Tuesday, August 31, 2010

DJ weakening, at 10,000 mark

After 1 day rally, DJ is back to bearish.  Once again, it is touching the psychological 10,000 mark towards the end of the trading day.  Citigroup (C) too is back to below 3.70.  Time to accumulate more capital and invest.

As for KLSE,  Maxis just announced a 1 billion net profit and giving 8 sen dividend.  The surprise is the sales of over 44,000 lots at the very end of trading day, pushing the price down by 7cents.   Wonder what's at play here.

Kfima too announced a 5cents dividend.  The stock price remain steady at around 1.16 - 1.20. A nice share to hold for long term.  I am still holding my Kfima and has been for over a year now.

Finally, Happy Holiday to all Malaysians !

Friday, August 27, 2010

Bought Mudajaya today - 27 Aug 2010

Mudajaya, a company that its share plunged from a high of 6.00 mainly due to the probe by SC, caught my attention when it hits below 4.00.  Having a good support at the range of 4.06 to 4.20, I decided to queue to buy some and finally got it today at 4.10.  It's been a few weeks since the company was probed by SC and no news released so far.  As the saying goes, no news is good news.  At the same time, there were some major shareholders who acquired some good quantity of shares too.  The latest quarter earnings released just days ago and it looks really good.  With all of these factors put into consideration, I'm confident Mudajaya can move back into the range of 5+.

Thursday, August 26, 2010

Good opportunity to be part of Citigroup (C) shareholders

DJIA fell below 10,000 points briefly in the early trading day and ended with a small positive gain.  Even though the DJ managed to close green, the market is still very bearish.

Citigroup (C) closed at 3.68, which is a pretty good entry price.  My entry price was 3.82 and I'm holding it tight.  I have full confidence in C that I will make some pretty nice gain within a year.  Bear in mind, I'm not alone in this.  Many fund managers are also buying into C in huge volume.  If these billion-dollar investor are not worried, why should I ?

Wednesday, August 25, 2010

Bought Fajar-WA today, Aug 25 2010

Today's KLSE experienced a semi panic selldown.  This is the time I want to buy or accumulate.  There are so many attractive counters, but I only got myself Fajar-wa @ 0.52.  If the market continue to be in panic selling mode, I will most likely accumulate more, either in those that I have bought or some other counters that have hit my target buying price.  The market suddenly looked so yummy !

Also, the top 30 blue chip that determines the KLCI did not perform its magic.  Many counters seemed to recover quite a bit after 4pm.  Overall, an exciting day for me.  What about you ? Oh yes, this is another benefit of investment using Fundamental Analysis (FA) method, able to sleep in peace at night, sometimes with a smile.

Tuesday, August 24, 2010

Funny KLCI

Sometimes I feel today's KLCI, which is based on top 30 stock in Malaysia, is a big joke.  A single fund, namely EPF, is able to control KLCI on a long term basis.  Imagine what George Soros can do to KLCI should he decide to play with KLSE.  Instantly, he becomes the market maker of KLSE.

Apart from the ridiculous KLCI, today's top performer, LayHong, is an egg producer.  QL decides to buy a stake in it.  Personally, I have no interest in egg business.  Another stock that is closely linked to LayHong is London Biscuit.  Lately it is gaining popularity among many investors.  The stock price is relatively stable but it's not under my radar.

Monday, August 23, 2010

Which is better ? Fixed Deposit Interest vs Dividend Play in Stock Market

I believe majority of stock market investors would agree with me that one will earn more income by going the dividend play approach in Stock Market.  Possibly 6% or higher per annum in comparison to a mere 3% from FD interest.  Among the most popular high dividend yield stock are YTL Power, Public Bank and LPI.  Not only will the investor benefit from its high dividend yield, but also the stock appreciation in value.  On average, one can be assured of an average of 10% annual return, unless there is a global crisis or recession taking place during the year.  No doubt FD is almost risk-free, but some wisdom and patience, I feel taking a little more risk for an almost triple the returns is justifiable. 

As for myself, I love taking risks, which sometimes is not a good thing.  I hate to invest in something which does not seem to move for a long period of time.  I find them to be too boring for my taste.  A moderate risk is my type where I can feel the price movement in 3-6 months time frame for a 10% to 20% gain.  Let's hope my risk appetite pays off.

Friday, August 20, 2010

Bought Citigroup (C) - 19 Aug 2010

Finally, the long awaited Citigroup (C) fell to my target buying price, 3.82.  It ended 3.79 though, but one must have a target or else one will never be able to buy anything.  I've been targeting C for quite some time now but was forced to continually raise my target price in order to match my buying queue.  Nevertheless, I'm still happy that I finally own C !

KLSE remained very stubborn in terms of index.  Most foreign stock exchange were experiencing correction but not KLSE.  However, even though the KLCI is up quite a bit for the week, many counters do not share the same direction.  Could this be a window dressing for the upcoming Hari Raya festivals ?

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.

Monday, August 16, 2010

Genting led KLSE to win again

Genting surged over RM1.00 in just 2 trading days. It's amazing how the KLCI is so dependent on the top 30 blue chips in KLSE.  The rest of counters could be having free fall but all that's needed is a few top heavy weighted counters to go up slightly, it will pull the index to green, at times very green.  KLCI is such a lousy market sentiment indicator since the change, unless of course you are purely a blue chip investor.

It's interesting to note that Genting SP is getting a Target Price (TP) of SGD2.00.  Nice but I have no position in it unfortunately.  Gratz to those Genting loyal investors.

However, INSAS is up by 0.01 today.  KFIMA did well today too.  It's trying hard to break 1.20.  Didn't manage to get anything new today though.

Sunday, August 15, 2010

Talk about food. Hey, it's weekend !

It's almost the end of this weekend.  Decided to go have a nice meal.  Went to try El Mondo at E-Gate.  Ordered a Seafood Pizza.  Waited about 20 minutes before it's served.  Although the pizza served right after it came out of the oven as it's very hot, but I find the taste to be below par.  For the price I pay for it, I'd say it's pricey.

Apart from food, this weekend is a drama-series weekend for me and my girlfriend.  This is the first time I followed a Taiwan series for a long time.  The title is SweetHeart 海派甜心, another romantic and love conflict drama but it was portrayed in a funny way which how it got my interest.  Finally finished the series today and overall i'll give it a thumbs up.  The series also premier a few nice songs which I'm listening to it now. 

Friday, August 13, 2010

Friday the 13th but a good day for KLSE

Today is the black Friday but KLSE seem to be benefiting from it.  Primarily driven by Genting, the top gainer of the day, a whopping 6% gain, due to Genting Singapore released of a very nice quarter earnings.  KLSE ended up 10pts today.

Insas gained 1cent today with a moderate volume, ending at 0.51.  It's still looking good.  Have to wait until next week before I can move into other counters.  Still hopeful for another 1 or 2 days of bargain hunting next week.

Kumpulan Fima (KFIMA), one of the counter that I hold since last year, seems to be surging of late.  This is one of my best performance counter.  Surpassing 80% gain since I bought it and not rushing into selling it.  Potential for growth is still very much there.  Low PE with steady profit.

Let's see how well DJ perform tonight.

Thursday, August 12, 2010

Bought INSAS - Aug-12-2010

Today KLSE suffers a 10 points drop in the morning, most counters were down then.  However, it managed to recovered quite a bit to end slightly in the red.

I queued to buy on several counters but only managed to get one of them.  So close on the rest.
The only one I got was INSAS @ 0.50.  It's for short term play, but not contra.

I'm hoping for another bargain hunting day tomorrow.

DJ down by a whopping 265 points

Wow, DJ plunged 265 points last night.  Many financial stocks fell between 3% to 5%.  Looks like a good opportunity to do some hunting tonight.  Same goes for KLSE.  Finally I might be able to pick up something today.

Wednesday, August 11, 2010

DJ down but manage to recover from its low

Last night drop at the opening bell of DJ signals a cautious market towards the economic outlook.  Nevertheless, DJ manage a pretty good recovery from its dip in the early hours.

There are several counters that i'm eyeing and hoping it reaches my target entry price.  I will blog it up when i make a position on those companies.

KLSE didn't do so well in the morning.  However, the current trend seems to be pointing at Red chips, China shoemaker companies.  Xinquan had a very nice stock price increased.  Now seems to be Multi Sports (MSPORTS) turn.  It gained some 10% from it's opening price yesterday and another 10% from today's opening price as at the end of morning session.  The question is do you dare to gamble on it ?

Tuesday, August 10, 2010

My first post

Hi Everyone !
I've been in stock market investment for almost a decade now.  I had to admit that I had a rough start, quite a sumful lesson fee I must say.  I never give up though.  The interest is there and I still aim to earn extra cash from the market.  So here I am and see if I'm able to make some profit by end of 2010.

Some facts about me.  I have never attended any formal training in investment.  I learned through mostly experience and reading.  I heavily rely on Fundamental Analysis (FA) method.  Technical Analysis (TA) method is just not my type.

More facts about me.  I suffers from a condition which commonly known as Retinitis Pigmentosa.  It's basically an eye condition whereby I will become blind as I age.  Hence, the need to earn extra cash now and saving for that day is crucial for me.

That's all I have to say for now.  Wish me luck in my quest to earn some extra income from the local market.