•LCL Corp defaults on loans
•Petra Perdana to dispose of Petra Energy stake
•Kencana targets RM4bn in contracts
•Nestle to enter FBM KLCI, Parkson will be dropped
•GBH aims to raise RM74m from right issue
•Puncak consortium fails to pre-qualify for Kimanis power
plant project
•Astro’s 3Q10 net profit jumped to RM133m
•Genting Malaysia to buy Wisma Genting
•Lion Corp’s Parkson targets 15% retail space growth
•TA Enterprise 3Q profit falls
•AirAsia to grow Indian network
•Maxis may increase leverage
•ECM Libra 3Q profit in at RM7.3m
•PNB’s new property group will not include Mah Sing, SP
Setia
•BAT estimates impact from Ministry of Health ruling
•JCY International’s 2nd attempt at IPO
•KPJ plans RM100m expansion
•Green Packet secures 3 European contracts
•Sime Darby subsidiary in groundwater venture with
Perak government
•Yoong Onn to target overseas expansion
16 comments:
bought Lonbisc at 1.00
hng,
Lonbisc has a very long ex-date sometime in mid feb 2010. May have a lot of room to accumulate. I will just monitor at the moment see if there is any chance of getting below 1.00 but nevertheless 1.00 should be a safe bet already. :)
Good luck mate.
This month is expected to be very slow for market as many holidays on the way.. :(
I am compiling my total return for this year since year end approaching, we are coming to neew year again. :)
All the best to all traders & investors. Hope you have a good nice year of 2009 and "Laughing All The Way To Bank" for the year to come. :)
In the afternoon session, Bought more Dijaya at 98.5 and bought Lonbisc at 1.00 also to further average down holding cost.
Sold also some hingyap; cresbld and protasco to further reduce stock holding
Core portfolio
Protasco 47.8%
Hingyap 30.2%
Lonbisc 29.4%
Dijaya 16.2%
Crestbld 1.3%
Trading portfolio
Axiata 41%
horse
Market today extreme slow as today is Selangor public holiday. But, both Lonbisc and Dijaya trade at higher than normal trading volume, render oppurtunity to accumulate these two stocks.
Horse
How is your portfolio performing for this year. If your total return include all paper profit of your longterm holding (Pbbank, bjtoto, GAB, Genting etc), i think can easily more than 100% ytd :)
For those stock that declare first and final dividend (e.g. OIB, Hingyap, Pintaras etc), their ex-date of 2-3 month tend to be longer than usual.
Therefore, the initial impact dividend on share price tend to be moderate and may only pick up once the ex-date is approaching
hng,
overall this year return is higher than last year about 16% excluding paper gain. :)
Nevertheless already very happy as this is record high since 2004.
Bought Dijaya at 92-93sen, average down holding cost
hng,
Dijaya drop drastically today, something wrong ? or just the normal RI dilution ?
Look at SCOMMIMR, report good profit still being smashed down to < 40sen... really unpredictable. In stock market no one is bloody sure what will happen next.
horse
Well done! if annualized and perform consistently, your portfolio already outperform most of the so-call fund manager in managing equity unit trust. pasttime vs. fulltime; retail investor vs. professional fund manager;
no one would expect Tchong to surpass 2.70, now trading above 2.90. wow, used to keep this stock till very fed up, now eye sore only. :(
I believe dijaya fundamental still remain sound and debt-free especially after right issue, cash pile is growing significantly.
The cash raising is mainly to develop and bulit up its investment properties segment; Tropicana mall + office tower that intend to keep for longterm and rent out to derive steady income, much like next IGB style.
Tan Chong is highly recommeded by CIMB analyst. In turn of valuation, NTA and dividend yield, Tan Chong is still undemanding. Furthermore, there is series of upcoming new model ready to introduce next yr + Tchong also hold some valuable landbank that ready to be develop or sell to realize subtantial assest gain
The only drawback is it currency risk.
AmEesearch Sdn Bhd has strengthened its "buy" call on Tan Chong Motor Holdings (4405) stock and revised upwards its fair value to RM4.30 from RM3.70 a share after meeting the company's management.
The research house upgraded its valuation of Tan Chong's motor division to 13 times its forecast 2010 earnings from its historical mid-cycle price-earnings of 12 times, noting major structural changes that could elevate Tan Chong's competitive positioning.
AmResearch said it came out of the meeting with Tan Chong's management and identified three developing themes which could be catalysts in lifting its share price.
The themes are its structural regional expansion, wider model mix and plans for property redevelopment.
Tan Chong has said that it intends to become an integrated Asean automotive supply chain manager, that is, turning the company into a borderless manufacturer and one with a higher level of autonomy from its principals.
Succeeding in this goal could see an expansion of its assembly and distribution rights in the region.
Acquisitions are on the cards involving markets such as Indonesia, Cambodia and Laos, after similar moves in Thailand and Vietnam last week.
The move would involve a total investment of RM1 billion over the next four years, it said.
AmResearch projects Tan Chong's strategy of widening its model mix on the Malaysian scene to bring about robust growth in its market share.
At present, Tan Chong is not represented in three major vehicle segments - A, B and D - which account for 61 per cent of total industry volume in the country.
Its management expects earnings to double in 2012 from 2009 levels with the introduction of A and B segment models.
Around RM250 million has been allocated for Phases 2 and 3 capacity expansion at Tan Chong's plant in Serendah, Selangor, over the next two years, which would more than double the annual capacity to between 50,000 and 60,000 vehicles.
At the same time, a property redevelopment theme is unfolding at its Segambut land.
AmResearch said the catalysts are revaluation of its property in Segambut; conversion of the land to commercial real estate; and value enhancement from development of the land.
Tan Chong Motor Holdings Bhd staged a technical rebound last Friday. Its daily price trend rebounded to close at RM2.68 last Friday, posting a week-on-week gain of 30 sen, or 11.29 per cent.
Following are the readings of some of its technical indicators:
Moving Averages: Tan Chong's daily price trend stayed above all its 10-, 20-, 30-, 50-, 100- and 200-day moving averages.
Momentum Index: Its short-term momentum index continued to stay above the support of its neutral reference line last week.
On Balance Volume (OBV): Its short-term OBV stayed below the support of its 10-day moving averages.
Relative Strength Index (RSI): Its 14-day RSI had since stayed above the 50 level. Its technical reading stood at the 67.84 per cent level at the market close last Friday.
Outlook
Tan Chong's price trend resumed its week-on-week gains after two-week of short and brief consolidations, against the backdrop of technical pullback of the FBM KLCI for the second consecutive weeks.
Chartwise, Tan Chong's monthly price trend traced out a 10-month consecutive uptrend after bottoming out in November 2008. With that, its monthly price trend had successfully breached the resistance of its previous high of RM2.50 in November 2007.
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