Settle all my ULI @ 1.68

I had disposed all my Ulicorp share on hand since yesterday with average price of 1.68, total gain from the counter is about 52%...LOL

This is today's disposition

 I decided to dispo all the ULI now with 2 reason:

1. The volume become lower and lower for pass 1-2 weeks, thus the share price have no more momentum to move up further. Indeed, this is normal after it climb from 1.09 until now..

2. The 5 days average line had make the U turn to move down and 10 days average price start to be flat. Although this is just an alarm signal, but with the uncertain of the BNM meeting result, I decided to cabut.

3. Market is a bit high now, and BNM had announced to OPR, it's time to stand a side and decide my next move.

Alright, after disposing ULI, my main counter in my portfolio remain as CHINA POWER (35%), MUDAJYA and FIAMMA (18% each). Cash vs share is 30/70.. Looks a bit high... Haha

I will be looking for any chance to reduce my holding of FIAMMA and swap to MUDJYA, comparing this 2 counter, MUDJYA haven't really move while FIAMMA had move a lot in pass few weeks, and the power generator business is more interesting as compare to property development and home use electric business, LOL!

Stock under my rada is WEIDA, AEON and glove company (haven't decide).. Might do some swapping here.. BUT!! Before that, let's stand aside and look at what the market do tomorrow with super big dip of US stock which is happening now and the impact of OPR increase... 

My Stock Investment Review for 2014 1st Half (P2)

Alright! what happen to IOIPG and Sunway?? i was entering Sunway on Nov 2013 and IOIPG on Feb 2014 after it IPO.


For Sunway, i had been buying it due to super low PE and price dip when gov announced the cancellation of DBS scheme. After holding for 8 months i decided to fully dispose it from my profile with 1 time dividend paid to me as well. Why??

 
SUNWAY had hit $2.23 once and trended down for the pass 1 month, what i see here is the impact of not enough volume momentum and the upcoming GST impact to propety sector is an unknown for SUNWAY, although in general, it should be able to hold the resistance of all this impact. my original TP for SUNWAY is $2.40, but as what i mention above, i would rather swap my capital to other counter which might have clearer view for next 1-2 years. In short term, it should be benifit by the upcoming hospital project, Inskandar project (launching soon) and the new theme park near Subang Jaya. Long term, it should be positive, but i'm not expecting something like >50% return on this counter, what ia greddy man :)

For IOIPG, i bot in this counter after 1 month of her IPO when her share price drop from high of $3.5 to $2.5. The reason i invest on this counter is the capital size and the reputation, however, i was over look by her PE @ $2.75 which is around 11. IOIPG having quite a number of property investment overseas, by looking at the property market in other country, it expose additional risk for IOIPG with the exchange rate and the uncertainty. Local project wise, it have some land @ JB and KL, but i do not see any selling point of IOIP property as compare to others. i decided to dispo it @ lower price after if come down @ high at hitting my 3% cut loss limit, why 3% for IOIPG? it is simple, the future is uncertain for property sector and IOIPG also exposing herself with the risk of overseas investment, with PE >11, i don’t think there will be high flying performance in near future for IOIPG. What i joke in my investment history, another example of taking action without proper thinking :).

Now, let’s talk about my investment strategy for 2nd half of 2014. It is simple:

1. Target to have 4-5 counters holding
2. Avoid property sector,
3. Looking for dark horse
4. Cash vs stock ratio of 20:80.

Buy and selling plan:


1. 10% for high potential counter and 3% for high risk high return counter.
2. Capital invested in a single counter should be more than 20% of my capital.
3. Buy in stage with additional entrance in every 3% price increase (until hit the 20% limit).
4. Start selling the counter when 10 days average price line start to turn down with no volume support.
5. Counter with PE more than 10, max PE = 12.


Now, i have ULICORP, LATITUD, FIAMMA, MUDAJAYA from KLSE.

ULI - Bot in early this year when PE = 7 at price of $1.09. This post is a bit late and now it is running at $1.66 on Friday, it is closed to double up d and the good thing is i learn from UMWOG and TITIJAYA that not to cut gain, so i still holding it, it is currently the 2nd largest counter in my profile. FA for ULI no needs to mention, it is solid, ULI involved in Investment, Cable support systems, and Electrical lighting and fittings, a pretty stable business. Since the increase in the price is likely due to goreng, so i will continue to hold it or start to sell in stage when: 1. No big volume >9mil in next 2 weeks, 10 days average price start to turn downward, PE between 15 - 18.

MUDAJAYA - I just started to collect this counter @ 2.51 with PE around 8, eyeing at her India power plant project. The share price still not moving a lot, so i will use this counter to try out my "3% enter once" strategy on this stock, see how it goes. Long term wise, it had committed with 75 mil profit per annual from the India projects, in short, i do not see any bad things on this counter unless her project delay again. Things to take note also on her profit earning on recent 2 quarters, it is low and i will need to find out why.

FIAMMA - I had complete my "3% enter once" on this counter with average price of $2.13 with PE of 8.+. FIAMMA is selling the home used electricity equipment and now it starts to enter the property market, while the key i chose this counter is the stable business of house use electric equip but with the property sector in the counter, i have no way but need to be more sensitive to any property related news in Malaysia. it is a highly recommended stop by 糊涂 and you can take a look on his comprehensive analysis on this counter on his blog page.

LATITUD - Furniture manufacturer, bot in this counter @ average price of $3.09, PE more then 10. i came to know this counter during the 越南排华事件, There is a lot of detail review and FA result comments of this counter in I3investor page. In short, this is a 龙头股, 3rd Q is a traditional low performance time for furniture sector but she is still performing, part of it is because of the privatize of her sub company, but excluding that, this is also an earning quarter and its better than last year. The overall business performance is also better then competitor. This counter should be performing soon after Vietnam case. However, this is a buy based on follow. Thus, I’m getting a 8% capital on it only, although i quite confident on its performance.