1. IGBREIT - Sold all of them at RM1.40 and bought them back at RM1.38. 2sen profit. ^^
2. ASTRO - Tomorrow will be the last day of IPO application, will try very small units on this.
3. I do hope market is steady starting next week.
4. HEKTAR - Will be receiving my subscribed units on 2/10/2012 and i hope to be given excess as well no matter big or small. ^^
5. Watch List - IGBREIT, HEKTAR, IJM, APOLLO, CARLSBG, GLOMAC
6. Good Luck all.
Horse,Hng,Teng
ReplyDeleteI am eyeing 3A as it is now pretty cheap. Appreciate your knowledge re it's fundamentals .
Thanks in advance.
Alwayswin111
ReplyDeleteSorry,totally new to 3A company. Are they making A4 paper?
Teng
ReplyDeleteThree-A Resources Berhad (3A) is an investment holding company. Through its subsidiary, San Soon Seng Food Industries Sdn. Bhd. (SSSFI), 3A is engaged in manufacturing and selling of food and beverage ingredients. SSSFI's products are caramel colors, glucose syrups, soya protein sauces, natural fermented vinegars, distilled vinegars, rice vinegars, caramel powders, hydrolyzed vegetable protein (HVP) powders, soya sauce powders and maltodextrins. The Company operates in Hong Kong, China, South Korea, Singapore, Indonesia, Philippines, Australia and United States of America. The Company's Three-A Food Industries (M) Sdn. Bhd. Is an investment holding company. The Company's activities are predominantly in the manufacturing industry segment. Kerry Investment Co. Ltd., a 98.39% owned subsidiary of Wilmar International Limited, to incorporate a 50:50 joint venture company, Three-A (Qinghuangdao) Food Industries Co. Ltd.
I think Robert Kuok bought into the company few years back around the time he got out of the sugar business in Malaysia .
Hng
ReplyDeleteWah your IJM .... Huat ... Loh.... good for you
Hng
ReplyDeleteBut if unable to go above 4.80, not so good ya?
3A makes food additive, they have JV factory in china next to wilmar soybean crushing plant. Wilmar JV with them as they are the largest soybean crusher in china, and 3A uses the leftovers for the HVP. 3A is one of the largest HVP producers in the asian region. Although their plant is recently up and running, the high cost of soybean is putting a dent in their profits.Also Wilmar recorded loss on their soybean crushing operations as well. So margins will take time to recover. Good company, decent margin, niche product just need to time the turnaround. :)
ReplyDelete3A is also trading at 6% DY bit with PE of 25...even a good company is hard to justify the PE, and since growth is slower than expected, the prices has fall over 30% in the past year.
ReplyDeleteSorry should be 1.2% DY for 3A.. wrong calculation...
ReplyDeleteBought Faber at 1.28
ReplyDeletealwayswin111
ReplyDeleteStill keep all IJM, looking for RM5.00 target price.
Teng
ReplyDeleteDijacor -OR follow previous Bjcrop-OR, trade at lowest and yet no one dare to buy in
Hng
ReplyDeleteIf Dijacorp trade below 1,their RI maybe undersubscribed.
Teng
ReplyDelete100% underspecified like what happen in bjcorp. But, major shareholder may take opportunity to increase their stake at the expense to other shareholder at cheap entry price
alwaywin111
ReplyDeleteIJM may have potential follow kulim recovery path, slump and recover
WCT-WB is now trading 1% premium.. hmm... for 6 month expiry...
ReplyDeleteHng
ReplyDeleteThanks.
Gark
Thanks for info.
Technically 3A has a gap support at 0.97-0.945 and a Fibonacci 61.8% support at 0.915. Am watching these levels. Volume is miserable.. ...
Gark
ReplyDeleteWait for discount or negative premium.
Hng
ReplyDeleteAre you looking at IGB?I bought 2 batches at 2.21 and 2.25.Sold some at 2.31. Now seems it is below 2.3 again. Not sure to sell or keep?
Teng
ReplyDeleteIGB, yes miss it when it down to 2.21, will keep watch to buy on weakness.
Hng
ReplyDeleteAlmost everyday IGB has share buyback but share still down last 2 weeks. I got IGB last week when chitchat with CK online.we talk about IGBreit and I was mad not able to get UGBreit at 1.37. So switch to IGB
gark
ReplyDeleteWCT mother up another 2 cts,and WB maintain or drop 0.5-1 cent,premium will be zero or negative
Teng
ReplyDeleteThe more safer level to enter IGB will be around 2.00-2.10, which i think is hard rock bottom line already.
Teng
ReplyDeleteYou will have pretty of time to enter IGBREITS once kassest ex for its entitlement to distribute IGBREITs to its shareholder, Liquidity will greatly increase
Hope UEMland can stay above 1.70 today
ReplyDeletehi guys, just a question. Glomac-Wa exercise price at 0.550 conversion 1:1. Currently its trading at 0.23 and mother is at 0.805.
ReplyDeleteSo 0.23+0.550= 0.780 only?
Means still profit of 0.25 if l;ets say today it ends?
Hng
ReplyDeleteTrue.Once Kasset shareholder received IGBReits,more people may sell
Hng
ReplyDeleteYou sold all your UOADev?I sold half last friday at 159
Teng
ReplyDeleteAlready sold off UOAdev last week, now wait for UEMland to perform shows
Hng
ReplyDeleteUEMLand >170 . Good profit for you
Teng
ReplyDeleteI hope next turn will be Faber, already hit hard rock bottom, wait for rebound soon
You all think YTL right worth to buy??
ReplyDeletetrading on 3rd october 2012.
details: http://ck5354.blogspot.com/2012/10/ytl-right-trading-date.html
Hng
ReplyDeleteFollow you to buy Faber at 1.28
sold all IGB at 232. realise profit first
ReplyDeleteAlso sold UOADev at 161.
Luck is not with me. Sold IGB and UOA,both counter go up
ReplyDeleteHng-Bring me some luck esp on Faber
Teng
ReplyDeleteWith Budget out, and MOH granted 15% increment in budget, Faber should be able to secure extension by now with higher charges and wider service coverage. Alternatively, IHH with larger cap could launched takeover on Faber to complement its exiting healthcare service
Teng
ReplyDeleteYour UOAdev continue up, Congratulate, laughing all the way to bank :)
Faber by OSK 10 August report
ReplyDeleteFaber’s 1HFY12 net profit made up 47% and 56% of our and consensus’ FY12
forecasts. The numbers matched our estimates as we anticipated a stronger
showing in 2HFY12, especially from its property division. We maintain our
forecast and Trading Buy recommendation, at an unchanged FV of RM2.34, based
on a 10% discount to our SOP valuation. Despite the prolonged delay in renewing
its hospital support services (HSS) concession, we hold firm to our view that a
renewal is forthcoming given Faber’s vast experience and good track record.
Teng
ReplyDeleteNever mind lah, so long continue making profit, 'sikit sikit lama lama menjadi BUKIT'
Hng
ReplyDeleteYes,make money also complain.
Look forward to make more money
ck5354
ReplyDeleteFaber should have limited downside risk indeed, our patience will be payout soon.
worst come to worst trade as dividend stock.
ReplyDeleteQ4 estimated 8 cents,
so based on 1.28, it will be 6.25% yield.
ck5354
ReplyDeleteFaber is also cash rich company, paying higher than 8sen dividend no problem at all. Look forward at least 10sen dividend
Teng
ReplyDeleteYou can buyback IGB already to make contra gain
Bought more Faber at 1.28
ReplyDelete