financial year ending Dec 31, 2014 (FY14) and FY15, driven by its light emitting diode (LED) lighting segment.
For the first six months ended June 30, 2014, STC’s net profit rose 22.7% to RM16.7 million from RM13.61 million, while revenue grew 27.8% to RM189.64 million from RM148.46 million a year ago.
The transformer and industrial lighting segment contributed RM126.12 million or 66.5% to the group’s revenue, while the process equipment segment accounted for the remaining 33.5%.
Its managing director (MD) Tan Ah Ping expects similar contribution from both segments moving forward.
“We have our own research and development team and facilities in [LED] lighting since 2009, and since then our focus is on LED lighting products to cater to the commercial and industrial lighting markets’ needs,” he told The Edge Financial Daily in an email interview.
STC operates a production plant in Sungai Buloh, Selangor, which is running at 60% full capacity.
Tan said the LED lighting market has huge growth potential as more companies move to energy-efficient and eco-friendly sources of lighting.
The group expects contribution from LED lighting to total lighting sales to pick up from 30% currently, possibly overtaking that of its conventional lighting products.
Tan said STC’s one-stop lighting solution to customers — from the design stage to manufacturing and after-sales service — enables it to meet the expected stiff competition from local and foreign players.
“As for the transformer segment, we are expanding to more niche markets such as the information technology-related segment, marine segment and other industries that require our specialties in design consultancy,” he said.
Tan noted that transformers offer higher margins than lighting products as the former is custom-made while the latter is usually produced for the masses.
On July 9, STC’s 60%-owned subsidiary Ningbo Success Zhenye Luminaire LLC (NSZ) incorporated Shenyang Success Zhenye Luminaire LLC, subscribing two 60% in the latter for 300,000 yuan (RM156,000). This will provide NSZ with an opportunity to expand its business in the local market.
Tan deemed the contribution from China to be “significant” within these three years, but declined to give a number.
Thus far, STC has yet to penetrate the China consumer market although eight is the group’s major supplier in components. Nonetheless, it hopes to start selling some of its lighting products to China through NSZ.
For its first half of FY14, the local market contributed 79% to the group’s revenue, while the remaining 21% was derived from overseas sales to Singapore, other parts of Southeast Asia, and the Middle East.
On its process equipment segment, which is represented via its 65.26%-owned subsidiary Seremban Engineering Bhd (SEB) ( Financial Dashboard), Tan said SEB’s order book currently stands at RM90 million, which will keep the company busy for the next 12 months.
In terms of allocation of clientele, the oil and gas portion increased from just 10% last year to 60% this year, with the palm oil industry accounting for 25%.
Tan said the client contribution to SEB revenue varies, depending on the projects taken by the company. “We are [also] working towards tendering for the refinery and petrochemical integrated development project in Johor, but have yet to secure anything,” said SEB managing director Peter Wong.
Tan said STC will continue to seek mergers and acquisitions in related businesses to grow, although nothing has been confirmed.
Tan’s family vehicle Omega Attraction Sdn Bhd is the biggest shareholder of STC, with a 46.26% stake as at April 30 this year, its latest annual report showed. Bloomberg data showed the group has a free float of 30.6% on an issued base of 116.61 million shares.
STC’s share price had been trading below its net tangible asset (NTA) per share of RM2.13 and RM1.89 as at end-2013 and 2012 respectively, according to figures from its annual report. As at June 30, its NTA stood at RM2.25. Based on its closing price of RM1.74 last Friday and annualised FY14 earnings per share of about 28 sen, STC trades at an undemanding price-to-earnings ratio of 6.2 times.
This article first appeared in The Edge Financial Daily, on October 13, 2014.
投标海外工程计划乐观 前风变压器成长迅速
二零一四年十月二十六日 晚上七时十分
股价最近无预料从一年低点1.15令吉，飙高至2.03令吉的前风变压器有限公司（SUCCESS，7207，工业产品组），正投标肯尼亚、新加坡、澳洲和印尼的光二极管（LED）照明计划。
该股于上周五收盘时挂1.86令吉。
这间从事制造变压器与工业照明产品且作风低调的公司，有信心在其良好记录背景下，赢得肯尼亚价值600万至720万令吉的政府合约。
董事经理兼创办人陈玡宾表示：“除了肯尼亚的光二极管照明计划外，我们也投标新加坡、澳洲和印尼政府与私人领域的光二极管计划。”
“在肯尼亚，我对我们赢得这项工程相当乐观，因在过去5年，我们为从内罗华机场至市区的街道供应照明产品。”
这也是陈玡宾认为它不受来自飞利浦和其他业者激烈竞争影响的原因。
飞利浦于2012年与肯尼亚都市道路局合作，以确保首都内罗华的道路装置太阳能光二极管照明设备。这项计划是东非地区的首创。
陈玡宾说，前风变压器的客制化照明方案涵盖设计阶段至制造与售后服务，让它可与本土和海外业者竞争。其于双溪毛糯工厂的产品出口到超过40个国家，包括法国、澳洲、阿联酋、日本、韩国、印度、香港和新加坡。
“许多国家现已转为使用更环保和更节省能源的光二极管照明系统，这项产品将成为我们的一个庞大市场。”
前风变压器是透过旗下逾800个交易商和分销商，出售其变压器与照明产品，涉及高速公路计划和供应商业建筑、购物广场、仓库和工厂的照明。
基于该领域的迅速成长机会，该公司可能需要透过合并与收购扩充，以巩固其未来成长。
于1980年成立该公司的陈玡宾指出：“我们已针对并购与一些团体进行洽商，但目前仍然尚未有定案。由于光二极管市场非常庞大，我们未来将需要更多资金以扩充我们的业务。”
拜光二极管和明朗前景和前风变压器更强稳的财务表现所赐，该股上个月从之前被冷待逐渐转为受到关注，于9月25日冲上令吉的记录高点，惟走势较后回软。
陈玡宾强调，前风变压器董事与该股的不寻常活动无关。
消息称，机构基金已经从公开市场购入前风变压器股票，意味着看好这只被忽略与低估股票的上扬潜质，因后者持续以净有形资产值以下水平交易。
截至6月30日，其净有形资产值企于2.25令吉。基于该股最后挂价1.86令吉，和2014财政年常年化每股收益28仙，前风变压器只有约6倍本益比。该公司于同时期的净盈利从之前的1360万令吉提高到1670万令吉，而收益则增加27.8%至1亿8964万令吉。
陈玡宾预测，该公司2014和2015财政年度的收益与盈利将进一步提高，主要是来自旗下光二极管照明部门。
展望未来，陈玡宾说，前风变压器可能重估其资产与产业，并且派送红股或凭单以作为回馈忠诚股东及提升流通量，惟现阶段尚未对这些企业活动作出决定。
前风变压器是于2005年在大马交易所的第二交易板挂牌，并于2007年转升主要交易板上市。
在2008年9月，它获《福布斯亚洲》杂志评选为13家‘十亿令吉以下最佳公司’之一。
http://www.kwongwah.com.my/news/2014/10/26/81.html
前景带动股价 前风竞标3国LED工程
（吉隆坡18日讯）近期股价大涨的前风（SUCCESS，7207，主板工业产品股），证实在肯尼亚（Kenya）、新加坡、澳洲及印尼竞标LED照明工程。
News tracking for the company only.
Success still promising better days ahead
2014-10-19 10:57
受到LED领域前景一片光明带动，加上交出更好的业绩表现，其股价上个月开始走高。
KUALA LUMPUR: Success Transformer Corp Bhd (STC) ( Financial Dashboard), a manufacturer of transformers and industrial lighting products, expects net profit and revenue to improve in financial year ending Dec 31, 2014 (FY14) and FY15, driven by its light emitting diode (LED) lighting segment.
For the first six months ended June 30, 2014, STC’s net profit rose 22.7% to RM16.7 million from RM13.61 million, while revenue grew 27.8% to RM189.64 million from RM148.46 million a year ago.
The transformer and industrial lighting segment contributed RM126.12 million or 66.5% to the group’s revenue, while the process equipment segment accounted for the remaining 33.5%.
Its managing director (MD) Tan Ah Ping expects similar contribution from both segments moving forward.
“We have our own research and development team and facilities in [LED] lighting since 2009, and since then our focus is on LED lighting products to cater to the commercial and industrial lighting markets’ needs,” he told The Edge Financial Daily in an email interview.
STC operates a production plant in Sungai Buloh, Selangor, which is running at 60% full capacity.
Tan said the LED lighting market has huge growth potential as more companies move to energy-efficient and eco-friendly sources of lighting.
The group expects contribution from LED lighting to total lighting sales to pick up from 30% currently, possibly overtaking that of its conventional lighting products.
Tan said STC’s one-stop lighting solution to customers — from the design stage to manufacturing and after-sales service — enables it to meet the expected stiff competition from local and foreign players.
“As for the transformer segment, we are expanding to more niche markets such as the information technology-related segment, marine segment and other industries that require our specialties in design consultancy,” he said.
Tan noted that transformers offer higher margins than lighting products as the former is custom-made while the latter is usually produced for the masses.
On July 9, STC’s 60%-owned subsidiary Ningbo Success Zhenye Luminaire LLC (NSZ) incorporated Shenyang Success Zhenye Luminaire LLC, subscribing two 60% in the latter for 300,000 yuan (RM156,000). This will provide NSZ with an opportunity to expand its business in the local market.
Tan deemed the contribution from China to be “significant” within these three years, but declined to give a number.
Thus far, STC has yet to penetrate the China consumer market although eight is the group’s major supplier in components. Nonetheless, it hopes to start selling some of its lighting products to China through NSZ.
For its first half of FY14, the local market contributed 79% to the group’s revenue, while the remaining 21% was derived from overseas sales to Singapore, other parts of Southeast Asia, and the Middle East.
On its process equipment segment, which is represented via its 65.26%-owned subsidiary Seremban Engineering Bhd (SEB) ( Financial Dashboard), Tan said SEB’s order book currently stands at RM90 million, which will keep the company busy for the next 12 months.
In terms of allocation of clientele, the oil and gas portion increased from just 10% last year to 60% this year, with the palm oil industry accounting for 25%.
Tan said the client contribution to SEB revenue varies, depending on the projects taken by the company. “We are [also] working towards tendering for the refinery and petrochemical integrated development project in Johor, but have yet to secure anything,” said SEB managing director Peter Wong.
Tan said STC will continue to seek mergers and acquisitions in related businesses to grow, although nothing has been confirmed.
Tan’s family vehicle Omega Attraction Sdn Bhd is the biggest shareholder of STC, with a 46.26% stake as at April 30 this year, its latest annual report showed. Bloomberg data showed the group has a free float of 30.6% on an issued base of 116.61 million shares.
STC’s share price had been trading below its net tangible asset (NTA) per share of RM2.13 and RM1.89 as at end-2013 and 2012 respectively, according to figures from its annual report. As at June 30, its NTA stood at RM2.25. Based on its closing price of RM1.74 last Friday and annualised FY14 earnings per share of about 28 sen, STC trades at an undemanding price-to-earnings ratio of 6.2 times.
This article first appeared in The Edge Financial Daily, on October 13, 2014.
投标海外工程计划乐观 前风变压器成长迅速
二零一四年十月二十六日 晚上七时十分
股价最近无预料从一年低点1.15令吉，飙高至2.03令吉的前风变压器有限公司（SUCCESS，7207，工业产品组），正投标肯尼亚、新加坡、澳洲和印尼的光二极管（LED）照明计划。
该股于上周五收盘时挂1.86令吉。
这间从事制造变压器与工业照明产品且作风低调的公司，有信心在其良好记录背景下，赢得肯尼亚价值600万至720万令吉的政府合约。
董事经理兼创办人陈玡宾表示：“除了肯尼亚的光二极管照明计划外，我们也投标新加坡、澳洲和印尼政府与私人领域的光二极管计划。”
“在肯尼亚，我对我们赢得这项工程相当乐观，因在过去5年，我们为从内罗华机场至市区的街道供应照明产品。”
这也是陈玡宾认为它不受来自飞利浦和其他业者激烈竞争影响的原因。
飞利浦于2012年与肯尼亚都市道路局合作，以确保首都内罗华的道路装置太阳能光二极管照明设备。这项计划是东非地区的首创。
陈玡宾说，前风变压器的客制化照明方案涵盖设计阶段至制造与售后服务，让它可与本土和海外业者竞争。其于双溪毛糯工厂的产品出口到超过40个国家，包括法国、澳洲、阿联酋、日本、韩国、印度、香港和新加坡。
“许多国家现已转为使用更环保和更节省能源的光二极管照明系统，这项产品将成为我们的一个庞大市场。”
前风变压器是透过旗下逾800个交易商和分销商，出售其变压器与照明产品，涉及高速公路计划和供应商业建筑、购物广场、仓库和工厂的照明。
基于该领域的迅速成长机会，该公司可能需要透过合并与收购扩充，以巩固其未来成长。
于1980年成立该公司的陈玡宾指出：“我们已针对并购与一些团体进行洽商，但目前仍然尚未有定案。由于光二极管市场非常庞大，我们未来将需要更多资金以扩充我们的业务。”
拜光二极管和明朗前景和前风变压器更强稳的财务表现所赐，该股上个月从之前被冷待逐渐转为受到关注，于9月25日冲上令吉的记录高点，惟走势较后回软。
陈玡宾强调，前风变压器董事与该股的不寻常活动无关。
消息称，机构基金已经从公开市场购入前风变压器股票，意味着看好这只被忽略与低估股票的上扬潜质，因后者持续以净有形资产值以下水平交易。
截至6月30日，其净有形资产值企于2.25令吉。基于该股最后挂价1.86令吉，和2014财政年常年化每股收益28仙，前风变压器只有约6倍本益比。该公司于同时期的净盈利从之前的1360万令吉提高到1670万令吉，而收益则增加27.8%至1亿8964万令吉。
陈玡宾预测，该公司2014和2015财政年度的收益与盈利将进一步提高，主要是来自旗下光二极管照明部门。
展望未来，陈玡宾说，前风变压器可能重估其资产与产业，并且派送红股或凭单以作为回馈忠诚股东及提升流通量，惟现阶段尚未对这些企业活动作出决定。
前风变压器是于2005年在大马交易所的第二交易板挂牌，并于2007年转升主要交易板上市。
在2008年9月，它获《福布斯亚洲》杂志评选为13家‘十亿令吉以下最佳公司’之一。
http://www.kwongwah.com.my/news/2014/10/26/81.html
前景带动股价 前风竞标3国LED工程
（吉隆坡18日讯）近期股价大涨的前风（SUCCESS，7207，主板工业产品股），证实在肯尼亚（Kenya）、新加坡、澳洲及印尼竞标LED照明工程。
根据财经周刊《The Edge》报道，前风创办人兼董事经理陈玡傧表示：“基于以往纪录良好，公司有信心能够在肯尼亚获得价值600万至750万令吉的政府合约。”
公司目前竞标着的合约，包括肯尼亚的LED照明工程，新加坡、澳洲和印尼政府和私人领域的LED工程。
针对市场潜能，他指出，很多国家都已转至使用有利生态环境和节省能源的LED照明系统，所以，这对公司而言，是一个相当庞大的市场。
由于该领域拥有很大的发展潜能，所以公司必须通过并购活动扩展业务和加速成长。
“我们正与一些公司洽谈并购活动，但目前还不确定。由于LED市场庞大，所以，我们需要更多资金拓展业务。”
这家低调的大马公司，主要业务是生产变压器和工业照明产品。
股价创新高
同时，更在9月25日冲上2.03令吉的历史新高。
消息人士指，机构基金已在公开市场收购公司股票，因看好股价成长潜能高。http://www.nanyang.com/node/656740?tid=462
Sunday, 25 January 2015
Participation Analysis 【参与率分析】 @ 22-Jan-14
最近外资在去年12月就开始积极外流。本地基金是主要的承接人。散户就漂浮地买卖。
Foreign investor selling aggressively since Dec'14. Local Institution is the main party to adsorb most of the capital outflow. Retail investor is being net buyer and net seller inconstantly from time to time.
这次介绍大家看散户跟随指数所做出的买卖热度。前阵子的大调整，散户的交易买卖曾经达到了一个低潮，也就是当天的买/卖股值各自既然不到2亿。离上一次的低潮最少是一年前以上的事。但是，22-Jan-15的当天的买/卖股值各自开始热了，也是达到5亿以上。过去3个月，只发生了3次。如果热度保持在这个水平或以上，建议大家要更加谨慎对待手上持有的股票。
Introduce a new charting to observe the "heat" through the Local Retails trading (buy/sell) activities. From the recently market adjustment, found the daily buy/sell trade value is less than RM200mil each. It is a low point for at least more than 1 year ago. But, there is a bit "heat" observed from traded value done on 22-Jan-15, which is exceeded RM500mil. This only happened 3 times in the past 3 months. If the heat remain at this level or higher, I think all of us have to be more extra caution on your holding shares.
LR - Local Retails 【散户】
LI - Local Institution 【本地基金】
F - Foreign 【外资】
Foreign investor selling aggressively since Dec'14. Local Institution is the main party to adsorb most of the capital outflow. Retail investor is being net buyer and net seller inconstantly from time to time.
这次介绍大家看散户跟随指数所做出的买卖热度。前阵子的大调整，散户的交易买卖曾经达到了一个低潮，也就是当天的买/卖股值各自既然不到2亿。离上一次的低潮最少是一年前以上的事。但是，22-Jan-15的当天的买/卖股值各自开始热了，也是达到5亿以上。过去3个月，只发生了3次。如果热度保持在这个水平或以上，建议大家要更加谨慎对待手上持有的股票。
Introduce a new charting to observe the "heat" through the Local Retails trading (buy/sell) activities. From the recently market adjustment, found the daily buy/sell trade value is less than RM200mil each. It is a low point for at least more than 1 year ago. But, there is a bit "heat" observed from traded value done on 22-Jan-15, which is exceeded RM500mil. This only happened 3 times in the past 3 months. If the heat remain at this level or higher, I think all of us have to be more extra caution on your holding shares.
LR - Local Retails 【散户】
LI - Local Institution 【本地基金】
F - Foreign 【外资】
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