Dear ongkkh, if you have spent a bit of time to study Panamy's dividend record for the last few years, you would know that special dividends declared were normally below RM 1.00. Since Dec. 1999, the highest was RM 1.85 and the lowest RM 0.23.
Most years, final dividend and special dividend add together is always less than RM 2.00, except for 1999 and this year, if I am not mistaken.
But it is still good dividend for the other years.
Panasonic 200-day average is 36.95 MYR, It traded below from Jan18 and rose above it on May16 and has traded above it other than July19. If it breaks 36.95, the next resistance sits at 33.01 MYR. Considering that if had bought this stock in mid Nov 2017 and held, you would have been rewarded with 6.3% dividend (assuming that you bought around 37 MYR - with 2.33MYR dividend). Bank fixed deposits for 5 year is less than 5%!!
In short, I agree with @paperplane (who obviously is a fan), if you are fortunate to own some, just collect your dividends and hold if for 3-5 years. You will be handsomely rewarded.
I can buy TSMC 17PE. I can buy Apple 19PE. I can buy Berkshire 11PE. Bayer 10PE. BrightHouse Financial 5PE. Synchrony financial 9PE.
If you sold your cheap shares for expensive PANAMY shares as everything goes down and gets cheaper.
I'm finding it hard to see a good outcome from actions like this. If you must, hold some cash, not PANAMY shares.
Buy at a pace you're comfortable with.
Don't be the general market who held mostly cash in 2008 bottom, and mostly stocks in 2017 peak.
Moat? What moat? Margin every year drop for the last 5 years. Profit not moving despite revenue growth.
Haier just bought GE Appliances you know. This aint Dyson.
Don't be scared now. You need to be aggressive when things are cheap and conservative when things are expensive.
Ask yourself, 5 years from now, are you going to wish you bought PANAMY, instead of the hundreds of discounts now. Airasia, Tunepro, PetronM, Mahsing, RCECAP, etc etc etc. Too many to list
====== Posted by paperplane > Oct 10, 2018 01:46 PM | Report Abuse
this stock really best to hold and buy in such time....
Posted by paperplane > Sep 25, 2018 08:22 AM | Report Abuse
Ya. This is the kind of stock to hold longterm Got moat
@Jon Choivo: Not everyone can afford to buy BRK.A or BRK.A, Apple (AAPL) trades around $220USD a share...Brighthouse financial is in the tank, 52week low... unless you have RM 250,000 or more! Realistically to own the kind of shares that you are recommending you need to have RM 1Million or so. The choice is you either buy penny shares in Malaysia or bluechip like PBBank, Nestle, Panasonic..etc. GE is in the toilet..
In the end, I think to each his own according to how much you have to invest and how much risk you are willing to take and your investment horizon.
Panasonic is a relatively conservative electronic consumer products company and has a strong brand name. A PE of 19.83 maybe a little rich but having said that, will you pay 20cents for a shocking pink shirt that was yesterday's favorite color? or will you pay RM20, for a cotton blue shirt ? Stocks are cheap for a reason - stocks have to live up to expected future earnings. So a forward PE would be more relevant as a measure relative to its potential growth.
right now some are quietly buying for the coming dividend. but I think this stock is well supported, fundamental wise, unless all quarters show a drop. panamy's price is solid too.
Well,apple is in Nasdaq,the cycle not at their favor. The stock price increase previously mainly due to active share buy back....And crook,sorry cook, has been selling his shares entitlement straight away. Why?CI tot he very confident on apple next 10yrs,not suppose to buy more with salary???Why well??
Tsmc in a sector where the margin will be lower and MKT share will be lower. It's not a consumer stock which got this thing call brand name.....Chips can be manufacture by anyone in future once the technical getting more and more lean
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
abbiepp
4 posts
Posted by abbiepp > 2018-08-23 10:58 | Report Abuse
Flyyyy panamy!! Best counter ever..