Arr… Tanjong PLC stock price over RM17.50 already. I was wrong. I set too low buying price target. Here go my 2 units of HTC HD2.

The lesson that I learn. Don’t stop monitoring stock market. I was busy during holidays with my new gadget ~ HTC HD2 and focusing on increase blog traffic too. Did not study well on stock market at all.

Well… The rally should continue until Chinese New Year based on past historical record (Don’t trust past result). Anyway, I am not going to buy Tanjong with price over RM17.00. How about you?

Arr… Still remember Mudajaya? The stock that I regretted most is at RM5.13 as at 5 January 2010. Lesson learns… Never sell good potential stock.

• 6 Comments

Yup, Tanjong PLC rating was downgraded by S&P from ‘Strong Buy’ to ‘Buy’. Is Tanjong not performing already? Nope, Tanjong is still on the right track. S&P downgraded the rating but raised the target price from RM18.00 to RM19.00. Yeah… Same apply to Maybank Investment Bank Research, target price raised from RM18.60 to RM19.10. However, OSK Investment Research keeps the target price at RM18.60.

Hmm… Should I top up now with current price at RM16.58? Nope, I will wait until the price is below SMA (50) which is below RM15.80.

• 2 Comments

As expected… Tanjong 3rd quarter revenue is about the same as last year ~ RM985,175,000 (RM986,513,000 on year 2008). However the net profit @ RM177,763,000 compare to year 2008 @ RM97,127,000. And Tanjong declares same dividend at 17.50 cents.

Tanjong stock price from 1 October 2009 to 11 December 2009

I mentioned that Tanjong plc can go pass RM16.00 on last quarter result announcement. I did not manage to buy it again after sold at RM16.66. Will Tanjong go up again? Should I buy again like last time?

By the way, the latest dividend info.
Entitlement Date and Time: 04/01/2010 05:00 PM
EX Date: 30/12/2009
Payment Date: 15/01/2010

• 4 Comments

Maybank Investment Bank wrote another company update on Tanjong PLC again today. It keeps the same target price @ RM18.60.

Succession planning, and more? Mr Yin Yee Yuen, COO of Pan Malaysian Pools, retains his position. He is nearing retirement age after sixteen years with the company. Mr Goh’s appointment could be seen as succession planning. It could also be read as a possible prelude to corporate restructuring now that Entertainment has been carved out as a separate division.

… from MIB.

Tanjong stock price hover around RM16.40 for 3 weeks. It ended at RM16.16 on November 2009 due to Dubai fear. So what is the best buying price for Tanjong? I set RM15.50 as the buying price on 10th November 2009. I will lower it to RM15.00 or RM14.50 if Dubai issue is getting worst. Let’s wait and see…

Buy stock when economy crisis; Sell stock when on good economy

• 0 Comments

When to buy Tanjong PLC stock again? That’s the question I will ask myself after sold Tanjong. Hmm… I just sold Tanjong at RM16.66 on 6th November 2009. That was a good price for me. Why? Tanjong cannot hold on high price based on pass historical record. It will drop after hitting highest point. As expected, it dropped back to RM16.12 after hitting RM16.72.

Back to the question, when to buy Tanjong PLC stock again? Any price below RM15.50 will be attractive to go in again. Let’s wait for it to come…

• 0 Comments