Bought 5,000 BJTOTO @ 4.130

Time to buy some BJ stocks. BJ* stocks have been in the downtrend ever since the ASCOT deal was pullback. The new IPO BJ retail  has fall below IPO price. BJCORP also badly hit.

Amongst all the BJ stocks, unclepicks is picking up BJTOTO:

Good side:
1) Supreme toto has gone up to $32 millions. highest of all time. This should generate lots of revenue.
2) Stock price, drop from 4.6 to 4.1 recently. Low volume. People are not interested.
3) High dividend payout. taking year 2008,  25 sen ,about 6%
4) VT is buying back.
5) Defensive stock.

Bad side:
1) 6% to 8% tax increased.

FAVCO deal just on time

link:
FAVCO, another RM106m deal

After a good run for SCOMIMR recently, FAVCO is next to perform with RM106m deal.

No doubt, the current market sentiment has improved. DJIA is doing quite good at the moment with +188pts gain.

It will be superb if the rally can sustain over the financial reporting month.