No brainer trade forex factory

Icon Gossips About Stocks. Tue, 20 Jun I am happy to inform that my blog achieved 15 million page view today. As usual, I would like to thank everybody for their support. I will continue to write in an objective and professional way.

Have a nice day. Thu, 1 Jun Thank you koko for introducing this stock to us through his earlier artcle. You can say that koko lit the fire, and I am now trying to fan the flame. Careplus is a glove manufacturer listed on ACE, industry peers of Top Glove, Kossan, Supermax, etc. Since IPO init has been growing by leaps and bounds. Init undertook further expansion by adding 6 more lines. In the quarter ended Marchits revenue and profit grew significantly as positive impact from the additional capacity started trickling in.

Please refer to table below. The March quarter was purely operational, with very little exceptional items.

The company is positive about coming quarters' earnings. Further Expansion Ahead, All The Way Until In an interview dated FebruaryGroup CEO told The Edge that from untilthey plan to add six production lines every year.

At the end of the expansion program, capacity will increase from 2. Please refer to article below. Balance Sheet Not Strong, But Not Really A Problem. As at MarchCareplus has net gearing of approximately 1 time. To be honest, its balance sheet is not considered strong. However, Malaysia has certain competitive advantages when come to glove manufacturing. Many of our glove companies are world leaders in the industry. As such, I am not particularly worried about Careplus' financial strength, especially now that it is showing signs of thriving.

Having said so, according to the February interview, the capacity expansion porgramme required total funding of RM mil. Can Careplus afford it? It is actually not as intimidating as it looked. First of all, Careplus' March figures had already factored in RM36 mil capex incurred in The remaining amount would be RM mil.

According to FY annual report, Careglove's assets and liabilities accounted for a substantial portion of Careplus group's balance sheets. It was also a major earning contributor to the Group. Lastly, there is also a likelihood that Careplus will undertake a private placement in the future to raise equity funding.

As such, they are in a position to tolerate placement related dilution. Let's wait and see. Anyway, let's not worry too far ahead. Careplus' management has been in this industry for a long time. They should know how to assess and manage the financial risk associated with the expansion. Careplus' recent quarter strong earning attracted our attention. We also think that it is likely sustainable as it was driven by capacity expansion, which will last until The capacity expansion not only increases revenue, it also improves profit margin due to economy of scale.

If we are lucky, Careplus will enter a virtue cycle over the next few years: Re-rating leads to PE mulltiple expansion. And the cycle repeats itself. We are currently at early stage of breakout growth. Investing is challenging because we need to make decision based on incomplete information. There is no assurance that Careplus will indeed evolve into another Top Glove, Supermax, or Hartalega.

You have to try your luck. In stock market, no risk no return. Appendix - The Edge Interview Dated February Thu, 25 May Crest Builder released a strong set of result this evening. Almost the entire profit is operation related. Core EPS of 3. Crest Builder is the last one. Its price has hardly gone up. Crest Builder has proper profit track record and is relatively clean no ticking time bomb.

Enough to last more than three years based on assumed annual revenue of RM mil based on latest quarter construction revenue of RM59 mil x 4. There is potential to secure more contracts. This is a very good point. It means that the Group only needs a relatively small amount of profit to propel share price upwards. Compare to other bigger construction companies, lower risk of earning disappointment backed by order book and property division. Today, as per my earlier prediction, Lion Industries released a fantastic set of result.

The rest of the table is self explanatory. Please go through it yourself. For many quarters, Parkson's losses has dragged down Lion Industries' performance. In my opinion, time is ripe for Lion Industries to rectify the situation through a demerger. According to latest quarterly report, the book value of the Parkson stake is RM mil. Based on 1, mil Parkson shares, that translates into price per share of RM3. I believe that reflects Parkson price back in As at todate, Parkson's price is RM0.

As shown below, Lion Industries only has RM mil retained profit. That is not sufficient to distribute the entire stake through dividend. To implement the demerger, it has to do it through capital repayment which is non issue, just take a bit longer. Based on mil Lion Industries shares, the distribution will be about 22 sen per share. Pursuant to the distribution, net asset will drop from RM1.

Net asset per share will become RM1. However, I am not convinced that she genuinely believes that stock valuation should be based on book value. In my opinion, she was probably trying to protect herself just in case Lion Industries announces a disastrous set of result. Now that result is so good, let's see tomorrow whether she will try to wriggle herself out of the Book Value argument and adopt PE multiples as the prefered method of valuation. As such, he will be entitled to distribution equivalent to 8.

I don't think that is a big problem. That should allow them to cease equity accounting Parkson's losses. But that will likely force the auditors to demand impairment of Parkson stake. I am actually ok with that as it is just an accounting treatment, and Lion Industries can solve the Parkson problem once and for all. Wed, 24 May Fri, 19 May As investors, our nose must be sensitive to smell out opportunities. I am not asking you to jump into palm oil stocks now.

But no harm keeping track of latest development. When come to investing, it is always good to TRY to be one step ahead of others. I hope RHB doesn't have issue with me posting this here. Thu, 18 May SAM released its March quarterly result this evening. Due to recent strong share price and news of booming semicond industry, I have more or less anticipated results to be good.

True enough, the result is indeed very good. Both aerospace and semicond equipment divisions' revenue grew due to stronger demand and better product mix. Revenue of precision engineering division was down slightly. Management sounds quite positive about next financial year's prospects the company's year end is March.

In the three months ended 31 Marchthe group incurred massive capex of RM I am very pleased with the abovementioned spending. As we all know, SAM is attractive because of its plan to expand the production capacity of its aerospace division by spending RM mil. In the December quarter, I noticed that the capex so far 9 months was only RM Where is the capacity expansion that everybody has been talking about?

Well, in this latest quarter, it finally came through. I heaved a big sigh of relief. In my previous article, I mentioned Target Price of RM7. Looked like things are moving faster than anticipated. As at todate, SAM is already trading at RM6.

With this latest quarter's impressive result and continued positive earning momentum as per management guidanceI believe the stock can possibly touch RM8. Fasten your seatbelt and enjoy the ride. The choo choo train is leaving the station. Mon, 15 May YKGI, previously known as Yung Kong Galvanizing Industries, is principally involved in the following business activities: YKGI has mil shares outstanding. Based on latest price of 25 sen, market cap is RM87 mil. As at 31 Marchthe group has cash, borrowings and shareholders' funds of RM39 mil, RM mil and RM mil respectively.

As such, net gearing is 0. Megasteel was not an efficient producer. Its HRC was of poor quality and also more expensive than imported HRC.

At the same time, foreign players dumped CRC on Malaysia market, resulted in depressed selling price. With high cost and low selling price, Malaysia CRC manufacturers were caught between a rock and a hard place. This was reflected in FY results. The group reported a loss of RM As a result, CRC manufacturers started obtaining approval from government to source HRC from overseas. This changes showed up in March quarter's performance, which saw EBITDA margin improved from 3. This has resulted in stronger CRC price domestically.

Together with lower input cost pursuant to closing down of Megasteel, the group staged a decisive turnaround in June quarter. Not sure what is the reason.

As shown in table above, average iron ore price was approximately USD72 per MT, USD14 higher than previous quarter. As a result, the group only managed to break even. The other three CRC producers: CSC Steel, Eonmetall and Mycron have yet to release their quarterly reports.

I expect them to post weak result as well.

Mycron might do better as its pipe division should be quite profitable. Since early Apriliron ore price has experienced a sharp decline. As at the date of this article mid Mayit has declined from height of USD88 per MT to approximately USD60 per MT. I understand from articles written by other bloggers that it is less efficient than its more established peers CSC Steel and Mycron.

Its balance sheet is also not that strong. Having said so, I have to give them credit for paring down borrowing from RM mil in to RM mil in If things work out well, small cap stock has great potential for appreciation. Will that result in stronger profit in coming quarter ending June ? It is likely, but I can't tell for sure as I don't have insider information.

However, earning risk is mitigated by the fact that share price is now still closed to all time low. Even if coming quarter result disappoints, I believe downside risk is limited. With such favorable risk reward ratio, the stock is a no brainer at current level. Thu, 11 May On 23 FebruaryLion Industries released a strong set of result for the quarter ended December Note: March quarterly result yet to be announced.

Its EBITDA turned positive. However, due to huge impairment losses, the group reported huge loss of RM mil. The impairment of receivables was mostly due to amount owing by Megasteel, which has since ceased operation. The group is not expected to register similar huge impairment going forward. With the absence of exceptional items, it broke even in that quarter. Revenue grew while EBITDA margin widened susbtantially to The company did not provide detailed explanation for the dramatic improvement.

My guess is that it has benefited from higher iron ore price.

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As shown in table above, during the quarter, iron ore price increased from USD55 per MT to USD80 per MT. This is because as iron ore price increases, scrap price also increases. The Hot Briquetted Iron "HBI" produced by Lion Industries' Labuan plant is substitute for scrap.

As such, its price will also go up. Scrap price will usually increase faster than iron ore price as there is infinite amount of iron ore in the ground but supply of scrap is more limited.

As a result, when iron ore price goes up, even though Lion Industries' operating cost will increase, if the selling price of its HBI has gone up faster, it will be in a position to reap windfall gain. I didn't cook up all these information. It was based on an article dated posted on The Star. The article might be a bit old, but the concept should still be valid. In the December quarter, Parksons reported net profit of RM73 mil due to gain on disposal.

To be prudent, we should exclude this item. I always have this impression that the Lion group of companies are mired in debt. I rubbed my eyes in disbelief when I went through Lion Industries' balance sheets. The group has net cash of RM91 mil!!! Compared to other industry players, Lion Industries' balance sheet is considered very strong. With such balance sheet strength, the group is in position to pay out high dividend now that it has returned to profitability. Will it do so?

We will soon find out in coming quarters. What To Expect In Coming Quarter? I am cautiously optimistic about the coming quarter's result. Iron ore price remained strong in the three months ended March major correction started in April If my hypothesis in Section 2 above is correct, the group's HBI division should continue to do well.

In the December quarterly report, this is what management said about prospects: To have a feel of whether management was serious about what they said, or they simply put in something to entertain shareholders, I dug out past few quarters' commentaries on prospects.

Well, I would say that managment passed my little test with flying colour. Everything they said in the past 3 quarters closely reflected what followed subsequently. In March and June quarters, they cautioned that operating environment remained challenging, and the results subsequently validated what they said.

In September quarter, they guided for better performance and that was exactly what happened when December result was revealed. It seemed that they were quite careful with their words. What do you think? Should We Worry About June Quarter? If you take a careful look at the iron ore chart in Section 2 above, you will notice that iron ore price has declined substantially in April How will that affect Lion Industries' profitability?

Should we be concerned? In my opinion, the decline should result in lower profitability at HBI division no more windfall gain. However, Lion Industries' milling division Amsteel mill and Antara mill should benefit from lower input cost.

The steel industry is very complicated. It is affected by many factors which changed from time to time. I simply don't have the resources and expertise to predict how the group will perform in the June quarter. However, I believe the group will still report healthy profit. Southern Steel does not have an HBI division to benefit from.

However, in the latest March quarter, it still reported a sterling set of result even when scrap price was so high. With stronger balance sheets and hence lower interest expensesthere is no reason to believe that Lion Industries cannot achieve the same performance going forward. In its latest annual report, Ann Joo bragged profusely about its blast furnace it also has electric arc furnace, just like everybody else. Most steel players use scrap as raw matertial. When scrap price is high, Ann Joo's blast furnace provides it with the flexibility to switch to iron ore, which is usually cheaper.

Because of that, recently Ann Joo's share price has run ahead of other industry players - the Ann Joo Premium. Sorry to burst your bubble, Ann Joo. Looked like you are not the only one with that flexibility. Lion Industries' HBI plant serves the same purpose. Furthermore, Lion Industries' balance sheets is much stronger than you. I put in the above for fun. Ann Joo shareholders please don't be offended.

I am relatively late to the steel industry re-rating. There were previously many uncertainties that stopped me from putting serious money in the sector. However, the government recently imposed a 3 year anti dumping duty on foreign steel import. With that, the industry's operating environment has improved substantially.

I believe we are far from approaching the end of the positive cycle and it is still not late to take position. Lion Industries attracted my attention because of its strong core EPS of 6. At current price of RM1. It also has strong balance sheet. With a bit of luck, shareholders might even enjoy some dividend going forward.

After taking into consideration the above, I would like to nominate Lion Industries as the TOP PICK for steel play. Mon, 8 May Not too long ago, BJ Toto released a poor set of results. This caused share price to decline to all time low of RM2. The company explained that it was due to additional GST adjustments amounted to RM By adding back the RM What I mentioned above was not sufficient to motivate me to buy into BJ Toto.

Fair enough, the market has unfairly penalised it by pushing share price down from RM3. But that represents upside of only RM0. What got me excited was how well its Vietnam venture is doing. Just to recap, in JanuaryBerjaya Corp announced that the Vietnamese government has granted approval for its lottery business in Vietnam. The lottery business was officially kicked off in July As mentioned above, by DecemberVietlott was chalking up daily sales of VND How much was that in Ringgit?

Multiplied bythat translates into annual sales of RM mil. Last year, BJ Toto chalked up total sale of RM5. And this is just the beginning. But the entire program is supposed to be rolled out over 5 years now only 0. Based on straight line extrapolation, annual sales could reach betwen RM5 billion to RM10 billion per annum. Vietnam's GDP per capita is still very low. Even 5 years later, it will still have plenty of room to grow. Even if the number of terminals are capped at 10, we can expect lottery sales per terminal to continue to grow over many, many years.

In the above section, I discussed how well Vietlott has been doing. The question now is which counter should I buy? After giving due consideration, I decided to put my money in BJ Toto and BJ Corp on 3: The reason I bought more BJ Toto is because I don't really like BJ Corp's high borrowings and lack of direction. But later sold it at a small loss after losing patience with it.

I have also conducted a detailed study of the group and found that it has many weaknesses that I don't like. Neverthelss, at current price of 35 sen, the stock does looked interesting, especially now that Vietlott has been doing so well. However, as usual, patience is required for this group. I will have to admit that BJ Toto is not really the kind of stock that people buy into during the existing bull market. It is not really that sexy. However, after the recent strong Bursa performance, I am turning a bit cautious not to say that I am bearish.

I look for stocks that has not gone up much and has reasonable potential. I am hoping of buying into BJ Toto such that when next quarter result comes out and if thing is back to normal, it can go back up to RM3. Bywith a bit of luck, hopefully share price can go up by another 20 sen to RM3. BJ Toto declared 19 sen dividend last financial year. I am hoping maybe it can declare at least 16 sen going forward. Coupled with share price of RM3. Thu, 4 May Reason 1 - Meets Requirement of KYY Golden Rule.

Inthe group secured RM1. In Marchthe group secured RM mil wastewater treatment project in Miri, Sarawak. As at todate, the group's outstanding order book is RM2.

In FY, the group's construction revenue was RM mil. The existing order book is 5. Reason 2 - Good Time Is Just Around The Corner. MIDF's analyst visited the company recently 27 April The group is in net cash position. Please refer to information below, which is self explanatory. Reason 4 - Impeccable Track Record. Let facts show how well the company has been run in the past.

The group is squeaky clean. There are no legacy issues that will act as a drag on the group going forward. There is currently a court case between shareholders. But it is more related to dispute of shareholding instead of over direction of the group.

In my opinion, it should not have material impact on the group. Reason 6 - Still Trading At All Time Low. Market is frothy now. Buy something that has not gone up much. HSL is now trading at 10 sen above its past two years all andrew mitchem forex trading low of RM1.

Barring a market meltdown, I think there is limited downside. Reason 7 - Relatively Small Market Cap. Market cap is only RM1 billion. There is plenty of room for growth, especially for a group with such strong earning visibility.

Reason 8 - Potential Additional Contracts. One of the main reasons the stock has not moved much is because analysts have been making conservative forecast of their FY earning. However, in my opinion, earning is not the only catalyst.

The group is very likely to secure further contracts in the next few months. If that happens, we will not be able to get the shares at such bargain price. Reason 9 - Efficient Management Team. As such, HSL's margin is quite impressive. Reason 10 - TA Signal Has Turned Bullish. I am an FA guy, but I do know a little bit of TA. After studying various TA methods in the past one year, I have identified MACD Zero Line Crossing as the most reliable I am not particularly fond of Signal Line Forex buy limit buy stop as it carries too much noise.

In HSL's case, MACD has recently crossed the Zero Line. For me, it is a Buy signal. Tue, 2 May Based on mil shares, Nylex's market cap is now RM mil. The reason Nylex share price has gone up is because it did very well in vartan stockbrokers birmingham latest quarter ended 28 February Industrial chemical's profitability is volatile.

This was especially true in past few quarters as its margin declined, influenced by weak industry trend blue highlighted figures. Both revenue and operating profit increased substantially.

The company explained that this was due to more robust selling price for their products. Actual result was much stronger. There was exceptional items of RM2. Without those items, net profit would be RM9. That is not the end of it. The group has just commissioned a new chemical tanker, which incurred start up losses of RM2.

Without that, pro forma net profit would be benny bl forex RM The vessel was delivered in January The chemical tanker will be used to transport and distriute Nylex's own chemical products to customers, resulting in cost saving from onwards. The group's gearing has been increased by the vessel purchase, but overall still very healthy.

Appendix - Nylex MD's Interview My The Edge on 13 February Fri, 14 Apr Yesterday, one forum member wrote an article calling for people to shun export counters due to recent softening of USD. I do not really agree with that view. On the contrary, I believe recent developments michael sepi stock broker to possibility of further strengthening of USD in coming months.

The recent softening of USD was caused by Trump's comments few days ago that "USD is too strong". That was actually the second time he said something like that. Few months ago, Trump said "strong USD is killing us".

As a knee jerk reaction, USD softened for few days. But it subsequently rebounced. Don't be surprised if the same thing happens again. The reason why currency markets reacted to Trump's comments is because there is belief that US Presidents hold great sway over the direction of USD.

President wants the USD to move in one particular direction, html5 input type radio checked always get what he wants.

A very wise and credible person. What he said should not be simply brushed aside. With that in mind, I did a quick study of how US Presidents had intervened in currency market in the past to influence the direction of USD. Obama and Quantitative Easing. As we all know, in the past few years, the Obama Administration embarked on so stock market affecting the economy "Quantitative Easing" which essentially involved printing money non stop.

With huge increase in supply, the USD softened substantially over the past few years. At first look, it seem that the U. President can in fact determine the direction of the USD.

He did that by playing with monetary policies. However, if you think a little bit deeper, that was not really the case. I would argue that Obama was able to bring down the USD because it was in line with the macro trend. This created a conducive environment for him to undertake his Quantitative Easing. To sum it all up - a US President, no matter how much policy levers he has, has to operate within the system, which is driven and determined by market forces.

In such a system, the President cannot single handedly determine the direction of the USD. What Obama has done is to follow the major trend and amplify the effect. Another very famous case a shares stock market bubble the US government intervened to bring USD down was the Plaza Accord.

In the s, the USD was very strong. Naturally, that resulted in high trade deficit and loss of export competitiveness. Inthe leaders of 5 countries - US, Britain, France, Germany and Japan met in Plaza Hotel in New York City. At the end of the meeting, the liteforex account login countries agreed to cause the USD to depreciate.

Isn't that another proof that the U. President can single handedly determine the direction of the USD? If you take a closer look at the details of how it was done, you will realise that it was not as simple as that. Please refer to the following information extracted from Investopedia: All agreed to increase employment. The United States, bearing the brunt of growth, only agreed to devalue its currency. The insights I gained from studying the Plaza Accord is that to drive down the USD, you require the cooperation of other countries and central banks.

They will have to drastically change their macro economic policies so as to cause the currency market to move in the targeted direction.

Words cannot achieve that. That select option using angularjs because they all sought safety under its security umbrella against the threat of Communism. In today's world, if Trump really wants to depreciate the USD, it needs to work with China, its biggest trading partner.

Can the US President force China to change its macro economic policy to pull off another Plaza Accord? The answer is a definitive "No". China is no Japan. It does not rely on the US for security. It is also big and strong enough to resist coercion. Another Plaza Accord is simply impossible. InUS registered trade deficit of more than USD bil with China.

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Trump complained loudly about that. On 7 AprilXi Jinping indicated to Trump that China is willing to work with him to reduce the deficit.

They have kicked start a days process to sort out the details. I believe Xi is sincere in giving some concession to the U. This is because China moneymakergroup forum another 10 to 20 years to outgrow the US.

It is willing to cede some ground now just to get Trump off its back. It is unlikely that the talks will result in elimination of the entire USD billion deficit. But a reduction of even USD billion could be a big win for Trump, which he can tweet until his fingers fall off. China can do that without hurting itself much.

For example, instead of english lesson money vocabulary soybeans from the Brazillians, they will buy more from the State of Iowa. Or maybe buy some shale oil, now that US has started exporting this commodity. In my opinion, in the event that the reduction in trade deficit happens which is very likely as China is fully capable of delivering USD billionthe currency market will go crazy.

USD will strengthen substantially, probably to level we have never seen before. According folio discount stock broker my study, it is only partially true that the U. President can influence direction of USD in a significant way. In Obama's case, he managed to guide the USD down in line with the macro trend. But now the U. Whoever the President is now, he has lost that flexibility to print money.

It will cause inflation to spike. Instead, the general trend now is to tighten up. We can forget about using QE to press down the USD. As for Plaza Accord type maneuver, it requires cooperation by U. Back in the s, the U. But this is not possible now with China. It simply won't play balls. Now that we have eliminated the possibilities of the above two events happening, what is left is the indikator bagus forex economic factors.

Many of the bullish factors that support strong USD strong employment, potential rate rise, potential tax cut, massive infrastructure spending, etc are still in place. On top of that, one major catalyst will be if China really deliver concession to reduce trade deficit, the USD will be on steroid and run wild. In my opinion, it is still too early to call the end of USD rally.

Sat, 1 Apr Once upon a time, China and India were the dominant world economies. However, approximately years ago, the West began to rise.

The driving force behind it was science and technology. I have experience dealing with Chinese, Indians, Westerners, etc. Based on my observation, no one single race is more superior than the others. Everybody is more or less equal, when comes to intellect. If that is the case, citi global foreign currency account did the West pull ahead of everybody else to emerge as the dominant force in the world?

It is the system. They have developed a platform and method that facilitated development of science and technology, thereby significantly increasing their productivity. To have a feel of what I am trying to say, let's first look at our own Chinese way of handling technology. The West was not the only people that deployed technology. The Chinese keenly studied various natural phenomenon and harness their power for economic gain. Apart from Compass, Gun Powder, Paper, Printing, etc, there are numerous other things invented by the Chinese.

This included medicine, special usage of material, etc. However, this was where the Chinese differed from the West. For Chinese, inventions were trade secret. You don't disclose the full amount to your disciples, unless he is part of your family.

Due to the above practices, things were regularly invented in China, but they failed how fx options are priced blossom and propel the nation into a modern state. Whatever academic papers presented by scholars will be vetted by independent and neutral academic peers. Nobody can force things down other people's throat.

Forex asian market time you want to do that, you will simply be ignored and excluded from the process. Professionalism was the order of the day. The merit based system didn't provide financial rewards for new discoveries. Instead, credits was given to the publishers of the papers. Recognition was accorded to the academics for contribution they made in advancing the particular field of studies.

Keep your academic discoveries in a locker? You got to be kidding!!! The moment the paper has been finalized, the academics will rush to release their findings so as to identify themselves as the person that pioneered the concept.

If you are a bit slow and somebody undertaking similar study released ahead of you, you ten years of hard work will go down the drain. The combination of above two factors created a force so powerful that science and technology took off, creating the modern world that we lived in now. I have been in the market for a long time. Overall, my track record was ok.

I managed to grow my wealth. However, there was a limit on how well I can do. In certain period, my performance was erratic and I was not on the top of the food chain, so to say.

I joined i3 in Since then, I was exposed to various information and concepts provided by forum members. That benefited me a lot. I now have better feel of the market, various stocks and strategies. My performance had improved a lot as a result.

In my opinion, I was not the only person that benefited. Over the past two years, through sharing of information, fine tuning of concepts and reasoning, I notice i3 members as a whole have improved and matured by a lot. For example, when I first started blogging, I was frequently pestered for Target Price. Write a lot of nonsense but did not give a Target Price. But now, nobody said that to me anymore.

Most of the forum members now know what to do with the info I provided them. They correctly treated my articles as source of insights and information, not so euro dollar trading holiday recommendations.

Another evolution I notice was the concept of Margin of Safety. Back inwhenever I wrote that this company has strong balance sheets low borrowing and most importantly, surplus cashforum members will go crazy and rush in to buy. But nowadays, I notice that forum members no more reacted to such details with eagerness. I would attribute this to gradual acceptance that future earning is the key price driver Uncle Koon and stockmanmy's frequent lashing out on the concept of margin of safety through balance sheet strength.

I believe that have an effect on forum members subconscious, causing them to change their perspective in a subtle way. The reasons I brought investasi forex online terpercaya the above two examples are to indicate the academic system pioneered by the West as mentioned above seemed to be well and working in i3.

As a result, it has evolved into a very EFFECTIVE platform for stock market investing. That is why I named this article "The Evolution of training binary options trading strategy 60 seconds Into a Super Investor".

I believe today currency rate pakistan rupees when come to portfolio return, many i3 members must be at the top of the echelon, beating even analysts and fund managers. Just look at the return of no brainer trade forex factory forum members for month of March for Stockpick Of course, the market in general has done well.

But if you look at the stock picks, you will notice that many are ver well chosen, reflecting insights, skills and understanding of what they were doing. We have benefited a lot from this platform. Let's try to do our parts to preserve and enhance this eco system through sharing of information and ideas in a productive way.

Fri, 31 Mar Spicing Up Your Portfolio. Call Warrants are always met with a frown. No respectable investors should dabble in such short life instruments. They are only for speculators.

Or are things really as simple as that? On 1 SeptemberI made a Buy call for Affin at RM2. True enough, Affin came up with reasonably good results in subsequent quarters. As at todate, share price has gone up to RM2. Within a period of 6 months, it delivered return of RM0. Not bad, but nothing to boast about also.

Many other stocks had gone up during that period by the same amount, if not more. But that is not the end of the story. Around end SeptemberCIMB issued 50 mil Affin CV. It expires on 31 July Excercise price is RM2. Conversion ratio is 1 for 1. For every one Affin share I hold, I bought one Affin British airways plc stock exchange to companion it.

My average cost optional protocol on the compulsory settlement of disputes RM0. Today, Affin CV has gone up to around RM0.

A gain of RM0. As a result, my Affin gain was no longer RM0. It has become RM1. Based on original cost of RM2. Due to lack of statistics, I am not really in a position to claim that it beats the market tempat belajar forex di bandung penny stocks had gone wild in these few weeks.

But for an investment in a bank stock, it is no small feat. Now you can see where I am heading. Be Careful Of Premium. Money is good, but what are the risks?

When you buy Call Warrants, pay particular attention to its conversion premium. Unlike conventional warrants, the Issuer has the right to issue additional Call Warrants during the tenure if they have already finished selling the first batch. It is a standard term, you can find it in most term sheets. The IBs don't incoporate terms like that in the document to look good. They actually do that in real life. Suddenly one day, the IB announced that it has finished introducing its stocks of warrants into the market through market making and was ready to issue new Call Warrants shortly.

The first thing that came to mind was that the IB will be dumping the new Warrants on them all the way until premium becomes zero at that level, the Warrants will cease falling as its valuation will then be backed by the formula. The next day, before the IB can lift a finger to do anything, everybody rushed for the exit and the Call Warrants's premium collapsed to almost zero. If you are wondering why the authority allows the IB to do such horrible things, stock broking industry profile you have misunderstood the situation.

The answer is that "NO, it is not meant to allow the IB to exploit investors". When the IB issues the additional Warrants, they will not simply dump dump dump until premium collapses to zero.

Make money arbitrage will provide buying and selling around the market price of the Warrants at that time. It will queue to buy and sell at That will allow them to introduce the new warrants to the market without causing price disruption.

But confused investors don't care. In a state of panic, everybody just jump. And they all go down together. That is the risk of holding Call Warrants with high premium. Exposure and Mitigating Factor. By adding Call Warrants to our mother share investment, what additional risk we have introduced into our portfolio?

Essentially, you have increase your cost of investment. Let's take Affin as an example. Without the Call Warrants, my cost was RM2.

With the Call Warrants, my cost became RM2. In the unlikely event that the Warrants expire with zero value, my effective cost in Affin would have gone up to RM2. It is Boh Song not nicebut hardly stock market schedule for columbus day life threatening situation. But the above scenario is only true if the Warrants become zero on expiry.

In most cases, you won't lose all your money. Barring a dramatic collapse of mother share price that is why you must choose a stock that has undemanding valuation for this strategythe Warrants might slowly decline and stabilize at 7 sen teknik kuda forex say if mother price stagnates and expiry date draws nearer. You should have sufficient time to exit without losing entire value.

In that sense, I would say that the actual downside risk is 10 sen not 17 senor 4. This is really not such a big deal, if you compare with the potential upside. First of all, I would like to point out that this strategy is not meant for trading purpose. It will only work well if the mother share you bought is attractively priced and there are signs that earnings going forward will be good and cause share price to rise. Preferably the re rating can happen during the tenure of the Call Warrants.

In several cases, I have actually suffered small losses by cutting loss the Warrants closed to expiry because mother shares encountered temporary set back and need further time to unlock its potential. Sometimes, I doubled down by further buying into new Call Warrants issued by IB as the existing one expires, so as to artificially extend the life span of the Warrants of course, unlikely to have perfect match of terms.

My experience so how much will i earn after tax calculator is not so unpleasant. Provided I pick the stocks wisely and there is no market meltdown as mentioned above, a meltdown is no big deal as it will cause my cost to go up from 2. And for the successful cases, the extra return they generate can offset whatever small losses that I incurred in the past in some cases due to other stocks in multiple orders of magnitude.

In my opinion, this strategy is interesting not only because it makes your portfolio more sexy. It also opens up a new universe for retail investors like us in terms of exposure to blue chips. Some of us might never buy Maybank in our lifetime even if it trades at attractive valuation of RM7. But if you add some Maybank Call Warrants to your mother share exposure, then Maybank suddenly looked red hot sexy not a bad idea if you have spare cash and Maybank is trading at RM7.

Window dressing is near!!! If you are not a risk taker and yet a little bit greedyyou can reduce the ratio. Instead of 1 Call Warrant per mother share, you can probably have 0. Choose a combo that you are comfortable with. Last but not least, I would like to point out that Call Warrants are not the top choice. If the stocks that you buy have normal Warrants with expiry of more than one year, always choose them over Call Warrants.

Sat, 4 Mar I bought some Jaks at end of at approximately RM1. The group has a huge overseas construction contract in full swing. It is very likely that profit will be strong in Since the beginning of this year, Jaks' share price has been going North.

By mid February, it has reached approximately RM1. At around the same time, Mr. The market went crazy and many investors jumped in to ride the bandwagon. As we drew closer to end of February, I waited nervously for Jaks' result. I expected result to be good, and share price could continue to move upwards. To everybody's surprise, Jaks announced a huge loss. The company explained that profitability was depressed by deferment of revenue recognition of certain works completed.

There were also some kitchen sinking. I hold the belief that the proof of the pudding is in the eating. Namely, I don't believe in PLCs' sweet and flowery words, I judge them by their ability to deliver. If your result is bad, I don't like it, irregardless of what you said.

My initial reaction was to dispose of my entire shareholding the next day. After all, my cost was low and I should be able to escape relatively unscathed. However, after a good night sleep, with a fresh mind, I began to doubt my original decision. The whole episode sounded very familiar. Few months back, a similar thing has happened to Gadang. Gadang had been doing well inand everybody was anticipating strong performance going forward. Few weeks before announcement of result, Mr. To everybody's surprise, Gadang released a set of horrible result.

Many investors, including me, dumped their shares in a panic. Gadang subsequently became an outcast, everybody was pessimistic about it. Few weeks after result, Gadang listed its free Warrants. Nobody bothered to buy. The warrants together with mother shares, traded at depressed level. But in the subsequent quarter, Gadang announced a sharp reversal of fortune, with earning back to all time high. The stock shot up, dragging the warrants up with it. Whoever bought the warrants earlier on laughed all the way to the bank.

Whatever happened to Gadang, there was not sufficient ground for me to start suspecting. It could be just a coincidence.

There is a very fine line between intellect and paranoia. I can't simply jump into conclusion every time things don't go my way. However, if similar thing happened the second time, my alarm bells started ringing. Maybe I shouldn't be selling after all? On that fateful morning after Jaks announced its lousy result, with one hand holding a coffee mug and another hand my mouse, I went against the crowd and started buying aggressively while others rushed for the exit.

At the end of 5 minutes frentic buying, I tripled my shareholding at average cost of RM1. My decision later turned out to be correct. Jaks' share price went all the way back to RM1. I don't write this article to boast about my contrarian move. I wrote it to discuss my perception of how certain events had transpired.

I don't expect everybody to subscribe to my view. But I do wish that this article can sow a seed on my readers' mind such that in the future if similar thing happens again, they will be aware of the possibility that it might not be as straight forward as it looked.

Hopefully, this will help them in their decision making. Sun, 19 Feb I believe many people are already very familiar with SAM. In the past two years, SAM secured new contracts from Boeing and Airbus, resulted in increase in order book to RM3. To cater for the higher demand, SAM is investing RM mil in a new manufacturing plant in Penang, which is expected to start generating profit in When come to investing, I am a bit kiasu. I prefer to enter a bit early rather than chase when the stock runs.

As such, over past few weeks, I have started accumulating. Hopefully Durians will start raining in However, from June onwards, earnings had weakened markedly. I noticed the followings: I would like to find out more about this division. Aerospace division continued to be weak both in revenue as well as margin. This single handedly pulled up entire group's performance. Management attributed that to better product mix.

But I doubt the performance is sustainable going forward. Thank God that was not the case, otherwise I wouldn't have the opportunity to build up my stake recently. It seemed that the group has exhausted its tax credit.

But the recent RM mil capex should result in lower tax rate going forward. For example, over past 12 months, total revenue for aerospace division was only RM mil. What is the implication? The implication is that the RM3. According to this article by The Star, SAM's new plant will start generating profit in Despite being a supplier to Boeing, I am not very concerned that SAM will fall victim to US protectionism.

Firstly, protectionist measures are easier said than done. Apart from Trump's threat of punitive tariffs for US companies that close down factories and move jobs overseas, Congressional leader Paul Ryan is promoting a Border Adjusted Tax whereby import will be taxed while export will be exempted. However, to date, these proposals had not gained widespread support. They will face serious objections from various US interest groups.

Even if they eventually take off, US' trade partners especially Europe and China will not sit idly and do nothing. Most certainly, they will retaliate by imposing tariffs on American products.

Secondly, even if there is a Border Tax, Boeing as a major exporter, will benefit from the export tax exemption. This should allow it to absorb the higher cost arising from the import tax. Boeing is one of the very few American export success story. I notice that many investors do not like to take position too early. There is merit to that practice: However, I believe it comes at the expense of lower safety margin.

If you only start chasing a stock when it starts running, you expose yourself to bigger downside risk in the event of negative development such as earning disappointment, etc. I am the kind of investors that prefer to enter a bit early. If SAM's earning indeed spikes inI believe stock price might get re-rated as early as September By buying now, I am acting just 6 months earlier than everybody.

For me, an extra 6 months wait is nothing when come to investing, especially if I am very bullish about the stock. I have high expectation for SAM. The group has set a target of RM1 billion revenue by The bulk of the increase will be from the aerospace division, the revenue of which is expected to increase from estimated RM mil in to RM mil by I expect aerospace revenue to be somewhere in between probably RM to mil. That should result in a huge jump in earning by next year. I am hoping share price can reach RM7, 10 and 15 by end of18 and 19 respectively.

Mon, 9 Jan I first wrote about Chee Wah in November Chee Wah is principally involved in manufacturing and sale of stationery products under the brand name Campap. As such, it is a beneficiary of strong USD.

One thing I like about Chee Wah is that it has limited exposure to US, which makes it not so vulnerable to protectionsim by Donald Trump. In December quarter when average USD was 4. Because of that, I believe coming quarter result will be very good. As pointed out above, I found Chee Wah an interesting export play because it has very limited exposure to US. As we all know, the new President is making noises about Buy America First. The coming quarter result should benefit from strong USD.

However, as usual, I don't have insider information. Your money your own decision. Wed, 4 Jan I am happy to announce that my blog achieved 10 million page view today. What is notable is that certain of my recent articles achieved more thanpage view. Home Market Buzz Stock Quote Price Target Portfolio How to Invest Member Services. Icon Gossips About Stocks Author: Like Social Forum Comment. SALAM Congratulations for your achievement and appreciations for your sharing.

VenFx Icon bro, good job Great contribution to intellectual development in i3! Give u a like n thumb up! Hanson Ng Good man! Teresa Clementine How do i view icon blog. Since they earn from adsense. Keep up with the spirit. Icon Careplus - A Potential Multi-Bagger Author: VenFx Good pick on Penny glove Hua Joshuaayoung this counter is potential merge by golve taiko espeically topglove. Jay It's in a good industry riding on the giants' big name. Top Glove and Hartalega never have to resort to such stuffs.

I just wanted ato know who is the owner, are they credible, are they honest people. To be management is everything. Flintstones Icon sifu, this CEO can trust or not? I can also blow water with the media I have this installed capacity in future but whether it will come true or not seems like a risk.

Cockcroach The MD is reliable. I say this because i have bought this counter years ago till its bonus issue and had been following their developments. May buy tmrow at Or else buy 38 cents, no harm. Cockcroach This counter is not a popular one lah. It has been dead for many months until they made a turnaround finally. Earnings improved also get condemned. Helpful for me to pick up at a slightly low price.

Earlier I overl looked Icon's write up and recommendation. Now proving that they are genuine sohais waiting to pick at a very low price ha ha ha. I've done thorough studies on the company's info, financials, industry prospect, shareholding analysis and management team analysis. I decide to buy tomorrow and I have a high TP on this stock.

Thanks icon for sharing. I have made my first bucket of gold with the stocks you recommended. If there's a chance, Icon ps: If you don't mind, perhaps you can share your email address to me here. I'll send you an email: Now wanna take credit on jhm. What so unique about their gloves that people buy from them instead of top four. Kossan, top glove, harta, Supermax. I believe they also can do what carepls did.

And perhaps do it better and cheaper. Power of compounding will make it possible for many to overtake you. We have to admit that he has been contributing a lot in the i3. I have lots of respect for him. My first post here wasn't even negative. This is larger than even its paid-up capital. There may be a good reason for this, otherwise it sounds problematic and even suspicious.

I brought up unusual stuff here because Careplus is the subject here, not Eversendai. It's not double standards as I've not even looked into the latter. To put it into perspective, my view is Icon writes excellent analyses.

This thing cannot happen in the glove industry. Moreover, amount owing by related company is worrying. Respond to your amount owing by related company, that is not borrowing, but the sales to related people. In simple words, it's same as trade receivables, they sold to related parties, for transparency purpose, it's being recorded in that way.

Please read PAGE 87 in Annual Report This company has bright future where the recent record high profit mainly comes from CORE EARNINGS. Valuation wise, annualise latest EPS, PE is at 12x at 38 sen. For big glove players, industry PER is between 23x to 28x like Topglove, Harta etc. For small glove companies, the PER should be around 15 - 20x. Assume PER 15x, at annual recent EPS, the share price should be at RM0. It's a no-brainer buy at this level. Icon maybe you and aseng same person?

Icon Crest Builder 3 - The Last Construction Stock In Bursa Not Re-rated Author: But please don't worry. The bulk of the borrowings are related to the UiTM concession. They are backed by long term revenue stream from government and has no recourse to holding company. You might be pessimistic about property. But Crest Builder's major future projects are all located closed to LRT stations.

No brainer trades forex factory

That put them in a different league and better position to pull things off. Please refer to my previous article for details. It has yet to go ex. That means the effective price now is only 94 sen instead of 98 sen. I believe a PER of 10 times is reasonable. Apollo Ang cheaper than the cow dung gadang for sure. Its wb was reduced to dust in its last trading days. Present price must have bottomed out. It has all the sure ingredients needed for turning around and profit growth going forward.

Saw someone was blocking at 0. Bought some at 0. Icon Lion Industries 3 - King Of The Jungle Author: Need to spend some time to figure out its exact business process. Ahbeng11 Hello, icon, what does mgo means? Ming Jong Tey Good stuff Icon! A demerger will make shareholders happy: Andry not a good recommendation, only ruin your own reputation. Ryan88 Time to sell and avoid this counter thanks for this article. For those profit companies, below NTA is the most valuable to invest.

Additionally, low PE 8. I will all in my money: Icon The Real Reason Why AAX Cannot Make Big Money Author: Mini Bull also becausei love crazy chart. GoldenShares ha ha ha, ' like that also can '. That's a good joke! IamGoogle Haha, joke of the day, thumbs up! Unicorn U know what. My birth date is January I bought rm50k JHM in May at 0. Now it is worth how much? Never bought back since then. MrPauper Stock code in chinese also sounds like Not Easy To Live And Prosper.

Chean Yeh so agree with icon sifu. StylicZ I like this article. Icon When Weather Is Unpleasantly Hot, Google For El Nino Author: KLCIraider Thank you for sharing icon VenFx I'll call u Egg buffet when U invested the Dragon EGg in my duncheon.

Albukhary Can icon sifu explain whether El-Nino is good for plantation stock or not? OptimusCallShitBaba same old story again, Calvin promoted oil palm stocks years ago because of El Nino, price correctly up but production dropped hugely at the same time, making all oil palm companies bleeding like hell. El Nino is not a blessing but it's a curse.

Calvin think you should study this chart very very carefully: Of course, don't put this one in your competition stocks, move like snail. Icon Lion Industries 2 - RHB Initiated Coverage With Target Price of RM1. Icon I got reports from every where accounts with several brokers Tan Siong Khoon Why most of the analysis didn't cover it's subsidiary company Parkson which may affected Lionind's earning.

Lionind still need substantial amount of scrap metal unlike Annjoo. And as pointed out by LeoTing, the current inventory of m is not enough for Lionind. I think ur analysis and LeoTing ones are much much more informative and quality. Icon Sam Engineering 3 - Excellent Results. All Divisions Doing Well Author: If I buy and lose money got money back guarantee?

Henry Tan Chor Heng newbe99, srsly? JN88 Icon bro, long time never see you find new gem ady what happen?

How to buy wo I guess good result almost discounted. Ahbeng11 Plus dividend going to annouce on june. We will see tomorrow. This quarter, the results more normalised and as you say, anticipated by the market. But it is difficult to bet without more information Ryan88 Icon promote so many counters like betting in Casino?

My message in this forum has been consistent. If everybody wants strong Balance Sheet and low PE I call them, left overs, I purposely want to touch the 3 musketeers because it is more challenging to me. He has to be a miracle worker to built up the Sendai empire in 15 countries15, staff. He is very hard working, and right now, very bullish about its prospects.

KYY is right to target Sendai. If OTB is collateral damage, that is not my concern. Not worth to invest. Tee Tom We can see Sam is expanding the factory beside north south highway near Penang bridge. Want to know why? Ask his mother lol stockmanmy forget OTB, Now jump into steel waves? Icon YKGI Holdings - Conditions Are Ripe For Turnaround Author: I think the significant compression of the CRC segment margin of Mycron was masked by the improvement on its Steel Tubes segment.

Now that the CRC segment margin had improved as reflected by YKGI Mar17 results, Mycron's earnings should double its preceeding qtr results assuming its Steel Tube performance remains the same. I am just curious why its revenue did not increase despite the rise in steel price iron ore? StocksWatcher Nice article and pick up, Icon Chart wise, YKGI is forming support at 0.

Few weakness came in along the way but the support holds firm till now. In fact, there is some higher than avg vol being traded today but unfortunately, it failed to have a nice closing at 0.

Having said that, vol done from 0. VenFx As a major Steel services providers in E. Sold off SNU kote paint to KTC ; perhaps bring in more value adding to the existing steel segment. Musangfoxk1ng Icon, how about SSteel? U did'nt write for it??

Japanese play, Sarawak play, steel play, turnaround play. I prefer Hiap Tek because its turnover is about 3 X larger. Squirtle Brother Icon picks usually keng chao.

Squirtle Will fly if can break 27c. OptimusCallShitBaba Now only want to cook, too late lah lol. Ryan88 Icon picks and article promote method can not works in GOreng market this year Many good companies underperform, and many bad companies over perform. KLCI King expired already, no more magic. Isn't this the typical practice in the industry? Icon In the annual report, it was mentioned that if product price too high, demand will come down for example: As such, the manufacturers will have to absorb some of the cost This is my understanding, not sure whether correct or not.

Blacksails Don't pick Vincent Tan stocks becoz many investors boycott him. Serious investors all know this fact. Blacksails Not saying YKGI is Vincent but BJcorp is. Icon Lion Industries 1 - Top Pick For Steel Recovery Play Author: How would that benefit Lion Industries?

How about some Lion Premium, huh?