Thursday, February 24, 2011

Stay or Go

With the oil at USD 100 and the uncertainly surrounding the Middle East region people start to worry. So would you stay or would you go ? Just vote lah in the comment for the fun of it. Adios...

Thursday, February 17, 2011

Lessons I learn.... ( Comment onm 2nd brother 's)

At last you said something brader. I could not agree more about your comment about the local analyst. But I am the lazy type. It is just too bloody boring to go through a bunch of junk in Bursa Malaysia. However that doesn't mean we are not able to make money out of the Malaysia market. Hartalega is a very good bet. Unless there is a structural change in Hartalega, I will certainly hold it. Sometimes all we need is the patience to wait until someone to change their appraisal about certain company.
They are 3 valuable lessons I learn.

1. Do not overly fixate on what we paid for a stock. Yes. Hartalega has gone up quite substantially since last year. But the future earning of the company is very promising and real. I strongly believe once the future earning be materialized,  one could expect a re-rating. In fact Hartalega is experiencing it. Compare the what the analyst about Haralega  3 quaters, 2 quartes ago and now, you would get what I mean.

2. Do not rush to grab a small profit if you are convinced that you are on the right track. At the same time always remember it is not too late to recognize you mistake to sell for a small profit to buy it back.Once the mistake be recognized, just don't forget the Lesson 1. ( Do not overly fixate on what we paid for a stock before ). this remind me a guy in a chinese forum ( www.cari.com.my ) made a good call on Hartalega 2 years ago but sold it after awhile in order to look for another "super star" . Even though the profit he made was quite handsome, but he could make more only if he could hold it a bit longer. I wish him luck with no regret. Regreating is only for fools. It is just too hard to find a " super star ". We are lucky to find one. So it is better to hold it as long as its earning power still remain structural sound and promising.

3. This is about stock recommendation. KNN  This is a neck pain. Friends do ask me to recommend some stock and I believe they won't be upset with me if the recommendation backfires. but the feeling is just not good lah... I ain't god so it should not be my responsibility. But I do feel great if the stock skyrocket. It is just a matter of sharing. Want to buy or sell, we are adult enough to make the call.

Happy Trading.  

Monday, February 7, 2011

About Hartalega Again ....

Hartalega current quarter result has just be released. It is rarely to find such a company in Bursa Malaysia  I am not saying this because I own its share. Fact remains  fact .... Look at the result ...



       
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
       
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
       
31/12/2010
31/12/2009
31/12/2010
31/12/2009
       
$$'000
$$'000
$$'000
$$'000
1Revenue
188,123
148,599
542,393
408,507
2Profit/(loss) before tax
62,206
47,477
176,988
121,376
3Profit/(loss) for the period
49,211
37,252
137,772
96,795
4Profit/(loss) attributable to ordinary equity holders of the parent
49,203
37,200
137,763
96,681
5Basic earnings/(loss) per share (Subunit)
13.54
10.23
37.90
26.60
6Proposed/Declared dividend per share (Subunit)
5.00
5.00
9.00
10.00

Quarter to quarter, the Group’s sales revenue increased by 26.6% and profit before tax increased by 31.0%.


Comparing Current Q to Proceeding Quarter
In the current quarter, the Group's revenue was 2.1% higher and the profit before tax was 1.9% higher when compared to the preceding quarter. The increase in profit before tax is due to increase in demand for nitrile gloves.

For detail go here ...
Balance is ok. Cash flow is good. All the financial ratio is healthy.... hmmmm...
Looks like it is expending at the cost of the rubber glove. At 5.60++ I don't think it is expensive.
Adios Happy Trading.