1. Scalp trades today :-
AMFIRST - in 1.16, out 1.17
SUNREIT - in 1.06, out 1.07
AXREIT - bought in RM2.32
2. Keep trading as such, not sure how long can i last. :) I give myself a year and see how much will i manage to collect. If average can produce RM2000 per month, i will have additional RM24K per year generated through trading alone. :) This income is out of my other long term investment pool. :)
3. I will be on long leave starting next week. :) Will have plenty of time watching the market. :) Hope to churn out more trades during next week. :)
4. hng, get any news on RCECAP ? Recently price has been uptick after touching low at 0.48sen.
17 comments:
i m curious on RCECAP too...
will it rebound like MBSB case...
Hi there... Nice blog. :)
May i know for your scalp trades, what is your daily capital?
Thx and cheers :)
Wow...u can make so much scalping !
Good work. U whack 50 lots i think each trade.
Hello,
How on earth can u make
money by just a 1 sen margin? U must be buying a lot.Can u tell me how pls!
horse
BNM is drafting new guideline for all non-bank lending corp which among other limit credit available, more stringent requirement and lower the interest charge etc. On pro side, RCE soon will be able resume its lending business. whereas on cons side, RCE likely suffer margin squeeze and may record lower earning forwards
Yesterday, portfolio have added back kkb, bought at 2.09. Still very like its valuation: Trading at PE 7x, dividend yield >8%; net cash 40sen/share
Portfolio 1:
1. P.I.E: 92.2% (cost: 4.01)
2. Msniaga: 70% (cost: 2.00)
3. KKB 22.1% (cost 2.09)
3 HapSeng 20% (cost 6.36)
4. CCM Duopharma 15% (cost 2.34)
Portfolio 2:
1. P.I.E: 91% (cost: 4.03)
2 Msniaga: 40%(cost: 2.00)
3. CCM Duopharma 35% (cost 2.34)
4. Hapseng 10% (cost 6.28)
Davids
Just to clarity. All percentage in the portfolio reflect total stake in each portfolio. As portfolio is trading with margin, therefore total percentage can be up to 250% (100% capital + 150% margin line)
Lets do some case study on horse investment return:
Estimate total return pa
Scalp trade : 24k
Normal trade : 12k
Dividend income: 12k
Opportunity call-warant windfall:6k
Long term holding : paper gain compounded at 12% pa
Summary return:
Total profit: 54k cash or 4.5k pmth
Longterm compounded holding : 12%pa
Based on average 4.5k side income pmth, horse can easily cover all its fixed monthly expense: car loan (1k) + horsing loan (2k) + fuel + food stuff (1.5k). All its current monthly fixed salary earning could then be use for children education fund, property investment, top up its exiting capital war chest etc. In short, horse already half way to be full time investor
Increase further stake of KKB, bought KKB at 2.10. Expect its final dividend of 12.5sen or 6% yield to be announced soon.
hng...
thanks for the KKB sharing!
Portfolio 1:
1. P.I.E: 92.2% (cost: 4.01)
2. Msniaga: 70% (cost: 2.00)
3. KKB 50% (cost 2.096)
4 HapSeng 20% (cost 6.36)
5. CCM Duopharma 15% (cost 2.34)
Portfolio 2:
1. P.I.E: 91% (cost: 4.03)
2 Msniaga: 40%(cost: 2.00)
3. CCM Duopharma 35% (cost 2.34)
4. KKB 30% (cost 2.10)
4. Hapseng 10% (cost 6.28)
KKB just declare final dividend of 12.5sen, give rise to yield of 6%, ex-date at 11/5
hng...
may i know where you get the news on kkb dividend announcement? :D
tq
Hi Horse,
Well done - good trading!
Congrats!
Hi Hng,
Great job & timing on buying KKB that announced dividend today!
What is your strategy on such shares like KKB? Do you sell them before the ex or keep them till after ex?
Excellent job on your great looking portfolios :)
I noticed Hap Seng has fallen quite a lot and appeared as top losers in newspapers despite the dividend, bonus and warrant, can I have your valuable opinion this matter?
Thank you very much!
Davors
You can get the announcement on bursamalaysia website.
Thomas SM
I would likely sell before the ex-date to swap margin line to other potential stocks.
Hapseng current share weakness could be due to private placement of 20% through book building. Generally, private placement share give up to 10% discount than average 5 day weight market price.
Hapseng share price likely continue on weakness before the actual price is confirm as potential institutional investor will opt for share from these private exercise to enjoy discount than current market share. I'll wait till the outcome from placement before decide to increase my stake on Hapseng to average down my holding cost and opt for subsequent corporate exercise: bonus + right + warrant + dividend
horse
Our Citi finally rebound, have sold off all at 4.68 just now, realize profit first :D)
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