Look at MUHIBBAH's business
- construction and concession (Commodity is improving)
- crane and marine ( Oil and Gas, performed well)
- The lost on 4Q08 was a one off kitchen-sinking exercise
- PE ~7.5, cheap cheap for a company like MUHIBAH
- EPF collecting.
At a bargain price of 1.150, buy and hold :=)
With the purchase of MUHIBAH, my stocks vs cash ratio stood at ~23% vs ~77%. Enough for now.
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