Air Asia get Tax Exemption!

Air Asia announced that Ministry of Finace has approved the company's investment allowance incentive application. This is a very good news as it reflected thru the share price itself. Air Asia price hit lowest 4 days ago at 1.48 and bounce back as high as 1.68 today. But, will it marching up?

Cheap NSCOM

KLSE is currently at 905. What a big drop. Although it's not an exciting time, this is actually a good time to pick up those cheap cheap shares. Since Hari Raya is closing in, I personally need to save some money for the Hari Raya expense. If not, I would definitely go and buy NSCOM which drop as low as 0.155 today. 5000 units will surely bring the previous weighted buy price to 0.185.

RicherMalaysian Portfolio WW7

RicherMalaysian Porfolio for WW7 worsen due to the market sentiment. The "Unrealised Loss" increase to 775 while the "Realised Gain" still maintain 290. Our strategy is to look at the opportunity to reduce our weighted buy price by buying more NSCOM or ENGTEX.

HLG Research: Buy Public Bank

Buy recommendation on Public Bank because of the outstanding performance in meeting the 15% growth target. Current price is at 6.55 while target price is at 7.91. However, despite the strong loans growth, one might also wants to look at the impact of the high inflation.

RicherMalaysian Portfolio WW6

RicherMalaysian portfolio "unrealised profit" for WW6 had decreased to 475. ENGTEX price show a positive changes as it closed higher than last week. RicherMalaysian "realised profit" had increased by 90 as we sold our SUNINC shares. Next strategy is to monitor for cheap warrants to buy.

Sold SUNINC at 0.59

Yesterday,I've sold SUNINC at 0.59 (still not sure whether it's a good decision or not). Will monitor this stock closely in case the price drops again.

-To my dearest younger sister Wan Alifah, Happy Birthday to you (Oct 11, 05). Wish you a happy, healthy and wonderful life ahead!

RicherMalaysian Portfolio WW5

RicherMalaysian portfolio Unrealised Loss increased to 480 as ENGTEX price dropped sharply. NSCOM price maintain at 0.19 and for the first time, RicherMalaysian Porfolio has a counter that provided a positive unrealised gain which is SUNINC. Next strategy is to monitor ENGTEX and try to lower down the average buy price if possible.

Sunway Holding Incoporated: Will it be the end of the Downtrend?

Strong base: 0.40
Initial resistence: 0.50
Second Resistance: 0.60
Immediate support: 0.43
Current price: 0.50
Yestedrday price: 0.52
1 month lowest price: 0.405 (14 Sep 05)
1 month highest price: 0.545 (05 Oct 05)

Will try to get 1 lot today..

2006 Budget: More Allocation to the Needy!

I was glad that there are more allocations poured to the needy in the 2006 budget. It's a great effort of bridging the poor and the middle class gap. Thanks Mr. Prime Minister for all the hardwork. However, I do hope that much more allocation poured since the raise in allocation will only offset the inflation impact on the daily need goods' prices. A little will do on bridging the gap I guess. Yet, we read about the millions loss caused by inefficient or distraught or lost focus custom officers and the high numbers of incomplete government projects. Cover those holes politicians and everyone of us might probably watch the next season of Bersamamu in lesser despair.

RicherMalaysian Portfolio WW4

RicherMalaysian portfolio is doing well. Although the total unrealised loss is RM 335, there is high confidence that NSCOM going to be valued at higher price very soon. RicherMalaysian portfolio "realised profit" has doubled this week as we were able to buy 10000 units of MBFHWA at 0.05 and sold them back at 0.06.

WW5 objectives are to buy cheap warrants for short term gain and pay close attention to NSCOM price.