Wednesday, January 21, 2009

Bought PBBANK-01 at RM8.50

Just gotten this giant at RM8.50 for it dividend of 25% & shares dividend of 1:25....

15 comments:

Anonymous said...

Sold Genting at 3.72, realize marginal loss. Channel more fund to buy Pbbank-01 again

Bought more PBbank-01 a 8.45 to further avarge down holding cost.

This strategy quite similar to last 2 month, when i'm bought Resort. At that time i bought resort in the downtrend and staggering to average down holding cost and eventually realize handsome gain when resort start to gain momentum. I believe history will repeat itself for bluechip stock, adhere to strategy buy on weakness and sell on strength.

Anonymous said...

Expect BNM to announce rate cut at least 25pt. Bank industries may suffer margin squeenze. However, superior and dominance bank may still on right track to achieve positive loan growth and gain higher market share.

horse said...

will buy more of PBB-01 in fact if it fall further. likely to adopt your strategy.

Anonymous said...

Bought again PBbank-01 at 8.40. With this round of buying, PBbank has become highest percentage in my portfolio.

I've almost use up my exiting capital. If PBbank-01 keep falling, with little capital available, i may need to dispose some of my REITs to channel more resource average down holding cost on PBBank-01.

My REITs portfolio currently on paper gain and timely disposal will realize gain.

Anonymous said...

Horse, can you tell how you last time make conversion between PBbank local and foreign?

Zhulian just announce financial result : EPS= 5.54; Cumulative = 21.65sen.

However, Zhulian only declare 3sen TE dividend (cumulative 12 sen TE)! Below my expectation, below target payout of 60%. Current payout only 55% of its net profit, perhaps management wanna to conserve more cash in anticipate weakenning consumer sentiment. Nevertheless, total yield still almost 13% nett base on current share price

horse said...

I wait for local and 01 having a diff margin of > 15sen before i trigger the swap. Last round i sold all local for 8.25 and buy 01 at 8.05 within the same day. Must trigger the sell first before buy and ensure that you can buy & sell at the price with some profit margin. Any price more than 15sen diff should have some profit margin. Remember the buy & sell must be easily obtainable. If both local and 01 having big diff margin, then can swap anytime la...haha

Anonymous said...

Market rebound follow overnight US. market gain of nearly 3.5%. However, BNM annonuce above expectation of 75pt opr cut, may signify worsenning Malaysia enconomy and may bring adverse impact on Banking industries profit margin. Although BNM also reduce satutory reserve down from 3.5% to 2% to release more loanable fund to Banking, but the main purpose is for bank to reduce BLR and borrowing cost significantly and mitigate reduction rate in 12mth FD.

Nonetheless, most banking react mildly in today market and trading volume still shrinking. Many people still try to digest the magnitude impact of their earning

Anonymous said...

Sold Maybank at 5.25, realize marginal loss.

Sold small portion of Zhulian, UOAREITS and Hektar at 95sen, 99sen, and 81sen respectively. Raise more capital and prepare for any downturn.

Anonymous said...

Sold another portion of UOAREITs and Hektar at 99sen and 82 sen, respecively.

Anonymous said...

AxisREITs just declare final income of 7.87sen. Based on today closing price of 1.26, yield is 6.2%. In addition, starting from 2009, AxisREITs will adopt income distribution policy from semi-annually to quarterly payment, which mean beside these final income of 6.2%, investor can now look forward another 3.1% in just another 3 month (total yield in 3 month time: 6.2% + 3.1% = 9.3%), much more better than FD. For your information, Withholding tax have been reduce from 15% to 10%. Thus the net yield will be 8.4%

Anonymous said...

Bought back Zhulian at 93sen that sold earlier at 95sen. Zhulian have swing from gain 1 sen to loss 1 sen render me make intraday gain.

horse said...

wow, you tend to gain a lot from REIT trades. Will seriously look into this sector as well. Have been eyeing REIT for years and attempted to buy them before, just too solid to grab them during good time, now probably can park some of my money for longterm div gain...in my radar list AXREIT & HEKTAR.

Anonymous said...

If you want more information about Hektar, you can refer to research report by OSK and S&P under Bursa CBRS e-Research.
Latest result for AXREITS is avaiable in bursa listing.

Anonymous said...

Market quiet ahead of festive season. Likely no trading today. PBank slash 1-11 month FD to 2.5%, 12month FD down to just 3%, to preserve profit margin as BLR likely down from 6.5% to 5.75% starting from 1 Feb.

AxisREITs share response positively in accord to good set of result and higher income distribution. Keep REITs income as Ang pau.


I wish you Gong Xi Fatt Choi and happy investing

horse said...

thanks for the info hng, i wish you a blessed Chinese New Year and May your investment return abundantly.

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