Today is a red day for KLSE, a day after Mooncake/Lantern Festival. Majority of the stocks under my radar experienced a mild panic-selling activity. This includes Mudajaya and Supermx, which touches 4.10 and 4.00 respectively. When everyone starts selling, especially a panic selling is detected or majority of public is in selling mode, it's a great opportunity to buy in on those solid fundamental stock. Hence, I decided to buy more Supermx today at 4:04. My current average price for Supermx now stood at (4.57 + 4.04 ) / 2 = 4.305.
EPF is still on continually acquiring more of Supermx in the last few days even though the rubber sector sentiment is dropping. Many investment house are reducing their target price for the major players in rubber sector. Nonetheless, I'm still not worried.
Showing posts with label rubber sector. Show all posts
Showing posts with label rubber sector. Show all posts
Thursday, September 23, 2010
Friday, September 17, 2010
I bought Supermx today, 17th September 2010
I've been eyeing on a few rubber counters for a while now. Finally decided to buy in on Supermx @ 4.57. Noticed EPF started accumulating on this counter as well. In case you are wondering why I picked Supermx over the rest, well, in my opinion, Supermx has a better chance of getting a higher return in a shorter term. It has dropped some RM1.00 ever since bonus issue ex-date. Furthermore, there are many analysts who favors Supermx more, which translates to better support on the stock.
Wednesday, August 18, 2010
Bought BJCorp today - 18 Aug 2010
Finally, after a week long of queuing to buy BJCorp, it has finally matched @ 1.03. There is a strong support at 1.03. There is little downside risks in my humble opinion. Goldman Sachs has a big stake in BJCorp and so does the owner himself, Vincent Tan. Doubt they will let it fail.
I'm still looking at a few other counters. Will post here if I manage to get in.
Talk a bit on overall KLSE market. The Genting effect is starting to wear off. It's T+3 day after all. Supermx suffers a 21c, ending at 5.51. The rubber sector seemed to have cool off. The rise in Ringgit currency has affected in the rubber companies bottomline. Even though Hartalega (Harta) is announcing a bonus issue of 2:1 and a dividend of 5c, the stock remained relatively expensive to enter now. It's out of my radar at the moment.
I'm still looking at a few other counters. Will post here if I manage to get in.
Talk a bit on overall KLSE market. The Genting effect is starting to wear off. It's T+3 day after all. Supermx suffers a 21c, ending at 5.51. The rubber sector seemed to have cool off. The rise in Ringgit currency has affected in the rubber companies bottomline. Even though Hartalega (Harta) is announcing a bonus issue of 2:1 and a dividend of 5c, the stock remained relatively expensive to enter now. It's out of my radar at the moment.
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