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Sunday, 30 December 2018

(Tradeview 2018) - Year End Report Card

Dear fellow traders / investors,

This is the year end report card of Tradeview 2018 Public Portfolio. We would like to thank all readers for the support shown through out the whole year. It has been a very challenging year and we believe it will not be easy in 2019. Moving into 2019, we will be focus especially on investment prudence but buying on value growth or dividend yielding counters will be our main direction.  

This is just a simple periodical report to keep track of the progress of my picks for readers. Feel free to cross check my public comments / article posting date as reference for the calls. Some are calls, some are articles on value picks but all are documented.

*The picks from when it was call until 30th December 2018 : (Gains exclude div) 

1. QL Resources Bhd - Called on 7 January @ RM 4.26 vs Present RM 6.70 (57% Gain) 

2. Poh Kong - Called on 21st March @ RM 0.54 vs Present RM0.45  (-17% Loss) 

3. Hengyuan - Called on 4th April @ RM 6.50 vs Sold RM 9.50 (46% Gain) 

4. PetronM - Called on 4th March @ RM 7.50 vs Sold RM 9.60 (28% Gain) 

5. VS Industry - Called on 6th April @ RM 2.00 vs Sold RM 2.40* bonus + warrants (60% Gain) 

6. KSSC - Called on 6th Feb RM 0.50 vs Sold RM 0.75 (45% Gain) 

7. Uchitect - Called on 9th Feb RM 2.30 vs Sold RM 2.80 (22% Gain) 

8.  AYS - Called on 22nd Jan @ RM 0.40 vs Present RM 0.34 (-15% Loss) 

9.  Protasco - Called on 16th Jan @ RM 0.80 (post Bonus) vs Stop loss RM 0.60 (-25% Loss) 

10. CAB  - Called on 30th Jan @ RM 0.92 vs Present RM 0.52 (-44% Loss) 

11. SCC - Called on 1st March @ RM 0.54 vs Present RM 0.48 (-11% Loss) 

12. Choo Bee - Called @ RM 2.47 vs Present RM 1.48 (-34% Loss) 

13.  GBGAQRS - Called @ RM 1.85 vs Stop loss RM 0.88 (-53% Loss) 

14.  Layhong - Called @ RM 0.93.5 vs Stop loss RM 0.50 (-46% Loss) 

15. Eforce  - Called  @ RM 1.13 vs Stop loss RM 0.60 (-47% Loss) 

16. ECS ICT (Vestec) - Called @ RM 1.13 vs Present RM 0.98 (-11% Loss) 

17. Orna - Called on @ RM 1.34 vs Present RM 1.60 (19% Gain) 

18.  Muda - Called @ RM 2.20 vs Present RM 2.80 (27% Gain) 

19. Gamuda  - Called  @ RM2.80 vs Present RM 2.35 (-18% Loss) 

20. SamChem - Called @ RM 1.07 vs Present RM 0.66 (-39% Loss) 

21. MBSB - Called on @ RM 1.16 vs Present RM 0.92 (-19% Loss) 

22.  CIMB - Called @ RM 5.30 vs RM 5.78 (9% Gain) 

23. Oriental  - Called  @ RM 6.15 vs Present RM 6.18 (0.5% Gain) 

24. Kuchai - Called @ RM 2.18 vs Present RM 1.80 (-23% Loss) 

25. TM - Called on @ RM 2.38 vs Present RM 2.60 (11% Gain) 

26. Naim - Called on @ RM 0.45 vs Present RM 0.55 (22% Gain) 

27. Chinwell - Called on @ RM 1.55 vs Sold RM 1.80 (22%Gain) 

Our Average Portfolio Gain Year-To-Date (Based on equal shareholding & excluding dividend gain) : -1.24% Loss beating the KLCI Index Return of -5.83%  

Should you are keen to follow my views, there are 4 ways to follow Tradeview.

1. Private Exclusive Subscribers first
2. Website / Blog / Facebook second
3. Telegram Public Channel third
4. Forum last 

If you are keen to have investment education coaching or guidance, feel free to contact me at [email protected] to sign up. Thanks. 



**Some counters I may have spotted at lower entry price but I displayed the call price based on my first mention in public forums. Also, of all the counters above, some counters I have taken profit, some are still holding, some I have cut loss. My private subscribers would know. 

Sunday, 16 December 2018

(Tradeview 2019) Forward 6 Value Picks for 2019 (TM, PPHB, DKSH, Elsoft, BJ Food & Perstima)

Image result for buy when others are fearful

Dear fellow readers, 

Once again, these writings are just my humble highlights (not recommendation), feel free to have some intellectual discourse on this. You can reach me at :

Website / Blog :

or Email me to sign up as private exclusive subscriber : [email protected]

Many are looking back at 2018 wondering what went wrong and how could things be so bad? At Tradeview, we invested significantly lesser stocks in 2018 and was very prudent in our investment due to the uncertainties. Apart from QL, Poh Kong and a handful of others, we did not do much. This was because we did not have a clear direction. 

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We also suffered losses like many fund managers and investors. We also held certain stocks like MYEG, Eforce, Layhong which plummeted tremendously. However, thankfully these are only a small proportion of our holdings. In fact, our cash holding was the largest and we will publicly admit we actually made significant numbers of calls to our private group members in the month of November and December. We called close to 8 stocks in the month of November and December. These 2 months collectively has more stock picks than others. We finally saw the opportunity especially to collect some of the stocks which was in our watchlist for a long time. Our cash holdings was aggressively poured into these stocks.

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We would like to share with all that our picks are mid term to long term and definitely we will hold it into 2019. It also a collection of stocks which can weather the storm and turbulence. Amongst those, we would like to share are the following and at the price of entry as below :

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1. TM

We called TM earlier during the selldown at around RM3+ and when it was sold down, we waited until RM2.40 and below to call a further entry to average down. YB Gobind definitely rock the telco industry after becoming minister. Of course this is in the best interest of the people and users, which we have no objection. However, this severely impacted the related sector and companies of which EPF, KWAP, PRS funds are among the key investors in these companies. Indirectly, we may benefit from lower monthly telco fees but the losses from the holdings in these blue chips is far greater.  Having said that, we know the actual valuation for TM is much higher than RM3 and this was a good collection opportunity. We therefore called and collected.

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Similarly for PPHB, our initial valuation for the stock will be RM0.70 at least. The company continued to outperform and severely undervalued when FBMKLCI mid cap index fell close to 25% for the year. This was a good opportunity to collect at around 55 sens and below. The downside to this stock is because there is no dividend policy and may appear as a value trap. Nonetheless, the whacked down share price far below its actual value provide a good opportunity to enter a mid term value investment 


When we first called DKSH at RM3+, our estimated would be around RM4.60. When the share price fell to RM2.50, we further averaged down. Many have asked us why are we so bullish with DKSH and the purpose behind. Well, for one DKSH fell along with other blue chips and even out of the Syariah list. However, this company has very strong management and the international clientele which is the foundation of their distribution network gave us the confidence to hold. Whilst the margin is this, the valuation is cheap compared the mother company and regional players. It's book value is RM3.79 and the PER is trading at 6.9x hence it is a stock that will definitely rebound in the long term and one that we are willing to hold through the storm. 

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4. BJ Food

To be honest apart from the Starbucks franchise, we actually dont really like the other brands under BJ Food. The money churner is still Starbucks and it is Msia's market proxy to the US's global brand. We are also no particularly impressed with the management of Berjaya group management as a whole. A strong management would be able to do way better than the current valuation. However, we note that the company has disposed of their loss making Kenny Rogers business in Indonesia and starting to return to black. Additionally, substantial shareholder is buying to support the share price. We think this year will be turnaround year for BJ Food coupled with the consistent quarterly dividend of 3% full year, can look to collect at below RM1.35.

Image result for perstima

5.  Perstima

Our old favourite is back in the radar as the valuation for it should be at RM6 due to the high dividend yield, stronger revenue growth and opening of new markets and manufacturing facility in Philippines. Should the company declare dividend this year to be 20 sens, the yield at current price would be about 4%. Even the PER is undervalued based on the revenue growth and improvement in profit margin. When the market is as weak as it is, we advocated to our readers to consider buying on weakness. It remain was one the steady quiet mover that has rebounded for the year from a low of RM3+. There is still upside to RM5+ in the mid term.  

6. Elsoft Research Bhd.

We waited for Elsoft to retrace for a long time. We continued growth, strong dividend payout policies and record revenue for the year, the share price was steady for a long time. We finally had the chance on 11 December, a day after Datin Rosmah birthday to collect the stock at RM1.17. Many may think they just went ex dividend not long why bother to enter now? Well if I am a large fund that requires steady returns every QR to declare a year end payout, maybe I wouldn't but to me, the stock was trading at an immensely attractive valuation and almost at the bottom. I cant time the bottom but at that price, it works out perfectly with enough upside and sufficient margin of safety.

There are definitely others to the list of stocks we have watched, observed, consider, and called. Mostly with the market continuously being volatile, when the time comes, opportunity knocks, and value surfaces, what would you do? The above link demonstrates the beauty of buying on dips and weakness over chasing rallies.


Website / Blog :

Email me to sign up as private exclusive subscriber : [email protected]

Food for thought: 

Like many famous investors, Li often bought when others sold. When riots inspired by Mao Zedong’s Cultural Revolution broke out in Hong Kong in 1967, Li invested in the city’s property as prices tanked.