I hope it keeps going up. I went in at 1.23. Sold half at 2.04. Went back in at 1.3. The stock is just being very nice for patient traders. However, all these are just small positions, for fun.

I personally won't chase at RM1.25.
However, worth noting that 2 years ago, when its dividends was 6 sen and the stock was trading at 90 sen, that is a super 6.7% dividend yield stock! It's a screaming buy. At RM1.25, still not bad - 7 sen / 125 sen = 5.6% but less compelling to me, but maybe still very attractive to many dividend holders. I prefer to take more risks and buy a good dividend payor at very low prices, if I see them.

Typo. Stock is not trading at 1.25 sen but RM1.25 ... LOL

This stock is certainly under-valued from P/BV and from P/E, but the dividend that it receives from RHB is still larger than the dividends that it pays out to shareholders. If it maintains final year dividend at 4 sen/share, this brings total dividend to 7 sen/share giving a dividend yield of 5.6% at current price of 1.25. Not bad.

The tide is change too. The past 3.5 years, dividend year has been steadily rising:
2020: 4 sen
2021: 5 sen
2022: 6 sen
TTM 2023: 7 sen.
This is a nice trend, which is why price seems to react favorably.

My average cost is 91 sen. The stock is trading at 1.25 sen and looks like it wants to go up.
However, for me, this is a trading stock, not a dividend keeper i.e. I plan to take profits on price strength.

Eventually, wait long enough, I will sell everything and eventually ... wait long enough, price will fall back down again and I will be buying back again ...

@fortunefire, actually, LIIHEN can afford to pay higher dividend.
In the past, it has been very conservative, paying only 40% earnings or less.
However, over the past 3.5 years, the payout ratio is steadily rising - the question is - will this become a new trend?
2020 - DPS 4.7 sen / EPS 14.0 sen = 33% payout
2021 - 2.7 sen / 7.2 sen = 37% payout
2022 - 6.2 sen / 13.9 sen = 45% payout
TTM 2023 - 7.1 sen / 12.2 sen = 58% payout.

With Net Cash of 37 sen, and trading at 87.5 sen, the business is available for sale for only 50 sen.
It's long term EPS is 12 sen, i.e. this wonderful business is only selling for a P/E of ~ 4 times.

It's dividend yield is nice for TTM 2023 = 7.1 sen / 87.5 sen = 7.0%. That must beat EPF nicely at this depressed price.

If the Company continues to share its profits with shareholders (e.g. a payout ratio of 80% EPS should be very sustainable given the huge Net Cash position, even to cover very bad lean years), even without any Special Dividends, it's DY will be higher than 7.0% and this stock is well overdue for a re-rating up.

Personally, lower prices is sufficient reason for me to accumulate.

@fabien, thanks. I have first entered at 23.4x and been accumulating the past 2 days between 23.4 to 23.6. Lower price is sufficient reason for me to keep adding.

CAPITALA is my go-to stock when its price are low and depressed. Been doing this a few times already. When everyone is pessimistic and price is ultra depressed, buy. Eventually, for reasons most will never understand, its stock price will sell and that's when you sell on strength. Always bet constant size. Maybe one day it will go to zero, but if it does that, I will still come up ahead due to past wins.

Right now, I have taken profits twice to lower my original entry price of 0.65 down to 0.19. It's hard to imagine that I will lose this trade if I stick to my discipline. Don't give a damn about PN17, remeasurement or any fancy words. I just look at price chart, tune out all the negative noises.

To win in stocks, Buy Low, Sell Higher! Nothing more to it.

I think next year, should challenge RM8 with 60% probability (i.e. more likely to happen, than not).

Sold 13% off near RM4 to lower my average cost down to 3.09. Still got 87% to ride this stock up. At current price of 4.09, the Div Yield is still very nice at 6.1%. My Dividend Yield on cost is now a nice 8.1% after lowering my average cost down. I am conservatively predicting HAPSENG delivers 25 sen this year (which should be easy peasy). When my Dividend Yield on Cost is double digit and double EPF rate, that's when you know that you can forget this stock most of the time! Taking 70+ sen profit when yearly dividend is 25 sen is not a bad thing to do, as that's nearly 3 years worth of dividends in just an extremely short months.

Nice. When the stock blast through RM4 like it's not there, that's a nice move.

BAT C19 and C22 structured warrants are maturing on 30/8/23 i..e this week. Their exercise prices are 10.58 and 12.80. Safe to say, both will expire out of the money. The only winner is the issuers who originally issued 100 million and 150 million shares. All buyers will very likely lose 100%, basically transferring their gambling bets to the structured warrant issuers. Congratulations issuers! You win again!

This is why I don't recommend retailers to buy structured warrants - odds are very high that retailers will lose. Only occasionally they may win big but that's the "hook" - designed to reel in retailers.

I only play mother shares. Collect dividends. Buy and sell and make profits.

Looks like there's strong invisible interest to make sure BAT prices doesn't go up by 30/8.

The next structured warrant to expire will be C23 expiring 28/11/23, with high Exercise Price of 12.50. You can bet, 100% of retailers who bought the C23 will also lose 100% of their monies. Again.

For those who thinks that 72 sen net cash is small, consider that if UOADEV enhances its yearly dividend by 4 sen a year, and does this every consecutive years, it can afford to do this for the next 18 consecutive years to keep enhancing its dividends.

18 years is a VERY long time.

Market should get excited, because unlike old farts that never shares, UOADEV finally developed a conscience and start sharing 20 sen. The question now is - what next? What about the other 72 sen? Either way, speculators will bid this stock up because either way, whether special dividends or permanent additions of 4-5 sen, the period of enhanced dividends is very long i.e. there is now a potential catalysts ...

Shareholders should demand UOADEV to distribute the remaining 72 sen dividend.
Don't be like LCTITAN. From 5 billion net cash down to net debt and losing money. Total destroyer of wealth.
Hence, the biggest fear shareholders have for UOADEV is that Management, with that massive cash pile, go on to take silly risks with negative returns, only to benefit themselves.
Hence, shareholders should demand that the excess cash be distributed as additional special dividends to shareholders!

Notwitstanding the above concerns to the Board of Directors, what should investors do today, given that even after distributing 20 sen special dividend, there is still a massive 72 sen net cash ...

What will the Board of Directors and Senior Management do with this 72 sen?

Your guess is as good as mine. I think it is not impossible for them to distribute another special dividend again next year or two. For many years in the future, if they earn 10 sen earnings, and pay 15 sen dividends, this can be sustained for at least 14 consecutive years. If they do this every other year, that's 28 consecutive years.

The size of cash pile they hold is ridiculously high. Some of us might no longer be alive 28 years from now.

Someone told me that they avoided UOADEV because it keep holding to its massive cash pile for so many years without sharing. It is true. UOADEV kept its cash pile up and up until it is nearly 92 sen. This is actually unfair to different generations of shareholders in 2 ways:

1. The old shareholders who stood by UOADEV during the times in the past when it made large profits and grow the cash-pile. These shareholders, if they left prior to the 20 sen special dividend, loses out. Poor them.

2. The new shareholders who just bought UOADEV, when current year earnings is only 9-10 sen, but UOADEV looks set to declare 30 sen (=10 + 20). How fair is it that they got a windfall gain so quickly??

Should the first group of shareholders initiate a class action suit against UOADEV Board of Directors for being unfair in its dividend declarations?

Should the dividend policy of UOADEV be amended to avoid this sort of unfair situation from arising in the future?

Could the Board of Directors, over the past 5-10 years, declared a more equitable dividend sharing?

Investors should ask these questions to all Board of Directors in the AGMs, so that they don't forget the minority shareholders.

Thank-you BPLANT for taking me out. This is my largest trading gain, more than doubling my YTL trading gain (also very nice). Time to move on. Thank-you all again.

Wow ... hidden buyers plenty here. After a GTC order to queueto add a little to buy at 0.885, my order is finally executed today (97.5% matched, outstanding to match 2.5%). This is notwitstanding there was 7 consecutive days of trades being done at 0.885. 2 weeks of waiting. At 0.885, the lowest ever yield the past 6 years occured in 2019 when after tax, it is 5.437 sen with a Yield of 5.437 / 88.5 = 6.1%. This beats EPF very handily. It's TTM Dividend Yield is not bad, at 6.5%. It's maximum yield is higher, which occurred in 2021. I don't look at maximum yield, only the minimum yield, so that I can reasonably expect the worst.

My only concern is that 2023 is supposed to be an even better year than 2022 and 2021 but its distribution is lower than 2022 and 2021, hence, otherwise, I would have loaded up more. It pays not to be greedy.

First entry at 1.22 using 1.3% capital. Queueing to add more at 1.21. This REIT is above average, and can be bought more at lower prices. If it fills me at 1.21, it should bring me to 2.5% capital. This is about the right size for me for this good REIT. Can hold and ignore longer term. Yield should edge out EPF over next 10 years IMHO.

EPS has been dropping continuously 6 years in a row, from peak EPS of 27.5 sen in 2017. Since then:
2017 - 27.5 sen
2018 - 25.8 sen
2019 - 16.3 sen
2020 - 11.1 sen
2021 - 13.5 sen (hope?)
2022 - 9.8 sen (what!)
2023 - 5.4 sen (what!!)

The latest EPS (5.4 sen) is less than 20% of what it used to be in 2017 (27.5 sen).
The stock price today (RM1) is also less than 20% of what it used to be in 2017 (RM5)

From dividend policy perspective, I admire this stock because it always share its profits with shareholders. On average it pays out 80% of its EPS as DPS and I like this very much. I also like its Net Cash position too.

However, the only problem is its underlying business EPS. Its profits is shrinking ... and shrinking ... and shrinking ... and shrinking .... and shrinking ... It's been shrinking since 2017.

Share price has no bounce. This one, cannot do anything ... just let it be. Either it dies a natural death over time ... or one day, Management is able to arrest the decline in EPS to be higher than 6 sen to breathe some life into this dying stock and dying business.

I thought it was going to take a while to get to RM4, and looks like I am wrong.
Today, I am happy that I am wrong.
This is because, when I am wrong, I make money FASTER! Haha ...

Company has been doing well. However, the share price only edge up slowly and not flying because the company doesn't share its profits with investors. It creates inequities because the older generation investors who are loyal are not getting rewarded. IF (or when) it eventually shares its huge cash pile with investors, only the future generation of investors will get rewarded. In this sense, it is grossly unfair to the older generation investors who are loyal to the company.

This doesn't require younger management - it requires a different Board who is highly aware of the inequities arising from not sharing its profits timely with its shareholders.

Another possible explanation is one day, the shareholders plan to siphon the huge cash out to benefit themselves, at the cost of minority shareholders. Cash that sits in the company that continues to build up is also another potential danger sign. At this juncture, I feel it is the lesser risk, but if the Board continues to allow huge cash pile to build up and not being shared with shareholders timely, the Board is ultimately responsible for creating this inequity. If major shareholder don't agree with the Board, the Board should resign.

My quick check on Shopee and Lazada indicates that the take-up is still extremely low. Unlikely to move the revenue needle for Q3/2023 QR. More likely to incur fixed costs to be reported in Q3/2023. So, odds are BAT will need to show the money to the market in its QR that it is selling really well. Else, this stock price is less likely to go up so soon. Weekly chart shows long term downtrend still intact.

"
"Tobacco giant BAT has launched its Vuse disposable vape with up to 1,500 puffs in Malaysia, priced at RM22, after the government delisted liquid nicotine. Vuse is sold nationwide on Shopee and Lazada, and in convenience stores in Klang Valley and Penang."

Having mentioned all the risks and downside, I am a little bit more optimistic with BAT after this announcement - https://codeblue.galencentre.org/2023/08/03/bats-disposable-vape-enters-malaysian-market/#:~:text=By%20CodeBlue%20%7C%203%20August%202023,in%20Klang%20Valley%20and%20Penang..

My guess is for FYE2023, BAT EPS will drop to around 70 sen +/- 3 sen. If true, it will be its worst, worst, worst ever earnings for an extremely long time. Just in 2015, BAT EPS was 312 sen. It will only be a quarter of 2015 EPS. However, in 2015, price range from 53 to 67, averaging at say 60. A quarter is 15, probably ranging from 12-18. However, the downtrend is not yet over since last decade/s. So, market marks it down further if it thinks this downtrend can get worse. Right now, 10 does give a buffer, but if next 2 quarterly earnings confirms how bad it is, then, market will mark it down further again.

The bias is towards more downside in the coming 12 months. Don't keep averaging down bigger and bigger and bigger in unlimited fashion when this happens. At least, sell a third to a half during the rallies at a profit. A smaller win is much more preferable than HUGE losses when we are wrong.

My prediction, is if Q3 EPS is near 25 sen (unlikely, but let say IF), then, there will probably be some relief rally.
However, if Q3 EPS is say 18 sen (say 70% of 25sen), then, we'll see the strong support at RM10 be broken, in which case, it could go as low as RM8 depending on how much market panics. If RM10 support gets broken, don't chase the falling knife, but wait until it finds bottom.

Basically, you don't want to gamble on earnings announcements - we will know around end October.

I also believe market likes to alternate more often than not. If around 1 month prior to announcement (by end Sep) it shows a rally, then, quite likely after QR, it will fall below RM10 and vice versa. This is just probabilities - say 60% chance of happening i.e. not strong enough to bet big on this hypothesis.

But going into earnings in Q3, any strengths will see a sell on my part for that part acquired at RM10. Selling at RM11 is no shame, earning 10% gross in less than 2-3 months.

Price must be correlated with Earnings and Dividends.
Last year, BAT EPS in Q1/2/3/4 = 18.3/25.7/26.4/21.6. This year, BAT EPS in Q1/2 = 14.1/16.6. This is poor performance this year.
Last year, BAT DPS = 17/25/25/21. Note DPS is lower than EPS, as expected. High payout ratio too (96%).
This year, BAT DPS = 13/16. Note DPS lower than EPS, as expected. High payout ratio too (94.4%).
So, for BAT, the real question is - what will Q3 and Q4 EPS be? Q1+Q2 EPS was only 69% of Last Year. Hopefully, Q3+Q4 will be higher than 69% of Last Year.

Note that if this reduction is a permanent one, then, BAT price will be 69% of Last Year's Prices. So, if Last Year's prices ranges from 10 to 14, then, be ready to expect BAT prices in 2023 ranging from say 7 to 11 say. Market is giving BAT the benefit of the doubt now because whilst Q1+Q2 is 69%, nevertheless, if Q3 QR does not pick up, then, BAT will linger around 10. It needs a good QR i.e. the bias, if it's a neutral QR, will probably see lower prices ahead.

Up to 2022, this company use to earn every quarter 2-4 sen per share. Annualized around 10 sen per share.

But last quarter is only 0.3 sen per share.

The old ASTRO is gone forever now ... they had a chance in 2021 to hunker down, strategize recognizing the business model is dying with so many threats that they cannot escape ... they could have kept expenses low, and delay the reduction of the 2-4 sen per quarter dividend slowly ...

Instead, they chose to accelerate the reduction of EPS from 2-4 sen now to 0.3 sen.

Congratulations ASTRO! Now go and die faster to 21 sen NTA.

Best case scenario - IBs have blind spots when it come to setting TP for ASTRO. Their blindspot has persisted for many, many years now. Everytime, their TP is higher than current price and every time, price keeps falling .. and falling .. and falling ... and their TP keeps falling ... and falling ... and falling ...

Today, still got too many IB recommending Buys with higher TPs than current price ... and you know what will happen ... Price keeps falling ... and falling ... and falling ... and TPs gets revised and fall ... and fall ... and fall.

All these talk about merger and TP rising to RM1 .. or RM1.50 .. are just that ... **talk**

The NTA of ASTRO is only 21 sen. The stock EPS last quarter is only 0.3 sen. Annualized is 1.2 sen. At 21 sen, that's P/E of 17.5 which is fair value.

Current price is 51 sen. ASTRO needs to improve its earnings before it's worth 51 sen. So, you know the price bias.

Nobody is going to pay RM1 or RM1.50 for ASTRO whether it is M&A situation or Merger or whatever. The past couple years, this overpaid CEO decided to super expand ASTRO to take on a lot of debts that needs financing and ASTRO that used to be a cash cow is now saddled with perpetual high finance costs that looks to keep growing ... and growing ... and growing ...

The bet to boost revenues looks to have failed - the only way they can boost revenue is to increase Marketing costs and that will further lower profitability.

A couple of years ago, ASTRO has the chance to protect its cash cow status by hunkering down, lower expenses and not grow. But they want the new ang moh CEO. And ang moh being ang moh ... you know lar ... must show aggressiveness. Must grow. Must spend. Must take on big, big, big debts.

So, welcome to New ASTRO. The one with big, big, big debts. The one where the cash generating cow is now so thin that this cow can barely give you any milk ...

This is a dead stock. The best you can do is not to touch this. If you own it, and can't get yourself to sell it, then, ignore it and let it die ...

This QR seems a bit delayed, relative to past 2 years where it should have been out already.

I feel the immediate resistance will be 68 sen first. Maybe move around 64-68 sen range for a quarter or so.

However, I don't chase at 3.66. Since I owned at 3.26.

But the above analysis tells me that I can do a small trading.

Small trading means take a small portion and try to sell at Resistance - above I identified 4 typical points.

Sell some at resistance and then BUY BACK at lower price for same number of shares to lock in profits and give yourself extra dividends.

At KEY RESISTANCE, sell more and don't buy back. Here, R4 is my key resistance.

That's the high level plan. However, I don't always stick to my plan at next quarter after i get new information - I constantly update my trading plan. historically, my plans has > 50% chance of being wrong, but the beauty of being wrong so often is that I make money ...

For FYE2023, I only plan to get 25 sen dividend. 80% payout means EPS for 2023 needs to be around 31.25. H1 EPS = 2.04+26.59 = 28.6. So, next 2 quarters only need to earn 31.3-28.6 = 2.7 sen. I think this is very easy to get, so, I would say 95% chance the next dividend will be at least 15 sen, to bring total dividend to 25 sen.

The only question is can this year's dividend be 30 sen? Using the same simple maths, it needs to earn 37.5 sen (80% payout). Minus H1 28.6 gives H2 target = 8.9 sen. This means Q3 may be say 4 sen and Q4 say 4.9 sen.

I think there's still 45/55 chance of this happening. So, 30 sen is not completely impossible. If 30 sen dividend, means HAPSENG is under-valued because the Dividend yield = 30 / 3.66 = 8.2% which for a conglomerate like this, where to find?

If you study its Annual Report and business, here's some figures: 2022 (2021):
1. Plantation R815m (671m) OP 267m (293m)
2. Property R524m (1540m) OP 158m (986m)
3. Credit Financing R242m (288) OP195m (211m)
4. Automotive R1750m, (1210m) OP 69m (8m)
5. Trading 3460m (2030m), OP 297m (97m)
6. Building materials R706m (543m), OP132m (57m)

With 6 diversified business, of course, guaranteed 100%, you will ALWAYS find problems, bad news in its segment. This is guaranteed. But are they permanent problems? How do you know Management cannot find compensating factors elsewhere? This Management has proven themselves to be consistent the past 8 years, to find one-off gains every year somewhere else. You need to look broader and not myopically at one segment problem only.

For a stock like this, low price is to accumulate, high price is to sell on strength, else, hold on and collect solid dividends. The strategy is simple, don't over-think, and don't out-talk yourself.

This is a good conglomerate with stable earnings and dividend history over past 8 years.
- Dividend history past 8 years: Ranges from 25 sen to 35 sen, with last FYE = 30 sen.
- Earnings history past 8 years: Ranges from 30.1 sen to 46.7 sen, with last FYE = 38.2 sen.
- My forecast for EPS for FYE2023 ~ 35 to 40 sen.
- My forecast for DPS for FYE2023 ~ 25 to 30 sen.
- Over past 8 years, this company pays out 80% of its EPS as Dividends - this company shares its dividends with shareholders.
- At 25 sen, at 3.66, Dividend Yield = 6.8% already very good.
- At 30 sen, at 3.66, Dividend Yield = 8.2%, beating EPF hands down.
Where do you find such a stock?

My average cost is 3.26, with Dividend on Cost ~ 7.7%, very very good.
At current price of 3.66, the Dividend Yield ~ 6.8%, still very good.
However, my strategy is to take some to trade. Selling on strength is still a good strategy.

Looking at the longer term Price chart, I see 4 key resistance levels, when I start to become interested in selling. This are just initial impressions, I typically change my mind a little when the time comes.

So, the Strategy = Sell on Strength, the only question is how much and when;

Next R1 ~ RM4 (Nice round number, but if it gets there I think 85% chance continue to rise, so, sell 15% there);
Next R2 ~ RM4.65 (38% retracement and strong; but if it gets there, 70% chance continue to rise, sell another 15% there)
Next R3 ~ RM5-5.2 (50% retracement, typically expect some price reactions, so, sell another 10% there)
Next R4 ~ RM5.7. (62% retracement and very strong, sell another 20% there).
If it goes past RM5.7, I still have 40% holdings to enjoy very nice dividend yields.

All these could take months or even years, so, it's GTC orders and forget the market.

Queueing to sell at RM1.70 GTC order so no need to monitor the market. Selling 30% of holdings there. My average cost is 63 sen. My wild guess is if it gets to resistance range of 1.67-1.72, there's 30% chance it might drop down. Hard to say.

ronnie2u, I don't think so. Platinum Sentral is not the same as Nu Sentral.

HAPSENG performance is consistent every year, with one-off gains. It pays 80% of its earnings, including those from one-off gains. H1/2023 EPS = 28.63 sen. If next 2 quarters are single digits, historically, the average single digit gain is around 5.5 sen suggesting another 11 sen. This brings 2023 EPS forecast at around 40 sen. 80% payout = 32 sen. My conservative dividend for 2023 is 25 sen, but I might be pleasantly surprised.

25 sen / 3.66 = 6.8% dividend yield. This stock is still cheap at 3.66.

4.07 close. 4.5 intraday high. Nice. Net cash grows. Super high dividend yield. Excellent business. Look forward to selling a little bit each time on strength.

@pinky, I'm not greedy. I already let go of my YTL after it delivered capital gains (net of comms) equal to 19 years of dividends, by holding a few short months.

I let go of YTL already, after getting net capital gains after all expenses and commissions equal to 19 years worth of dividend by holding for only a few short months :-). I'm happy.

Also, today, they just credited 16 sen dividend into my account. Always nice to receive dividends ... my average cost keeps getting lower and lower and is now at 9.67, notwitstanding that in the past I did buy at 10.8 some time ago. It helps to let go when price is high and buy back when price is low, and collect dividends along the way. With GTC orders, I don't even monitor the market at all, every night, I just quickly do a 5 second glance at the order status.

1.52 close. Looks like it wants to go up ...

This is one of my diversified REITs. I have a small holding due to its attractive 6.8% dividend yield at 1.09. I just added at 1.10, and will be looking to add at lower prices. I don't own it for price appreciation, just expecting this REIT to beat EPF every year. The risk is I suspect the dividend for 2023 may be a record low dividend, at least TTM is, but a part of me thinks that when all looks bleak, it's time to get some of these cheap. I always could be wrong, hence, just 3% for me.

My GTC order to buy BAT at 10.00 was filled. Chart wise looks negative biased - looks like there may be more downside to come. Will not chase, will let price comes to me.

This kind of result seem to indicate that next quarter dividend has good chance to be 1.65 sen again, IMHO. I could always be proven wrong later since 3 months is a long time, and noone knows what will happen next 3 months. So, let's collect the 1.65 sen first after payment on 29 Sep, and then see what Q3 will be next.

If you feel pessimistic on TALIWRK, you may consider alternative hypothetical scenario of dividend cut to 4.8 sen per year (1.2 sen per quarter), similar to what they used to pay in Q3/2019 and prior. Under this scenario, 4.8 / 80 = 6.0% dividend yield, still beat EPF.

If you own small, you will not unduely worry about future adverse result or future dividend cut, because if the cause is temporary, then, low price is a friend to average down once price stabilizes. Very hard to lose if not greedy. (However, if you are greedy, it's a different story).

TALIWRK dividends will cost RM66.5m for H1/23, vs Net Cash from Operations (NCfO) of RM66.7m. H1/23 NCfO of RM66.7m is a significant improvement over H1/22 figure of RM37m, so at least this part is positive trend. The renewable energy is also doing better than prior year. Still looks to support RM1.65 dividend payment, with perhaps a positive bias, but the margin is thin, so, any negative surprise / bad news might cause the price to fall. That's why the dividend yield is so high. Dividend yield = 6.6 sen / 80 sen = 8.25%!!

Nice to see many sources saying HAPSENG upcoming Friday quarterly earnings will show a drop. I'm a believer in selling a small amount / some into strength so that you can buy back when upcoming Friday quarterly earnings show a drop. Sell at 3.73 to buy back at 3.47 is a nice small dividend.