bought biohldg 700 unit @ 0.29. price at support. upside 27% vs downside 3.4%. healthcare theme supplying supplements to china recently bagged 2.1 bil 5 yr contract. however margin not impressive 3-5%. exit if breach 0.275
bought tecfast 0.39 5000 unit. Niche industry cleaning rubber sheet for semicon equipments is cash cow 60% of revenue. Growing every year with increased sales to Taiwan and China. Net cash comp. Growth story on growing semicond industry. Current supplier to Tianshui huatian
bought JFTECH at 3.75 1000 unit MA support. test socket for mobile phones niche industry. growth in profits post lawsuit for coming QR. PE has reduced from 126 to 96 (still high will monitor coming QR results)
exit supermx c96 at 1.10 12% profit. same reasoning plus fibo chart breaking trendline however in retrospect could have calm my balls down and not check the prices too often. bad bad.
bought TGUAN at support. Big retracement plus resin price stablized from Dec 2020 high. Plus not using many spotprice resin for current production. Growth story still intact with increased production line to cater for SF and courier bag. ADD.
bought TGUAN at fibo support 2.05 and heavy selling. shipping problem resolved for now (ref: alvin ang interview) but raw material price still up (claimed to do hedging on this). Growth story still intact but wait n see on myanmar junta siege effect on newly invested factory (30-40m). Long term story still intact
sold tecfast in 2 batches into spikes. @0.455 and 0.575. loss 8%. diversifying from cleaning sheet business to oil trading and others. scuttlebutt info that cleaning sheets are not unique and easily replicable (no moat?). perhaps the reason why not expanding to international space?. sell at loss
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hariharikais
94 posts
Posted by hariharikais > 2020-07-29 09:47 | Report Abuse
expiry 29 months