Some Quick Comments On Certain Stocks
DNP - OK, gone way past what I would be comfy with. NTA around RM2.00, even a generous RNAV would make current price of RM3.00 tough to stomach. New project launches may excite but land bank insufficient for now to be a complete long term property player. Privatisation, maybe, as I think they have accumulated way past 75% already. Danger of price collapsing quite low then. Upside also quite limited, even with a privatisation bid. Better stocks elsewhere.
YTL - Exercise not over. Delicate and sometimes obtruse collection strategy. As with owner's philosophy, hard to make money from his stocks, gotta buy and hold. Can hold, OK.
Transmile - RK and Pos seem to have reached a range for collection RM5.50-RM6.80. So, not much excitement now as the restructuring and rebuilding will take years. Hence, the stock is unlikely to go higher than the stated range for the medium term. Look elsewhere.
Bandaraya - Did highlight the stock, but past the RM2.50 level already. Just like DNP, upside limited. Look elsewhere.
Overall, local investors have still shied away from the current markets. The bull is not so convincing. Despite all markets holding well while China markets tumble, it does not add much momentum, that's a worry. Chances are better for a downtrend for immediate future.