股东利益
股息回报
资本回报
Sole Proprietor - taxation not reasonable
Partnership - taxation not reasonable
S/Bhd
BHD
合伙企业有限公司 (which consist of Partnership + Sendirian Berhad) - 阿里巴巴
股票 ：1股 = 1 share
基金 ：1单位 = 1 unit
New Straits Time : 曾经上市的好公司。如今下市了，股东依然有股息。
面额, Par Value = 成本，开始的资本
2016年底/2017年头， 面额可以是“0”
债券股 = 第一·安全 （如：Nestle-LA, Nestle-LB, Nestle-LC -> Loan stock)
优先股 = 第二安全 （如：Nestle-PA, Nestle-PB -> Preference stock)
普通股 = 控制营运权
凭单 = 危险， 别碰。
蓝筹股
红筹股
INSAS-PA
- office at Mid Valley.
- Own : Inari, DOME.
- Inari : manufacture of APPLE component.
- INSAS-PA RM 0.935
Mother share RM 0.60
INSAS-PA will expired in 4 years. After 4 years, collect back with maximum RM 1 per share; together with 4% of Par Value.
MALTON-PA
- construction company who build PAVILION, HELP Institute at Damansara Height. But the HELP institute has moved to other place. The existing location will build Pavilion Damansara.
股价 ： RM 0.60++
LA ： RM1.00++ 低价 (minimum price), 1比1对换，每年Par Value 6%。
如果母股 RM2， LA = RM 2.
如果破产，还可以收回 RM1.
蓝筹股/绩优股
指数股
由马来西亚30间最大的公司组成。（如：Maybank, Public Bank)
所以指数高低并不能代表整个马来西亚的股市/行情。
这30间公司要倒闭都很难，不过有例外： MAS.
红筹股/龙筹股
- 和中国有关系的股票
青筹股
和环保有关系的股票
黑筹股
和非洲有关系的股票
如何开始
马来西亚股票交易所(1818）
Noon time and after 7pm or 8pm : check if there is any announcement for the company you have share/interest.
normally news will be release during noon time, then afternoon time or before the market close, maybe able to sell/buy at better price.
Register via Bank : Nomination (no annual report, no voucher, have to pay higher fee etc)
Register via Investment Bank : Can be 1) Direct ; 2) Nomimation.
Stock code : cannot be change.
Stock name : can change (history of change eg : Vivocom, Harvest - both not good).
A good company need not change name.
Example for good company :
Tabung Haji (starts with TH____)
Lion Industry
Indicator in system :
* Company got announcement
x date for dividend
c related with monetary
purple colour : Ace Market 创业板
白色 ： 创业板去到主板
Vol : 累计量
Vol 后面那排 ： 看买在什么价钱比较好
T-0: 开市价 (预测开市的价格）
General Information
ISIN : 国际代号
股票可以转移如：TOPGLOVE 在新马两边上市
Market Cap : Total share x current market share price.
Syariah : 债务不能太高，Halal.
Shortsell indicator :
1) Yes : 可以被卖空。 要小心。给基金或有钱人转动的。缺点：可以掉到RM0.005 (半分)
2) No : 不可以被卖空
EPS, P/E, Profit : 和同行比较才有意思。
Nestle : P/E = 40+,
Ajinomoto : P/E = 20+ 30+
两者皆能投资，还有成长空间。
股票的量： 量少，需求高，股价就一直上。
Technical indicator : 技术性的。
ISI：温度计
50-70% ：比较正常
30% ： 冷
Buy : 越低越好
Odd Lot 市场：有些系统可以买Odd Lot。
E.g : Nestle 1 Lot = RM 8k. 太贵。可以买散股。
FBMT = TOP 100 company
FBM70 = Top 100 - Top 30.
FMBscap = small capital.
Monday, 5 September 2016
Wednesday, 31 August 2016
SUNREIT AGM
First AGM to attend.
Details :
SUNREIT
Date : 29 September 2016
Time : 3pm
Venue : Grand Bahamas, Level 12, Sunway Resort Hotel & Spa, Persiaran Lagoon, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan
Details :
SUNREIT
Date : 29 September 2016
Time : 3pm
Venue : Grand Bahamas, Level 12, Sunway Resort Hotel & Spa, Persiaran Lagoon, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan
Monday, 16 May 2016
Notes from reading
1) Earning per share (EPS)
2) Equity = value of the funds contributed by owners (shareholder) + the retained earnings/losses.
Shareholder equity = Total assets - Total liabilities
3) Returns on Equity (ROE) ** MOST IMPORTANT **
= Net income or Net profit
Shareholder's equity
= Net income or Net profit
(Ending Equity + Beginning Equity) / 2
= Percentage of returns from the resources which shareholders provided to them to generate profits.
= shareholders returns on investment.
>> When ROE ^, stock price ^.
>> look for past 5 to 10 years ROE to view on company's growth
>> if ROE > 15% and maintain it, ---> good company.
>> conditions for companies to have a high ROE :
(i) company is really good at growing its business with ^ earnings.
(ii) company pays dividend & hence reduces the equity of shareholders & make it easier to post higher ROE.
TIPS : Companies which are growing at a rapid rate normally do not pay high dividends.
ROE α 1
Equity
When equity low, ROE ^.
(iii) manipulation - company buy back stocks by cash.
sales of assets, or one-time gains ----> artificial boost.
** be aware of this trick.
** look at historical records will help to recognize this manipulation.
4) EPS Growth Rate (EPSGR) : good if ≥ 15%
5) Debt Equity Ratio (should < 0.5)
D/E = Total debt
Shareholders equity
>> companies with high ROE and EPSGR, with a healthy cash flow & minimum debt are always better than those with similar ROE but with huge debts to settle.
>> shareholders equity = shareholders' claim to a business's assets after all creditors & debts have been paid.
>> shareholders equity = Total Assets - Total Liabilities.
>> D/E < 0.5, means $1 spend will earn $2 in equity.
6) Net Profit Margin
Profit Margin = Net Profit
Revenue
>> e.g : making $2 profit in revenue for every $4 spent is better than making $1 profit in revenue for every $4 spent.
Profit margin = 2/4 = 0.5 (50% --- high profit margin)
Means making $0.5 for every $1 spent.
>> the higher the profit margin, the better the company's financial health.
7) Valuing stocks
>> don't buy stock at just any price.
>> the higher the price you pay for stocks, the lower the rate of potential returns.
>> you should know the maximum price you should pay for good stocks. Try to make your valuation estimation realistic and conservative. Try to avoid overpaying.
7.1) Comparing Average Price to Earning Ratio (P/E)
>> Market capitalisation = number of outstanding shares x (multiply) current price per share = The "cost" of acquiring the entire business.
>> Price to Earning Ratio (P/E) = Market Value per Share
Earning per Share (EPS)
= help us know how much we are really paying for a stock.
>> Assuming EPS remains unchanged (which means EPS GR = 0%),
P/E = 30, means takes 30 years for the earnings to equal the buying price.
e.g : company A : P/E = 5. company B : P/E = 20.
This means that :
(i) The market values the stocks of Company A at $5 for every $1 of its earnings,whereas,
(ii) It values the stocks of Company B at $20 for every $1 of earnings.
One analyst may find that Company A is more attractive since it costs less for the same earnings of $1. A second analyst may reason that Company B is more attactive as a higher P/E means that the stocks are more valuable in that the company has a higher potential to deliver attractive returns.
So, whicih is the best, a low or high P/E?
** Please take note, if stocks have passed the tests of ROE, EPS GR & D/E, the lower the P/E, the better the stocks. So, go for lower P/E.
** Bear in mind, P/E can be reliable if :
(i) the EPS is stable & does not fluctuate by a great deal.
(ii) comparing of P/E is useful if they are in same industry.
>> If EPS is keep positive & growing ----> GOOD.
If EPS is become negative : P/E = ?? (unknown cos number cannot be divided by negative number).
** DO NOT CONSIDER if a company does not earnings or an EPS until it posts a sustainable positive EPS.
>> some analysts provide a P/E range calculated using he highest and lowest value for a given year or period. I think this is fair. As with all other numbers (ROE, EPS GR, etc), it is more valuable to look at P/E overtime (past 5 to 10 years in order to determine the trend.
>> average P/E will allow us to relate the current P/E to the range of P/E experienced by the shares in the past.
>> ideal stocks must have a P/E which is at least below mid range.
e.g : Past 10yrs, highest P/E = 30, lowest = 20. Average = (30+10)/2 = 20.
If stocks selling below 20, can consider to buy.
In conclusion, you can get into a lot of trouble if you only look at simple indicators such as P/E ratio alone.
A high P/E ratio could mean that the stocks are overvalued and there is no guarantee that they will come back down any time soon.
Even if stocks are undervalued, it could take years for the market to value properly.
2) Equity = value of the funds contributed by owners (shareholder) + the retained earnings/losses.
Shareholder equity = Total assets - Total liabilities
3) Returns on Equity (ROE) ** MOST IMPORTANT **
= Net income or Net profit
Shareholder's equity
= Net income or Net profit
(Ending Equity + Beginning Equity) / 2
= Percentage of returns from the resources which shareholders provided to them to generate profits.
= shareholders returns on investment.
>> When ROE ^, stock price ^.
>> look for past 5 to 10 years ROE to view on company's growth
>> if ROE > 15% and maintain it, ---> good company.
>> conditions for companies to have a high ROE :
(i) company is really good at growing its business with ^ earnings.
(ii) company pays dividend & hence reduces the equity of shareholders & make it easier to post higher ROE.
TIPS : Companies which are growing at a rapid rate normally do not pay high dividends.
ROE α 1
Equity
When equity low, ROE ^.
(iii) manipulation - company buy back stocks by cash.
sales of assets, or one-time gains ----> artificial boost.
** be aware of this trick.
** look at historical records will help to recognize this manipulation.
4) EPS Growth Rate (EPSGR) : good if ≥ 15%
5) Debt Equity Ratio (should < 0.5)
D/E = Total debt
Shareholders equity
>> companies with high ROE and EPSGR, with a healthy cash flow & minimum debt are always better than those with similar ROE but with huge debts to settle.
>> shareholders equity = shareholders' claim to a business's assets after all creditors & debts have been paid.
>> shareholders equity = Total Assets - Total Liabilities.
>> D/E < 0.5, means $1 spend will earn $2 in equity.
6) Net Profit Margin
Profit Margin = Net Profit
Revenue
>> e.g : making $2 profit in revenue for every $4 spent is better than making $1 profit in revenue for every $4 spent.
Profit margin = 2/4 = 0.5 (50% --- high profit margin)
Means making $0.5 for every $1 spent.
>> the higher the profit margin, the better the company's financial health.
7) Valuing stocks
>> don't buy stock at just any price.
>> the higher the price you pay for stocks, the lower the rate of potential returns.
>> you should know the maximum price you should pay for good stocks. Try to make your valuation estimation realistic and conservative. Try to avoid overpaying.
7.1) Comparing Average Price to Earning Ratio (P/E)
>> Market capitalisation = number of outstanding shares x (multiply) current price per share = The "cost" of acquiring the entire business.
>> Price to Earning Ratio (P/E) = Market Value per Share
Earning per Share (EPS)
= help us know how much we are really paying for a stock.
>> Assuming EPS remains unchanged (which means EPS GR = 0%),
P/E = 30, means takes 30 years for the earnings to equal the buying price.
e.g : company A : P/E = 5. company B : P/E = 20.
This means that :
(i) The market values the stocks of Company A at $5 for every $1 of its earnings,whereas,
(ii) It values the stocks of Company B at $20 for every $1 of earnings.
One analyst may find that Company A is more attractive since it costs less for the same earnings of $1. A second analyst may reason that Company B is more attactive as a higher P/E means that the stocks are more valuable in that the company has a higher potential to deliver attractive returns.
So, whicih is the best, a low or high P/E?
** Please take note, if stocks have passed the tests of ROE, EPS GR & D/E, the lower the P/E, the better the stocks. So, go for lower P/E.
** Bear in mind, P/E can be reliable if :
(i) the EPS is stable & does not fluctuate by a great deal.
(ii) comparing of P/E is useful if they are in same industry.
>> If EPS is keep positive & growing ----> GOOD.
If EPS is become negative : P/E = ?? (unknown cos number cannot be divided by negative number).
** DO NOT CONSIDER if a company does not earnings or an EPS until it posts a sustainable positive EPS.
>> some analysts provide a P/E range calculated using he highest and lowest value for a given year or period. I think this is fair. As with all other numbers (ROE, EPS GR, etc), it is more valuable to look at P/E overtime (past 5 to 10 years in order to determine the trend.
>> average P/E will allow us to relate the current P/E to the range of P/E experienced by the shares in the past.
>> ideal stocks must have a P/E which is at least below mid range.
e.g : Past 10yrs, highest P/E = 30, lowest = 20. Average = (30+10)/2 = 20.
If stocks selling below 20, can consider to buy.
In conclusion, you can get into a lot of trouble if you only look at simple indicators such as P/E ratio alone.
A high P/E ratio could mean that the stocks are overvalued and there is no guarantee that they will come back down any time soon.
Even if stocks are undervalued, it could take years for the market to value properly.
Sunday, 15 May 2016
一步一脚印 Step by step
15/5/2016 (Sunday)
1) email to "helpdesk@hlib.hongleong.com.my"
Email title : Application for Direct CDS account.
Documents required : TBC
Email content :
Helo there,
Kindly send a set of application form for Direct CDS account to address below :
Attn : Mr/Ms. AAA
xxx home/office address xxx
Regards,
AAA
*********************************************************************************
Email on 15/5/2016 10.30pm (Sunday), get reply from Sophia Ooi on 16/5/2016 - 8.30am (Monday).
Speed : 5 stars.
Document will be send out as normal mail.
*********************************************************************************
20/05/2016 (Friday)
Receive application form from HLBB.
*********************************************************************************
25/5/2016 (Wednesday)
Make up my mind to fill up form and to submit to HLIB
Direct CDS, CDS = Central Depository System
Any enquiry related with HLeBroking application, can contact
Bandar Utama Branch
Level 10,
1 First Avenue Bandar Utama,
47800 Petaling Jaya, Selangor
Tel: (03) 7728 8222 Fax: (03) 7729 2829
PIC contacted : Sophia.
HLB whatsapp : 012-287 4790
*********************************************************************************
2/6/2016
Receive email to register online at HLeBroking website.
5/6/2016
Online registration at HLeBroking
*********************************************************************************
1) email to "helpdesk@hlib.hongleong.com.my"
Email title : Application for Direct CDS account.
Documents required : TBC
Email content :
Helo there,
Kindly send a set of application form for Direct CDS account to address below :
Attn : Mr/Ms. AAA
xxx home/office address xxx
Regards,
AAA
*********************************************************************************
Email on 15/5/2016 10.30pm (Sunday), get reply from Sophia Ooi on 16/5/2016 - 8.30am (Monday).
Speed : 5 stars.
Document will be send out as normal mail.
*********************************************************************************
20/05/2016 (Friday)
Receive application form from HLBB.
*********************************************************************************
25/5/2016 (Wednesday)
Make up my mind to fill up form and to submit to HLIB
Direct CDS, CDS = Central Depository System
Any enquiry related with HLeBroking application, can contact
Bandar Utama Branch
Level 10,
1 First Avenue Bandar Utama,
47800 Petaling Jaya, Selangor
Tel: (03) 7728 8222 Fax: (03) 7729 2829
PIC contacted : Sophia.
HLB whatsapp : 012-287 4790
*********************************************************************************
2/6/2016
Receive email to register online at HLeBroking website.
5/6/2016
Online registration at HLeBroking
*********************************************************************************
Tuesday, 8 December 2015
Useful Short cut key use in M.excel, website and M.word
In excel file ;
F12 : save in another file
CTRL + A + C+ N + V : copy all content and paste in new file
For website :
CTRL + T : open new Tab
CTRL + L : Insert website address instantly
CTRL + F4 : close instantly
Window + D : show desktop
For Words
CTRL + Z : delete all
CTRL + Delete : delete all words after "l"
CTRL + Backspace : delete all words before "l"
F12 : save in another file
CTRL + A + C+ N + V : copy all content and paste in new file
For website :
CTRL + T : open new Tab
CTRL + L : Insert website address instantly
CTRL + F4 : close instantly
Window + D : show desktop
For Words
CTRL + Z : delete all
CTRL + Delete : delete all words after "l"
CTRL + Backspace : delete all words before "l"
Monday, 7 December 2015
小小心得
最近工作量不多。而有一点点的时间胡思乱想想想自己的前途。
一直希望将来每个月有被动收入。不过，空想无用，行动才是最实际。
然而本身的知识还真不够，所以要多看书，多吸收知识。
这也是行动之一。有了知识才能够参与实战。
先可胜而后求战。不可先战而后求胜。
一直希望将来每个月有被动收入。不过，空想无用，行动才是最实际。
然而本身的知识还真不够，所以要多看书，多吸收知识。
这也是行动之一。有了知识才能够参与实战。
先可胜而后求战。不可先战而后求胜。
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