KL Market

This is the new company being bought into my value-stock portfolio today.I bought it at 50sen, which is a discount of more than 40% from its net-working-capital per share (based on its Dec-2009 report).Other good criteria of this company:
Plenty of cash (about 35 sen per share).
zero borrowings. The stock is currently trading near its historical low price. The PE ratio is around 10, based on its ……
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This is the new company being bought into my value-stock portfolio today.I bought it at 50sen, which is a discount of more than 40% from its net-working-capital per share (based on its Dec-2009 report).Other good criteria of this company:
Plenty of cash (about 35 sen per share).
zero borrowings. The stock is currently trading near its historical low price. The PE ratio is around 10, based on its ……
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One of the greatest successor of Graham’s value-investment philosophy.
It’s because of him, that I had decided to start an experimental portfolio applying Graham’s net-working-capital strategy. During his investment lifetime of nearly 50 years, Walter had achieved an incredible return rate of about 20% p.a..
Yet, a lots of people never heard about him.So, this is a short introduction about Walt……
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I started this experimental portfolio since 2008 (see here). After two years of practicing, I had done some review and had decided to make some modification on the strategy framework.
.
Entry strategy：buy at price lower than 70% of net-working-capital.
a single criterion for stock selection.
This is to make my strategy as simple as possible. In the past two years, I found th……
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The new member of my value-stocks-portfolio.
I bought it at 65 sen per share, a 47% discount from its net-working-capital (according to its Sep-2009 report).
However, judging from any other view, Rex doesn’t sound like a good investment choice:
its PE ratio is high.
bad dividend record （didn’t pay dividend from year 2002 ~ 2006). DY of 2007 and 08 is quite low too.
its pro……
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Here’s the composition of my portfolio at 31-Dec-2009.

Activities during this year:

Stocks sold: Advpkg, Lysaght, SJC, UMS, Tafi.
Stocks bought: Hartalega, Tomei, Triumpl, Choobee.
Money added: RM 9,100 in the middle of the year.
If being asked what I’d feel regret about my investment during this year, it would be my slow reaction in buying Hartalega. Its price was below RM3.50 when it first c……
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For the second time, Tafi was sold from my value-stocks portfolio. The first time I sold Tafi was during Nov-2008, then I bought it back in early December.
Here’s the summary for these investments in Tafi..
1st investment。bought 3000 units at 39 sen in Mar-2008.received dividend of 1.5 sen per share (less tax 26%).sold all at 43 sen in Nov-2008.Total return is 10.5% for a period of nearly 9 mo……
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This is the new member in my value-stock portfolioI bought Choobee at price of RM1.53 per share, which is equal to 68% of its net-working-capital (according to its Jun-2009 reports).Other criteria of ChooBee:Low debt position. (according to its Jun-09 report, debt-equity ratio only 10%+)
Continuous dividend payment for more than 10 years. (though net DY only around 3%）Low PE ratio (about 5.5 bas……
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UMS was sold from my value-stock-portfolio yesterday.Actually, the current share price of UMS is still below its net-working-capital per share. The reasons of selling include:
I bought Triumpl into this portfolio few weeks ago. Since these two companies are in similar business and both of them have very high inventories level, I think it’s better for me to hold just one of them.
The return on UMS……
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Glove companies had always been one of my favorite choice on KLSE stocks.
Last year, I sold my holding on Supermx because I need some cash to build my “value-stock” portfolio. About two months ago, I decided to invest again into glove company. And this time I choose Hartalega. The reasons:Good profit margin (around 15% ~ 20%), much higher than Topglove/Supermx/Kossan.Impre……
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