NESTLE 3rd Quarter 2017 Financial Result

Frankly speaking,

I am quite disappointed with this quarter result.... 

Revenue grew,

but because of rising cost of sales,

so the gross profit reduced.....

Mentioned above that the growth of revenue was contributed by

4.2% growth of local market and 6.8% growth of export market.

The reason of rising cost of sales were the price of sugar, milk powder and coffee beans rose,

and devaluation of Ringgit Malaysia.

All the new products that introduced at this year were listed above.

The management also mentioned that Q4 2016 profit was lower due to heavey marketing investment for an early Chinese New Year 2017,

so they expect Q4 2017 profit will be considerably higher.

The recent price trend of coffee, sugar and smp：

It seems like the price dropped recently,

but management still mentioned about rising cost of sales.

From what I learnt from DLADY about lagging effect,

is it because Nestle still using expensive coffee beans, sugar and smp that bought near the end of 2016?

Even though Nestle didn't perform well this year,

but the price of share still rose to more than RM80,

which meant that a lot of investors still have strong confidence at Nestle.

Will Nestle able to perform well at Q4,

to fulfill everyone's expectation?

I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.

Recent articles :
How I build my confidence to invest at a company for long term
A book that influenced my life
4 basic types of human personality
Year 2017: The consequence of long term investment
Public Bank 3rd quarter financial result


Other links:
List of articles of October 2017
My current investment portfolio
My self-introduction article

My Facebook Page

My Twitter : @TheCellist86

NESTLE 2017年第三季度财政报告

老实说，

我对于这一季的盈利是挺失望的啦。 

营业额进步，

但因为成本高涨， 

导致毛利减少.....

上面有说到， 

营业额的进步，

是多得本地 4.2%和出口 6.8%的成长。 

至于成本上涨的原因有写说是因为sugar, milk powder和coffee beans的原料价上升，

以及马币下跌。

上面有列出今年目前为止所推出的新产品。

还有说到去年2016年第四季的盈利很少是因为今年2017年的农历新年比较早， 

所以提早花钱做促销。

管理层认为2017年第四季盈利会比去年的高很多。

季报上提到的原料：

现在原料价已经滑落了很多，

管理层却说成本上涨是因为原料价上升，

根据DLADY事件中学到的lagging effect，

难道说是在用着2016年尾的贵货？

尽管今年Nestle业绩不理想， 

但股价却一直上涨到80多块，

显示着投资者们依然对Nestle充满信心。

Nestle能不能够不负众望，

在第四季交出靓丽的业绩呢？

以上言论没有任何买卖建议，
大家买卖自负。

最近文章：
我如何建立信心以长期持有一家公司
影响我人生的一本书
人类4大性格特质
2017年篇：长期投资的后果
大众银行2017年第三季度财政报告



其他链接：
2017年10月文章目录
我目前的股市投资组合
我的第一篇自我介绍文
我的脸书专页

我的推特：@TheCellist86

How I build my confidence to invest at a company for long term

Last time I wrote the article <<The consequence of long term investing>>,
so now I feel like want to elaborate more about long term investing,
that's why I chose this topic to write.

First thing first,

I think the most important is still understanding ourselves first,
before investing any company.
You can refer to the article <<DISC, 4 basic types of human personality >> that I wrote at October 2017.

Try to ask yourself.

What kind of person I am?
How is my personality?
Do I like something exciting?
Am I patience?
Do I easily change my mind?
Am I stubborn?

If you like something exciting,
then I don't think that long term investment suits you,
because it is quite a boring investment method.

Long term investing for few years, even more than 10 years,
can I tolerate this long?
Or....
am I willing to challenge myself to test my tolerance?

If your answer is "YES.",
then only you can start to consider long term investment.

If your answer is "NO",
then you can consider short term investment instead.
If you found the correct method,
not only is exciting,
but you can earn money as well.
Isn't that better?

I remember I saw a sentence from a investment guru:
"If you want to be a long term investor,
you need to be believer of better tomorrow."

If you everyday also imagine that tomorrow will be the end of the world,
or World War 3 is going to happen soon,
or Malaysia's economic will bankrupts soon,
then how can you have the confidence to invest for long term?

Apart from knowing about your personality,
is better to find out your cycle of competence as well.

What is cycle of competence?
It is an area where you have unfair advantages at.

For example,
let's say you are working at a shopping mall,
then don't you think that you have the unfair advantages of knowing which product is selling more,
which is selling less lately?

Understanding yourself is the 1st step.


2nd step,
is to understand the company.

How deep you can dig into a company to find out more information about it?

As for me,
if you look at my investment portfolio,
you will know that those companies that I invested at,
are either we can see their branches everywhere,
or their products can seen at any places.

Investing at a company that you are familiar at will help in building more confidence at it.

However,
you can't just invest at PARKSON or AEON just because you visit there everyday,
you need to understand their financial condition as well.

From here,
I will turn into a C type person.

If I found a company that I am interested to invest at it,
I will download and read all the annual reports of that company from Bursa website,
including the quarterly reports for the past 2-3years.
I will try to know the company basic financial ratio like EPS, PE, ROE and others,
observe if there is any changes on revenue or profit lately,
see do they have any plan to expand at the future.

That's all my 2nd step.

Of course you don't have to follow exactly what I did,
the important thing is to have your own way which worked well for you.


3rd step,
understand the share market.

What I meant here,
is not telling you to try to predict the up and down of share market,
or tomorrow will rise or drop.

What I meant was......
how do you define "share market"?
"share market" is what kind of place for you?

Is it a place to earn fast money?
Or is it a place to accumulate wealth?

How you define "share market", will influence your investment method too.

After having a clear definition of "share market",
after confirming that you want to invest for long term,
after finding a company which is suitable for long term investment,
after knowing that share market is a place to help you accumulate your wealth,
then is time to buy the share.

How we buy the share is different for different investors.

I will take me as an example.
Just an example, please don't follow exactly what I did,
is better to have your own way.

After deciding which company to invest at,
usually I will buy a little shares only,
I will not straight away used all my capital, because once I did that,
I might not be able to fall sleep at night.

After buying a little shares,
I will buy more carefully,
slowly accumulate.

This is because sometimes the confidence does not start with 100%,
as time goes by,
my confidence at that company will rise too,
and then I will buy more shares,
slowly accumulate more and more shares of that company.

But yeah.....
most of the companies that I invested with this method,
the more I bought the more I feel heartache,
this is because the share price kept rising,
I have buy with higher price every time........

Somehow I just can't straight away spend all my capital at one time,
because I really can't fall sleep at night if I did that.

That's all about how I build my confidence to invest at a company for long term.

Thank you for reading.


Other articles :
A book that influenced my life
4 basic types of human personality
Year 2017: The consequence of long term investment
Public Bank 3rd quarter financial result
Handling investment with ease



Other links:
List of articles of October 2017
My current investment portfolio
My self-introduction article

My Facebook Page

My Twitter : @TheCellist86

我是如何建立信心以长期持有一家公司

上次写了《长期投资的后果》，
这次就想在长期持有方面继续写多一些，
所以决定写一写这个课题。

首先。

在做出投资，买进一家公司前，
还是先要了解自己。
这方面可以参考我之前在2017年10月写过的《人类4大性格特质》。

尝试问问看自己。

我是个怎样的人？
我的性格又怎样？
我喜欢追求刺激性吗？
我有耐性吗？
我容易动摇？
我很顽固吗？

如果你喜欢追求刺激性，
那么长期投资肯定不适合了，
因为这是个沉闷的投资方式。

长期持有，长达数年、甚至数十年，
我有这种耐性吗？
或者说......
我愿意挑战自己看有没有这种耐性？

答案是“是。”的话，才考虑长期投资会比较好。

如果不是，
你可以考虑短期投资，
找到对的方法的话，
又刺激又能赚钱，
何乐而不为呢？

记得我看过某投资大师的一句话：
"If you want to be a long term investor,
you need to be believer of better tomorrow."

翻译过来，就是：
“如果你想当长期投资者，
你必须是个相信明天会更好的信徒。”

想想看，
要是你整天悲观地想象明天就要世界末日，
或明天世界第三次大战就要爆发，
或近期马来西亚经济就要破产，
那么你哪来的信心去长期投资呢？

除了了解自己的性格，
最好也了解自己的优势圈。

何谓优势圈？
就是你在哪一方面比较有优势。

举例来说，
可能你在百货市场工作，
那么你的优势不就是能第一时间知道哪些产品畅销，那些滞销吗？


了解自己，是第一步。

第二步，
就是了解公司。

你能够对一家公司有多深入的了解呢？

以我的例子来说，
如果有看过我的投资组合，
就会发现我所投资的公司，
不是到处可以看到公司分行，
就是到处都可以看到公司的产品。

投资在自己熟悉的公司对建立信心会有更大的帮助。

当然，
不能因为你每天逛购物广场，就直接买PARKSON或AEON。
也得先了解公司的财务状况才行。

通常在这个时候，
我就变成C型性格的人。

如果有想投资的公司，
我会把在Bursa网站上把该公司的所有年报都下载来看。
然后再把过去2-3年的季度报告也下载来看。
了解公司的基本EPS, PE, ROE等等。
最近营业额，盈利的变化，
有什么发展计划之类的。

这就是我建立信心的第二步。

当然你不必跟着我的方法去做，
最重要的是要有自己的一套方法。

然后第三步，
了解股市。

我这里说的“了解股市”，
不是要去预测股市未来的起伏，明天会涨或会跌。

我所指的“了解股市”，
是你如何解读股市？
股市对你来说是个怎样的地方？

是赚快钱的地方？
还是累积大量财富的地方？

如何了解股市，也会如何影响你的投资方式。

了解之后，
确定自己想要长期投资，
也找到适合长期投资的公司，
也认定股市可以帮助累积财富，
那就可以买进了。

买进的方式因人而异。

我就拿自己当例子好了。
只是例子，不要照跟，要有自己的一套。

决定了要买进哪家公司后，
我通常都会少量买进一些，
我不会一下子就把全部资金投入进去，因为晚上会睡不着觉。

我少量买进一家公司后，
会谨慎地加码，
一点一点地买。

因为有时信心不是一开始就会满溢的，
而是随着时间的推移，
信心也会跟着慢慢地上涨，
才会买进更多，
逐渐累积更多公司的股票。

当然，大部分公司我都是越买越心痛，
因为股票价格一直涨，
我越买越贵.......

但我就是狠不下心来一次过买进，
因为晚上真的会睡不着觉。

以上就是属于我建立信心的方式。

感谢阅读。


相关文章：
影响我人生的一本书
人类4大性格特质
2017年篇：长期投资的后果
大众银行2017年第三季度财政报告
轻松应付投资



其他链接：
2017年10月文章目录
我目前的股市投资组合
我的第一篇自我介绍文
我的脸书专页

我的推特：@TheCellist86

A Book That Influenced My Life

Did you ever feel like being struck by thunder after reading book?
Did you change your concept, your life after reading book?

Yes, I did.

Is this book:





Ooops.......I only have korean version at my house now........
But by looking the colours of the cover, author's name and the photo,
I think everyone already knew which book is it.

Yes, the title of the book is <<Rich Dad, Poor Dad>>!

So how did it change my life?
Everything began a long long time ago......

Once upon a time...
I am still a naive young kid,
everyday going to school,
try my best to get a good exam result,
that's all I knew.....

Until I entered primary 6,
which is year 1998,
the year where financial crisis landed at Malaysia....

Because of financial crisis,
my dad lost his job.
From a kid that was spoiled,
whenever I wanted something, my parents will buy it for me......
I became a kid that can't get anything I wanted......

I was 12 years old that time,
I didn't really understand what was going on.
I only knew that my family was having problem until my mum who was a housewife,
needed to go out and worked to earn money.

What I was able to do that time,
was to secretly put my pocket money back to my parents' wallets after receiving it,
and stopped tuition.

Thankfully my tuition teacher knew what happened,
and he offered to let me tuition for free,
so until now I still feel very grateful to my teacher.

Maybe that was the reason why I have special feeling at education field.

"Go to school, study hard, get a good exam result, get a good job, save your money."
My dad who lost his job during financial crisis kept brainwashing me that time.

My dad started to use the compensation fund given by his company to start a business.
But he quit after having disagreement with other partners.
Then he opened his own shop,
it didn't work well and the shop is closed.
My dad not only failed at business, but wasted a lot of the compensation funds......

If he used that bunch of money to invest at good companies instead of starting business...........
Ok I went to far.

Thankfully my relative needed someone trusted to help him handled one of his business,
so he hired my parents.

All this while I kept being brainwashing,
worked harder on my study,
obtaining straight As for both UPSR and PMR,
but somehow in my heart...
I felt like something is not right.....

After PMR exam I am free and nothing to do,
then one day my sister threw a purple cover book at me,
and suggested me to read it.

"Rich dad, poor dad?"
The title of the book caught my attention,
so I opened and read it,
then felt like being struck by thunder,
 and saw a whole new world!

The author Robert Kiyosakai strongly against the idea of  "Go to school, get a good job, save your money, buy a house, and invest for the long term in a diverse portfolio of stocks, bonds and mutual funds."

The contents of the book really triggered my mind,
and changed my old concept about money.

I learnt about his definition of asset & debt,
the difference between active income & passive income,
also about financial freedom.

From that moment,
how I looked a my life has totally changed!

After that,
I never gotten straight As in my exam.
This is because I already knew that my target is not to become an high income employees or professional in certain field like doctor or lawyer.

I knew I just needed atleast 5As to enter form 6,
so I didn't seriously prepare for SPM,
just relax the whole time,
after finishing the paper I slept inside the exam hall,
the examiners always asked me did I fall sick~

Same when STPM,
different than the rest of my classmates, I had no interest in becoming doctor.
(my class got around 40 students and I am the only one who didn't want to become doctor.....)
I also knew that I don't need very good result to enter local university for maths related course.
So I relaxed again,
used my good maths result to pull up my CGPA,
and I gotten into my second choice of university and the course I wanted.

I went too far again..........

During high school I didn't focus on studying, so what did I do most of the time?

I already knew that "Go to school, study hard, get a good exam result, get a good job, save your money, buy a house." is not what I want.
What I want is financial freedom!

But what can I do as a high school student?

So I started to think,
What am I good at?
Do I have any hobbies that can be turned into passive income?

I was just 15 years old that time.

After scanning myself,
I realized that maybe I can try to use my hobby of writing fantasy novel.

There were some Taiwan Publisher Company's website that allowed people to upload their novels and allowed people to read novels for free.
If the novel can be charted at top10,
then there is a chance to publish the novel.

I wrote for few years,
accumulated some followers,
always stayed in the chart around 50th place.

Then,
I entered local university,
and my focus was diverted, and stopped writing.

It was kind of wasted....
This is because after I stopped writing,
all these fantasy novels started to be popular at China,
all those authors that their novels only charted for top100,
also able to publish an actual book,
or atleast online book to earn money.

And me, totally wasted this golden age of online novel........
I am such an idiot.......

When I am at the final year of university,
I started to think what I want to do after graduated.

One thing for sure is the life that every morning need to wake up early,
stuck at traffic jam for one hour to go to work,
and then stuck at traffic jam for another hour to go back home from work,
this kind of rat race life is not what I wanted!

So,
I read the book <<Rich Dad, Poor dad>> again,
last time I read chinese version,
this time was english version.

Then I made an action
I registered for a free property investment talk.

Property investment talk............
where the actual motive of the speaker was to build a group to buy new properties so that everyone can get discounts from the seller........

After attending the talk,
I always drove around my university area,
tried to look for any property for sales/rent,
even made phone call to ask for price.

Since is university area,
so all the properties were high price but low rental income,
no matter how I calculate also negative cashflow...

Some more I am low at investment capital,
there was nothing much I can do that time..........

That was the time when I found out about share investment.
We can start share investment with very low capital,
dividend = passive income,
it fits what I wanted.

Thus,
I started to invest at share market at year 2011 which is also my final semester at university.

Thanks to Robert Kiyosaki who wrote the book <<Rich Dad, Poor Dad>>.
The book did help me saw another side of a coin,
another world full of possibilities.


Other articles :
4 basic types of human personality
Year 2017: The consequence of long term investment
Public Bank 3rd quarter financial result
My opinion about oversea market
Handling investment with ease



Other links:
List of articles of October 2017
My current investment portfolio
My self-introduction article

My Facebook Page

My Twitter : @TheCellist86

影响我人生的一本书

有没有试过读了一本书，
感觉被雷劈中，
从此改变观念，改变人生呢？

我有。
就是这本书：

不好意思，我现在家里只有韩文版......
不过看封面的颜色，作者名字和照片都应该知道是谁了吧？

没错，
就是<<富爸爸，穷爸爸>>！

这一切都得从我小时候说起.........

想当年....
我还是个懵懂无知的小孩子，
每天只知道要乖乖上学、努力考出好成绩。

一直到我小学6年级，也就是金融风暴发生的那一年，1998年。

一场金融风暴，
令我父亲失去了工作，
我从要什么就有什么的小孩子，
变成了要什么就没有什么......

当时的我才12岁，也不清楚究竟发生了什么事。
只知道原本是家庭主妇的母亲开始出外找工作，
感觉家庭经济出了状况。

我能做的，就是偷偷地把零用钱放回父母的钱包里，
然后停止补习。

幸好补习老师了解我的状况后，
愿意让我免费补习，
所以我一直都很感激老师。

或许是因为这样，
我一直都对教师有憧憬。

“好好地去上学，努力读书考取好成绩，找到一份好工作，存很多的钱。”
因为金融风暴而丢了工作的父亲仍然一直对我如此洗脑。

丢了工作的父亲开始用公司给的遣散金做生意，
但因为与其它股东不合，而愤然退股。
然后自己开店，
也因为经营不善而关门大吉。
生意没做起来，反而耗费了不少遣散金。

如果那时肯拿那些做生意的钱投资好公司的话..............
扯远了.......

最后是亲戚刚好有生意需要人打理，
就聘请了我父母，
解决了家里的经济状况。

而我在这段时间一直都被洗脑，也更加努力读书，UPSR和PMR都考获全A。
但我心里一直觉得有点不对劲........

PMR考完后挺空闲的，
我姐姐就丢了一本紫色封面的书本给我，
建议我看。

“富爸爸，穷爸爸？”
书本标题马上吸引我，我打开书本开始阅读，顿时觉得被雷劈中，一个崭新的世界出现在我眼前！

书中的内容一一推翻了我的观念，
作者强烈反对“好好地去上学，努力读书考取好成绩，找到一份好工作，存很多的钱，买一栋房子，然后多元化投资。”的建议。

我也学到了资产与负债的定义。
主动收入与被动收入的区别。
财务自由的定义。

简单地说，
我的人生观念就在那一刻起完全改变了！

显而易见地，
我的考试成绩不再全A，
因为我明白了我的目标不是当高薪专业人士，
SPM首要目标是进中六，拿6个A就行。

所以我轻轻松松地考SPM，
还在考场上睡觉，
监考官还关心地问我是不是身体不舒服~

STPM也是。
我一点都不想当医生，
也知道我最擅长的本地大学数学系，并不需要太高的学分就能进入，
所以也是轻松考试，
靠我最厉害的数学拉高CGPA，
轻易进入第二选择的大学和学科。

扯远了.....

那么高中时期我不专心读书，都做什么呢？

当时的我已经明白，
“好好地去上学，努力读书考取好成绩，找到一份好工作，存很多的钱，买一栋房子，然后多元化投资。”不是我要的。
我要的是财务自由！

那么身为中学生的我可以做到什么？

于是我开始思考，
我擅长什么？
我有什么兴趣是可以转换成被动收入的？

才15岁的我，
想到了一个点子...........
审视了自己，我发现或许可以利用我写小说的兴趣。
我写的是奇幻小说。

当时我有在台湾一些出版社的网站上刊登小说，
只要小说能进入排行榜前10名，
就有机会出书。

我写了几年，累积了不少读者，
开始挤入排行榜前50名。
也在此时，我进了本地大学。

进入大学后，我开始沉迷于其他东西，
不再写小说了。

可惜的是，就是这个时刻，
中国开始盛行网络小说，
只要排行榜前100就能出电子书，
甚至出实体书。

而我，白白浪费了网络小说的黄金期...........
我真是个笨蛋.........

一直到大学最后一年，
我开始思考毕业后该做些什么。

我只知道每天早上要早早起身，
塞车一个小时去上班，
然后放工时间又要塞一个小时回家，
每天都要重复这种老鼠赛跑的生活并非我想要的！

于是，
我重看<<富爸爸，穷爸爸>>。
以前第一次是看中文版，这次是看英文版。

然后我做出行动，
去报名参与某个免费的投资房产讲座会。

美其名是讲座会，
但其实是成立房产团购团......

去了讲座会，
我有段时间驾车在大学附近绕圈圈，
看有没有出租/出售的房产。
也有打电话询问价钱。

但都是租金低，房价高，
怎么看都是负现金流。
而且本钱少，也做不到什么........

迷茫之时，
我发现了股票投资，
不只本钱小就能开始，
而且股息收入=被动收入，
完全符合我想要的。

于是乎，
我就在大学最后一个学期开始的同时，
也踏上了股票投资之路。

感谢Robert Kiyosaki，
写了《富爸爸，穷爸爸》，
让我看到了硬币的另一面，
另一个可能性的世界。




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对于海外市场的看法
轻松应付投资



其他链接：
2017年10月文章目录
我目前的股市投资组合
我的第一篇自我介绍文
我的脸书专页

我的推特：@TheCellist86