Results Update for AJIYA and HOMERIZ

  AJIYA (3QFY17) Speculation gone wrong? Of course Speculation could go wrong! Even the most conservative investment could go wrong! What did you expect?! Referring to our first post on AJIYA: Redefining Speculation,  we stated an opportunity to speculate on AJIYA. Two financial quarters have passed, AJIYA share price dropped Continue Reading

IQGROUP – My conversation with the Devil

“Graham’s image of Mr. Market, probably the most brilliant metaphor ever created for explaining how stocks can become mispriced. The manic depressive Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when a stocks are going up, he happily Continue Reading

AJIYA – Redefining Speculation

Just like the word Investment, Speculation has different meaning to different persons. The funny thing is, almost everyone involved in financial market like to pride themselves as Investors (or Traders), and none of them would regard themselves as Speculators. Cambridge dictionary define Speculation as “the activity of guessing possible answers to a question without having enough Continue Reading

Hock Lian Seng – The Deep Pocketed Construction Firm (F)

Introduction We presented the business analysis of Singapore listed construction firm Hock Lian Seng (HLS). Today, we are going to touch on the financial analysis of Hock Lian Seng, which is something new to us. If you are a loyal reader of this blog, you might have noticed our preference for companies with Continue Reading

HOMERIZ – The Usual Suspects (F)

Introduction In previous post, we conducted a Business Analysis on HOMERIZ, introducingThe Usual Suspects to consider when analyzing exporting manufacturers with little or no economic moat like HOMERIZ. In this Financial Analysis, we will first present the superb financial track records of HOMERIZ, followed by how it was impacted by The Usual Suspects, and finally conduct a Continue Reading

SOLUTN – Solution for Education (F)

In previous post, we explored the business model of SOLUTN. In this post, we will look at SOLUTN (0093) financial numbers to understand more about its company financial and its business performance from income statement, balance sheet, and cash flow statement. Finally, we will do a valuation to determine if the current price is Continue Reading

IQGROUP – The IQ to move up the Value Chain (F)

Previous post, we posted a business analysis of IQGROUP. In this post, we explore the financial figures of IQGROUP. Before that, we would like to remind our readers that in our every case study, we start with a Business Analysis post and followed by a Financial Analysis post. Business Analysis is always fun Continue Reading