2. Again contra on PCHEM-CB. :) Bought in more ARREIT today at 0.86, hoping for an impending DPU. :) Bought in BIMB-CA on 2 different batches, average at 0.1575, hope can dispose them tomorrow.
3. Dow Jones should be back to green tonight hopefully after a big fall of almost 400 points yesterday. It been yo-yo in such a range for a long time since US debt crisis now the PIGS debt issue. Think the market still have a long way to recovery. :( Good luck all.
4. I might be less blogging in the coming months as i will be very busy with my work schedule. Will try to blog over the weekend if possible.
4. I might be less blogging in the coming months as i will be very busy with my work schedule. Will try to blog over the weekend if possible.
1 comment:
Bought Amway at 8.62-8.63. Amway is expect to declare 3rd interim dividend which will likely come together with special dividend.
Based on last year record, Amway is expect to declare 9sen interim + 30sen special dividend, give rise to yield of 4.5% net.
In term valuation, Amway appear rich, trade at PE of 18x. But Amway have solid track record like Nestle, which deserve higher valuation as both are market dominant in their respective field.
Amway also in net cash position, as much as RM 1.02/share offer much more cushion to downside risk and have afford to declare higher than its earning as dividend
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