"learned and knowledgeable"? I am not so sure. Anyway, thanks for your compliments.
i am collecting Insas. I think it is undervalued. Nine-month net profit 131.520 million (increased 88.43%). EPS for 9 months 19.68 sen, NTA RM1.77. Share price closed at 1.18 today. It is the major shareholder of Inari and Inari's share price has gone sky high. Insas has moved from below RM1.00 to RM1.36 and turned back. Since it is making so much money, I believe it is a matter of time that the share price will go up.
The only thing lacking is Insas has not been paying good dividends. I hope it will do so after the full year financial results comes out in late August. Hopeful;ly one day it will fly like Inari. Cheers!
I just missed PW. I was observing it for some time but have not bought it. It was moving up slowly but suddenly it went up 24 sen today! NTA RM3.56 but share price closed 1.28 today. When I first observe it recently, it was 90+ sen. 1Q net profit 4.253 million (increased 222.93%), announced on 29/5/2014. EPS for 1Q is 7.13 sen. If you look at the price chart for last year, share price was moving up steadily on the average from 40+ sen to 80+ sen.
man, for the first time oka do not ease after moving up 15% n i have sold abt 50% of my position at an aver price of 0.93..difficult decision now to cover back if it does not ease..n today continues to trade at its all time highs..i wish i had not sold that much..this is where HOLD/add on to a bullish n fundamentally sound stock AGAIN is better than trading n hoping / attempting to buy lower..
We will never know when the share price will surge. Often at the most unexpected time! If it is a good counter, I will now hold instead of going in and out of the counter. I have come to this strategy after making several costly mistakes.
It will move up after some profit-taking. It is holding quite well today. Something must be in store in this company for the sudden increase in price yesterday with lots of transactions.
just a normal blip. .oka has risen 20% (0.80 - 1.00) after reporting impressive results..one can naturally expect some weaknesses thereon n it is also good for the longer term.. the director's sale only comprises 3.6% of the mkt vol. I have sold much much more than him at 0.93 but oka kept on rising to 1.00..so not an issue..he sold maybe to buy a few hanbags for his wife/girlfriend/buy a new car/ like anyone of us..he now has 250,000 shares which is also negligible..
You got a point there Ufis. I imagined OKA doesn't has the attention of the big boys. Otherwise, that dumping would easily triggered high speed trades to be ON and it cascades. Notice the gap down. It implied a herd mentality. Look at SONA last Friday, scary.
i have been accumulating oka in 3 stages i.e. before the split i.e.1.05 (.0.53 ), 1.40 (0.70) n 1.62 (0.81 post split price) n never sold. Only sold (50%) during the current run up at aver of 0.93 with a view to buy back at abt 0.85 n lower when it retraces..u can refer my previous post on what i did...
why i m telling u in detail is that the previous 3 upturns only lasted for 2/3 days n with relatively lower volume..This upturn is accompanied with much much HIGHER VOLUME n it already has been rising steadily for 10 days
the higher volume suggests that more interest has now been created..so it wont come down that soon n that easy as it used to be.. tho i hope it does come down (even tho i m still holding 50%) so that i can raise my position again..say at 0.93 n lower .. forget sona..its completely different n inferior to oka...oka has a well defined support level n shd move beyond 1.00 to 1.20..(bcoz it always make a 20% move after consolidation) maybe not in this round but surely in the next..otherwise i wd be happy to sell too at this level.. so if u happen to be in at 1.00 n the next few moves are not in ur favor..pick it up..look to buy more later say at my price target level n wait..
for me to buy at this level, i m not too sure..if i m really2 confident it is gonna go straight to 1.20 in this round, well, we will see..
but no worries on this stock, ultimately u shd be in the money..WHY? fundamentally sound n the technicals are so so superior that one wd be an idiot not to own it..
ckwan11d, i am not sure whether I can be considered "learned". One thing I am sure - there are many experts ("sifu") in this forum, much much knowledgeable than me. Muda is also a money-making company with high NTA 2.62 compared to its share price. The stock price has been going up steadily since the beginning of this year, from abt 90 sen to RM1.80! If you have bought it earlier this year, you would have made a lot of money! The return is probably better than OKA depending on your entry point. I did consider buying Muda before but opted for OKA (and Inari!) because OKA fared better in 2012. Muda's PE ratio was not as good as OKA. Also it paid little dividends. I saw better potential in OKA when I started buying it at the end of last year. If you are thinking of buying Muda or OKA now, I don't really know which is a better choice. Both have risen so much in price and no one knows how much more each can go in the near term. Both going to give 3 sen dividend, Muda in June and OKA much later. Dividend yield is better for OKA since the share price is much lower. With the same amount of cash, you can buy more OKA shares which means any upside will yield better returns (downside then greater losses!). Both are very good counters. Pray and then make a choice or buy both!
Rosetan.......I also have a lot of OKA. But the recent Q4 result number is presented based on before Bonus issues. SO the actual NTA,earning per share and Dividend amount is before bonus issues. 3 sen Dividend is based per share before Bonus quantity After bonus issues, Dividend is only 1.5 sen per share. Wait for next quarter result you will know the actual NTA, EPS and dividend % after bonus issues.
SHQuah, read teh announcement carefully, 3 sen is based on shares after the split. Since teh split is 1:2, NTA should be 1.80/2 = 0.90, EPS = 22sen/2 = 11 sen. That's why the PE ratio now is 8.94. See OKA financial info in:
I believe it will take some positive news to move the OKA share price to 1.20. Dividend news is old news already even though the ex-date is not announced yet. Share price can go up easily because not many shares compared to other counters, around 122m shares only after the split. Daily buy/sell queues only in hundreds or occasionally 1000-3000. Insas 693m shares - needs very high volume for the price to go up.
Thanks, ckwan11d, you are very generous with your compliments. I am very ordinary, just have an interest in the share market. Trying to use my research skills to earn some pocket money. Share trading is one thing I can do without affecting my work and other commitments. Hope we can all help one another to make money in this forum.
I am thinking of buying LIIHEN, P/E 7.06, DY 7.11%, NTA 2,43, Price 2.11. Also 60m shares like OKA before the split. 4 sen dividend ex-date 13/6/2014. Share price has gone up from mid-May 1.72 to now 2.11. Price charts for last 3 years show uptrend. Anyone has any comments about this counter?
If not mistaken, previously there is a news mentioned that Liihen involved in accounting fraud... And the minority shareholder ask very impolitely in the AGM, while the directors seem not able to answer his question... please research extensively... Latitude is the best furniture stock although the share price already shoot up quite some.. i believe it still potential...
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....
rosetan
944 posts
Posted by rosetan > 2014-06-09 20:31 | Report Abuse
"learned and knowledgeable"? I am not so sure. Anyway, thanks for your compliments.
i am collecting Insas. I think it is undervalued. Nine-month net profit 131.520 million (increased 88.43%). EPS for 9 months 19.68 sen, NTA RM1.77. Share price closed at 1.18 today. It is the major shareholder of Inari and Inari's share price has gone sky high. Insas has moved from below RM1.00 to RM1.36 and turned back. Since it is making so much money, I believe it is a matter of time that the share price will go up.
http://klseimoney.blogspot.com/2014/03/insas-deeply-undervalued-company.html
http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=I&securityCode=3379
The only thing lacking is Insas has not been paying good dividends. I hope it will do so after the full year financial results comes out in late August. Hopeful;ly one day it will fly like Inari. Cheers!