问题是market对这个development cost不买账。

資產裏面的東西值多少錢，全部公司説了算。

想不到坐一艘超大型游輪都可以體驗坐過山車的感覺。

銀行股的DY就是估值重點，老虎DY來到7%算低估，來到5%就很難創高了。

Inari在出財報前市場已經預期不會太好，已經先行下跌消化預期壓力了，反而是Greatech在財報前從RM1.5拉到RM2，期望值拉滿，結果出了財報炸彈，真的holland了。

Sorry if this sounds like I’m pouring cold water here.

But when investors discuss a company’s performance, we should be sharp and direct. We shouldn’t sweep real issues under the carpet just because we’re afraid that others might hear it and not dare to buy the stock.

Many investors don’t realize that our position as investors is actually opposite — sometimes even conflicting — with management’s position.

Because of my job, I’ve followed my boss to meet many listed company owners, had meals at their houses, and attended meetings at their private clubs. I can tell you honestly, in their eyes, retail investors are like fools. They can release news anytime and move the share price around to play with retail investors’ emotions.

They might be a bit cautious with funds, but if the funds don’t hold enough voting power, they’re not afraid of them either.

Whenever I hear investors say we should just trust the management and trust the boss, I honestly find it quite sad.

Impairment is lower than last year, but this company is really impressive. It does RM2.5 billion to RM4.8 billion in revenue a year, yet it has never been able to make a profit in 11 years and it can’t even narrow its losses.

Sorry to say this, but I think Irelia is stuck now in this stock. Irelia holds 95 million shares, but the monthly trading volume of this stock is only around 5 million shares.

One of the reasons many funds don’t like buying into family businesses is that the family management usually has very strong control over the company. Even if the funds are unhappy with the direction or the management, there’s basically nothing much they can do about it.
The only way for Irelia to cut loss is to dump the shares to someone else at a discount.

我帮老师们想好藉口了，拿去用不用谢。
“其实我在财报公布前之前已经减持了大部分仓位，我现在手上拿着的是免费票，然后你知道公司手上有多少资产？So，你怕它不会起啊·，了解，你就会拿票拿到很开心了~“

真的是差不多3亿，但是是反过来的。

對呀，投資操作越頻繁，回報率就越低。
馬股成交量很低，這種市場比較能夠看到大戶的動作。
可以看到很多股都發生升破阻力線出貨和跌破支撐線進貨的現象，這種A型和倒A型都是成交量低時大戶操作的慣用手法。

做短線容易給大戶割韭菜，最好還是根據基本面做長期投資，這招大戶根本拿你沒轍。