It is almost 11 pm, I m tired but just had a nice dinner at Brickfields. Yes, I am happy to have dinner with a friend, and perhaps a potential good friend.

Someone e-mail me and asked me about MahSing. Since he is just a student and already losing lots of money in markets, I hope I could share here my opinions about property-stocks, particularly his MahSing.



MahSing : I do not know about the dividend as I am not a dividend-player. So, I do not know what contributed to the huge dive. Perhaps it is the ex-price. Do check with your remisier or dealer, ok? Now, going into property sector as a whole, I shall show you the property-index chart(see below) and SPSetia's chart(see below). Yes, it is downtrending. If you said you are going to hold for long term(I define long term as more than 3 years) for its dividend, ok .. fine. I am not sure if MahSing gives the best dividends in KLSE as she is not in my dividend-stock list. So, I will NOT hold on to MahSing for dividends.


Property-index : At critical level and once broken, we shall see anothe rloss of 60points. MahSing will be around 1.80 level, then.

So, your first pointer that you will be holding to MahSing for dividend play doesnt make much a sense.

Second point I could share with you is property-stocks are cyclical, meaning the up-n-down is huge. Last year many crazy buying into properties for investments ... and earnings was very good. Stocks are ahead of such, and factored in. With markets are uncertain with downside biasness, we could see it moving lower. Yes, as you are not a trader, you may want to wait for things to collapse ... prepare some bullets to average down MahSing. It could be another year or so, but since you are looong term investor .. you could afford to wait. My opinion? I am a trader, I will keep cash and see if I get stucked for a while with some stocks I bought at this point, I will cut if off, even at a loss or breakeven.


SPSetia : This is the leader ... broken her strong support today and we shall see RM2.90 now. SPSetia-wb closed at 0.525.

Next ... yesterday, Monday The Star paper giving a list to top-100 market-cap counters traded in KLSE. Check out the PE values of MahSing and SPSetia. Only think of buying if their PE below 8, or even 6. That is called 'cheap'. At the moment, it is averagely expensive. So, no more buying .. till then. This is just a guideline.

There you are ... just a brief outlook. Not so promising,r ight? Whether you will cut-loss or average down when market crashes, it is up to you. I could not make that important decisions for you. NO ONE knows if markets will rally again(due to QE3 or ETP3 or GE-rally) ...but if there is a rally of such, time to trim or cut off your holding.

Good luck and night.

TEH