lgcsdv said...
Master Hng, What is the minimum capital to follow your system?TQ & Rgds
October 8, 2009 10:28:00 PM PDT
hng said...
IgcsdvPlease don't call anyone master, as we are all at learing stage...I'm not here to sell my strategy or tips, but just like to share with everyone on investment.First of all, one need to have capital disregard any amount 10k, 20k , 100k or 1 milion. I myself start as parttime with intial 10k, 10year ago. Achieve first milestone, reap first profit 100k in 2yr time, but almost all wealth (nearly 500k) get loss after take excessive risk invested in warrant in 6th year (went expire), take rest, and seek job in Sinagpore, recoup capital....restart as fulltime trader/investor in last 2yr, with intital capital 100k until now...
October 9, 2009 12:05:00 AM PDT
hng said...
Unable to make intraday on GENM and TA :(Sold little Ptaras jaya at 1.43-1.44 and round up stake to 20%.Core portfolio OIB 50% Pintaras Jaya 20%Cheetah: 10.3%Trading portfolioGENM 60% (average cost: 2.724)TA 50% (average cost: 1.375)
October 9, 2009 2:10:00 AM PDT
horse said...
hng,have a good weeked and good next week as well.
October 9, 2009 2:34:00 AM PDT
horse said...
just gotten my dividend from Carlsberg & ioicorp :)
October 9, 2009 7:41:00 PM PDT
hng said...
This morning, sold off all T+1, GENM (at cost 2.724) at 2.75, realize more than a k profit. Sold also T+2, TA (at cost 1.37) at 1.38; realize marginal profit. Portfolio still have T+1, TA at cost 1.38
October 11, 2009 7:42:00 PM PDT
hng said...
Bought back some GENM at 2.73, and all TA at 1.37...
October 11, 2009 8:17:00 PM PDT
hng said...
Sold off all GENM at 2.75 again; sold TA at 1.37; bought back again TA at 1.36; and sell back at 1.37...
October 12, 2009 1:02:00 AM PDT
horse said...
like machine gun, pulling the triger so fast... :)
October 12, 2009 1:33:00 AM PDT
hng said...
Ha! this is so-call day trading, must act fast and sometime, buyer and seller are same person! just make different of 1sen, one can make few hundred to thousand intraday profit :) Core portfolio OIB 50% Pintaras Jaya 20%Cheetah: 10.3%Trading portfolioTA 30% ( T+2, cost: 1.37)TA 20% (T+1, cost: 1.38)TA 20% (today, cost: 1.36)
October 12, 2009 2:04:00 AM PDT
lgcsdv said...
Hng,No wonder you are doing so well day trading n investing. U r sharing your positions so generously, unlike SAMGOSS. I only have 10k for investment/trading. I opted for forex. I feel that I need at least 200k to follow your trading system. Thanks again for sharing tour trade positions.
October 12, 2009 2:13:00 AM PDT
hng said...
IgcsdvIf your capital is small, eg. 10k, you should'nt do day trading, but instead should concentrate on fundamental analysis: select stock with dividend and undemanding valuation. Taking profit once catalyst emerge and continue select other value stock. Compound your profit and keep practise until you are confident and accumulate enough capital. This process may take few year and along the way you learn from experience. Wih sufficent experience and capital, then you can learn some technical analysis, start baby step on daytrading and take full force on daytrading only if you're fulltime..
October 12, 2009 2:28:00 AM PDT
hng said...
IgcsdvIn fact, I'm only start daytrading just few month ago, and most of the time use margin line for quick profit. I'm still buy and hold on core stock using my own capital (Core portfolio) and make full use of margin line to create another source of income throungh daytrading (Trading portfolio). I intend to further speed up wealth accumulation to capitalize on current bullish sentiment.
October 12, 2009 2:37:00 AM PDT
lofan said...
hng,the more u give good advices,the more return u will get.keep it up,bro.keep an eye to tgoff.
October 12, 2009 2:44:00 AM PDT
horse said...
IgcsdvHow you doing on Forex so far ?Can long EUR/USD, i capture 200pips last week for this pair but on a very insignificant amt. haha. good enough for some free toy.I still think that FOrex is not my cup of tea, just merely play for fun at night.
October 12, 2009 2:45:00 AM PDT
horse said...
lofan,i'm too eyeing on tgoff. I think i might go in tmr if it dip below 1.10. :) Good call from you there.
October 12, 2009 2:47:00 AM PDT
hng said...
This morning, bought another 30% TA at 1.37 (margin line hit maximum level)...
October 12, 2009 8:13:00 PM PDT
hng said...
Sold today 30% TA at 1.38, realize few hundred intraday profit first :)Core portfolio OIB 50% Pintaras Jaya 20%Cheetah: 10.3%Trading portfolioTA 30% ( T+3, cost: 1.37)TA 20% (T+2, cost: 1.38)TA 20% (T+1, cost: 1.36)
October 12, 2009 9:30:00 PM PDT
horse said...
hng,congrat. make money again. :)I'm just watching doing nothing for now.Genting SP still trading at 1.14, transferring money to my trust account, ready to strike again if it ever go below 1.05.
October 12, 2009 11:06:00 PM PDT
hng said...
Ha! just sold off T+3 (cost at 1.37) at 1.39, realize few k, T+3 profit :D)Core portfolio OIB 50% Pintaras Jaya 20%Cheetah: 10.3%Trading portfolioTA 20% (T+2, cost: 1.38)TA 20% (T+1, cost: 1.36)
October 12, 2009 11:37:00 PM PDT
horse said...
wow, touches 1.40 now...Laughing all d way to bank...Can unload all already.. :)
October 12, 2009 11:53:00 PM PDT
hng said...
Yes! sold off T+2 (cost 1.38); realize more than a k profit. :D) Core portfolio OIB 50% Pintaras Jaya 20%Cheetah: 10.3%Trading portfolioTA 20% (T+1, cost: 1.36)
October 12, 2009 11:59:00 PM PDT
hng said...
Wow lah!!!!Sold off last portion of TA (cost 1.36) at 1.42; realize more than 10k, T+1 profit ....:) ... :D):
October 13, 2009 12:06:00 AM PDT
hng said...
Look like TA continue surging.Ha, i've enough, realize contra gain of more than 15k altogether. Afford to take rest now.. Core portfolio OIB 50% Pintaras Jaya 20%Cheetah: 10.3%
October 13, 2009 12:17:00 AM PDT
horse said...
CONGRAT !!!hohoho...early merry christmas again. :)
Master Hng, What is the minimum capital to follow your system?TQ & Rgds
October 8, 2009 10:28:00 PM PDT
hng said...
IgcsdvPlease don't call anyone master, as we are all at learing stage...I'm not here to sell my strategy or tips, but just like to share with everyone on investment.First of all, one need to have capital disregard any amount 10k, 20k , 100k or 1 milion. I myself start as parttime with intial 10k, 10year ago. Achieve first milestone, reap first profit 100k in 2yr time, but almost all wealth (nearly 500k) get loss after take excessive risk invested in warrant in 6th year (went expire), take rest, and seek job in Sinagpore, recoup capital....restart as fulltime trader/investor in last 2yr, with intital capital 100k until now...
October 9, 2009 12:05:00 AM PDT
hng said...
Unable to make intraday on GENM and TA :(Sold little Ptaras jaya at 1.43-1.44 and round up stake to 20%.Core portfolio OIB 50% Pintaras Jaya 20%Cheetah: 10.3%Trading portfolioGENM 60% (average cost: 2.724)TA 50% (average cost: 1.375)
October 9, 2009 2:10:00 AM PDT
horse said...
hng,have a good weeked and good next week as well.
October 9, 2009 2:34:00 AM PDT
horse said...
just gotten my dividend from Carlsberg & ioicorp :)
October 9, 2009 7:41:00 PM PDT
hng said...
This morning, sold off all T+1, GENM (at cost 2.724) at 2.75, realize more than a k profit. Sold also T+2, TA (at cost 1.37) at 1.38; realize marginal profit. Portfolio still have T+1, TA at cost 1.38
October 11, 2009 7:42:00 PM PDT
hng said...
Bought back some GENM at 2.73, and all TA at 1.37...
October 11, 2009 8:17:00 PM PDT
hng said...
Sold off all GENM at 2.75 again; sold TA at 1.37; bought back again TA at 1.36; and sell back at 1.37...
October 12, 2009 1:02:00 AM PDT
horse said...
like machine gun, pulling the triger so fast... :)
October 12, 2009 1:33:00 AM PDT
hng said...
Ha! this is so-call day trading, must act fast and sometime, buyer and seller are same person! just make different of 1sen, one can make few hundred to thousand intraday profit :) Core portfolio OIB 50% Pintaras Jaya 20%Cheetah: 10.3%Trading portfolioTA 30% ( T+2, cost: 1.37)TA 20% (T+1, cost: 1.38)TA 20% (today, cost: 1.36)
October 12, 2009 2:04:00 AM PDT
lgcsdv said...
Hng,No wonder you are doing so well day trading n investing. U r sharing your positions so generously, unlike SAMGOSS. I only have 10k for investment/trading. I opted for forex. I feel that I need at least 200k to follow your trading system. Thanks again for sharing tour trade positions.
October 12, 2009 2:13:00 AM PDT
hng said...
IgcsdvIf your capital is small, eg. 10k, you should'nt do day trading, but instead should concentrate on fundamental analysis: select stock with dividend and undemanding valuation. Taking profit once catalyst emerge and continue select other value stock. Compound your profit and keep practise until you are confident and accumulate enough capital. This process may take few year and along the way you learn from experience. Wih sufficent experience and capital, then you can learn some technical analysis, start baby step on daytrading and take full force on daytrading only if you're fulltime..
October 12, 2009 2:28:00 AM PDT
hng said...
IgcsdvIn fact, I'm only start daytrading just few month ago, and most of the time use margin line for quick profit. I'm still buy and hold on core stock using my own capital (Core portfolio) and make full use of margin line to create another source of income throungh daytrading (Trading portfolio). I intend to further speed up wealth accumulation to capitalize on current bullish sentiment.
October 12, 2009 2:37:00 AM PDT
lofan said...
hng,the more u give good advices,the more return u will get.keep it up,bro.keep an eye to tgoff.
October 12, 2009 2:44:00 AM PDT
horse said...
IgcsdvHow you doing on Forex so far ?Can long EUR/USD, i capture 200pips last week for this pair but on a very insignificant amt. haha. good enough for some free toy.I still think that FOrex is not my cup of tea, just merely play for fun at night.
October 12, 2009 2:45:00 AM PDT
horse said...
lofan,i'm too eyeing on tgoff. I think i might go in tmr if it dip below 1.10. :) Good call from you there.
October 12, 2009 2:47:00 AM PDT
hng said...
This morning, bought another 30% TA at 1.37 (margin line hit maximum level)...
October 12, 2009 8:13:00 PM PDT
hng said...
Sold today 30% TA at 1.38, realize few hundred intraday profit first :)Core portfolio OIB 50% Pintaras Jaya 20%Cheetah: 10.3%Trading portfolioTA 30% ( T+3, cost: 1.37)TA 20% (T+2, cost: 1.38)TA 20% (T+1, cost: 1.36)
October 12, 2009 9:30:00 PM PDT
horse said...
hng,congrat. make money again. :)I'm just watching doing nothing for now.Genting SP still trading at 1.14, transferring money to my trust account, ready to strike again if it ever go below 1.05.
October 12, 2009 11:06:00 PM PDT
hng said...
Ha! just sold off T+3 (cost at 1.37) at 1.39, realize few k, T+3 profit :D)Core portfolio OIB 50% Pintaras Jaya 20%Cheetah: 10.3%Trading portfolioTA 20% (T+2, cost: 1.38)TA 20% (T+1, cost: 1.36)
October 12, 2009 11:37:00 PM PDT
horse said...
wow, touches 1.40 now...Laughing all d way to bank...Can unload all already.. :)
October 12, 2009 11:53:00 PM PDT
hng said...
Yes! sold off T+2 (cost 1.38); realize more than a k profit. :D) Core portfolio OIB 50% Pintaras Jaya 20%Cheetah: 10.3%Trading portfolioTA 20% (T+1, cost: 1.36)
October 12, 2009 11:59:00 PM PDT
hng said...
Wow lah!!!!Sold off last portion of TA (cost 1.36) at 1.42; realize more than 10k, T+1 profit ....:) ... :D):
October 13, 2009 12:06:00 AM PDT
hng said...
Look like TA continue surging.Ha, i've enough, realize contra gain of more than 15k altogether. Afford to take rest now.. Core portfolio OIB 50% Pintaras Jaya 20%Cheetah: 10.3%
October 13, 2009 12:17:00 AM PDT
horse said...
CONGRAT !!!hohoho...early merry christmas again. :)
94 comments:
Bought back some Ireka at 82-83sen, this stock just under selling pressure. Take this oppurtunity just to grab some on its weakness.
Today also add another new stock: Hunzpty, bought at 1.44.
Core portfolio
OIB 50%
Pintaras Jaya 20%
Cheetah: 10.3%
Ireka: 5.4%
Hunzpty 5%
Horse
You hightlight me again !?
Earning money from stock market is normal for full time investor/trader. After all, trading and investing is my full time job and i rely on stock market to earn income. I've to perform well just like any other occupation.
hng,
congrats to u,bro.looks like u already achieved ur daily kpi.u suprised us wif another one.wht makes u choose it?
hng,
your superb result & picks must let people know. Who know you might help people in making money as well, including me.. :)
I have a suggestion. Could you post your call in my forum under member area? It will be more neat for people to follow up there. I've created a sticky thread for your posting only. Like that we would see at one glance and better view.
Today, market very hot....Most bluechip are soaring, with unknown reason lead by CIMB and PBBank. (Perhaps due to UMMO assembly).
I known it may sound crazy... I've bought back about 30% TA at 1.43....Yesterday selloff may overdone!! I'm still very keen to get free TA Global and its ICUS. Expected more detail on listing by end of this month and tentatively list by end of Nov.
Today also add another new stocks: Glomac, bought at 1.30-1.31.
Core portfolio
OIB 50%
Pintaras Jaya 20%
Cheetah: 10.3%
Ireka: 5.4%
Hunzpty: 5%
Glomac: 3.2%
Trading Portfolio
TA: 30% (cost: RM 1.43)
Bought addititonal 30% TA at 1.44, and hit maximum stake 40% TA, bought at 1.45. Crazy ...
Core portfolio
OIB 50%
Pintaras Jaya 20%
Cheetah: 10.3%
Ireka: 5.4%
Hunzpty: 5%
Glomac: 3.2%
Trading Portfolio
TA: 30% (cost: RM 1.43)
TA: 30% (cost: RM 1.44)
TA: 40% (cost: RM 1.45)
wow, just got in this morning on GENM at 2.77. SOld them at 2.80.
Intraday profit.... :)
Wow!, sold 70% stake of TA back at 1.46, realize few k intraday profit frist. :d
Sold some ireka at 86sen, realize T+1 profit.
Sold off remaining 30% TA at 1.46, realize all intraday profit :D) Better don't chase stock too high, realize profit first is priority and reduce risk make me more comfortable.
Focus back on core stocks: Increase stake in core portfolio: Bought more Glomac, Hunzapty and OIB at 1.32, 1.43 and 1.32 respectively. These stock are all trade cum dividend Glomac (4.5sen), Hunzapty (5.6sen TE), OIB (10sen)
Wow lah!! TA back to 1.44!! take this oppurtunity to trade again, but with more caution position: bought just 20% stake TA at 1.44
Congra Hng...that's very fast....what lot size you play with this method? Base on TA or guts feeling?
Fast execution is one of the weapon hng using. :)
Well done mate... :) Thumb up. !!
Bought more Hunzapty at 1.43, sold more ireka at 86.5sen
TA main catalyst is upcoming free share: every 10 lot of TA, entitle 3 free lot of TA global (par value 50sen) and 3 free lot of TA global ICLUS (par value 50sen), without affecting TA par value, remain RM 1. If based on par value alone, TA capital worth at least RM 1.30. In addition, upcoming ICLUS may have cuopon rate and yield interest income.
If one to attach slight premium valaution and PE, TA intrinsic value worth at least more than RM 2now. After listing, TA global is no 4th biggest property player in Msia.
Sold off TA a 1.45, but at the same time q to buyback at 1.44 :)
Sold off all Ireka at 86-86.5sen, realize all T+ few k profit;
sold off all today Glomac at 1.33, realize all intraday profit as well :)
Just bought all back again 20% stake TA at 1.44. Q to buy more
Superb trades. :)
Tomorrow expect another rally for KLSE as UMNO is having meeting for 2 days.
European market open higher, surging more than 1%. US future is expected to open higher as well :) Bullish sentiment surrounding the stock market :)
Horse, Genting SP also higher, up 2 sen to $ 1.15. :)
Bought back additional 10% TA, raising total stake of TA to 30%, all at 1.44
Ha! finally, market closed with srong rally and volume more than 1b. Time to calculate profit: today accumulated profit mainly derive from: intraday profit from TA, Glomac and T+1 contra profit from ireka: altogether nearly 10k, very rewarding for one hectic trading day :p)
Core portfolio
OIB 50% + 2% (RM 1.32)
Pintaras Jaya 20%
Cheetah: 10.3%
Hunzpty: 5% (1.44)+ 8.7% (1.43)
Trading Portfolio
TA: 30% (cost: RM 1.44)
Genting SP closed at 1.15. Looks like no chance to buy more at lower price.
Bravo bro...
Another 10K... :)
horse
How much you have loaded in Genting SP ? As mention before, my wife have loaded almost all of her total capital Sg $250k, waiting to outperform my performance in Malaysia. Ha, i'm competing my buy and sell trading strategy against her buy and hold strategy on Genting SP :)
Horse
Your buy and hold strategy on bluechip really work well: Genting, Genting SP, GENM, GAB, PBbank, IOI etc. By just being passive investor, you've rewarded with nearly month dividend as side income. Good investing.
I intend to load up to 35% of my capital on Genting SP, so far only about 28.8% still abit more. :(
I see your buy & sell strategy suit you more and very rewarding indeed. If one have no patient will not adopt/like my buy & hold strategy coz, seeing profit every single day is real happy and promoting your feeling to the highest level. But again, i cant do as much as like what you r doing coz, i'm just a parttimer. Would satisfy with current method. You are absolutely have the luxury time to do that, and deserve to be rewarded as well coz, this is break & butter for you. It is difference player altogether. Day trade require lots of concentration, i really admire your achievement so far. Keep up the good work. :)
Horse
Don't forget you are investing in Sing dollar. for every 1% gain in SG, you deserve 2.48% gain in ringgit. Your 28.8% total capital, if make 50% profit gain, translate to 14.4% in SG x 2.48 = 35.6% in RM. Thus, you are increase more than double of your 28.8% initial captial. Cheer..
Tonight watching Dow climb up more than 110pts now; very likley to surpass 10,000pts. The bull is gaining momentum and running fast....
This morning, sold 20% TA at 1.46, realize T+1 profi first. Portfolio still have last 10% TA
Wow, market seem tired, profit taking likely to keep bull in check. Sold off remaining 10% TA at 1.45. In total still record more than a k, T+1 profit. :)
Market continue on taking profit mood, wait sideline and watch whether or not market can absorb recent rally or is due for market correction...
market loses steam now...
stay sideway, not buying any.
Genting SP garner 1sen to 1.16. :)
Many fund manager underweight Maxis IPO at 5.00. Future growth is saturated and earning stagnant as the business growth only within Malaysia itself.
What do you think ?
Still wonder whether or not to buyback TA at 1.42 now or wait for more weakness?.
This monring, also sold some Hunzpaty at 1.46-1.47, realize T+2 profit first.
About Maxis IPO: no interest.. Yield not attractive, merely 4.5%net: Growth: flat and face stiff competition from other new players: 3G also suffer from margin erosion and growing IP Greenpacket; YTL-E etc
Wah!, market down 4pts, still wait sideline....TA at 1.41 now, GENM at 2.77.... hope can get more lower :)
sold more hunzpty at 1.47, realize more profit first...
hng,
did you capture GENM at 2.77 ??
Last minute push up to 2.80 again.
Horse
HA! finally I capture TA, bought back all TA at 1.40; realize more than 10k instead of more than a k Wow, I've consecutively realize more than 10k in this week.
In additon, i've also bought more 30% TA at 1.40, to average down TA holding cost to 1.42.
Today also bought some more OIB at 1.29-1.31.
Core portfolio
OIB 50% + 2% (1.32) + 2.6% (1.30)
Pintaras Jaya 20%
Cheetah: 10.3%
Hunzpty: 8.7% (1.43)
Trading Portfolio
TA: 30% (cost: RM 1.44)
TA: 30% (cost: RM 1.40)
4898 TA TA ENTERPRISE BHD
DIVIDEND-IN SPECIE 3 : 5
Entitlement Details:
DIVIDEND-IN SPECIE BY TA ENTERPRISE BERHAD ("TAE") TO THE SHAREHOLDERS OF TAE
ON THE BASIS OF THREE (3) ORDINARY SHARES OF RM0.50 EACH IN TA GLOBAL BERHAD
TOGETHER WITH THREE (3) ICPS OF RM0.50 EACH FOR EVERY FIVE (5) EXISTING TAE
SHARES HELD AS AT 5.00 P.M ON 30 OCTOBER 2009
Entitlement Type: Others
Entitlement Date and Time: 30/10/2009 05:00 PM
Year Ending/Period Ending/Ended Date:
EX Date: 28/10/2009
Yes, TA just announce DIVIDEND-IN SPECIE 3 TA global + 3 ICPS for every 5 TA. Luckly manage to buyback all TA and add doubl the stake to 60% stake at average cost 1.42. :)
Hopefully this will serve as catalyst for tommorrow TA performance. :)
Horse, have you grab some TA, for free share?
No. I've reserved for Genting SP but not TA. :(
Nevermind, just let it be. I am just enjoying your trading style as the moment. Your execution & timing is really fantastic. I'm mind practising your strategy. It is indeed very effective but the only set back is, this require a fulltime job, just can't use it on me at the moment. Playing small is no harm done but meatless. haha :)
Wow! TA soaring..... sold out all TA at 1.49-1.50.... realize a lot, a lot handsome T+1, T+2 gain..
Congrat. hng...
Laughing All d way to Bank... :)
Horse
After calculate: realize contra gain more than 30k...the highest contra gain i ever achieve...Very rewarding indeed.
Since investing in TA alone, total capital already increase by more than 10%. This is real milestone in such as short time. But this could be extraordinanry case only. After all, i may unlikely to repeat similar huge gain in other stocks....
Just mention unlikely to repeat similar gain, TA share already trade a 1.45, selling pressure keep share in check, but may open oppurtuniuy to buyback again... Ha, wait for right timing, right price to re-enter TA...
Bought back 30% stake of TA at 1.45
Bought back another 30% TA at 1.46
Bought maximum additional 40% TA at 1.46, raising total stake of TA to 100%
Yeah, take profit!!! sold off all TA at 1.47... realize addititonal few k porift.
Today busy, no time to monitor.
Well done hng... :)
You did it again.
Horse
Please concentrate on your job and perform well. Year end bonus is waiting for you.
All your stock are in paper profit, and are work as hard as you and timely payout dividend, helping you increasing your wealth :)
Market expect to trade sideway, with high possibility under correcion mood.
Take this oppurtunity to rest and stay sideline and shop for thing related to renovation...
Intend to move in before CNY. By the way, i'm also look to buy new MPV to cope for growing family. Any good recommendation; Budget: 100k-150k.
Toyota Innova around 100k to 110k.
Big & Spacious. :)
SOld some of my Genting at RM7.61.... :)
hng,
Hingyip is inching up slowly. Just wondering why it wasn't your core portfolio pick. I remember you were holding some but sold it off quite early. Hope you can share you point of view. Thanks hng.
Steve
Sold all my cheetah at RM0.545.
Bought maximum core stock OIB, at 1.28-1.29, core stock in Portfolio reach maximum level: 100% invested
Core portfolio
OIB 61%
Pintaras Jaya 20%
Cheetah: 10.3%
Hunzpty: 8.7%
Steve
I actually very disppointed to let go Hingyap. This stock even with current 1.15, have highest dividend yield and very undemanding valuation. I'll intend to buyback later.
Horse
Congrat to your Genting, must be realize very handsome porfit margin. Laughing All d way to Bank..:)
About the MPV, currently under consideration: Honda Stream, Toyota Wish and Nissan Serena. But will make final decision next yr, before CNY.
reliability i prefer Toyota wish.
stylish i prefer honda stream.
Nissan is out of my list. :)
hng,
same to you. "Laughing all d way to Bank".
OIB volume seem shoot up last minute, i believe most of it telan by you. :)
Will consider buying, see how it end up tomorrow.
Horse
Already 'telan' maximum OIB, still need to wait for its overdue dividend.
horse, my ideal MPV are Toyota Estima or Alphard, but can't as yet to enjoy such luxury....
wait for a year or 2 to get a free estima/alphar from your wife... :)
BTW, OIB suppose to announce it div sometime this week or next. Hope it will surge higher when this emerge. :) Another round of 30K to 50K profit.... :)
Bought 30% stake each of GENM at 2.85 and TA at 1.48 in early morning. Yesterday Dow up another 1% likley to spur Bursa and momentum get boost...
Core portfolio
OIB 61%
Pintaras Jaya 20%
Cheetah: 10.3%
Hunzpty: 8.7%
Trading portfolio
TA 30%
GENM 30%
horse
Delayed gratification is key to success and accumulate wealth in investing. It takes practice, but at the end of the day, you will be proud and staified with your choice. Step by step turn current middle class lifestyle to middle upper class :)
wow, TA again ? there is still upside for that ? bcoz of DIVIDEND-IN SPECIE 3 : 5 ?
Horse
I'm testing again TA due to:
1)TA always is good proxy vehicle
whenever the stock market on bullrun. In addititon, TA have largest retail broker gives it a high beta when the market is on an
upswing
2)Following the TA global listing, TA still own 55% in TA Global. Through listing TA will receive RM230m cash which could give TA shareholders a special dividend.
3) Broking and investment aside, TA will also account contribution from TA global (55% own) which mainly derive property investment income (hotel corporate office) and property development with prime landbanks including 6.7 acres next to current TA 1 and within KLCC; Sri Damansara (48 acres),Bukit Bintang (3 acres), Dutamas (3 acres), U-Thant (1.4 acres), Kluang (95acres) and Serendah (78 acres). Currently develop project: Damansara Idaman, Idaman Villas and Idaman Residence.
Bloomberg - TA Global Bhd, set to become Malaysia’s fifth biggest listed property group, plans to double the number of hotels it owns in five years, adding to a portfolio that includes the Radisson Plaza in Sydney and the Westin Melbourne.
It wants to build at least two hotels in Kuala Lumpur and make acquisitions in overseas markets from London to Canada, said Alicia Tiah, managing director and co-founder of its parent company, the Malaysian brokerage TA Enterprise Bhd.
“Definitely we want more. We want to develop our own chain. I want to buy hotels in gateway cities like London,” she said in an interview in Kuala Lumpur. “But some are not cheap, some too big, some too small, it takes time to get the right fit. I want people to show me what they have.”
TA Enterprise, whose shares have more than doubled this year, folded all its property assets into TA Global which will be listed on the Kuala Lumpur stock exchange on November 23 to tap a resurgent stock market. The FTSE Bursa Malaysia KLCI Index has gained 44 per cent so far this year.
TA Global, which now owns four hotels, is being spun off into a separate listing to realise its value and help it expand. The group spent about RM756 million (US$225 million) from December to August to buy the Westin Melbourne hotel, the Swissotel Merchant Court hotel in Singapore and the Coast Whistler Hotel in Canada, taking advantage of depressed prices during the global recession.
The acquisitions will triple hotel revenue at TA Global next year, Tiah said, without giving the current figure.
“A lot of hotels were going for below their replacement costs,” she said. “We managed to get great assets at a time when things were so gloomy.”
Good Timing
TA Global will have a market value of RM2.4 billion when it’s listed and will be ranked the fifth largest property group, HWANGDBS Vickers Research Sdn Bhd said in a September 29 report.
“The timing is quite good to list,” Tiah said. “We have accumulated great assets.”
TA Global, which has total assets valued at RM2.4 billion, has lined up more than RM6 billion of property development projects from now till 2012, said Tiah.
The company also owns the 24-story Terasen Centre, an office building in Vancouver, Canada, and Menara TA One, a 34-story office in Kuala Lumpur.
By listing the property unit, TA Enterprise will be “unlocking the hidden value” of its property assets, ECM Libra Capital Sdn Bhd said in a report yesterday.
TA Global will raise RM230 million from the share sale. It also owns offices in Kuala Lumpur and Canada. TA Enterprise will retain a 57 per cent stake after the listing, said Tiah.
“We have a good stream of income, good time, bad time, it will be there,” she said, referring to the hotels. “I love hospitality, you can up the rates,” as opposed to office buildings where rates are fixed by contracts, she said.
Bought maximum TA at 1.47
Trading portfolio
TA 70%
GENM 30%
Sold out GENM at 2.85; realize one time loss :(
Why in such a hurry? I thought you just bought it today...?
Let me guess...Are you intend to swap to TA ?
Horse
You're right, i've swap part of the margin line to TA. Lets all concentrate on TA. Hope it will perform well :)
While the immediate upside of TA may limited, still can't break immediate resistance at 1.50, but i'm waiting to be entitle its free share and its IPO next month.
If TA global IPO well received, it will be biggest boost to the portfolio :)
Looks like u've high confidence on TA. Ex-date is on 28/10. How much do u think TA global listing price ?
Frankly, i don't known as TA global will be newly listed, but the earning visibility will be underpin by its current property project.
Valuation may be rich but should be supported by its brand, rank 4-5th largest property player, reputation and attractive landbank. TA global should be trade at premium (PE 12-16x) and in par with other more establish player such as IGB, MahSing, IJMland and Suncity.
I'm also make some swap in core portfolio. Sell some Ptaras, buy both hunzpty and OIB. Core Portfolio still remain 100% invested
hng,
In that case your portfolio on TA must be loaded 100%.. :)
Voulme is huge today. Expect tomorrow to have a good run as well. :)
Bought last portion of TA at 1.46.
Both core and Trading portfolio hit maximum level.
The buying percentage for TA is low abt 22%. :(
This is mainly due to profit taking. This is simliar to last week, in which i've sold off all TA to recognize profit.
But this week, i'm buying back TA at current price, due to more closer to its ex-date and still wanna to get free share and enjoy its IPO.
Market may under selling pressure and correction soon. Sold off all TA at 1.45-1.46; realize one time biggest loss :(
hng,
can buy back at 1.43 to make intraday... :)
Ha! I've just bought back all TA at 1.44, reverse earlier loss, making intraday profit instead :D)
there.... you did it again.. :)
This is just unique and hard to copy. One need lot of practise and sense. :)
Horse
you known me best, already know ahead of my investment plan: Sell first and buyback later. Good to have you sharing my thought :)
second round....
Bought back all TA again at 1.44, Completed second round intraday trade.
Wow, market closed down more than 5pts. Due for correction soon!?
With today two round of intraday gain, portfolio have manage to reduce cost holding for TA from 1.47 to 1.46 (still suffer paper loss :(
I've also take progative measure to cut stake holding in core portfolio. Sold half of Ptaras jaya at 1.51-1.53, realize more paper profit
Core portfolio
OIB 61.4%
Cheetah: 10.3%
Pintaras Jaya 9.7%
Hunzpty: 9.1%
Trading portfolio
TA 100%
No trading so far, TA downside seem limited. Will likely keep for entitlment or sell at higher price :)
Market on consodilation mood and sideway, waiting for fresh catalyst from Budget..
Perhaps due to upswing market, a lot of listed companay have started to raise capital through equity market (Hunzpty, Pelikan).
Hunzpty intend to proceed with its overdue right issue + warrant at indicative price of 1.20 or at least 20% discount to 5-day volume weight market price. Due to its dividend ex-date is at next yr Jan, the right may entitle shareholder to dividend as well.
Generally many dislike right issue. I am sure this will spur some fluctuation on Hunzpty share price. This exercise will dilute the shares. Will not touch on this counter.
Sorry, the indicative right price should be 1.10.
Every 10 share entitle 3 right share + 3 free warrant. No doubt, there will be dilution, but Hunzpty have attractive landbank in Penang state.
I'm still overweigth on hunzpty, the property counter should enjoy more premium in recovery economy. Buying Hunzpty now should be safe while wait for its entitlement for right share, warrant share and dividend.
sold off all TA at 1.47, now trying to buyback at 1.45 :)
Yes, bought back all TA at 1.45. Portfolio have again manage to reduce cost holding for TA from 1.46 to 1.45 (reverse to paper gain :)
Today, core portfolio have increase stake of Hunzpty at 1.45
Core portfolio
OIB 61.4%
Cheetah: 10.3%
Pintaras Jaya 9.7%
Hunzpty: 12.9%
Trading portfolio
TA 100% (cost holding RM 1.45)
From -ve to +ve. :)
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