Thursday, March 3, 2011

Strategy During Uncertainty

MALAYSIA MARKET

AEONCR (5139)
Prices maintain well at RM3.80 level. It is time to pick up this counter before dividend annoucement in April 2011 ( within 2 months). Expect to announce dividend of 13 sen for April 2011 and another 12 sen in Sept 2011. Therefore, dividend for 2011 will be 25 sen and provide dividend yield of 6.5%.

KFIMA (6491)
Prices drop even good financial result was released on 28/2/2011. However, we shouldn't worry as the fundamental of this counter still intact. Continue to accumulate.

INDONESIA MARKET

BBTN.JK ( Indonesia:- Bank Tabungan Negara )
Price start to move to Rp1470 (+9.7%) since recommendation on 20-2-2011 (Rp1340). Accumulate when price weaken to Rp1420 and below.

EXCL.JK (Indonesia :- XL Axiata )
Today closed at Rp5900 (13.4%) since recommendation on 13-2-2011 (Rp5200). Accumulate when price weaken to Rp5600 and below.

BNGA.JK (Indonesia :- CIMA Niaga)
Accumulate at this level Rp1720 as this price trading at PER of 12.5x based on forecast FY2011 EPS of Rp137.

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