You can of course do whatever you like ThunderCool, it is a market.

I don't see 2.3x as a trap as I am a trend trader. In fact, it spikes up to 2.41 now. I would just wait it stabilized to buy more. So far, I have already bought at all computed price points around 2.0x to 2.4x. My calculation proceeds up to 3.xx before deciding to sell or engaging into a new series of pre-computed price pints again. Still a long way to go.

For those who wish to buy now, wait for the short term pullback before accumulating, it should be around 2.3x to 2.40.

Thanks Calvin for the info. I think it is hard to justify the true trend of price growth in Iskandar also because of the greater land mass of Johor and lower local trade flows. Take places nearby Tebrau as example. The house price at Taman Molek area has been growing up handsomely in the last 10 years because of the SGD Malaysian buyers. But that concentrate only at one place (also the J. Jaya region) with considerable economy/trade activities around. An area must have high density trade flows around before the house price would increase. KL and Penang island, because of the limited land mass could experience booming of house price. Iskandar, just like Penang in-land, would see increase in house price but less attractive to new buyers earning MYR who have limited affordability (worst still, those who are in the middle class level may have experience difficulty in securing a loan).

The fundamental problem is still there. Take Tambun's housing in Penang, the buyers are really stuck at loan approval at this moment. The price has boomed, double storeys have grown up to 550k but the buying has stalled significantly. I still hope the market would return to ages around 2013, where the housing counters trend up significantly. But we must not disregard the fundamental issues for investing now. The buyers who are facing CCRIS problem are mostly, if not all, solving it now. After 12 months later, we will see the loan approval and buying trend peaks up.

When economy slow down as what we have now, many conservative upper class investors (as those who buy real estates) would keep their money in FD instead of buying. FD offers various attractive promotions now to lure in those money. The only buyers would be those who buy for a needed to stay, with hope of reselling it as investment in near future. These mostly are middle class citizens, who happened to be the younger generation. Most of them are having troubles with the recent CCRIS PTPTN implementation, which could impact the housing market. Banks have started approaching people with cleaner CCRIS record to push out more loans, which is another clear sign of the theory.

Many young buyers have been stuck at the PTPTN CCRIS issue, you think the market is still strong?

Thanks Johny. Yes, I totally agree. We can use currency volatility to judge if we should accumulate. As currency becomes volatile (either up or down), the market would give Karex wrong valuation, so it is better to wait a little bit before accumulating. Say for Brexit, the market has valued it up to 2.4x over the last few days, which is too fast. Now it re-corrected itself and stabalised to 2.3x. The actual price increase for Karex is then from 2.2x (before Brexit) to 2.3x. I practice value investing and have so far been accumulating and not selling great portion of Karex yet. So I like to see the market re-corrected price to increase as we have now. Cheers.

I have posted new commodity charts to my blog at http://commodity-weekly.blogspot.my/. The MYR has strengthened to the pre-brexit value and rubber price remain low compare to 300 days historical. Still ok for rubber counters to make money.

I mentioned: "wait for the price to recorrect itself first before buying", now it is stabilized at 2.3x means this price is the true valuation of buyers on Karex current price after Brexit.

With a more favourable environment, CAPITALAND MAL.MALL TST. improves to Positive

CAPITALAND MAL.MALL TST. (MY), a company active in the Real Estate Investment Trusts industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date June 28, 2016, the closing price was MYR 1.56 and its potential was estimated at MYR 1.66.

With a more favourable environment, CAPITALAND MAL.MALL TST. improves to Positive

CAPITALAND MAL.MALL TST. (MY), a company active in the Real Estate Investment Trusts industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date June 28, 2016, the closing price was MYR 1.56 and its potential was estimated at MYR 1.66.

SUNWAY RLST.INV.TRUST reduced its risk exposure resulting in an upgrade to Positive

SUNWAY RLST.INV.TRUST (MY), a company active in the Real Estate Holding & Development industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Positive. As of the analysis date June 28, 2016, the closing price was MYR 1.66 and its potential was estimated at MYR 1.76.

Source: HLeBroking

SUNWAY RLST.INV.TRUST reduced its risk exposure resulting in an upgrade to Positive

SUNWAY RLST.INV.TRUST (MY), a company active in the Real Estate Holding & Development industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Positive. As of the analysis date June 28, 2016, the closing price was MYR 1.66 and its potential was estimated at MYR 1.76.

Source: HLeBroking

Karex acquisitions already is promising, now it is time to focus on operations management and enjoy the reaps.

@Bino Caka You really think by playing export counter we really do not have any holding of LIIHEN stock? You spend the whole life buying only ONE export counter(S)? Furniture is one, rubber is another. If A does not perform well, we sell a portion of it to buy B, not totally quit and jump boat (or pot).

Nothing to worry about. Both are rubber players and Malaysia has a niche in this area. It is better to be specialized, so Karex win in this regards.

So sooner or later, rubber product giants would try to move to this business, which is a golden niche for them to capture. Karex now and in near future/decade would still be the major player in this area. That's strong enough reason to invest in this company :)

Thanks!

Yesterday today same 2.41 Karex plats well this week.

Topglov in cdm if even possible, will only be a minority player.

Exciting, got a news link to share?

Yes. The bonus split would definitely pull down your average price per share. Even if the price sustained at 2++ you still earn a good fortune.

I calculated steps of prices and still in successive buying/accumulating mode. The technique is described in the 5 minutes investors in investopedia, although I made some modification. I will trend follow it as long as the price ranged between 1.++ to 4.10

Karex has the largest share of the supply of cdm in wirld, and cdm is an item of need. Securing customer is not a problem at all. It has easy access to rubber too. The only thing you should concern about is whether the management has been adopting efficient business development plans. This Karex has shown many positive track record in the past already. It is no doubt a value pick.

Yes steel price is up now.

Agree. Thanks.

Well it is an easy pick for trend trading. Everytime it hit a targeted price above, buy more units costing the same amount of money as previous buy. Let say spending RM 1000 for every accumulation as it trends up. Sell when it falls till the nearest last price position. This technique is also described in the 5 minutes investor tutorial in investopedia.

Lol, can wait a little until the market recorrect itself first. We cannot ride on the trend of contra players if we are to do long holding.

Currency not good? Read newspaper link I posted above.

+1

That would be great.

USD continue to climb
http://commodity-weekly.blogspot.my/

+1

Agree. The market itself normally will do some correction after contra kaki set off. After some days the price may become stabilized, and that could be closer to the valuations of the buyers in general. Buy at that time if you are rather risk adversed.

出口股成脱欧大贏家　高息股最佳避风港
http://www.orientaldaily.com.my/business/cj200017308

The increase in the purchase would demand higher volume at the downstream supply, where Karex sits in. Revenue would increase proportionately, and because of the USD's higher valuation, profit would be higher too.

出口股成脱欧大贏家　高息股最佳避风港
http://www.orientaldaily.com.my/business/cj200017308

联昌国际投行建议UOA发展，马银行及杨忠礼集团，以及雅饰房產信託。马银行投行则看好投资房產信託股（REIT）及建筑股。

出口股成脱欧大贏家　高息股最佳避风港
http://www.orientaldaily.com.my/business/cj200017308

联昌国际投行建议UOA发展，马银行及杨忠礼集团，以及雅饰房產信託。马银行投行则看好投资房產信託股（REIT）及建筑股。

出口股成脱欧大贏家　高息股最佳避风港
http://www.orientaldaily.com.my/business/cj200017308

肯纳格看好的高息股为子母牌炼奶（DLADY，3026，主板消费股）、国家能源（TENAGA，5347，主板贸服股）、大马喜力（HEIM，3255，主板消费股）和双威房地產投资信托（SUNREIT，5176，主板房產信托股）。

出口股成脱欧大贏家　高息股最佳避风港
http://www.orientaldaily.com.my/business/cj200017308

出口股成脱欧大贏家　高息股最佳避风港
http://www.orientaldaily.com.my/business/cj200017308

Good justification. Olympic is surely a good point. Zika is transferred by aedes mosquito common in tropic region, and once committed could transfer to others via unprotected sx. A strong enough reason to practise safer protections in Brazil.

If you have a suggestion on what other TA to add to the chart please let me know. I am now just using SMA 10, 20, and 50 to briefly display the trend pattern. I can program other TAs too.

Hi Shadowheartz thanks for your comment, I'll try work on it this weekend.

It depends on metal price forecast; when the metal price get higher, stock traders become confident with the company's stock and started to buy in or accumulate) in hope that they would yield profit when the price peaks are reached. That would push the price up.

You are right about speculating the next quarter report, if there is no retail stock trading activities around, the price would not move up. But when the iron ore price increases, speculators would definitely start to do that because of the expected profit the company would yield. Talking about steel maker, Ann Joo is definitely one of the best player in the field you can watch.

You're welcome! :)

Most likely is because the possible rebound of palm oil price, I posted the chart at my new blog here:

http://commodity-weekly.blogspot.my/

As you can see from the data, rubber price is low now.

Hey I'll post weekly commodity price on my new blog, to make it clear and transparent for us to access relevant prices while discussing our counters such as Karex (rubber, USD/MYR conversion, etc.)

http://commodity-weekly.blogspot.my/

Hey I will post commodity prices weekly on my new blog, intention is to make it transparent and easy for us to access the commodity price while discussing our counters such as Karex. Let's keep the discussions going.

http://commodity-weekly.blogspot.my/

Yeap, the impact is totally outside of Malaysia. Uchitec business with, I.e., Bosch has no relevance with the current UK changes. As the USD may rise, we expect Uchi's current contract gain would increase by value. The EURO currency would increase in value too when the industries, in the worst scenario move back to Europe.