I believe Faber share is overdone, market discount too much risk of non-renewal its concession. With the recent entry of LTH as third largest shareholder of 9.9% 9 (acquire at cost of 1.90), Faber stand much better chance to secure another 10-15 extension of its concession which is due by end of Oct these yr. I've keep average down my holding cost on Faber to below 1.40 now, once the renewal concern is over, its should provide impetus fro the share to rebound strongly
No trading for me today. :( Still think that the market just forming a technical rebound, might dip again. Just hope that the rebound continue to sustain till end of this week. :)
So long there is willingness and continuous effort from all parties (Greek; Europe zone; IMF and US) and stand seriousness to avoid second financial turmoil at all cost, then soon or later, these overdue crisis should be able to settle by end of next month.
Portfolio have include Rsawit-OR at 11 sen (right to subscribe at 80sen) before the market close, which i think is arbitrary gain compared to Rsawit at 1.01. I hope market will soon catch up just like HLBank -OR today
Our market immediate resistance is at 1400 psychological level. If market manage to break and stand above 1400, then at least these wave of meltdown will be ease off and market will soon regain momentum through year end.
Selling Rsawit-OR at 12.5sen, realize more than 13% intraday gain :). Portfolio still loaded a lot of Rsawit, will gradully realize these handsome paper profit
So far, portfolio have sold off Oldtown at 92.5-93sen (slim transaction cost loss); sold most of the Rsawit at 12-12.5sen; also some Faber at 1.38-1.41, realize contra profit.
Market after tested 1400 resistance level, pullback now in accord with other regional market trigger my profit taking after consecutively strong rebound.
Sold off all remaining Malton at 48sen, realize handsome contra profit.
ReplyDeleteSold off also UOA at 1.21-1.22, realize marginal contra gain
Sold off Ivory at 82-82.5sen, realize marginal contra gain
ReplyDeleteBought Rsawit-OR at 11sen
ReplyDeleteSold off Rsawit at 12.5sen, realize handsome intraday gain :)
ReplyDeleteBought YTL power at 1.71
Sold off YTL power at 1.74, realize intraday gain
ReplyDeleteSold off maxis at 5.25-5.26, breakeven
I've offload most of the stock holding in portfolio to free up margin line, except those for longer term holding: KSL-WA; Faber and Huayang.
ReplyDeleteBought more Faber at 1.34-1.35
ReplyDeleteI believe Faber share is overdone, market discount too much risk of non-renewal its concession. With the recent entry of LTH as third largest shareholder of 9.9% 9 (acquire at cost of 1.90), Faber stand much better chance to secure another 10-15 extension of its concession which is due by end of Oct these yr. I've keep average down my holding cost on Faber to below 1.40 now, once the renewal concern is over, its should provide impetus fro the share to rebound strongly
ReplyDeleteBought more Rsawit-OR at 11sen
ReplyDeleteNo trading for me today. :(
ReplyDeleteStill think that the market just forming a technical rebound, might dip again. Just hope that the rebound continue to sustain till end of this week. :)
horse
ReplyDeleteSo long there is willingness and continuous effort from all parties (Greek; Europe zone; IMF and US) and stand seriousness to avoid second financial turmoil at all cost, then soon or later, these overdue crisis should be able to settle by end of next month.
Portfolio have include Rsawit-OR at 11 sen (right to subscribe at 80sen) before the market close, which i think is arbitrary gain compared to Rsawit at 1.01. I hope market will soon catch up just like HLBank -OR today
ReplyDeleteOur market immediate resistance is at 1400 psychological level. If market manage to break and stand above 1400, then at least these wave of meltdown will be ease off and market will soon regain momentum through year end.
ReplyDeleteBought Malton at 46-47sen
ReplyDeleteBought more Rsawit-OR at 11sen
ReplyDeleteSold off Malton at 48-48.5sen, realize handsome itraday gain
ReplyDeleteBought YTL power at 1.70
ReplyDeleteIncrease further stake of Faber at 1.33-1.34
ReplyDeleteSold off YTL Power at 1.74, realize handsome intraday gain
ReplyDeleteBought more Rsawit-0R at 11sen
ReplyDeleteSold some Rsawit-OR at 11.5sen, realize intraday agin
ReplyDeleteBought Oldtown at 92sen
ReplyDeleteBought malton at 50.5-51sen, malton have successful break through resistance to resume uptrend again
Sold off all Malton at 55.5sen, realize 10% gross intraday profit :D)
ReplyDeletecongrat hng !!
ReplyDeleteBought more Rsawit-OR at 11sen
ReplyDeleteBought malton at 53.5sen, market surpass 1400 :)
ReplyDeleteSelling Rsawit-OR at 12.5sen, realize more than 13% intraday gain :). Portfolio still loaded a lot of Rsawit, will gradully realize these handsome paper profit
ReplyDeleteSold off Malton at 54.5sen, realize intraday gain
ReplyDeleteMarket pare down earlier gain after break 1400pts, will likely consolidate now.
ReplyDeleteSo far, portfolio have sold off Oldtown at 92.5-93sen (slim transaction cost loss); sold most of the Rsawit at 12-12.5sen; also some Faber at 1.38-1.41, realize contra profit.
ReplyDeleteMarket after tested 1400 resistance level, pullback now in accord with other regional market trigger my profit taking after consecutively strong rebound.
Will wait sideline for a while
Bought YTL Power at 1.66-1.67; Malton at 51.5sen
ReplyDeleteBought Rsawit-OR at 10.5sen
ReplyDeleteBought maximum YTL Power at 1.66
ReplyDelete