Truths Half Truths & Deceptions

Dystopian

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Kuchai The Cue To Buy

The real deal in taking a buy hold in Kuchai (2186) isn't this surprise dividend-in-specie gift of Kluang Rubber Co (2453) shares. It is about hoping that one day in a morbid wish that the controlling shareholder passes and the valuable gift of Great Eastern shares are given out.  Those with a penchant for buying extreme undervalued stocks in t...

Taking Stock Of US Treasury Rate Rise

Here is a quick take on the recent fuss (fear) in the markets over rising interest rates in the US based on this simple chart of 2Y USTs. Of course recent chatter and news have focused mostly on the 10s. The effects are more or less the same. Scary if it repeats the past as markets tumbled on each of the two occasions (Numbered 1 below). So, ar...

Is Government Behind The Price Actions In Tenaga

Tenaga (5347) price action in the last few trading sessions suggests that someone wants the price back up. Check out the opening price today - popped up to RM14.50 on small lot buying. No investor or fund would do this save for Government linked agencies. What is the agenda? If it is solely to bring the value back up to RM15 plus where it was be...

Star Media Political Survival Amidst Transformation Plans

Here is the report on Star Media (6084) that appeared in the papers this morning. CGSCIMB (China Galaxy Securities-CIMB) is calling Star a good buy for the sharp discount to its RNAV. It is a rather straightforward report but is well padded filled with compelling statistics to support the buy call.  You need, however, to factor in the usual cave...

Selangor Properties Will Minorities Accept The Offer?

To be honest, I am pretty glad to see a close to this story on SPB (1783). Owners are making a privatization bid. If it succeeds, SPB will no longer be one of those ideas that pop up every now and then on investors radar screens for its undervalued market price to book value.  My first post on Oct 10, 2016 calling a buy on SPB was simply on the...

Gauging A Safe Entry Point

Here is my take on how to manage one's neurotics either for those reeling in shock from the pain (losses) or excited by the bargains emerging (cash to bargain hunt). Clearly all hell appears to have broken loose in the equity markets. With global markets tumbling all around us like dominoes, it is easy to panic (sell or buy) as the sight of bloo...

MyEG The Charges Are Red Herrings

My thoughts on MyEG (0138) after my two weeks absence while traveling overseas. For perspectives, I called a buy in August several times followed by an eventual fair value limited upside call after the price surged last month (12 Sept)  Last Friday at limit down MyEG was clearly a trading buy opportunity. That was what I would have called out h...

Mid-Term Elections 2018 vs 2014

Courtesy of Oppenheimer Oppenheimer argues that the Put/Call ratio has hit such extreme pessimistic levels that it augurs well fro a short-term buying opportunity. It does not belive that downturn in market breadth (NYSE advance-decline line) has put in enough time to serve as confirmation that the top of the 2018 cyclical rally has peaked.  Jud...

Yong Tai Falling Knife Can Happen To Anyone.

Sometimes the fate of a stock's price is more dependent on the short term dynamics of the derating catalyst that sparked off a sell-off than fundamentals. It is at times like this that investors really need to pay special attention to whether the technicals at play will overwhelm buyers who defend hold positions by clinging on to fundamentals of...

Apex Not A Mercurial Deal Unless Land Bank Monetization Happens

If you have seen and read this news regarding Apex Equity Holdings (5088) bear in mind that the semantics about the rally is a little overcooked from a volume perspective. By my definition, a rally isn't a strong one unless it is accompanied by broad base buying, which we didn't see much of yesterday. A price jump on 370,3000 units is probably s...