Friday, August 3, 2012

Patience is A Virtue



1. MSM - Aiyah, if i have the patient to wait a little bit longer. ^^ Too bad sold all of them at RM5.11. Eagerly want to free up more cash for OSKPROP-OR, liquidated too early.

2. OSKPROP-OR - Bought in at RM2.47 and sold at RM2.55. Make a quick contra profit. ^^ :)

3. YTLP-WB - Queue at 0.58 but not done. :( Congratz to hng & Teng, half a cent profit now. :)

4. CK, i don't like N2N platform, it make my execution of trades too slow. I still prefer ExcelForce platform, in which i can standby my buy/sell queue when i am ready to attack/liquidate. HLE has a very stable trading platform, you should consider this rather than MBB.

5. Watch list - WCT, YTLP-WB, OSKPROP-OR, WTK

6. Watching our Dato Lee against Chen Loon now. Good luck. !!

104 comments:

Teng said...

POS>3. Hng's stocks recommendation always perform well

hng said...

Bought more YTL at 1.77

hng said...

Teng

Today, YTL buying momentum seem quit strong, target to surpass 1.80

Teng said...

Hng

Think so. If YTL buy back its share today,should be no problem to >180.

Tempted to buy WTK but want to reserve funds for OSKProp OR

Teng said...

Bought some WTK at 1.17.

hng said...

Teng

Look at WCT....

LTH already emerge as substantial shareholder, if these fund continue buying WCT, share could be re-rating

hng said...

Seller keep come out, WTK need more momentum to withstand, wait for major shareholder show power....

hng said...

Rebound in OSK property share price could render support to its OR to continue perform

Teng said...

Hng

OSKProp-OR price seems stabel at 2.60 level.Guess I have to wat till last 2 days of trading to get good price.If not,just have to be happy with my buy at 2.48 on first day of trading

WCT is above its 2.50 support level. Your target of 5digit gains should be realised soon

hng said...

Bought a little more WCT-WB at 30sen, just manage to rank top 30 largest warrant holder.

Teng said...

Sold YTL at 180,free up more fund for OSKProp

hng said...

Teng

You can opt for all right subscription to average down your holding cost on OSK property. By the time warrant is listing, very likely we all laughing all the way to the bank

hng said...

Teng

Initially q to sell at 1.80, but now already reversed upward 2 sen to sell at 1.82

hng said...

YTL at 1.81 now

Teng said...

Hng

Your YTL can sell 180 now. Last friday not able to sell at 1.78 is blessing

Teng said...

Hng

Waiting for opportunity to buy OSKProp OR

hng said...

I think need to revised YTL up further

hng said...

YTL a 1.82 now

Teng said...

Hng

1.82 should be no problem today

Teng said...

Hng

I mean reserve fund for OSKProp rights.At this time,I think OR is better choice even OSKProp mother is <1 ( 98 cents now)

If I invest 10,000 shares in OR,my cost after right issue is RM36K. Assuming warrant is 25cents,cost of OSKProp is 95 cents. If warrant is 28cents,cost is 93 cents.

Hng-Is 25-28cents estimate for warrant is reasonable?

hng said...

Teng

As mention earlier, newly listed warrant normally command at least 30% premium. But it also depend on underlying share performance after listing. If OSK property can stay above RM 1.00, warrant could potential trade at 30sen based on 30% premium.

I think given time, OSK property should have no problem stay above RM 1.00, especial with so much unbilled at RM800m, and is still growing as the its all its property are very well received, almost all reach 100% take up rate.

If wanna to sell, advice to wait little longer especially the last 1-2 day of trading, investor will appreciate OR potential more.

Teng said...

Hng

I will prob keep OSKProp mother and buy more OSKProp-OR

hng said...

Selling pressure on OSK property already ease off, those wanna to swap from OSK property to OR already done so.

hng said...

Teng

If wanna to buy OSK property-OR, please act fast now....

hng said...

OR play catch up to reflect its true value now

Teng said...

I am sitting on handsome paper gains on OSKProp-OR I bought at 2.48. After subscribing its right issue,I think I at least breakeven if OSKProp at ~1 and warrant 25-30cents

hng said...

Q YTL at 1.83, otherwise already match at 1.82 for today and last week stake :)

hng said...

OSK property just adds oil to its OR, stay at RM 1.00. Every 1 sen increment in share will translate to triple effect on its OR

hng said...

Teng

are you still keeping Pos? at 3.07 already. Good for some one adopt buy and hold.

Teng said...

Hng

YTL-You should have no regret as last week you wanted to sell 1.78

I calculated my average cost of OSKProp after I convert/subscribe to right issue( from OR bought in open market and OSKProp at bought at average 1.28). If warrant trade at 25 cents,my cost is only 95.4 cents!!! Guess buying OR at 2.48 really lower down my cost

Teng said...

Hng

I sold all POS. I rememeber POS is 80-90% of your portfolio. At that time,I was like stunt.You must be very confident in POS. I dare not put >50% in single stock

Pwroot even better. 90 cents this morning

hng said...

YTL stay above 1.82 :)

wanna to maximum profit on YTL today

hng said...

Teng

Lets seem whether or not there is really 1 sen increment in OSK property translate to 3 sen in its OR

Teng said...

Hng

Your YTL 1.83 seem not impossible dream

OSKProperty-I think at current level,I aleady make good profit.My decision to ask my wife to buy OR at 2.48 is good.

hng said...

PWROOT upsurge is due to 50% increment in EPS, share price must catch up to be in tandem with its excellent financial performance. Its peers oldtown trade at rich valuation of 15x, PWROOT should trade at least 10x after take into account of its smaller business, absence in retail franchise and lower liquidity

hng said...

Teng

Not only Pos i missed maximum value, other stocks like Tambun, UOAdev also fail to recognized highest of their value. But i've no regret , its is my trading strategy, now my 2/3 capital concentrate on OSK property-OR, hopefully it could compensate my 'paper loss' on Pos, Rambun and UOAdev

hng said...

Sold today YTL at 1.82, realize handymen intraday gain first

Teng said...

Hng

Ya,'paper loss' esp Pwroot

hng said...

Teng

I think if not for your traveling to JB, you could stock up even more OR at last time. I've at that time keep telling cyberfriend to buy anything below 2.50, which i keep accumulating

OneX said...

Hng

Thanks. I managed to follow u bought Oskprop-Or on that day 2nd August. But my buying is only small 3 lots only (3k). What i did is buying from people who sell thru odd lot. I keep buying 99 units in odd lot until 3k and the cost was 2.46. Today sell all at 2.70. Small profit for contra gain.

Derick said...

I think more people aware the true value of the Osk prop-OR . Price is going up. :-)

Teng said...

Hng

Yes,probably buy more if not travelling.Difficult to advise my wife to buy/sell when not in front of computer

Teng said...

OneX

Did you buy odd lot through phone?I called Maybank Investment if I could buy odd lot online,and answer is NO. I can see odd lot info online but to buy/sell,have to call

ck5354 said...

dijacor start picking up

OneX said...

Teng

Thru online. Am using Itradecimb clicktrader acc.

Tq

Teng said...

OneX

Aiyo.Seem like to have to open another online account.HLIB,AMIB or CIMB

Teng said...

Hope all comcades and Kawan kawan of this blog already bought enought ( or at least some) OSKProp-OR. At 270 level,only small advantage for me to switch from mother to OR.But for those who confident OSKProp will go to 1.05-1.10,OSKProp-OR still good buy.

alwayswin111 said...

Teng , hng, Horse
Congrat. All of u making good money on oskprop or

hng said...

Teng

Based on current OSK prop OR at 2.72, portfolio have already on handsome paper profit.

But i still intend to subscript my entitlement as i think after listing, portfolio will reap even more profit. (Adopt Buy and hold strategy now )

I view of need of capital to subscribe OR, i need to cut loss on Ann Joo, sold off all Annm Joo at 1.58-1.59, realize nearly 2.5k loss and sold off all last week YTL ,at 1.82, realize contra gain to compensate loss in Ann Joo

ck5354 said...

wtk buyer came liao.

But can not buy due to high brokerage. Kanasai

Teng said...

Hng

I still holding AnnJoo( bought at 1.59)

Will subscribe to OSKProp OR

hng said...

Teng

When some to investing in stock, always short of capital to invest all targeted stock. One have to give up some in order to pick up others :(

Teng said...

Hng

YTL 1.83 sapu and still going strong

hng said...

Teng

After 5, check whether today buying momentum is due to YTL share buyback

hng said...

Teng

Have you sell your WTK for intraday gain ?

Teng said...

Hng

YTL-If not share buy back,got such big volume?

Still holding WTK.Hope to sell 1.19

unavailable kaito said...

Did u all notice IJMPLANT?

Gark said...

Sold 1/2 of POS at 3.08...

Teng said...

Kaito

Interesting.I believe transaction of 2.63-2.80 are forced selling?But IJMPlant is not target counter for speculator.

TheEdge recommended this stock 2-3 months ago

hng said...

Teng

No share buyback, YTL today strong buying interest could be solely from our own EPF.... price down: selling; price up: buying

Teng said...

Hng

I also check bursa announcement,no share buyback.

horse said...

Hi All,

No trading from me today.

OSKPROP going very strong today. :)
Still keeping bulk of it.

See OR keep going up decide to give up buying. :(

horse said...

COngratz hng on your YTL. :) ^^

I am still waiting for my fund to return from MSM-CA. :(

POS doing very well as well, same goes to PWROOT. Too bad no more holdings on these. :(

horse said...

hng & Teng,

It look like OSKPROP indeed on the ratio of 1:3 to OR, Every 1sen like almost 3sen to OR. Good indicator for us to gauge both of them. ^^

horse said...

There will be no posting from me today. However, would like to highlight below :-

WATCH LIST - Dijarco (by CK), WTK, YTL, OSKPROP & OR, WCT-WB, AMPROP, YTLP-WB

Good Luck guy !! ^^

Teng said...

Amfirst right issue will be listed tomorrow.But my Maybank online still show zero shares.Called Maybank last week if my application for excess successful,staff was not sure. 2-3 years ago,Maybank only credited my share 1 or 2 days after right issue listing ( for Maybank and Axiata RI)

hng said...

horse

I still got YTL Power-WB that bought last week at 58.5sen. Hopefully tomorrow will be YTL power and its warrant to play catch up

hng said...

Teng

You should be able to check your status by tomorrow after 8.30am

Teng said...

Hng

Good.If excess accepted,it will be in my Maybank tomorrow as well?

I also hold YTLPower-WB,cost 58.5-59

hng said...

Teng

You have to manually count how many unit you are entitle, and any extra will be from your excess application. If is partially successful, Amfirst will refund another partial of your extra application back to your account within 7 working days

Teng said...

Hng

I apply 3440 excess for Amfirst and allocated 970 shares. Not bad as easily make RM200 from this.

7days from Amfirst to Maybank.Then Maybank takes another ~7 days

Teng said...

Error.I applied 3400 excess and given 970. Why they create odd lot?I thought odd in prospetus they try to minimise odd lot

hng said...

Teng

It would just take 7 working from Amfrist directly to your Maybank account.

hng said...

WCT notes rated AA-

Its existing debt and sukuk ratings reaffirmed by MARC

KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has assigned a preliminary rating of AA- to WCT Bhd's proposed RM1bil 15-year medium-term notes (MTN) programme. The rating carries a stable outlook. Concurrently, MARC has affirmed its existing debt and sukuk ratings with a stable outlook on WCT's outstanding issuances.

In a statement, MARC said the ratings reflected the consolidated credit profile of the WCT group of entities, including its position as one of the largest domestic construction companies, sustained construction margins and comfortable liquidity position.

“Partially offsetting these factors are the downward trajectory of its revenue, its negative free cashflow and its rising debt level since 2010,” it said.

The rating agency said while WCT continued to expand its property investment portfolio and operations, its construction operations continued to account for the larger part of group revenue and profit. Its construction operations accounted for 78.4% of its revenue and 63.5% of the consolidated operating profit of all business segments in 2011.

“Nonetheless, the degree to which WCT is able to build a recurring and adequate income stream from its expanding investment property portfolio and derive satisfactory earnings and cashflow from its property development operations will become increasingly important rating drivers for WCT.”

“WCT's earnings diversification plan envisages increasing the contribution of its property development and property investment segments to a combined 50% of total group operating profit by 2016. The pursuit of WCT's diversification strategy, as evidenced by continued land bank acquisitions and the somewhat aggressive expansion of its investment properties portfolio, has contributed to pressure on its free cashflow generation and debt service coverage metrics,” MARC said.

It said WCT's outstanding order book had exhibited a sustained trend of shorter duration of construction work against a backdrop of lower construction spending. Nonetheless, MARC noted an improved level of order book replenishment in the first three months of 2012 compared with a year earlier.

As at March 31, WCT's work in hand stood at RM2.8bil, providing earnings visibility for the next 30 months, compared with RM2.5bil as at end-2011.

MARC said WCT would fund its 2013 debt repayments with the proceeds from the issue of notes under the proposed MTN programme. “Its free cashflow continues to be negative, its cash balances dropped to RM788.7mil at end-2011. WCT's borrowings are expected to rise above RM1.5bil upon full drawdown of the notes under the MTN programme.”

It added that on a pro-forma basis, WCT's net debt-to-equity ratio could peak at 0.56 times. The MTN programme is expected to provide WCT with significant financial flexibility until its revenue growth from its property development and property investment segments can match the debt servicing needs of additional debt required during its investment phase.

“In the near-to-intermediate term during WCT's investment phase, the group's consolidated financial profile will likely remain under pressure,” MARC said.

It said the stable rating outlook reflected the expectation that group revenue and earnings would remain satisfactory, and that WCT's debt leverage would remain at prudent levels

Teng said...

Hng

I thought Amfirst will credit into Maybank Investment( I am using Investment not Securities)fisrt,and Maybank Investment will then transfer into my account.

For call warrants settlement,it takes longer than direct account

hng said...

Teng

As far i know, it take just 7 working for refund in Pbbank

hng said...

Seem Amfirst investor locking 5% profit margin now.

Teng said...

Hng

I think AMfirst will see selling pressure next few days. Support should be 1.00

Teng said...

Hng

Any development in YTL?Maybe drink TOngkat Alicafe 185/6 now

hng said...

Teng

I thought you will also like to locking your profit on Amfirst first. But, there is just very mild selling pressure, afterall investing for long term to enjoy steady income is the primary objective invest in REITS

hng said...

YTL continue strong, miss out again to maximum value on it :(

Teng said...

Hng

I just hold on to Amfirst for its dividen.Keeping money in FD is no good now

hng said...

Teng

The same article about YTL is reap to privatized YTL Power, which first published by Nanyang press, follow by The Edge, recycle again publish in last Saturday Bizstar and again today in SinChew

The main purposed are to make sure no one newspaper reader miss out these news and to cover as far as possible :)

Teng said...

Hng

Rumours will one day become reality?

I read an article that YTLPower is not signing power agreement extension( this come with lower tariff)with TNB.What is YTLPower going to do with power plant if it can;t sell electricity to TNB??

hng said...

Teng

Lets caourt the impact on Amfirst right share on dividend payout.

Based on last quarterly result of EPS, excluding revaluation surplus, RM10.9M, Annualized earning is about RM43.6M。

Interest saving from fund raising is RM8.9M。

Total earning estimate to be =RM43.6M + RM8.9M = RM52.5M
Enlarge share volume = 686.4m

EPS = RM52.5M / 686.4M = RM0.0765

Based on last closing price RM1.07 yield is 7.15%, the net yield after withholding tax of 10% is 6.4%。

Teng said...

Hng

I remember AMfirst propose to buy properties in Cyberjaya. Part of proceeds from right issue will be used for the acquisition?If property acquired give better return than 8%,then Amfirst can pay higher dividen

hng said...

Teng

If no extension is granted due to lower internal return of single digit (9%) compared to their exiting agreement of 16%.

YTL power still have option to lease out its exiting power plant facility to those winner. YTL power just collect rental and avoid exposure to political risk.

Current Malaysia power just contribute less than 20% of its PBT, which could easily compensate by its growing 'Yes' which should breakeven very soon with 1Bestarinet projects. Regular fixed rental payment by MOE to YTL power for a total 10k schools should be more than enough to cover shortfall from IPP but fund its growing Yes market

hng said...

Bought WCT at 2.46

Teng said...

Hng

very quiet for this blog followers.

I just back from lunch appointment.If OSKProp-OR price back to 260 level,and mother around 1,I still interest to switch.Again,concern about GE.But I think OSKProp RI will be completed by mid Sept?

hng said...

Teng

The listing date in on 4 Sept

Teng said...

Hng

Good. If Parliment dissolve after Raya,then EC will at least take 1 week to annoucement election date. Nomintaion day,campaign period of 7-10 days add up will at 20+ days.

hng said...

Teng

I think the GE will be held on Oct, after PM table budget 2013.

hng said...

I think if LCW won Olympic Gold Medal, PM may bring forward the GE as to capitalize on the whole of Msia will feel good factors. But, too bad LCW get distracted from the presence of fat Mama.

Teng said...

Hng

Possible.Latest I got from twitter is parliment dissolve after Raya. Election date maybe Oct. Assuming dissolve Aug30,then EC take time to have meeting,decide nomination and voting date.

Teng said...

Hng

Najib takes clues from LCW??I like this

Also reported Najib want to have golf with Tiger Woods if he is FREE

cheeheng said...

guys,so many possibilities fOr timing of GE............might as well focus on stk picking...

cheeheng said...

follow hng,bought some WCT@2.47..

hng said...

Teng

I don't think PM will dissolve parliament after Hari Raya. It will fully make use of its power to deliver budget 2013 on 28 Sept to be judicious in dishing out “goodies” as last sort of strategy to win back vote. Immediate after budget, then only dissolve Parliament and held GE end of Oct. Of course, anything can happen in political...

cheeheng said...

yeah....more goodies...like BRIM..

Tay SK said...

Hi guys. Just back from long weekend. No trades. But read news that IGB Reit ipo will open for application frm 23 Aug. Retail price at rm 1.25. Hai, expensive la but i will still apply hehe.

cheeheng said...

rm 1.25? manyak mahal,but i still will apply...

cheeheng said...

BTW,tay sk,where did u read about igb reit?

Tay SK said...

Cheeheng
I first saw from lowyat reit forum today. Got link to nanyang news n also the prospectus link but i can't paste the link as I am using iphone here.

cheeheng said...

thanks,tay sk

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