KLCI floats at 1800 range: Bearish

It's been two months since my last posting and I'm still bearish about the Malaysian stock market. Sure we did see the KLCI index peaked again in late April to 1850 but since then has tumbled to slightly below 1800..

I have been reducing my stock holding aggressively and now sit on an investment portfolio of 30% stocks and 70% cash. The liquidity will sure comes in handy should there be a global stocks sell off or a severe and violent market correction..

Previous months and recent trades includes Hap Seng (overvalued at RM4.30), KSL (still like this one at 1.80), Tambun (earnings will be affected), Scientex (still ok at RM6.80 range), Paramount (neutral at RM1.62 with 5c dv in June), Luxchem (overvalued at 1.12), Maybank (positive at RM9.30), Insas (undervalued at 92c), L&G and IGBreit (positive) ...

KLCI dips below 1800. Recent Trades

Sold some shares of KSL at RM2.35 and on announcement of quaterly earning, the shares price plunged close to RM2 before slowly ascending to 2.15
Sold Tambun shares heavily at RM1.93 before it slid to 1.73
Shares price today recovers to 1.87

Accumulate IGB Reit shares at RM1.32 to sell from 1.34 to 1.36
Accumulating shares of YTL Reit

Collects dividend from IGBReit, YTLReit, HSPlant, SwkPlant and Kulim Plantations

KLCI above 1800: Recent Trades

Recent trades:

Sold completely shares of CMMT  Reit  with respectable profit.

A friend CP made about RM 6,000 profit on CMMT. Wow, well done..

IGB Reit dv 3.9c going ex. on 10th Feb

YTL Reit eased 2c to RM 1.03

Traded DIGI between RM6.40 and 6.60

DIGI has a dv of 7.2c going ex. on 25 Feb.

Maybank shares price didn't slide to the price range I anticipated..

KSL making its move again, from RM 2.04 to 2.15

Tambun still at RM 1.94 

KLCI Recovers to 1800. Selling Into Strength

Maybank shares price recovers to RM 9..
Profitable trade as all shares were purchased between 8.40 to 8.83

Recent trades:
Sold Insas at 92 sen (plunge to 84 sen today after going ex.).. to wait and see if it goes to 80c/76c range
Sold L&G.. I think it may do a 58 sen hit..
Sold ThongGuan Industry ...

Trading Tambun shares between RM1.50 and 1.80 with KSL (after 1:1 bonus issues) ranging from RM1.80 to 2.10 ... Love the big moves they make...

Switching from telcos to REITS has pay off..
CMMT is currently traded at RM1.56 (accumulated 1.39 to 1.43) with a 4c dv by month end

I like Maybank at this price; RM8.90

Maybank (nta 546, Qeps 20/ 19.6/ 18.1/ 17.5/ 17.6 sen) currently hovering at RM8.90

Maybank previous dividends of  55 sen (31c + 24c) if it persists will offers a dv yield of 6.2 %

Hmmm, quite decent for a bluechip counter..

Sold all my telcos shares in Maxis and DIGI (which pays between dv yield of 4.3 to 4.8 %) to accumulate Maybank..

Insas (nta 180, Qeps 8.9/ 6.2/ 4.6/ 4.9 sen) did surge to RM1.20 strong resistance level before diving on announcement of its recent Qeps of 3.6 sen

Sold most shares above RM1.15

Currently trading at 94 sen, worth nibbling between the range of 90 sen to 86 sen strong support...

L&G (nta 57, Qeps 3.9/ 4.0/ 3.2/ 4.5/ 7.9 sen) looks like a good counter to trade at 50 sen level

Recent trades:

Sold all of my shares in TM, Maxis and DIGI

Sold two-thirds of shares in Tambun above RM2.14 , buying back on weakness in shares price currently trading at RM1.80

Sold some shares in HapSeng, KSL, Paramon, PJ Dev, ThongGuan Ind., L&G, PavReit, IGBReit,

Insas. CMMT. KSL. HapSeng. YTLReit

If there's a stock I would  invest a lot of money in, it would have to be Insas (nta 180, Qeps 8.9/ 6.2/ 4.6/ 4.9c)
Accumulating from 98 sen, RM1.00 and RM1.05
The movement 86/88c -> 96/98c -> 106/108c -> 116/118c.???
I think it's gonna move to RM1.19 strong resistance (former strong support).

Why the dip in CMMT stock price to RM1.43.?
CMMT (nta 123, Qeps 6.5/ 2.1/ 2.4/ 2.2/ 5.9/ 2.0) pays 4.5 and 4.53c as dividends
Therefore 9.03/143 = > 6.3 % dy

KSL shares price has surged to RM4.70 while HapSeng keeps going up to almost RM4.50
Lets see if HapSeng will increase their half yearly dividend from 10 sen ...
Luxchem (nta115, Qeps 3.8/ 3.3/ 4.6/ 3.8/ 3.7/ 4.6) shares price rose to RM1.80 on proposal of bonus shares issue
YTLReit in news on improving earnings. Anyone who misses out on buying other REITS can still accumulate this one as YTLReit pays 6.9 sen on current price of RM1.03 (dy = 6.7%)

Telco DIGI. Maxis. Property Tambun

DIGI posted its latest Qeps of 6.2 sen and a dividend of 6.26 sen going ex on 5th November.
Looking at the six quarters of earning (Qeps 4.9/ 5.8/ 7.1/ 6.2/ 6.4/ 6.2) and dividend (Qdps 4.8/ 5.7/ 7.0/ 6.2/ 6.4/ 6.26), it certainly look like the earnings and the dividends are stagnant; not going to improve a lot.. Currently trading at RM5.95 with a trailing PE of 595/25.9 = 23 and dy of 25.9/595 = 4.3%, it certainly doesn't look very attractive holding DIGI for dividends..

Maxis has not announce its Qeps but looking at previous Qeps 7.0/ 6.3/ 3.9/ 6.4/ 5.9 and Qdps 8/ 8/ 16/ 8/ 8c, its now trading at RM6.62 with a traling PE = 662/ 22.5 =29 and dy = 32/662= 4.8% assuming Maxis will reduce its annual dividends from 40 to 32 sen,,

Prefering REITs now over telco: DIGI or Maxis which has PE ratio > 23
Will accumulate REIT and sell telco on strength

Selling Tambun shares (nta 086, Qeps 4.5/ 5.2/ 6.1/ 6.4/ 6.3/ ??) trading at trailing PE 224/ 24 = 9 with dy = 6.6/ 224 = 2.9%

Stock market still depressed.

Heavy selling for the whole week at local stock market.
Oil & gas, plantation and property sector share prices plunging more than 20% from recent high..
Looks like stocks is entering a bear market with everybody in a panic mode selling their holdings and asking question later..

KSL rose as high as 4.97 last month and since then had slid to about 4.20 and is traded currently at 3.80
Daiman has dropped from 3.70 and currently trades at 3.00 mark
Tambun share price tumbled from 2.60 to 2.06
PJ Dev slid from high of 2.20 to 1.60 (more than 30%)
Paramount dropped from 1.60 to 1.43
TA shares price tumbled from 93 to 76 sen
Blue chips Maxis, DIGI and HapSeng seem to be holding well at 6.50, 5.84 and 4.00 respectively
Liquidate more than RM500k of stocks for last one month..
And the selling has not subsided with KLCI down by 1% at 1768 : 1001 losers dominating 64 gainers in the local KLSE market.....      Happy trading...

KSL continues uptrend. Tambun. PJDev. Glomac.

KSL shares price continues to rise to new high hitting RM3.00 level
Over a month it has appreciated more than 30 % from RM2.30 range
Was accumulating from 2.30 range, 2.60+ level.
Even at 2.80 yesterday I was buying: And contra off at RM3.00 today
Best performer of the month in my portfolio...

Tambun continues to inch up from 2.20 to 2.50 range registering >13 % gain in price
PJ Dev (nta 221) continues to be in the limelight and soon will hit the RM2 mark
Glomac shares price has gone from 1.09 to 1.20: Sold too early, wait for it to come down at 1.07
KPS shares price has tumbled to RM1.50
Reits of IGB, Pavilion, Sunway at 1.30, 1.40, 1.43 levels

Continues to accumulate TA, KSL, trade Malton.. Waiting for SymLife, KPS, DRB, YTL, Pantech..

Recent Trades:

Sold shares in WCT, Crescendo, MKH, KPS and Efficient..

Sold completely all YTLP and waiting for another plunge..

Let's watch and see if KPS (nta 222, Qeps 4.9/ 46/ -2.7/ 4.7) ever fall back to RM1.55 range

Decent gain from recent trades but not an awful lot.

Bought shares in KSL, HapSeng, IGB Reit, SunReit, PavReit and Malton..

Missed taking  position in Pantech

The following shares price rises on positive news of its landbanks and its steady recurring income:

Daiman rises from RM3.50 to RM3.80 (go read The Daily Edge's article on 17th June)

KSL up from RM2.17 to RM2.28 (ref. The Edge's article on KSL dd 23rd June). Should accumulate more of KSL shares..

Tambun moves from RM2.08 to RM2.18 today.

Scientex (nta 310, Qeps 13.7/ 13.8/ 13.3/ 15.3/16.4) declares a dv of 8c going ex. 17th July

It should cross the RM6.00 resistance easily when its second dividend is announced..

HapSeng continues its ascent from RM3.26 to RM3.56 over a two weeks period

It has a dv of 10c going ex 3rd July.. 

If it can keep up the half yearly dv of 10c, share price could hit RM4

My position in Reits has made some decent gain with SunReit giving the best return at RM1.45

Waiting for PavReit to catch up from RM1.37

IGB Reit is a good buy at this range of RM1.22

KLCI at 1867 high.. Optimism Rules

Been busy doing some property investment and learning some new skills in metal welding and building renovation. Someday I would like to show my competence in welding simple window frames, door frames, steel doors and pet cages, LOL. No major skill, no intent to open a metal foundry (ha ha), just a fascination with how welding fuses two pieces of metal together, that's all...

My property investment is doing well although I must say I invested late after all the easy money has been made by property gurus. Nevertheless I'm pleased with the R.O.I. ranging between 100 to 300% on the capital outlay...

My stocks portfolio also has performed over the time I allowed it to remained virtually unmoved.
Top performer is Tambun purchased at 69c which has yielded a gain of almost 200% at market value of RM2.00
Next is HapSeng bought at RM1.70 now valued at RM3.15 with a gain of 86%
Third on the list is PJ Dev purchased at 98c with a market value of RM1.60 (unrealised profit 60%)
Then there's the 30% beyond gain performers like Scientex, Tomypak, the 20% profit gainers of MHC, Luxchem...
Not forgetting heavyweight blue chips (buy and forget) counters of DIGI, Maxis, Maybank which has regularly given me handsome dividends.. Yawn....

Notice the top three performers are related to the properties sector and that is where I'll be looking for another set of winners. I like Daiman, KSL, Tropicana, WCT, UOADev, TA
There are just too many companies I would like to take a position in but I'm down to 20% cash (80% invested). And I need cash to do short term trade, for daily profits or weekly gain...

I'm beginning to fancy REITS (SunReit, PavReit, CMMT, IGBReit) for their not-so-lofty pricing and their attractive dividend yields > 6%  and I opine that at current pricing, you can buy-and-forget these counters: Appropriate for people with no time to monitor stocks price movement and those who wants better yield than 3% bank FD rate...
For short to mid term, I trade Malton, L&G, TDM, Insas, Pantech, TA, WCT, KSL, TGuan, YTLwb