1. OSKPROP - Buying 4 batches, hope to get a quick profit here. ^^
2. OSKPROP-OR - Assuming OR is fully exercised, what is the true value of OR ? One Right comes with 2 Bonus Issue and free 3 Warrants. Estimated actual value of OR :-
1 Right = 0.98
2 Bonus Issue = 0.98 x 2 = 1.96
3 Warrants = 0.98 x 25% x 3 = 0.735 (* as hng pointed out that warrant a least 30% premium but i just quoted 25% here)
Actual value of OR = 0.98 + 1.96 + 0.735 - 1 = RM2.675
Will try to apply excess units. hng, may i know what is the chances of getting excess units ?
3. YTLP-WB - Something fishy on this ? Big buying toward last minute....
4. MSM - Still keeping.
5. Watch list - OSKPROP-OR, MSM, YTLP-WB, YTL
6. Good luck.
horse
ReplyDeleteI don't think there will be offer for excess application as OSK prop stand to lose out 2 extra bonus share for every 1 excess. This is different from other corporate exercise involve warrant with right share. whereby the excess application will be take into consideration, as warrant have no immediate dilution and is main for future fund raising.
horse
ReplyDeleteIn the OSK latest right issue prospectus, it shown that its flagship Mega project in Cyberjaya Pan'gaea, phase I (launched in April), Paragon, two towers, 16 and 22 storey consist of 196 SOFO and 49 boutique retail office have SOLD OUT (previous was 70% take up)
The registration list for its next phase II (planned to launched Q4), 4 tower, 1446 unit, service apartment have received total of 4200 interest buyer.
horse
ReplyDeleteI'm concentrating on OSK property-OR as it offer greater upside potential based on sum of part as shown in your blog.
horse
ReplyDeleteI'm sold off all MSM in order to free up more margin line for OSK property-OR and realize quick contra profit.
Thanks hng for the sharing.
ReplyDeleteIn that case i must grab from the market then.
Will take in some tomorrow hopefully.
I am planning to sell my MSM as well tomorrow. Hope to get higher price. ^^
ReplyDeleteWill free up more cash for oskprop-OR. :)
Good Luck mate. !!
Hng/Horse
ReplyDeleteToday I missed to trade OSKProp even I managed to get some at 2.48
YTLPower-WB-Last minute buy again?I still keep some bought last week
Tomorrow may buy OSKProp or sell OSKProp and switch to OR
This comment has been removed by the author.
ReplyDeleteBought WCT-WB at 26.5sen
ReplyDeleteBought WCT-WB at 26.5,sold 27 for intraday gains
ReplyDeleteTry to grab more OSKProp-OR but sell volume is small.Guess has to buy sedikit demi sedikit,lama lama jadi bukit
Bought YTLPower-WB at 58.5
ReplyDeleteHng
ReplyDeleteYour WCT-WB is giving free lunch today
Bought YTL 1.77
ReplyDeleteIt is interesting to note that WCT-WB warrant price response exaggerate for every movement of its underlying share, WCT. The 2-3 sen down from WCT also follow by its WB, but in turn of percentage, WCT only down by <1%, while WB down >10%. Nonetheless, it is understandable as WB gearing is almost 10x of its underlying share, 27 sen vs. RM 2.45
ReplyDeleteI do acknowledge that the warrant expire in 7 month time, due Apr 2013, the premium now is about 13%, exercise price at 2.45. The warrant was issue back in 2008, issue at cost 25sen on 1 for 5 underlying share.
Since there is close relationship between warrant and underlying share, any good news for WCT will be follow by its warrant now.
WCT is expect to announce its Q2 result by middle of these month, which will come with interim dividend payout of at least 5sen. WCT also scheduled to have EGM on 14 of these month to conclude deal for acquisition landbank in OUG for total 450m. These piece of land have GDV more than 4b, situated in mature area, next before Endah parade along KESAS.
Currently WCT already secure more than 1b job, namely HQ for MITI, Medical center in Sabah, widening Plus highway, Vale projects. and is targeting to secure addition 1b by end of these year. This is sharp contras compared to last year, whereby WCT only manage to secure 187m.
In turn of WCT revenue breakdown, infra and construction still contribute more than 70%, follow by property development and property investment. However, the ratio going to change soon, as WCT already embark more aggressive in property development, especially high end , high rise development. Its first venture in Iskandar, IMedin, GDV 700m received take up rate 90%. Its upcoming EGM, if approve, will allow WCT venture outside klang to KL (OUG), plan to build integrated high rise condo + SOFO + mall + hotel
WCT also building up its property investment namely exiting Aeon Bukit Tinggi + 1st 4 star Premier Hotel, and newly open Paradigm Mall (91% occupied) + 2rd premier Hotel in kelana Jaya. The paradigm will be wholly manage by WCT itself rather than lease out like Aeon Bukit Tinggi, which could command higher earning. By next year, another mall, Gateway in KLIA2 will be ready. All in all, these property investment will at least PAT 40m pa onwards. WCT also build up its landbank in Rawang, replicate its success in Bukit Tinggi Township in klang
WCT ultimate aim is to diversify its earning based into more sustainable, breaking into 45% infra/construction: 30% property development: 25% property investment
Hng
ReplyDeleteGood write up on WCT
My cousin bought Semi D at Bt Tinggi many many years ago.He paid <500K for BIG landed semi D
As previous highlight in these blog, that i have bad experience in warrant investing on MTD-WA last 10year ago, which cause me loss almost all capital due to expire date, even at slightly in money as MTD at that only at 1 sen higher of its exercise price.
ReplyDeleteWill history repeat itself on me !!?? I really wish to try again, as Chinese proverb said, 'we have to stand out from where we fall'.
With additional 10year trading experience + full time online trading + better trading skill + enlarge capital base = success
WCT is flat now. WB will also back to 29cents?
ReplyDeleteGood luck Hng. Add oil
Teng
ReplyDeleteThe fate of WCT-WB all rely on WCT itself, the critical point is that WCT must stay above 2.45, which is warrant conversion price and Warrant should have strong support at 25sen, which is their original cost.
Currently WCT still struggling to break and stayed above RM 2.50 resistance level, which then could signal further upside to 2.80 and 3.00. It have many attempt though and yet unable to firmly stay above these level.
I expecting its upcoming Q2 result to show much better result + dividend + latest news from MD after EGM on 14 Aug to provide much need catalyst to spur share price.
Again due to close relationship between WB and underlying share, investor could expect multiple 10% increment for evry 1% upside from WCT.
Teng
ReplyDeleteWhat happen to YTL power and WB, seem yummy to me.
However almost all my already tight up with my 3 major holding OSK property-OR, WCT-WB and Ireka and other like AnnJoo and KSL-WA
Hng
ReplyDeleteMy Maybank portal show exercise is 2.50.
Hng
ReplyDeleteWCT-WB warrant is strong. I enter to sell immediately after matched.Within minutes,my sell also matched
Teng
ReplyDeleteSorry, my mistake, WCT warra t exercise is at 2.50. Thanks for correction
Teng
ReplyDeleteAs point close relation between WCT warrant and WCT, there will market manipulated, whom purposely press down WCT to collect its warrant at cheaper price. In the end, they stand to gain massive profit in turn of percentage between loss 1% in WCT, gain 10% in WCT warrant
Teng
ReplyDeleteHave already swap your OSK property to OSK property-OR, like what you did on Amfirst? This is cheaper alternative to continue exposure in OSK property.
However, after the ease of trading of OR, share price normally will rebound back.
Teng
ReplyDeleteWCT swing upwards, lets hope my prediction will materialize, reaping up handsome profit on it
WCT at 2.50 critical marks, its warrant still laggard behind, waiting for convincing breakout of its underlying share
ReplyDeleteHng
ReplyDeleteOSKProperty-Not yet.OSKProp share is under mild selling pressure.Still hope to buy OR today or next few days
WCT-Once mother stay >2.50,WB should be well supported.Very good timing for you. My buy timing is perfect but not sell.Anyway good enough for lunch today
OSK property-OR start to pick up, lets hope its could reflect its intrinsic value soon
ReplyDeleteWith OR up and mother flat,guess have to keep status quo and not doing switching
ReplyDeleteFor OSK property-OR to truly reflect its value, Market market need to offer support and absorb selling pressure on underlying share, OSK property. the effect is multiplier, as OR entitle additional 2 bonus and right subscription at 1.00 same as its warrant have conversion of 1.00
ReplyDeleteTeng
ReplyDeleteThere is opportunity to buyback OSK property the day before the ease of trading of its OR. I think it will rebound back soon after OR ease of trading. Like what experience in MSM and Amfirst
Hng
ReplyDeleteGood info.Will keep track on OSKProp on day before OR cease trading
OSK property OR at 2.60, very to horse intrinsic value
ReplyDeleteOSKProp OR cross 2.60
ReplyDeleteBuying spree is strong for WCT, but not on its WB !? Guess, investor still scary away for sharp selldown just now and yesterday.
ReplyDeletewtk 1.18 sipeh attractive but money lock in ytl alamak.
ReplyDeleteCK
ReplyDeleteI was tempted to buy WTK at 118 ( B117 S 118) but dare not commit too much as I bought YTL this morning
need to open a new account in HLE cash upfront account which charge only 0.1 in order to trade.
ReplyDeleteCurrently using osk which charge me 0.42.
anyone have better rate?
ck5254
ReplyDeleteCan try ECM Libra, cash upfront charge only 0.01%. But there are term and condition. However, it suit for buy and hold investor rather than trading purpose. For more info, call them to check it up.
Teng
ReplyDeleteI queue some WTK at 1.17
ck5453
ReplyDeleteWhat price you tight on YTL ? If wanna to get free lunch from Francis Yeoh, be prepare to run whatsoever at last min share buyback.
The fact that, YTL don't aggressive support share price could be due to weak technical chart and /or could have intention to share similar share price level with YTL power, privatized could be on card via share swap??!
Hng/ Teng,
ReplyDeleteGood info for OSK prop. This morning managed to grap Osk prop - OR at 2.47.��
Derick
ReplyDeleteWelcome to join OSK property club here :).
hng,
ReplyDeleteI tight with 1.80, need to 1.82 only break even with 0.42%.
Thanks for your suggestion.
Really learnt a lot and appreciate it.
CK
ReplyDeleteMaybank cash account also 0.1%,min RM8.So trading counter like YTL( 1.80~),break even is 1cent. But Maybank still charge 0.42% and rebate every month
Derick
ReplyDeleteGood to get OSKProp OR at 2.47. I monitor early morning but buy/sell volume small( <10lots most of the time. Pls note 1lot=100 share)
LATEST from Theedge
ReplyDeleteYTL to privitise more firms
Teng
ReplyDeleteNothing new, already many time Francis Yeoh signal to privatize its subsidary, but the problem is that at what price and exchange ratio. recall, early this year, YTL intend to take YTL cement priavte at lower than its market price!? , sending YTL cement to selling pressure. However, YTL share mange to surge from 1.40 through aggressive e share buyback and reach at current level, all former YTL cement should be happy. I was the one concentrate all my capital into YTL cement and opt for exchange with YTL at 1.40, but already sold out at these level, miss the big runnup YTL share price. However, still manage to reap 5 digit profit from arbitrage price alone
Hng
ReplyDeleteYes,Francis Yeoh said it many times
Hi teng,
ReplyDeleteshould we apply for the maybank cash account?
or same as the original account as long as you have cash??
horse
ReplyDeleteYour MSM can sell at higher level now, Well done
Bought YTL Power WB at 58.5sen
ReplyDeleteCK
ReplyDeleteI am not 100% but should be different account.After I open cash account,Maybank also ask if I want to open margin account
Good for Horse.Hope this cover his loss for MSM-CA.I won't feel so guilty as I was the one introducing CA to Horse
ReplyDeleteAccording to Nanyang, analysts have singled out cash-rich YTL Power as the next logical candidate for privatisation as this company paid out about RM680 million dividend in FY2011.
ReplyDeleteYeoh also added in the interview that YTL group is now in the market looking for takeover opportunities and asset purchase. The markets he is looking at now include Australia and China.
He said: "Every economic crisis and economic downturn provide opportunities for YTL to expand. In previous crises, we had bought Wessex Water of UK, Power Seraya of Singapore, Niseko Village of Japan and other assets."
CK
ReplyDeletePrevious report said YTLPower is too BIG to be privatise.But possibility still there via share swap
Decided to move up 1 sen, bought WYK at 1.18
ReplyDeleteBought YTL at 1.78
ReplyDeleteWhy Maybank investment want ocnfirmation if I want to subscribe OSKProp right issue?Told her I am buying more OR from market,she said so expensive( RM2+),still need to pay RM1.She know bonus issue and warrant but I guess she thought it is 1 B and W for every right issue subsribed
ReplyDeleteanyone tested out AMbank securities. Now lowest 0.035%, platform same as cimb iclick N2N.
ReplyDeleteTeng
ReplyDeleteI can tell you for sure, those broker in investment bank are salary based, they lack of trading experience.
Hng
ReplyDeleteI think so. Early early want me to confirm if I want to subscribe right issue. OR still trading ( in fact 2nd day only).
YTL announce that the bond convert into shares effective next Monday. Will it have any effect on its share price?
ReplyDeleteCK may I know what is ambank securities minimum brokerage? I am using jupiter and osk. Jupiter 0.1% minimum rm10 per contract.
Teng
ReplyDeleteConfirmation can be done till the last day of trading and submit your entitlement.
minimum RM 6 or 0.035% which ever is higher for cash upfront.
ReplyDeletejust now click their website to apply but the form seems like checking your background.
http://www.ambankgroup.com/en/Promotions/Other/Pages/eDirect.aspx
Currently I have 2 - maybank and osk, both also charge very high
0.035% is attractive. I thought it was 0.35%
ReplyDeleteTeng if you interested email me.
ReplyDeleteCurrently I am engaging with 1 of their sales person.
I can forward all the information to u.
She say no limit of time this promotion and if you have cash considered cash upfront. No cash considered normal trade. No need to open two account like HLE and OSK.
CK
ReplyDeleteOther charges by Ambank is quite high.For example,dividens charged is RM5 for RM20-500dividens and 1% for >RM500. Maybank is RM2.50 per dividen received
Hng
ReplyDeleteWCT mother is getting more momentum now
CK
ReplyDeleteAMbank 0.035% or RM6 is good to trade counter like warrants,call warrants or short term trade
I plan to open 2 account.
ReplyDeleteHLA - for divident play, free no charges
Ambank is use for trading and contra purpose.
Hng
ReplyDeleteWCT-WB near 30. You revenge all including yesterday purchase.( again Cantonese saying)
Aiya, YTL closed at 1.76, unable to sellback as i q at my cost 1.78 :(
ReplyDeleteHowever, the is more buyer at 1.76, mean tomorrow YTL may gain
My average cost on WCT-WB for today and yesterday are about 28.3sen. Due to big volume, every 1 sen advance in WCT-WB give rise handsome paper profit. Still hold it, aim for 5 digit profit.
ReplyDeleteHLB account is nominee or personel direct account? If nominee, got any fee charge on dividend?
ReplyDeleteHng
ReplyDeleteI am greedy on YTL as my last trade made 2 sens. Today I want to make 3 sens( 177-180). If I queue 179,it would be matched before 4.45pm. Anyway,hope next tuesday can sell >1.80
WCT closed at 1.17, major shareholder buy spree absence today :(. However, these price consider low enough and limited downside risk. Catalyst will be upcoming Q2 result.
ReplyDeleteSorry, i refer to WTK not WCT typing error again,,,,
ReplyDeleteNot sure. You can email them and ask.
ReplyDeleteHelpdesk@hlib.hongleong.com.my
They are very fast and efficient.
Teng
ReplyDeleteMonday got market
dnt need wait till nxt tues
Kaito
ReplyDeleteBecause monday is public holiday in Selangor,so I thought no market
OSK188 is now the preferred website of choice for traders and investors in Malaysia, according to web traffic counter alexa.com and digital marketing intelligence hub comScore. The ranking is a solid testament to OSK188’s effectiveness as an internet trading website.
ReplyDeleteimg src=https://lh3.googleusercontent.com/-NNCULp9Re4I/UBuWPIlHoyI/AAAAAAAAADI/Vp6Mifv6rkM/s576/image006.jpg
What do you think?haha