Thursday, November 22, 2012

Scalping On GLOMAC Again ^^



1. GLOMAC - Keep scalping on GLOMAC. ^^ Bought in at 0.83, sold them off at 0.84. ^^

2. WCT - Wow !!! Most analyst rated with Target Price from within RM3.17 to RM3.75 for WCT, only RHB maintained sell call with Target Price of RM2.17. What a vast difference ? about RM1 from others. Who will prevail in such a big contrast ?? We will wait and see. ^^
 
3. TENAGA - Yes, alwayswin, i am still holding Tenaga. Though it declared 15sen dividend today but no surprise at all, price stay stagnant. :(
 
4. ARREIT - Just declared 1.79sen dividend. ^^
 
5. Warch List - GLOMAC, WCT-WB, TENAGA, ARREIT, WTK
 
6. Gark was right that not many analyst will do report on Company Warrant as it involve time factor that very subjective to everyone's interpretation.
 
7. Good Luck !!!

51 comments:

cheeheng said...

knock,knock....where's e'body?

Derick said...

Hi Chee Heng

Ya. Quiet day. Disappointment of the PJD qtr result. But at least got 5 cts dividend approved.

David said...

Why Tenaga keep droping?

hng said...

PJD disappointed result drag down share price despite dividend declared. The main reason is due to most of the property sale secure these year is still in early stage, the billing should start recognized once progress billing reach more advance stage.

hng said...

Today, add KSL into portfolio, bought at 1.44. Its phase 1 in new Bandar Bestari, Canay Garden in Klang already sold out early these year and its maiden profit should be able to recognized in these coming quarter. KSL resort should also be able to contribute to earning after incur start up loss in last quarter

ck5354 said...

should we sell pjd and swap to other???

hng said...

ck5354

I'll wait and see whether or not PJD continue share buyback. No doubt, current share price already reach all year high, upside limited. Dividend is taxable, so worth less than adjustment on share price.

hng said...

WCT has announce Bonus and free warrant, ex-date on 6 Dec. The exercise price of upcoming WCT-WD at 2.25, while theoretical ex-all price WCT at 2.33.

hng said...

The ex-all theoretical share price of WCT at 2.33 and exercise of upcoming WCT-WD at 2.25 are both match in the circular. Therefore, there should another announcement soon to indicate adjustment on WCT-WB exercise price from 2.50 to 1.85

Jeffrey8568 said...

Hi,

Some news article which could be possible cause the WTK sharp price drop this week.

http://www.sarawakreport.org/2012/11/more-condemnation-of-taib-as-wtk-is-labelled-the-guilty-party-in-record-log-jam/


WTK’S DATUK WONG KIE NAI

Datuk Wong Kie Nai, 67, is currently the chief executive officer and executive director of WTK Holdings Bhd – a family business, specialising in the timber industry that was founded by his father Datuk Wong Tuong Kwang in Sibu in the 1940s. He inherited the family timber business upon his return as a qualified accountant from Sydney, Australia, in the late 1960s.

In an interview with The Star in 2002, Wong, who is of a Foochow background, was quoted as saying: “There is no shortcut to success; it’s purely hard work. It’s not even luck that can help if one wants to be successful.”

Wong apparently is a workaholic, putting in between 10 and 12 hours of work a day, and even worked over the weekends and holidays. Over the years, he has kept a low profile on his private life, preferring to talk about business and work rather than family history.

Together with his two brothers, Datuk Wong Kie Yik and Wong Kie Chie, Kie Nai has played a significant role in the expansion of WTK, growing the logging and timber empire beyond Sarawak and Peninsular Malaysia to countries like Brazil, central Africa and Papua New Guinea. (Kie Yik is a non-executive director and chairman of the board of directors of the company, while Kie Chie is a also non-executive director. Both are substantial shareholders of WTK.) – By Cecilia Kok

Jeffrey8568 said...

Hi,

News below could be the reason of WTK price drop for current month

http://www.sarawakreport.org/2012/11/more-condemnation-of-taib-as-wtk-is-labelled-the-guilty-party-in-record-log-jam/

The UK’s top selling paper the Daily Mail has also taken up the recent report condemning HSBC for bank-rolling Taib’s greedy destruction of Sarawak’s rain forests.

The NGO Global Witness has released a major analysis showing how the bank, which claims to apply ‘green’ principles to its lending criteria, has nevertheless provided lending to such companies as Shin Yang, Ta Ann, WTK and Sarawak Oil Palm.
These are all Taib crony companies which have done untold damage to Sarawak, with little benefit at all going to the people or the state economy.


horse said...

Thanks Jeffrey for the news. :) ^^

horse said...

Did not expect WCT ex so soon. !!
A surprise actually. In that case everything will be happened within this year which i think is good. It is right before election. ^^
After this WB will be very valuable as it is trading 10% discount premium, in other word WB should worth double of current price. Good Luck all. ^^

Gark said...

Fast ex date for WCT.. also no time to bid up the shares. I would think it would be relatively stable after BI and BW. :)

Gark said...

Warrant price adjustment announcement usually on entitlement date which is 10/12. Just 2 more weeks to confirmation.

Chocoanut Production said...

how u guys can earn by selling it after 1 cent gain? by buying a lot?

ck5354 said...

Hi cocoanut,

No need to buy a lot, Buy 10 biji cukup and with low brokerage example malacca securities.

If 1 cents up, you can earn about RM50 above.

horse said...

CK,

What platform is malacca security using ? and what is the rate ?

Chocoanut Production said...

Thanks a lot for your info ck... I assume 10 Biji is 10000 units....

horse said...

Scalp on GLOMAC again.. ^^

Buy at 83sen sold at 83.5sen.

Half sen profit. ^^

ck5354 said...

excel force same as hong leong, min RM 6 or 0.035% until december 2012.

after that will increase to 0.08% or RM 8 still lower than hong leong which charger 0.1% for cash upfront.

ericng7424 said...

Anyone use Share Margin Finance or personal financing for stock trading or investment? What is the rate and is this adviseable?

Gark said...

Seems like the undervalue price of WCT-WB is getting noticed with some chatter on forums...once the buying interest shoots up, everyone will notice.

tcg82 said...

wct/wct-wb momentum today
malton small gain swap to wct-wb
faber still holding

hng said...

Rest assure WCT-WB will be trade upward in due time

Teng said...

WCT-WB kuat

hng said...

WCT-WB and WCT-WC adjustment in exercise price t 1.85 and 2.03, respectively will be announce after WCT book closure for bonus and free warrant on 10 Dec.

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

WCT-WB and WCT-WC adjustment in exercise price is confirm at 1.85 and 2.03? how about WCT price after adjustment?

Gark said...

WCT-WB flying to the sky.. TP 0.40 :)

Gark said...

James, WCT price ex-all will be 2.34

james said...

so theoretaically, after exdate wct-wb worth rm0.49?

Gark said...

Theoretically... but depends if after BI there is any selldown. If there is selldown, the WB will be worth less.

Gark said...

For me I am expecting selldown of about 0.08-0.10 due to profit taking from the free WD.

james said...

so even mother drop 0.15 cent after ex date, wb still worth 0.34, quite a good bet?

hng said...

WCT-WC holder should opt to sell WC and swap to WB

horse said...

COngratz to all holders of WCT-WB ^^ that include me. ^^

No trading from me today. :(

horse said...

hng,

Congratz mate. !!!

Keep laughing all the way to day bank. ^^

Teng said...

Hng

Still holding to Kulim?Is it time to go in now at 4.56-4.58 level?

hng said...

Teng

No more, already make intraday trade on that day, make just over hundred profit on it only.

hng said...

Teng

I will re-enter Kulim at its support level 4.00-4.30. The special dividend still have to take time as KFC and QSR just seek High court approval for capital repayment to kulim.

hng said...

Another stock i wish to re-enter is Malton, currently trade cum 2.5sen TE dividend. Stock ease of uptrend due to poorer than expected financial result

Teng said...

Hng

Very good timing indeed on Kulim

hng said...

Our market still suffer index-link stock adjustment from consumer and telco. But i believe index should find support and hold at 1600 mark

alwayswin111 said...

Hng horse and all
Congrats on WCT-WB

hng said...

Bought even more WCT-WB at 27.5sen

hng said...

alwaywin111

Have you own WCT-WB?

alwayswin111 said...

Hng
None la... Aiyah but glad for all of you .

hng said...

alwaywin111

May i know what is a reason of not buying WCT-WB? not worth of buying or any other possible reason that i've miss up

alwayswin111 said...

Hng
Still,holding Jtiasa , Tenaga,WTK ,EAH . Didn't want to have too much exposure.
I was also very busy last 2 weeks . Checked WCT-WB chart just now ... Very nice chart.
I also missed out on your FABER. Should be able to concentrate this week. Waiting for your cue.

hng said...

Today, portfolio also add another new stock: SP Setia and its warrant, bought at 3.05 and 20.5sen, respectively

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