It's in an oversold territory. At current price owner embarrassed. Become cheap stock !!! It's supposed to be under radar screen of institutional and foreign investors. Manufacturing also in China. Also recently got pioneer status renewed. Good connections. No corporate tax. Become profit. When RM 3.20 make good profit. Now RM 4.20 - how not to make $$$. Exports to US in USD. 100% export company. True blue chip :-)
i did some switching. take some profit from MPI (thanks to my low cost) and play arround. this kind of monkey market, buy and hold is no point. but MPI n Panamy still my biggest holding.
Despite seeing profit burning away each day, I am still with you. I lost direction together with MPI. I always believe its eps and dividend will grow significantly comparing to last year and these are the main reasons I hold on to it although with profit draining each day.
Contradict to your name, you sound very smart and cautious. You must be a successful investor. Must be plenty of things can be learned from you. Nice to see you. Happy investing. Hope to see again.
Recent weakness could be due to falling demand for electronics caused by serious slowdown in the economy of US, Europe and China. Also the perceived crash of the US dollar and the crash of the US market are very threathening indeed. Lastly the recent strengh of the Ringgit also plays a part. As for me I've sold off almost all of my holdings recently. May consider reinvesting in this counter again when macroeconomy and fundamentals strengthen again in THE future. Take care everybody. Tq.
bsngpg, my name seems opposite to "smart n cautious"? how ah? i m interested to know. by the way, MPI still my major holding but i wont add more even it drops below 7 cause i m afraid semicon circle may be over.
Hi lching : the first msg (25/3 14:26) was a response to you. The second msg (25/3 20:36) was a response to forumer named himself as "Sostupid" who has removed his comment after my response.
About MPI, I have the same opinion as you that I won't add more too. However I will not sell too, I believe MPI will distribute much higher dividend this year.
About SKPRes : I have bought back at 1.25 on 22Mar16. In fact I am still in buy queue to get more at low price.
I recouped some of the lost profit lately thru GKent and property counters which are my heaviest holding.
Almost half of my holding is in property counters. Bcos I love div and property counters give very high div yield.
I have no luck in plantation. I tried couple times but each time ending with loss. Therefore right now I hv zero plantation. I personally think plantation will go up significantly not later than May as the good earning from El Niño will be reflected in QR in May.
I almost bought son of muhhibah-Farvo last year for its div. Since I have big fear on O&G at that time, thus I hold back from Farvo else we would have another same counter. Do you still hold any GTronic? In fact I added some b4 ex-dare of 9 cts div. Although RM is strengthening which is unfavorable to GT, I am still attracted by its high div yield and growth prospect.
Why I bot GKent? It is bcos of its div policy at 50% and bright growth prospect especially if Father of Donation who is Buddy of boss of GK is still power.
i hav no luck on property stock but my luck on plantation is quite okay. having saying that i miss this round of cpo run cause too heavily stuck in export counters. the strengthening of ringgit will cap the cpo price so i m still watching. i like and still keep an eye on KMLOONG n MKH.
I bought GTRONIC n MPI, later i sold off all GTRONIC and switch to UNISEM. I think the prospect of GTRONIC product is not that good compared with MPI n UNISEM.
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....
domperrier
352 posts
Posted by domperrier > 2016-02-02 15:27 | Report Abuse
Sold the last 1/3 of my position @ 8.39 (!)