GAMUDA-WE (5398WE) - Buying Gamuda-WE and selling Ecoworld and Insas-WB
I have to admit, I trade much lesser than many. Usually, my style is to
buy and lay low during bad market times. When it gets hot like what it
is right now, I will try to reposition some of my holdings. I can do
this because I see stocks as a long term investment and if you read most
of articles, these money that I put in is meant to be held long term.
For those that have need for the shorter term, such as children's education needs, medical, house deposits, car deposits, my style of investment is not really ideal. You can however still invest based on the percentage that you are comfortable with.
All these while, if you have looked at my past records, all of those purchases that are made are really fundamental stocks except for a small handful which fundamental have changed. Among those are YFG and Parkson and maybe even AEON.
Over the last 2 days, besides buying Freight Management, I have also done the following:
For those that have need for the shorter term, such as children's education needs, medical, house deposits, car deposits, my style of investment is not really ideal. You can however still invest based on the percentage that you are comfortable with.
All these while, if you have looked at my past records, all of those purchases that are made are really fundamental stocks except for a small handful which fundamental have changed. Among those are YFG and Parkson and maybe even AEON.
Over the last 2 days, besides buying Freight Management, I have also done the following:
- sold all of my Ecoworld at RM1.50.
I thought that since there are potentially other stocks which may be
more attractive, I can opt to let go EcoWorld and revisit this stock
later. There is no doubt that EcoWorld is still a very attractive stock.
It has the best management, which is why I have bought them, and this
company will be one of the best property players (if not the best) in
the years to come.
In selling, Ecoworld, I have also opt to take the offer for shareholders
to take up EcoWorld International which is going for IPO soon. I was
offered only 700 units but I did apply for excess and I will report when
if I am provided more.
2. sold all of Insas-WB
I think this is because of the premium of about 41 sen and perhaps it is
a little too high for my liking. I will still hold Insas.
3. Purchase 3500 of Gamuda-WE
If Insas-WB has a high premium, Gamuda-WE (exercise price-RM4.05) on the
other hand, has a 3.21% premium and it has 4 more years (6 March 2021)
to expiry. In purchasing Gamuda-WE, I obviously am confident of the
parent company. As compared to many of my other holdings, I do not think
I will need to introduce Gamuda much. Most of the analysis done are
about to what I believe. It owns toll concession assets - Litrak, Kesas,
SPRINT. It is trying to sell its water concession - SPLASH.
Has many construction projects in hand - MRT2, completing MRT1, Pan
Borneo and as many are speculating the company is in very good position
to at least get future rail projects such as Gemas-JB rail, East Coast
Rail Line. Basically, this is one of the best construction firm in
Malaysia and currently construction theme is still pretty hot.
GAMUDA-WE (5398WE) - Buying Gamuda-WE and selling Ecoworld and Insas-WB
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