Lets introducing some fundamental about cheetah. Although cheetah is small cap stock, it have two strong institution investor backing namely, LT Haji (7.55) and FELDA (6.1%). Cheetah also have strong balance sheet, at net cash position, 11sen/share.
In addition, cheetah have dividend policy to payout 30% earning as dividend. Currently trading at PE of 5.5x and yield of 5.6%.
Hng Thanks for sharing. I also want to join Horse to compliment you. You and Horse are both good and transparent in your dealings. Importantly you share your information . Keep up the good work
Certainly it is a good buy at 0.13sen now on paper as you have a buffer of 1sen there BUT the strategy is to look at the sentiment and Dow Jones as an indicator. When you have good sentiment then it will surely drive the entire momentum including BIMB. Since BIMB is on a down trend, i will normally placed 2 bids lower at 0.12sen or lower(-ve premium with 28 days to expiry is worth taking a look), don't chase high. Assuming Dow Jones green tonight, our local front would likely have high chance to go up tomorrow, if momentum is there on BIMB and likelihood what i placed will not match, if matched then it will be perfect and earning 1 bid should not be a problem. If don't match what i monitor is the CW premium, the lower the better. When you see mother sailing and CW stay with premium > -2%, place a buy queue, try not to spot buy as i am practising low risk taking here, not every time success, if you do, high chance of making money if you are not greedy. If it run up fast, just let go, don't chase because you may get trap high price and suffer losses. I can't tell 100% how i practise, it need true experience to realise that. Only those who practise in real stuff will learn else is hard for me to explain here. Generally, i would said BIMB-CA is worth to take a look as the -ve premium is attractive, when couple with good sentiment, you will surely have chance of making there. The key is don't be greedy.
One important note to take, just keep watching and place nothing if sentiment is real bad even CW in -ve premium. Attack only if sentiment is stable and gain momentum.
Just wondering beside the P/E low and cash rich for Cheetah, what make you buy in? The company revenue and profit declining. Correct me if i am wrong. Thanks
Cheetah revenue and profit decline compared to corresponding period mainly due to soar in raw material: cotton price surge almost 2-3x in last Mar-June period. However, cotton price have been adjust back to its more normal price now. Cheetah have been manage to somewhat maintain its profit margin by passing some cost to consumer as you aware most of the clothe in the market already increase in selling price than last year.
Another point is that, cheetah now trade cum dividend of 2.7sen should limit in downside risk.
29 comments:
horse
I always admire you in call warrant trading. You're so lucky profiting in these niche field. Well done.
Bought some cheetah at 48sen. Cheetah has declare dividend of 2.7sen, give rise to moderate yield of 5.6%
Lets introducing some fundamental about cheetah. Although cheetah is small cap stock, it have two strong institution investor backing namely, LT Haji (7.55) and FELDA (6.1%). Cheetah also have strong balance sheet, at net cash position, 11sen/share.
In addition, cheetah have dividend policy to payout 30% earning as dividend. Currently trading at PE of 5.5x and yield of 5.6%.
Hng
Thanks for sharing. I also want to join Horse to compliment you. You and Horse are both good and transparent in your dealings. Importantly you share your information . Keep up the good work
I've sold partial Amway at range between 9.25-9.35, taking handsome paper profit.
Aside Cheetah, portfolio also bought some YTL at 1.43 and Maybank at 8.30, capitalize from their share weakness
Bought another portion of Maybank at 8.25
Bought some Huayang at 1.14
Horse..
Can u give ur opinion on BIMB-CA.. -ve premium now....tq
Great sharing,miss the opportunity in Amway.. Sigh
With today trading, portfolio have sold off all Amway, average at 9.284, realize handsome paper profit gain
Hng
One word...."AWESOME". I bought MAYbank and cheetah as well .
Ok guy, Let's assess BIMB-CA, since some one ask here.
BIMB = RM1.88
BIMB-CA = 0.13sen
Ratio = 2:1
Exercise = RM1.60
Premium = -1.06% (worth watching)
Net worth for warrant = 0.28/2 = 0.14sen
Certainly it is a good buy at 0.13sen now on paper as you have a buffer of 1sen there BUT the strategy is to look at the sentiment and Dow Jones as an indicator. When you have good sentiment then it will surely drive the entire momentum including BIMB. Since BIMB is on a down trend, i will normally placed 2 bids lower at 0.12sen or lower(-ve premium with 28 days to expiry is worth taking a look), don't chase high. Assuming Dow Jones green tonight, our local front would likely have high chance to go up tomorrow, if momentum is there on BIMB and likelihood what i placed will not match, if matched then it will be perfect and earning 1 bid should not be a problem. If don't match what i monitor is the CW premium, the lower the better. When you see mother sailing and CW stay with premium > -2%, place a buy queue, try not to spot buy as i am practising low risk taking here, not every time success, if you do, high chance of making money if you are not greedy. If it run up fast, just let go, don't chase because you may get trap high price and suffer losses. I can't tell 100% how i practise, it need true experience to realise that. Only those who practise in real stuff will learn else is hard for me to explain here. Generally, i would said BIMB-CA is worth to take a look as the -ve premium is attractive, when couple with good sentiment, you will surely have chance of making there. The key is don't be greedy.
One important note to take, just keep watching and place nothing if sentiment is real bad even CW in -ve premium. Attack only if sentiment is stable and gain momentum.
hng
Just wondering beside the P/E low and cash rich for Cheetah, what make you buy in? The company revenue and profit declining. Correct me if i am wrong. Thanks
Derick
Cheetah revenue and profit decline compared to corresponding period mainly due to soar in raw material: cotton price surge almost 2-3x in last Mar-June period. However, cotton price have been adjust back to its more normal price now. Cheetah have been manage to somewhat maintain its profit margin by passing some cost to consumer as you aware most of the clothe in the market already increase in selling price than last year.
Another point is that, cheetah now trade cum dividend of 2.7sen should limit in downside risk.
Bought maximum YTL at 1.40-1.41
Sold YTL back at 1.42, realize quick contra gain
hng
Thanks alot. U hightlight very good point which I haven't notice, great,
Hng
Good job on YTL
Bought Maybank at 8.26
Bought YTL at 1.39
Bought more Maybank at 8.23, and YTL at 1.38, average down holding cost
Tq Horse for ur explaination on bimb-ca.... really appreciate it..
Sold off all today YTL at 1.40, realize intraday gain
Bought UOA at 1.44
Bought also YTL at 1.37-1.38 earlier in the morning
Increase Uchitech stake in the portfolio to average down holding cost: bought Uchitech at 1.27-1.28
Sold off all YTL at 1.41, realize handsome intraday gain.
Hi hng
Good for you.
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