Hevea is a champion. Stick with it till RM1.80, then will start thinking about selling. Bought at RM1.29 in May, so handy profit there. It's the star of my portfolio, haha.

Tenaga is going nowhere, I'm probably going to sell my lots and put it in to the likes of Prolexus and Tambun Indah, or top up on Tan Chong (wait for results) and MMHE.

Looking to top up Armada this week. MMHE and TanChong are being monitored to top up upon further weakness.

Looking to sell AirAsia. Also looking to sell Tenaga because I think the company simply has got very low growth potential. All research houses rate it at RM16++ but its growth rate and growth potential is so low that even a 10X PE ratio seems shaky/overvalued.

Still considering to buy Prolexus and Tambun. AsiaFile might be a short term play. Also recently added Engtex to my watchlist.

Walao weh. Armada to me is a sure 20% bet by year's end.

- All four of their new projects have achieved first oil
- Successful turnaround to profitability in Q1 2017
- Q1 2017 they also managed to have a current ratio above 1
- Q1 2017 only 80% of bareboat charter for Olombendo recognized (beginning Feb 8). In subsequent quarters revenue for the full quarter + 100% of BBC (roughly RM230mil per quarter)
- Q3 2017 80% BBC for Armada Kraken will be recognized
- Q3 2017 they will receive payments from CNOOC for Armada Sterling III
- Bottoming out of the OSV sector
- Sale of non-core/written-down assets

We're looking at RM650mil revenue per quarter by Q1 2018 once everything is contributing 100% of BBC (Kraken, Olombendo, and Sterling 3). As you can already see, with just partial contribution from only Olombendo, Bumi Armada already recorded a revenue of RM400mil in Q1 2017.

Anyway, I've done my research on this stock. I bought earlier at RM0.605 and RM0.63. So now it will be my third time in (averaging up). I'm very confident in a 20-30% gain by year's end from the current levels.

EPF lose more than they win. Same with all the other GLICs. Please do not look at their transactions and base your buys/sells based on that.

Ok man, let's see in 3 weeks time. And then in 3 months time. I bought Armada when all analysts had a sell/hold rating on it, so I know better than to listen to their BS.

I don't think it is wise yet, since 3 months from listing cornerstone investor shares will be freed up. So yeah...in about exactly 2 months time A LOT of shares will get "unlocked"...and I have a feeling some of them would feel cheated and partially sell some of their positions. Even if they each just liquidate as little as 2-3% of their holdings, it would cause a huge change in the market. So if I want to come in, I wait for that to happen first. Most likely it will push the price to 3.50-3.80. Otherwise, I don't care about the stock. Greediness of the Malaysian Wall Street on full show in getting this IPO in no matter what. They're laughing to the bank.

2000 in Acceptance, since you HAVE the rights to those shares. You can apply for however many excess, only given on discretion.

What share is this?

Yesterday was a brutal day, Hevea down to 1.67 but recovered. Today again under selling pressure. I know the stock has run ahead of fundamentals (I bought at 1.29)...but the stock also has incredible near-future growth expansion. Q2 YoY will definitely be an improvement, but I sense a sell-off either way once the results are out. I've determined that if we hit 1.82 by the time Q2 results are out, I sell. Otherwise I tuck in and wait one more year for a higher TP of 2.10.

Yeah sure. ARMADA closed at RM0.69, LCTITAN at RM4.37. Let's see which one of these two comes up ahead in two months time in percentage terms obviously.

Or is it?....we shall see. Either way I hope both investments turn out to be profitable. I'm looking at 30% by year's end at least.

Wow man absolutely everything in my portfolio is red. Even my watchlist is PURE red.

Anyway sold Tenaga and bought Armada at 0.685.

Both HSBC and JPMorgan (?) gave it an overweight rating today. So it's a bump from that.

Today surprisingly portfolio was in the green. Many of my watchlist also green/neutral.

Armada/Hevea/Mhb/Tchong/Parkson/Airasia/Esceram

Nice. It's on my watchlist but I needed a bigger margin of safety. Most of their profits in previous quarters come from disposal of land/properties.

Hevea up again today. Tchong also up. Mhb recently rebounded. But my star stock Armada decline a bit today. Not to worry. Portfolio very green even though market is red.

To me my investment thesis is based on a long-term horizon. I go into a purchase decision based on one of the following idea of returns in mind:

1) 50% in 2 yrs
2) 100% in 3 yrs
3) 200% in 5 yrs (Tan Chong purchased on this assumption, i.e. I expect the stock price to triple within 5 yrs)

I don't care about downtrend charts.

Now, the stock is trading at depressed valuations. It's at 0.39X P/BV. Can it go lower? Sure. Which is why I put one leg in first. I bought at RM1.82 in May 2017.

I ask myself...do I see Tan Chong Motors in existence in 5 yrs time? I say sure. For a company like this to remain in existence in 5 yrs, it's highly illogical to be able to do so while trading at 0.4X P/BV.

No new model launches till 2018? That's one of the reasons I bought in. If they announced a new model launch, I guarantee the price will jump up 5% almost immediately. Every day we get closer to an eventual new model launch announcement.

Other factors that caused me to buy in:

- USD MYR and JPY MYR exchange rate was roughly +33% from 2014 to 2017, but YTD MYR has stabilized and slightly appreciated. MYR's worst days are over. Tan Chong's raw material costs are all denominated in USD and JPY. This hit bottomlines hard, but it won't get any worse, and there's potential upside here.

- Inventories are being drained out. This is the major hidden reason Tan Chong cannot bring in new Nissan models. Last year their inventories were almost hitting RM2bil, but since then sequentially they have been drained down, to now at RM1.3bil. By year end 2017 it should be under RM1bil and will set the stage of new model introduction.

- Indochina is growing double digits YoY for the past 4-5 years. Vietnam and Myanmar offer a really huge base for expansion. I have been tracking their monthly Vietnam sales figures, and it is up over 100% YTD.

- Favorable macro conditions. In addition to the MYR depreciation and inventory build-up due to ill timed production expansion in 2014, the country GDP growth was on a declining trend since 2014. However we have now had 2 quarters of above expectation GDP growth. At the moment consumer sentiment is still shaky, but it will eventually come back. When? Who knows, but come back it will.

Anyway this is too long a write-up now. Just thought I can share some of my thinking process. Of course not all my investment ideas are premised on these investment thesis. I buy growth stocks (Hevea), turnaround with positive near-term catalysts (Armada), short term underappreciated stocks (AirAsia), and beaten down cyclicals that I believe will eventually double/triple within 3-5 years (Tan Chong, MMHE).

Anyone still holding Hevea? I bought @ RM1.29 in May. Collected 2.5 sen div/share.

I bought it as a stock with growth potential with a considerable margin of safety. But at RM1.70 my total net returns are already 32.2% (gross returns inclusive of dividend is at 33.7%).

Plus with the escalating costs...I'm not sure if it will be a good idea to stay in the game.

At the same time though, Hevea is likely in a position to increase ASPs to defray the cost pressures.

Seems like a gamble. If the stock rises to RM1.85 levels before the next quarterly I will likely sell off, but at the moment I am more worried about it regressing into the RM1.50 levels.

Quite a headache as my portfolio is likely to get worse with MHB and TCHONG next week, but thankfully my largest exposure is to ARMADA and I look forward to it marching to RM0.80 and beyond this coming week (will be a lifesaver should the rest of my portfolio take a beating).

Well, let's see. Maybe this will end in failure, but I have a good feeling about it. I personally feel safer buying quality companies that are temporarily loss-making (see, the key here is "temporarily") than buying so-called "growth" stocks. But that's just me I guess.

Each person has their own investment style and idea and methodology. Doesn't mean the other person's style that differs from yours is wrong. But I'm always learning. Slow steps.

Under what assumption is it oversold? It still seems overvalued based on fundamentals. Not sure which stupid funds bid it up to such a high price.

Hevea had a "negative" report out today in The Edge. Hopefully RM1.60 is the worst of it. I might sell also, but only on the condition I find a better prospect to re-deploy the capital.