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Thursday 31 March 2011

Dividends for Week 14: 4th to 8th April 2011



Dividends with ex-date for Week 14, from 4th to 8th of April, 2011:

Monday 28 March 2011

Sold GENS-CD with 14% gain in 2 weeks!



Managed to dispose GENS-CD at RM0.10 with a gain of 14% in 2 weeks time.

With more cash now, I should proceed to stalk more penny stocks!

Penny stalk under KLSE888 radar:

  1. GENS-CC & GENS-CD
  2. PCHEM-CA (current premium at -1.08% @ 37.5 cents)
  3. MUDAJYA-CC & MUDAJYA-CD
  4. MAHSING-CB

JCY make a strong comeback today, closing at RM0.735 (+7cts, +10.5%)



JCY had fallen a lot lately, reaching 52-week low at 57.5 cents (15/3/2011). Everyone is avoiding this stock, and there's not much mention in any share forum. I had been interested with this stock since it slide to 90 cents, and had the urge of buying at 87 cents, but when it had fallen more, I decided to sit on the fence to avoid catching the "falling knife".



Today, it surged more than 10%, reaching it's highest at 74.5 cents. I see it rise to 70 cents this morning, but I was too nervous to go in, since it has up 4 cents. Little did I realise that it can go up to 74.5 cents!

And the biggest winner? JCY-CC, which closed at RM0.07 (+1cts, +16.7%). It's highest today is RM0.08!

MEGB met resistance at RM1.83



MEGB can't fly today due to resistance at RM1.83. It is unknown whether it was the doing of it's 2 previous investor (FMR LLC and Smallcap World Fund Inc), as both of them had ceased to be major shareholder (investor don't need to report buy/sell of company share once their shareholding falls below 5% of total company shares).

Anyhow, there seems to be a good news (which won't affect the earnings of MEGB): MEGB had entered into an agreement with Kinta Medical Centre Sdn Bhd (KMC) for both parties to jointly collaborate on academic research and development in physiotherapy with technical assistance from KMC at a centre to be named Masterskill-KMC Physiotherapy Centre to be set up by Masterskill in Kinta Medical Centre owned by KMC, to engage in the following with operational costs and expenses incurred by the Masterskill-KMC Physiotherapy Centre to be borne by KMC and any profit received by Masterskill-KMC Physiotherapy Centre shall be distributed equally between Masterskill and KMC for a period of five (5) years commencing from 25 March 2011:-

  1. providing the physiotherapy education and training programme (“Education”);
  2. research and development activities;
  3. providing physiotherapy services to the public and to accept Masterskill’s students for clinical attachment purpose; and
  4. such other business, purpose or activity as is necessary or convenient to the conduct, promotion or attainment of the clauses (1) and (2) above.

I am still holding MEGB shares (with 3.4% profit at RM1.83), and I shall decide within this week on whether to swap with another potential stock to take a quick profit, or wait, as the current resistant seems to be the doing of FMR and Smallcap.

Thursday 24 March 2011

Why KLSE888 portfolio chooses MEGB & GENS?



Why I pick MEGB:
  1. Earnings are strong, PE 7.5 (latest quarter earning = 9cts, future PE = 5.2 (i.e. RM1.87 / (9cts x 4 quarter) )

  2. It had fallen to recent new low, with no clear reason except huge selling by it's investor FMR LLC & Smallcap World Fund Inc and not by it's founder.

    IPO @RM3.50, 52-week high @RM4.30 (29/7/10), 52-week low @RM1.67 (15/3/11)



Why I pick GENS-CD:
  1. Recent new low RM0.10 as at today, 52-week high @ RM0.21 (29/12/10), low @ RM0.08 (15/3/11).

  2. Positive future growth. Asian gaming stocks will only rise (e.g. GENTING). Its rival, Marina Bay Sands is trying to buy more lands, which means good prospect. Australia casino king is also commenting that world 2 most profitable casinos is currently in Singapore!

  3. It had sold it's money losing GEN UK to GENM. So, now it can concentrate on it's Sg business!!



I had allocated 80% for a 3-month OR 15-30% exit plan. (Medium RISK)
Another 20% shall be for a 1 to 3-week OR 10% exit plan. (High RISK)

Short term target: Grow my fund at 50% within 6 months.

Recent Purchase



Since starting this blog, I have the intention of recording my trade experience and also my portfolio performance. I had intended to setup a RM5,000 fund and see how it grows.

Currently, my portfolio is as follow:
GENS-CD    (bought @ 0.085)
MEGB          (bought @ 1.76)

RM5,000 is not a big figure, so the quantity of stocks I can play along is quite limited. Mostly will be speculative penny shares, warrants, and also those that had fallen sharply.

In my coming post I shall reveal why I pick the above stocks and my thought on the exit plan.

Dividend for Week 13 - 28th March to 1st April 2011



Dividends with ex-date for Week 13, from 28th March to 1st of April, 2011:


Tuesday 22 March 2011

22/3/2011 - Top 20 most active stock



PERISAI1098482 0.740 0.065 9.63%  
HWGB525867 0.640 0.005 0.79%  
SAAG519772 0.100 0.005 5.26%  
BORNOIL438470 0.605 0.060 11.01%  
HWGB-WB369877 0.590 0.000 0.00%  
OLYMPIA325161 0.360 -0.005 -1.37%  
BORNOIL-WB320694 0.455 0.040 9.64%  
RAMUNIA-WA317326 0.380 0.015 4.11%  
RAMUNIA302040 0.570 0.020 3.64%  
DRBHCOM250441 2.110 0.080 3.94%  
SUMATEC-WA242673 0.190 0.035 22.58%  
TANCO237967 0.330 -0.010 -2.94%  
KBUNAI217238 0.215 -0.010 -4.44%  
DRBHCOM-CE181818 0.175 0.010 6.06%  
MKLAND180044 0.370 0.010 2.78%  
IRCB-WA178358 0.150 0.000 0.00%  
OLYMPIA-WA177073 0.240 0.005 2.13%  
MPAY176130 0.195 0.015 8.33%  
SUMATEC172672 0.280 0.020 7.69%  
DUTALND-WA169053 0.180 0.000 0.00%  

Price movement might be affected by (please click the items below to find out more):

PERISAI

BORNOIL
OLYMPIA
RAMUNIA
DRBHCOM
SUMATEC
TANCO


SUNCITY surges to close at RM4.42!




SUNCITY surged the most today (+17 sen, +4%). What a wonderful feat!

131,100 volume done (worth RM572,371 both buy & sell).

I had covered SUNCITY in my previous post here.


Monday 21 March 2011

Week 12 Dividend Ex-date: 21st to 25th March 2011




Dividends with ex-date for Week 12, from 21st to 25th of March, 2011

Friday 18 March 2011

Japan Earthquake & Tsunami 2011


It's sad to hear what's happening to Japan. With over 6,000 dead and many more missing, this disaster had changed the fate of many people. First, with the earthquake. Next with the tsunami. And now, the nuclear plant disaster.

Hope readers out there can donate to help these unfortunate Japanese. You can do so through Japanese Red Cross Society or American Red Cross.












Thursday 17 March 2011

KBUNAI hits 22.5 sen upon JV news



The Board of Directors of Karambunai Corp Bhd (“KCB” or “Company”) is pleased to announce that on 17 March 2011, its wholly-owned subsidiary, Karambunai Resorts Sdn Bhd (“KRSB”) has signed a Joint Venture Agreement (“JVA”) with China Central Asia Group Co. Ltd (“CCAG”) to undertake the proposed development known as “Karambunai Beachfront Mixed Development” (“KBMD” or “Project”) which is the first phase of the Karambunai Integrated Resort City (“KIRC”) development.  The KBMD measures approximately 75.0 acres of land (“the Land”)  being a portion of the land held under Country Lease No. 045091174 measuring approximately 1,500 acres situated at Menggatal, District of Kota Kinabalu, SabahMalaysia (“Karambunai Land”). The development of KBMD is part of the Integrated Resort City project in which the details are set out in this announcement. CCAG is the shareholder of Prism Crystal Enterprises Ltd (“PCEL”) which together with the controlling shareholder of KCB is the initial promoter (“Promoter”) of KIRC.  CCAG shall be a pilot catalyst investor for the KIRC development.

The above news dated yesterday, 17th March, send KBUNAI up +12.5% from yesterday's closing price of 20 sen.

Timber stock surged



KLSE opened 1483.29 (-9.15) and closed at 1,492.09 (-0.35, -0.02%). Not a bad day!

However, for those who bought timber stocks, they must have laughed all the way to the investment bank! Most of the timber stock rise today, with some rising in between 5% to 21%. The best performance must have been Leweko, from 16sen to 19.5sen (+21.875%).

Below are some of the timber stocks that have moved today:

  • CYMAO closed RM0.635 (+0.055, +9.5%)
  • EKSONS closed RM1.270 (+0.080, +6.7%)
  • EVERGRN closed RM1.430 (+0.070, +5.1%)
  • JAVA closed RM0.755     (+0.065, +9.4%)
  • JTIASA closed RM5.420  (+0.320, +6.3%)
  • LEWEKO closed RM0.195 (+0.035, +21.9%)
  • LINGUI closed RM1.650 (+0.180, +12.2%)
  • MINHO closed RM0.490 (+0.070, +16.7%)
  • PWORTH closed RM0.630 (+0.060, +10.5%)
  • SUBUR closed RM2.610  (+0.380, +17.0%)
  • TAANN closed RM5.480 (+0.500, +10.0%)
  • TEKALA closed RM0.770 (+0.100, +14.9%)
  • WTK closed RM1.620      (+0.080, +5.2%)

Tuesday 15 March 2011

Chew Keng Yong strikes again!



RCECAP's director, Chew Keng Yong, had increased his stake again!

Chew Keng Yong's RCECAP share purchase for the last 3 months were recorded over here, altogether RM1.8 million. As of today 15th March, he had done another 4 transactions amounting RM610,413.04 (1,200,000 shares), some himself and some by Pos Ad Sdn Bhd, a company in which Mr.Chew Keng Yong has a deemed interest.



09/3/2011   acquire 200,000 shares worth RM102,228.91
11/3/2011   acquire 500,000 shares worth RM257,044.80
14/3/2011   acquire 250,000 shares worth RM125,789.33
15/3/2011   acquire 250,000 shares worth RM125,350.00

Monday 14 March 2011

MPAY surges on 1st day KLSE listing



MPAY shoot up to 28.5 sen today upon IPO this morning. MPAY had debuted at 24 sen as soon as it gets into the market. That is a 50% gain for those who get it during IPO balloting at 16sen IPO price.

However, the price had hover around 24.5 sen as at 11:30 a.m..

ManagePay System Berhad (0156 / MPAY) ~ IPO



Tomorrow, 15th March 2011, will be the listing date for MPAY. I believe tomorrow this stock will have an active trading day, most probably staying positive throughout the whole day.

IPO activities in 2011:

  • Berjaya Food Bhd (BJFood, listed on 8th March)
    issued price: 51sen
    closed on first day: 63.5sen
    Climbed to highest 74.5 sen on the second day of listing

  • Century Software Holdings Bhd (CENSOF, listed on 31st Jan)
    issued price: 93 sen,
    closed on first day: 96 sen.
    Climbed to highest RM1.40 on the eleventh day (18th Feb) of listing

  • K. Seng Seng Corp. Bhd. (KSSC, listed on 19th Jan)
    issued price: 57 sen,
    closed on first day: 61.5 sen
    climbed to highest 68.5 sen on the 3rd day of listing

  • Tambun Indah Land Bhd. (Tambun, listed on 18th Jan)
    issued price: 70 sen
    closed on first day: 80.5 sen
    climbed to highest 86.5 sen on the 1st day of listing

  • Benalec Holdings Bhd. (Benalec, listed on 17th Jan)
    issued price: RM1
    closed on first day: RM1.34
    climbed to highest RM1.53 on 8th Feb

  • Asia Media Group Bhd (AMEDIA, listed on 11th Jan)
    issued price: 23 sen
    closed on first day: 28.5 sen
    climbed to highest 42.5 sen on the first day of listing

  • Maxwell International Holdings Bhd (Maxwell, listed on 6th Jan)
    issued price: 54 sen
    closed on first day: 56.5 sen
    climbed to highest 61.5 sen on the 3rd day of listing

Judging from the history, if you like to gamble, you can join the speculative crowd on the first day of the stock IPO tomorrow :)

Friday 11 March 2011

Week 11 Dividend Ex-Date: 14 - 18 March 2011




Dividends with ex-date for Week 10, from 14th to 18th of March, 2011


BJRTAIL Gets 65sen/share Takeover Offer



After suspended for 5 days, Berjaya Retail Bhd (B-Retail) has today received a notice of unconditional take-over offer from Maybank Investment Bank Berhad, on behalf of Premier Merchandise S/B to acquire all the remaining ordinary shares of RM0.50 each in B-Retail and all the remaining B-Retail ICPS.

Premier Merchandise S/B holds approximately 58.71% of B-Retail currently. After being floated in the market for slightly more than 6 months, Vincent Tan is trying to take the B-Retail private by paying an extra 22sen ( a premium of 51.16% over the last closing price of 43sen).

The board has deliberated on the Notice and does not intend to seek an alternative person to make a take-over offer for the Offer Shares and/or Offer ICPS.

P/S: Nobody knows what Vincent Tan is up to, at least for now. Taking a company IPO requires a lot of money, and after floating it for around 6 months, now he is taking it private at a more expensive price (30% higher than the 50sen IPO price)...

Japan Earthquake & Tsunami Related Videos


KLCI closed 1495.62 (-21.29, -1.40%)



KLSE CI fell further in the afternoon trade today, following the news of Japan being struck by a 8.9 magnitude earthquake off its northeastern coast which happens at 2:46p.m. local time. Kyodo reported that a 10-meter tsunami wave was seen at Sendai port, Sendai at around 3:55p.m. local time.

Several tsunami warnings have been issued  internally for Japan as well as externally for several countries by Japan Meteorological Agency. As at 4:08 p.m. local time today, the following tsunami map was published by the agency:



Asia stocks tumble on Japan quake, with:

  • Nikkei 225 closed at 10,254.43 (-179.95, -1.72%)
  • Hang Seng Index closed at 23,249.78 (-365.11, -1.55%)
  • KLSE Index closed at 1495.62 (-21.29, -1.40%)
  • Straits Times Index closed at 3,043.49 (-31.95, -1.04%)

Wednesday 9 March 2011

Suncity now at RM4.28 is 16% discount off Offer Price at RM5.10



To recap, at 24 November 2010, Sunway Sdn. Bhd. had offered to acquire Sunway City Berhad (Suncity) at RM5.10, which shall be satisfied by:

  1. issuance of new company share at RM2.80 per share, representing 80% of the Offer Price of RM5.10;
  2. cash, representing 20% of the Offer Price of RM5.10;
  3. new warrants in new company on the basis of one (1) new company warrant for every five (5) new company shares, issued for free, and having the indicative terms set out in the offer letter. 

In summary, what it means is, with every 1000 shares of Suncity you have, you will:

  1. Get back RM1,020 in cash
  2. Get 1,457 shares of the new company which shall be listed at RM2.80
  3. Get 291 warrants in new company

As at 12:30pm today, the last traded price for Suncity is RM4.28. This is a good deal, considering that if you buy 1000 shares of Suncity at RM4.28 now (roughly RM4,280 of investment), you are getting the above offer at 16% discount, of course subject to the floating price of the new company.

When the acquisition first announced, the company share shoot up to RM4.64 and even hit RM4.74. It had been declining since, especially when the overall market had been down due to sentiments and also middle east crisis.

As a norm with past historical examples of company acquisition, as the days neared to the acquisition date (especially last week before the acquisition date), the price shall hover around 3% to 10% discount to the offer price.

For those who are not willing to wait for the deal to materialized, they can sell first, which means, if it hits RM4.59 (10% off the Offer Price), they are earning RM310 (RM4,590 - RM4,280), which is a 7.2% return of RM4,280 investment (ROI).  If it hits RM4.84 (5% off the Offer Price), they are earning RM560 (13% ROI).

However, there are risks to take note. The main concern is, past historical acquisition examples are generally backed by cash offers that can be quantified, while this offer is mainly satisfied by swapping your existing shares into a relatively new company (which the respective new company offer price might not be the "right" price for the stocks, and it is still subject to the floating price).

It is your call to determine whether the current price is attractive or not.

Week 10 Dividend Ex-date: 7th to 11th March 2011




Dividends with ex-date for Week 10, from 7th to 11th of March, 2011.


* Weekly dividend will be updated on every Friday

RCECAP's Director Actively Buying Company's Share

Chew Keng Yong, a RCE Capital Berhad (RCECAP) director , had been investing at least RM1.8 million (based on daily minimum market price) buying back shares lately, with records for the last 3 months as follow:


When a director is prepared to put RM1.8 million into shares of the company he manages, we can be pretty sure that something good is ahead for the company. Else, no one will be willing to bet on something that's going worse.

RCECAP is an attractive financial sector stocks, with current trade at RM0.51 and P/E at 4.92. It's business is in the form of personal loan to government servants and repayments of the loan are done through salary deduction scheme. This is a very good business, as government servants' job are very stable, and their repayments are definitely on-time.



RCECAP's share price, Dec 2010 - Feb 2011

This stock took a dive from RM0.63 at the end of November 2010 with the company's following announcement:

The Company wishes to inform that Koperasi Wawasan Pekerja-Pekerja Berhad (KOWAJA) has on 26 November 2010 advised that they will not be making any further loan disbursements from 1 December 2010 onwards. KOWAJA is currently the largest borrower of RCE Marketing Sdn Bhd (RCEM), a wholly-owned subsidiary of RCEM, and provides personal loans to its members (who are primarily in the civil service) via an on-lending arrangement in relation to the funds borrowed from RCEM. 
Following enquiries made by RCEM, KOWAJA has informed that they have been requested to submit a plan to Suruhanjaya Koperasi Malaysia (SKM) for complete endorsement of KOWAJAs compliance with SKMs applicable guidelines. Until such endorsement, KOWAJA will temporarily cease disbursement of loans from 1 December 2010 onwards. 
At the same time, KOWAJA has given its assurance that all loans disbursed up to 30 November 2010 will continue to be serviced via the regular collection mechanism. RCEM has also not observed any disruptions in the same. Meanwhile, KOWAJA is working closely with SKM towards an expedient resolution of the temporary disruption in their operations. 
As such, the Company does not expect the above to have any material financial impact to the group in relation to the current financial year ending 31 March 2011 and on its ability to meet interest and principal payments in respect of its existing debt obligations. 
However, if KOWAJAs loan disbursements are curtailed in a prolonged manner, there may be some impact on the groups future profitability in the longer-term. We will keep the market informed as and when there are further material developments on the above.

In summary, KOWAJA is RCECAP's biggest borrower. Temporary, it had stopped borrowing money from 1 Dec 2010 onwards as it has to submit a plan to comply with SKM's applicable guidelines. KOWAJA is working closely with SKM towards an expedient resolution of the temporary disruption in their operations.

I have a hint that the crisis is going to end soon.

Chitika