Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Tuesday, April 20, 2010

ASN funds online top up service by CIMB

Permodalan Nasional Bhd and CIMB Bank today unveiled CIMB Clicks Amanah Saham Nasional Bhd (ASNB) Funds Top Up Facility at the 11th Minggu Saham Amanah Malaysia (MSAM) in Kuching.
The online facility allows all registered ASNB investors, who have a CIMB Clicks account to make additional investments in five fixed-price unit trust funds managed by ASNB.
The five funds are Amanah Saham Bumiputera (ASB), Amanah Saham Malaysia (ASM), Amanah Saham Didik (ASD), Amanah Saham Wawasan 2020 (ASW2020) and Amanah Saham 1Malaysia (AS 1Malaysia).
Read more: CIMB offers online ASN funds top up service

Wednesday, April 14, 2010

News: Telekom. Supermax. MaSteel

The Employees Provident Fund, Malaysia’s largest pension fund, bought 5.5 million shares in Telekom Malaysia Bhd, between April 5 and 6, raising the fund’s stake in Telekom, the nation’s biggest fixed line operator, to 11 per cent, according to a stock exchange filing. -- Bloomberg

Supermax Corp Bhd is optimistic of a bullish financial performance this year as its expects earnings per share (EPS) for the first quarter of 2010 to exceed its earnings guidance for the year. Executive chairman cum group managing director Datuk Seri Stanley Thai said the company was revising its EPS target from a minimum of 50 sen per share to a minimum of 62 sen per share for the financial year ending Dec 31, 2010. He said the revised profit guidance for the current year took into account latex price fluctuations, foreign exchange and the possibility of a hike in natural gas and electricity tariffs.

Malaysia Steel Works (KL) Bhd (Masteel) expects its overseas revenue contribution to grow by 65 per cent in 2012 from the 30 per cent at present following the completion of its downstream expansion.

Friday, April 9, 2010

Telekom declares 13 sen dvd

TM declares 13 sen (less 25% tax, 9.7 sen net) dividend ex. 18th May
This year alone, it has declared a total of 10 sen tax exempted + today 9.7 sen net = 19.7 sen
If you have bought in at RM 3.00, that is a dividend yield of 19.7/ 300 = 6.56 %
with capital appreciation of RM3.50 (today's price)/ RM 3.00 = 16.7 %
making a total of approx 23 % in less than a year...
That's RM 23,000 for every RM 100,000 invested, in less than a year...

Thursday, April 8, 2010

My Favorite Glovemaker

Supermax (Q eps 16.4 sen, nta RM 2.08). Simple Fv = 16.4 x 4 x 10 = RM 6.56: Today's price at RM7.10, approx PER 10.8 <*** top value ***>

Latexx (Q eps 8.8 sen, nta RM 0.87). Simple Fv = RM 3.52: Today price at RM 4.00, approx PER 11.3

Kossan (Q eps 15 sen, nta RM 2.23). Simple Fv = RM 6.00: Today's price at RM 8.00, approx PER 13.3

Top Glove (Q eps 23.5 sen, nta RM 3.02). Simple Fv = RM 9.40 : Today's price at RM13.60, approx PER 14.5

Sunday, April 4, 2010

Still Buying

Market may take a dip, come Monday and Tuesday. I'll be buying.
A firm buy for me, the following counters:
TM, Axiata, MayBk, CIMB, Supermax, GenM, TDM, HunzPty, Lion Ind
That's because I'm purchasing on "averaging up" .
I have these in my existing holding at much lower prices.

CIMB was a recent acquistion at recent high: like it for its regional reach, deals, book making, Thai IPO (for dividend repayment..?), bonus issue 1:1. Hold for 3 years, double up...?

Still like MayBk, because everyone I meet hates MayBk.
Good Q eps, PER trailing that of CIMB and Public Bk.
A wise person once told me that banks are the life lines of the country's economy.

Sectors I like in 2010: banks, utility, healthcare, property & construction, building materials