Monday, December 31, 2007
Sunday, December 30, 2007
Kinsteel
Last few days i saw a good news:
The China Securities Journal had reported that China plans to raise its export duties on some steelproducts w.e.f. 1 Jan 2008. Citing some steel company officials, it was reported that export tariff onsteel billets would be raised to 25% from the current 15%. In addition, export duties on long andstrip steel products, and welded tubes would also be raised to 15% from the current level of 0%-10% respectively. China, the world's largest steel producer, had earlier scrapped its 13% exportrebate (VAT) on carbon steel welded tubes as of 1 July 2007. The export tariffs increases wouldcome amid increasing overseas dumping charges against China's massive steel exports at thesame time cut energy consumption and pollutant emissions.
With less steel export to here, we would expect the share price of steel might going on, who would benefit from this act? Sure is local steel maker, like Masteel(in over bought region), ornasteel, and not forgeting would be Kinsteel.
Kinsteel latest Quarter report shows EPS 68sen , and Q1 and Q2 are 43sen and 45sen respectively, assuming better result at Q4 EPS 70sen year end, the PE is stood at (1.39/2.26) = 5.7 , which is almost in par with Masteel and Ornasteel PE.
However, giving it high production and also, fund manager favourite, this counter indeed is a theme play counter. With the high growth in EPS, this counter might deserving PE 7 and above.
I would buy in with 5k allocated with this counter.
The China Securities Journal had reported that China plans to raise its export duties on some steelproducts w.e.f. 1 Jan 2008. Citing some steel company officials, it was reported that export tariff onsteel billets would be raised to 25% from the current 15%. In addition, export duties on long andstrip steel products, and welded tubes would also be raised to 15% from the current level of 0%-10% respectively. China, the world's largest steel producer, had earlier scrapped its 13% exportrebate (VAT) on carbon steel welded tubes as of 1 July 2007. The export tariffs increases wouldcome amid increasing overseas dumping charges against China's massive steel exports at thesame time cut energy consumption and pollutant emissions.
With less steel export to here, we would expect the share price of steel might going on, who would benefit from this act? Sure is local steel maker, like Masteel(in over bought region), ornasteel, and not forgeting would be Kinsteel.
Kinsteel latest Quarter report shows EPS 68sen , and Q1 and Q2 are 43sen and 45sen respectively, assuming better result at Q4 EPS 70sen year end, the PE is stood at (1.39/2.26) = 5.7 , which is almost in par with Masteel and Ornasteel PE.
However, giving it high production and also, fund manager favourite, this counter indeed is a theme play counter. With the high growth in EPS, this counter might deserving PE 7 and above.
I would buy in with 5k allocated with this counter.
ECMlibra and Airasia
Thanks Sam again for providing such good counter on ECMlibra.
Based on PE 10++ and politic link counter ( Why political link?
check this out : http://www.malaysia-today.net/blog2006/corridors.php?itemid=6185 ), this counter definetely is a good buy with recent high volume.
and also, the yesterday announcement:
ELAB had on 1 December 2005 obtained its shareholders’ approval for the ESOS, the details of which are set out in the Company’s Circular to Shareholders dated 9 November 2005. The effective date of implementation of the ESOS is on 27 December 2007. Pursuant thereto and in accordance with the provisions of the bye-laws of the ESOS, the Options Committee has on 27 December 2007 granted options, (subject to shareholders’ approval for the specific allotment) to the Directors as detailed in Appendix I (“collectively referred to as the Interested Directors”) at an exercise price of RM1.00 per Share (as defined below)(“Offer”).
wow, ESOS RM1.00, now they are telling you this share worth RM1 and more. if i can buy current price 0.92, i would love to purchase more shares.
And for Airasia, i have seen large volume of trading on past few days, with price drop from 1.70 until 1.60, which means there are two condition, first would be foreign fund is selling in large volume and also at the same time some other foreign fund is buying in. ( No individual share holder can hold such large lots of sell pressure). Or the share holders behind is playing with the volume and share price.
I plan to hold for 2 more weeks before i decide my next step. Or consider cut loss at 1.55.
Based on PE 10++ and politic link counter ( Why political link?
check this out : http://www.malaysia-today.net/blog2006/corridors.php?itemid=6185 ), this counter definetely is a good buy with recent high volume.
and also, the yesterday announcement:
ELAB had on 1 December 2005 obtained its shareholders’ approval for the ESOS, the details of which are set out in the Company’s Circular to Shareholders dated 9 November 2005. The effective date of implementation of the ESOS is on 27 December 2007. Pursuant thereto and in accordance with the provisions of the bye-laws of the ESOS, the Options Committee has on 27 December 2007 granted options, (subject to shareholders’ approval for the specific allotment) to the Directors as detailed in Appendix I (“collectively referred to as the Interested Directors”) at an exercise price of RM1.00 per Share (as defined below)(“Offer”).
wow, ESOS RM1.00, now they are telling you this share worth RM1 and more. if i can buy current price 0.92, i would love to purchase more shares.
And for Airasia, i have seen large volume of trading on past few days, with price drop from 1.70 until 1.60, which means there are two condition, first would be foreign fund is selling in large volume and also at the same time some other foreign fund is buying in. ( No individual share holder can hold such large lots of sell pressure). Or the share holders behind is playing with the volume and share price.
I plan to hold for 2 more weeks before i decide my next step. Or consider cut loss at 1.55.
Wednesday, December 26, 2007
today Trading
Buy Airasia 3000 shares @ 1.63 and buy ECMlibra 4000 shares @ 0.86 and 2000
shares @ 0.865
Bought Ecmlibra following Sam (Please refer to samgang.blogspot.com) and airasia for trading play purpose.
shares @ 0.865
Bought Ecmlibra following Sam (Please refer to samgang.blogspot.com) and airasia for trading play purpose.
Sunday, December 23, 2007
Happy New Year and Merry Christmas!
Happy New Year and Merry Christmas!
I have decide to put some capital to venture into Singapore SGX Market.
The initial capital would be 4k sing dollar.
While Malaysia market capital would be 23400k. (Compare to previous 26.1k cash).
The deducted amount would be added into 4k SGX portfolio.
Total Ringgit invest would be 32.6k. (Include SGX and KLSE)
This has exceeded my target to have 30k investment capital before 2008.
And also, the next target would be 100k investment capital before 2010.
For this month only 2 small transactions have being done. It would be Melati 1000 shares @1.49 and Rcecap 2000 shares @ 0.86.
Let's hope everyone earn big money on years 2008.
I have decide to put some capital to venture into Singapore SGX Market.
The initial capital would be 4k sing dollar.
While Malaysia market capital would be 23400k. (Compare to previous 26.1k cash).
The deducted amount would be added into 4k SGX portfolio.
Total Ringgit invest would be 32.6k. (Include SGX and KLSE)
This has exceeded my target to have 30k investment capital before 2008.
And also, the next target would be 100k investment capital before 2010.
For this month only 2 small transactions have being done. It would be Melati 1000 shares @1.49 and Rcecap 2000 shares @ 0.86.
Let's hope everyone earn big money on years 2008.
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