Guinness Anchor 2Q earnings up 47pct to RM64.63m

Profit up so much only declaring 10sen dividend. :(

KUALA LUMPUR: GUINNESS ANCHOR BHD’s earnings rose 47% to RM64.63 million in the second quarter ended Dec 31, 2011 from RM43.83 million a year ago as it sold more of its Tiger beer.

 

It said on Friday, Jan 28 that revenue rose 11% to RM421.41 million from RM378.13 million. Earnings per share were 21.40 sen compared with 14.51 sen. It declared a dividend of 10 sen a share.

 

Elaborating on the results, managing director Charles Ireland said: “The group’s performance is clearly reflective of the ever-increasing number of consumers choosing our brands and retailers choosing to work with GAB”.

 

He said the company’s investments in marketing and trade initiatives had successfully expanded their brand equity and market presence.

 

With brands Tiger, Guinness, Heineken, Anchor and Kilkenny under the company, he said Tiger was their biggest brand and “is growing very rapidly, well into the double digit growth rate”.

 

“We have been successful in combining our portfolio so that our brands neutrally enforce each other, like team players,” he said.

 

Ireland stated that their strengths came from the high-quality, successful marketing campaigns and the large scale of their programmes. For this year, he said the company had allocated more than RM50 million as capital expenditure.

 

On the prospects for the second half of the financial year ending June 30, 2011, he said GAB would “continue its robust performance”.

 

“I think we will sustain our momentum in the second half of the (financial) year. I think that on the half versus half basis there was a bit of a distortion with the timing of Chinese New Year… but it will still grow year-on-year,” he added.

Scalp Trades Dated 27/1/2011

1. Today's scalp trades :-
KNM-CE - in 0.22, out 0.23
GENM-CL - in 0.065, out 0.07

2. Market rebounded strongly today. :) tomorrow the uptrend sentiment would likely to continue.... :) as the regional bourses remained in positive territory. :) 

3. Lately involve a lot of daytrading which i myself would never expect to do so. :) somehow just can't refrain myself from trading as the market bullishness tempted me to do so. :) bad bad bad. ha ha ha. I don't know when will i be caught one day ?? so far the trading has been great except for RCECAP which i got stuck at 0.575 where quite a huge some of amount being tied down there. :( When will this gonna rebound ??

Scalp Trades Dated 26/1/2011

1. Today's scalp trade :-
Gamuda-CI - in 0.155, out 0.16

2. Market still continue to sell down today :( despite the recovery of major Asian, European & American market.

3. PBB - declares 33sen dividend. SUNREIT - 1.75sen. ATRIUM - 2.2sen. More to come. :)

Market Expected to Trade Lower

1. Looking at the current down trend market, this stop me for further buy in. :(

2. Of all the choice, REITs & Golden Agri still my preferred stock to invest. :)

3. I particularly like the month of Feb very much, as most of the REITs will be declaring DPU at this time. :)

4. Stocks in the region also traded broadly lower last week. The indices in Singapore, Japan and Hong Kong were down like around 2% :(

5. Sentiment on Bursa Malaysia is like playing catchup with the rest of the region. :(

6. It is wise to stay sideline for now.

7. However, it is a good buy for Golden Agri between 0.70 to 0.72.

Scalp Trades Dated From 17/1/2011 to 19/1/2011

1. There isn't any scalp trades for this week. :)

2. Bought in more AMFIRST at RM1.18 and STAREIT at RM0.885. :) STAREIT just declared Interim income distribution of 3.2865 sen per unit (of which 0.1864 sen is taxable and 3.1001 sen is non-taxable in the hands of unitholders)

3. Sold my remaining GENM at RM3.50. :)

4. KLCI Market in RED :(, C drop more than 35cent after the result misses the estimation. :(

5. Trying to switch all my portfolio to REITs temporary but the illiquid of REITs may cause me trouble in liquidating them in future but just can't deny the attractiveness of the dividend income. :)

Citigroup Inc. reports fourth quarter 2010 net income of $1.3 billion, or $0.04 per diluted share

Tonight should be interesting....BUT pre-market already showing RED. :(

New York – Citigroup Inc. today reported fourth quarter 2010 net income of $1.3 billion, or $0.04 per diluted share, compared to a net loss of $7.6 billion, or $0.33 per diluted share, in the fourth quarter 2009. Citigroup net income for full year 2010 was $10.6 billion, or $0.35 per diluted share, compared to a net loss of $1.6 billion, or $0.80 per share, in the full year 2009.

Citigroup revenues in the fourth quarter 2010 were $18.4 billion and included negative CVA of $1.1 billion. Excluding CVA, revenues of $19.5 billion were down 6% from the prior quarter, principally driven by lower Securities and Banking revenues and lower gains on sale of AFS securities in Corporate/Other.

Citicorp's net income remained strong in 2010 at $14.9 billion, while Citi Holdings net loss decreased 52%, from $8.9 billion to $4.2 billion, when compared to 2009. Citi Holdings' assets stood at $359 billion at the end of 2010, down from $487 billion at the end of 2009. This performance helped Citi to continue to improve its capital strength, as its Tier 1 Common ratio increased from 9.6% to 10.7% over the course of the year.

"2010 was a year full of milestones and was critical for the turnaround of this institution," said Vikram Pandit, Chief Executive Officer of Citigroup. "Our goal was to achieve consistent profitability and I am very pleased that with our fourth consecutive profitable quarter, we earned $10.6 billion for the year.

"Our core businesses in Citicorp, with its deep roots in both the developed and emerging markets, performed well throughout the year while we made targeted investments in talent and technology. At the same time, we continued to wind down Citi Holdings in an economically rational manner, reducing assets by $128 billion in 2010 alone. Holdings' total assets have declined by more than half from their peak in 2008 to $359 billion and now stand at less than 20% of our balance sheet.

"We have the right strategy for our company's present and future and are executing it with discipline. Although the economic environment remains uncertain, our future path is clear: As America's global bank, we've built a foundation capable of producing sustained profitability and our next goal is to achieve responsible growth," concluded Mr. Pandit.

Scalp Trades Dated 14/1/2011

1. KNM-CE - in 0.295, out 0.30

2. Picking up RCECAP for longterm since can't sell within contra period. :(

3. Dow Jone in positive zone and C continue to up surge. :) Already paper gain for 33%. :) 4Q Result will be out on 18/1/2011. Hope it is a good one, further upside could still be possible. :) Heard dividend will be resuming soon this year. :)

4. Next Monday KLCI could still be good. Upside is still very much intact. :)

5. Take a look at KNM historical chart above, with the higher valuation and better sentiment, further upside could still be possible. :) Good luck mate.

Scalp Trades Dated 13/1/2011

1. No trading for me today.

2. Rcecap - Still stuck at 0.575 (T+3 liao) :( Will need to turn this to be one of my investment portfolio candidate since can't make any $$ within contra period. :( ha ha, always give excuses when you lose your scalp trade. Do not want to admit your loses, so turn them become an investment. :)

3. Miss the Genm-CL entry at 0.14sen today. Lari liao. :(

4. C closed at USD5.08....is still going strong. Keep till result out. :) Likely to be in Feb.

5. Market will still be good till CNY i believe. :)

Scalp Trades Dated 12/1/2011

1. Today hell a lot of work to do. :( No time for market, only manage to find some time after the 2nd session of market but it was too late then. :(

2. Today trades are as follows :-

Rcecap - in 0.565, out 0.57

Rcecap - Still stuck at 0.575 (T+2) :(

3. I am still keeping tight of my portfolio, nothing will change in short term. :)

4. Above counter look set to breach RM3.70. :)

Scalp Trades Dated 11/1/2011

1. Today traded the following :-
Bursa-CO - in 0.07, out 0.075
Sime-CH - in 0.14, out 0.145
Rcecap - Still Stuck at 0.575 (T+1) :(

2. Overall volume is started to shrink. :(

3. Surprisingly, just discover above page in my trading platform where it listed all recent dividend entitlement. Wow, very useful information but only to discover today after trading so many years with it. :(  These information come very handy, look, LPI is giving 45sen. !!!

Scalp Trades Dated 10/1/2011

1. KLCI drop 8.69 points today closed at 1563.52. :( Maybe due to the Portugal bailout talk. All region plus Europe Stocks have fallen. :(

2. Today scalp trades the followings :-

Sime-CH - in 0.135, out 0.14

Genm-CL - in 0.125, out 0.13 (Lucky to escape)

Rcecap - in 0.575 - this one stuck :( still holding !

3. Just received my SUNREIT's dividend of 0.151sen today. The next dividend will likely to declare in Feb.

4. Despite KLCI drop low today but the volume seem to maintain at high point. I hope it is still a good sign. :) Keep up the good work Mr. CI.

Sing A Long, Don't be Chicken Little !!

1. Above some of my darlings...already keeping for umpteen years. Long holding though but quite a fruitful one if one factor the dividend in. :) $$$ Thinking of reaping the fruit before the crash but when ? nobody knows. :)

2. Some of the scalping trades yesterday :-

Ngiukee, in 0.14, out 0.145

Rcecap, in 0.575, out 0.58

Sime-ch, in 0.145, out 0.15

Note: don't follow my footstep, you need considerably volume to make scalping profit, not something like10,000 to 20,000 units to do the job. You need much more than that. One that is not skillful better stay out of scalping trades, anyway it is not my preferred method as well. Dividend and value investing are still my main focus. :)

3. Look at the volume !!! It is bull folk !!! Any Tom, Dick and Harry will make money, stick to Blue Chip and profit making companies. :) Those not so good profit companies will also run, what you need is just a spark of news irrespective big or small. :)

4. Capitalised the bull mates, you can hardly find one like now. :) Be tactful when you deal with bull, ready to look for exit door when thing just can't go on song.

Walking Back to Memory Lane !

1. Is this bull gonna same like bull in 1993 ??

2. Remember back in 1993, you can't see stock in < RM1. :) Is history repeating itself ?? I hope so. :) hahaha

3. Volume, momentum and most importantly the involvement of retailer is back in action. !? The old timers are back ??

4. Welcome home folks !! Should i say long time no see ?? Is this a super bull ??

5. Scalp again on Gamuda-CK, in 0.46 and out 0.475. :)

6. If this is a real superbull, then is wise to whack big pal, hard to see such a bull. I am holding with my current holdings and punting with the bull. At least get in out till the bull subside. :) Don't follow me, my style could be weird one. ha ha ha.

7. C continue to upsurge. :) USD5 should be of no problem. If this bull can last 1 more year, my GSP would at least worth S$3.00 by then. :) $$$$$$

Scalp Trade on Gamuda-CK

1. Wow, a strong start for year 2011. KLCI garnered 14+ points and make a record high in the history of Malaysia market.

2. Today, I did a quick intraday trade on Gamuda-CK, bought them at 0.415 and sold them off at 0.425. :) What a day !! The stock market seem like very bullish in the starting day of year 2011. Gamuda seem to have gain momentum, further upside is still possible. Worth taking a look tomorrow.

3. A lot of stocks under my radar list. Most of them already named by hng in previous post. There are Homeritz, Rcecap, Deleum and another favourite of mine Pantech. All these may require to keep for mid term to long term for at least 6 months minimum. :) Other than what listed, Golden Agri (S) still worth considering even at S$0.80. :)

4. Honda Insight (picture above) a hybrid car that cost RM98K. Worth considering. :) I might consider buying it. :)