Bought APM today, 22nd April 2011

After many days of queuing to buy, it finally matched ! Bought APM @ 5.00 during the last 15 minutes before market ends for the week.

Why APM ?

- major shareholders has been heavily buying back its shares
- good track of quarterly profit
- attractive PE

Sarawak Election Euphoria is Over

April 16th 2011, commonly as 4/16, the Sarawak Election polling day, is now over.  Results is out and BN successfully retains its 2/3 majority.  The week before 4/16, KLSE had a choppy week, with 4 out of 5 days ended in red.  Many speculated that it is tightly linked to the Sarawak Election on 4/16.  Now that it is over and BN once again proven to be the victor, the big question in the investment community will turns to - Will we see a rally on Monday ?

Irregardless of bull or bear in tomorrow's market, we as investors, should always try to focus on investment in fundamentally strong stock.  We should avoid gambling (investment) based on rumours or election euphoria.  In fact, I tried to buy some new stocks on Thurs & Fri but failed to get any, as I see quite a number of stocks in my watchlist has fallen to my target entry price.  Let's see if I get lucky tomorrow.  All the best to investors out there.

Manhattan Fish Market Promotion from April 4th - 8th

Just had my dinner at Manhattan Fish Market.  They are having a promotion for just this week, starting from 4th until 8th (Friday) of April.   Fish & Chips only at RM6.99, after tax is about RM8.  I was expecting the portion of the fish & chips to be reduced reflecting the price reduction, but I was totally wrong ! The Fish & Chips were served pretty fast and it's still hot.  The dory fish meat is huge and thick and there's enough chips to fill most people's stomach.  Everyone at the table were full and satisfied with this generous promotion.  I highly recommend you to check it out before the promotion ends.

Details of the promotion can be found here :
http://www.facebook.com/MFM.My

Portfolio Performance as of Q1 2011

It has come to the end of the first quarter of 2011.  So many events has occurred in the past 3 months and many of them are sadly on the negative side.  Nevertheless, being a good investor, we have to be prepared for any type of news, whether good or bad.  Enough said, below is the my portfolio as of March 31st (Q1) 2011.

Stock	Purchase Date	Selling Date	Purchase Price	Selling Price	Current Price	% Gain/Loss
Mitra	26-Apr-10	17-Jan-11	1.2	1.87		55.83
Bjcorp	18-Aug-10		1.03		1.14	10.68
Fajar-wa	25-Aug-10	10-Jan-11	0.52	0.79		51.92
Mudajaya	27-Aug-10		4.1		4.83	17.8
Supermx	17-Sep-10		4.305		4.31	0.12
Alam	23-Nov-10	17-Jan-11	1.15	1.18		2.6
Tws	23-Nov-10		3.97		8.05	102.77
P&O	1-Dec-10		0.775		0.785	1.29
Huayang	1-Dec-10		0.95		1.61	69.47
Mbmr	22-Dec-10		3.35		3.02	-9.85
Gunung	23-Dec-10		0.765		0.75	-1.96
Pjdev-wc	25-Jan-11		0.305		0.32	4.92
Tambun	11-Feb-11		0.705		0.69	-2.22
Glomac	24-Feb-11		1.72		1.79	4.07
Pantech-wa	28-Feb-11		0.325		0.34	4.62

* Note:  The above do not include any price adjustment due to dividend payout.

Link to my previous portfolio performance

CIMB Research sees fair value for Hua Yang at RM2.76

After the recent stock price surged on Huayang, I can't help but to post the following article published in The Edge Malaysia.  Hooray to all Hua Yang shareholders !


KUALA LUMPUR: CIMB Equities Research said although Hua Yang is a very small property stock in terms of market cap, it has big ambitions and plans to expand its profits several fold over the next three to five years.

It said on Tuesday, March 29 that should Hua Yang manage to deliver its targets of RM500 million to RM600 million in turnover and RM75 million to RM90 million net profit, P/E would plunge to below 2.0 times.

CIMB Equities Research said the high targets are not unrealistic as the group has landbank with RM2.23 billion GDV potential and is always on the lookout for more. Also, it has exceeded its FY3/11 sales target of RM300m and including bookings, has unbilled sales of over RM400 million, nearly 4x FY10’s turnover.

“Using a blend of 40% discount to its RM4.30 RNAV in view of its small size and illiquid shares and a similar discount to our 14.5x FY12 target market P/E, we arrive at a value of RM2.76, which implies 100% upside,” it said.

Source: The Edge Malaysia

Another dividend received

I'm loving e-dividend more and more.  No more runs to the bank to get cheque deposited.  All is done for you and right on the day of payment.   This round, I get notified that my dividend for MBMR has been banked it.  Even though at current price, MBMR is at a paper loss,  I'm still confident on the share price in the longer run.

Huayang has been making a good rally since yesterday.  It managed to touch 1.20 this morning and ended the first half session at 1.19.  I'm still holding on to my Huayang for now.

Citi will do reverse stock split and resumes dividend

Yesterday, Citigroup (C) announced that it will reverse stock split of 10-to-1, every 10 shares of its stock will be exchanged for 1 new share as of May 6.  This means if today you have 1000 units of C, after May 6, you will have only 100 units of C, but the stock price will reflect accordingly.  This reverse stock split exercise will reduces the amount of Citi shares outstanding from 29 billion to 2.9 billion.

Citigroup will also pays a dividend of 1c for every share held.  The CEO of Citigroup commented that it will only start pay higher dividend or share buyback in year 2012.

One should not be too worried by this move as it is necessary for Citigroup to reduce the number of outstanding shares for a better future prospect.