Thank you for the support

Thank you for the viewers and all you guys support
and able to let me reached over 10000 viewers
hope you guys continue support my blog
thank you and happy always
Really thanks a lot
work hard to increase more nice content
Happy always

Second Day of Chinese New Year

During the Second Day of Chinese New Year
try on my grey out fittings

Yeah!!! Grey outfit grey theme for today

for today went lot of place, such as my eldest uncle house, my sister godmother home, and my godsister place.

well really enjoy, as took lot of photos

and my longest friendship friends become a baker before he used to be hairstylist

well, everyone has their aim

just be happy 

know your own future

and know your direction

you can succeed one day

always keep this word for myself

walk one step, see one step

in chinese we say

走一步，看一步

Be happy always

First Day of Chinese New Year

Same like everyone first day of new year will go back visit all my parents side brothers and sisters
for me called as relatives
Well, as usual,wake up not so early just to visit them
and get some angpau (red packets) is our tradition by the way
to give the kids or the young one this red packets
this is my first day outlook

first day got red packets eating and enjoy lunch with relatives

sharing my future path way to them

get some more information

and really thank you to one of my relatives who gave me some money to go to UK

really thank you although we really less chit chat with each other

by the way

I'm still feeling awkward at the way other people look at my family

I can't get to know more about all my cousins

maybe is my personal problem

that I might not social enough

let's see how it goes in the future

I must be steady and calm to face my future

and to have my own family

Happy always

Wish everyone again

Happy Chinese New Year 2012

Happy CNY 2012

Wish everyone Happy Chinese New Year 2012

Enjoy your new year celebration

just need to take care of our health also at the same time playing

for me must take care of my body 

HAHAHHA...Happy always

Stand for whole day....TIRING~

Long time didn't stand for whole day for work..
now my leg super pain...
tomorrow will start my work at 3 p.m. because of the union lunch normally people make it dinner
anyway...
at least I can get my leg some rest
really so tiring..for my legs
Let's just be happy always and continue to work and enjoy day by day
today is the second day of my work by the way
things go smoother, have to work more harder to get everything learn
everyday learn more and more each day
happy always

Back to Promoters work

As I said I start my work today,
well back to the promoters world really make me can't used to it
lot of old experience still with me
but the skill need to revise back
doing things bit slow than what I used to be already
have to work harder to show that I can get higher pay too
as all this income going to spend for my UK trip and also life there when I'm studying there
Happy always

Nice Quote

I found this in Facebook...and it's really true.

Happy always

Second Day mission

Well, forgot to post my second day mission
as stating there I need to renew my passport and also apply for EPF membership 
and by using this opportunity to praise them, I think EPF is having the best customer service I had ever experienced they provide full information and handle every single problem with care. Good Job guys. proud of yourself

and I had made it both my task
mission accomplished.

After that I got my interview done also
just simple interview cause it's just promoter job in Parkson Malacca
so I will be start working on Friday






So just be ready to start again my promoter working time....
Happy always

Room Keeping

Seriously when doing my room keeping,
flash back lot of memories run in my mind
all the friends writing
and the childish act I actually did
and a lot more
to make everything short lets just let the photos to explained it

These are all the memories during my primary and secondary school time, really a lot there and I'm seriously can't contact some of my friends there already even with Facebook. Other than that is all the watches and calculator I got seriously a lot of watches I got.

This is my birthday presents by my classmates when I was 17 years old.

This is the water color I used to use every Sunday when I'm still taking art tuition

These are all the bags I got I seriously got a lot a lot a lot of bags that I don't even know where it came from

I guess everyone know what is this, LEGO...my childhood memory and also my own toy story

This is my own creation...

Goofy...accompany me when I'm still a child 

And I took my passport photo also

First Day of the week Mission Accomplished

Happy always.

Busy week again

Let's planned
For Monday- I need to clean up my room and take some passport photos
For Tuesday- gonna set up my own EPF accounts I get my job interviewed done
For Wednesday- do whatever I haven't do for cleaning or just clean whatever I can
For Thursday- perhaps same thing as Wednesday
and Friday on wards start my working day
whatever day is it...I need to do my exercise
Happy always

First day after I back from Malacca

Well, I gained lot of weight during last year,

when I came back KL, my Mum told me that I'm fat
I was like YEAH RIGHT

so I plan to have my jogging or running around my house area, and after my jogging, GUESS WHAT
my parents bring me eat Bak Kut Teh
which consists of lot lot lot of meat (pork)
which also extremely fat...E.M.O.
what to do....is like that...just I need extremely more exercise...
after came back from my fattening breakfast
I went out with my relatives
at the same time finding my jobs and lot lot lot of things need to get done by these few days before I start my work...
so going out with them, they order some really giant huge meat (pork) again....
O.M.G. today is like pork day...luckily I don't have it for my dinner
Guess where am I having such a good lunch
is in OverTime  

at the same time show you guys some pictures I took from Malacca

Tomorrow will be a whole new busy day...

Happy always

Outing on 13.1.2011

Outing yesterday was very fun and nice....bit tired haha..
anyway for yesterday I woke up early in the morning just to tidy up some stuff or cleaning some stuff
after that go to management office renew my resident pass and settle my owner thing
settled everything after that go to LRT to meet my girl together with my friend
and we had our hair cut...READY for Chinese New Year wakkakaka
after having our haircut went to KLCC bought my girl CINNAMON and ALMOND Pretzel

CUTE  >~<

Anyway, after that I went to Kinokuniya bought some of the books that I want with the 1 Malaysia book voucher, guess what I bought?

                     and some new year card...

What a joyful day, after that we went to Pavilion to had some mille crepe 

really recommended to try this piece of cake..
after that met up with my fellow friends

and we watched a movie called The Great Magician

really good comedy, enjoy it..... :)

After movie, we went for steamboat with all the fellow gang, and met some long time friends...

miss those Diploma moment...T_T

anyway be happy always is the most important....

what a nice and joyful day....

after that straight went back home...

Be happy always.

My own country

There is a lot of news about my country

because of the coming new election

I'm still thinking lot of things

if we living in same country

what's the matter of different races, culture and colour of skin

still remember during my time the text book taught us that foreigners attracted our country

because we can live in harmony and peace even we are different races and culture,

I think is time for each of the Malaysian think back who contribute so much so that we got an independent country

think of every blood and tears that had sacrificed by people of Malaysia

I really miss those moment that I can communicate happily with all culture in Malaysia whereby they are friendly sharing each other opinion and information

because of the chaos lately

teacher and headmasters in school giving wrong info.

telling we must follow their religious and a lot of thing

and last year they came out this video song

which makes me wanna cry actually

this is what I want

I want to have a harmony place to live in

I'm always think that my country is still better compare with others

I must appreciate everything

and this song seriously makes me want Malaysia to become like this

share with you guys this song

http://www.youtube.com/watch?v=hwAOsnMqbcY

This song bring a lot of meaning sorry for delete it...

Happy always

Summarize

After all the three I shared,
I still prefer using Benjamin Graham way of valuation
simply because its simple not complicated

As an investor,
I normally will check the company cash and bank balances, their debts to check their repayment ability
and then dividend payout to justify whether I should do more further analysis or not.

If its need, I will start my valuation using simple valuation
just like the normal one book value or net assets valuation and P/E valuation

those other ratio already provided by the software,
after all these valuation I will prefer company that able to cover all its debts with its own cash
then check further detail on its earnings, sales, earnings per share whether it shows increase throughout five years or not. Minimum dividend payout around 5%.

After that check their BOD, competence enough or not.

Then will look at their segment reporting to identify the risk, whether their profitable business will affect by environment or certain countries and the other one is the country they expand or having business with.

All these simple valuation I will used to determine whether I should invest or not.
Be happy always

Warren Buffett

Actually for Warren Buffett strategy is a complicated to understand I seriously need some comments to show that I'm correct for each of his strategy

The first strategy is patient Investor Strategy, buy with great care and hold for a very very long long time

1. Large purchases (at least $75 million of pretax earning unless the business will fit into one of our existing
     units)
2. Demonstrated consistent earning power
3. Business earning good ROE and little debts employed and is better if the business don't have any debt
4. Management in place
5. Simple business (easy to understand)
6. An offering price which is known by, easily obtained.

This is a classic strategy of his.He want to invest in companies that have sold, reliable, conservatively financed businesses involving simple products and services.

Two other qualities he looks for in a companies is by having an enduring moat and a durable competitive advantage. Enduring moat means that it almost impossible for a competitor to overtake the company that you invest. Example of a company he invest is Coca-Cola.

Mary Buffett specifically lists a few broad categories of businesses that tend to get Warren's attention:

1. Business that makes products that wear out fast or are used up quickly, or makes products that
    merchants have to carry or use to stay in business, example toothpaste and carry by most of the
    shopping mall and convenient store.

2. Communication businesses that provide a repetitive service that manufacturers must use to persuade the
    public to buy their products.

3. Business that provides repetitive consumer services that people and businesses are consistently in need
    of.  For example, credit card and tax preparation services.

4. A business product has not changed much over time nor is expected to change much in the foreseeable
    future as to being able to predict the future earnings.

5. Companies that don't spend a lot of capital expenditure.
Other than these, strong management is very important too.

Now these are Buffett Strategy which has relative low risk, forever time to investigate a right company to invest and really really high effort.

First stage of analysis

a)1) Look at the nature of the company's business. (Strong brand Recognition)
   2) Look to see if company has the ability to pass on costs or manage the costs. (Costs increase cause by
        inflation and whether the company able to manage the cost by passing the cost)
   3) Look at the complexity of the product the easier the better.

b)Earnings Predictability, earning from year to year must be continually increased. (Based on Buffett, he
   focused everything on 10 years basis)

c)Level of debt must be lower than 2 times earnings.

d)ROE more than 15%

e)Return on total Capital Return must be more than 12%.

f)Companies will free cash flow will be better

g)Use of Retained Earnings, utilization of RE more than 15% by taking the difference between last
   year's fiscal earnings and earnings for the fiscal year ten years ago, and divides that figure by the total
   amount of RE over the same period. Provides the rate of return.

I think this is the example that how he examined this, and this is picked from this website

http://www.buffettsecrets.com/retained-earnings.htm

Take for example, Canon Inc. Using figures available from Value Line, we can calculate that, in the period from 1993 to 2002, Alcoa earned a total of $9.56 per share. It paid a total of $ 1.55 to shareholders by way of dividends. This means it retained profits over that period amounting to $8.01.

In that period, earnings per share grew from .24 to 1.79. That is, all the profits retained by the company ($8.01 per share) resulted in the earnings per share rising 1.55 (1.79-.24). To show the return percentage, the calculation is

1.55 x 100 = 19.35
          8.01

A return of 19.35% would be acceptable to most investors but, in the end, shareholders would have to consider whether, had they received all the profits by way of dividends, they could have put the money to better use.

Came to second stage of the analysis which about whether a company has an attractively priced or not.

a) The initial rate of return which is the EPS/Price per share and it must be more than long-tern treasury
     bond yield.

b) The Return on Equity Method which is the most complicated part of his that I wanna learn

    Step 1: Find the percent average ROE After Payout=Average ROE * (1-(Average payout 
                 percent)
    Step 2: Project the Equity in 10 years
                which by using the formula: FV = PV*(1+i)^n whereby the i percent average ROE After     
                Payout, PV is current equity per share, n is 10
    Step 3: Convert the Future Equity into a Future EPS
                Future EPS (in 10 years) = future equity/share (in 10 years) * 10-year average ROE
    Step 4: Calculate the Future Stock price
                Future Stock Price (in 10 years) = EPS (in 10 years) X historic P/E ratio (or current P/E ratio, if
                lower)
   Step 5: Calculate the Future Dividends and Add to the Future Stock Price to Get the Future Stock Price
               With Dividends
                Future Stock Price (with Dividends) = future stock price + total dividend payouts (10 years)
   Step 6: Calculate your Expected Rate of Return Based on the Average ROE Method.
               FV = PV * (1+i)^n
               PV = Current Stock Price
               FV=Future Stock Price + dividend pool
               n= number of years (10)                 Expected return is good when pass 15%


c) The EPS Growth Method
    Step 1: Calculate the expected future stock price (with dividends) based on average EPS growth method
     EPS in 10 years = (1+EPS growth rate)^10 * current year EPS
     Future Stock Price (in 10 years) = EPS in 10 years * 10 year average P/E (or current P/E if lower)
     Future Stock Price (with Dividends) = future stock price + total dividend payouts (10 years)
     Step 2: Calculate your expected rate of return based on the average EPS growth method
     FV=PV*(1+i)^n
     PV = Current stock price
     FV = Future stock price with total dividend pool
     n = 10 (number of years)                           Expected Return more than 15% is good

d) Average Final return = (Expected Return on Equity Method + ExpectedEPS Growth Method)/2

More than 15% is good

All the sharing is pick from this book:
John P. Reese with Jack M. Forehand,CFA,2009,The Guru Investor, How to Beat The Market Using History Best Investment Strategies,Hoboken,New Jersey,John Wiley & Sons.Inc

Next thing to share

Next  I will share on what I read about David Dreman,


now let's talk about David Dreman strategy,
actually after I read about it,
I found that most of them are investing and value and ensure that there didn't invest in overvalued stocks
so, according to Dreman, he uses his strategy which called as Contrarion Strategy which about differentiation and doing things differently compare to what others do.

There is one chinese book I read, he mentioned about this too and called as clock that go the other way round which is moving in anticlockwise saying the same thing which have to act differently compare to other people.

So, what mean by act differently with others?
Normally people will buy the company shares when the stock is in favor and purchased by people around and cause the company share price went up very high all because of overreaction of people.
Therefore, Dreman mentioned that is better for us to buy stock with share price undervalued which has a higher opportunity to gain capital gain in terms of raising in share price in the future.

Therefore, these are the requirements that stated in Dreman
1) P/E ratio (Price to Earnings), P/C ratio (Price to Cash), P/B ratio (Price to Book Value) & P/D ratio
    (Price to Dividend Payout) must be lower than 20%.
2) Company with market capital of top 1500 companies, which show improvements.

3) Earnings Trend EPS of Quarter 1 must be more then EPS of Quarter 2.
     Based on this point I agree what my girl told me, is because Dreman looking for low price share which
     didn't overvalued therefore if the company EPS keep growing everyone will purchase the company
     share and cause the company share price overvalued.

4) EPS must growth better than the country market indices. For e.g. US=Dow Jones, NASDAQ & S&P
    500, Malaysia = KLCI

5) Company current ratio must be more than 2.

6) Dividend payout must be lower in the pass so that company able to pay higher dividend in the future.

7) Return on Equity (ROE) must be more than 27%

8) Pretax profit margin which is pretax profit/sales must be more than 22%
9) The return must more than the market indices at least 1%

10) The Debt/Equity ratio must be 0 will be better. 

John P. Reese with Jack M. Forehand,CFA,2009,The Guru Investor, How to Beat The Market Using History Best Investment Strategies,Hoboken,New Jersey,John Wiley & Sons.Inc

Based on what I read, I found that more of the great investor who using value investing very focus on the company book value, which is the main part, if the company book value is less than the current share price therefore it's not a good choice to invest in it.

Other than that, focus on company assets, has low liabilities, able to generate more dividend increase shareholder maximization of profits.

These are all about my own thinking. If there is any other more sharing do drop by some comments to strengthen my points. Thank you.

Happy always.