My Comment: FELDA Global Ventures Holdings Bhd IPO

FELDA Global Ventures Holdings Bhd Initial Public Offering prospectus has issued yesterday. Since it is the 2nd largest IPO after Facebook, many investors are paying attention on it. 

For those who subscribed Gas Malaysia Bhd, it is a very disappointed one. This is because it does not need our money for future expansion and it only do it for the sake of listing. As a result, Gas Malaysia Bhd only offers 30.5 millions shares to the public. I would say the chance for retail investor to hit is extremely low, even compared to ARMADA, PCHEM and MMHE.

As a Malaysian retail investors, we are also given a chance this time to subscribe a total of 73 million shares at RM4.55 per unit. To be honest, 73 million is very insufficient for the public and the chance to hit is also extremely low, but definitely better than GAS and MSM. 

Most of the retail investors are skeptical about this FGV listing plan, is this a right time and right price to subscribe and invest in this company? General election coming, BN weakening, settlers and KPF issues, global economy crisis, CPO pricing retreating, oil palm tree age issue, PER of 16, etc. After all, investing a share is just like doing a business. It has risk involved. If every GLC company goes listed and confirmed it is making money for retail investor, then this is not a stock market. But so far this bull year is doing good for all GLCs, I believe it is the same as FGV amid all the problems came up, especially it is supported by 10 cornerstone investors.

From business point of view, I think RM4.55 is definitely a fair deal. This business should worth RM5.05 per unit.

I'm currently accumulating most of my bullets and once it is done, I'm going to subscribe by next week. I mean I'm going to sleep into it. It's one of the rare opportunity after MMHE and PCHEM last year. 

Good luck, guys. (Yes, this is really required a lot of lucks if your bullet is not strong enough!)

Market Continues to Goes Up?

Market continues to go up after Chinese New Year. I believe most of us are making handsome profit this year. All 'experts' started to talk about how much they make yesterday or last week.

There are many news going on to heat up certain counters price, including Puncak and NICORP. NICORP is the craziest one just like HARVEST did.

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Chickens Were Running Around

Gong Xi Fatt Cai to all Chinese investors! Do you gamble during CNY? Well, I'm not really into gambling, because the probability to win is very low even with small money. I rather spend the time to chit-chat with friends and get to know new friends. 

Back to stock market. It's still January, but the some of the counters seems like going up a lot. 

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AMENDMENT #2: 2011 Share Investment Review

Today is the last day of 2011. How do you feel?

I believe most of us feel excited, neither because of 2011 is ending nor 2012 is coming, just because it's New Year and we have few holidays to enjoy. Since it is the year end, it's time to review my local share investment portfolio.

Portfolio review is always good to know how well we did, where we did wrong and right, and how we can improve further for the coming years.

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Asian Successful Investors' Traits

Recently, I have read many of the Asian successful stock market investors through finance magazines. Each of them is good and impressive, it's just like the The Market Wizards for Asian. I would like to learn from them, so I found out that they have some common traits and experience, which I would like to share with you here.

Trait #1 - Daring

None of them are play safe by starting from small amount of investment. Play safe won't get you far just like fixed deposit. Most of them invested 100% of the wealth into it. They are daring and taking risk once an opportunity is discovered. Besides, they also daring to invest during great uncertainty. That's why their return is very high compared to others when it is succeeded.

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Digital Media Counters

I believe some of you have already notice the potential earnings and prospects of local digital media counters. There are not many digital media counters in Malaysia, just a handful of them, like AMEDIA, CACHA, DIGISTA and MMODE. 

Between them, 2 of the long listed counters, DIGISTA and MMODE have went up 3 to 4 times recently, where AMEDIA and CACHA are just listed recently. Have you invest any of them?

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Coastal Contracts Bhd

One of my favorite low PER counter, COASTAL has released it's latest quarter result on 24 Nov. I believe this counter has draws many investors attention, due to it's low PER and the capability of making money from the time of economy crisis until today.

Surprisingly for the first time, it's EPS has been dropped from 11.1 cents to 7.59 cents compared to previous year's quarter. The drop of revenue and profit are mainly due to lower number of vessels delivered and lower fleet utilization rate for vessel chartering. Nevertheless, it's gross and net profit margin has increased by 2% and 5% respectively. 

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