Interesting, wise and knowledgeable arguments in this forum. There will always be differing views and that applies even for Research Houses. Otherwise, the share price will not fluctuate. An old man like me like to invest based on “bottom fishing” strategy once I think there is limited downside to a stock and greater probability of upside in the short/medium or even long term ;-)

Just different component of MSCI Indices ( Higher Cap, Mid Cap etc.). Whatever it is, Vulture swooped in again @ 1.28 when there is Panic Selling. Foreign Funds will just re-balance their respective funds portfolios.

https://www.klsescreener.com/v2/news/view/599480
Exit MSCI Global Index & into MSCI Malaysia Index.

Shaken but not stirred.....stay Loyal ;-)

We, Ikan Bilis, are so easily flushed out when Share Price increased and especially when it was subsequently sold down without fundamental basis. We need to invest WISEly :
Withstand - Strongly
Invest - Steadily
Stay - Firmly
End - Well ;-)

No major impact from MSCI review as 85%-90% Shareholdings held by PNB/ASM/EPF/KWAP etc. Other major shareholders are GIC Singapore and Vanguard International (if they have yet to exit based on previous sell down to 1.18 and foreign funds exodus). It will always be reinstated in subsequent reviews once the share price recovered > 2. Market has no memory and Foreign Funds will return in droves then.

It is strange that when I started to accumulate at 4.95 plus level, there were only sellers and limited buyers. It has since been inching up and currently against my “bottom fishing” strategy to average upwards. Fundamentally, this stock should be much higher from current level.

We, Ikan Bilis, are so easily flushed out when Share Price increased and especially when it was subsequently sold down without fundamental basis. We need to invest WISEly :
Withstand - Strongly
Invest - Steadily
Stay - Firmly
End - Well ;-)

All kind of characters in this forum. Luckily, we still have brave & intelligent female investor/character in this forum. Not forgetting some fine gentlemen too ;-)

I started buying from 1.23 & ended up “Panic Buy” all the way from 1.22 to 1.18 as the Value too attractive ;-) (SP Setia 2008 Share Price was H 5.60 L 2.65 ! ) At current level, I am still confident on the upward trajectory and still holding.

If that is the case, need to panic Buy :-)
However, against my “ bottom fishing “ investment strategy to average upwards at such a big spread.

Hopefully, the third wave will drive it towards the 1.50 comfort level before the Quarter results. A dividend announcement will definitely propel it higher.

Good consolidation phase this morning for “retailers”/Ikan Bilis profit taking for those that bought at the recent lows or stucked at 1.40 and below previously. 3rd.,4th.......positive waves will materialize again thereafter.

Recent Rights Issue have resulted in Cash & Cash equivalents of ~ 8 billion as at Annual Report for FYE 31/1/2019 but had since been depleted to 610 million in order to pare down Bank borrowings based on QR2 Balance Sheet for the 6 months ended 31/7/2019. Even so, remaining borrowings level still remains highly elevated at > RM10 billion and Company continues to be loss making as at 31/7/2019. Unless it is profitable from QR3 ending 31/10/2019, cash position will reduced further and cash flow will remain the biggest issue /challenge for this Company ! Position will be clearer after QR3 results due out in December 2019.

BNM OPR maintained. Positive for banking stocks.

BNM OPR maintained. Positive for banking stocks.

BNM OPR maintained. Positive for banking stocks.

A further move by the Government to impose Minimum Cigarette price from RM10 to RM15 will be another negative breaking point.

Watch the second positive wave in the afternoon session :-)

Good buy at 1.03-1.06 level.

BAT was a good stock but badly affected by illicit smuggling activities due to big price differentials. Although the correct way forward, Government’s recent ban on smoking in eateries (stricter enforcement and higher penalties from 2020 onwards) and continuous health awareness campaigns is very negative for BAT. In light of the weak economy, is unlikely for Government to reduce excise tax rate but can help BAT tremendously if they implement stricter enforcement policies to deter smuggling. At this juncture, elevated earning uncertainties does not augur well on future dividends.

A clear indicator that it is an absolutely Value Buy @ 5 if we observe and notice the number of Petron stations sprouting all over Malaysia. Last Call & Watch it move !

Resistant level of 1.30 breached this morning with healthy volume. Up, Up & Away :)

Yes. Joyous time for us as I also bought into IOIPG at 1.05 too although at small amount as I already accumulated way beyond my planned initial investment amount in SP Setia :-) for exposure into property sector.

Wow ! Easily 1.40 as predicted last month :-) Double digit gain for 1 month investment but I am still holding for higher TP. Previous forced selling was unwarranted and still significant upward possibility. However, risky for Ikan Bilis to join in now at current level now.

Hope that all of us (Ikan Bilis) have taken full advantage of the recent severe price correction at attractive level of 1.18-1.20 to accumulate more shares. Interesting to monitor the movements until the QR2 results expected to be announced in middle November 2019.

Vulture Power :) Looks like good QR and dividend on the way.

Even professionals have differing views based on different assumptions and parameters. Just look at the different TPs by all the Research Houses. No one can predict with absolute certainty and we just need to trust our own judgment.

With the level of borrowings, why pay out the reduced profit fully as dividend ? With smoking ban at eateries strictly enforced and lower consumer purchasing power in light of current lackluster economic condition, future prospects seems pretty dim.

I have accumulated more than initially planned due to the recent severe share price correction but confident that future JB-Singapore RTS link will be positive for their property developments in JB.

At current price level, both SPSetia and IOIPG are equally good but personally I think SP Setia will have more upside.

Happily accumulating @ 5 & below :)

If so, it is nearing bottom as KL Property Index already at ~ 745, I have started accumulating as it is difficult to predict with certainty the “.absolute bottom”. I started buying at 1.23 and will just have to increase the weightage in SP Setia, if opportunity to accumulate further between the 1-1.2 range. Let’s see if additional Buy Q @ 1.18, 1.17 & 1.16 get done today :)

Wow ! Already bought @ 1.23, 1.22, 1.21 & 1.20
last week and even managed to accumulate more at 1.19 today :) Luckily, still have “bullet” to accumulate further.

More than happy to have made almost 10% when I exited at 0.25 on 23/10 after the price spiked up since I bought at 0.23.earlier ;-)

EPF & KWAP already started accumulating and averaging down at current level after recent forced selling and consolidating phase.. Once PNB & ASN join in the fray, it will be joyous Christmas & CNY. We, Ikan Bilis, must take advantage of current attractive level.

Just a matter of time for 1.4x but not today ;-)

EPF continues to accumulate. Force selling well absorbed at current level and tapered off. Last Call ..... 1.26 !

At current level & below 5, I think this stock is worth to invest in based on “bottom fishing” strategy. Vulture will swoop in soon. Too many fundamentally strong stocks and choices to invest in under current market environment :)

We certainly hope that all of us can make $ together. There will always be good and bad calls along the way. Nothing Venture Nothing Gain.

See my Parkson comments in Air Asia (9/10) much earlier (Page 2) when others asked me to cut loss when I said I have the “dog stock - Parkson” in my portfolio.

Absolutely. Coconut Power :)

Wow ... 1.28 ! Consolidation phase at 1.23-1.25 over and looks like the start of the next uptrend :)

Vulture in a happy mood. I thought my “bottom fishing” strategy has turn awry in Parkson but managed to get out from my “dog stock” @ 0.25/0.245 this morning :) Have been in loss position since bought @ 0.23 and almost cut loss @ 0.21 earlier this month. Now, more fire power to zoom into SP Setia, if necessary.

So happy that I managed to get out from my “dog stock” @ 0.25 this morning :) Have been in loss position since bought @ 0.23 and almost cut loss @ 0.21 earlier this month.

https://www.klsescreener.com/v2/news/view/593382

My personal view is that those that have already collected at 1.50 & below will definitely be looking at gains after current consolidation phase as recent “force selling” seems to have tapered off. A good QR announcement in November together with dividend declaration will definitely propel the share price higher.

LoL ! Even Parkson shares active & revived :) Busy “shopping” in “Mega Property Sale” in SP Setia @ 1.20-1.22 last couple of days.

Brexit is a done deal. Looks like SP Setia share price will MaxIt :)

@ Ncm88 A quick review seems to indicate IOIPG to have rather similar parameters as SP Setia. However, need to have further in-depth studies on the past few years financials, QRs, Annual Report, stock charts/trend etc. before taking a position, if it meets my “bottom fishing” strategy. Old man need to sleep by 11pm and will analyze further tomorrow.