By right today should be profit taking day, esp cos today is Friday.

Just hope maintain above 1.00, which I think should be attainable, momentum so strong!

I'm selling half at 1.14. See can match or not today hehehe

@RAYDALIO_MALAYSIA don't rate me too highly...

I have my losing bets too, I'm still losing money on Tenaga and Allianz. But no problem I'm holding for their dividends.

Dividend investing is boring. I'm only lucky with Genting and MMC.

@Stockisnotfun you forgot MMC hehehe

@wehcant I agree partly and disagree partly.

My definition of "goreng counter" is stock of company that don't have proven track record, suddenly announce "we got vaccine plan" or "we signed JV/MOU with who and who to do what and what" then the market go goreng it.

MMC does not fit any of the definition above. :)

I might sell off my profit and let my capital ride on. As at today closing I profited 27%.

Janji don't fall back below RM1.00 I'm happy.

I don't want it to fly too fast too! I got i-Sinar money coming, I still want to top up MMC if the yield is still attractive (above 4.0%).

caveat emptor!

I don't wanna be labelled as KYY 2.0 hahaha

At least another 20% upside before exiting. Buy, or HOLD!!!

If maintain 4.5 sen, RM1.20 exit price

@Joker123 port listing don't concern me

I'm only interested in the dividend yield

Last year 4.5 sen

I "THINK" this year might have 1.5 sen + 4.5 sen = 6.0 sen

If my guess is right, exit price is 3.75% yield, i.e. 0.06/0.0375 = RM1.60

@Hush77

CORPORATE NEWS
Friday, 23 Oct 2020

BERITA/SPEKULASI LAMA!!!!!!!!!!!!!!!!!!!!!!!

hahahahahahaha enjoyed having u here as always

just enjoy your 4.5 sen p.a. dividend from MMC la :)

Steady steady, don't sell, let it ride up still...

For the sake of our friend taitaiwong, let it close near 1.10 today!

hahahaha taitaiwong is back!!!

So, you recovered how much of your past losses liao???

Your cost if RM2++ I remember hehehe

@kinuxian nice one. If you not comfortable and/or got other investment ideas then it's your call to exit MMC :)

Fuiyo 1.03 pun tersentuh

Wah seh...........................

Btw where is that guy taitaiwong that always scold when people talk about MMC? Hmm...

@wallstreetrookie a penny stock company that only sees occasional quarterly profit? No thanks.

We prefer stock that we can put in freezer and sleep soundly while enjoying the dividends

My profit 23% already hahaha

Damn, so irresistable to take some profit off!

Anyway not reducing my holding below RM1.20! Reminder to myself! :P

@wehcant what u mean?

Aiyo, ripe to break RM1.00

Why u guys wanna run so fast

Let's hope that tomorrow our buy/sell orders would be at multiples of 1 sen, no more at half sen anymore :)

Investment lessons -

You can never catch the bottom. Just be happy to buy NEAR the bottom.

You can never maximise your profit by trying to sell off at the peak, you won't know where is the peak until it starts to reverse. Let your profit run!

Wah geng ah! So early already breached 94 sen

Just to add one more, no. 3:

Furthermore in my investing experience I learned a lesson - NEVER sell a stock that is still uptrending. Sell only when it is starting to downtrend and
1. You have made enough profit from it
2. You are not very optimistic on the ability of its future profits to inspire further uptrend
3. When you sell, you have other investment ideas to deploy your money. Sell off and place the money in FD/bank? No. If profit outlook is still good, just stay put and wait it out and enjoy the dividends in the meantime

@BULLBULL_BULL aiya, I repeat, I'm a pure FA dividend-focused investor

The only time I see chart is to see where is the artificial "support" points are so as to time my entry. I totally dunno how to read price-volume trend punya...

Furthermore in my investing experience I learned a lesson - NEVER sell a stock that is still uptrending. Sell only when it is starting to downtrend and
1. You have made enough profit from it
2. You are not very optimistic on the ability of its future profits to inspire further uptrend

Hope this helps. Just sharing my investing philosophy

If any of you are interested you may click my profile and see my portfolio, they're all divvy yielding counters. :)

@huatlo I don't read charts, I'm a purely FA investor, investing for dividends as passive income.

@Keyman188 yeah

I also tempted to buy some AmBank. Current price is a steal!

Waiting for my i-Sinar money now XD

@SandCoffee

Interim -
Dividend that is announced during the year, usually before full-year accounts are finalised, hence, "interim".

Final -
Dividend that is usually announced after full-year accounts are finalised. After this, no more interim dividends to be paid of of that year's profits.

Special -
Why the word "special"? Let's say a company like MMC, past few years it always pay 4 sen per year. So, it will have created some sort of an "expectation" in shareholders that the 4 sen is to be anticipated out of annual profits. Let's say in 2020, the company got some wonderful profits, which it is not reasonably confident that will recur in the foreseeable future, yet it intends to reward its shareholders with more dividend. So, it might declare 4 sen "ordinary" dividend and a "special" dividend of 2 sen, total 6 sen dividend.

But, if the next few years, management feels that 6 sen a year dividend is sustainable, they might decide to raise ordinary dividend to 6 sen a year.

Ordinary dividend creates expectation.

"Special" dividend is a way of telling shareholders, "This is only one-off, please don't expect it to recur ya..."

@moneycashrich +100

A liar will eventually fail to cover his tracks

Oi pakcik! What happened to your "last sermon" pronouncement? XD

@Stocksafeplayer

A good company MAY NOT be a good investment
A bad company MAY BE a good investment

It's all about the entry price!

Off topic a bit

AmBank kena bombed so badly

Buy and hold now is a good price to enter!

I believe a listed company is under no obligation to declare dividend, and if any, by any particular date.

It's all board of directors' prerogative.

Mexico plant operation could be disrupted, hence results may take a hit.

@Tobby +100

I would prefer directors to reward shareholders by returning the excess cash as dividends than to go fight short sellers by doing share buybacks.

If your stock is really quality, the short sellers will tergigit diri sendiri, because other investors will come eat up their selling, knowing that this is a dividend/cash cow stock.

I very damn suka this post of mine (yeah I went to kacau a Supermax discussion hehehe):
https://klse.i3investor.com/blogs/bursainvestments/2021-03-02-story-h1541975241-Supermax_Trading_at_Forward_PE_of_3_3_While_Sitting_on_RM3_56_Billion_C.jsp

Covid-19 is supposed to end in 2022 or latest 2023 (my wild guess).

Give you guys an analogy.

Buying into glove stocks now is like buying Mercedes F1 team but with the FIA freezing development of its chassis and engine.

So, maybe you will still sapu 2021 and 2022 championships, because your current car is damn good.

But, what about 2023? You buy a team that will almost guaranteed to win you 2 championships but with the future beyond 2022 murky?

Covid-19 is supposed to end in 2022 or latest 2023 (my wild guess).

Give you guys an analogy.

Buying into glove stocks now is like buying Mercedes F1 team but with the FIA freezing development of its chassis and engine.

So, maybe you will still sapu 2021 and 2022 championships, because your current car is damn good.

But, what about 2023? You buy a team that will almost guaranteed to win you 2 championships but with the future beyond 2022 murky?

@SandCoffee check back previous trend la, always announce in mid-late April

https://klse.i3investor.com/servlets/stk/annent/2194.jsp

@wehcant TP/exit price of RM1.20's yield of 3.75% also comparable to Westport's too

@wehcant assuming 4.5 sen divvy as last year

My targeted yield 3.75%

0.45/0.0375 = RM1.20 TP i.e. exit price

Don't be overly optimistic la. MMC borrowings so high, I'd rather they maintain 4.5 sen divvy then pare down some borrowings.

@ali baba meaning it is nearing the trough already

@Keyman188 I scared liao, TNB punya swing can be quite scary huhuhu

Now I just buy and hold, close eyes wait for divvy

@Keyman188 you are so lucky to have such low holding cost

My average cost is 10.35 huhuhu

@RAYDALIO_MALAYSIA my have 2 balls but they ain't crystal

I cannot tell the future

I holding both Genting and MMC and not gonna reduce position in both anytime before the end of Covid-19

Dividend announcement will be the next catalyst.