Sold Tambun, 11th August 2011

I have just sold off all my holdings on Tambun @ 0.67.  Today is also the ex-date for its 4.6c dividend, which is the reason why the stock price adjustment from yesterday closing of 0.72.  If including the dividend, I still make a small profit, a mere 2%, out of Tambun.  Without the dividend, it is at a loss of 5%.  However, the main reason I realized (sold) my small profit on Tambun is that I believe I can get a better ROI by swapping into other stocks.  Yes, I intend to do swapping and as such, I will be hunting for a bargain.


The 4.6c dividend will be paid out on 7th Sep 2011.

Bought MBSB-WA - 5th August 2011

The selling pressure continues.  Took the opportunity to buy in MBSB-WA @ 0.74.  The warrant will expire in 2016, still about 5 years away.  The mother share, MBSB, just reported a very strong quarter earnings.  The PE is very low.  If MBSB continues to report such strong quarters, the share will definitely continue to surge.

Sold Armada today, 5th August 2011

The DJ suffers a whopping 512points last night.  This causes a panic selling across Asia region, including KLSE.  Major players including Hang Seng and Nikkei suffers between 3% to 4% plunge in the first half of trading session.  On the other hand, KLSE performed better in comparison with other regional markets.

Every plunge is an opportunity, in my opinion.  Trying to take advantage of the discounted price, I have to decided to sell off half of my Armada holding at 4.00.  The afternoon session is about to start.  Let's see if I managed to catch any good stock at a bargain price.

Bumi Armada, debut with a bang

Bumi Armada (ARMADA) is listed on Bursa for the first day today, 21st July 2011, with a starting price of 3.65.  Initially, the IPO was priced at 3.15 per share, but it was later adjusted to 3.03 for retailers.  The 0.12 difference will be refunded to their bank account for those who are successful in applying for the IPO.

It recorded over 3 million lots exchange hands on its first day of listing.  Similar to previous few big IPOs, including PChem, MSM & MHB, there is a huge interest in the share from various investors.  The stock price increased steadily throughout the day and closed at a record 4.14, a gain of 1.11 from the IPO price.  The highest price of the day is 4.15, only 0.01 higher than the closing price.

Tomorrow is the last trading day for the week.   Volume for Armada is expected to be strong and it is very likely that the stock price to continue on its uptrend.  I personally still holding on to my Armada shares and will post it as soon as I decided to lock in my profit.  Hooray to Armada !

Huayang proposed Bonus Issue

Huayang, reported a superb 1Q earnings today, 61.75m in revenue with a net profit of 11.48m or 10.63 cents.  That is an increased of 133.81% over last year's Q1.  Huayang is definitely on the right track and that explains the recent interest in its share.

At the same time, Huayang also proposed for a 1-for-3 bonus issue.  That will definitely gain additional interest from investors and thus pushing the share price higher.  Hurray to Huayang !

Finally a successful IPO application

After so many attempts in IPO application, there is finally one that I successfully applied for, Bumi Armada.  One of the biggest IPO this year.  The listing date is on the 21st of July, a week from now.  Hopefully it will be a great debut.

Bought Mudajaya today, 13 July 2011

Just bought Mudajaya @ 4.46, just to make sure I don't get odd lots after bonus issue, which will ex tomorrow, July 14th.

Huayang had a sudden surge, reaching 1.75 today. Very nice and I'm still holding on to my Huayang.
Another side updates.  TWS latest dividend of 20c went ex yesterday.