As a continous direction, we believe Australia is not juat having advantage of minerals but also huge potential to further growth. We start to monitor Australand as we have communicating with its property division at the pass year. We found that its business and launching of properties are highly in demand and reputable.
We start accumulating Astro-CE at RM 0.045-0.05
As we favour Astro will improve its EPS and we believe it should back to its pre-IPO price within 12 months. CE conversion at RM 2.88 with ratio of 8. We believe a mild accumulation of CE with target price at min RM 0.10 is achievable. But we always advise Call warrant is high risk. Only invest with hedging purpose or you afford to lose that amount of money completely.
Result update – Genting weaken, Masterskill worsen, Hap Seng and Dsonic stable growth
Genting revenue drop around 15% and profit by half. Masterskill result is worsen and we recommend sell on any rebound. Hap Seng delivered stable growth result which our target price raise to min RM 2.00 and Dsonic business model plus its high EPS triggered our buy call.
We have strong gain on 東方表行 and 彩星集團
Expected improve result of Oriental Watch has given energy for the stock to rebound near HKD 3.00. Playmates has sky rocketd from HKD 3 plus to above HKD 6.00 today. We still like both valuation and its business and continue to hold.
Unexciting results for Cheetah, Paramount, Oldtown, Benalec, Padini, GUH, IHH
Results are small growth to mild pull back. We understand the cost is increasing but it has not shown comparative ratio of growth on revenue. We believe overall results may give more room for stocks to consolidate across the board.
We added PMCap at RM 0.075 and Astro at RM 2.670
We continue our mild bargain hunting and picked up both PMCap and Astro.
We bought Sunway at RM 2.270
We have queued some purchases that have all matched today. We will continue to buy in mildly and expecting the market to test 1580 level.
We bought Allianz at RM 7.10 mildly
We see the KLCI support level as of now. We just think it is good time to buy in Allianz at RM 7.10 triggering our mild bargain hunting.
Adjustment – Allianz calculation of PE to be included with PA
We have received good comments for our calculation on Allianz PE to be included with PA issued. As such, the diluted PE should be at 12 times as of the current calculation. I based on diluted EPS and PE calculation, as we valued the stocks should be at 15 times as financial indsutry overview. The price recommended Alliaz price should be adjusted to be around RM 8.50 if based on diluted basis.
We bought Gold and Astro today – KLCI at 1600 level
We will kick start our stages bargain hunting when it drops below 1,600 level. We see 1,600 as first support and 1,580 as strong support at the moment.