Third day of Chinese New Year and the first day of KLSE trading, have placed an overnight order by selling off PBBANK-01 at RM8.70 making some contra gain. Nevertheless trading volume remains low, KLCI chalk up 3.30 point to stay at 875.99 in the first session. Not a bad start after all. Will continue buying in PBBANK-01 if it fall back to RM8.50 region for its shares div & div respectively.
7 comments:
Just back from hometown yesterday night. After examine my portfolio, i'm glad all my stock perform in line or better than expected. My core REITs stocks are trading on uptrend with AXREITs and Hektar gaining higher momentum, While PBBank rebounded and still on track to achieve my target price expecially nearer to ex-date for its share and cash dividend.
Today, i bought Melati Ehsan at 65 sen for its attractive dividend of 5.5sen (8.5%) going to be annonuce soon
Sold partial AXREITs at 1.37 to capitalize on its strong momentum and realize more than 20% gain.
Bought more Melati at 65 sen
A bit concern on Melati Ehsan's 1Q profit decrease by 23% and it is a consruction company. Expected market to be slow down 1H 2009. The 5.5sen is meant for 4thQ2008 dividend right? Will remain cautious this quarter. Still aim REITs as my main priority and hopefully PBB as well...
Nevertheless Melati at 65sen is quite a safe bet though....
Just sold another portion of AXREITs at 1.40.
The main reason to buy Melati is to capitalize on its coming f&f dividend of 5.5sen (proposed during 4th quarter result and expect to be announce sometime this week and subject to apporval in forthcoming AGM held in Feb). Alhough melati 1 quarter result down sharply, but it has unbill sale of at least 1 bil, provide earning visibility for at least 2 yr and melati has limited borrowing.
Anyhow, this is for short term and no intend to hold for long, perhaps will sell if command profit as any 1 sen movement will generate positive return.
Recently, a lot of REITs have enjoy good coverage from analyst and experiencing good runup. This factor plus their recent attractive income distribution (higher yield due to prolong depress share price)have generate interest among investor.
Sold another portion of AXREITs at 1.41. With this, I've sold almost 60% of this stock. May keep remaining for income or sell off all if share keep going up. Sell on strength..
Keep close eye on Atrium, Hektar and UOAREITs to sell on strength
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