List of articles of October 2017

I will make a list of articles every last day of the month,
so that is easier for me and for everyone to refer~

October 2017:
4 basic types of human personality
Year 2017: The consequence of long term investment
Public Bank 3rd quarter financial result
I opened a Facebook Page & Twitter account
My opinion about oversea market
Handling investment with ease
Comparison of portfolio at the start and end of year 2011
My current investment portfolio
My self-introduction article

My Facebook Page

My Twitter : @TheCellist86

2017年10月文章目录

每个月的最后一天都会做个目录，方便自己也方便大家~


2017年10月：
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
开设了脸书和推特
对于海外市场的看法
轻松应付投资
2011年头与年尾的投资组合比较
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

DISC, 4 basic types of human personality

This is an article that I wrote during 28th July 2011.
I decided to copy it here and  add some new elaborations.

DISC, 4 basic types of human personality:

1) D -- Dominance
Dominant type.
Good at leading and giving orders, dare to take risks.
Sometimes they can be argumentative, and not listen to other people's opinion.
They always talked the most and lead in conversations.

Actually,
I seldom see D type people at share market.
Maybe because they tend to be in control of situation,
while in share market they have no control of the company invested and no control of share price,
unless large shareholders.

Based on my own experience,
I saw D type people went to AGM to quarrel with company chairman and CEO because they don't like certain decisions of the management team.

Nevertheless,
D type people likes to focus on future and the bigger picture,
and they dare to take risks.
The return of their investments will be very high if they chose the right share.


2) I -- Influence
Influential type.
they are outgoing and like to be with people,
easily adapted to new place with a lot of strangers.
However their time management might not be good enough,
and don't like works with high complexity and high repetitive.
when in a group of people,
they tend to be center of attraction and have positive sense of humor.

Based on what I saw in share market,
I type people invest by following their feelings.
Buy because feel like will rise.
Sell because feel like will drop.
Everything by feelings.
Usually they tend concentrate investment into a few stocks only,
or even dare to ALL IN at only one stock.

If they chose the wrong stock, then bye bye~
However my friend who is a I type person,
earned a huge amount of money by ALL IN at one stock only.


3) C -- Compliance
Compliant type.
They emphasis on principle, do things accurately, focus on logic and numbers.
However,
they are not good at presenting themselves.
Usually too passive in a group....

Based on what I saw,
a C type person before making any investment decision,
they tends to read through a bunches of information and reports,
did researches and analysis, wrote down a lot of notes,
very hardworking.


4) S -- Steadiness
Steady type.
they emphasis on being steady and stable, even-tempered and sympathetic with others,
a loyal follower in a group.
However,
they are slow in decision making and tend to be passive.
Usually in a conversation,
they tend to be listener.

Since S type person tend to be a follower,
so they will have a thinking like:"Just let the management of the company settle everything!" when they invest in a company.

I am a S type person.
Since I look for stability, so I bought into those steady companies.
I am loyal too, after buying into a company,
I am able to hold it for many years,
so suitable to be a long term investor.


That's all for the 4 basic types of human personality.
Of course a short article like this is not enough to cover everything,
feel free to research more if you are interested at it.

The reason why I wrote this article is because I personally think that in investment,
before study a company,
is better to study yourself.

By knowing which type of personality you have,
then you will know which investment method is best for you.

Sometimes,
the problem is not picking a good timing, or good company, or good entry price,
the problem is.........
are you a good investor?

Knowing about yourself,
is one of the steps to be a good investor.


Related links :
Year 2017: The consequence of long term investment
Public Bank 3rd quarter financial result
My opinion about oversea market
Handling investment with ease
Comparison of portfolio at the start and end of year 2011



Other links:
My current investment portfolio
My self-introduction article

My Facebook Page
My Twitter : @TheCellist86

人类4大性格特质

这篇文章是我以前2011年7月28日写的旧文，
特地转贴过来这里，
并且加上一些现在的新注解。

4大人类性格特质 DISC :

1) D -- Dominance
支配型的人。
善于领导与发号施令，做事敢敢来。
但自尊心强，不容易接受其他人的意见和看法。
特征是在谈话中，都扮演主导的角色，讲最多话。

说实话，
我比较少在股市看到这类人。
毕竟D型人凡事都希望拥有主导权，
所以他们比较抗拒像股票这种没有主导权，公司与股价都无法任你掌控的地方。

我就有看过D型投资者因为不喜欢公司老板的一些决策，
甚至到股东大会去抗议吵架。

当然，D型投资者的强项是未来展望性强，
投资敢于集中，选对股的话回酬非一般地高。


2)I -- Influence
影响型的人。
外向且喜欢与很多人接触，容易适应陌生人多的场合。
但时间管理不好，不喜欢复杂性或重复性高的工作。
特征是在团体中，都扮演开心果的角色。

我看过在股市中I型的人，买股大部分都是凭感觉。
觉得以后会涨，所以买进。
觉得之后会下跌，所以卖出。
一切都是凭感觉。
而且喜欢集中在少数几只股，甚至敢于ALL IN一只股。

选错股的话，就一失足成千古恨。
但我一位很I型的朋友，却因为ALL IN而赚了一大笔的钱。


3) C -- Conscientious
服从型的人。
重视原则，做事有条有理，注重逻辑与数字。
但与影响型相反，不擅于表达自己和抛头露面。
特征是在团体中，没有存在感.......

我看过C型的投资者，
在买进某家公司前，
一定会看一大堆资料和做调查，
还会自己分析，写一大堆的分享，
是勤于做功课的人。


4) S -- Steadiness
稳健型的人。
重视安全感，善良且喜欢关心人，是团队的忠实跟随者。
但与支配型相反，没有主见，作风被动。
特征是在谈话中，都扮演聆听的角色，听最多话。

S型的人，
喜欢当跟随者，
投资一家公司，都会抱着“就把一切交给管理层吧！”的想法。

我就是S型的人，
所以买的公司大部分都很稳健，因为我追求安全感。
而且我很忠实，买股都会持有好几年的时间，
正好适合当长期投资者~


以上就是基本的人类4大性格特质，
当然这一切并非三言两语就能概括全部，
有兴趣的可以继续从各方面去探讨这些知识。

至于为什么我会写这篇文章，
是因为我个人觉得，
投资时，
了解公司前，要先了解自己。

知道自己是怎样性格的人，
才会知道怎样的投资方式适合自己。

有的时候，
问题不是在选择好时机、好公司、好的股价进场。
而是..............
自己本身是不是个好投资者？

了解自己，
是成为好投资者的其中一步。


相关链接：
2017年篇：长期投资的后果
大众银行2017年第三季度财政报告
对于海外市场的看法
轻松应付投资
2011年头与年尾的投资组合比较


其他链接：
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

Year 2017:The consequence of long term investing.....................

I written this article 2 years ago at the investment forum,
and then I update it at end of October every year.

Why did I write this article last time?

This is because 2 years ago at the investment forum,
someone with username "saingkee5151" posted an thread with the title "Long term investment, 10 years strategy!!".
(the thread title is directly translated from mandarin so......... -_-)

Anyway,
at that time I felt like post something at that thread too.
However I started investing at year 2011 and it was year 2015 that time.
People talked about 10 years, my investment experience only around half of 10years,
so I felt like I am not qualified to say anything at that thread..........

I was curious though.
Those shares that I bought at my early time and hold it until now,
how much returns were they?

So I started to record:
(based on closing price of 27th October 2017, I only record those shares that I bought and still holding them until now.)

1st,
is the shares I bought at year 2014:


LPI。
Today closing price：RM18.24
Lowest price bought at that year ：RM11.24 (adjusted with bonus issue)
Return (excluding dividends )：62.3%
Dividend (according to payment date)：
2014 : 13.3sen
2015 : 36.7sen+20sen
2016 : 50sen +25sen
2017 : 55sen + 27sen
Total dividend ：RM2.27
RM18.24+RM2.27 = RM20.51 (Total return is 82.5%)
If I used 1millions to buy in that time,
it will grows into 1.825millions now.
If leverage, easily 2millions.
If dare to maximize leverage, can reach 3millions.


Then, the shares that I bought at 2012:


AEONCR.
Today closing price：RM13.94
Lowest price bought at that year ：RM5.58  (adjusted after 2 times bonus issues )
Return (excluding dividends )：149.8%
Dividend (according to payment date)：
2012 : 9.3sen+10.7sen
2013 : 13sen + 14.9sen
2014 : 16sen+18.3sen
2015 : 19.7sen+19.9sen
2016 : 19.7sen +20.3sen
2017 : 21.7sen
Total dividend ：RM1.835
RM13.94+RM1.835 = RM15.775 (Total return is 182.7%)
If I used 1millions to buy in that time,
it will grows into 2.827millions now.
If leverage, easily 4millions.
If dare to maximize leverage, can reach 5millions.


Lastly, those shares that I bought at year 2011:

PANAMY.
Today closing price：RM39
Lowest price bought at that year ：RM17.50
Return (excluding dividends )：122.9%
Dividend (according to payment date)：
2012 : 11.25sen+78.75sen
2013 : 11.25sen+173sen
2014 : 11.25sen+58sen
2015 : 15sen+127sen
2016 : 15sen+124sen
2017 : 15sen+102sen
Total dividend ：RM7.415
RM39+RM7.415 = RM46.415 (Total return is 165.2%)
If I used 1millions to buy in that time,
it will grows into 2.625millions now.
If leverage, easily 3millions.
If dare to maximize leverage, can reach 4millions.

PBBANK.
Today closing price：RM20.48
Lowest price bought at that year ：RM12.68
Return (excluding dividends )）：61.5%
Dividend (according to payment date)：
2011 : 20sen + 28sen
2012 : 20sen + 30sen
2013 : 22sen + 30sen
2014 : 23sen + 31sen
2015 : 24sen + 32sen
2016 : 26sen + 32sen
2017 : 27sen
Total dividend ：RM3.45
RM20.48+RM3.45 = RM23.93 (Total return is 88.7%)
If I used 1millions to buy in that time,
it will grows into 1.887millions now.
If leverage, easily 2millions.
If dare to maximize leverage, can reach 3millions.


NESTLE.
Today closing price：RM87
Lowest price bought at that year ：RM47.60
Return (excluding dividends )）：82.8%
Dividend (according to payment date)：
2011 : 55sen
2012 : 125+55sen
2013 : 155+60sen
2014 : 175+60sen
2015 : 175+65+65sen
2016 : 130+70+70sen
2017 : 130+70sen
Total dividend ：RM14.60
RM87+RM14.60 = RM101.60(Total return is 113.4%)
If I used 1millions to buy in that time,
it will grows into 2.134millions now.
If leverage, easily 3millions.
If dare to maximize leverage, can reach 4millions.



AEON
Today closing price：RM2.05
Lowest price bought at that year ：RM1.4425
Return (excluding dividends )）：42.1%
Dividend (according to payment date)：
2011 : 4sen
2012 : 4.75sen
2013 : 6sen
2014 : 5.5sen
2015 : 5sen
2016 : 4sen
2017 : 3sen
Total dividend ：RM0.3225
RM2.05+RM0.3225 = RM2.3725(Total return is 64.5%)
If I used 1millions to buy in that time,
it will grows into 1.645millions now.
If leverage, easily 2millions.
If dare to maximize leverage, can reach 3millions.


DLADY
Today closing price：RM60.02
Lowest price bought at that year ：RM18.44
Return (excluding dividends )：225.5%
Dividend (according to payment date)：
2011 : 37.5sen
2012 : 130+130sen
2013 : 130+130sen
2014 : 110+110sen
2015 : 110+110sen
2016 : 110+110sen
2017 : 110+60sen
Total dividend ：RM13.875
RM60.02+RM13.875 = RM73.895(Total return is 300.7%)
If I used 1millions to buy in that time,
it will grows into 4.007millions now.
If leverage, easily 6millions.
If dare to maximize leverage, can reach 8millions.



Everytime after finishing this,
I always feel wasted that if only I have 1 million at year 2011.....
but at that time my investment capital was not even 5 figures..........

Anyway,
this year is already my 7th year of long term investing,
and I will still apply this same strategy.

I will update this article next year October~



Related links :
Public Bank 3rd quarter financial result
My opinion about oversea market
Handling investment with ease
Comparison of portfolio at the start and end of year 2011
My current investment portfolio


Other links:
My self-introduction article

My Facebook Page
My Twitter : @TheCellist86

2017年篇:长期投资的后果...........

这篇文章，
我从2年前就在投资论坛那里写过了，
然后每年10月尾都会更新一次。

当时为什么会写这篇文章呢？

那是因为一位论坛网友saingkee5151兄发了一个标题为“长期投资，十年大计！！”的帖子。
当时想过去留言说点什么，
但那时是2015年，而我从2011年开始投资，
人家既然要10年，
那么当时只有10年投资经历一半的我也没有资格说些什么......

不过那时也很好奇，
我早期买入的股项一直持有了几年后，
到现在究竟会有多少回酬呢？

所以我就开始记录：
(根据2017年10月27日的闭市价，所记录的都是当时买入后一直持有到现在的股项。)

首先，
是2014年所买入的:


LPI。
今天闭市价：RM18.24
2014年最低买入价：RM11.24 (股价已经随红股调整)
回酬（未包括股息）：62.3%
股息(根据收到的日期)：
2014 : 13.3sen
2015 : 36.7sen+20sen
2016 : 50sen +25sen
2017 : 55sen + 27sen
总股息：RM2.27
RM18.24+RM2.27 = RM20.51 (总回酬为82.5%)
也就是说当年如果用1million买进，
那么现在会变成1.825million。
肯用杠杆的话，突破2million也可以。
如果当敢死队，去大力杠杆的话，直逼3million。


然后，
是2012年买入的：

AEONCR.
今天闭市价：RM13.94
2012年最低买入价：RM5.58  (股价已经随2次红股调整)
回酬（未包括股息）：149.8%
股息(根据收到的日期)：
2012 : 9.3sen+10.7sen
2013 : 13sen + 14.9sen
2014 : 16sen+18.3sen
2015 : 19.7sen+19.9sen
2016 : 19.7sen +20.3sen
2017 : 21.7sen
总股息：RM1.835
RM13.94+RM1.835 = RM15.775 (总回酬为182.7%)
也就是说当年如果用1million买进，
那么现在会变成2.827million。
肯用杠杆的话，突破4million也可以。
如果当敢死队，去大力杠杆的话，直逼5million。


然后，
是2011年买入的：

PANAMY.
今天闭市价：RM39
2011年最低买入价：RM17.50
回酬（未包括股息）：122.9%
股息(根据收到的日期)：
2012 : 11.25sen+78.75sen
2013 : 11.25sen+173sen
2014 : 11.25sen+58sen
2015 : 15sen+127sen
2016 : 15sen+124sen
2017 : 15sen+102sen
总股息：RM7.415
RM39+RM7.415 = RM46.415 (总回酬为165.2%)
也就是说当年如果用1million买进，
那么现在会变成2.652million。
肯用杠杆的话，突破3million也可以。
如果当敢死队，去大力杠杆的话，直逼4million。

PBBANK.
今天闭市价：RM20.48
2011年最低买入价：RM12.68
回酬（未包括股息）：61.5%
股息(根据收到的日期)：
2011 : 20sen + 28sen
2012 : 20sen + 30sen
2013 : 22sen + 30sen
2014 : 23sen + 31sen
2015 : 24sen + 32sen
2016 : 26sen + 32sen
2017 : 27sen
总股息：RM3.45
RM20.48+RM3.45 = RM23.93 (总回酬为88.7%)
也就是说当年如果用1million买进，
那么现在会变成1.887million。
肯用杠杆的话，突破2million也可以。
如果当敢死队，去大力杠杆的话，直逼3million。


NESTLE.
今天闭市价：RM87
2011年最低买入价：RM47.60
回酬（未包括股息）：82.8%
股息(根据收到的日期)：
2011 : 55sen
2012 : 125+55sen
2013 : 155+60sen
2014 : 175+60sen
2015 : 175+65+65sen
2016 : 130+70+70sen
2017 : 130+70sen
总股息：RM14.60
RM87+RM14.60 = RM101.60(总回酬为113.4%)
也就是说当年如果用1million买进，
那么现在会变成2.134million。
肯用杠杆的话，突破3million也可以。
如果当敢死队，去大力杠杆的话，直逼4million。


AEON
今天闭市价：RM2.05
2011年最低买入价：RM1.4425
回酬（未包括股息）：42.1%
股息(根据收到的日期)：
2011 : 4sen
2012 : 4.75sen
2013 : 6sen
2014 : 5.5sen
2015 : 5sen
2016 : 4sen
2017 : 3sen
总股息：RM0.3225
RM2.05+RM0.3225 = RM2.3725(总回酬为64.5%)
也就是说当年如果用1million买进，
那么现在会变成1.645million。
肯用杠杆的话，突破2million也可以。
如果当敢死队，去大力杠杆的话，直逼3million。



DLADY
今天闭市价：RM60.02
2011年最低买入价：RM18.44
回酬（未包括股息）：225.5%
股息(根据收到的日期)：
2011 : 37.5sen
2012 : 130+130sen
2013 : 130+130sen
2014 : 110+110sen
2015 : 110+110sen
2016 : 110+110sen
2017 : 110+60sen
总股息：RM13.875
RM60.02+RM13.875 = RM73.895(总回酬为300.7%)
也就是说当年如果用1million买进，
那么现在会变成4.007million。
肯用杠杆的话，突破6million也可以。
如果当敢死队，去大力杠杆的话，直逼8million。


每次写完，
我都会感到遗憾说要是2011年时就有1百万好了.....
偏偏当时我的资金连5位数都不到......

不管怎样，
现在我已经迈入长期投资的第7年，
希望以后也能继续坚持下去。

也请期待明年的2018年篇~


相关链接：
大众银行2017年第三季度财政报告
对于海外市场的看法
轻松应付投资
2011年头与年尾的投资组合比较
我目前的股市投资组合


其他链接：
我的第一篇自我介绍文
我的脸书专页
我的推特：@TheCellist86

Public Bank 3rd quarter financial result

Public Bank 3rd quarter financial result has been released at today(26th October).
Even though I am just mini shareholder which as small as bacteria....
Once the result is out,
I straight away download the financial report from Bursa website.

When opening the report,
I am feeling calm and don't feel anxious at all,
as stable as the financial result as Public Bank:

Unexpectedly,
the third quarter profit actually grew a lot if comparing with 3rd quarter last year.

I always emphasized the Profit Before Tax by segment whenever I am reading the financial report of Public Bank:

We can see that most of the segments had good growth in profit.
Some segments didn't perform well,
but overall is not that significance.
This quarter result is really good.

The profit grew by RM399, 114, 000 which RM58, 277, 000 were from overseas operations.
Even though oversea operations only took 9.8% from total profit,
but contributed 14.6% of the profit growth~


Lastly:

Global economic expansion is expected to continue,
recovery in euro area,
growth-focused policies in China,
emerging economies are expected to benefit from strong external demand and sustained domestic activies.

Oh wow.....
It has been a long time since the prospects of Public Bank is written so positively.

What caught my attention the most,
is the last sentence from the 2nd paragraph:
“Malaysia's exports will continue to benefit from the improvement in global demand.”
I feel like my decision of emphasizing more on local companies which have export markets is being supported~

Hehe,
anyway I am satisfied with this quarter result,
Public bank please continue to perform well, fighting!!

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

Related links :
My opinion about oversea market
Handling investment with ease
Comparison of portfolio at the start and end of year 2011
My current investment portfolio
My self-introduction article

Other links:

My Facebook Page
My Twitter : @TheCellist86

大众银行2017年第三季度财政报告

大众银行2017年第三季度财政报告在今天(10月26日)出炉了。
身为如细菌般渺小的迷你小股东，
当然要第一时间去Bursa的网站下载报告来看。

虽说是马上去看，
但我的心情却起伏不大，一点也不紧张，
就像大众银行的业绩般平稳：

出乎意料的是，
今年第三季比起去年第三季的盈利成长还挺多的。

每次大众银行的报告，
我都注重在Profit Before Tax by segment:

可以看到大部分segment的盈利都有不错的成长，
有些segment虽然表现不好，但整体来说影响不大，
这一季业绩真的很好。

盈利成长的RM399,114,000中有RM58,277,000是来自海外的，
也就是说我看重的overseas operations虽然只占总盈利的9.8%，
但却贡献了盈利成长的14.6%。

最后是 :

全球经济继续扩张、 欧洲区域恢复、中国注重经济成长的政策、新兴经济国家受惠于周边海外需求和本地经济活动。

哇.......
老实说我很久没看到大众银行的prospects写得这么正面了。

最吸引我注意力的，
是第二段的最后一句话：
“Malaysia's exports will continue to benefit from the improvement in global demand.”
感觉我注重在有出口海外市场的本地公司的决定受到了支持~

呵呵，
总之我个人对这次业绩是挺满意的，
大众银行请继续加油！

以上言论没有任何买卖建议，
大家买卖自负。


相关链接：
对于海外市场的看法
轻松应付投资
2011年头与年尾的投资组合比较
我目前的股市投资组合
我的第一篇自我介绍文

其他链接：
我的脸书专页
我的推特：@TheCellist86

I opened a Facebook page & Twitter account

1st of all,
I opened a Facebook page:
https://www.facebook.com/thecellistinvestment
Feel free to go to my FB page and click LIKE.

From now onward,
I will use the FB page to inform everyone when I uploaded a new article at the blog.
Sometimes I will share a few sentences or pictures at there too,
and I hope can interact with more people at there.

Besides that,
I also opened a Twitter account.
@TheCellist86
Notification will be sent to those who follow my twitter as soon as a new article appeared at the blog~

That's all for today.

开设了脸书专页和推特

首先，
我开设了脸书专页：
https://www.facebook.com/thecellistinvestment
欢迎大家过去点个赞。
以后我不只会通过脸书专页来通知部落格的更新，
有时也会在脸书专页那里分享一、两句话或图片，
并且希望能与更多人交流看法。

除此以外，
我也开设了推特。
@TheCellist86
Follow我的推特可以第一时间知道部落格的更新哦。

以上。

My opinion about oversea market

One of the biggest changes in my investment portfolio at year 2017,
is that I sold all my DLADY, leaving only 1 lot for souvenir? purpose,
and bought into COCOLAND.

The reason is because I started to emphasis more on oversea market.

For the past few years,
the revenue and profit of PBBANK & DLADY didn't grow very well,
(well.... DLADY did rise to RM60 for don't know what reason.........)
especially after the implementation of GST,
AEON is falling like snowslide.......

However if we look at those companies that selling to oversea market,
since the exchange rate between RM to USD dropped so much,
those companies rose a lot in profit,
and the share price also doubled one by one.
And me.....
I can only sitting at the corner and drown by jealousy.....

So starting this year July,
I again searched at the market while having long holiday.
(I have to admit that I did neglect my investment since I was too focus on my job income, )

What I searching now,
are local companies that selling to oversea markets.
are local companies that selling to oversea markets.
are local companies that selling to oversea markets.
Important things need to write 3 times~

Why is it that must be local company?

Well.....
sometimes the parent company of the foreign company that we invested,
might suddenly restructure,
originally company A produces product A, company B produces product B,
suddenly become company A produces product B and company B produces product A.

If the luck is good,
more products are entrusted to the company that we investing,
then woohoo~

But if the luck is bad,
the company that we investing suddenly has less products to produce,
then you can do nothing but seeing the export revenue keep dropping.

I experienced it before,
so I think that if really want to enjoy the growth of oversea market,
then please choose local company!
Choose local company!
Local company!

After reading annual reports of roughly 20 companies,
my 1st pick was COCOLAND.

According to annual report of COCOLAND,
oversea market will be their next growth engine.
Since F&N is one of the large shareholder of COCOLAND,
I am more comfortable to invest and hold it.

Except COCOLAND,
there are some other companies that I having interest at,
please stay tuned at this blog to find out more in the future.

Right now I will do some revisions about the growth of oversea markets of companies that I investing currently:

1st,
AEONCR and LPI have no oversea market,
but since there is still some growth at local market,
so I will continue to hold them.

NESTLE and PANAMY are foreign companies that export to oversea market,
like I said before,
I don't put much hope at the growth of their export market,
is just that they both have good branding,
so I will continue to hold them.

Next is PBBANK...........
Some people said that PBBANK only do local market,
Some people think that PBBANK do has oversea market,
but the contribution to profit is not obvious.

What I saw is.....
the oversea market of PBBANK keep growing,
last time it only took up 3% of total PBT,
but now is already 10% of it!

Will oversea market become PBBANK next growth engine??

Then here comes F&N.

Actually F&N is doing worse and worse at local market,
luckily they have good growth at oversea market,
if not they are doomed.

Last one is COCOLAND.

Like the annual report mentioned before,
oversea market for example like South Korea will be COCOLAND next growth engine.

When I went to South Korea at end of August,
an old Korean man sitting next next to me gifted me a sweet,
which is actually COCOLAND's product.
I also met some Malaysians at South Korea,
they brought lot100 candies as gifts for Korean people,
they said Korean people like it.........

However,
I went to some shopping malls, convenient shops, snack specialty shops at Korea.
I saw coffee of certain company and snack of certain company,

Is COCOLAND really doing well at South Korea like what it was mentioned in the annual report?

No matter how,
continue on I will observe carefully,
hold carefully,
carefully buy into those local companies that having export market.



Related links :
Handling investment with ease
Comparison of portfolio at the start and end of year 2011
My current investment portfolio
My self-introduction article

My Facebook Page
My Twitter : @TheCellist86

对于海外市场的看法

今年2017年，
我的投资组合最重大的一个变化，
就是卖完DLADY，留下1lot作纪念，
然后买进COCOLAND。

主要的原因，
就是我开始重视海外市场。

过去几年，
PBBANK和DLADY的营业额和盈利表现都不是很理想，
(虽然DLADY股价莫名其妙地涨到RM60........)
特别是消费税开始执行之后，
AEON直接兵败如山倒。

反观那些有海外市场的公司，
因为马币兑美元走贬的关系，
纷纷盈利大涨，股价更是一个接一个开番，
而我只能在一旁干瞪眼，羡慕死了......

于是今年7月，
趁大长假的时候，
我重新在市场上寻找。
(过去太注重工作收入，在股票上的确有些怠惰。)

我寻找的，
就是有开发海外市场的本地公司。
就是有开发海外市场的本地公司。
就是有开发海外市场的本地公司。
重要的事情要说3次~

为什么一定要本地公司呢？

很简单啊，
外资公司有时会因为母公司决定重新分配哪家子公司负责制造这个，
哪家子公司负责制造那个，
生意量会突然产生变化。

运气好的话，母公司决定让你投资的子公司负责更多产品，
那当然是皆大欢喜！

运气不好的话，别家子公司负责原本你家子公司的产品，
那就只能眼睁睁地看着出口份额下跌。

我也因为这样而吃过亏，
所以觉得如果真的想享受海外市场的成长，
那么一定要选择本地公司！
一定要选择本地公司！
要选择本地公司！

在看过了20多家公司的年度报告后，
我的首选是COCOLAND。

这是因为COCOLAND在年度报告上有说，
海外市场将会是未来成长的引擎。
而且F&N又是COCOLAND大股东之一，
有F&N看着，
COCOLAND老板应该不至于太乱来才对。

当然，
除了COCOLAND，
我还看中了一些公司，
想知道的话，
请继续守着本部落格~

顺便在这里检讨一下目前组合中各公司的海外市场发展：

首先，
AEONCR和LPI都没有海外市场，
但因为在本地市场还是有成长，
所以我继续持有。

NESTLE和PANAMY都属于有海外市场的非本地公司，
虽然不能太期待海外市场，
但因为有品牌的护城河，
所以我会继续持有。

至于PBBANK..............
有些人认为PBBANK没有海外市场，
有些人则认为PBBANK虽然有海外市场，但贡献并不明显。

我看到的是，
PBBANK的海外市场一直都在成长，
以前只占税前盈利的3%，
现在却成长至10%了！

假以时日，
可能会是PBBANK未来的成长动力？？

然后是F&N。

这几年F&N的本地市场越做越差，
要不是多得海外市场发展得不错，
早就完蛋了。

最后是COCOLAND。

就如上面提到的，
COCOLAND说过海外市场将会是未来成长的引擎，
其中包括韩国。

我8月尾去韩国时，
在飞机上坐我隔壁的隔壁的韩国人送我一颗糖果，
那个糖果正是COCOLAND的产品。
而且在韩国当地，
我也看到有本地人送韩国人lot100糖果，
说他们喜欢......

可是问题来了，
我在韩国有去过一些购物商场、便利店、零食专卖店等等。
就是没看到任何COCOLAND的产品，
反而看到某公司的咖啡和某公司的零食。

COCOLAND真的如年度报告上所说，
在韩国市场发展良好吗？

不管怎样，
接下来我会谨慎地关注、
谨慎地持有、
谨慎地加码其他有海外市场的本地公司。



相关连接：
轻松应付投资
2011年头与年尾的投资组合比较
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

Handling investment with ease

Lately I have been reading a book <<I Decided To Look Down On Life >>.
(I translated the book name directly, so might not be the exact name....)
The author of the book thinks that the world can be handled easily,
and I do agree.

For example,
our basic 4 necessities "clothes, food, stay, transport" all can be handled easily.
Somehow,
people living a suffered life is because they chasing for branded clothes, eating at luxurious restaurants, buying big houses, buying luxurious cars.

Listen,
I am not telling everyone to stop going after those things and be stingy.
This is because when we have something to go after,
only we will try to improve ourselves.

It is just that sometimes..........
when we feel like living at this world is suffering,
perhaps we can change our minds to think that everything can be handled easily?
Isn't it better to go after something because WE WANT TO BE BETTER,
not because of suffering?

I think we went too far......

Back to investment,
I think the investment can be handled with ease as well.

Whenever I told someone I invest,
most of the people will start to imagine that I wearing thick specs,
sitting in front of computer all day long,
keep staring at the share price's movement on the screen,
read a lot of charts and reports which is hard to understand,
and think that investment is hard.

Actually,
I invested for almost 7 years,
and I never think the investment is hard and suffering.
Instead, is easy and relaxing.

Maybe is because of the way how I did my investment~

What I did at everyday except weekend,
I will just open the screen at the morning to see the share price,
just in case there is any bargain,
also to make sure that I won't forget my password to log in.
All this only took me 5 minutes.

After the market closed,
I will check the Top Gainer and Top Loser lists.
Since most of the shares I investing having double digit share price,
usually a bit of changes also enabled them to be in the list.
All this only took me another 5 minutes.

Totally is just 10 minutes per day.

When the companies I invest or having interest at release the quarterly financial reports and annual reports,
I will download and read it.
Sometimes I will go to shopping mall nearby,
to do "field check" and to see is there any new products offered.

That's all I did for my investment for the pass years.

Of course I am not saying that you must follow my way.
NO NO NO~

It is just that......
whenever you feel that the investment is hard and want to give up,
just think again....
is it really hard?
Or actually investment can be handled with ease?



Related links :
Comparison of portfolio at the start and end of year 2011
My current investment portfolio
My self-introduction article

My Facebook Page
My Twitter : @TheCellist86

轻松应付世界，轻松应付投资

最近在看着<<我决定认真地瞧不起人生>>这本书。
书中作者有提到说他觉得这个世界本来可以轻松应付的。
我本也是挺赞同如此说法。

举例来说，
我们的基本需求“衣食住行”，都是可以轻松应付的。
但往往人们为了名牌衣服、去高贵餐厅、买别墅、买外国名贵车，
而令自己觉得生活辛苦。

当然，
我并不是鼓吹大家要节省，不去追求这些东西。
毕竟有所追求，才会有所进步。

只是，
我们在追求这些东西而觉得这个世界很痛苦时，
可以转念想一想，
其实这个世界本来是可以轻松应付的。
放松一下紧绷的心情，
不以痛苦为出发点，
而是以追求更好作为出发点，
来应付世界，
会不会更好呢？

扯远了.........

回到投资上，
我也是认为投资本来可以轻松应付的。

有时一说到我在投资，
很多人就会想象我从早到晚都粘在电脑前，
紧盯着荧幕上的股票报价，
看一大堆艰涩难懂的图表和报告，
而觉得投资很痛苦很难应付。

其实，
我投资了将近7年，
一点都不觉得痛苦，
反而觉得很轻松。

可能是因为我的投资方式吧！

我所做的事情，
就是每天早上开电脑看一下股价，
看看有没有大跌可以捡便宜，
顺便确保自己不会忘记密码。

下午收市后瞄一下Top Gainer和Top Loser list就行了。
反正我买的都是大粒股，
一点上下就会进Top Gainer/Loser list里。

除此以外，
就是每次出季度报告和年度报告，
我都会下载来阅读。
然后得空得空会去附近的购物商场，
看看有什么新产品等做实地考察。

我就这样轻松地投资了将近7年。

当然，
我并非说一定要跟着我的方法去做。

而是当你觉得投资很痛苦想放弃时，
是不是可以反思一下，
其实投资也是可以轻松应付的呢？



相关连接：
2011年头与年尾的投资组合比较
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

My investment result for year 2011

Today originally I wanted to transfer one of my old article to here.
When I opened my thread at the forum,
the 1st article I saw is about my investment portfolio at that time.

After some thinking,
I decided not to transfer the article.
Instead,
I will write an article about the comparison of my investment portfolio at the start and the end of year 2011.

According to my old article,
During year 2011 April 13rd (3 months after I started investment),
my portfolio:
1)AEON
2)TWS
3)CMMT
4)TEXCYCLE

At 2011 December 31st, my portfolio：
1)AEON
2)DLADY
3)F&N
4)NESTLE
5)PANAMY
6)PBBANK

My investment return of that year is 28%.
All thanks to:
AEON surged to RM7.24 from RM5-RM6.
PANAMY surged to RM20.04 from around RM17.
NESTLE surged to RM56 from around RM47.
DLADY surged to RM23.40 from around RM18.

As shown above,
the companies in my portfolio totally changed except AEON.

There are two main reasons why I changed.

1st,
I am not shy anymore.

At that time,
DLADY, PANAMY, NESTLE share price are all double digit.
Whenever I saw it,
"Oh my god, so expensive, I can't afford it."
I shied away...

What happened is I conquered my shyness,
tried to read the annual reports of those "expensive"companies,
and I understood that:

"Is better to pay RM100 for a diamond than paying RM1 for 10 stones."

Luckily there was a small bear market during 2011,
so it provided me a good timing to buy those good companies.

2nd,
I decided that instead of trying to grow my investment capital by achieving high returns at stock market,
is more efficient to grow it by my salary income.

I graduated from UPM that year,
and my investment captail is just less than 5 digit figures,
ROE of 30%?
I can get the same amount of money by working for 2-3 months.

Therefore,
I decided to find a job that can allowed me to save at least RM2000-RM4000 per month.
In order to do this,
I need to focus more on my job.
I bought those good companies,
so that I don't need to spend a lot of times on share market.

All thanks to teachers and friends that I met during year 2011.
They helped me opened my eyes and saw a different world,
that is how I constructed my investment style till now...


Related links :
My current investment portfolio
My self-introduction article
My Facebook Page
My Twitter : @TheCellist86

我的2011年投资成绩

今天原本打算从论坛那里把以前写过的旧文转贴过来。
结果打开我的论坛帖子一看，
第一篇文就是当时的投资组合。

想了想，
就决定不转贴，
而是写一篇2011年年头与年尾的投资组合比较文章。

根据那篇旧文，
我在2011年4月13日，也就是开始投资3个月后的投资组合：
1)AEON
2)TWS
3)CMMT
4)TEXCYCLE

而我在2011年12月31日的投资组合：
1)AEON
2)DLADY
3)F&N
4)NESTLE
5)PANAMY
6)PBBANK


当年的投资回酬为28%.
归功于AEON从5-6块上涨至RM7.24。
PANAMY从17块左右上涨至RM20.04。
NESTLE从47块左右上涨至RM56。
DLADY从18块左右上涨至RM23.40。

可以看到，
我的组合中除了AEON，完全改头换面了。

会有如此的转变，
可以归咎为两个因素。

第一，
我不再自卑。

当时DLADY, PANAMY, NESTLE的股价都是双位数。
每当看到这些股价，
“好贵啊！我买不起。”
这样的自卑想法就会猛然而起。

最后是我克服了自卑感，
尝试去阅读这些公司的常年报告，
才明白到一个道理。

“与其用RM1买10个石头，倒不如用RM100买一块钻石。”

刚好当时2011年有个小熊市，
也为我买入这些好公司的时机提供了一个很好的切入点。


第二，
我决定与其靠投资增加资金规模，
倒不如靠工作收入更有效率。

毕竟当时大学毕业后，
我的资金规模连5位数都不到，
回酬30%？
这笔数目靠工作两、三个月都能得到了。

所以我决定去找一份能让我每个月存4位数的工作，
转而买入稳定公司的股票，
好让我不用花太多心思在股市，
而是能更集中精神在工作上，
赚更多的钱来增加资金规模。


感谢当年的良师益友，
让我看到另一个世界，
得以塑造出自己的投资风格。



相关连接：
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

My current investment portfolio

Writing down my current investment portfolio while opening my new blog.

A senior in investment said :
"By looking at someone's investment portfolio, you will be able to find out his/her personality."

So,
let me show my personality here:

1)AEONCR (31.3%)
2)NESTLE (22%)
3)LPI (18.1%)
4)PANAMY (14.9%)
5)PBBANK (5.3%)
6)DLADY (3.9%)
7)COCOLAND (2.9%)
8)F&N (1.6%)

My three main investments are the Growth of AEONCR, 
the Stability of NESTLE ,
the Dividend of LPI.

My investment return from 2017 January 1st until now October 14th:
ROA = 19.7% (if taking margin amounts as cost)
ROE = 31.9% (if don't take margin amounts as cost)

Even though with this return, my investment capital only grew about 5% since the start of 2017.
But the good thing is,
I reduced 30% of my margin financing amount.

This is because my target of this year is to DE-LEVERAGE.
In another words,
I used the money earned to pay back my margin financing.

Currently 25% of my investment capital were the exact money that I put into share market,
another 25% were from margin financing,
and the rest 50% were the profits I accumulated all these years.

To make it simple,
for example if currently my investment capital is RM100,000.
RM25,000 are the money I earned and put into share market,
another RM25,000 are the money I borrowed from margin financing,
and the rest RM50,000 are the profit I accumulated all these years.

Is kind of wasted that I did take out some of my profits to reward myself,
if not the growth of my investment capital will be much higher.

Hereby I also write down my investment return for the past years：
2011 :   ROE = +28.0%   
2012 :   ROE = +31.8% 
2013 :   ROE = +15.0%  , ROA = +13.3%（started using SMF）  
2014 :   ROE = -12.0%   , ROA =   - 8.0%
2015 :   ROE = +21.6%  , ROA = +13.3% 
2016 :   ROE = +38.0%  , ROA = +22.2%
2017 :   ROE = +31.9%  , ROA = +19.7%(until 14th October)

If I have RM1,000,000 at the start of year 2011,
after investing for 6 years plus 10 months plus 14 days,
it will grows into around RM3,779,000.
Annual compound interest is around 20.9%.
(a lot better than EPF~)

From now on,
I will update my investment portfolio every quarter,
at the same time I will review my past buying and selling records.
I will transfer some of the old articles I wrote before,
but I not sure I will translate those articles to english or not.......

Last sentence......
I believe my personality is shown right?



Related links:
My self-introduction article
My Facebook Page
My Twitter : @TheCellist86

我目前的股市投资组合

开设这个部落格的同时，
同时也记录下我目前的股市投资组合。

有前辈说过：
“看一个人的投资组合，就能看出他的个性。”

现在就展示我的个性：

1)AEONCR (31.3%)
2)NESTLE (22%)
3)LPI (18.1%)
4)PANAMY (14.9%)
5)PBBANK (5.3%)
6)DLADY (3.9%)
7)COCOLAND (2.9%)
8)F&N (1.6%)

我主要的3大投资就是AEONCR的成长、NESTLE的稳定、LPI的股息。

我今年1月1日到10月14日的投资回酬：
ROA = 19.7%  (如果把马金当作本钱来看待。)
ROE =  31.9%  (如果不把马金当作本钱。)

虽然有如此的回酬，但我的资金规模比起年头只增加了5%左右。
好事是，我的马金负债比起年头减少了30%.

这是因为今年我都在去杠杆化。
简单地说，就是赚到的钱都拿来还马金了。

如今我的资金规模，所投入的本钱只有25%，马金占了25%，其余50%都是盈利。
简化地说，
假设如今我的资金规模为100千，
这100千里面，25千是我真正投入的本钱，
另外25千是马金借来的，
而剩下的50千都是股市上涨得来的盈利。

可惜的是，
我一直以来都有把一些盈利抽出来当作奖励自己的习惯，
要不然资金规模会成长得更高。

顺便写下我往年的回酬好了：
2011 :   ROE = +28.0%   
2012 :   ROE = +31.8% 
2013 :   ROE = +15.0%  , ROA = +13.3%（开始使用马金了）  
2014 :   ROE = -12.0%   , ROA =   - 8.0%
2015 :   ROE = +21.6%  , ROA = +13.3% 
2016 :   ROE = +38.0%  , ROA = +22.2%
2017 :   ROE = +31.9%  , ROA = +19.7%(到10月14日为止)

如果当初我有一百万，
经过6年又10个月14天的投资，
会成长至377.9万。
年复利为20.9%。

接下来的日子，
我会一方面更新我的投资组合，
一方面回顾往年的买卖记录，
并把以前写过的文章转贴过来。

结束之前。。。
相信我的个性已经完全展现出来了吧？


相关连接：
我的第一篇自我介绍文
我的脸书专页
我的推特：@TheCellist86

1st post is always self-introduction

I invested at Malaysia share market for almost 7 years.
All this while,
I have been using The Cellist as my nickname in a local investment online forum for almost 7 years,
and I posted some articles at that forum as well.

However,
as time goes by,
I realized that the forum mentioned above has less and less viewers.
I worry that the forum might closed down,
and I will have no place to write down my investment articles for the future,
also scare that all my written articles might disappear,
so I decided to open my own blog.

I will briefly write down my past investment experiences here:

At 2011,
while I am finishing my final semester at local university UPM,
I stepped into Malaysia share market and started my investment with capital less than 5 figures(Ringgit Malaysia).

At 2012,
I learned how to leverage by using SMF,
so my investment capital grew into 6 figures.

At 2013,
I doubled my investment capital.
By having that kind of amount of capital at my young age,
I started to become overconfident aka cocky.

At 2014,
I faced a small bear market and lost 25% of my investment capital.
A slump for me.

At 2015,
I rose back and grew my investment capital back to the level during 2013.

At 2016,
My investment capital grew another 50%.
1st time in my life that what I earned from investment is more than what I earned from my job.

At 2017,
I still inside the share market.....

From now on,
I will write down anything regarding to my investment here.
However, I am a long term investor,
so there might not be a lot of things I can write down.
Hopefully I can write one article per week.

Also,
I will write down my opinion on my past investment decisions,
and transfer some of the articles I wrote at the forum mentioned to here as well.
Those articles are all in mandarin,
so I might or might not translate it into english.

That's all for today.

Related links:
My Facebook Page
My Twitter : @TheCellist86

第一篇当然是自我介绍

大提琴家今年31岁，

闯荡马来西亚股市也快7年了，

一直以来都有在某个投资论坛发表自己的投资记录，

但眼看论坛逐渐没落，开始担心自己过去的文章会消失，

并且未来没有可以记录自己投资经历的地方，

于是决定自己当家，开设自己的部落格~

呵呵！

在这里先简单叙述下自己过去的投资经历好了。

2011年，我在本地大学读着最后一个学期的同时，拿着不到5位数的资金(马来西亚零吉)，毅然踏入了马来西亚股市。

2012年，我学会使用杠杆，也就是马金（SMF），在股市投入的资金来到了6位数。

2013年，我的股市资金翻倍，年少得志，自信心爆棚而开始妄自菲薄。

2014年，遭遇小熊市，我的资金失去了4分之1，惨遭挫败。

2015年，我重新振作，股市资金重新回到2013年时的水平。

2016年，股市资金增长了50%，我第一次体会到投资收入多过正职收入的滋味。

2017年，我仍继续在股市闯荡中.......

我会在这个部落格持续更新接下来的 投资经历，

但毕竟我是长期投资，投资组合短期变化不大，

所以希望能做到一星期一更。

除此以外，

我也会针对过去的买卖记录，做出一些分享，

并且也会把以前在某投资论坛所发表过的文章陆续转贴过来。

那么，

今天就到此为止，

接下来要开始把这篇文章翻译成英文了。

其他连接：
我的脸书专页
我的推特：@TheCellist86