Back to square one....

I have written about melewar previously and is still a favourite stock for me because of the high NAV it possess.... the main thing is it's business is profitable.... business model is sustainable and going forward may continue to post slightly higher profit quarter to come... current level is attractive enough, cyclical trend has chance to resume and at this level it's cheap. Think this may be one of the lowest possible for this stock. If you have money, this is where you might wanna consider rather than unit trust. Its time to get out of highly equity based unit trust fund for now as they will only continue to slide....I'm actually in favor of a technical rebound for this stock in the short term...as usual, some may just disagree... its your money, therefore your call...

Ranhill...forgotten?

Well, this stock has been sliding since it hit a hit of $3.60 in Sep last year... loaded with huge projects in hand, this counter seems to have reached the bottom of the hill..... being one of the biggest engineering company in Malaysia, this stock is a valuable bet for long term construction boom... Malaysia is poised to engage in lots of construction activities in 5 years to come... steel price will rise too.. :P Latest rumour of privatization is not a suprise as this company seems to be viewed more on the speculative side rather than fundamentally stable company with huge exposure to government projects...

Based on chart, I'm seeing a positive convergence in a making and believe, the slide is over and its about time to buy into it.... privatization is a possibility but not necessary... You think about it.

Happy Chinese New Year!!!

God bless all of you with good health, wealth and happiness... and always love your family.

Happy Chinese New Year!!!

Market kong?.. not for Hong Kong.

HSI has retreated close to 30% from its peak of ~32k in Nov last year... memory of the first subprime victim is vividly lingering in most people's mind.. US will continue to cut rate and the dollar will continue to fall in the short term, US market are extremely vulnerable and should be avoided in general... Hong Kong the next best destination for me now.... fairly valued at close to 24k, with HK dollar being the main gainer from the weaker US dollar...this market is a bang for months to come... chart wise, i'm extremely bullish on HK stock future.... with or without the implementation of the direct investment train.. so buckle up...swoop in when its low.. go for state back assets mainly in energy related counters mainly O&G, not to forget telecommunication too... these sector are highly likely to return more in future to come.... take alook yourself.