Horizon.my

As investors, we usually try to get a feel for the future earnings of the company we invest in. If we can’t predict future earnings, we can at least find out how a company plans to increase its earnings. There are basically several ways:

Hektar REIT is one of the higher yielding REITs on Bursa Malaysia. Having sank to a low of RM0.73 during last year’s meltdown, its unit price has since gained some 45% to close at RM1.06 yesterday. Even at the current price of RM1.06, Hektar’s distribution yield works out to be 9.6%, a very enticing proposition [...]

Cost-Income Ratio is a useful performance indicator we can use to guage the efficiency of a bank’s operations. In Malaysia currently, the Cost-Income Ratio for our banking sector varies from between 30% – 50%. The most efficient bank in terms of Cost-Income is still Public Bank which last year brought its CI down to just [...]

We just had a round of quarterly reporting on Bursa Malaysia recently. And one message came out loudly. Everywhere you turn, companies are saying that we are in uncertain times. It’s hard to know what earnings will look like over the next two years. It is times like this that makes us appreciate companies which [...]

In an earlier article on Free Cash Flow, I touched on some adjustments we need to make on a company’s profits to arrive at the Free Cash Flow figure. I’ve always found the standard Cash Flow Statement hard to read especially for big companies. They pack it with so much detail and it’s hardly presented from [...]

If you are a business owner, you will agree that cash flow is king. Looking at earnings is only half the story. Too often we hear of companies making profits but in the end they still fail. Earnings can be puffed up with fictitious accounting transactions. The telling sign is usually this… While the company [...]

Creator of Bollinger Bands: John Bollinger (early 1980s) The purpose of Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. Bollinger Bands are akin to envelopes on the upper and lower side of a moving average line. [...]

I am pleased to advise that our Charting application is now ready. Charts are available for all Bursa Malaysia companies but excluding the indices for now. Our share price data goes back around 1.5 years. You can plot share price and technical indicators such as Moving Averages, RSI, MACD, Stochastics and so on.

Little has been spared in the current market meltdown. Big companies, small companies… everywhere you look share prices are a fraction of what they were last year. I am a large cap investor. But while scanning through some of the smaller companies on Bursa Malaysia, I am really amazed at how cheap things have become. [...]

If you have ever wanted to TRAVEL THE WORLD FOR FREE, now may be the time! Yeah right! I hear you say. Don’t believe me eh? If you had your own airline, you can go anywhere for free right? I’m not kidding! Just buy over MAS and give yourself a free ticket, that simple! Sounds ridiculous but [...]