Typical fund manager adjusting portfolio.

IJM already bashed down to multi year lowest level, reach hard rock bottom, only at the time fear selloff covid pandemic can match current lowest level.

Malaysia already on recovery mode, IJM is KEY BLUE CHIP stock for exposure to construction + property + plantation .

CPO price above RM 2850

Today is LAST day of selling, it will recover very strongly next week. IJM is KEY BLUE CHIP stock for exposure to construction + property + plantation

Removal from MSCI global index would likely mark a halt in selling. On 31st August 2020, IJM would be removed from the MSCI Global Index and funds tracking the index would sell the stock for rebalancing purposes. We see opportunity in this situation as historically, past MSCI removals such as IOIPG (28th May 2019), SPSETIA (26th Nov 2019) and SIMEPROP (26th Nov 2019) rebounded right after the MSCI rebalancing date. This phenomenon can be explained by the drying up of sellers and re-emergence of buyers.

Use full margin line, add maximum IJM at 1.26

add LCtitan at 1.79-1.80

bought IJM at 1.24-1.25

bought MNRB at 89-89.5sen

add more YTLP at 69-70sen

sold back supermax at 22.44-22.52

Recovery mode to be continue, if fully recover above RM 22, then, likely to challenge its previous high above RM 24 before ex-bonus.

Supermax is trading at cheapest valuation among top 4 and yet have highest forward EPS growth rate with its super OBM profit

Top 4 latest Q result, and assume roll forward annual profit

1. Top glove EPS = 13.59sen

2. Harta EPS = 6.49sen

3. Kossan EPS = 10.25sen

4. Supermax EPS = 30.58sen


Remark: Comparing profitability and PE valuation among top 4 glove maker

Supermax EPS is 2x higher than topglove,
Supermax PE is 18, about 2.6 x cheaper than Topglove PE = 48


Supermax EPS is 5x higher than harta,
Supermax PE is 18, about 3.5x cheaper than Harta PE = 63


Supermax EPS is 3 x higher than Kossan, PE is 18x lower than kossan 36x
Supermax PE is 18, about 2x cheaper than kossan PE = 36

Top 4 latest Q result, and roll forward annual profit

1. Top glove EPS = 13.59sen

2. Harta EPS = 6.49sen

3. Kossan EPS = 10.25sen

4. Supermax EPS = 30.58sen


Remark: Comparing profitability and PE valuation among top 4 glove maker

Supermax EPS is 2x higher than topglove,
Supermax PE is 18, about 2.6 x cheaper than Topglove PE = 48


Supermax EPS is 5x higher than harta,
Supermax PE is 18, about 3.5x cheaper than Harta PE = 63


Supermax EPS is 3 x higher than Kossan, PE is 18x lower than kossan 36x
Supermax PE is 18, about 2x cheaper than kossan PE = 36

Now, many chase up supermax, super profit

keep on breaking daily new high, very good sign on recovery

use all margin line, add all supermax at 22.20

bought back supermax at 22.18-22.20

sold back bstead at 68sen

add LCtitan at 1.8

bought bstead at 66.5sen

Ytlp upcoming Q4 result likely declare cash dividend + share dividend. YTLp current held almost 6% treasury stock.

Estimate cash dividend 3.5sen + share dividend 1 for 50.

add YTLP at 69-70sen

add more AWC at 38.5sen

bought YTL power at 69.5sen

bought AWC at 38.5sen

Locked all glove profit, keep all cash first

cut topglove at 26.24-26.36

bought back all topglove at 26.30-26.36

sold back all supermax at 20.70-0.80

bought back all supermax at 18.80

sold all topglove at 27.10-27.14

bought back all top glove at 26.08

sold back all supermax at 19.96-20.00

bought back all supermax at 19.70-19.74

sold back all supermax at 18.46-18.48

bought back all supermax at 17.60-17.80

sold back all top glove at 23.50-23.60

bought top glove at 22.38

cut all supermax at 16.90-17.10

2,524 new cases of the virus were reported by French authorities on Wednesday, the highest figure since the country introduced sweeping coronavirus restrictions in Mar

Raising coronavirus cases in several countries and new coronavirus restrictions on travel between France and Britain.

European states have seen upticks in infections since lockdowns have eased. Spain reported its highest new daily cases since its lockdown ended seven weeks ago on Thursday. Earlier this week Norway imposed quarantine rules on new arrivals after its cases last week hit the highest level since April. Germany has imposed compulsory tests for travellers from areas classed as high-risk after its cases exceeded 1,000-a-day for the first time since May last week.

Meanwhile the Netherlands has seen cases rise 55% week-on-week, and Greece reported its highest daily tally since the outbreak began on Wednesday.

I just notice current FD rate is just 1.6%. Favco dividend 15sen, yield at 7.3% is just too attractive return for company with net cash position. I expect Favco will announce entitlement date of dividend 15sen as soon it secure AGM approval from shareholder on 10 Sept.

Noted :D) long time didn’t check FD rate, now alrdy so low at 1.6% only. MQREITS yield almost 10% is too attractive in time of low interest return.

DPU 9.7% = triple higher x 12 month FD rate

MQREITS record impressive result, declare income distribution 3.43sen, annualized 6.86sen give dividend yield 9.7%, the highest yeild return among all stock listed in Bursa.

Use back margin line, add more supermax at 19.10-19.12

bought back all supermax at 19.10-19.16

sold back 62.5sen

sold back at 64sen

swap balance capital from FP group and JHM to hibiscus at 62.5sen

sold all JHM at 1.66