Likely more to drop, with current sentiment.

Adopt DCA and interval purchase should be the strategy.
Purchase in one shot or two is highly not recommended in current market, as we never know the bottom until it is too late.

If missing out the bottom due to DCA and interval purchase strategy, also never mind, as less profit is always better than loss.

wah... day trader.

how many units did you buy to make a significant amount of profit?

No no, im small fish la.. jus enough for weekly expenses i guess

But was lucky on AA, didnt expect can sell .525 last minute. almost cancel order

Tonight gonna key 1.4 igbreit. I follow u ok?

nobody buying topglove? just reported profit

Classic. I like this statement. 😀

Wow, the forumers here already going in for IGBReit. Don’t want to wait already?

Memang expected got profit, jus that market not rational keep throwing..

indicators seem to suggest it'll go upwards... and it makes sense in this current covid situation
just not sure when is the right time to enter haha

I am waiting for the right time to enter to top up some reit and IGB is one of them.

So today I bought Mah Sing at 0.33.

Tbh I wasn't planning to buy so soon, but can't resist the cheap offer.

At 33 sen share price, Mah Sing market cap is RM800 million. This is less than its bank balance of RM1 billion. Meaning I'm buying the cash and getting all its landbank n development projects for free. So there is a big margin of safety.

Also it has proposed to pay out 3.35 sen dividend this September for a yield of 10%.

This post has been edited by Cubalagi: Mar 19 2020, 06:31 PM

proposed means, subject to shareholder approval?

I'm also tempted to buy but given how Malaysians act to the lockdown, I fear the worst is yet to come .... (this is only virus, not yet politics, economics etc). Even IGBReit, Maybank, PBB also, I'm quite hesitant.

What do you think about the current property market (specifically those of MahSing)? Low interest rates should lead to more buyers, I guess?

Yup, stiil need tabled at agm which of course will be approved. Note that this dividend is already cut from last year's one, which was 4.5 sen.

Yes, you are right, that the worse may yet to come for the country. A lot of ppl macam not aware. Got some want to take asb loans still. But you also have to plan in case the world and this country gets over this covid-19 issue without too much lasting damage ..which I hope it will.

However, at the same time, I'm also prepping for worse, just in case. I always maintain a high level of USD deposits and have added more gold and Singapore govt securities (which has higher rating than US govt securities, coz Singapore is financially more prudent than US).

On Malaysia property market, not so soon. I was hoping that end of last year was the bottom, but now with the virus.. No way. But I'm hoping the CB liquidity injections n cuts will result in another property boom cycle like last time in a few years. So buy now and wait for 5 years.

This post has been edited by Cubalagi: Mar 19 2020, 08:12 PM

Not sure if this is useful, but just created a Telegram group for Lyn Stock Market discussions. Might be more useful in these times of market upheaval.
I'm in another Lyn Telegram group for credit cards, and it's easier to discuss stuff as it's more informal and more like chatting.

Benefit of Telegram over Whatsapp is that for large public chat groups, you don't have to share your phone number.
Anyway, if you anyone wants to join, click the link below:
https://t.me/joinchat/M1jTbRMfPMmCiPPDcfGt6Q

Dow holding it seems

Cash balance is a item in balance sheet. How much outstanding debts and how much interest need to pay in the next few months?

This post has been edited by icemanfx: Mar 20 2020, 04:29 AM

The yoyo day continues. Kospi and Asx are green for now

This phenomena is everywhere now, not limited to mentioned stock.

But needs to take consider of payable and liabilities and those cash is needed to pay those. So need to count the net cash position, instead of pure bank balance.
Also, perpetual securities may also needs to be taken into consideration.

My funds now. Not doing well. Shall I pull out from all these funds and just use these moneys to buy local stocks myself
Appreciate genuine advice

This post has been edited by kkk8787: Mar 20 2020, 10:45 AM

My view is too late to be pulling out now. Just sit tight.

If u want to invest in local market, use fresh funds.

Should have just sticked to 1 fund. I heard Kenanga Growth Fund is the best performer.
I wouldn't invest in unit trust unless I don't have a choice.
If I were you, I will pull out from the other funds and put into Kenanga Growth.

Ok thanks