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 STOCK MARKET DISCUSSION V150

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Yggdrasil
post Jul 12 2019, 03:11 AM

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QUOTE(Raymond_ACCA @ Jul 8 2019, 04:33 PM)
Anyone tried using Bursa Anywhere app?
Im not sure why one of my CDS account is not listed in the app. Anyone knows how to add it in?
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Bursa should auto add all the CDS account in your name into the app based on your IC.


Yggdrasil
post Jul 12 2019, 08:37 PM

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QUOTE(~Curious~ @ Jul 12 2019, 10:46 AM)
did u open tht account after you registered for BA app?dun think there's a way to manually add in an account,maybe u can shoot d developers an email or sth
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Should not be a problem.
When I registered, I only had 1 account with AmBank.
Few days later, I opened another account with Maybank and it is now in Bursa Anywhere app already.
Yggdrasil
post Jul 15 2019, 12:59 AM

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QUOTE(Raymond_ACCA @ Jul 15 2019, 12:29 AM)
This account was opened long time ago and I actively used it for trading. But then it’s under maybank nominees, so maybe that’s why it’s not reflected? 😅
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There you go. It only links direct CDS. Shares in nominee account are under the bank's name not yours but you have legal claim on those shares.
Yggdrasil
post Jul 25 2019, 07:10 PM

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QUOTE(IMBeta305 @ Jul 25 2019, 02:01 PM)
The "adjustment" is due to people selling? Or some other way?
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The adjustment is correct from the accounting POV.

Let's say a company's share price closes at RM5 just a day before the ex-dividend date. It's net assets is RM4 pers share. Goodwill is then RM1 per share (RM5-4).

If this company suddenly declare a RM0.50 dividend, it has to pay out CASH RM0.50 per share.
Therefore, on ex-dividend date, it is deemed that the company paid out immediately to the shareholders.
Hence, the new opening price adjusts to RM5.00-RM0.50 = RM4.50
Yggdrasil
post Jul 25 2019, 07:15 PM

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QUOTE(bmwcaddy @ Jul 25 2019, 04:16 PM)
Interesting. Why would airasia do that though? I seldom see other companies doing this
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Obvious reason is that AirAsia has money but no new projects that require that much money to fund.

Or it could mean that potential projects now generate a return lower than the cost of equity. So, better return back to shareholders than to invest in such projects.
Yggdrasil
post Sep 20 2019, 08:45 PM

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QUOTE(infested_ysy @ Sep 17 2019, 04:33 PM)
How do you guys DCA for stocks? I’m on Rakuten trade, and I’m tempted to just DCA like RM1000 on stocks every week, but the transaction and broker fees is like rm12 each time I buy that little.

What’s the optimum amount I should buy each transaction to minimise the fees lost?
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QUOTE(Cubalagi @ Sep 20 2019, 11:37 AM)
I don't DCA for stocks. That's like investing blindly.

I set RMxxx capital to start and then invest. Later add on capital when have more money or receive dividends.

Optimum for Rakuten is RM 9,999. Coz brokerage is RM8 at that value.
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Well, it is better to DCA if it helps remove the 'buyer's remorse'
Meaning let's say you want to buy Maybank.

Example:

Maybank is RM10 per share today.

Situation I: You want to buy 1,000 of Maybank in a single transaction to save RM80 fees.

Situation II: You choose to DCA across 2 days. Today and tomorrow. It cost you additional RM80 in trading cost.

Tomorrow turns out Maybank price is RM9.50 per share.

Total cost incurred (Situation I): 1,000 x RM10 = RM10,000
Total cost incurred (Situation II): 500 x RM10 + 500 x RM9.50 + RM80 = RM9,830

Difference is RM170.

Do note that it can work the other way. Meaning you lose potential gains by DCA. So, DCA only if it helps you sleep at night to remove the 'buyer's remorse' feeling.

This post has been edited by Yggdrasil: Sep 20 2019, 08:45 PM
Yggdrasil
post Sep 20 2019, 11:54 PM

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QUOTE(Cubalagi @ Sep 20 2019, 09:27 PM)
Splitting your trade into 2 is not DCA to me.

DCA is buying regularly fixed amount at regular intervals over a long period of time. Eg buying RM1k worth of Maybank share monthly.
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You don't get my point. I'm just showing an example.

Sometimes one lump sum can be dangerous especially when you mistime your point of entry.

For example, my recent regret not to DCA was few months ago. I had RM15,000 and wanted to invest in Takaful. I bought immediately after their excellent quarterly results at RM6.75. I entered whole lump sum of RM15,000.

Few days later, Takaful dropped to RM6.00. Turns out EPF was working with a competitor "FWD Takaful".

The loss is greater than the transaction fees saved. In conclusion, strike a balance between DCA and your savings in transaction fee. To be honest, people who whine about transaction fees should stick to f.ds. Trying to save a few RM10 is on transaction fees is stupid when you can easily lose a few RM100s.

Additional information that maybe interesting:

There's a research done by Vanguard that shows one lump sum investment into an index is better than DCA across 12+ months.

However, do note that their research is based on an index. A stock is more volatile and you might want to DCA your way in.
Yggdrasil
post Dec 10 2019, 07:03 PM

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QUOTE(DinKnight @ Dec 10 2019, 06:45 PM)
Guys, DLADY closed at 49.940 today, 4 cents away from 52-week low. Think it's an OK buy?
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It's not attractive to me as you may eventually catch a falling knife like BAT.

Reasons:
1) P/B ratio is crazy at 21.3 times. This is not even a tech company.

2) Low liquidity. Minimum units is 100. At a price of RM49.94, this is a high cost of entry.

3) My family doesn't drink milk/dairy products often. Even if we do buy milk, it's Farm Fresh, not Dutch Lady.

4) EPS and dividends fell/downward trend.

5) Cash to Market Capitalisation is a joke. It's only 1%. Imagine running a RM3 billion ringgit company but only have RM30 million as cash. It's also using overdraft for some strange reason.
Yggdrasil
post Dec 10 2019, 07:07 PM

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QUOTE(~Curious~ @ Dec 4 2019, 08:04 PM)
where do u check d beta-ness of a stock?
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You can also calculate it yourself for accuracy reasons.

Some websites do provide beta in the form of:
1) 3 month
2) 6 month
3) 12 months
Yggdrasil
post Feb 23 2020, 09:18 PM

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So buy the dip? Scared catch falling knife..
MYR confirm depreciate like shit
Yggdrasil
post Feb 24 2020, 02:13 PM

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QUOTE(ChAOoz @ Feb 24 2020, 10:07 AM)
Me too i just overweight bursa, due to low valuation as compare to other index. But then this happen, how low can Bursa go i wonder. Buy the dip or cut loss
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Buy the dip.

Source: I know someone who made 100% return when market crashed badly in 1998 because Anwar was sacked for sodomy. Just hold don't sell.
Yggdrasil
post Feb 24 2020, 02:14 PM

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QUOTE(greyshadow @ Feb 24 2020, 02:13 PM)
so Tun has resigned

so will this news recover the dip?

all got spooked for nothing?
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I think will drop further until leadership is certain.
Yggdrasil
post Feb 24 2020, 02:19 PM

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QUOTE(ChAOoz @ Feb 24 2020, 02:16 PM)
i stash all my money away already. To ensure i don't do stupid stuff.

See next month  sweat.gif
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Yup I believe March or April is a good time to reenter not now because US also dropping and will impact Malaysia.
Yggdrasil
post Feb 25 2020, 12:56 AM

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QUOTE(moosset @ Feb 25 2020, 12:27 AM)
what do you guys think about Consumer Staples ETF (VDC) and US short term treasury ETF (VGSH)?
does the value of VGSH go up if US goes into recession? 
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For me, I will just stick to my favourite QQQ ETF and keep buying if it falls.
Moving in and out incurs fees and the chances of messing up is high.

If I remember, treasuries, bonds and gold is sometimes unpredictable during recessions. Why? Let's take gold for example. Gold in recession tends to go up. However! There are also people who bought gold long before the recession and will sell gold when it's high to buy the cheap stocks. Hence, no fixed rule saying gold will always go up.
Yggdrasil
post Feb 26 2020, 04:48 PM

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QUOTE(moosset @ Feb 26 2020, 04:07 PM)
since we are expecting a recession as the nCOV gets worse, which currency is likely to appreciate based on past experience?
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Safest is gold. Some recommend Bitcoin biggrin.gif
If fiat money then I guess it is USD or Yen.
But right now, the virus is involved. Meaning if Japan fails to contain the virus, high chance it will depreciate.
So maybe you can bet on the country that can properly contain the virus or no people infected.

QUOTE(moosset @ Feb 26 2020, 04:07 PM)
ah, yes. I mean, you get your original capital at the end of the maturity if the company/country doesn't go burst.  sweat.gif
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Bond ETF is just like a bond but like an 'average bond'.

Not really a good example but here goes:

Let's say there is a bond ETF comprising of 80% AAA, 15% BB, 5% B grade with par value RM1000 and 4% annual coupon.
Now if all 5% of B grade bonds default and the companies go bankrupt without paying anything, you are still left with 80% AAA and 15% BB.
So your par value in theory becomes RM950. Coupon payment may drop because B grade bonds cannot pay.

This means there is no 100% guarantee you will get back your par value when it matures BUT high chance of getting something back.
If invest in 1 bond alone, you may lose everything.
Yggdrasil
post Feb 27 2020, 05:52 PM

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QUOTE(ChAOoz @ Feb 27 2020, 02:58 PM)
You google the board chairman, you will know his style at play. Corporate raider.
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QUOTE(no2corruption @ Feb 27 2020, 05:12 PM)
is corporate raiding considered legal in Malaysia? or in the stock trade business? SC and MACC should look into this huhu
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Hmm. But I thought corporate raider refers to outsiders trying to gain control of the company by buying up the shares?
Usually companies will have takeover defenses like golden parachute (e.g. management exercise options when price goes up due to corporate raider buying up shares) or poison pill tactics (e.g. loan becomes callable immediately if there is change in management).

This one is like problem with Independent Directors and Remuneration Committee.

Moral of the story: Don't buy family owned businesses or those with controlling interest >51%.
As long as they have >51% they can do anything they want with the company.
Yggdrasil
post Feb 27 2020, 06:01 PM

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QUOTE(ChAOoz @ Feb 27 2020, 05:57 PM)
I don't know what term to call this. So i say corporate raiding but in a bad way. Basically underhanded tactic to privatized the company.

Any term for this ?
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I really don't know but I guess can say it's fraud. biggrin.gif
The Remuneration Committee should only give ESOS and benefits according to the performance of the Directors.

Yggdrasil
post Mar 2 2020, 05:48 PM

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QUOTE(moosset @ Mar 2 2020, 05:14 PM)
Europe based US-ETF starting with green +2%...
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Haiyo so fast. My money not yet deposited. Hope it drops more so can collect.
Yggdrasil
post Mar 5 2020, 12:58 AM

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QUOTE(GenY @ Mar 4 2020, 07:07 PM)
LOL, for the past 2 shitty years, KLSE has been hitting new lows. Just sked not enough funds to take advantage.
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What's more worrying is will it even recover? If I recall correctly KLSE is one of the worst performing markets.
Yggdrasil
post Mar 7 2020, 01:12 AM

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QUOTE(spoon2272 @ Mar 6 2020, 11:10 PM)
Can suggest some good dividend counters?
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Public bank, Nestle

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