Thursday, March 25, 2010

Movers & Shakers - Coffee Shop Talk

Despite the market still trending up, its pretty obvious that its not a full fledged bull run. Its highly selective and investors are still treading gingerly. Below are some of my comments on the movers & shakers:

Measat - Well, its still a theory to be privatised but have you had a decent look at the quantum leap for the past 3 days alone. I doubt very much that AK would have been thinking of a 50% premium to take it private from the price 3 days ago... and that's still a big IF. Measat is not Astro, yes its turning around from losses to a RM50m profit but it looks stretched to me.

IRCB - Highly dicey. Imagine the glove makers but without the gloves.

JCY - Still thinks its fair value is RM1.80-1.90.

KNM - How to draw a "puke icon".

MAS - A positive rerating, should have a bit more upside considering the low base it rallied from.

Glove makers - Cannot make any smart commentary at present prices, its like a runaway train and you are trying to predict when it will stop.

Evergreen - Steady climb back up, still looking at RM2.00.

ENG - Put that in the same category as IRCB but without the volume.

Jerneh - Second round, the first was a couple of months back. What could be happening - remember my article on Great Eastern.

Premium Nutrients - It looked good at 34 sen, climbed to 39 like an arthritic old lady up the stairs, broke out, should be good for a quick trade.

MTD Capital - Had to make some comments since I put up the posting and the company denied the sale of the Luzon tollway, but owners and company still buying back shares, cut if you don't like the story.

p/s photos: Rina Chinen

NOTE: The above opinion is not an invitation to buy or sell. It serves as a blogging activity of my investing thoughts and ideas, this does not represent an investment advisory service as I charge no subscription or management fees (donations are welcomed though). The content on this site is provided as general information only and should not be taken as investment advice. All site content, shall not be construed as a recommendation to buy or sell any security or financial instrument. The ideas expressed are solely the opinions of the author. Any action that you take as a result of information, analysis, or commentary on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.


~The Metamorphosis~ said...

comparing JCY, NOTION, DUFU, and ENG, what's your take, Dali? :)

Salvatore_Dali said...

In terms of attractiveness:

1. Notion
2. Dufu
3. JCY

forget about ENG, its highly speculative with a weak biz platform