Talking about Sunway, i believe everyone staying at Malaysia should know about this company.
Sunway was a good company but after they build the SILK highway they have been suffering lost of money.
But at the end of year 2007 years, they managed to dispose the SILK highway by cash payment of RM50 million and the relinquishing of all of its economic rights to its 36% equity stake in SunInfra.
Through this, they can finally focus on their property and construction development.
Latest Q1 2008 result shows that they earn 5 sen eps, expecting they maintain the same result, it would be 20 sen eps, with current price RM1.95, the PE is stood at 10, which is ridiculous for such a reputable company. Sunway is expanding fast to Middle east country, and also China and Singapore. PE10 for Sunway is definitely a steal.
With current bull run which do not benefit Sunway, it would be good chance to snap this counter.
Saturday, January 12, 2008
Wednesday, January 9, 2008
Property Theme!!
Finally, the property theme has come, after the IDR theme related counter like UEMworld , ekovest all shoot up, now some other counters has start moving like Mahsing (up almost 10%) and Ynhproperty (almost 8%).
I am aiming at Sunway counter as this share has not seems any movement since the bull start running. By able to dispose highway concession business SILK, i believe it is time to buy in.
Surely, i am not sure how far this bull can run, but selling airasia to buy into Sunway would be a good choice since the property theme is starting to run.
I am aiming at Sunway counter as this share has not seems any movement since the bull start running. By able to dispose highway concession business SILK, i believe it is time to buy in.
Surely, i am not sure how far this bull can run, but selling airasia to buy into Sunway would be a good choice since the property theme is starting to run.
today Trading
managed to bought another 2000 shares of RCEcap @ 0.895, bought BRDB 1000 shares @ 3.0.
Tuesday, January 8, 2008
Wrong decision on airasia?
Yes, i have bought in Airasia due to the good outlook and fast expand of Airasia.
Some people saying that high fuel price pushing more people to the Low Cost Carrier. But, we cannot deny that Airasia margin has been pressured to the oil price increase.
Currently theme play has spread to the IDR link counter. I will sold with the minimize loss and invest in property counters.
Some people saying that high fuel price pushing more people to the Low Cost Carrier. But, we cannot deny that Airasia margin has been pressured to the oil price increase.
Currently theme play has spread to the IDR link counter. I will sold with the minimize loss and invest in property counters.
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