Sold Insas @ 0.57 today - 14th December 2010

I just sold my Insas @ 0.57, which I hold since 12th August 2010. Seeing the upside is pretty limited despite the increased volume and share buybacks, I decided to take profit on Insas and reinvest in another counter. The gross profit from Insas stood at 14%.

Touching a little on TWS. Since my entry on TWS last month, it has risen rapidly and hitting a high of 5.80. I'm still holding on this stock as I feel there is still much upside and good earnings to come.

On the NYSE, my Citigroup (C) is doing very well too. It has surpassed 4.80. Sweet !

Bought Huayang yesterday - 1st Dec 2010

Haha, I didn't realize my order for Huayang matched at the very last minute.  Matched Huayang @ 0.95.  Recently Huayang had a Bonus Issue exercise and since then this counter has dropped to below 1.00.  The PE remains low and its earnings looks stable.  This counter has potential for growth in my humble opinion.

KNM gone thru a consolidation of 4:1, meaning if you have 4000 units of KNM before today, it will become 1000 unit from today onwards.  The stock price reflects its consolidation by opening at 2.08 this morning (0.52 x 4).

TWS continue to gain in stock price.  There is still plenty of room to go up. Hold !

Bought P&O today - 1st Dec 2010

P&O, a company that was in the talk of being acquired by a foreign insurance company but later cancel, has come down quite significantly since the days of talk being acquired.  Seeing that it has dropped and the big boss in P&O is buying in bulk once more, my senses is telling me that something is cooking.  Maybe another potential buyer is bidding on the company once more.  Let's see how it goes.  Oh, I almost forgot to mention my entry price, which is 0.775.

TWS is shooting up nicely after the superb quarterly earning annoucement last night.  A few plantation stocks is on the move.  The same goes for KSENG, which is also after quarterly announcement and Bonus Issue.

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.

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.