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Precision Cast Parts

http://www.huskyintel.com/2015/08/precision-castpart-warren-buffet-buy  archive

AABAR'S RHBCAP Rights Puzzle

Why is Aabar opting out of the rights issue called by RHBCap? Aabar's rights entitlement would cost it RM526m circa based on its 21.09% stake (545.91m shares on a 1 for 5 or 109.18m @RM4.82 a share). This is small change given its parentage (https://en.wikipedia.org/wiki/Aabar_Investments)  So instinctively I suspect it can't be an issue of fun...

2016 A Tough Year For Malaysian Property Developers

The Edge today highlighted the situation in the Nine Elms/Battersea Power property development area in the UK. The picture isn't pretty as if the figures reported is true, prices of apartments in that area fell 14% YoY. Such a double digit drop over a 12 months is in my opinion a crash. Given that property speculators love the leverage in proper...

FGV May Fall Further?

FGV's dismal share price performance since its listing is painfully clear for shareholders but its outlook is not all that rosy either. As you can see from the table below, analysts are generally holding on to their horses and guiding for only a HOLD for now.   http://klse.i3investor.com/ptservlet.jsp?sa=pts&q=FGV Personally I feel that FGV...

TMS's Big Volume Churn

TMS is one of those stocks which have languished for years. Ironically its main business focus is on online shopping which is quite a thing these days. Still, signs of it waking up from this long slumber began sometime last year as finally a concrete transformation plan was put in place. You can see the changes to the fortunes of the company in ...

A Pause Or At An Inflection Point

Asian and European markets have responded very positively to the surge in US markets last night. At the time of writing, European markets are up across the board. The driver of this turnaround lies in the very strong warning by the World Bank or rather its chief economist, Kauchik Basu, who warned that a rate hike by the Fed could send markets i...

ECM A Better Buy Now

When ECM announced its capital repayment in early June, investors re-rated the stock upwards - with 88 sen cash and a special dividend in species worth 32 sen, the price jumped up immediately behaving in similar fashion to such corporate exercises. Unfortunately the initial exuberance proved a bit too heady and since then coupled with the worldw...

Trusting and Capitalizing on 61.8% and 75% Lines

FBR lines are pretty easy and reliable lines to use for capitalizing on sharp downturns in prices. Attached below are two - one at 61.8% and the other 75.0%. Two names which would ring a bell or two for most investors  Coincidentally, the KLCI bounced off its 61.8% the previous week as selling climaxed, at least from where I sit, there is this i...

Is RM3.70 to USD The Right Diagnosis?

Dato Seri Nazir yesterday said the Ringgit is undervalued by 10% if the bank's analysts are correct. The latter's calculations are based on trade weighted, a common theoretical method for determining fair or parity rates between currencies of countries. But then again, by this method, I am pretty sure almost every thing is undervalued. As unfort...