Wednesday, May 27, 2015

ex-index linked counters : At LOW

Stocks : AirAsia, BJToto, FGV, IOIPG, MHB, UEMS etc etc .... MAS

UEMS : Trading at "low" price(tracking all the way back to May 2009) ... Iskandar projects slowing down and some scraped. This is a GLC, which owns largest land in Johore ... and one huge falling giant. UEM married Sunrise(developer of Mt Kiara) some years back to give birth to UEM-S (S = Sunrise, for those newbies). UEMLand, UEMBuilder, UEMWorld ... I remembered these counters when I was very new in KLSE ... 6 yrs back.

Taken from i3 : UEM Land Holdings Berhad is a Malaysia-based investment holding company. Through its subsidiaries, the Company is engaged in property development, turnkey development and construction, land trading, property investment, project procurement and management and investment holding. The Company's project portfolio include Kota Iskandar, Puteri Harbour, the Southern Industrial and Logistics Clusters (SiLC), Afiat Healthpark and Nusajaya Residences. The Company had two direct subsidiaries: Nusajaya Resort Sdn. Bhd., which is engaged in proprietor and management of a Malaysia clubhouse, and UEM Land Berhad, which is engaged in project procurement and management and strategic investment holding. On February 16, 2011, the Company announced that it has acquired the remaining offer shares of Sunrise Berhad, making Sunrise its wholly owned subsidiary. In October 2011, the Company acquired parcels of land from Inch Kenneth Kajang Rubber Public Limited Company.

Well ... UEMS managed to get listed as KLCI index-linked counter. But ... somehow, they taken her out. This lady down from high RM3.59(adjusted div) and today trading at RM1.03 day-low.

What should we do if we have bought her at RM1.50 ... RM2 ... RM2.50 ... RM3 ... or even higher?

That is difficult to answer as cut-loss at the current level could be too painful. When it went below RM1.60, that is a cut-loss point. When it went below RM2.80, that was a cut-loss point ... depending on the entry price and if for trading purposes, we need to take-profit (or cut-loss) ... unless we are investing.

Property sector has been very hot some 2-4 years ago ... and slowing down now. Iskandar's developments and hypes were so rapid ... LEGOLAND ... now, the Education-hub ... nice projects, expensive condos/bungalows for the rich-n-famous ... or foreigners?

I have avoid property counters for nearly a year now ... as I seeing the whole sector have more downside to come. I will still avoid ... but looking to trade UEMS when it reverses.

MHB : Listed in Oct 2010 (born from mommy MISC), IPO at RM3.61 ... went to hit high RM8.50!! wow. Today .. it is trading around RM1.20 level, low at RM1.06. Is it CHEAP?? Dropping from RM8 level ... and how are we going to cut-loss, right?

Taken from i3 : Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), formerly MSE Holdings Berhad, is a Malaysia-based company. The Company is engaged in the provision of heavy engineering and marine services, which focuses on the oil and gas sector. The Company operates in two segments: engineering and construction, and marine conversion and marine repair. Its engineering and construction business offers a range of oil and gas construction and engineering services, from detailed engineering design and procurement to construction, installation, hook-up and commissioning. Its marine conversion business includes converting vessels, such as very large crude carriers (VLCCs), Aframax tanker and offshore oil rigs into floating structures for the offshore and gas industry. Its comprehensive marine conversion services range from engineering design to fabrication, installation and commissioning of these structures. In October 2011, it dissolved its wholly owned subsidiary MSE Corporation Sdn Bhd

Yes, MHB was listed in KLCI previously ... somehow, it was taken out and now have to fend for herself. The news of depleting order-book and SELL calls by many IBs attracted me to look at her ...

AirAsia : Trading as year-low ... needs to go back to Oct 2010 to see current RM2 level. It was trading in KLCI previously. Still trying to find the bottom ... trading at RM2.07 today.

FGV : Still going lower as I am writing ... at RM1.90 level today. What was the IPO price?

IOIPG : Also at the low ... at RM1.99 level now ... low 1.95 as for today.

There are few more ... which I might have missed out. Do let me know the counters. Will like to update their charts.

Note : Index-linked counters might not necessary be good. It might be taken out from the index, and funds will be selling ...

KLCI minus 13 points ... no bottom seen yet.

Trade with cautious.

Thanks to those came for my last night e-meeting.


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