Monday, May 27, 2013

Day Trades : Buy More IGBREIT ^^



1. IGBREIT - Bought more at RM1.34 today. ^^

2. STAREIT - Bought at RM1.10, sold at RM1.11. 1sen profit. ^^

3. Watch List - TIMECOM, FABER, MPHB, IGBREIT

4. MPHB - Frist Q profit up 78%. ^^ 5sen Dividend. ^^. MPHB-OS will be listing on 30/5/2013. Hope the Right Offer stay above RM1 when it goes listing. ^^ Those that bought CW of MPHB last week is being hammered heavily as there is no adjustment in MPHB share price. It retreated instead and the CW price also reflect accordingly. At least 50% loss now. :p Pity to those that holding CW of MPHB. Hope MPHB rebounce and CW strike back to it level before ex-price.
 
5. Good Luck. May the best price be yours always.

17 comments:

Teng said...

Horse

I also bought IGBReit at 1.34 today.Last friday bought at 1.35

Surprised no adjustment for all MPHB-CWs. Very unfair to CWs holder.

horse said...

Teng,

It is safe to buy IGBREIT at 1.34-1.35. ^^
Let's huat. ^^

Teng said...

Horse

Yes.Once my MPlus account is activated,will trade more on Reits or any safe stocks

hng said...

Add another new stock in portfolio, bought AnnJoo at 1.39-1.43

cheeheng said...

bought YTLPOWER WB @0.42

karimaero said...

Hng,

Can you share why Ann Joo? I am still holding, I was planning to let go actually...my average is 1.22

Teng said...

Sold IGBReit at 1.36 for 1-2 cents profit.Still keep some and hope to sell higher price

alwayswin111 said...

Bought E&O 2.12

alwayswin111 said...

Cheeheng
Taken profit on KFIMA ?

cheeheng said...

alwayswin111

at 2.15? no,even at 2.15 its still cheap ,fyi 4qtr results out this wk together with div. Expecting 10 sens. Stay tuned.

alwayswin111 said...

Thanks Cheeheng . I have 11k at2.00

alwayswin111 said...

Chee Heng
I actually queued for 20k that time but managed to get only 11 k. Thinking of buying more.

hng said...

karimaero

Prefer steel to cement. While LMCement (LMC)’s valuation is at its historical peak, we think its 3.6-4.2% net dividend yield will support its share price. As for the steel stocks, we believe the earnings turn-around story will rerate the stocks. We are keeping LMCement at a HOLD (unchanged TP: MYR9.60) but upgrading AnnJoo Resources (AJR) and Kinsteel to BUYs with new TPs of MYR2.10 (from MYR1.26) and MYR0.58 (from MYR0.32). Both AJR and Kinsteel are our top picks in the building materials sector.

Cement: Fairly valued. We are neutral on LMC as LMC’s near-term sales volume is capped by its capacity constraint and keen competition from a new player Hume. Though the company may embark on a capacity expansion, we think the expansion may take at least two years to complete. However, its net dividend yield of 3.6-4.2% will support the share price. Additionally, we see earnings downside risk to street’s estimates if the cement ASP competition persists into 2H13.

Steel: Strong turnaround in 1Q13? Taking cue from Southern Steel’s strong turnaround in 1Q13, we think Ann Joo (4Q12: MYR9m net profit) and Kinsteel (MYR2m net loss) will report positive earnings on lower raw material costs (both ASPs and volumes were flattish QoQ). Going forward, we expect results to get better for Ann Joo while Kinsteel may face margin erosion from the impending gas hike (+19%).

Steel: Offers more catalysts... We think catalysts will come from: (i) the award of the iron ore concession to Kinsteel’s 37%-owned Perwaja, which market has yet to impute for. In the longer-term, we think the benefits of the iron ore mine should outweigh the gas hike. Upon the commissioning of its pelletizing plant (using local iron ore as feed materials), Kinsteel’s production cost could be the lowest in Malaysia; ... and (ii) a more effective protection measure for the construction steel industry. In Feb 2013, the government has slapped an anti-dumping import duty for wire rods but it fails to tackle on the two biggest Chinese exporters into Malaysia. We understand that a petition for greater protection measure is still ongoing and a favorable result will be an added boost to the sector.

Valuations. We maintain LMCement as a HOLD with unchanged TP of MYR9.60 (21x 2014 PER). As for the steel players, we are attaching their mid-cycle P/B valuations: (i) AnnJoo Resources: new TP of MYR2.10 (from MYR1.26) on 1x P/B (from 0.6x); and (ii) Kinsteel: new TP of MYR0.58 (from MYR0.32) on 1x P/B (from 0.4x). We also see trading opportunity for the other construction steel players, particularly Lion Industries (NR) as a laggard play; its P/B of 0.3x is below the sector’s average. Other laggards for a trade are MTD ACPI and Quality Concrete.

Source: Maybank Research - 27 May 2013

cheeheng said...

alwayswin111

good for u.Kfima is an under research undervalued stock. As at 31/12/2012 it had RM 246 mln. cash and only RM 14 mln in short term borrowings.That's 86 sens per share.

lg said...

hi cheeheng,
what's ur tp for ytlp-wb ? me holding sometime ago.

cheeheng said...

lg
just waiting for the mother share to move up.Has been a laggard. Hopefully it will play catch up and move higher soon. Let's keep our fingers crossed.

hng said...

Timecom declare share dividend today, 0.24 DIGI share for every 1 timecom share, ex-date on 10 June

Related Posts with Thumbnails