Monday, May 21, 2012

Scalp Trades Dated 21/5/2012



1. Scalp traded above today.

2. Sold YTLP-WB at 0.38 (jump queue) and buy back 0.38. :( Lose fees. :( Look like the selling pressure has eased today. YTL corp is not selling anymore? They have further reduced the holding to 71% as seen in the announcement, looks like is their last batch? Good news to those still holding ?

3. Bought in UCHITECH at 1.20 today. :) Declare 7sen dividend. 

22 comments:

hng said...

Teng

I believe there is no any further selling of YTL Power-WB from YTL corp, after it reduce its stake to below 75%.

There could be possible requirement from Bursa to meet these 25% public spread. the 55m warrant traded off market could be last block of warrant, and could be related party or friendly transacted, but these bloc below 5%, there will be not issue of new substantial emerge.

Nevertheless, YTL Power WB still correlate with its mother share, both performance are interrelated.

Teng said...

Hng

For warrant that has about 6 years expiry time,it is worth to bet on YTLPower-Wb,esp if dividen from YTLPower is lowered now

hng said...

Sold off all Mudajaya ay 2.56, realize higher contra gain

hng said...

Teng

Warrant tend to trade at premium. The degree of the premium correlate with beta (volatility of underlying share), dividend yield and time to maturity.

However, in YTL Power case, this is special as YTL Power have change its status from defensive that derived consistent earning from concessionaire and high dividend yield stock to increasing risk of non-renewal concessionaire PPA upon expire, lower dividend yield stock, new venture in highly competitive telco require high capex and highly link to political risk.

In short, there is too many parameter to calculate risk and reward on top of conventional factors. Upcoming Q1 result may give more detail of its future prospect.

hng said...

Teng

No doubt, YTL power and its WB currently trade at multiple year low offer opportunity to trade, especially selling pressure from YTL corp seem to ease off. Buy on weakness and sell on profit could minimize holding cost

alwayswin111 said...

Hng
Congrats
What do you think of RSAWIT
Well supported at 0.995

alwayswin111 said...

Hng
Foreigner were net buyers for past 3 mths. But last two weeks, the buying has dwindled. What is your opinion?

hng said...

alwayswin111

Rsawit and Jtiasa share common major shareholder and promising growth through huge development of their palm oil landbank and also undergo massive corporate exercise involve fund raising through right share and reward bonus issue. The different is Rsawit already successful pass all exercise and stock outperfrom significantly after these exercise.

On the other hand, Jtiase is still in the midst of getting approval. Should history repeat, buying Jtiasa now could pocket shareholder handsome gain after the exercise.

hng said...

Increase further stake of Faber, bought more faber at 1.35.

hng said...

alwayswin111

Perhaps, foreigner buyer affected by renew Europe problem.

hng said...

Used all available trading limit, buy YTL Power-WB at 40-40.5sen.

hng said...

Sold partial YTL Power-WB at 41sen, realize intraday gain first

Teng said...

Hng

Congra on yr Mudajaya.I also sold today at 2.55

Not sure whether to buy more YTLPower-WB to lower holding cost

hng said...

Teng

Just used YTLPower as indicator to buy its WB, if buy high, sell higher so long realize contra profit fast :)

Teng said...

Hng

Thanks.Will monitor YTLPower

hng said...

Sold off remaining YTL Power-WB at 41.5sen, realize higher intraday gain

hng said...

Bought more Faber at 1.34

hng said...

Bought back some Mudajaya at 2.52, realize intraday gain

hng said...

Sold back all Mudajaya at 2.55, realize contra gain

Bought more faber at 1.32, reduce cost holding

alwayswin111 said...

Hng
Thanks

hng said...

Tambun Indah just release Q1 result, EPS = 4.14sen, if annualized EPS =16.5sen, give rise to PE of just 3x.

Even, take into account its right share, which expand its capital by 40%, fully diluted EPS will still record 11.5sen, give rise to undemanding PE of 4.5x. Based on minimum payout of 40% (dividend policy 40-60%), Tambun indah current financial year dividend could be as much as 4.6senTE.

Tambun already recommend 7.6% or 3.8sen TE for financial year 2011, which is expect to announce entitlement by middle of next month, yield at 7.3% nett.

Teng said...

Hng

Tomorrow cepat cepat buy Tambun to enjoy its dividen

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