A Quick Look At iCapital's Quarterly Earnings

Everyone knows I am not a fan of iCapital.Biz. However, since it's earnings season and since iCapital.Biz announced its earnings, I decided to take a look since I was rather more interested to look at that iCapital.Biz would say in its earnings notes than anything else.

You may ask why.

The answer is rather simplistic.

The business economics of this stock is simple. It's a closed end fund is managed by Tan Teng Boo and the company acts as a Fund Manager and also Investment Adviser. ( ahem! The dual role issue questioned previously!). And since the company had declared itself to be a VALUE INVESTOR, I was hoping to read what it has to say about the market.

But I was so disappointed.

Here is the snapshot of the earnings notes.

The company said...

• Although the stock market remains depressed, as a value investor, iCapital.Biz Berhad with its Fund Manager and Investment Adviser will continue to seek stocks that are attractively priced.

Err.. surely that's rather lacking.

If I am an investor of this fund, surely the Fund Manager of this company should be more transparent in its earnings notes. To tell the reader that the company will continue to seek stocks that are attractively priced is not sufficient. It is so lacking. Surely, it owes to the shareholders of the fund, a much better market view and commentary. Just to say that the stock market is depressed is not up to standard. That's my blunt opinion.

And sad to say, why isn't the company disclosing what stocks and what investments it is currently holding? Don't the shareholders or potential shareholders have the right to know?