KENANGA remain selective in our picks and prefer players that are less vulnerable to the weakening MYR with targeted customer base in the middle-income to high-income bracket that are less sensitive to the rising cost of living.
In our coverage universe, BJAuto best fits in this category with investment merits backed by its: (i) Superior growth prospect from low base on the back of strong pipeline of exciting models. (ii) Margin's expansion on the back of favourable exchange rate (with huge exposure in Yen) as well as lower import duties. (iii) Potential dividend payout of 56%, which translate into c.5.2% dividend yield.
Bjauto is good stock to look into. Correction price only provided opportunity for ppls to buy. For EPF, they are smile lah cos able to collected at lower price. Aren't u?
don't expect syndicate to push up this stock for you to run. hold until crisis then u sell they will buy in...that is they initial plan , tell you good bonus and good div for you to catch their balls...
even market situation not so good but bjauto perform below market expectation... look at magnum , how bac the market is it still hold above rm2.60, look at zhulian srtrong support at rm2.04, look at bjauto almost drop 10cents every day, who say this counter good ?
last time winson Tan also player small fished backside, from rm2.30++ drop to rm0.15 cents...becareful guy winson tan always cheating small share holders l
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....
rocky49
66 posts
Posted by rocky49 > 2015-07-03 07:29 | Report Abuse
Downtrend after dividend 2.74 -0.06