Currently, IOIPG not in my portfolio as I am still negative on property sector but attracted by SP Setia recent price level. Hopefully, SP Setia shares accumulated at 1.22,1.21 & 1.20 these two days will be positive, being the only foray into property counter in my Portfolio. I will certainly start to analyze (Annual Reports/QRs etc.) and look into IOIPG since I am not fully invested (40% Equities 60% Cash) as yet.

Wow ! Closed at 1.26. Looks like Margin Calls and force selling over and the start of an uptrend :) It is fundamentally too cheap to be able to buy SP Setia at 1.20 (Or 2.00). “Liquid investment” & exposure in Properties with NTA > 3.

Exactly. Successfully accumulated more at 1.20 although the Buy Q @ 1.18 & 1.19 still not done at all.

Only 4 Institutional Funds (PNB/Amanah Saham Trustees/EPF & KWAP) above the 5% threshold that requires transaction notifications. Other Institutional Funds are way below the threshold as 1% already constituted > 10 million of Shareholdings.

Word of caution though for all Ikan Bilis ... Can only buy and average down all the way as investment with absolutely spare cash (ie.not for contra and margin players). Based on latest Annual Report, PNB/Amanah Raya(ASB)/EPF/KWAP/GIC Singapore/Vanguard and other prominent Institutional Funds holds > 86% of SP Setia !

@ NcM88 and wilsonchan87
Exactly. Either flushing out weak holders or margin calls for big holders in view of the recent steep fall and huge selling volume emerging.

Happy buying spree @ 1.21 for us Ikan Bilis with good holding power. We, retail investors, can finally buy cheap from the Institutional & Foreign Funds :)

1.21 Buy Queue all matched today with huge Selling Volume of > 1m @ 1.22. Mega Property Sale !

Anything Is Possible ... Never Say Never. The “true bottom“ is possible if SP Setia do not announce dividend this year. However, if at “true bottom” level or even at current level, PNB/EPF/KWAP should contemplate taking SP Setia Private at 2.

If so, opportunity to accumulate all the way to the “real bottom”. Absolute good return for the middle term property cycle recovery :) I even queued to buy at 1.20 & 1.21 yesterday but trades not done at all except for 1.22 & 1.23.

Contrarian Investing is an investment strategy that is characterized by purchasing and selling in contrast to the prevailing sentiment of the time. A contrarian believes that certain crowd behavior among investors can lead to exploitable mispricings in securities markets. ”Wikipedia”

Contrarian means Buying with ample Cash available when others are selling due to negative sentiments on property sector & not “contra player”. Vulture Fund can ride with the ups and down based on short/medium/long term horizon :)

Let’s see if SP Setia or SKP Resources reach the TP of 2 first :)

TQ. I am a contrarian and believe in my “bottom fishing” strategy. I think it has fallen enough & “perfect” timing to accumulate at current level. Market has no memory but I believe it will reach TP of 2 in due course.

Too attractive at current price with NTA > 3. Vulture123 swooped in @ 1.22 :)

What ... falling knives ? Low of 1.23 & all our hard earned monies in EPF/KWAP (owning 20% in SP Setia! ).

https://www.klsescreener.com/v2/news/view/592324

Simple Logic. If you buy a depreciating used asset like a Lamborghini, can you make money by selling it after owning it for a further 6 months ? Moreover, Tranquility requires MONTHLY maintenance cost of around 3 Million and that is not even accounting for the annual depreciation !

MSWG recent comments are to be applauded after a few articles in The Edge and recent Bursa queries on the matters. Bursa should have been stricter in enforcement based on MMLR as commented by MSWG.

We, the minority shareholders, cannot be happy over recent events especially a material RPT involving a PLC.

https://www.klsescreener.com/v2/news/view/591614

https://www.klsescreener.com/v2/news/view/591342
Dividend or Rights Issue ?

Wow ... 1.23 ! Still going strong with healthy volume today. TP2 seems promising now :)

Just Read BursaLink Announcements dated 6/8 (Empire RPT) & 15/8 (The Edge Article/Bursa Query). I am glad that I took the painful step to sell at a loss (fortunately have recovered in other fundamental counters with good Corporate Governance) immediately after the RPT news before the funds exodus.

Facts are facts. No two ways about it. We were all GenM & Genting short/long term investors until the recent RPT announcement. Only “insiders” will continue to be the staunch supporters.

Wow ! 0.965 However, SKP Resources performing even better :)

For those that missed the fantasy flight at 1.04-1.05, it is still not too late to catch the connecting flight at 1.18, although there will be more air turbulences but uptrend still intact :)

1.18 :) Lots of coconut to eat once SKP reach your TP of 2 again.

https://www.klsescreener.com/v2/news/view/589950
What’s going to happen to all the palm oil Companies ?

Wow ! Already 1.13 (up 6 sen) today even after recent Ex Dividend of 3.84 sen :)

Most importantly, the recent significant RPT will affect foreign funds investment and their portfolio mandates. This is the main negative factor.

Dyson will no longer embark on electrical car manufacturing and this news will be positive for all existing Dyson’s EMS Companies like SKP Resources. In addition, Budget 2020 tax incentives will also be positive news for manufacturing sector too. Last, Last Call :) for the start of a new uptrend.

Hopefully, not gravestone Dojis !

Every day lower prices. Very soon, Everybody can Buy !

Sands will the the firm front runner for Tokyo/Yokohama.

Sands will the the firm front runner for Tokyo/Yokohama.

Genting Group not bidding for Osaka IR Licence ? Not surprising unless they want their borrowings to balloon significantly. Recent gaming fees hike have serious repercussions on their future earnings in Malaysia & Singapore. In addition, SGD4.5 billion additional capital required for expansion mainly in non-gaming activities in Sentosa as part of the Licence renewal condition for GenS. The Group other activities in Plantations and Properties are also in doldrums. Recent RPT on Empire US will also require very significant Cash outflow requirements. For expansion into Japan, big Capital will be required and their rules and terms will be just as strict and competitive as in Singapore.

Not surprising unless they want their borrowings to balloon significantly. Recent gaming fees hike have serious repercussions on their future earnings in Malaysia & Singapore. In addition, SGD4.5 billion additional capital required for expansion mainly in non-gaming activities in Sentosa as part of the Licence renewal condition for GenS. The Group other activities in Plantations and Properties are also in doldrums. Recent RPT on Empire US will also require very significant Cash outflow requirements. For expansion into Japan, big Capital will be required and their rules and terms will be just as strict and competitive as in Singapore.

Based on this latest bomb shell revelation, what is BNM & Government going to do about such serious allegations presented in High Court ?

In share investment, it is normal to have “paper loss” as no one can ever predict with absolute degree of certainty the price movement. As the saying goes, Nothing Venture Nothing Gain but to invest prudently. Quo Vadis !

https://www.fool.sg/2019/08/08/why-has-genting-singapore-ltds-share-price-plunged-20-in-the-last-6-months/

https://www.fool.sg/2019/08/08/why-has-genting-singapore-ltds-share-price-plunged-20-in-the-last-6-months/

In USD/SGD/£ and MYR for risk diversification. Old man is always very prudent :)

If not for their recent Empire RPT, I would have re-enter with my current high Cash position based on the current low price. Timing just doesn’t feel right until we have the visibility of their Empire investments in 1-2 years. Their borrowings position will spiral based on such RPT investment in a decade long loss making entity track record.

As retiree and having gone through various past crises, prudent investment approach need to be adopted. Market has no memory.

Good advice. I will definitely buy AA & Genting again but not at current price as yet. In view of global economic/market uncertainties, I have shifted to 30% Equities & 70% Cash position to ride through current global economic uncertainties.

In any case, very low investment/weighting in The Star & Parkson based on high risk high return approach/medium/long term horizon. Just wrong timing and enter too early. Have not average down as yet due to market uncertainties.

I still have another 28 other stocks in my Portfolio (majority in positive territories except for Star, Parkson and banking stocks) based on “bottom fishing” strategy beside already cashing in on other double digit gains (AA, Airport, Inari, Astro, MBMR, Genting, GenM, GCB, VSI, IHH, Sunway etc.). Guess I will have to ride with the ups & downs as Nothing Venture Nothing Gain :)

https://www.klsescreener.com/v2/news/view/587752

Definitely AAX. Under present economic/equities condition, we can only increase our investment if we can find “AAA” stocks at oversold position. Certainly not high loss making and highly geared stocks.