Carlsberg AGM - 20 Apr 2017

Carlsberg AGM - 20 Apr 2017

quite worth.
1) 6 Can Carlsberg beer
2) RM 20 KFC voucher
3) RM 40 discount coupon(giant)

Overall break fast not provide compliment by RM 20 KFC voucher.

SSteel - 18 Arp 17

SSteel - 18 Arp 17

Overall cost range around 1. 

BAT AGM - 18 Apr 2017

BAT AGM - 18 Apr 2017

Gift as below,
same as last year
RM 85 food voucher and 1 door gift bag.
but no break fast only tea serve.
overall less people compare to others.

Annjoo - 14 Apr 17

Annjoo revisit.
buy at 2.7 on 14 Apr 17

Reason to buy 
- MITI tax for Steel bar continue for 3 years.
- Steel company will be benefit from this. PE overall is low 8x

details as below

The Federal Government decided to make the previous preliminary safeguard measure for rebars and wire rods into a definitive measure which will run for another 3 years. To recap, back in Sept 2016, the government had imposed preliminary safeguard duties for long steel products, i.e. rebars and wire rods at 13.4% and 13.9%, respectively.

The newly announced definitive safeguard for rebars and wire rods will run at the same rate of 13.4% and 13.9% for the next one year (starting 14/4/17) and subsequently at reduced rates of 12.3%-11.1% (rebars) and 12.9%-11.9% (wire rods) for the next 2 years.

ANNJOO is a direct beneficiary as the safeguard measure will continue to deter imports and serve as an additional barrier for Chinese steel to enter local shores even if Chinese steel prices were to come off as a result of slower construction activities in China.

Hence, moving forward, the local steel prices will continue to remain resilient with long steel prices to be >RM2,000/tonne buoyed by the low imports. Currently (14 April 2017), local steel prices are trading at healthy levels of RM2,100-2,250/tonne (+30% YoY).

Risk

Risks include lower-than-expected steel selling prices, lower-than expected steel demand, and higher-than-expected raw material costs.

Heineken AGM - 13 Apr 17

AGM - Gift 
1) Voucher rm 30 - abit useless need spend rm 100 discount rm 30 for tesco.
2) 2 can of beer
3) break fast - bread and pastries
4) 1 more can after AGM - seem many AGM start to be like this to keep ppl for voting..

OFI - 10 Apr 17

OFI
Chart 1 can see that the banker chips is focus around cost area 1.4, current price about 1.7 roughly 20% up.
Chart 1 drop from 2+ til lowest 1.4 estimate can return to previous high as target price.
Chart 2 show recent price have reach long trend white line. shv face resistance and fall down. 2nd time or 3rd time up wards shv be able to break thru it.
Chart 3 weekly chart show price still above long term trend line. up trend.
Chart 4 did not show any short term fund flow in recently.
chart 5 show MCD banker chips increase. green chips reduce all and become yellow and red only.

Buy reason
1. Banker chips cost and current not too big gap.
2. expect company to growth with plant and machinery expansion
3. got DY,
4. Food company.

Disadvantage
1. PE quite high consider about 22 now.

Annjoo - 7 Apr 2017

Annjoo
1) from chart 1 show there is banker chip but when it big drop. means got support in. news say could be due to the Miti decision for steel to remain tax or waiver tax.
2) from chart 2 show there is short term fund inflow as well. means price is strong support. show have buy at this point.
3) long term show that MCD banker chips is high.
4) month chart show that annjoo almost return back to all time high.

Buy reason
1) PE low around 8, price chart show got banker and short term funds.
2) uptrend confirm
3) DY is good.

CSCSTEL - 7 Apr 17

CSCSTEL
1)from chart 1 can see the white line(long term) support the price trend. it did not drop over white line. means support at this level.
2) chart 2,4 show there is main banker buy at low point. show there have form double bottom from this chart price range 1.7 - 1.8
3) chart 3 shows there is short term fund buy in.

Current price 1.86
buy at 1.85

Maybank AGM - 6 Apr 17

Maybank AGM - 6 Apr 17

SIME darby having huge traffic so jam for the first time i have experience due to too many shareholder going there i think.
anyway below is the gift as usual.
1. AEONN RM 50 voucher
2. Break fast (mee hun+ sandwish + pantries)