Magnum (3859)

My first post after so long, didn't know I would write about Malaysian stocks.

I acquired Magnum (3859) around April - July 2016.
It was making good returns and good dividend back then.

Magnum Berhad appear on the newspaper headline this morning (23-May-2017).
While I don't really monitor my portfolio on a daily basis, I login to my eBroking platform, just to check how much damage it caused.  -17% loss.

Found the Announcement from this link: https://klse.i3investor.com/servlets/ptres/40330.jsp
Net profile fell by 56% YoY.
TP reduced from 2.35 to 1.70 (wow Public Bank! Your research could be one of the driving factor)
Read PublicInvest Research here: https://klse.i3investor.com/servlets/staticfile/304001.jsp

From the news it seems that Magnum Berhad - as a company - have few challenges, e.g. tax penalty, competition, lower ticket sales, higher payout - which caused them to under-perform, miss earning target and causing disappointment to the retail traders.  The announcement of "no dividend" hammered the market and the diving of share prices.

I do not hold much Magnum shares:
4,400 shares x RM2.25 average purchase price =  RM9,893.84 gross investment;
4,400 shares x RM1.86 current market price = unrealized loss RM1709.84 (-17.28%).

In the event it fall to RM1.70 as PublicInvest:
4,400 shares x RM1.70 forecast = potential loss RM2,413 (-24%).

That could be the worst investment in a year.

UEM Land + Sunrise

KUALA LUMPUR (Dow Jones)--Malaysian property firms UEM Land Holdings Bhd. (5148.KU) and Sunrise Bhd. (6165.KU) plan to merge their operations via an exchange of shares, a move that will allow both firms to capitalize on the expected growth in the real estate sector.

A person familiar with the deal told Dow Jones Newswires that UEM Land, owned by state-controlled UEM Group, and Sunrise-- a developer of high-end real estate in Kuala Lumpur--plan to sign a share exchange agreement that will be announced tomorrow.

He declined to provide further details of the transaction.

Property analysts say a collaboration between the two companies is "positive and synergistic" but would rather wait for further details of the deal before making further comments.

"Sunrise has expertise in developing premium properties but most of their land bank is concentrated in Kuala Lumpur... a link-up with UEM Land, which has substantial land acreage in Iskandar (in southern Johor state), makes it very synergistic indeed," said an analyst with a foreign brokerage who declined to be named.

"It will also depend on how much of a role the current management of Sunrise will play in the new venture... Sunrise is highly successful in selling its high-end properties primarily due to its capable management team," he said.

Maybank analyst Wong Wei Sum said that as the deal structure hasn''t been revealed, it would be hard to assess the financial impact for either company. "It all depends on the valuation, but we have a fair value of MYR2.80 for Sunrise at the moment and we are positive on Sunrise''s fundamentals," Wong said.

Sunrise, controlled by investment analyst turned property developer Tong Kooi Ong, has market capitalization of MYR1.2 billion and a land bank of 587 acres in Malaysia, according to its website. The firm has recently expanded overseas with its maiden project in Canada.

UEM Land has market capitalization of MYR8.2 billion and is one of the largest property developers in Malaysia. It is currently developing some 15,000 acres in Iskandar and has over 5,000 acres available for future development. The company is also involved in a development in Cyberjaya, south of Kuala Lumpur.

UEM Land posted net profit of MYR114.6 million on revenue of MYR403 million in 2009, while Sunrise reported a net profit of MYR134.0 million on revenue of MYR590.7 million for its fiscal year ended June 30.

Trading in the shares of the two companies was suspended Wednesday pending an announcement. UEM Land shares ended Tuesday at MYR2.26, while Sunrise closed at MYR2.52.

-By Elffie Chew and K.P. Lee; Dow Jones Newswires; (603) 2026 1233; elffie.chew@dowjones.com, kwan-por.lee@dowjones.com

KLSE

Many KLSE stocks gap down. Found one of my favorite stock jumped to be the Top 10 Active Stock today.

HAIO
Bought HAIO at RM2.98, Stop Loss 2.85, Exit 3.40
Some figures:
Net Profit: 70.916M
EPS: 32.52 Cents
P/E: 8.5
Div: 28.5 cents (0.10%)

P/S: HAIO is currently trading at 50% of its 2 Years' High 4.89 - Low 1.10.
Now HAIO is the highest Div Yield stock in my bucket, then is AXREIT.

KL Stocks

KL Value Stocks portfolio:

BSTEAD.KL and PETDAG.KL
share prices of BHIC and Boustead Holdings (BH) surged on high volume this morning amidst a generally weak market.  My holding on BSTEAD.KL (last done RM4.28) has made an unrealised profit of 9.5%.

I have just received an email from my broker, on the RNAV of BHIC, and BH, I am not sure how to read, just read the last line.. ^___^ attach herewith the back-of-envelop calculation of Boustead Holdings’ RNAV from HLeBroking:

At the other hand, PETDAG.KL has also recorded high of RM10.40 just now, in which creating an unrealised profit of 11.1%.

Thanks to the Malaysian stock market and futures market.

KLCI and DJIA

KLCI

Formation of Inner wave (down) in 30 minutes chart, queue to sell at 1367.50, stop loss at 1371. TG 1357.

DJIA

Dow yesterday closed at 10,674.38 Futures down by -41 points, 10,586 now.

Good time to short yes, or yes?

Special Report on KLCI

Very bullish on KLCI, I am very excited that this round KLCI has failed the expectation and the up-move is limited to only 1370 region.

For those who are sharp, observe when KLCI rebound from the low 801 in Oct-2008, it would leap 200 points every 4 -5months, is the same gonna continue?
If that's gonna continue, by end of July, KLCI shall close at 1,500... The truth has been revealed with July closing KLCI 1360.

Combine with the expectation of the Dow fall, Higher possibility that KLCI correct, before he resume rally.

I would place my Short around 1360-1370.
1st Target 1345.
2nd Target 1335.
3rd Target 1305.

Hopefully today KLCI candle closed with a strong reversal signal.