The pullback isn't as strong as expected, flushing out the contra players.

Uptrend shall continue.

To recap, TAANN is a palm oil player and a major Sarawak timber player

2 sector exposure in 1 stock.

The previous fair value hit to Allianz was due to rise of INTEREST RATE, not rise of OPR.

Rise of interest rate may, or may not be due to rise of OPR

Allow me to illustrate

Let's say BNM cuts OPR from 1.75% to 1.50%

HOWEVER, the MARKET may perceive that Malaysian government bonds carries a high risk (be it risk of default or risk of weak forex etc)

Hence, the market will SELL DOWN MGS, causing YIELD to go up

Eh eh eh sorry sorry sorry

Mabuk FMCO dah XD

5% dividend yield palm oil counter with growth, takut apa?

KFIMA and TGUAN, 2 totally different creatures.

Why don't you compare BAT, UTDPLT and UOADEV with TGUAN la if wanna talk about dividends? Haiz...

Allianz holding a lot of MGS, Malaysian Government Securities a.k.a. bonds.

When OPR is cut, fair value of existing MGSs will fall.

I explained it in detail the reason and mechanism for this fall in this forum thread, go dig my post a few months ago and read for yourself.

Wah auditor, why today BAT so strong

Another OPR cut will impact Allianz negatively again

TGUAN is now my "HOLD" share

Will hold until the dividend yield becomes lower than the worst FD rates.

@auditor

WFH is terrible

At office, you can have some document on hardcopy which you can scribble on and can check against documents/info on your computer screen.

WFH...everything on the screen. Have to switch between windows all the time. Very pening...

How could you...I'm still loyally holding.

auditor is promoting BAT now

hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha

Ini cerita bodoh dari armchair investor

https://www.reuters.com/world/uk/kpmg-faces-call-record-fine-british-accounting-watchdog-2021-06-21/

Steady je...investing is a cruise, not a race :)

So many armchair investors/traders talking here...

1. Chairman and Directors of a company DO NOT get involved in the day-to-day operations of the company. Say, if you go ask them about the suppliers or even customers of the company, except maybe the biggest/main ones, probably they do not even know about them. Board is looking at things at a high level, they are not sitting there in the office daily looking at the running of the company.

2. Now Serba is talking about things like customer/creditor confirmation, address of supplier/customer, all these are operational/accounting/admin matters. My directors do not get involved about such matters. If auditors go to my Board, saying that they could not locate my customer/supplier, chances are they gonna get shoo-ed away. 1st thing that my Board would ask would be, "Have you tried to iron out these matters with the accountant or finance director?"

Bravo!

Yes, I said this time I'm holding, no longer gonna trade in and out.

The amount of negativity and trolling here is remarkable

As if talk bad on a stock, it will tank by all the negative talks

LOL

Keep for yield, capital gains treat as windfall...

Ta Ann at this price is okay to buy

But no big boys a.k.a. funds to push up the price

@alibiii lumber prices recovering...

@Lanmum the new Value-For-Money brand under BAT umbrella, KYO is not bad, but I don't really like charcoal filtered cigarettes. I read from the analyst reports that it's doing not bad. RM12 brand.

Dunhill RM17.40 expensive

But if u read other analysts' comments, BAT is gaining market share too at the mid-low segments.

And don't say expensive, smokers are not known to trade down i.e. lost job or reduced income still will smoke and stick to their fav brands

I cut down on food I cut down drinking yet I still smoke my RM17.40 Marlboro reds

Eh, today seems interesting

hahahaha see! that kelvin mari, terus tenggelam XD

@Hustle I beg to differ.

I'm a value, fundamentals-driven investor and I've been growing my money with Bursa stocks at 20% CAGR/IRR (dividends included) since 2013.

Hahahahaha

Now u people believe me?

Past losses is IRRELEVANT

What matters is future EXPECTED value

Assume as if you invest RM6,000 in Serba at 55.5 sen TODAY.

Thinking about the past losses is pointless.

Say, u invested RM10,000 in Serba

Say, the value of your investment dropped 40%, i.e. left RM6,000

In finance, what is past is totally irrelevant, i.e. the 40% ALREADY LOST.

Now you have RM6,000 worth of Serba shares, valued at 55.5 sen per share.

THINK, at 55.5 sen, what is the potential for further losses?
THINK, at 55.5 sen, what is the potential upside?

The RM4,000 that you already lost, is not relevant.

Think future, not past.

This is how you should evaluate investment decisions.

@hok95

Little/negligible effect

Solid Industrial REIT

But BAT is a totally different creature to auditor's previous call TGUAN

TGUAN is a growth story

BAT? Hmm...of all the people I know, most still smoke traditional tobacco. E-ciggies acceptance among my friends, not many. Less than 5. XD

i3lurker is just a troll

Big fall after announce FMCO. Now seems decent to enter. Furthermore next week ex dividend 21 sen!

@Lanmum, for example, IBs punya TP for TNB is always way above traded price

And when you look at the fundamentals, and current economic climate...

When things are normal, all people go to work, residentials consumption go down, commercials and industrials consumption go back up

Now FMCO, many people WFH, the situation terbalik

Some IBs got vested interest (they want u to buy to push up price)
Also, some IB analysts are armchair analysts really

I'd rather buy BAT with generous dividend payout, and little to no capital expenditure requirement. At least I'm assured that the dividend is sustainable

No smoking? People will always smoke wan la!

Stay at home, bad economy, lagi mau rokok lebih! XD

@auditor I love you

I'm getting into BAT with you today

UTDPLT has one of the highest yield of all planters. Super well managed plantation.

Hmm @auditor, 5.94% yield at current price, quarterly dividends. Interesting...

But no growth to be had here la...

Volume thinning, good sign.

Means bottoming.

@LossAversion invest is to make money

You wanna talk ethics about investing meh? XD

Btw I smoke Marlboro, Philip Morris Malaysia not listed so cannot buy hahaha

BAT? Hmm...used to be one of the bluest of blue chips.

Auditor looking for dividend yield? BAT is not a stock that I foresee any meaningful growth.

calvintaneng is here TAANN sure won't go up hahahahaha

See how our baby slowly and steadily climbing up today

@bilisutara anyone who personally dealt with auditors will agree with me on the following:
1. Yes, some auditors are really kayu in the sense of they really strictly follow bullet point checklist, tak tau pusing to suit real world/biz conditions
2. Yes, you WILL encounter gung-ho auditors that are damn eager to look for fights and not listen to accountant/management explanation

Yes, finally announced our fat divvy!

Don't trade Serba with margin. U might get burned.

But if cash upfront account, the risk vs reward is worth it.

Just my 2 sen.

Labour shortage issue is very real bro

But at the same time if u read the management commentary of some of them, this pandemic is the perfect opportunity/excuse for them to start innovating, i.e. start reducing dependence on labour

In the long run it will turn out well, just give time

Okay la don't talk other stock/sector liao, nanti ada orang marah hahahahaha

@Lanmum actually I buy his opinion on palm oil stocks

But just dunno why while fundamentally sound, the prices just won't go up, but down

Hahahahaha we cantonese call this - "mulut burung gagak"