incredible run up by ksh & lian beng, gaining 16% and 12% in a single day, respectively at the time of writing.
looks good and yes, it does feel good to have 2 counters in my portfolio gaining so much.
however i remain vested.
lian beng
- still remains deeply undervalued, book value is slightly more than $1, thus a gain of 12%, still makes it very undervalued.
- this counter has a pattern of increasing dividend. so its just a matter of price playing catching up with the book value and dividend. whether big boys are playing with it or not, doesnt matter. fundamentals will catch up with itself over time.
ksh
- still undervalued, albeit not as much as lian beng.
-another counter which has tendency to raise dividends blah blah... similar argument to above(just lazy to retype the above)
both with contribute
2, 8,10,12 months with dividends.
focus on cash flow (ie dividends) and portfolio will catch up with it.
cheers!
NB;
I called my broker earlier today and asked him whether he knew the reason for the jump. He told me some BB playing it.
Now, I realised that's not true. It because of ksh and lian beng stake in gaobeidian hebei which is in close proximity to the new economic zone announced by the chinese leader. And recent news reports states that tonnes of speculators are in that chinese state looking for properties to invest.
This is one day we can get vested in the benefits of the new economic zone without leaving our shores.
looks good and yes, it does feel good to have 2 counters in my portfolio gaining so much.
however i remain vested.
lian beng
- still remains deeply undervalued, book value is slightly more than $1, thus a gain of 12%, still makes it very undervalued.
- this counter has a pattern of increasing dividend. so its just a matter of price playing catching up with the book value and dividend. whether big boys are playing with it or not, doesnt matter. fundamentals will catch up with itself over time.
ksh
- still undervalued, albeit not as much as lian beng.
-another counter which has tendency to raise dividends blah blah... similar argument to above(just lazy to retype the above)
both with contribute
2, 8,10,12 months with dividends.
focus on cash flow (ie dividends) and portfolio will catch up with it.
cheers!
NB;
I called my broker earlier today and asked him whether he knew the reason for the jump. He told me some BB playing it.
Now, I realised that's not true. It because of ksh and lian beng stake in gaobeidian hebei which is in close proximity to the new economic zone announced by the chinese leader. And recent news reports states that tonnes of speculators are in that chinese state looking for properties to invest.
This is one day we can get vested in the benefits of the new economic zone without leaving our shores.
Time to give up on your broker?
ReplyDeletehaha..maybe..
Deletei think most brokers go by TA and chart reaadings though they know some fundmental stuff.
i use him mainly for account related issues.
''tips'' from him i need to take with a pinch of salt and verify myself.
Good morning, yes, indeed an interesting good news.
ReplyDeleteThe Edge Markets reported this news before Lian Beng announed it EOD trading on SGX infopub.
Interestingly both companies, KSH and Lian Beng holds 22.5% and 10% shares respectively in the JV investment consortium saw their share prices shoot up 16% and 12% in a single day , whereby bigger stake holder Oxely Holdings share only closed at 4.46% higher ? ... (*Puzzling me?)
u also got ksh and lian beng?
Deletegood choice
i think oxley is a tad riskier than the other two.
maybe that's why it din go up as much
Good morning, No, I didn't chased after KSH, the share price went up too fast too furious, perhaps there are some other reasons which retail investors do not know?
DeleteI’ve read your other post on this and it’s possible go up again at least $0.90 or beyond $1.0?
yes, it is possible there are other reasons that people like ourselves are unaware of.
Deletebased on its rnav, it could still be undervalued at 75c.
however, i don't believe that the dividends could be raised to the same proportion as the rise in share price. for the plan to work out and translate to earnings and hence dividends, it will take years to happen.
being a dividend investor, my ksh yield is being suppressed to 4.5% based on last years dividend. even if this years dividend would be raised, most likely at this price, yield would still be below 5%. thus as much as i would like to hold the stock for long long, fundamentals based on dividends tell me otherwise. i divested part of it above 75c.
Thanks for your information.
DeleteCheers....
Hi Paul,
ReplyDeleteDo you think the jump in prices of KSH and Lian Beng has anything to do with the disposal of Epic Land Pte Ltd? Both companies just announced the successful disposal of their respective stake in this Epic Land.
hi Sanye
Deletepossible.
u also got ksh right?
this morning touched 70c!
you got any target for selling?
thanks
cheer!
Yes I have both Lian Beng and KSH. Both are good dividend machines and I don't have any target to sell. :)
Deletethanks for your reply, uncle sanye.
Deleteu have a point there!
haha.. i bet he uses that BB playing it line everytime someone asks him why the price increase
ReplyDeleteu could be rite.
Deletemaybe thats their standard answer when people ask them why counters move up or down
haha
cheers!