1. Thanks to the sell down. Managed to collect quite substantial ARREIT at RM0.905. Certainly this is not the last, will collect more if price come down further or whenever i can. :)
2. Sold some of my CARLSBG at a price of RM6.00. :) This provide me more capital for scoping. :)
3. Overall Stocks slide on worries over Korea, European debt. :(
4. I would expect more drop come next week. :(
5. PCHEM started it debut yesterday. Not a bad start after all at RM5.72 but just can't beat the selling pressure when market open. Started to slide then before settling at RM5.31. I think the selling force not end as yet. Many is waiting to dispose especially those that subscribing the IPO on loan money.
6. GENM result is expected. Profit drop a bit. Judging the down trend momentum, would likely to settle at around RM3.00 to RM3.20. Nevertheless, this stock remain as bore as before, nothing compare to a more energetic volatile GENTING.
7. Defensive or DY stock is still the best approach irrespective whether market up or down. You still can sleep tight and sound. :) Till then happy trading.
5 comments:
I'm in the midst to swap PJdev to Uchitech. The reason is PJdev pose disappointing Q1 result and upcoming PJdev-WC may put more pressure on mother share even it current trade cum dividend of 5sen now.
I'm targeting Uchitech is because of its excellent Q3 result and gradually recover earning momentum from setback experience since last few quarters due to modification of its product to meet compliance of European energy saving policy for all electronic product.
Aside from promising earning prospect, another pull factor is Uchitec is cash rich company, totaling RM139 million, translates to a cash per share of 37 sen! If based on valuation, an estimated FY10 EPS of 14.6sen, Uchitec is now trading at a PE of 9x, which may deemed fair, but if the cash reserve is excluded, Uchitec's PE is less than 7x. These couple with dividend policy to payout at least 75% net profit, translating to 5sen TE interim (already announce) + expected 6sen TE final, Uchitech dividend yield is more than 8% nettt. All these dividend yield could be materialize in less than 6 month as Uchitech giving dividend on Dec 10 and April 11.
uchitech.....
not a bad choice though. :)
high DY still the safest.
Today, bought more Uchitech at 1.32, sold more PJdev at 77.5sen. in addition, portfolio have added some Pantech-LR at 2sen, which is right to subscribe upcoming Pantech-LA (cuopun rate 7%) at 10sen and entitle 1 free warrant for every 10 ICUS
Continue similar strategy, increase Uchitech stake at 1.32, while decrease stake of PJdev sold more at 77.5sen. Added more also Pantech-LR at 1.5sen.
market drop > 10 points today :(
everyone is very cautious.
europe, china & korea are the main threat to this.
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