OK. I will consider to publish pdf again.

Good work lcchong76!

CYPARK Analysis - http://lcchong.wordpress.com/2014/01/07/cy...sis-7-jan-2014/

KMLOONG–Waiting for bullish breakout

KMLOONG released FY14Q3 result on 31 Dec 2013. I yet to have time to analyse it thoroughly. The following figure shows my observation at this moment.

MAYBANK–Wait for new support

Tonight, I had a chat with my wife as she asked me whether can buy MAYBANK now. In terms of fundamental analysis, MAYBANK is almost fully valued. However, after checking the price chart, we may have opportunity to accumulate MAYBANK in short future. Here is my finding:

1. MAYBANK is currently moving in a downtrend channel.
2. The first support will be the current uptrend line, where the projected support is 9.6 – 9.65.
3. The second support will be the lower line of the downtrend channel, where the projected support is 9.3 – 9.4
4. The third support zone, which is the strongest one, is the 8.3 – 9.2, where MAYBANK ranged in this zone for almost 2 years.
5. In my opinion, MAYBANK got very support zone from 8.3 – 9.4. It is unlikely MAYBANK will turn to major bearish.
6. For my style, I will wait until MAYBANK found its new support level. Then, I will accumulate MAYBANK.
In conclusion, our action plan is WAIT.

Good analysis on chart , I have planned for accumulate more maybank share as well when the price start drop from RM10.

Expect that many staff may sell ESOS share for new year and chinese new year.

in the past few days, EPF started to net buy AIRASIA. Worth to observe...

KMLOONG Analysis - http://lcchong.wordpress.com/2014/01/19/km...is-19-jan-2014/

Reach to first support, but I quote at 9.6.

let see if MAYBANK can hold at there

Hope public bank happen as maybank, so I can collect more for public bank as well.

TENAGA Analysis:-

http://lcchong.wordpress.com/2014/01/26/te...is-26-jan-2014/

My View:-

- The outperformance in stock price was a pleasant surprise, although the drivers behind it are likely unsustainable in our view. Nevertheless, 1Q was not a representative quarter in any case, as the new tariffs (+15%) to end-users are only effective in Jan 2014.
- I remain positive on TENAGA as I believe
i) consensus has yet to incorporate the full earnings accretion from the tariff hike and,
ii) the reduced earnings risk under the Incentive-based Regulation (IBR) has not been fully priced in.
- I will continue to hold TENAGA even if I sold 60% of stakes. I may accumulate TENAGA a bit if there is a new growth driver.

Latest Financial – Q1 2014 Financial Report (23 Jan 2013) http://www.bursamalaysia.com/market/listed...cements/1523449

At the time of writing, I owned shares of TENAGA.

I thought you buy this share for trading? due to government often support it if the price drop a lot.

Maybank drop to second support. Now wait if it will drop to third support or not; and high drop for Deleum and Wellcal, plan to collect?

My thought is:-
1. It seem Mondrian Investment Partners Limited start dispose Wellcal shares, so wait.
2. Deleum price is still too high, wait for after chinese new year.

A bit mix. I have taken some profits, and I will hold some so that the profit will ride.

If there is new growth driver, I may add small positions.

MAYBANK - Yeap, let see can hold at 9.2-9.3 or not. I hope it will hold at that level.
WELLCAL and DELEUM - I agree to wait. I am quite keen to bargain hunt WELLCAL.

BURSA Analysis:-

http://lcchong.wordpress.com/2014/02/02/bu...sis-2-feb-2014/

My View:-

- Fair Values:
– EY%: 9.52 – 11.68
– Absolute PE: 7.18 – 9.81
- As of now, I will take 9.5 – 9.8 as the range of fair value of BURSA.
- In my opinion, in FY14, the following risks will outweigh the growth drivers
– Withdrawal of foreign investors in very large scale.
– US QE taper will cause higher volatility in the market. This may cause investors stay out of (or monitor) the equity market.
- I will not accumulate BURSA at this moment, but will monitor it closely.

Latest Financial – Q1 2014 Financial Report (29 Jan 2014) http://www.bursamalaysia.com/market/listed...cements/1529017

At the time of writing, I owned shares of BURSA.



This post has been edited by lcchong76: Feb 2 2014, 11:07 PM

I'm thinking of buying TENAGA, MAYBANK or IOIPG tomorrow.

still undecided.

Sifu Chong,

Will bonus issue effect DCF, EY and absolute PE calculation?

If not, will bonus issue make share price of company from overvalued to undervalued?

WELLCAL Analysis:-

http://lcchong.wordpress.com/2014/02/03/we...sis-3-feb-2014/

My View:-

- Fair values:
– 5Y DCF: 3.76 – 4.28
– EY%: 2.69 – 3.39
– Absolute PE: 3.97 – 5.02 (over optimistic_
- I think the range of fair value will be 3.3 – 4.2.
- Even if WELLCAL dropped from 4.0 to 3.3, WELLCAL is now fully valued.
- I may buy WELLCAL if it drops below 3.0.

Latest Financial – FY2013 Financial Report (30 Jan 2014) http://www.bursamalaysia.com/market/listed...cements/1530173

At the time of writing, I did not own shares of WELLCAL.