Transaction on 27/8/10

Buy
IRCB 0.465 8000 shares Cost : RM 3740.74
TALIWRK-WA 0.055 109100 shares Cost : RM 6034.51
MAGNA 0.803 25000 shares Cost : RM 20186.35

Target to sell

IRCB 0.485
Taliwork - wa 0.06
Magna 0.825

Axiata (BUY, TP: RM4.82)

Axiata (BUY, TP: RM4.82)

2Q10 Results: 30% Dividend Policy
§ 2Q10 Revenue, EBITDA, and EBIT were in-line with our forecasts but above consensus.
§ Announced dividend policy of 30%.
§ Axiata will not be participating in Thailand’s 3G bidding.
§ Group level tax rates should trend lower.
§ Celcom’s revenue growth weakened qoq due to weaker prepaid ARPU and slower postpaid net adds but has potential for further EBITDA margin improvements.
§ XL is self-financing and will not divest its tower business, still has spare capacity on its 3G network.
§ Robi is taking subscriber market share while Hello faces stiff competition in Cambodia.
§ Our EPS for FY10, FY11 and FY12 is revised by +7.6%, +5.8% and +4.2% respectively.
§ Maintain Buy. Raised target price to RM4.82 (from RM4.78) based on a Sum of Parts methodology. Announcement of the dividend policy is expected to narrow the discount valuations gap with its peers.

Talam and Tiger

I' m stuck in Talam and Tiger, not moving much. I don't know how long it will stuck there. Lately, my stock picking not very good. Not much return from my investemnt( i mean in KLSE) and not enough capital to invest more in market.

Talam still stuck in 11 cents - cut loss or wait???
Tiger stuck in 15 cents - cut loss? or wait

Keuro moving very much for the past 2 days. Unlucky not collecting when the price at 0.865.

GPacket not moving

Today, i have sold my GPacket wA at loss since today T+4 for that stock.
My Talam still stuck at 11.5 cents level. I hope it will move soon.

No other trading today except to clear Keuro. But there is obstacle to clear it today. Maybe have to wait for next week.

No activity today

Our market today is not moving much. Most my favourite counter still up and down in limited territory. No loss or gain

Keuro up to.945 cents. Failed to clear at that level. Wait tomorrow to clear. target 0.95 cent. Ressitance level.

Talam also still stuck in 11.5 and 12 cents level. Hope can breakout soon. Next level will be 13 cents. I had 300000 shares at 12 cents.

Recommendation by DALI

Best Stock To Buy For A 1-3 Month Trade
The most frequent question friends and acquaintances would ask me is which is the best stock to buy - used to make me frown as its like asking a medical doctor during a dinner party about the gout problem you have and how to treat it - just because you are in a casual setting does not mean you can ask "professional" questions and not getting a fee for it.
I mean, you never ask a mechanical engineer at a dinner party how deep you need to lay the foundation for your house, as if you are going to do it yourself, ... though it seems for certain professions, doling out free advice is OK. Thats human nature I guess.If the other person is a good friend, I would then ask how long they want to hold their stocks - the reply usually will be: "as short a time as possible, contra better still". Of which my sarcastic self will morph and say "IF I can do that confidently, why bother telling you the stock at all ... you might as well tell me how many lots you want to buy NOW ... and I will just give you the cash right now". OK to be fair, you have to at least be willing to pick up the stock for 1-3 month. Since I think that the markets are going to be good for 2H2010, my best pick is .... (drum roll please) .... SP Setiaa) 2Q net profit of RM51.2m (+26% YoY, +34% QoQ) was mainly contributed by strong property sales recorded, on track construction works as well as an improving operating margin,b) EBIT margin improved from 13.6% in 1QFY10 to 16.2% in 2QFY10 due to lower construction costs c) the company chalked up commendable sales of RM598m in 2QFY10, vs RM608m in 1QFY10. Inclusive of May ‘10 sales, total property sales are around RM1.4b, accounting for 70% of its FY10 sales target of RM2b
Major Shareholders: Skim Amanah Saham Bumiputera 20.6% EPF 16.1% Tan Sri Liew Kee Sin 11.1% PNB 7.0% Shares Issued: 1.016bn If you look at the shareholding structure, its evolving rapidly into a major GLC. I expect PNB and EPF to continue to up their stakes in the company. Just last few weeks alone, EPF has upped its stake from 15.8% to 16.1%. Strategically I believe EPF and PNB have planned to use a reputable, proven and branded mixed developer to lead some major property development projects in the future. Just think of the bigger planned land developments over the next 2-4 years.Made RM171m net profit for year ended Oct 2009 (eps 16.7 sen), I think they will make RM220m (21.6 sen) net for year ending Oct 2010. EV/EBITDA will go down to 12x based on this year's expectations. P/BV is at 2x, not cheap but not expensive for a company like SP Setia. Fully diluted RNAV is RM4.59 according to CIMB. The shares should move a lot higher than the fully diluted RNAV figure. Reasons why I think RM5.00 (1-3 month view) is an easy target, a longer term target would be RM5.40 (6-9 month view): 1) The free float is technically at 59% but PNB has been gobbling up shares, and so too are long term funds, hence the effective free float should be less than 30%. 2) Though I think there has been some froth in Malaysian major cities' property market, I think there is no danger of a major correction. The strong liquidity in the system and regional Asian wealthy blanket should keep intense interest in good developers. 3) Anecdotal evidence that their major upcoming launch near Mid Valley was hastily postponed following some smaller development launching in the same area recently. The silly thing was the launch was 30% higher in price than SP Setia's proposed launch prices - and SP Setia's development is of a "higher value band". 4) Regional funds are looking to get a proper exposure into Asian property markets. A number of major private investors have been collecting good property shares in a big way (over the past few weeks) - think of it this way, if you are a Singaporean or HK private investor worth US$100m, you are not going to buy 2 condos here and 3 houses there, think of the logistics, costs and fees ... better off buying good developers' shares, plus its more liquid.5) This is the key to my liking the shares, there is a dearth of choices for funds to plow their funds into Malaysia even though they might like equity exposure here in general. Ringgit looks positive and many want to have a double whammy exposure as well.
6) The final catalyst is quite silly in reality. If you get hold of most analyst reports, you will find that those which follow or has an international rating template will have almost the same target price for SP Setia (i.e. around RM4.00-4.05). That has been surpassed easily, but even when an analyst is still bullish on the company, they cannot just simply upgrade target price as that would mean having to upgrade the projections. Usually there is a 15% band limit in upgrades. They will only be able to do an upgrade till the next quarterly results are out. As things stand, many houses are stuck at a target price of RM4.00-4.05, but having talked to some, many are preparing to improve that to RM5.00 as soon as practicable.The houses that are not contrained by that template, such as CIMB, have much higher target prices. CIMB has a RM5.51 target price.NOTE: The above opinion is not an invitation to buy or sell. It serves as a blogging activity of my investing thoughts and ideas, this does not represent an investment advisory service as I charge no subscription or management fees (donations are welcomed though). The content on this site is provided as general information only and should not be taken as investment advice. All site content, shall not be construed as a recommendation to buy or sell any security or financial instrument. The ideas expressed are solely the opinions of the author. Any action that you take as a result of information, analysis, or commentary on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
Posted by Salvatore_Dali at 9:19 AM
Labels: Song Hye Kyo, sp setia

Comment on stock

GPacket -Wa
Yesterday, but the stock open at 47 cent then move downward to 45 cent(immediate support level). To sell if break below this level. Next support level is 43 cents. Upside potential is 47.5 cents.

Talam

The price is still stuck in 12.0cent and 12.5 cents. This stock has potential to move higher if the property stock is moving. The next potential target is 13.5 cents. Have to wait a bit longer to break resistance at 12.5 cents.

EAH

Still in selling mode. I don't know how low it will going. But what i see in sellling na dbuying pattern,it looks like the support will be 47.5 cents. But it still can moving downward if the support broken.

Target to buy:

Keuro
MKLand
IRCB

Property and Steel Theme

Today, i expect our market will continue wirh bullishness. So, the theme for today property and steel sector.

My plan for today is buy more share in steel and property sector. What stock to buy??? That my problem now. Let see the market and decide.

6.00PM

Profit taking day. Most of the stock in the negative territory today afternoon. So, cannot sell anything today.

Buy 6000 shares EAH at 0.495. Reason : oversold and in freefall.

Hope no more fall tomorrow.

Bullish day

Our market today is very bulllish. Majority is positive. Property stock is main theme for this week.

Sold stock today - 3A, Tebrau and Keuro. Just bought last week. Plan to accumulaate more if the price going down, very unlikely
Buy today,

Talam 100000 shares at 12 cents. Target to sell 15 cents
Gpacket Wa 20000 shares at 47 cent to sell at 50 cent.

Don't be greedy. Enough for today.