THE INVESTMENT APPROACH OF CALVIN TAN
Public Watchlist: Kenanga’s 1Q20 Investment Strategy, Fair comments by Calvin
calvintaneng
Publish date: Mon, 03 Jan 2022, 01:35 PM
calvintaneng
0 1,799
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.
Malaysian equities are set for a better year in 2020 with the resumption of earnings growth after a 2-year hiatus thanks firstly, to subsiding external risks; secondly, to recovering commodity prices; thirdly, to the anticipated revival of mega infrastructure projects and finally, to the positive impact of trade diversion on investments and exports.
The recently concluded 3QCY19 corporate results point to the arrest of earnings decline with a turnaround in subsequent quarters starting to show. Having fallen 5% since the start of the year, the valuation for the FBMKLCI looks appealing now trading as it is on a 12-month forward PE of 15.7x which is below both the 5-year and 7-year averages. With forward dividends looking intact, its dividend yield of 3.8% now exceeds the 10-year MGS yield of 3.4% - an occurrence last observed 6 years ago. Our end-2020 bottom-up target level for the FBKLCI is 1,712, which happens to coincide with our top-down target derived by applying at 15.9x PE on 2021 EPS.
Overweight cyclicals (technology and plantation) and stay with the banks. Our top picks for 1QCY20 are AIRPORT (OP; TP: RM9.90), BAUTO (OP, TP: RM2.65), CIMB (OP; TP: RM6.45), GAMUDA (MP, TP: RM3.90), GENP (OP, TP: RM12.10), KLK (OP; TP: RM32.90), MAYBANK (OP; TP: RM9.70), MPI (OP; TP: RM14.00), PADINI (OP, TP: RM4.00) and PESTECH (OP; TP: RM1.75).
https://klse.i3investor.com/blogs/kenangaresearch/2020-01-02-story-h1482003970-1Q20_Investment_Strategy_Ratcheting_Up_Returns_in_2020.jsp
|
Stock Name
|
Ref Date
|
Ref Price
|
Price Diff
|
Last
|
Range
|
Open
|
Change
|
Volume
|
Note
|
|---|---|---|---|---|---|---|---|---|---|
| AIRPORT | 02-Jan-2020 | 7.61 | -1.63 | 5.98 | 5.91 - 6.00 | 5.97 | +0.01 | 683,400 | |
| BAUTO | 02-Jan-2020 | 2.09 | -0.51 | 1.58 | 1.57 - 1.59 | 1.58 | 0.00 | 183,600 | |
| CIMB | 02-Jan-2020 | 5.18 | +0.27 | 5.45 | 5.37 - 5.45 | 5.40 | +0.04 | 6,354,000 | |
| GAMUDA | 02-Jan-2020 | 3.90 | -1.00 | 2.90 | 2.89 - 2.97 | 2.97 | -0.07 | 1,941,700 | |
| GENP | 02-Jan-2020 | 10.58 | -3.88 | 6.70 | 6.65 - 6.80 | 6.65 | +0.02 | 36,200 | |
| KLK | 02-Jan-2020 | 25.30 | -3.52 | 21.78 | 21.60 - 21.86 | 21.60 | -0.02 | 217,400 | |
| MAYBANK | 02-Jan-2020 | 8.65 | -0.35 | 8.30 | 8.21 - 8.30 | 8.29 | 0.00 | 7,968,500 | |
| MPI | 02-Jan-2020 | 11.44 | +37.92 | 49.36 | 49.04 - 50.32 | 50.30 | -0.64 | 74,400 | |
| PADINI | 02-Jan-2020 | 3.24 | -0.44 | 2.80 | 2.78 - 2.81 | 2.81 | 0.00 | 178,600 | |
| PESTECH | 02-Jan-2020 | 1.33 | -0.515 | 0.815 | 0.81 - 0.84 | 0.825 | -0.01 |
2,496,900 |
NOT EVEN ONE BUY CALL ON MEDICAL GLOVES FOR YEAR 2020 ??
Will Kenanga IB missed Palm oil bull run in year 2022 by giving neutral call on palm oil?
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Discussions
Be the first to like this. Showing 9 of 9 comments
good sharing Calvin as a reminder
this particular example is good
look at how it is performing for Pestech then and now
2024-01-01 13:59
Calvin tan boh liau fella ___
your bulls sheeeeets are written every where in other forums /
trying your super duper best to escape from your
9 peebles
9 pebbles
of 9 plantation stocks ,
more so for your T S H
T ong S ampah H abis / 9059 from December 2020 __ every year
2021 ,
2022 ,
2023
Still croaking under the lapsap longkang of Jurong Industrial Estate ,
Singapore .
DOES IT HURTS YOU , LAPSAP LONGKANG SPECULATOR BAD WITH YOUR HUMONGOUS LOSSES OF OVER
RM 1 , 185 , 470 .00
OVER YOUR T ONG S AMPAH H ANGUS MENJADI T ONG S AMPAH H ABIS /9059
2024-01-01 19:29
Calvin tan boh liau fella ___
your bulls sheeeeets are written every where in other forums /
trying your super duper best to escape from your
9 peebles
9 pebbles
of 9 plantation stocks ,
more so for your T S H
T ong S ampah H abis / 9059 from December 2020 __ every year
2021 ,
2022 ,
2023
Still croaking under the lapsap longkang of Jurong Industrial Estate ,
Singapore .
DOES IT HURTS YOU , LAPSAP LONGKANG SPECULATOR BAD WITH YOUR HUMONGOUS LOSSES OF OVER
RM 1 , 185 , 470 .00
OVER YOUR T ONG S AMPAH H ANGUS MENJADI T ONG S AMPAH H ABIS /9059
2024-01-01 19:29
calvin sorry to say you have been wrong so you can keep your plantation stock long long
2024-01-01 20:51
Plantation?
Chun chun buy calls
1. Tmakmur
Buy call Rm1.38
Taken private Rm1.90
2. Kulim
Buy call Rm2.50
Taken private Rm4.10
3. Kwantas
Was 50 sen
Taken private Rm1.65
2024-01-02 10:46
Recent chun chun buy call
4. Ijmplant
Was Rm1.86
Klk took private Rm3.10
5. Bplant
Buy call 57 sen
Ltat taking private at Rm1.55
2024-01-02 10:48
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CS Tan
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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....
calvintaneng
many go Gaga over Kenanga IB on Kgb now not knowing how many underperforming calls
Those who blindly chased hot air balloon stocks can later go Holland and live high up in penthouse
2024-01-01 13:41