Luxchem has ample cash to pay dividend since RM132m in Cash/Bank as at 31/12/2019 based on the latest QR. Their borrowings (positive gearing) of RM60m plus solely as natural hedging in Rupiah and excellent Treasury Management. Hopefully, with a projected good QR1 2020, we look forward to an increased in annual dividend plus Special Dividend in FY 2020 :-)

It is finally moving. Already accumulated lots at < 0.50 :-)

In a bear market, it has certainly moved from 11.38 (last week) to 12.20 today :-) I still hope it will move much higher for those that have higher entry prices so that we can all make monies together,

Watch it move tomorrow :-)

Even Luxchem (0.515) doing fantastically well :-)

All still doing very well. The Best Yet To Come for TOPman (4.30) and SUPERman (1.32). Their main spike will happen after their January to March 2020 results announced in May 2020 :-)

In addition to stimulus packages, our Government immediate priority now is to tackle the “shadow economy” such as illicit smuggling. Additional revenue vital to ensure a strong economy.

Of course, BAT business will not improve significantly over time. However, you need to bear in mind that my entry price at an average cost of RM11 plus (not 66 or even 20) is very low indeed for a high dividend yield counter. BAT is facing the full brunt due to the illicit cigarettes level at 65% as at the last quarter mainly due to lax enforcement issues and market risks aversion. Our Government need to focus on the eradication of illicit cigarettes smuggling immediately to prevent major tax leakages in the shadow economy. With revenue plunging (lower oil prices, negative tourism effect due to Covid-19, lower tax revenue etc.), the urgency is there to act fast on all these tax leakages with the assistance of Customs & Police to mitigate against the high recession possibility for Malaysia in 2020. BAT will not head back to it’s hey day share price level due to steps taken globally to reduce smoking but it should not be at the current share price level. Market has no memory. I am a non-smoker too :-)

Excellent QR results just announced for Petronas Gas with Special Dividends.

I am definitely keeping as endowment funds and gifts to my grandchildren. It might be the best gift for their education funds since my average cost is so low as compared with RM66 !

Time & Tide Waits For No Man. Go with the flow & do not bother to fight the opposing Tide.

0.545 is still good entry point for those that have yet to Buy :-)

My triple Averaging Down strategy working well. From “paper loss“ to “paper profit” and I am not exiting anytime soon even at 12.20 :-) The Best Is Yet To Come.

Of course, exit. Bought < 3.50 & already > 4.50. It is not glove related stocks, so cannot be greedy.

Exited HY > 4.50 :-) Bumper Harvest.

Exited > 4.50 :-) Bumper Harvest.

Asal ada Ops Tangkap, BAT akan terus naik. PH sangat perlu pendapatan cukai untuk “Stimulus-2020”.

Agreed. I bought HY on a speculative basis as the price < 3.5 was a good price for bottom fishing. Main & actual portfolio investment definitely skewed towards Petron.

Based on today’s news flow from both MAS & AA, price war seems to be taking place between AA & MAS in view of the lackluster aviation sector and over capacity in 2020. It will be “The Last Man Standing” :-[

Agreed. Petron is definitely a better company but HY at < 3.5 was definitely too difficult to resist.

https://www.klsescreener.com/v2/news/view/637648
New competition for AA. Now everybody can fly AA or MAS.

See LuxChem (glove related) Q4 results announced today even prior to Covid-19 positive impact in FY2020 :-)

Annual Dividend yield nearing 5% based on ~ 0.50 entry price. Profitability & dividend rate (Special Dividend ?) expected to be even higher in 2020 arising from the positive impact of Covid-19 in this environment of low FD interest rate.

Time & Tide Waits For No Man. A word of caution - Bottom fishing strategy will not work in Covid-19 negative sectors like Aviation, Tourism, Hospitality, Retail and Banking sectors at this juncture though and no point fighting the opposing tide. Share price/valuation based on 2020 evolving Covid-19 negative impact will determine the entry prices.

See LuxChem (glove related) Q4 results announced today even prior to Covid-19 positive impact in FY2020 :-)

Strong Balance Sheet. Cash position has increased further from RM107m to RM126m in this challenging and turbulent economic period of 2020. In addition, LuxChem in a glove related sector that is positive due to the evolving Covid-19. I am glad I have the first mover advantage by panic buying and maximizing my investment @ 0.515 on 5/2. QR 2019 lower trading sales was mainly due to the protracted US-China trade war that impacted most Companies.

https://www.klsescreener.com/v2/announcements/view/3109044
Good QR & Dividend for period prior to Covid-19.
Looking forward to even better QR for FY2020. Watch the QR1 FY2020 to be announced in May 2020 with the positive impact from Covid-19 :-)

I know. Background Corporate Video for newbies. My position already maximum for exposure to a single counter @ 0.515 :-)
What RM2 ? I am more than happy with 0.80-1 !

In this uncertain equities market environment, it is always safer to pick up stocks near their bottom prices, if we decide to stay invested in equities over the medium/long term. The challenge is always in predicting the “exact” bottom as we will not be correct all the time. Fine examples of recent opportunities for “bottom fishing” were SP Setia, SKP, SuperMax, Top Glove, Luxchem, Padini, MYEG, Petron, Hengyuan etc. Time & Tides wait for no man. Panic Buy when others are panic selling :-) There will always be differing opinion that makes share investing exciting and opportunities to make monies.

It was definitely panic selling to the recent low of 4.60 due to Covid-19. Although it will not head back towards the previous high heyday price range, > 6 will be a fairer valuation in the immediate term.

It was definitely panic selling to the recent low of < 3.50 due to Covid-19. Although it will not head back towards the previous high heyday price range, 4.50-5.50 will be a fairer valuation range in the immediate term.

Definitely not selling yet based on the sharp uptrend since accumulated at rock bottom price for portfolio diversification.

What’s happening to Hengyuan ? Anybody has any news ? I have not been monitoring this counter as already maximized position in a Single counter & fully invested at ” bottom fishing” cost.

What’s happening to Petron today ? Anybody has any news ? I have not been monitoring this counter as already maximized position in a Single counter & fully invested at average cost of below 5 :-)

If one of the passenger from the Cruise Ship Westerdam on the chartered MAS flight to KL have been tested positive for Covid-19, all the remaining passengers and air crews on the chartered flight should have been quarantined for 14 days even if they are tested negative. They are close contacts and should not be allowed to take other flights with other regular air travellers.

After careful and rational consideration, I will not take the leisurely drive for a quick site visit today as old man has lower immunity and will be more susceptible in public places.

American Cruise ship (Westerdam) passenger that flew in from Cambodia to KL tested positive for Covid-19 :-| Taking position in Aviation counters at this juncture is akin to “Kamikaze” strategy.

https://youtu.be/lSzicTKssgg
Corporate Video

https://www.ggrasia.com/health-risk-factor-in-casino-closure-review-macau-govt/

https://www.ggrasia.com/health-risk-factor-in-casino-closure-review-macau-govt/

Singapore will definitely have more Covid cases as community spreading easier to occur due to High Density country. The “local” cases already well exceeded the “imported” cases. Of the total 72 cases in Singapore, there were 5 Bangladeshi foreign workers amongst them. Investigative work need to be carried out as to the actual source/cluster of the infections since it might not be at the construction site/hostel.

That is a good idea. Since I have not been there for ages, I think I should take a leisurely drive there tomorrow morning for a quick site visit.

GenM must not cut staff salary unless as a last resort. If absolutely necessary, all the big bosses should make the pay cut & Director fees sacrifices. All the previous years reserve accumulated during good times should be adequate to cover for the next few months of envisaged losses.

Excluding the infections arising from the Cruise Ship Diamond Princess currently docked in Japan, the highest number of infections outside of China is Singapore at 67. Being a High Density country, I still cannot understand why Singapore yet to curtail all their major public events. Mere temperature control futile since Covid-19 can spread asymtomatically.

Singapore yet to announce officially for today (15/2). Why the delay ? The 9 cases was announced ~ 7pm yesterday - Friday (14/2 for a total of 67) & 8 cases was Thursday (13/2 for a total of 58).

@ kelvin17 Absolutely. Of course, I will analyzed their QR to be announced this month & it will also be dependent on the current share price and projected future earnings based on worse case scenario.

Genting HK aggressive expansion into the Cruise business is already a fine example.

I already said way back in 2019 that GenS chances are minimal for Japan. Their CASHFLOWS will be overstretched and it is better to focus on existing operations. In light of Covid-19, it is better to survive the present impact rather than to be exposed to higher risks based on aggressive expansion plan. “Do not undertake more than what you can chew”.

In the meantime, looking forward to the EPF dividend announcement this weekend as all the contributions remained untouched even way past retirement age :-) Depending on the EPF dividend yield, might even consider shifting 50% of total EPF funds into additional BAT shares for better dividend yield.

42 sen :-)