Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
Thursday 28 September 2023
MYEG
MYEG
Growth in revenues and PBT was very fast in its early years. Growth in revenue has slowed, though PBT in 2022 was higher due to better profit margin. Its earnings dropped in 2020 and has since recovered, exceeding its previous high earnings.
The share price of MYEG has been essentially flat since 2021. With its better earnings, the company is now on offer at better value than before.
ZOOM VIDEO (zm)
This company benefitted during the pandemic lockdown. Its revenues zoomed upwards in 2020 to 2021 and are still growing, but at a slower rate. Its profit margins expanded hugely from 2020 to 2022. The profit margins has since dropped (normalise) to its pre-pandemic level.
Not a stock for the long term. Very competitive business. Economic moat is small, perhaps, non-existent. Many new players are offering similar services.
Wednesday 27 September 2023
Aeon Credit
Its PBT margins are well maintained.
Its ROE is consistently above 15%.
However, share price dropped over the same period.
At today's share price of RM 11.44 per share it is trading at PE of 6.65 and gives a DY of 4.98%.
Quality: Great / Good
Management: Great / Good
Valuation: Undemanding valuation
(Not a recommendation. Always do your own homework. Invest at own risk.)
Tuesday 26 September 2023
ICAPITAL.BIZ BHD
The NAV of iCap grew from 3,05 per share in 2014 to 3,40 per share in 2023.
Its price traded at a discount to its NAV all these years, this is not unexpected for a closed end fund.
At times it traded at a huge discount to its NAV, for example, in 2021 the discount to NAV was 34% and in 2022, the discount to NAV was 39%.
INSAS
This company retained most of its earnings. It started distributing some dividends in recent years. Despite retaining most of its earnings, its profits remained unimpressive, showing no long term consistent growth.
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