(My photo shooting skill still need to improve...^_^")
Before Tan Teng Boo ("TTB") commenced to share us a list of shares that compse the ICAP's portfolio like last time, he mentioned why ICAP should be traded in premium (OK, I was patient to listen to this salesman promotion...^_^!!). The reasons given by TTB to justify 'why ICAP should be traded in premium' can be found from the previous article in my blog.
http://kinwing.blogspot.com/2009/08/forward-company-analysis-icapitalbiz.html
So he was just repeating the few points such as the 3 'N' principals, how the fund manager is saving lot of costs for the fund lah, how the fund manager is picking cheap stocks lah, how integrity the fund managerlah and blablabla. For me, I view the most important point is the 3 'N' principals, i.e. 'No' Borrowing, 'No' Derivatives / Off Balance Sheet Liabilities and 'No' Short Selling that enrich the financial strength of ICAP. At least I can sleep soundly during nights without worrying wake up the next day and found out the fund is in bankruptcy.
Later, TTB shown us a list of shares that the fund has invested. The list of shares is shown below in alphabetic order:-
1) Astro All Asia Networks PLC (ASTRO, 5076)
2) Boustead Holdings Berhad (BSTEAD, 2771)
3) Fraser & Neave Holdings Berahd (F&N, 3689)
4) Haio-Enterprise Berhad (HAIO, 7668)
5) Integrax Berhad (INTEGRA, 9555)
6) Kuala Lumpur Kepong Berhad (KLK, 2445)
7) Lion Diversified Holdings Berhad (LIONDIV, 2887)
8) Mieco Chipboard Berhad (MIECO, 5001)
9) Padini Holdings Berhad (PADINI, 7052)
10) Parkson Holdings Berhad (PARKSON, 5657)
11) Petronas Dagangan Berhad (PETDAG, 5681)
12) Poh Kong Holdings Berhad (POHKONG, 5080)
13) P.I.E Industrial Berhad (PIE, 7095)
14) Suria Capital Holdings Berhad (SURIA, 6521)
15) Swee Joo Berhad (SWEEJOO, 5119)
16) Telekom Malaysia Berhad (TM, 4863)
17) Tong Herr Resoruces Berhad (TONGHER, 5010)
(to be continued)
http://kinwing.blogspot.com/2009/08/forward-company-analysis-icapitalbiz.html
So he was just repeating the few points such as the 3 'N' principals, how the fund manager is saving lot of costs for the fund lah, how the fund manager is picking cheap stocks lah, how integrity the fund managerlah and blablabla. For me, I view the most important point is the 3 'N' principals, i.e. 'No' Borrowing, 'No' Derivatives / Off Balance Sheet Liabilities and 'No' Short Selling that enrich the financial strength of ICAP. At least I can sleep soundly during nights without worrying wake up the next day and found out the fund is in bankruptcy.
Later, TTB shown us a list of shares that the fund has invested. The list of shares is shown below in alphabetic order:-
1) Astro All Asia Networks PLC (ASTRO, 5076)
2) Boustead Holdings Berhad (BSTEAD, 2771)
3) Fraser & Neave Holdings Berahd (F&N, 3689)
4) Haio-Enterprise Berhad (HAIO, 7668)
5) Integrax Berhad (INTEGRA, 9555)
6) Kuala Lumpur Kepong Berhad (KLK, 2445)
7) Lion Diversified Holdings Berhad (LIONDIV, 2887)
8) Mieco Chipboard Berhad (MIECO, 5001)
9) Padini Holdings Berhad (PADINI, 7052)
10) Parkson Holdings Berhad (PARKSON, 5657)
11) Petronas Dagangan Berhad (PETDAG, 5681)
12) Poh Kong Holdings Berhad (POHKONG, 5080)
13) P.I.E Industrial Berhad (PIE, 7095)
14) Suria Capital Holdings Berhad (SURIA, 6521)
15) Swee Joo Berhad (SWEEJOO, 5119)
16) Telekom Malaysia Berhad (TM, 4863)
17) Tong Herr Resoruces Berhad (TONGHER, 5010)
(to be continued)
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