Just sold my Tenaga for RM6.55 for some contra gain. Unlikely that Tenage will lower down thier electricity tariff rate which many have hope for, in view that the price of coal — which makes up 60% of TNB’s power generation fuel costs and the weakening ringgit will result higher cost for coal and operation. TNB posted a net loss of RM282.9mil in the fourth quarter ended Aug 31 compared with a net profit of RM168.4mil in the previous corresponding period. For FY09, it is expected that the growth in electricity demand to slow down for TNB. It also expected higher capacity and energy payments to IPPs.
Bye and happy trading, may the best price be yours.
32 comments:
The volatility of TNB profit is expected, as ringgit seem keep depreciating and commencment of Jimah power plant has blow up TNB reserve to record 48%, What a waste! Our gov seem dunno, and plan to build up some more hydroplant and undersea cable transfer form east to west!!.
Bought back HLbank again at 5.15-5.20. Sold off yesterday zhulian for some contra gain.
i start to admire your trading strategy. you are absolutely deserved to be fulltime daytrader. a small move of share is enough to make the killing. well done mate. Too bad, i just don't have the luxury of time or else would like to follow your footstep...hahaha
Just sold off HLbank at 5.25, market volatile, try to be contra play to boost return. Bought Uchitech at 98-99sen; atrium at 71sen
well done friend. My favorite quote "May the best price be yours".
Thanks horse, to be full time investor sometime too bore as friend around not really understand what am i doing. It seem stranger to them not having job and work at home!. Is good can communicate through blog and share with like-minded people.
it is like that, i have a friend who is fulltime currency trader. He get strange comments from neighbour asking his wife, "why ain't your husband working?, "how come just stay at home doing nothing?", "Why lock himself in the house?" ppl surrounding wondering what do they do to earn thier living..What they don;t understand is that, my friend earning big money through currency trade, his is driving BMW and drawing out almost 20K a month from the winning money from oversea. His is now setting up an investment firm getting investors to help trade on behalf and earning commission from it. Can;t get hold of him anymore, since he is extremely busy.
you are in his shoe now...hahaha
Come MOnday should be interesting. I expect KLCI to drift further, there are more downside to come. Should be able to shop some stocks Monday. Eyeing all big cap like BURSA, TNB, GENTING, RESORT, TANJONG....
It certainly my future pathway to set up stock investment firm after acquire sufficient expericence.
not that simple of setting one. Lots of legal issue here, do u know that it is illegal getting money from ppl and help trade on behalf ? In Malaysia it is illegal to own an investment firm, other than Commercial Bank...
I prefer trade with my own money, pressure is bearable. Dealing with others ppl's money, it is extremely pressured and nervous...
Bought sime at 6.05; ynh property at 1.27
sime & YNH are both giving dividend. I noticed you only buy counters with div, what's the reason?
Currently, sime trading with cum dividend of 44sen, while ynh trading with cum share species of 1 for 30. The reason is simple, buy on their weakness with potential rebound (swing trading) for contra/daytrade. In addition, EPF and ASB are net buyer of sime, while share buyback and Yu family are net buyer for ynh property, which can minimise downside risk and protect capital.
cum dividend of 44sen!!! that represent almost 7%...wow..will keep in my radar list...
sold sime at 6.20, buy more ynh at 1.25
bought HLbank at 5.20, sold off uchitech and ynh for some margin gain.
Just sold HLbank at 5.30, buy back ynh at 1.23
hng, really admire that...
Market volatile, have to take whatever profit as fast as possible, i dunno what will happen next day!. Stay current as thing change fast. Atrium had just annonce Q3 result, EPS=2.2; income declare: 2.1sen (atrium declare income every quarter), will try to take profit once it resume trading in afternoon session.
yeah, it should be the right way at this type of market, any profit should be realised first.
The RM5bn impact - To put things into perspective, the extra RM5bn fund represents less than 1% of the overall market capitalisation. The objective has not been clearly spelled out except for investing in undervalues companies. Given its small size, it is hard to imagine that the funds will be used to shore up the market.
Sold off atrium for small contra gain.
The RM 5bn obviously have impact on GLC share performance. Our market can hold at >900ptn largely due to sime. Compare to last year before M&A, Sime actually trading higher at the moment. This is in addition to premium paid to acquire GHope; Gutherie Ropel; Kumpulan Gutherie; H&L etc. A lot of small-medium cap already battled down even as low as 10yr ago. Thus, value cap just need to buy so call GLC (sime; Maybank, commerce, MISC etc) as their major shareholder are ASB, Tabung Haji....Protect bumi equity interest !
even for small gain, lama-lama jadi bukit.. haha, laughing all the way to bank huh....
hng, any trading idea today ??
Bought ynh at 1.12. Very value buy as it have substantial lock-in sale of 1.2bil(4 x revenue of 07), bright earning visibility compare to other property counter
While target to sell ynh later at higher price for intra-day gains, i will keep some for medium term. YNH have dividend policy of at least 30% net profit, based on est 08; EPS= 28 sen; gross dividend should be 110; yield=10%. This earning should be sustaintable as ynh gradually realized progress profit until 2012. Thus, current downtrend in property sector have minimum effect on YNH. Nonetheless, ynh share has tumble by current trend and downgraded by so-call fund manager into PE<5x for property sectors!!
ynh, sime, hlbank, yilai, zhulian not bad at all on your picked. keep a watchfull eye on it.
Sold half of ynh at 1.17-1.18, will try to realize another half at higher price in afternoon session.
Last week attended investor expo in KL convention centre. This time very different, as no more oversea fund (Vitname, China etc), commondity (crude oil, metal, palmoil etc), but came up with wine, forex, option, raw land etc) and the no of sponsor and exhibitor much lesser than last year. The only impressive talk was by Conrad Alvin Lim (co-author of Secretes of millionaire investor) from Adam Khoo learning Technologies group. He gave a view on how to be successful investor is understand the fundamental enconomy and apply the theory into practical by trading and keep practise to stay current. This is incontrast with other speaker which gave buy and hold strategy; the idea of warrant buffet.
is this a free expo organise yearly ? let me know if there is any coming around.
I have not been executing any trade as yet, still patiently waiting to my buying tp. i move 1 step vs that you have done several steps ahead of me. really admiring your trading strategy, a typical daytrader..
Sold another half of ynh at 1.15-1.16 to complete intra-day, as market dip further. Wait for ynh at 1.10-1.12 again.
Yes is FOC and organized yearly basis. Previously held at MidVally convestion centre, but now change its venue to KL convestion centra.
Bought keladi at 0.10. Keladi is kedah based property developer, what more interesting is it trading at 10yr low level, est EPS 08: 2.2sen; PE=4.5x, NTA: 22sen; dividend yield>15%; cash= 6.2sen/share or 62% of current share price is cash).
Also bought Daiman development at 1.43 cum dividend 15 sen; yield=10%; NTA: 4.34; Ptaras at 1.20 cum dividend 12 sen;yield=10%; NTA: 2.2 Again both counter are cash-rich stock with 20sen/share and 95sen/share ,respectively
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