一份你值得拥有的知识！

恐龙为什么会绝种呢？是因为大陨石从太空撞击到地球，然后有火山爆发，火灾，才令到所有的恐龙灭亡绝种的。这个是我上几个星期去新加坡旅行时，我的朋友发问了我个问题。

科学家相信是陨石毁灭了恐龙

但是他说我的答案是错的。他认为，恐龙绝种的真正原因是因为，恐龙们不能适应新环境，而导致他们绝种的。假设他们的适应能力强，他们现在一定还在生存着。

我想了想，我觉得也很有道理，也把这个道理放在我的股票投资理念上。其实，对我而言，一个成功的投资应该要在不同的时候，不同的情况，不同的经济状态，适应当时的环境，无论是牛市熊市，都可以大显身手，大展鸿图，从股市里捞一笔。

从恐龙年代直到现在，只有一种生物活到到现今，那个就是打不死的小强-蟑螂。蟑螂不断的革新，改变，适应新的环境，所以他们才能够生存到今天。我曾看到一份报导，如果家里有一只蟑螂，那么就代表家里应该还有一群蟑螂。如果要彻底消除它们，就要寻根究底，把窝给烧掉，一家大小统统消除，一点痕迹都不可以留。（其实，我本人很害怕蟑螂，尤其那种会展开翅膀飞的那种，哈哈）

如果你喜欢我研究股票的方法和我的文章，你可以点入一下的网址来加入我

https://www.facebook.com/gainvestor10sai/?fref=ts

你将会在最快时间内收到我的最新股选和最新的文章。

如果我们把蟑螂的适应能力放在我们的投资理念里，随着任何的经济状态，我们不断地革新，改变，寻找最适合的投资方法，我们肯定可以牛市或者熊市里生存下来。当然，这点根本不简单，我们要多读报纸和经济刊物，多思考，多讨论，然后最重要要有自己的想法，因为最终，自己负责自己的决定，自己的决定自己负责。

千万要记得，要有自己的思考，不要道听途说。因为一人传虚，万人传实，一个被拟造的假消息，经过人们的谣言，也会变成事实了。在牛市里，全部人都是“股神”，连身边的姨妈姑姐，巴刹的买菜叔叔都可以变成股神。如果一粒股票被某某人说中了，就会有很多马后炮了。在熊市里，全部都是静静，一声都没有，“股神”就没有那么“神”了，马后炮的事件也会因此而减少。

SCGM - Plastic Packaging

SCGM Plastic Products

Are these products looks familiar to you? Yupe, all the things displayed are plastics. Nowadays the plastics are widely used in our life. When we go to night market to have a drink, when we go to buy eggs, or even the sandwiches, all the food are put in a plastic container. And today, we are going to talk export oriented plastic industry which benefits from low oil price. Over the weekend, i attended Grandpine Capital's event on 20 December 2015 whereby i had a chance to listen to the Chairman Dato Sri Lee Hock Seng introducing his company, SCGM.

SCGM Berhad (SCGM) was established in 1984 through its wholly-owned subsidiary, Lee Soon Seng Plastic Sdn Bhd, and is Malaysia's leading thermo-vacuum from plastic packaging manufacturer. SCGM provides end-to-end production from extrusion sheets to packaging and delivery to its customers in Malaysia and overseas, which includes Myanmar, US, Thailand, New Zealand, China, India, Hong Kong, Portugal and Australia[1][2].

SCGM Plastic Products Variety

SCGM has more than 60 well-known brands in its portfolio from various sector including food, medical, electronics and others[1]. From the pictures above, we saw these plastic products are widely used in our society nowadays, especially in the food packaging industry. SCGM has more than 5,000 different moulds in current use to form thermo-vaccuum formed plastic packaging products whereby they have the technology and the capabilities to thermo-vacuum form single layer and multilayer extrusion sheets into plastic packaging, with thickness ranging from less than 0.11mm to 2mm. These extrusion sheets are semi-raw material used in the production of thermo-vacuum formed plastic packaging.

SCGM's packaging is used to pack a variety of food products, including sandwiches, cakes, chocolates, biscuits, salads and moon cakes. Thermo-vacuum formed plastic packaging for food products should not contain any components that could migrate into the food, including harmful chemicals, contaminants and other relevant ingredients. And SCGM had been adhering to all the international standards. According to Mr Chairman, he mentioned that in order to be widely recognized, first they must adhere to the international standards, then only they can sell their products to overseas. Meanwhile, for the electronic products, SCGM is able to produce antistatic and black conductive trays to hold semi-finished electronic products, such as liquid crystal display and hard disk drive parts, as well as packaging to store end-products[2].

SCGM Plant

SCGM has a strong in-house design capabilities to customize packaging according to customers' requirements. SCGM owns the "Benxon" (as in the picture above), "TempScan", "TempScan Cover", and "Kingtex" brands, with about 52 mould designs registered under the Intellectual Property (IP) Office of Singapore and 62 mould designs registered under IP Corporation of Malaysia[1]. Currently, SCGM has a wide distribution network of 30 distributors and exports to 20 countries. As mentioned by Mr Chairman in the event yesterday, there are still a lot of markets in Malaysia, and their current ongoing strategy is to venture into Pahang.

GDEX - Your Christmas Express Delivery Service

Express Delivery and Logistics 

GDEX - Delivery Service You Trust. The slogan that the company had been using since 1997 when it was formed. GDEX is a courier service which operates a network of 136 stations, comprising of 59 branches, 2 affiliate stations, 52 agents and 23 lodge-in centres through East and West Malaysia. GDEX has a fleet of more than 400 trucks and vans used primariliy for hauling of documents and parcels between stations and the National Hub (termed "line-haul" fleet) for local pick-ups and deliveries [1]. The principal activities of GDEX are express delivery and logistics. Express delivery is delivery of products from door to door. Logistics is defined as warehousing and distribution for the products. There are a lot of competitors for the delivery services, like, Fedex, DHL, Pos Laju, ABX, Nationwide and etc etc. But in Malaysia, only GDEX and POS are listed in Bursa. And moreover, GDEX is Malaysia homegrown company. So i guess we should be support local companies. GDEX is highly active in Malaysia and Singapore. 

As we all know, the growing trend now in our world is online shopping aka e-Commerce. Online shopping is very convenient and easy. Just one disadvantage about online shopping, sometimes the thing we buy might not be the same as we buy. I tried online shopping buying a jacket, my personal experience is very convenient and easy, which prompt me to buy more stuff online. The reason why i am attracted to GDEX is because of the approaching Christmas Season. Christmas is a season of giving and receiving. Everywhere is decorated with Christmas decorations totally a happy atmosphere. And usually in the year end, there will be sales everywhere, and of course, there are sales in online shopping also. I browsed through Zalora and Lazada websites. And i noticed that GDEX had been doing their deliveries (refer to the pictures below). For Lazada, there is even Mega Days sales, counting down... If there are Mega Sales, things will be cheap, and consumers will buy more and more deliveries will be made.

Zalora website with GDEX doing their deliveries

Lazada website with GDEX doing their deliveries

And recently, ASTRO GO SHOP launched their ASTRO TV in Channel 318 and Channel 118. And also GDEX is doing their deliveries. Just to confirm on GDEX and ASTRO, i try googled and confirmed through the snapshot below.

ASTRO GO SHOP with GDEX delivering their products

赌博 vs 投资

前几天，我和我的housemate一起玩牌，玩21点，也玩了一点现金。虽然不记得怎么玩，但是一熟悉起来就很上手了，久了就会上瘾。

我那天只是玩小罢了，每场RM0.10。从RM0.30到RM1.60，赢了433%，哈哈。但是我觉得赌博其实只有50%的数学而已，只是赢或者输。

对我而言，玩牌时，我根本不能掌握那个结果，不能猜测他的成绩，所以，我下的筹码也小。虽然有点扫兴，但是我也没有兴趣赌博，只是充人数和抽热闹而已。让我在这里说说我的看法吧。

1）运气 vs 努力

先说赌博，大家都听到很多上云顶赌博，输到倾家荡产。同样的，投资，我也曾听过一些人输到倾家荡产。但是，赌博真的只是靠运气，对吗?只有50%的胜算。投资就不一样，投资靠努力收集资料，分析，经验，决定，当然也要有运气。

在股市生涯里，我们肯定会经过三番四次的失败和跌倒。最重要的，我们跌倒了，知道自己错在哪里。那些都是都是从经验学来的无价之宝。在赌博界里，从来就没有说，从经验里学习这些道理。

MIKROMB - Post Q1 2016

It is the last day of November and all the companies had released the Quarter Result. This is the last one that i had been waiting for... And in this post, i will include some of the findings that i find in the Annual Report 2015. You can refer to my first post on MIKROMB posted on 26 October 2015, by clicking this link, http://gainvestor10sai.blogspot.my/2015/10/mikromb-bomb-kaboom.html

1. Fundamental Analysis:

MIKROMB Q1 2016 Result

MIKROMB announces their First Quarter Result today, in the last day of November and also their Annual Report 2 weeks ago in November. 

Revenue and Net Profit

Let's talk about quarterly result first. By comparing with the same quarter, the revenue increased 22.36% due to the increase in sales. Not much surprise in net profit as it increased 18.04%[2]. So, for me, as long as the revenue and net profit is improving, then i think the business model is excellent. One thing to note here in the commentary on prospects, the current weakening of RM against USD is beneficial to MIKROMB in near term as the receivables in USD from oversea sales is higher than the payable in USD.

However, if the condition continues for a long run, MIKROMB will suffer because 63% of the revenue is derived from local sales. Mostly projects had been delayed to one or two years due to the slow economy. The management will intensify the efforts to improve oversea sales. As we can see from the charts on the left, the revenue and net profit are leading and growing every year. MIKROMB is a net cash company with 0.03 net cash per share. The average net profit margin from 2011 to 2015 is 17.82% while every year, the net profit margin exceeds 13%, which is a magnificent for a company like this.

Now let's take a look at the chairman statement in the Annual Report 2015. Export sales improved 67% to overseas market (Vietnam, India, Indonesia and Australia). MIKROMB is beginning to benefit from the brand equity and reputation. Their products are receiving the recognition from the global market. Latest landmark projects, such as KLIA 2, SP Setia HQ, Sunway Pyramid 3 and IOI Shopping Mall 2 at Putrajaya[3]. All of these projects are quite new, established in this year. As the business gathers momentum, MIKROMB need to expand capacity in order to fulfill anticipated sales demands and prevent stunting revenue growth due to capacity constraints[1]. They had acquired a vacant production factory which was approved on 6 November. While focusing at the domestic market, they will make more even inroads into oversea markets.