BOUGHT 5,000 MUHIBAH @ 1.150

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.

BOUGHT 5,000 SCOMIMR @ 0.575

 

SCOMIMR quarter results posted yesterday. Let me explain this in layman's terms.

Look at the quarter report:
NTA -> Company Asset -> all the way up 1.22 to 1.40 -> larger company now compared to 3 years ago
Quarter repot -> Profit -> Improving 1.45 to 3.48  -> making more $$$ now compared to 3 years ago
Revenue -> Total Sold Products -> Sustainable -> business as usual for the last 3 years

Look at the 5 years chart:
SCOMIMR has nothing change, but improving.
Let's do a simple math. Let's target in the next 5 years, what will be the price for SCOMIMR?
We can simply take the highest minus the lowest from the past 5 years chart (2.7 + 0.3) /2 = RM 1.50

Well, the above is just a quick scan through for a pontential good stock. :=)

Uncle picks calculated the Target Price, and the answer is RM1.00

BURSA Market View

US Economy Data, taken from http://moneycentral.msn.com/investor/calendar/econ/current.asp

Markets are finding a reason to correct. Unfortunately, till date, US economy data performed better than expected. While BURSA going sideline, let's just do nothing, when there is nothing to do.

p/s: unclepicks is waiting for opportunity, i.e. any sharp fall (KLCI -20pts) or near to 1,200 to pick up more stocks till 20%-25% stock holding. Stay tune :=)

Portfolio [1/11/2009]

Unclepicks' portfolio. Nothing to shout about. I'm happy with the amount of stocks I am holding. If the market goes uptrend, I am happy with the little gains. If market goes down, then unclepicks is happier! It's the perfect time to accumulate, but slowly. How slow? If you want to know, then visit unclepicks' blog more often :=)

US Market just reversed the gain from Thursday, down by -250! Can anyone predict that? A gap down on coming Monday? I guess speculators are now shivering on what to do on Monday. Still remember, unclepicks mentioned about the trend of penny stocks gamblers investors lately?  I hope the $$$ they bet earned from goreng penny stocks are enough to cover the losses.

Have a nice weekend :=)