There was a little bump on the stock market. There are financial issues at China, Europe and even US. Most of the world stock market had been up a lot since March 2009.

DOW last 1 year performance

FBM KLCI last 1 year performance

Lately bump caused most of the index erased previous months gain. DOW back to 10,000 level after dropped 7% from peak. And FBM KLCI was below 1250 after dropped 4.6% from highest point. Shanghai Composite Index dropped 9.7%…

DOW past 3 months performance

FBM KLCI past 3 months performance

And finally the stock that I use to monitor ~ Tanjong PLC. It is still above SMA 50. But going to break it soon if all the stock index still going down.

Tanjong PLC past 3 months performance

Back to the question… Is stock market going up or down? Or a far more correction is coming? Hmm… That’s the question that I cannot answer. Look like the stock market is going for side way. Riding the roller coaster.

• 4 Comments

Yeah… 2009 was a very good year for investment no matter in stock market or unit trust. The bull had been running from March until end of the year. It was a little bit flat at the end but up a lot in overall during year 2009.

FBM KLCI 2009 performance

Wow… I started to invest in stock market back in middle of year 2006. Lost lot of money until end of year 2008. Invested in some ‘dangerous’ stocks (gain fast & lose fast). Bought called warrants too. Whenever I look back those years, I laugh. How silly am I back then?

I started to invest late in year 2009. And set target to earn RM 20k in stock market that year. And I achieved it. However, it just managed to cover past few years losses. So year 2010 is a new start for stock investment. I paid lot of education fee and it’s time to gain it back.

What did I do in year 2009 compare to year 2006-2008? I studied stock research firm reports. Be aware of the current economy trend. I selected recommended stock to invest. I did my own analysis of course rather than follow research report blindly. I did not ‘play’ called warrant anymore. And invest in high dividend stock only. Focus on less than 10 stocks only like Tanjong PLC, Mudajaya and IOICorp… By the way, I did lend some money by using stock margin facility. It helped me to buy stock even that I did not have such amount of money. Else I could not reach my year 2009 target.

Looking forward ~ year 2010. This is not a smooth year to invest. Most of the stock price already reached the fair value in year 2009. But it is not impossible to make money this year. So I set another high target for me ~ RM 30k. Let’s fight for it.

• 4 Comments

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