Wednesday, December 26, 2012

Trades Dated 26/12/2012 - KULIM

 
 
1. OSKPROP - Sold some at 1.03 and bought some back at 1.01. Realised contra and paper gain. ^^ Company continue to have shares buy back, may in turn causing the price surge higher. ^^
 
2. KULIM-WC - Bought very small amount of this warrant at RM1.02, joining the KULIM-WC club. The impending special dividend around 90sen to 93sen will serve as a catalyst to drive the underlying share higher. ^^ This will evetually benefit the Company Warrant as there maybe an adjustment of exercise price after the proposed special dividend. ^^
 
3. WCT-WB - Thanks to CK for the registrar office number. According to the officer, we will be getting our conversion mother share sometime next week. ^^ Hope it is a good news by then. ^^ Will repeat the same exercise again if the discount is still wide. Hopefully, not getting caught. ha ha ha !! 
 
4. Watch List - OSKPROP, KULIM-WC, WCT-WB, MPHB
 
5. Merry Chrismas & Happy New Year to All !!
 
6. Good Luck.

61 comments:

horse said...

Watch POS as well. ^^

caryn said...

Is IJM-WC a good buy now? A proxy to the mother shares.

cheeheng said...

hng

will mbf wa follow mother shr n surged whn sp. div is announced?

ck5354 said...

Keck seng keng,

yesterday want to go in but hesitate ...

MIsssss

Teng said...

Keck Seng PLEASE CONTINUE uptrend.I want to get new IPHONE

Teng said...

Join Kulim WC club

Bought some at 1.01

hng said...

chenheng

Possible, although warrant are not entitle to dividend nor adjustment in exercise price, but if time is allow for conversion before ex-date and if Tan Sri keep accumulate warrant, price will spike up and in percentage could even higher

ck5354 said...

Hng,

Is it time to relook at ytlp-wb???

So many news now on privatization of ytlp lately.

I-®on said...

KSeng 4.42 now

HwangDBS sees “dividend windfall” for Keck Seng shareholders

HwangDBS Vikers Research (HDBSVR), which is recommending a “buy” call on KECK SENG (M) BHD with a target price of RM6.00, said it expects a “dividend windfall” for shareholders. “We believe that Keck Seng is primed for a major re-rating with potential dividend windfall for shareholders. We recommend that this is an opportune time to accumulate to ride on the catalyst as the market has yet to appreciate its full potential,” HDBSVR said in a research report.

According to the research house, Keck Seng could declare a bumper dividend of RM359 million or 96 sen per share by virtue of its section 108 balance, which has just expired. If the company does not make full use of the credit balance, any unutilized credit balance will be forfeited.

HDBSVR also cited Keck Seng’s significantly undervalued land bank in Johor as a potential catalyst to increase the company’s target price by 12% for every RM5 per square feet (psf) land price increase. “Its 1,850 acres of prime Johor land bank surrounding Johor Bahru has not been revalued for the past 32 years. Current share price implies a grossly undervalued RM2.70 psf (versus over RM20 psf in Johor Bahru currently) valuation for the land bank which is totally unjustified,” the research house stated.

Given the robust development in Iskandar Malaysia together with the project completions of Legoland and Coastal Highway, Keck Seng’s land price appreciation is set to further propel. “We arrive at our fair value of RM6.00 based on 30% discount to our conservative SOP valuation of RM8.50,” HDBSVR said.

Keck Seng’s third quarter ending 30th September saw revenue of RM242.4 million, a decline from RM335.5 million registered in the same quarter last year. Third quarter net profits also declined from RM 25.2 million last year to RM19.3 million this year. For the nine months ending 30th September (9M12), earnings rose 7% year-on-year to RM60 million despite weaker crude palm oil prices.

theedgemalaysia

hng said...

ck5354

Ya, privatize is a today market theme.

tcg82 said...

kulim special dividend; was it end december? anyone knows when? thanks

cheeheng said...

hng/horse

oh uh,kulim wc under some selling pressure.

I-®on said...

Kulim-wc now <1.00

hng said...

Ya! both kulim and WC under selling pressure due to technical overbought and adjustment for recent strong runup.

High court already approved KFC and QSR capital repayment. Kulim will use all the proceed and payout as special dividend of 90sen and lead to adjustment in kulim-WC exercise price from 3.85 to around 3.13.

The whole exercise, capital repayment and special dividend payout must complete by end of Jan, thus, the announcement should be make anytime now and 2 week after for ex-date and subsequently allow another 2 week for payment

hng said...

SP setia and WB, both have second round of mark up.

twshien said...

hng,

i am newbie in this forum.

need your advice whether to keep kulim-wb?

or buy kulim now?price is 4.78 now.

thanks.

ck5354 said...

siapa berani spsetia-wb???

I not dare...

tcg82 said...

hng,
thx for the info on kulim
so theoretically latest announcement date will be jan 3

I-®on said...

SPSETIA-WB in rampage mode...

hng said...

tcg82

I think so, + or - lah

hng said...

twshien

Can't advice you, must make own decision. You can refer to information posted here but have to take own risk to invest or not.

I-®on said...

ck5354,

Just fast in fast out earn a bit...lol

hng said...

SP setia WB follow SP setia seem losing momentum now....party over!?

I-®on said...

hng,

Wait 2nd session, let's see...

horse said...

hope to buy more kulim-wc^^

hng said...

The selling pressure on both kulim and WC seem ease off a bit. Once market absorb these T+3 pressure, stock will be able to resume uptrend and await for MAJOR catayst: special dividend of 90sen + adjustment in exercise price from 3.85 to 3.13

hng said...

Finally YTL Power and WB fly up to catch current theme and year end window dressing

cheeheng said...

why airasia so keng eh!

Jason Sim said...

Anyone on YTLP or wb at the moment?

I-®on said...

missed the boat to buy Kulim-wc at low

Gark said...

Wow.. what happen to YTLPOWR?? suddenly shoot up.. I though my shares in YTLPWR-WB gone case already previously...

Jason Sim said...

@Gark,

Salted fish alive (in Cantonese) :)

hng said...

The first batch of WCT-WB conversion will be listed on Monday.

Kindly be advised that the above mentioned Company’s additional 1,204,000 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00a.m., Monday, 31December 2012.

ck5354 said...

gark keep or sell ytlpower-wb???

ck5354 said...

hng hopefully my wct 1st batch in on monday

Gark said...

even at 0.43, my YTLPPOWR still at loss, so I keep first. Maybe can exchange later with YTL shares :)

hng said...

ck5354

Whoever act fastest, will get rewarded first

Gark said...

Hopefully no big selldown... I still haven't converted hehe.

ck5354 said...

gark why so long.

you still wait for what.

ck5354 said...

kulim wc second round coming????

Gark said...

CK No choice lar.. I am overseas until CNY, so I can only come back and convert. Money all in FD, so have to convert to cash and buy draft.

hng said...

Kulim and WC are about to continue head north

hng said...

Gark

Take so long holiday oversea? or on business trip?

Next time can opt for online FD and open another nominee account to facilitate any future need.

hng said...

SP setia and WB continue losing momentum, whoever dare to trade in morning session and caught at higher price must rely hope on market maker to continue mark up before expire date on 3 Jan

hng said...

Bought CCM at 85sen

hng said...

Sold back CCM at 86sen, realzie intraday gain

Gark said...

Hng, not holiday or business trip. I am currently working overseas for few years already. A nominee account sounds like a good idea. :)

hng said...

Gark

Oversea working, very good. If is Singapore dollar, it will let you earn 1.5 more, if is US dollar, 2x faster to accumulate wealth.

Gark said...

Too bad i earn Indonesia Rupiah, the currency already drop ~5% this year.. so other people got increment, I got decrement. :P

Gark said...

But ok lar... since all expenses paid, not much need to spend money. Only food and entertainment only, so hopefully can accumulate more retirement money. :)

Arthur said...

hey guys, jus a question, how does privatisation affect warrant holders, like in YTLPower's case?

Gark said...

Arthur,

Usually, if privatization, warrant will count at conversion rate.

For example YTLP-WB conversion is RM 1.21, conversion is 1.85 then paid will be 1.85-1.21. The payment can be either cash or shares equivalent, In case of YTLP most likely to convert to YTL shares IF it happens.

Arthur said...

Okay, so i guess we should keep it longer, since most privatisation news always bringabout higher upside?

Gark said...

Not necessary, YTL boss is known for his 'kiam siap' he privatized YTL Cement with -1% premium to market price...

Jason Sim said...
This comment has been removed by the author.
Teng said...

Wow.YTLPower finally show its 'keng'.I hold quite substantial of YTLPower-WB and some mother

SP Setia-WB-Too bad it did not go to 1 sens.Anyway still make some money from mother

Uchi also doing well after ex

cheeheng said...

Kulim oredi announced sp div. Ex date 9/1/2013. 2moro Kulim n warrants will FFFLYYY!

Jason Sim said...

So fast announcement liau. Chicken run liau :(

tcg82 said...

Gark
since you working in ID, you should be earning USD, right? haha

uchitec aiyah forgot to buyback this morning :(
wct still stable
kulim congratz all holders huat liao

yh said...

ap div 90.94sen... ho sheh liao tmr ^^

I-®on said...

Chicken run jor....aiya

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