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

Anomaly: IJM Plant cf. HS Plant

The shares pricing of these counters has bothered me quite a while:
IJM Plant (nta 172, Qeps 2.8/ 3.6/ 3.5/ 3.8/ 6.5sen) When assigned with a PE of  15 over the average of last two Qeps my fair value Fv would be 309
HS Plant (nta 239, Qeps 2.5/ 1.0/ 3.8/ 5.5/ 5.3sen) Fv 324 (assumed PE 15)
Swk Plant (nta 211, Qeps 2.7/ 0.5/ 5.7/ 5.4/ 6.4sen) Fv 354 (assumed PE 15)
Annual dividends of IJMP, HSP, SwkP is 7, 10 and 8 sen respectively.

Current share price of  IJMP is at RM 3.64 and is priced at PE = 364/20.6 = 18
Whereas current share price of HSP at RM 2.77 has a PE of 12
And SwkPlt at RM 2.67 carries a PE of 12.
Which tells me that HSP and SwkPlt share prices have a lot of catching up to do...

CPO price continues to tumble

CPO price continues to slide below USD 700 (RM 2230).
This is not conducive for the earnings of our local planters and is the reason why quarterly earnings have been plunging ... Read the full report below :-
Palm Oil Tumbles to Lowest Since 2009 as Global Supplies Climb
Providing more exposure to plantation stocks
Cepatwawasan 2Q profit falls 46% yoy on lower palm oil prices
Cepat at 94c (nta 132, Q/Qeps 1.7/ 1.9/ 1.1/ 1.2/ latest 0.9 sen ) PE= 94/5.1= 18 which is on the high side

Earnings Earnings Earnings. KLCI surges to 1776

UEML (nta 128, Qeps 1.3/ 2.5/ 2/ 4.7/ 4.9) Dv 3c going ex.23rd Jun
E&O (nta 126, Qeps 3.8/ 2.7/ 3.2/ 2.4/ 3.4) *** Expect to pay dv 4.5c
MahSing (153, 7.2/7.1/ 6.6/ 6.6/ 7.9)
Hua Yang (169, 9.1/ 11.4/ 15.2/ 10.0/ 8.6) Expect to pay dv 8.2c
Daiman (481, 7.1/ 4.9/ 4.8/ 5.5/ 14.8) ***
Tropicana (254, 2.7/ 8.4/ 12.5/ 8.3/ 5.5) ***
PJDev (208, 2.3/ 3.5/ 1.5/ 3.8/ 3.5) ***
Asas (215, 4.8/ 6.3/ 2.8/ 0.4/ 2.8) Dv 5c going ex. 1st July

TomyPak (098, 3.2/ 5/ 4/ 3.6/ 3.2) Dv 2c going ex.11th Jun
Johotin (173, 5.2/ 7.5/ 11.1/ 7.4/ 6 ) Dv 4.2c ging ex.3rd July
KJC (219, 6.1/ 4.1/ 6.2/ 10/ 6.9) Dv 6.25c going ex.20th Jun14

MPHB (249, 5.9/ 9.4/ 5.2/ 3.5/ 10.5) Dv 5c going ex.25th Jun
MBB (514, 17.6/ 18.6/ 19.1/ 17.3/17.9)
Boustead (453, 14/ 4.2/ 7.5/ 14.6/ 9.7) Dv 7.5c
Kulim (339, 5.6/ 163/ 5/ -103, 27.5)
TDM (517, 7.5/ 3.9/ 16.2/ 14/ 5.8) Paid dv 22c on 27th May

Happy investing ...

What To Buy (Amongst Others) If Our Market Plunges...

Made some profit on past weeks trading GenM, Maybank, SPSetia, HapSeng.. Missed out on some active counters cos' I was super busy for past months studying some other investment instruments..
Still, stocks remain my passion due to its liquidity and trading ease..

Some of the counters that I was lookin at in the previous weeks:
MPHB (239, 5.9/ 9.4/ 5.2/ 3.5) Paid a 5c dv
HapSeng (161, 3.9/ 4.7/ 5.2/ 5.8) Paid a 6c dv
HSPlant (236, 5.4/ 3.9/ 4.5/ 3.7) Paid a 5c dv
TomyPak (095, 3.2/ 5/ 3.9/ 3.6) Paid a 2c dv
Luxchem (105, 4.9/ 4.4/ 3.1/ 4.5) Dv of 5c going ex on 29th May

YTL (125, 3.9/ 2.9/ 4/ 2.5)
PJDev (203, 2.8/ 2.3/ 3.5/ 1.5)
SPSetia (201, 4/ 4.9/ 5.2/ 6.3) Paid a 9c dv
MahSing (141, 4.9/ 7.2/ 7.2/ 6.6)
UOADev (165, 12/ 3/ 9/ 6.8/5.6) Paid a 12c dv
E&O (122, 3.8/ 2.7/ 3.2/ 2.4)
Dijaya (260, 2.7/ 8.4/ 12.6/ 8.3)
Ivory (082, 1.9/ 7.2/ 0.4/ 0)
Tambun (072, 4.1/ 3.8/ 3.5/ 3.6) Paid 3.3c dv
B'stead (450, 18.6/ 3.9/ 4.2/ 7.5/ 14) Paid a 7.5c dv

Maxis (097, 12/ 7.6/ 6.2/ 5.9/ 5) Paid a 8c dv last mth. Another 8c ex. 14th May
DIGI (03, 4/ 4/ 4/ 3.2) Paid a 2.5c dv
TM (183, 16.7/ 7/ 9.7/ 8.4/ 10.2) Expecting a dv of 12.2c
GenM (232, 4.8/ 8.8/ 3.4/ 7.9) Expecting a dv of 5c
Maybank (500/ 17.6/ 18.6/ 19.1/ 17.3) Expecting a dv of 33c

TDM (503, 7.5/ 3.9/ 16.2/ 14) making large move today, from RM4.2 to RM4.50
Declaring a 22c dv with proposed bonus issue 1:5 and shares split division of 1 into 5 shares of 20sens each.

 

CPO price continues to slide

Price of CPO plunges to USD 800.
And dive s further to USD 760 ( RM 2,330 )
IJM Plant shares price dips ...

CPO price reverses gain.

CPO price tumbled more than 4 % to USD 933 ( x 3.06 = RM 2,860 ) as Fed's stimulus rally fizzles ..
Watch out, plantation stocks ...

Share prices of TH Plant, Swk Plant, TDM, KLK and PPB weakening ..

GenM. HS Plant. Maxis. TM. MWE.

GenM (nta 226, Q/Q 5.5/ 6.1// 6.2/ 4.8/ 8.8sen latest) Qeps improved.
Share price surged from RM3.30 to 3.53 last week. Dv 3.8 sen going ex. on 26th Sept

HS Plant (nta 234, QQ 9.5/ 8.3/ 6.6// 5.4/ 3.9 sen) Qeps of plantation companies generally weak
Dv 6 sen going ex. 12th Sept

Maxis (nta 098, QQ 7.3/ 7.2/ 12/ 7.6/ 6.2 sen) Latest Qeps declined
Announced Dv 8 sen ex. on 12th Sept

TM (nta 234, QQ 9.5/ 8.3/ 16.7/ 7/ 9.7 ) Latest Qeps improved on HSBB Unifi
Dv 9.8 sen going ex. 12th Sept

MWE (nta 211, QQ 5.3/ 5.4/ 4.8/ 5.1/ 5.1sen) Qeps flat
Dv 6 sen ex. 5th Sept

CPO prices tumbles. MYRinggit strengthen.

With weak crude palm oil price at about US 920 and weak USD against Ringgit, avoid buying plantation shares this few days. Unless of course the share prices plunges, like when TDM plantation earning was announced last week.

IJMP and HSP share prices stll holding well but others like J Tiasa, TaAnn have come off.
Buy only on deep discount to trade ...

If MYR continues to strengthen, it will also downgrades the earnings of the glovemakers who repatriates the earnings to Ringgit

Buy. Hap Seng Plantation

What's HS Plant doing at RM 3.00 while IJM Plant is hovering at RM 3.60 ..?

HSP (nta 230, QQ 9.5/ 8.3/ 6.6/ 5.4sen)
Fv = RM2.40 @ PE 10 based on last two Qeps
Currently trading approx. at RM 3.00 w/ pe 12.5
Dividend 10 sen x 2 = 20 sen for 2011
Declaring dividend in mid August

Hap Seng. MHC Plantation.

Hap Seng Cons (nta 150, Q/Q 4.8/ 4.4/ 5.1/ 3.9) declared a 1st interim dividend of 4.5 sen tax exempted gong ex. 23rd July ... Div yield abt 5 percent ...

MHC (nta 200, Q/Q eps 6.4/ 6.1/ 4.7/ 3.8) announced bonus issue of shares with free warrants on the basis of 2 for every 5 existing, going ex. on 23rd July. Shares price surged from RM 1.88 to RM 2.08 with a gain of 10 percent ...

Plantations. It's time to accumulate

It's time to hand-pick plantations shares.
It's not cheap yet not too expensive.
Pick your favourites or the ones you're familiar with the price action ...
Happy trading ...

Plantation. Golden Agri

Golden Agri 3 months share prices fell from 80 SG cents to 60 cents ...

CPO prices fell to USD 930. Malaysian planters share prices to falter in days to come ..?

Gold goes ballistic. USD climbs.

Gold goes ballistic with an almost 4 percent gain to reach 1626 USD.

 US job data for May indicates addition of 69 k instead of the expected 158 k, prompting traders to bet on additional QE (which is positive for gold) when operation Twist ends in June ...

Gold trades for 1677 Aussie dollars 

Meanwhile commodities index CRB continues to slide to 268 on China slowing growth

USD climbs slowly from 3 Ringgit in March to touch  RM 3.20
Will it rise to 2009 high of RM 3.6 ..??
CPO fell below USD 1000; at 941

Gold. HSP. HSC. Unico. Boustead. GenP. KLK. IJMP

Gold chart shows weekly range between recent low of 1540 to high of 1600 .. Xau sells for 1580 USD today ...

Immediate resistances 1582, 1588, 1593
supports 1570, 1565, 1558

Poor earnings continue to afflict planters:
Hap Seng Plant (nta 250. Q/Q 7.2/ 9.5/ 8.5/ 6.6/ 5.4 sen) Latest Qeps declined almost 20 percent from previous ..
Hap Seng Cons (nta 150, QQ 4.8/ 4.4/ 5.1/ 3.9 sen) Latest Qeps plunged 25 percent
Unico (nta 96, QQ 1.5/ 2.6/ 2.2/ 2.1/ 1.8 sen) Latest Qeps slid 15 percent
Boustead (nta 443, QQ 11.9/ 19.7/ 12.9/ 18.6/ 14 sen) Earnings dropped 25 percent
Gent Plant (nta 430, QQ 12.4/ 18.4/ 15.0/ 12.4/ 10.4sen) Qeps down by 16 percent
KLK Plant (nta 658. QQ 35/ 40/ 43/ 32/ 20sen) Qeps tumbled by 40 percent
IJM Plant (nta 173, QQ 3.2/ 6.2/ 5.9/ 6.7/ 0.9 sen) Qeps dive by 80 percent

Fancy this : Impala Platinum

Plantation poor earnings.TSH.TDM.SOP.TWSP.

TSH (nta 104, Q/Qeps 5.8/ 8.8/ 8.4/ 3.2/ 1.8 sen) Latest Qeps fell about 45 percent from previous.
TDM (nta 496, Q/Q 12.7/ 13.9/ 21.9/ 18.7/ 7.5 sen) Latest Qeps slid 60 percent from previous
SOP (nta 289, Q/Q 12.8/ 15.9/ 17.3/ 9.9/ 9.1 sen) Latest Qeps flat cf. to previous
TWSP (nta 343, Q/Q 7.7/ 14.3/ 13.7/ 15.8/ 0.7 sen) Latest Qeps 0.7 sen cf. 15.8 sen ..!
You be the judge of what's becoming of the earnings of plantation companies ...

HSP and IOI are to release its earnings pretty soon, while KLK, Sime and IJMP will do so before month ends. It would be interesting to see how they fare ...

Meanwhile, take a look at Golden Agri Plantation two years chart. Shares price currently is at 64 cents compared to Sept 2011 plunge below 60 cents ...

Take another look at Wilmar two years chart. Share price plunging to 38 cents after recent reports show a huge loss in company earnings ... This looks like a good entry point to accumulate ... Techinical chartist, please please give me a clue ...

Commodities headed for violent correction again ..?

Gold plunges big time- from USD 1638 to 1580, a drop of 3.7 percent on renewed fears of Euro crises ( Greece political uncertainty, Spanish banks frailty, France new president fight against austerity) gripped investors ...This is bad news for gold investors as gold broke the uptrend line at 1620 ... And it could get even cheaper as gold struggles to find support ... < Er, good news for those aiming to buy gold at super low price with our strong Ringgit.  >

Commodity currency Aussie dollar continues to dive towards parity with the US dollar after federal government posted a budget surplus, signalling further rates cut may be on the table. Just a week ago RBA have knife cash/interest rate by 0.5 percent to 3.7           < Good for those funding kids studying  in Australia.  >

CRB over one year period showing the index falling from last year July highest to October lowest. Index seen sliding from recent high in March to current low ... Game over for commodities and its currencies ..? Are these the things to come for the Malaysian stocks market, cash interest rate cuts and its currency Ringgit .? I would have to say, YES, in the right sense of mind ...

MHC plans bonus issues

MHC Plantation (nta 196, Q/Q 8.9/ 6.4/ 6.0/ 4.7) Fv RM2.10 has just made an announcement on the proposal to reward shareholders with two new shares bonus issue and free warrants for every existing five shares held. Shares price rose from RM1.60 to RM1.80

Hap Seng. HS Plant. Revised

HSC (nta 147, Q/Q 4.8/4.4/ 5.1 sen) Fv RM1.90
HSP (nta 228, Q/Q 7/ 7/ 9.5/ 8.3/ 6.6 sen) Fv RM3.10
HSC and HSP declare a dv of 4.7 sen and 10 sen respectively going ex. 27th Feb 2012
HSC gained 6 sen while HSP gained 8 sen today ...

Hap Seng. HS Plant. TDM. Kian Joo.QL

Here's some of the stocks I still like despite the run-up in their prices ...
HSC (nta 147, Q/Q 4.8/4.4) Fv RM1.80
HSP (nta 228, Q/Q 7/ 7/ 9.5/ 8.3) Fv RM3.10
TDM (nta 350, Q/Q 14.9/12.7/ 13.9/ 21.8) Fv RM6.00
KJC (nta 202, Q/Q 5.3/ 6.9/ 6.9/ 6.4) Fv RM2.55
THP (nta 115, Q/Q 8.7/ 4.3/ 6.4/ 6.5) Fv RM2.50
Accumulate all above on weakness (buy THP only in RM2.20-2.30 range)
QL Reso (nta 092, Q/Q 8.4/ 3.9/ 3.3/ 4.6) Fv RM 2.10
QL fully valued, see no reason to accumulate ... Sell on rally ...