Wednesday, September 20, 2017

Lotte Chemical Titan Holding Berhad


I found out that Lotte Chemical Titan Holding Berhad (LCTITAN) (5284), is quite an interesting company to trade on if one have enough holding power.

Listing on 11th July 2017 with IPO price of RM6.50, which is already slashing from their initial plan of RM8.50, the share price currently is RM5.30 at the time of writing on 21st September 2017.

Just forget about the fundamental or technical analysis which there are more expert out there, I just wish to share it's volatility of the share price during this tenure after their listing.






























After the listing on 11th July 2017 until the date of 28th July 2017, their lowest and highest price are RM6.11 and RM6.53, with Maybank Investment Bank serve as stabilizing agent during that period, and the company, surprisingly offer a refund of RM6.50 IPO price, for those successful IPO subscriber that would like to change their mind not to subscribe although the share already allotted to them.

The fierce selloff of the share occur on the 31st July and 1st August of 2017, which saw its share price plunge from a high of RM6.13 to the intraday low of RM4.14, after they announce a lower than expectation quarterly result with the reason of water disruption during that period.

The low pricing at trading price of below RM4.50 is staying until 11th August 2017, and their uptrend start on 12th August 2017 to the intraday highest of RM5.94 on 12th September 2017. In this period of time, there are quite number of fund manager or investment bank initiate coverage on this stock by giving the a fair value mostly higher than their IPO price of RM6.50.

The share price resume downtrend from 13th September 2017, which should be seen as a correction after consider the duration of uptrend with indicator may showing overbought at that period, and here come the event in this 2 days.

Yesterday, it is reported that a small fire broke out at their Pasir Gudang plant at their site of the TE3 project, you may find the announcement on the Bursa Malaysia website, in the announcement, it stated that the fire happen on 2.23pm and is put off on 2.41pm.

What happen is LCTITAN is closing at RM5.29 yesterday during the afternoon break, and the share price straight away saw a gap down opening start from 2.30pm and it go to lowest of RM5.20, which should be believe there are people know the incident which they can selloff the share in the first place. After the fire put of they might feel the loss is not significant and it close at RM5.29 yesterday, still a 20sen down from the previous close.

It is today another gap down opening at RM5.16, and going to lowest of RM5.04 intraday, it started claw back from low to reach at RM5.30, even up 1sen from the previous close, and the stock is suspended for the announcement to be made by the company later.


















Friday, September 15, 2017

A half day tour at Bank Negara Malaysia's Museum and Art Gallery



It is Sunday morning on the 10th September 2017, I'm heading to the Bank Negara Malaysia's Museum and Art Gallery to collect the commemorative coin issue in conjunction with the 29th SEA Games and 9th ASEAN Para Games. 

The process of buying the coin for this time is a little bit special from the previous commemorative coin issue which member of public need to queue up at here in the early morning in the past occasion, this time, Bank Negara is using online pre-order and balloting process for member of public to buy the coin, details of the process may refer to this link http://www.bnm.gov.my/index.php?ch=en_press&pg=en_press&ac=4508&lang=en

After collect the coin, impress with the rather new building of this Sasana Kijang, I'm decided to have a quick tour on it, and let start by filling my stomach in their nice ambient café. 






















From the café, you can enjoy a nice view inside the café, quite a relax feel, member of public can visit this Museum and Art Gallery daily 10am to 6pm including weekend and public holiday, it only close for first 3 days of Hari Raya Aidilfitri.



















The link about this Museum and Art Gallery is here http://www.museumbnm.gov.my/v2/index.html

I start my visit from the 4th floor which is their Art Gallery, the Art Gallery will feature different theme from time to time, the day when I'm visiting, it is featuring the exhibition title of "The Unreal Deal" which showing six decades of Malaysian abstract art. This exhibition is shown from 31th August 2017 to 21st January 2018.








































Getting a grand view of the building while walking around at 4th floor.


























While viewing the art at 4th floor, you may find some nice view from the window or the glass wall from the gallery.









































Not forgetting to get another shot before going down to 3rd floor for the Numismatics Gallery, or we may call it a money museum for a simple understanding. 





















Personally I more interested in paper note, and all those paper notes display in this gallery really open my eye, of course, other then paper note, the gallery also feature ancient money, old coin, and you may try to recall if you still able to remember the history subject that you learn before.








































One floor lower, it is Bank Negara gallery which feature the history of Bank Negara, and the economics gallery is also at the same floor, the ground floor have the children gallery, and the souvenir and gift shop, at the shop, other then the souvenir and gift, you may found pass issue of commemorative coin and bank notes that didn't sold out still available at here for you.

Bank Negara is having such a nice Museum and Art Gallery that I think still many Malaysian is unaware of it, why not pay them a visit if you really scratching head on where to go during holidays.



Thursday, September 24, 2015

Trigo 2nd Auction live auction website

Here is the website of liveauctioneers for you to check on the list of auction banknotes and coins.

50 Ringgit 12th Series. Zeti Aziz Commemorative

Lot 195 View Catalog

Description

50 Ringgit 12th Series. Zeti Aziz Commemorative issue with 50th Anniv Logo (KNB75a:P49a) Serial no. AA 0012857, UNC

Condition

UNC
Auction Detail
Shipping
Terms
Payment
Preview
Lot Viewing

Viewing at Trigometric, Amcorp Mall

Unit L3.27 Amcorp Mall No,18 PSRN Barat

Pusat Perdagangan Amcorp 46050 Petaling Jaya,

Selangor Darul Ehsan, Malaysia



16 - 17 Oct 2015

From 10.30am - 6.00pm
Bid Increments
From
Increment
0
 
5
100
 
10
300
 
20
600
 
50
1,000
 
100
3,000
 
200
6,000
 
500
10,000
 
1,000
30,000
 
2,000
60,000
 
5,000
+

Wednesday, September 23, 2015

TRIGO 2ND AUCTION MALAYSIA AND FOREIGN BANKNOTES & COINS


























After a successful organizing the first auction on Malaysia and foreign banknotes & coins, Trigometric is organizing their second auction at Hilton Hotel, Petaling Jaya on 18th October 2015.

This is very interesting to see how the collector value the prices banknotes & coins, the auction catalog is already release, and collector can find it under the below link, which you may interesting to find how some of the action items starting bid price.

http://3833.com/wp-content/uploads/2015/09/AuctionCatalogue.pdf




Friday, May 8, 2015

Bank Notes and Coins Auction

It seem Bank Notes and Coins collection is getting popular in Malaysia, an Auction which organized by Trigometric Sdn. Bhd. which held on 15th March 2015 is getting a great respond from the collector, here are the items that put on auction on that day and the realize price at the bottom table.
Trigometric Sdn, Bhd. will be organizing Trigo 2nd Auction Malaysian and Foreign banknotes and Coins, details can be found in https://www.facebook.com/events/934442533262103/

Source: http://www.3833.com

Monday, October 20, 2014

Just my thought after impress by Tan Teng Boo speech!











Recently just attended for the 2014 Investor Day organize by icapital.biz Berhad, and I'm enjoying the last 2 session on the 12th October where Capital Dynamics MD Mr. Tan Teng Boo giving his speech and the Q&A session.

Most of the concern by the iCap shareholder and other potential shareholder is why iCap share price is trading at about 21% of it Net Asset Value (NAV) at the time of writing, and high cash holding in this close end fund which shareholder feel the cash is not fully utilized.

Actually when we see the purpose of setting up the iCap close end fund and the value investing stretching by Mr. Tan, we should be don't have much question on why the fund is keeping high level of cash.

Talking about value investing, the team of iCap is working in looking for any undervalue stock in Bursa Malaysia for a long term investment purpose, since the team found there are no such target in the market, keeping the cash should be the best option.

Traders may feel there are still such opportunity to trade in the market, as everyday market also have it top loser and top gainer, which provide the trade opportunity, but it just not the purpose of iCap.

And for a person who like to be an investor, the biggest enemy may not be the the lack of knowledge in the market, but most probably "patience" is the biggest hurdle. By looking at the iCap portfolio with all the stock entry level during that period, let say we all have the same entry level like iCap, how many of us will keep the portfolio as like iCap do? May be most of us will sell out the share with little profit cause by lack of patience.

On the day Mr. Tan show many statistic in both in global and local economy which actually giving the fact that why we should not too optimistic on the Bursa, if you as a consumer walking down to the street, and found many retailers in all kind of field telling that business is not too good and some may struggle to survive, why should we think listed company can enjoy the profit like the pass few years.

So considering the fact shown by Mr. Tan, I'm totally convince by what he had telling us on that day.


Monday, February 17, 2014

How Much Is Really Needed to Buy Affordable Housing

Breakdown of entry costs by property price

How Much Is Really Needed to Buy Affordable Housing

You may find it hard to believe. Just 4-5 years ago (Date of writing: Feb 2014), it was actually possible to own a decent-sized and decent quality condominium unit in urban centers like KL / Petaling Jaya / Johor Baru / Penang for RM200,000. They were in fact, quite common. From 2010 up till 2012, the government had considered the price bracket of RM220,000 to be within the “affordable” housing range. This was evident when they first launched the My First Home / Skim Rumah Pertamaku (SRP) for houses up to RM220,000.
However, towards the tail end of 2012, it was becoming increasingly evident that houses for that price were becoming more of a rarity. Genuine first time house buyers were gradually finding themselves priced out of the market. Recognizing the changing property price landscape, the government in 2013 bumped the maximum price range for qualifying for SRP up to RM400,000.
The move garnered ridicule from both sides of the spectrum for different reasons. On one end, lower income groups found it laughable that a price tag of RM400,000 for a house could even be considered “affordable” as it was far beyond their reach. On the other hand, the younger and more urbane groups who were striving towards their first home derided the ceiling price of RM400,000 as being out of touch. Their contention was that prices for an acceptable standard of housing was already priced beyond RM400,000.
If anything, the government’s efforts at trying to determine what is “affordable” shows us that it should be assessed to our personal situation. And what might be affordable to you today may no longer provide as comparable a standard of living compared to what was affordable to you 5 years ago.
Regardless of what is affordable to you, how much is really needed to purchase an “Affordable” house? We examine house prices ranging from RM100,000 to RM600,000.
Affordability of Initial Entry Costs
Firstly, are the entry costs of purchasing a house. The table above illustrates the kind of up-front cash one must have to purchase a house in a given price range. There is the standard 10% down payment, along with the rest of the Legal Fees and Stamp Duties which follows a scheduled fee structure. (Fee structures can be viewed at http://loanstreet.com.my/learning-centre/entry-costs-buying-property)
If the entry costs above look discouraging, fret not! There is hope yet. If you are a first time buyer, there are certain schemes and methods that you can take advantage of to ease your burden of saving up enough cash. These include:
  1. 50% Stamp Duty Discount on Sale and Purchase Agreement for properties up to RM400,000
  2. Skim Rumah Pertamaku, which allows you to take a 100% loan for properties up to RM400,000, negating the need to pay the initial 10% down payment
Even if one does not qualify for the above schemes, there is still KWSP’s scheme that allows you to withdraw money from your EPF Account II to help pay for the down payment of the house.
Affordability of Loan
Even if one can afford the initial cash outlay to purchase the house, one must still be able to qualify for a mortgage loan to proceed with the purchase. When assessing whether a housing loan is affordable, there are 2 criteria that must be considered.
Firstly, do you meet the minimum acceptable level of income you must have before a bank would even give you a housing loan. Secondly, even if you do qualify for the home loan, after paying off your monthly installments, realistically, could you get by on the remaining amount?
It would be unwise to enter into a home purchase if your answer to either of the above is “No”.
The table above indicates the estimated minimum level of household income one must have to qualify for a loan of the given amount in the year 2014. It also shows clearly the estimated monthly installments one must pay. These calculations have not even taken into consideration any other commitments that you may have!
Conclusion
While your personal financial situation may be unique, the costs associated with the purchase of a home are somewhat set according to price. The best way to know what you can afford is to measure your personal finances against the required costs.
Finally, whether or not you are a first time home purchaser, remember to take advantage of Loanstreet’s online resources and expertise to help you through your purchase and home loan application.
Loanstreet.com.my is a website for Malaysians to compare and apply for loans online absolutely free of charge
- See more at: http://loanstreet.com.my/learning-centre/how-much-is-really-needed-to-buy-affordable-housing#sthash.xfGWLVNA.dpuf