Monday, September 24, 2012

WOW !! Overall Market Tumble !



1. IGBREIT - Bought back at RM1.38. Hope to make some profit here. ^^

2. Look like i was totally wrong this month. I thought it should be a good month to trade but ended up the hardest. Most of my holdings in paper loss now. :( except for longterm counters. ^^ Budget will be announced coming this Friday, those that slump in price now would probably anticipated thier fate could be impacted in the budget announcement, either in increasing of their sin tax or curbing on thier sales that in turn affecting thier overall revenue. :( Nevertheless, the market always react ahead of what it is going to happen next. I believe by time PM announcing the budget, most of the badly bashed down counters will be recovered, so i believe it will be a temporary set back for now. Hope i am correct here. Just making a wild guess. ^^
 
3. I will trades less this week in conjunction with the budget announcement. Just hope that everything stay normal before the GE come. ^^
 
4. Watch List - IGB, IGBREIT, UEMLAND, UOADEV
 
5. As mentioned earlier my friend was so lucky that he gotten IGBREIT IPO of 20K units. I was giving another treat by him on the listing day of IGBREIT. ^^ I might apply ASTRO IPO, last day of application is on 1/10/2012.
 
6. Good Luck all.

31 comments:

Teng said...

Yes,Glomac coming,and keep yr momentum

Teng said...

hopeless Glomac

hng said...

Teng

Upcoming Glomac earning may see some dilution as it have sold its treasury share to LTH. But glomac also recognizes one off gain of about 1sen (treasury share at cost 81sen, sold to LTH at 82sen)

hng said...

Market indeed volatile, slump another 8pts. but soon recover back to positive territory

Teng said...

Hng

Can company sell treasury share to 3rd party?I guess it depends on the resolution when EGM passed the share buy back. Some sell back share at open market,some give as share dividend and company can cancel share as well

hng said...

I may need to sell some Kulim in order to normalize portfolio position.

Teng said...

Dijaya OR traded today. Was considering to grab at 1 cent 30 mins ago. Subscribe 4 right issue @1.2,free 1 bonus. Not so attractive as mother only 1.01/2

hng said...

Teng

I think company have own discretion, selling through open market is just as same as selling to institution company like LTH, except its en bloc sell and its selling to friendly long term investor + continue share buyback = further limit liquidity = demand > supply = share price increase

hng said...

Teng

I'm avoiding to subscribe right share as OSK property give me painful lesson already.

Teng said...

Hng

Kulim is postive today.So timing not bad

I Q UOA at 1.49 morning.Too bad it is now 1.52

hng said...

Teng

Dijaya and BjGroup are sibling company, could dijaya like bjgroup suffer poor subscription rate..

ericng7424 said...

Technical analysis from KENANGA for UOADEV:

Having broken below the RM1.58 “Resistance-Turned-Support” at the end
of last week, UOA Development ("UOAD") extended its loss on Monday to
close at RM1.51 for a 3 sen decline. The share price is now a whisker
away from the upward sloping trendline at RM1.50, a crucial support that
had been tested on six separate occasions. At this level, we would expect
some degree of bargain hunting, and a possible rebound should the
support hold up against further selling pressure. That said, confirmation
of a bullish reversal is required before we advocate a buy on the stock.
On the flipside, a decisive violation of the trend line would signal the end
up the uptrend and hence traders should continue watching the stock
closely.

ericng7424 said...

Technical analysis from KENANGA for UOADEV:

Having broken below the RM1.58 “Resistance-Turned-Support” at the end
of last week, UOA Development ("UOAD") extended its loss on Monday to
close at RM1.51 for a 3 sen decline. The share price is now a whisker
away from the upward sloping trendline at RM1.50, a crucial support that
had been tested on six separate occasions. At this level, we would expect
some degree of bargain hunting, and a possible rebound should the
support hold up against further selling pressure. That said, confirmation
of a bullish reversal is required before we advocate a buy on the stock.
On the flipside, a decisive violation of the trend line would signal the end
up the uptrend and hence traders should continue watching the stock
closely.

ericng7424 said...

HEKTAR rights 98.94% subscribed, applied excess for 6000 units, looks no chance. Yesterday see weakness on SIME, bought some SIME at 9.65. Today bought CEPAT at 0.98, am favour plantation, see plantation price could near bottom

Teng said...

Hng

Thanks for the advice.Both Tans companies has few analysts coverage.

Teng said...

Eric

Don;t give up. I applied 3,000 or 4,000 excess for Amfirst,I was given 970 shares. Acceptance also 90+ %

hng said...

Sold off all Kulim at 4.72, realize slim paper profit and free up more margin line

ck5354 said...

ijm kena sell down by investing in scomi

Teng said...

Lucky I did not enter to buy IGB this morning.Wait for it to find bottom

Teng said...

CK

I think IJM is oversold. Total investment only RM140-150mil( stand corrected),and with current IJM share down 37cts,400million market capital gone

hng said...

Teng

I'm also close watch IGB, share should be able to stabilize once reach it hard bottom at 2.15-2.20

ck5354 said...

bought IJM - 1 biji to play at 4.71

hng said...

Bought more Haio at 2.00

Teng said...

haio n ytl has share buyback almost everyday

hng said...

Teng

UOAdev perform within expectation, but UEMland still under perform :(

Currently, UEMland, Haio and UOAdev are my top 3 holding in portfolio

hng said...

Sold some UOAdev at 1.55, realize contra gain

Teng said...

well done Hng

hng said...

Sold off all UOAdev, all at 1.55, realize all contra gain first and free up more margin line

ck5354 said...

4.70 IJM crazy, sold at 4.80

hng said...

ck5354

Market response negatively to IJM investment in Scomi as it is perceived as bailout rather than strategy investment. Scomi debt rating downgrade due to unable to poor financial to meet bond repayment, IJM stake investment in scomi is just timely to help it meet the upcoming bond.

Teng said...

Hng

It is sure bailout. Why IJM want to invest in Scomi?Also,with 10% stake,they are not largest shareholder,and I doubt they will have management control( best is have board member).Still think today IJM is oversold

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