ACB jump up this morning from 0.985 to closing of 1.14. Day high done at 1.20. Up 16% in 1 day. What has happen ???
This counter has moving around from range of 0.70 - 0.90 since Lion Div announce to demerge & transfer the Parkson assets to ACB in early Oct.
Nothing has change untill now, this proposal still in preliminary stage and all approval needed still pending.
The only thing happen is just an announcement to change name from ACB to Parkson Group Bhd on 29/11/06.
BEWARE THE RISK TAKEN WHEN U BUY IT AT 1.14, U ARE BUYING A COMPANY THAT DO NOT POSSESS ANY CORE BIZ AT THIS MOMENT. HOW IF THE DEMERGE EXCERSICE CALL OFF ?
IF U ARE SO EXCITED FOR PARKSON BIZ, THEN IT'S ADVISABLE TO INVEST IN LIONDIV THAN ACB.
Thursday, November 30, 2006
Friday, November 24, 2006
KLCI FINALLY SURGE > 1,060
3 weeks since last post on 30/10/06, the KLCI has surge to 1,060 point.
Many may wonder will this rally sustainable ? Will foreign fund finally come or will they hit & go again.
Judging from the KLCI upward momentum & lead by big blue chips, we may foresee better time ahead for Bursa Malaysia. Optimistic due to the following development :-
1) GLS reform getting momentum by Merger of Sime Darby, Guthrie & Golden Hope .
2) New foreign investor for AMMB
3) Proton retructuring by 51% disposal to Foreign Partner ( most likely to happen this round)
4) Roll out of 9th Malaysia plan
5) The Govt is supportive to let Ringgit to appreciate.
We can expect better performance for STEEL counter in the immediate term mainly due to the roll out of 9th Malaysia Plan. All the Mega projects will make the steel counter busy for the whole year of 2007 .
Highlighted below personal comments on some STEEL COUNTER :-
LionCor ------------ 0.62, undervalue but not recommended due to high borrowing.
LionInd ------------ 0.985, undervalue, good returns expected once the Lion Group completed their restructuring. Main assets is holding in LionFib & LionDiv.
Ornasteel ---------- 1.07, undervalue, simple biz model, healthy balance sheet, good dividend yield. Good counter for long term investor.
Engtex ----------- 1.09, undervalue, profits will expand on water projects starting next year.
Hiapteck ---------- 1.20, fair value. not so attrative pricing. Not cheap to buy compare to abovementioned company.
Mycron ------------ 0.85, under value, but not recommended due to management capabilities not proven.
REMINDER: EVEN BULL IS FINALLY COME, DON'T GET INTO SPECULATIVE COUNTER ( HIGH RISK NOT NECCESSARY HIGH RETURNS), LOOKING FOR UNDERVALUE, GOOD FUNDAMENTAL COUNTER WHEN INVEST YOUR HARD EARNED $$$$$$$$$$$$.
Many may wonder will this rally sustainable ? Will foreign fund finally come or will they hit & go again.
Judging from the KLCI upward momentum & lead by big blue chips, we may foresee better time ahead for Bursa Malaysia. Optimistic due to the following development :-
1) GLS reform getting momentum by Merger of Sime Darby, Guthrie & Golden Hope .
2) New foreign investor for AMMB
3) Proton retructuring by 51% disposal to Foreign Partner ( most likely to happen this round)
4) Roll out of 9th Malaysia plan
5) The Govt is supportive to let Ringgit to appreciate.
We can expect better performance for STEEL counter in the immediate term mainly due to the roll out of 9th Malaysia Plan. All the Mega projects will make the steel counter busy for the whole year of 2007 .
Highlighted below personal comments on some STEEL COUNTER :-
LionCor ------------ 0.62, undervalue but not recommended due to high borrowing.
LionInd ------------ 0.985, undervalue, good returns expected once the Lion Group completed their restructuring. Main assets is holding in LionFib & LionDiv.
Ornasteel ---------- 1.07, undervalue, simple biz model, healthy balance sheet, good dividend yield. Good counter for long term investor.
Engtex ----------- 1.09, undervalue, profits will expand on water projects starting next year.
Hiapteck ---------- 1.20, fair value. not so attrative pricing. Not cheap to buy compare to abovementioned company.
Mycron ------------ 0.85, under value, but not recommended due to management capabilities not proven.
REMINDER: EVEN BULL IS FINALLY COME, DON'T GET INTO SPECULATIVE COUNTER ( HIGH RISK NOT NECCESSARY HIGH RETURNS), LOOKING FOR UNDERVALUE, GOOD FUNDAMENTAL COUNTER WHEN INVEST YOUR HARD EARNED $$$$$$$$$$$$.
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