We have disposed mildly again as price keep rallying back. We will continue if prices are right for our short term fund
We have disposed some of MBSB, AEONCR, POS, BERNAS, UOADEV-CA
One of the golden rule of investment. If there is a sudden unexpected spike on the things that you buy. Sell it off and reap the profit first. May not sell or but at least half.
All financials stocks rocking – a new round of M&A
From OSK, RHBCap to MBSB and today Affin a huge leap. I believe the it signaling a new round of merger. Personally I believe we should do it long time ago but BNM leave it to market force. There are still many redundant to service a limited market. I believe even MBf Card will also be acquired as it is just a local brand.
Malaysia’s Budget 2012 – Personally i think is a good one
Beside where does the money come from which channel and how it is going to manage. As of today worldwide sentiment, it is deem necessary to not just control inflation and boost spending locally. I think it is a good budget for short term at least.
Market proven solid support at 1320-1340
Even mildly shaken, but at FBM-KLCI at 1320 proven strong support plus good valaution.
We bought 農業銀行and SUNREIT
At the current price leve, 農業銀行 is one of the biggest bargain in town. We continue to like SUNREIT if price below RM 1.100
We have added 比高集團, SUNREIT, KHIND and UOADEV
Bargain hunting continous as any dip in US, Dow Jones will give us a chance for super sales again. We foresee the period is extedning till at least before year end. Any dip will provoke our mild purchase of the day. Again, why we do this is because we really dont know whether market is low enough but many good companies did should good result and valuation.
OSK should worth RM 2.50 – 2.80 for the merger deal
We believe the so called merger will price OSK at RM 2.50 – 2.80 which has from here still got a strong upside. The last merger with Maybank called off but it is likely this time given OSK owner is shown strong intend to sell. We added OSK further to our existing holdings.
By either book ratio or PE of 13-15 times. We believe OSK will be valued at RM 2.50. It is also more likely for RHB Cap to buy as it will assist RHB to start expanding itself to regional.