Monday, October 31, 2011

Scalp Trades Dated 31/10/2011

1. Scalp traded the following today :-











2. Bought in ARREIT today. Likely to announce DPU next month.

3. Dow Jones in red now :( Might have a bumpy ride tomorrow.

18 comments:

hng said...

Bought Malton at 60sen, expect Malton to declare higher dividend.

hng said...

Bought Oldtown at 1.04.

Oldtown has open 2 high-end cafe in China, and expect more to come. Oldtown 3 in 1 has receive very good response in China, expect greater penetration to gain bigger market share in China.

hng said...

Oldtown currently trade FY EPS of 10.5sen, trade at fair value of PE 10x, but at discount to other B&F player: BJfood and KFC. Oldtown has dividend policy to payout at least 50% net profit, giving rise to yield of 5% nett.

Current share of 1.05 is also at discount to its IPO price of 1.25, give rise to limited downside risk.

hng said...

Market tumbled follow regional and European market. Expect more downside tomorrow. Portfolio have opt reserve more capital and margin line for bargain hunt especially Malton tomorrow.

hng said...

Abort my plan to increase stake on Malton as its just declare 2sen dividend (0.85sen less tax + 1.15sen TE). Dividend yield is just 3.3% based on today purchase price, much lower than expectation of at least 3sen.

hng said...

I've sold off first all malton at 58.5sen, but manage to buy back all at 58sen, realize intraday gain

hng said...

Decided to double the stake of malton at 58sen, to average down holding cost to 59sen

hng said...

Decided to double the stake of malton at 58sen, to average down holding cost to 59sen

horse said...

Think market selldow is overdone.
May have a better half.
Still sourcing what to buy...?

hng said...

horse

Agree, all regional market already pare down earlier loss, with some even reverse to positive territory. US future also pointing gain.

hng said...

horse

You're expert in call warrant, should have no problem to find out potential stock especially if their underlying share rebound. Just don't over commit as market remain volatile

hng said...

Portfolio malton already in paper profit thanks to earlier decision to double up stake to bring down holding cost to 59sen. Will observe market next movement before decide to take quick profit

hng said...

Sold off all Malton at 60sen, realize profit first :)

hng said...

Bought Oldtown at 1.04

horse said...

Miss the boat on kulim-cc. Placed 0.03c not done. :(

hng said...

Bought Protasco at 96sen

Bought Uchitech at 1.22

hng said...

European market remain volatile. Better opt for defensive strategy, pick high dividend and low beta stocks.

hng said...

Bought ultramaximum Maybank at 8.19, expect Maybank to declare 32sen final dividend by this week.

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