^V^
I hv rec'd another share investment book from d same fan again last week, he told me that Dr Neoh Soon Kean is also using LOW PE like what i did for his share investment ! ( Read d attachment ). Dr Neoh said : we do not recommend d purchase of a share at PER of much greater than 20 in normal circumstances.
Look at d attachment, see how they use 5 years average PE to calculate its fair value ?
See ? this is how share expert values shares ! Hv u seen shares experts like WB, TTB, Dr Neo, cold eyes uses TA for their shares picks ? they hv say b4 hand proven track records, bear in mind ! not talk after hand stories !
CYT, our masteel is coming slowly but surely , 1 : 3 bonus issued on its way.. i forsee there is great upside potential 4 her to grow in near future, those who still holding masteel : Hold ^V^ now u shld know y I still hold on to masteel after d big chop of my portfolio in Feb !?? Masteel is under commodity , @ 1.47 u r buying masteel @ PE 4+ !!! commodities r booming now.. how water liu liu she is @ anything below 1.50 !! besides Masteel.. dont forget another steel counter :- Huaan @0.73+- also.. zero gearing n cash kow company traded @ PE 7 +, red chip from mainland with huge vol traded lately, not a gem 4 short n mid term hold ? u tell me lah ^V^
as for XXXXXXX, ha ha..expected lah..told u guys already..only matter of time but still I dont think it will touch 8.00 b4 it get XXXXXapproval from government.
102 comments:
Sifu Sam,
I js finish reading "cold eyes" book on last week. Thinking back , i shld adopt FA method more earlier and to set my target to be milliondollarman by share trading but not only to earn pocket $. Luckily i come to your blog which stress a lot on low pe and future eps growth and stocks selection.
Thanks a lot!
learn lot from ur blog
keep it up!!
learn lot from ur blog
really good blog
Goldman saying Oil reach USD150-200 is possible in 6 to 24months. OMG!! But don't worry lah, we won' be able to see it touch USD200 because recession probably already arrive.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayxRKcAZi630&refer=home
Sam...
Left a note to include me into yr mailing list yesterday. It's been a while since I last visited this blog. Good to see it's active again.. especially you.
My e-mail as follows : myke8888@gmail.com
Kindly revert. Thanks.
Hi All,
My sharing here ... I read it from STARBIZ. And really salute to Sam after I read it.
Title : Ways to evaluate a company
Some investors may be wondering, between return on equity (ROE) and price earning ratio (PER), which method is more suitable to value a Company.
According to John Neff, ROE is regarded as the best single measure of managerial performance because it shows the management's ability to generate profit from the capital it employs. It is the ratio of the net income to shareholder's equity.
Warren Buffet said a good business should be able to achieve good ROE without employing high debts. Companies with high gearing are vulnerable to financial risk during the economic downturn and high interest rate environment.
Besides, any future investment plans should be funded by internally generated cash flow without having to call on shareholders to contribute. Unless the return generated from the shareholder's money is greater than ROE, it will show lower shareholders' returns as a result of the enlarged share capital.
One of he biggest weaknesses in ROE method is that it does not take into account the current price of a share. A good company may show high ROE but its market price may be reaching all-time high. Hence, any investors who are solely dependent on the ROE method may be purchasing a stock at a very high price, which does not provide investors with margin on safety (MOS).
PER is defined as the market price of a company divided by its earnings per share (EPS). The principle behind this method is concept of payback period. This ratio tells us how many times the price is greater than the annual earnings of a share. For example, Company A is currently selling at a PER of 15 times. This means it takes 15 years for an investor to get back his returns through the company's annual earnings, assuming that a company will produce the same EPS during that period.
PER : Higher or lower?
A higher PER implies that it takes more years to get back your returns from the company's earnings. Based on the academic view, a higher PER is better than a lower one because this implies that investors are willing to pay more than the normal market PER.
The potential of high growth in a company's business and earnings would lead investors to believe that a stock is still cheap although it may be selling at a high PER. A lower PER for certain companies may imply poor reception from the general public or that investors may be worried about its future earnings. As a result, investors are not willing to pay more than market PER.
Nevertheless, in practice, analysts will say that a lower PER is better because it implies that the company is undervalued and cheap at the current valuation. So which view should we follow?
In an efficient market, companies that are selling at a higher PER are better than companies with lower PER.This is because when the market is efficient, the current price will reflect past, current and future information.
In Malaysia however, most academic researches have concluded that our stock market is not efficient, which implies that the current stock prices do not reflect all information.
Hence, there may be some potential past or future information that not fully reflected in a stock's current ptice. Given this, it is quite possible to find some undervalued companies on Bursa Malaysia if we select with low PERs.
Select stocks with low PER, but ... First, we have to understand what causes a company stock to be sold at a low PER, where the market price is lower relative to its earnings. An unduly low price for a company may be due to the market's failure to recognise its true earnings picture and potential. In this case, the company's PER is usually far below the market PER.
However, not all stocks with low PER imply good value for investing. As mentioned earlier, sometimes the cheap valuation may be a true reflection of certain negative aspects of the company, for example, poor corporate governance, high gearing, uncertainty of future earnings and or it is facing litigation.
However, as a result of asymmetric information, not all investors are fully aware of the market's worries.
Hence, the necessary knowledge, skills and market information play a very critical role in analyse companies in detail and identifying those that are truly undervalued based on fundamentals.
Sam, you pay such attention to detail!
Hi keep six or sou lok DET, woww.. good homework done wor ! dun play play ha ha...
***
A higher PER implies that it takes more years to get back your returns from the company's earnings. Based on the academic view, a higher PER is better than a lower one because this implies that investors are willing to pay more than the normal market PER.
***
Really ???
Higher Per implies that investors are willing 2 pay more than normal mkt PER ??
4 me
1) Pay more than higher PER means they r paying higher than d mkt price ! ( Expensive)
2) How sure r u that high PER compnay will produce high future earning ? is that 100% guaranteed ? all these r forecasting only .. what if d coming result does not meet d expectation ?
3) Never discount that there r manipulation , price fixing , speculation factors contributed to its High PER , hence high PER implies of high earning prospect does not stand at all !
come back 2 Low PER , yes.. sometimes too Low is not a good sign also, 4 example Megan which was traded @ PE 2 last year ! But we can avoid it by checking thru its gearing ratio, cash flow n nett current asset from its financial statement . hence , buying a Low PE stock is still a safe n fruitful bet if u hv done yr homework well.
2 all, besides d XXXXXX, there is another bluechip worth 4 consideration.. stay tune n i will email 2 u guys 2molo ^V^
to Keep 6 , so late still not kow kow g yet ah ? why ? cannot sleep meh ??
gd nite ^V^
US market is heading towards unreasonable trend ... Fannie Mae made a 5fold increase of credit and derivative losses of USD8.9b but the market was so happy celebrating it and push her share price up 8.9%????!!
Better pay extra attention to protect your hardearned capital. This unreasonable trend could be reversed anytime. Especially with the threats of CO at USD122 and food crisis.
Sam..
New to the share investment scene. Recently bought some shares along the downward trend after te March General Election. Mainly blue chips coz had not managed to done much homework yet. Got to know your blog from a friend who has been following you since OSK days.
Sad to find out that you no longer disclose your complete analytical process here like you did last time. Wonder if you could add me to your mailing list. Need to pick the brain of an stock expert and study the thinking process to ensure I get a good start on the long long journey of share investment.
If possible, here is my email address - wklim98@hotmail.com
Thanks.
Guys, still remember my 天時, dili n 人和 ?
When come to which counter to put yr money on ? volume plays an important role ^V^.. d current theme now is commodities, steel counters r hot cooking, look at ssteel n its latest QE !
Masteel already moved..huaan volume getting bigger n bigger !
from d results of ssteel, we can see that all steel counters will produce good results in d coming qe, huaan n masteel 's qe will be out by this month , what do u see from here ? ha ha..yr guess is as good as mine ^V^
Huaan..low PE, zero debt , cask kow , IPO 1.00 n it is a red chip counter. by crook or by hook..i am confident it will climb above 1.00 in time 2 come.
FYI, I hv bought in another 20 lots @ 0.74 this morning .
Cash vs shares ratio is now stood at 0.88 to 0.12 .
Hi Sam,
Just like others I'm one of your silent supporters and appreciate your FA knowledge.
Pls add me to your mailing list as well. Thx.
alvinchew98@hotmail.com
Hi Sam,
Always awating for your posting and now you have new post!
Thanks for the greatful analysis and guidence you have provided all the time to all your supporters, although I am one of the silent one!
The market now seems like luring the investors to become optimise again, but the actual environment seems like a symbol to another tsunami? Finger crossed.
I would be much appreciate if I have the pleasure to be included in your mailing list. If I do, please add me :-
aideguli99@yahoo.com
Thanks and alll the best!
Hi Bro Sam. Still can buy HUAAN at current price 76sen. Need to hold how long and what is the target price ?
Bro. Please add me into ur mail list too :- tenfook@gmail.com
Thx bro.
Dear sifu,
Please add me into your mailling list also. kam sia.
cebtrix@gmail.com
^V^
Hi guys, our Blue XXXXX meets d below requirement ^V^ n d coming bluechip XXXXXXalso
>>
***
Picking stocks with long-term prospects
Personal Investing by OOI KOK HWA
This first of a two-part article looks at the criteria for selecting the right stocks
Q: I don’t know how to select the right stocks for long-term investment. Do you have any systematic way for stock selection?
Lately, readers have asked us whether there are basic, systematic ways to select stocks for long-term investment. We find that it’s quite difficult to answer this question as there are many ways to pick stocks. Different fund managers have different methods of picking the right stocks for their funds.
Even though there are no short cuts in screening stocks, we can broadly group our selection according to seven criteria, namely SGPDBHM. “S” stands for sales, “G” – growth, “P” – price-earnings ratio (PER), “D” – dividend yield, “B” – book value, “H” – health and “M” for management.
In this article, we will look at the first four criteria: sales (S), growth (G), PER (P) and dividend yield (D).
S – Annual sales of at least above RM500mil
Our first criterion is to select companies that have total annual sales of RM500mil and above. The main purpose for this is to select big companies for investment. Normally, a company with total sales of above RM500mil is considered well established and is less dependent on its owner.
In most instances, it will be one of the market leaders commanding a certain market share in its industry. Although we are not saying that companies with annual sales of less than RM500mil are not good for investment, less established companies face stiffer competition and have more uncertainties in their future compared with more established companies.
This explains why the majority of our research houses prefer big companies to small companies. At present, if you are holding shares in a lot of small companies (although they have good fundamentals), the majority of them are not performing in terms of stock prices despite the current high stock market valuations.
This may be due to the same worries as well as analysts not paying much attention to those stocks.
G - growth in sales
We need to select stocks with strong sales growth. Higher growth in sales implies that a company is expanding fast.
According to Benjamin Graham in his book entitled “Security Analysis”, a growth company’s business can move faster than its stock price.
Given that our returns depend only on capital gain or dividend income, if a stock never pays any dividend, we need to make sure that we can get capital gains from the stock.
Unless we are able to catch them at cheap prices, we need to make sure that the company has very strong sales growth.
Higher sales will contribute to higher profits and higher stock prices.
P - Low PER stocks
To get a high margin of safety (MOS), we need to find stocks with low PER. For a stock that has a PER of 20 times, you would need to wait 20 years to get back your money, assuming that it can achieve the same earnings per share (EPS) over the next 20 years.
Hence, we should select stocks with low PER, especially lower than the overall stock market or its own industry average.
Given that the current market PER is about 15 times, if you can find a stock that is selling lower than 15 times, we can say that it is selling at a cheaper valuation than that of the overall market.
D- dividend yield of at least equal to fixed deposit rate
A good company needs to pay dividend. We believe this is the best way to rewards shareholders.
There are some listed companies that are making good profits but refuse to reward their shareholders with high dividends as they claim that they need to retain the profits for future expansion.
However, we believe “a bird in the hand is worth two in the bush”.
There are cases where companies are able to generate good returns from every dollar that they retain, but in most cases, some fail in their expansion programmes. To retail investors, there are too many uncertainties over returns from these investments.
We believe that companies that are unable to reward their shareholders with good dividend need to reward them with higher stock prices.
According to Warren Buffett, this is called the one-dollar premise, whereby every dollar that the company retains needs to translate into one dollar in stock price.
Given the present weak stock market, if a company is able to provide a dividend yield that is equal to the fixed deposit rate of 3.7% will attract investors to put their money into their stock instead of in the bank.
>Ooi Kok Hwa is a licensed investment adviser and managing partner of MRR Consulting.
u can see more n more analysts started to stressed on Low PE now ! ha ha.. dont tell me it is bcos of me..ok ? ha ha
Still think that high PE stand 4 high earning prospect ?? calling 1..calling twice GOOOOOOONGGGGGG !
Done !
***
Given that the current market PER is about 15 times, if you can find a stock that is selling lower than 15 times, we can say that it is selling at a cheaper valuation than that of the overall market.
D- dividend yield of at least equal to fixed deposit rate
***
^V^
read d above statement, sound familiar isnt it ? didnt i posted that b4 ? PE 15 = 10 years FD rate ?
1/15 = 6.6% !???
That XXXXXXX n 2XXXXXX r both under PE 15 esp d first one...
annual sales >500mil ? YES !
Good dividend yeild ? used to be , n believe to be doing so ^V^
Ben, d XXXX that i told u today, doesnt it fall under his requirements ? ha ha...
Bro, you know, by mentioning my name without disclosing XXXXX, your followers will be waiting outside of my house. ^_^
iayahhh ben , what to worry ? who knows d one waiting outside is leng lui Lin chi ling or maggie Q leh ?? ha ha..
u ding u ding !
hey sifu sam..
kindly add me in your mailing list too: czandylau@yahoo.com . Really appreciate all your guidance. In fact I'm still holding Masteel, Onastel and LionDiv because I am confident that you are right.
After flying results announced by ssteel, here comes Anjoo's 1st qtr earning jumped > 200% !!
What do u think of masteel n Huaan ? their qe will be out by this week ! can u smell it ???
Like stephen chow said :- siu kai yik , ngo choong yi sik !
yum yummmmy
Sifu Sam
How does Ornasteel fare comparing to Masteel? Can fly soon? What's your opinion?
Thanks a lot.
Sam, tq for your explanation. I totally agree what you said.
Hope your post can always shed some light to me .... who is on the dark side of the moon.... just like what you posted today, I learned a lot ---> That's what I like it... aha aha.. :D
Please help out if you could. TQ
From: Malaysian Buddhist Solidarity Group [mailto:mbsg2007@gmail.com]
Sent: Wednesday, May 07, 2008 11:27 PM
To: Loka Ng
Subject: Malaysian Relief Fund for Myanmar
The Malaysian Buddhist community started to response to the natural disaster in Myanmar. I was informed by Most Venerable B. Saranankara, Chief Adhikarana of Malaysia that a team will be going to Myanmar the earliest possible to survey and have a better understanding on the needs required. The Tzu Chi Buddhist Merit Malaysia will be despatching their team too.
In the meantime, the organisations below are collecting funds and some also accepting foodstuff etc to help the cyclone victims in Myanmar. Please circulate to all your contacts to support these relief efforts.
1. Buddhist Missionary Society Malaysia
Donation may be sent by post to Buddhist Missionary Society Malaysia, 123, Jalan Berhala, 50470, Kuala Lumpur. Please make all contribution by cheque only made payable to "Buddhist Missionary Society Malaysia." Please write "Myanmar" behind the cheque.
2. Young Buddhist Association of Malaysia
All cheques are to be payable to "Young Buddhist Association of Malaysia". Please indicate "Myanmar Relief Fund" at back of the cheques. You may bank in the cheques to YBAM Public Bank account: 3063802219 and send the bank in slip for our record at YBAM Secretariat, 9, Jalan SS25/24, Taman Mayang 47301 Petaling Jaya, Selangor.
3. Subang Jaya Buddhist Association
Lot PT 12593, Jalan Kewajipan, SS 13, 47500 Subang Jaya, Selangor D.E.
Please donate dry foodstuff (noodles, biscuits, etc), canned food, mineral water, medicine etc. at SJBA for us to send to Myanmar. Cash donation is also welcome.(Tel: 03-56315299, e-mail: sjba@streamyx.com)
4. Buddhist Maha Vihara
123, Jalan Berhala, 50470, Kuala Lumpur.
Please take note the organisations above will have their respective arrangement to forward the funds or foodstuff, medicine etc to Myanmar. You are advised to donate directly to the temples/association and request for receipt for every donation made.
--
With Metta,
Loka Ng Sai Kai
Securities and Exchange Commission said it will require Wall Street firms to disclose capital and liquidity levels.
It is good to see SEC is taking proactive steps rather than reactive steps taken by Fed to prevent further melt down of US firms. Believe more firms are to be bailed out by US govt in 2008 because no reasonable ground showing housing prices has stop dropping. Still the same word, protect your capital is the first priority. ^_^
Hi sifu Sam,
Can you add me into your list - mydot168@yahoo.com
hi, sifu sam,
I am a silent follower of you. Please add me to your list.
mydot168@yahoo.com
TQ
Hi, sifu sam,
I am a silent follower of you. Please add me to your circulate list.
mydot168@yahoo.com
TQ
MYANMAR DISASTER RELIEF DONATION
http://www.ybam.org.my/cms/shishidongtai/wengao/117.html
hi sam,
i am 1 of your silent follower as well and very much enjoy your sharing. pls pls pls include me.
my email address kychin75@gmail.com
thousand thanks
cky
Hi Sifu Sam,
I'm your silent FA supporters, pls add me to your mailing list. Thks.
kunwi.ng@gmail.com
Hi Sifu Sam ,
I'm your FA silent supporter, pls add me to your mailing list. Thanks.
kunwi.ng@gmail.com
Hi Sam,
I would like to learn more from you. Please add me to your mailing list. Thanks!
My email address is xingzhimeng@gmail.com
Dear Bro,
Kindly add me to your mailing list. I bought Huaan at 0.755 yesterday. Your generosity and experience will help many people wanting to make some money investing in this tricky bursa.
lgcsdv@hotmail.com.
Thanks
I am ur follower.
I would be much appreciate if I have the pleasure to be included in your mailing list. If I do, please add me :-
yhkie87@gmail.com
Thanks and all the best!
华安国际营收料创记录
赖微夷 报导 biz@orientaldaily.com.my
尽管经济学家对中国在奥运后的经济状况众说纷纭， 但中国的经济并没有放缓。基于中国庞大的钢铁需求及拥有丰富的铁矿石资源，焦炭价格将会逐步上升，这将增加华安国际的净利，分析员任为，08财政年会是该公司营业额创下新记录的一年。
“数字不会说谎”，中国经济成长不变，首季国内生产总值10.6%,成长预测，许多经济学家也开始上调该国08年国内生产总值成长预测，至10.3-10.5%。因此，中国经济并没有显示放缓迹象，钢铁需求继续增长。
同时，中国钢铁的生产逐渐恢复。钢铁，铁矿石及焦炭的生产，5年的年均夫合增长率，分别为17.3%，22.1% 及18.9%，这预料会再持续两年。
目前继续刺激钢铁高需求的因素就是高油价，令全球的建筑工程大热，从而激励了全球钢铁高需求。因此，虽然美国面对衰退的阴影，但钢铁生产仍卯足全力，其他区域国家会快马加鞭进行发展。中东，加勒比海，南欧及亚洲都因为高油价，而进行更强劲的经济活动和基础建设。
分析员指出，这些都对华安国际的影响甚大，将加强公司的净利表现。不过，该公司最大的原料 - 烟煤(bituminous coal)的价格上升了37%，焦炭也涨了40%。这将带动公司的赚幅扩大，但该公司目前仍采守估计，维持与07年相同的赚幅，作为08年盈利的指南。
目前，最重要的是该公司及时进行扩充。该公司已完成了首次的扩充计划，即建立炭洗设施，并在去年5月投入运作。该设施能够生产更多不同的产品，07年的营业额按年增加16.7%。
此外，该公司也完成了治金焦炭产能的扩充，预测生产量将从目前的120万公吨。目前，该公司正进行熔炉探测的工作，预计会在今年6月投产。好消息是，多出的60万生产量，已获得现有顾客的订购。因此，分析员认为，该公司会继续使用100%的产能，不单是焦炭能上升，产品也会逐步增加，所以并不需担心产量过剩的问题。
在08财政年，该公司的营业额将创纪录，搭上10亿令吉的行列，因为该公司预测增加50%的焦炭产能，可让08财政年的营业额超过10亿令吉。在08财政年，该公司只享受到产能扩张的50%盈利贡献，直到09年才带来全年的盈利贡献。
无论如何，分析员表示，安华国际无法像其他在新加坡及香港上市的华人公司般，获得较高的股票溢价。
钢铁在中国市场，是以08财政年14倍本益比的高水平交易，香港为16.7倍，大马只有8.45倍。根据该公司08财政年每股盈利13.6仙计算，合价为1.15令吉，投资评级为“买进” 。
*** Ceiling price for steel abolished ***
wowww..det... u fatt tatt lorrrr ! ha ha
4 those who bought huaan @ 0.71+ or 0.73+ ha ha... let me show u how 2 calculate its fair value conservatively !
based on :-
钢铁在中国市场，是以08财政年14倍本益比的高水平交易，香港为16.7倍，大马只有8.45倍。根据该公司08财政年每股盈利13.6仙计算，合价为1.15令吉，投资评级为“买进” 。
They said PE 4 steel in china ard 14, HK ard 17 , msia around 8.45 , k... last year eps 4 huaan was 12.11 cts.. yesterday closing price at 0.77 , its pe is now stood at 6.4 , well.. if we take msia PE of 8.45 which is d lowest among all , u will get 12.11 x 8.45=1.03 , BUTTTTTT..dun 4get 12.11 is last year eps , d coming year is definitely much much better than previous year due 2 shortage of steel + sky high steel price , hence i would say EPS 4 huaan in year 08 shld be ard 20cts easilllllllly !
now calculate its FV based on 20cts.. 0.20 x 8.45 = 1.69 $$$$$, bear in mind , i am using d lowest PER of 8.45 , HK n China PER r all above 14 !! see d MOS here ??
Dun 4get oso Huaan is traded at price below its IPO of 1.00 , gearing zero !!
What to worry if u bought Huaan anything below 0.75 ???
2 alan yong , yes i am still keeping my 30 lots of masteel@ cost of 1.47 , not a single lot sold since i bought it in month of Feb , once again..hv u seen me using TA 4 my steel picks ? now u realised which one is better ? TA or FA ?
Stephen chow said :- Justice ? my FOOT !
uncle sam said :- TA ? my FOOT !!!
Hi Sam,
Do you think the P/E for the local steel industry will be reappraised as now it has been liberalized?
As for HUAAN, do you think there is a possible risk that it might reduce its production. Because the coke industry is facing surging raw material price (coking coal) as well as shortage. Do you think that its profit margin is sustainable?
山西省的焦化企业准备在5月份开始限产30%。据了解，河北、山东两省的焦化企业在5月份也可能限产30%。
(Source: http://www.todaysteel.com/news/s33t41n611999.html)
Hi sifu Sam,
i am your silent follower, please add me into ur mail list. My email is shylinfu@hotmail.com. After read your blog on 6th May, i quickly bought 5 lots of Huaan:) Thank you very much.
Hi sifu Sam,
I am your silent follower, please add me into mail list. my email address is shylinfu@hotmail.com. After read your blog on 6th May, i quickly bought 5 lots of Huaan:) Thank you very much.
ah sam-khor....
Currently in Hanoi at the moment. Working trying to earn living.
From blog i hear go some alternative good news to counter XXXXX. Can share the alternative or not?
Lastly, thank you for tipsy on Huaan..making liao.
my email is ahlee8888@gmail.com
hi sifu sam,
i am your silent follower, can you please add me into ur email list. my email address is shylinfu@hotmail.com. I bought 5 lots huaan already, thank you very much.
2 xzm, Yes i think so..after d liberalization, they r more optimistic on steel industry , hence..they might rerate steel industry's PE again n definately is more towards positive side.
as 4 山西省的焦化企业准备在5月份开始限产30%。据了解，河北、山东两省的焦化企业在5月份也可能限产30%。 wanna to know y ? read d below :-
***
By Rujun Shen
SHANGHAI, March 31 (Reuters) - China's coke production is expected to grow 7 percent this year, riding steady growth in the steel industry, the China Coking Industry Association said on Monday.
The association forecast that China, the world's top coke producer, would boost output to 360 million tonnes this year from last year's 336 million tonnes.
"China will continue to enjoy fast economic growth, and there will be a lot of demand from construction for steel," said Yang Wenbiao, secretary general of the association.
China's steel output is expected to grow 10 percent this year to 540 million tonnes, according to the China Iron and Steel Association.
Producing 1 tonne of crude steel requires about 0.6 tonne of coke, Yang said, although he noted that high coke prices were pushing steel producers to make technical innovations that reduce use of the raw material.
Industry officials expect coke exports to remain flat or edge lower this year, as Beijing tries to cut down on the export -- and thus production -- of basic materials such as coke made with highly polluting or energy-intensive manufacturing processes.
The government also wants to assure adequate supplies in the domestic market despite an incentive to sell abroad as export prices, at $350 to $360 a tonne, exceed domestic market prices around 2,000 yuan ($285), according to industry officials.
"Miners are definitely interested in exporting, facing high prices in the international markets," said an analyst at a large securities firm in Shanghai, who asked not to be identified.
Last year China exported 15.3 million tonnes of coke, up 5.5 percent from a year earlier, according to official Customs figures.
China has issued an initial 9.62 million tonnes of coke export quotas for the 2008 fiscal year starting in March. The quotas for the entire fiscal year are expected to fall from last year's 13.3 million tonnes.
Coke prices are expected to rise due to tightness in supplies of coking coal, the chief raw material input.
"Mining resources are certain to keep falling every year, while production costs and demand keep growing," said Yang of the China Coking Industry Association.
The price of coking coal, which accounts for 90 percent of the production cost for coke, has at least doubled since last December on the international market.
"The coking coal market has been very tight," said Henry Liu, an analyst with Macquarie.
"It's not like iron ore. If a steel mill has enough money, it can always find ore. But in the case of coking coal, even if you have money there's not much of it around."
The industry association's Yang added: "We can only ask coke plants to upgrade technology to improve efficiency and alleviate some pressure from rising prices." ($1=7.014 Yuan) (Editing by Edmund Klamann)
***
see ? read what he said , u got money also hard to buy it !
further more , 山东两省的焦化企业在5月份也可能限产30%。 he said 可能 only not finalised yet , even it is confirmed also.. if u chop 30 % off from its EPS , u will still get PE around 9 + , see d margin of safety here ? n also >>> this minor shortfall will only affect its next next qe which will fall on Jan 09 .
have been following your blog since quite a time. appreciate it if you could add me into your mailing list. jian84@msn.com
Sam, Thks again for explaination. I found that invest in share is an art. From share, i think i can gain a lot of awareness and learn a lot of practical theories in daily life.
I believe Sam will help out where possible BUT cannot be around to assist FOREVER... CAN YOU?? So, I hope Sam will teach/share us MORE with your experience BUT NOT just to spoon feed us .... Jangan marah yah ??!! :p ALL FROM THE BOTTOM OF MY HEART !!
DJ MARKET TALK: Sino Hua-An +0.6%; May Rise To Test 80 Sen
12/05/2008 05:27:00 AM
0527 GMT [Dow Jones] Sino Hua-An (2739.KU) +0.6% at 77.5 sen, may rise further to test 80 sen psychological resistance after Executive Director Cedric Choo says company to boost coke production capacity by 50% from June; expansion to add MYR30 million/year to earnings in 2008, 2009; adds company also planning acquisitions to fuel long-term growth; may complete planned acquisition of 49% of Jiangxin Steel for CNY1 billion by year-end; also considering buying other coke producers, coal mine. Company posted 2007 net profit of MYR127.5 million. Analysts say shares undervalued as trading at 5X-6X 2008 earnings vs other China peers trading at 14X-21X. Kenanga Research rates at Buy with 96 sen target price; TA Research rates at Buy with target price of MYR1.15. (BEL)
Sold 10 lots of Masteel @ 1.94 just now, balance left behind 20 lots , year high 4 masteel 1.95... u r advice to do d same.
swap to Huaan @0.77 4 20 lots... still qeueing
Sorry everybody,just wanna talk 2 $ifu abt badmintonlah. $ifu $am, make sure u watch Thomas cup 2nite @7pm astro channel 816. M'sia vs Korea. should b an interesting "game" coz winner will meet China n loser will meet Indonesia should these 4 teams march into semifinal. So, if both M'sia n Korea choose Indonesia, they will try 2 lose d game. I think it's better 4 M'sia 2 meet Indonesia in d semifinal, what say u $ifu?
Wow $ifu, Huaan really "Geng" 2day, got 3 lots @ 0.745 only, queing @0.76 tis morning till now... seems like impossible 2 grab it now. Thanks anyway, hope Bjcorp will b d next one...
Dear Uncle Sam,
Happy for you that earn big money from MASTEEL today!!.. Fantastic. Haha.. HUAAN lai liao!! Yummy yummy...!!
Dear Sam
bravo!fantasic achievement on your masteel and huaan.
Havent got the time to really sit down to do another perfect translation on your ideas in stock investment.sorry for that but surely will do that asap to benefit your fans and the silent newbies out there.
thankyou for showing the way though I havent make much from your recommendations but the ideas shared are brilliant and long lasting.
tanhin
2 118 , i think u r wrong, if korea lose to malayisa ..they will meet indo in semi if they can past thru denmark n china will meet againts malaysia in semi.
visit this to hv much better ideal >>>http://sports.sohu.com/s2008/5071/s256698226/index.shtml
btw, i it is gd 4 malaysia 2 play againts indo rather than china, based on past records, we hv d adge againts indo. further more, taufik n sony not at their best at this moment.
anyway thx 4 yr info.
2 Dr Tanhin, herbert n alls...I dont deserved all d credit, thanks 2 FA method not me .told u guys already, a girl with gun (FA method) is able to hunt tiger easier than a man with pillow (TA method ) , see ? once again.. did i use macd, rsi bla vlarrr 4 picking masteel n huaan ? but still i delivered ? y ? bcos i am genius ? of course NO ! tak lain tak bukan... My 天時, dili n 人和 + Fa method .
FYI, I rec'd a mail from one shit player just now saying someone adopted TA method on Huaan , saying buying HUaan @ 0.795 is a bear trap ! i will post it up when i am free.. u will see how stupid one using TA to forecast d movement of Huaan.
I knew he want to set up a fire btwn me n XXXX, ha ha.. well mr shit player ,..i will definitely post it up here later..bear in mind, i do it not bcos of u !!I just wanna 2 show 2 newbies how silly n inaccurate it is by adopting d useless TA !
Ha ha... be there guys, will not take long
I got a strong hunch Huaan will break 1.00. Thanks Bro Sam for the tip. Are there any shares we can start accumulating now? Do u think LbalumWA can buy?
Sifu Sam,
Shld i buy more on HUAAN or should i wait? it had up for 10 cent from the first time we bought. I see all the Steel counter are rally. Commodities rally. But feel very uneasy as DJI n Hang Seng keep dropping. Can please sheld some light for me? Thanks very much.
ah sam khor,
wah, i just check my portfolio and on HUAAN.. wah... super run. TQ TQ TQ.. very very much for the sharing.
I still interested in your xxxxx and alternative xxxxx. If can share also please let me know, at email ahlee8888@gmail.com
Once again TQ TQ.
ah lee
p.s.
whoever holding LIONDIV at around +/- RM1. I salute you kau kau. Fatt fatt tatt u guys liao.
Uncle Sam,
U are waiting for XXXXXX as he is tai ko in Bursa... how about YTL XXXX which related?? today seems he is throwing the falling knife..
Dear Uncle Sam,
Pls correct me.. if i'm wrong.
股票的股價收益比（P/E）指每股市價除以每股盈利（Earnings Per Share, EPS) ，通常作為股票是便宜抑或昂貴的指標(通貨膨脹會使每股收益虛增，從而扭曲股價收益比的比較價值)。股價收益比把企業的股價與其製造財富的能力聯繫起來。
每股盈利的計算方法，一般是以該企業在過去一年的淨利潤除以總發行已售出股數。股價收益比越低，代表投資者能夠以相對較低價格購入股票。
假設某股票的市價為24元，而過去一年的每股盈利為3元，則股價收益比為24/3=8。該股票被視為有8倍的股價收益比，即在假設該企業以後每年淨利潤和去年相同的基礎上，回本期為8年，折合平均年回報率為12.5%（1/8），投資者每付出8元可分享1元的企業盈利。
投資者計算股價收益比，主要用來比較不同股票的價值。理論上，股票的股價收益比愈低，表示該股票的投資風險越小，愈值得投資。比較不同行業、不同國家、不同時段的股價收益比是不大可靠的。比較同類股票的股價收益比較有實用價值。
目錄
決定股價的因素
股價取決於市場需求，即變相取決於投資者對以下各項的期望：
企業的最近表現和未來發展前景
新推出的產品或服務
該行業的前景
其餘影響股價的因素還包括市場氣氛、新興行業熱潮等。
股價收益比把股價和利潤連繫起來，反映了企業的近期表現。如果股價上升，但利潤沒有變化，甚至下降，則股價收益比將會上升。
股息收益率
上市公司通常會把部份盈利派發給股東作為股息。上一年度的每股股息除以股票現價，是為現行股息收益率。如果股價為50元，去年股息為每股5元，則股息收益率為10%，此數字一般來說屬於偏高，反映股價收益比偏低，股票價值被低估。
一般來說，股價收益比極高(如大於100倍)的股票，其股息收益率為零。因為當股價收益比大於100倍，表示投資者要超過100年的時間才能回本，股票價值被高估，沒有股息派發。
平均股價收益比
美國股票的股價收益比平均為14倍，表示回本期為14年。14倍PE折合平均年回報率為7%（1/14）。
股價收益比所代表的意義
如果某股票有較高股價收益比，則有可能因以下原因：
市場預測未來的盈利增長速度快。
該企業一向錄得可觀盈利，但在前一個年度出現一次過的特殊支出，降低了盈利。
出現泡沫，該股被以超過其內在價值的價格在交易。
該企業有特殊的優勢，保證能在低風險情況下持久錄得盈利。
市場上可選擇的股票有限，在供求定律下，股價將上升。這令跨時間的股價收益比比較變得意義不大。
如果某股票有較低股價收益比，則有可能因以下原因：
市場預測該企業和去年相比較，盈利將減少，企業價值將下降。
該企業在去年出現過一次性的特殊收入，暫時提高了去年的盈利。
該股的價格被市場低估。
股票的供給超過了市場上資金的投資需求。
值得一提，如果某股票的股價收益比為零，即代表股票去年是在於虧損狀態。
計算
利用不同的數據計出的股價收益比，有不同的意義。現行股價收益比利用過去四個季度的每股盈利計算，而預測股價收益比可以用過去四個季度的盈利計算，也可以根據上兩個季度的實際盈利以及未來兩個季度的預測盈利的總和計算。
靜態股價收益比
靜態股價收益比=市價/最近一個財政年度的每股盈利
動態股價收益比
動態股價收益比（PEG），其計算公式是以靜態股價收益比為基數，乘以動態繫數。
該繫數為1／（1＋i）n，i為企業每股收益的增長性比率，n為企業的可持續發展的存續期。
上市公司目前股價為20元，每股收益為0．38元，去年同期每股收益為0．28元，成長性為35％，即i＝35％，該企業未來保持該增長速度的時間可持續5年，即n＝5，則動態繫數為1／（1＋35％）5＝22％。相應地，動態股價收益比為11．6倍（靜態股價收益比：20元／0．38元＝ 52倍，動態股價收益比：52倍×22％＝11．6倍）。
有時用以下方式計算出的數據也被叫作動態股價收益比:
動態股價收益比=股票市價/（當年中報每股淨利潤×去年年報淨利潤/去年中報淨利潤）
動態股價收益比=靜態股價收益比（p/e）/平均增長率（r） 其中：p—收盤價，e—每股淨利，r--平均增長率。
$ifu $am, failed 2 buy in more Huaan @ 0.70 2day, seems like profit taking on steel stocks 2day. 2molo will try 2 catch @lower price. Any comment on Liondiv ? long time no write up fr TL n $ifu on tis stock, any advice ?
As 4 Thomas Cup, d cunning Korean really wanna lose lah. C now, if they beat Canada n Denmark, they will meet Indonesia in semi. ha ha, $ifu i think i'm correct lah.
Anyway hope tis cunning Korean will lose 2 Denmark Kaulat Kaulat.
Watched d fantasic performance of M'sian women against Japan just now, 3-0 win. thumbs up!
Dear Sifu Sam,
I have been following your info and analysis since OSK days and you have proven many times FA works so much better than other methods. I really hope you can still blog like last time. Kindly add me to your mailing list please. cjinh@hotmail.com
Dear Sifu Sam,
I have been following your info and analysis since OSK days and you have proven many times FA works so much better than other methods. I really hope you can still blog like last time. Kindly add me to your mailing list please. cjinh@hotmail.com
Sold another 10 lots of masteel @ 2.09 , balance left 10 lots, this 10 lots i will wait for its coming QE, most likely by this 30 May.
FYI... CYT is having honey moon in HK/Shenzhen .. he is a patient bugger, he bought 50 lots of masteel @ 0.80 on feb 07, not a single lot SELL ! really warren buffett style ! bravo CYT ! ha ha
Touch a little on huaan, seems like she was stuck at 0.81 4 quite sometime, how ? take profit n sell ??ha ha..u might do so if u r using d useless TA, besides d solid FA that i mentioned b4 , read this one :-
***
Paper say market is speculating the 7.9degree earthquake may further spur steel demand on reconstruction of SiChuan where >500,000 houses collapsed
***
I feel quilty by taking d earthquake factor to be an added bonus on huaan 's coming earning..armithaba .
If u dont know anything abt FA,use common sense n think, with current commodities commodities esp steel industry , what is yr risk of buying huaan @ 0.73+- ?? 0.60 cts ?? or down back to 0.55cts ?? take yrself as huaan boss, if yr company is making tones of money every year , will u allow yr counter to trade below its IPO price of 1.00 ?? where is d logic ?
if u doubt ? mr time will tell u whether i am right or not ^V^
No doubt.. No doubt! :D
2cyt - Masteel@0.80 til now? My hat is off to you ! Honeymoon? Congrats! Seng kor lou chan...chung chi bei kuan...LOLz
Sam,
The Par Value of HuaAn is 50 cents thus at RM0.80 means RM1.60. The full year eps is 12.11 thus the PE ratio is 13.2.
Correct me if I'm wrong, thank you.
钢铁股已经出现泡沫，希望有买的人要知道怎样跑，请用技术分析。
钢铁股是没有价值的，市场只看到了好处却忘记了坏处。大家好像忘记了开放其实就是死刑。未来的钢铁股将会很惨。开发自由进出，中国钢铁将进攻大马，到时候将会死多人。
这次的开放看起来应该是建筑下，钢铁上。但是情况却出现钢铁上，建筑没有下。这讲明了开放对建筑可能并没有什么问题（cost 方面）。所以钢铁是泡沫。另外市场忘记中国竞争是最大的失误。
所以买钢铁股有赚的不能长期持有，要用技术分析来跑。没有买的最好眼看手不动，泡沫迟早会爆炸。
竟然身为价值投资者，第一条件就是分析什么有价值，什么是没有价值。
钢铁股是炒股，迟早一定会很多人死。
i saw tis in cari forum...anyway i trust u..i trust FA...
泡沫 ?? this TA bugger dont know what is d defination of bubble at all ! how to define bubble ? y not u tell me crude oil is in terrible bubble stage ? y not u tell me plantation sector is in horrible bubble zone ?? if u compare d rise btwn them, d rise 4 steel sector is d lowest in term of percentage esp steel stocks in Malaysia! we r trading at avg PE of 11+- as compared to china 30 , HK 20 n India 18 !
bubble ?? ha ha.. know what is " d grape is sour " ??
HELLO WEE CHAN..2 ANSWER YR QUESTION ON PAR VALUE, LET ME SHOW U ONE GD EXAMPLE... PUBLIC BANK USED TO BE 0.50 PAR VALUE , BUT STILL SHE STRADED AT rm10.00+..Y ??? UNLESS U GO 4 DIVIDEND PLAY OTHERWISE IS PAR VALUE REALLY MATTER ?? U TELL ME LAH ^v^
2 SHARE FAN
钢铁股已经出现泡沫，希望有买的人要知道怎样跑，请用技术分析。
泡沫??? ha ha... needless to answer already cos he is adopting 技术分析 (TA)。if he is good in TA , he shld called 4 buy on steel cos most of d steel counters r way above from breakout zone ! y sell? y bubble ? this show how silly his call was ! perhaps..most of d TA buggers r d same ! see guys ? most of d TA buggers dun know what they r talking n also they r all ma how pao ! i am wondering y their TA software never trigger a bullish buy call on steel stocks last 2 weeks ? mana ? technical failure again ??
2 股迷, i said it many times, dont trust me , trust Mr FA !
I am somehow unsure about the calculation of PE for stocks with par value of less than RM1.00.
Could someone assist in this matter? Am just taking this as a case study. 纯粹学习。
HuaAn (Share price RM0.80; PAR value RM0.50; Full Year EPS RM0.1211)
Should I just take RM0.80/0.1211 or should I use RM0.80/0.50 then divide by 0.1211)
Thank you to whoever for clearing the air since this post by Sam is on the issue of PE.
Someone said beware of d bear trap...ha ha.. really pity him , he doesnt even know what bear trap is !! How to define a bear trap ?
If public bank selling to u @ RM7.30 n she faces a very strong resistance @ RM7.95 , after 3 attemps failed to break above RM 7.95, u called that a bear trap ? OMG !!! get yr facts right b4 u give such a silly statement !
What is bear trap ? bear trap is someone trying to create a bullish scenario on a lousy counter to attract newbies 4 buying their stocks at higher price so that they can sell it with huge profit !
They know it is a shit company, therefore they push it up n sell it to those who knows nothing about FA, this is what ppl called bear trap !
A money making, debt free , cash kow company will never be classified as bear trap stock if they r selling 2 u @ PE below 10 !
Bear trap usually happen on PN4 companies or stock that running at huge loss ! if u tell ppl dont buy PBB cos she failed to breakout d resistance @7.95 !! ha ha ha... i really salute u ! this is really a "call of d century "!!
512 earthquake , Premier Wen Jia bao n his rescue team , live from cctv :-
群里一个记者在地震抢救现场给我们上午做的直播 他说：老爷子的手臂受伤出血了，他把要给他包扎的医务人员推开了
绮梦(360327959) 10:07:29
现场简直不能看了
绮梦(360327959) 10:08:33
年过花甲的总理已经哭得不成样子了
绮梦(360327959) 10:10:16
刚刚挖开的地方又塌方了
绮梦(360327959) 10:11:24
这倒霉天气还在下雨，现在一线的军人已经被下达死命令，必须冒雨解救
绮梦(360327959) 10:11:30
我就在现场
绮梦(360327959) 10:11:56
我现在是在都江堰市
绮梦(360327959) 10:13:24
交通已经瘫痪了，人员和物资很难运进去
绮梦(360327959) 10:13:47
汶川现在还不让我们去
绮梦(360327959) 10:15:21
汶川的交通完全封闭了，现场到底怎么样我不知道，不过早上总理指示军队不管有多大代
价，必须进城
绮梦(360327959) 10:16:03
倒霉天气在下雨，飞机几次都不能降落，伞兵马上就要起飞了
绮梦(360327959) 10:17:36
飞机在汶川空投物资了
绮梦(360327959) 10:20:06
被压在废墟下的300多学生现在很危险啊，刚才一次的营救又失败了，现在总理在现场组织
再次营救。
绮梦(360327959) 10:20:47
啊 总理摔到了，
绮梦(360327959) 10:21:35
照片我正在传给北京，不经过审核的是不允许发布的
绮梦(360327959) 10:22:21
我和几个同行现在开了9台电脑，同时在传消息
绮梦(360327959) 10:22:37
这个QQ在关键时候传的真慢
绮梦(360327959) 10:23:39
突击队又上了
绮梦(360327959) 10:25:04
如果你现在看见老爷子的样子，你马上就会哭的
绮梦(360327959) 10:26:40
老爷子的手臂受伤出血了，他把要给他包扎的医务人员推开了
绮梦(360327959) 10:27:09
好消息，发现一名学生了
绮梦(360327959) 10:28:00
总理跑到塌方点了，在帮忙呢
绮梦(360327959) 10:28:13
向峨乡中学
绮梦(360327959) 10:28:33
拖出来了，医生在抢救
绮梦(360327959) 10:28:56
部队上来的人还不是很多
绮梦(360327959) 10:29:07
交通太困难
绮梦(360327959) 10:29:42
现在还不一定，这个看样子看活着，吊瓶氧气都挂上了
绮梦(360327959) 10:31:06
啊，又塌了
绮梦(360327959) 10:31:28
突击队一个人被埋进去了
绮梦(360327959) 10:31:40
等等，我到前面看看
绮梦(360327959) 10:36:24
我回来了，抢救出来了
绮梦(360327959) 10:37:16
最新消息，彭州被困的10万群众危险！！！
绮梦(360327959) 10:38:49
由于大雨的影响，工程兵几次架桥失败，附近已经出现泥石流迹象，电话直接是叫通总理
的，情况很危险！！！
绮梦(360327959) 10:39:19
由于桥梁倒塌，彭州市10万群众被堵在山中，救灾人员和物资无法运入。已经出现泥石流
迹象
绮梦(360327959) 10:41:11
总理电话里大喊，我不管你们怎么样，我只要这10万群众脱险，这是命令。他把电话摔了
绮梦(360327959) 10:41:33
头一次看见老爷子这么厉害
绮梦(360327959) 10:41:54
汶川现在还没通知去，估计情况不是很好
绮梦(360327959) 10:42:16
我现在在通讯帐篷里
绮梦(360327959) 10:43:54
汶川最新消息，雨开始小了，空投物资已经扔下去了，空降兵已经在外围机场登机了
绮梦(360327959) 10:45:19
现在所有的国外记者都在关注号称中国最精锐的特种部队首次公开亮相
绮梦(360327959) 10:46:50
总理现在和登机部队领导说话
绮梦(360327959) 10:47:41
总理说，我就一句话，是人民在养你们，你们自己看着办。
绮梦(360327959) 11:11:00
大家好，我现在是在军用直升机上，头一次坐这种飞机，很紧张。
绮梦(360327959) 11:12:51
我现在在直升机上，估计一个小时后就到什肪了
绮梦(360327959) 11:34:40
最新消息，汶川的映秀、漩口、卧龙三镇通讯信号很弱，至今也无法联系。估计三镇有将
近两万多人被困，余震不断，大雨连绵，情况非常严峻，由于能见度太差，无法判断准确
情况。总参命令，当空降部队到达汶川上空时，如果条件不允许，就不惜代价强行伞降！
绮梦(360327959) 11:36:38
没有，飞机要进入雷区了，我要关机了，等会再和你们聊。
总理说，我就一句话，***是人民在养你们***，你们自己看着办
总理电话里大喊，我不管你们怎么样，我只要这10万群众脱险，这是命令。他把电话摔了
绮梦(360327959) 10:41:33
头一次看见老爷子这么厉害
绮梦(360327959) 10:08:33
年过花甲的总理已经哭得不成样子了
Guys, though we r far away from them, but we can help in many ways ! let donate some to them n also pray 4 them ^V^
We must appreciate 4 what we hv now , How lucky we r as compared to them, see it yrself >>>
http://news.ifeng.com/photo/200805/0514_24_539873
http://news.ifeng.com/photo/200805/0514_24_538244.shtml
Hi ! Sam,
Asking your permission,
I would like to 'cut& paste' some of your comments on my blog 'ssinvesting@blogspot.com as collections for future reference.
TQ !
KC
Follow the all steel counter..all steel counters already up so many recently..Thanks to you si fu I already make some $$ of the Masteel. According to FA, Onastel also will perform one day and now only trade at PE 4 The company also earning every year..It is the matter of time and proven result..What you think of Onastel? Need your kind comment on this counter..
$ifu $am, after reading d conversation of China Earthquake posted by u, i really feel like crying also especially @ tis hour now (12am) so quite, so peaceful n so lucky over here compared 2 those victims. I'll definately donate some $$$ through Sin Chew Jit Poh.
Besides, How nice if we have such a caring PM like how Chinese Prime Minister treats their people!
Hope everyone in tis blog do give some donations 2 d victims.
刚刚看了８Ｙｅａｒｓ的部落格，发现股迷把８Ｙｅａｒｓ的文章复制过去两个部落格。我想，有误会了。
希望股迷不是在煽风点火。
I am refer to the article about bubbles of commodity
8 years blog is in my blog's link.
Dear KC, go ahead ! as known 2 me, u r also a fundamentalist , do whatever u like ^V^
Onastel ? I bought this counter b4 n made a little gain from it, what i can see here is :- look at lsteel today , top steel gainer in term of percentage, fyi , Onastel's FA is much better than lsteel interm of PE n BS. i think onastel will do d catching up real soon.
Commodities hv been playing up 1 by 1 recently, look at lbalum from 0.48 to 0.60 in just 2 days time ( refer to d above posting, posted by our bro up there ).
yah b4 i forget, next coming monday is a public holiday, 4 those who still havent taking any profit from recent rise, u r advice 2 take some profit now, if u r abit kiasu, y not u sell half n keep d other half 4 further rise !?
欲知前世因，今生受者是，欲知后世果，今生作者是.
千万不要认为“我没钱，等到我有乘余的钱，再来助人吧！“那你就永远没有机会助人。虽然，你只帮助他人一百元，但这若是你的全部财产，你的行善，比大富翁乐捐一百万更值得尊敬，也更有福报。
助人，并不是”以钱的多少来决定，而是以您所发的诚心和善心的大小来决定。“
2 tan81, thx 4 yr info, anyway..it is not important at all..what is more important than life !!! I feel very down today , really really down after reading all these sad incidents >>>
视频：砖瓦压男童腿 当场截肢保命
Imagine if this pity boy is yr son !??
***“叔叔,别锯我的腿,我宁愿自杀!”昨日下午,12岁的北川县曲山小学东学区四(3)班学生李月,用哀求的语气和一旁的叔叔李宗刚说话,小李月被压在废墟中不得动弹,叔叔李宗刚站在废墟外泪眼婆娑。***
因为道路被泥石流和巨石毁坏,地震救援所需的挖掘机和吊车等重型机械无法开进北川县城,全国多个省市的武警官兵和地震救援抢险队陆续进入北川县城,不过面对很多场景却颇为悲情和无奈。
*** 大楼已坍塌 消防队员哭求“让我再救一个”***
read it yrself>>
http://itv.ifeng.com/v/200805/dz-wc/
I think i need few days to calm down my emotion n mind..
c u guys next week.
Armitabha.
我不是在煽风点火，也希望tan81不是在拍马屁，在搞人气与形象。
Tabung haji has been accumulating onastel & masteel since last year, today announced that it has disposed 362,400 and 200,000 shares respectively.
So even the "not so excellent" fund manager know to take profit during unreasonable run, you are advised to do so.
Today have asked my father in law to make some donation on my behalf to Si Chuan victims.
基於油價衝擊，聯昌研究把馬航的評級從“跑贏大市”下調至“落後大市”，目標價從較早的6令吉70仙調低至3令吉20仙；亞洲航空（AIRASIA，5099；主板貿服組）的評級從“中和”調降至“落後大市”，目標價從較早的1令吉65仙降低至84仙。
wow... all airlines lingkup... I thought airasia has bright future with it's airasia X. Furthermore it's license is worth more than it's current price 1.18 right? Any comment from sifu sam and sifu TL?
Cyclone in Myanmar then earth quake in China... What happen to our earth now?? U can see that we r so lucky here..free from all sort of disaster...Frens!! Let hold our hands together to help by donating money and pray for the victims of China and Myanmar.
Armithaba
To: weechean ... your question on
May 14, 2008 4:37 PM
To calculate PE NO NEED refer to PAR value. Direct RM0.80/0.1211.
PAR value only valid when it gives dividend. Lets say a share announce 8% dividend, then we use PAR value 0.5 x 8%, 1 share can get 0.04 sen.
Did I bring u to the light? :D
Joe8, it is good to help the needee.
But need to remind you perhaps all of us something, no place in the world is absolutely safe right now. Do you aware there was no precedent earthquake case in Sichuan province before? The earth structure is changing, it is very hard to conclude that "there is no earthquake in Malaysia for next 50yrs"... god bless us all.
Thanks det for the explanation.
Have a good weekend to all.
Dear Sifu Sam,
You are really fantastic in FA practices.
I am a new bird and just get enter
to the deep deep sea of share
investment.
Hope this is not too slow....
I have a request, can i hav the pleasure to be in your e-mail list?
my e-mail is
calvin_tcseng@yahoo.com
Thanks ya, sifu
cstan
SAM师傅!希望你不要介意,因为我想借着你的部落呼吁更多的朋友能伸出你们的缓手帮助在512发生的四川大地震受难的朋友!
朋友们!无论是一百几十也好!希望你们都能够慷慨解囊!以为我相信你们可以为这世界作得更多.
舍得~要舍才会有得.莫因善少而不为.
顺祝各位投资/投机顺利!生活安康!
P/S:不知道有那位朋友可以帮我翻译成英文?谢谢!
Hi sifu Sam,
Me too have follow your blog and posted since last years. Great that you still around and keep going. Pls add me to your malling list as well. Thank you! smlee_8@yahoo.com.
Btw, Malaysia loss to China 2-3 what a wasted but Korea doing well beat Indon 3-0.
卫塞节
浴佛的由来：
2500多年前，悉达多太子诞生了。太子诞生的时候，一手指天，一手指地说道：‘天上地下，唯我独尊’。此时天女散花，九龙吐水沐浴太子。浴佛典故，由此而来。
浴佛的意义：
浴佛，除了沐浴佛陀，祈望以净水来清净我们累世的身、口、意业障。祛除贪、嗔、痴；借著浴佛庆典教育大众依止佛陀的教诲，诸恶莫作、众善奉行、自净其意。
‘明天会更好’。
Why trade when you can invest in value stocks.
hi Sam, interested to learn FA from you, very much appreciated if you could register me in your mailing list. my email is jian84@msn.com. thanks.
Airasia is falling down..falling down..falling down .. its coming QE will be announced by this month end, shld not be a good one as compared to its previous Q2Q due to high crude oil price.. but does it already factored in ?
I am eyeing on 1.05 +- n will buy in stages , d next level of entry is below 1.00 which i think is very unlikely.
2qtrs earning is around 18cts, whole year eps shld be around 20to 22 cts, even if u chop off 50% from its eps, u will still get 10cts for year 09 with PE around 10 .
dont forget it is a mini blue chip stock ! as i said, its liecense n landing right worth more than 1.30.
Those with holding power n patience , it is a good buy for mid n long term play.
All steel counter falling down.. falling down...Still keep onastel and huaan..Will another up wave come ????
Falling down is expected , this is y i always stressed sell in stages once she reached yr TP price.. look at masteel today ^V^ i can buy back at much cheaper price if i want 2 ^V^
U can see how i took my profit on masteel along d rise , i dont need TA to catch d peak 4 disposal still i managed to take some profit at almost peak .
Plenty of stocks 4 me to buy back at this moment , Huaan @0.705 ? Airasia @1.05 ?Masteel @ 1.75 ??
I am not sure whether there is another up wave 4 steel stocks or not ? i dont bet on that..i bet on good earning will eventually boots its share price up if u bought at single digit PE .
Sifu Sam,
Thx, very insightful. Mind add me in your mailing list?
kankc2@gmail.com
Sifu Sam,
Thx, very insightful of your blog. Mind add me in in your mailing list? thx
kankc2@gmail.com
Guys, as i said ,i will buy in huaan @ 0.705 , done another 30 lots @0.705 this morning. total in hand, 100 lots @ avg cost of 0.72+ . this 30 lots i may sell it once they announce its QE ^V^
I will do a write up on airasia later..stay tune ^V^
yup,u r right,it is time to sapu HUAN....good chance!!
any TP for HUAAN? looks like immediate term should b RM1..
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