Monday, August 13, 2012

Scalp Trades Dated 13/8/2012



1. FABER - Sold first at RM1.35 and bought all back at RM1.33. 2sen profit. :) ^^ Certainly have high hope on this. Will bang this in and out when opportunity allow. :)

2. RCECAP - 1Q profit drop by 59%. :( Avoid this counter temporary.

3. OSKPROP - Up 2.5sen. :) Looks like confident level has improved. ^^ More upside would be anticipated.

4. KASSETS - Thanks Tay SK for the information on this. Have not buy in this as yet. Still searching for right price to enter. :(

5. POS - Congratz to Gark !!! Managed to sell above RM3+. Ex-date on the 15/8/2012. Tomorrow would likely the last push before settle with ex-price.

6. AFFIN-CF & MBSB-CB - As mentioned by Teng, these two will be expiring on the same date. Of the two, i would prefer AFFIN-CF as the ratio is higher and it would probably be safer as the underlying stock will need to be bashed down more for lesser value of CW and it is VWAMP as such manipulator will need more effort on this. Keep a close eye on this. ^^ :)

7. E&O - Avoid this at the moment. :(

8. WCT - Need to breach RM2.60 hurdle before commanding more up surge.

9. Watch List - OSKPROP, WCT, KASSETS, FABER, ARREIT

10. Good Luck. !!!

61 comments:

tcg82 said...

hng/horse,
faber, join you guys at 1.32
tienwah/guh good set of numbers plus consistent div, can watch these 2
alam/coastal, possible recovery? thx

horse said...

Thks tcg82. Welcome to the Faber club. ^^

Watch AMPROP as well. ^^

Bubble Tea said...

Yes congrats, Gark for Pos on higer price.Sold mine at 3.08 early this morning and grabbed faber at 1.33.
Thanks to everyone here for the sharing & make $$$ together.

Teng said...

Horse

Surprised to know CWs are VWAMP.However,I can't get term sheet from CIMB Warrant website. I did see from Bursa it is VWAMP.

I would prefer counters that has high volume trading esp with VWAMP. Another counter worth watching is Sime-CO,ratio is 8 and currently trading at almost zero premium/discount

If possible,I normally try to buy 1or 2 days after 5 day average price calculation

horse said...

yes Teng,

It is safe to buy 1 or 2 days when dealing with VWAMP CWs. Practically, if you can buy at -ve premium, you are more or less either breakeven or profit already.

horse said...

Teng,

You seem to be very conservative and careful. It is good to be cautious when dealing with shares investment. ^^

horse said...

Watch KLIM-WC as well.

karimaero said...
This comment has been removed by the author.
karimaero said...

hng,

Joining the Faber geng also bought at 1.32....

I am hoping for some MBSB action also...one of my favorite counter.. ; )

horse said...

wow!!!
Many join Faber club. Hope it fly tomorrow. ^^ :)

Teng said...

Horse

Yes,to some extent I am conversative.I traded CWs because most of it using closing price as average.Again,if premium is -ve,and first day of closing price is good enough,I will buy small quantity and let it settle

Teng said...

Horse

Correction on my earlier post-I traded LESS CWs becasue...

Teng said...

HLIB comment on Faber

At RM1.33, Faber is trading at 7.1x FY13 earnings and offers an attractive dividend yield of 6%, supported by netcash per share of RM0.69. Technically, Faber is grossly oversold and indicators are bottoming up, suggesting near term technical rebound.
Immediate upside target is RM1.40 (mid Bollinger band) and RM1.45 (30-d SMA). A breakout above RM1.45 will spur prices higher to RM1.51 and significant resistance of RM1.59 (200-d SMA). Supports are RM1.25-1.28. Cut loss below RM1.23.

ck5354 said...

q sell ytl at 1.90.

If done, will swap to faber 1.32.

Teng said...

CK

What price you bought YTL?

Gark said...

Wow.. faber is trending lower... why people want to liquidate so fast ah? Especially after a good quarter..

Teng said...

Gark

Good opportunity to accumulate more

ck5354 said...

1.81

Teng said...

CK

Wow,good profit

ck5354 said...

5 biji saja start small

hng said...

Teng

I think today is the T+3 for those bought at 1.30 to take contra profit. After today, faber should be able rebound. Patience is a key now.

hng said...

Teng

Are you still holding Hapseng? stock have fail to rebound back to 1.70, currently waiting for its Q2 result.

Teng said...

Hng

Think so.Faber should rebound after tomorrow

OSKProp is staying above 1.00 currently.Good sign

Teng said...

Hng

Yes,still holding to Hapseng.

I sold 1.75 and bought back 1.72

Teng said...

Hng

I like HapSeng for its diversity(auto trading,plantation,property) and most important its attractive dividend. I met HapSeng senior staff at my condo's gym. She advised me to keep HapSeng for ling term as I told her I made contra gains 2x on HapSeng

hng said...

Teng

Hapseng definitely under my radar screen, It has payout dividend ahead of its Q2 result. I'll wait for its Q2 result to assess right entry price

cheeheng said...

is this a good deal or what? Buy 6000 units Pantech-LA @0.105 n convert to mother shr. 6 x 10.5 =63 sen,mother share now 66 sen.u get 3 sen gain! Also @10.5 sen it has a 6.6 % yield

Teng said...

Hng

WCT should release its financial result this week or after Raya next week?

hng said...

Teng

WCT is expect to release Q2 result by these week, probably either today or tomorrow.

hng said...

cheeheng

If Pantech is convertible now, i think should be good deal, if can convert fast enough may also able to enjoy its dividend.

Teng said...

CheeHeng/Hng

Need to read the prospectus of the loan stock. Not all is convertible anytime

TAGB and TAGB-PA-Can only convert after 3 years. Automatic conversion end of 5 years

hng said...

Teng

Are you still interested in WCT? Stock currently range bound awaiting catalyst from Q2 result.

Teng said...

Hng

I queue WCT-WB at 30 cents since morning





hng said...

Teng


Hope WCT can stay above 2.55, which is currently turn from resistance level to support level.

Teng said...

Hng

If I am right,WCT had earlier made provision for their middle east project.Later reports said WCT may be able to write back some provision

ck5354 said...

Match liao,

q 1.31 faber

cheeheng said...

teng/hng

pantech -la can convert to mother shr anytime.

hng said...

Teng

If WCT manage to write back earlier provision, then it will significantly boost it bottom line and rise its cash pile. However, as the dispute still pending, unless WCT solicitor view it have higher legal ground to win, then it may advice WCT to write back.

Another possible catalyst is that WCT may revalue its newly open Paradigm to reflect its market price. Any revalue surplus will reflect in P&L statement.

hng said...

Perisai is due to release Q2 result, CIMB expect triple earning growth!!!

hng said...

chenheng

If Pantech can be convertible anytime, it certainly good deal. Will consider it.

cheeheng said...

hng

Priced at 10 sen per ICULS. The loan stock carries a 7% coupon rate with a conversion ratio of six to one, exercisable at anytime within a seven-year period.

ck5354 said...

should i adjust up 1.32 for faber???

ck5354 said...

adjust up 1 cent see can get or not FABER

hng said...

ck5354

Although i have no more margin line available to buy any share now, but i keep advice my relative to buy Faber at these level, 1.32.

cheeheng said...

horse/ck5354

kasset now rm 8.85! cheaper entry into igb riets.yeah,hng is right. At 1.32 faber is CHEAP..:)

hng said...

cheeheng

Once absorb all the selling pressure, Faber is due to rebound

Teng said...

Hng

Got WCT-WB at 30cents.It is now 29-29.5 cents now.I think ship is too heavy now??

Teng said...

CheeHeng

Pantech LA is worth to take a look.
7% rate means 0.7 cents for 11sens stock( about 6.5% DY)

I will make some study these two days on Pantech

hng said...

Sold off WCT at 2.54, realize paper profit

Swap margin line to increase stake in WCT-WB, bought more at 29sen

Teng said...

Hng

You must be glad to grab WCT-WB at 29cents. Can sell 30 sens for quick bucks

hng said...

Teng

Still wanna to wait for upcoming WCT Q2 result first. Still keep all WCT-WB

Gark said...

Hng, at the rate you are buying WCT-WB you must be near to 7 figure units already...if it jumps, you will reap huge profits. :)

hng said...

Gark

Frankly, i'm banking a lot on WCT-WB performance now. Every 1 sen increase, translate to nearly 5 digit gain

hng said...

Cheeheng

Faber closed unchanged and noticed that seller getting lesser now. Lets hope Faber rebound soon.

Teng said...

RHB Research

Genting announced yesterday that it will effectively dispose of its 75% equity interest in Genting Sanyen Power (GSP) for RM2.54bn to 1Malaysia Development Bhd (1MDB). Assuming there is no other debt left on GSP’s books, the transaction values GSP at an Enterprise Value per MW (EV/MW) of RM4.7m.
With this benchmark of RM4.7m per EV/MW as a guide for local power assets, we estimate our fair value of YTL Power could increase to RM2.28 (from our current SOP fair value RM2.00 based on DCF for the power assets).
Should 1MDB proceed to acquire YTL Power’s domestic power assets, we see this as a potential catalyst given that its PPA is the first to expire on Sep 2015 and removes uncertainties over its ability to extend its expiring PPA by another 10 years.

hng said...

Teng

I still tight down some capital with YTL Power-WB at 58.5sen, if 1MBD acquire YTL power assets can be realize as soon as possible, Just value YTL Power at 2.00, is already enough for YTL Power-WB to gain 35% handsome return :)

cheeheng said...

hng

yeah,hope so.bought some more faber at 1.31 & 1.32 .

Teng said...

Hng

I thought last week you bought YTLPower-WB at 57.5?

Teng said...

Hng and all

Hope you all read Chinese

(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。

公司副董事經理吳進隆說,股東特大剛通過這項收購案,預定總面積約57.36英畝的3塊地段收購,可於3個月內完成,並經妥善策劃後動工,正式推展則視市場情況而定。

他說,該地段半公里內未來將有兩個輕快鐵站,主要基建已成型,在各大道環繞下有待釋放發展價值;若有機會將繼續尋找適當地點與價格,能釋放價值的地段,這也包括橡膠研究院(RRI)地段。

在這項收購案後,也在萬撓收購約400英畝土地,將釋放15億發展值,作為綜合型城鎮發展;此收購案接近完成階段。

該公司長遠前景亮麗,吳進隆披露,目前未完成建築訂單達35億令吉;至於未完成的110億令吉發展計劃中(可發展10至15年),正在如火如荼進行的發展計劃達60億令吉;而潛在發展計劃則達50億令吉(包括華聯花園綜合商產計劃與越南計劃),這些土地正在完成收購過程。

負債比微揚

目前,該公司淨負債比達0.4倍,這項收購案3億令吉為銀行貸款,1.5億為內部資金,收購行動將使負債比稍微提高,不過仍在管理水平內。

PARADIGM將建辦公樓

吳進隆指出,最近獲大馬交易所批准透過中期票據(MTN)籌資10億令吉,作為營運資本與收購用途;較早另6億令吉中期票據則作為格拉納再也PARADIGM購物廣場與綜合發展計劃,次階段是在該區發展辦公樓。

他並不太擔心產業市場趨軟,而是以長遠角度,按市場需求推出發展計劃。

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。

他表示對洋灰起價不感擔憂,就目前建築情況而言,不預測會有洋灰短缺現象,至於明年是否會短缺則難說,因明年很多計劃或啟動。

談到亞洲發展銀行(ADB)認為大馬在建築與基建有優勢,可考慮到東盟探討契機,吳進隆指出,公司在越南的發展計劃仍在起步階段,有興趣探討印尼與緬甸之契機,並考慮長期耕耘。(星洲日報/財經)

hng said...

Teng

WCT is 'dragon or snake', Q2 result will have result :)

hng said...

Teng

I'm hold more YTL Power at 58.5sen, just little at 57.5sen last week, so average also about that price.

I do hope IMBD can extend offer to buyout YTL Power local power asset,then YTL Power will due re-rating after strip off these uncertain IPP issue.

In the interim, still hope YTL Power can make 'Yes' breakeven in these coming financial result.

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