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.

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

*********************************************************************************

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"

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。

槟城新景点

Penang Hill
Perbadanan Bukit Bendera,
Ayer Itam,
11500 Penang
6.30am - 11pm
Adult : RM 10 (MyKad)
Kid : RM 4 (MyKad)


鬼怪博物馆 Ghost Museum
57, Lebuh Melayu, Georgetown
Mon-Fri : 10am-7pm
Sat-Sun : 10am-9pm

Adult : RM 18 (with MyKad) RM 36 (Without MyKad)
Children : RM 8 (with MyKad) RM 16 (Without MyKad)


唐人厝  China House 
Penang longest Cafe. Build up by three old shop lots.
Kopi C, BTB & Restaurant, Beach Street Bakery, 14 Chairs, Vine & Single, Reading Room, Courtyard & Cafe & Burger Bar, Canteen & Bar, Art + Theatre.
153 & 155 Beach Street &
183B Victoria Street, Georgetown
Kopicine : 9am-11pm
BTB 6.30am - 10.30pm
Courtyard 12pm - 11pm


3D Trick Art Museum 
10, Lebuh Penang, 10200 Georgetown.
Mon - Fri : 9am - 6pm
Sat, Sun, PH : 9am - 8pm

Adult RM 15 (MyKad)
Children RM 10.


Batu Feringghi
Beach, Sun, Pasar Malam.


Penang Botanic Garden
Jalan Kebun Bunga, 10350 Penang.
Everyday : 5am - 8pm
Free admission.

Kek Lok Si

Lebuh Armenian

美句

每天都想逃离城市，过来这里慢活。看着夕阳轻轻地躺在湖面上，然后静静落下，真好。

我爱你。简单的三个字，让今天变得更完美。

日久生情，才是真的缘份。

漫漫人生路，最贵莫青春。

 路再难走，总无绝路，只要灯光尚存，命运或许改变在下一个转角。

人生百年，不可虚度。
天地有万古，此身不再得。
人生只百年，此日最易过。
幸生其间者，不可能知有生之乐，亦不可能怀虚生之忧。
无昏昏之事者无赫赫之功，无冥冥之志者无昭昭之明，有所弃才有取，有所不为才能大有所为。

http://365yb.com/meijumeitu/

http://www.zhaichao.cc/haocihaoduan/3581.html

Penang Food trail record

Penang Food Trail

Bangkok Lane Mee Goreng
Seng Lee Cafe
270, Jalan Burma, Georgetown
Opening hours: 8am – 6pm (Closed on Monday)

Recommended Hokkien Mee, Assam Laksa & Lemak Laksa
Kedai Kop Sin Hwa
329, Jalan Burma, Georgetown
Opening hours: 10.30am – 4.30pm (Closed on Thursday)

Ming Xiang Tai Pastry Shop
650meter, 8min walking distance from Georgetown Hotel.
Head Office Outlet :
133, Jalan Burmah, 10050 Georgetown Penang.
04-227 9880
Opening Hour : 8am - 11pm
星期六和星期日特别：黑豆浆和餐包 广式西饼，蛋挞，咸蛋酥，鸡肉烧包，核桃酥。

Sekeping Victoria
Coffee, dessert, gula-melaka ice cream
(nearby China House)

China House
153, Lebuh Pantai (Beach Street), 10300 Georgetown, Penang
An all-day cafe best suited for lazy retreat from the sweltering heat of the afternoon. GPS:5.414742,100.338668

Apom Manis Stall at Lorong Kuching,
next to Kedai Kopi New Cathay
425, Jalan Burma, Georgetown
Opening hours: 7am – 1pm (Closed on Sunday)

White Curry Mee (Non-Halal)
Hot Spicy Bowl Nyonya Delights
58, Jalan Rangoon, Georgetown
Opening hours: 8am to 3pm (Closed on Monday)

Lorong Selamat Char Kuey Teow (Non-Halal)
Kafe Heng Huat
108, Lorong Selamat, Georgetown
Opening hours: 11:30am – 6pm (Closed on Tuesday)

Teochew Chendul Penang Road
Famous Teochew Chendul
475, Jalan Penang, Georgetown
Opening hours: 10:30am – 7pm (Monday to Friday) & 10am – 7:30pm (Saturday to Sunday)

Lebuh Keng Kwee, 
10100 George Town
Mon - Fri : 10.30am - 7pm
Weekends : 10.30am - 7.30pm

Assam Laksa
Joo Hooi Cafe
475, Jalan Penang, Georgetown
Opening hours: 11:30am – 5pm

Nasi Kandar Line Clear
Corner of Lebuh Chulia and Jalan Penang, Georgetown
Opening hours: 24 hours

Popiah Kek Seng Coffeeshop
382, Jalan Penang, Georgetown
Opening hours: 11am – 4:30pm

Lorbak (Non-halal)
Kafe Kheng Pin 80, Jalan Penang, Georgetown
Opening hours:  7am – 3pm (Closed on Monday)

Pasembor
Kareem Pasembor Rojak
Lebuh Union, Georgetown
Opening hours: 11am – 7pm (Closed on Sunday)

Char Kuey Teow (Non-halal)
Jalan Siam (Siam Road), at the junction connecting to Jalan Anson
Opening hours: 3pm to 11pm (Closed on Monday)
Need to wait half hour at least. 

Hokkien Mee (Non-Halal)
Cecil Street Market
40-48, Lebuh Cecil, Georgetown
Opening hours: 7am until late

Curry Mee (Non-Halal)
Curry Mee Lorong Seratus Tahun, Georgetown
Opening hours: 7:30am – 2pm (Closed on Thursday)


Biscuit
Ghee Hiang
144-i Burmah Road
10050 Penang Malaysia
Tel: +604-228 1077
9am - 7pm

216 Macalister Road
10400 Penang Malaysia
Tel: +604-227 2222
9am - 9pm

Night time : 

Tavern in the Park
125, Jalan Timah, 
10150 George Town
Mon : 11.30am - 10pm
Wed -  Sun : 11.30am - 10pm

Pik Nik 
Along Nagore Road off Jalan BurmahUntil 2am on weekends. 
Waffles
(2 minutes walking distance from Georgetown Hotel) 

Moustache Houze
Crepes, cake and Coffee
12pm - 12am
nice music
(10 min driving distance) 

Narrow Marrow
252A Carnavon Street
016-553 6647
(10 min driving distance, it is a small shop lot, might not have enough seat). 

The Alley
5 Stewart Lane
04-261 3879
(10 min driving distance)