Sold 6,000 IJM-WC @ 1.850

Unclepicks bought 6,000 IJM-WC @ 1.200 on 19-Jan-2010, sold all with 54% profit today @ 1.850
http://unclepicks.blogspot.com/2010/01/bought-5000-ijm-wc-1200.html

The bull is charging for the past few weeks. Some of unclepicks' major holdings, like YTLPOWR, MFLOUR have increased for more than 10% in less than 2 months. Other stocks like MUHIBAH, SCOMIMR, RCECAP also in the rising. More to come...

Bought 6,000 YTLPOWR @ 2.320, SOLD 3,000 FAVCO @ 0.885

YTL Wimax 4G is launching next month. Will YTLWimax become the next maxis ? Very likely.

Bought FAVCO at 0.745 on 26-Jan-2010, 19%+4% dividend=23% gain.

1 year anniversary

It's been one year from blogging. Nothing to shout of, unclepicks' profit stood at 6.37% for the last 12 months. The low profit was due to low exposure to stocks, about average $60k exposed to stocks, while the remaining sitting safely on FD. Based on $60k, the profit would be 10.62%


As for upcoming year 2010-2011, unclepicks will be more focusing on more solid counters. i.e. recent picks like MFLOUR and BJTOTO. This would better blend into busier lifestyle, to focus more time on other activities, while not affecting the performance of stockmarket investment.

BOUGHT 5,000 MFLOUR @ 4.100

Dividend ~5 %
Low PE
...
This is one of the attractive long term auto pilot stocks.

Link:
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201009210505dowjonesdjonline000100&title=execution-key-to-malaysias-444-billion-10-year-investment-plan-analysts

Check the above link, massive $444b plan from the government. Sentiment will be good. Small caps, mid caps, ready to catch up?

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.

SOLD 5,000 LHH @ 1.590

After swinging down and up this morning, it does not convince me that it will break the previous high. See the pattern, do you see what I see?

Decided to sell all with a profit of 35%

With that, the journey with LHH completed.

Link to the LHH posts:-
[Oct 2009] Journey with LHH starts...
[Nov 2009] 1st purchase
[Jan 2010] 2nd purchase

SOLD 5,000 LHH @ 1.580

Unclepicks has 10,000 LHH.

Bought 11/11/2009 5,000 @ 1.05

Bought 27/01/2010 5,000 @ 1.31

Average 1.18

Sold 5,000 @ 1.580, 34% profit. Remainding 5,000 units.

As for Scomi marine, unclepicks holds 40,000 units. Average price around 40 sen. It's now traded at 55 sen. Still holding for the special dividend. :=)

BOUGHT 10,000 SCOMIMR @ 0.375

Finally, DJIA starts to make a good rebound after weeks of uncertainty. Unclepicks decided to buy in a little bit of SCOMIMR.

BOUGHT 10,000 SCOMIMR @ 0.390 ahead of quarter report

DOW JONES dropped ~1,000 pts triggered panic selling.
http://www.smartcompany.com.au/finance/20100507-global-markets-rattled-as-a-typing-mistake-sends-the-dow-jones-index-down-9.html

SOLD 10,000 MYEG @ 0.505

Sold the last 10,000 MYEG today at 0.505 (BOUGHT 0.440, 29/March/2010). The DOW JONES has been volatile. Better play safe.

Ride the RCECAP again, BOUGHT 10,000 RCECAP @ 0.660, TRIMMED MYEG

Over the last few weeks, we have seen the strength of the DOW JONES. The Greece debt crisis is trying hard to defect the DOW JONES. As of today, DOW JONES is still standing strong, well defended by excellent quarter reports.

Now, in the month of May, it's the turn for the BURSA for quarter reports. Can BURSA keep up the momentum? With the recent mega projects(i.e. penang bridge II , LRT extension) on the headlines, will these excite the retailers to participate and goreng up the stocks? Unclepicks decided to add a little more. Bought RCECAP.

Not exposing too much stocks, Unclepicks also trimmed MYEG by 15,000 units @ 0.450 (BOUGHT 8/March/2010 @ 0.430). Left 10,000 units

SOLD 10,000 RCECAP @ 0.705

Good morning. SOLD all RCECAP with 6% gain. A counter with lots of spikes. So, catch the spikes.

BOUGHT @ 0.665 on  31/03/2010

SOLD 20,000 IRIS @ 0.165, 3,000 FAVCO @ 1.030

Quick Note,
Sold IRIS with little gain (bought: 29/Dec/2010, 0.155). All sold
Sold FAVCO for 38% gain (bought: 26/Jan/2010, 0.745). 3,000 units left


FAVCO is still backed by 4% dividend. Will keep the rest for further gain.

Take a look at TGOFFS

Unclepicks portfolio stood at ~74% stock, ~26% cash. Not buying at the moment.

Why TGOFFS?
- If you are observant enough, the executive director (finance) of the Tanjung Offshore Services who has just resigned, acquired quite a big stake of TGOFFS. He has been disposing TGOFFS since December 2008.
- Lembaga Tabung Haji has purchased some recently.
- The company is already awarded 5 contracts this year,

1. long term charter contract from Petronas Carigali, 
2. waste heat recovery package from Solar Turbines, USA
3. spare parts for gas engine generator package from Murphy Sarawak Oil
4. provision of glycol dehydration package from Petronas Carigali
5. wellhead maintenance services from Petronas Carigali

- The stock found its ground last year at 0.950 after reported a 3rd quarter loss. 4th quarter returned back to profit. At current < 1.100, it is relatively cheap & safe to buy and hold.
- Subsidary CERS' management team has been restructured, and cost overrun is expected to come to an end.
- Oil price is going higher and higher.

Another GLC stock, similar to MYEG. BOUGHT 10,000 RCECAP @ 0.665

RCECAP business model
- provides loans to civil servants and, through a comprehensive approach to repay the money deducted monthly.

Pay Rise, Better Economy
PDRM pay increased
- PDRM's salary adjustment made 98,747 personnel happy with each pocketing home RM1,500-RM6,000 depending on rank and the salary matrix schedule.
- Malaysian Armed Forces'(ATM) request for a salary adjustment.
- New Economic Model(NEM), with ambitious GDP growth.

Stock Focus (see graphs)
- Frequent spikes
- Supportive recent announcements
- Strong Fundamental (increasing revenue + profit)

Will MYEG left out in this rally? BOUGHT ANOTHER 10,000 MYEG @ 0.440

SOLD 5,000 YTLPOWR-WB @ 1.020

Sold the last 5,000 YTLPOWR-WB bought in November 2009. ~5 months gained 5.7%

SOLD 3,000 YTLPOWR @ 2.300

Sold all YTLPOWR at 2.300, remainding 5,000 YTLPOWR-WB.

YTLPOWR has moved from 2.150 to 2.300 without taking a breath for the last 6 trading days. The uptrend is too steep. Will buy back when it retreats.

Bought Price: 2.170 (October 2009)
Sold Price: 2.300    (March 2010)
Dividend received: 0.0938 (Total 3 dividends)

Total return from YTLPOWR in 5 months: 10.3%

BOUGHT 15,000 MYEG @ 0.430

Bought MYEG at 0.430 in anticipating a "feeling good" sentiment. MYEG has stabled > 0.40 since May 2009. Take a look at the quarter reports, revenue, and profit not just solid, but improving. 52 weeks low 0.370, high 0.560. Two spikes spotted on Oct 2009, and January 2010. A solid GLC company selling you at PE 13, good deal?

SOLD 1,000 MAXIS @ 5.460

Maxis EPS dropped to 6.70 from 8.20. Selling MAXIS to balance cash ratio.

SCOMIMR fell sharply yesterday. Unclepicks will not hesitate to buy again at ~0.35 . Have you forgotten that SCOMIMR profited S$61.5 million from selling CH Offshore? What will happen to the coming quarter report?