初步調查：2年賬目有問題
金鵬涉虧2億報賺3億
會計醜聞引疑慮．財報季節蒙塵
分析員：健全制度助重建信心
Transmile was one of the 'darling stock' before, it was the so call 'Super Brand' in Bursa Malaysia.
The share price in the last 1 year has maintained at the region of RM12-RM14. A lot of investor ( retail & institution, local & foreign) has been attracted by it's good financial results, but I believe most of them bought the shares only because 1) Robert Kuok & Foreign Investor has a stage in it 2) Strong publication and successful image projection by mass media.
Those who bought in the shares in last 1 year at around RM12-RM14 will suffer losses of nearly 50% as at today closing of RM6.00
The investment philosophy of Benjamin Graham has once again prove to us it is still relevant in this century.
It's concept of 'Value Investing' and 'Margin of Safety' must be adhere to by all 'investor'. You will not getting quick profits from practicing this concept, but you certainly will get a handsome rewards in the long term.
And the most important one is you will avoid from making 'buy decision' chasing Transmile at RM12.
Another lesson is do not make investment decision only based on news in the mass media. The Big Sharks & Crocodiles are smart in using mass media to promote for them. ( this is why I use I-Capital for independent analysis)
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