tag:blogger.com,1999:blog-28021668.post6401088592533833710..comments2023-10-12T21:12:41.408+08:00Comments on Value Investment - Musicwhiz's Journey: Tat Hong – 1H FY 2011 Financial Review and AnalysisMusicwhizhttp://www.blogger.com/profile/10950754156386935254noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-28021668.post-83713739404703003412011-01-23T00:53:30.622+08:002011-01-23T00:53:30.622+08:00Hi C130 Spooky,
Well I think Tat Hong has a domin...Hi C130 Spooky,<br /><br />Well I think Tat Hong has a dominant position in this industry, and the years of experience have built up somewhat high barriers to entry for new players. That said, being small and nimble has its advantages as well, and Tat Hong will continue to be assaulted by small "attacks" rather than be bothered by the rest of the major players (who already had established their niches). I guess I have yet to do a detailed five-forces model on Tat Hong. I may or may not depending on time constraints.<br /><br />As for debt, yes debt is cheap now but I still am not comfy with the idea of a net debt position and the Company taking on more leverage to grow (through Tutt Bryant). Perhaps more time needs to pass before I can see the benefits.<br /><br />Thanks,<br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-14971934292989102862011-01-18T14:57:08.190+08:002011-01-18T14:57:08.190+08:00Hi Musicwhiz,
What are your thoughts of drawing a...Hi Musicwhiz,<br /><br />What are your thoughts of drawing a correlation between attractiveness of the industry through Porter's analysis and the profitability margins of the company?<br /><br />Second, I reckon that a net debt position of the company may be good because debt is a cheaper source of financing. Particularly for capital intensive companies like TH. <br /><br />Your thoughts.<br /><br />C130spookyC-130_SPOOKYhttps://www.blogger.com/profile/12468330084497516977noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-66812020349506648872010-12-21T02:35:12.392+08:002010-12-21T02:35:12.392+08:00Hi Singapore Stock Picker,
Maybe you can try with...Hi Singapore Stock Picker,<br /><br />Maybe you can try with another nickname? Thanks!<br /><br />Cheers,<br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-42392766086753145132010-12-20T22:34:59.867+08:002010-12-20T22:34:59.867+08:00hey! i tried to register for value buddies but the...hey! i tried to register for value buddies but they said that my details match those of a known spammer/scammer. SighSingapore Stock Pickerhttps://www.blogger.com/profile/04926088915588570509noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-73406893180762436592010-12-20T16:22:43.622+08:002010-12-20T16:22:43.622+08:00Hi Mr. ICICI,
I have to monitor for a few more qu...Hi Mr. ICICI,<br /><br />I have to monitor for a few more quarters to verify and establish that fundamentals have indeed deteriorated permanently, and to confirm that this is not just a temporary "blip" as Tat Hong is in a cyclical industry.<br /><br />Looking at the current valuation, yes I would not buy it now; but that does not mean I would not buy it when it was trading at more attractive valuations, based on criteria I drew upon back in 2008/2009.<br /><br />I guess the verdict will only be out some time later on Tat Hong, so stay tuned!<br /><br />Regards,<br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-44013406785502325182010-12-20T16:18:58.780+08:002010-12-20T16:18:58.780+08:00may i ask wat's stopping you from selling this...may i ask wat's stopping you from selling this company right now?<br /><br />fundamentals are deteriorating.<br /><br />looking at another way, you wouldn't even touch this company if you hadn't buy it.Mr ICICIhttps://www.blogger.com/profile/12428931307225453905noreply@blogger.com