THE INVESTMENT APPROACH OF CALVIN TAN
Public Watchlist: RHB Investment’s Top Picks for 2021, Fair comments by Calvin Tan
calvintaneng
Publish date: Mon, 03 Jan 2022, 01:30 PM
calvintaneng
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Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Public Watchlist: RHB Investment’s Top Picks for 2021 |
|
Despite heightened macroeconomic risks, we believe the market will continue to price in a post-pandemic scenario. We remain constructive on the market outlook for 2021, on the back of supportive monetary conditions, fiscal initiatives and vaccine mass availability after mid-2021 that will hasten the return to normality. Ample liquidity implies shallow market corrections as investors look to reposition at lower levels. Conversely, the propensity for investors to take profit on sharp rallies will remain elevated.
The market’s pivot to value sectors will continue, especially with growth stocks trading at significant premiums. Given the potential for volatility as the markets adjust to shifting expectations, a balanced portfolio remains appropriate, comprising a trading bucket, coupled with an increasing focus on cyclical sectors to be adequately positioned for a gradual structural recovery, back-stopped by core holdings in defensive and resilient yield stocks. We are OVERWEIGHT on banks, NBFIs, auto, construction, rubber products, basic materials and gaming. We introduce our end-2021 FBM KLCI target of 1,750 pts, premised on a target 16.5x (liquidity premium to 15.9x mean) on 2022F earnings. |
|
Stock Name
|
Ref Date
|
Ref Price
|
Price Diff
|
Last
|
Range
|
Open
|
Change
|
Volume
|
Note
|
|---|---|---|---|---|---|---|---|---|---|
| CMSB | 11-Dec-2020 | 1.97 | -0.69 | 1.28 | 1.26 - 1.30 | 1.29 | -0.01 | 3,322,900 | |
| DRBHCOM | 11-Dec-2020 | 2.17 | -0.74 | 1.43 | 1.42 - 1.46 | 1.46 | -0.02 | 4,172,500 | |
| GENTING | 11-Dec-2020 | 4.48 | +0.19 | 4.67 | 4.67 - 4.72 | 4.70 | -0.03 | 2,934,200 | |
| HLBANK | 11-Dec-2020 | 19.14 | -0.52 | 18.62 | 18.40 - 18.76 | 18.44 | +0.18 | 649,200 | |
| KERJAYA | 11-Dec-2020 | 1.05 | +0.16 | 1.21 | 1.16 - 1.21 | 1.18 | +0.02 | 141,500 | |
| KLK | 11-Dec-2020 | 23.30 | -1.52 | 21.78 | 21.60 - 21.86 | 21.60 | -0.02 | 217,400 | |
| KPOWER | 11-Dec-2020 | 5.36 | -4.94 | 0.42 | 0.405 - 0.42 | 0.415 | 0.00 | 2,467,700 | |
| MAGNUM | 11-Dec-2020 | 2.23 | -0.33 | 1.90 | 1.90 - 1.93 | 1.93 | -0.03 | 267,800 | |
| MAYBANK | 11-Dec-2020 | 8.40 | -0.10 | 8.30 | 8.21 - 8.30 | 8.29 | 0.00 | 7,968,500 | |
| PMETAL | 11-Dec-2020 | 8.03 | -2.25 | 5.78 | 5.57 - 5.79 | 5.79 | 0.00 | 9,515,500 | |
| PWROOT | 11-Dec-2020 | 2.06 | -0.73 | 1.33 | 1.33 - 1.35 | 1.34 | -0.01 | 197,300 | |
| SOP | 11-Dec-2020 | 4.07 | -0.58 | 3.49 | 3.49 - 3.52 | 3.50 | 0.00 | 54,300 | |
| SUNCON | 11-Dec-2020 | 1.89 | -0.33 | 1.56 | 1.55 - 1.57 | 1.57 | 0.00 | 36,200 |
|
Stock Name
|
Ref Date
|
Ref Price
|
Price Diff
|
Last
|
Range
|
Open
|
Change
|
Volume
|
Note
|
|---|---|---|---|---|---|---|---|---|---|
| CMSB | 11-Dec-2020 | 1.97 | -0.69 | 1.28 | 1.26 - 1.30 | 1.29 | -0.01 | 3,322,900 | |
| DRBHCOM | 11-Dec-2020 | 2.17 | -0.74 | 1.43 | 1.42 - 1.46 | 1.46 | -0.02 | 4,172,500 | |
| GENTING | 11-Dec-2020 | 4.48 | +0.19 | 4.67 | 4.67 - 4.72 | 4.70 | -0.03 | 2,934,200 | |
| HLBANK | 11-Dec-2020 | 19.14 | -0.52 | 18.62 | 18.40 - 18.76 | 18.44 | +0.18 | 649,200 | |
| KERJAYA | 11-Dec-2020 | 1.05 | +0.16 | 1.21 | 1.16 - 1.21 | 1.18 | +0.02 | 141,500 | |
| KLK | 11-Dec-2020 | 23.30 | -1.52 | 21.78 | 21.60 - 21.86 | 21.60 | -0.02 | 217,400 | |
| KPOWER | 11-Dec-2020 | 5.36 | -4.94 | 0.42 | 0.405 - 0.42 | 0.415 | 0.00 | 2,467,700 | |
| MAGNUM | 11-Dec-2020 | 2.23 | -0.33 | 1.90 | 1.90 - 1.93 | 1.93 | -0.03 | 267,800 | |
| MAYBANK | 11-Dec-2020 | 8.40 | -0.10 | 8.30 | 8.21 - 8.30 | 8.29 | 0.00 | 7,968,500 | |
| PMETAL | 11-Dec-2020 | 8.03 | -2.25 | 5.78 | 5.57 - 5.79 | 5.79 | 0.00 | 9,515,500 | |
| PWROOT | 11-Dec-2020 | 2.06 | -0.73 | 1.33 | 1.33 - 1.35 | 1.34 | -0.01 | 197,300 | |
| SOP | 11-Dec-2020 | 4.07 | -0.58 | 3.49 | 3.49 - 3.52 | 3.50 | 0.00 | 54,300 | |
| SUNCON | 11-Dec-2020 | 1.89 | -0.33 | 1.56 | 1.55 - 1.57 | 1.57 | 0.00 | 36,200 |
Out of 13 buy calls only 2 green and 11 red
Is Rhb Research accurate to underweight Palm oil?
Will Rhb research give a wrong call to downgrade palm oil?
Wait & see by end 2022
Meanwhile all who followed 2021 stock picks of 2021 generally lost money
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
