Journey of a Kampung Investor in search of financial freedom
Today i made another purchase of FAJAR-WA after my purchase on Genting Malaysia Berhad (GENM). Check my latest purchse on GENM under the post Genting Malaysia (GENM) - Riding together with GENM share buyback.
With the last adition of FAJAR-WA into my portfolio, i have total of 8000 shares of FAJAR-WA at an average price of RM0.525 and will be hoping to add somemore if i have extra cash.
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Genting Malaysia or in short GENM (4715) is buying back it shares heavily. The past one week, GENM had collected 14,000,000 shares back to its treasury.
GENM share buyback :-
19/8/2010 : 4,900,000 shares
20/8/2010 : 4,100,000 shares
23/8/2010 : 5,000,000 shares
Total : 14,000,000 shares
I am purchasing foreign stocks such as stocks from Singapore and US using DMG Partners from Singapore.
DMG Partners is a sister company for OSK188 in Malaysia. I opened a DMG Partners account so that i do not need to pay brokerage fees to OSK and also to DMG Partners.
Yesterday i have sold my 1000 shares of MAXIS (6012) at 5.29 and made some coffee losses on it. The main intention of me selling away my MAXIS shares is to use the money to buy in more FAJAR (7047) or FAJAR-WA (7047WA).
My post where i wrote on GENTING SP - Up and up and i just can’t stop! showed my average price for my GENTING SP.
Today, GENTING SP share price soar till $1.46! From my previous blog post this is roughly how much unrealized profit i am making from this baby dragon :-
This morning i received a SMS from an unknown stating that “Good News, Genting SP is now trading at $1.42″ I wasn’t really sure whether it was true or not because i was driving on my way to work.
To my surprised it really hit $1.42 and the highest from what i am seeing now is $1.45
We often come across the word REIT in business times newspapers in Malaysia. What do we really understand about REIT? The term REIT stands for Real Estate Investment Trust.
My previous post was on FAJAR (7047) and FAJAR-WA (7047-WA). Guess what, i have purchased 5000 shares of FAJAR-WA (7047-WA) at the price of RM0.52 with a total of RM2631.78
FAJAR (7047) or in full Fajarbaru Builder Group Berhad is listed on the main board of the Bursa Malaysia under the construction sector. I will give some simple fundamental analysis on FAJAR and its son FAJAR-WA.
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Something to cheer upon for those having AirAsia (5099) stock in their portfolio. According to Tony Fernandes, AirAsia is in a better position as they have solved some issues within the group.
Fernandes didn’t elaborate much on the uncertainties but he said that AirAsia, the airline company was right not paying dividends up to this point because it wanted to build up its cash.
BSTEAD (2771) or in full Boustead Holdings Berhad is listed at the main board of Bursa Malaysia. BSTEAD is listed under the plantation sector and it is one of Malaysia largest diversified conglomerates.
BSTEAD has more then 13000 employees and the major shareholder of BSTEAD is Lembaga Tabung Angkatan Tentera.
Finally i have made up my mind on going Gung Ho on Citibank. I will try my very best to accumulate as much as possible on this baby.
Take note Malaysians. Effective May 2010, the latest Base Lending Rate (BLR) for most banks in Malaysia will be at 6.05% per annum. The BLR increased another 25 points from 5.80% earlier.
Usually when BLR increase is a sign that the economy is recovering. I am not pretty sure whether the economy in Malaysia is really improving but on the surface it looks like it.
My last post on Citibank was on CITIBANK - I take it! On Wednesday early in the morning Malaysia time, i added another 500 shares of Citibank to my collection.
I am going on the offensive on Citibank as i will try collect more funds to buy in more of this stock. Hoping to average down more from the current price that i have.
My new average after added another 500 shares of Citibank :-
