2. Market down 25 points :(. However still manage to pull some profit from Lonbisc and Pchem-cb. Merely luck ?
3. Just pray that tonight Dow Jones in bull charging again, then we will be all smile again. :) Good luck.
4. You all may have noticed that my sharing is short lately, i am just too busy to go for in depth study and hardly have time to do so, ever since i engage in day trading on CWs BUT my fundamental never change, i am still keeping all my high dividend yielding stocks and earning dividend almost on a monthly basis. Nevertheless, this kind of stocks is ever green to me, the longer you keep them the better it is in term of percentage yield.
6 comments:
Sold malton at 61sen, realize handsome contra profit.
Bought back all malton at 60sen, realize intraday gain :D)
Sold back Malton at 60.5-61sen
Bought Eng Tek at 1.58-1.60
Eng tek yesterday selloff was mainly in response to Eng bursa announcement. similarly, potential relief could be come the settlement of the flood condition in Thailand.
In the Eng balance sheet, its has about 110m fixed assets (property+ plant and equipment) and cash of 80.8m (net cash 25m)
With management guide that 50% asset is from Thailand (55m) and assuming only 60% success rate of insurance coverage, Eng could potentially write off as much as 22m assets, which is still within Eng capacity by increase its capex for new plant+ equipment replacement.
In summary, Eng buyout offer of RM 2.50 could potentially adjusted downward by 35sen to RM 2.15, that is after take into account fully year write off earning of 20.6m + 22m assets impairment, equivalent to 35sen per share.
Bought back again Malton at 59.5sen, realize higher intraday gain
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