Icap has recently bought 8 mil Astro shares according to it's latest 2009 Annual Report.
It's current price of 1.70-1.75 has discounted 5% of it's NAV as at 15/7/09.
To buy at this level can enjoy 5% discount yet we still can tap the potential upside on Astro.
plus ICAP is an idea proxy for new bull run in Bursa Malaysia after recent correction.
8 comments:
Yup..I heard Icap sold Axiata to buy in on Astro.
SS,
Any of your friends wants to go to ICAP AGM?
Giap Seng
HI! GS,
Nice to hear you again.
Good returns from this year equity recovery ?
I wanted but unfortunately unable to attend this year AGM.
My friends also attending.
My friend not attending.
KC,
Still need to wait a little while to be back to the the level of the peak. :-(
However, overall, I am glad I still have some exposure on stock, but compared to last time, I had been more defensive. I shifted some of my stocks to ICAP, due to the discount over NAV.
I attended this year MUIIND agm, and Khoo Kay Peng did mention that business cycle is indeed very tough.
I wish to hear more from Tan Teng Boo to cheer me up a little bit in the coming AGM.
Giap Seng
Hi KC,
I attended the ICAP AGM.
I got the discount flyers where you can use to subcribed to icap newletter (only applicable to printed version).
You can use it to get 30% discount if you subscribed before 15 August.
You can also ask your friends if they are interested.
Giap Seng
So any good advise/ideas given by Mr Tan Teng Boo ?
He is buying more TongHer. But as this is a faily illiquid counter, he will buy slowly.
Giap Seng
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