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.