bumpy ride

the market is really going through a bumpy ride and obviously my PCHEM and AirAsia purchase recently is now on paper loss.

the ups and the down: don't care, just long it

despite yesterday's market drop in US, Bursa doesn't fall today. As of now, US market is on the rise again, on strong retailer earnings. so i would think tomorrow is a good day for Bursa? It is difficult to predict the market correctly and working engineer like me doesn't have the spare time to monitor it either. However, i am taking the long position into the market and is patiently waiting to reap my fruit.

airlines

Yesterday i made a quick decision to invest a bit into AirAsia at RM3.56 and PChem at RM6.48. Subsequently AirAsia soars and PChem flies. Both are paper profit for now. I am still thinking whether should buy into POS. EPF has been consistently buying into it.
Mean time, Cathay Pacific H1 profit plunges 59%, now i am holding my breath

Let's cash in some money in current market crash

current market crash can be a disaster or it can be a great chance to buy in low hanging stocks. Hong Kong drops slightly more than Malaysia for the past few days and i thinking it is attractive to buy some HK stocks, especially some stocks that pays high dividend. Of this list, i think Cathay is somewhat attractive. It has low PE and high dividend. With oil price falling, it means the airline will potentially have lower cost going forward, and then boosting its profit.

do take note that US DJ is up 214 points as of current writing, so there is really some chance to see stocks staging a come back

Stock name	P/E	EPS	Div Yield
ESPRIT HOLDINGS	9.1	2.9	6.50
CATHAY PACIFIC AIR	5.1	3.6	6.19
CHINA MOBILE	9.9	7.1	4.36
HANG SENG BANK	15.8	7.8	4.27
BOC HONG KONG	15.1	1.5	4.26
BANK OF CHINA	7.8	0.5	3.92
HSBC HOLDINGS	12.5	6.2	3.78
HK ELECTRIC	16.9	3.4	3.78
CLP HOLDINGS	15.7	4.3	3.73
CHINA MERCHANTS	12.6	2.4	3.65
SINO LAND	7.6	1.6	3.27
CHINA CONSTR. BANK	9.6	0.7	3.16
LI & FUNG	27.4	0.6	3.13
SWIRE PACIFIC	4.5	25.4	3.12
ICBC	9.5	0.6	3.10
PETROCHINA	11.3	0.9	3.08
HANG LUNG PROP.	15.3	2.0	2.96
BANK OF EAST ASIA	16.9	1.9	2.90
CHINA PETR. & CHEM.	7.5	1.0	2.90
BANK OF COMM.	8.0	0.9	2.74
HONG KONG EXCHANGES	34.6	4.8	2.62
CHEUNG KONG	10.0	11.4	2.61
CNOOC	12.6	1.5	2.53
SUN HUNG KAI PROP.	8.4	13.5	2.50
COSCO PACIFIC	13.9	1.0	2.46
CITIC PACIFIC	7.9	2.4	2.41
CHINA RESOURCES POWER	13.8	1.0	2.31
HUTCHISON WHAMPOA	18.2	4.7	2.29
MTR CORP	13.1	2.1	2.17
CHINA SHENHUA ENERGY	15.1	2.4	2.16

next stock to watch: Pos

After cashing out with some profit from Armada, now scouting for next stock

lately EPF buys into Pos Holdings everyday
26th, 27th 28th 29th 1st august for 5 days already. Not sure what is happening but Pos Holdings is not a very bad company and i think it is worth to buy in a bit, wait and see.

Historical 52 week high for Pos is RM3.74, so if there is indeed some good news to be announced i think it should be able to gain 10% from current price of RM3.19 ?