Tuesday, November 23, 2010

What happen to SUPERMX & MUDAJYA

Touch a bit on the 2 counters I'm still holding on to, Supermx and Mudajaya.  I'm aware Supermx reported a drop in this recent quarter which was reflected in its stock price selldown of late.  The good news is that Supermx managed to regain its losses and hovers around 4.50 even though there were some selling activities by EPF.  The potential of growth is still there.  I'm not worried about Supermx.

On the other hand, Mudajaya seem to be weakening of late, dropping below my entry price.  Interest in the counter seem to have dwindled after the SEC probing incident.  But that's alright.  I don't foresee it to continue drop much further from my entry price.  Still holding on to my Mudajaya.

Bought TWS today - 23rd Nov 2010

Aha, double matches today.  Earlier today, I bought in on Alam.  Towards the closing of KLSE market, I managed to get TWS @ 3.97.

Why TWS ?

For the past 2 quarter earnings, TWS reported a 600% increased profits.  In addition to that, just few days back, TWS Plantation reported equal increases in profits for this quarter.  Since TWS has a substantial stake in TWSPLNT, my prediction is that TWS will report an equivalent profit for this quarter in next few days.  Based on FA, the PE for TWS is somewhere around 5 or even lower if TWS continue to report superb quarter earnings.  Hence, there's plenty of room for TWS stock price continue to climb.

The only downside is its low trading volume.  This is probably due to its low floating shares.

Bought Alam today - 23rd Nov 2010

It's been a while since I last posted something here.  Well, for the past 2 months, I used my remaining capital to apply for the 2 major IPOs, MHB and Petronas Chemical.  Sadly, both were unsuccessful for me.  This is the main reason for my absence.

Since then, I've been eying on few counters.  Several attempts made to buy those counters at my target price but none were matched until today.  Practically entire regional market were down today.  Took this opportunity to enter Alam @ 1.15.  It ended at 1.12.   KLSE was down 15 pts today.  Could this be the beginning of a correction ?

Do note that today sell down could also be attributed by the news that North Korean fired artillery shells on to South Korean and 1 casualty were reported.