PPHB (8273) - Still on PPHB 大众包装: 3 series
Investment is most intelligent when it is businesslike
~Warren Buffett~
A stock is best treated as a proportional ownership of the business.
I attended the AGM of Public Packages Holdings Bhd (KLSE: PPHB) on 30 May 2017 with the ultimate purpose to learn more about the company that I partially owned.
To my surprise, Executive Director - Mr Koay CK (far right in the picture below) and Corporate Manager - Ms Chiang PS generously offered their time (more than 2 hours) to help me understand our company better.
The macro understanding was further reinforced by micro aspects that shared by a few PPHB's employees. They comprehended and were truly proud of their products and services vis-a-vis being part of our company.
This reminds me of the much-cited anecdote of a young Buffett visiting GEICO's headquarters on a Saturday morning and learned the strength of its business model through an investment officer named Lorimer Davidson, who later became CEO. Buffett eventually owned GEICO.
It is my objective to share (1) important notes on PPHB's business model and operation with the ultimate aim (2) linking them with reported financial information (3) for extrapolating future the company's financial performance.
Unfortunately, I will have to elaborate them in 3 separate letters given that each of them is important and comprehensive.
Well, this is a teaser... stay tuned!
PPHB (8273) - Still on PPHB 大众包装: 3 series
http://valueveins.blogspot.my/2017/06/still-on-pphb-3-series-to-help-you.html
