Child Education Fund @ 31/5/2007

The market has undergo correction, some call it base building, Muiind has come down below 30 cent due to weak sentimen and fear of China Correction. I added 5,000 Muiind at 0.295.

China has started it's long overdue correction on 30/5/07. More volatile expected in China Market. Our BSKL has lost it's momentum, although the Index has not gone down much, but most of the counter esp 2nd & 3rd liner has come down to more attractive level.

For Value Investor, maybe this is the right time to accumulate ( slowly by stages) some good counter.

For me ? I will focus on Liondiv, Lionind, Muiimd, Ornasteel & TongHerr.
(IF THEY DROP TO MY TARGET PRICE )

Latest Purchase at 17 May 2007

I have bought 10,000 Muiind at 0.33 from Child's education fund.
Increase the Muiind from 12,000 to 22,000 shares.

Noted their proposed purchase of Metrojaya has got all the authorities approval, the deal should be completed soon which will see Muiind earning to improved in near future.

Latest Sales on 16 May 2007

In view of the uncertainties in the immediate term, I have disposed 2,000 Lionind at 1.98 and 3,000 Ornasteel at 1.46.

This has increase my cash to 34% and waiting for the right time to re-enter the market at lower price.

Child's Education Fund @ 30/4/2007

The Lionind has perform better & faster that I expected.
The KLSE is in correction mode amid fear of sharp correction on China Stock Market.

Since most of the local investors appear getting ready for the China correction, the possible impact on local market will be minimal. (hopefully)

Portfolio as at 30/3/2007

Even Lionind latest price at 1.60, it's still under value. It's NTA as at 31/12/06 is 3.11, it's EPS for latest half year is 0.23. It's earning is improving, we will see a big jump in it's NTA after the demerger excersice by Liondiv in mid 2007.

The financial performance for Ornasteel is good. EPS for year ended 31/12/06 is 0.19, NTA is 1.68. Dividend for year 2006 is 10 sen per share.

I'm bullish for Ornasteel and extremely bullish for Lionind.

Child's Education Fund @ 28/2/2007

KLCI finally undergo a severe correction on 27/2/07 & today. KLCI has went down 100 point at opening time today, rebound back to closed at 1,196 point. Down 41 point.

After this round of correction, The CI will resume the bull run to retest 1,300 point. LONG TERM BULLISH REMAINED.

Transaction @ 15/2/2007

Instead of buying Icap at below 1.50, I decided to use all balance cash to buy 12,000 Muiind at 0.275.

It has good potential to recover from current price.

Child's Education Fund @ 2/2/2007

Ornasteel & Lion Industries has appreciate more than 18% & 11% respectively, more upside expected.

Still waiting for the right entry price to buy 'Icap'. Below 1.50 should be an attrative price to enter.

KLCI has surged to 1209 led by Big Cap Stock. 2nd & 3rd liner with strong fundamental should move in following weeks. It's interesting to see whether the retail player will come back into market, daily shares transactions volume will tell.

Transaction@16/1/2007

Ornasteel has reached my 1st target.
Disposed 6500 Ornasteel @ 1.25 ( RM8,075),
Bought 5000 LionInd @ 1.09 ( - RM5,500 ).

The portfolio balance as at 16/1/2007 is 7,000 Ornasteel @ 1.24 ( RM8,680) , 5,000 Lionind @ 1.10 ( 5,500) and cash of RM3,265. Total Mkt value is RM17,445.

See value in Lionind due to :

1) Will benefited from the demerger of Parkson from Liondiv

2) Better prospect in steel biz after various measures taken to improve efficiency within Lion Group.

My First Wish in 2007 - Child's Education Fund

I have one son ( 4 years old), and all I want to give him is good education. Since I have no faith in Malaysia's local university, I would like to sent him to oversea university when he finished his SPM.( 15 years later). Therefore I created this fund in 1/1/2007; My 1st Child's Education Fund.


I have allocated RM15,000 consist of 13,500 Ornasteel shares ( worth 14,310 @ RM1.06) and cash of RM690 as the initial investment in Child's education fund. I will invest additional RM2,000 every year in the next 14 year as the additional investment fund.

If I'm success full in my investment, average 20% annual compound returns on the investment fund will get me RM373K in year of 15th. ( refer table A)

if I can get 25%, my fund will reach RM644K in year 15th.( refer table B)

I wish I will success in my investment and the money is ready for my son's education financial needs when he reach age of 18.

( I will publish in this blog for any purchase / sell in this portfolio, and the monthly movement in market value)