Book Review - 論戰

總結
1)面包貴過面粉
當面粉比面包貴，即後期面包會更貴。
(發展商以高價買地皮；肯定看好後市。房價只會更貴)
如油價現USD 140階段 ；但期貨則USD120後期肯定下跌。
Commodities price will determine cost for product.

2)投資房產要以社區(neighbourhood)為首要考量；地點(location)其次。
富人社區最為有投資價值

3) 要以元帥角度看戰爭，不要贏一場戰鬥輸掉整場戰爭
投資股市如戰爭, 思維要像元帥.
由小兵升級到先鋒到將軍到元帥

4) 牛眼投資法
以過濾法選強勢股
如看好一個行業
可買十個看好行業的股票
一個月後淘汰五只跑輸大市的股票
兩個月後再淘汰兩只跑輸大市的股票
剩下的所有資金買進三只股票
然後直到趨勢改變才賣出

AGM - PPB - 15 May 2018

Attended but just collect and go.

gift is as usual as below,

all PPB own product from dairy bread massimo , tuna can , Vsoy, neptune oil,  jordan , GSC.
thru these product easier to know about what the company do or sell.
as Lynch way, learn what product best selling in the super market you will know what is your next investment idea. or product that worth to be investing.

AGM - IGBREIT - 23 Apr 2018

Attended IGBREIT AGM.

Voucher - RM 38 Food & Tea voucher.

IGBREIT performance as below,
1) Mix tenant for rental.
2) Gross psf rental increase yearly. MV about RM 14.63 ;The garden about RM 12.58 average.
3) MV rental increment seem much better comparable to The garden.
4) loan converted into MTN bond with 7 years tenure coupon rate between 4.4% ; but after 5th year will become 5.4% if not redeem within 5 years. this could lead info that IGB plan to finish the debt within 5 years and issue new bond ? (no need worry about interest rate increase in future)
5) Revenue up 3.6% cost up 3.4% overall still acceptable.
6) Dividend payment from semi annual become quarterly payment.( Good initiative)

Overall company have reach 100% occupancy, and future will increase additional 1k plus car park to accommodate the mall. the construction towards the SP setia bridge is on going expect it will bring more foot step to MV & Garden.

進撃の百萬組合 - (6)

Summary

Target : 1,000,000
Current :
Balance :
Cost :
Cash :

--------------------------------------------------------------------------------------------------------------------------
MYR
Total = RM 160,947
Cash =


USD
Cash = $ 18,865.48


HKD
Tencent 100 - 409.60 = 40,960
Yihai 1000 - 12.12     = 12,120

Total = HKD 53,080
Cash = HKD 102,106.57

AGM - LPI - 27 Mar 2018

Incident happen for penang flood in year 2017 cause RM 43.5 Mil claims.

over the years. about 38-40% claims incurred ratio.

Door Gift and breakfast meal.

AGM Summary

Overall company perform well in Y2017, and issue bonus share to increase the liquidity of the stock.

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Some knowledge on Insurance Industry

On Insurance company evaluation,

The insurance industry can be broken down into two categories:

1)Life Insurance

2)Property and Casualty (P&C) Insurance

Life insurers underwrite policies that insure persons against terminal illnesses or death.

P&C insurers underwrite a myriad of policies that insure anything from car accidents and earthquakes to kidnapping and terrorism.

LPI only provide P&C Insurance.

Insurance Industry make money via 2 channel

1) Earning Premium (client pay premium for event yet occur)

2) Investment Income (Gain from Premium)

Important Evaluation Criteria would be 

combine ratio = (Losses + Expenses) 

                          Premiums

Eg. 1

combine ratio = (100 + 10) 

                      100

combine ratio = 110%

*above 110% means making loss

Eg. 2

combine ratio = (50 + 10) 

                    100

combine ratio = 60%

*below 100% means earning. The lower the better

In this case LPI perform well at combine ratio of 64%. 

Others Financial EBITA, working capital,capital expenditure not suitable for insurance as the nature of business is earning premium in debt and gaining from investment. so as long as peace nothing happen insurance will continue earn more.

Hang Seng Index Drop 1000 pt. 30,046.62 - 23 Mar 2018

Stock drop again due to Trade war.
below Top 20 stock drop.
if compare to last month drop. almost same.
for HSI it is almost close to support line.
if further down will be lower low.

TSLA - 12 Mar 2018 - Sell put option

Sell put option

Reason
1) Stochastic in oversold area.
2) Strike price Out of Money ~ 100%
3) strong price support at 300 ~310
4) option expired in 2 weeks time.
5) VIX index lower range - 15 ~ 16

Plan
1) buy back put option if have gain > 80% or 1.2 ; else wait for expired. depends on stock direction.