2bz4money
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https://www.eunittrust.com.my/
THE COMPANY
eUnittrust.com.my is the online unit trust distribution channel of Phillip Mutual Berhad. Phillip Mutual Berhad (PMB) was incorporated in Malaysia on 31 January 2002 under the Companies Act 1965 with paid up capital of RM10,580,000.
PMB is licensed to Capital Markets and Services Act 2007. The shareholders of PMB are Phillip Capital Holdings Sdn Bhd (PCH) (70%) and Ehsan Astaka Sdn Bhd (30%). PCH is in the financial services industry and has 8 subsidiaries, which are involved in various businesses such as fund management, information technology, money lending and properties. As at 30 April 2012 PMB has 2 Unit Trust Funds under its management.
PMB's sole activity is the management of unit trust funds. Our vision is to become a centre of investment excellence in Malaysia through the following approaches:
Product Leadership - PMB shall offer innovative investment products for customers;
Operational Excellence - PMB shall aim to produce consistent and superior investment returns while offering efficient and effective operations; and
Customer Intimacy - PMB shall strive to provide value added customer services at all times.
Our staffs have extensive experience in the unit trust industry within their respective areas of specialisation. They will be responsible for the day-to -day management of the funds, reporting to the Board of Directors, Investment Committee, Trustee and the Securities Commission. PMB is essentially part of the PhillipCapital Group of companies, a financial conglomerate with interests in stockbroking, futures broking, fund management and information technology. The group was established in 1975 and has a presence in 13 countries including Malaysia, Singapore, Thailand, Indonesia, Hong Kong, Australia, United Kingdom, Japan, China, France, Turkey, Sri Lanka and United States employing more than 3500 people worldwide.
p/s: saya bukan agen UT ini; cuma sebagai seorang pelabur UT Syariah yang ingin berkongsi info mengenainya kat CG ini. Semoga bermanafaat..
Dr Tan Chong Koay’s thoughts (few borrowed, mostly self-developed) on the discipline of value investing:
1. “Buy when most people, including experts, are pessimistic, and sell when they are actively optimistic.” –Benjamin Graham
2. “The investor of today does not profit from yesterday’s growth.” – Warren Buffett
3. “Success in stock market is based on principle of buying low and selling high.” – Sir John Templeton
4. “During boom times, investors are generally over optimistic. When the trend reverses, investors are normally ultra pessimistic.” – Dr. Tan Chong Koay
5. “One of the biggest problems during prolonged periods of declining market is no one likes to buy and temporarily underperform, even though the market is grossly under-valued.” – Dr. Tan Chong Koay
6. “Very few, if not none, knows the lowest point. Buying near the lows is the best you can do.” - Dr. Tan Chong Koay
7. “The major benefit of buying during crisis period is : Good shares are selling at bad prices. Emotions overtake rationalities.” - Dr. Tan Chong Koay
8. “If you have long-term funds and can withstand volatility and the market is at extreme low, you should increase your exposures and go towards fully invested.” - Dr. Tan Chong Koay
9. “Keeping cash when the equity market is at the extreme low is not a good alternative, as chances of equities outperforming cash improve significantly.” – Dr. Tan Chong Koay
10. “If you want to make money, you need to take calculated risks, and you do not want the market to function efficiently and perfectly. “ - Dr. Tan Chong Koay
11. “Think long term when the market is, in your opinion, low.” – Dr. Tan Chong Koay
12. “Never fully invested at all times.” – Dr. Tan Chong Koay
13. “Unless you wish to experience bankruptcy, never over borrow to buy shares.” - Dr. Tan Chong Koay
14. “After careful share analysis, investors need patience to wait for the companies to prove themselves.” – Dr. Tan Chong Koay
15. “Winners are those who buy undervalued shares which eventually gain popularity.” – Dr. Tan Chong Koay
16. “Never hesitate to sell share when you think it is grossly overvalued.” - Dr. Tan Chong Koay
17. “Most investors feel happy when shares rise and feel depressed when they fall. You should feel the opposite.” – Dr. Tan Chong Koay
18. If you follow a proven philosophy, your chances of winning improve. – Dr. Tan Chong Koay
19. “Trying to buy share at the lowest price and sell at the highest is unrealistic.” – Dr. Tan Chong Koay
20. “Studying the cycles of industries well will help investors to profit from the fluctuations.” – Dr. Tan Chong Koay
21. “In a volatile environment, the investment philosophy of “Never Fully Invest At All Times” should perform better than “Fully Invest At All Times” in the long run.” – Dr. Tan Chong Koay
22. “Consider increasing your equity exposure when the market is near the lowest.” – Dr. Tan Chong Koay
23. “If you believe the equity market is efficient, you will never be a star.” – Dr. Tan Chong Koay
24. “Establishing a good long-term track record must be the goal of every fund manager.” – Dr. Tan Chong Koay
25. “Value is in the eyes of the beholder.” – Dr. Tan Chong Koay
26. “Value investing is one of the most widely practiced investment approach for centuries. The main reason being it is a relatively simple approach that can be executed with good chance of success.” – Dr. Tan Chong Koay
27. “A conservative equity investor should be cautious and not be fully invested when the market P/E and prospective P/E exceed 30, even though you have long term fund.” – Dr. Tan Chong Koay
28. “As a value investor, you should not buy a share just because it has dropped more than 80%. You will only buy because the share meets your investment criteria and it is undervalued.” – Dr. Tan Chong Koay
29. “Is it better to buy a blue chip that sell at overstretched price or an undervalued emerging company that meets your investment criteria? I prefer the latter.” – Dr. Tan Chong Koay
30. “History is important but it does not guarantee success.” – Dr. Tan Chong Koay
31. “You must buy or sell your shares if they are trading at ridiculous prices.” – Dr. Tan Chong Koay
32. “It is wrong to invest in share just because you have the money. It should be because the markets/ shares are attractive and undervalued.” – Dr. Tan Chong Koay
33. “My best advice is buy in bad times and hold for long term.” – Dr. Tan Chong Koay
34. “Unless you can stand to lose, you should not invest in the stock market. You must learn from losing money.” – Dr. Tan Chong Koay
35. “You can make many small mistakes but not big mistakes. Diversification is a solution.” – Dr. Tan Chong Koay
36. “Knowledge, experience and research allow one to mitigate and benefit from volatility.” – Dr. Tan Chong Koay
37. “The economy’s performance and market performance may not be the same. Many times, when the economic growth is near the peak, the market crashes.” – Dr. Tan Chong Koay
38. “Investors should buy and sell a share which everyone will eventually want to buy and sell, but ahead of everyone else.” – Dr. Tan Chong Koay
39. “Small to medium-size companies are not necessarily higher risks. Many of them are dark horses and can become big winners.” – Dr. Tan Chong Koay
40. “Do not buy when the market is too high and do not place too much value on future earnings which may never materialize. One who buys too high can only sell lower.” – Dr. Tan Chong Koay
41. “Company visits do not guarantee good returns. You need hard work, analysis, experience and wisdom.” – Dr. Tan Chong Koay
42. “When analyzing a company, it is important to single out the significant factors that can enable the business to grow with a competitive edge.” – Dr. Tan Chong Koay
43. “A contrarian near the peak or the bottom of a cycle benefits most.” – Dr. Tan Chong Koay
44. “You do not need to be a genius to succeed.” – Dr. Tan Chong Koay
45. “Selling a share at a loss is not tantamount to making a mistake. You may make more losses by holding on.” – Dr. Tan Chong Koay
46. “During the crisis period, buy a share that corrects sharply with low gearing, price earnings ratio and has earnings growth.” – Dr. Tan Chong Koay
47. “In normal circumstances, over-diversification will not give you a superior result.” – Dr. Tan Chong Koay
48. “Establishing an appropriate investment strategy is admittedly not easy but essential to good performance.” – Dr. Tan Chong Koay
49. “Pheim Asset Management Sdn Bhd has followed its own value-investing investment philosophy of “not fully invested at all times” since it started operation in January, 1994. It now has established a long term track record. The philosophy has worked for the past 20 years and will remain relevant for many more years to come.” – Dr. Tan Chong Koay
50. “It is satisfying to have founded Pheim Asset Management Sdn Bhd, Malaysia with the investment philosophy of “not fully invested at all times”. It has produced superior long-term performance and at the same time created jobs adding value to the society and the industry.” – Dr. Tan Chong Koay
51. “An investor who has the skills and wisdom to take advantage of the market’s peak and trough is a true value investor.” – Dr. Tan Chong Koay
52. “Most investors know how to buy but not how to sell. Falling in love with a stock near its peak is not wisdom. Failing to buy one that has corrected sharply but run by good management team in industries that can grow is considered a weakness.” – Dr. Tan Chong Koay
53. “It is not difficult to assemble a 5-man investment team comprising highly qualified professionals. It is much more difficult to build an investment team sharing a common investment philosophy and culture.” – Dr. Tan Chong Koay
54. “Reading the major trend right is critical for outperformance. It is more difficult than most realise.” – Dr. Tan Chong Koay
55. “Which investor gets rich by putting all his / her monies in savings accounts?” – Dr. Tan Chong Koay
56. “Fund management is like running a marathon. You need patience, perseverance and hard work.” – Dr. Tan Chong Koay
57. “A portfolio that deviates from the benchmark components will have a higher tracking error and very often rated as a high risk portfolio. Therefore, an investor who takes advantage of the market’s ups & downs and outperforms the benchmark index will have a higher tracking error; he cannot be rated as a high risk investor by reading the market right.” – Dr. Tan Chong Koay
58. “Do you prefer to buy a stock that has a comparatively low price to book ratio or a low prospective price earnings ratio? I prefer a stock that has both in addition to meeting Pheim’s investment criteria.” – Dr. Tan Chong Koay
59. “Learning in the fund management industry is never complete even if one has experienced both bull and bear markets.” – Dr. Tan Chong Koay
60. “It is difficult for a long only equity fund manager to consistently outperform if the holding period is less than one month. An investor needs patience to allow the strategy to work.” – Dr. Tan Chong Koay
Dr Tan Chong Koay
Founder and Chief Strategist
Pheim Asset Management Sdn Bhd
THE COMPANY
eUnittrust.com.my is the online unit trust distribution channel of Phillip Mutual Berhad. Phillip Mutual Berhad (PMB) was incorporated in Malaysia on 31 January 2002 under the Companies Act 1965 with paid up capital of RM10,580,000.
PMB is licensed to Capital Markets and Services Act 2007. The shareholders of PMB are Phillip Capital Holdings Sdn Bhd (PCH) (70%) and Ehsan Astaka Sdn Bhd (30%). PCH is in the financial services industry and has 8 subsidiaries, which are involved in various businesses such as fund management, information technology, money lending and properties. As at 30 April 2012 PMB has 2 Unit Trust Funds under its management.
PMB's sole activity is the management of unit trust funds. Our vision is to become a centre of investment excellence in Malaysia through the following approaches:
Product Leadership - PMB shall offer innovative investment products for customers;
Operational Excellence - PMB shall aim to produce consistent and superior investment returns while offering efficient and effective operations; and
Customer Intimacy - PMB shall strive to provide value added customer services at all times.
Our staffs have extensive experience in the unit trust industry within their respective areas of specialisation. They will be responsible for the day-to -day management of the funds, reporting to the Board of Directors, Investment Committee, Trustee and the Securities Commission. PMB is essentially part of the PhillipCapital Group of companies, a financial conglomerate with interests in stockbroking, futures broking, fund management and information technology. The group was established in 1975 and has a presence in 13 countries including Malaysia, Singapore, Thailand, Indonesia, Hong Kong, Australia, United Kingdom, Japan, China, France, Turkey, Sri Lanka and United States employing more than 3500 people worldwide.
p/s: saya bukan agen UT ini; cuma sebagai seorang pelabur UT Syariah yang ingin berkongsi info mengenainya kat CG ini. Semoga bermanafaat..
Dr Tan Chong Koay’s thoughts (few borrowed, mostly self-developed) on the discipline of value investing:
1. “Buy when most people, including experts, are pessimistic, and sell when they are actively optimistic.” –Benjamin Graham
2. “The investor of today does not profit from yesterday’s growth.” – Warren Buffett
3. “Success in stock market is based on principle of buying low and selling high.” – Sir John Templeton
4. “During boom times, investors are generally over optimistic. When the trend reverses, investors are normally ultra pessimistic.” – Dr. Tan Chong Koay
5. “One of the biggest problems during prolonged periods of declining market is no one likes to buy and temporarily underperform, even though the market is grossly under-valued.” – Dr. Tan Chong Koay
6. “Very few, if not none, knows the lowest point. Buying near the lows is the best you can do.” - Dr. Tan Chong Koay
7. “The major benefit of buying during crisis period is : Good shares are selling at bad prices. Emotions overtake rationalities.” - Dr. Tan Chong Koay
8. “If you have long-term funds and can withstand volatility and the market is at extreme low, you should increase your exposures and go towards fully invested.” - Dr. Tan Chong Koay
9. “Keeping cash when the equity market is at the extreme low is not a good alternative, as chances of equities outperforming cash improve significantly.” – Dr. Tan Chong Koay
10. “If you want to make money, you need to take calculated risks, and you do not want the market to function efficiently and perfectly. “ - Dr. Tan Chong Koay
11. “Think long term when the market is, in your opinion, low.” – Dr. Tan Chong Koay
12. “Never fully invested at all times.” – Dr. Tan Chong Koay
13. “Unless you wish to experience bankruptcy, never over borrow to buy shares.” - Dr. Tan Chong Koay
14. “After careful share analysis, investors need patience to wait for the companies to prove themselves.” – Dr. Tan Chong Koay
15. “Winners are those who buy undervalued shares which eventually gain popularity.” – Dr. Tan Chong Koay
16. “Never hesitate to sell share when you think it is grossly overvalued.” - Dr. Tan Chong Koay
17. “Most investors feel happy when shares rise and feel depressed when they fall. You should feel the opposite.” – Dr. Tan Chong Koay
18. If you follow a proven philosophy, your chances of winning improve. – Dr. Tan Chong Koay
19. “Trying to buy share at the lowest price and sell at the highest is unrealistic.” – Dr. Tan Chong Koay
20. “Studying the cycles of industries well will help investors to profit from the fluctuations.” – Dr. Tan Chong Koay
21. “In a volatile environment, the investment philosophy of “Never Fully Invest At All Times” should perform better than “Fully Invest At All Times” in the long run.” – Dr. Tan Chong Koay
22. “Consider increasing your equity exposure when the market is near the lowest.” – Dr. Tan Chong Koay
23. “If you believe the equity market is efficient, you will never be a star.” – Dr. Tan Chong Koay
24. “Establishing a good long-term track record must be the goal of every fund manager.” – Dr. Tan Chong Koay
25. “Value is in the eyes of the beholder.” – Dr. Tan Chong Koay
26. “Value investing is one of the most widely practiced investment approach for centuries. The main reason being it is a relatively simple approach that can be executed with good chance of success.” – Dr. Tan Chong Koay
27. “A conservative equity investor should be cautious and not be fully invested when the market P/E and prospective P/E exceed 30, even though you have long term fund.” – Dr. Tan Chong Koay
28. “As a value investor, you should not buy a share just because it has dropped more than 80%. You will only buy because the share meets your investment criteria and it is undervalued.” – Dr. Tan Chong Koay
29. “Is it better to buy a blue chip that sell at overstretched price or an undervalued emerging company that meets your investment criteria? I prefer the latter.” – Dr. Tan Chong Koay
30. “History is important but it does not guarantee success.” – Dr. Tan Chong Koay
31. “You must buy or sell your shares if they are trading at ridiculous prices.” – Dr. Tan Chong Koay
32. “It is wrong to invest in share just because you have the money. It should be because the markets/ shares are attractive and undervalued.” – Dr. Tan Chong Koay
33. “My best advice is buy in bad times and hold for long term.” – Dr. Tan Chong Koay
34. “Unless you can stand to lose, you should not invest in the stock market. You must learn from losing money.” – Dr. Tan Chong Koay
35. “You can make many small mistakes but not big mistakes. Diversification is a solution.” – Dr. Tan Chong Koay
36. “Knowledge, experience and research allow one to mitigate and benefit from volatility.” – Dr. Tan Chong Koay
37. “The economy’s performance and market performance may not be the same. Many times, when the economic growth is near the peak, the market crashes.” – Dr. Tan Chong Koay
38. “Investors should buy and sell a share which everyone will eventually want to buy and sell, but ahead of everyone else.” – Dr. Tan Chong Koay
39. “Small to medium-size companies are not necessarily higher risks. Many of them are dark horses and can become big winners.” – Dr. Tan Chong Koay
40. “Do not buy when the market is too high and do not place too much value on future earnings which may never materialize. One who buys too high can only sell lower.” – Dr. Tan Chong Koay
41. “Company visits do not guarantee good returns. You need hard work, analysis, experience and wisdom.” – Dr. Tan Chong Koay
42. “When analyzing a company, it is important to single out the significant factors that can enable the business to grow with a competitive edge.” – Dr. Tan Chong Koay
43. “A contrarian near the peak or the bottom of a cycle benefits most.” – Dr. Tan Chong Koay
44. “You do not need to be a genius to succeed.” – Dr. Tan Chong Koay
45. “Selling a share at a loss is not tantamount to making a mistake. You may make more losses by holding on.” – Dr. Tan Chong Koay
46. “During the crisis period, buy a share that corrects sharply with low gearing, price earnings ratio and has earnings growth.” – Dr. Tan Chong Koay
47. “In normal circumstances, over-diversification will not give you a superior result.” – Dr. Tan Chong Koay
48. “Establishing an appropriate investment strategy is admittedly not easy but essential to good performance.” – Dr. Tan Chong Koay
49. “Pheim Asset Management Sdn Bhd has followed its own value-investing investment philosophy of “not fully invested at all times” since it started operation in January, 1994. It now has established a long term track record. The philosophy has worked for the past 20 years and will remain relevant for many more years to come.” – Dr. Tan Chong Koay
50. “It is satisfying to have founded Pheim Asset Management Sdn Bhd, Malaysia with the investment philosophy of “not fully invested at all times”. It has produced superior long-term performance and at the same time created jobs adding value to the society and the industry.” – Dr. Tan Chong Koay
51. “An investor who has the skills and wisdom to take advantage of the market’s peak and trough is a true value investor.” – Dr. Tan Chong Koay
52. “Most investors know how to buy but not how to sell. Falling in love with a stock near its peak is not wisdom. Failing to buy one that has corrected sharply but run by good management team in industries that can grow is considered a weakness.” – Dr. Tan Chong Koay
53. “It is not difficult to assemble a 5-man investment team comprising highly qualified professionals. It is much more difficult to build an investment team sharing a common investment philosophy and culture.” – Dr. Tan Chong Koay
54. “Reading the major trend right is critical for outperformance. It is more difficult than most realise.” – Dr. Tan Chong Koay
55. “Which investor gets rich by putting all his / her monies in savings accounts?” – Dr. Tan Chong Koay
56. “Fund management is like running a marathon. You need patience, perseverance and hard work.” – Dr. Tan Chong Koay
57. “A portfolio that deviates from the benchmark components will have a higher tracking error and very often rated as a high risk portfolio. Therefore, an investor who takes advantage of the market’s ups & downs and outperforms the benchmark index will have a higher tracking error; he cannot be rated as a high risk investor by reading the market right.” – Dr. Tan Chong Koay
58. “Do you prefer to buy a stock that has a comparatively low price to book ratio or a low prospective price earnings ratio? I prefer a stock that has both in addition to meeting Pheim’s investment criteria.” – Dr. Tan Chong Koay
59. “Learning in the fund management industry is never complete even if one has experienced both bull and bear markets.” – Dr. Tan Chong Koay
60. “It is difficult for a long only equity fund manager to consistently outperform if the holding period is less than one month. An investor needs patience to allow the strategy to work.” – Dr. Tan Chong Koay
Dr Tan Chong Koay
Founder and Chief Strategist
Pheim Asset Management Sdn Bhd
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