1. OSKPROP - Sold some at 1.03 and bought some back at 1.01. Realised contra and paper gain. ^^ Company continue to have shares buy back, may in turn causing the price surge higher. ^^
2. KULIM-WC - Bought very small amount of this warrant at RM1.02, joining the KULIM-WC club. The impending special dividend around 90sen to 93sen will serve as a catalyst to drive the underlying share higher. ^^ This will evetually benefit the Company Warrant as there maybe an adjustment of exercise price after the proposed special dividend. ^^
3. WCT-WB - Thanks to CK for the registrar office number. According to the officer, we will be getting our conversion mother share sometime next week. ^^ Hope it is a good news by then. ^^ Will repeat the same exercise again if the discount is still wide. Hopefully, not getting caught. ha ha ha !!
4. Watch List - OSKPROP, KULIM-WC, WCT-WB, MPHB
5. Merry Chrismas & Happy New Year to All !!
6. Good Luck.
Watch POS as well. ^^
ReplyDeleteIs IJM-WC a good buy now? A proxy to the mother shares.
ReplyDeletehng
ReplyDeletewill mbf wa follow mother shr n surged whn sp. div is announced?
Keck seng keng,
ReplyDeleteyesterday want to go in but hesitate ...
MIsssss
Keck Seng PLEASE CONTINUE uptrend.I want to get new IPHONE
ReplyDeleteJoin Kulim WC club
ReplyDeleteBought some at 1.01
chenheng
ReplyDeletePossible, although warrant are not entitle to dividend nor adjustment in exercise price, but if time is allow for conversion before ex-date and if Tan Sri keep accumulate warrant, price will spike up and in percentage could even higher
Hng,
ReplyDeleteIs it time to relook at ytlp-wb???
So many news now on privatization of ytlp lately.
KSeng 4.42 now
ReplyDeleteHwangDBS sees “dividend windfall” for Keck Seng shareholders
HwangDBS Vikers Research (HDBSVR), which is recommending a “buy” call on KECK SENG (M) BHD with a target price of RM6.00, said it expects a “dividend windfall” for shareholders. “We believe that Keck Seng is primed for a major re-rating with potential dividend windfall for shareholders. We recommend that this is an opportune time to accumulate to ride on the catalyst as the market has yet to appreciate its full potential,” HDBSVR said in a research report.
According to the research house, Keck Seng could declare a bumper dividend of RM359 million or 96 sen per share by virtue of its section 108 balance, which has just expired. If the company does not make full use of the credit balance, any unutilized credit balance will be forfeited.
HDBSVR also cited Keck Seng’s significantly undervalued land bank in Johor as a potential catalyst to increase the company’s target price by 12% for every RM5 per square feet (psf) land price increase. “Its 1,850 acres of prime Johor land bank surrounding Johor Bahru has not been revalued for the past 32 years. Current share price implies a grossly undervalued RM2.70 psf (versus over RM20 psf in Johor Bahru currently) valuation for the land bank which is totally unjustified,” the research house stated.
Given the robust development in Iskandar Malaysia together with the project completions of Legoland and Coastal Highway, Keck Seng’s land price appreciation is set to further propel. “We arrive at our fair value of RM6.00 based on 30% discount to our conservative SOP valuation of RM8.50,” HDBSVR said.
Keck Seng’s third quarter ending 30th September saw revenue of RM242.4 million, a decline from RM335.5 million registered in the same quarter last year. Third quarter net profits also declined from RM 25.2 million last year to RM19.3 million this year. For the nine months ending 30th September (9M12), earnings rose 7% year-on-year to RM60 million despite weaker crude palm oil prices.
theedgemalaysia
ck5354
ReplyDeleteYa, privatize is a today market theme.
kulim special dividend; was it end december? anyone knows when? thanks
ReplyDeletehng/horse
ReplyDeleteoh uh,kulim wc under some selling pressure.
Kulim-wc now <1.00
ReplyDeleteYa! both kulim and WC under selling pressure due to technical overbought and adjustment for recent strong runup.
ReplyDeleteHigh court already approved KFC and QSR capital repayment. Kulim will use all the proceed and payout as special dividend of 90sen and lead to adjustment in kulim-WC exercise price from 3.85 to around 3.13.
The whole exercise, capital repayment and special dividend payout must complete by end of Jan, thus, the announcement should be make anytime now and 2 week after for ex-date and subsequently allow another 2 week for payment
SP setia and WB, both have second round of mark up.
ReplyDeletehng,
ReplyDeletei am newbie in this forum.
need your advice whether to keep kulim-wb?
or buy kulim now?price is 4.78 now.
thanks.
siapa berani spsetia-wb???
ReplyDeleteI not dare...
hng,
ReplyDeletethx for the info on kulim
so theoretically latest announcement date will be jan 3
SPSETIA-WB in rampage mode...
ReplyDeletetcg82
ReplyDeleteI think so, + or - lah
twshien
ReplyDeleteCan't advice you, must make own decision. You can refer to information posted here but have to take own risk to invest or not.
ck5354,
ReplyDeleteJust fast in fast out earn a bit...lol
SP setia WB follow SP setia seem losing momentum now....party over!?
ReplyDeletehng,
ReplyDeleteWait 2nd session, let's see...
hope to buy more kulim-wc^^
ReplyDeleteThe selling pressure on both kulim and WC seem ease off a bit. Once market absorb these T+3 pressure, stock will be able to resume uptrend and await for MAJOR catayst: special dividend of 90sen + adjustment in exercise price from 3.85 to 3.13
ReplyDeleteFinally YTL Power and WB fly up to catch current theme and year end window dressing
ReplyDeletewhy airasia so keng eh!
ReplyDeleteAnyone on YTLP or wb at the moment?
ReplyDeletemissed the boat to buy Kulim-wc at low
ReplyDeleteWow.. what happen to YTLPOWR?? suddenly shoot up.. I though my shares in YTLPWR-WB gone case already previously...
ReplyDelete@Gark,
ReplyDeleteSalted fish alive (in Cantonese) :)
The first batch of WCT-WB conversion will be listed on Monday.
ReplyDeleteKindly be advised that the above mentioned Company’s additional 1,204,000 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00a.m., Monday, 31December 2012.
gark keep or sell ytlpower-wb???
ReplyDeletehng hopefully my wct 1st batch in on monday
ReplyDeleteeven at 0.43, my YTLPPOWR still at loss, so I keep first. Maybe can exchange later with YTL shares :)
ReplyDeleteck5354
ReplyDeleteWhoever act fastest, will get rewarded first
Hopefully no big selldown... I still haven't converted hehe.
ReplyDeletegark why so long.
ReplyDeleteyou still wait for what.
kulim wc second round coming????
ReplyDeleteCK No choice lar.. I am overseas until CNY, so I can only come back and convert. Money all in FD, so have to convert to cash and buy draft.
ReplyDeleteKulim and WC are about to continue head north
ReplyDeleteGark
ReplyDeleteTake so long holiday oversea? or on business trip?
Next time can opt for online FD and open another nominee account to facilitate any future need.
SP setia and WB continue losing momentum, whoever dare to trade in morning session and caught at higher price must rely hope on market maker to continue mark up before expire date on 3 Jan
ReplyDeleteBought CCM at 85sen
ReplyDeleteSold back CCM at 86sen, realzie intraday gain
ReplyDeleteHng, not holiday or business trip. I am currently working overseas for few years already. A nominee account sounds like a good idea. :)
ReplyDeleteGark
ReplyDeleteOversea working, very good. If is Singapore dollar, it will let you earn 1.5 more, if is US dollar, 2x faster to accumulate wealth.
Too bad i earn Indonesia Rupiah, the currency already drop ~5% this year.. so other people got increment, I got decrement. :P
ReplyDeleteBut ok lar... since all expenses paid, not much need to spend money. Only food and entertainment only, so hopefully can accumulate more retirement money. :)
ReplyDeletehey guys, jus a question, how does privatisation affect warrant holders, like in YTLPower's case?
ReplyDeleteArthur,
ReplyDeleteUsually, if privatization, warrant will count at conversion rate.
For example YTLP-WB conversion is RM 1.21, conversion is 1.85 then paid will be 1.85-1.21. The payment can be either cash or shares equivalent, In case of YTLP most likely to convert to YTL shares IF it happens.
Okay, so i guess we should keep it longer, since most privatisation news always bringabout higher upside?
ReplyDeleteNot necessary, YTL boss is known for his 'kiam siap' he privatized YTL Cement with -1% premium to market price...
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteWow.YTLPower finally show its 'keng'.I hold quite substantial of YTLPower-WB and some mother
ReplyDeleteSP Setia-WB-Too bad it did not go to 1 sens.Anyway still make some money from mother
Uchi also doing well after ex
Kulim oredi announced sp div. Ex date 9/1/2013. 2moro Kulim n warrants will FFFLYYY!
ReplyDeleteSo fast announcement liau. Chicken run liau :(
ReplyDeleteGark
ReplyDeletesince you working in ID, you should be earning USD, right? haha
uchitec aiyah forgot to buyback this morning :(
wct still stable
kulim congratz all holders huat liao
ap div 90.94sen... ho sheh liao tmr ^^
ReplyDeleteChicken run jor....aiya
ReplyDelete