Proton.... easily made a "proton" today....

Well, news of Khazanah confiming that proton stakes will be sold completely and will involve a GO for all shareholders bump up the shares pretty good.... punters who got burned in the past weeks would have recovered their money today easily... is there more room to go?
There have been rumours that the offer is not going to be too high because of the amount of money required to keep proton "alive"...think you know what I mean...
Anyway, RM5.60 is not too much neither its too low in my opinion.
Whether there is still room for punters to ride the upside... believe so...
but even if it does not go up tomorrow, think its done many a favour... or perhaps a proton's "senior" executive may want to call a another press conference to say that it may not necessarily requires a GO or say probably proton is still considering the sales... etc..
Well then perhaps the executive forget that people can now sue SC for not doing its job.
How I wish the suit filed by the minority shareholders turned out to be successful... then E&O shareholders will get their justice... :)

My view is its best to sell proton off and take it private to sell off its asset bits by bits.. RM9.48 NTA is too high to offer for any bidders today... the whole company is getting less and less inspiration with their models... despite the recent model "inspira". I wonder big time, how the fcuk did they get feel that the name inspira would fit "Proton Ceplac"would probably be more suitable... more down to earth or perhaps" Proton Walan"...

Does the government know how much it will save the people of this country in terms of disposable income if the car prices are allow to go down should they let proton compete on a fair ground? its impact is enormous to the country's economy... but then again I don't expect the current gov to understand economics afterall, its because of this protective policy that has mold proton to become what it is today. Competition makes people stronger... well I guess, their balls are tied.

UEMLand....a rally in the making?

Well, its been a while since I talked about this stock and of late this counter seems 'active' and if the charts are anything to go by.... I think its about time it moves up the ladder with the huge potential in the Johor southern corridor projects picking up pace and the opening of the Johor Premium Outlet certainly have certainly given its assets and projects a boost... I think in the short term there is certainly going to be more good news in the pipeline for this company...

Chart wise,... its about right to accumulate in my opinion... your call.

US payroll taxcut and unemployment Insurance

Hey, here we go again...

If a bickering congress cannot agree to extend the payroll taxcut and the unemployment insurance for the people of the US, the could be some impact to the 2012 economic growth...

While the Republican is pushing for a full year extension, the democrats is adamant of not giving anymore extension. By Jan'12 if both the political divide cannot come together to reach a consensus, then the S&P might just fall come the beginning of 2012... that's when the bear will begin to take control... beware, you have just been warned.

MBSB Upgrade

Haven't posted much lately busy trading and keeping up with global news particularly Europe..
Anyway, MBSB is poised to hit above RM2 very soon...
An impending upgrade is expected due to the expectation of significant revenue increase in 2012!...

Is the Christmas equity bull run alive or dead?

Well, things certainly looks rather gloomy with US super committee failure to impress?
No tax hike, 1.2 tril automatic deficit cut.... its a win win for both sides, so what's the problem?
It just goes to show a weak government in my opinion. US14tril deficit is way too much to be indecisive... Republicans and the Democrats need to work together to agree to a bottomline that US needs to do to bring the country back to growth and lead the rest of the world.
Essentially there is no difference in leadership between US leaders and the European leaders in addressing the sovereign debt crisis....

Now with the China's Nov manufacturing purchasing managers' index (PMI) slumping to a level lowest in more than 2 years... is China going to see a hard landing because of China's monetary tightening campaign? Only in Q3 China raised interest rates for the third time this year in a bid to calm rising consumer prices.... so is China currently the world's growth engine is affected by the recent Europe's financial turmoil? Well of course!... its has always been a demand and supply thingy and will continue to be bounded by that.... else who do you think China are selling to??

Well, as for KLCI, I think its a different animal... afterall its backed by EPF, Khazanah and PNB continuously so I think its going to have the year end rally. Well, the moment penny stocks starts losing its glitters then its time the fundamental kicks in... in the mean time, let's punt safely.. :p

Euro Sovereign Debt Crisis averted?...

Well, guess if you use the yesterday's equity market performance to gauge and looking at the whole world response to the news that the European leaders have agreed on the below

1) 50% write down of the Greek govt debt
2) Increased EFSF to 1.4 tril and its bailout mechanism
3) Recapitalization of banks in euro region

Is that all it takes to resolve the problem? No.
Regardless, its at the very least a plan finally from the European leaders despite the cancellation of the Wed finance minster meeting which I think could have happen unofficially nonetheless.
Anyway, the fundamental problem is easy that is the european government and its people spent too much, too fast and produce too little. When you're in such situation, it is as good as you are earning $5k monthly but have a monthly debt commitment of $5k to meet if not more. how to survive? well, first get real and face the reality and embark on a plan to restructure the cost structure. In this case, Greece needs to stimulate earning growth and increase revenue while at the same time reduce expenditure of the government.

The entiutlement mindset of the people have to change, from entitlement to well deserve.
Untill that culture is changed, the sepeople will always find that the government is not doing well for its people. I am not saying the governement is not at fault but I am saying the people is equally at fault for having such expectation (entitlement mentality) from the government.

So back to the the KLCI, stocks are moving well and many blue chips have indeed recorded stellar movement of late. Look at Genting, Mahsing, UEMLand, IJM. I am bringing you back to these 2 counters... MBSB and OSK...

MBSB, still ridiculously undervalued and expected to jump once the company posts its quarterly results.

OSK, a good buy especially when many are expecting a RM2.30-RM2.50 price offer from RHBCap. Personally, if I am Ong Leong Huat, I will not sell unless its RM2.50 and above.

MBSB undervalued...

MBSB has been in the spotlight for the past week due to the budget expectation that will indirectly benefit the company should civil servants' pay are bumped up with adjustment and bonus.

Malaysia Building Society Bhd (MBSB), 2nd quarter results has been very impressive.

The financial institution, which has the Employees Provident Fund as its biggest shareholder with about 66% stake, saw net profit come in at RM78.2 million, which was 58% higher than a year ago and 14.5 higher than the preceding quarter.

First half net profit is RM146.5 million, a 58% increase from a year ago beating analysts' expectations by about 12%.

The strong profit growth was largely driven by a steep rise in Islamic banking income, supported by stronger demand for personal financing among civil servants.

While housing loans used to be the group's traditional area of strength, going foward, areas of growth would be personal loans and corporate loans which are fast catching up.

Personal loans currently accounts for about 40% of MBSB's overall loans, followed by housing loans 34% and corporate loans 25%.

The company plans to launch more new retail products this year, such as hire purchase loans and Islamic credit cards, to diversify its revenue.

MBSB's share price has risen of late and closed at RM1.64 today inline with the global equity recovery in the stock markets.

Enought of the typical report, this stock is definitely under value and I would place a target price of RM2.39 to be achieved in the next 3-6 months down the road.

Re-rating catalysts include but not limited to
1) Higher-than-expected loan growth and margins
2) A sustainably high return on equity of over 20 per cent
3) Confirmation of a dividend payout ratio of at least 35 per cent
4) Potential M&A

MBSB, in which PNB also has ~12% stake, had in last quarter surprised investors with a gross dividend of 5 sen a share. It was the first time in recent years that it declared an interim dividend.
Personally feel that the company could easily be making a full-year net profit in excess of RM275 million.

In short, is the recent run up a sign to buy? Hell yeah....

Private companies being bought over by GLCs...

What's the implication?
Well you can say what you want but I can tell you such exercise which are rampantly happening in the Malaysian soil is what drives foreign investors away from the Malaysian stock market.
This started since Maybank time, when the bank was taken over in a hostile manner by government. The owner of course has since left the country. Robert Kuok sold his sugar business and moved his main core business out of the country.... UEMLand buying Sunrise...Sime Darby buying into E&O and now PNB taking over SP Setia....
As an investors, all I care about is the going concern of the company and whether the company will generate higher values for shareholders over time... We all know GLC's track record!, less than satisfactory given the upperhand they enjoy as GLCs. Hence fuck it, why would I believe that SP Setia is going to get better with PNB taking over?!?

Look at Sime Darby, poorly managed... MAS, do I need to say more? Bottomline there are nothing wrong with the business model of those GLCs but rather the people running them that is the culprit to why these companies are not generating super income for its stakeholders...

So, while the government tries to privatise more entity, GLCs are "deprivatising" companies... just what the fuck is the government trying to do?? have some sense of direction for goodness sake... lack of strategic leadership is the key to the country's problem and lack of FDI.

The undilah video, is so true... this country is full of problem.... you can say which country don't have problem but this one has far more shit than you think. You don't want to wait until it explode and get hit by the shit right on your face.

Property sector of Malaysia

Well, the recent selldown of many property counters is not surprising...
As of today, most housing projects will still be selling like hot cakes in most of the areas in the country. Question is do we have secondary market demand? even those projects that costs around 400k are sold out in hours upon launch especially those from reputable developers....
I think there are so many sellers and so little buyers these days... therefore its buyers market.
Worst, the property sold in Malaysia are not habitable upon completion unlike houses in foreign countries like US, Aus, UK. Developers get good margin from the current model...
E.g. You buy a RM1.2-1.5mil condo in Penang and you still need to renovate at least 150-200k to make it cozy and feels like a home. Most of the materials are cheap parts and there is nothing in the unit for you to move in and stay...
Tell you what,... if you ask do we have a property bubble now?... I would say "fuck yeah, there is one big one", if the Europe thing go worse and Greece is bankcrupt and recession comes in 2012... property prices will drop significantly... that time you will get many houses on fire sale... just look at the supply...

KLCI, Malaysia and all the issues today...

Well, PM's named a few plans that pushes towards restoring the democratic freedom Malaysian have lost since few decades ago...before the people begin to feel that there is a hope in the country, we need to wait and see. PM of this country today have the tendency to flip from flop and the flip again....well, election is near and therefore such announcement is not surprising.

As a person who is born here and stay here for long enough, I can tell you, unless they implement all those and passed them into laws, all those politicians can say what they want.. its just lip service to me. The gov of Malaysia is famous for bad execution despite great plans.
Look at MAS, its not like the model is not working, its the management and also the reliability of its human resource in pushing for a change that's dragging MAS to red...

Proton is another joke that everyone is tired of... after so many years, they still "chiplak" Mitsubishi.... Naza is doing better than them... to me, for Malaysia to move forward, there are a few things we need to do in my opinion.

1) No bail out to the national car company and remove APs.
2) Improve purchasing power and disposable income. If you cannot improve the income of the people, reduce the ridiculous import tax on goods such as car which is an essential item today in every household, no thanks BN's bloody lousy city planning and nation development strategy. I doubt they even have a strategy in the first place. Just look at the recent MRT rush.
3) Implement selective protection policy on certain industry for the sake of Malaysian but remove the 30% equity requirement for certain race. If the gov is honest in helping to eradicate poverty, then allow the 30% equity to be given based on merit and to the public not to elites of strong political cables.
4) 1Malaysia, before you want the people to unite the gov must themselve unite. If PM and its people cannot even get themselves to unite on the malaysian first and race 2nd, just stop all these nonsense of hypocrite. Walk the talk else fuck off.
5) Implement a public sector hiring policy of certain % of race must be met for every gov sector and allow every level/position in the company to have different races holding positions. Most importantly the gov must ensure some form of incentives are given (tax rebate) when company practice the policy. Gov need to embrace diversity instead of making all GLCs, one race.

6) Fix the fucking education system by letting someone with credibility and capability to lead that area. I'm sure we have many people to choose from, it takes courage and a true patriot to do so. Education is afterall the foundation to a country's success. You want FDI, show us the brains!

7) Have the guts to charge those implicated in corruptions be it your colleague or your political opponent.

8) Rule of thumb in life: When people know they are supported even though they don't have to do anything to earn that support, they learned helplessness. On the other hand, if they know that they will have nothing to support them should they choose to laz around,...they will work hard for a living.

Equity market going to rise or plunge further?..

Hey, what's going on with the market?!?... a question that is ringing in many of our minds and in fact, fundamentally the economic situation in the US is doing well despite the S&P downgrade, however, Europe is the culprit... unless the sovereign debt issue is resolved with solid measures being implemented, one of them letting countries that are weak to fail or default and kick them out of the Euro circle. By continuing to bail them out is only going to create more issues down the road and we will never get to invest in peace knowing we just buried a "time bomb".

Well many can say, what's the big deal with the debt ceiling? nothing too serious in my opinion... the US can still print money as they have always been doing and will continue so in the future.
The most critical day that many investors are waiting is Aug 26th the day the Fed will meet and many are expecting there will be some indication of stimulus as evident in the last few days whereby bargain hunters swooped in....

Tell you what, if by Friday the stock market is reasonably sustained, why would the Fed be doing anything? Another way of saying is why does the Fed need to say something to the tune of QE3 (for example)? They don't!!... the Fed has said that they will keep interest rates low until mid of 2013 and they will let the market ride out the rough waves... what makes you think the Fed would be announcing some stimulus for the economy or even QE3?

While I remain a buyer, I just don't think the market have reached the bottom on the overall... some stocks don't need to wait until the market tanks before they reach super cheap status... with the rate that the KLCI is going (for example), many stocks are already fundamentally cheap if you are to long them... Key is to spot them and take the risk...

Main concern here is Europe needs to do something fast before it drags the US banking system down with it...
Last I want to see is Dow Jones down more than 1000 points in a day.... To Germany, the big brother of Europe "Be a man , do the right thing".

So what now?...

The US Federal Reserve has decided to keep interest rates at the current level for the next 2 years.... US market reacted only to give up the gains the next day... With the ECB is buying Italian and Spanish bonds in an attempt to address the concern on the European sovereign debt issue,US economy is apparently slowing down...

With so much cash in the market, where do these money needs to go? Treasury bonds yield lesser than peanuts, commodity prices are dropping...stock market have suffered major selloff of late.... so what? buy gold? Well, may not be a bad thing but not a preferred. Why?

Simple, we need to understand what's the main issue here.

1) US debt problem is not new, the situation in US does not gets worse only of late.

2) Neither is Euro debt problem, so what if banks starts to fail? let them be. only the strong survives

3) Asia's economy is relatively strong and the next decade and beyond it will be Asia led by China and India.

4) Asian currency will rise with the fall of US dollar (continuous quantitative easing)

5) The problem today is 80% confidence crisis, 20% real financial problem.

What if France lose its AAA rating? - not surprising since US "lost" it too. Impact will be negligible. What if French banks incur major lost from the exposure to the euro governement debts? The damage is already done... Germany needs to take lead and work out the revamp to lead Europe out of the woods. I just don't think Italy will fall as many have feared.

The hedge funds and foreign institution funds need to pay dividend and where else to park their money to work for them if not Asia? For every major selloff like the one we've seen in the last few days, things are bound to recover at least 30% in the next 9 months or so.... so what's your take? I'm a buyer.

US market a dip or a start of the double dip?...

This is a very emotionally challenging moment...with the US Dow Jones index plunging close to 4.5% while the Nasdaq closes down >5%... S&P wiped out more than 1.28tri dollars in value... so just when the majority of the public felt the slightest tinge of relieve that the US manage to avoid a default, the stock market is being shorted on the ground that the US economy outlook is growing negative.... the continuous fear of Euro crisis...plus the impending job reports tomorrow...

So what is real message here? Is the economy really in trouble? or perhaps US re-entering another recession?

My opinion is this... Today's fall is merely caused "categorically valid" fear by hedge funds heading the pack to reduce risk exposure to the equity market and perhaps repositioning their portfolio for the next 2-3 quarters...

So is the spectre of QE3 getting stronger with today's selloff in equity? Yes, just look at the VIX.

As a matter of fact, QE3 looks almost certain should the job reports re-affirm investors' fear on the streets...US dollar value will continue to slide 3-6 months down the road. While the dollar will suffer because of the perception of a likely introduction of QE3, the impact to the equity market may not be a big as some may expect if it happens... What happen to day is people are hoarding cash instead of investing... people are held back by their fears to invest for the future and all the negative data released of late certainly reaffirm that.

Anyway, rule of thumb in investing is to keep some cash at least 30% of your total investment capital have to be in cash for opportunity like this... Main sectors that investors should take advantage of is the technology sector in my opinion. Tech will fare well as compared to the rest.

I personally don't believe this is the beginning of a "double dip"... but merely a short pullback in the stock market.... Keep a cool head and think rationally. Don't let the crowd fool you.

Like I mentioned in my earlier posting, stay hungry(look out for opportunity) and stay foolish(discard the herd mentality). Asia market will not be spared of the selloff but it will only be a short dip not and am not going to change my outlook on the equity market for the next 6 to 9 months from now...

Stock market...buy, sell or do nothing.

Well now that Obama has sign the debt bill into law, people are worried with the spending cuts and the impact on economy of the US that has a slightly above 400mil population... To be honest, the resolution to the debt issue is a no brainer and its merely how the politicians wanted to use it to score points. Regardless, spending cuts and tax structure revamp (impacting the rich) is essential, not cool but necessary.

Anyway with regards to US equity market I am very bullish on how the market will move in the next 6-9 months. US companies with exposure to Asian market particularly China and India will register growth and those with extremely well managed ones are going to continue to report extraordinary growth and earning reports down the road.

KLCI, on the other hand is expected to break 1600 soon... selective companies in sectors such as property, construction, plantation and leisure and hospitality is expected to lead the rise.

Stay hungry, stay foolish... don't follow the crowd.

By the way, the US will keep its AAA ratings... that's for sure.

US debt ceiling and its implication...

Well the problem that US is facing today is a classic case of financial mismanagement or in layman term spending more than what we earn. US have been spending way to much, way to fast. USD14.3 trillion debt is enormous and that will take probably half a century to repay that amount for an economy the size of US.

Between Boehner vs Reid's plans, I would personally prefer the latter, no doubt about that.
However the US congress have to realize that no matter which route they choose, spending cuts and tax increase is imminent. Austerity measures must be taken if US is really serious of preventing the debt problem from spiraling out of control. Simple concept of life, when overspent, you cut and rebudget future spending. No one can continue to borrow and life luxurious life forever especially in this case, we're talking about hundreds of millions of Americans future, the future of their children.

US politicians should understand the repercusion and not keep pushing this to the 11th hour. While it was claimed that there is a Plan B being put up as we speak, it should not contain anything unexpected beyond what was mentioned above, that is spending cuts + tax increase. The tax increase may not have to be a blanket measures but expect it to be implemented on selective groups -mainly the rich.

The whole world is watching and we all know US will not let the country default its payment and neither would Obama go down as the 1st US president that leads the country to a default.
2nd, we know the problem and we know what must be done for the good of the nation.
Politicians should sit down objectively and put their difference behind and work out a viable plan. There will be no winner or loser in this case, whichever plan gets implemented the American people will be the ones absorbing the impact.

Bear in mind that the longer they delay the resolution to the deadlock, the bigger the repercusion. Reputation is at stake here. Credit ratings is almost guaranteed to be downgraded from AAA. Bottomline, the delay is uncalled for.

A lesson to be learn for countries around the world... as my parents used to say... richness can only be sustained with prudent spending, continuous savings and educated investment. No one can deny that.

Time to buy some serious stocks!!!

We have seen the rally and the consolidation and despite the gloomy outlook in US economy and the on going debt ceiling stalemate, the world economy will rise and perform better than expected. Similarly, I am expecting Malaysian economy perform in the similar trend...
The GE13 is not going to be around the corner as many have anticipate or perhaps I should say the BN had wanted the rest to believe...
Putting that aside, corporate earning results will continue to rise better than expectation for most of the "elite" pool of companies and now is the time to buy in serious volumes...
I expected the stock to rise in the next 4-6 weeks from now. We can all witness.
Particularly preferred is Boustead, DRBHicom, Dialog, Genting and Perisai in that sequence.

KLCI movement this week...

Well, Yingluck Thaksin has done it!... well done to the red shirt. The party surely has a lot on its plate... particularly important is the 40% increase in minimum wage.
Anyway, in Malaysia the country is facing the Bersih 2.0 rally this Saturday so what does that means to the stock market?
To be honest, i think the stock market has already factored that in.... no surprises, the only thing is if UMNO led gov really go all out to stop the gathering either through ISA, EO, Police arrestment of all suspects with yellow theme, then it will likely be a no event but the chances of that happening would be less than 5%. Why?... simple.

First, does the country has enough jail space? 2nd, it would instantly be labelled as Libya no.2.
Malaysia's involvement in any human right related matter would be viewed as a joke. Unless of course if the politicians are too dumb to realize the impact of their actions.
First, I do agree having the rally will affect business... but surpressing them would be an insult to democracy. So why don't give then a space and ask them to gather there in peace. It can be used as a way to gauge the support of Bersih and at the same time if the number is very high, BN should know what to expect in GE13 and on the other hand, if the turn out is low, it would be a slap on the face to the opposition parties. Either way, I see BN is set to gain valuable info from this rally to prepare themselves for GE13.

Thailand's opposition win is a sign for BN that no one stays in power forever unless you turn into communism like China, else its common to switch power to mitigate abuse of power and complacency. Be a gentleman BN, don't act like a coward and last I want is for other countries to view Malaysia as a communist country with no law and act barbarically to silent critics.

I value my investment and hope those stupid politicians don't screw up my big plans.

Stocks to rise and fall...

Well, if you're superstitious we have certainly past the time of the year where its the most inauspicious day for stock investment market....so what now? bullish or bearish?
I think Greece will take the money and pass the austerity measures to pave way for continuous borrowing... Europe will not want to experience the impact of Greece's default, so is US.
Asia, basically don't care too much of Greece and if you ask me, you can't keep borrowing money to feed a broken financial system, you need to restructure and the measures are usually painful in the beginning. Afterall, the government screwed up and should have taken steps to prevent this.

Anyway, with much observation and some statistical data (courtesy of a friend) on some of the volume transactions in KLCI, I am 99% sure the stock market is poised to blow past the all time high soon. Fingers' crossed :p
Well, my personal stocks of favourite are Dialog, Perisai, YTLLand, DRBHCOM, Genting, & UEMLand

Stocks I would shun are XOX, MSM, UOA, Mclean, Gpacket. :p

Dialog a buy...

Ok, stocks have been flat for a while now and despite the negative sentiments of uncertainty due to the upcoming election, Dialog remains strongly supported ~RM2.75-2.85 range.

The proposed Petronas ~RM50 billion Refinery and Petrochemical Integrated Development (RAPID) in Pengerang, southern Johor, is expected to benefit oil and gas (O&G) players like Dialog Group Bhd and PCHEM.

Dialog, an integrated specialist in technical services in the O&G and petrochemical industry, and the company already has a major presence in Pengerang and the O&G construction segment

The company certainly stands to benefit from the RM50 billion investment by Petronas,
Dialog which already has a progressing terminal project in Pengerang has established itself a significant presence in the O&G downstream segment and has a track record of building various Petronas’ plants across the country.

Today's stock price looks cheap and definitely good for buying in anticipation of a small rally come Jul-Aug.

I remain very bullish of Dialog's 3-6 months stock price. Target RM3.40 in the next quarter.

XOX another scandal by SC?

Well, like it or not the IPO process is not simple and costly.
Also let me tell you its utter waste of resources to list a company like Mclean and XOX in particular. Despite Bursa claim to want to attract more foreign investors to Bursa, tightening of listing rules and regulations, etc... we have these 2 of late that are hypothetically a "good" for listing company but the development that surrounds them are highly questionable especially XOX whereby the company's timing in IPO, pricing, quarterly results, all were there to show Bursa does not have what it takes to prevent such companies from getting listed going forward unless, SC is willing to face the fact and revamp.
The ones losing out most are the retailers so unless we want to drive investors away from IPO, Bursa needs to change.

Why KLCI cannot move despite Goldman Sachs's call?

Well, many people always ask me why KLCI seems to be living in an isolated world and the stocks go up and down in a manner that is oblivion to the world market movement in general??
I will tell you why despite an overweight call on the malaysian equity, KLCI remains like shit.
One reason, lost of confidence in the government's leadership and credibility to lead the country with integrity, honesty and success. The perception of corrupted judiciary system, corrupted police force (not all from chief to constable, I hope) is what causes this market to behave pathetically most of the time. Even CNBC don't wanna talk about malaysia at all. Shit its damn frustrating to waste such a great nation away by having incompetent leadership. Brain drain has to be stop at all cost if we want to save this nation.
Look at the news today about evidence of police "executing" 3 youths that police claimed to be suspects of gang robbery. After reading all the info, I don't feel safe at all, let alone foreign investors. Sad day for Malaysia.
http://www.themalaysianinsider.com/malaysia/article/three-executed-while-kneeling-before-cops-says-lawyer/

DRBHCOM poised to rise?...

Ok, the Islamic banking merger with Bank Islam seems to be hitting a snag....

pos malaysia value unlocking will accelerate from here and more "news" is expected to be flowing to the public soon....

Technically speaking, the stock is looking strong and well supported at a 2.17-2.24 range.

Local institution is net buyer for a while now... more aggressive share purchase is expected from here until the month of Jul-Aug timeframe.... watch the stock closely...

Personally, I expect the stocks to reach RM3 within this year and for Q3, RM2.75 is within reach...

Mclean IPO, what happen??

Well, my previous posting that MClean price will stabilize at 29sen seems to be invalid now that this company posted a pretax los of ~RM200k. barely a month since this stock got listed.
Hell, no one would ever expected that a company who got screened and approved by SC will still post a loss ~3 weeks after IPO!!!
I have one comment for SC, the research house (Kenanga), Bankers who prepare approved the prospectus, fuck you and may you rot in hell. This is worse than broad daylight robbery, its pure CBT and those responsible should be arrested and put in jail to restore the trust of the investment community towards KLCI.
Knowing damn well that the company's financial health is not good, the IPO is still approved.
Don't fucking tell me that the company only starts to lose money after IPO?
By the grace of God I am not involved in the this stock but I cannot stand the way our government allow these irresponsible and corrupt institutions to cheat money from investors particularly the unsuspecting public who has limited access to the health of the company on its way for IPO.

With the latest quarterly report from this company, I now set the target price for Mclean to reach 9 sen.... its a SELL at all cost!!!

SC, if you have haven't lost your soul to the devil please delist this company from the exchange.

KLCI set to chart all time high?...

Well, many believe the general election 13th is around the corner for Malaysia and justified that it was the reason why the KLCI is in a sideway or consolidation mode... of all the sudden today the composite index jump close to 20 points and created a bullish engulf pattern on the previous day close. So is this a sign of more to come?, we may ask ourselves?

Few points to note:

1) Governement's decision to raise the electricity tariff signals that najib is willing to push on for more reforms - which is good for the long run and economic health of the country

2) Such unfriendly decision pertaining to item #1 above will need time for it to sink into the people of the country - election is not going to be July this year because Najib needs time for the people to forget and adjust

3) Likely that the government will reduce more subsidies in the near future and also the intro of GST - good move in the eyes of foreign investors

4) Najib's administration needs money for GE13 campaign after huge spending in the Sarawak election - stocks to move up to allow "bankers" to unlock cash and provide funding.

I pesonally feel election is going to be next year Q1 but then who knows what the PM has in mind...

So in short, KLCI should be on its way to create all time high from here before pulling back to close at ~1625 by the end of 2011.

Note: To those who are superstitious, from feng shui perspective, June is a bad month though... but I beg to difer... we'll see how it turns out though.

Equity,a sit out or buy in?

Since my last posting on Perisai, the stock has since went up to beyond 80 sen and come back down to about the same level when I posted the trading buy call...
Anyway, if you're "superstitious" then its a bear from now till Aug-Sep timeframe afterall we're in May and we all know what the saying is for May.... and you should go on a break from equity and take a long deserve holiday while keeping your cash in non equity forms.

On the other hand, knowing fully well that Malaysia is on the verge of its general election (13th, likely end of the year), and the many projects being announced particularly the Petronas projects in Johor state, and also the many privatisation plans for list of companies under Tan Sri Syed Mokhtar and Khazanah's selling of its GLCs' stake is to some extent can be viewed as positive developments for KLCI.

Bear in mind that the government (BN) needs money for their election campaign and apparently Syed Mohktar is one of BN/UMNO main banker, the list of privatisations will happen soon because it will free up cash and return much to the banker.

In particular DRBHCOM tranformation is going to accelerate, Bank Islam and Bank Muamalat will merge and DRB will emerge as main if not the sole owner. TCubes will go into oblivion. The news of the myemail appears to be a marketing gimmick for shareholders to unload.

So what does it means for investors on the street? Buy selective counters with relation to BN/UMNO might be a good start. Afterall, >90% of the counters in KLCI are junks most of the time... mainly due to lousy management and incompetent SC.

Well, IPOs are a good investment too but my rule will be to sell within the first 1 minute of listing. Like it or not, there are more MClean counters in the future so as long as the SC remains what it is, its the first 1 minute transaction for me.... take IJacobs for example, those who did would have made few folds... :) those who don't just might have waited too long that the shit hits the fan, at the very least Ijacobs is still above IPO price... anyway MClean deserve the title of "The fastest decline in IPO price in history so far" thanks to all those who partake in the IPO process, Kenanga et all.... you sucks.
Think the stock is going to stabilize at 29sen.

PERISAI ready to bounce?..

Perisai has been on the slide from 88sen since 20th April and hits a support level of 72.5sen today.... will the stock rebound in the next few days? Technically if volume picks up and the stock hold above 71.5 sen, the stock is expected to recover its losses in the next few days...

Well trade with care cause the KLCI is under much selling pressure such as May effect, increase in interest rates, further monetary tightening by bank negara, political unrest and election uncertainty factor. We can still earn from other market of course but I think perisai has good trading prospect.

Despite the shitty market, think this counter is a good buy afterall the selloff lately and the price looks rather attractive. You decide.

Malaysia Brain Drain follow up...

Courtesy from an article I read by Koon Yew Yin. Malaysia brain drain is serious but to the BN/UMNO in particular this is likely to have exceeded their party KPI to drive out more non bumniputra to leave the country for political gain.

http://english.cpiasia.net/index.php?option=com_content&view=article&id=2175:malaysias-brain-drain-government-in-perpetual-denial-&catid=211:koon-yew-yin&Itemid=193

Tan Sri Bernard Dompok, the true leader.

Read the article from MAlaysian Insider and for once, I am convinced that not all BN MPs are useless and lives a cowardy life. Tan Sri Bernard Dompok, I salute you and for a sure thing, the rakyat will vote for you to lead us in the next government in the making come GE13. God bless those good leaders like Islamic Spriritual Leader Nik Aziz (tok guru)-Menteri Besar Kelantan, Lim Guan Eng, Tan Sri Bernard Dompok and Datuk Seri Anwar, Tengku Razaleigh.

http://www.themalaysianinsider.com/malaysia/article/whats-wrong-with-christian-pm-asks-bn-minister


This is what I call great leadership and man of principle. Thank you for standing up for majority of the rakyat as for reality no parties in the country is disputing Islam as the official religion as its been listed in the constitution.
UMNO is creating unrest based on baseless news created by some slime balls good for nothing faggots in UMNO. MCA, MIC, where are your courage? And worst the PM is condoning all this?!?

TELL ME WHY THE FUCK WOULD THE FOREIGN INVESTORS COME TO A COUNTRY LIKE THIS???
No wonder the country is not progressing economically and the ringgit is 3x behind the US and Aus and 2.4x behind Singapore a country a few 10x smaller than Malaysia.
HEll the stock market is also fucking shitty of late!!
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Malaysia's brain drain holding back economy...

April 28, 2011KUALA LUMPUR, April 28 — More than one million Malaysians live abroad, the World Bank said today, adding that policies favouring Malays are holding back the economy, causing a brain drain and limiting foreign investment.

In a Bloomberg news service report today, World Bank senior economist Philip Schellekens was also quoted as saying that foreign investment could be five times the current levels if the country had Singapore’s talent base.

“Migration is very much an ethnic phenomenon in Malaysia, mostly Chinese but also Indian,” Schellekens (picture) told Bloomberg in Kuala Lumpur on Tuesday ahead of the report’s release today.

Governance issues and lack of meritocracy are “fundamental constraints” to Malaysia’s expansion because “competition is what drives innovation,” he said.

Malaysia’s growth fell to an average 4.6 per cent a year in the past decade, from 7.2 per cent the previous period.

Singapore, which quit Malaysia in 1965, expanded 5.7 per cent in the past decade and has attracted more than half of its neighbour’s overseas citizens, according to the World Bank.

Malaysia has in recent years unveiled plans to improve skills and attract higher value-added industries.

The World Bank conducted an online survey in February of 200 Malaysians living abroad in conjunction with the Kennedy School of Government at Harvard University.

They cited better career prospects, social injustice and higher wages as their main reasons for leaving, the Washington-based lender said in the Bloomberg report.

Singapore has absorbed 57 per cent of Malaysia’s overseas citizens, with almost 90 per cent of those crossing the border ethnic Chinese, the World Bank said.

“If Malaysia has the investment environment of Singapore and also had the innovation and skills environment of Singapore, then foreign direct investment inflows into Malaysia could be about five times larger,” Schellekens said in the Bloomberg report.

“They need to boost productivity and strengthen inclusiveness.”

Prime Minister Datuk Seri Najib Razak has pledged to roll back the country’s NEP-style policies but he also told the Umno assembly last year that the government’s social contract of providing benefits to Bumiputeras cannot be repealed.

According to the Bloomberg report, Najib has eased some rules to woo funds, including scrapping a requirement that foreign companies investing in Malaysia and locally listed businesses set aside 30 per cent of their Malaysian equity for indigenous investors. Last year, he unveiled an economic transformation programme under which the government identified US$444 billion (RM1.3 trillion) of projects from mass rail transit to nuclear power that it would promote in the current decade.

“If everything is implemented as they say, Malaysia is going to be a star economy,” Schellekens told Bloomberg. “The problem is implementation.”

One word, BN has to go.

Courtesy of The Malaysian Insider news portal.

How government screw POS Malaysia and ...

One example of why foreign funds will never be interested with KLCI is the latest 1 malaysia email project.
This is a classic example of how pos malaysia is screwed after khazanah have decided to disposed of its stake. Now DRBHCOM, if they get POS and this 1 malaysia email thingy is imposed on all GLCs to use the service to notify its customers instead of snail mail, then DRBHCOM is screwed too.

Why KLCI is not moving in tandem with regional and world stock markets?...

Well, many people that I came across did ask me, hey why the KLCI is behaving in the opoposite manner particularly when the world markets rally? What the fuck is wrong with the market or am I missing something?!?
Ok, this is my answer.

KLCI is largely a local stock market with less than 10% in foreign fund manager participating on the average of 3 years. Most of the stocks in the bourse are inter-related and has many political influency due to the head of the companies particularly glaring are those GLCs.

More than 65% of the trading volume are coming from either EPF or other government institutions. The ultimate reason why we cannot move in similar trend when the world market rally is because mainly these foreign funds are not buying into the local market because of the unpredictability of the companies in terms of prospect. Why?, because the companies get contracts through networks and contacts rather than capability.

I'm not saying all who get have no capability to execute the project but rather most of these companies are stronger in their network than their ability. Unless you have very reliable contact to provide constant environment updates to you, you're expose to high risk of being caught in surprise by some decision that does not make sense in corporate world or rather the best interest of the companies affected.

Also the liquidity of stocks floating in the market is so low that many foreigh fund cannot participate and with the rule of 30% foreign ownership in local companies intact, it further adds salt to the already untasty meal.

Despite the above, I'm not saying KLCI is not a place for retailers to invest but if you compare to other stock markets like Hang Seng, NTSE, Nasdaq, Nikkei... KLCI really sucks big time hence why would big foreign fund managers even bordered with KLCI? Having said that, small investors should be even more careful especially those uncles and aunties who are buying with life savings... :)

To be successful traders in KLCI, one has to be aware of the political situation and also the relationship of the companies involved to lower the risk. You don't want to be hit later and worst not knowing what hit you.

KLCI stock market progress....

Sarawak election results are predictable and have played out as expected...
So is the KLCI.... :)
Stock market is expected to outperform regional markets and rise above 1585 soon...
Those who bought as adviced during the sell off last week, congrats... those who don't you can always buy in now....

POS Malaysia stake... sold to....?

Well, Khazanah will have its board meeting today to decide on the successful bidder for its major stake in Pos Malaysia....
Sources mentioned that only DRBHCOM and Scomi were the finalists that will be considered by the board. For those who have been in the market long enough and have done their homework will know that between the 2 companies, DRBHCOM will emerge the winner.... 90%... Why I said so?

All these are relative comparison which favours DRBHCOM:
1) Good corporate governance
2) Strong balance sheet and financial capability
3) High ability to unlock Pos's value - value and profit maximization

I would be very dissapointed if Scomi emerge as the winner.

Regardless, whether DRBHCOM gets the stake or not, it's stock price is still valued at above RM3 no matter which method you use to assess and evaluate the company.

Recent selloff in KLCI...

Hey, many are caught in surprise by the recent selloff and were scrambling to cover the loss for those with margin... sigh what an ironic situation for the government?
Huge selloff on the week the government are promoting itself to investors worldwide? come on, its a total disgrace and outright lack of trust in the government's GTP, ETP that triggers the selloff, whatever plans it has, the investors just don't give a shit.

Well there is also that the fear of uncertainty due to the impending Sarawak election this coming Sat and many are saying due to the huge crowd turn out for PR compared to BN, it signals the folks in the state is ready to move on after decades of poverty and mediocre improvement in lifestyle and basic infrastructure of the largest state in the country.

So every election the stocks go down, and there is no surprise for this round either. Question is what difference does it make? We survived the Japan earthquakes and mid east unrest pretty well and do you expect me to believe that only lately the external effect becomes more prominent?! Fuck la, its the increase in risk aversion due to local election...

My advice, BN is not likely to lose the state by having majority but its not going to be the same... What does that got to do with the stocks in KLCI?? Well, some stocks might be affected, CMSB and some others ;) ... other than that, life goes on...

So should we sell, hold or buy? My take is we buy during these silly selloff. Bear in mind only about 25% of the stocks in KLCI is worth the effort buying. The rest are just craps.

Seal bullish run to remain?

With the many wood related counters, Seal is definitely one of the cheap and highly recommended for trading buy... while fundamentally the Japan reconstruction will benefit this company its the cheapest of the many in this theme....demand will rise significantly soon....chart wise, its still bullish regardless of the situation in Japan in dealing with the many aftershocks...

Watch out... if it breaks 64 sen, it will likely fly...

DRBHCOM's spectacular run!

DRBHCOM just continue to rise with both local institution and retailers loading up on the stock in anticipation of equity market recovery and future growth story for the conglomerate.... Latest news of DRBHCOM's bid for POS stake from khazanah is not a surprise... on offer price alone, DRBHCOM is certainly one of the favourite to clinch the deal. Whether the deal will benefit DRB in the long run? the answer is YES. Strategically the stake will enable DRBHCOM to "unlock" more values.... not surprising if DRBHCOM will embark on more value unlocking activities in the future given the positive sentiment on the equity market...

Like I said, its management has done a great job since the turn over and I expect the stock to rise further and hover at probably ~RM2.50 before going further depending on the market condition and impending news and announcement.
Congratulations to those who follow and bought earlier... :)
Stellar ROI indeed!!!

YTLLand... a buy

The launch of The Capers was rather expected, all the condominium tower units were sold out. Currently, the commercial offerings include the recently completed d7 and soon-to-be completed d6 boutique offices project. While two others, d2 and d5, will be launched soon... Like I said, the stock is poised to gain much from all the future projects in line for launch.

Whether the MRT is going to take off or not, this stock is going to go beyond RM2.30 soon...

Bull in timber related stocks...

Today Taann, Jtiasa, WTK, Lingui, Mieco all moved up pretty well.... decent gain in anticipation of the reconstruction of Japan. Realistically, these companies will benefit for sure but the question will be when will the bottomline be reflected by the increase in demand?
No doubt most of these companies are relatively stable... these run up are very sentimental and are very ahead of fundamental in my opinion. For those who managed to jump in prior to today should consider taking profits off the table....
There is 99% the reconstruction will start(likely in 2H) but there is a 1% chance it might not happen so soon should the nuclear disaster situation worsen or in case there is more post quake disaster that follows... we never know.

DRBHCOM on the rise...

This company certainly is one of the best in recovery of the equity market and has been attracting steady interest from investors... Well with today's market performance, many who bought in the past may have started to lock in the gain... its perfectly alright if you want to do so....
Will the stock continue to climb? Likely, the large seller at RM2.15 is merely a small bump... will pass with ease soon... :)
In summary, great company with great return and more to come...

KLCI target by Q3'11....

Well, Japan is making very good progress and Bahrain is dead serious in addressing the problem its people are facing despite the controversial demolition of the pearl square landmark... perhaps they want to apply the not in sight not in mind concept...:p
Anyway, world equity will start picking up from here in my opinion... KLCI is no excuse as well, KLCI target by Q3 is 1625 points... let it ride...

Japan crisis, what now for the equity market?

With Japan nuclear crisis on the line, Mid east and Arab's protests... what's the future for stocks?
If you look at all these issues, risk aversion is high and investors are clearly worried about the worst with regards to the nuclear crisis.
So my take is this,...
1) Japan will be successful in containing the nuclear plants from further meltdown.
2) Mid east and Arab unrest will fizzle out over time as Bahrain steps up the crack down and honestly we should discount Libya from the equation as the impact on oil is negligible.
3) Overall world economy is on the recovery and latest data in Q1 2011 is very positive and with the imminent reconstruction of Japan, which will contribute to the demand of natural resources and greatly benefit the economy particular countries that exports to Japan...

Therefore, it's a buy on equity....

Japan's earthquakes and nuclear disaster...

This is an unfortunate period for many people in the world especially those living in Japan and some of them who have their lives thorn apart overnight... the earthquakes damage were well contained but the damages brought by the tsunami were devastating.... to make things worst, the nuclear reactors are exploding 1-by-1. With the northeast wind blowing strongly, it will make the radiation spread faster than what the specialist can anticipate... Its sad to say that things are going to get worst for Japan from here... I do hope they are not hit by another earthquakes (up to half the magnitute of the first one) else, i think it will take decades for Japan to rebuild for sure....

How does this impact the economy? Well, Japan stock market has certainly shows the true pciture today by dropping more than 14% on top of the first trading day (post quake) loss of 6.2%. Oil prices continue to drop and world wide equity market continue to be sold down in view of the great uncertainty surrounding the world today. Many people even talked about the end of the world and how all these are actually signs before the ruptures.... I personally think there is a correlation to that.

Bear in mind that should the situation in Japan gets worst, the world economy will too and certainly the recovery in the US will be affected and this will cause a ripple effect throughout the rest of the world.... KLCI is no exception, you can have all the ETPs with billions of projects being rolled out but if the economic state of the world is in a down turn, not even a "100bil" MRT project will keep the optimism alive.

Worst case, if the nuclear crisis in Japan escalated higher then we'll likely see the stock market taking a plunge of a record size...
Investors should adopt the wait and see strategy before buying in bulk... there are many side effect of this crisis this time...

Japan

Japan

SPSETIA-WB a bargain...

Well, I have to bring this up.... SPSetia, target price beyond RM7.60 but its warrant is only RM1.54 which translate to a discount of 15% at least... why is that so?
Now is this a situation of market efficiency issue or is there something in the pipeline about SPsetia that the public are not aware of which keeps the warrant from matching its worth?

If you are familiar with the industry, some people are starting to say the property market is cooling down with the high oil price and rising inflation in the emerging market and blah blah...
hey, the housing market might not be able to distance itself from the risk aversion the the general public may have due to the unrest in mid east and Arab region... but the growth we see in the world economy in general is very much intact and US in particular is very encouraging...
today we say the world economy recovery risk being put to halt due to the above issues, tomorrow things may change... perhaps Ghaddafi finally relented and step down and Arab manage to reverse the dissatisfaction of its people by offering cash distribution and more job creation as well as wealth sharing....

My point is, we're on track to grow and equity is certainly the better way to grow your money if not the best bet... SPsetia will certainly lead the recovery of the KLCI... hence at 2013 expiry, its warrant certainly have future (lots of it) in my opinion.

On a separate note, DRBHCOM is moving up.... :) Good job to those who bought in during the low.... this is just the beginning...

Impact of Mid East and Arab unrest on world equity market...

Well, many after seeing today's decline in their holdings are sure to feel confuse now that even with the relatively stabilize oil price due to Opec commit to fill in the gap left by Libyan oil output disruption, good corporate earning results, US QE2, etc.... now many will ask where's the fucking money? All of the sudden people just loose faith in the economic recovery story even after many convincing data worldwide?

Let's be honest, even without the crisis in Libya the oil supply will be trailing the demand due to the economic growth and increasing consumption worldwide... almost 90% of the analysts agree that we should long the market for 2011.... and it will hit all time high for Asia's stock markets...
So today's situation seems rather at odd eh?...

Take Malaysia for example...well, you have to know that the election in Sarawak is looming and that tells you the gov needs cash... right and those money will come from the listed GLCs....
check the shareholding changes of late and you'll see >80% of the gov related party is selling...

Also, many are thinking after the panic selling last week things are going to get better... well unfortunately its not so direct.... its going to likely get worst before it gets better...
Buying now may not be as bad as some may think but if you can buy lower(if it happens) then its great but it takes more than science to guarantee that we buy at the lowest possible... While it may not be the best, its ok to start buying selectively... my prediction is the worst KLCI will hit is probably 1453 points and bear in mind this index is only on the 30 giant stocks in the malaysian market.... the rest is not represented.

You think about it...

Sell E&O!

A quick update, based on the medicre profit and dissapointing results from E&O its a sell.
Target price will be 92sen.
I want to reiterate a buy call on DRBHCOM which I have posted earlier and this time HDBS has futher comfirm the TP above RM3 that is RM3.55.
I'm certain it will hit above RM3 this year provided no major world economic crisis.

When external factor clouds the market...

Hey, all of the sudden the market turns bad and everyone was wondering what the heck went wrong and is there more correction or should we just wait and while we're waiting what share to buy? what are the safe counters...
Well, in today's situation one of the way is to look for a company with strong potential of growth and re-rating. While there are quite a few, my favourite would be Ho Wah Genting Bhd. This company is one of the many who will ride out this externally driven excursion in style... with the rising commodity price of the tin ore and the huge prospect of supply in the Perak state under its rule for the next 8+ years, you bet the company will gain much from the mining operation.

A definite buy with a target of RM1.25 in a couple of quarters to come.

DRBHCOM to begin its run?

DRBHCOM rose 10 sen today dragging most of its warrants along. Since I last posted about this stock as a must buy about a week ago, this stock has not yet moved much but will today's movement mean anything to us? Stock price well supported with heavy buying on the warrants indicated that investors are anticipating stock price appreciation going forward and are leaveraging the warrants which gives higher return in a bull run.

Last financial report was excellent and with more news to come and certainly with today's uptick, it goes to confirm the bullish signal for this stock. Those who bought in last week, good job...and those who didn't its not too late to act.... :)

Stock trend is a classic run up and my personal target, easily beyond RM3.

KLCI down 32 points... so what now?

Well, many might be surprise by today's market but not for those who follow the financial and equity market news day in day out... before every bull there is always a down time.... ;)
vice versa for the bear....
So my advice is to remain calm and look out for opportunities in the next few days if the market continues to slide... those who keep a portion of cash in their investment plan, its time to open the lock to that chest as fundamentally nothing has changed so why worry...

Sector to focus on should remain O&G, construction/property, commodity and finance.

This should be viewed as a great opportunity rather than a threat to the equity market.



Adios :)

Post CNY stock status review

Happy Chinese New Year to all chinese folks and to those who celebrate with their friends!!!

Let us see the status of stocks that was highlighted as buy back then in Jan'11.

Mahsing, YTLLand, Mudajya, Boustead all have moved...

E&O, L&G, TA were flat... should keep holding.

OSK was a flop given the prolonged profit taking from investors after a massive run up to RM2.20 within 3 months from OCt'10... however it is still rated a buy with a target price of RM2.60 by Q3 the latest.

Another stock I felt its worth to highlight is the potential in the DRBHCOM. Share price is poised to appreciate further as the bull charge towards the month of March. A definite buy for me.

Property counters updates...

Ok, now the KLCI has retreated to a reasonable level and its actually the best time pick up stocks in bulk....

Property counters have mostly also been under selling pressure/profit taking, risk aversion due to China's monetary tightening, etc... except for one counter, Mahsing... volume is high and the stock price is holding up very well. CEO is loading up and from my sources confirmed there are going to be a positive piece of news for the stock.

I advocate a buy on this stock.... :) well, its a buy no matter what the conventional chartist may tell you...

Status review....

Well, 2011 definitely started with a bang for many stock market investors I hope..

Anyway, for those who follow,
YTLLand, Mudajya, Boustead, Mahsing all have started to move... :)
More of those to come.... use the profit taking to your advantage.
Am beginning to feel the bullish mood already...

Hap Seng.....

Literally look like shit in a bag flying around.... just don't go and grab...
I'm surprise some people still advocate about buying when the company resume trading after annoucing the bonus issue... weird...
We need to think and read between the lines at times.

2011 is here so what now....?

Well, KLCI is certainly one of the regional top performer in asia equity market since the year 2011 begin. Having gone up close to 50 points in the first week of the 2011 is something many would label as a good start to another bullish year.... while many have started to cash out, alot more have started to join the race towards higher stock prices for the stocks in the portfolio.

So the pertinent question now is should we cash out or stay to ride the bull?
Well no one has a crystal ball that can tell you the answer that's for sure but you can still analyze.
Take a look a few stocks that are conventionally used as proxy towards riding the market.

My personal opinion of the stocks that are worth owning an should buy like there is no tomorrow.
TA, OSK - (Asia equity boom)
YTLLand ( under valued and more news to come)
UNISEM (Rising world semiconductor volume in 2011)
E&O, MAHSING, L&G and IJMLAND (potential sector re-rating and asset reflation)
BOUSTEAD (well diversified and will gain much from the high CPO price)
MUDAJYA (high receivables but good to have due the fact that this counter are poised rise due to the opportunity from the ETP and the GTP plans.

Well, these are what I think personally, you go check it out if in doubt.