Value Investors: More Passion in Study, but Less Transaction and Prediction

After being a value investor, my life and thought change significantly. I realise that the difference between market value and intrinsic value. I also become very enthusiatic in studying and analyse the intrinsic value investment, and understand a particular company based on most reliable first hand information, that are, annual reports and quarterly reports. Abundance of useful information such as how a particular company operates, future prospects and business strategies, are available for us to read. The most importance is they are total free-of-charge. However, when I share my passion with my friends, most of them response that we cannot trust the information from annual reports due to some scam cases. But I still maintain my passion because it is not a very convincing reason for me to be lazy and invest based on news, other people's opinions or even secret tips.

M-MODE BERHAD (MMODE, 0059) - Quarter Review Q4 2011 : Suspicious Profits? Red Flag? Mistakes?

Income Statement:
EPS: 1.16sen
Total 4 quarters: 7.77sen
NoteL Provision for and write off receivables and inventories increased.
Gross profit margin decreased.

Balance Sheet:
Cash amount increased
Term loan (noncurrent and current) increased marginally.
Net Tangible Asset: 24.53sen

KEN HOLDINGS BHD (KEN, 7323) - Q4 2011 Quarter Report Review: Growth momentum is expected to continue?

From KEN HOLDINGS BHD (KEN, 7323) - Q4 2011 report: 

Income Statement:
Lower Revenue, but better profit margin.
EPS = 7.76sen
Total 4 quarters EPS = 25.53sen

Balance Sheet:
Cash amount: RM62,149,000
Cash per share: RM62,149,000/(95,860,000) = 64.83sen per share (Including Treasury shares and it is approximately only)
Zero borrowing.
Net assets per share = RM1.61

OPCOM (0035) Q3 2012: Quarterly Review - Slower Cables Take Up But More Supply of Materials for Cables Manufacturing

Income Statement:
Revenue dropped slightly.
Variable cost increased slightly.
Q3 2011 EPS: 3.42 sen
Total Three quarter: 10.59sen

Balance Sheet:
Inventories and Receivable maintains as previous level.
Cash amount reduced due to special dividend.
Borrowing Status: Zero Borrowing

Cash flow statement:
Maintain a very low CAPEX
Paid back some payable.