Tuesday, August 14, 2012

Bought In KASSETS



1. KASSETS - Finally bought in KASSETS in 3 batches. 8.94, 8.93 & 8.92. Trending lower. :(


2. FABER - Staying very firm. :) Good sign.

3. OSKPROP - No show :( most likely it will start to come when right issue is completed. :) ^^ Hopefully.

4. Watch List - KASSETS, WCT, FABER, OSKPROP, HAPSENG

5. Talking about fund. I have one reasonably big sum for the coming IGB REIT IPO and my tradable fund now left 20%. Majority fund all went into OSKPROP. Just like hng's WCT-WB, i do hope OSKPROP can run well after completion of right shares. Hope WCT-WB and OSKPROP can both have strong rally in this week or next. ^^ We will then Laughing All The Way To The Bank.

6. Good Luck.!!!

111 comments:

hng said...


(吉隆坡14日訊)WCT公司(WCT,9679,主板建筑組)以4億5千萬令吉收購華聯花園附近之策略地段,準備於2014年開始發展總值40億令吉的綜合商產與購物廣場,預計發展期達8至10年。
-------------------
-------------------------------------

他說,PARADIGM購物廣場最近開始營運,獲92%出租率的該廣場,可為財政年貢獻10%的淨利。

horse/Teng

Based on above statement, investor are assure that current financial result will at least growth by 10% or increase net profit by 15m from Paradigm contribution. Next year, another recurring income from Gateway in KLIA2, another 15m net profit contribution, or EPS growth by another 10%.

That is main reason for construction company to build up it properties investment contribution to not only diversifying earning base, but to assure steady EPS growth.

hng said...

horse

Have you find out with Kassest/IGB, about the matter concern you, namely upcoming IGB REITs listing date and capital repayment period.

hng said...

horse

Are interested in MNRB? could it replicate like Pos performance? Both also declare very similar dividend payout 17sen for MNRB, 17.5sen for Pos.

MNRB expect to declare dividend payout by end of these month. At least safer to hold cum dividend stock for long holiday :)

horse said...

hng,

I did not find out from Kassets/IGB but i got the info already. Thanks to Tay SK.

Have already post the estimated timeframe in this post, you can refer to it.
Thanks for mentioning. :) ^^

MNRB will monitor closely, hope it will be another POS. ^^

Are you buying ?

horse said...

Astro may offer IPO shares at RM3.60

cheeheng said...

horse/hng

got into kassets as well yesterday,manage to get it @rm 8.85 lowest price! :) hope it doesn't tank anymore.mnrb? hmm...will keep it on the radar.

Teng said...

Hng

What do you think of Metro Kajang?I saw its annoucement about right issue.Quite similar to OSKProp,ie 1 RI for every 10 share,1 free warrant and 1 free bonus for every right issue

hng said...

Teng

This time must smart enough to buy its OR :)

Teng said...

Hng

You mean don't buy mother share for its entitlement OR?

In 2009-2010,I bought ORs( Maybank,Axiata or TMI,Boustead) and I think it was traded mostly below its intrinsic/fair value

Tay SK said...

Horse I also enter some Kassets at 8.93 but sigh saw it drop further. Will average down when the chance arises. Btw the estimated timeframe posted should be adjusted as the actual ipo listing has delay from mid august to 19 sept. Anyway we must be mindful of sept 4, the price fixing day as the actual ipo may make or break our bet on kassets. If the institutional price were to price it at rm1, the fair value of kassets will become(5240+2430)=7670 or rm7.67 only. If they price it at rm1.20, fair value only rm8.72. However there will be more upside to igbreit when listed. :)

OneX said...

Hng, Teng

Yea. Can buy thru odd lot again. Normally people will sell their odd lot of OR at much lower price on the first day of OR listing.

Teng said...

OneX

Maybank Investment does not allow odd lot trading online.Odd lots transaction must be through phone calls.Min charges is RM40 or 0.42%.Unless can get in many transactions,if not,charges is too high

OneX said...

Teng

Can ask CK on other brokerage. It's loss of opportunity. I think Maybank should give normal cash upfront rate to odd lot. I CIMB can Maybank should also can.

hng said...

Teng/OneX

I mean we buy OR after listing, directly buy OR that entitle to bonus and warrant. Capitalize on price mismatch.

Teng said...

OneX

I thought of opening another trading account but still have not done it yet

Gark said...

I have MNRB for >1 year already. Last year divvy is 20 cents, this year they proposed less at 17 cents.This is a net-net company, total cash+investment is almost equal to share price. But the growth is slow at 3-5% and very tightly held by GLC. Hence the share price not so popular. PE about 5, BV 0.5, DY ~5%.

hng said...

Gark

MNRB is low risk back by its strong balance sheet. But earning sometime affected if there is major disaster like Thailand flood/Japan earthquake.

Dividend of 17sen is lower than previous 20sen due to earning affected by provision of claim in Thai.

Gark said...

Yes, due to the low valuations, it is one of my value stocks. But the market has yet to see the value. :)

hng said...

Gark

MNRB like Pos also is a sole player in their respective business segment. The risk is very minimum, although on and off deliver disappointed earning, but both retain strong balance and in net cash position.

Teng said...

Boring market.Everyone is on holiday mood already?

Little movement for my stocks or stocks I am interested in. Faber seems rebounding.

Teng said...

Bought small quantity of Affin-CF at 15.

OneX said...

Dear All,

Anybody know when/how long should company announce their notice of share buy back? For example if yesterday the company did buy back shares, up to when they should provide notice to Bursa?

Teng said...

OneX

Good question

'Immediate annoucement'-Same day of share buyback

Notice of share buyback under form 28A-Share buyback might be 2 weeks ago.HaiO annouced this to Bursa,and share buyback from Aug1-9

hng said...

OneX/Teng

Notice of share buyback is immediate. but change of substantial shareholding could be after few days.

OneX said...

Hng/Teng

Thanks. Try to figure out recent run up of Success whether because of share buyback or others and find out their last notice of share buyback was on 23/7/12 but the transaction done btw 11/7 until 13/7.

Teng said...

Hng/OneX

Some buyback ( except IMMEDIATE) may be delay.It had detail of date of purchase

ck5354 said...

perisai just announce result net profit up 3 folds as predicted by CIMB

Teng said...

Hng

Today WCT down 4 cents but WB holding well.

Teng said...

CK

TheEdge-Perisai 2Q profit jumps 221% y-o-y but flat q-o-q

hng said...

Sold off Faber at 1.34, realize paper profit

Bought WCT at 2.49

Teng said...

Hng

Annjoo price and volume incrase today.Hope can continue and cross 1.60

ck5354 said...

sold faber at 1.34

Teng said...

Someone is accumulating YTLPower at 1.81 slowly in afternoon session

ck5354 said...

q buy wtk 1.16

Teng said...

Sold Faber 1.34
Bought WCT 2.48

Earlier hesitating whether to queue WCT or WTK ( 1.16)

I see CK queue WTK at 1.16

ck5354 said...

ytl something wrong last minute push up

ck5354 said...

aiya tak dapat wtk

ck5354 said...

alamak partially match

Tay SK said...

Wct results announced with interim divvy 3.75sen.

Teng said...

WCT advised dividend paid ( 0n nett basis) is same as last year(last year was 5 sens less 25% tax)

Profit is mostly flat.Next quarter profit should be better as WCT can include revenue from Paradigm Mall

horse said...

NO trading from me today. :(

Thanks Tay SK & welcome to Kassets as well. However, 4 Sept is my lucky. ^^

hng & Teng, watch liast to add Metro Kajang. :)

horse said...

Still keeping tight on my Faber, will try dispose tomorrow if can.

CK, congratz on your Faber. YOu got your account opened ? So now can trade with very less brokerage already. :)

Teng said...

Horse

I actually want to keep Faber,but this week buying is > selling. Cash is about 20% only,need to sell some stocks to boost cash

I may buy Kasset instead of applying for IGB REITs. This week REITs gives back some gains.is it due to investor sell other REITs to apply IGB REITs ?

alwayswin111 said...

Hng Horse
Finally managed to dispose of KOSSAN at 3.22. I added some more IHH at 3.15 and ivory at 0.535. Otherwise still cautious.
Did some short play on TWSCORP last week. Had an 'angpow' on that . Bought 0.745 , queued next day to sell 0.80 but was matched at 0.83 at the opening bell.
Also traded on Media . Sold 2.50 today
Am watching for the next round for TWSCORP .
Hng congrats on your FABER . I didn't buy cos still have IHH.
Oh ya, I also bought some GENTING at 8.87 today with stop loss 8.85 in mind . Need to have tight stop loss. Market is pretty high.

alwayswin111 said...

Hng Horse
Finally managed to dispose of KOSSAN at 3.22. I added some more IHH at 3.15 and ivory at 0.535. Otherwise still cautious.
Did some short play on TWSCORP last week. Had an 'angpow' on that . Bought 0.745 , queued next day to sell 0.80 but was matched at 0.83 at the opening bell.
Also traded on Media . Sold 2.50 today
Am watching for the next round for TWSCORP .
Hng congrats on your FABER . I didn't buy cos still have IHH.
Oh ya, I also bought some GENTING at 8.87 today with stop loss 8.85 in mind . Need to have tight stop loss. Market is pretty high.

horse said...

Congratz alwayswin. :)

I was just thinking on Tay SK information on Kassets, buy Kassets we will get IGBREIT but the set back is about 27% (RM2430) cash will be lock down for minimum 3 months and above. :(
Initially IGBREIT was base on 1.00 IPO price, now they set the therotical IPO price at 1.25, with extra 0.25sen. What happen to this extra fund ? distribute back to Kassets shareholders ?

Teng said...

KUALA LUMPUR (Aug 16): CIMB Investment Bank Bhd Research maintained its Trading Buy rating on WCT Bhd at RM2.48 with a higher target price of RM3.08 (from RM3.05) and said WCT’s annualised 1H12 core net profit, at 90% of its full-year number and 94% of consensus, was broadly in line as performance should improve in 2H12.

alwayswin111 said...

Horse
Waiting to follow your cue on IGB reits. Thinking of buying for my son for long term. What do u think?

Teng said...

Hng

Switching from Faber to WCT is good decision

Teng said...

Alwayswin111

I always believe in personal experience. If you go to Midvalley,weekeday or weekend,it is always crowded. Just calculate how much parking they collect esp during weekend.

hng said...

Sold some WCT at 2.53, realize contra profit

Tay SK said...

Horse I think they should distribute it back to kassets shareholders. However to be conservative I don't put high hopes of 1.25 price. IHH indicative price was 2.85 but final institutional price was 2.80. Likewise for igbreit i think a final ipo price of 1.20 is a better Price to calculate its fair value. (5240x1.20) + 2430 + (0.2 x 1000x670M/521M) = rm8975 or roughly 8.98 share price.
If based on rm1.25 we get fair value of 9.30 as a bonus.

hng said...

Teng/alwayswin111/horse/Tan SK

The ultimate aim invest in REITS is for steady income. IGB REITs offer not only 5% yield but the most important is strategical location ensure 100% occupancy at all time and capacity to increase rental rate as well as capital appreciation through revaluation surplus.

With that, IGB REITs stand out as preferred REITs class among others REITs.

hng said...

Tan SK

If Kassest manage to raise fund by offerring higher IGBREITs at 1.25 instead of 1.00, Kassset shareholder will not only entitle similar unit of IGB REITs but also will increase amount of capital repayment to shareholder

hng said...

Sold off all remaining WCT at 2.54-2.55, realize contra gain

hng said...

Teng

WCT investment properties division record much lower PAT due to start up cost (staff cost/security/renovation etc) of its Paradigm.

In essence, Q2 result show not only no contribution of Paradigm of about 1 month rental income, but also record lower from its exiting rental collection from Aeon Bukit Tinggi as most of the profit derived turn to start up expense for Paradigm.

For upcoming Q3 result, properties division will record huge jump up in PAT as it will record maiden full 3month rental contribution from Paradigm + normalize rental collection from exiting Aeon Bukit Tinggi

Teng said...

Hng

Paradigm Mall location is good,nearby has thousands of condos/houses.WCT also provide free shuttle bus from Kalana LRT to Mall( I was there >a month ago,not sure shuttle service still available)

hng said...

Teng

It is like promotion to offer free shuttle bus. Remember last time newly open Mid valley also have such offer to attract visitor. It have impact when come to assess rental revision if mall achieve high visitor pa

Gark said...

Bought Cypark @ 1.72

Gark said...

Another concession company similar to Faber

Teng said...

Hng

I think Midvalley still offer shuttle from Bangsar LRT.Same for 1Utama has free shuttle from LRT station

ck5354 said...

LTH keep buying KSL.

Yes horse now my brokerage at 0.035%.

Manage to do a comparison between OSK and MPLUS.

link here: http://ck5354.blogspot.com/2012/08/faber-contra-through-mplus-online.html

Teng said...

CK

Mplus-Melaka Securites?Part of Ambank?

ck5354 said...

Ambank and Mplus is different. I think so.

You can choose either Ambank securities - no dead line but using N2N vs

Mplus securities using Excel Force which end at October 2012 the promotion 0.035%.

Teng said...

CK

Ok,understand.Because earlier you put up link for Ambank promotion also RM6 for fee

MPlus-I see they only have branch in Melaka.So you go all the way to Melaka to open account?

ck5354 said...

teng do u have gmail???

we can chat better there

hng said...

Bought MNRB at 2.98-2.99

Teng said...

CK

teng.shamrock@gmail.com

I see Melaka security has branches in Subang Jaya and SS2

hng said...

Sold some YTL Power at 59sen, realize slim profit

hng said...

Bought Brem at 1.19

hng said...

Sold off remaining YTL Power-WB at 59sen

Teng said...

Hng

You bought any HapSeng this week?

hng said...

Teng

Not yet, look like hapseng share reach hard rock bottom and rebounding back like what AnnJoo did.

hng said...

Still observing Hapseng, whether the rebound is sustainable or not, hapseng still pending to release its Q2 result.

hng said...

Today , also sold some WCT-WB at 29-29.5sen. realize much lower paper profit :(

I've change my risk appetite, focus on dividend yield stock; already accumulate some MNRB (17sen, 5.7%)and Brem (6sen, 5.0%).

Teng said...

Hng

Tambun annouced 100% jump in profit

hng said...

Teng

Insider good news on Hapseng? special dividend ?

hng said...

Teng

Tambun EPS have not take into account 88m right share dilution.

Teng said...

Hng

No idea what is happening to HapSeng.Anyway sold at 1.75 & bought back at 1.72

Tambun-I only look at profit,not EPS. I think it was 3+ cents per share.Even include right issue,still commendable. At least 2cents per share,annualised 8cents per share

hng said...

Teng

I join you, bought Hapseng at 1.72

hng said...

Just sold Hapseng at 1.75, contra gain

Teng said...

Hng

Still keep my Hapseng bought today

Tambun-EPS this Q is 3.78 vs 2.12 last Q. EPS should be double if no right issue factor??

hng said...

Bought back Hapseng at 1.71

ck5354 said...

hapseng really crazy price

hng said...

E&O replay again

hng said...

Bought some E&O at 1.61

hng said...

Sold E&O at 1.66

Sold Hapseng at 1.76

ck5354 said...

faber 1.32 siapa minat?

Teng said...

Hng

Hapseng-Could be share buyback. Aug 2 HS bought back 5.8mil share

CK-Faber 1.32 still considering. Long holiday ahead

hng said...

Bought back again Haspeng at 1.72

ck5354 said...

you keng how many round u want to play ha ha ha

me no margin kanasai

Teng said...

Hng

You think OSKprop will also deliver impressive result like Tambun?

ck5354 said...

Three research houses -- OSK Research Sdn Bhd, AmResearch Sdn Bhd and Hong Leong Investment Bank research division (HLIB Research) -- have recommended a 'buy' call on WCT Bhd. OSK Research said it remained positive on WCT's long-term earnings given its sturdy outstanding orderbook of over RM2.5 billion as well as potential jobs flow for the remainder of the year. "We expect the group to secure more contracts by year-end, with potential infrastructure jobs in Oman and the United Arab Emirates," it said in a note today. The opening of KLIA2, scheduled in April 2013, may prove to be re-rating catalyst, it said. OSK Research maintained its 'buy' call with the fair value reduced to RM3.06 from RM3.10 previously. AmResearch said WCT's construction earnings before interest and taxes fell 19 per cent year-on-year in first half of financial year 2012 following a void left for some key Middle East jobs that were completed last year. "But, sequential earnings momentum should pick up in the coming quarters as the impact of recently-secured local jobs begin to filter through. AmResearch has maintained its 'buy' call with an unchanged fair value of RM3.05. Meanwhile, HLIB Research said the positive factors for the 'buy' call were major contract wins, growing property investment income and strategic land banking exercise. It has maintained the target price at RM3.36. -- Bernama

Teng said...

Hapseng-Buyer will sapu 5k lots( 500,000 shares) in matters of minutes.Now buy/sell qty small.Have to wait for buyer again

Teng said...

CK

So far only HwangDBS has sell call,TP 2.08

hng said...

Teng

I certainly hope OSK Property will deliver good set of result, especial give first impressive undiluted EPS against its current share price + dividend

hng said...

Teng

The sell call is from RHB

Teng said...

Hng

WCT-Thanks for correction

Gark said...

The RHB report on WCT is flawed, all the profit assumption is derived from the construction business only. They did not even mention the investment property contribution. :(

cheeheng said...

hng,

follow u again, bought mnrb@rm2.99.

hng said...

Teng

Hapseng closed at 1.70, unable to make contra play these time :(

hng said...

cheeheng

MNRB currently trade cum dividend of 17sen, very similar to Pos which at that time also trade cum 17.5sen. Hope MNRN will replicate Pos performance

Teng said...

Hng

Good enough you made two rounds. For me,it is just intra day gains

Teng said...

Hng

Today sold WCT at 2.52 for contra gain. I was first to queue at this price. Afternoon wanted to sell WCT-wb at 29 ( I want to switch warrant to mother) but not done. Tomorrow will try to sell warrant and buy mother

cheeheng said...

hng

hope so,sold wct @rm 2.55,sold genting @rm 8.97.still keep faber,wait fr higher prices to sell. free more cash to buy more mnrb :D

Teng said...

Hng

WCT secured contract value at MYR1 billion. Hope can sell WB at 30 tomorrow.

WTK today at 1.15-1.16. May grab some tomorrow

hng said...

Teng

That is very very good news for WCT, order book YTD double from 1b to 2b and still potential to secure more by end of these year.

WCT share must be able to surpass at least 2.55 tomorrow, challenge 2.60.

hng said...

Teng

Initially, sold almost all WCT-WB at 29-29.5sen, but later manage to buyback at 28.5sen. Currently still keep about 2/3 of WCT-WB.

If tomorrow WCT able to surpass 2.55 and stay above 2.60, I'll likely to keep WCT-WB for longer term, as still attracted by potential multiple 5 digit profit

hng said...

WCT Berhad (“WCT” or “the Company”) is pleased to announce that it has in joint-venture with Oman Roads Engineering Company LLC (the “Joint Venture”) (on an 80:20 unincorporated joint venture basis), on 15 August 2012 received a letter from the Ministry of Transport and Communications, Tender Department at Muscat, of the Sultanate of Oman (“the Employer”) notifying us of the acceptance of our Tender for the Construction and Completion of Batinah Expressway – Package 2, in the Sultanate of Oman (the “Project”) subject to the conditions as set out therein and upon such further terms and conditions as shall be stipulated in the contract documents to be entered into between the Joint Venture and the Employer for the Project (the “Contract”). The Joint Venture is required to coordinate with the Employer to complete the remainder of the procedures. The Contract sum in Omani Riyals is RO123,223,173.422 (Omani Riyals One Hundred Twenty Three Million Two Hundred Twenty Three Thousand One Hundred Seventy Three and Four Hundred Twenty Two Baiza) (approximately equivalent to RM1,004,256,000.00 - Ringgit Malaysia One Billion Four Million Two Hundred Fifty Six Thousand).

hng said...

Teng

Our OSK property also reported commendable Q2, EPS=3.45sen. What is exciting is that OSK property proposed double up dividend from 2.5sen to 5sen !!!!!!!!!!

All our right and bonus all entitle to these dividend, another scenario similar to Tambun, whereby all right also entitle to dividend.

Teng said...

Hng

Not able to sell WCT-WB at 29 cents today is blessing for me.Hope tomorrow wb going up faster than mother. I prefer mother as wb has another 8 months to its expiry date

OSKProp reported 60% drop in profit compare to same peirod last year. Any exceptional item last year?EPS of 3.45cents still impressive. 5 cents less tax dividend proposed

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