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

Monday, June 6, 2011

HapSeng Cons. Kian Joo.

Today Hap Seng Cons. saw its share price surge about 7 % to close at RM 5.56 despite the KLCI losing abt 7 points to close at 1552... Sold part of HSC shares that was accumulated at RM 5.20 range. Let's see if HSC price action can be sustained up to end of week, where dividend of 20.5 sen will go ex.

Trade for month of May: sold all of BJ Corp and Benalec with little gain.
Will swap into my choice of dividend counters, which I think will mitigate/avoid major monetary losses, if/when market reverses.
Bought Kian Joo shares which I think has value inspite of the litigation issue between KJC and Can One. Looking purely at just dividend payout, it should be in the RM 2.60 range, alongside HS Plant. Buy at your own risk though :)) as market is poised for a correction... Happy investing..!

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