Correction. Hapseng is a defensive stock by nature. It won't rise fast aka old man stock. It's a diversified stock in the first place. (plantation, property, automotive, trading, credit financing)
maxtbp86, I hope so but it's unlikely to be bonus issue. There are huge quantity of warrants to be converted into ordinary shares. from oct to yesterday, approx 1.5mil warrants converted into ordinary shares.
You can check on Additional Listing Announcement. Look for the latest paid up capital.
Hap Seng isn't a darling stock in my eyes when I first bought 3 years back. I know Hap Seng is an old established company. In these period, I have added my shares for 6times. I re-invest dividend & extra cash to average down the price.
2.70 will be 100% paper gain for me.
Most people know hapseng star sells benz but doesn't realise one economic moat. Hap Seng Star sold almost 90% Mitsubishi Fuso in East Malaysia. Google MITSUBISHI FUSO HAPSENG.
Plantation. I know nothing 3 months back but I found out a surprising fact. Hap Seng is major shareholder in Lam Soon. That's good enough for me.
Menara Hap Seng 2 is in construction. Let see whether a good recurring income is possible after completion.
For these above reasons, I will keep my shares even if I have 100% paper profit
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....
maxtbp86
119 posts
Posted by maxtbp86 > 2013-11-11 14:34 | Report Abuse
AGREED