Your best (and worst) bargain purchases today, Were u able to catch the falling knife?
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 Mar 10 2008, 10:08 AM, updated 18y ago
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#1
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Junior Member
230 posts Joined: Jan 2008  
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So many stocks oversold and still dropping, interesting to see what happens when the dust settles. I've started this thread for those happy punters who managed to pick up some bargains today. Just disclose purchase price and closing price.
Please refrain from criticising fellow investors who lost money today ok. This post has been edited by okyjace: Mar 10 2008, 01:22 PM |
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Mar 10 2008, 01:29 PM
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#2
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Junior Member
230 posts Joined: Jan 2008
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Had to modify the thread title seeing as stocks are continuing to fall and some people (won't mention names) decided to jump into Public Bank at 10.00 - one of the many stocks still falling.
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Mar 10 2008, 06:00 PM
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#3
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Junior Member
230 posts Joined: Jan 2008
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ALAM purchased 1.68, closed at 1.69 ---> my favourite mid-cap O&G company
Notable recoveries that I'm tracking: IJM's from 5.25 (low point) to close at 5.85 GENTING from 6.00 (low point) to close at 6.20 |
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Mar 10 2008, 09:07 PM
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#4
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Junior Member
230 posts Joined: Jan 2008
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QUOTE(SKY 1809 @ Mar 10 2008, 07:15 PM) Alam is oil and gas stock, right ? It is rated as good buy. No idea whether it is a GLC or political stock. I'm not an analyst by profession or trying to recommend any stocks, but I like its business model, have read its financial report and AMresearch recently gave a target price of over rm3.Is it GLC or political stock ?  |
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Mar 12 2008, 12:17 AM
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#5
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Junior Member
230 posts Joined: Jan 2008
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QUOTE(SKY 1809 @ Mar 11 2008, 09:00 PM) Suncity is now trading at PE of 5X. Quite a good buy. Suncity closed at 2.71 today. Can you please explain how you arrived at a PE of 5X? I took a quick peek at the latest Q4 2007 earnings release. The profit of 310m is deceiving because this entirely due to the one off revaluation gain of 316m. Said differently, without this revaluation which they disclose as "there is no significant and indicativechange in value of the said investment properties since the last balance sheet", Suncity actually made a loss last quarter. As far as I can tell, its EPS has been decreasing the past two years. So I'd be grateful to know why you think it is a good buy. |
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Mar 12 2008, 12:36 AM
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#6
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Junior Member
230 posts Joined: Jan 2008
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QUOTE(SKY 1809 @ Mar 12 2008, 01:23 AM) I have not done the calculations but read the news :- That analyst should be fired IMHODJ MARKET TALK: Malaysia Market De-Rating Offers Bargains - UBS - 2008-03-11 04:09:00.0 0409 GMT [Dow Jones] UBS says Malaysian market de-rating offers bargains. Says post-correction, three lowest-P/E stocks under coverage are Kinsteel (5060.KU) at 5.8X, Sunway Holdings (4308.KU) at 6X, and Sunway City (6289.KU) at 6.5X. "We think the sell-down on Kinsteel and Sunway Holdings have more than priced in earnings risk from potential delays in infrastructure spending." Notes highest dividend yield stocks under coverage now Gamuda (5398.KU) at 7.8%, Bursa (1818.KU) at 7.1%, Public Bank (1295.KU) at 7%. "Clarity on politics could trigger a rebound for the KLCI. While it is difficult to second-guess the political news flow, we think both BN and the opposition parties will unlikely want to see a sharp slowdown in economic activity in the near-term. Thus, we believe the political posturing on both sides could be short-lived." Says UMNO elections next key event to watch. KLCI up 2%. (LES) |
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