Bot In SUNWAY & BUMITAMA

There goes another week :) well, 2 actions this week, as per previous post, i had selected property counter & CPO counter that i want :), so they are SUNWAY and BUMITAMA.

Bot SUNWAY @2.74 on Tuesday as below:

 

 

So why SUNWAY?? well, Q2 EPS is @20cent, so lets say i chop 25% for annum EPS ended @30cent, the PE is @ 9.1, it is low as compare to other competitor such as MAHSING, SPSETIA, UEM, most of them is at PE ranging from 12-22. so taking average PE of 15 30cent x 15 = $4.5!! wow, more then 60% return! another benefit is the Q2 NTA is @$2.9! premium of about -6%, tu dia! For her price, it was traded @ 75% lower from 52Wk top already, so instead of waiting it to go to 52Wk low, i should grab my self some of it.

The only concern i have over SUNWAY is the DEBT. the debt ratio is ~0.53 while the DTE ratio is 1.23 which is higher across the sector. well, it had issue a 1:3 right issue back in August and had brought down the gearing from 0.53 to about 0.3. phew.. And with the projects on hand especially at Iskandar, Singapore and China, looks like the future is there, just the metter of time. The recent share price dip is likely due to gov activities to control the property price, but in overall, SUNWAY financial is still running good as what i can see. Today it was closed @ 2.66. I'm planning to enter another 40 lots if the price fall further more, lets see :)

As of CPO counter, i had bot in BUMITAMA, this guy was listed on SGX only on April 2012, consider a newbie for SGX, Singapore have only a few of pure CPO player and most of them are having land in Indonesia, with the considering of cheaper labor fee, that makes me enter SGX CPO counter instead of KLSE. i had bot in 50 lots @S$1. will post in more detail on this stock when i have time.