Sold Mudajaya - 11 Oct 2013

I have just sold off my holdings on Mudajaya @ 2.90.  My average entry price is 3.21.  This translates to a loss of 0.31 or 9.7%.  Well, I have accumulated quite a few dividend payouts by Mudajaya since then.  The loss is minimum.  More importantly, I would like to rebalance my portfolio and do some repositioning in near future.

Received Mudajaya Dividend - 11 January 2013

Received Mudajaya's 2nd interim dividend of 2.5cents today.  Hoping for more dividend in coming months.

August & September Dividends

Due to my hectic work schedule, I did not manage to keep up with my postings on the dividends that I received in August.  As such, I'm posting it together as a single post.

This year by far is my best year for dividends. Below is a summary of the dividends received since my last post :

July-16 : Mudajaya - 2.5c Final Dividend Single Tier
Aug-8 : TWS - 25c Final Dividend Single Tier
Aug 15 : Mudajaya - 4c First Interim Dividend Single Tier
Sep 14 : Tambun - 3.8c First and Final Dividend, non taxable
Sep 18 : Huayang - 15c First and Final Dividend, less 25% tax

Among all the above, Huayang has the highest dividend yield and is currently my best performing stock.
On the other hand, TWS first half earnings has dropped significantly which explains the the stock price decline.

Dividend received in the month of July

I received 4 dividends at the end of July.  They are TWS, SuperMax and Mudajaya twice.  The double dividend from Mudajaya were for both the Final Dividend 15% Single Tier and First Interim Dividend 15% Single Tier.  All of the dividends received above are tax exempt except for TWS which has a 25% tax deduction.

The TWS dividend is from Final Dividend of 20cents before tax or 15cents after tax while the Supermx dividend is from Final Dividend of 5%.

Edit : Made a correction on TWS final dividend where it is 25% tax deduction.

Bought Mudajaya today, 13 July 2011

Just bought Mudajaya @ 4.46, just to make sure I don't get odd lots after bonus issue, which will ex tomorrow, July 14th.

Huayang had a sudden surge, reaching 1.75 today. Very nice and I'm still holding on to my Huayang.
Another side updates.  TWS latest dividend of 20c went ex yesterday.

Mudajaya announced Bonus Issue 1 for 3

Mudajaya has just made an announcement that it is doing a bonus issue of 1 bonus share for every 3 existing shares held.  In other words, if you owned 3000 units of Mudajaya today, on the ex-date, you are given additional 1000 unit.  The details as below :

Entitlement Date : 18/07/2011
EX Date : 14/07/2011

Mudajaya proposes a 1-for-3 bonus issue

After many days of watching Mudajaya going south, it finally announce a news that many investors would cheer of.  Mudajaya is proposing a 1-for-3 bonus issue.

To avoid any confusion, it means if you are holding 3000 units of Mudajaya, you are entitled to 1000 units of new Mudajaya share, which will ends up with a total of 4000 units.   The announcement is just a proposal, meaning it has to get approval from its shareholders before we can have an idea of when the bonus issue is scheduled.

If the proposal is approved and you are only holding 2000 units of Mudajaya, you will end up with odd lots.  In this case, you have a decision to make, either to sell off your share or to top-up so it can be in multiply of 300 or 3000 units.  When more details is released, I will post it here.

Mudajaya Released 4th Quarter Result

Mudajaya just released its 4th quarter result and I must say it's another good quarter for Mudajaya.  Revenue comes in at 230M for current quarter and for the whole year, it generated 869M.  The net income for the quarter came in at 57M, highest reported net income in all 4 quarters, translating to a 13.96 eps.  The annualized eps came in at 50.96.  Very nice.  With today's closing stock price of Mudajaya at 5.12, that equates to about 10x PE and that's a very good number.  Mudajaya is also proposing a 3c dividend for its shareholder.  So more dividend coming soon.

One can expect more companies reporting great result next week.  Might take this opportunity to realize my gain.  I'm excited in the coming weeks, don't you ?

Bought MBMR today - 22nd December 2010

After many days of queuing to buy, my queue finally matched at 3.36. MBMR which involved in car manufacturing has a steady profit and lately been a hot stock as it was covered by several famous bloggers.

There is also a rumour on Bonus Issue that will happened very soon. Seeing the growth potential in this company, I feel it's a safe investment.

Also in the last couple of days, TWS and Mudajaya continue to gain ground. TWS is almost unstoppable. Its stock price continue to climb, reaching a high of 6.50 today. Cheers to those who bought in TWS together with me.

What happen to SUPERMX & MUDAJYA

Touch a bit on the 2 counters I'm still holding on to, Supermx and Mudajaya.  I'm aware Supermx reported a drop in this recent quarter which was reflected in its stock price selldown of late.  The good news is that Supermx managed to regain its losses and hovers around 4.50 even though there were some selling activities by EPF.  The potential of growth is still there.  I'm not worried about Supermx.

On the other hand, Mudajaya seem to be weakening of late, dropping below my entry price.  Interest in the counter seem to have dwindled after the SEC probing incident.  But that's alright.  I don't foresee it to continue drop much further from my entry price.  Still holding on to my Mudajaya.

I sold Kfima today, 6th October 2010

I bought Kfima somewhere in the middle of last year.  It's a very strong fundamental share.  Ever since I had this counter in my portfolio, I have received several times of dividend payout.  In case you are wondering why I decided to sell it, well, for one, it's been over a year since I had this counter and second, it's about I raised some capital for some new potential entries in near future.

I sold my Kfima at 1.15.  Bought in at below 0.70.  That translate to about over 65% gain, excluding dividend. This is the beauty of fundamental stocks and patience.

Also, I have 2 of the counters in today's Top 10 Gainers. Hooray ! Specifically, Mudajaya and Supermx.

I bought more Supermx today, 23th September 2010

Today is a red day for KLSE, a day after Mooncake/Lantern Festival.  Majority of the stocks under my radar experienced a mild panic-selling activity.  This includes Mudajaya and Supermx, which touches 4.10 and 4.00 respectively.  When everyone starts selling, especially a panic selling is detected or majority of public is in selling mode, it's a great opportunity to buy in on those solid fundamental stock.  Hence, I decided to buy more Supermx today at 4:04.  My current average price for Supermx now stood at (4.57 + 4.04 ) / 2 = 4.305.

EPF is still on continually acquiring more of Supermx in the last few days even though the rubber sector sentiment is dropping.  Many investment house are reducing their target price for the major players in rubber sector.  Nonetheless, I'm still not worried.

Some comments on Mudajaya

There is an unconfirmed news that SC has completed its probe on Mudajaya for the poison letter, with no penalty or any wrong-doing.  The news came out on the day Mudajaya jumped from below 4.00 to 4.4x.  Since then, it fluctuates between 4.3x and 4.50.  This is a very good sign of good support at around that price range.

In addition to that, in the last few transaction days, there were more acquisition activity by major shareholders on the company shares.  Looks like upside is imminent.  Cheers !

Market start with a bang in September

Nice rally from the DJ on the first day of the month.  Even Citigroup (C) goes back to above 3.80.  The same goes for many other stocks in DJ.  Apple (AAPL) has been rising steadily in anticipation of a new product launch and finally it was announced yesterday, an improved Apple TV box-set.

As for KLSE, nice gain on the index but majority turned lower on the first day.  However, we see some reversal and nice gains on quite a number of counters in KLSE.  JCY registered an almost 20% gain after dropping from 1.7x to just 0.90.  Mudajaya didn't join the rally unfortunately.

Will the rally continues tonight ? Let's find out together.

Bought Mudajaya today - 27 Aug 2010

Mudajaya, a company that its share plunged from a high of 6.00 mainly due to the probe by SC, caught my attention when it hits below 4.00.  Having a good support at the range of 4.06 to 4.20, I decided to queue to buy some and finally got it today at 4.10.  It's been a few weeks since the company was probed by SC and no news released so far.  As the saying goes, no news is good news.  At the same time, there were some major shareholders who acquired some good quantity of shares too.  The latest quarter earnings released just days ago and it looks really good.  With all of these factors put into consideration, I'm confident Mudajaya can move back into the range of 5+.