危机？机会？Dubai World Crisis

1. Get ready ... look for counters that can provide 10-30% return for next 1 month?

2. Divide your fund into 2 :-
FIRST round from 30-11 to 4-12
SECOND round from 7-12 to 11-12

3. Then ...wait for rebound.

4. Counters :-

Gpacket below 0.95
Gpacket-wa below 0.45
Maybank-CM below 0.10
Connect below 0.04
APB below 1.15
PJD -WB below 0.11

Good Luck.

ConnectCOUNTY: stock code 0102

0102...nice number.


NTA : RM0.04
Borrowing: RM1.1 million

Quoted from interim financial statement dated 30-9-2009
There is no outstanding uncompleted corporate proposal as at the date of this quarterly report. Notwithstanding, as a result of its GN3 status premised on the regulation as per the Bursa Malaysia Securities Berhad ("Bursa Securities") ACE Market Listing Requirements ("ACE LR"), the Group is required to submit a proposal to regularise its financial position by 25 October 2009.
The Company had on 7 October 2009 submitted an application to Bursa Securities for the following:
(a) to adopt the new regime under the ACE LR in respect of the requirements which are to be complied by an affected listed company;
(b) extension of time for CCHB to appoint a Sponsor in accordance with Paragraph 8.04(3) of the ACE LR; and
(c) extension of time for CCHB to submit a regularisation plan to Bursa Securities in accordance with Paragraph 8.04(3) and GN3 of the ACE LR.
(collectively referred to as the “Application”)
Bursa Securities had vide its letter dated 22 October 2009 approved the Application subject to the following conditions:
(a) CCHB to appoint a Sponsor and make the relevant announcement by 30 November 2009; and
(b) CCHB to submit the regularisation plan to the relevant authorities (“the Approving Authorities”) by 25 February 2010.
The Company is currently in the midst of discussion with potential principal advisers for the appointment to be its Sponsor and will make further announcements on any material developments in respect of the appointment of a Sponsor in due course.


Now trading at 0.035-0.04 level, picking up from 0.02 level. ( provide 75% return).

Trading strategic for PN 17 counter:
1. If you make some profit from recent trades i.e. RM2K or 3K, you may try this counter.
2. Worst case scenario: you may be able to sell at 0.015-0.02.
3. if we are lucky, may be the share price can try 0.05-0.08 level ( 42% to >100% return)

Affin..still not too late....

If share price able to maintain at 2.30-2.40. Start to accumulate.

Suitable for short term and mid term investment:

1. When economy is recovering and interest rate tend to be adjusted upward slowly by next year.
2. Earning increase for banking sector.

Still not too late to look at this counter.

CPO hold firmly at above 2300 level And Golden Agri

Recap on comment dated : Monday, October 26, 2009

CPO..stable because of weak USD
CPO price will be stable at above RM2180 as long as USD is weakening and picking up in exports figures. The export figures from 1-25 Oct 09 vs 1-25 Sept 09:ITS (+16%) and SGS (+6%).My notes dated 8-9-2009 on CPO already highlighted that US will adopt a weak currecy policy in order to boost its exports. This scenerio will continue for at least for the next 3 quarter until US government feel its economy is stabalised. The next indicator to watch out should be US interest rate. A weak currency will continue and will start to strengthen when US increase its interest rate.Short term startegy:1. If CPO break above 2240 level, next target should be 2285 before reach 2338.2. If CPO break below 2200 level, next target will be 2179 >> 2125Therefore, if CPO price down to 2100 or even lower, it would be safe to LONG for Jan2010 / Feb 2010 contract.

---------------------------------------------------------------------------------------------
Today CPO closed at Feb Contract: 2400 level

I believe any downward adjustment will be temporarily and it will trending upward to 2500 level toward Feb 2010.

Therefore, opportunity to invest in plantation counters for the next 3 months may provide 10-30% return. Top pick : Golden Agri (Indonesia company listed at Singapore SGD0.46)

Why?
1.) exposure to plantation sector since earning is picking up compare to early of this year
2.) riding on Singapore Dollar appreciation ( if you believe)

Golden Agri being the 2nd largest landbank plantation company in the world is doing well and continue to grow. Low gearing and having a good distribution channel in China.

Level 1 : SGD $0.50
Level 2 : SGD $0.55
Level 3 : SGD $0.60

20-30% potential return. Good Try!

PJ Development..Strat to move

Today volume increase and closed at RM0.735.
The listing of its subsidiary should add more good news to PJ Dev and help to unlock its value.
Level 1 - RM0.78
Level 2 - RM0.82
Level 3 - RM0.99

From now until listing of its subsidiary- by 1Q2010....almost 3 months, provide potential return of approximately 30%.

AFFIN

Finally newspaper published: rumour saying Hong Leong Bank merge with Affin Bank..Whether the merger news reliable or not, the salient point is that Affin being the cheapest banking counter worth to consider especially most of the banking counter already moving up.

Efficien:0064..WHY Invest through Asset Management?

In order to maximise the return for idle cash sitting in bank account, the management should use their expertise to find a viable investment option to generate more profit for the company instead of parking money with fund manager.

RM8 million parking with fund manager? ...If lucky, RM8 million make 10-20% return. IF NOT LUCKY..????

As a listing corporation, try to avoid any investment with uncertainty. The other option for using the cash is to pay out as dividend and make the shareholder happy.

APB...still can consider

For defensive investor, this will be the good counter to invest.

Consistently payout dividend of 10 cents (dividend yield of 8% based on share price RM1.20, better than FD rate). Good management team and healthy balance sheet.

4Q2009 financial result will be released soon by end of November.

Affin Bank..the laggard Banking Counter

Recap on comment dated: Friday, September 11, 2009
Topic: Stock Watch: Affin Bank .Why?

1. Strong shareholders- LTAT, Boustead and Bank of East Asia (HK)
2. Public spread - major shareholders hold most of the shares and easy to "push" when any annoucement is made.
3. PE - low PE (8X based on RM1.93), industry PE is 14X for 1st tier bank. IF, given PE of 10X, price may move to RM2.40. PE 12X, target price RM2.88

Any Risk?
Strong shareholder back-up. Don't worry.

If you are looking at 14-20% return within 3 months...Good TRY



Recap on comment dated : Tuesday, October 13, 2009 AFFIN BANK...
Don't forget this counter. Potential move to RM2.40 if break

1 level: RM2.10
2 level: RM2.25

PE for FY2010 = less than 10x...suitable for defensive investors with target return of 10% within 3 months.

Current share performance
The share price moving up slowly and good support at RM2.10 level. The next target will be RM2.25--RM2.50 --R2.80.

Bank of East Asia continue to increase its stake in Affin Bank through open market.

Salcon - (Stock Code 8567)

Prospect:
With a stronger order book in construction and improved profit contributions from China concessions,the Group is confident that the current financial year’s performance will improve barring any unforeseen circumstances. The Group continues to expand its core businesses overseas and had set up an office in Ho Chi Minh City, Vietnam in April 2009 and is setting up an office in Hyderabad, India, to tap into the vast construction projects for water and wastewater in these two highly populated countries.

NTA = RM0.65 as at 30-6-2009
Financial position = OK
Support level 1: RM0.510
Support level 2: RM0.560

Resistance level 1:RM0.610
Resistance level 2:RM0.650

Consolidate at RM0.510-0.550 level. Good buy at RM0.55-RM0.58 level.
Any breakout at RM0.620 level will see the share price try RM0.68, then RM0.75.
Hope the 3Q financial result can show good improvement then we can expect the share price moving up.

Good Luck!