supermax trading profit on paper 18.36%

Based on current price of RM6.09, on paper i have a 18.36% profit for my supermax share. it is slightly over 1 month, pretty good margin. i think will exit the share today. Odds of winning (i.e to see more upside) is not as good as i buy in at RM5.06 although the analysts are still very bullish with the stock. To me, it lacks dividend.

what stock next...something i don't know?

for past two weeks i just noticed that a major shareholder of NTPM is buying its stock again. Unlike 1.5 years back, this time tabung haji is not joining the fray. Not sure if this means something is brewing again, but i think can take it as the shareholder is very positive with the company.

although my family portfolio has being having CSCSteel, now its dividend yield is 9.4% and its stock price still below book value of RM2.09. Interesting

from the edge has read that furniture companies are doing great business last year. To me since long long time ago i have thought it is a sunset industry with China and Vietnam catching up too fast and too furious. At least so far one of the Malaysian biggest export industry is still surviving.

supermax is up

just as i was complaining about my wrong position in supermax instead of in haio, the former goes to a high of 5.61 now. that is a 10.87% gain from my price of RM5.06. Hmmm...not bad.

On the other hand, if i would have bought into haio, it would have been a gain of 12.57% excluding the dividend that i can get. As of now, both are equally good it seems i do believe in shorter term supermax has the potential to gain more than Haio in term of stock price. But the more important point should be that i have diversified into both stock and both up would be great to my portfolio

trading...forget about it

my attempt to earn from short term trading over supermax fail miserably. on the contrary, if i would have bought into Haio, i would have earn 10%. another blow to tell me that i should stick fast to my buy hold strategy through high dividend high growth company. Or was it just an exeption this time? Luckily, supermax, at least in near future, won't be a bad stock to own. At least it would serve to complement my existing portfolio. There is one leasson here,diversification works- although i not manage to earn from the period under review.

today i read with amazement that under the new basel 2 capital requirement, public bank tier 1 capital will be reduced to 5.6%. The bank has guided analyst that dividend payout will be slashed to 50-55% from the current 80%. ROE will also gets affected. Is this a good news? In term of short term stock price, at least i couldn't fathom why this would be a good news. Over long term i confident the bank will be able to live through it, but it appears to me there are many other more attractive stocks out there. Well, if pbbank does dip a lot may be i think buy it instead. Let's wait to see if that happens or not