I make contra only on certain big cap stocks which i familiar with its pattern. That is reason why i don't intend to hold big cap stocks and realize only slim profit margin on daytrade.
Sold off Amfirst at 83.5sen, value alrdy fully reflected compared with others REITS.
Of course i got trap sometime (e.g. YNH prop), and have to cut loss immediately. For daytrade stock, everytime i set margin of safety, if the stock fail to perform, i will cut loss before T+3.
Frank speaking, through daytrade strategy, the return is better than my core portfolio (still on paper loss; Daiman, Ptaras, Hektar, Atrium). However, core portfolio ensure stream of income via dividend, and really for longterm exposure in stock market
I have yet to hold any reit stocks, very tempting to purchase Hektar for div. Most of my longterm portfolio are bearing fruit (PBB, Maybulk, Guinness, Bjtoto & Panamy) except for (carlsberg, Zhulian & Lonbisc)
Sold Naim at 2.17 for small gain and some PJ development. Bought Hektar at 87-88sen. The selloff believe to be Hektar foreign shareholder: AIG (0.8%); Goldman Sach (0.91%). These shareholder are tempted to liquidate holding for their own financial problem.
Among REITs, Hektar remain my top pick. It has highest yield (13%), lowest PE (7.5X) and has relatively more sustaintable than others. Retail industry particularly neigbourhood/mature in subcity township should remain resilient compared with A-class office tower ; upper shop mall; Hotel;Industrial/warehouse/leasehold.
Another plus point invest in REITs is reduction in withholding tax from 15% to 10%. Thus, the absolute return is higher than gross dividend. With global economy slowing down, bank negara is likely cut interest to stir up GDP. It will further increase spread between FD and yield from REITs. In additon, reduce borrowing cost also let REITs with high gearing save interest expense.
Current global credit crunch also delay any potential for REITs to place out any new unit to raise capital for new aquistion. This may reduce any risk from aquire property with premium and prevent earning dilution
Amway declare 9sen + sp 20sen dividend, Q3 EPS=18.4sen. Amway share outperform CI significantly and price hold relatively unchange since 2004. Will keep eye on impact of strengthen US dollar against ringgit. Most of amway product import from US and future earning may affected if fail to increase product selling price to maintain profit margin.
Bought HLbank at 5.10, sold some amway at 6.90 for its strength, will like to sell more if price at 7.00, to channel more capital to REITs
Bank have different fate with maybank in downtrend earning, while AMMB and HLbank manage to capture higher market share. TM loss due to forex and doubtful provision! Next yr earning may even worse as US dollar keep strengthen and full yr impact of maybank oversea venture. Crude down below US60, planter subject to higher risk of de-rating
TM forex loss similar to TNB, and the share of TM response could be knee-jerk effect, slumping more than 15%. Just for trading buy, not intend to hold more than T+3, perhaps will dispose if share rebounded to take quick profit intraday.
18 comments:
Contra on HLbank and Pelikan. Market slow but active in second liner stocks.
everyday mostly you got yourself with contra gain. never at one you got trap? good one mate.
I make contra only on certain big cap stocks which i familiar with its pattern. That is reason why i don't intend to hold big cap stocks and realize only slim profit margin on daytrade.
Sold off Amfirst at 83.5sen, value alrdy fully reflected compared with others REITS.
Bought Naim Cendera at 2.15, intend to sold for contra.
Of course i got trap sometime (e.g. YNH prop), and have to cut loss immediately. For daytrade stock, everytime i set margin of safety, if the stock fail to perform, i will cut loss before T+3.
Frank speaking, through daytrade strategy, the return is better than my core portfolio (still on paper loss; Daiman, Ptaras, Hektar, Atrium). However, core portfolio ensure stream of income via dividend, and really for longterm exposure in stock market
I have yet to hold any reit stocks, very tempting to purchase Hektar for div. Most of my longterm portfolio are bearing fruit (PBB, Maybulk, Guinness, Bjtoto & Panamy) except for (carlsberg, Zhulian & Lonbisc)
Sold Naim at 2.17 for small gain and some PJ development. Bought Hektar at 87-88sen. The selloff believe to be Hektar foreign shareholder: AIG (0.8%); Goldman Sach (0.91%). These shareholder are tempted to liquidate holding for their own financial problem.
Among REITs, Hektar remain my top pick. It has highest yield (13%), lowest PE (7.5X) and has relatively more sustaintable than others. Retail industry particularly neigbourhood/mature in subcity township should remain resilient compared with A-class office tower ; upper shop mall; Hotel;Industrial/warehouse/leasehold.
Another plus point invest in REITs is reduction in withholding tax from 15% to 10%. Thus, the absolute return is higher than gross dividend. With global economy slowing down, bank negara is likely cut interest to stir up GDP. It will further increase spread between FD and yield from REITs. In additon, reduce borrowing cost also let REITs with high gearing save interest expense.
Current global credit crunch also delay any potential for REITs to place out any new unit to raise capital for new aquistion. This may reduce any risk from aquire property with premium and prevent earning dilution
Amway declare 9sen + sp 20sen dividend, Q3 EPS=18.4sen. Amway share outperform CI significantly and price hold relatively unchange since 2004. Will keep eye on impact of strengthen US dollar against ringgit. Most of amway product import from US and future earning may affected if fail to increase product selling price to maintain profit margin.
Bought HLbank at 5.10, sold some amway at 6.90 for its strength, will like to sell more if price at 7.00, to channel more capital to REITs
Bank have different fate with maybank in downtrend earning, while AMMB and HLbank manage to capture higher market share. TM loss due to forex and doubtful provision! Next yr earning may even worse as US dollar keep strengthen and full yr impact of maybank oversea venture. Crude down below US60, planter subject to higher risk of de-rating
Bought more hektar at 87sen
Huaan Q3 EPS=1.04 drop about 70% comparing previous Q3. The coming Q4 would expect a drop as well.
wats ur take on huaan? hold? buy more? cut loss?
toto
Bought TM at 2.76-2.80, share down overdone, will take step to make contra later
Will hold on my existing Huaan shares, at this moment not buying more. Just wait and see.
Hng, good choice on TM. TM Q3 profit in -ve zone..
TM forex loss similar to TNB, and the share of TM response could be knee-jerk effect, slumping more than 15%. Just for trading buy, not intend to hold more than T+3, perhaps will dispose if share rebounded to take quick profit intraday.
Unable to make contra today, wait for tomorrow.
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