Author: The Fifth Person

5 important resolutions to stick to as an investor in 2020

Welcome to 2020! As we head into a new decade, it’s easy to get carried away with the optimism that every new year brings. We have all our resolutions jotted down (Ok, no pineapple tarts this lunar new year) and the goals we want to reach in 12 months’ time. However, we all know that many resolutions fall by the wayside pretty soon (OMG, these pineapple tarts are delicious!), and the main reason for that is because we don’t set clear and definable targets that tell us we’re actually getting closer to our goals. ‘What you don’t measure, you...

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10 things I learned from the 2019 Inari AGM

Listed on the ACE Market of Bursa Malaysia in 2011, Inari Amertron Berhad is principally involved in back-end semiconductor packaging services, which mainly comprises back-end wafer processing, package assembly, and radio frequency (RF) final testing. The company acquired Amertron Inc (Global) Ltd for RM103 million in June 2013, adding optoelectronics and fibre-optic packaging services to the group. The company has a total of nine plants across Malaysia, the Philippines, and China. U.S.-listed Broadcom Inc. is a key customer which contributes more than 70% of Inari’s revenue. Over the past few years, technological advancements of the smartphone had helped boost...

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8 things I learned from the 2019 Berjaya Sports Toto AGM

Incorporated in 1969 as Unilite Electric Industries Berhad, Berjaya Sports Toto Berhad (BToto) obtained its current name after acquiring Sports Toto Malaysia Sdn Bhd (Sports Toto) for RM600 million in 1992. BToto has four main operating subsidiary companies namely Sports Toto, Berjaya Philippines Inc., International Lottery & Totalizator Systems Inc., and H.R. Owen Plc. The core businesses of the group are the operation of Toto betting; motor retailing, repair and maintenance and provision of aftersales services; leasing of online lottery equipment and provision of software support; and development, manufacturing and distribution of computerized wagering and voting systems. Here are...

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7 things I learned from the 2019 Scientex AGM

Scientex Berhad’s core business spans across two segments, namely manufacturing and property. Scientex is involved in the manufacturing of stretch films, custom films, specialty products, and flexible plastic packaging with factories in Malaysia, Vietnam, Myanmar, and the U.S. It is also a property player with a focus on affordable housing segment in Peninsular Malaysia. Scientex’s acquisition spree continued apace in 2019. It is the single largest shareholder of Daibochi Berhad, a flexible plastic packaging (FPP) manufacturer, when it acquired a 61.9% stake in Daibochi in March 2019. Through Daibochi, Scientex also acquired Mega Printing & Packaging Sdn Bhd, another...

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8 things I learned from the 2019 Karex AGM

Karex Berhad is the world’s largest condom manufacturer by volume in the world. Karex grew rapidly over three decades as a contract manufacturer for well-known global brands such as Durex and Ansell, and by supplying bulk orders to global public health organizations. In 2014, the company acquired 55% of U.S.-based Global Protection Corp, the company behind the ONE brand of condoms, which gave Karex the rights to distribute the brand in Australia and countries in Asia and North Africa. Karex’s own Carex brand of condoms is also a leading mass-market brand in the Middle East. Since reaching a peak...

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5 things I learned from the 2019 Berjaya Food AGM

Berjaya Food Berhad owns Starbucks stores in Malaysia and Brunei, Kenny Rogers Roasters restaurants in Malaysia, and Jollibean stores in Singapore. It also sells canned and bottled Starbucks coffee and Joybean soy milk beverages for the retail market. In 2019, it owned a total of 407 stores. I wondered how Berjaya Food was performing as there seems to be a Starbucks store at almost every corner of the Klang Valley. So I attended its most recent AGM to learn more. Here are five things I learned from the 2019 Berjaya Food AGM: 1. Revenue increased 23.3% year-on-year from RM639.7...

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7 things I learned from the 2019 Supermax AGM

Established in 1987, Supermax Corporation Berhad manufactures, distributes, and sells natural rubber and nitrile gloves. The company started off trading and distributing natural rubber gloves and subsequently ventured into glove manufacturing and contact lens manufacturing in 1989 and 2014 respectively. It currently owns 12 glove factories and exports gloves to over 165 countries. I came across an article that discusses how the founder, Dato’ Seri Stanley, his wife, Datin Seri Cheryl Tan Bee Geok, and his sister-in-law, Tan Bee Hong, were found guilty of insider trading in 2018 and are appealing their sentences. The couple was also disqualified from...

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10 things I learned from 100 Baggers by Christopher Mayer

The term ‘10-bagger’ was first used and popularised by fund manager Peter Lynch to describe stocks that multiplied in value by tenfold. Christopher Mayer, portfolio manager and co-founder of Woodlock House Family Capital, took this a step further and wrote a book to discuss about 100-baggers. In his book, 100 Baggers, Mayer studied every company that returned $100 for every $1 invested between 1962 and 2014. The survey turned up 365 companies which was built upon a similar study conducted by Thomas Phelps, a stockbroker and investor. (Coincidentally, Phelps also discovered the same number of 100-baggers between 1932 and...

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4 important lessons we learned investing in 2019

2019 has gone by in a blink of an eye. It has been a tumultuous year in the market, filled with the uncertainties of geopolitical events such as the U.S.-China trade war, the UK (still) leaving the EU, and the now-withdrawn extradition bill that sparked months of unrest in Hong Kong. These events caused some investors to sell off, waiting on the sidelines for a golden opportunity to re-enter the market at a better price. As a result of that, those investors missed out on a good year, especially in the U.S. In 2019, the S&P 500 has a...

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8 things I learned from the 2019 Padini AGM

Listed in 1998, Padini Holdings is a fashion company that is largely based in Malaysia with a business presence across Asia. Padini owns a number of well-known brands including Brands Outlet, Padini, and Vincci. Its multi-brand Padini Concept Stores are quite well-received by consumers given that a small family can shop for a father’s shirt, a mother’s dress, and the kids’ tees under one roof at affordable prices. I attended the company’s latest annual general meeting to find out more about its past year’s performance and its outlook for the year ahead. Here are eight things I learned from...

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10 things I learned from the 2019 Caring Pharmacy AGM

Listed on Bursa Malaysia in November 2013, Caring Pharmacy Group operates a chain of community pharmacies under the CARiNG brand in Malaysia. The company retails pharmaceutical, healthcare, and personal care products. It is also involved in the central warehousing and distribution of pharmaceutical, healthcare, and personal care products; and Internet and warehouse sale of healthcare and personal care products. The company was founded in 1994 and is headquartered in Petaling Jaya, Malaysia. The company has experienced robust growth in recent years, and I attended the AGM to learn more about the company. Here are 10 things I learned from...

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MTR Corporation: Are earnings and long-term prospects at risk due to the Hong Kong protests?

Listed on the Hong Kong Stock Exchange since October 2000, MTR Corporation Ltd is a transport conglomerate that owns and operates Hong Kong’s rail system comprising 10 railway lines serving Hong Kong Island, Kowloon, and the New Territories. MTR also operates light rail services and the Airport Express. On the real estate side of the business, MTR also rents out station retail space and sells advertisement space on trains and in stations. The group also develops mainly residential properties in Hong Kong by partnering with property developers, and holds investment properties such as shopping malls, offices, and car parks....

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9 things I learned from the 2019 IOI Corporation AGM

IOI Corporation Berhad is one of the largest integrated plantation companies. IOI is valued at about RM27.6 billion and is one of the top 30 largest companies listed on Bursa Malaysia. Its founder, the late Tan Sri Dr Lee Shin Cheng passed away recently in June 2019. His rise from an ice-cream seller to a plantation and property tycoon is a classic rags-to-riches story. I took the chance to attend the annual general meeting of one of his legacies, IOI. Here are nine things I learned from the 2019 IOI Corporation AGM: 1. IOI recorded a net profit from...

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Dairy Farm International: Is a transformation in sight?

Dairy Farm International Holdings Ltd (DFI) is a pan-Asian retailer that operates 9,700 retail outlets consisting of hypermarkets, supermarkets, convenience stores and health and beauty stores. The group has a presence in Singapore, Malaysia, Indonesia, Hong Kong and China and employs over 230,000 people. DFI has grown over the years to become a powerful force in retail, as it expands its retail brick-and-mortar presence. The group has Giant (hypermarkets), Cold Storage (supermarkets), 7-Eleven (convenience stores), and Guardian (health and beauty stores) as its core brands, while also operating Maxim’s food and beverage outlets in Hong Kong, IKEA home furnishing...

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8 things I learned from the 2019 Tower REIT AGM

Listed on Bursa Malaysia on 12 April 2006, Tower REIT currently has a real estate portfolio consisting of two commercial office buildings: Menara HLA and Plaza Zurich. The properties are valued at RM342.2 million and RM220.1 million respectively as at 30 June 2019. After Bank Negara Malaysia cut the overnight policy rate (OPR) by 25 basis points on 7 May 2019, banks and research houses were expecting another rate cut of the same magnitude by year end, inciting investor interests in dividend stocks, including REITs. As a result, 10 out of 18 Malaysian REITs listed on Bursa Malaysia have...

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