Sunday, August 12, 2012

KASSETS - Can Someone Clarify This ??




1. KASSETS - Will trying to buy this but i am concern on Tay SK questions below. Is that true that Capital Repayment take 6 months to realize and distribution of IGB REIT take a month to complete from listing date?? If that is so, capital will be tied down for sometime :( We might lose out opportunity time if somehow there is one come around. :( Can someone clarify this ??

Tay SK said...
I was wondering why people would be buying ABOVE the value of 8.98 for KASSETS. Why give it a premium when IGBREIT at 1.25 is only giving indicative yield of 5.1%? i scare there is not much upside to the igbreit price anymore. Frm my knowledge, the capital repayment will take place within 6 months so your 25% capital will "locked in" without earning money if buying at a premium. I note that the distribution in specie may take up to a month frm listing date to be completed. Please correct me if wrong. :)

2. FABER - Bought in at RM1.32. ^^ :). Join in the club.

3. RCECAP - Sold all at 0.475. Half sen profit. ^^ :)

4. OSKPROP - Offering Condominiums and unique waterfront & garden-front luxury villas in Cyberjaya. Understand that phase 1 Condominiums already sold out and phase 2 is now open for sale. The Luxury Villas is from 1.4m onwards. Wow truly high class and unique. Hope this is a vibrant village and coming 2Q will have better result. ^^ :)

5. WCT - Congratz to hng and those that join in the club. Looks very promising. ^^ :) Multi-5 figures profit should be reachable. All the best to all.

6. Watch List - KASSETS, OSKPROP, WCT, FABER, RCECAP

7. Good Luck !!!







44 comments:

horse said...

I notice a lot of old timer here. Some has experienced of more than 10 years stock investment. Glad to say that i fall into this group as well. ^^ :)
All old timers welcome your comments here. Your comments will surely enhance the value and benefit others.
Thanks a lot, especially to hng and Teng. Particularly to hng, did not notice that we both have been investment mate for so long already, time really fly. ^^ ;)

horse said...

SINGAPORE--Genting Singapore PLC's (G13.SG) second-quarter net profit slumped 32% from a year earlier due mainly to lower premium-gambler volume and higher costs from ongoing expansion works at its integrated resort, the casino operator said Friday.

The company, which runs the Resorts World Sentosa casino resort in Singapore, reported a net profit of 165.5 million Singapore dollars (US$132.8 million) for the three months ended June 30, compared with S$242.9 million.

Second-quarter earnings before interest, tax, depreciation and amortization were S$311 million compared with S$345.8 million a year ago. The result was also 17.4% lower than Ebitda of S$376.4 million in the first quarter.

A decline in casino business volumes especially in the premium-player segment weighed on earnings, the company said in a statement. The result also missed the S$373 million average Ebitda estimate of a Dow Jones Newswires poll of five analysts.

Resorts World Sentosa contributed S$313.1 million in Ebitda.

Group revenue for the period fell 3.6% to S$702.2 million, while gaming revenue from the casino--which opened in February 2010--fell 3.7% to S$562.3 million.

"The global economy looks increasingly unfavorable...we will continue to see similar narrower EBITDA margins as in the current quarter," Genting Singapore said in the statement.

"The group's cash position today is healthy. In an economically challenging environment, such a good cash standing presents significant advantage for the group to capitalise on any suitable investment opportunities," the casino operator said.

Teng said...

Horse

Capital repayment may need some time,but not sure it will take 6 month.One reason is capital repayment may need corut approval. Reports by PacMas

PacificMas told Bursa Malaysia the repayment was approved by shareholders at an EGM on May 16 and confirmed by the High Court on Aug 2.

hng said...

horse

I also can't really recalled since when i join your blog, perhaps one day will go back to your earlier blog and look back my first comment, should be very memorable :)

hng said...

horse

In regard to your concern, i think you will get more precise information if you can make call to either one of them Kassest, IGB or underwriter, CIMB.

hng said...

Teng

WCT remain strong, in fact getting more convincing that it will stay above 2.55 level now, with next target 2.80

hng said...

Teng

I think some E&O shareholder have yet to give up all hope, still confident on new SC chairman to reversing decision, and 'ORDER' Sime to MGO E&O! or instead still wanna to wait for court order

hng said...

Teng

After lagging behind many time, i think WCT-WB should be able to follow its underlying share, WCT more closely.

Teng said...

Hng

Again WCT-WB is lagging behind mother.But it should play the catch up anytime

Tay SK said...

Horse
You can see Kassets circular to shareholders dated 5 June 2012. At item 13 page28,, is shown an estimated timeframe for this Corporate proposal. This is just the maximum timeframe and it may be completed earlier?

Teng said...

Hng

Even if court decision favor minority,I am quite sure Sime will appeal.This process will take years

hng said...

Teng

I suspect these whole episode is play by CIMB, as E&O-CA is going to expire in 27 Aug, 7days trading days ahead, it has up from 0.05sen to highest 20sen, a 4000% increase

hng said...

Teng & horse

Faber rebound speed encounter many seller ahead, but soon or later it should be normalize and back to 1.40

Teng said...

Hng

I agree with you on E&O CA

Now E&O is about 1.60,which is exercise price for CA. If price remain at 1.60 or below,then issuer need not pay single cent to holder

Teng said...

Hng

No hurry to sell Faber unless it is very strong like Pwroot

This month I will receive dividend from Starreit,Twrreit,UOAReit,Pbbank and should have more fund to keep stocks

OSKProp-At what price you will consider start selling OSKProp and its warrant?

cheeheng said...

yeah,faber at current price still undervalue,should trade higher whn sellers exhausted....just hold till price nears rm 1.50 or above.If price drop to rm 1.30 or blw thn buy more... :-D

hng said...

Teng

It is much more dangerous than invest in MSM, as long the share price is much higher than exercise price, investor still can absorb risk between +1sen/-1sen. But if share price is very close to exercise price, the investor exposed themselves to either gain 1sen or risk of total loss all capital in CA

Teng said...

Hng

At this time,I won't touch E&O and its CWS

hng said...

Teng

It all depend on upcoming OSK property Q2 result, which could come with interim dividend of at least 2.5sen.

hng said...

Teng

I think CIMB will continue active manipulate, to try to make E&O stay above 1.60, attracting risk taker to absorb CA till last 2 day, bashed down E&O below 1.60, make CA worthless.

hng said...

cheeheng

Agreed, Faber should worth more and please don't surprise if anytime from now, Faber just release news of successful granted extension for its concession, then stock will unleash, skyrocket high :)

ck5354 said...

hng

where u got the news faber extension???

Not yet annouced

cheeheng said...

hng,

i use to own faber yrs ago whn it was trading blw rm 0.90.Whn mkt is bullish faber can trade as high as rm 1.90 -rm 2.00.Did u know that Tabung Haji bought their 9.9 % stake in faber @ rm 1.90 !

hng said...

ck5354

My sentence a bit mislead, i should said market should not caught surprise if anytime from now faber will get these long overdue concession renewal.

hng said...

Cheeheng

Lembaga Tabung Haji emerge as substantial shareholder of Faber after its acquire these block of stake from Universal Trustee, which until now still disposed some Faber in open market.

hng said...

CheeHeng

Faber start flying above 2.00, i think last 2-3year ago after its secure IMF project in UAE, which however, after 1 year, facing premature termination in contract and stock slumping back again

cheeheng said...

hng,

there is more downside to klci thn upside at these 1650 level.most stks look expensive oredi,even reits like cmmt,pavreit & sunreit are not attractive based on their yield.Prefer stareit,arreit,twreit bcoz the yield is still 6-7%.

hng said...

cheeheng

That is reason why we need to select and pick those stock that still trade at reasonable valuation. PE between 5-10x still consider safer, especially stock cum with yield of 4-6%. Anther pull factors is there is EPS growth in next 2-3, ensuring earning visibly such as Properties stock with large unbilled sale and construction stocks with multiple year orderbook outstanding remain my preferred target

cheeheng said...

hng,

u still holding huayang u bought@ rm 1.87? i still holding it.

cheeheng said...

hng,

like horse, i'm a lazy bum,prefer to buy reits earning regular income without having to monitor all the time.

hng said...

cheeheng

If you follow my trading style long enough. you will notice i seldom keep share for too long. I 'm full time trader, actively trade stocks, realize/cut profit/loss fast to growth/protect capital. Through compounding effect, i'm aim to one day progress from current financial independent to financial freedom.

hng said...

Cheeheng

However, so after i achieve my goal, i will slow down significantly, will invest most of capital to conservative assets class, Bond/fixed income, REITs derived steady recurring income, invest in shop lot or apartment for rental collection

cheeheng said...

hng

yes, i notice that.If u hold a bit longer ,u would've made more on stks like tambun,pos,uoadev n others. oh well,u cant win them all.As long as u make a profit,good enuff, right? ....:)

Teng said...

Hng/CheeHeng

Based on Hng kind of investment,he probably make the same or even more compare to those holding good stock for long term

If Hng can make 5% on his trading,base on 80% of cash invested,he makes 4% out of his total capital. This work out almost 50% return per annum.If we take out some months where market is not so good,Hng still can make 25-30% per annum. This is Hng target,which can be easliy achieved

hng said...

chenheng/Teng

The ultimate aim is to consistently make money on wining stock, the margin could small, but with big volume, the accumulative absolute return still rewarding.

I've already set exit price the moment i make entry into particular stock, but sometime i will adjust either lower or higher selling price depending on factors like market sentiment, emotion, rise of better other opportunity stock etc

Gark said...

Sold all POS at 3.15...nice profit :)

hng said...

Gark

Well done! congrats.

Gark said...

Well many thanks to you for the conviction to buy POS in the first place. ;)

hng said...

Gark

We all share information together and with each one contribute some effort, we can minimize risk and 'Huat' together :)

Teng said...

Gark

You are probably the one who sold POS >3

Teng said...

Hng

Your made right decision by cutting loss on Annjoo.It is now 1.51/2.I still hold on to AnnJoo

Teng said...

Horse/Hng

MSM now 5.25

Call warrants that expire this month are MBSB and Affin( I only list those still in the money.Don;t think out of money CW manipulated by issuers). Reserve some funds to buy cheap stocks if MBSB and Affin price under selling pressure between Aug25-29

hng said...

Teng

We cannot have 100% right in each stock selection. We only can minimize the risk.

It is a lot more comfort for someone to decide to buy particular stock if already done research on it. But, even we equp ourselves with lot of information about the stock, we only have 50% odds in our favor, the other depend on external factors or inherent business risk which out of control.

Therefore, it make people more easy to buy stock, but it will be uphill task to sell stock if to realize loss.

Teng said...

Hng

Ya,you are right.We prepare our best but sometimes outcome is not within our expectation

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