Investing For Value

Case Notes 31. Using AmFirst REIT as a case study,  this article looks at the factors to consider when investing in REITs.  

Value Investing Case Study 36-1: A fundamental analysis of Tower REIT to determine what to do with this loss-making investment.  

Case Notes 30. This article looked at the Bursa Malaysia energy services and equipment sector and identified the better companies for further investigation. It also compiled the base rates for the sector.      

Fundamentals 23: This article argues that volatility and permanent loss of capital are not mutually exclusive views of risks. If you consider them different components you can have a more comprehensive approach to risk mitigation. At the same time, you can use Modern Portfolio Theory or CAPM concepts in your fundamental analysis.  

Fundamentals 20-4: I established a stock picking portfolio at the start of 2022. This Sep 2022 review showed further losses but I am buying as there are better margins of safety.

Case Notes 29. REITs, Property Stocks or Properties are all investment in real estate. This article looks at the factors to consider when deciding how to choose among them.  

Case Notes 28. This article looked at the Bursa Malaysia auto sector and identified the better companies for further investigation. It also compiled the base rates for the auto sector.    

Case Notes 27. This article looked at the Bursa Malaysia REITs and identified the better REITs for further investigation. It also compiles the base rates for the sector.  

Value Investing Case Study 35-1: This is a worked example of how I used the Shareinvestor WebPro to analyse and value a company. It uses CB Industrial Product Holding Bhd as the case study in this fundamental analysis.  

Value Investing Case Study 34-1: In this post, I share my thoughts on how I derived the Investment Thesis for Innovative Industrial Properties Inc. Looking at the numbers from the financial statements are not sufficient. You have to dig deeper.

Value Investing Case Study 33-1: I invested in Pintaras about a decade ago achieving a good return. In this post, I carried out an updated fundamental analysis to determine whether there is an opportunity for another round of investment.

Value Investing Case Study 32-1. This post focus on how I establish my investment ideas for US steel through reading the annual reports/Forms 10k.  

Value Investing Case Study 31-1: I started to invest in NAIM in 2017 as a turnaround candidate. In this article, I share my plans for this stock based on a fundamental analysis of the Group.

Fundamentals 20-3:   I established a stock picking portfolio at the start of 2022. While the Mac 2022 review showed that it made money, this end of Jun review indicated a loss. My advice is to continue to hold as the intrinsic values are still intact.  

Value Investing Case Study 30-1: An updated fundamental analysis of NVR, a NYSE home builder, based on the first quarter of 2022 financials.

Case Notes 24. This post takes the contrarian view that you  should not rush into buying a house despite the expected high inflation environment.   

Value Investing Case Study 28-1: Opensys: Evaluating a hidden IT investment opportunity.

Value Investing Case Study 14-3: I last covered KFima in the middle of 2021. In addition to an update, I share in this post what I plan to do with my investment in this company.  

Value Investing Case Study 12-4: A review of my holdings in Parkson Holding. I also share my framework for determining what to do in cases where the price had declined substantially.  

Case Notes 23. Using US and Bursa Malaysian companies as examples, this post looks at the issues to consider when investing in a high inflation environment. 

Value Investing Case Study 11-3: This is an update of Boise Cascade taking into account the Q1 2022 results. The focus is on valuation. Different assumptions lead to different conclusions. The challenge is deciding on a realistic picture.  

Value Investing Case Study 16-3. I last covered Worthington Industries in July 2021. This is an updated analysis incorporating the Q3 2022 results. Note that the FYE is May.

Case Notes 22. This post compiles the base rates for the Bursa Malaysia ICT services and software companies. I have also identified a potential company for further investigation.

Value Investing Case Study 27-1. This is a different approach from the other companies that I have analyzed. It is a combination of fundamental analysis of HTPadu and my investment history in the company. 

Fundamentals 20-2: In Jan 2022, I constructed a stock portfolio that is to be reviewed and updated based on "live" data. The goal is to illustrate how to manage a stock portfolio.  This is the first quarterly review of the said stock picking portfolio. 

Value Investing Case Study 10-3. I initially covered Wing Tai in Mac 2021 based on the Annual Reports till FYE June 2020. This post is an update taking into account the Annual Report for FYE June 2021.

Value Investing Case Study 26-1. I had identified Lohakit Metal as a potential candidate in my Feb 2022 article on the Thai steel sector.  This is my investment thesis on Lohakit Metal.  

Fundamentals 21: There is an analogy between valuing a house and valuing a company. This article looks at the nuances when valuing property companies through such a lens.  

Value Investing Case Study 25-1. I had identified LIIHEN as a potential candidate in my Dec 2021 article on the Malaysian furniture sector.  This is my investment thesis on LIIHEN.

Investing tips 06:  This post about stock returns is part of a series of investing advice that has been collated from my Quora responses. I have updated it with some stock returns concepts. Revision date: 6 March 2022. “Superior investors make more money in good times than they give back in bad times.”  Howard Marks

Case Notes 21. This post compiles the based rates for the steel and metal sector in Thailand. I have also identified some potential steel companies under SET for further investigation.  

Case Notes 20.  This article looked at the various ways to identify a property cycle. In the context of investing in Bursa Malaysia property companies, the Housing Price Index is the best metric to use for identifying the Malaysian property cycle.   

Case Notes 19.  This article looked at the Bursa Malaysia construction companies and identified the better companies for further investigation. It also compiled the base rates for the construction sector.  

Value Investing Case Study 07-3. I first covered Dayang in Dec 2020. That analysis was based on the Annual Reports till 2019. This post is an update incorporating the FYE 2020 results and the LTM results for 2021.

Value Investing Case Study 24-1. A fundamental analysis of one of Bursa Malaysia furniture companies. This company was screened based on my earlier post on the Malaysian furniture sector. 

Value Investing Case Study 23-1. I first covered MDC Holdings for Seeking Alpha* in Nov 2021 based on the financial results till Sep 2021. This post provides some of the background analysis for the article. 

Value Investing Case Study 22-1. I first covered Zeus in Oct 2021 in Seeking Alpha based on the financial results till Jun 2021. The company has since released its Q3 2021 results. This post is an update incorporating the latest financials.