source: [《千年虫》投资网站 @ Y2K Investment Blog]
基本投机篇：YFG
平时除了投资在基本好的股，偶尔也会投机在基本不超烂和看到有一点甜头的股。只要那些甜头能带来比较大的胜算，我还是会买入少许治手痒。这样的股，基本就一眼带过。重点都是做甜头的调查。
YFG的前名为PJI。主要做建筑和房地产的生意。
甜头如下：
1. 手中拥有超过5亿的工程。去年整年的营利才1.35亿。公司也正在投标着7亿多的工程。
2. 咸鱼翻身的效应。
3. 技术面。
风险如下：
1. 公司的现金低，工程收不到钱分分钟会导致公司黄飞鸿收档。
2. 有些工程大，限期又短。不能准时交工，随时中罚钱。
3. 没股息，股价变死水一般，到头来什么都得不到反而错失投资其它好股的机会。
投资在好基本的股，风险都不能避免。所以，投机在基本不稳的股，风险就变得更大。还是老土的再说一句，买卖自负！
Aside from invest in good fundamental stock, I do buy stock for speculation purpose. But it must come with reasonable requirements and the stock must not to be a company with very bad result. For this kind of speculation with FA, just take a brief look on fundamental figure will do. Focus is more on some key-point which is able bring up the share price.
YFG, known as PJI in the past, is mainly doing construction and property business.
Below are the key-points to speculate:
1. On hand contract with more than RM500mil. Last fiscal year's revenue is only RM135mil. Company is still actively tendering for more jobs worth about RM700mil.
2. The effect of salt fish revival.
3. Technical chart looks good.
Below are the risks:
1. Cash level is very low. If receivable unable turn into cash during or after project completion, company may face bankruptcy.
2. Certain on hand contracts come with big value and short completion time-frame. If job fail to meet the timeline, company may be penalised for late delivery.
3. No dividend. If the share price remain flat for long time, you may get nothing and also miss out opportunity to invest in other good stocks.
We have to face risk even invest in strong fundamental stock. Thus, the risk will be greater for speculation. Buy at your own risk!
YFG的前名为PJI。主要做建筑和房地产的生意。
甜头如下：
1. 手中拥有超过5亿的工程。去年整年的营利才1.35亿。公司也正在投标着7亿多的工程。
2. 咸鱼翻身的效应。
3. 技术面。
风险如下：
1. 公司的现金低，工程收不到钱分分钟会导致公司黄飞鸿收档。
2. 有些工程大，限期又短。不能准时交工，随时中罚钱。
3. 没股息，股价变死水一般，到头来什么都得不到反而错失投资其它好股的机会。
投资在好基本的股，风险都不能避免。所以，投机在基本不稳的股，风险就变得更大。还是老土的再说一句，买卖自负！
Aside from invest in good fundamental stock, I do buy stock for speculation purpose. But it must come with reasonable requirements and the stock must not to be a company with very bad result. For this kind of speculation with FA, just take a brief look on fundamental figure will do. Focus is more on some key-point which is able bring up the share price.
YFG, known as PJI in the past, is mainly doing construction and property business.
Below are the key-points to speculate:
1. On hand contract with more than RM500mil. Last fiscal year's revenue is only RM135mil. Company is still actively tendering for more jobs worth about RM700mil.
2. The effect of salt fish revival.
3. Technical chart looks good.
Below are the risks:
1. Cash level is very low. If receivable unable turn into cash during or after project completion, company may face bankruptcy.
2. Certain on hand contracts come with big value and short completion time-frame. If job fail to meet the timeline, company may be penalised for late delivery.
3. No dividend. If the share price remain flat for long time, you may get nothing and also miss out opportunity to invest in other good stocks.
We have to face risk even invest in strong fundamental stock. Thus, the risk will be greater for speculation. Buy at your own risk!
YFG to build affordable homes (9-Sep-13)
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