TOP 10 STOCKS YOU MUST AVOID NOW IF YOU DON'T WANT TO STEP ON BANANA SKIN (Calvin Tan)




Dear Friends of i3 Forum,

There are 10 Stocks You MUST AVOID Now. Why Must They Be Avoided.
Answer: These Are The Reasons or Any One of These Reasons:
1) OVERVALUE
2) BAD BUSINESS PROSPECT
3) QUESTIONABLE ACCOUNTING
4) VERY HIGH CRUSHING DEBT LOAD.
5) DETERIORATING LONG TERM FUNDAMENTAL

AND NOW THE TOP 10 STOCKS TO AVOID:

1) HIBISCUS.
Bad Business Prospect. Hibiscus has not found any oil yet. Many who found Oil are doing badly. Hibiscus has not found even one drop of oil yet. So you cannot buy this stock with little hope.

2) HUBLINE
Debt more than Assets. Assets are rotting ship. 1 cent? It is still expensive if it should go to zero.

3) IFCA
50 cents? Still very overvalue. Don't risk your monies. If Fall C (hokkien for die) Arghh!

4) XOX
Telcos like Redtone are throwing price at Rm8 for a starter pack. The Whole telcos market are saturated. There is no moat. So how could XOX survive?

5) AAX
With Rm130 BILLIONS CRUSHING DEBT LOAD. How much depreciation per year? 5% or 3%. That's Rm3 BILLIONS to Rm5 BILLIONS Write Down A Year!!
3% to 5% Depreciation for Planes Very Conservative. For Cars they depreciate more than 5% per year once they leave the Car showroom. Just THINK.

6) PCCS
Last quarter result shows a horrendous Rm15 millions lost!! Loss due to 10% increase of wages in Cambodia? Monthly wage is US$128. So only a US$12 increase or Less than Rm50 per worker? How can a mere Rm50 wage increase per worker in Cambodia cause Rm15 millions lost?
Something Very Very Fishy Here!
Why no one noticed?

7) EFORCE
This manipulated, syndicated stock now in stratosphere. A tiny profit. Even tinier NTA. How to support & justify such lofty prices?
Better Sell All Your EFORCE Shares Now Near Rm1.70 if you have any.
Or else?
Or esle Your Shares Will Be EASILY FORCE SOLD LATER!!

BELOW IS LATEST QUARTER EFORCE RESULT.  At Rm1.70 the Price is now TOTALLY OVERVALUED! BETTER SELL QUICKLY AND DONT LOOK BACK UNTIL IT BREAKS RM1.00

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2016

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2016
31 Mar 2015
31 Mar 2016
31 Mar 2015
$$'000
$$'000
$$'000
$$'000
1 Revenue
6,221
6,798
6,221
6,798
2 Profit/(loss) before tax
2,218
2,841
2,218
2,841
3 Profit/(loss) for the period
1,605
2,116
1,605
2,116
4 Profit/(loss) attributable to ordinary equity holders of the parent
1,741
2,178
1,741
2,178
5 Basic earnings/(loss) per share (Subunit)
0.84
1.05
0.84
1.05
6 Proposed/Declared dividend per share (Subunit)
1.00
1.00
1.00
1.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
0.2100
0.2100
 

8) GSB
Aiyoo.  Calvin promoted this one. Calvin anxiously wait for G Residence to be built as planned. Really sorry now. There's still no proper work started as yet. Condo sales got hit.
Calvin already said Iskandar got Condo glut but not landed houses. Landed houses are still good buy in Iskandar. Hold or switch? Yes! Switch to Oil Palm Stocks for better prospect now.

9) PARKSON
With Online E Commerce Parkson is facing a long term structural downturn. Like the advent of motor cars made horse drawn carraiges obsolete. So don't fight the change. It's futile & fruitless. Just Sell Parkson for stocks with better prospects.
Company share buy backs? Forget it. Don't throw good money after the bad investent.

10) Number 10? Not sure yet. Will post when I see it coming

Meanwhile, please do your own due diligence

Regards,
Calvin
Singapore

 http://klse.i3investor.com/blogs/www.eaglevisioninvest.com/97758.jsp