I sold Kfima today, 6th October 2010

I bought Kfima somewhere in the middle of last year.  It's a very strong fundamental share.  Ever since I had this counter in my portfolio, I have received several times of dividend payout.  In case you are wondering why I decided to sell it, well, for one, it's been over a year since I had this counter and second, it's about I raised some capital for some new potential entries in near future.

I sold my Kfima at 1.15.  Bought in at below 0.70.  That translate to about over 65% gain, excluding dividend. This is the beauty of fundamental stocks and patience.

Also, I have 2 of the counters in today's Top 10 Gainers. Hooray ! Specifically, Mudajaya and Supermx.

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 !

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.

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.