Last week, Totomaster did not manage to update his stock portfolio due to work commitments. Totomaster was posted away to Chongqing, China for a week to perform some inspection works. During this period, Totomaster went for some sight seeing over at Sanxia, long boat rides with full view of mountains, waters and pretty scenery. Its good to take a rest and some time off the current market. Beautiful skies, chilling weather, cheap food, cheap beers. . . but arggghhhh. . . the MARKET CONTINUE TO RALLY AND I END UP MISSING MOST OF IT!!! But its okay. . .
Hhmmm. . . over the 2 weeks period, the KLCI creep up 6% thanks to the good run up from the blue chips. Well no doubt it does outperform my portfolio by more than 3 times. During this time, BJTOTO being the most laggard of all blue chips finally broke off its down trend triangle and surge to a high of RM4.96 with huge volume. However, as of today it seems that it will soon get back to the down trend again due to profit taking. Boo boo boo. . .
I have dispose the whole lot of MAEMODE-WA @ RM0.54 last week as I see further selling pressure towards the mother share. In turn, I have purchase 10,000 units of CYMAO @ RM1.62 leaving my cash balance at a mere RM309.09. The reason I have swapped to CYMAO is noted in my previous posting on timber industry. TAWIN too has made a rebound from its low @ RM1.62 to hit a high of RM1.82 but succummed to profit taking and is currently lingering at the RM1.70+ level. Has the share price been manipulated?
LIONDIV is currently trading sideways for a few good weeks already. However, this is not the case for its retailing chain subsidiary Parkson Retail Group Ltd which is listed in HKEX, which has recently surge to a new high of HK$49.60 with a target price of HK$56.10 set by the reputable Goldman Sachs. In which I feel that LIONDIV will move in tandem with the share price of Parkson. Do note that the 2nd quarterly results for LIONDIV will be due some time this month. In my visit to Chongqing, I am surprise that there is a Parkson mall over there. According to the locals, Parkson is planning to spore like mushroom all over mainland China. If Parkson were to be introduce in over 30 provinces in China with a population of 1.37 billion, could you imagine what the growth would be like for LIONDIV in future? But their recent proposed disposal of Parkson to ACB is kind of unfair to LIONDIV minorities, because LIONDIV has given away the most precious assets away. Thus, LIONDIV will always trade at a discount due to it being a holding company status!
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