Thursday 16 November 2017
Thursday 2 November 2017
Market PE of Bursa Malaysia on 2.11.2017
| Market PE and DY of Bursa Malaysia on 2/11/2017. | ||||||||
| KLCI 1742.49 | ||||||||
| Company | Market Cap (billion) | Last Price | PE | DY | ROE | Net Inc (m) | DIV (m) |
DPO |
| AMBANK (1015) | 13.021 | 4.32 | 9.79 | 4.07 | 8.14 | 1330.0 | 530.0 | 0.40 |
| ASTRO (6399) | 14.703 | 2.82 | 19.92 | 4.43 | 108.1 | 738.1 | 651.3 | 0.88 |
| AXIATA (6888) | 48.591 | 5.4 | 81.94 | 1.48 | 2.31 | 593.0 | 719.1 | 1.21 |
| BAT (4162) | 11.01 | 38.56 | 15.72 | 7.21 | 164.6 | 700.4 | 793.8 | 1.13 |
| CIMB (1023) | 55.852 | 6.17 | 13.42 | 3.24 | 8.82 | 4161.8 | 1809.6 | 0.43 |
| DIGI (6947) | 38.253 | 4.92 | 25.65 | 4.25 | 274 | 1491.3 | 1625.8 | 1.09 |
| GENM (4715) | 29.809 | 5.02 | 10.8 | 3.29 | 13.62 | 2760.1 | 980.7 | 0.36 |
| GENTING (3182) | 34.936 | 9.07 | 12.57 | 1.38 | 7.84 | 2779.3 | 482.1 | 0.17 |
| HAPSENG (3034) | 23.104 | 9.28 | 21.86 | 3.77 | 17.92 | 1056.9 | 871.0 | 0.82 |
| HLBANK (5819) | 34.51 | 15.92 | 16.09 | 2.83 | 8.92 | 2144.8 | 976.6 | 0.46 |
| HLFG (1082) | 19.164 | 16.7 | 12.72 | 2.28 | 9.04 | 1506.6 | 436.9 | 0.29 |
| IHH (5225) | 46.221 | 5.61 | 50.4 | 0.53 | 4.14 | 917.1 | 245.0 | 0.27 |
| IJM (3336) | 11.502 | 3.17 | 17.3 | 2.37 | 7.02 | 664.9 | 272.6 | 0.41 |
| IOICORP (1961) | 28.026 | 4.46 | 37.7 | 2.13 | 9.94 | 743.4 | 597.0 | 0.80 |
| KLCC (5235SS) | 14.208 | 7.87 | 16.14 | 4.53 | 6.87 | 880.3 | 643.6 | 0.73 |
| KLK (2445) | 26.133 | 24.48 | 22.96 | 2.04 | 10.01 | 1138.2 | 533.1 | 0.47 |
| MAXIS (6012) | 46.629 | 5.97 | 21.82 | 3.35 | 31.09 | 2137.0 | 1562.1 | 0.73 |
| MAYBANK (1155) | 99.378 | 9.22 | 13.22 | 5.64 | 10.33 | 7517.2 | 5604.9 | 0.75 |
| MISC (3816) | 31.202 | 6.99 | 16.45 | 4.29 | 5.18 | 1896.8 | 1338.6 | 0.71 |
| PBBANK (1295) | 79.429 | 20.46 | 14.53 | 2.83 | 15.14 | 5466.6 | 2247.8 | 0.41 |
| PCHEM (5183) | 58.8 | 7.35 | 14.21 | 2.59 | 14.9 | 4137.9 | 1522.9 | 0.37 |
| PETDAG (5681) | 24.042 | 24.2 | 23.82 | 2.89 | 18.89 | 1009.3 | 694.8 | 0.69 |
| PETGAS (6033) | 35.855 | 18.12 | 20.18 | 3.42 | 14.55 | 1776.8 | 1226.2 | 0.69 |
| PPB (4065) | 19.822 | 16.72 | 14.96 | 1.5 | 6.33 | 1325.0 | 297.3 | 0.22 |
| RHBBANK (1066) | 20.211 | 5.04 | 11.43 | 2.38 | 7.83 | 1768.2 | 481.0 | 0.27 |
| SIME (4197) | 61.82 | 9.09 | 26.23 | 2.53 | 6.31 | 2356.8 | 1564.0 | 0.66 |
| TENAGA (5347) | 84.206 | 14.88 | 12.2 | 2.15 | 12.09 | 6902.1 | 1810.4 | 0.26 |
| TM (4863) | 23.074 | 6.14 | 30.56 | 3.5 | 9.83 | 755.0 | 807.6 | 1.07 |
| WPRTS (5246) | 12.617 | 3.7 | 21.18 | 3.78 | 27.95 | 595.7 | 476.9 | 0.80 |
| YTL (4677) | 13.747 | 1.26 | 17.26 | 7.54 | 5.18 | 796.5 | 1036.5 | 1.30 |
| TOTAL MARKET | 1059.87 | 17.1 | 3.1% | 62047 | 32839 | 0.53 | ||
| Market PE 17.1 | |
| Market DY 3.1% | |
KLCI 1,742.49 2.11.2017 =============== Compare this with the past. |
| Date | Market PE | Market DY | KLCI |
| 2.11.2017 | 17.1 | 3.10% | 1742.49 |
| 3.1.2014 | 17.1 | 3.20% | 1804.03 |
| 7.6.2013 | 16.2 | 3.47% | 1775.59 |
| 11.1.2013 | 16.6 | 3.17% | 1682.7 |
| 19.10.2012 | 17.7 | 2.90% | 1666.35 |
| 15.12.2011 | 15.1 | 3.42% | 1464.11 |
| 6.1.2011 | 17.2 | 3.00% | 1568.37 |
| 5.10.2010 | 17.5 | 5.70% | 1462.27 |
| 10.2.2010 | 18.8 | 3.03% | 1246.17 |
| 3.7.2009 | 10.2 | 3.71% | 1153.7 |
Monday 30 October 2017
Warren Buffett's Ground Rules (Words of Wisdom from the Partnership)
Warren Buffett set some ground rules for those who joined his earliest partnership in Omaha. The new partners were each carefully taken through the ground rules.
"These ground rules are the philosophy. If you are in tune with me, then let's go. If you aren't, I understand."
THE GROUND RULES
1. In no sense is any rate of return guaranteed to partners. Partners who withdraw one-haLf of 1% monthly are doing just that - withdrawing. If we earn more than 6% per annum over a period of years, the withdrawals will be covered by earnings and the principal will increase. If we don't earn 6%, the monthly payments are partially or wholly a return of capital.
2. Any year in which we fail to achieve at least a plus 6% performance will be followed by a year when partners receiving monthly payments will find those payments lowered.
3. Whenever we talk of yearly gains or losses, we are talking about market values; that is, how we stand with assets valued at market at year end against how we stood on the same basis at the beginning of the year. This may bear very little relationship to the realized results for tax purposes in a given year.
4. Whether we do a good job or a poor job is not to be measured by whether we are plus or minus for the year. It is instead to be measured against the general experience in securities as measured by the Dow-Jones Industrial Average, leading investment companies, etc. If our record is better than that of these yardsticks, we consider it a good year whether we are plus or minus. If we do poorer, we deserve the tomatoes.
5. While I much prefer a five-year test, I feel three years is an absolute minimum for judging performance. It is a certainty that we will have years when the partnership performance is poorer, perhaps substantially so, than the Dow. If any three-year or longer period produces poor results, we all should start looking around for other places to have our money. An exception to the latter statement would be three years covering a speculative explosion in a bull market.
6. I am not in the business of predicting general stock market or business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.
7. I cannot promise results to partners. What I can and do promise is that:
a. Our investments will be chosen on the basis of value, not popularity;
b. That we will attempt to bring risk of permanent capital loss (not short term quotational loss) to an absolute minimum by obtaining a wide margin of safety in each commitment and a diversity of commitments; and
c. my wife, children and I will have virtually our entire net worth invested in the partnership
"These ground rules are the philosophy. If you are in tune with me, then let's go. If you aren't, I understand."
THE GROUND RULES
1. In no sense is any rate of return guaranteed to partners. Partners who withdraw one-haLf of 1% monthly are doing just that - withdrawing. If we earn more than 6% per annum over a period of years, the withdrawals will be covered by earnings and the principal will increase. If we don't earn 6%, the monthly payments are partially or wholly a return of capital.
2. Any year in which we fail to achieve at least a plus 6% performance will be followed by a year when partners receiving monthly payments will find those payments lowered.
3. Whenever we talk of yearly gains or losses, we are talking about market values; that is, how we stand with assets valued at market at year end against how we stood on the same basis at the beginning of the year. This may bear very little relationship to the realized results for tax purposes in a given year.
4. Whether we do a good job or a poor job is not to be measured by whether we are plus or minus for the year. It is instead to be measured against the general experience in securities as measured by the Dow-Jones Industrial Average, leading investment companies, etc. If our record is better than that of these yardsticks, we consider it a good year whether we are plus or minus. If we do poorer, we deserve the tomatoes.
5. While I much prefer a five-year test, I feel three years is an absolute minimum for judging performance. It is a certainty that we will have years when the partnership performance is poorer, perhaps substantially so, than the Dow. If any three-year or longer period produces poor results, we all should start looking around for other places to have our money. An exception to the latter statement would be three years covering a speculative explosion in a bull market.
6. I am not in the business of predicting general stock market or business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.
7. I cannot promise results to partners. What I can and do promise is that:
a. Our investments will be chosen on the basis of value, not popularity;
b. That we will attempt to bring risk of permanent capital loss (not short term quotational loss) to an absolute minimum by obtaining a wide margin of safety in each commitment and a diversity of commitments; and
c. my wife, children and I will have virtually our entire net worth invested in the partnership
Why few traders make money? What lessons can we learn from them?
Quote: "I am sure you will come across relatives or friends who have traded the markets for ages but ended up generating more losses than profits. Accumulation of trading losses over years not only hurt one's financial well-being but is also psychologically damaging as one's self-confidence is eroded along with growing losses. Eventually these traders quit the markets when they can't tolerate the losses anymore. "
What contributed to their losses and what lessons can we learn from them?
Their mistakes:
What contributed to their losses and what lessons can we learn from them?
Their mistakes:
- Not cutting losses
- Taking profits too early
- Having too many stocks
- Having non-existent or wrong trading rules
- Borrowing money to trade/trade on contra
- Not doing enough homework
- Initiating positions based on tips
- Not understanding the risks being taken
- Buying high and selling low
- Not reviewing after each trade
Ref: Jumpstart in Stocks and Future Trading
Choong Ty'ng Ty'ng
My comment: One of the better book I have read on this topic of trading.
"I think I could make you 50% a year on $1 million. No, I know I could." (Warren Buffett)
"If I were running $1 million, or $10 million for that matter, I'd be fully invested. The highest rates of return I've ever achieved were in the 1950's. I killed the Dow. You ought to see the numbers. But I was investing peanuts back then. It's a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that."
- Warren Buffett, Businessweek, 1999.
- Warren Buffett, Businessweek, 1999.
Subscribe to:
Posts (Atom)