Monday, December 10, 2012

Scalp On WCT-WB ^^

 
 
1. WCT-WB - Still rocking !!! Bought in more at 0.375 and sold them off at 0.38. Still holding some for further rise at cost 0.235. ^^ Adjustment exercise price for WB will be tomorrow. ^^ Hope with this can command further upside. Mother must be steady as well. :) If the new exercise price is out tomorrow probably many will opt for conversion to mother shares as it can fetch around 20sen extra profit there. Worth considering it.
 
2. IGBREIT - Scalp on this with 1sen profit. ^^ Sold at 1.33.
 
3. UCHITECH - Bought at RM1.15 did not expect a big sell down to 1.14 level, but 5sen dividend should be enoughed to cushion the drop. ^^
 
4. MPHB - Capital repayment. Watch on this tomorrow. ^^
 
5. Watch List - WCT-WB, IGBREIT, UCHITECT, MPHB, BJTOTO, AMEDIA
 
6. Teng, sorry to hear that, my condolences to you. :( Hope you are well.
 
7. Good Luck.

44 comments:

ck5354 said...

go go go wct-wb

Gark said...

Yeah.. go go WCT-WB :)

karimaero said...

sob sob...no wct-wb.....next time : (

Gark said...

Anyone here convert warrants before? Where to get the form, payment and how long to wait?

Planning to convert all my WB into mother share to capture max profit...

ck5354 said...

gark, form later i link for you.

payment stated on the form.

have to wait abt 2 weeks.

Gark said...

Thanks a lot CK... you converting your WB as well?

ck5354 said...

thinking the 2 weeks time frame will it be disadvantage to us???

ck5354 said...

i can not find the form in bursa announcement, but i contacted my remisier. will update u soon.

hng said...

Bought more SP setia-WB at 7-7.5sen

hng said...

I've increase my limit exposure on Sp setia-WB double from 20k to 40k

Teng said...

Hng

High risk=Risk gains. Hope SP Setia result is good,pushing Setia share up by 10% to 3.30 level

ck5354 said...

hng do u think it is worth to convert the wct-wb to mother share???

Jason Sim said...

Hng,

Going for 2nd round for SPsetia-wb?

hng said...

ck5354

There is no need to trouble yourself to convert WB to WCT, it may take 2-3 week time. You may get risk if WCT under selling pressure by the time its bonus and WCT-WD is listed by end of these month. Just opt for simple way, sell now and take profit or wait for higher WB price if it perform to narrow the gap discount.

hng said...

Jason Sim

Ya! the first time, realize 5D big loss, these time, i hope can not only recoup earlier loss but realize profit on it as i've double up the volume on SP setia-WB today at 7.5 sen + yesterday 8.5sen = average down at 8sen

Gark said...

Hmm bought more at 0.40 to convert.. hmm after hng's explanation.. might reconsider...

hng said...

Teng

The private placement risk already price in current SP setia performance, the upcoming fixed price will affect its warrant exercise price. If the private placement issue at 2.80, then hopefully the exercise price will adjust from 2.99 to 2.80 to match and protect warrant holder interest in accord to Deed and Poll

hng said...

WCT has make announcement in bursa, revised WCT-WB exercise from 2.50 to 1.85.

ck5354 said...

any idea when wct-wd will be listed???

Bursa make announcement already or what???

ck5354 said...

I think his analysis is not so accurate.

凭单专栏:红股加免费新凭单 WCT现有凭单受影响
凭单专栏 财经周刊 投资观点 2012-12-03 12:05
WCT-WB在上周的表现受到该公司宣布红股及免费新凭单除权日后稳步上涨,WCT(WCT,9679,主板建筑股)另外一项凭单WCT-WC,走势也受到一些刺激,不过它的成交量并不多。
WCT-WB和WCT-WC在上周五的闭市价,分别是31仙以及43.5仙,而该公司母股最后交易价是2.75令吉。
WCT是在11月23日宣布,每20股送3红股以及每5股送1新凭单的除权日,定在12月6日。这意味投资者若要享受红股及免费凭单,需要在12月6日前买进WCT母股。
WCT-WB和WCT-WC的行使价,将会受到上述红股及免费凭单计划影响而被调整。
根据WCT给股东的函件,WCT-WB和WCT-WC的行使价,将会被下调到约1.85令吉和2.04令吉。不过,最后调整后的行使价,还要看除权日前的股票数量等因素。该公司将在日后宣布最新行使价。
根据上周五的闭市价,WCT-WC理论上比即将在明年4月到期的WCT-WB吸引,投资者若要从两项凭单中选择,应该选期限还很长的WCT-WC。
不过,由于WCT股东还可获得免费新凭单WCT-WD,除权后的母股价未知是否能够继续受到支持。
新凭单WCT-WD的行使价已经被定在2.25令吉,该凭单的期限长达5年,或许投资者应该等到WCT-WD出来后,再选择哪项凭单较吸引。

温世麟硕士

hng said...

S P Setia - Closing The Year With Flying Colours
Date: 11/12/2012
Source : MAYBANK


Maintain BUY. SPSB’s upcoming FY10/12 results are likely to come in within our and consensus estimates. 4Q is likely to be stronger QoQ and YoY supported by record sales of MYR3.3b achieved in FY10/11 and MYR3.64b in 11MFY10/12. We maintain our earnings forecasts and MYR3.81 RNAV-based TP (MYR3.60 post placement) for now. We continue to like SPSB for its market leadership, strong track record and strategic landbank, which underpins long-term growth potential.

Decent earnings growth. SPSB will announce its FY10/12 results on 12 December. We expect 4Q net profit of MYR101-108m (+1-8% QoQ, +23-31% YoY), taking FY10/12 core earnings to MYR368-375m (+25- 27% YoY). Earnings will likely be driven by strong unbilled sales mainly from its township projects in Johor and Setia Alam. We expect SPSB to declare a final gross DPS of 8.6sen, lifting full-year DPS to 13.6sen.

Record sales. SPSB had locked in MYR3.64b in sales by 11MFY10/12, on track to meet its FY10/12 sales target of MYR4b. Key sales contributors include KL Eco City, Setia Alam and Fulton Lane. 4Q sales should be boosted by strong take-ups at newly-launched Setia Sky 88 in Johor and Eco Glades in Cyberjaya. Unbilled sales of MYR3.8b at end-Jul 2012 were healthy, at 1.2x our FY10/13 revenue forecast.

Scaling greater heights. Management has not revealed its sales target for FY10/13 but it could reach another record with the official launches of Battersea Power Station phase 1 (BPSP1; MYR5b in GDV) in Apr 2013, Eco Sanctuary in Singapore (MYR1.1b in GDV) and Setia Eco Hills in Semenyih/Kajang (MYR4b) in FY10/13. Response for the 800 apartments to be built in BPSP1 (ASP: GBP900psf) has been strong with more than 5,000 registrants, we understand. Meanwhile, Setia Eco Hill recently launched bungalow land plots at c.MYR100 psf.

Fundamentals remain sound. SPSB currently trades at a forward PER/PBV of 14x/1.7x, below the respective historical means of 16x/1.8x. Whilst its proposed placement of 322.6m new shares will dilute our FY10-13/14 EPS estimates by 12%/13% (implied PER/PBV of 16x/1.6x), its balance sheet will strengthen significantly, giving it the wherewithal for long-term execution and to take advantage of landbanking opportunities

hng said...

ck5354

Already announce in bursa. Can check it now

hng said...

ck5354

WCT-WD and bonus share have to take few weeks time to be listed in bursa, the actual time will be make later.

Jason Sim said...

Hi Hng,

This was my 1st time losing so much in 2 days due to Spsetia-wb. I've cut this and have no guts to go for 2nd round. :(

alwayswin111 said...

Jason
Sometimes if lose consecutively, maybe sit back ... and relax first before jump in again. Hng, Horse and Teng are real good ... We are amateurs compared to them... Just sit back and mentally rout for them to win .... Works for me... I am always happy when I see the company here win even when I do not participate..Remember there is always another trade.

Jason Sim said...

Hi alwayswin11,

I do hope the best for them although i am not in the wagon. The 3 of them are real good in helpful and informative. Thanks for the advice. :)

alwayswin111 said...

Jason
Todays index touched 1642 which is Boll band/M50 resistance and retreated. Maybe we could wait for some retracement before taking new position... I am sure you will be able to make back your losses .... I lost too in SPSetia ... actually should have held on cos it was at gap support 3.00 but was spooked by the placement price.Let's ALL huat together from now on.... Laughing all the way to the Bank ... this blog's logo.

Derick said...

Hng

Since wct-wb announced the conversion price from 2.50 to 1.80 . At the moment still trading negative premium but gap getting narrower should we take profit now or still need to hold for while ? Thanks

hng said...

Jason Lim

I share your concern as i'm also make loss in both SP setia and WB, but manage to offset by scalp trade on WCT-WB.

This time, i've read thoroughly its circular which did state that the private placement could resulted adjustment in exercise price, but the degree of adjustment is depended on final issue share from private placement.

We just need to wait for its outcome in next few days.

hng said...

Derick

WCT-WB perform affected by WCT, upcoming bonus share and new WCT-WD. Currently, the discount in conversion price could further narrow once all these bonus and new warrant is listed in next few week.

hng said...

horse

Strangely, today Uchitech have strong buying momentum. This is vast contrast compared to yesterday selling pressure. What a stock market indeed !?

Perhaps, it could be due to incoming final dividend to be declared soon or granted new extension of its pioneer status to enjoy another 5 year tax free

hng said...

Tomorrow SP setia will release its Q4 result, lets hope for the best

ck5354 said...

EPF keep disposing spsetia kanasai

Derick said...

Hng
Thanks . How is your house renovation ? Your contractor good or not ?

hng said...

Derick

Actually, i've yet to start renovation, just engage various contractor to quote different renovation model. Most likely will make final decision soon and start renovation after CNY.

hng said...

ck5354

I don't know what is rationale for EPF disposing SP setia share at current level. As GLC fund, it should sold it to PNB at 3.95, not selling at around 3.oo in open market.

Teng said...

Hng

Sometimes I just do not understand EPF or some listed companies. For share price high,EPF buys a lot,and company also buys back its share

KNM is one good example. RM1+,it bought back share.60 sens they stopped buying.Maybe no more fund to buy

Gark said...

Damm WCT-WB backtracking....:(

hng said...

Teng

True, EPF investment decision sometime very confusing, so better based on own decision.

ck5354 said...

Gark, just called my osk remisier. They give better option.

The form not yet out.

By the time convert, the different not much. The time frame need 7 to 9 working days exclude saturday and sunday. He suggest to sell.

This is the big difference between malacca securities and osk.

alwayswin111 said...

Hng
Market looks pretty strong ya, Looks like M50 not going to be a problem at all.

alwayswin111 said...

Hng
Market looks pretty strong ya, Looks like M50 not going to be a problem at all.

Gark said...

Thanks CK, convert means we take the risk of the WCT share movement within the 2-3 weeks. Can either go up or down. Selling means locking in the gain, but get less. Hmm..

ck5354 said...

So, how gark???

By the time you get the form probably 2 weeks later.

I also don't know how.

Wait and see???

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